₦airaland Forum

Ikaeniyan0:
https://www.nairaland.com/7958371/jsm-restructuring-not-packing-up

Obi has been reading the book of lamentation and as a result always lamenting.

He is trying too hard to remain relevant by commenting on anything that seems negative. I can bet he is praying for Tinubu to fail.

The truth is, Obi can NEVER become Nigeria president, no matter how many times he tries.

It is an open secret that the governors are stealing the security votes.

Sadly, we only focus on the presidency and ignore those saddled with the administration of our monthly allocation from the Federal Government.

This only happens in a lawless society.

What did the police do when he was caught on video, beating someone.

Now, he was confessing openly he owned guns and would shoot someone.

We all take things as jokes in this country till disaster strikes.

Sadly, our enforcement of laws in this country is appaling.

jumokeadele:
they are bold to show off stollen money

It's heartbreaking because they know so well there is nothing the citizens can do.

They loot with reckless abandon.

They have turned the state treasury into their personal account.

This is not limited to Kogi alone, it cuts across ALL the state governors in Nigeria.

jimcaddy:
Wow she is extremely gorgeous

She had been re-created in that picture.

Make up illusion.

Agunesinjaweola:
Clueless Tinubu Government will not take him serious though until the agitators becomes a threat to his reign.
Sunday Igboho should ensure there's no election in SW again until referendum is done.

In his lifetime he wont listen to you.

The last time, he was imprisoned while you continued to live your life. I can bet at a point you forgot about his existence.

You can lead the SW too, if you are so much convinced of your own words.

I fear for the world.

I do not understand why people think war is a good thing.

If Iran links the attack to the US or Israel, then all gloves are off.

Middle East will be embroiled in war and inflation will hit other countries.

It is not about who wins or loses, rather there will be monumental destruction on both sides.

GeneralDae:
I don't know what you are saying. Previously when we had high production and without crude swaps, NNPC remitted billions of dollars to the CBN annually. There have been difficulty remitting since then. This is just like a forward remittance.

The only thing that should be questioned here is that the deal is not as transparent as I would want e.g how many barrels of crude was sold to Afrexim Bank and what was the nature of Afrexim's deal with the oil marketers?

Do not waste your time with that dude @Kukutenla.

He is messed up in the head!

Angelfrost:
Intellectual Discourse?!!

Now, you are being ridiculous.

An intelligent person would have seen the SARCASM in my reply to your last poor attempt to defend the indefensible.

You claimed to be intelligent but you took the arrangement as a "loan" and still thought the money would be used to "prop" the naira

So much for your intelligence.

My last piece to you

sonnie10:
According to your explanation, if I have a palm tree on my land, and then promised someone that the oil from it over a duration is a collateral to collect a certain amount from them, then it’s not a loan.

The only condition that would exempt that transaction from being an actual loan is, if there is no interest over the duration of payment.

But you this very move, it is not a very wise one now that the world is experiencing energy shortage. Prices of crude will increase but Nigeria won’t benefit from it. They have only mortgaged the future of this country. Think about what will happen in subsequent years when they won’t be proceed from oil due to this transaction. Even with oil money Nigeria is barely surviving, how much more when the money is no longer coming in.

It would be fair to make a balanced observation. If the money is put to judicious use, it might help. But not with the way the leaders spend. Petrol alone on 30 heavy SUV convoys for just one month will take most of that money. Just last more, over #500M was spent on attending the climate submit by a group of people with no actual purpose or direction.

Thank you for your analysis.

You are worth responding to as you critically analysed the issue, and you are civil as well.

One, it doesn't attract interest as it is a business transaction. Nigeria is not borrowing it

Second, like you mentioned, petrol price could go up in international market and Nigeria would have lost out as we have sold at cheaper price to Afrimex.

However, look at this way too. With this deal, Nigeria doesn't need to prop the naira by depleting our foreign reserve, and the importers could have access to cheap dollars at the time the dollars would have gone up.

Also, Naira position will not be worsened as most forex demands from the importers would have been catered for by the fund.

Fuel price will not go up in the country as well, as that is one of the conditions before you can access the fund.

Nigeria can also benefit from increase in oil price from other crude oil being exported.

There are are always pros and cons to everything but in my considered view, I think the pros outweigh the cons.

My opinion

Angelfrost:
The guy just dey roll out explanations upandan, most which make absolutely no sense even to himself.


I can never envy the online defenders of cluelessness... It's an unenviable job.

You are simply impossible.

I thought we were having intellectual discourse, where you would pick holes intelligently in what was earlier explained.

Instead, you had purposed in your mind not to be open minded. Changing your position in the face of fact does not make you a weakling.

If you have issues with what was explained, you could have pointed it out, and we will all learn from it.

I'm sorry for misjudging who you are and your intent.

