₦airaland Forum

PDP AND IT'S AGENTS ARE DESPERATE AND ARE READY TO DO ANYTHING TO DISTORT THE FACTS AND DECEIVE THE PUBLIC!


Please be informed that Nigeria was generating well over  3000 megawatts of electricity before PDP captured power in1999.12years and  a whopping $16bn after,virtually nothing has been added.


The more reason why we should try something truly fresh:Ribadu/Adeola

No.

GEJ response to the issue of corruption was not satisfactory,the problem is beyond non-interference in the affairs of EFCC.


The president has a major role to play.The war against corruption can only be won by:

1.Leadership by Example:Asset declaration by president and his vice,ministers and other FG executives,prudent spending,financial accountability(including regular publishing of audited FG accounts)

2.Effective Reporting Line and appointment:EFCC boss should not be appointed by the president or else the president himself and his cronies would not be investigated.He should be appointed by the Judicial Commission and report to National Assembly, for example.

3.Elimination of Immunity Clause:The immunity clause is not suitable to african nations where corruption has been institutionalised.The argument of disruption in governance cannot be important as the calamity and consequence of this criminality  committed by the past and current Leaders.
A president should be able to champion the removal of the clause at the national assemly.

4.Special courts for speedy prosecution.A corruption case should not last more than 3 months.

etc,etc.

Last night, Fola Adeola won the ThisDay 2011 Awards, in the category of Change Makers in Social Entrepreneurship for his success story with founding Fate Foundation - Using Entrepreneurial skills to effectively manage and find solutions to victims of the several problems and ills in our society. http://www.thisdaylive.com/socialchangemakers




LET US FACE ISSUES:WHAT ARE THE PEDIGREE OF BB APART FROM INTEGRITYIN RIBADU/ADEOLA,WE HAVE INTEGRITY,RADICALISM,ACHIEVEMENT,ECONOMIC COMPETENCE AND GENERATIONAL CHANGE!!!!!

Stemming Corruption
by Nuhu Ribadu on Saturday, March 26, 2011 at 3:29am
by Nuhu Ribadu

Introduction
After one civil war, seven military regimes, and three botched attempts at building real democracy, the one connecting factor in the failure of all attempts at making Nigeria a global contender is corruption.

The history of countries like Nigeria, Congo, and Kenya, where corruption has been institutionalized, offer an adequate illustration of the wrong road to development. In comparative terms, the provision of infrastructural facilities by countries which were on equal threshold of development with Nigeria in the early 60’s such as South Korea, Malaysia, Indonesia, Brazil and Singapore, are no more a challenge now because these countries have attended a higher level of development, leaving Nigeria far behind.
The grievous harm that corruption has done to Nigeria, and Africa, over the years cannot be overemphasized. Nigeria, and indeed Africa as a whole, needs to refocus and give issues of corruption the attention they rightly deserve. The challenge before us, to my mind, is to set our sights on making corruption, rather than poverty or any other socio-economic malaise, history. For, as soon as we do so, everything else, like a worrisome jigsaw puzzle, will fall in place. Making corruption history is the surest way of making all the problems of Africa history. Making corruption history is the surest way of making all the problems of Africa history.
The whole purpose of political action is to ensure effective governance. The people of Nigeria, South Africa, Rwanda, Kenya, or any other nation state, are not seeking the attention and concern of their government because of any abstract ideal. They seek things that will better their lives, and bring shelter, food, good health, education and security of lives and property to them and the families. That is the basis of governance, to make politics meaningful.

I hold the strong view that Africa’s democracy and development face severe danger today more on account of an alarming prevalence of grand corruption; and that this practiced abuse of public power and resources for private gain is the major factor that is strangling the life process of our polity and alienating our civic sector, while also draining active cells from the economic life of our region. To this extent therefore, corruption, as far as I am concerned, is the most destructive force ranged against society and the state in Africa and if we will make any significant breakthrough, we must first wage a disruptive and devastating war against corruption.

Corruption as a global phenomenon
I do not share the notion that corruption is a native of Nigeria, Africa, or indeed of any region of the world. This is not the case. Corruption is certainly a global phenomenon and anyone who has keenly followed contemporary world events could not have missed the dizzying reports of the Enron, Arthur Anderson, Citibank, and WorldCom scandals in the United States, the Parmalatt scandal in Italy, or even the central role of corruption and cronyism to the Asian financial crisis of the late nineties. Numerous other examples of large-scale malfeasance around the world show beyond doubt that corruption is not a native of one nation or region.
If corruption therefore stands as the single most damaging force against economic growth, social stability and democracy; if corruption is the very reason why, after about half a century of independence, we still cannot proudly hold our own among nations that have built an enriching community life for their citizens, then there is a problem on why Africa has been so complacent in our quest for solutions.

