₦airaland Forum

owobokiri: It is also about time Nigeria starts changing some Head of States in Africa especially the french puns in Cameroun and Chad and CAR them. There is no reason whatsoever to allow Biya in power tormenting Nigeria endlessly for over 3 decades when a colonel could be recruited to put camerounians out of their misery. Nigeria is supposed to be in control of these flanks with friendly cheif executives since the french always use them as launching pads to influence policies here as was shown at Bakassi. We even have one village head at Equetorial Guinea deporting Nigerians whenever he gets upset. That is a fairlure of Nigerias foeign policy. Nigeria is growing in size and influence, it is time to biuld a buffer against more powerfull countries with vaulting imperialist ambitions.

mascot87: Blind op, can't you séé the reaction of osoba trying to stop the bodyguard from throwing the man from the podium?And how does that look like brutalizing to you?The bodyguard is just caring the man like a baby(SMH).What is the man looking for on the podium?His is camera that poor that he cannot zoom from a little distance away from osoba?why his he that close?What if he is a suicide bomber?Can any journalist get that close if it were to be any opposition party rally?His the man going to put his camera on osobas head to record whatever he wants to record?Some people are just troublesome and always looking for troubles here and there.Infact,the opener of the thread needs to be given 100 joystick pushups on his asss

mikeapollo: You are a noisy ignorant who does not understand what is called reconciliation as regards statutory remittances.
When you make remittances, you have to FILE in evidence of your remittances to the statutory body so that the records can be updated. Otherwise, there will be difference between your records and that of the statutory bodies.
[b]In this case, the NNPC was neither making full remittances(to FIRS etc) nor making adequate filing of its remittances to the CBN for appropriate documentation. So based on the earlier records with CBN, there was a shortage of $49b. The NNPC then responded by filing in further evidence of remittance of about $38b, so that has been reconciled.
[/b]But the NNPC has not been able to give anything to prove that they remitted the remaining $10.9b. That is whopping N1.7trillion....the same amount that the GEJ govt and Okonjo-Iweala said they are spending on fuel subsidy which they used to increase fuel price.

If GEJ is clever, he should have allowed SLS to be and give support to him for his anti-corruption stance in order to win the support of the masses.....but here we are with a petty president who gives award to corrupt people like Patricia Etteh, pardons criminals like Alameseigha, protects corrupt ministers like Stella Oduah and Deziani, but he wants Sanusi, the only serious minded anti-corruption crusader in his govt to resign.

GEJ is truly clueless

[quote author=bappahman]In 1985 Sanusi joined Icon Limited (Merchant
Bankers), a subsidiary of Morgan Guaranty Trust
Bank of New York, and Baring Brothers of
London.

He moved to the United Bank for Africa
in 1997 in the Credit and Risk Management
Division, rising to the position of a General
Manager.

In September 2005, he joined the Board
of First Bank of Nigeria as an Executive Director
in charge of Risk and Management Control, and
was appointed Group Managing Director (CEO) in
January 2009. He was also the Chairman,
Kakawa Discount House and sat on the Board of
FBN Bank (UK) Limited.[1] Sanusi is recognized
in the banking industry for his contribution
towards developing a Risk Management culture in
the Nigerian banking sector.[5] First Bank is
Nigeria's oldest bank and one of the biggest
financial institutions in Africa.[6] Sanusi was the
first Northerner to be appointed CEO in First
Bank's history of more than a century.[7]

dvee2: My friend ,the reason why sanasi does not know the "oil arithmetic" according to you is the main reason why Sanusi wrote the letter in the first place. The nnpc has been using voodoo accounting for decades, cheating on Nigerians and operating as a government on its own. No one knows how they arrive at their figures, they simply pay spend what they want to spend and pass the remaining to the federal government. This is what Sanusi is fighting for, actually the finance minister should even have been the one asking these questions, but Sanusi was bold enough to ask the question. It is wrong for the nnpc to spend money that has not been appropriated. Ask yourself why it takes a corporation like nnpc several weeks to come up with an explanation about how the money is spent? If nnpc is your company will you wait that long for your managers to cook the books? PEtronas Malaysian version of our own nnpc has investment all over the world in addition to the countries oil export fees, but with a touch of the button , they can generate annual book balance to the last decimal point. In this computer age , our nnpc pretends and hide oil sharing formula with it and third party so that only them will determine how much they pay into the federation account. And some people would come here saying Sanusi does not know oil arithmetic. It is designed by nnpc deliberately so that nobody knows,several CBN governors after,someone is challenging the status co and gullible Nigerians wants to hang him. Whe vilify our heroes while we celebrate the thieves. This country is doomed. No upright man will succeed.

texazzpete: BWAHAHAHAHAHAHAHA!!

