Pinnacle Trading & Investment Nig Ltd is NOT EFCC Auctioneer

The Economic and Financial Crimes Commission hereby wishes to dissociate itself from the activities of a certain Messrs. Pinnacle Trading & Investment Nig. Ltd. who have been parading themselves as auctioneers purportedly appointed by the Commission to dispose of impounded petroleum products aboard MT Good Success and MT Asteris.

The general public is hereby warned to refrain from engaging in any activity in relation to the auctioning of any vessel or petroleum product on behalf of the Commission, as EFCC has not duly authorized anyone to act on its behalf in that regard.

IGNORE BILLIONAIRE PASTORS: NEW YEAR MESSAGE 2017 FROM KWARA HEROS TO THE GENERALITY OF NIGERIANS AND THE WORLD

Hello Dearly Esteemed Nigerians and Global Citizens! 

Kwara Heros wishes to use this moment to say a resounding Happy New Year to you all. We thank God for the opportunity to cross over into the New Year 2017. There has been so many negative and damning predictions concerning Year 2017 from so many quarters. 

The economist believes that Nigeria is in for a hard time in 2017. Some famous Pastors of the Christain faith has predicted famine and difficulty. The reality on ground points towards all the things that are being predicted! However, there is a scripture in the Bible, in the book of first King, Prophet Elijah had just put to death 400 Prophets of Baal. A situation which annoyed Queen Jezebel, their patron. He had experiences with mysterious whirl wind, but the scriptures made it clear that God wasn't in the wind. He experienced so many other strong eye catching phenomenons, but God wasn't there. Alas, the voice of God came. It was a still, quiet voice. 

We urge Nigerians to ignore all the noices being made by so many of our Billionaire Pastors. Pastors whose riches are questionable and ought to form a case file at EFCC. God has spoken with a still, quite and gentle voice. He said "Because the earth is The Lord's and its fulness there of, I The Lord, I am moved to look down upon my people with mercy! Instead of calamity, the world shall know peace and celebration in 2017! Instead of famine, you shall revel in abundance! Instead of sorrow, there shall be joy, for mercy shall be released as my people have come before me in penitance". As many of us that keys into this promise, 2017 will unfold on agenda of joy, peace, prosperity and goodness; by the special grace of God. LET US NOT FORGET TO TALK TO ALL OF US AFRESH! We listened to one of the Tafsir of a highly respected Islamic Scholar, Sheik Dan Boronu. He spoke about the reality of humanity and the earth. 

WHY IS NORTH SO PRODUCTIVE AND YET SO POOR ?

Each time I travel across Northern states, all I see along the road is wealth, wealth, and more wealth.

From Kano to Katsnia to Zamfara and beyond. The sight of endless farmlands on both sides of the road is just amazing.
Despite this level of agricultural productivity, there still seem to be a high level of poverty in the North. This is what confuses me. The world can live without crude oil but cannot live without food. The people in food business are suppose to be more comfortable and self-sustaining than the oil-business people. Yet in Nigeria, it is the reverse.

According to CBN statistics, Nigeria spends N1Billion daily importing rice alone. That is N365Billion annually for rice only. The North is now positioned to have a majority share in this business. If you add all the agricultural produce of the North and check the statistics and the cash flow, you will see that the North has no relationship with poverty. Another statistic shows that Nigeria spends N24Trillion annually on food consumption. If the North dominates the agriculture sector, then they have no relationship with poverty.

SOUTH SOUTH & SOUTH EAST NIGERIA: AN AWAITING CONFLAGRATION

From the moment the locomotive called Nigeria was economically redesigned to fully run on 'Crude Oil', at the expense of the country's other enormous mineral resources, the number of illegal arms and ammunition vis-a-viz the number of militants, hoodlums and rogues in the south south and in the south east Oil producing Nigerian States has grown exponentially and in return lead to the agitation for Biafra nation, emergence of numerous accidental Multimillionaires and Billionaires, incessant political killings, rampant kidnapping, armed robbery and pipeline vandalism Et al in that region...