Why are national and community sense of outrage and revulsion so disproportionately lame in response to this ravaging cancer such that Africans would rather engage in ethno-national and religious carnages yet content themselves to whimpers, or at best cynical commentaries, against the dizzying reality of corruption? There is now, after all, a demonstrable correlation between the realities of corruption as the abusive of public power and the monumental failure in governance in Africa.

My answer to this apparently innocent question that underscores the reason why we continue to be in the woods, forgive my brusqueness, is partly because our civic institutions have abdicated their community responsibilities. They have either abstractly defined their mandate out of any relevance or they have completely missed the point; or perhaps, out of a poverty of vision, failed to see how their mandate can become a mechanism of social, spiritual and indeed community transformation.

When we speak of political transformation in the sense of accountability and transparency, we are after all talking of major shifts, of qualitative leaps, and of a paradigm scaling of reality and of methods in the delivery of the substance of governance through participation and inclusiveness.

Thus when people genuinely become indignant at failed infrastructures, failed services, failed officials, we must pungently ask the million naira question: Where are our elites? Where are our watchdog institutions? Where are the whistleblowers? Where are the civic groups? Where are those who ought to be untiringly protesting and struggling towards recovering a little more foothold of the moral waters-edge in the vast fungi of corruption that is consuming Africa?

If we pose the question well, I suspect that we would come to an embarrassing conclusion on how we all have abysmally failed in the discharge of our moral, social and political responsibilities. Another important fact of the matter, which has made matters worse for us, is that a large part of the new African elite classes, who are the traditional engines of social leadership, are failing to make sense of the connections between political promises and policy delivery.

Why is this case? Partly because these elites seek refuge in other diversionary engagements, like in the faith communities, which have not offered a needful jolt but have rather provided chloroform against those damning, and hard questions that give spiritual neural connectors their truly tangible meaning. There is, after all, nothing like the failure of a system that is not the failure of its component structures, and my proposition is that the failure of the African project at this point is a direct result of the failure of its institutions and the moral center of which is the civic community.

The role of civil society
Our civic communities must ask one cogent question: how can we make an impact by doing things differently? How can we make a difference by putting a stop to the pervasive culture of corruption so prevalent and destructive to our various national institutions? To be sure, posing this question earnestly will result in, I expect, a methodological review that in turn prompts new strategies of appreciating and resolving many of our regional social contradictions.

Above all too, the resolution will force us to review fundamental lapses in our organization of the civic space that is so decisive and critical for Africa’s challenge in evolving an accountable culture of governance. Let us all be honest, the contemporary history of the African civic culture has been characterized by two major lapses: lack of transparency; and failure of internal democracy

The major challenge of our time now is the cancer of corruption. This is the scourge of our time and of our region where the failure of governance triggered by corruption, has enacted some of the worst pogroms and fratricidal carnages of the late 20th Century.

We all remember the story of Zaire, that enormously rich country whose wealth and resources were shredded to ground zero by one of the worst and most shameless thieving leaders of this continent, Mobutu Sese Seko. At the end of the day what happened to the country? The state failed as an instrument of authority and organisation, paving the path for a horrendous bloodbath.

Today, Zaire is no more; its treasury is dry. Mobutu is probably resting in peace – depending on your think about the hereafter; but millions of his poor compatriots have been killed and murdered in a senseless war that was crafted in ethno-national colors rather than a simple case of failure of governance triggered by corruption.

The examples are countless: Liberia, Sierra Leone, Kenya, Sudan. These are relics of failure of governance, countries that have now become poster boards of the effect of elite greed and corruption that have resulted in the mass misery of their people. Nigeria has not gotten there yet; but chances are that we will if we do not confront corruption, the single most important of issue of our time.

Fighting corruption in Nigeria
In this regard, we most strip bare the false notion that nothing positive has happened in Nigeria in the quest to deal with corruption. Those who had no appreciation of just how bad things were can wallow in lurid illusion. To be sure, some baby steps have been taken regarding charting a new path for Nigeria’s greatness. A lot of that actually happened between 2003 and 2008, and the Economic and Financial Crimes Commission (EFCC) was part of that active value restructuring process. But we are not out of the woods yet.

