₦airaland Forum

ifeelgood:
If Shekau joins PDP today he will be giving a ministerial appointment.

truthnaija:
what happened today was that when the speaker and other APC lawmaker where not around because it was not a plenary or sitting day. they PDP Law makers Knowing this came in with police support moved into the chamber elected a member amongst them to act as speaker to do what they wanted to do .knowing full well that what they did was wrong. this also mean the speaker can decide to do his own stunt.mind you if he decides to impeached the gov a precedence is already being created, we should learn to to act according or within the law.why have the law in the first place.

when send a list to any house of assembly due processes are always followed. e.g submission of list,credentials and then public hearing /confirmation.
but why asking for this guys to omit this just to pls some one, they are paid to do their work. so we want them to stop that and receive free money .the assembly records are there all previous govt nominees followed these process

MissMeiya:
Very good question. Arabic numerals on currency are a blatant and insidious attempt to Islamicize the country. Roman numerals only!

#sarcasm.


Disclaimer: Una better look up the word sarcasm before you quote me with nonsense. I'm familiar with Nairaland by now.

Dexterax:
It's the PrOpHeT's responsibility to tell the Ogbeni to conduct the necessary due diligence.

I don't like the phrase, due diligence.

Dexterax:
I mean I did that with Continental Reinsurance Plc. And I actually typed that I had just bought it and I intended to dump it. Next you know, one Ogbeni likes my comment and probably buys the damn stock!

Of course Dexter dumps the monkey once it hit his profit target.

Dexterax:
Yes oh...especially when the directors of the company are also playing JIJO with you.

4dchairman:
OANDO PLC HAS A BUY RECOMMENDATION FROM MERISTEM." Monday, 17 November 2014 www.meristemng.com . OANDO PLC l OANDO's Q2:2014 turnover declined 30.60% on the back of low sales in the fuel marketing segment of business. Owing to expansion of activities in the upstream operation albeit at the expense of fuel marketing we expect full year turnover decline to moderate to 6.00%. ● Cost of sales inched up slightly by 1.89% to peg cost to sales ratio at 51.24% (down from 51.46% in 2013:Q3). ● Cost-to-sales moderated in Q1 2014 to 83.04% and declined further by Q2 to 74.04% we expect this ratio to be sustained by 2014FY given the higherc margin upstream operation. ● After Tax earnings worth NGN29.83bn was declared to sustain a double digit expansion (PBT up by 10.52% and PAT by 11.29%) despite weak top-line growth ● Increase in finance cost of 75.43% in Q1 2014 and 266% during Q2 originated from servicing of loans secured to finance recent upstream investment, we do not anticipate a change in this development by 2014. "Buy recommendation with a target price of N28. 82

myjoy08:
Sir, you mean a company making profit after tax from N1,201,528,000 to N21,965,569,000 is not a fantastic result in your own view Don't worry the bull run you are expecting (on Oando) might caught u unaware!

aljharem:
[size=18pt]Heavy corruption in Ekiti Dtate under APC[/size]


The group said the[b] frauds were perpetrated through N2.6 billion construction of new civic centre, N383.9m earthwork for new governor’s office, diversion of State Universal Basic Education Board (SUBEB) and Local Councils funds through contracts worth N4.2bn, inflation of road contracts worth over N10bn and diversion of N1.2bn FADAMA fund.
The petition read in part; “Contract for the construction of a New Civic Centre was awarded to TIANJIN-YUYANG Construction Eng. Limited on August 30, 2012 at the cost of N2, 573,584,395.75, while Consultancy on the construction was awarded to CASA Nig Ltd on June 11, 2012 at the cost of N137, 611,325.07.[/b]

20140929_170623-1

“Curiously, as at the end of 2012, a sum of N643,396,098.94 (representing 25% of total contract sum) had been paid to TIANJIN-YUYANG Construction Eng. Limited while the consultant, CASA Nig. Ltd was paid N89,801,901.06 (representing 80% of total contract sum).

