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Mbulela's Posts

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Politics › Re: Daddy Oyedepo Invokes The Ghost Of June Upon IBB by mbulela: 2:17am On May 05, 2010
I am a man of God too but i concur with this statement below.
chosen04:
Why is the ''man of God'' now talking? when he refused to warn them or speak out when the atrocities were been committed.

Has he finished Praying/visiting Aso rock villa for Yar'adua?
bibiking1:
and the ghost of yarAdua would continually hunt him and his band of decietful clerics! They should keep mum on the issue and stay out of politics!
These men can not choose to hug the limelight in ways that suit that selfish interests.
Whether you belief in the God as depicted by Christainity or not, it is a generally accepted fact that the Church in Nigeria wields enormous power among the populates, even the thieving elite.Yet Church leaders have grown mutewhen they need to speak, blind when they need to see clearly and deaf to the pain that is all around them (some actually insulate themselves from the pain around them).
The earlier the masses smell the coffee and take the bull by the horn themselves, the better.
All these Bishops and popes are making a mockery of God and rendering civil action impotent.
Music/Radio › Re: Kelly Hansome Vs M.i :: Who Takes Round One? by mbulela: 1:51am On May 05, 2010
MI would have won more respect if he stuck to laughing off the diss like he did with his tweeter post.
This reply is wack, lame and unnecessary.
If he maintained the tempo by keeping people and kelly handsome in suspense and never saying anything for years, he would have been crowned a winner.
choc boys just fall my hand for this diss.
their level don suppose pas this one.
you can bet dbanj will ignore kelly and that will be a knock out.
Politics › Re: FG Considers Sacking Sanusi ! by mbulela: 1:05am On May 05, 2010
i guess this
naijaking1:
If you're not educated enough to understand that in civilized societies, all accussed persons are innocent until proven guilty in a court of law, then I really can't argue with you. We have gone through this concept in many previous threads on this issue, and there's no time to educate you at this time. Just go buy a small book on civics.
aplies to this
E nice:
"A person is innocent until proven guilty IN A COURT OF LAW". Therefore, SLS is innocent of all actions or inactions he may be accused of in this forum. Until he his proven guilty, all allegations are mere insinuation.
so can we end the argument?
Since every one is innocent.
Let the looters continue in peace and let the mallam governor continue in peace too.
Or is there another spin to it?
Politics › Re: FG Considers Sacking Sanusi ! by mbulela: 10:47am On May 04, 2010
naijaking1:
'Alleged to have stolen' is a more accurate terminology
you will make a good comedian.
kai, you funny die.
Alleged my foot.
Nairaland General › Re: Eiye Confraternity Celebrates 40 Yrs Of Committing Atrocities In Nigeria by mbulela: 2:14am On May 04, 2010
Olu Falae, founder of Eiye?
I NEVER HEARD THATY BEFORE.
man dey learn new things everyday.
very interesting.
Politics › Re: FG Considers Sacking Sanusi ! by mbulela: 2:04am On May 04, 2010
Me sef:
E nice - You got a few things wrong. The so called "mismanagent of the banks" did not result in the economy nose diving or sack of wokers. Rather it was a fall-out of the global economic meltdown which forced foreign trades and operations of manufacturers to a halt as their banks could not secure credit lines from offshore banks to finance their letters of credit. However, the effect of the meltdown was thinning out as indicative of the recovery in the capital market as share prices began to pick in the first quarter of 2009 until Sanusi came to do the banking jihad.
Even though it is true some banks needed help to survive, Sanusi worsened their situations by sacking their management, harassing their customers, destroying public confidence in those banks and ultimately forcing them to stop doing business. I am telling you authoritatively, that those banks are worse than Sanusi met them. He aggravated their problem. The painful thing is that Sanusi does not care about their recovery unlike his counterparts in other countries in Europe and America who can point to a few banks that they have helped survived. Sanusi does not have a plan for their survival other than sale of what does not belong to him. So I ask you, what is deserving of applause in what Sanusi has done? The asset management company he has proposed is yet to take off. That was even medicine after death if you ask me. Why couldn't he start from there in the first place before sacking bank's managementhuh

The banks are not better off but worse, the economy is experiencing its worst crisis after the civil war. When banks are not lending, the economy is bound to be in crisis! Everywhere in the world, economic growth are financed by debt. Sanusi should have known better if he were not just a vindictive and bigoted Jihadist who has nothing bust ruins to offer.

