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Dadaboy:If I catch you there! |
Ashleydolls:We are the we: the majority who who have been waiting for a time like this. |
This nuisance called Kemi Olunloyo may rot in hell, we don't give a hoot about that. Who does she think she is by the way? Her mouth has eventually landed her in trouble and she is now crying that she's in prison in Port Harcourt, who cares. Abi she thinks anyone would create the hashtag #freekemiolunloyo? Well I have a very bad news for that nauseating being. OYO lo wa. Nonsense! |
X by Counterflix The Nigerian Air Force personnel, who killed his lover and colleague in the early hours of Sunday, Aircraft Man Kalu AB, wrote a suicide note after carrying out the act, it has been gathered. Kalu had shot and killed Solape Oladipupo after accusing her of double dating at the Air Force Base in Makurdi, Benue State. A snapshot of the said suicide note, which is making the rounds online, indicated that the airman had planned to take his own life afterwards. He, however, did not go through with the plan and is being detained by the Air Force authorities. VIDEO: Slain Air Force personnel and killer lover before love turned sour In the note, the airman accused the lover he killed of deceiving him and his mother. He said he was aware that “some idiot” would insult him for his actions, but bore no grudge as he would do the same if the tables were turned. He, however, insisted that others in his shoes would do worse than what he did and suggested that he would prefer to be called the “crazy lover who died for heartbreak”. The Command Public Relations Officer, Wing Commander Emmanuel Iheoma said “the letter must have been written before Kalu was picked up.” http://punchng.com/idiots-will-insult-me-killer-airman-writes-in-suicide-note/
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Despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have yielded a truce, as the banks are set to take over the telecoms firm today (Wednesday), PREMIUM TIMES learnt The consortium of some foreign and Nigerian banks, including Guaranty Trust Bank, Access Bank, and Zenith Bank, have been having a running battle with the mobile telephone operator over a loan facility totaling $1.72 billion (about N541.8 billion) obtained in 2015. by Bassey Udo Mar 08, 2017 Despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have yielded a truce, as the banks are set to take over the telecoms firm today (Wednesday), PREMIUM TIMES learnt The consortium of some foreign and Nigerian banks, including Guaranty Trust Bank, Access Bank, and Zenith Bank, have been having a running battle with the mobile telephone operator over a loan facility totaling $1.72 billion (about N541.8 billion) obtained in 2015. The loan, which involved a foreign-backed guaranty bond, was for Etisalat to finance a major network rehabilitation and expansion of its operational base in Nigeria. However, following the failure of the company to meet its debt servicing schedule agreed since 2016, the three Nigerian banks, prodded by their foreign partners, reported Etisalat to banking sector regulator, the Central Bank of Nigeria, CBN, and its communications sector counterpart, the NCC. Although Etisalat blamed its inability to fulfill its obligation to the banks on the current economic recession in Nigeria, the banks said their attempt to recover the loan, by all means, was fuelled by the pressure from the Asset Management Company of Nigeria, AMCON, demanding immediate cut down on the rate of their non-performing loans. A senior official of one of the banks who spoke with PREMIUM TIMES late on Tuesday said one of the options they have proposed to Etisalat management as a middle way out of the crisis was for it to request for a bankruptcy status. The official, who requested that his name should not be revealed since he was not authorized to speak on behalf of the consortium, said the bankruptcy option would require having receivership management appointed by the banks to oversee its operations. But, the NCC appears not to be favorably disposed to the takeover proposal, the source said, as it believes Etisalat was not only a viable going concern but also willing and able to negotiate its loan servicing. However, a top source at the NCC said late Tuesday that the commission had approved the takeover, which is expected to occur today. Etisalat is Nigeria’s fourth largest telecoms operator, with about 21 million subscribers as at January 2017, according to the NCC. It commenced business in Nigeria in 2009. http://saharareporters.com/2017/03/08/n5418-billion-debt-three-nigerian-banks-set-take-over-etisalat |
According to the Observer’s report, which was culled from its sister publication, the Guardian, the British Royal Air Force (RAF), in an operation code named Operation Turus, spotted the girls during air reconnaissance over northern Nigeria weeks after they were kidnapped, but the Jonathan administration turned down an offer to rescue them. www.saharareporters.com
