Pets › Re: Trader Arrested For Naming His Dog ‘Buhari’ by billyG(m): 3:19pm On Aug 17, 2016 |
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Pets › Re: Trader Arrested For Naming His Dog ‘Buhari’ by billyG(m): 3:16pm On Aug 17, 2016 |
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Business › Re: PHOTOS: Leather Inception Mission In Sokoto Is Full Swing by billyG(m): 12:38pm On Aug 16, 2016 |
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Pets › Re: Help! About To Buy A Dog For N20k by billyG(m): 6:46pm On Aug 14, 2016 |
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Agriculture › Re: Kicked off My Small Scale Rabbit farm!! by billyG(m): 8:47am On Aug 14, 2016 |
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Agriculture › Re: My Successful Cucumber Sack Farm In Kaduna by billyG(m): 6:30am On Aug 14, 2016 |
Why sacks when u hav soil pls explain. |
Agriculture › Re: The First Made In Nigeria Tractor For Small-scale Farmers by billyG(m): 6:14am On Aug 14, 2016 |
That is a good one,but d exhaust need to be position higher to prevent smoke poisoning and d hot engine need shield to prevent heat exposure & personnel contact with hot body. |
Politics › Re: Adeosun Signs $500m Real Estate/$200m Agriculture Agreement by billyG(m): 12:32am On Aug 14, 2016 |
, Thisis2raw: I chose not hold a convo doesn't mean I don't know what to tell you and more over when comes to education bro I was given the best my parents. I don't know why you miscreants always think one didn't get a good education like you people. Now let me tell you something.
Even if this is to boost the economy they are sectors that needs this fund more badly than real Estate.
(1) the agricultural sector needs this funds badly (2) the mining sector needs this funds badly (2) the health sector needs this funds badly Not this real Estate bullshxt e |
Sports › Re: Joseph Yobo: Why We Visited To Buhari by billyG(m): 12:18am On Aug 14, 2016 |
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Politics › Re: Ijaw Leaders Promise To Resolve Militancy Crisis In 30 Days by billyG(m): 12:13am On Aug 14, 2016 |
TheFreeOne: BY JIMITOTA ONOYUME PORT HARCOURT –
PRESIDENT Ijaw National Congress, INC , Chief Charles Harry has assured that it could resolve the challenges of militancy in the Niger delta region within 30 days if the Federal Government ceases hostilities in the region.
Speaking yesterday at the secretariat of the apex Ijaw body in Port Harcourt, Rivers State, the newly sworn in national president, Chief Harry warned against use of military force in the region, saying the area had lost enough youths.
“We ask for peace to return to the region;shooting and bombings can be resolved in 30 days,“ he said.
He said the Federal Government also had a role to play for enduring peace to reign in the region, stressing that it should take steps to redress challenges of underdevelopment in the area.
: http://www.vanguardngr.com/2016/08/ijaw-leaders-promise-resolve-militancy-crisis-30-days/?utm_source=&utm_medium=twitter Kai!Nobody want to die,even nnamdi kanu is begging for freedom.They think dey can pfuck with General Muhammadu Buhari,the Lion of Asorock. |
Crime › Re: Three Cocaine Smugglers Arrested At Lagos Airport (Pics) by billyG(m): 11:21pm On Aug 13, 2016 |
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Travel › Re: Man Drugged, Dumped In Nigeria After Two Months In Swiss Jail (pic) by billyG(m): 10:38pm On Aug 13, 2016 |
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Celebrities › Re: Between Emeka Ike And A Mad Woman {pic} by billyG(m): 10:02pm On Aug 13, 2016 |
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Politics › Re: Attacked Jackson Adebayo Receiving Treatment (photos) by billyG(m): 9:15pm On Aug 13, 2016 |
sixtuschimere: Gunmen attack Ekiti PDP spokesman
The Publicity Secretary of the Peoples Democratic Party (PDP) in Ekiti State, Mr Jackson Adebayo, was on Friday night attacked by three armed men in Ado-Ekiti, the state capital.
Narrating his experience on Saturday after receiving treatment at a private hospital, Jackson, whose head was smashed with gun butt, said he was accosted by three armed men on a motorbike at Federal Housing Estate area of the town at about 9pm on Friday.
"I was going for a vigil in the church when three armed men on a motorbike accosted me. Two of them came down with their guns and started shooting sporadically. They started smashing my head against the hard asphalt on the road and the man on the bike ordered them to shoot me, but the men said they should leave me. D Dogs is demanding for their Bones.
