₦airaland Forum

By 2050, the world is likely to have changed drastically from what we know now, and the planet's economic and financial landscape will be no exception.
A report from professional services giant PwC looks at which economies around the world will be the biggest and most powerful in 33 years time.
The report, titled "The long view: how will the global economic order change by 2050?" ranked 32 countries by their projected global gross domestic product by purchasing power parity.
PPP is used by macroeconomists to determine the economic productivity and standards of living among countries across a certain time period.
With the exception of the USA, many of the world's current powerhouse economies like Japan and Germany will have slipped down global rankings, replaced by countries such as India and Indonesia, which are currently emerging markets.
Check out the ranking below (All numbers cited in the slides are in US dollars and at constant values (for reference, the US's current PPP is $18.562 trillion):
32. Netherlands — $1.496 trillion.
31. Colombia — $2.074 trillion.
30. Poland — $2.103 trillion.
29. Argentina — $2.365 trillion.
28. Australia — $2.564 trillion.
27. South Africa — $2.570 trillion.
26. Spain — $2.732 trillion.
25. Thailand — $2.782 trillion.
24. Malaysia — $2.815 trillion.
23. Bangladesh — $3.064 trillion.
22. Canada — $3.1 trillion.
21. Italy — $3.115 trillion.
20. Vietnam — $3.176 trillion.
19. Philippines — $3.334 trillion.
18. South Korea — $3.539 trillion.
17. Iran — $3.900 trillion.
16. Pakistan — $4.236 trillion.
15. Egypt — $4.333 trillion.
14. Nigeria — $4.348 trillion.
13. Saudi Arabia — $4.694 trillion.
12. France — $4.705 trillion.
11. Turkey — $5.184 trillion.
10. United Kingdom — $5.369 trillion.
9. Germany — $6.138 trillion.
8. Japan — $6.779 trillion.
7. Mexico — $6.863 trillion.
6. Russia — $7.131 trillion.
5. Brazil — $7.540 trillion.
4. Indonesia — $10.502 trillion.
3. United States — $34.102 trillion.
2. India — $44.128 trillion.
1. China — $58.499 trillion.

www.independent.co.uk/news/business/these-will-be-the-32-most-powerful-economies-in-the-world-by-2050-a7587401.html?cmpid=facebook-post

Lalasticlala

For fynestboi to scale through the amphi theatre hurdle, I believe in him.

A Prosecution witness in the trial of ex-Chief of Defence Staff Alex Badeh yesterday told the Federal High Court, Abuja his team recovered $1 million from Badeh’s house.
Mr. Goji Mohammed, the 15th witness to testify in Badeh’s trial, said he was part of the Economic and Financial Crimes Commission (EFCC) team, led by Mr. Isyaku Sharu, which searched in Badeh’s house in Asokoro, Abuja.
The ex-Chief of Defence Staff is standing trial on money laundering offence allegedly committed while serving as Chief of Air Staff.
The witness, according to a report by News Agency of Nigeria (NAN), said the team recovered some bank documents, land documents, tax documents and few other instruments.
Mohammed said the commission received intelligence report on another property located at No. 6 Ogun River Street Maitama, which was found to be Badeh’s property.
He said they accessed the building through the balcony by climbing, adding that they invited the security man of the neigbouring house to witness the search.
“When we climbed in, we were in the living area upstairs. So, we used the stairs and went to the living area downstairs and started our search from there.
“ When we got to the biggest room in the house, we saw a wardrobe, on opening it, we saw a bag and on opening it contained foreign currency.
“We saw 16 bundles of 50 U.S. dollars notes and two sealed bundles containing 100,000 U.S. dollars, which we estimated to amount $1 million.
“On further counting the money in our office, we discovered it was exactly one million dollars,’’ he said.
He said they also found a red box which he could not precisely remember what was inside, adding that they also found two way bills of furniture supplied to the building.
When the prosecution sought to tender the search warrant, the red box and the way bill as evidence, the move was objected to by the defence team.
Mr. Lasun Sanusi (SAN), counsel for the defendant, objected to the admissibility of the items, saying they were purportedly obtained from an illegal search.
Sanusi cited Section 115 of Administration of Criminal Justice Act (ACJA) 2015, which states that the occupant of a place searched or a relation shall be at the house and see the items seized.
He said no law permitted state security agents to conduct search by looking for strangers on the street to witness it.
Sanusi said the law gave the owner of the property the impetus to nominate a representative to witness such search, if he or she could not be present.
“My lord, the witness had earlier confirmed that when they were to conduct search on the defendant’s house at Asokoro, they took him along to witness the search. Why was this other one different?
“It is on record that the defendant was still in detention when the purported search was done in his house at Maitama, which is a clear violation of the law.
“My Lord, we are not against the court admitting the search warrant as evidence, but we vehemently oppose to the admissibility of the other items,’’ he said.
However, the prosecution counsel, Mr. Rotimi Jacobs (SAN), argued that Section 149 and 150 of ACJA, which deals with house search warrant permitted the presence of two witnesses.
“This permission covers the person to whom the warrant is addressed and a neighbour within the neighbourhood the property is located,’’ he said.
According to him, the provision allows the person to whom warrant is addressed to look for a witness in the neighbourhood.
He, therefore, argued that no provision of the law compelled the property owner to be present before a search warrant can be executed.
Justice Okon Abang, however, adjourned the matter till Feb. 22 for continuation.

