₦airaland Forum

gidgiddy:
The current constitution of Nigeria does not recognise anything called "geopolitical zones" or Regions, they dont exist except on paper

Likewise Ironsi made it clear that his Decree made the regions unrecognized hence what had become recognized under him were groups of provinces.

Kewekubosineh:
Hmmmm

Your narrative is full of innuendos and mischief. Aguiyi ironsi meant well for the country but centrifugal forces set in and put paid his ambition to correct the ills that led to the putsch.

But a close look at Nigeria's political circuit indicates same flaws that led to 1966 putsch. Misrule and corruption still germane in the system. Coupled with croynism, grovelling bigotry and nepotism in the conduct of public affairs.

The only rational conclusion is systemic and revolutionary fervour to remove those causing the problems.

In a democracy the only correct way to remove those perceived to be causing problems is for the self assumed messiah to resign from either the public or civil service, contest for office with convincing campaign of how he can correct the systemic flaws, and then on getting to office actually correct those flaws through constitutionally stipulated methods. Anything short of that smacks of ulterior motive. At the point of being decorated as the Supreme Military Commander of the Nigerian military, Ironsi solemnly swore to uphold and defend the constitution of the Federal Republic of Nigeria at all times and under all circumstances. Did the constitution he swore to defend make provision for military take over of power from civilians? A big NO.
What was legally needful of Ironsi at that critical point in time was to save democracy which the January Coupists had already attempted to assail and destroy. Hence Ironsi was only supposed to court-martial the coupists, and get them face firing squad, then swear in Alhaji Dipcharima whom the parliament threw up as replacement for the slain Tafawa Balewa, replace the slain premiers with their deputies and returned to the barracks honorably as a career military man. If Ironsi had taken this other route of honour and immediate restoration of democracy, do you in all honesty think that the counter coup would have ever happened talkless of the Northern pogroms and the resultant avoidable civil war which took millions of innocent lives? We should be able to look at the larger pictures of every issue we debate rather than justify missteps of those saddled with positions of high responsibilities.

gidgiddy:
Each Region was a group of provinces same as each State into today's Nigeria is nothing but a group of Local governments. If I choose to call Anambra State 'Anambra group of Local Governments', does not change the fact that Anambra state is still there as an administrative unit. The terminology did not make Anambra disappear. So if Ironsi's administration chose to call the Western Region, the Western group of provinces, thats what they were anyway.


It was military rule, not democracy. In military rule, you take orders from your boss. How do you people expect military rule to be democratic? Are you people aware that Ironsi didn't take away resource control from the 4 Regions? That each Region controlled it's resources under Ironsi? Are you people aware that after Gowon came in, he abolished the 4 Regions with Decree 14, created 12 new states to replace them, then he removed resource control with Decree 15?

I laugh at peoples ignorance

Our current six geopolitical regions are groups of states. Now does that mean we are currently practising regional system cum true federalism and resource control?

Glistinin:
He abolished what is still standing till his death? There's no argument anyone will bring up that will make any meaning in this case.

He said it with his own mouth that what was standing during his reign were groups of provinces and not regions. In fact he referred repeatedly to the regions as 'former regions: so I am wondering how you came about the assumption that regions were still standing as at when he died.

gidgiddy:
All of this is not the argument. The argument is that you people said Ironsi abolished the 4 Regions Nigeria had

Yes he abolished the regions and changed them to groups of provinces.

gidgiddy:
No military rule allows people to enjoy the same powers they had in democracy. Military rule will always take powers and centralised things, thats how they operate. But thats not the argument

The argument is that you people said Ironsi abolished the 4 Regions Nigeria had. We are glad you guys now realise it was Gowon that did that when he created 12 states

Go and read Ironsi's broadcast very thoroughly and you will see where he said that he himself ran a federal military government from January to May 24 before he decided to convert the structure to National Military Government. So it is a lie that the military cannot operate a decentralized system.
Also, if decentralization is not possible with a military administration, then why did Ojukwu propose confederacy at Aburi and stood by it so strongly that he declared war on Nigeria when it appeared to him that Gowon was not agreeing with him about it? Recall that confederacy which Ojukwu proposed in Aburi as a military officer was actually an extremely decentralized system to be headed by the Supreme Military Council which itself was a military administration. So forget all these your primary school stories that the military does not operate a decentralized system.

Kewekubosineh:
You don't comment on issues you know little about.

Aguiyi ironsi wasn't tribalistic,but was trying to build a new nation reeling from January 15 coup. Unfortunately, centrifugal forces set in and put paid his ambition.