Please get yourself updated about economic issues.
With all due respect, there is no truth in the highlighted part.
The root of the problem was mismanagement (more of recklessness) pure and simple.
It has been there all along.just that Soludo was in bed with these cowboys and girls,hence his hands were tied because he was compromised.
To a lesser degree, it is still there because Sanusi does not have the backing (political will) to carry out a wholistic clean up and secondly he lacks the tact and temparement for it.
Politics › Re: FG Considers Sacking Sanusi ! by mbulela: 1:56am On May 04, 2010
Me sef:
E nice - You got a few things wrong. The so called "mismanagent of the banks" did not result in the economy nose diving or sack of wokers. Rather it was a fall-out of the global economic meltdown which forced foreign trades and operations of manufacturers to a halt as their banks could not secure credit lines from offshore banks to finance their letters of credit. However, the effect of the meltdown was thinning out as indicative of the recovery in the capital market as share prices began to pick in the first quarter of 2009 until Sanusi came to do the banking jihad.

Even though it is true some banks needed help to survive, Sanusi worsened their situations by sacking their management, harassing their customers, destroying public confidence in those banks and ultimately forcing them to stop doing business. I am telling you authoritatively, that those banks are worse than Sanusi met them. He aggravated their problemThe painful thing is that Sanusi does not care about their recovery unlike his counterparts in other countries in Europe and America who can point to a few banks that they have helped survived. Sanusi does not have a plan for their survival other than sale of what does not belong to him. So I ask you, what is deserving of applause in what Sanusi has done? The asset management company he has proposed is yet to take off. That was even medicine after death if you ask me. Why couldn't he start from there in the first place before sacking bank's managementhuh

The banks are not better off but worse, the economy is experiencing its worst crisis after the civil war. When banks are not lending, the economy is bound to be in crisis! Everywhere in the world, economic growth are financed by debt. Sanusi should have known better if he were not just a vindictive and bigoted Jihadist who has nothing bust ruins to offer.

Please get yourself updated about economic issues.
Was the highlighted part a typo?
He should give taxpayers money to the same reckless bunch that mismanaged the bank in the first place?
How does that make sense?
SLS has his faults and most of them have been noted on this site severally but one thing he achieved is that he has driven the fear of God into the hearts of these cowboy bankers.Now they look well before leaping.
The days of publishing c.r.a.p. in the name of annual report is gone, the days of opening branches in every street corner and even two on the same street are long gone.boards of directors will sit up and question their CEOs not just collecting sitting allowance and giving complimentary cards to girls and relativ es to secure jobs in banks.
the painful p[art is that Sanusi is just dealing with symptoms.The root cause can not be dealt with due to the Nigerian factor.
Even he in his agrresive manner is not big enough to deal with it,unfortunately.
Politics › Re: FG Considers Sacking Sanusi ! by mbulela: 1:49am On May 04, 2010
TEE ZERO:
Need I say more?
No you don't.
rest your case, my friend.
Politics › Where‘ll Next Inec Chair Stay? : by mbulela(op): 7:34am On May 03, 2010
05.03.2010

Where will the incoming chairman of the Independent National Electoral Commission (INEC) stay? That is the question that has emerged following revelations that the outgoing Chairman of the Commission, Prof. Maurice Iwu, bought the No. 33 Ona Street, Maitama, Abuja residence of INEC boss under the monetization programme of the immediate past President Olusegun Obasanjo regime.


The house was procured by former INEC boss Dr. Abel Guobadia for over N100 million to serve as residence of the commission’s chair at all time. Guobadia stayed in the house during his tenure and left when his tenure ended in 2005.


The residence called Election House is fitted with all security and electoral gadgets and from there the INEC chairman can monitor electoral activities and election results at the commission’s ICT centre in Maitama and across the states.
THISDAY learnt the idea of procuring a permanent place as residence of INEC chairman was conceived around 1999 by late Justice Ephraim Akpata when he was chairman of the commission.


He had reasoned that renting a property to serve as residence of INEC boss could have its effects on the conduct of elections.
According to INEC sources, Akpata had asked then-what if the prospective landlord is a chairman of a political party, how do you rule out favouritism when the landlord’s party is involved in an election?
Akpata stayed in a rented apartment throughout his period as INEC chair until he died in January 2000.


But his successor, Guobadia, saw the sense in Akpata’s proposal and the need for a permanent residence for INEC chairman and as such got the commission to procure the property.
Under the monetization programme, the occupant of a government house is given the first option of buying or refusing to buy.
The Director of Media and Publicity of INEC, Mr. Emmanuel Umenger, declined comments on the development last night when THISDAY sought to speak with him on the sale of INEC chair’s residence.


