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 Culture › Ijebu Man Can't Be Cheated - Oni Of Ife by Freegift75(op): 12:48pm On Jun 14, 2016 |
YOU CAN'T BEAT AN IJEBU MAN During the recent Oni of ife, Oba Adeyeye's trip to US, he observed that 70% of the population of the people Who welcomed him were Ijebu people. He was very thrilled and challenged. In an amusing manner, he made reference to a joke made by the Awujale of Ijebuland that an Ijebu Man can't be cheated. He said: An Ijebu engineer can't find a job so he opens a clinic and puts a sign outside 'GET TREATMENT FOR 20k - IF NOT CURED GET BACK 100k. A lawyer thinks this is a great opportunity to earn 100k and goes to the clinic... Lawyer: "I have lost my sense of taste" Ijebu man: "Nurse, bring medicine from box No. 22 and put 3 drops in patient's mouth" Lawyer: "Ugh..this is kerosene" Ijebu man: "Congrats, your sense of taste is restored. Give me 20k" The annoyed lawyer goes back after a few days to recover his money... Lawyer: "I have lost my memory. I cannot remember anything" Ijebu man: "Nurse, bring medicine from box No. 22 and put 3 drops in his mouth" Lawyer (annoyed): "This is kerosene. You gave this to me last time for restoring my taste" Ijebu man: "Congrats. You got your memory back. Give me 20k" and he pays! The fuming lawyer then comes back a week later determined to get back 100k. Lawyer: "My eyesight has become very weak" Ijebu man: "Well, I don't have any medicine for that, so take this 100k" Lawyer (staring at the cash): "But this is 20k, not 100k" Ijebu man: "Congrats, your eyesight is restored. Give me 20k" Don't you know that an Ijebu Man can not be cheated 1 Like |
| Politics › . by Freegift75(op): 8:27pm On Jun 11, 2016*. Modified: 8:43pm On Jun 11, 2016 |
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| Health › PHOTO: Separated Conjoined Twins 29yrs Ago Celebrate Their Doctor by Freegift75(op): 8:54am On Jun 05, 2016 |
https://www.washingtonpost.com/lifestyle/style/the-story-of-the-surgery-that-made-ben-carson-famous--and-its-complicated-aftermath/2015/11/13/15b5f900-88c1-11e5-be39-0034bb576eee_story.html More than any other moment in a dazzling career, the separation of the Binder twins launched the stardom of Ben Carson. The then-35-year-old doctor walked out of the operating room that day and stepped into a spotlight that has never dimmed, from the post-surgery news conference covered worldwide, through his subsequent achievements in his medical career, to publishing deals and a lucrative career as a motivational speaker — all paving the way to his current moment as a leading candidate for the Republican presidential nomination. In January 1987, Theresia Binder was eight months pregnant and suicidal. “I wanted to kill them and myself as well,” she said, according to Carson’s best-selling book “Gifted Hands.” She had just learned that her babies were stuck together and felt as if “a sick, ugly monster” was writhing inside of her. “I saw the babies [and] noticed only a huge head with two faces,” she told Bunte. “I thought: ‘My God, what will they look like, how will they live?’ ” She debated swallowing pills. She considered opening up the window of a tall building and jumping out. Instead, on Feb. 2, 1987, she gave birth to her boys. They weighed a combined 8 pounds and 14 ounces. They shared a head, but Theresia’s fear was replaced with a new emotion. “After studying the available information, I tentatively agreed to do the surgery knowing it would be the riskiest and most demanding thing I had ever done,” Carson wrote. “But I also knew it would give the boys a chance — their only chance — to live normally.” The Binder twins were lucky in that they had two brains. It meant that the surgery was at least feasible. “From the time we started discussing it, we all tried to keep in mind that we wouldn’t proceed with surgery unless we believed we had a good chance of separating the boys without damaging the neurological function of either baby,” Carson wrote in “Gifted Hands.” On Labor Day 1987, the 7-month-old twins — who, according to Newsweek had been “giggling and kicking since entering Hopkins on September 2” — went in for surgery. For four hours, heart surgeons inserted “hair-thin” tubes into their veins and connected them to heart-lung machines that would keep them alive through surgery. Plastic surgeons sliced into their scalp, removing the bone tissue that connected them. The cardiologists then cut open their chests and removed small amounts of tissue from their heart to use later to construct new veins. Doctors dropped the babies’ body temperature down to 68 degrees, stopping their hearts and allowing surgeons to operate without blood flow — the first time anyone had tried such a strategy for this type of surgery. A big clock on the wall counted down from an hour: Every minute without a heartbeat beyond the 60-minute mark threatened to cause irreparable damage to the boys. “When the hour is up, just turn the pumps back on,” Carson told his team, according to his book. “If they bleed to death then they’ll have bled to death, but we’ll know we did the best we could.” After Long gave him back his scalpel at the pivotal moment, Carson severed the primary thin blue vein that connected the twins. The doctors rapidly set about creating new veins from the heart tissue they had removed earlier. One twin was finished in 57 minutes, the other in 63. “It got pretty intense in there,” said Bruce Reitz, director of cardiac surgery, according to a Washington Post article from the time. “We tried not to look at the clock.” Separated for the first time in their lives, Benjamin and Patrick were placed in medically induced comas. The magnitude of this precarious success was lost on no one; a massive media scrum awaited the doctors as they emerged from the operation. “The success in this operation is not just in separating the twins,” said Mark Rogers, the director of the department of anesthesiology, at the news conference. “Success is producing two normal children.”
