₦airaland Forum

[quote author=HiddenShadow post=42434137]Someone should list the reasons giving by the court for rejecting Kanu's bail.[/quo
you see fedral Govt for here, find them go and ask na

.

.

oga jona fish way go carry you go land for P....... that fish still they inside sea

most respected Africa president ever

this is Buhari, remember when he said if he start mention names of looters Nigerian will be shock and we were like na lie see am now. and he has also said there is no hiding place for any looters that means their final home will be prison so watch out and see

this is Buhari, not that ogogoro man i nor mention name oh before those guy way they support corruption go come here they fom for mouth like dog............................. i mean those guys...... waiting be there name again? is it em chai pls remind of their name again pls..... Em Biafra

my country people, we should be ready to make so sacrifices we all know how thing are in Nigeria at this point in time. oil price done fall so where do we expect the Govt to get money to run the country? UK and US all bank charges even the small island Grenada that i live have 1 dollar bank charge so why will this be a big problem in Nigeria?

oh my god, is any one feeling the same feeling that Nigeria is finally heading to a greater and greater Direction. thanks to the Nigerians who voted Buhari

see him

winner95:
Chai... Can't even find d right words nw.
Unbelieable, bro Metuh pls take heart..

the right word is I M HAPPY, I M HAPPY

Justice Okon Abang of the Federal High Court, Abuja, on Friday ordered the spokesperson of the Peoples Democratic Party, Olisa Metuh, remanded in Kuje Prison in the Federal Capital Territory, while his trial for alleged money laundering offences continues.
Mr. Metuh pleaded not guilty to the seven-count charge of fraud levelled against him by the Economic and Financial Crimes Commission, EFCC.
The EFCC is accusing him of receiving N400 million from the former National Security Adviser, Sambo Dasuki, believed to be part of a $2.1 billion meant for arms procurement but which was allegedly diverted by Mr. Dasuki.
After pleading not guilty to the charges, the counsel to the EFCC, Sylvanus Tahir, moved that the court decides a date for the continuation of the hearing, but requested that Mr. Metuh be remanded in prison while trial in the case continues.
But Mr. Metuh’s counsel, Onyeachi Ikpeazu, asked the court to discountenance the request for his client’s further detention, describing it as illegal and unconstitutional.
He said the EFCC had a legal obligation to provide them (the respondents) with a seven-day notice before the arraignment of Mr. Metuh in court.
Mr. Ikpeazu cited Section 158 of the Administration of Criminal Justice Act, 2015, which states that: “When a person who is suspected or accused is arrested or detained, appears in court, he shall, subject to the provision of this act, be admitted to bail.”

He therefore prayed the court to grant his client bail on liberal terms.
Responding, Mr. Tahir said the application for bail was oral and should therefore be refused.
He noted that the court was one of record keeping, stressing that an order be given for the application to reflect the status of the court.
Mr. Tahir asked the court to demand a written application so that the defendant’s grounds for the application would be put on record, as well as the prosecution’s ground for opposing the application.
He also added that Section 158 of the Administration of Criminal Justice Act mentioned by Mr. Ikpeazu dealt mainly with written application, a claim vehemently objected to by Mr. Ikpeazu.
After hearing the arguments of both parties, Mr. Abang noted that the matter for determination by the court was whether or not the oral application for bail should be granted.
He ruled that it was not out of place for the court to grant oral application for bail, stressing that section 158 and 162 of the constitution argued by both parties did not state whether an application for bail must be written or oral.
He however added that the court was not in a position to decide the prosecution’s ground for opposing the application for bail on Friday.
Mr. Abang added that where the prosecution is objecting to bail, it should be allowed to place on record the grounds on which it is objecting.
He also noted that the defence counsel should also be allowed to place its facts before the court to back its application for bail, arguing that both parties cannot place such facts “before the bar”.
Mr. Abang therefore refused the oral application for bail and directed that Mr. Metuh be remanded in prison,
He also gave the defence counsel six hours from the time of ruling to file its application for bail before the court, while the persecution had 24 hours after receiving the same application to file its brief of argument against it.
Mr. Abang further said the defence counsel was expected to submit its response within five hours of receiving prosecution’s brief of argument.
The matter was adjourned till January 19 for consideration of Mr. Metuh’s bail application.
http://www.premiumtimesng.com/news/headlines/196792-dasukigate-court-sends-olisa-metuh-to-prison.html

