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PoliticsRe: Meet The People Who Jogged From Owerri To Orlu To Celebrate Rochas' Victory.pix by merengue: 2:49pm On Apr 29, 2015
FreeGlobe:
why is rochas bent on importing his almajiri and yoruba lifestyle into the SE? I feel imo state should be cut off from south east until they they get it right. smh
The absence of sense in this post is truly astounding.
PoliticsRe: This Yam, This Goat, This Country; PWC And NNPC – Part 1 By Feyi Fawehinmi by merengue(op): 12:09pm On Apr 29, 2015
More infographs

PoliticsThis Yam, This Goat, This Country; PWC And NNPC – Part 1 By Feyi Fawehinmi by merengue(op):
http://aguntasolo.com/2015/04/29/this-yam-this-goat-this-country-part-1/

Friends and countrymen; I beseech you by the mercies of God that ye do whatsoever it is within thine powers to prevent a frolic between the yam and the goat. For, as surely as the rising and setting of the sun, such an enterprise yieldeth only corruption, nay a sad ending for the yam” – Goodluck The Jonathan, First of His Name

Finally, we get a chance to see what PwC, the auditors, saw when they looked into the black hole that is NNPC. The full report is here (200 pages). It is not pretty.

I am not an oil and gas expert and much of the industry and how it works confuses me. But the PwC report is written in English so let’s try to parse it.

Remember The King?

A quick recap of what started all of this – King Mohammed Sanusi II, in his former life as SLS, the Central Bank Governor, told the nation that, based on what he had calculated, NNPC sold $67bn worth of crude in the period from January 2012 to July 2013. He then said that as custodian of the nation’s purse, he had only received $47bn of this amount. In other words, up to $20bn of the money was not accounted for.

Contrary to popular perception, SLS never did say the money had been stolen and he certainly didn’t name any names in his 300 page report submitted to the National Assembly. His main issue at the time was that, as CBN Governor, his job was to manage the exchange rate and the nation’s reserves. If there was $20bn out there in the wild, then his job was being made a lot harder than it needed to be.

He identified 3 ways in which the country was losing money as follows

1. Strategic Partnership Agreements – In 2011, as part of the efforts to promote local content, Shell sold its shares in 5 oil fields where NNPC was the majority shareholder. Shell had been the operator of these oil wells but NNPC awarded the operator rights to its subsidiary NPDC i.e. it allowed Shell to sell its shares but not the rights to operate them as it previously did.

NPDC then signed an ‘agreement’ worth almost $7bn with Seven Energy (3 fields) and Atlantic Energy (2 fields) for them to operate the fields. These companies of course had no clue how to operate the oil fields – Atlantic was registered as a company the day before it signed the agreement – so of course they sub-contracted the work to other companies. Seven Energy’s contract entitled it to 10% of the profits from the 3 fields while Atlantic was entitled to 30% of profits in its 2 fields.

SLS complaint was that these 2 companies were pointless and were just collecting money that should have accrued to Nigeria for doing nothing. Why didn’t NPDC just sub-contract the work by itself? The 2 companies also did not pay any taxes or royalties whatsoever to Nigeria.

2. Kerosene Subsidies – This one is fairly straightforward to understand. SLS did an analysis of kerosene prices in all 36 states of the federation in his report and found that prices ranged from N170 to N270 per litre.

Importers bring in kerosene and sell it to government at N140/litre. The government then sells it to local retailers at N40/litre with the understanding that they sell it to the ‘common man’ at N50/litre i.e government subsidises it by N100/litre. The retailers take the kerosene and sell it for what they like as stated above.

There is no sweeter corruption than this one. According to SLS, Nigeria was spending $100m per month on this pointless exercise. Not a single Nigerian anywhere bought kerosene for the ‘official’ N50/litre.

3. Swaps – Even with all the money going into NNPC, like a true apa, it is always broke. Due to the semi-dead refineries we have, NNPC of course has to import refined products (petrol and kerosene) but it often doesn’t have the money to pay importers in cash. So what it does it tell importers to import the refined products, then calculates the value of that product in crude oil and pays the importers with crude oil. This is how human beings traded before money was invented – trade by barter.

