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The former Central Bank Governor, Sanusi Lamido Sanusi, surprised guests present at the Muson Centre for the launching of the book of Sir Olaniwun Ajayi. Below is his unedited speech. “Let me start by saying that I am Fulani (laughter). My grandfather was an Emir and therefore I represent all that has been talked about this afternoon. Sir Ajayi has written a book. And like all Nigerians of his generation, he has written in the language of his generation. “My grandfather was a Northerner, I am a Nigerian. The problem with this country is that in 2009, we speak in the language of 1953. Sir Olaniwun can be forgiven for the way he spoke, but I cannot forgive people of my generation speaking in that language. “Let us go into this issue because there are so many myths that are being bandied around. Before colonialism, there was nothing like Northern Nigeria, Before the Sokoto Jihad, there was nothing like the Sokoto caliphate. The man from Kano regard himself as bakane. The man from Zaria was bazazzage. The man from Katsina was bakatsine. The kingdoms were at war with each other. They were Hausas, they were Muslims, they were killing each other. “The Yoruba were Ijebu, Owo, Ijesha, Akoko, Egba. When did they become one? When did the North become one? You have the Sokoto Caliphate that brought every person from Adamawa to Sokoto and said it is one kingdom. They now said it was a Muslim North. “The Colonialists came, put that together and said it is now called the Northern Nigeria. Do you know what happened? Our grand fathers were able to transform to being Northerners. We have not been able to transform to being Nigerians. The fault is ours. Tell me, how many governors has South West produced after Awolowo that are role models of leadership? How many governors has the East produced like Nnamdi Azikiwe that can be role models of leadership? How Many governors in the Niger Delta are role models of leadership? Tell me. There is no evidence statistically that any part of this country has produced good leaders. You talk about Babangida and the economy. Who were the people in charge of the economy during Babangida era? Olu Falae, Kalu Idika Kalu. What state are they from in the North? “We started the banking reform; the first thing I heard was that in Urobo land, that there will be a curse of the ancestors. I said they (ancestors) would not answer. They said why? I said how many factories did Ibru build in Urobo land? So, why will the ancestors of the Urobo people support her? “We talk ethnicity when it pleases us. It is hypocrisy. You said elections were rigged in 1959, Obasanjo and Maurice Iwu rigged election in 2007. Was it a Southern thing? It was not. “The problem is: everywhere in this country, there is one Hausa, Ibo, Yoruba and Itshekiri man whose concern is how to get his hands on the pile and how much he can steal. Whether it is in the military or in the civilian government, they sit down, they eat together. In fact, the constitution says there must be a minister from every state. “So, anybody that is still preaching that the problem of Nigeria is Yoruba or Hausa or Fulani, he does not love Nigeria . The problem with Nigeria is that a group of people from each and every ethnic tribe is very selfish. The poverty that is found in Maiduguri is evenworse than any poverty that you find in any part of the South. The British came for 60 years and Sir Ajayi talked about few numbers of graduates in the North (two at independence) . What he did not say was that there was a documented policy of the British when they came that the Northerner should not be educated. It was documented. It was British colonial policy. I have the document. I have published articles on it. That if you educate the Northerner you will produce progressive Muslim intellectuals of the type we have in Egypt and India. So, do not educate them. It was documented. And you say they love us (North). “I have spent the better part of my life to fight and Dr. (Reuben) Abati knows me. Yes, my grandfather was an Emir. Why was I in the pro-democracy movement fighting for June 12? Is (Moshood) Abiola from Kano ? Why am I a founding director of the Kudirat Initiative for Nigerian Development (KIND)? “There are good Yoruba people, good Igbo people, good Fulani people, good Nigerians and there are bad people everywhere. That is the truth. “Stop talking about dividing Nigeria because we are not the most populous country in the world. We have all the resources that make it easy to make one united great Nigeria . It is better if we are united than to divide it. “Every time you talk about division, when you restructure, do you know what will happen? In Delta Area, the people in Warri will say Agbor, you don’t have oil. When was the Niger Delta constructed as a political entity? Ten years ago, the Itshekiris were fighting the Urobos. Isn’t that what was happening? Now they have become Niger Delta because they have found oil. After, it will be, if you do not have oil in your village then you cannot share our resources. “There is no country in the world where resources are found in everybody’s hamlet. But people have leaders and they said if you have this geography and if we are one state, then we have a responsibility for making sure that the people who belong to this country have a good nature. “So, why don’t you talk about; we don’t have infrastructure, we don’t have education, we don’t have health. We are still talking about Fulani. Is it the Fulani cattle rearer or is anybody saying there is no poverty among the Fulani?”, he said.This is a great message to our generation. Are we truly ready to develop and unite Nigeria. |
