₦airaland Forum

udezue:
make em discover oil n more countries jare

o9999:
ok oh!
those praying for/hailing MEND, Kudos to u oh!
Ihope u live in either Rivers, bayelsa or delta state as u de pray this prayer oh! as the war de go on, make that prayer de increase say stray bullet no go near anybody wey u sabi oh!

Yea, mend got 13% for ND. Where is the effect of the 13%now? inside the bank account/ pocket/houses of 3% of the niger delta population!!


when MEND fight the FG/ other tribes finish for maginalization, na dia the real war go start, because, them go begin fight these 3% (thier fellow brothers and MEND people and even u praying now) for the same marginalization.

Who is marginalizing who?

ND ask for devlopment and good road,water etc,

1. Government give contract to build road,
2. same ND shouts NO! it must be an indigene to do the road contract if not, no work will go on. (wether the indigin has the technical know how or not!)[/b]3. Governement say ok, indegin, do the road
4. indigin finish the road in 1 yr (that a reputable company wld have done in 3 months)
5. less than 1yr later, the road is worse than it was before the contract was awarded.
6. ND comes back to say government is not sincere in the development,

Y ND no go hold the indigin wey do the road?
y ND no let a good company do better work for u once and for all? if the road is good, who will benefit? the government & big man indigin [b](that is perpertually in the air?) or the masses of the ND?

Do you wonder that the majority of the people castigating the move are people who are lost in the diaspora? Why, because they just want a reason to justify why they have been gone, battered , forsaken and lost their voice in the country Nigeria- nothing is good about Nigeria in their own eyes - foolish, rotten, illetrates.

From the little corner of the world where they occupy, they see issues from their myopic eyes, and they pick up pen and paper and write as if they are the wisdom masters in everything? What does your poor brain knows? Nothing but to shout, make noiuse and go to sleep while noone listens to what you say, write or think, what a nation of lost individuals trying to make a name for themselves? Even people who dont know what the agency is now write about the agency as if it is owned by the father? What audacity? Just continue to shout and rant- all that moves noone - shifts noone, and pulls no hair from anyone's head, you are just a bunch of noise makers who have no work to do. The woman will attend, come back and life continues while you continue to look for other matters to pour your venom on- why not pour it on your sorry, miserable life first?

babaearly:
Hey 9ja can make you go nuts. I think i should stop seriously thinking about 9ja. I'm all out for the millions of naira i can lay my hands on. Take care thinkers.

IMF Backs Sanusi’s Banking Reforms
By Ayodele Aminu, 09.16.2009

The International Monetary Fund (IMF) has endorsed the ongoing banking reforms by the Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi, which necessitated the removal of the Chief Executive Officers of five banks last month.

The endorsement came yesterday in Abuja from the fund’s country Chief and Represen-tative in Nigeria, David Nellor.

THISDAY learnt that the endorsement was a fallout of the meetings the IMF delegation from Washington D.C, United States of America,  held with top officials of the CBN, which threw more light on the banking reforms.

CBN had on August 14 sacked the managements of five banks – Afribank, FinBank, Intercontinental Bank, Oceanic Bank and Union Bank – over the huge non-performing loans of their banks and other alleged financial abuses.

The apex bank injected N420 billion into them, saying lax governance had left the five banks dangerously undercapitalised.

Thereafter, it appointed new helmsmen (John Aboh (Oceanic Bank), Lai Alabi (Intercontinental Bank), Susanne Iroche (FinBank), Nebolisa Arah (Afribank) and Funke Osibodu (Union Bank) into these institutions to stabilise and make them attractive for core investors.

Nellor, in a statement made available to THISDAY in Lagos, said he "endorses the CBN’s intervention in some banks as essential to building a sound financial sector that can promote long term growth and development consistent with the goals being set for the Vision 2020.”

He added: “A core principle of an effective banking system is public trust - trust that deposits will be safe, trust that banks allocate financial resources to productive activities, and trust that banks will manage risk. Underlying this trust is a public expectation that sound governance practices are employed in the banking system. These fundamental tenets enable the banking system to promote sound economic growth and development. To that end, the central bank as regulator has the responsibility to ensure that the principles of banking enshrined in legislation and the CBN’s mandate are preserved.”

Like many countries during the crisis, the CBN, according to the IMF representative, followed a systematic process of examining the banks.

“Special examinations of bank balance sheets by the CBN and NDIC were launched. The purpose of the examinations was to verify asset quality and examine related party transactions. This process is and should continue to be conducted for all banks in the system.

“Based on the findings of these initial examinations, the CBN appropriately required additional provisioning in all banks and in others it was essential for it to intervene by replacing management and injecting funds into the bank balance sheets. In the latter cases, various combinations of severe loan delinquency, undercapitalisation, systematic liquidity shortfalls, and serious governance problems justify such action based on the mandate given the central bank,” Nellor said.

Consequently, he said, the fund is in support of the CBN’s public commitment to protect depositors and creditors.

Nellor said the immediate goals were to stabilise the banks, seek full recapitalisation through loan recovery and new investors, and strengthen the corporate governance and credit practices in the banks.

“Over time these actions should enable the central bank to remove itself from both the management and balance sheets of the banks in a manner consistent with financial stability,” he said.

Kobojunkie:
I don't think skin color changes hate. Hate is hate, whether it be from white to black or black to black. One cannot make a sweeping statement such as the one you made simply because a minority continue to bully others from other groups, and allow themselves ruled by their own hate, which is probably from deeper issues which they refuse to deal with. We have people of different ethnicities living side by side in harmony in so many states around that country. I have friends and family from different ethnicity and I can bet you that at least 50% of Nigerians would tell you the same.

chic2pimp:
Yes oooo. Your own palava even pass dream. U don kolo for head
Na so we see am ooooo

chic2pimp:
. . .The Third and Final Lie 'Mark my word,there are top members of the ruling class on NL' Oh come now who do ya think u are talking to? Kids? . Until u show evidence proving otherwise,that statement can only be seen as false.