₦airaland Forum

Ganduje is one of the most corrupt politician in Nigeria.

AMINDA:
So, a typical Southsoutherner will see Jonathan and Obi on the ballot and vote Tinubu right? A typical middlebelter will also see Jonathan and Obi on the ballot and still vote Tinubu with the Muslim-Muslim ticket, right? We joke too much but lessons will be learnt.

You do not have to vote. Wike boys will vote for you people. Election doesnt happen in SS. na who get strongest foot soldiers de win

AMINDA:
Sometimes, divided votes can be a strategy just as it was for Tinubu in 2023. The dynamics are now very different. Where will Tinubu get the bulk of his votes from to make him win? Lessons will be learnt.

In the north. South West. And South South

awesomeJ:
And Alhaji said they're making adjustments to turn it to a 700k bpd facility by next year.

It is obvious Alhaji has a bigger plans and have everything mapped out. That's why he comes out gun blazing fighting anyone that stand his way

No refinery in Europe is bigger than Dangote. Most of these refiners now work under capacity because 🇳🇬 imports less Petrol.

awesomeJ:
BUA FY dividend landed!

I never had to fill any form to get dividends, even on my new portfolio with Atlass.

I think CSCS/SEC/Registrars have done what makes sense- if you already have my bank details, why am I having to fill another form in the name of madate??

Which Bua? bua cement or bua food?

Buhari did not want the masses to be burden. Unfortunately the political class and any other people in the country are not on the samet term him.

Buhari was a saint.

anonimi:
When are you starting with your own LGA councillor, chairman and state legislator

Let them next the law first

Nigerians should demand capital punishment for all looters of public fund.

With the culture of corruption of almost legalised, if that's not addressed it will be huge opportunity for politicians to become billionaires in dollars

officialfestus:
3.3kw completed.

How much did you spend please

nairalanda1:
Let's put aside politics for a moment....seriously

The question remains that 'how are we to fund road construction'

This government is not increasing non-oil revenue...but if they were serious about it, it's going to take years to get back to where we used to be.

In the meantime, roads need to be fixed.

So, the surcharge. Which has been there since 2007, but not enforced, meanwhile, roads were bad then, and are bad now.

I am ready to vote out tinubu and have never voted for him, but for the life of me, why do we Nigerians think that we should never pay taxes? It is delusional to believe that a budget less than 50 bn dollars can meet the needs of over 230 million people. Maybe 100-150 bn will do it...and therein lies why APC is bad...both tinubu and late buhari...because they promised diversification, but instead looked for more oyel.


But then again, most of the people complaining are doing so because their side is not in power. They sound like the anti-PDP opposition in the days of PDP being in power. It is this fact that nigerians want to get their side into power that blinds them to cold reality.

The big mistake of course was removing toll gates. That removed a vital source of funding for roads....and hence led to this surcharge of a thing.


NO one should quote me to say that government will chop the tax. If government is chopping tax, you and I are not doing our job of holding them to account.

Bro they are just going to have more money for themselves to steal.

Don't think they will do anything worthwhile with.

Tinubu made more money than pass leader but he's just wasting it with frivolous contract to pay his cronies

amaridigital:
Saner clime, saner clime ordinary tax policies harmonization you dey foam in the mouth. Do you think that they joke with taxes in your so called saner clime? Before you start saying they will use it for infrastructure and not steal, ask yourself if any of your entire family have ever paid income tax except Government workers among them. The policies doesn't introduce new taxes. In fact, they removed taxes for low income earners. Almost all Nigerians supported the new tax law and they were modified to please everyone so why the complain. Oh i forgot that you are one of the followers of the Complainer-in-Chief Mr Town Crier of Agululand. The 5% fuel tax is not new but it was under Ferma law before but Government removed it and add to the new mainstream law now because you and know that Ferma boss won't remit half of the money. You just like to cry without knowing what is paining you. You better rest on this Sunday for tomorrow you must spend all day under the bed hiding from IPOB.

Saner climes this, Saner climes that. Do Saner climes have politicians that they are only there to steal?


