₦airaland Forum

naijaking1:
NO, NO, and NOOOOOOOO
You guys and Sanusi have not been credible in just about any data: amount people borrowed, who borrowed most--forgetting that government owes these banks the most, and about the true state of the banks liquidity. Everything coming from Sanusi ought to have been questioned by a responsible fininster of finance--but you know why that's not happening like many of do.
Nobody believes that the banking system was about to collapse, nobody, except you, jarus, and maybe Ibime

Unsubstantiated claims. Your evidence that the banks are healthy is the error in the name of debtors? are u kidding me?
If the CBN list is false as you claim, where is the true one? after all, you must know the truth to identify that which is false, else under what pretext do you know that it is false?
The N41 Billion recovered by Afribank are from where - generous donors?
Is it also false that those banks have been borrowing from the EDW without repaying? 
Is the CBN declared value of their exposure to the stock exchange and Oil & Gas also false? 
Facts and figures is the game.

He did everything wrong, when you place the cart before the horse, everything turns out wrong.Are you too emotionally attached to Sanusi to think that every other persons who question him has some ulterior motive?

Before we go to what he did wrong, lets first resolve the basis of the action i.e. the state of the banks.

naijaking1:
I forgot you claim amnesia when convinent.
Are you the only one who's never read about Sanusi describing and prescribing problems that would have befallen the Nigerian banking system had he not come unto the scene at the nick of time?
How CEOS committed all sorts of real and imagined crimes. Please don't tell me you also didn't hear recommend shooting the same CEOs he had removed from office even as the cases wind their ways in court?
I'm happy you know that CBN can't prosecute anybody, you should also tell him to wait until EFCC convicts somebody before he contiunes to call the person a criminal.

I simply asked you which road show sanusi has been on that is relevant to the discussion at hand. I believe you do know what a road show (or the notion) is?

Sanusi described the problems and his solutions, if you have issues with either present evidence and/or argument to the contrary. That cant be too difficult.
Also, Sanusi is free to voice his opinion on the sacked executives, and if they feel his statements are untrue, they should sue him for defamation.

I have always asked this questions and I am yet to hear a definite response from the Sanusi detractors
1. Was the CBN description of the state and actions of the banks accurate? if not what is the accurate picture and provide evidence to support it.
2. If the CBN picture is accurate, did Sanusi take the right steps? If not, what did he do wrong?
- should he have left the corrupt executives in office?
- should he have allowed the banks to fail?
essentially provide alternative measures that would have also been effective in solving the problem. There is no basis for your criticism, if you cant come out with better alternatives.

All the character assaults (religious or ethnic based) that you often employ never address the core issues. All you bleat about is that Sanusi killed the banking industry as if he was the one responsible for the 2008 market crash or he was the governor that failed to catch the doctoring of books.

Facts are figures is the game.

naijaking1:
That's why Sanusi has been on a road show?
However, CBN position is limited to banking regulations, when civil cases are involved, such theft, forgery, or even bribery, CBN position can't be default positions. This my friend is where Sanusi gets it wrong, he thinks he can accuse people, try them, convict them, and even shot them all by himself. He forgets that there's a place called a court of law, I hope you too don't forget.

which road show?
and who has sanusi convicted? The CBN is not in any Civil case, and by the way, theft, forgery etc are criminal cases. The CBN is not even prosecuting anyone, that is the job of the EFCC anbd co.
He fired executives and appointed interim replacements, which are all within the CBN's purview.
If the CBN says and gives evidence that your bank is insolvent, it remains so until proven otherwise.
Seems you are intent on using your own biased sense of the law to find Sanusi guilty of crimes he hasn't committed. 

naijaking1:
^^^^
Why are you struggling to shift blame from the CEOs to the common shareholders? First you alleged that the actions of the CEOs were illegal/immoral/greedy, now it's the fault of the shareholder for earning dividends illegally, because they appointed managers who doctored the books? Soon, it will also be the fault of fired bank employees for working in a bank where the shareholders appointed CEOs who mismanged the banks one after Sanusi arrived---be real.
The absurdity of your logic remains on the fact that while "doctoring of books", illegal dividends, and other allegations are yet to be proved in any court of law, the penury elicited by Sanusi's convoluted logic is indeed a reality, and very widespread all over our country as we speak.
Who are you going to blame next after bank employees are fired, maybe the 'foolish' bank customers who brought their money to the bank in the first place?