"I wouldn't describe it as a robbery case because apart from my phone and tablet that they took, the money they found when they ransacked my pockets, was returned. Few days ago, I issued a press release on the purported trip of Mrs Aisha Buhari to America on behalf of our party and I started receiving threat calls on my phones.
"The callers were threatening me to leave the woman alone and few day later, this happened. We are in a democracy and we have the right to speak as a party. If anybody thinks by engaging in violence they can silence us and our party, they are mistaken. We are for the people and the voice of the people is the voice of God," he said.
Also commenting on the development, the State Chairman of PDP, Mr Gboyega Oguntuase, accused the opposition All Progressives. Congress (APC) of formenting violence in the state.
"APC are known for eliminating those against them. They killed no fewer than 12 people when they were in government here. From Chief Awolumate who was killed in Omuo-Ekiti, to Ayo Jeje and Juliana Adewumi who were killed in Erijiyan.
They also killed Foluso Ogundare in Emure-Ekiti to Chief Omolafe Aderiye that they killed in Ado-Ekiti, their stock in trade is murder of opposition figures.
"Since they have started to go for my executive and party members, we are calling on the people of the state and God to save us from their hands. They have failed to alleviate the economic woes in Nigeria and as far as we are concerned, we are committed to our goal of making Ekiti a better place to live in and we are for peace," he said.
Source: http://www.trezzyblog.com/2016/08/see-photos-of-ekiti-pdp-spokesman.html |
Career › Re: Akwa Ibom Workers Fast And Pray Over Unpaid Salaries. Photos by billyG(m): 8:41pm On Aug 13, 2016 |
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Agriculture › Re: List Of Made In Nigeria Rice And States by billyG(m): 6:59am On Aug 13, 2016 |
Dragonking: How can the farmers know that this government means business when 2016 budget is yet to be implemented since and we are in August leaving only 4 months left? Na wa for your level of reasoning o. Budget or No Budget did u see pictures of Rice produce locally,didnt d presido said nigerian shld farm?do u hav a farm?think of what u can do 4 yur country. |
Agriculture › Re: List Of Made In Nigeria Rice And States by billyG(m): 10:44pm On Aug 12, 2016 |
Dragonking: First question, where did I state that buhari that buhari should never go near agriculture? Question 2: how can buhari develop the agric sector when the budget is yet to be implemented and funded due to massive corruption, fraud and padding of this very government? U are d 1 that type this"If GEJ didnt do poo in the agric sector like you stated earlier, tell us why Buhari wants to adopt his concept and strategies. So agriculture is now Gej concept & strategies which he has COPY RIGHT over,no other person shld do it?continue...even if budget has not been implemented farmers,bizmen know this time around fed.govt means bizness in agric sector. |
Crime › Re: Man Murders Wife’s Lover In Ogun On Their Matrimonial Bed by billyG(m): 10:27pm On Aug 12, 2016 |
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Crime › Re: EcoBank Manager Diverts Customers’ N14m (photo) by billyG(m): 10:17pm On Aug 12, 2016 |
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Agriculture › Re: List Of Made In Nigeria Rice And States by billyG(m): 10:03pm On Aug 12, 2016 |
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Health › Re: Man's Kidneys Disappear In Adamawa After Operation by billyG(m): 9:51pm On Aug 12, 2016 |
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Agriculture › Re: Multi-trex: The Cocoa Factory That Must Not Die! by billyG(m): 6:30am On Aug 12, 2016 |
Omooba77: Last Wednesday, August 26, The PUNCH newspaper carried a story on its inside pages of workers protesting the continued closure of their cocoa-processing factory by Asset Management Corporation. ‘Workers protest factory closure, beg AMCON’ read the headline. The factory, Multi-trex Integrated Foods Plc, has been shut down by AMCON since June 26, after prolonged AMCON intervention (since 2011) that failed to restore the ailing company to good health.The Multi-trex case is a sad one. The company, within a very short space of its existence, became the exemplar of indigenous industry, showcase-able to the world of what Nigerians are capable of achieving if they put their minds to it. Multi-trex stood tall and clean, growing with impressive gallop to put an end to the anomaly of the country exporting its raw materials only to reimport them as foreign manufactured products.Multi-trex, from its very humble one-man cocoa business beginning of some years back, grew to employing hundreds of workers from the lowly unskilled to the highly skilled and management cadre, and becoming listed on the Nigerian Stock Exchange a few years ago to earn the PLC like a badge of protection it should be but isn’t. Conspicuous on the Lagos-Ibadan Expressway, the huge factory complex (on the left-hand side right after the famous “longest bridge” on leaving