₦airaland Forum

Do you know this people were sacked by military decree from IBB's time?

Embarrassing!

https://www.nairaland.com/nigeria/topic-310080.32.html#msg4354405

Sagamite:
They are private sector people in charge of people's life savings and net worth, who are mismanaging it. The government has been required to save them so can sack whom the Bleep they please.

UK did the same with Northern Rock, does that mean UK is in trouble?

The all singing, all dancing bandwagon of ________ quickly jumping at the slightest opportunity to say Nigeria is doomed.

Maybe you can decieve those who aren't aware and any sort of foul language you can lay your hands on. Tell me one manager or director that was sacked in any bank in the UK. Just one, I'm begging!

Private sector people sacked by IBB's decree, in a democracy!

[quote author=Sunny_bobo link=topic=310080.msg4354412#msg4354412 date=1250296209]As Amended 2007[/quote]A search for 2007 in the document returned nothing. It was last altered in 1998 during the reign of General Abdusalami Abubakar.

Na wa for dis country! wuru wuru too much! Sacking business owners by military decreee!

Sagamite:
Moronic drool from start to finish.

You can abuse me from now till doomsday. I don't care.

Private sector people sacked by IBB's decree, in a democracy!

[quote author=Sunny_bobo link=topic=310080.msg4354374#msg4354374 date=1250295514]d) where, after an examination under section 32 of this
Decree or otherwise howsoever, the Bank is
satisfied that the bank is in a grave situation as
regards the matter referred to in section 32 (1) of
this Decree, the Governor may be order in wiring
exercise any one or more of the powers specified in
subsection (2) of this section.
(2) The Governor may be order in writing under subsection (1) of this
section:

(c) remove for reasons to be recorded in writing with effect from
such date as may be set out in the order, any manager or
officer of the bank, notwithstanding anything in any written
law or any limitations contained in the memorandum and
articles of association of the bank;


http://www.cenbank.org/out/Publications/bsd/1991/bofia.pdf[/quote]I really pity Nigeria. So we are using military decrees to sack private sector workers? What a joke! A decree from IBB's period in office. All the time I keep insisting we need a national conference, people say "oh theres nothing rong with the country". I'm sure people are still being arrested under the colonial law of "wandering"!

babyrl:
The Chief Executive Officer of Oceanic Bank, Chief Mrs. Cecilia Ibru OFR, has condemned the action of the Central Bank of Nigeria in sacking the management of Oceanic Bank Plc.

Making a case for Oceanic Bank International Plc she said that the Bank, in their 2008 accounts, has an asset base plus contingency liabilities of 1.6 trillion naira, an asset base of 1.246 trillion naira, a deposit base of 835 million naira, shareholder funds of 217 billion naira, and about 118 billion naira in earnings. According to her, all these figures were approved by the Central Bank of Nigeria in the recently approved 2008 accounts.

She further said the Executive Management was not presented with any bank examiners report nor an opportunity to defend itself, and the action is viewed as a violation of the constitution of the Federal Republic of Nigeria and the rule of law of the Federal Government.

Finally, she appeals to all customers, shareholders, staff and other stakeholders to remain calm as we look towards a speedy resolution of this matter.

Exactly! What Sanusi has done is unheard off the World over. Can you imagine? People start their own companies with their own sweat and govt can come and sack them? Damn!

babyrl:
They are not private, they are publicly trade companies. Even in other countries were the banks are private, they must report and are under the control of the country's Central Bank because, banks are important institutions to a country's economy and can pose systematic risk to the economy of a country.

Do you think all the U.S or U.K banks that received money wanted it? The central bank( federal reserve)  injected the money because they are banks and they are important to its economy.

The money the CBN injected is Tier 2, meaning the banks do not have to use it, it just there to shore up capital. It is totally different from government buying the shares of the company. How is it theft? They did not buy shares in the bank.

The fact that they are registered on the stockmarket doesn't move them out of the private sector. They are private sector; the public sector is made up off govt parastatals which those banks aren't.

Nigeria is in trouble. How are the owners of these banks going to react; these are big boys with big connections.

Isn't this theft?
How can govt sack people in the private sector and then inject money which they didn't ask for? Are they being forcefully bought on behalf of a shady group?

Nigeria is in trouble.

It must be against the law for govt to sack people in the private sector. Can't they take them to court if there is evidence of corruption? Some of these people own the banks eg Ibru. I'm shocked!

vikiviko:
Yar adua has scored a delicate diplomatic goal, lets see Obama's reaction

Which goal be dat na?

