₦airaland Forum

Deepzone

BIg Lie. No leader in Nigeria has done 25% of what Obasanjo did for Nigeria in just 8 years. That man nearly cleaned up all the mess mnade by the Northern elites. Only if he had 4 more years.

when IBB came into power, corruption was still at it infancy in Nigeria, by the time IBB left, corruption has been institutionalised, together with 419 and drug. There is nothing that would ever works with the present rate of corruption in Nigeria. OBJ lament the situation when he cried," if l have to work with a clean person there would be nobody to work with".

I agree with you, history will be kind to OBJ. In years to come historians would look back at OBJ period and give him the credit he deserve,

[size=17pt]yaraslow@Niger419.com/ng[/size]

those people must be from Ijebu, because l hear say Ijebu people sabi juju well well

Remember, na Ijebu Pa Adesanya of blessed memory come from, when dem Roger wan kill am, spray the car with bullet, na so Baba just disappear from him car

In as much as the news is very sad and made me almost burst into flames in anger. Your suggestion to end this misrule I have to say is flawed. The legislators, LGA chairmen and governors are from all parts of Nigeria and why do you think they would stop this jamboree if they were doing the same job in a new country?

a food for thought

yes, poor people should celebrate for the rich/corrupt politicians who have stock away millions.
Absolute nonsense! independence my ass!

e be like say madam waziri just love arresting youruba people

[size=15pt]EFCC arrests Ondo Accountant-General [/size]
Written by Dayo Johnson
Friday, 26 September 2008
OPERATIVES of the Economic and Financial Crimes Commission (EFCC), yesterday arrested the Accountant-General of Ondo State, Mrs. Folake Ogunnika.
EFCC sources said her arrest was to prevent the release of the N1bn unsecured loan to political office holders in the state.
But, the state government, in a swift reaction, described the invitation as routine and a normal administrative procedure.


The Information, Orientation and Mobilisation Commissioner, Mr. Eddy Olafeso, said: “We should not make a mountain out of a mole hill. It is not something that is serious. It is an attempt to clear the air on knotty issues.”


Olafeso, who blamed the opposition for EFCC's action, said their antics: “Would only allow us expose our records for the anti-graft agencies for perusal and would also put a lie to the insinuation of the mischief-makers and show them as enemies of this state.''


Meanwhile, Ogunnika was whisked away to Abuja by the commission's operatives who came in a white bus yesterday.
Investigation by Vanguard revealed that the operatives arrived Akure late on Wednesday and swung into action early yesterday by swooping on Ogunnika.


Confirming the arrest to newsmen on phone, the Director, Media and Publicity of EFCC, Mr. Femi Babafemi, said the commission was acting on a petition written by politicians in the opposition party in the state.


Babafemi said the Accountant-General was on her way to Abuja for interrogation.
Operatives of ICPC last month invited the Finance and Planning Commissioner, Chief Tayo Alasoadura; his Permanent Secretary, Mr. Abiodun Akinde and the Permanent Secretary, Local Government Affairs in the office of the Deputy Governor, Dr. Deji Akinwalere, for questioning over alleged diversion of councils' fund.


The Labour Party (LP), in the state had criticised the release of N800 million from the state treasury by Governor Olusegun Agagu for the payment of furniture allowances to himself and his aides.


LP's Director of Press, Mr. Kolawole Olabisi, also queried the release of another N500 million for the payment of car allowances to Agagu's aides in total abuse of the provisions of the Revenue Mobilisation Allocation and Fiscal Commission’s law.


The party expressed displeasure with the spate at which it alleged the state’s resources were being plundered by Agagu since the July 25, 2008 verdict of the Election Petitions Tribunal which nullified his election.


It, therefore, called on the Presidency to immediately direct the anti-graft agencies to probe the finances of the state.

source:http://www.vanguardngr.com/content/view/17892/46/

na today

[size=15pt]FIRS boss laments Nigeria's over-dependence on oil [/size]

Written by Samuel Oyadongha
Friday, 26 September 2008
CHAIRMAN of the Federal Inland Revenue Services, Mrs. Ifueko Omoigui-Okauru yesterday expressed fear that the country might not achieve sustainable growth if after 50 years of discovery of oil it is still importing fuel.
Mrs. Omoigui-Okauru who in a keynote address delivered at a Stakeholders’ Conference on Taxation with theme “Promoting Sustainable Development through Internally Generated Revenue and other Non Oil Revenue Sources in Yenagoa also lamented the nation over dependent on oil and gas revenue alone reliance describing the development as tragic.

