victree007:
Has Nigeria collapsed without the so called cabinet now?

Has Nigeria collapsed with the amount of looted funds we have been hearing.

What is bad is bad so your question shouldn't arise.

Governors and duallization.

U sure say that thing wey dey dance na governor dota? Em papa follow dey own salari? she no look like person wey dey eat once talkless of twice.

Powered by which Internet?

Fashola might decide to pour sand in Ambode's garri if he continues. He should remember that their case with Agbaja is still.

Rotimi47:
How is jagaban losing when he is busy given haters sleepless nights? Gbajabiamila is now majority leader and Amechi that worked with others so that saraki emerged senate president against the WILL of the party have the whole APC local government chairmen installed by Ameachi removed few weeks after he betrayed Tinubu, Tambuwal went to beg Tinubu in his abuja house and Tinubu walked him out, Altiku have been silenced; I can go on & on even if I don't really like Tinubu as a person but he has brought a great meaning to politics & as a result worked with other meaniful leaders to save Nigeria from total collapse.

Is Amaechi and Tinubu at logger head? I don't understand what is going on again. are you telling us the Amaechi connived with Saraki in that senate tussle? To much backstabbing in Nigeria politics.

I think say if the name no match the account number they will not credit. I go dey lot properly from now oo.

Fashola na the biggest Olodo in Lagos politics. He performed in his first term by Nigerian standard instead he will break free from Tinubu he prefer doing boy boy. Now Tinubu has replaced him with somebody that is not friendly with him, hi want to start making noise.

Fashola should be the person to nominate who will succeed is he was a strong Governor. He blundered his chances and if this news is true tinubu will rubbish. They are no match right now.

He went to Lagos to receive info on who the next ONI will be. Did you guys not read where Bode George accused Tinubu of influencing who the next ONI will be.

I hope no fracas will result cos of this.

Info reaching me now from Links Newswire is the T-shirts are being parked for onward shipment to different markets/distributors all acros west African sub-region.

I have the picture but don't know how to upload. Who can help.

Is PDP the party in charge? Thought APC are top notch in terms of admin.
I think you are here to attack Ambo because he is exposing the fraud called Fash.

fulanimafia:
Father Kukah is a man I respect so much. He should not allow any sentiments becloud his objectivity.

I cannot possibly entertain the idea that a man should not pay for his crimes, because he did what he was supposed to do.

When 10 people commit such sin and single out one person pay for the crime of 10, something must be wrong somewhere. Let everybody that sins pay for his or her own sin.

luvmijeje:


Is it possible for the state agency to award contract without the Governor giving an approval?

How can state agency award contract for tundefashola.com?

aresa:
[s][/s]


Keep quiet please. Fighting corruption is not shouting corruption on the internet like bingo, showing us exactly what people stole, how much and from where is what gets people convicted for corruption and not your silly ramblings like a village goat...


Do they convict and send people to jail in your village just with market women gossips on the internet...?

For the past 4 years now most Nigerians including aresa are shouting how corrupt Deziani and other are without showing any evidence. Even going to an extent of telling us the prison they will serve in. Now most Nigerians are doing the same to Oga Fash and aresa is asking them to provide evidence.

Nigerians una funny. Somebody will always be corrupt when he belong to another camp.

B4 nko

INTROVERT:




w

Ntooo

This guy keep making sense. One thing I dislike about him is the treat of violence sometimes.

From Grandson Soyemi

In 1976, Niger state split from Sokoto;
In 1991, Kebbi state split from Sokoto;
In 1996, Zamfara state was split from Sokoto.

Niger State consists of twenty-five (25) Local Government Areas; Kebbi State consists of twenty-one (21) Local Government Areas; Zamfara State consists of fourteen (14) Local Government Areas; and Sokoto State consists of twenty-three (23) Local Government Areas. Sokoto, a single state prior to 1976, was divided three times between 1976 and 1996 into four (4) states. These four (4), states have between them 83 Local Governments.

Do note that Lagos state and Sokoto state were the same in 1976 in terms of number of local governments. However, while the Lagos state remains just a state with its original 20 local governments, Sokoto state had been split three times into four (4) states with 83 local governments from its original 20 local governments.

