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No fewer than 63 senators have signalled their intentions to commence impeachment moves against President Goodluck Jonathan, just as 215 members of the House of Representatives have allegedly signed the impeachment register. Daily Sun gathered yesterday evening that eight senators on the platform of the Peoples Democratic Party (PDP) had joined the ranks of All Progressives Congress (APC) to start the impeachment process. A ranking senator from the APC confirmed the existence of the list and also, disclosed that some members of the ruling party in the Red Chamber “willingly wrote their names and appended their signatures to commence impeachment proceedings against President Jonathan.” Reminded that the impeachment process, as stipulated in the constitution, was a lengthy process and that the Seventh Senate might not have the time to see through the process, he replied: “We will start the president’s impeachment once we get the required number. Some of the PDP senators have already signed the register.” Pointing at some of the law books on the shelf in his office, the senator insisted that lawmakers “are versed in the law. We know what to do.” It was gathered that some of the president’s alleged offences reportedly compiled by the senators included police invasion of the National Assembly on Thursday, November 20; disregard for the parliament as evidenced in the invasion of Ekiti House of Assembly, persistent non-implementation of national budgets, even after the National Assembly had consistently warned that it was a breach of the constitution. “The president has consistently usurped the powers of the National Assembly and it is time to put a stop to that. The constitution has granted us the powers to impeach any president that breaches the spirit and letters of the same constitution,” he said. He also disclosed that the same process was on in the House of Representatives but declined to confirm whether PDP members had signed the impeachment register. |
papalnuncio:This one schooled in Bangladesh. |
Two female suicide bombers on Tuesday morning hit a crowded market in Maiduguri, Borno State, killing several people. The bomb was detonated at Baba Laying, a very popular area inside the Monday market in Maiduguri. However, one of the bombers was caught and killed by an angry mob. Details later… Source: www.thenationonlineng.net/new/female-bombers-hit-maiduguri-market-several-killed/ |
Wife of President Goodluck Jonathan, Dame Patience Jonathan, on Monday urged Nigerians, especially women to re-elect the President in the 2015 election. The First Lady said it is time for Nigerian women to show appreciation to President Jonathan by coming out en mass to vote for him, for being gender sensitive by appointing women into key political offices. She made the call while declaring open a two- day national conference on women and 2015 election in Abuja. The conference with the theme: “Making a Difference,” was put together by the Independent National Electoral Commission, the Ministry of Women Affairs and Social Development and the United Nations Development Project (UNDP). The Minister of Water Resources, Sarah Ochekpe, who represented the First Lady, stated that women must be ready to invest their time and resources to create more opportunities for their participations in policy making as well contribute their quota to nation’s economic and political growth. Ochekpe, who called on the National Assembly to implement the national policy for gender, however charged women especially political aspirants to seize the opportunity of the conference to acquire leadership trainings and be informed of the of the proper electoral processes that will improve the country. Source: www.thenationonlineng.net/new/re-elect-my-husband-in-2015-first-lady/ |
A federal court in Abuja has freed Aminu Oguche, the suspected mastermind of the Nyanya bomb attack in Abuja, the News Agency of Nigeria has reported. The court struck out a two-count terrorism charge against Mr. Ogwuche on Monday, after months of trial for the April 2014 attack which killed more than 70 people. The court hinged its decision on lack of diligent prosecution by the state. Mr. Ogwuche, a suspected Boko Haram member, was accused by the Nigerian government of being behind the attack. The blast at the Nyanya Motor Park occurred during morning peak hours as residents were hurrying to work. The government said Mr. Ogwuche fled to Sudan after coordinating the attack. He was later repatriated to Nigeria to face charges. Details of Monday’s ruling are sketchy and will be brought in our subsequent updates. Source: www.premiumtimesng.com/news/171794-breaking-court-frees-alleged-nyanya-bomber.html
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Too bad. |
Jonathan is drunk. |
youngds:Booked |
