₦airaland Forum

mikeansy:
Seriously is this the new evidence they have?

Okah made 43 voice calls to one of the suspects. Does that prove anything?

I can not believe that our SSS can not provide a very credible evidence to nail Okah who actually could be responsible for these bombings. If they can not produce evidence of recorded telephone conversations with Okah instructing the bombers on what to do, or something very concrete the South African Judge will release Okah. South Africa is a serious country and not this our very backward Nigeria.

Okah by exchanging 43 voice calls is as guilty as anyone who has spoken to the bombers on phone and this may include their grandmothers and sisters in the village. 43 voice calls and 20 text messages does not prove anything.

Shame on Nigerian SSS and their intelligence gathering. This is really embarassing as Okah's lawyer said.

I beg Mikeansy, don't fall my hand with this kind of your reasoning. You are too intelligent for this.
A phone call to a terrorist suspect is enough to warrant arrest. Of course the SSS have incriminating details of the conversation, but they cant let it out just like that.
Have ever wondered why some of the findings in Mutallabs trial are never revealed? Do you know that a sheik Gunmi was imprisoned in Saudi Arabia just because he communicated with Mutallab?

Please think deep before your make your postings on this issue.

I think our suggestion will count much on the web page.
This is truly a good idea.

Emax:
Fill in the gap

1. I was ___________ when IBB ( Inane Bad Boy) when Came to Power.
2. I was ___________ when he stepped aside.
3. I am ____________ when he dreams of returning to power.
4. Therefore,___________


Answers
1. 13
2. 20
3. 37
4. IBB , AM NOT A SMALL BOY!

lolzzzzzzzzzzz
He can decieved at all

I Stick with GEJ.

He remains the best so far!

I had been silent on this issue due to the sentiments drawn from various factions. But I have this question to ask.

Have we ever seen a suspected terrorist granted interview by a world press before investigations is concluded?

If an  interview is granted to a suspected terrorist in custody , what do expect the terrorist to say? Of course he will try to sell his propaganda to win sentiments all over.

Is just like allowing CNN to interview Mutallab when he was arrested. What he will say will definitely shock the world.
He may even  claim It was even CIA that put the bomb in diaper. This is just exactly what is happening.

If South African Authorities actually allowed Henry Okah to be interviewed, then their security operatives have failed. Because that will surely jeopardize the investigation.  If he is saying truth, it is the duty of the security operatives to interrogate him and determine the genuineness of his claim. They can then decide  to either free him or prosecute before he is granted interview. Thats how it is done.

I really doubt if south African security operatives actually allowed Aljazeera to interview Henry Okah. I think I will go with this latest post

egift:
Game:
- Nigeria lost out in WC, President suspend Super Eagles, FIFA threatened, Nigeria un-suspend (-1 Nigeria)
- After NFF went to court, FIFA banned us (-1 Nigeria)
- NFF bowed out of court to please FIFA (-1 Nigeria)

Score:
FIFA (3) | NIGERIA (0)

lolzzzzzzzzzzz

@ Poster. Good analysis and observation. Time will tell.

Of course he is right to host repented militants? Didn't Yaradua host the same militants?

@ Poster
Kidnapped Aba Schoolchildren Freed Unharmed ! with Picture

https://www.nairaland.com/nigeria/topic-523390.0.html#msg6854454

GEJ keep up the good works and don't be distracted by those sponsored criminals!

@ ayusman16
Tell them o!

What have they achieved?

Criminals on rampage! What point are they making?

GEJ got right! There is no better argument than this.
RIP zoning!

Those clowns will still be fooling around looking for a point to argue with a PHD holder. They will always get it wrong.

To be honest , it takes intelligence to be able to explain zoning like the way GEJ did.
All this while nobody ever thought of Kwara state or the Northwest aspect of Zoning, until now.

Better days are to come.
I believe in Nigeria!
and I believe in GEJ!

