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 Politics › Re: Boko Haram Beheads Four IDPs In Dalori-1 Camp, Maiduguri by Ekakamba: 1:16pm On May 22, 2017 |
WHOT THEY FORK? Zoo is attractive & safer than Nigeria.  2 Likes 1 Share |
| Celebrities › Re: Beautiful Makeup Photos Of Rita Dominic by Ekakamba: 1:10pm On May 22, 2017 |
Wow! 4T1 ant steal kanting! Grace wheat age ma'am. |
| Politics › Re: In 70s, Nigerians Were Spending Naira In London, Mecca- Mailafia by Ekakamba(op): 12:00pm On May 22, 2017 |
“The situation has changed that even in Benin Republic, they don’t accept Naira.'' |
| Politics › In 70s, Nigerians Were Spending Naira In London, Mecca- Mailafia by Ekakamba(op): 11:56am On May 22, 2017 |
A former Deputy Governor of Central Bank Of Nigeria (CBN), Dr Obadiah Mailafia, has called on the Federal Government to take measures that will make Naira convertible international trading currency. https://d19lga30codh7.cloudfront.net/wp-content/uploads/2017/02/Mailafia.png Dr. Obadiah Mailafia Mailafia made the call in an interview in Abuja on Monday. He recalled that about 40 years ago, Naira was accepted abroad for trading and other purposes. “In the 70s, Nigerians were spending Naira in London. It was accepted. “In fact, our Muslim brothers used to go to Mecca and Medina that time and they could spend and buy goods with Naira. “ The situation has changed that even in Benin Republic, they don’t accept Naira. “We need to restore the purchasing power, the honour and dignity of the Naira as our proud currency and the symbol of National honour,’’ he said. Mailafia, therefore, urged the government to begin the efforts that would shore up the value of the currency so that it could be acceptable internationally in the next decade. He called for strengthening of the Naira, adding that vigilance should be exercised not to allow fake currencies, including the Naira, to enter the country. According to him, monetary authorities in the country need to be more vigilant because there is a law of finance that says bad money always chases away good money. “It is like a computer virus, you put one virus, it can wipe off all good data you have and this is what happens with fake currency. “Once it enters the system, it begins to infect the whole monetary and financial system.’’ In addition, Mailafia advised that the CBN should earn the trust of Nigerians by being transparent the way it operated foreign exchange market. “The CBN should be transparent on its implementation of monetary policies and the way it supervises commercial banks. “ This will catalyse commercial banks to do what they are expected to do to restore this economy,’’ he said. He further said that restoring the Naira also meant to diversify the economy and diversify the country’s export base. “When you do that and diversify the sources of revenue and income, it eases pressure on domestic currency so it will continue to be strong. On foreign exchange policy, the former CBN boss said that some analysts had advised the government to change the new policy in order not to deplete the country’s external reserve. “The CBN, in the policy, said that in order to ease the difficulties encountered by Nigerians in obtaining funds for foreign exchange transactions, it would henceforth be providing direct additional funding to banks. “This is to meet the needs of Nigerians for personal and business travel, medical needs and school fees effectively. “The CBN said such retail transactions will be settled at a rate not exceeding 20 per cent above the interbank market rate. “We cannot continue to do this forever without depleting the external reserves; if you deplete the external reserves, in fact, the Naira can fall to 1,000 to a dollar. “We should have a deliberate policy of working toward unification and integration of multiple exchange rates into the law of one price, so that there will be clear transparency in the system. “It might involve going back to the Dutch option system that we had sometimes ago which did well, by the way,’’ he said. Dutch option is a public offering auction structure in which the price of the offering is set after taking in all bids and determining the highest price at which the total offering can be sold. In the type of auction, investors place a bid for the amount they are willing to buy in terms of quantity and price. http://www.vanguardngr.com/2017/05/70s-nigerians-spending-naira-london-mecca-mailafia/ |
