DrAkpamudehe:


Don't just advise, suggest the companies

If he does that he may latter be accused of Monkey Hunting.

decargne:
Hello, please I want to know if all accrued devidenda from the little UBA stocks I bought 18months ago will be credited to my account upon submission of the e mandate form.

If not, how do I go about it please?

Thanks

Yes. I am an example. For the first time, I filled and submitted my e-mandate form last year with the intention to experiment it, and in less than two days later my Sterling Bank account which I entered as my preferred receiving account was flooded with multiple years dividends from companies NEM, AFRIPRUD, HONYWELL, ACCESS, COURTVILLE, and even others like CCNN and UNION DIAGNOSTICS which had even been delisted.

If Africa Prudential Registrar happens to be the registrar to most of the stocks from which you are expecting dividends, then your stress will be minimal as you don't need to go to their office at all but fill the form right on their website and submit it without having to print out at any point, and in less than 48 hours credit alerts will flood your phone.

Mpeace:
I dont know why people dont rate transcorp Hotel. It moved from N6 to N44. He might have equally invested here.

But sha I no dey too believe gains I see for faceless forum

TRANSCORP HOTEL was too illiquid for years and I think that is why its rally doesn't thrill traders and core jijoists.

moneymanager:

Seems you just love bearish trends. Anyway, the market now seems exactly your way.

To all those in OANDO bus, both newbies and oldies, there is no need to fret or fume. While I myself am not in the bus courtesy of its unpredictability as well as TRANSCORP's as I have always maintained here, I am strongly of the belief that the good figures we see (genuine or cooked up) in the last quarterly result will, together with the average Nigerian's sentiment that a major interest in it is now the occupant of Aso Rock and head of some cabal, push it back up in few weeks or even days from now provided the delisting plan doesn't succeed.
Those of us who have been in this market for over 20 years now can remember vividly how the knowledge of Obasanjo being a major interest in TRANSCORP as sitting president supported the price of the stock at N7+ throughout his incumbency despite its not too attractive fundamentals back then

.

ebuka1997:


Holding hardly works in NSE oh the Oando I just managed to sell my the grace of God. I have been held inside for years.

That is my greatest lesson in all my time so far on NSE. The time when NSE was largely an investment outfit is gone. It is now more of trading platform. I have held many stocks and ended up regretting. None of them gave me a reason to be happy on the long run, not even the supposed blue chips.

wanaj0:


I am violently agreeing with you sir!

Those with such ability should be competing with Buffet

Yes, I can relate.
Timing the market is like gambling.

wanaj0:


In 3 years you should be aiming to beat Warren Buffet!

That people still believe they can time the market is one of the wonders

The response is on the premise that one could accurately time the market as the other monicker suggested, and that is why I mentioned clairvoyance.

Zagee:

As TOE will say, "every business person needs that piece of luck".

We were all here when Geregu was listed for 100 and even after the AFDB deal that gave a purchase value of 204/240(can't remember) the stock was down hovering around 105/7 for a while, then the talk of dividend pushed it all the way to circa 300.

Was it the Tinubu visit to Tony? After securing a way into the energy sector with the past administration.

Or was it OGG/Loco who gave us those prospects into several coys including Dangsugar until customstreet drove the nail in.

I could remember Mcy telling me how did I miss out on Nacho even after it was served on a platter. At that point(can't recall the month) I think I had bought into Transcorp based on technicals.

Let's just say I was lucky with the timing and overall the markets where on a recovery to pre-buhari era looking at the banking sector and the frenzy of subsidy removal

As for Geregu, even the best SA expert couldn't have ever imagined the news of dividend hope or even the mere 5% stake acquisition by a foreign entity to have been able to push it from N100 to a whopping N300+. Only Spiritual Analysis could have revealed such.

On DANGSUGAR, only a person 100% new to the stock market in all ramifications wouldn't have been able to tell that the Dangfoods rumour becoming a reality would definitely drive DANGSUGAR and NASCON from N20+ to over N70+ and N60+ respectively.

Per NAHCO, it was a stock riding on improving figures hence it took several months to attain its current ratio of capital appreciation. Therefore its movement was too slow to be noticed and keyed into by SA traders.

You left out of mention the mother of them all (FTN COCOA) which rose from 30 kobo neighborhood to close to N4.00 all within a space of two months on the news of foreign interest. That was over 1,200% appreciation.
May God bless us with the eyes to recognize another FTN COCOA-like opportunity before this year runs out.

