₦airaland Forum

no body has died an you people are busy witing RIP:.........may God forgive una.........read befor una comment una no gree

wind of change

the fear of PMB is the beginning of carefulnes

The Economic and Financial Crimes
Commission (EFCC) has frozen the
accounts of two companies reportedly
owned by the ex-Niger Delta militant
leader, Chief Government Ekpompolo,
otherwise known as Tompolo. The companies, named Mieka Divers
Limited and Global West Vessels
Limited, are allegedly linked with
fraudulent activity in the Nigerian
Maritime Administration and Safety
Agency (NIMASA) under its ex-director general, Dr. Patrick Akpobolokemi, The
Nation reports. The head of the media unit of the EFCC,
Wilson Uwujaren, did not confirm any
details, but said that investigations are
ongoing as regards Akpobolokemi’s
tenure at NIMASA. He said: “I can’t confirm that to you
immediately, but what I know is that
the matter has been under
investigation.” The report revealed that a number of
private bank accounts, allegedly linked
to Akpobolokemi, had also been frozen
on the orders of the EFCC. A source said freezing the bank
accounts was aimed at checking the
illegal movement of large sums of
foreign and local currency across the
nation’s borders. The source, who spoke on condition of
anonymity, further stated that there
was ongoing security surveillance on a
number of private and corporate
accounts suspected of being linked to
slush funds.Government Of Change That Listens To
Us! Money said to be a part payment for
construction work on Maritime
University and NIMASA Techincal
College in Delta state, under a N30
billion contract agreed by the former
administration of the agency, is reportedly trapped at a Yenagoa,
Bayelsa state, branch of an old
generation bank. The source said the move by the EFCC
was to verify and keep a close watch
on the outflow of funds from the
accounts, with a view to ensuring that
such funds were used for the projects
they were meant for. The source said: “For instance, just one
individual got about N13 billion from a
single transaction with NIMASA. The
same individual also collected about
$57 million from similar deals from the
agency without proper documentation. “No serious administration would
attempt to sweep this type of thing
under the carpet. So there must be
proper explanations, bearing in mind
the security implications of movement
of such large sums within the system.”https://www.naij.com/541568-efcc-freezes-account-tomplos-companies.html

initialize:
Batch II.... Ready for dispatch....

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soldiers of CHANGE

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lol

sunnyb0b0:
Enyen nte ikwot

utong nte fan

sunnyb0b0:
Iso nte tinkoriko

isin nte itaad

sunnyb0b0:
Nyin itit ebok.

mfed nte ikpo udok eyop

sunnyb0b0:
Utong ekpu

eyen awa

sunnyb0b0:
Mfed nte asanga ifed ekpo.

iwuo nte funnel

sunnyb0b0:
Ekpo musufe

iso nte ekpo ukabarisua

sunnyb0b0:
Iso nte nkirikid. Adiok ono ifod ke obio ekpo.

ukot nte iyoro satan

barcanista:
The question is "why are prices of goods still high(and even goin high)"?

but sir you ve not answered my question

barcanista:
Is the value of the Naira really appreciating in the real sense or the CBN and the FG are playing pranks on Nigerians? Why are commodities still high in the market?

Ideal Situation
Ideally, customers operating domiciliary accounts will go to the banks, deposit their dollar and through that account they do whatever transaction that they deem necessary. The Banks inturn will take the dollars(and other foreign currencies) to the CBN.

The Buhari/Emefiele Situation
1. The CBN has stopped receiving dollars from banks, as a result the banks has stopped accepting dollars at the counter because their vaults are full.

2. Because of the restriction at 1(above) the demand for dollar reduces in the BDC. The BDCs seek every means to trade the currency including reducing the cost at the black market. The CBN will go to the press to scream "NAIRA IS APPRECIATING."

3. As a result of 1(above) the banks also refuse to request dollars from the CBN's foreign exchange reserve. The CBN will then come out to scream "RESERVE IS GROWING".

Is that the best way to manage the naira?

Salient Question and Effects:
1. What happens to a businessmen with domiciliary account seeking to deposit dollars and transfer to their partners abroad after buying the dollar from BDC or Bank?

