₦airaland Forum

noblezone:
Mazi, we have come a long way now and I think you should know me to some extent.
My problem is not the method of selecting Soludo, my rejection of him is the fact that he is hobnobbing with the same machinery that tried to destroy our peaceful state. And we are glad that the duo of Ngige and Obi stood tall against them. Also let me add that it was more of Ngige than Obi. for if Ngige did not fight those guys, the Obi/APGA case against him at the tribunal would had been thrown out and OBi would had never smelt that seat. That was why the tribunal lasted for three good years because they were hoping to replace Ngige and still hold on to power. Unfortunately, all that worked against them.


And by the way, did you say AC, PPA and APGA did not hold a congress?

AC conducted a congress:

Despite the fact that Ngige had no opposition as to his candidacy, AC still held a congress.

http://allafrica.com/stories/200910120587.html


PPA conducted a congress and Etiaba (I dont know who told you that he won) lost. The PPA flag bearer is one Mrs Ekwunife of House of Rep. I am even suprised that it is you who would be speaking without facts.

http://allafrica.com/stories/200910090633.html.

APGA conducted a congress:

Despite the ignoble role of Iwu (who happens to be a law unto himself)  making sure that Obi is schemed out by suddenly recognising Chekwas who he refused to recognise since they forcefully removed the man (Chekwas) as the APGA chairman, the courts have come to the rescue and stated that APGA is led by Ume. Thus, they held a congress. Obi had no serious opposition.

http://allafrica.com/stories/200910120833.html

This last link is even better, it has all of them.


PDP:
It is only the PDP that could not hold a congress. Why was it so? Because Chris Uba bought the congress delegates and somebody went to court and protested. So, they picked Soludo in order to "appeal " to us. We no want eeeee. Na by force?

PDP is nothing but a group of comical gangsters. They all know that it was Chris Uba who truncated their internal democracy, denying them of their rights to hold a congress, but have they sanctioned him? No! They are busy pursuing "umu oke" when fire is ravaging their house. Chris Uba is still a member of BoT of the PDP. This is comical and we are having the last laugh.

You know what? They missed the deadline for submission of the forms, yet INEC accepted it just because it is PDP. You know, Iwu's INEC is the Youth wing of the PDP. Imagine for a second that it was APGA or PPA or AC that missed the deadline, Iwu would had appeared on NTA prime time, and talk about "rule of law" and why the forms was rejected.

Finally, dont get me wrong. I am not saying that the machineries of the other parties are world class, but being in the opposition has a way of bringing sanity. For if AC is critizing the PDP, then AC must try to live by example.

Today in Port harcourt, Amechi has done more in about 2 years what Odili could not do in 8 years. Now the question is, is he really better than Odili? I dont think so, for he was the Speaker of the state house of Assembly during Odili's 8 years. So what happened to him?  When the PDP machinery led by OBJ forcefully replaced his name at the guber elections, the guy had so thoughts and got the spirit of "opposition" . And when he became governor, he has to make a difference.

Now that is why we love Ngige. He revolted against the powers that be even within their own camp. We are going to vote for him.

Mazi, I will be home to vote, that is if Iwu will agree.

bros, i love your analysis.
someone asked me about this odili/Amaechi issue yesterday and i am in agreement with you.
the reason why PDP do not want to deal with Uba is the same reason why their can never be any serious fight among the Nigerian elite.
they know that because their are no principles in their cause, in the cause of their greed they will become allies again in the near future.
the lack of principles and ideologies is what will destroy the Nigerian political class.
their greed will be their downfall.

tijehi:
MO doesent connect. She's too stiff. She should try and be natural. please DO NOT compare her with Funmi Iyanda. I dont like Funmi, but I'll give her credit for her show, she was da bomb. comparing her with mo is like an insult.

gbam gbam gbam.

na today,

Startling revelations came on Tuesday that some bank chief executive officers sacked by the Central Bank of Nigeria for poor corporate governance and reckless credit management, may face fresh charges.