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| Politics › Remain On Strike If You Like, I Can't Sell Myself To Pay Salaries, Fayose Fires by Freegift75(op): 7:28pm On May 26, 2016 |
www.premiumtimesng.com/news/top-news/204132-remain-strike-like-i-cant-sell-pay-salaries-fayose-tells-striking-workers.html Workers in Ekiti State on Thursday began an indefinite strike over government’s inability to pay five months salary arrears and for failing to refund deductions made from their December 2015 salaries. The strike brought the state capital to a halt as government offices and public schools remained shut. But the state governor said for as long there was no money to pay salaries, he would have to wait for the workers to return. The state councils of the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and Joint Negotiation Council (JNC) had on Tuesday last week issued a 48-hour ultimatum to the government to pay the December deductions amounting to N512million or face industrial action. But the strike was overtaken by the national strike called by the NLC which was called off on Monday. Thursday’s strike followed the expiration of a fresh 24-hour ultimatum on Wednesday, after the government’s failure to accede to the workers’ demands. Other demands of the workers include the release of the staff audit and verification conducted in April 2015; disclosure of the monthly internally generated revenue; payment of arrears of salaries, pension and gratuities; payment of September 2014 salary to primary school teachers; and payment of 2014 and 2015 leave bonuses. The workers are also asking the government to implement the promotion for 2013, 2014, 2015; approval of inter-cadre transfer; remission of 10 percent IGR to local government and stoppage of Joint Allocation Committee account; resuscitation of LG staff pension fund and release of running grants to secondary schools and local governments. “Your Excellency Sir, we have remained calm since these days hoping that respite will soon come our ways, but hope is becoming a mirage. Besides, there is a limit to endurance,” said the labour leaders, in a letter addressed to the state governor, Ayo Fayose. The governor, while responding to the strike, said the state only got N751million allocation from the federation account. “I know workers have not been coming to work, but I don’t have the moral right to stop them . But I can only deploy what I receive from the federation account,” Mr. Fayose said. “If workers want to go on strike, I sympathize with them but we will be here waiting till when they come back. I can’t sell myself to pay workers. Even the government house where I live does not have diesel to power generator at times. “I want the workers and members of the public to show understanding. This is not about Ekiti, it is an issue that affects all of us.” |
| Politics › BIAFRA POUND Now Legal, Exchanges For N368 by Freegift75(op): 5:09pm On May 25, 2016 |
https://www./biafran-pound-legal-tender-west-africa-the-unknown-nigeria This was at Ilacondji, at the very frontiers of Benin-Togo. The vendor, a Togolese employee of the Fan Milk Company, a Nigerian international dairy firm, could speak some pidgin English and good French. He was obviously a well-travelled West African, who had probably worked in Nigeria and lived in Ghana. I needed to find out more about his Biafran Pound. “Mon ami”, I politely called him, “avez-vous dit que vous acceptez Livre du Biafra”? (Did you say you accept Biafran currency here?) “Oui”, he quipped, adding, “i lest legal ici au Togo et d’autres pays Francophones. Elle est belle et precieuse. Il est notre monnaie preferee” (It is a legal tender here in Togo and some other French-speaking countries in West Africa. It is beautiful. It is our favourite currency). I probed further: “S’il vous plait, pius je le voir? Quelle est la valeur a Naira? (Please, let me see it. What’s its value compared to Naira?) The response dazed me: “It is currently N368 Naira to a Biafran Pound!!!” This was the most explosive part. N368 Naira to an illegal currency of a non-existent state? Who could be behind this mint and which Central Bank is regulating and standardizing it to the extent of giving it such a global value? I took a snapshot of the money and handed it over to the Fanmilk vendor. I bought two products from him in Naira and looked around me to find out that a startled crowd was looking at me, JJC, who was just finding out for the first time that Biafran Pound was a major means of exchange in the Francophone frontiers in West Africa. The persons crossing the border like me were just wondering what drama I was putting up and soon took their eyes away from my spectacle the moment I bought my Yoghurt and allowed the poor vendor to be. For me, it was a moment of rare discovery. I was lost in thought, perturbed, worried at the deeper implications of the seemingly interesting finding I just made. Who is behind the Biafran Pound? Which Central Bank is printing and regulating it? Why is it a legal tender outside Nigeria? Why are Francophone countries, our so-called good neighbours and co-members of ECOWAS the ones recognizing and accepting it as a means of transaction? How come it has so much value, even higher than the British Pound and other western currencies? Who and what is Biafra in the present-day Nigeria? The journey to Aflao was characterised by mind puzzles. Could France, Nigeria’s biggest threat in West Africa be behind this pantomime? Could the Togolese government and its counterparts in Ivory Coast and other Francophone countries be boldly supporting the re-emergence of Biafra in order to break Nigeria? Are these governments doing the bidding of France, their master or is it their own hideous agenda to reduce the power and influence of the giant around them? If not, why are these governments allowing the Biafran Pound, a symbol of decapitated and emasculated Nigeria, to be a legal tender in their territories? If the governments are not aware, the citizens and other persons using the coastal trade