₦airaland Forum

oh my goodness what all dis

yes and no coz it depend on the town

it may sound some how it donkey master

ok,i done hear

naira landers what ur propose car for now

whatz up landers,what your best color

my guy e go end one day if they like it or not

whatz up landers,discuss dressing style that most fits u,dat fits your walking step,ur body.U know the stuff i dey talk abut.

playing wears

thankz a million Seun

thank God 4 u

i prefer friend rice

OPERATIVES of the Economic and Financial Crimes Commission (EFCC) investigating the alleged massive insider abuse in the banking sector have reportedly uncovered an alleged N23 billion money laundering scam in Oceanic Bank.

Oceanic Bank is one of the eight banks that had their management teams sacked by the Central Bank of Nigeria (CBN) in the wake of alleged unethical practices in the industry.

The aftermath of the discovery, according to sources in the commission, has seen fresh money laundering charges being prepared against the sacked Group Managing Director and Chief Executive Officer of the bank, Mrs Cecilia Ibru and two others.

They are Dele Oye, a legal practitioner, and Nana Shetu Bedeni, a nanny to the Ibru family.

In order to make them face the law, the commission is also said to have commenced their repatriation from abroad where they reportedly fled following the arrest of Mrs. Ibru over the alleged unethical practice in the running of the bank.

She is being prosecuted alongside 13 former bank chiefs sacked by the apex bank in five banks during the first round of the sanitisation exercise in the industry.

It was further gathered that the commission had also added former Group Managing Director of Intercontinental Bank Plc, Erastus Akingbola to the extradition list.

Akingbola left the country for the United Kingdom following his removal by the apex bank and has since been declared wanted by the anti-graft commission.

Commission’s spokesperson, Mr. Femi Babafemi, confirmed that the commission was working hard on cases involving all the individuals mentioned.

According to him “I don’t have the details you referred to, but I know that the commission is working hard on the cases of some individuals you referred to”.

Nigerian Tribune gathered that fresh facts dug up by the commission’s operatives revealed that Mrs. Ibru was allegedly using Dele Oye and Nana Bedeni as fronts to launder investors’ and depositors’ funds to her personal purse.

Sources disclosed that Waves Nigeria Ltd, a company allegedly owned by Ibru’s son, who was a director in the bank, was allegedly used in laundering the N23 billion sum, even though its shares capital during registration with the Corporate Affairs Commission {CAC}was just one million shares, and by law, should not receive money beyond its share capital capacity.

The ownership of the company was said to have been relinquished by Ibru’s son to Bedei and Oye in 2006, with Mrs. Ibru allegedly paying 110 million dollars (about N16.9b) and N6 billion to the company almost immediately the duo took over the ownership of the company.

The company under the leadership of the duo was said to have paid 10 million dollars (N1.5bn) to Mrs. Ibru’s private bank account, after the N23 billion payment was made.

Sources added that the commission’s operatives also discovered that the company was awarded a contract by Oceanic leadership under Mrs. Ibru to build its corporate headquarters, with documents allegedly found with the bank showing that the payments made to the company was for the project.

It was further learnt that documents from Waves allegedly showed that it owned the building while Oceanic would just be a tenant, though the land on which the property is being built was allegedly discovered to belong to the Ibru family.

Though the said property is still said to be under construction, documents found exhumed by the commission’s operatives showed that Oceanic had already paid 22 million dollars (N3.4bn) for 10 years rent to Waves Ltd for the uncompleted building.

Findings of the commission’s operatives reportedly showed that the Ibru leadership at Oceanic paid rent for a property that was paid for and still under construction, with one of the sources saying that “The whole deal was designed to just siphon shareholders and depositors monies into private accounts and that is why they would face a fresh money laundering trial”.

Ibru is currently on conditional bail, with sources in the anti-graft commission revealing that she would be arraigned in Lagos next week over the alleged money laundering.

