₦airaland Forum

[quote author=Abu-Maryam link=topic=713160.msg8714901#msg8714901 date=1310639618]what i don't understand in your post is, did you mean Boko Haramees are better than Mend or what ?? Mend are far better than Boko haramees, they are kidnapping not taking human shelter, If boko haramees are true born of their fathers let them have a base like mend, let them have a uniform and distinguish themselves from civilian. Let them come out koro koro like Mend. The useless organisation are taking shelter with civilian and carry out their atrocities. If they want to win my support let them unveil their bases. I'm optimistic our brutal armies will lynch them in a night. But now look at the civilian casualities they'r coursing, with a wide merging you can't call haramees warriors and call MEND cowards,unless you are a hypocrite.[/quote]Abu-Maryam, believe it or not, I am in complete agreement with what you wrote up there. You asked: “did you mean Boko Haramees are better than Mend or what ??” The answer is, absolutely not. Both organizations have killed innocent Nigerians and as such are criminal murderers. You closed your post with the statement “you can't call haramees warriors and call MEND cowards,unless you are a hypocrite.” Guess what? I am in complete agreement with that statement as well. I’ve never called Boko Haramees warriors.
I assumed that your post was written ‘tongue-in-cheek’ or that you misunderstood mine. All I am saying is that MEND is not what it claims to be. dan'uwa na, read my comments to Katsumoto.

[quote author=ekt_bear link=topic=713160.msg8715100#msg8715100 date=1310641218]MEND is under no obligation to ramp up their activities just because Boko Haram is. This is pretty silly reasoning, dude.[/quote]What kind of an opprobrious post is this? Where in my post did I suggest that MEND is under any obligation to ramp of their activities just because Boko Haram is? Did you read the post at all?

Katsumoto:
Are you suggesting that MEND should engage Boko Haram or that MEND should go into competition with Boko Haram to ascertain who is more adept at destruction? At the end of the day, they are two different organizations with different objectives and consequently will have different strategy.
Pepsi may respond to a new soft drink introduction from Coke but it would be foolish for ExxonMobil to respond to such initiatives.

I don’t believe that even you missed the point I was making, stop pretending jor. Competition with Boko Haram ke?
What I was attempting to do in the post was to open the yansh of MEND’s, the same way I open yours, FACE’s, and other intellectuals who come here and attempt to rewrite history.
If MEND is serious about the emancipation of ND, is this not the right time for them to squeeze the government, now that Boko haram has the gov’t on the ropes? Instead of putting the squeeze on the government when the government would rather not deal with additional problems, they’ve remained completely silent. In the meantime our people in the ND remain poor and marginalized, our land remains polluted, and our youths remain unemployed. No one is saying that MEND should use the same strategy as Boko Haram.

I've always believed that MEND is an terrorist organization made up of criminal gangs financed by politicians for financial gains. Their calls for self determination of the ND people is nothing but a ruse. They kidnap and bomb innocent citizens, blow up oil installations and pipelines to facilitate their bunkering and criminal activities.

At the end of the day, the region remains as polluted as ever, the people remain poorer than church rats.

Boko haram is now throwing bombs on a daily basis and has the government on the ropes. One would think that, this would be the best time for MEND to escalate its activities and demands for justice and their own 'nation'. But guess what, MEND has never been about the self determination of the  ND people. The thieves and thugs who are members of MEND benefit from the status quo. This is the reason why their sponsors, the thieving politicians and bunkerers have told them to return to their rat holes and remain silent. Since Boko Haram stepped up their game, there has been No bomb threats, no bombing, no kidnapping, no blowing up of major oil facilities e.t.c. by MEND

To all members of MEND, I say you have been exposed as common criminals and terrorists.  Shame on you people.

Okorocha is borrowing a leaf from the great General Murtala Ramat Mohammed. This kind of action made Mohammed a loved head of state. He tenure was unfortunately cut short by awon olote.

Obiagu1:
The said Fulanis have fled the area and the youths had no one to descend on hence the riot.