The problem here is that SLS said he had no idea how the amount of crude to be swapped for refined products was calculated. All he was able to find was that at one point, NNPC was ‘swapping’ 200,000 barrels of crude per day. That is a lot of crude. Did Nigeria get that much value in refined products? Who knows?

Enter PWC

The first thing to note is that PwC was asked to investigate all money due to the federation from crude sales to see what had been remitted and what, if any, was outstanding. It did NOT investigate the swaps or the Strategic Partnership Agreements as those were not part of its remit.

So what did it find? That the total revenues for the period in question were $69bn and not $67bn as stated by SLS. It had also remitted $50.8bn and not $47bn as initially thought. So, there was still a gap of roughly $20bn to be explained as before.

Somehow NNPC managed to overpay $740m to the federation account if we accept its own numbers. As we shall see; NNPC cannot count, it cannot buy, it cannot sell.

Based on this, we can conclude that ‘no money is missing’ and close the case. Afterall, the numbers have been made to add up one way or the other – the $20bn that we thought was missing has been accounted for wan kain, as the outgoing President is wont to say.

But who or what gives NNPC the right to withhold nearly 30% of the money it receives on behalf of Nigeria and then spend it as it wishes? Here we have a goat locked in a room alone with a yam and no one to supervise what’s going on.

PWC’s opinion is that this practice of withholding money and then spending as it sees fit is highly dubious and that the NNPC act needs a legal opinion to determine whether it has the right to do this. What stops NNPC (the goat) from withholding 50% of revenues (the yam) and then telling us later that it spent it on one thing or the other? Based on this, nothing.

Kerosene Subsidy

From the chart above, we can see that the biggest expense in the accounting of the ‘missing’ $20bn is the petrol and kerosene subsidy at $8.7bn. Of this amount, NNPC claimed to have spent $3.38bn on kerosene subsidy. Yet, whether or not subsidy should have been paid was doubtful in the first place. Here’s the gist of what happened


In other words – anyhowness. Between President Yar’Adua who cancelled the subsidy but did not gazette it (perhaps because he was trying to avoid a public outcry) and President Jonathan who ‘unlooked’ Yar’Adua’s cancellation, NNPC stuck its fingers in its ears and continued paying the subsidy. A lot of magic happened as a result.


First, PWC found $40m of kerosene subsidy payments were duplicated (see above). That is, subsidy was paid to the same marketer twice or more for the exact same kerosene. This was apparently a ‘mistake’. But even if we accept this, there’s more.


The table above shows how NNPC is supposed to calculate subsidy on kerosene. That N34.51 is what it costs to get it to Nigeria. In other words, NNPC is supposed to sell it to marketers at that price (N34.51) and the marketers then sell to consumers at N50 – the difference of N15.49 being used to cover all their costs and a profit margin.

Instead, NNPC sells the kerosene to marketers at N40.90 i.e. taking some of the profit margin for itself. Why it does this, is a mystery. Nevertheless, when NNPC was calculating subsidy to be deducted (remember the yam and the goat are together), it used the figure of N34.51 even though it sold it to marketers at N40.90. In other words, NNPC charged marketers for a cost and also charged Nigeria for the same cost. This overcharging of subsidy on kerosene came to a cool $204m in total.

Nobody Is Above Mistake

It’s not easy for NNPC. When you are counting so much money, you are bound to make one or two mistakes here and there. It is these ‘mistakes’ that yielded the $1.48bn PwC asked NNPC to pay back to the federation. Some of these errors are as simple as wrongly adding a column in excel. These addition errors came to $40m.

There was also the overclaim of subsidies on petrol and kerosene (as described above). As well as other monies that should have been paid to the federation and were not paid. The table below shows the breakdown of the $1.48bn.


One must ask – if PWC hadn’t gone in to audit the place, would NNPC have just let a $40m addition error go on like its nothing? The mind boggles.

Money Wey No Get Receipt

As part of the accounting for the difference of $20bn between what was received and what was paid to the federation, NNPC submitted some other costs it claimed it had incurred as part of its operations. In total, these costs came to just $2.8bn as shown below


As an auditor, when someone tells you they have spent this amount of money, what do you do? You guessed right, you ask for receipts.

