IS A BIG JOKE....ALSO A MEANS OF EMBEZU MONEY

IS THIS MEDICINE AFTER DEATH ?
READ MORE HERE

http://www.punchng.com/Artic.aspx?theartic=Art200909122422760

Once upon a time as yoruba adage says..................

read more here

http://www.punchng.com/Artic.aspx?theartic=Art200909113113318

THERE ARE SOME BIG NAMES IN NIGERIA THAT NOT HAPPY WITH THE AMNESTY OF YARADUA

NA WAOOOOO NIGERIAN WOMAN SELF DON DEY TRY OOOOOO OLUBUNMI ETE, CECILIA IBRU AND NOW IS OKEREKE ONYIUKE .....HABA  AAAAAAAA

http://www.punchng.com/Artic.aspx?theartic=Art2009090923515067

THEY JUST WASTE OUR MONEY FOR NOTHING SAKE

WHAT ARE YOU SAYING ?

that is good for our teachers ...................they are doing a great work ?.....................kudos to them

i will suport obama ..................

well politic is the best game only if you can play the game according to the rule

they are all bird of thesame feather

WHATEVER YOU SOUL YOU SHALL REAP

WELL AS FOR ME I THINK IBADAN PEOPLE WILL NOW HAVE REST OF MIND

THAT IS GOOD FOR HER SHE MUST EVEN GO TO JAIL TOO BCS SHE IS A REAL THIEF LIKE HER FATHER

How Ehindero, Obaniyi forced banks to pay N12m cash interest on controversial police money
By Olusola Fabiyi, Abuja
Published: Saturday, 7 Jun 2008
More facts have emerged about how the former Inspector General, Mr. Sunday Ehindero, and the suspended Commissioner of Police in charge of Budget, Force Headquarters, Abuja, Mr. John Obaniyi, forced the two banks with which the controversial N500m arms and ammunition money was lodged to pay the interest that accrued from the lodgment in cash.

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Our Correspondent
Former Inspector-General of Po

According to documents obtained by our correspondent, Obaniyi, who claimed to be writing from the IGP office, Budget section, asked the two banks (names withheld) in separate letters to pay the interest accrued from what he called “investment,” in cash.

The demand, the banks however noted, was against the “normal practice.”

In placing the money in one of the banks, Obaniyi in a letter with a reference No C.V 1929/PB/FHQ/ABJ/VOL.6/417 dated July 10, 2006 wrote, “The Inspector –General of Police has approved the placement of the sum of two hundred million naira (N200,000, 00.00) only being Nigeria Police funds in your bank for 90 days at 10 % interest.

“The First Bank of Nig. Plc cheque No. 01111788 dated 10 July, 2006 for the sum of two hundred million naira (N200,000,000.00) only is attached for your necessary action.

“You are requested to acknowledge receipt, please.”

On October 13, Obaniyi wrote back to the bank to remind it that the investment had matured a day earlier.

“It will be appreciated if the 10 per cent interest on the investment can be made available in cash for operational expenses urgently, please.”

This demand, which the bank saw to be irregular, was however honoured via a cash cheque dated October 19, 2006 and written in the name of Obaniyi, who was said to be the sole signatory to the account. Two officials of the bank, via a letter dated October 19, 2006 with a title “Approval for cash payment” wrote to their superior and said, ‘The Nigeria Police IGP’s account, our customer, has requested that we pay cash for the interest accrued on their fixed deposit of N20m which matured on the 9th October, 2006.

“Though we have the request of the customer to pay cash, we require the management’s approval to consent since the normal practice is that the interest accrued on the deposit should be issued to the Nigeria Police using our Manager’s cheque since the account with us is a fixed deposit account and not operations account.

“We hereby seek your approval to pay cash of N4, 986,301.37 being interest on N200m at 10per cent for 91 days.”

The request was however granted by the superior officer but with a caveat “kindly ensure that the CP Budget acknowledge the payment,” written the approval officer.

And on November 8, 2006, Obaniyi wrote back to the bank, terminating the investment, saying that he was directed to do so.

He wrote, “I have been directed to terminate the investment of two hundred million naira (N200, 000,000.00) due to the fact that the fund is required for immediate use.”

The tone of the second letter to the second bank (name withheld), was not different.

Obaniyi, in the letter directed to the managing director of the bank, dated July 4, 2006 titled “Investment”, wrote “The Inspector –General of Police has approved the placement of the sum of three hundred million naira (N300,000,00.00) only being Nigeria Police funds in your bank for 90 days.

“I attach herewith The First Bank of Nig. Plc cheque No. 01111782 dated 4 Jul, 2006 for the sum of three hundred million naira (N300, 000,000.00) only for investment at 10 per cent interest rate.”

This bank, in its acknowledgment of the fund, sent a letter a letter to the IGP, attention CP. Obaniyi spelt out details of the investment.

The break down went thus: Principal – N300, 000,000.00

Interest Rate – 10% per Annum

Tenor – 90 days

Effective Date – 10 July, 2006

Maturity Date – 7th October, 2006

Payment Date – 8th October, 2006.

Six days after the maturity date, Obaniyi, while reminding the management that the investment had matured, demanded in his letter that “it will be appreciated if the 10% interest on the investment can be made available in cash for operational expenses urgently, please.”

The bank, via a letter to the IGP, and attention Obaniyi and dated October 17, 2006 sent the interest.

The bank said, “We reefer to your letter dated 13 October, 2006.

“Kindly acknowledge the receipt of N7, 377.260.27 (Seven Million three hundred and seventy thousand two hundred and sixty naira seven kobo) being the accrued interest on the above placement for ninety 990) days.”