• TAN deployed as chief tool Transformation Agenda of Nigeria (TAN), the chief campaigner for President Goodluck Jonathan’s second term, has been recruited to spearhead the ouster of Governor Seriake Dickson of Bayelsa State from office. Allegedly bankrolling the campaign in President Jonathan’s home state is his wife, Dame Patience, who recently resigned her appointment as a Permanent Secretary in the state civil service. The resignation confirmed speculations about the First Lady’s frosty relations with the governor. Mrs. Jonathan, according to political sources in the state, wants Seriake out of power not beyond 2016 when his first term expires. Her move is generating ripples in the state with some elders and stakeholders said to be angry at what they see as a plot to destabilise the state. They are considering sending a high- powered delegation to President Jonathan to call his wife to order. The Nation gathered that the First Lady brought in TAN to drive the ‘Seriake-must-go campaign’, and also consulted former close associates of ex-governor of the state, Mr. Timipre Sylva, to lead TAN in the state. The plot, sources said, entails the restructuring of TAN leadership in the state. Tipped to lead the new TAN is a former top government functionary in the state and close associate of the First Lady. The proposed TAN leader was until recently in Sylva’s camp. The current leader of TAN in the state, Mr. Talford Ongolo, has been pushed aside to give way for the new man. The new man has started his mission by coordinating the distribution of goodies from a federal government agency to the people. The source who pleaded anonymity said the campaign is expected to be launched soon with anti-Seriake rallies across the state. “This is just the latest addition to the bag of strategies mapped out by the First Lady to remove Dickson,” the source said. “You’ll recall that she resigned her appointment as permanent secretary to give her the moral ground to launch this war. Besides, you heard of her partnership with some federal lawmakers. “Right now she has resolved that TAN should drive the process. She is working with the loyalists of former governor Sylva and they are coming under the guise of TAN to work against Dickson. “That is her new strategy now. She wants to use the TAN structure which is everywhere to actualise her ambition.” He said the First Lady had already promised her foot soldiers juicy rewards after a successful campaign. “They are going to use TAN like a body to fight the government and they are going to engage in propaganda. It is the same thing that they are doing now, everything possible to rubbish the governor. “Her number one agenda is to get him out of the way.” The source said Bayelsa elders and stakeholders who are aware of the development will soon be “meeting with the President to plead with him to call his wife to order.” When contacted, Ongolo’s personal aide confirmed that his boss had been sidelined from all TAN activities in the state. The aide who said his name should not be mentioned said TAN suddenly accused Ongolo of being Dickson’s man and declared him unfit to handle its affairs in the state. “It was a surprise to all of us. Ongolo has been the coordinator of TAN in the state but recently he was not allowed to handle TAN activities any more. He was branded Dickson’s man. We don’t know what that means but we smell a rat. “We were also surprised to see someone coordinating the activities of TAN and it became obvious when he led the distribution of items brought for women in the state. “My boss still has all the documents of TAN in his custody. Nobody has had the courtesy to officially relieve him of his position.” Source: https://thenationonlineng.net/new/first-ladys-plot-to-unseat-dickson-gathers-stream/ |
Yea we love hip hop |
So I made front page but nothing was really different about me thereafter. Then I ask myself, why all the hype all along? Only price I paid was getting banned twice. And trying to modify my op seems impossible. |
The latest report by the International Crisis Group has suggested that with Nigeria’s politics sliding dangerously towards violence, the forthcoming general elections appeared to be in great danger. According to the report, “Nigeria’s Dangerous 2015 Elections: Limiting the Violence”, the general elections, particularly given the bitter struggle between the ruling Peoples Democratic Party (PDP) and the opposition All Progressives Congress (APC), would be a fierce contest that might be rocked by violence if certain steps are not taken. “The Boko Haram insurgency, competing claims to the presidency between the majority Muslim north and majority Christian south, inadequate electoral arrangements and apparent bias by security agencies all point toward a very perilous contest whose results may also be disputed,” the report said. The authors of the report however called for urgent improvements in security and electoral arrangements, as well as in political mindsets. The report however examined the dangerous