So the banks left by Soludo were 'flourishing' yet many went on to declare losses for quarter after quarter, sack thousands of staff to remain profitable and write off hundreds of billions of Naira loans?
The same Soludo that was hobnobbing with bankers that were soon to face criminal prosecution and were exposed as thieves? So the evidence used to convict Cecilia ibru and indict 'Pastor' Erastus Akingbola was false?

The same Soludo under whose watch the Naira fell from N118 to a dollar to around N147? Or the same Soludo that spent billions on a switch to Polymer notes that any decent research could have told him that they have a penchant to wear when old?


The only thing damaged here is your brain. A well placed slap from me can cure you if you desire to be saved.

Now you seem to have a clue how m0r0nic sanusi sounds with those allegations

When was the last time Nigeria sold 2.5mbbls? the only reason you believed Sanusi is because you are ignorant.
when oil theft was at its peak within the period under review, i dey laugh!!

I saw the s!!ly question you asked Taharqua up there and i couldn't hold my laughter, agreed taharqua is a m0r0n and a troll put together, shaken and runneth over, but your ignorance is some what disappointing.

my advise to you, fine, taharqua made a childish analysis of the situation, you on your own part have no idea how it works out here, so i will implore the both of you to shut the Bleep up!! and face your duties if you have one.

Sanusi is looking for cheap popularity and now he has it.

The trouble with paper money, aside from it being spent too easily and governments often printing too much of it, is that it wears out too quickly.

Bills made of plastic do not have that problem and can be manufactured with sophisticated security features to vex counterfeiters.

Read more: http://www.smh.com.au/world/british-bank-notes-to-go-plastic-20131219-hv6f3.html#ixzz2q0CQSDMn

mayo47: It's rather sad people make comments without thinking, what do u mean by polymer CBN gov? Well he wasn't the one that introduced the polymer notes it was soludo. For ur info the British pounds from next year comes in polymer notes.

gbosaa: Just wondering..How did the details of this telephone exchange between Sanusi and Jonathan leak to the press?

andrewza: NK v SK stared has a civil war but both nations are at a point where they are nations now. Has i said had bifara won or even forced a draw then bifar could be called a nation. But they lost

sweden says they neutral it was they position from WW2 through the cold war. Only recently have they become more involved with the west.

you did not realy look hard http://en.wikipedia.org/wiki/Turkish_invasion_of_Cyprus.

And how will algeria attack SA

kel4soft: Wanted to say that too. Shocked to learn his death while watching RSTV news.

omenka: There is no gainsaying the IOCs are partly responsible for the despoilation of their farmlands and waterways. But believe me, the biggest culprits are their sons and husbands who in a bid to make a quick buck, vandalize pipelines and 'refine' crude in those miniature refinaries scattered throughout the creeks. The oil companies know this and so does the govt, and that is why the govt can hardly flex its muscle when it comes to this issue. And what end is going half nakid intended to achieve? Make the managers of the IOCs think with their balls

ChiSun27: Things like this makes me sad at all times. For goodness sake most of this women are widows, their farmlnads are being exploited by these oil companies, their social environments are used in erecting gigantic factories and yet they are not being adequately compnesated.

This is gross wickedness. Just look at their demands...very minor compared to what Shell makes in a Calendar year and still their needs are not met.

It pains my heart that these poor women are being neglected to such length alongside the suffering of their kids (millitants in making) without husbands...haba!

Though they have gone to the extreme to showcase their grievances I still advice that the govt should rise up and support these women...they are suffering!!!

JECBOSS: It's really serious! These women must have been really provoked beyond control to go half-unclad. I don't fancy the sight at all...

judyeze1: El-rufai is on the Assassination List of 90% of nigerian, he does not need jonathan to Assassinate him.. he is already on the Assassination List of 90% of nigerian.

•In line with global best practices and the principal aim of the Nigerian Extractive industry and Transparency Initiative (NEITI), President Jonathan recently forwarded the Petroleum Industry Bill to the National Assembly for passage into law.

