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PoliticsRe: Boko Haram: Igbos Flee The North En-masse by manchy7531: 1:30pm On Nov 23, 2011
this is the beginin of the end of nigeria
Resembles 1966 just without the genocide. See how history repeats itself?
Ojukwu has again been vindicated

I am looking forward to seeing a new flag, a new map and a new currency and new crop of leaders, I am looking forward to a time when people will go work and have their Muslim brothers and sisters help them watch over their kids without any fear of blood shed,I am looking to a time when Christians will not be afraid to attend night vigils in the church,I am looking to a time when the Christians will help their Muslim brothers and sisters attend to customers while they go to juma't service, this is who we are in the south and not killers of mothers and children and not beheaders of clergymen be they Pastors or Imams we respect human dignity
PoliticsBoko Haram: “war” With No End? by manchy7531(op): 1:19pm On Nov 23, 2011
Written by Mohammed Haruna ndajika


The title of this piece is not original. I’ve adapted it from that of a 2007 collection of essays by ten left-wing writers of various nationalities whose commonality is an abhorrence of the gratuitous use of violence by the State to solve problems in society or between nations.

Among them is Naomi Klein, journalist, writer, film maker and author of The Shock Doctrine: The Rise of Disaster Capitalism, her 2007 book in which she showed how the neo-conservative forces that have taken over America and much of the West have used, in the words of the book’s blurb, “public disorientation following massive collective shocks – wars, terrorist attacks, natural disasters – to push through highly unpopular economic shock therapy.”

In her own contribution entitled “Building a Booming Economy Based on War with No End; The Lessons of Israel”, in the collection in question, Klein tried to answer the puzzle about how the Israeli economy has boomed in the midst of the chaos and carnage in its region.

The New York Times columnist, Thomas Friedman, had offered the explanation that it was because the Israeli education system and its broader society “nurtures and rewards individual imagination.” Israel, Friedman said, “had discovered oil” not literally but metaphorically in the minds of the country’s “young innovators and venture capitalists.”

Right answer if you only looked at the surface only, countered Klein, but wrong if you looked deeper. Israel, she argued, was booming because “perhaps more than any other country, (it) has learnt to build an economy based on never ending war.”

Yes, Friedman was in a way right that Israel had struck oil, she said, but that oil was not the imagination of its clever young “techies.” Rather the oil was “the war on terror, the state of constant fear that creates a bottomless demand for the devices that watch, listen, contain and target suspects. And fear, unlike oil, is the ultimate renewable resource.”

Klein supported her theory with statistics that showed how the Israeli economy has come to depend on the West’s never ending war on terror. The country’s technology sector, much of it linked to security, she said, grew by 16% in 2006 alone and made up 60% of all its exports.

In the same year, she said, the country exported US $3.4 billion in defence products, “well over a billion more than it received in US military aid.” This, she said, made Israel the fourth-largest arms dealer in the world, overtaking Britain.

Israel’s high level tech-dependency – it is believed to be the most tech-dependent in the world, indeed twice as dependent as the US, the next highest tech-dependent country - she said, had left its economy so unprotected that it came as no surprise when the dot-com bubble burst of 2000 led to its collapse such that by 2002, the Tel Aviv business newspaper, Globes, was declaring the year as “the worst for the Israeli economy since 1953.”

Yet, somehow, by 2003, the country was already making a “stunning” recovery and by 2004, as if by some miracle, it was, Klein said, already performing better than almost any Western economy. What saved the country, she said, was 9/11, followed by bombings in Bali, Madrid, London, etc. “What,” she said, “saved Israel’s economy was the realization by its business and political leaders that 9/11 had opened up a new potential market niche for the country, as the world’s leading supplier of ‘counter-terrorism’ tools and services.”

Predictably the novelty of Boko Haram’s suicide bombing in Nigeria and its targeted attacks on state security outfits, churches and even on the United Nations building in Abuja, the Federal capital, following the Federal Government’s 2009 attempt to wipe out the Islamic sect from its redoubt in Maiduguri, Borno State capital, has provided the Israelis the opportunity to expand their well-known and already widespread presence in the country’s security sector.

Only the other day the authorities announced they would be spending over 10 billion naira to fight Boko Haram. You can be sure that a huge chunk of that princely sum will go to Israeli firms providing security goods and services.

