₦airaland Forum

SERMON ON MOUNT ASO ROCK (1) And seeing the multitudes, corruption went up into Aso Rock; and when he was set, the politicians came unto him; (2) And he opened his mouth, and taught them, saying: (3) Blessed are the clueless in wisdom; for theirs is the Presidency of the nation. (4) Blessed are they that rig elections, for they shall stand elected. (5) Blessed are the thieves; for they shall inherit the National Assembly. (6) Blessed are they which do hunger and thirst after public funds; for their accounts shall be filled.
(7) Blessed are the bribe-takers, for they shall obtain big bribes.(
Blessed are the Petroleum Ministers, for they shall loot trillions. (9)Blessed are the bootlickers, for they shall be called the Federal Executhief Council. (10) Blessed are they which are prosecuted for corruption’s sake; for theirs is the kingdom of wealth. (11) Blessed are ye, when EFCC shall invite you, and interrogate you, and bring all manner of charges against you, for my sake.
(12) Rejoice, and be exceedingly glad; for fat are your accounts in
Swiss banks; for so they prosecuted the politicians which were before
you. (13) Ye are the thieves of the nation; but if the thief
have lost his craftiness, wherewith shall he be looting? It is
thenceforth good for nothing, but to be charged to court, and be
sentenced to prison. (14) Ye are the liars of the nation, a lie that is carefully thought- out cannot be foundout.
(15) Neither do politicians cook a big lie, and serve it to Sahara
Reporters, but to NTA; and it gives false hope unto all that watch the
9pm news. (16) Let your gowns so flow before men, that they may see your big loots, and glorify your father which is in Ota. (17) Think not that I am come to arrest the fuel marketers
(18) For verily I say unto you, till heaven and earth pass, one naira
or one kobo shall not be left in the Federation Account, but all be
looted away. (19) Whosever shall break one of these least
commandments, and shall teach men so, he shall be called the Asiwaju in
the kingdom of corruption; but whosoever shall do and teach them, the
same shall be called BOT Chairman in the kingdom of corruption.
(20) For I say unto you, except your corruption shall exceed the
corruption of civil servants and lawmakers, ye shall in no case enter
into the kingdom of immunity. (21) Ye have heard that it was
said by them of the old time, Thou shall not loot; and whosoever shall
loot shall be in danger of the judgment: (22) But I say unto
you, That whosoever is angry with his party without a cause shall be in
danger of the judgment: and whosoever shall say stop looting, shall be
in danger of penury, the elder brother of poverty. (23) Therefore if thou bring thy loot to the UK, and there rememberest that the EFCC has case against thee (24) Leave thy loot in a UK bank and go to Dubai; first be reconciled to the EFCC Chairman and come and enjoy thy loot.
(25) Bribe thy prosecutors quickly while thou art in the way with him;
lest at any time he deliver thee to the judge, and the judge sentence
thee, and thou be cast into prison. (26) Verily I say unto you, thou shall by no means come out thence, till thou hast entered a plea bargain. - By Anonymous Weeping Nigeria

I do not support the man , but let me say this : if the woman does not have time for the man for a very long time and the maid is always the one "available" for him , then she has some level of blame on her side .
every man is not the same , the sex drive and control of all men are not the same ,my wife sometimes does this too , it doesn't make me to desire another woman , but as i said some men cant keep up with such for prolong period of time .
As i type this my wife has gone to bed , its 11pm and we have not jived since Monday or Tuesday, if i tell her about it now , she would say she is tired, i can deal with this and wait for her , but some men can not .

Someone working in GTB is part of this scam .

