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Mpele:Are racial tensions really that bad? No wonder Zuma came up with some lily livered statements after the death of the racist. I think his approach is wrong, he should have remained silent and ANC shouldn't have stopped their songs like it was them that killed the bastard. @RSA Wonders! Are you a core ANC dude? ![]() True, there's some powerful and resonant rythms in those ANC songs. Malema sings what everyone sings. ![]() |
violent:You forgot Mike Tyson. These people have all been declared honorary Nigerians by Iwu. He has a passport office in his backyard. |
What about $12billion peace keeping in Liberia? But I think people should slow down a little bit, maybe we should get some more stabilty and positive traction in the country first before going full scale after people like IBB. |
citizenY:Good to see you back. I hope you have conquered the gremlins. If there are misconceptions, it really is the duty of those who have the means to communicate not to be shy about it. That way, people begin to see things from the other person (or cultures) perspective and understand why they might think or react differently. Any misconceptions will also be slowly laid to rest. @Arkison Nobody is gonna eat you up. Come out and discuss, stand your ground where you need to and give ground where you need to. |
This is very funny. So Nigerians can be banned from visiting certain states by, wait for it! Political parties? Damn! Even the President can't ban any Nigerian from visiting a state. What is the World coming to? |
marvix:Iwu would have resigned if he had some integrity. You can compare Humphrey Nwosu; against all odds, he released results. Even after being directed not to do so because the election he conducted had been annulled without his say so. He made sure we knew his side of the story, even at great personal risk. Lets not forget that all this happened during a military regime when sudden dissapearance wasn't uncommon. Whatever Iwu faced from Obj is childs play compared to what obtained under a dictatorship. |
citizenY:CitizenY, where you deh since? I salute you back. Please beg your man to switch completely to English. I am quite sure that Hausa is being spoken because a couple of folk are not comfortable with how a public analysis of hausa society will be recieved by Southerners. But it is best to switch so that folk don't think there's arrogance going on, even though it might only be discomfort. It is healthy to talk in the open and get to grips with other cultures, especially for tomorrow, because it seems "one Nigeria" is going nowhere. |
marvix:True, we should cut the guy a lot of slack sha. He was sent on a trip that isn't in his job brief, a great percentage of people suddenly exposed to such stratospheric levels of diplomacy would be very uncomfortable. The man isn't a career diplomat. |
Hopefully, the US will help with developing and clearing of the ND. Nigeria will be the next South Korea, Japan, Germany or other US cooperation success story if Jonathan can drive our case skillfully. |
chiozor:The system does not include me (I don't know about you). The system consists of govt and those they patronise. On the whole, your theory is wrong because, in 1993 Professor Humphrey Nwosu was able to hold the only free and fair elections the country ever witnessed. He released the results under severe threats from IBB, because he valued his good name and integrity above all else. Iwu has no good name and no integrity, those who have paid him corrupt monies are the only ones clamouring for him to continue in office. His time is up. |
Arkison:Introducing the first usage of [size=14pt]Hauglish![/size] ![]() |
Horus:What an animal. No wonder his boss was deservedly beaten to death. Those people are despicable racists, imagine the way he addressed a woman! And on live TV! Yet the clown wants the World to believe that he is superior to Blacks. He is inferior to even cockroaches, let Malema sing! "Kiss the boer! Hei! The farmer! Hei! Hei!!" ![]() |
Poor Iwu, he explodes?! He will soon implode. ![]() |
Sagamite:Actually, throwing insults is the unmistakable sign of a gutter upbringing. It is vast distances away from the intelligent light you so desperately beg to be shone on you. . . But you go to the market and there is the mad man; as usual, pointing his fingers at everyone else and rolling in laughter at their "madness". Its a fundamental irony. . . .Mad men indulge in "unorthodox approaches" by habit. |
Everything was wrong with poor Yayale. He kept casting furtive glances here and there like he was suddenly going to bolt for dear life in desperate cornered animal style. His gown looked old, weather beaten, dirty, the wrong colour and No! . . .There was actually a stain on it! He kept fidgeting and scratching, sitting at the wrong time, offering his hand at the wrong time, bowing when shaking hands, shaking hands like he was catching a fish bare handed. The worst bit came when he spoke and said, "I am humbled". Humbled by what exactly, Mr Yayale? He went on; "Simply by signing this document, we set our country on the right path to development". HOW? I am in mourning. |