Of course the Israelis would not be the only beneficiaries. Others would include the British, our former colonial masters, and the Americans whose invitation as military and security advisers embedded in our military establishments, the reader may recall, eventually led to the sack of General Victor Malu as army chief several years ago for protesting their presence in our military barracks.

The Boko Haram terrorism is obviously bad for the country’s economy and, needless to say, very bad for ordinary Nigerians who now live in fear of falling victims in the crossfire between the sect and the authorities.

However, it is bad for Nigeria and Nigerians not only because the economy suffers and innocent Nigerians also suffer or even die as a result. It is bad also because it poses the distinct danger that, like those outsiders who profit from chaos and mayhem, our own politicians and military and security forces, along with their contractors, may develop the attitude of preferring the dividends of war to those of peace.

There are signs that this may already be the case. Even the most casual observer of our roads and highways would have noticed, for example, that for the first time since the Federal Government’s Low Profile Policy of 1976 which made Peugeot the general official car, senior military officers lately cruise around in Toyota Land Cruiser Jeeps and top of the line BMWs as official cars.

Behind and beyond this gratuitous show of extravagance, there are rumours of unhealthy turf wars among the security forces, especially between the military and the police, on who should handle the procurement of what security products and services. There are also rumours that our Minister of Finance and chief coordinator of the economy, Dr Ngozi Okonjo-Iweala, is becoming so concerned about the way money is being appropriated – misappropriated is probably more like it - in the name of fighting Boko Haram in particular and security in general that she’s seriously contemplating resigning her super-ministerial job.

Credible or not, these rumours underscore the danger that Boko Haram may be seized upon – that is if it has not already been seized upon - as an opportunity by Klein’s “disaster capitalists” abroad and their henchmen in mufti or khaki here at home to militarise Nigeria’s economy and society for good. The early signs of this are here already in the almost meaningless military and police checkpoints that have made travelling around the country and commuting within our towns and cities absolutely miserable.

The lesson of violence with no end as we have witnessed in the Middle East, in Iraq, in Afghanistan, in Pakistan, in Somalia and wherever disaster capitalism has sought to get take control of, is that it is foolish and futile to rely more on the instruments of violence than on dialogue for the resolution of disagreements in society no matter how deep.

On celebrating Magaji Dambatta at 80

(Your column last week) is what I wish I had written as a tribute to Malam Magaji for what I learnt by associating with him and as a token of gratitude for his liberality with his time, ideas and resources and for that indescribably genuine, self-effacing humility that is uniquely his. And for his being great.

But there are two mistakes and I think I should tell you before others do: Dambatta is spelt with an ‘m’ and not an ‘n,’ as I discovered to my chagrin while writing with him; and for Morningsiders like us, a person’s or a town’s name is as they spell it. And the autobiography is ‘The Pull of Fate’ not Faith. Adamu Adamu, Abuja.


Thanks for your usual “Wednesday- Wednesday” tonic. Just wish to inform you that the Cameroon plebiscite took place in 1962 when yours sincerely was in Form 2. And to the best of my little knowledge, the Makaman Bida was at various times Minister of Education and later, Finance, but never of Health. Shehu Kaikai, Kaduna.


January 15, 1966 was a Saturday and NCNC was the National Council [not Congress] of Nigeria and Cameroons, and later of Nigerian Citizens. Felix Adenaike, Ibadan.


Makaman Bida was finance minister and Ahman Pategi that of health. I also think the (Cameroonian) plebiscite took place in the two parts of the Cameroons at the same time in1961, not separately. Northern Cameroun became Sardauna Province, the North’s thirteenth. M. T. Usman, Kaduna.


Last week’s piece celebrating Magaji Danbatta at 80 mad interesting reading but I thought I should make a slight correction. The late Alhaji Aliyu, Makaman Bida (Bahago) was Minister of Finance and has always deputised for the late Premier. He was at no time Minister of Health. He was at one time Minister of Education before the late Wazirin Katsina, Alhaji Isa Kaita.


Similarly, if childhood memory does serve me well, Alhaji Ibrahim Biu was Minister of information up till Jan 15, 1966. However I do remember Alhaji Ahmadu Fatika who, until 2 years ago was alive, as Sarkin Fadan Zazzau and one time Minister of Health after a cabinet reshuffle which saw late Alhaji Ahman Pategi moved to Agriculture from Health. May their souls rest in peace. Amin. Usman Jimada, Abuja.