Zoharariel:This is the truth,may god bless your intelligence |
Fellow Heads of State & Government, The Secretary-General of the Commonwealth, the Rt.Honourable Patricia Scotland, QC, Business Leaders, Representatives of Civil Society Organizations, Your Excellencies, Ladies and gentlemen I am delighted to be invited to this event to exchange views with you my fellow invited guests representing Governments, the Private Sector and Civil Society Organizations. I thank you Your Excellency, the Secretary-General of the Commonwealth, for asking me to speak at this gathering. 2. Corruption is a hydra-headed monster and a cankerworm that undermines the fabric of all societies. It does not differentiate between developed and developing countries. It constitutes a serious threat to good governance, rule of law, peace and security, as well as development programmes aimed at tackling poverty and economic backwardness. These considerations informed my decision to attend this event as well as the Anti-Corruption Summit organized by Prime Minister Rt. Hon. David Cameron that will be held tomorrow. I expect that today’s event would feed into the discussions that will be held tomorrow at Lancaster House. 3. In 2003, when the world came together to sign the United Nations Convention Against Corruption (UNCAC) that entered into force in 2005, it was with a view to tackling the growing threat that corruption had become to many nations. Little did we know that eleven years since then, the problem would still continue unabated, but even become more intractable and cancerous. 4. Permit me to share with you our national experience in combating corruption. I intend to do this by placing the fight against corruption in Nigeria within the context of the three priority programmes of our Administration. On assumption of office on 29th May 2015, we identified as our main focus three key priority programmes. They are, combating insecurity, tackling corruption and job creation through re- structuring the declining national economy. 5. Our starting point as an Administration was to amply demonstrate zero tolerance for corrupt practices as this vice is largely responsible for the social and economic problems our country faces today. The endemic and systemic nature of corruption in our country demanded our strong resolve to fight it. We are demonstrating our commitment to this effort by bringing integrity to governance and showing leadership by example. Excellencies, Ladies and Gentlemen 6. Tackling the menace of corruption is not an easy task, but it is possible even if many feathers have to be ruffled. Our Government’s dogged commitment to tackling corruption is also evident in the freedom and support granted to national anti-corruption agencies to enable them to carry out their respective mandates without interference or hindrance from any quarter including the government. 7. Today, our frontline anti-corruption agencies, namely, the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and other related Offences Commission (ICPC), the Code of Conduct Bureau (CCB) and the Code of Conduct Tribunal (CCT), have become revitalised and more proactive in the pursuit of perpetrators of corrupt practices, irrespective of their social status and political persuasion. This is a radical departure from the past. 8. We have implemented the Treasury Single Account (TSA) whereby all Federal government revenue goes into one account. This measure would make it impossible for public officers to divert public funds to private accounts as was the practice before. Through the effective application of TSA and the Bank Verification Number (BVN), we have been able to remove 23,000 ghost workers from our pay roll, thereby saving billions that would have been stolen. 9. We are also reviewing our anti-corruption laws and have developed a national anti-corruption strategy document that will guide our policies in the next three years, and possibly beyond. 10. I am not unaware of the challenges of fighting corruption in a manner consistent with respect for human rights and the rule of law. As a country that came out of prolonged military rule only sixteen years ago, it will clearly take time to change the mentality and psychology of law enforcement officers. I am committed to applying the rule of law and to respecting human rights. I also require our security agencies to do the same. 11. I admit that there are a few cases where apparently stringent rules have been applied as a result of threats to national security and the likelihood that certain persons may escape from the country or seek to undermine the stability of Nigeria. It is for this reason that we are seeking the support of many countries for the prosecution of certain individuals residing in their jurisdictions. Of course we will provide the necessary legal documents and whatever mutual assistance is required to secure conviction of such individuals, as well as facilitate the repatriation of our stolen assets. 12. Unfortunately, our experience has been that repatriation of corrupt proceeds is very tedious, time consuming, costly and entails more than just the signing of bilateral or multilateral agreements. This should not be the case as there are provisions in the appropriate United Nations Convention that require countries to return assets to countries from where it is proven that they were illegitimately acquired. 