Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo - Politics (5) - Nairaland
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| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by FisifunKododada: 11:19pm On Oct 17, 2018 |
sanpipita: Guy even IF I have a problem with Buhari does that now mean I will now want to elect perhaps the biggest financial criminal of the last two or three decades? The idea of Atiku or Atikulooting is a sick fvcking joke. This guy looted customs to the fvcking ground. Billions disappeared...just like that. So I am now expected to pretend that this did not happen? I am supposed to be Atikulooting? No fvcking way! 5 Likes |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by vectorc(m): 11:34pm On Oct 17, 2018 |
''Yesterday, a primary school social studies teacher decided to test his students’ awareness of political development in the country. What is 1 +1? The teacher asked Aisha. Two, responded Aisha. Good, said the teacher. What is the sum of Buhari + Osinbajo? Slow but steady, responded the student. The teacher then asked, what of Atiku + Peter Obi? Corrupt dude trying to buy integrity said Aisha.What? Asked the teacher. What is rotten is rotten, you can’t buy integrity, Aisha said, without a flinch. The moral of this exchange is that even primary school pupils know that if you don't have integrity, you have nothing.'' plz is it just me or did anybody read this part of the writeup? It lost it's integrity right here for me! 1 Like 1 Share |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by declaro(m): 11:35pm On Oct 17, 2018 |
Lot13: That is your opinion, our opinion is to send strong signal to all politicians that getting two term can only work if you work for the good of all Nigerians. Buharia has failed, no right thinking person should vote for him. We all have to join hands and vote him out and let another person continue. If Atiku fail us we will send him home in the next four years. |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by vectorc(m): 11:37pm On Oct 17, 2018 |
CilicMarin:plz is it just me or did anybody read this part of the writeup? It lost it's integrity right here for me! |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by jeff92: 12:39am On Oct 18, 2018 |
Lot13:shut up my frend who is poor |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by okekefabi(m): 12:45am On Oct 18, 2018 |
You mean you are not yet Atikulated? |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by millomaniac: 1:40am On Oct 18, 2018 |
Viking007: you and mumu nigerians right now
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| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by CHU1000(m): 2:19am On Oct 18, 2018 |
No matter what they say.. ATIKULATED !!!!!! |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by jpphilips(m): 2:21am On Oct 18, 2018 |
A lot have been said about Buhari, how he brought hardship on Nigerians, how he is responsible for all the suffering in Nigeria, is that theory backed with facts and global economic realities or the shenanigans of few individuals basking in the Euphoria of ignorance? Since I must make a choice between our present loud political gladiators, I armed myself with Economics textbooks and news archive, here is what i discovered. Nigeria an oil producing and oil dependent economy suffered a global economic hit called crude oil price shock it is the sudden drop in price of crude oil in the commodity trading market, it has occurred at different times in History nearly every decade. Countries that are hardest hit by crude shock are basically countries that not only produce crude oil in significant amount but solely depend on it as their foreign exchange earner. While oil shocks have asymmetric effects in oil-exporting developing countries; lower oil prices lead to major revenue cuts and ensuing stagnation in the economy, but higher oil prices and accompanying higher revenues do not translate into sustained economic growth. What are the effects of crude shock in oil producing developing economy? Forex scarcity: Most developing economies whether oil producing or not depend on importation to survive, where foreign currency becomes scarce, industries, individuals that have significant need for forex will likely close shops giving birth to the second problem unemployment then finally the master Recession. Unemployment: When industries no longer have forex to buy spare parts, can no longer afford raw materials, production slows, sales slows, profit eroded, workers sacked, since the volume of activities in the economy is directly proportional to the GDP, the GDP contracts and birth another economic monster Recession. Recession is a chain reaction of unpalatable economic events that shows the economy is not experiencing growth but contracting, lets look at the effects of recession, high energy cost (energy in most developing economies are subsidized one way or another) crude shock and eventually recession erodes government revenues till a point where it could no longer afford subsidies and other things it used to afford. In Nigeria where our Electricity Generation companies are subsidized, petroleum products are subsidized,you will understand that such partial or complete subsidy removal will quickly skyrocket the cost of living generally, transportation, cost of food etc are equally affected that leads to another monster called Inflation. Inflation: is defined as a phenomenon where huge bills are in search of few goods, how is that possible? when the industries that produce goods closed down, imports could not be sustained due to Forex shortages where will the goods come from? the absence of those goods while the bills remain triggers inflation, causes hunger and eventually poverty and devaluation of local currency. Devaluation is when global