₦airaland Forum

thunder74:
It is sad to note that many people here don't know the difference between Personal Income Tax and Company Tax and others. Atiku can't declare the income and taxes of his companies here, he is only limited to his personal earnings like salaries etc.

This is the problem of these zombies never brilliant folks. You know book jare my brother

*The Politics Exploited On The Foreign Reserve Debate And What You Must Know*

Jonathan was lambasted for "depleting the foreign reserves during his time as President, when in the true sense of it certain factors were the reasons why it happened that way. Take for instance, In 13 days $1bn wiped off our reserve. In one month (September, 2018 under Buhari), $1bn was wiped off our reserve. Since July 2018 about $5bn wiped off our reserve. Does it mean they are stealing it as the reserve is declining? That was the narrative when it happened in previous administrations under Jonathan. That is why it is important to be factual irrespective of what happens because it may come back to haunt you. Of course i don't intend to play politics with the foreign reserves debate in this case just want to state the obvious. The truth is, the CBN advised that the reserves are being used to defend the naira cos of rising interest rates in the US..next option is devaluation. This was exactly what Jonathan did with our reserves and the APC lying liars went ballistic claiming he was stealing from the reserves when in all clear terms this was not the fact.

In addition Fixed Income maturities between now and the end of December 2018 is around $7.5bn. Between now and February 2019, we estimate 11- 12bn dollars of maturities. Reserves are currently at about $43bn dollars. If we assume no inflow and 100 percent outflow , the reserves will be sitting at $31bn dollars by February 2019, meaning we have not really moved past what Jonathan left us in our foreign reserve in 2015. This is the more reason why FGN want to raise $2.9bn before the year runs out in order to maintain the current status of the reserve to avoid further depletion now this is where it becomes dangerous because mounting debt profile is a snag on our foreign reserves in this case as they (borrowed funds under this Buhari's govt) are not fully utilized to benefit or grow the economy. Reserves in any Nation, are used to defend your currency, used to settle foreign debts, used for international trade so in terms of prosperity when people import a lot it could decline etc but mostly what made their reserves to grow is the foreign debt they have been accumulating not that they are doing something special to build the reserve.

This made all sense that even a layman can pick the facts in the knotty way of explaining how foreign reserves are built and spent with the impacts they wield on an economy if well utilized! Foreign reserves in any economy are grown as a cushion effect in times of financial crises to ‘defend the local currency of that particular economy’. In the case of Buhari, he met about $30 billion in reserves in May 2015, this simply means he’s never really added to the reserves if we factor in foreign debts.

engineerboat:
Remember you once said Atiku will not win primary

Remind her once again my brother she must learn by fire and by force as 2019 approaches.

Atiku is Nigeria's next President!

Amosun Accuses Tinubu, Oshiomhole Of Perpetrating 'Fraud' In Ogun State

“The issue of Chief Osoba and Asiwaju and co, what we said was that there was a definite silence from their end, and silence means consent. You can record me and publish it in your newspapers. We have not heard one word from any of them. Was there any election in Ogun State? Yes or No? They should come out," he said.



BY SAHARAREPORTERS, NEW YORKOCT 22, 2018

   


Ibikunle Amosun, Governor of Ogun State, has accused Adams Oshiomhole, National Chairman of the All Progressives Congress (APC); Bola Tinubu, APC National Leader and Olusegun Osoba of conniving to impose Dapo Abiodun as the governorship candidate of the state in the general election.

He insisted that there was no election in the state aside the one that was broadcast live, stating that the silence of Tinubu and Osoba on the matter was proof they supported the imposition.

He also said if the National Working Committee or Oshiomhole insisted there was an election in the state, it was "fraud".

Amosun spoke during an interview shortly after the swearing-in of the new Chief Judge of the state, Mosunmola Dipeolu, held at the Governor's office chamber in Oke-Mosan, Abeokuta.

His words: “The President already knows there was no election in Ogun State. He knows that they just went to Lagos, wrote all results and that what they did is fraud.

“If the National Working Committee or the National Chairman said there was an election in Ogun State, it’s all fraud. That is what I said. Mr President already knows, there was no election in Ogun State, other than the one we held.

