Please go through that list in the link above and tell me which foriegn investor has "taken over" since those ones left. I can bring more references for you.
rodeo0070: Operatives of the Economic and Financial Crimes Commission (EFCC), on Friday, May 24, 2019, raided the office of MTN Nigeria in Falomo Ikoyi, Lagos, shutting down all activities in the Complex, Brand Spur has learnt. This is in what a source said was connected to complaints relating to the telecommunication’s recent listing in the market.
The operatives of the anti-graft agency were said to have stormed the MTN’s office in Lagos, where it met with top key officials of the company and demanded some documents relating to its listing at the NSE.
While the reason for the raid could not be ascertained at the time of reporting, Brand Spur, sources say members of the agency stormed the telco’s head office, stopping all activities for alleged fraudulent financial activities pertaining to the company’s recent listing on the Nigerian Stock Exchange (NSE).
“I believe the EFCC was informed that MTN was manipulating figures and also, maybe because of fraud pertaining to the company’s listing,” the source said.
Brand Spur reached out to the telco’s Public Relations Officer, Funso Aina, who neither denied nor admitted that the company was raided, but said: “We will send out a statement to that effect very soon”.
Big players in the Nigerian capital market also think that if MTN shares continue to climb the way it is rising they stand the risk of being dethroned from their vantage positions as the market leaders.
They are believed to be interested in the stories making the rounds that the scarcity of the MTN shares is a function of manipulation.
No official of the EFCC and MTN was prepared to be put on record on the matter.
MTN Nigeria was listed at a total of 20, 354,513,050 at N90 per share on May 16, after the company had completed all the necessary steps required by the NSE for listing which led to the approval.
On the day of the listing, MTN Nigeria was reported to have emerged as the second largest company on the nation’s bourse after Dangote Cement with a market capitalisation of N1.83 trillion.
In spite of its first day bullish outing, the shares of MTN Nigeria recorded its first price loss on the Nigerian Stock Exchange (NSE) on Friday after its listing on May 16.
The stock dipped N9 to close at N140 per share following profit taking.
The telecommunications company had listed 20.35 billion shares at N90 per share which recorded steady growth to hit N149 per share.
The market capitalisation shed N263 billion or 1.90 per cent to close at N13.601 trillion compared with N13.864 trillion recorded on Thursday.
This government simply hates Nigeria and Nigerians. Everything raid, force, shut down. If you have a hammer, every problem will look like a nail.
The international community and investors will look at this and simply pull out their investments from Nigeria. More job losses. Do they ever think? Investors are highly risk-averse. They will see this and that is that for them. They are off.
nairavsdollars: Hon Hakeem Bamgbola is the Vice Chairman Lagos Central Senatorial District of the All Progressives Congress (APC). In this interview with TEMIDAYO AKINSUYI, the former State Secretary of the party speaks on developments in Lagos State and other issues of national interests. Excerpts:
The governor- elect of Lagos, Babajide Sanwo-Olu will be sworn-in in few days’ time. What are your expectations from him?
The expectations from our party members and Lagosians as a whole is that we want developments that will take the economy of Lagos state to the next level. We all know that it is the third largest economy in Africa. I believe that with the coming on board of Sanwo-Olu, Lagos might attain the top spot in the economy of Africa. There are lots of expectations in all sectors because what I consider as priority may not be the thing that matters to you. However everybody wants a state that is secured, cleaner and economically viable. I know that Sanwo-Olu will deliver on all the promises he has made. I will appeal to Lagosians to give him their cooperation so that he can perform to the expectations of all.
Governor Nasir El- Rufai of Kaduna recently came to Lagos and said there is need to retire political godfathers in Lagos. What is your take on that?
I don’t know how many godfathers he has retired in Kaduna because he never mentioned their names. He only said that he has retired all the godfathers in Kaduna state. We know that Lagos is a peculiar state and we have the leadership that guides us which has been there for us for a long time. I will only say El- Rufai is playing to the gallery. He can’t do anything about the leadership in Lagos state and we still believe in the leadership of Asiwaju Bola Tinubu as our father and leader in APC, who, as governor from 1999 to 2007 laid the foundation for the Lagos of today.