Zagee:
One interesting fact this year: if you had simultaneously flipped from Geregu to Transcorp to DangSugar beginning with a capital of 1m, you would be nowhere less than 15m in your trading account today.

But the challenge is to be able to know ahead the exact order and time in which the stocks will rally, i.e to know which exactly will come after which. If I were blessed with such clairvoyance it will take me only three years on NSE to become a billionaire.

Willie2015:


This is the essence of having trading portfolio
in foreign currency...
even without trading...
U are making double digit profit....

This was what made me open an account with a forex broker in 2020 and it has really helped me hedge against inflation and the rapid and steady fall in the value of Naira. I only open positions in that account once in a while.

emmasoft:


I know there are some illiquid stocks but most folks here complaining of a stock hard to get normally will place a bid at a price that is perhaps -10% of the previous day's closing price and think since the system accepts, then it will be a deal. It does not work that way if you place a price limit that is too low compared with what sellers are offering, you may never buy a stock no matter how liquid the stock in question could be.

That exactly is what I wanted to clarify to him. As long as a particular stock is not under technical suspension, it will always be available anytime the floor is open.
Another sentiment behind the assumption that stocks like NESTLE and maybe the likes of TOTAL, OKOMU, etc are hard to get is the stereotype that since they are of very high prices, only the super rich are allowed to have access to owning them hence according to the average Nigerian's perception, the ordinary investor is deliberately blocked off them by the rich.
I recall when I introduced a friend to the stock market in 2007 and each time he sent a mandate to his Stockbroker and the latter failed to carry it out due to scarcity occasioned by full bid for the stock, this guy would begin to propound conspiracy theories on how the cabal in Aso Rock owned most of the shares of all companies and for fear of the poor becoming rich like them, they are making sure that stocks are not available to buy. I had a very hard time trying to get him to apply his knowledge of demand and supply in Elementary Economics.

kamtrix:
Good afternoon everyone. Please I want to ask you a question. Is it actually possible to sell a stock on the NSE at a higher price than the market price if the stock is a stock that people hardly find to buy? For example, a stock like Nestle that is hard to get. Please I would love every education on this. Thanks

Care explaining how you came about the perception that NESTLE is hard to get?

Irony1:


Bros stop being evasive. The civil service has always been structured into two federal or regional civil service. The consolidation happened in the federal civil service and he allowed the regional governors to control he regional civil service. The problem the northerners had with this is that the movement from state to federal civil service will keep them at a disadvantage because they cannot compete with their fellow southern counterparts. Ironsi didn't kill true federalism stop trying to play coy in this argument you are not making sense

Contrary to your insinuation above, Ironsi himself made it clear in his national broadcast of May 24 1966 that the civil service had become one: See his words below:

"The public services of the former federation and regions become
unified into one national public service under a National Public
Service Commission."

So which Federal and Regional civil services are you talking about again.

tishbite42:

NCNC won elections in the Western Region
Go and see how it ended
Put yourself in Zik's shoe and ask yourself if you would have worked with Awo??

That is the falsehood that has been sold for years. NCNC never won that election. An Igbo man who witnessed the events live recently debunked the story in Vanguard or Punch Newspaper.
What really happened was that at the end of the election went on AG was in a narrow lead not enough to make it form the Government. Alliances had to be formed and the other smaller parties like IPP (Ibadan People's Party), OIL (Ondo Industrial League), etc; decided to align with AG and that put AG in a comfortable lead over NCNC. Only three persons were involved in the said Cross carpeting. Two from NCNC to AG, and one from AG to NCNC meaning that Zik benefited too from it. In fact the AG members who crossed to NCNC was the representative of my own Kukuruku Division now known as Edo North Senatorial District. He was by Name Pa Awodi Orisaremi. We voted him to the Western Region Assembly through AG but at that stalemate he defected to NCNC. What happened was similar to how Igbos chose to align with Ahmadu Bello's NPC when the stalemate came at Independence. So it was not Cross carpeting but alliance between parties.

Eastlink:
Point noted. But let me burst your bubble. I’ll agree if you accuse Balewa of the electoral coup that made Akintola win over Awolowo in the Western Regional elections. But adding Zik to that mix is fallacy. My only grouse with Zik, was his inability to resign from that government and perhaps, take his NCNC with him and join Awolowo in opposition. See my reasons below why Zik shouldn’t be held accountable for Balewa NPC and Akintola’s actions.

