₦airaland Forum

onegentleguy:
feelers are that LOCO BANK PLC AND DIAMOND BANK may hit N5 next week !!

NOTE: This is not an Investment advise. ...onegentleguy does a lot of random thinking.
DD always advised pls.

I say a big amen to your prayer especially as per Loco bank.

Manonamission:
Access is not dead actually but I totally agree with your point. When prices are crashing, I move my money to a safe haven. This could be some stocks, cash or other investments. When the bulls are raging, I follow the trend, sentiments and I win.
I don't give a heck about a stock with fundamentals that refuses to move. My Diamond as returned c.200%, Transcorp is approaching 100% just from Q4 2017 making my portfolio surge at a scary rate. My loot will still go to the late comers like flourmill,wapco,Access, DS, ETI etc when they eventually move, if not I keep my stuff.

Different strategies for different seasons At my current level and stage in life, aggressive portfolio growth is my goal. When I grow up, I'll change strategy to capital preservation, steady growth and dividend income.

Disclaimer: I still won't trade some stocks o . Let me not mention them for the sake of others holding positions there.

I share your philosophy. I trade what I see and not what I am told I will soon see.

tritritri:
i cant believe am stuck in DF and DS. na wa ooh. i was enjoying the ealier bull but for 2 weeks now..na same price .

I have this feeling that the bull run is turn by turn. DS and DS ushered in this bull late last year and may therefore wait for other companies to have their turns which they are actually having now. I exited DF for FBN last week when this thought flashed through my mind from nowhere.

currentprice:
^^


God forbid, war in oil country cause increase in oil price

The $12.25bn oil windfall that disappeared under IBB's watch was a harvest Nigeria reaped from skyrocketed oil prices as a result of the Gulf War.

The reconstruction uncertainty which held CI LEASING down all this while has been defied by the raging bull.
It is clearly no longer a matter of FA.

DeRuggedProf:
I always say that the real money you can locate and ever dream to make is scattered on exchanges around the world...
A good trap will make you forget about setting up charity homes, called new start ups, and wasting your time lubricating lazy civil servants and a multiplicity of tax agents and area boys.....
Just a phone and data, no staff except you as the CEO and the cash keeps rolling in....

I have always told my financially illiterate pals that those who really make the biggest monies don't wake up half asleep, dress up and rush out of their houses in the name of going to work, but just sit in their houses and keep following trends in the investment world.

me3000:
stock like cadbury is giving me heathattack everything is moving and its going down

CADBURY's numbers are deep inside the red region. It is only for jijoing.

Bianco1:
https://trwstockbrokers./2018/01/16/asset-reallocation-triggers-n1-43trn-decline-in-fixed-income-market/

Activities in the fixed income market fell by N1.43 trillion in December, 2017 following asset reallocation by investors hunting for better returns offered in the stock market. Data from the FMDQ TOC Securities Exchange showed that transaction turnover in the fixed income market fell to N4.98 trillion from N6.41 trillion in the […]

....My good people this will be the year of the NSE!

Yesterday we just heard that over 250bn worth of maturing treasury bills will flow to NSE. In less than 24 hours we are hearing this next good news from you. I pray for at least 52 of such good news before the year runs out.
I foresee that NSE will the shortest cut to overnight wealth this year.

kolaish:
@Jejebaba

Above is my reply to the topic you brought on 18 December 2017 about suggestion for a man that need advice on Wema.

Let the man keep his eyes on Wema and sell at N1, then enter another stock. Gradually he will recover his investment on Wema.

Your memory is unshaken even by the bulls. I had completely forgotten the issue. I hope that guy will be proactive now as the opportunity for recovery has come his way. If he misses this current chance to exit WEMA, he may stay much longer the trap into future.

locodemy:
I know a friend who made it big then.He has been living large with the loot even unto this day.
I will make mine this year.stock or no stock in the coming years,I will live well with the loot till the next market bubble.
So everybody has to make the money now with any stock capable of delivering 100/300%.

I believe those who made it big back then in 2007/2008 were those who had a deep understanding of the market dynamics courtesy of having been in the market for at least 10 years prior to that time unlike most of us here who were either new entrants or at most just five years old in the market.
But thank God that we too have become veterans of NSE before the arrival of this crazy 2018 bull. 2008 experience made me a wounded lion, and I must devour enough prey in this opportunity.

locodemy:
Oga as long as Nigeria capital market is still bullish,expect skye bank to continue to rally in price.
Other car park stocks will even join the game.
Index will even hit 65,000 this year as speculated.
Make money with all your streinght now because an opportinity like this will not come in the next 8 years.

