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Crime › Re: Three Ladies Caught Stealing In A Boutique In Uyo, Disgraced. Photos by 4Play(m): 9:18am On Dec 18, 2018

If it was Udom or Akpabio, they will be cheering them though.

1 Like

Politics › Re: Nigerian Army Used Heavy Duty 50 - Machine Gun On Shia Mourners In Abuja: by 4Play(m): 8:17am On Dec 18, 2018

qwertyboss:
If only you know the harm these Shia stuff of a thing are doing to Isam!

Just Imagine a Christian Cursing and saying words of blasphemy against Jesus and his Disciples,

Please will you consider such person as a Christian even if he claims to be one?

Will ever be at peace with such person, even having a day to celebrate and curse Jesus for instance?

May the Utmost Rath of God Almighty Desend on Shia people if they are not going to repent!!!

Always reasoning like barbaric people. So because you have theological differences as to how you understand Islam, the people you disagree with deserve to die.

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Politics › Re: Jonathan Caused Delay In Buhari Forming Cabinet, Says Presidency by 4Play(m): 6:51pm On Dec 17, 2018

By CLIFFORD D. MAY
Published: January 19, 1984

LAGOS, Nigeria, Jan. 18— Nigeria's new leader, Maj. Gen. Mohammed Buhari, swore in the members of his Cabinet today, warning them that the ruling Supreme Military Council ''will keep a keen and watchful eye on your performance, your style of life and general public conduct while in office.''

He said the new administration, which came to power after the overthrow of the civilian Government of President Shehu Shagari on Dec. 31, ''will not tolerate fraud, indiscipline, corruption, squandermania, misuse and abuse of public office for self or group aggrandizement and other vices which characterize the civilian administration of the past four years.''

Of the 18 ministers named, only 7 are career military men. The proportion surprised some Western diplomats here but essentially accorded with statements by Mr. Buhari in an interview on Tuesday in which he said ''only a small number'' of military officers would be named to top political posts.

Apparently responding to criticism in the Nigerian press over the pace of decision-making under the new military regime, Mr. Buhari said that ''the appointment of ministers has taken us some time because we had to undertake a deep search for competent Nigerians of proven integrity, a high sense of discipline, public probity and transparent honesty.''

http://www.nytimes.com/1984/01/19/world/cabinet-in-nigeria-installed-with-a-warning.html

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Crime › Re: Nurse Seen Brutalizing Her Daughter In Delta, Shun Neighbours From Interfering by 4Play(m): 6:45pm On Dec 15, 2018

Earthbound:
Spare the rod and spoil the child. Better to flog her now than let her grow up without sense and end up letting a yahoo boy use her destiny for riches all because of disobedience.

Parents, when you want to discipline your child(ren) don't use Nigeria-induced frustration to carry out whatever form of discipline you choose.

This culture of flogging and inflicting all sorts of violence on children in Africa has failed to produce less violent societies. It's more likely that flogging inculcates at an early stage the might is right mindset - this partially explains violence at every level of society (domestic, communal, e.t.c).

Past a certain age and level, physical punishment of kids is largely a waste of time.

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Politics › Re: Peter Obi Deletes Tweet On Direct $41B FDI To Nigeria by 4Play(m): 1:45pm On Dec 15, 2018

emerged01:
It is such a shame that the one who spent part of his life in school couldn't identify a senseless post when he sees one.
If you claimed the FDI generated was $4.1b in 2015,and in Obi's tweets,as at last year the economy attracted $12b. Tell me what point was he trying to make?

FDI inflows was definitely not $12bn in 2017. You are probably including portfolio inflows.

Net FDI inflows in 2017 was $3.5bn, $4.4bn in 2016, $3.1bn in 2015 and $4.6bn in 2014. This is according to UNCTAD.

So Peter Obi's figures are way wrong. Mind you, we used to have up to $8bn during the GEJ and Yar'Adua years so we have fallen off significantly. This is frustrating given that we should aiming for much higher FDI levels and not regressing.

