₦airaland Forum

helinues:
Still searching for the headline in the body of the news

Be patient, you will get the full memo.

Nigerians really need to understand how we ended in such unenviable palous state.

It's a really sad story but we need to hear it and hopefully make amends.

The story went like this, before the war the Igbo dominated the economic work force followed by the Yoruba, when the civil war started, Igbo, for their safety left their jobs in different parts of the country to return to the East, the Igbo land. After the end of the war, the Igbo went back to seek for their jobs that they left for security reasons, the Yoruba who took advantage and occupied the positions that Igbo left decided that they will not relinquish those position because according to the Yoruba, Igbo abandoned their positions and do not deserve their position back, reminiscent of the abandon property thievery in Port Harcourt River State and Lagos.

However, a dynamic developed as Igbo every morning dressed up and went and occupied the lobbies of their different offices that they used to work in. Tell me, if this is not manifest bravery of the highest order ever exhibited by any group in Nigeria and we are talking about days and weeks immediately after the war was declared over. But the final say as to whether or not the positions that Ibo left for dire life was going to be declared abandoned rested on the British that owned these companies.

As the back and forth went on, the British started angling to make an economic decision because they understood the difference between the Ibo worker and the Yoruba worker and the three years of the civil war made that difference even more crystal clear to the British, if not, why would the British bother to accommodate the Igbo after such a long time? What became clear to the Yoruba was that the British were willing to make extra provision to re-absorb the Igbo any way possible.

Yoruba was not ready to tolerate any of that because they knew that it was a matter of time before the wheat will be separated from the shaft that Igbo will assume their prominent positions. In order to prevent the British from re-absorbing the Igbo into these British owned companies, the corporate Yoruba decided to solicit the help of Awolowo who was then the finance minister and chairman of the federal military council.
This is where a plan was hashed to wrest the control of these companies, consisting of banks, insurance companies, corporations of different kinds and types from the British.

The best way Awo and his cabal found fit was to convince Gowon and the military leadership who in all probability have never had the word indigenization in their lives to promulgate the INDIGENIZATION DECREE in 1972 that stipulated that every foreign owned venture must transfer majority ownership to Nigerian indigenes within a year of the promulgation of the decree or they will forfeit the assets of the company to the Nigerian government. (Emphasis within a year) As expected, the British were caught off guard, not understanding the motive behind the policy, the British thought it was a dream or a joke that will go away, particularly given the fact that they just won the war against the Igbo for the Yoruba and Hausa.

After exhausting six months out of the one year in their bid to reverse the decree, the British became frantic and concluded that they could not reverse the decree and went about trying to salvage whatever they could. What was worse was that the British did not even have enough time to evaluate the worth of their ventures because of the limited time the decree allowed, courtesy of Awo and cabal. The situation gave chaos a new name because the British were in chaos. So the first problem the British ran into was limited time that they couldn’t figure what the value of majority of their ventures were, they could not tell how much to sell them for.

Mind you that this was happening within a year after the end of the civil war. At this time the Yoruba was running every conceivable federal ministries, departments and agencies plus all the corporations listed above and more that the British owned. It is important to point out that the North had little or no presence in the commerce economy of the country before the war and after the war except in the military leadership and infantry.

The economy of the country was dominated by Igbo first and Yoruba second before the war. In order to solidify the economic dominance that the Yoruba attained during and after the war and to make their position even more potent in acquiring the British spoils, Awo as the finance minister and chairman of the federal military council and his Yoruba cabal decided to economically emasculate the Igbo understanding


a) That Yoruba was fully running every conceivable federal parastatal
b) That Yoruba was running every conceivable corporation that the British owned or had majority ownership as listed above.
c) That Yoruba was managing all the Nigerian banks, insurance corporations, National shipping line, Nigerian airways, Nigerian’s Ports authority, Nigerian Railways and all the ministries, Departments and Agencies conceivable.
Decided to destroy whatever was left of the Igbo and putting a finishing touch to it by
a) Stealing through confiscating all the millions of pounds that Igbo had in all the Nigerian banks
b) Offering every Igbo person £20 pounds regardless of how many millions they had in the Nigerian banks before the war.
c) Militarizing every part of Igbo land.
d) Rendering every Igbo without exception a pauper.
e) Banning every importation of stock fish and used clothes to deprive the Igbo of any economic ability to compete with the Yoruba in buying into the British assets.