“In 2013, a sum of N350, 116,245.17 was paid to TIANJIN-YUYANG Construction Eng. Limited, making a total sum of N993, 512,344.11 (representing 45% of total contract sum).
“While the Project contractor was paid 25% of the contract sum in 2012, why was the consultant paid 80% of the contract sum? Information available to us indicates that the Consultant was hurriedly paid 80% of the contract sum so as to enable some officials of the government get N50m of the contract sum. “Also, payment to the contractor was changed to N350, 116,245.17 in the 2014 Capital Projects Report, as against the sum of N643, 396,098.94 presented in the 2013 Capital Projects Report.


20141007_145845

“Contract for the construction of earthwork for the N ew Governor’s Office was awarded to PONTI-ITALWARE Nig Ltd on March 3, 2012 at the sum of N383, 900,911.06, with a sum of N115, 170,273.32 paid to the contractor. The New Governor’s Office was proposed to be constructed
from the N25bn Bond obtained by the State Government, with N3, 474,700.000.00 earmarked for the project. “However, with N115, 170,273.32 paid to PONTI-ITALWARE Nig Ltd form earthwork, as at today, the site has been abandoned, with no significant work done.

20141007_145915

“By our own assessment, what was spent on the site cannot be more than N5m. “Also, in the 2014 Capital Projects Report, the N115, 170,273.32 paid for the earthwork was deleted, raising poser as to why the payment was missing from the 2014 updated account.


“In 2012, contracts worth N4, 246,094,751.14 were awarded through the Bureau of Special Projects (under the Governor’s office), headed by Mr. Kelekun. The contracts were for renovation of schools, supply of school furniture and construction of classrooms. Funds for these projects were taken from SUBEB and Local Governments accounts.

“Of these contracts, N3, 672,078,820.14 were for renovation of schools alone. Atlantic Offshore & Properties got N1, 152,562,555.14, Strabic Nig. Ltd got N1, 107,744.408.21, Bam Darley Nig. Ltd. got N924, 977,310.95 while Fatub Nig. Ltd got N486, 794,545.84.

“Immediately the renovation contracts were awarded, Atlantic Offshore & Properties was paid N750 million (70% of contract sum), Strabic Nig. Ltd was paid N600 million (65% of contract sum), Bam Darley Nig. Ltd was paid N600 million (70% of contract sum) while Fatub Nig.
Engineering Ltd was paid N150 million (60% of contract sum). “A total of N2.1bn was paid from SUBEB and LG accounts to these contractors even before the commencement of work, and over 40% of the payment was diverted into private pockets.

20141007_145944

“In the 2014 Capital Projects Report, payments to the contractors were presented as;
a: Atlantic Offshore & Properties – N1, 022,130,415.64
b: Strabic Nig. Ltd – N957, 237,829.62
c: Bam Darley Nig. Ltd – N742, 730,990.25
d: Fatub Engineering Nig. Ltd – N431, 327,270.41

“As at the time N1, 022,130,415.64 was paid to Atlantic Offshore & Properties, only 60% work had been done, meaning that Atlantic Offshore & Properties was only entitled to N691, 537,551. Bam Darley
Nig. Ltd that was paid N742, 730,990.25 had done 60% work too and ought to have been paid N554, 986,386.57.
“Contracts for REHABILITATION of Roads were awarded at highly inflated cost, with some of the roads costing as high N50 million per kilometre when the immediate past government awarded CONSTRUCTION of roads at less than N45m per kilometre. The REHABILITATION only involved cutting of failed portion, filling with laterite and stone base and asphalt overlay. No subsoil drainages, new pipe culverts and box culverts were constructed.

“For instance, 10.7km Ado-Afao was awarded at N538, 638,704.26, 17km Ilawe-Igbara Odo-Ibuji road, which was awarded at a little above N200m by the immediate past government was re-awarded to at N894,698,043.75, 11.5km Ado-Ilawe road was awarded at N482,849,098.20, 3.6km
Ijigbo-Baptist College (Ilawe road) was awarded at N788,038,599.60 while Fajuyi-University Teaching Hospital Road that is less than3km was awarded at N447,544,063.50

“Rehabilitation of 13km Old Garrage-Ado-Ikere road was awarded to Plycon Nig Ltd at N2, 369,833,077.15.