GEJ: Baba, trouble dey oh!
OBJ: What is it Jona?
GEJ: It’s this short man that removed Ete oh, he’s disturbing me.
OBJ: I know this people at the hollow chamber. They are thieves and robbers. They steal the little money we give them and turn around to disturb us for more. You know what you will do?
GEJ: No sir...
OBJ: Call Femi, to arrange small change and tempt the guy.
GEJ: Like how much sir?
OBJ: $3m
GEJ: That’s too much oh.
OBJ: You are no longer a palm-wine tapper oh; you are the president of the most corrupt country on earth, the earlier you get that the better.
GEJ: Supposing he rejects it?
OBJ: Jona, He’s first a member of PDP and a Nigerian. Look who is not a thief here? Myself? Yourself?, Sambo? David? Even among this other political parties who is not?
GEJ: You are right sir.
OBJ: Once Lawan collects the money that is the end of the probe report and beginning of another case. Get any of this home video people to produce the film.
GEJ: Baba, you are the original “Evil Genius”
OBJ: O ti o....

dagreen14: Pervet......lol....actually i dont mind seeing them too..lol

Novice1: Where are those topless babes that dance at igbo festivals?

una dey craze, we no get any igbo girls dancing topless they cover them bobs

Now, here is my suggestions , the whole report should be 100% scrapped , Nigerians with proven integrity should be given the task of doing fresh investigation.
i suggest people like olisa agbakoba,wole shoyinka,ribadu,tunde bakare and that former nafdac boss dora akuinyiri , then they would be supported by some met police, i mean the ones that nailed ibori.
With this kind of team i think we would get somewhere with this investigation , what you guys think ?

A gang of armed robbers has killed 23 people in two villages in northern Nigeria, witnesses and police say.

An eyewitness told the BBC that about 80 people on motorbikes launched an overnight attack in the remote villages of Dan-Gulbi and Guru in Zamfara state.

Some victims had their throat cut, according to reports.

The attack is believed to be in revenge for the killing of a suspected group of armed robbers by villagers and vigilante groups last year.

A policeman was said to be among the dead, who were primarily from the village of Dan-Gulbi.

"They went door-to-door shooting villagers and in some cases slitting their throats with knives," an anonymous police source told the AFP news agency.

When do we hear Good news about Nigeria ?

What i could see from that video is that ojukwu didn't trust anyone there , be it Gowon or the their Ghanaian host.
He looked more calculative their if you ask me .

Eziachi: Money from IMF/WORLD BANK,PARIS CLUB etc are loans are should be treated as such but corrupt Africa rulers treats it as father Christmas gift. They treat this loans like a man that went to the bank to borrow money to help his fledging business with a very high interest but on getting home, partitioned the money into three. One he shared among his friend, the other use used to marry three extra wives and the remaining he used to treat himself to a new car and got himself a new chieftaincy title.
He forgot that he had to pay the money, no the mention the high interest and strict condition attached to the loan by the creditor. So its not about IMF but about your leaders who will share loan given to them to build a new modern bridge with toll facilities that can pay the loan with in a certain and they will go and use the money to buy a new presidential jet from companies funded by the same creditor and the rest they share it among themselves, then took the money back, to be hidden in the banks abroad where the money originated.

God Bless You .

Britain or not, IMF or not, i am proud of that woman , whatever she saves for her country with these actions , Nigeria would save 1,000 times more, the issue is this , will our government do the same ? Your guess is as good as mine .

As I read the article below , i could not help but wish that Nigeria Government would emulate this woman both at state and federal level , she is a roll model for other African states , what do you guys have to say about what she did with reference to our own government ?

SOURCE http://www.telegraph.co.uk/news/worldnews/africaandindianocean/malawi/9306069/Malawis-new-president-sells-off-presidential-jet-and-60-Mercedes.html

Malawi's new president sells off presidential jet and 60 Mercedes

Joyce Banda, Malawi's new president, has announced the presidential jet and fleet of 60 Mercedes limousines would be sold in a move applauded by a British cabinet minister as an example to other African leaders.