routes in West Africa would not accept and spend the Pound. Is the Nigerian government even aware of this development? If not, what then are our embassies and Ambassadors in these countries doing? Do they have any business in those countries if they could not detect and report home such delicate developments that can affect the very foundations of the Nigerian State? Is President Buhari even aware of all this nonsense going on around his sovereign state? My discovery at Aflao was more worrisome. Ghana, a supposedly most trusted fellow Anglophone country also recognizes and accepts the use of the Biafran Pound as a means of exchange! However, most Ghanaians and Nigerians of Igbo origin, I learnt, use the currency discretely. They are not as brazen about it as the Togolese, Beninoise and Ivorians. But the Biafran Pound is the most popular currency in Ghana. My take on the Ghana episode is that the “friendly” government of that country cannot claim it does not have any security report about a Biafran Pound-business that is said to be as old in Ghana (Aflao in particular) as immediately after the Civil War. On return to Nigeria, I approached some senior Igbo colleagues in the academia, narrating my encounters and expressed my worries. Concerned but not new to them, they explained that it had been an old development, which has however gained momentum in more recent times. I was made to realize that the Igbos have not yet given up on “Biafra” and that there are grand plans to “regain” their independence. I gathered that the Pound had been a collectors’ item, which, ipso facto, would give it a lot of value, but explained that the tenability of the currency along the West African coastline is the machination of some powerful and unrepentant “Biafran leaders”, whose international goodwill and connections have pervaded West Africa and beyond. But, the situation is an embarrassment to Nigeria, its government and people. It is more worrisome than Boko Haram because the popularity and value of the Biafran money simply means that a break-up is already established and recognized, or is “at best”, imminent. So, while the West African leaders smile to Abuja, praising and hailing Nigeria as a giant and dependable neighbour, they go behind and mock the country, gleefully sipping wine as they manipulate its disintegration and watch the ignorant and idiotic giant cracking and bound for a collapse. President Buhari is trusted to handle this matter with fiat. The embassies of Nigeria in Benin, Togo, Ghana, Ivory Coast and other places where the Biafran Pound is acceptable must be called to account for their negligence and dereliction of duty. The Foreign Ministry should be called to question and the Nigerian military/intelligence attaches in these countries must be fired immediately. The Federal Government must invite first, the ambassadors of these countries and later the leaders and sit them down in Abuja for a hard talk. The Igbo separatist leaders must be apprehended and an international network promoting the secessionist bid, through symbols, insignias and the Radio Biafra must be brought to the table for another round of hard talk. President Buhari must take advantage of the visit of the UN Secretary- General, Ban Ki-Moon to address the issue of UN recognition of belligerents, which has been a factor goring the Biafran secessionist bid and indeed the acceptability of the currency of a non-existent state. By Dr. Sheriff Folarin . A Senior lecturer at Covenant University Ota Ogun State. |
| Politics › Re: WARNING: Exactly 27yrs Ago When NANS Lost 150 Students In Riot Against Ibb's SAP by Freegift75(op): 11:32pm On May 15, 2016 |
www.thirdworldtraveler.com/Structural_Adjustment/GlobalResist_StrucAdjust.html ZARIA May 1986 About twenty students and bystanders at Ahmadu Bello University (ABU) in Zaria were massacred by security forces after staging peaceful protests over impending introduction of SAPs. BENIN They at first embarked on a peaceful protest round some Benin streets and later in the day, they were granted audience by the state military governor, Colonel Tunde Ogbeha, who, when shown copies of the handbills, tried his best to repudiate allegations contained in them. But the next day, the protest turned violent, claiming no fewer than six lives. Among the dead were a policeman allegedly lynched by the rioters and a 15-year-old boy who was shot at close range by riot policemen at the New Benin Market area. After the dust settled on the hullabaloo, about 15 persons were placed on danger list at the University of Benin Teaching Hospital. LAGOS/IBADAN So, by 4am on Wednesday, May 30, the UNILAG students, as in the days of the locust, trooped out of their Akoka campus, marching through Abule Oja to Moore Road before connecting Yaba College of Technology where they mobilised fellow students in the country’s premier technology institution. From YABATECH, the assemblage of angry students broke into groups and headed for various parts of Lagos to execute a mass action and make the city ungovernable. The platoons of rioters at their various beats in Lagos went into primary and secondary schools and conscripted pupils and students respectively, to participate in the protest. Woe betides any school head or teacher that tried to stop them. This action sent panic into parents, who ran helter-skelter in the streets, in search of their children. The rioters who had by now been joined by other youths and street urchins otherwise known as ‘area boys’, barricaded major roads and made bonfires which billowed into the sky in a joint, thick haze of fume. This naturally paralysed all commercial activities, as commercial motorists also withdrew their services. Public workers, artisans, traders and others had tales of woe to tell as they trekked long distances amid fear of possible attack. The rioters who chanted various slogans and war songs which included Babangida Must Go!, SAP Must Go!, apart from making bonfires, also set fire on official buildings and vehicles that belonged to government or those