The Federal Inland Revenue Services boss said though the issue of over dependency on oil revenue and foreign imports has deprived the nation of imaginative tasks, it is time to start finding ways of generating 20 per cent of federal revenue from non-oil sources to avoid heavy foreign debts and stunted growth.

According to her, the three tier of government will have to partner with the Federal Government and the legislative arms of government to create an enabling law that would ensure that sustainable development is achieved through non-oil revenues.

“As a country, we are far too dependent on oil and the spending on items imported. If you look down here, now many things around us are not produced in Nigeria. We buy cars, we do not make. We wear clothes imported from outside the shores of the nation. So what do we do? These are issues that we do not discuss.

Sustainable development depends on government assuring the citizen of qualitative life in education, food supply; Life where money is available, life which research and creativity are recognized and life where wealth is created to add value to the life of the people. It is tragic today that after over 40 years of the discovery of oil, we still import.

“The first step to giving the desired life to the people has been taken by Bayelsa State and that of the vision 2020.But even if the money are spent judiciously, does it translate to development. The issue of sustainability goes beyond provision of infrastructure but the culture and mindset of the people.

It means constantly seeking ways to innovate and provide skills that will ginger good economy. We need to create a new mindset in the people that earning money can be spent on locally made goods judiciously. We need to apply funds to create wealth and need the people to connect with the government to know and ask questions on money made and spent,” she said.

Mrs. Omoigui-Okauru, who used the Bayelsa total revenue between 2003 and 2007 as a case study that the years of depending on the revenue accruable through federal allocation, 13 per cent derivation and Value Added Tax said “we should start looking for other ways. We should move the IGR of the states to 20 percent of the nation’s revenue to avoid debt and promote sustainable development.”

Earlier in his address, the Bayelsa State Governor, Chief Timipre Sylva, who was represented by his deputy, Hon Peremobowei Ebebi said the issue of exploring the non-oil revenue by the present administration is being restrained by the existence of obnoxious residency clause and the behavioural attitude of the people towards the collection of Personal Income Tax.

The governor noted that the issue could only be corrected through the immediate initiation of a bill by the National Assembly to amend the existence of tax laws on residency.

“It is most unacceptable that in spite of the fact that Bayelsa State contribute well over 40 per cent of oil revenue to the national coffer, yet we are denied huge tax revenue from employees of the oil companies operating in the state due to the residency clause.

“Definitely, this has caused the state some economic setbacks as the only major source of revenue which is statutory allocation accruing to the state from the federal government is not enough to take care of the infrastructural demands and other challenges of development of the state,” he said.

Present at the forum were the Speaker of the State House of Assembly, Hon. Werinipre Seibarugu, the state Commissioner for Finance and Budget, Dr. Sylva Opuala-Charles , the Special Adviser to the Lagos State Governor on Taxation, Ade Ipaya and the Managing Director of Skye Bank, Mr. Akinsola Akinfenwa, captains of industry among others

source:http://www.vanguardngr.com/content/view/17871/44/

here we go again,
the pikin way say him mama no go sleep, him too no go sleep

[size=15pt]Man sues FG, wants declaration as natural Biafran [/size]
Written by Ise-Oluwa Ige & Ikechukwu Nnochiri
Friday, 26 September 2008
A Bonny Town-based businessman, Apostle Kalada M. Jene yesterday filed a class action before a Federal high court sitting in Abuja seeking to break away with his people from Nigerian enterprise and operate as Natural Biafrans.
Jene is also asking for an order restraining the Federal Government from interfering or inhibiting him and his followers from pursuing their rights to self determination.

Besides, he is asking for an order declaring that there is nothing in the 1999 constitution inhibiting him and his followers from breaking away from Nigeria .

In the originating summons filed by his lawyer, Amuda-Kannike & Co, President Umaru Musa Yar’Adua, the Federation Attorney-General, the Inspector-General of Police, the Senate President, the Speaker of House of Representatives and Chief Anthony Enahoro were named as respondents.