“The issue of Chief Osoba and Asiwaju and co, what we said was that there was a definite silence from their end, and silence means consent. You can record me and publish it in your newspapers.

“We have not heard one word from any of them. Was there any election in Ogun State? Yes or No? They should come out. People at this level should be courageous enough to take a position, to come out, to come and tell us whether there was an election.

“The one governorship election that we had, there was live telecast, people even witnessed it."


http://saharareporters.com/2018/10/22/amosun-accuses-tinubu-oshiomhole-perpetrating-fraud-ogun-state

Cc: Seun Lalasticlala

Butterflyleo:
Your opinion was not solicited.

Its a pity though that your grubby thieving hands will never pick a penny from our coffers come 2019.

You can now shove your opinion where the sun doesn't shine

You will soon scram from this platform after February 2019 I guarantee you that one. Don't be used as an agent of rigging I beg you. Enough of your irritating habits here.

Butterflyleo:
Yes there will be continuity until 10million youths are actively engaged or skilled and gainfully employed.

This is the vision of PYO for Npower and its a major passion of this administration


The success stories are amazing and it shows that the youths who have been long abandoned by previous governments only needed the right guide and incentive to reinvent themselves and the FG is fully ready to give them the much needed support.

Not even demons will be this hardworking. Its a pity your service ends this coming February. Why you choose to enjoy cavorting with anything evil is solely your fault. BUHARI will be disgraced come 2019 for failing a nation he pledged to serve.

Atiku has no case to answer therefore the lifting of the ban is already imminent. I am too confident of his emergence in 2019!

I love this, another masterstroke from the Atiku Abubakar Campaign Organization

modath:
So long an epistle ... Pele onku, FeBUHARI, you'd be fine .

Go and get something doing, you have been humbled already......

jumpandpas:
Who are the supporters of Adeosun Maina Babachir Lawal?

I swear you are wicked...... please comrade save your best punches for the last party as many of these BMCs are about resuming here now

modath:
Crying more than the bereaved much, am i the one that banned your lord & saviour from visiting the US? Shebi you know better than Atiku's spokesman about his life... Don't have HBP yet, FeBUHARI is less than 120 days, e go be..

I don't like fake consolers who are dying inside yet pretending to be alright. If you folks put your grey matter to use truly and are not poor students of history you should have seen that virtually every indices that worked against Jonathan that made him lose to Buhari are fast being repeated in geometric progressions under this useless government of Buhari yet like the irritating plebs you folks are you still want this bastard of a leader who can't think for himself, kept borrowing while depleting the nations forex, lying to cover for its inpetitudes, bad policies, insecurities, mounting and intimidating negative standard of living, etc to come back to power despite these glaring and shameful stats? .....most times I ask God if truly you folks came from him. Atiku is you guys nightmare just wait for it in 2019 but it will be too late as you would have buried this your moniker.

jumpandpas:
BUHARItuarist OSIBANJObless people everywhere.

I tell you brother mi, they are paid and placed on a terrible oath not to sleep, be on fast on top Atiku's matter not knowing that they are indirectly campaigning for Atiku and making him more popular I like the fact that these e-bats stay awake all night to be the first two three clowns to comment on Atiku matter forgetting their lifeless despot making lives miserable for them.

modath:
Segun Sowunmi, thank you for the confirmation.... But we won't have a thief guard our treasures, no sir.

P.S...Atikulated Obutuary voltrons, over to una...

First thing first, The US don't just consider lifting a ban on someone that had been indicted on corruption charges especially to that "fictituous magnitude of $40 million allegations against Atiku you misinformed folks bandy around", get duly informed on that. If Atiku was indicted, nothing like thinking of Lifting any ban. I am not sure you have a clearer understanding of what Segun Sowunmi said or meant there because your unnecessary fixation on the man Atiku might blow you no good anytime soon. Stop deceiving your self, life and ego, that's Nigeria's next President. Don't be caught rigging and please take a chill and stop supporting evil for once as a lady if truly you are.

CilicMarin:
FAKE NEWS Copied From Thisday.