Lagos), was a beehive of activities and bubble until a couple of months ago when the “bubble burst” literally, with red inscriptions all over its walls visible from the expressway affirming the surreal lifelessness of the factory on the orders of the almighty AMCON.Let me quickly make a necessary disclosure: I am related to the founder/CEO of the company in question by marriage. Mr. Dimeji Owofemi is married to my niece, Monisola, whose mum, Mrs. Ajibike Ayeni (nee Fagbenle), is my eldest sister. But I assure my readers that my “intervention” in this matter is based on what I know of the company and what I believe the company represents for Nigeria and Nigeria’s desire to stimulate indigenous manufacturing.To move on, manufacturing business in Nigeria is almost tantamount to masochism; a business meant for those who simply enjoy inflicting pain upon themselves. Generally, it is treacherous and, depending on its scale, it is even a foolhardy adventure considering the myriad of peculiarly Nigerian hurdles, human and systemic, to surmount.But as far as the protesting Multi-trex workers are concerned, AMCON is the ‘bad guy’ that has come to deprive them of their livelihood. Some of the placards read: “AMCON please settle with our management and save our posterity;” “Save our families from hunger and increasing debt;” “We are willing to work, AMCON please reopen our factory;” etc. Multi-trex Management also views AMCON’s intervention that has now ended in the shutdown of the factory as premature, extreme, and unfortunate. The former Management of AMCON is blamed for this and an ulterior motive is impugned, which Multi-trex hopes the in-coming AMCON leadership should be wary of, lest it got misadvised into perpetuating an “injustice” and killing indigenous entrepreneurship that should be encouraged and supported.The nature and scale of the Multi-trex business deserves a little bit of mention to understand the magnitude of business entrepreneurship at stake. It is a wholly indigenous company with over 1,000 Nigerian shareholders. The installed capacity of its two factories, with 65,000 metric tonnes, cocoa processing equipment and machinery for manufacturing chocolate bars, chocolate drinks, etc, is the largest in the country. The first factory, launched by President Olusegun Obasanjo in 2006 has 15,000 tonnes capacity. The second factory also on the same site has a capacity for 50,000 tonnes. I am proud to say I was present and participated at its launch in 2009; jointly opened by Pastor E. A. Adeboye (General Overseer of The Redeemed Christian Church of God), and Alhaji Sa’ad Abubakar, the Sultan of Sokoto, and witnessed by Governor Gbenga Daniel.The company’s production of chocolate bars and spread was inaugurated in 2012 by President Goodluck Jonathan, and it has a capacity to produce over 30 million pieces of 16.5g bars per annum. Its chocolate beverage powder drink plant was inaugurated in 2013 by the then Minister of Agriculture, Dr. Akinwumi Adesina, now President-elect of African Development Bank. Its recently completed chocolate beverage liquid drink plant will manufacture over 16 million units of 30cl plastic bottles chocolate drink per annum.Apparently, Multi-Trex, as to be expected, owed banks hugely, the severest being N8.5 billion unpaid loans owed Skye Bank as of 2011. AMCON came in then and bought over the Skye Bank loan. Multi-Trex finance man, David Obijole, argued that the move was wrong in the first place as the company was still servicing the loan when AMCON bought it. “AMCON was supposed to buy non-performing loans from banks,” he says in the statement published in The PUNCH. “But our company’s loan was still performing when AMCON bought it over from Skye Bank Plc.”Matters became complicated as a result of later CBN directive, barring banks from further lending to companies indebted to AMCON above N5m. Multi-Trex operations became stifled and asphyxiated, a position corroborated by Mrs. Mobola Sanya, Head, Human Capital and Administration Services. “The company has been handicapped since 2011 when AMCON bought over our loan facility,” she said. “The company has not been able to access working capital thereby unable to pay back the debt it is owing AMCON. This has led to mass retrenchment of over 200 workers of the company and 50 other employees have been sent on compulsory leave without pay. About 70 staff members have not been paid salaries for 11 months. This has brought hardship to the affected workers and their numerous dependants with attendant loss of revenue to the country through export and foreign exchange generation.”PROSHARE, a financial information, intelligence and analyst services firm that claims to have investigated the Multi-Trex case, says on its portal: “That Multi-Trex Integrated Foods Plc, the flagship of the Nigerian cocoa-processing sub-sector, is today closed for business is unimaginable, with about 200 persons rendered unemployed and the modern processing plant and equipment exposed to vandalisation and disuse.