₦airaland Forum

It will be nice if the career section is provided with a search facility that will enable users gain asses to topics previously discussed without having to go through each topic one after the other.The user simply enters the keyword and a rang of topics related to that will be provide and he/she can make his choice from the list.This make old information available and it also saves time.

If you like to, welcome and embrace it. If you don't like to, don't embrace it. Islamic Banking system is coming, it is just a matter of time. Islamic Bank will survive because there are a lot of muslims who don't want interests on their savings and come think of it, approximately half of this country population. I would suggest you make your New Testament accommodate all these things. Because, I could feel jealousy in the atmosphere.


Terrorist

All the countries that used Al-Quran to fashion out their constitutions are today living in effluents


Examples please,

When ever muslims approach their challanges by turning to their religion for guidiance


, and yet people like IBB,ABACHA,ATIKU etc are stealing our money without going to Islam for guidance or are these people not Muslims? It is this your extremist mentality that leads you into terrorism.You believe everything most be done in the Islamic way and thinking,forgetting that you live in a heterogeneous society.Why bring religion into business or the economy knowing how sensitive religious issues are or is Sanusi not knowledgeable enough to understand this? Anyways,he has just few years to leave office or he will be kicked out.

well,if you think its of no good writing what every other person will understand then there is a problem.As you said,this is a social forum and many people will be interested in your post and may want to gain some insights.Writing in this style therefore makes it difficult for them to understand you. I am not complaining of your English rather the writing style.

Why bother?
I mean, you're already a forex guru. Why waste your time with something mundane and crass like 'Food science and technology'?

That is exactly our problem,when he graduates he will start looking for a job in the investment banking industry.Why not consider a course like Economics,B/F,accounting etc.

[b]Fanx 4 your advice Mayflowa. N btw im nt gona relocate unless i ave secured a gud job. No1 wil b silly enuf to jus relocate wivout a job to fall bck on. Fank u Mayflowa.
[/b]
I find it extremely difficult to understand this kind of grammar.At least,someone in the UK should be a role model,and also a prospective employer could be reading your post.

The term “Islamic banking” refers to a system of banking or banking activity that is consistent with Islamic law (Shariah) principles and guided by Islamic economics. In particular, Islamic law prohibits usury, the collection and payment of interest, also commonly called riba in Islamic discourse. In addition, Islamic law prohibits investing in businesses that are considered unlawful, or haraam (such as businesses that sell alcohol or pork, or businesses that produce media such as gossip columns or pornography, which are contrary to Islamic values). In the late 20th century, a number of Islamic banks were created to cater to this particular banking market.
Islamic banking has the same purpose as conventional banking except that it operates in accordance with the rules of Shariah, known as Fiqh al-Muamalat (Islamic rules on transactions)
The first modern experiment with Islamic banking was undertaken in Egypt under cover without projecting an Islamic image—for fear of being seen as a manifestation of Islamic fundamentalism that was anathema to the political regime.[citation needed] The pioneering effort, led by Ahmad Elnaggar, took the form of a savings bank based on profit-sharing in the Egyptian town of Mit Ghamr in 1963. This experiment lasted until 1967 (Ready 1981), by which time there were nine such banks in country.[

In Islamabad, Pakistan, on June 16, 2004: Members of leading Islamist political party in Pakistan, the Muttahida Majlis-e-Amal (MMA) party, staged a protest walkout from the National Assembly of Pakistan against what they termed derogatory remarks by a minority member on interest banking:

   Taking part in the budget debate, M.P. Bhindara, a minority MNA [Member of the National Assembly], referred to a decree by an Al-Azhar University's scholar that bank interest was not un-Islamic. He said without interest the country could not get foreign loans and could not achieve the desired progress. A pandemonium broke out in the house over his remarks as a number of MMA members, rose from their seats in protest and tried to respond to Mr Bhindara's observations. However, they were not allowed to speak on a point of order that led to their walkout, Later, the opposition members were persuaded by a team of ministers, to return to the house, the government team accepted the right of the MMA to respond to the minority member's remarks, Sahibzada Fazal Karim said the Council of Islamic ideology had decreed that interest in all its forms was haram in an Islamic society. Hence, he said, no member had the right to negate this settled issue: Source :http://en.wikipedia.org/wiki/Islamic_banking
================================================================================================================

I want someone to come  and prove to me in clear terms how Islamic banking is beneficial to our country and the development of our economy before i get angry.Even without reading up these information from wikki i had earlier made the above comments.