The commission, it was learnt, would also apply to the court for the repatriation of her co-accused during her fresh arraignment.






http://www.tribune.com.ng/13102009/news/news2.html

UNLESS vice chancellors and other key officials of Nigerian universities update their management skills, university system in the country will continue to be in the woods.

This was the opinion of the Pro-Chancellor and Chairman of the Governing Council of the Olabisi Onabanjo University (OOU), Ago-Iwoye, Chief (Dr.) Alex Onabanjo, at a lecture organised by the Correspondents Chapel of the Oyo State council of the Nigeria Union of Journalists (NUJ), in Ibadan, Oyo State, on Monday.

Speaking on the topic, Taking Public Universities to the Next Level: The Managerial Challenge, Chief Onabanjo observed that funding, falling standards, admission racketeering, cultism, inadequate staff strength, autonomy, general poor working conditions and mismanagement of resources were problems millitating against the university system.

He identified lack of managerial acumen on the part of those running public universities as a reason things might never work in the system.

Citing the rising profile of private universities in the country as an example, the renowned industrialist said “to a very large extent, the country’s private universities, which are currently more than 50 in number, are not, manifestly, faced with this problem, because they know that if they do not pay their bills, they would simply be forced to close shop.”

He said this made the proprietors to search for people with proven managerial skills who were not only open to constant innovations, but also constantly exposed to current managerial trends via linkages with local and international policy and business institutions.

“In other words, they look for people who can sell on the local and international markets,” he said.

He regretted that public universities appeared to be managed largely by academics and non-teaching staff with little management capacity, and had retained a primordial civil service mentality instead of constantly evolving strategies for survival.

He added that unlike in the United Kingdom and other developed countries, the manner university vice chancellors, especially in the states, emerged in Nigeria was based on politics, rather than on merit.

“Are Nigeria’s public universities facing a managerial challenge? This question should perhaps be seen not in the context of the problems confronting these institutions, especially the state universities, but in how, at management level, they have responded to these problems.

“It is my candid submission here that a whole lot of Nigeria’s public universities lack purposeful, vision-driven, cost-informed leadership and have, thus, neither earned the respect of critical observers of the system nor justified the confidence reposed in them by the discerning public,” he said.






http://www.tribune.com.ng/13102009/news/news19.html

A 47-year-old woman, Mrs. Folake Okunola, has been arrested by the Oyo State police command for allegedly killing her husband, Mr. Samson Salako (50).

The deceased was said to have slumped and died after a quarrel with his wife at their residence in Alakia-Adegbayi in Egbeda Local Government Area of the state.

Nigerian Tribune learnt that the deceased had, on Monday morning, picked up quarrel with his wife, which later led to his death.

Eyewitness said the deceased had gone to report the incident to one of his friends in the neighbourhood when he suddenly slumped and died.

The woman said she had left for the Church when she received the call that her husband had died.

She denied killing her husband, saying that her husband was fond of beating her everyday.

However, the first wife of the late Salako, Rebecca, had insisted that it was Folake who killed their husband.

According to her, the woman had always threatened to kill the man whenever they had any misunderstanding.

When contacted, the state Commissioner of Police, Alhaji Baba Bolanta, confirmed the incident, adding that the deceased slumped after a scuttle with his wife.







http://www.tribune.com.ng/13102009/news/news16.html

Twenty-three Peoples Democractic Party (PDP) gubernatorial aspirants, on Monday, rejected the selection of Professor Chukwuma Soludo as the governorship candidate of the party in Anambra State.

Chief Chuma Nwafor, who addressed newsmen on behalf of the 23 aspirants, therefore, called on the National Working Committee (NWC) of the party to reverse its decision.

“The process of picking Soludo as the governorship standard-bearer was not done according to the party constitution. We all took an oath to abide by the party constitution.

“We will not accept the imposition of a candidate on us. All we know is that the delegates congress to choose an aspirant was inconclusive,” Nwafor said.

