₦airaland Forum

dougivilla: my broda if exposing d under belle of these crook regulators would take us any futher, so be it. Why would they shroud their activities in so much secrecy? Do u knw d shareholding structure of any of d nationalized nigerian banks? Must nationalization be synonymus with loss of jobs n shareholdings? Why did'nt cbn explore d existing shareholder recapitalization option? Why nationalize b4 ur own set and agreed deadline? Which foreign investment can these brand of nationalization attract? Lets face it. Any reform that produces a vicious cycle of unending job n shareholding losses is satanic, misplaned n misexecuted. Whats d state of d uk banks u mentioned earlier n wats d state of our now? Enough said!

What jobs? Jobs based on asset bubbles? There were no assets for these jobs to manage, all was based on what we call a 'money illusion'. The moment the bubble burst, it was time to let these jobs go. It is not peculiar to Nigeria alone. Prior to the global financial crisis, banks had been exposed to very toxic assets. With the huge loss from these assets, it was time to live within their means. There have been massive job losses in even more robust financial environments. HSBC and Lloyds TSB had to shed its workforce. Till date they are still laying off employees. Look at the Euro zone and the Spanish banks, it is the same situation. The primary focus of the CBN is to protect depositors and not employees given the damning social effect of a fall in aggregate savings.

Should banks live above their means? Should we allow them take very risky investments considering the social effect of a bank failure?

As a trained Finance person, watching the so called 'probe' would make you ashamed of our legislators. What was the scope of this probe? What vital recommendations to ensure a more robust capital market? I have not seen any. How do we enhance corporate governance codes? Do we employ statutes or a comply or explain approach? What roles for non-executive directors? How do we enhance the efficiency of board operations of public quoted companies? These are vital questions which a "capital market probe" should answer. However, this shame of a probe was not directed at this rather it was more concerned with how Madam Oteh consumed 85000 naira food. How material is that to ensuring the robustness of the capital market?

Only a fool would believe the claptrap of Mainstream bank having an ordinary share capital of 100000. Not even my Aunts buka in PH has such as its share capital. These men we have a legislators are jokes, how do you probe when you do not know the basics? It is not difficult to tell that most of them have lost shares in these nationalised banks thus forming the basis of the so-called 'probe'. Is bank nationalisation perculiar to Nigeria? Northern Rock was nationalised, the UK government owns 80% of RBS, Lloyds TSB with its parent in the US is 40% owned by the British government, so why the hullabaloo? If legislators had taken a robust approach to corporate governance issues, this mess would not have been. That is what Legislators all over the World are engaged in- enhancing corporate governance code.

ebamma: an average cleaner in the uk may earn upto 20 to 30 pounds per hour,i will leave u to do the maths,if he works atleast 40 hrs a week.

Mechionu gii dia.

afam4eva: hmmm

Hehehehehehehehehe

Oya make all of una dey go back house. Jona done give una cassava bread.

However, when people talk of cost of living being more expensive in the UK than Nigeria, I laugh. Financially, this may be the case, however, economically and socially, na big lie be that.

Nigeria is in what, TROUBLE.

Ovoko!!! Cassava bread again! Like I said before, time and time again we have seen this import substitution strategy which has always ended a mess as markets adjust leaving consumers worse-off. Where is the domestic capacity? Where is the domestic technology? Must we focus on import substitution? The South Koreans at the initial stage of development applied an export driven and labour intensive development approach where openness to trade was key.

Trade policies could be important but like everything from this useless Nigerian leaders, it is done with animal sense. There are critical questions to be answered when formulating trade policies otherwise, you create more problems than existed.

Say no to cassava bread today! Animals!!!

Ovoko!!! Say no to cassava bread. So NBA sef done follow chop cassava bread? Na wa for these 'liars' O.

I spent most rag days drinking holy water with fellow entities at iliya du manpower. No time!

Any entity in the house? Walk and never stumble.

Another useless and hopeless import substitution strategy that won't stand the test of time. Yes we understand the infant industry argument for trade barriers, however, we also understand that with limited domestic capacity, such a policy only leads to trade distortions.

We have seen this rubbish time and time again. How successful was the OBJ import substitution strategy? Did the ban on textile stop the inflow of textile from China? Did it revive our textile industries? These are the questions that need to be answered before we embark on another useless trade policy that has the major effect of distorting markets. Male shoes were banned during OBJs regime, however, I still bought shoes at Mandillas albeit at a more expensive price. In fact, the market for imported shoes grew within this same period with the attendant of a revenue loss from import duties and a worsening of the consumer surplus.

