₦airaland Forum

vicadex07:
All the questions are inter connecting.
Don't answer just one and leave out the several others

Shame you couldn't even counter an all encompassing response to your copy and paste trolling .

mrmetoo1:
Dude, I don't care if you believe me or not. This is the truth. I don't have a single reason to lie.

Please next time before you call someone a liar do yourself a favor and do a little research.

http://www.vanguardngr.com/2014/05/ekiti-2014-controversy-opinion-poll/

Stop blabbing and consider a more recent link below giving Fayemi a whooping 68% preference

http://thenationonlineng.net/new/ekiti-guber-election-poll-rates-fayemi-ahead-fayose-bamidele/

mrmetoo1:
I keep hearing this social media didn't predict Ekiti thing and I've always ignored it. Social media, internet polls actually predicted a win for Fayose.

I think it was NOI polls and Omojuwa on Twitter posted it the night before. I remember this because I was thinking it couldn't be right. So when you guys say social media doesn't matter, think again.

Again elections don't take place on Twitter but people on Twitter vote and have families. These are not people that are isolated and just dropped from heaven, they have people they talk to. I'm on Twitter and for that reason, news gets to me faster than the regular person. I then go ahead and educate those not as active on Twitter about the news.

You'll agree with me that everyone on Twitter has families and most families share the same views

Please you guys are mixing this thing up, APC is the opposition. APC is still a minority party, how would it be then that are planning to rig massively? The PDP has all the federal might and it's APC that'll win through rigging?? This doesn't add up my guy.

Why the lies ? Fayemi was clearly dusting Fayose on social media.

menesheh:
Harsh dogs are busy sleeping waiting to lay their havoc while the feeble dogs are busy ranting, South East, South south, North east are busy doing pressup for the final fight to defeat.


Empty vessel makes the loudest noise ever.


PDP supporters will see any topic whether against or in support, just pass it by but desperate APC fan must like, comment and share any post with them or against them with pretty much nunber of cloned twitter, Facebook, nairaland etc account (one APC e warriors do 100 accounts; unverified)



Those regions high in Internet usage are the list discuss ing issues on twitter while the least regions with low illiteracy level and Internet usage are the people discussing issues on Twitter (south west exceptional)


They try shaa let's watch and see

True talk

lastpage:
WHEN WILL JONATHAN STOP DEPLETING OUR NATIONAL TREASURY?

This inept President is running this country aground as he keeps changing our earned Dollars into naira (thereby reducing the purchasing power of the Naira and weakening it .... $1 = 215 as of Today!)

He keeps sharing out our money just to bribe people to vote for him and causing disaffection amongst Nigerians

This man should end up in jail, once he gets booted out on March 28.

[url]http://saharareporters.com/2015/02/27/jonathan-gave-us-money%E2%80%94lagos-igbo-leader[/url]

Last page

Must you be this daft ? Read the title of the thread and address your stupidity.

jaybee:
how can it be working when there is no feedstock? have you seen power generation chart these days? it is going down. meaning even the working power plants are dwindling.

simply put, gej and PDP are confirmed scammers.

Lies, our generation capacity has risen to 5,000MW. go figue that out.

APC goats every where

TheOtherview:
I take back what I wrote earlier.
My vision was a bit hazy when I mistook your post for the rant of an ill-informed TANoid.

Meaning you have now realized the OP is a well informed jaweedian. well done!

lastpage:
[s]Most of these people dont know their left from their right hand.
Buying and Selling may not be that difficult as long as you can mix some "fake products" in-between to even-out your profit.

But when it comes to basic economics of a surviving business, these clowns are on a long thing.

For example:
Let us assume South Africa (just for examples sake) which has about 50,000MW of electricity manufactures this same car that is supposedly manufactured by Innoson, [size=18pt]with automation due to stable electricity[/size].....

