₦airaland Forum

Why do they keep sealing business premises? How does that help the investigation? We need those economic activities in other to get out of this recession.

Maybe they are yet to realise that the world economy only strives on corruption. That is why the world powers are always soft on financial crimes. If not, the Swiss govt should have shut down companies in possession of Abacha's loot.

All the money efcc recovered from Ibori and Alamaisyha, have they been able to account for it?

erico2k2:
Speak for yourself.cos of this guy I nor lay school fees for my final years in Uni cos of bossary .We are the first to collect our bosseries as Deltans . That year a where an Ondo state athlete won Gold he got N60k Delta paid N1M same event nor even start abeg..People in Delta North your Son is now the governor so watch how he transforms his village if he can't hold him .

OMG! Why are we so selfish as a people. It's all about what I got. Not minding the number of people wallowing in poverty because of their level of looting. May God deliver us all from this mindset of dog eat dog.

We truly deserve the kind of leaders we have as a nation. He paid you from his father's money abi? Hope the people that got 1million are still eating the money till date?. Ibori was nothing but a thief, if are unhappy with that statement you can go to Hague to challenge his indictment.

Do you know that because of people like Ibori, Uduaghan, Ochei, Okowa etc that the unborn generation already have debts hanging on their heads as deltans with nothing to show for it? Albeit, you didnt know.

maximilian0:
A known criminal , person wen go prison the fact say nigerian law say him dey innocent is just a tip of the corrupt legal system
Instead of him to be shamed and disgraced you guys want to welcome him

Delta state people no get sense

You no lie my brother. We Deltans are so foolish. I believe Fela made that track of suffering and smiling specially for us. This is really depressing.

ClassCaptain:
I also went to project fame 2013 at Ilorin...They sent me out...
...

look at I mike , look at olawale... Past winners of mtn pfame, where are they now Yet praiz and niniola that didn't even win are making waves..

Hoping to perform on that stage too by God grace .


anyway, life is all about determination and hardwork plus a lil bit of luck

Wow... You follow Niniola too. She is good

Dutchboy:
Our founding fathers must be rolling in their graves,this is not why they fought the British for us to get independence,so people like Tinubu can bring Local colonisation to the country.

Abeg our founding fathers were nothing but a bunch of power hungry monsters. They never fought for a better Nigeria. They only negotiated with the British to replace them as our slave masters. They laid the foundation for the monumental corruption in our society today.

Adminisher:
That's MAN was not fit for office. I know for a fact that more than half of Nigeria's revenues were stolen before entering the budget. When they budget they steal another one-third and the remaining two-thirds of that budgeted money they keep in banks before TSA came. Yet some minister was reporting fantastic GDP growth figures when we all knew infrastructure and power development did not support that figure.
The failure of GEJ was his self acceptance that he was not in government to correct any I'll or change anything. If OBJ was corrupt he would be corrupt, if oil companies were stealing crude oil money , who was he to stop that.

So we had a situation that old warriors like OBJ and Buhari were more radical and change orientated than a 56 year young man.

Brother we have never had a leader in Nigeria. You will only be living in self denial thinking worst deals never happened under Obj and Co. If you go back in history then you will find out that the father of corruption was obj. Fela knew all along. There is no need beating back and forth.

This issue of uncounted crude oil is not peculiar to Nigeria and it doesn't matter who is in power. Those multinationals will always have their way because they are backed by the world powers.

A President with balls at this point will implement a policy that will make this business tycoons to part away with a portion of their wealth they got from reaping off the nation. Putin, Fidel Castro, Gaddafi all comes to mind.

We need a dictator with a conscience. Not every four years we run to the polls thinking we have a voice only to vote in pawns.

sheyguy:
Stop supporting half smart people dude. Nigeria's debt is mostly in dollars. It makes sense that once the Naira depreciates against the dollar ( it did by almost 50% ), the equivalent in Naira will increase accordingly.
In my view it is wrong to translate the debt value to Naira when it will be paid with dollar. Remember OBJ debt payment, it was in dollar and the press didn't need to translate it to Naira because the money used to offset it didn't come from tax or Naira account. People politicize thing blindly alot.

