₦airaland Forum

At 1. 00a.m, I heard heavy sound and I stood up immediately. I listened carefully and the sound continued at intervals. At first, I thought it was another Ikeja bomb blast. So, I went to hide under my bed but the sound continued. Later, I realised that the sound was coming from the location of the bank.”

haha, smart move, i hear beds are now appropriate bomb shelters

680 gini?

ikay88:
violent, so far the bombs in Nigeria have rarely, if ever, been placed for maximum human damage. If those responsible picked up on it, crowded markets, airports, bus stations, etc would be easy targets with the current security apparatus.

By this, you are inferring that those responsible for previous the bomb blasts in Nigeria were not smart enough to position such blast for maximum damage, and this Moscow event will open the floodgate?. . . .like seriously?

You seriously think someone who planned and executed a successful twin blast at the Eagles Square must not have thought about detonating one at the airport?. . . perhaps those responsible for Nigerian bombings were not interested in maximum damage and were only looking to make political statements. . .No?

I fail to see how a bombing event in Moscow has a direct correlation with the ones in Nigeria, terrorism as well as Islamic extremism is a global thing, and what happened in Moscow wouldn't necessarily single out Nigeria for future attacks.

why is an unfortunate bombing event in Russia bad for Nigeria?

^^^^

you need to read this

https://www.nairaland.com/nigeria/topic-477125.128.html

Bump! 

how can we let this thread go down the pipes?

same question was asked here

https://www.nairaland.com/nigeria/topic-369761.32.html

if i were the Poster, i probably will be making talking drums with JB's skin

Please don’t get me wrong, is not that am criticizing Soludo’s regime, or the new led CBN by Sanusi, what am just saying is that they should just tell us the truth and let people brace up for it, let the workers of the affected bank begin to save money, or begin to look for another alternative, than lie to their faces and get caught unprepared. I totally support the new banking reform being carried on by Sanusi, even though there where casualties, its for the benefit of all, in order to have a strong banking financial  institutions that will drive the economy.[/quote

Tell you the truth? does this person know of what is called Bank run?

Overall, i think this is not necessarily a bad news, the weak bank's should be sold off to restore trust and confidence in the economy

Jakumo is an alter ego of Becomrich.

The National call will override the interest of private establishment as far as place of primary assignment is concerned. Youth Corps are actually government workers, and in all reality, they owe private firms very little obligation.

The fact that you pay them for the services they render does not suffice in this case, the government pays them as well

I am not here to debate on whether or not Ouattara really won the election.  That has been handled on various threads and continues to be a subject of controversy.  My rant thus far has been focused at your earlier argument that "Ouattara could not have gathered up to 500,000 votes in the North", a statement I believe is thoroughly flawed.

We are talking of 500,000 phantom votes in the derelict and abandoned city of Bouake Urban or Northern Ivory Coast which is a shadow of its former self.

The fact that Bouake had gone through civil uproars does not necessarily translate to it being derelict and abandoned. 

Using Jos crises and that of Niger Delta as logical examples, it is observable to say that crises in both cities has not forced local dwellers to abandon their homes, businesses, cultural and family ties for elsewhere.  Going by your statement, one would expect Jos to be abandoned and derelict which is contrary to what is observable. The  Baoulé people have strong attachments to their cultural home towns and civil conflicts is almost never strong enough to convince people to leave their lives behind for somewhere else, most will rather stay and fight till the end.

Once again, I am not here to debate Ouattra's eligibility for the position or who the legitimate president of Ivory Coast should be.

Your argument was based on the premise that Ouattara is unable to raise 500,000 votes in the north based on the fact that  Bouake, the largest city in the North has a population of 775,500 as at 2002.