Yeah! Just as we had such opportunities in 2007/2008 and we never had if again until now after 10 years.

Cekpo34:
You are absolutely correct in your analysis!
I think what necessitated the centralization was the fact that he (Ironsi) was superior in rank to all the regional military governors appointed. It was a formal declaration of what was practically on operation since none of the regional military governors could take any decision without his input or consent. More so, when the Northerners protested against the decree, he pointed out that it was a temporal gesture. Btw, why do you think every other military head of state pursued that centralized structure even to the point that it led us to a civil war?

I really don't share the sentiment that a military administration cannot operate by a decentralized structure.
Please recall that Gowon's administration actually restored the regions to status quo ante through his own Decree 56 which repealed Ironsi's Unification Decree 34 thus reversing Ironsi's centralization of civil service. In fact Gowon intended to continue like that till the proposed time of return to civil rule. But as soon as Ojukwu made it clear that there was no going back on Biafra, he began to reverse himself in order to be able to successfully pursue the agenda of neutralizing and frustrating Ojukwu.
Please also recall that the same Ojukwu, who together with Ironsi, invented and peddled the argument that decentralized structure was alien to and impossible to the military, would later at Aburi make Confederacy proposals which even involved a highly decentralized army for Nigeria's future. He obviously "forgot" that he had once argued to the contrary just few months prior to that Aburi Summit. You can now see that decentralized system is not truly alien to the military but that only the pursuit of an abnormal agenda makes any military regime, Ironsi's inclusive, argue that such structure is alien to them.

KemjikaEme:
I would advice you to read non biased accounts and reasons for staging the 1966 coup by the coupist and non direct coupist then come back and correct your faulty reasoning.
If after reading the OP's article and a number of unprejudiced accounts out there and you still give the coup an ethnic colouration then there is something fundamentally wrong with you and millions of Nigerians out there.
There was no talk of any ethnic coup when the coupist laid down the reasons for staging a coup which was well received by Nigerians regardless of ethnic origin.
The aggrieved Northern elites and the British media succeeded in giving it an ethnic undertone which escalated with the perceoved slow execution process and the promulgation of the unification decree
Ironsi and the Nigerian military council was in the process of executing the coup plotters in October of the same year he was murdered in a counter coup by northern officers who wanted to avenge the death of their elites.
The hostility between the North and the igbos existed between way before the coup,so the coup was a launch pad to massacre igbos. In addition,a good number of the coupist and minor participants were non igbos who supported and cheered Nzeogwu after the coup.
It was never an Igbo coup to bring any igbo into power.
The reasons for the coup are well specified.

The coup is adjudged an Igbo coup not by the ethnic composition of its planners but by the pattern of its execution. In any coup a particular tribe must have the majority of the plotters and that doesn't automatically make the coup a thing of that tribe in question. How the coup ends up being carried out is what gives you an idea of the real agenda behind it. In the case of the Jan. 15 1966 coup the pattern of execution was clearly pro-Igbo as no Igbo public office holder in that government was killed despite the fact that the coupists cited corruption in government as their reason. How come they were so sure that all Igbos in that government were free of corruption while politicians of the North, West and Midwest were corrupt and deserving death? The coup was initially accepted, but when more later got to be known about the pattern of killings it started being rejected spontaneously as an Igbo coup.
Another reason why it was an Igbo coup was that Azikiwe (an Igbo no. 2 man in government) was initially the major target of the plotters but then later got a tip off and fled the country three months ahead of the coup execution day. He was obviously tipped off by his fellow Igbos in the plot. If it was not his Igbo brothers that tipped him off, then they would not have gone ahead with the execution knowing fully well that their supposed major "target" had escaped out of Nigeria.

Your claim that Ironsi had planned to execute the coup plotters in October sounds like a funny defense for a man who was not really keen on doing justice to them. Please recall that it took the same Ironsi less than three months to arrest, convict of treasonable felony and sentence Isaac Adaka Boro (an Ijaw man) to death for merely declaring the Republic of Niger Delta while it was taking him eternity to convict let alone pronounce a sentence on the Igbo coupists who murdered innocent civilians and army officers in cold blood.
On why he released only NPC members and left AG members to continue languishing in jail as rightly observed here; the NPC was the party with whom the Igbo NCNC had run the coalition government. A true peace maker would have released all the political prisoners of all parties and invited them to a round table for a way forward. But he was sectional.

