₦airaland Forum

masseratti:
oga all banks were owned either by regional governments or federal governments, Barclay's bank, now union bank was never owned by any Yoruba man but by FG until recently its shares like that of 1st bank was sold to the public in 2000s.stop lying go and read your book, the archives are there.

I hate blind argument. I know you guys are just arguing blindly because the truth is too bitter to accept, especially to people who lacks the maturity that comes with honesty.

Pls go through the excerpt I attached below, it is a New York Times publication that was released in the 1970's.

From the above excerpt, one can easily deduce that Citibank was one of the biggest banks operating in Nigeria and the American owners refused to accept the dictates of the Indignization decree and they left Nigeria. Some too like them left while others complied.

The truth shall set you free, kindly accept it and stop arguing blindly.

Eriksson:
Don't mind that bunch of liars.

The same WEMA bank, Agbonmagbe?

So many companies and brands were mentioned so why pick out only one?
What about former Barclays Bank and several others?

Eriksson:
Nothing prestigious in being a lapdog of the white man and betraying your own people. That's why it was only in the east we had warrant chiefs who became to Ezes and Obis of today.

And till tomorrow the most irresponsible traditional rulers are the Ezes of ala Igbo. Till tomorrow.

Were the British not the ones ruling Nigeria then? If it wasn't demeaning for them to be ruling Nigeria, then why should it be demeaning for the people to work as interpreters or Messengers even when they will be well paid for it?

The East having warrant cheifs or indirect rule is just a mode of government the British worked with based on the fact that Igbos are republican in nature.

This thread has revealed some bitter truths and it's quite pathetic how my Yoruba compatriots are running around like headless chickens.

Instead of countering these facts with superior facts or logics they're now resorting to emotional vituperations. SMH.

masseratti:
I don't have the time to be stating you the author blatant lies, 1st you said the indigenization decree was 1972 right? Are you aware Awolowo resigned as finance minister in 1971? You said wema bank was owned by the British how? When, I can count five companies you stated that were founded by Nigerian not foreigners.

Stop lying to your kids against people who did nothing wrong to you, its on records that yorubas kept your fathers houses for you in lagos, ogún and Ibadan after the Civil war, dont repay good with evil the Bible preached against it, try and make heaven, even the Bible you read in your language was written by a yoruba man.

So all you could come up with is the emotional drivels??
Go and read about the Indignization decree and facts surrounding it then come back and quote me.

Meanwhile look at the attached file for some heads up.

Eriksson:
Drugs and Rituals bro...Drugs and Rituals are the secret

No need to marvel at any goddamned 'rate of recovery'

It is on record which people started drug pushing in Nigeria.
It is also on record which region is Nigeria's ritual capital. So, if rituals can make a people rich and developed, then your cities and towns won't be so rustic and filled with brown roofs

Eriksson:
I thought Yoruba did not dominate the banks till after indigenization? So how were they able to do as you claimed up there?

Go back to the first page and read up before you start asking me JAMB questions.

Awolowo was the finance minister and defacto vice president at that point in time. He cunningly and hurriedly pushed for the Indignization decree to hand over the British companies to his people before Igbos will recover. Have you forgotten that Igbos were only given 20 pounds or so regardless of thousands or millions they may have had in their accounts prior to the war.

The positions Igbos were occupying in these banks or other strategic companies before the war were handed over to the Yorubas. So, how do you expect people who now had 20 pounds at most or lacked good positions in the corporate affairs of Nigeria to be involved in the process??

horsepower102:
I am an Igbo man yet I marvel at the rate of recovery that the igbo people made after the war despite all the evil limiting policies against them. Now imagine how those who actually created those policies feel. They are angry and extremely disappointed that their plans didnt work out the way they hoped. If anything, it backfired,

If foreigner who does not know Nigeria's history is asked to guess where the devastating civil war was fought based on how the cities and rural areas of each region looks like, the last region such person will point at is SE. They will either say it is the North or SW for obvious reasons.

