₦airaland Forum

THE CRAZY GRAZING BILL - MICHAEL DEDON
The proposed Grazing Bill for Fulani herdsmen is an invitation to anarchy in an already volatile country like Nigeria. The Bill is already before the National Assembly and has successfully scaled through second reading in both the Senate and the House of Representatives. All that is left in the legislative process to make it a law is a 3rd reading, that is, a clause by clause debate and then assent by the President. The proposed piece of legislation is full of unconstitutionalities, ethnic discriminations, fundamental human rights violations, religious tenets violations, conspicuous criminal omissions and unforgiveable legislative indiscretions.
The full title of the Bill is, AN ACT TO PROVIDE FOR THE ESTABLISHMENT OF THE NATIONAL GRAZING RESERVE (ESTABLISHMENT AND DEVELOPMENT) COMMISSION FOR THE PRESERVATION AND CONTROL OF NATIONAL GRAZING RESERVES AND STOCK ROUTES AND OTHER MATTERS CONNECTED THEREWITH.
The Bill’s concluding explanatory memorandum says that the Bill seeks to provide for, among other things, the establishment of the National Grazing Reserve Commission of Nigeria, for the preservation and control of national grazing reserves and stock routes in the country. Its key provisions and high points include, but are not limited to, the following:
1. To establish a National Grazing Reserve Commission (NGRC), a body corporate.

2. The NGRC may acquire, hold, lease or dispose of any property, moveable or immoveable for the purpose of carrying out its function.
3. The NGRC shall have a governing Council headed by a Chairman appointed by the President and confirmed by the Senate with members representing the Federal Ministry of Agriculture, Rural Development and Water Resources, Ministry of Health, Ministry of Environment,Housing and Urban Development, the National Commission for Nomadic Education and shall also have a Director General.
4. To raise monies by way of grants, loans, borrowing, subsidies and donations.
5. The following lands may be subject to the provisions of the Act to be constituted as National Grazing Reserves and Stock Routes:
(a) Lands at the disposal of the Federal Government of Nigeria.
(b) Any lands in respect of which it appears to the Commission that grazing in such land should be practiced.
(c) Any land acquired by the Commission through purchase, assignment, gift or otherwise howsoever.
6. State Governments shall be given notice first before land acquisition and gazetting.
7. The Commission shall pay compensation to persons affected by any land acquisition.
8. There shall be no improvements, encroachment, bush burning, hunting, use of chemicals and felling of trees by anyone inside lands acquired and demarcated as National Grazing Reserves or Stock Routes.
9.Contravention of any of the provisions in (cool above shall be punishable by a fine of N50,000 or 5 years imprisonment or both.
10. No Court of law shall carry out execution of its judgment or attachment of court process issued against the Commission in any action or suit without obtaining the prior consent of the Attorney General of the Federation.
11. For the time being, the Commission shall report to the Honorable Minster for Agriculture and Water Resources.
12. Native communities referred to in the Bill shall be any group of persons occupying any lands in accordance with, and subject to native law and custom.
13. Stock Routes shall mean tertiary or secondary or inter-state stock routes linking two or more States together or leading from grazing reserve to grazing reserve.
14. When passed into law, the Act shall be cited as The National Grazing Reserve Commission (Establishment and Development) Bill 2008.
The implication of this piece of legislation is that the National Grazing Reserve Commission may seize any choice land in any part of the country and compulsorily acquire it for grazing purposes. For whose use are the grazing reserves and stock routes to be acquired? The Bill does not say. It will simply create grazing reserves and stock routes for nomadic cattle rearers who we know are of one ethnic group – Fulani. The clause cattle rearers in the Bill can as well be replaced with the word Fulani, and it will be seen that it is purely meant to serve the interest of one ethnic group out of over 250 ethnic groups in Nigeria.
Passing this Bill into law has the tendency of encroaching on the fundamental rights of other Nigerians to own land and do with it things other than grazing. Farmers may become displaced in their own communities and there is nothing in the Bill stating how they will be resettled should this happen. The Bill is a clear attempt to hand over the entire country, its economy, its land, its citizens, its security and its future into the hands of one tribal group – the Fulani.
It beats ones imagination why the govt will be thinking of entrenching a primitive practice of a people instead of thinking of ways of modernizing cattle rearing like establishing ranches and bringing fodder to the cattle instead of taking the cattle to the fodder. If the bill is passed, unspecified but huge federal funding would be used to acquire land and develop same just to preserve a primitive life style of a few people who have refused to partake in the technological and social advancements that the country has recorded. Cattle rearing is a big business and many of Nigeria's leading elites are the real owners of the cattle and not those ragtag lot driving them about wielding sticks and AK-47s. Why can't these big men acquire land, set up ranches and grow the industry together with paying taxes?
The Bill by implication also contravenes the Land Use Act. The Land Use Act provides that “all land comprised in the territory of each State in the Federation are hereby vested in the Governor of that State and such land shall be held in trust and administered for the use and common benefit of all Nigerians”. The Grazing Reserve Commission Bill is in direct contraventions of this provision as it does not serve the ‘common benefit’ of all Nigerians but a chosen few. Just as cattle are very valuable assets to the nomads, so is the land to the agriculturalists and none of us is superior to the other. The govt cannot use a piece of legislation to legalize superiority of one ethnic nationality over the other 250 ethnic groups.
This piece of legislation should be resisted by well meaning Nigerians ad should never be passed into law.

