₦airaland Forum

Foolish man,i bet you think high of the fraudulent adeboye because of your stupidity.Look at the faces in the pictures and see who is assuring who,though you are blind but try a magnifier.Ibori is assuring the sycophant adeboye that all is well,that he make a million fold offering from the money adeboye knows quite well is stolen

chosen04:
Am beginning to see matured reasoning in your debate now. Its commendable.

Get a patent from where? Wont Referral be needed from his govt?
Writing to WHO,UN etc takes time and its capital intensive too-----hiring lawyers and other consultants.

===But am sure he is working on it. I followed that dude closely. He doesnot seem ''CONISH'' or fraudulent to me===except my eagle eyes fails me this time, but am sure it doesnt fail

Kobojunkie:
The High Commissioners direct email address is [size=13pt]Hc@Nigeria.hc.org.uk [/size]
The High Commissioners phone number is [size=13pt]44-20-7839-2037 [/size]



I just spoke, a couple of minutes ago, with one of the staff who happens to disagree with the High commissioner's stance and urges we get emails in to urge him to sit down and actually watch the video again, making sure to set aside his BIAS for the international media and his insecurities. I hope many people will stand up for the Joseph's, the Eric's, and the majority of Nigerians living in poverty today who are out there. There story needs to be told and their Nigeria is the same Nigeria with billions in oil revenue.

Get your voice heard!

Andy1985ng:
Let's face it, these crisis will keep happening there. The only way will be for Nigerians to stop calling themselves, "hausa" or "yoruba" or "igbo" or "fulani" but "Nigerian"
if impossible, we might as well break up as a country now!

chosen04:
Abalaka's last words b/4 he decided to take it easy are "If they cant listern to me 2day, let them learn in a hard way 2morrow''. Are we not learning the hard way 2day as it concerns Aids and ppl living with it?

We would have all be kissing his backside if Abalaka was white and trained in ''one big school outside the country''

Mind you even those who opposed him at that time, were only afraid of one thing----Cos he was using ''HIV VACCINE'' in his experiments.

Believe me, the cure to HIV lies in VACCINE not drugs as the world has being trying to achieve.

If ours is not a country that discourages innoventions, the VACCINES Abalaka worked on should be improved on, rather than looking for drug cures for Hiv/Aids.

The environments those you mention worked were totally different. Do i have to debate on the environmental diiferences? Am sure you know them!

If these banks are this bad, why is the CBN trying to sell them, why have they lined up a bevy of willing buyers for banks that are supposedly dead? Shareholders will not allow the CBN to take over what the CBN did not set up. The CBN’s role is to regulate banks, not to manage banks and definitely not to sell banks it does not own.

mikeansy:
Violent

Your IMF Backing was on 16 September 2009. We are in April 2010 and Nigerians are directly feeling the pinch of Sanusi's anti-growth policies and you are still quoting IMF assessment last year?

[size=18pt]IMF Backs Sanusi’s Banking Reforms[/size]
By Ayodele Aminu, 09.16.2009

The International Monetary Fund (IMF) has endorsed the ongoing banking reforms by the Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi, which necessitated the removal of the Chief Executive Officers of five banks last month.

The endorsement came yesterday in Abuja from the fund’s country Chief and Represen-tative in Nigeria, David Nellor.

THISDAY learnt that the endorsement was a fallout of the meetings the IMF delegation from Washington D.C, United States of America,  held with top officials of the CBN, which threw more light on the banking reforms.

CBN had on August 14 sacked the managements of five banks – Afribank, FinBank, Intercontinental Bank, Oceanic Bank and Union Bank – over the huge non-performing loans of their banks and other alleged financial abuses.

The apex bank injected N420 billion into them, saying lax governance had left the five banks dangerously undercapitalised.