| Car Talk › Re: Airbags: How They Work And Types by Ekakamba: 7:01am On May 20, 2017 |
 9 Likes
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| Webmasters › Re: How Mark Zuckerberg's Surprise Wedding Was Done 6 Years Ago by Ekakamba: 6:59am On May 20, 2017*. Modified: 11:52am On May 20, 2017 |
Mynd44 cum & sea, is it by force for one to make money. Ban this parasite joor. Àbi dem dey give returns? jack22221: 4 Likes |
| Webmasters › Re: How Mark Zuckerberg's Surprise Wedding Was Done 6 Years Ago by Ekakamba: 6:57am On May 20, 2017 |
Good concept. |
| NYSC › Re: Plateau Batch A16 by Ekakamba(op): 4:56pm On May 19, 2017 |
| Romance › Re: Wat Do You Have To Say To The Last Person U Had *** Wth? by Ekakamba: 3:59pm On May 19, 2017 |
jonaifame22:Came? Past tense of come? Àbi cum? |
| Events › Re: Couple Whose Wedding Invitation Card Went Viral To Wed In Gombe (Photos) by Ekakamba: 3:40pm On May 19, 2017 |
Na this kind girls sabi kpansh like craze.  Ezemann: 4 Likes 1 Share |
| Jobs/Vacancies › Re: FIRS To Recruit 1,250 New Staff by Ekakamba(op): 12:58pm On May 19, 2017 |
Yaasir: |
| Celebrities › Re: Timaya Sings Praise & Worship As DJ Tries To Mess Up His Performance by Ekakamba: 12:45pm On May 19, 2017 |
They neega one goa bark kwaya. |
| Jobs/Vacancies › Re: Jobs Awareness Seminar On ICT @ IIHT Lagos by Ekakamba: 12:35pm On May 19, 2017 |
No come Abuja come get customer dey there... Besides anything free ain't rich. |
| Education › Re: 5 Things That Happen When You Graduate With A Poor CGPA by Ekakamba: 12:28pm On May 19, 2017 |
Not far from he truth sha. The way folks with low CGPA and good job view thread............ 10 Likes
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| Education › Re: The 'O' In The Abbreviation BODMAS Does Not Mean 'of'... See The Meaning by Ekakamba(op): 4:55pm On May 18, 2017 |
Welcome.  |
| Education › The 'O' In The Abbreviation BODMAS Does Not Mean 'of'... See The Meaning by Ekakamba(op): 4:51pm On May 18, 2017 |
BODMAS is a useful acronym that lets you know which order to solve mathematical problems (or sums). It's important that you follow the rules of BODMAS as without it your answers can be wrong. The BODMAS acronym is for: >Brackets (parts of a calculation inside brackets always come first). >Orders (numbers involving powers or square roots). >Division >Multiplication >Addition >Subtraction https://www.skillsyouneed.com/images/bodmas.png |
| NYSC › Re: How To Apply For NYSC Relocation & Redeployment by Ekakamba: 3:51pm On May 18, 2017 |
Why you dey increase my age? I'm just 24 bro.  holluphemydavid: |
| Politics › Re: Nigeria’s Political Elites Hid Behind Military To Steal Billions Of Dollars by Ekakamba(op): 2:37pm On May 18, 2017 |
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| Politics › Nigeria’s Political Elites Hid Behind Military To Steal Billions Of Dollars by Ekakamba(op): 2:34pm On May 18, 2017 |
A new report has highlighted how Nigeria’s political elites for years hid under the cover of the country’s military to steal billions of dollars that would have been channeled into improving the living conditions of the citizens. Corrupt officials over the years exploited the excessive secrecy of the country’s defence budget to rip off the nation, says the report released Thursday in Abuja by Transparency International Defence And Security. The 15-years-old war against Boko Haram insurgency has helped pushed up Nigeria’s defence budget and corresponding increase in corruption within the sector, the report said. A former National Security Adviser, NSA, Sambo Dasuki, is currently standing trial for allegedly mismanaging funds meant for the procurement of weapons to prosecute the war against Boko Haram. The report repeatedly mentioned Mr. Dasuki’s case as an example of how the country’s defence sector leaves room for exploitation.https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2015/12/PIC.