I have read your article on the subject matter above so also Magaji’s autobiography. It was not MUSTAPHA (Magaji’s brother) that contested against him as you said. But Mustapha supported his friend ALTO DAMBATTA, a PRP candidate that defeated Magaji DAMBATTA who contested in NPN. Murtala Uba, Kano.
PoliticsRe: EFCC Chairman Farida Waziri Has Been Sacked! by manchy7531(op): 12:05pm On Nov 23, 2011
i have a feeling that this new EFCC angel wont make any difference.if am to believe waziri was sacked because of her cospiracy with Sylva then, this new efcc boss has just been appointed to obey orders and not to fight corruption.He is still acting though
PoliticsRe: EFCC Chairman Farida Waziri Has Been Sacked! by manchy7531(op): 11:08am On Nov 23, 2011
the news is all over my face book page now, it is confirmed.


Mr. Ibrahim Lamorde has been appointed as acting chairman.
PoliticsRe: EFCC Chairman Farida Waziri Has Been Sacked! by manchy7531(op): 11:05am On Nov 23, 2011
i just got a twit from tell magazine now too, to comfirm it. read below

TELL Magazine
Farida Waziri's time at the helm of EFCC comes to an end.
Farida Waziri sacked
tellng.com
Farida Waziri, has been removed from her position as Chairperson of the Economic and Financial Crimes Commission, EFCC. She succeeded Nuhu Ribadu, in May 2008, during the Umaru Yar’Adua-led administration. Ibrahim Lamorde, has ,
Like · · Share · about a minute ago ·
PoliticsRe: EFCC Chairman Farida Waziri Has Been Sacked! by manchy7531(op): 11:02am On Nov 23, 2011
i just saw it on channels tv  now.
PoliticsRe: EFCC Chairman Farida Waziri Has Been Sacked! by manchy7531(op): 10:57am On Nov 23, 2011
she must be tried for corrupt practice too.she is the biggest of all theives.
PoliticsEFCC Chairman Farida Waziri Has Been Sacked! by manchy7531(op): 10:55am On Nov 23, 2011
President Jonathan approved the appointment of of Mr. Ibrahim Lamorde as the acting chairman of the EFCC.

President Goodluck Jonathan has approved the appointment of Mr. Ibrahim Lamorde as the Acting Chairman/Chief Executive of the Economic and Financial Crimes Commission, EFCC in a statement siged by the presidential Adviser on Media and Publicity, Reuben Abati Ph.D.

The appointment takes immediate effect, and effectively relieves Mrs. Farida Waziri of her position as EFCC Chairman. Mrs. Waziri was appointed EFCC Chairman by Late President Umaru Musa Yar’Adua on May 18, 2008 and confirmed by the Senate on May 27, 2008.

Mr. Lamorde, an officer of the Nigeria Police, was, until this appointment the Director of Operations of the EFCC. He was also Ag. Chairman of the EFCC before Mrs. Waziri assumed duty at the Commission.
Source: http://www.channelstv.com/global/news_details.php?nid=30287&cat=Local
PoliticsRe: Senator Ndume Arraigned On Terrorism Charges by manchy7531: 10:47am On Nov 23, 2011
I HATE NORTHERN POLITICAL AND RELIGIOUS LEADERS,THEY ARE ALL HYPOCRITE
PoliticsRe: This Is What Will Happen On The Day Fuel Subsidy Is Removed by manchy7531: 10:41am On Nov 23, 2011
O Biafra we hail thee.the land of the rising sun
PoliticsRe: Boko Haram: Igbos Flee The North En-masse by manchy7531: 10:28am On Nov 23, 2011
This is happening to Nigerians in Nigeria,just because the north did not have its way. We have Lebanese, Indians, Pakistanis, other Arabs and Europeans who are Naturalized Nigerians by virtue of the fact that they have been here for long, and their life and properties are well secured by the security agents. meanwhile the so called Nigerians are being killed,brutalized and being denied of all they have worked for all their life, then by 2015, the so called Northern leaders who did not see anything bad in killing of youth corpers, killing of southerners, burning of churches,properties and mass exodus of people will tell us it is their turn to rule, we shall see. Thank God 2015 is very near
PoliticsRe: Can Faults Cbn’s $5m Investment In Islamic Biz Group by manchy7531(op): 10:12am On Nov 23, 2011
lease can someone tell me when this mallam tenure will end. i will forever hate Goodluck Jonathan if he reappoint this aboki. i reserve my comment


we are just watching, the end time is here, seems the 2015 prophecy will come to pass,
PoliticsCan Faults Cbn’s $5m Investment In Islamic Biz Group by manchy7531(op): 10:10am On Nov 23, 2011
By Sam Eyoboka
CONTROVERSY that attended the issue of non-profit (Islamic) banking in Nigeria was yet to settle down when it appeared that Malam Sanusi Lamido Sanusi, Governor of Central Bank of Nigeria, CBN, was on another collision course with the Christian commu-nity in the country as he was said to have invested the nation’s $5 million in an Islamic organisation known as International Islamic Liquidity Management Corporation.