But the question is why sell the house said to be strategic to the operations of INEC chairman?
Uproar had greeted former Inspector-General of Police Sunday Ehindero’s moves to acquire the IG residence in Maitama, Abuja given the strategic nature of the house.
The sale was later reversed by the Federal Government.
Politics › Re: FG Considers Sacking Sanusi ! by mbulela: 5:29am On May 03, 2010
naijaking1:
@TEE ZERO
That was an interesting piece by a worker who still feels some degree of loyalty and obligation to his department and Sanusi. However, his professional opinion about differences in management style was totally lost on Sanusi, who saw this difference in style as criminal. Who could have believed that Soludo did not write a pact with corrupt bank CEOs to commit all sorts of "cooking the books" giving loans without collaterals, and other professional misconducts huh
you no dey tire?
Haba!!! Sanusi thief your babe?
This your wailing without logic don pass another thing.
How can anybody be quoting Pat Utomi in this matter?
What did you expect him to say?
- PHB are guilty as charged.
- I failed in the discharge of my duties as a director of the bank.
- I was aloof and probably decieved (or even compromised) while Atuche was going wild with his banking cowboy antics.

Apart from buying shares on the floor of the stock market, i wonder how much interactions you have with Nigerian banks?
Atuche was just running a personal empire and doing as he pleased.The board (like the board of most Nigerian banks) was just their only in name and were not bothered as long as their personal interests were not threatened.Yet people come to quote Utomi as reference point in a matter he is culpable.
Only one who is not observant will not know that saddle called Nigerian banks need cleaning.The books are completely cooked with only one or two exceptions.
Like i said, the anual reports are not worth the paper they are printed on.
We would not have needed Sanusi's high handedness if Soludo was doing his job.Instead he was dragging the limelight with those he was meant to be regulating.
Sanusi has his faults but to blame him for the present predicament is to be blind to the truth.
Soludo with his 'paddy paddy' regulation and oversight as a reserve bank governor put us in this c.r.a.p we find ourselves in.
You are barking up the wrong tree.
I don't care if Jonathan removes Sanisi or not but i am glad that he has thought these rascals a lesson.We as a people will not tolerate the recklessness that brought All States Trust bank and its likes to its knees.
There must be accountability in banking.
Salvation is far fetched but we must begin somewhere.
Politics › Re: Wole Soyinka Attacks Bbc Portrayal Of Lagos 'pit Of Degradation' by mbulela: 5:04am On May 03, 2010
you don't need research to know that their can't be 11 million slum dwellers in lagos state.
What is the population of the state?
Politics › Re: Wole Soyinka Attacks Bbc Portrayal Of Lagos 'pit Of Degradation' by mbulela: 4:41am On May 03, 2010
Kobojunkie:
Soyinka goofed on this one, in my opinion. Lagos belongs to all, and all sides of Lagos are valid reps of the state. There is no rule written in stone that a media house must show all sides in order to tell a story of a place. Idiots abide on all sides, but to assume all folks(according to some, white people) think as we expect them to is arrogance and ignorance on our end.

Have you bothered looking up your own government's resources for facts? the Government website contains details on where that number possibly came from.
Kobo stop acting smart.
If you have proof of validity of the figure, share it with others.
I am curious to how anyone can claim there are 11 million slum dwellers in lagos.
C'mon, it is bad but not that bad yet.
Politics › Re: Wole Soyinka Attacks Bbc Portrayal Of Lagos 'pit Of Degradation' by mbulela: 2:09am On May 03, 2010
I don't even know why anyone worries his head about BBC when it comes to reports on Africa.
They just use the continent as a training ground for new reportewrs and the rules are pretty lax when reporting our continent.
Anything just goes because they know it does not matter much.
The little respect i had for them was lost it that fraudulent Yar Adua interview.
I communicated with the editor that commissioned the broadcast of that interview and the proofs he provided for the authenticity of the hoax was so chilidish and funny.
Even AIT would do better.
I don't know whether it is naiveity an 'i don't care attitiude' when it comes to Nigeria.
As much as i found that documentary fascinating and interesting, no sane person would conclude that the title was not sensationalist and misleading.
Instead of acepting the mistake, BBC will just ignore the complaints and move onto another matter.
dem no just send.
instead of wasting bandwidth flogging this issue, let us vent our anger at the crooks in power to reduce such eye sores in ourt cities.
Music/Radio › Re: Jessy Jagz-worth The Wait? by mbulela: 7:05am On May 02, 2010
Even as a party music it is still crap.
all beat and absolutely nothing else.
na him be the only person wey dey make party music?
i beg, free me.
Music/Radio › Re: Jessy Jagz-worth The Wait? by mbulela: 5:08am On May 02, 2010
nah!!
nothing like intellectual music here.
Terry G's music is meant to be listened to when strictly under the influence.
In fact no educated or uneducated person for that matter should be found listening to that crap when sane and thinking straight.
Na SSCE i get and my education no plenty but i stand by that statement.
Who no like am, make him go hug transformer.
Terry G as a producer is good but as an artiste he is wack.