You will soon be a wise boy don't worry

goslowgoslow:
You get sense at all? Do you know the history of crisis in kaduna? Na today?

Only the deep can understand go back to your ogogoro sipping man...

sarrki:
Atiku will give SGF slot to South West"-Gbenga Daniel

We already have a sitting Vice President in person of Professor Yemi Osinbajo

While on earth did Atiku and his gang of Atikulate people think southwest will vote him to be president?


To me I see it like the popular sayings in Yoruba that says
"
Alajo somolu tota moto tofi rakeke


Just like the Shomolu Thrift Collector who exchanged his car for a bicycle!

Please let’s discuss

Know insult please constructive and fruitful discussions

Mynd44

Lalasticlala

Modath

Butterflyle0

Who is this again? What type of human spews this when you should be at your rice paddy.....

Buhari is a curse in the land no doubt!

It is a settled case no doubt. Atiku's bug is infectious...........

rusher14:
Olisa is a fool.

Why not campaign for Evans?

Since you have chosen not to be reasonable then your wailing just start.

nnachukz:
Their campaign slogan is Atiku is corrupt. Yet they can't take him to Court and convict him for any crime same situation Buhari gave us as his reasons for saying that Abacha didn't steal since no court convicted him.

My brother there could be mutants in our midst after all. I can't even fathom a full breed human defending Buhari like one Jack Bauer

2019: Yoruba Youths List Condition to Support Atiku

The Yoruba Council of Youths Worldwide has given conditions to support the Presidential Candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, in the upcoming elections.

The President of the group, Aremo Oladotun Hassan, said the aspirant needs to prioritise economy, fiscal federation, security, education and infrastructure if he is to emerge president in 2019.

Hassan, a legal lawyer, made the call on Thursday in Lagos, said that until the issues were resolved Nigerians would not stop complaining.

The youth leader said that the restructuring agenda must be faced head on with setting up of A National Restructuring Affairs Commission with an Executive Bill.

“He (Atiku Abubakar) must be able to summon a greater patriotic will towards building and reviving our dying nation from economic stagnation and social insecurity.

“He must be able to implement the 26 per cent UN Budgetary standard allocation to the Education sector with a view to postulating and establishing a statutory principle of law by enacting the Education Right Bill into law.

“Also, the government must be ready to equip youths by granting 40 per cent youth affirmative action plan on appointment and involving the Nigerian youths in his government.

“There must be a robust vocational training programme in information technology, Agriculture and other ancillary training, which will place and rank Nigeria as first world nation via economic revolution plan.

“Security architecture needs a total overhaul and ensure absolute neutrality in the discharge of their statutory duties,” he added.

The youth leader said that more emphasis should be placed on rebuilding peace and national orientation on patriotism.

He said that Atiku must choose a South-West youth with intellectual acumen for economy and law as the Secretary to the Government of the Federation since the zone lost the position of running mate.

According to him, paying attention to above issues and adequate representation of youths will galvanise support for PDP come 2019.

http://www.dailyadvent.com/index.php/2018/10/18/2019-yoruba-youths-list-condition-to-support-atiku/

This is how Buharideens should present Buhari's stewardship to us for the past 3 and a half years if truly they know what they are doing.

naijapips02:
Frivolous. The court would strike most of these out.

EFCC truly has no case.

I tell you my brother. The partisanship in EFCC will be its undoing

EFCC is only wasting its time on this because I am too sure of this useless agency open partisanship that has messed them up. Fayemi brought in over N18 billion to forcefully win in Ekiti so Fayose definitely has a good case at hand

AlhajaChinyere:
Op olodo!

Atikulootingly biased nonsense.

You will soon be freed from your bondage of Buharism.

ipobarethieves:
So the renowned thief will traful go USA after he becum IPOB president. Ipob dey drag Atiku like Tiger Gen.

You will soon be wise.

2019 and the Atiku Advantage

By editor - 5 days ago

   



GUEST COLUMNIST BY MAGNUS ONYIBE

Following the emergence of Atiku Abubakar as the presidential flag bearer of the main opposition party, the Peoples Democratic Party (PDP) at the party primaries conducted penultimate weekend under the chairmanship of Delta State Governor, Ifeanyi Okowa, a lot has popped in the media, alleging that the former Vice President of Nigeria (1999-2007) who is currently running for the office of president for the third time is corrupt.

