₦airaland Forum

@sjezzy

He fosters corruption through tithes in rccg?. cn u please xplain howww, or all d tithes in d church go to himm/?, defintly ntt, common bruvaa. u cc it urselff, d needs of the  church are way too much for a man to steal the churchs money, nd jus because has acces to a private jet doesnt mean he steals the church moneeyyyy

I criuosly wished ppl could think before postingggg their comments on this thingg, or d moderator review ppls comme der being postedd, cos it seems der some shallow brainy ppl of nairalandd, all dey do is post useless comments dat wudnt benefit der lives or dat of oda nigerianss, in d topics in question, adeboye does not need to speak to our so called leaders kno der responsibilities. Every month, der alaways prayer nd fasting for the nation in whch he obliges ever1 to take part inn, nd im sure if d man goes to speak to them again some retards on nairaland would opn der mouth aimlessly to say that d man is corrupt or has gone der to collect bribe, nd personallv i dnt fink religion has to do with the economic nd develmental growth of nigeriaa, simplessss!!!!!!!!

Fyneee sanusi is trying to restructure the banking industryy, der r better ways of resturcturingg dat wil nt affect potential investors and stakeolders in d bank. sacking of workerss in banks is just one of the numerous effects of his actionss. And the manfcturing industry as wel as petroleum indstryyy is goin to be affected the most by thiss, nd for those talking rbsih bout bank executives living big, goshh , its nt der falt, check CEO's of banks in other country so its nt der fault,

COUNCILLORS and some stakeholders in Abia State have dragged a council boss, (names withheld) to the Economic and Financial Crimes Commission (EFCC) for allegedly approving the sum of N1 million every month in the past two years as kitchen allowance for his wife from the council funds.

The spokesperson of the people, Mr. Clement Nwator, in an interview with the Sunday Tribune, accused the council boss of allegedly governing the council from overseas, saying he stays abroad most of the time.

Nwator, who said the people had written to the state governor, Chief Theodore Orji, the Inspector General of Police and the state House of Assembly over the matter, also wanted the EFCC to investigate accusation of alleged financial misappropriation of the sum of N750 million against him and some of his principal officers.

They said that the sum included normal and excess crude account allocations of the council since the inception of the present administration.

The people, who said the area had not enjoyed any dividends of democracy in the two-year administration of the council boss, also accused him of inflating contact sums, citing as an instance, the tarring of half-a-kilometre road located inside the council’s headquarters for N45million.

While reacting to the allegations, one of the special assistants to the council boss told Sunday Tribune in a telephone conversation that the council boss was not in the country at present, adding that he would comment on the matter when he returns from his overseas trip.

He described the allegations as part of speculations towards the next council elections in the state from the people who were spreading it, adding that truth would be revealed soon.

Economic management is hinged on choices and economic cost. Economists are expected to do a cost benefit analysis of policy before embarking on it. How much of that was considered before the recent clampdown on Union Bank, Intercontinental, Oceanic, Afribank and Finbank by the CBN. That is the question Group Business Editor, Gabriel Omoh attempts to examine in this report

Economic decisions are made on the basis of trade policy options and trade offs. How much of a given thing do we need to give up in order to achieve a given objective. It is not certain if the implication for the whole economy was considered before the action of the Central Bank (CBN) governor, Mallam Sanusi Lamido.

Mallam Sanusi and his team are currently in London to explain to foreign investors the action of CBN in removing five bank managing directors and possibly convince them to come into the country and invest. On Friday, he told the world that he was prepared to sell the five banks 100 per cent to foreign investors.

If this policy were well thought out , would Sanusi need to explain to foreign investors his decision? When the same foreign investors were asked by CBN to establish bank of their own if they were interested in Nigeria banking, what was their response?

Today, his clampdown has sent the wrong signal to foreign banks which have cut off Nigeria from their credit line. Many Nigerian letters of credit and guarantees are being turned down and that was why Sanusi said the CBN would guarantee all foreign loans and corresponding banks credit lines.

