₦airaland Forum

dont tell nigerians all these...please...we have issues at hand...weight or not...we are the healthiest people on earth...ask americans

Now i see the simple reason for the unrest in the country...i think this is a big joke from our northern brothers

BY SONI DANIEL, ASSISTANT EDITOR
Abuja — There are indications that the North is working assiduously towards dumping President Goodluck Jonathan in the 2015 election for one of its own.

The action of the North, it was gathered, is not unconnected with the deep-seated anger running across the region over Jonathan’s alleged betrayal and tampering with the political economic interest of the region.

From Left: Bauchi State Deputy Governor, Alhaji Sagir Saleh, PDP North-East Zonal Chairman, Sen. Mohammed Girgir, and PDP Bauchi State Chairman, Alhaji Abdullahi Yaro-Yaro, at the inauguration of PDP Secretariat In Bauchi State On Friday (28/9/12). NAN

Findings by Vanguard Newspaper reveal that the North is angry with Jonathan over his rejection of the zoning arrangement of the Peoples Democratic Party, PDP, and subsequent contest of the 2011Presidential poll, which he eventually won.



Although Jonathan has not declared his intention to run, his foot soldiers have already begun to claim that Jonathan must be allowed to complete his two terms as provided by the Nigerian Constitution.

According to findings, Jonathan is said to have appended his signature as number 37th of the 47 political leaders in the country, who met with Obasanjo in his Ota farm in 2003 to firm up arrangement for the PDP elections.

But, following the death of Alhaji Shehu Yar’Adua, the President reportedly said there was no zoning arrangement barring him from running for the nation’s top job, thereby incurring the wrath of the North.

A member of the Northern Elders’ Forum, NEF, Prof Ango Abdullahi, confirmed the anger of the region against Jonathan when contacted.

According to Abdullahi, who is the spokesman of the NEF, Jonathan had betrayed the North and would not be supported in the next election.

Abdullahi, a former Special Adviser to Chief Olusegun Obasanjo on Food Security, admitted that the North was angry with Jonathan having failed them in many respects, chief among them being manipulation of the political process to emerge as the PDP presidential candidate in 2011 and failing to provide the needed leadership for the country.

Jonathan accused of neglecting the North

The former Ahmadu Bello University Vice Chancellor, said: “We in the North cannot trust Jonathan because of his attempt to deny the zoning formula he was a signatory to in 2003.

“The North expected him to have completed Yar’Adua’s tenure and step down in 2011 for the region to complete its term but he bought over some Northern lackeys to say that he could contest the election.

“The zoning agreement effectively disqualified Jonathan from contesting the 2011 election on moral grounds.

“But surprisingly, they cleverly manipulated the primaries and other processes and enthroned Jonathan. That was possible because some Northerners sold out and connived with him to undo the area for their own selfish interest.

“I can assure you that the North will not sit back for 2011 to repeat itself. That is what I can say at this point in time, we cannot support someone who reneged on a gentleman’s agreement that disqualified him from contesting in the election on purely moral grounds.

“Again, it is left for Nigerians to judge whether the man has come close to being an effective president for Nigeria since he became president, whether acting or substantial”.

Although he did not name those bought over by Jonathan to undo the area, Abdullahi said the people of the North had taken note of the ‘traitors’ and would at the appropriate time expose them to the world.

Beyond ‘imposing’ himself on the people, Abdullahi accused the President of failing to cater for the crisis-prone areas of the North, thereby showing himself as someone who has no genuine interest in the region.

He said: “Despite all the crises and problems in many parts of the North, Mr. President has never for once visited to see the victims or provide for their needs.

“Now, show me what attributes of leadership that Jonathan has exhibited as a President of a great country.

“As far as we are concerned, he has failed in all. He continues to make all manner of statements that portray him as totally unsuitable and unqualified for national leadership that Nigeria needs at this point in history.”

Abdullahi also accused the present administration of aiding and abetting corruption and piling up debts that had been partially cleared by the previous administrations.

He added: “Jonathan should not seek office in 2015 because even those who supported him initially have come out to say that he is one of the most incompetent presidents that this country has ever produced. Incompetence is the key word.

On corruption, debts

“Corruption is at its peak under his leadership and that is why the country is reversing to the debt trap. Even Obasanjo left some substantial foreign reserves and virtually cleared the debt burden of the country before leaving office.

“But now the reserve is gone and we are back in debts. Subsidy is at the forefront of corruption. Over N2.6 trillion gone in the name of oil subsidy and it is evident that most people who fronted this scam did so to return most of the money to the electioneering campaign of 2011.”

Turning to the controversial onshore/offshore dichotomy Act of 2005, the NEF spokesman blamed top-ranking northerners in the Obasanjo government of also selling out the interest of the region to pass the bill into law.

According to him, it was wrong and against international law of the sea for the National Assembly to pass the oil dichotomy bill, allowing oil-producing states to be paid revenue for oil taken from as far as 200 feet isobath, thereby denying other states of federal revenue.

Onshore/offshore dichotomy

He said: “Governors, ministers and lawmakers from the North were all compromised with certain things all in a desperate and selfish bid to pass the oil dichotomy bill.

“All those from the North who partook in the passage of the law are guilty of compromising the interest of the area and we have their names and will make them available to Nigerians at the right time”.

He therefore sought an urgent review of the law to make more national resources available to all Nigerians.

But the Political Adviser to the President, Alhaji Ahmed Gulak, has warned against any attempt by the North to stop Jonathan in 2015, saying it was a big joke.

Gulak told Vanguard in an interview that it was the President’s right to run for two terms and that nobody had the authority to stop him in 2015

http://www.vanguardngr.com/2012/10/2015-north-plots-jonathans-ouster/

ABUJA—THE Federal Government has disclosed that construction work on the Lagos-Ibadan road will commence within the next four to six weeks, just as it said Nigerians would begin to experience uninterrupted light by December, 2012 with plans to generate 5,400 mega watts from the current 4,400 mega watts.

Speaking with newsmen weekend, the Senior Special Assistant to President Goodluck Jonathan on Public Affairs, Dr. Doyin Okupe who noted that the president was gradually delivering on the promises which he made to Nigerians before the election, said the electoral reform, which was part of his promises was gradually becoming a part of the nation against the backdrop that the presidential election of 2011 was adjudged the best globally as well as that of Edo governorship election which was conducted recently under the watch of Jonathan’s administration. He added that he never interfered with it and government ensured neutrality.

President Goodluck Jonathan

Okupe explained that the 5,400 mega watts target will be achieved following the arrangement by the National Integrated Power Project, NIPP, where by December, 1,000MW would be added to the current 4,400 currently available in the country, as against the little above 1,900MW before Jonathan took over.

According to him, President Jonathan inherited grounded and moribund NIPP with 10 of the projects abandoned and with the rehabilitation process and efforts made, some of the grids are adding about 600MW.