Aside federal government infrastructure like roads, bridges and other amenities, our cities and rural areas still beat that of any other region in Nigeria! In essence, the war was fought in the East but the after effects is being felt in the regions that didn't withness any war

horsepower102:
SMFH are you for real? Ok believe whatever you choose to believe. There is no point debating with a delusional person.

I simply ignored him because he was speaking out of emotion without any fact, sense or logic. Those ones are better left to wallow in their ignorance

horsepower102:
A study from one of America’s prestigious university (I forgot the name) in the 60s showed that the eastern Region was the fastest growing region in the world before the uncivil war. This is on record.

Also have you notice something. Whenever an outside organization comes to Nigeria to assess the situation, the East tends to do great on statistics but the statistics from Nigeria always show the opposite.

Yes, I have seen similar records of indices on human capital development prior to the civil war, and the East was tops.

If the economy was handed to the Igbos, instead of them, Nigeria wouldn't have been in this mess it has found itself.

Most progressive countries only use their best brains regardless of who or where the person came from. This is a policy America applied that helped them to become great. However, when it comes to Nigeria, a person's place of birth takes preeminence over competence.

Is it not mind boggling that despite all the unfair advantages and headstarts they have over Igbos including the devastating war that brought Igbos to their knees, the same Igbos have able to squeeze out wealth from the proverbial stone. In about 5 decades, we were able to overcome the handicap and odds they used and still using to hold us down.

Igbos have succeeded in clawing themselves back to the top of the food by sheer dint of hardwork and perseverance and are now running neck to neck with them and even ahead in some areas.

In trying to keep Igbos down, Nigeria shot itself at the foot. A classic example of cutting one's nose to spite his face

Difrent:
which merit? its not merit but because the ibos were mostly servants and messengers to the British they could speak passable pidgin english thats why the british employed them to fill administrative and public service vacancies which is no big deal.....lots of people are trooping to asia and eastern europe to teach english language are you saying its competence thats driving that? No its demand and supply thats why when the Northern elites led by Ahmadu bello felt they have people to fill those vacancies, the only reasonable thing to do is to fill them with indegenes and excuse the ibos.....thsi of course did not go down well with the ibos thats why they were reported to be jubilating the death of Ahmadu Bello in the hands of young ibo soldiers who had the backing of the igbo elites in the east, an action that fuelled public anger against the ibos in the north leading to the civil war .......im sure you will say its Awolowo that made Zik to be fighting for the control of western Nigeria, Typical of the greedy ibo man, your Political leaders want to control the western and eastern regions and when that failed they instigated their young ones in the army to plan a coup......they got trashed both ways..................i really understand the anger of the young ibo, but your enemy are your leaders and not leaders of other tribes.........it can really be painful being a member of a tribe whose name is so blemished ,no one trusts and worthless politically, i mean Buhari has proved that anyone can become president without ibo votes . PELE

Lol, funny people. At the first bold part, your assertion is quite ridiculous to say the least. Do you even know that during colonial times, most Nigerians were just illiterate farmers, hunters, petty traders and other basic vocations. So anyone who was working with the British either as Messengers or interpreters were relatively highly regarded. These were highly sought after jobs but the British would only employ those that are competent which made most of those jobs to be taken by Igbos. These set of people will eventually form bulk of the elite and their children ended up being educated and enlightened.

The second bold part is another indictment on Awolowo. Ziks party, the NCNC won a majority in the Western region. Zik as the leader of the party was naturally expected to become the premier of the Western region. Remember that at this same period in the East, an Ibibio man, I think his name is Eyo Ita, was also about to become the premier of Eastern region where Igbos are the overwhelming majority. What did Awo did? Instead of accepting that his party did not win enough seats for him to be the premier of Western region, he resorted to tribalism. This was actually how tribalism and ethnocentrism became a major criteria for one to qualify for any political position. Awo called a meeting of his people and told them that Zik is omo Igbo and shouldn't be allowed to become their premier. This was how the infamous cross-carpeting of Yoruba NCNC to AG occurred. If Zik was allowed to become the Western premier and Eyo Ita as premier of Eastern region, today, all these tribalism that has rubbished our claim as a nation wouldn't have taken hold.

