₦airaland Forum

I bought glo 3g sometime lastweek for 8500naira with 5000naira monthly data plan called the G-leisure.Ever since then,i have not enjoyed this modem for one day.when it connects to glo network before you scroll down a webpage it has disconnected.i will connect again after a few minutes it goes off till i get really frustrated.i called their helpdesk,its forever ringing. Is anyone out there having the same issue  or is there something am doing wrong?

is he has this disgusting habit of farting in bed when we are under the covers. The worse part is the farts smell toxic and can be categorized as WOMD (weapon of mass destruction). Can you imagine being in a deep sleep and having a beautiful dream and the next second you are gagging, eyes buring, nostrils on fire and then running out of the room and then not able to go back into room becos even after 1 hour, the smell is still lingering. My husband finds it so amusing while i'm calling him all kinds of names in igbo yoruba and hausa

@Rossike
your comments really irritates me and if i set my eyes on you right now i can give you a resounding dirty slap.
Your jaundiced mind does not know that once you decide to run for public office you are under public scrutiny all the time.They were voted for to represent the people and not their pockets.if you want to live a quiet life dont run for any public office.it is not by force to serve nigeria.
omo ale

@jrtorrents
The total power generation of Ghana is no more than 3000mw.This is barely enough for lagos.
Nigeria's current installed capacity is about 6500mw.This will increase to 10,000mw by 2014 due to new power plants being built.Yes,it is true we dont generate up to3200mw due aged plants,low water level in the hydro plants,damaged gas pipeline,ongoing improvement projects,upgrade etc
Even with all these problems with still generate more than what you people have and come here and make noise about constant electricity.what the heck!

The WAGP has been supplying gas to your frigging ASS since 2008.

oh yes.your govt wont tell you when they here come to beg for money.but NAIJA wont make noise about that.do we?
take a hike.Am done with this crap!

@jrtorrents,otumfour,gynasie(whatever)
I did not want to join this  thread until now.
you guys really have no basis comparing Nigeria with Ghana if you are true to yourselves.

1.These pics of structures you posted already littered most part of Nigeria in various shapes and sizes

2.The 24hrs electricity you guys brag about is by no means your power.I mean,the Nigeria gas company  supplies gas to your power plants almost free of charge at the detriment of its own people just because we are our brother's keeper and because our word is our bond. It may interst you to know that Ghana is owing Nigeria backlog of payment for gas and thats why your sorry A.S.S president waz here the other day begging for more time to pay.Ask your govt if in doubt.I just hate it when people talk before they check facts.Ask Togo,Benin we supply them electricity even though it is not enough for us.I ask myself,why do we do this things we do?simple.We just love to be our brother's keeper.

3.Stop yarning dust before i vex.enuff said.

NATIONAL DAILY BY TOYIN DAWODU .
WHERE two or more Nigerians gather the topic of conversation usually centers on Nigeria as a country. They debate whether Nigeria can change. They question the leadership. They talk about corruption; jobs, security and above all, the problem of electricity. Yet there is no one on the street demonstrating. There are no movements seeking answers to where the billions of Naira voted for electricity went in the last 10 years.

Suntech is a solar company in China. The founder was a student in Australia when he came up with the idea to develop technologically advanced thin solar cells. The government of China immediately encouraged him to come back home. They gave him the necessary incentive to develop his technology in China and bring it to market. Today, Suntech is a $2.4 billion company, with revenue of $2.3. Billion while employing over 12,000 Chinese.
To date, China has encouraged and backed over 40,000 of its citizens from the Diaspora to return home to help develop its economy. When Nigerians propose good ideas to their government, such Nigerians are only paid lip service.

Our company, Capital investment group plans to build 4,000 megawatts of power, and generate up to 40,000 jobs. There are thousands of Nigerians all over the world with ideas about how to generate electricity for the country, yet the Nigerian government continues to ignore them while concentrating on the so called multi nationals. The same multi nationals that took $16 billion of our money from the Nigerian Government in the last 10 years and nothing to show for it. It is time for Nigerians to rise up and say to the current administration, you have to deal with us or we will give our vote to someone else. The time to make your demand is before you have to give up your vote. You can make your vote count by building support for the party that is capable of delivering Nigerians from darkness. You can lend your support to an organization that can put pressure on the government to give us electricity now.

Nigerians in the Diaspora would like to return home and help. The number one impediment is lack of electricity. Nigerian businesses can create more jobs, but they lack electricity to power their plants. It is election season in America, and over $3 billion has been spent by businesses and individuals to campaign and lobby for candidates they believe will do a better job of taking care of the country.
The elections are coming, and this is the time for action. Ask yourself why you want electricity in Nigeria and what you are willing to do for it. I want electricity in Nigeria because lack of power is responsible for my 80 year old mother being bed ridden. She is also losing her hearing, due primarily to the excessive noise of the generator behind her window.