I never trusted Sahara reporters. I always take there story with pinch of salt till I verify from other source.
They are surely working for somebody and time will tell. They are gradually loosing their credibility and I bet other online papers will overtake them.
Infact nigerian for nigerians has already taken over.

Beaf, thanks for those observations on the picture, I really didn't notice.

JEGA, GEJ,GLJ, Goodluck for President!!!! Carry go.

Lets not be deceived,  Buhari  can never fight corruption like the way he did during his military rule. The reason is simple. The modus operandi are different. Then it was Decree now it is Constitution . Laws have to be obeyed. You cant jail a man until he is proven guilty and wasnt the case during his military rule. Period!

Anyway is good but not the best so he cant win. Let Iloh look  for someone else to recommend under this dispensation.

babasoty:
In 2011: Collect BABANGIDA's money, pally wit RIBADU, mock SARAKI, advise MOMODU then wish all of dem GOODLUCK.

Brilliant Idea, I love it!!!.

And na so e go bi,

Donald Duke is my choice, then Jonathan.
The fact remains, the chances of Donald Duke winning over Jonathan is minimal. It is not easy at this stage to sell a southerner to the north.
Jonathan has a wider coverage because of his position than Duke. To be frank, the common man in Kano, Jigawa ,Zamfara etc dont give much attention to Tourism.
What they are more concern about, is how you have directly affected them in agricultural and basic infrastructure. Most of them hardly know the achievements of Duke just as the southerners hardly know the achievements of Yaradua when he was a governor.
Thats why I said it will be difficult for him. Jonathan is the seating president so he has the upper hand.

Duke or Jonathan my choice anytime. But I really really like Duke!!!
Wait, which party is Duke contesting under? (Tinubu or Obasanjo) non of the above I guess.

Atiku's men ke? Rumours!
Know the underground politics in Adamawa. All the members of the house are PDP members, and Adamawa PDP is totally controlled by Gov.Nyako.
The rumour spread because the new house Leadership were fomerly AC members that decamped to PDP.

LEADERSHIP

gathered that the former Speaker had been in the eye of the storm following his alleged closeness to the State Governor, Murtala Nyako.
He was also allegedly quizzed the Economic and Financial Crimes Commission (EFCC) over financial irregularities when he acted as Governor.

Later at a press conference, the new speaker Hon. Nathaniel disclosed that all the members were totally loyal to the People's Democratic Party ( PDP) under the leadership of Alhaji Mijinyawa Kugama and Governor Nyako
.

He denied rumours that the closeness of the former Speaker was responsible for their action adding they have never thought of impeaching the Governor. Asked if his election does not conflict with the PDP zoning formula as he comes from the southern senatorial zone just like the State Governor, State Chairman and the Secretary to the State Government
http://www.leadershipnigeria.com/news/cover-stories/18397-adamawa-speaker-resigns-deputy-impeached

In an apparent show of solidarity and support  for  the Governor Murtala Nyako’s administration, the new leadership of the House of Assembly  met with Governor Nyako, where it pledged its unalloyed loyalty to him
http://www.tribune.com.ng/index.php/news/9177-thugs-on-the-rampage-in-adamawaover-new-leadership-of

Atiku cannot effectively take over a single ward in Adamawa State. The actual power play in Adawawa state is between Gov Nyako and the these group (Jubril Aminu, Bamaga Tukur and the factional leader of PDP). These guys for sure can never be loyal to Atiku.
Atiku is a big time looser anywhere!

They will all gather to scatter. Nothing dey happen!

lastpage:
^^^^^^^Hmmm! U may need to edit your post quickly if you claim:
U dont know the 'Sultan of Sokoto'!
U call him a "Southerner"!!

I hate to see some naira-lander taking a dig at you over that

Of course naijaking1 knows the sultan. I thought you understood the message. He is trying to say that it is normal thing you hear from all these pro Sanusi guys, when a prominent Nigerian condemns him.
Well thank God this time around it his spiritual head that spoke against him, so lets see how the pro SLS guys will respond.

