THIS IS AN ONLINE PETITION FOR THAT IS CURRENTLY AIRING ALL OVER TV AND INTERNET!
DISGRACE DISGRACE SONY DISGRACE!
THE UPROAR COMES FROM THIS EXACT QUOTE IN THEIR AD..
"YOU CAN'T BELIEVE EVERYTHING YOU HEAR ON THE INTERNET OR I'LL BE A NIGERIAN MILLIONAIRE BY NOW"
WATCH THE DISGRACEFUL VIDEO
QUESTION TO SONY: SO EVERY SINGLE NIGERIAN IS TRYING TO SCAM & DEFRAUD PEOPLE?! IS THAT WHAT YOU FOUND OUT FROM YOUR RESEARCH FROM ALL NIGERIANS??!
THE AUDACITY TO INSULT NIGERIANS AS A WHOLE WITH YOUR LOW STANDARD OF ADVERTISING. NIGERIANS CONTRIBUTE A GREAT PERCENTAGE OF SALES AND BRAND LOYALTY TO YOUR PRODUCTS.
THIS PETITION IS TO HAVE SONY PULL OR CHANGE THE AD WITH THE NEGATIVE REFERENCE TO NIGERIANS!
SIGN THIS PETITION AND FORWARD IT TO EVERY NIGERIAN YOU KNOW!
WE ARE LOOKING TO GET OVER 100,000 SIGNATURES AND IT WILL BE SENT TO SONY'S PRESIDENT. LET'S EXCEED THAT GOAL!!
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Posted by Politics X on September 2, 2009 at 8:57pm
By Bassey Udo and Ini EkottSeptember 3, 2009 05:59AMTReprepared for Politics blog by Akin OsunlajaThe lawmakers in Abuja had hauled the Central Bank governor before them, to defend the legality of his actions in firing the senior executives of five failing banks.Leading the charge was the chairman of the House of Representatives Committee on Banking, Ogbuefi Ozomgbachi, who was indignantly challenging Sanusi Lamido Sanusi over whether the central banker had overstepped his authority and made a mockery of our constitution.“Any action taken in pursuant to the CBN Act that is inconsistent with the provisions of the Constitution is null and void, ineffective and of no effect whatsoever,” Mr. Ozomgbachi thundered, reading from prepared remarks.But the four-page letterhead document from which Mr. Ozomgbachi read his hand-written introductory remarks bore the logo of Rockson Engineering, a company identified by the CBN as one of the worst bad debtors whose non-performing loans sent the giant Intercontinental Bank to ruin.Rockson, whose directors are the wealthy businessman J.I.A Arumemi-Ikhide and his wife, Mary, owed and had refused to pay Intercontinental about N37 billion as of May 31.That and other large loans gone bad caused the bank to run out of cash, and the CBN to rush in to the rescue. The bank’s CEO, Erastus Akingbola, has since fled the country and been declared a fugitive by the Economic and Financial Crimes Commission. Rockson claims the whole thing is a misunderstanding.How lawmakers who claimed to be acting in the interest of the public came to read their strong criticism of the Central Bank governor from a company central to the dispute led observers at yesterday’s hearing scratching their head.OZOMGBACHINot a few were quick to draw a link between members of the committee and the company, insinuating that Rockson Engineering, which was one of the companies that strongly faulted the CBN’s name and shame strategy, may have masterminded the lawmakers’ summons of Mr. Sanusi.“It is not a mere coincidence that the lawmakers would be using so flippantly the letterhead paper of a debtor company listed by the CBN and not another writing plain paper to convey their speech to the public, if they did not have anything to do with the company,” said one witness at yesterday’s hearing, who asked not to be identified so he could speak freely.Officials of Rockson Engineering were not immediately available for comment last night.In a bid to save face after it became clear that the audience had made a link between Rockson and the committee chairman, the lawmakers drove journalists out of the venue to allow them have a private meeting with the CBN governor and members of his team.But prior to the closed session, Mr. Sanusi had offered a strong defense of his intervention in the banking crisis, which included injecting N420 billion into the five banks. The EFCC is now trying many of the bank executives and their alleged accomplices, seeking convictions for fraud, money laundering and other racketeering.Mr. Sanusi told the lawmakers that there was no illegality or inconsistency in the action of the CBN, as the Act which established it as a lender of last resort derives its powers from the provisions of the constitution. The Act, he said, requires him to regulate the activities of commercial banks and set levels of their cash holdings and what level of risk taking is appropriate.“Where a bank is deficient in any of these, the CBN may, under the statutory powers, order redress of the deficiency in any of the ways contemplated by the law,” he said.Mr. Sanusi said the CBN’s intervention was not only consistent with global trends, but also was a patriotic decision to stem further erosion of confidence in the banking industry as a result of its huge exposure to the capital market.He explained that the 10 banks audited had granted over N900 billion loan as at December 2008, representing about 12 per cent aggregate credit, or 31 per cent of shareholders funds.“Of this figure, the five banks accounted for more than 50 per cent of the total exposure, with over N754 billion, or 10 per cent of aggregate credit and over 27 per cent of shareholders’ funds, to the oil and gas industry.“At its peak, the banks’ total outstanding commitments under the CBN expanded discount window stood at over N434 billion. Therefore, CBN’s action to inject fresh capital into the five banks was not only within its statutory powers, but done to save them from imminent collapse, as well as restore confidence to the banking system,” he said.
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According to reports, Lil Wayne has been really busy this year and may be the father of yet another child. An exotic dancer at Los Angeles strip club Spearmint Rhino, has made claims that she's been impregnated by the New Orleans mega-star, making her the third woman Weezy has allegedly knocked up this year.Wayne recently confirmed that actress Lauren London is currently several months pregnant with his child, while singer Nivea has claimed to be pregnant by him as well.The 26-year-old (though his birth certificate reportedly says otherwise) rapper has a daughter with ex-wife Toya Carter (star of popular BET reality show 'The Tiny & Toya Show'), and an 10-11month-old son with an unnamed Cincinnati woman.The purportedly preggo exotic dancer, whose identity has yet to be revealed, is said to be of East Indian descent, and says that she has informed the Wayne of her pregnancy, and that he's assured her in turn, that he wants her to have the child.