A big chunk of the costs were for pipeline maintenance contracts. Anyway, NNPC could not provide any evidence for $305m of the money it claimed to have spent as the breakdown below shows


Perhaps it thought PwC won’t ask for evidence. Some of it is quite hilarious (one must laugh when one cannot cry). In January and March 2012, it claimed to have paid salaries totalling $14m. No evidence to back it up. In November 2012, it claimed to have paid another $6m in salaries. Again, no evidence to back it up. Who was it paid to? Mr Who.

Almost $60m went on ‘charter hire’. To charter what? When you find out, tell me (Actually I know what this ‘charter’ is – it is the payment for the Petroleum Minister’s jet i.e. NNPC was paying for the cost of purchasing the jet on her behalf. But please don’t quote me). For January 2013, it entered a cost of $31m. But PwC found that this was the same cost it had claimed in 2012. When asked for the evidence for the January 2013 payment, it presented the same evidence as the one for January 2012. It claims to have spent $2.6m on buying cars. No evidence. $48m ‘right of way’ costs. No evidence. And so on and so forth.

Also, as you can see from above, in return for all the selfless and glorious work NNPC is doing for the country, it paid itself a total of $1.5bn in salaries for the 18 months in question that PwC looked into.

NPDC – Awon Bad Guys

When some people commit murder in broad daylight. They don’t run away. They light a cigar and sit down beside the dead body waiting for police to arrive. When the police arrive and ask who killed the person, they confidently say it was them. People like these are known as bad guys and NPDC is one of such people.

NPDC refused to cooperate with PWC for the audit. It did not submit any information or provide any help.


PWC then had to obtain information from a variety of sources (including NPDC’s website) to try to ascertain how much exactly it should have paid to the federation.


NPDC was summoned to the Senate sometime last year and they gave a presentation of their operations. The $6.815bn figure above in the NPDC column is what they claimed as the amount of oil they lifted. PwC also tried to verify this with the Department of Petroleum Resources (DPR) who gave them the $6.886bn figure. Finally, PwC tried to calculate the figures themselves and ended up with the $5.6bn figure.

Because they are bad guys, NPDC calculated its own tax and decided that the amount it was owing to FIRS in taxes was $1.14bn. Out of this amount, it claimed that it had graciously paid $863m to FIRS but does not yet feel like paying the rest. However, it was discovered that the actual amount it paid was $838m and that the $26m difference was due to a ‘mistake’ in counting the same payment twice.

All told, NPDC is holding on to $5.11bn that it has not remitted to NNPC (NNPC is the owner of NPDC so it should collect the money from NPDC and send to the federation account). This is PwC’s conservative estimate of what NPDC has withheld from Nigeria. Perhaps when the time comes for them to pay the money, in keeping with the goat and yam principle, they might tell us that they spent half of it on ‘costs’ and can only remit $2bn or something. We await that day.

Sorry For Your Loss

Other monies are missing. But what can we do? This is the tragedy of the goat and the yam. NNPC claims that crude oil theft and pipeline vandalism cost it $760m in the period in question. It is unfortunate.

NNPC also holds strategic reserves of petroleum products for the country. It is not free to hold these things and so the holding costs amounted to $460m in the period in question. These costs are made up of demurrage costs ($207m) and charges by Nigerian Ports Authority ($252m). Of the demurrage costs, $64m could not be verified while the entire $252m claimed to have been paid to NPA could not be supported by a single document as backing evidence.

#Forwards

The rest of the points raised are not things I understand very well so I have skipped them. But I think the above captures the gist of what has gone on.

So what can we do about this goat of a corporation? The rot in the place must be from ceiling to floor and you really cannot jail everybody there. A lot of the missing money will also never be recovered. So as much as people must be decisively punished for what has happened, how do we move ‘forwards’ and ensure this doesn’t happen again?

2,300 words is enough for one blog post so watch out for Part 2.

PoliticsRe: Group Worried About The Influx Of Ex-Governors Into Senate by merengue: 10:52am On Apr 27, 2015
There is actually nothing wrong with former governors going to the senate. All over the world, it is a norm and is even encouraged. As at 2012, the US Senate had 10 ex governors in its fold. https://whatwouldspideydo./2012/05/15/why-do-so-few-governors-become-senators/.

