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 Politics › Re: Nigeria Road Shame Makes Yahoo Homepage. by pendy79(op): 9:08am On Nov 07, 2014 |
anonimi:Moronic and foolish idiots like celebrate and applaud cluelessness and ineffective governance. Show me a state road within the purview of any state governor that is worst than the apapa oshodi federal highway, ikorodu-sagamu fed. Highway, umuahia-ikotekpene, kwara-niger federal highway, aba-ikotekpene, uyo-calabar, onitsha -enugu, umuahia-enugu, owerri-portharcourt. You rush online to defend cluelessness and inept governance simply because you have never experienced a functional and people oriented governance. Your physche has been so bastardized by the calibre of governors you produced in the south east that you all clannishly expect the other regions to accept too. Sorry other reasonable Nigerians don't reason like your lots. |
| Politics › Re: Falling Oil Prices!!! Naira Faces Devaluation Soon. by pendy79(op): 8:54am On Nov 07, 2014 |
The naira is already sliding and losing value. It is austerity time again all thanks to the best president in Nigerian history. |
| Politics › Re: Falling Oil Prices!!! Naira Faces Devaluation Soon. by pendy79(op): 8:52am On Nov 07, 2014 |
With the price of crude oil heading south and the country’s foreign reserves under pressure, the Central Bank of Nigeria (CBN) yesterday banned the sale of dollars at its Retail Dutch Auction System (RDAS) to importers of telecoms equipment, power generators and finished products. Others affected by the ban include importers of electronics, finished products, invisible transactions business and information technology. However, they can source their foreign exchange requirements from the interbank market and dealers. Owing to the directive, the naira hit a new intra-day low in almost five years to N170.05 against the dollar yesterday, falling 1.87 per cent as the stock market continued to slide, Reuters reported. In a circular titled, Exclusion of Some Transactions from the RDAS Window, posted on its website yesterday, the CBN said: “This is to inform all authorised dealers and the general public that in order to maintain the existing stability in the foreign exchange market and to further strengthen the various measures already initiated by the Central Bank of Nigeria, the importation of the following items shall henceforth be funded from the interbank foreign exchange market only: electronics, finished products, information technology, generators, telecommunications equipment, invisible transactions.” In another circular, the central bank also said it had observed that banks and discount houses now have a preference for keeping their idle balances in its Standing Deposit Facility (SDF), thereby constraining the process of financial intermediation. In order to encourage banks to increase lending to the productive sector of the economy, the regulator therefore announced a review on the guidelines for the operations of the SDF. Specifically, it stated that “the remunerable daily placements by banks and discount houses at the SDF shall not exceed N7.5 billion. This shall be remunerated at the SDF rate of 10 per cent per annum. “Any deposit by a bank and discount house in excess of N7.5 billion shall not be remunerated. These provisions are without prejudice to the subsisting Monetary Policy Rate (MPR) corridor. “For the avoidance of doubt, the SDF remains as a monetary policy tool.” According to the banking sector regulator, the MPR corridor remains +/- 200 basis points, that is 10 per cent per annum up to the limit of N7.5 billion. Reacting to the CBN’s directive on the diversion of demand from CBN’s official foreign exchange window to the interbank market, a market analyst, who preferred not to be named, said: “The objective of this policy decision is to reduce pressure on foreign exchange reserves. “In October, the CBN used 10 per cent of its foreign exchange reserves to intervene in the foreign exchange market. The last time the CBN used such a large share of foreign exchange reserves, in a month, to intervene was in the second half of 2011 and the central bank devalued the NGN by 5 per cent in November 2011.” He said the policy decision confirmed that the CBN could not afford to keep intervening in the foreign exchange market to defend the official target exchange rate of NGN150 +/-3%, at the rate it has been doing in recent weeks, especially in a depressed oil price environment. “In enacting this policy, the CBN must have expected the interbank exchange rate to weaken. Which makes me wonder if this policy decision