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The Senate has uncovered an alleged fraud of N10 trillion by staff of Nigerian National Petroleum Corporation (NNPC) in connivance with officials of some independent marketers and other key players in the petroleum sector between 2006 and 2016. Against this backdrop, the Senate joint Committees on Petroleum (upstream and downstream) and that of Gas will this week begin a probe of the affected companies, heads of government agencies and parastatals. The committee also said it had the support of President Muhammadu Buhari and the Senate leadership to carry out a thorough and holistic investigation on the alleged fraud and bring to book the perpetrators, stressing that the amount involved was huge enough to finance the country’s budget for two consecutive years. Addressing journalists, weekend, on the alleged scam, Senator Kabiru Marafa, Chairman, Senate Committee on Petroleum Downstream, who spoke for chairmen of the committees, said of the N10 trillion fraud, NNPC alone would account for N5.2 trillion it collected as subsidy from the Federal Government for importation of petroleum products, particularly Premium Motor Spirit, PMS, otherwise known as petrol between 2006 and 2016. According to Senator Marafa, the NNPC will also account for the 445,000 barrels of crude oil allocated to it on yearly basis for local refining by the nation’s refineries. Those fingered in the fraud by the Senate and already listed to appear before the committee during the planned public investigative hearing that will last a minimum of three days are past and present Chief Executive Officers of NNPC; Central Bank of Nigeria, CBN; Federal Inland Revenue Service, FIRS; Nigerian Customs Service; Nigerian Maritime Administration and Safety Agency, NIMASA; Nigerian Ports Authority, NPA and all Licensed Inspection Agencies. Also to be invited by the committee are all bona fide end users, established and globally recognized large volume product trading companies; indigenous companies engaged in Nigeria oil and gas with trading of petroleum product expertise; product trading brokers; shipping companies and shops brokers, among others. Gross under utilization of 445,000 barrels Speaking further, Senator Marafa, who was flanked at the briefing by Chairman, Senate Committee on Petroleum (upstream), Senator Donald Tayo Alasoadura, APC, Ondo Central; Chairman, Senate Committee on Gas, Senator Bassey Albert Akpan, PDP, Akwa Ibom North-West; Senator Gershom Bassey, PDP, Cross River South and Philip Aduda, PDP, FCT, said available records before the committee showed that during the period under investigation, NNPC imported fuel into the country that was more than 40 per cent of the nation’s local consumption. According to him, this is apart from gross under utilization of the 445,000 barrels it collected for local refining and consumption on yearly basis due to very low capacities of the four refineries in the country then. Marafa said: “NNPC, being the custodian of crude oil resources of the nation, responsible for 51 per cent of petroleum products importation into the country over the years, aside the 445,000 crude allocation it gives itself on yearly basis for sales for local refining, must account for the N5.2 trillion which vailable records show that it has spent on subsidy on its own 51 per cent of petroleum products importation between 2006 and 2016. “This is aside the N3.8 trillion spent on similar subsidy for independent marketers and about $1.5 billion yet to be accounted for by other key players in the industry.” He disclosed that the committee had also discovered another dimension of fraud in the industry through the disappearance of PMS from storage leased by NNPC without any accountability and/or return of the value of the stolen product. According to him, there is a case of 100 million litres of PMS worth N14 billion stolen by two companies without any sanction against them by the NNPC. Marafa threatened: “This committee has established the loss of 100million litres of PMS from such storage arrangement. We expected NNPC to have taken action against the two companies that carried out the theft but since it has not, we, hereby, order it to do so immediately, precisely within this week, failure of which we shall make the whole details known to the public. “All key players in the sector along with their collaborators who have taken the country for a ride during the period under review, must be brought to book through exhaustive investigation to be conducted soon because President Muhammadu Buhari and the Senate leadership are very much interested in unmasking those behind the scam perpetrated during the Presidency of former Presidents Olusegun Obasajo, late Umaru Musa Yar’Adua, Goodluck Jonathan and by extension, the present Presidency. “President Buhari is highly supportive of this move by the Senate and we shall not fail in carrying out the needed holistic investigation on obvious sharp practices in the sector. Needed documents for the onerous task are already in our possession.” Marafa also disclosed that the whistle blower approach being adopted by the executive in unraveling such fraudulent practices of corrupt public officials, shall also be adopted in fishing out those involved in the oil sector massive fraud and the whistle-blowers will be compensated. He also warned that strict sanctions awaited players in the sector who might want to frustrate the probe by deliberately refusing to honour invitation sent to them or conceal needed information. http://saharareporters.com/2017/03/06/senate-uncovers-alleged-n10-trillion-fraud-nnpc |
