I tot our police are smart enuf,dey would av block,Ibusa rout,warri rout,ogwashi asaba rout,isele-asaba rout and den do house to house check,dey must surely see result bt as at nw d queen fit dey Kaduna no man can tell.

Nawa o

tpapi: dos kidnappers r wastin their time,dem no go collect shishi,wen d heat around dem bcoms too hot 4 dem na dem go leave d grandma take off,make we dey watch

Exactly.

Nemesis is finally catching up with the nigerian elite , i hope some more high profile kidnappings take place so that the nigerian elite know that their days of looting with impunity are now coming to a close, to the kidnappers very well done and hope you squeeze every last penny of their stolen loot out of them.

Nigerian Economy: Rising debt, IMF Once again, Collapsing Infrastructure as fat Cats get fatter
In 2005, during the tenure of Obasanjo with Okonjo Iweala as Finance minister, Nigeria paid a whopping sum of 12 Billion dollars to buy back 18 Billion dollars debt owed Paris club. This prepared the ground for Nigeria to completely pay off its debt by April 2006 and made her first African country to fully pay off its debt (estimated at $30 billion) owed to the Paris Club. This “exit” from debt trap was celebrated both nationally and internationally; the celebration alone was estimated to gulp 2.4Billion Naira.

This further confirmed the subservience nature of Nigerian ruling elites to their foreign masters in the west. This 12Billion Dollars would have gone a long way in solving many infrastructural challenges, the health, education and power would have positively benefitted immensely from this windfall, but those become completely unimportant when the interest of Nigerian ruling class or their masters are involved. Despite the fact that, over 35Billion dollars already paid in interest and the destination of this debt cannot be rationally traced, yet it was still the priority of thieving gangsters to dole out such a huge amount, under a dubious buy back deal.

Something similar happened in Argentina on September 2, 2008; President Cristina Fernandez de Kirchner of Argentina announced plans to pay off the entirety of debt owed to the Paris Club, which amounted to roughly $6.7 billion. Political pressures ensued and though the government officially insisted on its intention to repay,[3] government officials eventually stated that this is unlikely until global credit conditions improve, in spite of the fact that Argentina is richer than Nigeria. Regime of Cristina Fernandez de Kirchner became so unpopular and even up till now it has not emerged from this infamous attempt; but in Nigeria, this mad wastage was greeted with drumming and dancing.

A naïve observer would have thought that for Nigerian ruling class to have rejoiced over exiting debt burden means never again will they enter it again. That they have forever learnt their lessions, but can an irresponsible, unproductive and useless ruling elites live without debt? In less than 5 years, the debt portfolio has climbed and surpassed the 2005 figures. Nigeria now owes $37Billion. The World Bank/IMF, just as it did in 2005, has once again stationed its representative in person of Okonjo Iweala; at least to oversee its interest and ensure that its policies are followed to the latter. Despite favourable oil price in the international market which means more money for Nigeria, the debt continues to rise uncontrollably. The main difference between now and 2005, is the composition of this debt figure. Just $5 Billion is foreign; the remaining is debt owed their local friends and contractors. The immediate response of Okonjo Iweala after her swearing in was that there is no cause for alarm; that the present debt is just 19% of GDP, which falls short of 40% boundary recommended by World Bank. From her response, it means we have just begun the part two into the jungle of unending debt. As at present, N542bn is earmarked for debt servicing in 2011 budget alone. This amount is more than the total allocation for education and health combined. Okonjo Iweala personally benefitted from the 2005 deal because her Consultancy outfit actually brokered the deal and the consultancy fee alone is enough to encourage her to do it over and over again.

The main thrust of IMF/WORLD BANK policy for Nigeria, like other less developed countries is to devalue the currency. Nigerian ruling class, a complete slave to foreign interest is always ready to carry through any policy irrespective of its own local narrow interest. With a devalued Naira, the local debt becomes cheaper and inflation becomes galloping. Devalued Naira will make foreign component of the debt to be more valued and at the same time cheapen the local component. There might be a determined resistance from local bourgeoisie against this move, but as always, in the final analysis, the interest of International capital prevails.

This revealed more glaringly why inflation presently at 12.5% will likely shot up the more. Why Goodluck Jonathan Government will continue to deceive the Nigerian workers as regards minimum wages; even if eventually paid, devaluation will make mess of it. This regime like previous regimes is only capable of bringing succour to foreign interest and local cronies and at the same time increase pain and agony for Nigerian masses. Nigerian ruling class is absolutely dependent on foreign interest, this was also revealed by wikileaks: how US Government mobilized support for Jonathan and sent their illustrious daughters(Okonjo Iweala) to directly oversee their collective interest.

As long as Nigerian ruling class remain in power, more agony and frustration will continue unabated for Nigerian masses, just as foreign capital and local bourgeoisies benefit more and more from our pains. The only available alternative to a better Nigeria is booting out this thieving ruling elites, establishing the Government of the working people; for working people and in the interest ordinary Nigerians.

http://www.workersalternative.com/economy/110-nigerian-economy-rising-debt-imf-once-again-collapsing-infrastructure-as-fat-cat-get-fatter

floriana: Ngozi Okonjo Iweala is the 'prime minister' of Nigeria government and a PhD holder. She was a world bank vice president. She ran for the presidency of the world bank but obama denied her. Both her parents are professors and royal. Ngozi prefers the African fabrics to western attires. She's a trend-setter in a unique head tie made with ankara.

is she married, what and where's the husband name. Is it 'Okonjo Iweala'?