Sultan Cautions CBN on Banking Reforms
•Apex bank explains tenure of bank directors •Scraps 2% loan provisioning
By Goddy Egene in Sokoto and Kunle Aderinokun in Abuja, 05.19.2010
The Sultan of Sokoto, Alhaji Muhammed Sa’ad Abubakar III, yesterday advised the Central Bank of Nigeria (CBN) to tread cautiously with ongoing banking reforms, saying Nigeria's problems should not be blown "out of proportion”.

Also, the CBN yesterday said the code of corporate governance which stipulates that non-executive directors of banks could serve for a maximum of four years of three terms is still valid, contrary to reports that it is a two-year tenure renewable once.
Besides, the Bankers' Committee resolved to expunge the two per cent loan provisioning requirement from the Prudential Guidelines, given the current economic realities .

The Sultan’s comments is coming less than two months after the National Security Adviser (NSA) to President Goodluck Jonathan Alhaji  Mohammed Gusau, said the reforms had paralysed the Nigerian economy.

Abubakar spoke during a courtesy call on him at his palace by the management of the Securities and Exchange Commission (SEC) as part of its public enlightenment workshop in the state.
He acknowledged that banking reforms are good for the economy.

He however, insisted that there are better ways the CBN could have handled it without causing more problems for the country, particularly in the area of security.
“We commend the CBN for embarking on the reforms but we should not blow our problems out of proportion," said the Sultan.

He continued: "We know that banking reforms is needed and is good but we should not blow it out of proportion. When we do that, we are exposing our economy to the outside world. And if our economy is exposed, it affects the security of the country. When the economy is bad it will lead to vices that create insecurity in the system. We can go ahead and recapitalise the banks but there are better ways to handle it.”

CBN had fired the executive management of eight of the 24 banks in the country last August and October, having found the institutions to be in grave condition after a Special Audit jointly conducted by the apex bank and the Nigeria Deposit Insurance Corporation (NDIC).
Consequently, the CBN provided N620 billion ($3.9 billion) in liquidity and loan support to the eight institutions, stressing that lax management had left the banks undercapitalised.

These institutions had since been taken over by CBN appointed managements, which had been running the banks as going concerns until new investors are found to recapitalise them. Justifying its action, the CBN said that the total non-performing loans (NPLs) of the eight banks were N1.524 trillion. The amount, it pointed out, represented 60.75 per cent of the industry’s total NPLs.

Given the provisions for bad loans, which the rescued banks and other banks were compelled to make by the apex bank, banks have since shut their doors to borrowers.
Abubaker also called on the banks in Nigeria to play their traditional role of making credit available for the growth and development of the nation’s economy. He argued that banks  have abandoned their core banking functions and are engaging in direct trading and other activities to the detriment of the economy.

“The banks are not playing their developmental role; they are engaging in other activities and declaring billions of naira paper profit. They should concentrate on their core businesses and help to grow the economy, which will on the long run lead to more patronage of the banks by more people,” he said.

Speaking on the capital market, he said that government must create the necessary environment and empower Nigerians to save and be able to patronise the market. He therefore suggested higher pay packages as the best way to help savings and eventual investments in the capital market.

Abubakar noted that the job of the SEC DG, Ms. Arunma Oteh, is a tough one given the economic situation of the country. But he expressed confidence in  her and the entire  management  to  deliver results given her wealth of experience.
“I know you have a big challenge on your hands. But I have confidence in you because I followed your appointment and this is the time to prove  your critics wrong  and justify the government that saw your qualities and brought  you back home to make your contributions to the growth of Nigeria,” he said.

Oteh had earlier told the Sultan that SEC was in Sokoto for a public enlightenment programme and the launching of Capital Market Clubs (CMCs) in secondary schools. She said since the level of awareness about the capital market is still very low, the commission decided to introduce the market to students at the secondary school level in order to catch them young.