not in solidarity with the riot. To show solidarity, everyone in the street had to hoist leaves or have them tacked to their vehicle’s bonnet. The Lagos-Ibadan expressway which linked Lagos, Nigeria’s commercial nerve-centre with other parts of the country was barricaded thus causing untold hardship to travellers many who trekked long distances. Others simply broke down. Riot police though initially caught off-guard at the effective mobilisation and execution of the riot, later buckled up as they reinforced from their various divisions and units, meeting the rioters ‘fire for fire’. At best, the rioters were armed with sticks, clubs, knives, cutlasses and cudgels. In isolated cases, some came out with dane guns. But the police responded first by shooting canisters of teargas but gravitated to the use of guns with rubber bullets. But as the riot intensified in severity, they began to shoot live bullets at the protesters, resulting in many casualties. When the dust cleared, no fewer than 10 civilians were killed while over 700 others were seriously injured. As Lagos was ‘burning’, a similar scenario was taking place in Ibadan, Oyo State. Though the poor economic condition in the country ascribed to the SAP policy and the revelations in the handbills also influenced the students of the University of Ibadan (UI), it was learnt that a local factor was a remote cause. On May 23, there was a students’ parliamentary meeting which was disrupted when a teargas canister was shot into the gathering. The meeting ended abruptly as everyone ran for dear life, to the anger of its conveners. Before the disruption, the students had gathered to discuss a case of one Mike Uyi, said to have been a student in the faculty of education for 10 years. The students said Uyi was an agent of State Security Service (SSS) and called for his expulsion. The students said Uyi must have been the brain behind the disruption of their meeting. The alleged SSS agent was the national president of Students Peace Movement of Nigeria and also, the leader of another group known as Peace Commando. The students marched to Uyi’s room at Sultan Bello Hall, packed out his property and set them ablaze. Hours after the incident, the students’ affairs officer of the university wrote a query to the students union, on the burning of Uyi’s property. Swiftly, the union replied the query, giving the authorities a 72-hour ultimatum to expel Uyi or face dire consequences. While the ding-dong continued, on Sunday, May 28, the students met with the state governor, Colonel Sasaenia Oresanya, demanding among other things, the expulsion of Uyi, the scrapping of SAP and that government must subsidise education. The students alleged that Uyi was actually a police officer and that his real name was Harrison Ugbile. So, from the next day, the students declared indefinite lecture boycott and as early as 6am same day, the union leaders had mobilised them for mass protest. But the protesters were repelled by policemen who fired teargas canister. However, some of the students detoured and launched out through the Ibadan Polytechnic exit and poured into the streets. They were joined by thousands of others who included hoodlums and butchers. Though there was disputation on the Ibadan casualty figure, it was widely reported that two students of Loyola College, Ibadan, were killed. One basic factor in the riots which also occurred in many other parts of the country by students in higher institutions was that the students’ main umbrella body, the National Association of Nigerian Students (NANS) had given a May 29 ultimatum to the Federal Government to scrap the SAP. The expiry of the ultimatum snubbed by the government apparently engendered a nationwide mass upsurge of riots on the campuses. Though this was without prejudice to other local factors. www.nationalmirroronline.net/new/anti-sap-students-riots-that-shook-ibb-government/ |
| Politics › WARNING: Exactly 27yrs Ago When NANS Lost 150 Students In Riot Against Ibb's SAP by Freegift75(op): 11:05pm On May 15, 2016 |
-------------------A WORD FOR THE WISE--------------------- It's exactly 27yrs ago, May 1989 when NANS declared total war against SAP programme of Gen Ibrahim Babangida. I was in Form 3 in Secondary School, MOLUSI COLLEGE (Only The Best) Ijebu Igbo, when Ogun State University Students on riot patrolled to our school and flushed all of us out to join the riot. We proceeded to Police Station at Atikori, Opposite then Afri Bank to face the Police. One thing I could remember vividly was that we eventually burnt the station but three students lost their lives while several injured. This is another MAY EDITION of 2016 and NANS has declared total showdown as well. 27yrs Ago, over 150 students lost their lives nationwide. Please Nigerian Students, if you as a result of Foolishness die today, Nigeria will move on. BE WISE - Shun RIOT READ DETAIL REPORTS BELOW www.refworld.org/docid/3ae6ad8d14.html 2 Likes 4 Shares |
| Politics › Re: Buhari Unveils N.5 Trillion Economic Palliative Package by Freegift75: 10:23pm On May 15, 2016 |
Time to silence the NLC mouth. Buhari - a surprise maker. Always giving the wailers serious aching. The numskull NLC should negotiate for minimum wage and not strike. For intelligent readers, you will discuver that Buhari has made provision for increament of minimum wage. He proposes N23k to N30K. Check out the article well. Five hundred thousand unemployed graduates, the presidential aide added, will be paid between N23,000 to N30,000 per month. They will be trained and deployed to work as volunteer teachers, public health officers, and extension service workers among other responsibilities. NLC should wake up |
| Politics › Re: SUBSIDY REMOVAL: Buhari Rolls Out N.5 Trillion Palliative Package by Freegift75(op): 9:43pm On May 15, 2016 |
Time to silence the NLC mouth. Buhari - a surprise maker. Always giving the wailers serious aching. The numskull NLC should negotiate for minimum wage and not strike. For intelligent readers, you will discuver that Buhari has made provision for increament of minimum wage. He proposes N23k to N30K. Check out the article well. Five hundred thousand unemployedNLC should wake up 1 Like |
