₦airaland Forum

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@violent
The SSS have absolutely no credibility,. . . a complete joke of an organisation which historically has only been useful as a political lapdog---believe them and I'd sell you the bridge my grandad left me in his will!

I remember them arresting Dokpesi and making the loudest noise I've ever heard, about it. . . , they came to courts heavily armed to teeth and told us we can now sleep soundly at night, ----the culprit has been found, and they have a tangible evidence to back their hunt - a text message reportedly saying "Oga, na we do am". . , not funny believe me!

Fast forward 13 months and several bombings after. . . .now they have the real culprit. . .and as expected, they have their evidence. . . .a volunteered statement provided by a "remorseful leader" of a sect who have relentlessly killed/maimed Nigerians in their thousands. . .the same sect who have turned our daily lives to a living nightmare!

If you are not asking what's the catch, then it may be a sign that you are an idiot!

13 months after, with the same lazy brains working at the SSS. . .using the same outdated technology. . .under the leadership of the same retarded president. . .combating an increasingly relentless violent sect?. . .

If someone is not producing some damming evidence, besides this annoying "he said, they said", then we are simply on that same spot we were 13 months ago, only this time, weaker and likely dumber


Well said bruv.

^^^
@ogundamisi: Since its not Buhari & CPC behind Boko Harram but it's d PDP family they all voted 4. Our usually loud BIGOTS are unusually quiet!

^^^
@ogundamisi: #Bokoharramsponsor #iftosaynaBuhari Our GOD OF MEN would have been paying solidarity visit to A**se Hole Rock By now!

^^^
@ogundamisi: #Bokoharramsponsor #iftosaynaBuhari Reno Omokri would have been calling on 'parasites' to go & read what d constitution says about TERRORSIM

^^^
@ogundamisi: Double PALAVER is when U vote GEJ & not PDP BUT with D bonus of PDP induced Boko-Harram & 'TRANSFORMATION' changing to 'TRANSITION'

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@zeesine “I” followed D advice of our General Overseer & Voted 4 D clueless 1 because he had no shoes now “I” know better. Any other Q?

The Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, Wednesday  called for fiscal discipline to help keep inflation rate below 10 percent.

Bloomberg quoted Sanusi to have said this in a text message from Mecca, Saudi Arabia.

The latest National Bureau of Statistics (NBS), Consumer Price Index (CPI) report for July, had shown that inflation slumped by 9.4 per cent year-on-year in July 2011, compared with the 10.2  per cent, year-on-year recorded the previous month in the new CPI series.

According to the banking sector regulator, the slowdown in inflation to 9.4 percent last month was mainly due to food prices.

The CBN had raised its benchmark interest rate four times this year to 8.75 percent to help curb inflation as government spending increased. Finance Minister Ngozi Okonjo-Iweala, who took office Wednesday, had also vowed to tighten policy to put Nigeria on a “better fiscal path.”

Sanusi was quoted to have said: “To sustain low inflation levels, we do hope that Ngozi Okonjo-Iweala will bring fiscal discipline to bear and this should support our tightening measures. Price-growth eased last month because of lower food inflation due to the harvest. We need to keep an eye on core inflation and see how it behaves next month.” 

The next CBN’s Monetary Policy Committee (MPC) meeting will hold on September 20.

Meanwhile, the Attorney General of the Federation and Minister of Justice (AGF) has fully expressed support over the action of the regulators on the three nationalised banks.

A letter signed by the Chief Press Secretary to the AGF, Mr. Ambrose Momoh, dated August 10, a copy of which was made available to THISDAY, said that the AGF was fully informed about the various steps taken by the regulators.

The Nigeria Deposit Insurance Corporation of Nigeria (NDIC) had about a fortnight ago, bridged three erstwhile rescued banks - Afribank Plc, Bank PHB Plc and Spring Bank Plc, following their inability to recapitalise, after their banking licenses were withdrawn by the Central Bank of Nigeria (CBN).

Three new banks namely – Mainstreet Bank Limited, Keystone Bank Limited and Enterprise Bank Limited, were later established to replace them respectively. The banks were thereafter sold to the Asset Management Corporation of Nigeria (AMCON) through a purchase and assumption agreement.

The letter explained: “The CBN, NDIC and AMCON had informed the AGF that the actions taken on these banks are on the ultimate interest of depositors and the safety as well as soundness of the Nigerian financial system. The AGF is aware that the NDIC had composite interaction with the CBN, Ministry of Finance and the Ministry of Justice on these actions.

