Jul 16, 2008

Akpa Mgbo (Bullet Bag).












Apparently, Militancy is now a growth industry in Nigeria, “Observers say that with Okah's media-savvy guidance, Mend transformed itself from a band of poorly organized thugs into an operation that had well organized propaganda and appeared to have a political mission.” Back in the day when you threatened to MEND anyone, it was restricted to blows with fists; I guess times have changed (for the worse). If you need to read more on the subject check here and here.
This my friend are strange times for the church in Nigeria, the crooks masquerading as men of God now out number the victims, but even then I was pretty confused when I cam across this piece of oddity, 40 Members of the Deeper Life Church die mysteriously after deliverance prayer session - Family of 3 dies of food poisoning. Please try to read the full text of the story before you pass judgment but even the faith a devout Christian would be shaken by the sorry state of evangelical worship in Nigeria today.
Proving once again that Nigerian courts are not retirement homes for elderly or well connected lawyers C' River: Appeal Court sacks governor Imoke and his Deputy. This is a particularly pleasing turn of events IMO, the arrogance of the man (Imoke) knows no limits and everyday that he is not in office is a good day, IMO.
From the land of “Naira Politricks” comes the very unsurprising news that Alleged N1bn loot: Ibadan elders, Afenifere, Ajimobi ask Alao-Akala to resign,. Although as a matter of general principle I am against pot assigning any manner of color to the kettle, the issue of politicians looting the treasury is getting out of hand. I mean in this century where do you plan to go and spend the money that O’lopa will not come after you?
Finally, all those people that thought that the Kalo Kalo place called the stock market in Nigeria was a risk adverse way to grow wealthy without hard work must be reassessing their permutations.




Recently Stock market volatility has been giving stock flippers ulcer. Omo, if anybody ever offers you free money look around you, you might be on Candid Camera, for a long time students in the US where borrowing government money to buy stocks in Dangote Sugar without regards to the downside risk of stock trading and for a while there was no downside risk. Every 50K stock offered at N3.00 sold on opening day for N3.50, well “E Bun la awon jo yen translated from very bad Yoruba this simply means “Gun are those days”. Now is when you will find out of your stock broker was worth all the commission he was charging you all these years.