tide in which electoral preparations are taking place and outlined measures which needed to be taken urgently to curb the already brewing violence. The report’s findings and recommendations include: . The electoral environment is highly destabilised by insecurity, particularly in the North East. The federal government must strengthen its security apparatus; work closely with relevant state governments toward achieving better results from its counter-insurgency operations; collaborate much more effectively with neighbouring countries, bilaterally and through regional platforms, and ensure elections are held in all states. Preparations for the elections suffer from a deficient legal framework and lack of confidence in the Independent National Electoral Commission (INEC) and the security agencies. The National Assembly needs to prioritise amendment of the electoral law, particularly establishing an election offences tribunal. INEC needs to build confidence, including by speedily producing a credible voter register. Security agencies need to demonstrate neutrality in their relations with all parties. Leaders of political parties and of regional, ethnic and religious “pressure groups” are significantly influencing electoral preparations and voters’ expectations of their outcomes. Party leaders and candidates should comply with the code of conduct their parties signed voluntarily and hold their supporters accountable to its provisions. Regional, ethnic and religious leaders must also refrain from inflammatory rhetoric and ensure their followers pursue their political aspirations peacefully. Nigeria’s international partners should engage all major political actors toward preventing or mitigating violence before, during and especially after the polls. “Boko Haram’s insurgency makes these elections particularly fraught, but it is only a microcosm of the country’s deepening political, religious and ethnic divides” said Nnamdi Obasi, Nigeria Senior Analyst. “With only three months to the polls, a sense of urgency is more than ever imperative, particularly on the part of the government and the election- management and security agencies.” “As Africa’s most populous country and largest economy, Nigeria would pose a very real security threat if it were destabilised by election violence,” says EJ Hogendoorn, Africa Program Deputy Director. “Salvaging the situation requires concerted efforts by all national actors and international partners”. Source: www.premiumtimesng.com/news/top-news/171719-violence-may-mar-nigerias-2015-general-elections-report.html |
The Inspector-General of Police, IGP Suleiman Abba CFR, NPOM, NPM, mni, has denied issuing any arrest order on any particular person involved in the attack on Policemen, or the disturbance of public peace, at the premises of the National Assembly, Abuja on Thursday, 20 November, 2014. Rather, it lies with the investigating Police Officers to determine who to invite, quiz and prosecute as the case may be. In another vein, the Inspector-General of Police has condemned in very strong terms the unwarranted attack on Police Officers providing security at a political rally in Oke Ado area of Ibadan, Oyo State, during which one Police Inspector was shot dead and 5 others sustained grievous injuries. While ordering a thorough investigation into the shooting incident and the attendant death of a service personnel, the Inspector-General of Police reiterated his warning to political actors to desist from the use of thugs in pursuing their agenda. The IGP reaffirmed the resolve and determination of the Nigeria Police to provide a safe and secure corridor for all political competitors, stressing that offenders of the Electoral Act will face the full wrath of the law. Ag. CP EMMANUEL C. S. OJUKWU, psc FORCE PUBLIC RELATIONS OFFICER FORCE HEADQUARTERS ABUJA. Source: www.npf.gov.ng/news/view-news?id=374#.VHDGWmrTXbM |
TheUnblinded:OP please the picture of that fellow with a shattered mouth wasn't a result of political unrest, it happened @ Dangote cement factory in Gboko and it was as a result of a quarrel dat involved a soldier and this guy was shot. These pictures are too gory. Is this NIGERIA? |
I do because I do everything like someone older. And at work am the youngest but always with the older folks and most of them believe am their age to the extent of referring issues to me for solutions. I feel somewhat angry when my dad even mentions it to somebody. The funniest part to me is that I told my galfrnd my age but she doubts me because it makes her older than me by a year. So for the past seven years she's never accepted she's older than me. |
Congratulations Major Manga. Correct boss. |