It was reliably gathered that a fresh scrutiny of the books of three of the banks—Oceanic International Bank Plc, Intercontinental Bank Plc and Afribank Plc – revealed fresh loan scams totalling about N516bn.

The N120bn hole discovered in Afribank was due to losses incurred in trading in its own shares.

Our correspondents gathered that a report from the new Managing Director of Afribank, Mr. Nebolisa Arah, revealed that the N120bn loss was as a result of a N20 diminution in the value of about six billion shares of the bank bought by the bank itself through Falcon Securities.

Shortly after a source disclosed this to one of our correspondents on Tuesday, the CBN Governor, Mr. Lamido Sanusi, told the Senate that one of the two sacked bank chiefs had two aircraft and had paid for another two before the CBN axe fell.

Our source, who is close to the apex bank investigators, claimed that Oceanic Bank, whose sacked managing director, Mrs. Cecilia Ibru, is being prosecuted by the Economic and Financial Crimes Commission, had fresh non-performing loans of about N235bn.

The loans, according to him, was traced by investigators to companies owned by Ibru herself. He added that the loans were given out at ridiculous terms that made repayment practically impossible.

About N160.7bn loans were earlier said to have been given out by the former Oceanic bank chief to her cronies and associates.

Ibru, according to reliable sources close to the investigators, also “unethically” paid N825m to a company owned by her daughter as a 10-year rent on a property along Ikorodu Road, Lagos.

When asked to name the companies that the loans were given and the one owned by Ibru’s daughter, the source said, “There is a four-page list. You will not find her (Ibru’s daughter) name on it. Many shell companies, others owned by Dele Oye and Nana Abdullahi. They even bought some other companies from people and used them for their loans.”

The source added that a fresh N160bn loan loss was also discovered in the books of Intercontinental Bank. According to him, the money was linked to market losses on Intercontinental shares bought by the subsidiaries of the bank.

He added that some directors of banks whose CEOs were sacked owned shares in the banks which they did not pay for.

Apart from Ibru, three other former bank managing directors — Mr. Okey Nwosu (Finbank); Mr. Sebastian Adigwe (Afribank); and Mr. Bartholomew Ebong (Union Bank), are facing trial on five separate 131-count charge, bordering on fraud, concealment and granting N625.95bn loans without adequate collateral.

The fifth, Mr. Erastus Akingbola of Intercontinental Bank, is on the wanted list of the EFFC.

Seven non-executive directors and members of board of directors of Intercontinental Bank Plc, Dr. Raymond Obieri; Mr. Hycinth Enuha; Mr. Christopher Alabi; Chief Samuel Adegbite; Alhaji Isyaku Umar; Mr. Bayo Dada; and Mr. Sani Adam, were also arraigned by the EFCC.

Also arraigned were three bank debtors — Mr. Peter Ololo, Mr. Henry Onyemem, and Mr. Niyi Opeodu.

Our source’s disclosures tallied with Sanusi’s defence of the shake-up in banks, where he reiterated that the activities of the sacked chief executive officers of banks were shocking, unprofessional and capable of destroying the entire industry.

Sanusi, at a closed door session with the Senate, also claimed that he rejected a Greek gift of N3bn from a group shortly after he assumed office.

He did not name those who tried to offer him the bribe.

The President of the Senate, Mr. David Mark, had said on September 29 that Sanusi would be invited to brief the Senate in a closed session because the matter was in court.

A senator, who spoke with one of our correspondents on condition of anonymity, said that the CBN chief told the Senate that the banking sector would require about N1tn to fully stabilise.

He added that there was the need for the Federal Government on behalf of the CBN, to approach the National Assembly for a legislative action on the N1tn needed.

The senator also quoted Sanusi as saying that Ibru gave out N235bn unsecured loans ; had two jets and had paid for additional two before her removal from office.

He said that Sanusi wondered why a bank chief would give out N235bn loans when the bank had a capital base of N300bn.

Part of the money, Sanusi allegedly said, was used by the executive to acquire two of the jets.