While majority of the shareholders have responsibility for appointing the bad executives, my point wasnt about their guilt, but that they werent the victims as they seem to be implying in their letter. They have benefited from the crookedness of the executives and the CBN is only trying to right the system. I have not accused them of receiving dividends illegally, nor have I said anything about the employees. If Sanusi had it in for them, he could have waited for them to become technically insolvent (if they werent already), withdrawn their license, and liquidated the banks, in which case they would have lost everything.

You have the burden of proof misplaced. As the regulatory body, the CBN's position is the truth by default, and remains so until proven otherwise. They all make accusations, but none of them come out with facts and figures. Anyone that doubts the validity of the CBN audits should head to the courts, shikena!

naijaking1:
Welcome back oga, we've been waiting for you!
Everywhere in the World, the reason why people buy shares is with the expectation to make profit , and "smile to the bank"
Earning big dividends has never been a crime until you and Sanusi arrived at the scene.
Are you trying to confuse issues with "they" the shareholders were not the ones indicted with "so-called" unsecured loans, they were the connected politicians, friends, and bussiness associates of the CEOs.
So, please no confusion.

"Everywhere in the World, the reason why people buy shares is with the expectation to make profit , and "smile to the bank" - via legal means and not doctoring the books.
who appointed said executives and kept them in office - the politicians, friends and business associates? The shareholders reaped the benefits of the crooked acts of the executives.
While they are fine to want to make profit and maybe even deserve to keep their profits, they left the door open when their choice of executives turned out to be crooks. The CBN didnt appoint the sacked executives, they were the shareholders choice.
Their shares are still intact and the bank is only under interim management, and if they want to invest more money they are free to do so at the appropriate time, but to suggest that the CBN should have 'left it to them' is ridiculous, since it being left to them is why the CBN had to intervene.
If they dont want CBN intervention when their executives mismanage funds, they should return all depositors funds and surrender their license.

Like I said before, if they have a genuine case, let them go to court and not use political means to manipulate the system.

PapaBrowne:
Sanusi would have to rersign soonest. He neither has the capacity nor the desire to fix the economy he single handedly battered on his assumption of office.

Anyway, he is on his way out.
[b]If we understand the judgement given by the supreme court concerning the sack of the former First Bank MD, Bernard Longe, [/b]then we would comprehend easily the problem Sanusi would be facing soon.

Based on the Supreme court judgement, all the recently sacked CEO's can now demand reinstatement as due process wasn't followed in their own disengagements.

Frustration would soon set in and he{Sanusi} would have to put in his resignation

Its obvious you dont understand. Longe was removed by the board of FBN and not the CBN. The supreme court ruled in his favor because as MD he was absent at the board meeting that effected his removal ,and thus the meeting was termed null and its subsequent decision and action nullified along with it. The FBN issue is in no way relevant to the CBN's removal of the CEOs.

@topic
If the shareholders of Afribank feel they have been treated unfairly, or that the CBN acted illegally, they should seek redress in the court of law, and not try to court sympathy from the presidency. If the unsoundness of the bank was falsified by the CBN, it shouldnt be difficult to have the CBN halted by the courts. Instead they are pandering for public sympathy via the news media.

The shareholders were responsible for appointing the defunct executives and were busy smiling to the bank with their dividends while depositors funds were being squandered. Where were they when the sacked executives let the bank accumulate a N142 Billion portfolio of non-performing loans, which due to the intervention of the CBN, they have recovered N42 billion. They have no moral grounds to complain about loss of investments when they have profited from the losses of depositors.

Still I dont see what they are complaining about, as they have already repaid half of their CBN debts and should have their bank back before the end of the year. The CBN has stated that the attraction of capital to the banks will be open, and existing shareholders will be allowed to increase their stakes in the banks.

No worry, na we give u mouth to talk. We didnt take our chances when we had the upper hand, and paid for it in the second half.

Candy9:
Good morning all,

please help me with this

Agogo mefa aaro koja iseju merinla

thanks and have a wonderful day

Agogo mefa aaro koja iseju merinla = fourteen minutes past six o'clock in the morning i.e. 6:14am

agogo = o'clock (or bell in some uses)
mefa = Six (6)
aaro = morning
koja = past
iseju = minute(s)
merinla = fourteen (14)

Chykason:
Pls, can someone tell me what 'agbaju oloya' means in yoruba language?

do u mean ogboju oloya? which I think means "daring/fearless/brave criminal/highwayman"

Afam:
Losing time? You may want to know where the original site was for the steel complex due to nearness of raw materials like coal and iron ore before it was moved to the present location just to ensure that no serious development comes to the East. It is clear that we may never know what we have lost as a nation due to the connivance, wickedness, lies and murder of innocent people in this country while we pretend that everything is ok.

