₦airaland Forum

teufelein:
gej is not only clueless, he's embodiment of silliness all rolled into one complete ABYSSAL IMBECILITY. i've never in my life seen/observed or witnessed such crass foolishness in my life. jeg has redefined that word imbecility to a level where i find just disgust, despise, supreme contempt for him. he's an eyesore and not worth it to live amidst the Great People of Izon or Ijaw...he must be banished from Ijawland!

wowww...you sound very wise.... ...will you marry me??

McLove:
Must you always hate, cant you just appreciate good things once? Even after you people won the election you wont stop crying

sharrapp...jonathan failed us completly...jonathan should be president again by now.....I HATE JONATHAN!!!! to hell with him...

better,,,run,run,jonathan....or else na kirikiri straight,,,,

pahhh...forget boko haram,,,they are a gooner...by joining isis,they already abandoned the black-race...WE WANT THEM ALL DEAD..

traitors..

now the ol black-race,will decend on them... piss of shiiiits.....

klevjey:
d fact u grew up there doesn't make u come from there...u are not from urhobo...u r from Ibadan or yola

pahhh...you are an idiooot....my mother will slap you in the face....she is urhobo...and HARDCORE...

boko haram must die...our dark-armys are after them...they will not survive our dark-armys.....

klevjey:
northern fvcker

i am not northern,you idiat,,,,,,,,,i am urhobo,patriotic-nigerian,go look in the dictionary what patriot means...


idioooooooooot...............

i propose,if igbos dont get reasonable und bring progressiv solutions to improve nigeria in this forum......

WE BAN ALL IGBOS FROM NAIRALAND,,,

heavens,,,,igbos must become patriotic-nigerians or GET LOST!!!!....

klevjey:
ma guy, u r not from south south...u r a slave under ur slave master...worst of all, ur master is a suya man...chai!!

go fvck yourself!!!!.... idiat...

heavens...jonathan should disappear already....jonathan,pisss off back to otuoke,and NEVER COME BACK!!!!!...

anyaekekehinde:
you maybe somehow wrong.
Do you how many barrels of Oil leave bayelsa everyday ?
Do you know that many of the big multinational company that pay heavy taxes are in Nigeria because of bayelsa, without oil in bayelsa, there will be no chevron in lekki and many more, it was the breakthrough in oloibiri in 1956 that brought many of them to Nigeria and they decided to settle in lagos being a cosmopolitan city.

not forgetting that theses guys in bayelsa suffers from serious environmental degradation (go through ISO 14000). So if after many years of oil exploration dating back as at 1956 (constant gas flaring) if you are not heartless, you will agree with me that lots of stuffs that should be used to compensate them.

Lagos is not yet an oil producing state, though it maybe, that is if after drilling, oil is found in commercial quantities in the wells, i am aware alhaji folawiyo and chevron are in charge.

you have a point there....

we must abandon oil...we must...oil is a nasty bussiness,,,WE MUST ABANDON IT....

fastguy10:
One Nigeria is a big fraud

Which court stops jonathan from relocating $500m oil project from lagos to bayelsa

lagos is nt one of d oil producing state in Nigeria and them can never be

Gej if u dnt ignore dat court n do ur wish I will nt be happy wt u at all we deserve it becos it is our right

DS ONE NIGERIA IS A BIG FRAUD

what the hell are youuu talking about?

doesnt the oil belong to the ol nigeria?

i,for my part am happy,that the courts are functioning again...

SAI General Muhammadu Godwin Okechukwu Babatunde Oluwafunmilayo Buhari

who cares about the white devil-female....

let her go kill her self...

effyzie01:
I'm not in the mood for arguments. But I think you'll be proved wrong from May 29th.

i hate jonathan now,,,how could he allow all this to happen under his watch....?

money gone..chibok girls gone,,,respect from other nations gone...we have to start from zero again...HIS HE MAD!!!!??

stvpid otuoke bastard,and his stvpid wife..

Chiaka:
If he has his proof let him put it forward not just talking mouth! mouth!,
So that based on his prove investigation will be made.
Not just raining accusation.........Even himself should be investigated,
he was also a public servant as CBN governor

i am going to end the relationship today,with my igbo woman...igbos pisss me off..very foolish people...INDEED...

