₦airaland Forum

mach7:
But anyone that supports Obi does so out of altruistic reasons right?

To say you have no sense, is an understatement.

Get this into your medulla, Nigeria is a democracy and there is freedom of Choice.

Yes. Many people are supporting Obi for altruistic reasons.
Obi does not have naira or dollars to throw around.

Obi does not have political acolytes sponsoring his campaign and following him up and down.

Obi is still relatively young and mentally fit compared to your principal.

And last of all, Nigeria political space should not be dominated by Yoruba - Fulani. There are other ethnic groups in Nigeria.

Do you even know the real meaning of democracy?

Rollins777:
Trusting the northern to vote for a Southern man while their northern is in the same race is impossible.They prefer their own.

Quit tribal politics. Many northerners had voted for Jonathan and Obasanjo in the past.

mach7:
Political season.

Funny that he waited until January 1st to write his letter. Perhaps he was complying with transfer window.

Fingers crossed for the "credible" candidate he intends to support.

Once again, political season.

Enjoy.

Some Nigerians still have a functional conscience. That can put national interest above personal, tribal and religious interests. Any one that supports Tinubu does so due to personal selfish interests. Tinubu is not physically or mentally fit to govern Nigeria or anything else.

aikyg:
How can I get an uncle like yours? Just let your mom be. She probably misses waking up next to man that she loves. I fyou love your mom, just leave the house for her so she can have a little fun. Do it for her.

Why not ask why she is marrying a homeless destitute.

Ladymillion:
sorry dear, is your Dad late? Don't cut her off completely ,keep a tab on her just in case love dey shack am

What do you mean don't cut her off completely. You Nigerians know how to give stupid advice. A woman that sends her only son out of his father's house, into the streets without care how he will survive just because of her selfish sexual desires, and you say don't cut her off completely. Well she has already cut him off completely in the first place. The worst is she is blackmailing the son by threatening to kill hetself because she knows she has no legal or moral standing to send the son out of his father's house.

Even if the OP moves out, he should get a lawyer involved to make sure that the house is not sold without his consent or that the new husband should not start claiming the house should anything happen to his mother.

DMerciful:
What about us Igbos in Delta? We cannot be cutoff from the larger Igbo nationality

Igbo in Delta had never, and I repeat NEVER been part of the larger Igbo nationality politically.

In 1939 when the British divided the southern protectorate into Western and Eastern provinces, Asaba was put into the Western province. Also when the provinces were converted to regions in 1954 in preparation for independence, Asaba remained with western Nigeria. After the referendum of 1963, Asaba choose to go with Mid-Western Nigera instead of joining the Igbos in Eastern Nigeria. Separating the Aniomaa from their Western Nigeria/Mid-Western Nigeria/ Delta political brothers will be complicated.

attackgat:
I recently watched an old video where the great Awolowo said that he foresaw Nigeria getting independence from Britain on June 1st 1960. It eventually turned out that he was off target by four months.

He could make a prediction because he was part of the team negotiating for Nigeria's independence and was the recognised leader of the Yorubas.
There are no negotiations on biafra and there is no recognised igbo leader showing support for biafra.

With worsening insecurity, rising inflation, stalled economy and political instability, it is safe to say that the centre will not always hold, and Nigeria may well be heading for disintegration

insecurity, rising inflation and stalled economy does not lead to disintegration. If it does 90% of countries of the world would be disintegrating. Political instability is one thing that can lead to disintegration and I don't see political disingration in Nigeria yet. The politicians (and the military)are united in keeping Nigeria one. Maybe the fall out of the 2023 elections can cause political rift within the political class that can lead to disintegration.

Igbos are one tribe that have consistently shown they want independence from Nigeria. They have agitated for it, they have fought a war for it and they have consistently spoken about it. They even designate 30th of May every year as "Biafran Day"

False. Igbos were the one that wanted and fought for Nigeria's unity. Igbos head of state was the one that abolished the confederate system and decreed a unitary system in January 1966. Its was because of the pogrom in 1966, a direct result of the January 1966 coup that made igbos to decide to leave Nigeria. After they lost the war, they accepted one Nigeria once more.

