₦airaland Forum

Dentidon:
Atiku should stop disturbing us with noise. Go to court

Why court?
He is heading to Cameroon, ahead of Jhis retirement in DUBAI.
In few days, Atiku would be communicating from DUBAI.
Watch out

Fahdiga:
At least we know who the 3rd class illiterate is. We know the schools he attended and his former classmates. We know his parents and family history. We know what made him rich. Can you tell me who Tinubu is and his family background?

You also knew that obi-diot is a drug peddler?
A top pandora culprit?
A aore looser?
A pro ibobian?
A religious and divisive bigot that can never be a president in Nigeria

Asgard13:
;Druggie must knew and beg Nigerians .. and those his attack dogs have insulted ..

Druggie must understand that the certificate he stole as a thief must be returned

Druggie must understand that his stupidly and impish lies about tribal slurs and foolishness of his dogs inherent which him himself is a produce of same foolishness .. no need forming Solomon when same tribalism you encouraged has eaten deep into you drugged sense and dna

Tinubu know he’s not smart anyways .. and he rightly knows no one is buying his crab except his Yoruba people .. that have been celebrating while Nigeria mourns .. on how he rape and bastardized the country democracy with Yoruba stolen wealth .. while his people live in abject poverty and chronic hunger

Tinubu is just time and you will return that certificate

OBi has gone to court to challenge you.. his petition looks simple and easy.. but who knows .. what he knows that Nigerians don’t know.

PDP will be doing same soon .. we never know wetin Dey

But all we know be say.. that certificate you dey raise anyhow .. you go return am

Walahi befoee a year… Yoruba people go deny this man and his policies ..

Na here we Dey.

Unfortunately, you can trust a bastard to be a BASTARD.
How dare a delinquent mofo like you washed your dirty mouth against the president elect?

I concur.
Truth is bitter to the Obedient, same way being an Obi-diot is worse than an idiot, coz they are easily deceived with unsubstantiated rumors.
Obi was the primary rigger
Atiku the secondary rigger
Tinubu was the true winner and a tertiary rigger.
Know this and know peace.

Really

mrvitalis:
This narrative have been steadily growing for years so I did a little bit research n my findings are shocking

Top 100 richest Igbo men less than 10 can be said to have made money from Lagos ...Infact north has produced more zero to billionaires Igbos than south west

1) authur eze richest Igbo made few money he made in Nigeria was made in the north ...the rest is across Africa and real estate in the UK

2) Peter obi for me the second richest Igbo man ...started on Onitsha ...moved Lagos because of government policies

3) ibeto has zero investment in Lagos

4 ) emeka off or started in Igboland moved to Lagos as a billionaire

5) innosson has zero investment in Lagos

6) next oil ,oilseve started in port Harcourt

7) genesis group port Harcourt

8 ) everyday group port Harcourt
9 ) market square/ Kilimanjaro Port Harcourt
10) erisco Sokoto
11) emzo pharmaceutical UK
12) orange drugs Owerri
13) zinox computers US
14) airpeace Niger Delta
15 ) coschsris Anambra

So please name the igbos that came to Lagos with sack bag and made billions

All of the above and you

Flames40:
Congratulations to all who won. But we must all be reminded that politics is not a do or die affair. Leadership is about the people you govern. Power comes from God, Power is transient and lasts only for a fleeting moment, use this short moment wisely, for a day of reckoning will come when u will give account of your stewardship.

NB
Thing is, if u try to ask for help here, not many people will believe ur story. They feel u are trying to scam them when in fact, you're being honest. Some of us are going through a lot. If anyone's situation is better, they should pls help others around them. Nigeria is not easy for many I know. I am in dire need of 5k. This money will save a life. Help me pls

I empathize with you.
But which party did you vote for?
Where do you live?
Be sincere, this can earn you a living job

Yamiriflathead:
Yorubas are seeing this and they'll recompense in like manner. Don't shout marginalization when it starts Sha

I wonder what LASU is waiting for to raise tuition fees of Non yorubas to atleast 500k

To at least N1,5M

goodnessme1:
Shut up you're
not accommodating anyone.

Your usel ess people full order regions without anyone claiming to be accommodating them.

Only hateful people call*s themselves accommodators

But developers call themselves villains.
Terrible and ingrate specie of homosapiens.
Giving Nigerians a bad name all over the World.

A Villain playing victim as usual.
Ibos have entered one chance. The lot that befell ingrates and imaginary developers.
He will rot in detention,after 6 months, he will be prosecuted.

