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  • Re: State of the Nation Post #227676
    Posted at: 1:37 pm, 31st Oct 2014
    by migiets. SMN . Joined: 1st March 2008. Thanked 167 times.

    bamidele97;227671 wrote:
    Sir Migi you say something no dey happen dem show you See e don happen before.
    You day na common sense now you dey ask under which law.
    Wasn't there common sense in 1979?
    Keep shifting the goal post but while you're at it be careful not to waltz into a swamp.:D:D

    Wetin concern me. I do not bother myself with fights of politicians. On the other hand, i like their fights. According to one OAP, he said that if there were no political fights, there would be nothing for them (OAPs) to talk on radio. So let the fight continue. People shouted and made noise about SLS suspension. Today, SLS and GEJ are dining together at Aso rock. Where are those that were shouting that it will never stand?. I did not see them carrying placards.

    Btw, i still maintained that it is common sense for a party with majority to head a house unless they decided to back somebody from a minority party as somebody has just said in the case of Ume-Ezeoke when NPN backed NPP to produce him.

    when you become President, you can decide to back somebody from an opposition to head the house. It does not concern me. Me, macer Migiets will never and i repeat will never do that.


  • Re: MarketWatch Post #227675
    Posted at: 1:33 pm, 31st Oct 2014
    by nosa2. SMN . Joined: 23rd October 2008. Thanked 249 times.

    Oracle;227658 wrote:
    Hmm.. Cadbury is losing close to 10%.

    That stock don suffer.:D
    Dexter77;227661 wrote:
    Oh good. So if I place a purchase mandate with my brokers for 1 billion units of the stock at the forward-looking price of NGN 0.01, I'd still be a minority shareholder, considering the other heavyweight holders present.

    Investopedia should look to Unity Bank for a live definition of a zombie security. :)
    cecemontero;227666 wrote:
    I pity the people that jumped in after the reconstruction......

    It has lost more than half since then :D:D:D
    chudinho;227670 wrote:
    One of the best news/innovation I have heard from NSE in a while.


    HAHA!!! ARMED ROBBERS!

    Una no know say some people wan lose many money :D:D:D:D


  • Re: MarketWatch Post #227674
    Posted at: 1:31 pm, 31st Oct 2014
    by nosa2. SMN . Joined: 23rd October 2008. Thanked 249 times.

    migiets;227650 wrote:
    At this price, there will be more than enough for everybody as they currently have over 118B units outstanding.

    Are you serious?!!! :D:D:D:D:D

    118B:eek:


  • Re: World Politics Post #227673
    Posted at: 1:26 pm, 31st Oct 2014
    by NiGSoro. SMN . Joined: 4th June 2007. Thanked 7 times.

    Burkina army seizes power after uprising - Vanguard News

    After killing your best friend to become military head of state, transmute to civillian dictatorship, lost power to the military, the circle is nearly complete for Blaise Compaore.


  • Re: State of the Nation Post #227672
    Posted at: 1:15 pm, 31st Oct 2014
    by Dicobody. SMN . Joined: 21st September 2009. Thanked 39 times.


  • Re: State of the Nation Post #227671
    Posted at: 1:15 pm, 31st Oct 2014
    by bamidele97. SMN . Joined: 5th November 2010. Thanked 74 times.

    migiets;227645 wrote:
    I do not think PDP is saying that Tambuwal should not sit in the lower chambers. It is presiding over it that they are concerned with. The party with majority produces the speaker at all levels and not the party with minority.

    When Adams and his APC party wanted to take over the Edo state of assembly, they convince several PDP members in the house to decamp. When they now decamp, APC now had majority while PDP had minority and that swept away the Speaker because a minority party cannot produce a speaker over a majority party. It is simple common sense. You do not even need a law or lawyer to interpret this.


    Oga Oracle, it is like you Totally enjoying security and official vehicle of NRC and then you move over to do a Mobility and yet you still want to Totally enjoy the security and official vehicle of NRC and you want NRC to Totally say 'please continue to over enjoy them' as the labour law says that you can do a Mobility if there is crisis in NRC.
    NiGSoro;227651 wrote:
    Edwin Ume-Ezeoke (1935 – 2011) - Vanguard News

    Exerpt from the link above:

    "Chief Ume-Ezeoke burst into the political limelight when he emerged as the Speaker of the House of Representatives after the general elections of 1979. It was the first (and only time since then) that the head of an arm of our bicameral National Assembly would emerge from a political party that did not win the majority of seats in the parliament".

