₦airaland Forum

soaktoto4garri:
@ngene the nemesis cum nightmare of saTANist. Digging up facts since 200bc. Tearing barstardnisa into pieces, trembling on jonadumb skull, and leaving taniods corpses on the runway

Sorry but comparing ngene to Barcanista is like comparing an Almari with a Unilag prof. Barnista is a very intelligent dude and never in same class with the likes of ngene

While neighbouring Osun is unable to pay salaries.
Thank you, Fayose

Congrats ma



Those followers[size=8pt][/size] of Daura-Dullard will hate this news

400billionman:
That is because..

Certificate is absent..

Effect of an illiterate govt in Aso Rock

OrlandoOwoh:
Buhari shouldn't give the Peace Committee any audience. The election are over.

You have low intelligence

favoured234:
What is whatever?
Let me see the first link and close your own...

Oga, me didn't see any other link oo . . .

[size=15pt]Propaganda



Propaganda



Propaganda[/size]

Nigeria adopts unorthodox currency measures

Maggie Fick in Lagos
[b]
The Nigerian government has resorted to chopping down trees lining the streets of its capital to thwart black market money changers, one of a range of unorthodox measures it is deploying to defend its weakening currency.

On an August morning in Abuja, a labourer who said he was hired by the city government cut branches from a towering tree with a chainsaw. Nearby other workers hacked away at smaller trees with machetes.
Asked what they were doing, one, who did not want his name published, replied: “The government does not want the trees because people are doing illegal work under them”.

The man was referring to money changers from the north of the country who rest under the shade of the trees and sell US dollars, British pounds, and even Saudi riyals to customers hungry for hard currency.
Another worker who gave his name as Alex said: “People change dollars on the road here and it’s not supposed to be like that. People are supposed to go to the banks to do transactions”.

But a series of central bank decrees issued this summer has instead increasingly restricted how Nigerians can use their banks, seemingly encouraging black market activity. For example, money changers in Abuja say the new rule barring Nigerians from depositing hard currency into banks only boosts unofficial trade.
The naira, still reeling from an oil price of less than $50 a barrel and political uncertainty in the run-up to this year’s elections, has lost a fifth of its value in the past year and has been devalued twice. In import-dependent Nigeria, demand for dollars remains high yet the fall in the price of crude has cut the flow of currency as income from oil exports has dwindled.

The central bank’s new controls, combined with its contentious move in June to restrict imports of critical goods such as rice and rubber, has hit foreign investor confidence in the administration of new president

Muhammadu Buhari, who remains without a cabinet more than two months since his inauguration.
On August 11 the central bank lowered the ATM withdrawal limit, cutting the maximum naira limit by more than half, to 60,000 naira ($301) a day. Those with “domiciliary accounts” which are denominated in foreign currency can now take out only $300 a day. Earlier this month, the central bank banned Nigerians from depositing US dollars into their domiciliary accounts, angering people who had children at school abroad and had to pay school fees in foreign currency.
“Anything to strengthen the naira is important, but personally I need to transfer money to my family abroad, that’s why I opened a domiciliary account,” said a man in a suit after withdrawing the maximum daily amount of naira from a cash machine in the wealthy district of Ikoyi in Lagos. He did not want his name to be published. “In Nigeria we need these accounts because many of us work in foreign currency.”

At another row of cash machines at a nearby bank, 36-year-old car importer Babatunde Gbanga said the “liquidity challenges” and the new restrictions were hurting his business because he relied on being able to send and receive foreign currency from abroad.
The naira was in a “crisis situation” partly because of high demand for dollars, said Kunle Ezun, treasury researcher for Ecobank in Lagos. “In trying to control the FX market, the central bank is starving the money market of liquidity.”

Bank governor Godwin Emefiele has defended his policies, arguing that the measures are intended to stop speculation, decrease illicit financial flows and defend the naira. Mr Emefiele told the Financial Times this month he thought the naira was still appropriately priced, despite the spread between official and black market rates, and said his policies would help prepare Nigeria for a possible interest rate rise by the US Federal Reserve later this year.

Still, many economists disagree. Given that oil prices will remain low, the central bank’s naira policy raises the risk of more controls and even import bans, all of which could undermine growth, said Yvonne Mhango, Africa economist at Renaissance Capital.[/b]

http://m.ft.com/cms/s/0/a83e54d0-425c-11e5-9abe-5b335da3a90e.html

The APC e-frogs have turned his message upside down

ds

Akainzo:
Does it not seem far fetched to you, that a Chinese company would be executing a FGN's project and the Federal Ministry of Finance of Nigeria would not have any input as to the disbursement of the funds for which Nigeria will be liable for? Na so person dey take get loans?