coldhearts:You will be shocked that Sagamite is a moderator. |
Sagamite:It is good you recognise your "logic" as yours only; even fools will have none of it. Unfortunately your own "unorthodox approach" brings you only scorn. That isn't surprising when you consider that those with mental problems always offer "unorthodox approaches" that make them sort of stand out. Grown ups just don't go around making love to themselves, they find others who admire them to do it with. Instead of begging to be noticed, why not wear an "I'm intelligent" placard whereas, everyone else observes you as a dunce and an unsophisticated wannabe; something like an agbero claiming to be a professor (please look up the word). Who's being decieved? ![]() I genuinely pity you. Please lets return to the topic, you are a waste of my time. |
Sagamite:Very strange! I wouldn't have thought even a donkey posing with airs of pseudo intellectualism would name "Mourinho, Cowell, Ali, Clough" as icons of brilliance. Shocking. By the way, what you call an "unorthodox approach" is really a serious character deficiency, but then a man like you "sent by God to Calabar", rammed his car into the belly of a plane. Wierdo's too, express themselves. ![]() Sorry. To me you are a dim bulb and a rusty can. No need begging people to see you as what you aren't. Truly saddening. |
^ Yes, morpheus24 is genuinely brilliant. He can also put his opinion across in civilised ways; think about that, its a useful skill. morpheus24:Yes the man is a wonderful (even if dirty) ANC tool to reach the downtrodden in the townships. Malema will continue singing, they will just ban unfriendly camera's and strictly ANC known faces will be allowed close enough to the stage. Don't let the rendition fool you. They sang this song in mass especially when when burying their fallen heroes. The other chant "shoot the boer" is meant to be a call to arms but in modern terms a call to act.I don't agree. Singing "kill the boer" when burying fallen heroes has to be on the same moral scale as singing "shoot the boer" at ANC rallies. |
@Kobojunkie Why don't you at least try to start your own thread for once, instead of trying hard to derail other peoples threads? Surely you're not so daft that you can't start your own "dora I hate you" thread? Even with a single brain cell you could start a thread. Are you so daft or what that you can't notice the title of this thread? It says "Jonathan To Keep Power Portfolio For Now". It has nothing to do with Dora. |
morpheus24:Lovely link, but. . . Its for the bourgeoisie. You wouldn't play that in the black townships where primal emotions run deep at their lot in society that is still very unfair. Blacks own 20% of low value land; while 96% of commercial arable land is owned by white farmers. . . The struggle is not yet over, let Malema sing, I think he's just an easy target, but even Mandela is in on the "kill the boer" songs. |
Please peeps, stop derailing this thread with Dora. It isn't about Dora. |
Anybody remember this? Its one of the worst accidents F1 has seen, but the dude miraculously walked away with little more than a sprained ankle. Enjoy. [flash=640,385] https://www.youtube.com/watch?v=tD8u4IWo8SA&hl=en_GB&fs=1&[/flash] |
Whats this bullsh!t going on here? Do people think this is BBC Hausa service? ![]() |
This is another "kill the boer" song with Mandela taking part in the singing (has some obviously biased translation); [flash=480,385] https://www.youtube.com/watch?v=NKiePbTcAfY&hl=en_GB&fs=1&[/flash] |
morpheus24: . . .I honestly couldn't find much that is racist about the "kill the boer" song. Its an old war song in a battle that is still being fought in SA. Please tell me what you think. [flash=480,385] https://www.youtube.com/watch?v=OIsO78kkJP0&hl=en_GB&fs=1&[/flash] |
[quote author=ndu_chucks link=topic=426056.msg5846639#msg5846639 date=1270644787]It is rather arrogant of GJ to keep the power portfolio to himself as if he does not have enough to do as acting president. If he could not find a competent Nigerian for the post, then he himself and his search team are incompetent. The Americans have pledged their support for immediate assistance in the power sector, GJ needs to allow a minister to handle the executive authorities in that ministry and GJ should focus on getting all the international help we've been promised. This seems like an attempt to score cheap political points - this is irresponsible![/quote]Come on! You're only saying this because you are a big shot and the cost of fuel for your generator doesn't bother you. Think of all the little guy's who must depend on PHCN for survival; in such peoples eyes, what Jonathan has done is nothing short of commendable. This is the same sector that others have tried and failed to bring success to; from IBB to the 16billion in Obj's time, still no dice! Yet Jonathan is brave enough to take the leper into his hands and breath life. The power sector has always been very close to Jonathans heart. Lets not forget that he was the first (and only) government official to ever apologise for the failure to meet the 600MW baseline Yar'Adua's govt set for power supply. Lets wish Joe all luck and success in delivering electricity to Nigerians. |
