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AroOkigbo's Posts

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Business › Re: Why we won’t devalue naira – CBN by AroOkigbo(m): 1:39pm On Jul 04, 2015
UnknownT:
We need to hear from Nairaland's Chief Economist Prof. Ms Ngeneukwenu. Please come and throw more light on the issue grin
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Home economist you meant?
Business › Re: Nigerian Naira Drops Down Again, $1 = N230 by AroOkigbo(m): 4:55am On Jul 02, 2015
For once, the drilling machine is envious of the naira...really going deep down.
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So much for chanji..#1=$1
SCAM!!
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Pront fage please!!
Car Talk › Re: Fatal Accident Today Along Creek Road,Apapa(Graphic Photos) by AroOkigbo(m): 1:32pm On Jul 01, 2015
UAE123:
Motorcycle (okada) riders shd pls ride their motorbikes wit care & caution. They shd also remember to put on their crash helmet . Meanwhile, RIP to d dead.
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Crash helmet! !
Very very important.
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RIP to the dead...may God comfort his family
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 12:47pm On Jul 01, 2015
PAGAN9JA:
Ah I see.

Paganism is not one religion. It is an umbrella term for all pure ethnic/tribal religions that have existed since the dawn of mankind. albeit fulfilling certain criteria. which ive mentioned in one of my previous older topics. You may want to go through them to understand Paganism. IT is the religions of everyones forefathers including yours.

Yes those "native doctors" you mean Babalawos, etc.? Then Yes. if they perform religious functions as well.
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Do you also believe in the existence of a supreme being...the creator of the universe whom christians call God (or Allah, according to Muslims)?
What's your view about creation?
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 6:57pm On Jun 30, 2015
PAGAN9JA:
There is no last day in Paganism. one reaps what he/she sows immediately, either in this life or the aftermath.
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Are you for real...lol
@your username
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Anyway, what I mean by last day here is that period where the obvious transition from "this life to the aftermath" occurs...in otherwords...death.
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Pagan9ja, pls educate me about this religion called "paganism".
Would the contemporary native doctors be your members?
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 5:26pm On Jun 30, 2015
DravenCreighton:
Willingness to educate goes hand in hand with the students willingness to learn, I'm sure the reason you said this is Because you're new to the religious section, they don't want to learn, they just love spewing insults on us. But people like rilwayne001 try their best.
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You are right, my first time going deep in the religious section. Learnt from a friend dat it's as easy to get banned by some overzealous mods here.
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But don't forget dat perseverance remains the key in spite of whatever insults. How you respond to "those insults" matters. Those who will learn will learn.
Even pagans know how to decipher wrong from good... how much more any organised religion.
We all are humans before we are Christians or Muslims or pagans...etc.
One thing is sure...last day... accounts of our earthy lifes...judgement...reward (good or bad)
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 8:47am On Jun 30, 2015
DravenCreighton:
Yeah well no offense, but most of the christians on this forum aren't as understanding as you are.
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That's exactly why you should be willing to educate them...say things as they are. ..no holds barred...not trying to justify one negative action because of another.
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It makes one feel you are sympathetic to an unjust cause.
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Dat a pastor raped a young girl should not make you defend an imam who committed a similar crime.
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And thanks for the compliment. I still believe a peaceful and prosperous world is achievable. Before religion, we are first HUMANS.
Politics › Re: El Rufai Appoints Bringbackourgirls Founder As Chief Of Staff by AroOkigbo(m): 8:29pm On Jun 29, 2015
fidnas:
sorry but I live in that geopolitical zone and the truth is there's a parental influence at play around here where children are encouraged to do sciences even when they promise better performance in arts. I've seen a school where out of over 160 candidates, just 18 are sitting for arts subjects Infact today's literature for NECO only 3 registered.
You may be right however we ain't talking about the TOTAL number of students.
You actually believe dat over 200 GIRLS were present in a SINGLE NORTHERN (Chibok village not even a town) school to write PHYSICS??
Hmm!!
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 8:00pm On Jun 29, 2015
Rilwayne001:
That's one the reason why we shouldn't take them serious or tag them as muslims. Boko haram is an idealogy. They believe those who do not agree with their idea is an enemy and deserved to be killed (muslims included). Aside that, their major campaign earlier on was against western-education, which late evolved to the way they are today.

