₦airaland Forum

I'm still crying even now

Why cry me a river when I didn't chop your money? Are you Hannibal or Pataki?. Be a man and get yourself another lover. Don't let me think you are as weak as the two BOYS aforementioned.

@poster,

we sure have women like that on this part of d world. They may not go as far posting pix and bla, bla bla, but dey can certainly badmouth him at every giving opportunity. I guess d girls that have posted aint such.

Anyway, i don't do that. I think it's rather childish. It doesn't worth it @ all.

Good

Was too busy crying to even think of hurting her.

Liar.

is your zone really deep?

Mr GetLUST, is your lust really curable by holy ghost fire?

A man never gets played after several "nut-busting" duel.
I always WIN.

Don't let me post your naked pictures you sent me by text. You daring me?

You got palyed and your money and you are hurting real bad, accept it and shame the devil.

funmi answer ur qstion.u keep asking people but u never answer

oya post ya own

You know I got no secret and am not among those that pretend as if it's all good from their side because we are online . If i do a thing like that, i'll be the first to accept it.

Only people with no decorum and low self esteen go about hurting their EX-es.
A self confident dude/babe moves on because he/she is dead certain of finding someone better.
For instance, i dumped Hotfunmi and i have found. . . . . . .

You mean you got played?

People do this all the time and this attitude is seen in 80% of women although men prefer to get physical. From the responses above, it seems that Nigerian women do not make up that bunch. They swallow, take the heart break and move on, abi?

So many people do whatever they can to hurt their EX after a bitter break up. Are you one of those? Have you considered such a thing before? Have you tried casting him/her on the internet, posting naughty pictures of your ex? gossiping with his/her name among mutual friends and folks?

What exactly have you done before to hurt him/her? Did you feel fine after you did those things or were you depressed the more?

We start now in Lagos and then the rest of the nation can join us - just like California sets the trend for the rest of the states in the US.

The database is not build in one big jump, it's built gradually - an arrest here, fingerprint him/her; a serious traffic offense there, fingerprint the suspects; capture some suspected robbers? fingerprint them. Overtime, the database will grow, particularly around those who commit most of the crimes.

Lmao, if you finger print a Nigerian armed robber and set him free, you are on your own because his next port of call will be to attack that crime lab.

Oyakhilome loses father 14/10/2008

A religious leader and father of Lagos preacher, Pastor Chris Oyakhilome, Pa T.E Oyakhilome, is dead.

A statement signed by Rev Ray Okocha, on behalf of the Central Executive Council of Believers Loveworld Incorporated (a.k.a Christ Embassy), said the late Oyakhilome died last Saturday.

He was the Director of Studies of the Loveworld Ministerial College.

http://www.thenationonlineng.com/dynamicpage.asp?id=66014

For real, we need to invest especially in forensics. A state like Lagos seriously needs its own forensic/biometrics unit. Sometimes when I watch CSI, I can't but imagine how more effective solving cases would be in Lagos if we had even half of those equipment, labs and trained personnel to go with them. For one, all these recent unresolved murder cases would have a much better chance of being solved. I seriously hope that we get State police in the constitution review.

How can you do that successfully when we don't even have an ID # in Nigeria? You can process a crime scene and identify the DNA but will you match it to a tree?. Again, the idea of crime lab should be national because a rapist from Ibadan can take a trip to lagos and commit a crime. How will you identify him if his information is not in the Lagos state database?

You people should stop accusing Bini's on this prostitution thing. There are many ibo, esan,ibibio, itsekiri and yoruba girls in that business too.

I thought AK47 is an outdated rifle?

And some blind patriots will be quick to tell us how nigeria is making progress.

Should he be found guilty assuming he is innocent just to prove we are making progress?

Please let me ask, Don't teachers get married to Igbo girls?