Do you know how corrupt this country is? Tpain should show that he's serious in tackling corruption before stealing from people in the name of tax.

50% of all contract sums goes to politicians and corrupt civil servant. Tinubu should fix that.
Nobody will be comfortable paying tax when the families of politicians are living large with the tax payers money

Tinubu is taxing Nigerians with every means available to him.

His wife is taxing Nigerians through birthday fund.

By the time this family is done with Nigerians, the deaf will hear and scream

Tinubu removed subsidy which used to act as succour for the common man.

As if that is not enough, he wants take from already impoverished masses in the name of 5% tax.


Tinubu is the most wicked leader Nigeria ever had in this country.

Forex traders have attributed the recent exchange rate stability to the success of Nigeria’s currency swap agreement with Chinese traders now collecting naira for its currency, the yuan, instead of dollars.

They also identified P2P (Peer-to-Peer) foreign currency trade as one of the factors that is contributing to the stability of the naira.

Peer-to-peer foreign currency exchanges provide users or individuals with an online platform where they can exchange currencies with one another, cutting off intermediaries like banks, foreign exchange services, and other institutions.

P2P exchanges provide users with cost savings and convenience
They stated that these factors are helping to put less pressure on the naira.

Nigeria and China first signed the currency swap agreement in April 2018 for a period of three years amid persistent dollar shortages across the country due to excessive demand for the greenback.
China is Nigeria’s biggest trading partner ahead of the US. Nigeria imported N14.14 trillion worth of goods and services from China and exported goods worth over N3 trillion in 2024.

The deal allows both the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC), which are executing the agreement on behalf of their respective countries, to swap a maximum amount of $2.5 billion.

As part of the regulation then released by Nigeria’s apex bank, the CBN, and PBoC were expected to make available liquidity in their respective currencies for the facilitation and promotion of trade and investments between the two countries through the purchase, sale, and subsequent repurchase and resale of the Chinese Yuan against the Naira and vice versa.
He said, ‘’Yes, the swap agreement between Nigeria and China has some influence on the foreign exchange, but the effect is not that strong in day-to-day market operations. The main idea behind the swap was to reduce dependence on the U.S. dollar for trade between Nigeria and China. So, for businesses importing goods from China, instead of looking for scarce dollars, they can settle transactions in yuan (RMB).

‘’But here’s the thing: in reality, many Nigerian traders still prefer USD because it is more widely accepted globally. Even Chinese suppliers often ask for dollars, not naira or yuan. So, the swap is helpful, but on the ground, its impact on the black market is very small. The dollar is still what people prefer.’’

On person-to-person transactions, Yusuf said that the swap deal has almost no impact on everyday transactions like school fees abroad, medical bills, remittances, or even sending money to family outside Nigeria.

He noted that you can’t easily walk into a BDC and buy yuan like you do with dollars, pounds, or euros. ‘’Even if yuan is available, it’s not liquid in the street market,’’ he said.

What you should know
The currency swap deal between Nigeria and China is significant as it was to allow trading between the two countries to be done directly in their local currencies without any need for the dollar.

This development was to improve bilateral trade between the two countries and engender foreign investment flows and economic cooperation beneficial to both parties.
The significant cut in dollar demand by firms and investors doing business across the two countries will help protect their financial markets and boost their respective foreign reserves.
However, there are still concerns over the ability of the currency swap agreement to fully address the challenge of dollar demand by importers, since imports from China are reported to account for only 20% of Nigeria’s annual total imports.

https://nairametrics.com/2025/09/02/exchange-rate-forex-traders-say-chinese-traders-now-collecting-naira-instead-of-dollars/?fbclid=IwdGRjcAMjfpNleHRuA2FlbQIxMQABHkEUe9gWdHCz2uF4nkanJk27IGjbi5o7kSUNuNBFKc_JiDQQXlXyUP65p_Sh_aem_52lhXpO01p8zG6achYeFHA

BDC operators implicate Kano governor’s aide in N6.5 billion corruption scandal
The operators, in detailed statements given to EFCC and ICPC, described how they moved huge sums of public funds at Mr Rogo’s request.