Ojiofor:
No what made Tinubu president elect is reckless rigging Peter Obi won the election by popular vote dont get twisted bro.

You have been deceived in your wildest imagination.
Obi-diots never won.
He won it for APC
Same way you were deceived that Bihari was a clone of Sudan al-Jibril incarnate.

Yes
Atiku the most greedy politician in the World, ensures the demise, and progressive death of PDP, alongside his Northern cabres.
Jumping from PDP to AC, APC, back to PDP is a story for another day.

Tinubu will complete 8 yrs.
Atiku will return to Cameroon and retired in Dubai
Peter Obi will loose again and again until he stops being a boy.
Divisiveness, religious bigotry and ethnici manipulation would never allowed Obidient to rule Nigeria.
Obi and all those that prophesy death for Tinubu would al die before him.
The ibo will get Biafra in 45 to 50 yrs time
APC will rule and ruin Nigeria
South West will be free of ALIENS from Biafra they have overstayed their welcome

Rubbish post by a confirmed Obi-diots.
You didn't see a reformed economy?
You didn't see mass sufferings in ALAIGBO-LAND?
You didn't see Tinubiu spending 8 yrs?
You didn't see a smooth transition of power to the North after 8 yrs of Tinubu?
You didn't see power eluding Alaigbo for 32 yrs?
You are what you dream.
I saw Obi going to Cameroon with Atiku.

dominic17:
Umunne please relocate your business to the East, buyers will locate you there. People come all the way from Cameroun to buy stuff from Aba. How much more Lagos . are you not tired of having your goods burnt? Please let us leave Lagos for them these people are evil,a word is enough for the wise they said.

Your progenitors are the evil one.
Wishing u s smooth trip to Cameroon.
You are in for a capital sorry plus sorrows in Yoruba land.
Never you again proclaim Lagos as a no man land.

NwaliE01:
Tell yourself the truth, the election was obviously bought by BAT. The Nation mourned after the result Declared signalling that BAT is not the will of the people. Let's set tribe and sentiment aside.

The IGBOs and obi_diots mourners mourned after the announcement of the election
There was jubilation all over the country.
Stop peddling falsehood

Obi-diots tore their expired Nigerian passports.
Obi_diots are going to Cameroon with Atiku

maivd:
They gave the ordinary man a voice, now you know it can swing in another direction,it's a gradual process and we will get there.

You will get there in Biafra land, # Obi wept again for labouring in vain.

Obi_diots& labour in vain

Really

Yorubalandlord:
LAGOS—The Supreme Council of Ndi Eze Ndi Igbo in Lagos, yesterday, called on Governor Babajide Sanwo-Olu of the state to release one of their traditional rulers, Eze Chinedu Mozie, detained by the police after he challenged thugs that stopped him and his people from voting in the just concluded governorship and House of Assembly elections at the riverine community of Ibasa Satellite town.

The council alleged Eze Mozie was manhandled and beaten up after he resisted an attempt by the thugs numbering over 50 to lynch him, as he ran into the palace of the Bale of the community for refuge only for the Bale to hand him over to the police, who arrested and took him to the State Criminal Investigations and Intelligence Bureau, SCIIB, Panti, Yaba and is still being detained.

In a statement by the Chairman, Vice-Chairman and Secretary of the council, Eze Lawrence Eze, Eze Vincent Iwobi and Eze Edwin Obi, they said the victim and Igbo community have lived peacefully with their host until the ugly incident and wondered why they should be restricted from exercising their constitutional rights in the same community.

According to the statement, “On March 18, 2023, Eze Mozie went out as the leader of Igbo community in Ibasa riverine to exercise his constitutional right of voting. In the course of doing this, he was accosted by Oba of Ibasa community, who bluntly told him that the Igbos were no longer allowed to participate in any electoral process in Lagos State, that it was an order from above.

“Eze Mozie explained that he has the constitutional right as a tax-paying citizen to exercise his voting right in his place of domicile. This explanation fell on deaf ears as the Oba authorised the youths of the community with masquerades to resist the Igbo community led by Eze Mozie from casting their votes by manhandling him.

“In a twinkle of an eye, it degenerated into physical exchange of blows with the use of cudgels, broken bottles, cutlasses and all manner of dangerous weapons by the Oba and his people against the Eze and other Igbos.

“Consequently, Eze tried to defend himself to avoid being lynched and ran into the palace of the Oba, who immediately summoned the police to effect the arrest of Eze Mozie by the police from Panti, while Eze Mozie was bleeding profusely from all parts of his body, unable to walk or talk and he is currently being detained at Panti.”

