₦airaland Forum

TheNiceGuy:
You talk, write like an educated illiterate

A very big one for that matter. How does the suspension of both about financial inducement, relates to Oshiomole. Okpeboho should be commended for even having the courage for suspending them. They are big wigs. If you know Edo politics you will understand better. We have to many educated illiterate on this platform.

nevilbot:
You actually didn't understand what you read. You read the headline and just reached a wrong conclusion without reading the body of the article.

Orji kalu wasn't appointed as the SEDC chairman, he was appointed as head of the senate committee to oversee the SEDC. the senate has many oversight committees to oversee govt ministries and commissions as part of carrying out their senate duties to monitor budget compliance and kalu was only made a chairman of the senate committee that will oversee the SEDC. the SEDC Still has its own chairman who is not a senate member and whose job is to handle the day to day running of the SEDC.

They are the people who always say Buhari and Tinubu are not educated. It is a shame that some of them can't differentiate between a chairman of a commission like SEDC and Senate committee chairman. Educated illiterates are all over nairaland.

Odin13:
Hahahahahaahaha
… and Edo and Ondo recs are receiving huge brown envelops

Finally you go sack the chairman…

No matter how you plan Tinubu the Yoruba god…
.. we’re a million times step ahead of you… walahi!
With your billion dollars. Power of incumbent and yorubatic warrior …

Power to the people!
God bless Nigerians


Tinubu must go!

Who know you in the society. Tinubu will disgrace your tribe when the time comes.

AKWATGOLD1:
I observed that there is no budget for EAST-WEST ROAD in the Trillions mentioned for road infrastructure projects.

How many times do you want to budget for the same road again. East west road is currently undergoing construction. We are not suppose to be talking about the road, if not that Jonathan was stupid not to reconstruct the road under his presidency of six years.

iwaeda:
Appropriations without implementations.

Sorry oh ipob member. Since election loss, you brain has been demented.

History555:
4.2 trillion contract in a budget you allocated 300 billion for roads. Propaganda doesn't build roads

Which kind of education did you get. So you can read and comprehend. Na wah oh for illiterates on this app.

SendoSendal:
Another sum of N1.164 billion was spent in the 2023 fiscal year on renovating the governor’s residence.

A review of the approved 2025 budget for the Rivers State government has shown that a sum of N3.5billion has been earmarked for renovation of governor’s residence. This budget is despite the fact that a sum of N3.2billion was spent on same between January and June 2024, per details in the budget document released by the state government.

Another sum of N1.164 billion was spent in the 2023 fiscal year on renovating the governor’s residence. Another N2.6 billion was budgeted for renovating Governor Siminalayi Fubara’s office building.

The development is also as a sum of N1.5billion was earmarked for renovating the First Lady’s office building under the tag “Renovating her Excellency Office Building”.

Other planned expenditures include N350 million for buying canteen/kitchen equipment at the Staff Canteen in the government house.

A sum of N1.5 billion was earmarked for renovation of banquet hall of government house, rehabilitation of new presidential lodge residential building is expected to gulp N1.8 billion, renovation of number 4 Eleme Guest house is expected to gulp N1.311 billion, renovation of government house jetty is earmarked for N610 million, renovation of government house auditorium is planned for N1.2 billion.

There have been concerns on prudence in expenditure by state governments.

This concerns come amid developmental challenges facing countries in the country.

On the domestic front Rivers State owes N389 billion as of September 30,2024.

There are 2.52 million poor persons in Rivers State, 77% of households in Rivers State lack access to sanitary facilities ,58% of households lack access to clean drinking water.

https://saharareporters.com/2025/02/03/rivers-state-govt-budgets-n35billion-renovate-governor-fubaras-residence-2025-after

mugus will not condemned Fubara but let it be an Apc governor, the sad east people will flood here.

Judolisco:
Na apga get anambra but let's see if they'll vote LP

Nigerian's are watching with keen interest. Let see if Obi can deliver LP. His popularity then was as a result of fear by Christians about APC Muslim Muslim ticket which him and Igbo Obidients used all manners of propaganda to get votes. Let see which propaganda they will use in the forthcoming Anambra guber election.

AmazingGenius:
The case underscores the growing scrutiny of corporate debt defaults and the increasing willingness of banks to pursue aggressive legal measures to recover funds.

A Federal High Court has issued Mareva injunctions freezing assets and accounts linked to General Hydrocarbons Limited, its affiliates, and media mogul Nduka Obaigbena over an alleged $225.8 million debt.
The court’s decision follows a legal battle initiated by First Bank of Nigeria Ltd and FBNQuest Trustees Ltd, both subsidiaries of FBN Holdings Plc, seeking to recover outstanding loan facilities.

