₦airaland Forum

Nice points dipotepede.

In addition to what dipotepede wrote;

@ chuckvyl
The analogy of banks and Dangote Industries is faulty. Banking is a deposit taking industry. Dangote is not. You need to consider depositors in regulating banking. You have no such consideration for Dangote Industry. Banking is a regulated industry anywhere in the world. The reasons are obvious. It is the duty of CBN to regulate the industry in Nigeria and they are doing just that. Regulators in each country draw up regulations based on the uniqueness of their environment. All US banking regulations will not work without modification for all UK banks operating in the UK and vice versa. It is simply not right to think that CBN should not draw up banking regulations tailor-made for the Nigerian banking industry.

Sanusi has started getting it. I think he has learnt from his recent bumbling. This latest regulation is a master piece

With the new regulation, the era of running banks as cult with CEOs controlling bank boards will be gone. The absolute power which enables CEOs to be richer than their banks will be diluted because the board knows the CEO has only ten years and he/she cannot scheme to become chairman of the board (immediately after stepping down) in order to cover tracks of any malpractices during tenor as CEO. I think this will encourage the boards to be less timid.

Management staff of CBN and NDIC cannot also aid and abet malpractices in financial institution just because they want to join the board of those institutions (or their subsidiary) immediately after resignation/retirement.

I support Sanusi all the way on this!

ringofGod:
i have been working with the inspections deprtment of my company for a year after service, altho i served in the same company in a similar capacity. I also have a certificate in quality assurance and management from the CQI. problem is, I want to advance in this field but tdont know what route to take, i would really appreciate your help pls in any way u can. Thanks,

It seems like you're mainly interested in QA. I have not worked in QA and I might not be the best person to advice you in that area. I have however worked in the same team as QA guys. The defacto qualification is ISO 9000 Lead Auditor. I’ll advice you to take this training if you want to be taken seriously as a QA person.

As it sounds like you already know where you want to go. You’re only asking about how to get there. I’ll advice you to do a google search for related jobs on job sites based in matured economies like the UK, US and Canada . This would give you an idea of the kind of skill, experience and qualification sought after in this field (everywhere including Nigeria) and this will help focus your career direction.  Take a look at the following links:

http://www.workcircle.co.uk/jobs/?ad=google&keywords=Quality%20Assurance%20Engineer%20Job&adtype=Content&creative=2142147901&googlekeywords=Quality%20Assurance&gclid=CMegsIrirp8CFRth4woddRDpLw


http://www.cv-library.co.uk/cgi-bin/searchjobs.cgi?q=quality%20assurance&search=1&suggest=1

http://www.careerjet.co.uk/jobs-quality-assurance.html

http://www.totaljobs.com/JobSeeking/(Quality%20Assurance).html


Cheers!

otawa:
I have done many demo in my life, but Nigerian demo achieves NOTHING.

It lacks sustainablity, the aim is often confused and many do it to be seen.

If today they decide to sit-out in Abuja Airport Tarmac, I will join them.

Who are you waiting for to organise the Abuja Airport Tarmac demo? Still sitting on your arse waiting for Godot? And yet you critisize those doing something even if what they are doing is not effective. If all the protest achieves is to motivate you to do your own sit-out at Abuja Airport Tarmac, then it would have been very successful.

metal-gong:
Born retards, you can say that again.
As for the protesters, you guys should stop disrupting other peoples peace. . .Instead, I advise you all to embark on hunger protest in your homes. That would be more efficient.

Please read what you’ve written again and tell me if it does not sound like the writing of an im-be-ci-le.

tayo_ast:
abi ooo. as if it 'll du us any good

Who are the us? Are you part of the ruling class? I’ll tell you what it will achieve. It will shame the guys in Abuja that they’ll be forced to act. If you think the protest will be more effective in Abuja, why don’t you organise one there with Otawa, Metal-gong and Darkman-200?

I do auditing, process improvement, governance, risk management, security, project assurance, etc. I might be able to advice. What is your professional background?

You've got a great advice from suhayli. There is also a great tool called Google which can be very invaluable. You can get loads of easy to use and easy to understand project management toolkits to help you with those things you mentioned just by doing a web search. You won't become an expert overnight by using them but you'll be well on your way.

A project managment training (something like managing successful projects) can still be a very good investment despite the fact that your project has started. The training will be money and time well spent for you and your organisation for you and your organisation especially if the project is sizable and relatively complex.