Son of a gun!!!! What a brilliant excuse from a warrior! make una no kill person this afternoon o.


www.nairaland.com/attachments/180447_ROTFLMAO_gif3d0c775232c7f27cf80592785b9635b6

[quote author=PROUD-IGBO link=topic=711381.msg8700430#msg8700430 date=1310465870]^^^ If ever i had doubts as to your being Igbo or not, the bolded above has finally layed those doubts to rest. No true Igbo son would type and attach that nonsense. Nice one mate. [/quote]You sound like a dullard. I will continue to refer to these weak home based Imolites, as 'you people'. I trust that no one can do such a thing to my Abriba people in Abia and get away scott free. Trust me on that. Proud Igbo ko,  Proud Akitan ni. olodo


@Exeuche, please please tell me you are not Abriba.

May the souls of the dead rest in peace. May the abused women be provided with all the help they need.

The sad truth is that the tough Igbo boys who can cut you up in a moment, who are tough enough to deal with this kind of violence, if the story is accurate, Igbo boys who would defend their land and people with their lives, the likes of Eziachi when he was much younger, have unfortunately been lost to the civil war. What we have left are effeminate internet warriors like Ezeuche and other Sisi boys hiding out in diaspora calling for the youth to act. What a shame!!

No wonder the former Imo governor single-handedly terrorized them for 4 years to the point of beating their youths and Pastors with belts and cudgels with impunity.

Our people talk say: Ihe ka-nte bata n'onu nte, nte etefu (when something wey pass cricket enter cricket hole, cricket go tear race.) That was exactly what happened in this case.

Sorry to post this emoticon, but I couldn't help myself. I remember when you people were poking fun at Ekiti people, but I never expected that you were weaker than supposed weaklins.

www.nairaland.com/attachments/180447_ROTFLMAO_gif3d0c775232c7f27cf80592785b9635b6

EzeUche:
Now one of the most dangerous Fulani, Ndu chuks has entered this thread. The one who speaks Igbo like a true son of the soil.

Nwannem maramma, Would you jump in a lake if you found out that I had more Igbo blood in me than you do?

May the souls of the deceased rest in peace.

What da heck is wrong with you people? Fellow Nigerian citizens who do not belong to the elite class have just been killed in cold blood by equally marginalized Nigerian citizens, yet you people are here flxing muscles which are as soft and weak as those of my lovely 102 year old grand father!! You should be arranging protests and writing letters to your leaders to deal with this new o.rgy of violence in this country.

To you irrational posters, I say Egbe ndi Israeli piafuka gi ======= make una no make me vex o.

Update from TheNation

A bomb blast at Fokado Street, off Maiduguri Road in Kaduna, on Sunday left more than 20 people seriously injured.

A victim of the blast, Mr. Solomon Aliyu, 34, told the News Agency of Nigeria (NAN) shortly after the incident that the blast occurred around 11:20 p.m., destroying three buildings in the area.

Aliyu, who sustained an injury on his left leg from the blast, was treated at a nearby clinic.

He said that other victims with serious injuries were on admission and were being treated at Alba and Logus clinics on Constitution Road and Maiduguri Road by Oshogbo Road respectively.

Aliyu, who said he was escorted home by soldiers after receiving treatment at the Alba clinic, said that security personnel were combing the area for suspects.

The coordinator of the Joint Security Taskforce (Operation Yaki) in the state, retired Col. Gabriel Mamman, could not confirm the blast, but promised to do so after ascertaining the true position of things.


http://www.thenationonlineng.net/2011/index.php/news-update/12056-bomb-blast-injures-20-in-kaduna.html

Katsumoto:
You really think you can lecture me on Economics? You are too funny? You simply don't understand the basics of Money classifications and you want to lecture someone else. Whether M1, M2, M3 (US) or MO, M4 (UK), an increase in the supply of money results in higher inflation; this is the 9th principle of Economics.

BTW, I didn't blame SLS for the high inflation in Nigeria; I blamed him for increasing the money supply to save Banks that did not have liquidity problems in the short term in an economy with double digit inflation. Your name calling serves no purpose and only exposes your inability to deal with facts and engage in polite debate.