According to court documents obtained, the plaintiffs claim that General Hydrocarbons, an oil and gas company owned by Obaigbena, defaulted on the loan repayment as of September 30, 2024.

The company, which operates Oil Mining Lease (OML) 120, is now subject to severe financial restrictions.

Court Order and Financial Restrictions

The Mareva injunctions restrain major commercial banks, including Guaranty Trust Bank, Access Bank, Zenith Bank, and First Bank, from releasing funds or facilitating transactions involving the defendants.

Digital platforms such as Paystack and Piggyvest were also directed to freeze accounts associated with the embattled company and its affiliates.

“An order of Mareva injunction restraining all commercial banks in Nigeria, including Guaranty Trust Bank Limited, Access Bank Plc, Citibank Nigeria Limited, Carbon Bank, Ecobank Nigeria Plc, Fidelity Bank Plc, First Bank of Nigeria Limited, First City Monument Bank Plc, Globus Bank, Heritage Bank Limited, Jaiz Bank, Keystone Bank Limited, Opay Digital Services Limited, PalmPay Limited, Paystack Payments Limited, Piggyvest, Momo Payment Service Bank Limited, Polaris Bank Limited, Providus Bank, Stanbic IBTC Bank Nigeria Limited, Standard Chartered Bank, Sterling Bank Plc, SunTrust Bank Limited, Union Bank of Nigeria Plc, United Bank for Africa Plc, Unity Bank Plc, Wema Bank Plc, Zenith Bank Plc, and all other financial institutions operating in Nigeria, from releasing or dealing with any funds or assets due to the GHL up to the sum of $225,802,379.69,” the injunction states.

In addition, companies involved in oil block OML 120 operations were directed to submit production and revenue records. Proceeds were diverted to the plaintiffs' account pending further hearings.

Allegations of fund diversion

According to the court filings, the loans were initially secured with crude oil stocks, insurance policies, and receivables.

However, the plaintiffs allege that the funds were misused for personal expenditures, including luxury real estate acquisitions and private jet operations.

Sources familiar with the case disclosed that the financial institution sought court intervention to prevent the defendants from depleting assets before a final ruling.

The injunctions also extend to individual directors of General Hydrocarbons, barring them from selling or transferring personal assets within Nigeria.

Implications for the financial and media landscape

The legal action against General Hydrocarbons and Obaigbena could have broad implications for corporate governance and financial oversight in Nigeria.

The case underscores the growing scrutiny of corporate debt defaults and the increasing willingness of banks to pursue aggressive legal measures to recover funds.

Market analysts noted that the development immediately impacted FBN Holdings’ stock, which fell 1.27% to close at N31.05 on Thursday.

Investors are closely monitoring the proceedings, with concerns about potential ripple effects on the financial services and media industries.

What happens next?

Legal experts suggest that the court’s decision to impose a Mareva injunction indicates the severity of the allegations and the need to prevent asset dissipation.

The case is ongoing, and further hearings are expected to clarify whether the frozen assets will be liquidated to settle the outstanding debt.

Observers anticipate that the outcome could shape future legal approaches to corporate debt disputes in Nigeria.

If upheld, the court’s order may serve as a precedent for financial institutions seeking to secure claims against delinquent borrowers.

As the legal battle unfolds, stakeholders in Nigeria’s financial and energy sectors await the court’s final ruling, which could determine the fate of General Hydrocarbons and its influential owner, Nduka Obaigbena.

Source: https://www.pulse.ng/articles/news/nduka-obaigbena-fbn-debt-2025020314502929193

Criminal and that was why he turned his station to be an arm of labour party. If Obi has won, he will have supported him. He must vomit all the loans with interest he took from first bank. Late Ifeanyi Ubah did same too. Their online goats will always say, we make our money outside government. is this not worse than that. Maybe one day, first bank may just liquidate and some of us who bank with them will kiss our hard earn money goodbye. They should seize Arise tv if the money is not complete. Criminals.

owobokiri:
Audio seaports..
Google and you will see endless stories and pictures of one federal government team or the other visiting almost every other southsouth states to talk about opening up the seaports there. Nothing happened. The more you look the less you see. They come down to the southsouth to take pictures for the media and go to Lagos to develop more ports.

That's how someone from Calabar and Bayelsa will have to travel all the way to Lagos for port related businesses. Meanwhile there are endless seashores all over the southsouth. Developing the ports in the southsouth has now become rocket science to the federal government.

