₦airaland Forum

Spy360:
You are isolating two seasons for Van Persie but taking 6seasons for Giroud. That's not fair. Giroud wasn't exceptional but he was average in terms of being useless either. He is just a normal striker. He is currently the record goal scorer for France. If this does not mean a thing to you guys then no apologies.

Oga the discussion is about who was a better striker for us and clearly it is Van Persie. He scored 30 goals twice and 18 goals twice. Giroud highest was 16 and he only managed to achieve that twice.

E say that's not fair . Na me hold him leg and head not to score while his mates are scoring?

Maybe u don't know that Wilfred Bony of Swansea (A much lower quality team to Arsenal) that year sef score 16 EPL goals in two seasons.

liveLongNprospa:
OH the issue with the deal is the interest rate.
But I just dey point out the fact say TOE Don dey benefit from this FG 😁

E be like say u no know TOE, he's all about the Benjamins na.

GloriousGbola:
My old place had a terminal that was from the 70s. The company's crown jewel. We were looking for oyibo partners and these people came in for an assessment of the company's assets. They told our ogas at the top your terminal has a net book value of zero.

It was after that management went on a gradual process of demolition and reconstruction within the terminal. The difference is that this was a terminal for fuel storage, so no need for any 'refurb' - just dismantle the tank and build and new one in it's place.

If anyone is to look at the actual numbers involved on the refurb of the refineries vs cost of construction of a new one I am sure we will find the rehabilitation was a bad financial decision. I expect the refurb to work because Buhari did engage professionals - but will still amount to a waste of funds driven by nostalgia for a business model that failed from day one.

I was going to ask: "Why has no government even come up with an idea of building a new refinery instead of the perennial turnaround maintenance ?"

At least we can't claim Dangote who sat down to conceive the idea of building a new refinery is richer than Nigeria. All the money Buhari was borrowing from international organizations and spending on infrastructures that can't pay for themselves, if he at least built one refinery his name won't be forgotten.

Itsrm:
The man I even got from didn't get the one from SIM. Said it was "colonised" by SIMs loyalists and that no one wants to be seen frolicking with them.

Dem still carry their feud and show of loyalty reach sharing of rice ? Even as rice dey expensive reach ?

liveLongNprospa:
I'm looking for the one from the Cable
Apparently they updated the figure to 66m dollars

https://www.thecable.ng/exclusive-nigeria-to-pay-afrexim-nnpc-3-3bn-loan-with-12bn-worth-of-oil/amp

lol

It's normal for any entity that arranged a facility to get a fee for their service na. Going by the nairametrics link u posted earlier , its AfreximBank and UBA that are the international & local arranger respectively so the $66m or 2% fee will go to them. I don't see any cause for alarm here.

If UBA was not the local arranger it would have been any other bank like StanbicIBTC, StanChart, Access, etc. Except the issue u have with the facility arrangement is that the terms are not favorable to us as regards the interest. Well, the interest rate may be due to our existing foreign debt, risk of deafault or any other factor.

It's now the job of analysts/media to analyze it and tell us maybe we didn't make the best out of the deal as much as we could.

Spy360:
Lol @ bolded.

When I gave the illustrations below pix, that is exactly what I meant. Take away his last season for Arsenal and RVP would have been completely anonymous and below average. Whereas Giroud howbeit not spectacular but was consistent in delivering double figures throughout his stay apart from his last season.

How can u take away his last two seasons? Everybody that watched Arsenal knew Van Persie was almost always injured which frustrated him and the fans alike.

When he was eventually healthy he proved he was not an average striker like Giroud was all through his stay at Arsenal. I see u struggle to accept Giroud was average all through his stay, but it is what it is.

Their goal haul is there for everyone to see na Haba!

Itsrm:
Lol, I no even get up to quarter bag. Just some from the youth leader of my area. Certain privileges are difficult to get if you're not a party member.

Na una "Oyel" money, make una collect from both parties and chop am

liveLongNprospa:
The picture I shared.
It's written there.

https://www.google.com/amp/s/nairametrics.com/2023/12/31/nigeria-receives-us2-25-billion-loan-from-afrexim-uba-acts-as-key-local-arranger/%3famp=1

Nothing in this link suggested UBA or Tony got $300m na

afrodoc2:
Let’s assume God wants to help Nigeria, if he remembers Ajaokuta he will change his mind.

