₦airaland Forum

Can you imagine?!
Just like that!

Over to you EFCC. Lets start smoking out the thieving rats.

[size=14pt]Generators Allegedly Traced to Ndanusa's Bida Home[/size]
03.22.2010

With the dissolution of the Federal Executive Council, the Minister of Sports and Chairman National Sports Commission, Engr. Sani Ndanusa, has begun to feel the heat of absence in the corridor of power. Allegations that would normally not make it to even the open beer-floors are now being generally passed around about his sordid involvement in the money, equipment and contract affairs of the Local Organising Committee of the FIFA Under-17 World Cup Finals, which Nigeria hosted last year.
The latest round of sordid tales surrounding him is about how he allegedly had some power generating set used during the tournament, routed to his country home in Bida, Niger State.

Ndanusa survived forgery of documents allegation made against him in the twilight of his term as the Minister for Sport and Chairman of the NSC. The document had to do with those he submitted to a screening committee for election into the board of the Nigeria Olympic Committee.
The new allegation is that Ndanusa made away with two 1.4 KVA power-generating sets meant for the training pitches located at the Aguiyi Ironsi Cantonment in Asokoro and the Area 3 Mini Stadium, both in the Federal Capital City of Abuja.
Sources say the generators, which were never put to use during the tournament, were initially meant to serve as standby power supply source for the two centers that had been slated as training sites for Abuja-based participating teams in the biennial championship.

A source in the LOC confirmed the development of this power plants having been found in Bida, at a location that has to do with the former minister.
What more, it is even said the generators are not reflected in the list of properties belonging to the LOC during an inventory-taking exercise that took place immediately after the tournament, as part of the winding down of the committee.
There is also an allegation that while the Acting President, Dr. Jonathan Goodluck has returned the LOC vehicle attached to him as the supervisor of the championship, the minister was yet to return 16 cars of different brands ranging from Prado jeeps, to Toyota Camrys, Peugeot mini-cabs and Hyundai pick-up vans.

“In fact there are so many things delaying our winding up programme,” says a source close to the LOC. “For instance, some of the vehicles used for the championship are still in people’s custody – like the ones with the minister.
Ninety percent of the vehicles supplied for the tournament’s convenience, apart from the ones Peugeot Automobile Nigeria (PAN) brought from Kaduna as loan and had attached to them its own drivers, are yet to return to the office of the LOC.” Every PAN vehicle that came for the tournament, were not allowed to be driven by the officials it was attached to, but by PAN drivers, who had instructions to return them to the company premises in Kaduna, a week after the end of the tournament.

Meanwhile, the DG National Sports Commission, Dr. Patrick Ekeji, is said to have returned the Hilux pick up jeep attached to his office during the tournament, although he was said to have expressed an interest in buying it off should it be up for sale with the other vehicles of the LOC.
An LOC source says this was very honest of Ekeji, as this was what they expected other officers with vehicles attached to their offices, to do at the end of the championship.
“If other officials had behaved like the DG, half of the LOC problems on accounting would have been solved,” says the source.
Ndanusa’s name is high on the list of ex-ministers that may be returned to office when the Acting President announces the new cabinet.

http://www.thisdayonline.com/nview.php?id=169243

SEFAGO:
I can't believe you lol. You are obviously seeing the goodside of this criminal because he is from your ethnic group hehe.

He is not from my ethnic group.
He is not a criminal.

I don't know what This Day means by "strongly believed". But if Jonathan rebuffs PDP once again, what happens to Ogbulafor? Down the line, what happens to PDP?