Meanwhile, Tinubu is busy building a "coastal highway" from his new ports at Lekki to all the southsouth states. That way imports will be easier for you guys in Calabar, Yenegoa and Uyo to access. That is while all the southsouth ports lie fallow. And your leaders are clapping...

You are always pained. Most south south will appreciate Tinubu at the right time. Even the first lady is our own.

wizelink:
[/b] what have those that helped SA during apartheid benefited from SA if not continuous xenophobic attacks.
Nonsense [b]

check the genesis of the xenophobic attack and Nigerians are the worst hit, particularly from one tribe and then you will understand. No saner country will allow foreigners to destroy it. Why engaging in drugs dealing and even selling to underage, just because you want to be rich by all means. Same tribe are quick to call president Tinubu drug lord and we hardly hear his tribe into it. Funny people.

Sonnobax15:

See people wey common ordinary small Rwanda dey tear their nyash like back to back wan dey shake their small nyash for where Donald Oghenerukevwe Trump dey

That is how you people become slaves in delta state in the midst of plenty to your politicians .Una too reason like brain dead people. That is how you know a president. Trump should know everything didn't begin from America and end in America. Ghaddaffi proved it. Middle east are proving it now. Let trump say rubbish to middle east and see if they will not insult him. UAE is now the world tourism destination. Those Arab don't really fancy going to America and other European countries cos they have replicate and even do better what they don't have before. Which place in America you can compare with Dubai now.

AMINDA:
I see some of them jubilating the purported decamping of Kwankwaso to APC and I laugh. After the treatment of Elrufai, any influential northern politician striking a deal with Tinubu will do so with great suspicion and use a very long spoon. Tinubu will struggle to find a northern loyalist that can sell him in the North without being mocked, because the treatment of Elrufai will always be referenced. Betrayals have consequences and they should be honour even amongst thieves.

You are just ranting cos Tinubu will still win 2027. Wait till ending of the year and see political decamping from the north. Why are you people shaking with the purported decamping of Kwankwaso to Apc. Tinubu will go for the real political gladiators in the north. I am still standing in what I keep saying, igbos will be the pawn in the chess game. They will be badly affected after the next election.

Odin13:
…….. after all gibberish… truth is .. Arewa will chop Tinubu’s billion and on 27” will look right ..

Some will even decamp.. and chop more … and still deal with the frog eye god of the Yoruba people

Just a matter of time ..

Make coalition first align


If Tinubu sign my deals on his table.. I will chop and still look right …
Nigeria can’t continue like this .. is not all about money..
More of freedom. Slaves will never understand.

Why you igbos are so bothered about Tinubu a Yoruba who has have enough taste of Aso rock. You people's consign should be how you can even get vice president. You people are now looking like a minority in the country, all thanks to politics of emotion, bitterness and hatred. Yorubas are ahead of you people in most aspects of life.

AMINDA:
Clearly you have never been to Kaduna. Elrufai still remains arguably the best governor Kaduna has ever had in terms of infrastructure, reforms, IGR and attraction of investments. Make una dey sometimes leave social media and go outside to touch grass.

I know it has become a cliché for everyone to mouth off "southern Kaduna" but it is an established fact that Kaduna has always had that issue long before Elrufai ever dreamt of governing it. From the Zangon Kataf, to the Miss World debacle and several other historic skirmishes. Killings still persists on the low in Southern Kaduna today but the media is under-reporting for whatever reason.

Do El rufai was a performer but he heated the issue of Southern Kaduna crisis cos of hatred for Christians. He even boosted of winning re election with a Muslim Muslim ticket and he did, not minding the effect. Ask yourself why southern kaduna has been peaceful since the resumption of the current governor. Why has the issues you raised not continuing. El rufai can't deliver the Kaduna state votes to any party he join.

Odin13:
Tinubu betrayed Arewa …

Let him touch any of them and see him burn alive .. with una fingers and mouth wide open..

Is not a joke ..

Is reality of fact .. not friction.

Nobody is scared of Tinubu except Yoruba people ..
He’s a Yoruba god limited to Yoruba land

Understand this .


Power to the people

Tinubu must go!!

By the grace of God

If you igbos are not scared, why don't you people fight Tinubu to get the terrorist Nmandi kanu released. After 2027, you igbos will be badly affected cos of your nzogbu nzogbu politics. Go and mark it down.

Lovenorth:
Useless talk from unpopular mal-administration. The Jonathan treatment awaits you either you like it or not, we have made our minds and it is done and dusted. You can't toy with the North politically and go Scott free

I can bet with you that it can't work. Wait and see from 2026 and you guys will understand why Tinubu is called Jagaban.