The lawmaker also credited to Sanusi as having said that the sacked directors of Intercontinental Bank approved a loan of N8bn each for themselves.

He said that the removed directors used the money to acquire about 50 per cent equity holding in the bank.

The senator added that Sanusi told the upper arm of the National Assembly that the rot in the banking sector when he took over offered him two choices.

First, to compromise and allow the system to collapse, in which case, depositors will suffer.

The second was to take the path of honour by doing the right thing if it meant stepping on toes, and to stabilise the system.

But he said that he decided to choose the latter.

In response to a question as to why some banks appeared targeted, the CBN governor reportedly said he had to make the best out of a terrible and potentially dangerous situation.

The senator said, “He gave us a scenario to illustrate his point. He said, he found himself like a person who got into a community ravaged by cholera.

“He found some children who are critically ill and others who are ill but can survive a few days.”

Sanusi, he said, was faced with the choice of trying to treat all of them at once using scarce resources, in which case he risked losing everything or treating the critically ill first, before proceeding.

When contacted, the Senate spokesman, Mr. Ayogu Eze, described Sanusi’s revelations as “startling” and “sobering.”

He said, “What I want to say for now is that revelations coming from the briefing given by the Governor of the CBN are sobering and a lot of our colleagues were really disturbed by the magnitude of the malfeasance and things that have happened in the banking sub-sector.”

Eze explained that the CBN governor would return on Thursday to shed more light on the allegations.

He also said the Senate was pleased with the action taken so far by the CBN governor in the light of his revelations and explanations.

The Senate spokesperson however said the Senate would withdraw its support if, at anytime, it found facts to the contrary.

He said, “So far, members of the Senate are quite satisfied with the way the governor has done his job, and with the way he has handled the assignment up till the briefing today (Tuesday).

“So far, we are very pleased that he had to intervene at the time he did to save the country from embarrassment.

“The facts available to us are really sobering and I am sure that at the appropriate time, when we get the facts, we will come and release some of those facts so that Nigerians too will share and see why the Senate is solidly supporting the actions of the governor of the CBN and encouraging him to do what he has started in cleaning up the financial sector and straightening things out.”

On why the discoveries were just being made, Sanusi told one of our correspondents on Tuesday that the revelation was the outcome of the work of forensic auditors.

He said, “Don’t forget that we have been in the banks since august 14. We have just concluded it, it takes time.”

Spokespersons of Oceanic and Intercontinental banks declined comments when our correspondents contacted them on telephone for comments.

Moment with Mo is a fake output.
With all the resources at her disposal, that show should be a banger.
but it proves that if you ain't it, you ain't it.
she should explore other talents.
As much as i dislike unmi Iyanda, she is much better than Mo.
If she had a third of the resources dedicated to Moment with Mo, she will be flying.
If you know how much i dislike Funmi, you would know that that is a compliment of the highest order.
The day i saw Kel (the rapper) on Moment with Mo,i just said to myself 'fake jam fake', this is an interesting collabo.
unmi is passionate about her topics, intelligent about them and is able to connect in a Nigerian way.

so EFCC now settles family matter?
very soon they will settle bedroom issues.

nuzo:
Kola made away with all the loot, leaving his siblings to suffer.
That guy is unbelievable!

how do you feel comfortable making such comments?
how do you know?
this is not a political matter but an internal family affair.comment with some sense of decency.

