Business › Re: Naira "Strenghtens" To N270/Dollar At Parallel Market by 2n2k(m): 8:51pm On Dec 18, 2015 |
Bitterleafsoup: The low thinkers that want to blame GEJ should look at how his administration kept the NGN stable even as the oil prices dove. That is what good goverance is about. Not once sis GEJ blame anyone or anything he just worked hard to make this country flow. Change you shouted for is here, you should have been more specfic, cause the change is as negative as they come. It appears you are the low-thinker here. From the illustration you provided, nigerian brent averaged over $120 for four full years, yet naira did not appreciate, no build up of foreign reserve yet you are touting that as achievement against a govt under whom oil average $40 with no inheritance of substantial foreign reserve. Compared to achievement of OBJ under whom oil average less than $50 and he was able to pay off our debt, accumulated high forex and excess crude reserves, then GEJ regime was non-starter. |
Politics › Re: FG Declares Dec 25, 26, Jan 1 As Public Holidays by 2n2k(m): 4:09pm On Dec 17, 2015 |
Thursday 24th December is eid el maulud and will be declared as a public holiday as well. So from Wednesday evening to Tuesday morning, na unlimited enjoyment.
By the way, Mods should correct the misleading information in the title and front page. Christmas holiday is 25th and 28th not 25th and 26th. Check NTA website |
Politics › Re: Keyamo Speaks On Legal Implication Of President's Gift Of 2 Jeeps by 2n2k(m): 10:25am On Dec 17, 2015 |
Tmaritas76: He is entitled to three cars and was given two why not request for the third one if his conscience told him it was his entitlement he is receiving from the wrong office.end time entitlement,inconclusive gift He was entitled to 3 vehicles and was given those 3 to last for four years. Before the four years elapsed, he was attacked and 2 of the vehicles were destroyed. The Federal Government that has the responsibility to maintain the cars replaced the two damaged ones. What is difficult to understand there? If you have three cars in your fleet and two had an accident, do you expect the insurance company to replace even the one not involved in the accident? The FG must have insured those bombed vehicles and it was the FG that would have made the insurance claims not Buhari. |
Politics › Re: Ekweremadu To Get 10 New Exotic Vehicles - Premium Times by 2n2k(m): 5:28am On Dec 17, 2015 |
anonimi: Stop making flimsy, lazy excuse for the incompetence and CORRUPTION by the party that brought Buhari into power on March 28 that is fully in control of the two chambers of NASS. Did the party not promise to fight corruption and promote transparency? Is this the way to deliver on those promises? Is this the way  Just exactly what do you want the party to fight? You may see it as corruption or waste, the senate see it as essential tools for their work. Is the party going to tell the senate not to have vehicles for the committees? The National Assembly amended the constitution to give itself autonomy (the state assemblies rejected autonomy for themselves). With that, there is nothing any president can do to or on it. While the National Assembly can check excessive spending of the executive, there is no provision for the executive to check legislative spending. Saraki is accountable to no one on how the National Assembly's money is spent except to his colleagues. Note that the executive don't budget for the legislature. The executive will just add the bulk money that national assembly demand (currently N120b down from previous N150b) to the national budget and legislators decide what to do with it. If Saraki so wish, those vehicles will be bought even before Buhari source money for his own January salary. As for the APC, Saraki got the position without its support and got away with it. Why should he listen or subject himself to such feeble organization? |
Politics › Re: Fashola’s Son, Demola, Called To Bar In Abuja (photos) by 2n2k(m): 7:27pm On Dec 15, 2015 |
igboboy3: Lucky Bastard 
He'll probably did Law School in ABJ. He'll do NYSC in Lagos or Abuja or wherever dafuq he likes! Then, before the service year is over, he would have processed his LL.M admission to one of the top 10 law schools in the world.
After his Masters, he'll be smuggled into Ministry of Justice or Legal Dept of NNPC or NIMASA. He'll have a nice car and bachelor crib in Maitama/Asokoro and a lot of hens will be on his matter. If he likes, he play around with them before settling down with another British educated girl from a Royal family in the SouthWest.
