Genius100's Posts
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ckc:Look at what happened in the last few years when for example, official rate was N450 and parallel rate was N800. Nigeria essentially restricted the people that could get the dollar at N450. What that means is that there is a thriving black market where the rates are much higher. First, International airlines that sold tickets in Naira and wanted to convert their money to Dollars to take it back to their country could not do so because CBN did not have enough dollars to give them. Nigeria became the number 1 country where airlines had their money stuck. So this puts the country in a situation where foreign entities would not want to invest in the country. Now think about Diasporan remittances which is supposed to be over $20 billion a year. This money will never come through the official changes because no one will change dollars for N450 when parallel rate is N800. So consequently, the CBN reserves became very low. With low forex reserves, the Country was in a position where we almost could not pay our foreign debt back which constitutes is a death sentence to the economy, if we default. Also, the Diasporan remittances never made it into the country. It was being held by certain Fintech and their partner banks in Nigeria. They hoarded it which made dollars more scarce and led to Naira continuing to lose value. They were seeing crazy gains while the rest of the country suffered. Compare that to when you float. The official rates and parallel rates are largely harmonized. Now Diasporans can send money through officially licensed IMTOs. These IMTOs will give the CBN a certain percentage of the dollars- let's say 50% - That amounts to about $10 billion. Second, the people that were speculating and hoarding millions of dollars for gains, now can no longer make arbitrage money because there is no longer substantial difference in rates between official and parallel. Those dollars can now go to productive activity. Last, foreign companies now know they can get their money in and out of the country which will spur investments. Ultimately, floating allows CBN to grow its reserves, which allows Nigeria to service debts and also procure additional low interest debt that can be used for the desperately needed capital investments in the country. |
Lies.. Below is what they said... --------------------------------- We are back on the Record.. Ongoing Deposition of CSU Registrar CSU gets 5 - 30 enquiries a day regarding President Tinubu. CSU did not notify President Tinubu of this. We believe Bola Tinubu who attended CSU is the same person who is the president of Nigeria today. The university only has Diplomas that students didn’t pick up in its possession. The university does not typically keep Diplomas. ‘I have the Diploma that was made available to Mr. Enahoro-Ebah in our possession because Mr. Enahoro did not pick it up. I do not have the Diploma that was submitted to INEC in our possession because he had picked it up.’ On his gender: Tinubu applied to the university as a male and a letter of admission was issued to a male. I’m not aware of any instance where CSU had been requested to certify a document. Mr. Wole Afolabi who was acting for President Tinubu insisted that the documents must be certified. Mr. Wole Afolabi is President Tinubu’s lawyer. Mr. Afolabi and Mr. Orr communicated by email. I don’t recall seeing the emails. I don’t know if Jason Carter approved of the certification. Apart from Jason Carter I do not know anyone else who was involved in the process. I went into Mr. Tinubu’s student’s file and produced the documents to Mr. Orr. I didn’t know that the documents would be certified. I don’t get involved in legal matters. Mr. Tinubu requested that the documents be released to Mr. Afolabi for ‘legal proceedings’. The signature on the consent form is similar to the signature we have on record for Mr. Tinubu. Pressed further on why he believes the person who is the president of Nigeria is the same person who attended CSU - he said Bola Tinubu is an unusual name in the US. He matched the Records in the file against the information provided by the student or on behalf of the student. Why would Mr. Tinubu request a Diploma and not pick it up or ask that it be sent to him? Witness: you would have to ask him. Off the Record now The lawyers are protesting the manner in which Mr. Atiku’s lawyer is asking questions. She was accused of asking the same questions 17 times. You may not like the answer but you have to comply with the provisions of the Rules. All of the certified documents came from CSU’s files. Nothing was handed over to us by Mr. Afolabi except for the FERPA form. CSU had never certified documents for anyone before. It must have been made because there was more of a Nigerian thing. Mr. Tinubu’s counsel did not prepare any affidavit for me. He didn’t draft anything for me. My statement that Mr. Bola Tinubu graduated from CSU was based on the transcripts in our possession. I have never met Bola Tinubu. I have never seen him. He did not visit our campus. He does not donate money to the school. In the US, Diplomas are considered merely ceremonial documents. In some other countries, it may be considered more. In the US, more reliance is placed on transcripts and not on Diplomas. The documents were released in pursuance of a FERPA request. I believe Mr. Afolabi requested that the documents be certified. I’m not aware if the stamp affixed by Mr. Orr to the documents was an official document. It is not part of CSU practice. Mr. Orr later departed from CSU after these documents were certified. I don’t know if his departure was connected to the certification of the documents; but I don’t think it was. |