The northern officers in cahoots with emirs and community leaders instigated pogroms which ultimately consumed the nation. The follow up was civil war and total conflagration of Nigerian state.

You were not born in then. So, stop your posturing.

What led to the pogrom still playing out today.

You are being disingenuous. The crisis which Aguiyi Ironsi claimed informed his decision to take over government with the view of finding solution to was remotely caused by Tafawa Balewa's abuse of power which was his illegal and unconstitutional intervention in the purely internal affairs of the Western Region. Please recall that the whole trouble actually started when Tafawa Balewa illegally declared a state of emergency in pursuit of political advantage of his NPC-NCNC coalition to truncate Akintola's impeachment proceedings which was the desire of an overwhelming majority of the Western Region House of Assembly members. Tafawa Balewa's interference sparked off a cascade of events which culminated in the ill-advised January 15 1966 coup that only added salt to injury and threw the entire country into further chaos. Now, common sense dictated that any military man who took over power with a genuine intention to correct the system and rescue the nation should have removed more powers from the center at least to forestall Balewa's kind of illegal interference in any regions purely internal political affairs. But what did Ironsi do? He promulgated decrees which even further strengthened the center for greater abuses of power by future rulers. That means Ironsi didn't really have any intention to correct the structural ills of the system but to pursue a totally different agenda obviously for the benefit of his Igbo race.

gidgiddy:
Thats what happens in military rule, it is not democracy where you keep all the powers you have. When you go back to civilian rule, you get those powers back. The decree 34 you people keep talking about was about the civil service

What is the function of the civil service? Below is what AI has to say:

The civil service plays a crucial role in governance. Key functions include:
- *Policy Implementation*: Execute government policies and programs.
- *Public Service Delivery*: Provide essential services like healthcare, education, and infrastructure.
- *Regulation*: Enforce laws and regulations.
- *Advisory Role*: Offer expert advice to ministers and government officials.
- *Administration*: Manage public resources, including finances and personnel.
In Nigeria, civil servants operate at federal, state, and local levels.

Now, if you centralize the civil service, it logically means you have stripped the regions of their powers to carry out all of the above functions. Then have you not by so doing abolished the regions and killed resource control?

gidgiddy:
The regime of Ironsi called the Regions 'group of provinces'. That what the Regions were, groups of provinces. The Eastern Region was made up 20 provinces. Its like calling a state a group of LGA's, thats what States are

No matter what Ironsi's regime called the Regions did not change the fact the Regions were still there

The mere fact that he called them groups of provinces simply means that he himself knew he had altered their structure else he would have retained the regions nomenclature. Yes, states are groups of LGAs, however we don't officially call the states like that because the LGAs are actually not autonomous and independent of the State Governments.

spiSeyi:
The Civil war was an open cheque for the Yoruba to seed when the war broke out and the Biafran soldiers entered Ore . The western region should have declared their own Republic while they push the Biafran army out of Ore, and Awolowo shouldn't have joined Gowon in the fight.

Awolowo never believed in violent breakaway characterized by bloodshed, and that explains why he always sought secession through the parliament by way of moving motions severally for secession clause which Azikiwe and other Igbo leaders frustrated. So arguing that the Ojukwu secession declaration was an opportunity for Awolowo to declare secession of the Western Region too is disingenuous. Awolowo was a leader who strongly felt accountable to those (Yorubas) who believed in him and therefore chose him to lead them. So his responsibility to Yorubas was not only in the aspect of getting them the best dividends of good governance but also never to engage in any action or support any policy that would put the lives of Yorubas in harm's way. No secession project is worth the life or blood of any Western Region citizen in Awolowo's philosophy. This was in sharp contrast to Ojukwu and Azikiwe who didn't mind putting the lives of innocent Igbo civilians on the line in pursuit of a political objective which was obviously very unrealistic. Don't a lot of Igbos now wish today that the civil war never happened?

discusant:
Nigeria tribalism worsens as the years go by.

Presidents from the SW worsen Nigeria.

Obasanjo refused to stamp out sharia in 1999 when Sani Yerima brought it.. Sharia enlarged and became like a cancer.

In 2023, Bola Tinubu emboldened global Jihadists for a Nigeria to be governed with Sharia criminal laws when he took to Muslim-Muslim presidency for the first time since 1999, in a country nearly equally divided between Muslims and Christians.