[size=14pt]Jonathan rebuffs PDP on selection of new ministers [/size]
Tuesday, 23 March 2010 01:22 Badejo Ademuyiwa & Horatius Egua .User Rating: / 0

•May send list to Senate today •Ishola Williams may get nod on INEC

Acting President Goodluck Jonathan is strongly believed to be resisting pressure from the leadership of the Peoples Democratic Party (PDP) to allow it nominate persons to join the new cabinet in the works in Aso Rock. BusinessDay gathered that Jonathan is doing this with the tacit support of the leadership of the National Assembly which is disposed towards allowing the acting president pick his team to chart a new course for the country. Presidency sources disclosed on Monday that the new ministerial list had been finalised and may be forwarded to the Senate before the end of today for approval.

“The nominees have sailed through security screening so the list will definitely go to the Senate by today or tomorrow,” one of the presidency sources said, asking not to be identified.

“The Senate has given assurances that they will expedite action on the confirmation of the nominees so we expect the confirmation process also to start this week,” the source said.

An indication to the readiness of the ministerial list came with the dispatch of asset declaration forms to the former ministers thought to be about 21 that may return as well as new nominees for the statutory requirement. Dependable presidency sources told BusinessDay on Monday that the PDP hierarchy led by Vincent Ogbulafor, chairman of the party, had since the dissolution of the cabinet last week been putting pressure on Jonathan to allow the party have a say in who joins the new cabinet.

Ogbulafor had since last Thursday held more than three consultations with the acting president in a bid to have him listen to the party in deciding who is nominated as minister. In apparent acknowledgment that it may have failed to impress Jonathan, the PDP last night shifted its national executive council meeting from March 25 to April 8.
Jonathan

After one of the meetings, at the Presidential Villa, Abuja, the PDP chairman had told State House correspondents that Jonathan consulted with the party before the dissolution of the cabinet, a statement seen as a face saving strategy as the acting president is thought to have consulted the party.

“The PDP chairman has been here in the Villa for up to five times since the cabinet was dissolved last week. The leadership of the party wants the whole thing to be business as usual but Jonathan is insisting that he wants to select those who he can work with and who can also deliver the dividends of democracy to the electorate within the short period of time,” one of the sources said.

Ogbulafor seems to be battling for relevance as he lobbied to get a nominee from Abia central where he comes from. If he succeeds, Maduekwe who is from Abia North may be dropped from the returnees’ list. The presidency, it was gathered, may not be inclined towards having two ministers from same state, situation that could see Shamsudeen Usman being dropped for Mansur Muhtar, both of who come from Kano State.

Among those that may make the list are Timi Alaibe, former managing director, Niger Delta Development Corporation (NDDC) who will likely be in charge of the Niger Delta ministry; Andrew Azazi, immediate past chief of defence staff (CDS) and Mike Oghiadomhe, principal private secretary to Jonathan,

The returnee ministers may include Dora Akunyili, Mansur Muhtar, Remi Babalola, Kayode Adetokunbo, Ojo Maduekwe, Diezani Alison-Madueke, and Godswill Orubebe among others.

BusinessDay also gathered that in the race to appoint a successor to Maurice Iwu whose term as chairman of the Independent National Electoral Commission (INEC) expires in May, Ishola Williams may get the nod ahead of the three others - Atahiru Jega, Jibo Ibrahim and Olisa Agbakoba.

Williams, a former army general and head of Transparency International in Nigeria, is seen as an upright man and non-politician who could prosecute transparent elections in the country.

Jonathan, sources said, may be swayed by Williams’ credentials especially as he wants to leave a lasting legacy of being the one to conduct credible elections having been ruled out of 2011 contest.

http://www.businessdayonline.com/index.php?option=com_content&view=article&id=9486:jonathan-rebuffs-pdp-on-selection-of-new-ministers&catid=1:latest-news&Itemid=18

Sky Blue:
What does the part in bold mean? Way too vague so I don't know what there is to actually rejoice about.

What is most important is that the govt is seeing the need to build frameworks around the private sector and "creation of an enabling environment for the private sector". The time is too short for very much to be done, but groundwork is being laid and hopefully can be taken forward after 2011.