We should stop comparing the uk,us etc with our country.These countries are stable enough to withstand any temporary shock in their banking systems.The Nigerian economy is so fragile that any little thing is capable of throwing the entire system into perpetual depression.Sanusi should stop reducing the speed and tempo of development of the Nigerian economy through his useless,unformed and baseless fundamentalist ideology. We are yet to get out of the mess he caused since 2009.Because of his insatiable desire to score some religious points,he believes the easiest way to do so is by introducing Islamic banking. I knew he would do exactly this,he created an artificial problem in our banking system just to create an impression that something is wrong with conventional banking,thereby making ways for the Islamic banking which is supposed to be ''immuned'' from problems. Someone should advise him now.

Even though I am still a novice in the area of Islamic banking,I am yet to understand how Islamic banking will bring about economic development in Nigeria as claimed by Sanusi.Islamic banking to my understanding is a non-interest banking practice.Interest itself is the opportunity cost of keeping your money under your mattress.
The banking system provides a kind of bridge between those who have surplus funds and those who need surplus funds thereby necessitating a swift exchange/flow of credit in the economy.Interest on the other hand acts as an incentive to both lenders and borrowers.Without the payment of interest there will be no incentive to save and that will invariably reduce the quantum of funds available for investment purposes, hence savings lead to investment and investment breeds economic development.
Without the payment of interest people would rather keep their funds in other assets which provides better returns than subscribing to savings.And an economy which doesn't have proper saving mechanisms may have problems with economic development due to the absence of funds/credit which creates investment.

The above therefore puts me in doubt on the ability and efficacy of the so called Islamic banking to bring about economic development in Nigeria.But come to think of it,does the islamic banking actually originate from Islam?This is because i read the account of St Thomas Aquinas on the Sin of Usury when he said money cannot beget money in my history of economic thought during my undergraduate days .I am yet to know if this is still what they claim to be Islamic Banking.

Sanusi should for the benefit of the nation disregard and totally discard the idea of islamic banking and focus on building a stable,reliable and efficient banking system through the use of numerous macro-economic tools at his disposal.

Its only in Nigeria that i see police men with long gun in public places even when there is no war or riot.Policemen should be stopped from carrying long gun in public places including banks.Banks should have their own security measures put in place.There are so many security devices used by banks all over the world y not get these things installed in the banks.

, and yet Aganga wants solution to go to jail for salvaging our economy.Lets watch and see.Our eyes are beginning to open

In addition to what every other person has said,i would advise you apply for an MBA-Finance program or try university of Nottingham if you have the resources.With your work experience and other qualifications i think you will be accepted.

Sincerely its not easy getting into the ib industry,I am currently working my ass off to ensure i get in when am done with my studies.Also,i do not fancy all these elite school of a thing,why not try other accredited universities since at the masters degree level the emphasis is more on independent study and self development and less on class room work. For me,i do not look at ranking i only checkout uni that offer the program which i am interested in.

Having a good maths skill(at least to pass apt test) and a good communication skill(to dribble ur interviewers) can land you to any job.

ritualist,ladies run 4 ur life

It seems I am tired of this "forum", I tried much on the Internet to find any forum similar in nature with what the members of this forum exchange to each other, but I found none, this makes me to ascertained my thought as Nairaland is the "The Worst and dirty online Nigerian Forum" ever.

Bet me, you can NEVER find a website on the Internet spreading hatred, abuses, lies, gossip, and a very good avenue for fraudsters, 419 guys who are ever ready cheat their fellow Nigerians like Nairaland.

Imagine, anyone can say whatever he likes, post whatever we wish, to whomever he likes, while the forum claimed to have so called "Moderators".

I think I should better stick to Naijapals.com much better friendly and "clean" for people like me.

This is just my opinion please, because as usual I know somebody might b ready with rain of abuses or similar to my opinion.

Cheers.

Thats y it is called online.But u are free to go,as for me NAIRALAND 4 LIFE

Alan Greenspan,the former Fed Reserve Chairman faced more criticisms and yet he did not go to jail.For Aganga,who probably studied and worked in the UK to say that Soludo should go to jail makes him an ignorant man.

