₦airaland Forum

[quote author=Dudu_Negro]lol, I perceive a trace of sarcasm in your last response, for that I share in your sense of humor!

The North as a political fortress is subsisting on a cultural philosophy that indoctrinates discipline and fortitude at an early age educating on self-sufficiency and strength of will. It teaches that the human spirit has a stamina and endurance from which to conquer the adversities of physical and material world. Therefore, beginning as an acolyte under the tutelage of a learned scholar, the child is taught how to battle inner conflicts and physical vanities. Therefore, if a change is needed in the social structure, it should not be the almajiri scholarship because the principles itself has social values that should be cherished and preserved for manhood training.

I can fill a page listing the names of popular and wealthy Hausas and Fulanis who rose from almajiri status to become prominent and successful politicians and businessmen.

What needs changing is the authority that oversees this cultural training and not the framework of the teachings. The government and the Sultanate, as well as the Emirs owe obligation and responsibility to almajiris. Almajiri is not a Nigerian institution, it is a Northern Islamic institution, therefore the changes should be championed by the Sultan. Reformative changes at the top, in terms of objective and measurable goals, pumping money into a stagnant system that has no identified deliverables is a waste. However, if the various sponsors have committed to help and resolve the problem, then it's a welcome and great beginning. I will leave almajiri alone and speak to boko now.

On boko, totally different menace! Worse than anything you can imagine. I disagree that we never faced such a threat before. Yes we have. In the 70s, practically people in the big cities lived in an age of innocence. They left their homes unlocked to go to market, they left their children playing around in the nighborhood, they even slept outside in the open terrace on hot nights, they went to all night parties and returned home safely. Then armed robbery came to town and they lost their innocence! The psychic response and shock we go through now when a bomb goes off and we see pictures of dead and mangled body parts was no different to that of people who have never had to face the barrell of a gun all of a sudden had one resting on their temple while their daughter or wife is being raped.

Anyway,. . .boko and almajiri are two separate issues. Supporting and reforming almajiri does not translate to reformation and cessation of terror in boko. I do not support redemption or amnesty of any kind for boko. I suggest the Govt pump whatever money is earmarked for boko as an incentive for the military force sent to fight them. Differential pay and bonus for any military team or unit credited with verifiable success for wiping a boko cell or enclave. Boost morale for the military, not for boko.

I should remind you about Donald Rumsfeld error in Iraq. He sent thousands of US military on standardized pay to Iraq to clear the ground and kill the bad boys but contracted the security of US civilians and their convoys in Iraq to Blackwater. While military personnell on $17/hr taxable pay were out patrolling hazardous streets and getting roasted by insurgents, Blackwater contractors on $200/hr tax-free pay were sitting around in heavily secured Green Zone enjoying roasted kebab. We must not be like Rumsfeld![/quote]I will respond to your concerns in the next few hours. For now, I'll simply state that I have no interest whatsoever in Social Engineering which you seem to be calling for. My interest is in peace and prosperity for ALL Nigerians.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

We should applaud the government for finally introducing fairness into revenue allocation. This a first step in the right direction. This step, coupled by a comprehensive Amnesty program for the Boko Haram will go a long way in restoring peace and prosperity in our dear country.

I would actually support a back payment because the section 162 (2) of the constitution stipulates that 13% allocation applies to ANY natural resource. The Northern states have been shortchanged all along and the injustice must be rectified. Kudos to GEJ for being proactive in this case - I suppose he saw the handwriting on the wall that the game is up.

As violence continues to rock parts of the North, the Federal Government may have opted to appease some northern states with the payment of 13 per cent derivation on solid minerals with immediate effect.

A competent source told Vanguard that government was worried about rising insecurity in the northern part of the country with vociferous leaders of the north blaming the situation on poverty and inequality arising from alleged lopsided revenue allocation against them.

The source said President Goodluck Jonathan was considering various measures, which include the immediate payment of the 13 per cent derivation to solid mineral-bearing states, a preserve hitherto enjoyed by the nine oil producing states of Akwa Ibom, Bayelsa, Cross River, Edo, Rivers, Delta, Imo, Abia and Ondo since the inception of democratic rule in 1999.

It was learnt that government’s decision to pay the money was an indirect way of stemming the growing discontent and violence in that part of the country.

The Federal Government has been paying the derivation fund, which runs into trillions of Naira to only the nine oil-bearing states.