Lastly, you said that Buhari has shown that anyone can become president without Igbo support. Well, yes, I agree with you but also remember that anyone can become president without Yoruba support. All the North needs to do to win any election is to either team up with Igbos or Yorubas. So, your point here too is baseless.

horsepower102:
"I believe that the question that the benign ignorant should be asking going forward is what did Yoruba do with all these assets and corporations that they stole. How did the country fair under the Yoruba management of the Nigerian economy? How did the Yoruba managed economy relate to today’s economic malaise? Hope they can make the connections......"


Great question. I have asked them similar questions in the past.

They're obviously not good managers. People that has owambe and Jaye-Jaye attitude to life can't possibly be good managers. It becomes worse when such a person or people are giving big businesses and companies to manage at short notice.

It will definitely go downhill and that's what happened when Awo handed them all those companies on a platter of gold.

How can you give such person loan and still ask him to use the same loan to buy huge companies he obviously can't run efficiently?

Remember that Nigeria was at par with many of the Asian countries then. After that Indignization decree of 1972, the foundation of our economy was destroyed and we never recovered from it because it was structural. On the other hand, most of those Asian countries are economic Giants today.

This can't be happening

saaron:
Hausa-Fulani = Taqiyya (Lies and Deception).
The term hausa-fulani is just a political term developed by fulanis to promote fulani agenda over Hausa people. The very people they claimed are one with them.
A foreigner and independent observer studying hausas and fulanis will immediately notice huge differences between the two. Study both of them and you will see big economic and social development gaps between them. While the hausas live in poverty based on hand to mouth, their fulani rulers live in riches and wealth. Why the huge economic difference between hausas and fulanis? How come one is living in wealth while the other live like beggers in their own land?
The claim that Hausas and fulanis are one becomes even more ridiculous when you consider political offices and govt appointments. Top positions in Northern Nigeria such as emirs, ministers, govs, etc are exclusive reserves for fulanis. If fulanis and hausas and one, how come there are no hausa emirs? If hausa and fulani are one via religion, how come all the people that occupied the caliphate seat in sokoto are fulanis? Are hausa people who happens to be the majority in the North not good enough to become Sultans in their own land? Your guess is as good as mine.
The same situation persist in human development. While fulani apartheid rulers ruling over hausas send their children to the best schools abroad, with jobs waiting for them to occupy via quota system whether they're qualified or not upon their return, the majority of Hausa population are left to wallow in mass illiteracy and abject poverty. Nigeria didn't become world poverty capital by accident. Nigeria became poverty no thanks to the calculated plot by fulanis to keep Northern Nigeria and majority of Hausa population in economic poverty for easy manipulation and control. Who are these northern beggers roaming every corner of Nigeria almost becoming a menace with many deported? Are they not Hausa people?
Every negative indices like sickness and diseases - (polio,VVF) child deaths, hunger, poverty, illiteracy, etc in Northern Nigeria traces back to hausas. If hausas and fulanis are truely one as their fifth columnist want us to believe, Hausas won't be bearing all the negative economic indices in Nigeria. Fulani northern rulers and elites live in opulence and wealth while their subjects (Hausa slaves) live in chronic poverty. And they say Hausa and fulani are one?
What about insecurity? The Hausas themselves are not spared from genocidal activities of fulani terrorist. Who are those being slaughtered in their numbers in Zamfara, Katsina, Sokoto, Bauchi, Yobe, etc? Are they not Hausa farmers?
What about religious freedom? Are hausas not currently being persecuted and murdered in cool blood because of their religious beliefs - case in point: Shia, Traditionalist, and Atheist?
Hausa fulani indeed. What a deception.
The day is coming very soon when the hausas will rise and end fulani apartheid over Hausa land in Northern Nigeria.

DISINTEGRATION OF NIGERIA WILL SAVE MILLIONS OF LIVES FROM STATE SPONSORED TERRORISM! SUPPORT IT.

Flesh and blood did not reveal this to you!!

You're 100% factual, thread closed

Look at this desperate theif. Nonsense!!

aribisala0:
Historical and ancient bitterness based on lies.

