₦airaland Forum

helinues:
It is either Bello is using football age or his mum's age incorrect

Davash222:
Only a fool would believe Yahaya is 44... same fool also believes Buhari is 78... Same fool still believe Buhari will hand over to a Yoruba man.

ALABACONNECT:
Everything about this system is just sad.

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Realdeals:
While Atiku's opinion might sound good to the citizens, I doubt he would have done same if he's the President.
Nigerians must stop being swayed by word of deceit from the mouth and look beyond the pen.

globalresource:
Atiku would have handle our economy better, I think

citizenisb:
Former President Olusegun Obasanjo says President Muhammadu Buhari may not do well in economy and foreign affairs, except in military matters.

“Buhari is not a very hot person on the economy and foreign affairs,” Obasanjo said.

The former President stated this on Monday at the third International Conference on African Development Issues — themed, “Driving inclusive and sustainable development in Africa: Models, methods and policies” — organised by Covenant University, Ota, Ogun State.

While reacting to a question posed to him by a member of the audience: “Is there any hope for Nigeria under the administration of President Muhammadu Buhari?”, Obasanjo replied, “Is there any hope for Nigeria under this administration? I came back from Geneva, Switzerland a few days ago to attend a conference titled, ‘Are elections giving democracy a bad name?’ We had an election, we elected a leader and the good thing about democracy is that the power you have to elect a leader is also the power you have to remove him. I am saying this because I said earlier that if you don’t see any leader that has done well in the 56 years of Nigeria’s independence, then let us forget about Nigeria.

“I will tell you what I know and I will tell you what I don’t know. I know Gen. Muhammadu Buhari. He served under me in the military. His characteristics that I know, his behaviour that I know, he has not deviated from them. He was never a perfect man, he is not a perfect man and no leader can ever be a perfect man because they are human beings. But if you read my book, what I said about him is correct. He is not a hot person when it comes to economy. He is not a very hot person when it comes to foreign affairs. But he will do well in matters of military and he will do well in fighting Boko Haram.”


http://www.punchng.com/buhari-not-sound-economy-foreign-affairs-obasanjo/

TallPck1:
Supreme court is APC.

Karatum:
FG wants corona to kill a lot of Nigerians so he can give their lands to Fulani herdsmen for RUGA. Most visitors from these countries rarely visit northern Nigeria. Its a ploy to finish southerners so he can pounce on their lands

ignis:
Let them Continue...
We all die here.

anonimi:
Reminds me of RibaduN.
Used and dumped by Thiefnuibu

kikero:
Sanusi is not going to run.

Because, in Nigeria, most Nigerians have a tendency to despise intellectuals in politics. And SLS is a stereotypical intellectual. (He also comes across as proud...a big turnoff to many voters).

Secondly, SLS has stepped on too many toes. He has annoyed many in the South because he helped clean up the banking sector (affected a lot of Southerners) and also 'shamed GEJ' and many Northerners don't like him because he told too many home truths as Emir.

And on the economic sector, SLS is known to oppose fuel subsides...and thinks they should be removed.Most Nigerians, despite the fact that the subsidy regimen has wrecked our economy badly, don't support fuel subsidy removal.

SLS is not going to be President. Nigerians don't vote for SLS type candidates...the erudite, serious intellectual types, because because. The political elite don't like SLS type candidates either because they make them feel uncomfortable and afraid ,(and speaking of the elite, they have already laid traps for SLS, both in PDP and APC, for him to trip off)...so expecting SLS to come and 'do something' ...is like expecting a lion to suddenly declare that it is a vegetarian after all.

The truth is, Nigerians prefer their system as it is. They may grumble about 'bad governance' but every year, they vote for the same source of the bad governance. Even those who write long epistles bashing the government in power support opposition candidates who are the mirror image of the government in power. SLS is not the messiah, nor is he perfect.But to the Political elite and to the ordinary man and woman in the street he represents uncertainty of a kind they don't like. And that's why he can't win, and that is why he must be opposed at all costs...even if it means legal charges.

There is the Oscar Wilde story of a prince who in order to show his people that he understood their sufferings, dressed humbly as a poor shepherd for his coronation. His people's response ....see this person. Who he be self?? The truth of the SLS debacle is that Nigerians don't want an angel they don't know. They rather prefer the dragon that ruled and is ruling and will rule, and has ruled over them. At least they can predict what the dragon would do. Angels are unpredictable beings....besides, some of them do sin!