The effort we made at the Commission was a marriage of two currents: pressure from outside and the force from within. The international community deployed the instruments of the Financial Action Task Force (FATF) to trigger necessary reforms which provided us the platform to build a strong local program of cleaning up our financial institutions, and prosecuting the bad guys in the industry.

Between 2003 when the EFCC was established and 2008 when our effort was prematurely aborted, we aggressively challenged the national image profile by taking on the powerful advance fee fraud (419) king-pins and hauling their one-time untouchable captains into jail.

After our encounter with the leadership of the 419 trade, we moved our searchlight into the banking halls and cracked down with massive and overwhelming force on the bank barons who were perpetrating the most heinous financial fraud. That battle of wills ultimately helped the consolidation process in the financial sector that is now restoring confidence into our financial and banking system. When we started the campaign we had to endure blackmail, lies and insults.

After that, we lobbed the ball into the basket of the political elite. Expectedly, these over-pampered and soiled elite cried “selective justice”, and “Gestapo tactics”. They pushed forward all sorts of diversionary propaganda. Unable to deal with the message, the Nigerian political elite reverted to that discredited tactics of hacking down the messenger.

For one, their claims were tenuous, and merely hysterical. For instance, those who advanced the argument of selective justice did not help their audience understand how selective justice amounted to an act of injustice. As one famous national commentator put it, “you have 10 robbers in a den and you arrest 4, but they fire back at you with the defence that there are other robbers in the field. Why not catch all before you pronounce us as robbers”! Such was the puerile nature of their arguments and those of their hired and professional propagandists.

Corruption fights back
The privileges that come with the ongoing elite raid on our patrimony and the material and cultural resources at the disposal of these abusive elite are so enormous that a counter offensive from the political class against the EFCC’s attempt to confront the corrupt stratum of that class was inevitable. So it was that after almost half a decade of our attempt to deal with corruption frontally, we were overwhelmed by an elite conspiracy that succeeded in turning back the hand of the clock.

I would like to pay homage to the extraordinary will and belief of young Nigerians who saw corruption as the barrier to the progress of our country and wanted to contribute their own quota. Unfortunately, many of the active operatives who led the brave investigations and prosecutions have been hounded out of the EFCC. They should be consoled, however, by the fact that things changed, at least for a while.

Regrettably, many of the cases in court have slowed down; and the most ironic of all is that many of the actors we were prosecuting, including a governor who personally offered me $15 million bribe, are today the kingmakers and until recently were seen parading presidential corridors in Abuja as advisers.

I was, of course, thrown out of the agency and not too long was made the subject of the most bizarre rumor industry of alleged impropriety that was never proven because nothing ever happened. Suddenly, I became a target of assassination plot. I say this only to illustrate the challenge in fighting corruption. When you fight corruption, corruption fights back.

Conclusion
Therefore, in a globalized world, the fight against corruption must assume a trans-border dimension. Our own modest success at the EFCC was supported by efforts of institutions of the United Nations, regional bodies and many bilateral bodies like the US Secret Service, the FBI, the US Postal Service, and the Department of Justice. In a global economy that has assumed oneness, stemming corruption must be a collective effort as the actions and inaction of one affects the other and a hiccup here can trigger severe consequences affecting all.

We better be sure we do not let societies with weak institutional safeguards like Nigeria be the point of rupture for us all. One lesson of the current global financial crisis is that only effective regulatory institutions can solve the problem we have; and in that respect it makes good sense not to allow errant members of the international community to sink the boat.

To be sure, societies with poor records on account of corruption are the potential mines lined up to sink the boat. There is need to emphasize this point a little more. In the particular case of Nigeria, with its potentially explosive population challenges, any explosion or even implosion on account of poor state management could have dire regional consequences.

We are of course talking of a Nigeria which was once the epicenter of the worst excesses of money laundering, drug trafficking, and advance fee fraud. It took an incredible effort to restore a modicum of sanity between 2003 and 2008. Sadly, today, evidence suggests a return to the pre 2003 era.

The history of failed states tell us clearly that at the heart of their tragedy is the assumptions neighbors and friends make that it might not get worse, that it won’t get that bad. Sadly, it gets worse because it is a misplaced optimism. The world must not allow Nigeria to unravel; and part of the lessons of Somalia which is today the poster boy of the world’s outlaw states is that it can happen anywhere.