Read if you have the energy.



Criticism
[edit] Market bubbles

John Robbins has argued that "Greenspan may be more responsible than any other single human being for the disastrous developments in our nation's economy," and that "when it comes to wreaking financial havoc, Madoff was a piker compared to the man who was dubbed history's greatest Federal Reserve chairman upon his retirement in 2006."[43] For this reason, Matt Taibbi has called Greenspan "the biggest asshole in the universe."[43] Critics point to the collapse of several recent market bubbles as evidence against Greenspan:

"As a paid consultant for Lincoln Savings and Loan, Greenspan was an ardent advocate of Savings and Loan deregulation. When Lincoln's parent corporation went bankrupt in 1989, more than 21,000 mostly elderly investors lost their life savings. This was, however, peanuts compared to what was to follow. With Greenspan as the head of the Federal Reserve from 1987 to 2006, and with his policies running the show, the tech bubble was inflated only to burst in 2000, closely followed by the real estate bubble that began to burst in 2007, and the credit bubble that burst in 2008. Greenspan's policies contributed massively to each of these bubbles, and thus to their inevitable collapse. Like Madoff's Ponzi scheme, they provided illusory returns, not based on any real goods, services or value provided, but rather on the attraction soaring returns have for new entrants into the game."[43]

Congressman Ron Paul has made similar arguments against Greenspan[44] and against the Federal Reserve in general.[45][46]
[edit] Social Security

Prior to running the Federal Reserve, Greenspan headed the National Commission on Social Security Reform. In this capacity, according to Robbins, Greenspan's "policies triggered a staggering transfer of wealth from the lower and middle classes into the hands of the richest members of society.":

It is not an exaggeration to say that the resulting concentration of money and power in the hands of the few is undermining the economy, corrupting democracy, deepening the racial wealth divide, and tearing communities and families apart. It was primarily due to Greenspan's proposals that the Social Security tax rate went from 9.35 percent in 1981 to 15.3 percent in 1990. . . . The policies that were implemented following the recommendations of Greenspan's commission have produced, in the last 20 years, $1.7 trillion in new taxes borne almost entirely by the lower and middle class."[43]

[edit] Housing bubble

In the wake of the subprime mortgage and credit crisis in 2007, Greenspan stated that there was a bubble in the US housing market, warning in 2007 of "large double digit declines" in home values "larger than most people expect".[47] However, Greenspan also noted, "I really didn't get it until very late in 2005 and 2006."[48] On a list of 25 people to blame for the financial crisis, Time Magazine placed him at # 3.[49]

Greenspan stated that the housing bubble was “fundamentally engendered by the decline in real long-term interest rates”,[50] though he also claims that long-term interest rates are beyond the control of central banks because "the market value of global long-term securities is approaching $100 trillion" and thus these and other asset markets are large enough that they "now swamp the resources of central banks".[51]

Following the September 11, 2001 attacks, the Federal Open Market Committee voted to reduce the federal funds rate from 3.5% to 3.0%.[52] Then, after the accounting scandals of 2002, the Fed dropped the federal funds rate from then current 1.25% to 1.00%.[53] Greenspan stated that this drop in rates would have the effect of leading to a surge in home sales and refinancing.

Besides sustaining the demand for new construction, mortgage markets have also been a powerful stabilizing force over the past two years of economic distress by facilitating the extraction of some of the equity that homeowners have built up over the years.[53]

However, according to some, Greenspan's policies of adjusting interest rates to historic lows contributed to a housing bubble in the US.[54] The Federal Reserve acknowledges the connection between lower interest rates, higher home values, and the increased liquidity the higher home values bring to the overall economy.

Like other asset prices, house prices are influenced by interest rates, and in some countries, the housing market is a key channel of monetary policy transmission. — Board of Governors of the Federal Reserve System, September 2005.[55]

In a speech in February 2004,[56] Greenspan suggested that more homeowners should consider taking out Adjustable Rate Mortgages (ARMs) where the interest rate adjusts itself to the current interest in the market.[57] The fed own funds rate was at a then all-time-low of 1%. A few months after his recommendation, Greenspan began raising interest rates, in a series of rate hikes that would bring the funds rate to 5.25% about two years later.[58] A triggering factor in the 2007 subprime mortgage financial crisis is believed to be the many subprime ARMs that reset at much higher interest rates than what the borrower paid during the first few years of the mortgage.