He said he was joining elder-statesman, Chief Enahoro in the suit because he was the person that moved the motion for Nigeria independence in 1959 and for which “our group and people have been conscripted into the Nigerian nation.”

He said that presently, “our group and people are not enjoying anything from the defendants other than intimidation, harassment and infringement of all our fundamental rights which are provided for under the said Nigerian constitution.

“That we have good reasons why we are looking for a way out to use legal means to form our own independent nation

That our group and people had participated on several occasions on non-violent agitation such as the famous “Kiama Declarations,” “Congress of Niger Delta Activist” on January 18, 2008 in which over 25 media houses were in attendance.

In the suit, he posed two fundamental questions for the court to answer including:

· Whether by the provisions of the 1999 constitution, especially sections 38, 39 and 40 of the 1999 constitution, the plaintiff can be inhibited from answering the name “:Natural Biafran” or associating with the said name

· Whether by virtue of the provisions of the African Charter on Human and Peoples Rights and that of the United Nations, the plaintiff can pursue a right of self determination lawfully without interference by the defendants.

Should the questions be answered in his favour, he is asking the court to issue him the following reliefs:

· A declaration that the plaintiff is under the 1999 constitution of the Federal Republic of Nigeria, entitled to answer the same and associate himself as a “Natural Biafran”

· A perpetual injunction restraining the defendants either acting by themselves or through their agents or privies from interfering with the rights of the plaintiff to answer the name and associate himself as a “Natural Biafran”

· A declaration that there is nothing in the 1999 constitution of the Federal Republic of Nigeria or any law at all which inhibits the plaintiff from pursuing his right to self determination in a lawful manner.

Although the court processes had been served on the defendants, no meaningful developments had taken place in the case.

source:http://www.vanguardngr.com/content/view/17883/47/

[size=15pt]Produce Maasaba in court, judge orders prison boss[/size]

Lanre Adewole, Abuja - 26.09.2008

Justice G.O Kolawole of the Federal High Court, Abuja, on Thursday ordered the Nigeria Prison Service (NPS) to produce super-polygamist, Alhaji Bello Maasaba, in person in court on October 27.


He gave the order at the resumed hearing of a suit filed by Maasaba challenging the fatwa passed on him by the Jamatu Nasril Islam, an Islamic group in the North, for marrying 86 wives.


The judge also condemned the arraignment and detention of Maasaba in prison by an Upper Sharia court in Minna, Niger State, despite his earlier order stopping the arrest and detention of the controversial Islamic scholar, pending the outcome of the suit before him.


Justice Kolawole had ordered all parties in the case to stay action in the matter pending determination of the motion on notice in the case, when Maasaba raised the alarm that his hecklers were planning to arrest him.


The judge also gave Maasaba the go-ahead to serve all the court processes including the motion on notice on all the defendants while yesterday was given as a return date.


Against the court order, Maasaba was, last week Tuesday, arraigned before an Upper Sharia court in Minna, where he was ordered to be remanded in prison custody until October 6.


While expressing surprise that his order that the man should not be arrested was defied, the judge insisted that as a superior court, it was necessary for him to know if the respondent had infringed on Maasaba’s fundamental human right.

source:http://www.tribune.com.ng/26092008/news/news16.html

[size=15pt]Nigeria recorded N1.5tr FDI in 2007 - World Bank[/size]
26.09.2008

Nigeria recorded N1.5 trillion Foreign Direct Investment in 2007, according to the 2008 World Investment Report.


The report, subtitled “Transnational Corporations and Infrastructure Challenge,’’ was launched on Thursday by the Nigerian Investment Promotion Commission (NIPC).


The News Agency of Nigeria (NAN) reported that the report was released simultaneously in 141 countries on September 24 by the United Nations Conference on Trade and Development (UNCTAD).


The report showed that the FDI dropped slightly from N1.6 trillion (13.9 billion dollars) in 2006 to N1.5 trillion in 2007.


Alhaji Mustafa Bello , the Executive Secretary of NIPC, who presented the report, said it was to review where each country’s FDI stood to benchmark its developmental parameters.


“For the NIPC, this report is key because we facilitate investments. We are still not where we should be as far as FDI is concerned, in spite of our potential,’’ he said.