If he likes, he may run for office and win (like Lai Mohammed's son) or if he is an intellectual, he'll open his own firm. He may end up like Mr Osinbajo who had 'humble beginings' from Corona School All his children will be born in Canada or the US, giving them a ticket to the world. They'll lack nothing and the cycle will continue.
Lucky Bastard Eeyaah. An Unauthorized Biography of Demola Fashola. |
Politics › Re: Photos From The Heavy Fire Incident At NNPC Super Mega Station In Abuja Today by 2n2k(m): 12:31am On Dec 14, 2015 |
afolayangs: Fuel ma car @ the station heavy. Tnx God it's not more than this cos this station is serving the whole of abuja. They sell fuel from 7am to 9pm every day. There engine is the best and not dubious. They run 24 hours since October. |
Christianity Etc › Re: Inside The 100,000 Seat Auditorium Bishop Oyedepo Is Planning To Build by 2n2k(m): 9:08pm On Dec 13, 2015 |
DIVINE78: The Good Lord in His infinite Mercedes and Grace will help Bishop Oyedepo to achieve his aim. @bolded  |
Politics › Re: Evidence Of $47m Taken From CBN, Stuffed Into Suitcases - Sahara Reporters by 2n2k(m): 8:35pm On Dec 13, 2015 |
anonimi: Without letter head of the Office? Chai, see mumu.  The whole letter. Cc castrokins
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Politics › Re: Buhari, Order Immediate Arrest Of Okonjo-Iweala & Emefiele - By Ilesanmi Omabomi by 2n2k(m): 11:41am On Dec 13, 2015 |
Saheed9: No credible source yet. But if it turns out to be true, I hope the flat heads won't enter the streets again in the name of protests. What credible source are you looking for? The article did not say that "Buhari ordered the arrest of iweala and Emefiele" rather the writer is calling on Buhari to order their arrest.
Note the comma after Buhari in the title. It serves a purpose. |
Politics › Re: Nigerian Senate Set To Spend N4.7b On 120 Toyota Land Cruisers For Saraki, Other by 2n2k(m): 10:02am On Dec 13, 2015 |
Dharnchuks: I wonder where these present day journalists were nurtured. Their publications are always riddled with irregularities. Even with my little mathematical knowledge I deduced: For the Prado Jeeps 75% of N18,250,000 is N13,687,500 making its total cost N31,937,500 as opposed to the N37,412,500 above.
For the Benz factoring in the 75% of the initial cost of N23,912,500 will make final cost N41,846,875 opposed to the quoted N49,020,625
Toyota Hilux SS will be N21,940,625 not N25,601,875
Something haas to be done about these copy paste Journalists. Their computations are arithmetically correct. It is 105% not 75%. 35% duty, 35% levy and 35% profit margin. What can be queried is whether the base amounts are true. By the way, this acquisition will be easily defended by the senate. It is for committees use not for direct personal use of the senators for which they have been paid upfront. Two land cruisers for each of the 60 committees for the nebulous oversight functions. |
Career › Re: I Sent The Wrong Salary Schedule To The Bank by 2n2k(m): 8:14am On Dec 10, 2015 |
Melahou: (1) ok i understand you very well, am sure for the bank to have gone ahead to pay, the value on the cheque does not necessarily have to be the same as the value on the salary schedule, it will only cover a stated amount so that there`ll be enough money in the account so that the bank will be able to pay
(2) for example... if the amount on the salary schedule is 1 million Naira and probably there is only 200,000 in the company`s account. all you need to do is to write a cheque and make the bank the beneficiary so as to fund the account "Pay ABC Bank Plc" the sum of 1.5 Million Naira just to add up with what you have in the account so that the schedule can fly.
and not necessarily the same value on the salary schedule.
