dedeike:

Nothing else further showcases the hypocrisy of opposition politicians in NIGERIA than the current drama in Ekiti. All cases of thuggery and violence are attributed to the PDP. The AC is innocent even with fayose as an ally. Jide Awe, AC Chieftain in EKITI, had no problems with the exercise  until he found out that his party had lost IDO OSI and the remaining 3 Lga's. if no body cried foul when FAYEMI returned 87% of registered voters in his Lga, why the brouhaha over the 15,000 votes(39% of registered voters in ido osi) scored by PDP in IDO OSI,which is Ex-Governor Oni's LGA. why would people think that Senator AYO ARISHE, a serving senator who contested AC guber ticket with FAYEMI, is so unpopular that he cannot win his own ward(oye 1 and 2). is it not becoming clearer by the day that some people,who know they cannot win, are sponsoring the violence in oye. Increasingly, those who called for the deployment of soldiersi norder to guarantee a peaceful election are being vindicated. Nigeria will be a better place, if we view things objectively whether PDP or not.

Nobody cried out over the result posted from Fayemi's local government area because there was nothing to cry about. There were however cries about the result from Ido Osi because of the following.          "Before Mrs. Adebayo’s meeting with INEC chair today, her assistants told Saharareporters that she decided to abandon the election in Ekiti when the Commissioner of Police in the state brought a ready election “result” from Ido-Osi local government. When Mrs. Adebayo asked the Electoral Officer (EO) seconded from Osun State how he came about the results, which lacked the signature of the Polling agents, they said the EO told her they had compiled it at a police station in Ido-Osi. (When she made it clear she was not accepting it), Mrs. Adebayo then started receiving threats and pressure."

Also take cognisance of the following. "the local government office where the collation was to be done was later burnt down so as to destroy the evidence - the ballot papers which would have shown that only one person had thumb-printed the ballot papers.
If the result is accepted there won’t be evidence for a subsequent challenge in court by the losing party."

http://www.saharareporters.com/index.php?option=com_content&view=article&id=2628:-shakedown-yaradua-rejects-mrs-adebayos-resignation-orders-her-to-complete-ekiti-election-&catid=1:latest-news&Itemid=18

A major oil exporting country doesnt have enough refine petroleum to power its vehicles (substantially run down dilapidated vehicles). What a nation of clowns.[i][/i]

Fuel shortage spreads, commuters face hard times

Queues were noticed at some filling-stations in the morning and by 4pm, scores of fuel stations around Lagos without petrol were closed while chaos reigned in a few stations that had the product.

Touts also stormed the few filling-stations that had fuel, causing commotion while buying fuel into jerry cans, which they would later resell on the roadside at exorbitant rates.

Motorists were sighted driving into filling-stations to fill their tanks.

Pump attendants had also begun to take advantage of the situation to extort money from motorists and motorcyclists before they would sell fuel to them.

Meanwhile, for the third day running in Osun State, motorists and residents faced biting fuel scarcity as long queues returned to filling-stations.

At the NNPC mega station along West-bypass in Osogbo, our correspondent observed that the queue was about 500 metres long.

In Ibadan and other key towns in Oyo State, our correspondent observed that the scarcity was biting hard.

Long queues of vehicles were sighted in a few stations that were selling fuel on Tuesday.

Our correspondent found that operators of the few filling-stations that had fuel cashed in on the situation to increase pump prices.

The Secretary of the National Union of Petroleum and Natural Gas Workers, Lagos Zone, Mr. Nojeem Korodo, told one of our correspondents that the oil depots were empty and that the tanker drivers could not get petrol to lift from the depots in the South-West.

“The situation has nothing to do with our members; we are ready to lift products. You should ask the NNPC about what is happening to product supply.”

Operators in the downstream subsector of the oil industry blamed the scarcity on inadequate supply of petrol due to the reluctance of major petroleum products marketers to import fuel as a result of uncertainties over the Federal Government‘s deregulation policy.

Sources also told our correspondent on Tuesday that the Warri Refinery had suspended production of petrol, owing to a technical hitch in the Fluid Catalytic Cracking Unit, which has worsened fuel supply.

