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  • Re: State of the Nation Post #237666
    Posted at: 2:15 pm, 30th Jan 2015
    by migiets. SMN . Joined: 1st March 2008. Thanked 181 times.

    PETERICHY;237662 wrote:
    Don't be deceived illegal bunkering has been there since the 70s with the era of Otedola and coys. .

    Abeg, also help me tell Oga Overload that illegal award of oil block has been there since the time of the likes of TY. ND militants don wise. This is the time to clean out and stack up before the prices of crude oil are stabilized by the stabilizer. :cool:


  • Re: Dangote Sugar Post #237665
    Posted at: 2:12 pm, 30th Jan 2015
    by mecatchcha. SMN . Joined: 19th November 2007. Thanked 18 times.

    Dr. Awo;237663 wrote:
    The Manipulation of prices that Goes on in NSE ehn, no be small thing! I finally became a believer after seeing what transpired in Dangote sugar today...

    Almost all through trading today, it ranged between 6.18 -6.20. Then about 10 seconds to the end of trading, gbam, over 5 million units traded at 6.82 and, Voila, We have a green day!

    NSE, I hail oh!!!

    Are you saying those trades of around 5M units didn't happen?


  • Re: State of the Nation Post #237664
    Posted at: 2:11 pm, 30th Jan 2015
    by Django. SMN . Joined: 28th February 2014. Thanked 29 times.

    NiGSoro;237638 wrote:
    A little coincidental history here:

    1999 - OBJ attended no debate and he won the election and became president
    2003 - OBJ attended no debate and he won the re-election and became president
    2007 - Sheu attended no debate and he won the election and became president
    2011 - GEJ attended no debate andt he won the election and became president
    2015 - GMB attended no debate and he will the election and became president

    If GEJ is still interested in winning a re-election, he should also boycott his arrangee debate (na advise o, make Oga waaan$$$$$ help me deliver to the appropriate quarter:dancing:)

    Nice historical facts... Besides, why should GMB (based on his surging momentum) attend the debate, with nothing to gain but everything to lose? It doesn't really make any electoral sense o! Sharp guyz, these APC people!


  • Re: Dangote Sugar Post #237663
    Posted at: 2:05 pm, 30th Jan 2015
    by Dr. Awo. SMN . Joined: 10th January 2008. Thanked 25 times.

    The Manipulation of prices that Goes on in NSE ehn, no be small thing! I finally became a believer after seeing what transpired in Dangote sugar today...

    Almost all through trading today, it ranged between 6.18 -6.20. Then about 10 seconds to the end of trading, gbam, over 5 million units traded at 6.82 and, Voila, We have a green day!

    NSE, I hail oh!!!


  • Re: State of the Nation Post #237662
    Posted at: 2:00 pm, 30th Jan 2015
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 22 times.

    overload;237645 wrote:
    stacked what??
    then why do they feel threatened that GEJ will loose elections
    are all the private jets and rollsroyce they are buying assets?
    For your info, illegal bunkering can be stopped and it will be stopped once we have a govt that has the political will to stop it come May2015

    Don't be deceived illegal bunkering has been there since the 70s with the era of Otedola and coys. .


  • Re: State of the Nation Post #237661
    Posted at: 1:57 pm, 30th Jan 2015
    by migiets. SMN . Joined: 1st March 2008. Thanked 181 times.

    Quote:
    However, Nigeria also today also displays a common problem in Africa. When a country is large - as DR Congo for example is - and insurgencies happen far away from the capital and commercial nerve centres (in Nigeria’s case Abuja and Lagos respectively), it can afford to ignore it. At 923,768 square kilometres (356,669 square miles), Nigeria’s is the 14th largest African country.

    I dey laff. Oga Overload wants Tompolo and co. to go and fight people that are very far away from you and that are not even disturbing your business of making money. To prove bravery or what?.


  • Re: MarketWatch Post #237660
    Posted at: 1:49 pm, 30th Jan 2015
    by Dicobody. SMN . Joined: 21st September 2009. Thanked 45 times.

    like the Hammerer go say,people go average down tire


  • Re: State of the Nation Post #237659
    Posted at: 1:26 pm, 30th Jan 2015
    by citizen. SMN . Joined: 27th March 2008. Thanked 35 times.