The investment, according to reports, automatically makes Nigeria, a secular nation, to be a full member of the Islamic body.

According to the reports, there are 191 members of the body comprising 54 regulatory and supervisory authorities, seven interna-tional inter-governmental organisations and 130 market players, professio-nal firms and industry associations operating in 43 jurisdictions of which the CBN is one such regulatory bodies that has full membership status.

Pastor Ayo Oritsejafor, National President of Christian Association of Nigeria, CAN, the umbrella body of Christians, who had spearheaded a campaign against the manner the CBN governor has been using the nation’s collective resources to champion the cause of Islamic banking in the country, responded in a telephone interview.

He told Vanguard: “If what you are telling me is true, then it confirms what we have been saying all along which people have refused to acknowledge and accuse us of heating up the polity. When we react to certain subterranean attempts by some individuals to Islamise the nation, we are accused of heating up the polity.

“They don’t acknowledge that we are only reacting to the actions of certain individuals who appear to be untouchables.”

According to the CAN president, the decision by the CBN governor to drag Nigeria into the Islamic group is reminiscent of the way the General Ibrahim Babangida’s military administration dragged the country into the Organisation of Islamic Countries, OIC.

Oritsejafor charged President Goodluck Jonathan to call Malam Sanusi to order, adding that the unilateral actions of the Kano prince are unbecoming of a CBN governor of a secular nation.

Oritsejafor maintained that the CBN governor was working on an agenda while everybody appears to look the other way.

He, therefore, asked all well meaning Nigerians to prevail on President Jonathan to call him to order.

He argued that since Nigeria is a secular state it was wrong for Sanusi to invest the nation’s collective wealth to register the Central Bank in an Islamic organisation, adding: “We have always said that Nigeria is a secular country.

“This habit of taking us into Islamic organisations will continue to create problem in the minds of the people.”

and that his penchant for playing the religious card with the country’s finances certainly can no longer acceptable.

He wondered how long the nation’s authority would look on while the CBN governor was steadily and methodologically dragging the nation by the noose in to different Islamic organisations across the globe.
PoliticsRe: Abia State Workers Jubilate Over N20,100 Minimum Wage by manchy7531: 9:55am On Nov 23, 2011
Abia state governor should stop deluding himself, he is just saying it to raise dust, tomorrow he will find another excuse for his failure, he is a bad carpenter that always fight with his tools, there is nothing he can do in abia to heal the wounds he has created for abia state. he should better shutup and do it secret.because he has done more worse than good to abia people
PoliticsRe: Abia Approves N20,100 New Minimum Wage by manchy7531(op): 9:48am On Nov 23, 2011
Abia state governor should stop deluding himself, he is just saying it to raise dust, tomorrow he will find another excuse for his failure, he is a bad carpenter that always fight with his tools, there is nothing he can do in abia to heal the wounds he has created for abia state. he should better shutup and do it secret.because he has done more worse than good to abia people
PoliticsAbia Approves N20,100 New Minimum Wage by manchy7531(op): 9:46am On Nov 23, 2011
BY Anayo Okoli

Umuahia – GOVERNOR Theodore Orji of Abia State has approved N20,100 as the new minimum wage for civil servants in the state.

According to a statement by his Chief Press Secretary, Ugochukwu Emezue, the governor’s approval followed the signing Tuesday of an agreement between government and organized labour in Umuahia, the state capital.

Payment of the new salary would commence next month, while payment of the arrears, which dates back to April 1, 2011, would be paid from January 2012, and spread over 12 months.

Meanwhile, Governor Orji has approved N2.5 billion to mobilize contractors handling various roads projects in the state, especially Aba.

Emezue said Governor Orji was interested in ensuring that the roads were completed on time.

He pointed out that roads were very essential in the development of the state as they would ease the transportation problems of the masses.

