₦airaland Forum

Hi fellow gooners,supporters of the best football club on the planet,welcome back from the international break.I do hope none of our players got injured during the break,they all represented their various countries creditably.

I also hope they dont forget that the momentum is with them in the EPL even as Birmingham beckons,three points in each game all the way (with the exception of maybe the two draws they're permitted to have)

FG: Nigeria’ll Not Enter Recession

The Federal Government, in its Medium-Term Expen-diture Framework (MTEF) and Fiscal Strategy Paper (Revised), submitted to the Senate by President Umaru Musa Yar’Adua for approval, has indicated that although, the rate of economic growth in Nigeria is projected to decline next year, the nation would not enter economic recession due to government’s fiscal and monetary policies.
The covering letter to the MTEF dated September 29, 2009, was read on the floor of the Senate last Wednesday, by the Senate President, Senator David Mark.The document, prepared by the Budget Office of the Federation, indicated that “fiscal policy for 2011 to 2012 has been formulated in a difficult macro-economic setting, with economic growth forecasted to slow to just 2.61 per cent in 2010 and inflation currently above its long term trend.
“The government has, therefore, had to carefully balance the potential benefits of an expansionary fiscal policy on aggregate demand and short term economic growth, against the negative effects such a policy might have on inflation, macroeconomic stability and long term economic growth.” the report said. The MTEF and Fiscal Strategy Paper noted that “headline inflation is forecasted to decline in the medium term, due to decreased aggregate demand and successful implementation of policies to control inflation by the Central Bank of Nigeria (CBN).
According to the report: “The Naira to US dollar exchange rate is forecasted to stabilise at 147, over the medium term, with the upward pressure on the exchange rate caused by a projected increase in the price of oil, negating the downward pressure caused by the high rate of inflation in Nigeria, relative to the USA.“The rate of economic growth in Nigeria is projected to decline in 2010, due to a fall in aggregate demand caused by the global recession.
However, due to government's fiscal and monetary policies, Nigeria will not enter recession and the rate of economic growth is expected to increase in 2011 and 2012.” The document noted: “government plans to increase thebenchmark price of oil from $45 in 2009 to $50 in 2010; this will result in a substantial increase in budgeted oil revenue from N969 billion to N1,184 billion between 2009 and 2010, despite a forecasted decline in oil production.
“There is a further increase in oil revenue in 2011 to N1,396 billion due to an increase in the benchmark price of oil to $52.5 and increased oil production. Further increases in the benchmark price and oil production drive an increase in oil revenue from N1,396 billion in 2011 to N1,566 billionin 2012. “The benchmark price for oil is forecasted to be below theprojected market price for oil in 2010 of $57.20; this means that as long as there are no unexpected shortfalls in oil production or non-oil revenue, savings should accrue to the ECA in 2010.“Non-oil revenue in 2010 is forecasted to decline from its 2009 budgeted amount and there are two reasons for this decline.
“Firstly, non-oil revenue collection targets in 2009 were set at an ambitious level and may not be met.“Secondly, non-oil revenue may decline due to the slowdown in economic growth caused by the global downturn. Total Federal Government revenue is forecasted to decline from N2,265 billion in 2009 to N2,096 billion in 2010; with the decrease in non-oil revenue outweighing the increase in oilrevenue.”


http://www.thisdayonline.com/nview.php?id=156826


Are these politicians for real,in my book,Nigeria has been in recession for so many years now,going by the definition of recession:

Definitions of Economic recession on the Web:

In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction.
en.wikipedia.org/wiki/Economic_recession

A slowdown in economic activity marked by less consumer spending and often also by higher unemployment.
www.mariner.org/chesapeakebay/century/vocab.html

A temporary slow-down in economic growth
www.think-energy.co.uk/ThinkEnergy/16-18/glossary/Default.aspx