ABUJA, Nigeria – What was supposed to be a 10-day medical leave for Nigeria’s president has stretched into a bizarre 44-day drama. The actors: notoriously out of touch politicians, many of whom are among the highest paid in the world. The audience: More than 180 million Nigerians who are weathering the worst economic downturn of the last quarter century. The twisted saga of Nigeria’s missing president has come to symbolize a nation’s broken political system. For more than a month now, the country’s elected officials have offered contradictory explanations for their leader’s absence, alternating between vaguely worded denials that President Muhammadu Buhari is sick and outright lies about his health. The ship of state, meanwhile, has continued to drift. On Tuesday, the official statistics agency announced that Nigeria’s economy contracted last year for the first time in more than two decades. Buhari flew to London on Jan. 19 for what was billed as an annual vacation during which he would undergo routine medical checkups. When he did not return as expected on Feb. 6, the rumor mill began to churn. Five Nigerian leaders have died in office — three were assassinated, one died mysteriously, and another succumbed to illness — and the government was soon batting down speculation that Buhari was the sixth. On Feb. 5, two weeks after Buhari had left the country, the government finally acknowledged that the president’s doctors had recommended he remain in London to complete his medical tests. Ten days later, a delegation of federal lawmakers visited Buhari in London, a spectacle that may have been intended to reassure Nigerians but had precisely the opposite effect. Photos from the visit show the gaunt 74-year-old in his typical garb: a loose fitting gray caftan with a black collar and a sturdy black hat. He is smiling next to Senate President Bukola Saraki on a flower-patterned couch. “The president I saw today is healthy, witty and himself,” Saraki said in a statement after the visit. “[T]here is no cause for alarm!” Few Nigerians were convinced — by the official assurances or by the proof-of-life photos. But the government has refused to say anything more, either about the specific medical tests the president is undergoing or about when he is expected to return. When a reporter from Nigeria’s Guardian newspaper showed up at Abuja House in London, where the president is staying, to request an audience with Buhari, security guards called the Metropolitan Police and tried to have him arrested. Back in Nigeria, religious leaders have called on people to pray for the president’s health. The obvious question many are asking: Why must we pray for a president who is “healthy, witty and himself”? Nonetheless, nearly 300 Islamic leaders gathered in Kano state last week to pray for the president’s recovery. Buhari reportedly called in to the prayer session, which was broadcast live on several radio stations and hosted by the state governor, to say thank you. “It was an evidence of life, because the man [Buhari] was talking,” said Abdulaziz Abdulaziz, a journalist from Kano who listened to the radio broadcast and heard Buhari’s live phone call. “But it’s hard to tell if he is sick or healthy, because it was a very brief conversation between him and the governor. For me personally, I didn’t think the conversation was a basis for any health assessment, only that he is alive.” Nigerians have good reason to worry about their president’s health. In May 2010, President Umaru Yar’Adua died after receiving months of medical treatment in Saudi Arabia. He left Nigeria without handing power to his deputy, and his absence tipped the country into unprecedented political turmoil. Lawmakers ultimately passed a motion authorizing Goodluck Jonathan to replace Yar’Adua as acting president. At the time, Buhari, who was a member of the opposition, called for Yar’Adua to be declared incapacitated and impeached, a fact that has not been lost on Nigerians during the current political crisis. Farooq Kperogi, a well-known journalism professor and commentator, has described the government’s campaign of obfuscation as the “Yar’aduaization of Buhari’s health.” Other political analysts have mockingly suggested that Information Minister Lai Mohammed should give an hourly bulletin about