He said the governor expressed joy that the contractors were now working hard to ensure that they delivered on time. He, however, warned that any contractor who defaulted would be sanctioned.

The governor was also said to have directed the commissioner for works to supervise the progress of work on daily basis and report back to his office to enable him follow the progress of work.
PoliticsRe: Why Are Bayelsans Failures (e.g Jonathan, Siasia ,sylvia) ? by manchy7531: 9:38am On Nov 23, 2011
May be you should rewrite it .Why Are Bayelsans Ijaws Failures?(Jonathan,siasia, Sylvia, Edwin clark)

Ben murray Bruce cant be classified as an ijaw man event though he is cos he does not have an ijaw/bayelsa blood and orientation.he is not even know by his own people
PoliticsRe: Borno State Senator Ali Ndume Is A Boko Haram Sponsor - Spokesman by manchy7531: 9:16am On Nov 23, 2011
You people are always in a hurry on the road to nowhere. If Buhari is involved, he will be arrested, same goes for Tunde Bakare, IBB, Atiku, Ciroma and the host of other greasy "hero's" you have.
I thought PDP were alleging that Boko Haram was the child of CPC, specifically Buhari!!!
My brother, Buhari can never be associated with evil. Going by this expose, it is now glaring that Boko Haram was natured by PDP blood sucking machine to scare of opposition and fullfil thier devilish agenda.
I don't think it is a party affair.sometimes you guys talk as clueless as the GEJ. Who's Ali Ndume? Which party did he belongs to? I don't see him as a politician. Here is an opportunist, who has been prostituting from ANPP to PDP, PDP to ANPP and now back to PDP, and which is the trade mark of almost all Nigeria politicians, so why must you be sparing one and supporting one? I agreed that Buhari is a good leader but is he going to work alone? The types of Ndume will cross carpet and spoil his govt I bet you!


Forget PDP, forget CPC, forget ANPP or anyother party.

It is the Northern elements and their Jihardism.

Have you folks forgotten that when Adamu Chiroma and his crying gang lost out in the PDP, that they called for a meeting to choose from Buhari, Ribadu and Shekarau?

By the time they finish, you will discover that the party in question is the NJP => Northern Jihardists Party with members from CPC, PDP, ANPP, ACN, etc.
I think you right!
PoliticsRe: CBN Invests $5m In Int’l Islamic Liquidity Mgt Corporation by manchy7531: 8:30am On Nov 22, 2011
slowly,the race is quietly being won,islamization of Nigeria in progress,Boko haramization will be the result.
PoliticsSanusi Says Nigeria Must Renegotiate Offshore Oil Contracts by manchy7531(op): 4:43pm On Nov 21, 2011
By Maram Mazen

(Updates with Sanusi’s comments starting in second paragraph, oil companies decline to comment in seventh.)

Nov. 10 (Bloomberg) -- The governor of Nigeria’s central bank, Lamido Sanusi, said the contracts for oil companies to conduct deep offshore operations must be renegotiated because the fiscal terms are unfavorable to the West African nation.

The companies should “renegotiate this or get out,” Sanusi said today to cheering attendees at an economic conference in Abuja, the capital. “These discussions are not just economic discussions; they’re discussions that go to sovereignty.”

“Unfair fiscal terms” for the deepwater operations, which account for 40 percent of Nigeria’s oil production, cost the country $5 billion a year in lost revenue, and contribute to the decline of the foreign-currency reserves of Africa’s biggest oil producer, he said. Fuel subsidies, which the government wants to end, total another $6 billion a year, Sanusi said today outside the conference.

Foreign-currency reserves dropped 3.7 percent to $32.8 billion on Nov. 4 compared with a year earlier, according to central bank figures. The country imports most of its fuel products because of a lack of refining capacity, and spends foreign currency in biweekly auctions to support the naira.

Nigeria receives 20 percent of oil companies’ profits from deep offshore wells, “which is calculated when the oil companies tell us what their expenses are,” Sanusi said.

U.S. Imports

The country is the fifth-biggest source of U.S. oil imports. Royal Dutch Shell Plc, Exxon Mobil Corp., Chevron Corp., Total SA and Eni SpA operate joint ventures with the state-owned Nigerian National Petroleum Corp. that pump more than 90 percent of the West African nation’s crude.