What worries one though are the motives for their entry; it is as if they cannot stand being outside the corridors of power. While Saraki has been vocal on issues, Akume, Yerima, Adamu and the ones in the senate between 2011-2015 were next to useless. As much as I admire people like Kwankwaso & Akapbio for their developmental efforts; I strongly suspect that they will not be committed to their senatorial duties with most having eyes on the presidency in 2019. As for failures like Jang, Dariye, Ochendo et al; thunder fire them!!!!!!!!
PoliticsRe: Probe Electoral Fraud In South- East --- APGA Urges Buhari by merengue: 10:37am On Apr 27, 2015
These APGA people deserve to be taken to all the market squares in the East and publicly flogged. You invited termites into your home and you are now complaining that your house is collapsing. They say those who fail to learn from history are doomed to repeat it. Osoba, Adefarasin, Adebayo and the other dummies who were AD governors in 1999 made the same devilish deal with OBJ and we all know what happened, For the sake of the SE though, I hope Obiano stays in APGA and applies the Jagabanic principles to make APGA a formidable platform IN 2019. PDP has nothing to offer the SE.
Shame on traitors like Peter Obi & to a lesser extent; Rochas Okorocha who could have started the transformation of APGA earlier.
WebmastersRe: How Can I Make My Blog Appear On Top Google Search by merengue: 5:07pm On Apr 24, 2015
1. SEO is key
2. Make sure your blog is configured in a way that makes it search engine/social media friendly
3. Cant over stress the importance of keywords, tags, properly arranged URLs.
4. Content should be as informative & as original as possible (do not copy those useless entertainment blogs).
5. Choose a niche, stick to it and work to improve it.
6. Try to make it accessible on as many platforms as possible (mobile, desktop, et al).

Download the Google SEO PDF Guide, it will help you immensely; http:///1nSghU5
PoliticsRe: INFRASONIC WEAPONS Behind Synagogue Collapse - EXPERT by merengue: 4:12pm On Apr 24, 2015
Infrasonic weapons my sweet black hinny. This "expert" is worse than a goat. So this is how T.B Joshua (the man who prophesies after events have already happened) is going to get away with manslaughter? There Was A Country.
LiteratureRe: Top 10 Nigerian Writers Of All Time. by merengue: 4:07pm On Apr 24, 2015
Rossikk:
Ben Okri is very much alive.
My bad, meant to say late Christopher Okigbo. Thanks for pointing it out.
Jokes EtcChinese Casanova With 17 Girlfriends Is Caught Out After Being In An Accident by merengue(op): 3:53pm On Apr 24, 2015
A Chinese man recovering in hospital after a car crash had a shock - when all 17 of his girlfriends turned up to see him.

Mr Yuan, from Changsha, was involved in the accident on March 24 and has been in hospital ever since.

None of the women knew he had been seeing anyone else - some for up to nine years - and one even had a son with him.

The women discovered his secret after doctors contacted all of them to let them know he had been injured.

Xiao Li, who had been seeing Mr Yuan for 18 months, said: 'I was really worried when I heard that he was in hospital.

'But when I started seeing more and more beautiful girls show up, I couldn't cry any more.'

Other girls said they had started planning their weddings with Mr Yuan.

Wang Fang, the mother of his son, added: 'What can I do now? I don't love him any more, but I do love my son.'

The women have now set up an online Facebook group so they can all chat and are quickly discovering just how much he hid from them, South China Morning Post reported.

Police have launched an investigation into allegations of fraud. It is too early to say if the girlfriends were victims of a scam, officials added.
CrimeItalian Authorities: Terror Suspects Planned Vatican Attack by merengue(op): 3:45pm On Apr 24, 2015
MILAN (AP) — Islamic extremists suspected in a bomb attack in a Pakistani market that killed more than 100 people had also planned an attack against the Vatican in 2010 that was never carried out, an Italian prosecutor said Friday.

http://news.yahoo.com/italian-police-sweep-terror-suspects-071500909.html

Wiretaps collected as part of an investigation into an Islamic terror network operating in Italy gave "signals of some preparation for a possible attack" at the Vatican, prosecutor Mauro Mura told a news conference in Cagliari, Sardinia. That included the arrival in Rome of a Pakistani suicide bomber, Mura said.