Okupe debunked insinuations by some critics that power increased because of increase in the water level. He said: “When the President assumed office, the energy capacity of the country at that time ranged between 1,900 megawatts to some 2,200 megawatts. The Independent Power Projects, 10 of them were grounded and nearly moribund, but today Nigeria is generating in excess of 4,400 megawatts of electricity.

“Some cynics have said this is due to high level of water in the hydro generating plants in Shiroro and Kanji. This isn’t true.

“I can tell you authoritatively that why it is true that every year there is a marginal increase in power supply, because of the increased contribution in the hydro plants, that cannot account for the 15 hours or so that is being currently enjoyed in many parts of the country.

The reason for this additional increase is coming from the NIPP that are now adding between 600 and 800 megawatts to the national grid. That’s what is responsible for this new improvement and between now and December, we are expecting nearly an additional 1,000 megawatts, because of increase and an arrangement that have been made for purchase and supply of gas to some of these NIPP projects. More areas will enjoy longer hours of electricity supply by December.”

CBN to begin awareness campaign on N5,000 note

On the proposed N5,000 note by the Central Bank of Nigeria Governor, Mallam Sanusi Lamido Sanusi, the Presidential aide stressed the need for the apex bank to begin serious campaign as part of moves to carry the people along, adding that the introduction would reduce the demand on dollars, as people who purchase dollars do so to reduce the volume of money they carry about.

Okupe who insisted that the new denomination will not conflict with the cashless society, said, “It does not conflict with cashless society. Cashless society does not mean that you do not go about with money or pay for items with money. The printing of N5,000 note has no conflict with distinction. It will reduce demand on dollars, because people that purchase dollars do so to reduce the volume of money they carry about.

“We are losing so much on issue that is not as important as other issues. We tend to politicize issues and this is an issue we should have left in the hands of experts, it will not have impact on the economy. I did not say that consultation should not be done, but Nigerians should focus their attention on issues that have direct impact on the economy.”

On Lagos-Ibadan Road, he said, “the one that gives a lot of anxiety to the Nigerian public is the Lagos-Ibadan Express road. It is a test case in the Public Private Partnership and it is obvious that globally this is a trend that governments are patronizing. It is important that we don’t give wrong signal on this major one and that is part of the reason why government is taking its time.

“Federal Government has judgment debt in excess of hundreds of billions of naira. So, government is also trying to avoid issue of unnecessary litigation, but I can tell you, authoritatively also that everything concerning the Lagos Ibadan road is about to be perfected. Real construction work is likely to commence within the next four to six weeks, maximum.”

On rule of law, Okupe who noted that President Jonathan led government has adhered to rule of law, said without it there will be no democracy, insisting that lack of it would have affected the nation’s foreign and local investment, adding that not only has President Jonathan liberalized governance, but has also liberalized security because the hitherto draconian approach no longer in vogue.



http://www.vanguardngr.com/2012/09/we-ll-generate-5400mw-by-dec-presidency/

Its a shame SEUN is battling with the gaarrrriiii crew.....

Major providers of mobile telephony in the country have threatened to withdraw their services from the North.

They hinged their threat on the spate of attacks on base stations which has made them to lose a whopping N1.03bn.

The umbrella body of the telecoms operators, the Association of Licensed Telecommunications Operators of Nigeria, on Thursday said its members were losing too much to the development and may close shop if it became too dangerous to operate in the region.

The major GSM providers – MTN, Glo, Airtel and Etisalat – are all members of ALTON.

Gunmen, also on Thursday reportedly bombed a base station belonging to an indigenous telecoms infrastructure company, IHS Nigeria, in Kano, barely 24 hours after the attack on several base stations in Borno, Yobe, Bauchi and Gombe states.

The Executive Director, Commercial and Business Development, IHS, Mr. Gbenga Onakomaiya, who confirmed the development to our correspondent on Thursday, said one of the company’s base stations was bombed in Borno on Wednesday while another one was bombed in Kano on Thursday morning.

Officials of ALTON put the number of base stations that had been attacked in the north at 26.

President of ALTON, Mr. Gbenga Adebayo, who decried the situation, said “If it becomes impossible to continue to do business in the face of rising attacks on telecoms sites, operators will naturally suspend operations in the area.

“This is because beyond base stations, these elements may begin to target telecoms operators‘ offices and data centres among other key infrastructure. That is why it is important that the situation is curtailed before it gets to that point.

“During military coups, dissidents attack newspaper and television houses as well as telecommunications centres and infrastructure to destabilise the government. This is not different from what we are experiencing now as people’s phones can’t be reached in the affected areas.”

The ALTON president said an emergency meeting of the association’s executives had been called for today (Friday) to decide on what next to do.

A Chief Executive Officer of one of the GSM companies, who asked not to be named, said though the company was not contemplating suspending its operations as of now, it could be forced to do so if the situation persisted.

“We are not contemplating the withdrawal of services as of today but if the situation continues like this in the next four to five days, we may have to withdraw service. But we are not contemplating that now,” he said.

Telecoms infrastructure analysts in the country have put the average cost of a base station at $250,000, which amounts to N39.47m at an exchange rate of N157.91 to a dollar as at Thursday.

With 26 base stations already destroyed, an investment of N1.03bn might have gone down the drain.

Contrary to the belief that only MTN, Airtel and Glo were affected, the Executive Secretary, ALTON, Mr. Gbolahan Awonuga, said the attack affected all telecoms operators, including Multilinks and Helios Tower.

When contacted, an official of Helios Tower, said that about three of the company’s base stations were also affected.

He confirmed the report that services had been disrupted in the affected areas as engineers had been finding it difficult to give adequate reports of the situation because they couldn’t be reached.

Onokomaiya, who attested to the seriousness of the situation, said, “One of our base stations was bombed in Borno on Wednesday and another was bombed in Kano this morning (Thursday). The base station was completely burnt out. The generators, shelter and equipment are gone. The only things remaining now are the towers and we have to assess them to ascertain their integrity.”

A formal report sent by Multilinks to ALTON, which was made available to our correspondent, confimed that Multilinks base stations located at Mainok Village, Borno and another one at Abari Village in Damaturu, were damaged.

The report said, “Reports obtained from our personnel indicate that extremists numbering about 40 stormed the area at about 22:20 Hrs on 05/09/2012 and immediately launched an attack on the MTN cell site. After the attack on MTN cell site, the extremists proceeded to our site which is close to the MTN site to launch a similar attack.

“As at this (Thursday) morning, the extent of damage done to the site is yet to be ascertained as contact with the security men is yet to be established after the attack.

“ Also our Abari site in Damaturu which is not on air was reportedly attacked also. Details remain sketchy as those resident in the area were all indoors.”

Stakeholders urged the Federal Government to wade into the issue to ensure that the safety of lives of operators’ personnel and agents was assured.