13. Further, we are favourably disposed to forging strategic partnerships with governments, civil society organizations, organized private sector and international organizations to combat corruption. Our sad national experience had been that domestic perpetrators of corrupt practices do often work hand- in-hand with international criminal cartels. 14. This evil practice is manifested in the plundering and stealing of public funds, which are then transferred abroad into secret accounts. I therefore, call for the establishment of an international anti- corruption infrastructure that will monitor, trace and facilitate the return of such assets to their countries of origin. It is important to stress that the repatriation of identified stolen funds should be done without delay or preconditions. 15. In addition to the looting of public funds, Nigeria is also confronted with illegal activities in the oil sector, the mainstay of our export economy. That this industry has been enmeshed in corruption with the participation of the staff of some of the oil companies is well established. Their participation enabled oil theft to take place on a massive scale. 16. Some of us in this hall may be familiar with the Report released by Chatham House, here in London, in 2013, titled “Nigeria’s Criminal Crude: International Options to Combat the Export of Stolen Oil.” The important findings of the Chatham House document are illuminating and troubling. Part of the Report concluded that: a) Nigerian crude oil is being stolen on an industrial scale and exported, with the proceeds laundered through world financial centres by transnational organized criminals. b) Oil theft is a species of organized crime that is almost totally off the international community’s radar, as Nigeria’s trade and diplomatic partners have taken no real action. c) Nigeria could not stop the trade single-handedly, and there is limited value in countries going it alone. 17. It is clear therefore, that the menace of oil theft, put at over 150,000 barrels per day, is a criminal enterprise involving internal and external perpetrators. Illicit oil cargoes and their proceeds move across international borders. Opaque and murky as these illegal transactions may be, they are certainly traceable and can be acted upon, if all governments show the required political will. This will has been the missing link in the international efforts hitherto. Now in London, we can turn a new page by creating a multi-state and multi stakeholder partnership to address this menace. 18. We, therefore, call on the international community to designate oil theft as an international crime similar to the trade in “blood diamonds”, as it constitutes an imminent and credible threat to the economy and stability of oil-producing countries like Nigeria. The critical stakeholders here present can lead the charge in this regard. Excellencies, Ladies and Gentlemen 19. By the end of our summit tomorrow, we should be able to agree on a rules-based architecture to combat corruption in all its forms and manifestations. I agree fully with the Commonwealth Secretary-General that anti-corruption is a shared agenda for civil society, business and government, requiring commitment from companies, creating a space for civil society and governments providing support for whistle-blowers. 20. A main component of this anti-corruption partnership is that governments must demonstrate unquestionable political will and commitment to the fight. The private sector must come clean and be transparent, and civil society, while keeping a watch on all stakeholders, must act and report with a sense of responsibility and objectivity. 21. For our part, Nigeria is committed to signing the Open Government Partnership initiatives alongside Prime Minister Cameron during the Summit tomorrow. 22. In conclusion, may I commend the Commonwealth Secretary-General and her team for hosting this important event. This is a very encouraging way to start your tenure. We wish you the very best as you guide the affairs of the Commonwealth family in the years to come. 23. I thank you. |
Aliko Dangote, the Nigerian billionaire and president of Dangote Groups, announced on Monday that he would invest N2 billion to create jobs and end hunger for Borno State residents living in IDP camps. Mr. Dangote, together with his daughter, made the announcement while visiting the Dalori and Bakassi IDP camps in Borno State. He said that his N2 billion would be spent on the IDPs so that the State government could provide social amenities to all State residents. Mr. Dangote said "I am here to see the IDPs by myself. This is my first time to visit IDPs in Borno but I want to assure you that it will not be the last. We shall continue to work with the State government to make sure the IDP camps are hunger free." Mr. Dangote also stated that his foundation would shoulder the costs of food for the IDPs during the Holy month of Ramadan. "Like I said earlier when I visited the IDP camps, our partnership with Borno State aims to create jobs for our people. Also I assure you that the entire food for IDPs during Ramadan will be given by the Dangote Foundation to assist the State government," Dangote promised. The Shehu of Borno, Umar Garbai Ibn Elkannemi, said thanked Mr. Dangote for his support and urged well-meaning Nigeria to mimic his gesture. "To the best of my knowledge, you have just donated two billion naira to IDPs. With this contribution it will make IDPs smile I think this is highest donor that will come IDPs," the Shehu of Borno said.