When I was growing up Nigeria had uninterrupted power. I had electricity to study at night. Today's students have to do their homework with candlelight. The time is ripe for each and every one of us to put our money where our mouths are. I founded Capital Investment Group, to build power plants in Nigeria and create jobs. I also founded "Nigeria let there be light." a movement, to mobilize Nigerians to wake up and demand their rights to power.

The Honourable Attorney-General & Minister Of Justice Attorney-General’s Chambers Federal Ministry Of Justice, Abuja.

Dear Sir: 1. About two and a half years ago, Dr. Bukola Saraki requested that we merge Societe Generale with Intercontinental Bank (IB) Plc.

We conducted a due diligence exercise and noticed N30bn negative capital – so the board of IB Plc turned it down. Dr. Saraki was very unhappy.

2. When time came for the renewal of Gov. Soludo’s appointment as CBN Governor, Dr. Saraki blocked it with late President Yar’Adua and brought him Lamido Sanusi. Being my customer, Dr. Saraki confirmed this personally to me.

3. Lamido Sanusi was appointed CBN Gov. on 4th June, 2009, and on the 18th June, - after just two weeks in office – he sent CBN examiners to five banks including IB Plc. This was quite unusual, as the CBN had just completed a comprehensive examination of IB Plc as part of normal protocol. The result of this was good.

4. The new examination finished in mid-July, and we were expecting their report. Suddenly, they returned claiming that several accounts, which they had verified and agreed with us as “performing”, were now reclassified “non-performing”.

5. Despite these manipulations, IB Plc’s ratios were alright. Unusually, the CBN examiners returned on four separate visits to reclassify even more accounts as “non-performing”. These even included what we regarded as our best accounts.

6. This prompted me to ask some of the examiners what was really going on. They confided that the new Governor was bent on removing certain bank CEOs, and wanted to show that IB Plc was too exposed to bad loans. They said he formed a team in CBN reporting to him directly. Each completed examination report was turned down if it was not damning enough and they were ordered to go back until they achieved certain ratios.

7. One of the examiners showed me a report on IB Plc, which was favourable. This has been rejected by the CBN Governor, as it did not justify or warrant my removal.

8. Quite disturbed by this development, I decided to speak to Dr. Bukola Saraki, since he recommended Malam Lamido Sanusi’s appointment. He told me that the CBN Governor was unhappy with myself and Mrs. Ibru (of Oceanic Bank) because according to him, we had contributed N6bn to the Senate to block Lamido

Sanusi’s confirmation as CBN Governor. I refuted this allegation telling Dr. Saraki that my religion would never allow me to do such a thing, as no human can undo what God has ordered in Heaven.

9. I immediately booked an appointment to see Lamido Sanusi in the CBN and questioned him regarding the N6bn Senate bribery allegation. He said he had put that behind him, as “not all king makers in council will support the choice of a new Emir”. I once again reiterated my innocence, based on my religion, that the God I serve will never permit me to try to block someone else’s good fortune.

10. Later, I mentioned to Alhaji Aliko Dangote the strange repeated CBN examinations and the allegation by Lamido Sanusi. He promised to speak to him and ask him about the matter.

11. Surprisingly, Alhaji Dangote returned to say Lamido Sanusi revealed that he was told of the alleged bribe by Dr. Saraki, and that I even lobbied him to be the CBN Governor.

12. Apparently, it was Dr. Bukola Saraki inciting Sanusi against me, as a way of removing me and taking over IB Plc.

13. It has now become evident that both Dr. Saraki & Malam Sanusi used the opportunity of the worldwide financial crisis of 2008- 2009 to jump into certain banking institutions and take them over. The crisis had been acknowledged and was being well managed by Professor Chukwuma Soludo, the former CBN Governor.

The ENTIRE industry was affected, as others worldwide.

The Nigerian economy was hit by four economic catastrophe namely:

a. The oil price drop from $147 per barrel to $30. All oil importers refused to sell in a hurry at this new low price, so banks had to give them time for the price to improve.

b. The worldwide stock market collapsed and this led all foreign investors in the Nigerian stock exchange to hurriedly sell their shares. This further depreciated the Nigerian stock exchange index, also having an adverse effect on the banking industry.

c. The CBN, in response to crashing oil price, devalued the Naira by 40%. This meant importers with unsettled bills had to source more Naira to buy Dollar, and thus, put a strain on bank customers and the loan portfolio of the banks.

d. The sudden devaluation of the Naira by 40% caused a panic among overseas banks that had dollar placements with Nigerian banks. They immediately gave notice and withdrew their funds. IB Plc lost $1.2bn in this way.

