₦airaland Forum

niyi20: Well Bankole or watever d fact remain dat father G.O is stil d most influencial person in africa bankole hav no right 2 condem him.poster can u pls giv us d reason he resign,very 4unny a pastor resign 4rm God work.1der shal neva end.but am nt happy 2 c smeone like jona on our alter its a spit on our face.

Onliie: you can run nursery and primary school for free, not a university. Unless you don't care about its quality. Convenant university is the best maintained university in Africa.

omarky: And whr is Sambo staying all this time? And what happen to the one Atiku and GEJ leaved when in office? These PDP morons are just here to milk us dry.....

Korrection: no one should blame anyone...if the roads were good what reason to go by flight...

DaLover: I tot pole from SW have education? Why is logical deduction so difficult ? Why can't you see the lines between subsidy and corruption?
If there is no subsidy, then here will be no stealing of subsidy funds
If there is no subsidy then here will be private investments in the sector...leading to jobs, net exportation of refined products and overall improvement of the economy.
Sharpen up abeg

GenBuhari: ^^What?
which power plant did Obasanjo complete between 1999 and 2007?

where did the power plants i wrote above come from since you allege obasanjo diverted the NIPP funds or you have not heard of those power plants tell us where they came from, mention names of the administrators in charge, date for which their contracts were awarded, and completion date.

At your age i least expected you to lie against obasanjo.

please remove NIPP from your list, the Gen. did a good job, you can talk about corruption and sundry matters.

Austinobisnr: oh please... Was dat y he had to call a press confrence, heating up d tension on d depositors, making dem to withdraw dier money from daffected banks. Being gov of d central bank is a very sensitive position and ur actions can gon a long way to bring worries to the depositors. Soludo ws more tactical, dats y he introduced the expanded discount window(EDW). Bt sanusi had 2do a publicity stunt

guess what, after discrediting Soludo's EDW policy, he went and bailed out the banks, lol

please can economic scholars in the house tell me the difference between Soludo's EDW for unhealthy banks and Sanusi's Bail out for murdered banks with so much noise that killed both depositors and investors confidence [s]during that period, i closed down 4 bank accounts that i was operating for more than 6yrs, no thanks to sanusi's press conference.[/s]

that is the economic puzzle ive been trying to solve since sanusi started his much touted intervention

Austinobisnr: oh please... Was dat y he had to call a press confrence, heating up d tension on d depositors, making dem to withdraw dier money from daffected banks. Being gov of d central bank is a very sensitive position and ur actions can gon a long way to bring worries to the depositors. Soludo ws more tactical, dats y he introduced the expanded discount window(EDW). Bt sanusi had 2do a publicity stunt

guess what, after discrediting Soludo's EDW policy, he went and bailed out the banks, lol

please can economic scholars in the house tell me the difference between Soludo's EDW for unhealthy banks and Sanusi's Bail out for murdered banks with so much noise that killed both depositors and investors confidence during that period, i closed down 4 bank accounts that i was operating for more than 6yrs, no thanks to sanusi's press conference.

that is the economic puzzle ive been trying to solve since sanusi started his much touted intervention

Jah Man: And what does it take to become a risk manager in a Nigerian bank?
The bank I worked for had a head of risk that had engineering background and do not understand what 'derivative' means.His successor is an english graduate and worse off quantitatively.You forgot that UBA and FBN are civil service banks where federal character thrives?If not why would SLS be named the MD of FBN in the first place when guys like Alex Otti,a 1st class economics graduate was in there or the present guy who is an accountant and chartered banker?It was a calculated plot to make him fit for such appointments as CBN guvnor.Wake up guy and learn the politics in Naija.
It is an insult to compare Soludo with Mallam SLS.Soludo professionalized CBN and stabilized the workforce to an average of 4500.SLS has increased it to enarly 8,000 with unqualified candidates who sit at the HQs and do nothing.He is surviving because he has d kids of prominent NASS members in his employment through the backdoor.Ask David Mark and he will educate you better.
Please no comparison.

olas2u: You may be right,but soludo became a politician with political ambitions and looked the other way.

it is very sardonic when a bright mind like yours is brain washed by mallam sanusi that CBN is either the police or the EFCC.

let me be honest with you, there was little or nothing soludo could have done if the EFCC chairman invites Ibru for questioning when she bought her first property.

do you think soludo had the legal powers to stop them now, a CBN gov replicated his office with that of the IG and you are here clapping for him, while losing focus on his CBN administrative core??