Obviously, that 'flash-point of war' region is sitting on a 'keg of gun-powder' waiting to burst into a magnanimous conflagration capable of consuming both the trigger and the innocents. In other words, the President Buhari led government must carefully diagnose the illness before administering the prescribed medicine for patients who are suffering from 'pipeline vandalism sickness' or choose to usher the 'political insanity' into a full blown anarchy, because anything more or less than the actual dosage may lead to a continuous catastrophe.

EXPEDITE REPATRIATION OF OUR STOLEN FUNDS, PRESIDENT BUHARI TELLS INTERNATIONAL COMMUNITY

President Buhari and Executive Secretary of
UNODC, Mr. Yury Fedotov

President Muhammadu Buhari Thursday in Abuja urged the United Nations Office for Drugs and Crime (UNODC) to facilitate the faster recovery of Nigeria’s stolen wealth stashed abroad.

Receiving the Executive Secretary of UNODC, Mr Yury Fedotov, President Buhari said that the process of recovering the stolen assets had “become tedious’’ to the consternation of many Nigerians.

“We are looking for more cooperation from the EU, United States, other countries and international institutions to recover the nation’s stolen assets, particularly proceeds from the stolen crude oil.

“It is taking very long and Nigerians are becoming impatient,” the President said.

Devaluation: Naira-dollar exchange rate circa from 1984 to 1993 (roughly)

In 1984 the Naira-dollar exchange rate was 2:1 at the end of Shagari;

In 1985 it was 4 or 5:1 (under IMF pressure). Buhari overthrown in August 1985

By the time IBB left (1993) it was 80:1 (under SAP et al).

During Abacha's regime (1993 - 1998) it was circa 85:1. The dynamics of Abdulsalami, Obasanjo (2), UMYA, and GEJ can be tracked carefully as well and context placed in evaluating Buhari (2) since 2015.

Meanwhile the slide continues...., accelerating wildly as international Oil prices have dropped post GEJ - for multiple micro and macro reasons, including infrastructure collapse, criminality, etc...National development plans to position Nigeria for the future have been systematically underperforming since 1975....

China Deal: PMB has done it again, school cert holder (?) has done what a PhD holder could not

Very simple economics. We buy most of our goods from China, so why must we pay the Chinese in dollars? The Chinese buy a lot of crude oil from us, so why must they pay us in dollars

So PMB made a deal with the Chinese. We pay for the goods we buy from China in Yuan, the Chinese currency. They buy our crude oil and pay in Yuan.

The exchange rate is to be pegged at 30 Naira to one Yuan or RMB.

So how does it favour us? Simple.

The Yuan is now 6.48 to a dollar. So if you pay 30 Naira to the Yuan, that would be equivalent to 194.4 Naira to the dollar.

Since the dollar exchanges for 199 Naira, you save N4.6. 199 - 194.4 = 4.6. Simple, huh?

In simple terms, PMB has just strengthened the Naira by 9.15%!

STATE HOUSE PRESS RELEASE: DIVERSIFICATION OF NIGERIA’S ECONOMY NOW A MATTER OF URGENCY – BUHARI

Profile Picture

President Muhammadu Buhari Friday in Guangzhou, China, said that his administration will take urgent steps to restructure Nigeria’s economy by encouraging new investments in mining, agriculture and manufacturing.

Speaking at a reception in his honour by the Communist Party of China, President Buhari said that Nigeria will welcome the support of the Chinese government, foreign investors and local businesses for efforts to diversify the nation’s economy.

The President noted that the diversification of the Nigerian economy was long overdue as continued reliance on crude oil exports had always made the economy vulnerable to shocks.

WALLAI!!! President Jonathan Pampers And Breastfeeds Corruption

Alison-Madueke was alleged to have spent N10b on a chartered Challenger 850 aircraft in two years for which the House of Representatives is currently probing her.

The Nigerian President has once again proven beyond doubt that his administration tolerates, pampers and breastfeeds corruption with the recent lackadaisical attitude of the government towards the recent misappropriation of funds by the Minister of Petroleum resources in the person of Deziani Alison Madueke, who has always enjoyed presidential sympathy no matter the magnitude of her crime, which is evident as she has the effrontery to embezzle with impunity.