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Posted by Politics X on September 2, 2009 at 6:56am
Comptroller-General of Customs, Alhaji Abdullahi Inde Dikko, in Certificate Forgery, Threat to Life & Intimidation ScandalWednesday, September 2, 2009.The President and Commander-in-Chief,Federal Republic of Nigeria ,State House,Abuja.Mr. President,FORGERY OF CERTIFICATES BY THE NEW COMPTROLLER-GENERAL OF CUSTOMS, ALHAJI ABDULLAHI INDE DIKKO, THREAT TO LIFE AND INTIMIDATION:A CALL FOR A FULL-SCALE INVESTIGATION.I have decided to write directly to you on this matter because I believe you will not tolerate and condone the criminal behavior of any public officer, even if your security agencies are reputed for that and especially since they are indicted on this issue. It is also necessary that you are personally aware of such an important matter involving a highly-placed public officer whom you just appointed.I make no judgment at this point. All I call for is a thorough investigation of the grave allegations contained in the affidavit accompanying this letter and for you to take appropriate action(s).With best regards.I remain yours most trusted,FESTUS KEYAMO, ESQ.IN THE HIGH COURT OF LAGOS STATEIN THE IKEJA JUDICIAL DIVISIONHOLDEN AT IKEJAAFFIDAVIT REGARDING MY RELATINSHIP WITH ALHAJI ABDULLAHI DIKKOI, OLAJIDE OYEWOLE IBRAHIM, male, Muslim, Nigerian citizen, resident of Ibadan, Oyo State, Nigeria, do hereby make oath and state as follows:1. That my name is Olajide Oyewole Ibrahim and the following facts have already been written and submitted to my lawyer, Barrister Festus Keyamo. I now thought it fit to also make an affidavit.2. That I knew Alhaji Abdullahi Dikko, the present Comptroller-General of the Nigerian Customs Service since 1995, while undergoing the compulsory National Youth Service Corp (NYSC) scheme with the Nigerian Institute of Management (NIM) at Plot 22, Idowu Taylor Street, Victoria Island, Lagos.3. That during that time, i.e 1995, Alhaji Abdullahi Dikko was serving as a Superintendent of Customs (CS) and resided in his official quarters at Block 18, Flat ‘F’, Eric Moore Towers, Surulere, Lagos.4. That sometime in 1995, Alhaji Abdullahi Dikko approached me as the officer in charge of Training and Courses Department of the Nigerian Institute Management, to sneak out blank programme certificates on Finance and Accounts for him, which he intended to fill himself and present as authentic certificates. He explained to me that he needed these certificates and many others to get rapid promotion.5. That I obliged Alhaji Abdullahi Dikko of this request and secured on his behalf two (2) course participant certificates covering the years 1995 and 1996. (Copies of the certificates are hereby attached as Exhibits ‘A and B’). He thereafter filled them himself and forged the signatures on them.6. That on the completion of my National Youth Service Corp (NYSC) programme in 1996, the Institute discovered these missing certificates from the booklet of certificates in my custody and when I could not account for them for fear of implicating Alhaji Abdullahi Dikko, my name was withdrawn from the list of corpers to be considered for employment.7. That as I could not be retained, I told Alhaji Abdullahi Dikko of my predicament, but he promised me he would get me into Dangote Group at that time through one of his friends Alhaji Idris Shuaib Mikati. But in the meantime, I became an errand boy for him. This situation of running errands for him continued for years and I later forgot about getting a regular employment.8. That sometime in 1999, Alhaji Abdullahi Dikko confessed to me because of my closeness to him, that his West African Examination Certificate (WAEC) result was defective and implored me to assist him get another result.9. That in that same year i.e. 1999, I assisted Alhaji Abdullahi Dikko through the help of a staff of WAEC, to get him a fake WAEC result bearing the name of Government College, Kaduna and with the date of issuance as 1980. (Copy of the WAEC result is attached as Exhibit ‘C’).10. That in the year 2000 when Alhaji Abdullahi Dikko wanted to become a fellow of the Institute of Chartered Accountants of Nigeria (ICAN), they discovered that the WAEC result was not genuine.11. That prior to their discovery, Alhaji Abdullahi Dikko had already submitted the said WAEC certificate to the customs authorities as his and could not withdraw same.12. Following that discovery, Alhaji Abdullahi Dikko abandoned his ambition of becoming a fellow of the Institute of Chartered Accounts of Nigeria and opted for membership of the Association of National Accountants (ANAN) situate at Herbert Macaulay Way, Yaba, Lagos.13. That with the assistance of two (2) members of staff of ANAN, one Mr. Bello who was then in charge of examination and one Mr. Ojelade in charge of registration at the Institute, Alhaji Dikko was admitted as a fellow of ANAN.14. That it was the said Mr. Bello who suggested that we got somebody to write the ANAN examination of behalf of Alhaji Abdullahi Dikko.15. That suggestion warranted my contracting one Mr. Ganiu Memudu to write the ANAN examination on behalf of Alhaji Abdullahi Dikko.16. That initially, Mr. Ganiu Memudu was reluctant to write the examination for Alhaji Abdullahi Dikko but after much pressure from me and Alhaji Abdullahi Dikko, Mr. Memudu yielded and wrote the ANAN examination conducted sometime in March 2000 at the Auditorium of the University of Lagos. (Copy of the ANAN Certificate is attached as Exhibit ‘D’).17. That sometime in 2005 when Alhaji Abdullahi Dikko was promoted to the rank of Comptroller of Customs in charge of investigations, I approached him through his wife Hajia Shadiat Abdullahi for assistance in securing a job.18. That Hajia Shadiat Abdullahi response to my request was that I was trying to reveal the confidentialities between myself and her husband, Alhaji Abdullahi Dikko adding that Yoruba men could not be trusted. That response made me to leave their residence on the said date.19. That sometime in February 2006, on arriving from a religious vigil with my wife, I was informed by my landlady that some persons came in a Toyota Corolla Car looking for me with the aim of offering me a job as a clearing agent at the Ports.20. That my landlady further added that she suspected foul play since only two persons alighted from the said Toyota Corolla car while the others sat back.21. That my landlady’s intimations got me worried and scared leading me to relocate my wife and kids. Besides, the persons who came looking for me did not leave any contact address nor phone numbers behind, thereby raising my suspicion.22.. That I thereafter met one retired Assistant Commissioner of Police, Mr. E.O. Abai who promised to plead with Alhaji Abdullahi Dikko.23. That when Mr. Abai got through to Alhaji Abdullahi Dikko via his phone, Alhaji Abdullahi Dikko promised to deal with me and added that I may be killed any moment from then.24. That thereafter, Mr. Abai advised me to enforce my rights in a law court.25. That on April 24, 2006, a Lagos High Court sitting in Igbosere granted my prayers that I should not be intimidated or harassed by Alhaji Abdullahi Dikko nor any of his agents. (Copy of the Enrolment of Order is attached as Exhibit ‘E’).26. That on November 21, 2006, I was arrested by Police Officers from Panti Police Station based on a petition written by one Superintendent of Customs, Mohammed Lawal alleging that I collected the sum of Two Million, One Hundred Thousand Naira (N2,100,000.00) from him to settle the case between me and Alhaji Abdullahi Dikko.27. That after being detained for two (2) weeks in Panti, I was arraigned