₦airaland Forum

chisco82:
Stop deceiving yourself by trying to validate PMB result forgery.
Alright check this
WAEC Was Established In 1952:66 Years Ago. PMB Was Born In 1942: 76 Years. 66-76 Is Equal 10. He Sat For WAEC @ Age 10. Wonderful

You are amazingly dull. You need special deliverance.

PrecisionFx:
Ur being paid to spread propaganda.

Buhari dropped out of secondary school in SS1 n joined the army with standard 6 certificate

SS1 in 1961? Now I know why they deliberately killed our education system.

chisco82:
Where is his name on that cert? Why are you people implicating that man more? On the one you guys presented as the waec cert. He took 7subjects and on the cambridge cert. It's 8

You guys are extremely dumb, where did I write that was Buhari's certificate?

What I posted was to prove to you morons that certificates those days don't have numbers.

Ojiofor:
Why didn't he submit it to INEC as constitution required him to do instead of swearing affidavit in 2018?

Because Attestation of Certificate started in August 2015

Now they say the Attestation from WAEC does not have a certificate number, the truth is certificates from those days don't have certificate number.

The best is let them wail, it didn't change a thing in 2015 and it certainly won't change a thing in 2019.

StOla:
If numbers were used in the past, and an equivalent that later existed or currently exist is then used on a recent issuance of his certificate, then what exactly is biting your soul over such representation of his grade?

Is 3, A3, and B3 not the same score? Or was he recently awarded a grade he never attained?

What manner of misery has tormented you so?

Please, stop disturbing yourself, he can't be cured of hate.
That same guy supported GEJ, ND avengers, Kanu IPOB, 'El zarki' and currently Atiku, just pass your comments and move on.

richidinho:
And when do you think that attestation was obtained?

Same WAEC that used to include subjects with F9 started removing subject with F9 of recent, reason mathematics and woodwork was removed from Buhari's fake cert

Are you saying WAEC forged Buhari's Document?

jamace:
BUHARI FAILS INTEGRITY TEST . . .

By Prof. Chris Nwaokobia Jnr.

If I were Buhari, I would just don't border contesting the next election because I will be embarrassed based on his fake WAEC result.

* First there was no Class 6 in 1962.

* Secondly, woodwork and health science were not offered in 1962.

* Thirdly, he couldn't have made A3 in History.

* Fourthly, this is an SSCE result sheet and not a British Cambridge result sheet.

* Fifthly, Ministry of Education, Katsina State is not an examination body and cannot issue exam result.

* Cambridge had asked Buhari to apply for a copy of his result sheet if any. Why has Buhari refused to apply for a copy? There is none.

* Sixth, Muhamed and Muhammad are not the same person.

Therefore, even if INEC awards him all the votes of 2019, he still stand disqualified because he forged his certificate. The world is watching and also taking notes.

Nigerians should speak up now or shut up in international fora.

I think Buhari should surrender himself for trial just as Fayose did. Forgery is corruption. Lying under oath is perjury. He has no right to speak about fighting corruption when he is wearing the corruption agbada.

You guys should focus on something else...

dingbang:
Access bank customers who wish to port to first bank, all you have to do is to download the first mobile app and open an account through the app, if you have any questions, please feel free to communicate with me.

Youfirst

As if firstbank don't charge too. All Nigerian banks are legal thieves.

abes:
From the documents from DMO (from op)

Total debt as at June 2015 is $63bn
Total debt as at June 2018 is $73bn an increment of $10bn in three years.

Is that not what Osinbajo claimed?

According to DMO's documents, Osinbajo is right.

LordAdam16:
Did you understand my last post, yes or no?

I came to this thread to expose your ignorance and educate you (as well as anyone who was confused, your dumbness made the explanation explicitly clear).

The APC government borrowed $22b, not the cosmetic $10b figure bandied about by Osinbajo, which as the OP states is MISLEADING. That's what the OP is about. That's what I've explained to you in a painstaking manner.

I have no interest in rolling in the mud with you any longer if it took you more than 4 hours and innumerable dumb replies to finally understand the OP article. My job here is done. I basically came here to explain the article to you. I've successfully done that. Au revoir.

-Lord

You exposed nothing, you instead confuse yourself.

Answer my last question like i answered yours.

Also convert the same N8.393tr to dollars as 2015.
If there's any difference, why is that?

You'll realise it is useless converting domestic debt to dollars.

I'm not in the mud with you.

