Deadlytruth's Posts
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[quote author=Princedapace post=78525494][/quote]I didn't disagree with any other part of your comment because I know they are factual. But that part of it that attempted to portray Yaradua as being better than all others was what caught my attention because it is far from the truth, hence I highlighted it and proved you wrong about it. |
MTN, DANGCEM and GTB gain 9.98%, 4.04% and 2.81%, and index rises by almost 3% despite other numerous grassroots stocks losing big. All stocks are equal, but some are more equal than the others. |
Princkez:Bross, you sure say you no dey among CAVERTON management board? |
Edodefender:Care giving details about how you arrived at the bolded? |
Princedapace:All the above are sheer diversionary tactics. The issue as introduced by you is Yaradua vs others which I took you up on and showed you facts proving you wrong on your beatification of Yaradua. What people are supposed to do when faced with challenge to their opinion is to either bow to superior facts based argument or counter them with more superior ones. But you took to name calling and claims that your opponent was out just to praise Buhari even though he also acknowledged some Jonathan's positives. Why didn't you also say he was all out to praise Jonathan? That selective choice was what laid it bare that you weren't really interested in facts but had a predetermined opinion and an aversion for Buhari regardless of anything. Isn't it an irony that you claim Nigerian politicians are all nonsense leaders yet you again single Yaradua out for eulogy? If you really don't have time for them because they are bad, then why shower one of them with praises for doing what the others even did better? You don't cease to amaze me. You can't keep asking me to end what you started. This is a public forum where every member is free to air his opinion. So all your blackmail above will not work. You can't dictate what I should respond to and what I should ignore. Such are my exclusive preserves. |
DeRuggedProf:That is just it. A goat that forms the habit of keeping company of dogs must eventually learn how to eat excrement. The eventual fall of Diamond partly as a result of too much loan exposure to a certain wobbling company is a recent picture. |
Princedapace:You were actually the one who started the deviation by accusing me of being a Buhari supporter just because I acknowledged some of his positives even though with irrefutable logical and facts based evidences. So how come it pains you that I accused you of trying to spite Tinubu by playing up Yaradua? I am neither Yoruba nor Igbo. It is obvious that you are Igbo going by the traditional pro-Yaradua-anti-Tinubu/Buhari resentment you displayed here. While the typical Yoruba, South-South person and even some Northerners don't see anything spectacular about Yaradua's actually uneventful tenure, the Igbo man is inclined to dress him in borrowed robes just for the sake of political correctness. Check out those who shower Yaradua with accolades of good governance on Facebook and you'll find over 80% of them as Igbos. Ask them to list his achievements, and you'll hear them talking about detribalization, religious liberalism, and some other parameteras which apart from having nothing to do with good governance, they are actually false because Yaradua championed those tendencies more than anyone else. As someone from a region where JTF killed over 3,000 innocent women and children in the name of chasing after militants, I don't find it comfortable seeing someone crediting him with good governance because according to a fundamental principle of political philosophy, the primary essence for which government was created is the security of lives and property. So any government which, under whatever excuse, sponsors the termination of lives it is meant to protect has failed the acid test for good governance and all else is lost. |
courage89:Hmmmm. Asking questions after becoming shellholders. The break of this news of mountainous syndicated loan could be a red flag with the capacity to bring all this MTN hype to an abrupt end and cut short the current frenzied spate rally of the stock. However, I am quite convinced that MTN must have it's fair share of Nigerian investors' sentiments. |
Princedapace:It is very difficult to have a honest discussion with a typical Igbo man or woman. Below is the post which you made and credited Yaradua with good governance. Please show me where you said anything hazzily about the structure let alone clearly. In the first paragraph you made it a matter of personality and never the structure. In another paragraph you brought up Yaradua and credited him with vision just to spite Tinubu. Then in the penultimate paragraph you made a case for break up as the only solution. You never mentioned anything like structure at all. Why lying to make a point? Read it below yourself. Princedapace: |
Princedapace:Nobody is saying that we should continue with the country in its present failed form. Rather, the argument is that as long as we keep pretending that all we need is a 'good' individual with modern ideas or whatever, hence refusing to face the reality that our problem has nothing to do with the personality of the president but all about the wrong structure we are operating, then Nigeria will never work regardless of even an angel being in Aso Rock. An expert professional driver on the steering of a car with a very poorly designed mechanical system and engine will drive like a person just learning how to drive. What we therefore need is to first put the right structure in place. Once that is done, the system will not even allow mediocres rise to power any more let alone misrule. Haven't you ever wondered why none of the leaders we began to have after the structural change in 1966 