Lies no go wound una. Below is the verbiage from the deposition. ------------------------------------------------------------------------------------------------------------------ We are back on the Record.. Ongoing Deposition of CSU Registrar CSU gets 5 - 30 enquiries a day regarding President Tinubu. CSU did not notify President Tinubu of this. We believe Bola Tinubu who attended CSU is the same person who is the president of Nigeria today. The university only has Diplomas that students didn’t pick up in its possession. The university does not typically keep Diplomas. ‘I have the Diploma that was made available to Mr. Enahoro-Ebah in our possession because Mr. Enahoro did not pick it up. I do not have the Diploma that was submitted to INEC in our possession because he had picked it up.’ On his gender: Tinubu applied to the university as a male and a letter of admission was issued to a male. I’m not aware of any instance where CSU had been requested to certify a document. Mr. Wole Afolabi who was acting for President Tinubu insisted that the documents must be certified. Mr. Wole Afolabi is President Tinubu’s lawyer. Mr. Afolabi and Mr. Orr communicated by email. I don’t recall seeing the emails. I don’t know if Jason Carter approved of the certification. Apart from Jason Carter I do not know anyone else who was involved in the process. I went into Mr. Tinubu’s student’s file and produced the documents to Mr. Orr. I didn’t know that the documents would be certified. I don’t get involved in legal matters. Mr. Tinubu requested that the documents be released to Mr. Afolabi for ‘legal proceedings’. The signature on the consent form is similar to the signature we have on record for Mr. Tinubu. Pressed further on why he believes the person who is the president of Nigeria is the same person who attended CSU - he said Bola Tinubu is an unusual name in the US. He matched the Records in the file against the information provided by the student or on behalf of the student. Why would Mr. Tinubu request a Diploma and not pick it up or ask that it be sent to him? Witness: you would have to ask him. Off the Record now The lawyers are protesting the manner in which Mr. Atiku’s lawyer is asking questions. She was accused of asking the same questions 17 times. You may not like the answer but you have to comply with the provisions of the Rules. All of the certified documents came from CSU’s files. Nothing was handed over to us by Mr. Afolabi except for the FERPA form. CSU had never certified documents for anyone before. It must have been made because there was more of a Nigerian thing. Mr. Tinubu’s counsel did not prepare any affidavit for me. He didn’t draft anything for me. My statement that Mr. Bola Tinubu graduated from CSU was based on the transcripts in our possession. I have never met Bola Tinubu. I have never seen him. He did not visit our campus. He does not donate money to the school. In the US, Diplomas are considered merely ceremonial documents. In some other countries, it may be considered more. In the US, more reliance is placed on transcripts and not on Diplomas. The documents were released in pursuance of a FERPA request. I believe Mr. Afolabi requested that the documents be certified. I’m not aware if the stamp affixed by Mr. Orr to the documents was an official document. It is not part of CSU practice. Mr. Orr later departed from CSU after these documents were certified. I don’t know if his departure was connected to the certification of the documents; but I don’t think it was. |
kokorokoman:I don't understand. What do you mean you have no qualifications? What have you been doing all these years? What skillls do you currently have? The secret to success in life is picking a vocation that you have some predisposition towards and then be the best in that vocation. What skills do you have? What are you good at? |
dboY1123:No, don't get her arrested. Get an autopsy so the doctors can tell you exactly what killed him |
This thread illustrates what is wrong with Nigeria. Everyone is cursing Keyamo but almost no one has refuted what he said. What part of what he said is inaccurate? There are other things to blame the FG for e.g. mismanagement of the monetary policy etc. but not everything is the fault of the FG. Know this and know peace. |
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Obinoscopy:I supported Tinubu in the elections and I'm 100% certain that Peter Linus Obi is a fraud but your analysis is spot on. Labour Party won Rivers state.. |
Tinubu's chief of staff should be Fashola |
All the work wey Linus Obi suppose do many years ago, na hin Soludo jus begin do.. |