A decline in economic activity (GDP) that persists for at least two quarters


So nairalanders after going through the above,do you think Nigeria is in recession already or you're going with the FG's position that Nigeria is not

emiwanlee:
they will qualify for 2067 world cup

Errrr bros,I'm sure there was an error in your post,instead of 2067,don't you mean 2010

Where are all the guys with their calculators,oya come and use simultaneous equation and pythagoras theorem to calculate how the eagles will qualify at the expense of Tunisia

Sagamite:
See Page 21, Article 17, point 6.

http://www.fifa.com/mm/document/tournament/competition/fifa_wc_south_africa_2010_regulations_en_14123.pdf

Yes I just read Page 21,Article 17,point of correction
And it states that Nigeria is going to miss out of SA 2010 and Tunisia will qualify

It keeps getting better,Tunisia beat Kenya 1-0 today,the ticket belongs to Tunisia who have now consolidated their points lead on the table

Zenith Bank Plans N300bn Bond

Zenith Bank PLC is set to raise N300billion from the Capital Market by way of Corporate Bonds. The bank will seek approval of the Shareholders at an Extra-ordinary General Meeting scheduled to hold later in the month.
Proceeds of the Bond will be used to finance infrastructure and projects in specific areas of the real sector of the economy.
Project and infrastructure finance require long-term funding and the bond will enable the bank take advantage of emerging opportunities in developmental finance.
The bond will be issued in tranches based on need and market conditions.
It will be recalled that Zenith Bank financed major infrastructure developments in the past including the Lagos Port expansion project and the terminal building of the Lagos Airport.

A different court, sitting in London, and backed by the full resources of the Metropolitan Police will take very little time to verify such evidence. Which is why, in the ongoing London Crown Court case against his associates, their highly-paid defence counsel did not raise any objection in open court when these same allegations were placed on record by the prosecution.

Keep it up folks, this man is not sleeping well at night.
https://www.nairaland.com/nigeria/topic-333734.0.html

MrCrackles:
How can you say he is not a criminal?
Someone who was convicted of theft and fraud in the UK?
Someone who looted his state treasury on a monumental scale?
Should i go on?

Be not surprised my friend,my countrymen are mostly very unbelieveable

SapeleGuy:
I don't know quite what to make of all this. There were similar accusations against Bola Tinubu and drug trafficking and money laundering.

http://www.saharareporters.com/index.php?option=com_content&view=article&id=782:bola-tinubu-heroin&catid=1:latest-news&Itemid=18

See how quite easily and soon you've contradicted your own self.You said people should concentrate mofre on happenings outside Delta State in order not to be seen to be tribalistic or hypocritical (I wonder how that can be),now you are fighting tooth and nail to shift the searchlight away from the subject of this thread and you're grabbing at the Tinubu,Grange and all other straws

See,the fact that unlike you,some of us don't have our nairaland usernames as OkparainlandGuy,or UghelliGuy,or KokoriGuy or EvwreniGuy or PataniGuy does not mean you're the only Deltan on this forum,so quit grieving more than the bereaved as you are not Ibori or come out and tell us what connects you to him,so we can address you appropriately

@ OP

To watch ALL the matches live ,do you even know what you're yarning ??

mkusua:
thats wat on all our mind, now we have beaten Mozambique can we qualify with that, the super eagles have turned fowls,

Please don't call them fowls,they are super you know

2Legit2Qui:
wasnt it a win you wanted, didnt they get it?

Honestly I was indifferent as I believe they can't make it,I feel the ticket belongs to Tunisia who have consolidated their points lead on the table with their 1-0 defeat of the Kenyans

[size=14pt]Heavy federal security ,that sounds like heavy federal MONITORING TROOPS to me[/size] 

Amodu,Oh Amodu
Such an arrogant ,ignorant fool

edoyad:
Birmingham aren't really a defensive side as such so i expect free flowing entertainment aka GOALS GALORE !

