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PoliticsRe: Fellow Nigerians, Abubakar Shekau Is Dead-graphic & Visual Evidence. by publisher(m): 7:22pm On Jul 13, 2014
matify: Even the Americans have alluded to this insinuation and corroborated evidence provided by DSS that the present Shekau is an impostor but who cares ?

All we want is the annihilation of all persons associated with this terror once and for all.

"victory comes from God"!!!
It's going to be a long-term war no doubt, but victory is very possible and within reach.
PoliticsRe: Fellow Nigerians, Abubakar Shekau Is Dead-graphic & Visual Evidence. by publisher(m): 6:39pm On Jul 13, 2014
[size=13pt]Interesting, really is. But I must confess that 2014 Shekau looks way much younger than 2012 Shekau.[/size]
PoliticsRe: Nigerians And Ndigbo Owe Emmanuel Ifeajuna An Apology. by publisher(op): 12:43pm On Jul 13, 2014
Tolexander: After co-truncating the first Nigerian goverment out of his own tribal motive!

Satan was a lucifer, an archangel that could play every instrument when he was in heaven. Later he fell and was cast down to earth.
Shall we now consider the luciferian he was and the archangelic character he had and start worshipping satan?
senseless post.

Kaduna Nzeogwu,who led the first military coup in 1966 and personally shot Sir Ahmadu Bello was still buried in full military honours and has many streets named after him.

Abacha murdered Ken Saro wiwa, yet he still has a stadium and many national structures named after him.
Who in Nigeria was more devilish than Abacha?

What exactly did Emmanuel Ifeajuna do that warranted him being systematically wiped out from Nigerian history? The first black African to win a Commonwealth gold medal.
PoliticsRe: Nigerians And Ndigbo Owe Emmanuel Ifeajuna An Apology. by publisher(op): 12:19pm On Jul 13, 2014
At the end of the Nigerian civil war,a "no victor, no vanquished" theme was adopted.
Many were pardoned for their atrocities during the war,the likes of theophilus Danjuma and Muritala Mohammed still rose to the top of their military career.
The main actor Ojukuwu was pardoned, allowed to return to politics, cradle snatched Bianca and enjoyed life until his death.

Why was Emmanuel Ifeajuna never given any post-humus honor or pardon in spite of the great joy he brought to Nigeria and the black race as an athlete?

The Northerners (ruling elites) refused to honor Emmanuel Ifeajuna because they believe he pulled the trigger that murdered Tafawa Balewa. However,the same Northern ruling elite went ahead to bestow countless honors to Theophilus Danjuma-the man who pulled the trigger and murdered Aguyi Ironsi


[size=13pt]Goodluck Jonathan MUST now honour Emmanuel Ifeajuna post humusly as a matter of urgency.[/size]
PoliticsNigerians And Ndigbo Owe Emmanuel Ifeajuna An Apology. by publisher(op): 12:08pm On Jul 13, 2014
A very touching article from the Guardian UK.

http://www.theguardian.com/sport/2014/jul/13/commonwealth-games-emmanuel-ifeajuna-nigeria
The first time Emmanuel Ifeajuna appeared before a crowd of thousands he did something no black African had ever done. He won a gold medal at an international sporting event. “Nigeria Creates World Sensation,” ran the headline in the West African Pilot after Ifeajuna’s record-breaking victory in the high jump at the 1954 Empire and Commonwealth Games in Vancouver. He was the pride not just of Nigeria but of a whole continent. An editorial asked: “Who among our people did not weep for sheer joy when Nigeria came uppermost, beating all whites and blacks together?”

In the words of a former schoolmate, Ifeajuna had leaped “to the very pinnacle of Nigerian sporting achievement”. His nine track and field team-mates won another six silver and bronze medals, prompting a special correspondent to write “Rejoice with me, oh ye sports lovers of Nigeria, for the remarkable achievements of our boys”.

Ifeajuna, feted wherever he went, would soon see his picture on the front of school exercise books. He was a great national hero who would remain Nigeria’s only gold medallist, in Commonwealth or Olympic sport, until 1966.

The next time Ifeajuna appeared before a crowd of thousands he was bare-chested and tied to a stake, facing execution before a seething mob. He had co-led a military coup in January 1966 in which, according to an official but disputed police report, he shot and killed Nigeria’s first prime minister. The coup failed but Ifeajuna escaped to safety in Ghana, dressed as a woman and was driven to freedom by a famous poet. Twenty months later, he was back, fighting for the persecuted Igbo people of eastern Nigeria in a brutal civil war that broke out as a consequence of the coup.

Ifeajuna and three fellow officers were accused by their own leader, General Emeka Ojukwu, of plotting against him and the breakaway Republic of Biafra. They denied charges of treason: they were trying to save lives and their country, they said, by negotiating an early ceasefire with the federal government and reuniting Nigeria. They failed, they died and, in the next two and a half years, so did more than a million Igbos.

The day of the execution was 25 September, 1967, and the time 1.30pm. There was a very short gap between trial and execution, not least because federal troops were closing in on Enugu, the Biafran capital, giving rise to fears that the “guilty four” might be rescued.

As the execution approached, the four men – Ifeajuna, Victor Banjo, Phillip Alale and Sam Agbam – were tied to stakes. Ifeajuna, with his head on his chest as though he was already dead, kept mumbling that his death would not stop what he had feared most, that federal troops would enter Enugu, and the only way to stop this was for those about to kill him to ask for a ceasefire.

A body of soldiers drew up with their automatic rifles at the ready. On the order of their officer, they levelled their guns at the bared chests of the four men. As a hysterical mass behind the firing squad shouted: “Shoot them! Shoot them!” a grim-looking officer gave the command: “Fire!” The deafening volley was followed by lolling heads. Ifeajuna slumped. Nigeria’s great sporting hero died a villain’s death. But he had been right. By 4pm two and a half hours after the executions, the gunners of the federal troops had started to hit their targets in Enugu with great accuracy. The Biafrans began to flee and the city fell a few days later.