is a tacit devaluation” he said. On the second directive by the central bank, which capped banks’ deposits that earn interest, he termed the move negative for the naira. “I think this is negative for the naira, because it will result in banks diverting funds to treasury bills, which will put further downward pressure on yields and make them less attractive to foreign investors.” The market analyst said the fact that both policy decisions were naira-negative, was evident from the depreciation of the naira to its weakest level, NGN171.82/$1, where after it retraced to about NGN170/$1. “I believe the central bank must have anticipated further naira weakness, and widening in the gap between the official and interbank exchange. “It is for this reason, I believe this may possibly be a tacit devaluation, or at least a precursor to an explicit one that may be announced at the November 25 MPC meeting,” he explained. He added that the implication of the policies adopted by the CBN was that the rate of inflation would rise and could have adverse consequences on consumer stocks. The stock market also remained bearish in yesterday’s trading, as major company stocks depreciated further, with Nestle leading the losers' chart with a N47.5 loss, to close at N883. Forte Oil slumped from N208 to N194, while Dangote Cement, the biggest stock in the market, lost N10.4 to close the day at N198. WAPCO fell to its lowest price of N80 in four years, after shedding N8.73, Nigeria Breweries also took a hit to N143.45 having lost N7.55, while Unilever closed at N29.80, slipping down from N31.35. Market capitalisation sank to N11.425 trillion, losing N475 billion from N11.9 trillion at the close of trading the previous day. www.thisdaylive.com/articles/cbn-restricts-dollar-sales-as-naira-sinks-below-n170/193422 |
| Politics › Re: Nigeria Road Shame Makes Yahoo Homepage. by pendy79(op): 8:20am On Nov 07, 2014 |
Demburrows:GEJ didn't lead the team he was just a comealong like the Senegalese president. The leader of the team was John Mahama of Ghana, the ECOWAS head. Stop this your overpraising of your clueless president. Which president in other climes leaves his home with terrorist capturing territories never imagined in our nation history, yet he can afford to go help another country seek peace and political transition. 3 Likes 1 Share |
| Politics › Re: Nigeria Road Shame Makes Yahoo Homepage. by pendy79(op): 8:16am On Nov 07, 2014 |
AnodaIT:Guess you expect a Fashola to continue to spend his shortchanged federal allocation to build Federal roads in lagos that all the ones he has fixed has not been paid for over 4 years and yet he should continue. The billions the FG makes daily from the Apapa Ports should make any thinking and reasonable Government ensure that it source of revenue is well maintained and functional. No state government will continue to waste it funds when the FG is selective and partisan in repaying money spent on fixing it abandoned roads. 2 Likes |
| Politics › Re: Falling Oil Prices!!! Naira Faces Devaluation Soon. by pendy79(op): 7:57am On Nov 07, 2014 |
saxywale:If your analogy is to go by, oil prices rather go up during crises in any oil producing states. There is crisis in Libya and in Iraq so the price of oil should have increased rather than go down. Oil importation is expected to drop in europe not that it has dropped. How many countries is canada selling its shale gas to? Do you know how many depend on Russian gas during the cold winter for survival. I insist that the present oil price crash is more political than economics . Saudi is creating an oil glut to meet the shortfall from libya and iraq. |
| Politics › Re: Falling Oil Prices!!! Naira Faces Devaluation Soon. by pendy79(op): 7:44am On Nov 07, 2014 |
jejemanito:What I was taught of Siamese twins is that they are cojoined and attached double babies. So saying a child born 16years ago is a Siamese of another born 2 years ago is a wrong use of english and an uneducated and ill-informed choice of words. The last time I check the president of Nigeria is jonaTAN not IBB, Atiku, OBJ, Buhari. Obama met an American Economy on its knees, in deep recession with over 30% out of work, industries and automanufacturers laying off staff, housing crisis and mortgage issues with homeowners and their bankers. He didn't say george bush has damaged the economy so please bear with me there is nothing I can do. The American economy is back on its feet now and ours just like your madam harvard professor is facing challenges. If gullible and stupid are foul words there are more heinous ones I could use to