Payment to commence next month

But Chairman, Revenue Mobilisation, Allocation and Fiscal Commission, RMFAC, Mr. Elias Mbam, claimed in an exclusive interview that the payment, which is to commence next month, has no political motive.

Mbam, an engineer, made it clear that the decision to extend the payment to solid mineral states was in obedience to the relevant section of the Nigerian constitution.

The chairman said: “The payment is a constitutional matter, which states that derivation should not be less than 13 per cent and derivation is not limited to oil and gas. This also includes all other mineral resources.

“If you have minerals in your state and it is developed and it generates revenue into the federation account, you are entitled to 13 per cent of what is paid into the federation account.”

The chairman, who did not, however, list the benefitting states and how much would be shared to them, said the commission would also not be drawn into agitation by some states for a review of the revenue allocation formula to give them more money.

Section 162 (2) of the Constitution of Nigeria states: “The principles of derivation shall be constantly reflected in any approved formula as being not less than 13 per cent of the revenue accruing to the Federation Account directly from any natural resource.”


Read The Rest Here

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

[quote author=ekt_bear]BH is irrelevant. They don't threaten Nigeria's oil production...who cares about them?

Under no circumstances should GEJ negotiate any amnesty with them.

They'll only use the money to buy more weapons anyway, so they are stronger for round #2...[/quote]We must stop BH before the group is turned into partners with Al Quaeda and other terrorists groups. I know you and your likes are OK with the current level of violence because you are not directly affected and because most of it has occurred in the North so far, but believe me, when it gets out of hand you will pay as much as Northerners. Its time to let go of bigotry and fight all enemies common to Nigerians. There is a reason why the US government is also expressing concerns over the BH issues - stop playing dumb, we know better.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

This news report get as e be. I don't believe the story is accurate. BTW this herdsman should be presumed innocent until proved otherwise. Shame on you all for rendering the herdsman guilty simply because he is fulani - never mind whether there is any evidence to support his innocence.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

@_Negro, solutions which work are seldom popular and usually appear to be unreasonable on their surfaces. The Boko Haram saga is the greatest threat we've faced as a nation and the threat must be stopped by all means. Our military is incapable of defeating BH alone. We must use a combination of Amnesty, military presence, and superior intelligence, to fight this threat.

If we can destabilize these groups by pumping millions of naira into their mist while training and educating their pool of foot soldiers, many lives will be saved and we'll all be better for it. Amnesty will be a game changer which when coupled with the other activities I've mentions, will help us move forward with the building of a great nation.

As I mentioned earlier, the Islamic bank has made $98 million available for Almajiri education and GEJ's administration has already pledged almost N1billion for Almajiri education. Imagine what these funds coupled with a comprehensive Amnesty program would do for the region and the country. As a matter of fact, a good Amnesty program will go a long way in endearing GEJ to the common man in the North (think 2015).

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

alj harem: LOL My brother Ndu-chucks , me ya sa ?

Amnesty is a thing that has changed Nigeria political landscape.

The killing of anyone could be justified simply by advocating for something

MEND killed 20 on independences day, Boko haram took it the the next level

both should be stopped but WE should never support boko haram, because Islam does not preach what they are doing.

Mend still have a more legit cause for their fight than Boko haram

I will never support terrorists in any form but I do support educating the Almajiris so that they become useless to those who want to exploit them.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

[quote author=ekt_bear]I am more and more convinced that ndu_chucks and the rest of these northern elites aren't human beings. But instead demons that must be hunted mercilessly and killed.[/quote]Your bait, disguised as an incendiary remark, is hereby nullified. I know you, you cannot hurt a fly. Insha Allah, with or without your narrow mindedness, our country will become great once again.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

koruji: BH spokesman number 4: qaqa, SLS, Ciroma, now Ndu_chucks.

BH has nothing as the basis for its evil acts, and there will be no amnesty for faceless baboons.

After seeing that the forward soldiers are doing more harm to their own people than good their rear soldiers are topping it off with blackmail.

"BH violence spreads to South" my foot - there will be blooooood!!!

The same was said about MEND.

We need to take our country back from terrorists by significantly reducing the availability of poor and uneducated people which they use as foot soldiers. This should be the first reasonable step, next we need to partner with our friends abroad to help us with intelligence tools to fight groups like Al Quaeda who are trying to turn our country to Afghanistan.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

Let us recall that the movement for the Emancipation of the Niger Delta (MEND) became the most visible, and unarguably the most quotable of the platforms involved in the agitation for equity in the Niger Delta. Other groups and syndicates also flourish in the region, many of them adopting methods that have been commonly condemned.