Of all the many hundreds of gold medallists at the Empire and Commonwealth Games since 1930 none left such a mark on history, led such a remarkable life or suffered such a shocking death as Ifeajuna.

His co-plotter in the 1966 coup, Chukwuma Nzeogwu, was buried with full military honours and had a statue erected in his memory in his home town. But for Ifeajuna, the hateful verdict of that seething mob carried weight down the years. His name was reviled, his sporting glory all but written out of Nigeria’s history. His name is absent from the website of the Athletics Federation of Nigeria, appearing neither in the history of the Federation nor in any other section. There is no easy road to redemption for the gold medallist who inadvertently started a war and was shot for trying to stop it.

Nigeria’s first foray into overseas sport was in 1948, when they sent athletes to London to compete in the Amateur Athletic Association Championships, and to watch the Olympic Games before a planned first entry in the next Olympiad. In 1950 there was cause to celebrate when the high jumper, Josiah Majekodunmi, won a silver medal at the Auckland Commonwealth Games. He also fared best of Nigeria’s Olympic pathfinders, the nine-man team who competed at Helsinki in 1952. Majekodunmi was ninth, with two of his team-mates also in the top 20. Nigerians clearly excelled at the high jump.

With three men having competed in that 1952 Olympic final, the Nigeria selectors had plenty of names to consider for the Commonwealth Games high jump in Vancouver two years later. Ifeajuna, aged 20, was not a contender until he surprised everybody at the national championships in late April, less than two months before the team were due to depart. His jump of 6ft 5.5in, the best of the season, took him straight in alongside Nafiu Osagie, one of the 1952 Olympians, and he was selected.

The high jump was on day one of competition in Vancouver and Ifeajuna wore only one shoe, on his left foot. One correspondent wrote: “The Nigerian made his cat-like approach from the left-hand side. In his take-off stride his leading leg was flexed to an angle quite beyond anything ever seen but he retrieved position with a fantastic spring and soared upwards as if plucked by some external agency.”

Ifeajuna brushed the bar at 6ft 7in but it stayed on; he then cleared 6ft 8in to set a Games and British Empire record, and to become the first man ever to jump 13.5in more than his own height. This first gold for black Africa was a world-class performance. His 6ft 8in – just over 2.03m – would have been good enough for a silver medal at the Helsinki Olympics two years earlier.

The team arrived back home on 8 September. That afternoon they were driven on an open-backed lorry through the streets of Lagos, with the police band on board, to a civic reception at the racecourse. The flags and bunting were out in abundance, as were the crowds in the middle and, for those who could afford tickets, the grandstand. There was a celebration dance at 9pm. Ifeajuna told reporters he had been so tired, having spent nearly four hours in competition, that: “At the time I attempted the record jump I did not think I had enough strength to achieve the success which was mine. I was very happy when I went over the bar on my second attempt.”

After a couple of weeks at home Ifeajuna was off to university on the other side of the country at Ibadan. His sporting career was already over, apart from rare appearances in inter-varsity matches. He met his future wife, Rose, in 1955. They married in 1959 and had two sons. After graduating in zoology he taught for a while before joining the army in 1960 and was trained in England, at Aldershot. Ifeajuna had first shown an interest in the military in 1956 when, during a summer holiday in Abeokuta, he had visited the local barracks with a friend who later became one of the most important figures in the Commonwealth.

Chief Emeka Anyaoku joined the Commonwealth Secretariat in 1966, the year of Ifeajuna’s coup attempt. While his good friend escaped, returned, fought in the war and died in front of the firing squad, Anyaoku moved to London, where he rose to the highest office in the Commonwealth, secretary-general, in 1990. For four years at university he lived in a room next door to Ifeajuna, who became a close friend.

Why did the record-breaking champion stop competing? “From October, 1954, when he enrolled at Ibadan, he never trained,” said Anyaoku, nearly 60 years later. “He never had a coach – only his games master at grammar school – and there were no facilities at the university. He simply stopped. He seemed content with celebrating his gold medal. I don’t think the Olympics ever tempted him. I used to tease him that he was the most natural hero in sport. He did no special training. He was so gifted, he just did it all himself. Jumping barefoot, or with one shoe, was not unusual where we came from.”

Another hugely influential voice from Nigerian history pointed out that Ifeajuna, in his days as a student, had “a fairly good record of rebellion”. Olusegun Obasanjo served as head of a military regime and as an elected president. He recalled Ifeajuna’s role in a protest that led to the closure of his grammar school in Onitsha for a term in 1951, when he was 16. Three years after winning gold, while at university, Ifeajuna made a rousing speech before leading several hundred students in protest against poor food and conditions.

The former president also held a manuscript written by Ifeajuna in the aftermath of the coup but never published. It stated: “It was unity we wanted, not rebellion. We had watched our leaders rape our country. The country was so diseased that bold reforms were badly needed to settle social, moral, economic and political questions. We fully realised that to be caught planning, let alone acting, on our lines, was high treason. And the penalty for high treason is death.”

In 1964 the Lagos boxer Omo Oloja won a light-middleweight bronze in Tokyo, thereby becoming Nigeria’s first Olympic medallist. It was a rare moment of celebration in a grim year that featured a general strike and a rigged election. Another election the following year was, said the BBC and Reuters correspondent Frederick Forsyth, seriously rigged – “electoral officers disappeared, ballot papers vanished from police custody, candidates were detained, polling agents were murdered”. Two opposing sides both claimed victory, leading to a complete breakdown of law and order. “Rioting, murder, looting, arson and mayhem were rife,” said Forsyth. The prime minister, Tafawa Balewa, refused to declare a state of emergency. There was corruption in the army, too, with favouritism for northern recruits. A group of officers began to talk about a coup after they were told by their brigadier that they would be required to pledge allegiance to the prime minister, from the north, rather than the country’s first president, an Igbo. Ifeajuna’s group feared a jihad against the mainly Christian south, led by the north’s Muslim figurehead, the Sardauna of Sokoto.