Exactly; if that rumor is true, how come teachers that earn N30K a month got married in iboland?

you r still not answering the question, are ibo weddings financially daunting or not?remember the poster is asking on behalf of his friend and he needs to be prepared,if u are really an omo ibo like ur handle says then u will be totally objective and lay it down as it is

Contrary to what most people believe believe, most of them are not. Common sense should tell you that if they are financially daunting like that, the poor among them will remain unmarried or marry from other tribes. Their culture varies from place to place and you can't use one place to judge others. I use to think the same until last year when my sister's brother in law got married and when i raised that question, he said that he only spent $500 for traditional rituals and visits to the bride's family, about $5 for dowry and is budgeting about $10K for traditional wedding and how much you spend for your traditional wedding is at your own discretion. You may decide to invite a few guests and spend $500 etc.

Is ofala not a pagan festival?

The CNPP's representative at the roundtable, Mr. Osita Okechukwu, drew her attention to three petitions the conference sent to the EFCC calling for the probe of Obasanjo's administration.

Okechukwu said, "We sent petitions to the EFCC, Madam; they are there before you.

"The EFCC didn't do anything about those petitions. How can you be talking about fighting corruption when you have consistently ignored the petitions we sent to your commission calling for the probe of Obasanjo's tenure?"

Instead of admitting or denying the claim, Waziri rather spoke elaborately on the agency's new anti-corruption "proactive" style, which she said was to prevent an act of corruption before it took place.

Roflmao

Lagos donates 1,000 AK47 riffles to police

Mansur Oladjunjoye

CRIME fighting in Lagos State yesterday received a boost as the government donated 10 armoured personnel carriers (APCs) 1000 AK-47 rifles, 1000 bullet proof vests and 2 million .76mm ammunition to the state police command.






Similarly, some unnamed individuals and a private company donated three combat boats and two utility vehicles respectively to strengthen the operations of the marine police.

Receiving the items, the Inspector-General of Police (IGP) Mr. Mike Okiro warned criminals and social miscreants to leave the state or be dealt with.

According to him, the Nigeria Police Force (NPF) has over the years strived to preserve, protect and pro0mote social justice, pea e, safety, stability and liberty which are necessary for economic development and prosperity.

Speaking at the official hand over of operation crime fighting equipment the Lagos House, Ikeja, Okiro recounted that lack of operational equipment and trust in the police hampered the achievements of the Force in the past.

"Lack of logistics for Police operation and lack of trust by the citizenry used to constitute serious threats/challenges to the force in the time past," he said.

Okiro however appreciated the state government’s security consciousness and care: "The ceremony we are witnessing here today has sent a strong warning signal to criminals and other miscreants in the state to pack their luggage and relocate out of the state.

"Any attempt by them to ignore this sincere advice or to test our will would be met with dire consequences. By handing over these operational equipment that has not only ensured Police superior fire power over violent criminals; Lagos state government has made a bold effort to reaffirm the economic vision of the present administration he said."

http://odili.net/news/source/2008/oct/14/804.html

Obasanjo rejects Reps indictment on power projects
Written by Emmanuel Aziken
Tuesday, October 14, 2008
FORMER President Olusegun Obasanjo rejected, yesterday, the report of the House of Representatives Committee on Power which indicted him and several others for their roles in the award and execution of contracts for the National Integrated Power Projects (NIPPs).

The House report, he said in a statement by his Special Assistant, Mr. Adeoba Ojekunle reeked of “wild, wicked, unsubstantiated and unsupported allegations.”

Even as General Obasanjo spoke, Deputy President of the Senate, Chief Ike Ekweremadu, gave reasons for Senate’s recent investigation of the Obasanjo administration, saying it was to give him (Obasanjo) and other former public officers mentioned in the enquiries the opportunity to clear their names.

Obasanjo rejects indictment

Ojekunle in the statement said:

“Gen. Obasanjo rejects the allegation in its entirety and regards the report as working to a preconceived and afterthought conclusion reached by the leadership of the House and Committee before the so-called investigation took place.

“Nothing can be more reckless than casting aspersion on the person and the intention of the former President.

“The former President pursued the issue of power, which had been previously neglected for 20 years, with high dedication, commitment, prudence, utmost integrity, aggressiveness and diligence required and the best judgement and in the best interest of the nation.”

According to him, there was no substitute for the programme left by that administration to move the power sector forward, adding: “The programme was comprehensive to include government participation on its own, private participation on its own and public-private partnership. What is necessary for all concerned is to help the present administration to move forward expeditiously on the power programme.”