describe you and others who reasons like you but I will leave those two for now. How much was our reserve when he came in? How much was our external loan portfolio when he came in? How much was crude selling then and how much was it during his 4and half years in office? How much power was the nation generating and how much are we now and despite the huge bills on the populace, are they seeing the light at all? how many economic saboteurs like mohammed abacha, ffk, ifeanyi uba did previous government pardoned and told to go with their loots? You're are all children of bad governance in the south east and since you are not brought up to condemn your thieving governors, it will be difficult to expect you to condemn the one there now since you've a nepotic and religious affinity with him despite his flairs. Sorry to disappoint you Nigeria is not solely peopled by your clans. 1 Like |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 7:11am On Nov 07, 2014 |
wisov:I understand your point, there is no chairman in TAN. Udenta I think is just its spokesperson. |
| Politics › Re: Nigeria Road Shame Makes Yahoo Homepage. by pendy79(op): 7:04am On Nov 07, 2014 |
Nigeria is in a hostage situation and the sooner we rescue her the better for the collective well being of the nation and the citizenry. We need to kick the PDP out next year. The 16years of rot is enough. |
| Politics › Re: Falling Oil Prices!!! Naira Faces Devaluation Soon. by pendy79(op): 6:57am On Nov 07, 2014 |
Ozonna:Who told you the government didn't go ahead with the sovereign wealth fund? The nation's economic management is the sole purview of the federal government with madam iweala the coordinator. The state governors are lamenting and crying foul play for over a year now about illegal withdrawals from the treasury and reduced monthly allocation to them. The main issue the FG fought to destroy the NGF was to avoid further challenge by the amaechi led NGF then on the FG illegal withdrawals. Shale Gas wasn't just discovered last month or the month before. It has been there for months without affecting the crude price. If crude price is falling despite the fact we are entering into winter in Europe and America then you don't know anything about the politics of oil pricing. Go and check the period of global economic meltdown. Was it last month? Two months ago? It was 3/4years ago. Crosscheck the prevailing price of oil during those period and now that almost all countries of the world are no longer under recession except for france, Italy, spain and greece. Most countries affected by the slowdown are enjoying positive growth now and production in china is back at its peak. Go educate yourself more. Oil prices were not this bad in the last 4years, the present situation is about Russia and its alleged involvement in Ukraine. Forget economics theories, oil pricing is most affected by the politics of America Europe and Saudi Arabia. Oil is most priced now by November and december cos of winter and the snow it is associated with. But is that the case now? China is directing its industries in certain areas ofbthe country to either slowdown or shutdown completely due to air population. China is not in recession anymore . Production is back in full steam. Take your time to research rather then argue over issues you know very little about. |
| Politics › Re: Falling Oil Prices!!! Naira Faces Devaluation Soon. by pendy79(op): 6:28am On Nov 07, 2014 |
Ozonna: |
| Politics › Re: Falling Oil Prices!!! Naira Faces Devaluation Soon. by pendy79(op): 12:32am On Nov 07, 2014 |
NwaNimo1:Do you really comprehend what you wrote? You did not save when you had excess but want to start to learn how to save when you don't have anymore to even sustain yourself |
| Politics › Re: Nigeria Road Shame Makes Yahoo Homepage. by pendy79(op): 12:20am On Nov 07, 2014 |
God will return our country to the path of greatness soon. 4 Likes 1 Share |
| Politics › Re: Falling Oil Prices!!! Naira Faces Devaluation Soon. by pendy79(op): 11:42pm On Nov 06, 2014*. Modified: 11:59pm On Nov 06, 2014 |