By Ademola Adeyemo, 10.14.2009

Former Head of State, Major General Mohammed Buhari (rtd), former Vice President Atiku Abubakar and other leaders of the opposition parties pushing for political reform will tomorrow appear before the Committee on the review of the 1999 constitution in Abuja to present a joint memorandum at the public hearing organised by the committee
The leaders, under the aegis of Mega Summit Movement (MSM) had resolved to attend the public hearing organised by the Senate to advance their current campaign for a popular political reform in the country.
The committee is organising a three-day public hearing on the review of the 1999 constitution. The leaders who are proposing the formation of a Mega party had earlier contacted the committee in Kaduna last weekend on their intention to present a joint memorandum at the hearing.
A statement issued yesterday by the MSM Director of publicity, Alhaji San Turaki, said the Mega Summit delegation will include Atiku, former Secretary to the Federal Government, Chief Olu Falae, Dim Odumegwu Ojukwu, Dr Tunji Braiwaite, Former Governor of Sokoto State, Alhaji Atahiru Bafarawa, former Governor of Lagos State, Alhaji Lateef Jakande
Others are former Governor of Kaduna State, Alhaji Balarabe Musa, Chief Ayo Adebanjo, Prof Pat Utomi, Alhaji Lawan Keita, Chieftain of the Action Congress, Chief Rasheed Shitta-Bey, Dr Sule Hamma, Mr Femi Falana, Sir Olawale Okunniyi, MSM Head of Secretariat, Mr Dan Nwanyanwu, Chairman of Labour Party and APGA chairman, Chief Victor Umeh.
According to Turaki, the National Summit on the future of Democracy, postponed recently to allow more consultations, has now been rescheduled to hold from Monday, 23 to Tuesday, 24 November, 2009 in Abuja.
The leaders are expected to canvass the inclusive process of reform as it relates to chapter 9 of the constitution, democratic composition of INEC and independent appointment of INEC Chairman, transparent voting system, proportional representation, true federal system, justifiability of Chapters 2 and 4 of the 1999 constitution, among others, at the hearing.

ritchboy:
God must have been so un-concerned by global warming, escalating gas prices, ASU strike etc he decided to "reveal" the manner in which nigeria scored a goal to mr josh?
fukc 25-life, these clowns should be buried alive in the respective "evil forests" of their respective villages

maybe football is one of God's hobbies.

tonjoan:
My dear brother, let me start by saying that I have not and never will imply that T.B Joshua isnt with the power to see wat could happen in the nearest or farthest future,but I need to say that it doesnt take only a true or false prophet of God to do so as para psychologists,meta physists,traditional medicine practitioners,even outright evil juju priests. These all do sometimes foretell the future. Should we now call Nostradamus a PROPHET of God?
My issue with T.B joshua dates back to over a decade and half now as I have had opportunities to meet people whose lives turned out misrable after encountering this man. I am aware I say this on a medium that is very popular and so cant concoct tales out of the blues. I am a very devout christian and believe so strongly in the miraculous power of God as I know the gospel isnt complete without the demonstartion of the awesomeness of God through signs and wonders. If I do not believe in miracles then I serve a dead God as HE (GOD) has countless times shown me his mighty hands.
Lets start by asking a few simple qustions:
1. where did T.B Joshua get born again?
2. which church did he experience his spiritual growings?
3. Why are most past associates of his going to the press to tell of his evil practices?
4. why have women always come with the story for close to 2 decades now of being sexually molested in thier dreams by this man?
5. How do we explain the big cross in small bottles of liquid mixtures he gives to worshippers in his synagogue?
6. Why would his members be given a locket of his picture in it to use to pray whenever they want pray?

like I said I want to leave it to these few questions for now. I wonder how many other prophets or pastors out there have had same set of questions hanging on them and begging for answers for over a decade and half now. Prophets are human and so bedevilled with frailties but not these.
I shall not seek to dissuade you from believing in him or following after him but I shall not drop my opinion and knowledge of him either. I know too much to be convinced

very intelligent, logical and rational post.
spiritual without being offending and no swear or curse words.
These are the kind o posts that drew me to Nairaland.
I hope the persons concerned will reply in like manner.

Kel's fake accent smells of insecurity.
it irritates my ear.

all these album sales wey dem de pull out of butt hole.
see their mouth like 3 million, 7 million and 1.2million.
i am one of Faze biggest fans but i am not naive nor stupid.
next thing Dbanj or tuface go say him don sell 50million copies.

koolchicco:
Well,Jude's statement in this interview did suggest they own the house rather they decided to rent.

