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A large chunk of the finances of Boko Haram may be passing through the Central Bank of Nigeria (CBN), an Australian with close links to the militant group has told TheCable. Dr Stephen Davis, who was in Nigeria for four months trying to negotiate with Boko Haram to release the kidnapped Chibok schoolgirls, said Boko Haram commanders told him a senior CBN official, who cannot be named by TheCable for legal reasons, was fully involved in the funding of the insurgency.
Davis, who spoke with TheCable on phone from Australia in his first interview with a Nigerian journalist, said Western countries could not trace the majority of the source of funding to Boko Haram because “it is done through a legal channel, through the gatekeeper, the CBN, and that makes it very easy to cover up”.
He said Boko Haram commanders told him a senior CBN official, who currently works in the bank’s currency operations division, was the one handling the transactions. “One of the biggest of suppliers of arms and military uniforms to the JAS (Jama’atu Ahlis Sunna Lidda’awati wal-Jihad, better known as Boko Haram) currently lives in Cairo, Egypt.
He is the recipient of money sent by political sponsors from Nigeria. The funds go through the CBN’s financial system and appear to be a legal transaction. “Meanwhile, the CBN official who handles the funding is an uncle to three of those arrested in connection with the Nyanya bombings.
The three boys lived with him. They were arrested by the SSS (Department of State Security) after the bombings but they do not seem to have been interrogated about their uncle in CBN. Or if they have given up information about their uncle then the SSS has not moved against him.”
“Also, a senior official of CBN, who recently left the bank, was very close to Sodiq Aminu Ogwuche, the mastermind of the Nyanya bombings who also schooled in Sudan. Boko haram commanders said Ogwuche’s wife used to visit this top official in his office at the headquarters of the bank in Abuja before the Nyanya bombings.
They were very close,” Davis said. The former Canon Emeritus at Coventry Cathedral, UK, said he decided to come out to speak now because the Nigerian authorities were not acting fast and he was heart-broken by the evils being done to the kidnapped Chibok girls and the many other girls and boys being kidnapped.
“I have three daughters. I just cannot stand the thought of what those girls are passing through. I have spoken to an escapee who described how she was being raped for 40 days by militants. I can’t stand it. It is heart-breaking. Nigerian authorities must act decisively now,” he said, revealing that he spent “days and weeks” with commanders of Boko Haram in the north-east during his time in Nigeria. Davis, 63, holds a PhD in political geography from the University of Melbourne, Australia.
IS THIS REALLY TRUE?
http://businessdayonline.com/2014/08/boko-haram-funded-through-cbn-says-australian-negotiator/#.VALSCF2t-o8