The coup, codenamed Leopard, was planned in secret meetings. Major Ifeajuna led a small group in Lagos, whose main targets were the prime minister, the army’s commander-in-chief, and a brigadier, who was Ifeajuna’s first victim. According to the official police report, part of which has never been made public, Ifeajuna and a few of his men broke into the prime minister’s home, kicked down his bedroom door and led out Balewa in his white robe. They allowed him to say his prayers and drove him away in Ifeajuna’s car. On the road to Abeokuta they stopped, Ifeajuna ordered the prime minister out of the car, shot him, and left his body in the bush. Others say the Prime Minister was not shot, nor was the intention ever to kill him: Balewa died of an asthma attack or a heart attack brought on by fear. There has never been conclusive evidence either way.

Ifeajuna drove on to Enugu, where it became apparent that the coup had failed, mainly because one of the key officers in Ifeajuna’s Lagos operation had “turned traitor” and had failed to arrive as planned with armoured cars. Major-General Ironsi, the main military target, was still at large and he soon took control of the military government. Ifeajuna was now a wanted man. He hid in a chemist’s shop, disguised himself as a woman, and was driven over the border by his friend Christopher Okigbo, a poet of great renown. Then he travelled on to Ghana, where he was welcomed.

Ifeajuna eventually agreed to return to Lagos, where he was held pending trial. Ojukwu, by now a senior officer, ensured his safety by having him transferred, in April, to a jail in the east. Igbos who lived in the north of the country were attacked. In weeks of violent bloodshed tens of thousands died. As the death toll increased, the outcome was civil war. In May, 1967, Ojukwu, military governor of the south-east of Nigeria, declared that the region had now become the Republic of Biafra. By the time the fighting ended in early 1970, the number of deaths would be in the millions.

Arguably, if either of Ifeajuna’s plots had been a success, those lives would not have been lost. The verdicts on his role in Nigerian history are many and varied: his detractors have held sway. Chief among them was Bernard Odogwu, Biafra’s head of intelligence, who branded Ifeajuna a traitor and blamed him for “failure and atrocities” in the 1966 coup. Adewale Ademoyega, one of the 1966 plotters, held a different view of Ifeajuna. “He was a rather complicated character ... intensely political and revolutionary ... very influential among those close to him ... generous and willing to sacrifice anything for the revolution.”

The last time Anyaoku saw Ifeajuna was in 1963, in Lagos, before Anyaoku’s departure for a diplomatic role in New York. He later moved to London and was there in 1967. “I was devastated when I heard the news of the execution,” he said. As for Ifeajuna being all but written out of Nigeria’s sporting history, he noted that: “The history of the civil war still evokes a two-sided argument. He is a hero to many people, though they would more readily talk about his gold medal than his involvement in the war. There are people who think he was unjustifiably executed and others who believe the opposite.”

One commentator suggested recently that the new national stadium in Abuja, the Nigerian capital, should be named after Ifeajuna. It will surely never happen.
PoliticsWhy Hasnt Western Nigeria Developed A Chocolate Brand/industry? by publisher(op): 10:16pm On Jan 05, 2014
I bought a few bars of MARS and BOUNTY Chocolates earlier today and it got me thinking.

South western Nigeria has been a major hub for Cocoa production for over half a century now; how come business folks from that region are unable to push forward a major Nigerian Chocolate brand that can even be exported?

If Cocoa was this rampant in the South-East for example,would the story be the same? Considering the fact that being a Palm Oil region,the SE can boast of several cosmetics & soap making factories.

What do u guys think?

PS: This is not meant to herald a Yoruba vs Igbo E-war.
PoliticsRe: Kenyans Surprised: Jonathan And Crew Visited Kenya With 7 Private Jet [video] by publisher(m): 10:54pm On Jan 02, 2014
ROSSIKE: Wow... So you consider your wretched self one of the 'favoured' ''10%'' of Nigerians who live on ''above $2 a day"" while ''90%'' of us are wretched and starving on less than 2 dollars a day? Any more proof that some of you are the most deluded, ignorant, and stup.id creatures on the face of this planet? BIG BOY!!! Part of the 'exclusive' 10%! Baba Ke!!! Let me dobale for you... Big Boy!!! The rest of us are all starving!!!

DUMBITO X 100.
Don't mind some of these dummies that freely quote the "90% of Nigerians live on N160 ($1)" theory. If most Nigerians lived in such desperate conditions,do they think the rest of the "better off" 10% will be able to safely walk the streets of Nigeria without being 'eaten up' by a 90% desperately poor mass?
PoliticsRe: Kenyans Surprised: Jonathan And Crew Visited Kenya With 7 Private Jet [video] by publisher(m): 10:33pm On Jan 02, 2014
ROSSIKE: And what about you? Worthless unemployed loafer. What have you created?



Oh your problem is we don't have enough 'billionaires' now is it? Confused DUNCE. When you see those same billionaires now your spiteful lips will release more rubbish in their direction, calling them ''money launderers blah blah'' like you did above.

Dunce. How many times have you followed the Inidian PM's entourage to know who is accompanying him on his trade missions?

Dumb illiterate, Kenya is not in Nigeria's TOP 100 ''trading partner''. Olodo dropout.



Nigeria refines over 50 million barrels of crude in a year, exports far more petroleum products than Kenya ever will

http://www.eia.gov/dnav/pet/pet_move_expc_dc_nus-nni_mbbl_m.htm

and most refineries function at over 60% capacity today, something you don't know, and do not care to know because you are a self hating cretin who hates his heritage and has his nose constantly outside worshiping others blindly. As for the Mombasa refinery, (the sole refinery in East Africa) you must referring to another planet because the co-owners of the refinery, Essar have divested from it amidst financiers abandoning it for lack of economic viability.

https://www.standardmedia.co.ke/business/article/2000097818/kenya-shops-for-new-mombasa-refinery-partner
God bless u my broda,I love the way you used ur indepth analysis to send these self hating APC E-rats back into their dirty holes. Noticed none of them had the balls to counter ur post for over an hour now.
I follwed this report last year and most Kenyans were amazed,impressed and envious as to how a fellow BLACK African country can boast of so much 'Big boiz'. The lady in this video simply expressed a subtle form of bad belle; instead of these APC E-diots (who happen to be Nigerians) to chastise her, they are busy siding with her and running down their own country just because they hate GEJ.
God punish them.

