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PoliticsRe: DSS Officials Resign Over Nepotism & Bad Leadership by Nicur: 7:51am On Aug 02, 2016
like if you can't wait for 2019!! angry
PoliticsMassive Resignations Hit DSS by Nicur(op): 7:47am On Aug 02, 2016
ABUJA— A gale of resignation has hit the Department of State Services, DSS, in recent times, forcing the management of the service to temporarily place a moratorium on further voluntary resignation from personnel of the service. DSS OPERATIVES Investigations by Vanguard at the headquarters of the Nigerian secret police indicated that in the last 10 months, no fewer than 70 middle cadre and junior cadre officers had resigned from the service, both from the state commands and the national headquarters. While some of the officers resigned because they got better offers of employment from, especially embassies of western nations, others resigned because of unfavourable terms of employment they alleged had pervaded the service since the take over of the present Director General of the agency, Mallam Lawal Musa Daura. One of the staff who resigned two weeks ago, told Vanguard: “The condition of service is no longer favourable. Some allowances that we were entitled to were stopped, while others were cut in half without explanation. “Most importantly, operation allowances that we used to enjoy were stopped without any reason. And we were still expected to put in our best. If I cannot be treated well while in service, how will my family be treated well when I am dead?  It’s unfortunate that I had to leave after so much has been invested in me by this country.’’ Another personnel who said he would also leave in the next few months, told Vanguard that the condition of service was no longer palatable. “During the last dispensation, the service personnel were well motivated to do their job. We embark on dangerous covert assignments to keep the nation safe and all that we get in return is insults and suspicion from the leadership of the service. Fortunately, most of us are well trained so our services are needed by those countries that helped in training us. We cannot be jobless. If you get a better offer, it’s only natural to move” he said. Another complain given by those who left is that “there appears to be no future in remaining. When I joined the service, it was like one family. There was no regional or ethnic segmentation. What we have seen so far is perception of actions or inactions from the prism of where one comes from. We were told during training that your competence will make or mar you. That promise has been compromised. It’s no longer interesting” she said. Vanguard gathered that at the last count, five of those personnel who left were absorbed by the American Embassy, ten by several banks and other financial institutions as head of security, while about four have joined oil companies. Worried by the steady resignation, the management of the service issued a circular through departmental heads and state Directors directing that voluntary resignation by service personnel should no longer be accepted until further notice. No member of the service was ready to speak on record and the service has no official spokesman since the last one, Marylyn Ogar left service. However, a senior official of the service who spoke with vanguard in confidence claimed that the last dispensation exposed its personnel to unnecessary wealth “which is capable of compromising operational duties” “There is no way the present leadership would have continued with the shenanigans that was perpetrated in the last dispensation. Apparently the leadership wants to return the service to its founding vision which is selfless service to the nation. It’s obvious that those who cannot fit in would naturally leave” he said. It will be recalled that DSS 65 cadet officers of the service who were undergoing training at the State Services Academy, SSA, in Lagos, including a sibling of the sacked former spokes person of the service, Marilyn Ogar were asked to leave in September last year,   few weeks to their passing out. No reason was given for their dismissal which was contained in a letter by the Director General of the Department of State Service, Lawal Daura. A senior officer of the service who is familiar with the matter told Vanguard then that their sack was “inevitable” because their recruitment process was “flawed.” He explained that “What happened was that recruitment of most of these cadets   did not   follow due process. They were brought into the service by politicians without meeting the stringent requirements set by the service in recruiting its personnel. They were dumped on the service by politicians through the active connivance of the past leadership of the service. We are re-organising the service so we cannot afford to have partisan political moles in our midst” the source said. The source who is a senior operative of the service said the process of “weeding undesirable elements” who found their way into the service was ongoing. The present leadership of the service is determined to reposition the service to its professional roles. There is nothing personal about the decision of the service. It was a very painful decision in view of the investment made on them but it was a decision that must be taken” he had said.

Read more at: http://www.vanguardngr.com/2016/08/massive-resignations-hit-dss/
PoliticsRe: Good News! Buhari Breaks 50 Years Economic Record by Nicur: 5:54am On Jul 31, 2016
food for zombies!! smh
PoliticsRe: Fg’s N60bn Economic Stimulus Out Next Week by Nicur: 10:19am On Jul 30, 2016
hahahaha
PoliticsRe: FG Promises To Generate 6,000 Megawatts By Dec 2016 by Nicur: 10:14am On Jul 30, 2016
kikikikiki na today? All Promises Cancelled grin
Nairaland GeneralRe: Switzerland Set To Repatriate $321m Abacha Loot by Nicur: 10:07am On Jul 30, 2016
Abacha never stole - Buhari
BusinessRe: High Interest Rate’ll Worsen Nigerian Banks’ Woes –Fitch Ratings by Nicur: 9:05am On Jul 30, 2016
virginboy1:
Buhari : my government will pay unemployed Nigerians
5k every month. 
People be like: sai Baba... change is
here..Nigeria will rise again! .

Buhari: I never promised to pay unemployed Nigerians
5k each month. .
People be like: No mind those Jonathanians. With their
fake news. Show us links where he promised that. We
are solidly behind you. Nothing for yam eaters .

Buhari : We have started collection of data to enable us
pay the unemployed graduates 5k. .
People be like : Where are those TANoids that said
Baba is not a promise keeper...shame on all PDP.
Baba till 2023 ! .

Buhari: I wont pay 5k to unemployed youths. Its not a
priority ! .
People be like: Baba is right! Whats the use of 5k?
What can 5k do to anyone. Mr president we love u.
Best president ever! .


I wont be surprised if I wake up tomorrow and hear : .

Buhari: Unemployed Nigerians should pay 5k every
month to the government: .

