₦airaland Forum

Youths being influenced by YOOTS

The sad thing is while the Yoots pick up major mobilisation funds for this they will hand out the occasional N30K to online minions.

If you're going to sell out your country shay you will ask for more?

FYI if you want to know who the Yoots are go on twitter and look who FG handles tag in their pictures

Will the puppet master loosen his grip

The are three major power blocks in Nigeria today

This NASS don't know what's in store for them.

Threatening the Media machinery of the most photogenic Governor in Nigeria.

You shot down N20B contingency and you want media not to curse, vilify and denigrate you?

Where do you think their pay is coming from?

You're playing with their money, you don't know, siddon dia dey form House of Representatives

Word

It is these parochial interests that make this country unviable & inefficient

Lalalsticlala Mynd44 have you people join bad gang?

Hmmmmmmnn....


This dude supposedly ran the most corrupt civilian government warranting the coup by Buhari

Hmmm

Hmmmmmmnn....

This guys in government think it's a joke

Sad

The Minister has a penchant for abdicating his core duty in favour of debates in the media.

He knows this is where his core strength & major employees are.

Left to Nigerian media & staff of Lagos APC/AC/ACN there is uninterrupted power in Nigeria and it's only unpatriotic elements like the 'illiterate and corrupt senators and reps' that can't see it.

They are the ones stopping Minister Fashola from turning Nigeria to America

Shay he was supposed to die instead abi what again?

Oshey!! Mathematician!!

Personal opinion?

This woman supports one thief and rails against another!


Is there no integrity anymore?


#ACCREDITEDMEMBER
#MYTHIEFYOURTHIEFGANG

FeloniousFelon:
Lol

We tell them but dem no listen

Incidentally a battle between an actual descendant of Afonja and a more recent Afonja avatar.

simplyhonest:
I don't know... next question pls

Why do Nigerians ignore corrupt practices of individuals from their own faith, religion, tribe, association etc. but rage over corrupt practices of those outside their circle?

Attached below is the image of the site board for the Iponri 2 A Modern Market Development at Iponri Lagos State

Attached also is a Google earth satellite image of the site showing the current built up status.

The Question is:

HOW did a Modern Market Development promoted as a Joint Venture between Ibile holdings and Growmore Development Ventures AWARDED to Elektrint Nigeria Limited by the Lagos State Government under Babatunde Raji Fashola become a 200 unit Housing Estate under LagosHOMS under the same Governor?

How can a contract be awarded with Contractor mobilised to site as evidenced by the site board only for the contract to disappear and another fresh project be awarded on the very same site?

Lagos Magic?




Attached image of LagosHOMS project from http://www.lagostelevision.com/lagoshoms-contractors-urged-early-completion/

This sounds a bit contrived

How come SaharaReporters suddenly came upon this information after an 'eventful' day at the Senate?

Seems like their usual strategy of gaming the system

Cont.

Is this Nigerian School Subject Arabic and Islamic Studies or Arabic Language? By FACTCHECK NIGERIA

http://www.factchecknigeria.com/facts/is-this-nigerian-school-subject-arabic-and-islamic-studies-or-arabic-language/

I wonder if the Ag. P is deliberately playing Political Neophyte

Why walk into this with eyes open?

Or are his eyes closed?

By ‘Dotun Akintomide


With Etisalat Nigeria enmeshed in $1.2bn debt crisis allegedly blamed on financial recklessness of the company’s board, the resignation of its Billionaire Chairman, Hakeem Belo-Osagie, yesterday (Friday) was already cast in stone, but The New Diplomat’s findings show this will not be the first time, the business mogul will be forced to walk away from boards of organizations after plunging them in financial turmoil.