He said as one of the initiators of Transparency International and the chairman of its advisory council until he became President of the country, Obasanjo was one of those who defined “grand corruption” and fought it globally.

“Grand corruption, or any corruption for the matter, must have the ‘giver’ and ‘taker’ for it to exist. “The fact that contracts were awarded does not in itself amount to corruption or grand corruption.”

He wondered why the honourable committee which could not establish a “giver” or a “taker”, could proceed to make wild allegations to support its publicly declared position taken before the investigation began.

The panel in its report had said: “In view of the enormity of issues entailed in the findings above, it is recommended that former President Olusegun Obasanjo be called to account for the recklessness in power sector during his time. The committee recommends that EFCC and the ICPC should investigate him.”

Gen. Obasanjo had in a 5018-word May 2008 letter to the Power Public Panel denied any untoward action in the award/execution of power projects during his tenure.

My scorecard on power —OBJ

He said inter alia: “When our administration came in 1999, we met seven power stations —Kainji, Jebba, Shiroro, Egbin, Afam, Sapele and Delta — all together in different stages of disrepair and obsolescence, generating about 1500MW.

“By 2007, we have added six new stations as follows with the seventh almost completed at Alaoji: Okpai in Delta - 480MW by Agip; Afam II - 276MW; Omotosho - 330MW; Palalanto - 330MW; Geregu - 414MW; Ikot Abasi-Ibom Power - 145MW — to which Federal Government is a partner; Alaoji - 545MW; To these must be added about 2000MW produced by Rivers State.

“We must also take cognizance of the heavy rehabilitation works in all the existing power stations: increasing their available capacity significantly.

“There are six NIPP projects in the pipeline and the expansion of Omotosho, Papalanto, Geregu and Alaoji to about 1000MW each by combined cycle and 2500MW from Mambilla.

“In other words, in eight years of our administration, we have provided six new power generating units of almost 2000MW.

“There was no transmission work embarked upon between 1982 and 2000. But by May 2007, we have taken transmission to Bayelsa State for the first time, double the transmission from Shiroro to Abuja to ensure stability of supply.

“We have also awarded all the transmission contracts to close the transmission loop and ensure that vandalism of transmission or any fault in the transmission line will no longer keep any part of the country in the dark if there is adequate power generation. This is to ensure stability of power supply nationwide.

“At the same time, we have embarked on pre-paid meter system to reduce non-payment of electricity bills and eliminate unauthorised connection. We moved from revenue generation of about N2 billion per month in year 2000 to about N7 billion per month in 2007. Repairs on the pipeline that was vandalised in February 2006 and which began immediately were completed only in March 2008.

“Finally, let me come to the quantum of money spent on power from 1999 to 2007. Various figures have been banded around ranging from US$4 billion to US$16 billion. They may all be right or they may all be wrong depending on what anybody takes as expenditure most of which is constant no matter what amount of power is generated, transmitted or distributed, your figure can be as high as you want to make it.

“That figure will include personal emolument of staff, pensions, gratuities, transportation, maintenance, rural electrification, etc. If you take staff emolument, etc, out and limit expenditure to only running or operating costs and capital expenditure for generation, transmission and distribution, you will get a new set of figures.

“If you add power-related training and expenditure in other ministries and departments such as education, NNPC and industry you will get yet another set of figures. If you limit yourself to capital expenditure and running costs you will get a set of figures that can truly be said to be really expenditure on power.

Capital expenditure: $6.5bn spent on power

“I have been told that the figure in this regard from 1999 to 2007 is in the region of $6.5 billion including outstanding letters of credit. But whatever figure you choose to take, to say that there is little or nothing to show for it is the greatest understatement of the year which will tend to portray inadequate knowledge or ignorance.

“From what I have said above, there are results to show for the expenditure. What is required is serious, adequate and committed follow-up and sustenance from where we stopped.

“If the total expenditure has not translated to power availability at our homes and for our industries, it is because the little additional expenditure that is necessary for completion or for sustenance has not been made.