Rather than the new CBN Governor to perform the role of ‘lender of last resort’, he used the crisis to take over banks for his mentor.

All these banks had prominent Nigerians waiting to buy them at “knock-down” or give-away” prices. However, the media altered the equation.

14. On the 14th of August 2009, without any discussion, Malam Sanusi issued me a letter of removal as CEO of IB Plc. He also removed all executive directors of the bank with armed police men.

15. The letter (copy attached), said that based on the examination he ordered on the 18th June, 2009, it is in the public interest for the CBN to intervene by taking over the bank.

16. Till today, no report of the examination has been made available to me, the management, or the Board of the bank. We had no opportunity to learn how the CBN came to its decision, nor were given an opportunity to respond to the examination report, as is the usual process.

17. My removal by Malam Sanusi was done in flagrant disregard of the legal provisions regarding the removal of bank directors (i.e. Section 35 of the Banks and Other Financial Institutions Act, Cap. B4 Laws of the Federation, 2004) as there was no lawful special examination ordered into the affairs of Intercontinental Bank Plc, as required by law. Since no order for special examination of the bank’s affairs was signed by Malam Sanusi, as required of him by the law of this country, his order for my removal is, improper and unlawful.

18. The current CBN examination of May 2010, now says there is a N95bn loan over-provision, which means IB Plc was deliberately marked down previously.

19. Two lorry loads of police were sent to IB Plc to remove me. It was like a bad movie, a big surprise that a person can be driven away from a business he had started and nurtured for over 21 years in one hour. And without any opportunity to contest it.

20. I was surprised that the next morning (Saturday), all the papers carried personal interviews with Malam Sanusi, in which he accused all the CEOs of various misdeeds. This showed that it was pre-planned and well-rehearsed.

21. On the evening of 19th August, I received a call that Malam Sanusi under the powers that the late President had delegated to him, had ordered the EFCC, the Police and the SSS to arrest me. I also learned that two lorry loads of personnel were en route. I hurriedly left the house, though I could not believe that all this had transpired in the last 72 hours.

22. I then recalled a professional disagreement with Malam Sanusi while he was CEO of First Bank. Back then, I had discovered that his staff members were de-marketing IB Plc and I wrote to him concerning this. .

23. My immediate conclusion was that Dr. Saraki and Malam Sanusi wanted to take over IB Plc by fraudulent means, and that if I went into their custody, it could result in my death, in order to silence any opposition to their plans.

24. Mr. Mahmoud Lai Alabi was appointed by the CBN as the new CEO of IB Plc. Mr. Alabi is an employee of Dr. Saraki as chairman of Songa Farms and several development funds in the state. On resuming, his first task was to write off Dr. Saraki’s loans to the tune of N8.115bn (Papers & letters attached). He also wrote off loans totaling N32bn to friends of Dr. Saraki and Malam Sanusi.

All this, in a bank that they were meant to be rescuing. All these written-off loans had been classified as “good” and “performing” by the CBN examiners, and had been secured with properties in Ikoyi (Lagos), Victoria Island (Lagos), and Abuja. The

CBN examination report of May 2010 complained about this massive loan or “cash gift” to Dr. Saraki. Next, he recruited former Societe Generale staff as Executive Directors and loan managers (for example, Mr. Gbenga Alade). Mr. Alabi proceeded to sack the entire senior management of IB Plc and replaced them with former Societe Generale staff. It is clear, from these actions, that I was removed to smoothen the takeover of IB Plc for Dr. Saraki.

25. As at the time the shareholders’ appointed management was ousted by Malam Lamido Sanusi, IB Plc was not owing the CBN one kobo on the discount window. Also, IB Plc had Inter-Bank takings of N73 Billion. However, as at today under the CBN’s appointed management, IB Plc is now owing the CBN N100 Billion and owing other Banks N300 Billion, making a total deficit of N400 Billion after the purported intervention by the CBN.