1. Balewa was the head of government not Azikiwe. Zik’s role as President was ceremonial. Balewa controlled the Police, Army, Electoral Commission (ECN), Parliament, Judiciary and all facet of government. It was Balewa who declared a state of emergency in the west and not Zik. It was Balewa who sent the soldiers to the west. It was Balewa who levied trump up charges of treason with willing testifiers from Akintola’s camp and used Justice Majekodumi to send Awolowo, Jakande, Ikoku and others to jail.
See proof below
https://www.vanguardngr.com/2017/07/balewa-declared-state-emergency-west-1962/amp/

http://community.vanguardngr.com/forum/topics/the-crisis-that-truncated-the-first-republic

https://dailytrust.com/s-l-akintola-his-life-and-lessons-for-today-i/

2. The area where Zik might have allied with Balewa’s NPC was in the sharing of government positions. Additionally, he also allied with Balewa in the push for referendum in the mid-West. Balewa supported that mid-west referendum due to Awolowo’s sponsorship and backing of Joseph Tarka Tiv riot and proposed Middle-belt region. While it was always Ziks dream to have the Igbo speaking section of the Western region to the East, it was also Awolowo’s dream to have areas like Ilorin and Kabba to the west. If difficult to achieve, then the game was to push for referendum or seccession from their parent region and join other minorities in a new region. Both Zik and Awolowo played this card in the first republic. Balewa on the other hand seeing Awolowo’s backing of Tarka, supported the mid-west referendum in response to Awolowo’s move in the North central. He later sponsored the Adaka Boro’s uprising and Alfred Biriye’s Niger-Delta Congress (NDC) shenanigan in the East just as he did with Akintola in the west. But Biriye’s NDC had less seats in government and failed to get the needed pro-NCNC Ijaw support in the east like it happened with Akintola in the west.

See link below
https://punchng.com/northern-nigeria-encouraged-isaac-boros-12-day-revolution-brother-david/?amp

https://guardian.ng/sunday-magazine/c104-sunday-magazine/ahead-march-28-arewa-s-debt-to-biriye/amp/

https://www.vanguardngr.com/2022/04/senate-asks-fg-to-retain-the-name-harold-dappa-biriye-house-in-new-nddc-head-office/amp/

3. Akintola in fairness was first in good terms with the east but later became heavily pro-north to safeguard his interest. Infact, he first allied with a faction of the NCNC to form the UPP with another NCNC faction allying with the the AG. Later, Akintola seeing the snowballing issue with Awolowo decided to move his tenth to NPC where the party formed an alliance called the NNDP in preparation for the 1964 elections.

Akintola after joining the NPC alliance began an anti-east shenanigan. His infamous “Yoruba Ronu” speech in Ibadan was a pointer to the political alliance he wanted the west to have with the north. And the only way to achieve this was to paint the Igbo black while extol the north. While Akintola was uprooting Awolowo’s AG from the West with the help of Balewa, he was also setting the stage for conflict with Zik’s NCNC.

4. Akintola was an ally to Balewa and spoke good about him. In fact, the northern NPC saw him as a willing ally in the south to replace the likes of Zik who was gradually abandoning his alliance with the north and forming an alliance with Awolowo’s AG prior to the 1964 general elections.
See proof of Akintola alliance with Balewa.
https://guardian.ng/opinion/balewa-and-a-christmas-to-remember/amp/

https://www.vanguardngr.com/2012/03/was-the-awoakintola-feud-senseless/amp/

So to clear your point, Zik had no hand in Awolowo’s ordeal nor the post election conflict in the Western region.

Thank God that even you yourself agree that Akintola had anti-East sentiments behind his battle against Awolowo. However, contrary to your insinuation, he didn't only come to develop that sentiment after he got accepted by the North finally. In fact it was his hatred for Igbos in general that inspired him to want to wrest AG's soul from Awolowo who was himself more disposed to taking AG into alliance with the Igbo NCNC. Zik was initially in passive support of Balewa against Awolowo because he had assumed that with the decapitation of AG in the Western Region, the next strongest party in the region (his NCNC) would automatically take over governance there and that explains why the Igbo members of the Western Region Assembly (all NCNC members) were all out in support of Akintola thinking he was working for NCNC not knowing that he had his own personal agenda which was to shake off NCNC and fully align the West with the North once Balewa finished caging Awolowo with Federal might.
Why do you think Michael Okpara later called on Zik and other NCNC leaders to begin to withdraw from the attempt to kill AG in the Western Region? Are people advised to backpedal from what they were never involved in?