Some bureau de change operators have implicated Abdullahi Rogo, Director-General of Protocol to the Kano State Governor, in a multi-billion-naira corruption scandal now under investigation by Nigeria’s anti-graft agencies: the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC).

The operators, in detailed statements given to EFCC and ICPC, described how they moved huge sums of public funds at Mr Rogo’s request, transactions investigators say form the backbone of a suspected N6.5 billion fraud and money laundering scheme.

According to investigators, Mr Rogo allegedly masterminded the diversion of billions of naira belonging to the Kano State Government, funnelling the funds through bureau de change operators, shell companies, and personal accounts.

How Mr Rogo implicated
One of the bureau de change operators, Gali Muhammad, told investigators that Mr Rogo personally contacted him to source dollars. Another operator, Nasiru Adamu, managing director of Kazo Nazo and Namu Nakune, said that on 9 November 2023, Mr Muhammad approached him for dollars.

Mr Adamu said his companies received N1.17 billion directly from Kano State’s Federation Account Allocation that same day. In return, he handed over the dollar equivalent to Mr Muhammad, who then delivered the cash to Mr Rogo at the Kano Liaison Office in Asokoro, Abuja.

In a separate statement, Mr Muhammad corroborated this account, telling investigators he personally handed $1 million in cash to the governor’s aide in Abuja, a transaction investigators described as a “blatant disregard” of Nigeria’s Money Laundering (Prevention and Prohibition) Act, 2022.

Role of Accountant General
Aside from the BDC operators, the anti-graft agencies extended investigation to the then Kano State Accountant General, Abdussalam Abdulkadir. According to ICPC documents, Mr Abdulkadir ordered the N1.17 billion payment and facilitated the disbursement using fabricated “letters of authority” purportedly signed by two firms: the A.Y. Mai Kifi Oil and Gas Ltd. and Ammas Petroleum Company Ltd.

The managing directors of the two companies later reportedly told the ICPC that the contracts were fictitious and that they signed the documents under the instruction of Mr Abdulkadir.

Although he admitted authorising the payments, the accountant general could not reportedly justify why the funds were channelled to bureau de change firms.

ICPC investigators concluded that Mr Abdulkadir conspired with Mr Rogo to launder public funds through the currency dealers.

Wider probe
Witness statements seen by PREMIUM TIMES show that the EFCC and ICPC are tracing a chain that links Mr Rogo directly to intermediaries and bureau de change operators who supplied the dollars.

On 14 February 2025, the ICPC formally invited Mr Rogo under Section 28 of its Act to answer questions bordering on fraud, conspiracy, and money laundering. He was advised to appear with a lawyer or representative.

On 18 February, his lawyers, Potent Attorneys, wrote to the ICPC requesting a rescheduling. But two days later, on 20 February, while the request was still under consideration, Mr Rogo filed a court application challenging the summons.

Despite this, investigators said, they pressed ahead.

In April, the ICPC approached the court by ex parte motion, seeking forfeiture of N142 million “reasonably suspected to have been acquired illegally.” On 7 May, the judge granted interim forfeiture of the funds and directed that a notice be published in a national newspaper, inviting anyone with an interest to show cause within a month why the money should not be permanently forfeited.

No claimant emerged. By 2 July, the court ordered a final forfeiture of the N142 million, ruling that it represented proceeds of corruption connected to Mr Rogo.

So far, the ICPC has recovered N1.3 billion linked to Mr Rogo, including funds traced to firms believed to be fronts and his personal accounts.


Investigators, however, say the forfeited amount represents only a fraction of the illicit transactions linked to the governor’s aide.

Front companies and hidden accounts
According to ICPC documents, Mr Rogo allegedly deployed several “front companies”, including H&M Nigeria Limited, A.Y. Maikifi Petroleum, and Ammas Oil and Gas Limited, to siphon state funds.

Investigators also uncovered an account (0505572562) at Alternative Bank, opened in the name of AH Bello Business Solutions Ltd. Prosecutors allege Mr Rogo secretly controlled the account.