Key stakeholders had called on the Federal Government to bestow on ICT infrastructure a Critical National Security Infrastructure pending the time appropriate laws would be enacted to strengthen it.

“The time has come for the passing into law of the National Security Bill pending in the National Assembly which must be made all-embracing by giving telecoms industry a critical mention in the bill,” a former Executive Vice- Chairman, Nigerian Communications Commission, Mr. Ernest Ndukwe, said.

http://www.punchng.com/news/terrorism-telecoms-firms-threaten-to-cut-off-north/

Imagine

Members of the Nigerian Medical Association (NMA) have called for a review of gun ownership policy to allow private citizens own arms amidst growing insecurity in the country.

The Association said Wednesday government should “liberalise the policy of gun ownership.”

NMA’s call for arms in private hands is premised on deterrence—that potential perpetrators are less likely to attack if they know their victims bear arms.

“In view of psychological fear factor among criminals or vandals, liberal gun ownership will curb criminality among hoodlums,” NMA president, Dr Osahon Enabulele, told a press conference in Abuja.

He refuted observations that its call for more liberal policies on arms ownership was a “call for anarchy” considering the security situation of the country.

The association blamed insecurity on “mass poverty and the worsening socioeconomic situation and inequality, class oppression, massive unemployment and years of monumental corruption and poor governance.”

Enabulele said good governance remained a lasting panacea to unemployment problem, but insisted there was “room to consider gun ownership policy in the same manner as state police is being considered.”
Calls for liberalised gun ownership policy were among resolutions doctors made after the association’s executives met in Owerri, Imo State early September.

It comes amidst concerns over attacks and abductions targeting health workers, the association alleges.
Enabulele said “several doctors have been kidnapped even while on emergency and call duty within hospital premises.”

In addition to liberalised gun ownership, doctors want government to establish police posts or stations in public hospitals and health facilities, saying they have become “ready targets of kidnappers and criminals.”

http://dailypost.com.ng/2012/09/06/we-need-private-guns-members-nigeria-medical-association-tell-fg/

KORRECTION IS BACK..LET THE GARRI STORY BEGIN...WHERE IS EBAMMA...THE GARRI MEASTRO? HOLD ON...BUT HOW DOES THIS STILL REDUCE THE PRICE OF HMMM......KAI..IN THE GARRI MARKET?.... ;DUNU GO WUND PERSON

AT LEAST HE WAS A CELEBRITY.....

as long as its saharareporters...it might be a rumour...four days now and we never hear am...haba mallam

when are we having NL get together party?? abi you be spirit?

Seun: @hoodboy: I apologize for acting in a way that can be construed as snobbish and disrespectful, but I can't keep up. I'm sorry.

Quite a few people seem to have an issue with ethnic comments. I'll deal with that later. Thanks for pointing my attention to that.

What is you judgement on this..are you a Nigerian?

cog1: [color=#006600][/color]

It takes a drunk and a glutton to know another drunk and glutton! Inefficiency and ineptitude have been the identification symbols of Nigeria and are not peculiar to the GEJ Administration. FYI,there's such a thing as division of labour and it would be unthinkable in a democracy to fire a CBN chieftain because he introduced new currency notes without tangible evidence of a more heinous crime even Obama can't try that poo. If you are so aggrieved y not take Sanuai to court by yourself since you got so much "balls"and demand for a reverse in that plan;or are you not still a Nigerian for now at least? All these invectives spewed on NL amount to blowing air from the a.nus!

By Omoh Gabriel, Business Editor, Victor Ahiuma-Young & Bartholomew Madukwe
LAGOS—Organised private sector, labour and others have joined Nigerians to oppose the proposed introduction of N5, 000 note in the planned restructuring of the nation’s currency, saying it will aid corruption. Director General, Lagos Chamber of Commerce and Industry, Muda Yusuf in his comment said although the idea of restructuring the currency is a welcome development, “there is a flip side to the policy”.

He said these include the following: The initiative is a negation of the cash-lite policy of CBN, if it is now much easier to carry around large amounts of cash. The introduction of N5,000 note will aid corruption as many cases of bribery and extortion involve use of cash. The higher the currency denomination, the better the use of cash as instruments of corruption” he said.

He added: “The risk of counterfeiting increases with denominations. The higher the currency denomination, the higher the risk of faking and this is something to also worry about,” he stated.

On the other hand, Yusuf argued:”This would mean that the use of Ghana must go bags would no longer be necessary to move large amounts of cash.

“The new currency restructuring initiative of the CBN is a step in the right direction. It should be seen as a policy response to current economic dynamics. I believe the introduction of higher denomination of N5,000 would reduce the volume of cash needed for transactions in the economy. This, by extension, would reduce the cost of currency management – printing, movement, storage and distribution. For instance a N1 million transaction would normally require 2000 pieces of N500 notes or 1000 pieces of N1000 notes. But with the introduction of N5000 notes, only 200 pieces would be needed. This is a significant reduction in the volume which offers tremendous convenience for those who have cause to handle large amounts of cash.

“The ATM machines will be able to stock larger value of cash which could last much longer. This is very valuable for bank customers, especially during holidays. Pressure on the machines will be much less as well.

“It would reduce queues in the banking hall and reduce pressure on currency counting machines. It is faster to dispense higher currency denominations than lower ones.

“Coins will find better relevance because of the higher value they would now carry. Coins have lost relevance in commercial transactions because the current values have no bearing with the prices of goods and services in the economy. Besides, coins have longer durability than notes.”

TUC, others react

Also reacting Trade Union Congress of Nigeria, TUC, and the National Union of Textile, Garment and Tailoring Workers of Nigeria, NUTGTWN, faulted the planned introduction of higher banknote of N5,000 next year as announced by the Central Bank of Nigeria under its currency redesign programme tagged ‘PROJECT CURE, advising CBN to concentrate on stabilizing the value of the Naira rather than legitimizing the devaluation of the currency.

TUC in a statement by its President-General and Secretary, Comrade Peter Esele and Chief John Kolawole, said: “We are surprised that the CBN could at this time decide to embark on the mission to make changes to the nation’s currency and to also create a N5, 000 denomination. The intention at coining the N5, N10 and N20 denominations does a psychological damage to the value of the Naira. We are surprised that despite CBN’s acquiescence to this, it still intends pushing forward with this objective.

“If the objective is truly the pursuit of a cashless economy, why would the CBN consider it too expedient at this time to also pursue concurrently the printing of more currencies especially the jumbo N5, 000 note?

“It should be remembered that the CBN has changed the face of the Naira severally in the past years mouthing the same arguments which have all proven in the long run to be baseless. We see this rather as a sign of a monetary system management gone awry and the deeper malaise of the continued wrong – headed management of the nation’s foreign exchange receipts.