The indiginenization decree is nothing to do with Awo who tendered his resignation letter in 1970 immediately after the war and left Gowon's government early in 1971. Shagari was finance minister in 1972

These folk always like playing victim


In 1979 they had already produced Vice President 9 years after the war.

Why always playing victim

What is this one talking about?!

At independence, while Zik was nationalistic, Awolowo and Ahmadu Bello on their own part were ethnocentrists who didn't believe in Nigeria.
Igbos have continued to help build Nigeria on their sweat and blood yet it's these same people that don't even want this country to progress that turn around and accuse Igbos of not believing in Nigeria.

Dishonest people everywhere!!

They won't move this educative thread to the front page so that ignorant Nigerians will understand how they ended up in such misery they found themselves simply because it exposed how they destroyed but if it were to be a thread that puts Igbos in bad light, you will see it on front page.

No be small thing o

Rugaria:
A Yoruba minister during the Obasanjo regime(I think it was the dead former governor whose casket was involved in a plane crash) publicly scolded Bola ige for trying to over do it..... According to him, they were called to "come and chop"! That more or less explains everything about the mentality of the people biulding a common country with you.

Nigerians are not even understanding what is currently going on in the country.
There is clear evidence to show that this country is approaching its end unless something decisive and radically different is done.

Firstly, the NE has collapsed, and the NW is following the same part, and afterwards would be NC.

In the South, 90% of our top intellectuals have either ran away from Nigeria or are working towards leaving.

Nigeria is now being run on Chinese loans, and there is no end to the borrowing spree.

All the refineries are not working but billions of naira are being budgeted and spent on them.

Power supply is still hovers around a measly 5000 megawatts for 200 million people.

We are already the world's poverty capital i.e. we are at the rock bottom, yet same poverty is now growing at an alarming rate never seen before.

Anyone who is not afraid about the scary future of this country is living in a fool's paradise.

Rugaria:
The oil majors then , especially shell provided the funds for that war totally. You must have read some of them here gloating that awolowo prosecuted the war in biafra without borrowing a dime as if he was an oracle. The fact is that Shell and co financed the war after a confused Borro helped adekunle to take over Bonny oil facilities. Even the embargo against biafra was done with British facilities. Tht was how they were able to be shooting down red Cross planes. Up till today Nigeria is till paying Britain/foreign oil companies for sponsoring that war. Noticed buhari heading to London after every election nomination? . Tht is how Nigeria became the only major oil exporting country that depends almost entirely on foreign majors for oil exploration.

Even as we speak, there are no meters in major offshore oil facilities. The oil majors suck as much as they want , then will inform Nigeria how much they exported! This has been the case since eons! Even the justice Irekefe panel that probed buhari/Obasanjo in the early 80 about the missing NNPC billions and gave them a soft landing, lamented about this. Yet, nothing was done because to an average politician from the north and west of Nigeria, there is a well grounded understanding that without those oil majors, they would have never had the resources to finance that war.

Nigeria's disastrous fall began in 1972. The so-called fathers of Nigeria were ethnocentrists who didn't have the country at heart except whatever they could milk from it.

In the real sense, it is even Igbos that actually believed in Nigeria and even still do. While Igbos are committed to it, the others are only after what they could milk from it not minding the effects on the country at large.

The rot in Nigeria today is a manifestation of years and decades of economic strangulation by the North and West.

helinues:
Gowon was a figure head but he declared the war on Eastern region.. Abi na Awolowo declared the war?

You people should try and reason your argument before presenting it..

Some of you talk like children sometimes.
Why is it so difficult for you understand something that is so clear?

The initial standoff leading to the war was between the East and North. Mind you that at same period Awolowo did not believe in Nigeria, he actually believed and wanted Oduduwa republic.

Now the question is, what made him to discard the idea of Oduduwa and accept Nigeria?

The North was already Igbophobic and through Ahmadu Bello we're wary of the more enterprising Igbos they feared would dominate them.

The idea was that policies that will ensure Igbos never rise again to be in the position to dominate them would be supported.