case closed.
Politics › Ha Ha Ha Ha ! by mbulela(op): 5:03am On May 02, 2010
Momodu, Ovation Publisher, Joins Presidential Race
05.02.2010
One of Africa’s most famous publishers and THISDAY columnist, Bashorun Dele Momodu, is set to move from publishing to politics. According to sources, the publisher of Ovation International, a leading celebrity magazine, was provoked by the decision of former President Ibrahim Babangida to join the presidential race.

THISDAY checks revealed that Momodu has actually been travelling round the world to mobilise young Nigerians to support what he calls “a mission to clean up Nigeria.” His friends believe he’s one of the few Nigerians who have managed to build “a global brand against very daunting odds.” He enjoys a large following of Nigerian youths on Facebook and Twitter.
Momodu was a major supporter of Bashorun Moshood Abiola’s presidential bid in 1993. He was detained at the Alagbon detention camp, Ikoyi, Lagos, between July and August 1993 for his political activities. In 1995, he was forced into exile by the General Sani Abacha Military Government, and lived in England as a refugee for three years. He was accused of being one of the brains behind the pirate radio station that was attacking the dictatorship in Nigeria, an allegation he denied vehemently.

He started Ovation International during that period, and was a regular Yoruba presenter on the pirate radio broadcast, Radio Freedom, which later became Radio Kudirat, under the pseudonym of Saliu Elenuugboro. He decided to support the pirate radio since he was already punished for being a member of its clandestine operations.
He returned from exile in 1998 and expanded his publishing outfit from England to Ghana and Benin Republic where Ovation International is now translated into French. The widely-travelled publisher has been able to build a larger-than-life image and he has a one-on-one relationship with Presidents, international figures, business gurus, students’ organisations, civil societies and political groups.

When THISDAY contacted him in Ghana last night, Momodu said that there were incredible pressures on him to contest next year’s Presidential election. “My supporters are of the firm belief that Nigeria needs a fresh beginning and that that fresh air can only be guaranteed by someone who has not been tainted in anyway by government office and cannot be accused of pilfering government money,” Momodu said. He added that when he eventually announces his intention to run, “the decision would have been aided by the challenge thrown at us by former President Ibrahim Babangida that he can’t see any young Nigerian who can lead Nigeria out of the current political doldrums which was largely created by him.”

Asked on what political platform he hopes to contest when the time comes, Momodu confirmed that he has been a card-carrying member of Labour Party because his father was an ordinary Nigerian who worked most of his life as labourer.
“Most of the men from my Afenmai tribe of Edo State were labourers, and I come from that proud unionist tradition of dignity in labour and service to humanity.” Also, his growing up in Ile-Ife, Osun State taught him the values of hard-work in an environment where most people were poor.
Bashorun Momodu’s presidential bid is certain to add colour and excitement into a usually dull race because of his firm grip on the entertainment and showbiz industry in Africa.
Music/Radio › Re: Jessy Jagz-worth The Wait? by mbulela: 11:48pm On May 01, 2010
^^^^^^^
He should stick to producing.
the verse in Blaze might have been ghostwritten any way.

@tosin, Terry G is a wack artiste but a good producer.
No educated person should be found listening to the crap he spews out of his mouth.
utter garbage.
Music/Radio › Re: What Is Your Best Da Grin Song? by mbulela: 11:27pm On May 01, 2010
out of love for the C.E.O., who will do a translation of the major hits he had for us non-yoruba speaking fans who are still jamming the album all the same?
It will be well appreciated.
we beg o!!
Politics › Donald Duke Dumps Pdp by mbulela(op): 11:09pm On May 01, 2010
By Yemi Adebowale, 05.01.2010

With the 2011 general elections looming, the former governor of Cross River State, Donald Duke has resigned from the ruling Peoples Democratic Party, preparatory for the launch of his much rumoured presidential campaign on the platform of another party.