The Quran forbids killing non-combatat, as well as those who do nt oppress us, BH and co. erred from this.




The 2 are the major denomination in Islam. The split originates in a dispute soon after the death of the Prophet Muhammad (SAW) over who should lead the Muslim community.

Members of the two sects have co-existed for centuries and share many fundamental beliefs and practices, until recently, with the emergence of the evil ISIS. ISIS like BH as explained up there is idealogy ready to deal with those who don't agree with their fanatic ideas, hence the reason for the bombing of shia's mosque.






Nobody is saying that Islamic terrorism is not a matter of concern, but it's grossly exaggerated. These links should help:

https://www.nairaland.com/1177010/hoaxes-fabrications-islam-muslims

http://islam101.net/index.php/human-rights/terrorism/72-europol-report-all-terrorists-are-muslimsexcept-the-996-that-arent

http://www.independent.co.uk/news/world/americas/white-people-are-the-biggest-terror-threat-in-the-us-report-finds-10342987.html




I feel bad about it, because they are not doing the will of Allah (SWT), and at the same time, I feel bad about the media who are hell bent on exaggerating news that has to do with a muslims extremist and paying no or less attention to those that are non-muslim (the charlston shooting for example) .



[b] I believe they are doing enough. There has been strong condemnation coming from thousands of clerics against their act, I would have love to supply you with a lot of llinks, but I doubt if you would read them, which in turn is the major reason why most non-muslims thinks the clerics are not doing enough. Theae ones should help though:

https://www.nairaland.com/1843878/shocking-reason-why-muslims-dont

http://www.independent.co.uk/news/uk/home-news/islamic-scholar-tells-british-muslims-to-march-for-peace-to-show-they-dont-quietly-condone-terrorism-10349178.html

As per being recruited into ISIS, Bh and co. We all know the join them not because they want to serve God, but because they want to serve themselves with wordly things. We have heared boko haram recruiting their members with about $5000. While huge numbers of young muslims are turning to ISIS because they want SEX, http://www.dailymail.co.uk/news/article-3126987/Huge-numbers-Muslims-turning-ISIS-want-SEX-reveals-former-Islamist-says-resent-freedoms-Western-youths-have.html Can you imagine such people doing the will of GOd like that? [/b]
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Thanks for your intelligent response. I have just realised that I've deviated from the original poster who tried to be reluctant to say it as is.
I like Muslims of your type. ..some will not be able to write without insults.
I am a christian and have friends who are good muslims.
I do sympathise with them over the activities of these extremists who give your religion a bad name.
Be of good cheer and continue to preach in a peaceful manner knowing full well that crime does not have a religion. Afterall who, in his or her right mind, doesn't want a peaceful and prosperous earth to live in?
Christianity may not have suicide bombers tied to it yet there are other crimes that are more common among individuals who profess the christian faith even though the perpetrators may not align it with the religion (drawing inspiration from the holy Bible).
May God bless you and yours.
#EDITED#
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 8:22am On Jun 29, 2015
Rilwayne001:
Most of the bombing occured in motor parks or targetted at where there are vast numbers of people. And as we all know muslims are much more in northern Nigeria that christian. Therefore, we can savely say christian are only killed when church is attacked while on the other way round, muslim are killed in other remote places. But come to think of it, the casaulty suffered in the Kano mosque bombing is far much more than any church bombing. And at the same time, I don't think there has been any church bombing this year, while there has been about 4 cases of mosque bombing. Potiskum, a muslim dominated area, has been bombed several times, with several casaulties announced.

