₦airaland Forum

@Onlytruth: If you can save the country, then you should be able to save yourselves, no? And don't use the gov't oppression excuse; Jews have certainly been a lot more oppressed over history than Igbos have. Yet not only have their own country, but have dominated science and industry wherever they go.

If you cannot achieve victory in Nigeria, then perhaps you overrate your talents.

Anyway, I see why lots of people hate Igbo so much. Lots of talk, no action. Nobody likes a person with an ego who cannot back it up. Always a ready excuse in place for failure, though.

Is it at all possible you can take your Igbo agenda to another thread?

We get the memo; Igbos are Jews, etc, etc, are oppressed in Nigeria, etc, etc.

You sound like a song put on repeat

[quote author=isale_gan2 link=topic=589689.msg7580028#msg7580028 date=1295658034]Not a fan.  Always sounds like she hates Nigeria and black people.  I don't read her posts.[/quote]It is an almost passive-aggressive sort of love. Like I said, she is extremely weird, but means well.

Jarus had me rollin. . . never laughed so hard before from something on nairaland  


Up becomerich, up odua republic, up benin republic!

The pricing of these bonds fascinates me. Never taking a finance class before, but reading up on the subject to understand some of it.

Finance in general. . . quite a sexy field.

^-- I am a big fan of @Kobojunkie. She is extremely weird and fixated on some strange things, but overall a nice person. Very likely a heart of gold.

Katsumoto:
You miss the point; being rich and having a young girlfriend is not the issue here. The issue here is a generation of young girls who are doing it.

So generation of young girls doing it = corruption?

What was the percentage of girls doing this in the early 80s (when corruption was not at the magnitude it is at today) when compared to now?

Correlation != causation

The boys can't do the same, hence why they are into Yahoo yahoo.

What does yahoo yahoo have to do with having a sugar daddy   You are seriously comparing fraud to this?

Please compare the prepondrance of this issue in Nigeria with more developed societies. Brazil is not a good example due to the level of poverty in it (though the situation has improved in the last 8 years thanks to Lula)

I would be interested in seeing ANY study which demonstrates that this practice is related to corruption, rather than poverty.

I agree about @Tensor777, dude is probably the son of some rich Igbo businessman, or something  

Me though, I come from a long line of farmers, jujumen, traders and teachers. A humble lineage, but a proud one  

[quote author=Kilode?! link=topic=590472.msg7579860#msg7579860 date=1295655005]LOL

I agree. Dimeji Bankole is disappointment. But I'm just holding out hope that it might be because those people are from Nigerian families with deep links into the corrupt structures we have. Some of those kids went to Harvard, Cambridge and Oxford on Stolen Public Money. They come on NL sometimes to defend their Daddy

I said that because I doubt eku_bear has a Federal minister in his lineage, so he might not see the Nigerian corrupt system as his bread and butter. I hope he doesn't. Eku defend yaself.[/quote]

Lol, let's put it this way. If I had a federal minister in my lineage, I'd not be in the US   I'd be back home getting contracts somehow somehow  

ola olabiy:
What about lecturers sleeping with students for marks?

Yeah, that is corruption. But hopefully it is clear how this is different with a student sleeping with some rich dude for money.

In the case of the former, the lecturer is violating the duties of his job by exchanging grades for sex. It isn't his prerogative to trade away grades for anything.

In the latter, no corruption is happening. . . just an exchange of money for sex.

oyb:
dude, did you see pot bellied old men coming into campus every day to pick up girls?

do you see your classmates going to party with governors every weekend?

do you see them doing prostitution on the side

do you see your classmates seeing absolutely nothing wrong with fecking old men for money?

The school I went to, most of the kids are pretty well-off and thus the fraction of those who have sugardaddies is small.

With that said, I know from personal experience that there are girls who do those things. I could even name the name of the (somewhat famous) strip club that these girls I went to college with worked at.

I don't understand why this is being made into some sort of corruption/morality play. Strips clubs, escort work, prostitution all over the world pays a lot of money. Having a sugar daddy also is pretty lucrative. If you are rich or well-off, you are less likely to do these things. If poor, then more likely.

I don't see what any of this has to do with corruption.

[quote author=Kilode?! link=topic=590472.msg7579790#msg7579790 date=1295653930]eku_bear, Let me ask; (for my own sanity)

The only experience you've had with the Nigerian Police system was when you went to Nigeria for a short visit and rode on our highways, probably inside a Family Vehicle driven by a Nigeria savvy Personal driver, right?[/quote]Mostly correct, yeah. Longest I've stayed at a time is 1.5 months.