And still people be like: Think of what u can do for your
country and not what your country can do for you.
Baba is right. But I know those unpatriotic wailers
wont pay


. I don't think this is ordinary
hahaha. it is not oooh there is no smoke without fire!!
PoliticsRe: Presidency: Okorocha Kicks Against Igbo Presidency Based On Zoning by Nicur: 8:56am On Jul 30, 2016
He also said he had concluded plans to reduce working days in the week for civil servants to three as against the present five working days so they could use the free days to look for alternative sources of income to augment what the government pays as salary.!!! is Rochas going madhuh or out of ideas??
PhonesRe: Which Is The Best Mifi Network To Use? by Nicur: 7:47am On Jul 30, 2016
I think swift is it for me!! their family plus 68gb for 8k 5pm to 9am, 24hrs on weekends and public holidays!! but it depends on coverage, you have to call them OR alternatively you buy a router and a modem, and use any glo subscriptions and create a Hotspot, I used to do it with airtel but now level don elevate!! grin
PoliticsRe: Alhassan "Mama Taraba" With Clutches At Jalingo In Airport by Nicur: 1:49am On Jul 30, 2016
is that not a private jet? I thought Buhari gave orders against flying private jets by public office holders?? abi all na wash like the promises?? Kai!
PoliticsRe: Young Democratic Party's INEC Certificate And Vehicle by Nicur: 7:40pm On Jul 28, 2016
Hmmmmm hope they are not wolves in sheep clothing grin
PoliticsRe: Dele Momodu Blasts Buhari!!, (must Read) by Nicur(op):
ZOMBIES be like dele momodu is IPOD YOOTS, dele momodu is a wailer grin grin !!!
PoliticsDele Momodu Blasts Buhari!!, (must Read) by Nicur(op):
How they mislead our leaders' - By Dele Momodu (must read)

In his Thisday Column this week, Ovation publisher Dele Momodu wrote about the quality of appointments we are seeing lately in Buhari's government, describing it as 'appallingly lacklustre'. He also criticized the way the president broke the Ramadan fast with so much fanfare at the State House and talked about Buhari's new fashion sense, calling it 'overly flamboyant'. Read the write up below..
"I’m back this week with my weekly epistle to fellow Nigerians and Africans. You must be wondering about the title of my article today, especially the word “they” and who it refers to ultimately. You don’t have to guess too much as I will explain to you in a jiffy. The “they” are those groups of men and women who litter the corridors of power in our dear beloved country Nigeria.
They are some wonderful people who understand how to manoeuvre their ways through the labyrinth of power. They are professional hijackers who know how to hold powerful people, particularly our leaders, hostage. Nigerians usually call them the cabal or Mafia or whatever nomenclature is in vogue at the time. Truth is, they exist in reality.

What is often baffling is that these folks perch like rattlesnakes and pounce at the slightest opportunity on the men of power. They inflict their poison and, sooner than later, their victim begins to behave unusually, even sometimes irrationally. The more the poison permeates the body, the more the victim sinks deeper into the abyss and onlookers begin to observe a complete transformation and transfiguration. Surprisingly, these guys were and are never around during the struggles. Once the struggle is over, they crawl out of whatever holes they were ensconced in whilst things were hot! And they soon become the greatest beneficiaries of a campaign they never partook of. Trust me, every government has them. If you ask me, it is one reason most of our governments have failed so spectacularly.

My preamble is predicated on my deep observation of what is going on in Nigeria at the moment. I can say I know President Muhammadu Buhari reasonably well even if I was a latter day convert to Buharism. But once I got hooked like a drug addict, I was ready to go the whole hog and I have never looked back. Buhari’s appeal is based on his populist credentials. We all saw him as a man of the people and a Mr Scrooge who would never waste scarce resources on frivolities. But the “they” of Nigeria have repackaged Baba to the extent that many now refer to him as the “Gucci President”. Every fashion designer’s delight, as he has become a veritable fashion trendsetter. Of course, this is not to denigrate the President because his previous austere style suits him as much as his now trendy look becomes him! The fact is that by his handsome, gangling and fit nature, the President will always appear impeccably turned out and well groomed. However, now, his paraphernalia of power has become somehow bloated and overly flamboyant as well. How are the mighty changing!

The existing theory is that President Buhari has inadvertently fallen victim of political 419ners who have persuaded him about how powerful a Nigerian President is and why he must play the part always by being overtly fashionable. I’m sorry to say that they are stylishly setting Baba up for monumental failure. I expect their agents to swarm the internet and abuse anyone who dare say anything about the grand scam currently going on but it won’t be strange. Every government I have known since I became an adult had such acolytes to sing their praises and hold them up as infallible. But no sooner than the baton of power changes than they disappear only to reappear sometime and somewhere in the no distant future screaming adulations of the unsuspecting new leader.

I vividly remember the period of the Shehu Shagari Presidency. The poor teacher and humble farmer could do no wrong. There was a popular Yoruba song specially composed and sang for him: “Oluwa lo yan Shagari, Shehu Shagari…” Shagari’s apotheosis was instantly assured. Those who saw the rot in the outlandishly profligate government were tagged dangerous dissidents and told to shut their traps up. Wole Soyinka, our own William Shakespeare, was one of the most vociferous critics at the time.

As days climbed days and months rode on months, the Shagari government became neurotic and saw enemies everywhere real or imagined. Out of fear for its safety and stability, the Nigeria Police Force was over-militarised as if in competition with the Nigerian Army. We watched incredulously as the police under the iron grip of probably the most powerful Inspector-General Police Nigeria ever employed, Mr Sunday Adewusi, became ostensibly omnipotent. The Shagari government controlled the heavens and the earth. The 1983 general elections was the last straw that broke the back of that government.

The end came on December 31, 1983. A terse announcement by a relatively unknown soldier at the time, named Sani Abacha, shattered the invincibility of the Shagari regime into smithereens. A new Head of State, Muhammadu Buhari and his ‘deputy’, Babatunde Idiagbon were promptly installed. They in turn wasted no time in pronouncing the direction of their government which was predicated on ‘war against indiscipline’ (WAI). That war encapsulated everything that was wrong with Nigeria. While it was a worthwhile, expedient and necessary move, the government failed to understand the complexity of Nigerians. Our people love the concept of change in the metaphysical sense but not in any way that hurts them and their families or friends. That was the reality that soon hit Buhari and Idiagbon like thunderbolts. While they were busy jailing and punishing the corrupt politicians, they were undoubtedly amassing enemies. They were goaded on by fifth columnists within and before long, it was time to strike. The end came on August 27, 1985.

The same Abacha who announced Buhari’s arrival pronounced his departure. It was such a cruel twist of fate. A supposedly friendlier, humane and urbane Head of State, Ibrahim Badamasi Babangida, was catapulted on to the national stage. He was projected as Buhari’s fairer alter ego. He opened up the cells and disgraced and humiliated politicians in their various stages of dilapidation spilled out like locusts. Buhari immediately became the bad guy and Babangida the benevolent dictator.

Where Buhari was stern-faced, Babangida wore his famous toothy smile like the archetypal good guy. That was it. Everything Buhari had built got dismantled. The solid foundation of discipline and incorruptibility he was laying was uprooted in one fell swoop! Nigerians’ penchant for good life and happy living won the day.