was able to impress majority of Nigerians performance wise? You think that trend has been sheer coincidence? Why do you feel anyone who acknowledges Buhari's positives is automatically his supporter? Why? Why? Why? That is as well too shallow. What you don't understand is that the region whose people introduced the aberration called military rule thereby causing the structural change actually carry the blame for the non-performance of the leaders we later had from every other region courtesy of the faulty structure. As long as you declared Yaradua as the best, then you have automatically brought in Buhari, Jonathan, Obasanjo, IBB, Abdulsalam, Shagari, Abacha, Gowon, Murtala Muhammed, Balewa, Ironsi..... The word 'best' is a term of comparison. Yes it is not about Buhari but about Yaradua versus others (going by your comparison) of whom Buhari is among. You claim to have the ability to recognize a leader with modern ideas and concepts, but Ironically you picked Yaradua as one of such despite virtually all of his ideas and concepts were archaic and retrogressive as I have shown with facts. What an interesting irony! |
OakPearl:When I read this news this morning I just shook my head about this MTN obvious game. It all points to a strategy of "Since they imposed a crushing fine on us and on top of that also forced us to list against our wish, then we shall find every possible way to cushion the effect by transferring the burden on their citizens". Talk of Le Chatelier's principle playing out on NSE. |
Princedapace:You were the first to compare Yaradua with others and crowned him the best. But on being shown how he doesn't really compare favourably with those others, you begin to claim you realize it is all about Buhari as if Buhari is not among the others you compared him with in the first instance, and despite me not comparing him with only Buhari but also Jonathan. Of course we know that Buhari's enemies have always been and will always be his enemies regardless of anything, and would even eulogise Yaradua's gargantuan failure or even Abacha just to spite him. Has the country ever really worked after the January 15 1966 military misadventure into politics? Why is that just becoming an issue now that Buhari is in power? My whole point is that Yaradua is the worst of all we've had since 1999, and I have presented the facts for anyone with contrary opinion to refute with superior facts and argument. Anything outside this is sentiments. |
Princedapace:Maybe those are your own standards of good governance. However those achievements, to me, are not fundamental to nation building hence I don't see him as an outlier. I would score Jonathan and Buhari far above him because these two have done certain things which are aimed at addressing the root cause of some of our national challenges unlike Yaradua's contingency approaches you listed above. For example Jonathan's tenure saw the end of political assassinations, genuine and practical electoral reform legacies unlike Yaradua's lip service to same. Jonathan pursued the PIB which would have fundamentally addressed the intractible fuel scarcity thus stabilizing prices and eradicating the agitation for subsidy which removal causes the hike in prices which Yaradua is credited with reducing when in actual fact he only removed the VAT which Obasanjo imposed on the eve of his departure. Jonathan also showed example by being the first sitting president to visit innocent victims of violence in their hospital beds thus showing a human face to governance, and lots more which can't be said of Yaradua. However Jonathan derailed the moment he began trying to, in pursuit of re-election, connect himself to the sympathy of the Hausafulani Core North at the sacrifice of the interest of the South and Middle Belt which gave him his victory votes over Buhari in 2011. I don't know how you came to the conclusion that Yaradua was detribalized. You have forgotten that against intense public outcry he made his kinsman, Rilwan Lukman, minister of petroleum despite that one had no cognate qualification or experience. Just like Buhari, most of Yaradua's appointments had moslems and Northerners as beneficiaries. The same Yaradua totally ignored his own tribes militia (Fulani Herdsmen menace) which started right under his nose but was busy chasing Niger Delta militants with JTF and killing innocent Niger Deltans in thousands while Fulani Herdsmen had a field day. As for Buhari, he too has increased police salary, so what's the big deal about Yaradua doing so? He too is doing some critical infrastructure in education and federal housing scheme. If we don't have to be sentiments driven, his modular refineries policy is a very fundamental approach to a major hydraheaded national problem and a fulfilment of one of the demands for which Ken Saro Wiwa was matyred hence not a contingency or divide and rule amnesty offer like Yaradua's. It is also a step in the direction of the overall restructuring being called for. His ban on importation of many of our comparative advantage commodities, though very harsh, is one of the most fundamentally impactful policies ever made by a Nigerian Government. Yaradua was never that bold and daring. Should Emifiele come up with a Naira Redenomination policy exactly like Soludo's, Buhari will never overrule it even though he might not understand the nitty gritty. But as long as he understands that it will hurt the thieving elite, he will gladly approve of it. |