The New Diplomat recalls that Belo-Osagie, the ex-Etisalat Chairman was equally forced to resign by the Central Bank of Nigeria (CBN) in March 2004 as the chairman of the board of directors at the United Bank for Africa Plc (UBA), one of the largest commercial banks in Nigeria. He resigned from the post in the wake of allegations made by the Central Bank of Nigeria (CBN) that the UBA had been involved in unlicensed foreign exchange trading. As a result of these allegations, Belo-Osagie was immediately blacklisted by the CBN.

In 2002, UBA, under Belo-Osagie, became the focus of a CBN probe over money laundering and foreign exchange abuses after the sum of $2.5 million was reportedly said to have been fraudulently withdrawn from the US Treasury by one Neil A. Smith. The money was laundered in tranches to various banks for further disbursement to designated banks in different parts of the world.

Of the sum, $350,000 was allegedly wired in September 1999 into the account of a Nigerian company, Zamora Nigeria Limited, at the New York office of the UBA.

According to further findings, Belo-Osagie, whose net worth is about $600 million was also fingered in the over 11 million Mossack Fonseca documents otherwise known worldwide as the Panama Papers which exposed global powers in government and private circles stashing wealth in tax-havens in several offshore accounts around the world. In 2014, he was listed by Forbes Magazine as the 41st richest man in Africa.



The Economic and Financial Crimes Commission (EFCC) in 2005 had launched an investigation into Belo-Osagie’s chairmanship of the UBA, but the investigation was abruptly ended without filing a single charge against him at the law court after which his name was removed from CBN’s blacklist in May 2010.

Albeit, with the latest development, financial experts have continued to posit that, it thus appears, the businessman has a track record of being forced out of establishments on grounds of financial mismanagement.



Belo-Osagie who is the only surviving shareholder in the embattled mobile operator, Etisalat currently embroiled in a $1.2 billion loan repayment crisis with a consortium of 13 Nigerian banks, was the promoter of Emerging Markets Telecommunications Services, EMTS, which controlled 15 per cent of the equity holding of the company.

His resignation followed the withdrawal, two weeks ago, of the company’s major shareholder, Emirates Telecommunications Group Company, after its affiliate, Mubadala Development Company, had indicated its intention to withdraw from the company.

Last week, the United Arab Emirates, UAE, company, in a filing to the Abu Dhabi Securities Exchange in Abu Dhabi requested EMTS Holding BV to transfer all of its 85 per cent shareholdings in Etisalat Nigeria to United Capital Trustees Limited, the legal trustees of the banks, latest June 23, 2017.

Since then, Etisalat Nigeria had been logged in series of negotiations involving the consortium of banks, the Nigerian Communications Commission, NCC and the Central Bank of Nigeria, CBN, to restructure the remains of the telephone operator’s management.

In 2013, Etisalat had obtained the syndicated loan from a consortium of 13 Nigerian banks, including Access Bank, Zenith Bank Plc, Guaranty Trust Bank Plc, First Bank Limited, Fidelity Bank Plc, First City Monument Bank, Stanbic IBTC, Ecobank, United Bank for Africa Plc and Union Bank of Nigeria Plc.

The loan, which involved a foreign-backed guaranteed bond, was to help the mobile firm finance a major network rehabilitation, upgrade and expansion of its operational base in Nigeria.

However, its alleged failure to meet agreed debt servicing obligations with the banks since 2016 triggered a major crisis, culminating in the recent withdrawal of majority of its shareholder and resignation of Belo-Osagie.




https://www.newdiplomatng.com/business/etisalat-like-uba-belo-osagies-financial-mismanagement-exposed/

Hmmmmmmnn...

You are a little late

The plan ab initio was for NER to run for President in 2019.

BAT would be VP from 2015-2023

(imho)

PS funny thing is NER is playing BAT like a harmonica and I do not think he (BAT) knows it.

Una still dey do dis una kalokalo

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Pussy Cat Pussy Cat where have you been?
I've been to London to visit the PRESIDENT!
Pussy Cat Pussy Cat what did you there?
I frightened a little mouse under the chair!
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