Why are involved in this long talk?
Banks are underperforming under Sanusi's watch. Its simple as 2 + 2, banks can't lend money = banks are hoarding money = banks have been made useless.
Simple as! Sanusi has goofed big time, therefore the long cabal uprooting broom must clear his ar'se out too.

. . .Obituary, here lie the bow tied remains of a CBN job weilded by a bush man, solely remembered for a maniacal and loudmouthed wish to line up CEO's for execution by an extrajudicial firing squad.

Damn! Nigeria needs better.

[size=14pt]Remittances: FG summons NNPC, Customs chiefs [/size]
By Ademola Oni, Published: Tuesday, 23 Mar 2010

The Committee of the National Economic Council on Remittances to the Federation Account has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Mohammed Barkindo; the Comptroller General of Customs and some key agencies of government to appear before it to explain certain issues relating to the remittances into the Federation account.

The indication to this emerged on Monday at a meeting of the committee held at the Transcorp Hilton Hotel, Abuja, during which decisions were taken with a view to correcting identified anomalies in the remittances of funds to the Federation Account by government agencies.

It is unclear what the committee want the officials summoned to the committee meeting, scheduled for Tuesday (today) to clear in their remittances to the federation account.

The committee was set up by Acting President Goodluck Jonathan, following the report presented to the National Economic Council meeting on March 9, by the Revenue Mobilisation, Allocation and Fiscal Commission on remittances to the Federation Account and related matters.

Membership of the Committee, headed by the by Ogun State Governor, Otunba Gbenga Daniel, includes Governor of Anambra State, Mr. Peter Obi; his counterpart in Bauchi State, Alhaji Isa Yuguda; the Deputy Governor, Economic Policy, Central Bank of Nigeria, the Senior Special Assistant to the Acting President on Economic\Bi-national matters as well as representatives of the Ministries of Finance and Economic Planning.

The RMAFC, had, in the report, raised questions on why the subsidy of petroleum by FG was yet to have impact on Nigerians; why the establishment of criteria for accessing excess crude revenues, excluding the exclusive use of such revenues for infrastructural development as well as the withholding of revenue by collecting agencies such as the Federal Inland Revenue Service and the Nigerian Customs Service among others.

http://www.punchng.com/Articl.aspx?theartic=Art201003231174568

Jonathan is making all the right noises and moves.

More than anything, we need to set up insitutions and traditions to handle development. We have had neither of these things, all previous administrations have seen development as something ethereal that you pray for or a benevolent ally bestows; I pray sincerely that this one, headed by an intelligent man is different, because Nigerians abound with the skills, vision, brains and doggedness to turn things around; if only we could be harnessed.

[size=14pt]Jonathan pledges accelerated diversification scheme for Nigeria's economy[/size]
From Lawrence Njoku, Enugu

FOR the upteenth time, the Federal Government has expressed its resolve to revitalise the nation's economy, through a strategic diversification scheme, to end its current monocultural profile.
Consequently, a new focus on non-oil exports, which had being on the card over the years, will now be pursued.

Acting President Goodluck Jonathan, who made the disclosure while flagging off the 21st Enugu International Trade Fair in Enugu at the weekend, also stated that government had released a N10 billion out of the funds earmarked in this year's budget, for the purpose of resuscitating the textile industry in the country.

He stressed that by the time the industry has been fully revived, it would be capable of generating jobs for thousands of unemployed youths and thereby greatly impact on the economy.

Represented by the Permanent Secretary of the Federal Ministry of Commerce and Industry, Alhaji Abubakar Mohammadu, Jonathan said that the present administration was determined to address the challenges facing the real sector of the nation's economy in order to ameliorate the impact of the global economic crisis on Nigeria.

He therefore called on stakeholders, especially the private sector operators, to join hands to ensure that the strengthening and re-engineering of the economy, to make life more comfortable for the nation's teeming population.