Like Awolowo once did many years ago, I forsee Igbos legally gaining independence from Nigeria on 30th May 2025. I may be off by months

Except something drastic happens in 2023 and the political and military classes completely disintegrates, I don't see the country splitting.

co787:
It went well the idiot is in prison I separated from my wife and I have the custody of my daughter the result was satisfactory

I am happy to hear you and your daughter are doing fine. I loved how you handled the situation. You daughter would be proud of how you love and protected her when she was a vulnerable toddler. You will definitely find a better woman who would put you and your children above her extended family.

Peace.

Sleekfingers:
Contributing Senator Adamu Aliero (PDP-Kebbi) said that it was true that in rural areas, people were not even aware that there was going to be currency change....

See wetin a senator dey talk......nobody in Nigeria can tell me that he/she is not aware.....yeye

Rural areas ke? Even most people in cities including Lagos are not aware of currency change. You think everyone is on Internet and social media? Emefiele and the banks have not fine any awareness campaign outside social media.

unclejb2:
the old notes are still valid until January 31, 2023. So why won't ATM dispense them

Since its valid until Jan 31, 2023, ATM should dispense the old notes until midnight on Jan 31 2023. By February 1 2023, all the cash in our hands and wallets will magically change to the new notes.

The old notes will require a minimum of 3 months to be replaced by the new ones, started from the day the banks stop circulating the old notes.

Peterosky:
.There's an opportunity for policy review which the CBN already informed and promised Nigerians that should the negative impact of this policy be higher than the positive impact, the policy will be reviewed. For crying out loud,let's for once support Government's policy.We will not die if we take a break from this unnecessary complaints and support this policy for the betterment of our dear Country. For your information, I have never seen anything good about this administration except this policy. Maybe because I never supported this administration right from the onset.This policy is good so relax and enjoy it except you are a politician who has stolen so much from us, a kidnapper or a bandit otherwise you have no reason to worry about this policy.

If you are talking specifically about the change of currency, I support it in principle. It is the way Emefiele is implementing I am quarrelling with. How can you change a country's currency without the imput of all critical stakeholders. How can the country's lawmakers, finance ministry and others in the banking sector be completely unawares on it? The lawmakers are supposed to be the representatives of the people,they are the one that's supposed to budget for it. Changing currency is no small matter, the design, printing, distribution and withdrawal of the old currency requires logistic planning.

Let's just wait and see the chaos unfolding within the Nigerian currency in the next few months.

Peterosky:
I thank God that Nigerians are beginning to be wise.These thieves and their CSOS are only wasting their time. Emefiele is very perfect on this monetary policy and he goes no where. This is the best time to be called a Nigerian.

Perfect on monetary policy? Which monetary policy had Emefiele implemented in the 8 years in charge of Central Bank of Nigeria?
Is it the dollar he met at less than N200 he met in 2014 and is now over N700?
Is the absolute lack of regulation on the banks that steal depositors money without restrictions?
Is it the corrupt and opaque currency market regime that makes it practically impossible for honest Nigerians to buy foreign currency at CBN rates?
Is it the the policy of making our debit and credit cards useless for international transactions making it difficult to pay for goods and services abroad?

The way he is implementing this currency change is so chaotic that its a disaster waiting to happen. We will beganto see the consequences in January.

AdaojoTheUrchin:
Fake CSOs sponsored by the corrupt NASS politicians themselves.

Who is fooling who?

I know he is your brother, so he must be defended without even looking into the allegations. That's the Nigerian spirit.

dgr8truth:
See ehn this country it seems president Buhari is not in charge, for certain persons to challenge policies that the president has consented to, and even plotting to truncate and undermine these policies without thinking of the consequences from the president shows president Buhari has lost it.

The president needs to bear the full weight of his office to restore sanity to governance.

Well meaning Nigerians should constantly called a spade a spade, we should have no place for indiscipline and big man syndrome. Nigeria is our only country and should be protected and sustained for the next generation.

Please president Buhari exert the full weight of the presidency, enough of this show of disrespect, and 'who dey there mentality'.

E shock me o. Buhari be like decoration inside Aso Rock. Everyone is doing as he or she pleases with no control. Nigeria is like a rudderless ship without a captain in the open ocean.
Imagine Emefiele changing Nigeria's currency without approval from national assembly or the finance ministry. I will not be surprised if Buhari himself was not aware.

CaptainFM1:
I understand everything you're saying. Yes, they all MAKE more than 30k per day. With the emphasis on MAKE/day.....it's different from WITHDRAWAL/day.

The policy is on withdrawal/day and not what people make/day.

