₦airaland Forum

I don't know how nobody has ever quoted INEC or Mr. Festus Okoye on this. He said this way back in November 2022.

https://www.vanguardngr.com/2022/11/2023-we-are-preparing-for-possible-rerun-elections-inec/amp/

Excerpt

The INEC National Commissioner and Chairman, Information and Voter Education Committee, Mr Festus Okoye, gave the hint at a meeting with Bureau Chiefs/Editors of media organisations on Friday in Abuja.


November 19, 2022

2023: We are preparing for possible rerun elections – INEC


The Independent National Electoral Commission (INEC) says it is already making plans and preparations for the conduct of a run-off presidential election, where no candidate meets the conditional requirements for declaring a winner from votes cast on Feb. 25, 2023.

The INEC National Commissioner and Chairman, Information and Voter Education Committee, Mr Festus Okoye, gave the hint at a meeting with Bureau Chiefs/Editors of media organisations on Friday in Abuja.


Okoye said that such plan had been the tradition of INEC for all elections conducted by the commission since the return of democracy since 1999.

He said that INEC was already planning to print double of the total number of ballot papers required for the first ballot, should in case there was rerun election.

He explained that the preparations were always made alone the first because the commission had just 21 days to conduct the rerun or run-off election.


The national commissioner said that before candidate could be declared winner of the presidential election, he or she must have the highest number of votes cast and secure a quarter of the votes cast in two-thirds of the states of the federation and the FCT.

He said where the threshold is not met by any candidate, the constitution stated that second election should be conducted for two of the candidates with highest and majority votes in line with the provisions of the constitution.

“Section 134 subsection 2 of the Constitution of the Federal Republic of Nigeria, which is the fundamental law of the land, makes it mandatory that before anyone is deemed to have been elected as a president of the Federal Republic of Nigeria, that candidate must secure the highest number of votes cast at the election.

“He must also secure a quarter of the votes cast in two-thirds of all the states of the federation and the Federal Capital Territory. That is mandatory.

“Now, if no candidate secures this highest number of votes and the mandatory threshold, the Constitution says we must have a second election within a period of 21 days.

You Igbos will always backstab each other!
Unable well done!

highchief1:
I tire for Nigerians bros.he didn’t do exceptionally well in anambra.I don’t know how intends to fix 36 states when he couldn’t fix a few local govts.

You Ibos are the problem of Igbos. I see more Yorubas wanting to vote Peter Obi than Igbos, especially the middle aged ones.

highchief1:
Obi cannot fix Nigeria.He couldn’t fix agulu his village.

This election, body cams is surely the way to go. The way they will steal Peter Obi's vote will shock if the youth don't take matters into their own hands now.

They Igbo importers would do well to subsidise the cost of body cameras to enable the youth defend their votes.

This election, body cams is surely the way to go. The way they will steal Peter Obi's vote will shock if the youth don't take matters into their own hands now.

They Igbo importers would do well to subsidise the cost of body cameras to enable the youth defend their votes.

This election, body cams is surely the way to go. The way they will steal Peter Obi's vote will shock if the youth don't take matters into their own hands now.

This would have been a unique opportunity for Gov. Sanwo-Olu to distinguish himself in Nigerian politics by submitting himself for DNA despite his immunity status.

Women all over Nigeria would celebrate him.
These our politicians don't understand the psychology of humans and how to use it in politics. That sure impedes their leadership abilities. Unfortunately!

It is so unfortunate that most of our politicians are people that learnt to hustle early and not from good breeds. The survival of the fittest is what drives them and that is essentially why we are where we are today!

They are constantly on "survival mode"!

PrincessDiana:
Why Obasanjo, Yar’Adua, Jonathan, Buhari Administrations Could Not Provide Stable Power Supply For Nigerians— Ex-Transmission Company of Nigeria MD, Mohammed


January 8, 2023

NEWS

Obasanjo was Nigeria's president from 1999 to 2007; Yar'Adua took over in 2007 but died in 2010. Jonathan, who was Yar'Adua's Deputy, took over from the late leader and was president till 2015 when he lost to Buhari in the presidential election of that year. Buhari will leave the position on May 29, 2023 after spending two terms in office. 

Aformer Managing Director (MD) of the Transmission Company of Nigeria (TCN) and former employee of the African Development Bank (AfDB), Dr Usman Gur Mohammad has explained why the administrations of Olusegun Obasanjo, Umar Musa Yar’Adua, Goodluck Jonathan, and Muhammadu Buhari could not solve the problems in Nigeria's power sector over the last 23 years.