Who said am supporting anybody? The summary of the whole thing is that the past administrations messed up and Buhari is not doing any better. In fact, if care is not taken Buhari will leave bigger mess than he met.

A serious government of a country in recession would have taken proactive steps in reducing cost of governance. But, what do we have?

Almost #15billion already spent on the presidential fleet in one year.

Over #3billion spent on a baseless #changebeginswithme campaign. While the same government is considering selling our gas company; the most profitable federal government asset.

It's only a deluded Buhari's supporter that will be hoping for a miraculous turnaround.

.

The political class do not care if we live or die. They are all slave masters. This is the same system our fraudulent founding fathers killed to protect, a system of exploitation that hands over 90% of the nation's resources to the privileged 1% of Nigerians.

Until we the masses rise up to them like other nations like China, Cuba, Nicaragua etc have done, we will keep being their slaves and their children will continue from where their parents stopped.

The political class do not care if we live or die. They are all slave masters. This is the same system our fraudulent founding fathers killed to protect, a system of exploitation that hands over 90% of the nation's resources to the privileged 1% of Nigerians.

Until we the masses rise up to them like other nations like China, Cuba, Nicaragua etc have done, we will keep being their slaves and their children will continue from where their parents stopped.

Whynotthetruth:
1)I saw you insulting a guy yesterday while arguing with rozaxy or something like that...about your high IQ...and unfortunately you wrote this...smh

2)Read again and plead with someone to explain to you before you type plzzz...

3)Which exchange rate do we convert our domestic currency to again biko...? Domestic debt is in our local currency bro...so Buhari has almost borrowed Nigeria into the ground in a year...

4)This thread is about Buhari not Jonathan ; your hated scapegoat and whipping bag...Btw Nigeria earned more from oil under Jonathan...who Coincidentally paid MORE salaries than any of his predecessors(19500-NYSC & 18000 for civil servants)...and had MORE empowerment program than any of his predecessors and even immediate successor Buhari... Yes, Buhari has stopped YOUWIN, PRESSID etc which were all active and took lots of fund under Jonathan...Facts on ground as confirmed by APC Fashola(Minister of Works); also showed that Jonathan did almost 5times as much as his predecessors in road construction etc...so why are you convulsing here?

5)If you think Soludo, Utomi etc maybe for political reasons lied in blaming Buhari as the reason why Nigeria is in recession...what about Bloomberg writers and other world economists ? They all agreed that Buhari's wrong and archaic policies forced Nigeria into recession...A fit he achieved in 1984 as well but bigotry has blinded you to the truth...

6)Why didn't reply me on the Anambra thread so that we do a comparative analysis of our respective states? Those who have your kind of men need no poison again ...

In addition to the above, many Nigerians are not are aware or ignorant of the fact that from 2007 to 2015, that the Nigerian population actually increased by as much as 30million people. Many European countries don't have a population of 30million people, we have an unproductive population as a result of bad governance.

No doubt, the past administrations made a mess from 1960 to till date Which Buhari and Co happens to be part of. I hope the next time Drabeey, sheyguy, AntiWailer, obailala and Co come up with their usual analysis of the last administration's mismanagement of public funds, they should endeavor to factor in the above realities in other to have a more balanced perspective on the Nigerian problem. A single administration should not take the fall.

davodyguy:
so?

This is just semntics by Damola.

The exploration has begun and crude oil is being extracted and exported, with income being generated.

I'm not sure Lagos borders any of the NG states that would make them wants to lay claim to the other part of the water ways, where the oil can be explored.

All waters ways still belong to the FG.

Some people might misinterpret this, as if there was no discovery.

Get it. There was discovery in the water close to Lagos and as of now, Lagos State has be allocated ownership status of 4 oil wells.

