₦airaland Forum

GloriousGbola:
A politician will not fear efcc because at their root, they are incompetent, corrupt bullies. They rely on harassment and intimidation. If you have enough money, your lawyer will make mincemeat out of their poorly prepared cases. Las Las they are trial of public opinion. See as naira Marley used them to blow and catch cruise.

That’s cos most times they acquire evidence illegally and then try to tender them in a law court as legal. That’s why some of those big yahoo boys with lawyers always walk free

GloriousGbola:
Once you have received inflow from a person who has entered efcc wahala, you are in for it. And they will take 50k from you just for being in their office.

There were some true horror stories on SM some years back. Breaking and entering into hotel rooms without warrant. Alleged sexual assault. A whole lot of mess

[b]The place needs a new head. Someone picked by ribadu.[/b]It all starts with leadership. Look at what Marwa is doing with NDLEA.

There is no way efcc was not aware of what abba kyari was up to but the guy was doing what he was doing.

Ribadu the politician or Ribadu the administrator ? . It’s like saying Adams Oshiomole should pick a vibrant labour leader because all Labour leaders after him have been pusssies.

Ribadu like Oshiomole has crossed to the other side of the divide ; politics . They can’t be trusted to still be the administrators they were before , talk more of handpicking someone like them in their hey days

larride:
Of course there are very corrupt elements among them but they still remain the most feared agency in the country. Even politicians and top businessmen fear them.

lolz. Politicians fear EFCC ?

Do u know how many of the frontline politicians in Nigeria have EFCC case and they are moving freely ?

Keyamo back then as EFCC lawyer lost 19 out of 23 cases , won 2 and withdrew from 2.

I don’t think politicians fear EFCC like u are making it seem. I agree businessmen fear EFCC cos they can mess up ur business . Just EFCC red paint on ur building reading “ Possession taken by EFCC 11/05/2023” can ruin ur filling station business, fast food business, Hotel business etc .

larride:
Just pray not to have anything to do with efcc or someone you know should have a case with them.

Na who go know Wetin Dey sup.

I know how they roll. I know legit people who have been there due to no fault of theirs. I know those who have been in and out of their too who have unclean hands .

seankafor:
lol, I said what I said because at least they dare to go after the big guys when their cups full..

Can police boast of such? Even ndlea or any other agency that goes after the top guns..

As for efcc been corrupt.. it's much expected because after all they re not imported from Latvia, they re all Nigerians with Nigeria blood, so the urge to loot and steal still supacedes the urge to do the right thing..

Most of my guys even get their agents on speed dial, they give them tips prior to any raiding they want to carry out

What’s the essence of going after people that will later walk free ?

seankafor:
efcc na the only agency that has the clout and power to end corruption in Nigeria because they have proven to be the only agency that goes after the big guns when their cup is full

I haven't seen the police make arrest of any high profile figure before..

But shaa corruption has dwindled their power to act

Yinmu ! 😏

EFCC be helping themselves the most amongst law enforcement agents in this country . EFCC is worse than Nigeria Police; let’s just say they are a more educated arm of the Nigerian Police that use their exposure and education to enrich themselves more than recovering stolen loot for the government .

Magu alone during his time as EFCC chairman abandoned 14 fraud cases that involved 118billion naira and 309million dollars . What did u think happened ? He just dropped the cases because holy spiritual advised him to do so ? Magu also failed to remit 48 billion naira loot recovered by the commission.

Recently EFCC raided a lot of yahoo boys In Ogun state with videos trending online. The next day a video surfaced online claiming most of the boys arrested are back in their respective homes after paying 500k to 1m bribe for their release. I guess the EFCC boys must have learnt from their top bosses who mess up cases against big men fraudsters and fail to remit loots recovered

I agree with Dr Umar’s point of view 💯

https://vm.tiktok.com/ZM2JdEsst/

larride:
I’ve started that Rabbit Hole. Keifer Sutherland is who he think he is.

He’s a natural !

iamoyindamola:
Alaye said I am back🤣🤣

That part killed me

Raumdeuter iamoyindamola comman see juju man flying on live TV

https://www.instagram.com/p/CsFCeV3NtRV/?igshid=NTc4MTIwNjQ2YQ==

CrystalTiger:
Until we approve a death by public execution for public funds thieves, we most definitely wouldn't make any headway because this EFCC no dey fear these men at all..

The other day na one army general wey carry over #8b, now today na #22b for one minister in just 22months...The AGF case of over #50b, that one has just gone under the carpet..

Just wait till buhari leaves . The looting that has gone on under his watch and eating to be discovered will be child’s play to what happened under Jonathan.

iamoyindamola:
Your fanta be like custard

The ice plenty pass Fanta ni

Toast x Fanta on ice

larride:
BAT must find a way to increase our revenue. Make sure we are maximizing our revenue generating avenues and plug leakages.

We can’t be earning so little and be living lavishly with loans.

What is most important after increasing revenue is cutting cost of governance . If we like make trillions in revenue , if we keep spending as a nation at this rate ; we will end up getting poorer as a people .