*In terms of numbers, it will produce about 10,000 units..... when Nigeria is still labouring over 50units using [size=18pt]manual production due to lack of Electricity[/size]
*If S/Africa uses ten men to supplement that automation...... Nigeria will need like 500 men. to produce that 20 in a month

Now, when we look at COST of PRODUCTION ( WAGES of Workers, materials, ground space, e.t.c), you will easily see that to break-even, Nigeria might need to sell its own vehicle for say $50,000 ...to cover all cost and still make small profit..


While S/Africa may just sell its own at $20,00 each to cover all costs and make profit.

So, all things being equal, (lets even assume all other factors like quality of the vehicle are the same) in a globalized market place, who will buy the same vehicle for TWICE THE PRICE,... when they can get it cheaper elsewhere for HALF THE PRICE?

If the Plant does not sell its STOCK, it will become short on operating funds (except maybe Jonathan will start subsidizing it as well, just like Fuel! )
In a short while, it will fold-up! ...or perpetually depend on Govt subvention
This is one of the reasons products from China for example, could sell very cheap (automation leading to mass production)

We use to have the likes of Volkswagen, Peugeot, FIAT, and many more "Vehicle Assembly" in this country (and many more textiles industries who rely on constant power supply) in the past but one after another, they fold-up due to "bad operating environment".

You can build a "White Elelphant Project" like this, just to fool those who have no sense but in a short while, your folly would be exposed.

A sensible Govt will first focus on INFRASTRUCTURE..... the most important being ELECTRICITY.
With that in place, all other developmental projects will be come sustainable

Lastpage![/s]

Trash

jpphilips:
Gas is not solely owned by Nigeria, if the owner of the gas doesn't agree to the terms of your MOU, wont you commission the one that belongs to you?
Peter odili used generator to commission Trans amadi gas plant because Shell has not agreed to an MOU at the time of completion.

Are you suggesting that you will not buy a vehicle because there is petrol scarcity?

I wont commission a car without the gas tank in place. That is what exactly OBJ did.




The commisioning today was about the phase 2 project which Gej has full rights to.

Dasini:
I worked at ewekoro between 2011-2013,and has a friend who work in this plant,it is a stone throw from ewekoro, even the road that leads there is in a terrible state, and the truth, the plant has been there since obasanjo days, he laid the foundation stone, built and commissioned, jona is just doing expansion work, he should stop deceiving people. We know beter than he thinks. Mambilla, olorunsogo, papalanto, alaoja, and many more are baba's project.

Baba commissioned an uncompleted project that wasn't working. Obj should be stoned for deceiving the masses

jpphilips:
So why did AIT sensationalize the headline? if AIT told us that Jonathan is kick starting the Oloronsogu 2 gas plant and commissioning of the gas pipping work, nobody will argue because that was exactly what he did there.
If he agrees to that, then we will all kill fowl for who initiated and completed the project.

Why should an uncompleted project be commissioned in the first place by obasanjo, isn't that deceit ?

jpphilips:
[s]I cannot prove to the last point all the things you wrote, but here are the achievements that are proven and indisputable;




FELLOW NIGERIANS, IS THIS THE PRESIDENT YOU DESERVE?

May the Judgment of God not befall us and our families if with our votes we deliberately return a Govt of Hunger, corruption and death to the Nigerian people. Kindly distribute through your BBM and Whatsapp contacts, enough is enough!!


December 2014: Nigeria stooped to the lowest of all lows to invite Chad, one of the poorest countries in the world to fight Boko haram.
Since their arrival, the Nigerian army under Jonathan's failed leadership has made unprecedented gains in a short time.


November 2014, Jonathan shocked Nigerians with the news that Boko haram has taken control of 6 towns in 4 LGA’s the height of incompetence in balkanizing the Nigerian state, a week later, Nigerians were blown away by series of austerity measures handed to them for their stupidity in 2011.

The naira was devalued at the pretext of drop in oil prices but Nigerians never asked why the Naira never appreciated when the oil price was increasing?
If the foreign reserve were not stolen, Nigeria would have weathered the storm for at least 6months like we did during the global melt down of 2004 and 2008, unfortunately, the incompetence of the Jonathan administration has brought grave consequence on the Nigerian people, Inflation and high cost of energy are likely consequences.