Over 40% of electricity being generated in the US is from coal alone and we have about the finest quality coal in the world in Enugu and yet the state of power supply is embarrassingly low. All in the name of One Nigeria.

nearness of raw materials?
- where is the iron ore mine?
- where are the coal mines?
- and where should the steel mill have been sited?
Get your facts right and present them, even if you are simply trying to stoke ethnic sentiments.

Robotnik:
at least the white man or foreigner is more truthful, and will give you estimate, foreigners are after profit( money made after the factory starts workin), Nigerians are after egunje (money collected before factory starts working).

truly u get kolo mentality

Typical, you are once again finding everyone else guilty, while feigning innocence and playing the victim card. Fine example is how RichyBlacK's accounts begins from the pogrom and ignores all that had happened prior to that including Ironsi's failings that led to the counter coup. Anyone that faces the truth knows there is enough blame to to around. Admit the failing of people from your end like Zik, Nzeogwu, Ifeajuna, Orizu and Ironsi, before jumping to condemn those from other regions.
Gowon is no saint, but nor is Ojukwu, whose earlier surrender would have probably saved millions of lives, instead he was busy courting foreign sympathy through the press.
Genocide?  Anyone that approves of Ojukwu not surrendering when it was obvious Biafra was not going to win, is complicit and guilty of the said 'genocide'.

sjeezy8:
we know there are bad christian as there are bad muslims BUT we dont need muslims in Naija actin like terrorist and terrorizing people in the name of Allah.

and attacking Islam and labeling all Muslims as terrorists is the right approach?

Builder:
@ Bina

i believe u are a  moderate moslim, nothing wrong in that, but instead of condeming the atrocities done by the islam people, u rather find faults associted with christianity in place like serbia , ireland etc.  Indeed islam is a religion of peace.

You believe wrongly. I am not approving of, and do condemn, atrocities committed by anyone (Muslim, christian, oracle priest or whatever). What I do have a problem with is people, pretending like if 'Christians' are holier than thou,  who use the fact that some muslims commit atrocities, or make some condemnable statements, as a sufficient requisite to find all Muslims and Islam guilty of the offence. Yet they would not apply same measure to other people and religion.

Some of the worst leaders in history like Hitler, or organizations like KKK, thought of themselves as Christians, and yet I don't see anybody throwing the entire Christendom under the bus. After all, wasnt the slave trade dominated by christians? Nigeria is filled with people who claim to be either Christian or Muslim and yet they commit some of the worst atrocities you can think of. I have met several God fearing people and have also seen some devil incarnates, yetr I have never observed any correlation between their nature and their religious affiliation. If someone does that which is wrong, condemn him and hold the individual responsible for his speech or actions, but do not use such as an opportunity to take shots or make sweeping condemnation of another religion.

Anyone is free to condemn the statement by the sultan, but it should not be used as an excuse to assault Islam. More so, the Sultan's position in the Nigerian Muslim community is by virtue of his birth and enthronement, and not piety. So there is nothing to say he is even a good muslim.

ElRazur:
At what cost though? I am not sure there are significant gains. Besides, one may be foregoing stability for minuscule performance.

At minimal costs. CPUs are binned to work at the recommended speed (and voltage) to give the a lifespan of 10+ years. Overclocking (done properly) will get you 50-100% increase in speed at the expense of reducing the MTTF. How far wit will reduce will dpend on how aggressive you are with the voltage. I dont plan on keeping a CPU for more than 2yrs, as it would likely be obsolete by then, so why bother keeping it 'safe'. I can get the performance of a top end CPU for much less. Currently typing on a Q6600 that is rated at 2.4GHz (9 X 266MHz) that I overclocked to 3.32GHz (8 X 415MHz). That is almost 40% increase in core clock and almost 60% in FSB and its 24 X 7 stable and quiet. I can get it to 3.6GHz but the fan noise is too loud, and I dont have time to change them.

I have always wanted to dabble in this area as AMD are very good for over-clocking, but it is something I am yet to get around.

Intel have had the upper hand in recent years. Poor performance have made AMD bin their products more aggressively.

PS
You laugh and come across relaxed more lately? What's up now? No longer a man-virgin? Just messing with you lol.