When contacted, Lagos State police spokesman, Benjamin Hyndai said he would investigate the report.

https://www.vanguardngr.com/2023/03/igbo-leaders-in-lagos-call-on-sanwo-olu-to-release-detained-chief/

Cc mynd44
nlfpmod

Lesson must be learnt. He should go and exercise his voting right in Biafra republic.
The IGBOs overstepped the gestures given 2 them on a platter of Gold.
Time up
The earlier, the nicest thing to do for those ungrateful IGBOs in Lagos "move your biznesses to Biafra republic.
Tinubu and Sanwo Eko do not need your cooperation to move Nigeria and Lagos forward.
Go and wail with your Twitter president.
Frustrated people rejecting a free and fair election.
Always crying villain.

Atiku and Obi supporters backed policy of imposing hardship on the citizens they wanted to govern.

Nigeria’s central bank made critical mistakes that doomed its currency redesign.
By Stephen Onyeiwu 21 Mar 2023 00

Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why has the latest attempt been so controversial and traumatic? And what measures need to be taken to avoid a future debacle?

Nigeria’s central bank announced the introduction of new banknotes last November, with the changeover to new notes scheduled for mid-December. The rollout of the policy disintegrated into chaos, amid mounting anger among ordinary Nigeria.

Nigeria’s central bank made critical mistakes that doomed its currency redesign
The policy also led to lawsuits by some state governors against the central bank and federal government.
Nigeria was hit with a scarcity of cash after the central bank began to swap old Naira notes for new bills.
Nigeria was hit with a scarcity of cash after the central bank began to swap old Naira notes for new bills.

Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why has the latest attempt been so controversial and traumatic? And what measures need to be taken to avoid a future debacle?

Nigeria’s central bank announced the introduction of new banknotes last November, with the changeover to new notes scheduled for mid-December. The rollout of the policy disintegrated into chaos, amid mounting anger among ordinary Nigerians.

The rollout of the currency change was disastrous. The fallout included:

Severe shortages of the new banknotes.
Precipitous declines in business transactions (especially in the informal sector).
Long queues at bank premises and overcrowded banking halls
Attacks on bank staff and destruction of bank property, including ATMs that failed to dispense cash.
The policy also led to lawsuits by some state governors against the Central Bank of Nigeria and the Federal Government.

I have identified five factors that marred the redesign policy, most of which could have been avoided by the Central Bank of Nigeria.

Litany of errors

Cost-benefit: An egregious error committed by the central bank was its violation of the principle of cost-benefit analysis. This is a simple rule in economics that implores policy makers to undertake an initiative only when the benefits exceed the costs. One should ask: What were the benefits of introducing the policy? What were the potential costs at the time of implementation?

The central bank justified the redesign policy as follows: to rein in counterfeiting, promote a cashless economy by limiting the amount of the new banknotes that can be withdrawn, reduce the large quantity of dirty notes circulating in the economy, discourage hoarding, curb crimes like kidnapping and terrorism, and head off illicit financial transactions.

It also saw the policy as a way of addressing the huge amount of currency outside the formal financial sector; 85% of banknotes circulate outside the banking system, largely because of hoarding and illicit financial transactions.

And the cost? If indeed the central bank considered the cost, it obviously underestimated it. How would anyone ignore the large-scale disruptions in the economy and loss of productivity that the policy caused, not to speak of the stress and anxiety inflicted on Nigerians?

Communication: Of all the pitfalls that doomed the currency redesign policy, at least as conceived originally, the lack of effective communication about the overarching goals and modus operandi of the exercise was the most devastating.

Nigeria’s central bank threw a basic element of strategic planning and communication to the winds when it failed woefully to communicate and educate the public about expectations, prior to launching the policy. According to strategic planners, a major policy initiative that is not well communicated, from the top of the strategy planning pyramid to the bottom, is bound to fail.

The central bank should have sought the buy-in of major stakeholders, especially the National Economic Council and the National Assembly. The central bank would have had a better chance of avoiding the ferocious push-back it got.

The central bank finally began rolling out a communication plan by late December 2022. But this was too little too late. By then Nigerians had already characterised the policy as decidedly punitive. The narrative that had gained ground was that the change was designed to curtail the ability of politicians to buy votes during the 2023 elections.

This inevitably raised the question of why millions of Nigerians should suffer because of politicians?