Obasanjo was Nigeria's president from 1999 to 2007; Yar'Adua took over in 2007 but died in 2010. Jonathan, who was Yar'Adua's Deputy, took over from the late leader and was president till 2015 when he lost to Buhari in the presidential election of that year. Buhari will leave the position on May 29, 2023 after spending two terms in office. 

Dr Mohammadu who stated this during an interview on Trust TV’s 30 Minutes X-rays, narrated how the National Integrated Power Project (NIPP) carried out by Obasanjo’s government could not succeed despite huge public funds spent on the project. 

He said, “Under the Obasanjo regime they passed the power sector reform into law and they unbundled the power sector into 11 companies and handed over all. They never embarked on privatisation; they stopped there.

“But the biggest investment that Obasanjo did in the power sector was the National Integrated Power Project (NIPP). We embarked on that project without adequate study, we were convinced by some foreign companies that they were going to supply gas turbines to us, and then they said they were not even going to be doing the installation; that they would hand it over to a Nigerian that was working with them who would take the responsibility of the installation.

“So, what we did basically was that, it’s like you want to build a house and you award a contract to somebody to build the house for you and he does the roof and keeps it for you when you have not started the civil works; that is exactly what we did with the NIPP.

“They brought this gas turbine under FOB, and some of them stayed for more than four years in Port Harcourt, with no road even to carry them; the bridges were not tested to see whether they could be carried. So, we didn’t even clear the place where we were going to install the gas turbines and there was no gas supply to the locations.


“This is exactly what happened with transmission also. We awarded so many contracts that we didn’t carry out the studies. Some of those contracts actually failed completely and some of them were completed with a lot of inadequacies.

 consultant who advised them to do what is called pilot – privatise one or two states and see the experience that you learn from those two states before embarking on entire privatisation.

“Jonathan discarded that report and completely took a decision to privatise the entire network – distribution and generation.

 
“Meanwhile, there were certain studies that they were supposed to carry out to do the privatisation. For the DisCos, anybody who is taking over a DisCo, a company that is experienced will insist that you have to give them the aggregate, technical and commercial laws determined scientifically. This was not done.

“We assumed a 25 per cent loss, so when we went to a road show all over the world, everybody told us, all the companies that have experience told us, please go and determine the studies, determine scientifically the aggregate technical commercial, we are not ready to do that."

“We eventually knew nobody was going to come. So, we lowered the qualification criteria to allow Nigerian companies to take over those companies. That was how all the DisCos were taken over by companies that have no experience,” he added.

He continued, "What the Buhari administration took over from Jonathan is the completely privatised power sector with a transmission company under the government, but it was given to Manitoba Hydro International to manage on behalf of the government.

"The government has taken over what you call the Single Buyer Model where the bulk trader is the one buying all the electricity and they sell to the DisCos. 

"Yes! This single-buyer model in electricity has never worked anywhere in the world; it has never worked. I don’t know how they advised us to do this. It has never worked, because it makes the DisCos to be not accountable to anybody; it makes the GenCos to be lazy.

"Because you have somebody who is taking the responsibility and taking the cost, meaning, if the DisCos don’t generate enough money to put into the sector, the shortfall that is supposed to go to transmission and go to generation is going to be paid by the government.  

"It is a subsidy. It’s supposed to be a transitional arrangement of five years, but now we have spent more than 10 years and it is still existing.


"Under the arrangement, the government of President Buhari has pumped close to N2trn into the power sector to finance this kind of subsidy and at the end of the day that money has not translated to a single megawatt increase because it’s just financing consumption. We are just financing the failure of the power sector reform; that is how it is."

Meanwhile, SaharaReporters had reported that Usman Mohammed, during his tenure as Managing Director/Chief Executive Officer, Transmission Company of Nigeria in 2019, said that before the country can have stable electricity, grid power distribution companies have to recapitalise.


The electricity sector in Nigeria generates, transmits and distributes megawatts(MW) of electric power that is significantly less than what is needed to meet basic household and industrial needs.  

https://saharareporters.com/2023/01/08/why-obasanjo-yaradua-jonathan-buhari-administrations-could-not-provide-stable-power

Why Obasanjo, Yar’Adua, Jonathan, Buhari Administrations Could Not Provide Stable Power Supply For Nigerians— Ex-Transmission Company of Nigeria MD, Mohammed


January 8, 2023

NEWS

Obasanjo was Nigeria's president from 1999 to 2007; Yar'Adua took over in 2007 but died in 2010. Jonathan, who was Yar'Adua's Deputy, took over from the late leader and was president till 2015 when he lost to Buhari in the presidential election of that year. Buhari will leave the position on May 29, 2023 after spending two terms in office. 