Whether the 200 isobath was fraudulently introduced by OBJ or not, Lagos is now controlled by the party at the centre. With Fashola, Tinubu and Ambode, its only a matter of time, before the 2004 pact is reviewed for the benefit of all.

May be this is the only opportunity for that restructuring to take place. This means more money to the oil producing states. However, the negative part of this possible review is that the governors would probably still cheat the indigenes of the states. Even with 2004 pact, Lucky Igbenedon, James Ibori and Peter Odili, still stole billions from their states. Giving more money to their cronies in government now may spell doom for the people. With the FG having the money, you are guaranteed a good spread.

What has the federal government done with it's share of the proceed from oil aside from feeding itself and taking care of our fraudulent National Assembly?

Fairgodwin:
And when a businessman like Dangote talks, you listen.

Speaking from a pure business perspective and not political perspective.

So Nigeria is now a corporate organization abi? Dangote and Co are nothing but, corporate sharks who are there just to strengthen their bottom line. We have to be careful about policies we support. Corporate organizations do not care about human lives nor the impact of their activities on the environment, it's all for profit, therefore, we can't afford to run Nigeria like Dangote plc.

ucheokpara100:
lol...... u finished me now with laugh, i pray one day Nigerian realize they are the problem and now Buhari. Nigerians are always desperate, ''we'' always talking loud

Nigerians are not the problem... Nigerian leaders are the problem. Nigerians follow their foot step. We have never had a good leader that left a legacy. Zik, Awo, Akintola, Gowon etc were all power hungry monsters. They simply replaced the white man as our slave masters. The system of exploitation was well preserved by them.

ucheokpara100:
Any one blaming Buhari is a fool, 90 percent Nigerians are useless in nature 90percent mentally derailed, producing kids unneccesarily. uncivil bunch of idiots.

What do you expect from citizens of a country that has never been good? It's garbage in garbage out.

The launch of the #changebeginswithme campaign is nothing but a mischievous exercise, orchestrated by the devilish political class to pass the ball back to the impoverished masses.

The only place you find honest people in Nigeria is among the poorest of the poor. You have cleaners and domestic workers who have served for more than 20years in the same position without a promotion and yet, they have never stolen anything from anybody.

How can change start with me when the first family have 10 private jets at their disposal?

How can change start with me when the first family have #1.7billion for food?

How can change start with me when their clinic have #4.5billion to spend?

Slave masters... Do as I say!

LAFOCUZY:
And they lost billion in share prices.

Honda, Toyota, Nissan, Ford etc recall vehicles regularly following high complaint frequency for specific electrical, mechanical or hydraulic failure. How can this guy who might not own a business discredit another's hard work over an issue as common place as car fault that could easily be resolved with a 3 min call to customer service. Why this increasing lack of thoughtfulness, considerate behavior and respect in Nigerian society?? .

I wonder how he would feel if someone in his office went on social media to publicize his mistake. I feel real sad when people throw away caution and behave in this way.

And everybody stop being tribal. Nigerian must grow there own. that is the only way. You have no other option. Be proud of you....give your children Nigerian names, speak Nigerian language, wear Nigerian fashion, drive Nigerian car, eat Nigerian food, speak English, Spanish or french with your Nigerian dialect don't be apologetic about it, none of these people can speak your language properly and they are not sorry for it.....be Nigerian, be original, support your own. Quit this divisiveness and second rated mentality its harmful to you.

God bless you my brother. I wonder when we will start thinking about the legacy we are to leave behind.

obailala:
1. I never insinuated in anyway that corruption started under GEJ. But you can quote me very well on this, 'corruption and looting reached a devilishly disastrous peak during the time of GEJ.' That's the reason why even though he enjoyed the highest uninterrupted oil income boom, he happens to be about one of the only Nigerian leaders who instead of growing our reserves commensurately, he depleted it disastrously. Just for your info, the amount of income Nigeria made within the 5 years of GEJ was well more than the total oil income Nigeria has made under every other president since 1958 till 2016 put together. If only a lot of people who defend this sleaze know the true extent of the destruction, I doubt even his children would want to defend him. http://www.vanguardngr.com/2016/08/jonathan-nigeria-earned-n51trillion-crude-oil/