Just when the same foreign investors were building confidence in Nigeria banks by rating them high, granting foreign lines of credit Sanusi dropped the bomb shell. The biggest threat to Nigeria’s economy today is the question of policy reversal. During Professor Chukwuma Soludo’s tenure he said he would not allow any foreign bank to take majority shareholding in the recapitalised banks.

Union Bank which is one of the affected banks had almost concluded a deal to sell about 40 per cent of its shares to a foreign bank, but was not allowed to do so on account of the existing policy and for a non performing loan of N74 billion the banks executives were sacked.

Assuming most of the Nigerian banks were owned 60 per cent by foreign banks what would have happened during the global financial crisis when foreign banks were recalling their capital back home to save their mother companies? The Nigeria capital market suffered a huge set back when foreign portfolio investors pulled out their funds from the system. Asking foreign investors to take over these banks is a signal to outsiders that the CBN has lost confidence in the ability of Nigerians to manage their banks.

One major problem the Nigeria economy is suffering from today is capital flight caused by government’s policy inconsistency.

The capital flight that hit the Nigeria economy has continued unabated as Nigerians, corporate bodies keep moving funds massively out of the country, or converting the Naira to dollar. In the last four weeks, a total of $4.7 billion went out of the country. While about $30 million went out in the week ending 26th December 2008, the amount of foreign exchange flowing out of the country rose to $1.402 billion for the week ending 9th of January 2009.

The trend has not been reversed The foreign exchange outflow went further up to $2.019 billion on the 13th of February 2009. This gives a total of $4.701 billion in four weeks for which data are available. Indications are that at this rate, the country will finish up the reserves and face acute shortage of foreign exchange for imports. This development has resulted in the crash of the naira exchange rate which was relatively stable before the global financial crisis.

The movement of funds out of the country comes by way of Nigerians buying up dollars with their naira and moving it off shore. The fact that the CBN has pronounced some banks problematic and that others are passing through its examination will heighten capital flight and make would be investors look elsewhere.

As a result, the Nigerian interbank lending will be restricted to banks that are considered safe. In fact, each bank will want to hold onto its money and the market for fund placement will suffer.

One major lesson from recent developments in the Nigeria economy is the need to strengthen the economy through proper diversification and an enhanced performance of the real sector of the economy. Unless investors in the real economy are strong, there will be limited investments for the banks to fund. The banks can only be as strong as the economy in which they operate. With the criminalisation of loan defaulters and bank executives who granted the loans the small scale industrialist will suffer more as banks are likely to impose stricter measures in their loan assessment.

Banks are at fault in sectoral concentration of credit in oil and gas, telecom, capital market and trading. This is certainly not in the interest of sustainable economic growth to have an enabling environment for businesses to thrive and support the financial system.

In any economy for what ever reason, when the agencies of government come out with a policy that will end up in the withdrawal of credit facilities to the business world, some shrinkage should be expected in terms of business activities and the rest of them because companies need this credit facility. It is also necessary to sanitise the system and get companies or individuals to pay up their debts so that the banks do not go under. If the banks are allowed to go under, it will impact negatively on the economy as well as on individuals and depositors of the various banks.

But there is every need to thread with caution to restore depositors’ confidence so that more people will be willing to keep money in the banks which the banks will in turn give to those who need it in the form of credit facilities. The CBN in its report has always complained that close to 40 per cent of money in circulation is outside the banking system. Further erosion of public confidence in the banking system more people will encourage people to keep money at home thus denying the economy access to funds for local investment. If there were enough local savings, Sanusi would not be in London pleading with foreign investors in the first place.

There is no way the present drive will not affect the supply of petroleum products. At present and with the Nigerian situation, anything that affects the availability of credit in the economy will definitely affect the ability to satisfy local products need. Precisely, if this issue is not well managed, it will impact negatively on petroleum products availability and supply in the country because Nigeria is import dependent.

The issue most foreign investors have with the management of the Nigerian economy is that of sanctity of contract. Most investors have said openly that Nigeria is one country where property right is not respected. What the present situation of loan recovery portends is a confirmation that any thing goes.