In 2008, Greenspan expressed great frustration that the speech he made on February 23, 2004 was used to criticize him on ARMs and the subprime mortgage crisis, and stated that he had made countervailing comments eight days after it that praised traditional fixed-rate mortgages.[59]

In that speech, Greenspan had suggested that lenders should offer to home purchasers a greater variety of "mortgage product alternatives" other than traditional fixed-rate mortgages.[56] Greenspan also praised the rise of the subprime mortgage industry and the tools which it uses to assess credit-worthiness in an April 2005 speech:

Innovation has brought about a multitude of new products, such as subprime loans and niche credit programs for immigrants. Such developments are representative of the market responses that have driven the financial services industry throughout the history of our country … With these advances in technology, lenders have taken advantage of credit-scoring models and other techniques for efficiently extending credit to a broader spectrum of consumers. … Where once more-marginal applicants would simply have been denied credit, lenders are now able to quite efficiently judge the risk posed by individual applicants and to price that risk appropriately. These improvements have led to rapid growth in subprime mortgage lending; indeed, today subprime mortgages account for roughly 10 percent of the number of all mortgages outstanding, up from just 1 or 2 percent in the early 1990s.[60]

The subprime mortgage industry collapsed in March 2007, with many of the largest lenders filing for bankruptcy protection in the face of spiraling foreclosure rates. For these reasons, Greenspan has been criticized for his role in the rise of the housing bubble and the subsequent problems in the mortgage industry,[61][62] as well as "engineering" the housing bubble itself:

It was the Federal Reserve-engineered decline in rates that inflated the housing bubble , the most troublesome aspect of the price runup is that many recent buyers are squeezing into houses that they can barely afford by taking advantage of the lower rates available from adjustable-rate mortgages. That leaves them fully exposed to rising rates.[63]

Stiglitz stated that Greenspan “didn't really believe in regulation; when the excesses of the financial system were noted, (he and others) called for self-regulation — an oxymoron.”[64] Greenspan, according to The New York Times, says he himself is blameless.[65] On April 6, 2005 Greenspan called for a substantial increase in the regulation of Fannie Mae and Freddie Mac: “Appearing before the Senate Banking Committee, the Fed chairman, Alan Greenspan, said the enormous portfolios of the companies — nearly a quarter of the home-mortgage market — posed significant risks to the nation's financial system should either company face significant problems.”[66] Despite this, Greenspan still claims to be a firm believer in free markets, although in the 2007 publication of his biography, he writes, "History has not dealt kindly with the aftermath of protracted periods of low risk premiums" as seen before the credit crisis of 2008.

In Congressional testimony on October 23, 2008, Greenspan finally conceded error on regulation. The New York Times wrote, "a humbled Mr. Greenspan admitted that he had put too much faith in the self-correcting power of free markets and had failed to anticipate the self-destructive power of wanton mortgage lending. , Mr. Greenspan refused to accept blame for the crisis but acknowledged that his belief in deregulation had been shaken." Although many Republican lawmakers tried to blame the housing bubble on Fannie Mae and Freddie Mac, Greenspan placed far more blame on Wall Street for bundling subprime mortgages into securities.[67]
[edit] Late 2000s recession

In March 2008, Greenspan wrote an article for the Financial Times' Economists’ Forum in which he said that the 2008-financial crisis in the United States is likely to be judged as the most wrenching since the end of World War II. In it he argued: "We will never be able to anticipate all discontinuities in financial markets." He concluded: “It is important, indeed crucial, that any reforms in, and adjustments to, the structure of markets and regulation not inhibit our most reliable and effective safeguards against cumulative economic failure: market flexibility and open competition.” The article attracted a number of critical responses from forum contributors, who, finding causation between Greenspan's policies and the discontinuities in financial markets that followed, criticized Greenspan mainly for what many believed to be his unbalanced and immovable ideological suppositions about global capitalism and free competitive markets. Notable critics included J. Bradford DeLong, Paul Krugman, Alice Rivlin, Michael Hudson, and Willem Buiter.[68]