Citing among other reasons for the decision, Duke said the PDP had become “dysfunctional, unable to articulate a road map and lead Nigerians on a clear and concise path to national renewal.”
In his resignation letter dated April 29 and addressed to the Cross River State chairman of the party, Duke said: “When in 1998, we came together and forged a vehicle destined (as we thought at the time) to carry forward our beloved country’s hopes and dreams, there was a sense of being on the cusp of something that would endure. That has not proved to be the case.”

He regretted that PDP rather than building a robust and people-oriented party, “what has endured has been a lack of commitment to the purpose and focus of the founding fathers of the party and our country, which has emasculated the PDP.”
Duke continued: “Faithfulness and favour have been dissipated by a seamless stream of internecine factional warfare.”
He acknowledged that with his departure from the party, he would be leaving behind friends, “many with whom I shared sincerity of purpose but, regrettably, no longer share commonality of purpose.

“They shall in future be friends outside the party rather than friends within it, but always friends first. Our politics must be big enough for us to differ as we can cohabitate,” he added.
On his political future, Duke affirmed that he shall not fail to rise to the challenges and opportunities that the twenty-first century continues to hold for Nigeria.

“I shall always be mindful to speak the truth of our circumstances and our condition,” he said.
Following Duke’s resignation from the PDP, the former governor has suddenly become a beautiful political bride with opposition parties including the Action Congress, Labour Party and the Mega Party Movement intensifying efforts and wooing him to join their respective parties.

It is not known which party Duke will finally pitch his tent with but it was reliably gathered that he would likely join the Labour Party where he hopes to build a “bottom-up grassroots movement to confront the 2011 presidential question.”
Duke was a two-term governor of Cross River State under the platform of PDP and played prominent roles in shaping the party during its teething stage.

However, in the last few years after leaving office, he has become highly disenchanted with goings-on within the party and has been quite critical of the way the party has managed its successes since the return to civil rule in 1999.
Duke’s major angst with the PDP is its unwritten agreement to zone and rotate the presidency between the North and South geo-political zones.

In 2006, his quest to become the party’s flag-bearer was truncated by the party’s last minute decision to zone the presidency to the North forcing him and others from the South to withdraw from the race.
His decision to again throw his hat into the ring is believed to be another chance to challenge the unconstitutional zoning arrangement given fillip by the chairman of the PDP, Vincent Ogbulafor who said the 2011 presidential slot will be retained by the North.

Although there is no official indication as to when he may officially declare his presidential ambition, it was authoritatively gathered that Duke has intensified surreptitious grassroot mobilisation across the country to prepare the grounds for the launch of his presidential ambition by the middle of the month.
Politics › Re: CBN Intervention Damaging Economy, Says Gusau by mbulela: 3:01am On May 01, 2010
naijaking1:
^^^
There you go again, attacking the messanger, why not attack and disprove his meaasage if you can.
Bye the way, Sanusi is not economist either. No serious society will call a bachelor's degree holder in economics (from ABU, or any other Nigerian university for that matter) an economist. Be serious.
Gusau's message is not worth commenting on.
It is a beer parlour gist that isn't worth its salt.
The system is messed up, i will be the first to agree to that.
Sanusi's methods are not perfect but if anyone is looking for who to lynch, go find Soludo.Who was busy posing around like a showbiz impresario and hanging around the guys he was meant to be regulating while the industry was burning.unfortunately,most persons believed the man when he said all was well, while banks were churning out lies upon lies in the name of Annual report (not like it has even ceased).The annual reports of Nigerian banks are not worth the paper they are printed on.
Disparaging Nigerian graduates,especially anyone who graduated up to 3 decades ago is a comment that may come back to haunt you.
I wonder why you are so mesmerized by foreign degrees?
They do not automatically equate to substance, as have been proven over and again.
Guy,no get ulcer because of this Sanusi matter o!
Politics › Re: CBN Intervention Damaging Economy, Says Gusau by mbulela: 2:53am On May 01, 2010
naijaking1:
^^^
There you go again, attacking the messanger, why not attack and disprove his meaasage if you can.
Bye the way, Sanusi is not economist either. No serious society will call a bachelor's degree holder in economics (from ABU, or any other Nigerian university for that matter) an economist. Be serious.
we should call back economists like Soludo.
Those are real economists.
Not all these mallams chasing innocent bank MDs. wink
Music/Radio › Re: Jessy Jagz-worth The Wait? by mbulela: 11:55pm On Apr 30, 2010
[quote author=tosinaded@ link=topic=439131.msg5977669#msg5977669 date=1272641047]Mbulela no be artistes we dey compare 4 here. . . .we talkn albums!
Jessejags is meant to be a rapper,every1 was xpectn a solid rap album and wut?
He drops this!
The album is bad 4 a rap album. .but if talkn about d normal hiphop album,then its a good album!