Why do you think it has been difficult for the opposition Peoples Democratic Party (PDP) to win the governorship election in Lagos since 1999?
It is because of the leadership of Asiwaju Tinubu. He is leader that embraces everyone. He is a man with a large heart. No matter your gravity of sin, when you are remorseful and you come back to him, he forgives easily and he will even give you a greater role to play in the party. I can cite several examples in the past and present to back up this. In fact, some of our members who angrily decamped to PDP, having realised that they are in political wilderness in PDP, they came back to APC and today, they are still playing key roles in the party. Also, he doesn’t take unilateral decision. If there are serious issues in the party that needs to be addressed, Asiwaju will table it before the Governors Advisory Council (GAC). He is also accessible to everybody, irrespective of your position in the party. He is a leader who is full of empathy and will inconvenience himself to make others comfortable. That is one of the things that distinguish Asiwaju Tinubu from other leaders in the country. That is why we are like a united family in APC and we have always recorded resounding victories in the governorship and other elections conducted from 1999 till date.
What are your expectations from President Buhari as he will also begin his second term in few days’ time?
My appeal to the President is that we need to do more. He did well in his first term and that is why appreciate Nigerians renewed his mandate but he can still do more. I am glad the theme of his second term is ‘Next Level’ whereby he has promised to consolidate on the gains recorded in his first term. Also, he needs to improve on the economy. If we are sincere, the economy is not that stable for now. On his cabinet, those he will be bringing on board now must be people of vision who believe in his agenda and are ready to make sacrifices to ensure all the goals are met.
There are rumours that Asiwaju Bola Tinubu might contest the presidential election in 2023. Do you think he has what it takes to govern the country?
Like you said, it is still speculations but the general belief among Nigerians is that based on his records in Lagos State, if we can have someone like Asiwaju Bola Tinubu as President, Nigeria will benefit a lot from his leadership. People know him as visionary leader, a highly detribalised Nigerian who has a wide network across the country. They also know that he is a leader who has a knack for identifying talents and also believes in grooming new set of leaders many of whom are holding key positions in the country today. We are hopeful that in 2023, the presidency will be zoned to the South- West and if he indicates interest in contesting, I am hopeful that all over the country, Nigerians will troop out to elect Asiwaju Bola Tinubu as president of this country.
It is still 2nd quarter of 2019 and these guys are speaking of 2023.
It is fair to conclude that Jonathan was the last breed of the type of Nigerian leader that actually cared about his people. These evil men in APC care only about their image and personal ambition.
Ikeboboafri: Wole Soyinka has advised the FG to listen to Obasanjo’s comment on Fulanization and Islamization, even though he is not in good terms with him. Recall that the former Nigerian President who lamented over how how threats of Boko Haram and Herdsmen were not initially taken serious, linked it all to an Islamic agenda. However the Nobel Laureate who spoke at the Africa Day 2019 organised by United Bank for Africa (UBA), stated that we should be careful not to be too dismissive over the matter.
Soyinka who advised the FG to listen to Obasanjo’s comment on Fulanization and Islamization, added that when one talks about Uthman Dan Fodio, what comes to people’s mind is threat to dip the Koran into the Atlantic Ocean. He said;
“We should be careful not to be too dismissive over the matter. The Federal Government is leaving aside the substance, which is the high level of kidnapping, youth suicide and terrorism in the country. I support unity in Africa but we need to particularize the area of unity we seek. Even Boko Haram also tries to unify everybody
“When you talk about Uthman Dan Fodio, what comes to people’s mind is threat to dip the Koran into the Atlantic Ocean. There are many people in this controversy. My feeling is that the response of Minister of Information shows that they are leaving behind the substance, and worried about the language."
reicherMan: If we want peace in this country, WE NEED TO SECURE OUR BORDERS.
When people were saying that the current security structure of this country was such that they could speak Hausa or Fulani in a meeting that concerns the whole of multiethnic Nigeria, those people were demonised as “wailers”, “IPOB” or haters. And delusional, unthinking Nigerians backed them.
We do not know what is discussed at the highest level security meeting. And that is dangerous for Nigeria. Clearly the borders up North has been relaxed hence these illegal aliens and Fulani herdsmen terrorists. These soldiers that caught these ones must be Southerners. We know how it’s done. They will soon receive a phone call from the “highest level” that will ask them to release these criminals.