So therefore, my answer to your question is 'YES'.
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So sorry to hear.
What a mature response!! Others would have started cursing and accusing me.
But tell me why Islamic bh will kill fellow muslims.
I noticed same thing btw sunni and shai muslims in Iraq.
Why are most terror related acts linked to Islam? And how do you (and other peaceful muslims) feel about it?
Do you think your leaders are doing enough to discourage more muslims from being recruited into terror acts.
Thanks.
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 6:31am On Jun 29, 2015
Rilwayne001:
I guess you are not in Nigeria.
. Would you truly say most of the bombings occured in a mosque?
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 8:08pm On Jun 28, 2015
DravenCreighton:
So who do you think has more casualties?
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I would say Christians. ..afterall churches received most of the bombing.
Wouldn't you think so?
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So tell me why most terrorist groups usually profess islam?
Is the promise of 72 virg.ins actually real...and the intent?
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 7:53pm On Jun 28, 2015
DravenCreighton:
Lol! I'm sorry, what now? BH is killing who in northern Nigeria?
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Christians, and a number of muslims who criticise them.
Also heard about the abduction of hundreds of secondary school (christian) girls who were forced to convert to islam.
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A number of churches were also blown up leading to many casualties when their (bh islamists) tempo was high.
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 7:22pm On Jun 28, 2015
DravenCreighton:
You tell me.
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There's increased trend of islamists causing general terror (suicide activities). ..among the different sects (sunni vs shia and vice versa). ..and worse still against Christians e.g. boko haram in northern Nigeria.
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Don't you think it wasn't as much a hundred years ago?
Christianity Etc › Re: 10 Reasons Why Lagosians Go To Church On Sundays by AroOkigbo(m): 4:29pm On Jun 28, 2015
publicenemy:
I hate going to church ehnn!





So boring. I have tried to enjoy it... For wia? When I see crowd in church I wonder wetin dey draw them come....
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I only took a look at your monika...I know the reason.
Politics › Re: APC Refutes Alleged Relocation Of Boko-haram Detainees To Anambra - Vanguard by AroOkigbo(m): 1:39pm On Jun 28, 2015
Abagworo:
Anambra people are generaly illiterates.
. Yet they are representing the country in a debate in far away Singapore.
Politics › Re: APC Refutes Alleged Relocation Of Boko-haram Detainees To Anambra - Vanguard by AroOkigbo(m): 1:38pm On Jun 28, 2015
Abagworo:
Anambra people are generaly illiterates.
. Yet they are representing the country in a debate in far away Singapore.
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 1:31pm On Jun 28, 2015
DravenCreighton:
No, a hundred years ago, the christians were busy burning children and wiping out villages in the name of god, no one would have predicted they'll become this organized religion with Loose morals.

Truth hurts indeed.

