Jobs/Vacancies › Re: Graduates Get Paid As Low As #6000 Per Month In Nigeria? by anonimi: 1:44pm On May 15, 2015 |
Bolade005: Thanks bro. I'm thinking of opening a thread to narrate my story and inspire unemployed graduates out there. We can all achieve greatness if only we are ready to start small. I used to be in the travel section asking questions about msc in Europe, America, everywhere but now I'd rather stick to my business. It's all about money and I'm making it and I intend to make more until I become successful.
I appreciate the advise above, that's exactly my aim and with hardwork and prayer, the sky will indeed be my limit.
Thanks again. Firstly, I will be looking out for your thread when you open it, which I hope will be very soon  Abeg, mention my moniker- anonimi so I can visit the thread also. Secondly, you are ALREADY successful.You can only INCREASE your success as you grow your business from one level to another, God Willing, InshaAllah! |
Jobs/Vacancies › Re: Graduates Get Paid As Low As #6000 Per Month In Nigeria? by anonimi: 1:39pm On May 15, 2015 |
umarc19: It is not in Nigeria alone that people earn low salaries, so the thread is not limited to Nigerians.
Don't you know there are people from other countries on Nairaland? So you are not a Nigerian  |
Jobs/Vacancies › Re: Graduates Get Paid As Low As #6000 Per Month In Nigeria? by anonimi: 1:25pm On May 15, 2015 |
Bolade005: Self employment is the real deal. I have a lot of unemployed friends whose parents could fund them with about 50k to 200k but the problem is they don't all want to do petty business.
I've been unemployed since 2013. My last trial at Guinness late last year opened my eyes. I wasn't given a job with them after going though their various tests for the position of sales executive. After failing to secure a job with them, I started my own business with about 150k and I repaired an old car we got to transport my goods. Now I am my own sales executive and I have an employee who doesn't do much and I pay him 12k a month and he's just a school cert holder. Now I make cool money much more than Guinness could pay me as a new intake. Infact I am glad it didn't work out with them. I regret not thinking about being self employed much earlier. I feel like I just wasted 2years waiting for that dream job.
I didn't mean to bore u with my story but most graduates out there can afford the capital to start something small but we all want to work for a reputable company where we can dress corporately cos that's the dream.
Let's learn to start small. With dedication and commitment and prayer, we will get bigger. Many many thanks for sharing your inspiring story with us here. Not only are you self-employed, you are also an EMPLOYER of labour  Great! I will only advise that you set your sights on GROWING your business and making it more organised/formal with time by ploughing back as much of your profit and taking on related opportunities for expansion that builds on your current STRENGTHS/competencies. Sky is the limit  |
Jobs/Vacancies › Re: Graduates Get Paid As Low As #6000 Per Month In Nigeria? by anonimi: 1:20pm On May 15, 2015 |
durosegun: In Kajola local government of Oyo State that I served, teachers are paid 5k. Even getting such jobs is extremely difficult. Did you serve there while a PDP governor was in charge Perhaps with Ajumobi of APC in charge they are now being paid N18,000 minimum wage.Although that may not be the case with OYES graduates of Aregbesola who has no problem chopping N18.6 billion in Bola Ige state house www.nairaland.com/attachments/2042395_b7fvnpiiaabroh_jpeg81b2c4466e71003dbe03de8be0975de0 |
Jobs/Vacancies › Re: Graduates Get Paid As Low As #6000 Per Month In Nigeria? by anonimi: 1:14pm On May 15, 2015 |
umarc19: Low Salaries is something we can rather call unavoidable, so what we should be talking of is a way out.