BluntCrazeMan:Lol.. so how do you punish technology? I believe someone has already told you about the term “substantial noncompliance”. Besides that, let’s assume you are right. If the presidential election is deemed not to have followed the electoral act, then so will the house and senate elections. In what universe do you see the Judges cancelling all elections because of something that can’t be deemed to be “substantial noncompliance”. |
garfield1:So does the ratech translate the image into numbers for collation purposes or is that to be done by a human being at the collation center? |
BluntCrazeMan:Who is supposed to enter the results into the CSRVS system from the polling unit? As far as I know, the polling unit workers are only supposed to take a picture of the result sheet, and the image (not numbers) gets uploaded into iREV. So how does the result get inputted into CSRVS system? |
BluntCrazeMan:Lol. They attempted to transmit but it didn't work. This argument is really going nowhere.. |
fergie001:This analogy doesn't work. The verbiage can't read "36 states including FCT" because the FCT is technically not a state. |
HIGHESTPOPORI:This isn’t up to 25% |
Anyone seeing improvements since the announcement of recirculating the old N200? |
Looks like Buhari listened to me |
If Emefiele is to be believed, N2.1 trillion of the old notes have been mopped up. Now perhaps, he doesn’t want to undo the hard work that’s been done already by recirculating the old notes. The simple solution is to recirculate the old N200 notes only alongside the new notes. This will ensure the common person gets all the cash they need and will still serve the purpose of limiting the availability of cash to vote buyers. I believe the reason Buhari supports this policy is he doesn’t want vote buying. But that is not reason to impose suffering on tens of millions of Nigerians. Releasing the old N200 notes will solve the immediate problem. |
dustmalik:Interesting. Thanks |
There are reports that the cash scarcity is easing in Abuja and some other areas. How is it going in your area? |
ashacot:Pretty solid analysis. What I don't really understand is why you think Labour is strong in the SS. They will do well in Delta and Rivers because of the Igbo speaking people in these states, but I don't see Labour doing as well as you think in the rest of the states. |
Fake news |
Mumu.. Did Tinubu become governor in 2003? |
How is he a Bishop when he doesn't have the Bishop outfit on? |
Tinubu will attend |
Kabiru Sokoto is alleged to have gone to the Borno lodge in Abuja to kill Shettima ——————————- ORDINARILY, Abaji is noted as a placid gateway to the Federal Capital Territory . If a commuter is coming to Abuja , this sleepy town provides a soothing relief that you are almost in the capital city. But the escape of a Boko Haram member, Kabiru Sokoto has deprived Abaji of its allure and image of a quiet entry point with strong Islamic ethos. When Kabiru Umaru Sokoto relocated to the town in March 2010, no one thought the guest will put Abaji on the world map as a refuge for a member of the Boko Haram. As a settler, Kabiru was whole heartedly accepted by the people of Abaji without inquisition into his Hijrah (migration) from Sokoto to their native land. It was gathered that the suspect, whose residence was burnt in Sokoto due to his religious fundamentalism and avowed loyalty to Boko Haram, had sought solace in Abaji because of its strong Islamic culture. According to findings, he had initially stayed with a trader in Anguwar Gbakiya before renting a one-room apartment Anguwar Asharawa in Abaji. A man, Abdullahi Mohammed said: “Until we heard the news, Mallam Kabiru Sokoto has been a quiet and a deep Muslim who is versed in Quran and Hadith. He is so respected that sometimes, he leads Subh (early morning prayers). He lives a simple life and you cannot see any trace of extremism in him. The fact that he sells provisions does not make us to suspect him of any link to Boko Haram.” But the question on many lips is: Who is Kabiru Sokoto? Even security agencies have found it difficult to unravel the identity of this wanted man. A few snippets however revealed that he has a degree in Physics and Chemistry which confirmed security reports in the last one year that the Boko Haram sect has been using Improvise Explosive Devices (IEDs) in most of their deadly operations. A source said: “Kabiru Sokoto must have been one of the key members of the intellectual wing of Boko Haram. He is probably one of the covert members of the sect providing scientific support and probably identifying targets to be attacked.” To confirm this lead, investigation showed that the police have been on the trail of Kabiru Sokoto since the Christmas Day bomb blast at St.Theresa’s Catholic Church in Madalla , Niger State. Preliminary enquiry by the police had uncovered Kabiru Sokoto as one of the masterminds of the Madalla bomb explosions. It was gathered that attempts to track down the suspect led to last Friday clues on his presence at the Borno Governor’s Lodge in Asokoro District, Abuja . How he landed in Abuja There are different versions on the mission of Kabiru Sokoto in Abuja . While a source claimed that he had come to meet a friend, Ibrahim Umar Abba, who is studying for his Master’s Degree in London , the Borno State Government is suspecting mischief. Intelligence report indicated