“We therefore call on the CBN to immediately suspend this pursuit, allow it to be discussed nationally as our experience has shown that the outcome of this will affect majority of Nigerians adversely before any further action is taken. We would also want the CBN to tell Nigerians what it will cost the tax payers to move to this new currency regime.”

Textile union opposes new note

Textile union in a statement by its General Secretary and a Vice President of Nigeria Labour Congress, NLC, Comrade Issa Aremu said: “We oppose the proposed introduction of higher banknote of N5000 next year as announced by the Central Bank of Nigeria. Lower banknote denominations of N5, N10, and N20 will be also coined according to the Central Bank of Nigeria. The current highest banknote of N1000 was introduced in 2005. We had currency review in 2007 and 2009. It should not be customary for every CBN governor to change the nation’s banknotes. Incessant turning out of higher banknotes is an attempt to legitimize the devaluation of the Nigerian currency. There is a direct relationship between higher banknotes and devaluation of the currency.”

The CBN should concentrate on stabilizing the value of the Naira rather than legitimizing the devaluation of the currency.”

A step in wrong direction – Institute

In its own comment the Obafemi Awolowo Institute of Government and Public Policy, Lagos said in a statement noting that, irrespective of the desirable objectives that may have informed the plan to introduce the new currency, including possibly the need “to raise government revenue” and “reduce the cost of transactions”, such objectives are also likely to have “unintended effects” or inflict “collateral damage”. It said the plan signifies not only a regime of increased and sustained fiscal deficit financing but also inevitably generate further inflation that would “erode the real value of the seigniorage revenue derived” from the higher face-value currency. According to the institute the policy is likely to be perceived as an indication of government’s failure to effectively control inflation. Once this perception takes hold, increased inflation expectations can be built up quite rapidly. These have pushed many countries in the past, including Argentina (1975-1991), Bolivia (1984-1987), Zaire/Democratic Republic of Congo (1986-1996), Nicaragua (1987-1990), Peru (1988-1990), Poland (1989-1992), Angola (1991-1995), the Russian Federation (1992-1998), and Zimbabwe in the first decade of this century into a situation of hyper-inflation, which has typically culminated in the re-denomination or even complete abandonment of the entire currency system.”

ACN cautions CBN

In its own reaction, the Action Congress of Nigeria in a statement issued in Lagos by its National Publicity Secretary Alhaji Lai Mohammed warned that while the introduction of this new high denomination may serve the dual purpose of raising revenue for government on the one hand and reducing the cost of transactions on the other hand, the unintended consequences and collateral damage of introducing the N5,000 may far outweigh the benefits of the new measure.

According to the party, “first, there is a strong historical evidence that the introduction of higher and higher face value currency notes in an economy often signifies a regime of increased and sustained fiscal deficit financing. Secondly the issuance of such high value currency notes is likely to be perceived as an indication of government’s failure to effectively control inflation

“Thirdly the issuance of the N5,000 currency note runs counter to the recent policy of the Central Bank of Nigeria to promote a “cashless” economy by encouraging the increased use of non-cash transaction instruments. The introduction of a high face value currency note actually does the opposite because by reducing the unit cost of printing and transportation, it actually would promote the use of cash.

“Fourthly, the issuance of the new N5,000 currency note also runs counter to the government’s often repeated commitment to fight corruption. It is widely recognised that large scale corruption tends to be facilitated by the ease with which unrecorded and large cash transactions can be made.”

In conclusion the party warned that the introduction of the N5,000 currency note may be a step in the wrong direction, and down a slippery slope towards hyper -inflation and that it is time to abandon failed inflation-control policies and inadequately thought- through experiments.

Between 1975 and 1991, Argentina experienced a period of inflation during which increasingly higher face value notes were issued. At the begining of 1975, the highest denomination in Argentina was 1,000 pesos. This rose to 5,000 pesos in late 1976, then to 10,000 pesos in 1979 and rose further to 1,000,000 in 1981. As this trend became clearly unsustainable, a series of currency reforms followed. In 1983, the currency was re-named peso argentino, one unit of which was exchanged for 10,000 pesos. This did not curb the inflation. In 1985, another name change occurred, and a unit of the new currency (austral) was exchanged for 1,000 pesos argentinos. Finally one new peso was exchanged for 10,000 australes.

Bolivia had a similar experience between 1984 and 1987. Before 1984 Bolivia’s highest currency denomination was 1,000 Bolivian pesos which rose to 10,000,000 Bolivian pesos by 1985. In the inevitable currency reform that came in 1987, the currency was renamed Boliviano, a unit of which exchanged for 1,000,000 Bolivian pesos.

Nicaragua ‘s inflation episode was from 1987 to 1990. In early 1986, the highest denomination in Nicaragua was 10,000 cordobas which rose to1,000,000 cordobas by 1987. In that country’s 1988 currency reform as a result of inflation,one new cordobas was exchanged for 10,000 old cordobas. By 1990 however , the highest denomination was again one hundred million new cordobas. Finally in another currency reform in 19991 one new cordobas was exchanged for 5,000,000 old cordobas.

Peru experienced its worst inflation between 1988 and 1990. Here by 1986 the highest denomination was 1,000 intis which increased to 5million intis by 1991. That country’s currency reform of 1991 created the neuro sol, one unit of which exchanged for one million intis in order to combat the high value currency induced inflation.

Two examples in Europe will suffice. In Poland the highest denomination by 1989 was 200,000 zlotych which rose to 1,000,000 zlotych in 1991 and 2,000,000 zlotych in 1992. In the 1994 currency reform, one new zlotych was exchanged for 10,000 old zlotych.

In the Russian Federation, the inflation experienced over the 1992-1998 period led to the creation of the new ruble in 1998, a unit of which exchanged for 1,000 old rubles.

Nearer home, examples from Africa include Angola, Zaire/DRC and Zimbabwe.

Angola experienced hyper-inflation between 1991 and 1995. It’s original currency, the kwanza was replaced in 1990 by the novo kwanza. Early in 1991 the highest denomination was 50,000 novo kwanza. By 1994 this rose to 500,000 novo Kwanzaa. In that country’s currency reform of 1995, one unit of the re-adjusted kwanza was exchanged for 1,000 novo kwanzas. By 1997 the highest denomination was now 5,000,000 re-adjusted kwanza. In 1999 it had to carry out another currency reform in which the original kwanza was re-introduced with its one unit being exchanged for one million re-adjusted kwanzas

Zaire experienced an inflationary period between 1986 and 1996. In 1988 the highest currency note denomination was 5,000 zaires, which rose to 5,000,000 zaires by 1992. The 1993 currency reform created the new nouveau Zaire, a unit of which was exchanged for 3,000,000 zaires. In 1996 the highest denomination was 1,000,000 new zaires. In 1997, the country was renamed the Democratic Republic of Congo DRC and the currency was changed to francs, one unit of which was exchanged for 100,000 new zaires.