TrebleChamp:
Was this not one of reasons CBN gave him cheap dollars to finance the construction of his refinery? Make we dey watch the film dey go 🙂..

Just dey play!

No be the same government sell us hope that when Dangote refinery gets completed we will breath fresh air as far as hike in cost of pump price is concerned. Were they not the same people that turned back and said " No be so o" ?

Dangote refinery is a private company which Nigerian government has just 20% shareholdings inside.

afrodoc2:
There are people who graduated from Uni and got jobs at Ajaokuta, worked until they retired, and are now drawing pension, yet nothing tangible ever came out of the project.

GloriousGbola:
I have an uncle who I believe worked there his entire career

Chai!

The place was work-in-progress for almost 30 years ?

liveLongNprospa:
He's the one that arranged the loan apparently

Okay, so how did u come about the $300m he allegedly got for the deal?

afrodoc2:
Ajaokuta is the most egregious example of this.

I read one article about that Ajaokuta steel mill; omo we are wasteful in this country. And we have extremely wicked people that don't care wheter the country goes broke, so far their pockets get lined they are fine

TrebleChamp:
NNPCL said they are installing state of the art equipment at the Port Harcourt Refinery, so we wait to see whether it is the usual lamba or not. I doubt the old refineries can compete with Dangote and Bua's bigger and more modern Refineries though. If Tinubu's Govt (miraculously) succeed in getting the 4 Nigerian Refineries to work, i would advise that the Refineries focus on refining PMS/DPK/AGO/Aviation Fuel/CNG for the Nigerian local market, while Dangote, Bua and others refineries can focus on exporting their product to bring in Forex.

U think Dangote will bring in Forex for this country ? He will most likely be looking at spreading his tentacles to more economically stable countries na.

Ballzproblem2:
Understand Romeo Lavia has suffered bad bruising to his thigh and could be out for a few weeks.

Chelsea not set to rush him and its another blow for the Belgian midfielder. #CFC


nawao

Dr. Lavia

He supposed get him own ward for una Chelsea clinic

GloriousGbola:
Of course labour unions kicked agaisnt selling the refineries

in addition to being a conduit for wasting money, the refinereies are a waste of wages.

people literally do nothing in kaduna refinery year in year out and get paid salary

https://ibekachikwu.com/nigerias-nnpc-publishes-financial-statement-for-2018/



as an aside looks like kachikwu picked a page from obj aand iweala and created his own narrative for future discussions on him

i think yarduas issue is that he was like buhari - someone fixated on government running businesses

I remember that time they pointed it out that how can they be paying salary to staff of a company that doesn't produce anything & running at a loss; the excuse was that if they don't keep the staff of the payroll the whole equipment in the plants will go to rot. They claimed the staff need to remain to maintain the equipment.

I think u are right about Yar Adua, he's more of a Buhari type of person. They hold socialism so close to their chest

Spy360:
There's what is called limit of tolerance. I hope our tolerance doesn't exceed that price.

If Northerners never ready to join the protest, the government will still find way to bring it under control.

If any revolution will succeed in this country, it must start in the north.

My reason for saying this is very simple; the southerners can easily be divided by the government along tribal lines, religious lines, cultural lines and so many other lines u can think of. The northerners are much more homogenous in their culture; once they band together to take a course of action they are mostly indivisible.

I may be wrong tho, but that is what I think

Person wey score 30 goals in 2 different seasons and 18 goals in 2 different seasons, shey na mate with person wey score just 16 goals in 2 seasons at his peak ?

NB: The former is injury prone while the latter is one healthy sexy moda4ka

TrebleChamp:
True. One can even guess that Pres. Yar'Adua was pressure by powerful people to reverse the sale, since the refineries present probably their biggest avenue to loot the Country without fear of probe. NNPC doing turnaround maintainance on our refineries for years without any end result can be considered the biggest scam ever, we wait to see if Tinubu Presidency will finally get the refineries working again....

Maybe there were powerful hands behind the scene pulling the strings, u never can tell. But the Labour unions and the media kicked against the sale & they were very vocal about it.

The real question is, even if the refineries are eventually turned around successfully can they compete with refineries built from scratch with new modern technology? If the MD of shell as at early 2000's advised Obasanjo to do away with the refineries, does it not suggest that some of the technologies put to use in those refineries are almost obsolete?

liveLongNprospa:
Ibime Itsrm BlueRayDick
Abeg na 300m dollars Tony Elumelu collect for this deal as loan arrangee?