“Construction of 0.8km Old Garrage-Ojumose (Ado-Ekiti) road was awarded to Heartland Nig. Ltd at N866, 872,873.13.

“U[b]sing the State Public Works Corporation (PWC), rehabilitation 5km township roads were embarked upon in each of the 16 LGs. Contracts for the rehabilitation of these roads were awarded without any input from the respective LGs while fund for the project was deducted from the
local councils allocation. “For instance, rehabilitation of 5km roads in Moba LG was awarded for N368, 950,821.09, Ido/Osi LG for N329, 950,821.50 and Ilejemeje LG for N347, 914,157.68. Apart from the PWC, cronies of Governor Kayode Fayemi were also given the contract. Most of the road projects have been abandoned.[/b]

“In 2010, the World Bank in collaboration with the Federal Government released $7.5m (about N1.2bn) for FADAMA III Project. The State Government was expected to provide counterpart fund of N100m. FADAMA III was for LIVESTOCK farmers. “However, the N100m counterpart fund was not provided by the State government until 2013.

“Instead of using this fund for the purpose for which the World Bank and FG released it, the State Government set up a scheme called Youths Commercial Agriculture Development Programme (YCAD) and used the FADAMA III grant from the World Bank and FG to fund it.

6-10 YCAD farmers were purportedly given N6 million each while FADAMA farmers, who registered FUGs of Ten (10) farmers collectively applied for six hundred and ninety thousand Naira only (N69,000.00 per farmer) were left unfunded.

“There were just 142 YCAD members, but the government claimed they were 15,000. “The government also claimed that it bought NINE Tractors at N98m and constructed abattoir for N18m.[/b]However, the tractors claimed to have been bought with N98m were the ones supplied to Ekiti State by the federal government during the immediate past administration of Engr Segun Oni.

“Also, the N100m counterpart fund paid by the State government into FADAMA’s ECO Bank, Ado-Ekiti account was later returned to the government coffers.

“[b]For FADAMA IV, a sum of $10.5m (about N1.7bn) was released in August, this year by the World Bank in collaboration with the FG for cassava plantation. Moves are now being made to siphon this fund.”

http://dailypost.ng/2014/10/08/alleged-n20bn-fraud-group-drags-fayemi-others-efcc-icpc/

Abagworo:
Nigeria is gradually getting ripe for Rawlings treatment.

mpi210:
Guys, Market don close? itrade shows it as closed..

jpphilips:
The article said the situation is generating conspiracy theories, what are you thinking God for?
Does it mean it is a conspiracy theory?
sometimes instead of making a mess like this, just post emoticons where you think you deserve an opinion.

cbrass:
OMG!! when and where did I say Ifa is restricted to ekitit state alone All am saying is the root of ifa was from Ekiti state hence the popularity of the prefi IFA in most of the indigenous names there

ProfCorruption:
Tinubu is not popular in the true sense of the word popularity, but he is powerful when it comes to party politics.

sukkot:
ok now. na her funeral. she go need more toilet paper when she poop

ProfCorruption:
Politics is not, ultimately, about popularity. It has more to do with who controls the party structure. But a major fallout will spell doom for APC as it happened during Otedola era. Ambode will win, but he should in a free, fair and credible primary contest.

princesa:
Seun don dey hustle front page with us be that na.

But when did he start becoming celebrity inclined?

Must be the weather

ProfCorruption:
The election will be competitive because the incumbent is not running. The battle is between political structures of leading parties. There is no doubt that Ambode has been campaigning throughout the state. If Ambode wins the primary (which he will) and there is less rancour, APC will win overwhelmingly.

cbrass:
Yes...

cbrass:
The op maybe right concerning that of fashola reason been that names that starts with Ifa have there root in ekiti hence names like fashola , fabunmi,fasoro, faseyi is common over there

Emmysteve:
No resemblance at all

Victoriousvic:
Is it just me, or is Seun creating a lot of topics these days and moving them to the Front Page in minutes?

bigass:
Will this week be Green or Red? Those with Green Should say Yea and those for Red should say Nay... lets see who 'have' it

paramedic:
Joke section please