Beaf's Posts
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mekuslogan:Quite clearly they had planned it in detail; travelling all the way to Kaduna dressed as soldiers; their target, the SSG. Nobody dares stop soldiers on our roads (military regimes, the tail is now biting the scorpion). One wonders, what about the other people that were kidnaped in Kaduna? Are they still in Warri or have they been freed too? |
Interesting. A very interesting development. Now all politicians must be quacking. They should get N'Allah that advocated that all 20 million ND people should be wiped out; that Nazi must be shivering now. ![]() |
All traces of Arabic are off the Naira. --Puts down petrol bomb, kicks an almajiri in the butt-- ![]()
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A banking crisis entirely divorced from the global credit crunch. |
Its the Sanusi effect. By Louise Greenwood Africa Business Report, BBC World News More than 500 skilled workers hope that Coleman's business will survive Coleman Wires and Cables is a Lagos-based manufacturing firm, supplying cables to Nigeria's fledgling national grid. With more than 500 skilled staff, it is exactly the kind of business that trade experts say Nigeria needs if it is to diversify away from oil production and create a more mixed economy. Using borrowed cash, the firm moved to bigger premises in August, but just three weeks later received some devastating news from its two banks about its loan facility. "The bank just told us pretty much, 'Look, we have to put a hold on this at least till next month, or the month after or until things die down,'" says David Onefowoken, director of Coleman Wires and Cables. "The second one might slash [the loan] by half. "A lot of these banks that were stopping these loans had actually helped us out before, to get up and running." The reason? A banking crisis entirely divorced from the global credit crunch. Awaiting charges Earlier this year, signs emerged of huge holes in the balance sheet of five of Nigeria's mid-tier banks. An emergency audit led to the arrest of four managing directors. A fifth is on the run, and being sought by Interpol. Dr Ayo Teriba says there is no need for a clampdown on lending to small firms It is claimed the group gave loans to non-existent companies, lent to firms in which they had a personal stake, and conspired with stockbrokers to ramp up share prices. All plead not guilty, but a further 68 individuals are in custody awaiting charges. The five banks over which the group presided - Afribank, Intercontinental Bank, Finbank, Oceanic Bank and Union Bank - have been taken into state control at a cost of $2.6bn (£1.6bn). Do not panic A tough new audit is underway of all of Nigeria's remaining lenders. Until it concludes, banks have stopped lending and it is firms such as Coleman Wires and Cables that are bearing the brunt. But government advisers insist there is no need for this clampdown. The banks "didn't have a problem with small and medium sized borrowers", according to Dr Ayo Teriba from Nigeria's National Economics Intelligence Committee. David Onefowoken has managed to secure funding from an overseas bank "They had problems more with big borrowers, so I don't see why what is happening should close the credit tap. "[Small firms] should not panic, there is nothing to panic about." Lasting damage But across the country, businesses are angry. They feel they are paying the price for the alleged criminal actions of a tiny number of Nigeria's super-rich. Mr Onefowoken has secured new funding from a bank overseas, but remains worried about the domino effect the crisis is having on his suppliers and customers. And there are wider concerns about the long-term impact of the scandal. Despite a national economic output of almost $300bn, more than half of all Nigerians live on less than a dollar a day. The country's external debt is rising again and stands at $3.7bn, or 14% of its gross domestic product (GDP). Nigeria remains a net recipient of aid. If workers at industries such as those at Coleman begin to lose their jobs, the fear is they will be forced back into the unskilled, subsistence economy, which Nigeria has spent its post-independence years fighting to escape. http://news.bbc.co.uk/1/hi/business/8271450.stm |
^Go away. Insecure "tribalist" Arrow. www.nairaland.com/attachments/184377_sjeezydawarthog_jpg7aa22fdef481d66383e5ded701f8f817 |
^ English no be our papa language. I wonder why he was killed. May his soul rest in peace. |
Imagine the news headline; Security Council Member Bombs Niger Delta Village During Festival Or Security Council Member Struggles To Provide 2 Hour Power Supply Or Security Council Member Battles Boko Haram www.nairaland.com/attachments/178943_ROTFLMAO_gif3d0c775232c7f27cf80592785b9635b6 Lets sort our issue first o jare! |
^ Seconded. Plus, Yar Adua is the minister for education in Saudi Arabia. |
[size=14pt]49 + Yar Adua = 419[/size] |
Research that is West Africa centred (e.g. solar energy); no stupid "fact finding" trips to Europe and America. Clear the polution in the ND (high priority), Lagos and Aba. World class education system to set the tone for excellence. World class schools and competitions for the gifted. World science research institutes. World class regional and national transportation networks for sea, land and air. World class 24 hour renewable energy. World class electric chairs for past politicians |
^Lead your protest march to Wole Soyinka's gate. You will learn that he is very far from bigotted and brain dead like you. You "tribalist", are less than 1% of the man Wole Soyinka is, so who cares for your deranged opinion? Little racist fu.cker. |
^ Go and die. Lead a protest march to Soyinka's gate and see how stupid you will look. His brain is like two or more of your short changed one. |
sjeezy8:[size=14pt]Paste even one link to a post where I have abused Yoruba's, I dare you. Cheap liar.[/size] As usual; your words are fraudulent and illogical. Wole Soyinka is a genius who doesn't think stupidly like you. By the way; the term "coon" you drop so casually was made popular by the likes of the ku klux clan. You want to be a racist as well as a low down "tribalist"? I am beginning to suspect that you aren't even black.