booscy:We are just a victim of a corrupt and ineffective government. We are caught in a web of power play of the USA colluding with Saudi Arabia to crash the oil market and its prices so as to weaken the russian economy. Saudi is in agreement cos they also want to punish the russians for their support of Syria and backing of Iran. We have spendthrifts in government who never saved for the rainy days. They have resorted to loan taking now despite the fact we had crude going over $163/barrel about a year ago. This clearly shows we never planned or learnt lessons over the years. Amaechi has been taking from funds he kept aside in a sovereign wealth account since 2009 which he is now dipping into it to augment the shortfall from the federation account since last year. Let the oil finish, you will see massive taxation. The minister already said so last week during her briefing. The economy is in tatters and we have a Harvard trained so called Professor as coordinating minister of the economy. Emir Lamido warned but some thought he was crazy and called him all sorts of names. It is a perilous times. 4 Likes |
| Politics › Re: Falling Oil Prices!!! Naira Faces Devaluation Soon. by pendy79(op): 11:21pm On Nov 06, 2014*. Modified: 11:56pm On Nov 06, 2014 |
When you are hoping and wishing the worst is over then comes a BIG BANG. From a reserve of $48billion to less than $37billion in little over a year when crude was going on the high they kept stealing and spending, organising rallies and praise singing session over the country . Let see how long our reserve can sustain our trade and exchange need. Tighten your belts nigerians, jonaTAN is fulfilling his destiny to drown the nation but salvation isn't far away. 4 Likes |
| Politics › Falling Oil Prices!!! Naira Faces Devaluation Soon. by pendy79(op): 11:14pm On Nov 06, 2014*. Modified: 12:02am On Nov 07, 2014 |
"Naira may be devalued as oil price slumps’ There may be devaluation of the naira as a result of the drop in global oil prices, Reuters reported yesterday. Nigeria, the continent’s top producer, relies on oil for only 14 percent of its gross domestic product (GDP) but crude makes up 95 percent of foreign exchange and about 80 percent of government revenues, both of which have shrunk rapidly as Brent crude lost more than a quarter of its value since June. Foreign portfolio investors fearing heavy losses on the currency have pulled out — the main share index hit a 16-month low and the yield on government bonds rose 10 basis points on Wednesday. The naira has lost around 4 percent this year, prompting the central bank to hold frequent additional dollar sales and lower the limit on banks’ foreign currency borrowing in efforts to prop it up. At around 167 to the dollar, it is well outside the central bank’s target band of 3 percent plus or minus 155 to the dollar. The last time it was in the target range was in late January. Foreign reserves fell rapidly from a peak of $48.9 billion in May 2013 to just $36 billion in June. They have since rebounded slightly and are currently around $38.3 billion. Despite these losses, analysts say that a devaluation before the elections, when President Goodluck Jonathan will seek a second term, would be so unpopular that it’s unlikely unless oil prices, now at $82 a barrel, tumble further and force the bank’s hand. “It will take some time of relatively low prices … before you see foreign reserves really being gobbled up, ” Matthew Searle, senior African analyst at Business Monitor International, said. “If oil prices fall further to the $60s or $70s a barrel, then the central bank will become the main source of dollars,” and will have to decide for how long it can keep up the fight. At what point it throws in the towel is hard to tell. Alan Cameron, London-based economist at Nigeria’s First City Monument Bank, thinks reserves would likely have to slide to close to $30 billion before a “last resort” devaluation would be considered. The last time the bank lowered its target range for the currency was in late 2011 after the naira came under speculative attack and tight monetary policy failed to defend it. “FISCAL EXPANSION” In addition to a weak currency, Nigeria faces an increasing squeeze on its government finances. Finance Minister Ngozi Okonko-Iweala told journalists last week that “Nigeria is not broke”, and analysts agree the country is a long way from struggling to meet its commitments. Yet a squeeze on funding is being felt. A source at the national assembly said money for projects is not being dispersed as easily as before oil prices fell. An official at a construction company, who declined to be named, said payments for a number of projects are in arrears. Oil analysts do not anticipate Brent recovering to over $100/bl with an average of $93.70/bl expected in 2015. A production cut by the Organisation of the Petroleum Exporting Countries (OPEC) seems unlikely. Oil producers have become accustomed to high oil prices, which have held largely above $100/bl since the Arab Spring in 2011, and all are having to adjust to the new climate. “There was significant fiscal expansion since 2010 as they were used to much higher oil prices, which makes the current price really problematic, ” Samir Gadio, Head of Africa Strategy at Standard Chartered Bank in London, said. “You really wonder how they will cope if prices stay at $85-90 a barrel and sustain the existing position,” he said, adding that even with prices at $100 a barrel it would struggle.” http://thenationonlineng.net/new/naira-may-be-devalued-as-oil-price-slumps/ |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 10:35pm On Nov 06, 2014 |
