₦airaland Forum

Decryptor:
Have you experienced paying school fees of 2 people in the university, training someone in a Law School, feeding 5 people under your care while running a job from 8am till 10 pm? I doubt. If we check now, na man dey sponsor you! Na you suppose swerve inside gutter! Menstrual cramps my hairy a*se! Is is more painful than the normal thigh cramps i experience sometimes very early in the morning?
Google the phrase "Epidural Anesthesia" for the child birth part and stop making a fool of yaself! There is more to the internet than writing lame stories and searching for latest fashion accessories rather, use it to educate yourself!

Mamush001:
Its only a demented fellow who was abandoned by the gutters will talk like this....it goes to show. SMH

ehissi:
Well!!

When you start issuing IQ tests let me know. I'll be happy to surprise you any given day.

For the record, aside from Reverend Kings case and another one, as far as the first 2 sets of arrests of judges were concerned. All the cases bribes were involved, where election related cases and not National security cases.

DSS uses its sweeping powers under the Security act - which clearly states the duties of the DSS - to arrest people all in the name of National security.

The problem with that act, is that unless the case(s) are directly linked to National security - and not indirectly like your assumed case scenerio depicts - it has to be assented by Mr President himself before it goes through or is approved.


Sting operations like the one allegedly used by the DSS, costs money. Its not free, and that is also an important reason why DSS can't go running around arresting/investigating people over issues that are not a direct threat to National security.


But DSS made a fool of itself when it alleged that the entire sting operation was as a result of a petition sent by one fellow who leads a collation of civil society groups and not Mr President. This I guess was in response to comments that the President is operational responsible for DSS and sent them to arrest the judges, as a way to spite/attack the Judiciary for not allowing him to do as he pleases in court with his poorly handled anti-corruption cases.


The petition alleged corruption and not National security, plus the last time I checked the leader of the CSNAC wasn't the president of Nigeria. He doesn't have the power to make them investigate Basket mouth, let alone sitting Supreme court or High court judges.

The right thing DSS should have done, is to refer the case to EFCC. The problem is that EFCC cannot arrest people without an arrest warrant - in the manner that the DSS did - and that's why Buhari used DSS just like he did for Dasuki. DSS did the gorund investigation using search warrants and their sweeping power - in the name of Nationao security - while EFCC prosecutes.


The problem is that it involves judges and NJC must be involved. Fundamentally, it involes the ethics of Judges with special regard to cases they handled. If a man breaks public propert and he is a judge, do what is required by law.


Its no biggie, but as far as Nigerian law is concerned Ooh; only NJC can deal or recommend disciplinary action to judges with respect to ethics in handling court cases.

Let no man deceive you Oooh, in the absence of proper reference/recommendations of the NJC on their arrests/arraignment, no Judge in the whole country is qualified to sit over the cases as presented by DSS.


DSS can't even arraign/prosecute them. That why the entire press jingle they are doing over this case is just stupid, pointless - aside from shoring up political capital that is expendable in the next elections by Buhari - it can't secure a conviction.

And what good my over-smart, over-intelligent friend, is a sting operation that doesn't lead to a conviction??

Its as useful as the first tissue paper used to wipe the first crap that came outta my asss the first time I took a crap as a baby.

mynaijainfo:
Is this Nigeria's Problem? See Rare Photo of PMB in Germany.

Popular Analyst and US-Based Educationist, Ass. Prof Farooq Kperogi is at it again. This Time, He has shared a very rare photo of President Muhammadu Buhari in Germany while in a meeting with the caption: "...Nigeria's enduring problem".

He Argues that Nigerian Delegates are in a meeting without Pen and paper while all German officials are busy writing.

See Photo and Post Below . . .

https://mynaijainfo.com/wp-content/uploads/2016/10/Rare-photo-of-Buhari-in-Germany.jpg

This picture sums up Nigeria's enduring problem really succinctly. Look on the Nigerian side: Not a single person has a pen or a paper. Not even the president. They don't care. The whole trip is just a bazaar for them. It's another opportunity to earn outrageous per diem (or "estacode", shop, bask in the glitz of Germany and, of course, brag about courting "foreign investment" for the country. The more things "change," the more they stay the same.