Seems se.x is never far from your mind. Are you a gigolo or just watch too much poorn?  
As long as you stay off the brokeback mountain stuff, no wahala.

Processor 7.3
Memory (RAM) 7.3
Graphics 7.5
Gaming graphics 7.5
Primary hard disk 5.9

My interest in processors revolves mainly around their overclock ability. Nothing like bumping up voltages, upping frequencies and tightening timings

PapaBrowne:
@Biina
What are u saying

Counter these examples and show me where there is tolerance in Islam!

In Saudi Arabia, where you have millions of Christians residing, there is no single church(except maybe in the American Bases.)
In Qatar, a place that pretends to hold some form liberalism, there is not a single Church.
[url]http://www.time.com/time/world/article/0,8599,1723715,00.html[/url]

In USA on the other hand, there are 40,000-50,000 mosques!
In the UK, there are thousands of mosques too. And they worship freely!
In Israel of all places, there are a whole lot of mosques even outside Jerusalem in places like Tel Aviv.
In  Japan, there are several mosques.

We should stop deceiving ourselves and address the core issues. It is not by coincidence that the only bomb blasts the world has seen in recent years happen in Afghanistan, Iraq, Pakistan, Yemen, Saudi, Algeria, Egypt,Turkey etc. The ones that take place in Israel, UK and a few other places are perpetrated by Islamic terrorists. ETA,the only non muslim group blowing bombs, do so without ever killing hordes of people.

So Biina cut the crap and speak reasonably. Other religious groups might have killed in the past but there is  only one killing in the present.

Tolerance is a two way street and Islam isn't reciprocating it!

From the article you referenced
Presiding over the cradle of Islam and home to its holiest sites, the Saudi monarchy has long banned the open worship of other faiths
You pick a country ruled by a monarch and use the views of that monarch to generalize on Islam
Qatar, Kuwait and UAE are also Emirate states and thus cannot be used as a sweeping generalization against Islam
More relevant are countries like Iran, Tunisia, Morocco, etc, which are dominated by Muslims (95%+) but do have churches.
The thoughts of monarchs and dictators like the King of Saudi or Ghadaffi should not be used as a model representation of Islam.

You talk of recent bomb blasts, quite typical of selective processing, so the basques and Irish bombers are not terrorists because it happened some years ago and the genocide in Serbia is also to far in the past to be remembered. That you are willing to condemn Islam on recent events and exonerate other groups for similar offenses in recent past just reveals your tinted view of the issue. Still looking at recent events, one can easily point to the LTTE of Sri Lanka who pioneered the use of concealed bomb vests  and were guilty of ethnic cleansing against the minority muslims 

History has shown that terrorism is not isolated to Islam so I dont see you basis for equating both.

Gerrard is a square peg who doesn't fill into most of the round holes you have in a football team. The best you can make of him is playing behind the CF and even in that position he is barely above average. But he is English and moreso a scouser, so to pool fans, he is the next best thing since canned beer
Liverpool should have sold him several years ago to either Madrid or Chelsea and used the money to build a balanced squad. G

eyoniggar:
@binna.

We shall see what you can do in binbou

Lyon is gon smash u guyz out this week.

Leave am for am! Sevilla na preview, we go hammer lyon 4-1
Despite tactical erfror by MP, we outplayed them in lyon and just werent lucky in front of goal.
For Berne, we go play our true style and kill them for 90 mins.

Wigan 1-0 Liverpool

Sweeeeeet!!!!!!!!!!!!!
4th place for Citeh

Thinking about it objectively? What then do you have to say about the Srebrenica  genocide of Bosnian Muslims and the role of the Serbian orthodox church? 

Beaf:
^
I have picked up Katsina and Ondo for very good reasons, they both represent the problem we are discussing; lopsided representation. And I didn't bring up federal character, you did.

I have only delved into federal character because you brought it up. My arguments bear up equally from the morality perspective.

The fact is that federal character is really a dud that hardly applies in any other industry. It is simply a trick to defraud the deserving; I will give a simple example, Katsina has gold deposits in commercial quantity which is not governed by federal character and of course, there is no NNPC equivalent for gold. It would be rightly perceived as a fraud if 3 Ondo men are employed to oversee gold production in Katsina; the NNPC can't be different. So like I concluded earlier, there is no reason why Ondo, an educationally advantaged oil producing state has a miserable zero top NNPC management staff, whereas Katsina which is not only non oil producing, but very remote from any oil fields and educationally disadvantaged has 3.