Between 2006 - 2008 more than 200 foreigners were kidnapped in the region. The attack by militants on Chevron Corporation and Royal Dutch Shell in 2006 interdicted up to 115,000 barrels of Crude Oil a day. Foreign Oil Companies reduced their operations on shore in the Delta and froze new projects on account of the unrest. In effect militancy reduced Nigerian’s monthly oil revenue to 1 billion dollars compared to monthly returns of 2.2 billion dollars in 2008.

In 2006 Shell shut down almost its entire western operations. Shell’s production nationwide declined from 1 million barrels a day to 380,000.00 boards a day. The haemorrhage was phenomenal.

But the truth is that, the impact of all this unrest has been felt by all Nigerians. The Federal Government in seeking to restore law and order – deployed the Joint Task Force (JTF). There were casualties all sides, and infrastructural development, particularly in the Niger Delta has been significantly retarded.

The use of force did not work and the negative conditions were reversed only after Yar'Adua's amnesty program was instituted. Today, more money is budgeted to support the said program than set aside for the entire health care sector.

Today, the Boko Haram terrorists, like MEND have become a major menace to the country and their negative impact on the nation's economy, is huge. It has become obvious that the government and JTF do not have the ability to defeat BH, just as they could not handle MEND.

In the best interest of our dear country and to save innocent lives, the time has come for a comprehensive amnesty program. This administration does not need to wait until BH violence spreads to the South before taking decisive action. Even respected Bill Clinton recently said that poverty is fueling violence in Nigeria. It is time to help the victimized BH foot soldiers, the Almajiris. The Islamic bank has already pledged $98million to help educate these poor Nigerians and Northerners, who, like the common man in the ND, are ignored and marginalized by both the state governments and the federal government.

Let us all support the President in this effort. It is the right thing to do.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

Beaf: Dude, you are not an ND person just as much as ndu_chuks is counterfeit Igbo

olodo, learn to read. The screen name is Ndu_Chucks, note the 2nd "c" in Chucks. Have I ever claimed to be Igbo or belong to any other ethnic group?

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honeric01: ^^^^^

If we are not an oil producing state, why then do we get allocation from the FG?

Why not just answer my question and inform me? Your allocation may be due to gas but insignificant amount of oil na.

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honeric01: you mean no oil in edo state?

I thought that the appropriation of Edo Oil wells by Ondo and Delta States, in Conivance with the National Boundary Commission and Revenue Mobilization and Fiscal Commission rendered Edo state, less of an oil producing state. Have you been able to reverse the injustice?

Please inform me of the percent of the 10% onshore oil production of the total production of (on/offshore)Nigeria, comes from Edo. Apologies if my assumption is erroneous.

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jason123: The funny thing is that honeric 01 is Edo! Is Edo not Niger-delta?

https://www.nairaland.com/582289/bini-insults/4#8811665
https://www.nairaland.com/471038/this-benin-city/2#6323753

Must we have the same crazy mentality before we are considered "Niger-deltans"?

One would have thought by now that you'd have realized that if there is no oil in your area, those people do not consider you to be part of ND. For their purposes, alignment with SE regions with potential oil reserves is more important than accepting that you people are Niger Delta. You too, are sadly, considered to be parasites.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

Dede1: @POST

In my book, Ojukwu is not a mere leader of Ndigbo but a symbol of struggle, survival of Ndigbo extermination, spirit to fight, oppression against aggressor, amalgam of Igbo political philosophy and moment of unity.

^^+1

The thought of replacing Ojukwu with leaders who are yet to prove themselves and even 1st term governors is essentially foolhardy. No one can replace Ojukwu, period!

BTW: what title or leadership position did Ojukwu hold that you people believe needs to be awarded to someone else? None of the leader in the horizon are fit to untie Ikemba's shoes let alone replace him among Ndigbo. Next thing you know, peons like Onlytruthlies will start believing that they are capable of replacing the great Ikemba. Nonsense!