The government needs to prioritize our actual needs over our wants.

I followed the sentencing of Ekweremadu and they mentioned how the man owned almost 40 houses abroad and officially he earned a little less than 400k pounds. I’m sure he must have used his various positions in house committees to help himself acquire most of those properties .

I know someone who got paid by FERMA for a job that was never done. Mr A has a relative ; Mr Q who works with FERMA. So Mr Q just requested for Mr A’s BVN, asked him to open a bank account with a micro-finance bank that partners with FERMA. The money being disbursed is under the guise of FERMA needing to construct roads in some parts of the country and they needed to contract unskilled laborers to clear bushes to allow them construct roads.

When the funds were disbursed to Mr A, he took 40% and returned 60% to Mr Q and his associates in FERMA . They had several people do this for them. Funny enough , no clearing job was done anywhere ; just money was pulled out of the system.

This is how we spend some of these funds they keep going to World bank and China to borrow . If they don’t block these leakages, we will keep borrowing and even increase revenue yet we will have little or nothing to show for it.

akwesenana:
Wow.
So, hookers have no right to air their opinion?
Suprising from you.

I think what he means was that the account is a catfish. The moniker is not what the person it claims it is

The Budget Office of the Federation has said Nigeria now has a “limited borrowing space” due to its poor debt-to-revenue ratio, stressing that “trouble” looms for the country if it exceeds its limits.

The office issued the warning as the outgoing President, Major General Muhammadu Buhari (retd.), wrote to the National Assembly seeking approval for a fresh $800m loan from the World Bank.

Director-General of the Budget Office, Ben Akabueze, while addressing members-elect of the 10th National Assembly at their week-long induction ceremony in Abuja on Wednesday, pointed out that while Nigeria remains healthy with its debt-to-GDP ratio, the country is not with its debt-to-revenue ratio.

Akabueze was speaking to the newly elected and returning members of the National Assembly, which is responsible for the consideration, amendment and passage of annual budgets of the Federal Government as well as economy bills like the Finance Bill.

He said, “You may have heard that we have one of the lowest Gross Domestic Products-to-debt ratios in the world. While the size of the FG budget for 2023 created some excitement, the aggregate budget of all the governments in the country amounted to about N30tn. That is less than 15 per cent in terms of ratio to GDP.

“Even on the African continent, the ratio of spending is about 20 per cent. South Africa is about 30 per cent; Morocco is about 40 per cent. And at 15 per cent, that is too small for our needs. That is why there is fierce competition for the limited resources.

“That can determine how much we can relatively borrow. We now have very limited borrowing space; not because our debt to GDP is high, but because our revenue is too small to sustain the size of our debt. That explains our high debt service ratio. Once a country’s debt service ratio exceeds 30 per cent, that country is in trouble and we are pushing towards 100 per cent, and that tells you how much trouble we are in.

“We have limited space to borrow. When you take how much you can generate in terms of revenue and what you can reasonably borrow, that establishes the size of the budget. The next thing would be to pay attention to the government’s priority regarding what project gets what.”

Akabueze also stated that Nigeria should not be classified as an oil-rich economy.
“We are not even an oil-rich economy. To classify oil-rich economies, you talk of countries like Saudi Arabia where there are 34 million of them and pump 10 million barrels of crude per day, or Kuwait where there are 3 million of them and pump 3 million barrels per day,” he said

The Budget Office boss added that while Nigeria has a population of over 200 million, “we are currently pumping about 1.9 million barrels per day.”

He stressed, “So, we are not a rich economy and must resist the temptation we are an oil-rich economy. Let me make it clear that we are potentially rich countries, but we are not.”

About the same time Akabuaeze was addressing the National Assembly members-elect, the President of the Senate, Ahmad Lawan, read out Buhari’s request to lawmakers on the floor of the Senate.


$800m for social security

The President partly wrote, “Please note that the Federal Executive Council approved an additional loan facility to the tune of $800 million to be secured from the World Bank, for the National Social Safety Net Programme and the need to request for your consideration and approval to ensure early implementation.

“The Senate may wish to note that the programme is intended to expand coverage of shock responsive safety net support among the poor and vulnerable Nigerians. This will assist them in coping with the costs of meeting basic needs.

“You may wish to note that, the Federal Government of Nigeria under the conditional cash transfer window of the programme will transfer the sum of N5,000 per month to 10.2 million poor and low-income households for a period of six months, with a multiplier effect on about 60 million individuals. In order to guarantee the credibility of the process, digital transfers will be made directly to beneficiaries’ accounts and mobile wallets.

“The NASSP being a social intervention programme will stimulate activities in the informal sector, improve nutrition, health, education and human capital development of beneficiary households.”

Buhari added, “Given the above, I wish to invite the Senate to kindly approve an additional loan facility to the tune of USD8OO million to be secured from the World Bank for the National Social Safety Net Programme,” expressing hope that the request will “receive expeditious consideration by the Senate.”

The PUNCH had reported on May 7, 2023, that Nigeria’s borrowing from the World Bank had reached $14.34bn as of March 31, 2023.