*This piece is a chapter contribution to the book, Nigeria: Half a Century of Progress and Challenges http://www.halfacentury.com/

http://www.halfacentury.com

Most Nigerians are tired of recycling leaders for the same position.


Ribadu/Adeola nearest(compared to others) represent that change we so much desire!


Buhari should be contended with being an elder statesman which he truly is. After-all he would forever be a member of the National Executive Council,from where I had expected him to have made his impact felt.


The manifesto of ACN on power ,(a major challenge of Nigeria)is far far more feasible and superior to that of CPC.(if any)

Please include a poll for us to vote.

Fellow Nigerians,

Please enough of emotional statements.Let us adopt intellectual reasoning.

How can you visit the homeland of a former head of state without paying courtesy call for whatever reason??Even if IBB had been convicted of criminality.HABAA,please do not allow sentiments to over ride our sense of reasoning.

They did not go there to beg for endorsement for GOD sake.IBB made voluntary statements out of appreciation for the visit.

THIS HAS NOTHING TO DO WITH RIBADU'S CREDIBILITY,PLEASSSSSSSSSSSSSSSSE!!!!

food for taught:If IBB becomes a born again today,would the church not accept him and collect tite ??

Please let us be objective with our comments and not dogmatic.


I support Ribadu/Adeola Ticket because (compared to others) they both nearest represent the ticket of my dream,progressives,radical and youthfulness.Also compared to others,they are jointly poised to tackle Nigeria's main challenges:Corruption(Ribadu) and Economic kwashiokor(Fola Adeola,a very successful economist and banker,brought GTbank to where it is today).


HOWEVER,I WOULD BE VERY DISAPPOINTED IF THEY DO NOT ATTEND THE DEBATE.IT IS NOT ABOUT GEJ,BUT ISSUES AND WHY WE NEED A CHANGE!!!

DO YOU BOYCOTT AN EXAM BECAUSE SOME PEOPLE HAVE SEEN THE EXPO OR YOU GO WRITE THE EXAM AND EARN YOUR OWN SUCCESS

Any boycott would imply gross irresponsibility to the electorate!!!!!!!

For God sake RIBADU WAS DAMN RIGHT!

He is very intelligent and brainy.If you say Nigerians are corrupt then all of us are corrupt.He did not say that those he investigated are not corrupt.Those that are not intelligent enough to understand simple statements are the ones that are brainless

Fellow Nigerians,

Former head of state and CPC candidate Gen. Muhammadu Buhari declared that he would probe the PDP-led government over their mismanagement of funds that had been invested in the power sector, lamenting that it was regrettable that after, several billions have been pumped into the power sector, the nation had nothing to show for it. He said: ‘’What happened to all the resources put into power between 1999 and now? Well, we have to find out what happened to the resources. The statement I am making, to my understanding, is very clear. We know where we were in 1999 when the PDP came, we will find out how much they have spent till date and how much power we have now.’ [b]We know we had about 4,000kw in 1999; as at today we do not have more than that still, and we have spent between 15 and 16 billion dollars, not naira, on the power project.”[/b]


[b]PLEASE LET US FLUSH OUT THE EVIL PDP [/b]TIME FOR CHANGE IS NOW !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Now let us look at issues:

The major problems facing Nigeria are corruption ,power and economic Kwashiorkor in the mist of plenty.

Sentiments apart,who amongst the debaters impressed you in all these areas?

BABASOTY I pity  people like you,dogmatic supporters of GEJ.

Fellow Nigerians,

Please shine your eyes oooo,enough of deceitfull promises.
Goodluck promised to give us regular power supply by 2015 and also to leave afterwards.

The issues:
Goodluck(OBJ's puppet) recently said that Nigerians needs N15trillion naira to generate 40,000megawatts.This should guarantee such regular supply.

The 2011 budget for power is less than 100billion and let us accept that we are presently at 4,000megawatts(highly contestable)
I think I do not need to go further for you to conclude that based on the facts on ground,we need more than luck to get to the promiseland!

We need a more trustworthy leader!Nigeria needs Good Governance not mere [b]Goodluck![/b]We cannot continue to gamble for luck after 50years of independence!

This debate was about our future as a people,our economy,power,survival,corruption,etc,etc,


DEFINITELY NOT ABOUT ELOQUENCE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

QUESTION: . ,
Issue of Doctor's strike in lagos. Is it an issue of health for Nigerians , or an anomaly that ACN has a better plan for the Federation?