Shell spokesman Precious Okolobo and ExxonMobil spokesman Nigel Cookey-Gam declined to comment on Sanusi’s remarks. Total spokesman Charles Ebereonwu, Nigerian Agip Oil Company Ltd. spokesman Tajudeen Adigun and Chevron spokesman Femi Odumabo didn’t answer telephone calls seeking comment.

The Nigerian government is pushing to renegotiate the terms with the companies through the Petroleum Industry Bill, Sanusi said. The proposal for changing oil industry regulation has been in the legislature for more than two years, stalling new projects in the industry as producers including Shell and Total hold off on investment until the law passes.

“I don’t talk to companies, I don’t care what they think,” Sanusi said when asked how oil companies will react to such changes in their contracts.

The central bank has struggled to keep the naira within its target band of 3 percent above or below 150 per dollar as oil prices declined and demand for imports surged. Mounting demand for dollars had pushed the naira outside the target range, with the currency weakening to a record 166.6 per dollar on Oct. 10.
PoliticsSanusi Lamido Sanusi Again!(this Guy Is Slowly Selling Nigeria) by manchy7531(op): 2:20pm On Nov 21, 2011
CBN invests $5m in Int’l Islamic Liquidity Mgt Corporation


By Omoh Gabriel,Business Editor

Central Bank of Nigeria (CBN), has formally joined International Islamic Liquidity Management Corporation with an initial investment of $5 million. The investment accords Nigeria the full membership of the body. What is not clear, however, is if the investment has the backing of the Presidency that has the power to approve such investment.

At the tail end of Chukwuma Soludo’s tenure, the CBN investment in Africa Finance Corporation became contentious as he was accused of not having Presidential approval for the investment of public funds in AFC. The matter was fully investigated.

As at March 2011, there are191 members of the IFSB comprising 54 regulatory and supervisory authorities, seven international inter-governmental organisations and 130 market players, professional firms and industry associations operating in 43 jurisdictions of which the Central Bank of Nigeria is one such regulatory body that has full membership status.

By this development, Nigeria has fully embraced Islamic banking which the CBN had said was non-interest banking it was pursuing. The nine founding members of the IFSB are Bahrain Monetary Authority (now known as the Central Bank of Bahrain), Bank Indonesia, Central Bank of the Islamic Republic of Iran, Central Bank of Kuwait, Bank Negara Malaysia, State Bank of Pakistan, Saudi Arabian Monetary Agency, Bank of Sudan (now known as Central Bank of Sudan) and the Islamic Development Bank.

The CBN Governor Sanusi Lamido Sanusi is a council member of the body. Other council members are Chairman, Mohammed Said Shahin Governor Central Bank of Jordan, Deputy Chairman, Rasheed M. Al-Maraj Governor Central Bank of Bahrain,

Dr. Atiur Rahman Governor Bangladesh Bank, Haji Mohd Rosli Haji Sabtu Managing Director Autoriti Monetari Brunei Darussalam, Djama Mahamoud Haid

Sanusi Lamido Sanusi

Governor Banque Centrale De Djibouti. Other members of the council are Dr. Farouk El-Okdah Governor Central Bank of Egypt, Dr. Darmin Nasution Governor Bank Indonesia, Dr. Mahmoud Bahmani, Governor Central Bank of the Islamic Republic of Iran, Dr. Ahmad Mohamed Ali President Islamic Development Bank, Sheikh Salem Abdul-Aziz Al-Saud Al-Sabah Governor Central Bank of Kuwait, Dr. Zeti Akhtar Aziz Governor Bank Negara Malaysi.

Also serving as council members are Fazeel Najeeb Governor Maldives Monetary Authority, Rundheersing Bheenick Governor Bank of Mauritius, Sanusi Lamido Aminu Sanusi Governor Central Bank of Nigeria, Yaseen Anwar Governor State Bank of Pakistan, Sheikh Abdulla Saoud Al-Thani Governor Qatar Central Bank, Dr. Muhammad Al-Jasser Governor Saudi Arabian Monetary Agency, Ravi Menon

Managing Director Monetary Authority of Singapore, Dr. Mohamed Khair Ahmed Elzubear Governor Central Bank of Sudan, Dr. Adib Mayaleh Governor Central Bank of Syria, Sultan bin Nasser Al Suwaidi Governor Central Bank of the United Arab Emirates

According to the Islamic Financial Services Board’s web site based in Kuala Lumpur, “Eleven central banks and two multilateral organisations on 25 October 2010 signed the Articles of Agreement for the establishment of the International Islamic Liquidity Management Corporation (IILM) marking their collaboration in a landmark global initiative that is aimed to assist institutions offering Islamic financial services in addressing their liquidity management in an efficient and effective manner. In addition, the initiative would facilitate greater investment flows for the Islamic financial services industry.