[b]war against corruption has started.
here is the full story

Justice Okon Abang of the Federal High Court, Abuja, on Friday ordered the spokesperson of the Peoples Democratic Party, Olisa Metuh, remanded in Kuje Prison in the Federal Capital Territory, while his trial for alleged money laundering offences continues.
Mr. Metuh pleaded not guilty to the seven-count charge of fraud levelled against him by the Economic and Financial Crimes Commission, EFCC.
The EFCC is accusing him of receiving N400 million from the former National Security Adviser, Sambo Dasuki, believed to be part of a $2.1 billion meant for arms procurement but which was allegedly diverted by Mr. Dasuki.
After pleading not guilty to the charges, the counsel to the EFCC, Sylvanus Tahir, moved that the court decides a date for the continuation of the hearing, but requested that Mr. Metuh be remanded in prison while trial in the case continues.
But Mr. Metuh’s counsel, Onyeachi Ikpeazu, asked the court to discountenance the request for his client’s further detention, describing it as illegal and unconstitutional.
He said the EFCC had a legal obligation to provide them (the respondents) with a seven-day notice before the arraignment of Mr. Metuh in court.
Mr. Ikpeazu cited Section 158 of the Administration of Criminal Justice Act, 2015, which states that: “When a person who is suspected or accused is arrested or detained, appears in court, he shall, subject to the provision of this act, be admitted to bail.”


He therefore prayed the court to grant his client bail on liberal terms.
Responding, Mr. Tahir said the application for bail was oral and should therefore be refused.
He noted that the court was one of record keeping, stressing that an order be given for the application to reflect the status of the court.
Mr. Tahir asked the court to demand a written application so that the defendant’s grounds for the application would be put on record, as well as the prosecution’s ground for opposing the application.
He also added that Section 158 of the Administration of Criminal Justice Act mentioned by Mr. Ikpeazu dealt mainly with written application, a claim vehemently objected to by Mr. Ikpeazu.
After hearing the arguments of both parties, Mr. Abang noted that the matter for determination by the court was whether or not the oral application for bail should be granted.
He ruled that it was not out of place for the court to grant oral application for bail, stressing that section 158 and 162 of the constitution argued by both parties did not state whether an application for bail must be written or oral.
He however added that the court was not in a position to decide the prosecution’s ground for opposing the application for bail on Friday.
Mr. Abang added that where the prosecution is objecting to bail, it should be allowed to place on record the grounds on which it is objecting.
He also noted that the defence counsel should also be allowed to place its facts before the court to back its application for bail, arguing that both parties cannot place such facts “before the bar”.
Mr. Abang therefore refused the oral application for bail and directed that Mr. Metuh be remanded in prison,
He also gave the defence counsel six hours from the time of ruling to file its application for bail before the court, while the persecution had 24 hours after receiving the same application to file its brief of argument against it.
Mr. Abang further said the defence counsel was expected to submit its response within five hours of receiving prosecution’s brief of argument.
The matter was adjourned till January 19 for consideration of Mr. Metuh’s bail application.[/b]

more pics

When Nigeria’s president, Muhammadu Buhari won the presidential ticket last March, the general mood in Africa’s biggest economy was upbeat. Stocks surged as the market reacted to a ‘Buhari bounce’. Investors also believed that the former military dictator would be more effective at managing the economy than his predecessor was but less than a year later, that outlook has changed drastically.
On Wednesday (Jan. 13), Nigerian stocks fell to a three year low in reaction to the continued fall of oil prices. Dipping below $30 a barrel for the first time in twelve years, the fall in prices have badly affected Nigeria as oil earnings account for a majority of its earnings. Investors, fearing the absence of a plan to manage the situation, have been dumping stocks leading to a plunge in the country’s all share index.

These fears are heightened by the country’s unorthodox monetary policies. As oil prices dropped, so did Nigeria’s foreign reserves. In a bid to avoid further depletion, the Central Bank imposed strict restrictions which did little to curb the slide of the naira, its currency. The official exchange rate has fallen some 25% over the two years and it is now 199 naira to the dollar. But the more realistic value is seen on the parallel market in recent days where the naira’s value has fallen such that it takes more than 300 naira to exchange for a dollar. There is now regular calls for the Central Bank to officially devalue the naira.
http://qz.com/595453/the-precarious-state-of-nigerias-economy-right-now-captured-in-two-charts/?utm_source=YPL

realsammy:
Nigeria has being proven to be a lawless society, if not why should the presdo n DSS disobey court order on the release of Nnamdi Kanu.
Now u want Tompolo to obey court order... U guys are joke.

shot the hell up

all that na paper talk my brother, watch out for the next posting and u go see.

free2ryhme:
this good for development

na that is bad, lagos have all its take to internally generate money. trust me that money is going into few ppl pocket

Job well judge

Investigation has begun by the Economic and Financial Crimes Commission (EFCC) into the office of the former vice president, Namadi Sambo, over his involvement in the $2.1bn arms procurement scandal, The Punch reports.