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The people who made this proposal should be arrested for attempting to incite violence and incite treasonous acts.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

Zulele: @Beaf....,In as much you have answers to evryone here,you irritate me with them! You should have somtin productive to channel you time into....
@All....,I rarely comment here, i cant help bt chip in somting to contribute to this bashing that you are giving to each other....Sad Dumbed-down Nigerians fighting
each other along tribal and religious
divides just as they have been
brainwashed and programmed to do by
the ruling elite. Sad Nigerians never learn.
The few cannot control the many. They manipulate the many to control
themselves. Classical Hegelian Dialectic -
always works on ignoramuses. Keep
fighting along Ibo/Yoruba/Hausa/Ijaw/
Niger-Delta/Christian/Muslim/Orthodox/
protestant/pentecostal NW/SS/SW/SE divides and see if it gets any of us out of
all the hardship and slavery that has been
imposed on us by the ruling elite, thanks
to our ignorance. These guys are sucking
us dry at the top and here we are fighting
each other. Until we open our eyes and break out of this religious/ethnic/
regional divide-and-conquer control grid,
we will forever remain slaves to the ruling
elite.

^+1000

You've posted the truth in the bolded above. As soon as people start reigning insults on you due to your post, you would have succeeded in getting the message across. Kudos

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

It is in the best interest of you people, at least for the next 50years, to learn to look at your problems as national problems rather than tribal ones. The demise of any one region, will directly affect other regions. You will remain uncivilized and slaves to the usual suspects, if you don't break out of your cocoon of ignorant tribalism and racism. Gba be!

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

The usual suspects are unable to make any comment on this positive development. hmm

Thanks to the Islamic bank, the marginalized and exploited God's children, the Almajiris, will be delivered. Only last month, President Goodluck Jonathan approved the establishment of 400 Amajiri schools across the country, according to the Minister of Education, Prof. Ruqayyatu Rufa’i.

According to the minister, the government is doing everything possible to provide equal educational opportunities to all school aged children in the country. With the availability of this N15.6billion, we may see good results, for a change. The federal government should match the donation by the Islamic Bank.

The Islamic Development Bank Group (IDB) belingual education programme will support the Nigerian government policy with $98million to integrate and modernise Almajiri and Tsangaya schools.

This was disclosed yesterday by the President of the Islamic Development Bank Group, Dr. Ahmad Mohamed Ali.
Dr. Mohamed spoke at the opening ceremony of the Nigeria- IDB Business Forum in Abuja. He said the programme is designed to bridge the gap between the two education systems, Madrassas and Formal schools.
He said: “It is to promote unity, cohesion, encourage peace and harmony, mutual respect and cultural tolerance and understanding, with a positive impact on Millennium Development Goal education goals, and inclusive and value based education.

“It will get the Almajaris out of the street and give them an equal opportunity to compete for jobs and earn a decent living.

“In the agricultural sector, Nigeria is regarded as one of the countries with the highest untapped agricultural potentials in the world. The IDB Group is prepared to support the development in this sector and help attract foreign investment from other countries in order to enhance food security in the sub-region.

“In this regard, through the IDB Group’s flagship initiative of reverse linkages, aimed at proactively enhancing South-South coorperation among member countries, the Bank has made arrangements with the Indonesian government to provide training for a group of Nigerian experts and technicians in the field of water resources management, small scale dams, small hydro power plants and irrigation networks to learn from that countries experience success stories.

“This is an opportunity for Nigerians involved in agriculture, food security and water resources management to benefit from technology adaptation and diffusion.

http://www.thenationonlineng.net/2011/index.php/business/39935-islamic-bank-to-support-govt-with-98m.html

Jakumooooo!!!

Onlytruth: hmm, ndu-chucks I did not know that you are also a coward. I know you are a leprous snake hiding in the sand to strike at your unsuspecting victim, but I never knew you are also a REAL coward. hehe!
So, all the praise you poured on Ojukwu in the last few weeks as he was accorded WORLD ACCLAIM during his burial was just an Yoruba hot air? It was all a farce ko?
Not that I ever believed you anyway, but to think that you are so cowardly.
Nna na wa o.
BTW I amended your mantra to suit facts.
We shall help you fulfill it insha allah.

shatap dia!!! jp phillips analysis makes sense in terms of possible initial motives of Ojukwu. None of that takes away from his greatness as a Nigerian. Even if Ojukwu was initially motivated by what jp phillips posted, the man has more than redeemed himself. I am completely immune to you labels, you can call me all you want and abuse as you see fit. This is your customary way of dealing with people who disagree with you on one point or the other. None of you olodo's of today come anywhere close to Ikemba's greatness and brilliance.

Okwute Warri boys piafuka gi isi, Ewu efulefu.