that the Governor of Borno State, Alhaji Kashim Shettima was scheduled to arrive in Abuja last Friday evening and stay at the Governor’s Lodge. But some commitments delayed him in Maiduguri forcing the governor to come to the FCT on Saturday. A reliable source added: “Maybe, there was a mission to kill the governor. The coincidence was just too much and psychologically devastating to the governor.” The Borno State Commissioner for Information, Mr. Inuwa Bwala, said the state government suspected a plot to eliminate Governor Kashim Shettima. Bwala said: “The intrigues and drama of the reported escape of the alleged Boko Haram suspect arrested at the Borno Governor’s Lodge in Abuja from the police does not only sound fairy tale, it justifies our suspicion to the effect that there may be a grand conspiracy intended to either embarrass the Governor and Government of Borno state, or to eliminate Governor Kashim Shettima. “Suffice it to raise some posers, the answers to which may give a clue into the seeming mystery: If the man escaped while under escort, how can a man possibly in handcuffs outrun more than a platoon of armed policemen? “Could the alleged sympathizers of Boko Haram which Mr. President said have infiltrated the security agencies facilitate the escape? Could the arrest and escape stories not be a phantom arrangement after all? From which point did the police radar picked the said suspect in Zuba? Why was the whole drama headed for the Borno Governor’s lodge in particular? In its official reaction through the Secretary to the State Government, Ambassador Baba Ahmed Jidda, said what happened at its Lodge was a security breach. The state also gave a graphic picture of how Kabiru Sokoto gained entrance into its Lodge. Jidda said: “When we first heard about this incident, His Excellency Governor Kashim Shettima immediately ordered an investigation and this is what we found. On the evening of Thursday, January 5, one Ibrahim Umar Abba, an indigene of Borno State and a post-graduate student at the University of Birmingham in the UK , called the Permanent Secretary of the Borno State Liaison Office in Abuja . “He said he was scheduled to catch a British Airways flight back to the UK the following day and would like to spend the night at the Governor’s Lodge in Abuja . The permanent secretary, who at the time was in Maiduguri , granted Ibrahim Abba Umar permission to spend the night at the lodge. “When Ibrahim Umar Abba turned up at the lodge, he came with two other persons, one of them an Air force officer, the other a civilian. Neither of them is known to His Excellency the Governor, or to any other official of the Borno State Government. “It turned out that the security agencies were on the trail of one of the three men, later identified as Kabiru Sokoto. The security agents arrived at the lodge and arrested the three “guests” as well as all the staff of the Governor’s Lodge. “I will like to state emphatically that neither His Excellency Governor Kashim Shettima nor any other top official of the Borno State Government ever knew the said Kabiru Sokoto or the other two men. “In fact, their surreptitious gaining of entry into the lodge where His Excellency often stays during his visits to Abuja is a very serious breach of security which has caused acute embarrassment to the State Government.” The state government said it could not have harboured a member of the sect that had killed some stalwarts of the ruling All Nigeria Peoples Party (ANPP) in the state in the last one year. It said: “I will also like to remind the public that in the last one year alone, many leaders of the Borno State ANPP have been assassinated by suspected members of the Jama’atu ahlus Sunnah Lid’dawa’ti wal Jihad. They include the late Awagana Ali Ngala, then North East Vice Chairman of ANPP; Alhaji Modu Fannami Gubio, ANPP gubernatorial candidate Borno State; Honourable Mustafa Baale, Chairman of Jere Local Government; Fannami Ngranam, ANPP Chairman for Jere Local Government; Goni Modu Sheriff, Chairman of Ngala Local Government and many others. “How therefore can the Borno State ANPP chapter and the state government that it controls possibly be in cahoots with or knowingly shelter a suspected member of the sect thought to be behind the cold blooded murder of so many of our leaders? “The truth of the matter is that the incident was a major security breach by men who have the sinister intention to cause harm to His Excellency Governor Kashim Shettima, but for the providence of God. They have been plotting this for a long time and they succeeded in penetrating the Governor’s Lodge and spending a night there due to the sloppy breach of procedure by an innocent government official. “I therefore wish to urge the public to ignore the malicious, wicked and illogical insinuations being made by some people that the Borno State Government knowingly harboured suspected members of a sect. It is a wicked attempt to turn truth on its head.” Yet a different version of Kabiru’s movement A different dimension to the story of Kabiru was in respect of his link with an Air Force officer, who was in his company. This confirmed the fears of the President that members of the sect have infiltrated security agencies and government