₦airaland Forum

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This (should be) the height of wickedness, insensitivity and sheer grandstanding with the lives of the citizenry.


'should be' because ordinarily the outrage should be palpable and not merely expressed online.

It is in the Public Domain that:

1. The parents of these boys were largely ignored by the State Government.

2. They had to pay a ransom to the tune of N30+ million.

3. The State Government claimed they had 'caught' the kidnappers barely 2 weeks into the debacle.

Where are the billions spent without appropriation or accounts on security in LAGOS State?

All na wash

Prof. Sagay

This is what they have turned Nigeria to.

Mogadishu not Nigeria
Please do a Google image search before posting

This Governor again?

Suspended for opposing imposition in the Lagos Primaries.

But online intelleshuals see nothing wrong

diegwu01:
100km for 3.6 billion? This must one of reno omokri's usual lies

Jalingo to Karim Lamido

Look it up. But you won't.

You know why I know?

Great!

Now can we place a premium on security

Great!

Now can we place a premium on security

Great!

Now can we place a premium on security

Fashola that awarded contract of a barely 1.6km road in 2009 for N1.6B when Federal Government did a 100km road for N3.6B just three years earlier. (60% mobilisation was paid out oh!)

E get where dem go hook am him must apologise




[Modified]

Make e no be like say na bobo person dey bobo, abeg if you tink say na lie look d under

https://www.nairaland.com/2380169/top-10-20-dodgy-contracts
https://www.nairaland.com/2331840/top-10-dodgy-contracts-awarded

Sad

Unfortunately, unlike some other arm chair critics, we cannot opt in and opt out of Democracy at will.

This

Where are all the people who screamed

This is cruel

In a recent report by SaharaReporters chronicling 24 Governors who receive ridiculous pensions for 4-8 years of service leaves readers with a list of 23.

Their own article omits one governor. guess who

The one that started it all but who SaharReporters CANNOT name.


_______________________________________________________________

BY SAHARAREPORTERS, NEW YORKJUL 25, 2017
Despite proclamations to the contrary, evidence shows that the Nigerian government continues to perpetuate poverty in the country by practice of the enrichment of a few officials at the expense of millions of people.

As a result, governments at federal and state levels underfund vital sectors of the economy except for the political sector where individuals at the very heart double-dip into the public purse. Mathematically, just a few of these officials, for the privilege of serving in political office, earn in a year what over 112 Nigerians living below the poverty line cannot earn in a lifetime.

Saharareporters looked at 24 well-positioned politicians today whose earnings as political office holders illustrate this fact. The 24 politicians—previous state governors or deputy governors who are currently serving as Senators or Ministers of the Federal Republic of Nigeria are drawing wages on the right and on the left—are:

Former governors ripping Nigeria off
Sahara Reporters Media
Theodore Orji
Godswill Akpabio
Joshua Dariye
Rabiu Kwankwaso
Bukola Saraki
Abdullahi Adamu
Isiaka Adeleke (late)
Aliyu Magatarda
Shaaba Lafiaji
Adamu Aliero
Kabiru Ibrahim Gaya
Muhammed Danjuma Goje
George Akume
Abubakar Danladi Sani
Jonah David Jang
Samuel Egwu
Ahmed Sani Yarima
Biodun Olujimi
Enyinnaya Abaribe
Rotimi Amaechi
Babatunde Fashola
Kayode Fayemi and
Chris Ngige

http://saharareporters.com/2017/07/25/how-just-24-privileged-former-nigerian-governors-and-their-deputies-drain-nigeria-scarce

List above is 23 NOT 24

spongeisback:
The pathetic thing is not that our president who is the figure head of the nation is in another but it's the youths supporting insanity that I feel for...after they finish selling their selves here they go to travel section to hustle for visa.

What if I told you that a number of key players have UK citizenship

Okay

She bought it with her money, arranged the laptop / DVD, put on the generator, placed it in the unit and started watching ba?

Very silly individuals. Getting a 7 year to take the fall for their stupidity and carelessness

Meanwhile this is standard in Nigeria. Adults and older people cannot do any wrong, therefore it must be the children and youths that are bad.

Nigerian children have been 'subsidising' older people's silliness since 1750

HottestFire:


Reno is one of Jonathan's many problems..

He may not know it but you are very correct

Obviously.

If this was done pre 2015. There would have been absolutely no excuse to smuggle General 1984 back into power.

Something isn't adding up

If you are patient enough read through this article by one Dr. Kazeem Bello

_____________________________________________________

NIGERIA'S ECONOMIC ISSUES!!!
The Etisalat Example...

The Abu Dhabi Government that owned Etisalat pulled the company out of Nigeria last week and gave the Nigerian ex-partners 7 days to change its name and drop its Trade name. That has been complied with. Etisalat Nigeria changed the name this past week. The news information about this I monitored on my travel to Dubai on the local news which indicated that the Nigerian Etisalat claimed it invested over $20 billion on equipment and facilities in Nigeria. The news Analyst from Dubai Business New Network TV insisted that it is not possible. The parent company invested $13 billion in Gulf Area to attract over 40 milllion subscribers, with high world class services , how can Etisalat Nigeria invest $20 billion for 22 million subscribers with epiletic services and a debt ridden company?