tishbite42:

Go and read History objectively
Bye

All objective reading of history including Zik's own book 'My Odyssey' show clearly that Zik was so consumed with his one-Nigeria dream that he didn't mind any sacrifice just to see that the North remained part of Nigeria at Independence.

tishbite42:

Awolowo betrayed Zik and that's why Zik preferred working with jihadists.
Looking back it was a bad decision. He should have forgiven Awolowo.

Care stating exactly how Awolowo betrayed Zik? Did they sign any agreement on who to align with? Zik had always preferred to work with the Core North far before the 1959 elections. Remember he went into the election in the form of an alliance between his NCNC and Kano-based NEPU. Then when the post election stalemate came, he went with Ahmadu Bello's NPC. Zik never at any time liked the idea of aligning with a Southern or Middle Belt party.

tishbite42:

Awo betrayed Zik first
Don't dodge that

It was the other way round.

Irony1:


Bros stop being evasive. The civil service has always been structured into two federal or regional civil service. The consolidation happened in the federal civil service and he allowed the regional governors to control he regional civil service. The problem the northerners had with this is that the movement from state to federal civil service will keep them at a disadvantage because they cannot compete with their fellow southern counterparts. Ironsi didn't kill true federalism stop trying to play coy in this argument you are not making sense

You are the one being evasive. Tell us what exactly the bolded lines mean in Ironsi's broadcast on Unification Decree means. Though I know you will dance around it without ever really answering it.

Ironsi's Broadcast to the Nation banning
Political Parties and introducing Decree No. 34, 24 May 1966.
www.dawodu.com


Fellow Nigerians:
During the past two weeks I presided over meetings of the Supreme
Military council and the Central Executive Council at which many
important state matters were considered. . .
It is now three months since the Government of the Federal Republic
of Nigeria was handed over to the Armed Forces. Now that peace has
been restored in the troubled areas it is time that the Military
Government indicates clearly what it proposes to accomplish before
relinquishing power. The removal of one of the obstacles on the way
is provided for in the Constitution (Suspension and Modification)
Decree (No. 5) 1966 which was promulgated by me today and comes into
effect at once.
The provisions of the Decree are intended to remove the last
vestiges of the intense regionalism of the recent past, and to
produce that cohesion in the governmental structure which is so
necessary in achieving, and maintaining the paramount objective of
the National Military government, and indeed of every true Nigerian,
namely, national unity.
The highlights of this Decree are as follows:
The former regions are abolished, and Nigeria grouped into a number
of territorial areas called provinces. . . .
Nigeria ceases to be what has been described as a federation. It
now becomes simply the Republic of Nigeria.
The former Federal Military government and the Central Executive
Council become respectively the National Military Government and the
executive Council.
All the Military Governors are members of the
Executive Council.
A Military Governor is assigned to a group of provinces over which
and subject to the direction and control of the Head of the National
Military Government, he shall exercise executive power. In order to
avoid any major dislocation of the present administrative machinery,
the grouping of the provinces has been made to coincide with the
former regional boundaries. This is entirely a transitional measure
and must be understood as such. [The present grouping of the
provinces is without prejudice to the Constitutional and
Administrative arrangements to be embodied in the New Constitution in
accordance with the wishes of the people of Nigeria.
The National Military Government assumes the exercise of all
legislative powers throughout the Republic subject to such
delegations to Military Governors as are considered necessary for
purposes of efficient administration.
The public services of the former federation and regions become
unified into one national public service under a National Public
Service Commission. There is a provincial Service Commission for
each group of provinces to which is delegated functions in respect of
public officers below a given rank. This rather drastic change will
probably involve a reconstitution of the existing commissions, and
the National Military Government reserves the right to do so in the
manner stipulated in the Decree. Until this is done, the present
Commissioners continue to act in their posts. Every civil servant is
now called upon to see his function in any part of Nigeria in which
he is serving in the context of the whole country. The orientation
should now be towards national unity and progress. I expect all
civil servants to co-operate and to consult at all levels, vertically
and horizontally, between groups of Provinces and between Provinces
and the Centre.