Jag of all trade is a terrible rap album!
Cos thats wut we xpected. Otherwise its a great album.


As 4 terryG, go and listen to his 1st album. . . . .

#nowplayn jahborne - fallen soldier
#itsnaija[/quote]Terry G is a wack artiste but a good producer.
Jessy Jags is a good producer but a wack rapper.
Terry G's albums are crap.the first one, the second one and future ones.
Business › Re: Fashola Shops For N73.3b For Airport by mbulela: 12:12pm On Apr 30, 2010
As long as BAT's companies are not the beneficiary of the billions.
Lagos state will never be free until they get rid of that character called BAT.
Music/Radio › Re: Jessy Jagz-worth The Wait? by mbulela: 12:10pm On Apr 30, 2010
[quote author=tosinaded@ link=topic=439131.msg5973369#msg5973369 date=1272569686]overhyped abeg!!! na beats i wan chop?[/quote]i agree with you but i am surprised you can say that considering that you are a huge fan of Terry G.
In my view, Terry G is worse than Jessy Jagz can ever be.
Both should just stick to producing (which they are good at) and stop spreading mediocrity.
European Football (EPL, UEFA, La Liga) › Re: UCL Semi: Barcelona Vs Inter [1 - 0; 2 - 3 Agg]On Wednesday 28th April by mbulela: 6:58am On Apr 29, 2010
Mourinho criticizes Barcelona

Excerpt taken from news conference Antena 1 Portugal.

? A team that is the best team in the world should simply win and believe that shooting fireworks outside our hotel until 4 a.m., does not need to send the police to arrest Eto?o for tax evasion, does not require waiting for the bus 50 min. when it should only take 2 to reach the stadium, does not need Busquets to wink at Guardiola when red card is awarded, does not need any of this, they just need to play and win like champions, or lose and lose like champions, and my team today was a team of champions, they said that today they would leave their skin on the field to win but we left our blood on the field today.?
Fashion › Re: My Favourite Perfumes by mbulela: 6:42am On Apr 29, 2010
I think i have posted on this thread before?
there is no harm repeating my post.
my fav at he moment is GIORGIO ARMANI - BLACK CODE
European Football (EPL, UEFA, La Liga) › Re: Arsène Wenger Refuses To Bolster Arsenal Squad With World Cup Stars by mbulela(op): 6:17am On Apr 29, 2010
Arsene knows,
European Football (EPL, UEFA, La Liga) › Arsène Wenger Refuses To Bolster Arsenal Squad With World Cup Stars by mbulela(op): 6:17am On Apr 29, 2010
• 'Anyone can have three weeks of glory,' Arsenal manager says
• Wenger hopes to add new players early in the summer

Arsène Wenger believes the prices of players will be artificially high if they are successful in South Africa. Photograph: Nigel Roddis/Reuters

Arsène Wenger's reluctance to be rushed into spending Arsenal's millions on fresh talent will extend to the World Cup with the Gunners manager insisting he will not be tempted to buy players who make an impact during the tournament.

Arsenal will finish the season without a trophy for the fifth year in a row and were heavily beaten by their rivals Manchester United and Chelsea. That lead to criticism of Wenger's transfer policy, based on nuturing young talent and not spending big on established players.

But the north London club's coffers have be boosted after paying off around £133million in debts and the sales of Emmanuel Adebayor and Kolo Toure to Manchester City last year will give the Frenchman money to spend. But this summer's World Cup in South Africa will not be a scouting trip, Wenger warned.

"The World Cup will not affect our recruitment," he said. "It is dangerous to buy on the back of a World Cup. The prices are artificial and you have to bear in mind that anyone can have three weeks of glory.

"To have 10 years of success is quite different. With the season drawing to a close, people are inevitably looking to discuss our transfer targets.

"I do have targets and have been talking to people but I cannot mention any names at the moment. The earlier you settle your teams for the next season the better it is and the less anxiety you have."

One player he remains keen on securing is the Bordeaux striker Marouane Chamakh whose deal expires this summer and is available on a free transfer.

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