₦airaland Forum

chiogo:
All these kidnappers should limit their so-called revolt to politicians, since they're so corrupt.
Kidnapping every so-called 'elite' is just plain stupid and doesn't solve anything.

I cant even decipher whether your post is more or less stupid than that of the original poster (the journalist).
We better condemn kidnapping in its totality rather than limiting it to the boundaries of the politicians.

WackyJ1:
Will Nigeria ever change
Its always about minerals and resources lying here and there unused. Its always about how Nigeria has the potential to be great. In truth Resources are every where in this country, its just how we can use them
Every time we are ranking cities in this country e.g Anambra is fourth instead of us to concentrate on how we can rank our cities and infrastructures and technological development with the rest of the world.
The problem with Nigeria is that we are not seeing ourselves to be one and look past our tribal differences and go out and face the world till we get to the top

You just constructed six sentences without offering any bold suggestion--------------So whats the essence of your critique?

$osisi:
No!

Osisi, onwere umunna gi ndi bakassi gburu? ---------
As for me, I want them to be re-organised immediately.

BAKASSI MOTTO:- The wages of sin is death!!!

rubi:
Your story is made up

Must you respond to every thread?----------- Better shut up if you dont have any tangible advise to offer the poster.

Afaukwu:
Grammar repete. This one na BSc, university of jagbajantis

ROTFLMAO!!

Funny thread!

    With the exception of Ifyalways, these Nland ladies are just responding to the post being driven by pomposity and youthfull exurbarrance. We ought to handle family matters in such a way that peace could prevail, especially those with bad MIL.
 
    Honestly speaking, what else can the daughter in law do when MIL sends her packing other than to pack out/divorce, especially when
the husband is subjected to the neutral mode. After all, there is no smoke with out fire.

THE AMAKA:
this is just getting out of hand!!
[b]why wont they kidnap the people in office/the government[/b]they have ALL the money.
the same money that is keeping those armed robbers in their misery.

why wont you shut down your system instead of spewing silly arguments. The fact remains that any form of kidnapping shouldnt be advocated or condoned
whether it relates to the rich or the poor.

IGWE_USA:
Financial experts give CBN knocks
By DURO ADESEKO, RACHAEL AGUNTA and DENNIS UGBUDIAN
Saturday, August 15, 2009


CBN Governor, Sanusi
Photo: The Sun Publishing
More Stories on This Section
Financial experts have expressed reservations about the take-over of five banks by the Central Bank of Nigeria (CBN), saying that such action would send shockwaves in the banking sector.
They said that the CBN should have stepped into the matter affecting the banks quietly instead of the brazen manner it was done.
Those who spoke are Prof Sam Aluko, former economic intelligence adviser to the late Head of State, Gen Sani Abacha; Prof Herbert Orji, former managing director of Progress and Lead banks and Mazi Okechukwu Unegbu, former president of the Chartered Institute of Bankers.

Prof Aluko said: “The dissolution of boards of directors of the five banks came as a shock. The Central Bank of Nigeria should not have done that. The CBN is expected to show confidence in the banking industry. The Union Bank is one of the outstanding banks in the country. I don’t think what CBN has done is right. They should have related with the banks confidentially and it should have been a matter between the CBN and the banks without making it public.

“The Federal Government pressurized banks to loan out money for construction and building, etc. The banks were compelled by government to loan out money to people to enable them to buy public assets. It is wrong for the CBN to wake up and sack boards of directors. You don’t just wake up and sack people. You should give them one, two or three warnings before you sack people.
“What the CBN has done portends dangerous trend to our public system. The banks were forced to take over weak banks. It is a hang-over of taking over weak banks.

The banks should now look inward and consolidate themselves. That a bank is large does not mean it is a good bank. They should look into their managerial and administrative structure. It is a hang-over of consolidation of banks.”

Speaking also, Prof. Herbert Orji said: “For the Central Bank of Nigeria (CBN) to dissolve the boards of directors of the five banks means they had market intelligence and that the new management will have more value than the existing board and management. The CBN feels that the risks aspect of these banks must undergo total re-engineering to meet international practice. Secondly, the CBN may also believe that the existing board and management have existed long enough and must have done their best and the banks need new people with fresh idea to come up and make their own contributions.

“Thirdly, the CBN probably expect the board and management to raise the necessary equity fund to replace the massive reduction in the equity profile of those banks as a result of non-performing risk assets.
“Finally, it maybe the CBN way of restoring banks under economic difficulty. The banks not currently affected should pay sufficient attention to existing prudential guidelines and requirement, with regards to weak asset management both nationally and globally.”

In his reaction, Mazi Okechukwu Unegbu said: “I think the Central Bank of Nigeria (CBN) needs to be a little bit covert in the way they handle this kind of issue. It tends to send wrong signal to the system. Publication can be very powerful. When it was published yesterday that one of the banks had problems, many shareholders acted in the stock market. What CBN has done is not unusual but the method adopted is wrong. The banks should have been invited and told to remove their boards and management and this would later be announced as normal management change to maintain confidence in the system.