2. The bank's refusal to accept dollar deposit means business transaction on that will be halted. Because no domiciliary account holder will be willing to withdraw from his account when he knows that he won't be able to make further deposit due to the CBN's policy except if his intention is solely for converting the dollar to naira for local transaction.

3. Instead of doing transactions from domiciliary account, businessmen will be left with no choice but to operate domiciliary account in neighbouring countries where they will be making transactions or resort to wiring money via Western Union in neighboring country.

4. As a result of 3(above) the cost of commodities will go UP because businesses will make up for the extra expenses. Also, that will mean reduction in business activities in the banks.

5. Should the above persist it will get to a certain point where there will be scarcity of the dollar in the market. When it get to that point, the dollar rate is astronomically shooooooot up in the market because demand will outweigh supply. At this point, the naira problem will be worse than it was.

Is The Naira Really Appreciating?
Make no mistake, the naira-dollar rate is yet to appreciate in the international market. As at May 29 the naira/$ rate was N199 in the market. The rate as at today Aug 5, 2015 is still N199. You can't appreciate a currency via the backdoor. Even the black market rate cannot be regulated through the back door.

What "Sane" Countries Does:
The CBN Governor Godwin Emefiele made it look like one can't deposit foreign currencies in cash in another country. This is contrary to the facts on ground. No country will shut down foreign currencies transactions in banks. Let me give two instances...

On February 27, 2015, the Central Bank of Egypt instituted a new policy to help the Egyptian pound. As part of the policy, Individuals and businesses are allowed a maximum of $10,000(or equivalent) deposit daily and $50,000(or equivalent) monthly. The measure would stop companies from buying large amounts of dollars from the black market and then depositing them briefly in banks in order to open letters of credit for imports.

In China the maximum daily deposit/withdrawal of foreign currencies is $10,000(or equivalent).

Is it not better to place a transactional limit for foreign currencies than discourage deposit completely(that will solve nothing)?
We don't produce, we import, we have no policy to promote local production nor infrastructures in place toencourage manufacturers, yet we expect the naira to appreciate. That is no done anywhere.


I will be glad to get the views of others.


God Bless Us All

so wht is the current exchange rate now in the open market?

sunnyb0b0:
Nkwa mfed mfo.

enyen nte nkwa enyen ikwod

sunnyb0b0:
Are you by any chance comparing small boy Asari to Tompolo?
How old are you if I may ask?

as old as you

let him ask Asari whose threat was more than thisbut now he is no were to be found.
#jobeless militants

did she just mention Airforce?

funlord:
The op and the fellow who penned this letter must be allies of okonjo! So for a former senior government official 2 face scrutiny 4 their performance while in office representing a terrible regime is now a crime? No wonder naija is _fucked!

Nigga am not in any way a member of the 'WAILING WAILERS ASSOCIATION OF NIG.'i only saw this sh*t in Vanguard and decide to share it here to show you the latest antics that TANoids are using now since it was revealed yesterday that their nyash will soon be opened in the public

PassingShot:
Who is this wailing wailer?

Obviously another paid agent to do everything to make Ngo and other GEJ's ministers go free without being held to account!

seconded broh
since it was made clear yesterday that their revelations will start coming out,they have started using their normal antics and propaganda inother to still be a wolf in a sheep clothing.


