₦airaland Forum

The Ekiti State Governor, Ayodele Fayose has described the decision to withdraw $1 billion from the Excess Crude Account to fight Boko Haram insurgency as a means by the All Progressives
Congress, APC-led federal government to fund President Muhammadu Buhari’s re-election in 2019.

“For posterity sake, I wish to place it on record that I was not among the governors who approved the withdrawal of almost half of our savings in the Excess Crude Account, which belongs to the three tiers of government to fight an already defeated insurgency,” he declared.

In a press statement issued in Ado Ekiti on Friday, and signed by his Special Assistant on Public Communications and New Media, Lere Olayinka, Governor Fayose said; “Since they said they have defeated Boko Haram, what else do they need a whopping sum of $1 billion (over N360 billion) for; if not to fund the 2019 elections?

“The APC promised to wipe out Boko Haram within six months, now it is 31 months and what the APC government is wiping out is the economy of Nigeria and the means of livelihood of the people.”

The governor said N360 billion was equivalent to what the Federation Account Allocation Committee (FAAC) share to the federal government, 36 States and 777 Local Councils monthly, nothing that “Nigerians deserve proper explanations from the federal government on the rationale behind spending such huge sum of money to fight an already defeated Boko Haram.”

He challenged the federal government to make available to Nigerians, how the money released by international donors for the fight against Boko Haram was spent.

“Even the Transparency International (TI) once said in its report that some top military
officials in the country were feeding fat from the war against Boko Haram by creating fake contracts and laundering the proceeds in the United States, United Kingdom and elsewhere.”

The governor also alleged that the N50 billion kept by the Nigeria National Petroleum Corporation (NNPC) in different commercial bank accounts outside the Treasury Single Account (TSA) on the directive of President Buhari’s Chief of Staff, Abba Kyari was part of the fund being kept to fund President Buhari’s election in 2019.

Governor Fayose said, “Nigerians are alarmed by the revelation from the House of Representatives that President Buhari exempted NNPC from transferring N50 billion to the TSA, and the Central Bank of Nigeria (CBN), confirmation that a letter issued by the Chief of Staff (CoS) to the president, Abba Kyari conveyed the directive.

“Also, they are miffed by the federal government’s idea of withdrawing $1 billion from the Excess Crude Account to fund an insurgency they said had been defeated.

“They went on to tell Nigerians that the decision was taken by governors of the 36 States, whereas, it was solely the idea of the federal government, which they used the arranged National Executive Council meeting to achieve.

“The question is; how can the federal government alone spend almost half of the Excess Crude money that belongs to the three tiers of government (i.e. Federal Government, States and Local Councils)?

“The reality is that our treasury is daily being looted in readiness for the 2019 elections. Nigerians are therefore alerted to this lootings by the APC led federal government to amass huge fund for the 2019 elections under the pretense of fighting insurgency in the Northeast as well as other dubious means.”

The governor, who is from the opposition Peoples Democratic Party, PDP is a vocal critic of the Buhari-led government.



https://www.premiumtimesng.com/news/top-news/252552-nigerian-govt-withdrawing-1-billion-excess-crude-money-fund-buharis-reelection-fayose.html

Hi guys, this is a follow up to an earlier thread which did not deal with returns from the capital market.

The stock market is as profitable as any long-term investment. It is not a sharp sharp business. The risk involved is in making wrong investment which may include:
1.Investing in a business that is not well managed.
2. Investing in a business that is not investors friendly.

After investing in a business you may make profit in too ways namely:
1. Through business returns like dividend or bonus the company may share to its investors at the end of a period, usually on annual basis. Though some investor friendly companies may share dividend or bonus more than once in a year.
2. Through capital appreciation. The business you invested in at the rate of N10 per shares may appreciation to N15 per share in the long-term. Which is 50% return on investment. Same way the company shares may as well depreciate which could amount to some percentage loss.

In stock market you earn as you invest. Profits are calculated per share. So the more shares you own the high your return, be it dividend or capital appreciation.
For the minimum amount you can invest; for me I want to place it at a N100k. Any thing less may look like a child's play.

Actually like any longterm investment, the stock market is for the rich or wannabe rich persons. It is a set apart kind of investment, like you buy land and wait for it to appreciate with time.

However you need skill to make wise investment in the stock market because not all successful business are good investment. Where the skill is lacking you may consult experts before parting with your cash.

You can ask me anything.
Thank you for your time and have a nice day.

sarafa68:
After all this long aeticle. There still aint any step by step example for the laymen.