I quoted you when I was attempting to show manny4life that it is foolhardy to blame sanusi for the high inflation in Nigeria because I thought your quoted statement was made in support of his claim. I'm happy to note that unlike the likes of manny4life, you are not blaming Sanusi for this issue.

BTW, I will not attempt to lecture you, of all people, on Economics because I know better. We all know that you are an expert in this area - this is also the reason why I believe that this enquiry of yours, as stated in your first post is bogus.

chamber2:
You seem to be missing something very important.Money supply simply means the total amount of money in an economy at a given time.This includes currency in circulation and demand deposits.For your information, Money supply has a great impact on the price level, inflation and the business cycle.There is a direct relationship b/w longterm price inflation and money supply growth.Though this relationship is still being questioned by some economists, but empirical findings seem to support the claim.

So, when the CBN injects a huge amount of money into circulation through the banks, where do you think this money ultimately goes?Ultimately, the money finds itself to the economy.Also, when we say a bank is distressed what it means is that the bank is unable to meet it's customer's financial obligations.So, when the cbn pumps money into these banks in the form of bailout the money ultimately finds its way into the economy, part remains in the bank and that is what constitutes the money supply.These activities of increased money supply if not matched with increase in the productive capacity of the economy leads to inflation.And this is the case of Nigeria.

This epistle of yours was unnecessary and should have been saved for your freshmen students. Can you people read at all, who is saying that the money injected did not go into the money supply? The point you misssed was that, that injection alone cannot be blamed for the inflation rate of 10%. olodo.

manny4life: Voodoo economics?

I laugh in Swahili,

Besides, based on what u said, since SLS took such decisive actions to check excesses of bank execs, inflation rate shouldn't have surpassed when he took office, I guess that's inevitable. I guess the way to salvage banks was to pump about 10% more money in circulation pushing inflation to same amount of injection.

Katsumoto: You are very funny. How will 5 banks failing increase the money in supply?  Money can only be increased through the actions of a Central Bank.

Both of you guys don't fool me for a minute. Your posts above suggest that you are ignorant of the causes of inflation by telling us that it was the money which sanusi and CBN pumped into bailing out the banks that are responsible for pushing inflation upwards. This technique of yours amounts to lying with statistics. Yes money supply affects inflation, you however conveniently blame Sanusi's injection for inflation while ignoring the other 2 money supplies (so-called M2 & M3) and several other major factors.  Your monetarists explanation of the cause of the 10% inflation is selective at best and probably intellectually dishonest.

You all do not need to be educated in Economics so I am not going to waste my time.  You all come across as overfed Sanusi haters and elitists, who cannot stand the successes and international recognition  achieved by an ordinary Mallam who does not belong to your PhD elitist club.

I honestly do not think this administration understands the resolve of these people (Boko Haram), there has not been any effective action by the government to deal with the issue of violence by Boko Haram and others. The government's (JTF) response has been to terrorise innocent citizens.

In 2010 bombs and rocket launchers from Iran were intercepted  by customs officials. Do we know how many were successfully imported?

I believe its time to cash in on our friendship with USA and request for drones, electronic surveillance equipment, and other tools for effectively fighting terrorism of the kind we are now experiencing in Nigeria. I believe that the US government knows the sponsors of Boko Haram and must have shared some intelligence with GEJ's government. Some big names need to be arrested with immediate effect.  

When is GEJ going to round up all the stakeholders for an emergency meeting in Abuja? Why not convene a meeting with IBB, Buhari, Shehu of Bornu, and other Northern leaders in an attempt to find a solution? Is this government waiting for these groups to use their rocket launchers  to attack the NASS before they act decisively

VoodooDoll:
So, marks out of 10, where 1 is poor and 10 is good.
- Inflation rate (2009:11.1%, 2011: 13%)
- Foreign Exchange Management USD/Naira (2009: N147, 2011: N156)
- Capital formation (No data) But anecdotal evidence suggests this has worsened as banks balance sheets have taken a beating.  Next year's daily cash limit is expected to cause some concerns.