[url]https://www.google.com/amp/knoema.com/atlas/Nigeria/topics/Economy/Balance-of-Payments-Capital-and-financial-account/Net-FDI-inflows%3fmode=amp[/url]

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Politics › Re: Ahead Of Nigeria's Election, Opposition Weaponises Soldier Deaths by 4Play(m): 7:49am On Nov 25, 2018*

contigiency:
You are a shameless lier, Buhari never said so. it was just a statement manufactured against him by PDP because it suited their campaign message at that time. And people like you who never reason helped PDP to propagate the information.

If you insist he said so, I challenge you to come up with evidence. either the video or where a recorgnised Nigerian daily quoted him when he said it.

Again, why would he say a thing like that when it was his people that are being killed by boko haram. Even with the way his government has killed the members of the sect, you still believe that stupid and unfounded statement.

The claim is derived from statements made in June 2013 and it has not been denied by Buhari. Though there have been attempts to clarify it by claiming he was directing his criticism against the state of emergency:

Congress for Progressive Change (CPC) National Leader, Maj. Gen. Muhammadu Buhari, has criticised the declaration of state of emergency in Adamawa, Borno and Yobe States and the subsequent military offensive against the Boko Haram Islamic sect.

Buhari, who featured on the “Guest of the Week,” a Hausa programme of the Kaduna-based Liberty Radio, yesterday said the federal government’s action was a gross injustice against the north.

According to him, unlike the special treatment the federal government gave to the Niger Delta militants, the Boko Haram members were being killed and their houses demolished.

http://www.afripol.org/afripol/item/1205-buhari-military-offensive-against-boko-haram-anti-north.html

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Politics › Re: Atiku Must Tell Us Who He’s Planning To Sell NNPC To - Bismarck Rewane by 4Play(m): 9:55am On Nov 20, 2018

NNPC's privatization is long overdue notwithstanding people's concerns about what this will entail in practice under a corrupt man like Atiku.

To me, the concerns embody a somewhat false choice - that a sale of NNPC will enable the corrupt take over NNPC. It's false because NNPC is already a cash cow for the corrupt. If a president Atiku wants to embezzle from NNPC, he could more easily do so leaving it as it is. Privatization doesn't significantly change the status quo in terms of corruption.

It could enable the government generate a one-off cash influx from the sale which will enable us pay down debt as well as ushering in a more efficient and competitive private-sector led petroleum industry.

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Sports › Re: Okocha Better Than Messi, Cristiano Ronaldo - Sam Allardyce by 4Play(m): 11:06pm On Nov 14, 2018

Saying there is no footballer like Okocha is not the same as saying he is better than Messi and Ronaldo. There is no one like Marouane Fellaini but that doesn't mean he is the best footballer.

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Politics › Re: The China Rice Scandal That Nailed Osinbajo - Full Report by 4Play(m): 3:16pm On Nov 13, 2018

xtravanganza:
I don't need convincing anymore.... I don't care about their achievements or fraudulent acts... my mind is already made up....
#atikulated

So it's Atiku who is going to tackle corruption? The Nigerian political class is corrupt, whoever is in power. Ejecting GEJ from office did little or nothing re the fight against corruption, neither would removing Buhari.

I think we are too far gone down the corruption route. The best we can hope for is incremental change on the anti-corruption front whilst electing economically literate and competent politicians.

You still have to wonder at the cold-hearted mindset of people who steal from IDPs.

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Business › Re: Real Reason HSBC And UBS Exited Nigeria! by 4Play(m): 10:43am On Nov 10, 2018

What this reminds me of is the Abacha era. Every rebuke by a western organisation was spun by pro-government propagandists as an indication of the sterling efforts Gen Abacha was making to wean us from the iniquitous corrupt west. Anyone who remembers newspapers like New Nigerian will appreciate the similarities.

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Politics › Re: Revenue Collection Hits N4.3trillion, Says FIRS by 4Play(m): 10:32am On Nov 10, 2018*

These figures are presented with no context to convey the impression that all is well. Here is an article on 2013 and 2014 figures when the exchange rate was N155 to $1:

FIRS generates N4.69tn revenue in 2014
By BusinessNews Staff on January 31, 2015
The Federal Inland Revenue Service (FIRS) said on Thursday that it generated N4.69 trillion from taxes for the federal government in 2014.