The case of Zimbawe really depicts more graphically how rapidly things can get out of control on the introduction of high value denomination currency notes. On the 5th of May, 2007, Zimbabwe issued currency notes with face values of Z$100million and Z$250 million. On 15 May 2007 a new bank note of Z$500million was issued, followed by the issue on 20th May 2007 of currency notes in denominations of Z$5billion, Z$25 billion, and Z$50 billion. Finally, on 21 July 2007, bank notes with a face value of Z$100 billion were issued. Eventually, Zimbabwe abandoned its own currency and legalised the use of only foreign currencies. Curiously enough already in certain places in Nigeria today the American dollar is the accepted legal tender.

In conclusion the party warned that the introduction of the five thousand Naira currency note may be a step in the wrong direction, and down a slippery slope towards hyper -inflation and that it is time to abandon failed inflation-control policies and inadequately thought- through experiments.

http://www.vanguardngr.com/2012/08/ops-labour-others-condemn-n5000-note/

CINCINNATI (AP) — Neil Armstrong was a quiet self-described nerdy engineer who became a global hero when as a steely-nerved pilot he made "one giant leap for mankind" with a small step on to the moon. The modest man who had people on Earth entranced and awed from almost a quarter million miles away has died. He was 82.

Armstrong died following complications resulting from cardiovascular procedures, a statement Saturday from his family said. It didn't say where he died.

Armstrong commanded the Apollo 11 spacecraft that landed on the moon July 20, 1969, capping the most daring of the 20th century's scientific expeditions. His first words after setting foot on the surface are etched in history books and the memories of those who heard them in a live broadcast.

"That's one small step for (a) man, one giant leap for mankind," Armstrong said.

In those first few moments on the moon, during the climax of heated space race with the then-Soviet Union, Armstrong stopped in what he called "a tender moment" and left a patch commemorate NASA astronauts and Soviet cosmonauts who had died in action.

"It was special and memorable but it was only instantaneous because there was work to do," Armstrong told an Australian television interviewer this year.

Armstrong and Buzz Aldrin spent nearly three hours walking on the lunar surface, collecting samples, conducting experiments and taking photographs.

"The sights were simply magnificent, beyond any visual experience that I had ever been exposed to," Armstrong once said.

The moonwalk marked America's victory in the Cold War space race that began Oct. 4, 1957, with the launch of the Soviet Union's Sputnik 1, a 184-pound satellite that sent shock waves around the world.

Although he had been a Navy fighter pilot, a test pilot for NASA's forerunner and an astronaut, Armstrong never allowed himself to be caught up in the celebrity and glamor of the space program.

"I am, and ever will be, a white socks, pocket protector, nerdy engineer," he said in February 2000 in one of his rare public appearances. "And I take a substantial amount of pride in the accomplishments of my profession."

A man who kept away from cameras, Armstrong went public in 2010 with his concerns about President Barack Obama's space policy that shifted attention away from a return to the moon and emphasized private companies developing spaceships. He testified before Congress and in an email to The Associated Press, Armstrong said he had "substantial reservations," and along with more than two dozen Apollo-era veterans, he signed a letter calling the plan a "misguided proposal that forces NASA out of human space operations for the foreseeable future."

Armstrong's modesty and self-effacing manner never faded.

When he appeared in Dayton in 2003 to help celebrate the 100th anniversary of powered flight, he bounded onto a stage before 10,000 people packed into a baseball stadium. But he spoke for only a few seconds, did not mention the moon, and quickly ducked out of the spotlight.

He later joined former astronaut and Sen. John Glenn to lay wreaths on the graves of Wilbur and Orville Wright. Glenn introduced Armstrong and noted it was 34 years to the day that Armstrong had walked on the moon.

"Thank you, John. Thirty-four years?" Armstrong quipped, as if he hadn't given it a thought.

At another joint appearance, the two embraced and Glenn commented: "To this day, he's the one person on Earth, I'm truly, truly envious of."

Armstrong's moonwalk capped a series of accomplishments that included piloting the X-15 rocket plane and making the first space docking during the Gemini 8 mission, which included a successful emergency splashdown.

In the years afterward, Armstrong retreated to the quiet of the classroom and his southwest Ohio farm. Aldrin said in his book "Men from Earth" that Armstrong was one of the quietest, most private men he had ever met.

In the Australian interview, Armstrong acknowledged that "now and then I miss the excitement about being in the cockpit of an airplane and doing new things."

At the time of the flight's 40th anniversary, Armstrong again was low-key, telling a gathering that the space race was "the ultimate peaceful competition: USA versus U.S.S.R. It did allow both sides to take the high road with the objectives of science and learning and exploration."

Glenn, who went through jungle training in Panama with Armstrong as part of the astronaut program, described him as "exceptionally brilliant" with technical matters but "rather retiring, doesn't like to be thrust into the limelight much."

Derek Elliott, curator of the Smithsonian Institution's U.S. Air and Space Museum from 1982 to 1992, said the moonwalk probably marked the high point of space exploration.

The manned lunar landing was a boon to the prestige of the United States, which had been locked in a space race with the former Soviet Union, and re-established U.S. pre-eminence in science and technology, Elliott said.

"The fact that we were able to see it and be a part of it means that we are in our own way witnesses to history," he said.

The 1969 landing met an audacious deadline that President Kennedy had set in May 1961, shortly after Alan Shepard became the first American in space with a 15-minute suborbital flight. (Soviet cosmonaut Yuri A. Gagarin had orbited the Earth and beaten the U.S. into space the previous month.)

"I believe this nation should commit itself to achieving the goal, before the decade is out, of landing a man on the moon and returning him safely to Earth," Kennedy had said. "No single space project in this period will be more impressive to mankind, or more important to the long-range exploration of space; and none will be so difficult or expensive to accomplish."

The end-of-decade goal was met with more than five months to spare. "Houston: Tranquility Base here," Armstrong radioed after the spacecraft settled onto the moon. "The Eagle has landed."

"Roger, Tranquility," the Houston staffer radioed back. "We copy you on the ground. You've got a bunch of guys about to turn blue. We're breathing again. Thanks a lot."

The third astronaut on the mission, Michael Collins, circled the moon in the mother ship Columbia 60 miles overhead while Armstrong and Aldrin went to the moon's surface.

In all, 12 American astronauts walked on the moon between 1969 and the last moon mission in 1972.

For Americans, reaching the moon provided uplift and respite from the Vietnam War, from strife in the Middle East, from the startling news just a few days earlier that a young woman had drowned in a car driven off a wooden bridge on Chappaquiddick Island by Sen. Edward Kennedy. The landing occurred as organizers were gearing up for Woodstock, the legendary three-day rock festival on a farm in the Catskills of New York.

Armstrong was born Aug. 5, 1930, on a farm near Wapakoneta in western Ohio. He took his first airplane ride at age 6 and developed a fascination with aviation that prompted him to build model airplanes and conduct experiments in a homemade wind tunnel.