Buhari’s health in the same fashion that Mohammed, who was then the spokesman for Buhari’s opposition All Progressives Congress party, demanded an hourly bulletin of Yar’Adua’s health. But Mohammed says Nigerians should stop comparing “apples to oranges.” “Mr. President is not ill. He is not in hospital,” he said during a State House address on Feb. 8. Whether or not the president is seriously ill, he has left Nigeria in an unsteady place. The economy is in recession, inflation has soared to 18.7 percent, and people have been forced to endure price hikes for daily necessities like food and fuel. “Nigeria, right now, could be compared to a snake with no head,” columnist Ndubuisi Ukah observed recently in Nigeria’s Guardian newspaper. “We are probably the only country on earth, whose number one public figure could just leave the citizens guessing and wondering.” If there is one ray of hope to be gleaned from the bizarre saga of Buhari’s disappearance it’s that his deputy, Vice President Yemi Osinbajo , has filled in admirably in his boss’s absence. He has worked with the opposition to launch a 60-day plan to boost the flagging economy, met with state-level officials to address the issue of skyrocketing food prices, and traveled to the restive Niger Delta region as part of ongoing negotiations aimed at stopping frustrated youth there from destroying oil installations. Osinbajo also made a surprise visit to the country’s busiest airport in Lagos, walking through the chaotic terminal to personally inspect infrastructure — broken toilets, nonfunctioning escalators, faulty baggage carousels, and dusty air conditioners — and call for much-needed repairs. Many Nigerians have been taken in by his energy and enthusiasm, which contrasts sharply with the trademark lethargy that earned Buhari the nickname “Baba Go-Slow.” (Buhari has yet to visit Lagos or the Niger Delta during his presidency.) “Osinbajo is not a career politician, so he never even planned on being a vice president, yet he is already so much more than Buhari, who has campaigned 12 years to become the president of this country,” said Salaudeen Hashim, a political analyst and officer at the Civil Society Legislative Advocacy Center in Abuja. “[Buhari] ran in 2003, 2007, and 2011 before he finally won in 2015. And now that he is president, Nigerians are wondering what has he done at all.” But reports that Buhari’s closest aides are uncomfortable with Osinbajo’s rising popularity have already leaked to the press. It’s times like these that political loyalties are tested, and when working closely with Osinbajo could be seen as abandoning Buhari. “What we have in Nigeria is personality-driven politics where one person monopolizes power and Buhari’s cabal sees Osinbajo as a threat to Buhari,” said Hashim. “Osinbajo needs to be allowed to do the work and fix the economy, but in the context of Nigeria, we can expect that some politicians will undermine him.” http://foreignpolicy.com/2017/03/03/nigeria-proves-that-a-missing-president-isnt-necessarily-a-bad-thing-buhari-london-hospital/ |
A Lagos Island Customary Court on Thursday dissolved the marriage between Nollywood actor, Emeka Ike and his wife, Emma over alleged incessant battery. Emma, a teacher, had on July 13, 2015 approached the court to dissolve the 14-year-old marriage between her and the Nollywood star. The court president, Mr. Awos Awosola, said from the totality of the evidence before the court, it was obvious that the marriage was beyond redemption. “Emeka, who has been begging to be reconciled with his wife, has not made any effort towards the reconciliation. “The marriage is hereby dissolved with effect from March 2, in accordance with the Lagos State Customary Court Law, 2011; Order 3 Rule 7 as amended. “Any party that is not satisfied with the judgment has the right to appeal to any court of higher jurisdiction within 30 days from today,’’ the court president ruled. Awosola awarded the custody of their four children to the husband and ordered that the wife must have unhindered access to them. He said that N300 paid as Emma’s bride price had been returned to Emeka and urged both parties to maintain peace. The mother of four had earlier told the court that her husband had been physically and verbally abusing her all through the duration of their marriage. “My husband treated me like nobody and throughout this divorce tussle; he had denied me access to my children,” the woman said. “He does not allow them to pick my call as he keeps changing their numbers. “The last time I heard my first son’s voice was when he was sick and about to undergo surgery. “It was a friend who informed me that my son was in the hospital and I called Emeka asking him for the location of the hospital but he refused to disclose that. http://thenationonlineng.net/court-dissolves-emeka-ikes-marriage-wifes-battery/
