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Politics › FRAUD: BH Insurgency, FG Hires NICON To Insure 125,000 Students @ N5,000 Each by LRNZH(op): 6:05pm On Dec 25, 2014*

To control the consequences of Boko Haram insurgency and other forms of insecurity in the country, the Federal Government has hired NICON Insurance Plc to insure 125,000 secondary school students scattered in 104 unity schools across the country.

Each student of the unity schools is expected to pay N5,000 premium per annum. This means that the company would be raking in N625m per annum from the insurance scheme.

NICON Insurance, a company that once belonged to the Federal Government was sold to business mogul, Jimoh Ibrahim, a chieftain of the Peoples Democratic Party in 2006.

Investigation by our correspondent showed that there was no bidding for the insurance contract which has been handed over to NICON Insurance as the sole underwriter of the 104 unity schools scattered across the country.

In a circular informing parents and guardians of the new fee to be paid, a principal of one of the unity schools in the country said the new policy was because of the general security challenges across the country.

The circular reads, “Due to the security challenges in the country, the Federal Ministry of Education has employed the services of NICON Insurance Company to insure Federal Government College students.

“Each student is expected to pay N5,000 yearly and also complete the form attached. This amount will be remitted into NICON Insurance account to be supplied later.”

In a telephone interview with our correspondent, Spokesman of NICON Insurance Plc, Mr. Ade Adesokan, confirmed that the company was in the process of rolling out the product. He confirmed that the company was the sole underwriter nationwide.

In the parlance of the insurance company, the scheme is titled Students Welfare Insurance Scheme for Unity Schools.

Adesokan said, “The student welfare insurance scheme is a product designed by NICON Insurance Limited to provide much needed benefits under a combined personal accident and life cover for the students and their sponsors.”

According to the company, in the case of accidental death of a student, the sponsor named in the policy would be entitled to N500,000.

In the event of the death of sponsor or guardian of a student, the student would be entitled to payment of school fees up to the year of graduation from the secondary school (maximum of N500,000 for this benefit).

http://www.punchng.com/news/insurgency-fg-hires-nicon-to-insure-125000-students/

Politics › Re: Okonjo-Iweala Opens Up- Nigeria Economy In Grave Danger by LRNZH(op): 5:47pm On Dec 25, 2014

Flets:
Show me excess crude depletion profile in 2010 or shut up. Depletion only peaked in 2012.... noise makers.

Buhari is a terrorist and cannot rule Nigeria. His image is already battered. Stop wasting your Mb selling a bad product

Check can website here...http://www.cenbank.org/IntOps/Reserve.asp

Politics › Re: Okonjo-Iweala Opens Up- Nigeria Economy In Grave Danger by LRNZH(op): 5:30pm On Dec 25, 2014

Flets:
In 2010 bokoharam and security budget was not high, crude price has not dropped either. Stop comparing apples and oranges.

By Feb 2015, all you online APC bigots will go into hiding like you always do. There is no stopping GEJ. Buhari cannot win any presidential election in Nigeria. I as a person will defeat Buhari at the polls. His image is badly battered... he doesnt stand a chance. Forget the noise online.

Your point doesn't make sense.

When oil price was high and no high spending on security in 2010, why did GEJ deplete the Excess Crude Account? You see? Stealing has been going on since the first day he got into power.

Politics › Re: Photos: President Jonathan Celebrates Christmas In Abuja by LRNZH(m): 5:21pm On Dec 25, 2014

anitank:
Asides Politics, PEJ is an exemplary wife.

Standing by her husband every step of the way!

But PEJ is the no. 1 President and GEJ is no 5.
So he's standing by His Oga madam. Very loyal deputy.

Abi u have not read 'My Watch'?

Politics › Re: Okonjo-Iweala Opens Up- Nigeria Economy In Grave Danger by LRNZH(op): 5:08pm On Dec 25, 2014

nduchucks:
I noticed that as well. This makes economic outlook under GEJ and his economic team quite bleak, given that conditions have worsen since 2013.

True my bro and they have been hiding it upon all the corruption scandals since then.
Meanwhile Tompolo has bought private jet and warships since then with NIMASA's money.

1 Like

Politics › Re: Photos: President Jonathan Celebrates Christmas In Abuja by LRNZH(m): 5:02pm On Dec 25, 2014

Last Christmas in Aso Rock for Retardeen.