Cekpo34:
He was never a politician and had paranoia issues about appeasing or further hurting some divides in the polity. Mind you, Northern participants in the coup, as stated above were not arrested....see the appeasement? I know he made a fundamental mistake by not trying them but we all know that what led to the counter coup was less of the trying, but the Unification Decree which attempted to centralize the system

Why did he centralize the system when no one was complaining against the decentralized pattern?
Let us critically examine the circumstances:
The crisis which attracted Ifeajuna coup was a fallout of an attempt by the government at the center to arrogate power to itself unduly and abuse same towards influencing the outcome of the internal affairs of the supposedly autonomous Western Region over which it was not concerned at all. Put in another way the centre violated the principle of regional autonomy enshrined in the constitution.

Now, common sense and simple logic dictates that anyone sincere and honest about rescuing the situation had no option but to reduce the powers of the central government to prevent future abuse of state power thus forestall any invitation to coups and chaos in future.
But, ironically, Ironsi decided to, through his Unification Decree, further concentrate more powers on the very center whose abuse of power had just plunged the country into a mess.
Was that an indication that Ironsi sincerely came to rescue the situation or to implement an agenda hidden up his sleeves all along?

onegentleguy:
Herein was my revert post to @ Loco some few days ago when he swiftly decided to exit the SKY @ level 0.53 ...Today that SKY is now @ level 0.91, and with still much room for more !! ...Just wondering which would've been a better decision between the SKY and OANDO within the given timeframe. ...Especially since my dear friend Loco is one who likes to sight the money and then go for it. ...one would've thought that he should've seen the opportunity in the SKY !!

Anyway I sincerely wish my brother Loco all the best in his endeavor !!

...Like I said before, we continue to SKY up the CAVERTON airline.

NOTE: This is not a buy, sell or hold recommendation ...DD is advised as always pls.

Loco missed it badly as regards his exit from Skye for Oando.

zendy:
Your just being mischevious .you are concerned that Ironsi unified the federal civil service but you dont care that Ironsi left resources control and fiscal responsibility which is even far important. Why arent you calling out Gowon who created states? We are talking about eho burnt the house down, you tslking about who rearranged the furniture. You are not seriouse.

In SS2 Government classes I was taught that the civil service is the only apparatus through which the government actually governs as it is the government's tool for making policies and implementing them, generating revenue and allocating same. In fact the civil service is government and the government is the civil service.

On that note, I wonder what gives you the conviction that a man who, through centralization, took away from the regions their civil service components ( the very institution through which they exercised their powers of autonomy, generated and allocated their revenues, and thus controlled their resources) did not by implication also effectively centralize the regions and all revenue sources existing within those regions thus killing resource control.
Your rationalization that Ironsi still left the regions "intact" after centralizing their respective civil services is akin to rationalizing for a mechanic who removed the engine of your car but left the body intact.
Of what use is the body without the engine?
Is the intactness of administrative regions defined by mere form or the availability in it of its powers and the institutional framework by which it exercises those powers?
Ironsi left the regions "intact' in a way that the regions could no longer performance the task of regional governance.
Gowon's creation of states was even better as the states created had their civil services restored to them.

How was Ironsi going to pay the salaries of the centralized civil service without eventually officially making another decree centralizing all revenue sources from which the respective regions were getting revenues to pay those civil servants prior to Ironsi's arrival on the scene?

All deep logical analyses make it crystal clear that Ironsi was responsible for the dismantling of the perfectly working system of government we started with at independence.

Kashif:
Na wa for this market. Due to my previous mistakes, I am not sure now where to put my loose cash. In 2016, I bought UCAP and sold within a week or so because I didn't understand their business.

Took a plunge into Diamond, which only turned green last week. I also have Skye

If I had stayed with UCAP like I was advised, I would have been 120% up at least.

My fingers are itching again, even though I have better control now.

Let me just declare that I am confused on what to buy! Fundamentally sound stocks are looking to be at their fair prices already.

To make profit in the Nigerian Stock Market you need to approach it like you are playing Nigerian politics where there are no permanent friends nor enemies but permanent interest.
The quoted companies are the parties, you are the politician while fundamentals, market situation, prevailing investor sentiments, etc are the voters. the difference here is that you can belong to more than one party at a time.
So once a stock you are friends with is obviously no longer going to serve your ultimate investment interest, there is nothing wrong with defecting to any other one.
It is however also necessary to do your DD about how much your permanent investment interest is realizable in the stock you have chosen to defect to.