Irony1:


You keep jumbling points. National and Federal military government are just nomenclature nothing more. Ironsi i repeat only centralized the federal civil service structure nothing more. The regional civil service apparatus was not touched. Ironsi didn't destroy regional system of government, Gowon did. Ojukwu proposed a confederate system of government almost akin to different countries in one loose federation it is not decentralized system, stop trying to play smart.

Just listen to yourself: Ironsi centralized the Federal Civil service. Must you swim in illogicality in defense of the indefensible? The Federal Civil service by its very nomenclature is central. So how do you centralize it again? To centralize something means to bring all its different autonomous sections into one entity. Were there different civil service institutions in each of the regions all before then? What are you even saying? Which school did you attend?

gidgiddy:


This is a lame attempt to blame Ironsi for what he did not do. [b]So a civil servant in the Eastern or Western Region will stop doing his or her duties to the Region that pays him or her because there was unification? [/b]The only way Ironsi could have denied the Regions control of their resources or appropriated what was due to them, was by decree. Which decree did Ironsi pass altering the revenue shearing formula agreed at independence? None

But Gowon came after Ironsi, used decree 14 to dissolve all 4 Regions, created 12 new states, then used decree 15 to end resource control. Would Gowon be ending resource control with decree 15 if Ironsi had already done it?

Stop spreading falsehood and lies, Gowons decree 14 and 15 are on the internet for all to read

For years you people kept spreading lies about Ironsi, not knowing that the age of social media would come when lies can be debunked at the click of a button

Google Gowons decree 14 and 15 and cure your ignorance

For over ten years running now
you have kept on dodging the question of what exactly Ironsi meant in his May 24 1966 National Broadcast with the following statements:
1. The regions are abolished

2. Nigeria ceases to be what is known as a federation but now just Republic of Nigeria.

3. Federal Military Government is now National Military Government

4. This decree removed the last vestiges of regionalism.

Until you take the bull by the horn and clearly explain what these lines mean, you shouldn't be taken seriously by anyone.

Then per the bolded: I will only give you a present analogous scenario.
At present we have the Federal Inland Revenue Service (FIRS) which has staff in every state. These staff of FIRS are all civil servants of the Federal Government even though they reside in the various states. Now, are you suggesting that it is possible for any of them to generate revenues within their states of domicile and remit those revenues to the governor of the respective states? Can an FIRS staff in Onitsha remit his revenue to Charles Soludo?

Ironsi converted the civil service to National Civil service and you expected those civil servants to still be remitting taxes to the governors of the groups of Provinces? Even Ironsi himself said it in the broadcast that all civil servants should from henceforth begin to see themselves as serving the nation and not the regions any longer.

Why not post Gowon's Decree 14 here for us to read and know whether it was it that removed resource control? You think you are talking to kids? Resource control was removed by Ironsi and that was why he was toppled in the first instance only for the same North to hijack his no-resource control policy to their own advantage.

yMcy56:
Traders, make una no dey spoil this our market for us o
All these theories on top say OANDO pulled back today!

What you Ogas are saying is not a one way thing......and you seems to completely sideline the investors here.

If you say sell once price begins to fall, what of a situation where it's just a pullback and the following trading period it begins upward journey again?

- OANDO as case study........got to 7/7.20 and pullback happened.....just to continue the upward trend thereafter again, same happened at circa 10/10.25 or so, also @16 today.....
IF at all it should resume Northwards journey to 20/25 after this pullback again, hope you won't come up with another morals.

Lol.make una no mind me.

Oando is not running on SA but on improving fundamentals and good news in the horizon. My story is for stocks rallying substantially on SA

ojesymsym:
This table you are shaking... Instead of using parable, just call us by our name abeg.

I am talking about trading on stocks running on SA. Oando's current rally can't be said to be fuelled by SA.

