₦airaland Forum

N433m to do what ? Can someone please investigate.

Good one dBard.

Truth is , most Nigerian men have at one point or another had sex with a minor so they see nothing wrong in that.

I pray and hope justice is served.

TonyeBarcanista:
The accuser LIED over EVERYTHINg! What is rape? Isn't rape supposed to be having forceful sex? Did her conversation sound like one to you? Or is it now rape for a 24yrs old man to have consensual sex with a 17years old girl? Helloo, the legal age for sex in Nigeria is 16... Go figure!

This comment quite exposes your ignorance on this issue.The legal age of consent in Nigeria is 18yrs,so dude had sex with a minor (read the child rights act 2003). Secondly,being in a relationship or having had prior consensual sex with someone does not mean one cannot be raped by the same person.

This case, if pursued to conclusion will set a standard and serve as a deterrent to ignorant people like you who prey on young impressionable girls for sex.

Please give opinion on what you know and not write insensitive trash because you think you have an opinion.

To access Anambra state 2015 budget,click on the link below to see how your government intends to spend your money.

http://www.yourbudgit.com/data/

Kemi is a small round peg in a big round hole,her qualifications and experience are mediocre when compared to the position,I can pull a thousand Linkedin profile of nigerians with equal or much better qualification and experience.I would have preferred Doyin Salami in that position but Buhari in his wisdom has appointed Kemi instead.

Its still early in the days and I think Nigerians should give her the benefit of doubt,I know she must have been following the conversations around her qualification for the job so its up to her prove her worth.

FranklinRich:
Very interesting read Oga Kagame. Soludo tried to bring to bear most of the issues plaguing the economy and the ambivalent nature of most of CBN's policies.

Oga if I may ask why the downgrade to "HOLD". The present administration seems like Keynesians to me. Seems like we are about to embark on our own naija-styled QE. High Liquidity in the banking system is driving down tbills rates to the extent that we are now seeing negative real rates (when we factor in inflation at about 9.3%). The govt seems to want a bigger budget next year to bring us out from the economic malaise presently plaguing the economy so as to foster economic growth.

If this situation continues, I see funds by next year chasing stocks in the equity market for higher returns. Also a reduction in MPR might signal we are about to enter an easing cycle and I see this as a positive indicator for the equity market come next year. With some select stocks yielding a forward dividend yield of over 10%, I think we are closer to the bottom of this market. I might be wrong though but my guts tells me to continue to take strategic positions in some stocks.

I downgraded to HOLD cos I initially thought I had it all figured out. I had thought the turbulence had died down and was hoping to test the depth of the water with both feet. However, after reading the article I am of the opinion that it would be a wise move to test the depth of the water one feet at a time cos still waters run deep,literally.

Yes,Buhari and the CBN could be doing their best but economic decisions goes beyond patriotism. Even with the easing and naija styled QE,we have not seen the net effect of the excess liquidity on the markets as apparently the players are confused on the policy direction of the government and would rather opt to keep their cash ,than make a wrong call. I am worried Buhari would not be open to taking sound advice from economic experts.Buhari's aversion for liberal and free markets could be one of the reasons why highly rated Doyin Salami did not make the ministerial cut despite being projected as a top candidate - Doyin is an apostle of free markets and he proudly wears the badge.Buhari is inadvertently(advertently?) setting the economic agenda with his policy comments on devaluation and forex and the fulcrum of his economic team (Emefiele,Kemi Adeosun etc ) does not look like people that would ruffle feathers by telling Buhari the truth about the economy as it is.Emefiele and Kemi's comment so far are largely trying to mirror Buhari's thoughts,rather than offer an alternative economic thought.

Well, I hope I am wrong but it would not hurt to tarry a while and wait for the economic agenda of the administration to crystallize. However, this does not mean that I would not take advantage of massive opportunities if they become available,but of course not with both feet in and two eyes closed.

Nice weekend Sir!

This wonderfully written treatise by Profesor Charles Soludo on the state of the economy,Buharinomics and the way forward - "Can A New Buharinomics Save Nigeria?"

You can find the article on http://linkis.com/saharareporters.com/PtNLU

I must warn its a very long piece but a very good read - less of politics and pure economics!

After reading, I downgraded my investment options from "ready to BUY" to "HOLD".

There is real poverty in the land. I wonder why customs choose to dispose the items haphazardly.

Godisfaithful:
Well, Myjoy08 is back with Myjoy084. It is well

Welcome back! I hope you've learnt your lessons.

Godisfaithful:
Really? Or you just assume? Well, if you know myjoy08 very well, you will surely understand his lifestyle. Anyway, talk is cheap and free, but freedom is not free. Say what you are sure or certain about!

