₦airaland Forum

IamAtribalist:
This guy is overrated. A one hit wonder if you ask me.

I stopped at the first line.
I know opinions are personal but no sane person will call tuface overrated in the Nigerian music scene of the last two decades.
For a man who speaks pidgin English most of the time, his lyrical depth is phenomenal in the face of competition.
His relative longevity is unsurpassed and he has done all this while keeping a cool head besides his wandering d.ick.
I respect your view but it is utterly baseless.

Sanchez01:
While I may not be seeing the show tonight, I can safely assume some of them would be struggling, particularly with noise and maintaining the pitch with which they sang the original song with. Would try get the video on Youtube in the morning. I'm sure you'd say Timi thrilled since you're a huge fan.

As expected some of them were using DJ, pretending they did not see the band.
Omawumi has been the best act so far. Talent no dey hide.
I also liked what the Ibrus did.

temitemi1:
Apc, the assembly of thieves

They learnt from PDP.
good students i must acknowledge.

priscaoge:
Rukky posted this picture few hours ago and a girl made a comment about how transparent the Net dress is. She (Rukky) deleted the comment and then blasts the girl.

See what she said!


https://instagram.com/p/73Ml8WPJvl/

Lalasticlala

This one too get assistant?
Nothing unemployment no go cause for naija

Pidggin:
You are not being fair on Seun, please take it easy the man only asked for our opinion he could have done whatever he wanted to do without letting you know. Have you ever been scammed before? i guess not, if you have your perspective will change. NL is someone's business, yes it's a community, but he owes it to us to create a safe forum. Yes we want to help people, but how do you genuinely verify cases? I personally saw a post where someone was asking for help, i was interested, but after checking i discovered the person was not genuine(health forum). Maybe if Seun and the mods can find a way of verifying cases it will be good, but that means giving them more work.

Seun faces important issues and chases mundane things.
Just like you investigated, anyone who wants to give should investigate before giving.
Some people even know the person asking is lying yet choose to give.
Do you think we do not know that some of the beggars on the road are lying? Do you investigate all before giving?
Seun has bigger messes on the site and he wastes our time with folks soliciting for funds?
What of the scammers marketing their wares here?
What of teenage ethnic jingoists littering the entire forum?

Seun is misguided.
However, it is his forum so he can do as he so chooses.

kennybrasco:
Seun. What of those of us always looking for who to help on Nairaland?

How do we find them when you ban people from soliciting for help/ funds?


The last hope of any genuine Nairalander looking for financial help is Nairaland.

Why do you want to take it away?

Scammers are in all sections of Nairaland even Romance section. Do you then say...You will ban soliciting for relationships on Nairaland.

Creating Awareness On Scam Prevention and Prosecution is what Nairaland needs.
Not banning genuine help seekers because of Scammers.

My Thoughts.

I support your thoughts.
As usual Seun and his band of meoderators ignore root causes and kill flies with sledge hammers.
If someone comes out to openly solicit for funds, it is down to the givers to investigate before giving.
Besides, no one expects you to give more than you can afford to give out. So even when scammed in terms of charity no big deal.
I have seen posts asking for help that i thought the tales did not add up, i simply moved on. No biggies.
The more worrying one is the idea of having a sales pitch as a signature.
You see someone reply to a comment with just 'ok' while the whole page is filled with a sales pitch of some item completely unrelated to the topic. Why are they not banning such?

Seun:
I hereby propose to create a new rule that forbids anyone from asking for money for money - especially investments and donations - on Nairaland later today. The enforcement of this rule will completely block the activities of many scammers. Any objections?

This is as important if not even more important.
https://www.nairaland.com/2610297/antonio-dehinde-fernandez-buried-photos/3#38168984

pharmow:
A classy burial



I have seen many moro.nic and senseless comments on nairaland, but this tops all. Has anyone ever told you this man hardly come to Nigeria? Mock others death at your own peril.


Please @Seun @lalastica. Create a dislike button for us. There are so many comments that needs to be frown at with multiple dislikes.

We do not need dislike buttons. We need the moronic and robotic moderators to do their job.
We need to report the silly comments of teenage ethnic jingoists and the moderators need to remove such comments swiftly.
Rather all they spend their time doing is taking silly topics to FP and issuing bans like it has a real effect in real life.