Oghene86:
Na una first heat the polity with hardship, if not that Nigerian just like sufferings Tinubu would have resigned on his own, because it so evident he doesn't know what he is doing.

So Ameachi and Co are just following your steps

Ameachi and Co are not interested in the upliftment of the masses but their personal benefits. If they were assigned a role in Tinubu's government, will they speak I'll against his government. You igbos should stop emotional and hatred ways. Now Ameachi and El Rufai are now saint in your eyes, after many years of crucification against them. Una they easy to predict and that is why they toss you people around

Streetinvestor2:
Hate is under statement. The SW president must be removed by 2027.The SW thinks 2027 will be about obi to igbos.i will wish obi does not participate in 2027 so that what we do to SW president go loud.The SW are the main enemy of igbos.The igbos have never benefited anything from them.How many do live in SE.The north has always been the best partner to igbos in everything. The SW only survive via the monopoly created to favour lagos and igbos are the ones paying for it.Any state outside lagos in SW is sithole. How many igbos are in those states like you have igbos in all northern states. If you are igbo around me and consider T pain,you have to watch anything I give you to eat. T pain name is just a taboo in igbo land.The SE did not participate in the last protest because the SW will use it as means again to attack igbos like what happened in lekki.We know how they play thr game.During the protest they arrested people mostly minor in the North. If it was in the SE they would have asked them to shoot the youth. They see igbo youth as a threat to thr survival. That was how they sold the idea to starve our children to death during the war and giving igbos only 20 ponds after the war
The SE will definitely align with north in 2027 to do the needful

The same north you people have been insulting for years. You people will be the biggest loser when Tinubu get reelected.

Bookhub:
I am not saying he can not rig ,the question is will he be able to bully the north and east into submission, obidients won in 2023 but they were bullied because the north and west aligned and the mandate was stolen successfully 1 cannot win against 2,but since the north and the East hates tinubu lets see the stunt he will pull in 2027 if he will not slide the country into chaos.

East is inconsequential. Tinubu knows how to manourver in the north. He has what it takes to divide the Northern votes and add to the total support from his base he will receive in 2027. Atiku on ballot even if Obi as vice can't win south south. What Tinubu loyalist and supporters in south south need to say as long as the refineries keeping working, it's to tell our people about Atiku's promises to sell the refineries.

kettykin:
The practice of political cross-carpeting, infamously introduced by Awolowo and condemned as the most shameless betrayal of political principles, is now being embraced by the outgoing ruling party APC , let's see how fat this will take them.

When Obi was decamping from one party to another, did you preach this sermon. Hypocrite

Sirmwill:
Most of them have taken many bad decisions to get here 🙂

Keep quiet, pure talent brought them there.

PDPdestroyer:
Real recognize real. Best governor meets best African footballer of his generation

Drogba is not the best African player of his generation. Where did you put Eto. Anyway he his a great player.

Paraman:
Can you list out the achievement of Jonathan? He spent 6 years in power, how many federal roads did he build in the east? List out the roads

Under Jonathan, how many Nigerian students have access to student loans?

He spent 6 years in power, how many of the refineries is he able to fix?

Tell me how many MW is Nigeria generating, transmiting and distributing when he became the acting president in 2011 let's compare it to what we were generating, transmitting and distributing when he was about to handover in 2015?


List out the tangible Jonathan achievement, let's start from there sef

Leave the ozuor, which signature project did he do. South east was nothing to write home about with their roads and they begged him for the construction of second niger bridge but left undone, until Buhari came and award the bridge. In south south is zone, he was a complete failure. Nothing tangible in south west. Under Jonathan, Nigeria withness the second oil boom after IBB.

cjudy:
You’re nothing but hypocrites. Tell me President that have performed since Jonathan left that position? Buhari or Tinubu?

What do Jonathan did. He subsidy alot of things that he knows it will have effect in longer on, instead of tackling the route cause. Before he left office, he was borrowing to pay salaries and many governors couldn't pay salaries even when oil sold so high during his time. Go and check the meaning of bailout, many governors rush to Buhari for bailouts. He couldn't checkmate the looting that took place under him. Dezani may remain the most looted minister since 1999.

Odin13:
Now it’s obvious the entire southwest Yoruba is under panic as it’s comes ..
Atiku gave Baba buhari a run for his cult followership in the north .. and buhari nearly escape with a 1.8 million vote after rigging ..

Atiku gave Tinubu a hot in north .. and in south.. plus Tinubu rigging plus minus .. Tinubu lost figures ..

That was how they set kwankwaso up in North that he’s a giant .. he lost and lost beautifully

Saraki knows his onion and also knows too well he can venture into a politcal turf against Atiku..