Dee60:
6 million Fulanis always rulling over 180 million others because the tribe always outsmarts others. People just need to think! Sadly, however, they dont.

SLAP44:
The truth is that, Sanusi will make a better president than Tinubu.
Educated
Royal
Experienced
White teeth
Tinubu for Vice president!

IWTBAB:
u mean just like diezani u support 24/7 online vamoose? miscreant

tatatar:
Enemies of the nation

Noerection:
Ibo thugs

Eteka1:
Mumu people. Who has ever asked States or Geopolitical Zones to pay a debt owed by Federal Government before?

NaijaRoyalty:
Very very good

texazzpete:
Are you sure you should be bringing this up? Afterall, it was Sanusi’s brilliant response to these amateurish, hastily cooked up charges that finally showed the world what an inept clown GEJ was a President.

GEJ probing Sanusi for expenditures the president himself signed off on was one of the funniest moments of 2013/2014.

anonimi:
Sanusi/CBN/FRCN indictment report continued


(C) Available information indicates that the Central Bank has over the years engaged in procurement of goods, works and services worth billions of Naira each year without complying with the express provisions of the PPA.

(D) By deliberately refusing to be bound by the provisions of the Act, the CBN has not only decided to act in an unlawful manner, but has also persisted in promoting a governance regime characterised by financial recklessness, waste and impunity, as demonstrated by the contents of its 2012 Financial Statements.

Unlawful expenditure by the Central Bank of Nigeria on ‘Intervention Projects’ across the country

(A) the unacceptable level of financial recklessness displayed by the leadership of the Central Bank of Nigeria is typified by the execution of ‘Intervention Projects’ across the country. From available information, the bank has either executed or is currently executing about 63 such projects across the country and has committed over N163billion on them.

(B) it is inexcusable and patently unlawful for any agency of government to deploy huge sums of money as the CBN has done in this case, without appropriation and outside CBN’s statutory mandate. It is trite that the expenditure of public funds by any organ of government must be based on clear legal mandates, prudent costing and overriding national interest.

Financial infractions and acts of financial recklessness committed by the Central Bank as reflected in its audited financial statements of 2012

(A) pursuant to Section 50 of the CBN Act 2007, a copy of the audited financial statements of the CBN for the year ended 31st December 2012 was sent to Mr. President. Based on the issues raised in the financial statement, a reaction was requested from you to enable a proper appreciation of the nation’s economic outlook.

(B) the response to this query was further referred to the Financial Reporting Council of Nigeria. The review by the council, rather than allay the fears of government, further confirmed concern bout the untidy manner in which you have generally conducted the operations of the CBN.

Some of the salient observations arising from the review are;

(A) in a most ironical manner, it has become obvious that the CBN is not able to prepare its financial statements using applicable International Financial Reporting Standards (IFFS) whereas Deposit Money Banks that the CBN is supervising have complied with this national requirement since 2012.

Undoubtedly, this laxity on the part of our apex bank, apart from calling to question its capacity for proper corporate governance, is capable of sending wrong signals to both domestic and international investors on the state of the Nigerian economy.

(B) the provisions of the Memorandum of Understanding (MOU) signed by the CBN and other Deposit Money Banks on Banking Resolution Sinking Fund have been breached in a material manner. For example, a Board of Trustees (BOT) to manage the Fund has not been constituted since 2010 when it was established. The CBN has however continued to utilise the Fund for certain operations without approval of the said BOT.

(C) contrary to section 34 (b) of the CBN Act 2007 which provides that the CBN shall not, except as provided in Section 31 of the Act, inter alia, purchase the shares of any corporation of company, unless an entity set up by the approval or authority of the Federal Government,m CBN in 2010, acquired 7% shares of International Islamic Management Corporation of Malaysia to the tune of N0.743 billion. This transaction was neither brought to Mr. President’s attention nor was a board approval obtained before it was entered into.

(D) the CBN has failed or refused to implement the provisions of the Personal Income Tax (Amendment) Act 2007. Accordingly the Pay-As-You-Earn (PAYE) deductions of its staff are still being computed in accordance with the defunct Personal Income Tax Act 2004, thus effectively assisting its staff to evade tax despite the generous wage package in the CBN, relative to other sectors of the economy.