Goals galore it shall be then

Oh oh I'm sorry I won't be able to watch that match as it clashed with a more important match;THE KIDS DOWN MY STREET WILL BE PLAYING MONKEY POST

I'm really hoping for a splendid weekend  come Oct 17th
I expect Aston Villa to defeat Chelsea so the chavs will drop points again,Liverpool don't have a prayer against Sunderland(go ask Alex Ferguson) so their downward slide continues.Finally I'm hoping that Wigan re-enact the form they put up against the chavs when they host Man city on Sunday to ensure citeh drops points too     

Who's with me on this

[size=14pt]As far as I'm concerned,we have just four tricky ties this season,and we've dispensed with two of them (away to the two scummie clubs),while the remaining two will be away to the chavs on Feb 6 2010 and the damned spuds on April 10.We lost the first two,but we should beat the chavs at that their shaky shaky bridge and at worst get a draw against the spuds(I expect enuff rofo rofo bad belle game from them).

ALL other remining fixtures,both home and away,should give us three points,we do this and we land the EPL [/size]

Too early for such an award,what remarkable thing has he done to merit that award.To me it's nothing more than pandering on the part of the guys that gave him the award

[size=14pt]Birmingham beckons,we need the three points,of course if the lads can beef up the GD by scoring as many goals as possible,then I'll have two bottles of Moet Rose instead of one[/size]

s4:

[b]Was he convicted in Nigeria? Yes, He Was! Following his graduation from his criminal activities in the UK and arrival into the embrace of the murderous Abacha regime, he was also convicted in Nigeria by the Bwari Upper Area Court in Abuja, according to the judge who tried and convicted Ibori for stealing building materials from a construction site in Abuja.[/b]

Kai,see the type of petty thief that PDP gave the treasuries of my beloved state for "safe-keeping" for good eight years
Fellow Deltans;una doh

@ OP

Thx for starting this thread,we will continue to let the whole world know the real caharacter of the ex-convict,petty criminal,treasury looter and murderer called James Ibori

[size=14pt]''Operation Umaru Dikko'': International Dragnet targets James Ibori[/size]

Former Delta State Governor, James Ibori has unwittingly found himself in the middle of efforts by an international coalition to arrest and bring him to justice for orchestrating one of the most brazen and monumental cases of embezzlement and theft of public funds by any Nigerian State Chief Executive.


Amid the persistent feet-dragging by the Yar’adua administration which has continued to shield Ibori from the long arms of the law, and in what seems like an intent to insult and mock the collective sensibilities of law-abiding citizens the world over, the coalition involving anti-graft campaigners in Britain and the United States has resolved to arrest Ibori and transfer him to any jurisdiction across the western hemisphere, most likely, Britain, where he will be tried for corruption and money laundering.


Huhuonline.com has learnt from sources in the coalition that special operations units are now combing the streets of Nigerian cities with instructions to kidnap Ibori and transfer him to Britain or the United States. The dragnet, sources told Huhuonline.com has also been widen to China; the only country where Ibori now travels since any attempt to step foot in the western hemisphere spells doom for the former governor, who, of late has launched a massive media campaign to rehabilitate his hugely tarnished image; taking Nuhu Ribadu head-on in a bruising tit-for-tat media spat.


The uncharacteristic enterprise dubbed; “Operation Umaru Dikko,” after the audacious attempt by Israeli agents to kidnap and smuggle Umaru Dikko; former Nigerian Transport Minister out of London, is said to be masterminded by some past and present barons of the ruling PDP who feel relegated to the background after losing out in the power struggle that heralded Yar’adua’s ascent to the Presidency.


Huhuonline.com understands that James Ibori has become the most powerful and influential men in Nigeria today, having generously oiled the wheels of Yar’adua’s 2007 presidential campaign machinery. “Ibori is the kingmaker; all the noise about the so-called Kaduna and Katsina mafia is now history…Ibori is the boss,” a presidential source told Huhuonline.com, adding: “his tentacles stretch from the corridors of Aso Rock to the creeks in the Niger Delta. He is Yar’adua’s political Godfather and no Nigerian government official dare cross his path. The man is an untouchable.”