Chiaka:
If he has his proof let him put it forward not just talking mouth! mouth!,
So that based on his prove investigation will be made.
Not just raining accusation.........Even himself should be investigated,
he was also a public servant as CBN governor

are you finish with your repeating quoting...go and read a book...heavens....

Billygee2u:
the hausas eriously wants to bring Jonathan down since he first assumed office in Aso Rock,but they will fail

what are youuuuu talking about...jonathan is already brought down...its over for jonathan,,,he will never rule nigeria again...

as the hausas,washed ttheir streets with scares water,after jonathan visited,i already knew,he is a gooner...

you dont invite a friend to your home,and spit in his plate of food....that was a BIG insult to jonathan...

but,heyyy,jonathan is so clueless he never understood...the nord still have more population than the south-areas...THAT IS FACT...

naija2dabone:
In case HRH forgot why he was suspended:


The Financial Council audit report on the Central Bank of Nigeria which led to the suspension of Sanusi Lamido Sanusi from office accused the apex bank management of several financial practices that border on fraud. It said that there is a provision for “Facility Management of N7.034 billion in 2012; N5.751 billion in 2011. A breakdown of these figures reveals that this is

just an expense head where the leadership of the CBN dumps what ordinarily should have been accounted for as their Benefit-in-Kind for tax purposes. A closer look at the breakdown shows that it is just an expense head that is used for fraudulent activities as they have items such as “Profit from sale of Diesel” indicating that the CBN at some point operates in the downstream sector of the Petroleum industry.

sanusi

*CBN Gov Lamido Sanusi

Download the report here

“There are also breakdown such as “Currency issue Expenses” of N1.158 billion and Sundry Currency charges of N1.678 billion under “CURRENCY ISSUE EXPENSES.” As they are in 2011 so are similar expenses in 2012. These are difficult to understand.

The CBN accounts revealed it paid Nigerian Security Printing and Minting Plc N38.233 billion in 2011 for “Printing of Banknotes” whereas the entire Turnover of NSPM Plc Group is N29.370 billion.

“It also therein claimed that it paid Air Charter, such as paid to Emirate Airline N0.511 billion; Wing Airline, N0.425 billion and Associated Airline N1.025 billion to distribute currency by air nationwide. Emirate Airline does not fly local charter in Nigeria. Wing Airline is not registered with Nigeria Civil Aviation Authority and Associated Airline does not have a billion turn-over for 2011 because upon inquiry, the management claimed that they have no financial statements and have not had any significant operations for the past two years, that will warrant preparation of financial statements.

“There are also breakdown such as “Currency issue Expenses” of N1.158 billion and Sundry Currency charges of N1.678 billion under “CURRENCY ISSUE EXPENSES.” As they are in 2011 so are similar expenses in 2012. These are difficult to understand.

Other areas of fraudulent activities include:

“Facility Management N7.034 billion in 2012 N5.751 billion in 2011. A further breakdown of these figures reveals that this is just an expense head where the leadership of the CBN dumps what ordinarily should have been accounted for as their Benefit-in-Kind for tax purposes. A closer look at the breakdown shows that it is just an expense head that is used for fraudulent activities as they have items such as “Profit from sale of Diesel” indicating that the CBN at some point operates in the downstream sector of the Petroleum industry.

“Within the “Administrative expenses” is an item they referred to as “Loan write-off.” This accounts for loans supposedly given to staff and written off thereafter. It came to a total of N3.855 billion in 2012. There is the need to review the Board approval for this loan write off if any.

Within the “Administrative expenses” is an item they referred to as “Fixed Assets Clearing Account.” These are properties acquired by the CBN for which it does not expect to derive future economic benefits.

These properties are written off by the CBN on a yearly basis. This came to N4.076 billion in 2012; up from N1.324 billion in 2011. This should not be mistaken for “Disposal of Fixed Assets Schedule.