-14.FORMER-NSA-SAMBO-DASUKI-AND-OTHERS-ARRAIGNED-AT-FCT-HIGH-COURT-IN-ABUJA.jpgFILE PHOTO: Former NSA Sambo Dasuki and others arraigned over misappropriation at the FCT High Court in Abuja The report also mentioned former President Goodluck Jonathan and the late military dictator, Sani Abacha, as some of the nation’s leaders who profited from the inherent weakness in the sector. According to the report, the stealing is usually done through inflating of procurement contract values and creating of “phantom” defence contracts. “Such contracts are used as a vehicle for money laundering: facilitated via weak or corrupted Nigerian banks, illicit financial flows are often hidden in property in the UK, United States, South Africa and Dubai,” the report says. The stealing is done with the active connivance of the country’s military leaders. “With oil prices at a record low, defence has provided new and lucrative opportunities for the country’s corrupt kleptocrats,” says the report. “Former military chiefs have stolen as much as US $15 billion – a sum equivalent to half of Nigeria’s foreign currency reserves – through fraudulent arms procurement deals.” Former President, Goodluck Jonathanhttps://i0.wp.com/media.premiumtimesng.com/wp-content/files/2015/05/Jonathan-press-briefing.jpg?resize=600%2C400 The report, which was prepared in partnership with the Civil Society Legislative Advocacy Centre, CISLAC, is titled, Weaponising Transparency: Defence Procurement Reform As a Counterterrorism Strategy in Nigeria. Corruption in the defence sector, according to the report, is a major threat to Nigeria’s internal security and political stability. “Largely unaddressed, it has weakened Nigerian counterterrorism capacity whilst strengthening Boko Haram,” it said. The report, though acknowledged President Muhammadu Buhari administration’s effort to tackle corruption in the country’s defence sector. But it warned that, “Only a holistic reform agenda can deliver the deep, systemic changes and improvements in transparency and accountability needed to prevent the next US $15 billion quietly leaving Nigeria through the back door”. “Since coming to power in May 2015, President Buhari has taken some bold action in tackling defence sector corruption. Central to his approach have been two ad hoc, temporary audit committees: one investigating spending by the Office of the National Security Adviser and one investigating defence arms and equipment procurement. “Taking on the defence establishment was a significant move: the evidence uncovered by these probes revealed that several of the country’s former military chiefs, using dozens of companies, together stole as much as US $15 billion. Nigerian President, Muhammadu Buharihttps://i1.wp.com/media.premiumtimesng.com/wp-content/files/2017/05/IMG_0620-e1494088855212.jpg?resize=600%2C383 “President Buhari’s anti-corruption drive is a rare example of senior Nigerian defence and security officials being exposed to criminal investigation. By signalling that military impunity is not without limit, it is undoubtedly a positive step forward,” it said. State governors in Nigeria are also known to have used the secretive “security votes” as an avenue to steal public funds, the report said. The report recommends a unified anti-corruption strategy for the defence sector, the extension of public access to defence and security information, and the monitoring of confidential procurements as some of the ways of tackling the problem. Other recommendations include the sharpening of international focus on fighting corruption in Nigeria, plucking off money laundering loopholes in banks, the extension of whistle-blower protection to cover the defence sector, and regulation of secretive security votes. “Declassifying how the security vote funds have been spent, after a two-year information embargo, could also enable citizen oversight,” the report said. Katherine Dixon, Director Transparency International Defence and Security, called for a quick action against corruption in the Nigeria’s defence sector. “Corruption in Nigeria is not just a problem for Nigerians, but a concern for all of those looking to tackle violent extremism around the world. “Entering into blind defence deals that ignore the rampant corruption in Nigeria’s defence sector means international partners could inadvertently be giving rise to Boko Haram. Likewise, the doors to allow corrupt officials to launder their ill-gotten gains out of Nigeria should be slammed shut, through the active denial of visas and other domestic legislation that targets corrupt money. “With Buhari’s first term soon to end, the international community may soon find itself without a Presidential ally in this fight – now is the time to act,” Ms. Dixon said. http://www.premiumtimesng.com/news/headlines/231556-nigerias-political-elites-hid-behind-military-to-steal-billions-of-dollars-report.html |