“What immediately stood out as we embarked on this exercise was the undeniable trail of ‘institutional failures’ that laid the foundation for the shut-down of an otherwise viable entity and the wrongful tagging of an otherwise quality management that can hold its own within the ‘Trade Finance’ community as inept.” It went further: “The questions, concerns and inquisition were many. So, what went wrong? Who was culpable? How could a company that raised so much money, had an ultra-modern firm launched by the President, State Governor and Bank executives get to a stage of stagnation? What happens to investors now? The more we searched for answers, the more we saw how a series of policy changes, administrative inertia and indifference frustrated a well-intentioned entrepreneurial endeavour, a situation not helped by the regulatory framework that allowed the transfer of a performing loan to AMCON where new financial rules ensured it had no access to working capital legitimately.”Proshare corroborates Obijole’s opinion above, saying, “The (Multi-Trex’s) downturn was precipitated by the decision of Skye Bank Plc to place the Multi-Trex expansion-driven long-term loan with AMCON at a time it was performing which in consonance, the bank justified was motivated by the “…need to free-up liquidity for the bank, especially on the long dated exposure.”It continued in its blistering damnation of the system that kills that which should be protected: “This Multi-Trex case therefore offers much more than a story about the collapse of a company – it is the ultimate poster sign of all that was wrong with our financial markets, regulatory environment (lack of nexus between fiscal and monetary policies driving economic goals) and harnessing of resources to build a non-oil economy for Nigeria.”What is required now is whatever can save a company like Multi-Trex from going under. The new AMCON leadership could investigate and take a more lenient look. So, could the Central Bank of Nigeria provide a waiver, probably with the intervention of the Presidency in the manner it has done for the “distressed” states? Multi-Trex represents more than itself and the hundreds of workers and their dependants whose livelihoods are on the line.It is, as PROSHARE says, “The flagship of the Nigerian cocoa-processing sub-sector.” It deserves to live for all our sakes. And that’s saying it the way it is!
http://www.punchng.com/columnists/tunde-fagbenle-saying-it-the-way-it-is/multi-trex-the-cocoa-factory-that-must-not-die/ Efcc shld peep into d Board of Directors bank Account that is where all d money went. |
Politics › Re: FG Releases Detained IPOB Members by billyG(m): 3:30am On Aug 12, 2016 |
Freegift75: There was wild jubilation in the commercial town of Onitsha on Thursday after the federal government, through the Attorney-General and Minister of Justice, released all members of the Indigenous People of Biafra, IPOB, who have been in detention.
They were earlier arrested by various security agencies in Aba, Abia state, during their prayer rally in February.
A statement issued to newsmen Thursday in Onitsha, by IPOB’s Media and Publicity Secretary, Emma Powerful confirmed that their members had been released.
He said all IPOB members worldwide under the leadership of Mazi Nnamdi Kanu, the Director of Radio Biafra were commending the Attorney-General of the Federation, AGF and all those who had common sense to understand that all those arrested in Aba must be released.
Powerful described the freedom of their members as a good omen for the birth of Biafra.
www.dailypost.ng/2016/08/11/biafra-jubilation-fg-releases-detained-ipob-members/?utm_source=dlvr.it_dp1&utm_medium=facebook Buhari Thank u ooo!May yur Reign b Long!for IpOb,massob go & sin no more. |
Crime › Re: Five Men Gang-Rape Woman In Lagos, Demand N2M by billyG(m): 11:13pm On Aug 11, 2016 |
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Crime › Re: Man Flogged For Touching A Lady’s Buttocks In FCT by billyG(m): 10:36pm On Aug 11, 2016 |
NCAN chairman,Abuja branch confirm d name WILFRED INACHO is frm d eastside. |
Agriculture › Re: Rabbits To Buy by billyG(op): 1:10am On Aug 11, 2016 |
siryomecs: How many do u need Matured? Call me on 07034355644 or 08058901638. Or whatssap Yomi farms Are u based in port harcourt? |
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Agriculture › Re: Rabbits To Buy by billyG(op): 12:45am On Aug 11, 2016 |
bbmoringa: i have pure white of newzealand & mixed breed flemish in ado ekiti,if d quantity is reasonable,i can supply you in ph. Ekiti is too far i need a supplier in port harcourt or Aba. |
Politics › Re: FG Yet To Fix Refineries, 14 Months After by billyG(m): 12:24am On Aug 11, 2016 |
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Crime › Re: EFCC Arrests Impersonators Of Ibrahim Magu In Enugu (photo) by billyG(m): 11:23pm On Aug 10, 2016 |
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Crime › Re: Father Puts Pepper In Daughters Private Part by billyG(m): 11:11pm On Aug 10, 2016 |
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Agriculture › Re: The 2nd Most Prolific Animals!!! by billyG(m): 4:22am On Aug 10, 2016 |
Please add me to the rabbit group. 08050492446 |