Here are Ten Helpful Tips for Low Salary Earners
3. Find the free stuff.
In towns of any size, there are resources available for the impoverished, from free dinners at churches to food giveaways to soup kitchens. The library provides free entertainment in the forms of books, music, and internet access. There are parks, recreational activities, and countless other things even in the smallest of rural towns. Look around for the free stuff and use it – it’s there for everyone to utilize. Are you a Nigerian in Nigeria or what exactly are you talking about up there  |
Jobs/Vacancies › Re: Graduates Get Paid As Low As #6000 Per Month In Nigeria? by anonimi: 1:10pm On May 15, 2015 |
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Politics › Re: Before The Spirit Of Orubebe Dies... by anonimi: 1:06pm On May 15, 2015 |
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Politics › Re: Imminent Blackout As Power Generation Drops By 1,800mw by anonimi: 1:00pm On May 15, 2015 |
OrlandoOwoh: It's not everything I say. Go find out how Obasanjo treated oil thieves that hid under rivers and how the UN begged him not to continue. Always say meaningful things when you quote me. If OBJ's bush man tactics had worked, why do you think Yar'Adua have to offer them amnesty  I hope you can provide a meaningful response! |
Politics › Re: Imminent Blackout As Power Generation Drops By 1,800mw by anonimi: 11:17am On May 15, 2015 |
OrlandoOwoh: How does this correlate with my post? I won't answer your question because it sounds silly. Let me help you out since today na Friday, weekend mood tinz  OrlandoOwoh: Sincere9gerian even said it's Tinubu that vandalizes pipelines. PDP supporters are all clueless. Please let me know if you still need further help. Cheers! |
Politics › Re: Imminent Blackout As Power Generation Drops By 1,800mw by anonimi: 11:15am On May 15, 2015 |
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Politics › Re: Imminent Blackout As Power Generation Drops By 1,800mw by anonimi: 11:13am On May 15, 2015 |
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Politics › Re: Imminent Blackout As Power Generation Drops By 1,800mw by anonimi: 11:12am On May 15, 2015 |
OrlandoOwoh: Parade will change gear from May 29, and anybody, even Niger Deltan militants, caught vandalizing pipelines, will be dealt with. How can any reasonable government that knows its economy is hinged on oil and gas watch without taking any step when the pipes that convey this commodities are vandalized. Why not ask Yar'Adua who did amnesty with them after OBJ's strong arm tactics failed woefully  |
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Politics › Re: APC Matters In Pictures by anonimi(op): 11:08am On May 15, 2015*. Modified: 7:41pm On Jul 09, 2016 |
Kenai: The Rivers Monorail has already arrived...
And it's about to take off... [img]https://www.nairaland.com/attachments/1570278_images-4_jpeg_jpeg2ce038dbd0b51d8e59b0a0d616a6e40b[/img] . . . . .
[img]https://www.nairaland.com/attachments/1570371_screenshot_2014-07-23-16-07-14_png29b18d0d659492af789f2e7a9401cc15[/img]
... To outer space. Mogidi: He delivered good governance hence his protégé was unsuccessful in his bid to become governor. Amaechi is high on grade 1 Buhari urine.
https://www.monorails.org/webpix%203/cnstRivers02.jpg ijekul: As the Judicial Commission of Inquiry set up by the Rivers State Government to probe the sale of valued assets of the state and other matters continued its sitting on Friday, the technical consultant to the state on the monorail project, Arcus Gibbs revealed that he advised former Governor Chibuike Amaechi against continuing with the project.
Managing Director of Arcus Gibbs Nig Ltd, Wiero Viguezang, however said his company gave the advice only after collecting N22.9bn from the Rivers State Government since its services were enlisted in March 1, 2010.
Viguezang spoke when he appeared before the commission to explain the role played by his company in the monorail project being probed by the commission.
While being cross-examined by counsel to the commission, Dr. Zaccheus Adangor, Viguezang, stated that the monorail project was no longer tenable considering the shortfall in the state’s revenue and the inability of its original technical and equity partners, TSI Nig Ltd, headed by the former military administrator of Rivers State, Brig-Gen Anthony Ukpo (Rtd.), to fulfil its obligations to contribute 80 per cent of its equity holdings.
He disclosed that the state owes his company N1.1bn for its services. He also said the company had in a letter to the Rivers State through the ministry of transport, in April, made a six-point recommendation to the Rivers State on how to unbundle the monorail project in such a way that the state government can salvage some financial benefits out of the N33.9bn so far invested in the project. The monorail project was originally estimated to cost about Euros2250m.
The technical partner had in its sixth point of recommendation suggested to the Rivers State Government to unbundle the monorail project and approach the manufacturers of the mechanical components and rail tracks in Germany and exploit the possibility of reselling components at a lower price to the manufacturers.
He said the company also advised the state government to consider the option of using the monorail facilities for other commercially viable purposes, mentioning the spaces between pillars and surrounding areas of the monorail project, stressing that the area between Azikiwe Road and the UTC axis could be put into very fruitful commercial purpose. Viguezang also told the commission that his company and the state government had planned to unveil the monorail project last April specifically to mislead the people of Rivers State into thinking that the project, which has gulped N33.9bn, was still on course.