76 Likes 2 Shares

Politics › Re: Okonjo-Iweala Opens Up- Nigeria Economy In Grave Danger by LRNZH(op): 4:57pm On Dec 25, 2014

Flets:
That bill is coming immediately after elections when GEJ gets sworn in come 2015. Its stupidity for GEJ to initiate such bill before elections as it will political suicide. But make sure that when that bill comes up that you come back here and make a case for it rather than run tail-in-between behind your APC masters.

Sorry there will be no 2015 and beyond for GEJ in Aso Rock.

Anyway charity begins at home. GEJ should start by cutting his feeding budget, stop the purchase of the 11th presidential jet and stop sharing gold-plated iPhone at his children's weddings.

Otherwise na foul....

I remember when GEJ took over in Feb., 2010. Excess Crude account was at $33Billion. By Oct., 2010 it was down to $600Million. Within10 months GEJ squandered over 32 Billion USD.

The guy cannot send any reform bill even if he gets 4 terms.

1 Like

Politics › Re: Okonjo-Iweala Opens Up- Nigeria Economy In Grave Danger by LRNZH(op): 4:46pm On Dec 25, 2014

Flets:
Stop being a dummy. How can the govt cut their salaries under democracy? Do you mind telling me the step by step process required to reduce those entitlements. FG will have to send such bill back to the upper and lower house for approval before it can take effect. How on earth do you expect the fence climbing law makers to approvae a bill seeking a cut to their entitlement? do you guys really understand democracy or you think we still in the military dispensation.

If not that Nigerians are illiterate, we should be the one agitating for that reduction while supporting the government to initiate the bill. But rather we pitch tents with the enemies of Nigeria in castigating the FG. How can govt initiate such bills when people like you will go back to blame the FG just because you belong to the opposition.

I repeat.... Nigerians are illiterates.... otherwise, we would have been long gone.

Ok why doesn't the Gov't initiate the bill to reduce Legislators wages and let the house send reject it. At least Nigerians will see that they have the good intention.

But they cannot try it because they're budgeting N4Billion for food at Aso Rock alone. They will be counter exposed by the Legislators.

Abeg leave story.

1 Like

Politics › Re: Okonjo-Iweala Opens Up- Nigeria Economy In Grave Danger by LRNZH(op): 4:45pm On Dec 25, 2014

Flets:
Stop being a dummy. How can the govt cut their salaries under democracy? Do you mind telling me the step by step process required to reduce those entitlements. FG will have to send such bill back to the upper and lower house for approval before it can take effect. How on earth do you expect the fence climbing law makers to approvae a bill seeking a cut to their entitlement? do you guys really understand democracy or you think we still in the military dispensation.

If not that Nigerians are illiterate, we should be the one agitating for that reduction while supporting the government to initiate the bill. But rather we pitch tents with the enemies of Nigeria in castigating the FG. How can govt initiate such bills when people like you will go back to blame the FG just because you belong to the opposition.

I repeat.... Nigerians are illiterates.... otherwise, we would have been long gone.

Ok why doesn't the Gov't initiate the bill to reduce Legislators wages and it is rejected by the house. At least Nigerians will see that they have the good intention.

But they cannot try it because they're budgeting N4Billion for food at Aso Rock alone. They will be counter exposed by the Legislators.

Abeg leave story.

3 Likes

Politics › Re: Okonjo-Iweala Opens Up- Nigeria Economy In Grave Danger by LRNZH(op): 4:35pm On Dec 25, 2014

Flets:
Is this not a 2013 News!!? Stale News

The agricultural sector is a buffer, deregulation of the downstream sector will follow suit next year. Time to request a cut in the entitlements of senators and house of assembly members.

Since 2013, your Gov't is still waiting until 2015/2016 before they cut Senators and House of Assembly members salary.

Meanwhile $20Billion is missing and no head has rolled in NNPC.

Tufia. Cluelessness.

2 Likes

Politics › Re: Okonjo-Iweala Opens Up- Nigeria Economy In Grave Danger by LRNZH(op): 4:20pm On Dec 25, 2014

mikeansy:
the news is from june 2013

op did u notice?

Yes I do notice but this issue of a Nigeria economy worse than NOI always claims, has been swept under the carpet all this while.

All the issues in this article are even more pertinent in this election period.

For example militants and ex-militants guarding our oil facilities but the bunkering rate is the highest ever.

