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Foreign Affairs › Re: California Backs Gay Marriage Ban by biina: 5:39am On Jun 02, 2009

[quote author=oyinda. link=topic=276897.msg3962659#msg3962659 date=1243917178]ok. case closed. let's compare homosexuality to heterosexuality then. I think that was the original argument.
why can't homosexuals get married in california when heterosexuals can?[/quote]California recognizes domestic partnerships (same sex and opposite sex), and they have almost equivalent rights to marriages.

Foreign Affairs › Re: California Backs Gay Marriage Ban by biina: 5:28am On Jun 02, 2009

[quote author=oyinda. link=topic=276897.msg3962603#msg3962603 date=1243915723]people in general don't approve of pedophilia. having affairs with prepubescent children should not be compared to homosexualism. ok?
that's a personal attack on gay people comparing their relationship to that of sexual abusers.[/quote]so the general opinion is valid for pedophiles, but should be ignored when it comes to homosexuals? undecided

Homosexuality is just a sexual preference/orientation and thus can be compared to any other, including heterosexuality, pedophilia, necrophilia etc.
You are willing to make judgment calls on the orientation of others, while not wanting to be subject to same. Such is termed hypocrisy.

because they're gay duh?
they choose to have same sex partners because that's their sexual orientation. If they gave you the choice to have a husband or a wife, wouldn't you pick a wife because you're heterosexual?
and at what stage did u start liking girls? talking about stages of choice making. lol

and therein lies the point. Orientation vs preference is inconsequential as they are simply gay.

That's a symptom of homophobia. lol
gay ppl kissing gives u image of butt sex and therefore should be banned. clap for yourself

The age old silver bullet - homophobia. I simply gave a counter argument to your position that out of sight is out of mind. I have not alluded to my being homophobic or otherwise. I do have a problem with people who try to browbeat others into accepting gay marriages or homosexuality in general.

ok so you were comparing gay ppl to rapist on another thread and so what has that got to do with my comments with david? my comments were to davidylan not you. unless you're davidylan that is. lol
I wouldn't be surprised if that were the case

You likely falsely accused the fellow, and refused to withdraw you allegations ,even when it is obvious that your position cannot be proven. I have only tried to help you see reason. it is mean spirited to accuse another falsely.

Romance › Re: Guys: Can You Cry In Front Of Yours Girlfriend. by biina: 4:58am On Jun 02, 2009

say wetin happen? undecided

I never cry since my JSS days. e be like say water don finis 4 ma eye

Foreign Affairs › Re: California Backs Gay Marriage Ban by biina: 4:47am On Jun 02, 2009

[quote author=oyinda. link=topic=276897.msg3962395#msg3962395 date=1243907993]Who said the gay community discriminates against others with particular sexual orientation?[/quote]so gay's approve of pedophiles? undecided

Your statement here is very convoluted. please explain in understandable english

The core difference in semantic definition of sexual orientation vs sexual preference is the issue of choice. The sexual orientation characterization argues that gay people are so because that is who they are and they have no choice in not being gay. On the other hand, sexual preference characterization states that gay people prefer to be gay and thus have a choice to be straight. The common truth is that given a choice between partners of same sex or opposite sex, homosexuals will choose same sex partners. There is no objective evidence to determine at which stage in the person the choice was made, and even so the concern is with the choice and not the stage at which the choice occurred ergo the distinction is moot.

somebody said gay people have butt sex. I said what goes on behind closed doors is not his business
and now you have come up (out of thin air) with PDA levels and Sharia.
that's a red herring fallacy

You made the argument that since the act was out of his view physically, he should then not be bothered by it. My argument is that gay couples displaying affection in public could have the same effect on his mind as if he was physically present when they had sex. I subsequently followed up with the argument that the level of PDA that might be said to have such an effect becomes subjective.

were you banned or you intentionally created a new persona to defend your old one?

Nope I was not banned, and there is ample evidence of the veracity of the account, that the question is unwarranted.
I simply read your posts and pointed out that your allegations against another poster were poorly founded, and your premise does not support your conclusion.
Given that I had made similar comments on the issue in another thread, the same argument you put forward against davidylan, could be brought up against me and would be false.