before an Ebute Metta Magistrates Court for stealing. The charge was later struck out because the complainant, Alhaji Dikko could not summon the courage to come to court to testify. (Copy of the charge sheet and the proceedings are attached as Exhibits ‘F’ and ‘F1’).28.. That meanwhile, during one of the days of the hearing of the criminal matter, that is on January 12, 2007, I was picked up at the premises of the Magistrates Court by Police Officers from the Abuja Police Command based on a petition written again by Alhaji Abdullahi Dikko alleging that some documents, money and computers belonging to him were stolen from his Abuja residence on November 4, 2004 and that I may be responsible for their theft.29. That thereafter I was detained for forty (40) days at Apo Legislative Quarters and the Deputy Commissioner of Police, Mohammed Ladan (who was in charge of the matter) thereafter told me that the only condition for my release was for me to withdraw the Fundamental Rights suit I filed against Alhaji Abdullahi Dikko.30. That on February 20, 2007, retired Assistant Commissioner of Police, E.O. Abai came to Abuja to see the then I.G, Mr. Sunday Ehindero to secure my release. I was further asked to see Deputy Commissioner of Police, Mohammed Ladan on the 22nd of February, 2007.31. That on that day, i.e. February 22, 2007, I was taken to the High Court, Abuja by the same Deputy Commissioner of Police, Mohammed Ladan but incidentally the court did not sit on that day which stalled my arraignment.32. That my wife and I later went straight to the I.G’s office and the then I.G., Mr. Sunday Ehindero instructed his Principal Staff Officer (PSO) Mr. Solomon Arase to look into the matter.. That led to the invitation of all the Police Officers involved in the matter.33. That after asking some pertinent questions, like whether Alhaji Dikko originally reported any case of robbery to any Police Station, (the answer being negative) and having satisfied himself that the allegation was frivolous, he ordered my release.34. He further advised me not to go about threatening Alhaji Dikko about his past, and that he was sure that Alhaji Dikko would leave me alone on that note.35. That thereafter I returned to Lagos where, to my surprise, one Inspector Habilla, a family friend of Alhaji Abdullahi Dikko and two (2) other Customs Officers, Messrs Enemoh and Mohammed Lawal continued to trail me. I reported this incident to Mr. Arase, the PSO to the then Inspector General of Police, Mr. Ehindero, who promised that all would be settled.36. That sometime in August 2008, I was informed by a friend of mine that I had been declared wanted by the Abuja Police Command in connection with robbery.37. That I made frantic efforts and discovered that the Punch and Tribune Newspapers of April 28, 2008 carried the advertorials which declared me wanted in connection with robbery. (Copy of the Punch Newspaper advert is attached as Exhibit ‘G’)..38. That it was at that point I realized that the plan was to arrest me as an armed robber and either shoot me like the Boko Haram leader or keep me perpetually remanded in prison custody as a robber awaiting trial.39. That since I had no godfather, I immediately went into hiding, and I have been running from pillar to post all these months, because of the almighty power of Alhaji Abdullahi Dikko.40. That on the 4th of August, 2009, retired Assistant Commissioner of Police, Mr.. E.O. Abai advised that I summon courage and find out details about the advertorial from the Abuja Police Command.41. That on the 7th of August, 2009, in the company of Mr. E.O. Abai, retired Assistant Commissioner of Police, I met with the Commissioner of Police, Abuja, Mr. John Haruna. We went with the newspaper publication and the attached affidavit.42. That the said Commissioner of Police, Abuja, Mr. Haruna said that he knew nothing about the publication and immediately summoned the command’s spokesman, Superintendent of Police, Mr. Jimoh for explanation.43. That the Abuja Police Command’s spokesman further contacted the I..P.O supposedly handling the matter, one Mr. Danjuma Attah who confirmed that the case has no case file and that I should go in peace.44. That the following week, Alhaji Abdullahi Dikko was named as the Comptroller-General of Customs and the Abuja Police Command’s spokesman, Mr. Jimoh called the retired Commissioner of Police, Mr. E.O Abai to notify me that I should come to the Abuja Police Command that there is now a case file against me which has been sent to court in respect of a charge of armed robbery.45. That since the genesis of my travails life has been unbearable for me and my family. My mother collapsed and died later when she heard that I was arrested at the premises of a Magistrates Court in Lagos and taken to Abuja in handcuffs. Similarly, owing to lack of adequate parental care, I lost my four (4) year old son to an illness.46. That at present, due to the newspaper publications I cannot walk freely nor seek employment cum business opportunities for fear of being identified as an armed robber. This has left my wife as the only bread winner of the family.47. That before I met Alhaji Abdullahi Dikko, I never had any criminal record. All that I did for Alhaji Abdullahi Dikko was done in ignorance and immaturity and to help his career to where he is now that he so desperately wants to protect at the expense of my life and freedom.48. That the real intention of Alhaji Abdullahi Dikko, the new Comptroller-General of Customs, is to silence me, either by indefinite remand as an armed robber in a prison yard, or to kill me like the Boko Haram leader.49. That it was at this point everyone I met recommended Barrister Festus Keyamo to defend me. I then came out and contacted him.50. That I depose this affidavit in good faith and in accordance with the Oaths Act._________________DEPONENTSworn to at the High Court Registry, Ikejathis ………. day of …………………….. 2009BEFORE MECOMMISSIONER FOR OATHS
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Posted by Politics X on September 2, 2009 at 6:31am
Mr. President: I am Chief Government Ekepemupolo, referred to in good and odd times as Tompolo. I have played my insignificant roles religiously in the determined struggle of the Ijaw, nay Niger Delta, nationalities since 1993 against insensitive multinational corporations and the state. In 2003, I left the average God given comfort of my life without prompting and moved into our beautiful creeks of the Delta of the Niger (reversal mine) among others, to advance our divine and just cause. Till date, I do not plan nor envisage a return to the artificial cities of Warri, Port Harcourt, Lagos and Abuja with your response trend to our struggle.The intellectual and political agitation of our people predates Nigeria’s independence hurried as it seems today; and the same fundamental and core issues remain unsuppressed and ever daring despite conscious attempts by successive regimes to simplify them through unending conference talks and committees without attending to the recommendations there from.Reform proposals, from the Willinks Commission of 1958 through Gen. Ogomudia’s special Security Report to the Mitee Technical Committee, abound. Candidly, your committee on amnesty and its arm dealing with disarmament in content and operations are the same to the purified ramifications of our structured struggle. Who is deceiving who?THE PEACE PROCESSOn assumption of office on 29th May 2007, MEND and the peoples of the Niger Delta greeted you with a unilateral ceasefire and opened a wide window for a peaceful resolution of the regional crisis. On 29th June 2007, your Vice President