Katsumoto:
Thanks for this

May I recommend that you provide us some data on what your dependable research estimates the inflation and exchange rates would have been, if the CBN under Sanusi had not taken decisive actions to check the excesses of a few bank executives? My guess is Inflation rates would have been closer to 20-22% and USD/NAIRA would have been more like N180.  Your sound estimates will enable us to be less inclined at classifying your analysis and Katsumoto’s thanksgiving as essentially based on ‘Voodoo economics’.

@katsumoto, I'll let you continue with your exercise. You simply seem to have already made up your mind on the questions you raised. That is the root of my objections.

Sanusi for president, 2015!!

Katsumoto. If you are sincere, you'd be more concerned with the expertise of the members of the CBN Board of directors who are charged as follows: "There shall be for the Bank, a Board of Directors (hereafter in this Decree referred to as "the Board" which shall be responsible for the policy and general administration of the affairs and business of the Bank".

Do you find expertise in macroeconomic lacking in this board? Do you even know who the members are and their expertise? This is where you should start if you want to be taken seriously. This witch hunt is not useful.

[quote author=ekt_bear link=topic=710377.msg8689965#msg8689965 date=1310322985]Why do you claim he has a solid background in macro? The undergrad and possibly masters level courses he took in the 80s you think is enough?[/quote]Why are you attempting to help Katsumoto dig out of the hole he dug jimself into? You don't fool me either - you know the point I was making precisely, jo.

naijaking1:
My brother, here we go again. Does discussing SLS shortcomings constitute intellectual laziness? I don't think so.
International awards don't equate concrete success on the ground. Many of these awards are sometimes given just for participation, showing up, and dressing "funny" Awards mean nothing if the results on the ground are in the negative terriotary.

Note, if the unemployement improved, nobody would have doubted SLS qualifications, if the banks are healthy, we would all sing kumbayaaaaaah
If the economy is stable, inching along, or even potentially better, we would all hail SLS the 'banking wizard'.
No, none of the above, and you want us to come look at his award certificate from from some organizations You tell me who then is intellectually lazy.

The economy is getting worse, people have less confidence in banks and banking products, policies are made at whims and changed the next day---for no reason. All because, SLS is NOT qualified for the office he presently occupies.

Remember the directive about ATM locations? On coming into office, SLS decreed that "fortwith, no bank is allowed to have ATM outside their premises" A year later, it became obvious that the silly policy led to overcrowding of the bank premises. And what does the "smart" CBN governor do? He simply issues another directive saying that "fortwith, banks should have ATMs outside their premises"

It may sound funny to an outsider, but consider what inconvience and loss of money, and the punishment bank customers take, just because SLS has no ability to predict the consequences of his own official policies.

nwannem maramma, You have placed the blame for the dire economic conditions squarely on Sanusi, ko?  May I inform you that if only 40% of the looted funds by your politicians, including the N40billion loan obtained by Bankole to fund bogus salaries, had been invested on infrastructure e.t.c the country would not be in the podsition we now find ourselves. This same sanusi,  exposed and dealt with the bankers who ruined our economy and several lives due to looting shareholder funds and funds belonging to depositors. Your blame is misdirected o.

@ekt_bear, for your information the CBN decree states that: "There shall be for the Bank, a Board of Directors (hereafter in this Decree referred to as "the Board" which shall be responsible for the policy and general administration of the affairs and business of the Bank".  If CBN takes any action, is is due to the collective action of the Board and not just Sanusi.

Katsumoto:
Stop personalising this issue; just tell us why you think Sanusi is qualified for the role. What are your views on his very obvious lack of grounding in macroeconomic theory and policy? Stop jumping to his defense because he is Hausa Fulani like you. Why should Nigerians care about his award from an International magazine? Let us look at the effects of his actions and policies as well as the rationale behind it.

You started the thread by claiming that your objective is to educate yourself, I quote you verbatim: "I have decided to start this thread with the objective of educating myself on SLS". You now claim as shown in the bolded text above that Sanusi obviously lacks grounding in macroeconomic theory! Haba!

You should have started the thread by declaring that Sanusi is a terrorist and presented that idea for discussion. We are not fools here.