“The Union Bank is a big and strong bank. The public should not see the five banks as dying and collapsing. The banks are not dying. What happens is that non-bankers destroyed the principle of banks. The banks should appoint creditable bankers to manage their affairs. Marketing alone is not banking. There are lots of conflicting interests to be taken care of by the banks. You have to take care of government, shareholders, maintain liquidity and take care of the interest of the global community. The banks should manage conflicts in such a way that there would be confidence in the system.”

The fact remains that Sanusi had executed a bad corporate coup d'etat which is a bad omen for the Nigerian economy, especially in this period
  of global economic recession.

   Even at the early stage of the recession when Fredie mac, fannie mae, JP morgan and AIG were in financial kaput, Ben Bernanke and Henry
   Paulson quietly injected billions of dollars into these banks so as to prevent a total collapse of the American economy.Despite all the bail outs,
   how many of the Amercan bank and automobile CEOs were SACKED? To the best of my knowledge, Jim Wagner of general motors honourably
   resigned so as to pave a way for his company to recieve the bail out money, he wasn't SACKED!!
   
   But on a second thought, it's only in Nigeria where this kamikaze attitude towards sensitive national issues exist.

Financial experts give CBN knocks
By DURO ADESEKO, RACHAEL AGUNTA and DENNIS UGBUDIAN
Saturday, August 15, 2009


CBN Governor, Sanusi
Photo: The Sun Publishing
More Stories on This Section
Financial experts have expressed reservations about the take-over of five banks by the Central Bank of Nigeria (CBN), saying that such action would send shockwaves in the banking sector.
They said that the CBN should have stepped into the matter affecting the banks quietly instead of the brazen manner it was done.
Those who spoke are Prof Sam Aluko, former economic intelligence adviser to the late Head of State, Gen Sani Abacha; Prof Herbert Orji, former managing director of Progress and Lead banks and Mazi Okechukwu Unegbu, former president of the Chartered Institute of Bankers.

Prof Aluko said: “The dissolution of boards of directors of the five banks came as a shock. The Central Bank of Nigeria should not have done that. The CBN is expected to show confidence in the banking industry. The Union Bank is one of the outstanding banks in the country. I don’t think what CBN has done is right. They should have related with the banks confidentially and it should have been a matter between the CBN and the banks without making it public.

“The Federal Government pressurized banks to loan out money for construction and building, etc. The banks were compelled by government to loan out money to people to enable them to buy public assets. It is wrong for the CBN to wake up and sack boards of directors. You don’t just wake up and sack people. You should give them one, two or three warnings before you sack people.
“What the CBN has done portends dangerous trend to our public system. The banks were forced to take over weak banks. It is a hang-over of taking over weak banks.

The banks should now look inward and consolidate themselves. That a bank is large does not mean it is a good bank. They should look into their managerial and administrative structure. It is a hang-over of consolidation of banks.”

Speaking also, Prof. Herbert Orji said: “For the Central Bank of Nigeria (CBN) to dissolve the boards of directors of the five banks means they had market intelligence and that the new management will have more value than the existing board and management. The CBN feels that the risks aspect of these banks must undergo total re-engineering to meet international practice. Secondly, the CBN may also believe that the existing board and management have existed long enough and must have done their best and the banks need new people with fresh idea to come up and make their own contributions.

“Thirdly, the CBN probably expect the board and management to raise the necessary equity fund to replace the massive reduction in the equity profile of those banks as a result of non-performing risk assets.
“Finally, it maybe the CBN way of restoring banks under economic difficulty. The banks not currently affected should pay sufficient attention to existing prudential guidelines and requirement, with regards to weak asset management both nationally and globally.”

In his reaction, Mazi Okechukwu Unegbu said: “I think the Central Bank of Nigeria (CBN) needs to be a little bit covert in the way they handle this kind of issue. It tends to send wrong signal to the system. Publication can be very powerful. When it was published yesterday that one of the banks had problems, many shareholders acted in the stock market. What CBN has done is not unusual but the method adopted is wrong. The banks should have been invited and told to remove their boards and management and this would later be announced as normal management change to maintain confidence in the system.

“The Union Bank is a big and strong bank. The public should not see the five banks as dying and collapsing. The banks are not dying. What happens is that non-bankers destroyed the principle of banks. The banks should appoint creditable bankers to manage their affairs. Marketing alone is not banking. There are lots of conflicting interests to be taken care of by the banks. You have to take care of government, shareholders, maintain liquidity and take care of the interest of the global community. The banks should manage conflicts in such a way that there would be confidence in the system.”