www.thenationonlineng.net/found-1m-badehs-wardrobe-witness-2/


Lalasticlala

ezenaija:
The worst Senator in the history of my Senatorial Zone has positioned to rig again. He always works with INEC to win elections.

Why are you just saying this?

SamuelAnyawu:
I Stand With Samuel Anyanwu


I Stand With Yemi Osinbajo

Leg no dey pain you?

BUHARIISCURSED:
All just to discredit a CHRISTIAN, why not search for MUHAMMAD YAKUBU, why ANDREW YAKUBU?



I STAND WITH JEWISH ANDREW YAKUBU(JEW)

I am not against his prosecution, but all should be treated fairly

And how many Christians has he helped with the money? Oh I remember, Dasuki is a traditional worshipper

soberdrunk:
What is the difference between "48" and "50", dont say "2", if you say "2" you are out of the game, abegi yaga yago supen pen!


Ps- Aunty nor wan old!!!

Ask someone serving 2 years jail term in kirikiri.

sipsip:
My colleagues stopped visiting nairaland. Say it's not all coordinated cause it's full of children. I didn't believe cause na addiction... Well, it is really full of kids. That explains all the childish attitude all around here... It's still am addiction though. Maybe I'll just watch who I reply or converse with.

Is it about the age or the brain?

agongajoseph:
Cultists

Guy, we are talking about Great Ife here

Through isteekharoh

temptnow:
Why not investigate and allow the children be. South South we need to stand up against this evil government who only want to drag us down

Andrew Yakubu is being probed by EFCC, northerners are happy with it
Obanikoro is under probe, westerners are okay with it

As for you people, you always look for someone to blame.

How much dem dey share una?

Love Machine:
When will efcc seize tinubu's properties like oriental hotel lekki,Renaissance hotel gra,ikeja.TVC and radio continental amongst others?These listed properties are proceeds from corruption.

Tinubu was tried under PDP government, and the court exonerated him

Na dem dem

Nigeria sef! One day, one story.

We will get there one day.

Upon all, Man united is still at the 6th avenue.

Bujumbura:
All these nonsense to divert our attention from buhari health status. I refuse to join in these wailings

Do you really care about the president?

akoko11:
Fiscal federalism is d sure answer

Even without fiscal federalism, your governors can still be responsible.

akoko11:
All these roads are constructed using oil money, yet all the nigerdeltas ststes could not make d list.

