₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,330,104 members, 8,443,871 topics. Date: Sunday, 12 July 2026 at 04:38 PM

Toggle theme

4Play's Posts

Nairaland Forum4Play's Profile4Play's Posts

1 2 3 4 5 6 7 8 ... 54 55 56 57 58 59 60 61 62 (of 278 pages)

Foreign AffairsThe World Ends at 6PM on 21 May 2011 - Judgement Day by 4Play(op): 7:40pm On May 20, 2011
The world will end at 6pm tomorrow according to the followers of an evangelical Christian minister, who claims he calculated the date and time of 'The Rapture' by adding up numbers in the Bible.
Harold Camping, 89, is the leader of Family Radio, an independent ministry which spreads its word via a network on 66 radio stations and online broadcasts.
Camping has previously written a book called '1994?', in which he wrongly predicted the end of the world in that year, and was later forced to apologise for a mathematical error.
Read more: http://www.dailymail.co.uk/news/article-1388972/Judgment-Day-Rapture-Parties-planned-evangelist-Harold-Camping-predicts-huge-earthquake.html#ixzz1Mv4BtaZc
Foreign AffairsRe: Zimbabwe Women Rapeing Men by 4Play(m): 7:29pm On May 20, 2011
This is a BS story made up by a person, most likely a man, with a lurid imagination. A woman who wants semen for rituals can easily get laid with minimum fuss, without having to abduct her victims. Someone has been watching too much p-orn.
PoliticsRe: Is Sanusi Mad?. . Cbn Now Into Building Hotels? by 4Play(m): 11:58am On May 18, 2011
If this story, I haven't found any other web link to this story, then it further illustrates that we live in a banana republic. I think there is need for new legislation setting clear boundaries for the exercise of the CBN's functions.
PoliticsRe: Jonathan Directs Dangote, Others To Crash Cement Prices Within 30 Days by 4Play(m): 10:32am On May 18, 2011
Oloko Nla:
ok, so after he liberalizes the cement industry, your father-in-law will then provide for all the employees who will loose their jobs because excess capacity will breed serious low prices and our dear companies will then need to lay off people ya, then the cycle of crime spikes and pple like you will come on this board to yak about higher crime rates in the country! apply just a little bit of sense and stop making comments like some drugged out communist
Nonsense, the boom to the construction industry from the consequent lower material costs will more than over-compensate for the losses to our indigenous cement manufacturers. There are many building projects that have ground to a halt, with resultant job losses, because of ever escalating building materials costs. The idea that Nigerians have to pay inflated costs just to protect a few local manufacturers is ridiculous.

If our manufacturers cannot compete here on price with foreign imports, it's better we import. We tried these import substitution policies before and they didn't work then and won't work now. All they do is create a few rent-seeking highly connected billionaires at the expense of the average Nigerian.
PoliticsRe: "We Are Not Slaves" -Coca-Cola Pay Nigerian Day-Workers $2.60 Per Day? by 4Play(m): 10:21am On May 18, 2011
I always find those who speak with so much pious platitude about the inequities of wage compensation in Nigeria hypocritical. Almost every adult Nigerian is an employer of labour, even if for the briefest of periods. If you have gone to the mechanic, bought something in the market, hired a builder or a tailor, or gone to the barbers, e.t.c, you employed labour in such transactions. I'll bet you all these platitudinous people in their daily transactions will haggle the price they'll pay to the lowest they can get. None of them will pay any heed to the personal circumstances of the petty trader trying to sell them their wares at a marked up price.

These Coca Cola employees knew what the wages were before signing their contracts but they signed it nonetheless. To claim that their circumstances are analogous to those of slaves is an insult to our intelligence and the memory of actual slaves.

As for trade unions, they perform a laudable role in so far as they hold employers to their contractual and legal obligations. Where I have a problem with trade unions is where they continually demand ever escalating wages to the extent that the viability of their employers and the wage competitiveness of an economy is harmed.
SportsWill Nigeria Ever Stop Cheating? by 4Play(op): 12:02pm On May 08, 2011
Baron Pierre De Coubertin, the father of the modern Olympics, would have been laughed to scorn were he alive in present day Nigeria.