“The AGF is aware that the NDIC, CBN and AMCON acted in full appreciation of their functions and powers under their respective statutory mandates and particularly, the protection of depositors and the system. He will continue to monitor these actions in order to ensure that the appropriate laws are complied with and due process followed.”
http:///qc9ElL

@jarus, thx bruv, the link is not attaching. But here is the full story: Kenny: Islamic Banking: Furore versus agitation

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Wednesday, 17 August 2011 00:00 By Joseph Kenny Opinion - Columnists



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IF you want a loan, find a friend, not a bank —unless you are very sure you can make the payments.  If not, before long you may be homeless. And if you make the payments, when it comes to menu, you may find yourself on 0-0-1.  Interest rates may appear low in the beginning.  But when they begin to compound, you may want to abscond, start from scratch under a new identity.

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When banks lend to defaulters like you, they come on hard times.  But banks are getting wise.  They see through your bluff, your designer attire, your confident demeanour, your know-it-all discourse. They check your credit rating, your collateral, the fine print of your proposal.  Their astuteness pays off.  See the handsome profits banks are posting.

On the international scene, the name of the game is hardball.  They prefer lending to governments, not businesses.  Businesses can declare bankruptcy, but governments cannot.  What does it matter if loans are embezzled?  Government can always impose austerity measures.  The poor may complain, the rich are secure, and government cannot abscond.  With compounded interest, its debts are many times over the original loan.  Circumstances must be very hopeless before a debt is written off.  Even then, be sure land or resources are not part of the bargain.

So economic injustice is the problem.  What solutions are possible?  The Central Bank proposes Islamic banking.  Then comes furore. Why should government get involved in Islamic institutions? The furore, I think, is premature.  Muslims are proposing a solution to a problem weighing on all of us.  Why reject it out of hand, just because it is “Islamic”? Muslims, you may answer, are not bothered about economic injustice.  They simply want to obey the Qur’anic command: No interest on loans.  But, in fact, they are bothered about the injustice, and they see Islamic banking as a remedy.

Then what about its conditions?  If you take a loan from an Islamic bank, the bank and its depositors have a share in your enterprise and its profits.  Besides, your enterprise must be Sharia compliant, e.g. it cannot be a brewery.  Maybe you do not like these conditions.  No one is forcing you to use Islamic banking.  Compare it with interest banking.  It is for you to decide which is more advantageous.

But the furore gets stronger.  Islamic banking is part of a scheme to turn Nigeria into an Islamic state, step by gradual step.  Then comes agitation.  Christians are persecuting Muslims.  They won’t let us bank as our religion dictates.  They squash our well-meaning initiatives.  Islamic banking is our right.  Do not stand in the way!

“Calm down,” the referee calls.  Examine the issues.  What are the Christian complaints? (1) The first complaint is that the original guidelines of 4 March 2010 (BSD/DIR/GEN/NIB/01/008) restrict non-interest banking to Sharia banking, i.e. no other form of non-interest banking is allowed: “A non-interest bank means a bank which transacts banking business, engages in trading, investments and commercial activities, as well as the provision of financial products and services in accordance with the principles and rules of Islamic commercial jurisprudence.”

This complaint is dealt with in the revised guidelines of June 21 2011, which reverses that restriction: “For the avoidance of doubt, Section 23 (1) and Section 66 of the BOFIA 1991, (as amended) explicitly provide for the licensing of Non-Interest Banks (NIBs). The CBN is obliged, by law, to issue licences to appropriate entities for the establishment of NIBs provided they meet the regulatory requirements for licences. In view of this, the CBN is open to receiving and evaluating applications for licensing of non-interest banking institutions based on other principles rather than the Islamic variant and will soon issue separate guidelines for non-interest banking under other principles.”

(2) A more serious complaint is that CBN, by setting up a Sharia Council to oversee the Sharia banking operations, is instituting government enforcement of Sharia observance.  The  March 4, 2010 Guidelines provides: “There shall be an advisory committee on non-interest banking within the CBN to be called the CBN Shariah Council (CSC), which will be outsourced. The CSC shall advise the CBN on Islamic laws and principles for the purposes of regulating noninterest banking business.”  This arrangement follows the Malaysian model, whereby government guarantees the Sharia compliance of the banks.