wisov:The founder and national coordinator of TAN, Dr. Ifeanyi Uba, made this known in Enugu during the inauguration of TAN executives in the three senatorial zones, 17 local government areas and 260 wards of Enugu State. Uba, who was the governorship aspirant of Labour Party in the November 16, 2013 Anambra governorship election, stated that Enugu had braced the tape as the first state in the country to establish state structures for TAN, and commended the state coordinator, Chief Anayo Onwuegbu (Omeiheikwu) and the facilitator, Deputy Senate President, Ike Ekweremadu for their untiring efforts. Hope I have cleared your doubts? 1 Like |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 10:16pm On Nov 06, 2014 |
mekd:He doesn't need to. We have a father christmas and an overgenerous commander in thief. Who is following precedents of generosity to Mohammed Abacha, Fani Kayode and the children of sule lamido. All he need do is to use part of the money to launder the bad image of jonaTAN 2 Likes |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 10:01pm On Nov 06, 2014 |
Gbabe2:You don't need to weep for him and his ilks. They are used to bad governance, didn't orji kalu handover to T.A orji, didn't sam egwu hand over to martin elechi. They are product of bad governance so it is a taboo to expect quality and people oriented leadership from an igbo governor since his followers are gullible and sycophantic in nature . 3 Likes |
| Politics › Re: Nigeria Road Shame Makes Yahoo Homepage. by pendy79(op): 9:50pm On Nov 06, 2014 |
omenka:My brother this government won't know what hit them by february next year. They think it will be business as usual they will see a rude shock. How can you come to power through popular demand and goodwill and squander that woefully without anything tangible to show for it yet you think you must continue. Change is here and it is within our reach. Nothing will deny our march to freedom from the grips of the PDP by May 29 2015 36 Likes 1 Share |
| Politics › Re: Nigeria Road Shame Makes Yahoo Homepage. by pendy79(op): 9:36pm On Nov 06, 2014*. Modified: 12:52pm On Nov 07, 2014 |
God will heal nigeria after we sweep out the years of the locust of the PDP next year. It has been 15years of wastefulness, cluelessness and corruption o lord . Come heal and restore our land O Lord. The journey to rejuvenate this country starts with me and you. Every sane Nigerian need to be part of the atmosphere and desire for change. 62 Likes 1 Share |
| Politics › Nigeria Road Shame Makes Yahoo Homepage. by pendy79(op): 9:24pm On Nov 06, 2014 |
Lagos (AFP) - The dismal state of Nigeria's roads is a constant source of exasperation for the long-suffering population but a tongue-in-cheek campaign on social media is trying to shame the authorities into action. Posting under the hashtag #MyRoadIsWorseThanYours, Nigerians have been sharing examples of the country's worst highways. Bomb crater-sized potholes, roads resembling muddy rivers in the annual rainy season and some unrecognisable even as public thoroughfares have been posted online. The tweets have an underlying seriousness: when Africa's leading economy and oil producer claims to have pumped 1.4 trillion naira ($8.5 billion, 6.75 billion euros) into infrastructure improvements since 1999, why are the roads so bad? They have also helped balance out the pages of self-congratulatory newspaper advertisements taken out by state governments, proudly displaying the smooth tarmac of upgraded, traffic-free roads. - Deaths, strikes, responsibility - Olanrewaju Adenekan is a clearing agent at Lagos' main port of Apapa. He is 51 but looks two decades older and is in poor health. Both he and his doctor blame it on his daily commute. Adenakan leaves his house in Sango-Ota, north of Lagos, before 4:30 am every day to reach Apapa at around 9:00 am. The distance door-to-door is just 37 kilometres (23 miles). "The traffic situation is bad. I spend between four and five hours for a journey that should take less than one hour," he told AFP. Adenekan owns two cars but prefers to take public transport