Coubertin's ethos emanates from a purist's conscience, one acutely aware that triumphs in sport are pyrrhic, if not built with the fundamental blocks of integrity and diligence.

His honourable view, that "the important thing in life is not the victory but the contest", does not resonate in the consciousness of our sports administrators. If it did, they would know that we, as a country, should bury our heads in shame and have nothing to celebrate over "winning" the African Youth Championship in South Africa.

Our "victory", on May 1st in Johannesburg, is a tragic testimony to our persistence in folly, as the Nigerian Football Federation (NFF) and Taoheed Adedoja, the sports minister, hosted a lavish gala for the Flying Eagles that "won" the championship with over aged players.

Two years have not even passed since the Golden Eaglets fraudulently earned a silver medal at the 2009 U-17 World Cup, with the Nigerian Football Federation knowingly including two twenty something year olds - Fortune Chukwudi and Stanley Okoro - in that squad.

Adokiye Amiesimaka, an elder friend and learned colleague, presented incontrovertible evidence to the country proving this. And, unsurprisingly, it has not been challenged to this day.

His revelation, made whilst that tournament was on, as I functioned as a member of the official FIFA delegation, stirred the hornet's nest, as the NFF unleashed their rabid attack dogs on Amiesimaka.

"How can a sane person write something like that at this time?" asked Taiwo Ogunjobi.

It is ironic that Ogunjobi, one of Amiesimaka's detractors at the time, whilst a board member of the NFF in 2009, is the one squirming under a criminal indictment in a Federal High Court that could see him end up in jail.

In contrast, Amiesimaka, a 1980 African Cup of Nations winner, served Nigeria with distinction, dignity and honour. And the man certainly has cojones. He is not shirking away from the onerous task of reminding us that Nigerian football's marriage to falsehood continues, making prescient remarks about the current Flying Eagles class.

"Stanley Okoro, for instance, has no business in that team. He cannot be anything less than 33 or 34 (and yes, he is the same player that was in the 2009 U-17 team!)."

"Olarenwaju Kayode was my player in the Sharks feeder team in 2002, and played alongside Fortune Chukwudi, so he cannot be less than 29 or 30, "

"Abdul Ajagun was one of the highest goal scorers in the league. He was in Command Secondary School in Kaduna and dropped out of school, in SS2, in the 1990s, and so cannot be U-20," Amiesimaka points out.

A culture of silence

Six years ago, whilst still a BBC journalist, I had documentary evidence, derived from two different passports, that Obinna Nsofor, currently on loan with English Premiership side West Ham, falsified his age whilst playing for Nigeria at the 2005 African World Youth Championship in Benin.

Privately confronting Ibrahim Galadima, the erstwhile Nigeria FA chairman, with the evidence, he ordered - and ensured - that the player be dropped from the team that went on to win a silver medal at the 2005 World Youth Championship in the Netherlands. It was a rare moment when truth prevailed.


Rather than engage in hard graft and create teams from the depth of talent available in Nigeria's secondary schools - the only place where you can find players genuinely within the U-17 and U-20 age bracket - national coaches regularly pick ‘teenagers' playing league football, when it is a rarity, even in the most advanced football nations, for a 16 year-old to be playing against seasoned pros!

The euphoria - and the spoils - of victory, has seduced Nigerian officials into becoming complicit in a poisonous, insidious culture of cheating, which steals the opportunities of genuine teenagers, with the talent to make a successful career out of football and build a great future for Nigeria.

Our culture of silence or, at best, inaudible discontent on age cheating, which is eating away at the fabric of Nigerian football, does us a terrible disservice.

It is time for those who really care about our game to stand up and be counted.