Bello, who was represented by Mr Stephen Amase, the Director, Finance and Administration, said the focus of the report on infrastructure was critical to inflow of FDI into the country.


He expressed regret that critical indices such as power, transportation and water had continued to make the country unattractive to investors.


Bello cited countries such as Singapore and Malaysia that “depend mostly on their infrastructure to attract investors.”

source:http://www.tribune.com.ng/26092008/news/news6.html

[size=15pt]FG bans tokunbo cars - Of 10 years and above - Reduces duties on raw materials from 10% to 5%[/size]Gbola Subair, Abuja - 26.09.2008

THE Federal Government on Thursday announced the ban on importation of used motor vehicles above 10 years. Buses and trucks, no matter their age, are, however, excluded from the prohibition list.


This was part of the implementation of a new regime of customs and excise tariffs.


Other measures taken include reducing the duties paid on primary raw materials from 10 per cent to 5 per cent.


The new regime of tariffs, which takes immediate effect, also prohibits the importation of textile fabrics and articles thereof, including Hollandis, English Wax, Ankara, lace fabrics, wedding gowns and ceremonial apparel, second-hand clothes, rugs and carpets, as well as recharge cards.


These were made known by the Comptroller General of Customs, Hamman Bello Ahmed, while addressing the press on the 2008-2012 Nigeria Customs and Excise Tariff Book at the headquarters of the Federal Ministry of Finance, Abuja.


Other items on the new import prohibition list include beer and stout, plastics in the form of forks, spoons; toothpicks, retreaded and used tyres, cases, boxes, cartons made from corrugated materials, footwear, suitcases and sports wear.


Others on the prohibition list are furniture items of any type, except baby walker; ball pens, including refills.


Earlier in his speech, the Director General of the Budget Office of the Federation, Dr. Bright Okogu, had disclosed that the 2008-2012 tariff book was a second attempt by Nigeria to harmonise its tariff regime with the ECOWAS Common External Tariff (CET).


He observed that as part of the efforts of the government to harmonise its tariff regime with the ECOWAS CET, the 2005-2006 Nigeria Customs and Excise Tariff book was released on 1st October, 2005.


“The 2005-2006 Tariff Book had 60 per cent of its duty harmonised with the ECOWAS CET. However, realising the weak nature of the ECOWAS CET in providing protection for infant industry, Nigeria proposed a fifth band of 50 per cent duty rate. Thus, unlike the ECOWAS CET which has four tariff bands of 0%, 5%, 10% and 20% duty rates, the Nigeria 2005-2006 Tariff Book has five tariff bands, namely 0%, 5%, 10%, 20% and 50% duty rates,” he further said.


According to the Director General, the features of the 2008-2012 are: “It has five categories of customs duty, namely: category 0 (0%) for necessities such as most educational materials, etc; category 1 (5%) for primary raw materials; category 2 (10%) for intermediate products, e.g CKD refrigerators, CKD television; category 3 (20%) for finished goods that are not produced locally and which require no protection, e.g. television, refrigerators, generators, etc; category 4 (50%) for finished goods that are manufactured locally and which, therefore, require some protection in the interest of promoting local industries.”

Other banned items

Wedding gowns
Recharge cards
Second-hand clothes
Beer and stout
Hollandis
English wax
Ankara
Lace fabrics
Ceremonial apparels
Rugs and carpets
Plastic forks, spoons
Toothpicks
Retreaded and used tyres
Cases, boxes
Footwears
Suitcases
Sport wears
Furniture items

source:http://www.tribune.com.ng/26092008/news/news1.html

well done boy

[size=15pt]Nigerian boy wins Russian award [/size] By Agency Reporter
Published: Friday, 26 Sep 2008
A Nigerian boy, Tobenna Nnabeze, has been granted an honorary ambassadorship of Russia after he came third in a drawing contest in the Russian Federation.