FIRS said in its Quarterly Revenue Report issued in Abuja that the figure surpassed its target for the year by about N400 billion. The report showed that the 2014 revenue was about N106 billion less than that of 2013, which stood at N4.80 trillion.

[url]http://businessnews.com.ng/2015/01/31/firs-generates-n4-69tn-revenue-2014/ [/url]

So N4.8 trillion in 2013 and N4.69 trillion in 2014 at exchange rates of N155 to $1. Remember that an exchange rate of N305 to $1 will inflate the nominal naira value given that a huge chunk of the tax revenue includes petroleum profit tax. $1bn in 2013 petroleum profits equates to N155bn but becomes N305bn in 2018 more than offsetting much of the fall in oil prices.

Edit: I appreciate thread refers to revenue over 10 calendar months but the exchange rate differential still contextualises the figures.

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Business › Re: Real Reason HSBC And UBS Exited Nigeria! by 4Play(m): 9:55am On Nov 10, 2018

Here is a simple experiment: Type into Google the name of any major international bank followed by the words 'money laundering'. Whether it's Goldman Sachs, JP Morgan, Credit Suisse, Barclays, e.t.c; all have a news link relating to a money laundering scandal. Are we then going to say that all major international banks should not operate in Nigeria as Nigeria is too honest a country for such banks to function? HSBC and UBS operate in numerous well functioning countries, yet Buharists want us to believe that we are too honest for them.

The problem with the pro-Buhari crowd is that their attempts to portray a failed government as competent keeps running up against the obstacles posed by reality. Unable to use their usual tactic of denouncing critics as IPOB or PDP, they have resorted to scouring the internet looking for negative news stories about HSBC and UBS. Desperate stuff.

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Politics › Re: John Ogunjobi Stabbed To Death In London. Photo by 4Play(m): 1:15pm On Nov 09, 2018

lebete3000:
I hope Xenophobia against Nigerians isn't cryptically ongoing in the UK as well.

There is no xenophobia, there is a large contingent of children of Nigerian descent getting sucked into the London gang culture. Sometimes, innocent teenagers are killed but most of these people are teen gangsters.

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Politics › Re: Shed No Precious Tears For HSBC And UBS by 4Play(m): 10:35am On Nov 06, 2018

You people and your low-intellect arguments. HSBC and UBS operate in every developed country and newly industrialising country. Whether it's Japan, South Korea, Indonesia, Brazil, e.t.c. Do you seriously think that Nigeria is so honest and uncorrupted that these banks can't function here?

You guys seriously think HSBC and UBS need to set up physical infrastructure in Nigeria to help loot money from Nigeria? They can easily do this electronically. What you are seeing is an erosion of investor confidence in Nigeria and the exit of these banks exemplifies this. Don't try and portray bad news as a victory for Nigeria.

If you want to address looting in Nigeria in relation to forex flows, you need to ask yourself why the government maintains multiple exchange rates. A highly connected person can get $1m with N305m at the official rate and sell it at N360m at the market rate. Theft is occurring right in front of us and you guys are rejoicing at news that international investors are leaving Nigeria.

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Politics › Re: It Is Sad That Two Global Banking Giants Are Leaving Nigeria - Atiku Abubakar by 4Play(m): 10:20am On Nov 06, 2018

Nigeria is doomed given the quality of the arguments here and it reminds me of the movie, Idiocracy https://m.imdb.com/title/tt0387808/

It's also an illustration of the point that a little bit of knowledge is a dangerous thing. With any longstanding major international company, particularly banks, a cursory search on Google will provide news articles linking them to one legal/financial penalty or the other. It will be utterly crass to then argue that one must rejoice anytime a major international company flees Nigeria as this represents victory for the government's purported anti-corruption fight.

Are we seriously saying that Nigeria is too clean and honest for HSBC and UBS to operate by comparison to the UK, China, Singapore, Japan, Germany, e.t.c where these banks are operating? Imagine the brazenness of the idiocy and ignorance it takes to advance these views.

