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Editorial Suite

Odds against downstream deregulation - By Chijama Ogbu

 

Profile

Bar. Bello Mahmud: The New Registrar General for CAC

 

Cover

No 2nd Term for YarÁdua – Billionaire Debtors Vow

 

Facts and figures

Federation Account: How They Share N332bn in October

 

The Sharing of N27.8bn on Exchange Rate difference in October 2009

 

List of Federal Perm. Secs and their States - Non from Bayelsa

 

List of Major Debtors in Nigeria

 

Exclusive Interview

No more Needless Borrowing in Public Offices - Aliyu Yelwa, Boss of Fiscal  Commission

 

Monetary

CBN Supports Deregulation, Allows ETB to Rectify Lapses

 

Communiqué No. 66 of the Monetary Policy Committee Meeting

 

List of Major Debtors in Nigeria

 

National News

SMEDAN Advises Small Businesses on Good Idea

 

Odey Inaugurates Panel on IWMF in Niger Delta

 

Finally FG, States Share $2bn from Excess Crude Account

Honours for EFCC Boss in USA

 

State News

Kano Spends N1bn on Sports Development as Governor bagged ‘Sardauna’

 

IDB advances N3.15bn loan to KDSG as Governor Approves N18mn for Training 

 

 

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Economic Confidential, August, 2009

FEATURES

 

I Am Militant too, Mr. President

By Victor Segun Olomola

victorolomola@yahoo.com

 

 

Can somebody help me to convey my plight to Nigeria’s president to grant me Amnesty that could afford me special monetary allowances, free meals and courtesy call to the Presidential Villa in Abuja to shake hands with power-that-be?

 

Please I need amnesty. I read about youth gangs coming out from their hideouts with highly sophisticated guns to enjoy the largesse of the amnesty.

 

Unfortunately I have no guns to surrender but have my skinny body frame to prove that I and my family are in dire need of government urgent relief.

 

I wish the amnesty would extend to provision of generating plants for my households who have been in total darkness courtesy of Power Holding Company of Nigeria that never generate any so-called megawatt for enough electricity for minimum comforts.

 

I have searched and searched for any available jobs but all I receive in return is boldly written NO VACANCY at premises of even recruiting agencies. Please, I need this unconditional amnesty that I learn would keep confessed criminal militants some respite through training and loans to enable them set up a business.

 

I am a militant who has been in the struggle since I was born even when militancy was yet unborn in the Niger Delta. Poverty stared many families in the face that sending the children to public schools that churn out certified illiterates, is a luxury.

 

I know that the differences between criminality of Niger Delta militants and that of armed robbers is purely of nomenclature because they operate at the same level and for the same purpose of extortion through the use of weapons to intimidate, maim, kill and destroy all for worldly gains. In addition to these similar attributes, I am aware Niger Delta militants are more daring in the destruction of economic lifelines of the nation by the vandalisation of oil pipelines and kidnapping of innocent victims for ransoms while engaging in oil bunkering to deprive the nation of oil revenue.

 

Should I be forced to surrender any arms to benefit from the amnesty, I may only resort to the danegun inherited from my father for rat hunting which has been source of meat for the family or in the alternatives present old  kitchen knife we use to butcher bush meat for sale as a mean of livelihood.

 

I was not opportune to benefit from the inducements of some politicians and public officers who encourage the jobless youths to take arms for the purpose of rigging election through the intimidation and destruction of perceived political opponents.

 

Had I known that those sophisticated weapons procured by the politicians and given to the youths would in future appreciate like landed properties in monetary values through exchange with government, I would live all my life in the Niger Delta

 

I am still lamenting… regretting the fact that some self-confessed criminal militants would be beneficiaries of enticing packages of special training, allowances, salaries, loans and presidential handshake, while other citizens after their educational qualifications and even working experiences are still roaming the street looking for packages for survivals.

 

Please, can we all be militants so that government can deploy the revenue in the federation account to help us from joblessness and improve other social services for the citizenry?

 

Kindly convey my message to the President: that I am also a militant, who must declare so to enable me survive the hard time.

 

I am indeed jealous… very jealous to see known leaders of militants who were pardoned by the previous administration living in luxurious mansions, and riding exotic cars with body guards in our streets just for daring to be proud and confessed criminals.

 

Victor Segun Olomola is in the Editorial Team of Economic Confidential

   

SPECIAL FOCUS

List of Major Debtors in Nigeria

 

List of Bad Debtors in Federal Mortgage Bank of Nigeria (FMBN)

 

NEMA@10: The Story So Far

 

Questions and Answers on the Examinations of the 14 Banks by CBN

 

FEATURES

Africa's Foreign Reserves: In Reserve For Who?By Chika Ezeanya

 

Churches and Mosques Should Pay taxes - Mcdonald Koiki

 

Deregulating Robbery in Nigeria By Kola Ibrahim

 

Understanding Monetary Policy By Abubakar Jimoh

 

The Making of Ideal Economic Policies By: Salim Salihu Muhammed

 

The Putrid Mess Also in CBN By Les Leba

 

Still on Early Warning Alert System in Nigeria By Yushau A. Shuaib

 

District 9 and the Can of Wild Paradox by Segun Imohiosen

 

Nigeria: Time to Check to the Drift By Dansulieman Mohammed

 

Golden Casket: Between Gani Fawehinmi and Wacko Jacko- By Yushau A. Shuaib

 

NIGERIA@49: Tracing the Economic Intervention- By Abubakar Jimoh

 

NASENI: Striving to end Nigeria’s reliance on foreign good – By Umar Kari

 

Macroeconomic Framework for an Independent Economic Recovery- Salihu Muhammad

 

When Sony Undermines Campaigns of Akunyili and Aoandoka- By McDonald koiki

 

Archetypal Resurgence: The Lamido Sanusi Revolution- By Segun Imohiose

 

Banks and Money Laundering- By Les Leba

 

Oronsaye’s Civil Service reform- By hussaini Sani kagara

 

New Policy in the Civil Service: Hypocrisy at Work? –By Tope Ajakaiye

More Features

 

TAX MATTERS

* Church and Mosque Not Exempted from Tax - FIRS

… Use of Consultants for Tax Collection is an Aberration

*Finance Minister Advocates Partnership on Tax Issues

*FIRS Reopens PAN, Vows to Prosecute Defaulters

*How We Generate N808bn in Tax Revenue Within Six Months- FIRS Boss

*FIRS Generates Taxpayers Numbers for Bank Customers

*Historical Milestone as Online Tax Payment Begins

*FIRS Seals Two Oil Companies Over $610m Tax Arrears

*Firms Owed Govt N260b in Taxes

*Tax Identification Number to Reduce Tax Evasion- FIRS Boss

*Revenue Agencies to Make Full Disclosure- Finance Minister

*FIRS Delists 2 Banks over Non-Remittance of Tax