According to Will Ross of the BBC “He said he hoped a parliamentary investigation would also find out why the country's Excess Crude Account had fallen from $11.5bn to under $2.5bn in a year - arguing that Nigeria's savings are a vital buffer against any drop in the global oil price and without this "rainy day" account, the economy is vulnerable and exposed.

October 2014; Ladies and Gentlemen, the President of the Federal republic of Nigeria uses a militant Asari Dokubo for black market gun running, evident from the grounding and seizure of over $10m by the South African authorities.
September, 2014, The Nigerian Government admitted ferrying over $10m in a private jet for arms procurement, where do we draw the line between money laundering and arms procurement? I asked myself about the recent helos that was delivered by Russia recently if it was purchased in the same manner, agree with me or not, Jonathan is neck deep not just in corruption but money laundering.

August 2014: As a result of the unabated corruption in the Nigerian Military, Mutiny of July gave rise to Boko haram declaring a caliphate on Nigerian Soil, Gentlemen and Ladies, Jonathan Has once again made a history of Incompetence. Never in the history of Nigeria have we ceded territories to bandits.


July 2014: saw a president who went to sleep while neighboring West African countries battled with the Ebola virus, his negligence paid off when Patrick Sawyer brought the deadly virus to Nigeria unabated. Since August 2012, when the Ebola outbreak began, The Nigerian govt had no single emergency response plan in place.
$11m emergency fund and N480m budgeted for the control of infectious diseases in the 2013 budget never got to the Lagos state government, the Nigerian Ebola Epicenter.
Still in June, we saw the worst abuse of his Royal majesties powers when he barred APC Governors from attending a rally in Ekiti state with soldiers, meanwhile Boko Haram is still having a field day in the North.
The senate revealed to Nigerians how the president Mis appropriated over 685b kerosene subsidy fund


May 2014: [/b]left us with this shocking statement
“Jonathan, who was asked to comment on the allegations of corrupt practices leveled against some of his ministers, had said that nobody was above mistakes and that if he were to be acting based on reports on each of them, “no one will stay for more than six months in office.” [b]Mere stealing we call corruption"
Still in the same month after the corrupt tales of embezzlement and diversion of military budget, the clueless one finally offered Amnesty to a terrorist group, the first of its kind, in the world.
An Indication that the Jonathan’s administration is run by a den of thieves.

April 2014: reminded us the climax of Jonathan’s administration where he went on a jamboree while book haram held over 200 young girls, hostage,
April never ended before the Dizeani madueke’s 10billion naira scam reached a climax.

March 2014: just before the centenary celebration where Abacha of all people was a beneficiary, scores of Innocent school children were murdered in Adamawa sate.

Feb 2014: saw the illegal suspension of the CBN Gov.at a time the nation was in dire need of foreign direct investment, the Kidnap of the president’s foster father is a realistic score card on his strides on security.
January 2014, a presidential committee was set up to investigate the October scandal of stella odua who came with a guilty verdict, yet she kept her job.

December 2013: ushered the yuletide of Obasanjo’s “before it is too late”, several corruption allegations and the extremism of the Jonathan’s administration, the impunity of plundering the people’ s common wealth and the tenacity of talking drums like Abati who have earned a reputation in insulting the sensibilities of Nigerians.10 bullet proof vehicles purchased by DICON for its top brass

November 2013: the CBN Governor raised an alarm that under Jonathan’s watch, the NNPC diverted $49billion dollars, fellow Nigerians, are we not tired of condoning corruption?

October 2013: ushered a month of corruption coronation in Jonathan’s camp, where the Aviation minister coerced the NCAA to purchase 2 fairly used armored 2008 BMW to the tune of $800,000 each.

September 2013: President Jonathan took a record breaking 600 men entourage for the UN General assembly in New york

August 2013: After the billions of dollars spent in revamping the nation’s airports, skytrax world airport ranking for Africa showed Nigeria didn’t make it to top 10 in Africa neither did it make it top 100th place in the world. Whereas Ethiopia and Mauritania made it to position 9th and 8th respectively, what a shame.