Mrs Banda had sent a signal of her intent and her priorities at a time of financial austerity both in Malawi and Britain Photo: AFP
By Aislinn Laing, Johannesburg and Damien McElroy4:30PM BST 01 Jun 2012
Mrs Banda said she was happy to "offload" the presidential perks, adding: "I can well use private airlines. I am already used to hitchhiking."
It means that the 62-year-old head of state – the second woman to hold the position in Africa – will fly to the Queen's Jubilee celebrations in London this weekend with British Airways.
Andrew Mitchell, the UK International Development Secretary who is currently visiting Malawi, delivered a £33m cash injection for Mrs Banda's government.
He said the move was a sign of the "seriousness Mrs Banda is applying to overturn bad decisions taken under the previous government".
The former vice-president in Bingu wa Mutharika's government, she stepped into the presidency in April when he suffered a heart attack. The jet had annual running costs of £220,000.
Since then, she has sacked former members of the "old guard" in the cabinet and security services, brought back Malawi's old flag and pledged to lift the country's ban on homosexuality.
Most recently, she followed long-standing International Monetary Fund advice to devalue Malawi's currency by a third.
The move caused panic buying and a sharp rise in the prices of basic foods and fuel.
But her decisions have seen donors including Britain, the EU, Germany, Norway and the World Bank, re-establish warm relations with Malawi.
Mr Mitchell announced that Britain, Malawi's biggest bilateral aid donor, would send a Bank of England expert to help stabilise the currency, and handed £23 million to the Finance Ministry.
He said that Mrs Banda had sent a signal of her intent and her priorities at a time of financial austerity both in Malawi and Britain.
"The importance of an African leader giving up the jets and Mercedes is iconic," he said.
"There are millions of people in need of drugs. I went to a hospital and saw people who were clearly ill queueing for drugs that were not there.
"We are making £10 million available for Malawi to stock up, and extra funding for agriculture, education and health to reinforce the work of this very good president."
Steve Sharra, a prominent Malawian blogger, said that Mrs Banda's actions were broadly welcomed by her countrymen.
Critics joked, however, that Malawi was transforming from a "God-fearing country" to a "donor-fearing country".
"The currency devaluation has been hard but I think most people understood why it had to happen and she is enjoying extraordinary amounts of goodwill and trust among Malawians," he said.
"All presidents start out well and we will have to see how she behaves after she is re-elected but for me, what's important is that she consults before taking decisions. With President Mutharika, it was his way or the highway."
The former president's profligacy provoked a Whitehall decision to suspend aid to Malawi last year.
In 2010, he was accused of using £2 million of public money to build new roads to travel in comfort to his second wedding.
The same year, he unveiled a multi-million dollar Taj Mahal-style mausoleum in memory of his late wife Ethel.
Mr Mutharika had defended the purchase of the jet as a "must" for a national leader in 2009.
"The jet that I purchased is not mine. It belongs to the nation," he claimed. "It will be used by 10, 11 other people coming after me. So that's an asset."

SOURCE http://www.telegraph.co.uk/news/worldnews/africaandindianocean/malawi/9306069/Malawis-new-president-sells-off-presidential-jet-and-60-Mercedes.html

OmoPastor: @ all the angered posters.

Allow me transcribe this girls encounter with the MOG for you:

MOG:, is broken in the name of Jesus.
Congregation: Amen
MOG: (talking to the girl) you've been there how long?
Girl: am not a "winch", I am a "winch" for Jesus.
MOG: you are what?
Girl: am, my own "winch" is for Jesus. I don't use,
MOG: you are a foul devil! Do you know who you are talking to? Foul devil (gives girl slap). Where are you from?
Girl: Am from Imo state.
MOG: when did you join witchcraft?
Girl: Am not a "winch", I am a "winch" for Jesus.
MOG: Jesus has not witches, you are a devil. You are not set for deliverance, you are free to go to hell.

@ dare2think

yea she came out for deliverance but she was surely not ready for deliverance. No one can force you into deliverance, you must willingly accept it. Did you listen to what she said? All you cared about was the slap which was actually as a result of her utterance. She was not fit for deliverance meaning she was not ready for deliverance, thats the reason the MOG said she was free (i.e @ her own will) to go to hell.


Her blasphemous utterance associating Jesus with devils activity which is witchcraft! It is not acceptable and very demonic statement. She knew what she was doing by say that. Do you think she came out for deliverance? She came out to utter those words in order to confuse the congregation and perpetrate her evil schemes. She deserved more than the slap but the slap was a demonstration of Jesus' victory over the devil who is her master. She was uttering what the devil put on her lips because she was surely possessed. So live with it bro!!!


Christianity is NOT a religion of love rather Christianity is love and love is Christianity.