Also that NNPC has not been forthcoming with it revenues.

The issues have not gone away my bro. The Gov't knew all these problems existed since 2013 but nothing has been done till date.

1 Like

Politics › Okonjo-Iweala Opens Up- Nigeria Economy In Grave Danger by LRNZH(op): 4:02pm On Dec 25, 2014*

On Monday, June 10, at the third round of the 2013 ministerial platform in Abuja, Coordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo-Iweala, spoke glowingly about the Nigerian economy, saying the fundamentals were strong and that the economy was buoyant beyond danger.
But a few hours later, on Tuesday, when all the doors were closed, the minister sang a different tune. She told her colleagues in government point blank that the Nigerian economy is shaky despite the official fundamentals and that drastic steps are needed to save it from collapse.

Mrs Okonjo-Iweala spoke at the 50th meeting of the 15-member Federal Government Economic Implementation Team held behind closed-doors at the presidential villa.
The implementation team is headed by the minister, and meets every week. It was established by President Goodluck Jonathan to oversee the effective implementation of decisions of the Economic Management Team chaired by the president.
Other members of the committee are the Ministers of Petroleum Resources, Power, Agriculture, Trade & Investment, Works and Health as well as the Ministers of State for Finance and Health, the Chief Economic Adviser to the President, the Special Adviser to the President (Monitoring & Evaluation), the Director-General of the Budget Office, the Director General of the Bureau of Public Enterprise and a Deputy Governor of the Central Bank of Nigeria.

At Tuesday’s meeting, a presidency source said, the minister painted a gloomy picture of the economy and hinted that there was an urgent need for “stringent budgetary measures” to arrest the downward slide.
Although the meeting was convened to review the government’s plan to create 3.5 million jobs in the agriculture sector and consider the report of a subcommittee on the automotive industry, Mrs. Okonjo-Iweala could not hold back on the disturbing prospect of the economy.

The minister explained that crude oil production now hovers around a disturbing 1.3 million barrels per day, a figure far lower than that seen during the height of the protracted militancy in the Niger Delta.
The Nigeria National Petroleum Corporation, NNPC, had on April 18 reported a drop in crude oil production in the first quarter of 2013, January to March, which cost Nigeria a loss of crude oil revenue to the tune of $1.23 billion (N190 billion). That loss is now set to continue and the country might not be able to meet its obligation to its customers.

Mrs Okonjo-Iweala also informed the meeting that crude oil theft had continued unabated and was at its highest level ever despite the best effort by government to stem the tide.
Nigeria is estimated to lose about $6 billion annually to crude theft and the development, the minister lamented, is now severely hurting the economy.
The administration has paid several billions of naira to former Niger Delta militants to guard oil installations and block oil theft. But if anything, the situation has worsened.

At the meeting, the minister also predicted a further dip in national revenue following the increase in shale gas production around the world, a situation she said would definitely have serious adverse effect on oil prices and sales.
Shale gas, according to Wikipedia, is natural gas found trapped within shale formations and has become an increasingly important source of natural gas in the United States and the rest of the world.
Shale gas now provides over 20 percent of U.S. natural gas need and that figure is set to rise to 46 percent by 2035, according to the U.S. government’s Energy Information Administration.
Mrs Okonjo-Iweala hinted that as more and more countries depend on shale gas, the demand for Nigeria’s oil and gas would drop, with a corresponding dramatic drop in revenue.

The minister also lamented that the situation with the economy was not helped by the lack of accountability at the Nigerian National Petroleum Corporation, NNPC, saying the corporation had refused to render returns for its share of crude oil for local refining.
She thereafter informed her colleagues that beginning with the 2014 budget, there would be stringent budgetary measures and a lot of belt tightening within the government, our sources say.
She did not provide details of what the drastic measures would be, said one of our sources.

Mrs. Okonjo-Iweala has never been this frank in the open about the economy and its gloomy prospects.
She has said on several occasions that the economy was buoyant and strong, with its outlook remaining great, despite the current global economic uncertainty.
On Monday, she spoke along that line, asking Nigerians to ignore critics who have continued to insist that despite government claims, the economy was not in good shape.

http://www.premiumtimesng.com/news/138723-exclusive-okonjo-iweala-opens-up-says-nigeria-economy-in-danger.html

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 2:48pm On Dec 25, 2014

angelsing:
Sigh!... What evidence exactly are u talking about?

quid:
Evidence that is incontrovertible . Not street talk

@angelsing Do not get drawn in unless for comic relief.
This quid is a whirlpool of incoherent senseless and illogical entities.