SamuelAnyawu:
Dear Buhari kindly use the budget for this miserable stipends to give us 24hours electricity



5k cannot but a quarter bag of rice
#IStandWithSamDaddy 2019

ehissi:
"The actions of the suspected judges border on national security. We are talking about huge corrupt practices and national security that are beyond the mandate of the EFCC and the ICPC.

“If we talk about democracy — from the conduct of election to election rigging; issues of foreign investments; economy and other issues that have to do with our national security, they all end up in courts. So anybody or institution that tries to undermine that institution is toying with the national security of our dear nation.’’

I no talk am??

Nairalanders I no talk am??

I say very soon, them go use their powers dey claim National security.

Corruption cases, election rigging etc don turn to National security, simply because know the only leeway/legal right or option they have to arrest the judges, without an arrest warrant is based on National security. Them don call am National security.

Bet it, Na EFCC go prosecute these cases in court, just like they did to Dasuki and Saraki initially.

DSS go form investigation, abusing their statutory powers and call any case they get involved in a matter of National security. Arrest people for no just cause, then when they hand over the folks to EFCC or ICPC for prosecution.

So that if a judge sitting over the case, issues an order, it will be binding on only the prosecuting counsel and not the investigators. (In the case of Dasuki, EFCC is the prosecutors while DSS are the investigators).

As Court don give order to EFCC, concerning Dasuki, FG go use DSS violate am for background. EFCC go do like say, them no know wetin judge dey talk for court.

Unfortunately, you chose to do this to Supreme court Justices and Principal officers of the Judiciary as well and just like the internet, the Judiciary never forgets..............

ademega:
No wrong way in dealing with people that doesn't know it's wrong to go against the ethics of their profession

Bevista:
The Naira that the CBN throws into the economy is simply a "transfer". For instance, the CBN sells $1b to Dangote Refinery and collects N320bn, which it then gives to FAAC. This is simply a transfer or recirculation of Naira from one economic agent to another. This does not increase the Naira in the financial system.

This point (source of Naira) is important as this can help debunk or validate Boyo's inflation theory.

Nigeria's inflation comes from quite a number of factors outside CBN monetization. Firstly, corrupt public officials have access to stupendous CHEAP money which they then use to chase the few goods and services. Secondly, we are becoming less and less productive, and more of a consuming nation. When more funds are deployed to consumption rather than production, inflation is bound to go up.

Sadly, the current inflation is not demand-pull, (since we are in a recession). It is rather Cost-push, caused primarily by the high exchange rate. Being an import-dependent country, a high exchange rate means that the cost of imported goods will go up. Their market prices will, thus, follow suite causing higher inflation.

The problem in Nigeria is that we usually have lazy Fiscal authorities, who usually fail in their responsibilities thereby leaving the monetary authorities (CBN) to carry its cross. It is the job of fiscal authorities to articulate and drive a clear industrial plan. It is their job to provide infrastructure. It is their job to promote and facilitate agriculture, solid minerals, etc. However, what they do instead is to loot the treasury and flood the system with cheap money (especially during campaigns/elections), only to leave the inflation mess they have caused for the CBN to clean up.

Most of the excess liquidity Boyo is concerned about is not caused by CBN, but rather corrupt politicians and public officers.

Bevista:
This is the premise on which most of Henry Boyo's analysis and suggestions are based upon.

However, I do not think that the CBN prints/creates new Naira to give to FAAC (FG & SGs) every time they (CBN) receive dollar revenue from oil sales. If that were to be the case, there would be a ridiculous amount of "new" Naira pumped into the economy every month which would lead to hyper inflation and an even more terrible exchange rate.