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^ Exactly. We Nigerians only want to know the microscopic difference between academic abbreviations and other titles and letters we can append to our names. We forget about the brain behind the abbreviations. "My degree big pass your own". We just love titles, Chief, Dr, Engr., Arch., CFG, AFG, PRSC. . . Anything that confounds the man on the street. Its rubbish really, the greatest inventor of all time (Thomas Alva Edison) did not have a formal education. In Nigeria, he would have been a mere area boy. |
^ Isn't this the same person that has repeatedly called ND people and Igbo's monkeys? Go to and die jare! We are enjoying the deserved attentions of Wole Soyinka, a Nobel Laureate who is way above your gutter calibre and jaundiced logic. We are talking about MEND and Wole Soyinka here, not any ethnic group. Dimwit! |
I only hope the criminals will be caught, so they can face the full wrath of the law. Imagine cutting someone down in her prime; it is going to be a heavy loss for her parents and siblings. |
A pregnant woman? ![]() My prayers go to the souls of the departed, may they rest in peace. PS. The numbers in the article don't add up. |
MrCrackles:It looks like something unfortunate that sort of fell unto his head. It reminds me of a badger. |
Nigeria has long since surpassed all my fears. I am now in fightback mode. Time to sieze back our birthright by every means necessary. |
There is nothing wrong with his cultural attire. But there is a lot wrong with looking so over the top like 50 cent. That cap is not good. |
^Like I said you sound like an idiot not worth talking to. Fact is he was a school drop out. If you found something wrong with the way I put it, you didn't have to be a fool about it. "I'm not stuck on semantics" bleeping blah, blah! You sound like one of those people without a life, concerned with every speck of dust but missing the big picture. Its called smug small mindedness. |
^You are sounding like a complete idiot now. So what did he register as Havard with the intention of studying? Was it to study law or are you just blind? You are really getting stupid now. You just couldn't say "oh there's a slight mistake in the way you've put". No, you have to be rude. Idiot. |
emyah:It is a jolting shocking that a call for extermination of the ND could have come from government circles. Nothing could further put the "we are one, we love you, the country will protect you" speeches to shame. The country hates us. The govt has thrown so much money into bribing the weak and corrupting the struggle, but the true believers have remained steadfast. Boyloaf got $13 million. The true resistance is being forged and it will be wise to look to the Igbo for mutual support. Nobody knows where Nigeria is going, but we all know where the oligarchy wants to suck blood. We are waiting for Bala Ibn Na'allah and his Nazi extermination cohorts; we will feed them to the crocodiles. |
MEND dismisses FG’s amnestyhttp://www.vanguardngr.com/2009/09/30/mend-dismisses-fgs-amnesty/comment-page-1/ |
PapaBrowne:Big up Delta, the big heart. Warri isn't even the capital. Nice. ![]() |
sjeezy8:
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SEFAGO:Really Mr Know All? Although Gates was interested in computers, he enrolled at Harvard University with the intention of becoming a lawyer like his father. By the time he was a sophomore in 1975, however, Gates was more interested in computers and electronics than in his pre-law studies.http://www.answers.com/topic/bill-gates He enrolled at Harvard University in the fall, originally thinking of a career in law. But his freshman year saw him spend more of his time in the computer lab than in class.http://www.biography.com/articles/Bill-Gates-9307520?print When Gates was found out, he was severely punished, and he kept away from computers for his entire junior year at Lakeside. Without the lure of computers, Gates made plans for college and law school in 1970. But by 1971 he was back helping Allen write a class scheduling program for their school's computer.http://www.notablebiographies.com/Fi-Gi/Gates-Bill.html |
^ . . .Double standards of a hater. Have your people bombed Tinubu yet? Let us enjoy our time with Wole Shoyinka while jealousy purges your belly. |
^ . . And Aondoakaa who is protecting Ibori is from the ND? Yar Adua who is protecting Ibori is from the ND? Or your Tinubu who cooperated with Ibori to loot is from ND? Hater. People like you are our oppressors, not people like Tompolo, you're like a bad decease. Abeg go and die, we're happy that we have giants of international, intellectual and moral standing in the like of Wole Shoyinka negotiating for MEND. |
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