Obasanjo refused to stamp shari'a out when Yerima and his cheerleaders began the madness. Even Umaru Musa Yaradua became the first governor of a state to officially sign sharia info law in his state. But because of the love for PDP Igbos joined the North and voted massively for Obasanjo for a second term, and again joined the North to vote for Umaru Musa Yaradua for president while Yorubas resisted these two figures. So how is it now the fault of Yorubas that extreme Islamic ideologies are being forced down our throats today in Nigeria?

spiSeyi:
After going through the history of the coup I understood why there shouldn't be Nigeria in the first place. Guess what , Akintola and Tafawa Balewa caused this coup. If you read our story since 1956 till date you will realize that nothing has changed in our political scene. Tafawa Balewa declared state of emergency in the western region just like Tinubu did in Rivers and that was one of the reasons that provoked the kaki boys. Awolowo & Zik fvckup big time , there shouldn't have been a country called Nigeria in the first place

Did Awolowo join Azikiwe in preaching the doctrine of the non-negotiability and perpetuity of the unity of Nigeria?

gidgiddy:
Im not after what Ironsi is purported to have said, Im after what he did. If Ironsi abolished the 4 Regions Nigeria had, why did he still have 4 Regional Military Governors the day he died?

Did you read the Ironsi's National Broadcast that the monicker shared? It is clearly stated there by Ironsi himself that those governors were in charge of groups of provinces and not regions. Please read it again but slowly.

gidgiddy:
So if Ironsi abolished the Region's, what were Fajuyi, Ojukwu, Katsina and Ejoor governing the day Ironsi was killed?

You don't ever get tired of these your revisionist tales by moonlight. Ironsi broke the regions down into provinces which he regrouped and redefined as groups of provinces now headed by these four military governors you have listed above. When Gowon took over, he began to reverse the groups of provinces back to their original regional forms but in the process of so doing Ojukwu declared Biafra and to frustrate Ojukwu's moves, Gowon had to halt his restoration of the regions and then break them down to states to weaken Ojukwu. So anyhow you choose to look at it, it was Ironsi that first tampered with the original and actual regional structure before anyone else took it further. So stop all this your beer parlour revisionism stories and kiss the known truth for once so that the devil will be ashamed.

Obi's problem is simply his belief in seeking ready made grounds. He doesn't believe in building a platform from the scratch and patiently waiting and nurturing it to maturity and then using it to launch himself. His figures in the 2023 elections which were actually more of protest votes against Tinubu's Muslim -Mislim ticket than an organic electorate preference deceived him into assuming a Messiahnic perception of himself. If Obi had sat down to carefully study recent political history of Nigeria from 1999, he would have learnt that Only Obasanjo and Jonathan rose to office without real political structure but by either luck or backing of the Northern Oligarchy and their Southern collaborators. Tinubu and Buhari on the other hand took the pain of first converting their organic support to a registered party with which they negotiated alliances that brought them to power. Atiku 's perennial ambition failure is his lack of will, just like Obi, to carefully and patiently grow his organic support into a formidable national outlook party but always jumping ship from one party to another. If Obi had after the 2023 election quickly consolidated his Obidient base into a registered party, he wouldn't have been in this mess of uncertainty of his candidacy ahead of 2027 now.

GeeKudi:
Yeah. He doesn't give dividend but when it's time to move, it's usually phenomenal e.g. AFRIPRUD, UCAP.

Agba suggested picking TRANSCORP after Q1.

I no longer see that phenomenal move in UCAP for now except they deliver a very unprecedented fantastic result with a new all time highest dividend. Their last bonus issue really diluted their per share data quite much.

chimex38:
Deadlytruth from Deadlytruth

Thanks

wiki15:
I hope hoarders of Fortis Global Insurance stocks are aware that price will never go up to their dream 1/2/5/etc naira except there is the sale of at least 100k units bought as a single trade per day?
Because haba!

According to Pastor Tunde Bakare, one of the most costly acts of kindness is when you toil and labour very hard for years making sacrifices and bearing unspeakable pains in pursuit of a dream, and when that dream finally materializes, rather than enjoy it yourself you, in the name kindness, hold it out to someone who was never part of the sacrifices and the pains, and then say "Come and take". He added that even God himself will not be happy with that your kindness.
So you want those of us who have suffered almost nine years of the pains of losing hundreds of thousands and even millions in Fortis amidst pain and fear of delisting to, at this time of opportunity to reap, just call you and say; come and take, just because we want to deliver 100k units to move price up? Abeg if the moneybags in Fortis are not ready to release 100k bloc units, let it remain where it is. We the ordinary shellholders are not in a hurry. After all we did nine years inside it already. Lol.