It wasn’t long before the “they” started digging the grave for Babangida himself. He assembled arguably one of the best teams ever, no doubt, but it remains a mystery who his real advisers were that persuaded him to turn Nigeria into a game of football. His sobriquet of Maradona, though very apt, was also an albatross. He dribbled so much and resorted to endless transition time tables. So much so, that he eventually dribbled himself into scoring an own goal. Politicians were banned and unbanned according to the whims and caprices of one man. When the elections eventually took place, on June 12, 1993, they were programmed to fail spectacularly.

Till this day no one knows what truly happened that led to our best elections ever being truncated and annulled. Pity that none of the influencers in the Nigerian polity could dissuade Babangida from committing this unfortunate and costly hara-kiri. Even worse, no one or group has come out to say they advised him against such perfidious act but he did not listen. Nigeria is yet to recover from that stupendous tragedy.

The fall came on August 27, 1993, when he suddenly stepped aside and handed over to a lame duck Interim National Government (ING) headed by Chief Ernest ‘Degunle Shonekan.

This government was as weak as they come. It lacked the liver to deliver on revalidating the annulled mandate freely given to the winner of the Presidential election, Chief Moshood Kashimawo Olawale Abiola. This would have enjoyed the wide support of the people but sadly such opportunity was missed by the inept team and the interim government was soon sacked by General Sani Abacha. Babangida had apparently set up the ING with a view to returning as a civilian President but man proposes and God disposes. His nemesis was Abacha his erstwhile compatriot and friend!

The understanding when Abacha seized power in a military coup was that he was going to right the wrongs of the June 12 elections, clean up the remnants of the Babangida loyalists and give power back to the man elected freely by Nigerians.

That turned out to be a classic case of naiveté at its most ludicrous. The man simply collected power pronto and sat down pretty. No Jupiter was going to remove him from that gilded cage. The Abacha government failed like others to learn the lessons of history and most importantly that no leader had ever succeeded in enslaving Nigerians…

I’ve deliberately taken us down memory lane to demonstrate how the demons of power have sentenced Nigeria perpetually to stupidity and backwardness. And it seems a fool at 56 is almost irredeemable from its tomfoolery unless a miracle happens. That’s the miracle we gave to President Buhari last year on a platter of gold after his fourth attempt. But things seem to be spiralling out of control. I know the President would be told all is well by those benefitting from the current state of things but, walahi, I will always tell Baba the truth. I’ve come to see him as the last hope of the masses and if he fails we all fail.

The first truth is that this government is looking too elitist and ceremonial. I’m not sure this is intentional. The amount of time, energy and resources being deployed on hosting this and that is becoming ridiculous. Whoever suggested that the President should break Ramadan fasts with so much fanfare did not do any good for a government with too many horrendous challenges. If I had any influence in this government, I will advise that government needs to demonstrate its commitments and seriousness at tackling the intractable problems. We should see pictures of brainstorming sessions. We should have and see a brilliant economic team at work.

We should see the President supervising projects nationwide in his jackboots. We should see the President appointing the many Nigerian geniuses that litter every part of the world to assist him use the power God has bestowed on him to benefit ordinary Nigerians. The qualities of appointments we are seeing lately have become appallingly lacklustre. This is not the best Nigeria can offer.

http://www.thisdaylive.com/index.php/2016/07/09/how-they-mislead-our-leaders/
CultureRe: The Yoruba Are Genetically 99.9 Percent Igbo – Study Reveals by Nicur(op): 8:54am On Jun 19, 2016
and it was even done by a Yoruba man!! grin
CultureThe Yoruba Are Genetically 99.9 Percent Igbo – Study Reveals by Nicur(op): 8:54am On Jun 19, 2016
Four of the major coastal tribes of Western Africa: the Yoruba, Igbo, Akan and the Gaa-Adangbe are dissimilar at a glance and evidently geographic neighbours, but very closely related, if examined in detail at the genetic level.

Several studies have been employed over the years, with findings bringing up linkages of genetic similarity between differing regional ethnic groups. One in particular, conducted by Adebowale Adeyemo, Guanjie Chen, Yuanxiu Chen, the National Human Genome Centre and Howard University, and Charles Rotimi of the University of Ibadan provided results indicating the genetic similarities between the four major West African ethnic groups.

Their findings further indicated surprising genetic variance within groups, but almost none across groups, similar to the closeness of human genetics across races, showing more range within than without.

According to this landmark study there was 99.9 percent within-population variance, the between-population variance was less than 0.1 percent. This means that Yorubas, Igbos, Gaa and Akan are 99.9 percent similar, while within each of the groups there are variations/differences between individuals as high as 99 percent i.e. One Igbo may be 99 percent genetically different from another Igbo, or one Yoruba person to another.



It is important to remember that these groups were not initially split by national borders; prior to the European division of the continent, these ethnic peoples traded, migrated and wedded as the times permitted, allowing apparent regional and national mixtures that remain evident in modern day genetic analyses of some Yoruba and Igbo individuals.

Race and ethnicity are considered to be related concepts. Ethnicity is often assumed to be somewhat more of a cultural identity of a group, often based on shared ancestry, language and cultural tradition, while race is assumed to be strictly a biological classification, based on genetic materials and bone structure. Ethnicity is often used synonymously with ambiguous terms such as nation or people, depending on which source of group identity is emphasized to define membership, the following types of (often mutually overlapping) groups are:

Ethno-linguistic, emphasizing shared language, dialect or script — example: Hausa.
Ethno-national, emphasizing a shared polity or sense of national identity — example: Nigerian.
Ethno-racial, emphasizing shared physical appearance based on genetic origins — example: African-American.
Ethno-regional, emphasizing a distinct local sense of belonging stemming from relative geographic isolation — example: South Islanders.
Ethno-religious, emphasizing shared affiliation with a particular religion, denomination or sect — example: Christians.

Also worthy of note is the shared Volta-Niger root languages, Yoruba and Igbo languages belong to the same family (YEAI branch), showing the common start of the diverse languages spoken by these ethnicities.

Consequently, barring the inclusion of culture, tribal affiliation and nationality, it could be said that the the Yorubas, the Igbos, the Akans and the Gaa-Adangbes are but a people spread over a wide area with different ways of life. Thus discrediting any claim of a unique Yoruba “race” or a genetically insured Igbo ethnicity often employed by politicians and traditional rulers in rhetorics and propaganda messages.

The reality, however, is the hampered economic strength of a not truly united front, with success delayed continually by the lack of pan-African sentiments on the part of the leadership, and poor economic decisions taken in an imperialist system.This is not to revile the revered skin deep differences in each group’s cultural development, but serves to indicate and rejoice in the underlying sameness of what appears ‘not’ to be.