| Politics › SUBSIDY REMOVAL: Buhari Rolls Out N.5 Trillion Palliative Package by Freegift75(op): 9:34pm On May 15, 2016 |
www.saharareporters.com/2016/05/15/buhari-unveils-n5-trillion-economic-palliative-package- The Federal Government has unveiled a social investment package designed to impact on the lives of over eight million Nigerians. This was disclosed on Sunday by Dr. Laolu Akande, Senior Special Assistant (Media and Publicity) to the President, during an interactive session with journalists in Abuja. Akande explained that some parts of this package would become operational in the coming weeks. One of the highlights of the package, said Akande, is the feeding of 5.5 million school children, who are to be fed for 200 school days in the first phase of homegrown school feeding programme for which N93.1billion was budgeted. Another element of the package is the proposed provision of soft loans to over 1.76 million traders, market women, men, artisans and those involved in agriculture. The loans, he explained, will not require to be conventionally collateralized. Some traders, he said, may get about N60,000. A total sum of N140.3billion has already been appropriated for this in the budget. Also, one hundred thousand artisans are to be trained in a programme for which N191.5 billion has been budgeted. Also, one million desperately poor and vulnerable Nigerians are to be paid N60,000 stipend this year in a monthly installment of N5000. Five hundred thousand unemployed graduates, the presidential aide added, will be paid between N23,000 to N30,000 per month. They will be trained and deployed to work as volunteer teachers, public health officers, and extension service workers among other responsibilities. Beneficiaries of the scheme will also be given electronic devices to empower them technologically both for their assignments and beyond. In tertiary institutions, 100,000 tertiary students in Science Technology Engineering & Mathematics (STEM) and Education, Akande further disclosed, will benefit from education grants for which N5.8billion has been already provided for in the budget. This payment, he added, will be directly made to the students. "When added together this year alone, more than 8 million Nigerians would be benefiting from the Social Investment budget. "Long before now, the Presidency has made adequate arrangements in the 2016 budget to ensure that Nigerians are lifted from poverty and hardship," said Akande, who operates from the Vice President's office. He added that jobs would be created by the launch of fresh infrastructural projects and restoration of existing ones. "The Buhari presidency is keen to ensure that Nigerians are lifted and that if necessary, on an ongoing basis, palliative measures would always be considered to address the conditions of the people," he declared. SAHARAREPORTERS, NEW YORK |
| Christianity Etc › Bishop Oyedepo Receives 700 Cars As Offering From Worshippers by Freegift75(op): 6:46pm On May 15, 2016 |
Bishop Oyedepo receives 700 cars as offering from worshippers By Bisola Adeniran @dailypostngr According to some sources, during Winners Chapel Cross Over service on Tuesday January 1st in Canaanland, Ota, Ogun state, worshipers of the church made donations of over 700 exotic cars to the church. People who felt they had been richly blessed came to the cross over service with different donations, most significant were the number of exotic brand new cars and SUVs that flooded Canaanland. The people who donated them dropped the car keys and documents during offering. The church auctioned the cars at very cheap prices to its members. Some cars were sold for at less than N300k. |
| Business › Dubai Banks Order Closure Of Nigerians' Accounts by Freegift75(op): 6:30pm On May 15, 2016 |
Lagos — A diplomatic row seems imminent between the United Arab Emirates (UAE) and Nigeria, following a directive by the country's central bank prohibiting Nigerians who do not work there from operating accounts in any branch of their local or foreign banks.http://allafrica.com/stories/201505100033.html 6 Likes |
| Politics › Re: Fuel Price: NLC To Begin Strike Wednesday by Freegift75: 10:16pm On May 13, 2016 |
There is nothing like #occupyNigeria#. It is general Strike - said NLC. But this is just a mere gra-gra, no joke of the season. Before that slated wednesday, there would have been penetration from all angles. Watchout, Strike will never hold - quote me 18 Likes 1 Share |
| Politics › Buhari Bows To IMF Pressure, To Devalue Naira 290 To Dollar by Freegift75(op): 8:50pm On May 13, 2016 |
www.saharareporters.com/2016/05/13/buhari-bows-imf-pressure-devalue-naira-290-dollar After months of insisting that he had no plans to devalue the naira, President Muhammadu Buhari has caved to pressure to change course; SaharaReporters has learned from an exclusive briefing by a few top aides of the president. A day after the Buhari administration increased the price of the pump price of fuel by 67%, from N86.5 to N145 a liter, our sources disclosed that Mr. Buhari has also agreed to demands by the International Monetary Fund (IMF) that he significantly devalues the Nigerian currency. Our sources indicated that the naira would be pegged at N290 to one dollar. The current official rate is about N200 to a dollar. Our sources said Mr. Buhari and his economic team took the decision to accept the IMF’s terms for funds that the Nigerian government wants to access to bridge a critical shortfall in revenue occasioned by a drastic decline in oil revenues. An administration insider told SaharaReporters that Nigeria could receive as much as $3 billion in credit facilities from the IMF. “The truth is that Nigeria cannot operate without sourcing credit from the IMF,” said one of our sources, an economic adviser to Mr. Buhari, who spoke on condition of anonymity. “And the IMF was adamant that we must devalue before