“The signatories of the IILM Articles of Agreement are governors and their representatives from the central banks or monetary agencies of Indonesia, Iran, Luxembourg, Malaysia, Mauritius, Nigeria, Qatar, Saudi Arabia, Sudan, Turkey and the United Arab Emirates. The Islamic Development Bank and the Islamic Corporation for the Development of the Private Sector are the multilateral organisations participating.

“The IILM initiative was facilitated by the Council of the IFSB in line with its mandates to: a) enhance and coordinate initiatives to develop instruments and procedures for the efficient operations and risk management; and b) encourage cooperation amongst member countries in developing the Islamic financial services industry.

“To this end, the IILM will issue high quality Shar?`ah-compliant financial instruments at both the national level and across borders, in an integrated manner, thereby enhancing the soundness and stability of the jurisdictions in which they operate. The IFSB is an international standard-setting organisation with the objective to promote and enhance the soundness and stability of the Islamic financial services industry (IFSI) by developing global prudential standards and guiding principles for the IFSI, broadly defined to include banking, capital markets and insurance segments. The IFSB also conducts research and coordinates initiatives on industry related issues, as well as organises roundtables, workshops, seminars and conferences.

According to the Islamic body: “The IFSB has membership of international, regional and national organisations and market players who share its objectives. The IFSB welcomes organisations with similar aspirations to contribute their knowledge, expertise and resources as IFSB members. The IFSB has three categories of membership: Full, Associate and Observer.”

According to the body, “Full membership is available to the supervisory authority responsible for the supervision of the banking industry, securities and/or insurance/Takâful industries of each sovereign country that recognises Islamic financial services, whether by legislation or regulation or by established practice and international inter-governmental organisations that has an explicit mandate for promoting Islamic finance.

“The Islamic Financial Services Board (IFSB) had in Washington on 7 October 2010 facilitated the signing of the Memorandum of Participation for the establishment of the International Islamic Liquidity Management Corporation (IILM). The primary objective of the IILM is to issue Shar?`ah-compliant financial instruments in order to facilitate more efficient and effective liquidity management solutions for institutions offering Islamic financial services (IIFS), as well as to facilitate greater investment flows of Shar`ah-compliant instruments across borders.

This initiative is in line with the IFSB mandates (as stated in its Articles of Agreement) to: a) enhance and coordinate initiatives to develop instruments and procedures for the efficient operations and risk management; and b) encourage cooperation amongst member countries in developing the Islamic financial services industry.

“Governors and representatives of a number of central banks and multilateral organisations that are members of the IFSB participated in the signing ceremony of the Memorandum of Participation. The ceremony was held on the side of the IMF-World Bank Annual Meetings in Washington DC.

“The establishment of the IILM is a major breakthrough in the Islamic financial industry development as it will provide liquid short-term Shar?`ah-compliant instruments that would promote further the competitiveness and resilience of IIFS globally.
PoliticsRe: No GEJ, No Nigeria - Ohanaeze Youths Warns Boko Haram by manchy7531: 1:17pm On Nov 21, 2011
What doom? LOL. So, if the senates votes to impeach him, Nigeria is doomed?? You must be joking! What, the SS will fight a war? The SE will fight a war for the SS? Or a new militant group with GEJ'S name plastered all over it will fight a war for GEJ?? Or MEND will pick up arms after they have been granted amnesty? Or the "South" will fight against "God knows who"?
C'mon man, people do not have time for that again. The military will never accept that. Any region that tries BS will be crushed, the NORTH and SOUTH knows this. The Ijaws know this(odi and co), with all due respect to by brothers, the whole SS knows this. The SE SIMPLY CANNOT AFFORD TO TRY A WAR AGAIN, your elders knows this. The SW are too "cowardly" (in your own words) to try anything. So what war? Oil war? Lol. In as much as I know this is not the 60's, it took the Nigerian army 12 days to crush ND republic.

Guy, no one wants to face a war that we will never know the end.

In as much as everyone knows that Nigeria is a contraption for neo-colonisation, we simply cannot help it. Its all we have got. In about 100 years time, some dialects will die and we will have less than 20 major languages from 350. This will keep happening, be rest assured.