He admitted that his company wrote a memo to the commissioner for transport to arrange the unveiling of the project essentially for media coverage since the project was “technically uncompleted”.
According to Viguezang, “We actually wrote to the ministry of transport in January, to arrange for the governor to unveil the monorail project in April for the attention and coverage of the media based on the expectation of the people of the state.”
When asked to clarify if the unveiling was to deceive the people of Rivers State into believing that the controversial monorail project was ready, Viguezang admitted; “It was to deceive the people into believing that the monorail project was at last ready”.
The managing director, however, stressed that “apart from the media coverage and public attention that it is expected to generate, the monorail was not technically and commercially ready. Only phase 1a within phase 1 of the project was ready. So, there was no way the public would have been able to use the monorail as at April when we asked the ministry of transport to unveil the project to the media”.
Viguezang admitted that the Rivers State government enlisted services of Arcus Gibbs at the cost of N600 million from March 1, 2010 to December 1, 2010, after the memorandum of understanding (MoU) with TSI collapsed because TSI could not raise revenue to fulfil the payment of its 80 per cent equity share capital.
He stated that part of its role as the technical service provider to the Rivers State government concerning the monorail project was to evaluate and assess the activities of TSI and give an independent opinion to the Rivers State government.
http://www.thisdaylive.com/articles/how-technical-consultants-advised-amaechi-against-monorail-project-after-collecting-n22bn/218811/ |
Politics › Re: Photos From Amaechi's Book Launch Yesterday Featuring Tinubu,Dangote,Soyinka by anonimi: 11:04am On May 15, 2015 |
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Politics › Re: I Would Have Been Jailed If GMB Had Lost Presidential Election - Gov. Amaech by anonimi: 11:03am On May 15, 2015 |
OrlandoOwoh: . . . and when Buhari tries and finds him guilty you, Barcanista and Dearpreye won't see it as witch hunting a Niger Deltan? Please tell us why they should? Thanks. |
Politics › Re: Photos From Amaechi's Book Launch Yesterday Featuring Tinubu,Dangote,Soyinka by anonimi: 10:59am On May 15, 2015 |
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Politics › Re: Photos From Amaechi's Book Launch Yesterday Featuring Tinubu,Dangote,Soyinka by anonimi: 10:54am On May 15, 2015 |
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Politics › Re: I Will Return Stronger To Rebuild PDP,Johnathan Tells Party Leadership by anonimi: 10:32am On May 15, 2015 |
Goddex: Yes sir!!!
Already, in another news, Buhari is begging GEJ to give him governance tips
[size=13pt]Nigeria will enter #OneChance from May 29 with an empty headed brain dead sinile grandpa as it's . . .
[/size] Very likely, see below => Spaxon: its my 1000th post on nl
an illiterate is always an illiterate.... . .. . meanwhile....
A man needed a brain transplant The surgeon brought him 3 diff brains .. The first he said cost just $500 -it belonged to albeit Einstein (90% used) The second cost $2000 - it belonged to Henry Ford (75% used) The third cost a whooping $1,000,000.00 - it belonged to a Nigerian army General (it has never been used)
Last Bullet: There's a diff b/w a ph.D holder and an FSL holder.....
hbd chiam55 |
Health › Re: Very Sad Story Of How Nigerians Left An Accident Victim To Bleed To Death by anonimi: 9:55am On May 15, 2015 |
sweetgala: My people it is a very sad situation that must be addressed by the federal government , it is not news that many functions of Nigerian life has been destroyed by corruption , and poor leadership.
I have a new doctor friend who married a relative , who told me of life as a doctor in a private hospital, please don't blame the doctors blame the hospital administration and the state. The hospital administration have stipulated that before any intervention even when severe trauma is present , a police report and adequate funds guarantee to undertake the procedure must be present. If a victim emergency surgery is performed (> 25,000) xrays and CT scans (>15,000) and then the victim can't pay it gets docked from the doctors meagre wages. He said after he was burned a dew times he stopped.
My fiends pray you also don't fall desperately ill because Nigerian hospitals are a sad case, in UCH you have to pay for gloves, and all manner of things.
A national insurance framework , subsidised by the FG and through wage/earming contributions similar to the PSTN system in Ireland.