they can discuss extending credit to us,” he added. Curiously, administration officials took the decision to devalue the naira without the input of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, another source revealed. An official of the CBN confirmed to Saharareporters that bank executives were kept in the dark about the discussions that led to the Buhari administration’s decision to devalue the naira. “Some of us here [the CBN] are not opposed to devaluation, given our country’s present circumstances,” the source said, adding that it was the CBN’s function to pilot Nigeria’s monetary policies. One of our sources pointed to the fact that the naira has been weakened in the parallel market, where it now sells at N360 per dollar. “The government cannot continue to operate under the illusion that the naira is stronger than it is. The only problem is that we did not start early enough to admit to Nigerians how bad the financial outlook was,” the source added. The Nigerian economy has been pummeled by falling oil earnings that have led to a near collapse of the economy. The IMF had long indicated its readiness to support Nigeria’s economy with credit liquidity but insisted on Nigeria devaluing its currency. President Buhari had insisted on numerous occasions, before and after his election, that he would never devalue the naira. It is unclear how Mr. Buhari and members of his economic team plan to justify the about-turn on devaluation and other policy somersaults. After initially vowing to reduce the price of fuel, the government yesterday announced a significant hike in fuel price. The administration also set to announce a 10% increase in value-added tax (VAT), another indication that the Buhari government was embracing the kind of liberalization pushed by the IMF. To compound dwindling oil prices, militants in the oil-rich Niger Delta region have crippled oil exports substantially after bombing oil pipelines and issuing threats to oil companies to leave the region. Last week, several oil companies evacuated essential staff from the region’s offshore platform leading to a reduction in daily oil outputs from 2.2 million barrels a day to 1.3 million barrels a day. SAHARAREPORTERS, NEW YORK |
| Politics › SUBSIDY REMOVAL: FG Breaks Silence - Releases Official Statement by Freegift75(op): 7:01pm On May 13, 2016 |
www.premiumtimesng.com/news/headlines/203381-presidency-breaks-silence-explains-hike-fuel-price.html Read his full explanation below. THE FUEL PRICING DEBATE: OUR STORY
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| Politics › Re: I Never Heard The Word "Padding" Until This Year - Buhari by Freegift75: 6:42pm On May 13, 2016 |
Donpizzle:Thank you I be OLODO, shame on you wey be graduate. Illiterate be your remote control. Na Mario song I go sing for u. Tirin taran tirin |
| Politics › Re: Nigerian Ministers And Their Phone Numbers As Released By Sahara Reporters by Freegift75(op): 6:28pm On May 13, 2016 |
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| Politics › Re: Nigerian Ministers And Their Phone Numbers As Released By Sahara Reporters by Freegift75(op): 6:25pm On May 13, 2016 |
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| Politics › Nigerian Ministers And Their Phone Numbers As Released By Sahara Reporters by Freegift75(op): 6:23pm On May 13, 2016 |
SaharaReporters on Friday published the phone numbers of 15 of Nigeria’s Federal Ministers on Facebook and Twitter as part of its efforts to enhance governmental transparency and accountability in the country.http://saharareporters.com/2016/05/13/exclusive-saharareporters-releases-first-batch-ministers-phone-numbers 7 Likes 7 Shares
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| Satellite TV Technology › Re: FTA Live Football Matches Announcement Thread by Freegift75: 6:43am On May 13, 2016 |
Pls how can I get Sport24 on srt4999HD. Pls help your brother |
| Satellite TV Technology › Re: Free To Air Satellite Tv General Thread by Freegift75: 6:28am On May 13, 2016 |
Pls I get Multi TV- SRT4999HD decoder but I get FOX SPORT 1 & 2, REAL MADRID but all are scramble. Even most channels received are scramble. Can someone help me out? The decoder has no where to change any KEY. Pls kindly help out |
| Politics › Re: TUC Reacts To New Fuel Price by Freegift75: 2:39pm On May 12, 2016 |
Shameless TUC. 4 Likes 1 Share |
| Politics › The Lying President - Enough Of The Mockery by Freegift75(op): 2:03pm On May 12, 2016 |
BUHARI MOCKING NIGERIANS On May 6, when President mohammad signed 2016 budget, he assured Nigerians that living in the State House hasn’t alienated him from the realities of everyday life in the country. He promised Nigerians on the economic policies that will alleviate hardship in Nigeria. He concluded by saying "I Hear your Cries & I feel your PAINS - said Buhari Just five days later, Buhari betrayed Nigerians by swallowing his faeces, removing subsidy which is against his promise of alleviating hardship. Now our eyes are opened, Buhari should stop telling us he is feeling the pains we are feeling. It's mockery! When was the last time he queued to buy fuel? when was the last time he board cab or okada? when was the last time he payed NEPA bill? When was the last time he bought tomatoes? When was the last time he experienced blackout? It's an affront to tell us he feels our pains while an average Nigerian lives below $2 a day. What is he saying?? Mocking Nigerians? He should stop deceiving us......... THE LYING PRESIDENT |
| Politics › Re: Fuel Price Hike: Confusion, As NLC And TUC Disagree On The Way Forward by Freegift75: 11:08am On May 12, 2016 |
After ghana must go bag delivered, confusion surfaced 1 Like 1 Share |
| Politics › 'God Answers Prayers Faster In Ogun State' - Governor Amosun by Freegift75(op): 6:42am On May 12, 2016 |
Ibikunle Amosun, governor of Ogun state, says of the 36 states in the country, Ogun is the place wherehttps://www.thecable.ng/amosun-prayers-answered-faster-ogun-state 2 Likes