because of the relationship the bank may have with a company, most times the bank can act with just a soft copy, while hard copy may likely be for formality sake or filing purpose. This may really be more interesting sideline discussion than the original post though it will help the OP to know that the bank goofed. (1) When a cheque is issued, it is the authority for payment. Schedule is not an authority for payment but a detail explanation of payments (e.g. Where you have multiple beneficiaries). A Schedule as a supporting document cannot override the original/main document which it supports. The bank must not exceed the amount stated on the cheque. Note that the authority to pay and the schedule can be combined in a single paper. When you send a paper addressed to the bank which says "please pay the following persons with the amounts against their names and debit our account with you with the total sum of Nxxx" then you list the beneficiaries below, you have combined authority to pay (cheque) with schedule. This is the same as writing a single cheque and listing the beneficiaries at the back of the cheque just as you do if you want to obtain bank draft. The bank cannot and must not debit you with greater amount than the total that you have stated in the instruction part of the paper or on the face of the cheque. If the total of the schedule (beneficiaries) part contradicts that instruction part total, the bank will reject processing and will require you to rectify. (2). In the second part of your post, you are mixing two separate transactions. Credits and Operations. A bank cannot honour your cheque beyond your account balance without prior financial accommodation arrangement which may be specific overdraft, bridge funding or just a commitment to honour payments up to certain limit. Whatever term is given to it, it is a credit facility for which you will pay interest and you must have firmed up that arrangement before ever being allowed to drawdown otherwise, it is a punishable unauthorized overdrawn account. This area is handled by the Credit department. When you want to drawdown and you issue payment instruction and schedule (either separately - cheque and schedule or combined - instruction at the top and beneficiaries below), it will be handled by the Operations department but instruction and schedule total must agree. |
Career › Re: I Sent The Wrong Salary Schedule To The Bank by 2n2k(m): 8:18pm On Dec 09, 2015 |
Melahou: Bros i also prepare salary schedule, in most banks a cheque does not need to accompany a schedule It could be in this format. "Kindly debit our account with the tune of...
And also in terms of verifying, Such document is an instruction whether it's writing may 2015 or June 2014 on it.
Some companies still pay outstanding while current month will still be on pending
The bank only complied with the instruction to debit and pay The OP said a cheque was forwarded with hardcopy. If a cheque is forwarded, it should be the instrument of payment and the bank has no right to debit the customer beyond the value of the cheque since the cheque no is the document no that will be quoted for the transaction. This is different from the direct debit scenario you described. |
Politics › Re: Saraki And Other Senators In Delta For Thanksgiving Service (Photos) by 2n2k(m): 3:12am On Nov 30, 2015 |
Nonybb: The Last Time Buhari Entered Church as when he was campaigning And the first time GEJ entered a mosque was....? |
Politics › Re: APC Governors Visit Bola Tinubu At His Lagos Residence (Photos) by 2n2k(m): 12:06am On Nov 27, 2015 |
anonimi: The above action simply shows how UNCULTURED your Tinubu idol is. The OLD building is part of Fajuyi LEGACY. If anyone wanted to do anything meaningful it would be to RESTORE the house to the exact state it was when Fajuyi was alive and organise TOURS for school children as part of practical HISTORY lessons, making the house a MINI museum for other (paying?) visitors. That way our SENSE of history, legacy and Fajuyi's contribution thereto is REINFORCED for posterity.
In short, your Tinubu made sure (un)wittingly that Fajuyi's name DIED further by that singular act while his own JagbaJantis name increased in prominence. Get it 
If you don't get it, please reflect on the historical, curiosity VALUE and attraction of the car & palace below. Cheers.