Naija Landlords.Kai!

can you explain the highlighted statement? id does not make sense.
i they own the house, then they are the landlords.
they either own it or not.
the fact that they have a landlord means they are tenants.
all these unnecessary explanations.

there is a total lack o professionalism among nigerian top artistes.
it shines though even in their private life.
no be to just dey wear funny bling bling and sagging pants.
these guys and gals need to behave like the stars they claim to be.

styrax:
Do people still do business like that, committing over 5 million naira based on verbal agreement?!

This is serious

i tire.

citizenY:
@REALTRUTH

Please tell yourself the real truth. Abiola is one big bundle of contradictions that stole his way into

our hearts with a combination of razzmatazz, steady cash and native intelligence. I do not by any

chance deny his prominence in the Nigerian struggle but he hunted with dogs in the first instance .

Somewhere along the line ,he had to run with the rabbits (us).

As events later proved and the facts are becoming clearer. we cannot ignore the fact that he became

born again democrat. So the issue of coups, his relation and business affairs with the military, ITT etc

are well known. You cannot run away from them, just like June 12.

The home truth as to whether he could have made a good president, lies in conjecture

gbam!!
and again i say, gbam!!!

my fears have long been actualized and exceeded.
I have given up years ago.
I have no other country, apart from the fact that it is the only passport i carry, i feel like an orphan.
The only thing holding this country is religion and oil.
religion because it provide the masses unimaginable hope and oil because the thieving rapist elite will always come to a compromise as long as their is more to loot.

South Africa and Botswana girls.
If you like your woman well endowed, look no further.
the typical african package.

remoranger:
just a qucik question,

do you guyz get paid?

i think this is an NGO, in that case the answer is No.
moderators, i lie??

MrCrackles:
Two things,

What kind of name is that, Government

And besides, why is the guy looking scruffy, unkept and haggard

ND people answer all sorts of names; govt, big man, Heineken, Gulder etc.
so it is not anything new.

on the second issue, i looked at the pics several times and i was wondering who was the militant therein.

I hope these weapons will not be used for 2011? 'This is the greatest day in Nigeria' indeed. these crooks have an inflated opinion of themselves. cynics like us are watching.Lets see how you can cure skin cancer using Eczema medication. I hope all the billions allocated or this amnesty program will be accounted for? Instead of Tompolo and his associates to use their might and heart in dealing with the crooks who have helped in raping their area, they were busy bursting pipelines, polluting their environment, kidnapping and killing foreigners and collecting ransom. This is a missed opportunity and i am certain that nothing has and will change. Wait for 2011 and see these bandits return back to the scene. rather still wait and see how the largese is shared amongst his boys after the amnesty.

mikeansy:
Government Ekpelumo
Asari Dokubo
Ateke Tom
General Boyloaf

All have made money and want to be re-integrated into the society. This whole Amnesty deal is nothing more than a photo op between the militants and the President. And from recent new it looks like Yar'adua is very obsessed with the photo op.

But what we have seen is that when these militant leaders leave the scene another leader always emerge and the rest of the country and security forces will spend another 6 - 12 months learning who they are and how they operate.

I think Government should stop trying to circumvent the real issue by signing amnesty deals with militants who have made money for themselves and would rather want to spend more time enjoying their largesse.

The only solution is addressing the infrastructural problems, tackling corruption, devolution and resource control.
That way the battle for hearts and minds will be lost by the militants and anybody threatening the peace of the rest of us will be declared an enemy of state and every nook and crany of the country will support the full might of the state falling on them.

But right now that is not the case because these peace deals with only those who had the temerity to carry guns against the state does not put food on the table of the man from oloibiri and infact gives more younger people more reason to go into militancy than not.
At least that seems the only way to get Government attention.

God bless you, my brother.

Didier Drogba.

Utali:
Somebody help oo, Emmanuel TV is driving my mum crazy! she sits up watching and shouting Amen, Amen, Yes Lord

take her for deliverance urgently.

who be Mary B?