July 2013: transparency international rated Nigeria as the 8th most corrupt country in the world.

June 2013: World Bank appraised him thus;

“Nevertheless, improvements in social welfare indicators have been much slower than would be expected in the context of this growth. Poverty reduction and job creation have not kept pace with population growth, implying social distress for an increasing number of Nigerians. Progress toward the fulfillment of many of the Millennium Development Goals has been slow, and the country ranked 153 out of 186 countries in the 2013 United Nations Human Development Index” the World Bank said.



May 2013: The president after wasting tax payer’s money on an entourage as long as the third mainland bridge went sleeping while his foreign affairs minister represented him in his presence during the AU summit in Addis ababa.
Just outside President Goodluck Jonathan's office sat 17 ambulances, just in case he or one of his aides fell ill. They were seldom if ever used.

No actual health-care facility nationwide had as many, and in fact a few still have none at all. But as soon as a Nigerian newspaper took a photo of the ambulances and published a story about them, they suddenly disappeared -- probably to an underground garage.

March, 2013: we witnessed the height of moral bankruptcy when Mr President granted presidential pardon to the biggest criminal in the history of our democracy, Alamesigha to prepare him for a senatorial seat.

February 2013: amidst the short fall in crude prices, the president smuggled into the 2013 budget a 2bn appropriation fund for the office of the first lady

February 2013: the office of the presidency denied vehemently that the first lady was on vacation in Germany only for them to organize a survival party with tax payer’s money. Is this the kind of leader you want to hold to his words?

In January 2013: the erst while madam due process and former minister for education challenged the charlatans of jonathans’ administration to a debate on accountability of $67b as expected, honorable cowards and pen thieves, absconded as usual


November 2012: President Jonathan approved 2.2bn naira for the construction of a banquet hall in the villa. At a time our debt profile was all time high

As commander in chief, he stood dumb while a military helicopter was used for "kabu-kabu" at oronto douglas father’s burial that error in judgment alone claimed the life of a sitting Governor. and the most brilliant NSA Nigeria has ever produced.

October 2012: blatantly refusing to appeal the ICJ’s decision on ceding bakassi, thereby throwing Millions of Bakkasi indigenes into pandemonium

refusing to cut down on foreign trips and cost of Governance, contrary to his Nationwide address of 7th Jan 2012.


October 2012: Mr president’s administration spent 1.5 billion to patch the 3rd mainland bridge, 4 months later, triple of that amount was expended again on maintenance alone, Talk about waste and incompetence

August 2012 : He said our foreign reserve is 42billion usd , is that not only on iweala's notepad?
How can you have external debt of 48bn usd and come home to deceive us that we have reserves?
How much services that 48bn plus interest annually? Nearly 25% of 48bn.


August 2012: Under his watch militants earn 10% of the Nation's revenue, $22.5m, $9m and $12.5m for tompolo, Ateke and Asari as national honors.

He twisted facts during the Independence Day speech on his fight on corruption, in contrast to what the transparency international claimed.
By august 2012, 2012 budget implementation was just 13%

over 5, ooo Nigerian lives gone, Mr president is still trading words and negotiating with boko haram, we remain grateful that a quasi state of emergency came to be, at least I cant imagine an SOE where the State Govs sit tight to control state funds while the FG fight their battle.

July 2012: its 3yrs gone and he is yet to commission from scratch a new power plant worst still fired the only human being in his cabinet who knows his onions in the power sector.

July 2012: Mr President earned a congratulatory message for implementing local content policy by importing 200 luxury brands at the cost of over 13.5 million each for a 4 day first ladies summit. While our manufacturing industries beg for patronage.

June 2012: Almost all teaching hospitals in Nigeria have no functional dialysis machine, the most sought of this equipment cost just 5m naira. Statistics has it that more than 60,000 Nigerians die yearly of a kidney related ailment, however, he jets out with his cohorts to seek medical help elsewhere.

ferma is seriously patching federal highways with a budget of over 80 billion naira, there is no coordination between, the MND, NDDC and Federal ministry of works on road maintenance, same contract is awarded over and over before the job is done.

