₦airaland Forum

According to Maina, over N 39 billion worth of properties bought with the proceeds of the graft have been recovered. Also several bank accounts with a combined value of N 180 million were revealed and impounded.

Majority of the graft was traced to corrupt officials in the Pension unit of the Office of the Head of Service, in a testament to the rot of corruption that is ever pervasive in the system.

AjanleKoko:
See what I mean.
They have all been in government. What did they leave as a legacy?

Dis Guy:
and in the course of investigating a stolen car, or repairing a damaged car, is there a complimentary car given to the policy holder or he will just have to leg it for 3/6months?

Nashville:
Intellectually, El-Rufai is by far the most intelligent and even Sanusi accepted that El-Rufai is not his intellectual match. You can check his record, a 1st class from ABU and a Harvard alumnus. He is not as talkative as Sanusi but he is more intelligent. To me Ribadu is not in their league at all. Ribadu's performances at the presidential debates last year were disappointing.

Politically though, Sanusi has it. He is from a royal family and has all the networks. El-Rufai's father died at 8 and he was brought up by an uncle. Sanusi is really where he is today mainly due to his background. He was promoted from Senior Manager in UBA to CEO of First bank within nine years. That does not come from genius. That's politics. And Sanusi can jail bank MDs without any questions because of his political background.

As I said, Sanusi and El-Rufai are intellectuals but I will not put Ribadu in that league at all.

AjanleKoko:
Why do Nigerians keep looking for heroes? Cos we aint got enough good men in govtWhy can't we judge people based on their deeds, and not their words? Most dont last long in govt to leave a mark, so we have few deed and plenty words

As far as I'm concerned, none of the three have achieved anything noteworthy. Rather, they've been beneficiaries of the Nigerian system, occupied positions for which they were not the best qualified, and did not make their mark by leaving any lasting legacy. It's all talk, talk, and more talk.

Sad country

His integrity is beyond reproach-of course, people will say anything but after years of trying no one is yet able to show any evidence backing up allegations

Benez:
@ Sienna, thanks.
House, i have spent more than 12 yrs in dis insustry. Most claimants have issues with Insurance coys at d point of claim. The issue is dat clients are not well educated b4 picking up an Ins. Policy.

Now, back to my point. I quite agree that it is 5% but for a standard Motor policy, there is an Excess, which is an amt or a %age of the would be amt claimed (whichever is greater) imposed by an Ins. Coy. For instance, an excess could be #20k or 5% of claim (whichever is greater). What it means is that, for a car of #1m, at the point of claim, if the loss/damage is #400k, d coy will find 5% of #400k. The greater btw the result and the above        #20k will now be deducted from d #400k and the bal. Is given to u. That means instead of #400k, u will get #380k subject to depreciation.

The impact is felt more in d event of a total loss/theft because basically, d coy will apply percentage which will definitely be higher than the excess amt. In the above example, if the vehicle is stolen, the excess deductible is 5% of #1m. Some clients end up bearing up to #200 - #300k because it is value that determines the excess. In otherwords, the higher d value of a vehicle, d higher d excess.

But there is a way u can negotiate at d inception of the policy that u don't want d coy to deduct any excess from your claim in the event of a future loss, so d coy will then charge u 1% of the value of d car and add it to the premium of 5% to make it 6%.

U must equally note that for vehicle theft, Insurance coys settle after three months because of investigation and to see if d car will be recovered.

This is my submission. For enquiry and patronage, call me on 08023198878  or 08173198878.

Thank u.

Ola one:
How many sticky threads do we have in this section?

You can as well reserve Page 1 for sticky threads.

efisher:
@Dis guy, that's a valid concern too but let's point the searchlight on the power sector also.

1. Population has increased leading to direct increase in energy need.
2. Increase in "MW" most likely did not meet up with the increase in power demand.
3. More appliances, more businesses, greater awareness, more wealthy individuals etc all contribute to an increase in energy demand and ability to meet it.
4. More generators imported as mentioned earlier.

asha 80:
that cannot happen in nigeria because of nigeria's complexities.

Like every other system, this will fail woefully if we cannot maintain an accurate database of our citizens. This will mean computerization of our population data with biometric controls. This skeletal write-up may be an idea for the next 100 years but I think it's worth mentioning.

What do you think?

5. Subsidy will be graded according to earning power. I.e. Higher earners enjoy less subsidy per liter while lower income earners enjoy more.

allycat:
We bought diesel last week for our generator, after the removal of the subsidy on PMS and the noticed that there was hardly any increment in the price. This makes me wonder why luxury buses from the east whose running cost have not increased also increased their prices by almost 200%. We are all shouting ourselves hoarse at the government and private businesses are using the opportunity to rip us off, while we remain mute. HFor the same reason BRT buses in Lagos or molues or trailers carrying foodstuff from the north have no business increasing their prices as they are not affected in any way since they use diesel. The airline industry also is not affected their fuel was deregulated ages ago so if they increase their prices it will only be due to greed.
So while we curse at our government we should also curse those fellow common men who are making life more difficult for their fellow common man.

The Federal government has established a Subsidy Reinvestment and Empowerment Programme (SURE – P) that Nigerians can use to hold government accountable. The discontinuation of the current fuel subsidy will save additional resources for investing in programmes targeted at mitigating poverty and spurring economic growth.

Power—our epileptic power supply is crippling the growth of this economy. The SURE programme will invest N195 billion in the construction of large, small and medium hydropower plants that will generate a cumulative capacity of 2740 megawatts of electricity, while also providing counterpart funding for the development of coal power projects with a potential to generate 1000 megawatts.