Agbalowomeri:
You don't change broker when market is in action. You must be sure you won't trade for at least a month

Exactly. Changing broker during a bullish period is as risky as trying to find a new and shorter cut to a usual place on the day you are badly much in a hurry to that place.

Manonamission:
Hmm, okay o. I hope some of you have not sacked your bosses already. Never begin carry shoulder for office o now wey NSE don give you more than your annual gross in January alone. Stay humble

In our respective office our bosses will soon start wondering what's behind strange change of attitude towards work.

Agbalowomeri:
You all should remember that this is a congregation and pastor Ihediogrammar is our pastor
So therefore pay your tithe; I am the collector

I will help you hold the offering bag.

AVECDEO:
I did with Fidelity @ 86k and I'm still holding it.... it works sometimes.... did it because the funds wasn't much.

I too did 100℅ portfolio with CI Leasing from April to October and it paid off with 300℅ rise.

[quote author=DOLLARTEX post=64042215][/quote]Please what's your business on this?

mendes911:
Of course my perception is 101% on stocks, not on you. I only tried to understand your post because it was a reply to my post. Now I know better to ignore your posts.

This is the last attention you will get from me on this Sir.

Suggesting Warri or Sapele weed is definitely not indicative of a genuine quest for understanding someone's post. It was outrightly rude and disrespectful.

mendes911:
S and T.... You still don't get it and may never.

The message I was passing across did not need your perception to really get across.

mendes911:
"Finally the Access but got full" is meaningless.....

If "Finally the access bus got full" is meaningless to you, it definitely is not to others as that is a common idiomatic expression in the parlance of this thread.

mendes911:
Access got on full bid? Warri or Sapele Weed?

Do the expressions "bus got full" and "on full bid" look alike in meaning to you?

mendes911:
If Access Bank were to be a human being, I would have hired thugs to beat the living day light out of the being.

NONSENSE.

All my stocks have delivered, most of them sold already except Access Bank. Still waiting for that guy that keeps offloading to finish.

Abi Oga Peter bought Access Bank Shares and failed to inform the house?

Finally the ACCESS but got full. You never know how close to success you might be at the point of throwing in the towel.

angelTI:
How come I have not come across this thread all my years on Nairaland

I am happy to be here and learn from this thread because I am a novice when it comes to shares/stock.

Please peeps, i have about 50k idle cash. What company's shares can I buy? Thanks in advance.

How did you eventually discover it?

Toluway:
Na so I see am o! I think the reason is mere sentiment, which supersedes all fundamental considerations and cheer ignorance on the part of large majority of Nigerian investors. For instance, it will be difficult to ask a good number of Nigerians not to invest in zenith, gtb, Coca Cola, guiness etc. In fact, some are still mentioning union bank, which has died and resurrected several times!

You took the words out of my mouth. The average Nigerian's choice in anything is not guided by a careful and rational consideration of available concrete facts but by primordial sentiments especially attached to names.
What matters is how long they have known a thing and not the intrinsic quality of that thing itself. As at 2013 my church decided to invest about N5m in stocks towards our new building project but I was shocked that after the church council met over it, the choice of stock they came out with was FBNH just because they had all before then been hearing that First Bank is consistent with dividends payment, it is the most stable bank, investment in it is safe, blah blah blah. All my attempts to make them understand that there were other a lot other more promising stocks with outstanding shares few enough to cause scarcity and steep upward rally when their fundamentals improve made no sense to them. I actually suggested Forte Oil which was at N8 but the First Bank default euphoria was just to overwhelming.
Now is the fifth year and the building project has not gone beyond foundation level for lack of funds while the FBNH shares have not even yielded a net profit of 1m. But Forte Oil would later climb to 342 within 2.5 years. The biggest irony of it all is that they have continued to stick to FBNH because it is "safe".

sellydion:
Oga sir, PE become irrelevant in some stocks( premium) because they keep going up YOY. Basing your decision ( not to buy because of high PE) on PE will definitely leave you stranded, while the stock continue to higher and better grounds.

I am not doing any peer comparison, just giving solo example.

You are correct. For a stock like FIDSON, PE was roughly 12 when it was at 3.5 early last year while some others had PEs of 2 and 3.
Currently, FIDSON's PE is still well above market average yet it has just resumed its rally while cheaper ones (based on PE) are still prevaricating hopelessly.

