₦airaland Forum

@Chidichris u are so right but in death can't they just leave him alone.
Institutionalisin agencies of govt nd bein democratic were his greatest offences because Nigerians don't believe in dat, they prefer 2 hav a ribadu define wat anticorruption is they want a president that believes dat he alone knows it all.


In my opinion Umaru Musa Yaradua is the greatest leader so far in our history.

Umaru Musa Yaradua is gone, yet people have refused to forgive him even in death.
My issue is what exactly did he do wrong? A lot of people hav said that he went on leave without properly handing over power to hia deputy in d form of writing nd I ask does he have to write to empower the VP, whose only role in d constitution is to act in the absence of the president.

I say let's look at this scenario, immediately after a council meetin on his way out the president is shot but didn't die nd went into coma and was then rushed out of d country 4 treatment would the vice president now need a letter frm d temporarily incapacitated president 2 assume in actin capacity d role of president or we would have 2 be without a president or Ag president until the man in coma gets up or the Senate pass a resolution or then the FEC declare him incapacitated nd install d vice as president.


I would say no, in the absence of Mr President the Vice shld take responsibility immediately so Yaradua did no wrong in not writing d senate because it isn't mandatory that he writes 2 d senate just as d senate president doesn't hav 2 write 2 inform d executives of his leave but may do it out of courtesy.

Pls let's allow the man rest in peace.

Yaradua d most sincere president eva in our history

@kobojunkie I hav no comments 4 u or how else wld u react 2 somone who goes abt reviewin other peoples comments in a condolence register.

Quote from Redsun
I bet you mean aristocratic looters,his brother,shehu yaradua was a known looter,as general in army and as a politician,a strong ally in crime with obasanjo.Their father i heard was a part and parcel of the first republic looters.

There is nothing good to say about nigerian politicians,their death is more of blessing to the common man than tragedy.




Ok 4 d sake of ur arguement he came frm a family of looters yet he never was involved in lootin d treasury, he declared his assets nd nobody was able to raise any objection or allegation even without proof, this declaration he had bin doin since his 1st term as gov, does it men anythin 2 I.




You are just a jealous poor Nigerian who believes dat evry wealthy nd successful person is d cause of ur poverty nd failure.

Why do the good ones die early, why do d Gods chose those we love, u came, u saw nd u conquered. All that u achieved within ur 58yrs here on earth all your critics will neva b able 2 achieve a fraction cos weneva they do they will ask God 4 forgiveness.


Despite bein born into an aristocratic nd wealthy family u were yet humble, lived a simple life worth emulatin, a honest nd the most sincere president Nigeria ever had, the peacemaker of the Niger delta this nation mourns you.

Quote from kobojunkie
So, stating that this man not only crippled a state for 8 years, but went ahead to cripple a whole nation for over 3 years is downright cold-hearted?

When you say a line exsists between not agreeing with someone,who decides where this line starts or ends? Let me guess, you in this case??

Yar adua held on to power for so long, even with his own records showing year, after year,clearly showing him an incompetent leader. Stating that fact, even when he is dead is NOT coldhearted in my opinion. Choosing to IGNORE the facts, but instead pretending all was well when this man was alive is COLDHEARTED and stab at the many who have been directly affected, some in adverse ways, by this man's indecision/decisions in government.

Are you willing to tell the children, and families, who have had their limbs severed, thanks to yar adua instituting sharia law in katsina state, that they would be coldhearted not to state the facts of the consequence of the man's actions/inaction in that state?

Seriously, in all cases, HONESTLY IS THE BEST POLICY!!







@kobo u said honesty is d best policy, then how do u allude to Yaradua d cripplin of d economy? 1st nd foremost d economy shld be on its feet b4 it can b crippled nd I mak bold 2 say dat in 2007 wen Yaradua came in d economy was not on any feet, it was already prostrate, u had a thrivin bankin sector nd a failed real sector, I'm yet 2 undastand u on his cripplin of d economy.