JUNE 2012: Under his watch, the giant of oil and gas reserves is undergoing its worst energy crisis in the world.

tanker drivers alone can cripple his supply network as they wish not to talk of ordinary Niger republic coming to our rescue via imports.

In case you have not heard, Nigeria is very close to Afghanistan on security progress under Jonathan's watch.

June 2012: Education is in crisis. With adult literacy at 57 per cent, overall illiteracy at 66 per cent and more than 10 million out of the 30 million children of primary school age not in school, no serious government should be comfortable. When 40 million adults in a population of 170 million are illiterate, the country is ranked 161 out of 180 countries in the United Nations Comparative Index of Literacy 2012, and has an unemployment rate of 23.7 per cent,
it’s no longer news that only 26% of school leavers gain admission into the universities and only 5% are employed after school thanks to ASUU’s 6 months strike.

June 2012: Mr president’s economic blind men have blessed us with all time high of 37.5% inflation though his mickey mouse cbn governor is still claiming 28%, wondering what he will be claiming now that all bankers are at home, naira devalued, unemployment on the rise etc He still maintains a single digit inflation on paper, I dey laugh.


Mr president is the only Nigerian president that has not initiated a successful programme even Abacha did better with ptf while IBB with FSP and MAMSA, Mr president is still confused with ''YOU WIN''and SURE-P, with zero benefit to the Nigerian people.
on that same vein, Nigeria has the second record high job cuts within the last 2yrs, if in doubt ask the bankers and manufacturing industries.
before his ascension into power, the naira was in a sorry state of 150 to 1 dollar today, Jonathan has handed us an unstable 182 to 1 dollar

June 2012: The dana crash is a testimony that Mr president’s aviation is comatose, not even the attorney general could challenge the allegations of the dana staff in court, in a national disaster of that magnitude?
The girl could have served as a prime witness in a class action against dana
Less than 6months of inconclusive investigations, DANA air hit the Tarmac again.

Still on military, Nigeria has the most under educated junior military officers, before you ask how, Mr president is too lazy to ask him self why imo with highest national examination enrollments still have the least NDA and police academy enrollments, while borno and zamfara as educationally less privileged, have higher quota than Delta and Anambra put together in military enrollments. Nepotism and corruption at its best
Mr President is the only head of state in the world whose wife is a ministry of its own.



January 2012: Under Mr president’s watch, a 250bilion subsidy programme rose to 2 trillion naira yet no arrest, no conviction, no sack, the best miserable Nigerians could get was an AWOL attorney general after 7days of protests. Height of incompetence and corruption.

Mr President is the only president in the world whose parliament gulps 75% of the national budget as alleged by the CBN Gov. yet they still soak themselves in $625m bribery scandal.
Jonathan has not even initiated let alone fulfilling a single campaign promises except the one that he needs to surround himself with brain dead women in his cabinet.


Nigerians say thank you Sir, for your 6 wasted years of leadership.

VOTE PRESIDENT PROMISE JONATHAN AT YOUR OWN RISK!! AFTER VOTING HIM, DON'T COMPLAIN WHEN YOU VACATE YOUR DUPLEX TO LIVE IN A UNITED NATIONS PROVIDED TENT AS A RESULT OF INSECURITY.

[/s]

Trash

Reptyle:
But going by the discussions on this thread, no one has been able to state for a fact that this government has constructed or even rehabilitated 25,000km of roads across the country.

The link you posted for instance points to a presentation on the power sector reforms and most other respondents have only reacted emotionally with no attempt at concrete proof.

See why a Fashola would speak the way he did?

Did you even bother to objectively study the presentation to arrive a figure even though it is dated ?



The presentation had status of ongoing projects which can easily be disputed by well informed folks

shiningshina:
What?!! Are you saying that "rehabilitation" and "construction" mean the same thing?!

Rehabilitation can involve construction.