I had a very complex relatively new vitrectomy surgery(eye surgery I was going blind in the left eye) done in November 2013, for the incident that caused the injury, I was able to walk into the hospital with my opticians recommendation letter undergo no less than 4 retinal scans , saw a specialitist doctor more than 5 occasions and the surgery itself was done at absolutely no cost bar the cost of the bed I slept on €75 , I payer 4 weeks after surgery while home and recovered. - Should we blame the federal or the state government or should we pack it all on the head of the owners of private hospitals? - What is the % of children out of school in Ireland?Is there any likelihood that we can start resolving our problems from the basics  |
Health › Re: Very Sad Story Of How Nigerians Left An Accident Victim To Bleed To Death by anonimi: 8:41am On May 15, 2015*. Modified: 9:08am On May 15, 2015 |
esoorita: It's so sad that we are still living in the dark ages in Nigeria and indeed the whole of the African continent. Animals are treated better in the civilised countries than we treat human beings in Africa. I was horrified to see a crowd of people on 3rd Mainland bridge taking the pictures of some people involved in a car accident instead of lending a helping hand to the unfortunate victims. The money that the African leaders should have spent to build and equip standard hospital, procure ambulances, build schools, construct good roads, provide electricity, portable drinking water and other social services is wantonly looted by the leaders and their allies. The people are consigned to scrap heap perpetually. Very sad. That is what happens when the acclaimed "excellent" state governor in Nigeria proudly opens his mouth to say there are only 2,000 public schools out of the 14,000 schools in the state! That is a 14% score for an area where every child should be in school learning!  Lagos schools producing academic champions –Fashola . . . .
“One thing that we need to point out is that the state’s public education system is producing excellent results. This is in spite of its challenges. Out of the 14,000 schools in the state, It is only about 2000 that belongs to the government.
More from: http://dailyindependentnig.com/2014/07/lagos-schools-producing-academic-champions-fashola/ How can WE advance when we celebrate such a ttotal FAILURE as the best thing to represent excellence in our midst  How is that possible? In short, WE are simply pathetic!!!
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Health › Re: Very Sad Story Of How Nigerians Left An Accident Victim To Bleed To Death by anonimi: 8:19am On May 15, 2015 |
WebSurfer: I MET A SIMILAR CASE DURING THE EBOLA PERIOD, THOUGH I WAS SCARED AS THE VICTIM WAS A COMPLETE STRANGER BUT I HAD NO CHANCE THAN TAKE THE RISK SINCE SHE WAS PREGNANT AND COLLAPSING BY THE ROADSIDE JUST VERY LATE AROUND 8-9PM, EVENTUALLY EVEN AFTER THAT, HOSPITALS, DOCTORS, NURSES SURPRISED ME, IT WAS FINALLY A FEDERAL MEDICAL CENTER WHO ACCEPTED AND ATTENDED TO US AFTER BEING REJECTED REPEATEDLY BY OTHERS, MAY GOD HELP US NIGERIANS Nice story but wrong conclusion. God does not need to help Nigerians just as he did NOT help the Europeans, Americans, Canadians and all those other places we like to run away to because their people helped themselves climb out of their depravity largely through mass education for all their children!The whole essence of the message of Christ (Prophet Issa to Moslems) is that we should use our God-given intellect to sort out out man-made problems instead of crying to God each time as if He did not make us in His Image.  |
Culture › Re: My Take On Asoebi by anonimi: 4:56pm On May 14, 2015 |
mamadsquare: One of the unforgettables happened last year, our ex-landlord informed me and hubby about the daughter's upcoming wedding. There were 2 variants of aso ebi, Ankara (2500+gele) and lace (10k+aso oke cap) for men and (12k+aso oke head tie for women). We opted for Ankara but the mother of the bride to be insisted on lace saying the Ankara was for the groom's friends. (Lie). We bought the lace, package for men, 10k and half the one for women 6k, making 16k. About 10 days later (still before the wedding), I was walking through a market and lo and behold, the same lace material. Curiosity got the better of me and I asked for the price, after negotiations, 3500! In my mind I was like yepaa. I sha excused myself on the premise that I would come back for it. So on my husband's own alone, they made at least 6k while my own would have been like 3.5k.
And this so called ex-landlord and wife are some of the most greedy, penny pinching and stingy people to ever walk the face of the earth.