Finally, you poster is clearly ignorant of what transpires in the spiritual realm. The devil is at constant war and struggle with God for the souls of men, so he does not play fair. He will do anything and everything to get the souls of men. If you are aware of this spiritual struggle, you will not be surprised at that slap because the implication of the girls statement is deep but you are blind and all you could see was the slap!

The girl is an agent and she was very bold to utter those words right before the MOG of that calibre! So she received just a token of disrespecting the MOG. But mind you, the words uttered by the MOG is even more devastating than the slap cos the girl must genuinely repent and seek forgiveness from the MOG which she will get if she's genuinely repented.

Have you ever been attacked by demonically possessed before? If you do not know anything about this, please stop the shout about the slap before you are slapped yourself.

I disagree with you , and what exactly do you mean when you say " MOG of that calibare "

The guy needs attention and seems to be getting it and enjoying it too , maybe they been ignoring him on somalilnet .

Take the bastard to court, am an igbo and i will tell this fellow is insane and need to be taken to mental hospital .

makes nl even more popular

Brother Jakumo take it easy , Jonathan is trying  and  there is no two ways about it , but i do think by now we should be celebrating things like almost or 100% Nigerian made cars or free and fair election unlike what IBB is about to force down our throats .

So now we are celebrating the availability of electricity abi ? This is something  the poorest of the poor in India take for granted
    What next ? we will soon celebrate free and cold drinking water in public places , i taya for this country 
Frankly i would be very ashamed to show this thread to any Indian.

Those of you that are with Oceanic Bank should make sure your identities are well hidden .

People will not stop dealing with IB just because you say so , actually you don't have proves for this serious allegations , international agencies have rated IB in a positive way several times even while this rumor persists .Plz do read the articles below ;

Intercontinental Bank is Bank of The Year 2008 Financial - Times, London

Released on 01 Dec 2008

Intercontinental Bank Plc was named Bank of The Year in the 2008 edition of The Banker Awards,  in London. The most prestigious and credible industry award in the world is organized by The Banker Magazine, a publication of Financial Times of London, the world’s number one media conglomerate.

The Banker Magazine monitors the performance of key financial institutions across the world and articulates the profile of corporate actions for the purposes of rewarding best performers in their respective countries. Intercontinental Bank was adjudged best in Nigeria.

The bank’s ‘‘strengthened brand, strategic and growing global presence, and a clear mission to boost stakeholders’ returns”, are among the reasons given by The Banker for choosing  Intercontinental Bank as its Nigeria’s Bank of the Year 2008.

Fitch Ratings recently affirmed Intercontinental Bank’s National Long-term ratings at A+. This ranking indicates that the bank is a low risk financial institution. The agency also affirmed the bank’s international rating at B+, which is the highest for any Nigerian bank as at date by Fitch Ratings.

According to Fitch “the ratings reflect Intercontinental Bank’s developing domestic franchise, strong record of earnings growth and adequate capitalization’’. Standards & Poor’s has also pronounced the bank’s international rating as BB-, which is the highest for any Nigerian bank just as Nigeria’s sovereign rating is also capped at BB-. Fitch and S & P are the two world’s leading rating agencies for both corporate and sovereign risks.
.
The coveted Banker/Financial Times award was coming barely a month after the bank was named “African Bank of The Year’’ and “Financial Brand of the Year” by two leading international media groups in two separate events at the just concluded  World Bank/IMF meeting in Washington DC, USA. Industry observers believe that The Banker Magazine/Financial Times award shows consistency and confirmation of the judgment of all other awards the Bank won this year.

source http://www.intercontinentalbankplc.com/portal/general/pressrelease.php?n=49&mode=story&y=2008


Fitch Affirms Nigeria’s Intercontinental Bank at ‘B+’; Outlook Stable

Released on 11 Oct 2008

Fitch Ratings has today affirmed Intercontinental Bank Plc’s (Intercontinental) ratings at Long-term Issuer Default rating (IDR) ‘B+’ with a Stable Outlook, Short-term IDR ‘B’, Individual ‘D’and Support ‘4’. The Support Rating Floor of ‘B+’ was also affirmed. At the same time, Fitch affirmed Intercontinental’s National Long-term rating at ‘A+(nga)’ and National Short-term rating at ‘F1(nga)’.