officials. Another reliable source said: “The suspect left Maiduguri on Friday via Kaduna . On getting to Kaduna , he sought the assistance of an Air Force to provide him escort to Abuja to catch a flight to London . “Aware that the security agencies had been on his trail, he could not get a safe place to sleep. He decided to go to Borno Governor’s Lodge to seek assistance to sleep overnight as an indigene of the state. “Oblivious that he is a Boko Haram member, the Permanent Secretary in charge of the Lodge decided to be magnanimous to give him free accommodation for a night. “But intelligence agents trailing the suspect on the phone succeeded in tracing him to the Lodge through a GPRS device. “This led to the storming of the Lodge in the early hours of Saturday leading to the arrest of the serving military officer and some staff on duty. “But after interaction with the staff of the Lodge, they were released by the police on bail pending the conclusion of a comprehensive investigation.” His arrest and escape The manner of the arrest of Kabiru Sokoto suggested that the police got the right information from an insider. A source in Asokoro said: “We had an unusual invasion of the Governor’s Lodge at about 4am when a truckload of Mobile Policemen from Zone 7. None of us could understand “The invasion must have followed a tip-off. The suspect was arrested early on Saturday morning while in hiding at the Liaison Office in Abuja . He is said to be in transit to London .” “They succeeded in arresting everybody at the Lodge including the cooks and others. Upon initial interrogation, all the support staff at the Lodge were later released by the police.” The flop and headache for Ringim Barely 48 hours after his arrest, Kabiru Sokoto miraculously escaped from the custody of a five-man police team that took him to Abaji for a search of his home. There were unconfirmed reports that some youths had waylaid the police team to set the Boko Haram member free. Other allegations border on monetary inducement and conspiracy within the police hierarchy. Irrespective of the argument, the IGP got a query to wit amidst a battle for survival; the Commissioner of Police in charge of the investigation, Alhaji Zakari Biu has been suspended and placed under house arrest; and the five policemen who unofficially released the suspect are languishing in the worst of detention facilities. The police officers and their men could also not find an answer to the miraculous escape of Kabiru Sokoto. It was learnt that a crack in police management over Ringim’s likely tenure extension might have accounted for the conspiracy which led to the escape of Kabiru Sokoto. Another source added: “I think some senior police officers were opposed to the proposed tenure extension for Ringim leading to the conspiracy behind the escape of Kabiru Sokoto. “There has been no doubt a crack within the police management. They have just been tolerating themselves. “The ongoing investigation is also being viewed from the angle of a syndicate within the police working covertly against the IGP. “Although no one has been identified with this conspiracy theory, the police believe that there might be more to the escape as the way the suspect was treated was unprofessional. “Those policemen arrested in connection with the incident might provide further lead on this argument.” As the nation’s await the outcome of a panel raised by the National Security Adviser, Gen. Azazi Owoye, it is obvious that the police may not remain the same with the disappearance of Kabiru. For the IGP and Biu, the mystery of the suspect’s disappearance remains a dent on their career in the police which will end in February. The IGP has lost an opportunity to extend his tenure by a year. A police source said: “Prior to the escape of Kabiru Sokoto, what was on the card has been the extension of the tenure of the IGP. But with this latest, the presidency has foreclosed the extension of Ringim’s tenure because it can no longer be justified. “In fact, the IGP had wanted to use the arrest of Kabiru Sokoto to strengthen his case for the extension of his tenure and justify the President’s claim that Boko Haram has infiltrated government circle. “Those pushing for the extension of Ringim’s tenure had cited the prevalent insecurity in the country especially the Boko Haram menace. They told the President that it may take a new IGP three to six months to settle down and members of the dreadful sect may take advantage of the situation to unleash more terror attacks. They wanted one-year extension for Ringim. “But that extension agenda has backfired now with his job on the line and the entire career overshadowed by the escape of the Boko Haram member.” Until the long arm of the law catches with the suspect, Nigerians will still be asking: WHO IS KABIRU SOKOTO? Not even his wife and children in detention could be of help to the police on this mysterious and influential Boko Haram member. https://www.ghanamma.com/2012/01/21/untold-story-of-kabiru-sokoto/ |
Oilwell:It's the pure unadulterated truth, bro.. |
Elliotwaveforec: ![]() |
Spot on, Abaribe. That's why Buhari built he most expensive projects in Nigeria like Second Niger Bridge, Lagos-Ibadan expressway, Lagos Ibadan Rail in the north.. |