Are we still listening to this certified thief and transgender?

http://www.thisdaylive.com/articles/oshiomhole-700-missing-from-sovereign-wealth-fund/220589/


Edo State Governor and Chairman of the National Economic Council (NEC) Ad-hoc Committee on the management of the Excess Crude Account (ECA) and related federation accounts issues, Comrade Adams Oshiomhole, has said that the Managers of the Sovereign Wealth Fund (SWF) cannot account for $700 million out of the $1billion contributed for the fund.


Oshiomhole who spoke to State House Correspondents at the Presidential Villa after a meeting with Vice President Yemi Osinbajo on Thursday night claimed that records made available to his committee showed that only $300 million was left in the fund.

This is contrary to the claims made by the Managing Director and Chief Executive of the Nigeria Sovereign Investment Authority (NSIA), Uche Orji, that the $1 billion seed fund had been invested and generated a profit of N15.7m into government coffers.


Oshiomhole however disclosed that the report submitted to his committee only reflected $300 million with the explanation that the money had been invested in the Second Niger Bridge and Abuja-Kaduna rail.



He however pointed out that the former Finance Minister, Dr. Ngozi Okonjo-Iweala, had earlier told the world that the Abuja-Kaduna rail was financed by a Chinese loan.

He said "I reported to the media that the Sovereign Wealth people in their report to us, which I have in black and white, showed clearly that they have only $300 million left in the Sovereign Wealth Fund account.


"We have it in black and white and I can publish it if anybody wants to deny that because it was not submitted to me secretly. It was submitted at plenary of the committee.

"And then we asked, because I knew that the fund was $1 billion, what was done with $700 million. And they said they have made some investments.


"We asked them what they invested in and they said the Second Niger Bridge and partially in Kaduna-Abuja rail. That is what they said and I was not alone there.”

ibedun:
African people and our incomplete brain. I have come to accept we are sub-human. There is a fundamental biological problem somewhere.

The material things we appreciate and worship the most (like this Benz) are produced by people who don't know or give a toss about God or Jesus.

I wish I could like this comment twice.
Sometimes shame dey catch me

hensben:
sean tizzle is a better singer than Davido forget who get fame or money pass.

Na true sha.
The davido guy sounds like a pre-puberty kid. As if the voice dey on the verge of breaking.

ebosie11:
'I called on Olamide who’s even a more buzzing act, and he said I can pay him anything I feel like, and[b] he didn’t even ask of his money until way after the show before I paid him’.[/b]



Source: http://trezzy2..com/2015/09/why-i-hate-sean-tizzlebaskethmouth.html

Nigerians an lack of professionalism.
He is not even ashamed of saying he paid him way after the show.
If Glo or Dana owe you like that, you go like am?

All these students and their twitter English.

This Adebola Williams boy don hammer from Amaechi o!
His life has completely changed since Amaechi started dropping coins for him.

scarred9jan:
I blame the companies that endorse these overpampered, talentless druggies. they give mediocre talents a lot of money to churn out and perform a whole load of rubbish. A fraction of the money if invested in sports or individuals with exceptional talents would definitely change lives.

They will call you a hater.

safarigirl:
Asa's voice is nothing spectacular. I rate Timi higher, Nigerians will just gravitate to anything foreign naturally

Not just voice. He may have a better voice (and I think he does) but his entire stage performance is sub par like most Nigerian artistes. They are too lazy to work hard at their craft.

Sanchez01:
I made up my mind ever since two years ago not to punish myself over attending musical shows involving Nigeria artistes, both Gospel and Secular. Reason for this has been best known to me from day one - our artistes are lazy, an eyesore and arrogant on stage.



PS: For those who don't know, lip-synching is considered offensive and highly scandalous if roped around an artiste in saner climes.

Cc
Lalasticlala

Write down this list;
Tuface
Lagbaja
Sound Sultan
Femi Kuti
Asa
Bez
Tunde and Wunmi Obe
Yinka Davies

You can take it to the bank, none of these will ever do what you rightly accused the rest of.
I have attended a few of these big shows in the past, I got home angrier than I left. I feel it is artistic fraud for anyone to lip sync. I will never patronize such again. Laziness of the highest order. Meanwhile na those lazy ones dey hammer pass o.

you know the barbarians from the asylum are running things when clowns like Alamieyeseigha are getting press attention.

The All Progressives Congress (APC) on Monday has waded into the tussle for the party's governorship ticket for Bayelsa state with the aim of building a consensus around the former Managing Director of the Niger Delta Development Commission (NDDC) Timi Alaibe as the candidate.