Thereafter, it appointed new helmsmen (John Aboh (Oceanic Bank), Lai Alabi (Intercontinental Bank), Susanne Iroche (FinBank), Nebolisa Arah (Afribank) and Funke Osibodu (Union Bank) into these institutions to stabilise and make them attractive for core investors.

Nellor, in a statement made available to THISDAY in Lagos, said he "endorses the CBN’s intervention in some banks as essential to building a sound financial sector that can promote long term growth and development consistent with the goals being set for the Vision 2020.”

He added: “A core principle of an effective banking system is public trust - trust that deposits will be safe, trust that banks allocate financial resources to productive activities, and trust that banks will manage risk. Underlying this trust is a public expectation that sound governance practices are employed in the banking system. These fundamental tenets enable the banking system to promote sound economic growth and development. To that end, the central bank as regulator has the responsibility to ensure that the principles of banking enshrined in legislation and the CBN’s mandate are preserved.”

Like many countries during the crisis, the CBN, according to the IMF representative, followed a systematic process of examining the banks.

“Special examinations of bank balance sheets by the CBN and NDIC were launched. The purpose of the examinations was to verify asset quality and examine related party transactions. This process is and should continue to be conducted for all banks in the system.

“Based on the findings of these initial examinations, the CBN appropriately required additional provisioning in all banks and in others it was essential for it to intervene by replacing management and injecting funds into the bank balance sheets. In the latter cases, various combinations of severe loan delinquency, undercapitalisation, systematic liquidity shortfalls, and serious governance problems justify such action based on the mandate given the central bank,” Nellor said.

Consequently, he said, the fund is in support of the CBN’s public commitment to protect depositors and creditors.

Nellor said the immediate goals were to stabilise the banks, seek full recapitalisation through loan recovery and new investors, and strengthen the corporate governance and credit practices in the banks.

“Over time these actions should enable the central bank to remove itself from both the management and balance sheets of the banks in a manner consistent with financial stability,” he said.

mistakay:
Please poster modify the subject to Jonathan Bans Singing of National Anthem.
The traitor that he is he just cant stands it

Onlytruth:
Well I don't enjoy your level of confidence in Nigeria to feel like you. Selective justice (read injustice) has been my lot since I lost a war in 1970. Just as a previous victim of snake bite flees at the sight of a lizard's head, I hurt disproportionately when selective justice is applied to me.
I don't care if Nigeria becomes a jungle of death. Just don't use me to start fixing it. Use EVERYBODY simultaneously.
Don't pick on weak targets because that target can strengthen up tomorrow.

4 Play:
The contraction in credit to the private sector is as a result of banks rebuilding their balance sheet which was severely damaged during the faux boom of the Soludo era. Because the contraction followed Sanusi's actions, people automatically assume that he is responsible for it. I guess it's the kind of reasoning that led people to associate sunshine with malaria.

I hope you don't expect me to follow your logic here comparing a fraud like Salisu Buhari and a man like Ogbulafor who is more qualified than all the people that have ruled Nigeria till date.
If you are fair minded, you would ask why the investigation over a comparatively paltry N104 million must happen now, while all those who stolen billions of dollars are walking around and even planning to contest elections next year.
What I hate in Nigeria is this unfair treatment and double standards that is reserved for the politically weak in Nigeria.
Jonathan should be careful.

I don't support crime. However if all the thieves who wrecked Nigeria are walking around free, and Ogbulafor was walking around free until he restated the party's zoning position, how did he suddenly become indictable? What changed?  
People openly speculated that Jonathan may start shopping for those who would bend the rules and allow his contest next year. Why didn't Jonathan wait till the conventions to sponsor his favorite candidate? Why must he humiliate Ogbulafor out of office?  
Like I said, this is witch hunt and leaves a bad taste.

duabba:
It was the 'mericans that came up with the refrain ", innocent until proven guilty". In my opinion I think we should go the Russian way ", guilty until proven innocent", with respect to corruption issues. Then it will be easier to gather them all and do a collective backside-whooping.