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OP. . . . . . . you are on a looooooooooonnnnnnnnnngggggggg thing! ! ! |
ola olabiy:Ola olabiy. . . . . . . . . . I have been reading this thread and i find most of the posts very interesting and informing but i am surprised that this is your answer to the very simple question asked. I'll post the contents of your link in case you missed some of the points. , . . Albania Central Bank Buys Landmark Tirana Hotel The Albanian government announced on Wednesday that it will sell the landmark Dajti Hotel in Tirana to the country’s central bank for €30 million. Dajti, which was Tirana's only luxury hotel during the Stalinist rule of former dictator Enver Hoxha, fell into disrepair after the regime collapsed in 1991, and has been closed for the last few years. Previous plans to turn the hotel into the foreign ministry offices were contested by the municipality of Tirana due to the building's historical value. The oldest standing hotel in Albania, Dajti was build by an Italian architect, Gherardo Bosio, during the Fascist invasion from 1939-1943. It is assumed that Dajti will serve as offices for the central bank while its headquarters in Skenderbej square are renovated. However, because the hotel will also need extensive renovations, some local observers say that its acquisition amounts to nothing less than a loan from the bank to the government. Reacting to the acquisition of the hotel by the central bank, the Socialist opposition accused Governor Ardian Fullani of complicity in hiding the government's mismanagement of public funds. “Governor Fullani has become a partner with [Prime Minister] Sali Berisha and is keeping him with Albanians’ money,” Socialist MP Erion Brace told reporters on Thursday. “The head of the central bank is abusing his position in order to hide the government’s bankruptcy,” Brace claimed. Albania has seen falling revenues in the last two quarters as a result of slower growth, while efforts to emit 400 million in Eurobonds have been plague by the Greek debt crises. The sale of the hotel could be a way to avoid a short-tem liquidity crisis due to the high-interest commercial loans that it took in 2009 to finance massive road building projects. Your post is disappointing! ! ! ! |
Saw this article on the back page of Thisday newspaper this morning. I hope it's a joke, the CBN planning to run a poultry farm ![]() |
CBN Set to Develop Its Own Poultry Farm 04 Jul 2011 Reports reaching us indicate that the Central Bank of Nigeria (CBN) has concluded plans to build its own poultry farm, which will, upon completion, be the largest poultry farm in Nigeria. This is in line with the latest direction of the CBN of becoming a diversified and profitable entity. To further this dual purpose of profitability and diversification, the new CBN poultry will supply the public with eggs and old layers. It will also supply chicken and eggs to the planned CBN hotel and conference centre. The CBN is confident of the profit potentials of its latest ventures as both the poultry and the CBN Hotel will rely on the long awaited CBN power plant for cheap power supply. Issues hampering the implementation plan for the CBN poultry were the delays caused by other stakeholders at the CBN who believe that hospital development is more lucrative. The poultry farm won out after a vigorous debate between the members of staff of CBN promoting it and those who thought that fish farming and cattle rearing were more promising. There is clearly a new creative impetus at CBN these days and the staff members promoting the fish farming and cattle rearing ventures are confident that if they can demonstrate vertical integration, their business plans would be implemented next. So, you think that the above is far-fetched. Think again. Our CBN under Sanusi Lamido Sanusi has gone way off kilter. The main job of a central bank should be price stability and the related task of managing interest rates and the exchange rate. The CBN merely pays lip service to these fundamental primary tasks and therefore has failed woefully in these areas. The National Statistical released by the National Bureau of Statistics (NBS) on June 16, 2011 indicates that Nigeria’s inflation rate climbed to 12.4 per cent in May 2011. What this means is that the average farmer and civil servant just had their purchasing ability sliced to 87.6 per cent of their earnings. As you will see later, this is merely a start, as the policies of this CBN are definitely going to take us to territories of more than 20 per cent inflation rate. This is someone who was handed a CBN that had managed our inflation rates to below 10 per cent, during a period in which world oil prices were up to $145 per barrel. In addition, this CBN has by its own irrational statements and actions dried up credit for businesses from the banking sector. Additionally, with oil prices aided upwards by the Arab uprisings, our CBN has managed to maintain a fast dwindling foreign exchange reserves as a result of the poor management of the reserves by the CBN. Every month, the CBN governor promises that there will be relief on the foreign reserves and every month, the opposite is the case. As you can see, our CBN should have their hands full in carrying out the primary functions of a central bank, but that is far from what they have been doing. We will not focus on the various political statements that the CBN governor has decided is his past time. Instead, we will focus on the actions of our CBN