Politics › Re: Anambra's Igbo Language Bill by biina: 3:22am On Jun 02, 2009

I think that schools at primary and secondary level should teach at least 2 Nigerian languages, with one being indigenous to the state.

Also there should be relevant curriculum to teach the history, cultures and tradition of the various parts of the countries i.e a renovated version of the social studies of old. A lot of Nigerians know little to nothing about people from other parts of the country, and this makes it more difficult to cooperate towards a common goal. If you do not know where one is coming from, it is difficult to appreciate where he is headed.

The misunderstanding is evident even on NL, where most discussions easily degenerate to tribal tantrums.

Foreign Affairs › Re: California Backs Gay Marriage Ban by biina: 2:13am On Jun 02, 2009

[quote author=oyinda. link=topic=276897.msg3962237#msg3962237 date=1243902588]so you support the argument that homosexuals should be compared to rapists and pedophiles?
If a homosexual can give a logical reason as to why he won't support rape why not? Why do you have to agree with rape and pedophilia to argue for gay rights? why should homosexuals, rapist and pedophiles be clumped in the same category? why is the sexual side being always emphasized in these relationships?
and you know, we could go on another debate over whether homosexuality is just a sexual preference or a sexual orientation.[/quote]like I said, its proponent of gay marriage that raise the issue of sexual orientation being the primary difference between gay and straight couples, arguing that the emotional and material aspects are same.
The best way to debunk the argument of sexual orientation is to provide other instances of uncommon sexual orientation that are also frowned upon by the gay community and majority in the society. If the gay community discriminates against others with particular sexual orientation, it becomes hypocritical to ask same criterion not be applicable to them.

The argument of sexual orientation vs preference is more of semantics than anything else. The simple truth is that given a choice, these people would prefer to act in a certain way. The fact that that might be the only choice they would rather have, is irrelevant, as it is not objectively so, and it is inequitable to take the word of the individual for it.

http://www.cnn.com/2008/POLITICS/12/18/obama.warren/index.html
also see the video I posted earlier on.

I didn't say he never discussed the issue, I simply said I have never watched him and thus it would be erroneous to assume my argument stems from his comments.

I wasn't referring to PDA when I made my comment. The person I was responding to made a comment about gay sex (again, the sexual part is always emphasized). That happens behind closed doors. Or have you seen gay couples having sex in public?
pls go back and read my comment

This now becomes a subjective reference as to what is an acceptable level of PDA. This varies from society to society and thus what is termed acceptable in the US or UK, will likely cost you your arm in any of the Sharia states. I don't have to see you perform the actual act to be offended, as your PDA might be enough to bring the thought to mind.

Sports › Re: Nba Season '08/09 by biina: 1:50am On Jun 02, 2009

[quote author=A-40 link=topic=148652.msg3962236#msg3962236 date=1243902534]@biina
Good point raised but bad runs against teams should end sometime but i guess peeps where oblivious to the many flaws of the Cavs.Truth is his supporting cast was piss-poor Ilgauskas and Varejao where raped endlessly by Dwight at both ends of the floor.The Cavs bench was so useless Mickael Pietrus alone out-scored them twice also Williams was shyte for most of the series always taking poor shots and just basically bad decisions with the ball
Lebron played almost 44mins per game that is way too much luggage for Lebron perhaps with better free throw shooting the story might have been different
@ethanol
Artest is an idiot-thing i didnt know NBDL had been around that long[/quote]I honestly feel that cavs team should be taken apart. except lebron, everybody else should be reviewed.
It has been repeatedly proven that basketball is a team sport. No matter how good you are, you can't win it all without the right support cast (ask Kobe).
They need to add at least two quality players to that team: At the guard position and a big man up front. Boozer is up for grabs this summer.
Luckily for them, Lebron will help attract a lot of ring seekers.