Because loans entered into under a legal contract have gone bad, the CBN has called in EFCC to arrest, detain and prosecute offenders not minding the circumstances in which the loans have become non performing. Banks have long complained that the judicial system in the country has not encouraged loan recovery efforts. Long litigation and perpetual injunctions have conspired to hinder loan recovery efforts.

Commercial courts have long been called for yet no reform was carried out in the judiciary to encourage loan recovery. The present fire brigade effort will further damage the image of the country in the eyes of foreign investors. Nigerians are generally in full support of the strengthening of risk management practices in the banks. But this should not be interpreted to mean that the banks would not take any risk. Investment is about risk, and any institution that wants to partner with investors must be ready to take some risk. But the way the CBN and EFCC are going about the entire exercise is that banks and business should not take risk.

The drama that is playing out in the banks is an indictment of the CBN for as far back as 2007, the banking supervision department in its report said “Data integrity and disclosure requirements remained a challenge. There were reported cases of misreporting and false rendition of returns in violation of not only the provisions of the Code but other regulatory guidelines. Such breaches, however, continued to attract appropriate sanctions/penalties and regularizations according to the law.

The greatest challenge to the nation is implementation of policies. Today it is Sanusi who is on the driver’s seat dictating the tune. Tomorrow somebody else will come with his own agenda without any regard for tradition, culture and trends in the institution he is called to head. The CBN had asked banks to appoint independent directors who will have independent mind to help direct the affairs of the banks.

The CBN should conduct an internal audit of itself why those directors were not appointed and why the banking supervision department of the bank did not enforce it. Way back in 2007, the last available report of the department stated clearly that the banking industry was yet to comply with the requirements for the appointment of at least two independent directors on the board of each bank. The reason was largely due to the absence of a clear definition and the specifications of the qualifications for independent directors.

The CBN also by this action indicted itself for non performance because it failed woefully to implement its own rules of asking banks to submit appraisal of directors. CBN own report said that some banks submitted reports on their boards’ performance appraisal and even had them published in their annual statements of accounts. Majority of the banks were, however, yet to put in place the procedure for such appraisal. The main reason given by the banks was the difficulty of getting suitable consultants for the job.

The emergence of large-sized banks through mergers and acquisitions posed challenges of integration, acculturation, capacity building, service delivery, and boardroom and management squabbles.

In order to institute a strong corporate governance culture in the emerged banks, the CBN issued the code of corporate governance for banks and sustained its implementation through periodic monitoring.

The question is how far did the apex bank go with the monitoring. Nigerian must not forget that Shareholders’ expectations following the conclusion of the consolidation programme imposed a grave challenge to both the operators and regulators. As a result of the forecasts in banks’ prospectus for public issues during the reform period, banks created high shareholder expectations of bumper dividend payments and capital appreciation.

Profit and dividend payout motives, therefore, rose to uncomfortable heights that made some of the banks do what they are accused of. For the inability of some banks to meet these expectations in the short-run began to create shareholder disaffection while there was undue pressure on banks to out-perform one another and pay unsustainable dividends as promised during the consolidation period.

The CBN cannot claim ignorance of these factors as it said it monitored these developments and took appropriate measures just as the Nigerian Stock Exchange commenced investigation into the activities of some companies that were alleged to have manipulated their share prices. The banking sector reforms and the Pension Act 2004 opened several opportunities for banks to finance big ticket projects in the manufacturing, energy, oil and gas sectors as well as carry out developmental activities that would support the economic transformation of the country.

What has happened so far since August 14 is the announcement effect of the Sanusi banking reform policy. The real effect will come when credit dries up for corporate bodies, higher level of capital flights, factory closures for lack of raw materials, increase in unemployment and nose diving of major economic indicators. Nigerians then will all wake up to the sark reality of what we have got ourselves into.

Yaradua is failing himselff, he sed he belives in the principle of RULE OF LAW, and yet he fails to abide the NIGERIAN CONSTITUTION on the issue of FEDERAL CHARACTERS, I belive dis man has the ability to perform, but he s hands are tied, hes being controled the d powers that be inn d NORTH, Emirsszz nd HRM THE SULTAN OF SOKOTO!!!!!!!!!!!!!!!!!!