“For example, if you spend $200 million on a power station and the switch gear costing less than half a million dollar is not installed, you will not get the benefit of the $200 million already invested. For the uninitiated, nothing has happened.

“Let me, at this juncture, crave the Committee’s indulgence to express appreciation, once again, to those my colleagues, collaborators and assistants who joined hands with me in serving Nigeria loyally, committedly, honestly and sacrificially.

“You have done your best for your country, you have made your mark and I am sure the fruits of your labour will continue to be seen and surely appreciated. I am proud of the achievement we have made together.

One thing that anybody may charge against almost all of us under our Administration who were involved in solving the power problem from 1999 to 2007 is passion and zealousness.

“I will, however, accept such a charge without any apologies as I see passion and zealousness for the good of Nigeria as a virtue worthy of emulation.

No regrets

“I thank friends, relations, well-wishers and concerned citizens who have got in touch with me byletters, telephone calls, e-mails and text messages to express their feelings and concerns. The lot of reformers must be understood is not without its pain and stress.

“We have no regret for all that we have done for our country and humanity. We thank God for the opportunity to serve Him by devotedly serving our country and we thank Him for His grace. We also thank Nigerians and friends outside Nigeria who appreciate what we have done.

“I am so confirmed and encouraged by the good we have done for this country politically, economically and socially that I have no regret whatsoever. We have taken Nigeria to where it should be within the limited time we had.

“Honourable Chairman and Honourable Members, thank you. I am ready to deal with any allegations or approvals which my presentation to you so far has not clarified or adequately explained. But let me just add that no approval or programme or policy was granted or embarked upon for personal enrichment or aggrandisement.

“If, however, any official or public officer has made a genuine mistake, he or she should be sanctioned and corrected at the same time.

“I understand that threats for all sorts of spurious reasons are being issued for other investigations, no honest officials or political officers who served in my Administration should feel threatened by such threats if their hands are clean and clear.”

Ekweremadu justifies probe

Meanwhile, the Deputy President of the Senate, Senator Ekweremadu, yesterday, justified Senate's recent probes of the Olusegun Obasanjo administration, saying they were to give the former President and other public officials mentioned in the enquiries the opportunity to clear their names.

The explanation by Senator Ekweremadu came as the Senate commenced an investigation into the inflation by N561 billion ($4.8 billion) of the Escravos Gas To Liquid (EGTL) Project operated by Chevron Nigeria Limited in partnership with the Nigerian National Petroleum Corporation (NNPC).

The Escravos project which was conceived after a similar project in Qatar that cost $900 million in 2005 was awarded for a lump sum of $1.749 billion by the Funso Kupolokun-led management of the NNPC.

The project which has so far consumed $2.217 billion with 68% project completion was unilaterally altered by Chevron in 2006 to a cost of $5.905 billion. Concurrent with the unilateral hike of the project cost was the alteration of the contracting strategy from a lump basis to a reimbursable basis, to wit, making the contract open ended.

Mr. Supo Shadiya, the Acting Managing Director of Chevron Nigeria Limited, who represented the company when pressed on the finality of the contentious $5.9 billion figure would not give a definite word, asserting that the final cost of the project could depend on extraneous factors.

The EGTL plant which is being constructed next to the Escravos Gas Processing Plant in Delta State was conceived to convert natural gas into liquid fuels and is estimated to produce about 33,000 barrels per day of Gas to Liquid (GTL) fuel (Diesel), Naphtha and a little quantity of Liquefied Petroleum Gas (LPG).

Yesterday’s hearing was attended by the two immediate past Group Managing Directors of the NNPC— Dr. Jackson Gaius-Obaseki and Engr. Funso Kupolokun.

Gaius-Obaseki under whose tenure the project was fully conceived affirmed that he would under no circumstances have allowed the contract to go beyond $1.1 billion. His successor, Kupolokun under whose tenure the contract was awarded for $2.217 billion cited consultants and other mitigating factors that compelled his management to award the contract at that cost.

He, like the present management of NNPC, denied giving the approval for the hike in the contract cost to $5.9 billion. Shadiya also affirmed that Chevron did not get an approval from the NNPC in raising the total project cost.