The party's leadership yesterday summoned all its governorship aspirants in Bayelsa and Kogi states to a meeting in Abuja as part of efforts to boost its chances of victory in the two PDP states.
The consultative meeting with governorship candidates from Bayelsa is coming ahead the the primary election scheduled for Saturday, where two prominent aspirants, the former Governor of the state, Chief Timipre Silva and Alaibe are squaring up for a contest.
But THISDAY gathered that the plan to persuade Silva to back Alaibe has met a brick wall as Silva has gone ahead with intense campaign and mobilization of delegates.

The meeting which was held behind closed door had in attendance the national chairman of APC, Chief John Oyegun, Deputy national chairman (South) Olusegun Oni, national organising Secretary Senator Osita Izunaso among other national executives of the party.
Sources at the meeting told journalist that the party leaders would prefer the former NDDC boss, who they believed has 'better chances of wining the context due to his 'solid political structure in Bayelsa since 1999 till date.

The National Broadcasting Commission (NBC) and MTN Nigeria have defended their involvement in the licensing of the country’s 700MHz spectrum licence, insisting that the deal was neither controversial nor lacking in transparency.


In a document made available to THISDAY, the Senior Partner, Integrated Network Management Consultants, Mr. Ojie Panama, had raised concerns that the NBC secretly sold the country’s 700MHz spectrum, which was a national frequency that was meant for telecommunications service offering to MTN Nigeria for N34 billion without the knowledge of the Nigerian Communications Commission (NCC), the telecommunications industry regulator that is empowered to sell such spectrums through a transparent auction.


Panama insisted that the spectrum in question should be returned to the rightful custodian, the NCC and called on government to carry out a thorough investigation into the matter and punish any culprit or such persons found to have aided the infraction.


But the Director General of NBC, Mr. Emeka Mba, who did not deny the sale of the 700MHz spectrum to MTN, told THISDAY that the spectrum was sold at a time when it was still under the control of NBC, and that NBC sought and received approval to raise money to pursue its Digital Switch Over (DSO) mandate by licensing commercially a portion of the spectrum for converged services use.
He said the licensing was handled transparently and was done as part of its convergence service.


Panama however argued that although the spectrum had been under the custody of the NBC, the commission was supposed to free up the spectrum to NCC after the planned DSO, which was the migration from analogue to digital broadcasting on June 17, 2015.


He however explained that even though the spectrum continued to remain in the custody of the NBC, following the inability of Nigeria to conclude the DSO process in June, NBC had no right to sell the spectrum since it is the prerogative of the NCC to do so because it is a telecoms spectrum licence.


He accused NBC of denying other telecoms operators the right to bid for the licence, which he said should have been made open for a transparent auction by the NCC had NBC had not hurriedly sold it to MTN.


Panama said the action of NBC was flagrant abuse of power to deny other telecoms operators the right to bid for a national spectrum.
Reacting to the charge, MTN’s Corporate Services Executive, Mr. Akinwale Goodluck, said: “MTN did not enter into any controversial deal. The company in its transactions employs the highest ethical and transparency standards. Its actions are the subject of necessary approvals and due process. MTN in pursuit of its objectives continues to consider all legitimate opportunities.”


The Public Affairs Director of NCC, Mr. Tony Ojobo, when contacted, told THISDAY that he had no information on the matter and declined comment on it.


Panama who was clearly unhappy over the way the spectrum was sold to MTN, said the deal had been concluded and that the N34 billion was paid into NBC’s account through Zenith Bank.


According to him, “The NBC deal was controversial because NBC does not have the authority to issue spectrum to telephone carriers. By law, NBC is the regulator for the broadcasting companies only. That includes radio and TV.


“The only authority mandated under the Nigerian constitution to allocate spectrum to telephone carriers is the NCC. So, where and when did NBC derive this new found power?”


He said investigations so far revealed that the NCC has just found out on this encroachment and breach of functions and they are furious at both organisations for lack of due process and respect of the law, and that NCC was prepared to escalate the matter.

How many threads will be opened for this one girl?

mikolo80:
what I used to think but no be by grammar o. Hope he no fall our hand

Thank God you are beginning to see the light.
In fact, i am less comfortable with those who speak big grammar.
The fall hardest.

the 419 this guy practiced in Abidjan is still in his blood.
How did we develop a polity that churns out scam artists, fraudsters and outright thugs with such reckless abandon?
Across the political divide we have funny charlatans holding the levers of vital state organs.