BuariCopyPaste:
Read more at: http://www.vanguardngr.com/2017/06/nigerias-problems-started-awos-introduction-tribal-politics-unongo/

www.nairaland.com/attachments/4959346_awolowo_jpegfc9d706f1535123f6e81a96846b17c32https://d19lga30codh7.cloudfront.net/wp-content/uploads/2013/06/Paul-Unongo.jpgDr. Paul Unongo

Paul Unongo is a shameless revisionist. Zik did not actually win the election as he did not win the majority in the first instance. All this accusation is a product of the usual Igbo victim card playing.
Here are the genuine details of the issue. It is a bit lengthy as it contains the minutest details which usually is the ingredient that differentiate a factual account from a false one. Happy reading:

First Nigeria Regional Elections:
Western Nigeria 1951 Elections
Matthew Mbu and history:
Ambassador Mathew Mbu is a well-
respected Nigerian. But in this piece,
veteran journalist, Mr Felix Adenaike
challenges some of his claims about
Nigeria's past 'Falsehood may have
its hour, but it has no future' -
Francois D. Pressense
In what seemed his 48th
independence anniversary gift to
Nigerians, Dr. Matthew Tawo Mbu,
politician, lawyer and diplomat, gave
The Nation an interview run in its
October 1 edition addressing some
political issues in Nigeria of which he
had been a key player. Among
others, he spoke on the Western
Nigeria election held in 1951, two
generations ago, and repeated the
claim of the National Council of
Nigeria and the Cameroon (NCNC)
that it won that poll, but had been
robbed of victory. Then as now, Dr.
Mbu did not provide any evidence to
substantiate the NCNC claim.
Dr. Mbu said of that election held on
24 September 1951 that: "Dr.
Nnamdi Azikiwe was betrayed by the
Western Region of Nigeria, not by
the electorate, but by the leaders.
The NCNC won the election against
the Action Group (led by Chief
Obafemi Awolowo), but the Action
Group introduced what was
unknown to Nigerian history",
namely, "carpet crossing. They
Action Group bought members of
the NCNC to join the Action Group
after these people had won election
on the platform of the NCNC. Zik, the
leader of a majority party in the
Western Region became the Leader
of Opposition overnight".
Reminded by the interviewer that the
late Chief AMA Akinloye had
maintained in his lifetime that he
and his group had contested the
election on a neutral platform from
the NCNC, Dr. Mbu said: "That is his
version. He is entitled to say what he
wants to say. I don't want to say ill of
the dead. He knew he was NCNC and
his group was NCNC. Adelabu
remained NCNC. He stuck on to
NCNC till he died".
The late Dr. Kingsley Ozumba
Mbadiwe said in his autobiography,
Rebirth of a nation, among others
that: "But in pursuance of the policy
of creating a political climate healthy
enough to make one a citizen
wherever he lived, Dr. Azikiwe
contested and won the general
elections in 1951 into the Western
House of Assembly. To stultify this
policy of one Nigeria in favour of his
tribally-based philosophy, Chief
Awolowo got some elected members
to cross carpet from the NCNC to his
AG side. Zik the victor lost. And
Awolowo's party was able to form the
government of the Western Region."
At a news conference in Lagos on 20
September 1989, more than two
years after Chief Awolowo's death,
Dr. Mbadiwe returned to the topic
saying: "Dr. Azikiwe and his party
won the majority of seats in the
Western House of Assembly. He was
due to be elected the Leader of
Government Business, when
overnight, the Action Group
introduced the notorious carpet-
crossing. By this manipulation,
members who won under the NCNC
crossed over to the Action Group
building it to become the majority
party in the West. As a result of this,
Chief Awolowo was elected Leader of
Government Business and Dr.
Azikiwe had to resign."
Neither Dr. Mbu nor Dr. Mbadiwe
named the members of the NCNC
who contested the election on the
party's platform and later joined the
Action Group to enable Chief
Awolowo form the government to
the exclusion of Dr. Azikiwe. These
are weighty allegations such that
they would have assisted their
readers to clear the issues rather just
repeat their own version of the
events at that time in the hope that
such repetition would turn
falsehood into facts.
To avert conflicting claims over
candidates, Mr. Harold Cooper, the
Government Public Relations Officer,
wrote to the parties to furnish a list
of the candidates contesting election
on their platforms. Only the Action
Group complied with this request
and its list of candidates was as
follows:
1. Ijebu Remo Division - Obafemi Awolowo and M.S. Sowole;
2. Ijebu Ode Division - S.O. Awokoya,
Rev. S.A. Banjo and V.D. Phillips;
3. Oyo Division - Chief Bode Thomas,