Dr. Goodluck Ebele Jonathan visited regional agitators in Camp 5 with a message of peace and process was agreed.There from, I have spoken with lowly and highly placed in your government including yourself emphasizing on the cardinal demands of our people. No armed confrontation of skirmishes had occurred between agitators and the Joint Task Force until 13 May 2009 amidst the traditional festival of the people of Gbaranmatu. Who is really deceiving who?Your government and our people met severally in Abuja, constituted joint committees with your former SGF Babagana Kingibe, present SGF, Ahmed Yayale, cabinet ministers and Defence Chiefs serving variously with our representatives led by Elder T.K.Ogoriba. We agreed on a few fundamental areas of great concern with sub-committees constituted to engage stakeholders preliminarily in the region. We agreed on a presidential visit, declaration of development emergency in the region, release of Henry Okah and others detained in connection with our agitation, pilot withdrawal of the Joint Task Force from the region and composition of oil commissions by regional states, among others that would be discussed in a formal dialogue between government and regional elders and youth leaders.What happened to these agreements? Why did the events of 13th May 2009 happen instead of a gradual implementation of these preliminary terms agreed to whilst we kept our peace? Who exactly breached the peace and is transparently deceiving who?AMNESTY AND DISARMAMENTYour Excellency, your proclamation of Amnesty on 25th June 2009 is only viewed by my ilk as part of the peace process, which was breached on 13th May 2009. It is not viewed as the ultimate or that official act of oblivion or pardon on the part of your government to absolve without trial so-called offenders or group of offenders, intentionally forgetting or overlooking wrongdoings by same. We view the gesture as offer from nothing but it can be something with mutual sincerity and great will.Why distort and simplify, as usual, our genuine struggle to crime and disarmament? Are crimes of kidnapping, abduction and hostage-taking synonymous to and with our region? Who kidnaps in Kaduna, Lagos, Kogi, Ondo, and the entire Eastern states of the country? Do the security agencies inform government correctly that 99% of crime cases in Port Harcourt are not perpetrated by agitators and core regional indigenes? Categorically, Politicians, Political and Commercial Crime Merchants all over the country are the architects to undo themselves and others. We are clear-headed agitators with an inherited defined vision and mission.Why the push for disarmament within this space of peace, instead of engagement on the fundamentals that occasioned the armed agitation and its associated incidents? Who bought the arms with whose money? Except by make-beliefs and showbiz, can genuine disarmament be achieved with the Joint Task Force killing and destroying communities, with guns pointed at agitators to drop arms without commencing genuine dialogue on the regional fundamentals and possible mutual reconciliation? I make bold to state categorically that true peace and disarmament can only be seen occurred when and only when the Core Demands of the region are being addressed through a mutually progressive dialogue.Mr. President, whilst hoping for the practical reality of that dialogue to usher in peace and justice. I suggest the following as preliminary acceptable to the agitators:1.WITHDRAW OF JTF AND DEMILITARILIZATIONThe formation and operation of the Joint Task Force since 2004 has clearly indicated a scenario of replacement for coup plotting in the country, it has caused much image damage to Nigeria and colossal financial waste to the region. Is it part of its mandate for a military officer with rank of Lieutenant Colonel, Major or Captain to lead an “escort job” for multinational corporations? What are rank and file and junior officer doing in the region? It shows degeneration and calls urgently for an improved welfare status for the military which is gradually establishing the region as a survive pipe. Government must improve their welfare and make the barracks attractive and stop sacrificing our region for the stability of their polity.I herein enjoin the withdrawal of the Joint Task Force and demilitarization of our region from Okirika and Kalabari Kingdoms in Rivers state through the civil Ijaw communities of Bayelsa state to the serene communities of Western Ijaw in Ondo, Edo and Delta states. The Joint Task Force makes no difference: instead it aggravates the conflicts to stay put in the region. They may win this war against our just cause: but they cannot win the peace in any guise not even in our region wherein every child of three and above sleeps with the knowledge of every pipeline meter criss-crossing the region. May 13, 2009 and its fallouts has and shall vindicate and triumph us ultimately.2. THE RIVER NIGER DREDGINGGovernment characteristic- to-type has enlisted Chief Tony Anenih and Mrs. Deziani Allision Madueke to dredge the River Niger. Why is government pushing with intent to use the force of JTF to dredge the river instead of addressing the environmental hazards such will cause the communities therein as contained in the Environmental Impact Assessment report such as shore protection and adherence to local content? Legitimate governments all over the world address the communal fears and concerns of the affected before such projects are executed. I hereon disclaim any contact with Chief Tony Anenih on this issue as claimed. I remain among those opposed to it and I am committed to confront by any means necessary any real attempt to dredge the river without recourse to universal standards that are acceptable.I also enjoin Chief Tony Anenih and Mrs. Madueke to tread softly: for this is an attack on our existence and identity. I consequently urge Mr. President to halt the process and direct government agencies to comply with agreeable standards for the management of the River Niger as a vital lifeline for our people.3. THE SEPTEMBER BIDS & OIL BUNKERINGOil bunkering is consciously being peddled by the JTF and Government in their bid to cover state failure and to malign our legitimate struggle. Such expensive ventures requiring huge finances power and contacts can only be carried out by the mighty in government and huge businesses. Who provides or buys the vessels and equipment? Who settles the military and has the connections with the foreigners and refineries? Who owns those vessels apprehended and disappearing? I make bold to urge Mr. President to show will and determination to stop bunkering in the region and see how the mighty in Lagos and Abuja will fall.However, Mr. President how many Niger Deltans have oil fields, blocs or even allocations that girlfriends are entitled to in Abuja? Does it sound just amidst truths that General T.Y.Danjuma sold 45% of one of his marginal fields (Akpo Field) to a Chinese firm for 2.3billion Dollars, still keeping 55%? Can this happen to the Hausa, Yoruba or Igbo? Why must we suffer so much for a God-given blessing? Do you think there can be peace where the people do not have appreciable stakes in their resources and composition and operations of multinationals in the region? Emphatically NO!CONCLUSIONMr. President, this is my first personal missive to any government or its privies since 2003 and it remains on the fundamental demands of the region raised for over 50 years by our people who are starkly faced with the daily worrying reality of a hopeless life after oil. With sincerity of purpose and determined will, the crisis in the region remains the simplest to