The central bank’s mishandling of communication was also manifested in the fact that it failed to issue policy guidelines to commercial banks and the public days after the Supreme Court nullified the bank’s earlier deadline. This has exacerbated the confusion associated with the policy, as merchants and businesses continue to reject the old notes, despite the court’s rulings.

Inappropriate timeframe: The timeframe for implementation was unrealistic and impracticable. By setting a very short timeframe for phasing out the old notes, the Central Bank of Nigeria appeared to have adopted textbook assumptions about how the Nigerian banking system works.

Anyone who has been to a typical commercial bank in Nigeria would know it would have been impossible for the banks to undertake the monumental task of collecting old notes and dispensing the new ones within the one-and-a-half month window originally allowed by the central bank. Overcrowding, chaos, excruciatingly slow service and unnecessary bureaucratic red tape are quite common during normal banking hours. It is not uncommon to observe people with “connection” circumvent queues and obtain preferential access to bank staff. Although Nigerian banks pride themselves as being digitised, a lot of paper-pushing still goes on within the banking system.

The central bank should have considered this fact and allowed for a longer timeframe for implementation.

There was also no persuasive rationale for the rushed implementation of the policy. Neither was the central bank able to explain why the old and new notes could not coexist, a measure the Supreme Court has now mandated the bank to implement.

Conflicting goals and lack of prioritisation: Policy targeting is a major precondition for success. The focus on one unambiguous objective in past redesign policies enabled the central bank to conduct a seamless and less dramatic exercise.

The current redesign policy had too many goals, and it was unclear which one was the target goal.

Identifying target goals enables policy makers to select appropriate instruments for achieving those goals. But when there are too many goals, the danger is that an instrument designed for one goal may undermine another goal.

For instance, the goal of reining in money laundering and illicit financial transactions meant that the Central Bank of Nigeria needed to deliberately restrict access to the new banknotes. But this inflicted unintended hardships on innocent Nigerians who simply wanted to access their hard-earned money.

The central bank should have focused on one major goal. If the goal was to phase out old notes, as the bank is statutorily mandated to do, then the old and new notes could have circulated alongside each other until the old notes were phased out.

A casual announcement that new notes would be circulating from a given date would have been all that was needed. People would not have panicked and rushed to the banks to withdraw money.

Economic headwinds: It is very difficult to implement a major policy initiative that negatively affects people during a period of macroeconomic instability. The central bank policy came at a bad time. Nigeria’s economy is in a shambles, with a 22% inflation rate, 33% unemployment rate – 43% among young Nigerians – and a growth rate of 3%.

These economic challenges have been compounded by a 17.5% interest rate, steep declines in the value of the Naira, and widespread poverty.

Nigerians’ tolerance for economic shocks was already at its limit when the redesign policy was launched. The policy and the confusion that accompanied it tipped them over the edge.

The challenge of credibility
The central bank needs to reestablish its credibility as the “people’s bank,” to reverse a self-inflicted image of an organisation that’s partisan.
The bank has a fiduciary responsibility of catering to the interests of its main “shareholder,” the Nigerian people. But the perception is that the bank lacks independence. To effectively discharge its statutory duties, the Central Bank of Nigeria should initiate a process of re-asserting its independence and regaining the people’s trust and confidence.The Conversation

Stephen Onyeiwu is professor of Economics & Business, Allegheny College

More Ipobians and Obi supporters in diaspora destroyed their expired Nigerian passports

Obi supporters would never like this news.
We show them pepper

The
I
Before
Others
are destroying their expired passport coz Pandora
Only
Biafra
I know didn't win a free and fair election.

WhatCanIsay:
Tinubu rigged himself in!

Those that voted him aren't upto 5 million

Nothing legitimate about the charade APC/Tinubu concocted for Nigeria and Nigerians. He is solely president of louts that helped to rig him.

Imagine INEC had to sneak in and call whatever they called, if it is the voice of the people, INEC would have been proud of their works and call it during the day for celebration. But like criminals they installed the criminal

The people have spoken

✈️✈️✈️✈️✈️✈️
JAPA LOADING

Strong sexual urge at the climax of infatuation

A vote for Peter Obituary is a vote for NIGERIA OBITUARY.

Obituary Pandora, the coded drug baron, underground IPOBIAN, NO NONSENSE LIAR, LABOURING IN VEIN.

gidgiddy:
Need I say more?

You are making a mockery of your inadequate and poor exposure to global trends.
All the parameters listed in your mockery pic are no longer sustainable in any part of the World. I will suggest you read about global inflation. It is not peculiar to only location 9 where Hausa-Fulani have been wrecking havoc on the good people of Nigeria