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 1:33am On Jun 02, 2009

9child:
@biina
just let it rest @archemedes has said it all

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 1:32am On Jun 02, 2009

[quote author=OYB_MEND link=topic=278498.msg3962194#msg3962194 date=1243901431]well it seems funny because you dont get it

These folks think ahead of you

Making charity donations with public money in a organisation where you have friends is a classical of diverting public funds

because after all the charade and public show of donations what actually happens to the fund is hardly tracked by members of the public

People are allowed to donate their Private Money where they like, but to donate an organisation's money to your own friends is dodgy

Nigerians dont know the various schemes of the corrupt[/quote]So all those silicon valley companies like Ciisco, HP, Yahoo, Google, Nvidia, Nike, and Co that make donations to Stanford University where most of the CEOs graduated from are guilty of corruption?
Past FBN directors should be questioned over the N50 million multipurpose auditorium for UI as Moyo Ajekigbe is an alumnus of the school?
You are yet to show how Sanusi, or any close associate of his, benefited from the donation.
please stop looking for financial ghosts. Corrupt leaders don't need to jump through hoops to embezzle money.

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 12:54am On Jun 02, 2009

archemedes:
I only replied your post. I really do not get involved with baseless arguements. Soludo performed very well and I pray everyday that his replacement performs far better than him for the sake of Nigeria. Your Sanusi accolade leaves me in deep ponder. Can you vouch for him with your life? If NO, then cut the arguement until we see his performance.
In my opinion, Soludo is more qualified, but qualification is one thing and performance is another. Qualifications dwelling in corruption is close to nothing.

Maurice Iwu (Prof)
Jerry Gana (Prof)
Iseghohi and lots more

Its not all about qualification; discipline, natural intelligence, focus, enthusiam to succeed all come into play. I do not stand for or against Sanusi as I can not predict his resistace to corruption ($45billion in our foreign reserve). Until he ascends the sit and I see his performance, I keep my mouth sealed

I am not sure how you reached the conclusion that Soludo is more qualified if you do not relate it to the responsibilities of the job. If one ignores the requirements of the job, then I can say that Soludo is more qualified to be a tailor, than a trained tailor, simply because of the former's PhD and experiences you listed.

I do not need to vouch for Sanusi, nor have I said he will definitely deliver in office. I have simply made the case that given his profile. he deserves the benefit of doubt and should be evaluated by his performance in office.

Politics › Re: #4,000,000,000 For Ibadan Palace!shocking! When No Good Road Dey by biina: 12:45am On Jun 02, 2009

I dont get what the fuss is all about. All they have said is that they are trying to raise N4 billion to build a palace.
I don't see the problem in them trying to raise N4 billion, as it does not mean that they would succeed in raising said amount, and if raised that they would spend its entirety on the palace.
The money is being sought from donors and not necessarily public funds. I think the figure is simply inflated to encourage contributions.

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 12:31am On Jun 02, 2009

[quote author=OYB_MEND link=topic=278498.msg3961924#msg3961924 date=1243898119]does a bank board approve every micro decision that a CEO takes before they are implemented?[/quote]if you feel a N20 million donation is a micro-decision, then yes.

Foreign Affairs › Re: California Backs Gay Marriage Ban by biina: 12:28am On Jun 02, 2009

@oyinda
I think your allegations against david are likely wrongful. I myself have also used similar argument on NL. It is simply the logical counterargument when a proponent of gay marriages throws out the point that they should not be discriminated against by the society simply because they have an unusual sexual preference. The fact there are people of other sexual preferences who the gay marriage proponents would not liked licensed (and preferably criminalized) is just apt.

While I am quite familiar with Rick warren, I have never watched him talk about homosexual or gay marriages.

As to the issue of 'what concern u with what goes on behind closed doors', in liberal states like California, gay couples are often seen in public sharing affectionate kisses and cuddling. So it is not always behind closed doors.

Politics › Re: Fg Revokes Nitel, Mtel Sale To Transcorp by biina: 12:14am On Jun 02, 2009

mbulela:
the amount of confusion in this govt is frightening.
how can anybody be convinced to invest in such a confusing environment?

what has the government done wrong. If transcorp has failed to meet its obligations, is it not right that the sale be revoked?