Greenspan responded to his critics in a follow-up article in which he defended his ideology as applied to his conceptual and policy framework, which, among other things, prohibited him from exerting real pressure against the burgeoning housing bubble or, in his words, "leaning against the wind". Greenspan argued, "My view of the range of dispersion of outcomes has been shaken, but not my judgment that free competitive markets are by far the unrivaled way to organize economies." He concluded: "We have tried regulation ranging from heavy to central planning. None meaningfully worked. Do we wish to retest the evidence?"[69] The Financial Times associate editor and chief economics commentator, Martin Wolf, responded to the discussion with an article defending Greenspan primarily as a scapegoat for the market turmoil. Several notable contributors in defense of Greenspan included Stephen Roach, Allan Meltzer, and Robert Brusca.[70]

An October 15, 2008 article in the Washington Post analyzing the origins of the economic crisis claims that Greenspan vehemently opposed any regulation of derivatives, and that Greenspan actively sought to undermine the office of the Commodity Futures Trading Commission when the Commission sought to initiate regulation of derivatives. Meanwhile, Greenspan recommended improving mark-to-market regulations to avoid having derivatives or other complex assets marked to a distressed or illiquid market during times of material adverse conditions as seen during the late 2000s credit crisis.[71]

Greenspan was not alone is his opposition to derivatives regulation. In a 1999 government report that was a key driver in the passage of the Commodity Futures Modernization Act of 2000--legislation that clarified that most over-the-counter derivatives were outside the regulatory authority of any government agency—Greenspan was joined by Treasury Secretary Lawrence Summers, Securities and Exchange Commission Chairman Arthur Levitt, and Commodity Futures Trading Commission Chairman William Ranier in concluding "that under many circumstances, the trading of financial derivatives by eligible swap participants should be excluded from the CEA" (Commodity Exchange Act). Other government agencies also supported that view.[72]

In Congressional testimony on October 23, 2008, Greenspan acknowledged that he was "partially" wrong in opposing regulation and stated "Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity — myself especially — are in a state of shocked disbelief."[40] Referring to his free-market ideology, Greenspan said: “I have found a flaw. I don’t know how significant or permanent it is. But I have been very distressed by that fact.” Rep. Henry Waxman (D-CA) then pressed him to clarify his words. “In other words, you found that your view of the world, your ideology, was not right, it was not working,” Waxman said. “Absolutely, precisely,” Greenspan replied. “You know, that’s precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well.”[73] Greenspan admitted fault[74] in opposing regulation of derivatives and acknowledged that financial institutions didn't protect shareholders and investments as well as he expected.
[edit] Political views and alleged politicization of office

Greenspan describes himself as a "lifelong libertarian Republican".[32]

In March 2005, in reaction to Greenspan's support of President Bush's plan to partially privatize Social Security, Democratic Senate Minority Leader Harry Reid attacked Greenspan as “one of the biggest political hacks we have in Washington”[75] and criticized him for supporting Bush's 2001 tax cut plan.[76] Then-Democratic House Minority Leader Nancy Pelosi added that there were serious questions about the Fed's independence as a result of Greenspan's public statements.[77] Greenspan also received criticism from Democratic Congressman Barney Frank and others for supporting Bush's Social Security plans favoring private accounts.[78][79][80] Greenspan had said Bush's model has "the seeds of developing full funding by its very nature. As I've said before, I've always supported moves to full funding in the context of a private account."[81]

Others, like Republican Senator Mitch McConnell, disagreed that Greenspan was too deferential to Bush, stating that Greenspan “has been an independent player at the Fed for a long time under both parties and made an enormous positive contribution”.[82]

Economist Paul Krugman wrote that Greenspan was a “three-card maestro” with a “lack of sincerity” who, “by repeatedly shilling for whatever the Bush administration wants, has betrayed the trust placed in the Fed chairman”.[83]

Republican Senator Jim Bunning, who opposed Greenspan's fifth reconfirmation, charged that Greenspan should comment only on monetary policy, not fiscal policy.[84] However, Greenspan had used his position as Fed Chairman to comment upon fiscal policy as early as 1993, when he supported President Clinton's deficit reduction plan, which included tax hikes and budget cuts.[85]

In 2009, author Frederick Sheehan released "Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession" exposing Greenspan's alleged politicization of his office. From the Amazon.com description of the book:

"Alan Greenspan’s 18-year stint as head of the Federal Reserve Bank witnessed some of the most massive upward redistributions of wealth in our nation’s history. It’s now clear that his policies contributed greatly to the transformation of Wall Street from an engine that financed American business to a business-destroying machine—and that Greenspan abetted the hollowing out of the U.S. economy by giving Wall Street and Washington everything they could possibly want." [1]

[quote][/quote]http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve

It was many ordinary Britons and Americans who benefitted from  readily available , if poorly scrutinised loans not (as in Nigeria's case) bank CEO's who 'lent' billions to themselves , through cronies,they deliberately intended to write-off thus completing the scam cycle. Considering that what our Banking CEO did in Nigeria was daylight robbery assisted by a lax , perhaps probably even complicit, CBN under Soludo I really don't see the merit of comparing Soludo's situation to that of Bernanke or King. let not forget that;

http://en.wikipedia.org/wiki/Central_bank

Quote
The primary function of a central bank is to provide the nation's money supply, but more active duties include controlling interest rates, and acting as a lender of last resort to the banking sector during times of financial crisis. It may also have supervisory powers, to ensure that banks and other financial institutions do not behave recklessly or fraudulently.

The chairman of th US Federal Reserve bank spends more than 8yrs in office,therefore having ample time to reposition the economy in the event of any crises.Soludo had little or no time after the consolidation exercise to properly assess the degree of risk exposure of our banks.I think the cbn gov should be given adequate time to function,5yrs to me is not enough to work miracles as expected by Nigerians.

If you read soludo's account properly you will understand that he actually had plans to do exactly what sanusi has done in the system but time could not permit him.

It is only in an insane society like Nigeria that you’ll find any

inept ex-governor who failed to deliver the simplest of his tasks

, and still
wants to make himself the object of adulation.

Agaga, on the other hand should just focus on the job he’s appointed to do. Nigeria has serious economic issues. This is not the time to BS around. We need J-O-Bs, wealth creation etc!!!


You couldn't even produce an original thinking,you rephrased another person's words and yet you made bold to use those words above against the person of Charles Soludo.Can anyone in your Village stand his intelligence?

It is either most of you lack the technical skills to understand the level of decay in our economy or you are simply ignorant like Aganga.

If profs. of electrical engineer can't build a power plant in Nigerian then from which angle 9ja's prof. of econs will fix the banking industry, consider the fact that most of our profs lack real life work experience. mostly, dey copy from book to book to make publication.

Stop saying rubbish and go to bed.

I think Aganga should be the one to go to jail for deceiving Nigerians.In the face of depleting foreign reserve,high unemployment,high inflation rate,high recurrent expenditure,decaying naira value etc he was still claiming that the economy was growing at 7.5%.Haba.The problem with Nigerians is that we find it difficult accepting the truth,Soludo has given us the true picture of the economy and yet some people are supporting a lying finance minister.

I think its high time we started engaging these clueless govt officials in public debate.

The only different thing he brought on board is the strategy of harassment. . .which may have worked in its stead. . .yea i give him the credit. And of course the fact that he told the lawmakers to their face that their consumption rate is driving inflation crazy and making his job more difficult. period

Gbam

Soludo is partially responsible for d kidnappings in d East his prophesy of untold wealth to many Igbo traders who made their money from d hard craft of buying & selling suddenly jump on this bandwagon of making easy money in d stock Market after all d town cryer for this message of doom was one of theirs.

Another ignorant OHAKIM talking

if u are not an under aged person, for saying this alone, i will authoritatively say that u belong to the zoo. i am from imo state and as such u will know that i am not a northerner.
the no 1 responsibility of a leader is to protect the ppl he is leading. with the ways ppl are dying in jos, borno, maidugiri, with the ways bombs are been planted and exploding across the country, with the ways niger delta militants are destroying things and with the crises even in his home state (bayelsa) with the kidnapping madness in the east, is jonathan living up to the oath of office which he took to protect us? the truth here is no. if the situation in any part of the country has defiled the powers of the president, what do we do? seat and watch our fellow country men die like wild animals? in anyother part of the world, the best and only otion left for jonathan will be to stop the killings or resign.
by the way, why is the oath these rullers take not killing them? why won't our constitution make room for the use of okija shrine and other powerful dieties in swearing in these criminals who claim to be leaders?