PS: GTBank just acquired a major Kenyan bank.
PoliticsRe: APC Drops Buhari & Picks Tambuwal As Presidential Candidate? by publisher(m): 6:27pm On Dec 31, 2013
Pasca07: @publisher, u are wrong GEJ swept all SW except osun state lol don't let emotion becloud ur sense of reasoning
Thanks, correction made.
PoliticsRe: APC Drops Buhari & Picks Tambuwal As Presidential Candidate? by publisher(m):
All these political calculations will become rubblish after next years national conference.

Those saying Yorubas will not vote GEJ are clowns.

In 2011 elections,GEJ swept South-West except Osun. Out of shame Tinubu and his apologists began to spread lies that it was Tinubu tha handed South-West to GEJ. If that had being the case,why did Ribadu win in Osun? Did Osun people choose to disobey their lord and master Tinubu?
Tinubu's influence is only limited to local, state and business matters in Lagos and a few South-Western states. But in federal issues,GEJ is king and GEJ WILL SWEEP LAGOS and a few South west states in 2015.

MKO Abiola,just like Tinubu,a Yoruba muslim became close to most powerful Northern muslims. He won elections yet they betrayed him and killed him.

Any Yoruba person who forgets this history is a bloody f00l...and I don't want to believe that Tinubu and his fellow Yoruba APC co travellers are f00ls too.

Here's hoping AFONJA's spirit has not resurrected.
EducationRe: Nigerian Students Study In One-block, Portakabin Ghanaian Varsities by publisher(m): 12:59pm On Dec 22, 2013
[size=15pt]GHANA UNIVERSITIES-A JAMB failures' paradise![/size] grin grin grin
PoliticsStakeholders Call On CBN Governor To Resign. by publisher(op): 12:44pm On Dec 22, 2013
Stakeholders Call For Sanusi’s Resignation
-Say CBN Governor Acted Irresponsibly

THE civil society and other stakeholders have described the latest twist in the missing $49.8 billion oil fund as a demonstration of gross incompetence by Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi. They also demand his immediate resignation, while urging the Federal Government to set up a judicial commission of enquiry to probe details of the transactions and related documents.

Last week, Sanusi admitted before the Senate Committee on Finance that his claim that the fund was not remitted was an error. He disclosed that the shortfall in the remittance was $12 billion.

Bamidele Aturu, a human rights practitioner, noted that the admittance either implies that Sanusi has no adequate knowledge of what his job requires or that he has compromised the integrity the office of the CBN governor. He described the twist as tragic and a signal that the country’s economy is managed by people who are ignorant of the demands of their jobs.

Aturu said Sanusi ought to have tendered a letter of resignation within 24 hours he admitted the “grave error.” This, he said, is necessary because the goof either means he is not thorough enough or that there was unholy intervention that forced him to retrieve his statement, which is not in the interest of sound economic management.

With the new position, the lawyer concluded, the Federal Government, the Nigerian National Petroleum Corporation (NNPC), the Finance Ministry, as well as the CBN have failed in their responsibilities to manage the economy.

“The people have been ripped off; the economy has been mismanaged; we don’t have competent managers of the economy. It appears to me that there was an attempt to do damage control. The government should set up a judicial commission of enquiry to probe the missing fund. We must take it away from the domain of the CBN and the Ministry of Finance while the documents are scrutinised publicly,” he demanded.

He said the high-powered probe is required to ascertain the authenticity of the alarm originally raised by Sanusi, saying the latest soft-pedal tactics cannot be relied upon. He wondered why the CBN, with its many professionals of diverse backgrounds could not be depended upon to give the country a flawless account of transaction that is based on simple arithmetic.

Beyond the debate on whether the money is missing or otherwise, Aturu said Nigerians deserve to know where it is warehoused or what it is used for, as they cannot be bamboozled with mere documents.

Besides, Aturu is just one among millions of Nigerians who are getting bored by the usual altercation over mismanagement of oil fund. He is asking the government to rather utilise the resources to address social deprivation that pervades every part of the country.



Similarly, Liborous Oshoma, a public affairs analyst, said the CBN governor displayed “gross incompetence” when he admitted that such sensitive information was erroneously transmitted. He said Sanusi, as chief treasurer of the country, is expected to be well informed about how money comes and leaves the Federation Account, noting that “he might not know everything but he has a team of expert to work with.

“Everybody with deep knowledge about the industry knows that there are modalities for collecting revenues in the oil and gas. The avenues are equity crude, royalties, taxation and others. All these are statutorily collected by different bodies: royalties go to the Department of Petroleum Resources (DPR), while equity is the only portion the NNPC collects and remit to the Federation Account.”

Oshoma observed that a more dutiful CBN should have been informed about history of the collection and remittance. He said Nigerians bother less about the $49.8 billion since Sanusi raised the alarm because corruption has eaten deep into the system.

He said the allegations raised by Sanusi are not the kind that should be overlooked notwithstanding the whistleblower’s change of position.

“It is not enough for Sanusi to say that the letter was not a concluding of the investigation. It is a mild way of saying he has made a mistake and that the country should forget it. We should look beyond politics or sentiments and demand to know how money enters and goes out of the Federation Account. This should be the concern of every Nigerian,” he said.

The question is whether the last statement on the issue has changed the public perception that massive fraud is still being perpetrated in the petroleum sector, notwithstanding government’s pledge to curb corruption. It may not really make any difference after all. Oshoma said Nigerians only take the disclosure as another trick to placate the public.