    I think this settles the issue of whether a minority party can produce the speaker or not but on the issue of the legality of decamping, politicians have a way of making what seems to be patently illegal to become legal, depending on which side of the divide they stand.
    migiets;227653 wrote:
    What constitution was in operation in 1979 and which one is in operation in 2014?} . In addition, what were the provisions regarding the headship of both houses?.
    Sir Migi you say something no dey happen dem show you See e don happen before.
    You day na common sense now you dey ask under which law.
    Wasn't there common sense in 1979?
    Keep shifting the goal post but while you're at it be careful not to waltz into a swamp.:D:D


  • Re: MarketWatch Post #227670
    Posted at: 12:58 pm, 31st Oct 2014
    by chudinho. SMN . Joined: 11th December 2009. Thanked 49 times.


    One of the best news/innovation I have heard from NSE in a while.


  • Re: oando Post #227669
    Posted at: 12:54 pm, 31st Oct 2014
    by duduspace. SMN . Joined: 13th February 2007. Thanked 135 times.

    manemi;227660 wrote:
    Oando Plans 400-Megawatt Nigerian Plant After Purchase Bids Fail - Bloomberg

    While some keep doubting them the Cowboys are forging ahead.

    Their ambition has never been in question, only their integrity is doubtful and when you deal with those lacking in integrity, all bets are off. Deal with this company as if dealing with a snake when you make it an ally in hunting rodents, you can make money from it but don't for once ever become deluded into thinking the management or board are acting with your interest at heart.


  • Re: State of the Nation Post #227668
    Posted at: 12:53 pm, 31st Oct 2014
    by bamidele97. SMN . Joined: 5th November 2010. Thanked 74 times.

    nkpokiti;227665 wrote:
    For the record, Chief Edwin Ume-Ezeoke's emergence as Speaker of the House of Reps in the Second Republic need to be understood within the larger political context. There was a subsisting alliance between NPN (President Shagari's party) and NPP (former Preseident Azikiwe's party). The fallout of the alliance was the concession of some key ministerial and legislative positions to the NPP. It was therefore on the basis of that understanding that Edwin-Umezoke emerged as the Speaker of the House of Representatives.

    Alliances? Did FEDECO recognise that? I never knew our constitution reckoned with unwritten understanding.
    Since there is an alliance between LP and PDP does it mean LP can produce the Speaker of the house?


  • Re: State of the Nation Post #227667
    Posted at: 12:51 pm, 31st Oct 2014
    by NiGSoro. SMN . Joined: 4th June 2007. Thanked 7 times.

    nkpokiti;227665 wrote:
    For the record, Chief Edwin Ume-Ezeoke's emergence as Speaker of the House of Reps in the Second Republic need to be understood within the larger political context. There was a subsisting alliance between NPN (President Shagari's party) and NPP (former Preseident Azikiwe's party). The fallout of the alliance was the concession of some key ministerial and legislative positions to the NPP. It was therefore on the basis of that understanding that Edwin-Umezoke emerged as the Speaker of the House of Representatives.

    My point is, the constitution did not prohibit it hence the alliance agreement took advantage of the constitution otherwise, some other ministerial positions would have been granted to the NPP. This is the practice of all majority parties the world over. In the alliance between NPP and NPN, NPP (though the minority at that point) actually had a stronger bargaining power as they had nothing to lose and NPN chose the lesser evil of conceding this to NPP rather than allow the UPN to enjoy that position and becoming more powerful. It is a case of rather than allow my adversary to eat my food, I will rather give it to a know stranger.

    This is why politics is a game but we have gone to the extent of making it a criminal game.


  • Re: MarketWatch Post #227666
    Posted at: 12:49 pm, 31st Oct 2014
    by cecemontero. SMN . Joined: 25th April 2007. Thanked 38 times.

    Oracle;227658 wrote:
    Hmm.. Cadbury is losing close to 10%.

    That stock don suffer.:D

    I pity the people that jumped in after the reconstruction......

    It has lost more than half since then :D:D:D


  • Re: State of the Nation Post #227665
    Posted at: 12:41 pm, 31st Oct 2014
    by nkpokiti. SMN . Joined: 13th March 2013. Thanked 7 times.