The simple truth is that Atiku is like the United States President, Donald Trump, a wealthy business man determined to help turn around the present misfortune that has befallen our country, relying on his proven business acumen
And he has unequivocally stated repeatedly that no court of law has convicted him in Nigeria or in the US for corruption.

The label of corruption on Atiku is therefore borne out of mob mentality and purely character assassination by his adversaries. The universal rule of law and natural justice stipulates that an accused is innocent until proven guilty.

The record is there for all to see that Atiku was once investigated for movement of large sums of money into the USA through Intels, an oil service firm of which he owns 16% equity.
Intels is a legitimate business in Nigeria like Exxon Mobil, SHELL, TRAFIGURA or Halliburton.
The US is very sensitive to funds movement into the country, particularly as an aftermath of the 9/11 Al-Queida terrorist attack in New York which was funded with money from abroad.

Please note that Atiku moved funds from Intels, not from Central Bank of Nigeria (CBN) or Nigeria National Petroleum Corporation (NNPC) to Jenifer his wife in the USA to purchase equipment and other stuff for the American University of Nigeria (AUN), his university in Yola which is noble.

Law enforcement agencies needed to do their work of identifying and authenticating the source of the money that Atiku has been spending to fund his university which is a mandatory action usually carried out by regulatory authorities in the financial services sector all over the world.

Besides, there is also the penchant for foreign countries to seize funds from developing countries on flimsy excuses expecting that it might have been acquired through sleaze and thus the owner may not speak out. In the case of Atiku, since his source of income is open, he went through the drill successfully. Thereafter, he had visited the US several times. As most of us can confirm, visa issuance is a private matter and only the consular officer can decide to issue based on discretion. People have been known to have been given visa but turned back at the border post indiscriminately.

We are all aware of the ordeal our country is currently going through in the bid to repatriate the infamous Abacha loot. They have mounted all sorts of hurdles to make the return of the money to the source of origin very difficult, if not impossible.

Little wonder, President Muhammadu Buhari made the issue of repatriation of Abacha loot by host countries, the fulcrum of his speech during the recently held United Nations General Assembly meeting , in New York, US.

ln my view, the West apply their standards to us in the so-called developing world when it suits them. Hence we are referred to as third world and dark continent when it comes to infrastructure and investments. But they hold us up to first world standards when it comes to financial/business standards which in my view is double standards.

During the industrial revolution (1760-1840), the atmosphere was polluted by the Western world resulting in the threat of climate change calamities to mankind. Today, it is the turn of China and India to under go industrial revolution and they are polluting the atmosphere as the Western countries did a century ago. The West is holding them to same standards of environmental pollution permitted in the West which is not fair, hence it is being resisted.

The depletion of the ozone layer and other consequences of degradation of the environment are dangerous and climate change arising from unmitigated abuse can be apocalyptic. But the West has to make more sacrifice to inspire compliance by the Asian world. Africa is yet to witness its own industrial quantum leap. If and when it does, and the environment is threatened, l would imagine that being a weak continent, the West may dispatch an army of occupation to police and enforce the associated atmospheric pollution.

Furthermore, if the anti-corruption rhetorics in the Western world is altruistic, why don’t they unveil the seal on all the ownership of choice properties in Chelsea area in London, UK and the Potomac neighbourhood in Washington, USA?
Global corruption tracking institutions have been making the case that the often referenced laundered funds from the developing world like India, Pakistan, former Soviet Union countries and Africa were used in purchasing the luxury real estates in the exclusive billionaire residential counties earlier highlighted. Exposing the ownership and the consequential filing of charges against owners by their home countries would disrupt the real estate sectors of those Western countries and by extension hurt their economies. That’s why they have been dithering in implementing the required policies that would unravel the ownership of the assets suspected to have been acquired with illicit funds.