Trade policies and trade barriers are important for development, however, they need to be carefully and well thought before implementation.

afam4eva: What's your obsession with oronto douglas?

Are you Oronto? Are you Oronto? Are you Oronto? Are you Oronto? Are you Oronto? hehehehe Animal!!!

naijababe: What exactly do the special adviser on media and his aides do? Statements from GEJ are always reeking of faux pas, honestly Abati should be fired.

Good! Good!! Not only Abati, Oronto Douglas and Omokri should also be fired. They are very useless.

Jona fire Oronto and Omokri now.

This is what happens when you eat 1 trillion naira cassava bread. You talk under the influence of cassava bread. Say no to cassava bread. Animals!!!

Was it a probe into the Capital market or the banking sector crisis? I laugh at these jokes we call our representatives.

Hahahaha! Yes O, Oronto, 40 laptop squad must earn their pay this night or you fire all of them tomorrow morning. They are useless! The kind of poo some of them least as achievement is pathetic for a country with a poverty rate of over 80% is plain daft. If you list road rehabilitation for me as an achievement, then I would go and dig Abacha out of his grave to come and continue rehabilitating the roads. I would bring IBB back to come and continue building his roads. I would even bring IBB back to come and continue giving seeds to farmers via DFRRI. That is not the issue, the issue is how do we bring our people out of extreme poverty? Is Jona doing enough? Absolutely not, what is on ground is mediocre and should not be listed as an achievement in a country with over 80% poverty rate.

BTW, have you said no to cassava bread today? Remember Cassava bread choppers are 100% likely to steal 1 trillion naira therefore say no to cassava bread.

EMPEROR ZIMUS: Sorry Mr president, i wunt read your post just ur headlines.really am fed up of losing friend in the north and suffering in these country is... bt if u cud bring back dat price of fuel down,don't you fink even the BOKO HARAM would be happy with you...(MR PRESIDENT),i rep the voiceless from the slums...and am there voice

Sorry Oga, we afff use your fuel money to eat cassava bread

Shoooo! When Jona dey chop 1 trillion naira cassava bread, e no sabi say Boko Haram na big problem? This is the height of mediocrity. This is what you get from eating 1 trillion naira cassava bread. Say no to cassava bread today!

Demdem:
Billygoat, kindly shut-up. u arent making sense at all. Stop all these unnecessary distraction. let others contribute.

Hehehe, you no go understand. Oronto done threaten all of them with sack, say dem no dey do their work, hence the desperation.

Borrow more to buy 1 billion naira cassava bread. Na waoh, these people no get conscience.

Yes O! Say no to 40 laptop and Obinna Metuh's mpiawa azu squad. They are desperate and evil. Instead of being ashamed that their rotten souls were given the beating of their lives at the Edo election, they come here to feed us with the claptrap of "congratulating Jona for dashing us human rights". This is the biggest insult to the Edo and Nigerian people who ensured the defeat of the evil gang called the PDP.

BTW have you said no to cassava bread today. Remember cassava bread choppers are most likely to steal peoples votes therefore say no to cassava bread.

[quote author=a.A.K]I don't know if the peoples supporting Fulanis even leave in this country.if truth must be told 80% of high way robbery r carried. Out by fulanis.there cattle's r deliberately left to destroy peoples crops.etc.I even need someone to educate me on the history of this people because I don't really see them as Nigerian's[/quote]What a fool. Can you prove that even 20% of highway robberies are committed by these people. I pity people like you because you're sick. You are a bigot!

At times you wonder why black people yell about "racism". The truth is most black people are more racist than those they accuse of racism. The posts on this forum further reinforces this view. Let no man scream discrimination again.

Chai, PDP and the killer squad in Lagos? If it happens then say Rest in Perfect Peace Lagos. Una own done finish be that. The only credible and acceptable person they could have brought out in the past, Funsho Williams, was assassinated by the killer PDP. Why then do they want to eat their cassava bread and still have it?

Animal can't dash us human right

Human right na my property

This is the biggest insult on the Nigerian people coming from Metuh, Omokri and Oronto alongside the 40 laptop squad.

It clearly shows this is a desperate and mediocre leadership trying to hang on to just anything as an "achievement" having failed the Nigerian people. Jona can even start claiming as part of his achievement the fact that I breath in my house daily. hehehehehe Animals!!!

Animal can't dash me human right.

Human right na my property param param

dem wan dash us human right(including my right to vote)

Even my right to vote is now an achievement for some people?