Shithole > Looserpool

Massive investments in rice production by large and medium-sized corporations in the country have shot up annual domestic processed rice production to over four million metric tonnes valued at N800 billion, from 2.9 million metric tonnes valued N580 billion in the last two years.
This represents 80 percent of the five million metric tonnes of processed rice consumed yearly in the country.
Large corporations that have made massive investments in local rice production in the last few years include Olam Nigeria Limited, Stallion Foods, Best Foods, among others. Investments by these firms and the corresponding high output have made the product more readily available.
“Nigerians eat our high quality local rice but do not know. We have totally changed the quality,” Akinwunmi Adesina, minister of agriculture and rural development, said recently in Kwara State.
“You may wish to know that Stallion ‘Shinkafa rice’ and ‘Stallion super’ are all locally-milled rice from Nigeria, not imported. Our expanded local rice production has added N750 billion to the economy, with over N407 billion as net incomes to farmers and rice processors, and boosted rural economy by 360,000 jobs,” he said.
Adesina said within three years, national paddy rice production rose by an extra 7 millionmetric tonnes, adding that the number of integrated modern rice mills in the country rose from just one in 2011 to 18 by 2014, all processing the local paddy into high quality finished rice.
Abdulghaniyy Alabi-Ojolowo, producer of Oryza rice, a leading rice value chain investor in Lagos, says the quantity of processed rice sold to consumers that can be obtained from paddy rice is about 50 percent to 70 percent.
So within the three-year period, the country added about 3.5 million metric tonnes of processed rice, which is about 1.16 million metric tonnes annually. This figure, added to the previous 2.9 million metric tonnes of rice produced annually in the country, shows that the country is now producing over 4 million metric tonnes of rice, which is about 80 million 50 kilogramme bags of rice valued at over N800 billion.
Apart from other factors, this increase in local rice production has been boosted mainly by health concerns of the populace, particularly middle class citizens who now usually shun imported rice.
Locally-produced and well-processed rice is generally adjudged to be healthier than imported rice, most of which have spent over 10 years in storage before being brought into the country.
High-quality and well-packaged Nigerian rice currently in the market include Quarra Rice, Umza Rice, Ebony Super Rice, Eko Rice, Mikap Rice, Ashi Rice, Queen of the Niger and Mama’s Pride from Olam.
Recently, a 210,000-metric-tonne capacity rice mill by Olam Nigeria Limited, the largest in Africa, was commissioned by President Goodluck Jonathan.
Ade Adefeko, head, corporate and government relations, Olam Nigeria Limited, says the firm is enhancing food security in Nigeria through the development of a 10,000-hectare rice farm in addition to its rice milling facility, adding that 3,000 hectares out of the firm’s 10,000 are already under cultivation.
Olam’s Integrated Mill in Nasarawa State is supported by an out-grower programme which it plans to scale up from 3,000 farmers to 20,000 farmers to supply rice for its processing mill. Up to 1,000 people are employed on the farm and over 950 are employed on the milling plant at peak season.

http://businessdayonline.com/2014/08/private-sector-investment-shoots-rice-production-to-4m-tons-annually/#.U_toPF2t-o8

Ok guys share Nigeria GDP/resources among place like Edo state and see how rich every1 will be, this countries(qatar, uae) are very small in population so their wealth can go around well... When my dad graduated in naija o in the late 60's they were given a car and an apartment..cus the number of graduates then was few now the population is too much, this countries are small like Edo, sometimes with population of 5m... Just share our resources among 5m people(na die be dat) but am not saying there's no corruption in naija o..

speedyboi: What's this about exactly? Durban film festival.... What's that? Nollywood films screen in much bigger festivals, who cares what South Africans think? They've always been anti-Nigeria, so to hell.

And we Nigerians; in our eyes (in all aspects of life), every kid is the best in the world, except ours. Who've bothered to know what's going on in SA film industry right now? Or what South Africans actually think about their films?

Talk of consistency, why didn't they keep winning oscars after Totsi? Talk about the Oscar sef, They won Oscar once and so effing what?!!! That's 10 years ago, get over it already! Look around, nothing really changed after Totsi.

Not one single Bollywood film has ever won an Oscar, yet Indians are not killing themselves over it. They are not using Oscar to measure their success, infact they don't care about it! Yet, everyone around the world will pick bollywood then take many many steps before even thinking of recognizing our almighty Oscar winning SA industry.

Bottomline is; i don't envy SA cinema! I don't wish Nollywood to be in its shoes. I don't want Nollywood to start making propanga-ridden western stereotypical films, just to attract western audience. That's what SA is doing and most South Africans bash their filmmakers for that and more. Most even use Nigeria as an example for their filmmakers. I don't want an industry without self esteem. I don't care if we keep producing crap, as long as we don't loose ourselves or start making some "shitty Tarzan-like" films. I'm comfortable with Nollywood depicting the typical Nigerian world and i even want them to up that "hip" style, a big NO to some "pity party" films! No way!

I'm sure the day Bollywood will start getting Oscar is when they start making "slum dog nonsense" kinda films where they'll depict some indians struggling to make it. That's the Oscar spirit; if it ain't hollywood, then don't depict a civilized citylife of your country, else no Oscar for you. What they want are films with strong "messages". You know what the message is .

you know wetin?? I love YOU!!