On the day of the wedding, we scrambled for seat, ate almost tasteless food and were given souvenirs that would cost less than 1500, both of us together o! And in their mind, they did society wedding. A wedding where guests were made to pay through their noses just to grace their occasion. Yet we wonder why we have thieves and rogues as our leaders and REPRESENTATIVES in the political class. Rogues and thieves can only produce similar characters to represent them, not so  Let's keep fooling ourselves and praying to God to come down & rescue us  God go laugh us tire  |
Culture › Re: My Take On Asoebi by anonimi: 4:35pm On May 14, 2015*. Modified: 4:53pm On May 14, 2015 |
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Family › Re: I Saw Indecency In My Sister's Phone. What Should I Do To Her? by anonimi: 4:29pm On May 14, 2015 |
ronald4lif: You call 20 just?. Someone her age is an adult and can have indecency on their phone if they want to. Though depends on how explicit the footages are.
We complain when our sisters flirts or fxck about and when they resort to satisfy their sexual urges through indecency should we also complain?. Don't they have feelings and hormonal antibodies and urges?. Is 20 not old enough to have explicit images in their gadgets?. Please someone should put me through what the problem is here? Abi oh. E dey call 20 just! At that age Aisha don stay Buhari house two years dey drop pikins!!! Just ko! Justice ni!!! |
Christianity Etc › Re: Pastor Adeboye Donates Ambulance To Israel by anonimi: 2:50pm On May 14, 2015 |
Interesting! I thought this man went to school?  |
Music/Radio › Re: Dear Jay Z, Here Are 7 Talented Nigerians That Should Be “discovered” by anonimi: 2:42pm On May 14, 2015*. Modified: 4:51pm On May 14, 2015 |
Does anyone know when an American will write a similar letter to Don Jazzy  Or maybe Asians have written similar letter to their American 'brothers' Black Africans SHAMELESS since time immemorial. After selling our brethren as SLAVES, it is time to go there voluntarily instead of developing our own society!PATHETIC  |
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Politics › Re: HRH Sanusi Speaks Again On The Missing $20b And The PWC Report. by anonimi: 10:01am On May 14, 2015 |
philips70: If nobody goes to jail on account of this missing monies that will be the end of Buhari and APC in 2019. The biggest reason they will be booted out. Does that include sanusi's tenure at CBN or he is excluded by Misitah Integrity Buhari of selective persecution  Kachi188: Jonathan Queries Sanusi Over 22 Fraudulent Act Discovered At CBN 04 January 2014
President Goodluck Jonathan has queried the governor of the Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi, over various infractions detected in the apex bank’s 2012 audited account.
The query, which covered 22 issues bordering on massive fraud at the bank, was sent to the governor on May 6 and the response, though expected back on May 8, was submitted to the President on May 21.
The query of the bank’s account, which its auditors, Ernst and Young, passed without officially signing, with only a comment that it complies with the CBN Act, covers issues such as investment of a huge amount of money in an Islamic bank in Malaysia without any guarantee of its generating returns.
Others are write-off of about N3.5 billion CBN staff housing loan and the donation of about one billion naira to a political party to open up offices across the country. This donation, which was given under the special access item in the account, is believed to be geared towards furthering Sanusi’s alleged political ambition in the 2015 general elections.
The query touched other issues such as refusal of the apex bank to consolidate in its account, the trillion debt owed by the Asset Management Company, AMCON, and the non-disclosure of the total liabilities through the bond floated by the company.
The governor was also asked to explain the discrepancies noted in the 2012 account regarding the Nigerian Security Printing and Minting Company, a subsidiary of the apex bank.
Other issues include the controversial donations made to some higher institutions in the country. Investigations have shown that some of the donations were inflated in the bank’s books For example, while the Bayero University Kano, BUK, was said to have collected N4billion, the school authorities claimed it got only N1billion. 
The apex bank’s account became suspicious when the governor refused to submit it to the Financial Reporting Council, FRC, the body with the mandate to ascertain the compliance of companies with accounting standards, and the International Financial Reporting Standards, IFRS. Rather than submitting it to the body, the governor requested for seven years’ grace for the CBN to comply with FRC stipulations.
The audit report of the account, which was submitted directly to the President, was later forwarded to the economic adviser to the President for his appraisal. The official okay the account and noted that it complied with the CBN Act. However, unhappy with the economic adviser’s comment, Jonathan returned the report to him and drew his attention to the refusal of the auditor to sign the account.
