₦airaland Forum

Hmmmmm
In a few moments, the EFCC/Amaechiphobic group will flood the thread making nonsense of report of EFCC progress.

If the charges were premised on terrorism, why was he granted bail?

The attention of the Economic and Financial Crimes Commission, EFCC, has been drawn to a report captioned, “Judge Blasts EFCC, FREES Justice Ademola, Wife,Others”, which was promoted on the front page of Daily Sun of Thursday April 6, 2017.


The banner created the false impression that the EFCC handled the prosecution of the Judge and his wife which case was dismissed on Wednesday, April 5, 2017 as lacking in merit.

Curiously going through the body of the story on page 6 of the newspaper, there was nowhere the EFCC was mentioned as the prosecuting agency. Instead, the writer made copious references to the Department of State Security (DSS) and the office of the Attorney General of the Federation as the prosecution authorities. The report in fact is emphatic that: ”The charges were filed by the office of the Attorney General of the Federation, following the raid by the Department of State Services’ operatives on the Judge’s house on October 7, 2016”. How and why the name of the EFCC crept into the banner headline remains a puzzle except that The Sun group appears to have made EFCC bashing a pastime in recent times.

A few days ago, the Saturday edition of the newspaper went to town with a scandalous report linking ownership of two mansions in Ministers Hill, Maitama, Abuja, to the wife of Mr. Ibrahim Magu, the Acting Chairman of the EFCC. Mr. Magu was therefore forced to write the publication through his lawyers, asking for retraction, public apology and compensation for libel.

Even rookie journalists and non media practitioners in Nigeria know that the EFCC had no role in Justice Ademola’s arrest and trial but it serves The
Sun’s agenda to consistently malign the Commission by linking the agency to the case because the ruling was not favourable. Were the judgment to have been otherwise, would The Sun attribute the case to the EFCC?

The Commission therefore demands retraction of the offensive report and an apology that must be given the same prominence as the story in question.

Media & Publicity
6th April, 2017

https://efccnigeria.org/efcc/news/2451-the-sun-goofs-again-claims-efcc-prosecuted-justice-ademola

Momoh is right. The power of confirmation of Magu is an unnecessary unconstitutional privilege.

Hmmmmmmm

This is very poor even by Anambra state standard. During Ngige's regime, the drainage precedes the asphalt layering. What is wrong with Obiano?

SONATA? Bro, has recession changed ix35 to sonata?

First time a thread about my state reached three pages. We are still in the button rung of the ladder in developmental milestone. In all, score card still reads very poor.

Hmmmmmmm

5 & 6 typical symptoms of TRUMPulomania from too much of Sherrif's punches

You will know a biased post when you see one. Statistically, see the distribution of your words.

OBJ regime 96 months. 240+ words

Yaradua's. 32 months. 230+ words

GEJ's. 64months. 230+ words

Buharis's . 18months. 720+ words

So can you now see how biased you are?

fulaniHERDSman:
Then its obvious your motive is mischief. I quit!

It pays to have a thinking brain than itchy fingers.

The two state govts should concentrate more on optimal deployment of their current allocation than focussing on a locked-in windfall that may have fallen victim of successive PDP era of voodoo economics.

mostyg:
The bull was 21 when he played at USA 94 and he was definitely 17 at Algiers 90.
You want me to believe that?

The internet is a cheap 'red light zone' to seek fun.

mostyg:
How can Amokachi be 43 years old?
How much did he receive when he was the assistant National coach?

Why can't he be 43 years old? He was an academical when he played for Nigeria in Algiers 90.

Sandydayziz:
Wat made u tink I was talking bout rice production?

What was the thread all about?

Sandydayziz:
Edo state still sleeping?

Patiently waiting for 2017!

You seem not to know what's gwan in your state. There is Agbede rice of about same quality as LAKE rice but cost 20k/bag. I won't indulge you with the pics, though.

@Op, this is a poor job at propaganda. Try harder next time, otherwise you will be out of job very soon.

Violence seems to be the way of life in Rivers state. Anything contrary is anathema.

jabbo:
Gary Lineker is the best of the lot. He was never causioned (yellow carded) in his playing career.

You are a good football historian. In our playing days, he never received a yellow card.

CXLVII:
And one OZAOEKPE is already wailing

The thing in question is a robot. So don't expect any rational opinion from it.

dokiOloye

I sent you a pm strictly for information. Please, acknowledge if ok by you.

2n2k:
When Nzeribe sabotaged his party (sdp) presidential candidate in 1993, he was typical what?

All you these political analysts wannabes wrongly think politicians don't have individual interest to protect.

Thank you for the archival fact.

SE, My beloved SE.

Yes. True talk sir.
I gathered from an article written about you that GEJ never paid you a courtesy visit, while acting as a delivery boy of dollars, during the campaign in the SE. In fact that he never visited you nor deemed it fit to tap into your vast knowledge throughout his tenure. Same cold treatment the party administered to all its founding fathers. Unfortunately, sir, there is no time to right this wrong. Your beloved party is in cataclysmic implosion. And rightly so.
So, WEEP NOT SIR.