A body does not fight itself. These kinds of research serve as a balm to the much divided heart of the ethnically-concerned West African, and to the African at large: one root, many branches; united by blood if not spirit.


Read more at http://www.herald.ng/yoruba-genetically-99-9-percent-igbo-study-reveals/#KGekdf1ryhMKPSuC.99
FoodRe: Nigerians Would Have To Pay More For Bread… by Nicur: 8:50am On Jun 19, 2016
Kudos to Buhari!!
PoliticsRe: 10 Killed, Scores Displaced As Fulani Militia Attack Benue Communities by Nicur(op): 7:44am On Jun 19, 2016
Omenka Libyans wan wipe out ur kinsmen oooh!!!!
Politics10 Killed, Scores Displaced As Fulani Militia Attack Benue Communities by Nicur(op): 7:42am On Jun 19, 2016
By Solomon Ayado
— Jun 19, 2016 5:07 am | Leave a comment
Another dastardly attack by gunmen believed to be Fulani herdsmen has occurred in Logo local government area of Benue State, killing about 10 persons and displacing scores of farmers.

LEADERSHIP Sunday gathered that the attacks occurred in Dusa and Jun villages of Turan council wards. Also, the assailants attacked the Gabo community in Nenzev ward, shot and killed persons including a community leader, women and children.

Eye witnesses said the gunmen invaded the communities through the forest near the areas and started shooting sporadically in the air. The incident happened in the night of Friday and at noon on Saturday.

Yesterday, hundreds of people in the attacked communities, both the young and aged, were seen trekking to the neighboring communities of Ugba Town and Abeda-Shitile Market to take refuge. The displaced persons have no shelter and food.

A member of the state’s house of assembly, representing Logo constituency and former chairman of the local government, Hon Terna-kester Kyenge, told LEADERSHIP Sunday that six persons including a community leader were killed in Gabo, Nenzev and one in Turan Council wards in the local government yesterday afternoon.

He condemned the attack, describing it as gruesome and barbaric but sued for peace and restraint and urged the state and federal governments to intervene in arresting the culprits and bring relief to the displaced.

“I visited Logo to commiserate with the bereaved families and met with the council leadership, traditional rulers and security agencies to find lasting solutions to the insurgence.

“I received the mutilated corpses and addressed hundreds of displaced people including women and children,” he said.

A former special assistant to Governor Gabriel Suswam on media, Chief Joseph Anawa, an indigene of the affected community, who escaped death by whiskers when he went home for a family meeting, narrated the ordeal, saying, “the attackers, Fulani herdsmen stormed the Gaambe-Tyiev area, Gwariche, Gabo, Iyonov in Nenzev and part of Ugondo communities, and they killed more than eight persons. They destroyed property in the places and several corpses of the deceased persons littered in the areas.”
http://linkis.com/leadership.ng/news/5/lkVqA
Science/TechnologyRe: Ogun River In Kara Turns To Dry Land Along Lagos-Ibadan Expressway by Nicur: 7:06am On Jun 19, 2016
the gods of the land are angry with Buhari !! angry
BusinessRe: KDJ Haliru Sells Nigerian Stew In Canada by Nicur: 12:20pm On Jun 18, 2016
Nice !! how about a powdered stew in sachet bags wink
PoliticsRe: Looters Now Keep Money In Abandoned Houses –EFCC by Nicur: 8:21am On Jun 18, 2016
lol can you imagine, leaking your enemies's secret!! you have intelligence about your enemy and you are giving it away? who are they deceiving, PROPAGANDA IS THE FOOD FOR THE SOUL OF ZOMBIES!! OYA ZOMBIES come chop! grin
PoliticsRe: Why Nigerians Should Join Me In Begging Buhari To Extradite Me From America by Nicur(op): 7:57am On Jun 18, 2016
Government of propaganda grin Zombies Oya over Una, as usual start attacking messenger not the message!! if Buhari has balls let him do the needfull, WE are tired of propaganda!!
PoliticsWhy Nigerians Should Join Me In Begging Buhari To Extradite Me From America by Nicur(op): 7:55am On Jun 18, 2016
Musiliu Obanikoro served as Nigeria’s Minister of State for Foreign Affairs in the immediate-past administration of Goodluck Jonathan.
In this exclusive interview with PREMIUM TIMES’ Samuel Ogundipe, Mr. Obanikoro, a one-term senator and former Minister of State for Defence, tells his own side of the story from his abode in the United States, as Nigeria’s anti-graft officials continue their investigations into his activities while in office, as well as those of his two sons, Jide and Gbolahan.
You dared the government to seek your extradition in a statement you released a day after your property was raided in Lagos, did you do that because you’re in America or because you’re confident of your innocence?
You know why I am laughing? Because they have trivialised government by all those senseless propaganda that they’re perpetrating all over the place. These people you’re talking about, they know they don’t have anything that will withstand judicial scrutiny.
They will never attempt any extradition. I, Musiliu Olatunde Obanikoro, am inviting EFCC to petition America to extradite me to Nigeria. The whole world would now see their charade for what it is. It is even good for everyone to know the truth, including those who are sympathisers to the All Progressives Congress.
Because, in Nigeria, you’re either on this side or the other side. But this American system is unbiased. They’re neither for me nor for them. So, let them bring the tissue of lies that they have put together and submit everything to serious judicial scrutiny and let us see whether it will fly. I am inviting them to do that.
Let them tell us how APC elections were funded if it was not government funds that they used. So why are you persecuting people that lost election and maturely and showing respect for peace and tranquility of Nigeria submitted themselves to the rule of law and accepted the verdict of the people and you’re now turning around to witchhunt them?
Maybe they’re trying to tell Nigerians in advance that if they lose elections they will not let go. And I have two good examples to show that if the APC loses election they will never hand over, they would rather destroy the system than hand over government to the winner. My son was a victim in Lagos. We won elections and they refused to hand over without blinking an eye. The councillorship election of my son and chairmanship elections were won by the PDP and they took everything away from them—just like that.