Flagging off the public hearing being conducted by the Senator Osita Izunaso-led Committee on Gas, Ekweremadu gave insight into why the National Assembly was probing the financial affairs of the immediate past administration.

“We are trying to look at public expenditure especially those that we have been opportune to appropriate how they were utilised in the past. It appears that the country is expectant about the delivery in respect of some of these enquiries.

“They may be slow but I can assure you that we are steady about it because when people’s names built over the years are involved, it is better to be painstaking that people are not ordinarily and otherwise embarrassed and their names dragged to the mud.

“So, we want to assure that in all respects that in all the enquiries going on in the National Assembly especially the Senate, we will get to the root of the matter at the appropriate time and we will ensure as well that nobody suffers unjustly and that only justice will be the watchword,” he said.

Earlier, the Committee chairman, Senator Izunaso, had given the Committee’s brief to include among others to know “the reasons, benefit to Nigeria, process, authority and justification for the upward review of project cost especially in light of the fact that similar 34,000 bpd capacity Qatar Oryx GTL cost just USD 750 million and that of Qatar Pearl with a capacity 4 times bigger than our own is estimated at a cost of USD 3 billion.”


http://odili.net/news/source/2008/oct/14/304.html

No evidence against Obasanjo, Files on ex-governors missing, says EFCC

By John Ameh, Abuja

The Chairman of the Economic and Financial Crimes Commission, Mrs. Faraday Waziri, on Monday said that the former state governors investigated by the commission were still walking about freely because files on their alleged misdeeds were either "missing or distorted."







Waziri, who spoke at a national round table on "Millennium Development Goals and Challenges of Anti-Corruption, "organised by the House of Representatives Faculty Board of Initiatives in Abuja, also said the commission had no evidence against a former President, Chief Olusegun Obasanjo.

Her predecessor, Mallam Nuhu Ribadu, had once told the Senate in 2007 that the EFCC had concluded investigations into the corrupt activities of about 31 former and serving governors.

Only a few of the former governors - Chief James Ibori (Delta), Chief Orji Kalu (Abia), Chief Lucky Igbinedion (Edo), Dr. Chimaroke Nnamani (Enugu), Mr. Ayo Fayose (Ekiti), Chief Joshua Dariye (Plateau), Mr. Jolly Nyame (Taraba), Alhaji Saminu Turaki (Jigawa), Mr. Boni Haruna (Adamawa), have since been arraigned by the anti-graft agency.

But at the rountable, Waziri stunned the audience that included the Speaker of the House, Mr. Dimeji Bankole, lawmakers and some governors, when she said, "I don't have 31 files ( on the former governors); there is no prima-facie case against them.

"It is trite law that we must hear all sides, but here we have distorted files and statements."

She said that the commission's predicament was worsened by the unwillingness of people to assist it with vital proof that would have hastened the effort to bring the former governors to justice.

Waziri cited one major bottleneck as the uncooperative attitude of witnesses who refuse to appear in court and testify against those under the EFCC's watch.

The EFCC chairman also said that she neither met any petition against Obasanjo when she assumed office nor had any been sent to her since she became the head of the commission early this year.

"I am working on what I have found; I have not received any petition against Obasanjo and there is no case file there (at the EFCC's office)," she stated.

But the Conference of Nigerian Political Parties, disagreed with Waziri when it pointed out that she was merely making excuses.

The CNPP's representative at the roundtable, Mr. Osita Okechukwu, drew her attention to three petitions the conference sent to the EFCC calling for the probe of Obasanjo's administration.

Okechukwu said, "We sent petitions to the EFCC, Madam; they are there before you.

"The EFCC didn't do anything about those petitions. How can you be talking about fighting corruption when you have consistently ignored the petitions we sent to your commission calling for the probe of Obasanjo's tenure?"

Instead of admitting or denying the claim, Waziri rather spoke elaborately on the agency's new anti-corruption "proactive" style, which she said was to prevent an act of corruption before it took place.

She explained that ex-public officers had learnt smarter ideas of making the agency's prosecution and recovery of stolen money more difficult.