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BENIN- Communal clash brewed between the Bini and Ijaw in Edo State following claims by the Bini that the Ijaw were claiming ownership of the land the Binis gave them as migrant fishermen. In a petition to the state government, the Enogie of Obazuwa, and brother to the Oba of Benin, who is in charge of most of the territories being annexed and 80 others, said their subjects had been attacked unprovoked by the “settlers.” They added that they had maintained calm because there are court decisions that went as far as the Supreme Court which confirmed that the Binis were the original inhabitants and owners of the land. According to Akenzua, on June 3, 2011, while the Binis in the area were measuring a land donated to the state government to build a school, “Ijaw militants from Iko” attacked them with machetes, abducted three of his subjects and vandalised property and vehicles in the area. “The question of who owns Gelegele had gone through litigation and had long been settled. For 50 years, these Ijaw settlers have provoked the Bini. The Enogie of Obazuwa said, they are finding it increasingly difficult to restrain ourselves from retaliating against these unwarranted attacks by the Ijaw. “If they refuse to co-exist in harmony with us, they are at liberty to join their kiths and kins in Bayelsa or Rivers states. They must respect the bond of love that binds host and guests.” In his words, he stated below.... 1 Ijaws against Ilajes in Ondo State 2 Ijaws against Binis in Edo State 3 Ijaws against Itsekiris in Delta State 4 Ijaws against Urhobos (Ogbe Ijo, Gbarigolo, Olota, Okweagbe, Aladja etc.),all in Delta State 5 Ijaws against Ikwerres in Rivers State 6 Ijaws against Ogonis in Rivers State 7 Ijaws against Ibibios in Akwa Ibom State 8 Ijaws against Yorubas in Ajegunle; Lagos State These Ijaws seems to be fighting with everybody. Can these guys just learn to live peacefully with everyone? Must they always be an EPICENTER of internal imbroglio and a threat to national security? Now, let us marry what has been said above with what we currently have in Delta State. First and foremost, the correct and genuine names for the lands wrongly published as Okerenkoko is Okerenghigho while that of Kokodiagbene is Bakokodia. I hereby attach evidence of Courts’ Judgment viz: CASE I: In Suit No.w/20/46, Adurumokumor (Ijaw) acting for himself and on behalf of Bakokodia Ijaw Community took action against Kponu (Itsekiri) of Omadino for a declaration of title to the land described as Bakokodia. The true Position is that the Ijaw inhabitants of Bakokodia and its environs came from Western Ijaw and were permitted by Chanomi Iye on the authority of Omadino people to settle there. Ademola J. dismissed Adurumokumors’ action on the ground that the people of Bakododia had failed to prove their title to the land claimed by them. As the Ijaws persisted in demanding tributes and rents from those using the land and fishing in the rivers, Omadino people, represented by Chief Sillo and Edremoda Golly, sued Adurumokumor on behalf of Bakokodia people in Warri High Court and successfully obtained a declaration of title over Bakokodia and the surrounding lands and rivers. The court awarded damages for trespass against the Ijaws who, according to the Judge, were put on the land by Omadino people who acknowledge the overlordship rights of the Olu of Warri. The Ijaws went to the West African Court of Appeal and lost. CASE II After this, the Ijaws continued to disregard the above judgments, and Omadino people sued them for an order of forfeiture at the Warri High Court. Ultimately at the Supreme Court, the Ijaws accepted a compromise judgment in which they clearly acknowledged Omadino’s ownership of the land. See Suits Nos. W/29/51, WACA No. 3707, W/37/61 and SC/393/64. CASE III Okenrenghigho, another Ijaw settlement in Gbaramatu also fell under the axe of the Omadino people. In Suit 30/62 Chief Sillo (Itsekiri) versus James Uluba (Ijaw), Justice Obaseki held that the Ijaws of Okerenghigho are tenants of Omadino. The Ijaws then appealed to the Supreme Court presided over by Elias, C.J., Sowewimo and Ibekwe S.C.JJ. in Suit No. SC.37/1973. They lost. The effect of these judgments is that the whole of Gbaramatu area is peopled by Ijaws who are customary tenants on lands owned by Omadino people under the over Lordship of the Olu of Warri. Secondly, the original map of Bendel State shows clearly these lands with these names as Okerenghigho and Bakokodia as against the political name Okerenkoko and Kokodiagbene. Therefore, if they have a judgement in their favor as against what is posted here, I challenge any IJAW man alive to publish or forever admit that, they are CUSTOMARY TENANTS to the people of OMADINO under the OVER-LORDSHIP OF THE OLU OF WARRI. |
kaykay1980:Well done My Igbo Friend
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And can she marry a Christian? |
The weekend is fast giving way to the dawn of the working
week, but you still want to grab a shot with your man before
you enter Monday and commence your busy week.