SEFAGO:
I remembering coming to the US, and writing my essays with big grammar. My professors gave me bad grade , criticizing word choice. Now, I write with very limited and simple grammar making sure it elucidates my point. And thats when my grades started going up- Lesson learnt Americans are not like the British its how you say it and not what you say

True talk.
Most of Nigerian students had such experience in American universities.

nethacker:
Nemesis will CAUGHT up or catch up with them
The True Nigerian Student

ROTFLMAO!!

I wont be surprised if madam secretary retracts the statement, she is now contestng for the president of the GAFFE club with Joe Biden.
Bloody liberals!!

Black_Revo:
The Inspector General of Police, Ogbonna Onovo has demanded for extra powers for the force to contain violence at the venues of future elections in the country.

Speaking at the public hearing on "A bill for an Act to further amend the Police Act 1967," Mr. Onovo specifically asked that the police should be empowered to shoot any persons who perpetrate violence through the use of gun at polling stations.
http://.com/csp/cms/sites/Next/News/National/5443545-146/Onovo_seeks_power_for_police_to.csp

Sometimes, I'm baffled with the level of group mentality Nigerians display while responding to sensitive issues.Most even care less to peruse
     through the whole article line after line to avoid being decieved by the attention grabbing headline.
     
     What's wrong for the police to respond force with force? Some people even used the American system of policing to support their claim but they
     failed to mention that the same American police is empowered to respond forcefully if they deem the suspect to be dangerous to them or the
     Society.
    Although the Nigerian Police may not be the best security outfit one could trust, we should always be grateful to the little they are doing.

jay bee:
how does the trend affects u?

Because it pollutes the mind of the young. Do U understand?

Abu-Maryam:
@Thor
This man na ritualist , na Igbo go fit do dis mess. Na dem the turn everythn into money.

Yoruba-man:
You are correct - One time when i was doing my NYSC in Abia state. The ritualist told me if want to become a billionarie over nite i should go sleep with a black goat just like the one above.

You guys are quitessential nincompoop------------------------ jobless idiots!!

olabukola:
When did we become pliable with the ibos and S.south people?. From the exchange i hv read here btw you and those people i don't we are. This NL is a micro Nigeria know. Unless u want to inform us that it has been joke all this while as i bolded above.

Olabukola where were you born/raised? Just being inquisitive because you said in one of your posts that you never spoken/ been
in contact with an Igbo man.

puskin:
I can see that you have a disability in interpreting posts.

Really? 
      Unfortunately your level of reasoning is abysmal,------------- the apogee of ignorance.
      You better learn how to construct a meaningful sentence that conveys your intended message.

puskin:
One of the numerous drama that exist in this country. We seem to be doing well in making news, all for the wrong reasons.

And what's wrong in reporting that 294 Ekiti state workers were employed with fake certificates,
With out any doubt, you must be among those criminals.

Is this how SANUSI is restoring confidence in the Nigerian money market? I thought he promised to
restore confidence in the market as soon as he steps into the CBN mantle.

Gabry:
Igwe in da US, Negrophobic? Yeah I am Negrophobic. Infact Im Negrophobic of yo momma!

Madam Gabry waz up with ya. I just posed an innocous question and you responded as if a cold war had been existing between us.
   
    As for being negrophobic of yo momma, thats your carta blanche. Anyway, thanks for responding to my questions.     CIAO     

Some of my black friends always tell me that Asians are not better than KKK, although most of the ones I do things with are cool.

    Personally, I also found out that most Asians have this feeling of Negrophobia imbued in them. Poster are you also Negro-phobic?

Ijawman:
How come only Yoruba ''generals'' (note generals in quote) wept and genuflected for a junior officer. Does it have to do with the famed cowardice, the desire to live for another Owambe day, or a reflection of their culture of kneeling down for both junior and senior?

ROTFLMAO

[1] Lets start with the adoptation of true Federalism and 100% regional resource control.

[2] CORRUPTION.

[

tkb417:
wahala

this ezegbo people mean bizniz
wahala. abeg, make den first dey commot for Lagos if they really mean biz

na ur papa own Lagoooos? ehh!

platinumnk:
I have never been choked up with Anger on NL before.
Not even that episode with Whitelexi has come close!

U know what, Aloyemeka, I dont give a Bleep if u dont apologize, U dont know me, but I hope u remember when ur own kids are born.

U dont know what I'm capable of.
I think I will leave NL alone for awhile.

What the hell are you capable of ? You better desist from making silly threats.

OMO IBO:
Aloy, you are out of order man.
your response to her comment is/was out of order.

But Aloy responded to her first post which she had modified, both simply screwed up like Prof Gates and sergent Crowley.

hahahahaha, Nigerians will never cease to amaze me. As far am concerned, all Nigerian politicians are only concerned
about their personnal aggrandizement. Ohakim is not the first Nigeria politician that deflected to another party neither would he be the last.

Nigeria really need strict electoral laws which have to be implemented and enforced.