₦airaland Forum

This is just the beginning. If Davido and Wizkid are guilty, they'll roped in too. That his youth service was revoked should tell him he cannot bribe everybody to have his way.

That judgement was a big travesty.

This is quite unfortunate. By the way, who gave the go-ahead for there to be cooking on-board a train? Is that a norm or some people begged to be allowed to cook and the driver okayed it?

People in authority need to learn the art of saying no and sticking to it, no matter the begging and pleas. Just thinking wild. So bad.

More arrests are in the pipeline. If EFCC can "harass" former governors, these so-called singers, shippers and estate developers doing yahoo to cover their tracks are like butterflies to EFCC.

Brainiac12:
Use the baby do barbeque for am .....
Where's MANNOBQRUILLS when he's needed

With the way you post balderdash, I wonder how you expect to have clients through Nairaland. Do you have the fear of God at all? Do you think you're even mentally sound? If this dead baby was your sister's missing baby, would you make this joke?

Interesting

Wow. The way they even bring back the remains of their soldiers from foreign countries to come bury in America with full military honors always tells me that this people are different from Nigeria million miles apart.

This is Judge who knows his onions and is a nightmare to corrupt people. Most defendants always cry for their cases to be moved to another judge because they know he's not malleable.

Two years ago, a US judge told Michael Flynn, a former US General that the crime he was about standing trial for would send him to jail if he was convicted, even before the trial began. The judge went on to convict him several months after.

modelmike7:
..and your own dead wailing brain has not told you to make a thread out of this good story since you know the source.
Ass lickers of thieves attacking the messenger and ignoring the beautiful message by .
Una go just dey carry una body odour everywhere!
She is definitely all of you nightmare in life. losers in pains. keep doing your thing. I am with you.

LOL. You had to spring up your alternate moniker to come defend yourself. So low of you. You're even saying "she" to yourself . You want me to show you your photo?

PoliticalWitch:
1.It is big corruption

2.I should note that government has solely been in charge of importing fuel since 2017 at least..

3.Basically, when the oil price remains low, the price remains stagnant because the government is also reliant on oil prices....to pay for maintaining the subsidy. Therefore reducing price of petrol when oil prices are low...means that the amount of money on subsidy has to be increased...which government cannot do because the revenue is falling...due to low oil prices.

4. Continuing from the low oil price angle, reduced revenues means that the value of the naira falls relative to the dollar because there isn't enough forex to buffer the value of the naira.As a result....the price rises. (in reality N145 today is equal to what N65 was in 2010 in value because the oil revenue we earned in 2010 was higher than what we are earning now ).

5.Add the fact that we import as much as 60% of our petrol(because subsides potentially would prevent any domestic refiner from making a profit IF he or she refined oil at home)...which adds to the expense of the subsidy. At the moment it costs N200 to import one liter of fuel. NNPC sells to marketers at N137....and then marketers sell at N145 (ROUGHLY SPEAKING)....while the N63 deficit is covered by subsidy).

6.If prices increase...ie oil prices increase...because of the debts we accumulate when oil prices are low...much of that money goes into debt servicing...meaning that monies available for subsides aren't enough. In the bad old days when everyone imported fuel....that could mean reduced profits...so either prices go up, or many marketers operate at a loss...

As an example...in 2016...fuel was selling at N87, WHILE landing costs was at N132 PER LITER. (This was back when everyone was importing fuel...and at the same time oil prices were at an all time low of $30 per barrel). Government increased prices to N145, thus (temporalily) ending the subsidy...and allowing marketers to make enough of a profit to import adequately(In 2012, GEJ tried the same thing...increasing prices from N65 to N140, while landing costs were N99 per liter...before protests forced the price to N97...meaning that government paid subsides of N2 per liter. We could 'afford' it as oil was at $120 then , now we can't as oil is at $59....and even then, it still hurt our econonmy then, as at now).

Thus it was sustained till landing costs shot up above N170 IN 2017...at which point government stopped everyone from importing, and made NNPC the sole importer, while paying NNPC a subsidy. Marketers sell fuel at N145...while making a low profit of at least N5 per liter (and some smuggle fuel to Niger and Benin where they can make profits of N163 per liter as fuel sells there at N300 and above..).


7.The solution would be for government to

a) STOP PAYING SUBSIDES
B) ALLOW MARKETERS TO SET THEIR PRICES AT WHAT THEY WANT
C) PRIVATISE NNPC....
D) Provide concessions /enabling environemnt to refinery owners to build and refine fuel and sell at whatever.

The reason why government does not want to do that is because there would be riots across the country(see Ecuador where the government was forced tobacktrack from removing oil subsides because of protests...shades of 2012 Nigeria)...so we keep on sustaining a corrupt and ineffieicnt subsidy system in the name of 'the people', while looting continues.

As demonstrated in the article OP published.

Thanks a lot; this is quite comprehensive and understandable.

dumo1:
It's called landing cost

Do you care to explain what you mean, because this is a technical word.

The truth is that education at federal universities in Nigeria is almost free. I know a very well-known FUT that was charging ₦30K per session whereas parents pay as much as ₦60K per year in some dilapidated primary schools .

At least Buhari can now see that fuel subsidies payment is not a fraud, like he used to tell us before he became president. This man was and is still very uninformed about a lot of things.

I still have a lot of reservations about it though, one of which is: Why should the price of PMS always remain stagnant even when the price of crude oil crumbles at the international market? But whenever crude oil prices rise, the marketers approach the FG to demand for extra payment?

Who has an answer, because I really feel this is a big corruption?

I hate Berger paint.

And there's even very high probability that those monies were proceeds of drugs, despite the fact that Indonesia probably has the strictest antidrug law - execution.

LifeDrama:
He who laugh last, laugh the best.

