Pendy79's Posts
Nairaland Forum › Pendy79's Profile › Pendy79's Posts
1 2 3 4 5 6 7 8 ... 32 33 34 35 36 37 38 39 40 (of 64 pages)
Caseless:Not just prison bro but made to account for every stolen, misappropriated and diverted funds taken from our commonwealth. GEJ and his gang need to repay all monies fretted away from our treasury after which they can go anywhere they want to. |
Straight from the heart by dele as always. Only delusional and robotic no hopers will still be dreaming of a JonaTAN returning in 2015 as president. Dele is telling JonaTAN to take his defeat in good faith when it happen in 2015 and not waste the blood of nigerians stupidly to perpetuate himself in power illegally or use his creek boys to cause havoc in the land. Nigerians Ask for Buhari (NAB) we want to NAB corruption and impunity. |
Caseless:You're so on point and the reality is dawning on Nigerians on the evil this cabal has caused the Nation. |
I think GEJ should stop looking at others for his failure as a president. Which external or internal saboteurs prevented him from auditing how the 3trillion Naira defence budget was spent? Which saboteurs prevented him from rallying support for his troops by visiting them in the states and showing support and solidarity with the soldiers. All responsible presidents in the world go to.the war front to listen to their soldiers and show empathy and compassion for the course the do. When your prez says on national.TV " I can't go.there, they will just kill you" then you should look no further for saboteurs than him |
PassingShot:The PDP has ruined Nigeria and it's economy. |
FreeGlobe:Don't know where you heard the story of betrayal. Ribadu stepped down hoping there would be a working agreement with the then CPC as negotiations were on as far back as that time but Buhari's insistence on not dropping Pastor Tunde Bakare made the deal not work out and INEC's refusal to drop Ribadu from race due to closeness to the election. Ribadu himself said this much so I don't know where the betrayal story came from. ACN tactically withdrew from the race and decided not to monitor or put forward agents to the polling booths to checkmate whatever the PDP did. There was much goodwill and pity for JonaTAN in 2011 based on the events before and after the death of Yar Adua which made him popular in the SW hence Tinubu and the APC gave him leeway since Rimbaud pulled out of the race |
There seems so much crisis engulfing the PDP in Akwa Ibom state right now. 10members of the House of assembly have since joined Umana Umana in the APC, Robinson Uwak too has joined up with the progressives, chief Helen Esuene is equally mAking consultation and will announce her defection soon. The PDP is so going down. |
ItsMeAboki:Nigerians need to strive to reclaim our.country from these thieves in government cloak. |
Caseless:She has done more harm than good to the Nigerian Economy with her blindness and cover-up to the clear stealing going down during her watch. A good sound and reasonable finance minister will see sense in the noise Sanusi was making early this year and act in the national interest but no our own finance minister supported the cabal and the economic thieves. I'm sure all Nigerians know why Nigeria is in deep financial crisis. |
By their idiocy and ignorance you shall know them. Buhari won Osun state in your dreams I guess. They lack tact, are ignorant and braindead. Ribadu won Osun state and not Buhari. |
All these will be added to the Nigerian Naval fleet by June 2015. Let them arm and rearm God will not allow Nigeria go through another civil war. If they feel because we have a corrupt and useless leadership, the Army will continue to be this tactless and directionless in the face of insurgency then they are on a long thing. Thank God for GMB. Why is this topic not deserving of the front page since yesterday? Seun ishilove obinoscopy maclatunji Nigerians need to know those stoking the embers of war. |
9jaIhail:Buhari said "Abacha was never convicted of looting" and he is so right. Compare that to a sitting president who for political patronage WITHDREW ALL CHARGES AGAINST SAME ABACHA'S SON. Buhari prevented Mohammed from flying the CPC ticket in Kano in 2011 for same reason. So who do you think is celebrating corruption amongst the two? Buhari has no prosecuting powers, JonaTAN does but he is using it to hide and shield corrupt people. |
PDP scattering and imploding since the formation of the APC in 2013, I now see why they were doing all they could to stop the merger with the likes of Ikimi and Alimodu Sheriff. Doyin Okuigbe believed so much in their mole withing the APC that he said the party will dissolve before April.of 2014, now the implosion he dreamt of is now happening only that the reverse is the case. The curse surely went back to sender. From Lagos to kwara to Anambra to enugu to akwaibom to crossovers to rivers to nasarawa to kebbi to ebonyi to rivers to oyo to ogun to Abia to sokoto to Adamawa to Taraba and others, it is one crisis over the gubernatorial primaries held by the PDP. Cant they learn from the APC and the peaceful primaries it held all over the country. Make PDP no add political gangsterism to its boko boys ravaging the country mbok. This party of murderers shall want to destroy Nigeria. |