because it is cheaper -- and also because the badly maintained roads take a debilitating toll on his vehicles. "Nigerians spend a lot of money on maintaining their vehicles because of potholes, which damage tyres, wheel rims, shock absorbers and other components," said quantity surveyor Alani Amusa. Time spent in traffic jams is also dead time, robbing businesses of productivity and effective workers. When they eventually arrive, they are often exhausted. Motorists stuck for hours in jams are sitting ducks for armed robbers. And bad roads mean more accidents. Nigeria had the highest road fatality rates in Africa in 2010 at 33.7 deaths per 100,000, the World Health Organization said in a report published last year. Recently, petrol tanker drivers threatened to go on strike if the bad roads were not fixed, blaming potholes and gullies for causing accidents. Nigerian states and the federal authorities have been in dispute about who is responsible for maintaining and improving the roads -- meaning nothing gets done. The Lagos State government for example has been at loggerheads with Abuja over reimbursements for repairs to federal-owned roads dating back to when Lagos was the country's capital. - Corruption, under-funding - As in so many walks of Nigerian life, corruption is also part of the problem. "Contractors like to cut corners by not working to specification," said Amusa, who is involved in a number of road projects in Lagos state. "They connive with corrupt officials to use sub-standard materials in order to maximise their profits. Many roads lack proper drainage, turning them into swimming pools within minutes of a downpour; roadside culverts overflow; tarmac disintegrates; traffic lights and road signs are often absent. Project costs can also be grossly inflated. The 338-kilometre (212-mile) dual carriageway linking southern oil-producing states was awarded at a cost of 138.9 billion naira ($835 million, 670 million euros) in 2006 under former president Olusegun Obasanjo. Eight years later, the cost has increased nearly three-fold to 347 billion naira -- and the road is not yet finished. Questions have been asked too about the cost of reconstruction of the 127.8-kilometre Lagos-Ibadan expressway -- the busiest road in west Africa, carrying an average of 250,000 vehicles per day. The contract was awarded for 167.9 billion naira but some experts believe it could have been revamped for a lot less. Most people, though, just want their own muddy, potholed streets paved and well-maintained to make the journey from their front doors to the main road less of a bone-shaking obstacle course. Works Minister Mike Onolememen blamed chronic under-funding from the federal government, which has led to contractors revising up their project costs to accommodate rising prices of materials. "About 500 billion naira was needed every year for the next four years to pave bad roads," he said. So far, he said the treasury has released just a quarter of the sum for the coming year. http://news.yahoo.com/nigerias-road-shame-goes-online-hope-better-days-035920087.html;_ylt=A0LEVy1h11tUvKkA5iRx.9w4;_ylu=X3oDMTByMG04Z2o2BHNlYwNzcgRwb3MDMQRjb2xvA2JmMQR2dGlkAw--?.tsrc=lgwnaww 4 Likes 4 Shares
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| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 8:46pm On Nov 06, 2014 |
Donmarrius:Forget the version told you by your dad wherein he said 10hausa soldiers raped your grandma before he was produced, despite the igwe's warning that they.should abort him, your grandma refused that is why you were fed to hate and spiteful and never recognised or know the truth. When he comes back home this evening from his hustle, tell him to tell you the truth about IFEAJUWA, NZEOGWU, ANUFORO and many other cowardly igbo soldiers who were the reason for the pogrom in the North. I'm sure he won't . 3 Likes |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 8:12pm On Nov 06, 2014 |
soroptimist:My brother it is in their trait and a passed on generational curse that is why they will rather run away from their poverty ravaged enclave to other regions of the country to seek better life rather than demand good governance from their political leaders. A martin Elechi and T.A Orji would be voted into the senate by this stupid people after their failure to provide meaningful infrastructure and development in their place to stem the flow of exodus and rather than remain quiet and appreciate the magnanimity of their host you will see them demanding for equality and political relevance in another man's land that they couldn't ask in their homeland. When Buhari win next year, let them secede and make JonaTAN their leader. 2 Likes |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 7:57pm On Nov 06, 2014 |