@kenny_G

I'm game for this do

If she's driving you nuts now, she'll prolly drive you to suicide when you marry her. Better walk away now unless ofcourse you enjoy the drama cause it's never going to stop!

I saw it as well. It was horrific! Shame on Helen Ukpabio! I was ashamed to be a Nigerian! I didn't know parents could be so callous towards their offspring all because an slowpoke pastor labels the offspring a witch! A father dousing his own kid with acid and leaving him to die a slow death! Callous! I was glad my colleagues didn't see it! I would have had a tough time explaining the geography of Nigeria!

It will be either Aisha2 or Naijacutee! Both of them are brilliant!

Bokoharam:
WE SHOULD NOT 4GET IN A HURRY THAT THIS SAME SOLUDO CAUSED ALL THE WAHALA WE HAVE IN NIGERIAN BANKS TODAY (SACK, CUTTING SALARY, BAD LOANS, CORPORATE GOVERNANCE ISSUES & LACK OF SUPERVISION). IF U DON’T KNOW, THE BANK CEOs WERE GIVING SOLUDO SO MUCH MONEY FOR HIM TO LOOK AWAY WHILE THEY FINISHED THE BANKS, HENCE THEY SPEND A WHOPING OF NAIRA TO ENSURE HE STAYS. DID U NOT C ALL THE ROT NOW THAT SANUSI TOOK OVER?
LIKE HIS MANIFESTO, SOLUDO PREPARED NEEDS DOCUMENTS, MAKING IT LOOK LIKE NIGERIA WILL TRANSFORM TO CHINA, JAPAN, AMERICA OVERNIGHT. WHERE IS HIS NEEDS. HE IS AN ACADEMIC—A FIRST CLASS FOR THAT MATTER; SO, IF HE DOES NOT KNOW HOW TO DO WRITE-UPS, I WOULD WORRY. POLITICS (ALSO IN NIGERIA) IS NOT ABOUT WHITE PAPER & BLUE PRINT.
SOLUDO HAS DISAPPOINTED A LOT OF PEOPLE. SO GREEDY, SO SHAMELESS. FOR A FIRST CLASS PROFESSOR OF INTERNATIONAL REPUTE LIKE HIM TO BELITTLE HIMSELF WITH ANAMBRA STATE POLITICS, I KNOW HE WAS LOST HIS SHAME. CANT YOU SEE WHERE HIS COMPERES ARE? THE LIKES OF OKONJO-IWEALA, OBY EZEKWESILI. HE THINKS BECAUSE THEY PROMISED HIM ANAMBRA WHEN THEY TOOK AWAY CBN FOR HIM, IT WOULD WORK. IT’S NOT GONNA WORK!!! NGIGE DID NOT NEED TO BE GOVERN PREPARE AN IMPECCABLE PAPER TO RESHAPE ANAMBRA. FOSHOLA IS DID NOT NEED TO BE A WORLD BANK CONSULTANT TO MAKE IT.
I THINK NIGERIANS SHOULD BEGIN TO OPPOSE IMPOSED GOD-SONS IN POLITICS. BY THE TIME SOLUDO ENTERS, HE HAS SO MANY GOD-FATHERS TO SETTLE WHICH IS STILL OUR PROBLEM TODAY. OF COURSE, COMING THROUGH THE BACK DOOR MAKES IT WORSE.
I HAVE LOST CONFIDENCE IN SOLUDO. I HAVE LOST FAITH IN HIS PEDEGREE. I FEEL ASHAMED OF THE ACADEMIA HE REPRESENTS. I AM NOT FROM ANAMBRA. SO I HAVE NO PERSONAL GRUDGE OR INTEREST. I AM ONLY SPEAKING THE FACT THAT MAJORITY OF PEOPLE DO NOT SEE UNTIL IT STARTS DOWNLOADING. MAKE MY WORD.
Boko Haram has spoken

I beg to differ. Will you rather prefer that the Ubas run Anambra state while Soludo takes up appointment at a Brookings institution? Later you’ll complain that Nigeria is retrogressive! Why will it not be when politics is left for incompetent fools why competent men hide away in the private sector. Nigeria will not change for the better unless we change this mentality. Soludo is not too big to run for Anambra governorship. He is just the type to run for that office. That is the most effective way to affect people’s lives. Okonjo’s appointment or Ezekwesili’s appointment will only benefit their families. I’ll like people like Soludo ‘s manifesto if only its going to change the pedestrian manifesto of road, water and electricity that is the norm. He might not win. However he might have set a very good precedent.