You are the greatest Nigerian female athlete

MOBJECTIVE: i'll stick with plain old wikipedia for now thank you. plus if you noticed, i specifically referred to ppp (purchasing power parity)

Ghana - http://en.m.wikipedia.org/wiki/Ghana

Nigeria -
http://en.m.wikipedia.org/wiki/Nigeria

Nigeria is more than Ghana weather GDP(PPP) or GDP(norminal) they only got a medium HDI dats all... They should be richer cus of their small population but they not... How do u like that now sir

MOBJECTIVE: I'm grateful for your offer, but please don't stress yourself on my behalf. Ghana's gdp/capita is about $4000 (ppp) and their HDI (human development index) is rated medium. they constantly top waec tables and their economy is growing above 7 percent.these are very good stats for a developing nation. definitely not one of a failed economy.

plus....there is light

no sir Ghana's GDP/capital is down from about $1000+ to $600
http://www.ghanaweb.com/GhanaHomePage/business/artikel.php?ID=319587&comment=0#com
please talk with facts next time

MOBJECTIVE: I think this is the last thing i'll point out, but last time checked, hadn't lagos borrowed up to 500billion naira? yet, in Accra- light, Lagos-no light (at least, not yet)

but i dey play Fifa 14 now with Nepa light

MOBJECTIVE: so the european countries who are now recovering after bail outs are failed economies.

which top world economies have you seen seeking a bailout from the IMF china? Usa? Japan? Or u want to call greece, Argentina a top economy? I can show you facts to show Ghana's economy is a failed one

MOBJECTIVE: no matter how many pictures you show of Abuja, Lagos or Calabar, it woun't change the fact that Ghana is in a much better situation than Nigeria, even with their current currency crisis.

How?? They already opt for an IMF bailout (FAILED ECONOMY)

How?? They already opt for an IMF bailout (FAILED ECONOMY)

thafuck?! you really spend alot of time talking to yourself... Laters dude

deeobserver209: Nigeria would have finished higher had we participated fully in swimming. The question is don't we have white citizens in Nigeria? where are they? We can use them to represent us in swimming competitions. Its high time we give them that opportunity.

so only whites can swim??

Atleast ghana came 33rd with 2 medals (common 2 bronze) lol... Sum ghanaians will now say "if it rains you wil find gold in drainages in ghana) but south Africa got gold in their country too and they performed well at the CWG hehe

Ghana is dying your economy is dead dead
Boy, 14, commits suicide at Juaso Crime
http://www.ghanaweb.com/GhanaHomePage/crime/artikel.php?ID=319388
Ghana is in crisis, says Dr. Bawumia General
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=319329
World’s worst currency drops as Ghana pulls back from IMF aid
http://www.ghanaweb.com/GhanaHomePage/business/artikel.php?ID=319251&comment=0#com
Ghana’s cedi is world’s weakest currency
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=319126
One newborn child dies in Ghana every 15 minutes - UNICEF
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=319287
your inflation rate is high
your currency is dead companies are closing down and yet you talking bullshit
fix your stupid country before you talk about Nigeria, only lagos GDP is like ghanas. And an American man died of ebola in Ghana before that liberian died in Naija but we didnt ban anytin wen the american died in ghana mtchew, your currency dead, budget deficit very high, inflation alarming, no light no water... The population of ghana is just 25million...u are 2nd highest exporters of cocoa in africa and 2nd highest exporters of gold as well...U have crude-oil, gold, diamond, raw salk and some other resources...with all this, u shuld be the number 1 in africa-economically....yea, in naija there is serious curruptions, we dnt hide it, but you guys are so hypocritic that u claim everytin is wel and i hate it you always say everytins ok when people a protesting everyday to flagstaff house,whereas if we wanna go by statistics,u shuld be miles away 4m ya present position..oga naija is 200million, proportionally, u got more resources than us..