As Usman Dan Fodio, the 19th century Islamic scholar succinctly pointed out, "conscience is an open wound and only truth can heal it."
http://234next.com/csp/cms/sites/Next/Opinion/5698030-184/story.csp
Foreign AffairsRe: We think that Osama Bin Laden 'death Photo' Is A Fake by 4Play(m): 5:28am On May 03, 2011
If he's not dead, he should feel free to release one of his video or audio messages.  grin Even his men have admitted he's dead, yet, we have some people here whose minds are warped by conspiracy theories.

By the way, that photo-shopped picture was released by the media and not the US Govt so it's unreliability has no bearing on the authenticity of Osama's death.
Foreign AffairsRe: Why 'the Donald' Trumps Obama's Cult Of Celebrity by 4Play(m): 7:36pm On Apr 27, 2011
Conspiracy theories have a life of their own and are often impervious to facts and logic. It's a shame Americans are so misinformed that they think Obama was born in Kenya. For such a powerful country, it's citizens seem to be one of the most ignorant in the Western world.
PoliticsRe: Jonathan Set To Win, Aided By Southern Magic Numbers by 4Play(m): 12:37am On Apr 18, 2011
[quote author=ekt_bear link=topic=648868.msg8150861#msg8150861 date=1303081571]I still don't see how any candidate can get 99% of the vote, even in his home state. Obama didn't get 99% of the black vote in the US. Yet GEJ will get 99% of the vote in Akwa Ibom (for example)?

Very fishy. Won't change the outcome, but doesn't pass the smell test at all. . .[/quote]Obama got 95% of the black vote, which is pretty close to what we have here. It goes to show that black people, whether in Africa or in the West, tend to exhibit the same herd mentality.
Foreign AffairsRe: Photoproof Of Nigerians Fighting For Ghadaffi by 4Play(m): 7:22pm On Apr 16, 2011
Since the rebels have been accusing every black male of non-Libyan origin of being 'mercenaries', holding up those ID papers is neither here nor there.
European Football (EPL, UEFA, La Liga)Re: Carling Cup Final: Arsenal Vs Birmingham City[1- 2] On February 2011 by 4Play(m): 7:03pm On Feb 27, 2011
My back dey pain me. I follow Obafemi somersault but I no land well!!!!

grin grin grin grin grin
European Football (EPL, UEFA, La Liga)Re: Carling Cup Final: Arsenal Vs Birmingham City[1- 2] On February 2011 by 4Play(m): 7:00pm On Feb 27, 2011
grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin

I just dey jump around like mad man!

Dayo, give us some music!!!!!!!
Foreign AffairsRe: Gambian President Hits Out At African Union Over Gaddafi Protests by 4Play(m): 12:13pm On Feb 27, 2011
A tale of The Madman of Gambia's actions:

DRESSED in ankle-length vermilion robes, adorned with hundreds of tiny cracked mirrors, the witch-hunters had first been spotted by watchmen, through the flames of their campfires, emerging from the bush in the dead of night.

Aroky Bajung, a mother of six, was one of the first sleeping villagers to wake. She caught fleeting glimpses of ceremonial gowns glinting in the moonlight as the tall strangers flitted between houses like ghosts. She grabbed her children and cowered under her bed, praying for morning to come.

By daybreak the fitful dreams of the villagers of Jambur in western Gambia had become a terrifying reality as they woke to the sound of screams and a spidery trail of blood and animal entrails. Before them, flanked by mysterious red-cloaked strangers, stood the notorious Green Boys, Gambia’s feared private militia.

“We have work to do here,” the soldiers shouted. “The president’s work.”

Within two hours the soldiers had seized more than 100 people. Simultaneously across Gambia another 1,200 suspected witches, both men and women, were rounded up. Shaking with fear, they were taken to secret government detention centres.

Here their nightmare really began. In the name of Yahya Jammeh, Gambia’s dictator, they had been singled out for exorcism. Accused of being witches, they were blamed for the death of the president’s beloved aunt. By nightfall at least six had died after they were forced to drink a mysterious potion. Those who survived the foul concoction spent the following days racked with pain. Some claimed to have bled from their eyeballs.