Ribadu (ANSWER)
It is an indication of democracy working, lagos state is a bad example for you to use cos it is the best performing state in the federation today.
I just visited a patient in a hospital in Ikeja and what I found there was amazing, incredible, i thought I was not in Nigeria.
Modern equipment that I saw there, the quality of the infrastructure was world class, and I congratulated fashola when I saw him.
Issue of Industrial action is something you cannot avoid when you are in government. the ability to address it and come out with a solution
is what matters, i believe they are going to solve their own problems,
APPLAUSE
the issue of health which I believe Health is wealth. ACN will be the best team you can get. We will rehabilitate the whole health care sector.
We are going to setup 6 specialize hospital across the country. Reason: Any little thing that has to do with kidney, heart, cancer you have to go outside the country.
Across the 6 geo political zonewe will create special hospitals.

HOW WILL YOU TACKLE CORRUPTION WITHOUT CREATING SOCIAL UNREST IN THE COUNTRY
BUHARI - (ANSWER)
The bottom line of Nigerian politics is indiscipline and corruption, and from the constitution itself and down to all the financial
regulations. All the rules and regulations are there, it is a matter of implementation. I think the problem is that anybody will
take Nigerians for granted at their own risk.
You can't be head of a department, a chief executive and steal public funds and think you can control those below you.
Nigerians will not agree,
APPLAUSE
I promise to be accountable to Nigerians and I will make sure all all those people you voted from councillor to
the office of the president will be accountable.
And the public treasury is a trust and nobody can tamper with it and get away with it.
APPLAUSE, APPLAUSE, APPLAUSE

RIBADU - (ANSWER)
I will take it from what my respected general has just said. Sir, Nigerians are not corrupt. Nigerians are not
indisciplined. that is where we make the mistake. The system and the protocols make Nigerians corrupt.
(shouts from guest - No, No, No, No, No)

Moderator: Excuse me, please can we please respect the people in the podium,
We are here to have a conversation, hopefully we will enlighten ourselves.
I must insist on a little silence or I will give him more time

SILENCE

RIBADU (Cont)
The same Nigerians we had in the 50s, 60s are the same Nigerians we have today. Nothing has changed
we do not have any other set of people. We are the Nigerians and we are fundamentally good people.
There is nothing wrong with us. Somewhere along the line we got it wrong as a result
of poor, incompetent mismanagement of those people in charge of our affair.
APPLAUSE, APPLAUSE, APPLAUSE
They are the ones who caused this problem.
If we continue to believe that, our people are indisciplined, our people are corrupt,
It is like saying when you have a shoe that is biting your leg, you must take the foot off.
(MODERATOR: I am afraid you have to stop, )
RIBADU continues,
(MODERATOR: Please Ribadu, you have to stop, you will get a chance in your closing statement.
RIBADU STOPS.

BUHARI'S CLOSING STATEMENT
Fellow Nigerians, you need a leadership that you can trust, that will lead this country for the next 4 years.
We know the situation we are in now, you know the situation we are headin to if we follow the advise
President Obama said when he visited Ghana. He said that developing countries need strong institutions
rather than strong personalities.
In Nigeria we need both, we need strong people to resuscitate the institutions and make them strong
APPLAUSE, APPLAUSE, APPLAUSE
Thank you very much,
(MODERATOR: General Buhari you have got a min left do you want to use it.
BUHARI(contd)
What I am saying is that this multi party democracy has given Nigerians the power to choose their
leadership and change them at will. So it is up to them to have the courage to choose people
and ensure that their votes count.
When we say people should go and register, which we hope they have, they should go and vote.
And make sure that their votes count. Then they give the opportunity for whatever leadership
they have chosen to perform or not to perform,


ISSUES PLEASSSSSSSSSSSSSSSSSSSSSSSSSSSS!

QUESTION: . ,
Issue of Doctor's strike in lagos. Is it an issue of health for Nigerians ,  or an anomaly that ACN has a better plan for the Federation?
Rubari (ANSWER)
It is an indication of democracy working, lagos state is a bad example for you to use cos it is the best performing state in the federation today.
I just visited a patient in a hospital in Ikeja and what I found there was amazing, incredible, i thought I was not in Nigeria.
Modern equipment that I saw there, the quality of the infrastructure was world class, and I congratulated fashola when I saw him.
Issue of Industrial action is something you cannot avoid when you are in government. the ability to address it and come out with a solution
is what matters, i believe they are going to solve their own problems,
APPLAUSE
the issue of health which I believe Health is wealth. ACN will be the best team you can get. We will rehabilitate the whole health care sector.
We are going to setup  6 specialize hospital across the country. Reason: Any little thing that has to do with kidney, heart, cancer you have to go outside the country.
Across the 6 geo political zonewe will create special hospitals.