Below are more pictures to enable you better UNDERSTAND the point I am making. Was Lugard's family house in UK preserved the way his official quarters in Lokoja was preserved? Of what historical/political significance is an uncompleted personal house of Fajuyi in Ado-Ekiti (he didn't complete it before he was killed). The govt house in Ibadan from where he governed and was abducted is more significant in this context. |
Politics › Re: Dolapo & Yemi Osinbajo Celebrate 26th Wedding Anniversary by 2n2k(m): 6:11am On Nov 26, 2015 |
Na who get the hand on Dolapo's waist? Surely, that wasn't Osinbajo's |
Politics › Re: Olufemi Olu-kayode Confirms Audu's Death by 2n2k(m): 8:08pm On Nov 22, 2015 |
chukwudi44: Hmm na waooo.I just hope Tinubu is not somehow linked to his death.The whole thing looks so how fishy to me.Putting Faleke on the seat would lead to ethnic backlash in the state.The only way to stop it will be if all the igala voters in Dekina come out to vote during the re-run I don't know the interpretation of the law that Inec will give to the situation at hand. If there is just going to be a re-run rather that repeat of the whole election, Wada/PDP has lost. Note that the 49,000 are the registered voters. Not all have their pvc. Out of those with pvc, not all will turn up. Out of those that turn up, not all are for Wada. |
Politics › Re: Breaking News : Apc Audu Abubakar Is Dead by 2n2k(m): 6:55pm On Nov 22, 2015 |
Section 181 of the constitution provides that where the Person duly elected as a governor dies before being sworn-in, his running mate will be sworn in. But Audu has not been declared as the winner. He was only leading in an inconclusive election. Section 181 cannot apply. |
Politics › Re: BREAKING NEWS - Audu Wins Kogi Governorship Election - Thisday by 2n2k(m): 2:23pm On Nov 22, 2015 |
Abagworo: So Igala has been ruling Kogi since 1999? I like fairness and hope APC and PDP field only Egbira or Okun candidate in 2019 for justice and equity. In Benue State too, the Tivs have not allowed Idomas to smell the governorship seat |
Politics › Re: Throwback Photo Of Senator Ben Murray-bruce by 2n2k(m): 6:38pm On Nov 06, 2015 |
Obama looks like him |
Politics › Re: Buhari Receives Ministerial Screening Report From Saraki (Photos) by 2n2k(m): 8:24pm On Nov 03, 2015 |
superior1: Dispatch Officer finish for NASS  The breach of protocol is spectacular. The Clerk of the Senate signed the conveying letter of the resolution of the senate and the whole senate president served as the courier for the letter. This is the first time Nigerians ever seen how the National Assembly resolutions reach the president. |
Education › Re: Esut College Of Medicine Students Asked To Vacate Hostel, Campus by 2n2k(m): 12:16pm On Nov 03, 2015 |
ElPhoche: I had the same thought as you, but when I went back and zoomed on the pix, I saw that the notice was dated today too, 3rd. I think that is unfair to the students. The first notice was dated 30th October 2015. The notice of 3rd November was a sort of reminder. Check again |
Politics › Re: Ex-Governor Goje Forged Assembly's Resolution To Collect N5bn Loan -EFCC Witness by 2n2k(m): 7:14pm On Nov 02, 2015*. Modified: 7:33pm On Nov 02, 2015 |
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Politics › Re: Ex-Governor Goje Forged Assembly's Resolution To Collect N5bn Loan -EFCC Witness by 2n2k(m): 7:11pm On Nov 02, 2015*. Modified: 7:35pm On Nov 02, 2015 |
demarc001: Listen to yourself, is it the party that committed offense or the man? Go arrest the party na Direct that to the posters on the first page who are criticising APC (may be because he now belongs to APC) rather than criticise the accused person. |
Politics › Re: Ex-Governor Goje Forged Assembly's Resolution To Collect N5bn Loan -EFCC Witness by 2n2k(m): 7:10pm On Nov 02, 2015*. Modified: 7:34pm On Nov 02, 2015 |
demarc001: Listen to yourself, is it the party that committed offense or the man? Go arrest the party na |
Politics › Re: Ex-Governor Goje Forged Assembly's Resolution To Collect N5bn Loan -EFCC Witness by 2n2k(m): 7:00pm On Nov 02, 2015 |
He committed the offence as a PDP governor. |
Politics › Re: 7 Retiring Board Members Of NERC Gets N2.7billion Severance Pay by 2n2k(op): 8:19am On Nov 02, 2015 |
If board members of an ordinary parastatal under the Ministry of Power can get this, how much will the topshots in the ministry of power that superintend NERC and many other organizations under the ministry get when they are retiring? |
Politics › 7 Retiring Board Members Of NERC Gets N2.7billion Severance Pay by 2n2k(op): 6:34am On Nov 02, 2015 |