You made your point and it's been well noted. Nobody is defending anybody and mind you, this is not the first time the media is coming up with bogus figures. SLS once came up with three different figures. No past leader inherited a working Nigeria if we want to go back to history. Every leader had it's challenge. The call for restructuring is possibly the only way out of this mess. The federal government is the cabal that is strangling everyone of us. The local government should be empowered because more than 90% of Nigerians live in a Local government and as such power should rest there.

obailala:
How I just wish this oil price disaster never happened, the true effects of corruption would have been clearly seen but instead today we hear people ignorantly saying things like "bring back our corruption" because during the time of unfettered corruption, life was easier. These ones have no clue about the effect of oil price, or probably like many others, they've been told that the drop in oil price isn't a weighty issue but that buhari is the one swallowing forex. It's even particularly sad that even educated folks also say this.

And am very sure you're among those that honestly believe corruption started during GEJ's administration. Nigerians have a very short memory and that is why politicians sway us with propaganda. Nigerians have forgotten how corrupt Shagari, IBB, OBJ, Abacha government were, and even the self proclaimed saint Buhari served under Abacha's administration. Among the oil producing nations, Nigeria is the only nation in recession. Now, about the forex issue, I guess you never came across the statement from Sanusi that described the current Fx regime.

sledjama:
It is not very hard to understand that we need to focus more on exports.
This is what grows the economy.

By now, i will expect that Nigeria will have a Cleveland clinic grade hospital in the country where Nigerian doctors in diasporas can come help grow the economy.
That way, we can expect massive patronage from around the world. This will quickly put the country on the global map as a place to visit when you need serious healthcare.



How about all those vast land mass you see when travelling to ibadan, what happened to empowering the youth to mechanixed farming?
yam, rice, bean, potatoes, etc can be produced in every region of the country. That will help curb the hunger in the land.
instead, we are still exploring oil in the north, looking for something with no guarantee of finding it.

I beg to differ on the issue of exporting in order to grow our economy. I believe emphasis should be on satisfying the Nigerian market. This will drastically reduce our trade deficit. We shouldn't focus on exporting raw materials that we can't control the price. Else same thing that happened with oil will repeat it self. Ever wondered why OPEC can't control price of oil but, American government can control the price of military hardware? It's all about value. The currency of today's economy is creativity and Innovation.

We must focus on adding value to our raw minerals before exporting. We should be exporting chocolate, beverages etc instead of exporting just cocoa and have the West determine the price of our cocoa, oil etc

porka:
Buhari should be persuaded to resign.

He should be encouraged with mouthwatering severance package/retirement benefits. If possible, he should go with one of the planes in the presidential fleet or a new one should be arranged for him. His photographer should be permanently attached to him to take his pictures all the time. His children's school fees should be paid promptly at any school of their choice anywhere in the world. If it's possible, a replica of the Villa should be constructed for him anywhere of his own choosing. They should assure him Dasuki would not be released. His pension should be called salary or estacode so he won't 'reject' it again. His appointed staff will still be around him to pay obeisance every morning and give him a pseudo security briefings.

All these and more should be worked out for him. He should be so comfortable in the new 'Villa' that he won't ever be tempted to mount up campaign to turn Nigeria into 'paradise'. The UN should facilitate the agreement while Obasanjo and Dr Ahmed Joda should sign as witnesses for him.

Meanwhile, Dr Agbakoba what is this oooo...


$7 trillion?

Bros. Wow. As funny as it may sound you just nailed it. This advise from Agbakoba is above Buhari's mental capacity.

tiwiex:
I guess we missed the part they mentioned exchange rate gains. What does that really mean? Are they multiplying our export dollar value by the new exchange rate? If so, then we exported way less than last year but are multiplying it by a new naira rate of .... Not sure tho but considering our economic situation, could we logically be exporting more? I know they banned charcoal wood from export sometime back. Anyone with clarification on this?