The Pakistani eventually left Italy, Mura said, without explaining why. The Italian news agency ANSA reported that there were two suicide bombers and that they were warned off by their associates in Italy when police began executing search warrants in the case.

The Vatican downplayed the significance of the alleged plot.

"From what it appears, this concerns a hypothesis that dates from 2010 which didn't occur. It has therefore no relevance today and no reason for particular concern," the Rev. Federico Lombardi.

The news of the planned attack came as police said they arrested nine suspected extremists accused of plotting terror in Pakistan aimed at stopping that government's actions against the Taliban. Arrest warrants were being executed against some 20 suspects.

At the time of the suspected plot to bomb the Vatican, Pope Benedict XVI was still reeling from the effects in the Muslim world of a 2006 speech in Regensburg, Germany, in which he quoted a Byzantine emperor who characterized some of the teachings of the Prophet Muhammad as "evil and inhuman," particularly "his command to spread by the sword the faith."

While relations with the Muslim world were eventually repaired, tensions flared again in 2011 when Cairo's al-Azhar institute, the pre-eminent theological school of Sunni Islam, suspended interfaith talks with the Vatican after Benedict called for greater protections for Egypt's minority Christians.

More recently, Italian officials have made clear they take seriously the threat of the Islamic State group to conquer Rome and the seat of Christianity. Security has been beefed up at the Vatican and the head of the Swiss Guards has said they are ready but that they have no information about an imminent threat.

Pope Francis himself has said he realizes he may be a target but that he fears mostly for the innocent crowds who come to see him every time he's in public.

The investigation was launched in 2005, but Mura said it was slowed when news of the investigation leaked to the media, alerting the suspects that they were being watched.

Authorities said some of the suspects sought in the probe were responsible for "numerous bloody acts of terrorism in Pakistan," including the October 2009 explosion in a market in Peshawar in which more than 100 people died. That attack happened on the same day that then-Secretary of State Hillary Clinton visited the Pakistani capital, Islamabad, Mura noted.

One of the suspects arrested Friday had a construction business in Sardinia that participated in work for a Group of Eight summit planned for Sardinia but that was later moved to quake-stricken Aquilia, in Abruzzo to boost reconstruction.

Mura also said some of the suspects had very close ties to al Qaida leader Osama bin Laden, and that wiretaps included phone calls inquiring about his health.

Police said the aim of the terror network was to create an insurrection against the Pakistani government.
BusinessRe: 103 Nigerian Products Rejected Abroad –FG by merengue: 1:50pm On Apr 24, 2015
Sadness inducing news. Maybe now , we can stop this "Giant of Africa" nonsense and actually begin to get things done.
PoliticsRe: My Life Is In Danger - Abia Female REC by merengue: 10:30am On Apr 24, 2015
hassan85:
APGA is one of d most stupid parties in nigeria. How do u sleep with a prostitute and wake up to tel the world ur money is missing? Apga gave pdp dia mandate, now de want d world to see d bads in pdp, wen apc told them, ndigbo said no! Its okorocha dts bad. Fact Apga should have win ds election but now i dont see it dt way. Good for dem. Good for dia continous confusion. Now ndigbo in abia shld stop d contradiction vote ur usual Hero and Role model PDP. Idiots.
Too much sense in this post, kudos.
PoliticsRe: Meet The 4 New Female Deputy Governors-Elect In Nigeria by merengue: 9:35am On Apr 24, 2015
I am hopeful that they will have important roles to play, not just women affairs and so on.
CrimeRe: Woman Dies After Mistakenly Taking Poisoned Soup Prepared For Cheating Husband by merengue: 5:13pm On Apr 23, 2015
This story has more holes than a locally woven basket.
CrimeRe: How Indian Defrauded Nigerian Banks Of N32b, Court Told! by merengue: 11:14am On Apr 22, 2015
How did it get to this extent and no one in the affected banks suspected foul play? I smell a rat.
FashionRe: Miss United Nations Nigeria Records Massive Turn Out At Enugu Zonal Audition by merengue: 4:19pm On Apr 21, 2015
Are these girls hot because the sun was shining on the day of the audition? Because as far as hotness due to looks go; them no be am at all.
CrimeRe: Xenophobia: Gang Leader Of Xenophobia Promised To Execute More Foreigners (video by merengue: 3:46pm On Apr 21, 2015
SMH
HealthRe: Photos From General Hospital Otukpo, Benue State by merengue: 2:43pm On Apr 21, 2015
SamConquer:
Seriously,Seriously,People really wow me with there reasoning.When has David Mark become a member or management of the General Hospital.Everybody just shouting David Mark.I am sure who ever posted This pic has achieved His/Her aim.But any true daughter/Son of idomaland should be proud of David Mark.
Through D.Mark there is now tap water at the front of almost all residence of otukpo people.
He technically gave minister of interior to an idoma man even though TIV is the majority and through that ministry a lot of Idoma sons and daughters have being recruited in the Army,Custom,Police e.t.c
Should I talk of the numerous scholarships?
This year's elections was free and fair and if D.Mark did not worth it he would Not have won it.
To the "outsiders" who know nothing other than criticize,Just keep shut for what you know nothing about.
To whom Brain is given Sense is expected.