Like I said, impossible to predict.
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In likewise manner, would you be able to compare, in fairness, muslims of a hundred years ago and muslims now??
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 1:01pm On Jun 28, 2015
DravenCreighton:
Impossible to predict.
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Interesting. ..yet it's possible to predict all you have in the original post.
You and I know the trend so far.
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The truth hurts...lol
Education › Re: 11 OOU Students Die In Tragic Car Accident (photos) by AroOkigbo(m): 9:36pm On Jun 27, 2015
ovaga2:
The Federal Government has ordered the sales of uncleared imported vehicles into the country in the last three months. Those willing to get a vehicle at 39% off the actual price can call CUSTOM IBRAHIM YUSUFON 08148964237 NOTEsad1) Buyers coming to Seme Border should come along with their border permit before you can be allowed to enter the seme Warehouse and buyers should not come along with money and should not pay anymoney to anyone on the Gate!!! (2) All home vehicle delivery are off no cost and car must be fully cleard before it will be allowed to leave the warehouse. Also know its when the car is delivered before buyers should pay for the Vehicle. HERE ARE SOME CAR FEATURES. CAR FEATURES BELOW Acura MDX # 600,000 Acura TL # 500,000 Acura ZDX # 700,000 Audi A4 # 400,000 Audi A6 # 600,000 BMW 3-Series # 650,000 BMW 5-Series # 850,000 BMW X5 # 850,000 BMW X6 # 1M Ford Escape # 600,000 Ford Explorer # 500,000 Honda Accord # 550,000 Honda City # 500,000 Honda Civic # 500,000 Honda Crosstour # 850,000 Honda CR-V # 750,000 Honda Odyssey # 650,000 Honda Pilot # 850,000 Hyundai Accent # 550,000 Hyundai Elantra # 450,000 Infiniti FX35 # 1M Infiniti FX45 # 1.2 Infiniti QX4 # 950,000 Isuzu Trooper # 750,000 Jaguar S-Type # 450,000 Jeep Liberty # 1.3a Kia Sorento # 550,000 Land Rover Discovery # 1.6 Land Rover Freelander # 1.3 Land Rover LR3 # 850,000 Land Rover LR4 # 800,000 Land Rover Range Rover # 2M Land Rover # 1.5 Range Rover Sport # 1.6 Land Rover Vogue # 1.3 Lexus GS # 1M Lexus GX460 # 950,000 Lexus GX470 #1 000,000 Lexus LX 570 # 750,000 Lexus RX 300 # 650,000 Lexus RX 330 # 750,000 Lexus RX 350 # 850,000 Mazda 6 # 550,000 Mazda 626 # 650,000 Mazda MPV # 650,000 Mazda Tribute # 950,000 Mercedes-Benz C-Class # 650,000 Mercedes-Benz E-Class # 750,000 Mercedes-Benz G-Class # 550,000 Mercedes-Benz GLK # 750,000 Mercedes-Benz ML # 900,000 Mitsubishi Endeavour # 350,000 Nissan Altima # 450,000 Nissan Armada # 850,000 Nissan Maxima # 550,000 Nissan Murano # 500,000 Nissan Pathfinder # 500,000 Nissan Primera # 300,000 Nissan Quest # 500,000 Nissan Sentra # 550,000 Nissan Xterra # 550,000 Peugeot 406 # 430,000 Peugeot 407 # 500,000 Peugeot 607 # 650,000 Toyota 4Runner # 850,000 Toyota Avalon # 600,000 Toyota Avensis # 750,000 Toyota Camry # 350,000 - # 1M Toyota Corolla # 550,000 Toyota FJ Cruiser # 750,000 Toyota Hiace # 1M Toyota Highlander # 1M Toyota HiLux # 900,000 Toyota Matrix # 550,000 Toyota Prado # 1M Toyota Rav4 # 700,000 Toyota Sequoia # 450,000 Toyota Sienna # 650,000 Toyota Tacoma # 400,000 Toyota Tundra # 800,000 Toyota Venza # 600,000 Toyota Yaris # 550,000 Volkswagen Beetle # 300,000 Volkswagen Golf # 350,000 Volkswagen Jetta # 400,000 Volkswagen Passat # 550,000 Volkswagen Touareg # 300,000 And also several trucks like MAN, MACK, VOLVO, MERCEDES etc All vehicles are in good condition, we guarantee you that. For more information CONTACT TARIFN TRADE DEPT NUMBER : CUSTOM IBRAHIM YUSUF ON (08148964237)
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419 on a "death thread"??
Guy, you are really heartless.
##abuse me and get better tunder wey don do press up finish fire you for your entire life##
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RIP to the dead.
Christianity Etc › Re: Religion By 2050: In Depth Analysis. by AroOkigbo(m): 9:28pm On Jun 27, 2015
Will the world get more peaceful with this growth or are going to witness more killing in the name of religion? ?
Science/Technology › Re: Extreme Military Technology: Reason We Must Avoid World War III by AroOkigbo(m): 3:59pm On Jun 27, 2015
decode55:
Nigeria;
-1,000,000 war heads cheesy cheesy
. Everybody is a war head in Nigeria!! #team happiest people on earth#
Education › Re: For those with 3rd class degree take these steps!!!! by AroOkigbo(m): 9:18am On Jun 27, 2015
herbert7:
Re: Kogi State University 2015/16 Admission Processes Is On Now Apply Here by herbert7: 4:42am
REASON WHY SHOULD STUDY IN PHILIPPINES

International Accredited Universities- Philippines is home of tope universities that has produced worlds caliber in different fields from medicine, science, business, politics foreign studies and have hundreds of foreign enrollees and studies every year.