As a boy, he worked at a pharmacy and took flying lessons. He was licensed to fly at 16, before he got his driver's license.

Armstrong enrolled in Purdue University to study aeronautical engineering but was called to duty with the U.S. Navy in 1949 and flew 78 combat missions in Korea.

After the war, Armstrong finished his degree from Purdue and later earned a master's degree in aerospace engineering from the University of Southern California. He became a test pilot with what evolved into the National Aeronautics and Space Administration, flying more than 200 kinds of aircraft from gliders to jets.

Armstrong was accepted into NASA's second astronaut class in 1962 — the first, including Glenn, was chosen in 1959 — and commanded the Gemini 8 mission in 1966. After the first space docking, he brought the capsule back in an emergency landing in the Pacific Ocean when a wildly firing thruster kicked it out of orbit.

Armstrong was backup commander for the historic Apollo 8 mission at Christmastime in 1968. In that flight, Commander Frank Borman, and Jim Lovell and Bill Anders circled the moon 10 times, and paving the way for the lunar landing seven months later.

Aldrin said he and Armstrong were not prone to free exchanges of sentiment.

"But there was that moment on the moon, a brief moment, in which we sort of looked at each other and slapped each other on the shoulder ... and said, 'We made it. Good show,' or something like that," Aldrin said.

An estimated 600 million people — a fifth of the world's population — watched and listened to the landing, the largest audience for any single event in history.

Parents huddled with their children in front of the family television, mesmerized by what they were witnessing. Farmers abandoned their nightly milking duties, and motorists pulled off the highway and checked into motels just to see the moonwalk.

Television-less campers in California ran to their cars to catch the word on the radio. Boy Scouts at a camp in Michigan watched on a generator-powered television supplied by a parent.

Afterward, people walked out of their homes and gazed at the moon, in awe of what they had just seen. Others peeked through telescopes in hopes of spotting the astronauts.

In Wapakoneta, media and souvenir frenzy was swirling around the home of Armstrong's parents.

"You couldn't see the house for the news media," recalled John Zwez, former manager of the Neil Armstrong Air and Space Museum. "People were pulling grass out of their front yard."

Armstrong, Aldrin and Collins were given ticker tape parades in New York, Chicago and Los Angeles and later made a 22-nation world tour. A homecoming in Wapakoneta drew 50,000 people to the city of 9,000.

In 1970, Armstrong was appointed deputy associate administrator for aeronautics at NASA but left the following year to teach aerospace engineering at the University of Cincinnati.

He remained there until 1979 and during that time bought a 310-acre farm near Lebanon, where he raised cattle and corn. He stayed out of public view, accepting few requests for interviews or speeches.

"He didn't give interviews, but he wasn't a strange person or hard to talk to," said Ron Huston, a colleague at the University of Cincinnati. "He just didn't like being a novelty."

Those who knew him said he enjoyed golfing with friends, was active in the local YMCA and frequently ate lunch at the same restaurant in Lebanon.

In 2000, when he agreed to announce the top 20 engineering achievements of the 20th century as voted by the National Academy of Engineering, Armstrong said there was one disappointment relating to his moonwalk.

"I can honestly say — and it's a big surprise to me — that I have never had a dream about being on the moon," he said.

From 1982 to 1992, Armstrong was chairman of Charlottesville, Va.-based Computing Technologies for Aviation Inc., a company that supplies computer information management systems for business aircraft.

He then became chairman of AIL Systems Inc., an electronic systems company in Deer Park, N.Y.

Armstrong married Carol Knight in 1999, and the couple lived in Indian Hill, a Cincinnati suburb. He had two adult sons from a previous marriage.

At the Griffith Observatory in Los Angeles on Saturday, visitors held a minute of silence in memory of Armstrong.

http://news.yahoo.com/neil-armstrong-1st-man-moon-dies-193954975.html

who will mate with the females for continuity to continue?

Mrs.Chima:
Children of any gender continues lineage.

Sanusi has killed us

By Michael Eboh
Plans by the Central Bank of Nigeria to restructure the country’s currencies, especially the introduction of N5,000 note, will facilitate corruption, promote money laundering and increase financing of terrorist activities, say stakeholders in the financial sector.

The stakeholders, who spoke to Saturday Vanguard, yesterday, said the introduction of the N5,000 note would adversely affect the economy and have a ripple effect on the populace.

“I hope the new N5000 note is NOT another policy somersault? With steps already taken by CBN itself to address money laundering in the country such as Know-Your-Customers, re-validation of banks’ customers and the on going cashless Lagos, one wonders if the proposed higher denomination of N5000 will not undermine that effort, coupled with our inability to discover and disrupt terrorism financing,” said Mr. Tunde Salman, a financial analyst.

He advised the CBN to delay the introduction of the higher note, until the year 2020, stating that, “What we needed now is how to replace the polymer notes (N5, N10, N20, and N50) that seemed not to have secondhand value in terms of durability

“If, however, they are desirous of introducing the N5000 note, I think the CBN can wait till year 2020 when we might have achieved that tall dream called 20/2020 for the introduction and elaborate launching.”

Also speaking, Mr. Eghes Eyieyien, Chief Executive Officer, Pharez Consulting, said, “It is clearly a wrong move; it signals the interment of all the currencies which are to be turned into coins and will no doubt induce inflation. The cash culture of Nigerians and our history with such actions point to these facts. The sad thing is that we never seem to learn from history.
”Sanusi is too fixated on being applauded as a ‘Reformer’ such that he would introduce any kind of change for its mere sake. That President Goodluck Jonathan cannot see the destructive impact of Sanusi’s many ill-conceived ideas is perplexing.”

In his own view, Mr. Bismarck Rewane, an economist and Chief Executive Officer, Financial Derivatives Company, FDC, Plc, said, there is no need for a redenomination of the currency, especially with the cashless policy.

He said, “With the cash-less policy, we do not need the high denomination notes as everybody is going cash-less.”

Also speaking, Dr. Samuel Nzekwe, immediate past president, Association of National Accountants of Nigeria, ANAN, said, “The introduction of high denomination would make it possible to carry large sums around. One of the reasons the local currency was depreciating was as a result of the inactive manufacturing sector and the import-oriented nature of the country.

“Most of the commodities consumed in the country were imported from abroad and this is making the currency to lose value.”

Mr Olumide Adegoke, General Manager, Standard Alliance Insurance, said, “The higher note could encourage corruption as it would be easy to carry huge sums within the system.CBN should also be looking at ways of checking inflation.”

Dr Solomon Nyagba, President of the Abuja Chamber of Commerce, Industry, Mines and Agriculture (ABUCCIMA), said, “It is clearly a wrong signal for the economy. Denomination is not the issue, the most important step is to encourage local production which will strengthen the currency and rev up the economy.