that have contributed directly in its failure to actually achieve the price stability that is its primary function. In the past one year, starting in March 2010, our CBN has spent over N900 billion on the so-called Intervention Funds. These include the N200 billion Commercial Agriculture Credit Scheme; the N300 billion Power and Aviation Intervention Fund; the N200 billion Restructuring/Refinancing to the Manufacturing Sector/SME; and the N200 billion Small and Medium Scale Enterprises Guarantee Scheme. Let us use the example of the Power fund. According to Lamido, it was set up to help finance badly needed power projects in Nigeria. Except that in light of the fact that most of the investments in the power sector are to come following the on-going privatisation process, there was no need to release the entire amount into circulation. However, what our CBN does is that once it announces the creation of these funds, it moves the amount to the Bank of Industry who deposits them with partner banks for onward accessibility to the lucky recipients. So if it takes another four years to disburse, the country is burdened with money in circulation that it did not need to be in circulation. This is the case with all of the intervention funds. CBN therefore has done more to spur inflation than any other government policy in Nigeria and economists like Henry Boyo have warned that CBN should look forward to inflation rates of 20 per cent or higher if it continues with these policies. Even if the CBN should be the entity setting up these intervention funds (which it has no business doing), such funds should not be released out of the CBN until the recipients have fulfilled all requirements and are about to use them for productive activities. A cynic would say that the CBN should know this and that the only reason for releasing the funds so prematurely is to extend the period of playing the same deposit kickback game that the CBN governor has accused Nigerian government officials of playing with their public sector funds (where the partnering banks pay something to the originators of the funds placed with them as deposits). More importantly, when there is no oversight or accountability other than the CBN (a non-elected body) over the disbursement or spending of these funds, there is substantial room for significant corruption and bad practices. The speed with which the CBN has established these funds in the past one year during a period when the CBN governor was warning about the inflationary impact of the elections speaks to the suspicion that these funds were not primarily meant for the announced purposes. It is unfortunate that the CBN is the only entity in Nigeria that can spend public funds without a need for appropriation or such funds being earmarked in the corresponding year’s federal budget. Our constitutional requirement of budget and appropriation does not cover the CBN. Last month, our CBN placed various advertisements in Nigerian newspapers and magazines inviting tenders for the design and management of its new project of building a hotel and conference centre in Abuja. Many people were relieved that this CBN has finally decided to start abiding by the Nigerian Public Procurement Act requirement of performing a tender for public procurements, which this CBN had not abided by in the past when it retained the services of advisers for its various activities. However, even people who believe that Abuja may need world-class hotels and conference centres are wondering why the CBN is the entity building one. A review of comments in various Nigerian chat rooms are negative, with many advising our CBN to focus on its set roles and leave property development to the likes of Tayo Amusan etc. One commenter in Nairaland even said that since our CBN has become a profit seeking entity, he should be allowed to buy shares of CBN, as he believes in the viability of this hotel and conference centre. This is how ridiculous ordinary citizens of Nigeria now think our CBN has become. It is instructive that one of the seminar acts of this CBN governor is preaching specialisation to the banks that he supervises. By proscribing universal banking, he has forced banks to focus on commercial banking and exit other areas and sectors of the Nigerian economy. Now that CBN is getting into real estate and other sectors, one is wondering if merely Sanusi was worried that the banks, with their deep pockets, posed bigger risks of competition for CBN in these sectors than Amusan etc. and therefore made sure to get rid of them as competitors prior to announcing CBN’s own ventures. Otherwise, why is focus important for commercial banks and not CBN? It is sad, because many people were hopeful that Sanusi would maintain the stability that Soludo had fostered at CBN, but Sanusi has sadly been wrong as a CBN governor and disastrous for the Nigerian economy. He has failed to appreciate the limited role of a central bank in a country. Our CBN under him is failing in their primary functions of maintaining price stability and reserve management. Instead, our CBN’s own initiatives have been detrimental to these primary functions. The CBN needs to dial back and leave governance to the government, but focus on fighting inflation and its other primary functions. It needs to leave intervention funds to the appropriate ministries and the National Assembly. Finally, one is embarrassed to have to remind CBN that it should have no business setting up its own hotel, power plant or for that matter its own poultry farm. • Mr. Alewu is a lawyer/public affairs analyst based in Port Harcourt |