The diploma and cash award won by Tobenna, a student of the Dennis Memorial Grammar School , Onitsha were presented to him at Government House, Awka on Thursday by the Russian Ambassador to Nigeria , Mr. Alexander Polyakov.

source:http://www.punchng.com/Articl.aspx?theartic=Art200809261357712

Our problem is not new law, our problem is corruption. we have enough law in the statue book to last a generation. if you can solve corruption, all other things will fall into place

l no sabi which branch them come from

Hmmm !
provided . . . . ;

[size=15pt]Nigeria has potentials to lead the world — Israeli envoy [/size]
Written by VANGUARD
Thursday, 25 September 2008
Israeli Ambassador to Nigeria, Mr. Moshe Ram, has posited that Nigeria has the material and human resources to be the leading country in the world. Ambassador Ram said this in Osogbo, Osun State, yesterday when he called on Governor Olagunsoye Oyinlola.
He said with the endowment of natural resources, Nigeria could be atop if the resources were properly harnessed.

Ram opined that what his nation, Israel, lacked in natural resources, it has in human resources, which, according to him, had been used to turn round its fortune.

With commitment and development of the educational sector, the Ambassador said Nigerians too could positively change the face of their country.

Ram, who commended Oyinlola for the development of the state, said the country could better be appreciated when every part is touched.

“Nigeria can better be appreciated when one visits other parts outside Abuja. This is a great country.”
In his remarks, Oyinlola noted that his administration’s partnership with Israel had been successful.
According to him, no nation could be developed without recourse to education, adding that his administration has given adequate attention to the sector.

The governor added that a number of exchange programmes had taken place between the state and Israel in the areas of education, agriculture and others.

He said efforts would always be made to foster broader unity for the benefit of the country and Israel.
Meanwhile, a memorandum of understanding has been signed between an Israeli firm and the state on waste management conversion worth $10millon.

source:http://www.vanguardngr.com/content/view/17839/43/

[size=15pt]I won’t mourn my son any more - Dele Giwa’s mother - Set to celebrate 85th birthday[/size]Shola Adekola, Lagos - 25.09.2008

MRS. Elekiah Ayiyi Giwa, mother of late Dele Giwa, is set to cast off her toga of mourning as she plans to mark her 85th birthday and pray for her son’s killers, 22 years after he was killed.


Dele Giwa, the founding Editor-in-Chief of Newswatch magazine, was killed with a parcel bomb during the regime of General Ibrahim Babangida on October 19, 1986.


Explaining why she wanted to mark her birthday, having turned down such gesture from her children in the past, Mrs. Giwa said the devil had planned for her to go to her grave in sorrow, but she chose to do otherwise.


According to her, the last time she marked her birthday was before the death of Dele.


“I could not see a reason to celebrate. Dele was to me a cloth. You don’t expect a naked woman to go dancing in the market place if she is sane,” she said.


The octogenarian said she had left in the hands of God, circumstances surrounding the death of her son.


She said the birthday celebration would include a thanksgiving service for Nigeria’s deliverance from claws of the military and a prayer that democracy be sustained and its gains consolidated.


She said she would also use the occasion to pray for General Babangida, Halilu Akilu and Colonel Togun and their collaborators to “live forever.”

source:http://www.tribune.com.ng/25092008/news/news12.html

Baba Iyabo gone back to school, and he require a library to study
Olodo rabata

[size=15pt]Soyinka: Obasanjo Library, Nigeria’s Worst Executive Extortion[/size]
From Ahamefula Ogbu in Port Harcourt, 09.25.2008