(E) the CBN had an additional brought forward to General Reserve Fund of N16.031bn in 2012 but proceeded on a boy age of indefensible expenses in 2012 characterised by inexplicable increases in some heads of expenditure during the year. Examples include:

1. The bank spent N3.086bn on “promotional activities” in 2012 (up from N1.084bn in 2011). The bank spent this sum even when it is not in competition with any other institution in Nigeria;

2. The CBN claimed to have expended N20.202bn on ‘Legal and Professional Fees’ in 2011 beyond all reasonable standards of prudence and accountability;

3. Between expenses on ‘Private Guards’ and ‘Lunch for Policemen’, the CBN claimed to have spent N1.257 billion in 2012;

4. While Section 6(3)(c) of the CBN Act 2007 provides that the board of the CBN is to make recommendations to Mr. President on the rate of renumeration to Auditors, the bank has consistently observed this provision in breach and even went to the extent of changing one of the Joint External Auditors without notifying the office of the President.

5. In the explanations offered by the CBN pursuant to presidential directives, it offered a breakdown of ‘Currency Issue Expenses’ for 2011 and 2012. Interestingly, it claimed to have paid N38.233bn to the Nigerian Security Printing and Minting. Company Limited (NSPMC) in 2011 for ‘Printing of Banknotes.’ Paradoxically however, in the same 2011, NSPMC reported a total turnover of N29.370bn for all its transactions with all clients (including the CBN).

6. It is significant to note that the external audit revealed balances of sundry foreign currencies without physical stock of foreign currencies in the CBN Head Office.

Questionable write-off of N40bn loans of a bank

The above issues are only a few of the infractions highlighted by the review and which point to the gross incompetence and recklessness which characterised the operations of the CBN in the period under review.

However, the CBN also claimed that it paid Air Charter, such as payments to Emirate Airline (N0.511bn), Wing Airline (N0.425bn) and Associated Airline (N1.025bn) to distribute currency by air nationwide. Emirate Airline does not fly local charter in Nigeria, Wing Airline is not registered with Nigeria Civil Aviation Authority and Associated Airline does not have a billion turnover for 2011 because upon enquiry, the management claimed that they have no financial statements and have not had any significant operations for the past two years that will warrant preparation of financial statements.

The breakdown also include “Currency Issue Expenses” of N1.158bn and Sundry Currency charges of N1.678bn under “Currency Issue Expenses.” As they are in 2011 so are similar expenses in 2012. These are difficult to understand.

Other areas of fraudulent activities include

1. Facility Management N7.034bn in 2012 (N5.751bn in 2011.

2. Foreign Bank accounts that have been closed offshore were still operational in the General Ledger for over six months after they have been confirmed as closed accounts by the offshore banks.

3. The “Know Your Customer” policy is not properly followed by the CBN to the extent that the CBN has unknown customer with account balance of N1.423bn since 2008. The CBN claim that it is taking steps to obtain the required details regarding the address of the customer.

Wastefulness

1. Training and travel expenses N9.24bn in 2012 up from N7.65bn in 2011.

2. Expenses on “ATM offsite policy change” came to N1.045bn.

3. Expenses on “Non Interest Banking” N1.359bn in 2012 up from N0.977bn in 2011.

The CBN is still very heavy on expenses on “Project Eagles” spending N0.606bn in 2012 up from N63m in 2011.

Expense on newspapers, books and periodicals (excluding CBN’s publications) is N1.678 billion in 2012 up from N1.670bn in 2011,


From: http://www.punchng.com/news/the-frcns-report-on-sanusi/

chatinent:
Where the money goes, only some political few there knows.

Blue3k2:
Gandolla wont rest until this guy is behind bars. Sanusi has good lawyers lets see if he beats the case.

barcanista:
Since I was born, I have never witness the kind of hypocrisy, double standard and demonisation that is currently perpetrated by Muhammadu Buhari, the APC, Alhaji Sanusi, Osinbajo and their "good governance crusaders" against the person of President Goodluck Jonathan, Allison Madekwe, and other government officials.

Alhajis Buhari and Sanusi and APC have been going about using every platform to talk about a "missing $20b", cheered by their hypocritical followers that pride themselves as good governance crusaders. They have deliberately gone blind over the fraud of CBN under Sanusi as outlined by the Financial Reporting Council of Nigeria report in February 2014.