resolve. I urge you to authorize your government to commence dialogue with representatives of the people of the region, nominated from elders and leaders of youths referred to as Aaron Team by MEND, on the core demands of the region with pride and mutual balance.Your Excellency, may I remind you that Major Isaac Adaka Boro died for this cause: our noble poet and play writer got hanged with eight other Ogonis in 1995, Dokubo Asari and Henry Okah among others got incarcerated in inhuman conditions for years, just as several unsung brethren have been murdered and several of our innocent communities completely destroyed. These did not stop the agitation of the people; instead it reinforces it in tactics and participation. How can killing Tompolo, Fara, Ateke, Boyloaf, Afrika, Shoot at Sight, Young Shall Grow and others stop the numerous unsung Tompolos in the creeks who owe our people at home and in the Diaspora this noble duty to bring justice and peace to our land? Kindly thread the path of dialogue, not force. There is no bad peace.I salute the courage and sacrifice of our brethren in our blessed region in this noble struggle. I thank Henry Okah, Dokubo Asari, Fara Dagogo, Ebi Ben (Boyloaf), Ateke Tom, Shoot at Sight, Afrika, Joshua, Young Shall Grow and several others known and unknown for your past and present sacrifices.I salute our brethren in the Diaspora, the Ijaw National Congress, Ijaw Youth Council, MEND, JRC, FNDIC, Yoruba Progressives, Northern Justice Known, the Warri Ijaw Peace.Sincerely.High Chief Government Ekpemupolo(Tompolo).HIGH CHIEF GOVERNMENT EKEPEMUPOLOIBE EBIDOUWEI OF IJAWLAND2, Palace Road, Oporoza Town, Gbaranmatu Kingdom, Delta State.
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Posted by Politics X on September 2, 2009 at 4:35am
The Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, yesterday promised to resign if the recent intervention to sanitise the financial services industry fails.The governor said this at the bi-monthly Monetary Policy Meeting, which held on Tuesday in Abuja.Mr. Sanusi, responding to insinuations that the intervention was politically motivated, said time would tell, emphasising that the primary motivation for the intervention is to protect depositors and shield the industry from collapse.Read communique hereHe also denied allegations that CBN’s action was a ploy to prepare the grounds for a take over of the banks by foreigners.It’s the economyAccording to Sanusi: “Where we are today, as far as the five banks are concerned, is that the CBN has put in money to protect depositors and creditors from any losses, to shield them from further deterioration as a result of non-performing loans. The principal objective of the action at this point in time is not to sell the banks. I have said this at several fora.”With regard to the town hall meeting held in the United Kingdom, he said it was neither to sell the banks nor to meet investors, rather he was there “to meet correspondent banking institutions and creditors, to assure them of the safety and soundness of the banking institution in Nigeria.”He added that because of the decision to change the management of the banks, the CBN needed to make itself available to international creditors, “to answer any question that might have arisen from the action we took.“The primary focus of the trip was to tell the creditors about the country’s economy and to situate our action within the context of a general process of guaranteeing financial stability,” he explained.Though, he said the CBN has not received any proposal from any prospective investor interested in any of the banks, he added that the bank will not stop any investor from expressing interest as long as it demonstrates sufficient commitment to the development of the Nigerian economy.“Once these banks have stabilised and it is time to move on, our preference is for them to have core investors that would run them professionally and put in place a governance structure that will ensure that we do not have a recurrence of the kind of things we have seen in the past. The core investor could be local or foreign.There is no law in Nigeria today that stops foreign banks from owning Nigerian banks, and the CBN will not preclude any bank from owning Nigerian banks simply because it is foreign,” he said.“That is not the same thing as saying we prefer selling our banks to foreigners. We are saying in principle that the CBN will not stand in the way of a foreign bank owning a Nigerian bank. We have stressed that any foreign bank that is coming in must be ready to show a clear commitment to the development of the Nigerian economy,” he stressed.Understanding the bailoutOn reports that some federal legislators have called the bailout illegal, saying it did not receive the approval of the National Assembly, Sanusi said he is not aware of any section of the CBN Act that demands such authorisation before the bank can perform its statutory function as lender of last resort.“What the CBN did was merely to create money to lift the balance sheets of the affected banks and increase money supply. The N400 billion loan given to the banks was (not) meant to bail them out by way of equity, but (was) a convertible facility."The CBN Act gives the CBN absolute control over the supply of money in circulation. The CBN does not need appropriation from the National Assembly to do what it did. Prior to what happened, the CBN gave these same banks and others, as a lender of last resort, money to expand their capital base."All that was done was to ask them to take the expanded facility for a longer time as quasi-capital and focus on meeting their obligations to creditors and depositors till when they are able to repay,” he said.On the monetary policy meeting, the CBN boss said the committee resolved to keep the country’s monetary policy rate unchanged at six per cent per annum, while also maintaining interest rate corridor at +/-two per cent around the MPR as well as giving approval for the establishment of an “Asset Purchase Facility Fund”.Though he said the country’s revised growth rate for last year stands at 5.99 per cent against the estimate of 6.41 per cent earlier in the year, the projection for the current year has been put at 5.33 per cent, compared to the 5.75 per cent projection.On year-on-year basis, he said the country’s inflation level has stabilised at a little over 11 per cent as at July 2009, with average rates of headline inflation and food inflation in the first seven months of the year standing at 13.11 per cent and 15.94 per cent, compared with 11.53 per cent and 15.98 per cent for last year.
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Posted by 9jabook.com on September 1, 2009 at 9:48pm
There is palpable fear among the staff of British Gas Nigeria, (BG) following the sack of 51 officials and middle level managers from the company. The sacked workers account for about 25 percent of its Nigerian workforce.
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The company’s General Manager, Policy and Corporate Affairs Paul Arinze, who confirmed the action however denied that there was a mass sack in the company.
He explained that the action taken by the company was not peculiar to the British Gas alone.
According to Arinze, the workers' layoff was not just about global economy or about oil price, it was about responding to global changes.
"We are offering new jobs to people, some are asked to go, some people have applied while some have not. The entire reorganisation is not about sacking people; we are offering new jobs to people. BG Nigeria has refocused its long-term strategy in line with policy change and global realities.