reserve currencies trade higher than your currency, of course you recall that an economy in crude shock first suffers Forex shortages, that robs the central bank (in the case of Nigeria) the ability to fix the currency at a reasonable exchange rate. The local currency is allowed to float along a band the cbn thinks may not be too hurtful to the economy. Forex ban is placed on certain commodities, debit cards like Visa, Mastercard et al are all placed on monthly transaction limits as a reflection of the reality of forex shortages. Between 2015-2018, all these happened in the Nigerian economy, then I asked "are we the only oil dependent economies in the world? why us alone? The answer took me to several countries in the world and I realized that other oil producing countries dont depend on oil alone, countries like Russia though the largest producer of crude oil in the world, has a robust defense industry that contribute significantly to its GDP, Russia equally enjoys large market shares in Gas distribution in Eurasia, by the time crude oil shock hit, Russia had over $400b in reserves, It became clear that the only economic move that could hold off crude oil shock and other global economic shocks is a robust foreign exchange reserves (Savings). Permit me to take us down our economic history, in 2008 during the global melt down, the then CBN governor prof. Chukwuma Charles soludo bragged that the Nigerian economy is immune to global shocks? That would have sounded ridiculous but it is true, what did he do? they launched an economic strategy called National Economic Empowerment And Development Strategy NEEDS. This strategy recommended that once crude oil is sold, the balance above the budget benchmark is kept in an account called the ECA, by the time that government left and another took over in 2007, both the ECA & Foreign reserve account held over $68b in reserves, in a $200b economy at the time, that reserve was significant enough to whither any storm that comes the way of our economy, Much later into the crisis, Nigeria later relaxed its exchange rate to 155 to a dollar. now we know that Nigeria had in the past stood resilience in the face of global shocks with a culture of Savings. Fast forward to 2015, The top four producers of crude oil in Africa by their production, Nigeria, Angola, Algeria and Egypt were all in recession even though Egypt does not significantly depend on oil but her economy was shattered. Algeria escaped recession because by 2014, just like Nigeria in 2008, Algeria had a foreign reserve balance of $90b in a $156.1b economy.You can see that the Robust reserve of Algeria was their savior in this modern crude shock era. The previous administration in Nigeria boasted of leaving behind a paltry $19b for a $500b economy at the time, that amount is not even enough to pay for imports let alone absorb global economic shocks, so Nigeria can be rightly described in late 2014 as an oil dependent economy with no savings. How important is this savings? Lets take our research to the Second largest producer of crude oil Angola, just like Nigeria with no significant savings, Angola's challenges needs no introduction, let facts speak for itself Angola suffered severe Forex & currency challenges just like Nigeria. According to Bloomberg They not only devalued their currency, they equally allowed it to float like Nigeria's Angola devalued its currency as the OPEC member sought to revive an economy still reeling from the oil-price crash four years ago. The kwanza fell 11 percent to 187.95 per dollar by 3:35 p.m. in Luanda and depreciated 10 percent to 221.75 against the euro. The move came a day after the central bank allowed the currency to weaken in its first auction of foreign exchange since announcing it would end a dollar peg that’s been in place since April 2016.....Bloomberg Borrowing to fund Budget deficits, just like Nigeria, Angola has borrowed to the point of requesting a bail out from the IMF https://www.vanguardngr.com/2018/08/angola-says-to-request-4-5-bn-imf-loan-as-crisis-lingers/ Unemployment Rate in Angola increased to 20 percent in 2017 from 19.90 percent in 2016. https://tradingeconomics.com/angola/unemployment-rate Inflation in Angola was a whooping 23.67 percent in December 2017, data on the national statistics agency's website showed on Wednesday. Price growth on a month-on-month basis rose to 1.47 percent in January from 1.2 percent previously. Poverty in Angola According to Angola's 2001 MPI, more than 77% of the population was multidimensionally poor. ... The latest available World Bank figure for income poverty in Angola, from 2008, shows that 36.6% of the population is income poor. Angola's population is currently estimated at 29.7 million. I can go on and on the list is endless, as a matter of undeniable fact, Angola just like Nigeria are the largest producers in Africa, they practically did not save enough and they were hit hard by crude price shock. to balance the analysis, it will be unfair to discuss those that didn't save without giving kudos to those that saved, like i said previously, Algeria save a whooping $90b when the going was good, as such its economy was immune to crude shock. Russia like we said though had currency challenges during the period under review ostensibly because of western sanctions, Russia had over $400b in reserves by ending of 2014. Saudi Arabia was immune to crude shock not without little currency & subsidy issues ostensibly because of its huge financing of the war in Yemen, they were sitting on a comfortable $732b by the end of 2014. Some even blamed it on Avengers attack of 2016 Niger delta avengers was a non issue, if you noticed, I expunged them from my analysis, here is why; You were in crude shock from late 2014, Avengers struck in 2016, since 2014, your GDP wasn't showing any