You are truly an ignorant Adaba. No wonder our police is the way it is given that untrained, animalistic and unintelligent tribesmen of one big oga find themselves employed.
LiteratureRe: Top 10 Nigerian Writers Of All Time. by merengue: 2:34pm On Apr 21, 2015
What methodology was used to arrive at this list? It is a very poor representation of over 60 years of rich literature. Have no argument with names like Achebe, Soyinka, Osofisan but it is an absolute joke that you have people like Chimamanda Adichie & Helon Habila over Nigerian literary icons like Cyprian Ekwensi, Ola Rotimi, Flora Nwapa, late Ben Okri? A list for the older generation and another for the younger generation would have been better.
1 Like
BusinessRe: Xenophobia: MTN Nigeria Warns Of 6,000 Job Losses by merengue: 10:46am On Apr 21, 2015
medar:
He is right but he should have presented that better. He made it sound like Nigeria needs MTN more than it needs Nigerians. All he said is how much problem the closure of the company would bring to Nigeria. He sounded as if the company is running a charity organisation in Nigeria, as if they are not reaping us off.
I believe in a diplomatic approach to ending the xenophobic attacks but all south Africans should stand up to say no to this barbaric acts of their people.
Truer words were never spoken. The arrogance in the statement is nauseating.
HealthGiant Hornets Kill 41 People In China by merengue(op): 9:27am On Oct 03, 2013
http://edition.cnn.com/2013/10/03/world/asia/hornet-attack-china/index.html?on.cnn=1&hpt=hp_c3

A A A (resize font)
Hong Kong (CNN) - Swarms of aggressive hornets, in their fall mating season, are inflicting a deadly toll in a central Chinese province.

Hornets have killed 41 people and injured 1,675 people in three cities in Shaanxi province since July, according to the local government. Thirty-seven patients remain in critical or serious condition.

Over the summer and early fall, giant hornets have invaded schools full of children and descended upon unsuspecting farm workers.

One of them is Mu Conghui, a woman who was attacked in Ankang City while looking after her millet crop.

"The hornets were horrifying," she told Xinhua, the Chinese state-run news agency. "They hit right at my head and covered my legs. All of a sudden I was stung and I couldn't move.

"Even now, my legs are covered with sting holes."

Two months, 13 dialysis treatments and 200 stitches later, Mu still remains hospitalized and unable to move her legs.

The influx of venom to the human body can cause allergic reactions and multiple organ failure leading to death. Patients like Mu have been receiving dialysis to remove the toxins from her body. In photos, patients bore deep dark craters scattered across their limbs, the size of bullet wounds.

Government authorities say these attacks are from a particularly venomous species, the world's largest hornet, known as the Asian giant hornet or vespa mandarinia.

The giant hornet extends about 3.5 to 3.9 centimeters in length, roughly the size of a human thumb. It has an orange head with a black tooth used for burrowing, according to an animal database at the University of Michigan.