| Politics › Re: Zannah Mustapha Who Set 82 Chibok Girls Free by Ekakamba: 2:27pm On May 18, 2017 |
He played the lead role. Wehdone Sa! 4 Likes |
| Politics › Re: Buhari, Yahaya Bello, Ikpeazu & Others Honored At Daily Times 91st Anniversary by Ekakamba: 2:16pm On May 18, 2017 |
Just look at the people honored by #dailyTimes; Make me and bae carry our bicycle leave this thread jare..... 3 Likes
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| Family › Re: 16-Year-Old Female Student Goes Missing (Photo) by Ekakamba: 10:49am On May 18, 2017 |
Who telz yoo they sicknature arefeck mai hozle? Alexbabybird: |
| Politics › Re: Just Imagine: Benue State Governor Empowers 'youths' With Brand New Wheelbarrows by Ekakamba(op): 10:46am On May 18, 2017 |
Why you laughing? You should at least congratulate him for empowering hundreds of youths who voted him with 'will-biro'. agbangam: |
| Family › Re: 16-Year-Old Female Student Goes Missing (Photo) by Ekakamba: 10:38am On May 18, 2017 |
youngest85:  2 Likes
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| NYSC › Re: How To Apply For NYSC Relocation & Redeployment by Ekakamba: 10:36am On May 18, 2017 |
We chilling! 2 Likes
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| Politics › Re: Just Imagine: Benue State Governor Empowers 'youths' With Brand New Wheelbarrows by Ekakamba(op): 10:35am On May 18, 2017 |
See sauce to spice it up http://www.yabaleftonline.com/benue-state-governor-empowers-youth-brand-wheelbarrows/ |
| Politics › Just Imagine: Benue State Governor Empowers 'youths' With Brand New Wheelbarrows by Ekakamba(op): 10:32am On May 18, 2017 |
Governor of Benue State, Governor Samuel Ortom has reportedly empowered the youths of the state with wheelbarrows tyesterday. Photos of the wheelbarrows have since gone viral on social media with many asking why he has chosen to empower the Youths of Benue State in such way! Meanwhile, the governor has given his opinion on how to end the farmers-herdsmen crisis in Nigeria. Speaking in Abuja while He said banning of open grazing and the provision of infrastructures for cattle ranching are the only lasting solutions to the crisis between farmers and herdsmen in Nigeria.https://www.yabaleftonline.com/wp-content/uploads/2017/05/Ortom-640x580.jpg“Benue state is an agrarian state – the food basket of the nation – and we have no industries. We have no other means of livelihood except farming so it becomes very tasking to support open grazing and farming together. “The increase in Nigeria’s population has led to increase in human activities; more road networks, more hospitals, more settlement, more farming etc. And the land is not increasing proportionately. “For us in Benue state, today, if you go there today, there are no empty lands for grazing. So, when herdsmen come to do open grazing, there is no way, no matter how hard they try to control their animals, (these are animals; they are not human beings) they derail to peoples’ farms and then crisis ensue. |
| Family › Re: 5 Things You Don't Get To Hear Before Saying''i Do'' by Ekakamba: 8:48pm On May 17, 2017 |
Hope so.. janefrancisca: |
| Crime › Re: Boy Steals Phone In JAMB Hall In Benue State (Photos) by Ekakamba: 8:46pm On May 17, 2017 |
Then? Praise the billion naira thieves right? Mtcheeew. doubled123: |
| Music/Radio › Re: Korede Bello - "Butterfly" (Video) by Ekakamba: 3:26pm On May 17, 2017 |
midehi2:Where are your wings? Show me or eye don bee leaf eat. 8 Likes
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| Crime › Re: Whistleblowers Remanded In Prison Custody For Giving False Information (pics) by Ekakamba: 3:08pm On May 17, 2017 |
That awkward moment when one whistle blows two whistle-blowers. Who says one stone can't kill two birds? 20 Likes 1 Share
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| Food › Re: 6 Myths About Hangovers Dispelled. by Ekakamba: 2:42pm On May 17, 2017 |
Opinionated:Alcohol, kpansh help you sleep well. 6 Likes |
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