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Education › Re: Covenant University Would Produce A Nobel Laureate Before 2022 - Oyedepo by 4Play(m): 7:46pm On Nov 05, 2018

Bold claim to make for a Nigerian university. The combined Nigerian intellectual talent at elite universities in the west - Harvard, Yale, MIT, Oxford, Cambridge, e.t.c - have yet to produce a Nobel laureate (apart from the Soyinka aberration).

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Politics › Re: FACTCHECK By Budg IT In Response To Vp Prof. Yemi Osinbajo's Claim by 4Play(m): 9:45am On Oct 31, 2018

abes:
The debt as at June 2015 is $63bn which is N12tr using N196/$ according to the document from DMO, let's assume the government decides to settle that $63bn TODAY (using the current exchange rate), how much in Naira do you think the government will pay? Is it the same N12tr?

You or anybody should answer this first before I continue.

The government will pay the external debt in dollars at $22bn and local debt in naira at N16 trillion.

The N12 trillion of June 2015 is N22 trillion in June 2018. Considering that the government's non-oil tax revenue is in Naira, it has put itself in a difficult position.

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Politics › Re: FACTCHECK By Budg IT In Response To Vp Prof. Yemi Osinbajo's Claim by 4Play(m): 7:10am On Oct 31, 2018

CilicMarin:
You were busted by the Premium Times, so quit hiding under Budget IT to hide your false propaganda mission for an ethnic party called PDP..

It will be like the government of Zimbabwe or Venezuela claiming they haven't borrowed much because the dollar value of their debt has shrunk as their currency's exchange rate collapses.

The Naira's exchange rate used to N1 to $1. If the Nigerian government borrowed N1bn in our local bond market at that exchange rate the dollar value would be $1bn. When the Naira falls to N305 to $1, it means the dollar value of the debt falls to circa $3m. This would be nothing to brag about though.

If they prefer to use the dollar value, why borrow more in dollars (foreign loans have more than doubled in the last 3 years) and why do they have an official exchange rate N305 which is much higher than the market exchange rate of N360?

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Politics › Re: Governors Agree To Pay N22,500 As Minimum Wage by 4Play(m): 6:42am On Oct 31, 2018

Public sector wages are a huge strain on government, with many state governments struggling to pay the present N18k minimum wage. Nigeria cannot afford a public sector wage rise.

Government exists to maximize welfare for all Nigerians not just those who work for the government. The higher the public sector wages, the more borrowing this government has to do leaving nothing for the rest of the population. The government reportedly spends 70 percent of its revenue just servicing debts at a time oil prices have rallied from the lows of 2015/2016.

In 2017, Nigeria’s debt service to revenue ratio ballooned to a record high of 69 percent that implies that for every naira earned, the country spends 69 kobo servicing debt, leaving just 31 kobo to spend on infrastructure or educate its rising population. The new US$2.8 billion borrowing, which is expected to come at a higher yield than previous borrowings, will put further pressure on the already high debt service to revenue ratio.

https://www.herald.co.zw/nigeria-fiscal-situation-signalling-a-debt-crisis/

For those who say corruption levels justify wage increases, this is a flawed argument. Corruption doesn't mean we should engage in fiscal recklessness. Perhaps, the trade unions should join the fight against corruption by taking industrial action to force the resignation of corrupt officials. You don't fight corruption by asking corrupt politicians to give you your share - which Yar'Adua and GEJ did by increasing minimum wage from N5k to 18k. You fight it directly by making it and practitioners of corruption the focal point of industrial action.

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Politics › Re: Buhari Inherited $63b Debt, Borrowed $10b - Osinbajo by 4Play(m): 7:37am On Oct 29, 2018

Mangreat034:
I dont believe this administration borrowed only $10b (3.6 trillion naira)

The VP is being disingenuous by using the dollar to report our debt. Most of the government's borrowing has been in Naira, so as the Naira lost value, it makes the debt value in dollar appear smaller.

A debt of N155bn in 2014 equates to $1bn then and around $500m today (using the official exchange rate). So even if you double the debt by borrowing another N155bn making it N310bn, the dollar value of the debt is still circa $1bn at the official exchange rate, even lower if you use the market exchange rate.

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Education › Re: 161 students bag first class from Nigerian Law School — highest ever by 4Play(m): 11:32am On Oct 27, 2018

onyidon21:
UNN was represented by 20 first class and not 13 please

Is there any internet source for this information?