#sayNoToWailing

I HAVE watched carefully, with high expectation, but also with a tinge of regret, certain national developments since you were sworn-in as the democratically elected President of Nigeria on May 29, 2015. People have accused your government of lethargy. Critics have pointed to a streak of favouritism, if not nepotism, in the precious few appointments you have so far managed. Some, even of your own political party – the All Progressives Congress (APC) – have openly expressed doubts as to whether the change promised to dawn with the inception of your administration is in any way remotely resembled to what is so far self- evident. None of these is of immediate concern to me here. My interest, Mr. President, is more fundamental since it touches on the very soul of Nigerian democracy, which you solemnly promised to nurture and enhance. It was former US President Harry S. Truman who often admonished that, “If you can’t stand the heat,get out of the kitchen.” His context was political, an arena in which blackmail, disinformation, excoriation and scaremongering aggregate as the common fare of partisanship.In that regard, any politician worth the name takes the cue and delivers as much as he receives, if not much more. In my view, however, ournation’s fight against the cankerworm of corruption should, first and foremost, be a patriotic national service, not a schedule for partisan dogfights. Unfortunately, the indiscriminate and groundless invectives currently being spewed by your political apostles are in dissonance with the democratic ethos you promised Nigeria.They boil down to hysteria. And they are guaranteed to be counter- productive because they promote the fallacy that to be of service to one’s fatherland is mutually exclusive with malfeasance. Please permit me, Mr. President, to quote a famous mantra of yours: “If Nigeria does not kill corruption, corruption will kill Nigeria.” The fight against corruption is many-pronged. But it does not include the demonisation of the innocent. Unfortunately, some of your teammates have been on the rampage, leveling unwarranted and unsubstantiated charges against top functionaries of the administration you succeeded. For instance, Governor Adams Oshiomhole of Edo State has been vitriolic in his attacks against a Minister in the Jonathan administration whose offence, so far, appears to be her agreement to serve her country of birth. Does Oshiomhole not appreciate the possibility of the truly guilty escaping justice via the highway of distraction he is busily generating by his wild apportionment of guilt with neither concrete evidence nor rudimentary trial in a court of competent jurisdiction? I raise for your consideration,and reversal, the interminable pillorying of Dr. Ngozi Okonjo-Iweala, the immediate past
Coordinating Minister of the Economy and Minister of Finance by, not the wayward social media, but GovernorOshiomhole and a few others associated with him. Nearly thirty years ago, the inappropriateness of lumping guilt and innocence in a single category of censure and penalty was roundly denounced in circumstances that can only remain vivid in your memory, dear Mr. President. Thefollowing is apart of President Ibrahim Babangida’s inauguration speech of August 27, 1985, the day he toppled your military junta: “While this government recognises the bitterness created by the irresponsible excesses of the politicians, we consider it unfortunate
that methods of such nature as to cause more bitterness were applied to deal with past misdeeds. We must never allow
ourselves to lose our sense of natural justice. The innocent cannot suffer the crimes of the guilty.” How can we, in all sincerity, find ourselves again at the point of reminding Your Excellency that “We must never allow ourselves to lose our sense of natural justice”? Really, how can we, especially bearing in mind your solemn declaration at your inauguration on May 29, 2015, to wit: “Having just a few minutes ago sworn on the Holy Book, I intend to keep my oath and serve as President to all Nigerians. I belong to everybody and I belong to nobody.” I crave your indulgence to briefly examine a religious aspect of the dreadful thing that is going on because, it is not at all certain that GovernorOshiomholeand his coterie have looked at all sides of everything. I am not a Muslim. I am a Christian (Catholic). But Islam is a religion I hold in high esteem. I understand that the basic principle of Sharia is that one’s testimony must be based on knowledge, clarity and trust. The Noble Quran [43:86] says ”…But only those who testify to the truth [can benefit], and they know.” The Ninth Commandment of the Christian faith is a compelling injunction: “Thou shalt not bear false witness against your neighbour!” Governor Oshiomhole’s smear campaign against the government of former President Jonathan may be down to personal grudge against some functionaries of that administration. His tenancy of the Edo State Government House expires in a year. When he vacates office, would the Comrade-Governor rather prefer a kind of treatment whereby, instead of examining his legacy with a sense of duty and balance, a band of critics would rise and drown out every other sound with incessant and mordant attacks on his name and person? The way things are going, it seems safe to suppose
that the profession of faith is rampant among politicians who, nonetheless, consider the upholding of their religious tenets as the tiniest of concerns. The penchant to heap every imaginable sin in the world on Dr. Okonjo-Iweala does not wash. Many Nigerians see this as unwarranted persecution. In so far as definitions go, Coordinating Minister does not mean Supervisory Minister. Ministers in the Jonathan administration did not report to Dr. Okonjo-Iweala. Why, then, is she being asked to account for all the Ministries in the last dispensation when all others who held down ministerial portfolios are alive and available? Anti- corruption fights often fail because people distract themselves chasing shadows. Mr. President, you should please prevent yourself from falling into this trap. The focus should be on priorities. Thank you, Mr. President, and may your administration represent a spell of God’s abundant blessings on Nigeria. An educated and respectable lady, who claimed some presence around today’s corridors of power, averred that you recently said that yourpresidential tenure would be a loadstar and a legacy for the rest of African leaders to emulate. This moved me greatly, to the point that I offered an instant prayer for God to strengthen and direct your hand to the objective of meaningful and purposeful leadership. Now, Mr. President, you will not inhabit Aso Rock forever, even if you served multiple terms. The day will eventually come when you will become former President Muhammadu Buhari. How would it feel, if after you have done your bit and passed the baton, a rabble rises and scripts the lyrics of a scathing swansong for you that is antithetical to your presidential pedigree? We pray, Mr. President, that commentators will not, in the ultimate, have cause to pronounce anathema on your administration. I am one of those persuaded that you mean well for Nigeria. For this, I recall again that the central platform of your campaign for the presidency is the fight against corruption. Is this fight now being prosecuted by the virulent attacks on the personality and integrity of Ngozi Okonjo-Iweala, by Oshiomhole and company? Oshiomhole has, among many other indiscriminate charges, accused Dr. Okonjo-Iweala of spending $2.1 billion from the Excess Crude Account (ECA) without authorization! How can it be said that there was expenditure without authorization, when the evidence is there that authorization is undeniable? How are we sure that the attacks on this woman is not down to the fact that she published details of the Excess Crude monies paid to the Governors most of whom cannot now pay salaries of their civil servants, or show to what useful purpose they put the funds they readily collected? Isn’t it obvious that there are high costs to pay for shadow chasing – like when wild allegations are concentrated on the innocent, while an expressway is paved for the escape of those who may have some explaining to do? In your inaugural address, you paid tribute to President Jonathan for his statesmanship in “graciously accepting defeat” at the presidential ballot. With the most profound respect, I urge you to keep to that path of rectitude.I put it to you, Mr. President, that the fight against corruption, which you are leading, can do with one imperative, namely, the putting of an immediate end to unwarranted and unsubstantiated accusations that can only divert attention from the real culprits of corruption, if any? Mr. Chuks Iloegbunam, a commentator on national issues, wrote from Lagos.http://www.vanguardngr.com/2015/07/open-letter-to-president-buhari/