While stressing the need for dynamic and institutional frameworks that would assist in resuscitating ailing industries to be put in place, the Acting President stated that some of the industries which have failed could still be revived through structural rehabilitation, adoption of better technology, improved operational guidelines and focused strategy.

"The creation of an enabling environment for the private sector has been the priority of this administration," he noted, adding that government had resolved to frontally address the infrastructural challenges, especially the issue of power generation and distribution.

While saying that no efforts would be spared in ensuring timely completion of the ongoing Independent Power Projects across the country, Jonathan revealed that the federal executive council recently awarded contracts for the rehabilitation of 25 major roads spread across the six zones of the country.

In his speech earlier, the President of the Enugu Chamber of Commerce, Industry, Mines and Agriculture, (ECCIMA), Okechukwu Nwadinobi expressed delight that despite serious challenges encountered by the chamber during the planning stage of the fair, the exercise finally took-off and was being held at the permanent site for the first time.

He stated that since trade fairs provide the most visible business promotion and investment platform, the Enugu International Trade Fair promises to live up to expectations.

Speaking on the challenges facing the private sector in the country, especially in the South East, Nwadinobi expressed dismay over the problem of power supply, poor road network, as well as the recent closure of the Akanu Ibiam International Airport due to maintenance work expected to last for one year.

"Baseline research, which was recently carried out amongst our members, revealed a major decline and negative impact arising from the airport closure," he stated, even as he called on major stakeholders, especially the organised private sector, to quickly come together and explore the possibility of building an airstrip for light aircraft within the Enugu area, as a temporary measure.

http://www.ngrguardiannews.com/business/article01/indexn2_html?pdate=220310&ptitle=Jonathan%20pledges%20accelerated%20diversification%20scheme%20for%20Nigeria's%20economy

In 9ja, minister is much bigger. Because you are closer to the seat of power, if you play right, you can even choose the governor or topple the governor.
Let our experience with the cabal be your teacher.

Any foods that can be found in the sharia North can also be found in northern Benin Republic and northern Cameroun. . . And we are in Ecowas, so no biggie.

Besides, most food is grown in the Middle Belt which is now part of the New South.

[quote author=Had_one link=topic=417181.msg5744010#msg5744010 date=1269272586]Shhhrrrraph!! keep your dirty mouth Quite. Which secret were you taking about?
Is there any secret beside the weak local arms intercepted by Yar'adua? If you are talking about oil, confront the western super powers for hijacking such resources. Hausa people has proved to justify that they can live on agricultural products with or without Oil [/quote]Then please beg your parasites to learn to parasite yams, onions, tomato's etc.

eleshin:
before d discovery of oil we were ok as a country,the cocoa frm west,groundnut frm north,palm oil frm east did sustain us then.

[size=14pt]I am sure you don't know that regions were autonomous at that time.[/size] Groundnut, palm oil and cocao have never ever sustained Nigeria. They sustained the regions in which they where found and nobody had to run to the FG for funds, instead the regions paid taxes.

18 Cartoons: @all posters, thank you all for getting it in your thick skulls that we dont take shi-t, atleast that will alot of you think twice before fu-cking with a HAUSA/FULANI guy.

If Hausa / Fulani don't change, they will soon be freed into Sahara desert to subsist. Ghadafi was only wrong about the borders and capital cities; the Northern capital wouldn't be Abuja (God forbid!), cos Abuja is firmly in the Middle Belt; it might be Damaturu or something.

States in green are sharia. There might be need to rejig the map, because there are sizeable Christian populations in the North East.

It is a great pity that an evil (ex)cabal has turned Yar'Adua into a juju that they can brandish to scare Nigerians.

mikeansy:
The kind of crap newspapers publish and call them headline news
Some of this editors still live in Military captive mentality

Ex-ministers are now private citizens. Nobody can restrict their movement without arresting them, charging them to court or get them convicted for a particular offence.

You can't bar people from travelling because you have a mere petition on your table. That is simply abuse of presidential powers.