@oyb

U SUPPORT SANUSI?, FYNE WHT HE DID, HE DID WITH THE RIGHT MOTIVE, BUT  HE DIDNT MAKE USE OF THE RIGHT TATCTICS, what he done has very very damaging effects.  soludo was well aware of these problems in d banking industry but didnt wana take d step soludo took because of d devastating effects it is going to have on d economy. sansusi calls himself a risk manager , lets see how hes gonna manage dis RISK hes gone into, der so numerouss

1) Its goin to affect the stock market, check the values for 2morrow , they are already dropping  since it d banking industry that is the most capitalised in the stock exchnge

2) Its make it even more difficlt for banks to give out loans now

3) Its hard to borrow money to do business, nd when  ders lack of the sme's   where are d jobs goin to come from

4) People r going to get sacked  in the banking industry nd in some other sectors with this action of his

5) nd come to think of it the baking sector is d only sector that is working effective

BUT LETS SEEE WHT HAPPENSS, SANUSI IS A RISK MANAGER

nd talking bout waziri, she dnt kno her job descriptionnn!!!!!!!!!!!!!!!!!!!!!!!!!

This waziri is a dolo, guess she doesnt understand her job description, These are not criminal casese, it s civil offence , and come to think of it its very stupid der would av bn an agreement btw d banks nd the so called debtors before the loans are been given out, so now squeezing these people out ti pay back at once is very stupidd, der gonna mess up amny thingsss ( Soludo to me has startd failing!!!!)

Gosh i find most NIGERIANS VERYY BIZZAREEEEEE, IT IS NT CRIME NEITHER IS IT BAD TO BORROW LOANS FROM BANKS. Most billionaires in the world borrow loans to do business, so y all d noise bout repayig back all d loans they borrowed, very certinly der would have bn an agrrement on how these people would pay backk, most people on the forum jus open der mouths and chat rubbish, probly cos dey dnt understnd the adverse effect of sanusi's action, u claim ders no job to do, nd most people are in support of CBN'S actionn, una dn find job,

Dis thingy really gets on ma nervess, nigerian people cannot just accept thingss and be positive for onceee, Fynee RITA RITA RITA ND RITAA, EVEN THO I LIKED HERR, SHE DIDNT WIN COS HER VOTES WERE NOT ENOUGH TO GET HER THE TOP SPOOTT, ITS JUS LIKE BRITIAN GOTS TALENT, EVERY ONE WAS GOIIN ON BOUT SUSAN BOYLEE , bbuh guess wht , JLS WONN, because DEY GOT MORE VOTEESSS, SO I DNT see any biggy if Bolanle winss, Nigerians should pls learn hhow to be positive and accpt thinggzzzzzz, evry thing RIG RIG RIG, @ LEAST LETS BE POSITIVE FOR ONCEEE!!!!!!!!!!!!!!!!

I fink he told d truth basicallyy, he spoke on d main issues dat affect AFRICA, nd NIGERIA in particularr, we ve got d potential to be AFRICAs bestt, buh corruption in all levels of d society  is killing uss, right from d top lawmakers to the police on d street nd even in business corruption has taken over , nd i dnt believe dis solution is a matter of 4 or 5 yrss, like obama sed, D DESTINY OF AFRICA IS IN THE HANDS OF AFRICANS, nd the destiny of Nigeria is in d hand of we d younger generationn

it was actually a false alarm people, got message from redemm central office in london, nd dey sead it was a wrong messgae that adeboye neva sent any of such messagess, nd confirmed from his son which happens to be my Pastorr!!!!1

Bone am , no be in papa moneyy!!!1 , ma guy na yahoo boyy, no TRAVEL MONEY wey dey inside on car, insef dey do bankee, abbey and laideyy!!!!!!!!!