I didn't see any Tony Elumelu or $300m in the screenshot. Maybe u should share the full article so I can understand the full gist.

TrebleChamp:
Dangote used that refinery construction to milk Nigeria off huge dollars, i read a report online years back on this same matter. Reason why i don't hype him that much, cos the man sef follow dey do Nigeria shege....

Who go see mugu and no go chop am ? Shebi dem see Buhari and his Cabinet like that and dem use their head.

But las las, as much as we may want to canonize Yar Adua for the few years he spent at the helms of affairs in this country & things were going smoothly; the truth must be told. If Yar Adua had not reversed the sale of the moribund refinery to Dangote & Otedola backed Consortium that year, we would not be in this position now.

We would by now have at least one working refinery run by the private sector and nobody will be talking about any round tripping of dollars resulting from Emefiele making dollars available to Dangote Refinery at official rate.

afrodoc2:
I am a child of God o jare.

Look at the person saying i am the most spoiled here.

Ebuka na Otem priest na , he wan go spread the gospel of Otem at the ashawo house

daveP:
This is mainly Arsenal stats for both. The one i deliberately left out. 8yrs for Persie. 6yrs for Giroud. Lol.

Just leave spy to be grasping at straws wey no exist. He thinks all of us here got our certificates from Togo & Benin republic

Ebukacute:
Na you spoil pas everybody for here doc. Who do you this thing.

U don see doctor wey no spoil before ?

GloriousGbola:
We had an internal issue some years back. The company was getting forex from cbn to buy product. One dude in finance had our cfos password and token and was buying forex from cbn and running his own transactions. It blew open when the company made a request from cbn for forex and they were like we gave you guys forex a week ago.

The officer running the scam was doing his own round tripping or something. Anyway the long and short of it was he had made a fuckton of money and he had an escape plan. And he japaed. This was 2013/14. The cfo (who had always been an overly trusting person and a little dumb imho) had to resign.

Some ogas are very casual about allowing subordinates to use their credentials, especially for tasks that are crucial but tedious.

But the real fun part of the story - the oga Pata paras at the top reached out to the guy in the abroad and
rehired him. Apparently they wanted to know exactly how he did it.

Normal level! Some companies who get forex from CBN get people wey dey run some of these things lowkey for them.

Na who dem catch with evidence be thief

GloriousGbola:
It is the Nigerian attitude towards loans. The average Nigerian sees a loan as free money. Go to any thread where loan apps are being discussed and you will see Nigerians aggressively defending taking loans and not paying back. And this is a problem across all strata of society - since we have so many so called billionaires who also take loans with no plan or intention of paying back

I was at a bank last week having a chat with the customer service and beside me was another guy who came to complain at the customer service he received a debit alert around 2.am for a transaction he never initiated.

The customer service lady requested for his account details and spooled his account for details of the transaction. She asked if he has any sports betting account linked to his account and he responded No. After further review of his transaction details she asked if he took loan from a particular loan company and he answered yes.

After further probing from the lady, he confirmed he was due to pay them at a particular due date but his account was not funded. As soon as his December salary entered , those ones just collect their money while he was sleeping at 2.am . He was now saying he's confused because he logged on to his loan app and it still shows he has outstanding with them (obviously the debit has not yet reflected because he came to the bank around 8.15am). I been wan laugh but I just comport myself make the guy no change am for me

He came with the mindset of fighting with them in the bank that they did unathorized debit on his account, only for the bank to let him know that they didn't initiate the transaction but he did based on whatever document he had sign with the loan app company.

larride:
I dey read people lamentation on that post dey laugh. They prolly think it's free money that's why they agreed to those agents taking cuts from money they will pay back.

Every single person wey dey work for that NISRAL suppose dey efcc net like this from their DG down to each of their field staff.

You know a lot of people most especially in the northern parts of the country where they do more of agric got money from Anchors borrowers and didn't pay back. I'm sure most people who took this NISRAL own took a cue from that. It may even be a case of those who missed out on Anchor borrowers making it a point of duty that they will not miss the NISRAL largesse.