My first and immediate response to your argument was that 

Bouake is the second largest city in the North, not the ONLY city in the north, for a man who is said to be largely popular in the muslim North, why should it even be a problem to gather 500,000 votes? 
[size=14pt]Additionally, Bouake's population of 775,500 is only representative of the Urban Area population of the entire Vallée du Bandama region, it's more like quoting London's population as a representative of the entire UK.[/size]

You have simply and conveniently ignored this and have instead chosen to pick holes in the subsequent paragraph!. . .why not respond to this and defend your initial argument accordingly.
The fact that you've based your argument on an urban population shows your point to be not only redundant, simplistic, and delirious but a classical sham

furthermore and for your information, Vallee du Bandama is NOT the only region in the North and Ouattarra in all probability did not raise his entire Northern votes from Boauke, you could have at least done some google work before putting together such an embarrassing argument

Vallée du Bandama[b] is one of the 19 regions of Côte d'Ivoire[/b]. The region's capital is Bouaké. Covering 28,530 km², its population (2002 est.) is 1,335,500.
The region is divided into five departments: Béoumi, Bouaké, Dabakala, Katiola, Sakassou

http://en.wikipedia.org/wiki/Vall%C3%A9e_du_Bandama

Plus, yes, I think you had a point when you said everyone is intelligent.

Saying everyone is intelligent is just like saying everyone is tall. There has to be some kind of benchmark to measure the in depth of intelligence.

^^^

Bouake is the second largest city in the North, not the ONLY city in the north, for a man who is said to be largely popular in the muslim North, why should it even be a problem to gather 500,000 votes? 

Additionally, Bouake's population of 775,500 is only representative of the Urban Area population of the entire Vallée du Bandama region, it's more like quoting London's population as a representative of the entire UK.

Besides all that,  Abidjan which sustains the largest part of Ivory Coast's population consist of a larger Abidjan North and Abidjan South.
The Largest communities in Abidjan North are pro Outtara Supporters, cities like Abobo and Adjamé.  Other cities such as Attécoubé, Cocody and Plateau are supporters of Henri Bedie who later merged his party with Ouattara. In effect, it is suffice to say the majority within Abidjan North pledge their support for Ouattara.  If abijan's population stands at over 3 million, are you still looking for how Ouattarra could have pulled off 500,000 votes?

Send it to the media house

So why then is the country paying a bigger spread for the issue?

The ECA is different from the actual foreign reserves, and the latter should be a more accurate measure of a country's liquidity.

wesley80:
^^^ Either u're still getting this wrong or I need to dust up some of my old notes, I'm thinking the former.
Would interests be paid in Euros and the principal in Naira terms? That wld be some cheap scam if thats what u're saying Aganga has done. U really think investors r that daft?

My bad, I am the one who need to dust the notes.  i mixed everything up pretty badly

The interest payments are made in Euro, but the the principal repaid at maturity will have less purchasing power in case of inflation on the naira.

If this is priced in terms of a zero coupon bond where all payments are made at maturity, inevitable inflation in the short term poses real risk for investors.

I would see plausible reasons why this news might not be entirely accurate.

The Euronaira issue, even though enjoys the fact that the country maintains a competitive risk ratings will likely be viewed by analyst as a possible time bomb and thus returns offered might be effectively regarded as unsustainable.

Technically Soverign bonds are free of credit default owing to a country's ability to print out naira notes to sustain itself if need be, The bond also looks ridiculously cheap  in comparison to Ghana's sovereign issue, however, there are numerous political and economic risks surrounding this issue that will effectively determine how attractive it will compare to its peers.

One of those risks will be the inflation rate going forward.  Given that Nigeria has effectively depleted its excess crude reserves, and the government is ready to pump in more cash into the circulation judging by the AMCON bills alongside ongoing electoral process, it can only be reasonable to say that that Naira will effectively lose value over the years.  If the Naira loses value, payments received from the bond sale will make absolutely no sense. . . .why should a rational investor risk such?

Additionally, i would also infer that the country's dependence on oil and it's inability to diversify its cash flow sources does not bode too well. . .if macroeconomic events forces a global decline in oil prices, how sure are investors of the ability of the country to sustain its payments without resorting to printing spree?

Dede1:
I think if there is drooling  on this discuss you are certainly the one. Election in Ivory Coast is announced by electoral Commission but Constitutional Council has final say on the result.

I guess the fool in you should posit why the Electoral Commission announced the second round election result at Hotel Du Golf which was election headquarter of Outtarra without Ivorian news media.

Only a fool that will conjure that since Henry Bedie did not qualify to contest the second election his entire supporter’s votes were surreptitiously moved to Oattarra. Nobody with any iota of formal education will surmise such nonsensical deduction.

Me drooling? I presented you with facts you dunderhead, if anything, you should be grateful that i have educated you as best as i can educate a móron.