It was reported on Monday, January 11 that EFCC operatives were looking into transactions involving Sambo Dasuki, the former national security adviser and the office of the vice president.
A company owned by the national publicity secretary of the Peoples Democratic Party (PDP), Olisa Metuh, Destra Investment allegedly paid N25m to Abba Dabo, a former special adviser to Sambo in December, 2014.



It was reported that the reason the Sambo was being investigated was because some of the funds Dasuki disbursed was for the PDP presidential campaign in the north which was coordinated by the office of the former vice president.

An EFCC source said investigation was also being carried out into the office of Gen. Owoye Azazi, a former national security adviser.

“Operatives are intensifying investigation into the activities of the former Vice President, Namadi Sambo, as part of the ongoing probe.

“The commission is also detaining some of the people who worked under the late Azazi. You know that there is no government office that would not come under this probe.



“The reason is that the ONSA was strategic and was called upon to play a role in all cases identified as emergency.

“This thing will touch all the offices in the previous government. It is just a matter of time.

“The former VP coordinated the PDP’s presidential campaign in many parts of the North.”

Meanwhile, the PDP urged the former president Goodluck Jonathan to speak out on the controversial $2.1bn meant for the purchase of arms to fight the Boko Haram sect but which was allegedly shared by some influential politicians.
https://www.naij.com/692982-dasukigate-former-vice-president-namadi-sambo-to-be-arrested-by-efcc.html?source=notification

the CBN finally left of Foreign Currency Cash Deposits

WHAT ....this man nor smile at all OH looters look at his pics before u steal remember the yam way goat eat get owner oh

waternogetememy:
Hahahahaha! Buhari no fit try am, in fact i encourage Buhari to dare.


Shekau will be better than Buhari the law breaker President.

na only mouth una get na so una take talk say Baba nor go fit arrest am see am now, go get some sence man

baralatie:
Efcc went to a citizens house invited the citizen and refused to release the citizencitizen.later went to the court to get an order to detain a citizen.
This is abuse and unfortunate

shotup mumum

richidinho:
All the Amaechi's petition file in that EFCC office

Are they using it for Ceiling Fan?

yes oh do your worse. go meet efcc

really? we re getting there

Abuja (AFP) - Africa's biggest economy Nigeria, battling a revenue shortfall caused by the global oil shock, does not need assistance from the International Monetary Fund, the group's head said on Tuesday.

"Let me be very clear: I'm not here nor is my team here to negotiate a loan with conditionalities, we're not programming negotiations," said IMF managing director Christine Lagarde.

"Frankly, given the determination and resilience displayed by the presidency and his team, I don't see why an IMF programme is going to be needed," she told reporters in Abuja.

Lagarde was speaking after meeting President Muhammadu Buhari on a four-day visit that will also see her hold talks with the central bank governor and visit neighbouring Cameroon.

Nigeria, Africa's number one oil producer, has seen revenues dive over the last year because of the fall in global crude prices, causing a cash crunch that has forced it to tighten spending.

The naira currency has also slumped and GDP growth stalled to under 3.0 percent, while inflation is nudging 10 percent.
Lagarde described the talks as "excellent" and said they touched on "the challenges ahead stemming from the oil price reduction" and the need to find different revenue sources.

They also discussed "the necessity to apply fiscal discipline and the need to respond to the population's needs, improving the competitiveness of Nigeria and focusing on the short-term fiscal situation".

Buhari has made reviving the flagging economy one of his key priorities alongside cutting endemic corruption and government waste, and improving transparency and accountability.

Lagarde said they were "very ambitious goals that need to be delivered upon".
Nigeria last month unveiled a 6.08-trillion-naira (about $30-billion, 27-billion-euro) budget, increasing investment on capital expenditure to stimulate growth and lower dependence on crude exports.

Lagarde said it was not her place to "approve or comment on the budget" but she disclosed the IMF would undertake a review and audit from next week "to really assess whether the financing is in place".

It would also look at "whether the debt is sustainable, borrowing costs are sensible and what must be put in place in order to address the challenges going forward".

Analysts say the commercial health of the region is a priority for Lagarde's trip, with Nigeria struggling to adapt to rock-bottom oil prices and diversify its economy.

