₦airaland Forum

judegive34:
See below

HarryTellMe:
$350 ETH available at 380

�: $200 Paxful btc available at 370

hahn:
When will churches start paying taxes?

joborskill:
[b]I laugh at the ignorance displayed by many emotionally clouded Nigerians who are against the grazing bill proposed for the Fulani cattle rearers in all states of the Federation. Let's remember that like every other Nigerians, the Fulani's have the right to live and do their business in any part of the country. It is their constitutional right as Nigerians to own grazing fields in any choice location of the country so far it is paid for or provided by the government. We ought to applaud the move made by the federal govt because it will help in ending the unnecessary violence between the Farmers and the Herdsmen. By provision of grazing fields, the fulani's will be restricted to graze on an apportioned land provided by the federal govt. It will be a crime for them to graze their cattles on people's farms once the bill is passed into law. We should not castigate every fulani herdmen as killers because of the few bad ones among them. The incidence in Agatu and other parts of the country were perpetuated by cattle rustlers and not Fulani herdsmen. Cattle rustlers are armed terrorist who steal cattles from herdsmen and graze them around the country as a cover up for their terrorist acts. The ordinary Fulani herdsmen are peaceful people and will never harm innocent Nigerians. The fulani's do not move around with weapons but sticks to guide their cattle. I observed most critics of this Bill are from the eastern part of the country. The igbos need to realize that the federal govt owns all the land and territories in Nigeria and it can decide on how it chooses to use every inch of its territory. The fulani's have every right to graze in the SE and there is nothing any one can do about it. It is their right as a Nigerian just like the igbos are the most travelled tribe doing business in every part of the country. We cannot decide to restrict all igbo traders to the east because of the attitude of few bad eggs amongst them likewise the Fulani's. Most Nigerians criticized the federal govt when they decide to create ranches and import grasses from Brazil to graze these cattles so the herder wont roam about. Now the FG is shifting plans to create a grazing site for the herders in every state which is not a bad move by all standards. We are one Nigeria and we must learn to tolerate ourselves and live in peace. We must shun the politics of hatred and tribalism. Lord Luggard saw the potentials in our diversity before merging us up to form this great country. We must not allow ethnicity to cloud our sense of judgement when the federal govt proposes law that will favour every Nigerian. We must support the grazing bill so the Fulani's can do their business in peace. BTW i am a Yoruba man from the SW. proudly Nigerian [/b]

simpleseyi:
Fayose should just pray that the EFCC does not trace any money transfer from ONSA account into his (Fayose) account. If that ever happens, then I am very sorry, EFCC will pick him (Fayose) up with or without immunity. I am sure that we all know that Buhari does not respect any frivolous court order or any crazy constitutional provision guarding thieving politicians. You will all shout and wail, but Fayose will be picked up once EFCC traces any money transfer from ONSA acount to Fayose's account. So, all wailers, start warming up.

logica:
This should be in a book titled "How to lose a War". It is apparent that generally speaking, Igbos don't seem to know how to form alliances.

naija2dabone:
HARD TRUTH 2: THIS IS HOW FAR WE HAVE COME, HENCE DON'T ALLOW YOUR QUEST FOR POWER BRING DOWN THE HOUSE YOU WILL LIVE IN TOMORROW.

Olutoyosi Omotoso Wrote.....

Few years back, In the heat of our politicking, some opposition politicians in APC (one of them is a Governor now) were sending false information to the international community about the Nigerian army.

They sent videos of Boko Haram members wearing army uniforms and beheading innocent civilians and the they claimed they were members of the Nigeria armed forces killing innocent civilians. They sent some to amnesty international, thinking they were fighting Jonathan.

Some youths in Yobe beheaded an innocent operative of DSS while those of Bornu were wearing t-shirts with inscriptions like "I love Boko haram". They refused to support the military, they were supporting their brothers. The northern elites weren't left out as they openly and covertly gave support to boko haram thinking it will further their desire to take back the presidency.

Jonathan was confused but tried to be calm.

The Bornu elders brought all sort of charges against the military and Ihejirika while they were shielding boko haram and in fact a leading northern leader once said killing boko haram fighters was injustice to the North.

Petitions fell upon petitions at Amnesty international from the Northern elements. To them, they were doing politics. Jonathan must go and it doesn't matter how we do it, power must just return to the North.

Our military was accused of human rights abuses by Amnesty International while boko haram continues to unleash terror. The military lost credibility and some of our army chiefs were threatened with prosecutions of war crime while no one asks Shekau why he is killing.

United States and her allies were compelled by a particular Leahy law not to sell sophisticated weapons to militaries with human rights abuse tags like the current Nigerian army.
All efforts by the Jonathan administration to lobby US and UK governments to sell weapons to Nigerian military fell on deaf ears while boko haram continued its killing spree in the face of our poorly armed military.

And Jonathan looked eastwards after the south African mess (also courtesy opposition politicians) and found help in China, Parkistan and Russia. But time was against him. The elections are close, the deed is done. The clueless, weak and corrupt tag stuck on him. He was labelled a failure for not being able to protect his citizens. That's politics.

He got the weapons, shifted elections by six weeks amidst all sort of mischievous allegations and the military found its rhythm and in six weeks, boko haram fell and it's armies were chased tail in legs out of sambisa forest.

And he lost the elections despite that.

Now, those who destroyed the Nigerian military in the name of politics have taken over the government. Boko haram is back in full force and those who promised to lead from the front are no where to be found.

Boko haram have been able to regroup and now controls five local governments again and our press who were very active in spreading boko haram gospel back then are suddenly quiet. It was all about Jonathan before now.