If anything if he is asking some of these guys to stay around he simply wants to give them a job, otherwise this news is simply crap.

Sorry, but it can be done and it is not against the law. The police or other law enforcer can put a bar on anybody's movement.

platinumnk:
You and delusions, sitting there in a cafe paying 200 N a hour
Who dash you visa Was it Obama?

Unu go finish pesin wit laf o!
Aqva, take Panadol, ok? . . .Veeeeery painful!!!!
www.nairaland.com/attachments/180447_ROTFLMAO_gif3d0c775232c7f27cf80592785b9635b6

[quote author=~Bluetooth link=topic=416981.msg5743350#msg5743350 date=1269267091]i wish nigeria doesnt have oil at all because oil has done more harm than good to us[/quote]I see, but the fact is, there is oil.

One thing I wish this govt will do, is ensure that the exact same laws and methods that apply in the ND are enforced in the exploitation of gold deposits (I know there is gold in your area). Gold bearing lands and any adjoining waters will be siezed without compensation and allocated to strangers and foreigners; companies will be allowed to pollute the land and kill all birds, fish and animals (there will be nothing your state gov can do, it will be FG land); if anybody complains, govt will summon JTF to shoot like two or three thousand people and totally burn down their villages. . . Tell me if you wouldn't be at the forefront of secessionists.

Keep on calling for patriotism sha, una don see donkey.

[quote author=~Bluetooth link=topic=416981.msg5738448#msg5738448 date=1269198222]it is becoming clearer day after day that chunks of those calling for breakup of the nigerian state are largely from the niger delta and south eastern regions.the reason is not far-fetched,they believe they have the oil to live on afterwards thereby not minding the consequences of the actions necessary to achieve their selfish interests.it started with the monthly resource control derivatives allocated to only niger delta state which currently stood at 13 percent and all efforts to gear it up have not been acted upon by the federal govt due to little impact the fund have on the poor citizens of the region.imo,i wonder if the two regions would cry for break if they have only arid land like the northern part of the country.that is why these people will always incite those that may have sympathy or related opinion to their cause.the ghadaffi case ought to have been discredited if truely we are an indepedent and ONE nation but a polarised section of the public chose to support the comment provided it could incite people against the central government.i only hope the niger delta and south east can lower their ego,let patrotism override their ethnocentric attitude so that we can move forward as a nation.the country should not split because of ethnic sentiments because oil has done more harm than good to this country.will these regions had cried for secession if they dont have oil,hell NO.long live federal republic of NIGERIA.[/quote]The mosquito sings in your ear before biting you, maybe to convince you that you wouldn't catch malaria.

I am tired of daft and immoral requests for patriotism. For what? For cancer, asthma, siezed lands, recurrent massacres? For what? Only parasites ask for patriotism when they are ra'ping both the old and the young, when they are dropping bombs on their innocent "fellow Nigerians". . . All because they have oil.
Take your patriotism and stuff it up your ar'se, we are nobodys fools.

Lets reverse the question:
~bluetooth, would you be holding those in oil producing areas back if they had no oil?

Ibori invented the phrase "Nigerians in the diaspora" when they were showing him and Aondoakaa pepper in London. NL sycophants, madmen and govt gorilla's mutated the phrase to "diasporic Nigerians" (it sounds more like an insult, you see).
The people that feel threatened enough to segregate against their own countrywomen and men in such a malicious and low down dirty way are members of the cabal and other corrupt scum. It isn't hard to see why; the most of the effective resistance to the vile goings-on in the country have been organised and launched abroad.

With the above in mind, it is very amusing, even ridiculous, to see ordinary Nigerians getting caught in this bullsh!t. Since the ordinary Nigerian isn't under the sort of moral threat mentioned above, it can only be concluded that their reasons have not been thoroughly thought out and they are only following a bandwagon that leads to a cliff. Every Nigerian is as important and useful to the country as the next, whether they are live by the Niger or by the Limpopo, whether they are in Abuja or New York.