Texman21: now is it wrong for the president to tell the truth,how many bsc holders and even msc do we have without jobs if you like dont go and aquire a skill be waiting for the government to give you a job
Truly, the President is reflective of the type of citizens we have!
kenechukwufrank: The Coalition for Nigeria Movement (CNM) has called out ex-President Olusegun Obasanjo over another failed plot to incite violence across the nation.
Mr Obasanjo, Nigeria’s number one citizen between 1999 and 2007 had claimed that Boko Haram and marauding Fulani herdsmen are out to Islamize and Fulanize Nigeria and entire West Africa.
However, in response, the Coalition for Nigeria Movement believes this is another coy by the “professional rabble-rouser” to cause friction in the much-admired relationship between Christians and Muslims.
The group further revealed that Mr. Obasanjo’s secondary aim is to pitch the south against the north, which would lead to massive deaths.
Omooba77: A coalition of cultural groups in Nigeria under the aegis of Ethnic Nationalities Defence Organisation on Sunday birthed in Abuja with the resolve to protect, defend and retaliate any affront against ethnic nationalities or their territories.
The organisation said it had since realised that Boko Haram and Fulani militia were “brothers in arms against the ethnic nationalities of Nigeria in a brazen land-grabbing and expansionist Fulani jihad.”
“We call on all ethnic nationalities to form their defence groups or militia or be ready to lose their ancestral lands after being killed as cowards and chickens in the hands of either the compromised Nigerian Army or Fulani militia and terrorists.
“Ours is an eye for an eye and 10 for one. Let’s see, who has the monopoly of violence. Ours is non-negotiable until the evil against all ethnic nationalities by government and Fulani herdsmen militia is halted,” ENDO stated.
The organisation, in a statement by its President, David Maiyaki, Director Information/Strategy, Freedom Musa and Director of Operations, Nehemiah Maihaikali, warned the administration of President Muhammadu Buhari “or any governor against taking or giving any inch of ethnic nationalities land for Fulani cattle ranch or grazing.”
While suggesting that they should graze in their states of origin, ENDO advised that the Minister of Agriculture, Audu Ogbeh, should be ready to resettle in Katsina after his tenure as minister.
The statement read, “We have observed with sadness over the years and especially since the emergence of the Buhari administration the targeted annihilation of the ethnic minorities in Nigeria. We have since realised that both Boko Haram and the Fulani herdsmen militia are brothers in arms against the ethnic nationalities of Nigeria in a brazen land-grabbing and expansionist Fulani jihad.
“It is evident that Boko Haram and Fulani militia have not only infiltrated the government of Nigeria, but government is directly or indirectly aiding and supporting daily evil perpetrated against the ethnic nationalities.
“Government’s rebranding of terrorist and Fulani militia as hoodlums or criminal elements does not change who truly they are. There are evidence of military killer squads targeting ethnic nationalities apart from the recycling of released terrorists into the Nigerian security or Fulani militia.
“No matter how much you give the terrorists from our sovereign wealth to arm their armoury and mercenaries, they can never take our ancestral land and each of you will pay.”
oz4real83: That is exactly why many people still believe that this boko haram issue is a business venture. The top military officials,govt,northern traditional rulers and others have made alot of money through this boko haram venture. Many are still making it through it. I only pity innocent Nigerians who are the direct victims of this inhuman and unnatural greed.
Include local and international NGOs. Terrorism is big money
Sorry, South Africans are crazy. What was that for? If it a black man was the victim, and the perpetrator white, it will be termed racism. That’s violence and violently racist.
Governor of the Central Bank of Nigeria(CBN) Godwin Emefiele has been re-appointed for another five years in office. This is the first time since 1999 that anyone will serve for a second term.
Senate President Bukola Saraki read President Muhammadu Buhari’s letter on Thursday, May 9, 2019.
He was screened on Wednesday and his confirmation came on Thursday, May 16, 2019.
Here are 13 things you probably did not know about Godwin Emefiele.