Now, with such general mindset, do you think the North will object to Awolowo's idea of Indignization policy? Considering it would achieve two things i.e. perpetually keeping Igbos down and out while giving Awolowo and his people their own share of the spoils of war, since the North has achieved their aim and taken their own share?

gwafaeziokwu:
Nna m. Fire on.

These guys stamped their wasteful culture on the economy of this nation and it is yet to recover. Stolen things are difficult to manage because you did not sweat for it.

The bold part is normal karmic law.

Anybody with an average IQ will know that the evil Indignization decree was fishy.

Look at these facts:

Britain helped Nigeria to fight a crucial war.

Nigeria at that point was not in any position to successfully take over and run those companies efficiently.

The war just ended two years earlier and there were several issues that needed to be tackled then.

Yet, despite all these, they hurriedly pushed for a devious Indigenous Decree within a very short time.

Rugaria:
Thanks a bunch for taking out time to educate a lot of the indomie generation about this... This is why I I get upset when some clever people try to lump everybody together as being responsible for nigerias messy situation. No. A particular group of people are. Since 1966, the Yorubas and their comrades the Hausa fulani have been responsible for driving the course of governance in this country.., only recruiting willing political mercenary from other groups while doing away with anyone with contrary views.. They ran everything down including the NNPC! That's right, NNPC, Nigerias oil Monopoly declared bankrupt at a stage.. Very vain group of people who are ready to loot everything in sight just to buy houses in London and bloclk streets for endless strings owambe show..

It was the worst heist to be pulled off in history. Unfortunately, it is the present 200 million frustrated Nigerians that are currently paying the price.

Ask them why Nigerians excel when they go abroad only to fail woefully at home.

Ask them why everything, I mean every single area of our economy was rundown ruthlessly and nothing, absolutely nothing is working!

Ask them why we have ended up as the world's poverty capital despite the enormous resources at our disposal!

Simple, all these chaos were a direct result of the criminal Indignization decree of 1972. That was the point the foundation of Nigeria's economy was destroyed and everything nosedived!!

helinues:
Who told him, Awolowo?

The point there is to let you know that Gowon was a figure head who did not have a mind of his own.

He was just a young man who was overwhelmed by the events happening in quick succession. He willingly did things he was influenced to do by others.

Igbochief001:
Lol awo was more than a finance minister .....gowon relied on him completely for advice ....

Anyhow Sha today how far ? ...Igbo man is the chairman of uac ....most of the rest done fold ...houses sold to igbos. ...next 50 years go funny Sha

The funny thing is that most of those companies they cunningly took over are now either rundown or now has a good percentage of Igbos in its board.

solmusdesigns:
Lol

You lots are just revealing yourself more and more to over 300 tribes of Nigerians and they would judge you accordingly with all your propaganda because must understand the history and laugh at your sneaky attempt of rewriting history

An Average Hausa Fulani teenagers knows who whipped Sarduna and his last wife in cold blood , same as Ogbomosho people knows how Samuel Ladoke Akintola was murdered, all Ijaw people know how Ojukwu ended Major Isaac Adaka Boro ended


.

Lol, you guys are so ridiculous. Look at the rubbish you wrote above?!

I have been waiting for you all to counter these facts with superior arguments yet all you spew are emotional drivels and slander.

People who lack facts always resort to insults and vacous attempts at blackmail.

I believe that same Nigerians you are goading have educated and intelligent ones that can tell the truth when presented with facts.

solmusdesigns:
Each decree was signed to law by signature of the commander in chief... Kindly show us any decree or Constitutional law Chief Awolowo signed into law regarding all you accused him of

Give Nigerians reading your hateful propaganda facts

Any fool can write a story to distort facts but intelligent people ask for proof


.

Yes, truth is bitter but we can't stop saying it because you guys don't like hearing it.

Gowon was just a young figure head leader who was easily influenced. He also went to Aburi, Ghana and accepted a truce with Ojukwu but when he returned to Nigeria, they told him that Aburi is not acceptable and it was discarded.