But, as the saying goes, the law is like a sieve, so it can’t catch all offenders. Similarly, if you’ve done anything to breach public trust as a minister, shouldn’t you be made to pay for your actions in order to deter others from committing similar offence?
My brother, don’t let us be naive. There are petitions against [Minister of Transport, Rotimi] Amaechi and there are petitions against [Minister of Power, Works and Housing, Tunde] Fashola with the EFCC. They have decided not to touch them because they are in government and they are in APC. We are all Nigerians, are you telling me all APC members are clean? And I am telling you authoritatively as someone who had worked extensively in security institutions in Nigeria that government funds at the state level were used to help APC win elections.
You see, it is unfortunate that these people will use propaganda to destroy people unjustly. And, in this month of Ramadan, God will visit them in his own way.
All this time they were talking about, my son, Jide, was out of Nigeria. We have evidence to show that he was not even in the country. We have evidence. That is why I am telling them to bring the matter to a neutral ground where they will subject it to proper judicial scrutiny. I am inviting them, I am begging them in the name of God. Jide was not even near Nigeria throughout the period in question. He was here in America when the whole funds they’re talking about were released. My other son, Gbolahan, didn’t have access to that kind of money. Did he work for government? How could he have that kind of funds?
Are you implying that the EFCC plucked those figures from thin air, including bank accounts and firms said to have been linked to your sons?
It is unfortunate that the media in Nigeria are allowing these people to abuse them. They’re not using you, they’re abusing you. Ask them to give you the account details —since they have decided to try this matter in the court of public opinion. Let them publish the account numbers publicly.
Why not go to the Corporate Affairs Commission and obtain those documents there independently? That is why I am saying ‘let them come and seek my extradition’ then we will see whether all the lies they’re propagating in Nigeria will fly here.
It is one thing to use their power to intimidate judges and compel them to do things that ordinarily they wouldn’t do. But because they’re trying to put everybody in a cage, they will blackmail, they will intimidate just to arrive at a desired conclusion. But luckily, God gave me the wisdom to seek more knowledge after office, that’s why I am here in America and not in Nigeria for them to persecute the way they’re persecuting others.
Tell EFCC to give you all the documents of the company and account statements from the banks. Let them publish everything in the papers. And anywhere you see Obanikoro’s name, you should crucify me.
Neither Jide nor Gbolahan has interest in Sylvan McNamara Ltd. or knows anything about the N4.7 billion fleece?
I am volunteering to pay for the publication. Tell EFCC to make them available then you call me, I will pay to have it published in the papers for all Nigerians to see. Not a kobo can be traced to me nor to my children. Not a kobo.
There’s a paper trail, this money was not just given in cash. There were bank transactions according to them. At a time they claimed the money was part of the $2.1 billion arms procurement funds. Now, they have changed it that it’s from the National Security Agency’s imprest account.
Now, assuming, but without conceding, assuming that it was from NSA’s imprest account, does the law not allow the NSA to use its imprest as it pleases when it comes to security? Does the law not allow that? Go and read their release today, they said it was from the NSA imprest account. Let me tell you, I am not defending Dasuki, he’ll defend himself. But in terms of security parlance and the challenges we were confronted, N4.2 billion was too insignificant against the threat that we faced.
I worked as Minister of State for Defence and I know the meaning of imprest account, so discretion is very key in this area.


I am telling you and I am appealing to all Nigerians to also join me in asking them to seek my extradition.
Did your sons leave Nigeria because they knew the authorities were closing in on them?
My sons have really established persecution, politically. You cannot be releasing something to the media for the past eight months and now you’re coming out to release the same thing by yourself. Something that you have used to destroy, to tarnish and reduce me in the public and going to my house without a valid court order.
They claimed I have forfeited my property, how can I forfeit a property without a due process? You see, my brother, the danger we face in Nigeria is bigger than what all of you are admitting. I am telling you, the danger you face in that country, if EFCC can go to a magistrate and lie to them and get an order that someone has forfeited his property, without a fair hearing? Without any letter inviting him to come and explain anything? Without the judge seeking to know the other side of the story before granting such forfeiture order? Nigeria is in a great trouble, my brother. We are in serious trouble. This is worse than a military era. Far worse than a military era.
I am going to petition the National Judicial Commission on the activities of the judge. I do not have any business account anywhere in the world. Since I don’t have any business, you cannot trace any money to a business account. How can you forfeit someone’s sweat without hearing from them?
Now, talking about my sons. Let me tell you, Jide went for a course in Holland–let me tell you, I want them to come to America, I am repeating myself– so that the two of us can have serious judicial scrutiny. Jide went to Holland for a course in fish farming. But it is convenient for the EFCC to go to a beer parlour shop and be speculating. You cannot say people should not go and improve themselves when they have interest.
Gbolahan also has a very good reason to be out of the country. Gbolahan has a valid explanation and a genuine and honest reason to be in America. But from what we’re seeing now, we can tell that we’re in deep political trouble with the government of the day.
Let me tell you, I will not honour any invitation from the EFCC and neither would I allow my children to be part of that charade.
Having gone to my house without inviting me or inviting my children. They subjected my grandkids, my teenage kids, my wife and daughter-in-law to this kind of embarrassment, it is evident that I cannot get any fair hearing from them.
It is unfortunate that they would jump fences into my residence in which there were two-year-old, three-year-old, four-year-old-children. Every man deserves fair hearing. You must have your day in court. Now taking that privilege away from people and not dignifying them, to me, is not good.


You don’t need any soothsayer or any pastor or any imam to tell you that they have a predetermined position as far as this matter is concerned. Either officially or unofficially, they have never invited me.
Let me tell you something new today, about a month or two ago, we got a letter from the bank that Gbolahan’s account was frozen. We went to court in Abuja. EFCC came to court and lied that they never froze the account. Their deposition is in court. Our lawyer, Onoja, has their deposition in which they said they never froze the account.
So, we have all the proof to prove in a fair judicial system that these people are witchhunting us and that they’re persecuting us. We have sufficient evidence and we will show it in the court of law. Let them bring anything they have. I can show it to you that there is no where–whatever evidence they have–that they can link me, Musiliu Olatunde Obanikoro, and my children directly to any of the claim being made by them.
Why did they lock up Femi Fani-Kayode? What did he do that their own campaign spokesman did not do? This is someone who had no idea how money for campaign was sourced. You also had a publicity secretary who paid the media just as Femi did and he’d never been invited for anything. He who comes to equity must come with clean hands. There’s a clear evidence that whatever the EFCC is doing now is just persecution, political persecution. They have gone from arms money to other things.
What did operatives make away with when they raided your property and that of your son? Has your family enumerated the items to you?
That is no longer relevance as far as I am concerned. I have asked my lawyers to challenge all their activities in the court. I am a law abiding citizen, but I will not allow anybody–no matter how highly placed–to humiliate me, to rubbish me. I have been in public office for more than 20 years and I have never been found wanting. For them to call me a thief, it means a lot to me, even if it doesn’t mean anything to them.
Every of my properties can be explained. These were things acquired not when I was in government.
Including the exquisite vehicles and other valuables said to have been wheeled away from your home?

