₦airaland Forum

By creating VALUE that is equal to the amount in your mind

IsaacBuchi:

By creating VALUE that is equal to the amount in your mind

To whom it may concern.

I am very much interested in the outright purchase of a strategically positioned pharmacy. Kindly contact me if you have or know any body/company that is interested in selling a Pharmacy.

email: ememprojectamadeus@gmail.com

Hello

Please send to ememobongekpenyong15@yahoo.com

Mr Emeifele, it time for you to stop guessing and get your acts together! No investor will bring his/her money into a country with oscillating FX policies.

At first they used DSS but it didn't go as planned, now lets see what the have next

Hundreds of air travellers booked on Nigerian Arik airline are currently stranded across the country, following the inability of the airline to airlift them to their destinations.

Since early morning today, none of the airline’s aircraft has been operated to any destinations in Nigeria, West Africa and other routes.
SaharaReporters learnt that the massive debts of the airline to major oil marketers who regularly supply aviation fuel is partially responsible for the current situation of the airline. A source told our reporters that in addition to the airline's inability to buy for fuel, its insurers in Europe and elsewhere had withdrawn insurance cover from the airline forcing the airline to stop flight operations altogether.

A source close to the oil marketers told our correspondent that the airline is a bad debtor as it currently owes at least N3 billion to all its suppliers, a situation, which has made them not to supply Jet A1 to the airline.p
The sordid situation may also affect the airline’s long-haul operations to Heathrow Airport in London and New York in the United States of America.

Some of the early morning flights of Arik Air include Lagos-Abuja at 6:45 am and 7:30, Abuja-Lagos at 8:00 and 9:00. Others are Benin, Port Harcourt, Asaba, and Kano.

A passenger with the airline, Chris Amokwu told our correspondent that he had been at the airport as early as 7:00 for a 7:30 am flight to Abuja, but as at 1 pm, he was yet to know if he would eventually make the trip to the Federal Capital Territory (FCT).

According to him, the airline attributed its inability to operate to the scarcity of Jet A1 and poor weather condition.

But, SaharaReporters can confirm that Jet A1 is available in the local scene as airlines like Med-View, Air Peace and Landover Airways have been operating since morning despite the alleged scarcity of aviation fuel and poor weather by the airline.

When our correspondent contacted the spokesman of the airline, Ola Adebanji, he said he was not aware of the development as he was still bereaved, having lost his mother over the weekend.

Arik Air is the third airline to shut down flight operations in Nigeria in the last three weeks following the suspension of flight by Aero Contractors and First Nation.
Source:http://saharareporters.com/2016/09/13/nigerian-arik-airline-shuts-down-operations-it-fuel-suppliers-and-insurers-withdraw

May God bless Nigeria!

The rain is making it difficult for church goers, especially if you don't have a car, but it is well!

NIGERIAN DIES IN ITALY AFTER RACIST ATTACK

Nigerian migrant was beaten to death in a racist attack by a right-wing football fan in a central Italian town, officials said Wednesday.

Emmanuel Chidi, 36, was walking with his girlfriend in the heart of the small town of Paolo Calcinora on Tuesday, when they had racial abuse heaped on them by the supporter of a local football club, the Agi news agency reported.

That led to an altercation and Chidi was brutally beaten on the head until he fell to the ground. He never recovered consciousness and died in hospital on Wednesday.

“As mayor of a town that is welcoming and open to integration, I feel I’m living in a nightmare,” the town’s mayor said.



Chidi had been living in the area for eight months and was lodged in a shelter run by Catholic charity Caritas.

His girlfriend had lost her baby after a perilous Mediterranean crossing.

Hundreds of migrants arrive daily in Italy. The Italian interior ministry said last week that a total of 70,930 people landed between January and June — almost exactly the same number as the same period in 2015 and only slightly higher than in 2014.

The full-year total of migrant arrivals for 2015 was 153,000.

Source: http://punchng.com/nigerian-dies-italy-hate-attack/

EgyptAir Flight MS804 has gone missing, the airline says. According to EgyptAir, the plane was 10 miles into Egytpian airspace when it disappeared from radar.

The plane, an Airbus A320 traveling from Paris to Cairo, had 69 people, including 59 passengers and 10 crew, on board. It went missing at about 2:45 a.m. local time. The plane was at an elevation of about 37,000 feet.

Radar history of the flight, from FlightRadar24, can be seen above. The plane was last spotted above the Mediterranean Sea.

Egyptian authorities have launched search and rescue efforts, the airline says.

http://heavy.com/news/2016/05/where-when-did-egyptair-ms804-disappear-go-missing-crash-mediterranean-sea-egyptian-airspace-location-radar/

After months of insisting that he had no plans to devalue the naira, President Muhammadu Buhari has caved to pressure to change course; SaharaReporters has learned from an exclusive briefing by a few top aides of the president.