Franking:Thank you. The fact that so many Nigerians credit with good governance such a person bereft of ideas tells you how bereft of what constiutes good governance Nigerians themselves are hence the sorry state we have been in for decades. Just because his poor state of health imposed on him a calm appearance, people took him for a gentle man with good intentions whereas his few actual actions both as Katsina Governor and Nigeria president revealed a tyrant and dullard. He was so dull that he never visited any advanced country all through his tenure but kept on visiting and seeking economic partnership with countries like Mozambique, Sudan, etc which were economically far inferior to Nigeria. Nothing underscores his dullness than the fact that before Obasanjo handpicked him and imposed him on PDP, not up to 5% of Nigerians knew about his existence as Katsina Governor. He was in total oblivion and was the most unknown and unheard of governor because he wasn't doing anything spectacular as governor for 8 years. He was never in the news either for good or bad until Obasanjo dug him out and started hyping him. |
Princedapace:Neither am I interested in which Region any leader comes from. The theme of my argument here is that Yaradua is the opposite of what you tried to portray him as. Recall that your crediting of him with vision is what triggered it off? |
RTSC:By "the two evolutionary event' I guess you are talking of the Jan 15 1966 coup and declaration of Biafra in 1967. Well, there is actually nothing revolutionary about either of these two events because unlike genuine revolution which brings peace, justice, equity and fair play and genuine national unity, these two events rather magnified the problems they were 'intended' to solve as they increased marginalization, bloodshed, tribalism, nepotism, inter-ethnic resentment, loss of millions of innocent lives and what have you? The Jan 15 1966 coup was a murderous rascality which ended up deliberately sparing some targets unlike a genuine revolution which consumes all the retrogressive elements indiscriminately. Moreover, it was not backed by popular demand. The Biafra declaration of 1967, unlike all genuine revolutionary movements, was a huge self-contradictory afterthought as the Ojukwu who did it had just few months before then assisted Ironsi in drafting and promulgating the Anti-secession Decree which made the declaration of seceesion a treasonable offence punishable with death by hanging. |
RTSC:Just like how a better Hausafulani, a better Edo, a better Yorubas, a better Ijaw, a better Urhobo, a better Ibibio, a better, Ogoni, a better Efik, etc would easily do the correct thing that would address all Nigeria's problems. So it is not just about Igbos alone. The Yoruba man, Obasanjo who ruled twice, was not the choice of Yorubas but that of the IBB-led Northern Oligarchy and their southern collaborators mostly from the SE and my own SS. The SS person who ruled in the person of Jonathan, was not the genuine SS' choice as the circumstances that brought him to power were beyond the SS people's control. If the SS were allowed to make a choice, they would have opted for Donald Duke whom even all other regions easily admit is a material for ideal national leadership. The Northerners who ruled after Ahmadu Bello and Balewa were as well thrown up by circumstances beyond the Northern generality's control hence their musrule can't really be rubbed on all Northerners. |
Princedapace:For the first bolded: Without prejudice to the fact that his so-called amnesty offer didn't solve any problem in the Niger Delta as the agitations have continued till today, he has the gold medal of genocide in the Niger Delta as it was he who ordered the massacre of over 3,000 innocent civilians in Gbaramatu kingdom and had the monarch's palace razed down all by JTF in the name of going after militants one of whom was never apprehended. Your logic above is akin to eulogizing Gowon for beginning a process that brought peace to Igbos despite the process consumed over 3 million innocent Igbo civilians. Secondly, the amnesty offer was not borne out of genuine intention because, apart from the fact that it was an afterthought prompted by the militants reprisal attacks on oil facilities which saw crude oil output plummet by a historic 75% within just two weeks, it redefined and reclassified freedom fighters as criminals asking for pardon from the government which had raped them for years and was therefore the real criminal. Ideally the Niger Deltans are supposed to be the ones granting the Nigerian Government amnesty, but for the stupidity of the likes of Edwin Clark and Jonathan who, with his PhD ought to have known better, urged the Niger Delta freedom fighters to accept Yaradua's reclassification of them as criminals. Do you think that, after having admitted to being criminals to whom the FG showed forgiveness, the Niger Delta people can ever sue the Nigerian Government to any local or International court for war crime or marginalization and win? And that was Yaradua's legacy. Thirdly, did the amnesty policy address a shred of any of the fundamental demands for which Ken Saro Wiwa was killed by Yaradua's brother Abacha? If anything, the amnesty offer only increased laziness, sense of entitlement and unproductivity in the Niger Delta. Fourthly the very wrong precedent set by the amnesty offer is what is being extended today by way of suggesting same for Boko Haram and other terrorist groups to the dismay of the public. How would you feel if Buhari grants Amnesty to Ipob now and the latter foolishly accepts it, then other Nigerian tribes begin to use that as a basis to credit Buhari with beginning a process that brought peace to the SE? For the second bolded: Please note that the East too through Ironsi, has as much as the West and North ruled, and not only having nothing to show for it but even destroyed our federalism hence laying the foundation for all the injustice and misrule we currently complain of. |