Jakumo or wetin u call ursefll, IZ ITlack of Ignorance that iz ur problem or lack of acces to information, which of them. The jet  in question was neither bougth for him or by him neither was it bought by the church, It was bouhgt by a group of people for charter services and Adeboye is given priority to use the jet.so get ur CLAIMS right before stating them.



http://www.thisdayonline.com/nview.php?id=139813

Jakumo or wetin u call ursefll, IZ ITlack of Ignorance that iz ur problem or lack of acces to information, which of them. The jet in question was neither bougth for him or by him neither was it bought by the church, It was bouhgt by a group of people for charter services and Adeboye is given priority to use the jet.so get ur CLAIMS right before stating them.



http://www.thisdayonline.com/nview.php?id=139813

PDP asked for militants in Ekiti – MEND

A fresh dimension was at the weekend introduced into the Ekiti State political quagmire with the Movement for the Emancipation of the Niger Delta (MEND) revealing that the Peoples Democratic Party (PDP) actually planned to use its members to cow the opposition and the people of the state during last weekend’s gubernatorial re-run.

MEND’s disclosure is, however, contrary to the claim by the PDP that the opposition in Ekiti recruited Niger Delta militants for the re-run poll.

Spokesperson of the militant group, Jomo Gbomo, who made the allegation at the weekend in an email response to Sunday Sun enquiry, said the PDP made the proposal during an alleged secret meeting held with the party’s hierarchy to solicit the group’s support for the 2011 general election.
The group had also claimed that as part of the PDP offer, the charges of treason against its incarcerated leader,
Henry Okah, will be dropped while militants in the region will be granted amnesty.
“The PDP had suggested during the meeting we had regarding the rigging of the 2011 gubernatorial elections, the possibility to recruit political armed thugs to intimidate the opposition in Ekiti,” Gbomo stated.

He added that the movement was stigmatised by the ruling party when the plot to rig the 2011 polls leaked to the media, stressing that, ”because we blew the alarm and exposed their evil agenda, they may want to believe that we have switched sides. MEND is not made for political thuggery.”
MEND who also disowned the leader of the Niger Delta Peoples Volunteer Force (NDPVF), Mujaheed Dokubo-Asari, over appearance at the AC campaign rally in Ado-Ekiti, saying he was on his own.

“Asari backs the AC because of his relationship with Mr Tonye Princewill. MEND does not back either of them or any political party for that matter,” it further said.
On the prolonged silence of the Federal Government on the report of the Niger Delta Technical Committee, the movement said it was not surprised because the government set up the committee to buy time.

“We are silent because we know the government used the TC (Technical Committee) to buy time. Remember in our first reaction we stated that MEND considers the TC "an appetizer in the banquet of deceit". Our prediction has come true,” Gbomo noted.



Iz it by force for PDP to win election?

lmfao!!!!!!!!! , look at them now , nd now look at den wen dey leave aso rockk, afte living on tax nd oil money, dey be looking all fresshh,

Good thing wen the naira is not doing very well, DEN U RE-INVENT THE CURRENCY, if anyone knows whta dat iss

Yea quite a good argument, but afta nigeria becam ea democracy, yea he is cos i dnt think yar'adua can do anyfin before he leaves office, he's prolby the best nigeria has had do far as well as Gowon, oNLY IF ANYBODY CAN MENTION ANYBODY ELSE DAT HAS DONE MORE THAN WHAT OBASANJO HAS DONE, IS IT IBB, ABACHA, BUHARI, OR ANYBODY ELSE, DNT LETS US DECIVE OURSLEVES, EVEN THO HE STOLD MONEY HES DONE SO MANY GOOD THINGS FOR NIGERIA

tribalism, soludo or bauchi state governor, bullshitt, lets all think this wayy, Nigeria todai is all bout the Northernrs, check every key position in Yar'aduas government, its a northerner, Lemme tell u ppl ur president of nigeria if u dnt kon, SULTON OF SOKOTO & AND THE EMIR OR BORNO!!!!!!!!

igbo man go use us do business!!!!!!!!!!!!!!!!!!!!!!!!!