Transfers were reportedly made from the Kano State Directorate of Protocol into the account before the money was distributed to bureau de change operators, associates, and relatives.

Between August 2024 and February 2025, the account recorded N3.07 billion in inflows and N2.6 billion in outflows. By 10 February 2025, it had a balance of N142.2 million, which has since been forfeited to the ICPC by court order.

The probes also zeroed in on Mr Rogo’s personal finances.


A Zenith Bank account (1003666925) in his name recorded N2.28 billion in credits and N2.26 billion in debits between January 2022 and January 2025, leaving a balance of N39.3 million. Another corporate account in his name, also domiciled with Zenith Bank, received N54.1 million.

Both accounts have since been frozen under Post-No-Debit restrictions.

Kano Government pushes back
Amid mounting evidence, the Kano State Government has defended its aide, dismissing reports of a N6.5 billion diversion as “falsehoods” sponsored by political opponents bent on discrediting Governor Abba Yusuf’s administration.

The government insisted that all financial transactions within ministries, departments, and agencies were properly budgeted and accounted for, adding that no official had access to funds outside approved purposes.

It also explained that the Directorate of Protocol oversees logistics, welfare, accommodation, and travel arrangements for the governor within and outside Nigeria, as well as support for visiting dignitaries, including the president, ministers, diplomats, and other VIPs.


The Kano government claimed that the accounting practice Mr Rogo is enmeshed in is practised by all the states in Nigeria, as well as the federal government.

Despite the Kano government’s claim, however, the EFCC and ICPC are continuing their investigations into the scandal.

Prosecutors suggest that more revelations may surface in the coming weeks, with investigators convinced that the transactions linked to Mr Rogo represent one of the most brazen diversions of public funds in Kano’s recent history.


https://www.premiumtimesng.com/news/headlines/817473-bdc-operators-implicate-kano-governors-aide-in-n6-5-billion-corruption-scandal.html?fbclid=IwdGRjcAMgDVdjbGNrAyAMB2V4dG4DYWVtAjExAAEe5dTbM6GL11buntUCUYLUjT-XJcfcXMIJzXMleYUNYH2mkdFFsFSslLBoOds_aem_NOhW3v_iVGpmwMA21Q1_Ig

Gov. Hope Uzodimma of Imo State has approved a new minimum wage of N104,000 for civil servants in the state.

Uzodimma made this known during a meeting with various labour union leaders on Tuesday night at the Government House in Owerri.

The News Agency of Nigeria (NAN) reports that the governor increased the minimum wage from N76,000 to N104,000.
Similarly, the minimum wage of doctors was raised from N215,000 to N503,000, while that of tertiary institution teachers increased from N119,000 to N222,000, among others.

He said Imo citizens had faced numerous challenges since his government took office, including insecurity, the COVID-19 pandemic, economic hardship from reform policies, and disputes over minimum wage and subsidy removal.

“There is no way any government will do well if it doesn’t have a friendly and cordial relationship with the organised labour.

“When workers are paid well, productivity rises, families are happier, and the local economy grows.

“This is our way of investing in Imo people. Government believes in stimulating political and economic activities, carrying bureaucrats along, and making sure that workers’ welfare is highly respected,” he said.

Uzodimma said that the state Internally Generated Revenue (IGR) had grown from N400 million to over N3 billion monthly.

According to him, in 2020, we were receiving allocations between N5 billion to N7 billion, but it has increased to N14 billion.

“In 2020, the state recorded a debt profile of over N280 billion but has reduced to less than N100 billion,” he added.

The governor recalled that when he assumed office in 2020, the major infrastructure in all sectors was totally collapsed.

He said a lot had been expended to rebuild the collapsed infrastructure, especially roads, and to combat the insecurity challenges.

He stressed that the removal of fuel subsidy had equally raised the cost of living in Nigeria as much as it had its own advantages.

Related News
Uzodimma commiserates with families of five killed in Okigwe massacre
Police confirm killing of five persons by gunmen in Imo
Group demands action over deadly attack in Imo community
“It is a thing of joy that we have started seeing the dividends of that bold decision of President Bola Tinubu to remove fuel subsidy.