Myjoy,why reply with another moniker but refer to yourself in the third person?

stokfrick:
Na waoh! See as oando take tidy myjoy enter voice mail. Chai, with his level of optimism and positivity I doubted he would not know his way around so as not to be hit! I really miss his comments here, giving us hope when all seemed bleak ! Although he's stylishly back, its just a matter of time he'll be back with his comments. NSE and Nsempa could be addictive you know!

Smart people understand why he disabled his account.He did that to erase the audit trail of all his overly optimistic calls on Oando and other stocks. If he hadnt done that,many of you would have dug into his past posts and you know too well the outcome.

Well,if you ask me ,I dont think he has ever bought a stock in his life , he always sounds like someone who has nothing at stake and nothing to loose.There is a reason why the word BUY,HOLD and SELL exists.This is money we are talking about,not cowries.

Meanwhile, a random check on the internet shows that this news is circulated within Nigeria only - no word from the international press.

Not a serious candidate yet.

@OreMi22

Thank you for your incisive posts -very enlightening.Though I get disappointed when I see you involved in tribal bashing.That aside, your suggestions on this thread and the Anambra thread are always spot on!

megainvest:
Make no mistake about it; FBNH is likely to post a good result. What is driving FBNH price down is not poor performance but the fact that a great dividend is not expected this year.

Not just dividend,declining ROE,poor capital position,increase in impaired loans and resultant impairment charges.

edwardaigb:
Have anyone thought that mjoy08 and wale is same?

I believe you are joking.The difference between is clear.

For the first time,I wholly agree with Igbokwe. Eze ndigbo outside Igbo land is a needless distraction.

Investors can be funny.Dem say fire dey burn and some people are still making exceptions,rationalizing and hoping its a strategy by Wale and co to mop up shares. Guys wake up,this is no strategy,Oando is in a deep mess.

Gents I noticed something interesting.

-Senator Udo Udoma is the Chairman of Union Bank Nigeria. Apparently not an active member of APC, but he made #The List despite protests against his candidature from some APC stalwarts in his home state.

- Okey Enelamah is the MD of African Capital Alliance (ACA). ACA as the lead investor,in a consortium with three (3) other firms ,own 61% shareholding of Union bank Nigeria.Okey Enelamah is not a card carrying member of APC and is not known in political circles. However,he made #The list.

- Muhammed Buhari has just one bank account, which he has operated for over 30yrs.He also borrowed money from his bankers to purchase his nomination form.And he banks with Union Bank.

This information can either make business or political sense depending on how you choose to assimilate it. #Conspiracy theories

chino11:
As a man of peace I hate fight more especially by adults. You guys should grow up!

Chino, is that you or someone hacked your account

Barrist0:
I don't give a damn whether gej, ibb, obj or whatever..... No insulting of elders full stop!!!

Which elders are you talking about and why should he be restrained from stating his views about them ?

Nairaland and its handlers are knowingly/unknowingly creating unhealthy stereotypes.

@FK081

Sorry to ask for the second time, is that truly aguleri or onitsha?

FreeGlobe:
You are nothing but a hypocrite. You dont work with speculations and conjectures but you are the one telling us obi left 80 billion naira for obiano without any accompanying proof to that?

Secondly, you dont know anything about how Nigeria government income and budgets work. Are you aware that Osun state has a higher budget than Anambra state? Osun state budget is 216 billion naira and 201 billion for 2014 and 2015 respectively. Are you now implying Osun receives or has more money than Anambra state?

According to this report, Anambra LG's receives around 2.2 billion naira allocation per month. Multiply that by 8 years and tell us how much it amounts..
http://www.premiumtimesng.com/oilgas-reports/faac-reports/157561-faac-report-revenue-allocation-states-lga-december-2013-shared-january-2014.html


Talking about foundations.. Obi did his tenure, he did not lay any foundations.. All the foundations were already laid by Ngige. Obi cannot come and deceive us he was laying foundations. where are the billions he received?

In simple terms, a budget is simply a wish list .That is what it is.If your receivables does not match your budgeted spending,your budget becomes nothing but some piece of wishful thinking. Osun state can decide to budget N200bn while Anambra budgets N100bn , at the end of the year Osun receives only a paltry N50bn with a miserly budget performance of 25% , while anambra receives N80bn with a fantastic budget performance of 80% , now tell me, who among the two is richer, wiser and prudential ?.

Freeglobe , people criticise and antagonize what they dont understand, now if you cant understand what a budget is and how it works , it means you are "right" to antagonize Obis govt cos his approach to government finance and development is way beyond the realm of your intelligence and understanding.