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Noble laureate, Professor Wole Soyinka.,  has described the Presidential library project of former President Olusegun Obasanjo  as the “Most nauseating exhibition of executive extortionism” in the country which should not be allowed to stand.  
Soyinka said this  at the opening ceremony of the Garden City Literary Festival in Port Harcourt, Rivers State organised in honour of Captain Elechi Amadi by the Association of Nigerian Authors.
He  also said that contrary to the much held view that the Institute of Black Culture and Understanding had been sited within the Library project,  nothing of such had been done.
“I want to make it clear, because there are so many distortions by sycophants of the owner of the private property. Nobody in his right mind in this continent would object to the siting of the International Institute for Black Culture and Understanding in Nigeria.
“I see nothing cultural at all in that project called Olusegun Obasanjo Presidential Library. So, this attempt to launder that presidential library which is the shame of our nation,   through the UNESCO, on the back of a genuine cultural project and genuine exercise in international understanding is to me an insult to the nation that should be fought to the last stage”, he said.
According to him, UNESCO was yet to take a stand and until Tuesday next week, no one can say where it had been sited, adding, “It is a lie to say that UNESCO has taken a decision on it. The first step will be taken on Tuesday in Paris and it ís only after that the Executive Council will send the project to the General Assembly.”
In his speech titled ‘A Transformation In Letter And Spirit? Laundromat Latest’ ,  Professor Soyinka said, “The question that sticks to the throat is why site such a project, given its  raison d’etre, in the Olusegun Obasanjo Presidential Library? Why? Why? Why? And why does UNESCO, despite its nuanced distancing from the choice of location, why does this globally respected institution, however tacitly, involve itself in the endorsement of such a dubious location?”
“The question that sticks to the throat is- why site such a project, given its raison d’etre, in the Olusegun Obasanjo Presidential Library? Why? Why? Why? And why does UNESCO, despite its nuanced distancing from the choice of location, why does this globally respected institution, however tacitly, involve itself in the endorsement of such a dubious location?”
Butressing his argument, he said:
“It is weird, extremely weird that any mind with a sense of political and ethical honour should choose to site an institution for International Understanding within the premises of the man whose eight years of governance, marked by a consistent contempt for, and defiance of the rule of law, as earlier mentioned culminated in the murder of Democracy in his own nation in the 2007 Nigerian elections.This, let it be
recalled, merely followed a crude, corrupt, bulldozer effort to subvert the nation’s constitution and award himself a third year in office. This totally avoidable dispute constitutes a legal question mark and a moral soul-searching for UNESCO, for the nation, and for cultural and intellectual forces everywhere.”

source:http://www.thisdayonline.com/nview.php?id=123495

[size=15pt]Man arrested with 9 human skulls in Lagos[/size]
Olalekan Olabulo, Lagos - 25.09.2008

The police in Lagos State on Tuesday night arrested a man with nine human skulls which were reportedly exhumed from a cemetery in Akoka area of the state.

The suspect, Tunde Adenuga, a 42-year-old indigene of Ondo State, was arrested around 11:00 p.m. by policemen from Sabo divisional police station after trailing his activities at the Atan Cemetery in Akoka.


The father of seven, however, confounded everybody while being paraded when he said his belief in horoscopes, which said children born on November 19 will make fortune digging graves, led him to the act.


Adenuga was paraded alongside five suspected robbers and an impostor on Wednesday before newsmen by the state Commissioner of Police, Mr. Marvel Akpoyibo, at the police headquarters in Ikeja.


Adenuga told journalists that he had been in the business for a long time.


He claimed to be a former cemetery worker, pointing out that he was formerly using the skulls for rituals himself until he met a buyer he identified as Sulaimon Ogunyemi, a herb seller at the Awolowo Market in Mushin.


He added that his Tuesday trip to the cemetery was inevitable as he had to source for fund to finance a new accommodation since he had been given quit notice where he lived.


The suspect also claimed that he exhumed the skulls from the temporary site of the cemetery since tombs at the site were not well cemented.


Also paraded alongside Adenuga were four suspected armed robbers who allegedly invaded a building in Lafiaji area of Lagos Island and robbed the occupants of valuables.

source:http://www.tribune.com.ng/25092008/news/news3.html

china obviously doesn't want a weakened dollar, that's one reason china rigidly controls the value of the Yen

China is currently holding about a trillion dollar in US bond, a weakened dollar will affect the value of those bond. It need need to keep the value of the yuan weak comparative to the dollar , this would boost its export by making its good cheaper on the world market.

This is one of the prime objective of SAP, structural adjustment programme, that was introduce by IBB regime. The idea was to make export cheap while making import expensive. This is expected to boost the economy and create a demand for goods and services which would led to capital inflow. For the idea to work you need an enabling environment and the right infrastructure. But IBB institutionalised corruption and destroyed the system. Corruption is like a leaking bucket, no matter the amount of water poured in , all would be drain out. If you dont solve the issue of corruption in Nigeria , nothing will work.

If IBB had stayed true to his programme, Nigeria might be on the same par like China today, but the bastard choose to destroy the country by legalising corruption.

blackspade

I never said China would be immune to the economic downturn of America, I'm just saying it won't make such a big dent in the Chinese economy like some are trying to suggest. China and America have a unique relationship, and they both depend on each other. But, with this American economic downturn, China does have the upper-hand.

l disagree with you. A downturn in US economy will have a serious impact on china, least china holding one trillion dollar bond make it vulnerable. If US is to go into recession, the dollar will take a hit and this will affect the value of the trillion dollar bond held by china, which will impact it monetary  reserve and currency, yuan; which would affect  its micro and macro economy.