The SEC boss said that the capital market club would be launched in secondary schools throughout the 36 states of the federation and Abuja. She added that Kano was the first place to be visited in this regard, last March.
Meanwhile, the Director of Banking Supervision at the CBN, Mr. Sam Oni, clarified the tenure for bank directors at the end of the Bankers’ Committee meeting in Abuja.

He said that the tenure as defined in the code of corporate governance is a maximum of four years of a cumulative three terms.
Oni said there would be a continuous assessment of the performance of the directors as clearly stated in the code, and would be done after every two or three years.

He thereby clarified reports credited to the CBN Governor, Lamido Sanusi, last weekend that bank directors could be appointed onto bank boards for a maximum of two years  and  renewed once.
The clarification came as banks said they have agreed with the  CBN to remove the mandatory  two per cent provisioning requirement for gross total loans  for commercial banks with the condition that the banks had cleaned up their balance sheets of bad debts.

Oni was accompanied by the Managing Director of First Bank of Nigeria Plc, Mr. Bisi Onasanya;  Managing Director of  Access Bank Plc, Mr. Aigboje Aig-Imokhuede; Managing Director of Citibank, Mr. Emeka Emuwa;  and Managing Director of Sterling Bank, Mr. Yemi Adeola.
“I want to emphasise that the Code of Corporate Governance as we have it is still valid. The tenure as defined in that code is a maximum of four years of a cumulative three terms. However, we tried to be dynamic in the way we look at people that are appointed as directors of the banks.

“There will be a continuous assessment of their performance, which is clearly stated in the Code; that reassessment is going to be done after every two or three years. That is like a certification process, which will show how they are performing and guiding the banks,” Oni said.

He stressed that it  was  the responsibility of the directors to ensure that their institutions were run professionally pointing out that, that was why it was important that on a periodic basis,  their activities are evaluated,
However,  Adeola said  the two per cent loan provisioning requirement had been expunged from the Prudential Guidelines, given the current economic realities .

He said: “We took another look at the guidelines, and we realised the need to effect a few amendments. In fact, the Bankers’ Committee has agreed on the urgent need to expunge the provision that makes it mandatory for banks to set aside two percent of their loan portfolio.
Aig-Imoukhuode argued that it  was not the responsibility of banks to provide the basic amenities required by small scale enterprises to blossom.

The bank chief noted that the commercial banks  were striving hard  to ensure that financing was  available, adding: “We can confidently say that right now financing is not the issue. One of the concerns of the bankers committee is that a lot of work has to be done by various agencies of government to put in place an enabling environment for these operators to progress.”

In his contribution, Onasanya disclosed that  the bankers’ committee at yesterday’s  meeting  called for the evaluation of the three consortiums that won the bid to operate off-site Automated Teller Machines (ATMs). This he said, was with a view to ensuring  that they provide better services  to the  banking public.
http://www.thisdayonline.com/nview.php?id=173651

JaaizTech:
What is wrong with having a masters in Islamic Studies

Sanusi Lamido didn't just come from no where to become the CBN governor:

Sanusi has presented papers at dozens of academic fora on several continents, and many of his papers have been published in academic journals, books and newspapers. ( http://allafrica.com/stories/200912160227.html )

There is nothing wrong with having masters in Islamic studies. But something is completely wrong with having  someone that masters only Islamic studies to be a Central bank governor.

Which Academic  papers did Sanusi present? I challenge you to produce the academic papers he presented apart from the ones naijaking1 mentioned, which had to do with sharia, women and ethnic differences.

The kind of academic papers someone produce completely tells the direction someone is going in his career. Sanusi was heading to be the an Imam or the  risk manager in an Islamic bank. But definitely not CBN governor.

