₦airaland Forum

BeeBeeOoh:
The babalawo tha prepared the charm APC & Buhari laced on zombies deserves international recognition, because I can't imagine a man that never upgraded himself educationally or otherwise since he left power for over 3 decades ago promise you heaven on earth & you Sheepishly, Cowishly and Goatishly believed him.




Ajuz taya

Pangea:
Hahaha

@Reno
Lie Mohammed's kids will not dress masquerades,
They have been smuggled through the backdoor into the CBN!
To begin their courses in LOOTOLOGY!

nawtyme:
Why not ask your president to bring his daughter home to school in University of Maiduguri?
Why not ask your president to receive medical treatment in State house medical center that has its budget more than that of all other federal medical institutions combined?
Why not ask your president to quit or at least start granting equal amount of interviews for our local media rather than expecting Nigerians to hear about his plans(that is if he has any) from foreign media?
When you do any of these, then you can ask Goodluck (the hero of African democracy) to spend his money and time where and how it pleases him.

I suggest you come up with a herbal formula for rational thinking. You would benefit from it too

Cheers.

1Tkester:
The first Labour needs to ask is: does he (Buhari) understand what a job blue print is. Please let's stop wasting our time with this failure called Buhari.

The Senate President, Dr. Bukola Saraki, on Thursday pleaded not guilty to amended 16 counts preferred against him by the Federal Government before the Code of Conduct Tribunal.

The amendment to the original 13 counts added fresh Counts 3, 14 and 16 .

He was accused in Count 3 of abusing his office between October 2006 and May 2007 while he was the Kwara State Governor.

Under Count 3, the prosecution accused Saraki of obtaining a loan from the Guaranty Trust Bank to acquire the properties known as No. 17A and 17B McDonald, Ikoyi, Lagos in the aggregate sum of N497,200,000.

He was said to have bought the properties from the Implementation Committee of the Federal Government Landed Properties.

He allegedly repaid the loan to GTB through various lodgments made into his account on his behalf by his aides when he was Governor of Kwara State and his account officer using funds which he allegedly handed over to them in cash at Kwara State Government House, GRA, Ilorin.

The acts under the Count 3 are said to be “contrary to the government policy against corruption and abuse of office and against the interest of the people of Kwara State.

In Count 14, the prosecution accused Saraki of failing to declare his interest in a foreign credit card account to which he allegedly transferred huge sums of money while being Governor of Kwara State.

He was said to have failed to declare his interest in the American Express Service Card with No: 374588216836009 at the end of his second term as governor.

He allegedly transferred huge sums of money in dollars from his Guaranty Trust Bank domiciliary account No. 441441953210 in Nigeria.

In Count 16, Saraki was accused of continuing to receive salary and emoluments as Governor of Kwara State and from the Federal Government as a senator between June 2011 and October 2013.

Originally, the Federal Government preferred against Saraki,13 counts, including charges of false and anticipatory asset declaration, as well as operation of foreign accounts, which he allegedly committed while being the Governor of Kwara State between 2003 and 2011.

Saraki was re-arraigned before the tribunal on Thursday because of the amendment to the charges which added three fresh counts to the original 13 counts.

There have been two amendments of the original 13 counts which now bring the counts against the Senate President to 16.

The first amendment which brought in additional two counts was made on April 18, 2016 while the latest made on April 27, 2016, added one fresh count.

The charges dated April 18 were withdrawn on Thursday.

The latest amendment was introduced by the prosecution and accepted by the tribunal chairman, Danladi Umar, after overruling the defence led by Mr. Paul Usoro (SAN).

The tribunal ruled on Thursday that contrary to Usoro’s contention, the prosecution, under section 216(1) of the Administration of Criminal Justice Act, was not required to file a motion to give the reasons for the amendment before it could be accepted by the tribunal.

Earlier before the re-arraignment the CCT on Thursday dismissed an application asking its chairman, Danladi Umar, to disqualify himself and withdraw from Saraki’s trial.

Saraki, had in his motion argued by his lawyer, Mr. Ajibola Oluyede, on Wednesday, asked Umar to disqualify himself on the grounds of likelihood of bias in the handling of the trial by Umar.

But in the ruling of the two-man panel of the CCT on Thursday, the tribunal held that the application “lacked absolute merit.”

It upheld the opposition of the prosecuting counsel, Mr. Rotimi Jacobs (SAN), to the motion, to the effect that contrary to Oluyede’s claim, the EFCC had cleared him of the bribery allegations.

“The AGF cannot prosecute without sufficient evidence from investigative agencies,” Umar said.

He added that the incumbent AGF, Mr. Abubakar Malami, had said he (Umar) had been cleared while appearing before a House of Representatives’ committee which was petitioned with respect to the bribery allegation.

He recalled that Malami told the committee that he (the AGF) stood by the March 5, 2015 letter of the EFCC to Adoke, indicating that there was no sufficient evidence to prosecute him (Umar).