Aformer Managing Director (MD) of the Transmission Company of Nigeria (TCN) and former employee of the African Development Bank (AfDB), Dr Usman Gur Mohammad has explained why the administrations of Olusegun Obasanjo, Umar Musa Yar’Adua, Goodluck Jonathan, and Muhammadu Buhari could not solve the problems in Nigeria's power sector over the last 23 years.

Obasanjo was Nigeria's president from 1999 to 2007; Yar'Adua took over in 2007 but died in 2010. Jonathan, who was Yar'Adua's Deputy, took over from the late leader and was president till 2015 when he lost to Buhari in the presidential election of that year. Buhari will leave the position on May 29, 2023 after spending two terms in office. 

Dr Mohammadu who stated this during an interview on Trust TV’s 30 Minutes X-rays, narrated how the National Integrated Power Project (NIPP) carried out by Obasanjo’s government could not succeed despite huge public funds spent on the project. 

He said, “Under the Obasanjo regime they passed the power sector reform into law and they unbundled the power sector into 11 companies and handed over all. They never embarked on privatisation; they stopped there.

“But the biggest investment that Obasanjo did in the power sector was the National Integrated Power Project (NIPP). We embarked on that project without adequate study, we were convinced by some foreign companies that they were going to supply gas turbines to us, and then they said they were not even going to be doing the installation; that they would hand it over to a Nigerian that was working with them who would take the responsibility of the installation.

“So, what we did basically was that, it’s like you want to build a house and you award a contract to somebody to build the house for you and he does the roof and keeps it for you when you have not started the civil works; that is exactly what we did with the NIPP.

“They brought this gas turbine under FOB, and some of them stayed for more than four years in Port Harcourt, with no road even to carry them; the bridges were not tested to see whether they could be carried. So, we didn’t even clear the place where we were going to install the gas turbines and there was no gas supply to the locations.


“This is exactly what happened with transmission also. We awarded so many contracts that we didn’t carry out the studies. Some of those contracts actually failed completely and some of them were completed with a lot of inadequacies.

 consultant who advised them to do what is called pilot – privatise one or two states and see the experience that you learn from those two states before embarking on entire privatisation.

“Jonathan discarded that report and completely took a decision to privatise the entire network – distribution and generation.

 
“Meanwhile, there were certain studies that they were supposed to carry out to do the privatisation. For the DisCos, anybody who is taking over a DisCo, a company that is experienced will insist that you have to give them the aggregate, technical and commercial laws determined scientifically. This was not done.

“We assumed a 25 per cent loss, so when we went to a road show all over the world, everybody told us, all the companies that have experience told us, please go and determine the studies, determine scientifically the aggregate technical commercial, we are not ready to do that."

“We eventually knew nobody was going to come. So, we lowered the qualification criteria to allow Nigerian companies to take over those companies. That was how all the DisCos were taken over by companies that have no experience,” he added.

He continued, "What the Buhari administration took over from Jonathan is the completely privatised power sector with a transmission company under the government, but it was given to Manitoba Hydro International to manage on behalf of the government.

"The government has taken over what you call the Single Buyer Model where the bulk trader is the one buying all the electricity and they sell to the DisCos. 

"Yes! This single-buyer model in electricity has never worked anywhere in the world; it has never worked. I don’t know how they advised us to do this. It has never worked, because it makes the DisCos to be not accountable to anybody; it makes the GenCos to be lazy.

"Because you have somebody who is taking the responsibility and taking the cost, meaning, if the DisCos don’t generate enough money to put into the sector, the shortfall that is supposed to go to transmission and go to generation is going to be paid by the government.  

"It is a subsidy. It’s supposed to be a transitional arrangement of five years, but now we have spent more than 10 years and it is still existing.


"Under the arrangement, the government of President Buhari has pumped close to N2trn into the power sector to finance this kind of subsidy and at the end of the day that money has not translated to a single megawatt increase because it’s just financing consumption. We are just financing the failure of the power sector reform; that is how it is."

Meanwhile, SaharaReporters had reported that Usman Mohammed, during his tenure as Managing Director/Chief Executive Officer, Transmission Company of Nigeria in 2019, said that before the country can have stable electricity, grid power distribution companies have to recapitalise.


The electricity sector in Nigeria generates, transmits and distributes megawatts(MW) of electric power that is significantly less than what is needed to meet basic household and industrial needs.  

https://saharareporters.com/2023/01/08/why-obasanjo-yaradua-jonathan-buhari-administrations-could-not-provide-stable-power

Peter Obi just used Anambra State money to boost or set up his family members' businesses.