26. It is rather curious that:

a. All the banks are yet to receive any examination report from the CBN to show areas of deficiencies.

b. The CEO and entire senior management were removed without the Board or shareholders being informed.

c. Without any criminal charges or reports, the CEOs were arrested and locked up – to prevent them from speaking to the media.

d. It was after locking them up that the EFCC started searching for possible offences (in my case, it took 4 months of searching for any offence to pin on me).

e. Mr. Alabi, the new CEO of Intercontinental Bank Plc, is an employee of Dr. Saraki (chairman of Songa Farms in Kwara). In fact, Dr. Saraki is running IB Plc by proxy.

f. Within two months of his appointment, Mr. Alabi wrote off N7bn of Dr. Saraki’s loans – the companies are Linkers, Dicetrade, Skyview Properties, and Joy Petroleum.

g. As the appointment of each senior management of IB Plc was being terminated, Mr. Alabi was recruiting and replacing them with former Societe Generale staff, in order to complete the take-over. For instance, the Executive Director of risk management brought into IB Plc (Mr. Gbenga Alade) is a former Societe Generale staff member.

h. Dr. Saraki has now used his political power to take over IB Plc after his failed peaceful merger attempts.

i. Malam Sanusi claims to have injected N100bn, (which is less that 10% of the IB Plc’s value), and as such now owns it 100%. This is a bank with a balance sheet of N1.6 trillion; 330 branches; 2 foreign subsidiaries; 10 well-established subsidiaries; 12,000 members of staff; and paidup capital of N230 billion. Where is the justice?

j. When Malam Sanusi initially injected N100bn into IB Plc, he wrote to the Board that it was a seven-year loan (copy attached). Why is he now trying desperately to sell the bank within a year of the loan?

27. I am appealing to the Attorney General and Minister of Justice to institute an independent investigation into the “so-called” banking reform of Malam Sanusi and the fraudulent N32 billion loan write-off.

28. I am also appealing to this government which believes in the rule of law to reverse the fraudulent take-over of Intercontinental

Bank Plc and return it to its Board, management and shareholders.

29. All the allegations against the banks’ CEOs should be independently investigated by the Attorney General’s office for fairness.

30. Even with the deliberate damage being done to the banks and their stock prices on a daily basis, if we are given six to nine months, the banks will be restructured to the normal, favourable and fair positions.

signed

ERASTUS B. O. AKINGBOLA

1.if your father left a will stating you as the beneficiary,then get a lawyer to write and inform them possibly a notary public
2.secondly,if without a will,go to any of the law courts ask to see the registrar,inform him that you need a letter of administration to present at the bank to claim your fathers estate.from there,they will tell you what to do.

you can email me about the biz.
saintjimifadipe@gmail.com

@yvyy
Please go ahead and adopt if nothing can be done medically.People  are always quick to advise other people to wait for their miracle when there are other ways to solve their problem.They even forget that miracle cannot happen to everybody.Pls am not saying miracle does not exist or that you should forget about miracle but miracle can still happen to you even after you adopt.SO CARRY GO.

@ omo alata

its not allowed in most nigerian companies unless the company is sponsoring you itself

@olas2u
thanks.u made a strong point

Hello nairalanders, i really need your candid advice about this issue.i work as a contractor in the ict dept of an oil and gas company with a salary of about 150k monthly and i have been doing this job for five years.I have a wife and baby.my wife works as well in one of the gsm firms.sometime last year i got uk tier 1 migrant visa for a period of 3yrs.i couldnt relocate because of the worldwide recession and secondly my wife does not like the idea cos she believes i  can still get a better paying job in naija.My present job has no benefits and no promotion and you are just stuck with what you do.am not happy about this situation.i feel if i come to the uk with my IT skills i will excel in no time but my wife will hear none of it.the visa is fast running out and i dont know what to do.Pls people in the uk i need your input in these matter as well.

@poster
Dont ever encourage your girlfriend to rebel against her mother.Believe me she does not want to face the wrath of a mother.let me enumerate a few steps for her take to resolve this issue.
step 1.let her continue to appeal to her mother the same she has done,hopefully she will see reason.if not let her go to step2

step 2:I know there must be somebody there in the uk the mother 'fears' respect,maybe family member,pastor etc that she can talk to about her mothers behaviour and they can intercede on her behalf.if it fails then go to step3.

step3:let her change her bank and ask her employer to pay there.After that,let her agree with her mother how much she can be giving to her monthly.An amount that your girlfriend is comfortable with.Please let her perish the thought of leaving her mothers house now.

Really i dont know what advice to give again. all had been said.
To sia fuller,you know what you want go for it.

@CHARLOE
I totally agree with this poster.Nigerian pastors/leaders have been silent for too long about the happenings in this country and the nigerian people for forever docile.We really need to take a lesson  from the Thailand people who recently lay siege(for days) at the presidential palace asking the prime minister of thailand to resign.Now these are people that want change.Until we rise up against bad governance nothing good will become of this country!

Nigeria is gravitating towards anachy.we cannot have two presidents.The national assembly either impeach Yar adua or forced to resign.Nigeria is bigger than a single person.This is situation is absurd for christ sake!!!!!!!!!!!