She stated that prevention and prosecution of established cases would go hand-in-hand, contrary to the public perception that the EFCC under her, was not interested in arresting and prosecuting suspects.

Waziri defended the agency's desire to have the Nigerian Civil Forfeiture bill passed by the National Assembly to empower the agency to confiscate the assets of public officers protected by immunity even while in office.

She told the gathering that the commission was already turning its searchlight on state and local governments as a mark of its concern over how the billions of naira allocated monthly to them from the Federation Account were utilised.

She said, "Enough is enough; we are also communicating the MDAs (ministries, departments and agencies) to provide us with the list of companies they have awarded contracts.

"We are checking whether the companies are registered with the Corporate Affairs Commission. We want to know so that if there is a problem with a particular contract, we can begin to ask the right questions immediately.

"We hope that together, we will win the war against corruption."

Bankole, in his remarks, observed that the collapse of basic infrastructure in the country was a testimony to the fact that the funds appropriated over the years to revive them were "diverted into private pockets or stolen."

The speaker noted that the revelations that came out of the probe of the power sector by the House and the ongoing investigations of the oil sector had told the story of how the country had been run aground.

He, therefore, urged the Presidency to summon the courage to implement the reports on the various probes by the House when debated and passed over to it.

Bankole also appealed to Nigerians to ask questions on the status of unspent funds held by states and local governments.

He said, "Nigeria is facing monumental corruption; this year, we recovered about N450bn unspent funds at the Federal level.

"The question to ask is why have we not had cases of unspent funds from the states and local governments, especially when the two collect about 48 per cent of our allocations?

"If the money appropriated to the power sector had been utilised, we would have gone a long way in achieving the Millennium Development Goals."


http://odili.net/news/source/2008/oct/14/417.html

Life insurance is a recipe for murder. I don't even advise it even if my husband suggests it because it may make your partner develop funny ideas especially if the money is big.

@1st story,so sad and unfortunate.Knowing Nigeria for what it is,i doubt if anything good would come out of it . . .Civilian V Police Angry
Frustrations here and there !

So true.

Obiwon's Nigerian girls:


https://www.youtube.com/watch?v=J55rgZX-KWI

Friday, October 10, 2008
Kel, manager in car crash

By Ayeni Adekunle


Fast-rising rapper, Kel and her manager, Osagie Osarenkhoe, were thanking God to be alive after surviving a car crash on their way back from a night out on September 30.

https://odili.net/news/source/2008/oct/10/punch/images/1.jpg
Kel



The young friends, who have worked hard to earn recognition and respect, were heading to Nigezie’s Lagos office around 4am when the unfortunate crash occurred. But while Kel escaped with minor scratches and a bleeding nose, her manager and the driver Andre were not as lucky.

Andre, who reportedly works for Nigezie, suffered a dislocated knee, while Miss Osarenkhoe, who was on the rear sit, hit her head on the front passenger’s head rest, dislocating her jaw and causing serious damage to her head. A source close to their crew told E-Punch she may not have been wearing her seat belt.

The talent manager, who celebrated her 24th birthday on June 24, was rushed to the Lagos University Teaching Hospital where she had to undergo surgery.

With her boyfriend, Lanre Oladimeji, close friends, Tosyn Bucknor, Kel and others in constant prayer mood, it was not surprising when on Tuesday, she was discharged from LUTH after undergoing a successful operation.

Facebook friends dedicated status updates to her, wishing her well, while many left get-well-quick messages on her wall. Friends and colleagues at Capital records practically abandoned tasks to be by her bedside.

Although Kel was said to have suffered a ‘‘great’’ amount of shock, injured her fingers and had her nose bleeding, sources say her condition immediately stabilised and she is ‘‘well and okay.’’

Osagie Osarenkhoe first came to public attention when she managed the artiste known as Con.Tra.Dic.Tion. She has also worked on TV show, Moments with Mo.