1. He was born on August 4, 1961, in Lagos.
2. His hometown is Ika South, Delta state.
3. He obtained his primary education at schools in Victoria Island and Igbosere.
4. He graduated in 1973. In 1978, he received a WASC certificate in a secondary school in Ikeja.
5. He studied at the University of Nigeria and obtained a bachelor’s degree in Banking and Finance in 1984.
6. In the fall of 1986, he received an MBA degree as the best graduate in Finance.
7. He also studied economics at Oxford University where he received honorary qualifications, conducted studies connected with the art of negotiations, different strategies, and theory of leadership.
8. He studied at Stanford, Harvard, the University of Pennsylvania and the business school of Wharton.
9. He was engaged in the corporate services of the bank as Chief Executive officer. He also had to control the finances, the treasury, and strategic planning at Zenith Bank Plc.
10. Emefiele has over eighteen years of banking experience.
11. He served as a director at Zenith Bank Plc and Zenith Bank (Gambia) Limited.
12. Before commencing his banking career, he lectured Finance and Insurance at the University of Nigeria Nsukka, and the University of Port Harcourt, respectively.
13. Emefiele serves as Director of ACCION Microfinance Bank Limited.
unclesuruoffi: Uche Ogbodo who took to Instagram to pen down message to herself as she celebrated her birthday, disclosed that she prayed for a real husband but single motherhood chose her. Sharing her birthday photos to mark her big day, the actress further revealed that she didn't choose to be born into poverty, grow up in the ghetto or drop out of school either.
Revealing that single motherhood chose her even though she prayed for a real husband, Uche Ogbodo wrote in parts;
I always Dreamt and prayed for Love, for a Real Man a husband, for A happy Family , But Single MOTHERHOOD Chose. They All Chose ME without My Permission!. The Only Choice I have Is In Choosing Who I want ME to BE, A GODDESS. So Before you criticise me, PRAY for me, I need My Strength, Your Strength, and Devine Strength. .
Single motherhood isn’t like “air” which everyone who is medically fit can take in. You opened your legs and fornicated with someone who wasn’t your husband. Stop this silly romanticisation of fornication and have some accountability.
nairalaila: The National Secretary, Miyetti Allah Kautal Hore, Mr Saleh Alhassan, has admitted that their group demanded for N100bn from the Federal Government. According to Miyetti Allah, the N100bn they are demanding from FG, is for the construction of ranches and not for amnesty as reported on social media. In an interview with Punch, Mr Saleh Alhassan further revealed that Goodluck Jonathan promised to give them the money upon his reelection, but the initiative was suspended after he lost in 2015.
He said; “That is a mischievous statement. Do they pay money like that? Have they ever paid any money like that? That N100bn has been on the table for mini-ranches since 2014 when (former) President Goodluck Jonathan was trying to address the lingering crisis between farmers and herders. So, part of that money was, I think, used by state governors under the committee chaired by the then Governor of Benue State, Gabriel Suswam. But I don’t think the bulk of the money has reached the pastoralists, the herders.
As part of that policy, they (the Federal Government) are trying to see how they can now assist livestock producers to address farmers/herders conflicts via a policy. So, people now saying they have given Miyetti Allah N100bn to stop kidnappings are just being mischievous because from what we have observed, there are certain people that are twisting narratives.”
You were promised N100bn and since 2015 you or your APC, quick to smear GEJ’s government said nothing about the alleged promise. But now that the whole world is rightly riled on Buhari’s plan to give you killers billions of Naira, you are attempting to distract the world with the GEJ noun.
expert234: If anyone is a shameless naive idiot here, it is you and your stupid blodas, who come here to deceive themselves that igbos don't have bad sides.
So, Mr flaaaaathead, keep your sermon of shame to yourself and your fellow blodas.
You build your unfortunate diatribe by the firm assertion and allegation that I am Igbo. Then you go onto spew your unguarded hate. Unfortunate but understandable, however arrogant too. Where did you get that assertion from? Must someone come from a particular region or place before he identifies with that place? Did Soyinka change his name to Chukwuemeka when he wrote “The Man Died” and spent almost 3 years in a Nigerian prison for speaking out about the genocide perpetrated by the troops back then? And, by the way, Soyinka’s actions was more serious than anonymously writing on Nairaland!