He said Sanusi should have thought about the impact his earlier revelation would have on the public before raising the alarm publicly. This, he said, is “because once you make pronouncement, it is difficult to retrieve it. The general opinion is that agencies involved must have reached a compromise.

“The initial response of CBN’s spokesman was that he could not admit or deny the letter but that they just realised that money was not coming into the account the way it should. That was too elementary to come from a respected organisation like the CBN. If we want to expose corruption in an agency of government, we should do thorough job so that the story will be consistent and believable. Only God knows how many of such mistakes were made in the past to which the public was not privy.”



Former President of the Chartered Institute of Bankers of Nigeria (CIBN), Mazi Okechukwu Unegbu, who has always faulted the manner CBN manages information, said Sanusi’s turnaround only demonstrates the view those who manage the country’s economy hold towards their offices. He said the twist of event, he described as shocking, is testimony that the leaders are not still ready to approach the economy with seriousness.

According to him, the manner Sanusi has reduced such sensitive issue to “a joke” only points to a country that foolishly tells the world that it is not ready to be taken seriously. He also linked the misinformation to the country’s inability to keep proper data.

After admitting the error, Sanusi pleaded with the Ahmed Makarfi-led committee to give him some time to reconcile figures with other relevant ministries, departments and agencies (MDAs).

Sanusi said: “I repeat…that we did not see the letter as a conclusion of our investigation but an invitation to investigate. So, the conclusion that $49.8 billion was missing was wrong even though we had the allegation that it was not remitted.

“I found it very unfortunate it was leaked to the press and the answer is ‘Yes’, the CBN Governor did send that letter with those contents. By way of those contents, the Central Bank, the Finance Ministry and the government were very much concerned over the years at the very low rate of accretion to the reserves in spite of very high level of oil prices and in particular, depletion of excess crude account in spite of what seems to be very high level of oil sales.

“Now, in investigating and trying to understand where those leakages were, our attention was drawn to a huge difference between what appeared to be export of crude made by the NNPC and amount repatriated into the crude equity account of the Federal Government.

“The numbers were about $65 billion exported by NNPC and about $15 billion repatriated to Federation Account out of that. Now, in line with our duty as the banker of the government, we had the responsibility of alerting the President and request a thorough investigation of this matter.

“Since then, a lot has happened. We have had the Minister of Finance, Minister of Petroleum Resources, Central Bank, Federal Inland Revenue Service (FIRS) and the Department of Petroleum Resources (DPR) set up technical team and have started a process of reconciliation and there has been a lot of progress in that process.

“That progress has been the provision of Monetary Policy (MP) by Monetary Policy Committee officials to show that even though they did ship that amount in question, which is little more than $67 billion, about $24 billion was actually not their crude but crude shipped on behalf of third parties like oil companies, tax in crude and also for third party financing and that already addressed half of the amount.

“So, the second half is the issue around domestic crude lifting of $28 billion from which we feel there is a shortfall. There is a general consensus among us on this even though the amount has been disputed. For us in Central Bank, there is a shortfall of $12 billion.

“Now, we still are in the process of trying to reconcile that number and we have not even started talking of the sales, the export sales tax, which is about $2 billion, which will come after the sales tax and the Finance Ministry has told us that even before now, there is ongoing negotiation and discussion with NNPC ad-hoc committee and these numbers have always been discussed at the level of commissioners of finance.”

Meanwhile, Coordinating Minister for the Economy/ Minister of Finance, Dr. Ngozi Okonjo-Iweala, informed the committee that only $10.8 billion (not $12 billion as admitted by Sanusi) was yet to be reconciled.

“What we have done so far shows that for the $49.8 billion, and that’s the first point we want to make, there are some misconceptions or misunderstandings that led to this number and we have been able to come to the conclusion that we can account for this amount,” Okonjo-Iweala stated.

The committee, therefore, directed the CBN and relevant MDAs to conduct comprehensive reconciliation and report back in writing as soon as the process was concluded.

In the past weeks when the matter has been in the public domain, NNPC had engaged the apex bank, accusing Sanusi of playing politics with the claim that the corporation failed to remit the money into the Federation Account from January 2012 to July 2013.

Its Group Managing Director, Andrew Yakubu, insisted the alarm was targeted at ridiculing his team, adding that it was a “political instrument for the 2015 general elections.”

Sanusi, like many other Nigerians, had in recent times condemned the leadership of the NNPC over poor oversight of the oil sector and mismanagement.


http://www.ngrguardiannews.com/index.php/business/business-news/141552-stakeholders-call-for-sanusi-s-resignation
PoliticsRe: Nigeria’s Economy Largest In Africa As Rebasing Boosts GDP To $405bn by publisher(m): 10:18am On Dec 21, 2013
[quote author=Omo_Tier1]I am sure ten years ago, you were still roaming the streets in your village, hence the reason you did not know that[b] Nigeria musicians right from the 60s were mega rich taking into account the Naira value! [/b]

The earning power of most Nigerians have not changed considerably in the last ten years, rather what have changed is the population of those earning decent wages have upscaled, that is why nigeria is now regarded as a middle income earning country.

Stop attributing the growth Nigeria has witness in her economy to one inept puppet in Aso rock. Even though I have so much to say against Obasanjo, however, to His credit, several bold reforms He initiated is still one of the reasons the country is standing today even in the face of the blatant looting of the highest proportion by the present corrupt and visionless government.

If anything, I would attribute the meagre growth in the economy to the local domestic liberalisation of the towns and pseudo urban towns by some hard working governors as the main contributing factors rather than any bold policy of growth by the government in centre. Facts abound to buttress my conclusion further.[/quote][size=13pt]You are a dirty liar! Of course we had a handful of musicians doing well back in the 60s/70s but how wide spread was it? How many small boyz and girls of those days became millionaires after just ONE HIT SINGLEhuh

Use ur head abeg!

Which one be 'local domestic liberalisation' and 'hard working governors'? So,in other words, FASHOLA had something to do with Psquare's or Dbanj's success? He is the one that pays to buy their albums,and pays people to attend their concerts? Abi na 'Hard working governors' they offer them brand endorsements?