Israeli side MS Ashdod have been given 30 days by FIFA to pay Kaduna United the agreed transfer fee of $70,000 for Celtic and Super Eagles defender Efe Ambrose. In a judgment reached by the World soccer governing body dispute resolution committee Ashdod were also fined 15,000 Swiss francs in violation of art 64 of the FIFA Disciplinary Code. Efe Ambrose played for Kaduna United for four years before joining MS Ashdod in the winter of 2010. After two and a half years he was sold by the club for £1.5m but the club refused to pay Kaduna United an agreed 20 % sell on clause aside their refusal to pay up the transfer fee. Former Kaduna United chairman, Sabo Babayaro said Ashdod renegaded on their promise to pay up the agreed fee and sold Efe Ambrose to Celtic totally ignoring a 20% sell on clause included in the deal. Babayaro revealed he resorted to report the case to FIFA when it became clear Ashdod were trying to play smart by ignoring all reminders and mails sent to them to redeem the fee. “I kept quiet for four years because any move I make might lead to the banning of my son, Efe Ambrose, untill the club pay up the fee,”he told NationSport. “Unfortunately Ashdod took it for granted and some people are presently using it to stain my hard earned reputation with spurious claims” “Some claim it was $500,000 that I’am currently under investigation over it,how can it be when we all have a copy of the judgment reached by FIFA?” A copy of the judgment made available to NationSport and signed by the FIFA disciplinary committee deputy secretary Bernado Palmeiro also directed the Israeli side to pay the cost of 2,000 Swiss Franc for the cost of proceedings. It further directed Kaduna United and Ashdod to inform the committee when the payments are made. Source: thenationonlineng.net/new/fifa-gives-ashdod-30-days-to-pay-efe-ambroses-fee/
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What started in the House of Representatives as a plot to initiate impeachment proceedings against President Goodluck Jonathan has spread to the Senate, according to indications yesterday. A growing number of Senators are said to be enthusiastic to team up with the Reps to get the President impeached. One hundred and thirty Reps were known to have signed up to support the plot on Thursday, but by yesterday, the figure had risen up to 148, sources close to the bid said. The plot was sparked by alleged growing impunity by the Federal Government, the latest being Thursday’s attack on the National Assembly by armed policemen who tear-gassed Reps and denied Speaker Aminu Tambuwal access to the Chamber. Senate sources said yesterday that some senators were inclined to get President Jonathan impeached. The arrow heads of the plot in the Senate are from the Northeast where the President proposes to extend the emergency rule in Adamawa, Borno and Yobe States. The arrow heads, one source said, “have been meeting to plan how to convince and win other senators to buy into and support the pro-impeachment lawmakers.” The source said “things will get clearer by Tuesday 25 when the Senate will resume plenary.” But the source could not confirm if a register is already in place for interested senators to indicate their willingness to join the plot. “I know of a fact that there have been series of clandestine meetings where the plot was mooted,” he said. The senators say Jonathan must go to “save the country from unbridled impunity” by President Jonathan.” The source described Thursday’s invasion of the National Assembly as “the height of impunity that must not be condoned by right thinking Nigerians.” The Senate leadership is said to be labouring to calm frayed nerves. A South West Senator who spoke on the plot noted that it is obvious “things will no longer be the same in the National Assembly.” He said: “At this stage, it is still a matter of wait and see. Things can no longer be what they used to be. Even the most conservative in the Senate were agitated by the action of the police yesterday (Thursday). The police could not have acted without order from above.” In the House of Representatives, more members are said to be considering joining the 148 that have already indicated their willingness to be part of the impeachment process Many Reps are still aggrieved by the Thursday action of the Police which they cite as one of the several impunities of the Jonathan administration. “Since 1999, this is the first time in the history of democracy that such a thing has happened,” a Rep said of the attack The motion for impeachment may be moved as early as the 3rd of December, it was learnt. It was also gathered that the legal team of the Speaker may head to the court on Monday to file a contempt of court case against the President and the Police over the invasion of the National Assembly. According to a source, the Speaker is hinging his action on the fact that a court ruling exists that asks all parties to maintain the status quo over the issue of defection. The legal team would look at the possibility of getting the court to declare that the action of the Presidency/Police is subjudice. Also yesterday, the Minority Leader of the House and the leader of the APC Caucus