But there are other models.  Sharia banking is widespread in the United States.  LARIBA Bank is licensed with the Nationwide Mortgage Licensing System, and in 19 states that require licences .  The government and licensing bodies ensure compliance with general law.  They do not regulate the Sharia aspect of its banking.  That is a matter between the Bank and its customers or professional advisers.  If word gets out that the Bank is faulty with regard to Sharia, customers can decamp to another bank that satisfies their conscience.  As for the government, in that matter, it is hands off.

The U.S. model, in my view, seems appropriate for Nigeria.  It should quiet the alarm over a creeping Islamic take-over.  It would give Muslims scope to do banking as they see fit.  And, if it succeeds, it will provide a model for others to imitate.

There has been some shift in this direction. Mallam Lamido Sanusi declared: “The Central Bank is not promoting or establishing Islamic bank, the CBN is simply licensing and regulating an institution that is allowed to exist under the law.”  And the revised guidelines state: “Another significant review is the removal of any reference to Sharia Council which has been changed to Advisory Council of Experts whose responsibility is to advise the CBN on the appropriateness of relevant financial products to be offered by the institutions.”

Yet the word “appropriateness” requires clarification.  Does that mean Sharia compliance, or simply conformity with general law?  To allay all suspicions, CBN should clearly state that, in licensing Sharia banks or “windows”, it entrusts all Sharia regulation to the banks.  If they want a warrantee, let them get it from the Supreme Council for Islamic Affairs.

• Professor Kenny teaches at the University of Ibadan

 

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Author of this article: By Joseph Kenny

Kenny: Islamic Banking: Furore versus agitation: http:///nwU2eQ via @AddThis

Islamic Banking Is A Branch Of It: http://www.thisdaylive.com/articles/non-interest-banking-ll-attract-offshore-funds/96473/#.Tkks2oZLlBU.twitter

You peeps are full of hate, especially @Bliss4lyfe. The below link will assist you. Niger republic is coming on board as an oil producer. Northern Nigeria's neighbour. "@UpstreamOnline: Niger on track for first oil: Niger will produce its first barrel of oil in the first quarter of next year a, http:///iLKKiB"

@NOBLEZONE
I hate joining issues with peeps. I believe you are a learned person? In the law of TORT, a man was sitting by the window side of a high speed train, suddenty, he got blown off by the wind, and crashed into empty seats thereby getting injured. He sued the train management for speed and leaving the window opened. Lord Goddard QC,(as he then was), refused to award judgement in his favour seeking compensation for personal injuries. The judge ruled that the man has an OPTION to sit anywhere else. So, you have an OPTION to deal with your regular banks that condone PORK. Besides, Soludo promulgated non-interest islamic/sharia banking, Sanusi diluted with "any other finance institution' that so wish to open non-interest banking window, for which the guidelines has been amended to include it. I hope you will go to CBN website and read more.

@ Olumide
Here are the holes : "let it also be known that we are not against islamic banking per se, " Contrast this with ", this is in addition to a proposed establishment of a sharia council of experts to be based at the CBN to monitor the operations of the islamic banking and we asked, is this what operates in all the countries before the introduction of islamic banking as against other non-interest banking" I must say, that this man is confused. How do you manage an institution that is out to benefit the generality of the populace without having experts/consultants? In the UK., the islamic bank of britain has a sharia advisory committee, which advises the central bank governor. And it is called Sharia Supervisory Committee. See www.islamic-bank.com/sharia-finance, It is therefore disheartening that the CAN president, whom we assumed to be well travelled and knowledgeable, will speak to the press without making research. And he said 'we have continued to frown at the way the CBN governor who is paid with taxpayers money to be championing islamic banking, " This is crazy. Who do investors look up to on matters like this before investing their dough? Does he think the 25billion naira, they are depositing will not come with some price? I doubt if the CBN, will box the 25billion naira, just for safe keeping.

2. In other interviews, he brought the issue of OIC, the ajami (arabic) letters on the naira notes. He went further to say that the removal of the ajami on the smaller notes by Soludo, has been brought back bY Sanusi. I wonder if this man handles Nigerian currencies at all. I didn't see any ajami on our smaller denomination. If this man has an issue with Islam, then the Sultan is corrrect when he said what he said earlier.
On the issue of Boko Haram, the CAN president was in the news supporting the Niger Delta militants, in their heydays. The Sultan as a former intelligent officer knows exactly what he is saying.
I think the CAN has made a big mistake by nominating this Oritseajaifor of a man. He doesn't think before he speaks. He should have studied the situation before talking. Thank God he said it himself, that the Sultan has finally spoken. But the Sultan was consulting and thinking before he spoke. That is sign of good leadership.
Lest we forget, this CAN president's wife is managing eagle flight microfinance bank, in warri. A bank that is neck deep in usury. How holy is he then?