Such attitude of partiality by the moralistic West is sheer hypocrisy, pure and simple.
In the western world, the maximum profit margin in contracts or business is 15%.
We all know that in Nigeria, mark up or profit margin can be as high as 100%.
That’s simply owed to extraneous factors such as country risk which denies Nigerian dealers in some foreign made and imported goods and services credit lines which are extended to their counter parts in the West; high interest rates charged by banks in Nigeria, complex logistics issues etc.

Even Royal Dutch/SHELL and other International Oil Companies (IOCs) s such existential challenges and offer 30% margin to contractors in Nigeria. That’s far more than the standard in the West. But they had to adjust to the dynamics of the local operating environment.
Some commentators have dared the PDP presidential candidate to visit the United States of America to prove that he is not a fugitive.

Atiku does not need to visit the USA now to prove any point when his lawyers have been given a mandate to sort the matter out.

Understandably, it takes a while to go through the rigours of complex legal entanglements anywhere in the world, more so in the USA where the rule of law is highly respected. In any case, l can attest to the fact that there is no active investigation currently ongoing in the USA with Atiku’s source of wealth as the subject. In these days of US Trump’s ‘America First’ ideology, aid funds to the world grim the USA has dried up. So if Atiku’s visit to the USA would be to facilitate aid, that door is foreclosed.
Meanwhile, we need progress and unity in Nigeria.

Such liberties have taken flight from our country in the past three and half years of governance under the current leadership.
The policy of fighting corruption by hook or crook which has rendered our economy puerile and citizens prostrate is a sort of Taliban mentality which promotes poverty as the ideal way of life.
Our country has become a laughing stock in the comity of nations because our president labels us generically as corrupt, which is ridiculous, outrageous and unprecedented.

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Enters Game Changer Atiku Abubakar

And worse of all, it has become obvious that while corruption is tolerated when the people accused of corruption are members of the ruling party, but opposition party members accused of corruption are hunted down and slammed with the sledge hammer.
Such perfidy and contraditions are not lost on officials of foreign missions in our country who are filing reports to their home countries on whether the anti corruption posture of the govt in power is real or deceptive.

The countries with the fastest growing economies in the world, China and India are infamously known as headquarters of corruption. But despite the high levels of corruption, the economies of those countries are robust and growing in leaps and bounds.

The USA is not free of corruption as well, yet its economy is growing at a princely 5%.
That’s perhaps owing to the fact that those countries are not fixated on fighting corruption as we are doing in Nigeria, so anti graft policies are not on the top of their development agenda since the long arms of the law are there to fish out corrupt people.

How demoralised would the average Nigerian feel, if it is true that President Buhari’s daughter is a director in NNPC and how uninspiring would it be to Nigerian youths, if indeed Vice President Yemi Osinbajo’s daughter did her mandatory youth service (NYSC) in Aso Rock villa as alleged in the social media.

If the claims above are incorrect, it will do the regime a great world of good to debunk the allegations with proof.
It may be recalled that during President Buhari’s time in power as military head of state (1983-85) underage children were barred from embarking on Islamic Hajj.

But upon his ouster in August 1985 via a coup d’etat, it was discovered that an under age child of Tunde Idiagbon, then second-in-command in the Supreme Military Council, attended the Hajj with his father.
It was also discovered that Mustafa Jokolo, then Aide de Camp to then head of state, Buhari was caught with several suit cases of money being brought into Nigeria in breach of the laws of our country after Nigerian currency was changed.

Such contradictions during President Buhari’s first time as head of govt in Nigeria and the apparent repeat of application of Do-As-I-Say, Not-As-I-Do policy during his current reincarnation, make this govt’s anti-corruption mantra appear like a hoax.

There is an African country called Tanzania where real change is taking place. The president, John Magufuli, lives by example by doing what he says. He travels by public airline, and shuns the ostensible aspects governance and denies himself the paraphernalia of office. But in Nigeria, during the campaign running up to 2015 general election, promises were made that the sumptuous presidential fleet of aircrafts would be done away with as soon as President Buhari mounts the saddle. Three and half years after, it’s believed in some quarters that the number of aircrafts in the fleet has swollen.