please even if u don't want to be honest to people, be honest to yourself.

taharqa: Why did u give a fuller account of d Nigerien Downstream sector? Do you know hw much Niger Republic sell d fuel? Niger built a refinery with d help of d Chinese and it is working cos they run a deregulatd downstream sector. Deregulate Nigeria's downstream, and refineries wud flock Nigeria; dont deregulate, and expect any private investor to build refineries in yr dreams (Or so it seems)..... By d way, no where in d article did the govt say 'they hv abandond d building of d 3 refineries', dat came directly from d azz of d punch writer. My impressn is dat d projects are stalling cos d Private investors who are supposd to collaborate wit d govt on dis are developing cold feet..

Jakumo: Most likely the helicopter was ferrying those passengers to the nearest airport, located probably under 20 minutes flying time away from the point of departure.

Yes sir indeed, this bird can take off and land 15 times in a row without a "rest". Those turbine engines are more than up to the task, and the Augusta 109 is second only to the Westland Lynx, when it comes to helicopter fast flight capability.

liyalla: Nija and hi-handedness, shay as d d helicopta crash,the other dignitrys follow d peaceful water ways? How can one helicopta go on 15 trips with out pause and U tell us it still had 80hours more to fly b4 mentainance...God see us through.

GenBuhari: jp philips,
Forget about what happened in the 70's can we concentrate about Obj's recored between 1999-2007, most projects in the 70's you mentioned where commenced by Yukabu Gowon or Muritala Mohammed.

Please ohh! do not get me mistaken for a GEJ supporter because I am not.
His govt is very corrupt.

I am just pointing out the hypocrisy of Obasanjo who demolished Nigeria in his 8 years between 1999-2007 whilst enjoying nations goodwill and years of unprecented high revenue from record high oil prices.

I cannot bring myself to criticise GEJ to strongly because Nigeria had already be wrecked by Obasanjo before he took over and deep down I do not really believe he is in charge and may probably just be a figure head whilst Obasanjo or IBB are running the country from behind the scenes.

GenBuhari: @jp philips

Obj had 11years total and he could not even complete one power plant? :

[size=18pt]Nigeria's Obasanjo and the $16 Billion Power Scam[/size]

Frontline Catholic cleric and social critic, Rev. Fr. Matthew Hassan Kukah, perhaps, spoke the minds of millions of Nigerians when he said recently that former President Olusegun Obasanjo deserved to be formally tried for his alleged role in the squandering about $16 billion voted for resuscitating the near-dead power sector during his administration between 1999 and 2007. Kukah, a close family friend of the Obasanjos, was the Secretary to the National Political Reforms Conference (NPRC) initiated by the Obasanjo government in 2005.

This call, which is a challenge to the Goodluck Jonathan administration, could not have come at a more appropriate time, especially considering the President's recent assurance that his administration would go after those who looted the national treasury, no matter how highly placed they may be. But many Nigerians doubt if Dr. Jonathan will summon the will to bring his political benefactor to book.

Dr. Kukah, who also chided critics and civil society groups for not doing enough to ensure that Obasanjo is arraigned, said: "Obasanjo probably will never be the President of Nigeria again, but we should be concerned if Obasanjo deserves to go to prison. Vilifying him doesn't give us (electric) power; it also doesn't get us the criminals that have taken our money, wherever they are. I would have loved to have Obasanjo brought to trial, because then we would know the truth." Besides the scandal ravaging the power sector, which the former President directly supervised, the double standards of the Presidency, under him, in the many established cases of corrupt self-enrichment by key government functionaries during his tenure were mind-boggling.

After the Economic and Financial Crimes Commission (EFCC) unearthed a N56 billion fraud by the former Board of Directors of the Nigerian Ports Authority (NPA), for example, Obasanjo failed to institute any process towards recovering the stolen amount and/or prosecuting the culprits, who were said to be his close political allies. Rather, some of those who served on that board were appointed to other boards subsequently. Before that scandal came to light, back in July 2002, Nigerians had been shocked when the then Attorney General and Minister of Justice, Mr. Godwin Kanu Agabi, filed a nolle prosequi (discontinuance of prosecution) on the day an Abuja High Court was scheduled to deliver judgment in a case of alleged embezzlement of N420 million by Dr. Julius Makanjuola, Obasanjo's relation and a Director at the Ministry of Defence.