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 12:10am On Jun 02, 2009

[quote author=OYB_MEND link=topic=278498.msg3961834#msg3961834 date=1243897017]the 5 directorates are like 5 departments of the CBN

Get me the job description of the CBN Governor and show me where it says you must be a Banker to qualify as a CBN Governor

CBN Governors are policy makers and nothing is more imporatant than being an economist.[/quote]I never said one must be banker to be a CBN governor, only that you evaluate the relevance of past experiences to the job of CBN governor.
The job of the CBN governor is essentially to ensure that the CBN fulfills all its responsibilties as much as possible, an aim that requires that all departments function well.
This point would be invalid if you feel the CBN governor works in isolation undecided

If you feel the CBN is simply a policy maker, then please tell me why such appointments of person with no corporate experience are not rife in the developed countries.
I would appreciate that you provide just one or two examples.

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 11:59pm On Jun 01, 2009

[quote author=OYB_MEND link=topic=278498.msg3961731#msg3961731 date=1243895877]It is one thing to donate his own money to his alma mata, it is another to donate FBN money to his alma mata

this coming from a supposed RISK MANAGER is very disturbing, especially when he has only spent 5 months as FBN CEO.[/quote]Did he donate the money, or did the board of FBN donate the money? You are making your case as if the board were unaware of the donations.
If the board approved of it, then where is the suspicious behavior?
Are you accusing the entire board of being complicit or that they are simply unaware of Sanusi's relationship to the school?

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 11:53pm On Jun 01, 2009

archemedes:
Dr Soludo has been visiting scholar[2] at the International Monetary Fund, the University of Cambridge, the Brookings Institution, the University of Warwick and the University of Oxford and a visiting professor at Swarthmore College (USA). He has also worked as a consultant for a number of international organizations, including The World Bank, the United Nations Economic Commission for Africa, and the United Nations Development Programme.[1][3][4][5][6]

Soludo is a core professional in the business of macroeconomics. He obtained his three degrees and then professorship at the University of Nigeria in Nsukka, Enugu State. He graduated with a First Class Honors degree in 1984, an M.Sc. Economics in 1987, and a Ph.D. in 1989, winning prizes for the best student at all three levels.[1][6][7]

He has been trained and involved in research, teaching and auditing in such disciplines as the multi-country macro econometric modeling, techniques of computable general equilibrium modeling, survey methodology and panel data econometrics, among others. Soludo studied and taught these courses at many Universities, including Oxford, Cambridge and Warwick. He has co-authored, co-edited and authored about ten books on this subject matter.[7]

In 1998 Soludo was appointed to the position of professor of economics at the University of Nigeria; the next year he became a visiting professor at Swarthmore College in Swarthmore, Pennsylvania, US.[1]

Soludo joined the federal government in 2003. Prior to his May 2004 appointment to the bank chairmanship[8], he held the positions of Chief Economic Adviser to former President Obasanjo and Chief Executive of the National Planning Commission.[1].

In January 2008, in a speech to the Nigerian Economic Society, he predicted consolidation in the private banking industry, saying "By the end of 2008, there'll be fewer banks than there are today. The restructuring of the banking industry has been attracting funds from local and foreign investors, which have increased banks' ability to lend to customers".[9] He hopes to see Nigeria become Africa's financial hub,[10] and considers microfinance important to the federal government's economic policies.[11]

It has been asserted that in April 2008, Soludo was accused of abuse of his position. However, there is no supporting evidence for this which is accessible via the internet.[12]

Source http://en.wikipedia.org/wiki/Charles_C._Soludo

Please see above post. Qualifications and experience should not be evaluated in a vacuum, but rather related to the job responsibilities.

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 11:51pm On Jun 01, 2009

[quote author=OYB_MEND link=topic=278498.msg3961669#msg3961669 date=1243894955]soludo was a professor of economics with International consultancy experience, not sure how u arrived at that conclusion.

Joseph Sanusi also had international experience

what does Lamido have?[/quote]First you should check the responsibilities of the CBN and the departments under the Governor before you jump to conclusions.
Soludo has international consultancy experience doing what? Prior to his appointment, he was a theorist in macro-economics.
Do not try to exhume relevance by attaching 'international' to experience, rather evaluate the relevance of said experience to the associated responsibility.