Up till now, they have not given us any court order to the effect of everything they’ve done. As I speak to you, they have not. Our lawyer was there today for over four hours and they didn’t give him anything.
Nigeria is in trouble. If people of goodwill don’t stand up and ask these people to follow due process–all I am saying is: follow due process. Nobody, should be above the law, including the institutions that are saddled with the responsibility of law enforcement.
If all of us submit ourselves to the rule of law, that is when we will have orderliness. We will not have orderliness when people trample on the individual rights with impunity and knowing that nothing will happen to them. I want all Nigerians to be patient and let us bring this fight against corruption to the international arena and see how it would play out.
So you’re going to remain in exile rather than submit yourself to Nigerian authorities?
I did not say that. I cannot say that. Nigeria is my country, a country that I love dearly. What I am saying is that, once EFCC is made to conform with due process, rule of law, fairness, equity I am prepared to submit myself and come home.
We learnt you recently graduated from Oglethorpe, yet you’re determined to remain in the United States for a while, are you afraid of the president?
One thing I know General Buhari does not have is tolerance for opposition. I can say that anywhere. He does not tolerate opposition. You can see that this point is quite evident in all his activities, even though it would have been in his interest to allow opposition to thrive. If the PDP had killed opposition, they won’t be in power today. Anyone that speaks against Buhari now is an opposition and they will deal with him.
As I am talking to you now, I am enrolled in a leadership training course. I am also studying Spanish after which I intend to enrol to study French. I have started Spanish now, I learning Spanish now.
You didn’t apply for a job, how are you sustaining yourself?

I am an old man, who will employ me? People see old men as liabilities.
But you have the skill, you’ve been educating yourself all over, after all?
Yes, what I can do here is consultancy, and you have a lot of activities in that aspect here. There are so many companies that are interested in public ventures in Nigeria and they need people like us who have been in government to advise and do paperworks for them so that they can have informed position as far as their interest is concerned. There’s a lot to do here, actually.
http://www.premiumtimesng.com/news/headlines/205420-interview-nigerians-join-begging-buhari-extradite-america-musiliu-obanikoro.html?utm_source=&utm_medium=twitter
PoliticsRe: ANALYSIS: In Apc’s First Year, Here Are Key Manifesto Promises Buhari Missed by Nicur(op):
God touch buhari's heart to fulfill his promise to Us embarassed lalasticlala and mynd44 do the needful
PoliticsANALYSIS: In Apc’s First Year, Here Are Key Manifesto Promises Buhari Missed by Nicur(op): 8:54am On Jun 17, 2016
June 16, 2016 Ibanga Isine
While campaigning across the country ahead of the 2015 general elections, the All Progressives Congress, APC, had adopted “Change” as its central campaign theme.
At well-attended rallies, town hall meetings, consultations and on social media, the party tackled then ruling Peoples Democratic Party, PDP, for failing woefully to address core security and socio-economic problems of the country.
To convince Nigerians it could change the nearly hopeless situation and offer a better deal, the APC unveiled an ambitious manifesto, arguably one of the most elaborate in Nigeria’s political history.
The party christened itself “A New Party for A New Nigeria,” and adopted as theme for the election manifesto, “Building a New Nigeria”.
The introduction to the manifesto reads, “In the past, political manifestos in Nigeria were hardly different from mere platitudes and general statements to which parties could not be held accountable.
“The manifesto of APC is different. We have clearly stated what we will deliver to Nigeria when elected to office,” the framers of the manifesto wrote apparently to underscore the party’s seriousness.
But how far has the APC administration, led by President Muhammadu Buhari, implemented this manifesto in the last one year?
National security

The APC promised to urgently increase the capacity and capability of Nigeria’s military, police, and other security agencies through the employment of additional personnel, provision of modern equipment, and a commitment to professionalism, merit and excellence in the respective services to meet the needs of Nigeria’s growing population.
Specifically, it promised to provide an average of 200 patrol vehicles per annum to each state police command in the country with the 36 commands and the FCT getting 7,400 vehicles at an average cost of N5 million each, thereby spending N37 billion annually. In four years, the party said it would spend N148 billion on providing patrol vehicles for the police.
Apart from vehicles donated by corporate bodies and state governments, the Federal Government is yet to deliver patrol vehicles to the police. However, N283.091 billion is provided for the police commands and formations in the 2016 budget. That goes into police salaries and other operational needs, not exactly vehicles.
Additionally, the APC promised to create immediate new jobs by employing an average of 5,000 police officers and other security personnel per state and the FCT to improve the police to population ratio nationwide. In fulfilment of this promise, the Police Service Commission is currently recruiting 10,000 people into the force.
On the other hand, the Nigerian military consisting of the Army, Navy and Air Force have recruited officers and men though this newspaper could not establish the number recruited.
The administration has also ensured proper procurement practices within the military, police and paramilitary bodies as contained in its party manifesto.
While the APC promised to review hazard allowance, increase death and disability insurance from N100, 000 to N1million and provide better logistics to the military, the police and paramilitary services, PREMIUM TIMES is not aware the federal government has implemented any of those in the last one year.
Overall, the government has evidently pushed back the deadly Boko Haram sect, but has failed to rein in rampaging herdsmen who have unleashed terror on communities across the country. The government has also failed to check the brazen destruction of strategic national assets in the Niger Delta by the militant group, Niger Delta Avengers. Besides, kidnapping, armed robbery and sundry crimes have not abated.
Rule of law and electoral process
While it is yet too early to evaluate APC’s promise on electoral reforms, some of the elections conducted by the Independent National Electoral Commission, INEC, under the Buhari administration in the last one year have not been very successful.
For instance, the governorship elections in Bayelsa and Kogi states were inconclusive just as the National Assembly by-elections in Nasarawa and Rivers states were inconclusive. The Federal Capital Territory Area Council election also ended inconclusive, thereby questioning the ability of the electoral body to handle free, fair and credible elections in the country.
The party had in its manifesto promised to uphold the rule of law by building more courts, police formations, prison facilities, crime prevention, and detection and management systems, such as forensic laboratories. However, nothing concrete has been done in this regard during the last one year.
Rather, many have questioned the government’s respect for the rule of law in the handling of the anti-corruption war, where mainly opposition elements are believed to have been arrested and detained for longer periods even when some of them had secured bails from courts of competent jurisdiction.
Transparency and anti-corruption