The citizens now watch helplessly as the killings continue and those who have the courage to ask questions are labelled as unpatriotic by the idol worshippers who worship men like gods.
The APC led government delegation was in America but to the surprise of some, America bluntly refused to go into arms deal with Nigeria. Those who blackmailed the Nigerian army and accused them of human rights abuses are now the ones begging US to sell arms to them.

And like I wrote yesterday that "Those who intend to live in glass houses should not throw stones while they are still living in mud houses because karma is a bitch, she respects no one"!

~ Adb Festus (1872)

sureteeboy: You just asked who Bill Gates is? He is someone who can feed the whole of nigeria

hardbody: I have tons of these brain wrackers in a compendium of Logic texts, although it is in soft copy. Any interested NLander can send an email and I will send a copy to them. Although I must confess I never read beyond the first few pages. Fortunately I am gainfully employed and so would not b needing those question and answer sessions. Before I forget, Accenture embarrassed me with one of those questions way back in time, I felt very stupid when I got home and realized I goofed.

karl max: Banks Stopped From Lending To Otedola, Dantata, 417 Others

Obinna Chima
In a move aimed at strengthening financial stability and instilling discipline in the banking sector, the Central Bank of Nigeria (CBN) has barred banks in the country from extending further credit to 113 companies and 419 directors/shareholders, including those belonging to Mr. Femi Otedola, Alhaji Sayyu Dantata, Sir Johnson Arumemi-Ikhide, former Power Minister, Prof. Bart Nnaji, Mrs Elizabeth Ebi and Dr. Wale Babalakin.

The CBN arrived at this decision as a result of the reluctance by the debtors to pay back their loans despite the purchase of the debts at an agreed price by the Asset Management Corporation of Nigeria (AMCON).

In a new circular dated September 17, and obtained exclusively by THISDAY, the central bank stated that the restriction would apply to individuals, organisations, companies as well as principal shareholders and directors of companies where the outstanding value of loans purchased by AMCON amounted to N5 billion or above as at the day of purchase, without regard to the actual amount paid by AMCON.

The circular, which was signed by CBN’s Director, Banking Supervision, Mrs. A. O. Martins, stated that “it has become necessary to stop debtors who failed to repay their loans to banks and had these loans subsequently transferred to AMCON, from further enjoying credit facilities from Deposit Money Banks (DMBs) until they fully repay agreed outstandings to AMCON.”

The circular, which was accompanied by a detailed list of the blacklisted debtors, showed that worst hit by the directive are Zenon Petroleum, owned by Otedola, which was indebted to banks to the tune of N192.4 billion; MRS Holdings Limited, which belongs to Dantata – N119.98 billion; Seawolf Limited – N98.32 billion; Arik Air Limited, belonging to Arumemi-Ikhide – N85.481 billion; NITEL Plc/M-Tel – N71.547 billion; and Capital Oil and Gas Limited, which belongs to Ifeanyi Ubah – N48.014 billion.

Others include Falcon Securities, whose Managing Director, Mr. Peter Ololo, was arraigned alongside several bank executives in 2009 by the Economic and Financial Crimes Commission (EFCC) – N162.9 billion; Rockson Engineering Limited, owned by Arumemi-Ikhide – N60.475 billion; BGL Securities – N6.44 billion; Rahamaniyya Oil & Gas Limited – N46.38 billion; Bi-Courtney Limited – N20.214 billion; and Geometrics Engineering, owned by Nnaji – N19.76 billion.

The restriction also applies to: Aero Contractors Company, owned by the family of Olorogun Michael Ibru - N32.579 billion; Tinapa Business Resort – N18.509 billion; Nestoil Limited, belonging to oil and gas entrepreneur, Ernest Azudialu – N13.506 billion; Dorman Long Engineering – N9.667 billion; Ascott Offshore Nig. Ltd, belonging to former banker, Henry Imasekha and the Berkley Group – N64.728 billion; Gitto Constuzioni – N11.838 billion; and Dansa Foods – N14.880 billion, whose directors, Sani and Abdul Dangote, are the brothers of business mogul, Alhaji Aliko Dangote.

Commercial banks were also directed not to grant further credit to Cross River and Zamfara States because of the failure of the Tinapa Business Resort and Accountant General, Ministry of Finance, Zamfara to pay back loans collected respectively.
The restriction, according to the central bank, came into effect from the date of the circular and shall remain “until full liquidation of agreed indebtedness to AMCON”.

For Zenon Petroleum whose initial debt of N192.423 billion was priced by AMCON at N140.999 billion, the memo showed that “negotiations are ongoing and with fairly clear roadmap”. It also revealed that MRS Holdings’ debt of N119.986 billion, acquired by AMCON at a price of N91.620 billion has been “restructured and is performing”.

Similarly, while the remark on Seawolf’s debt of N98.328 billion that AMCON priced at N88.496 billion was put at “negotiations ongoing,” it showed also that Arik Air’s debt of N85.481 billion which was acquired by AMCON at N62.970 billion has been “restored but there is a moratorium”.

It also showed that while Capital Oil and Gas’ N48.014 billion has been “restructured and awaiting performance,” Rockson’s debt of N60.475 billion, which was acquired by AMCON at N36.331 billion, is still “pending”.

To ensure compliance, the CBN warned that any bank that flouts the guidelines would be made to make an immediate provision of 100 per cent of total principal and interest outstanding in the account of the customer and related parties, in addition to whatever regulatory penalties the CBN may decide to impose.


http://www.thisdaylive.com/articles/banks-stopped-from-lending-to-otedola-dantata-417-others/125575/