Her current artiste, Kel, has been tipped as one of the top five rappers expected to dominate the hip hop world within the next few months

http://odili.net/news/source/2008/oct/10/421.html

[size=14pt]Finally, Nigeria to adopt current account convertibility[/size]
• 2009 Budget keeps minister away from IMF meeting
From Ayodele Aminu and Constance Ikokwu in Washington DC, 10.13.2008

Monday, October 13, 2008

Nigeria is on the verge of assenting to Article VIII of the International Monetary Fund (IMF) charter to have current account convertibility, Central Bank of Nigeria (CBN) Governor, Prof. Chukwuma Soludo, has said.


It has also emerged that the pressure arising from the need to get next year’s budget ready for submission to the National Assembly kept away Finance Minister, Dr. Shamsuddeen Usman, and his Minister of State, Mr. Aderemi Babalola, from the ongoing annual World Bank/IMF meetings in Washington DC.

Currency convertibility is the ease with which the naira can be traded for foreign currency for a particular usage and at a given exchange rate. It permits free inflows and outflows for all uses other than for capital purposes.

Nigerians will soon be able to make and receive trade-related payments in dollars (or any other foreign currency) for export of goods and services and pay dollars for import of goods and services, make sundry remittances, access foreign currency for travel, studies abroad, medical treatment and gifts.

Briefing journalists yesterday in Washington, Soludo said the current account convertibility idea is being embraced by Nigeria because the global system prescribes it as a standard.

Currency convertibility is one of the four items on the agenda for the naira launched last year by the CBN but which the redenomination of the national currency was put on hold.

With the system, Nigerians in the Diaspora, like in developed economies, would be able to remit their funds home in whatever foreign currencies they desire without any constraint.

Soludo explained: “One of the key requirements is that you are not going to have multiple currency practice.”

He recalled that on July 28, President Umaru Musa Yar’Adua had approved that Nigeria assent to Article VIII of the IMF, which prescribes current account convertibility.

Soludo said Nigeria is one of the 18 countries in the world yet to operate the system, but said the country was already working out the modalities.

He noted that global micro-economic imbalance still remains with most of the world running into deficits, while several others such as China are running surpluses.

“The global economy is plunging into a recession, which might drag to 2009. If that happens, the implications for the developing world are quite clear.

“As for Nigeria, the context that pertains to us mainly is the issue of commodity prices, which would fall. Oil prices are already dropping and probably will continue and that has serious implication for our microeconomic especially on the fiscal side of things,” he said, adding: “With the stress on the global economy, there is likely to be higher lending rates, which would affect the entire world.”

THISDAY gathered that Shamsuddeen and Babalola had to stay back in Abuja so as to keep up with Yar’ Adua’s deadline that the budget proposal should be ready on Wednesday, October 15.

With the absence of the duo, Nigeria is not being represented at the ministerial level at the meetings, which would end also on Wednesday.

Soludo is the most senior Nigerian official at the yearly forum where managers of national economies meet to deliberate on different issues affecting the global economy.

Soludo is being assisted by one of his deputies, Dr. Sarah Alade, who is in charge of Economic Policy at the CBN; the Accountant General of the Federation, Alhaji Ibrahim Dankwabo, and Director, National Planning Commission (NPC), Mr. Sylvester Monye.

Soludo, and other members of the delegation have however, been carrying on with all the meetings where Nigeria is expected to have a voice except in the African Finance Minister’s Conference, which is meant for only holders of the political office of finance minister.

There are speculations among some delegates from Africa over whether the absence of Shamsuddeen who has been a regular face at the IMF/World Bank spring and annual meetings – first as Deputy Governor of the CBN and later as finance minister – had to do with the impending cabinet reshuffle.

http://odili.net/news/source/2008/oct/13/204.html

Osis, as long as it's NOT Nonso, then she can marry any other Grin Grin Grin Grin Grin, I want that Nonso for myself oo, Grin Grin Grin, Was going to keeep Mike Ezurounye as a back up. But since he went messing with that 'blond" chic from Sierra Leone, the same chic that lives in Maryland, I have cast his ass aside, So right now, Nonso is the ONLY one under my umbrella,

I tell you Nonso will be history when you see Yemi Blaq.

can you make a thread without references to regions or ethnic groups??

Is it a crime to mention the region where it happened?