It will interest nobody if Sokoto State is divided into 100 states tomorrow and funded by the income generated from the area only. We are, nevertheless, concerned that, it is the revenues generated from the Yoruba South-West Region that is funding economic growth and development in states like Sokoto and all other Northern states.

Buhari says looters of national resources are to be arraigned shortly. Mr Buhari is just fooling the gullible Yoruba Youths. The looted resources belong to the Yoruba's and the Niger Delta's people and not the whole of Nigeria. He recognizes the fundamental cause of corruption in Nigeria is the unitary constitution of the country. He knows that Hausa/Fulani have looted the resources of the Yoruba's and Niger Delta's people since the suspension of regional government in 1966. But he is running about with lies and propaganda, grandstanding about curbing corruption in Nigeria.

Before Mr Buhari's second coming, we have had Babangida (8yrs); Shonekan (3mth), Abacha (5yrs); Abdulsalam (1yr); Obasanjo (8yrs); Yar'Adua (3yrs); and Jonathan (5yrs), yet corruption hasn't been abated. Why? The section below, which is a portion of the constitution of Nigeria, encourages corruption. Buhari knows this, but he is unwilling to change it because it favours the North:

C - Public Revenue

"162. (1) The Federation shall maintain a special account to be called "the Federation Account" into which shall be paid all revenues collected by the Government of the Federation, except the proceeds from the personal income tax of the personnel of the armed forces of the Federation, the Nigeria Police Force, the Ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja.

(2) The President, upon the receipt of advice from the Revenue Mobilisation Allocation and Fiscal Commission, shall table before the National Assembly proposals for revenue allocation from the Federation Account, and in determining the formula, the National Assembly shall take into account, the allocation principles, especially those of population, equality of States, internal revenue generation, land mass, terrain as well as population density;"

The past leaders of Nigeria, including Mr Buhari, who were from the North and who divided Sokoto state, a single state prior to 1976, into four (4) states by 1991 and with 83 local governments from merely 20 local governments in 1976, are the looters of Yoruba's and Niger Delta's resources and they are the people who must be prosecuted.

Everyone seems to have forgotten that Buhari, who represented the Northern's interests was against Obasanjo's National ID Card scheme in 2003. The card could have curbed corruption and fake population census figures. Today, he is grandstanding about curbing corruption by arresting individuals, without addressing the fundamental causes of corruption. Anyone who believes corrupt Buhari will curb corruption must be crazy. Nigeria's problem isn't corruption. But the unitary system in a multi-ethnic society.

As horrible as Tinubu has become, he will protect and safeguard the interests and welfare of the Yoruba people as Yoruba Regional Premier than 100 Buharis.

God is not crazy. He couldn't have possibly allowed Babangida; Shonekan; Abacha; Abdulsalam; Obasanjo; Yar'Adua; and Jonathan, with none of them able to curb corruption, if indeed our problem is corruption. Nigeria is not just sustainable under a unitary system.

The most corrupt country on earth is the United States. The country still works because it has a sustainable political system. There is nothing like the feeding bottle monthly allocation we have in Nigeria in the United States. The Americans don't have a centralized Police System or Armed Forces. Each state in the United States is in charge of its police, armed forces and other functions.

The United Kingdom is more corrupt than Nigeria, yet the country works. It works because of its enduring political system. England, Scotland, Wales and Northern Ireland, together called themselves the United Kingdom, yet, they go by different football teams, different police systems, different education policies, different currency designs, different healthcare systems, even with different regimental armed forces.

The demographics of the US Population is often along racial grouping. That of the United Kingdom is based on ethnicity. But in Nigeria, the people are so fake they don't want to openly associate anything with their ethnicity. They named their administrative divisions ridiculous names including South-West, South-South, South-East, North-Central, North-East and North-West geopolitical zones. They are so scared of their own identities, including Yoruba, Ibo, Ijaw, Hausa/Fulani and Kanuri.

Ghana administrative divisions are given such names as Ashanti, Brong-Ahafo, Central, Eastern, Greater Accra, Northern, Upper East and Upper West regions. In South Africa, the administrative divisions are named after the ethnic groups within the country such as the Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Limpopo, Mpumalanga, North West and Northern Cape.