Regiblinkz:
CONCLUSION
If you can look beyond the fact that the sound seems a little poor and power and volume buttons are placed on the left side ,this smartphone is a really good buy with excellent screen,fingerprint reader,fantastic build and long lasting battery..AND ITS CHEAP

were did you buy it an how much?

jaytee01:
PDP lost not only because of the power shift issue, but also because of the extraordinary incompetence of the GEJ govt. Not forgetting the antics of Mama Peace!

you mean the professor of grammar?

PRYCE:
Our Expectations weren't born out of the blue! The Man Claimed He's the Messiah and his capable of pulling off Uncanny stunts. Infact not Lazarus, atleast his body was not all that rotten.... Let's say Prophet Mohammed!

thats why you need to give him a little breathing space

babyfaceafrica:
lolz.....abeg just minister of petroleum resources for 4 yrs I no want second term......my guy the truth they say is bitter!!..thanks for the recommendation

i will be with Mr.Presient by 10am tomor.....remind me again

Op you just come yesterday now video don come we don wait for Airforce1 own since 332AD . . More hairs to your bear-bear

babyfaceafrica:
That's obvious..for the nexy 8yrs power will stay in the north...after then maybe east or back to sw.....said maybe east because some people believed jonathan used up the eastern space....well I want a good Nigeria no matter who is at the helms of affairs

Nigga abeg one crate of orijin an pop corn for you
atlist you are different from those SaTANoid wailing wailers on NL......PMB will surely give you one ministerial slot.just tell me now if you are interested

vecman22:
Woju

the remix or the main version?

Freemanan:

are you hungry?