US has made it quite obvious which countries they want to concentrate on in Africa. Nigeria is the biggest one.
All these guys thinking we can face the US wrath, better think again. We ain't Venezuella!

Obama is black like us and is tired of the rubbish coming out of Africa. We are going to witness the might of the US if anyone thinks there's a counter to Obama sending Hilary to do what she did. All the financial institutions of the world will sit up when America taps them up. All major world instituitions are headquartered in the US.
Someone said we should shift our trade to China instead. Not very wise. . . Nigeria has the best crude and the US fights wars for its energy security.

lucillia90:
What can I say!!!

All I know is that " He is a Man of God"

There was a poster who asked "How will he know when God wants money"?

I believe he should ask adeboye himself

All guys like Adeboye have done is paint "babalawo" with a thin coat of westernization. Adeboye and his likes are modern day babalawo's, someone please write your thesis on that.

ocelot2006:
It's because of actions similiar to  that of these inventors that countries have been lifted from poverty to greatness, from nothing to economic and military powers. Look at the lives of great inventors and revolutionaries and you will see that they faced fools like THOR and the rest. But they prevailed lifted millions of people from nothing.

On the APC's design itself, I totally have to commend these Nigerian inventors. Anyone that follows the trends in the current battlefield faced by the US and the UK in Afghanistan and Iraq will see that improvised explosive devices (IEDs) accounts for most of the deaths of US, British and Canadian servicemen, along with a host of other countries that serve in both countries. The same problem is also being faced by the Pakistani military as they battle the Taliban on their own turf in the tribal lands of Pakistan. This Nigerian design takes all this into consideration. It is definitely not as sophisticated as the Isreali Wolf,the Buffalo MRAP designed by US, or the RG-31 Nyala (just to name a few), but it is definitely a step in the right direction. And we can all see that the APC has a retractable survellance system, making it extremely usefull as both and observation platform and a Command-&-Control Vehicle that can be used in both law enforcement and military situations. All we have to do is encourage and support these guys, refine the design, and I'm sure it will be ready for Police Force and military, and also exports to other countries, thus creating an additional source of income for the nation.


As for Thor, what have you invented? And what have you contributed to your nation? Or are you there in  the UK were you get to do your 6-5pm job washing plates and toilets?

Thank you. The first thing I noticed was the v shape of the bottom of the vehicle. For those who don't know, it is to deflect the force of explosions outward to protect the vehicle.

Some people have also condemned the wheels, but we don't know if they can continue running even when compromised.

@naijaking1
You seem to be suggesting some sort of conspiracy amongst the ND minorities (Enahoro is Ishan from Northern Edo state, JP Clark is Ijaw from Delta state). Thats far fetched.

But as SapeleGuy says, lets move on.

Oh that picture of your father! So ya family de Boko Haram too?
Guiness book of records, come see Boko Haram mercenary o!

Stupid white boy.

Fhemmmy:
You too much

My brother. I like the way he's trying to prove that his family invents things. But its just not working.

@Thor

Thanks for the pictures of your family . Very entertaining!

Fhemmmy:
At least he uses his brain for something positive and should be praised.
his mates are at the parks as touts

Don't mind the stupid white boy. 90% of whites are decent people, but there's the rotten 10%. . .

@Fhemmmy
Don't bother with someone like Thor who can't even invent a toothpick (even if a manual was provided).
Lets just congratulate the two chap that have done this.

b0y:
YAWN!!! Waste of time, waste of precious energy.Resources ought to be channeled to producing things the common man could make use of.The biggest joke yaraDULL would be telling us at the end of his tenure would be that he spearheaded d first local production of this so-called safety trolley.On a final analysis, i don't see this present Nigerian generation venturing into STUFF like this.Right now our present and pressing need is power (electricity).

People like you and I started this project. Where did guy's like you and Thor hear it was started by govt?

Go and start your own. Jealous people sef!

Does anybody know their company's website?

redsun:
A country where paving and cleaning th estreet is a dream,putting together an armoured vehicle is a giant leap that should be applauded,i bet they are igbo guys,the jews of africa.

Eh hen! de claiming don start . The names of the two dudes are Victor and Johnson Obasa. Obasa is an Urhobo name so Delta state can claim these guys. . . But they are based in Ekiti state so they are most likely Yoruba's.

Thor:
What is so clever about welding a steel box onto an existing truck chassis with an existing standard Toyota engine?