holatin:It is a stinking and rotten air. |
Dannyset:I'm sure it can't . The PDP and corruption are Siamese. |
The calamity befalling the PDP seems ordained from.the High Heavens because it seems the centre is no longer holding. Sorrow, tears and blood seems to have taken permanent residency in Wadata House. God have finally heeded the tears of nigerians for confusion and shame in the household of PDP. This is just the beginning more to come by February 2015 |
When is the outing ceremony? I think cremation.would have been the best way of putting the remains away. |
saintneo:Step up? After 5years of not doing so? A Yoruba proverb says " if you use a year to prepare for madness then how long will the real madness take" GEJ ain't stepping anywhere else than Otuoke next year. |
By the time the substantive suit will be heard, Tambuwal would have finished his second term as sokoto state governor. PDP learning politics since 2013 from APC. |
Looking for a daft, stupid, brainless, nonsensical, clueless and moronic human being then success is here for you. Look no further than the nearest PDP supporter beside you. voting started late, some who can't wait went home, some couldn't make the trip to lagos, some couldn't go through the rigour of security check and the inconveniences and stayed clear and our OP is looking for invisble ballot that were not cast. I'm sure all the 70million eligible voters will.vote next year. |
deskossy:All hands need be on deck to remove the present cabal of thieves and rogues that are holding the entire populace in bondage. |
when your Nations economy is been compared and is even doing worst than Zimbabwe, then you ought to do more than pray and hope for positives in a government that seems to lack the idea or technical adequacy of stemming the flow of bad economic indexes prevailing the Nation. We had 5 solid years of good Oil sales but it was fretted away on wastefulness and outright stealing. Our President was busy buying Presidential Jets and Helicopters, Building Palatial Guest houses for himself and his deputy, eating a billion naira food in the Villa and travelling with the largest entourage to all United Nations and African Union events. Pity when the reality of the useless and unplanning ways of doing things finally turn up in our faces, Ordinary Nigerians are the ones made to pay for the mismanagement of the Ruling Party. Who would still prefer we retain GEJ in Aso Rock? Can't believe some people still see sense in this government. Sai Buhari 2015 |
Nigeria’s Islamist insurgency, tumbling oil revenue and a looming presidential election have turned the nation’s stocks into Africa’s biggest laggards (Sluggish economy). The country’s main equity index lost 25 percent this quarter after tumbling to a 22-month low, the continent’s largest retreat. The Nigerian measure dropped to 8.1 times estimated earnings Dec. 11, falling below Zimbabwe [/b]for the first time since Bloomberg started tracking the southern African nation in 2010. Tension in Africa’s largest economy is escalating before polls in February pitting southern Christian President Goodluck Jonathan against former military ruler Muhammadu Buhari, a northern Muslim, with attacks by the Islamist militant group Boko Haram killing at least 450 people in November.[b] Crude’s plunge below $65 a barrel has deepened the rout as Nigeria needs a price of $126 to balance its budget, more than any other major developing-nation producer bar Venezuela and Bahrain, according to Deutsche Bank AG. “The government situation is somewhat chaotic,” Mark Mobius, who oversees about $40 billion as the executive chairman of Templeton Emerging Markets Group, said by phone from Bangkok on Dec. 9. “You’re going to get a lot of hesitation on the part of investors” until after the polls, he said. The Nigerian Stock Exchange All Share Index (NGSEINDX) decreased 1 percent to 30,763.38 in Lagos, the lowest level since January 2013. The gauge, which has dropped almost 30 percent from this year’s high in July, fell 7.4 percent this week, the worst five-day decline since the week through Nov. 7. Its fall is the fourth-biggest among 93 stock gauges tracked by Bloomberg worldwide this quarter through Dec. 11. Dangote Tumbles The last time Nigeria held general elections in 2011, stocks declined 1 percent in the six months before the April poll and ended the year 16 percent down. Jonathan’s victory triggered riots across the north that killed more than 800 people and led to the burning of churches, mosques and homes and was challenged by the runner-up. Investors