At a point, it was alleged that the high number of private jets (PJs) in Nigeria was a reflection of the high level of corruption in the country. Now that there are far less PJs in Nigeria, are Nigerians better off in terms of standard of living today?
If any thing, the ownerships of private jets in an economy can be a reflection of business boom. If the jet-set are found to have acquired them with proceeds of crime, they should be brought to justice. Touting the fact that a dramatically reduced footfalls in the visitors waiting room of the presidential wing of Aso Rock villa is a sign of the incorruptibility of President Buhari as it is evident he is not cutting deals, as recently claimed by presidential image makers, is a gross reflection of how anti-business/entrepreneurship this govt is.

It underscores the reason our economy is mired in stagnation.
Nigeria should be striving to be a business focused and friendly nation, not a puritanical country that the country has descended into under President Buhari’s watch.
What we need do in Nigeria is to strengthen the legal and law enforcement systems so that those who breach the law are brought to book, no matter how high or lowly placed they may be.

Rather than do that, what we have witnessed are situations where law enforcement agencies such as the police, Directorate of State Services (DSS) and Economic and Financial Crimes Commission (EFCC) are tending towards becoming the coercion arm of the ruling party as opposed to being defenders of Nigerian constitution and citizens which is such a bad omen for democracy.

In the late 1920s and early 1930s, during and after the Great Depression in the USA, bootlegging (smuggling) was very rife in the so-called God’s own country and it was controlled by the mob or MAFIA.

Some of the greatest industries and automobile brands in the USA are believed to have been built from proceeds of corruption.
Elon Musk of Tesla has recently been investigated, indicted and sanctioned for stock exchange infraction in the USA.

The US president, Donald Trump, has resisted disclosing his tax details to the authorities despite public pressure to do so.
He too has been investigated by tax authorities on several occasions. But the fact that he is currently under investigation by tax authorities does not make him guilty of tax fraud.

So being investigated by the tax authorities in the USA is not such a big deal.
We need to enlighten Nigerians on the fact that there is a difference between being investigated and being guilty. As Nigerians, we should wean ourselves of the notion that once a politician or businessman is invited by the EFCC, police force or DSS the fellow is guilty.
Having a vice president some 15 years ago, Atiku is one of the most investigated public figures in Nigeria.
Some traducers have alluded to the fact that Atiku is past 70 years of age which may hinder his ability to lead effectively and efficiently.

Being a young ruler is great but the newly elected prime minister of Malaysia Mahathir Bin Mohamed is 93 and he has just revved up the economy of the Asian country which like Nigeria was on a slippery slope of socioeconomic decay.

The president of the US, Donald Trump, is in his 70s and the German Chancellor, Angela Merkel as wells British prime minister, Theresa May are not spring chickens and they’ve been steering the ship of their countries successfully on the right course.
The PDP candidate pulled himself up by his boot straps by rising from being an orphan to a successful businessman and Vice President of Nigeria 15 years ago.

He obviously knows how to make positive things happen by turning jeopardized situations around.
Having been able to triumph over the vicissitudes of life after being orphaned at infancy to become one of the wealthiest people in Nigeria and also a successful politician without being a royalty, l have no doubt that he can turn around the dire socioeconomic situation in Nigeria into prosperity.
That’s the Atiku advantage and unique selling point.

https://www.thisdaylive.com/index.php/2018/10/15/2019-and-the-atiku-advantage/?amp

CilicMarin:
The lies they can only feed the brainless, hate-filled and ignorant ipob pigs.

You will shed hot tears for real after May 29th here in 2019 on the day of Atiku's Presidential Swearing in Inauguration.

There is more to Atiku than what you think. He has many companies that are not even known to the public and the staff in there are many let me give you a clue. Atiku owns a big plaza at Wuze Zone 5 in Abuja where a lot is done there and many businesses are carried out there. Just one out of those many we don't know of. Yes I believe he employs and pays over 50,000 direct staff.

modath:
Atiku will not be president of NIGERIA..

WISHES ARE NOT HORSES.

You will soon learn by force initially it was "Atiku can.NEVER emerge as PDP's presidential flag bearer" you lost that one and now it is "Atiku can never be Nigeria's President" just wait for it you go soon learn.

Hmmnn.....you actually saw tomorrow a true political prophet you are.