An Amnesty International report noted that Jammeh, 44, has presided over a dramatic deterioration in human rights. Last week he sacked his ambassador to Washington a day before she was due to meet Amnesty officials to discuss human rights abuses.

Until now the villagers of Jambur and 20 other small communities have been too terrified to speak out against their president and his witch-hunt.

“I remember the scarlet flashes, the glinting of their robes. My children wake up crying, asking me when the men are coming back to take them,” said Bajung, 35. She believes she was seized because she had tried to help an elderly neighbour.

She added: “Here we are taught to worship the elderly. The witch doctors were smearing them with paste and shouting spells at them. When I tried to stop them I was bundled onto an army bus.”

Within an hour she and 100 others from Jambur were taken for a mass exorcism. They were forced to strip and drink the concoction that made them hallucinate and gave them severe pains. “People were vomiting blood and having fits. It was terrifying,” she said.

During the witch-hunts, which were orchestrated by the Green Boys, Jammeh’s most militant supporters, thousands fled over the Senegal border. Others were shot in the head.

In the tiny village of Makumbaya, Hawa Jallow and Kaody Soee, the first and second wives of Mamadou Bah Fulla, 60, said the murder of their husband by the Green Boys had left their family destitute. Jallow said: “The Green Boys said they had come for the witches who had killed the president’s aunt.

They said the president had heard in a dream that witches had come to kill her and now they must pay the price.”

After a few days other villagers began to return but there was no sign of their husband.

“We went to the nearest barracks to ask where he was, but nobody knew,” added Jallow. “A week later we found out he was dead. A doctor who looked at some of the other victims said they had kidney problems from drinking the potion.”

The witch-hunts are only a small part of the deadly and bizarre behaviour of Gambia’s president. In a recent speech in Banjul, the capital, he repeated his belief that all journalists should be killed. Recently he jailed six of Gambia’s most prominent journalists for two years.

Earlier this year Jammeh held a mass demonstration of his homemade cure for Aids. He invited thousands of local victims of the disease to abandon western anti-retroviral drugs and line up at the gates of his palace to try his herbs and banana remedy. A doctor who criticised the call to abandon the medication was jailed.

Superstition and mysticism go hand in hand under Jammeh’s erratic rule. He regularly threatens to behead homosexuals and drive them out of the country. He also declared that only he can drive through the giant arch built to commemorate his 1994 coup.

He has won three elections since seizing power. The first, in 1996, was dismissed as “unfair” by observers and the second, in 2001, was won with 53% of the vote after a campaign marred by bloodshed. He won two-thirds of votes cast in 2006 but opposition leaders complained of intimidation.

Back in Jambur, Karomo Bojang, an imam, is one of 40 Muslims taken in the witch-hunts. “Why did they use witch doctors to force me and my neighbours to drink some unworldly potion?,” he asked.

“We are living among madness. Our lives are in the hands of a lunatic.”
http://www.timesonline.co.uk/tol/news/world/africa/article6797697.ece
Foreign AffairsRe: Gambian President Hits Out At African Union Over Gaddafi Protests by 4Play(m): 12:02pm On Feb 27, 2011
The man is an ''inventor''. Apparently, he has found herbal remedies for HIV and high blood pressure.
European Football (EPL, UEFA, La Liga)Re: Chelsea Fans Thread : Winners of the FA Cup And League Winners 09/10 by 4Play(m): 11:00am On Feb 27, 2011
The England defender was said to have taken a .22 air rifle with muzzle and nightscope - the most powerful type of gun that does not require a licence in the UK - with him to training last Sunday.