And in 2006, Nigerians were similarly shell-shocked over the revelation of massive pillaging at the Petroleum Technology Development Fund (PTDF) allegedly involving Obasanjo and his Deputy, Alhaji Atiku Abubakar. This was to be followed by allegations of Obasanjo's involvements in the Transnational Corporation of Nigeria (Transcorp), which bought over Abuja's NICON Hilton Hotel, the Nigerian Telecommunications Limited (NITEL), and also acquired some oil blocks.

Fr. Kukah's recent call is timely. Nigerians continue till today to endure perennial darkness, with no real clue to the cause of the apparent intractability of the power sector's woes. It is disheartening, in this regard, that like the late President Umaru Yar'Adua, Dr. Jonathan has surrounded himself with some of the key figures that helped ex-President Obasanjo fail so dismally in service delivery. While we commend Jonathan over his appointment of Professor Bath Nnaji as Special Adviser on Power, it must be noted that Mr. Joseph Makoju, a seasoned professional, had held that same position under the Yar'Adua administration and also under the Obasanjo government. In addition, he was PHCN Managing Director for the better part of the latter administration. He ought to be facing intense interrogation over what happened to the alleged misappropriated $16 billion.

And, with discredited functionaries and contractors of the Obasanjo era still hovering around The Presidency and the PHCN, poised to snatch whatever fresh allocations go to the power sector, where is the guarantee that Nigeria will ever have improved electricity supply in the foreseeable future? While we urge the Federal Government to seek out individuals and organizations, locally and abroad, with proven track records in performance and integrity to revive the ailing sector, the issue of the mismanaged billions should not be treated as a 'family affair' of the ruling party. Nigeria's public funds must be accounted for.

Since the National Assembly Probe Committee on the Power scam was itself to be later dragged into the corruption quagmire, we call for a thorough investigation, by the EFCC, into the whereabouts of the vanished power allocations.

The former President, on his part, should cooperate fully with the investigators, in order to clear his name of the strong suspicions surrounding his administration's wasteful disbursement of the $16 billion power sector allocations. There should be no sacred cows, as he used to say while in office. Any preferential treatment of individuals will create the impression that the Nigerian government's commitment to the anti-corruption crusade, economic reform and transparent governance is cosmetic and insincere.

While sleaze in high places thrives, the ordinary citizens' quality of life has remained dismal, infrastructural facilities are decrepit, mass unemployment ravages the land, and poverty sentences the vast majority to a life of unrelieved misery.

DID YOU BELIEVE THIS CRAP YOU WROTE UP THERE?

ighoosagie: Obj is totally wrong, I believe in Jonathan govt , d humble man is just following d rule of law, even if those folks are terrorist , remember they are still Nigerian, if obama were in his shoes ,he would do likewise. God bless Nigeria

seunfly: The truth is that ladies often go for what they are seeing at the present during dating rather than look at the future. Some of this thing are usualy faked by men to attract those girls and atlast they changed to their normal self. Some of those things are:
*Money, girls tend to run after a guy that spend alot. What they usualy don't consider is (1)can this spending be sustainable? (2)will she be happy if after marriage her hubby is still spending thesame way? (3)if a man is spending like this for his gf, won't he do thesame thing to other girlfriends after she is married to him.
* Care, sometimes what girls considered as care during dating may not be real care, most are done to satisfy the lady so as to get her. many times ladies seems not to identify it. They just get carried away with the enjoyment of that time and they inpiared their own judgment to walk into something unrealistic.
*The truth, some ladies are carried away with the moments so much that they are realy unprepare to know the truth about their guy, hence they will discard the tought to seek the truth.

seunfly: The truth is that ladies often go for what they are seeing at the present during dating rather than look at the future. Some of this thing are usualy faked by men to attract those girls and atlast they changed to their normal self. Some of those things are:
*Money, girls tend to run after a guy that spend alot. What they usualy don't consider is (1)can this spending be sustainable? (2)will she be happy if after marriage her hubby is still spending thesame way? (3)if a man is spending like this for his gf, won't he do thesame thing to other girlfriends after she is married to him.
* Care, sometimes what girls considered as care during dating may not be real care, most are done to satisfy the lady so as to get her. many times ladies seems not to identify it. They just get carried away with the enjoyment of that time and they inpiared their own judgment to walk into something unrealistic.
*The truth, some ladies are carried away with the moments so much that they are realy unprepare to know the truth about their guy, hence they will discard the tought to seek the truth.

donigspain: When will Nigeria stop being used as a world industrial dump-site?

lincoln08541: All dis tinz uve been sayin abt MTN is new to me cos I can't imagine myself using any other network aprt 4rm MTN.the best of all network in africa

blaqoracle: it is because you have never been a victim of failed banks. it is because you have never been a victim of failed banks. you Did Not Include The Best Cbn governor in the world award won by sanusi in his resume.