What the CBN actually does is to sell the dollars to importers (i.e. exchange the dollars with existing Naira) and use the Naira receipts to give to FAAC. So, basically, the Naira the CBN gives to FAAC every month is not newly created money but rather already existing money that has been mopped from the financial system by exchanging dollars for it.

adeaks:
No court has declared Nnamdi an enemy of Nigeria. The govt cannot unilaterally declare someone an enemy of the state and then perpetual ally deny him his freedom.
We are not in a military junta.

Nnamdi is deemed innocent until proven guilty under our constitution. Rather than incarcerate him against court orders the govt should present their case in court and get him convicted.

automatix:
Where did the idea of modular refinery came from?

Ipobdevil:
The Community Court Of Justice, ECOWAS (Economic Community Of West African States) is a regional body charged with the responsibility of resolving cases of alleged human rights violations. The court has jurisdiction to address cases involving an alleged failure by a Member State to comply with Community law; which followed the adoption of protocol A/SP1/12/01 on Democracy and Good Governance.

Nnamdi Kanu, the leader of the Indigenous People Of Biafra, IPOB, and his defence team have dragged the Nigerian government to the ECOWAS Community Court Of Justice on the grounds of gross abuse of human rights and judicial process.

Recall that admist Nnamdi Kanu's continued and illegal detention, the judges that have previously presided over this case had granted him (Nnamdi Kanu) bail on 19th October 2015 and ordered for his unconditional release on 17th December 2015 at the Magistrate Court and the Federal High Court respectively.

Owing to these, the Community Court Of Justice, ECOWAS, will sit to hear Kanu's case and give her verdict. ECOWAS court is set to uphold justice and enthrone the rule of law to sustain public confidence with court rulings which has been rendered witless by the Nigerian government.

According to Article 15(4) of the ECOWAS Treaty, judgement of the Court is binding on all Member States. More to this, Article 19(2) of the 1991 protocol provides that the decisions of the Court shall be final and immediately enforceable.

Non-compliance with the judgment of the Court can be sanctioned under Article 24 of the Supplementary Protocol of the ECOWAS Treaty. The judgment of the Court must be fully and effectively implemented. Owing to the intolerance to violation of human rights by Ecowas court, information reaching Biafra writers has it that Buhari is in panic and struggling to find a way from preventing justice from being served.

Today, the 5th October 2016, the world's attention will be drawn to the ECOWAS Court, the Court of Justice is ready to maximise these powers vested upon her to ensure peaceful co-existence of people's in this Western coast of Africa. Biafrans around the world are hopeful that the Community Court of Justice, Ecowas, will redeem the already damaged image of the judiciary system in Nigeria. Nnamdi Kanu will get justice and Buhari's manipulation of Nigeria's domestic judiciary will be crushed.

adeaks:
No court has declared Nnamdi an enemy of Nigeria. The govt cannot unilaterally declare someone an enemy of the state and then perpetual ally deny him his freedom.
We are not in a military junta.

Nnamdi is deemed innocent until proven guilty under our constitution. Rather than incarcerate him against court orders the govt should present their case in court and get him convicted.

Explorers:
4. Endless Conflicts.


Africa is known to be a place where a brother kills a brother and a son kills a father.

You would wonder why people who have lived alongside each other for generations suddenly decide to attack their each other/neighbours.

While the elites tell the world that these conflicts are fueled by ethnic, religion intolerance, they create the ethnic groups themselves.

Look at the unstable African countries where rebels attack the government. Who funds them? Where do they get those sophisticated weapons?

LoveDecay:
Another idiot from the east. Sovereignty is political not economical. Nigeria is too big, strategically located, economically viable(numerous trade partners). How have other nations influenced Nigeria's decisions. Ever since the IBB regime, Nigeria has been running on its own steam. We have been running our won shit for a long time.

Sovereignty is about internal control, so far Buhari government's clench is growing tighter, even Jonathan displayed the Nigeria's sovereignty, when the gay law was passed and shit did not happen . As, for the British MP - she's just another small fry looking for votes from the ibo speaking third class servants of the King of England in her constituency.

