₦airaland Forum

Point of no return!

Enyeama is the man of the match! What a miss!

Whew! What a relief!

LagerBeer needs to come up with sumn o!

messi!!!!

Methinks now is the time for a card for these Argentines. . .  They are are getting way too rough

Yeeh!!! What a loss!!! That pregnant man is at it o!!!

Another Corner!

[quote author=Akanbi_edu link=topic=459050.msg6180021#msg6180021 date=1276074572]You don't have to mention aboki specifically for us to know your mindset.

It's like some guys didn't read the post before commenting:[/quote]In other words, you are insinuating. . .

The issue I raised was not selective to Mr Sanusi. It is an anomaly thing that has become a norm over the years.
Cut the anomaly out if indeed you want to impact.

That's all I said. . . I dunno where the Abokilized insinuation came from

Dis Guy:
is that what you employed him for? what has obaseki, obj and several southerners in charge of petroleum sector done with regards to the bolded part? when Aganga, G jonathan, soludo said the same thing it makes sense when aboki man says it you dismiss it

Sir,

I just looked through my post again and I did not see any part of it indicating an aboki's perspective. This is not the first time I've commented on the continuous removal of fuel subsidy.

I'll plead with you not to tribalize this thread, so sensible comments can come in.

One last thing: Was he employed for the Power & Aviation industry? I guess your response 'll be 'No' But have you observed how much he has made available to these industries recently?
Ponder on that, then you'll prolly understand my points above.

Thanks

Was it not the same subsidy that has been regularly removed over the years which was responsible for the increment in the pump price of petrol from N3.50 => N11 => N22 => Forty something => N70 and then N65 because the barrel price dropped internationally?

If it wasn't subsidy that was removed, why the astronomical price increase(s)?

If it was subsidy, how come it is being removed over and over again? Does it have a way of creeping in through the back door?

If that is the trend, methinks subsidy will be removed now (again), and in a few years, someone'd come up saying govt has been subsidizing all along! Subsidy woulda crept in again.

The earlier we stop importation, outsource the refineries, build and outsource more refineries, we are still coming back to this same spot.

So dear Mr CBN [s]'Big Mouth, Press Loving, Attention Seeking'[/s] Governor, if you have so much energy (and resources, I hope) to spare, you might wanna pay attention to the bolded part above and let us hear word, abeg.

LWKMD!

Errr. . . Am I missing sumn?

Maybe I'm a bit slow; but from the topic, is the interview not supposed to be with Jonathan & not Sanusi?

The quality of reporting ain't impressive. Whoever edited that piece? Grammar errors, typos. . .

^^^^^

Mos def. . . On your side, that is!

[quote author=tpia. link=topic=11839.msg5994829#msg5994829 date=1272945033]^^ its a yoruba thing- dont worry about it since its not your comfort zone

any particular reason why you resurrected a three year old thread to ask about what you can easily google? Did someone invite you to their party?[/quote]

platinumnk:
A simple answer would have just sufficed, instead of stirring dust where there is none.
I just asked a simple question.




Never mind- I dont care anymore.

Women!

Wonderful creatures, aint they?

They can pick up quarrels outta nothin. . .     

0hsisi:
See me see wahala.
My point is very clear but cantell chose to listen to the demons speaking in his head
Is it my fault?

0hsisi:
Your father can be the high priest of Okija and Ijebuode shrines combined
Who cares?
abeg comot
If you want me to break down my writing in central Igbo,let me know

Econet line 2002 - 14k, (I use the number till today), Samsung N500 (Blueface without the Antennae) 18k.
Phone got stolen before the year was over.

2008 Mtn - N200

You missed VODACOM!
It should go

daralex007:
ECONET>VODACOM>VMOBILE>CELTEL>ZAIN>AIRTEL>BANGATEL, dem no dey tire?

Has there been media trials?

Yes.

Was CBN in conjunction with EFCC in these media trails?

Yes.

Should the media trials stop?

Yes.

That, my friends should summarize all the post is talking about.

Meen! Can't believe this was badgered on all through the nite. Don't u guys ever get some rest?

Well said, biina.