growth but retrogression or doldrums meaning you were heading towards recession anyways as a result of crude shock. If Avengers did not strike, OPEC would have asked us to cut production to boost prices, read: https://www.bloomberg.com/news/articles/2016-09-28/opec-said-to-agree-on-first-oil-output-cut-in-eight-years So Avengers or any form of production cut at the time was a non issue. Nigerian people, what is your present government doing to stem this tide that has shocked the fabrics of our nation to the Marrow? The vice president being the economic manager of the country Launched the EGRP, with it Nigeria even in recession was able to save $47b in our foreign reserve, at this pace, I have no doubt that this money will hit $100b in the next 4yrs, that is a guarantee that our economy will become immune to global shocks, not just crude shocks. (Algerian model) The moment that money crossed $40b, forex shortages disappeared, importers stopped complaining, debit cards relaxed their limits etc, that was a killer stroke in our economic recovery strategy.inflation has responded to the potency of the EGRP to 11.23% from 18.8%. Nigeria is building a Gas liquefying plant called the NLNG train 7 project, that will in a way increase revenue from Gas against depending on oil alone, there are other ongoing Gas projects like the AKK projects and other Gas for power projects (Russian model) https://www.vanguardngr.com/2018/07/nnpc-signs-agreement-for-seven-critical-gas-projects/ In conclusion, I can state for a fact that the economic challenges of this country has nothing to do with Buhari under the circumstances he met on ground, we have a chance to fix culpability of blames where it rightly belongs on crude shock, or replace this government whose framework seems promising with another leadership of questionable integrity. past government whose inaction landed us in this mess in the first place. A leadership in the past that we tasked to privatize our industries, all failed save for the one that ended up in his pocket, yet he claimed to create Jobs? How many jobs were lost in that privatization scam where 56 government entities perished? Where is our NITEL, ALSCON, Nicon Insurance to mention a few? Leadership that claims to create jobs but his company PRODECO folded up? Leadership that claim to create jobs yet it was Buhari that sacked foreigners littered everywhere in his company, does an ordinary logistics company need that much foreigners? Leadership that is a case study for corruption and money laundering by the US Senate committee on Homeland security, Leadership that preaches restructuring but but enjoys monopoly in Niger delta sea ports? Atiku is a walking scam, may we not walk into the scam called Atiku because of lie peddled and perfected by the same holocausts that landed us in bondage, every scam comes with a loud noise, say No to Atiku......... You have my express authority to circulate at will 5 Likes 2 Shares |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by fof1: 2:34am On Oct 18, 2018 |
CilicMarin: U ARE AS SILLY AS UR WRITE UP. U ARE NOT BETTER EITHER. CONE AND FRAUDULENT POLITICIAN UR MOUTH. U WERE CONNED BY ATIKU? FOOLS OF PARADISE. |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by Nobody: 4:40am On Oct 18, 2018 |
CilicMarin: This country has no hope going by the comments of the youths on this forum. It's evident that their souls have been battered by poverty and have decided to sell the last crumbs of their conscience to Atiku, a well known BANDULU. 4 Likes 1 Share |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by mctowel01: 6:02am On Oct 18, 2018 |
Beremx:What a waste. Someone choses to sacrifice his peaceful life nd family in the US to try to save the country, yet you disregard him for a serial rotten fraud. Even a 5 yr old could use google to know that Atiku lacks integrity. Atiku cannot help you or Nigeria and he really doesn't care about your ass. Well, the people deserve whatever leaders they get. . NB. I m looking for one of the idi0ts shouting atiku or Buhari to ce and ask me for money. The way I will insult you eh! you ll wish you rather never asked 1 Like |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by sanpipita(m): 6:39am On Oct 18, 2018 |
FisifunKododada: Do you have any evidence to this? atiku looted billions yet he is walking around a free man, you guys should find another brief, corruption thing ain't working |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by sanpipita(m): 6:40am On Oct 18, 2018 |
BMC working on overdrive, Nigerians beware. |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by Gabriel004: 6:46am On Oct 18, 2018 |
Pekele007:Ok, mr willing zombie |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by Udofia13(m): 7:04am On Oct 18, 2018 |
If atiku should lose next year election,
I think d next president should come
from Kogi or Edo, Christians and
Muslims have failed us. Let's try
witches and wizards.. 1 Like |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by meromero11: 7:36am On Oct 18, 2018 |
Bidobado1: Most don't know Atiku. A dangerous pervert and utterly corrupt business man. He once said in secret to a select few" If Nigeria were to be for sale, I would buy it immediately" and another " I need just one day as president to achieve my aim" Unfortunately, Buhari is a man damn too slow without a clear cut communication line between his government and the people. A government like this with the best intentions should be responsive to the cries and needs of the people. There should be palliative measures in place to cushion the painful effect of the long term planning. When you fight corruption, the corrupt people will take their ill gotten wealth out of circulation, hide it, fund the populace against the government, create crisis and present themselves as the best and "atikulooting" messiah. Of all politicians/leaders in Nigeria, Atiku particularly is not an option. Right now, a lot of the corrupt politicians, imams and pastors are cutting deals with him for their selfish interest not for our national interest(Atiku already living up to his corrupt reputation ahead of the main polls). We have better options in other candidates apart from Buhari(the fulani champion) and Atiku(the corrupt fulani man). 2 Likes |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by Pbank: 8:54am On Oct 18, 2018 |