Soludo's banking recapitalisation was good strategy but it was shabbily implemented
Even before Sanusi came in as CBN Boss, the N25Billion recapitalisation scheme was already failing.

Before Sanusi came in, Sprink Bank was already in crisis arising from faulty implementation of the N25 Billion recapitalization.

Soludo's CBN failed woefully in the regulation of the banks.The Bank CEOs had full freedom to do as they liked with depositors funds in a corrupt country. Kudos to Sanusi who came in to clear the mess.

Had it not been for his intervention, Banks like Afribank, PHB, Wema, Spring, Intercontinental,Union,Unity Bank would have been liquidated and the depositors, staffers as well as shareholders would have lost all, all together in terms of deposits, entitlements and investments respectively.

You can imagine the impact that the simultaneous collapse of 10 big banks would be on the Nigerian economy which is a weak and struggling economy.

However, what i am not happy with is the selective partial treatment applied by the CBN in the resuscitation process of the affected banks.
For instance, Afribank's shareholders lost their shareholding outright while the same criteria was not applied to other distressed banks whose shareholders still have their shareholdings intact not eroded. That was not fair.

I call it total incompetence

Both sanusi and soludo were faced with the task of reducing inflation, soludo proposed redenomination, we kicked against it, 3yrs on Ghana adopted it and they are better off for it, what did your sanurat propose? Devaluation WTF!!!!


Sanusi and soludo were faced with the challenge of reducing cost of minting money, soludo proposed polymer notes, being durable will longivate the life span of the notes, what did sanusi implement, cashless lagos (after banning ATM in public places) , dirty currencies everywhere cos he no longer mint money.

Prof. chukwuma soludo is a genius while sanusi is just a rhetoric tabularaser in a bow tie.
look at the way soludo merged our banks, i was almost scared people will lose jobs during that era, but reassuringly the prof. was sound on that policy, the banks became few in number with lots of branches, at the same time, weeding off old blood and re injecting fresh graduates higher that what we ever imagined in any revolution in the history of this nation.on the other hand,

sanusi cannot even prepare a workable MOU between the banks he murdered and his fantasized foreign investors.
I am disappointed that you took him serious, admit it now that we all still stand a chance, Sanusi and Madueke are doing a great disservice to this country.
The last time I checked “to serve Nigeria is not by force”

taharqa: Some of u guys are unbelievably Slow and Naive to booth.. You are tking of sm jobs lost cos of Sanusi's 2009 interventn. Are u aware dat if he didnt do want he did at dat time (and he seem to hv done it wit a singularity of purpose scarce in 9ja), d ENTIRE Banking sector (and oda Financial institutns like Insurance cops and d Stock exchange) would hv totally COLLAPSED? All those jobs in those institutns wud not only hv bn lost, completely; but d Economy, as we know it, wud hv bn decimatd. My frnd, just pray dat u wud nt even hv to tink bout d Consequences therein..... By d way, am not interestd in d @OP skewd Comparison of Soludu and Sanusi; only wantd to mk d above point...

1. an offensive term that deliberately insults somebody's intelligence (insult)
2. offensive term: a former term for somebody with significant learning difficulties and impaired social skills, now considered offensive (dated offensive)

chimii: No mind the praisesinger, na photoshop. T.A Orji is the worst Governor ever known, no vision or direction...May God deliver Abia in the near future!

patrikobi: what a great job the governor is doing....keep it up T.A Orji

Kposkila: d only factor i believe is d God factor, even if d whole world applied 4 it, i believe God to make me d no 1, even if i dnt knw any 1. . .

cyril83: You mean five hundred and nine thousands unemployed graduates applied for just one thousand five hundred slots...chai how I wish God could answer my long time prayer by sending heavy fire to consume this hell called a country

for a lousy Govt Adhoc parastatal what if it was an oil and gas company?? chei naija youths don suffer.

Ezedon: when ll this country stop longlegism and embrace meritism

The moment you stop voting PDP and have the courage to burn a senator alive