A report in the News of the World claimed Cole was messing around with the weapon in the dressing room when he inadvertently shot Tom Cowan, a sports science student who is on a year-long work placement with Chelsea.
The 21-year-old was apparently standing just 5ft away when the gun was discharged and suffered a wound to his side, which one eyewitness said left him 'bleeding profusely' and 'in agony'.
Cowan was patched up by the club's medical staff and given two days off to get over the shock, but did not need hospital treatment.
Read more: http://www.metro.co.uk/sport/856680-ashley-cole-shoots-student-at-chelseas-training-ground#ixzz1F9TziDRu
FamilyRe: Rats: How Do I Get Rid Of These Rats! by 4Play(m): 6:41am On Feb 25, 2011
If all else fails and you are desperate, you can always go for overkill like this:

BusinessRe: IMF Proposes Devaluation Of Naira by 4Play(m): 8:40pm On Feb 18, 2011
The CBN has been depleting the foreign reserves in a futile bid to hold up the value of the Naira. The Naira's value falls where the demand for foreign exchange exceeds its supply. The CBN tries to mitigate the Naira's fall by dipping into the foreign reserves to improve supply. The problem is, I think they've overdone it this time. If rising oil prices has not provided Nigeria with enough US dollars, it's time to allow the Naira fall. The more the foreign reserves are depleted, the more rapid the Naira will fall.
CrimeRe: Nigerian Mother Jailed In The Uk For Sending Son To Nigeria. by 4Play(m): 8:33pm On Feb 18, 2011
I still can't get my head round how this forced marriage claim wasn't dismissed instantly in court. I suppose since most people here can't tell one African from the other, any sensationalist claim made is given credibility.
InvestmentRe: GEJ's Reckless Spending Causes Investors To Shun Nigeria’s $500 Million Eurobond by 4Play(m): 10:34pm On Jan 22, 2011
Why do we even need to issue bonds?
It's supposed to serve as a benchmark. I don't think we need the money. The idea is that it serves as point of reference in assessing Nigeria's credit worthiness. For me, it's been disappointing.
InvestmentRe: Investors Shun Nigeria’s $500 Million Eurobond by 4Play(m): 10:28pm On Jan 22, 2011
PS: What this means is that the investors will get 7% p/a of the loan amount, $35m per year for 10 years and the full amount, $500m, upon maturity. In total, $850m. A juicy return for fund managers when you will get less lending to Ghana.
InvestmentRe: Investors Shun Nigeria’s $500 Million Eurobond by 4Play(m): 10:23pm On Jan 22, 2011
[quote author=Ma_J_Blige link=topic=590109.msg7583808#msg7583808 date=1295726169]You dont know the details, yet you speak on it.

Wether over subscription is a mark of success or not, that is not the issue, but t is surely not a sign that investors shun the bond. That is the point.[/quote]Yes, I can comment on the naive notion that over-subscription is the mark of a successful bond issue when the key issue for the borrower is the interest rate he has to pay to the lenders. If Gabon and Ghana can issue 10 year bonds at 5.8% and 6.2% respectively, why do you rubes fall for the idea that borrowing at 7% p/a is to be celebrated?

If you offer sovereign bonds at punitive yields, there will inevitably be over-subscription but that is not a mark of success. Think of it this way, supposing a trader wanted to sell a car and cars of the same make and in similar condition are going for $4,000. However, due to the seller's less than wholesome reputation, he can only offer to sell at $3400. Inevitably, if potential buyers hear that a car which they have to pay $4000 is being offered at a steep discount, the dealer will have more buyers. However, from the dealer's perspective, the trade is not a success.

This is how bond issues are assessed. For people like you, if they hear that NNPC has been sold for $10m and that the Govt claimed the bid process to be a success because loads of investors were interested, you will swallow it hook, line and sinker. They're playing on your ignorance.
PoliticsRe: Nigerias $500m Eurobond Oversubscribed by 4Play(m): 2:04pm On Jan 22, 2011
@OP

Of course it will be oversubscribed, we are paying punitive yields! On a scale of 1 to 10, I give it a 3. I'll refer you to my post here:

https://www.nairaland.com/nigeria/topic-590109.32.html
InvestmentRe: Investors Shun Nigeria’s $500 Million Eurobond by 4Play(m): 1:59pm On Jan 22, 2011
For the significance of a managing director in GS, I have to note that a Managing Director position does not have the same cachet as it would have in the Nigerian corporate world. GS has hundreds, possibly over a 1 thousand MDs. Last year alone saw 321 people made MDs.