[size=14pt]NNPC: Cost centre or cash cow? [/size] Friday, 02 April 2010 01:02 Abubakar Nuhu Koko The Nigerian National Petroleum Corporation (NNPC) is a mega-spender in the Nigerian economy (i.e. more 40 percent of the Gross Domestic Product - GDP) and equally, a mega revenue generator to the nation's three tiers of government (i.e. it contributes over 80 per cent of the Consolidated Government revenues and 95 per cent of foreign exchange). However, it has a chequered historical evolution, development and transformation since its establishment in April 1977. Since then, the corporation never had it that rosy in terms of financial bottom-line. Hence, its fortunes have always swung with its misfortunes in a pendulum-like manner. For example, the misfortunes of the corporation started when its precursor, the Nigerian National Oil Company (NNOC) was first investigated in 1975-1976 by the Murtala-Obasanjo's administration for mismanagement of Nigeria's crude oil production and export marketing policies; especially during the first international crude oil market crisis of 1973-1974. Ever since, it has known no respite in terms of one form of panel of investigation or another. The latest being the National Committee investigating Remittances to the Federation Account headed by Ogun State Governor, Gbenga Daniel. The Committee was recently set up by Acting President Goodluck Jonathan to probe government's revenue leakages. For failing to honour the invitation extended to the Group Managing Director (GMD) of the NNPC, Mohammed Sanusi Barkindo, to appear before this Committee, Acting President Jonathan ordered that a query be issued to the GMD. However, I point out here that Barkindo is not the first NNPC GMD who failed to appear before a legislative or federal government investigative panel or committee with impunity since the corporation came into being. For example, many of Barkindo's predecessors during the periods 1999-2007 were known to have shunned appearing before National Assembly oversight and/or investigative committees with impunity. They pick and choose when to appear before these panels or committees. And, even then, they do so only when threatened with warrant of arrest by the concerned legislative oversight committee or investigative panel. There are also other parallel legislative and presidential committees currently investigating the affair of the NNPC since 2007. This includes the most recent Ibrahim Bunu's Presidential Panel on investigation of major capital project that has NNPC included in its mandate. This panel was inaugurated by Acting President Jonathan in early March 2010. Prior to the setting up of the Governor Daniel's investigative committee, the Federation Accounts Allocation Committee (FAAC) had in April 2009 interrogated the Barkindo regarding a N450 billion underpayment into the federation account. The NNPC management acknowledged the underpayment and promised to account for the missing money. [size=14pt]But, in another twist, in June 2009, the NNPC management turned around and presented the FAAC with a demand for refund of the sum of N1.15trillion outstanding subsidy claims. Independent audits of the claims were agreed by both parties. Again, in March 2010, the NNPC slammed the Federal Government with another outstanding claims to the tune of N880billion dating back to 2005. [/size] All these claims forwarded to the ministry of finance for refund are for various expenditures incurred on behalf of the Federal Government by the NNPC; including cost of crude and products lost owing to pipeline vandalism and losses incurred from supplying petroleum products at regulated prices. I must also state here that there are other annual outstanding NNPC Joint Venture Cash Calls claims running into billions of United States dollars yet to be settled by the federal government in favour of both the NNPC and its joint venture international oil companies (IOCs) partners. Furthermore, early March 2010, the immediate past Minister of Petroleum Resources, petroleum industry veteran Rilwanu Lukman and Barkindo revealed to the nation and the world that the NNPC is currently running