Can u honestly say he left no legacy, I bring up d rule of law legacy, he came into ofc nd met d Lagos state issue, the lagos state govt had created som LGAs witout due process nd his predecessor witheld their funds despite a court order. Yaradua on gettin 2 ofc released d funds witout any further ado or presure frm Fashola, after that d LGAs were stil illegal nd after proper delibrations with his advisers he personally wrote a letter to Fashola advisin him 2 dissolve d illegal councils or follow the due process by gettin d LGAs ratified by d senate, Fashola called his bluff yet Yaradua neva flared up or joined words but prepared 4 d courts nd Fashola a lawyer saw dat he actually had no case had 2 revert d LGAs nd made them development councils nd afta dat Yaradua left him nd Lagos state alone. This is a very strong precedence nd shows dat u can hav ur way witout bullyin.


So kobo I ask in all honesty is this not a Legacy?

Quote frm kunleoshob

country like Nigeria.  And to be realistic, since there is no formidable voice of opposition to PDP in the country our prospects are limited to a northerner.
So i am praying for a miracle at this point.


Nobody thought Obama had the political muscle or clout to win the U.S presidential election yet he won in a land slide manner. The truth is that Donald has what it takes that apart i beleive the PDP is going to be heavily fractured towards 2011 elections with no strong man to rally the party round like in the OBJ days and the acting president being undermined by party Governors. This unconstituitional power rotation clause in the PDP would be their greatest undoing, i forsee Jonathan organizing a free and fair election next year now that he has been check mated. It would be very difficult for the PDP to win in a free and fair election next year especially if quality candidates like Donald Duke are fielded.








Obama circumstances can't b compared 2 Dukes circumstances, Obama slugged it out 4 d democrats tickets a major party in d US while Duke has left d major party here 2 pick d ticket of a party without structures, Obama had campaigned 4 a presidential candidate dat lost, he had bin @ d senate nd made a mark. Duke shld hav stayed on in pdp and throw his support behind Jonathan while he runs 4 d senate wateva happens 2 Jonathan does not stop Duke frm preparin 2 bcom president by 2015.

Our politicians don't know how 2 play politics, this is d bane of our crisis.

Late in d day 2 mak dat move donald, you shld hav waited, gave ur support 2 Jonathan then leave immediately no mata d result nd start ur preparation 4 2015. I wonder who ur political advisers are.

Jonathan has started d ground work 4 his campaign, workers wld be on his side once this is implemented, we must exercise patience. Little by little we will get there Jonathan knows wat he has 2 do 2 get to d presidency.

@funkyb hav u heard somone askin u 4 500T loan nd all I can say is dat is d kind of world we leave in, som pple have xcess while some have nothing. The irony of life evrytime I pass a small gal running afta cars tryin 2 sell pure water I feel sad because it shld be a criminal offence 4 dis to continue, the economy of dis country has bin bad in d last 20yrs d foundation is very weak nd unstable the economy kips gettin worse nd wld kip gettin worse if fundamental corrections are not made.

What is Sanusis offence dat Jonathan shld sack him, in official matas its abt policies nd procedures, hav Sanusi gone against any bank policy in actions he has carried out, has he contravened the rules that guide d ofc of gov of cbn, did he take any decision unilaterally, he gave documented reasons 4 his actions in sackin those CEOs, is there any law dat says he must sack all d MDs together.

Quote frm Hardtalk:
Americans know what they are looking for. I hope Jonathan does not fall Mugu!.





U don't giv Jonathan his due credit, he can neva b anybodys mugu!!!

Obj is tryin 2 do d ground work 4 Jonathans presidency nd d sweetest part is Jonathans calculated quietness, incase u don't know he is already infiltratin d ACF he has infiltrated d BOT of d PDP, Jonathan knows those he shld talk to nd dose who can deliva him d presidency, Jonathan has wat it takes 2 get 2 d presidency he aint just lucky but is wise.

In my own view Dele wld do better campaignin 4 a really popular candidate who has d capability 2 win d elections, say Jonathan 4 instance or Duke, otherwise he wld only b splittin d votes of anoda popular candidate who can deliva us nd allow a bad popular candidate win d election. Better still he shld start by contestin 4 d senate, if he can win dat den pple can judge his performance in d senate nd know if his credibility nd integrity wld pass d corruption test of d senate chambers.


