₦airaland Forum

The way they steal makes u wonder if this is how a country should be run.

Accountant General man stole 80billion,the one who relieved him while he was being investigated stole 1billion.

Emefiele stole beyond comprehension and no actual figure can be attributed to his madness.

This is not to mention many of them under Buhari who stole beyond normal in the last administration.

Nigeria is not a normal country,everything Lord Lugard exhibited runs in the blood of our politicians.

Na Yoruba dey govt,na dem still dey complain pass everybody.

The economic heat has exposed their sophistication.

No matter how distance an igbo travels,he would build a house and even if it means no one lives there,no wahala.

These ones would travel to Lagos yet to build a good house in their states na wahala.

No wonder almost all of them are claiming to be Lagosians.

Shame.

tishbite43:
Which kain mumu roads Otti dey commission?!
Do something qualitative na
The hype has died down, show workings

Even God knows that u are evil and envious.

Shameless

nairalanda1:
North did not support tinubu massively...infact, Atiku would have won the election of 2023, if not for Obi taking away votes in the SE, and Kano going to the NNPP, which enabled tinubu to eke out a small victory.

Also, Tinubu only got one of the K states, Kaduna...narrowly. Kano went to NNPP, and Katsina went to PDP. Infact PDP picked up Northern states that in 2019 it should have not taken

Also, in 2019, APC won the vote with 19 million. In 2023, APC only took 8.5 million votes.

What we are seeing is a fall in APC votes that is ongoing. At the end, in 2027, APC would probably lose badly.

The question is whether PDP can stay united enough, and whether Atiku can resist the temptation to run again. Also, Obi and co have to return to PDP.

The screts alignment that is going on between Atiku,Elrufai,Kwankwaso and Obi has never been seen in our history.

In fact,so far they have had seven meetings in recent past. PDP is not in the picture,Labour Party is also not in the picture.

But something big is coming up.

helinues:
Try and see how you can be successful first. That should be the primary

See them na their way.

I have said it previously,that most of u who think the north would vote and collect money should just wait till 2027.
The gang up is going to be something never seen in our history.

U,keep whining in ur fake prosperity.

I only came to see his pictures.

Small compared to what happens in Nigeria.

Yung6six:
You don't get it. Dashing someone Money shouldn't be premised on whether they voted Tinubu or not. That's the point I'm trying to push

U can't stop him from speaking his mind and that is why it is said,that everyone is entitled to his opinion.

The Central Bank of Nigeria, CBN, is set to retire approximately 1,000 employees by the end of the year, according to reliable sources within its headquarters.

The retirement exercise is expected to cost the apex bank over ₦50 billion in severance packages.

The CBN Board of Governors, chaired by Olayemi Cardoso, has described the move as part of a strategic workforce realignment aimed at reducing its staff strength.

Over the past 10 months, the CBN has disengaged several employees, including 17 directors who served under the former governor, Godwin Emefiele. Notably, these director positions remain vacant.

Three weeks ago, the CBN issued a circular announcing the opening of applications for an Early Exit Package, EPP.

The program is available to all confirmed staff who have served for at least one year, with the application window closing on Saturday, December 7. The effective exit date is set for December 31, 2024.

Employees who opt into the EPP will receive financial incentives based on their service grade. Senior supervisors to deputy managers are eligible for up to 60 months of gross annual pay for their current grade, while managers can receive up to 36 months’ pay.

CBN officials disclosed that the program targets over 1,000 employees, and at least 860 applications have already been submitted from various departments. However, the management has clarified that once an application is submitted, it cannot be withdrawn.

The EPP is a voluntary initiative designed to provide employees considering career transitions with an attractive exit option while aiding the bank’s restructuring efforts.

“Financial incentives for all other cadres of staff shall be for the remaining period in service, up to a maximum of 18 months of current grade gross annual emoluments,” it added.

The EEP also includes non-monetary benefits, such as financial planning and entrepreneurial training programs. It allows participants to purchase laptops under the Bank’s existing policy and offers extended medical coverage for an additional three months for both employees and their dependents.

This extension begins after the initial three-month medical access period provided to exiting staff concludes.

A staff member said: “The way they dated the offer, you’ll know that the target is actually from senior supervisors to deputy managers. If you look at it, they’re mostly those that came in within the 9 years of Governor Emefiele.

“For instance, I’ve worked for 4 years in the bank; the package they’re giving me is between N92 million to N97 million.