The report further said “Foreign Bank accounts that have been closed offshore were still operational in the General Ledger for over six months after they have been confirmed as closed accounts by the offshore Banks. A thorough investigation will reveal how the balances in the now fictitious foreign accounts are treated. It also said that “There are long outstanding invoices that make up the liability account from as far back as 2005. The External Auditors have to request, in their draft management letter, the management or whoever deems it fit to carry out a thorough investigation in this area to ensure items standing in this account are valid invoices.

The “Know Your Customer” policy is not properly followed by the CBN to the extent that the CBN has an unknown customer with account balance of N1.423 billion since 2008. The CBN claim that they are taken steps to obtain the required details regarding the address of the customer.

“Real time Gross Settlement Clearing Account, that is supposed to be reconciled on a daily basis, has long standing reconciling items that could not be substantiated. The external audit revealed debit/credit balances of sundry foreign currencies without physical stock of foreign currencies in CBN Head Office account. At no point should one expect to have fictitious Naira balances without the foreign currencies to back them up. It is important to know who is or was with the foreign currencies at the time.

According to the Financial reporting council an organisation that had an additional brought forward to General Reserves Fund of a mere N16.031billion in 2012 could still go ahead to spend uncontrollably in 2012 and in some cases even increase the expenses.

The CBN it said spent on promotional activities; N3.086 billion in 2012 up from N1.084 billion in 2011; even when the CBN does not have a competitor in Nigeria which may require a “fight” over brand and customer size. The figures are too high.

“Expenses on Newspapers, Books and Periodicals excluding CBN’s Publications is N1.678 billion in 2012; up from N1.670 billion in 2011.

The CBN was gracious enough to reduce their “Legal and Professional Fees” from N20. 202 billion in 2011 to N0.460 billion in 2012. What could the CBN have had to spend N20.202 billion on in 2011? They also reduced their “sundries” unexplainable expenses from N1.197 billion in 2011 to N0.690 billion in 2012. One is at a loss why the CBN still carry “unexplainable expenses” and of this magnitude.

“The CBN also magnanimously reduced expenses on “Ethics and Anti-Corruption” from N34 million in 2011 to N18 million in 2012. This is an area that they are supposed to strengthen their activities and unearth unethical and corrupt practices. The CBN preferred to reduce their financing by almost 50 per cent. The CBN, outside the agreed audit fee of N300 million paid to their External Auditors and which was reviewed upward in 2012 from N200 million in 2011, the CBN showed within “Administrative Expenses” that they paid the External Auditors another N140 million.

Section 6 (3c) of the CBN Act, 2007 provides that the Board of the CBN is to make recommendation to Your Excellency on the rate of remuneration to External Auditors. An investigation need to be carried out to know whether the Board secured your approval on this review.

The leadership of the CBN also wrote off loans to the tune of N3,856 billion in 2012. Since this was disclosed in under “Administrative expenses”, it was supposedly made to staff members.

The Council outlined the CBN ff due process and said that “Non compliance with laws and relevant regulatory guidelines could lead to reputational damage for CBN. Examples are: The provisions of the Memorandum of Understanding (MOU) signed by the CBN and other Deposit Money Banks (DMBs) on Banking Resolution Sinking Fund are not being complied with by the CBN.

“A Board of Trustees (BOT) to manage the fund has not been put in place since it was established in 2010. (The BOT is supposed to consist of two representatives of the CBN, the Permanent Secretary of the Ministry of Finance, a representative of the Debt Management Office and five members of the eligible financial institutions. The CBN went ahead to issue the Nigerian Treasury bill investment using part of the money in this banking resolution sinking fund account without the settling up and approval of the said Board of Trustees in accordance with the signed MOU.

“Some parastatals deposit accounts with the CBN have debit or overdrawn positions. This is contrary to government policy on the CBN’s management of parastatals accounts with the CBN. Amongst the MDAs listed by the CBN, with overdrawn positions to which the CBN is now accounting as loan provisioning are Federal Ministry of Science and Technology, Nigeria Deposit Insurance Corporation, Nigerian Security and civil Defense, Ministry of Foreign Affairs and Federal Civil Service Commission. It will be necessary to circularise these MDAs to ascertain the veracity of this claim by the CBN.

heavens,,,dont write a book...just say our leaders are all crooks...HEAVENS...

koladebrainiac:
only God knows that if GMB fails to try these thieves , we gonna change them

if apc fail us again...we shouldnt forget...

we have....