The ratings reflect Intercontinental’s concentrated credit risk, rapid loan growth and Nigeria’s difficult operating environment. The ratings also consider the bank’s developing domestic franchise, strong record of earnings growth and adequate capitalisation. The Support rating and the Support Rating Floor reflect Fitch’s view that while support from the Central Bank of Nigeria (CBN) is possible, the authorities’ ability to do so may be limited, given Nigeria’s ‘BB-’ rating. The floor indicates the level below which Fitch would not lower its IDR in the absence of any changes to the assumptions underpinning the bank's Support rating.

Fitch believes Intercontinental’s earnings will continue to grow strongly in the medium-term. However, this may be tempered by the bank’s ability to raise capital to support loan book growth and possible margin squeeze as competition intensifies within the Nigerian banking sector. Intercontinental’s loan book has grown strongly in recent years (60.6% during FY08) and is concentrated in the riskier commercial/ SME sector, as well as the manufacturing and oil and gas industries.

Asset quality has been improving over the past four years, with a non-performing loan (NPL) ratio of 3.52% at FYE08 (FYE07: 4.39%) and a coverage ratio in excess of 100%. Excluding the impact of write-offs, Intercontinental’s absolute NPLs increased 70.3% during FY08. This should be seen in the context of its rapid loan growth,particularly to the commercial/ SME sector, an unseasoned loan book and a benign operating environment which may overstate the true level of asset quality.

At FYE08 Fitch considered Intercontinental’s Tier 1 ratio of 24.85% (FYE07:36.20%) to be acceptable. However, the agency notes that this ratio has been significantly eroded over the past 12 months after strong on- and off-balance-sheet growth in risk-weighted assets. The agency considers that a fresh injection of capital will be required should the rapid rate of credit growth continue. Intercontinental is one of the largest banks in Nigeria by system assets and capitalization. The bank commenced operations in February 1989 and provides universal banking services to multinationals, large domestic corporates, SMEs and individuals.

http://www.intercontinentalbankplc.com/portal/general/pressrelease.php?n=48&mode=story&y=2008


Now tell me , do you really think that financial times of London would wake up overnight and give this award to IB just like that ? Do you not know that they risk their own integrity and future trust in their rating competence by giving this award to IB
      I  do have IPSA and Normal savings account with IB and i withdraw collectively from both accounts 2 to 5 million naira every week , on no occasion have IB failed to honor my withdrawal requests to date .

You should have balanced views about this sort of sensitive issues , read this the article below