"This has resulted in high-grading of jobs and fully localising senior management. In that process, roles have changed, new ones created and a few dropped. Our staff had exercised choices along those lines," he said.
A source close to the company disclosed that British Gas Nigeria on August 17, 2009 carried out the mass sack and that the laying-off of senior company managers would follow soon.
BG Group Plc, the parent company had announced on July, 28, 2009 that it was cutting funding of the OK LNG project and switching investments to develop newly acquired assets in Australia and Brazil.
CEO of BG Group, Frank Chapman, told reporters on a conference call that his company's investment in Nigeria's gas sector will be gradually reduced due to Nigeria's government change of priority to domestic gas projects.
On account of its employment practices and a new OK LNG's management restructuring introduced by OKLNG Shareholders Agreement (SHA), British Gas is currently defending a N175 million legal action at the Lagos High Court instituted by an ex-employee alleging breach of employment contract.
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The former Chief Execu-tive Officer of Oceanic International Bank Plc, Mrs. Cecilia Ibru, collapsed yesterday in court after battling mosquitoes in the custody of the Economic and Financial Crimes Commis-sion (EFCC) where she spent last weekend.
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Ibru had surrendered herself to the EFCC last Wednesday at the commission’s Lagos office and rather than release her after interrogation, she was detained throughout the weekend.
The former Oceanic Bank CEO slept on a mattress in a four-wall room in EFCC detention camp.
Ibru’s lawyer told THISDAY last night that because of lack of power and the fact that EFCC had no diesel for its generator, at 7pm most days the former Oceanic boss’ room would normally be infested with mosquitoes.
Although Ibru was with her doctor, Major-General Gabriel Ovadje (rtd), in detention, the doctor was, however, restricted to the waiting area downstairs, a heartbeat away from the detention room.
Efforts by the doctor to get the EFCC officials to make diesel available for the generator yielded no fruit as they were said to have insisted they had no such brief.
The former Oceanic CEO who has been married to Olorogun Michael Ibru for close to 45 years is used to comfort.
Ibru, who all along appeared stressed up, suddenly collapsed in the dock after 18 of the 25-count charge had been read to her.
The development, which caused panic in the court, stalled proceedings for about 10 minutes before her doctor, who had accompanied her to the court, attended to her and certified her fit to continue with the trial.
EFCC could not be reached last night to react to the lack of power at their detention centre on Awolowo Road, Ikoyi.
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World third largest movie producing industry Nollywood, has recorded another tragic death of one its members, a comedian Monsurat Omidina, popularly known as Moladun Kenkelewu in the early hours of Tuesday (Sept 1). Moladun was a wife to an ace comedian Babatunde Omidina (Baba Suwe).She gave the last breath at her Ikorodu residence in Lagos. She was assumed to have died of hypertension; sources revealed that thick blood was found dripping from her nose and her two ears simultaneously. Before her death she has been off the set of acting for about three years, presumably to have been battling with her failing health. Preparations were immediately put in place for her burial her according to Islamic rites, the source confirmed.Monsurat Omidina, 46, left behind two kids she had for Babatunde Omidina. Moladun started her acting career in Ibadan, Oyo State, in the early 90s before she moved to Lagos where she married Baba Suwe. Family members have however opened condolence register for her. Some high profile actors have been paying condolence visits to the bereaved family some of them are: Omidinas’ home to commiserate with the family. They include Sheri Ilerika, Akeem Tajudeen, Gbadamosi, Adewale Elesho and Tade Oguntoyinbo.SPECIAL 9JABOOKBLOGGERSFEATURED BLOGS..NOLLYWOOD BLOGS..NETCHURCH BLOGS..GHANA BLOGS..LAGOS BLOGSPOLITICSFamily sources said she had been sick for some time and was billed to visit the UK Embassy on Tuesday morning to obtain a visa to travel to England for the needed treatment. But stakeholders in the entertainment industry have frown at this development and berated the British High Commission for delaying the visa too long.Speaking on this unfortunate lost and the circumstances behind the death, a veteran crime actor and movie maker Olufemi Ogedengbe said he is in shock over the sad news, saying he wants all to stay with the Lord in prayers. He however charged Nigerian journalists to concentrate more in writing on how Foreign missions/Embassies exploit Nigerians in the course of procuring entry clearance to their land. He said if Moladun was granted visa to the UK she probably could have survived or escaped the mysterious, untimely and tragic death that befell one of them.Similarly in the month of July another star actress and wife of the late politician MKO Abiola, Mrs. Remi Abiola, was said to have died of lung cancer in America.Until her death, Remi too was a top actress in the movie scene and her dominance was felt more in the Yoruba genre of the movie industry. She relocated to America last year when she went for an award ceremony organized by The Third Eye, a publication that is now defunct.Remi was said to have stayed back in America after the award because she loved life there. She got a job and started working there, settling into life of an immigrant.She reportedly slumped and went into coma last July; she was rushed to hospital where she was placed on life-support machine. She eventually died after the life support machine was unplugged, thereby throwing Nollywood especially, the Yoruba genre into state of deep mourning. She is survived by her family members and two children, out of which one is said to belong to late MKO Abiola. Remi who used to work for Nigeria Airways as an air hostess, trained in United Kingdom as a stage actor at the Fielding School for Dramatic Arts. Her foray into movies started with television drama that was popular in her time in the 80s and 90s. She started home video in 1989. Her mother roles in Yoruba movie and apt delivery endeared her to many lovers of movies in the industry. She was a household name in the industry until her death.
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Posted by John Akukwe on August 31, 2009 at 10:00pm
• Fear is one of the most powerful emotions in the human psyche.• It paralyzes the mind.• It has power to destroy a person’s character.• 90% of cases that end up in the hospital started with fear.• Our worst fears are those things that never happen.• It allows problems to swallow people up like it did to Peter.• Fear only sees as far as man can see and not as far as God can see.• It is a spirit as seen in 2 Timothy 1:7.• Fear can dominate people’s thinking and can prevent them from concentrating on other things.• Living with fear is highly stressful and often leads to depression and can ruin a person’s health.• Fear can be stronger than love and it is the father of cruelty.• Fear makes one to be pre-occupied with himself and his problems.• Fear makes us anxious, irritated and tensed.• It is a destructive weapon in the hand of the devil.• Fear remembers all the bad examples and never a good one.• When fear comes in, doubt moves after it, then the result is unanswered prayer.• The devil cannot operate without fear.• Fear is a horrible monster no matter what form it takes.• Fear is a tormentor, it torments its victims (I John 4:18).• It is fear that is always hearing the shout of Goliath and not the voice of David.• When fear comes into your life, it paralyzes the power of God in your life.* Faith ends where fear starts.• Fearfulness is a symptom of a brain under attack.• Spirit of fear opens doors to some other evil things.TO BE CONTINUED...