Kukutenla:

This dude is ignorant as he is funny.
What exactly is novel and smart in a futures contract. You just came here to advertise your ignorance. Oya Google futures contract and learn.

And what the hell do you mean by it is not a loan but a legal business transaction. Is a loan illegal business since you are claiming a loan is not a transaction. See ignorance and confidence embodied in one person.
Wow!!

Loan is a form of borrowing.

Business transaction is an exchange.

Typical Nigerian you are - when your folly is exposed, you still continue arguing stupidly.

Henceforth, I won't dignify you with a response

ottersberger:
Have you considered that there are Ph.D.s on this platform? Some in economics.

Look, don't tell us what we already know. There's nothing new, smart or novel as you have chosen to put it in this story. Yes, it is a story.

This has been going on since the Buhari years. And the result will be the same because the intention is the same. They intend and will steal the money.

Period.

You are not making sense with what you have put in here.

What has PhD got to do with this ?.

I have criticized this government on this platform.

When you see an exemplary thinking, appreciate it. Don't see bad in everything.

I am not a politician. I do not belong to any political party, but I applaud good, creative thinking.

I am not defending the fact that the money can be looted.

My scope is applauding the thinking behind the deal.

You wrote long epistle with no content.

Stop being a cynic.

lexy2014:
is a loan not a transaction?

if u claim that it is just a "transaction", what was immediately exchanged in return for the funds?

A loan is called a loan when I need to pay you back in the same kind, most times, with interest.

A business transaction is an exchange of what you give me with another thing.

I can give you money to buy me a car and you deliver that car in the next 5 months . That's not a loan, that's business transaction.

It amazes me how guys who are expected to be smart are struggling with the basics.

Has the quality of our education gone that low?

Angelfrost:
Yeah... A loan can not and should never be described as a cash transaction.


Please, what sort of transaction is this exactly where the Naira is propped against the Dollar via the infusion of Billions of Dollars into the nation by Afrexim?!!

Explain with clear illustrations.

Thanks

First of all it is not a loan but a legal business transaction.

Let me explain what happened to you. It is quite smart and novel.

They do not intend to use the dollars to.prop up naira like you thought or imagined.

They collect that dollars ahead of crude oil export in order to sell at the agreed exchange rate to oil importers.

Let me break it down.

When the agreement was made, let's say the dollar was being exchanged at 700 naira. The transaction is premised on that.

Now with the money in the hands of FG, even if dollars sell at 2000 naira to one dollar, the FG will be able to sell to the legal importers at the rate of 700 naira.

Therefore, the importers do not need to seek for dollars at the black market, which will ultimately worsen the strength of the naira.

It is novel, give credit to where it is due, and give them a knock where they deserve it.

Irony1:
It is not sustainable borrowing against future crude oil exports.

I am not here to discuss sustainability.

That is for the experts who are privy to certain classified information to determine.

I can't just throw blanket statement carelessly.

I am just saying it's not a loan as being ignorantly circulated.

Kukutenla:
Ignoramus
So a futures contract is not a loan. You just showed your ignorance to defend govt. Even the minister of finance acknowledged it as a loan.

Some of you cynics are better ignored.

Show me from the article where the Minister was quoted referring to it as a "loan".

Let me show you a quote from the Minister in the article:

According to the minister, “this is a transaction in process with Afrexim and it is for them to make the announcement relating to funds disbursement.”

It is a TRANSACTION.

You have shallow understanding of English and Economics.

michlins:
This is good news but it begs for more explanation.


It's often being paraded by APC apologists that the reason Tinubu floated the Naira is because the government spends $2bn monthly to defend the Naira. If that's the case,so we just waited for months to get a loan for one month intervention and we're celebrating it now as if we won a lottery ticket.


When you hear the explanations from APC apologists and try to make sense of it with reality, you begin to wonder why we should be going to school at all. Because it's almost as if we don't learn anything.

TSA account by Buhari and how it saved trillions also comes to mind. ASUU had to go on strike for this particular issue but eventually,it had no impact on corruption fight and insecurity (which are the advertised gains)

It is NOT a loan.

It is a business transaction.

Nigeria sells crude oil to Afrexim and collects her money in advance

tctrills:
So Messi stats for inter Miami are not even better than his stats for Barca?
The idea that goals in the Saudi league should mean less than goals in bigger leagues do not quite make sense.
A good example of this is Messi. He score far more goals in the bigger Spanish league than in France.
What Ronaldo did this year is simply incredible. It has never been done.
We do not have many 38 years olds topping the world scoring chat no matter the league.

Messi scored 91 goals in a calendar year in 2012.

So what has not been done before?

You don't use sentiment to win awards.

If he likes, he should score 70 goals at the age of 100 years.

Messi is three steps ahead of the dude (Ronaldo) and a step ahead of both Maradona and Pele

blaise26abj:
With referee bribing and corrupt FIFA asslicking .

