Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity. Martin Luther King, Jr.



http://www.nigeriavillagesquare.com/obafemi-awolowo-archives/exclusive-chief-obafemi-awolowo-on-biafra-in-his-own-words.html

TWENTY POUNDS POLICY

That’s what I did, and the case of the money they said was not given back to them, you know during the war all the pounds were looted, they printed Biafran currency notes, which they circulated, at the close of the war some people wanted their Biafran notes to be exchanged for them. Of course I couldn’t do that, if I did that the whole country would be bankrupt. We didn’t know about Biafran notes and we didn’t know on what basis they have printed them, so we refused the Biafran note, but I laid down the principle that all those who had savings in the banks on the eve of the declaration of the Biafran war or Biafra, will get their money back if they could satisfy us that they had the savings there, or the money there. Unfortunately, all the banks’s books had been burnt, and many of the people who had savings there didn’t have their saving books or their last statement of account, so a panel had to be set up.

!.On no occasion did awo state that people fleeing pogroms transferred or took their savings back home, a person fleeing killers has no time
for such matters and the policy was predicated on the looted pounds in central bank branches,do individuals save money in Central bank branches?

2.In the sceond Bolded part , its either Awo was a dimwit or reveled in stupidity,"all the banks’s books had been burnt", All which banks, the banks in Lagos, Kano, Ibadan, Maiduguri, jos etc books were burnt, the savings of Igbo Soldiers, Policemen, railway workers,teachers etc
An impossible statement, if Bank books could get burnt , how do expect people who passed through years of hell to produce passbooks or statements of account,unless someone has passed a tumbler of stupidity to you.

It is quite unfortunate that a search on this issue has Nairaland as its top source, sowing the seeds of ignorance with the confidence of
donald Trump



https://groups.google.com/forum/#!topic/usaafricadialogue/nzQaJ3uhoOI

THE CASE OF ENWEZOR V. CBN REVISITED.

“I write with reference to your letter (Ref – FRAW/AO/CB/11/71 of 8th October, 1971 to inform you that your client’s entitlement as a depositor was £20 ex gratia award authorized by the Federal Government”

Signed by E. N. ISONG
Governor of Central Bank of Nigeria

As applied by the Supreme Court of Nigeria in the celebrated case of CHIEF J. J. ENWEOZOR V. CENTRAL BANK OF NIGERIA (1976)1 ALL NLR PAGE 252 AT PAGE 256.

This letter, dated the 18th day of October, 1971, signed by E. N. ISONG, the Governor of the Central Bank of Nigeria, addressed to Chief F. R. A. Williams, an eminent Nigerian Lawyer, is a reply to Chief F. R. A. Williams enquiry from the Governor of the Central Bank of Nigeria why his Client, Chief J. J. Enweozor, described as a Nigeria citizen ordinarily resident in Onitsha, who in response to the CBN’s directive “on the 7th of April, 1970, paid to your bank the sum of £26,659 (Twenty Six Thousand, Six Hundred and Fifty Nine pounds) as per receipt no ESOO5055 dated 7/4/70 in old Nigerian currency notes” is yet to be paid his money in the new currency.

The shameful story is a stressed fact in Nigerian History. Yet it always compels repetition. The fact is that after Chief J. J. Enweozor and his Biafran folks, having been mercilessly massacred in all parts of Nigeria, particularly, the North, a savage and barbaric genocide unleashed on them, ‘shooting of everything that moves’, applied as a doctrine against them, starvation employed to annihilate the unborn and the children, Gowon, the Nigeria head of State, the architect of their woes, was so kind and so zealous in reconciling with, and rehabilitating them that he gratuitously offered them from the milk of his Gowon – Nigerian heart, a gratuitous £20 (Twenty) pounds in exchange of any amount whatsoever they had ever earned within the Nigeria context.

Of course, neither Chief Enweozor nor his coun

sel, Chief FRA Williams of blessed memory was impressed by this Nigerian-brand of benevolence. Consequently they sought remedy from the court, the supposed last hope for the common man.