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Former Minister of Education, Malam Ibrahim Shekarau has said that the former foriegn affairs minister, Aminu Bashir Wali begged him to share the N950m in his residence.http://www.dailytrust.com.ng/news/general/wali-begged-me-to-share-n950m-in-my-house-shekarau/146144.html
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A former Minister of Foreign Affairs, Alhaji Aminu Wali, has explained why he collected the N950 million campaign funds for Kano State. Wali was arrested on Thursday by the Economic and Financial Crimes Commission (EFCC) over the campaign funds. Speaking on a local ra-dio programme monitored in Kano yesterday, the former Nigeria’s Ambassador to China admitted receiving the campaign funds as the head of a seven-man committee for Kano State. The committee also included former Minister of Education, Malam Ibrahim Shekarau; Senators Bashir Lado and Bello Hayathou of the Seventh Senate; Kano State chairman of the Peoples Democratic Party (PDP), Alhaji Rabi’u Dansharu and Goodluck Jonathan Campaign Coordinator, Mansur Ahmad. He, however, insisted that the money was taken to Shekarau’s house where it was shared. Wali said he did not benefit personally from the campaign funds. The former minister stated that he only collected the money from Abuja because he was the most senior in the committee. The former envoy said he subsequently handed over the money to the committee, which now shared it in Shekarau’s residence in Kano. Among the beneficiaries of the campaign funds, according to Wali, are Shekarau, Ahmad, Dansharu, Lado and Hayatou. The former minister said he was only invited by the EFCC to explain what he knew about the money and he was allowed to take his leave. Shekarau may appear before the anti-graft agency to explain his role in the sharing of the N950 million campaign funds. A source said the commission had invited Shekarau to its Kano office today to answer questions relating to the funds. The EFCC had, on Thursday, grilled Wali and ex-Minister of State for Foreign Affairs, Dr. Nurudeen Mohammed. Both Wali and Mohammed served in the Goodluck Jonathan administration. Mohammed was alleged to have collected N500 million from the campaign funds. It was learnt that the amounts were part of money said to have been allegedly budgeted for the 2015 general elections by Mrs. Diezani Alison-Madueke, the former Minister of Petroleum Resources. Also, operatives of the EFCC, last week, arrested the Cross River State Chairman of the PDP, Mr. Ntufam John Okon. Okon was arrested in connection with the $115 million campaign funds. The Managing Director of Fidelity Bank, Mr. Nnamdi Okonkwo, has since been in the custody of the anti-graft agency over the money. One of the sources, which spoke on condition of anonymity, said the PDP state chairman allegedly, received N500 million from the campaign funds. Okon was arrested on Thursday in Calabar, the Cross River State capital. Meanwhile, former Minister of Aviation, Chief Femi Fani-Kayode, will appear at the EFCC office in Abuja today. Fani-Kayode, who was director, media and publicity of the PDP Presidential Campaign Organisation in 2015, was said to have received N840 million for the campaign project. Operatives of the EFCC stormed Fani-Kayode’s residence on Friday after an invitation on the former minister to appear before the commission today. Some members of the party, including former Imo State governor, Chief Achike Udenwa; former Minister of Finance, Mrs. Esther Nenadi Usman and ex-Minister of State for Foreign Affairs, Prof. Viola Onwilari have been invited and questioned by the anti-corruption agency in relation to the campaign funds. Source:saharareporters.com/2016/05/09/how-we-shared-n950-million-dasuki-inside-ex-minister-shekaraus-living-room |
Front page please,we are really suffering from this heartless beninois |
Nigeria striker Ahmed Musa grew up in Jos and has always called the city home. Hence, the big decision to spare no cost in creating a comfortable and secure abode for his family in the Plateau state capital.http://m.goal.com/s/en-ng/news/17102/extra-time/2016/05/08/23256332/photos-ahmed-musa-set-to-move-into-massive-jos-mansion?utm_source=facebook.com&utm_medium=referral&utm_campaign=enngfb
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Any student of history who has encountered the legendary South African figure called Shaka Zulu knows you either hate him or love him. In a life filled with brutality and deception, Shaka killed his half-brother in order to become king. In the fullness of time, he was also similarly killed by his half-brothers to bring to an end the bloodiest era in the history of his people. As king and warrior, Shaka was so ruthless he killed more of his own people than others did. A man who seemed to love the smell of blood, he killed men and women and children, sometimes in the most casual and cruel of ways. For instance, he killed men who were short because he thought they would be a liability in battle. Declaring a year-long mourning at his mother’s passing, he killed during that period any woman who was found to be pregnant, and for good measure, her husband. He even executed any cows which gave birth, so their calves could experience the pain of being without a mother. In 1985, soon after General Ibrahim Bademosi Babangida (IBB) became Nigeria’s leader, I