    Welcome to Linda Ikeji's Blog: Prof. Pat Utomi writes on the controversial Charles Soludo article

    The firestorm generated by Chukwuma Soludo’s well reasoned commentary on the place of issues in the 2015 electioneering campaign has somehow become the core of the campaign. What a way to come from outside and define agenda.
    Of course I do not agree with all the points marshaled by the erstwhile CBN Governor and Patito’s Gang member, but not to commend his citizen duty of engagement or indicate as reprehensible the resort to ad hominen bashing of the former Economic Adviser instead of providing Facts to counter the views he had raised.
    That is issues based campaign. I will myself raise logic to support and dispute some of the points in the Soludo intervention.

    I do agree with Soludo that issues matter. I also think that those who turn to divisive emotion-laden typecasting of others rather than issues pertaining to the well being of the Nigerian people do a grave disservice not only to democracy but to the long term common Good of all.

    The Soludo thrust of criticism sounds like an attack on the statist perspective that intervention can generate jobs and economic growth. Even as one who likes to see government out of the way, I find the approach worrying because beyond the Keynesian logic that brought the ultimate capitalist state, the US, out of the Great Depression with initiatives like the Tennessee Valley Authority in Infrastructure, there is more recent example of post 2008 global financial crisis and the stimulus packages of the Obama Administration, and now Europe turning to Quantitative Easing, not to knock the wall street / Main street tag team approach to ensuring prosperity. Soludo’s solutions sometimes sounded like Deepak Lal on the poverty of Development Economics. I think that if we see current oil price slum as an opportunity rather than a threat then we have to see a role for government in the way Lee Kuan Yew used state intervention when Singapore was prostrate in 1965, as Nigeria is today.

    This leads to another point I am not in agreement with Soludo on. He talks about cost of programmes and the fact that low oil prices mean you cannot finance a big idea. In 1965 Singapore’s main revenues came from rent for the British Naval Base and the British had decided to shut all bases east of Eden. The decision of leaders of the United Malay, National Organisational (UMNO) to eject Singapore from the Federation that was thought to be the only hope left. Singapore, out of pocket, and all dressed up with nowhere to go. Then they rolled up their sleeves, got creative, transmitted the right values and found leadership that inspired and had integrity. Today the small country probably has the largest concentration of billionaires per capital on earth.

    Here in Nigeria, shortly after self government, in the 1950’s, Nnamdi Azikiwe as Premier of Eastern Region was anxious to match the free education policy of Chief Obafemi Awolowo. Palm Produce did not fetch as much as Cocoa in the Market. The civil servants led by the new Permanent Secretary in Finance, Chief Jerome Udoji thought it could not be done because of limitations of money. Zik insisted and accused Udoji, in Parliament, of trying to sabotage his government.

    After 40 percent of the Eastern Nigeria budget of 1957 had gone to education and was still inadequate, the Ugoji team suggested the introduction of fees for Primary 1 and Primary 5. But leadership kicked in. A philosophy called “Ibu anyi danda” raised a formula that created a partnership between government, the communities and missionaries that enabled the East leapfrog the gap in education between the East and West.
    In both cases the difference was leadership. At the centre in Abuja for some reason that may be from exposure, or whatever, does not inspire as Lee Kuan Yew, Nnamdi Azikiwe and Michael Okpara did. Money is not everything in making dreams come through.

    Among the many lessons we will learn, if we begin to operationalize the cash transfers initiative of APC, a concept that helped Inatio Da Silva pull Brazil out of ‘potential’ into a global economic powerhouse, is that we may not need as much cash as Soludo projects and that corruption and goal displacement is so high in a bloated public service that the savings will more than be adequate. Besides from Kayode Fayemi and Rauf Aregbesola we learn that with such programmes in Ekiti and Osun that the numbers projected are often exaggerated. Given our abuse of census we are likely to find much fewer people in those brackets. Check with the Bill Gates Foundation on satellite imagery studies of target population groups.
    Having stated my major point of disagreement, it is useful to reflect on some other points raised by Soludo.