P.S. Eze NL Gburugburu, call you flock to order. It takes 2 to fight, if you people stop responding, these childish insults will stop and the thread will die a natural death.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

Dede1: Even the drunken soldiers from northern region knew the western and midwestern regions could not kill a housefly if left to punch their respective feather weights. Yet loudmouthed ingrates would boast about wrestling matches baptized as kiriji wars and the gallantry of one incompetent commander named Ben

Ah Ah, una go soon wound person for hia.


Frankly many of these posts especially those accompanied by weird graphics, though hilarious, are quite disgraceful. You people should stop already. Geeez.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

jp philips: [b]ojukwu's finger prints are all over kaduna nzeogwu's coup, you seriously don't think it is a coincidence that such hit pulled by his kinsmen could be largely successful without the blessing of an influential one of them highly placed in the army that was functioning like a cult? the same force of coincidence that spared the eastern top guns?

you could remember that the pogrom started in the army where some people thought it was a mere rival military cult skirmish, the westerners did not spare the ibos either

it is commonsensical to assume that ojukwu a historian from oxford is aware of the UN resolution on genocide enacted shortly after the second world war. a tool that could bring gowon to justice if he really cared about the ibos, the irony was he exploited that tool when his people were starving and used same tool to call for truce after he left on exile

ojukwu's father was one of the few Africans that enjoyed royalties from British oil companies in the late 50's a feature people like me thought he could have explored to use the British influence to put gowon on a tight leach a move that could have saved countless igbo lives,
it is no news that he pulled the same strings during the hunger era of the war.

ojukwu's agenda at the Aburi conference has no single ibo interest, by bamboozling gowon to ratify confederation is an act of WAR an oxford graduate should know better.
how it saves the pogrom is what eludes Albert Einstein.

if the hit in the army had succeeded, the ojukwu boys could have been in total control of the army, since his father has the biggest economic interest in the country,transport, shipping, oil and gas not excluded, the smart historian could take a political stage. does the picture fit? army plus economy equals, that reminds me, till death, he remained a political figure, what happened to Nelson mandela's heroic style?

oh!! i forgot to add that he wasn't a member of the supreme military council which robs him the right to decide for them who should be the next head of state.

lastly

my heroes don't run, i will chose a hitler anyday over a gallant soldier who forgot his purse on the last plane from Uli enroute ivory coast,

my heroes die in the struggle for what they believe in, for one that has wasted so much lives and took to his heels? hell no!!! he doesn't qualify, i believe he will learn a lot from real heroes in the great beyond.

adieu!!!! Emeka
can u pass the coffee please.

[/b]

^^^ jp philips, jp philips o, jp philips!! How many time I call ya name? stop this kind of objective and reasonable analysis, or you'll face the wrath of our resident historian and revisionist-in-chief, the one and only Dede1.

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texazzpete: I am filled with the utmost respect for you after reading this. Even with your differences with Sanusi and his management style, you will not descend into the gutter like the OP has done.
We have had many differences in the past (and harsh words have been exchanged) but there is no mistaking common sense. Well done.

I completely agree with the above statement. naijaking1, while on the wrong side of many issues, always seems to be graceful when he expresses disagreements. I've tried several times, unsuccessfully, to jack his chain, but he remains a gentleman. I will gladly share Pito with him anytime I find him in Kano where he has several houses.

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Dede1: I have tried very hard not to leave any stone unturned when I write about Nigeria/Biafra civil war. In most cases, I chose not to hide behind any nomenclatural crap such as region or political zone to state my facts. Those who tend to hide their ethnically born atrocity or hatred against Biafrans had continued to distort facts about Biafra. Some had idiotically labeled Biafra as an Igbo affair and few had moronically injected the idea of neutrality into the conflict. In each case, the detractors had looked foolish in attempted to skew the facts.

It is unfortunate you have dangerously displayed your ignorance on the subject matter. I can judge your level of knowledge about the ethnicities in Nigeria but must be informed Biafra not inclusive of Yoruba, Edo, Ishan, Urhobo, Ijo (western) and Itsekiri did not make it solely an Igbo affair.

Biafra was purely affair of eastern region and Igbo (midwaetern region). In case you have letdown on retentive memory, eastern region was/is home of many ethnic groups in Nigeria such as Igbo, Ibibio, Annang, Ogoni, Ejegam, Efik, Ekoi, Atama and Ijo (eastern region). It is foolhardy for any person of human intellect to regard Biafra as Igbo affairs when sons and daughters of the ethnicities in eastern region contributed immensely to the actualization of Biafra.

I have looked far and wide; there is no iota of evidence to show I have corroborated your delusional thought that Biafra was solely an Igbo idea in all my posts.