English as Official Language- Philippines is considered as one of the top English speaking countries and top English speaking country in Asia. English is its second official language and that schools use English as theor teaching command.



Low cost of living- Foreign students can enjoy balancing their lifestyle while spending less money. In the Philippines, you can rent a dormitory or an apartment unit in just less than $50 or Php2,000 a month. Not to mention the less expense in food, clothing and leisure.



Western-based Pattern of education- Education pattern and curriculum in the Philippines is westernize and modern. Since Filipinos are widely recognized in the medical field, more foreign students in the Philippines and taking Medicine, Nursing and other medical courses.



Friendly Filipinos!- The Filipinos are natural born hospitable and friendly. That’s what Filipinos are loved for. You can meet a lot of new friends easily and they will tour you around without hearing complaints or aloofness. Filipinos treat you as part of the family, will invite you to come over their house to know you better. That way, you will not miss your country so much because you know you are loved in your new community.



Education Programs- To attract more foreign students, the government created different education programs and university programs that aims to provide better education for foreign workers. One of these programs is the ‘Philippine ESL (English as a Second Language) Tour Program,’ in which the study of English forms part of a structured tour package. Studying English becomes more exciting and fun through dynamic and creative ways of learning where participants get to interact, practice, and use English more often in real-life settings thru games, outdoor activities, excursions, and immersions. Aside from learning the English language, participants get to see the beautiful sceneries of the Philippine countryside and immerse with the local culture.



Protection, guaranteed!- Colleges and universities that has foreign students has more stricter protection for their foreign nationals students. 24 hour security and schools with CCTV cameras are installed around the campuses.

a gr8 opportunity for a third class student to enroll in master program..exchange students are allowed to finish up in philippines

Leisure, Culture, and Fun!- Filipinos are known for always being happy and fun loving. The Filipinos has adapted western culture over the years due to the presence of different nationals in the country. International-owned companies are in the country like restaurants, boutiques, resorts and private companies.



Faster and Easy Visa Application- Unlike any other countries, the Philippines is much loose in terms of accepting foreign students since its aim is to provide better education and promote the education system of the country,visa is 100% sure,once you have a genuine admission letter from any designated univsty

tuition in philippines is among the lowest in the world,payable per semester,about 400usd approximately 60-70k in naira per semstr

kindly contact me if u will need my assistance,am presently a pastor in philippines,as wel taking up a master program here-

+6390647997909(WATTSAPP)
+639186574594
email- herbertmols@yahoo.com

admission is on..God bless.
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I nearly fell for this until I read the line "am presently a pastor in Philippines"...then my sensors came alive.
Interested nairalanders, please beware.
##I'm a christian too##
Crime › Re: Police Nab Three Inter-state Car Robbers After Their Operation(Pictures) by AroOkigbo(m): 7:19pm On Jun 23, 2015
Calebosko:
The government are stealing and embezeling our money in bilions and trilions without no body saying a word,They are doing notin to help d poor,jobless youth and graduate on the street,but they are able and capable to nab them when they trying to survive the hardway, sumday the lion wil feast on the great halot and its fall will be worst than its rise.somday the youth wil ask them to vomit our money,God they
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We have heard. Your words are true.
Now read the article and make your comment as appropriate.
Business › Re: N25.7bn Fraud: Court Frees Francis Atuche by AroOkigbo(m): 7:18am On Jun 23, 2015
If you can't beat them, you join them. Congrats Atuche. . next on the movie...sue toothless EFCC and ask for billions in compensation. ##character assassination## . wetin una want make I talk?
Nairaland General › Re: Ambode Declares Second Lekki-epe Expressway Toll-free by AroOkigbo(op): 12:23am On Jun 22, 2015
Hope I understood it correctly?
Nairaland General › Ambode Declares Second Lekki-epe Expressway Toll-free by AroOkigbo(op): 12:22am On Jun 22, 2015
The Governor of Lagos State, Akinwunmi Ambode, has assured residents that tolls will not be collected at the second toll point on the Lekki- Epe Expressway.