    His broadside on austerity measures pronouncement and the road to austerity is a true, fair and proper read. No question that we walked with our eyes open into a repeat of 1982. In many of my speeches and my 2006 book WHY NATIONS Are Poor, I recall how the Iranian revolution pushed oil prices into the stratosphere of USD 40 a barrel. We went reckless with champagne and even importing sand and big men bought Rolls Royces. We managed to borrow ourselves into a dept trap. On this round we moved up private jets and buying up Dubai.

    When this current boom started with India Rising and China producing I recall on several occasions calling for fiscal responsibility compact in which flows into the distributable pool, the FAC account, not go above $40 a barrel, with additional revenues up to $70 a barrel price going to a stabilization fund. This fund would be available were prices to drop below $40 to be used to ensure a constant budget funding up $40 in lean times. Beyond $70 it should flow into a future fund. I have been singing this song for several years but the technocrats say the politicians insist on sharing the whole money and say of talk about saving for a rainy day that it is pointless planning for the rain when it was already pouring torrents. My retort was what is so wrong in resigning to make a point and force public conversation to educate the people because these politicians may be greedy but they surely do not hate their children.

    They have only acted in ignorance. I point them to young Mahathir Mohammed in Malaysia who disagreed with the position of the then Prime Minister and spoke up. He was dropped from the government where he was a junior minister, and expelled from The United Malay National Organization (UMNO) the dominant party at that time. Out of government he wrote a book: The Malay Dilemma. That triggered soul searching that finished with the resignation of the Prime Minister. He was brought back into the Party. Not long after Dr Mahathir Ibn Mohammed became Prime Minister and the history of Malaysia changed for good.
    What does it take to lead such change- Genius? No.

    I draw from the Ronald Reagan experience in the US. President Reagan was not a genius. Some think he probably already had Alzheimer disease when he entered the White house. But his values were clear as was his vision. He found the right people and an America, in retreat, was revitalized, opening the way for teen and twenty American young stars to create a new industry with the .com revolution. Ironically, I have said elsewhere that the Buhari movement somehow reminds me of the coming of Ronald Reagan.

    Let me close with a caveat. My response is a citizen response. My prism on this is not partisan. But I am a card carrying member of the APC. The emergence of the APC is a culmination of my life’s quest as an institutionalist to see the dynamic of two balanced political parties.

    I was sure that without competition between parties that are equals progress would continue to elude Nigeria So I longed for and worked for the scenario we have today.

    But I see in the torrent of abuse on Chukwumah Soludo for speaking truth to power and worry this thing we have worked hard for, not in any pursuit of any self interest, but for the advance of the common good, could be threatened by those who fail to understand the very idea of the public squares and the triumph of the ideas rather than emotional outbursts that result in tension and violence.

    I have read unprintable things on line and in so many e-groups, some more offensive than Charlie Hebdo cartoons from both sides. This is poison we must curb. It is a double blow when those who follow this track are well educated. So let us leave this business of certificates and uncompleted PHDs and hateful portrayals of opponents in caricature from the cross to throw backs of earlier life of candidates that seem like Hitler’s Goebbels at work let’s examine vision of society of challenges and the record of incumbents. Lets ask people, regarding incumbents, is your life better today than it was four years ago and to the challengers how can you make these same lives much better four years from now. To win elections from intimidation, a shower of insults and trying to diminish opponents rather than engage their minds can only produce pyrrhic victory.

    The worst such “victory” would be to win an election and lose a nation through bitterness that makes it difficult to get people to work together to advance the shared good of the people. For people like me the public sphere is about the pursuit of the elevated immortality. This comes when you do what is right and if providence beckons, as it did for Mahathir Mohammed, lee Kuan Yew and Ronald Reagan then you live a name that time cannot find an eraser to rub off.