We need true fiscal federalism or give us Niger Delta Republic

Most are done by the state governors, so hold your governors responsible.

Southwest Governors on Monday resolved to work together to address the security challenges confronting the region and foster economic growth and well-being of the people.
The Governors, in a communiqué issued at the end of the meeting of Southwest Governors’ Forum held at the Government House in Ado Ekiti, Ekiti State, also agreed to adopt a uniform educational curriculum to boost educational system in the region.
The meeting was attended by Governors of Lagos, Oyo, Osun, Ondo and Ekiti States – Mr Akinwunmi Ambode, Senator Abiola Ajimobi, Ogbeni Rauf Aregbesola, Dr Olusegun Mimiko and Mr Ayodele Fayose respectively.
Ogun State Governor, Senator Ibikunle Amosun was represented by his Deputy, Mrs Yetunde Onanuga.
Fayose, who read the communiqué to journalists, said the Governors resolved that all Commissioners of Police and intelligence institutions in the region will henceforth meet regularly to compare notes and work together to manage in a concerted way the aerial, land and waterway security architecture of the region with State Governments supporting with the critical resources.
He said the Governors also approved the report of the workshop on security, law and order in the Southwest hosted by Lagos State.
According to him, the Governors also approved the constitution of a Regional Technical Working Group on integrated infrastructural development with regards to multi-modal transportation system such as highways, rail, water and air, as well as integration on energy and power, digital and telecoms and leisure and entertainment.
He added that the Governors further agreed that Odua Investment Group should serve as a special purpose vehicle to drive the regional economic integration mission, while the Development Agenda for Western Nigeria (DAWN) Commission would be supported to achieve the objectives of its establishment.
He added: “It was agreed that a Committee should be set up on Federal Government allocations in agriculture to be accessed for regional benefit.
“An expanded Committee to be set up to make consultations, give consideration and set objectives on the regional direction with regards to the Federal budget on its implementation especially on agriculture with emphasis on irrigation and storage.”
Earlier in his opening remarks, Fayose urged his colleagues in the region to rise above partisan politics and work for the unity and economic growth of the region.
He said it was time for leaders of the region to take affirmative action and speak with one voice on issues affecting the Yoruba nation.


www.vanguardngr.com/2017/02/ambode-fayose-ajimobi-aregbesola-mimiko-meet-ekiti/


lalasticlala

Alhamdulillah for the life I'm living.