“Some others have worked up to a manager level and are only entitled to N64.5 million. So, the more time you have to go, the more money they pay you because you know, for them, you don’t have gratuity”, the staff said.

Another staff member disclosed that during a webinar on Friday, November 29, the bank’s Human Resource Department reiterated the apex bank’s resolve to meet its target number for the EEP.

“There is serious tension, serious apprehension. You can imagine the atmosphere. It is terrible.

“As of Friday, there were 860 people so far that have indicated interest in the EEP,” the staff said.

The 17 directors who were dismissed or retired 10 months ago have yet to be replaced.

As of Sunday, December 2, information on the CBN’s website indicated that coordinators currently oversee each of the bank’s 13 departments.

A circular outlining the replacement process stated that deputy directors with two years or less until retirement are ineligible to apply. Additionally, applicants were instructed to apply for only one position, as submitting multiple applications could result in disqualification.

Amid criticisms over the perceived exclusion of serving deputy directors, reports suggest that some of them were subsequently invited to apply for the vacant roles.

A senior staff stated that: “As it is, most of those who should qualify were affected alongside the sacked directors.”

A few of the dismissed directors filed a motion four weeks ago at the Abuja Division of the National Industrial Court of Nigeria, seeking an interlocutory injunction to prevent the CBN from filling their positions.

They argued that their termination was unlawful and lacked justifiable grounds.

Yung6six:
You talk like you're God. As if u don't know that even if a Donkey contests today, it will still have supporters. Even if the Devil contests today, he will get some votes.

He has his options.

Don't bring God into this pls.

If u like make ur money and be dashing it out that is also an option.

Is a choice.

Check ulcer...

U must have money to go the hospital...yes, is a must.

Find a way now.

Muslim Muslim ticket at his highest beat.

helinues:
Yes oo his Excellency

Slow and steady

Keep deceiving yourself.

Thunder is watching those to strike...see ur head

yarimo:
Mteeeew GEJ speaking as if he his somebody in Nigeria politics of today the first and last incumbent president to be defeated in history of Nigeria

He is better than ur father and even ur useless Buhari who was power drunk and stupid.
Learn to accord him the respect he deserves.
He is a true stateman...ask yourself has any organisation called Buhari ur father for any function since he left office.

Yes,a quota system General who according to Elrufai,never passed one military exam.

Let me wait for ur nonsense reply.

*🇳🇬 BRT CORRUPTION OF GOVERNOR SANWAOLU EXPOSED BY BRITISH THESIS RESEARCHER*

The shameful corruption cesspool called Nigeria.

*MY STORY*
_By Bola Oyewole_

Europe passed through bitter wars due to corruption and mismanagement. We need not pass through the same path if only our leaders have a deep sense of history.
Listen, Nigerians, a major crisis can happen in this country. There can be war. We all have the responsibility to prevent war.

I came into Nigeria to do a report on corruption in the public sector being part of my doctoral thesis. Let me tell you how it started.

Each time we discussed corruption Africa in my class, my classmates and even my teacher would point towards Nigeria as an example of where, according to him, ‘nothing works without bribery.’ The first day he used the word, I accused him of the fallacy of over generalisation. He was soon to come out with proofs including clips he collected right from the Murtala Mohammed Airport on his arrival and on departure through the Nnamdi Azikiwe International Airport in Abuja.

The clips, to say the list, were horrible. Officials in uniforms were asking him for money. One even seized his camera asking him to pay $100 to have it back.

On the highways, even with a hired escort, police asked him for money. One searched him thoroughly and demanded for his passport which he briefly seized as ransom for cash.

In government offices, he was asked to pay ‘roja’ by security and even members of the Civil Defence Corps. In one instance where he posed as a philanthropist coming to eliminate malaria in a South West state, a top government official asked for N20m as commission telling him to stop malaria, he needed to grease the palms of ministry of health officials who obtain regular bribe from pharmaceutical companies that manufacture anti-malaria medicine.

In another instance, he met two officials who said they would help him to book an appointment with a Minister. The officials asked for N50m. When he asked to see the Chief of Staff, the officials asked for N60m. In both instances, they requested for dollars in cash and then introduced him to a BDC official. The irony is that he has all these on tape with visual records.

I know there is corruption in Nigeria but never knew the extent of the shame. I felt thoroughly embarrassed as he brought his visual presentation which he had promised. He is Caucasian, brilliant, pro-Africa and a very diligent academic.