AA,ACPN,AD,ADC,APA,CPP,HDP,KOWA,NCP,PPN,UDP,UPP

we need people that are serious about the problems of the black-race....ASAP...

Jesusloveyou:
Interesting, for d period of 19months,not even d 5yr of gej, so in 5yrs,it wil add up to $50bilion. d total money stole for 5yrs in all sector of d economy is enof to develop dis country to be like paris.

thank you,,,now you start reasoning...

their is much more missing than,they want us to believe....

nigeria should be more developed than the ol europe combined....

welcome to reality...

IGBOSON1:
^^^Dude!.....It's like your entire fuc/king life revolves around Ndigbo!

What the fuc/k has this thread got to do with Igbos? South Southerners will not be surrogates to Igbos but are perfectly ok being surrogates to Hausa/Fulani abi? And just how exactly do you envision South Southerners would be 'surrogates' to Igbos?

Maybe you're breathing a bit easier now, thinking that your fuc/king 'one Nigeria' just got a lifeline.....just because a few fat greedy politicians with zero integrity decided to cross over to where they reckon their selfish interests would be better served!

as i said...and always said....their shall be no biafra...nigeria willlllllllllllllll stand...no matter what...if you igbos want biafra,,,,then go create it in the atlantic ocean,,,,who cares....

kolofem:

what,,what,,,what,,,,,,,,,,,,,,,,,,

when the goat is not in my pot,I DONT CARE...!!!!!

thunder fire you:::

thunder fire the bastard,that did this to her...

N3,000 is a lot of money...THUNDER....

sorry.

am happy,to see my black-queens happy....

jcmaiah:
and how are we not sure this was cooked up by APC?

heavens,,what does this matter have to do with apc

the only thing i know is,he works for deutsche welle...deutsch=germans,,,germans=colonialists,,,thats all i understand in this story...

we have secret service,,,how dare this idiat...TO HELL WITH DEUTSCHE WELLE....

this guy pray too much...nigeria will get no were,only with prayers,we need action,face reality....

i say close down all churches....we can turn them into public-toilets..like this they will be more usefull....

if you want to shitt and pisss then you can give the pastor(he or she will maintain the public toilet) tites....

stvpid ass-holes...

if igbo fall for this kind of stvpid propaganda,then igbos must be the most gullible africans alive..

its no science that whites dont like black-people...

heavens,,,what are this colonialits up to again...

THUNDER FIRE ALL OF THEM...

their shall be no biafra,,,if they like,make them shitt and pisss in igbo...i dont care...

TheOtherview:
He thinks he is making sense by deflecting the failures of the ruling party with puerile arguments about what the opposition represents.
Hear him ask with some temerity; if Oby Ezekwesil has ever managed any viable entity in her life, when even her most ardent detractor should recall how she earned the sobriquet - Madam "Due Process".

The standards on NL have fallen far, I tell you. For what now passes for political commentary are ill-conceived arguments produced by fickle individuals, who regale in the contrived expressions of adulation ('likes') they attract.

What I described above is one of the legacies Jonathan managed to foist on the nation - total denigration of our public intellectual space.

heavens,,you sound like wole soyinka....

can you explains things,that normal beings like me can understand??

sinizia:
Shut the fúck up, you attention-seeking political jobber. Shameless old hag who said Obasanjo is not corrupt but yet accuses GEJ of being corrupt. Your likes are everything that's wrong with mankind. Pained because GEJ couldn't give her a job. Pained biatch!!

Yes, GEJ is corrupt. GEJ didn't perform to our expectations. Yes GEJ and his cronies like Diezani and Okonjo-iweala ran this country aground. But you are not the one to open your cesspit tank of a mouth to talk trash. You are no saint. Under OBJ's administration, what did you achieve? You wasted your time there and looted funds, you dumb Twitter bytch!! You are just seeking for attention. I lost all respect for you when said OBJ is not corrupt. You are two-faced political nuisance. Bury your face in shame.

what is your fvcking problem...shey they swear for you??

shut the fvck up...