Which hardworking governor is responsible FLAVOUR'S popularity in Kenya,Cameroon and Gabon?

Oh boy.....you need help and prayers.

Tufiakwa cheesy grin
[/size]
PoliticsRe: Nigeria’s Economy Largest In Africa As Rebasing Boosts GDP To $405bn by publisher(m): 9:43am On Dec 21, 2013
[size=13pt]God will save some negative Nigerians o.....

Okay,let's ask ourselves,about 10/15 years ago,how much did Nigerian entertainers earn? Did we have millionaire musicians,comedians,actor,actresses,DANCERS,Producers, Directors,Radio/TV presenters, Bloggers,Events organizerhuhhuh Wouldn't all these people have been part of our poor masses if Nigeria's economy had not grown big enough to accommodate a vibrant entertainment industry?

I've not even mentioned the cell fone/recharge card vendors,cashiers at shopping malls,online retailers,Tellers at banks,Tricycle operators,technicians and of late FARMERS.

Some people here will only agree that Nigeria is improving when government knocks on every Nigerians' door daily and offer them pocket money.

Truth is Nigeria's economy has improved greatly and with the successful privatization of PHCN,things can only get better on the longrun. Some improvements have already started,at least if you visit any former PHCN office today,you'ld notice a more organised set up. grin

[/size]
PoliticsRe: Nigeria’s Economy Largest In Africa As Rebasing Boosts GDP To $405bn by publisher(m): 9:23am On Dec 21, 2013
Keneking: PDP controlled Jobless economy.
PDP controlled Jobless people!
FoodRe: Ibadan Restaurants by publisher(m): 9:22am On Dec 21, 2013
SADE ELEJA @Mokola is the way forward!
FoodRe: Ibadan Restaurants by publisher(m): 9:21am On Dec 21, 2013
[quote author=freedom@last]Segi's restaurant, groundfloor, Femi Johnson "glass house" at Dugbe, not far from shoprite and cocoahouse.[/quote]Are they still there?
EntertainmentChimamanda's Novel Americanah Voted Best Book Of 2013-BBC by publisher(op): 11:56am On Dec 20, 2013
Our illustrious daughter Chimamanda Nogozi Adichie's latest novel 'Americanah' has be voted as best novel of 2013 by the BBC.

According to the BBC:
Chimamanda Adichie is supremely smart. She has won the Commonwealth Writers' Prize (for Purple Hibiscus), the Orange Broadband award (for Half of a Yellow Sun), and a MacArthur 'genius' grant. With Americanah, a star-crossed love story that spans three continents, she proves she is also supremely funny.

Ifemelu leaves her boyfriend behind in Nigeria to study in the US. After her initial disorienting days as an immigrant and a string of humiliating jobs, she finds an outlet in a satiric blog. "Dear Non-American Black, when you make the choice to come to America, you become black," she writes. She becomes a Princeton fellow and dates a Yale professor. After 13 years her heart brings her back to Lagos, where she is not 'black'. She's Igbo. And Americanah.

Adichie is fearless when writing about love, hate and shades of blackness. She tempers her directness with wry humour as she holds up a mirror so we can see ourselves.


Read more: http://www.bbc.com/culture/story/20131218-the-ten-best-books-of-2013
PoliticsRe: I Did Not Write Any Letter To My Father-iyabo Obasanjo by publisher(m): 6:18pm On Dec 18, 2013
I'm sorry o but are APC/Anti-GEJ peeps this dumb?

Iyabo Obasanjo called RAINBOW FM? As in,what level of spread and popularity does Rainbow fm command? She couldnt call,Nigeria info, Ray Power, (APC's) Radio continental or Star fm....haba!

Surprisingly,even Sahara reporters has gone a step further to confirm Iyabo Obasanjo's state of mind with Segun Osoba,who was also mentioned in her letter.

Has it not occured to peeps here that PDP still has moles in APC. Or that there are several APC members that are not happy with Tinubu's autocratic tendencies?

Iyabo Obasanjo WROTE that letter,but perhaps had not planned on releasing it just yet,that's why it wasnt signed. But someone close to her or her family did the releasing.

Fact is that IYABO OBASANJO WROTE THAT LETTER.

Datz all.
PoliticsRe: Eko Atlantic Is Starting To Rise by publisher(m): 2:53pm On Dec 16, 2013
pandriod: GO AND DIE!!! FOOL.
[size=13pt]Ewooo,dis one don get partial stroke already. Sorry sir [/size] shocked
PoliticsRe: Eko Atlantic Is Starting To Rise by publisher(m): 2:09pm On Dec 16, 2013
[size=13pt]I'm praying that Tinubu, Fashola and APC have not used this Eko Atlantic project to hoodwink their gullible (Yoruba) supporters.
Why waste billions of Naira to sand-fill a coastline for a new city when Lagos already has a lot of fine 'coastal' land around Badagry/Epe zone...EXCEPT the dredging contract was awarded to Tinubu's cronies. grin

I respect Asiwaju and co though,they have been able to divert their peoples attention towards the goings on in Abuja,while they milk Lagos and the Southwest dry.
Adams Oshiomole has refused to play ball with them,dont be surprised when they send their media dogs (Punch,Vanguard,The Nation) after the Edo governor. tongue[/size]
PoliticsCBN Directors Disown Sanusi's Letter by publisher(op): 2:11pm On Dec 15, 2013
A crisis of confidence appears to have hit the Central Bank of Nigeria (CBN) over the controversy generated by the letter written by the governoor of the apex bank, Mallam Sanusi Lamido Sanusi, in which he claimed that a whopping $49 billion was missing from accruals to the federation account from oil sales.
Indications in Abuja were that a number of officials of the CBN were taken aback by the letter Sanusi wrote to the president.
It was gathered that the Federal Government has confirmed that the deputy governors of the apex bank have disowned the letter written by their governor.