A day after the Buhari administration increased the price of the pump price of fuel by 67%, from N86.5 to N145 a liter, our sources disclosed that Mr. Buhari has also agreed to demands by the International Monetary Fund (IMF) that he significantly devalues the Nigerian currency. Our sources indicated that the naira would be pegged at N290 to one dollar. The current official rate is about N200 to a dollar.

Our sources said Mr. Buhari and his economic team took the decision to accept the IMF’s terms for funds that the Nigerian government wants to access to bridge a critical shortfall in revenue occasioned by a drastic decline in oil revenues. An administration insider told SaharaReporters that Nigeria could receive as much as $3 billion in credit facilities from the IMF.

“The truth is that Nigeria cannot operate without sourcing credit from the IMF,” said one of our sources, an economic adviser to Mr. Buhari, who spoke on condition of anonymity. “And the IMF was adamant that we must devalue before they can discuss extending credit to us,” he added.

Curiously, administration officials took the decision to devalue the naira without the input of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, another source revealed. An official of the CBN confirmed to Saharareporters that bank executives were kept in the dark about the discussions that led to the Buhari administration’s decision to devalue the naira. “Some of us here [the CBN] are not opposed to devaluation, given our country’s present circumstances,” the source said, adding that it was the CBN’s function to pilot Nigeria’s monetary policies.

One of our sources pointed to the fact that the naira has been weakened in the parallel market, where it now sells at N360 per dollar. “The government cannot continue to operate under the illusion that the naira is stronger than it is. The only problem is that we did not start early enough to admit to Nigerians how bad the financial outlook was,” the source added.

The Nigerian economy has been pummeled by falling oil earnings that have led to a near collapse of the economy. The IMF had long indicated its readiness to support Nigeria’s economy with credit liquidity but insisted on Nigeria devaluing its currency. President Buhari had insisted on numerous occasions, before and after his election, that he would never devalue the naira.

It is unclear how Mr. Buhari and members of his economic team plan to justify the about-turn on devaluation and other policy somersaults. After initially vowing to reduce the price of fuel, the government yesterday announced a significant hike in fuel price. The administration also set to announce a 10% increase in value-added tax (VAT), another indication that the Buhari government was embracing the kind of liberalization pushed by the IMF.

To compound dwindling oil prices, militants in the oil-rich Niger Delta region have crippled oil exports substantially after bombing oil pipelines and issuing threats to oil companies to leave the region.

Last week, several oil companies evacuated essential staff from the region’s offshore platform leading to a reduction in daily oil outputs from 2.2 million barrels a day to 1.3 million barrels a day.

Source: http://saharareporters.com/2016/05/13/buhari-bows-imf-pressure-devalue-naira-290-dollar

This is what you get when you demand for your rights in Nigeria! It's a pity

Congrat to my Project Supervisor! You will surely deliver....remain quantized.

Justice Ibrahim Buba of a Federal High Court in Lagos on Friday convicted 14 foreigners of dealing in petroleum products in Nigeria without lawful authority.

The judge found them guilty of dealing in 1,738.087 metric tons of petroleum product in Nigeria without lawful authority or licence as alleged by the Economic and Financial Crimes Commission.

Justice Buba sentenced 11 out of the 14 convicted foreigners to two years imprisonment with an option to a pay a fine of N2m each.

The judge said the sentence would run from last year March when they were apprehended by the Nigerian Navy and handed over to the EFCC.

Justice Buba, however, sentenced the remaining three convicts who had jumped bail and absconded to five years imprisonment without an option of fine.

The three convicts who jumped bail are Russians.

The judge convicted and sentenced them in absentia and issued a warrant for their arrest, emphasising that their jail term would commence on whatever day they are re-arrested.

The judge ordered the forfeiture of the petroleum products and the vessel into which they were loaded to the Federal Government.

He ordered the two companies convicted alongside with the foreigners to pay N5m fine on each of the five counts levelled against them.

The EFCC had on June 10, 2015 arraigned the 14 convicts on four counts before Justice Buba.

The charge was later amended with the counts increased to five.

The convicts were arraigned alongside their vessel – MT Anukt Emerald, and two companies – Monjasa DMCC, and Glencore Energy UK Ltd.

Their names, as listed on the charge sheet, are Artur Pakhladzhian, Sergo Abbgarian, Vasily Shkundich, vitaliy Bilours, Hlarion Regipor, Laguta Oleksiy and Cadavis Gerarado.

Others are Kretov Andry, Badurian Benjamin, Chepikov Olksan, Naranjo Antero, Patro Christian, Alcayde Joel and Caratiquit Beyan.

They were identified as citizens of Russia, Ukraine, Philippine and Japan.

The prosecutor, Mr. Rotimi Oyedepo, had told the court that the men were handed over to the EFCC by the Nigerian Navy, which on March 27, 2015 intercepted them with their vessel, MT Anukpet Emerald, loaded with crude oil estimated at 1,738.087 metric tons.