The North had very little educated class as at then and were only desperate to be in control of the army and politics, and happily granted Awolowo his wish through the unfortunate Indignization decree as their own spoils of war.

I have given you the facts, it is now up to you that is calling it propaganda to disprove it.

solmusdesigns:
Yes oo 50 years after SouthEast is the poorest region in southern Nigeria while Southwest is the richest

Ibos open hundreds of threads daily on Yoruba , Awolowo, Tinubu , Lagos, Osinbajo and Marginalisation which Omoluabis simply mind their business and develop

Whether you like it or not, we will not stop revisiting history and how Nigeria was destroyed.

You should be asking yourself why and how we ended up as the poverty capital of the world despite the enormous resources at our disposal.

BTW, Igbos have succeeded in clawing themselves back to the top of the food chain. I don't think there is any ethnic group doing better than us at the moment.

solmusdesigns:




Ibo baseless propaganda to attack Yoruba while claiming victims

Awolowo a Minister of Finance had no power to Issue decrees unbehalf of General Yakubu Gowon the Head of State, infact as much as it was a dictatorship General Yakubu never took decision or issue decree outside the Supreme Military Council


.

There is a difference between propaganda and historical facts that can be easily verified by anyone. Granted that teaching of history was abolished in Nigeria, but we are in the information age and facts can be easily cross-checked.

Awolowo was not just a finance minister, he was the defacto vice president.

He was cunning too, and while the North were only determined to be in control of Nigeria politically and militarily, it left the economy in Awolowo's hands and he was able to railroad Nigeria into that unfortunate Indignization decree of 1972.

Here are some of the companies the British either owned completely or partially before the 1972 Indignization decree

Pharmaceutical Nigeria Plc ,May and Baker Nigeria Plc, Vitafoam Nigeria Plc, Wahum Nigeria Limited ,CAP Nigeria Plc , International Paints of West Africa [IPWA], Berger Paints Nigeria Plc, Berec Nigeria Limited, Kabelmetal, Nigeria Bottling Company Plc, Leventis Nigeria Plc ,West African Portland Cement Company,[Lafarge ],Wema Bank Nigeria Plc, Scoa Nigeria Plc ,CFAO Nigeria Plc, Cadbury Nigeria Plc, Livestock Feeds Nigeria Plc , Nigerian Breweries Plc, new Nigerian Bank, Batta, Kingsway Stores, Crittal Hope (Nigeria) Limited, Mushin, Lagos State. Dunlop (Nig.) Industries Plc, Ikeja, Lagos State. Galvanising Industries Limited, Ikeja, Lagos State. Nigeria Construction & Water Resources Development Company Limited, Ibadan, Oyo State Nigerian Wire & Cable Plc, Ibadan, Oyo State Nigerite PLC, Ikeja, Lagos State Nipol Limited, Ibadan, Oyo State Odu’a Textile Industries Limited, Ado-Ekiti, Ekiti State Soleh Boneh Overseas (Nigeria) Limited, Ibadan, Oyo State Vono Products Plc, Mushin, Lagos West African Portland Cement Plc, Ikeja, Lagos State Great Nigeria Insurance PLC, Ikoyi, Lagos State Glanvill Enthoven & Company Limited ◦Guinness (Nig.) Plc, Ikeja, Lagos State. ◦International Breweries Plc, Ilesa, Osun State. ◦Macmillian Publishers (Nig) Limited, Ilupeju, Lagos ◦Nestle Food (Nig) Plc, Ikeja, Lagos State ◦Nidogas Company Limited, Lagos State ◦Niger Mills Company Limited, Calabar, Cross River State ◦Nigerian Aluminium Extrusions Limited, Lagos ◦SKG-Pharma (Nig.) Limited, Lagos ◦Tower Aluminium (Nig.) Plc, Lagos ◦U. A. C. of Nigeria Plc., Lagos etc.

Credit

-FREDRICK ONWUMBIKO

helinues:
Mtcheeew..

Na copy and paste from Upper Iweka writer...

Summarize the damn epistle and let's argue about it

Of course, I'm not the author and I will give full credit to him once I'm done pasting the historical masterpiece.

Be patient please.