The CBN has five directorates
* Governors' Directorate: Corporate Secretariat; strategy and performance; Internal audit; Office of the Governor
* Operations Directorate: Banking Operations; Currency and Branches; Finance; and Foreign Operations
* Corporate Services Directorate: Procurement & Supply Services Human Resources; Information Technology
* Financial Sector Surveillance Directorate: Banking Supervision; Development Finance Department; and, Other financial Institutions
* Economic Policy Directorate: Research; Statistics; Monetary Policy; and, Trade and Exchange.

Soludo's experience related mainly to the last directorate.

Sanusi has relevant experience in managing almost all of them.

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 11:29pm On Jun 01, 2009

[quote author=OYB_MEND link=topic=278498.msg3961513#msg3961513 date=1243892923]this is a very tried and tested way of looting public money, donate public money to charity organisations or charity courses where you have friends

and maybe someone could explain to us why he refused to point out in CBN Website that the 20 Million he donated was to a school he attended.

http://www.firstbanknigeria.com/mc/pressrel/pr_11052009c.asp

20 million might be small but there is need to search if this leads to a trend[/quote]and who are his friends in the school - the principal?
The school is affiliated to the Catholic Church. Do you think he his now in cahoots with the Archbishop of Kaduna?
Every where in the world, schools seek donation from their Alumni and/or the company they work for. Its one of the benefits of having successful products from a school.
Do you expect him to donate to some else's alma mata? or you rather corporate bodies don't donate back to the society?
The donation was published by First Bank which points toward it being above board.

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 11:18pm On Jun 01, 2009

and herein lies the problem with Nigerians. All that seem to have a problem with the guy's appointment have failed to provide any substantial argument as to why the guy would not deliver in office. Rather they are alluding to conspiracy theories and fictitious references.

For those that fear his heritage, Sanusi is known for being his own man, and has criticized the northern elites in the past. It is probably his family ties that has protected him from serious repercussions for some of his utterances.

It is rumored that he left UBA for not being willing to 'play ball' with the top executive of the Bank.

On paper, the guy is definitely more than qualified to head the apex bank. He is more qualified than Soludo was before he became CBN governor. He has a degree in Economics from the Ahmadu Bello University, taught undegraduate economics at ABU, worked as a merchant banker with Icon Limited, worked in UBA as a risk manager and eventually joined the board of First Bank.

Some sentimentally feel that he has big shoes to fill, to which I respond that Soludo has done no better or no worse than his predecessors. (If you feel otherwise, please start a thread and I would gladly engage you on the issue).

The guy should be given a chance, before we seek his head.

Sports › Re: Nba Season '08/09 by biina: 10:31pm On Jun 01, 2009

JeSoul:
My brotha help me wonder oh . . . where's Chiogo? there's some heavy duty nibbling going on

Gbam Gbam Gbam!!!
All this talk about Lebron not stepping up, it was the rest of the team that did not show up. They are to blame. Ben Wallace is saying he's likely to retire . . . his decline began when he went to chicago
Finally some real analysis abeg you and moonstone should chill out and come and post more often

I think Ariza will be too fast for Turk who can be sluggish atimes. Odom will def be a better match. I wonder who the magic will put on Kobe . . . I don't think they have anyone who can put up a decent defensive session on him.

I'm seeing in Doyin's crystal ball: Howard abusing Bynum and Gasol down in the paint a few elbows will be in order by the time the series is done.

Do not put the blame on his supporting cast. Those guy played to the best of their abilities which was sadly not enough.
Was it not the same supporting cast that was present when they were winning 66 games and the magic beat them thrice?
Was it not the same that was present when they were sweeping Detroit and Atlanta?
The problem starts with the Magic not needing to double team Lebron, and thus forcing the support cast to need to play well when defended.
It was the same story when the Cavs were swept by spurs a few years ago.
It was a similar failing when they played the Lakers in the regular season.
If a team can afford to guard Lebron 1 on 1, the limited abilities of the cav's support cast easily comes to fore.
If you double team Lebron, then it opens up opportunities for the others.
The Cav have had matchup problems with the magic in recent times, and when a team beats you 11 times out of 15, it is no longer a case of someone not showing up
The playoffs is all about matchups, and the Cavs simply lost to a better (though inconsistent) team.