Nigeria's problem is not corruption. The current unitary system is the cause of our problem. Nigeria must be restructured along regional autonomy or be divided along its natural boundaries. Mr. Buhari must stop insulting our collective intelligence with his stale chrous of corruption, corruption and corruption.

From Grandson Soyemi

What is your charge like.?

JingoOAU:
To imagine Ambode could be this myopic by degrading Fashola in Public despite what fashola did to campaign for him...I think it's just a payback time for Tinubu...how can people of the same party doing this to themselves

So you will be happy for Ambo to shield all corrupt practise of the past Lagos State Govt? Sometimes I wonder if you people have conscience at all. In this era change and corruption fighting why can we support them to fight it across board.

omenka:
Utter rubbish.

Let me repeat:

This statement is nothing but complete bullucks.

Did Saraki write a date of Birth in a column meant for place of birth?? ____ Yes.

Is Saraki Blind or an literate not to know the difference between Place and date of birth?? ____ No.

Was Saraki drunk when filling the form?? ____ Unlikely.

Is Saraki a citizen of the UK?? ____ Yes.

Did Saraki lie in the form on the question of whether he holds citizenship of another country?? ____ Yes.



Whether the motive is genuine or not, Saraki committed a crime of perjury and must be held accountable, period. No amount of paid hacks or media aides spamming the web with inane epistles would change that.

In this PMB's inec form,

Is his surname Buhari Mohammdu.....No

Does he not have first name?...........No

Was PMB drunk when filling the form.....Probably not

Did PMB lie on the form? .....................Yes


Whether the motive is genuine or not, PMB committed a crime of perjury and must be held accountable, period. No amount of paid hacks or media aides spamming the web with inane epistles would change that.(your quote I just changed the name)

Is Nigeria herself not fake?

How come these products enter the country with all these custom 100% inspection? To jail the importer and leave the custom officer and his supervisor that inspected the cargo will not solve anything. By the time the law starts punishing everybody involved less of imported fake goods/drugs will be in our market. If a custom office know that he will spend the 20k, 50k or even 100k bribe he collects from the fake importer from prison he will think twice not to report him.

I hardly drink wine or any brandy in Nigeria except the once I came back with.

Which of the pedestrian bridge along Lekki-ajah express was constructed with 1billion plus?

Not upto 10 pages cos its not PDP state.

Truth dont attract readers in media industry--------Fact

This is absolute truth. Start recovering the looted funds already no need to send notice to all press house around the world. I will also not call what the president tend to do which hunt until he start prosecuting the corrupt politicians. When the list appears then I will make my judgement although my judgement matters not.

Yesterday afternoon naira gained against the pounds and the rate is still same as at now. why is $ going up again. It seems like Nigeria economics is beyond economists.

manny4life:


Doesn't make any sense, why should receipt from BDC's be actually intended for these reasons? Why can't money be wired electronically to it's destination? Transport how exactly?

How about people who have no access to travel out but have a legitimate reason for foreign exchange, then what? Example, I sent goods to Nigeria, the goods are sold and since I am not present physically, wouldn't it make sense for money to be wired back to me at official exchange rate. In this case, what happens? How do we circumvent the process? If I borrowed funds to transact the business, how do I mitigate a potential loss? Please leave the transfer agents, you know exactly how I mean. Besides, these WT agents don't wire from Nigeria, I could be wrong because I haven't tried it but I know Money Gram DOES NOT accept wires from Nigeria.

Money gram and W/union do now but it's very difficult.

In Nigeria things works in abnormal way. I don't know the reason why somebody must buy dollar b4 doing an international transfer when such person has naira equivalent in his or her account. It makes no sense.

otokx:
Truth be told this has no bearing on every day Nigerian who does not have a Nigerian passport, talk less of domiciliary account.

The bad thing also is that eventually a way will be found to circumvent the process.