Lets stop talking this "diaspora" rubbish, it makes us look small-minded; we are all Nigerians.

The long broom that swept away the ministers will soon sweep Sanusi away. Banks must lend money, that is one of their primary purposes.
Right now, Nigerian banks are hoarding money for fear of Sanusi.

fuc'ked

Acid rain is not new in the Niger Delta. It is just one of the many and unfortunate form of polution that the govt has allowed to flourish in the area, while they drill oil and flare gas without a care in the World.
It causes cotton to rot and tear easily after a long period and corrodes metals rapidly (so zinc roofs dont last etc).

[size=14pt]‘Sanusi’s Pre-Determined Agenda Damaging the Economy’[/size]
By Renaissance Professionals, 03.22.2010

Advertising Feature

There are strong indications that the Central Bank of Nigeria (CBN) Governor Lamido Sanusi’s seven-month old controversial reform, riddled with actions of perceived pre-determined agenda, has left in its wake a weakened national economy following the inability of banks to play their crucial intermediation roles in the economy.


Only last week, manufacturers, speaking through the Director of Tyre Production, DN Tyre and Rubber Plc, Dr. Kolapo Popoola, called on the Federal Government to “provide urgent solutions to the problems of the economy or risk catastrophic consequences”.


In his first interview with the Financial Times of London on June 21, 2009 (which CBN published recently in the national media) barely 15 days after his assumption of office as CBN Governor, the newspaper quoted Sanusi as speaking about his “plans to open Nigeria’s banks to foreign takeovers”, and his determination to sack bank chief executives, even before the commencement of the CBN/NDIC special audit whose outcomes are his determination to sell our sovereignty to foreigners.


Also recently, in an interview with The Nation, he confessed foreclosing the option of giving the taken-over banks a time frame within which to correct the observed lapses in the CBN/NDIC audit report, yet he gave Unity and Wema Banks this window of opportunity. He had gone ahead to boast that “if you are the Managing Director of a Bank and you steal money from the bank and I am Governor of Central Bank, I will remove you. All I know is that you took depositors’ money in the name of borrowing, did not pay it and brought the bank to its knees. I know only two ways to deal with you; remove you and charge you to court.”


Analysts are agreed that it is such pre-mediated acts and unguarded utterances by an officer who should jealously build confidence in the system that worsened the global recession challenges of the banks. They have also wondered how he could have come to such conclusions based on bank audits to pronounce them guilty and has continued to demonise them for cases that are pending before courts.


As alerted by a manufacturer, the Nigerian economy may therefore, be on the verge of collapse unless something urgent is done to reverse the negative trend. Economic analysts say a combination of wrong policies by CBN and political inertia has brought economic activities almost to a standstill in the country.


“Look, things are really bad. Banks have stopped lending, manufacturing activities are on the verge of collapse, several airlines have stopped flying, the telecoms sector is experiencing its lowest growth since the advent of telecoms in Nigeria, the NNPC is now the sole importer of fuel into the country, private enterprise is no longer functioning. Things are that bad,” said an economist who does not want to be named.


Recently, the Manufacturers Association of Nigeria (MAN) revealed that production capacity has dropped to an all-time low of 27 per cent and despite the drop in production capacity most of the manufacturers cannot still sell the little they produce. Economic analysts say this may indicate a possible collapse in consumer demand following the massive layoff in the banking industry (including those not invaded by the CBN Governor) and other sectors of the economy since the CBN started its banking reforms.


The irony however, is that despite the collapse in consumer demand and steep fall in credit to the private sector, inflation has been on the rise indicating a more fundamental worry for the economy. "Costs of doing business have shot up for most businesses," said an economist. This is double trouble for companies as they are not able to sell what they produce or transfer the higher cost of production to consumers who do not have money to buy. Analysts also note that the massive layoff in the banking industry made the situation worse.