Niaraland detaches people from the reality at times. How many NDealtans want ND republic? Let's start from there. Once you know the TRUE answer to that question, it will smack you in the face, that there will be no war. At worst, militancy like MEND, OPC and now BK.
Bro for information,you only need to come to Nnewi to know how much the Igbos are preparing.last week i was in Nnewi,an some of the guys i met there where telling thingsssssssssssss!!!
they told me that there is no weapon that you can call that has not yet been secretly produced and some military generals know.also that right now, they have weapons that can fight Nigeria to a stand still for 5yrs minimum without international help.they also told me that it will be Igbo/ND against our enemy of progress, he said most of the ND militants that we hear many are Igbos(rivers,delta,imo&abia) and Ijaw(mainly Bayelsa & delta) and that the ibibios, efik, calabar don't really have militants as such.

they also said most of the ijaw militants are loyal to their igbos cos they know they can't fight without the Igbos couple with the fact that many of them have igbo origin/parent(father or mother) and of course the igbo technological gift(cos right now the igbos are already producing weapons secretly).
This is to tell all those saying that the ijaw will not join forces with the igbo in the eventual break out of war.  The ijaws and the Igbos are already secretly planing for their freedom and with GOD on our side,it will come to pass this time because the mistakes of 1966 will be noted.

Also don't forget that the igbos are everywhere in Nigeria and can disguise very well which will make them be able to gather intelligence easily(which they already have especially in the north(jos and kaduna)it will be very easy for them to infiltrate the ijaw militants,blend with them,speak there language with them,created divisions among them if they want to.(this is a comment from one of them''the igbos already have intelligence if you don't know''

We only have to wait for 2015 first cos America that predicted the break up of Nigeria by 2015 knows what they must have seen and for your information America and Israel are solidly behind the eastern Nigeria region.There are rumors that the Chinese want to open a consulate in Anambra,if that is true then,that will tell you that some foreign nations already know where Nigeria is heading to and they are already taking measure so as not to loose their investments, but our leaders are still blinded by our oil,they have failed to read the handwriting on the wall.
I laugh at you yoruba cowards,you better ignore the igbos are face your own problems.if the Igbos feel Nigeria(Islam/haus-fulani) is their problem and they must cut away from them to feel free and be progressive then let them be or don't you the yorubas want your own progressive nation?will you intentionally not want somebody not to progress?is that what you yorubas stand for?
PoliticsRe: You Can’t Query Me: Bafarawa To ACN by manchy7531: 10:12am On Nov 21, 2011
ACN is a regional party with fascist idea's. It is a party that peddles ethnic bigotry as a campaign tool
Like AWO, the father of all bigots.

BTW,as to Bafarawa,this is why we talk of party discipline and internal democracy.if bafarawa feels he is bigger than the party and that he cant be queried/punished by his party then,he should just quit politics cos Nigeria will never and a say again never condole an arrogant,bigot,looter,Muslim core northern old generation politician cos they are the reason why Nigeria is what it is.we need fresh blooded and humble politics.
PoliticsRe: Police Chief Shuts Church Inside Police College by manchy7531: 9:30am On Nov 21, 2011
Can a christian DPO Close down a mosque in any northern state
i can understand this is happening in the SW because the SW has Muslims too.that is why i fear Boko Haram might be able to infiltrate and penetrate the SW.

I wish he be posted to the SE and see if he will have the liver to close down a church,particularly in Onistha or Aba.i will see if by now they wouldn't have roasted him.
PoliticsRe: Between Ojukwu And Zik,who Is The Greater.( For Igbos Only) by manchy7531(op): 5:34pm On Nov 18, 2011
I thought u could hv just peepd into this thread nd moved on with your life nd continue enjoying urself(if u are) why did u decide to comment wen u dnt hv anythng to say, No offence pls.
^^^^^^^^
That was why i quoted it with igbos only because i knew some slowpokes that have nothing good to say will do any thing to derail the trend.thanks for your observation anyway.
PoliticsRe: Who Is Nigeria's Most Articulate Governor by manchy7531: 4:34pm On Nov 18, 2011
Top 3 = mallam shekarau, T A Orji, Aregeshola. No shaking
PoliticsRe: Jonathan: Cash Delays Take Off Of New Varsities by manchy7531: 4:13pm On Nov 18, 2011
what sense does it make building more universities when the existing ones are in shambles??

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