She is due to end her trip by meeting finance ministers from the six member countries of the Economic and Monetary Community of Central Africa (CEMAC), delivering a speech on January 8.

"There was mention of the reform agenda, what Nigeria might do to cope with this period of oil price weakness, but also the policy response from Nigeria and the impact on surrounding countries," said Razia Khan, Africa economist at Standard Chartered Bank in London.

"One of the ways that Nigeria has chosen to deal with the pressures of weaker oil prices is control the demand of imports, by restricting the foreign exchange market," she told AFP.

"That has caused an impact on trade with neighbouring countries that will be a concern not just to Nigeria but also some of those countries that are very reliant on Nigeria."
http://news.yahoo.com/no-imf-programme-needed-nigeria-lagarde-182007249.html?nf=1

guttentag:
At list, their prison better pass 9ja own

Which one come be at LIST again...

make this man called Jan nor let Buhari vex oh our Prison never full oh. we be they look u since nor let us face u oh

Oh my my

i love this part,
I am honoured and privileged to present the 2016 Budget proposal. This is my first address before this joint session of the National Assembly. I have come here today, not only to address members of the National Assembly, but also to speak directly to the men and women who placed us here.
2. I know the state of our economy is a source of concern for many. This has been further worsened by the unbridled corruption and security challenges we have faced in the last few years. From those who have lost their jobs, to those young people who have never had a job, to the people in the North East whose families and businesses were destroyed by insurgents, this has been a difficult period in our nation’s history, lessons that we must not forget or ignore, as we plan for the future.

3. By June 2014, oil prices averaged $112 per barrel. But as at today, the price is under $39 per barrel. This huge decline is having a painful effect on our economy. Consumption has declined at all levels. In both the private and public sectors, employers have struggled to meet their salary and other employee related obligations. The small business owners and traders have been particularly hard hit by this state of affairs.

4. Fellow Nigerians, the confidence of many might be shaken. However, I stand before you today promising that we will secure our country, rebuild our economy, and make the Federal Republic of Nigeria stronger than it has ever been.

5. The answers to our problems are not beyond us. They exist on our farmlands; our corporations; in the universities in the hearts and minds of our entrepreneurs; through the gallantry of our Armed Forces; and the resolute spirit of Nigerians, especially the youth, who have refused to give up despite all the obstacles confronting them.

6. This Budget proposal, the first by our Government, seeks to stimulate the economy, making it more competitive by focusing on infrastructural development; delivering inclusive growth; and prioritizing the welfare of Nigerians. We believe that this budget, while helping industry, commerce and investment to pick up, will as a matter of urgency, address the immediate problems of youth unemployment and the terrible living conditions of the extremely poor and vulnerable Nigerians.

that is our president, there is hope brother lets stay together we will make it, united states of america went through wose and they came out stronger and better same will Nigeria be. a Journey of many miles start with a step. read this part.
I am honoured and privileged to present the 2016 Budget proposal. This is my first address before this joint session of the National Assembly. I have come here today, not only to address members of the National Assembly, but also to speak directly to the men and women who placed us here.
2. I know the state of our economy is a source of concern for many. This has been further worsened by the unbridled corruption and security challenges we have faced in the last few years. From those who have lost their jobs, to those young people who have never had a job, to the people in the North East whose families and businesses were destroyed by insurgents, this has been a difficult period in our nation’s history, lessons that we must not forget or ignore, as we plan for the future.

3. By June 2014, oil prices averaged $112 per barrel. But as at today, the price is under $39 per barrel. This huge decline is having a painful effect on our economy. Consumption has declined at all levels. In both the private and public sectors, employers have struggled to meet their salary and other employee related obligations. The small business owners and traders have been particularly hard hit by this state of affairs.

4. Fellow Nigerians, the confidence of many might be shaken. However, I stand before you today promising that we will secure our country, rebuild our economy, and make the Federal Republic of Nigeria stronger than it has ever been.

5. The answers to our problems are not beyond us. They exist on our farmlands; our corporations; in the universities in the hearts and minds of our entrepreneurs; through the gallantry of our Armed Forces; and the resolute spirit of Nigerians, especially the youth, who have refused to give up despite all the obstacles confronting them.

6. This Budget proposal, the first by our Government, seeks to stimulate the economy, making it more competitive by focusing on infrastructural development; delivering inclusive growth; and prioritizing the welfare of Nigerians. We believe that this budget, while helping industry, commerce and investment to pick up, will as a matter of urgency, address the immediate problems of youth unemployment and the terrible living conditions of the extremely poor and vulnerable Nigerians.