Like I always say, lets wait and see. . . Except that the tide 'n market waits for no one. Lets wait and see.

Oops, my bad. 

So, is all Sanusi trying to achieve is the Asset Management Company Bill?

Just to get it straight (I learn daily concerning financials) does that (the passage of the AMC bill) put an end to all this hullaballoo about economic standstill?

^^^

Biina has made his point over and over again. . .
Sanusi's agenda'll prolly mature in 10-15 years. Then we'll be greatful for his actions today.



Lets just hope we all would not have died of hunger by then

Sept 1st!!!

martyns303:
@ps. I'll tell u a little story abt myself. I used 2 date dis gurl vivian, she used every opunity 2 let me knw hw much she loved me but as a guy i keep formin big boi, den tins got outta control n she left, i dnt feel it for 2 months den my reality set in. I tried callin her 2 make up but notin, i stated goin 2 her house 2 appologize still notin den i started googling on hw 2 get back a lover n applied everything i read still notin, i asked friends 2 talk 2 her den she finally opened up dat she now have a fiance who cares n dat she just can't trow dat away n dat if i really care abt her i shld be happy 4 her. Men i tot i was going 2 die expectially wen i remember hw tins used to be. I recall once she asked 2 take vacation with her 2 her town, she said she's going 2 dedicate d next 48hrs of her life 2 me, she didnt leave d house 4 any reason it was fun, den a time she bought a dress n told her friends i bought it just 2 save face n ego for me. Boy i'll kindly give my left kidney just 2 have her back. So poster if u can, give dis boy a chance plsss dnt torment him.

Wow!

Some story that is.

biina:
You have no evidence yet you claim that these people are guilty.You have no proof andd yet you conclude that the ad hoc audit overlooked their ills. So please, on what are your allegations based?

Of course there are no evidences from the CBN. Almighty Sanusi is the Judge, Counsel and Jury. He has determined who to be examined and who should not, thus the evidence available are the one he wanted everyone to see.

biina:
Fitch ratings are based on published results and indices. Its almost impossible for them to detect doctored books, that is the responsibility of the CBN.

Still don't give a damn bout 'em ratings. See, in the old days of practicing chemistry in the Laboratory of Nigerian Breweries, the analyticals of the water used was very critical. However this process is very tedious. So the Lab hands at times doctor results so they could leave office in time. However, we have ways of doing simple cross referencing and we know if the results are in place or not! Let Fitch come up with sumn like that and then to me their ratings might hold water.

biina:
I dont really see how comments about sacked corrupt CEOs (e.g. they deserve to be shot) is inimical to the sector, as the comment was not regarding the sector itself nor any incumbent executive.

Oh, really! What about hate? Which could have the possibility of a personal vendetta?

biina:
My point was about availability of funds to the marketers, your argument above simply contradicts your earlier statement that the fuel scarcity originated from banks not financing marketers. I only explained why they couldn't, cos if they had not been hit the stock market crash and oil price decline, they wouldnt have become illiquid.

And your explanation was incorrect.

Biina, don't qoute me out of context. That is a leading statement. Go back to what I posted earlier. . .

Lastly, bros biina, let us not forget that the lack of funding for the major marketers from banks was the original cause of the fuel scarcity (Ignore my hammering so much on fuel scarcity. . . It's just that it is so difficult to get fuel these days and its driving me nuts!!!       )

Why did the banks refuse to fund?

Even at that, the marketers were still being financed by the banks till the last week of September 2009. The banks were never at any point insolvent but refused to give out funds untill the the issues of the tanker drivers' purpoted sack over the inability of a parent company to continue paying their wages due to the fact that the FG has not paid what was owed this company. That my friend, was the start of the fuel scarcity.

Now how did I contradict what I said earlier? Lack of funding does not mean the can't fund, they REFUSED to fund! That is not so difficult to understand, is it?

On this point, you arguement that over exposure was the reason for the inability to fund, I say again, it is outrightly wrong. For Chrissake, the questionable exposure was in 2008 & and banks still funded till September 2009.

VIPICO:
Talk talk leaders with very little action

'Xcuse me. . .?

nurexg:
@fhammmy thanks for the advise. @ freezy my apology i mean no offence.