are more concerned this year as increased attacks by Boko Haram “make these elections particularly fraught,” Nnamdi Obasi, a senior analyst for West Africa at Brussels-based International Crisis Group, a conflict resolution organization, said in a report last month. Consumer and energy shares have been among the biggest drags on the benchmark index. Dangote Cement Plc, controlled by the continent’s richest man, Aliko Dangote, has dropped 27 percent this year. The stock makes up about a quarter of the gauge’s $58 billion market capitalization. FBN Holdings Plc, owner of the country’s biggest lender, fell 47 percent amid higher capital requirements. Extreme Selloff The estimated price-to-earnings ratio for Nigeria is the lowest of nine of the largest markets in sub-Saharan Africa and compares with 8.14 times for the main measure of the stock exchange in Zimbabwe, where a decade-long recession that began in 2000 reduced the size of the economy by half. Kenya’s Nairobi All Share Index is valued at 11.4, while Russia’s Micex Index is at 4.6 times estimated earnings as the economy teeters on recession amid international sanctions against the world’s biggest energy exporter. Brazil’s Ibovespa Index is valued at 10.3, while the MSCI Frontier Markets Index measures 9.1. The selloff in some consumer stocks and banks has been extreme even after accounting for a more difficult business environment amid lower oil prices, Joseph Rohm, who helps manage about $2 billion in Africa for Investec Asset Management, said by phone from Cape Town Dec. 10. “It’s a better environment now for stock-pickers with a long-term horizon.” Nigerian securities will rebound in 2015 if the political environment improves, Mobius said. The $1.8 billion Templeton Frontier Markets Fund (TFMAX) hasn’t reduced its exposure to Nigeria during the recent downturn, he said. Not Buying The latest data from Nigeria’s stock exchange show foreign investors have been net sellers of the nation’s shares and bonds on the whole. They pulled $273 million from the country in October, the most since February when central bank Governor Lamido Sanusi was suspended. [/b]Oliver Bell, a money manager at T. Rowe Price Group Inc. in London, said last month that the firm’s Africa and Middle East fund has cut holdings of Nigerian shares to the lowest level since the fund’s inception in 2007, even as he predicts the country’s long-term investment case will stay intact. [b]“We’re not seeing this as a buying opportunity at all,” David Wickham, director of frontier and emerging-market equity at HSBC Global Asset Management, which has $850 million in frontier market shares, said by phone from London Dec. 10. “It’s a pretty challenging period. Most investors, unless they’re extremely contrarian, will sit back and wait.” (Guess they are waiting for the exit of GEJ) Slower Growth Jonathan is weakened by the clear lack of thought and ways of ending Boko Haram’s Islamist attacks along with his administration’s failure to curtail corruption and by senior party member defections to the opposition, Sebastian Spio-Garbrah, managing director at New York-based consultancy DaMina Advisors LLP, said last month. Nigeria’s economy, which relies on oil for more than 90 percent of exports and 70 percent of government revenue, is getting buffeted by Brent crude’s more than 40 percent plunge since June to the lowest level in more than five years. The finance ministry, which had projected 6.35 percent economic growth in 2015, may reduce that forecast by about one percentage point next week, spokesman Paul Nwabuikwu said by phone Dec. 10 from the capital, Abuja. The central bank raised interest rates to a record 13 percent last month in a bid to stem capital outflows and defend the local currency, which dropped to a record low against the dollar on Dec. 2 and is heading for its biggest annual decline since 2008. The naira rose 0.7 percent to 180.15 per dollar, paring losses this quarter to 9.1 percent. “In the next 30 years, it’s a fantastic place to be,” said HSBC’s Wickham. “Right now, it’s a different story.” http://www.bloomberg.com/news/2014-12-12/nigeria-sinks-below-zimbabwe-stock-valuations-on-oil-rout.html |
The month after the US froze some looted funds belonging to the Abacha's for money laundering our Corruption is not Stealing president directed for political exigency direct the EFCC to withdraw all money laundering charges against Mohammed Abacha, Who was in court for holding about N4bn of the Nation's commonwealth. Trust me the US won't be returning the $458m in a long time from now knowing how unserious and corruption loving the Leadership we presently have in Nigeria. Okonjo-Iweala"s Foreign forensic Auditing of the NNPC has taken 8 months running into 9 Months now and Nigerians are not wiser about the sleaze of corruption going on in the NNPC nor are have we heard from the GELE loving minister the money trail of the $10.8bn she agreed was not accounted for. There is still no answer to the Kerosene Subsidy fraud but we have had Ifeanyi Uba handed over his Capital Oil after been indicted for the same fraud of Invisible subsidy fuel claims and huge debts to Local Banks. The list is endless and one begin to question the commonsense of any Nigerian who still wish we continue to have jonaTAN and his gang in Aso Rock. Only God will deliver Nigeria from Nigerians. Thank God for Buhari and APC |