Meanwhile how old is he?

Quote frm papabrowne

The highlighted portion of your quote- "Monies fixed in a bank are a disincentive to investment" exposes your level of understanding.
Monies fixed in a bank (Fixed deposites especially) for your own information are the best incentive for investment.
When customer A  fixes a deposit in a bank for a term, that money is taken and given to customer B as a loan for a term who uses that money to run his business. His business blossoms and he pays back the loan with interest. The interest charged on customer B is shared between the bank and Customer A. Thats how it works Mr Man.
When the going was good, customer A gets an average deposit interest of anywhere between 10% and 20%. Customer B is charged 20+%  interest on loans.
Sanusi came in and the loans stopped. Hence there was no way the interest on deposits could be sustained since loans were no longer being given. That is why the rates on deposits dropped. Bad thing is that both customer A, customer B and the bank are at a loss. Nobody is making money anymore for the simple reason that Sanusi criminalized lending.



The interest rates was killin business at a time we were no more interested in fixed deposits because the cost 4 them was high. If u fix 5m @ 15% for instance u still hav 2 pay 1% as NDIC premium, u pay other charges 4 dis deposits dat stand @ abt anoda 2% b4 u start talkin of lendin it out, now wen u loan it out u hav customers defaultin, a lot of this is caused because d pricin of d loan was high nd some due diligence not done, once ur customers start defaultin provision 4 d loans increase.


Now y we were no more interested in fixed deposits is because wen u giv high rates @ d end of d mth they want 2 pull out d funds thereby hittin on our deposit balance, also realise dat even though d bank lends out @ 25% d actual income calculated 4 d branch is @ 19% for interbank placements of deposits nd abt 17% 4 interbranch placements, savings accts 2day are d best type of accts bankas want now, because d savings accts are stable.



Broda its not as simple as u put it ask any banker he wld tell u.

Quote frm kokoA
Why can't the so called  "educated" nairalanders agure constructively without name callings like agberos.? Gush, ! Am getting irritated in here. As for Sanusi, I love the guy!



The prob is most of d pple in dis forum though educated are still illiterates, who view evrything thru their ethnic prism, and no single individual who is well educated nd properly xposed can mak some of d vry sensles arguements they try 2 mak.



No mata wat evryone wishes 2 say or believe Sanusi isn't d prob of our economy as him alone can't solve our economic woes nd if I cld borrow frm Obj "even if Jesus Christ came to run our CBN the economy of d nation wld not just bounce back like dat".

@funky, I'm not bothered abt ur Funds wen I refered to sawmill nd blockmakin was just tryin 2 let u know dat even those small biz is wat will mak Nigerias economy pick up wen pple refered 2 d US injectin money into d economy, it was not only banks dat got d bailout funds.

Even in d days of d bankin boom a lot of us saw this comin but there was little or nothin anyone cld do, because @ dat time u had a bouyant bankin industry supportin nothin in d real sector nd a lot of d deals goin on in d banks are shady nd very corrupt deals.


Bankers now are among the most unspecialised workers in d country, no value is bein added 2 dem, they know nxt 2 nothin abt sound investment principles, professional bankers are vry few in our system 2day, if they were actually addin value it won't hav bin easy 4 any bank 2 dismiss 1000employees in one full sweep, we hav prostitutes in d bankin sector, some bankers 2day think dat bankin is all about deposit mobilization nd makin withdrawals frm accts. A bank marketer once went out for marketin nd was asked wat she wanted nd her response was "we are here 4 deposit". Can u imagine, if u c any bank staff in ur area askin 4 funds or acct try askin basic investment questions as if seekin their advice ul b surprised @ d way they relate with u.



Funky no beef, I wld hav luvd 2 manage ur acc if I was still in d bank, nd mayb get my boss 2 approv a higher rate just to kip u.

The title has no relevance 2 d topic nd shows dat d poster is an educated illiterate.


Those shoutin north nd south politics don't even understand jack abt politics not to even talk of naija politics.