This people don't know that EFCC can ring the country they are hiding?

Ok, they are in Ghana and Ghanaian goverment is not as foolish as Nigerian goverment these guys are helping the country and boosting thier economy

So it's foolishness to arrest scammers? When you wake up tomorrow to see that your ATM card has been hacked and up to N800K has been moved, will you still say this?

Wiseandtrue:
It's represents zombies, even with your eyes wide open, you still can see a thing!!!

No just quote me again

What's the meaning of "It's represents"?
And BTW, do you expect people to close their eyes before they can see? Just stop spreading negativity and making silly comments.

Wiseandtrue:
You will need to re-unite with your brain maybe you can reason better!!!

Don't think I will waste my precious time on you, I have better news to read!!!

What does the attached photo have to do with the comment? Well, take care and try take your time to make rational comments not just jumping from threads to threads with negative vibes.

Wiseandtrue:
Buhari's hardship laws/policies are only for the poor/masses!!!

I'm sorry to say but there's hardly a difference between the way you comment and that BBQ guy - always off-key.

Olasty:
I don't know why my phone cannot download here is my what's no 08139752695 check my pix on do can send your number to send the video on whatsapp

I saved your number, but could not find you on Whatsapp. Check the number again.

ifyalways:
Another two-storey building collapsed at Ojuelegba area of Lagos on Thursday evening, 12 days after the collapse of a three-storey building at Magodo Phase 1 in the state. A correspondent of the News Agency of Nigeria (NAN) who visited the scene at No 7, Rufai Street, Ojuelegba, said no live was lost in the incident which occurred at about 8:55 p.m. on Thursday.

Some of the residents, who spoke with NAN, said that virtually all the inhabitants had vacated the building before the crash but still had some of their belonging inside the building.

According to the tenants, the building actually started collapsing gradually since Oct. 18. Mr Emeka Anozie, one of the residents, said that when a window from the back flat collapsed around 7 p.m, he alerted all the remaining tenants who were busy removing their belongings to come out, adding that the entire building collapsed few minutes later.


NAN also learnt that the Lagos State Building Control Agency (LASBCA) had on March 25, 2019 marked the building and warned the residents and the landlord to vacate the premises . NAN also learnt that LASBCA also served another notice on the landlord on May 21.

The Director-General, Lagos State Emergency Management Agency (LASEMA), Dr Olufemi Oke-Osanyintolu, said he immediately mobilised his team and other safety agencies to ensure protection of lives and properties in the area. NAN reports that environment and safety officials of the Lagos State Government have commenced demolition of the collapsed building.
^^^^

Different from the OPs scenario. A building collapsed but was the OP affected? I think not.
If she were affected her story is not a true reflection of what happened.

All that you highlighted (or the entire article itself) actually tend to lend credence to what the OP stated. However let's wait for him/her to really prove he/she was a victim.

Scripted to make Davido trend, a day to the release of his new single. Full Stop.

He cleared hospital bills of thousands of patients in all the hospitals or just a single hospital with less than 10 patients? This thread can't even smell front page because it's a hot lie.

MODIFIED: The Mods have expunged the lie.

Africa needs to come together and plan on how to liberate themselves from collective slavery mentality. How come the Chinese and the Europeans are still the ones building our railways and even roads till date? What exactly are our universities for then? Is it not time we begin to rent them too to come and help us run our central banks

The south (SE, SS and SW) has the highest number of judges in the Supreme Court, but for what I don't seem to understand, it's the north always producing the top three positions in the Judiciary - CJN, CJfhc, PAC. I think it's a systematic conspiracy.

OK

So any country can just sit down and form a them-Africa forum and railroad all African countries into their country for a summit? Even India sef too. Chai
When are we going to have a Nigeria-European Summit where we bundle all European countries to Abuja for a summit? Or an Egypt-Asia Summit? I hate this low self-esteem and neocolonialism these African countries are allowing every Tom, Dik and Harry to use them to play.

Astark:
lol common France have more GDP than all African countries combined.

When Africans are busy looting themselves and killing their future what do you expect? Very soon Syria will overtake Africa

Africans need to start rejecting these so-called summits. It's an embarrassment whether their economy is 10,000 times our own or not.

MODIFIED: It's like they even gave each of them blue and green suit uniforms to wear

The level of order in Japanese culture is mind-blowing. It's a country I'll like to visit every year in the near future.

I don't like monarchy, but because of my love for Japanese people, culture of bravery, orderliness, and military intelligence, theirs is an exemption.

barragan:
By bravery do you mean, suicide? Kamikaze style? Hardly can that be considered a good thing.

Not kamikaze. Read Wikipedia entry on the Second World War II and all the intrigues that panned out in the Japanese Imperial palace and also how even when their govt surrendered, à group of die-hard soldiers refused to surrender until more than 30 years after.

ali1saidu:
but it zaps dunno if someone is experiencing that.

jumper524:
Ur not alone my brother, had to download data manager to monitor my data consumption and bro my records is reading 1.5 gig whereas Airtel has removed 2.7 gig, I no understand them again, everybody na yahoo now oo..

Toma2:
Same here

It's not Airtel. Download Data Eye from Google Play. Then deactivate Download under the list of apps eligible to use data. Only switch on Download when you want to download an app from Google Play. You'll see the difference.

Shameless lie. Then who has been embezzling the budgets to purchase new ones or you wanna tell me that it has never been included in the budget before

For those of you already calling him names, I think you all have short memory or are just being mischievous. I don't understand why the OP is dissing Kanu because o know he used to be a staunch supporter of his. So you guys should ask him the reason for the sudden change.

SarkinYarki:
Who is Patrick ? You are mistaking me with someone else ..I am not a regular here

You want them to list out all your monikers? You know that your Aideed was banned just two days ago and you quickly switched to this.