    Those who negate the opportunity for progress to blossom and the triumph of the human spirit to bring progress deserved die a thousand times while they still inhale and exhale no matter the title they get for their place is in infamy.

    PU Pat UTOMI


  • Re: State of the Nation Post #237658
    Posted at: 1:14 pm, 30th Jan 2015
    by Dicobody. SMN . Joined: 21st September 2009. Thanked 45 times.


  • Re: State of the Nation Post #237657
    Posted at: 1:02 pm, 30th Jan 2015
    by duduspace. SMN . Joined: 13th February 2007. Thanked 173 times.

    migiets;237654 wrote:
    Who told you?. The world is a competition. It is when one is competing with someone for something that they will start digging into your past. No be only Nigeria such things dey happen.

    I agree, its the manner in which it is done that matters, my main grouse is with the use of incumbent executive powers as it gives an extremely unfair advantage. If there are no laws against such abuse of executive power, then people will use them as there are currently no penalties, that is why even the electoral laws need review.
    To be clearer, I would have no problem if the information Fashola used is otherwise available to everybody or anybody who is interested in finding out such information or if that information came to light from some investigative process. What I'm against is when such information came to Fashola's awareness only because he is the Governor of Lagos State.


  • Re: State of the Nation Post #237656
    Posted at: 12:53 pm, 30th Jan 2015
    by duduspace. SMN . Joined: 13th February 2007. Thanked 173 times.


    This is my area and no one can pull wool over my eyes. For this one, AIT should just go and hide their heads in shame. Any clown who has ever set up an online poll should know for starters that input validation is important.

    What AIT has described is manual/automated multiple voting caused by their own inability to embed the right checks in their voting platform, it takes a single line of a properly formatted regular expression to detect and block attempts at multiple voting by the same IP addresses, if such checks were not included in their voting platform originally then the person who implemented it should have been sacked (if in-house) or such a contract terminated and unpaid as product delivered is unsuitable for purpose (if outsourced) with claims made for damages to reputation.

    Also, as Gbenga Sesan requested, rather than just coming out to say their platform was hacked, they should put all the information out in the public domain for proper forensics and sharing of data such that everyone can learn from what happened to them. These IP addresses can also be traced if indeed such a thing happened.

    They can learn a bit from this chap (who has Buhari leading by even a wider margin) and the openess of his platform (even providing the raw data from the voting process) http://www.whowin.org/ .


  • Re: State of the Nation Post #237655
    Posted at: 12:46 pm, 30th Jan 2015
    by shams_dos. SMN . Joined: 17th May 2007. Thanked 40 times.

    overload;237647 wrote:
    bros wake up naa...BH has led to the non performance of their brother Jona. who allows them to deep hands into the national cake at will.

    In directly BH is threatening their interest as Jona is about to be chased away from the national cake and then notin for them anymore

    Bros, Are you saying ND boys to go and fight BH on behave of the military or even as part of the military.. Common We need to be objectivity on small things like this.. even if you want GEJ out.

    Imagine the damage to the presidency, if APC hear that Some Ijaw youths were killed during fighting with the BH boys???? How do you convince an APC propagandist on which side the Ijaw youth are fighting ?
    Abeg... If ND boys are seen near NE for sake of fighting BH or restoring peace, it will be the height of cluelessness on the part of the Presidency..
    Abeg no try use kerosine quench fire!!!!

    Nothing Concern ND boys with BH.. the best they can do is when they gave BH warning not to come near the SS with their destruction ...


  • Re: State of the Nation Post #237654
    Posted at: 12:40 pm, 30th Jan 2015
    by migiets. SMN . Joined: 1st March 2008. Thanked 181 times.

    duduspace;237653 wrote:
    I also do not like this kind of politics. It is not much better than Buhari's certificate disappearing from the millitary records. I think this is part of the restructuring we need in this country. Incumbents should not be able to blatantly use such powers of incumbency.

    Infact, if I were be involved in such restructuring, I would recommend automatic disqualification for anyone who uses the machinery of government for such purposes, it shows that they see nothing wrong with using the power that leadership confers upon them for personal gain. i.e. I expect such people to also steal from the common wealth and engage in other types of corruption.