LordAdam16:
Then the dollar equivalent of the domestic debt of N3.755tn that the APC borrowed is $12bn.

That is where the $12bn came from. Domestic debt that the APC government borrowed is $12bn. Foreign debt that the APC government borrowed is $10bn. Total debt that the APC borrowed is $22bn. That's what the OP article is all about.

Do you understand that now? Or do I have to translate it to your local language.

-Lord

Dubious...

Domestic debt of N8.396tr as at 2015 was not paid by the previous administrations. If the government decides to pay that N8.393tr now, how much will that be in dollars?

LordAdam16:
If domestic debt is borrowed in naira and will be paid in naira, did the APC government borrow N3.755tn between 2015 and 2018?

Answer that question. Then I'd answer your second question.

-Lord

Yes, according to the document.

LordAdam16:
Answer this simple question first:



-Lord

Domestic debt is borrowed in naira and will be paid in naira but you want me to convert to dollars?

Where did you see $12bn from the document?

LordAdam16:
Is domestic debt borrowed in Naira or Dollar?

Also can you answer my question? Convert N3.755tn to dollars?

-Lord

So why do you want me to convert to dollars?

LordAdam16:
So how many questions in the two previous replies to you did you answer?

Look how you're just disgracing yourself effortlessly. Is your mentor Lai Moh'd?

-Lord

Where did you see $12bn?

LordAdam16:
From the document,

FGN only domestic debt in June 2015: N8.396tn.

FGN only domestic debt in June 2018: N12.151tn.

Increase of domestic debt between June 2015 and June 2018: N3.755tn.

Please can you convert N3.755tn to dollars with current exchange rate of N305/$?

-Lord

From the document,

FGN only domestic debt in June 2015: N8.396tn i.e $42.6bn

FGN only domestic debt in June 2018: N12.151tn i.e $39.7bn

Difference is negative of $2.9bn.

From the document.

LordAdam16:
@abes,

If you're not going to answer my questions, do not bother to type another reply. I've answered yours consistently.

Else you'd just be proving you have relaxer instead of brain in your skull.

-Lord

I don't do this.

LordAdam16:
Do you understand why what will be paid today is N19t? If no, whose fault is it that the debt of N12t in 2015 is now N19t in 2018? Was it Buhari that devalued the Naira, Yes or No?



Again I ask, where will the $12b (3.76tn) domestic debt borrowed by APC go to? Your APC government borrowed $10b foreign debt; did they not borrow from within Nigeria (domestic debt) as well?

If no, then have you heard about Sukuk bond? Do you want me to share a link about the government borrowing via the Sukuk bond instrument?

If yes, then where is your N3tr to N4tr coming from? Also why are you falsely saying the APC borrowed $10b when it clearly borrowed $22b?

Can you see how you're disgracing yourself.



No. It is $73b*305.

Just like the N12tr is $63b*196.

If it was that useless, illiterate arithmetic you're doing it'd be ($63bn * 305) + ($10bn * 305) + ($12bn * 305). And if you have a calculator, you can see that arithmetic doesn't equal N22tr.

I'm waiting for you to ask me where that 12b is from, I'd so make a f**l out of you zombie.

-Lord

Is it that you can't read a simple document?

Where did you see $12bn domestic debt from that document?

Let start from there.

LordAdam16:
Yes, and the current exchange rate of total debt is 22tr, compared to 12tr in 2015.

The DMO's record for June 2015 was also an updated record of previous months/years and not a standalone document as well. OBJ inherited debt. Yar'Adua did. GEJ did. Buhari did. Atiku will inherit in 2019 because Buhari will not pay off the debt he is accumulating.

-Lord

N12tr would have been paid to settle as at 2015, agreed, but it wasn't paid in 2015, what will be paid today is N19tr.

Okay, let's assume all debts were paid in 2015 i.e this administration meets $0, from then to 2018, this government borrows $10bn, if you change that to naira, is that not around N3tr to N4tr? is that not the amount this present government is responsible for?

That N22tr, is it not ($63bn x 305) + ($10bn x 305)?

LordAdam16:
So where will the domestic debt of $12b (N3.76tn) that this government borrowed go to? Illiteracy is a disease.

As for the exchange rate. It went from N22 in 1999 to 196 in June 2015. Yet debt ended up at N12tn total. Yet between June 2015 and June 2018, debt ballooned to N22tn.

It is in the DMO figures.