The way you all talk you would think that Nigeria has split the atom LMAO

. . .And what makes you think Nigeria has never split the atom?
Maybe you don't know what splitting the atom really means. . . Or you are just ignorant?

@Thor a you a white guy?

^^How can a google search proove that the US is more corrupt than Nigeria and what is the list of names at the bottom and what are the disclaimers about? Redeem your post from crackpot status by providing proof and some structure.

Thor:
LMAO x 100000000000000000000000000000000000000000000000

The first people that supposedly return from the USA create a product that ultimately will be used against the Nigerian people or in conflicts and wars!

Nothing useful to the citizens, just another repressive product from a corrupt and repressive state

I will publicly state now and I am sure that within twelve months this will be public that the whole thing is a charade to steal more money by corrupt ministers. What better cover than to invest billions into a Nigerian project, a project that will see the investment pour out as fast as it is made and into the the pockets of it's supporters and their families!

You people really are blind, putting nationalism before common sense

How about the further advances in indigenous technology being initiatives to create reliable power supplies, sanitation, health care, transport and Jobs!

Tell me how you can "create reliable power supplies, sanitation, health care, transport and Jobs" without industrial backbone? Are these things going to fall like manna from heaven?

Ibime:
Im start to believe that Nex na Hausa man. . . . perhaps his momsie or something. . . how did he instantly know that Al-Hakubarah is not an Arabic word. . . .

Yeah, he does know his Arabic (not just on this thread), but that could be cos he's a Muslim. Anyways, me too I don suspect de same tin since too.
nex is one of the smartest guy's in NL sha.

This is a thread for fools. Most of you guys can go and hail Boko Haram.

I said those words earlier in this article when people came out in droves to pour scorn.
Its heartwarming that so many others have come out to support this milestone; it could well be the kernel for further advances in indigenous technology.
It is an impressive development.

wirinet:
Lucabrasi, i really feel you. You are the average nigerian who is super patriotic beyond reason. But the reality on the ground contradicts your patriotism, so let me bring you back to realism.

1. Your beloved country is so backwards technologically, that we have industrial chemistry graduates that cannot make detergent or soap, we have electrical electronics graduates that cannot use Logic gates and cannot repair ordinary TVs not to talk of LCD TVs or plasma TVs. We have mechanical engineering graduates that cannot make or repair ordinary "i better pass my neighbour generators" not to talk of industrial machines. And you talk of making a rocket.

2. Our universities are just certificate awarding institutions as NO RESEARCH takes place in them, i was in OAU IFE for 7 yrs and did not hear of any breakthrough research in that time and then the education standard was better. The Labs are empty with the equipments outdated. Also the lecturers are teaching outdated technology. And LASU is not known to be a technologically inclined institution.

3. There are virtually no funds allocated to research in our universities, and the general allocation is just enough to pay salaries of staff and just enough for the VC to steal. The lecturers augment their salaries by selling handouts ( which every student must buy if they want to pass.

So i thing there are more important things to make than rockets, our universities should make transformers, design and make mini refineries, make forged metals and metal sheets and plates, make improved seedlings and a host of other badly needed technology. We do not need to send a man to mars.

No! Mechanical engineers have no business repairing generators. Engineers analyse, design and build. Technicians on the other hand use, fine-tune, maintain and repair finished engineering products.

I agree with the rest of your post, but we do need people who can understand rocketry. Rockets are also used to send satellites into space; for weather prediction, population estimation, archaeology, mineral prospecting, communications etc etc

@nex

Very reasonable words.

I cleared this matter of SW before. I have always spoken against some of the sins of the OPC (and will continue to do so); only a fool equates OPC with the all the people of the SW, just as only a fool equates MEND with all the people of the South South.

if you're from the south south or midwest stop trying to pull the wool over people's eyes by pretending you're making a distinction.

I find the ignorance here to be breath taking. There is only a small minority of Igbo's in the South South. MidWest seized to exist long ago.

muhsin:
I partly agree with you.

But you as well sound tribalisctic, considering Northerners being mainly Hausa and you probably Yoruba or Ibo.

I'm neither Yoruba nor Igbo. In fact, if you had read through the whole thread; you would have come across the post of a misguided Yoruba man mistaking one of my posts for being anti-Yoruba.

I am one of those Nigerians who is lucky to have witnessed life in North, South, East and West. There are very few states I have not either visited, lived or schooled in. I know for sure that there are several ethnic groups in the North, you will never find me using terms like "aboki" or "awusa". Nevertheless, there is the same derogatory attitude to education between all Northern states and it is a dangerous thing.