The foreigners were equally said to have been found in unlawful possession of 1,500 metric tons of Automated Gas Oil as well as 3,035 metric tons of Low Pour Fuel Oil.

They had pleaded not guilty and were granted a bail of N50m each, which was guaranteed by Zenith Bank Plc.

Upon the disappearance of the three Russians, the court had subsequently ordered Zenith Bank to forfeit N150m to the Federal Government.

To prove the allegations against the convicts, Oyedepo called seven witnesses, while the defendants, through their lawyer, Mr. Babajide Koku (SAN), called three witnesses.

In his judgment on Friday, Justice Buba said he was satisfied that the prosecution proved its case against the defendants beyond reasonable doubts, adding that had no difficulty in convicting them on all the five counts preferred against them.

Upon their conviction, the defence counsel, Koku, urged the court to temper justice with mercy, saying the convicts were young men in their prime, who had no previous records of conviction.

Koku said the 11 convicts who were in court were only employees carrying out the instruction of their employer and were not privy to the deal.

“We plead for mercy, My Lord. Abraham Lincoln said, ‘I have always found that mercy bears richer fruits than strict justice.’ The convicts are young men in the prime of their lives. They have no family ties in Nigeria. In fact, the convicts here are not the ones in control of the ship. They can at best be described as the laymen of the crew,” Koku said.

Quoting James 2:3 from the Bible and making reference to the Quran, Koku urged the judge to allow mercy to triumph over judgment.

On his own part, Oyedepo said the EFCC had found no previous conviction record on the convicts.

He urged the judge to “invoke the spirit behind Section 1(17) of the Miscellaneous Offences Act,” in sentencing them.

Source:http://www.punchng.com/breaking-illegal-oil-deal-court-sentences-14-foreigners-to-prison/

What is working in this country outside the fight against corruption?

No forex to import raw materials
Companies are retrenching due to the current volatility in the market
No power supply
No economic policy direction


hmmmmm

Has he declared his assets?

Politicians will always look for ways to blackmail their enemies

President Muhammadu Buhari said on Monday that the continued pressure on the immediate past administration by the United States and some European countries made the general elections in Nigeria to be free and fair.



The President said this while responding to the welcome remarks by President Barack Obama before the start of the bilateral meeting between officials of both countries at the Oval Office of the White House, Washington DC on the second day of the visit.

President Buhari, who noted that without the external pressure, “we would not be where we are today” in Nigeria, recalled that the pressure started from the visit of the United States Secretary of State, John Kerry to the past Chairman of the Independent National Electoral Commission (INEC), Prof. Attahiru Jega.

“Nigeria will be ever grateful to President Obama and the United States for making Nigeria consolidate its gains on democracy,” the President said.

On his trip to the United States, the President said he looked forward to a fruitful visit and engagement with his host government, while expressing delight that the United States government had indicated interest in partnering and helping the All Progressives Congress (APC)-led administration to bring to fruition its goals of tackling insecurity, corruption and youth unemployment.

In his welcome remarks, President Obama said that President Buhari came into office with a reputation of integrity and a clear agenda and preparedness to bringing peace to Nigeria, curtailing Boko Haram insurgency and rooting out corruption.

“On both issues of tackling insurgency and corruption in Nigeria, we look forward to how the United States can partner Nigeria to become an outstanding role model for developing countries,” President Obama said.

While describing Nigeria as a one of the most important countries in Africa, he also commended the peaceful election and transition that brought President Buhari to power.

While also lauding Nigeria’s track record in tackling Ebola and polio, President Obama also said the United States looked forward to engaging Nigeria in improving its electricity challenges.

The governors of Edo, Oyo, Imo, Borno and Nasarawa states and other top Nigerian government officials joined Presidents Buhari and Obama for the bilateral talks.

Source: http://www.channelstv.com/2015/07/20/u-s-pressure-made-nigerias-transition-peaceful-president-buhari/

Abudulsalami Abubakar Please warm-up!

Buhari I may not be aware of the purpose of your visit to the US. But if legalizing gay law in Nigeria is part of it, you will get it smoking hot from Nigerians!

There is little or nothing APC can do at this stage in Rivers state. It's quite unfortunate that APC doesn't accept defeat whenever the lose in an election.

This is a consequence of lack of Temper-control.

APC have seen that governance isn't an easy task!

You even have the capacity to lead Nigeria. Senate is just secondary!

This guy is talking from experience

Military takeovering the prison is not the solution. Relocate the military to Where the Boko Haram prisoners are coming from.

I congratulate the military for their efforts, But a lot of work have to be done.

I congratulate the military for their efforts But a lot of work has to be done.

Dear Zahra, Stop this gimmick! Nigerians are wiser now. Obama? Child...ker? What was your dad doing in the USA in the past weeks?

We need more of these armored vehicles in Borno

Drama unending! Buhari wasn't ready to become a president.