And mind you, the Apex bank is not saying you cannot withdrawal more than 20k/day. All they are saying is if you're going to do that, a fixed percentage will be paid based on how much you're withdrawing.

I am surprised and disappointed you are still attempting to justify such ill adviced and thought out policy. You sound reasonably educated to understand my arguments that up to 45% of adult Nigerians are unbanked and the informal sector is mainly cash based. For example, I went to computer Village using BRT yesterday to repair one of my phones that had a broken screen. Where I bought a BRT ticket worth N1,000, there was a long queue of people also buying ticket.The ticket vendor's money pouch was full of money, not less than 300,000. When I got to computer village, I bought the replacement screen for N15,000. There was also queue there of people buying phone parts, all with cash. You mean to tell me you expect everyone to be transacting business with phones with our atrocious network and Internet services. It's practically impossible.

As I said, you are only supporting this policy in a desperate bid to support "our brother", if it was Sanusi that introduced such policy without it being well thought out, you will be the first to condemn him.

Even Honourable Kazaure, a so-called less educated northerner, whom you guys like to call cows, succinctly explained the impracticality of the policy below.
https://youtube.com/watch?v=5zsV8m7fsQQ&feature=shares

I implore people to watch the YouTube link above to the end. Hon Kazaure made damning allegations against Godwin Emefiele including giving loans to terrorists (I am sure IPOB). Instead of people to demand due process is followed, people are already entering their tribal and religious shells.

Originalsly:
Hmmm ..... if the deputy doesn't know.... is it only Emefiele knows the amount printed? ... or he doesn't know as well? If 2 billion was printed it is very possible they shared one billion among themselves and put the rest into circulation. How can this be resolved? Withdraw the new notes?... then they will be the first to cash in the billion and rake in a billion of the old notes that were never in their possession. Notes have numbers so they can know how many were printed.... but one can't know how many they took for themselves. This can make the new notes useless and those who exchanged the old for the new suffer great losses. The integrity of the currency is in danger ... and the man in charge is unavailable? One would expect him to be declared Most Wanted and brought back immediately by any means necessary. This deputy and the others should all be under house arrest. I'm almost sure she will need urgent medical attention abroad and leave the country. Are we sure we can get Emefiele to return?... are we sure he is not a citizen of St Kitts?.... or maybe Dominican Republic? As long as there are no serious consequences.... these criminal acts will continue... it has reached this stage now... almost impossible in any other country.

Gbam!
Each note has a serial number, and each note is supposed to have a serialised number. abi na photocopy dem photocopy the bank notes?

CaptainFM1:
Their withdrawal is still not affected considering how much they've got in the bank if the bone of contention is about the maximum daily withdrawal. I'm not focused on the digital but on the maximum daily withdrawal.

If all I earn monthly is 30k, and I can withdraw 20k maximally everyday by whatever platforms I chose. It simply means I can make withdrawal twice.

The clause is that if however I want to withdraw all my 30k at once, then I will pay the fine stipulated for that...which was why I said the 20k is fair and 50k is reasonable.

Maybe you reason this way because you are a salary earner. Me as a business man reason differently. I know the 30k minimum wage don't mean jack to business people. I know road side hawkers that handle more than 30k cash per day. Petrol stations make more than 30k per transaction. Even fish or crayfish sellers make more thN 30k turnover per day. I have not even mentioned construction contractors that needs to pay tens of workers their daily wage at the end of the day.

Nigeria does not have enough people banked at the moment to impose such strick restrictions. Only about 45% of adult population have bank accounts. The informal economy is way bigger than the formal economy. A wise CBN would embark on a drive to get more Nigerians banked before imposing such cash restrictions.

ogwumgbe:
There's someone that has been proven to has stolen 180 billion and he has not even been charged to court, I think AGF or something, they should start from there, is it now that he has used his ingenuity to end vote buying and corruption that they suddenly remembered stamp duty? No one is a fool, Emefiele is going nowhere, the politicians should continue crying for all I care

I am yet to understand the rational behind using whataboutism as a defence to a crime. If my brother should rape a girl, I should demand that unless a neighbour from a different tribe that also raped a young girl must be arrested before my brother can be arrested. The defence should not be whether he commited the crime or not.

ogwumgbe:
There's no way the economy will be stabilized when corruption and looting is the order of the day, so he has introduced the policies to manage the economy very well and those benefiting from corruption are pain and threatening fire and brim stone, let them leave the man alone jare

So they should leave him alone if it's true that he stole Nigeria's stamp duty collection for 7 years totaling hundreds of trillions of naira?