O ma she O. Na so we suffer reach for naija?

bashr8: one way or the other the military still have to seperate them , this war started loong loong time ago so if this option will bring about peace and stop blood shed of women and children(both sides) then let it stay afterall of what use is land to a dead fulani or dead berom.

And then promoting segregation rather than multiculturalism and diversity is the solution?

kaeto: smartness is not a trait of hausa/fulani, so stop this impersonation. But i thought aboki don't take drugs, how come igbo fake drugs wiped off your own fulani settlement in PH , pathetic and gullible,go take your fura and sour cow breast and stop nodding your pc as you type, you are gone bald already.

Another idi0t. And they say southerners are more enlightened than northerners. You need to get a life.

shymmex: Whoever got to a place first is the owner of the place... That's how land ownership works...

If we're to use your logic, then no one is indigenous to Nigeria - all the tribes in Nigeria migrated to the place...

Ancestral Lands: In agrarian reform, it refers to ancestral lands belonging to an indigenous cultural community, including lands in the actual, continuous and open possession and occupation of that indigenous community and its members whose right to such lands shall be protected to ensure their economic, social and cultural well-being. It also refers to lands exclusively and actually possessed, occupied, or utilized by indigenous cultural communities by themselves or through their ancestors in accordance with their customs and traditions since time immemorial.

I'll like to add the land where they built their civilization to that definition.


Settlement: agreement regarding ownership of holding of land. Establishment, as of a person in a business or of people in a new region.

Mr man when did the Fulanis settle in those places and where did they settle from? Nobody can give you any concrete evidence of this, most stories about them settling in those places is vague. The Fulanis have come to stay in those lands and are not going to leave, deal with it or you create problems. The main cause of this crisis is the erroneous impression these ethnicities have that they could possibly win the war one day. The Fulanis have come to stay in those lands just like you an Ijebu man has come to stay in Epe. We must live with these things or peace would continue to elude us.

shymmex: All are settlers in Lagos?? Bwahahahahahahaha

Go back to your history books, and read about my home town of Epe...

Just don't go near Epe and say that - Epe people are VERY wicked... Even my pops is scared of his own people... Bwahahahaha

And Ijebu are very fetish - I doubt you'll have the courage to say that to them... Ijebu people, not Yoruba by the way.

Good Mr Lagos. Now you sabi say Ikorodu and Epe na from Ijebu dem settle? Ikorodu was founded by Oga the hunter who settled from Sagamu. Epe sef na hunters and farmers from Ijebu settle there. Those place were virgin lands before the settlers. There is hardly any Ikorodu family wey no get relationship with Ijebu or Sagamu. So which day we go pursue them back to Ijebu now? Fact is, if we start to dey dig everybody origin, we go see say everybody na settler one way or the other. So why chase 20 million people out of a place they have lived all their lives.

bashr8: because you cant chase an igbo man out of igboland, unless your talking about ijaw and ogoni part of ph then ijaw and ogonis too will have to leave igbo speaking part of ph in return , besides you dont see igbos chasing ijaws and ogonis away because they are using militancy and kidnapping to disturb the peace of port harcourt.anyway am sure your not even from south south to start with so your ignorance can be excused

Another mugu. Those people in PH you people desperately claim are Igbos have maintained they are not Igbos, so why force them to be part of you now. This marriage by force na waoh. Them say dem no want, na by force? Is it about the Oyel? Get a life you bigot. I've mixed with races, I'm liberal minded and can't be drawn to this life of hate and xenophobia. Get a life you bigot.

shymmex: Berom = 476,000people.
Fulani = over 20million people.

The Beroms need to be barricaded away from the Fulanis before they wipe them out..

I salute their bravery for fighting back.

Mr Lagos, when would you relocate back to your place of origin? Or you don't know all are settlers in Lagos? OH, 20 miilion of them have settled already and you ask them to relocate? Relocate to where?

If any of you can tell me the day the Fulani's settled in those places and the exact places they settled from then I would support chasing them back to where they came from. But none can, not even the mumu STF. The truth is, we are all settlers if we start tracing our origin. Get a life all you xenophobes. The world is moving ahead of this life of hate.

BlackPikiN: Shut up you hediot!!
you are not from Rivers!


You are from the North!

Tell me who the Governor of Rivers state is?
Tell me who the past Governor is?

You f00l!

Hahahaha Blackfool. I should not even glorify you by responding to your poo. Get a life you bigot or you die in your hate