was in a newspaper delegation which interviewed him in Lagos. At the end of the fairly routine visit, someone asked him who his military hero was. Replied the General: “Shaka Zulu! That was 31 years ago, but I still remember how quickly my blood froze. The interview was a lie, I thought, reflecting on how different it could have been had that final question been much earlier. Nonetheless, you do not write off a man simply because he loves someone you loathe. I rationalized that the Nigeria leader could accomplish some of the things Shaka did, using methods that were humane and elevating. Babangida was in power for eight years, during which he positioned and advertised himself as a historic figure. He turned out to be one, but not in the sense he wants the world to believe. Today, he is remembered for two things. The first is that in 1993, when all of his talk would have produced a new, democratically-elected president in what was Nigeria’s best election up until then, he summarily nullified the process. By that action, he sent Nigeria down a path from which it has yet to recover, remorselessly placing himself first. Shaka. IBB was no stranger to shooting his own friends. During his reign, for instance, he sent to the firing squad General Mamman Vatsa; while the election he nullified was won by Moshood Abiola. Those were two men he dined and drank with: one was shot in the front, the other, in the back. Shaka. The second thing IBB is best remembered for is that his was by far the most corrupt government in Nigeria’s history. He became the gold standard if there is such a thing, of corruption in governance. It was so bad under him that the culture of “settlement” was established. Under IBB’s so-called National Economic and Reconstruction Fund, round-tripping was the order of the day: you obtained a huge “loan” with which you could buy foreign exchange at the cheap official rate, which you sold for an immense profit on the black market. [You could then pay off your loan, if you wished, the same day!] IBB himself was reputed to have amassed a lot of wealth. In 2005, the New York Daily News put him on a short list of former world leaders who stole billions of dollars but had yet to be brought to justice. Despite all of that, and reflecting the emptiness of our national values, he was rewarded with the Grand Commander of the Federal Republic award, the second time by the government of Olusegun Obasanjo in 2005. The irony is that in 1994, one year after Babangida scampered out of office, Obasanjo could see him very well, describing him during a conference in the following words, among others: “…After successfully undoing his military colleagues with the acquiescence of the non-military, General Babangida came out in his true colours, demonstrating again and again that he is a master of intrigues, mismanagement, corruption, manipulation, deceit, settlement, cover-up and self-promotion at the expense of almost everybody else and everything else… Babangida is the main architect of the state in which (Nigeria) finds itself today…” Nonetheless, with the Obasanjo Years winding down, and with no apologies for the grand sabotage of his leadership as a military leader, IBB declared he would be president again in 2007. His 'Vision 2007’ National Secretary, Professor Abdullai Michael, quoted IBB as telling him: “Go [to] work. We shall occupy Aso Rock in 2007. All my past mistakes I have slept over them and will correct them in 2007.” Mercifully, IBB discovered in good time he did not stand a chance and gave up that goose chase. He has maintained a less boisterous profile since then, his wife dying in the United States a few years ago. Here we are in 2016, and IBB, in poor health, was last week widely rumored to have died. He gathered a group of reporters at his so-called Hilltop Mansion last weekend to dispel those rumors. He told them: “It doesn't shock me, neither does it bother me because I know I must go and meet God my Creator one day…” Knowing he would be quoted, he couldn’t resist the temptation to attempt one more of the dribbles that had him nicknamed “Maradona” after the Argentine star. "I strongly believe in this country, which is further demonstrated by the people of this great nation because they are very industrious people, hardworking. This gives me hope for Nigeria.” It is these kinds of platitudes that have made Nigeria the laughing stock she is. IBB’s “optimism” is 30 years late; he should have invested it in the country when he had charge of her. If a Nigerian leader believes his people to be industrious and hardworking, that is his clue to respect them, and to grant the fertilizers they need to bloom. Instead, we often have leaders who flourish in betrayal. That is why Nigeria lacks statesmen. Go to any country and you will find Nigerians scrambling for the crumbs of opportunities their homeland has denied them. Go anywhere in the country and you meet people of great capacity who have been diminished by compromising leadership. That includes you, IBB, perhaps particularly you. By appearing to be reconciling your account with God, however, perhaps you now understand how ephemeral power and wealth are when selfishly acquired and dubiously deployed. But all is not lost. If you truly believe in Nigeria, do something unprecedented and set an example for other former leaders. Give back half your wealth. Return what is not yours and encourage those who acquired so much under you to do the same. Build schools all over the North to enhance education. Build a first class hospital for women in every state in honour of your wife. Endow a chair in every public university for the best graduating students. Every culture, every religion, and every age celebrate penance. When you do go, General, leave Nigerians with strong memories of a truly contrite leader. Not Shaka Zulu. By "sonala.olumhense@gmail.com" Source : saharareporters.com/2016/05/01/reconciling-accounts-ex-excellency-ibrahim-badamosi-babangida-prepares-meet-his-maker |