Sharp man! Tribalism will never let Igbos hold their leaders accountable.
Keep turning the searchlight on leaders of other geopolitical regions and ignore your own. You lot will continue to live with the result for centuries.

Your loss is other's gain

So because Peter Obi says he is this or that without providing any proof whatsoever, Nigerians should just believe him ba?
He is the one that wants to be president, the burden of proof rest upon him to provide verification for all these things but his stories are definitely not adding up.

Please let's leave tribalism and ask the right questions of our leaders. A man whose past his so shady should not be the president of this country...any country!

owobokiri:
Look for other areas to discredit Peter Obi. Forget about his business successes. Dude is a well raised trader who made the most of the good opportunities that came his way. Go to YouTube and search for his interviews on these.

Don't be a dumba.s
Anyone can write anything on the Internet, doesn't make it true.
Always demand proof or do your own independent research.

chuksbogus:
If you are not tribalistic , dull or just clout chasing this CV bellow is mind blowing.


He also attended Harvard business school, Boston, USA, where he did two programs (Mid to Mid Marketing)
London School of Economics (Financial Mgmt/Business Policy)
Columbia Business School, New York, U.S.A. (Marketing Management)
Institute for management development, Switzerland where he also got two certificates in Senior Executive Program and Break-Through Program for CEOs.
Kellogg Graduate School of Management, U.S.A. (Advanced Executive Program)
Kellogg School of Management U.S.A. (Global Advanced Mgmt Program)
Oxford University: Said Business School, (Advanced Mgmt& Leadership Program)
Cambridge University: George Business School (Advanced Leadership Program)

He has been chairman of these finacial institutions

Fidelity Bank
Board of Securities and Exchange Commission (SEC
Guardian Express Mortgage Bank, Ltd.
Future Views Securities, Ltd.
Paymaster Nigeria Plc.
Next International (Nigeria) Ltd
Guardian Express Bank Plc.
Chams Nigeria Plc.
Emerging Capital Ltd
Card Centre Plc.

Peter Obi said his father died during the Biafra war in 1968.
He has no university certificate. How did he become a bank chairman.

He owned a company in UK called Next International Ltd. The company was formed in May1996 but did not post any returns till Peter Obi became governor of Anambra. The company paid only the minimum £15 yearly claiming it made no profit.

https://find-and-update.company-information.service.gov.uk/company/03199858/officers

That's the link to the UK government Website of the company, make up your own mind.

owobokiri:
Peter Obi did not get into any bank board because of his father. His father was an ordinary trader in Onitsha. Peter Obi and his siblings took the family business up to greater levels and he has explained how he bought his way into the banks board. Stop hating.
Na you Sabi where you got this agbadorian tale

Peter Obi is a liar!

But he said his dad died in 1968 during the war. He is a drug dealer and a money launderer.
He claims his junior brother has exactly the same name as his father and was born in the same 1968 that his dad died.

So, these family he keeps talking about, who and who are the family members? It is only Peter Obi and his wife and children that we know

Ademola Adegoroye.
Unbelievable! Unscrupulous character.

Makowonda:
Who replaced Amaechi as the Federal Minister of Transportation?Abi we no need person there again for the remaining part of this administration?

Who doesn't like good things!
Everyone will be happy and satisfied to have caught a "mugu" for life

Aufbauh:
It's from this Rita Dominic's wedding that i concluded that every woman regardless of the age & class is excited about marriage.
Forget their depositions towards it when they're single.

My late Mom swears by it. She saw a male and a female by the Riverside in her youth. She didn't even know what it was when she first saw the female come out of the water and later the male came out and joined her. She said she was rooted to the spot. They came to the shore to play and returned. She told this story too many times.

PS ... Not once in my life did I ever hear my Mom utter a lie or support a lie. I believe Mermaids and Mermans exist/existed.

When the s.it hits the fan, men shouldn't come and start whining o!
Black men and their constant need to denigrate their women and using slut shaming terms will have consequencial and negative effects sooner or later.

This guy needs to stop this attention seeking. It's getting tiresome.

I guess his music is no more making waves.
He is also showing classical signs of depression. I hope he doesn't unravel like DJ Cuppy.
MODIFIED
Black man and buy, buy , buy mentality. Buying foreign made goods to show off to your country men. No investment whatsoever. When the funds dry up now...

M

First to do no dey pain!!!!!!