The board of the Nigerian Electricity Regulatory Commission (NERC) has resolved to pay its seven members a total sum of N2.7 billion as severance and gratuity before their five-year- tenure ends in December. The tenure of the board, which started on December 22, 2010, ends December 22, 2015. The board is headed by Dr Sam Amadi, who is also the chairman of the commission that regulates the electricity industry. The chairman is to receive N400 million while the rest of the six commissioners are to go home with N380 million each, making a total of N2.7billion, a source told Daily Trust. The sum includes an upfront salary of two years in which they are not allowed to work in the power sector after leaving office. The costs of their official cars, telephone and electricity rebate allowances, among others, are computed into the sum tagged severance and gratuity. The board members said their predecessors were also paid, but another source from the commission faulted the argument. “The Electricity Act in section 36:2 bars the commissioners from working in the sector for two years starting from when they exited. It’s a standard practice even in other industries to avoid insider information abuse. They can work elsewhere anyway. “There is no provision for them to be paid for those two years. What they are planning now is a fraud. Also, in section 42:18 of the Act, the commissioners and staff of the commission are to be paid salaries as recommended by the National Salaries, Incomes and Wages Commission. “To the best of my knowledge, there have been no recommendations from the wages commission since 2010 when this board was instituted but there have been increase in their pay,” a source told Daily Trust. Chairman of the commission, Dr Sam Amadi, told Daily Trust last night that it was incorrect to say the commissioners were not entitled to severance and gratuity. He said the board was relying on Nigerian pension laws which provide for severance package for all workers in Nigeria. Though he declined to confirm the specific amount for the seven commissioners, he said it was based on the specific position of the individual staff, the commissioners inclusive. “We did not do anything outside of what the former commissioners approved. They approved severance package for themselves. It is not true that it’s not provided in the Act. It is a compensation for the two years the commissioners are barred from working in the sector,” he said, adding that other regulatory agencies also had such packages for their political appointees including the Security and Exchange Commission, National Communication Commission, NNPC and Central Bank of Nigeria. Amadi said the board had not sought for the recommendation of the wages commission but that NERC was empowered with the liberty to take the opinion of the wages’ commission or leave it. However, Daily Trust gathered that the sacked NERC board led by Ransome Owan was never paid gratuities but “salaries of one year and 11 months when they were in court and out of office”. The board had spent three out of its supposed five years when it was sacked over allegation of corruption. An administrator was appointed to head the commission for the period, a position not known to the law setting it up. “As the fraud case dragged long in court, the federal government through the office of Attorney General of the Federation negotiated an out-of-court settlement to enable it reconstitute the board. Part of that negotiation was to pay the sacked board members their salaries for the period they were out of office which amounted to N190 million each. This is different from what they are planning now,” Daily Trust was told. Package already with PFA “The commissioners have already benefitted three vehicles each in the past five years. They inherited the cars left behind by the last board. In a matter of months, they claimed the cars, citing depreciation and acquired new ones. In the gratuity and pension computed for the soon to exit commissioners, brand new SUVs are included among other sundry allowances,” a source said. In June, 2015, one of the commissioners, Mr Eyo Ekpo, resigned his appointment citing loss of confidence and focus by the commission’s leadership. A source with knowledge of the board’s resolve to pay its members the jumbo severance said the money had been warehoused with a pension fund administrator waiting to receive instruction for prompt payment. “The board is said to be mounting pressure for Mr Ekpo’s portion of the money to be