Is the stock trading a profitable venture? Or is as risky as ponzi and bet9ja and co?.

How much should be the minumum amount for investing?...

The stock market is as profitable as any long-term investment. It is not a sharp sharp business. The risk involved is in making wrong investment which may include:
1.Investing in a business that is not well managed.
2. Investing in a business that is not investors friendly.

For the minimum amount you can invest; for me I want to place it at a N100k any thing less may look like a child's play. Actually like any longterm investment, the stock market is for the rich or wannabe rich persons.

Here is the problem with Nigeria.... Materialism.

The most important thing for Dele is his presidential car and house.

Homeboiy:
He is trying to be a good man since 2019 is drawing near

Is he a bad man before? If yes, what evidence do you have. If non keep quite and allow the man pursue his dream.

MhizzAJ:
true love doesn't exist anymore

Says who? Maybe you are taken by otherthings but love. True love is everywhere you need to adjust your taste or mind to see it.

Ok, you re more relevant. Weldone.

Cinkq:
Jonathan is the immediate past Nigeria president and should be the most relevant, However, that is not the case as Obasanjo who left aso rock exactly 10years ago is more respected at home and abroad than him. His carelessnes spoilt a lot for his regime.

Which Buhari?


quote author=deji17 post=60258310]CHANGE IS HERE

Buhari is working! Sterling performance / result is been achieved. Wailers are sad and angry![/quote]

This is only possible because Buhari is not aware of it.

mrlaw93:
Buhari is working

Lol, only in Warri.

Bombberg lairs

CORRUPTION IN NIGERIA IS A NATIONAL ISSUE. IT IS NOT LIMITED TO ONLY PDP MEMBERS ALONE.

WE HAVE HEARD OF MANY CORRUPT PEOPLE IN APC BUT NO ONE IS INVESTIGATING THEM.

MAYBE WHEN THEY ARE INVESTIGATED THE WAY PDP MEMBERS ARE CURRENTLY BEEN INVESTIGATED THEN WE CAN COMPARE
AND KNOW WHO IS MORE CORRUPT.

I would rather suggest you start small with whatever you have. When you understand the terrain then you can add a loan.

Loans can put you under pressure and you might make mistakes.

Now, I have read many things here about mastubation been bad and all that but let me tell you it's not as bad as many things I will list shortly that many of ya do.

Mastubation is better than:
1. Piping somebody's wife[b][/b][b][/b]
2. Paying a sex hawker for sex
3. Burning, if you know what that mean.
4. Piping your sister, daughter, brother and all that.
5. A Pastor Piping his members.
6. Piping your wife's sister abi ur husbands brother.
7. Gay bullshit

Now for u chief mastubators, am not say you should mastubate ur brains out. Mind you it can affect your relationship and sex life badly.

I rest my case.


Mod, happy Sunday.

Supported.

quote author=yehmi01 post=43897928]I honestly am of the opinion that Nigeria's independence should be withdrawn.

Thats my conclusion about the state of the country called nigeria.[/quote]

What is this one saying, are you in Anambra state? Willie is a top performing governor. Get it.


Continue using psychology for the gullible people.You became governor since 2014, we never heard about your achievements since then; now a year to the next elections, you have become the messiah. All these governors sef should be kicked out after their first terms because their second terms are only for stealing and enriching their families.[/quote]

Who remembers this President Jonathan words in 2014, at his declaration to run for 2nd term.

"We cannot go back to the old ways, where there were long queues at our filling stations due to irregular supply of products and our people were exploited."

I wish we listened.

http://www.channelstv.com/2014/11/11/full-text-goodluck-jonathans-declaration-speech/

Very good

Amaechi busted.

Lies, lies and lies everywhere.

SERIOUS BULLET OOOOO.

RUBBISH!! WE KNOW THE BEST GOVERNOR IN THE SOUTH EAST IS OBIANO.

When is he going abeg?

Ibrahim: RIP
Killers: May the God forgive you.

Protocol officer of the NFF Ibrahim Abubakar is dead. He was shot at his residence in Abuja yeasterday.
May his soul rest in peace.

Read full gist at link below.
http://www.bbc.com/sport/0/football/35240924

Actually, am not interested how anybody spend their money, am interested on how he made the money. I know how to spend it.

Op, do you have licence to run this business. Talk to ur lawyers about that too.

Girls of nowadays, no home training kobo! (Lol)
A man just died, no one lashes at the dead.


Who said so?

I miss my President.

I can't get PMS (Fuel) to buy.

I miss my President.

BETTER PERSON.

Let the one that we vote work first. Thank you.