[img]http://junglejournalist.files./2012/10/lagos11.jpg?w=630[/img]

When that day of infamy arrived for the British to start selling their assets, Igbo having been disenfranchised and emasculated in any and every way stood on the sideline watching the Yoruba in their glee as they scrambled to obtain loans from their Yoruba dominated banks to make the most minimal of offers to the British as there were no competitions. The British had no choice but to accept any offer as the alternative was losing everything to the federal government.

The British lost pretty much all their investment to the Yoruba whose stock in trade is robbing and stealing any and everything they can get their hands on. Thousands of Yoruba became millionaires overnight and there was jubilation and owanbe all over Yoruba land. Yoruba had parties day and night and weekends. They closed streets to display their new found wealth as they partied. That day marked the economic death of Nigeria, that day marked the death of Nigerian’s aspiration to join the civilized world.

The implication was enormous and it sent a shock wave throughout the Igbo land, It was a dark history day, it was a day of manifest wickedness and viciousness, Igbo was dumbfounded, the days that followed were days of economic, social and psychological morose and confusion that are still lingering today within the Igbo. It might be hard to accept but Awo got the Igbo good and the country as well, he brought the Igbo to his knees economically at least temporarily and Igbo has never recovered from that one blow seven akpus in any appreciable way but Nigeria as whole is worse off for it. I believe that what was more devastating was that Ibo had no place or body to turn to. To be blunt, Awo decapitated the Igbo leadership and threw Igbo into great confusion.

It is important to note that by this singular act of INDIGENIZATION DECREE engineered by the Yoruba, the Yoruba de facto constituted the new economic foundation, the sole owner and manager of Nigerian economy without any rivals. So, for those that have wondered why Igbo became traders, this is the why. The Yoruba will not let any Igbo near the management of any of these stolen corporations, will not let Igbo buy any shares of these corporations for decades following the heist.

Now, some people without the capacity to comprehend the full seismic implication of this economic shift and restructuring will want us to believe that this does not matter and I will beg to disagree because it is like everything else, the foundation of everything matters and determines the success or failure, be it a house or business. As time has revealed, Yoruba stealing and forming the economic foundation for Nigeria was a bad idea and a monumental disaster.

For the ignorants, all things being equal (in a fair fight) the Yoruba knew it, the British knew it, the Igbo knew it and the world knew it that the Yoruba did not possess the capacity, creativity, drive, perseverance, hard work and the competence to do what some are crediting to it if they did not conspire to steal not only from the British and Igbo but from everybody else that had any assets in Nigeria.

The apparent dominant control the Yoruba has on the economy since after the war was not out of great honest smartness or creativity or innovation or hard work or competence but out of share robbery of the British and Igbo sweat and hard work. 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......

It is no more news worthy to point out that before the civil war that Igbo out of their capacity for honesty, to work hard, to produce, to innovate, to manage, create and persevere were able to penetrate all facets of Nigerian endeavor, when the British used merit as a yard stick. It is an irrefragable fact that even Yoruba would not dare challenge that fact, if not, what started the Yoruba hate, envy and jealousy against the Ibo in the first place, Yoruba and Hausa claimed that Ibo was dominating everything in the country but what they will not acknowledge publicly was the fact that the British were making the decisions about who to hire by their own standard and not by Igbo standard and that Igbo was good at what they did and better than them. The Yoruba and Hausa wanted not only equal opportunity they also wanted equal outcome regardless of effort and everyone knows that that is impossible.

There is one very important fact in my analysis that I want everyone to get, and that is that before the civil war, Nigeria as a nation did not have an economy of its own. Let me say it again, that Nigeria as a nation before the British/Biafran civil war did not have an economy of its own. I emphasized that point in other to say that whatever seemed like Nigerian economy were British owned. Put differently, if you excluded few of the regional cooperatives and some joint ventures businesses which were mostly British engineered to make buying raw materials easy for the British, every other aspect of the economy were owned majorly by the British, even the military, given the fact that almost every military supply came from Britain. It is then safe to say that British investment in Nigeria amounted to a great totality of Nigerian economy or that Nigerian economy was at that time synonymous to the total investment of the British....