Streetinvestor2:
How much is presently the living insurance companies on ngx like prestige, guinea, veritas universal.And you are talking of dead insurance. Let the price get close to #1 and you see all that bid disappear. You didn’t see it happen in aso savings before it was suspended. Leave all those bids stock brokers are all placing to push it up so they can japa after it has been written off as loss for yrs
It is game of the smart that is being played here

Are the likes of Custodian, NEM, IEI not insurance companies? Recall that IEI, weak as it's numbers are and was even being rumoured for delisting last year while at N1.2 or so,has weathered the storm and is at 3+ today. The fact that Fortis was even able to fight NAICOM's license withdrawal in court and win, survive the technical suspension and finally return to business to the extent of meeting up with results release up to date to the effect of release from technical suspension is evident enough that anything can happen in this NGX. I won't be surprised if I see this Fortis Global at N10 per share much later on. Recall that when RT BRISCOE was at N0.2 it was written off totally on this thread as a no-hope-stock? But here it is today at above N10 meaning who ever bought it at just that 20kobo in 2022 now has his investment multiplied by 50. Can you beat that?

Streetinvestor2:
If u see #1 make u thank God

We shall surely see N2 for a stock with full bid today to the tune of over 400m units in bid but buyers got only about 2.5m units to buy. Recall that Standard Alliance used to be in the same league with NEM, CUSTODIAN, IEI of those days, and AIICO Just before the crash in 2008.

zendi:
Don't mind me, I will soften my stance along the way. That 5 na initial braggadocio from intoxication with happiness.

Exactly. Please try soften it o because with an OS of almost 13bn, I don't think the price will go very high. Had they done the rumoured reconstruction of 1 for 4, then the OS would have come down to 4bn plus and with the 0.38k EPS of their last good result, the N5 hope would have been valid. But however, this does not rule out the possibility of miracles that will defy all my analysis paralysis above .

mikeapollo:
Have you graduated now?
Because school fees may continue if you have not graduated yet

I will finally graduate when it gets to my price. Even if I will later pay school fees, at least it won't be this much. Lol.

zendi:
This is how you know some of us old timers in this market.
A Gamble wagered 7 years ago that ended in a death-like trap.

Thank God it did not pass from coma to death;
From suspension to delisting like many did.

All this my celebration is for just a tasere sub 1 million units, not a fraction unit of which is for sale under 5, no fex...

Same here with sub 1 m units. But this N5 hit will be a miracle. For me, once it his N2, jumpiing out follows.

So happy to see Standard Alliance now Fortis Global out of technical suspension. It is the last school fees stock in my portfolio.

nosa2:
As someone who is bullish on banks I am excited reading this

Banking stocks are too static for my liking. Even with very excellent results, banking stocks would just shake a little and then relax again. This is due to very large OS for most banks. Only Stabic IBTC is the exception due to its relatively low OS of 10bn unlike others having 30bn and 40bn.

yMcy56:
Lol.
Someone close, a distant neighbor called me yesterday that she would come and see me over the weekend to explain these things to her...
That someone somewhere told her to be trading stocks and she now remembered me that has told her about investing a long time ago but she refused....
I was almost begging her to even open a trading account even if she didn't fund it, let it be there, so that once she changed her mind, she can fund it.......
Always sending various Public Offers to encourage her but yet not bulging......
Na yesterday she remembered say she get my number.....😁
I've been thinking of the excuse I'll give to avoid meeting with her....😁

Meanwhile, at least if they're trading, let them remember to be taking profits along the way.....na the season be this btw...😊

The bolded got me rolling on the floor. I can't agree less. Honestly this is not the best or right time to bring someone especially a close friend to the stock market. Prices have risen so high that any new entrant into any stock this period is likely to receive deep hair cuts. I too am having someone asking me for stock recommendations for him to buy next week Monday. He has opened an account with a broker and deposited N1.5m. I have told him to just let the money to be sleeping there rather than use it for experiment on any stock as of now.

LegendHero:
This life be like dice walahi.

Northern CAN were against anything APC in 2023 but now they are trying to defend an INEC chairman appointed by APC government.

A very interesting irony.

Softmirror:
Good luck Jonathan start all this with his Niger Delta amensty program.

Niger Delta Amnesty program was initiated and started by Yaradua.

franchasofficia:
Very sound argument from a reasonable human being.


You made very valid points and yes you are very correct with your points.


I understand it was convenient for them to tag it an Igbo coup considering the points you raised, but then, the counter coup which was bloodier and led to heavy Igbo casualties in the military was more than enough revenge for them to stop. Extending their revenge madness to Igbo civilians living amongst them peacefully before the first coup has no human justification. It was purely done out of decades of hatred, envy and suspicion of the Igbos being the most successful tribe occupying key positions and thriving in all regions as at then.