Goldman Sachs Group Inc., the most profitable securities firm in Wall Street history, promoted a record number of employees to managing director, boosting their pay and status as investment banks recover from the financial crisis.

The 321 appointments, up from 272 last year and 259 in 2008, were detailed in an internal memo obtained by Bloomberg News. The announcement came a day after the New York-based company selected 110 people to become partners, a designation that means they share in a special pool of
http://www.bloomberg.com/news/2010-11-18/goldman-sachs-promotes-321-to-managing-director-up-from-last-year-s-272.html
InvestmentRe: Investors Shun Nigeria’s $500 Million Eurobond by 4Play(m): 1:51pm On Jan 22, 2011
I don't know the details about this offering but an oversubscribed bond offering does not necessarily mean it was a success. You have to look at the yield, that's what matters. The yield is the interest rate Nigeria has to pay to the investors. The lesser the yield, the more successful the offering.

Investors with huge risk appetite always lap up bonds with high yield. Pretty much every Greek and Irish bond issue was oversubscribed. Here is an excerpt from an article about Greek bond issues weeks before they required a bailout:

Athens. Debt-ridden Greece raised 1.56 billion euros ($2.1 billion) in a heavily oversubscribed auction for 26-week and 52-week bonds on Tuesday, its first attempt to borrow since details of a euro-zone and International Monetary Fund rescue package were revealed at the weekend.

But although market jitters were soothed as investors flocked to buy the issues, which are effectively backed by the European Union and the International Monetary Fund, the interest rate was punishingly high.

The Public Debt Management Agency said the yield for the 52-week bill stood at 4.85 percent compared with 2.2 percent for a 52-week issue sold in January. But the issue was 6.54 times oversubscribed, compared with 3.05 times in January. The yield for the 26-week bills was 4.55 percent compared with 1.38 in a similar auction in January. That issue was 7.67 times oversubscribed, compared with 4.87 in January.
http://www.thejakartaglobe.com/business/greek-bond-auction-oversubscribed/369236

As you can see, over-subscription is not necessarily a mark of a successful bond issue in a world awash with liquidity. It is merely a sign of investors chasing risk. Nigeria paying higher interest rates than Ghana for bonds of the same duration is not something to pat ourselves on the back for.
European Football (EPL, UEFA, La Liga)Re: Wenger Wins World Coach Of The Decade by 4Play(m): 2:53pm On Jan 15, 2011
You people are wasting your time discussing an award given by an obscure and publicity hungry man who has created an entity with a grandiose title.

I too would soon create my own organisation and dish out awards. The International Institute of Football Engineering coming soon.
PoliticsSome 'Good News' About Nigerians by 4Play(op): 4:34pm On Dec 27, 2010
AN AFRICAN academic with a coiffed mane is sipping coffee in a Ghanaian airport when he spots a pulpy Nigerian film on an overhead screen. “A travesty, a grave crime,” he splutters. “Such slowpoke images should never be shown in this country. They are veritably poisoning our culture.”

It is hard to avoid Nigerian films in Africa. Public buses show them, as do many restaurants and hotels. Nollywood, as the business is known, churns out about 50 full-length features a week, making it the world’s second most prolific film industry after India’s Bollywood. The Nigerian business capital, Lagos, is said by locals to have produced more films than there are stars in the sky. The streets are flooded with camera crews shooting on location. Only the government employs more people.

Nigerian films are as popular abroad as they are at home. Ivorian rebels in the bush stop fighting when a shipment of DVDs arrives from Lagos. Zambian mothers say their children talk with accents learnt from Nigerian television. When the president of Sierra Leone asked Genevieve Nnaji, a Lagosian screen goddess, to join him on the campaign trail he attracted record crowds at rallies. Millions of Africans watch Nigerian films every day, many more than see American fare. And yet Africans have mixed feelings about Nollywood.
http://www.economist.com/node/17723124

1 2 3 4 5 6 7 8 ... 54 55 56 57 58 59 60 61 62 (of 278 pages)