Is Nigeria serious about tackling corruption? By Will Ross Nigerian President Goodluck Jonathan wants the world to believe he and his government are serious about ending corruption. But two recent events have sent out the opposite message. As President Jonathan handed out awards to celebrate Nigeria's centenary, there was a collective leap of eyebrows when people learnt that former President Sani Abacha was on the list. Many wondered why a military dictator who had plundered the nation was being celebrated? As if people needed reminding, during that same week the United States announced that it was freezing $458m (£275m) that had been stashed away in foreign bank accounts - part of at least $3bn that Abacha is believed to have looted during the 1990s. “It would be very easy for me to sit at the World Bank and earn a nice salary and criticize" A presidential spokesman tried to calm things down by stating that the centenary award was "not a test of sainthood" but was for Abacha's "contribution to keeping the country together". The renowned Nigerian writer Wole Soyinka was so incensed he rejected his own award, describing the former president as "a murderer and thief of no redeeming quality" and "a man who placed this nation under siege during an unrelenting reign of terror". Corruption on another level Nigeria's Finance Minister Ngozi Okonjo-Iweala talks to Will Ross about the controversy surrounding missing oil revenues The second event came after outspoken Central Bank governor Lamido Sanusi had accused the state oil company, Nigerian National Petroleum Company (NNPC), of failing to account for $20bn in oil revenues. Some critics accused Mr Sanusi of playing politics but when he was then accused himself of financial recklessness and was suspended, it was widely seen as a move to silence a whistleblower who was causing the government embarrassment. As one Nigerian told me: "Excuse the crudeness but Mr Sanusi had become a mosquito on the president's testicles" - the dilemma being whether to ignore or to smash. Lamido Sanusi, the former head of Nigeria's Central Bank Lamido Sanusi accused Nigeria's national oil company of failing to explain missing funds It was by no means the first time that corruption in the NNPC was being highlighted. But this is on another level. The allegation is that more than $1bn was disappearing every month over a 19-month period. Mr Sanusi said he was speaking out because of the potential impact on the entire economy. "Oil prices are over $110 [per barrel] and we have a relatively healthy current account surplus yet we are facing exchange rate pressures, which is the last thing we should face at this point in time," Mr Sanusi told the BBC on one of his last days in his Central Bank office. He said he hoped a parliamentary investigation would also find out why the country's Excess Crude Account had fallen from $11.5bn to under $2.5bn in a year - arguing that Nigeria's savings are a vital buffer against any drop in the global oil price and without this "rainy day" account, the economy is vulnerable and exposed. The kerosene scandal Part of the Central Bank report focuses on kerosene - the fuel Nigeria's low earners use to cook. A poster in Lagos attacking the government over the kerosene scandal A poster in Lagos attacking the government over the kerosene scandal You only have to ask one question to discover that millions of people are being ripped off: "How much do you pay for your kerosene?" "Sometimes 140 naira a litre or 160 naira ($0.85 to $0.97)," Alimatu tells me as she tops up her small stove in a cramped alleyway that serves as her kitchen in the lively Lagos suburb of Obalende. Preparing a fiery fish pepper soup, Alimatu adds that it is a major part of her expenditure. "If all the children are at home, I finish this five-litre can in just three days." She is unaware that due to a government subsidy on kerosene it is supposed to be available for around 40 naira a litre. The state oil company has been billing the treasury to recoup the money it spends subsidising the price of kerosene. But why are Nigerians not getting it at the cheaper price? The Central Bank report suggests that, by not passing on the benefit to the consumers, a consortium has been collecting $100m a month in a scam. At the parliamentary hearing, Oil Minister Diezani Alison Madueke and state oil company officials denied allegations of malpractice and said all the "missing" money would be accounted for. But when