This was an increase from the $13.93bn debt recorded by the Debt Management Office as of December 31, 2022.

This means that fresh disbursements on approved loans added $410m to Nigeria’s debt from the World Bank in the first quarter of 2023.

The IBRD lends to governments of middle-income and creditworthy low-income countries, while the IDA provides concessionary loans – called credits – and grants to governments of the poorest countries.

The data obtained from the Washington-based bank showed that Nigeria had a debt of $488.66m from IBRD and $13.85bn from IDA as of March 31, 2023.

The PUNCH had observed that the first World Bank loan was acquired in the fiscal year of 1947, according to data from the World Bank.

Since that period, Nigeria has acquired a total of $7.49bn from IBRD and $26.17bn from IDA.

This means that a total of $33.66bn has been borrowed from the World Bank since 1947.

It was also observed that about $7.29bn had been repaid on the loans, with $7.86bn yet to be disbursed by the bank.[/b]

Source:https://punchng.com/nigerias-borrowing-trouble-imminent-says-budget-office/?amp

Nezzjnr:
Lmao

They want a new graduate to have all that skill, perform the job function all for 10k monthly ?

Even 10k daily seems like under-paying the person . Na only him go collaborate with product design team, write code , debug and still stay up to date with industry trends ?

Shey the promoter of the company no born pikin wey don finish school ni ? He should employ him na

liveLongNprospa:
😁

Wetin Akeredolu dey talk sef ?

He say make “Mr. President elect interrogate the skewed arrangement's….” Which of the Mr President ? The one wey don go on working visit for Europe abi which one ?

izzou:
[color=royalblue]So if i tender fake and false documents, the end product suppose be visa baa?

The guy should channel his activism to something better.

Nobody forced him to go to US[/color]

I wasn’t talking about those who apply with forged/illegal documents

iamoyindamola:
How you they know these guys sef, have taken him serious already

Na all the numerous blogs wey just plenty on social media dey always bring their videos o. Na so I take know some of them . Their videos just keep popping up every now and then

afrodoc2:
It is like asking JAMB to refund your JAMB fee if you do not pass the exam. The standard practice worldwide is that visa application fees are not refundable. A better move would be to ask for the application fees to better reflect the local environment in terms of cost.

U are paying for JAMB to write an exam. This one u are paying for visa to be processed.

Well, it makes sense for countries to ask their legislators make laws that visa application fees should refelect the current reality of things in their local environment as u suggested .

iamoyindamola:
One toheeb warrior is threatening him already
Make I look for link

That one na just normal street thug wey don dey do skit on social media . They call him kesari Okala a.k.a Toheeb Warrior a.k.a eyín ló yọ, ẹmi o bọ́

Iamoyindamola , portable don carry BRABUS enter trenches go show him friends .

I just have a strange fear that the trenches might be the end of him if he no gree move commot

izzou:
[color=royalblue]The money is not a down-payment for value.

You want to apply? Pay a certain amount to process it....Simple

So why should i refund you from my pocket, when i have used your money to process it?[/color]

lol.

Wetin dem dey process ? U collect money u wan use am process visa, shebi the end product na visa e supposed be na …what the activist is saying is ; It’s unfair to people who won’t get the visa to lose 100% of the sum eventually .

I agree with his position.

izzou:
[color=royalblue]This guy na comedian[/color]

The guy is right now . The 20% should be non refundable being processing fee , while they return the 80% since the applicant is not getting the visa and not making use of the visa .

It’s actually robbery collecting 100% of my money and not offering me any value in the long run.

iamoyindamola:
Baba ti lo idáàlé
Blueraydick shey I get am

Yes o. O gba pa ! 💯

iamoyindamola:
Baba will now tell us if I travel again make una hold me

izzou:
[color=royalblue]This one come dey funny.


[/color]

We are back in the business of having presidential jet parked abroad and having thousands of pounds/dollars paid as parking fee for as long as the president needs to stay abroad .

The last time dem dey drag buhari for paying 4K pounds daily for parking the presidential jet in the UK for 50 days, Garba Shehu was busy telling us it’s 1k pounds daily with special waiver and not the outrageous 4K pounds being speculated in the media 🤦‍♂️

GboyegaD:
The heavy cream.

Oh, I get .

izzou:
[color=royalblue]Tinubu don go Europe again?

But he said the last time that he is back fully to work

[/color]

When next he’s around they will arrange drums and cultural groups as usual, use photographs suffocate us , rinse and repeat . After tomorrow there is tomorrow .

GboyegaD:
Dinner:

Catfish Tomato Basil soup with fresh bread made from 1/2 wheat flour, 1/2 all purpose flour.

Couldn't wait for the dough to rise the second time before baking. The hunger was too much to wait any further.

If I didn’t read the caption, I would’ve thought it’s egusi ijebu and Bread

What gave the tomato soup that color ? Is it the Basil?I was thinking the Basil would’ve make it green and not light yellow

Segedinho:
This one na official visit to Europe ....a major sacrifice to be performed..

May God be with him. Safe journey to him on his official “working visit” away from the workplace