There is no doubt that most people, particularly those that do not have either basic or international economics background are overwhelmed by the subject of INDIGENIZATION OF FOREIGN COMPANIES IN NIGERIA because of their inability to understand the economics of it and the efficacies to make the necessary connections and relate it to the present economic doldrums, some simply brush it aside or worse, simple minimize its far reaching implications particularly on the Igbo. In so doing, majority of us dabble into analysis of how terrible Igbo has managed their affairs since after the civil war, while leaving out a huge chunk of the elements that need to be factored into their analysis. The unspeakable effect of the policy of indigenization on the Nigerians was wicked and dastardly. The economic damage on the Igbo is impossible to calculate. The psychological toll on the Igbo is still reverberating amongst the Igbo today and creating identity crisis.


Some folks will argue that we should drop the subject because it happened forty years ago, which is equivalent to saying that because slavery, Jim Crow and the holocaust happened years ago, and for that reason, they have no relevance in today’s analysis. How can any credible analysis of American history not include slavery and its implications, or how can any Jewish history not include the Holocaust and its implications and effects, but that is what some folks want us to do, to avoid or forget one of the most devastating economic policies that changed the economic landmark of Nigeria, second to the genocide of more than three million Igbo committed by the same man, Awo, and still arrive at any meaningful analysis. I believe that the incredulity that any ethnic group is capable of visiting such devastation on another is still an obstacle that the subject is struggling against and must overcome. It is not that most people do not know what happened, it is simply that they do not want to believe that it happened because it is mind-bending. I also believe that if we do not tell the story over and over, the Yorubas will not tell and neither will the Hausa tell it, as a matter of fact they always wish that it will go away. So whether they like it or not, we must continue to broadcast what happened until people start to understand the effect of the policy not only on the Igbo but on the nation as a whole. Suffice to say that after Awo and the Yoruba succeeded in executing the indigenization decree and became overnight millionaires, many Igbo packed their bags and left Lagos to the East –ala Igbo, where they shortly died out of heart break because some of them also suffered the deprivation of their properties due to Abandon Property Policy in Lagos and Port Harcourt.

Mensamusa:
Walahi, we are already there.

Owerri is beautiful. The only problem we have are myopic governors that can't leverage the massive private investments in property and turn the city into another Abuja.

Build solid roads, cover the drains, put sidewalks, plant trees, flowers and grass, and paint road marks! That's all, and you will have a world class city!!

Lipscomb:
Use your brain this is not a novel this is btw life and death. Product of lazy youth Buhari is talking about. I'm expecting you guys to learn from Ajomonle predicaments but hell no. Although its Ajomonle today it could be you tomorrow.

I don't have time to read worthless rubbish. Tens of thousands of Nigerians have been going to the same US without issues, so what did he do that made them to chip him?

Drug pushers and fraudsters like IGBALODE Ramoni and his likes have done serious damage to innocent people. So save me the sob story!

IamWonderful:
[s]Baby factory people have come again, you should have read before commenting,[/s]

Continue supporting drug pushers. Children of fallen demons, they will push drugs but when they're caught and chipped, they start crying and playing victim.

Nonsense!!

But what did you do that made them put a chip on you? You can't tell me they picked you up for no reason and planted a chip on you.

Kenny242:
T

Hmnnn, so Nigerians visit porn sites this much yet we are the most religious country. What a contradiction?!

SmartPolician:
He won't

He's just a poor, angry farmer

He will be ignored

Haha, you know the drift. They will just ignore him.
He is already down and out, and has no 'life' in the real sense. That man has absolutely nothing to lose if they arrest him. He will even be better off because he will end up eating better food and enjoying better accommodation than what he is passing through.

Local man cannot can anymore.

Well, in 2015, I not only campaigned hysterically against this plague, I also endured some inconveniences in the process and equally voted against it on election day.

Same process repeated itself in 2019, but unfortunately, we the sane and reasonable Nigerians were outnumbered by the illiterates, the tribalists, the sadists and the fatalists who where bent on self destruction. We saw some of them walking from Kano to Lagos and Maiduguiri to Abuja for Buhari. Some even bathed in the gutter for Buhari And so many other stupid stunts.