Capital punishment please

•Ex-GMD battles for bail
•Magu praises officer behind the expose

Residents of Sabon Tasha, the Kaduna slum from where operatives of the Economic and Financial Crimes Commission (EFCC) recently recovered an alleged loot of $9.7million and 74,000 pound sterling are angry with former Group Managing Director of NNPC, Mr. Andrew Yakubu, who is believed to have kept the money in his house there.
Such is the bitterness of the residents’ anger that they now rain curses on him for locking up equivalent of billions of naira in the community where many go to bed in hunger.
Yakubu remained in EFCC custody yesterday, battling for bail.
Following the discovery of a whopping $9.7m in a Kaduna slum house allegedly belonging to the former Group Managing Director of NNPC, Yakubu, residents of the area have expressed anger and rained curses on the owner for locking up billions in a community where many go to bed in hunger.
The residents gathered in twos and threes yesterday discussing the recovery which was widely published yesterday by the media.
They were shocked that such a huge amount of money was kept close to them when many cannot afford three square meals or meet their basic needs.
Some branded his action as sheer wickedness.
One Jerry D. Ishaya said: “If you keep a large sum of money somewhere, whether you got it legitimately or illegitimately, bring it out and invest it for the people to benefit.
“If anyone is caught looting, let him face the law. After all, EFCC was established by PDP.”
Another resident, Mrs. Shila Musa said “those stealing our commonwealth and making us languish in abject poverty will not know peace.
“Just imagine, an amount that is enough to resuscitate the entire textile industry in Kaduna in the hands of one man, ‘Allah ya isa’ (God will judge).
“I am a Christian and I know in a situation like this some people will be blindly supporting this kind of person. But the question is: of what benefit has his loot being to Christians?
“So, Nigerians must wake up and fight their common enemies looting our treasury irrespective of their religious or ethnic affiliation,” Mrs. Musa said.
Yakubu, according to EFCC sources has admitted ownership of the money.
He claimed the money was a gift.
The anti-graft agency, The Nation gathered yesterday, is also reviewing certain actions of Yakubu when he held sway at the NNPC.
The Acting Chairman of the anti-graft agency, Mr.Ibrahim Magu is full of praise for the head of the commission’s operations in Kano Zonal Office, Mr. Adamu Dan Musa who led the team that recovered the money.
Yakubu is said to be keen to go home on bail.
Also working hard to get him released on bail are several prominent Nigerians including a Senator.
However, EFCC sources said its investigation of the detainee is far from concluded.
A top source said: “The ex-GMD is still in custody, we want him to give us the list of those who gave him the $9.8million as gift.
“We are also considering other clues which we have stumbled upon in the course of this investigation. We will grant him bail as soon as we sort out a few things.
“It is interesting that some prominent Nigerians, including a Senator, have been begging us to release the ex-GMD. But EFCC only complied with the rule of law and not sentiments.”
Meanwhile, Magu yesterday commended Mr. Adamu Dan Musa, the commission’s head of operations in Kano Zonal Office, who led the team that recovered the money.
The Head of Media and Publicity of the commission, Mr. Wilson Uwujaren, said Magu spoke after the commission’s monthly keep fit programme.
Magu said the officer and his team “demonstrated courage, professionalism and integrity in executing the raid that yielded the astounding discovery.”
He asked staff of the commission to “emulate the team as the EFCC is poised to take the fight against corruption to new heights.”
The statement added: “The EFCC boss also used the opportunity to clarify the misleading information in a release by the Police Service Commission (PSC) concerning the promotion of six policemen for outstanding performance.
“One of the newly promoted officers, Suleiman Abdul, who is currently on secondment at the EFCC, was purportedly promoted to the rank of Assistant Commissioner of Police because he “recently recovered N42billion for the Federal Government”.
“Magu said he is unaware of any recent recovery by the officer.
“He may have made recovery in the past. But in the last six years I am not aware of any recovery by the officer to warrant commendation by the commission.”



www.thenationonlineng.net/alleged-9-7m-loot-angry-kaduna-slum-residents-curse-ex-nnpc-boss-yakubu/


Lalasticlala

The guy really wan finish Yakubu

Jonathan drove us into recession while Buhari is doing nothing visible to take us out. Both are guilty.

The Igbos no dey disappoint.

NCAN, food is ready

olaolulazio:
I only asked a question.

He is in U.K, he will be back when he is fit to do so. Human beings do fall sick. I hope I have answered you correctly.

olaolulazio:
Pls, when is president Buhari coming back?

One would think you people love the president the way you have been clamouring to have him back in Nigeria. So far governance is not on stand still, I see no reason why his absence should be a topic.

[quote author=hammerF post=53628342]That fact will never go away. Though it is my opinion and point of view. [/quote
Creating billionaires is an achievement?]

hammerF:
Still playing the blame card.

Buhari told us he was fighting corruption and have recovered billions of Dollars, nobody can account for wat Buhari did with the money.


APC have been in government since 2015. They have no clear economic blue print or political strategy aside blaming GEJ.


It is important that GEJ government was recognized internationally as the least corrupt by Transparency International under Buhari Nigeria corruption level was not recorded as improving since GEJ left office.


Were previous government before GEJ not corrupt? Yet under GEJ Nigeria economy was number 1 in Africa and we produced the richest man in Africa.


We should have just allowed GEJ to continue to be responsible instead of this excuse of a useless lieing Buhari led APC gov.

Smh!

Oil is actually a curse to the entire country