“Any economy that is dependent on importation will never be stable no matter the size of the denomination.”

Speaking in the same vein, Mr. Opeyemi Agbaje, Chief Executive Officer, Resource and Trust Company, RTC, Limited, said, “It will also cost money; a cost I find indefensible, given the quite recent notes (polymer etc) introduced by immediate past CBN governor, Soludo. It does seem that unclear motives and logic permeates this proposal.

“I, however, do not accept that there is scientific or econometric evidence to support the position that higher denomination currency automatically, without more, will necessarily result in inflation.

“The only positive argument may be the lower cash processing cost that may be incurred by banks with higher currency denominations. I do not consider this benefit sufficient justification for this seeming diversionary policy.”

However, Special Adviser to the President, National Assembly Matters, Senator Joy Emodi said that the image of three distinguished women on the proposed N5,000 note was an honour for women.

She said, “The move is historic for Nigerian women, as it marks the first time any government, will bestow them with this magnitude of recognition and respect.

“The remembrance of these great women long after their death shows that our roles in times of national challenge will eventually fish us out as heroes or villains.”

However, Mr. David Adonri, Chief Executive Officer, Lambeth Trust & Investment Company Limited, said, “The proposed introduction of higher denominated currencies may reduce the cost of producing currency notes. Fewer notes will be required for high volume transactions.

“Due to high velocity in use of lower denominated currencies, coins can withstand rougher usage and last longer, thus further reducing cost to the monetary authority. However, acceptability of use of coins in the country could pose a major challenge to its reintroduction.

“I am not convinced about the causal relationship between higher denominated currencies and increase in inflation as believed by some critics of the policy. I believe that structural deficiencies in the economy, exacerbated by fiscal indiscipline are the main factors fueling inflation in Nigeria.”

Commenting further, Eyieyien said, “Some examples of Sanusi’s many ill-conceived and inane ideas are: Stopping banks from having Automated Teller Machines, ATMs, in non-branch locations after their huge investments and later reversing the policy at more costs; The “Cash-lite” Lagos fiasco which has seen frequent adjustment of the minimum amounts for withdrawal.

“There is also the AMCON charade that has created an over N4 trillion liability (almost equal to the annual Federal Budget!) through ‘bonds’ that can never be repaid; illegal and unconstitutional Islamic Banking; huge margin of about 2500 basis points between average bank deposit rates and lending rates consequent of CBN’s failed monetary policies and its unwillingness to deal with it.

“Unnecessary confrontation with the National Assembly and failure to submit CBN budget to the law makers through the Minister of Finance, as all 31 government corporations (including the CBN) are required to do per provisions of the Fiscal Responsibility Act, because of Sanusi’s ego and arrogance.

”Derailment of the CBN’s focus by so called ‘interventions’ in non-core statutory functions such as its investment in multi-billion Naira hotel and conference centre projects like that being planned for UNIJOS and Abuja; CBN’s dabbling into issues of fiscal policy through “special funds” thereby usurping the role of Ministry of Finance

”These are just some examples of the very disappointing actions of the CBN under Sanusi which make one wonder why the President is unable to show him the door out of office.”

http://www.vanguardngr.com/2012/08/n5000-note-nigerians-say-no/

I for once will love to say Kudos to the inventors of Nairaland...In as much as we all bash ourselves here,the fact still remains that we all love ourselves....though we have crossed roads...throw insults...laugh..cry...show agitations...hate...love and try to proffer solutions to the problems of our dear country...i stand to say that im ready to host a party for all Nairalanders to show solidarity in diverse places...Thank you Nairaland for making me laugh...cry...reason well and throw words to unseen faces...love you all...

HOW DOES THIS REDUCE THE PRICE OF AMALA IN THE MARKET?

You need to see me dancing this guys kukere......no equal..played in all parties..everybody like it....i love the song...God bless you brother

NOW IS IT NOT OBVIOUS THAT SEUN THE OWNER OF NAIRALAND IS PHUCKING THIS GIRL....NEXT YOULL SEE PICTURE OF TONTO DIKE DEFEACATING IN THE BUSH!!...I SORRY FOR THE MODS...STEWPID

Wonders shall never end

From MOLLY KILETE, Abuja

Despite statements to the contrary, there appears to be contradictions in the findings of the Police and the State Security Service (SSS) on the circumstances and dramatis personae involved in the murder of the Private Secretary to Governor Adams Oshiomhole of Edo State Governor, Comrade Olaitan Oyerinde.

On a day the police addressed newsmen on the outcome of its investigations into the May 4 murder incident, revealing the suspected killers and buyers of items stolen from the deceased, the SSS paraded those that the agency had earlier alleged to be the killers.

Besides, the police said their investigation revealed Rev. David Ugolor, who was being held in custody, allegedly offered the suspected killers N20 million and had paid N200,000 to get Oyerinde killed.

The positions of the two agencies came as a Benin High Court, presided over by Justice Esther Edigin, yesterday adjourned ruling in the bail application of Ugolor to September 6, 2012.

Although, the court had on August 16, 2012 granted Ugolor bail following a motion ex parte filed by his counsel, Mr. Afolabi Olayiwola, police later filed a counter-affidavit to contest the ruling.

The police told journalists in Abuja yesterday that but for the confession of one of the suspected robbers, Garba Usman Maisamari, who fingered Ugolor during an identification parade conducted before two of Ugolor’s lawyers and head of the administrative department from his office as the brain behind the killing of Oyerinde, they would have long concluded their investigation.

The police also said that before they carried out the identification parade, they made sure neither Ugolor nor the suspected robbers came in contact with one another.

The police said they had the four suspects that took part in the robbery and eventual killing of Oyerinde in their custody and would not want to engage in a war of words with the SSS over the matter.

At the press briefing in Abuja, the Deputy Force Public Relations Officer, Frank Mba, said the police would not be stampeded into doing things that were unprofessional but would ensure that justice was done not just to the deceased labour leader, but to his family and friends.

Mba, while dismissing rumors of rivalry between the police and the SSS, said the two agencies would continue to partner, collaborate and continue to work for the unity and progress of Nigeria.

He said: “The Nigerian Police and the SSS are inseparably tied together. Our destiny, our mission, our vision and our desire to serve this nation are intricately and inseparably tied together. Therefore, the issue of rivalry or any kind of insinuation does not arise.

“I want to say most of the stories about rivalries are the figments of the imagination of those making those statements and sometimes unnecessary exaggeration of things that are purely procedural.

“So, we want to assure Nigerians that there is no element of rivalry here, no element of competition. What we have is two security agencies, working together to help to keep the nation going.”

The police spokesman, who gave vivid explanation of how the police arrested the suspects, said soon after the matter was reported to the police, DCP Chris Odike was mandated to head the investigation under the direct supervision of DIG Peter Gana.