Obere4u:Why will a core notherner not vote for buhari again come 2019,he has almost stopped bh in a year what the pdp cant do in 6yrs,and who eva come out to deceive people here abt pmb loosing support in the north is deceiving himself,senator misau should be an example of some one who is nt supporting pmb in the north |
Will History Repeats Itself ? Bukola Saraki Might Be Suspended Also The late saraki senior was suspended from the senate,if found guilty in his trial saraki jnr might face worst
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Sijo01:Is a younger brother to the First Lady |
While President Buhari was busy securing great deals for Nigeria in the Chinese presidential Villa, Ekiti state governor, Ayodele Fayose went to a train station in the Yongdingmen Chezhan Lu, Fen District of Southern Beijing to address train passengers. His media handlers called it "a chat with investors."
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PMB, THE ECONOMIST! PMB has done it again. The school cert holder (?) has done what a PhD holder could not. Very simple economics. We buy most of our goods from China, so why must we pay the Chinese in dollars? The Chinese buy a lot of crude oil from us, so why must they pay us in dollars? So PMB made a deal with the Chinese. We pay for the goods we buy from China in Yuan, the Chinese currency. They buy our crude oil and pay in Yuan. The exchange rate is to be pegged at 30 Naira to one Yuan or RMB. So how does it favour us? Simple. The Yuan is now 6.48 to a dollar. So if you pay 30 Naira to the Yuan, that would be equivalent to 194.4 Naira to the dollar. Since the dollar exchanges for 199 Naira, you save N4.6. 199 - 194.4 = 4.6. Simple, huh? In simple terms, PMB has just strengthened the Naira by 9.15%! And that's not the end of the story. As we begin to deal in the Yuan, the demand for dollar would plummet and this in turn would weaken the dollar. It would crash to around 140 Naira to the dollar. May God bless PMB. Can I hear an amen?! |
SpicyJosBabe:Op u forgot to add john obi mikel |
fammo:I concur with you, nevertheless he will be face the law if proven guilty |
1. President Buhari and CBN Governor, Emefiele moved closer to actualizing their promise to strengthen the naira against the US dollars 2.signing a landmark currency deal with the Industrial and Commercial Bank of China Ltd on Tuesday in Beijing, China. 3. The agreement will allow Nigerian who imports mainly from China conclude their transactions in the Chinese currency instead of the dollar 4. The new agreement would see Nigeria-China trades, which accounts for over 70 percent of imports into Nigeria, concluded in the Yuan. 5. Until now over 90% of int'l trades between Nigeria & the world is done in dollars, & in the process putting so much pressure on the naira 6. Nigeria imports almost all it needs from the West, Middle East and Asia. 7. The CBN is expected to diversify a huge chunk of Nigeria’s foreign reserve from the dollars to the Yuan to perfect the agreement. 8. “It means that the renminbi (Yuan) is free to flow among diff banks in Nigeria, & the renminbi has been included in the FXR of Nigeria,” 9. FXR means foreign exchange reserves 10. Lin Songtian, director general of the African affairs department of China’s foreign ministry, told reporters in Beijing ... 11. .. a few minutes after the agreement was signed between the Governors of the nations’ reserve banks.. 12. in the presence of President Buhari & President Xi Jingping of China, who is hosting Buhari and top Nigerian officials to a state visit. 13. Lin said a framework on currency swaps has been agreed with Nigeria, making it easier to settle trade deals in Yuan. 14. China has signed currency swap deals with countries ranging from Kazakhstan to Argentina as it promotes wider use of its Yuan. 15. Nigeria would become the clearinghouse for Yuan denominated transactions for the whole of Africa following the agreement. 16. Beijing also signed agreements to develop infrastructure in Nigeria, part of a drive to deepen its ties with Africa. 17. It has offered Nigeria a loan worth $6 billion to fund infrastructure projects. 18. Also, ICBC signed a $2 billion loan deal with Dangote group, to fund two cement plants it plans to build, Lin told Reuters. 19. China’s official Xinhua news agency cited President Xi as telling Buhari that there was huge potential for economic cooperation, namely oil, refining and mining.. 20. Nigeria is also considering issuing Panda bonds (mainly Yuan denominated) as against euro bonds because they are cheaper. 22. Currency Deal With China MIGHT Crash The Dollar To naira rate ! President Buhari doesn't have certificate but he sure knows how to make things happen and do what some heroes with unproven Ph.D. can't even dream of..