As usual you continue with your campaign of revisionism which has lately become your new way of prosecuting the biafran war, which you lost decades ago. Let it go, its over, you lost!!

Your claim that Ibibio, Annang, Ogoni, Ejegam, Efik, Ekoi, Atama and Ijo were part of your decision to secede is preposterous. You ignored the fact that after the coup and counter coup of 1966, as a means of holding the country together in the last result, the country was divided into twelve states from the original four regions in May 1967.

The former Eastern Region under Eze Ndigbo Gburugburu Lt. Col. Ojukwu (RIP) saw the act of the creation of states by decree "without consultation" as the last straw, and declared the Region an independent state of "Biafra". Pray tell, did he consult with the ethnic groups you listed as being part of the old Eastern region?

The Federal Government in Lagos saw this as an act of secession and illegal. Several meetings were held to resolve the issue peacefully without success. To avoid disintegration of the country, the central government was left with only one choice of bringing back the Region to the main fold by force. Hence the civil way. Shikena.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

rayparker: It was our security agents that wasnt smart enough to understand that such mission should be coveat,even within other agents in their system

The Sapele suicide bomber died in custody, the mastermind of this kidnapping also died in custody. These incompetent and compromised security operatives will ruin GEJ's legacy if he does not take the bull by the hornns very quickly.

Yinkay: If you Daboh me, I will Tarka you. Case finally closed

If you remember the discrepancies and cat fights between Tarka and Daboh, then you must be an old coot or a good 'recent' historian.

RIP Daboh

Deep Sight: Liquidity Management: The Bank is empowered to carry out market activities including but
not limited to issuing, placing, selling, repurchasing, amortising and redeeming securities, for
the purpose of maintaining monetary stability. This is not new, however under what is newly
referred to as a developmental function the Bank may subscribe to or hold and sell shares
and debentures, for the purpose of promoting and developing not only the capital markets
but also encouraging financial/economic growth and development.


^ ^ ^ This post here ought to have shown Mr. Ndu Chuks his sad ignorance in this matter already!

Deep Sight, if you are planning to excel as a lawyer, you must learn how to read and spell. My screen name is Ndu_Chucks not Ndu Chuks; Note the second 'c' in Chucks.

Your main point is that the said CBN grant was illegal. You are now attempting to tell us that what you posted above conclusively means that, the grant is notr covered under the so-called developmental function. This argument is weak at best.

Note the bolded above and it should be very obvious to you that the activities listed, including subscription and selling of shares fall under developmental functions of the CBN. There is nothing whatsoever in your post which specifically or implicitly precludes the CBN from awarding grants to Universities, states or individuals. I'm sure that you are not naive enough to think that there are no other activities, besides what you listed, which fall under the developmental function. Oga, go back to the library.

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TO KEEP NIGERIA ONE IS A TASK THAT MUST BE DONE

Deep Sight: Liquidity Management: The Bank is empowered to carry out market activities including but
not limited to issuing, placing, selling, repurchasing, amortising and redeeming securities, for
the purpose of maintaining monetary stability. This is not new, however [b]under what is newly
referred to as a developmental function the Bank may subscribe to or hold and sell shares
and debentures, for the purpose of promoting and developing not only the capital markets
but also encouraging financial/economic growth and development. [/b]


^ ^ ^ This post here ought to have shown Mr. Ndu Chuks his sad ignorance in this matter already!

Deep Sight, if you are planning to excel as a lawyer, you must learn how to read and spell. My screen name is Ndu_Chucks not Ndu Chuks; Note the second 'c' in Chucks.

Your main point is that the said CBN grant was illegal. You are now attempting to tell us that what you posted above conclusively means that, the grant is notr covered under the so-called developmental function. This argument is weak at best.

Note the bolded above and it should be very obvious to you that the activities listed, including subscription and selling of shares fall under developmental functions of the CBN. There is nothing whatsoever in your post which specifically or implicitly precludes the CBN from awarding grants to Universities, states or individuals. I'm sure that you are not naive enough to think that there are no other activities, besides what you listed, which fall under the developmental function. Oga, go back to the library.

Beaf: Whats all the "legalese" you keep talking about, while making arguments that are poverty stricken and kwashiorkored at best?

Arguments can be poverty stricken and kwashiorkored according to the above olodo. I hope your reference to kwashiorkor was not intended to open old wounds. You'll be on your own when aggressive biafrans descend on you.

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