The bank claimed that “the interest paid on the said deposit was treated in line with the instructions received from the Commissioner of Police – Budget requesting that interest should be paid in cash to meet the operational expenses and as such the payment of interest was paid in cash which was acknowledged/collected by the commissioner of police, Budget CP J.O.J Obaniyi.”

Sources at the Independent Corrupt Practices and other related offences Commission which is investigating the scam said that though Ehindero actually returned the N557m, which was donated by the former Governor of Bayelsa State, now Vice President Goodluck Jonathan, he did not return the interest, claiming that it was used on operational expenses.

He was said to have remained silent when was asked to bring out documents to support his claim.

This posture, according to the reliable source, was wrong as he ought to have also declared the interest the money had yielded when he was retuning the cheque to the then Ministry of Police Affairs, which was directed by former President to handle the procurement of the arms and ammunition instead of the former police chief.

The directive led Ehindero to ask Obaniyi to terminate the lodgment of the funds in the two banks.

Sources said that this could be the reason why the anti-graft commission had said that the former IGP and Obaniyi would have to explain how the money was expended and were therefore recommended for prosecution.

They were accused of violating several section of the ICPC act like sections 16, 19, 19 and 12 among others.

The source said, “This is public money. It is wrong for someone to just say that he asked that the money be given for this and that without proper documentation. That is not done in a civilised world.”

Well, as your sis. has said ignorance is better bcs is a temporary attitude but for been stupid is parmanet attitude that no doctor can cure.
   If you are ignorant of something andyou see somebody to tell you or put you right you can amend but never in stupid person.

         thanks.
                    Moses (Amofinagba1)
                     Akure Ondo State.

I WAS DISAPOINTED WHY I HAD THAT THE HOUSE OF REP REFUSED TO PASS THE FOI BILL INTO LAW.......I WANT THEM TO TELL US THE REASON?

                Again, Reps throw out FOI Bill
Attempts to get the Freedom of Informa tion (FOI) Bill into law suffered another setback as the House of Representatives refused a motion moved to have the bill considered clause by clause.

The motion, moved by the sponsor of the bill, Honourable Abike Dabiri, and seconded on the order of the Deputy Speaker, Honourable Usman Bayero Nafada, who presided over Tuesday’s sitting, was refused endorsement by the members of the House in a voice vote.


The controversial bill, which would have given Nigerians access to information, had suffered several setbacks in the recent past.
Most times, it had been listed on the Order Paper but was always skipped once it got to debate and was also rejected few days ago when a motion to consider it clause by clause was moved.


Amid row and bad mood as the House decided whether to go ahead with the debate on the bill, the Speaker put the question twice and twice, the nay voice was overwhelming.


The Deputy Speaker found it difficult to rule on the matter on the two occasions.

Well as for me i love my club chelsea fc bcs i am true blues??
up chelsea

                         IS THIS GOOD FOR US IN NIGERIA??

 A team of eminent persons from the African Union (AU) which was in Nigeria on a month-long review mission in March has said corruption is still endemic in the country despite the activities of the anti-corruption agencies such as the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC).

In a 380-page Country Review Report submitted by the team and which was made available to the press yesterday, the team said corruption pervades all levels of the Nigerian society and had been described as a way of life in Nigeria. It also said the election that brought President Umaru Musa Yar’Adua to power was marred by irregularities.

However, Special Assistant to the President on NEPAD, Dr. Tunji Olagunju, who presented the report in a news conference in Abuja on Monday, said the content was neither about the current administration nor any particular previous one for that matter. “It is an unbiased external evaluation of governance in Nigeria...in essence, the cumulative impact of governance on Nigeria since independence in 1960,” Olagunju said.

It said corruption “political and economic” is responsible for the widespread poverty in the country. “Corruption has held back economic growth and development and has frustrated incentives to align budgetary allocations with development priorities,” the report said, even as it noted that Nigeria would not be able to attain the Millennium Development Goals (MDGs).
Although the EFCC and the ICPC had been actively engaged in fighting corruption, the report said both agencies had been under-resourced and sometimes perceived to be influenced by the chief executive.
“Corruption, especially the use of money in politics, is a great hindrance to the development of constitutional democracy in Nigeria,” it further stated.

Furthermore, it noted that economic and financial crimes such as 419 and money laundering had had severe negative consequences for Nigeria, including decreased direct foreign investment. Although there are comprehensive laws to deal with the problems, it said the implementation had been ineffectual.
“Nigeria continues to be hampered by systemic corruption and debilitating ancillaries, bribery, graft, advanced fee fraud, and nepotism,” the report said. Not surprisingly, it added, the country ranks low in human development indices, ranking lower than the average for sub-Saharan Africa.

Describing Nigeria as a country of paradox, the Country Review Report noted that the country has the potential to build a prosperous economy, reduce poverty significantly, and provide the basic social and economic services needed by the citizenry, but regretted that that the country is still plagued by high incidences of poverty, high unemployment rates, poor infrastructure, low growth rates and widespread insecurity and crime despite the abundance of rich natural resources.

Although several reforms had been initiated by the government, the report said these had not resulted in the desired effect of an effective civil service. It noted that demoralizing characteristics, including poor pay, political patronage, a slow response to adoption technological change ... corruption and gross indiscipline characterize the civil service, resulting in declining efficiency, effectiveness and productivity.

However, the report noted that Nigeria and its people showcase the best that Africa has to offer in terms of pride in African values, originality and creativity, spirituality, enterprise and belief in the supremacy of kinship and brotherhood.
Widely considered a pacesetter in these areas, Nigerian culture has been emulated and adopted in several African states, it said.