@Topetobi

You are actually in good company with all the contributions so far. I studied Computer Engineering and I’ll also advice you to cross over to elect/elect if you can and if you can handle applied physics! You can get by with minimal physics for computer science but not for elect/elect. I found out after graduation that Elect/Elect guys can apply for all the jobs I can apply for but I can't apply for all the jobs they can apply for. However you all get settled after your first job and settle into a professional field. The most important thing is ensuring you study a course that will take advantage of your strengths and ensure you have a very good final CGPA. You should be alright with that irrespective of what you studied.

The Vanguard columnist obviously has a horse in the race!

Paroh_frey:
Yes, it can! That is the main reason behind establishing such geodetic control points. Usually, GPS real time values are obscured deliberately not to provide precision and high accuracy figures, but with the establishment of these type of geodetic controls, such values are increased, even to sub metre accuracy. This is the same as establishing the WAAS= which is called the Wide Area Augmentation Scheme, which are basically a number of ground controls established to provide GPS signal corrections, thus giving even better position accuracy. These WAAS is not all over the world, hence the reason why local WAAS station like these are necessary for high precision GPS signal correction.

The problem with this project is that it is too hyped, it is a very worthwhile venture, as most controls in Lagos are outdated and doesnt fit the requirememnts of these days technology, but the hype is just too much, and some of the statements made by the madam are professionally questionalble!

Example, she said:

[font=Lucida Sans Unicode]Ezechie had explained that when formally commissioned the state will blaze the trail in establishing world class, ultra modern technologies to provide a solid basis for the transformation of the state and provide the technological foundation for successful implementation of the Lagos Mega City.

The initiative, according to her, will help build a new Lagos and get the traffic moving again by tracking road congestion, road safety and improving public transportation.[/font]

How will the control stations establish technology? It can only complement technology, what does it have to do with the Lagos Mega City? Apart from providing a strong reference station for surveys and engineering work, i dont see how much these will affect the city. Road congestion? How? I dont know.

,

Well madam is a business woman and not a GIS professional. She understands money but not the technology. Her statement is typical when you’re trying to market a technology that you don’t understand. She has probably brought an Indian or a Chinese to execute the project for her (not necessarily a bad thing). However, you need to know what you’re selling!

I must say that I am quite impressed by Soludo's background and manifesto! For a change, it is not a manifesto about road, water and electricity. And thank you paddy_lo for your contributions. I do wonder though about where Soludo is going to get the money to execute his vision and if he is actually going to execute it using Anambra's civil service. I do think that I is actually a good idea to start with the big dreams (wish he has done). I will want him to break it down into bite size chunks with clear milestones and timelines. I'll be very happy to see more people like Soludo stand up for elective positions and drive the 'agbero' with no vision out of business. If the agberos will allow a free and fair election is another story. It will be very good if all the contestants are able to campaign based on their visions and if people actually come out to vote and if the votes gets counted. I am not from Anambra state but I am very excited reading Soludo's manifesto!

Deep Sight:
Here's my earlier take posted on this Forum, i stand by it -


There are two cardinal aspects of this mess that the CBN Governor got disastrously wrong. You see, when laws, regulations and procedures are laid down, the purpose is to avert anarchy. If we continue to act with disregard for regulations, we will continue to be a disjointed and directionless society. That forms the plank for the emergence of a failed state.

The two critical bits that Sanusi got wrong: Regulatory Discretion & Procedure and Approprition of Public Funds.

If you are familiar with the Fundamentals of Regulatory Oversight in any industry, you will be aware that the cardinal function of the Regulator is to guarantee a healthy industry and in so doing, the Regulator has various tools of intervention. The tools are to be excercised progressively in such a manner that correction of anomalies is effected with minimal disruption to the system. The ultimate sanctions are only reserved for irreversible situations and even at that ONLY after the application of intermediary measures which have failed.

There are two cardinal aspects of this mess that the CBN Governor got disastrously wrong. You see, when laws, regulations and procedures are laid down, the purpose is to avert anarchy. If we continue to act with disregard for regulations, we will continue to be a disjointed and directionless society. That forms the plank for the emergence of a failed state.