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Nig.e.ria is expected to get about $1.5 billion under the International Monetary Fund (IMF) Special Drawing Rights scheme. The sum is broken into $1.3 billion under the general loan scheme and $218.6 million under the special rights scheme.
The facility is being offered under the IMF $283 billion Special Drawing Rights loan to strengthen liquidity in the global system. The move is in response to April's call by the G-20 to supplement the existing reserve assets of member nations to combat the negative impact of the global economic crisis,
Announcing the allocations to countries on Friday, the monetary fund, in a statement, said the facility would be released in tranches with an initial allocation of $250 billion, and will be subsequently followed by an additional $33 billion to be disbursed Wednesday, September 9. The allocations will significantly increase SDR's outstanding stock to about $316 billion.
About $110 billion of the combined allocations will go to the emerging market and developing countries, including over $20 billion to low-income countries, most of which currently face difficult spending decisions on how to handle the impact of the global crisis.
The SDR allocations, seen as IMF's strategy to boost member countries' foreign exchange reserves, to give them the impetus to weather the storm of global economic recession, is based on a long-term global need, to provide succour to low-income countries, like Nigeria.
Caroline Atkinson, IMF External Relations Director, explained that the loans were meant to provide access to unconditional financial resources to mitigate the need for adjustment through contractionary policies and allow greater scope for counter-cyclical policies in the face of recession and rising unemployment.
"The general SDR allocation is a key part of our response to the global crisis, demonstrating the value of a cooperative multilateral approach," Ms. Atkinson said, adding that despite a smaller number of SDRs going to the IMF's low-income members, the allocation would result in a proportionately higher increase in reserves for them than it will for the advanced economies, which already have a substantial cushion of reserves.
Under the voluntary trading arrangements, Atkinson urged individual member countries to be ready to trade the SDRs within certain limits, with the IMF acting as a voluntary broker charged with the responsibility of arranging transactions between prospective buyers and sellers.
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Posted by 9jabook.com on August 31, 2009 at 7:03pm
Ohineme Ndubisi, a Nigerian in Plaza, Guangzhou, China is one of the unlucky Nigerians daring to escape intense raids by the local Chinese Police on illegal immigrants. Ohineme’s story is a gory one that reminds you of a Hollywood block-burster film.
Realizing that the team of policemen had rounded him up in a corner on the fifth floor of the Market Plaza in Guangzhou, China, he shattered the window glass with his bare hands and dived through it to the ground floor.
As he jumped, a sharp edge of the shattered glass pierced through his stomach, slicing it into two. Surrounded by some policemen who had earlier laid siege to the ground floor, the young Nigerian grilled in pains as blood gushed from his open stomach. Before he was taken to the hospital. The news of his adventurous stunt had attracted a crowed of bewildered passers bye including Nigerians around.
But Ndubuisi was not the only casualty the Wednesday afternoon of 15th July. Another Nigerian, Chigozie Asukwa, was also badly injured as a result of the raid. Chigozie had hit his head on an iron bar, while scampering through a narrow exit.
Unlike other past raids, the Nigerian community in the small town of Guangzhou would rather not sweep the horrific incident under the carpet. About 2.45pm same day, they gathered in their hundreds and engaged the local police in a free-for-all. More Nigerians were injured.
Chanting the song, “oh my home, oh my home, when shall I see my home…” the Nigerian protesters barricaded a major road in the city. The protest, which caused serious tension was said to have lasted for about four hours before the Chinese Police, after a re-enforcement, over powered the Protesters.
A detailed video footage of the incident was compiled by Foundation for Nigerian Ethics (FINE), an international media organization based in Abuja, and exclusively made available to Daily Sun in Abuja.
Narrating how the incident occurred, Okere who by now was recuperating in a nearby hospital told FINE that, “a friend had called me from Lagos for memory cards. So, I was to go and change the $3,000 he sent to me at the market when the policemen came and rounded me up. The white guy who had my money started running. So, I couldn’t stand to lose two things, my money and then go to jail because my paper is already expired. So I broke the glass and jumped down.”
Another Nigerian Emeka Amobi, 26, had broken his hands in a similar experience on the 3rd of July. Amobi out of fear of being apprehended by the Chinese Immigration Police had jumped down from a 25feet height in a train station in Beijin.
The country Director of FINE, Mr. Titus Ezeugo, who witnessed the Guangzhou riot and who has been on media surveillance on Africans in Asia and Europe for over half a decade, gave an insight into why illegal Nigerian immigrants would rather prefer to jump from any height than be arrested. “It’s important to clearly state that more than half of Nigerians in china are illegal immigrants. The Chinese law is clear on its immigration matters. For instance, citizens of Nigeria, depending on your kind of visa, are not allowed to stay more than two weeks for a business or work visit.
“A minute after two weeks of stay, you would be surcharged 500rmb (about N14, 000). After that, everyday you stay with an expired visa, you are made to pay 500rmb. So some of them are indebted to the tune of 5000rmb, which is the hallmark. If apprehended you would be in an underground cell till you pay your demurrage fee, purchase a return ticket and TC. So where would the person get such money? ”
He said the Chinese authority should not be blamed adding, “Nigerian government must be ready to cater for her people whether they live in Nigeria or not. The Chinese immigration law has trapped many Nigerians who were deceived into travelling to China for greener pasture.”
Ezeugu who averred that the condition of Nigerians in China was precarious and most embarrassing added that many were languishing in penury. He, therefore, charged Nigerian government to spend money on qualitative enlightenment campaign that would redirect the minds of her youths away from what he says is the illusion of going for a greener pasture in China.
“We cannot say because they violated the law, then we would watch them rot away in China. Take recent case of Americans in South Korea. You see that, Clinton, a former President, had to fly to South Korea because of the matter. This is what FINE has been doing and we need the government to show some interest in this”
Ironically, the media practitioner said that while the number of Nigerians travelling to China on a daily basis is still on the increase, majority there want to return home. Collin Chimobi, a Nigerian businessman based in China, told Daily Sun that more than half of Nigerians in China want to come back home.
Meanwhile Daily Sun after frantic efforts to get comments from the Chinese Embassy in Abuja failed due to Embassy protocol, a questionnaire on the incident was posted to the embassy’s official website on Monday, but Daily Sun is yet to get a reply.