Sanusi Indicted And Removed For Fraud
According to the report (see below) Sanusi was indicted for Gross Misconduct that bothers on fraud and financial recklessness among other offence. The FRCN subsequently advised Mr President to remove Lamido Sanusi from office for further investigation and probe after the explanation of Sanusi appeared more like a tale and outrightly illogical according to FRCN. The council indicates that the explanation provided by Sanusi is “a clear display of incompetence, nonchalance, fraud, wastefulness, and abuse of due process and deliberate efforts to misrepresent facts on the part of the leadership of the CBN.”

The council advised the President to exercise the powers conferred on him by Section 11(2)(f) of the CBN Act 2007 or invoke Section 11(2)(c) of the said Act “and cause the governor and the deputy governors to cease from holding office in the CBN.”


April 2014: VP-elect Yemi Osibanjo Filed Case To Stop Sanusi Probe
Rather than Sanusi to prove his innocence in court, he filed a case in Federal High Court, Lagos to STOP FRCN and Other Security Agencies from investigating and prosecuting him through three Senior Advocates of Nigeria, Prof. Yemi Osibanjo, Dr. Kanyinsola Ajayi and Kola Awodien.
http://www.theguardianmobile.com/readNewsItem1.php?nid=24587

13 May 2014: Lagos Judge Tshoho Grants Sanusi Prayers
High Court Judge John Tshoho rather than uphold the constitutional powers of FRCN to investigate probe Sanusi, he granted the prayers of Lamido Sanusi and BARRED FRCN from further investigation or probing Sanusi Lamido Sanusi. In his own words...
“Prejudice is very pronounced in the language of that document. The language of the briefing note (transmitted by the FRCN to the presidency) conveys a sense of the defendant desperately goading the presidency to deal with the plaintiff,”
“The plaintiff submitting himself for investigation (by FRCN) is like the cockroach finding itself in the midst of fowls. Such a cockroach cannot be innocent,”.
http://www.tv360nigeria.com/?p=11923

Despite the fact the President Jonathan commissioned PWC to audit NNPC books to ascertain the veracity or otherwise of Sanusi's claim, Buhari, APC, Sanusi and their online agents that parade themselves as good governance and anticorruption apostles have been crying blue murder but refused to comment on the FRCN report nor the APC's VP elect role in shielding Sanusi for probe.

April 26, 2015: Buhari's Display of Hypocrisy
In his usual hypocrisy, General Buahri vowed to re-visit the $20b allegation but said NOTHING about the FRCN report. In his own word... “Imagine a situation where the former CBN governor who by God ‘s grace would later become the  Emir of Kano raised an  issue of missing billions of money, not in Naira but in Dollars, $20 billion.
“What happened, instead of investigating to know whether it was true that the money was missing or not, they simply found a reason to remove him. So these are the issues we are talking about…"
Contrary to the lies of Alhaji Buhari, Sanusi wasn't removed because he raised alarm, he was removed because he was indicted by FRCN. Jonathan also never kept mute, he commissioned PWC to audit the books. Buhari was also blind to talk about prosecuting Sanusi for the CBN fraud. Perhaps the Emir is as "incorruptible" as him(Buhari)

donbachi:
Soldiers killed and buried...boko harm members caught and be rehabilitated...anything again?

Sluacoast:
I understand you. So it's now a crime to seek for help when elsewhere since things aren't going fine for you. I pray you should never encounter this tragedy that has befall me. Thank you. Your words alone motivate me to fight. But yet death is inevitable

iammo:
Western Nigeria Seciurity Network code named Amotekun designed and introduced by DAWN commission, Dawn Commission facilitated accusation of Lands in Oyo State by Lagos state for rice farming.. they have done more

Sluacoast:
It's not easy my brother. I am as well the eldest son. Let's chat private. If things are not that bad for me. I wouldn't have come here.

Okoroawusa:
That was gas going up there n they thought it was child's play until the explosion!!!!
We take things for granted too much. They should have contacted the relevant authorities immediately...
Oh!....the devastation is too much

Sluacoast:
So you believe I would just wake up one morning , because of some little penny I may gain here. I will joyfully declare that my mother is late. Man, I am more than this. Just because I need some help towards this hard period of life. You don't know, pls don't label anything you see with the way you highlighted a part of my post. Text me if you think I'm here to deceive gullible Nigerians who out of pitied tend to help me towards my hard time. God will surely reward you all. WhatsApp 08093564763

iammo:
You are really dull,and that's not an insult, its far more like a compliment to you and an insult to dull people.. Amotekun is a brain child of DAWN (Developmental Agenda of Western Nigeria commission) and DAWN commission started from few years ago with SouthWest Governors, Speakers, Commissioners meeting every 3 months, since the era of Ajimobi, Ambode, Fayose, Aregbesola Akeredolu and Amosun, they were just not so useless to hug the camera like makinde at all oppurtunity