The two critical bits that Sanusi got wrong: Regulatory Discretion & Procedure and Approprition of Public Funds.

If you are familiar with the Fundamentals of Regulatory Oversight in any industry, you will be aware that the cardinal function of the Regulator is to guarantee a healthy industry and in so doing, the Regulator has various tools of intervention. The tools are to be excercised progressively in such a manner that correction of anomalies is effected with minimal disruption to the system. The ultimate sanctions are only reserved for irreversible situations and even at that ONLY after the application of intermediary measures which have failed.

[b]Sanusi did not apply any intermediary measures whatsoever before wielding the big stick and he failed to note the likely ripple effects of loss of local and international confidence and run on deposits that attend such public shows of regulatory might.

It is therefore clear that as a Regulator he acted hastily, and without discretion, which is scandalous considering that this is a post he has held for less than two months. Clear measures availed him in taking gradual steps to correct the anomalies.

Furthermore a Regulator must be impartial - and in this he has manifestly failed by implicitly giving the other banks more time to tidy up their books while dragging the first lot into the mud.

The Second major point is Appropriation of Public funds.

Under the Constitution of Nigeria ALL FUNDS - HOWEVER SOURCED, PRODUCED OR DERIVED, accrue FIRST, AND AUTOMATICALLY TO THE CONSOLIDATED FEDERATION ACCOUNT, AND NO FUNDS MAY BE WITHDRWAN THEREFROM WITHOUT APPROPRIATION FOR SUCH PURPOSE BY THE PARLIAMENT (NATIONAL ASSEMBLY). [/b]

Accordingly, once monies are printed (which is at all events a questionable approach to creating wealth) such monies accrue first to the Federation Account and must be appropriated before being touched at all.

Sanusi made two infantile arguments in his attempt to evade this. He stated that it was not an expenditure but a loan. This is irrelevant because the Constitution does not make a distinction. It states that ALL monies must be appropriated before being withdrawn. Thus it does not matter what you are withdrawing the money for: it must be appropriated before being withdrawn. Secondly he stated that the money was not from the Federation Account. What a laugh - the law states that ALL monies should go to that account!

His action sets a very dangerous precedent: In future the CBN Governor may print trillions of naira and disburse as he pleases since in his argument, its a loan. So perhaps he can print 100 trillion naira and give out as loans without the proper process of legislative approval? Also, if the other banks he is still auditing are found to need help, what will he do? Go back to his back yard and print more billions?

Aside from the illegality pointed out above, as an economist he should be aware that such reckless printing of monies is a key cause of inflationary trends within the economy.

Recall that both the US and UK effected similar bail-outs last year at the height of the recession. It may interest you to know that in both societies the actions were carried out by the Central Banks through Acts of Parliament.

We cannot carry on with our scattered, gra-gra approach to doing things just any how in this country.

I have to agree!

Is the jeep a LHD? What is the mileage? Can you post the picture here?

Sanusi might be right. Shareholders might have lost their money. I think Sanusi should just publish the financial position of these troubled banks so that we see how much provision has been made for bad debt and how much shareholders' funds has been eroded by loan losses. We'll be able to know how much of those banks are still owned by current shareholders and how much is owned by CBN/Government.

Sanusi is pretty confusing! One moment he is saying CBN loan has not been converted to equity and Government has not taken ownership stake in the banks, another moment he is saying something else. One moment he is saying the troubled banks should be acquired by healthy ones, another time he is saying the opposite. Sanusi should stop the policy somersaults. Sanusi should think through his words before uttering them. His words are policy by virtue of his positon as the CBN Governor. He should come clean and just publish the policy position CBN is adopting with regards to credit risk management. He should also state the financial standard CBN will want the banks to use so that we'll all know what constitute a non-performing loan.

Ghana has every right to take whatever action it thinks is in the best interest of its citizens. I had a friend in one of Ghana's Textile firms. The main regional market for their product was Nigeria. The company became distressed when Obasanjo banned textile imports to protect local industry! Nobody cried foul when Obasanjo did that! If that is not protectionism, what is? The textile firm even attempted to ameliorate the situation by opening a store in Tinapa so that their Nigerian customers can buy through that route. However, that did not improve their situation as goods originating from Tinapa were treated as imports! So much for ECOWAS and regional cooperation!