Katsumoto:
I don't know why Seun moved it here but I am getting tired of the despotic manner in which threads are moved. There has to be a basic understanding of a subject. We are not discussing the business abgle of the CBN; what we are discussing are the economic impacts of the CBN and the political undertones in the appointment of the CBN Governor.

What is wrong with you people? Are you admitting that you started this thread for political purposes? This topic belongs in the Business/Money section, period! The thread is even on the front page - what else do you want?  I knew you were not interested in discussing Sanusi from the business/money standpoint, but your aim was to attempt to crusify him. You claim you are discussing the economic impact of the CBN - pray tell, is that closer to business/money than politics? abi you sef don join olodos ni? 

I'd like to believe that many of the posters on this thread are not daft enough to believe that CBN is governed in an autocratic manner. I hope you are not intellectually lazy enough that you have no idea who the decision makers in the CBN are, their qualifications, or their publications. You Nigerians are usually charmed by titles and bragging rights, Dr, this, Engr. that, Quantity Surveyor this, Alhaji Pastor Professor that, e.t.c Publications are good but do not make one, an effective banker.

You people should save your Sanusi witch hunt, because some of your intellectual superiors have already answered the questions you are raising. I know you people can google but you refused to do an honest examination but prefer to crucify Sanusi here. It suffices to say that Mallam Lamido Aminu Sanusi was named as the Central Bank Governor of 2010 for both the African continent and the entire world, by the prestigious Banker Magazine. Publication or not! If you are not too lazy, google other international awards he has aquired in his short time in office.

I am suspicious of the motive of the author of this thread, a Nler who is definitely not intellectually lazy.

Seun:
If it's ok for the army to attack innocent civilians, then how are they different from Boko Haram??

This is a key question. Killing of innocent civilians by any group, Boko Haram or the Army is an act of cowardice and a disgrace. I'm afraid JTF and the Army is ill-equipped to fight Boko Haram. The buck stops with the President who is the commander-in-chief. He needs to act very urgently and protect innocent and unarmed civilians from these senseless killings.

GEJ, GEJ,GEJ!!! London is burning o. Act now.

After a short lull in violent activities, Nigerian islamists group, Boko Haram,  resurfaced yesterday in Maiduguri tossing a bomb at the Joint Task Force in Kaleri, London  Chiki ward and starting a fire fight with the military men after the bomb exploded.

Early today the group also bombed a target near the College of Legal and Islamic studies in the downtown area.

Also the Governor of the state, Kashim Shettima, barely escaped a bomb attack as a 10 year old boy bearing a bomb approached his delegation where he had gone to pay a condolence visit in the AA Kotoko residential area.

Security agencies said they intercepted the 10 year old dispossesed him of the bomb and then defused it.   

Meanwhile, residents said the military taskforce went berserk after the daring attack in the housing Estate at London Chiki ward. The security apparatus descended on civilians it had earlier warned to refrain from supporting the militants. Eyewitnesses said the military arbitrarily shot and killed innocent civilians in the area after the Islamic militants had fled.

A total ban on motorbikes in the city did not stop the militants from operating as they now use personal unmarked cars to carry  out their deadly operations.

http://saharareporters.com/news-page/boko-haram-explodes-several-bombs-less-24-hours-military-task-force-defuse-bomb-carried-10

GEJ, GEJ, GEJ!!! Hpw many times I call ya name?? London is burning o.!!! How in the world  did the prisoners smuggle in AK47 machine guns, and IEDs?  These are dangerous times.

The lives of two prison warders and other security agents at the Warri Central Prisons, Warri, Delta State, hung in the balance yesterday after they were shot by prisoners who successfully staged a jail break at the medium security prison. 

It was gathered that the prisoners used a bomb, suspected to be HED (homemade Explosive Device), to blast an escape hole through the Oki Street axis of the nearly-30ft-high prison wall. 

Although the Controller of the prison, Chris Okoye, could not be reached for comment, a source said, “He reported hearing the blast  about 5pm. He said before then there was a scuffle between some of the prisoners, which was obviously diversionary.”