You're right my brother. I wonder why people are so excited. With this kind of news it will be a miracle if we come out of recession by 2019. 80% of our export still comes from oil. I guess they didn't comprehend the analysis.

sarrki:
I strongly believe we will get out of this mess

How, if I may ask? Did you really go through the analysis? It will be a miracle if we come out of recession by 2019. 80% of the total export value came from Oil and you saw it as a light in the tunnel.

Democracy is truly over rated. It's the biggest scam ever sold to mankind. I weep for the lives that will be lost come Saturday. The gladiators are not chosen or determined by the people . Neither do we have a genuine say on how they carry out activities.

Freedom is Slavery
Ignorance is Knowledge
Peace is war

That's the illusion of democracy.

I smell foul play already

tiwiex:
There were talks about setting up modular refineries in the past. This command and control methods needs to stop. FG wants all resources and sweat of everywhere to flow to d centre while they feed fat. It was working but Buhari seems to have taken the piss he wants the resources and the same time seems to call the owners stupid. He has provoke the entire nation to anger.

It's really unfortunate. Restructuring is the only way out of this mess. Each state should control it's resources and pay royalty to the FG. That way, our governors will be forced to work. We have to demand for restructuring come 2019. No restructuring no election.

Nigerians should demand for restructuring come 2019. No restructuring no election. It's as simple as that. The destiny of over 180million Nigerians shouldn't be dependent on what comes from Abuja.

The PMB led govt is really a disappointment. Each time we import finished petroleum products we export jobs that we don't have. What stops the government from encouraging the so called militants who have illegal refineries to get registered and get experts to help them upgrade the facilities.

This measures will ensure availability of the product and employment for the teeming Nigerian youths. Now, instead of looking for a way to add value by refining our crude the clueless govt is spending same scare resource to look for crude in the north.

It seems our leaders have been caused with over reliance on raw materials. We already have lots of raw materials. All we need to do is add value to them. Instead of exporting cocoa we can export chocolate and beverage etc.

GMBuhari:
God does not send devil to his chosen nation


GEJ was a failure, he's like a skunk and his stench is still still being perceived all over the nation



And for other mumus that'll blame APC and Buhari


How will you restore this nation's economy whose main means of survival is crude oil the price of which is declining in world market and the production has been cut by more than 75% my GEJ's mercenaries?

Oh and rice maize, beans, wheat, sorghum takes at least 4 months and the real cash crops like cocoa, rubber, timber et al takes at least 6 years?


Im sure they will run away from this question

Ain't you tired of this same line? I guess you are not aware that the 2016 appropriation act entails less than 40% expected revenue from oil. Now, if that is not the case then the budget is a bigger fraud than we thought.

To the issue of militancy, Buhari provoked the region with both his divisive statement and action. Since he had the gut to refer to the region that feeds the nation as 5% it's only fair that the region only contributes 5% to the national confers. Has he bothered to visit the region that lays the golden egg since he was elected? No. He created the problem then he should deal with it.

FunkyMetahuman:
go through this same thread .. Your questions have been answered .. Stop disturbing me with mumu questions.

You just could have made your point without being rude.

FunkyMetahuman:
ignoramus...

Sunday is not work free day allover the world..

And yes Fridays are work free days in most Arab nations..

The financial and commodities market all over the world close on Friday to resume on monday. And maybe you should mention one exchange that conducts business on a Sunday.

kolaish:
WEEKENDS IN ARAB NATIONS IS EITHER THURSDAY & FRIDAY OR FRIDAY & SATURDAY. HOWEVER, AS A CHRISTIAN, I DON'T MIND THE FG GIVING MUSLIMS FRIDAY AS A WORK FREE DAY PROVIDED THEY DO NOT TAMPER WITH SUNDAY AS A WORK FREE DAY AS WELL.

So companies open shops on Sunday?