“What government is confronted with now is how to ensure that the dividends of that policy trickle down to the common man on the street.

“Cognisant of the fact that our effort has started yielding dividends, that our IGR has improved, and that reform policies of the President have also increased our allocations to sub-national governments, every responsible government must be transparent about it,” he said.

The governor further said that the state government will, on Aug. 27, begin payment of the last batch of gratuity of N16 billion owed pensioners in the state.

He said his administration had carried out major reforms in the health sector, including initiating a health insurance scheme and equipping health facilities to ensure world-class treatment for Imo citizens.

He said his government had keyed into the Federal Government project of establishing 1,000 businesses in every active INEC ward.

He charged labour unions to unite to foster good working relations between labour and government.

Uzodimma, who solicited value addition from workers, also cautioned them against unethical practices and redundancy at work.

Responding, the state Chairman of the Nigeria Labour Congress (NLC), Mr. Uchechigemezu Nwigwe, described the increase in minimum wage in the state as “victory for the entire workforce in the state.”

Nwigwe said Uzodimma did not only rescue the workers from the economic challenges but had made the state one of the highest in payment of minimum wage.

“Today, no worker in Imo will say you (Uzodimma) have not been fair to us,” he noted.

Nwigwe prayed to God to continue to protect the governor, assuring him that workers will reciprocate the gesture with more diligent, efficient, and effective service.

https://guardian.ng/news/imo-gov-raises-minimum-wage-to-n104k-doubles-doctors-salary/

megawealth01:
LORD have mercy

That's just it. Anytime you hear that so so person sabi work. just know the person knows how to make money for himself and oga.

Bizibi:
corruption is not a crime in Nigeria anymore,it is now a culture...... when it gets to that level it becomes normal even the upright will partake in it.

Yes. Corruption is norm here. Funny thing is the people that are being celebrated are those that knows how to game the system and steal from government coffers

Streetinvestor2:
The government has been saying part of the gain is they have more money to share in naira value.
I supported the policy don't get me wrong.
I supported it because I hoped the borrowing will reduce drastically but the revise is the case with this ones implementing it.
I supported it because I was expecting the monetary gains to be channelled to sectors that will make living better for nigeria

What do we have in return is opposite
We are seeing all kind of waste. All kind of bloated contracts on things that are not immediate needs.The government and her agents are living larger than life while Nigerians who made the sacrifice are dieing of hunger and poverty. This has made a intended good policy to be a nightmare because of the people implementing it has surrounded it in corruption.
U hear 419billion shared to 6 million nigeria. How many billion for renovation of airport, conference center, high way of fraud when exiting roads are not motorable. U hear private jets,150 billion to build bus terminals etc
Oga the government is to corrupt. Is this government living and spending like we whr in economic crisis. The gains are just being looted
Make we dey talk truth and leave politics.
Next yr u want me to increase ur unnecessary expenses by taxing like we have in working economy. Make dey come collect make I see from me.What I am seeing in teaching hospital in the past two months because I have someone with cancer health challenge. We practically do everything outside the hospitals because those things no dey the hospital at cut throat price. I am seeing the unbelievable because many can't afford it in the hospital

You are right my brother, very right. The problem is corruption is norm in Nigeria. I have worked in two government agencies and I can confidently tell you everyone is corrupt in Nigeria. From the CEO of the organisation receiving kick back to the contractor and government supervisors conniving to cut corners and receive their part. I have only met few public servants that are upright, they also do the chopping but atleast they are not greedy and have people at heart. That's why I just gave up on this country.

Despite the hard stance of Buhari against corrupt people, corruption still went on unabated under him.

Tinubu is not even pretending to fight corruption..

Agbalowomeri:
How sure are you that we are not already at the top?

Might be possible. Lower cap assets running usually mark the end of bull market.

Streetinvestor2:
The bag holders have not yet bought. Those insurance stocks will still go above those prices this yr.Some will still touch #5.It is not only kpakus that can manipulate thr price.The burst will come after thr full yr result. The jingles is seriously happening in social media platforms to an extent my wife is now interested and asking what is jijo. She want to invest because someone is promising 500% on his twitter space for insurance stock. Na me no agree yet

The jingles have indeed started in social media.. I see the top happening around December.