Talking about hypocrisy , Obi said he left over N80bn , it was well documented by major news outlets. I have not heard Obiano refute that,except for some mumblings here and there which amounts to nothing official. So , factually Obi has not been proven wrong and his figures still stands.

Again , you claim anambra receives N2.2 bn/month ,dude the figure varies depending on the monthly disbursement from FAAC . The amount disbursed varies due to the fluctuation of oil price which is the major funding component of the federation account. So anambra could not have earned N2.2bn statically over 8yrs - sometimes its higher and other times its lower. That was why I used averages in my first comment cos we are talking about a variable here.

Now Freeglobe , I can see you are very deficient in govt and public finance. I will be very willing to tutor you further ,pro bono. Maybe it will go a long way to change your mind about the man Peter Obi.

FreeGlobe:
Seems you are unintelligent. Are you calculating Peter obi's budgets or financial inflow into the state for 8 years? The IGR, the Allocations, LG funds which he looted for 8 years. The Ecological Funds and other intervention funds. You must be kidding..

You people keep talking about the so called 75 billion which Peter obi claims to have left for obiano despite obiano's aides severally denying this funds. I bet you very soon obiano will come out to emphatically deny receiving this money himself as he has never accepted receiving the money.

I have repeatedly said that Anambra not being broke is a credit to obiano and not peter obi. How will Anambra go broke when obiano more than doubled the IGR in less than 6 months? The people that tell us obiano is paying salaries today because he didn't meet debts should also tell us how wike of Rivers state cleared 3 months debts he met as governor and is currently not owning salaries.

Truth must always prevail over propaganda, thats what you don't know

Do not confuse yourself with something as simple as a budget , I mean you dont need to read up Adam Smith to know what it means , the cheapest longman dictionary should be able to give you the faintest idea.

Ecological funds and other intervention funds are all captured as part of expected income in a government budget. The only item which cannot be accounted as expected income in the state budget is the LG funds cos it belongs to another organ of government which statutorily should be financially autonomous from the state govt ,that is why you have states setting up Joint Account Committees. Granted that LG funds are easily pilfered by state govts , Anambra has just 21 LGAs and they receive cumulatively nothing in excess of N1bn/month.

Adding up all the LGA funds over 8yrs still leaves a huge deficit compared to how much the gutter reporters are bandying about.

You cant talk about the future without talking about the past , Obi laid the foundation , Obiano is continuing in that path.

Btw , I dont work with speculations and conjectures ,facts matter a lot as I like crunching the numbers.. If you have concrete figures or reliable data source , I will be very happy to discuss with you ,otherwise hold your peace and desist from beer parlour discussions.

FreeGlobe:
Finally

http://247ureports.com/efcc-investigates-fraudulent-contracts-in-anambra-peter-obi-is-person-of-interest/


cc.. cuche

Whoever wrote that news item must be a joker. He alleges that Obi stole N700bn in 8yrs ? The budget during Obi's tenure averaged N80bn per fiscal year ,adding up to N640bn for 8yrs.

Out of an N80bn yearly budget , wage bill and pension entitlements averages N3bn/month adding up to N36bn per annum ie almost half of the yearly budget spent on wages alone. Add that other recurrent expenditure and not forgetting the "little" capital projects they claim/agreed he executed during his tenure. Then, be aware that governments budgets dont always have a 100% performance as revenue projections does not always match actual earnings.

After stealing N700bn, he was kind enough to have left over N80bn for the incoming government -Peter Obi must be a thief with a conscience , Anambra needs more of such thiefs.

Peter Obi is not a saint ,I never truly appreciated his impact untill I read of some supposedly rich states gone broke and not being able to pay salaries. Then I realised how much of a solid financial foundation he has laid for anambra .The courage in annointing a successor who knows a thing or two about finance showed how much love and concern he has for the state.I hope Obiano keeps anambra and its finances in a better shape after 8yrs.

As for the article ,it belongs to the gutters!

If you want to cut some good deals, you should be in the market at the moment.

Aks:
@Yem0350 - The prices quoted are not realisable especially on GTB, Skye and Oando

With the current market sentiments, everything is realizable.

stockbull:
faith practice is not good in stock investing decision,always acknowledge mistakes rather than putting faith and get the mistakes compounded.the market will definitely rebound but may be trading on sideways in the mid-term and only few investors break even while a few investors could make profits.

Very apt.

Idi Amin Dada - The last king of Scotland.

manie:
They will get out of this mess, but management must change.



https://www.nairaland.com/2504524/first-banks-rising-loan-losses

True on that, Onasanya is already on his way out.

manie:
PR stunt from FBN

This is serious coming from Oga Manie.

Oga mi, have you gotten to the point where you feel like ending your relationship with FBNH , just like you did with Oando ??