When our correspondent contacted the Executive Secretary of the Major Oil Marketers Association of Nigeria, Mr. Femi Lawore, on the cause of the scarcity, he reiterated his previous statement on Sunday that there would be fuel shortage nationwide because of government‘s indecision on deregulation.

Lawore had said that the marketers were still waiting for guidelines on how to proceed on deregulation before they would make any major commitment to product importation.

According to him, ”Without the guidelines being spelt out, we do not believe that we have deregulation in place.”

He added that even if all the outstanding arrears on subsidy claims of marketers were paid, the companies would not import fuel unless they had an assurance from the Federal Government that they would be paid subsidy on imported products subsequently.

It was gathered that the oil marketers had almost stopped contributing their own share of supply of about 16million litres of petrol per day out of 32million litres daily demand nationwide, leaving the NNPC, which was hitherto supplying 16million litres of petrol per day, to find means of bridging the gap.

The Federal Government had on February 27, 2009, approved the full deregulation of the petroleum sector, ostensibly to end subsidy.

However, since then, government had not taken steps or roll out guidelines that would give teeth to the policy.

All efforts to speak with the Group General Manager, Public Affairs of the NNPC, Dr. Levi Ajuonuma, on the cause of the scarcity were unsuccessful as he only promised to call our correspondent back when he picked one of our numerous calls at about 4 p.m.

He did not return the call or pick further calls at about 8pm.

However, he had told our correspondent on Sunday that the corporation was up to the task of meeting the nation‘s petrol demand while the oil marketers were waiting for clarification on deregulation.

Our correspondent had gathered that the marketers were importing in trickles to avoid heavy losses in case subsidy was not paid or was delayed.

However, analysts believe that the NNPC is not likely to be able to import enough to satisfy local demand.

Meanwhile, the timely intervention of the men of fire services on Monday night prevented the Warri depot of the NNPC from being razed.

The fire, however, ravaged the sprawling temporary settlement opposite the depot and destroyed property worth millions of naira

http://www.punchng.com/Articl.aspx?theartic=Art200904293331153

Our legendary cowardice in the face of excruciating abuses makes us a big disgrace to humanity. Rather than take our fate in our hands to act to overcome our humongous and growing problems we sit our dirty arses waiting for God to come down from heaven to solve our problems for us. The mentally retarded ones  that call themselves politricians, evil servants, bank damaging directors, etc are unable to comprehend the damage they inflict on themselves and the society by their rampant thieving. How are they supposed to comprehend the effects of their actions since their brain is full of mucus. The tragedy of our situation is that the followers too are mentally challenged. Hence the deplorable state of an otherwise prosperous nation. I say let Britain re-colonise Nigeria since from all indication we are unable to do what needs to be done to improve the situation of our country.

Each time my mind goes to nigeria I always feel like vomitting because that hell hole is so disgusting, yuck yuck. How I wish the UN can give Britain the go-ahead to re-colonise that place. 98% of our people (with the exception of the leeches that constitute 2%) will be better off.

Where this "babe" dey now??

This is the type to girl that gives our women bad image. You just met a man and you want him to start buying you food. Why cant you feed yourself. Where is your pride? Why must you make yourself a parasite? What is the difference between you and ashawo? Ashawo ask for money for seeing a man. You were asking for food for seeing the man. You are just like so many Nigerian girls that ask a man for recharge card the very first time she chat wth him as if the man manufactures recharge card. If I were in his shoe I would have bought the food for you, pound your pussy and then move on (sex for food).

theforce:

"Nigeria is a useless country"? Clown, fraud happens everywhere in the world,
It is not a Nigerian thing,

No, you are the clown.

There are fraudsters in other societies (you can mention maddof of USA). In sane societies you are jailed and disgraced when caught and outed as a fraudster. But in Nigeria known fraudsters are celebrated and awarded chieftancy titles. They wear their crookedness as a badge of honour. Convicted fraudsters (remember Ibori) are the movers and shakers at Aso Rock, the seat of our federal government.