Biafran's should be the one's worried about sovereignty not Nigeria - your begging everyone, you have no influential friends you can speak for you, no aristocrats, no intellectuals and no direction. It's basically a rag tag group, looking for cheap publicity in return for financial benefits.

adeaks:
But honestly the DSS abi SSS's penchant for disobeying court orders granting people bail is simply concerning and disconcerting. It has even been more prominent under Buhari's administration.

The courts keep granting people bail but the DSS simply rearrests the same person for no discernible reason. Their brazen contempt of court orders ought to be condemned by every sane person. How Buhari has turned a blind eye to their excesses is baffling.

The stupidity of you people are your hypocrisy.

Your Buhari made the comment that if he loses the election, let the bloods of baboons spill ( aka implying that those who doesn't vote for him should be killed).

After his lost of 2011, they showed a video of Buhari making subliminal message to his supporters which led to several individuals killed and slaughtered like rams up North and till this very day, Buhari have NEVER condemned what happened.

when Boko Haram first started and was asking for sharia state, when they became violent, it was the same Buhari which stated "a fight against Boko Haram is a fight against North"

Let's not forget during the last campaign APC, in which Buhari is the leader of, stated they'll run a parallel government if GEJ wins. Meaning they will over throw a democratic election and the president.

In addition, it was the same Buhari in year 1986 which over threw a democratically elected president and put himself as president

Yet ironically enough, it is the same Buhari who has the audacity to accuse someone of treason....The Bleep?

[color=#000099]Buhari has single handily broke you Niggas.....if that country still remains one, Nigeria is going to be poor for a very long time.....y'all are f2ked.

Last but not least, every single video una have regarding Kanu ironically was during GEJ presidency. But somehow in una deluded head, he's referencing Buhari presidency. What a joke!!![/color]

magicminister:
Lets do the maths

according to air-usa.com/aircraft, alpha jets consume 190 gallons/hour

190 gallons = 719 Litres/ Hour

Since the military claims they us 1.9 million per month, the number of hours would be = 1,900,000/ 719 = 2, 643 hours.

We have 24 hours in a day; so for us to determine the number of "days" flown in a month, it would be 2,643 hours/ 24 hours = 110 Days/ Month.

In order to determine the number of flights per day, we divide 110 days/30 days = 3.66. APPX 4



IN ORDER FOR THE MILITARY TO UTILIZE 1.9 MILLION LITRES OF FUEL PER MONTH ON ALPHA JETS, THEY HAVE TO ATLEAST MAKE 4 FLIGHTS A DAY. EACH FLIGHT HAS TO BE NOTHING LESS THAN AN HOUR BUT NOT MORE THAN 2 HOURS.

ODIEGWU!!

automatix:
what is good about it? The best they should do is engage these men who do these things, find out how they do it, help optimize the process, grant them licenses and we would hardly worry about imports, which will also provide jobs.

Nigeria is blessed with natural resources but cursed with foolish leaders.

skyhighweb:
The Financial Times UK has described the
economic policies of the President
Muhammadu Buhari administration as the
‘height of foolishness’.


The leading international business publication
in an article by Steve Johnson, the deputy
editor of the Financial Times, said the
economic policies of the Buhari administration
is doomed to fail because it is tailored after
Venezuela’s exchange rate policy and China’s
failed equity market strategy.


The article faulted the circuit breaker on the
Nigerian stock exchange which pauses trading
for 30 minutes if stock prices fall 5 per cent
and will cease for the day if it is triggered
twice in a session, or after 1.45pm.


It noted that this month, Beijing abandoned a
similar policy after just four days, stating that
in a falling market the existence of the circuit
breaker encouraged more selling as traders
rushed to exit while they could.


Quoting John Ashbourne, Africa economist at
Capital Economics, it said:
“It is hardly confidence-inspiring that Nigeria is
copying a Chinese policy that is widely seen to
have failed.”