He is currently working on a documentary on corruption in Nigeria. He then told me that the worst part of the problem with Nigeria is that decent people are unofficially barred from the political space that he said has been taken over by ‘vampires.’ It was this debate that prompted my choosing to embark on official Corruption in Nigeria as the focal point of my Phd thesis.

Corruption and my experience with Lagos BRT Officials

As part of the chain of corruption in Nigeria, I found out that BRT officials in Lagos pocket no less than N1billion naira every month in an organised crime supported by the police and some top notch politicians.
It involves the use of Police BRT enforcement Unit, armed thugs and some officials of Lagos State Transport Management Authority, LASTMA. I will explain my findings.

As part of my research, my cousin, a Phd student at the Obafemi Awolowo University suggested to me to include corruption in Lagos focusing on BRT officials. At first, I didn’t see the merit until I ventured into what turned out to be far more embarrassing than what my lecturer experienced while in Nigeria.

I set my driver to brush the BRT lane and then retreated swiftly on our way to Ikorodu on a Sunday morning. As soon as that happened, four police men jumped on the road led by Babaje. He is an ebony black person, average height and tall. His men already had their iron tyre buster stretched on the road. The first question they asked was ‘May I know you sir?’ I introduced myself as a student overseas, visiting Nigeria. If you are a big politician or influential figure, I later got to know, you would not be arrested.

Sure, I was a priced prey. Babaje collected the key of my car and then ordered me and my driver to enter. He drove recklessly along the Ikorodu Expressway, ignoring all traffic rules and above all, he drove on the BRT lane to a spot after the Ketu police station. I appealed to his morale, telling him the state of the economy and that I admitted I did what was wrong. I pleaded for leniency.
He told me a camera had picked my car plate number and that he was helpless. At the blue gate, he handed me over to a ‘professional thug’ who had red-shot eyes, brutal and savage. In my car was my inlaw who was five months pregnant.

I was actually taking her back to her parents for a shot visit.

On our way, I noticed at least three LASTMA officials signalled him victoriously. The thug wore BRT badge on his suit. He had no time for negotiation. My price was N70,000 not negotiable.
After pleading, he said I could pay N60 and would be allowed to go, but If I chose N70,000, I would pay and then be taken to a Court that may warn or jail me. No matter who you are, if offered these options, you would submit to corruption to pay N50,000, which was the minimum he later offered, and be let go. I opted for the N70,000 official rate to enhance my research.

N720million to corrupt officials in one month

He drove the car inside the building. In few minutes, the car was deflated. I was then kept waiting for three hours. During this time, I asked my driver to go outside and take note of what was happening with a chip camera while I monitored events inside the building. In three hours, I counted 150 individuals that came to the compound to pay money, mostly in cash and also in transfers through a standby POS. When it was my turn, I transferred the N70k. I then asked for the receipt. I was asked to ‘Go and ask Tinubu.’ I then asked what that meant. I was told that because I wanted to protest, I should protest at the highest level. I never got any receipt. Out of many of us charged for the 70k in three hours, none got any receipt.
The thugs prowled around, harassing, insulting and humiliating every prey.

They harassed married women and girls. Car owners, including breast feeding mothers came out and sat on the edges of the road, some young girls were pressed but no where to ease themselves. One particular elderly woman being fetched from the hospital with bandage on her head was bleeding as she sat in the sun. I saw exhausted and worn out women and children, on their knees begging the BRT officials.

There was no lecture on what the BRT lane was all about. No discussion with first offenders. Not explanation on why the BRT lanes were sacrosanct and why drivers should not use them. The focus was not on law or order, but on primitive profit and extortion from road users. When my driver and my cousin came, they had counted another 160 people who all paid minimum of N40k in cash to the agents of Babaje and his cohorts.

From my rough estimate, we saw 300 vehicles in three hours. This should actually mean at least 600 offenders in one day. At average of N40k per person translates to N24m in one day. Many others pay N70k. If you add up N24m in one month, the gross is N720m. We should not forget that this is just at one point. The BRT officials have many other points in Lagos. I interviewed some of the thugs. They told me their commission is 3% while the rest goes round the circle of police, LASTMA and a few State Officials. He said Babaje has no fewer than five porch cars and several buildings in Lagos.

In Europe, fines go into public treasury recycled to provide public needs. In Nigeria, fines are imposed to enrich government officials. The law itself that imposes 70k fine is an irresponsible law designed to nurture corruption. How many Nigerians would wish to pay 70k to Government purse when the option of 50k fine is there? Most of our laws are cruel and inhuman and automatically emboldens graft. Europe is rich because the government recycles wealth in a rotating machine that largely prevents lack drain pipes.