You see the naivety I talked about? I’m sure it’s much clearer now.
expert234: First off, this is not the first time igbos will be killing one another over stupid things like land and properties. It is part of an igbo man to be greedy for other people's wealth.
And yes, some Yorubas are bad, same for some Hausas, but you guys come here deceiving yourselves that igbos are not bad at all.
Your tribe is ruled by empty chest beating and stupid boasting.
If anyone deceived you that any tribe— I’ll like to call them nations— doesn’t have a bad side, then you should be blaming your stark naivety and not those who deceived you.
Let me help you with a simple reset: every nation grouping has a good, bad and ugly side.
expert234: I thought they said igbos love one another. Where is the evidence of the love now?
How is this single case which happened to someone and his family related to tens of millions of Igbos across the world?
Should we say that all Hausa/Fulanis are terrorists because of Abdul Mutallab? Or all millions of Yorubas are 419 fraudsters and criminals because of the Yoruba youths involved in 419 and singing about it?
atiku brought this upon himself, atiku, obj, saraki et al gathered and blackmailed GEJ simply because he is from the "minority"
buhari is certainly gonna deal with u guys, u think u are smart? atiku would have been the president-elect right now if only he and the rest exercised a little patience with GEJ.
atiku should carry his cross, am carrying mine and its not even easy for me at alllll
Truth. But this is where logic and pragmatism should replace the euphoria that emotionalism brings. It is cutting off the nose to spite the face. You want Atiku and others to suffer because of PDP when, if APC continues in power, the ordinary man will be worse off in comparison to Atiku and Obj, because we should "revenge them"? Makes no sense.
AutoJoshNG: Yesterday, the outgoing Governor of Lagos state, Akinwunmi Ambode, commissioned the newly rehabilitated Ilaje access road, Bariga waterfront jetty, and some state-of-the-art ferries.
The ultra-modern jetty is situated at the tail end of the upgraded Ilaje Road which provides access to the terminal from Akoka Road.
The projects is part of Ambode’s efforts to enhance the integrated transport system in the state and ensure seamless connectivity.
The ferry terminal is built on over 2,000 square meters of land.
It features an expansive parking area that can accommodate 150 cars and ample space for park and ride buses.Facilities at the terminal include ticketing office, slipway and boat berthing, private boat charter, passengers seating area, restaurant, mini mart, shops, toilets, seat-out area for relaxation, beautification features, as well as security watchtowers, among others.
fasho01: Doesn't sound silly at all. As hilarious as it may sound, it is very true. The ruling class has really mastered the 'divide and rule' tactics and have messed up with the psyche of the populace that this orientation is being passed down from generation to generation.
As for the first paragraph, I hope the kano indigenes do not fold their arms and watch their cultural heritage dismantled due to political vendetta.
Thank you
Haha! Well, this is my own analysis. Frankly, I am amongst those who are just being entertained by Ganduje and Sanusi and their respective apologists. They will sort themselves out in the end.
fasho01: Thanks for the enlightenment. I just hope as a nation we can harness this powerful tool of organized protest and bring about an overhaul of the current structure. I read in a thread earlier about the ridiculous amount each federal house of assembly member is to get upon inauguration and I weep for this country..
I hope one day we'll get it right as a people because the real power is on our hands and not that of the elites
Well, this protest I was referring to is one that should be done in Kano, by Kano State natives. The government there will find it difficult to break it using their/our favourite tool of tribe and religion.
At a national level, it will be very hard to replicate an organised protest. Those times are different from today. Back then, the military was rightfully disdained and seen as despots; it was fairly easy to build interstate and inter-tribal participation, especially in the Southern part of Nigeria, where the economy of the nation is situated. It’s easier to get a people united against a foreign entity— the military were a “foreign entity”. Today, it is going to be difficult, if not impossible. Any pro-people protest will be easily demonised by throwing the "Igbo" word into the mix, no matter how irrational and silly is seem. It works. That is enough to break any consensus needed in the South. It is called "divide and rule", the colonialist style of tyranny which Nigerian rulers have learnt so well.
fasho01: I thought as much. But from history in Nigeria, has that ever worked?? Rather security personnel would be used to maim, bully and intimidate the protesters..