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| Politics › SUBSIDY REMOVAL: NLC Talks Tough, Says We Will Resist by Freegift75(op): 9:36pm On May 11, 2016 |
www.premiumtimesng.com/news/top-news/203264-nlc-talks-tough-says-shall-resist-increase.html The Nigerian Labour Congress on Wednesday said it would resist the federal government’s scrapping of fuel subsidy and increase of petrol price to about N145 per litre. “The unilateral increase in prices of petroleum products today by government represents the height of insensitivity and impunity and shall be resisted by the Nigeria Labour Congress and its civil society allies,” the congress said, through a statement by its General Secretary, Peter Ozo-Eson. The statement added, “With the imposition on the citizenry of criminal and unjustifiable electricity tariff and resultant darkness and other economic challenges brought on by the devaluation of the Naira and spiraling inflation, the least one had expected at this point in time was another policy measure that would further make life more miserable for the ordinary Nigerian “The latest increase is the most audacious and cruel in the history of product price increase as It represents not only about 80 per cent increase but it is tied to the black market exchange rate. “Further more, the process through which government arrived at this is both illogical and illegal as the board of the PPPRA is not duly constituted. In our previous statements and communiques, we had stressed the need for reconstituting the boards of NNPC and PPPRA and wean both away from the overbearing influence of the Minister of State for Petroleum Resources who has assumed the role of a Sole Administrator. “The allusion to the fact that the this increase was arrived at after due consultation with stake holders is not only ridiculous and fallacious, it goes to show that the brief meeting held today during which government was advised shelve the idea until at least it meets with the appropriate organs of the Congress was in bad faith. “Accordingly, we urge the government to revert the prices to what they were. We would want to put everybody on notice that we shall resist this criminal increase with every means legitimate. “Already an emergency NEC meeting has been scheduled for Friday, May 13, 2016 to decide on the next line of action. Meanwhile, our affiliates, state councils and civil society allies are requested to commence mobilization immediately.” |
| Politics › LIBERATION: SUBSIDY REMOVAL- Facts You Need To Know by Freegift75(op): 7:51pm On May 11, 2016 |
www.africanoutlookonline.com/index.php?option=com_content&view=article&id=3602%3Aremoval-of-fuel-subsidy-in-nigeria-what-you-need-to-know&Itemid=645 SUBSIDY REMOVAL - A Liberation We have been praying and asking that Nigeria economy be restructured away from waste and corruption; Nigeria’s last chance to stay together and achieve her goals was snatched by President Muhammad Buhari, with one stroke by Subsidy removal, and some clamour to go on Strike! Well, You know more than I do that CHANGE cannot be painless. Pain with hope is better than pain without hope. Joining the global economy and cashless society will boost merit over mediocrity. The pain arises from long dependence on a system of economy that is unsustainable in the new time. So let us face it now. Let us properly differentiate society by restricting movement to those who really should move while others can stay to till the land! MORE iMPORTANTLY NEEDED NOW What we need is more education on what is happening! The fuel subsidy is one way that our military leaders used to keep us down thereby distorting our economy and making us unable to key into the emergent global economy. A section of the country abhors competition and merit and so they sustained it thereby depressing Naira value and making Nigerians only 419 pariahs in global trade. But to be relevant in the global economy you must be competitive. Subsidy is a facade a smokescreen for inefficiency and corruption by the unenlightened who want to rule over the educated! It gives them the room to bunker fuel and refine in foreign countries giving away Nigerian jobs and selling currency at the black market to rule Nigeria while poverty and unemployment reign. We cannot continue to pick crumbs in a table richly laid for us by God! We must learn not to depend on such bait of Boko Haram or we would be subsidizing our slow demise in the hands of an un-Godly set of people. SUBSIDY REMOVAL, A Blessing Subsidy withdrawal is a far-reaching restructuring strategy. It tackles existence of distortions in the Nigerian Economy. You may subsidize agriculture but not fuel because it has far-reaching negative effect on stratification of society, which is vital for spiritual harmony aside from creating soft money for the smart and privileged people, this time the retired Generals, who could buy up the privatized institutions. The result is that subsidy money goes into unproductive side of the economy encouraging the production of pure water billionaires like those rated from Nigeria by Forbes. EFFECT OF SUBSIDY What subsidy does to Nigeria is to create an imbalance in the economy allowing everyone to go into bunkering, raising private armies, jetty ownership, private jets and every other endeavor antecedent to it. They build private refineries in foreign countries employing as much as 20000 foreigners while our own refineries remain less competitive going by the subsidy we pay outsiders. It explains why Nigerians have developed the economies of neighboring African countries where electricity is more stable because it helps to sustain their refineries so they could smuggle in the products or sell to us at high prices thereby requiring higher and higher subsidies. WORDS FROM THE TOP “Mr. President urged Nigerians to appreciate the difficulties this nation is going through, particularly in the economy. As FEC, “we are not here to punish Nigerians, we are from the people, we know the discomfort that is going on right now, we totally empathize with Nigerians and we want to reassure the people that the measures that have been taken is for the greater good of the people of Nigeria and citizens”. Nigerians should also watch in the next couple of weeks how government is going to move quickly to implement the various activities from the subsidy reinvestment and empowerment program. |