Ambode made the remark at an interactive session with journalists at the Banquet Hall of the Lagos House, Ikeja, a statement said on Sunday.

The governor, in the statement by his Chief Press Secretary, Habib Aruna, said his concern was ensuring the completion of the road.

He said, “We must start thinking of the future concerning that road. We said we will have an International Airport in Epe, and an Export Processing Zone in Lekki and a Deep Seaport also in Lekki.

“Should we not start thinking about how we will improve and create a 10-lane road between Ikorodu, Itoikin, Epe and Ijebu Ode so that people can go out from there? There is no point constructing the road, paying tolls and in five years’ time, the road is gone.”

The governor said once the Lagos-Badagry Expressway, which was being expanded into 10-lane, was completed, the community would be opened up for business activities.

He added that his administration would make careful efforts to grow the tourism potential of the state.

He said, “As more means of transportation come on board, the more than 600,000 private car owners and 120,000 motorcycles that are being put on the road in the state on a daily basis will reduce in number.”

He said his administration had decided to scale up governance by rearranging the civil service through the realignment of some ministries and agencies, while creating a new Ministry of Wealth Creation and Employment.

Ambode said, “We have said this is a government of continuity, but it is continuity with improvement. It is about making life easier for the people. We are receptive to new ideas and that is why we are going to be creative, innovative and thinking out of the box.”
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source:
www.punchng.com/news/ambode-declares-second-lekki-epe-expressway-toll-free/
Politics › Re: President Buhari To Remove Oil Subsidy by AroOkigbo(op): 12:13am On Jun 22, 2015
This is a welcome development if you ask me.
Subsidy, as is, cannot stand...so much corrupt practices in the name of subsidy!!
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Nigeria must be great again.
Politics › President Buhari To Remove Oil Subsidy by AroOkigbo(op): 12:11am On Jun 22, 2015
ABUJA—President Muhammadu Buhari plans to totally remove fuel subsidy and use the proceeds for the provision of free and compulsory primary/secondary education across the country.
The administration is also said to be working on unbundling the Nigerian National Petroleum Corporation, NNPC, to make it more efficient in the production and delivery of products to Nigerians.
These proposals form part of the strong recommendations made by the transition committee raised by Buhari to work out a blueprint for his administration.
Asked if the proposal for total subsidy removal had been discussed with labour, the source said that members of organized labour in the country were consulted by the committee and they made presentations on what should be done over the matter.
The source said: “ Labour is part of the decision; they have accepted the proposal of fuel subsidy removal.
“A committee is likely to be set up by the federal government to work out the modalities of what is to be done in that respect.
“But the truth is that total removal of fuel subsidy has been recommended with adequate provisions for palliatives on free education and social welfare for the unemployed”, a member of the transition committee said.
The source pointed out that unlike in the past, the Buhari administration is considering the provision of free meals for students to serve as incentives for them to enroll in school.
The source explained that the committee also recommended the unbundling of NNPC to reposition the agency to serve the needs of Nigerians better.
According to him, all refineries in Nigeria are to be made to work at maximum capacity by the federal government to be able to deliver adequate products to the consumers.
Corruption
He said that the era of allocating more crude than any refinery in Nigeria can process was over, as it was discovered that the policy encouraged corruption and diversion of funds.
In a tone that suggested that the Buhari administration might probe the operations of the NNPC, the committee member further disclosed that the federal government was set to block all channels of fund leakages in the corporation.
He said: “The federal government is keen on plugging all areas of leakages in the corporation and whoever must have caused them must be made to account for such unpatriotic wastages. We don’t know whether that is what you call probe or not”, he said.
It could not be established as at last night whether such decisions of the officials were influenced by the planned beaming of search light on the operations of the government agency.