Hmmmmmmm

If we go by the reason adduced for the rejection of this nomination, then Dr Saraki shouldn't be the Senate President. But this is politics where your real or assumed foe lay in wait to deliver a fatal blow to rearrange political equations.
Apparently, the candidate didn't lobby convincingly enough for his nomination to scale through. As things stand, Saraki is the jagaban of Kwara politics. The nurse need to postrate before him. Maybe, the 'ayes' may swing his way.

amagunnerfan:
And who told you we were not in recession under Yar'adua? How soon do you forget? Question is, in the years of plenty, what exactly did we do with our earnings?

Oil sold for over 120 dollars for over 2 years under le shoeless, what was done with it? And before you say the governors opposed him from saving, tell us first what he did with the federal government's own savings?
Le shoeless and not Buhari got us into this mess.

This is exactly the problem. He ruined us. He had plenty but plunged us into debt. Figures below will do justice.

2. UMARU MUSA YAR ADUA (2007 - 2009)

EXTERNAL DEBT:
Inherited: $3,348.22 billion

Left: $3.94 billion Dollars

http://www.dmo.gov.ng/oci/News/docs/Fact%20on%20%20Nigeria%20External%20Debt%20Stock.pdf

EXTERNAL RESERVE
Inherited: $45.0 billion

Grew To: $63 billion in September, 2008
http://www.nigerianmuse.com/20090102021223zg/nigeria-watch/nigeria-s-foreign-reserves-dip-to-52-7-billion/

Left : $47. 7 billion (As at Dec 31st 2009 when Jonathan took over as "Overseer" )
http://www.vanguardngr.com/2011/03/state-of-nigerias-external-reserves-worrisome-cipm-president/#sthash.cXXdNcoU.dpuf

N/B:
The reserve grew when the price of Crude Oil was $147 per barrel
It Slided in Mid 2008 during the recession, when the crude price fell to $35 per barrel in 2009, till his death



3. PRESIDENT GOODLUCK JONATHAN:
EXTERNAL DEBT
Inherited: $3.94 billion Dollars

As At Now: $9.3 billion Dollars

http://www.dmo.gov.ng/oci/edebtstock/docs/External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf

FOREIGN RESERVE:
Inherited: $47. 7 billion (As At December 31st, 2009)

As At Now: $38.2BILLION http://www.cenbank.org/intops/Reserve.asp

N/B:
Of the $9.3 billion EXTERNAL DEBT, Federal Government’s owes $6.36b, while ALL 36 States plus FCT owes $3.0 billion

As at 2010, Oil Price was at $89 per barrel

As at 2011, It was $103 per barrel - During Le shoeless' regime.

As at November 2014 it is $100 per barrel http://en.wikipedia.org/wiki/World_oil_market_chronology_from_2003

Meaning, Jonathan have access to more more money than Yar Adua, but he depleted the Foreign Reserve and Still Purge Us into Further Debt With NOTHING to show.

Le shoeless was producing more oil and was selling for more than Buhari, almost 4 times more. Got us into debt to the ton of over $5 billion. Depleted the reserve from $47. 7 billion to $38.2 billion and this is despite selling our crude for more and without militrants unrest.

Now go on and defend your boss.

Very educalive

obailala:
"In the end, foreign investors took over $80B out of the economy within a short period and everything went down to free fall"

Are you sure you know what $80 billion is?

Do you know that oil export accounts for up to 90% of Nigeria's monthly forex inflow?.... Are you aware the amount of forex inflow has reduced by up to 60% courtesy of oil price plunge and reduced oil output (thanks to NDA and co)?... Now if you studied elementary economics you should know the demand and supply laws and you should know what happens when supply of forex drops dangerously but the demand almost remains constant?

Are you aware that within 6 months between November 2014 and May 2015, Nigeria's forex reserves dropped by a whooping $10billion from $38.5 to $28.5bn?... This was when we still had the so called world class economic team and economic managers and this was even when the oil crash was still at the early stages and still selling above $65/barrel (as at May 2015). Due to the negative balance of trade (less forex inflow than outflow), reserves dropped by $10billion in 6 months and this didn't still prevent the Naira from crashing from N160 to N220. The first thing the new administration did was to impose restrictions on the release of forex by the CBN to prevent it dropping to zero (Venezuela).

Of course the restrictions (which was indeed a life saving inevitable venture) eventually caused dollar price to increase rapidly (demand and supply theory) and the restrictions also forced several foreign investors to unfortunately leave. But would you have rather had the vault of the CBN forex reserves opened to those investors and watched Nigeria instantly drop down to a Venezuelan situation?....

And finally, whatever capital flight that may have occurred due to foreigners leaving is just a scratch on the surface compared to the damage done by the crash in oil prices and the NDA driven reduction in production. Don't let politicians or sentimentally angry people distort the simple narrative, a spade must be called a spade. If oil price doesn't come back up miraculously, diversification is the only way out of the current situation and it takes time 9years) and money to diversify an economy.

Very good analysis

Do you have in stock Nissan xterra shock absorbers?

Why the need for source when the meal is soured already.

Post menopausal!

Ozaekpe, you are the least qualified to recommend or second anybody to rule this country. You are uncouth and disrespectful to constituted authority. You call your leader an an imal, and promote the virtues of renegrades and expect to have listening ears to your crooked suggestion. Kwantinue. We shall meet at the appointed time.

$175milla! Hmmmmmmmm

mileage, pls. What is the state of the shocks?