THISDAY Special Release

With recent uncertainty pervading the Nigerian banking industry, Intercontinental Bank Plc has subjected its books to external independent scrutiny in what industry analysts believe see as a new chapter on full disclosures by banks.
Analysts from Renaissance Capital (RenCap) told Reuters yesterday that after being shown the bank's balance sheet and its present financial position, the bank has enough capital to absorb its asset risks and there is no threat to its solvency.
A similar scrutiny has been done on Access Bank Plc and Diamond Bank Plc.
Renaissance is a renowned global investment group and financial analysts based in London.
According to Renaissance, “Weak disclosure requirements in Nigeria have fuelled concern about the health of its banks, particularly their exposure to falling capital markets after explosive balance sheet growth in recent years saw them take on higher levels of unsecured risk.”
Stocks of all the quoted banks have depreciated between 40 and 70 per cent over the past three months in high-volume trading amid speculation that their capital base is at risk from margin loan exposure and other non-performing loans.
They are now being traded as distressed institutions.
Intercontinental Bank Plc was not speared as its stock fell by 46 per cent within the period.
"The market is currently pricing the stock as a distressed asset and not as a going concern," Renaissance Capital said in a research note, maintaining a "hold" rating but lowering its target share price to N10 from N13.
“By publishing the bank's asset risks and stress-testing them, we hope to close the chapter on the de-marketing of this name and provide investors with the means to assess these risks,” said Renaissance Capital report on the bank.
Renaissance said an "aggressive assumption" would put the total capital at risk at Intercontinental Bank at N90 billion ($618 million) and that its capital adequacy ratio would still be 15 per cent even after absorbing that full charge.
This is in line with what the Governor of Central Bank of Nigeria, Prof. Chukwuma Soludo, had said earlier concerning the banking industry toxic assets to the effect that putting together all the exposures in the stock market and oil and gas, the capital adequacy ratio of Nigerian banks could write off the entire exposures and still remain strongly capitalised against global industry benchmark.
The aggressive “assumption” and “stress-testing” of Intercontinental Bank Plc would mean putting the bank’s entire exposure in the stock market and other bad loans as unsecured.
But Renaissance Capital said the bank’s margin loan exposure was 15 per cent of total loans and that the current cover (security for the loans) on the margin loan book stood at 70 per cent plus an additional 10 per cent of collateralised assets.
However, if the security is realised or called in, the N90 billion exposure would drop drastically by 80 per cent.
"While there are risks to Intercontinental Bank’s capital base and these risks need to be appropriately priced in by the market, they can be absorbed by the Intercontinental Bank’s balance sheet," Renaissance said.
"While maintaining its solvency is not a challenge for the group, we believe that the key operational concerns relate to its balance sheet structure and cost base."
The disclosure of its balance sheet position to independent international analysts points to the transparency and openness some banking industry critics have been clamouring for, following speculations that toxic assets in the banking industry is being covered up.
However, the interim report on the Bank’s financial year which ended in February 2009 shows that despite the global financial meltdown Intercontinental Bank has sustained its strong financial performance as one of the top five banks in the country in deposit, profitability and assets.
Intercontinental Bank was the first Nigerian bank to hit the N1trillion mark.
With this development, it is expected that other Nigerian banks may subject themselves to similar independent scrutiny.
The bank, in a statement on de-marketing, had said: “For several months now, the Banking Industry has been enmeshed in unethical practices of running down the competition, which has now been popularly known as ‘De-marketing’.
“Intercontinental Bank Plc had all the while been targeted for de-marketing by a crop of misguided bankers especially from a 1st Generation Bank, using smear campaign to scare our customers through deceitful remarks and text messages insinuating that Intercontinental Bank Plc is unsafe, all in an attempt to mislead the general banking public to believe that only their bank is safe in Nigeria.
“Central Bank of Nigeria three weeks ago made official statement on this matter. We wish to now formally make a public statement on this issue to all our customers and the general banking public.
“We believe that the attack on us by these bankers is their envious and desperate response to our God-assisted achievement in the last 20 years.
“Despite the de-marketing campaign against us, we thank God that Intercontinental Bank Plc has remained one of the strongest banks in the industry. Our financial results continue to show robust growth in our Deposit and Balance Sheet size.
“Since this de-marketing started and up till now by the grace of God, we have never defaulted on any of our obligations to any depositor whether foreign or local and we are not under any pressure that may warrant any such default.
“Our customers had not only remained loyal to the bank but have taken it upon themselves to compile names of staff of competing banks that are de-marketing us or any other bank for onward submission to the Central Bank of Nigeria for appropriate sanction.
“Intercontinental Bank Plc remains committed to ethical conduct and sound professional banking practice despite the on-going provocations, especially as our Chief Executive Officer is also the current President and Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN).
“We appreciate the support of all our numerous customers, the regulatory authorities and indeed the general banking public who have continued to express utmost confidence in our Bank despite the de-marketing.
“Once again, we promise, on behalf of the Board, Management and Staff of Intercontinental Bank Plc to continue to make you all our ‘Happy Customers’ in order for us to remain your ‘Happy Bank’.”


link http://www.thisdayonline.com/nview.php?id=140422

FOD and Nijacutee i thought na una dey moderate this thread , what are these last two posts doing here ?

If the mother of okocha was in that xmas party , would she be searched ?

and as for Tony , well tell him that etim was looking at me few days back with an evil eye  so that he would punish him for that too .
  it seems like working for him has become some kind of compulsory moral class 

What's behind this recent surge on the NSE ?