I was really amazed when i read the article naijaking1 posted. How on earth did this guy get into this position?
https://www.nairaland.com/nigeria/topic-446122.0.html

From frying pan to fire! lol
If he is taken to UK, I wonder when he will come out of jail.
Wishing him all the best.

No winner yet. It is a Hung. The winner has to have 326 seats in the house.
So far both labour and conservative have not gotten that.
The king maker is Nick Clegg (Lib Dem). He has to choose which party he will form government with , and he is showing interest towards the conservative. But that isnt enough, because according to the constitution the serving prime minister has to make the move of forming a government first or if he resigns, any other party can form government. So far he trying to get the support of the Scotland and wales.
So if that happens, even if Nick Clegg throws his support to David Cameron(conservative), Gondon Brown (labour) will be the winner, because he is the Prime Minister and has the advantage of forming Government first.
And if neither of the two happens, the election will be conducted again.
Also there is a possibility that Nick Clegg might still give his support to Labour.

Rest in Peace Mr President

I beg make this people leave Baba Alone. If he has said something wrong, is between him and his God. And really from the context he said it, he acknowledge the supremacy of Jesus, so he didn't mean to blaspheme. As a preacher said he is just a baby Christian. And remember in reality the unbelief of people limits the power of God to work in their midst, that was why Jesus could not perform mighty works in Nazareth according to the bible.

Let him that has no sin , cast the first stone!

One of the most sensible governors I know. He always says what is right without without sentiments.

Gekko:
LMAO,  what? they made photocopies and filed them in a separate cupboard.

lollllll
EFCC wants to prosecute[b] Digital[/b] criminals like Ibori with Analog Records and systems.
Well,we are waiting to hear whose case file was burnt.

Nigeria we hail thee!
EFCC should be smart enough to have Back up files.

Please just say it as it is. Ex Edo law maker arrested with pump action.
And remember pump action can be have a licence, so lets wait for police investigation.

dumodust:
seing the economy from one perpective ke? which other perpective is there? he injected money into banks that wud have collapded. come to think of it, if they had collapsed, many more innocent people wud have lost hteir jobs

Simple as you said risk. Thats is the only perspective, but a good risk manager knows that even risks has two sides. Good Risk and Bad Risk. It depends on how they are managed.

ifkunlethe:
the question is; will this move
re-employ thousands of nigerians that have been laid off?

It might not necessary create the lost jobs  immediately, because the havoc this  mallam sanusi has caused  the economy is just too much to.
But It is far better for him going now,because we've learned from  his modus operandi that he is only digging more deep gullies to fill some small holes.
So it will definitely be from frying pan to fire if he is left. And what annoys me is that he just too arrogant and only sees the economy from one perspective.

I also want to second naijaking1 and thank most especially mikeansy,then papa browne, Beaf, Sapeleguy, Dominioifet, and others who I call the Real economist for their contribution on this matter since from the beginning. You guys are making waves all over the world and when this guy is finally out of office the credit will go to guys.
Its time to act, remove this guy ASAP or let him resign. He is a big failure with so much sentiments.

Let him be quoted right.

The former president who appointed the outgoing INEC boss said, “with all due respect, if Jesus Christ could come to the world and be the chairman of INEC, any election he would conduct will be disputed.”
Obasanjo said what was required was the urgent need to reform Nigerian politicians for the nation to have acceptable elections in 2011
“Since I got here three days ago, I understand that the chairman of INEC has been asked to go on leave. People have also talked about electoral reform.
“Quite honestly, I have said that I don’t understand in detail what this electoral reform is. One thing that we need to reform in our own society is the politician. We need to reform politicians,” Obasanjo stressed.
He said he first participated in elections in Nigeria in 1959 and since then, there has been no election conducted that has not been disputed.

“It will be difficult to have a perfect election. What is important is that the result of an election should reflect the will of the people,” he said.The former president also said he was optimistic about the role of the Nigerian youth in the future of the nation

http://www.thisdayonline.com/nview.php?id=172241