Abiodun Akerele, A.B.P. Martins, T.A.
Amao and SB Eyitayo;
4. Osun Division - SL Akintola, JO. Adigun, JO Oroge, S.I. Ogunwale, I.A. Adejare, J.A.
Ogunmuyiwa and S.O. Ola;
5. Ondo Division - P.A. Ladapo and G.A. Deko;
6. Okitipupa Division - Dr. L.B. Lebi, CA
Tewe and SO Tubo;
7. Epe Division - SL Edu, AB Gbajumo, Obafemi Ajayi and
C.A. Williams;
8. Ikeja Division - O. Akeredolu-Ale, SO Gbadamosi and FO
Okuntola;
9. Badagry Division - Chief
CD Akran, Akinyemi Amosu and Rev.
GM Fisher;
10. Egba Division - J.F.
Odunjo, Alhaji A.T. Ahmed, CPA Cole,
Rev S.A. Daramola, Akintoye Tejuoso,
SB Sobande, IO Delano and A
Adedamola.
The others were as follows:
11. Egbado Division - J.A.O. Odebiyi, D.A.
Fafunmi, Adebiyi Adejumo, A. Akin
Illo and P.O. Otegbeye;
12. Ife Division -
Rev S.A. Adeyefa, D.A. Ademiluyi, J.O.
Opadina, and S.O. Olagbaju;
13. Ekiti Division - E.A. Babalola, Rev. J Ade
Ajayi, S.K. Familoni, S.A. Okeya and D
Atolagbe;
14. Owo Division - Michael
Adekunle Ajasin, A.O. Ogedengbe, JA
Agunloye, LO Omojola and R.A.
Olusa;
15. Western Ijaw Division - Pere
EH Sapre-Obi and MF Agidee;
16. Ishan Division - Anthony Enahoro;
17. Urhobo Division - WE Mowarin, J.B. Ohwinbiri
and JD Ifode;
18.Warri Division - Arthur
Prest and O. Otere, and
19. Kukuruku Division - D.J.I. Igenuma.
Of the names on the list, only MA
Ajasin from Owo Division, which
comprised Akoko then, did not run
because of party solidarity and unity
in Owo. He stood down for A.O.
Ogedengbe and R.A. Olusa to contest
two of the three seats, which they
won, while D.K. Olumofin won the
third for the NCNC.
Three secretaries of the Action Group, who ran as independents and won were:
1. Egba Division- Alhaji D.S. Adegbenro
2. Ekiti Division - J.O. Osuntokun, and
3. Epe Division - S.O. Hassan.
At the close of polls on 24 September
1951, the Action Group had won 38
of the 72 seats in contention out of the total of 80 in the Regional Assembly. The shortfall was due to the fact that elections had been postponed in Lagos and Benin due to security concerns. Lagos had five seats in the West Regional Assembly all later won by the NCNC in the election of 20 November 1951, while Benin had three all later won by Otu Edo candidates in the election of 6 December 1951.
Of the 68 candidates on the list furnished by the Action Group to the Government PR
Department, 38 of the elected AG
members were from that list, and were as follows:
1. Ijebu Remo - Obafemi Awolowo and M.S. Sowole;
2. Ijebu Ode - Rev. SA Banjo and S.O. Awokoya;
3. Oyo - Bode Thomas,
Abiodun Akerele, ABP Thomas, TA Amao and SB Eyitayo;
4. Osun - S.L. Akintola, J.O. Adigun, JA Oroge, S.I. Ogunwale, I.A. Adejare, J.A.
Ogunmuyiwa and S.O. Ola.
Other elected AG members from the
list were:
5. Egba - J.F. Odunjo, Alhaji
AT Ahmed, Rev. S.A. Daramola and
Prince Adedamola;
6. Egbado (now Yewa) - J.A.O. Odebiyi, D.A. Fafunmi and A. Akin Illo;
7. Ekiti - E.A. Babalola
and Rev. J. Ade-Ajayi; Badagry - Chief
CD Akran and Rev. G.M. Fisher;
8. Ikeja - SO Gbadamosi and O Akeredolu-
Ale;
9. Ife - Rev. SA Adeyefa and SO Olagbaju;
10. Owo - AO Ogedengbe and RA Olusa;
11. Epe - Safi Lawal Edu;
12. Okitipupa - C.A. Tewe;
13. Western Ijaw - M.F. Agidee;
14. Ishan - Anthony Enahoro, and
15. Warri - Arthur Prest.
In addition to the Action Group and
the NCNC, there were local/divisional
parties such as the Ibadan People's
Party (IPP), led by Chief AMA
Akinloye; Ondo Improvement
League, and Otu Edo of Benin. At the
end of poll, the standing of the
parties was as follows:
1. Action Group - 38;
2. NCNC and its loyal Independents - 25;
3. IPP - 6
4. Ondo Improvement League - 2.
5. Otu Edo candidates won the three
Benin seats, namely, Chief SO
Ighodaro, Chief Humphrey Omo-
Osagie and Chief Chike Ekwuyasi.
Chief Ighodaro opted for the AG,
while the latter two went to the
NCNC. And of the six IPP elected
members, only Adegoke Adelabu
joined the NCNC. The rest of them:
AMA Akinloye, Chief DT Akinbiyi
(who later became the Olubadan of
Ibadan), Chief SO Lanlehin,
Moyosore Aboderin and SA
Akinyemi, opted for the Action
Group. The NCNC National Secretary,
the late Chief Kola Balogun had sent
declaration forms to the IPP
assemblymen asking them to declare
for the NCNC but Chief Akinloye
returned all the forms uncompleted.
The three AG secretaries who had
run as independents - Adegbenro,
Osuntokun and Hassan, five IPP
members, one Etu Edo, and one
Ondo Improvement League, Chief
F.O. Awosika; and Chief Timothy
Adeola Odutola (Independent, Ijebu
Ode) had swollen the number of the
AG elected members. All the
transactions had taken place before
the inauguration of the Regional
Assembly on 7 January 1952. These
were not known members of the
NCNC, nor did the party publish their
