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Showing posts from October, 2018

Obasanjo, 2019 — A Hard Choice

Chief Olusegun Obasanjo, spoke, with the certainty of the presidential choice of the two major opposition party, cleared. In his statement, during the yearly lecture of the Foursquare Gospel Church yesterday in Lagos, the former president said that Nigeria needs a president who understands the economy of the nation. Appalled by this statement, many wondered over the recent jubilation that he has finally thrown his support on the incumbent PMB for 2019. According to the Vanguard News report on the seminar, The Elder statesman said:  “There is no doubt at all that if we have to get it right the three (economy, faith and politics) must go together. “One of my international friends, the late  Helmut Schmidt,  who was a former Chancellor of Germany –    he died at the age of 96 about three years ago, I was at the burial – and he said if we in Africa have to make it, all our political leaders must have good grounding in economy. “As a fact from Bishop Kukah, e...

CBN LIQUIDATION OF A SECOND BANK IN NIGERIA

In a matter of one month, a second bank has been liquidated in Nigeria. The first null came upon Skye Bank, a nationwide bank, now taken over and managed under a new name, Polaris Bank. The second however not a nationwide in operation scope, is Garu Micro-Finance Bank, a community bank in Bauchi. According to Premium Times Nigeria, " The manager of the bank, Ibrahim Abubakar, told NAN in Bauchi on Tuesday that the Central Bank of Nigeria (CBN) had revoked its license, adding that the bank had been taken over by Nigeria Deposit Insurance Corporation (NDIC)." While this occurrence in quick succession has raised the blood of some customers patronizing the Nigerian banks, others express appreciation over the measures that have been taken by the government and CBN to secure the funds of banks customers. One such customer is Mr. Ferdinand Otu who banks with Stanbic IBTC Bank. Concluding his statement in an interview, he said: "Nigerians, there is no shaking." ...

Four Years Of Democracy

FOUR YEARS OF DEMOCRACY Every new government has four years of a democratic term to rule the people for the record. But how this time is aloted between the government and the governed is so ridiculous that it will take only the American Political Correctness to make it fair at the ratio of 1 to 15. (3 : 45) Every new government in Nigeria spends three months to rule the people. During this period the government tells the people: "We know that you are there. We have a lot of good stuff in the pipeline for you." Then, they make a lot of good promises. Their presence fade from the people's lives like shadow, by the end of the three months. Then, you wonder what happens for the rest of the three years and nine months that follows. Beginning of politics. Second term preparations. Big shots. Heads rolling. Cross-carpetting. For the remainder three years and nine months, the government is incapable of remembering that people are still there. That there is hunger. That unfu...