The APC promised full implementation of the Freedom of Information Act and its domestication in every state of the federation. So far, the federal government has not done anything in this direction.
Public offices and officers rarely respond to FOI requests from media houses. A typical example is the request PREMIUM TIMES made to the Code of Conduct Bureau for the details of Mr. Buhari’s assets declaration. Months after the request was made, the bureau is yet to release the document.
On the promise to attack the foundations of corruption by strengthening money laundering laws and encouraging the use of cheques and electronic transfers in financial transactions, the Buhari administration under the last one year has kept that promise. It has also curbed financial recklessness and abuses in the procurement process. The government has also stepped up prosecution of senior government officials, past and present.
Public finance
True to its manifesto, the APC government has increased the nation’s capital budget and reduced the number of ministries, stopped arbitrary import waivers, implemented the Treasury Single Account, TSA. However, the government has not cut down the high cost of governance.
The controversy that surrounded the presentation of the 2016 budget cast doubt on the integrity of the government and its ability to stay true to its anti-corruption stance. Besides, the failure of the president to dispose of some of the aircrafts in the presidential fleet and the alleged N13million loan demanded by the Information and Culture Minister, Lai Mohammed, from the National Broadcasting Commission, NBC, for an official trip to China, exposed the weakness in the government’s ability to cut cost and avoid the path of impunity.
It is yet to change security votes into line votes to enhance accountability as provided for in the party’s manifesto.
True federalism
The party in its manifesto has true federalism as a major action point and promised to encourage the devolution of powers and functions to states and local governments in order to entrench true federalism and implement past studies in devolution of powers and revenue allocation towards enacting a new sharing formula.
But a few days ago, the party came hard on former Vice President, Atiku Abubakar, when he called for the restructuring of the country and the entrenchment of true federalism. Both the presidency and the National Chairman of the APC, John Odigie-Oyegun, condemned Mr. Atiku’s call.

While Mr. Oyegun said the call was ill-timed and diversionary, a presidential spokesperson, Femi Adesina, drew attention to APC “Roadmap to a New Nigeria,” which does not reflect what is in the manifesto. The development unarguably indicates the Buhari administration is not giving it a thought.
Education and health
Although it is still early to evaluate the performance of the party based on its broad-based human capital development plans, the fact is that the APC-led government is yet to initiate any of the plans one year after it came into office.
The party’s plans include enforcing nine years of compulsory basic education to every Nigerian child, implement multi-pronged educational policies and programmes that promote skills acquisition, teacher-training, vocational and commercial education, provide incentive for domestic manufacture of pharmaceuticals, reduction of import dependency, and ensure unadulterated drugs are easily available and affordable and appoint women, senior citizens, and vulnerable groups into government. Currently, the party is yet to make good these promises.
Under healthcare delivery component, the party promised to collaborate with states to raise the gross national health expenditure per person per annum from less than N10, 000 to about N50, 000 and urgently raise the quality of all federal government owned hospitals to world class standard within five years through investments in infrastructure, diagnostic equipment and continuous professional development.
It also promised to get states to provide free ante-natal and maternal care for pregnant women; free healthcare for babies and children up to 12 years old, the aged and free treatment persons with infectious diseases, ensure timely payment of benefits for pensioners and design a nationwide poverty safety net for all aged citizens above the age of 70 and ensure the domestication of the Child Rights Act nationwide to protect the Nigerian child, particularly the girl-child.
Currently, the APC government is yet to carry out any of these policy initiatives including its policies on preventive and curative healthcare services.
The party’s manifesto also provides for the strengthening of the nation’s educational system through an ambitious funding, incentivized personnel, support for quality research, technologically driven learning, investment in science and technology, increased grants and scholarships, create legal framework for private participation and encourage states governments to establish centres of excellence to address special educational needs of the people.
Apart from the statutory budgetary provision for the sector, it is not known whether the APC government has taken any step to address the problem in the nation’s educational sector.
Youths, sports and entertainment
Among other mouth-watering promises, the APC planned to establish world-class training academies nation-wide, identify talents, revive football, hockey, tennis, basket ball leagues and assist the arts, entertainment and creative industry with funds to develop into world-class industry within a short time.
So far, the Buhari administration is yet to initiate any policy or programme towards making good, the promises contained in his party manifesto.
Social safety net
Under this, the APC manifesto states, “The social safety net for Nigerians must not only protect them for today, it must secure them for the future, in their older years and less productive period. However, we do not believe in a Nigeria where those who are vulnerable, unable, or physically challenged are left behind.”
It is, perhaps, based on this premise that the party promised to pay N5, 000 monthly allowances to unemployed youth. These were promoted on billboards across the country.
Shortly after it won the presidential, a controversy broke out on whether the APC did make the promise.
After series of denials and buck passing, the party reviewed the promise through the Minister of Labour, Chris Ngige. Mr. Ngige, who spoke on April 2, at the 27th Enugu International Trade Fair, said, “Instead of paying youth N5, 000 monthly for doing nothing, the government has initiated plans to engage hundreds of thousands of youths in the country with over 10 empowerment programmes.” The government is yet to fulfil that promise one year after it took over power.
Economic development policies
Some of the party’s policy initiatives to grow the national economy include reduction of power supply deficit and dependence on imports of petroleum products; provision of a country-wide multi-modal transportation network that integrates the economy using roads, railways, air transport, inland waterways, and seaports with modern equipment and services; implementation of a National Industrial Policy that grows the domestic economy, increases the stock of locally made products, keeps the people in paid jobs, reduces our trade deficits, and strengthens the value of the naira.
It also vows to strengthen agriculture in order to provide food security, as an instrument for national security, industrialization, and job creation and provide a guaranteed market for agricultural produce at a competitive market commodity exchange linked prices.
While the government has consistently assured that it is working hard to grow the nation’s economy, many have insisted that the administration has no clear-cut policy initiative to stem the high level of inflation and falling value of the naira against the United States dollar.
A former Minister of Education, Oby Ezekwesili and renowned economists, Pat Utomi, have criticised the government of lacking the ability to manage the country’s economy, which they say is nearing recession.
The government is facing its most devastating crisis in the economic sector where revenues have plunged, and a foreign exchange crisis is in full swing, pushing the economy to a recession.
http://www.premiumtimesng.com/news/headlines/205396-analysis-apcs-first-year-key-manifesto-promises-buhari-missed.html
PoliticsRe: Where Did Buhari See Money To Pay More Than 10 Sans by Nicur: 6:38am On Jun 17, 2016
good question but trust zombies like the ones above me to attack the messenger instead of the message! Oga zombies above, answer the question!! angry
RomanceRe: The Night My Husband Sex Me Raw by Nicur: 5:30am On Jun 17, 2016
mstewwwwwwww angry
CelebritiesRe: Seyi Shay At University Of West Indies, To Deliver Lecture by Nicur: 6:21pm On Jun 16, 2016
Kai see this olosho/olodo grin
PoliticsRe: Tunde Fowler Of FIRS Recruits 349 New Staff Secretly - Sahara Reporters by Nicur: 10:12pm On Jun 15, 2016
modath:
Since Emefiele did with no repercussion, Fowler grow liver do hin own, we expect Kachikwu to do same soon..... They are all above the law. cool