The Nigerian Airline industry is also in dire straits which have been traced to the current reforms in the Nigerian banking industry. Managing Director, Financial Derivatives Company, Bismark Rewane, speaking last month at the Lagos Business School breakfast forum had noted that “the global recession did not initially and completely affect the Nigerian aviation markets; until the reforms introduced into the banking sector by the Central Bank of Nigeria crept into the airlines business leading to credit crunch”.
Already, analysts are predicting that only about five airlines will survive from the current financial crisis hitting them from the 14 domestic airlines in operation. The Nigerian Civil Aviation Authority (NCAA) has revoked the licence of Afrijet, while the operations of Bellview Airlines and Capital Airlines have been grounded.


But while the real sector and other businesses are complaining of lack of credit from the banks, investigations have revealed that banks are swimming in cash which they do not want to lend to the real sector. Dealers in the Nigerian money market are said to be currently turning away deposit placements because they do not have outlets for the funds at the price they are collecting the funds. Three banks are said to be dominating the interbank markets offering very low rates for deposits since they have nowhere to lend it to.


This trend was confirmed by the CBN at the end of its Monetary Policy Committee (MPC) meeting when it complained that banks have kept N600 billion in its vaults at two (2%) per cent per annum. In a bid to encourage banks to lend, the CBN had reduced the interest rate to one per cent. However, indications are that even with the reduction, banks are still not inclined to lend to the real sector preferring risk-free government securities instead.


First Securities Discount House (FSDH) report last two weeks had revealed that the interbank market is awash with excess cash leading to huge over subscription of government securities on offer. The 91-day treasury bill auction that took place two weeks ago witnessed a record breaking 545.92 per cent subscription level, while the 182-day bill recorded a subscription level of 208.33 per cent indicating the high level of risk evasiveness currently in Nigerian banks. “Banks are essentially building cash mountains” because they are afraid to lend. They are afraid because the CBN and EFCC have criminalized the lending process and do not want to be caught in the mix,” said a credit officer with one of Nigeria’s leading banks.


Mazi Sam Ohuabunwa, a manufacturer, who is MD/CEO Neimeth Pharmaceuticals, and member of the Presidential Advisory Council (PAC) confirmed this in an interview with The Guardian, Sunday, March 14, 2010. Said he: “The new management of banks are careful; they are the ones coming to us to ask for more collateral. They don’t want to be fired or taken to court because they lent money. That is why they are asking for what people will not be able to provide. They have gone back to traditional banking when they ask for your grandfathers and grandmothers before they give loan”.


Even high level projects that banks, before the Sanusi reforms were falling over themselves to finance, are being shunned by the banks. Mr. Segun Ahmadu, the Chairman, Implementation Committee of Lagos-Ibadan Expressway concessioned to Bi-Courtney Highway Services, has disclosed that a “number of banks from South Africa and China have shown interest in financing the project”. No Nigerian bank was mentioned.


Recently, Dangote Cement had also resorted to South African banks to finance its cement plants after paying off its Nigerian bank debtors. Analysts have warned that the mutual loss of confidence by the banking sector in the Nigerian economy and as well as loss of confidence by the business sector in the Nigerian banking sector will spell doom for the Nigerian economy.


In his June 21, 2009 interview with the Financial Times of London, the CBN Governor, Mallam Sanusi, was quoted as saying that “I think the ‘autonomy’ of the Central Bank has been taken to an extreme where it’s almost an island on its own. My own idea is that the Central Bank Governor is part of government and I would work very closely with the Finance Minister.”


However, as the acting president works on injecting fresh blood into his government, analysts are quick to draw his attention to the above remarks of the CBN governor and remark that nine months after the CBN governor’s tenure, the former Minister of State for Finance, Mr. Remi Babalola, alerted the nation that government is largely unaware of the way the CBN governor was carrying out the banking reforms, which he tagged “as the spirit directs”, and committed to government’s determination to get more involved to ameliorate the largely negative effects on the economy.