He said, “The issue of having a case to answer before the EFCC is over.

“The application lacks absolute merit and it is hereby dismissed in its entirety.”

The CCT on Thursday adjourned till May 10 for further cross-examination of the first prosecution witness, Mr. Michael Wetkas, after Saraki pleaded not guilty to the 16 counts.

Defence counsel, Mr. Paul Usoro (SAN), had asked for three weeks adjournment to enable the defence team to “take further instructions” from their client and prepare for the case in view of the “fundamental and substantial amendment” to the original charges”.

But Jacobs insisted that the three weeks requested by the defence was too long in view of section 396 (5) of the Administration of Criminal Justice Act 2015.

The CCT panel said that it would strike a balance by adjourning for 10 days and then fixed the next hearing date for May 10.

Meanwhile, Saraki has appealed against the Thursday’s ruling of the Code of Conduct Tribunal in which it refused to disqualify Umar from further participating in the trial.

MondeLuv:
We're tired of self-praise and propaganda please. We want results!

fulaniHERDSman:
keep calm .... we are working #silently

Leeeekeeee:
The most useless Party in the world..

APC= African Propaganda Centre

The naira weakened slightly against the dollar at the parallel market on Friday as it exchanged at N321 to the dollar. Also President Muhammadu Buhari on Friday said that his reason for insisting on no further devaluation of Naira was that the recent ones never paid Nigeria any good.

The Nigerian currency lost N1 to the dollar from N320 rate on Wednesday. The naira also fell against the pound sterling and the Euro on Friday to N452 and N362, respectively from their previous rates of N450 and N360. The naira still maintained N197 to the dollar at the official CBN segment of the market. Traders said that activities in the market were still low due to late implementation of the 2016 budget.buhari-Naira They said that the budget would indicate the direction of the economy in 2016.

Also President Muhammadu Buhari on Friday said that his reason for insisting on no further devaluation of Naira was that the recent ones never paid Nigeria any good. The president who spoke while meeting with members of the Council of Retired Federal Permanent Secretaries, led by Otunba Christopher Tugbobo at the presidential villa, Abuja stated that he was yet to be convinced by anyone on doing the contrary.

“When I was military Head of State, the IMF and the World Bank wanted us devalue the Naira and remove petrol subsidy but I stood my grounds for the good of Nigeria. “The Naira remained strong against the Dollar and other foreign currencies until I was removed from office in August, 1985 and it was devalued. “But how many factories were built and how many jobs were created by the devaluation? “That is why I’m still asking to be convinced today on the benefits of devaluation,” he said.

President Buhari also accepted the Council’s pledge of support for the successful implementation of his administration’s change agenda, especially in the priority areas of improving security, curbing corruption and revitalizing the national economy. “I am glad you have rightly identified the key issues we campaigned on. “We need a dynamic bureaucracy which will not mislead us into taking wrong decisions,” the President said.

The Council of Retired Federal Permanent Secretaries was established in 2004 to serve as a platform for retired permanent secretaries to offer constructive advice to government on key policy issues. Also speaking, the Pioneer Chairman of the Council, Chief Philip Asiodu said that members of the council want the present Administration to succeed, stressing that Nigeria had already lost many opportunities for progress. “We are non-partisan. The interest of Nigeria is paramount to us and we are anxious that you should succeed,” Chief Asiodu told the President.

kachola:
we are talking of money frm federal Account, oga lets state petition the governors involved

searchng4love:
EFCC is a joke....an organisation that parades newspaper publications instead of getting serious with investigations.... if Wetklas were to be on my case I will just go to sleep....sound sleep.

olalat:
Was APC campaign fund withdrawn from cbn? U are part of the reasons things go perpetualy wrong in d nation.

DickDastardly:
Noi and Gej cant do anything anymore to turn around our fortunes. Its now buhari and kemi's onus. We are in economic disarray and the best place to start is to pass the budget asap. Buhari should as a matter of urgency and emergency gather all his people and the nass, quickly get that budget right and signed, from their we can continue our debate.
Modath you will agree with me that nothing is more pressing to Nigeria now than the budget getting straightened out and implemented asap. It will amount to naiviety for pmb to make anymore foreign travel without achieving this, as no serious country will take us serious with all this directionlessness, blames and lethargy in our approach to governance. The people's suffering increases daily and we must be seen to be emparthetic enough and not all this unnecessary political grand standing

Quakertellicus1:
The summary of the article can be encapsulated here...
What they don't tell you is that loosening foreign exchange controls works....for a while. If we are not earning enough forex to replace the forex lost by the loosening of the controls.....we could enter a state where our savings account is drained down to zero....and we are left with no option but to take a big fat IMF loan that would take decades to clear off again.
And we should also not forget the massive devaluation of the naira that would result...leading to marked increase in prices....and inflation.
The article is just a big and unnecessary advert for loosening the controls. While at the same time it pretends that there would be no side effects of loosening the controls. Bad economics...bad article.