You are so ignorant

porka:
[size=13pt]They will soon come out to say it was not the dullard that asked the question personally but Permanent Secretary. [/size]

I just tire for those frogs.
Sometimes I think they are under spell

oi

seunmsg:
I am simply saying that it can be me tomorrow and it might be you tomorrow but for goodness sake, had President Jonathan not done what he did, let us look across the road and look across Africa and let us see the tragic situation that we are in in Africa. See what is happening in Burundi, see what happened in Cote d’Ivoire, see what happened in Rwanda. When the crisis of transitions meant that people put their personal interest before any other interest and I think that history will not forget what President Jonathan did and it is not in our interest to pretend that even if he stole all the money in the world, and even if the world is bringing everything into Nigeria, I am not sure where President Buhari will be, I am not sure if I would be sitting here, I don’t know where the vice-president or any of us would be today. I am saying let us keep our eyes on the ball.


[s]Father Kukah disappointed so many people with the above statement. What is he trying to insinuate? We should leave GEJ alone because he handed over after losing the election even if he stole all the money in the world. The peace committee should be disbanded immediately if this is the kind of advise they are offering the president. Nigerians voted for PMB because of his promise to fight corruption and all these so called elders should quit trying to blackmail the president into ending the fight against corruption simply because GEJ conceded an election he lost clearly.[/s]

A child like you may not understand that noble advise

fd

Fourwinds:
Under what name was the loan taken?? Is it not RAIL but later according to her used for various airport in the country. Tell me, is that one diversion or not Again check d dictionary meaning of diversion

Go back and read the report again, this time do it slowly. Don't tell me you are in the same level with your senile dullard-president

In an interview with Channels Television monitored by ENIOLA AKINKUOTU, National Peace Committee member and Bishop of the Catholic Diocese of Sokoto, Bishop Matthew Kukah, speaks about President Muhammadu Buhari’s anti-corruption war and other issues

1) There were talks that some members of your committee had been approached to mediate in anti-corruption matters. Although you have debunked that, your committee has said that the Federal Government’s excessive talk on probe is distracting. Is this true?

Brutally, what you are asking is what I have heard people say and that is that former President Goodluck Jonathan has approached us to beg the President. First of all, I am a priest and anybody is free to beg me to beg someone or to beg God. But more importantly, there is no way that I or any member of the committee can be told to go and beg President Muhammadu Buhari for a favour in anything relating to corruption. His body language does not suggest that and only a fool would undertake that kind of mission. I think I can speak for the members of the committee. Before we went to see the President at 9am on that same day, we spent about an hour with former President Jonathan. And please let us not lose sight of what has happened in this country. Jonathan said it and I am sure Nigerians have heard it that when we met with the Board of Trustees of the Peoples Democratic Party, they also made it very clear that not all of them were in support of the singular decision that Jonathan took and I think that as Nigerians, we must become sufficiently serious and realise that that singular act is what has kept us as a nation. With all the billions and trillions in the world coming from the outer space, we would need to have a nation first. So, I think that even for that singular act alone, Nigerians must be appreciative of what President Jonathan did.

As for how this country will move forward, President Jonathan was eloquently clear in saying that he was not afraid of probe but we are saying that if you are going to a forest to catch a monkey, you don’t go blowing a whistle or beating a drum. And I don’t think that we should be preoccupied with how this probe is going to be undertaken. There are no charges against President Jonathan or anybody for that matter. And please let me make it very clear, anybody is free to approach the committee with any ideas, including former President Jonathan or President Buhari.

2) But from your interview with State House correspondents, it seems your committee is not satisfied with the manner this administration is going about with its fight against corruption. Is that right?

Please, let us not forget that the vice-president of this country is one of the best lawyers I know. He is also a professor of law. I don’t think people like him can preside over illegalities. What everybody should focus on is that it might be Jonathan today, and we don’t have a case against Jonathan on the table. Even if we do, this public lynching is not going to help anybody. Nobody knows whether when Buhari steps aside, he might face the same thing. What we are talking about is that we are not in a military regime, we are in a democracy and somebody has said there are no probes in a democracy but only investigations. We are not going to grow in this nation until we have finished probes. Let us not forget, Abacha has been dead for almost 20 years and we were promised his monies but some of the monies have not been recovered, so let us not kid ourselves. Even if you are going to go into a probe, it is not a substitute for governance and we are interested in the fact that every sane Nigerian must be conscious of the fact that it might be another person today and might be you tomorrow. And I think that we should not become so preoccupied with Jonathan to the extent that we forget the spectacular benefit that we gained under his presidency. Politics has ended and now is the time for governance.