at a loss of more than N200bn, with contingent liabilities of more than N146bn and $277m (totalling about US$2.5bn). They further expatiated that the corporation was technically insolvent in 2008, recording a negative account balance of about 326 billion naira (2.1 billion dollars, 1.6 billion euros). In addition, in 2009 the corporation lost 25 billion naira in terms of revenue and spent about 800 billion naira on fuel importation. Moreover, "We spent nearly 175 billion naira from 2000 to date on repair of vandalised pipelines. In 2009 we lost about 132 million litres of petroleum products as a result of theft and diversion". He summed the sad situation using four words: "Technically, we are insolvent." Having listed all of the above, I would like to point out that the management of the NNPC also revealed and confessed to the fact the behemoth is a 'Cost Centre' - whatever that means. My ordinary understanding and interpretation of this Nigerian petroleum industry investment parlance is that the management of the NNPC is not cost efficient. Put in other words, the management does not have the ability and wherewithal of controlling or minimising costs in its entire operations in order to maximise profits. [size=14pt]For example, the NNPC boss pointed that: "NNPC management spends less than one third of its time on core business. N50 billion spent annually for staff in corporate support functions." [/size] Thus, to balance the above equation, I must add that a management audit conducted by the World Bank in 2000 at the behest of the Federal Government of Nigeria revealed that the NNPC suffers from gross under funding and capture of all its revenues streams by the federal government. The management audit was of the opinion that: "NNPC' performance is poor because it lacks both the external and internal prerequisites to commercial behaviour"…"As NNPC has no board of directors, it operates largely on the basis of government directives." I conclude by saying that NNPC as presently constituted and managed can best be described as: A Golden Cash Cow that produces Nigeria's Black Golden Milk but at Black Golden Costs. http://www.businessdayonline.com/index.php?option=com_content&view=article&id=9745:nnpc-cost-centre-or-cash-cow&catid=96:columnists&Itemid=350 |
tunku:On that day, I will pack my bags and ammo headed for South Africa. . . --My comment covers the bolded only-- |
"carry-go". . . WTF! ![]() Bush tricks from a bush man. . . CBN boss turned generator loan giver. |
[size=14pt]Sanusi, Renaissance Professionals, others [/size] Tuesday, 06 April 2010 01:03 Ik Muo One of the paradoxes of the Sanusi bouquet of reforms is the equal measure of commendations and condemnations for the reform and the reformist. In the first instance, many informed observers were of the view that something was wrong with the Nigerian banking sector, or at best that something was about to be wrong, despite Soludo's bold-faced assurances, the thousand and one funny and phony awards, the reported growth in sizes and all that. Some believed that the banks had grown so fast and so soon that there was need for stock-taking; that capital base was not all there was to banking, that some of them exhibited desperate tendencies, that there was increasing regulatory laxity, that the N25billion capital base was not an end but a means to an end; that there were serious corporate governance lapses, that the banks and bankers were no longer following the narrow paths of caution and conservatism, and that the competitive tempo was becoming riotous and unhealthy as it was after SAP and before the last mass distress. So when Sanusi promised to 'do something', there were commendations, even before the shape and colour of the 'something' became very clear. This commendation was not total but it was up to 80 percent. When he fired the first salvo of the 'something' on August 14, 2009 and followed it up with a series of statements, some of which were more like 'accidental discharges' and other actions, and when the consequences, some intended and mostly unintended, started manifesting, the commendations transformed into condemnations. The condemnations were related to the release of stale and untidy debtors' list, statements as to the fate of the banks and their shareholders, apparent criminalisation of bank lending and borrowing, the consequential credit squeeze and generally talking too often and too much. Now, as it was in the beginning, this condemnation is not total, but it is also up to 80 percent. And most will start by admitting that the banking industry needed serious 'rebranding' Now, most of these critics, whether individuals or groups; did one-off commentaries and left it at that. But a group, The Renaissance Professionals, has made Sanusi/CBN watching and bashing their major preoccupation in recent times. They have analysed