CaptainFM1:
......Daily withdrawal.....
20k is fair.
50k is reasonable too.

But, come to think of it....."Civil Servants only earn #18k monthly, and even at that some states are still owing them"

Logically, the daily 20k should be sufficient going by what an average Nigerian earns.

Notwithstanding, the CBN puts a clause to it that if you are going to withdraw more than the 20k daily, then a certain percentage will be paid...which is very fair.

In my own view this is a very good policy for the poor masses because all they earn can be withdrawn in one day anyway.

You stay in big cities and project the rest of Nigeria to your personal experience. Have you been to riverine villages in the Niger Delta where you go on 3 to 4 hours boat rides to access from the main city? Such villages got no banks. There are hundreds if not thousands of such communities in the north, West and middle belt. Then we start talking about internet or network access to operate digital banking. Not all communities have electricity not to talk of network.

I don't quarrel with digital banking, but it has to be done slowly, tactically and innovatively, and not rushed haphazardly as it is being done.

ogwumgbe:
I am not talking of tribe here brother, any policies that pain politicians and power brokers are good for the country, know this and know peace,, his policies will reduce looting and corruption drastically

His job is not to reduce looting and corruption. That's the job of the police, EFCC, code of conduct Bureau and the ministry of finance. His job is to manage Nigeria's monetary policy, stabilize the currency and thus the economy and manage inflation.

ogwumgbe:
I am not talking of tribe here brother, any policies that pain politicians and power brokers are good for the country, know this and know peace,, his policies will reduce looting and corruption drastically

Forget politicians. The political class play their game of thrones during elections and make up to steal our collective wealth later.

Emefiele's policies affect me and the masses directly. Apart from the devaluation of the Naira which is causing runaway inflation. Most Nigerians can't do legitimate business online because of terrible CBN policies. I need to renew my domain and hosting in January and I don't know how to go about it yet.

ogwumgbe:
Emefiele is going no where, he's the best CBN governor in Nigeria history, you corrupt politicians must be dealt with, idiot thieves and rogues

Best governor? Is that an irony? Or maybe he is from your tribe.

Emiefele will turn out to be the worst governor in Nigeria's history. His policies are not well thought out, apart from the grievious allegations of corruption hanging over him.

He wants to change the Naira next week, and there is not enough new naira in circulation now. The new naira note I hear is very inferior to the old ones and looks fake. My wife told me market women are rejecting it. There had not been any sanitization of the populace to it.

His foreign currency management is terrible His micro and macro economic management are disasterous.

MOTOPARK:
Prof,kindly explain to me how bad Emefiele policy is bad in the current tend of things

Abeg yarn me which policy Emefiele introduced. Is it the cashless policy that was introduced by Sanusi?
Maybe it's the devaluation of the Naira from about 250 to the dollar he met it in 2014 to the 750 it is now.

Tribalism will kill Nigeria if Nigeria does not kill tribalism.

Jnkay:
Urchins shouting! Because he doesn't allow Tinubu to do his usual drug and money laundering. Let them go and remove him, they think Emefiele is Onnoghen(CJN).

They would remove him, nothing will happen. Did Jonathan not remove Lamido Sanusi? Did the heavens fall?

Let Emefiele come and defend the grievous allegations against him instead of running around like a headless chicken.

copyrites:
Emefiele is obviously not clean but those after him are the biggest thieves. Unfortunately for him, he has no integrity to fight back. Nigerians can't fight for him either.

See, unless Peter Obi makes it to Aso rock, the status quo will remain. Who does Tinubu want to challenge when the entire Africa knows about his corrupt lifestyle?

How can a personality like Tinubu fight corruption? Dude can't even face Nigerians to talk about corruption.

Believe me, if you hear the amount of money Emefiele is alleged to have stolen, there is no bigger thief in the history of Nigeria. Abacha was a learner when compared to Emefiele.
https://youtube.com/watch?v=bvZ_ZYaFcwE&feature=shares

If you watch the submissions of honourable Gudaji Kazaure on Brekete Family, you will cry for Nigeria.

https://youtube.com/watch?v=bvZ_ZYaFcwE&feature=shares
If everything he said is true, I doubt Emefiele will ever return to Nigeria.

He will turn out to be the greatest criminal in Nigeria's history.