Finance Minister Ngozi Okonjo-Iweala stated that the kerosene subsidy was not provided for in the country's budget, the alarm bells went up a few decibels. In a BBC interview I asked Mrs Okonjo-Iweala how it could be that as much $100m a month in the kerosene subsidy had not been budgeted for. Nigeria's finance minister, Ngozi Okonjo-Iweala Finance Minister Ngozi Okonjo-Iweala says "nobody but us Nigerians" can stop the corruption "It wasn't budgeted for and that's all I have to tell you. The subsidy was deducted at source by the NNPC. We didn't budget for it," she said, stating that a forensic audit was needed. "Let us look at the amounts and the reasons being advanced for how much is missing. Audit that process. Audit what the NNPC is saying it used the money for and establish legitimately what is the shortfall." 'I know why I'm here' Nigeria's finance minister has a formidable international reputation, having worked as a managing director at the World Bank. But analysts say she is now in a dilemma. "The finance minister is a reformer at heart but she is in direct conflict with very deep vested interests," says financial analyst Bismarck Rewane. "She has to confront those vested interests or else her credibility as a reformer goes." “I wouldn't like to be the party that promises oil sector reforms and doesn't deliver” But Mrs Okonjo-Iweala said there is no dilemma. "I don't think my reputation is under threat and to imply otherwise is distinctly wrong. I know what I'm doing. I know why I'm here," she told me. "It would be very easy for me to sit at the World Bank and earn a nice salary and criticise. I gave up a comfortable career to come here and do my bit because I recognise that nobody but us Nigerians can clean it up." "We need to be here fighting it ourselves, so that is what we are doing and we have a track record," the finance minister said. She added that the pension system had been reformed following fraud there and a biometric system was being put in place to clean up the civil service and eliminate fraud via ghost workers. This latest oil corruption scandal has led to some Nigerians saying enough is enough. Social media has been abuzz with cries of: "Where is our 20 billion?" A few dozen men and women have been arranging to meet to strategise on how they can help push for answers and accountability. "OK, so I'm buying kerosene for 130 naira and [in reality] there is no subsidy - it's cool with me," says social commentator Babatunde Rosanwo. "But the fact that you get to find out that someone is actually taking money on your behalf for what you are not benefitting from - it is just like somebody collecting social benefits in the name of the citizens. "It's a foolery that somebody sits somewhere and is taking a chunk of the treasury in our names. That is the message the citizens need to get this time around." A glimmer of hope? Past reports of gross plunder in the oil sector have been buried with little action taken, leaving many Nigerians with the belief that those implicated are too powerful to touch. So why would it be different this time around? Lagos-based banker Akintunde Oyebode notes that the governing People's Democratic Party no longer dominates Nigeria politics and faces a credible challenger in next year's elections, while voters are becoming "more sophisticated". "I wouldn't like to be the party that promises oil sector reforms and doesn't deliver because in four years that party will be out of government." It is a glimmer of hope that the thieves' days may be numbered http://www.bbc.com/news/world-africa-26535530 |
Obasanjo for good or bad will always be referenced in the annals of Nigeria's History. He has seen it all. ( The Good, The Bad and the Ugly) The history of Nigeria can never be written without a detailed mention of the role Obasanjo played in moulding the Nation. He is trying to make amend and is seriously behind the push to remove the present lackadaisical and inept leadership presenting running the affairs of our Nation. Nigeria will be great again. |
Chief Olusegun Obasanjo is a walking history book. The stories of his life are similar to chapters in an eyewitness account of his country's formation. Born into humble circumstances during British colonial rule in Nigeria, he ascended as a military officer and played a key role in ending the Nigerian civil war. Obasanjo became head of Nigeria's military government in the 1970s, and voluntarily passed the reins onto a civilian counterpart three years later. After resuming farm work and then later being thrown into prison by the dictatorial Abacha regime, he returned to leadership in 1999, winning two consecutive presidential elections. Today, much of his service as a statesman is centered on Africa's development. The bulk of our conversation in his New York hotel room focused on the current state of Nigeria. I, along with a colleague and my professor, who was a minister in Obasanjo's government, interviewed him as part of our research project. What follows delves into the substance of our hour-long discussion but does not dig too deeply into his political calculus, what he did well or could have done better during his time in power. 