I will never understand people who have sex outside marriage without condoms (leave that story of condoms breaking).
I am not saying it is wrong in the sense that I am judging. Just saying that I can't wrap my head around the level of reasoning that leads to such a choice.

Ojestas:
NYSC ain't a bad scheme..

Utter waste of time and resources.

atlwireles:
You are back where we started, all the links you provided showed bad investment positions and aggressive risk taking. Is this what you call a scam?

Did you see these :
It was gathered that commission, through its Enforcement Department engaged BGL on the complaints related to non-redemption of investment by clients, with consistent promise to pay these investors, which it did not adhere to.

As a result of its continued failure to redeem the clients’ investments, inability to file audited financial statements with the commission and some un-reconcilable figures in the financials of BGL, SEC suspected some kind of liquidity concerns.

Consequently, SEC directed a team of inspectors to carry out a joint target inspection with the NSE on BGL Group early last year. Sources close to NSE, who confirmed the result of the target inspection, said the result of the inspection revealed that: BGL Asset Management Limited offers investment products/schemes to the public that includes Guaranteed Premium Notes (GPN) and Guaranteed Consolidated Notes (GCN), which were not registered by the SEC; the operations of the GPN and GCN client’s investment scheme were not in line with the provisions of the SEC Rules and Regulations that specifies the maintenance of separate accounts for all clients’ funds.

According to sources, in spite of the company’s inability to redeem due investments in GCN and GPN, as observed by the numerous complaints received by the commission, the products were still being marketed and sold to investors.

“Besides, there was no clear distinction in the operations of BGL Securities Limited and BGL Asset Management Limited as it appears that BGL Securities Limited also carries out funds/ portfolio management function in respect of GPN and GCN products,” the source said.
THISDAY checks revealed that Ohanwusi, who had already been prepared for the position in line with the provisions of CIS, was displaced with the excuse that some allegations were made against him by his former company.

It was gathered that the Council of CIS told Ohanwusi the allegations against were being investigated and such he would could not become the CIS president until after the conclusion of the investigation into the allegations.

But rather than make the Second Vice President, Mr. 'Seyi Abe as the president until the conclusion of the investigation, the Council made Okumagba the president.

“It was unfortunate that the Council fell for the antics of Okumagba, who promised the Council members that he would use his clout and influence to help raise funds for the Institute. But one year after his emergence, the Council of CIS is ruing that decision to abandon its laid down rules and which has set the institute many years back and put a question mark on its integrity,” a broker said.

A senior broker, who admitted that the Institute made a mistake, said they realised very late that Okumagba wanted to use the influence of CIS to solve the challenges his company was going through.

Also, do you want me to re-post the fraud they perpetuated in court in tandem wit ha judge of questionable character to prevent further investigation?
Are these all you term bad business decisions?

Ibime, my good friend, market don set o.

jlinkd78:
Most times I just feel we v been scammed by d apc.

Still a better option than rewarding the obvious failure of PDP.
If APC remains same after four years, we vote them out too.
That is the beauty of democracy.

atlwireles:
Why not tell us what this's about, before making your ridiculous noise.

I hope you will not be too lazy to read and understand the scam in view?
Have a good weekend.

atlwireles:
Why not tell us what this's about, before making your ridiculous noise.

SEC Petitions NJC Over Judge's Alleged Misconduct in N11bn BGL Suit

22 Aug 2015
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Symbol of justice

Akinwale Akintunde

The Securities and Exchange Commission (SEC) has written a petition to the National Judicial Council (NJC) against Justice Saliu Saidu of the Federal High Court sitting in Lagos.

In the petition dated August 3, 2015, SEC is accusing Justice Saidu of a breach of the Code of Conduct for Judges of the Federal High Court in the handling of its (SEC) case against BGL group.

According to the petition signed by SEC Director General, Mounir Gwaizo, the commission stated that the judge had not shown impartiality in the N11 billion suit against BGL group and urged the NJC to investigate the judge's conduct.

The commission also pointed out that the whole BGL vs SEC episode was being closely monitored by large domestic and foreign institutional investors and urged the NJC to mete out appropriate sanctions if the judge was proven guilty.

SEC had scheduled sittings of the Administrative Proceedings Committee (APC) for 4th and 5th August 2015 to hear cases related to investor complaints against BGL which alleged fraud totaling up to N5.8 billion. An official statement posted on the SEC’s corporate website however announced that SEC was “postponing” the sittings due to an ex parte court order issued by a Lagos Federal High Court.