Analysts therefore, wonder if it is not the appropriate time for the acting president to inject new blood into the leadership of the nation’s apex bank, a team whose goals would align with the new vigour and transparency that Dr. Goodluck Jonathan is committed to bringing into governance.

Editor’s Note:
Renaissance Profession-als is a Lagos-based group of commentators and analysts on the ongoing banking reforms in Nigeria.

http://www.thisdayonline.com/nview.php?id=169167

aisha2:
Kosovo may be right after all, i think i prefer this type of protests. Selfish Niger Delta Govenors, Talking about Amensty, pray how much does it cost to come and "talk" about amensty, how much did we budget for the conference. Carry on MEND, I salute u.
Meanwhile a 3 yr old girl almost lost her sight because of N5500 antibiotics that her mother who is a widow could not afford. Yeye leaders bunch of idoits. the joy i feel watching thier excellencies run away compensates me for all the pain i see children going thru cos these idiots have sold thier souls for money sharing in Abuja. Shamelesss Governors who cannot even support their own brother Goodluck, Northerners will always stick to their own even if u offer them 1 billion, not so for these shameless Governors

Thats my darling!
. . .But what you are doing with organising rallies in Abuja is equally very very important and to be admired. Make sure you don't give it up please, it takes a special type of person to act on their beliefs.
---Am just loffing you seriously sha---

[quote author=~Bluetooth link=topic=413913.msg5702110#msg5702110 date=1268731982]must you kiss soyinka a s s because of your desperation.eveybody is entitled to their personal opinion.soyinka has his,i have mine and you have yours.there are no real militants in niger delta except oil thieveis who have gained so much from the niger delta crisis amidst seious poverty among their people.[/quote]Go and die!
You haven't even won a bowl of akanmu, yet you want to compare yourself with one of the Nigeria's topmost brains. Olodo!

[quote author=WOLE SOYINKA (Nobel Laureate)]He defended the "real militants" in the Niger Delta, whom he said had a right to take on the government over decades of neglect, rights abuses, environmental crimes and theft of resources. He called Mend "a small, well-organised and resourceful militant group" that could choke the government's lifeline of oil. Yesterday, Mend launched its biggest attack since last year.[/quote]God bless you sir!

RichyBlacK:
I've never doubted Wole Soyinka's intellect and vision, especially on Nigeria's flimsy politics.

Even when Biafrans were forced to join Nigeria's determined march to failure, people like Wole Soyinka saw the folly of the bloodthirsty bastards who were fast to strategize murderous campaigns against civilians and commit war crimes but glaringly unable to strategize, for their cherished "One Nigeria", a path away from ruin.

The fine tradition of political myopia continues and today Nigeria is run by akamu-brained zombies who consider intellect a bete noire; a gang of nonentities and chronic kleptomaniacs determined to push Nigeria, with the help of a subservient class of serfs scattered all over the land and employing zombiesque conformist ideas, to a calamitous destination.

Soyinka is a man who has twice been to jail for his love for Nigeria. He is the greatest Nigerian alive today; a very worthy ambassador.

RichyBlacK:
You should show some respect and stop insulting people's parents. It doesn't speak well of you. Beaf never insulted your father; I see no reason why you should just insult his father.

On Sunday you'll pick your bible and go to church, but you still feel justified insulting people's parents. That's definitely not what the pastor teaches in church.

You should apologize to Beaf and let it go.

Thanks RichyBlacK and gidson12, but don't expect too much about the brain dead foo'l.
Imagine a grown up proudly juggling meaningless figures when his country is so visibly shattered.

@Ikengawo or Paroh Frey or walakolobo
He-goats have beards the same way grown men do, so once in a while looks deceive the unwary; but words and actions don't. Mpki!