The Abu Dhabi home office is struggling to remove the negative effect of the news on the company's stock market performance. It is being very difficult becuase the numbers are not adding up. The questions in Abu Dhabi is what does Etisalat Head quarters know about the mammoth fraud that prevailed in Etisalat Nigeria? How can the company claim to have spent so much in investment and infrastructure and yet come out with huge debts?

While Etisalat Group is facing serious backlash at home over this monumental fraud, in Nigeria, our CBN is not even asking any question to unravel why the company suddenly went bankrupt. Instead, our CBN and Ministry of Finance from the above are stuggling to take over the company's debts and pass it to the unsuspecting tax payers under the umbrella of the debt ridden AMCOM.

The Chairman of the Board and all Board members of the defunct Etisalat Nigeria resigned and walked away free leaving Nigerians with another private sector mismanaged debt ridden company.

Actaully, the major reason for my worried contribution here is on the Banking System in Nigeria and the financial mess we may have found ourselves in. Many Nigerians may not know this for a fact because the authorities will never tell you the truth, just like it took several years of noise for the NNPC to admit that the corporation is debt ridden and bankrupt. The Government of Nigeria will not admit it that the CBN of Nigeria is currently running at a Deficit Financial Model. This is called a DEF Model operations in Central Banking structure and practice. For references, you can google " Greece Monetary Collapse" and also the great fall in Brazilian financial system in the 90's. The CBN is almost at those crescendo from all indications going by several body languages, utterances and news from the international financial circle.
The CBN may not be able to cover import bills for more that 15 days from now as we speak which is a huge red flag! The CBN is currently not in any position to bail out the Government in any form due to distress in its liquidity-money creation matrix. CBN cannot perform its role as lender of last resort to the Government of Nigeria as we speak, a major function of Central Banking system. This may be the reason why last week, the Hon Minister of Finance addressed a press conference to tell Nigerians that they are in trouble but most Nigerians just did not understand how to interpret her unspoken words. She said clearly that Government will have to aggressively borrow money from abroad to implement the 2017 budget. Her reason was predicated on the wrong and super inferior analysis that Nigeria has a low debt-capital ratio hence there are rooms for more external debts. We better find a way to stop her from running a huge debt that OBJ was able to clear up during his regime but was kept low during Jonathan's regime due to oil windfall which makes borrowing unnecessary then.

Now with dissapointing and falling oil prices, low income-revenue generation by Government, NNPC totally broke running at huge deficits, CBN's inability to bail out Government, we seem to have no choice than to go back to external borrowing at premium at all cost.

Something is pathologically wrong with the Nigerian system. I have written about this in early December 2016 when the budget estimates came out. I pointed to the totally wrong budget appropriation and tagged it a budget of " Economic Contractions". I mentioned that by 3rd quarter of the year, the bubble will burst if something is not done and the Economy may slide into a full blown depression far worse than recession. It is not known what the facts are right now because there are various attempts to hide facts and give erroneous figures to the unsuspecting public. The situation is really bad based on International Analysts facts and figures especially with perceived unadmitted dire financail crises at the CBN. We may see an Econimic Emergency Bill very soon showing up at the desk of the Senate President but with the current face off between the Acting President and the Senate leadership, it is doubtful if such required bill will ever come to surface. That will be an instrument for the " hawks" in the Senate to roast the Acting President and blackmail him further of incompetence. In the fight between two giant elephants, the grass will have to pay dearly and suffer for it. Nigerians will grow in more poverty, no power, no infrastructure, high inflation, and low economic activities and no salaries for work done.

Back to the Etisalat case, this is the fact of the matter and CBN has not deemed it fit to raise any probe on the huge bank lendings to one single company without adequate collateral. Indeed what asset does Etisalat own aside from its license that will be worth the amount of debts being cited? I don't live in Nigeria but at least on my visits, I have not seen any such assets except power masts all over the place.

The same Nigerian Banks gave billions to all the debt ridden GENCOs AND DISCOs with no collateral and yet we have no power. Again, I have written on this issue before. How the power system in Nigeria was defrauded by the collusion of the so-called investors, Nigerian Banks and some officials in the defunct FGN. Nigerians are very prayerful people, we are still trooping to the worship places to pray for steady power supply when some are swimming in billions from the fraud in the sector. Our dream for steady power supply is daily becoming a mirage, to say the least.

The other day, I was having a discussion with a Chinese group of investors on telephone and internet network projects. They mentioned that with about $5 billion dollars in investment in highly powerful telecom equipments and satellite infrastructure, they will supply over 120 million in Nigeria with highly efficient phone and internet network service with super easy, small and latest technology. So why is Etisalat with $20 billion in investment not able to supply good phone and internet network service in Nigeria? Yet poor Nigerians are paying for poor services and will again pay the company's debt through our taxes.

Nigeria needs a fix!!!

Dr. Kazeem Bello

Where do you think he learnt it from?

The other guy was occasionally obtuse and mostly entertaining. Nigerians on twitter loved him!

Think deeply. How much more did you learn about the EFCC while the other guy was there?

Oya oh! Youth and Yoots come and participate in sincere Nation building

Among several others that won or lost, but yes we're making progress.

Good one.

Today's session in the Nigerian Senate is epoch making.

May they dedicate themselves to doing much better