Ghana is simply trying to sift the wheat from the sand. You need to be doing big business to have the kind of capital being proposed. Ghana still wants Nigeria’s big businesses. It wants to shut out the smaller businesses. I think that is sensible if it will be in the best interest of its citizens. The government first responsibilities are to its citizens!

I'll say it is too early to debate Vanguard's claim. I think we should wait and see how it turns out. We should wait for at least six months before we start this debate.

Although Vanguard's story was much of hearsay, SLS manner of takeover of the first five banks lent credence to the story. It was pure Gestapo style! The CEOs were sent packing. EFCC was called in and to detained them even before obtaining evidence of wrongdoing. EFCC wanted to hold them until it can find evidence! Can you imagine that? Do you make arrests before establishing the charge?

Afam was asking for hard facts. I doubt you're going to get that on a public forum like this. Nobody is going to present minutes of clandestine meetings or publish official documents here. Did you know the criteria used for the first five banks at the time? Do you know the findings? Did CBN deny that it did not show the CEOs its findings before they were removed? Why should I not believe that a conspiracy is going on?

Do you know how the Abacha failed bank tribunals ended? Abacha's family and friends ended up 'buying' the assets of most of the failed banks.

I'm not insinuating that SLS has ulterior motives. I'm also not saying that he does not. However, banking is an industry that thrives on trust. You don't destroy the trust and expect applause. You have to think through your decisions before taking them. SLS can achieve the same results without taking decisions that breeds mistrust. SLS style is exactly how not to manage the banking industry. CBN’s action only publicised Vanguard’s story. A lot of us only got to read the story after CBN’s action. Vanguard is just doing its job. It should be applauded for being bold enough! Will a little bit of transparency help SLS case? Are we still going to be suspicious if he makes the results of all the audits public so that we see for ourselves?

koc:
Thanks Avenir, but can u advice me on one tin? I want to write my CIA exams soon then i tot of the ACCA Exams too but i feel ACCA takes more time to complete all 14 papers onlike the CIA exams with just 4 stage. so if u were in my shoes, which would u pick as an Auditor with 9 years job experience.

I'm sorry for not replying to this before now. I have just seen it. To answer your question, I'll do both exams concurrently if finance and time are not going to be problems. There is a great deal of overlap between the curriculums. It is like using one stone to kill two birds.

In terms of choosing between the two qualifications, I don't know what line of auditing you're into but the norm is that a financial auditor has to also be a chattered member of a professional accountancy organisation. ACCA requires more sacrifices and resources but it is more rewarding if you must choose between the two qualifications. You cannot escape ACCA or ACA if you want to be taken seriously as a financial auditor. CIA will give you added advantage but it is definitely not a substitute for ACCA or ACA.

zebra:
Would it be a bad idea to set up a statistical consultancy? Services will include research and data analysis, design & analysis of experiments for individuals, government and private companies; assist university/polytechnic research students with their research work and analysis; teaching and training on statistical methods, quantitative analysis, statistical computing and use of statistical packages for data anlysis.

Do you think this will be a good biz to do in nigeria considering the state of the nigerian economy? How can one go about setting up and making contacts to get clients?

Why not frame the question like the: Would it be a good idea to set up a statistical consultancy?

While it is nothing new in Nigeria, I think it is a good idea. There is a multitude of companies focused on statistical research in Nigeria. From one man businesses armed with SPSS and questionnaires to multinationals like Research International (http://www.research-int.com). The fact that there are companies already into this does not mean the market is Saturated. In fact the converse is the truth.

You sounded like you have idea about the industry. Basic due diligence requires that you know the following:

1. The current players (what do they do, who are their clients, what kind of jobs do those clients commission). I’m afraid you won’t find loads of that information on the internet as far as Nigeria is concerned. I’m afraid I can’t help you there.
2. Market needs/trends (I can state that the trend in Nigeria is market research (the largest market) and health informatics based (commissioned by NGOs).
3. Market size (I don’t know but I think it is huge).

To leave the theories alone,

Check out some competition (might actually be partners depending on your business model) here:

http://www.euromonitor.com/Nigeria (mostly done by small Nigeria based researchers)
http://www.mmonitornigeria.com/index.html
/www.companiesandmarkets.com

And to some extent the brand consulting firms.

What have I tried to achieve here?
I have tried to point you in the right direction. Hope it helps.

RuuDie:
Thats my particular point of interest, IT Proj Mgt cuz i currently work in an IT position.