However , despite your good intentions, you may still annoy
your man with certain habits you put up during sex.
In no particular order , here are some of the things that can put
off a man, even after he seems primed for sex already.
• Do keep your underwear , especially pants and bra, very
clean . No man likes to experience suffocating smell from that
angle.
• Still on underwear, a grandmother- like underwear is a put
off ! How about trying sexy colours such as red , for instance?
And how about matching your pants and bra ! Matching undies
are a turn- on any day!
• It can be really mean of you if you make me watch adult
movies with you, and then refuse to have sex!
• Yes, I love you to stroke me down there , but I haven’t given
you the licence to pull it off ! So , handle my manhood gently.
• Any man anywhere hates his woman playing a dead starfish .
So, don ’ t just lie there, leaving all the work for me. It ’s
absolutely unsexy !
• Tired? That’ s a no - no word ! When you tell me you are tired
when I want to have sex, it makes me sad .
• Never ever fall asleep when we are having sex! I can ’t even
think of it!
• After sex, on the average , a man wants to fall asleep . Don ’ t
take offence , because it’s natural!
• Oh , did you know that I’ m human and may sometimes be
unable to orgasm? Please , it has nothing to do with you; so ,
don ’t complicate matters by thinking that I tried to punish you!
• For all it’ s worth , don ’t ever talk to me about your ex -
boyfriend before , during or after sex. Why do I need to know
how far you’ ve gone ?
• After sex, don ’ t run out of bed into the bathroom to clean up
as if a truckload of thrash has just been poured on you, right ?
Adapted from the Web http://punchng.com/annoy-man-sex/ |
I think we the participants should be wise not to be fooled any longer. The major setback in MMM is guiders bonuses. Guiders PH is usually not up to 1% of their total GH per time. They sucked MMM dry and check it out, anyone that says keep Phing no matter what, must be a guider. They dont care what happens, all they know is ph let me get more bonuses. They enrich themselves with our PH n still want to suck more from us. If this isnt true, let MMM cancel every guiders bonuses due for GH and see the reactions . Imagine a guider ready to GH 10Million naira, all guiders bonuses, how on earth do u think the system can survive with this. Imagine thousands n millions of guiders ready to GH this amount and even more. With this, i bet u, we may just be dreaming of MMM paying us. We know the truth, cancel all guiders bonuses and see how fast MMM would bounce back. Referal bonuses are enough for everybody. Treat everyone equally and get a fair n sustainable system. When these guiders talk about greed, i laugh, who is greedy? One who accumulates millions as bonuses or the common participants that only gets 30% of whatever he puts in? Lets keep deceiving ourselves n see where this will land us all. Even if withdrawal limits are set as a new model, it is still same problem as these guiders will always loot the system with their elephant share. The worst is, what do most of these guiders do? 90% obviously do nothing. They don't merit a dime. U preach ph and ideology as if we are illiterates. The poor participant already has his spare money paid out n awaiting withdrawal, u say he should bring another spare money, from where? This is simply extortion and not MMM ideology. As simple as ABC, all guiders bonuses should be cancelled as a new model and believe me, participants work better than guiders(glaring truth). Everybody should be granted referral bonus only. MMM would have ph-gh balanced by doing this and more members wil join by more referals. And, "I was" a participant who lost no dime to that scheme............I am among the very few less greedy and much smarter lots.... ![]() |
Some people can be so persistent with their demand when they need something from you that it can almost virtually become suffocating and annoying.