Obrigardo:
Hey basilico loco, care to tell us why 28 republiqunts will vote against this bill?
Pedophiles!

Because Republicans or so called conservatives are sexual perverts. Most of them have one sexual assault, rape or infidelity allegations hanging on their necks.

Abc2Z:
She knows but didn't want to disclose it. Emefiele will give same response.

There is something between the politicians and CBN.

But Emefiele is a politician occupying a very sensitive position ought to be occupied by a person without political affiliation.

He should have resigned when he aspired to be the president.

Many of those in CBN are politicians. Soludo, Adebayo Adelabu (Accord party guber candidate in Oyo State) and many more.

You mean she knows and deliberately lied under oath to the national assembly? Why will she keep the total volume and value of Nigerian currency printed from the national assembly, who as supposed to approve the funds for the printing in the first place?

Emefiele is shaping up to be the most corrupt and incompetent central Bank governor in the history of Nigeria.

Angelfrost:
The distinctive qualities of rare success are not restricted to the righteous!

Life isn't black and white!

Thank you.

Ironically it is. Whites promote and pursue their own racial interests using Black's as cannon folder. Blacks on the other hand also promote and pursue White's interests to the detriment of their own racial interests. Meaning we worship the whites while detesting blacks.

Elon musk is not the only billionaire. I would pick a Dangote or a Tony Elimelu anyday to a Musk.

What business or moral philosophy have you learnt from Musk that cannot be better learnt from Elumelu?

Angelfrost:
Not exactly...! There are poor individuals with the same mindset and attitude that I also like.

That's like saying I like all wealthy people, or that wealth is the standard for being liked.

Why will you like a white South African who lived his early years under apartheid, immigrated to the US, became a billionaire and is mixing business with politics.

Obviously you like those with money.

ZooOga:
The highly esteemed Financial Times says Mr Musk has his work cut out for him.

Elon Musk/Twitter: messy finances raise prospect of bankruptcy
Chief’s forecasts give social media company less than a year before it needs more funds


If Elon Musk’s off-the-cuff financial statements are accurate, Twitter’s creditors should brace themselves for a potential default. On Tuesday, the billionaire entrepreneur made an impromptu appearance on the platform’s live audio service and told listeners the situation was “not good”. 

Musk cast himself in the role of austerity saviour, saying that before his cost cuts Twitter’s outflows were set to reach $6.5bn next year, including interest payments. His forecast of $3bn in revenue and $1bn in cash gave Twitter less than a year before it needed to raise more funds or risk missing payments.

Job cuts lower outflows, albeit that redundancy payments will eat into savings. Musk has removed half the workforce. Others have left voluntarily and workers are under order to find $1bn in infrastructure savings. If he can halve costs, Musk can push the crunch point forward to early 2024.

Of course, costs may rise, eroding that advantage. Twitter has $12.5bn of debt as the result of Musk’s leveraged buyout, creating $1.5bn of annual debt servicing costs. Twitter is, by extrapolation, paying an eye-watering interest rate of around 12 per cent. This is partly because of rising rates but it is also a marker of the high risks perceived by lenders. Intangibles and short-term investments make up a large proportion of Twitter’s assets. Most of the debt is unsecured.

Banks still appear to have underestimated the problems ahead. The company has not reported an annual profit since 2019. But at least revenue was growing before Musk arrived. Now it is forecast to drop 40 per cent from 2021, the last full year of results prior to the takeover. The fall reflects a worse exodus of advertisers than rivals have experienced. S&P Global expects social media peer Snap to report 23 per cent revenue growth over the same time period.

This is Musk’s fault. Advertisers are unhappy that his relaxation of moderation has increased the risk of adverts appearing alongside abhorrent content.

Investors, including Musk, could lose their equity. Filing for Chapter 11 bankruptcy would allow the company to reorganise and even raise new funds to support ambitious Super App plans. But creditors would have to agree. They could also take control of the company.

Musk may opt to buy the debt himself. But if banks offload it elsewhere, Twitter may end up in the hands of distressed debt funds. From frying pan to fire in one easy flip.

https://www.ft.com/content/59649af9-2538-4121-af3c-f35b337522c4?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev

Added to Elon Musk's woes is the fact that sacked disgruntled employees are starting their own social media platform, in a addition to Jack Dorsey launching a new platform. All to compete with Twitter.
It will be a miracle if twitter doesn't file for bankruptcy within the next 12 months with the way Elon Musk is running Twitter.