I'll use the words of Lawrence of Arabia

All people dream, but not equally. Those who dream by night in the dusty recesses of their mind, wake in the morning to find that it was vanity. But the dreamers of the day are dangerous people, for they dream their dreams with open eyes, and make them come true.

So go ahead and make it come true!

bodsibobo:
Hi Guys?

I recently found out that there is a huge shortage of Certified Internal Auditors (CIAs) here and I am considering registering for; and writing the exams to become certified. I just want to know what the propspects are in Naija. (As you know: 'Ile l'abo isinmi oko'

Do we perhaps have any CIA (in Nigeria) on Nairaland? Is there IIA in Nigeria?

P.S. The IIA (Institute of Internal Auditors) administers the certification.

Of course there are CIAs in Nigeria. Quite many I believe. Not so many when compared to the number of ACAs though. I worked in a Big 4 in Nigeria which had a large specialist audit unit providing internal audit services. Every member of the unit were required to be CIA in addition to being ACCA or ACA. While you're working on your CIA, I'll want to believe you also have audit experience because it’s your level of professional experience that actually sets you apart. It might be difficult to pass audit interviews (unless it is for entry level auditors) without the right experience, your certification notwithstanding. You’ll do very well if you have other relevant qualifications (ACA, ACCA, CPA, CISA, etc) in addition to your CIA.

koc:
Hi guys,
I have been an Internal Auditor for 9 years and a Member of the Institute of Internal Auditors (IIA) since 2007. so YES there are IIA's in Nigeria.
I will be starting the CIA exams this year. CIA has an edge over ICAN ACA ACCA and the rest. As Auditors we know this. and some companies have started demanding for it here in Nigeria. So there is a big prospect for CIA. I will be one soon and u can get in touch with me if u are interested,  ocube3@yahoo.com or 08035889911
cheers

I believe you are implying that an Auditor that is also a CIA in addition to having those other qualifications you mentioned  has an edge over other auditors who are not CIA but who possess those other qualifications. I quite agree with you. For the avoidance of doubt, CIA is not superior to those qualifications you mentioned as each one of them have their unique objectives and are designed to be complementary and not to compete.

I seems quite difficult trying to know what is inside ladies, how can you tell if a lady has good character and has a wife material/

You'll know her character when you marry her.


On a serious note, the following is a great advice!

meine:
I learnt from a wise man

A long time ago to observe how a lady treats people who dont matter in her life e.g cleaners, drivers, housemaids.

this will give you a picture of what her true nature is.

I have tested this severally and it has always worked

Basildon1:
Avenir, Thanx, I am from a pure science background but i took a masters in Business IT (after a brief stint in software testing)and carried out a project on extensions of PRINCE2 to fit a programme-so i'm theoretically sound PRINCE2-wise. I work in a project coordinator capacity for a non IT company now. so what do you think?

By project coordinator, am I right to assume that you work in programme management? Back to your original question, I think you already have the background and have the right sounding job title. Do you have PRINCE2 certification? PRINCE2 will confer a lot of advantage. Since you mentioned that you know your stuff, I don't see anything stopping you. Your background as a Software tester will also play prominent role. There are two possible roles for you; large organisations with dedicated programme management and smaller ones that needs an occasional project manager. For the latter, you'll probably work mainly as a software tester and occasionally as a project manager. I work in the later category. You can check jobsites like www.jobserve.com, etc for prospects, job specification and person specification.

I wish you best of luck with your career in project management.

Basildon1:
Hello ODESE,

How advisable is it to go down the project management route in the UK without a solid foundation in the popular disciplines such as construction and software development?

It might be easier to provide relevant advice if you can give a little more information about your professional background I mean what you're doing presently. For example, it might be easier for someone who is already working as an IT professional (in any capacity) to get into IT project management than someone who is not. Same thing goes for construction or any field for that matter. Please note that the above analogy is for someone getting into project management for the first time in UK (I don't know if same thing applies in Nigeria). That is not to say that there is no future in getting certified first and getting into project management later in a field where you have no background. The advice will be more specific if you're able to provide additional information.

mohawkchic:
~Learn To Love Her!!~


~You're so blinded by all the negative circumstances that brought about the marriage,you've not given yourself the chance of Loving her or feeling happy w/ her. . i'm sure there are things you like about her. . you said yourself she loves you. . if you feel obligated married to her,might as well make the most of it instead of spending the next few years miserable & making the life of your wife much more miserable!!