Sources within the bank stated t[b]hat the deputy governors and a number of directors are worried that there were no justifications for Sanusi’s letter.
A source quoted one of the stop figures at the CBN as saying that the apex bank workers were worried that the said letter emanated from the bank without any memo to that effect.[/b]

Government plans audit report on agencies
It was also confirmed that following the letter by the CBN governor, the Federal Government has decided to unveil a number of audit reports on some of its agencies.
Sources confirmed that the Federal Government had, in recent times, undertaken audit of its agencies, including the CBN, and was worried when it got the letter from the governor of the apex bank.
According to a source, the Federal Government has actually undertaken an audit of its key agencies and and was miffed to hear that a whopping $50 billion was missing from one of the agencies already audited by reputed firms.
It was gathered that the president immediately referred the letter by Sanusi to the Nigerian National Petroleum Corporation (NNPC) for explanation.
Sources said that the Sanusi letter was set aside after the government got detailed explanation from the NNPC.
“The government is of the view that the time has come to act on a number of lapses spotted by the audit firms. There are issues with the CBN and a number of organisations, as confirmed by the audit. The CBN itself was indicted in a number of areas and the indictment could actually be responsible for the failure of the CBN to get the right statistics on NNPC’s account,” a source said, adding that once the review of the audit report was completed, none of the indicted officials would be spared.

CBN has questions to answer –NNPC
Meanwhile, the NNPC said on Saturday that the CBN left a number of questions unanswered in its allegation that the said fund was missing from the federation account.
It also accused the CBN of parading unreliable oil production data on which it based its calculation, even as it affirmed that only the Department of Petroulem Resources (DPR) could provide authentic oil production data in the country.
The Group Managing Director (GMD) of the corporation, Mr Andrew Yakubu, had, on Friday, accused Sanusi of deliberately playing politics with oil revenue accounts which the CBN, on monthly basis, reconciles alongside other agencies like the Federal Inland Revenue Service (FIRS) and the DPR.
On Saturday, the NNPC, speaking through its Group Executive Director, Exploration and Production, Mr Abiye Membiri, dared the CBN governor to tell Nigerians the oil revenue remittances by the FIRS and DPR accounts which he said were domiciled in the bank.
He said the letter written by the governor of CBN only confirmed that the NNPC had remitted its share of the earnings from oil sales, asking “what about remittances by the other two agencies?”
According to Membiri, the letter written by Sanusi was economical with the truth about oil collections. He added that the CBN governor refused to state what was paid by other agencies charged with the the responsibility of receiving money on behalf of the federation.
“We are happy the CBN admitted that NNPC paid into the federation account. The question now is what happened to the remittances of other agencies’ oil revenue? Is the CBN saying the accóunt is zero?” he asked.
The executive director also wondered how Nigerian could survive, if truly such a huge amount of money is missing in an economy which depends mostly on oil revenue, adding that “the claim is false and unfounded. Where are you going to keep $49 billion without the audit trial revealing such? Where will you keep that type of money that the international community and even Nigerians will not raise alarm? If fifty 50 billion or so is not paid into the federation account, Nigeria would have collapsed.”
According to Membiri, the accusation is curious and political because the CBN did not raise the issue in any of the monthly account reconciliation meetings.
He particularly questioned the data used by the CBN governor on the ground that the comparison should have commenced from 2010 to the present to see whether remittance from the NNPC is normal or otherwise.
Membiri noted that current returns in the oil sector was affected by pipeline vandalism, oil theft and increasing production cost, declaring that even if there were discrepancies in the production returns, the amount involved could never be up to figures quoted by the CBN governor.
NNPC, CBN, DPR, FIRS meet Tuesday
In the meantime, the raging controversy between the CBN and the NNPC has neccesitated a meeting between the agencies involved in the matter.
These include the CBN, NNPC, FIRS and the DPR. The meeting is scheduled to hold on Tuesday to reconcile oil revenue remittance accounts.
Membiri disclosed that the NNPC and other agencies would meet the CBN on Tuesday to go through the accounts. According to him, the agencies would present their records to prove that no oil money was missing.
The Director of Petroleum Resources, Mr George Osahon, also corroborated Membiri and explained that the meeting on Tuesday would straighten out everything, even as he clarified that there was no dispute over production figures .
“We will meet and we will present our records. As far as we are concerned, we will wait for the meeting to hear what happened to our remittances to the bank,” he said.

Source: [url]http://www.tribune.com.ng/news2013/index.php/en/news/lead-stories/item/28644-cbn-directors-claim-ignorance-of-sanusi%E2%80%99s-letter-%E2%80%A2apex-bank-has-case-to-answer-%E2%80%94nnpc-insists-%E2%80%A2firs,-dpr,-nnpc,-cbn-to-meet-tuesday-%E2%80%A2fg-may-release-audit-reports-on-cbn,-others.html[/url]
PoliticsGEJ Should Sack His Media & PR Team Now. by publisher(op): 11:01pm On Dec 14, 2013
It took Forbes Africa magazine to nominate Nigeria's minister of Agriculture as person of the year before Nigerians began to accept that great developments have occured in our Agriculture.

For almost a week now,political opponents of GEJ have peddled very serious allegations bodering on the competence of the Nigerian President-take the OBASANJO LETTER for example. Yet we have not seen a detailed and swift government response to these allegations,days later.

All we got was a brief statement from Reuben Abati,promising a response-,we are still waiting.

The Presidents' media handlers have now left room for Nigerians and the opposition to continue to speculate, deeply digest and germinate these allegations such that even when a government official response is given,it will be waved away as lies or an after thought.