1. Correction: The highlighted part of my quote was suppose to be Federal Character Act and not just Federal Character.

I agree with the notion of federal character (otherwise we will keep on having too many groups shouting marginalization) but feel the current implementation is far from ideal. First, Federal character should not be used as an excuse for appointing incompetent people into office. I also believe that for an entity like the NNPC, efforts must be made to make sure the oil producing states, regions, ethnic groups etc are well represented. Everyone else should come equally second. Beyond the oil producing states, no other state (north or south) should have undue advantage over others, hence my gripe is wiuth both Oyo and Katsina. In fairness, it is difficult to maintain the ideal config, but I am satisfied if there are no glaring lopsidedness.

As to Gold mining in Nigeria, the equivalent of the NNPC is the Nigerian Mining Corporation, NMC, and I blame the past southern leaders for not pushing for more mining in other parts of the country to help relive the pressure on Oil and diversify the industry. Hopefully the new mining reforms will change all these and we can see how the north react to sharing resources found in their backyard

see http://allafrica.com/stories/201002222075.html

edoyad:
Trying to make sense out of senselessness, in this case injustice, only leads one into folly. Biina you're making a  ridiculous defence that katsina's occupation of 3 slots is justified on the premise that those slots ought to have gone to states like benue, kogi and plateau in the first place and not south south, is that what you're saying ?
How educationally advanced(at primary, graduate, post graduate and all levels) is katsina compared to any state in the north central if i might ask ?

The level of education of the entire state is irrelevant. What is relevant is if they have qualified candidates  who are able to take up the appointment, as stated

2. The best and most competent persons are recruited from each state of the Federation to fill positions reserved for the indigenes of that state or the Federal Capital Territory.

So even if he is the only qualified candidate from that state, he is entitled to that position.

Again you cannot use the FCC act to justify taking a position away from Katsina to compensate Ondo, when the SW has the expected average number allocated and a state in that region, Oyo has more than its fair share. If you follow the FCC act, the position should be deducted from Oyo.

You can check my earlier post in which I said Ondo, Bayelsa and Crossriver, should all have appointments at the expense of Katsina and Oyo, but that is my personal view and is not based on the FCC Act. Its beaf that was trying to use the FCC Act to justify his position. I personally dont see why Oyo and  Katsina (or any other states for that matter) should have 3 appointments when some have none but seems beaf is only conscious of Katsina's appointments.

Beaf:
Your argument doesn't cut it. You should be looking at the whole post I made, not selections which can be taken out of context. I highlighted this "d. Appointments into the leadership of al Ministries, Departments, full time Commissions, public corporations and tertiary institutions the Armed forced, police and other security agencies shall be done such that each state or zone shall be represented equitably in accordance with the appropriate formula."

With the above in mind (which by its definition, clearly overrides all the considerations in your argument) and the fact that Ondo is an educationally advantaged oil producing state, what is the rationale for Katsina to have 3 top managers and Ondo state, a miserable zero?
Is there any reason why this should be?

if you are talking about top level management appointments (which you seem to have expanded to level 3 and beyond the board) the quota/catchment area argument doesn't apply. So everyone should be equitably represented, and being an oil producing state doesnt give ondo any advantage.

4. Where the number of positions available cannot go round the states of the Federation or the Federal Capital Territory, the distribution shall be on zonal basis but in the case where two positions are available, the positions shall be shared between the northern zones and the southern zones.

5. Where he indigenes of a state or the Federal Capital Territory are not able to take up all the vacancies meant for them the indigenes of any state(s) or the Federal Capita Territory within the same zone shall be given preference in filling such vacancies. Provided that where the zone to which the preference is given fails to take up such vacancy the indigenes from any other zone shall be considered for the appointment.


From Jarus posts, the number of posts in level 1-3 management is 34 which is less than the 37 required for direct state level distribution, and thus distribution is done first on zonal basis and then on state. From my earlier post, while the NW does have more than a fair share (8 instead of 6), it is done at the expense of the NC (4). The SW has 6 slots which is fair, and Ondo not having one is attributable to Oyo having 3 and not Katsina. It is people in the NC that can complain about the NW share and then we would have to debate if the have the qualified candidates available to take up the positions.

If you feel Ondo have candidates that deserves the appointment, it should be taken from Oyo which, along with Katsina, has  3. Asking that Katsina surrenders a seat for Ondo, defeats your argument as that would make the distribution lopsided in favor of the south, and then goes against the Federal character. The initial redistribution needs to occur within the SW and not from north to south.