You've never really interacted with A Nigerian Civil servant in their natural habitat(offices, institutions, etc) all by yourself before, right?

Yes. I had to get a new passport one time, but that is about it. . . and I didn't do it by myself.

I hope most see that rich dudes sleeping with young girls is not an example of corruption, though. Power and wealth disparities yes, corruption no.

jason123:
It affect everyone except you are in government. Try spending a year in Lagos and see what I am talking about.

Hopefully one day I'll get the chance to stay in Lagos for an extended period of time and see for myself.

Fair enough. If I'm wrong I'm wrong. I guess I've been lucky not to experience the negative parts of police in Nigeria, who knows. Or maybe it doesn't affect you if you are above some level of wealth.

@dayokanu: I appreciate the link man and have seen and heard stories like that. Who knows, maybe I'm wrong or extremely naive. But both of these situations feel like gov't extortion to me.

[quote author=Kilode?! link=topic=590472.msg7579610#msg7579610 date=1295651802]You are now having fun

Agree or disagree with the speed limit law, point is; it went through due process.

The Policeman harassing you and your family for N50 is not acting on any process written in law. no process to it at all, it is haphazard, it it corrupt, it is blatant dehumanizing oppression. It happens too much in Nigeria![/quote]So when he harasses you for that N50, in theory you don't have to pay, right? But he'll just waste your time if you do not. He'll waste your time asking for papers X, Y, and Z. And if you don't have them, then he'll want to take you to the police station, basically waste your entire day.

It isn't like they are just pointing a gun to your head asking for money, is it? At least as a general rule, that is not how it happens (from what I've seen.) They'll just find some permit/paper that you are supposed to have, which you do not.

ola olabiy:
Eku, Eku! Haba!

With the way you reason, you don't understand Nigeria.
And, I am sure you can't survive a weekend at Beere, Ajegunle or Lalupon.

You need to go and experience life at a typical Nigerian setting not that Abuja where you are far away whenever you visit. Ok?

It is what it is. Government shakedown = government shakedown. If one is evil, then so is the other. I can tell you I'd prefer not to have written a large check to support some economically unviable town in the middle of nowhere.

Katsumoto:
Yes some young girls will sleep with older men when they have nothing else going for them in other countries but in Nigeria, our bright generations are wasting away because most young girls in universities believe that the quickest way to riches is to sell your body.

Now tell me, on a Friday night in Harvard, Oxford, Cambridge, Stanford, Manchester, etc, how many cars do you see on campus belonging to old men who have come to collect young girls for sin assemblies, sex, or parties? If you can answer that question truthfully, then I will accept that it a normal thing for a bright undergraduate to be warming the bed of her grandfather's friend.

Well, the Western world is far richer than Nigeria is. Typical family wealth/access to gainful employment of your Harvard, etc sort of girls is much higher than that of Nigeria. So the frequency of that sort of thing is much less at such schools than the ones in Nigeria.

With that said, I can definitively tell you that it does happen. Girls do work at strip clubs or as escorts, even ones who go to Ivy league schools (though as I said, the frequency is low.) And certainly at anything less than Ivy league schools, it happens a fair bit.

In any case, you've still not successfully argued how this is an example of corruption. Poverty yes, disparates in wealth, yes. Corruption, no.

ola olabiy:
THEY SET THE RULE BUT YOU BROKE IT BECAUSE YOU WANTED TO ACCELERATE.

And, you are comparing this with Roadblocks, abi? These guiys are far away, i said so.

Look, from my perspective, in both situations the authorities set up unjust laws (55 mph speed limit on a road that can easily take 80+; power to detain drivers on the silly pretext of looking for documentation X, Y, and Z, making sure not an armed robber, etc) to extract cash from commuters.

Both are government shakedowns for cash, are they not? Setup an unjust law to extract money. Yet one is viewed as OK, and the other an example of prime evil  

Katsumoto:
Seriously, at what point in your life did you live in Nigeria?

What allure is there for a 21 year to sleep with an old baboon if not to share his ill-gotten wealth?

Of what relevance is this when it happens everywhere in the world? Name a country on earth where old rich guys don't sleep with younger women.

And how again is this an example of corruption? Women exchanging sex for money (either explicitly or implicitly) is as old as humanity.

redsun:
How many civil nation does d police mount road for d main aim of collecting bribe from road users?

There are entire muncipalites across the US whose primary source of income is speeding tickets. Like, you'll have this amazing long and straight highway, very little traffic on it. They'll set the speed limit on it to 65 or 55.