If they claim to have been decieved in 2015, then what about 2019??

If the middle class can be having it this tough, then I wonder how those regions with 87% poverty rate and average of 12 children per household are surviving.

I don't feel any pity for them because they brought this calamity upon themselves. My happiness is that before we that warned against this plague will be hit hard, millions of those that brought us here in the first place will be in hell, sorry they're in hell already albeit figuratively

Sai barbarians

All I see are stupid suicidal men who disguised it

Lol, imagine kettle calling pot black. Wonders shall never end, Tinubu is calling GEJ corrupt.

Just like Satan calling someone evil

mamaafrik:
Do not believe them,they are shivering already like when they heard of Amotekun,they will fight to their last strength to make sure this doesn't materialize.
Have you noticed that Anytime North want to deal with you they will make it look like a family fight,rent a tribeman or Christian brother of yours as spokeperson to divide you like they are using Kalu and MURIC.

Breaking away from the typical Hausa-fulani hegemony that is making the Northern Nigeria look like one must be followed to the latter,they intentionally make them speak Hausa to make them look like one to outsiders,it is a master_slave relationship,it's a lie 70℅ of Middle beltans are Not Hausas and a very large chunk of them are not Muslims.
I repeat the Middle belt must free themselves and North must be broken down,this is very good.
You can't divide the South,claim Kwara and kogi to an alien Hausa -Fulani culture because of strength and power and expect Nemesis not to catchup with you .

The North is not one as they have always appeared to make it look like,the North central need to break away like the North break to divide the Southern Nigeria for easy rule,it is obvious the middle belt is only be used And dumped to rule Nigeria.
The following must be followed,A regional security architecture,mass voting education,agricultural revolution(most especially native cattle breeding) by Middle belt and southern Nigeria.

Remove the North central and the Northern Nigeria will be reduced in strength and might to 30℅ ,the mineral,agric,education,political power,Industrialization, and etc.




AND SOME IGNORANT WILL STILL BELIEVE THE CONCORTED NEWS OF NO HIDDEN AGENDA.

can you people now see,they have runned the NW,NE ,uses the military to soften the North central for the mission,the next direction is South,i laugh at fools calling Mailafia's allegations lame,you are seeing DSS rummaging everywhere for a secret leaked by mailafia
*saw killing of Gana
*see water bill
*heard of Herdmen radio
*heard of Ruga, see the amount of Energy the *Hausa-fulani are putin to water down Amotekun *T.Y danjuma said the same
*you hear of CAMA LAW
*Lagos ban of okada and some goons in the North central and south are still not forming a coalition,they are still talking about '67 errors of the Sultanate used Tiv to conquer ibo land and how Ibo betrayed Yoruba in the 1st republic and How Awolowo should not have matched against the F.G against the ibo when coming to snatch away power in Lagos.
He go shock ALL OF UNA.You think all these are coincidences??

Sebi na person wey see calabash go see "it is mine mark",mark it Not even Tinubu will not be spared ,write it down,the North might not want to hand over power and if it does they will make it Hell for the leader,that is why the rest must forget the pass and forge a strong coalition,the Middle belt romance with the North must end Now,IT IS A MASTER_SLAVE RELATIONSHIP,now watch as they secretly design a game plan to thwart this move

You're right. The cloud is gathering fast and no one should be caught napping. Only a Southern coalition can stop the evil that is coming. It has even become easier now the middle belt is trying to break out from the North.

Winter is coming!

Father of Nigeria bawo
My friend that stuff you took that is making you to write all these load of crap must be of Jamaican quality

Lol, imagine a character like Tinubu becoming father of Nigeria. Well, I get your drift, you actually mean godfather of Nigeria, Lagos style

The North are not stvpid. They've enough reasons to be wary of someone who is over ambitious!
They've every reason not to trust someone who lacks character. Someone who only believes in Nigeria when he is milking the system only to become against it when he is not.

Same way they couldn't trust Awo and MKO is same way they can't trust the bullion van general. He is a high risk and is not worth it!!

Onlinesmart:
[s]Mumu, even dummies know okoros and crimes are synonymous. Who knows whether even you haven't been to prison for drug peddling before? All of you dey commit crime purposely to impress your village people in December.[/s]

Olodo, which people pioneered and popularised scam and drug pushing in Nigeria if not afonjas?