    On another note though, Tax issues should be matters of public record and it shouldn't take an election to shine the light on Agbaje's tax record.

    Who told you?. The world is a competition. It is when one is competing with someone for something that they will start digging into your past. No be only Nigeria such things dey happen.


  • Re: State of the Nation Post #237653
    Posted at: 12:34 pm, 30th Jan 2015
    by duduspace. SMN . Joined: 13th February 2007. Thanked 173 times.

    overload;237615 wrote:
    Fashola should stop playing this sort of politics..

    If JK has defaulted in the past.. he is a lawyer; he should get the relevant dept to press charges and recover the tax debts..

    so is JK now above the law that he cannot be arrested for tax evasion?

    I also do not like this kind of politics. It is not much better than Buhari's certificate disappearing from the millitary records. I think this is part of the restructuring we need in this country. Incumbents should not be able to blatantly use such powers of incumbency.

    Infact, if I were be involved in such restructuring, I would recommend automatic disqualification for anyone who uses the machinery of government for such purposes, it shows that they see nothing wrong with using the power that leadership confers upon them for personal gain. i.e. I expect such people to also steal from the common wealth and engage in other types of corruption.

    On another note though, Tax issues should be matters of public record and it shouldn't take an election to shine the light on Agbaje's tax record.


  • Re: 7up Post #237652
    Posted at: 12:33 pm, 30th Jan 2015
    by Dicobody. SMN . Joined: 21st September 2009. Thanked 45 times.

    manemi;237644 wrote:
    Bros, may be there is a cross, or a fault in the system. Even the lowest bid is higher than the current quoted price on my terminal.

    let then wait till trading ends


  • Re: State of the Nation Post #237651
    Posted at: 12:26 pm, 30th Jan 2015
    by migiets. SMN . Joined: 1st March 2008. Thanked 181 times.

    overload;237646 wrote:
    America regularly goes outside their territories to fight wars to protect and preserve its interest...

    its a show of strength and bravery

    If the interest are threatened. If not threatened, they do not go. Right now, Tompolo's interests are not being threatened by BH. Forget whether Jona wins or not. Jona has been President for 6 years which is more than long enough for Tompolo and co. to have stacked up. Assuming Tompolo and co. could not stack up in 6 years, na in 4 years dem wan stack up?.

    I hope you know that the new Acting DG of SEC has already done a staff shake-up in SEC. The man is only Acting but he don dey change things. Na stacking up be that.


  • Re: State of the Nation Post #237650
    Posted at: 12:19 pm, 30th Jan 2015
    by migiets. SMN . Joined: 1st March 2008. Thanked 181 times.

    overload;237647 wrote:
    bros wake up naa...BH has led to the non performance of their brother Jona. who allows them to deep hands into the national cake at will.

    In directly BH is threatening their interest as Jona is about to be chased away from the national cake and then notin for them anymore

    Leave that side. They have eaten enough. It is now the turn of another set to eat. In this Contraption, it is turn-by-turn chopping. During OBJ's time, a set was chopping. During Yar' Adua time, another set started chopping. Now, during Jona's time, another set is chopping. If Jona, leaves, another set will come in and chop.

    Btw, wetin concern Tompolo with BH and Jona's non performance. Jona is already doing six(6) years. Na only one day i need as President of this Contraption to stack what i will chop for 100 years.

    As i said earlier, what work are the ex-Generals presently doing?. Nothing. They stacked when it was their turn. So i expect the ex-Militants to have also stacked in this their turn. It is simple common sense.


  • Re: Economicwatch Post #237649
    Posted at: 11:52 am, 30th Jan 2015
    by citizen. SMN . Joined: 27th March 2008. Thanked 35 times.

    Bet now that shares will fall, says Crispin Odey | Daily Mail Online

    A hedge fund manager who made millions after correctly predicting the credit crunch has warned major economies are entering a recession that will be ‘remembered in a hundred years’.