An official of Institute of Chartered Accountant of Nigeria, ICAN, told our reporter that an audit report is worthless when it does not carry the signature of the auditor. This is not the first time the CBN account will be open to scrutiny but the bank has always hidden under its autonomy to stave off close inspection. The apex bank is on the first line charge and receives its appropriation directly from the federation account and exercises enormous financial autonomy.
In May, the public accounts committee of the House of Representatives also had cause to query several expenditure items amounting to N4.7 billion in the CBN accounts. This included the N2.8billion which the bank said it spent on the construction of its Port Harcourt branch.
The House in turn had worked with a report from the office of the auditor general of the federation which [size=15pt]queried extravagant expenditure by the apex bank for which documents were not made available for verification.[/size]
Chairman of the House committee on public accounts, Solomon Olamilekan at a meeting with officials of the bank alleged that there were indications that due process was not followed in expenditure as no documents were provided.
Some of the transactions that the committee queried include the sums of N23 million and N50claimed to have been spent for the same purpose of renovating the governor’s official residence as well as N848 million spent on the purchase of a property from the National Planning Commission without any transaction agreement.
However, like many probes of public institutions by the National Assembly, the matter appears not to have been pursued. The N4 billion donation to BUK questioned in the President’s query had not even been known to the public. What had irked many Nigerians, including federal lawmakers, was the donation earlier in the year of N100 million to victims of terrorism in Kano, Sanusi’s hometown.
The House of Representatives entertained a motion on misuse of public funds on the donation which degenerated into a rowdy session. Many members accused Sanusi or misuse of public funds. Member from Yobe State, Goni Lawan, described Sanusi’s donation of N100 million to Kano State and another N25m gift to Madalla bomb blast victims as “an act of terrorism”, arguing that attacks in Yobe and Borno states did not attract the same monetary consolations from the CBN governor. “When I first heard of the action of the CBN governor, I was surprised. I asked whether Yobe and Borno states were not parts of Nigeria, as these attacks took place there first,” Lawan said.
Attempts to get the apex bank to react our story were unsuccessful. Over a week ago, when our reporter contacted the corporate affairs director of the CBN, Ugochukwu Okoroafor, and confronted him with the various issues noted in the CBN 2012 audited account, he claimed ignorance of any presidential query to the governor. “I don’t know what donation you are talking about. Was it done in cash? I’m not aware of the things you are saying. If you can provide me with this document that would help, because I haven’t seen it,” he said. Okoroafor said he was out of town on an official assignment in Abia State and would not be back until last weekend. A mail asking him to respond to specific allegations about a write-off of about N3.5 billion CBN staff housing loan, donation of about N1 billion to a political party to open up offices across the country as well as the donation of N4 billion to the Bayero University Kano, among others, has not been replied. Also, reminder text messages to the CBN spokesman have been ignored
http://247nigerianewsupdate.com/jonathan-queries-sanusi-over-22-fraudulent-act-discovered-at-cbn/ |
Politics › Re: Jonathan Queries Sanusi Over 22 Fraudulent Act Discovered At CBN by anonimi: 9:59am On May 14, 2015 |
Kachi188: Jonathan Queries Sanusi Over 22 Fraudulent Act Discovered At CBN 04 January 2014
President Goodluck Jonathan has queried the governor of the Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi, over various infractions detected in the apex bank’s 2012 audited account.
The query, which covered 22 issues bordering on massive fraud at the bank, was sent to the governor on May 6 and the response, though expected back on May 8, was submitted to the President on May 21.
The query of the bank’s account, which its auditors, Ernst and Young, passed without officially signing, with only a comment that it complies with the CBN Act, covers issues such as investment of a huge amount of money in an Islamic bank in Malaysia without any guarantee of its generating returns.
Others are write-off of about N3.5 billion CBN staff housing loan and the donation of about one billion naira to a political party to open up offices across the country. This donation, which was given under the special access item in the account, is believed to be geared towards furthering Sanusi’s alleged political ambition in the 2015 general elections.
The query touched other issues such as refusal of the apex bank to consolidate in its account, the trillion debt owed by the Asset Management Company, AMCON, and the non-disclosure of the total liabilities through the bond floated by the company.
The governor was also asked to explain the discrepancies noted in the 2012 account regarding the Nigerian Security Printing and Minting Company, a subsidiary of the apex bank.
Other issues include the controversial donations made to some higher institutions in the country. Investigations have shown that some of the donations were inflated in the bank’s books For example, while the Bayero University Kano, BUK, was said to have collected N4billion, the school authorities claimed it got only N1billion. 