THE CRAZY GRAZING BILL - MICHAEL DEDON
The proposed Grazing Bill for Fulani herdsmen is an invitation to anarchy in an already volatile country like Nigeria. The Bill is already before the National Assembly and has successfully scaled through second reading in both the Senate and the House of Representatives. All that is left in the legislative process to make it a law is a 3rd reading, that is, a clause by clause debate and then assent by the President. The proposed piece of legislation is full of unconstitutionalities, ethnic discriminations, fundamental human rights violations, religious tenets violations, conspicuous criminal omissions and unforgiveable legislative indiscretions.
The full title of the Bill is, AN ACT TO PROVIDE FOR THE ESTABLISHMENT OF THE NATIONAL GRAZING RESERVE (ESTABLISHMENT AND DEVELOPMENT) COMMISSION FOR THE PRESERVATION AND CONTROL OF NATIONAL GRAZING RESERVES AND STOCK ROUTES AND OTHER MATTERS CONNECTED THEREWITH.
The Bill’s concluding explanatory memorandum says that the Bill seeks to provide for, among other things, the establishment of the National Grazing Reserve Commission of Nigeria, for the preservation and control of national grazing reserves and stock routes in the country. Its key provisions and high points include, but are not limited to, the following:
1. To establish a National Grazing Reserve Commission (NGRC), a body corporate.

2. The NGRC may acquire, hold, lease or dispose of any property, moveable or immoveable for the purpose of carrying out its function.
3. The NGRC shall have a governing Council headed by a Chairman appointed by the President and confirmed by the Senate with members representing the Federal Ministry of Agriculture, Rural Development and Water Resources, Ministry of Health, Ministry of Environment,Housing and Urban Development, the National Commission for Nomadic Education and shall also have a Director General.
4. To raise monies by way of grants, loans, borrowing, subsidies and donations.
5. The following lands may be subject to the provisions of the Act to be constituted as National Grazing Reserves and Stock Routes:
(a) Lands at the disposal of the Federal Government of Nigeria.
(b) Any lands in respect of which it appears to the Commission that grazing in such land should be practiced.
(c) Any land acquired by the Commission through purchase, assignment, gift or otherwise howsoever.
6. State Governments shall be given notice first before land acquisition and gazetting.
7. The Commission shall pay compensation to persons affected by any land acquisition.
8. There shall be no improvements, encroachment, bush burning, hunting, use of chemicals and felling of trees by anyone inside lands acquired and demarcated as National Grazing Reserves or Stock Routes.
9.Contravention of any of the provisions in (cool above shall be punishable by a fine of N50,000 or 5 years imprisonment or both.
10. No Court of law shall carry out execution of its judgment or attachment of court process issued against the Commission in any action or suit without obtaining the prior consent of the Attorney General of the Federation.
11. For the time being, the Commission shall report to the Honorable Minster for Agriculture and Water Resources.
12. Native communities referred to in the Bill shall be any group of persons occupying any lands in accordance with, and subject to native law and custom.
13. Stock Routes shall mean tertiary or secondary or inter-state stock routes linking two or more States together or leading from grazing reserve to grazing reserve.
14. When passed into law, the Act shall be cited as The National Grazing Reserve Commission (Establishment and Development) Bill 2008.
The implication of this piece of legislation is that the National Grazing Reserve Commission may seize any choice land in any part of the country and compulsorily acquire it for grazing purposes. For whose use are the grazing reserves and stock routes to be acquired? The Bill does not say. It will simply create grazing reserves and stock routes for nomadic cattle rearers who we know are of one ethnic group – Fulani. The clause cattle rearers in the Bill can as well be replaced with the word Fulani, and it will be seen that it is purely meant to serve the interest of one ethnic group out of over 250 ethnic groups in Nigeria.
Passing this Bill into law has the tendency of encroaching on the fundamental rights of other Nigerians to own land and do with it things other than grazing. Farmers may become displaced in their own communities and there is nothing in the Bill stating how they will be resettled should this happen. The Bill is a clear attempt to hand over the entire country, its economy, its land, its citizens, its security and its future into the hands of one tribal group – the Fulani.
It beats ones imagination why the govt will be thinking of entrenching a primitive practice of a people instead of thinking of ways of modernizing cattle rearing like establishing ranches and bringing fodder to the cattle instead of taking the cattle to the fodder. If the bill is passed, unspecified but huge federal funding would be used to acquire land and develop same just to preserve a primitive life style of a few people who have refused to partake in the technological and social advancements that the country has recorded. Cattle rearing is a big business and many of Nigeria's leading elites are the real owners of the cattle and not those ragtag lot driving them about wielding sticks and AK-47s. Why can't these big men acquire land, set up ranches and grow the industry together with paying taxes?
The Bill by implication also contravenes the Land Use Act. The Land Use Act provides that “all land comprised in the territory of each State in the Federation are hereby vested in the Governor of that State and such land shall be held in trust and administered for the use and common benefit of all Nigerians”. The Grazing Reserve Commission Bill is in direct contraventions of this provision as it does not serve the ‘common benefit’ of all Nigerians but a chosen few. Just as cattle are very valuable assets to the nomads, so is the land to the agriculturalists and none of us is superior to the other. The govt cannot use a piece of legislation to legalize superiority of one ethnic nationality over the other 250 ethnic groups.
This piece of legislation should be resisted by well meaning Nigerians ad should never be passed into law.