See the full article below:
Nigeria plans to create a $25 billion fund with
public and private financing to modernize
infrastructure and avoid a recession.


Copying Venezuela’s exchange rate policy and
China’s failed equity market strategy might
seem the height of foolishness.


But, at least in the opinion of John Ashbourne,
Africa economist at Capital Economics, that is
precisely what Nigeria, the continent’s largest
economy, has just done.


“Low oil prices are battering Nigeria’s export-
dependent economy, but it’s the government’s
market-distorting response that risks pushing
the country into a Venezuela-style crisis,” Mr
Ashbourne says.


“Nigeria is sliding towards a Venezuela-style
FX regime and adopting a Chinese-style stock
market circuit breaker. Neither will reassure
foreign investors, many of whom seem to be
eyeing the exits.”


Both measures were announced after markets
closed on Friday, January 15.


The circuit breaker on the Nigerian stock
exchange, one of the worst performing in the
world this year with a fall of 17.7 per cent, will
pause trading for 30 minutes if stock prices
fall 5 per cent. Trading will cease for the day if
it is triggered twice in a session, or after
1.45pm.


This month, Beijing abandoned a similar policy
after just four days, concluding that in a falling
market the existence of the circuit breaker
encouraged more selling as traders rushed to
exit while they could.


“The effect is akin to calling last orders at a
crowded bar,” Mr Ashbourne says. “It is hardly
confidence-inspiring that Nigeria is copying a
Chinese policy that is widely seen to have
failed.”


He accepts that Nigeria’s circuit breaker may
not be as badly designed as the Chinese
version. Whereas the NSE All Share index
rarely falls by 5 per cent a day, the Shanghai
Composite did so a dozen times in 2015. The
NSE’s version has not yet been called into
action.


Nevertheless, Mr Ashbourne says that using a
circuit breaker to shore up the market, rather
than to avoid volatility, is “deeply flawed”.
Simultaneously, the central bank has said it
will stop selling US dollars into the interbank
FX market.


Nigeria has operated a de facto twin currency
system for the naira since February 2015,
when the bank held the official interbank rate
at N199 to the dollar to avoid a spike in
inflation. The unofficial rate, available at
bureaux de change, has plunged to N300/$,
as the first chart shows.


However Mr Ashbourne argues the latest move
takes Nigeria a step along the road to a
Venezuela-style scenario, where the dollar now
buys 913 bolívars on the black market,
according to dolartoday.com, compared with
an unofficial rate of 6.28/$.


“Suspending US dollar sales to the interbank
market will force consumers and firms to
source dollars at bureaux de change,” he says,
while providing an implicit subsidy for
companies and individuals with the
connections needed to access the official
rate.


As the second chart shows, Nigeria’s
reluctance to let the naira’s official exchange
rate weaken means it has borne the brunt of
the sharp fall in oil prices since the middle of
2014.


In naira terms, the oil price has fallen from
$115 a barrel to around $35, with the modic**
of weakening permitted so far doing little to
take the edge off the fall in oil prices to $28 in
dollar terms.


In contrast, Russia, which has allowed the
rouble to fall sharply, is still seeing oil prices of
around $65 in local currency terms, with many
other oil exporters such as Brazil and
Azerbaijan also seeing more cushioning of the
blow than Nigeria.


Charles Robertson, chief global economist at
Renaissance Capital, who drew up the second
chart, expects Nigeria to bow to the seemingly
inevitable and devalue the naira, given that his
calculation of fair value is N305/$, very close
to the current black market rate.


He notes that frontier market funds are now
underweight Nigerian equities, and believes
that international investors “are likely to
remain on the sidelines,” barring an obvious
catalyst for change.


Nevertheless he believes a devaluation to
N250/$, “while no longer sufficient to ease all
dollar shortages … would be good enough to
warrant investors taking a fresh look at
Nigeria, especially if they expect a rebound in
the oil price”.