IBB is tryin 2 sell his candidacy d other politicians wat are they doin, wen d forms are out u start hearin som funny names comin out, candidates who can't win elections in their family houses wld all pick forms 2 contest.

Quote frm Mikeansy
Another demonstration of kids being kids that is what is going on here. Why can't you guys recognise diplomatic speak when you see one.

we live in a democracy for God's sake.

Quote

THE Ikemba Nnewi, Chief Chukwuemeka Odumegwu Ojukwu, was yesterday, reported to be in support for the presidential ambition of former military leader, General Ibrahim Babangida, in 2011,  saying he would support him as far as it was the desire and aspiration of the people of the country.

See the bit in bold above? He did not promise to go and campaign for IBB nor did he say he will give him unconditional support. His support for IBB is hinged on the will and aspiration of Nigerians.

What can be wrong with a statement like that?

I do not support IBB but if it is the will and aspiration of the Nigerian people to support him on election day and he gets voted for. On May 29th I will declare my support for whoever gets elected so that the country can move forward and thats called democracy.

This is what Ojukwu is simply saying. So you guys need to grow up and learn to understand when an old man speaks instead of running to your computer to abuse people anyhow.

Ojukwu has one vote on election day and so does everyone else. The Nigerian constitution has not bared IBB from running either and you people want Ojukwu to say that IBB should not run? or that IBB will not be President even if Nigerians vote for him because Ojukwu said so?

All you kids should bury your prejudices and grow up.




U are very correct nd ur post makes a lot of sense but my only point of disagreement with u is on kids runnin 2 abuse frm their systems in my opinion they are not kids they are actually adults I refer to as "EDUCATED ILLITERATES".


Is there anythin wrong if IBB wants 2 campaign nd must Ojukwu have 2 say I won't vote 4 u even if he will not vote 4 him, when u listen more u will c dat a lot of pple on d forum are educated illiterates frm their comments thanks.

@funky wt do u kno abt bank funds I hav sourced more dan a billion naira in deposits while in d bank nd also met wit diff kind of criminals in d name of prospects, most of these deposits were frm govt agencies where we mak special arrangements 4 d chief execs.

Now do u kno wat it means to say there is xces liquidity in d system? It is when there's too much money in fixed accts dat means dat money is idle and dat is wen CBN mops dose funds thru some investment like treasury bills nd other instruments, but like a deposit frm a govt agency dat is supposed 2 b used 2 pay contractors dat we used to fix 4 d CEOs then wld deny d contractors mobilisation nd wld hav 2 go source money elsewhere, which mayb a bank to grant him loan 2 execute d contract afta completin d contract to get payment he has 2 wait 4 d money fixed with us 2 mature nd we wld be pleadin wit d CEO not to tak d funds by den contractors interest on d loan he took wld hav eroded his profits frm d job. So u c all d corruption in d system now SLS peggin of int rates wld discourage nd reduce dis sort of fraud nd wit more supervision govt funds wld not be fixed in a bank. Fixed deposits are not better dan savings acct 2 d banks nd bankas, govt funds shld be in checkin accts or a zero interest nd zero COT accts, den d banks wld maximise on d float income 2 b made.



It is educated illiterates lik u dat put ur money in schemes nd com out complainin wen d money disappears. Pshew

Quote frm funkybaby
since your yeye theory is that sanusi decided to slash the interest rate to punish greedy naijas like me, then can you explain why the banks are so tight fisted with giving out mere authorized ''overdraft''



Do u actually hav an idea wat interest rates was on loan b4 SLS came onboard, d interest rate afta all d charges put 2geda was btw 41-50%p.a but now d interest rates all 2geda isn't 2 get beyond 25% so banks are not interested in givin out loans @ dat rate 4 xpensive funds they had mobilised, nd CBN now insists dat bank do the due diligence so u hav 2 mit certain conditions b4 a customer can b considered 4 an overdraft facility, this is y pple are findin it difficult 2 assess facilities which is just a temporary prob which wld go away as soon as d banks have only cheap funds in their books

Quote frm funkybaby
I am assuming that you have never fixed one naira in a bank before neither do you really understand how the banking system works cos if you do, then you will understand my frustration and that of so many other Nigerians regarding sanusi's policies.