    NiGSoro;227651 wrote:
    Edwin Ume-Ezeoke (1935 – 2011) - Vanguard News

    Exerpt from the link above:

    "Chief Ume-Ezeoke burst into the political limelight when he emerged as the Speaker of the House of Representatives after the general elections of 1979. It was the first (and only time since then) that the head of an arm of our bicameral National Assembly would emerge from a political party that did not win the majority of seats in the parliament".

    I think this settles the issue of whether a minority party can produce the speaker or not but on the issue of the legality of decamping, politicians have a way of making what seems to be patently illegal to become legal, depending on which side of the divide they stand.

    For the record, Chief Edwin Ume-Ezeoke's emergence as Speaker of the House of Reps in the Second Republic need to be understood within the larger political context. There was a subsisting alliance between NPN (President Shagari's party) and NPP (former Preseident Azikiwe's party). The fallout of the alliance was the concession of some key ministerial and legislative positions to the NPP. It was therefore on the basis of that understanding that Edwin-Umezoke emerged as the Speaker of the House of Representatives.


  • Re: World Politics Post #227664
    Posted at: 12:21 pm, 31st Oct 2014
    by migiets. SMN . Joined: 1st March 2008. Thanked 167 times.

    Oracle;227659 wrote:
    Yes, Russia has the upper hand when it comes to winter. But don't overlook these EU folks. It is only when there is a stoppage in supplies, that you will know they have had a backup plan.

    Since US has shale oil, i guess their backup plan is also shale gas. :D:D.


  • Re: State of the Nation Post #227663
    Posted at: 12:17 pm, 31st Oct 2014
    by NiGSoro. SMN . Joined: 4th June 2007. Thanked 7 times.

    migiets;227653 wrote:
    What constitution was in operation in 1979 and which one is in operation in 2014?. In addition, what were the provisions regarding the headship of both houses?.

    Neither the 1979 nor the 1999 constitution made any specific provision for the headship of the House coming from any particular party. Today, if PDP were to fail to secure the required majority members to win an election to produce the headship of the House, they can dash the position to LP or APGA member rather than allow the main opposition party to run away with the position.

    What is at display today is one of the key short comings with our current constitution. To me the constitution is not the major problem but we the people as we have mostly traded national interest for personal interest. Few shared values.:deadhorse:


  • Re: State of the Nation Post #227662
    Posted at: 12:10 pm, 31st Oct 2014
    by migiets. SMN . Joined: 1st March 2008. Thanked 167 times.

    laso;227655 wrote:
    The case is already in court. By d time it wil get to supreme court, d tenure of those legislature would have expired. It is all politics,PDP has turned d table against Tambuwa and that is why they are asking him to go to court.

    PDP and GEJ are going to give Tambuwal the SLS treatment. They want Tambuwal to go to court to protest the withdrawal of his privileges. PDP will not go to court. If PDP has 1/3, they can reconvene the house with the Deputy Speaker presiding while Tambuwal will be prevented from exercising his position as a Speaker. The only option now left to him is to rush to the court.

    Time for me to re-apply for my part-time Law degree programme at LASU. Another Supreme court case that will terminate in 2034 is in the offing. It was disappointing when SLS chickened out.


  • Re: MarketWatch Post #227661
    Posted at: 12:06 pm, 31st Oct 2014
    by Dexter77. SMN . Joined: 19th May 2014. Thanked 18 times.

    migiets;227650 wrote:
    At this price, there will be more than enough for everybody as they currently have over 118B units outstanding.

    Oh good. So if I place a purchase mandate with my brokers for 1 billion units of the stock at the forward-looking price of NGN 0.01, I'd still be a minority shareholder, considering the other heavyweight holders present.

    Investopedia should look to Unity Bank for a live definition of a zombie security. :)


  • Re: oando Post #227660
    Posted at: 12:01 pm, 31st Oct 2014
    by manemi. SMN . Joined: 22nd April 2010. Thanked 55 times.

    Oando Plans 400-Megawatt Nigerian Plant After Purchase Bids Fail - Bloomberg

    While some keep doubting them the Cowboys are forging ahead.


  • Re: World Politics Post #227659
    Posted at: 12:00 pm, 31st Oct 2014
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 373 times.