HOW WILL YOU TACKLE CORRUPTION WITHOUT CREATING SOCIAL UNREST IN THE COUNTRY
BUHARI - (ANSWER)
The bottom line of Nigerian politics is indiscipline and corruption, and from the constitution itself and down to all the financial
regulations. All the rules and regulations are there, it is a matter of implementation. I think the problem is that anybody will
take Nigerians for granted at their own risk.
You can't be head of a department, a chief executive and steal public funds and think you can control those below you.
Nigerians will not agree,
APPLAUSE
I promise to be accountable to Nigerians and I will make sure all all those people you voted from councillor to
the office of the president will be accountable.
And the public treasury is a trust and nobody can tamper with it and get away with it.
APPLAUSE, APPLAUSE, APPLAUSE

RIBADU - (ANSWER)
I will take it from what my respected general has just said. Sir, Nigerians are not corrupt. Nigerians are not
indisciplined. that is where we make the mistake. The system and the protocols make Nigerians corrupt.
(shouts from guest - No, No, No, No, No)

Moderator: Excuse me, please can we please respect the people in the podium,
We are here to have a conversation, hopefully we will enlighten ourselves.
I must insist on a little silence or I will give him more time

SILENCE

RIBADU (Cont)
The same Nigerians we had in the 50s, 60s are the same Nigerians we have today. Nothing has changed
we do not have any other set of people. We are the Nigerians and we are fundamentally good people.
There is nothing wrong with us. Somewhere along the line we got it wrong as a result
of poor, incompetent mismanagement of those people in charge of our affair.
APPLAUSE, APPLAUSE, APPLAUSE
They are the ones who caused this problem.
If we continue to believe that, our people are indisciplined, our people are corrupt,
It is like saying when you have a shoe that is biting your leg, you must take the foot off.
(MODERATOR: I am afraid you have to stop, )
RIBADU continues,
(MODERATOR: Please Ribadu, you have to stop, you will get a chance in your closing statement.
RIBADU STOPS.

BUHARI'S CLOSING STATEMENT
Fellow Nigerians, you need a leadership that you can trust, that will lead this country for the next 4 years.
We know the situation we are in now, you know the situation we are headin to if we follow the advise
President Obama said when he visited Ghana. He said that developing countries need strong institutions
rather than strong personalities.
In Nigeria we need both, we need strong people to resuscitate the institutions and make them strong
APPLAUSE, APPLAUSE, APPLAUSE
Thank you very much,
(MODERATOR: General  Buhari you have got a min left do you want to use it.
BUHARI(contd)
What I am saying is that this multi party democracy has given Nigerians the power to choose their
leadership and change them at will. So it is up to them to have the courage to choose people
and ensure that their votes count.
When we say people should go and register, which we hope they have, they should go and vote.
And make sure that their votes count. Then they give the opportunity for whatever leadership
they have chosen to perform or not to perform,



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This guy is a slowpoke, you're picture perfect of  everything that is wrong with Nigeria. Just because GM, oil companies around the world laid off employees, it is okay for Nigeria bankers to lose their jobs?? As much as i support Sanusi, you are wrong in your views. Do you know that all those GM workers you mentioned still get unemployment checks and benefits years after they lose their jobs? A friend lost his job in April 2008 but was getting unemployment check till August 2009. He was paying bills as usual until he found another job in september 2009. How many Nigerian bank workers has this privilege??


Thank u Sweet T,u are so sweet.Nigerians love to make very illogical comparisons.

The fact is that Nigeria does not have the type of social security benefits like most of the countries being refered to.Therefore this type of sunami sackings would only add to the social problems of the country.

nigeria owes mozambique

This is another very shallow reasoning indeed!Anyway I still believe NAIRALANDERS are more of intellectuals.

Why did Mosambique not allow Tunisia to beat them at home and perhaps with Kenya beating Nigeria,then Kenya could have qualified for the ANC! The qualifiers were a round robin schedule where the final matches are as crucial as the first.