CNN's Madison Park wrote and reported from Hong Kong, Dayu Zhang reported from
RomanceRe: Why Sex Should Be After Marriage by merengue: 9:46am On Sep 27, 2013
Lawdy Lord!!!!!!!!!!!! grin grin grin Nigerian Christians, double standards, hypocrisy and all round idiocy; just another day at the office.
PoliticsRe: Eko Atlantic City To Have 1,200 Skyscrapers by merengue: 9:47am On Sep 20, 2013
The idiocy of those criticizing this project amuses me to no end. This project is going to be beneficial to all Lagosians and here is why:

1. With EAC, the elite will want to move there, this means that prices of real estate in adjoining areas like V.I, Ikoyi, Lekki will fall making them more affordable for the middle and lower income classes.

2. Depopulation of the ridiculously choked V.I and Ikoyi corridor

3. More construction means more jobs for the populace.

4. Increased foreign investment = more jobs, increased purchasing power, better economy e.t.c.


Anyway you look at it, its a win-win situation and I am all for it.
PoliticsRe: Govt Merges EFCC, ICPC; Scraps BPE, NAPEP, Six Other Agencies by merengue: 2:48pm On Jul 02, 2013
Commendable move by the F.G but it shouldn't stop there, this country needs deep and lasting cuts in recurrent expenditure if we are to get out of the s**thole we have been digging for ourselves for the past 52 years. It will amount to nothing if poor workers are thrown into the labour market while the savings from their salaries and allowances are still being frittered away in catering for a lot of useless political appointees as well as the NASS.

I will like to see the following:

1. Reduction in the number of Ministries (currently standing at 27) and their agencies, departments and parastatels. Scrap useless ministries like Women Affairs, Special Duties, Niger Delta Affairs, Police, etc.
2. Merging of MDAs; we are not the U.S.A or China, we can't afford such lavish spending of over 60% of our budget on recurrent expenditure.
3. Stoppage of government involvement in subsidizing useless things like pilgrimages and gradual reduction and eventual stoppage of fuel subsidies.
4. Massive Reduction in the number of SSAs, SAs, PAs and political appointees starting from GEJ himself who has 20 special advisers and go back to the system under OBJ where each minister was allowed a maximum of two SAs or PAs (according to El-Rufai and Okonjo-Iweala)
5. Repetition of all previous steps at state and local government level.
SportsRe: Nigeria Vs Uruguay - Player Rating by merengue: 11:00am On Jun 21, 2013
DailyNews: I was disappointed last night, amidst all effort I made not to sleep off in order to catch the full glimpse of the game that ended in a heartbreak.

Honestly, Super Eagles need a sharp striker with the following skills:

1. Dribbling at high speed
2. Fast pace like Cristiano Ronaldo/Arjen Robben/Bale

And we also need to learn how to use wings like Man U and Bayern Munich. Wingers play a vital role in soccer, but unfortunately we hardly utilize our wings.

Can't Nigeria ever have strikers like: Bale, Cristiano Ronaldo, Didier Drogba or at least Fabregas pls? Is high time Keshi look for a fast paced striker with excellent dribbling skills to convert goals for us.