Delafruita:
fashola's claim was correct because fashola was referring to inner city roads which are mostly constructed with interlockin stones.those roads where constructed from scratch and created as alternative routes to major routes.examples include the aggboroko-igbo-elerin road which enables drivers bypass traffic at iyana-iba and okokomaiko when connecting from lasu-iba expressway to badagry expressway.another bypass on that same route is from iyana-school to anibaba-iyana-isashi which achieves same purpose while another on that same route is from iba jumction to aratumi to anibaba-iyana-isashi which also achieves same purpose.another currently under construction is from ipaiye to inner aratumi to iyana-isashi.all those listed routes achieve same purpose of been alternative routes and they were all constructed from scratch and thats just from one route.i can list many others like that

Will you stop lying, how many inner roads in Lag were paved with interlockung stones and how many of those roads were started from scratch.

You are talking to a resident lagosian.

bokohalal:
Make, create, build = construction.

Leave Fashola alone for for now as we are talking about the phantom 25,000 kilometres of road CONSTRUCTED by Goodluck Jonathan.

Why should we leave Fasola alone when he hypocritically critique the FG on this regard.

bokohalal:
Bros, there is a difference between REHABILITATED and CONSTRUCTED.

oya see below

Rad1cal:
Rehabiitating roads involve construction, rehabilitation goes beyond patching potholes . the Benin Ore road was rehabilitated.
Fashola in Lagos has claimed contructing over 300km of roads which involves over 95% of rehabilitation. How many new roads did he construct ?

bokohalal:
Bros, there is a difference between REHABILITATED and CONSTRUCTED.

oya see below

saintkash:
if it does then wat stops u and gej from using d word "rehabilitated" instead of "constructed".
thief should be called a thief and ole be called "ole". gej-2015

Rehabiitating roads involve construction, rehabilitation goes beyond patching potholes . the Benin Ore road was rehabilitated.





Fashola in Lagos has claimed contructing over 300km of roads which involves over 95% of rehabilitation. How many new roads did he construct ?

Reptyle:
I give you "rehabilitating dead roads."

Now, plus rehabilitation, reconstructions and construction, HOW MANY KILOMETERS OF ROADS HAS THIS GOVERNMENT ACTUALLY DONE

havent you perused the link i provided here ?

bokohalal:
It does not.

Really, so when counting constructed road networks in Nigeria you will avoid mentioning the Benin ore road

saintkash:
bro u still didn't answer my questions. ..GEJ rehabilitated benin - ore road is different from gej constructed benin - ore road etc... list roads constructed by GEJ administration simple. .am sure u r among d 5million nigerians plying gej train transformation. lets get facts clear

so rehabilitating dead roads doesnt amount to construction. God have mercy

http://www.slideshare.net/TransformNG/
ministry-of-works-progress-challenges-
rsdt-version-final-fec-template-modified

should serve as some guide.

Sweetlemon:
Since you insist on having it your way then fine. The bolded just exposed your Jonathan with his long list of uncompleted and still-on-paper projects.

See yeye talk.

Sweetlemon:
The bolded is my point. Don't you get?! Poor maintenance culture spoils all the buses, trains, projects in the country for now. Even this one he's commissioning now will later be like BRT. But Eko Atlantic is a legacy. There, different investors and stakeholders will be working on it.

As for Lagos airports, Ambode will complete it and we all know that. Lagos government hardly embark on what they cannot finish. Mention one abandoned mega Lagos project. When I say abandoned I mean abandoned. Not uncompleted. Thank you.

Just like Fashola completed the fourth Mainland bridge in his 2007 electoral promises.



There is a very thin line between uncompleted and an abandoned project. i have seen lots of abandoned mega school projects in Lagos. The badagry 10 lane express road is more or less abandoned, the lekki express road is another.

Sweetlemon:
It's an LASG initiative. Give them credit for the idea. And I have no doubt that it will eventually be completed because work is seriously going on there and investors are tripping in. Tell Jonathan to come up with his own unique initiative. Something that will leave a legacy behind and not some trains or buses that are bound to be mismanaged due to low maintenance.

See her rattling about . The same Lagos that couldnt manage her dilapidated BRT busses , or the same Lagos initiative that has completed the Lagos Airport , 4th Mainland bridge and monorail .