The strenghts in your argument has suddenly shifted from the usual flawed dumb rantings below

I am of the view you are not referring to the same Constitutional Council that declared that Gbagbo, even though he garnered the highest percentage of the vote during first round, should contest the second round runoff with Outtarra. If I may follow your illogicality, Constitutional Council members who are close buddy of Gbagbo failed to award the election to Gbagbo when Outtarra was struggling to finish in a second place. Why should Constitutional Council wait till the second round balloting to ward the election to Gbagbo?

Of a sudden, your ill informed self has chosen to tow the same part as others by resting on the place of announcement as the basis for the Ivory Coast Crises.

Why are you not questioning the CC's right to cancel as much as half a million votes belonging to the opposition?. . . .your blind batted self has instead only chosen to ask why the results were announced at the hotel. . . shior!

I wouldn't spend an extra effort trying to explain things to you, you'd never understand the simplest things, i wouldn't wonder why, you most probably have an IQ with the same figure as your age.

Dede1:
This argument is getting pathetic and losing directional intelligence. I am of the view you are not referring to the same Constitutional Council that declared that Gbagbo, even though he garnered the highest percentage of the vote during first round, should contest the second round runoff with Outtarra. If I may follow your illogicality, Constitutional Council members who are close buddy of Gbagbo failed to award the election to Gbagbo when Outtarra was struggling to finish in a second place. Why should Constitutional Council wait till the second round balloting to ward the election to Gbagbo?

I am disappointed that most of the so-called educated Africans would readily accept junks from Europeans and Americans but trash the developing process in Africa. There is no perfect process in the world therefore EU and UN must accept the election result release by the electioneering constituted body such as Ivory Coast’s Constitution Coincil.

I am glad you made this particular post, it demonstrates without much further ado that you have absolutely no idea or knowledge about Ivory Cost Election, yet, surprisingly, you decided to make an ídiot of yourself by engaging in such arguments.


The Ivory Coast Constitution provides allowance to a mandatory minimum of two elections.  The normal process in this case is to conduct a first election which screens all interested parties to a maximum of two candidates, the two candidates are then expected to proceed further to a second round elections.

In the first round, Gbagbo won by 38.04% and Ouattara followed closely with 32.07%, the third place went to Henry Bedie with 25.24% of the overall votes.
Contrary to your claims, these results were announced by the Electoral Commission, and not the Constitutional Council, and at this time, the Commission's verdict was accepted as correct by all parties.

On the second round which by constitution requires two parties, Henry Bedie and his supporters threw their weights behind Ouattara, and Ouattara allegedly had 54.1% of the votes while Gbagbo had 45.9% of the overall votes,  . . it was at this point that the constitutional council decided to cancel over half a million of the total Ouattara's votes just enough for Gbagbo to come out with a 51.45%

Talk about shifiting the goal post, and you dunderheads think AU, USA, EU, France, and the rest of the world is to be blamed. . . shior!

You my friend should really read up and gather facts, half education they say is worse than total ignorance

A note coiled from Ribadu's facebook page!

In as much as I would like to address many of the issues raised on this page by fans, time does not permit. But I want to take this opportunity to answer a couple of concerns. In response to Ajagbe PadedPeter Adeleke, let me say that seeking the presidency of this country is not about sainthood. I will be the first to admit that I am not a saint. But you don’t need saints to propel a nation to greatness. All that is required is the zeal and integrity to lead and to do the right thing. I worked in the Nigeria Police for 18 years. I worked at the EFCC for about 5 years, and nobody can come out today and say, I took a kobo from him or her to pervert justice or that I collected money before or after prosecuting a case.

On the issue of being used by the former president, my response to Emmanuel  Sunday is simply what I have always said: when you fight corruption, corruption fights back. There has not been a case where any of those the EFCC  prosecuted while I was in office has come to say they were innocent of the charges against them. Since they saw themselves as untouchables, their response was always that they were prosecuted because they were opposed to the former president. When we went after 419 kingpins, it was the same response we got from some of them who said we were doing the bidding of foreign governments and individuals who were at the receiving end of the activities 419 fraudsters.

For those who raised issues of programme, please visit my website, www.ribadu2011.com. I look forward to receiving you responses.