Enough of those passing ball front and back pls....still under the shock. Sighs
Oga enough with the simple minded analysis. How on earth is Keshi supposed to produce all these players you are asking for; is he God? We have no proper academies, we always field over aged people at age group level; players who fade off after a few years, we no longer have the quality we used to have (as evidenced by the type of club sides most of our players play for), our league is a joke, our football administrators are gutter trash e.t.c. Abeg, Keshi is performing miracles with this very average team.
SportsRe: Nigeria Vs Uruguay - Confederations Cup: (1 - 2) On 20th June 2013 by merengue: 1:37am On Jun 21, 2013
I think we need to be honest with ourselves; this team may be champions in Africa but can't cut it on the world stage. Big kudos to Keshi for getting them to play as cohesively as they have been doing but there are too many limited and pedestrian players in that team (Musa, Ogu, Ambrose, Ideye et al). The talent pool isn't as good as it used to be, thanks to the inept buffoons who have been destroying our football for years now. We aren't actually that different from our friends; the British (English, Scottish, Irish, Welsh) football teams. Our football has stagnated.
SportsRe: Spain Vs Tahiti - Confederations Cup: (10 - 0) On 20th June 2013 by merengue: 9:41pm On Jun 20, 2013
Afam4eva: Just compare the mentality of these Spaniards with that of the Super Eagles. Despite the fact that these people have scored 9 goals, they're playing like they're on the losing side and hoping to score more. If possible make it 20. But our own SE. Once they come against an inferior side, their ego will grow taller than mount Everest and they will want to show themselves. The difference between advanced countries and third world countries in the mentality. The reason why no African nation has won the world cup is not because we don't have an archipelago of good players but because of our psychology to life generally. We need to work on that.
I need to dash you a carton of beer for this post, e make sense die.
SportsRe: Spain Vs Tahiti - Confederations Cup: (10 - 0) On 20th June 2013 by merengue: 8:29pm On Jun 20, 2013
Spain should rack up a cricket score and secure qualification tonight. Any other result leaves them needing a big performance against the Eagles and that is not something I want.
PoliticsRe: Amaechi Re-elected As Chairman Of Nigeria Governors Forum by merengue: 7:28am On May 25, 2013
That we are making so much noise about an inconsequential post like this shows how unserious we are as a nation. GEJ and his cohorts displayed their usual ineptitude in their attempts to remove Amaechi . This allowed Amaechi to portray himself as a victim, provided a rallying point for the opposition and elevate the stature of the NGF chairmanship to ridiculous levels. The heat on Amaechi will increase but he has put himself in a strong bargaining position
PoliticsRe: Anti-Amaechi Protests In Port Harcourt - Picture by merengue: 11:46am On May 23, 2013
The foolishness behind this protest is staggering, its a protest by rented Ijaw militant scum against an Ikwerre governor over a matter of whose balls are bigger and whose ego needs more massaging; if Nigeria's history is anything to go by, it will become tribal and violent and any insecurity in Rivers will spill over and end up in Bayelsa and then who loses? Amaechi has been foolish and has failed to learn from the foolishness of Fayose and Daniel who went toe to toe with OBJ and ended up losing big time. He should bide his time and be more strategic, you don't fight a president in Nigeria unless you govern a state like Lagos. Unfortunate as it is, the truth is that whosoever wins the PDP primaries (if any) will win the presidency in 2015 and from all indications, its GEJ; he holds all the aces.
GEJ and his Ijaw people have made a lot of enemies by their arrogant posturing and infantile declarations in his few years in power so far (even in the Niger Delta and I suspect they will make more before 2019). They should thread carefully.
PoliticsRe: Dickson Alleges Plot To Destabilise Bayelsa by merengue: 11:28am On May 23, 2013
thelastpope10: I have told you guys to stop commenting on ND because you surely know nothing about the ND. GEJ 2015 is bigger than GEJ himself and even he knows that. We don't need a useless northern slave VP from Amaechi. We will chase him into the Atlantic. GEJ does not need to raise a finger.

Stick to your 10MW Alausa generaator project!
Keep your stupidity to yourself and stop making it a Niger-Delta thing, we are not all imbeciles like you.
European Football (EPL, UEFA, La Liga)Re: Loved At Chelsea And Hated In Spain: Is Mourinho Right? by merengue: 1:22pm On May 03, 2013
dammytosh: I can reason with your opening comment. Only some one who lacks any point in an argument types the way you type.

Your conclusion is that he is not a good coach right ?

Ok very good, when he earns $11,000,000 per annum in chelsea. You concentrate on your forsaken life in penury.

When he leaves Madrid if the next coach fails. All of you will say any where he goes, he scatters. If the next coach succeed you will say, He is better. He is used to such hatred. keep it coming.

But note that Mou will does not go to a club that is winning but a club that crashes out in ROUND of 16 like real, unknown like Porto, Relies on only glories of the seventies like Inter and crisis ridden like Chelsea.

He will not go to a Bayern Munich and ride on the glory of another man.
Exchanging banter with you is actually quite pointless, I reiterate my earlier comment that you share the same I.Q as a dung beetle. So Porto was unknown before Mourinho came? Are you really that daft? And please remind me, what crisis were happening at Chelsea before he came in? They had not won anything in decades, he came in and spent millions and won trophies so what nonsense are you talking about? What did he win at Chelsea that Mancini has not won at Man City? Capello & Del Bosque achieved more at Real than he did, so what is his excuse? So beating Barcelona (a feat that Celtic, AC Milan, Bayern have achieved) this season is now a trophy?

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