paid, apparently to pave way for smooth payment of other members own,” he said. Daily Trust could not confirm if the movement of the money was done after President Muhammadu Buhari ordered government ministries and agencies to implement the Treasury Single Account (TSA). Paving way for cronies The commissioners are also plotting to have their personal assistants who came with them on appointment to be given permanent job status at top levels beyond their qualification, Daily Trust investigations further shows. Some of the assistants are relations and cronies of the commissioners, a source told Daily Trust. The development is causing disquiet among staff of the commission and other industry operators. The commission advertised for vacancies into 64 positions in 2013 and conducted aptitude tests nationwide, spending millions of naira to hire a job consultancy firm Restral Limited. The successful candidates were not given jobs, but Daily Trust gathered that the seven commissioners are now “bent on foisting their people on the commission which is currently in poor financial situation”. “Their plan is to leave behind their aides to be ratified as permanent staff in the commission in case they are not reappointed by President Muhammadu Buhari,” a source said. A commissioner’s younger sister who had been in school was brought in few months ago primed for one of the jobs, a source alleged, adding that some did not partake in the aptitude tests while others reportedly failed but are on the line to be employed. Amadi however faulted the claim, saying “It’s an internal vacancy announcement. The center for management development is to conduct the exams . No law says one’s sister or brother should not be in the commission. The past commissioners gave automatic permanent jobs to their aides but here, we are going through a due process.” http://dailytrust.com.ng/news/general/nerc-board-okays-n2-7bn-severance-pay-for-members/117428.html |
Politics › Re: New INEC Chairman: Buhari Is A Sectional Leader, Says Fayose by 2n2k(m): 5:01am On Oct 23, 2015 |
Eluwilussit: Please read the post one more time. Almost all the ex leaders selected inec chairmen from other regions. When northerners are there, they usually select Southerners. Jona selected a northerner. PMB should have selected a southerner. Fair play.
You have more southerners as chairmen simply because the northerners were c-in-c then. It is a very simple logic. That notwithstanding, I think we have to trust PMB. We gave him our mandate because we trust him. Let's keep the trust up. Really? Obasanjo was in power from 1999 - 2007. All the two Inec chairmen he appointed were southerners. Yar'adua could not appoint because the tenure of the one appointed by obj covered Yar'adua regime. During obasanjo first stint in power as military head of state, he appointed a southerner also in 1976. And don't tell me that those that obasanjo appointed are not from his geo-political zone because the one buhari appointed is not from his zone also |
Politics › Re: SGF, Babachir Under Fire Over ‘provocative’ Remark by 2n2k(m): 9:47pm On Oct 21, 2015 |
babestella: Why not take message and leave vanguard out of it. Someone must publish the story after all. You believe that Vanguard story is not a figment of imagination of Soni Daniel that wrote the fiction. He just second-guess what he thought would happen. Why didn't he name one or two of the so-called northern leaders that attended the meeting? What day did the meeting take place exactly? Was it the northern leaders that now leaked the story to him? |
Politics › Re: Senate suspends plenary till thursday: Acting clerk Nelson Oyewo by 2n2k(m): 8:45pm On Oct 20, 2015 |
seniorbros: If after 21 days after the submission of the list of ministerial nominees, the Senate fails to takes steps to confirm the any of the nominees, such nominee stands confirmed. That's what the constitution stipulates. They can keep on wasting time for all I care. 21 Working Days not calendar days. |
Politics › Re: President Buhari Removes Danladi Kifasi As Head Of Service by 2n2k(m): 8:35pm On Oct 20, 2015 |
Is this a sack or normal retirement? Kifasi will be 60 years on 1st January 2016 and should have started his 3 months terminal leave on 0ctober 1st 2015 in accordance with civil service rule. |
Politics › Re: Ministers To Lose Perks Of Office by 2n2k(m): 9:32am On Oct 17, 2015 |
NLC and TUC want restructuring of the ministries but no worker should be sacked. What then is the purpose of the restructuring if the over-bloated bureaucracy is retained? |