You said u r 4rm imo state,if not that i am not at home now i would v come to ur house and flog the hell out of you for being rude to ur older brother.

Inasmuch as i recognise  the position and powers of the president as the commander-in-chief and the sacred nature of human life,I don't think it is wise to blame the president for all our misfortunes as a nation.For crying out loud we should stop causing problems for ourselves on the believe that the president will always be there for us.The problem in Jos,Maidugiri etc are human created problems.The bombings are politically motivated just to create the impression that there are security lapses in the country.Lets not be naive,after the elections u will see the true nature of Nigeria.Do not judge during this election period.GEJ knows what he is doing,he doesn't want to step on toes.But after the elections,we go know who be who .Just watch and see.

IBB is the most criminal-mined ruler Nigeria ever had. He could not stop the killings during his wreckless rule of Nigeria, instead he masterminded the killings. It is very easy for people to make criticisms especially when they have ulterior motives.

Gbam

Sometimes I marvel at the level of stupidity displayed on NL. I'm not a fan of IBB, but he's right, I don't understand how some people allow their dislike of one person cloud their jugdement. Please think objectively! And for the dunce claiming that IBB equipped Boko Haram, think before you write and stop making groundless accusations you can't defend.


Oh!its the end of the month,you must be menstruating now.

For every sensible person, u are the one thats not ok; u deviated the issue to somthin else. How can u do that to your country's security. Have u ever been in Maiduguri or Jos? I bliv NO. President is the chief security of the country. How could he left all the perpetrators and put his effort to his bloody ambition of ruling this country again?  Is he giving us reasons to vote for him by such doing? If he cant stop the killings that means he failed in offering his duty as a president, SO LET HIM RESIGN NOW!

I don't know if you think from your anus.The crisis in Jos,Maiduguri etc defies military strength.How many times were soldiers deployed to Jos to no avail.The problem in Jos and Maiduguri were caused by Northern oligarchies and only them can find solution to the lingering crisis in those areas. Not even state of emergency can solve the problem. Northern leaders (politicians,emirs,Imams etc) should stop the crises which they initiated and not blaming GEJ because he is d president.

I doubt if this man is ok. After training and equipping the Boko Haram sect,he is now pointing accusing fingers at GEJ.

I think you all are missing the point here.Malaysia is a good and peaceful country with basic infrastructure such as light,water,good road,transport etc .The only difference between Malaysia and the UK is that Malaysia is still classified in the category of developing countries,aside that you can actually enjoy the same lifestyle those in the UK,US etc experience even at a lower cost.Their security is in good form and basic technological facilities seem to be in place.


Malaysia has a stable political system with an administrative centre at Putrajaya.Malaysia's foreign policy is based on the principle of neutrality and maintaining peaceful relations with all countries, regardless of their political system, and to further develop relations with other countries in the region.This makes the country relatively peaceful and attractive to both investors and tourist.Economic wise,Malaysia is doing great. With a population put at  27,565,821 (2010) and a total land mass of 329,847 km2 (about the size of Cameroun) Malaysia is growing much faster than its neighboring countries such as Thailand,Cambodia etc (except Singapore).With a GDP growth rate of $403.042 billion and per capita income of $14,275.371 (2010),Malaysia is actually doing better than ALL AFRICAN COUNTRIES and MOST COUNTRIES IN EUROPE.Malaysia has a Gini Co efficient (a measure of income inequality) of about 0.46 which shows relative equality in income distribution.

Education wise,Malaysia is the home of most educational institutions in the world.You have campuses of schools like the University of Derby(UK),Sunderland,East London,Nottingham,Victoria(canada) and many more schools from Australia,US etc.People prefer studying here because it is relatively cheap compare to other countries.

In the area of crime,Malaysians can be ranked a bit low compare to Indians,Chinese,Africans etc. Africans are only into internet scam,drug and women.They don't steal,this is a known fact by all.Major rubbery are done by China and Indian.Indians are the most hated followed by chinese and then blacks.In all,the Malaysia security agencies are doing very well to curb crime.


SO what is the problem with Malaysia?