Suffering and Smiling |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by Tareq1105: 9:21am On Oct 18, 2018 |
Pekele007: You're free to vote for your retired custom thief Atiku but be ready to accept responsibility for your actions. 1 Like |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by Tareq1105: 9:32am On Oct 18, 2018 |
sanpipita: Vote your Atiku and watch your children children lives mortgaged through massive looting by your Atiku and his cohorts 2 Likes |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by meromero11: 9:38am On Oct 18, 2018 |
The north is doing everything to protect it's northern interest by cajoling the South to vote either of their sons. Son's whose tribe is currently engage in the wanton massacre of the southern farmers. Are there no southern candidate to support? Even if the southerner doesn't win, at least the entire election results will be stalmated for the south to adopt the Omisore option/bargain for a viable and realistic southern interest. South please think deeply. |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by meromero11: 9:38am On Oct 18, 2018 |
The north is doing everything to protect it's northern interest by cajoling the South to vote either of their sons. Son's whose tribe is currently engage in the wanton massacre of the southern farmers. Are there no southern candidate to support? Even if the southerner doesn't win, at least the entire election results will be stalmated for the south to adopt the Omisore option/bargain for a viable and realistic southern interest. South please think deeply. |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by sanpipita(m): 11:12am On Oct 18, 2018 |
Tareq1105: Buhari and his cohorts have mortgaged enough already, tell us why lifeless deserves a second term and leave atiku alone |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by FisifunKododada: 2:23pm On Oct 18, 2018 |
sanpipita: You are not serious. You asking me to go and get documents. I also do not have documents that show IBB robbed Nigeria blind. But I KNOW he did. Guy leave dat talk. Atiku looted billions from customs. This happened way before he was even VP. So this is nothing political. It is something that was common knowledge back then among the families and employees of customs. Atiku worked in customs for about 20 fvcking years and became the Deputy Director before he retired in 1989. Even the people of Jada where he grew up know Atiku is a thief. 2 Likes |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by sanpipita(m): 3:07pm On Oct 18, 2018 |
FisifunKododada: Continue talking nonsense, is this the strategy they have given to you? lifeless has made life harder for Nigerians, they are more poor today and hungry, he should step aside let Atiku come and create job and give our economy life |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by FisifunKododada: 3:09pm On Oct 18, 2018 |
sanpipita: Guy I know Atiku. Go to the North and ask about Atiku. The first thing you will hear is how he stole billions from Customs. I am not interested in convincing you. I am saying as for me Atikulooting is a fvcking joke. Atiku will not improve the economy. Atikulooting will make the looting under GEJ look like a child's play. 1 Like |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by Grayxme: 3:42pm On Oct 18, 2018 |
A man that set up private investments only when he was in power at the detriment of the poor masses...Nigerians should beware because obviously Atiku does not have the interest of the masses at heart but rather he is out there for personal establishment 1 Like |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by sanpipita(m): 5:16pm On Oct 18, 2018 |
FisifunKododada: You know him from where? jail atiku if you have evidence he stole money and stop making noise, as long as 2019 is concerned Atiku over lifeless, we need a competent president not a clueless old hag. |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by sanpipita(m): 5:18pm On Oct 18, 2018 |
BMC creating new accounts to attack Atiku, wretched fools. |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by FisifunKododada: 6:44pm On Oct 18, 2018 |
sanpipita: I also do note have evidence that IBB stole billions BUT I know he did! I am voting Buhari. No Atiku for me. Haba na fight? sho?  1 Like
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| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by sanpipita(m): 8:42pm On Oct 18, 2018 |
FisifunKododada: Buhari made 16 years problem worse, that's the issue, and Nigeria didn't start 16 years of ago, most ppl within PDP 16 years are currently serving in this present govt, continue deceiving yourself its allowed |
| Re: Sorry Atiku, You Can’t Buy Integrity What Is Rotten Is Rotten- Churchill Okonkwo by FisifunKododada: 10:19pm On Oct 18, 2018 |
sanpipita: GEJ is still PDP, Mama Peace (a shameless thief) is still PDP, Saraki (another ole) is still PDP, Diezani (the Grand Matron of GEJ era looters) is still PDP, and all the other major looters from the GEJ era are still PDP or have returned to PDP. Please allow me to deceive myself. Telling me to vote Atiku is like saying jump out a plane without parachute. Sorry I am not interested. 2 Likes 1 Share
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