Alhaji Shettima Usman Yerimma, an activist and human right crusader is the President, Arewa Youth Consultative Forum (AYCF). In this interview with Daily Sun in Lagos, he blasted those clamouring for President Umaru Yar’Adua’s second term in office, describing them as enemies of both the President and Nigeria.
According to him, Nigeria has continued to move backward under Yar’Adua instead of moving forward, lamenting that, Mr. President is not competent to steer the ship of this country to the promised land.
The concerned AYCF boss also spoke on other issues like the proposed deregulation of the oil sector and the economic meltdown among other issues.
Excerpts:
Nigeria under Yar’Adua
To be very honest, the country is stagnant. To say the country is stagnant is even not saying it the way it is. The country is moving backward on daily basis. To be candid, the country is moving from bad to worse and from worse to worst.
As I am speaking to you now, almost two years of Yar’Adua in office, there is virtually nothing to write home about. There is nothing to show for it! Almost two years of sloganeering – rule of law, due process and 7-point agenda – honestly, we have not seen the impact of any of the agenda on the Nigerian people.
Not even one aspect of the so-called 7-point agenda has been achieved. Is it in power sector? Is it on the issue of Niger-Delta or corruption? Nothing! Virtually nothing, my brother.
Economic meltdown
We cannot survive the global economic meltdown. Some of us had seen it coming long time ago. And that was when we started querying the rationale behind stashing our money somewhere in the name of foreign reserves instead of investing it to cushion the effect of meltdown.
We saw the danger coming during the time of President Olusegun Obasanjo and we called on the Federal Government to ask the Central Bank of Nigeria (CBN) governor, Charles Soludo to do something. If they had listened to us, they would have brought the money out to improve the lives of Nigerians by doing something that would keep us surviving.
And as it was glaring that the meltdown’s tide would wash us away, Soludo still kept on assuring us that we were adequately insulated against the tide. He said the crisis would not affect us in Nigeria as if Nigeria is an Island on its own. And the same Soludo is still there parading himself up and down like a confused person. The truth of the matter is that Nigerian leaders have really lost vision. It is common knowledge, even to a layman that, if 1 is put together with another 1, it will give us 2. But, in Nigeria, if 2 and 2 are put together, we don’t get 4 but 22! That is how they confuse people with bogus economic and financial analyses that have got us nowhere today.
We expected the crisis and nobody tried to do anything. Today, nobody is pretending as we are all neck deep into it now. Everybody is now crying.
When the Western world started crying about the impending crisis, common sense demanded that Nigeria leadership should start to do something to make sure we are adequately insulated. Now, we have found ourselves in the main stream of the whole crisis. Naira is now N200 to a dollar!
Deregulation
Honestly, this is not the right time to deregulate. With the present situation of the economy worldwide and the rising of dollar day in day out against our Naira, I think, this is not the right time to talk about deregulation if we don’t want to put more burdens on the already over-burdened masses of this country.
And I think it is after we must have tackled the issue of the meltdown properly that we can begin to talk about deregulation or whatever. It is then we may likely get a headway. But now that we are battling with the meltdown, talking about deregulation would be out of place.
Electoral reform
To us, the electoral reform is not the issue now until we address a fundamental problem of the people of Nigeria, which is the constitution.
Electoral issue, as far as we are concerned is less than 10 per cent of Nigeria’s problems. If we reform electoral processes but refuse to make the document that would make the electoral reform binding on all of us, we would just be chasing shadow. It would amount to exercise in futility and labour loss.
I think the issue is beyond electoral reform. Let us address the fundamental issue which is the constitution. We don’t have a constitution that is legitimate, there is no way we can have any answer to our problems. Let us address that fundamental issue and every other issue would fall in line. It is then we might begin to see light on the Nigeria’s horizon.
Second term agitators for Yar’Adua
I don’t think they wish him and the country well. If they wish him well, they won’t be clamouring for a second term for him.
One, on health matter, from all indications, it has become common knowledge to every Nigerian that Mr. President is not feeling fine. And those who are clamouring for a second term for him are nothing but boot lickers, political jobbers and government lobbyists.
They are so myopic that they don’t care whether the president collapses and dies. Their own concern is how to get undue patronage from the government at the expense of the whole country. And because of their selfish interest, they would keep on pushing him to the wrong path of history.
Yar’Adua should learn from history. History has told us that those sycophants don’t normally wish anybody well. Even during Abacha, they were there urging him on to discard his Khaki and adorn civilian attires.
They were also there during Obasanjo. They urged him on to go for a third term even when they knew it was illegal and unconstitutional. And when Obasanjo crashed, the shameless agitators withdrew only to resurface now to push Yar’Adua too to commit political suicide. So, Yar’Adua should learn from the past. Yar’Adua also knows that he is not competent enough to rule this country. It was Obasanjo that pushed him into this trouble.
On his own, I know he has good intention for this country. And I pray for good health for him and quick recovery from any ailment that might have been bothering his mind.
So, with the situation of things in this country today, everybody knows Mr. President is not well. And anybody that clamours for his second term does not wish him well.
Advice
If I should advise him, he should see himself as somebody who has made his own contribution to the growth and progress of this country. And so, he should look around for other able bodied people to replace him. There are a number of prominent people in Nigeria that can complete his second term for him and even do better. As a Muslim, he must realize it that he never started Nigeria and he is not going to end Nigeria.
The issue has to do with continuity. He has done his bit. And in two years, there is nothing to show for it. He cannot do better than what he has done. In the next few months electioneering would commence and people would start going about campaigning.
I suggest, to him as a man I respect so much, as a man with integrity and as a man that has nothing to do with material wealth, I humbly suggest that he allows somebody else to contest in 2011 to complete his second term for him.
Atiku’s romance with PDP
That is desperation. And I wonder why somebody should be so desperate for power! And because of that, a lot of people have lost sympathy for him.
After all the sympathy the people have for him because of the way he was humiliated by Obasanjo, the people stood by him, rallied round him and in the process, some lost their lives, some their property and means of livelihood. So many heads rolled and some were incarcerated because of their support for him, This Man speaks nothing but the truth!!!!!!