About DAWN Commission

The DAWN Commission is the dedicated technocratic institution for the sustainable development of the Southwest Region. DAWN Commission, was set up by the Governments of the Southwest States of Nigeria as the institutional and programme management body to midwife their Regional Integration Agenda. It is therefore the dedicated coordinating agency, fully empowered by the Governments to ensure the delivery of the composite development aspirations of the Region, as expressed in what has been generally adopted and known as the Development Agenda for Western Nigeria (DAWN).

Mr. Seye Oyeleye, as the Director General is leading a diverse team of professionals, saddled with the mission of ensuring that the Development Agenda leads to improvement in the well-being and quality of the lives of the people of the Region. Mr. Oyeleye, who was appointed the Substansive Director General of DAWN Commission at the Western Nigeria Governors’ Forum, is an Administrator and a Strategic Management expert who has worked in a myriad of middle level and senior management positions both in the public and private sector in Europe and Nigeria for over twenty-five (25) years. He has served in various capacities in the United Kingdom Civil Service and Local Government ranging from the Ministry of Agriculture to the Department of Work and Pensions and both the London Boroughs of Hammersmith and Fulham Waltham Forest and Hackney.

The Development Agenda for Western Nigeria (DAWN) formally became a reality with the formal inauguration of our office, DAWN Commission in July 2013. While we do know that our vision will not be achieved overnight, we have aggressively been plugging away at it.

http://dawncommission.org/about-us/

Sluacoast:
I lost my mom, things have been very difficult for me. Her burial arrangement is coming up soon. Pls help a brother with whatever you can assist with. I will call you and thank you personally just quote me later on with any number so I'll be able to reach each and everyone of you who contributed towards your generosity towards humanity. (precious Iheneche 2092186875 uba bank). Thank you for your utmost sincerity.

iammo:
Alafin no send anybody, he distanced himself from Mr Propaganda Audio Governor till he knew sense is returning to him hence the visit, and he had to go ask him face to face abi you wan sanction me as one small boy from ekiti instructed you

As usual its the marginalized political dunce hailing Audio Governor, they hailed and hailed sanusi, while the real kano people looks on at their intense stupidity.

evil1:
Well I don't know much about Edo politics. I only schooled in Edo State.
But my analysis are that Efo State is mainly chararcterised by traditional history and withouth Oshiomhole Obaseki would not have become a governor because the Oba line didn't want him but persuasion made the people accept babas candidate.
But here is a man trying to godfatherism at the very wrong hour just like GEJ, Ambode, Fashola escaped it shaa.
So my take is this if Obaseki is either suspended or not given the ticket to do second term Edo State might loose it. Cos I see so many Edo many are in support of him

Farki:
I thought Buhari was offering a lifeline, 50/50 but he has split his camp in 2, phone a friend but his friends abandoned him and ask the the audience but he has angered the people he came across.
Anyway here's Obaseki waving goodbye to his enemies this new week.

Sermwell:

https://www.youtube.com/watch?v=Vw43BVPasDM

Where is the 'human face' in governance?

Woke up with strength and vigour this morning and was up to face today with all hopes and aspirations but was sad & almost started crying after watching this video.

I've been an advocate of leaders been strong at all time with will power to carry out leadership responsibilities. And that emotional leaders don't go far but certainly not this way.

In leadership and governance, there's a place for 'Human face' no matter the circumstances. Widows to the best of my knowledge are integral part of our society and if we don't apply human face when dealing with them, am afraid we are far from getting there as a people.

Two wrongs indeed can never make things right and as such, can't fathom why the Governor of Edo State, Comrade Adams A. O. will treat this widow like this and even tell her to go and die when she's struggling to provide food for her family. I think it would've been far better to make her pay a fine for her wrong doing than this humiliation.

The agony of the poor in our society......


http://saharareporters.com/video/video-unkindest-cut-all-governor-adams-oshiomholes-mean-words-poor-widow/

Sunofgod:
Expected......Nigerian politicians are only out for themselves. They're extremely treacherous!

themonk:
Gas explosions is not chain reaction Bros, same way writing in capital letters does not make you a genius.