The fact of this case is mutual between the parties. It behooves emphasis even at the risk of repetition. As told by Mr. Sule Okponubi, the sole witness of the Central Bank of Nigeria:

“The Federal Government requested the people from the East central State to exchange their currencies, both Biafran and Nigerian. We sent out teams to accept the deposits. This was in 1969/70. After all the deposits had been accepted, the Government directed that the Defendant should make an ex gratia payment of £20 each to all of them. As a result of this direction, the Defendant was not able to exchange the deposited amounts, whether Biafran or Nigerian”.

The case was dismissed by Savage J. of the Lagos High Court who, after considering the Decrees and subsidiary legislation governing exchange or conversion of old currency note to new ones, held that “the action was misconceived because the Governor of the Central Bank of Nigeria had not exercised certain discretionary powers vested in him under the law”.

Up to the Nigeria Supreme Court went Chief Enweozor in desperate quest for justice. On hearing the case, the Supreme Court was supremely confounded by the obnoxious provisions of Decree No 11 of 1968, a draconian legislation that surpass the worst in the annals of jurisprudence.

Consequently, the Nigeria Supreme Court in sync with its Nigerian gusto found that the law applicable in this case, the Currency Conversion (South-Eastern and other states) Decree No. 11 of 1968, at all times material to this case is not applicable to the East Central States of Nigeria – The Biafran enclave. The Supreme Court placed reliance on section2 of the Decree which provides inter alia that the Decrees:-

“shall apply to all States of the Federation, so however that nothing in this Decree shall extend its application to …….East Central State……..until a direction of the Head of the Federal Military Government given in such a manner as he may think fit, and in the discretion of the Governor of Central Bank of Nigeria published in the Gazette at any time any such discretion is given, or at any time thereafter.

In the characteristic Nigeria swagger, the Supreme Court held that:

“there was no evidence that a discretion had either been given under section 2 or that it had been given and published in the gazette. We must therefore conclude that it has not been established by evidence that Decree No. 11 of 1968 was applicable to the …….East Central State”.

Not yet done in curtailing the effrontery of Chief Enweozor in taking Nigeria to court, the Supreme Court, although it acknowledged that it was not necessary for the determination of the appeal before it, waved a sword of Damocles from the Decree in an obvious threat against any similar effrontery by the ilk of Chief Enweozor. Accordingly, the Supreme Court reminded all of the “mischief” aimed at by the stringent provisions of the Decree. The Supreme Court emphasized that the exchange of the Nigerian old currency for new ones can take place “only where so authorized by law” as provided by section 1B of the Decree which created offences in relation to the exchange of currency. Of much significance is sub-section D which made it an offence for any person.

“by any means to move or cause to be moved from a part of Nigeria where the time or extended time for conversion of former currency under this Decree has elapsed, into any part of Nigeria where former currency has not been converted, or as the case may be, action to convert has not commenced or if commenced, has not been completed under this Decree”.

The exchange of the old Nigeria currency for new one in the East Central State of Nigeria, as the Supreme Court found, was never “authorized by law”.

Accordingly Chief Enweozor and his counsel Chief FRA Williams of the blessed memory came to the rude awakening that in Nigeria, courts are anything but the last hope for the oppressed.

Please Note the term MD, maximium demand customers, this does not apply to aaverage tom, dike and harriet.
dont, get you hops high

Customer80:
you know nothing about enugu rice farming, its only ebonyi that can compete favorably with Enugu in the south east and south south.
We ain't noise makers brother, my local government alone Aninri where Ekweremadu is from is a major rice producer, go to nkanu nomeh precisely, go to uzouwani, these are major rice hubs in enugu

Bia, did you read to reply or did you read to Understand, if we add the whole land area of Aninri, Nkanu east and west, and Uzo uwani,
would it be up to 600,000 hectares.

It is not about being noise makers, but about Telling lies and deception,do you realize , if we consider this useless report as true, then
there would be only rice farms in Aninri, no palm trees,no cashew , no houses , i am quite sure you are less dense..than lawrence Ani

These lies have to stop in this country, we give figures that are not in line with reality, sorry to say the Mediocre Piggy
at Enugu and his imps use falsehood to deceive the people

As one of the leading rice producers in Nigeria, Enugu State has recorded a steady output increase. From a yield of 1.5t/ha rice output has grown to an impressive 4t/ha – 5.6t/ha. Last year, over 600,000 hectares were cultivated resulting in the estimated total production of 1,800,000mt.