The president should assemble a pro-active media team that can effectively counter any allegations against the government in less than 12hours.
Not what we have now where we have to wait days for a Labaran Maku to organize a press conference at Radio house Abuja.
BusinessAre There Deep-sea Fishing Vessels In Nigeria? by publisher(op): 7:35pm On Dec 14, 2013
[size=13pt]With long coastal areas and inland water ways,why is Nigeria still importing fish?[/size]
PoliticsList Of Major Nigerian News Media And Their Political Affiliations by publisher(op): 4:35pm On Dec 14, 2013
[size=14pt]FYI cool

1. Punch Newspaper (formerly national and balanced) - APC/Opposition
2. Leadership Newspaper - CPC/APC/Northern interests.
3. Guardian Newspapers - BALANCED
4. Thisday Newspaper - BALANCED
5. Premium Times - APC/Northern interests.
6. Daily Trust - Northern interests
7. Sahara reporters: APC / Tinubu interests.
8. Tribune - surprisingly BALANCED
9. Sun Newspaper - Neither here nor there,pure tabloid,interests in screaming headlines only.
10. Daily Times - BALANCED
11. Vanguard Newpaper (formerly national and balanced) - APC / OPPOSITION
12. TVC - Hard core APC/Tinubu interests.
13. Channels TV - BALANCED
14. Silverbird News - BALANCED
15. NTA - PURE PDP
16. Business day - positively BALANCED
17. AIT - BALANCED
[/size]

DO YOU AGREE? smiley
BusinessRe: What Are The Products Nigeria Make? by publisher(m): 11:39pm On Dec 13, 2013
solomon111: ^^
you forgot to add computers.
I was surprised to find hundreds of zinox computers being used at uniben IT centre.
BusinessRe: What Are The Products Nigeria Make? by publisher(m): 11:38pm On Dec 13, 2013
solomon111: ^^
you forgot to add computers.
I was surprised to find hundreds of zinox computers being used at uniben IT centre.
You are right!

31. Computers (Zinox, Omatek)
BusinessRe: What Are The Products Nigeria Make? by publisher(m): 11:33pm On Dec 13, 2013
[quote author=Lagos_Boi]I will comment on this one even though i came late, many naija products

Pakurumo
Action Bitters
Oshomo
Ogidiga
koboko
kerewa
dadubule
Yahoo
Sabina
Chelsea


OMG !!!, I don forget ''pure water'', Yes it's made in Naija[/quote]LAME
BusinessRe: What Are The Products Nigeria Make? by publisher(m): 11:19pm On Dec 13, 2013
1. CANS -used to package drinks & beverages
2. Brake pads, Nuts & bolts, Screw drivers,Padlocks,Aluminiun sheets.
3. Electrical wires and cables.
4. Poultry and Eggs.
5. Beef,hide & skin.
6. Processed cotton
7. Cosmetics for skin care and hair
8. Bread varieties,including Agege bread. (In countries like Cameroun, and Gabon,sliced/flavoured bread is imported from France.)
9. Noodles- Golden Penny, Chikki,Dangote, Mimee,Honeywell,etc (wouldnt add indomine cos its a multinational)
10. Juices- Dansa, Funman, Fresh, etc (Wouldnt add Chivita cos its a multinational)
11. Yogourts/Fresh Milk/etc
12. Numerous varieties of biscuits and sweets (Ok foods,Hansbro etc)
13. Cornflakes, Rice cripsy, Coco-puffs (Infinity foods and co)
14. Numerous Plastic products
15. Clothings,Textiles, Shoes,Jeans & Belts.
16. Small/Medium sized ships and boats (Nigerdock)
17. Roofing Sheets/Tiles (Nigerite and co)
18. Cement
19. Paper
20. Mattresses/Pillows/Furniture.
21. Wall Paints and Brushes
22. Bottled,Sachet and Dispenser water.
23. Drugs (Orange drugs, Swipha, Emzor, Nigeria-German chemicals etc)
24. Soaps and detergents.
25. Toothpaste (Though with international affiliation)
26. Recently- Vegetable Oil and Groundnut oil (Power oil)
27. Glass and Window fittings
28. Pampers (though with international affiliation)
29. Vehicles-production & assembly (Innoson,Anamco etc)
30. Electricity prepad meters (recently comissioned)

....don't f^ck with NIGERIA.

You may not like the president,politicians or ruling party,but Nigeria still offers us many things to be proud of.
BusinessRe: What Are The Products Nigeria Make? by publisher(m): 11:16pm On Dec 13, 2013
1. CANS -used to package drinks & beverages
2. Brake pads, Nuts & bolts, Screw drivers,Padlocks,Aluminiun sheets.
3. Electrical wires and cables.
4. Poultry and Eggs.
5. Beef,hide & skin.
6. Processed cotton
7. Cosmetics for skin care and hair
8. Bread varieties,including Agege bread. (In countries like Cameroun, and Gabon,sliced/flavoured bread is imported from France.)
9. Noodles- Golden Penny, Chikki,Dangote, Mimee,Honeywell,etc (wouldnt add indomine cos its a multinational)
10. Juices- Dansa, Funman, Fresh, etc (Wouldnt add Chivita cos its a multinational)
11. Yogourts/Fresh Milk/etc
12. Numerous varieties of biscuits and sweets (Ok foods,Hansbro etc)
13. Cornflakes, Rice cripsy, Coco-puffs (Infinity foods and co)
14. Numerous Plastic products
15. Clothings,Textiles, Shoes,Jeans & Belts.
16. Small/Medium sized ships and boats (Nigerdock)
17. Roofing Sheets/Tiles (Nigerite and co)
18. Cement
19. Paper
20. Mattresses/Pillows/Furniture.
21. Wall Paints and Brushes
22. Bottled,Sachet and Dispenser water.
23. Drugs (Orange drugs, Swipha, Emzor, Nigeria-German chemicals etc)
24. Soaps and detergents.
25. Toothpaste (Though with international affiliation)
26. Recently- Vegetable Oil and Groundnut oil (Power oil)
27. Glass and Window fittings
28. Pampers (though with international affiliation)
29. Vehicles-production & assembly (Innoson,Anamco etc)
30. Electricity prepad meters (recently comissioned)

....don't f^ck with NIGERIA.

You may not like the president,politicians or ruling party,but Nigeria still offers us many things to be proud of.

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