Dumbo, i would have replied your silly post in a more civil manner but for having the guts to imply that I, funke, and many others that have posted on this thread are educated illiterates only shows your poor and low level of reasoning.

besides, its takes an olodo to recognise one. numbskull !!!





I will take all ur posts on dis thread 2 prove dat u are one of d many educated illiterates we hav in dis country.


Now if u weren't an educated illiterate u shld hav known dat dis wld happen nd wld not blame Sanusi for d drop in interest rates, where do u xpect d banks 2 invest d funds u want 2 fix, that wld yield good returns.


Let me start by wakin u up, I'm a rtd banker, worked with intercontinental, I resigned nd was not sacked so I marketed deposits nd secured deposits frm my clients, so u can't imply dat I don't know jack abt fixed deposits, I undastand wat it takes 2 satisfy customers who want max returns on their deposits while we hav 2 luk out dat we don't xceed d rate guide nd we bankers knew then dat dose rates cldnt be sustained.


If u are sure of ur money tell us what u or ur friend did 2 get dat amt lyin fallow, wat biz did u invest in, how much did u invest, where did u get d money to invest and how much did d investment yield, let us c if it is clean biz.

Quote frm funkybaby

Now dumbo, who i am, who my friends are, our sources of income and what we decide to do with our money is none of your Zap.i.n.g business. I am not here on nairaland to boast about anybody's investment portfolio or wealth. I never asked you any advice or suggestion on what business my friend can start with his money. All i asked is how come there is such a sharp drop in interest rates.







And u are very comfortable 2 say u hav 20mill dat u don't know wat 2 do wit in an economy where sch children sell pure water on our highways, pple don't hav food 2 eat, but dats not d issue ur question is wat happened 2 d interest rates u were enjoyin, ansa, the system has been corrected, we can't give "good" interest rates in an economy dat can't give us equally good returns or how do u expect banks to giv 15% wen we cnt get more than 25% returns nd there are no worthwhile biz dat can giv gud returns. Lik somone else told u in d UK int rates are pegged @ 4.5% this was done to encourage funds 2 b used in d real sector.

Quote frm funkybaby

was shocked when a friend told me he was offered 5% interest rate on 20million naira by a major Naija bank!!

What has sanusi done to interest rates?







I hav bin readin comments but decided 2 ansa ur question,

In an economy d bank interest rates shld not be beta dan returns u wld get 4 puttin ur money into the real sector, so what is d rate of return in the nigerian economy for 20million dat a bank shld now giv more dan 5% interest rate. Monies fixed in a bank is a disincentive to investment, dat 20million can create jobs by investin it in buildin a standard sawmill industry or blockmakin industry.

I wonda where ur friend got 20mill dat he wanted 2 fix in d bank, because u only fix money wen u don't know wat u want 2 use d money 4 nd dis is d prob of d educated illiterates in dis country, banks are not meant 2 b money doublers, if u take ur money 2 d bank its 4 security because weneva u nid it u shld b able to assess it unlike wen u hav invested it in a business venture, nd wen ur money is invested in a venture u can lose it but in d ideal situation even wen a bank folds u shld get ur deposits back complete.




Someone else said US nd UK had to inject hundreds of billions into their economy my own question is does Nigeria even hav an economy where we can inject money into.




Sanusi didn't cause any problem nd Jonathan shldnt sack him he is only gov of d CBN he alone can not make or destroy d economy, where is d head of d NDIC, there is a Minister of Finance, there are other parastatals in dat ministry dat hav a role to play in d economy, there is a Ministry of Commerce other agencies within dat ministries dat are sittin away doin nothin who is d ES of NIPC, let SLS do his job there is also no question of his resignation because Jonathan has not said dat he was disatisfied with any of his actions even the article only acknowledges dat Jonathan has been receivin reports, these reports will be frm dose who lost out.