Now facing the real issue,I still believe in the'' oldies" in this group to qualify for the next round:Nigeria and Egypt.

And still on Amodu's issue:Could a foreign coah have done better than shuaibu,when every country wants to go to world cup and thus must put up their best against countries like Nigeria.

Nigeria and CIV remains the only countries that did not loose any match throughout the qualifiers.Shuaibu won 9 matches and drew three!Waoo,I appreciate u Shuaibu,thank u and well done!

Bring a french coach so that we could have qualifed with the hand of God or is it that of Satan?

The likes of Waleski are still living in the past,stilll flaunting names instead of looking at the character of a team.For God's sake no more minors in football.That mosambique team can beat any team at home!

The so called super powers also struggled to qualify with teams in the likes of mosambique!

Those ingrates calling for the sack of Shuibu should please face the facts.

Shuaib did not loose any qualifier match .His mandate included qualifying the nation to world and Nations cup.This fete he has achieved,so on what basis should he be sacked.Because we drew with Tunisia at home or with Mosambique on their own soil?Now tunisia lost to mosambique,so which team coach is better.A local coach that drew with mosambique or the foreign coach that lost.In football it is not over untill it is over,even up to the last second.

The greatest teams in the world did not win all their matches,despite being in "easy'' groups.They had ridiculus draws with "lesser" teams even at home and with their so called world class coaches.
We should also note that no foreign coach has ever won a world title for Africa,or atleast, world cup titles had been worn largely by local coaches.

Let us give shuiabu the support ,all he needs are refresher courses to improve on his technicallities.Enough of all these collonial campaigns for Foreign Technical Adviser.

Nigerians in other fields of endeavour are excelling every where all over the world.We can do it also in sports,it's high time we started believing in our capabilities and endowment.

SA 2010,LET'S GO THERE!!!

Those ingrates calling for the sack of Shuibu should please face the facts.

Shuaib has not lost any match since he took over.His mandate included qualifying the nation to world and Nations cup.This fete he has achieved,so on what basis should he be sacked.Because we drew with Tunisia at home or with Mosambique on their own soil?Now tunisia lost to mosambique,so which team coach is better.A local coach that drew with mosambique or the foreign coach that lost.In football it is not over untill it is over,even up to the last The second.

The greatest teams in the world did not win all their matches,despite being in "easy'' groups.They had ridiculus draws with "lesser" teams even at home and with their so called world class coaches.

We should also note that no foreingn coach has ever won a world title for Africa,or atleast,  world cup titles had been worn largely by local coaches.

Let us give shuiabu the support ,all he needs are refresher courses to improve on his technicallities.Enough of all these collonial campaigns for Foreign Technical Adviser.

Nigerians in other fields of endeavour are excelling every where all over the world.We can do it also in sports,it's high time we started believing in our capabilities and endowment.

SA 2010,LET'S GO THERE!

It is very sad that it is only in this part of the world that people are always very eager to rejoice at the misfortune of others.Let the people advertising for GTB continue,but they should remember that what goes round comes round and that Oceanic bank has employed thousands of Nigerians with families,who could be plunged into everlastuing sorrow with the comments some of us are making.

However let us address the issues:

CBN's action is quite commendable,but there are laws governing the land.According to BOFIA,the management of a bank that is subjected to a special examination must be allowed to defend themselves before taken any further action.This was not done and one of the consequences was counter debt claims by the debtors.

I aslo find it difficult to believe that it is only 5 banks in Nigeria that have ernomous toxic assets,considering the global melt down!Those that escaped were just smart,that's all.


Let us protect our institutions please!

I am amused by the logic of some of our arguments.

So we believe that it is only 5 banks in Nigeria that have toxic assets that have eroded shareholder's funds.Why are we deceiving ourselves?I still maintain that those that escaped were pretty smart.There are ways you could window dress  your loan portfolio and camouflag them from non-performing to performing.

I still do not understand why someone would one to move his deposit to a "safe" bank.CBN has assured us that all banks are save.With the rescue of the five banks they are even at a stronger position than the so called safe banks whose toxic assets have not been taken care of!

The devil you know is better than the saint u do not know.The banks now have full FG/CBN support,therefore no cause for alarm.I still have some millions in one of the banks and I have been transacting my normal business without any hitch.

In fact I feel more comfortable now since i know the bank I am dealing with.I have a feeling that banks that escaped were just very smart!