European Football (EPL, UEFA, La Liga) › Re: The 2009 Summer Football Transfer Thread(Bayern £22m Robben, Inter £13m Sneijdr) by biina(op): 10:13pm On Jun 01, 2009

ow11:
Ermm, NO! Puyol is too old to have played at Nigeria '99. see here. It was meant for players born in or after 1979 .

Yes you are right. I seem to have mixed up the Nigerian '99 squad with the 2000 Olympic team

Foreign Affairs › Re: California Backs Gay Marriage Ban by biina: 7:17pm On Jun 01, 2009

JustGood:
~~what~~ who is rick warren?

Rick Warren is a pastor of an evangelical church.
He is the founder and senior pastor of Saddleback Church, in Lake Forest, California (currently the eighth-largest church in the United States)
He hosted the Civil Forum on The Presidency at his church with both presidential candidates, John McCain and Barack Obama. He also gave the invocation at Obama's presidential inauguration in January 2009.

https://www.whereistheoutrage.net/wordpress/wp-content/uploads/2008/12/rickwarren111607.jpg

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 6:57pm On Jun 01, 2009

mikeansy:
finally an official decision

Now over to Senate

Thank God! About time.

European Football (EPL, UEFA, La Liga) › Re: The 2009 Summer Football Transfer Thread(Bayern £22m Robben, Inter £13m Sneijdr) by biina(op): 6:56pm On Jun 01, 2009

RuuDie:
Xavi is also on the radar of the new Real numero uno even though the Barca-born and bred m/f maestro is claiming that its "Barca 4 life" - given the history of BarcavReal transfer sagas, i wouldn't bet against it!

I doubt that cule would ever join madrid.
He is a technically sound player, I still remember watching him lead Spain to the trophy in the U21 tournament hosted in Nigeria, Nigeria '99. Puyol was also in that squad, with Ronaldinho on the brazillian team.

European Football (EPL, UEFA, La Liga) › Re: The 2009 Summer Football Transfer Thread(Bayern £22m Robben, Inter £13m Sneijdr) by biina(op): 6:52pm On Jun 01, 2009

Floretino Perez has been confirmed as the new president of Real Madrid. He won unopposed.

He has since appointed
-Jorge Valdano (his former sports director) as director general and assistant to the president
- Zinedine Zidane as advisor to the president.
- and Miguel Pardeza (takes over from Predrag Mijatovic) as sports director.

The current coach of villareal, Manuel Pellegrini, is expected to take over as coach of the los merengues .He will be replacing Juande Ramos, who was in charge for the second half of the season since Bernd Schuster was given the boot late last year.

European Football (EPL, UEFA, La Liga) › Re: The 2009 Summer Football Transfer Thread(Bayern £22m Robben, Inter £13m Sneijdr) by biina(op): 6:46pm On Jun 01, 2009

Carlos Ancelloti has been confirmed as Chelsea boss. The 4 time champions league winner (2x as player and 2x as coach) feels winning the UCL is top priority. Chelsea has gotten to the semi-final stage 5 times in the past 6 years.

Politics › Re: What a Senator Earns In Nigeria - Do Or Die Affair N 29 479 749 Per Year by biina: 6:35pm On Jun 01, 2009

Sagamite:
How? I don't get it, please explain.

what is the possible harm in over estimating the amount being paid to the senators?

Politics › Re: London Police Arrest Ex-ig Ehindero’s Son by biina: 6:30pm On Jun 01, 2009

Sagamite:
OK, I will just do what I do to the UK police.

1) Refuse to answer any uneccessary questions except I am under arrest or my lawyer is present
2) Ask him a question rather than provide an answer (e.g. Do you believe the money is illegal?)