GEJ would have tried .. but right now .. he don’t have the muscle to pull it .. South might be loyal.. but what about Arewa
Tinubu must go.. obi is the figure that ought to align with Atiku.. same same ..
Te em Tinubu will congratulate them before inec start.

Wike can pay any human.. to talk gibberish.. let him keep trying .. but the harder the come .. the harder the fall

If Atiku is the only political figure to give buhari a run .. no other northerner can pull that .. and this the North knows very very too well

Primate Abi Wetin the call am . The politcal bishop with lots of a failed prophecies is on his own and cannot gaslight anyone ..

Tinubu and his Yoruba government is truly feeling the heat .. event never even start and it’s like this .. make November reach he will release another story

God bless Nigerians

The burning of Tinubu bill board in the North really send a big message to Tinubu and his minions

Them go hear word

For those saying Tinubu is not GEJ.. I laugh in Yoruba ..

E go soon be ..

Nigerians has rejected Tinubu.. even the gods has rejected him
GEJ too had hoped till e clear


E go olay

Tribalistic and religious clown Obi will be humbled even as a presidential or vice presidential candidate. Obi has lost it. Na only you people in igboland will give him that kind of vote from east. He will have reduced vote in other zone cos he don't have anything to sell out again.

greypencils:
I see. The way to winning a Grammy is a romance with Hollywood. Tems getting to Jennifer Hudson's show was a strategic move. I was rooting for Asake's MMS though. Sad his collabs with Travis Scott and Central Cee couldn't get him through that door. Congratulations to Tems by the way!

Let people from your place romance with trump and get one. Same thing was said by that goat about burnaboy and he landed in prison. Music is not about nyansh and gbo gba. Go and listen to burnaboy new song, Whiskey and see why he is the best niaja singer.

theophorus:
To some people the Country is a Zoo and they are the "Animals" but to some The Country is the Giant of African and Blessed Great.

That is how you know unintelligent people. You called the country a Zoo and you live in the zoo. Definitely they are actually the animals living in the zoo and their biggest animal is in the zoo cage. Education is very important.

Educationalserv:
According to IPOB TV but Bodies and Victims relatives could not be Located

Igbos taught they can lie of that magnitude to demarket Tinubu their greatest nightmare from contesting the last election. Let anybody come with prove of who was killed. An handsome reward await him or her. It was a propaganda from them. Nmandi kanu started with order but his boys in Lagos couldn't not gather the liver to attack Tinubu and family, they restored to lies. How can people be shot and killed and no video of blood or victim been carried. Fear those propagandists.

EmperorCaesar:
And its impossible to clean up and still have this institute of learning in the same place?

Does it even make sense that the ND despite all the crude deposits there do not have this kinda school over there? You should have asked that they scrap the university of petroleum too

His a fool. He is afraid that if Tinubu keep doing what we expected from Jonathan, Obi and Co will lose south south vote in 2027. With the refineries coming to full capacity, approved maritime university, coastal road, rehabilitation of east west road and now this university, Tinubu will definitely be voted for in south south more than before.

Ojuntana:
How many unis does FG have now

How have they been funded and how will they be funded going forward

Shouldn't we instead encourage more private participation in tertiary education instead of all these universities springing up everywhere?

Besides, it seems this clueless APC govt have no serious response to national issues

The issue with Ogoniland is cleanup and environmental restoration not education about environment cleanup. How will a university of environment help with the clean up or restore the ecosystem?

How does it restore the livelihood and living of the longsuffering people of Ogoniland

Will it also ensure that best practices are employed in further oil activities to prevent a reoccurrence of the previous disaster on an even worse scale?

I raised concern about the presence of major politicians in the entourage to discuss the Ogoni issue

It seems I've been vindicated. This is simply tokenism and whitewashing and is not even close to addressing the real and germane issues facing the good people of that area

Shut up your mouth if you don't have anything to say. That university kind been proposed is not currently in Nigeria. Just the way the maritime university was also approved in delta state. Why don't you ask how many airport aleeady when the FG sited one in Abia.

chopnaira:
https://www.vanguardngr.com/2025/02/meet-toyin-tofade-first-black-female-president-of-a-us-college/

The Yorubas are truly the pacesetters and epitome of education. Anybody or tribe who argue the obvious has mental problems. Yorubas has given Nigeria good names abroad than the combination of other tribes together. Am from Edo state and research has proven that. Awolowo is truly an enigma. A foresighted Nigerian. The best president Nigeria didn't have. Those who betrayed him will continue to be miserable.