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Education › Re: 161 students bag first class from Nigerian Law School — highest ever by 4Play(m): 11:28am On Oct 27, 2018

Is it just me, there is nothing in the link that gives a breakdown of the universities the first class holders graduated from?

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Politics › Re: Best Option For Southwest Is To Vote PMB/PYO Comes 2019 To Avoid Maginalised by 4Play(m): 6:45pm On Oct 15, 2018

gbolah1:
Fellow southwestern, after carefully observation on the politics going on within the country presently. It will be a good n better option for all the southwest to cast there vote for APC and PMB/PYO comes 2019 presidential election. If we look at the current power broker presently, southwest leaders are holding major position in the current administration compare to jonathan era. Which is affecting the development of the region positively now.
Align with Atiku/Obi in 2019 may slow down the current development benefit the region is enjoy now.
We must all think deep before we conclude on whom to cast our vote for.
APC government as some lapses but they are not as bad as people on social medial proclaim them.
Let the southwestern think deep before we make a wrong decision so that we willnt start shouting marginalised again.

A likely scenario: In 2023 when it's time for the North to reciprocate and hand over power to a Yoruba, the North will line up support for a Northern presidential candidate who will pair with an Igbo VP. 2019 is more a test run for 2023, I think people should start getting used to perpetual Northern rule which was effectively the default position from 1960 to 1999 (save the aberrations of the untimely deaths of Balewa and Murtala Mohammed).

I think the energy you exert on behalf of your tribal political campaigns could be better channelled towards promoting good governance. The sprinkling of infrastructure projects/political appointments that may come your tribe's way is no compensation for the immisering poverty a bad government unleashes. Ask the North or the indigenes of Abuja who have been the 'beneficiaries' of FG largesse. The fertility rate of the average Nigerian woman is +5 kids; no amount of tribal politicking will remotely offset the sheer scale of the demands on government.

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Politics › Re: Tinubu/apc Yoruba Supporters Are Very Disappointed Now by 4Play(m): 8:41pm On Oct 12, 2018

OlaAshawo:
[s][/s]
more trash
more than 10 of my yeroba colleagues are happy with Atiku

Tinubu's urchins highest can only muster 50% votes

SW never gives bloc votes you know that

Ironically, not giving bloc votes speaks highly of South West. It shows they don't exhibit herd mentality, notwithstanding the impression Buharists may seek to convey.

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Crime › Re: 15-Year-Old Girl Rebuked For Sleeping With Cult Boys In Delta State. Photo by 4Play(m): 5:46pm On Oct 03, 2018

I suppose the 'boys' sleeping with her are beyond moral reproach.

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Politics › Re: Minimum Wage: NLC Begins Nationwide Strike Today by 4Play(m): 6:24am On Sep 27, 2018

joeyswift:
Is it not annoying that a lot of graduates receive below 40k in Nigeria, while school cert politicians swims in millions monthly. Even if they can't make minimum wage 50k, they should negotiate to a reasonable 35k

Governments at all levels - local, state and Federal- are struggling to pay N18k minimum wage and you want that doubled. This is a waste of time as the days when the FG could accommodate such demands are long gone.

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Business › Re: Oil Price Jumps As OPEC Keeps Output Steady, Hits Four year High by 4Play(m): 12:48pm On Sep 25, 2018

theoldpretender:
1.See my point 4.
2.Somehow....Bubu did save something even with low oil prices.(which is why some of us are annoyed with GEJ for not saving). But the thing is GEJ found it harder to save because we had to pay for subsidy and we also had to keep the naira afloat. Bad economic practice...but even if GEJ saved, and even with Bubu saving...that does not mean Bubu is running a good economy. Saving only keeps the evil day away. Had GEJ saved....it would be good...but our economy would have still been bad

You are being disingenuous if you claim that Buhari saved money. If by savings you mean the increase in forex reserves, this is inexcusably naive. At significantly depreciated exchange rates, of course you can accumulate higher forex reserves due to increased constraints in Nigerians affording imports. It's like cutting the feeding of your children and proclaiming that you have saved money as a result as their malnourishment increases.