This is just the beginning.Next will be the the IG mother if he has, or his father.Wicked leaders.

This is just the beginning she aint see not yet.
She can introduce hardship to every nigerian early this year not even thinking of the consequence.

Those guys suppose claim more if need be.
You are ripping what you sole early this year.

Riminds me of a scene in an Austin Powers movie. I'm sure even the old lady would have bust into laughter when she heard the ransom price. LOL

comm: is she married, what and where's the husband name. Is it 'Okonjo Iweala'?

she is married to Prof Iweala

ismhab: The pikin wey say mama no go sleep, him too no go sleep, mrs. Okonjo thanks for ur economic policies, Nigerians are suffering and dying of hunger, poverty is increasing, unemployment is also increasing, and u said fuel subsidy must go, let u feel the fresh air that Nigerians are enjoying.

oboy dont blame dis womam blame d oil carba and mr jona who is afraid to step on tols.

Hahahaha. I jst cant stop laffin in arabic. She must pay dat money.

floriana: Ngozi Okonjo Iweala is the 'prime minister' of Nigeria government and a PhD holder. She was a world bank vice president. She ran for the presidency of the world bank but obama denied her. Both her parents are professors and royal. Ngozi prefers the African fabrics to western attires. She's a trend-setter in a unique head tie made with ankara.

ane so?

High level of Kindnapin and Robbery etc are products of bad government. Dey should all feel d heat.

afam4eva: Isn't that the budget of some countries? The kidnappers are very stup1d. How do they intend to manage that amount without being caught. Where will they put it?

Installments I guess they'll be paying small small

brown3: oboy dont blame dis womam blame d oil carba and mr jona who is afraid to step on tols.

The Oil cabal are part of GEJ cabinet.

Members of dat family are wickedly rich using 'OUR' currency. They can pay dat money even without goin 2 bank 2 withdraw (dat's if they want 2 pay it).

1 BILLION IS TOO SMALL. EASY COME EASY GO.

epini abi afu kobo they will not get. Everyone should be calm. Let them keep the woman, feed her till they are tied then they will release her. If they decide to kill her, it is appointed unto us all to die. She is over 70 years and has paid her dues. She has children and grand children who are professors and have made success in their respective career paths. If she die no wahala. Aunty Ngozi, pls do not give them any money. I know uncle Jona will be panicking by now and may give you unspent 2012 budget. please ma, there are people who need the money not those wicked mother fuckers who took your mum away. Not to worry Queen Mother will soon be back. Ogwashi Uku people no dey fail. lolz

too much book...na she marry the husband. QED.

comm: is she married, what and where's the husband name. Is it 'Okonjo Iweala'?

The police should place a ransom , it wont take long , there will be confusion and before you know it ,one person wey know say that 1billion no go show, go just koba the rest and mama will be back home in time for xmas

truth4meal: how i wish these kidnappers can demand for good governance and not corrupt currencies.

how can you kidnap the finance minister's mum and demand good governance?is she the sole cause? abegi,kidnap their mamas & feed ur bellies.gud governance can wait.they shuld tank God they aren't systematically killing them one by one.it must come to d point where u draw d ears of ur loved ones in govt to sit up & stand 4 the poor & downtrodden in society

I dont think the idea is to collect money, the amount is absurd.

I think someone is trying to make a point. I assume this will avert the final oil scam deregulation 419, Okonjo is masterminding !!

Okonjo has been very stubborn, the bigger boys just proly trying to remind her.....

[size=18pt]YOU CN BE TOUCHED[/size]

Let the Ibo race, say prayers for thier HERO's mum ooooh.

Okonjo is the most powerful ibo descendant in Nigeria.....

Mazeltov...... and happy christmas........

you're sick.

stantob: This is just the beginning.Next will be the the IG mother if he has, or his father.Wicked leaders.

Na wah for you. You are not harsh sha its only a challange to the IG. OGA IG raise up to the challange.

Remii:

she is married to Prof Iweala

hmmm, ok o. I thought the name's dat of her father. however, I noticed that not much is heard of the man

aduje: too much book...na she marry the husband. QED.

Wise observation indeed, it apparently seems she's the man.

Selling off two or three of the useless presidential jets that Joe has, will equal to the ransom money for the Queen.

It is sad indeed to see "some Nigerians" praise/condone the act of kidnapping in whatever way or form. It could happen to anyone and should not be accepted at all. Ngozi Okonjo Iweala is obviously doing something right by Nigeria hence the threat by some corrupt people to make a point.
I advise those "ignorant Nigerians" insulting her to conduct their research in order to understand her decisions thus far. She is highly valued here in the US and it is an irony that the people from her own home country do not understand her value to the country...smh

Nevertheless, I pray that her mother is found quickly and all the culprits will be brought to book.

dayokanu: If dem give them $1bn, How dem wan take count am finish?

The money will be paid into a foreign account.