It was not about the purported Igbo coup or the claim that some civilian Igbos mocked some Hausa-Fulanis for the death of Ahmadu Bello, it was all lies fabricated to support and justify their inhumane act against Igbo civilians.


Mind you, before the January 1966 coup by Nzeogwu and co, there was a massacre of Igbos in the North by Northern Moslem fanatics around 1955 or so, why didn't the Igbo coupists use the opportunity of the January 1966 coup in which top Northern leaders and military were killed to extend their revenge for the Igbo massacre of the 1950s to killing civilian Northerners with the excuse that Northerners first killed Igbos?



You cannot deny the fact that Northern Moslems have always been thirsty for innocent peoples blood right from the 1950s, all thanks to Uthman Dan Fodio's violent way of trying to expand Islam at all cost in Nigeria and the Sahel.


Let me tell you the hidden truth, the hatred for Igbos by Northern Moslems is all about religion; Islam. They only hid it behind politics to deceive, convince and incite the rest of the North and Yorubas against Igbos.


In Nigeria, Old Eastern Nigeria dominated by the Igbos then was the only region and tribe that vehemently rejected Islam. Back then, you can hardly find one Igbo Moslem. Igbos vehemently rejected everything Islam and became an impediment to Uthman Dan Fodio's radicals spreading Islam beyond North, so they saw Igbos as a stumbling block that should be removed completely but the rest of Nigerian Christians are ignorant of this reality but will always align ignorantly with the radical Northern Moslems to fight Igbos thinking it's all about politics and stopping Igbos from dominating, dominate who and how?


How have Hausa-Fulanis dominating Nigeria helped Nigeria if it's all about who dominates who?



Though Middlebelt Christians later realized their mistakes around the late 1980s to 90s, but the deeds have been done by then, when their sons in military realized that they were being used by Hausa-Fulani Moslems to push for their dangerous Islamic Jihad war in Nigeria and waging war against Igbos whom they saw as the pillar of Christianity in Nigeria. This was what pushed Major Gideon Okar to carry out his coup which was more of a radical revolution, go and listen to his speech to understand my point.


Gideon Okar's coup was another missed opportunity to savage what was left of the dying Nigeria then, that coup would have reset Nigeria honestly.



So if you observe the pattern of events till today, you will realize that Northern Nigeria have always disliked Igbos and took Igbo matter differently and always interpreted Igbo matter with a harder stand all because of religion; they see Igbos as the pillar of Christianity in Nigeria and the main stumbling block to the expansion of Islam down Southern Nigeria. That is why they always act dangerously against Igbos at any slightest national political disagreement, you saw it under Buhari too, the same scenario has been repeating before and even after the January 1966 coup and civil war.



But it's fine, it's the price Igbos have to pay for standing up for Christianity and saying no to radical Islam expansion in Nigeria, unfortunately the rest of Nigerian Christians think it's an Igbo peoples war (especially Yoruba Christians), maybe by the time they will realize their mistake, it will be too late, maybe.

Your defense line here revolves around the argument that the coup was directly or indirectly in revenge for the pre-independence massacre of Igbos in the Northern Region. This argument is fundamentally flawed for two main reasons:
1. If the coup was in revenge against Northerners for hating and killing Igbos pre-independence because Igbos embraced Christianity, then why did the Igbo revenge through the January 1966 coup take the lives of Southerners like Akintola, Okotie Eboh, etc who were even Christians too? So because Northern Muslims killed you for being Christians, rather than kill Northerners in retaliation, you decided to kill fellow Southern Christians? Please help me make sense of this.

2. If the coup was an attempt by the Igbos to retaliate for being killed by the Northerners, then you have implicitly agreed that it was an Igbo coup.

franchasofficia:
Not everybody, it's all about Lagos APC manifesto created by Tinubu and being spread across Nigeria through APC.


It's the Edo State APC Governor trying so hard to please Bola Tinubu and his Yoruba APC brigands, not surprised, their era will soon come to an end

So Monday Okpebholo was the governor 8 10 years ago?
Your likes celebrated when Edo State Government barred Edo resident fulanis from installing Emir of Fulanis in Edo State. What now is the difference in principle between this judgement stopping Eze Ndigbo installation in Edo State and that of the Emir installation in the same Edo State?

This is a welcome development. I can't imagine my Edo State state being referred to as a no man's land. This judgement nips that rubbish in the bud.

dapix:
https://doclib.ngxgroup.com/Financial_NewsDocs/45154_OKOMU_OIL_PALM_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_OCTOBER_2025.pdf

Another impressive one from Okomu.