Mbah said: “After the initial preliminary investigating steps of visiting the crime scene and all of that, the team went into investigation and with the aid of technological assistance, they were able to trace and track one Mohammed Babayelwa to Gerie village in Adamawa State and arrested him on June 26, 2012.

“Olaitan’s blackberry was recovered from him and that particular phone has the identification of his PIN number and, on interrogation, Babayelwa named Idris Abdulhameed, a known phone vendor, who deals on second hand phones and based in the same village. Idris was eventually arrested by the police and confessed to be a vendor of second hand phones but named one Hassan Aliyu, his cousin, resident in Benin as the man who sold the phone to him.

“He also went ahead to tell investigators that Hassan Aliyu has been the sole supplier of all the fairly used phones he is selling in Adamawa. At this stage, detectives went after Hassan Aliyu and picked him around Cattle Area in Benin City on June 26. He admitted being the person that sold the phone to Idris and having received stolen phones in the past and went on to name one Bashir, who is in custody of the SSS, as one of his major suppliers of stolen phones and stolen goods.

“He also mentioned one Garba Usman Maisamari, as the person who sold that particular phone Blackberry Bold Five, the property of Oyerinde, to him.

“At this stage, the investigators went after Garba and got him arrested on June 28, and he admitted being the one that sold the blackberry phone to Hassan Aliyu and confessed that the sale took place in the morning of May 4, which tallies with crime and killing of Oyerinde. The sale of the Blackberry actually took place in the morning of May 4.

“Not only that, Maisamari also admitted that he solely bought all home theaters that were stolen from the house of Oyerinde after the robbery incident. He equally confessed to have sold two laptops and two Galaxy Tabs to Bashir. He went ahead to confessing that he is a habitual receiver of stolen goods.

“The arrest of Maisamari threw more light on what really happened on May 4, as he gave detectives a list of the persons that took part in the robbery incident and his connection with them and what made it possible for him to have bought all the stolen goods. On the strength of this investigation, investigators went after the persons suspected to have taken part in the robbery.

“Along the line, one Danjuma Musa and one Muritala Usman were arrested. The duo confessed to have indeed participated in the robbery and mentioned Automation Umaru and Moses Asamaukoro as two other suspects that physically participated in the robbery and killing of Oyerinde. “They went ahead to identify Maisamari as not just the receiver of the stolen items, but also the one who masterminded, plotted and helped them to clinically execute that operation. They equally named one Umaru Adamu, alias Duna, as the man who supplied them one of the operational motorcycles and two dane guns used for the robbery operation.

“Police then went ahead to arrest the two suspects and on July 4. Attah Umaru admitted to have participated in the robbery operation and that he wore a black baseball face cap on the night of the robbery. Incidentally, men of the Edo State Command, who were the first respondent to the scene of crime, recovered the face cap, which they retrieved and showed to him and he identified it as his own, thus giving credence to his confession that he participated in the robbery operation. Umaru Adamu, on his part, also confessed to have provided one of the motorcycles used for the operation and supplied them with two locally made guns, but denied to have physically taken part in the operation.

“The police later arrested Moses Asamokoro, the last suspect, who confessed to the crime but said Maisamari was the one that masterminded the whole crime.

“But Moses made a confession that instantly changed and brought in a new twist to the entire investigation because before then, investigators had proceeded under the assumption that this was a pure case of armed robbery that resulted in the unlawful killing of Comrade Oyerinde.

“But at this point, after the arrest of Moses Auchi, he made a confession that not only did they carry out the robbery operation and the killing of Oyerinde, but that they did so at the instance of Maisamari, who had told them that an unknown person has promised to give them N20million if they indeed execute the man.

“At this point, investigators, with this startling revelation, had no choice other than taste the veracity of these allegations.

“It may interest you to know that Moses also made further startling revelations of his involvements in so many robbery cases in Edo State, which was indeed confirmed by the police in the state and mentioned another Abubakar Mohammed, who was also arrested.

“Upon his confession, investigators subjected Maisamari to another round of interrogation where he confessed that indeed Moses told the truth and that there was a man called David, who contracted them to actually kill Oyerinde. He said the man promised to pay them N20million and gave them part payment of N200, 000. “On the strength of his description of the David in question, investigators narrowed it down to Rev. David Ugolor.

“A lot of people have asked; why David Ugolor, when there are so many David out there, but our experience had shown that 90 per cent of crimes, such as homicide, rape, defilement are usually committed by people that know the victim. They are usually committed by friends, business associates, acquaintances or people like ex-husbands, lovers or people that have relationships with the deceased or the victim.

“A preliminary inquiry we conducted and the check we conducted also showed us that Rev. David Ugolor and the deceased were out on a social function a day before he was killed and we decided to pick him up. But in order to guarantee fairness, in other to protect him from unnecessary abuse, we made sure that he never had any contact with his accusers until we conducted an identification parade.

“What we simply did was line up people in an identification parade and placed Ogolor in that parade and that was the only time that the accusers had the opportunity of ever coming in contact with him.

“That identification parade was conducted on July 27 at the state command headquarters in Benin, in the presence of two of Rev. Ugolor’s lawyers as well as the head of admin department in his office. During that parade, Maisamari positively identified Ugolor.

“Though he vigorously denied the allegation, the police considered and still consider the allegations against him weighty enough to warrant his arrest and detention and we were guided by the simple test of reasonableness and the simple question I want to ask is: ‘what would a reasonable man do in this instance?’

“All we are doing is to ensure that justice is done, justice to his friends, justice to those in detention and justice to Nigerians.”

http://sunnewsonline.com/new/national/oyerindes-murder-weve-the-real-killers-police/

WHY ARE ALL MALLAMS RUINING THIS COUNTRY?

Now who is sick? you left the normal thread to abuse a good observation...im sorry for you cos you are just a swine...the girl you are standing for is a weed smoker so you see how brainless you are??..your ID says it all...TALL BUT SENSELESS LIKE A MOUNTAIN...SMH

Mr Everest: You are sick and in urgent need of help, pls go see a psychiatrist before its too late and in the mean time stop smoking weed, it will help your rehabilitation. From the way you talk, it shows that you are a tout and a nobody but a piece of sh!t

see mumu dey talk...do you know how many nairalanders that are celebrities..animal..you think everyone blows thier trumpet??..swine!!

Mr Everest: Will you shut the phuck up and quit hating, why dont you become a celebrity since it comes cheap, so that nairaland will celebrate you! BTW you saw tens of different headlines and left them to cliq on this one only to start vituperating balderdash, are a psycho or what?

FELLOW NAIRALANDERS...SHOULD I GO ON TO BASH THIS THREAD?

How are you sure there is oil there.......na the governor just dey talk am...anyway lets wait and see

HQ: Oh Mehn. News worthy huh?

We should be talking about SOKOTO's new discovery.

TONTO DIKE AND THIS MAN WHO FINE PASS