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O dabi ere kan bayi...... ![]() |
This country sha. Jungle justice everywhere, but can one really blame those who engage in this primitive act since our judicial system has collapsed coupled with a corrupt police. |
Enobong Udoh Paper money or fiat currency is still the greatest innovation conceived by man. Imagine Nigeria being some type of human zoo of sort that still trades by barter. If we import loads of Apple’s iPhone 7, how many truckloads of cattle will northern Nigeria exchange or barrels of oil will southern Nigeria exchange for their own share of the iPhone imports? When Toyota or Apple labours to innovate that next big trailblazer, it is because they know if it succeeds, they can easily recoup their money. Fast forward to 2016, assume the naira exchanges officially for N300 to a US dollar (it is 304 as I write this). Therefore, if N3 equals 1 US cents, the naira in your pocket is devalued by 99.7 per cent to a dollar (complete devaluation is 100 per cent). Fellow countrymen and women, you can see that your naira is finished! That is why experts say the fastest and easiest way to decimate any country is to destroy her currency. Any rational citizen should ask how we got ourselves into this mess. Well, such a person should not look too far. We live in a country where serious technical issues are approached with commonsense. Folks like Ben Murray Bruce who champion this ideology in a way insult the sensibilities of Nigerians. Commonsense protagonists have solutions to every problem even in what they have no training. You see, the white man believes for any serious development, there must be painstaking RESEARCH. No, not commonsense! No wonder they call it RESEARCH and DEVELOPMENT, not commonsense and development because any serious endeavour demands a methodological approach to its solutions. Sony does this, General Electric does this, the US and the Swedish governments just to name a few, all do this. Back to why the naira in your pocket is not worth more than the sand under your feet, it is simple: Our institutions and government do not engage in any serious thinking and despise folks that do. The CBN has an R/D department that has tried to do some good work most times publishing reports that indict its Board, which should shock any serious government. But why should the CBN governor, Aso Rock or the National Assembly care? Candidly, these folks are busy feathering their nests while looking for a 1 plus 1 answer. In some of the reports, it says the CBN monetary policy is DEAD pointblank! (see page 40 here ). Ponder why our banks pay licence fee of N25bn only to be selling recharge cards through short codes displacing the petty trader by the street corner and going into online market hubs in order to kill off the likes of Konga and Jumia? While you are there looking for a 1 plus 1 answer, banks collect 30 per cent interest from loans to pay you 0 per cent monthly interest on your own savings. In a recession year, most banks financial year profits have bettered 2015 performance; some have even gone on to dole out bonuses to staff. Tell me where else in the world can you see this? You have a bank governor who has thousand units of shares in a regulated bank; although in cases like this, they will tell you it is with a trust. I usually tell my friends if Julian Assange of Wikileaks should hack the CBN mails, the racket there should make anyone spew. Other board members are simply there because they retired as finance directors from the Nigerian National Petroleum Corporation, so you see that how to collect oil dollar inflow is utmost for these people than the value of your naira. Then, below the management board are silver spoon kids that sojourned back with a finance degree for which SaharaReporters unearthed the last recruitment scam and Aso Rock saw as normal. Should we even bother about them? It was a former State governor during a Save Nigeria Group event in 2013 that aptly summed it up that, “We the elites send our kids for studies abroad to come back as misfits”. In a place like the UK, the Bank of England interviewed candidates for the plum job and Mark Carney, a Canadian, came out best and pronto, he was appointed governor. It beats a rational mind why these Nigerian silver spoon kids cannot fit into such societies but wait to get home for daddy to desecrate public institutions. If a professor friend that consults for the CBN can confess that he still mixes up the causes with types of inflation, one wonders why Ibe Kachikwu or Atiku Abubakar’s children should care if inflation is galloping at more than 10 per cent per annum. The Securities and Exchange Commission and the Nigerian Deposit Insurance Company (places populated by quota system/nepotism) have come out to say they did their bid in ADVISING Nigerians about MMM and bought media spaces to lament how 30 per cent is a Ponzi scheme. These quota system folks are not educated enough to know that anywhere there is a circular flow of funds so far there is ample LIQUIDITY, money has a multiplier effect. Little wonder why money generated by monetary authorities (and indeed even by a system like MMM) is