The more things change, the more they remain the same. smiley
you take style dey wail oooh? grin
PoliticsRe: Nigeria Inflation Hits 6-yr High At 15.6% by Nicur(op): 5:39pm On Jun 15, 2016
Kudos to buhari embarassed
PoliticsNigeria Inflation Hits 6-yr High At 15.6% by Nicur(op): 5:38pm On Jun 15, 2016
By Emeka Anaeto, Economy Editor LAGOS—
Nigeria’s headline inflation reading shot up to 15.6 per cent in May, 2016, about 1.9 percentage points in excess of the previous month’s record of 13.7 per cent. The latest record did not only indicate a steady rise since last year (except in August, 2015), but also showed a six-year high point, matching the same level as in February 2010. Photo: toonpool Photo: Inflation Rolling out the current Consumer Price Index, CPI, yesterday, the National Bureau of Statistics, NBS, said: “The increase in inflation rates in May relative to April reflects an overall increase in the general price level across the economy as all divisions which contribute to the headline index increased at a faster pace.’’ Giving further insight into what drove the increase, NBS noted that “electricity rates as well as other energy prices continue to manifest as key drivers of the Core component of the CPI.” Core inflation came in significantly higher at 15.1 per cent year-on-year, y-o-y, compared to the 13.4 per cent y-o-y recorded in April, majorly driven by an up-shoot in the Utilities and Transport sub-categories. During the month, the highest increases were seen in the Passenger Transport by Road, Liquid Fuel (kerosene), Fuels and Lubricants for Personal Transport Equipment (Premium Motor Spirit) and Vehicle Spare Parts groups. Food inflation at 70-month high Likewise, food prices continued to exert pressure on the CPI as increases in both imported and domestic prices pushed food inflation upwards with the food sub-index rising for the seventh consecutive month to 14.9 per cent y-o-y as against 13.2 per cent in April, as all major food groups which contribute to the Food sub-index increased at a faster pace driven by higher food prices in Fish, Bread and Cereals, and Vegetables groups for the second consecutive month. Reporting on the food inflation, NBS stated, “increased prices of both domestic and imported food products continue to drive food prices higher. The index increased by 14.9% (y-o-y) during the month of May, 1.7% points higher from rates recorded in April. “All groups which contribute to the index increased with the highest increase recorded in the Bread and Cereals group which increased from 14.5% in April to 16.6% in May. On a month-on-month basis, the Food sub-index increased by 1.3% points from 1.3% in April to 2.6% in May. “On a month-on-month basis, the highest price increases were recorded in the bread and cereals; vegetables, and “sugar, jam, honey, chocolate and confectionery” groups. “The average annual rate of change of the Food sub-index for the twelve-month period ending in May 2016 over the previous twelve month average was 11.2%, 0.4% points from the average annual rate of change recorded in April,” NBS concluded. At 14.9 per cent food inflation for the month of May 2016 was the highest since June 2010 (70-months), as the moderations which had been place due to predominant local content and cheap labour has given way to other cost pressures in the economy. Economists’ comment Economists at CardinalStone Partners Limited, a Lagos based investment house, said: “Scarcity of domestic food items has begun to manifest in the form of higher prices, while imported food prices continue to trend upwards (predominantly driven by pass through of tight foreign exchange supply). “The month-on-month trend for imported food inflation shows a faster pace of increase to 3.1 per cent (April: 1.9 per cent) which we believe is a result of the Naira depreciating toN340/US$ in May (April: N320/US$)”. Economists at FSDH Merchant Bank who had accurately forecast the inflation level in their economic report two weeks ago, said: “The prices of most items were on the increase in May as a result of higher transport costs, following the increase in the pump price of Premium Motor Spirit, PMS. “Our analysis indicates that the value of the Naira remained stable at the inter-bank market, while it depreciated at the parallel market by 8.63% to close at US$/N351.00 from US$/N320.70 at the end of May.” ‘’The depreciation recorded at the parallel market between the two months under review further increased the prices of imported consumer good prices in the domestic market. “The prices of most of the food items that FSDH Research monitored in May 2016 increased. The prices of pepper, tomatoes, yam, rice, garri, onions, palm oil, sweet potatoes, meat, Irish potatoes, beans and vegetable oil increased by 140%, 77.58%, 25.60%, 17.04%, 13.33%, 13.10%, 10.71%, 10.32%, 8.33%, 7.58%, 6.48% and 0.52% respectively. Meanwhile, the price of fish remained unchanged. “The movement in the prices of food items during the month resulted in a 2% increase in our Food and Non-Alcoholic Index to 200.64 points. We also noticed increases in Transport, Housing, Water, Electricity, Gas & Other Fuels divisions between April and May 2016. “Our model indicates that the price movements in the consumer goods and services in May 2016 would increase the CCPI to 198.31 points, representing a month-on-month increase of 2.75%. We estimate that the increase in the CCPI in May will produce an inflation rate of 15.58%”, FSDH concluded. Economists at Financial Derivatives Company, FDC, run by Bismarck Rewane, one of Nigeria’s leading economists said “analysts’ consensus was for a CPI spike of 14.5%, the reality and magnitude of the spike to 15.6% was surprising. FSDH was accurate in its inflation forecast. “This is the highest price level in Nigeria since February 2010. The inflation trajectory rose sharply since February 2016 when it spiked to 11.4%. “The current inflation spiral has been caused by both fundamental cost pressures, periodic scarcities of essential commodities and forex unavailability. The pricing pass through has been mixed but mainly in price inelastic commodities. “The transmission effect on consumer prices was elevated mainly by an astronomical jump in the price of diesel from N130 per litre to N185 per litre. “Diesel fuel is critical to distribution and logistics in the delivery of goods to the market. It also explains the widening differential between rural and urban inflation. “The monetary policy authorities at their last meeting refused to tighten further by leaving the MPR (Monetary Policy Rate) unchanged. It preferred to support growth because of the fears of an impending recession”.

Read more at: http://www.vanguardngr.com/2016/06/nigeria-inflation-hits-6-yr-high-15-6/
CelebritiesRe: "Van Vicker Is Sleeping With Clarice Ford-Kulah My Wife" - Dr. Bartum Kulah by Nicur: 1:44pm On Jun 15, 2016
Oga leak am ooooh tongue

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