He said the blast occurred in a cell holding hardened criminals, including armed robbers and kidnappers.

The explosion reportedly occurred about 5pm, during the heavy rain that fell in the city and other neighbouring towns. Residents of nearby Upper, Essi and Mission roads reported hearing heavy gunfire during the time.

Eyewitnesses said the escaped prisoners wielded sophisticated weapons, including AK-47 rifles, the source of which could not be ascertained at press time.     
It was gathered that they turned the weapons on the wardens and other security agents at the scene after blowing the escape route. 

The Nation learnt that scores of wardens and mobile policemen attached to the prison were seriously injured; two who were critically shot were being treated at a secret location in the oil city.

Our correspondent could not immediately ascertain at the time of this report last night the number of prisoners that successful escaped from the prison located on Okereke Road by Upper Erejuwa Junction but it was gathered that at least two inmates were yet unaccounted for.

“They blasted a hole through the prison wall and shot randomly at the warders and policemen on guard at the prison as they escaped through the leeway. Although it was not clear how they got the equipment in, the way they were used took everybody by surprise,” said a source.

Information that the masterminds had external and possible inside assistance could not be immediately confirmed as no relevant official could be reached for comment.

At the time of filing this report, a combined team of security personnel comprising soldiers, mobile and regular policemen had taken over the area, ostensibly in search of the escapees.

http://www.thenationonlineng.net/2011/index.php/news/11953-prisoners-escape-as-warri-prison-is-bombed.html

naijaking1:
(1)Mutallab was Sanusi's mentor who personally took him to President Yar'dua and swore about his credibility for the CBN job.
(2)Mutallab was chairman of First Bank for many years, and facilitate Sanusi's ascent into the managing director position at a time he wasn't the best qualified for that position.
(3)Mutallab is associated with Jaiz Bank which likely has transformed form Al Qaeda Bank over the years.

ngwannu, Your point (1) above may be factual, but so what? It does not make Sanusi or Mattalab Sr. a terrorist.

Point (2) only shows that Mutallab saw in Sanusi what people like you did not. Sanusi was successful beyond most people's expectations as the head of First Bank. His success there was a major factor in his nomination for the CBN job. Here again, your conjecture does not make Sanusi or Muttalab Sr. a terrorist. Poiny (3) proves nothing just like the other points you made.

Please indulge me and name any positive thing about Islam, I already know you can find quite a few negatives.

What a sad development. This is the satellite which was going to be used to fish out terrorist hideouts and smoke them out with drones. Which Alhaji is in charge of operation?

@PapaBrowne & naijaking1: You guys should be ashamed of yourselves for attempting to assasinate the characters of Sanuni and Muttalab with irresponsible conjecture based on bigoted biases.  You people should be decent enough to acknowledge that Muttalab reported his own son to US authorities - is this act typical of a terrorist?

una don fall my hand today.

[quote author=ekt_bear link=topic=709449.msg8680066#msg8680066 date=1310153007]I feel bad for Aganga[/quote]Why do you feel bad for Aganga? He is still a member of the President's cabinet with the portfolio of Commerce and Investment. He is more capable of running that ministry than that of finance while Ngozi is the best fit for Finance. This development is good for the country. I applaud his public service.

[quote author=ekt_bear link=topic=708147.msg8670211#msg8670211 date=1310046215]What on earth is Christian banking? What is Christian civil jurisprudence? When did Nigeria support or implement either?[/quote]hehehe, Malam ekt_bear, Negro_Ntns has ann excellent and valid point. You of all people should know that Judeo-Christian morality and their substance has been woven into Western jurisprudence and that our laws are based upon the said western jurisprudence.

What's good for the goose is good for the gander, buddy.  

to my opinion it is another form of banking, where instead of charging interest, the people who take loans from this system share in the profits of the bank,” she said.

Would someone be kind enough to explain what Ngozi means by the statement above? How can people who obtain loans from the bank share in the bank's profits? Why should a person obtain a no-interest loan, use the money for his own benefit and then turn arround and share in the bank's profit?

I heard her make the statement on TV. My question is, was madam on Ogogoro when she made that statement?

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