So I am not against Ondo deserving a spot, but if your argument is based on federal character, the spot should come from Oyo and not Katsina. If you have issues with the FCC Act, that is a different matter.

tunnytox:
I beg shatap dia  what stop me from stating the obvious on a forum like this. You cannot bully me with your religious tactics its a free world.

bully online?
You made a sweeping statement about a religion and you deem it 'stating the obvious'?
You need to be more tolerant of other people's religion.
People have always done terrible things in the name of God. It is not peculiar to any religion alone, but simply because religion is the opiate of the masses, those with ulterior motives often find religion to be the best rudder to steer the people in the direction that they desire.

Beaf:
The above is a clear violation of the principles of federal character. One simple example is, Ondo State. Being an oil producing state, is in a catchment area, yet has zero senior manager representation at NNPC. Catchment areas should produce 75% of staff at local  levels and no state should produce more than 3% at the Head office, so how come Ondo, a state not lacking in qualified graduates has zero representation, but Katsina which is not only far outside the catchment area, but is also educationally disadvantaged has 3 top NNPC managers (8.3%)? How?

Federal Character Principles http://www.fccnigeria.org/GuidingPrinciples.htm

1. First, what you posted is in reference to career posts and not appointments and Jarus is yet to clarify why his numbers dont add up and Ogun is counted twice.

2. It states
"The indigened of a state of the Federation shall not constitute less than 2.5 per cent or more than 3 percent of the officers including junior staff at the Head office of any national institution, public enterprise or organization. In the case of branches or local offices not less than 75 per cent of these categories of staff shall be indigenes of the catchment area." 
I doubt Katsina has more than 3% of the entire NNPC staff (including Junior staff) at the HQ.

3. The requirement for 75% from catchment area applies to total number of staff at branch offices and unless you have relevant stats, you cannot assume that Ondo not having a level 1-3 management staff means the prescribed total staff ratio is violated.

4. - Where the indigenes of a State or the Federal Capital Territory are not able to take up all the vacancies meant for them, the indigenes of any other States(s) or the Federal Capital Territory within the same zone shall be given preference in filling such vacancies. Provided that where the zone to which the preference is given fails to take up such vacancy the indigenes from any other zone shall be considered for the appointment.
It is Oyo that absorbed the Ondo offices and not Katsina. Katsina is guilty of taking up the seats of other northern states.

One should not misrepresent things just to make a point.

Ibra is a very good player, just not worth the 70 milla una pay for am, and doesnt offer the flexibility that Eto'o did. With Ibra, the front three are not able to interchange as easily as they did with Henry, Eto'o and Messi, making their attack a bit more predictable.

Pep seems to be experimenting with a 4-2-3-1 formation to try and get Ibra into a more traditional CF role and give messi more flexibility. In the games he has tried it, it has been unsuccessful. Stuttgart nearly killed them in the first half (he reverted to 4-3-3 in the second) and they struggled against Almeria. The key problem being that Messi is not a trequartista and playing through the middle simple takes away from his game. He should stick to the 4-3-3 till the end of the season and hope for the best.

All that no matter sha,as we go kill una for Bernabeau!!!

agitator:
and peeps here were posting, hopeful of regular and steady power supply because the fund is being managed by the central bank.

see topic: CBN To Fund Power Projects With N500bn Loan https://www.nairaland.com/nigeria/topic-407413.0.html#msg5621765

Do you even know history of the issues and what went wrong before laying the blame on the CBN?
Socrates was right, one man, one vote, is questionable.

Princek12:
That explains why the NNPC is currently in a dysfunctional state. Call me a tribalist or not, most Northerners do not value education and are less likely to possess the requisite qualification to lead the NNPC. If you are a Northerner, the only required qualification for being appointed to a position is that you are an Alhaji. The degree of dysfunction is directly proportional to the percentage of top management who are Northerners, so NNPC is 86% dysfunctional.

Obviously you are no better than the 'northerners' you are so eager to  comprehend, as you obviously lack the requisite English comprehension skills  for making positive contributions on national issues. The article said 86% of the 14 new appointments and not the entire management. Statistics of the entire NNPC staff was already posted a few pages back, and the northerners (NW, NE and NC) are only about 31% of the entire staff and about 50% at the top 3 levels.

snowdrops:
Nonsense

Is that the extent of your vocabulary or just the new word you learnt today?