Is it certificate forgery? You developed it and gave it a name "oluwole"

Is it drug pushing? Someone who you guys reverence is on record to have forfeited $500,000 over drug crimes he committed in Chicago way back! What about the afonja senator that died recently, his drug pushing record is still there! I can go on and on to list so many others. Even the duo of IGBALODE and the other Woodberry theif, who committed this crime that resulted to Nigerians being punished in UAE are still afonja. What about the list of over 30 drug pushers Saudi Arabia released the other, over 90% of them are afonjas.

It is ridiculous and self-deception when people like you will want to change the narrative against hard facts on ground.

Onlinesmart:
Middle East prisons abound with igbos who pushed drugs enter there. God go soon catch una again. Shebi seun dey pity una not pushing news of igbos being arrested in the middle east to front page again? I'm not surprised sha. East people pushed drugs go Middle East.

Lol, the joke is on you.

Go to prisons in Saudi Arabia, Iran, Egypt, UAE and check, afonjas by far constitute the highest proportion.

Stop with the lies and face facts!

okuta007:
I thought some people here were praising him the other day? that Hushpuppi is a hero ?

No normal person will praise criminals like IGBALODE Raymond.
If the Nigerian government has the interest of this country at heart, it would be banning and even arresting musicians that glorify scam and criminals.

There should be a serious sensitisation and awareness against get rich quick or die trying mentality most Nigerians now have. The funny thing is that even those that are supposed to preach against it are worse off. Those at the top are primitively scamming, accumulating and stashing away illgotten money, so on which moral high ground will they stand to fight this evil?

The cloud is gathering and Nigerians are gradually being profiled as criminals and world's enemy no1.

jayyem:
Don't forget about the Igbo guys that robbed bureau de change as well.

Must we always turn everything to tribal sentiments on social media? You forgot that outside the shores of Nigeria, they don't care about your tribe.

You should direct your sermon to that nuisance called Simplyleo or whatever. Why would he be saying trash about IPOB on an issue like this?

Simplyleo:
[s]
Yeah, for not blaming Buhari for the crimes perpetrated by ipob miscreants across the globe abi? [/s]

Are you sure you're normal?
Is IGBALODE Raymond also known as Hushpuppy who directly caused this an IPOB?

Why are you afonja people always behaving like this?

That person canceling your posts is doing a good job because you've become a real nuisance on nairaland.

Simplyleo:
[s][/s][s]
Let's blame Buhari for the crime perpetrated by ipob miscreants across the globe.[/s]

Stop talking nonsense. This is a direct result of the crimes IGBALODE Raymond committed!!

When IGBALODE also known as Hushpuppy committed those terrible crimes, it trended all over UAE and globally. The Emirates were seen making very angry statements including their government officials.

Now, they are acting on it but instead of this afonja to be remorseful and ashamed that his brother has caused serious irreparable damage, he is here still shamelessly trying to shift the blame.

What rubbish!!

GamalNasser:
Under GEJ we were welcomed with both hands to Dubai because we were considered a prospering nation , they used to try to market real estate to us then but under Buhari they have started throwing Nigerians out because no one wants the burden of a poor nation

Aside that, the irresponsible presidiot went about disgracing Nigeria with his thoughtless and unreasonable statements. How can a so called president go about telling anyone who cares to listen that his citizens are corrupt and lazy?

Hmnnn just look at what IGBALODE Raymond has caused. Because of a single yoruba man's act, thousands of innocent Nigerians are being punished.

It will never be well with IGBALODE also known as Hushpuppy and his likes.

I don't support jungle justice but in this case, that murderer has no business still being alive.

The bastard was excorting a foreigner who he sees like a god and that was why he had to shoot another man 3 times point blank. Seeing him naked and bloodied serves him right but it's not enough, he ought to be dead too.

In America, every man has the right to order you to leave his property but the useless civil defence man had to shoot the man dead on his property?!

Well this is nothing but business. It is demand that propels supply. The local air traffic market in Nigeria is found mainly in Lagos, Abuja and SE/SS. Owerri is another lucrative route they will soon add.