A good Look at this figure would reveal it's impossible to achieve, first 600,000 Hectares is 6,000Km2, Total landmass for
Enugu is approx 7,700 Km2, are these fools telling us that 80% of Enugu land is Under rice production, any one who has been to
Enugu knows this is a lie, second part, if yield is 4-5.6 ton/HA, then total production would be higher than 1.8 million tons

This stupidity is replicated across most states, which why dimwits like garba shehu,Emefiele,ogbeh,ganduje can quote
amazing figures which do not Reflect in FAO stats,

No Nation can develop on LIES and FALSEHOOD

OK , lets play ,....Its friday , There is time to end debates and wrong info,the average 170 Bn per year was to enable straight line comparison
not to validate ignorance, if you paid more attention you would have noticed that converting the NIPP money at the exchange
of the times of contracts would give lesser amounts.

But you saw its as a justification of ignorance and that is the pity, i have done dollar conversion of a majority of the disbursed
expenditure on power, using a blended average of the exchange rates you provided and the figures from the Senate hearing link.

I have left some for you to do , so we can be on similar wavelength and banish false date to limbo.The budgetary expenditure
in brackets, dollar equivalent after equals sign

realjoker:
Seems like we are on the same page, I am always ready to criticize the current government spending on power but not with people who refuse to agree that PDP failed woefully on power..

with the bolden statements, your #170b average spending has vindicated my $24b claim, you can't use an average of #200 to calculate the dollar term of money spent at a time when
Dollar exchange for as low as #120.
This is the exchange rate From 1999 - 2015
1 dollar to Naira

1999 21.89 (88-90 PM)

2000 85.98 (105.00 PM) >>>>(( 50 BN) $581 m

2001 99-106 (104-122 PM)...((71 Bn)) $686M

2002 109-113 (122-140 PM) ....((41.2 Bn)) $371 M

2003 114-127 (135-137 PM) (( 5.2 Bn) = $43M

2004 127-130 (54.65) = $425 M

2005 132-136 (71.9) = $ 536m

2006 128.50-131.80 (74,3 Bn)= $ 517M

2007 120-125 (99.8 bn) =$814 M

2008 115.50-120 (112 BN) = $957 M

2009 145-171 (87 BN) = $550M

2010 148.21-154.8 (70 Bn) =$463M

2011 151.05-165.1 (61 Bn) = $386M

2012 155.09-161.5 (53.5 Bn) = $338M

2013 153.21-162.9 (49 Billion released) = $312M

2014 170-199 (48 billion released) = $260 M



2015 199-300


https://en.m.wikipedia.org/wiki/Nigerian_naira

Running totals for Budgetary expenditure $7.2 Bn + $8.23 (NIPP) + $ 1Bn Interventions

i am quite sure it is less than $24Bn except if you like inflating and jokes, no one is saying APC has failed, not at
all but we are all wary of false hopes, false figures, which is why we should put their foot to the flame.
PDP failure should not be an excuse for an APC non performance.

That is why i provided the Link, the Ministerial Budgetary Breakdown , release funds were included, which is what made the total
2.74 Tr Naira.Is all there on the Page. Now if you do a yearly breakdown , you would see that on Average
170 Billion Naira per annum was spent on Power in those 16 years.

That expenditure gave over 6000MW installed capacity, some 330,132, 33 Kv transmission lines and more.The recurrent expenditure
staff salaries, for NEPA PHCN ,was also inclusive
In 2016 almost a 100 billion was devoted to power, without PHCN cost , yet we cannot point to any new capacity completed or not
Another 702 Billion would be spent in the Next 3 years,

The main concern is if those who spent 170 Billion /year failed, why would you make excuses for those who are budgeting to spend
over 270 billion, should we not hold their feet to the Fire

realjoker:

then what should we call the party that spent $24b on power and couldn't give US constant 4,000MW let alone 40,000MW after 16 years of being at helm of power?

Sir , Can you prove this, can you give a break down of the 24 billion dollars, do not throw figures at random, such is the curse of
the Nigerian existence, you did not answer or reply any of the concerns raised , just a unhinged reply....quoting absurd figures.

http://www.vanguardngr.com/2015/09/power-obasanjo-yaradua-jonathan-spent-n2-74trn-in-16-years/