Nwafor insisted on due process in the conduct of producing an aspirant for the election. “We insist that this race is for votes. Let a proper congress be held and a candidate chosen. This is our final decision,” he said.

The NWC of the party had picked Soludo on Friday night in Abuja with Chief Emmanuel Anosike as the running mate for the Feb. 6, 2010 election. The move led to the end of a high-stake contest in electing a governorship candidate for the party in the election.

Some 47 aspirants, including Soludo, a former Governor of the Central Bank of Nigeria (CBN) jostled for the ticket, but the party failed to produce a candidate as the primaries could not hold due to court injunctions.

He said that 23 of the aspirants had decided to write a letter of protest to President Umaru Yar’Adua and a copy presented to the NWC and the PDP National Chairman, Prince Vincent Ogbulafor.

Meanwhile, a group, known as Concerned Constitutional Statutory Delegates from Anambra State for the Special Congress for the Gubernatorial Primary Election, 2010, had staged a protest at the PDP headquarters, Abuja, rejecting the decision of the NWC to “impose” a candidate on the party.

Meanwhile, Professor Soludo has appealed to his opponents in the botched party primaries to rally behind his candidacy for the sake of the people of the state. He spoke in Abuja, on Monday.

Professor Soludo, who was reacting to his selection publicly for the first time, in an interview with reporters, assured that his emergence along with his running mate, Senator Anosike, was designed by God to ensure that Anambra had a clean break from the past, saying that he had started reaching out to other contestants.

According to him, “I can only say to God be the glory and I believe God has destined that Anambra State must sing a new song; that Anambra State must have a break from the past. I think it is God’s doing and all I have done is also to reach out to my colleagues who are the fellow aspirants and I think we are trying to build a very strong formidable united family as one big family.”










http://www.tribune.com.ng/13102009/news/news6.html

oh my goodness

nairalanders,combining old and new rap artist 2gether,i think dat don't make sense,Mode9 and ruggedman are not in the same class coz rugedman done be in the industry for so long

LEGEND waiting be high table,i just dey studio dey read ur post,omo ready 4 my swaga i go pump out very soon.legend u get mouth,i go reach u 2morrow

OBJ dey do am well

oh my goodness

i don't think so

yes coz we are having many dat can cook

Former Vice President, Atiku Abubakar, has said the presidency is no longer a do or die affair for him, hence his acceptance of the arrangement that would see him, Buhari or Bafarawa at the helm of affairs. Atiku, according to a statement by Chief Eze Chukwuemeka Eze, media coordinator of the former Action Congress (AC) gubernatorial candidate in Rivers State, is now committed to the reconstruction of the nation.



“Without having a forgiving spirit, I would very well have been dead by now, To be a worthy politician, you must learn to love people no matter the challenges”, Atiku said, stressing that he joined politics and loves politics because of his love for the people.

I
n his speech at the meeting with Atiku, the former AC candidate in Rivers State, Prince Tonye Princewill, commended the Turaki, retired General Muhammadu Buhari and Alh. Attahiru Bafurawa for their decision to forgo any form of personal political ambition to join forces to salvage Nigeria from the grip of the ruling PDP.

He said the move was admirable and timely as it was capable of restoring the tenets of democracy hitherto destroyed by the PDP in its quest to perpetuate itself in power by any means necessary, advising that it must be devoid of any self serving agenda. Speaking on the Turaki’s relevance in the new arrangement, Princewill expressed the desire to see him at the helm of the coalition, since according to him; there is a need for Atiku to be instrumental in ousting the PDP, where he was a key player.






http://www.news.dailytrust.com/index.php?option=com_content&view=article&id=7643:presidency-not-a-do-or-die-affair-atiku&catid=46:lead-stories&Itemid=140

pineapple na the best

hotdog

my guy,it very difficult to say but if only ur apply your brain dat means u must be a brave person on how u put it down

i think so

at this point,let see what he will achieve at the world cup

sad news