SEC stated that its decision to petition the NJC against Justice Saidu was borne out of deep concern that judges were being used to undermine its clear regulatory authority as outlined in the Investments and Securities Act of 2007. Observers had argued in the past that the SEC’s case against BGL could prove to be a defining moment for the capital market.

"If the judges continue dishing out ex parte orders restraining SEC from protecting investors, future offenders will employ tricks from BGL’s playbook by approaching the courts to get injunctions in a bid to avoid accountability. On the other hand, if the SEC is allowed to appropriately sanction BGL and its executives for all infractions committed by them, a clear signal would be sent to the entire market that there shall be no sacred cows but only zero tolerance for wrongdoing.

"With its regulatory authority at stake, it is not surprising that the SEC has decided to take the matter to the highest judicial body of the land and copied the highest ranking officers of the executive and legislative arm of government", the petition stated.

The petition outlined investors’ complaints which SEC had been receiving against BGL since 2012, its detailed investigations of BGL’s activities and establishment of an interim management team to ascertain the financial health of the company and protect unsuspecting investors who might unknowingly continue to conduct business with BGL.

The petition also details BGL’s offenses, including questionable investments in unlisted/illiquid securities (in one instance investors’ money was recklessly risked in a firm already declared bankrupt).

According to SEC, BGL was in a bad financial state and posed significant risk to investors, its customers and the entire market.

"It was sustaining losses of about N48 billion for five years in a row and faced liquidity challenges making it unable to pay about N11 billion of investors’ funds that had matured. And in the latest list of Debtors to First Bank Plc published in THISDAY Newspaper of August 4th, 2015, BGL Securities is indebted to First Bank to the tune of N1.64 billion which matured since July 31st, 2012.

"With these obvious red flags, one wonders why any judge would be interested in aiding and abetting such an operator to continue participating in the capital market and endangering other market participants. Justice Saliu Saidu rather seems to be comfortable performing this task.

"On 27th May 2014, he granted an ex parte motion filed by BGL restraining SEC from suspending BGL or investigating its activities. He refused to hear SEC’s motion on notice seeking to vacate that order, even when it came up for hearing on 11th June 2015. First, Justice Saidu adjourned the matter till 19th June 2015 and then to 9th July 2015.

"Yet on 29th June 2015, he was willing to hear BGL’s ex parte motion to abridge the time within which SEC could respond from the seven days granted by the rules to just two days. Amazingly, those prayers by BGL were all granted on the same day", it stated.

According to SEC’s petition against Justice Saidu, this action contravenes Rule 2(5) of the Code of Conduct for Judicial Officers which frowns at repeatedly granting ex parte applications.

The commission said when its case was finally brought up for hearing on July 9, 2015, Justice Saidu yet again refused to hear it, claiming that the case was not “ripe for hearing”.

"Yet on the same day, after SEC’s counsel left the court premises, he decided to hear the case and struck it out. Perhaps the most damning part of the petition against Justice Saidu was excerpts from his handwritten record of the day’s proceedings. Apparently he had refused to specify his exact ruling on the matter scribbling rather a vague ‘Bench ruling delivered’.

"This later turned out to be a blank check to BGL who on 30th July 2015 presented to the Nigerian Stock Exchange (NSE) a court order supposedly issued on 9th July 2015 but certified on 30th July 2015 mandating NSE to allow BGL to continue trading.

SEC stated in its petition against Justice Saidu that its counsel conducted searches on the Federal High Court records and found no trace for the mysterious order bearing Justice Saidu’s signature.

The petition equally flashes the spotlight on one Justice Mohammed B. Idris Kutigi of the Federal High Court, Lagos who issued the latest restraining order, obtained again ex parte, against the planned SEC APC sitting.

It will be recalled that when SEC set up an IMT to investigate further of the allegation and engaged the services of forensic auditors, the BGL Group obtained an ex-parte court order from the Federal High Court, Lagos Division, presided over by Hon. Justice M. N. Yunusa on 30th April, 2015 ordering the forensic auditors to vacate the premises, the SEC even though has an order from the IST complied.

The commission said it became very obvious that BGL seemed to have hatched a well calculated antic to manipulate the judiciary to avoid answering for its actions.

"One would therefore be sympathetic to the SEC’s decision to report the matter to higher authorities who can strengthen the rule of law by investigating and punishing any wayward judicial officer", it stated.

Contacted to react to the petition, Managing Director and Chief Executive Officer of BGL Securities Mr. Albert Okumagba, said he would ask his lawyer to call this reporter for his reaction but never did.