Obviously, nobody wants to drive for 55 or 65 on a highway that can comfortably and safely take 80 mph.

So these towns just flag down people they catch driving above the speed limit (which is going to be a lot) and write them huge tickets.

I remember one time I was driving from Colorado to Houston, I paid a $550 ticket for speeding.

Now, technically I broke the law by doing what I did. But at the same time, we all know what is going on. . . that check I mailed for $550 is how they feed their town. So they have a huge incentive to make the speed limit in their municipality really low.

Now, how does this differ from a Nigerian policeman stopping people for bribe?  

Who knows, maybe I'm out of line, but to me they seem the same sort of thing.

violent:
I'm using the GDP in terms of Purchasing Power Parity and not the GDP real rate.  I know the PPP is an imperfect factor for measuring the GDP but it is sufficient in the context of my earlier argument.

http://en.wikipedia.org/wiki/Economy_of_Nigeria

Hrm, never seen people looking at PPP growth rate and using that as a basis for comparison, people usually use GDP growth rate, from what I've seen. But I'm not an expert, so you might be right.

ola olabiy:
It is. Do that in the UK and you surely have your public image and political carrier thrown to the dogs.


You don't just demend for sex before you render services.

Wtf. Plenty of rich old dudes all over the world sleep with young women. That is the way of life for old rich dudes across the world. That is part of the point of being rich anywhere.

Has absolutely nothing to do with corruption in Nigeria.

@buzugee: I think you are walking near a land mine! Be very careful, some topics will only cause wahala  

omongbatim:
Sure (the bolded part)? I have heard over and over that you can only stay away from the country for no more than 6 months if you hold a green card.

Or you'll lose your green card? I'm pretty sure this is not true. Do some research and find out? I don't think you can lose your green card except for doing something illegal.

Leaving for 6 months means you have to restart the clock again for applying for citizenship, though. At least, this is what I remember for when I did my interview to gain citizenship.

Err. This is the second time I've seen you use old rich men sleeping with young girls as an example, @Katsumoto.

You really think that is an example of corruption

omongbatim:
My friend,

I had a question for you on the thread below
https://www.nairaland.com/nigeria/topic-589689.32.html

I answered it. Post #46 on that thread.

Sorta nuts to me that ya'll are so paranoid about the World Bank. You can read their reports themselves, figure out whether you gree or no gree.

But abstract, vague paranoia? Makes no sense.

They've spent a lot of resources researching the Nigerian economy and understanding the investment climate here. At least take their work as a starting point rather than discarding it.

Na wa o.

violent:
You are wrong sir!

we did grow our pie, that's why our GDP went from 170 billion in 2005 to over 370 billion in 2010.  The point is, some individuals just want the entire pie to themselves.

It's better we have a small pie with few selfish individuals, even if everyone is hungry, we at least have something to chew on!

Err, those #s sound wrong to me. 17% GDP growth per year is not what Nigeria has experienced over the past 5 years. More like 8-9% tops, iirc.

Naw, me grouchy? Never that

^-- Reuters article that she linked to:

UPDATE 5-Nigeria's debut Eurobond heavily oversubscribed
Fri Jan 21, 2011 8:16pm GMT

* Issue oversubscribed, priced at 7.0 pct yield

* Debt ratios low, growth robust

* Fall in foreign reserves worries some investors

(Adds comment from finance minister)

By Nick Tattersall and Chijioke Ohuocha

LAGOS, Jan 21 (Reuters) - Nigeria issued a $500 million debut Eurobond on Friday with a 7.0 percent yield in a deal that was heavily oversubscribed, as appetite for high-yielding assets outweighed concern about its depleted oil savings.

Investors from 18 countries spanning Europe, the United States, Asia and Africa took up the offer, which was 2.5 times oversubscribed, Finance Minister Olusegun Aganga said.

"This transaction clearly puts Nigeria on the global map. We now have a transparent and internationally observable benchmark against which international investors can accurately price risk," Aganga said, forecasting a rise in foreign investment into sub-Saharan Africa's second-biggest economy.

The successful issue by Africa's top oil exporter, months ahead of elections, could reassure others on the continent of the strength of demand for African debt, convincing them to press ahead with similar but delayed plans.

However, there is at least one guy who is a skeptic:

One leading fund manager who participated in Eurobond issues by Ghana and fellow African oil producer Gabon at the end of 2006 said he was steering clear of Nigeria's offering given concerns over the huge outflows from oil savings.

Anyway, the NEXT article was obviously too pessimistic, given how much demand there was for the bonds.