For those who are still sitting on the fence over non - interest islamic/sharia banking, here is food for thought: EDITORIAL | Enough of Religious Bigotry Please: http://www.thisdaylive.com/articles/enough-of-religious-bigotry-please/95889/#.TjLFYQbfkLo.tweet

Thank you my brother @ Congoshine

@ NOBLEZONE
Have you took time to read my post ? Here is a raging fire and people of peace are looking for ways to douse it, and you are here telling us "it is more on (islam) side". Are we in a competition?
Before Usman Fodio, there were KNIGHT TEMPLARS in europe, which is what the terrorist of Norway represent. Did you care to read about them? OK, if that is too advance for you, because you are lazy to read more about your religion, what about the SLAVE TRADERS, that came with the Bible of deceit on one hand and MIRROR on the other? They carted away our forefathers in sardine like manner, and sold them to slavery. To make matter worst, they renounced slavery in the 17th century, instead of bringing them back to the spot where they picked them, to reconcile with their families, they dumped them on Islands.
Who cares if an imam is disturbing your peace in your rat-hole (Nyanya, Masaka), FCT. Relocate or report the imam to the nearest police station.

@ REP S NIG
You don't know what Islam thought me then. You are the coward I was referring to from the other divide. I and millions of my type are the majority in the middle. I also believe there are extreme (smaller) percentage on both sides. You inclusive. The sultan made an innocent statement, which first of all condemns extremism, through his secretary general, lateef adegbite. All of a sudden CAN exploded, with all sorts of abuse in the books. You didn't see what was wrong with that. It is Islam that is a topical issue. The actions of a very few, like you on either sides cannot be used to judge a majority of us in the middle. I have taken time to read the holy bible right from my secondary school days and there is no where violence is preached. So also is the holy qur'an. Take time to go through it please. I shall leave you with a most compelling commentary on euronews, that will guide us: Breivik and Bin Laden, extreme at both ends http:///n8gPor #Breivik

One thing I despise about Nigerian xtians is, they are cowards and so shall they remain.
BTW, who says the word "infidel" is referring to xtians. I know xtians are true believers of God and Jesus christ which the muslims believe too in. If "infidel" is something you arrogate to yourself, well, so be it. The Sultan has said what he wants to say, and if your cowardness will allow you, go to court. I think that is where peace loving people seek redress? If not, show violence.

Jazakallah Khairan, Brig. General (ttd)., Sa'ad Abubakar III.

@Mikeansy, Lol. The SCA, is an appelllate court with jurisdiction  within the purview of  fedral laws. A customary court, AKA, state  sharia courts in the North, where the penal code is operational, has original and appellate  jurisdiction to try and execute civil and criminal cases, within the purviews of the penal code laws. The man Jengebe, was taken to the state sharia court, sentenced and asked to appeal.  The case can go on and on until it lands in sharia court of appeal, within the federal laws.  He was given the option to appeal with state funds to either the state sharia court of appeal, or the federal court, with state funds, he opted for neither and the law took its right course. The constitution of the federal republic of nigeria, stipulates that laws could be made by state houses of aaswmblies and should fall within the jurisdiction of the state.  That is why we have customary courts, operating in the south, under the criminal code laws, and sharia courts in some parts of the north, with penal code laws.
The celebrated case of Amina, also in Zamfara was thwarted at the sharia court of appeal, under the federal laws.

You said a country where everything come from the centre, I don't understand that?
The topic is Islamic Banking, purely economics. I don't know why we are discussing criminal aspect of sharia laws.  The laws governing the set up of Islamic Banking is the BOFIA, not the constitution. If you have any quarrel with it, Malam Sanusi Lamido, is asking you to go to court.
On the aspect of having my country differently because of Islamic Bank, I think it is only the antagonist that will be reminded to move over.