in then Green Chamber, Femi Gbajabiamila, vowed that the opposition will not go to sleep in the House. In a statement entitled: “We Will Continue to be Vigilant Against Unlawful Tactics of Jonathan, Gbajamiamila expressed sadness over the events that led himself and other members into scaling over the National Assembly gate before gaining entrance into the National Assembly on Thursday. He said: “What happened in the National Assembly yesterday (Thursday) will forever live in infamy. Never thought I would see the day when I would be forced to go over the assembly gates where I work to gain access into the chambers. But then our democracy has to be saved.” Gbajabiamila expressed surprise that the Presidency, through its agents, could undermine a court injunction restraining them from acting against the Speaker, “It was pretty clear the Presidency in spite of a court injunction wanted to do something sinister and illegal. They perfected the plot to stop the Speaker and the opposition leader from gaining entry. “ My members were already in chambers waiting for me to come in so as to provide leadership and direction. Most of them had gone over the gate too. I had to do the needful to save our democracy. We thank God we foiled their evil machinations. We will continue to be vigilant”. Meanwhile, The Nation learnt that PDP members in the House are under fire from the Party and the Presidency for not delivering on the plan to remove Tambuwal on Thursday. According to a source, the strategy was to hijack the plenary after the Speaker might have been prevented from gaining access into the National Assembly by the Police who were deployed by the Inspector General of Police for that purpose. Trusted lawmakers from the PDP, with no allegiance to the Speaker, would then seize the House, and impeach the Speaker. The police would provide them cover and the Presidency would grant immediate recognition to the new Speaker, who naturally would have been the Deputy Speaker. However, the plan was thwarted by the vigilance of the opposition lawmakers, who smuggled Tambuwal into the Chamber, where he took charge of proceedings before the PDP lawmakers could act. Source: https://thenationonlineng.net/new/impeachment-plot-against-jonathan-thickens/ |
See Hon Members of Parliament Western House of Assembly in 1962 ! Nigerian politicians never learnt from the past ! SEP 1962 – Diary Of Western Nigeria’s Political Crisis – As parliamentarians in the Western House of Assembly riot, some MPs seek any means of exit. This record of the crisis in Western Nigeria serves as a reminder that we must never again allow political difference to get so disastrously out of hand. ( Photograph by Matthew Faji ©BAHA) Nov 20 ,2014.In modern day Nigeria , the same hing is playing out . See Hon member jumping the gate to get into National Assembly . The 1962 pix culled from TJ Bello: The Nigerian Nostalgia 1960 -1980 Project
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chesterlee:Your President disgraced the country, and not the lawmakers. |
Breaking News: Inspector General of Police orders arrest of speaker Tambuwal IGP AbbaThe Inspector General of Police, Abba Sulaiman may have given orders for the arrest of Speaker of the House of RepresentativesHon Aminu Waziri Tambuwal, Daily Trust has learnt. Sources told Daily Trust a similar order has been handed down to the Department of State Security (DSS.) The orders were given following the fracas that broke out at the National Assembly on Thursday where members of the House of Representativeswere confronted by armed security personnel who threw canisters of teargas at the speaker and other lawmakers to stop them from accessing the parliament building. The speaker and some of his colleagues who supported him beat the security cordon and later held a brief plenary thereby stopping some members in their tracks who had gathered protected by scores of Police and DSS operatives to initiate impeachment proceedings against the leadership of the House. Sources at the Police headquarters revealed that the Police chief gave the order for Tambuwal's arrest after a meeting with Vice President Namadi Sambo and the National Security Adviser Sambo Dasuki. "I can confirm to you that the order for his arrest has been given today (Friday). The signal from the IG's office specifically directed the FCT and Sokoto State commissioners of Police to serve Tambuwal with notice of invitation to the force headquarters and if he resists, he should be arrested immediately, “the source revealed. "The involvement of Sokoto CP was because the Speaker was sighted in Sokoto on Friday where he picked the All Progressive Congress (APC) governorship form for the coming elections. It was assumed that he was out of Abuja as such other police divisions were involved in the matter." Sources at the meeting in Villa indicate that both the Vice President and the NSA chastised the Police boss for the failure of his men to prevent Speaker from entering the national assembly premises. "The NSA was particularly angry and told the IG in clear terms that he doesn't know his job. He said how did the Speaker and the members break a cordon organised by the FCT Police commissioner. The NSA then made it clear that the Police authorities must rectify the anomalies or they will face the consequences. The IG then said Tambuwal will be arrested for questioning.” |