However the Minister of Foreign Affairs, Chief Ojo Maduekwe, told Daily Sun that the ministry was fully aware of the incident and has already directed the Nigerian Mission in China to begin discussions with the Chinese authorities on the modalities of getting out of the situation.
The Minister who spoke on the matter through his Director of Communications, Mr. Ayo Olukanmi, appealed to Nigerians in China to be patient as the process of visa issuance to anyone who wants to come back would soon begin.
But the National Human Rights Commission said that it was fully abreast of the matter and has been following it with keen interest. The Director, Public Affairs and Communications, Mr. Muhammad Nasir Ladan told Daily Sun that although the commission is handicapped on the matter as its mandate restricts it to matters within Nigeria, it has begun discussion with the House Committee on Foreign Affairs, Hon. Benilla.
“We are working on the issue to reach a position before we come out with the next line of action. If there is human right violation as it is being alleged, then there are possible steps to take on the matter.”
SO HOW MANY WEEKS ARE THE CHINESE IN NAIJA ALLOWED ON BUSINESS VISAS ?
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Jermaine Coleman, better known by his stage name Maino, is an American rapper from Brooklyn, New York City, New York.After spending ten years behind bars for drug related felony and kidnapping, Jermaine ‘Maino' Coleman decided to live life outside the pen' as a rapper. With jail terms and criminal convictions regarded a bonus in a rapper's credentials, Maino's sentence is a convenient PR accessory. "If Tomorrow Comes..." is essentially a script detailing the life and style of ex-convict Maino.His opening skit states, "I never wanted to be a product of my environment; I always wanted my environment to be a product of me." With such words introducing the album, you want to know who Maino was and now is, after incarceration. Although he attempts to express his new identity, it is difficult to draw conclusions about a man who say ‘Hi to Haters', and yet threatens to ‘Kill' in the same breath.Make or BreakDid jail time break or strengthen Maino's criminal tendencies? In the beguiling track "Remember My Name" he spits lines like "I promise to be nothing short of a G/ never beg for mercy, never seeing me flee/I got blood on my knife, got cash in my jeans..." Suggestive enough to think he is probably back right from where he started, right?But in this same track he convinces listeners with such lines as "...help me heavenly father, don't let my life get rougher...Left a mark in the hood to make a mark in the world...you can see that I'm different...the face of an angel and the heart of a lion," that he's as clean as can be.All The Above"Tell me, what do you see when you looking at me?" is the opening line, penned by T-Pain, of the album's smash hit single "All the Above". In this rap, Maino finally answers the questions prompted by his album's seemingly self-contradictory lyrics.He laces T-Pain's hook with lines like "...see me come up from nothing, see me living my dreams...look how I ride for the block, look how I rep for the hood... I go hard for ever, that's how I'm designed... You don't understand me, you are quick to judge me". And in the skit "Contemplation" he continues "I was caught up in the street and still trying to be a good father." Maybe Maino is all the above, "a soldier, a rider and a ghetto survivor", as T-Pain puts it in the track.And the Album"If Tomorrow Comes..." is offered as a story telling album, a virtual script of Maino's life after prison. The tracks are arranged in sequence, telling his story from his last day in the pen, to meeting DJ and producer Kay Slay, to facing criticism and contemplation to finally getting his break with the Atlantic Records phone call.His rap verses also showed he is certainly a rapper with talent. While it's easy to turn a collaboration with T-Pain into a smash hit, Maino could equally have made a ‘cane for his own back' but he killed it. With production enlisting pros like Swizz Beats, Just Blaze, and J.U.S.T.I.C.E League amongst others, tracks were honed to perfection.Even though you can't tell who Maino is from "If Tomorrow comes...," it will definitely put you in ‘Maino's Nikes.'Album: If Tomorrow Comes...(Atlantic Records 2009)
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The Federal High Court in Lagos has remanded the 5 failed Bank executives in prison custody till Friday. Those remanded are Cecilia Ibru of Oceanic bank, Sebastian Adigwe of Afri bank, Okey Nwosu of Fin Bank, and Barth Ebong of Union Bank. Others are Chairman and non executive directors of Intercontinental Bank Plc like Raymond Obiari, Samuel Adegbite etc, as well Peter Ololo.The accused were arraigned by the Economic and Financial Crimes Commission (EFCC) after two weeks in the custody of the commission on charges of corruption and gross professional misconduct. They were brought to court under tight security to the waiting hands of their counsels and journalists.First to be invited to the dock was Okey Nwosu former MD of Fin Bank, he was charged with professional misconduct. The arraignment degenerated to a heated augments between Nwosu’s counsels Wole Olanipekun against Rotimi Jacobs of EFCC. It was however resolved that all the accused be remanded in Prison custordy pending their bail applications.Sebastian Adigwe was charged along with Peter Ololo in a 36 count charge, while Cecilia Ibru got 25 count charges. Barth Ebong is facing 28 charges, while officials of Intercontinental Bank were slammed with 18 charges.Meanwhile some House of Representatives members said they are not against the bailout undertaken by the Lamido Sanusi led CBN team provided the measures are inline with due process of the law. They explained that Nigeria is not the first country to roll out stimulus package for ailing banks. The lawmakers further said they will address all concerns regarding the bailout, especially where the bailout funds came from.Speaking on the issue Chairman House Committee on Gas Resources Hon. Igo Aguma said: ‘‘we know that there are business men who sit down and watch how to exploit and explore Nigeria in order to boost their portfolios. I commend the CBN personally for being proactive this time you would have imagined if the banks have totally gone under. However, in being proactive we want to believe that the rule of law must be followed. This is not the only country that conducted bailout. We all watch other democracies the processes they adopt before carrying out bailouts. We hope and believe that in carrying out these good intentions, we hope that they have done that under the rule of law.’’Moreover, the Congress of Nigeria Political Parties (CNPP) and Civil Liberty of Nigeria (CLO) have also been reacting to this current economic revolution in the Nigeria money market. They decried the planned sale of the ailing banks saying the decision was too hasty. The group said the outcry of the CBN Governor to sell the Banks to foreign investors is unnecessary, saying the development is worrisome in view of its implication and that it lacks the backing of stakeholders in the financial sector. CNPP called on Nigeria lawmakers to organize public hearing to enable Nigerians contribute to the debate. CLO on its part said selling the Banks will further devalue the stocks in the country and send wrong signals to Nigerianinvestors both home and abroad.OtherreportsCelica Ibru slumps in court. Niyi Akintola, her legal counsel, requests that her doctor stand by her in the dock.
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