Hmm! Some bank in oversold region and at full bid.
Ok

Any body with info as to wether UBN have released their result? If so, did they make profit or loss?

PETERiCHY:
This just a tip of the iceberg, it's no brag.

Go and mark it somewhere "Time will come when UBA will trade below N1:50k and nobody will buy".

*ThE OcToPuS*

And I have marked ur word.
And u should hide ur face in shame if it doesn't come to pass
Or if it gets to dat price and people still buy.
And by d way u should already b ashamed of your self for still following up on something u claim to have already given up on

PETERiCHY:
This just a tip of the iceberg, it's no brag.

Go and mark it somewhere "Time will come when UBA will trade below N1:50k and nobody will buy".

*ThE OcToPuS*

And I have marked ur word.
And u should hide ur face in shame if it doesn't come to pass
Or if it gets to dat price and people still buy.
And by d way u should already b ashamed of your self for still following up on something u have already given up on

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Wrong thread! Pls do d needful!!

OBAGADAFFI:
I understand your point

Nestle (-1.43%) 10N
NB (-3.6%) 3.8N

The percentage loss in NB is more than NESTLE. But the volume loss in NESTLE will hurt any portfolio.

A 5% loss in FCMB and FBNH won't move me much. But 2.5% loss in Seplat or NESTLE will drive me crazy.

Just check the price decline in NESTLE vs FBNH from last year.


You will understand why most penny stocks are better

This guy is still a learner!

It pays to avoid emotional investing!

ufotty2001:
diamond bank may even be better than fidelity dispate the profit warning @ this price 1.18 let watch and see...

Last year when there was no profit warning diamond payed 10kobo dividend

kaboninc:
This bank self....sometimes I wonder what they do.

Disappointing returns for shareholders

OK, u were expecting them to pay 35kobo. I hear.
u do see another ucap
Abeg, them try well a. Afterall their mates like diamond and Skye bank were busy declaring profit warnings instead of profit!

woodcook:
Please is it advisable to enter FBNH now abi make I wait small?

Don't listen to too much analysis here. If u do u might miss out on a very good opportunity. Most of us here work based on speculation and dats y we miss wen good opportunity present itself. Very soon ull start hearing statements such as, "Chai, how did I miss did bus?" , I thought it would reach 50kobo ".
Just follow ur heart wen it tells u to do so!

mercylicious:
I know, but I hope it will be delayed so that I can enter.