It has on the impact on prices in the market. Remember the petrol you and I buy at the pump is imported and the business was transacted with dollar.

helpee:
@ barcanista, thanks for the analysis. kindly disregard those that have nothing to contribute except shouting wailing wailers. But i disagree with you. naira actually depreciated against the dollar because of excessive speculation. As you know, due to the ban on 41 products importers from accessing forex at the official rate, they had to source it from the parallel market. The excessive demand for forex by these importers from the black market at first created a scarcity that pushed the dollar up temporarily. speculators then cashed on that and started hoarding dollars thinking the dollar will keep rising against the naira especially since the new govt has no concrete plan in place. i was almost caught up too. i was advised to change most of my daily sales to dollars and then deposit in my DOM account in speculation of a further weakening of the naira. therefore, the banks were flooded by speculators with dollar deposits and many of them under the disguise of importation are laundering the money abroad via transfer. so, by refusing to accept the dollars, the CBN is playing a very smart move aagainst speculators. many people are therefore caught with dollars which they cant transfer or even deposit except to convert it to naira. therefore, the economy is flooded with dollars and demand is less than supply so the dollar must come down.
IS IT SUSTAINABLE/
Yes but we will temporarily suffer in sacrifice for a prosperous naira. importers will be temporarily caught unaware. the CBN will only create a bereaucratic bottleneck that will make it difficult for anybody except importers to access forex. BVN is one of the them. money launderers that used to access forex and transfer via DOM account will be cut off by the bottleneck. speculators will not find it attractive to hoard dollars because unless they ggenuinely need the dollars, they wont be able to get value for it since they cant spend it locally, cant transfer and cant even deposit. what do you need a useless dollar for?
it is not easy to open domicilliary account in neigbouring countries like you suggested unless you are a citizen or permanent/legal resident so few will be able to divert import activities to the neigbouring countries. therefore, even without increasing local production of imported stuffs, the naira will still stabilise against the dollar at a favourable position cos the most damage done to the naira usually comes from speculators. once we only access just the dollar we need for importation, school fees and other legal business abroad, we will stop speculating with the naira .
Even if things are temporarily expensive, we youths should take up the challenge and start producing. you can start with toothpick for example cos it is part of the products banned from accessing forex officially. the bottomline is that if it will be sustainable we must support the CBN in this quest. this is the first policy of this govt/CBN that i support.

Can you explain why the naira is gaining against the dollar and losing against other major currencies. Its only a major currency like euro, pound, Switzerland franc that can pull such cos they are sometimes used in across boarder transactions. This is only a cosmetic approach and it won't last long. Our economy is not determined by importers rather by crude which is mostly traded in dollar.

Mynd44:


Now you got that right that the main reason the Naira fell in November was because of oil prices but then you should also ask what they heck happened to our reserves when oil was selling for $100 and thereabout?

Now the Naira fell to 204 as at February from 154 in November which is basically almost 30%. Can we blame that totally on oil prices? No, it is bad fiscal planning.

We were exporting crude oil whose prices was dropping and importing refined petroleum products at subsidized rates when we could have had refineries and had no need to import fuel.

So an economy where the National budget is about $25-30 billion is importing fuel alone with almost $7 billion then subsidized it in which the major export was crashing which had its Central bank instead of marking policies to stem the crash was "defending" it with hundreds of million every month and you ask what was supposed to happen to the Naira?

I still wonder what the absence of a minister for finance would have done as this is a CBN affair

On Foreign Reserve(FR) i blame it on the federal and state govt. Although we don't know tells us the truth these days. The governors takes more of the blame as regards FR. They are always on the neck of the FG to share share share without thinking about the future. Nigeria needs restructuring to be honest. Running from pillar to post wun't help us.

Mynd44:

The thing is that they don't know why the Naira fell to 200 in one month while the government sat down unable to do anything....

Barcanista should go and put those reasons in the OP and he will have made sense and we know we are all looking for a solution.

The depreciation of the naira at the tail end of 2014 was due to the slump in oil price. If you had watched, the rubble(russia) and venezualan curruncy went downwards as well cos both countries like Nigeria depend on the oil as the mainstay of their economy. The rubble was the biggest earner during the Q1 of this year as soon as the oil price started going up due to some measures putin put in place. Now I dont expect naira to slump further than what it was before May cos oil price has gained.

Honestly if PMB had constituted his carbinet things wun't be this way. Now the price of oil is dropping again only God know our faith in months to come.

olapluto:
In 2015, you are still exchanging dollars by hand?.

Don't know wht you mean by this. Today I bought 1000euro from the post office here in UK, there are thousands of BDC's littered every corner of central London selling and buying diff. currencies.