Princedapace:Ironically, Yaradua was the biggest joker and most visionless of them all. He alone remains the only president who signed Shariah into law (i.e. as Katsina Governor in 2000) despite the secularity of Nigeria clearly stated in the constiution which he, on his inauguration day, swore to always defend and abide by; he was guilty of so many economic policy reversals which a truly visionary wouldn't even contemplate doing let alone actually execute, he overruled Charles Soludo's visionary Naira Redenomination policy as CBN governor; he declared among his assets a national asset converted to personal property by his family; he rejected the visionary recommendations in the report of the electoral reform panel he himself set up; he reversed the visionary privatization of refineries; and lot more. So much for a visionary leader. |
RTSC:For the first bolded: where did that Ironsi's unitary system land us today, and how come Igbos' voices are the loudest about a return to the true federalism Ironsi replaced with that unitary system? Is it just about being bold to do things however stupid? For the second bolded: how come with all the mutual love and respect that existed between Igbos and Jonathan, Igbos didn't one day have the audacity to challenge Jonathan to restructure but chose to only keep on with the narrative that Jonathan must have his second term as if that was more important than the restructuring to which Jonathan paid lip service throughout his uneventful tenure? The only Igbo man, Festus Odumegwu, who had the temerity to challenge the system by making a case and a genuine attempt towards an important aspect of restructuring was booted out of office by Jonathan to the applause of his own Igbo kinsmen. |
DeRuggedProf:The charm has not really expired. Even if it does unexpectedly now, there is ASV in the form of other stocks currently being held hostage by MTN. |
DeRuggedProf:The charm is still potent. |
By the time MTN, with its 20bn units as said, hits N200 it will become the most capitalized company on NSE with DANGCEM coming a close second position. The level of index distortion these two stocks will wreck on NSE is better imagined especially on days they both gain or both lose. |
Jejebabaa:Last Bank. |
What am I saw...in Zebrudaya's voice? I thoughted they said MTN will only be availability tomorrow? |
My own plan for this MTN listing is counterattack in the sense that I will take a position very close to offside by waiting for those selling off fundamentally sound stocks to buy MTN thus leaving their defense open. Then the expected scarcity of MTN shares will be a long pass of the ball to me which I will rush and score by the time those who fail to get MTN start running back to the defense line by trying to re-buy the fundamentally sound stocks. |
Northeastern:You mean he did well with his selective hence obviously vendetta driven approach 'reforms'? He did well by flouting the recapitalization deadline he himself set for three banks thus deceiving and fooling their shareholders into a wild goose chase for foreign investors? It seems you weren't a victim of any of his rash, erratic and irrational decisions as CBN governor. Do you know that some pensioners had all of their life savings invested in those three banks (especially Afribank being of their generation) he nationalized before his own deadline? Put yourself in their shoes and see if you would appraise the situation as you are doing now. |
PETERiCHY:What goes around really comes around. I recall when Sanusi Lamido set for Bank PHB, Spring Bank and Afribank a recapitalization deadline, and while shareholders and boards of those banks were busy making highly spirited efforts to find interested foreign investors amidst consideration of rights issue or other forms of strategy, he just one day woke up from the wrong side of his bed two clear months to the deadline and withdrew their licences all of a sudden. When asked why such preemption, his excuse was that he had seen it ahead that they would not be able to meet up with the deadline even if allowed to elapse. Talk of a man who couldn't obey a rule he made entirely by himself without any one else's input. He was just too arrogant all through his tenure as CBN governor. He frequently lost focus and delved into politics while on seat even as CBN boss. That brazen act of lawlessness on his part eroded about 35% of my portfolio value. But here we are today with 80% of Sanusi's Emirate eroded from under him by Ganduje in a similar manner. What a small world! |
Amujale:So my simple demand for a video or a website where a rastafarian declared that his faith originated in Ethiopia is what led you into all this merry go round from which you ended up still not providing the video or link? |
Amujale:Show us a link or video in which a Jamaican Rastafarian declared with his mouth that his religion originated in Ethiopia. I am waiting. |
Amujale:Guy, what you said initially is that "Rastafari originated in Ethiopia" which is not true. That they trace the conceptual basis of the movement to Emperor Haile Selassie of Ethiopia doesn't mean the movement started in Ethiopia. The concept itself never emanated from Haile Selassie. Certain Jamaicans only assumed he was a their deity despite the man himself denied it. So how can you claim something originated in a place where it was denied by the very figure around whom it was supposedly built? It doesn't make sense. Can we assume that Reedemed Church started in Israel just because the founder traces the origin of his faith to Jesus who was an Israelite while physically on earth? You are not making sense at all. Accept the glaring fact that you were wrong to have ever claimed that Rastafari started in Ethiopia. |
Amujale:Why are you so shamelessly changing tune? You started by claiming that Rastafarianism originated in Ethiopia. Someone tried to correct you but you stuck to your ignorance. See your original post below: But now that you have been shown the fact, rather than accept it you change it to the issue of concept.
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