US is the engine room of world economy, a serious downturn in US will have a ripple effect all around the world, this would affect many countries which also trade with china. For example it would affect Japan, trade between japan and china would also be affected. Most of the top investment companies/ hedge fund in America are the same firm investing in japan , china, Europe. Its a small world and we are closely interconnected, what affect the eyes will affect the ears.

A downturn in economy will impact china severely, with a population of more than  1.3 billion and a political system unstable and in transition, they are in a precarious situation. Social stability in china depend on booming economy and the ability to feed more than 1.3 billion  mouth.

but why did that osufia guy sing that kind of song nw. . . .

l dont think he realise the implication of the song

Yaradua is sick, Nigeria is sick, both are in intensive care awaiting surgery

[size=15pt]Yar'Adua's absence stalls UN talks on Bakassi[/size]

Meets on Mbeki as parliament okays President's exit
From Laolu Akande, New York
PRESIDENT Umaru Musa Yar'Adua's absence at the United Nations (UN) General Assembly debate, which kicked off yesterday morning in New York, United States (U.S.), has affected the Nigeria-Cameroun meeting planned by the world body.

As at yesterday, 79 heads of state and 38 heads of government had shown up for the summit. However, the session did begin without the absence Yar'Adua and his South African counterpart Thabo Mbeki causing ripples at the UN headquarters.

On Monday, 26 heads of state and nine heads of government had participated in the UN special summit on African developmental needs convened by the UN Secretary-General Ban Ki-Moon, where both Yar'Adua and Mbeki were scheduled to feature. Mbeki had already announced his resignation from office.

United Nations spokesperson Michelle Montas disclosed that a meeting Ban had scheduled to hold with Yar'Adua and President Paul Biya of Cameroun had been cancelled at the last minute because of the Nigerian leader's absence.

Montas said on Monday afternoon that the UN scribe got wind of President Yar'Adua's decision not to attend the summit "only yesterday," meaning Sunday. That meeting that all the three leaders had intended to hold was to review the Bakassi Peninsula handover, which the UN had supervised.

A source said Nigeria simply missed an opportunity to celebrate the country's magnanimity on such a critical opportunity.

A statement from the UN Secretariat on Monday, said "in the light of the fact that the President of Nigeria, Mr. Umaru Musa Yar'Adua, will not be attending this year's ordinary session of the General Assembly, the high-level meeting between the Secretary-General and Presidents Paul Biya and Umaru Yar'Adua, initially scheduled for this afternoon, will not take place as planned."

source:http://www.guardiannewsngr.com/news/article01//indexn2_html?pdate=240908&ptitle=Yar'Adua's%20absence%20stalls%20UN%20talks%20on%20Bakassi

the militants should send their names to Abuja, so that street can be named after them

[size=15pt]Militants recover stolen police weapons in Ondo    [/size]
Written by Dayo Johnson     
Wednesday, 24 September 2008 
ASSORTED weapons including 10 AK 47,  two pump action, two  G3, two FLC and hand grenades were yesterday handed over to security agents in Ondo State by militants operating in the creeks of the state.
The weapons were reportedly stolen by armed robbers from the Ode-Irele Police Station three weeks ago.

The militants handed over the recovered weapons to the State Director, State Security Service (SSS), Mr. Boma Spero-Jack, and the Police Commissioner, Mr. Charles Dawodu, at Agadagba-Obon in the Ese-Odo Local Government Area.

The spokesman for the militants, Mr. E. Lubi, said yesterday  that the weapons were recovered from a gang which claimed to be a militant group at their den in the creeks of Edo State.

Source: http://www.vanguardngr.com/content/view/17753/46/

Rhino

Then let people just vote and stop the lunacy of power rotation, for God's sake this is not kingship, but presidency

Sorry, election dont work in Nigeria, the person that rig most wins. That is the reason we introduce power rotation to complement our ethnocracy - democracy, and ensure that the national cake goes round among some selected few.
Its a vicious circle.