Sources have told Huhuonline.com that as soon as Yar’adua came into office, James Ibori put pressure on the President to remove Ribadu as EFCC boss. Ibori’s strategy was to buy time from prosecution by orchestrating the removal of Ribadu. The story was that Ribadu had messed up and lost respect among Nigerians for allowing former President Obasanjo to use him for political battles. If Yar’adua had to be taken seriously about fighting corruption, then Ribadu would have to go, Ibori reportedly told the President. Ibori had his way and Ribadu was not only fired and humiliated, but is now on self-imposed exile.


Many believe Ibori has an ally in Michael Aondoakaa, the Attorney-General and Minister of Justice. Aondoakaa’s attitude towards the fight against corruption is, perhaps, better understood against the background of his battle with the EFCC as one of the Counsel to the Benue State government in its action against the EFCC. The state government asked the court to declare the EFCC illegal body and that it had no right to investigate corruption cases against any Benue state official. That case was decided in favour of the EFCC.


To secure a second term, President Yar’adua must persuade state governors to stick together and back the ruling PDP again. That may be harder in 2011 than it was in the last two elections and it thus will amount to political suicide for Yar’adua to turn against Ibori in the countdown to 2011.


Huhuonline.com has learnt from impeccable presidential sources that the international anti-graft coalition has been mounting pressure on Yar’adua to make good his rule of law mantra by ending his protection of Ibori. Another important test of Yar’adua’s reform commitment loom: his willingness to sack the widely reviled AG Michael Aondoakaa in the coming reshuffle. That would remove one of James Ibori’s greatest cheerleaders in the government. Last month, three of Ibori’s female associates faced trial in London for laundering of funds stolen from the Delta State treasury. The outcome of this case will shape the future of Yar’adua’s presidency.


The accusations against Ibori are, indeed, grave and it would be a waste of time to catalogue the many crimes of James Ibori; rather it would be comforting to note that the noose is tightening around his neck as pressure continues to mount on Yar’adua to bring the former Delta State Governor to justice. Ibori is facing 103 counts of money laundering and corruption but the case is unlikely to ever go to trial let alone be resolved. Similar charges against him in the England brought by the London Metropolitan Police were dismissed after the Nigerian Attorney General; Michael Aondoakaa filed a petition that they be dropped.


James Ibori wields enormous influence and epitomizes everything that is wrong with the Nigerian character. James Ibori is no doubt fighting the battle of his life. Depending on how his luck holds, the next few months will determine whether he will remain the main power broker in the Yar’adua government as his enemies and detractors close up on him. Ibori is having sleepless nights, not only with the ongoing fight with Nuhu Ribadu, but he can no longer step foot outside the shores of Nigeria(Europe & America). But beyond all this, Ibori continues to play a game of survival by using his understanding of Nigeria’s political system to escape the law. Will he survive, will he sink? This is the question agitating the minds of political observers in and outside the corridors of power.

http://www.huhuonline.com/index.php?option=com_content&view=article&id=513:operation-umaru-dikko-international-dragnet-targets-james-ibori&catid=91:elibrary&Itemid=286

Never knew they were blamed

ikennahill:
Ibori will one day face justice one day,if not here it will be in heaven

He will surely face justice on earth here.The noose is tightening around his neck.Now he cant travel to the UK and US and most European countries.He can anly go to China and SA.Now that his corrupt political colleagues seem to be ganging up against him because they see him as one who has been getting all the favours from Yara confused,watch out for betrayal on a grand scale,mr james onanefe ibori,the odidigborigbo of criminals and ex-convicts go soon hear wennnnn

For more info on the yawa wey go soon gass for ibori head,read my last post before this one

MrCrackles:
Ibori is a fraudster, a born bastard, a convicted thief and a vagabond. . .
Anybody that praises Ibori's actions or has benefit ted from his thieving, looting and thuggery activities is a born bastard as well!

I concur