BUHARI'S EXECUTIVE FINGER POINTING

Management experts, public or private, tell us that to lead a team or people successfully, you must not only have sterling leadership qualities, you must also know how to hide your weaknesses.
They recommend, for example, that to be a good manager of men and materials, you must be prepared to source for or develop aids who are strong where you are weak.
One hopes Nigeria's President Muhammadu Buhari subscribes to this.
Sure, the President is strong in executive finger pointing. Aided by fellow General Tunde Idiagbon way back in 1984 during his first coming, he demonstrated this very well as Nigerians alive then were made to believe absolutely, that overthrown Shehu Shagari's regime was rotten and corrupt.
Then we heard and we believed that a Chief Adisa Akinloye, the chairman of Shagari's ruling party was so corrupt that he  had bottles of wine labelled with his name, manufactured.
We also heard and we believed that Shehu Shagari's super minister, Umaru Dikko was so corrupt that crating him home from the United Kingdom to face charges would be the best thing that ever happened to Nigeria.
Well, crating  of Umaru Dikko from UK, though showcased James Bond style and expenses, turned out to be a fiasco and a national embarrassment.
Yes, from that first coming of Buhari, Nigeria and Nigerians did learn some lessons in discipline but we also reaped the famous 53 suitcases imported into this country reportedly by executive fiat at a time all borders were closed to avoid exactly that.
Till date, no one has been able to resolve the puzzle behind that importation. Perhaps, the custom officer who reportedly blew the whistle then, Atiku Abubakar, could update us? May be not.
Hence, with all the help from Uncle Sam's (America) secret agents and banks; and the APC publicity machinery ( PR guru Lai Mohammed,) it is hoped that closing the leakages from government coffers will not be the main thrust of Buhari presidency. This is because Nigeria needs desperately to close macro economic leakages and manage the national appetite effectively.
If not one can not see savings from clinically executed anti corruption war  guaranteeing employment and food on the table for the majority as our very friendly America continues to undermine the oil cartel and others continue to dump goods on Nigeria.

Comments

Post a Comment

Popular posts from this blog

2018: TWO BLOWS TO UNITED CAPITAL PLC.

When a child who in a previous examination scored 80%, comes home with a new report in which he now scores 67.2%, the parents have a right to sit him down and ask how come. So it must be between Nigeria's United Capital Plc and its discerning shareholders since the release of the company's 2018 audited figures. In 2018, all said and done, says the annual report, United Capital ended with 67.2 % profit margin compared to 80.2% in 2017. How come? What comes across from the figures was that the company received 2 blows to the jugular in 2018: Sharp drops in Investment income and fair value gain. Investment income dropped by 10.8% to N4422.8m from N4965.2m while fair value on financial assets plunged by 79.7% to N6.173m from 2017's N30.387m. In view of both drops, the group's gross earnings grew by only 33.9% to N9259.4m despite strong growths in net trading income, and net operating income leap to N757.5m from N143.5m  Other income streams ended with single digit increase....
Read more

KENYA AUCTIONS Ksh 13.84bn Treasury Bonds.

The Central Bank of Kenya (CBK) will from Tuesday December 18 to 27th 2018_ auction Ksh 13.84bn worth of fixed income Treasury Bonds with issue date December 17, 2018. According to official statement from the Director of Financial Markets Irene Njiru on Monday December 17, auction will continue throughout the stated period or close once the target money to be raised is reached, whichever comes first. Bid value will be paid for at most by 2pm December 31, 2018 while auction results will be made public on December 28, 2018 after the scheduled closing date. The bonds are being issued at 12.502% fixed interest at an adjusted average price of Ksh 100.468 for Ksh 100 bond. However, price payable after auction results publication will be average of successful bid prices based and allotment will be on first come first served basis. Meanwhile, the monetary operations and debt management department has released the interest payment schedule for 13 Treasury Bonds due January and February 2019. Th...
Read more

NAIROBI SE's HIGH PRICED EQUITIES.

In the wake of Nigeria's high priced quoted companies posted in this blog a while ago, Henates took a look to at Nairobi Securities Exchange June 23 official list to identify its high priced equities and the outcome was interesting too. Of the 66 companies quoted on the market by June 23, 15 or 22.7% were valued averagely at above 30 times nominal value. A word of caution though: There are two clear differences between the Nigerian stock market list and that of Nairobi: In the Nigerian one most listed companies have par or nominal value of N0.50 as is there is an implied agreement on this. On the other hand, at Nairobi most of the equities do not share common par value, they differ greatly. Then another thing, Nigerian equities are not valued below par, Nairobi ones can and many are so valued. Of the top 15 high priced equities at the Nairobi market, Safaricom topped with because by June 23, at 23.25 Ksh average price, it was valued 465 times its nominal value of just 0.0...
Read more