names on the list of its candidates,
but claimed them as its "members,
supporters or sympathisers",
according to inimitable Zik in his My
Odyssey, " It takes more than
speculation to claim a person as a
member of your political party". You
cannot just be under the
"impression" as Zik had claimed that
they were and go ahead to field them
as electoral candidates.
For over a
half century, the NCNC is yet to
provide evidence to back its claim
that it had won the West Regional
election in 1951.
Mr Cooper absolved his department
of responsibility for the controversy
generated by the NCNC after the
election. At a post election news
conference in Lagos he said that "Of
the winning candidates, the names
of 38 were on the list sent to me by
the Action Group. The six successful
candidates at Ibadan were all among
those who had been identified to me
as representing the Ibadan People's
Party. No claim of any kind had
reached us about the party affiliation
of the remaining successful
candidates." Why did the NCNC not
send a list of its candidates for the
poll to the Government PR
Department before that poll? And
why have Dr. Mbu and the others not
published the list of NCNC
candidates to substantiate their
electoral victory claim in over 50
years but merely kept reaping false
claims? The records of the poll
conducted in the West and all over
Nigeria by the colonial administration are available at the National Archives and can be accessed by any honest researcher.
In this matter, it is facts that speak,
not what some political/ethnic
partisan said or did not say.
Dr Azikiwe's frustration was not only
in losing the regional election, he
also lost the election to the House of
Representatives held on 10 January
1951 at the House of Assembly, Ibadan, among NCNC members. The total tally for the 1951 poll in the 80 member Western Regional Assembly was as follows:
1. Action Group - 38;
2. Independent/AG - 15;
3. NCNC - 24;
4. Independent/NCNC - 3.
Three
members of the NCNC who had been
elected to the House changed party
allegiance that day ahead of the
House of Representatives vote. They
were: Chief SY Kesington-Momoh, JG
Ako, and Awodi Orisaremi, from
Urhobo and Kukuruku Divisions.
They were running for the House of
Representatives and wanted Action
Group votes. Kesington-Momoh and
Ako were elected, but Orisaremi went
back to the NCNC. That was all the
carpet-crossing that took place on 10
January 1952, namely, three at first
to the AG and one back to the NCNC.
From the vote tally, it is clear that the
NCNC and the Independent /NCNC
totalling 27 seats altogether out of
80 seats could not have formed the
Government of Western Nigeria.
Even if the local/divisional parties
had chosen the NCNC, it would still
be some seats short of 41 required to
form the government. The Action
Group won 38 seats; its independent
candidates - Adegbenro, Osuntokun,
Hassan and Odutola won four seats
making a total of 42 seats. The AG
could have formed the government
without the support of the other
small parties. It did not have to
"bribe" anybody to join it to form the
government. Since politics is a game
of number, only few principled
politicians would not be disposed to
joining the winning party, in this
case, the AG.
Dr. Mbadiwe also claimed in his
book: "Successful NCNC men who
were not Yoruba were scared away.
Dr. Azikiwe who won a seat to the
Western House (of) Assembly from a
Lagos constituency decided to resign.
Since membership of the House of
Representatives was by an electoral
college in the regional house, no
NCNC from the West came to the
House of Representatives in Lagos".
This is blatantly false. Zik resigned
because he lost election to the
federal house from the West, while
Prince Adeleke Adedoyin, Dr. Ibiyinka
Olorun-Nimbe, Chief Frank Oputa-
Otutu, Chief Denis Osadebey and Sir
Odeleye Fadahunsi were elected
from Ibadan to Lagos. Who ever
scared non-Yoruba NCNC people
from the West? Chief Denis
Osadebey succeeded Adegoke
Adelabu as Opposition Leader in the
West and the likes of Humphrey
Omo-Osagie, Festus Okotie-Eboh,
Chike Ekwuyasi, Fidelis H Utomi, Obi
Osagie, Yamu Numa, GO Oweh and
GB Ometan were non-Yoruba NCNC
in that Assembly.
As Mme De Stael says: The "search
for the truth is the noblest
occupation of man; its publication is
a duty". Dr. Mbu and his political
entourage have chosen their own
side of history. It remains to be seen
whether or not history will absolve
them. Their contemporary audience
is composed of intelligent people
who will search after the truth
without inheriting the political
prejudice and stereotype of their
lying grand-parents. That is the way
ahead for Nigeria. And "the greatest
friend of truth is time; her greatest
enemy is prejudice". - CC Calton