AgapeCharis:Now that wasn't sarcasm, but total foolishness. #NotFunny |
simplemach:WWW.premiumtimes.com |
smile4kenn:Sorry, but what are you saying? |
"The presidential invasion of the National Assembly which was unscrupulously executed by its pursuivant inspector general of police had all the trappings of an entebbe raid and executive rascality which is deservable of an acidic excoriation and corrosive pummeling.The impeachment gambit is however a frankeinstous yoyo with a potency for an erebus prone whirligig," -- Patrick Obahiagbon commenting on the "show of shame" at the National Assembly yesterday. |
Is dat so |
ALKARULEZ615:Certainly u guys live in caves or under water. |
Obaino is confused at the moment. Better still, dat was a promotion strategy. Good morning/night |
samurairulzz:Madness is not welcomed there. |
(CNN) -- The bidding process for the 2018 and 2022 World Cups has taken a new twist as football's world governing body FIFA lodged a criminal complaint with the Swiss judiciary Tuesday. The complaint relates to the "international transfers of assets with connections to Switzerland, which merit examination by the criminal prosecution authorities." The FIFA statement added: "The subject of the criminal complaint is the possible misconduct of individual persons in connection with the awarding of the hosting rights of the 2018 and 2022 World Cup." FIFA lodged the complaint with the Attorney General of Switzerland in Berne on the recommendation of German judge Hans-Joachim Eckert -- FIFA's independent ethics adjudicator. "I lodged the criminal complaint upon the recommendation of Judge Eckert," FIFA president Sepp Blatter said. "I cannot, however, comment on any possible criminal offenses. I am not a lawyer. "I also was not the addressee of the investigatory report, which I have never seen. However, given Judge Eckert's recommendation, it was my duty -- as the President of FIFA -- to lodge the complaint." Eckert's recommendation was based on the evidence compiled by Michael Garcia -- chairman of the investigatory chamber of the FIFA Ethics Committee -- who has been examining the awarding of the hosting rights of the 2018 and 2022 World Cups. However Blatter insisted there was no change to Eckert's statement "that the investigation into the bidding process for the 2018 and 2022 World Cups is concluded." Source: http://edition.cnn.com/2014/11/18/sport/football/fifa-criminal-complaint-world-cup/ |
13th December. Anybody else? |
T he parents of a child who has begged for the latest Lego spaceship, or merchandise from Disney’s Frozen film, probably won’t have uttered the words “delayed gratification” in their response. However, such terms could become a valuable tool in teaching children about money. Most parents excel when it comes to teaching safety and good manners, but with money few know where to start. Money skills can be a blind spot because so many feel financially inept themselves. Yet research suggests parents’ behaviour is the biggest influence. “As a society in Britain, we don’t talk about money – it’s a sort of massive taboo,” says clinical psychologist Dr Elizabeth Kilbey. “Unlike other parts of parenthood, there is no playground chatter about the topic and, as a result, parents revert to what they know – passing their habits down to children.” So how do you teach your children to be financially astute and, eventually, independent? Lesson 1 Start early Teach them well – and early – says the government-backed Money Advice Service. Its research suggests that adult money habits are set by the age of seven. But financial lessons must be age appropriate to resonate, says Kilbey: “Young children are not miniature adults. Lessons should be tailored for their age, rather than just made simpler.” Start as soon as they are able to count and make money the topic of regular family discussions. Time these around dates when they are due to receive a cash gift so that you can talk about saving versus spending. Lesson 2 Want versus need While your child will naturally ask for the latest games console, making them understand the difference between needs and wants will help them make sensible spending decisions from a very young age. One way to do this is to put it into a context that your child can understand, says Kilbey. “If they want the latest Star Wars Lego set that costs nearly £300, explain how long it would take an adult to earn that amount of money.” She suggests creating a specific example to put it into