Oga get better educated.
All those places you named are under British rule and control.
It is still British companies enabling the stash.

grandstar:
I doubt Germany has a cent of illegal stash and its prosperous.

If the stolen money in Western banks is returned, it would little or no damage to their economies.

Also, nowadays a lot of the stolen cash is in the carribean like Panama, Cayman Island, the Bahamas and so on.

Best explanation so far

2016easy2017:
Let me explain or simplify.

Russia made proposed payment for debt funds long before the war( like issuing a postdated cheque) but it was unknown to bond share owners. Russia knew that was gonna happen. So, it got the bond liabilities on the bond share holder countries and individuals of which Westerners Carr the most. So what the US and the west sanctioned is actually the dividends belonging to the bond share holders. Though some portion belongs to Russia but it's negligible

Get it right.
Russia is not banking with the US. The US technically owes Russia money through US bonds.
It's like me owing you money and them you say because I beat my wife, you are not going to pay me.
Meanwhile I have given a bank cheque (draft) to my debtors and you are the MD of my bank.
I will just tell my debtors to still cash the cheque I have them shikena.

Now it is between you and my debtors, no longer my concern.

HitRun:
From your submission, there are two different scenarios here. Russia can go to arbitration to challenge the freezing of their funds. But their obligations to their lenders have nothing to do with their accounts. You owe a lender, you pay. The lender is not interested in whether you are having challenges with your accounts or not. You have a problem with your account, go solve it; it is not your lender’s problem.

US is NOT
like CBN

Sanchez01:
You can't supposedly make a payment from a frozen asset. It's like owing and then the bank, CBN or EFCC had already frozen your account but then you tell your debtor "I have the money but can't touch it because it is frozen. However, I have written a cheque, now it is up to the CBN or EFCC (to unfreeze my account in order for my debt to be made) and they should be held responsible if my debt is not cleared."

I don't understand how these Russians think or do things.

They have just started

Stop being emotional.

Peaceworld:
Putin is a war criminal. The Russian economy will collapse then his eyes go clear. It will be worse than when the USSR collapsed.

It's a two way street. Both will lose.
The western companies will lose a lot since they have invested much.
Russians will take over the companies or sell them to China and India ( who by the way have already indicated interest).

franchasng:
Don't mind them, Russia have lost the war already whether they stop now or continue.


There is mass unemployment waiting in Russia.


More than 100 world class companies that employed over 1,000,000 Russians in direct employment have shutdown operations in Russia in the last 3 weeks and this alone means loss of revenue for Russia.


Soon unemployment will start biting hard in Russia. They will drink their oil and gas soon. They are relying on China, I laugh them, time will open their wicked eyes.


Putin have used his foolishness to awaken European countries to start looking for alternative source of energy, and if eventually, Germany and France finds alternatives, Russia is dead economically because Germany is the highest consumer of their energy.



Putin's senseless invasion have also awakened EU nations and more on the need to revive their military and their defense systems, and with this, in next 5 to 10 years, Germany, Japan, etc will become badass nations just like they were during world war II.




Foolish Putin, he will live to reget his heartless action

Bros, Russia is not Nigeria o!

danngnews:
Story, Who told you sanctions have finished? Am not sure you understand how sanctions work.

Militarily, Russia might be a match for the west, but when it comes to economic warfare like sanctions, Russia stands no chance. There are many sanctions that can still be applied, but you might be mindful of how it affects the ordinary innocent people in Russia.

I hope you know that the foreign companies leaving Russia because of these sanctions employed millions of Russian citizens, and as they go, so also their Russian workers become jobless. This is not the intention of those that place the sanctions.

The lifeline of Russia is its oil and gas, once that is restricted, it's all over for Putin, the only fear is what will he do then? Mind you he has got lots of Nuclear warheads.

Me too!

They have managed to turn Putin into a superstar and action guy. You should see all the TikTok videos in favour of Putin versus all the ones making fun of sleepy Joe

Men... people are brutal!!

NOETHNICITY:
If am asked, between Biden and Putin which would I prefer as my role model in term of disposition, I would say an unequivocal Putin.
I love the way Putin just dey ignore Biden they do e thing dey go sharply

You gerrit!

Putin is really frustrating the guy!
He is always one step ahead of them.

Mccullum:
This is frustration from Biden,

Call your Puppet to do the needful,

The way Trump called Libyan general Khalifa Haftar to stop the civil war in Libya after Ghadafi was killed.

This verbal attacks can't solve the problem...

Ukraine shouldn't be the theatre of war because of NATO eastward expansion aims and objectives..

Let peace reign please, world leaders suppose to think for prosperity of the earth, no its destructions.