NO job for blacks/Africans.Dont come because of work,I promise you will be disappointed and frustrated.Our young man here doesn't want to tell us what he does or did to make money in Malaysia other than crime.This puts me in great doubt.You can do business if you have the money,but no jobs.The Malay or Chinese won't even put you in their shops because they believe by doing so most of their customers won't come again.

Tell us Mr.Sus101,did you work formally to make your money or did you do other things?pls make it clear.We are talking about formal employment here not business,anybody can do business if he wishes.

If you want to get reliable information in Malaysia ask the Taxi drivers,they will tell you everything thing you need to know.They are just like the Okada men in Nigeria.They have information which even the president doesn't have.

What i stated above is just my opinion and view about Malaysia based on the information available to me.This should not be regarded as an official information.Users beware.

Thanks.

@steve_101
The fact that i live in cheras doesn't mean i dont know what is going on in other places.I move around and often hangout with my friends from Malaysia,Singapore,Iran,Cameroun etc.I have been to mostly all the good places in KL.So I am well informed.

Your case could be one in every 100 Nigerian.

.Yes,I live in cheras.What i can say is that Malaysia is a good country but not for Africans, not to even talk of Nigerians.There are no jobs and most Nigerians get rejected several times in most schools. Africans rarely get work permit,unless you are a high level professional.The only cheap thing here is water and maybe transportation.Most Africans here are into internet scams(99%) and women into prostitution(90%). Our guys are fully into these Indonesian and philipine ladies,i pray they don't contract HIV  because its prevalence rate is high in Malaysia,even though there are no official statistics to that effect.Most Africans here are already frustrated and the rate of ignorance among them is (80%),even though everybody claims to be a student.

There are alot of things to write about,this is just an insight. I rarely have time.

This issue is so simple and straightforward.

We have different categories of Nigerians living abroad.

Some continuosly develop themselves and can wake up anyday and fit back into the system back home.
Some start well overseas and get stuck at some point.They cant either move forward or shift to reverse gear.Always one excuse or the other to hang on here.
Some come in here as the only hope for a better future.They certainly have no stake in the structural design of Nigerians economy.
Some have no ambition.They simply come here to study but end up following the wagon of obtaining foreign passport which will eventually be useless to them.

The plain truth is, either in naija or abroad, educated or not educated, in as much as you can afford the basic things of life and a few luxury,you are successful as a Nigerian.

My point is, we need to be honest with ourselves. I have met Nigerians with less than two yrs in UK complaining about electricity or security back home but they av been in that system all there flipping life before coming here. They end up living from hand to mouth,in an unskilled work, yet forming janded.

We need to face reality, if u r well educated, no matter how difficult naija is, u will always breakthrough at the end of the day. Nigeria is not a write-off.

UK and oda developed economies are at their boiling point. Even office workers cant save. Who can confidently say i am the MAN in my house without the wife's support in UK? There is no need to condemn, lets just deal with the thread and stop been short-sighted. Its not like the developed world is glittering. People with yankee passport sef dey run go Nigeria not to mention UK, mshew(kip fooling yourselves).

I think you are among the few sensible Nigerians abroad,keep it up.

President Goodluck Ebele Jonathan is responsible for this criminal behavior in many Nigerians youths, having served as Deputy Governor in Bayelsa, he used his enormous resources to arm youths with fake travel passports and his wife bribed UK immigration to let them pass so they can establish MEND UK for the purpose of fighting Oil Giants on their own turf. rather than stick with the plan, the Militants decided to get married to secure a better life. GEJ is to be blamed for all this


Nigerian problem has been existing before GEJ came into politics and he can do little or nothing as a deputy,VP or even president for this short period. It took president Lee 30 yrs in office to build Singapore.

Oh please don't even go there, when it comes to sham marriage crime in the UK, Pakistanis and Nigerians lead the table, Chinese pple in the UK have their own identity in crime league in the UK, do your research b4 u post.


My concern is,why can't we come home if we have nothing so serious doing abroad? Nigeria's ranking in crime is overflowing.If you listen to news everyday you must hear one.Every society has its own share of crime and criminals,if not y are laws created?But Nigerian situation is becoming alarming.

The ref.to China is to buttress the fact that it is not as such difficult to do business in Nigeria as people perceive.In reality,it is even more difficult to do business in China than Nigeria,and yet people make it in china.Simple belief and identity does the magic.