    Salida;227656 wrote:
    Hehehe. Sir Oracle, is this true? We are yet to see that backup plan by the EU. Anyways, some of us had posited here that we would know who is "Boss" when winter 2014 comes.:)

    Yes, Russia has the upper hand when it comes to winter. But don't overlook these EU folks. It is only when there is a stoppage in supplies, that you will know they have had a backup plan.


  • Re: MarketWatch Post #227658
    Posted at: 11:58 am, 31st Oct 2014
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 373 times.

    Hmm.. Cadbury is losing close to 10%.

    That stock don suffer.:D


  • Re: World Politics Post #227657
    Posted at: 11:57 am, 31st Oct 2014
    by Salida. SMN . Joined: 11th July 2010. Thanked 244 times.


  • Re: World Politics Post #227656
    Posted at: 11:55 am, 31st Oct 2014
    by Salida. SMN . Joined: 11th July 2010. Thanked 244 times.

    migiets;227648 wrote:
    Russia-Ukraine gas deal secures EU winter supply

    BBC News - Russia-Ukraine gas deal secures EU winter supply

    I thought Russia was under sanctions?.
    Oracle;227654 wrote:
    Bros, Russia needs the deal badly. They are hammered from every corner. Oil prices, ruble decline, sanctions. So they need to secure this and hope to get revenue from it.

    Do you think EU will not have a backup plan in event that there is a disruption
    ?

    Hehehe. Sir Oracle, is this true? We are yet to see that backup plan by the EU. Anyways, some of us had posited here that we would know who is "Boss" when winter 2014 comes.:)


  • Re: State of the Nation Post #227655
    Posted at: 11:54 am, 31st Oct 2014
    by laso. SMN . Joined: 9th January 2012. Thanked 43 times.

    overload;227647 wrote:
    bros..am not a lawyer but i think there is a great need to obey laws in this country....the court has said that members in a fractioned party can leave and still retain their seat....

    i expect the PDP to test that at the Supreme Court and get a Landmark Judgement on this since it seems they feel a lot more grudged by this defections...cos i understand that legislators have moved out of other parties in the past to PDP and there hasnt been any furore the way PDP is doing now..

    The case is already in court. By d time it wil get to supreme court, d tenure of those legislature would have expired. It is all politics,PDP has turned d table against Tambuwa and that is why they are asking him to go to court.


  • Re: World Politics Post #227654
    Posted at: 11:50 am, 31st Oct 2014
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 373 times.

    migiets;227648 wrote:
    Russia-Ukraine gas deal secures EU winter supply

    BBC News - Russia-Ukraine gas deal secures EU winter supply

    I thought Russia was under sanctions?.

    Bros, Russia needs the deal badly. They are hammered from every corner. Oil prices, ruble decline, sanctions. So they need to secure this and hope to get revenue from it.

    Do you think EU will not have a backup plan in event that there is a disruption?


  • Re: State of the Nation Post #227653
    Posted at: 11:50 am, 31st Oct 2014
    by migiets. SMN . Joined: 1st March 2008. Thanked 167 times.

    NiGSoro;227651 wrote:
    Edwin Ume-Ezeoke (1935 – 2011) - Vanguard News

    Exerpt from the link above:

    "Chief Ume-Ezeoke burst into the political limelight when he emerged as the Speaker of the House of Representatives after the general elections of 1979. It was the first (and only time since then) that the head of an arm of our bicameral National Assembly would emerge from a political party that did not win the majority of seats in the parliament".

    I think this settles the issue of whether a minority party can produce the speaker or not but on the issue of the legality of decamping, politicians have a way of making what seems to be patently illegal to become legal, depending on which side of the divide they stand.

    What constitution was in operation in 1979 and which one is in operation in 2014?. In addition, what were the provisions regarding the headship of both houses?.


  • Re: State of the Nation Post #227652
    Posted at: 11:48 am, 31st Oct 2014
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 373 times.

    laso;227649 wrote:
    sir oracle,u need to go thru what oga solo wrote again.The circumstances are not d same for both parties.While d law allows APC legislatures to decamp to PDP(because of merger), it is a different things for PDP. I think ur question shoul b for legislatures from other parties like LP whose members decamp to PDP(without any merger or division)

    Yeah, I meant from any party to PDP. If what is meted to APC is also done by law to all others who leave their parties to PDP, then it is fair. If, however, it is done differently, then it is unfair.

    That is why I am saying that there should be a procedure for doing things here.


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