The PIB is no where close to the best practices in the world, as a matter of fact, under the gas reform, your PIB suggests flaring permit for companies who wish not to stop flaring from the office of the minister who happens to be the founder of the PIB,
where in the world does that happen?

your PIB outlined the DSO as the Gas shortage solution, where in the world does that happen?

•By the time the Petroleum Industry Bill is passed into law, Nigeria would have successfully broken the jinx of being a Nation where global business rules and practices are flouted with impunity. Estimated annual earnings of 680 billion dollars would be added to our Gross Domestic product. Crude oil theft and other sharp practices are also being combated with much vigor by various security and regulatory agencies on the president’s instructions.

I wish I was a m0r0n to believe that crap you wrote up there. which part of the PIB guarantees the above? the failed statisticians in the fed bureau of statistics has the right to be throwing figures around, not my problem, where is the 680 billion USD gonna come from where 40% of your oil is stolen,

•Furthermore, the fuel subsidy regime which had been a conduit pipe through which huge funds were siphoned from the National treasury has been subjected to forensic scrutiny by various agencies and committees set up by Mr. President in the last twelve months.

•The Aig-Imoukhuede Presidential committee on verification and reconciliation of subsidy claims and payments led to the arrest and arraignment of a number of individuals and firms by the EFCC.

•It is also on record that the president, upon receipt of the House of Representatives subsidy probe panel report, forwarded same to relevant security agencies with a firm instruction that there must be no sacred cows in the prosecution of culpable individuals and corporate entities and this is on-going.

•The on-going implementation of this and other reports has resulted in huge savings of money hitherto stolen by corrupt public officials.

•These are initiatives which had not been taken by any other previous government

forming committees is an achievement, by the way, where are the new refineries promised us during the subsidy crises?

theshadyexpress: Some Jonathan Giant Strides in less than 3 years
SOME GIANT STRIDES OF OUR DEAR PRESIDENT FOR DOUBTING THOMAS TO SEE .

POWER

• President Goodluck Jonathan administration Launch the Roadmap for Power Sector Reform. The Roadmap launched sets out a clear implementation plan of the Electricity Power Sector Reform Act (2005) as a reaffirmation of the commitment to resolve the power crises and setting the path for power sector Improvement.

• The Re-instatement of the Nigerian Electricity Regulatory Commission. The regulatory body was strengthened with a new Chairman and Commissioners sworn in for the purpose of providing appropriate regulatory functions for the electricity market in Nigeria.

•He unbundled the Power Holding Company of Nigeria (PHCN) into 18 successor companies for greater efficiency and effectiveness in power generation and distribution.

• Apart from the creation of the Nigerian Bulk Electricity Trading Plc. The President inaugurated the CEO and board of the Nigerian Bulk Electricity Trading Plc (also known as the Bulk Trader) in August 2011. The requisite environment for private sector investment in the Nigerian Power Sector has been created by establishing a credit-worthy offtaker of power, NBET Plc, who provides confidence to the power generating companies that they will be paid for power produced.

• He launched the Energy Efficiency and Energy Conservation Lighting Scheme. This is to promote and encourage the use of energy efficient bulbs and lighting systems in order to create an energy conservation culture

• The Federal Government of Nigeria entered into an MOU with worldwide leaders in the power sector, General Electric. The MoU stipulates that General Electric will invest up to 15 percent equity in power projects in the country summing up to 10,00MW capacity by the year 2020. General Electric also proposes to establish local packaging facility for small aero-derivative turbines in Nigeria which will promote job creation.

• He facilitated the signing of a Memorandum of Understanding with the US- ExIm Bank. The Ex-Im Bank of the United States of America signed an MoU with the Federal Government of Nigeria to provide an investment window of up to $1.5BN for investors willing to invest in the Nigerian Power Sector.Please NOTE this is the first time such quantum of money will ever be made available by the US Exim Bank for a specific sector in Africa.

•He has improved the power generation from around 2000 megawatts to 4502 megawatts in December 2012 the highest since Nigeria returned to democratic rule in 1999.

•All ten Power Plants under the National Integrated Power Projects (NIPP) scheme are not only commissioned but set for usage.

•Improved power supply has been boosted in part by the emergency declared in the Gas sector last year by President Jonathan. At the time gas supply was insufficient. But now, thanks to the intervention by Mr. President, Nigeria now produces more gas than is required for domestic consumption.