Did Ronaldo score in the world cup and his goals were cancelled?

Can you remember how many Argentina's goal were cancelled in their first game in the world cup against Saudi Arabia, which they eventually lost, leaving them almost out of the group stage?

Did Messi ever score with his hands and was overlooked by the referee?

FIFA boy indeed 😅

Stop comparing Ronaldo to him. It's an insult.

Messi is at a level higher than any living or dead players.

So lonely at the top for the maestro.

PDJT:
-Nigeria is a fake country and nothing good will ever come out of it. Some people in Nigeria may be decent but Nigeria? Na.

-Nigerians problems can only get worse, until they tell themselves the truth; the British experiment is NOT working. Until then, let the delusion continue.

Good things will come out of Nigeria, sadly you will not taste the goodness of the land.

Truth be told, this Super Eagle is not strong enough.

Oshimen is not dependable for the team.

I will root for them with little and managed expectations.

Racoon:
Yeah! As the abject poverty, economic inequality, executive and NASS looting, widespread deteriorating insecurity and many other ills of your criminal government is staring this nation in the face?

Can I please ask you a simple question?

Do you HONESTLY believe that the fortune of Nigeria can be turned around without attendant pains on the citizens?

Even if Obama is the President, do you think you can have a country like Dubai without the citizens experiencing pain, considering the eye-watering mismanagement of the past?

Even if Davido loses 10,000 naira worth of jewellery, it will be announced as 100k USD Jewellery.

All for the gram.

aswani:
This is your problem, you seem well versed inconflating issues left, right and centre so it becomes difficult to have a sensible discussion with you.

On top of that, for whatever reason, you are accusing me of defending a paedophile without any proof just because I dare to have a different opinion to you about the person in question.

I will have to make time for you that I have currently run out of.

You have no fact.

Stop taking your ASSUMPTIONS as law.

In your own words, read the misconceptions you have spread on this topic - I have complied them for you.

I wonder how this makes you feel after you are confronted with empirical facts:

1. Not all crimes commited are deportable ones. I am very certain this is a caiutionable offence with a chance of being put on the their sex offenders list.

2. I doubt government's share details of crimes commited with other governments as a matter of course in the manner you have stated.

3. He is not going to jail as the most they can do him for crime wise is some kind of indecency charge, maybe same as urinating publicly.

4. Sharing serious crime cases amongst themselves cannot be done by those governments as a matter of course. There is no central database anywhere that CIA and Mossad and MI5 can tap into.

All lies!

aswani:
He did not rape anyone. This is why I queried your particular post, you were needlessly extrapolating things.

He is not going to jail as the most they can do him for crime wise is some kind of indecency charge, maybe same as urinating publicly.

Obviously the next time he wants to renew his leave to stay, his case is going to be treated differently as he has an asterisk on it with this nonsense he has done. However if he can stay on the right path moving forward and start doing good things by volunteering or helping less privileged people, his lawyer or representative might be able to show it was a one of moment of madness that he has overcome.

So far, all the above is my opinion based on reading how they do things over there.

Sharing serious crime cases amongst themselves cannot be done by those governments as a matter of course. There is no central database anywhere that CIA and Mossad and MI5 can tap into.

Interpol can investigate and then issue warrants if need be and they do this on a case by case basis with a high level of proof required to proceed.

Jurisdiction issues means individual government crime agencies cannot just get information from other countries about crimes commited there.

Please can you give me more information about this 5-eye treaty so I can apologise to you for spreading false information.

See your life!

What he committed is known as "Grooming" which attracts maximum penalty of 14 years!!

https://www.draycottbrowne.co.uk/sexual-offences/grooming-charges

aswani:
How am I defending a paedophile? I am stopping you conflating issues and making out you know what you are talking about which I suspect you don't.

I clearly said law enforcement officers were not allowed to catfish. You are sending me a link of private individuals doing so and accusing me of all sorts. You sure say you dey ok so?

Now you have amended your post but I'll address it in time.

Clearly, you are incorrect with the bolded.

I did not amend my post, I even added to it. I will add it again here:

Read the 2nd paragraph of this UK Police regulation:

https://www.cps.gov.uk/cps/news/cps-strengthens-guidance-child-abusers-caught-undercover-stings


You have become an emergency defender of paedophile.

I gave you fact online. I even included where the police have the power to go undercover for such operation. Still you ignored all.

Open your mind and learn so you dont end up as this guy.

aswani:
He did not rape anyone. This is why I queried your particular post, you were needlessly extrapolating things.

He is not going to jail as the most they can do him for crime wise is some kind of indecency charge, maybe same as urinating publicly.