Mercy I think say u bn dey for fidelity before?
Na WCh tym u con commot?

peptola:

your call does not spur action and too many loose bits. since you're speculating, price and time should be first contemplated and can then be vaguely specified.
"not this week" is too vague. "FBNH can still go either way" is also vague. "...respite"; vague. "... but they are still going down" this is clearly a good example because stocks are always heading down in a bear market, it's predicting a detailed heading up that's the tricky part.
Also my prediction for a turnaround has little to do with any new 52 week low.

Market, starting with a couple of stocks like Zenith bank, will begin to turn around on Friday if not tomorrow. Then by next week others will follow. Zenith offered good price @ N10.52 today, closed @ 10.96 though 11.00 was expected. If it trades lower tomorrow - take it!

As for FBNH i think we should be patient.

Fbnh has buttomed out or at worse has one more day loss/recovery signal to make!

Manonamission:
On Fidelity; Fidelity is not a buy at current price. If I had it in my portfolio, I would be looking to sell asap. Good dividend declaration by the bank might not yield considerable price appreciation because the market so far in not responding to such news. One can also argue that the current price already reflects the anticipated price target.

This is a personal opinion.

Bros the market has a mind of its own, and can spring surprises!

Bnsitl, Is itrade working at ur end

Kai! Nobody gree sell im fidelity

Monkey hunters!
Shey na all of una dey drag stock prices down sotey no more appreciable price yield these days. No problem, na all of us go suffer am

Godisfaithful:
Access is looking to acquire some banks lol. Don't let the dividend declare discourage. There are more to Access than the dividend. Remember, final decision rest on you. Best of luck sir

Godisfaithful, wats ur opinion on fidelity?
Y d delay in release of result? Are we expecting any profit warnings?

Godisfaithful:
Access is looking to acquire some banks lol. Don't let the dividend declare discourage. There are more to Access than the dividend. Remember, final decision rest on you. Best of luck sir

God is faithful, wats ur opinion on fidelity?
Y d delay in release of result?

leo1234:
This is good news.
If the bulls like let them turn to goat on this UCAP.
Access want to make us sad but no way!
In fact if I will use my dividends to buy more access.

@ megainvest and Godisfaithful what do u think about this acces?
Although d market has a mind of its own, do u think entering acces at 3.95 was a good move. In your opinion is it likely to reverse on Monday?

102 billion naira up for grabs. Dividend yield still 10% at 15.5naira
Supposedly exited foreign investors waiting to mop up!
Market makers creating panic selling here and there for them.
Gullible ones scampering for unnecessary safety!
Na true. Nobody likes free money again. Even the so called foreign investors and men in black.
I just dey laugh. If una deceive unaself finish, make una tell me

PETERiCHY:
http://www.aljazeera.com/news/2016/03/nigeria-22-killed-mosque-bombings-160316090928691.html

So such a country is where you will advice foreign investors to put their fund

For your info I 've been in Nigeria for some wks now with some foreign investors looking for a reliable franchise for their products but at the end of our research we discovered the economy is in total mess and we don't ve a choice but to jet back in a couple of days from now.

This is what happens in a country where the president presents a Nepa bill in place of a certificate.

We know this country needs fixing.
But I must say that from ur persistent negative and discouraging posts( i e for those who choose 2 b discouraged), u must be a frustrated Nigerian with a bleeding heart who have been personally and seriously dealt with.

The demon in capital letters is here.

Thank God I entered fidelity yesterday. No want foreign investor long story

Even the almighty zenith.
Investment one is busy setting a target price of 17.9 I laugh in 10D
Well, if things like these do not happen, then how will we make money?

megainvest:
Congtats to Zenith crew. Fear not the current irrational trend of dividend apathy. I believe as the closure date draws closer, people will be more desperate to buy.

Yep. So watch out for afriprud from Friday! It still has a very good dividend yeid compared to the banks at current price!

I like d closure date of zenith. A single distinct date, not a deceptive range of closure dates

Patience is key in this market. If u Jijo anyhow, u make little or no profit even as a trader!

Guy relax. Na fidelity go pay pass. They don want to release at same time with d big boys to ensure a smooth ride. Insiders have been taking position. If ur already in it don't sell or ull regret it. Go check history of price movement in response 2 dividend, when their share price was higher than present price.
My 2 kobo!

Pls house what do they mean when they say both dates inclusive, in d UBA corporate action?

Manonamission:
The forum is quiet even with this corporate action from UBA. I hope the market won't react this way tomorrow .

The one wey dem make noise for, wetin happen?