1 Like

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 12:10pm On Dec 25, 2014

quid:
Wonderful question.

IBB, Abacha, Danjuma, Ette, Bankole, Umaru Dikko, Tafa Balogun,
the list is long

IBB was fought by the masses until he quit in 1993. Abacha was fought by NADECO and pro-democracy activists until his enigmatic death in 1998.

Bankole, Umar Dikko, Tafa Balogun etc have been embarrassed in one way or the other for their corrupt antecedents.

So why should GEJ be spared?

3 Likes

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 11:51am On Dec 25, 2014

quid:
Stop the Igbo hatred and think a bit.

Just because Mr X says "I donate 2 billion naira" on camera does not prove that Mr X has 2 billion naira.
Like I said, take your TV evidence and go to court

Who gave this tata nwatakiri child Megabytes to waste like this? Chei.

1 Like

Politics › Re: What Does Sai Buhari Means? by LRNZH(m): 11:44am On Dec 25, 2014

Collynzo22:
It means ''it must be Buhari''.
Either you vote Buhari or you get killed, maimed, your house burnt etc.

Illiteracy is not good for national development whether it is Nigeria or Biafra.

8 Likes

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 11:40am On Dec 25, 2014

LRNZH:
This policeman. You need to upgrade to international standards.
People have posted pictures or videos of them involved in a crime and have been jailed because of those pieces of evidence.
Another Nigeria police logic here.

quid:
Stop the Igbo hatred and think a bit.

Just because Mr X says "I donate 2 billion naira" on camera does not prove that Mr X has 2 billion naira.
Like I said, take your TV evidence and go to court

Igbo hatred ke?
When did policeman become synonymous with Igbo?

Moreover you're implying that GEJs friends are blatant liars abi?

PDP has come again o....
Stealing is not corruption
16 is greater than 19
I don't give a damn
America will know
Sharing blood

1 Like

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 11:34am On Dec 25, 2014

quid:
Good. Now take your TV evidence to court and see how long the case lasts . .

This policeman. You need to upgrade to international standards.

People have posted pictures or videos of them involved in a crime and have been jailed because of those pieces of evidence.

Another Nigeria police logic here.

2 Likes

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 11:16am On Dec 25, 2014

quid:
So tell me. What is the logical response to a rumor?

First, what is a rumour?

An event that is televised by all major broadcasting houses and carried in all national dailies, and is not denied by the protagonists.

That's logic turned on its head.

OC no vex abeg?

2 Likes

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 11:09am On Dec 25, 2014

quid:
Provide concrete evidence or stay in your house and be quiet

This is what happens when you invite police to investigate any matter. Logic will be turned on its head.

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 11:04am On Dec 25, 2014

Yomboy4ever:
What do u expect from people wey dey beg for xmas fowl from fayose.

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 10:52am On Dec 25, 2014

angelsing:
Let me answer this for him, it was donated by one governor and his family...lol

Yesso governor, wives, children, in laws, even chefs, security details and cleaners.

1 Like

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 10:31am On Dec 25, 2014

LogicPower:
Nobody should REALISTICALLY expect the BLATANTLY PARTISAN and CORRUPT Nigerian police and the SSS to have ENOUGH MORAL COURAGE, professional and personal INTEGRITY and PATRIOTISM to ever challenge the powerful cabal and the super-corrupt associates of GEJ who participated in that show of shame.

The police could say they are not aware of it, but my neighbour told me that HIS 9-YEAR OLD daughter WAS AWARE of it, and was DISGUSTED by it!.

As the billions were being donated, the ANGRY little girl kept repeating "SHAME on you, HEARTLESS looters, SHAME on you, HEARTLESS looters".

And at the end of the show, she concluded with this remark: "I don't blame them, anyway, because the BODY LANGUAGE of our president encourages it. But there's God oh"

Your neighbour's 9-year old is as intelligent as Tambuwal. She's already spotting the corrupt body language of Otuekeists.

Whoa. Impressive.

3 Likes

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 10:13am On Dec 25, 2014

anigbajumo:
abeg shut up 1 person donated 5billion naira...

Jerry Gana former Geography lecturer at ABU Zaria and a career civil servants is now able to donate N5Billion as spare change from the power sector.