So, comparing forex reserves at different Naira exchange rates is misleading: it is why Abacha oversaw an increase in reserves of nearly 1300% at one point as the value of the Naira imploded and poverty rates skyrocketed.

The original point made in the first page still stands: the rise in oil prices exposes the lies popular in the GEJ era suggesting that there was this vast pool of oil revenues being pilfered at the time (remember Sanusi's missing $20bn) and which, once Buhari is elected, would become available for welfare policies. There was never any such money.

This is not to absolve GEJ of responsibilities. As with every Nigerian president, he was venal and incompetent. The biggest policy error in his time was the increase in public sector wages - it is this that constituted the biggest expenditure in government budgets undermining the government's ability to balance the budget. This became more acute as oil prices collapsed.

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Crime › Re: Top5 Popular Countries With Highest Rape Cases by 4Play(m): 5:01pm On Sep 16, 2018

Mizwisdom:
UK & US?!

That is because of good data collection. How many women/girls in Africa will feel confident to report to the police?

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Politics › Re: Kemi Adeosun No Match For Ngozi Okonjo Iweala. by 4Play(m): 1:38pm On Sep 15, 2018

LordAdam:
Bla Bla Bla Bla Bla...

NOI is winning. Adesina is winning. GEJ is winning. Amina Mohammed is winning. Heck even Dasuki is winning in the courts.

Adeosun is a riff-raff. Always has been. Always will be.

Buhari is a failure. Always has been. Always will be.

And your opinion of NOI is inconsequential to me, most Nigerians, Twitter, Standard Chartered, GAVI, the International community et al. Always has been. Always will be.

Better start warming up, Ojota trekking would soon resume for you guys.

-Lord

The hilarious thing is that defenders of Ms Adeosun forget that she was Commissioner of Finance for Ogun state from 2011 to 2015, a time of high oil prices and the consequent high FAAC allocations, and finished her tenure with Ogun state requiring a FG bailout package and owing workers' salaries. This is a state that had the good fortune of being next to the economic capital of Nigeria.

She went on an unsustainable borrowing spree in Ogun state which backfired. There is a lot of talk of her increasing IGR, but an increase in income matched by an excessive increase in expenditure (particularly debt obligations) is incompetence writ large.

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Politics › Re: Opinion: Kemi Adeosun Should Not Be Blamed! by 4Play(m): 7:42am On Sep 15, 2018

Emmy35:
We need to correct the system and not prosecute the victims.

A perpetrator of forgery is not a victim but a criminal. What is appalling is this criminal culture enveloping Nigerians, where illegal behaviour is excused because our system is difficult.

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Politics › Re: Opinion: Four More Years Of Buhari? Nigeria Deserves Better by 4Play(m): 9:41am On Sep 09, 2018

dingbang:
It will now look as if Nigerians cannot produce a sensible person to lead the country

If you look at all levels of government - federal, state and local; incompetence and corruption are common themes. Same goes if you look historically at the leaders we have had. This should tell you that Nigerians are the problem. Our leaders are a reflection of us.

One thing about unintelligent people is that they learn the hard way. We will make progress over the long run, but not until we have committed many grave avoidable errors in the first place.

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Politics › Re: Chinese Loans: Oby Ezekwesili Reacts On Twitter But Got This by 4Play(m): 9:09am On Sep 07, 2018

The cognitive dissonance is hilarious. Witness Buhari supporters arguing in effect that the Buhari government - particularly the responsible ministers in Fashola and Amaechi - don't possess the competence and integrity to be entrusted with loans hence the Chinese model of lending (where no money is actually given to the borrower) is optimal. On the other hand, you have GEJ supporters who praised this type of borrowing from China during the GEJ era claiming that such borrowing is a mark of ineptitude.

My view is that Nigeria's debt sustainability profile is precarious and does not support taking up such loans. This is pertinent given the absence of structural reforms that will keep the economy growing now and in the future. Our saving grace is the mini revival in oil prices we have had in the last year or two which has given us a bit more fiscal wriggle room. Another drop in oil prices, and we will be tipped into a more severe crisis than what we recently experienced.

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