The apex bank’s account became suspicious when the governor refused to submit it to the Financial Reporting Council, FRC, the body with the mandate to ascertain the compliance of companies with accounting standards, and the International Financial Reporting Standards, IFRS. Rather than submitting it to the body, the governor requested for seven years’ grace for the CBN to comply with FRC stipulations.
The audit report of the account, which was submitted directly to the President, was later forwarded to the economic adviser to the President for his appraisal. The official okay the account and noted that it complied with the CBN Act. However, unhappy with the economic adviser’s comment, Jonathan returned the report to him and drew his attention to the refusal of the auditor to sign the account.
An official of Institute of Chartered Accountant of Nigeria, ICAN, told our reporter that an audit report is worthless when it does not carry the signature of the auditor. This is not the first time the CBN account will be open to scrutiny but the bank has always hidden under its autonomy to stave off close inspection. The apex bank is on the first line charge and receives its appropriation directly from the federation account and exercises enormous financial autonomy.
In May, the public accounts committee of the House of Representatives also had cause to query several expenditure items amounting to N4.7 billion in the CBN accounts. This included the N2.8billion which the bank said it spent on the construction of its Port Harcourt branch.
The House in turn had worked with a report from the office of the auditor general of the federation which [size=15pt]queried extravagant expenditure by the apex bank for which documents were not made available for verification.[/size]
Chairman of the House committee on public accounts, Solomon Olamilekan at a meeting with officials of the bank alleged that there were indications that due process was not followed in expenditure as no documents were provided.
Some of the transactions that the committee queried include the sums of N23 million and N50claimed to have been spent for the same purpose of renovating the governor’s official residence as well as N848 million spent on the purchase of a property from the National Planning Commission without any transaction agreement.
However, like many probes of public institutions by the National Assembly, the matter appears not to have been pursued. The N4 billion donation to BUK questioned in the President’s query had not even been known to the public. What had irked many Nigerians, including federal lawmakers, was the donation earlier in the year of N100 million to victims of terrorism in Kano, Sanusi’s hometown.
The House of Representatives entertained a motion on misuse of public funds on the donation which degenerated into a rowdy session. Many members accused Sanusi or misuse of public funds. Member from Yobe State, Goni Lawan, described Sanusi’s donation of N100 million to Kano State and another N25m gift to Madalla bomb blast victims as “an act of terrorism”, arguing that attacks in Yobe and Borno states did not attract the same monetary consolations from the CBN governor. “When I first heard of the action of the CBN governor, I was surprised. I asked whether Yobe and Borno states were not parts of Nigeria, as these attacks took place there first,” Lawan said.
Attempts to get the apex bank to react our story were unsuccessful. Over a week ago, when our reporter contacted the corporate affairs director of the CBN, Ugochukwu Okoroafor, and confronted him with the various issues noted in the CBN 2012 audited account, he claimed ignorance of any presidential query to the governor. “I don’t know what donation you are talking about. Was it done in cash? I’m not aware of the things you are saying. If you can provide me with this document that would help, because I haven’t seen it,” he said. Okoroafor said he was out of town on an official assignment in Abia State and would not be back until last weekend. A mail asking him to respond to specific allegations about a write-off of about N3.5 billion CBN staff housing loan, donation of about N1 billion to a political party to open up offices across the country as well as the donation of N4 billion to the Bayero University Kano, among others, has not been replied. Also, reminder text messages to the CBN spokesman have been ignored
http://247nigerianewsupdate.com/jonathan-queries-sanusi-over-22-fraudulent-act-discovered-at-cbn/ |
Politics › Re: BREAKING!!! Jonathan’s Senator, Rep, Others Defect To APC by anonimi: 9:45am On May 14, 2015 |
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Politics › Re: BREAKING!!! Jonathan’s Senator, Rep, Others Defect To APC by anonimi: 9:39am On May 14, 2015 |
OKKO: This people are not the newly elected; they are losers of last election which PDP denied ticket at primaries. Now after performing poorly and been boot out, they now turn around to seek the face of APC. Some ppl above me are already rejoicing and coursing other ppls tribe. Ok Too many dumbos on nairaland and in our dear country who, paradoxically, will be the first to call someone smarter than they are clueless  Na so with dem e-diotic change chanters https://cdn.makeagif.com/media/3-15-2015/7XJFp9.gif |