Obviously the next time he wants to renew his leave to stay, his case is going to be treated differently as he has an asterisk on it with this nonsense he has done. However if he can stay on the right path moving forward and start doing good things by volunteering or helping less privileged people, his lawyer or representative might be able to show it was a one of moment of madness that he has overcome.

So far, all the above is my opinion based on reading how they do things over there.

Sharing serious crime cases amongst themselves cannot be done by those governments as a matter of course. There is no central database anywhere that CIA and Mossad and MI5 can tap into.

Interpol can investigate and then issue warrants if need be and they do this on a case by case basis with a high level of proof required to proceed.

Jurisdiction issues means individual government crime agencies cannot just get information from other countries about crimes commited there.

Please can you give me more information about this 5-eye treaty so I can apologise to you for spreading false information.

Stop spreading lies.

Read this:
https://www.statewatch.org/news/2021/january/how-the-five-eyes-countries-share-immigration-data/

What the dude committed is called "Sexual Grooming", and it is as serious as a rape.

It attracts maximum jail term of 14 years in the UK.

https://www.draycottbrowne.co.uk/sexual-offences/grooming-charges

aswani:
That kind of catfishing can't be done by law enforcement officers, any judge will always throw out the case.

It's like an undecover police officer leaving the keys in a car and telling someone that is a known criminal "that car over there has the keys inside", it is an inducement that could even get that officer into trouble.
.
The first move must be made by the offender at all times.

Intent can also never be used to ensnare people, can you imagine that kind of power in the hands of the police?

Why you are defending a peadophile makes me to raise an eyebrow about you, and you are defending him with lot of lies.

The bolded is a lie!

Even ordinary citizens are legally allowed to pose as minors to sniff out paedophiles, and then report to the police, talk less of a police officer.

When does undercover operation for the police becomes a crime?

Maybe you should read this, and stop embolden peadophiles with your fallacious write-up:

Read the 2nd paragraph of this UK Police regulation:

https://www.cps.gov.uk/cps/news/cps-strengthens-guidance-child-abusers-caught-undercover-stings

and this:
https://www.theguardian.com/society/2017/apr/08/judge-rules-paedophile-hunters-can-continue-posing-as-children-online

aswani:
Not all crimes commited are deportable ones. I am very certain this is a caiutionable offence with a chance of being put on the their sex offenders list.

I doubt government's share details of crimes commited with other governments as a matter of course in the manner you have stated. Privacy laws are very tricky in the countries you listed.

He could still go to other countries although a simple Google (image) search by an Embassy/High Commission official might cause further information to be required.

Rape is a serious issue abroad. If his sentencing is set at minimum of 12 months, it is automatic deportation thereafter.

Even if he escapes that, the Home Office will never grant him an indefinite leave to remain when the time comes for it.

Apart from fulfilling 5-year residence requirements, you must not commit crime. Rape is considered very serious in the UK, and sadly like I pointed out, it will affect his entire family, if they are dependants.

Government of 5-eye countries signed a treaty that allows them to share serious crime cases among themselves, even just ordinary visa refusals.

Biglittlelois:
Imagine, just relocated a month ago and he's already set to cheat, [b]now the wife will move on quickly with a sane man [/b]while he rots in jail, very good.

If the wife is a dependant, they are all being deported.

Once they cancel the dude permit, the wife's own and kid automatically cancelled.

Sadly enough, his record will be shared with the other 5-eyes countries for such an offence.

He should kiss Canada, US, UK, Australia and Europe bye bye for life!

ElohimShenRa:
Wetin you expect before ? Dem don carry their witchcraft & idols go UK.

Nigeria’s woes & misery began in “FESTAC 77” when they imported all the evil spirits & idols from all over the World into Nigeria.

Majority of the worshippers of these idols & orishas do not know that these demonic deities have their own repercussions.

They will give you one thing and take away 100 from you.

If to say I never worship them before, I no go know. That is not to say Jesus or Allah too do not have their own repercussions, because they have all been infiltrated by witches & wizards.

You don’t need to quote me. Just ask yourself where you can find the largest gatherings & concentration of witches & demonic people and you have your answer.

Dem go they shout “Blood of Jesus” up & down, but wetin dey their body pass principalities & demonic spirits.

There was a time about 20 - 25 years ago, when you shout the name or Blood of Jesus with utmost concentration ; you get instant results. But now, even witches & wizards go dey follow you shout the name and blood of Jesus, and nothing will happen to them.

That’s why I stopped going to any religious house.

My prayer is that this useless World should come to an abrupt end, so that everybody can have a fresh start.

Stop reasoning like this in the 21st century.

How has the celebration of diverse culture be blamed for Nigeria's woes which are basically as a result of blind greed and selfishness - mismanagement of funds by our politician.

Every year, Notting Hill Carnival is celebrated in the UK - celebration of diverse cultures (Just like Festac 77) . UK is the 5th largest economy. What do you have to say to that?