3) How come all that was reported from your visit to Jonathan was that the treasury looters will soon be brought to trial?

That is simply because the media has its own prejudices just like the rest of us in Nigeria. There are people in the media who believe that Jonathan and the PDP and other bad people should be hounded out of this country or whatever and I have no problem with that. All I am saying is that if you have a problem, there are processes for dealing with that. The committee cannot inherit the prejudices of other people. For some inexplicable reasons, some sections of the media have made insinuations that impugn on the integrity of the members of the committee and as I said, I called every member of that committee to serve on that committee and I know how and why I called every member. I can vouch for their personal integrity and I know that they can speak for themselves. But I think it is not fair that the media should create the impression that somehow we should be out on this public lynching of people when we have no evidence against anybody.

4) Are you saying that if things (probes) continue the way they are, we might lose what we might have gained with the transition from one government to the other?

Absolutely. I don’t want to say this but frankly I am quite irritated by the way we are frittering away the opportunities that God has given to us. When you stand on quicksand for too long, it becomes impossible to get out. There are not many people in the world that want Nigeria to succeed. We’ve never had this show of goodwill before and I believe the rest of the international community and others must be laughing at Nigeria on how we are conducting ourselves in this way and manner and how we remain our own worst enemies. For goodness sake, governance does not foreclose people going to prison and so on, and I don’t believe that even if you recover all the monies that have been stolen from us, it will not go the same way. I think the challenge for me and for those in power is that the APC has to prove itself. Secondly, let us be faithful with little things so that we will know what will happen to us when greater things are entrusted into our hands.

5) But what has brought this concern to the fore for the committee?

I don’t know; you tell me. Because the journalists that started this scare mongering about the committee being approached by President Jonathan is as if we are saying that the government should not probe. Please, I am well over 60 and I think my records speak for me. I cannot be associated, by any stretch of the imagination, with anything dubious or hypocritical. I cannot see how any member of our committee can be associated with such an attempt. What will be my gain for example, for saying I don’t want XYZ to be probed? I am simply saying that it can be me tomorrow and it might be you tomorrow but for goodness sake, had President Jonathan not done what he did, let us look across the road and look across Africa and let us see the tragic situation that we are in in Africa. See what is happening in Burundi, see what happened in Cote d’Ivoire, see what happened in Rwanda. When the crisis of transitions meant that people put their personal interest before any other interest and I think that history will not forget what President Jonathan did and it is not in our interest to pretend that even if he stole all the money in the world, and even if the world is bringing everything into Nigeria, I am not sure where President Buhari will be, I am not sure if I would be sitting here, I don’t know where the vice-president or any of us would be today. I am saying let us keep our eyes on the ball.

6) It seems what you are trying to impress on the President is that governance must start. Do you believe that you haven’t seen anything in the direction of governance?

I think we didn’t all expect that we would have to wait till September to have ministers and I think that unless we want to be hypocritical, many of us have openly said that if this was the fourth time that President Buhari wanted to be President, and successfully became President, the truth of the matter is that you would have identified many Nigerians across the board who are fit to do the job but again it is his prerogative to decide how to govern. But I am saying that given what we heard the APC said, given the claims that the APC made, the level of their preparedness, the level of their decision to change, well, we need that change clearly spelt out.

That change cannot definitely just be a change of actors. It ought to be a change that we can visible see, a government that is fully prepared. The elections were concluded and there was a period of time in-between. Finally, all I am saying is that we need a bit of action, otherwise, Nigerians will expend their energies on the wrong things. We still have a lot of battles to fight and I think we will really need to focus on a lot of the problems that this country faces and to figure out by way of conversation and policy direction, where are we heading? Boko Haram may stop tomorrow but I can tell you that will just be the beginning of the most complex and complicated problem of trying to fix this country. How all these problems are going to be solved require a lot of thinking.

http://www.punchng.com/politics/no-case-of-corruption-against-jonathan-kukah/

df

[size=14pt]Buhari is a shame of a president.
The man talks before he investigate


See the embarrassments he faces now[/size]

Why is this thread not on front page?





Lalasticala where are you?