-Lord

Check the document, you will realise that the $63bn in 2015 or $73bn is 2018 is inclusive of domestic debt. Illitracy is a disease that has a cure, read up.

LordAdam16:
Would it have been paid back in June 2015 using June 2015 exchange rate?

In fact, in the DMO screenshot, what was the naira equivalent in June 2015? N12t or N19t?

-Lord

But it wasn't paid back in 2015, was it?
It will be paid using the current exchange rate, isn't it?

DMO's record for June 2018 is an updated record of previous months/years June 2015 inclusive and not a standalone document.

LordAdam16:
It is not a difference of N3 or 4 tr.

Look at the DMO's figures.

In June 2015, the total debt in Naira was N12.12tr. Which means if anyone wanted to pay off the debts as at June 2015 then he'd have to cough up N12.11tr.

As at June 2018, the total debt in Naira is N22.38tr. Which means anyone who would want to pay off the debts as at June 2018 will have to cough up N22.38tr.

22.38tr is almost double 12.11tr.

It was the Buhari administration that let dollar fall from 196 to 305. So you guys don't get to cherry pick.

As at June 2015, the monthly wage bill for civil servants was 150b. At 196/$, that's $765m. Today, the wage bill is roughly the same (+/-N5b). But at 305/$, that's roughly $492m. So you guys use less dollars to pay the same wage bill, which is why you guys have refused to increase the minimum wage since then. Because it is beneficial.

Now that you've found that the same naira devaluation means the debt profile is N22tr from N12tr, don't start speaking English or trying to confuse yourself.

Everything here is very clear.

-Lord

If the last government had settled all $63bn debt as at 2015, current debt will stand at $10bn today 2018, that is about N4tr and not N12.11tr, no?

We shall discuss the exchange rate going up from N22 to N305 per dollar between 1999 to 2018 another day after we are done with this debt issue.

LordAdam16:
Was the exchange rate in June 2015 N305/$?

-Lord

Will it be paid back using June 2015 exchange rate?

LordAdam16:
[s]
Read the OP again. This time very carefully. It is simple arithmetic.

If you still don't get it, you'd first agree that you like Osinbajo are zombies before I'll explain it to you.

Because the OP article is very very clear. It even has an example for easy comprehension.[/s]

-Lord

Don't be emotional....
I'm dealing with the documents from DMO....

LordAdam16:
Because Nigeria did not start existing in 2015. Jonathan also inherited debt, that debt was added to his.

Buhari should not reject debts. He is liable for Jonathan's debt, like Jonathan was liable for Yar'Adua's and OBJ's second term debt. OBJ paid off all the debt accumulated by the military since 1966 plus the ones he borrowed himself. He didn't pay only his own.

-Lord

Calm down..

You claimed this administration almost doubled the debt in naira which is so wrong. You cannot repay 2015 debt using 2015 exchange rate, you will pay using the current rate which is according to you..

LordAdam16:
305*63b = N19tr.

-Lord

If current debt is N22tr, how's that almost double of N19tr?

Isn't that a difference of N3tr or let's assume N4tr?

LordAdam16:
I'm using the same false figures you're working with.

-Lord

That's the DMO's figure, check the attached in the first post.

LordAdam16:
N22tr is different from $22b. Comprehend whatever it is you're reading.

As at 2015, the total debt in Naira was $63b*196 = N12tr
As at 2018, the total debt in Naira is $73b*305 = N22tr

In just 3 years, APC has almost doubled the debt in naira value of what PDP borrowed in 16 years.

Do you understand now?

-Lord

Haha..

How did you arrive at $73bn?

Why not just multiply the added $10bn by N305, why everything ($63bn + $10bn), is this administration responsible for the $63bn?

We are getting there...

By the way, where is that $22bn from?

4Play:
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.

You did not answer my question.
Forget about the recent $10bn between 2015 and 2018. If this government decides to pay the $63bn debt for the previous administrations, how much will it be in naira? Is this government going to pay back using the exchange rate as at 2015 or the current exchange rate?

By the way, do you know that N22tr is ($63bn + $10bn) x N305?

4Play:
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?

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.

From the documents from DMO (from op)

Total debt as at June 2015 is $63bn
Total debt as at June 2018 is $73bn an increment of $10bn in three years.

Is that not what Osinbajo claimed?

dukie25:
I know it's painful but check BudgIT's clarification, Pastor was caught lying again.

Where exactly is the lie?