FG to pay the controversial N160 billion subsidy claims
Meanwhile, hopes for resolution of outstanding subsidy issues hampering normal supply of petroleum products across the country appear kindled as the special investigation team on subsidy claims verification recommends payment of the controversial N160 billion claimed by oil marketers.
As a result, bankers have resumed credit lines to the sector while importation by marketers have resumed though it is still on cautious notes.
The supply shortages witnessed across the country since last month was as a result of a disagreement between the federal government and oil marketers over the subsidy claims resulting in the marketers’ refusal to import more products under the subsidy programme.
In the last week of ex-president Goodluck Jonathan’s administration, the finance ministry had paid a part of the subsidy claims totalling about N131 billion in the wake of the supply crises arising from this disagreement.
The former Minister of Finance, Dr Ngozi Okonjo-Iweala, had doubted the additional N160 billion claims ascribed to exchange rate differential and interest rate charges on banks’ funding for the petroleum products imports.
She had subsequently set up a special investigative team made of representatives of Petroleum Products Pricing Regulatory Committee (PPPRC), Central Bank of Nigeria (CBN), the Debt Management Office (DMO) and the finance ministry to investigate the claims before she can approve the payment.
The team couldn’t conclude their assignments before the expiration of ex-president Jonathan’s government and exit of the minister, hence validating the allegation of some of the marketers that the investigative team was designed to provide escape for the ministry from the agreement they had reached on subsidy payment. The marketers had also wondered why the setting up of the team whereas this assignment has always been done by PPPRC without any issues.
Return of confidence
Bankers who spoke to Vanguard last week said that their confidence was gradually returning to the oil marketing sector which they had classified as ‘high-risk’ in the wake of the subsidy claims disagreement, indicating that some of them have resumed granting loans to the sector.
The disagreement had put about N300 billion banks’ risk assets (loans) in danger of default, escalating the industry non-performing loan ratio to almost 4.0 per cent with the worst performing banks hitting above 8.5 per cent aggregate and over 40 per cent on the oil sector. The industry red line is 5.0 per cent at which any bank’s exposure would be dangerous and unacceptable.
Top executives of the oil marketers’ associations told
Vanguard that they have information that the investigative team has validated the marketers’ claims in their report to the finance ministry two weeks ago.
However, they said that actual payment is waiting for the settling down of President Mohammadu Buhari’s government, a situation which they also said cannot last for too long otherwise the renewed confidence of their funding banks may wane.
One of the marketers informed that following a meeting with the permanent secretary, Ministry of Petroleum Resources two weeks ago, some of them have begun importation of products on a low scale while helping the Nigerian National Petroleum Corporation (NNPC) to distribute its stock to lessen the supply crises. The focused cities are Abuja and Lagos which according to him has been very successful.
He added that the agreement reached with the ministry was just a palliative to welcome the new government of Mohammadu Buhari, adding that eventually they will have to address the issue in a more lasting policy.
The marketers associations, according to him, are unanimous in pushing for removal of subsidy, but probably they will recommend a phased programme lasting not more than six months.

source: Vanguard newspapers- June 22, 2015
Politics › Re: Wike Recovers Vehicle 'Illegally' Acquired By Amaechi Spokesman (Photos) by AroOkigbo(m): 5:51pm On Jun 18, 2015
hensben:
Love is my religion
. Thank goodness! ! If you had said PEACE, I'd be scared of you. Boko haram things. ..lol
Politics › Re: Buhari Congratulates Muslims On Ramadan , Urges Them To Promote Love And Peace by AroOkigbo(m): 6:14am On Jun 18, 2015
Na una go talk of peace...
Na still una no go gree let person rest with una bombs...
.
.
make una give una life to Christ, una no go hear.
.
Think rapture!!
Jesus us coming back!!
Politics › Re: Plateau State Assembly Elects Minority Member As Speaker by AroOkigbo(m): 12:36am On Jun 12, 2015
All these ordinary commissioners that posted before me, una no de sleep?

#na joke I de joke o#

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