RCCG members would soon be going on excursion to Heaven to deliver their prayer request to God directly using the Gulfstream jet,

, @dayo kanu, was dat ment to be joke dat we shud all laugh @, bruvv, wise up mehn

@pastor AIO, when ur family owns a bank like oceanic and one of the most wealthy family business in Nigeria, wht is $20m to you, figure that out

i watched on program on tv about the re-branding nigeria, nd one of the people sed we have to re-brand nigerians mentlity first b4 re-branding the country it self, the way nigerians think its obsurd, nigerians cannot see their fellow brother do some thing good without critising him ot her, dey react to every little thingg, The man never bought the jet with the church money, it was a group of people that bought the gulfstream jet for him, 1 kobo did not go out of the church moneyyy, if ya'll want onee, see ye first the kingdom of god den all odrr things wud follow. so ppl shud get their facts rite before they chat rubbish on the net, well its always nigerians that chat shit on the net, especialy dis nairaland

i watched on program on tv about the re-branding nigeria, nd one of the people sed we have to re-brand nigerians mentlity first b4 re-branding the country it self, the way nigerians think its obsurd, nigerians cannot see their fellow brother do some thing good without critising him ot her, dey react to every little thingg, The man never bought the jet with the church money, it was a group of people that bought the gulfstream jet for him, 1 kobo did not go out of the church moneyyy, if ya'll want onee, see ye first the kingdom of god den all odrr things wud follow.

i fink hezz doing a good job, looking at it from the economic angle, these markets are adding to the cost of the government, and dey are in no way paying taxes. This increases Government spending on these areas, rather than profitable areas. The best solution is to send pppl back to ther home sate. If u dnt have a proper job in which u are paying taxes in LAGOS. Go back to ur home state. , only if u ready to pay taxes as a market trader den u can stay

Dis is real criuos, i gues somefin i noticed about majority of 9ja ppplz iz dat they nevalaern to give support to their brudsaz who r making it, u lot alwyaz find somefin to sai bout some1 all da tyme, he made $5m from the movies , u shud be happy wiv him, any sucessful 9ja pepezz yea, ppl must find one thing or the oder to sai bout the personn, Bluddd, hes made his moneyy, u lot shud go sit and fink bout aw to make urzzzzzzz

origina9ja, whd up ohhhh, u dint tel me dat ur sis was preg , hu preg her?, hasnt she heard of condoms or pills?