GoldCircle:

This indeed portrays the level of moral decadence that pervades today's Nigeria especially with the youth! I mean how can some1 make such comments! I can smell low self esteem here (no harm intended), but please nobody will bring you down if don't put your self down for them to trample on! I am a first class citizen in Naija & I am don't foresee any1 from my immediate generation washing toilets for anybody overseas!

Thank your stars that you belong to the parasitic 5%. Thousands of our people get drown in the sea every year in their effort to escape to Europe to do that toilet cleaning job. That is the choice your Nigeria have made available to them. If I am a graduate from Nigerian university and my father or uncle or their friends are not shareholders in MTN, Glo or the money laundering banks and none of my relative is a top evil (sorry civil) servant in the public sector or a politrician (sorry politician) and I have wasted years after graduation searching fruitlessly for jobs that are not there for those who have no connection with or link to our crooked elites, I would gladly take an offer to become a toilet cleaner in Europe. You know what? In Europe toilet cleaners buy houses, buy cars, travel abroad on holidays and bring up their kids in a sane society. Besides, doing the toilet cleaning job is just a means of starting all over again. Many end up retraining and becoming highly paid professionals. I respect those people thousands times more those "my father's friend got that bank job for me" types because the former are overcomers having faced adversity and confronted it head on.

Chei! Nigerians have some fine buildings and roads in their country. Are the few roads and buildings (less than 15% of our stock) what we have to show for the hundreds of billions dollars earned so far by us from oil? We would rather steal public funds and use it to build big mansions and buy big big cars rather than use the earnings prudently to improve the lot of majority of our people. Nigeria is so beautiful and such a heaven on earth that so many of our people have chosen to die on the sea while escaping to Europe rather than remain in the hell hole that Nigeria has become. We no dey shame say we dey compete with Somalia, Chad and Ethiopia for the last positions in terms of poverty and human development index. And we claim we are not mentally retarded!!!

$osisi,

Why not just thank your stars that you were not born into extreme poverty. To the poor it comes to a point where to die is better than continuing to live a life of no prospect whatsoever. if you are privileged you will not see what the less privilege are seeing. In fact you will be wondering why some people are poor while you are so confortable. The ability to feel the pain of our less privileged brothers and sisters is what makes us human. Not the number of hummers we have in our compound.

Forbes would have compiled that list based on public available information but the publicly available information is false. It is the failure of CBN to release credible information about these banks that is fueling the so called rumours. But we all know that there is no smoke without fire. In an environment of lie lie you need to be creative in order to protect yourself. You will have to use available evidence and even rumours to make your own decisions. If Intercontinental Bank is so strong why reduce the salary of it's staff by a whopping 30%? Thanks to Soludo Nigeria now have banks that are not banks but money launderers (na dem dey help politicians and public servants steal our government money) managed by criminals.

Yara'dull not fit sleep abi. Why cant this murla drink valium?

Let the Swiss Government keep the money in trust for Nigeria. They must not release the money to the aninis (notorious criminals) in Abuja claiming to be our leaders.

A debtor has the right to prioritise her debt. A reasonable debtor whose house rent is about to fall due, for example, will first set aside money for her rent and then defer settlement of other creditors if she doesnt have enough money to pay the rent and the creditors at once. It doesnt make sense to settle a bill with your last dough without making provision for emergencies.

The poster has succeeded in taking you guys on a wild goose chase. Stuffs happens in Nigerian banks but not this type. The so-called friend cannot risk her/his job because of N80,000 because there was no away she/he was going to get away with it without being detected. Once detected, the penalty would be summary dismissal. This thread, as someone rightly pointed out, was started by someone with the aim of tarnishing the image of GTB. The attempt is too cheap though.

Roughlen:

@kobo

He didn't cause the oil boom but he resisted the pressure from several quarters for him to fritter the foreign reserve away as many argued then that there was no need to be piling up so much foreign reserve.

When the price of crude oil crashed and our inflow of dollars depreciated remarkably it was the accumulated foreign reserve that was used to meet the demand for FX ( and is still being used) that resulted from the higher outflow else the Naira would have depreciated even worse than it did.