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"U.S Market Panics Over Potential Dollar Crash As Buhari Signs Currency Deal With China. Economic pundits have likened this agreement to his 1984 military regime policy when he directed the Apex Bank to cause a change in the colors of the Nigerian currency. The exercise was designed to render the money alleged to have been stolen by Nigerian political leaders useless in their hands. In a bid not to devalue, Buhari according to experts is seeking for a way to weaken the dollar dominated currency by approving Yaun to be one of the nation’s major foreign exchange currencies." The Punch News. To those shouting why buhari is traveling !!! Naira to Yuan =N30 , Naira to Dollar =N198 70% of our Imports are from China.... No more trading with US '$' Dollar, go get Yuan '¥' and Import from China. CHANGE is here, embrace it.. #This is nothing but the truth. |
I have read what the Honourable Chairman of the House Committee on Appropriation said in justifying removing some items from the Appropriation Bill and including others and I must say there is a distinct lack of understanding in the National Assembly of their role regarding public finances. Section 4 of the Constitution spells out the role of the Legislature while Sections 80-83 capture their role with regards to public finance. None of those provisions empowers them to write the Appropriation for the Executive. To start with, the executive is the government. They are the ones who sell us their vision for governance through their manifesto. By voting them in, we empower them to achieve those aims, and one of the tools they use is the budget. They have an idea of their priority areas and economic direction. It's those priorities they capture in their bill. The Constitution empowers the National Assembly to appropriate funds for those priority areas identified by the Executive in their Bill. If they disagree with an input, they have the right not to appropriate funds and send that item back to the Executive. The Constitution does not say in what manner they can send it back, but by not appropriating funds, they can make their intentions very clear. In more advanced democracies, there will then be meetings and horse trading and some form of agreement will be reached. But from what the honourable member tweeted in defence of the National Assembly, what they did was not just refuse appropriation, they went further to input projects and expenditure on the Executive. Let's be clear. They have no such right or power under the 1999 Constitution (as amended). The mere act of 'passing' the Appropriation Bill sent by the Executive and requesting the President's signature, the legislature in effect wrote the bill, which is a position outside of the contemplation of the Constitution. The right thing to have done was to identify their areas of concern and forward same to the Executive. Take for example the N50bn the honourable member said they set aside for the payment of local contractors. Question is which contractors, on which projects and how were they selected? All these are roles and answers for the executive and not the legislature who are lawmakers. Deleting priority projects of a government is tantamount to sabotage and an economic crime against the people of the Federal Republic. I think because the Legislature have become accustomed to doing things this way in recent years, they have began to believe they actually have such powers and are wielding them accordingly. I remember a concern that as a former military ruler, Buhari cannot play by democratic norms. It now appears it's our agbada wearing legislators who don't understand their role in a Constitutional democracy. I think the Attorney General of the Federation should approach the Supreme Court for an urgent interpretation so as to bury this recurring issue once and for all. https://m.facebook.com/story.php?story_fbid=10208244114354832&id=1061996465&refid=17&_ft_=top_level_post_id.10154151705813478%3Atl_objid.10208244114354832%3Athid.641238477%3A306061129499414%3A10%3A0%3A1462085999%3A2420444450676137140&__tn__=%2As |
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FLASH: #ContactyourSenators SaharaReporters hereby upload telephone numbers of Nigerian Senators so that their constituents can effectively interact and socialize with their reps at the Senate
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If you still want to know why we support General Buhari here is the main reason. Our friends and families in the North East were living in fear and terror for four years. Their markets and sources of living were destroyed by the insurgency. They couldn't go to their farms or markets, and they couldn't even pray in peace. The government did little to help them. The security situation under Buhari has remarkably improved. Boko Haram is no longer capturing villages and towns. People are now living in relative peace. People are returning to their towns and villages. The military and our security agencies are doing their best. Many of us supported him because we knew he would address the problem of insecurity. He did. And we are grateful. We hope the government will support the reconstruction of the communities and infrastructure destroyed by Boko Haram. The problems many Nigerians are now complaining about, such as fuel scarcity and lack of electricity, are things very common in the North East for many years. We will continue to support him so that he can fulfill the other promises he made of improving the economy, creating jobs, and fighting corruption. We will tell him when things are not going well in other sectors. But we have NO REGRETS for supporting Buhari. |