perspective. How many hours would a teacher, for instance, have to work to pay for that item? “This demonstrates delayed gratification which is an important part of learning about money.” It is OK to say no. As adults we are often told no, and children need to hear it Parents should reinforce through words and actions that it’s important not to spend more money than you have. One good way is to keep the just-for-fun purchases in check by not giving in to every request. “It is OK to say no,” says Kilbey. “As adults we are often told no, whether it is from employers or the bank, and children need to hear it.” However, experts warn against saying you can’t afford it. It’s easy to use this default response when your child begs you for the latest toy. But doing so sends the message that you’re not in control of your money, which can be scary – and create future anxieties. Kilbey suggest that a more appropriate way is to say: “We choose not to spend our money like that.” Lesson 3 Know the difference It is crucial you show your children that money can play a variety of roles in their daily living, whether it is spending today, or saving for tomorrow. Providing pocket money in lower denominations makes it easier to allocate a proportion of income to different goals. Labelled jars work to separate money – one for saving, one for spending, and one for donating. Any time they make money by doing chores or receiving birthday gifts, encourage your child to divide the cash equally among their jars. It’s not a huge act, but it does show that it’s OK to spend some, money, as long as you’re giving back to others and saving as well. Once they’re older, their bank accounts can mirror the split. Lesson 4 Learn from mistakes When kids have their own money, it is essential that they make choices and deal with the consequences of their actions. By experiencing negative consequences first hand, they will learn to make smarter financial decisions. “Let them take responsibility for small amounts,” says Kilbey. “Allow them to make mistakes. It really is the best way to learn.” Lesson 5 Make it relevant Enable children to experience using money on a practical level to experience the emotional highs and lows. “First, they must save it, then spend it, then experience the euphoria that comes from buying the item they wanted, but also what it feels like to lose some money in the process. This will reinforce the idea that it must then be saved again.” Use the weekly food shop to talk about planning, saving and finding the best value One way to teach children how to handle money is through routine tasks and household chores. Use the weekly food shop to talk about planning, saving and finding the best value. Let your children hold the list and tick off each item or, if they’re older, give them a few items from the list to find on their own at the best price.” Using actual cash is important. “It’s only once they have grasped ‘real’ money can you move on to the more difficult concept of virtual or digital money,” Kilbey explains. When your children are very young, work money concepts into their imaginary games, such as playing pretend store or restaurant. However, Kilbey suggests avoiding play money: “Parents should role play with real money and model the importance of giving it the care and attention it deserves. “Store it properly at the end of the game, as it will show that it needs to be looked after.” Lesson 6 Lead by example Parents have a great deal of influence on their children, and it is not just the positive messages that resonate. Children tend to copy what we do rather than what we say, so limit the amount of shopping trips as a leisure activity, as they might start to think that money is an unlimited resource and that spending is fun. What’s more, research suggests that a third of parents lie about money. Studies show this will only send the wrong message. They may learn that lying is a good way to cover up financial problems, or that lying about money is acceptable. If your child asks a financial question that you’re not comfortable answering, be honest and say you don’t want to talk about it. STARTING POINT If you are a parent who won’t hand over any cash until your offspring have earned it, you are in the majority. Halifax research has found that around two thirds (65%) of children aged between eight and 15 are doing some form of household chores to earn their pocket money. So when do you start paying? Dr Elizabeth Kilbey suggests a weekly amount during infant school then spaced out to fortnightly or monthly by the time they are finishing secondary school. “There has to be some sense of the real world, and pocket money is a good way to do that as it teaches short- and long- term saving and good spending habits,” she says. The average weekly amount given to children between the ages of eight and 15 is £6.35, according to Halifax. |
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