patrickmuf:The Nigerian populace has been bastardized and gotten used to inept, dysfunctional and useless governance that they have have gotten used to it. They assume good governance is a mirage and can't be achieved. Every supporter is a clannish, Hatefilled and nepotic human being who supports the daft one not based on principles or performance but on sentimental and primordial reasons. They will ask "what's the alternative" cos they will rather be refugee in their own land than be ruled by someone who's not of their tribe or religious doctrine. |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 7:37pm On Nov 06, 2014 |
patrickmuf:Patrick quite a while. Pastor Bakare warned that this fisherman is on a mission to bankrupt Nigeria. Truly it is manifesting now. How will you justify the pardon and patronizing of known crooks and thieves for mere political patronage? Why is this nation so cursed with bad leadership over the years? You can't count 5years of purposeful and development minded leadership out of the 54years of our existence. 2 Likes |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 7:16pm On Nov 06, 2014*. Modified: 10:26pm On Nov 06, 2014 |
najoke:My brother that is the reality in JonaTAN Nigeria of today o. And some stupid and slavish slowpoke are celebrating rather than crying. From ffk to Mohammed abacha to ifeanyi ubah now . How long more does this Nation bear this impunity and clear r.ape of its resources? 5 Likes |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 6:59pm On Nov 06, 2014 |
Billyonaire:Going by the pictures posted on nairaland of you and the miserable life you lead, trust me.you ought to be crying and wailing for the fact that your poverty stricken life cannot and will not change in the next 4 years if JonaTAN continues in office. It is the likes of you I pity because your situation will move from desperate to total despair and suicidal if this continuous daylight robbery continues. Have a rethink so your situation and those like yours will improve 16 Likes |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 6:22pm On Nov 06, 2014 |
Goddex:Yes it ought to be returned to me and every reasonable and patriotic Nigerian who was ripped off by his scam subsidy fraud despite collecting billions of naira as loan to fund a non existing petroleum product importation. Morons like you celebrates rapist of your commonwealth simply.cos they.speak same language as you. 16 Likes |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 5:59pm On Nov 06, 2014 |
Donmarrius:For a person who doesn't know Ifeanyi Ubah owns and coordinates TAN and called Udenta its coordinator, it will be foolish and degrading for me to engage you in further conversation or argument. Go read your books bro. Asking me what AMCON is, shows you're not intelligent because if you do, you will see I created this thread. You need to improve and develop your IQ. This thread is about AMCON and IFEANYI UBAH, if you want lesson on AMCON. Create a thread for it. Last time I check Seun does not charge a dime to create one 14 Likes |
| Politics › Re: AMCON Returns Capital Oil To TAN Coordinator!! Dividend Of Jonatan's Largesse. by pendy79(op): 5:25pm On Nov 06, 2014 |
Donmarrius:Go look up what STOCKHOLM SYNDROME means that is the malaise that you and other idiots who reasoned and think like you suffer from. So it was a marvellous biz idea to roundtrips and rip off the nation with fathom subsidy claims for petroleum product he never brought in? I'm sure Mohammed Abacha deserves the billons of naira that he was told to go away with since it was his and his father's sweat and he will use it to capture Kano state for your lord and master. You must be daft to have written what you wrote. 21 Likes |
| Politics › Re: Osoba, Others Defection Shocking, Won’t Affect Party -APC by pendy79: 5:08pm On Nov 06, 2014 |
It is funny that an Osoba that could not withstand the tsunami of Gbenga Daniel is now feeling like a king kong. Someone who couldn't deliver good quality governance in his 4years is now envious and want to be hero-worshipped. Amosun has earned the trust of ogun people. Let osoba go test his popularity. He was given the deputy governor slot in 2011 now he want the governorship. Who overlook a performing governor for a mediocre? Not the APC he should have just gone to the PDP at least a buruji kasamu is there. Good riddance anyday. |
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