THE STORY OF THE WILD GOOSE HUNTER AND THE LESSON IT TEACHES ON HOW AND WHEN TO TAKE PROFIT IN STOCKS TRADING

The hunter in question made a trap to hunt wild geese and took it to a spot in the bush where he set it and poured some grains inside. The trap was designed in such a way that the hunter could, from where he was hiding a very long distance away, close it by merely pulling a rope attached to the lid of the trap. After setting it and hiding himself behind a bush far away, he sighted ten wild geese (his targeted exit price in this scenario). The first goose entered to help itself with some of the grains. The second one followed and it continued like that till the ninth goose. However, for no phantomable reason, the tenth goose just didn't enter. The hunter didn't pull the rope but decided to wait patiently till it would finally enter not minding the fact that what kept the other nine inside was the grains hence they must start going out once they finished eating it. While he waited in his unrealistic hope, one of the nine geese inside the trap walked out leaving eight inside. At this point the hunter regretted a little and readjusted his target to nine geese with the hope that he would pull the rope once the one that just walked out wandered back in. But while he waited again, another one walked out. The man kept on re-adjusting his target downwards until all of them walked out except just one. It was at that point it dawned on the hunter and he pulled the rope catching only one goose.
Trading lesson of the story: Take your profit immediately price begins to fall.

Streetinvestor2:
Traders you guys no just get joy.See how owner wan spoil oando for me.All I wanted was it to hit #20...This next thing now you go see full offer

In my own opinion as a trader, successful trading is about 80% determined by SA. If I want to enter a stock, rather than set an entry price, what I rather do is to watch out for when bids begin to mount substantially at prices higher than the previous day closing price. Such scenario is likely to cause full bid few days ahead. When the full bid is achieved and rally starts, I as well don't set any exit price target but just keep looking out for when offers begin to pile up in such a way that they are no longer being cleared immediately, and that is when I disembark and wish the bus safe journey.
In times past, I used to set exit price target and stubbornly wait for it even in the face of piling offers. This always caused me to loose all my gains and return to square one with only my capital left. I changed my strategy to the present one after reading the story of the wild geese hunter.

Yoast:
This market is sometimes for the very brave. If I was brave enough, I for follow ride this Cham but I missed out narrowly. As if it that wasn't bad enough, I also missed Japaul. Na wa o

Having direct access to the market (i.e. using a digital stock broker) helps a lot about this bravery you are talking about. It helps you see where exactly you are going and also help you determine, with a fair level of accuracy, when you should exit. I exited CHAMS this morning when the ship began to shake but may re-enter tomorrow if the ship stabilizes.

Ajibade123:

Oh I get, so if I want to buy at that point I won't be able to because no shares available?

Not really. You could still get to buy if you or your broker enters your order early enough in the day. For a stock on full bid, there are usually offers in the first few minutes after market open after which they are soon cleared off and the only further offers will come in trickles till the close of market.

killsmith:

Awolowo introduced Tribalism into Nigerian politics in 1951 when zik contested in Lagos.

Zik had as far back as 1949 introduced tribalism into Nigerian politics by declaring that the gods of Igbo land had destined Igbos to rule over Nigeria. In 1944, another Igbo man, Charles Onyema, had said that 'from the look of things back then, it was becoming clearer by the day that Igbo domination of Nigeria was only a question of time'

Eastlink:
Igbos never hijacked GEJ’s government. If they did, show us proof.

Are you aware that besides the Ojukwu national burial, and conversion of Akanu Ibiam Enugu Airport to International standard, GEJ left abandoned projects in the South East. The bulk of the project’s GEJ did in the South East were billboard project just like the 2nd Niger Bridge and other uncompleted projects like the Onitsha-Enugu road and Enugu-PH road. Even the Akanu Ibiam airport that was hyped by Stella Oduah, was fixed and upgraded by Buhari. GEJ did more for the South-South and North West than anywhere.

Seems there are two South Souths in Nigeria else I don't know which SS you claim Jonathan, the one Nigerianist cast exactly in the mould of Nnamdi Azikiwe, did a lot for. The same SS where Jonathan's own people live in oil polluted coastal shanties and drank the 60% polluted waters while he voted N500bn for building phantom Almajiri schools in the Core North where the people never voted for him? Same Jonathan, who during his campaign for second term, publicly said with his own mouth that he purposely didn't do any significant thing in the SS in order not to be perceived as tribalistic?

2elliot:
The first person to be ever tried for treason and coup planning was a Yoruba gboun called awolowo; he was tried and jailed. The first person to be publicly executed for armed robbery and drugs was a Yoruba called oyenesu(my spelling could be wrong). The first people to start political rascality was the Yorubas engineered by Awolowo and Akintola which resulted in the wild wild west.

Awolowo's coup was in retaliation for the executive coup hatched and carried out by the duo of Balewa and Azikiwe by which they suddenly reinstated Akintola, their SWern stooge without an election as dictated by the Western Region constitution.