I have noticed that most times they are only looking for a way to find something you might be guilty of since one moronic officer made me pay over £200 for a motoring I was not aware of.

But please don't hold it against the police. It is the nature of their job.
Often they are simply fishing, and when lucky they catch a big fish, or a small fish that would lead them to the bigger fish.

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 6:23pm On Jun 01, 2009

mikeansy:
Biina

At the rate Yar'adua's indicisiveness is going, the mantle of leadership might fall on Tunde Lemo

Ernest Ebi who is second to Soludo is dues to step down few days after Soludo

I think Tunde Lemo is a brilliant banker, but the failings of his department does not speak well to his suitability for the job.

Its quite saddening that there is still nothing concrete at this point. One would have expected an advance notice of a few weeks to help with the transition.
I wonder if the delay is a deliberate ploy by Yaradua to blackmail the senate into approving his nomination undecided

Politics › Re: Sanusi Set For CBN- •‘it’s Not Going To Be Business As Usual’ by biina: 6:17pm On Jun 01, 2009

tunku:
If capitalization for Nigerian Banks had not been increased many of the consolidated conglomerate banks would not be standing now. The global crises occurred because under capitalized banks were taking risks that they could not possibly cover. Subprime banking doesn't work and I am afraid neither will Lamido. Seriously, just because he speaks with a British accent does not make him more qualified to run CBN.

'Under capitalization' was never the problem of the banking sector, nor was increased capitalization the solution to the banes of the sector. Capitalization simply ensures that the banks have more money to play with. In the same vein, capitalization is not a measure of the health of a bank, after all, the likes of citi group, Wachovia and WAMU are/were well capitalized beyond the Nigerian banks and faced financial distress, while smaller banks remained healthy. Soludo was not the first (and would not be the last) to increase bank capitalization; it is an evolutionary process. In truth there is nothing like under capitalization in of itself, unless it is seen as a derivative of over exposure.

As you rightly pointed out, there is problem looming when a bank takes risks it cannot cover. The solution lies in two choices: increase the coverage level i.e. capitalization, or restrict the exposure level i.e. supervision. Each is not total on its own. Increased capitalization encourages growth, while supervision keeps the greed in check. One without the other is sub optimal.

Sub-prime lending, which simply means lending under terms that increase the risk level of a loan higher than is advised (e.g lending against insufficient collateral), should not be evaluated as working or not. Rather the concern is the risk portfolio of the bank in question. For instance, a bank with a 90% of its portfolio being sub-prime loans is highly exposed, as opposed to one with only 30%. Thus the question still comes back to thre supervisory function which should ensure that the 90% composition is discouraged. Increased capitalization cannot discourage sub-prime lending.

As to Sanusi's accent, that is a failing on your part, as you are the first poster I have read who has felt his accent should be a consideration in his qualification for the job. Please check his qualifications and work experience before commenting on his suitability for the position.

Culture › Re: Superstitious Ban Of Palm Fruits By Oba by biina: 5:46pm On Jun 01, 2009

tunku:
Biina you misguided fool, are you really trying to argue that the Monarchy in the U.k. is nothing but a figure-head? That its functions isn't merely ceremonial? Hahaha, Yeah, Lizzy is the one who decides who runs the country, the PM your mps chose is dismissed at the whims of the queen. Oh god, thanks for the laugh. You idiots really are something else. And here I thought Tony Blair/Brown and Labour have been the ones running the U.K. for the past 12 years. Apparently its "heeellloooo" Elizabeth. Next you'll claim that the Kennedy are descendants of Arthur.

Firstly, learn to make your point without resorting to personal insults. Such statements do little for you credibility.

You made an unqualified claim, that the queen had no power whatsoever, and I simply corrected it. There is no need to get upset over it. If you have a counter argument, please present it coherently, but dont waste cyber space with ramblings and insults.

For your information royal prerogative is not limited to the UK (as it exists in most European countries) and the queen of England has similar relationships with the governments of Scotland, Wales, and Northern Ireland.

There are different arms of government and different roles to be played. If the monarchy is still relevant in other countries, I don't see why we should then do away with ours.

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