Good for them sha. We cannot be complaining Nigeria is too indebted and we ourselves don't want to pay back our loan from government. At least this will serve some of them a lesson that sometimes awoof dey run belle

GloriousGbola:
i was wondering the same thing - as in why would EFCC be going to Dangotes office to look for records of forex transactions when CBN should already have copies of all these records in their possession

the real problem is that EFCC is only good for media performances and not actual convictions

that Dozzy guy being investigated by the Feds is blowing the usual grammar, but when you are indicted by the US DOJ, your goose is already cooked.

The bold is the crux of the matter. EFCC is good at issuing press statements, "storming business premises & residential premises of suspects", doing detention here and there, etc and after months of court hearings the suspects will walk and sometimes the court will even order EFCC to pay the suspects damages.

In this Dangote and others matter, u will be surprised that some of the professionals who train EFCC operatives even consult for these big companies in different capacities. People who divert forex are not dumb enough to leave their yansh open na

GloriousGbola:
https://www.nairaland.com/7958443/efcc-probes-dangote-bua-50

Seems chickens may be coming home to roost for dangote.

Most of the companies involved are really big companies that have smart & experienced financial analysts , accountants and auditors in their employment . They also have standard legal departments and have big law firms on their books .

Dem go don clean up the house tey tey. Whatever EFCC will come up with eventually at the end of their investigation may not amount to much as far as indictment is concerned in the long run .

Spy360:
Giroud had a goals per games ratio of 0.42. In simple terms that means he would be scoring 42goals in 100 games. In comparison, Adebayor will score 43 in 100; while van Persie will score 47. The only person out of that class will be Henry who will score 60 or Lacazette who will score 36. Based on the evidential analysis above, no one should call Giroud useless. Call it amala or whatever delicacy that irritates you, it remains fact.

Lmao.

Na people wey no know ball go dey follow u do this kind yeye argument. Shebi na the same minutes Van Persie that is always injured and Giroud that is mostly fit played for Arsenal?

U think say u dey wise? Go and bring their goals vs minutes played in an Arsenal shirt; I don pass people u go dey use bias stats draw into nonsense argument that will spiral into series and series of Amala turning.

If to say I no dey alive or I no get access to TV when Giroud played for Arsenal it would've been another thing entirely.

Spy360:
First of all, this argument is not about Giroud Vs RVP. It was some of us that brought that up out of desperation simply because I brought out stats of main strikers for Arsenal which even included Henry, Adebayor and Lacazette. So why are they not comparing Giroud with Lacazette why RVP? That's because they want to score a cheap point.

The argument is whether Giroud was useless playing for Arsenal and I brought up stats to prove that he wasn't useless as suggested by haters. Someone that has similar stats with RvP and Adebayor cannot be classified as useless irrespective of how we hate him.

If it was Chamarch, we'll Ok. But please not Giroud.

No body is arguing their levels of quality but as far as their stats show (for Arsenal only as Jodera demanded) their figures are not world apart as some of you may want to force us to accept and the stats is only in games they actually participated not when they were injured or didn't feature at all. Giroud himself has more accolades/medals generally than RVP both for club and country. But let's leave that aside. Facts don't lie only people do even with facts slapping them on the face.

Plenty talk yet no evidence to prove Giroud was not an average striker for Arsenal. Bang average!

Na who get time go dey follow u do amala turning.

DissTroy:
Remember when I used to do analyses of security votes pocketed by Governors across states while blaming them for partly being responsible for insecurity? Well, the questions are being asked and soundboarded.

https://www.nairaland.com/7957859/rising-insecurity-governors-turned-security
Only the person asking now kept mute when he had direct access to the President.

Until the injunction is lifted and security vote expenditures viewed through public scrutiny prisms, the insecurity in Nigeria would only continue to get worse.
Governors like those of Benue State and others, including the one who rode to power aboard the pious clergyman carriage, would continue to pocket these monies while innocent citizens are slaughtered.

Devil supposed punish each and every member of the judiciary that granted such injunction. The judiciary is one very critical accessory to corruption in this country and most times we overlook them.

That was how Peter Odili got a perpetual injunction restraining the EFCC from ever investigating his tenure as governor of Rivers state. According to Reuters:

The former governor of Nigeria's richest oil state secured a "perpetual injunction" against arrest by the anti-corruption police in a court ruling on Wednesday.

Peter Odili governed Rivers state, which has an annual budget well over $1 billion and where most of the estimated 5 million residents have no power, clean water or access to functional schools and clinics, for eight years until May 2007