Power sector that has not performed since time immemorial.

9 Likes

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 10:00am On Dec 25, 2014

chukwudi44:
Did you see the cheque?

Chukwudi44 are you a policeman?

7 Likes

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 9:25am On Dec 25, 2014

Dbboy:
Sorry sir I think you are the olodo the law made provision for individual not organization so I don't see any law broken there.

So a governor is now an organisation.

Jisos of Otueke!!!!!! undecided

We have enough olodos already in Aso Rock. Don't add more on the streets.

15 Likes

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 9:23am On Dec 25, 2014

chukwudi44:
Lol dangote donate to Buhari? He is much smarter than that

You're retarded o...
It was Buhari that refused Dangote's support if you read that statement well.

3 Likes

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 9:14am On Dec 25, 2014

chukwudi44:
Olodo stop attacking me and counter my points.Ayeni and company donated and not him alone.His company has board of directors which are part of the people who contributed the fund

How about the 21 PDP governors that donated N50Million each?

13 Likes

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 9:11am On Dec 25, 2014

Redoil:
electoral law that buhari will suspend as usual.

Focus on the present my friend.

GEJ's cronies have contravened the electoral act already but the Nigeria Police will never be aware.

Compared to Buhari's 100 naira per individual donation.

11 Likes 1 Share

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 8:54am On Dec 25, 2014

chukwudi44:
Olodo did they tell you the donation was for GEJ's campaign alone? I watched the event live and it was clearly stated the donation was for the entire PDP campaign across the country at all levels.

No single individual donated more than 1 billion. What we had was different individuals across the various sectors comming together to give donations

Ok let's see who the real Olodo is.

It is 1Million Naira not 1 Billion Naira donation limit per individual that is stipulated in the electoral act.

This is the transcript of the donations since you're ignorant of what really transpired - - >http://www.punchng.com/news/govs-businessmen-others-donate-n21-27bn-to-jonathan/

I want to draw your attention this:
The Bauchi State Governor, Isa Yuguda, who spoke on behalf of the PDP governors, said each 21 of them would donate N50m each.

This already means the 21 PDP state governors have contravened section 91(9) of the electoral law.

Please educate yourself before you spew trash at others.

116 Likes 4 Shares

Politics › Re: We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 8:31am On Dec 25, 2014

Redoil:
Donating to buharistan campaing group is progressive while donating to gej campaing group is bad and corrupt.
APC cyber rodents on nairaland what will you people gain by these ur double standard of seeing and doing things?

Palm oil, you are apoarently ignorant of the 2011 Nigeria Electoral Act.

See section 91 below:

[b]91. -(1) Election expenses shall not exceed the sum stipulated in subsection (2) �
(7) of this section.

(2) The maximum election expenses to be incurred by a candidate at a
Presidential election shall be one billion naira (N1,000,000,000).

(3) The maximum election expenses to be incurred by a candidate at a
Governorship election shall be two hundred million naira (N200,000,000).

(4) The maximum amount of election expenses to be incurred in respect of
Senatorial seat by a candidate at an election to the National Assembly shall be
forty million naira (N40,000,000) while the seat for House of
Representatives shall be twenty million naira (N20,000,000)

(5) In the case of State Assembly election, the maximum amount of election
expenses to be incurred shall be ten million naira (N10,000,000).

(6) In the case of a chairmanship election to an Area Council, the maximum
amount of election expresses to be incurred shall be ten million naira
(N10,000,000).

(7) In the case of councillorship election to an Area Council, the maximum
amount of election expenses to be incurred shall be one million naira
(N1,000, 000).

(9) An individual or other entity shall not donate more than N1,000,000 (1Million Naira only) to any candidate.
[/b]

150 Likes 12 Shares

Politics › We Are Not Aware Of Jonathan’s N21Billion Donation - Nigeria Police by LRNZH(op): 8:03am On Dec 25, 2014

The Police have said they were not aware of the N21 billion donations to President Goodluck Jonathan’s campaign team by some businessmen.

The Force Public Relations Officer, Emmanuel Ojukwu, said the Police did not know about the donations or the alleged violation of the electoral law by the donors

“We are not aware of the donation and besides, there is no complainant,” Ojukwu said.

http://www.punchng.com/news/we-are-not-aware-of-jonathans-n21bn-donation-police/

1 Like 1 Share

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