called high-powered money. It is needless to debate that in fact, it is loans that create deposits not vice versa. You can now see why money is man’s greatest invention! Enough of the digression! Currently, the CBN and other failed Nigerian institutions have come out to lambast Nigerians for failing to heed their advice. What these recession gatekeepers do not know is that already sound central banks in progressive climes have all reduced money supply due to the seasonality effect from festive periods due to high money velocity in order to maintain inflation rates of less than three per cent. Even with that, if you analyse their data, you still find seasonality trends in MMM money supply. The MMM was right to have paused its payout accounts but to the contrary, our CBN is busy pumping worthless naira into the system. As you read this, inflation has gone up again in the last quarter and mind you, sustained inflation is an all-round monetary phenomenon (or problem). Millions of Nigerians in the MMM community need not harbour any fear over of a lack of liquidity by January when the system comes on as planned. Even if there is a lack of liquidity in the Nigerian platform, the MMM can still credit account holders with Bitcoin from other countries. Is it not even better to dump the naira for the finance minister and the CBN governor of depression (of course, expect a negative GDP this quarter) and diversify your portfolio to Bitcoin and then for the US greenback. The advent of digital money has enough safeguards to make for a robust MMM system. Pressing the panic button can crash even the best of financial systems but this is a needless self-destruct route. The great John Maynard Keynes called it the ‘Herd effect’. I implore Nigerians to ignore their failed institutions. http://punchng.com/can-cbn-learn-mmm/
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As long as it's not weed........isorait ![]() |
You better check first before you talk Mr man. erico2k2:Sahara energy- Tunde ayeni, Tonye Cole Yoruba/Niger deltan Mrs oil-Dantata-Hausa/Fulani Alhaji Wada rano- Hausa/Fulani Uchechukwu ogah-masters energy-Igbo Mr tukur- eternal oil and gas-Hausa/Fulani Uju ifejika- brittania u-Igbo Winifred akpani- north west petroleum-Niger deltan Risqua muritala Muhammad- amg petrol energy-Hausa/Fulani Wale Tinubu-Oando-Yoruba Dr Gregory ero-Arkleen oil and gas-Niger deltan Kola kareem- shoreline energy-Yoruba Emmanuel ojei- emo oil-Niger deltan Chika okafor setana energy-Igbo Abdulwasiu sowami- prudent energy-Yoruba |
NNVanguard:Sahara energy- Tunde ayeni, Tonye Cole Yoruba/Niger deltan Mrs oil-Dantata-Hausa/Fulani Alhaji Wada rano- Hausa/Fulani Uchechukwu ogah-masters energy-Igbo Mr tukur- eternal oil and gas-Hausa/Fulani Uju ifejika- brittania u-Igbo Winifred akpani- north west petroleum-Niger deltan Risqua muritala Muhammad- amg petrol energy-Hausa/Fulani Wale Tinubu-Oando-Yoruba Dr Gregory ero-Arkleen oil and gas-Niger deltan Kola kareem- shoreline energy-Yoruba Emmanuel ojei- emo oil-Niger deltan Chika okafor setana energy-Igbo Abdulwasiu sowami- prudent energy-Yoruba |
limeta:Talk of empty bluffing..............there you are ![]() |
OOO.......oh the Bleep!
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KPboy:What is body count? |
Why should these prodigal Nigerians keep on disgracing us internationally..........why? |
![]() See as dem luk like yellow pawpaw. ![]() ![]() |
goldbim:Like MMM. |
Peroti:That is the reason you'll remain the way you are. |
Peroti:It is "birds of a feather flock together", and not "birds of the same feather". |
If you check very well, those two shameless women must have been brought up in inner Ibadan ![]() |
The Ijaw Youth Council on Wednesday called on the Federal Government to pay the backlog of stipends owed ex-militants. The council’s Spokesman, Mr. Eric Omare, in a statement said that the IYC was not happy the Coordinator of Amnesty Programme, with the disposition of Gen. Paul Boroh (rtd), toward facilitating the release of the stipends from the government. He said that Boroh had attributed the delay in the payment to the Treasury Single Account policy of the government. He said, “Niger Delta ex-militants under the amnesty programme are being owed five months arrears of stipends.” The spokesman said that the non-payment had subjected the ex-militants to untold hardship and `miserable’ Christmas celebration. He said, “We also call on the National Security Adviser, Gen. Babagana Munguno, under whose office the amnesty programme is domiciled, to take steps to immediately effect the payments to avoid unnecessary hostility.” However, Boroh reassured the ex-militants of payment of the stipends, urging them not to be agitated by the delay. According to him, the Federal Government is aware of the pains the ex-militants are going through and will ensure that they get their stipends soon. He said, “I am assuring all beneficiaries under the programme that arrangements are being made to fast-track the payment of their stipends as soon as the Amnesty Office receives its allocation.” http://punchng.com/pay-backlog-stipends-ex-militants-tell-fg/ |
By the time Oyinbos are giving bith to black kids.. ![]() |