all the activities, policies, speeches and actions of the Governor and the CBN; they have constituted themselves into a watchdog for the semi-failed banks, especially the lifestyles of their CEOs. They have tried to compare the governor's walk with his talk and they have appealed to everybody, including the Danjuma-led Presidential Advisory Committee, to call the CBN governor to order. I don't know the makeup of this group (or whether it is actually a group or an individual) or its motives, but their write-ups are incisive, insightful and illuminating. The person or persons writing those things sure know what they are talking about! [b]During an interview in late January or early February, Governor Sanusi referred to the group in an interview, saying it was sponsored by those dissatisfied with his banking reforms and that its budget of N300million was fast depleting. He spoke about the group with bitterness and it was obvious that he had been monitoring-and probably losing sleep over their activities. He even gave more details in his recent Guardian interview-their technical consultants, where and how they got the funds from Ghana, the senior Nigerian Guild of Editors' member who wrote the adverts and all that. [/b]Few days after that interview, another group, The Vision for Greater Nigeria (V4GN), emerged - an obviously pro-Sanusi and anti-Renaissance group. What it has done mostly is to obtain statements made by people in praise of Sanusi/CBN, and conclude with "Nigerians say carry on (Carry Go?) with your good work of sanitising the banking system, protecting our deposits and shares (?) and ensuring that the world has the confidence to do business with us." Now, given the governor's tirade at the interview and the emergence of this group immediately thereafter, I am persuaded that the governor, the CBN and those who 'benefited' from the reforms know something about the V4GN. Our elders tell us that if the owl cried at night and the baby died in the morning; then, there is obviously a causal relationship between the two events. In any case, since Sanusi knows everything about the Renaissance Professionals which has been writing against him, he should at least also know about V4GN which has been writing 'for' him. Before delving into whether the CBN should lose sleep over the Renaissance Professionals and how the governor should manage his other 'enemies,' I would advise that if the CBN is in any way involved with V4GN, it should desist from that. It is a cheap political trick that never solves any problem (like forming the Save Nigerian Coalition to counter Save Nigerian Group). Such imitations lack originality and the public readily sees them for what they are. This creates image and credibility backlash for the sponsors. Of course, one doesn't need praise singers to protect him from rabble-rousers if he is doing the right thing. Furthermore, the quality of the V4GN presentations including their carry-go sign-off leaves a lot to be desired. If they want to be taken seriously, sponsored or not and either as a counter to the Renaissance Professionals or an independent, focused pressure group, they need to do better than they are doing now. In their ThisDay advert of March 1, 2010 (p38), they wrote about "open and strictly followed reform agenda"- when the agenda was just being unfolded on the front page of the same paper, and when then Minister of State for Finance had just demanded for a formal blueprint to avoid "as the spirit directs" reforms. Some of the examples they gave of how Lamido Sanusi has been meeting stakeholder expectations (Punch, 23/2/09)- uniform year end, publishing average rates and issue of disclosures- were being done and/or started by Soludo, and resorting to name-calling is not a dignified approach to issues as they did when they left whatever messages and started attacking the messengers: "The so called professionals and their financiers, ill-meaning Nigerians who have chosen openly to wear the dirty lethal cloth of the evil mother corruption." It was just like Sanusi's reference to "faceless agents and charlatans" during his Bayero University Lecture of February 27, 2010 (ThisDay, 1/3/10] [To be concluded] http://www.businessdayonline.com/index.php?option=com_content&view=article&id=9828:sanusi-renaissance-professionals-others&catid=96:columnists&Itemid=350 |
However, after being grilled by foreign correspondents and local journalists after the encounter with Yar’adua, Kure was forced to admit that Yar’adua could only manage to grunt “Amen” during their prayer session with him. In yet another interview he said that he had closed his eyes to pray and could not tell if Yar’adua actually said Amen.I am quite sure Onaiyekan, Oyedepo, Obaje and Kure would soon be grunting too. ![]() |
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He will soon implode. 