EternalTruths:
GOWON: Go On With One Nigeria

Northern Christians must Go On With One Nigeria.

Don't let peaceful Biafrans deceive you guys.

Christian Republic of Biafra is Evil.

Fulani Republic of Nigeria is the best thing after God and Sex.

Pls, I beg you guys to hold unto the principle of GOWON.

The North was initially wary of being in the same country with Southerners post independence but got rather arm twisted into it by the South Eastern political elite with the passive assistance of British might.

Please find below a confession by the main Southern figure responsible for forcing the North and West to remain in Nigeria against the absence of any basis for such:

ZIKS INTERVIEW WITH NEW NIGERIAN NEWSPAPER IN 1975.
………..Excerpt………..
Again, however, when the 1954 constitution conference started, my good friend, Chief Obafemi Awolowo tabled a motion to the effect that in the new constitution, provision should be made that any state which feels like seceding should do so.
I was opposed to it and said ‘no’ and said that once we have a federation, we are indivisible and perpetual. That was when we began to use that expression – ‘The Indivisibility and perpetuity of the federation’ – and that to secede would amount to treason. And so, a debate ensued.
The Secretary of State then was Oliver Lyttleton, later Lord Chandos and he was very much interested and that was his first time in saying that the people of African descent were people actually debating at a high level.
So a full day was given to Chief Awolowo to make his points. He spoke brilliantly as a lawyer. He made his points why secession should be incorporated in the constitution. He cited the case of the Soviet Union which is a federation, and that secession is written there so that any state in the Soviet Union can secede at will.
He also cited the case of Western Australia and eventually he finished his case and was applauded. We adjourned. The next day, I had to reply. I availed myself of the opportunity to, well, demolish the arguments of my friend and I cited the case of United States which based its constitution on that of the Swiss Confederation. That is Switzerland. I pointed out a case, I think, that of Texas versus White, where Mr. Salmon Chase, the Chief Justice laid down the principle – he was really an arbiter – that the union was intended to be perpetual and indivisible and that any attempt to divide the union by secession was treasonable.
The North (NPC) supported Action Group. The question was then: Should we have secession? The Colonial Office came to our rescue. You know, the usual principle of Britain – ‘divide and rule’ (laughs) but this time, it was in our favour. So, the colonial office backed us.
Lord Chandos said that on the face of the arguments before him it would be suicidal to incorporate secession in our constitution and that is why we have section 86 in our constitution that if any region or state should secede, then it will be an act of treason and that was what led to this war, because Col. Ojukwu seceded and so violated the constitution.
https://oblongmedia.net/2017/06/26/zik-interview-with-new-nigeria-in-1975/