1. Youth are the X factor It has been 100 years since the British Empire amalgamated the protectorates that became Nigeria -- though colonial independence would not arrive until 1960. Whether the next century is a prosperous one hinges largely on decisions made today, both by and for the nation's youth. About 40 percent of Nigerians are under the age of 15, according to the CIA World Factbook. As Obasanjo said, this potential youth advantage will either be the catalyst that propels Nigeria to unprecedented growth, or it will morph into a "keg of gunpowder" that further destabilizes the country. Whether it is Boko Haram's conscription of teenagers or the high rate of youth unemployment, failure to recognize and address challenges faced by young adults all but ensures a bleak outcome for the nation as a whole. 2. Nigeria needs better leadership Nigeria is rich. Really rich. In fact, it has the largest economy in Africa and one of the biggest petroleum industries in the world. Sadly, corruption and resource mismanagement have largely negated the country's ability to apply its funds toward constructing a more even-handed society. The money has not trickled down the pyramid because it is stuck in the top tier. The first step in resolving economic inequalities is differentiating between corrupt government leaders who perpetuate the status quo, and officials who are inefficient due to their lack of experience, Obasanjo said. He believes that aggressively prosecuting the former and better training the latter will result in better governance. 3. There is no secret formula Singapore is known for many things, including its stringent laws and the broad reach of its government. At the same time, the country is an economic marvel. While discussing Singapore's financial prospects, Obasanjo related this story. Years ago, he took 40 young African leaders to the highly prosperous city-state. The key question on their mind: what was Singapore's secret formula for success? Obasanjo recalled: "Lee Kuan Yew [the former prime minister] said, 'There's no magic. We did a few things right, and we continued to do them right.'" On the way home, Obasanjo gathered the young leaders and told them that before any of them stepped off the airplane, they needed to pinpoint a few things they could do well. Once you know what those things are, he said, it is a matter of zeroing in on them to perfect your craft, and becoming as valuable as you can to your community. 4. Metrics. Metrics. Metrics. Data aggregation and assessment must play a critical role in forming government policies. To drive this point home, Obasanjo mentioned two initiatives he was a part of that relied heavily on numerical analysis: one in agriculture, the other in measuring the perceived corruption of a country. "Anything you want to measure, you can measure," he said. "If you cannot assess your progress, then (your efforts are) of no avail." 5. Presidents are human During periods of his childhood, Obasanjo could not even afford shoes, and I found him to be well aware of his humble beginnings. I felt that his personal story lent credibility to the primary point he was driving at during our hour-long meeting: as improbable as it may seem, things can in fact improve dramatically in Nigeria. In his opinion, any child -- even one too poor to purchase a pair of sneakers -- can become a major catalyst in improving his or her country. And when framed that way, Nigeria's capacity to capitalize on its potential seems a lot more promising. http://www.huffingtonpost.com/amer-taleb/olusegun-obasanjo-interview_b_6295820.html |
rozayx5:Pity I've gone through all states governed by APC and I couldn't find one that is held and bedevilled by bad governance like experienced in Abia, Kogi, Benue, Ebonyi, Kaduna, Plateau states. Except you know what I didn't know? |
rozayx5:You mean the swimming pool whenever rain falls in uyo along IBB is good road. Road construction without provision for erosion control, gutters and even pedestrian passage. Sing me a new song, so only uyo makes up Akwa Ibom state? What about oron, okobo, udung uko, ekit eket, ibeno, nsit ubium, mbo, ibaka, eket, ibiono. continue living in denial, |
rozayx5:Let's compare in terms of resources available to some set of governors in both parties. Fashola with Akpabio. Amaechi with Dickson/Uduaghan. kwankwaso with Ramalan yero. amosun with Mimiko Oshiomole with Idris Wada The difference between the 2 parties is like darkness and light. |
ISpiksDaTroof:Have u seen what I wrote coming to bear now. Never doubt what I write bro. I know the drill and the intrigue. |
1 2 3 4 5 6 7 8 ... 32 33 34 35 36 37 38 39 40 (of 64 pages)