makzeze:Front page please |
madridguy:Amen |
Funny pictures
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kristisking:Why wont they vote for apc when there are no bomb blast in nyanya nd the likes ?, |
The Department of State Services (DSS) has disclosed that its operatives discovered mass graves of Hausa-Fulani residents kidnapped and killed by the members of the Indigenous Peoples of Biafra (IPOB) in Abia state. The DSS has taken over Umuanyi forest near Aba, where at least 55 people were said to have been supposedly buried in graves by the IPOB. The service further blamed IPOB members of the abducting and murdering of five Hausa- Fulani men whose remains it said were buried in the same forest. The DSS disclosed this through the statement by its spokesman Tony Opuiyo in Abuja on April 9. It reads in part: “Service has uncovered the heinous role played by members of the Indigenous Peoples of Biafra in the abduction/ kidnap of five Hausa-Fulani residents, namely Mohammed Gainako, Ibrahim Mohammed, Idris Yakubu, and Isa Mohammed Rago at Isuikwuato LGA in Abia state. “The abducted men were later discovered at the Umuanyi Forest, Abia state, where they were suspected to have been killed by their abductors and buried in shallow graves, amidst 50 other shallow graves of unidentified persons. “Arrests and investigation conducted so far revealed that elements within the IPOB carried out this dastardly action. ” The DSS spokesperson added that it was pertinent to alert the general public that IPOB was step by step showing its true divisive colour and objectives, while steadily embarking on gruesome actions in a bid to ignite ethnic terrorism and mistrust amongst non-indigences in the South-East region and other parts of the country. However, the new leader of MASSOB, another Biafra-related group, Uchenna Madu, recently stated that the activists would remain resolute on their peaceful agitation. IPOB is being led by Nnamdi Kanu, who is being prosecuted by the Federal government for supposed treasonable felony. The security service also alleged that arrested Boko Haram deputy commander, Khalid Al- Barnawi, was responsible for the bombing of the United Nations (UN) building in Abuja, on August 26, 2011 and the attack on troops in Okene, Kogi state, while in transit to Abuja. He was also responsible for the kidnapping of two European civil engineers in Kebbi State in May, 2011, and their subsequent murder in Sokoto state. DSS alleged that the suspect planned and executed the abducting of a German engineer, Edgar Raupach, in January 2012 and the kidnapping and murder of seven expatriate staff of Setraco Construction Company at Jama’are, in Bauchi state in February, 2013. Al-Barnawi, who is believed to be the close ally of the leader of the Boko Haram sect Abubakar Shekau, was arrested recently by the Nigerian army. The US authorities had offered a multi-million- dollar bounty for his capture. Shekau in his latest video threatened to attack Aso Rock presidential villa and warned President Buhari. Source:https://www.naij.com/794017-horror-dss-discovered-mass-graves-fulani-herdsmen-killed-biafra-loyalists.html?utm_source=facebook&utm_medium=social&utm_group=free |
Nigeria's state-run oil firm NNPC and China State Construction Engineering Corporation (CSCEC) have signed a $23bn (£16bn; 18bn euros) deal. The two will jointly seek financing and credits from Chinese authorities and banks to build three refineries and a fuel complex in Nigeria. The project would add 750,000 barrels per day of extra refining capacity. NNPC hopes the construction of new refineries willstem the flood of imported refined products into Nigeria. 'Deepen relationships' Nigeria is the world's 12th-largest oil producer and the eighth-largest oil exporter. But the country imports roughly 85% of its fuel needs because of the disrepair and mismanagement of its four state-owned refineries. "We are about to deepen the existing technical and commercial relationships between China and Nigeria through the signing of a memorandum of understanding," said Shehu Ladan, head of NNPC . The three refineries will be built in Bayelsa, Kogi and Lagos states, while a location has to be confirmed for the petrochemicals complex. The Nigerian government has said that foreign companies must invest in developing Nigeria's infrastructure and economy first, before they can benefit from its oil and gas exports. Source :www.bbc.com/news/10116945?SThisFB%3FSThisFB |

Is he a nobody?