| Politics › UK Banks Fuel Corruption In Nigeria - New Report Reveals by Freegift75(op): 7:17pm On May 11, 2016 |
www.nidosweden.org/uk-banks-encourage-corruption-in-nigeria-new-report-reveals UK BANKS ENCOURAGE CORRUPTION IN NIGERIA, NEW REPORT REVEALS A NEW report by an international watchdog, Global Witness, has accused banks in the United Kingdom of encouraging corruption in Nigeria and some other countries. The report listed the banks as Barclays, NatWest, UBS, and HSBC. It said this had raised questions about their commitment to tackling financial crime. The watchdog said the banks had been helping politicians to keep funds stolen from their countries. This was in spite of their indictment in the laundering of funds stolen from Nigeria by former dictator, Gen. Sani Abacha, in the 1990s. It also outlined how both former governors and their suspected accomplices moved money from Nigeria to these banks. The report demanded an end to the acceptance of ‘dirty money’ by UK banks. “Without access to the international financial system, it would be much harder for corrupt politicians from the developing world to loot their national treasuries or accept bribes. By taking money from such customers, British banks are fuelling corruption, entrenching poverty and undermining international development assistance. “Global Witness has found that Barclays, HSBC, RBS, NatWest and UBS held accounts for two former Nigerian state governors, Diepreye Alamieyeseigha of Bayelsa State and Joshua Dariye of Plateau State. These men funnelled dirty money into the UK, spending their ill- gotten gains on sustaining a luxury lifestyle, in stark contrast to the poverty of ordinary Nigerians. “The Nigerian government took the governors to court in London to recover their illicit assets. The cases were successful and British judges ordered their UK assets to be returned.” The report said the banks were supposed to have tightened up their procedures since the Abacha saga, adding that its investigation revealed that they had not done enough. It urged the UK regulator, the Financial Services Authority, to “do much more to prevent banks from facilitating corruption. As yet no British bank has been publically fined, or even named, by the regulator for taking corrupt funds, whether willingly or through negligence.” It said this was in ‘stark contrast’ to the United States where banks had been fined hundreds of millions of dollars for handling dirty money. “The FSA is due to be abolished next year. Whichever organisation takes over regulating the banking sector must take corruption seriously. “Banks that accept corrupt funds should be named, and if it is found that they acted negligently, heavily fined. Banks also needed to be provided with more information about how to spot corrupt money,” the report said. Global Witness noted that the UK had centered its aid to poor countries on budget cuts while its banks were sustaining practices that were inimical to development assistance. Source: Codewit World News |
| Politics › Fani-kayode To Spend 14 Days A Renewable Order In EFCC Custody by Freegift75(op): 1:00pm On May 11, 2016 |
www.ogtv.com.ng/efcc-gets-order-to-hold-fani-kayode-for-14-days/ The Economic and Financial Crimes Commission has obtained a remand order to keep a former Minister of Aviation, Chief Femi Fani-Kayode, in custody for the next two weeks. The remand order is, however, renewable after 14 days depending on the outcome of investigations. Fani-Kayode is being investigated by the EFCC for allegedly receiving N840m when he was the Director of Publicity for the Goodluck Jonathan Campaign Organisation in 2015. The money, which Fani-Kayode confessed to receiving, was said to have emanated from the account of the Central Bank of Nigeria. The commission had recently frozen the ex-minister’s Zenith Bank account with number 1004735721 domiciled at Maitama, Abuja. Fani-Kayode had told our correspondent that the PDP leadership gave him the impression that the money was sourced from private individuals. He said, “I served as the director of publicity of the Jonathan campaign organisation and I was told to set up an account for the directorate, which I did. I never received money from the CBN but like all the other directors, we received money from the director of finance.” However, a detective told our correspondent that the EFCC was working on the assumption that the ex-minister might have received more than N840m. The source said, “Besides the N840m that Fani-Kayode admitted to receiving, we believe he got more. Thanks to BVN (Bank Verification Number), we can trace all other accounts that he has. We will trace the transaction history and see how much he truly received and how much was from the public funds. “There are other petitions against the former minister and he will be grilled. In the coming days, we will reveal the outcome of investigations.” When asked if the investigation of the former minister was a witch-hunt as alleged, the detective said such excuses were not tenable in court. https://cdn.pmnewsnigeria.com/wp-content/uploads/2010/05/Fani-Kayode-in-Court-270x336.jpg 1 Like 1 Share |
| Satellite TV Technology › Re: Free To Air Satellite Tv General Thread by Freegift75: 10:04am On May 11, 2016 |
Pls for the fact that I get almost 90% signal, most of the channels don't show and some even show scramble channels. Pls what could cause it? I beg |
| Politics › Re: FG Offers Amnesty To Bokoharam But Death Penalty To Kidnappers: Why? by Freegift75(op): 10:36pm On May 10, 2016 |
I just researched to discover that the penalty for RAPE is life imprisonment. Why is terrorist be pardoned? The 800 bokoharam members they had committed series of gruesome murders, why amnesty? |
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