I see some Hausa content creators teaching people how to buy stock with 2000 naira

megawealth01:
Today's Top Volume Trades

Please which platform is that

Truths9ja:
Why did America immigration agency denied Chief priest visa. Chaiii. Even chioma parent too aren't allowed entry to America. Just to tell you here that America is a well structured nation. Unlike Nigeria system

Na picker oo. Dem fit grab am. He knows what he's doing

hallysonia:
I bought BUA cement at 170

I diversified my share into DS, BUA CEMENT, and Jaiz bank.

Not interested in anything insurance, interest-based bank/financial services, Guinness or alcohol industries, and hotel as well.

Wanna ingest some other 500k, but I'm holding on for now. I need to learn a lot. I'm not rushing..

Are you Muslim?

hallysonia:
Hi all,

I'm new here and I've been observing some guru like streetinvestor, Loco, EDUCO, SonofElElyonRet, and the likes.

Nice talks and maybe arguments. I'm newbie and I'm still observing, but you guys dey confused me sometimes, lol.

Anyway, DS and BUA CEMENT dey currently show me shege. Still holding though, since they have strong fundamental.

Will appreciate any further advice.

Thanks.

Hallysonia

How much did you buy Bua cement?

I bought at 75. I'm up more than 100% since then

PlasmaTV:
Man looks sharp.
Let's hope he does something worthwhile unlike his counterpart Adelabu.

Man was a guy man. That's the reality of the country.

emmasoft:
Don't be angry with yourself. You should be happy. Normally, you will always discover what you are interested in. Just know that it's when you decide to look at another way apart from crypto that is why you get in here. It's a case of no interest, no findings!

I advise you to keep learning, though stocks and crypto differ, but they share some similarities, particularly in terms of price movement. It can either be up or down, and capital and returns are not guaranteed.

The time you came to the market is bullish, but know for sure that the bear will also surface at some point in time. That is the circle of the stock market.

Have a defined objective and your plan should be, find how to navigate and win during the bull and the bears, don't also forget
1. No man can time the market guru or newbie - the market has a mind of its own
2. Try as much as possible to control these two emotions: FEAR and GREED.

Fear will make you lose the money you would have made by not allowing you to take the calculated risk, while Greed will make you lose the money you already made by making you stay longer than necessary.

Welcome onboard.

I wish you a bullish and green portfolio.

Thank you very much. This is one of the good thing about stocks. The marketers are knowledgeable and there are resources to learn from. Unlike crypto that most of the influencers are just shilling random coins to use you as an exit liquidity

While I lost so much in crypto, the experience has taught me a good investment principle. I am no longer chasing 15x or 10x within a year. Most times it is better to invest in fundamentally sound assets and just wait, you will likely be better than those chasing larger gains with riskier assets.

I also understand time in the market always beats timing the market. May we all become successful in our journey to financial freedom.

EDUECO:
No na black chip stock?

A bank that has consistently made profit and paid dividends for the past 5 years is what ?

All these 'send me an email' monkey hunting gang think they can antagonize or gaslight me? No they can't!

In Nigeria I think the yardstick for becoming blue chip now is to have atleast trillion naira market cap and have a history of growth for may be 10 years.

Fcmb being 400 billion market cap means it might be prone to volatility than trillion naira blue-chip like say Bua or dang

It's market cap being less than

EDUECO:
Cryptocurrency is a kind of advanced Ponzi or scam.

Have it at the back of your mind you can also lose money in stock investment.

I know. You can buy 100 crypto currency coins and I will assure you 96% of them will turn to zero after 5 years.

This is not so in stock business. Yes there's bear and bull season. But a company will hardly lose 90% of its share price as long as it is still in business.

The only crypto currency worth investing is bitcoin.

The rest are all going to zero because they provide no real value. It's just the matter of when

I'm just angry I'm just finding out about this thread not long ago.

I have doubled my money since I joined 3 months ago.

I was losing money back to back in crypto