    In a letter to his well-heeled customers, Crispin Odey predicted that ‘equity markets will get devastated’ and described it as the best time to bet on shares slumping in value since the recent financial crisis.

    Citing the current turmoil in the markets, including a dramatic slump in the oil price and a ‘faltering Chinese economy’, he said: ‘This downcycle is likely to be remembered in a hundred years, when we hope it won’t be rated for ‘How good it looks for its age!’.

    Oxford-educated Mr Odey is the founder of Odey Asset Management, which runs more than £7.6billion for investors around the world.

    As one of the most successful hedge fund managers in the UK, he has made a fortune from betting on shares in companies plunging in value.

    This is known in the industry as ‘shorting’, a process which involves borrowing shares and selling them in the hope that the price will fall and they can be bought back at a profit.

    Mr Odey, 55, was one of the earliest to forecast that the borrowing binge that fuelled the economy would trigger a financial crisis.


  • Re: State of the Nation Post #237648
    Posted at: 11:45 am, 30th Jan 2015
    by overload. SMN . Joined: 18th October 2011. Thanked 74 times.


  • Re: State of the Nation Post #237647
    Posted at: 11:41 am, 30th Jan 2015
    by overload. SMN . Joined: 18th October 2011. Thanked 74 times.

    migiets;237632 wrote:
    Gbam. For now, Tompolo's interest in ND is not being threatened by BH activities in NE. Whenever BH steps her foot in ND to hoist that their tattered flag, then Tompolo and co. will react to them. For now, let BH continue to hoist their tattered flag in NE villages and towns.

    bros wake up naa...BH has led to the non performance of their brother Jona. who allows them to deep hands into the national cake at will.

    In directly BH is threatening their interest as Jona is about to be chased away from the national cake and then notin for them anymore


  • Re: State of the Nation Post #237646
    Posted at: 11:40 am, 30th Jan 2015
    by overload. SMN . Joined: 18th October 2011. Thanked 74 times.

    netotse;237633 wrote:
    Oga Overload, are you seriously advocating someone leaving his own region to go and fight?

    America regularly goes outside their territories to fight wars to protect and preserve its interest...

    its a show of strength and bravery


  • Re: State of the Nation Post #237645
    Posted at: 11:38 am, 30th Jan 2015
    by overload. SMN . Joined: 18th October 2011. Thanked 74 times.

    migiets;237631 wrote:
    They have already stacked enough to last them for 100 years. Which work has TY or any of these ex-Generals done since leaving office?. ND militants don wise now.

    Btw, even if Jona comot, crude oil theft and bunkering go still continue now abi dem go put soldiers for every backyard in ND to protect pipelines?. The game has changed for these ex-militants. Their eyes don open. They are now making hay while the sun is shinning.

    stacked what??

    then why do they feel threatened that GEJ will loose elections

    are all the private jets and rollsroyce they are buying assets?

    For your info, illegal bunkering can be stopped and it will be stopped once we have a govt that has the political will to stop it come May2015


  • Re: 7up Post #237644
    Posted at: 11:36 am, 30th Jan 2015
    by manemi. SMN . Joined: 22nd April 2010. Thanked 55 times.

    Dicobody;237643 wrote:
    yes not a bad result but the growth has slowed down.that's why people who both early enough are cashing in for perceived better offers.

    Bros, may be there is a cross, or a fault in the system. Even the lowest bid is higher than the current quoted price on my terminal.


  • Re: 7up Post #237643
    Posted at: 11:27 am, 30th Jan 2015
    by Dicobody. SMN . Joined: 21st September 2009. Thanked 45 times.

    manemi;237642 wrote:
    Is 7UP being marked down or something? Q3 not bad, bids more than 4x offers, yet price down -8.8% today!

    yes not a bad result but the growth has slowed down.that's why people who both early enough are cashing in for perceived better offers.


  • Re: 7up Post #237642
    Posted at: 11:17 am, 30th Jan 2015
    by manemi. SMN . Joined: 22nd April 2010. Thanked 55 times.


    Is 7UP being marked down or something? Q3 not bad, bids more than 4x offers, yet price down -8.8% today!


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