Daniel Salter, global equity strategist at
RenCap, has been busy analysing just when
equity market investors should consider
returning to a freshly devalued Nigeria, if
history is anything to go by.


Mr Salter analysed 13 emerging market
currency devaluations since 1994 in countries
ranging from Mexico and Turkey to Egypt and
South Korea.


His conclusions are that it is rarely worth
buying in anticipation of a currency
devaluation and that, on average, equity
markets do not hit their low point (in dollar
terms) until 99 days after the start of the
currency devaluation.


This delay can vary significantly, though, as
the final chart shows. In the case of South
Korea in 1997 the stock market troughed the
day before the won started to fall. In Nigeria
itself, in 2009, this point was reached after 35
days.


However in the cases of Thailand (1997), the
Philippines (1998) and Egypt (2001), it would
have paid equity market investors to stay out
for at least six months.


Mr Salter believes the lag is due to two
factors: the initial devaluation is often
insufficient to stabilise the currency; and that
devaluations frequently coincide with banking
crises.


Unfortunately, this analysis probably tells us
little about how Nigeria’s equity market is
likely to behave in the year after any
devaluation.


In the 13 previous episodes, the stock market
typically fell 3 per cent in dollar terms in the
three months after the start of the devaluation.
However, as the above chart shows, there has
been huge variability in this figure, from -56
per cent in Mexico in 1994-1995 to +100 per
cent in South Korea in 1997-98.


Likewise, on average the typical stock market
gained 4 per cent in dollar terms in the year
after the devaluation, but once again this is the
average of a widely dispersed data set, with
the returns ranging from -86 per cent
(Indonesia, 1997-98) to +172 per cent (South
Korea).


The sector breakdown perhaps delivers a
clearer message. RenCap found that consumer
staples stocks have tended to outperform in
the 12 months after the start of a devaluation,
while consumer discretionary companies and
industrials tend to pick up once the currency
has bottomed.


Financial stocks, in contrast, tend to be the
worst sector in the year after a devaluation,
probably due to declining credit quality.


http://www.reportsafrique.com/2016/08/buharis-economic-policies-foolish-financial-times-uk/



presented to you by
www.makeisell.com

mordsith:
The first bomb has been dropped on the Niger Delta region. This is the first act of agression against us and they fired the first bullet. The herdsmen aren't bombed, illegal gold miners in the north are not bombed......but our brothers are bombed.

When Obasanjo bombed Delta south he was met with stiff resistance. We shouldn't cower in our shadows. Today it was them tomorrow may be you.

I call on all Niger Deltans not to sit on the fence. The war has begun and you have to rise for your lives and of those you love.



The world should remember .........WE DIDN'T START THIS WAR

arresa:
https://pointblanknews.com/pbn/wp-content/uploads/2013/10/P3.jpg




Funny how all these rejected, useless, corrupt and incompetent losers developed half backed common sense now, but had non and developed zero common sense when they were part of the same crooked and corrupt system and bad management responsible for our problems today....

Where was he when his friend jona was borrowing hundreds of billions to pay workers salary and to loot and share?

Where was he when jona was was borrowing money for projects they later abandoned all over the country?

You really can not take these clowns seriously..

Zonacom:
According to Obi, Anambra has the best road network in Nigeria. I can't say if i agree with this or not cos I've not travelled the whole of Nigeria. But isn't it shameful that commuters in this state with the best road network find it very hard to travel from Onitsha to Enugu on a road that is perhaps the most important in the state? Some will shout federal road, but obi couldn't do anything about that road by his virtue of being very close to the president for years. So shameful. Even Obi is not worth any trust

PapaBrowne:
One of the things he pinpointed that went off the radar is that this government would be borrowing 4.4 trillion naira this year alone to finance it's budget.Question is what would that money be used for. It is the highest budget deficit in the history of Nigeria. The deficit alone is bigger than some Previous budgets.