Organised protests was what compelled Babagida to bring in Shonekan after the annulled June 12 elections. We've seen organised protests, although on very emotive and unreasonable grounds, successfully used against GEJ. Organised, non-violent, sustained protests has had its fair share of successes in Nigeria..
Kano people are good in protests, albeit, sadly, violent protests. I am sure they haven't forgotten the skill they usually and violently deploy in Sabon Gari areas against the non-indigenes. If they want to make Ganduje reverse his "divide and conquer decision", they can easily do so. Anyway, it is their business. They will sort themselves out.
Ecstasy154: President Muhammadu Buhari on Tuesday reviewed the relationship between the Executive arm of the government and the outgoing 8th National Assembly and concluded that it was not the best.
Speaking at the Iftar dinner (breaking of fast) he hosted for the leadership of the National Assembly led by Senate President Bukola Saraki at the State House Tuesday evening, Mr Buhari said the nation deserved better than it got.
He said he hoped for a better working relationship between the two arms of government in the 9th National Assembly.
“Relations between the Executive and the Legislature were not the best in the 8th National Assembly. I sincerely hope each one of us will do his utmost to ensure there is a better working relationship between these two arms of government in the 9th Assembly so that we can serve the people better,” Mr Buhari said.
Mr Buhari said the the principal task of the National Assembly “is to cooperate with the Executive so that together we can fashion policies that will lift our people out of poverty and out of illiteracy. I appeal to the Distinguished Senators and Honourable Members to subordinate all personal interests and ambitions to the imperative of working for the common good of our people.”
The president in a subsequent email sent to PREMIUM TIMES by his spokesperson, Garba Shehu, congratulated the members-elect on their success in winning their constituency seats.
He said, “this is a great burden and a great responsibility placed on you by your people. Our citizens are faced with challenges of poverty.
“Your principal task is to cooperate with the Executive so that together we can fashion policies that will lift our people out of poverty and out of illiteracy. I appeal to the Distinguished Senators and Honourable Members to subordinate all personal interests and ambitions to the imperative of working for the common good of our people.”
He assured the leaders that his doors remained open “to all of you who have genuine concerns or advice to improve the quality of governance and service delivery to our people.”
Mr Saraki assured the president that the National Assembly would maintain focus on national interest at all times.
In addition to Mr Saraki and Speaker Yakubu Dogara, the event was attended by the Deputy Senate President, the Deputy Speaker, the majority and minority leaders, the majority and minority whips and their deputies.
You are not supposed to have a "good" relationship with an independent institution that is set up for checks and balances on the executive.
Someone should tell Beau Harry. Apparently, those who dressed in up in democracy-looking-suits and traditional wears didnt read him what democracy is all about.
There was a subsisting order from the courts, I think, stopping Ganduje. But he still went ahead to create and start these new Emirates. So the question isn’t getting 1,000 SANs. It is getting Ganduje to effect whatever the courts say. And, from indications, he won’t. He has learnt from Buhari or has blessings from Buhari.
There’s only one way Kano people can make him reverse his decision. There’s only one thing tyrants fear and listen to.
anonimi: Just as we changed World Bank economist for certificate forger Kemi Adeosun who wrecked our economy and looted our treasury with her illiterate boss of no certificate.
Some foolish Nigerians, with the aid of Obama and the British, replaced eminently qualified people with donkeys and illiterates.... And are expecting a performance close to what those eminently qualified people did. That would be magic. And magic is not real.
Nigerians replaced or rather, changed this impressive young man, now the ADB president with Audu Ogbeh, BA French (1972) and are wondering why he and the Agricultural Ministry is clueless.
NgeneUkwenu: Don't worry Sanusi, your new found friends, I mean, the idiotic Ipob yoots, will soon flood your palace from Upper Iweka.
Don’t you guys realise that this NgeneUkwenu AKA Lauretta the drunkard Onochie only comments here to divert attention and distract others away from the main post? And she does this on any post that has the ability to develop into threads criticising APC. Ever seen her commenting on football threads?
Business › Re: Efcc Raids Mtn Nigeria Head Office Over Share Listing by madridsta007(m): 10:17am On May 25, 2019