GAYNAYIANS

hahaha hunger will kill all of you
Producer price inflation reaches 33.1 percent
http://www.ghanaweb.com/GhanaHomePage/business/artikel.php?ID=318508

confused people
Near blows at Flagstaff House…
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=318476&comment=0#com

Pupils Sit on Piled-Up Cement Blocks to Learn in 21st Century Ghana
http://www.ghanacelebrities.com/2014/07/24/pupils-sit-piled-cement-blocks-learn-21st-century-ghana/

you want more idiot?

Living conditions of Ghanaians deteriorating – Christian Council tells Gov’t
http://www.citifmonline.com/2014/07/29/living-conditions-of-ghanaians-deteriorating-christian-council-tells-govt/

your currency is the worst in Africa people can't even buy water with it lol
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=290934

And for your info 90% of Nigerians are not poor...

Only a Third of Nigerians are Poor - World Bank

http://www.thisdaylive.com/articles/only-a-third-of-nigerians-are-poor-says-world-bank/184323/

Nigeria’s Poverty Level Drops By 2.1 Percent - World Bank
http://www.nigerianobservernews.com/24072014/news/news12.html#.U9gTI12t-o8

SantaMafia: my dog has more sense than this mor0nic ape!

Tweaaaaaaaaaaaaaaa Suck my dick, stvpid,evil nigerian with inferiority complex! empty barrels make the most noise
Fuelish goat! do you even have a bank account? Only 26 million shitnigerians have bank accounts in shitnigeria and this g0at is definitely not one of those with bank account.

Fuckeduppedness so every shitnigerian is stupendously rich, huh?
And yet 90% of those modafakas survive on less than $2 a day, according to the World Bank? I bet you are of those mor0nic suffering and smiling eediots roaming about committing all manner of crimes in your dustbin country, huh?

poverty tinz http://www.punchng.com/business/business-economy/112-5-million-nigerians-live-in-poverty-nbs/

See grown up men fighting over common Fanta in your cursed countryhttps://www.nairaland.com/1155559/lagosians-scramble-fasholas-fanta-gov https://www.nairaland.com/1613179/man-ties-7-children-wheel-barrow
https://www.nairaland.com/1683272/pix-national-disgrace-confab-delegates

a nation of ediots ruled by foools http://saharareporters.com/article/about-nation-idiots-ruled-fools

www.nairaland.com/attachments/940854_Scramble_2_JPG5b7de994380b372aa9191c7decc82233

hahaha hunger will kill all of you
Producer price inflation reaches 33.1 percent
http://www.ghanaweb.com/GhanaHomePage/business/artikel.php?ID=318508

confused people
Near blows at Flagstaff House…
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=318476&comment=0#com

Pupils Sit on Piled-Up Cement Blocks to Learn in 21st Century Ghana
http://www.ghanacelebrities.com/2014/07/24/pupils-sit-piled-cement-blocks-learn-21st-century-ghana/

you want more idiot?

Living conditions of Ghanaians deteriorating – Christian Council tells Gov’t
http://www.citifmonline.com/2014/07/29/living-conditions-of-ghanaians-deteriorating-christian-council-tells-govt/

your currency is the worst in Africa people can't even buy water with it lol
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=290934

And for your info 90% of Nigerians are not poor...

Only a Third of Nigerians are Poor - World Bank

http://www.thisdaylive.com/articles/only-a-third-of-nigerians-are-poor-says-world-bank/184323/

Nigeria’s Poverty Level Drops By 2.1 Percent - World Bank
http://www.nigerianobservernews.com/24072014/news/news12.html#.U9gTI12t-o8

Religion is about how the followers are not by what is written on paper, your (islam) followers are: taliban, al shabab, boko haram, ISIS, hazenbohla (all those do not look christian to me)

People with Hate-coated DNA will still hate

Why not just divide the country??