The Abuja -Kaduna brand new rail line will soon be commisioned, and you dare talk about efficiency of Lagos State in delivering on mega projects.

Sweetlemon:
Those of you shouting monorail project.

Can you compare any other project in this country to Eko Atlantic??

mumu, is the Eko Atlantic a solely Lagos State project ? has it been completed yet ?

Change is when APC supporters hail the stoning and destruction of PDP personnel and properties as the people anger but will accuse others of being paid when they experience same.






Change is when they hail Fashola as the best administrator Nigeria needs , but will shove him aside and pick an illiterate non certified general to stir her rudderless ship.

See this Lamido oo

Mention the names of the power plants added by Patience good-luck to our NIPP that is up and running as at 17/02/2015, mention the name and its installed capacity.

The Geregu 2, Omotosho 2 and the Olorunsogo 2 all fully financed by the current admin are working, even the abandoned projects due to financial constraints were all resuscitated

Investors funds were eroded, hello where are you getting your gist from? Oh! Sanusi's looting of Access bank right? you want to blame Soludo for that?
What is the difference between Sanusi's Bail out funds and Prof Soludo's EDW (extended discount window) that Sanusi had to murder the investors confidence in those banks?

Soludo oversight function was glaring insufficient which led to monumental sleaze in the banking sector. don't try to act smart .

Now, writes Adeniyi, “As Sanusi resumed at CBN, his first mandate from the president was to examine the state of the banks, to ensure that all was well and that the fears being expressed in certain quarters were unfounded. As it turned out, the fears indeed were not unfounded. As a former bank CEO with vast experience in risk management, Sanusi knew what to look for in the banks. After studying internal memos, various reports and correspondences, and also interviewing regulators, bankers, business persons, government officials and other stakeholders, he became convinced that some of the banks were, figuratively speaking, on life support.

“Sanusi’s review of activities in the Expanded Discount Window (EDW) particularly revealed some unsavoury details: some banks were almost permanently locked in as borrowers and were most often unable to repay their obligations. When CBN decided to temporarily shut the EDW to these banks, they, in desperation, turned to banks like UBA, which had excess liquidity, but such funds were lent at very high premium rates. Four banks were in this dire strait.

A fifth one was also a frequent borrower on the EDW. While these banks were not the only beneficiaries of the EDW, the persistence and frequency of their demand, by Sanusi’s reckoning, could only be a manifestation of a deeper malaise, which CBN identified as a probable source of financial instability.

“In unraveling what exactly was going on in some of these banks, Sanusi gave clues to the CBN examiners with regard to the areas to look for and the questions for which they should seek answers. By the time their assignment was concluded, the preliminary report was just a validation of what he had always suspected: five of the ten banks whose books were examined were in serious trouble.” (pp93/94)
- See more at: http://www.vanguardngr.com/2015/02/soludo-missing-trillions/#sthash.aZTTeO8N.dpuf

Sauce

Only a sub standard brain like yours will be satisfied that Nigeria, with GDP of over $500b, population of over 170m people, Military size of over 138,000 soldiers to beg for help from one of the poorest countries in the world,anyone who fails to realize this unprecedented anomie, the height of a denigrating fall from grace to grass, happening under the indolent president Patience Jonathan is unpatriotic, a charlatan, Nincompoop and pack of mediocre.

Are you crazy to ask Chad for help? your military errand boys? because they have enshrined meritocracy in their military you are going to ask for help you shameless r@tard, you support every evil from this administration but when the consequence becomes obvious, you run for help. you must be dumb sick in the head.

You are such a daft little soul, Book haram can only be defeated decisively if our neighbors crush their cells running the show along border towns.



Maybe a fool like has been ignorant of the series of meeting Mr President has been having with his neighbors to nip terrorism in the bud, now that request has been granted , cowards like you sit here and rant all day.

[s]Buhari? oh please! I don't care if you vote him or not, anything that is not Jonathan is OK!! by me, your answers to the questions above will determine if you deserve another chance or perhaps one of those internet trolls as usual[/s].

trash