I think you are the bigot mentioned in this thread. In the first place, the constitution of the federal republic of nigeria, never excluded the criminal aspect of the sharia in its provision. It allows "states" willing to go further than the civil aspect of the laws, to promulgate these laws via an act of their state assemblies. That is the body language of that provision. Two, in states where sharia laws are implemented, the concern is on the adherents of the said religion. It has nothing to do with a non adherent. Let's take Kano for example, it has since simmer down on both the natives and non natives, where the jurisdiction of the sharia laws starts and where it stops. There has never been any reported case of trespass by both adherents. The non adherents are free to do whatever they so wish within their domain. Alcohol, brothels, bars, casinos and indecent dressings are allowed in Sabon gari, Tudun Wada, Brigade and surrounding areas where non adherent are populated. This follows the prophetic teaching of Muhammad (SAW), in his days, where Jews and Christians live alongside the Muslims.
On your account that the southern part of this country will not allow islamic banking, I don't know where you are getting your facts from. The last I checked, the south westerners, are vehement in the introduction and application of this bank. Bashorun MKO Abiola and Shehu Yar'adua, may their souls rest in perfect peace, brought in Habib Bank from the Islamic republic of Pakistan, which in its original concept was to apply islamic banking, and still has a window for that. Lotus Capital, is owned and managed by the Yorubas. The North, you are even accusing has not gone full throttle, in the application and setting up of these banks.
Back to our educational system, where young brains, are modelled, there are christian schools in Nigeria than Muslim schools. These schools are fashioned in line with the teaching of christianity. Take for example, redeemers university. My wife went to a missionary school, st. Gregory, even when she is a muslim. Sanusi lamido sanusi, went to a missionary school. If Nigeria, is for all of us, I think the muslim should allowed to practice what they see as their God given and constitutional rights. No need for semantics and postulating what will happen in the future. I think when we get to the bridge, we shall all decide how to cross it. Abi na u get tomorrow?

Even when it is evident that a professed igbo son and champion of igbo culture and dye in the wool catholic, prof. Charles Soludo,contributed and streamlined the islamic banking rules and procedures, some bigot nairalanders  are spamming this forum:   
http://nationalmirroronline.net/news/15417.html

Vatican offers Islamic finance system to Western Banks | Economy | World Bulletin:http://www.worldbulletin.net/?aType=haberArchive&ArticleID=37814

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Results of Two Polling Units in Ilorin East LG:
PU015: PDP-65, ACN-23, CPC-25, 7 other parties-1 each, Invalid-8 Toatal Votes-128, Total registered-768.
PU019: PDP-16, ACN-8, CPC-4, others-1, Total Votes-29, Total registered-645.

Latest election results in Yola town.kofar Mai anguwa,CPC. 312, AC 11 PDP 4, kofar Fulani CPC 486, AC 4, PDP 02, kofar Wali, CPC, 501, AC 03, PDP 00

A kofar jibir dukku gombe, CPC 576, PDP 3 votes, ANPP 1 vote!

Abaji Central PU 37/01/001/002. CPC =541, PDP= 29, ACN=1, ANPP =1

Election result from Federal Lowcost Primary School Maiduguri Unit II (08/21/01/017): CPC-268, PDP-37,ACN-0, ANPP-0,NCP-2, UNPP-1, PPP-1, BNPP-2. No invalid vote. Surulere itere PU, Lagos PDP 170, AC 68, CPC 16,ANPP 1

Ok let me know if you have a 20003 model toyota avensis too pls

@ poster
Send please send pix to ahnadu2000@yahoo.com and we negotiate price

Could you do for 800k then ?

^^^^
​Telephone Conversation between Goodluck and Katsina Governor Shema.

Goodluck: Governor Shema what happened in your state after all the promises you made to deliver.:s 
/GovernorShema: Wallahi your excellency it was Tsunami!8-|

Goodluck: Kai but why was there no tsunami in Kano and Jigawa?:>

Shema: Don't worry during presidential election it will hit everywhere.:O

Silence!:x=))=D

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Source:thenationonline.com

In 1645 one vote gave Oliver Cromwell control of England. In 1776 one vote saved America from the German Language and gave them the English language. In 1875 one vote changed France from a monarchy to a Republic. And unfortunately in 1923 one vote gave Hitler control of Nazi Party Germany.
Your vote is of great value, use it for the future of our children. Vote & make sure it counts. Its your right & power. Vote Gen Buhari for President. Forward this to all your contacts and save the future of your Children! Save Nigeria!! God Bless you as you do!!!!

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Utterly useless man!

@Sagamite, Take am easy na