•For more efficient power supply, the Jonathan administration has privatized the power distribution companies (DISCOs) under a most transparent bid process.

•Today, large parts of an unprecedented number of cities and towns across the country are enjoying between 14 to 16 hours of uninterrupted power supply, except in some few areas where localized problems of power distribution network have created bottlenecks for smooth transmission.

Addendum: Solar Power Supply System has been launched for the rural areas

cramjones: Stella Oduah is dancing naked in the market square. She stinks and reeks evil, she even had to cover her nose to contain the stench of corruption that oozes out of her oversized body. We will not rest till she is fired. An embarrassment to womanhood, motherhood, Nigeria and indeed the rest of world. No amount of counter-propaganda can perfume the odor of evil that oozes out of this Jezebel!

Iolo: [b]Think of it this way. Is she the only one that has been negligent? [/b]Assuming she's guilty, is she the only one involved in car saga? Truth is she most likely isn't which means sacking just her won't stop the NCAA from purchasing overpriced items in the future.

Whether she is guilty or not should be secndary to getting everyone involved fished out and reprimanded. It all seems to me like if Stella was sacked tomorrow this whole thing would die down. But is sacking only her an appropriate response? When there are others at the NCAA and even within the Ministry that was involved.

When you have 10 guilty people and you focus on just one of them , that's witch hunting plain and simple. Sacking Stella would in no way reduce corruption at the NCAA neither is it an appropriate response. People just need to see between the lines. She has enemies that want her out plus her careless Act of God statement aint helping but my view is she's been witch hunted mostly because some people like Dele Ore are no longer feeding fine.

RockMaxi: "When God shows one his enemies then it becomes difficult for the enemies to kill you", this is a popular adage but dear Hon. MOA not only have you been shown your enemies but you have lowered defense wall by allowing the purchase of this vehicle under your watchful eyes. Those you have hired to launder your image in the public have also by omission soiled your linen the more by not choosing the right word to silence your critics. I so much wish you come out unscathed but you know the rumors and the negative news will always be remembered even in the event of facts and truths to counter it.

dasparrow: @Bolded

Don't try that in any of the advanced countries or you will be cooling off in jail for child sex*u*al molestation. In the western world, they believe that if you breastfeed your baby past 12 months maximum, you are actually enjoying some kind of sex*u*al feeling with the child latching at your nip*ple. Besides, by age 2, the child can talk and has a full mouth of teeth. Why you still want to breastfeed a 2 year old that can talk, walk and has a full mouth of teeth is what I cannot comprehend. If you like someone sucking on your boobs, ask your husband to do so.

Don Demu: God bless my godfahter. Sir how i wish I can get in touch as regard my CO who might be your junior or ur coursemate or someone you know. I and i serve at 33 Field Artillery Brigade Sir and my CO is pursuing me way and manner...without me buying any job or flaunting orders. Am an ex-boy (NMS 95) and i dont fail to report as per the current Circular and for the sake of papa alpha yankeee Sir. I know i am not suppose to utter such here (Sir i dont know how to use the NL PM) but it is so galring that my platoon officer and even my regimental police both ask if i once bought the Officer's blanket job. Sir the last time i reported (all d way to bauchi} i met his absencce but decided to get in touch to let him know i reported just to make sure he doesnt book me, find fault or enter my dossier. As if NA is his village army, immediately i called he ordered me to travel down to Jos (HQ 3DIV) to see him which i did. only for him ask him to order me back as he picked the usual falt he likes picking that on a starchable on a thurday. It took the special grace of God before he formally released me for the concluded 42 SSC AFSB interview. Sir what do you think i should do in this case? Permission Sir...

Ngwakwe: I pity PDP who doesn't see any need to mobilise counter- propaganda onslaught against APC whose only definition of Opposition is to counter every policy (good or bad) of the government at the centre.

It is now clear the one of the objectives of APC in 2014 is to practise government in opposition using the House of Representatives to block any laudable programme and achievement of the FG.

I put it to you that APC is behind the recent massive sabotage of Gas Lines in the SW thereby punishing the masses in their quest for Power just to discredit the government at the centre.

It baffles me to see 21st Century should-be Intellectuals applying what they read from 19th Century politics manuscripts without considering the difference in timeline and understanding that the Electorates are now wiser.