I cant remember anyone advising Soludo"to fritter the foreign reserve away" . What people were clamouring for was that the oil earnings be applied to rejuvenate the country's decayed infrastructures rather than being kept in the bank. An improved infrastructure, particularly regular power supply, would have helped to substantially improve our industrial productive base thereby diversifying the source of our foreign exchange earnings and also would have considerably reduced our import bill. The level of our foreign reserve is fast depleting (the actual level is now a state secret) and soon, particularly if the bust in the oil market continues much longer, we are going to have nothing to show for our huge earnings during the unprecedented oil boom and the fall in the exchange rate of the Naira against other currencies will get worse.

SegzyJoe:

@outlukbabe

However, from my own perspective, Soludo is Governor in the Era of prosperity. He could hardly use his intellects to for see problems and challenges.

So there was prosperity in Nigeria before Soludo take over as CBN Governor? Na wa for Nigerians o. why don't you look at the statistics. from a growth rates that oscilliate btw 2.5 and 3%, Soludo grew Nigeria's economy to the peak of 7.8% above the 7% MDG growth rate for developing countries. Now he's only good at managing prosperity. Maybe other CBN Govs of other affected economies elsewhere only knows how to manage prosperity and not recession.

erm, so Soludo engineered the rise in oil price from a low $22 per barrel to $147 per barrel?. Do I need to tell you that the growth in the GDP mentioned in your post was as result of the oil boom not the result of the economic wizardry of Soludo? Illiteracy or little-literacy is really doing our country a lot of harm.

OREAWADOO:

NA JUJU HOUSE BE THAT

Chei!. This internet no good for business ohhh.

Chei!!! This is the only industry Nigeria has by all means excelled in. Which other country has been successful as we are in exporting scammers (sorry men of god) all over the world?

Intercontinental Bank is doing so well that it decided to reduce the salary of its staff by a whopping 30%. The bank is definitely on life support. Run Run Run with your deposit before they close shop.

Sagamite:

If it is one of those salvation churches, then the tithe will be more like N35K or else he does not love God.

Those criminals (sorry men of god) are really laughing their ways to the bank thanks to the large number of mugus (sorry church members).

Quote
He need to be replaced with a more competent person.

the next apointment will shock us all . that person will be an almighty waste of space person . you watch we are in dooms land, already.

Sad, very sad.

@Kobojokie,

Our country (Nigeria) is in deep shit!!!!!!

Soludo happens to have been the CBN governor when the price of our oil rose to the rooftop. He rode the waves of the oil boom. They showered him with all sort of useless awards and he started seeing himself as a genius. The oil bubble has busted but his supporters are saying that our economic crisis is not the fault of King Soludo but that of the worldwide financial crisis. The contradiction in their position is shouting hard to be noticed.

Talking about his bank consolidation, we now have banks (substantially money laundering outfits) that we cannot afford to allow to fail because of the resulting systemic effect on the rest of the economy. But the reality is that today many of the consolidated banks are on life support (technically dead). They are still kept alive by their unlimited access to loans from the CBN.

Soludo has outlived his usefulness. He need to be replaced with a more competent person.

Sorry oh. Soludo supporters I am neither Yoruba nor Hausa.

Landis,

Thanks for a very useful post. What is too good to be true is most times not true. The above proposal is by all means less than honest.

Find a way of telling him. Like "do you usually have garllic in your dinner cause the garllic kind of gives you not too nice breath". You can then explain how much more effective brushing habit and use of mouthwash gives people nice breath. He will respect you in future for pointing that out to him rather than have it embarrass him in the public. Those that have bad breath and even body odour in most cases do not know that they do.

It happens not just in Naija. I fell victim to the scam at West Croydon in London. Two white guys in a car sold a bunch of potatoes to me for a used laptop computer. The trick worked because I was running late to the airport to catch a flight to Nigeria. The scam cost me £200.

Can someone please recommend a reliable car shipping agent based in Germany, preferably in Frankfurt. Thanks in advance.

@Obua

Thanks