SLS did not criminalise loans, he only exposed criminal loans, most bank loans are criminal in nature and are actually responsible 4 d overall failure of d Nigerian economy. I worked with a bank, how do u approve nd disburse loans to a customer u don't even know where his office is?



The biggest prob of Nigeria is d high num of educated illiterates we hav.

@Sulad docs are not God, at d time in question Yaradua was fit to bcom d president or do u think any doc can tell if by 2moro ul b as healthy as u are today?

Leav Yaradua out of this because if d man did his best 4 dis nation nd if I was in his position I wld do d same thing because we are not cowards who will shy away frm service 2 d nation because we are sick.


The issue here is dat no zonin was done 4 8yrs as a mata of fact d original zonin formula does not allow a man frm a region 2 handova 2 anoda man frm his region dat is Yaradua can't handova 2 anoda northerner, if d north wants a 2nd term then they hav 2 get Yaradua 2 run nd dis is Jonathans joker nd dat is wat Obj is sayin. Jonathan has already started his mosquito campaign.

It is normal to hav disagreements in a large organisation especially if its a political party, this is what makes them d only political party in Nigeria, all other parties have a one man show nd evry other person on queue.



Their ability 2 resolve among themselves out of d logjam is wat wld assure them of still keepin power.

El rufai u are welcome back pls but go nd clear ur hands nd name with d EFCC.

There shld be no scruples wen it comes 2 corruption charges against public officials in dis country because we all know dat they are involved in this nefarious act in one way or another, the rule shld b guilty till proven otherwise.

@luluosas was it d same rally IBB was thoroughly humiliated dat u ar referin to.


Oshiomole brought them because d prog was meant 2 b non partisan so even Jonathan was invited nd was duly represented.

Quote from walata44
And you think he should also be able to claim all the benefit of being president till May 2011 and beyond.






Y not? Isn't he the president y shldnt he enjoy d benefits, he atleast worked hard gettin there nd also worked hard in ofc. In d civil service workers are not denied their entitlements due to illness that kips dem off work 4 6mths nd even more not to talk of d president of the federal republic, bein a president 4 one day entitles u to all benefits accorded past presidents.

Yaradua is a good man nd may God almighty grant him full recovery.

Quote from krendo

that does not mean we should allow a very dumb man like Jonathan to have a free ride.

Duke is more capable. Let Jonathan go and sit down.

If South South does not produce a good candidate, then a Middle Belter will emerge.

No way for Jonathan, he is not up to the job.

By the way we are in democracy and any number of candidates from South can contest. If Jonathan wants to back the interest of South, let him not stand and support Donald Duke. It must not be the other way round.



This is wat will mak d south lose d presidency within their reach ACF is shoppin 4 a viable VP 2 Jonathan already, they invited Jonathan 2 b special guest of honour nd shuned IBB, then we d southerners are callin Duke 2 contest against Jonathan, it wil b a wrong political move Jonathan winnin d presidency in 2011 may signal d end of d pdp reign in Nigeria, Duke can chalenge Jonathan in 2015, but Duke nd all other progressives wld neva b able 2 unseat IBB if he eva gets to d presidency.

I can wait till May29 2011. As long as the VP can act for him witout complaining.

Quote frm selingel

See what happened in America before the election of Obama, it was the youth. They mobilized 5 dollars, 10 dollars and so on for his campaign. So, let the masses take a cue from the happenings around the world to salvage the nation. Here, it is the same youths that are being used for rigging, for election crisis and so on. This time around let the youths themselves not be the problem. As 2011 approaches, let the youths engage themselves for positive political changes in Nigeria.




Youths on dis forum are we ready 4 d change we clamour are we ready as individuals 2 contribute our 50naira or 1000naira to support our candidate nd not wait 2 receive 500 or 5000naira frm confirmed thieves to continue their lootin.

Nothin wrong abt Oshiomoles move d ACs move was wrong.

Were they afraid of d other individuals at least we cld c wat brave minds lik Keyamo nd co did nd to prove dat it wasn't a paid crowd IBB wasn't allowed 2 spik.

Oshiomole shld b commended 4 bein able to pull the stunt witout battin an eyelid.