~Bear in mind for as long as you hold this resentment towards her for the decision you were supposedly foced to make. . you will not be happy!! For a minute,try to acknowledge how she muct be feeling knowing she's married to a man who doesnt love her!! Not a good feeling at all!! Try to make an effort. . little things make great impact. . . appreciate her. . .have you ever complimented her? acknowledge things she does for you? See her as a human being & not the source of your unhappiness!!


~If you know there's no way you can bring yourself to Love her,then I say grow some balls & face your parents w/ a decision to let her go. . Karma's a Bitch!!

The above is a first class advice for you.

Please note that there is no such thing as perfect marriage or perfect woman. The alternates might not be so perfect when the chips are down. Also note that everyone have something good in them. Try to find something good in your wife and appreciate her for it. Don’t compare your wife to anyone. Since you mentioned that she loves you, I think that is priceless.  Many married couple go through what you are going through. Call it ‘buyer’s remorse’. To be sincere, I did go through it too. I had to move on from the negatives and dwell on the positives. That made all the difference.

If all else fails, the decision on the future of your marriage will be only yours to make. One a final note, please don’t throw away your marriage if it is salvageable.

Consequently, the CBN is injecting a total of about N400 billion into these five banks with immediate effect in form of Tier 2 Capital to be repaid from proceeds of capitalization in the near future

It will be interesting to find out what section of the country gains ownership of these banks when the N400 billion is repaid. I won't be surprised if that ends up being hausa / fulani cabal.

I have no objections to CBN sacking the CEOs of banks who have mismanaged their institutuions. I only have reservations about CBN injecting funds to displace the ownership of existing shareholders without giving them opportunities to come up with the funds first. CBN should have ordered the shareholders to inject additional funds to ensure capital adequacy. CBN should only inject the funds if the existing share holders have been given the opportunity and are unable to come up with the required funds. That is the position to be expected from CBN based on Basel II capital adequacy rules. CBN suddenly waking up and nationalising banks, displacing existing shareholders leaves much to be suspected!

Good work Sean! It will be interesting to see what your report will look like. I had a look at your blog and your street vendor project website. Interesting stuffs you've got on those sites. I find the blog more interesting. It gives a fresh insight into lots of stuff I've come to take for granted in Lagos. I find the method of teaching negotiation portrayed in 'School Daze' quite hilarious. It is sadly the norm in most public schools and that was how I was taught a long time ago. I am quite impressed by the unprejudiced tone of your blog. I'll keep reading.  

With respect to the Lagos' policy of banning street trading from every street in Lagos state, I believe it is quite understandable what the government is trying to do if you look at the issue from the point of public safety. It is quite hazardous for traders to be hawking stuffs on highways. It is not safe for both the drivers and hawkers. However, the hawkers are providing an essential service and they have rights to earn a living. The work is very difficult and the government have no moral rights haven renege on its obligation to provide the enabling environment for the traders to make a better living.

The government should be committed to ensuring decent standards of living for its citizens including the hawkers. It will be quite interesting to see how the India experiment reported in the business standard link you posted works out. I think the Lagos state government might be able to learn something from the Indian policy on the providing vocational education and development entrepreneurial skills to upgrade the hawkers technical and business potential. This should be with a view to increase hawkers’ income levels as well ability to look for more remunerative alternatives.

These are quite easy to propose but resolving this will require resolution of a host of other problems which are obviously beyond the radar of your research. I think it is quite easier to make the problem go away than solving which I believe is what the government is doing. It will be quite interesting to read your research report.

@Kashif
Nice analysis

To your observation about funding, there where several models including equal split and a split based perceived business benefits. The later was more attractive to stakeholders but they became bogged down on the determination of a fair amount despite the existence of a proposal for a split based on proportion of current expenditure.

Having each organisation contribute internal project team was attractive but had to be sacrificed on the altar of simplicity, trying to avoid the project team becoming bloated and unwieldy. Each organisation contributed 2 project team members and the director of finance of each of organisation was co-opted into the project board. Of course level of interest and commitment is still unequal and you have to put mitigating controls to the risk of some organisation pulling out.

Stakeholder management was very high on the agenda and considerable resources were devoted to stakeholder mapping and communication plan development based on individual needs. Benefits realisation plan was also very important. You have to spend time developing the benefits metrics that will be relevant and acceptable to all stakeholders while being measurable.