@ all lets acknowledge any good work done by any nigerian rather than critisizing him/her abeg i take God beg onah

Non taken. I'm an old hand around here y'know?

nurexg:
@freezy
say what ever you want to say is a free world.
Thank God you are not Goodluck if not i wonder what 9Ja will turn into.
guy belive it or not you are sick in the brain, infact you are saddest.

And you are exercising the freedom beautifully from your responses. Keep it up mate.

Fhemmmy:
You dont need all these . . . .Let us have fun. . . . .It is just a forum, the guys messing up Nija are drinking wine right now and we are here making enemies, we dont need it.

Good point there. . . To think Dora was asked to resign. . . unfathomable

nurexg:
@freezy is the best answer for a fool

Hey. . . Touche! Why the name calling? I thot you were outta that class. Pity!
Lemme guess. . . You couldn't think of any good response, savvy? Pathetic

nurexg:
Thanks bro.

Anytime, pal.

nurexg:
Source.

No source that can be brought forward now. Pity.

nurexg:
yes but calculative risk.

Now that is some reasoning! More of that, mate.

nurexg:
Source.

Hey, just type in Oct 2009 fuel scarcity in Nigeria on google. You'd get that. Do u listen to news at all?

nurexg:
Guy lets lets admit the fact that this guy biina do more research work on his post before he post anything on Nairaland

Of course, everyone does his/her research, but remember that a good number of the posts on nairaland are personal opinions. If fact this blog was created for us to have a view of each other's opinions. Now some people are more gifted in presenting their arguments but that does not mean others are dimwits[i] per se[/i]

Not to mention names, the man on Ajose Adeogun and the Head of the so called largest bank in Nigeria are no exceptions. Proof? There is little that can be brought to the table now. But if the ad-hoc audit which was conducted on the affected fellas with the same intent was conducted on these guys, i'm sure the results will be at par. But the hammer dint come down on them and they lived to fine tune loads. Note that i did not mention nadda about any nothern agenda.

Fitch ratings are crap to me now. If they rated high back then, that means they aint gotten any tool to detect such rot, they could go to **** with their ratings

Yes, MDs can be sacked with people questions answered without so much negative verbal attacks. Recall the shooting idea?

biina:
The lack of funding came about by the banks being over exposed to the stock market and Oil & gas sector, and when the stock market crashed (which began in 2008) along with the Oil prices, the banks lost a lot of their money and became insolvent.

Wrong.
The exposure to the oil & gas sector in 2008 was one of the sources of Mr Sanusi's 'inappropriate loans' given out by banks which had or was going bad. That did not cause the fuel scarcity. Even at that, the marketers were still being financed by the banks till the last week of September 2009. The banks were never at any point insolvent but refused to give out funds untill the the issues of the tanker drivers' purpoted sack over the inability of a parent company to continue paying their wages due to the fact that the FG has not paid what was owed this company. That my friend, was the start of the fuel scarcity.

nurexg:
@biina
i have been following your post on nairaland more especially on political conner, i must admit that you are the most sensible poster on nairaland please keep it up, educate them.
sanusi is my hero[size=8pt][/size].

nurexg:
Biina you are just too much. how i wish dey will reason with you. keep flowing my guy

We'll appreciate some arguments from you too. . . Not just praising bros biina all the time 

Well, this is Nigeria. And unless things change (i'm not sure when), there is always an agenda to some orchestrated decisions. This part I have learnt over the years. Sanusi has done what he was sent to do by selectively cleansing the rot in the banking sector. I ask and still ask why some CEOs who have done worse than the punished ones were not punished. No one knows.

We all know banking is a game of risk & perception. Castigating this industry in your country reduces the positive perception which is not good enough. Sanusi could have duly punished erring CEOs and at the same time ensured that the image of Nigeria's banking Industry does not reek of fraud and deceit Nigerians have become known for worldwide.

Lastly, bros biina, let us not forget that the lack of funding for the major marketers from banks was the original cause of the fuel scarcity (Ignore my hammering so much on fuel scarcity. . . It's just that it is so difficult to get fuel these days and its driving me nuts!!!    )