batimoore:i agree with you. The album is TRASH! ! !. . . . . . . . a complete waste of my money. |
What sort of title did the admin give this thread on the homepage ![]() The title is Video Evidence Of Massive Rigging! and not Youtube Video Of Woman Thumbprinting Voter's Cards? |
Nigeria we hail thee! |
sorry. . . . this topic has alraedy been posted. continue here https://www.nairaland.com/nigeria/topic-635046.0.html |
My people. . . . . . . over to you!!! http://www.saharareporters.com/news-page/tv-debate-media-group-sends-president-jonathan-advance-questions |
Sagamite:He's probably on GEJ's payroll. . . . and his job is to support GEJ on Nairaland. . . . . at all cost. . . . even in the face of damning evidence. The guy has simply sold his soul for a pot of porridge |
. . . . . . . . after a long search. . . . . this thread finally confirms that. . . . . . the GREATEST MUMU on Nairaland is . . . . . BEAF! |
My facebook profile picture is BUHARI & BAKARE . . . . . and will remain so till after the election. I post status updates almost everyday, showing why we should vote for BB. I even posted the analysis of the Manifesto of Buhari vs GEJ as a note. A friend called me yesterday. . . . we spoke for over 30 mins. . . . he was trying to convince me about Buhari, seeing how passionate i am about it. I will try as much as i can to ensure everyone i know votes for BB. |
samstels: YES!!! |
Siena, assuming you are Nigerian. . . . . . . . you should consider relocating to naija. . . . . and set up an auto-medic shop. . . . we need people like you around. Meanwhile, if u have people you can recommend, it would also be a good idea. |
Olodo president that wants expo before the debate. What is he going to tell the SSCE students looking for WAEC & JAMB expo ![]() |
Siena:Siena. . . . . . sorry, just seeing this. . . . . . not been to this thread since the 7th of March. Don't have the part numbers now but i will make inquiries when i see him. I probably got carried away with the fact that the car is working. Thanks |
yuzedo:Absolutely correct. . . . . . . . . . in most cases!!! |
Thanks guys. . . . . . . The car is up and running. . . . . thanks to the part numbers Siena provided. I actually got one that had the first number provided. I've been moving the car around since Saturday and i hope to observe it for about one or two weeks. Thanks again. |
KunleOshob:Kunle. . . . . . . . did u actually post that? ![]() . . . . better find your way back to the Religion section. |
Siena:I'm seeing the auto-electrician tomorrow. . . . . . .but i already sent him the part numbers. I should have enough info as soon as i see him. . . . . i'll surely keep you posted. Thanks man. |
Siena:Oga Siena, You are the best. . . . . . . . can't thank you enough. . . . . . . i'll keep you posted on the progress. Thank You!!! |
Siena:Thanks man. I'll ask the guy working on the car for the part numbers. |
Kunle-A:Thanks Kunle. You helped me with the VIN check when i wanted to buy the car. I never even drive the car. It's so annoying and frustrating. |
Siena:Thanks Siena, i knew i would find some help here. Here are some of the car details: Vehicle Information: 2006 TOYOTA COROLLA CE VIN: 1NXBR32E26Z692378 SEDAN 4 DR 1.8L L4 FI DOHC 16V FRONT WHEEL DRIVE The car is an automatic. The first owner of car purchased the car in Texas 2006. |
Hi all. I bought an American specs 2006 Toyota Corolla CE in December 2010. After registering the car, i took it to my house and the same night someone scaled the fence into the compound, broke the windscreen and stole the BRAIN BOX. I thought the problem will be solved by simply getting another brain box and doing the necessary programming. After the brain box was installed, the car seemed to work fine but after some time, the car would go off and even when it is on, it would not raise no matter how much u press the accelerator. Other brain boxes has been tested and the problem keeps reoccurring. Please i need help, i never even wash the car. |
smells like SCAM!!! |
aspabay:Absolute rubbish. @OP before you decide to go ahead with the marriage or relationship. . . . . . .you should consider living with someone with SS for a few months (especially when in crisis). . . . . . .it is not a pleasant experience at all. The kind of pain and discomfort they go through can only be explained by them. My advice: Forget the relationship and move on. . . . . . . .a few months of heart break is better than a lifetime of pain and sorrow u will probably put some people (including you and your wife) through. |
Kunle-A:Kunle. . . . . . . you are the best. . . . . . thank you very much. . . . . . .God bless you. |
Thanks Kunle for your info. I posted the this VIN 1nxbr32e26z692378 and your report was quite informative. I am about to pay 1.6 million for the car. do you think it's a good deal ![]() |
Hi Kunle, please help me with this VIN 1nxbr32e26z692378 Thanks. |
The item I value most in a relationship is HONESTY. I can't tolerate anyone (especially someone i love so much) lying to me. I had this girlfriend that i hoped to marry. She claimed she would never lie to me but i noticed she was telling half truths and concealing information from me. I was totally disappointed. In my opinion - lies, half truths and outright concealing of information are all the same. I have since moved on but i find it really hard to forgive her. |
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