This little narrative experience sums up the paradox of poor leadership, ineffective institutions, corruption in public offices and the moribund form and character of leadership in Nigeria. On our return to Ikorodu, we stopped. Babaje was there again and in the brief pack-aside overview, four vehicles were arrested and taken away by agents of the BRT officials.

This is the country of my birth, this is the pain, anguish, and sorrow and depression Nigerians go through daily in the hands of state institutions designed to protect us but have turned our society into one huge furnace of the living dead.

I will be leaving Nigeria with a great stuff on corruption which will enrich my research, boost the position of my lecturer but at the same time leave me in tears all night as I reflect on this great country that has been placed on the altar to be sacrificed to greed, avarice, wickedness in high and low places amidst the unimaginable cruelty of principalities and powers in my fatherland. 😥😥😥

durentboi:
Even in this hard economy?

Where do dey even see this people to feed and take care of a family?

I'm team single and childless for life oh

I have four children.

I wonder how u will see me.

People are still making money.

The finest yoruba man alive.

YoungBTCxchange:
for nairaland everybody na billionaires, they will tell you 1m is not enough for a month.
The worst part of it all is that most of them don't even have 40k in their account

Not the way u see it.

Mine is isn't static...sometimes it varies and higher or lower than expected.

This November,I spent a total of #1,577,630 or there about for family expenses.

I saw this and I cringed.

sarrki:
Late warlord ikemba odimegwu Ojukwu asked late junta General sani Abacha to hang the acclaimed winner of the presidential election in 1993

Salewa97:
The meeting of two failed candidates.

Birds of same feather

At least both of them are successful than ur failed parents.

Who failed to train u on the act of respects for elders.

U think I don't know u.

U will use helinues and use this useless name to abuse others.

Meerahbel:
One illness can wipe out everything.

Yes agree with u,but what have we to do.

U have to keep hustling and i agree nothing last forever and that does not mean we shouldn't take care of our families.

God,Good health and Money is the fulcrum of our lives.

Without these three I mention,man would be useless.

Same thing happened in the east and All yorubas here were cheering the fulanis...saying igbos brought this upon themselves.

We all can see that it is a national crises and shouldn't be condoned in any way.

If we aren't secured in our land,it means Nigeria isn't safe.

However,may his soul rest in peace.

As a man, Take your financial life very seriously.
Make a lot of money. The world is very cruel to a poor man.

While making this money,please make it a duty to make legitimate money.

Don't compare yourself with others,do something that would keep ur mind and family at rest.

Don't let people tell you otherwise:

Money is the key to freedom and the life of your dreams.

With financial stability,

You unlock countless opportunities,

To pursue what truly matters to you.

Happy new month to u all.

As a southerner,I don't trust Tinubu...nothing he promised has ever worked.

Even if it would benefit the whole country,as far as it is coming from Tinubu I doubt his intentions.

The man has no genuine intentions.

How can anyone trust a man who once promised to slow the economy and widen the tax net be trusted with his tax proposal?

Is like trusting the devil.

Omenlon:
this man I hope you should go to abj for the public hearing debate instead of wack arguments here.

I am in Abuja.

I live and work in Abuja.

Ask yourself,what has Tinubu's policies done for u. And u think this executive bill would save u,wait until they tax the rich of this country.

The consequences is usually on the poor.

Mandate1:
a more reason why the bill should be allowed to follow the legislative process for proper vetting. Let everyone argue out their pros and cons.

But for me, none of Tinubu's policies has ever benefitted the people, this won't be any different.

Brilliant contribution.

OfficialP:
This is what most people don't understand.

The masses will support it, thinking it will benefit them, but they're wrong. Boston tea comes to mind

Honestly...the policy is not palatable.

Mandate1:
truism. You tax businesses, they indirectly add it to the price of their goods. Every business is designed to maximise profit. The masses will pay more.

People are looking this issue from the South vs North
Perspectives but the reality is that,the rich and the big importers would make life unbearable for the poor by increasing goods and services just like what is happening to car importers.

muykem:
You and Ndume are ignorant. Company income tax cannot be pass to consumers u like VAT. CIT is on total profit of company and personal income tax is directly from source.

When u want to know a stupid mam...he starts with an abuse.

I didn't say u shouldn't have an opposing view about this conversation but I can't engage u because u are not normal.

When u stop being stupid then,I can hear u out.