Beiträge von Eldorado

IQ %BLACK %WHITE nBLACK nWHITE
100 - 1.31 - 50.0 - 524,000 - 2,000,000
105 - 0.48 - 36.9 - 192,000 1,476,000
110 - 0.15 - 25.2 - 60,000 1,008,000
115 - 0.043 - 15.9 - 17,200 636,000
120 0.011 9.1 4,400 364,000
125 0.0023 4.8 920 192,000
130 0.00044 2.3 176 92,000

Scary Stuff about Black IQ: Blacks & Whites with IQ > 130

Only 1.31% of Blacks have an IQ of 100

[Here is another in a series of emails, all of which I will put on the site about black IQ. The source appears to be someone in France!! I've not been able to check the website out myself, but I'll go there to take a peek. It is a series of emails and exchanges and it brings us back to how many blacks in S.Africa have an IQ comparable to that of the upper echelons of the Whites who already live here. It reinforces my own experiences that it is whites who are creative and who really should be leading this society. Even though we make up 1/10th of the population, we are actually the foremost thinkers in this society - and practical experience in most parts of this society confirm that.

Hence Mbeki can take his Native Club and smoke it... they can't match the raw intellectual talent which exists among the "native white Africans" who already live here. Without us... he's not going anywhere... and nor will his CIA and MI6 buddies get anywhere either because they're backing a dead horse. They can pretend all they like that they can live without us whites... but we are a real and valid force, and if we're ignored, then they will fail. But... because we have our own inate talent... *WE* can live on without them, and prosper without them. We don't need them. They need us.

There are lots of Indians in the ANC. From my previous readings, the IQ of Coloureds is 1/2 between that of blacks and whites - since IQ is largely inherited. So there will be many more Coloured intellectuals than blacks. I would love to see exchanges and thoughts on this. I'll bet the Coloureds and Indians who number less than the blacks still have more people among their groups with IQ 130+. My guess is, that though the blacks may be the largest in sheer numbers, that on IQ, they will score the lowest of all the races. That's my guess.

The ANC does lean on Muslims and Indians to a degree.

http://www.lagriffedulion.f2s.com

An adult black man is seven times as likely to be found housed behind bars as is his white counterpart.

Paradoxically, the largest disparities are found in political domains controlled by liberals -- the leaders in the struggle for racial justice. By examining how criminal behavior is distributed within the races, the paradox is resolved showing it to be an unintended consequence of liberal benevolence and goodwill..

Summary:

Africans and coloured people consider the areas where they live to be the most unsafe places in Cape Town.

Whites living in Cape Town feel particularly unsafe in the city centre.

Forty one per cent of people feel very unsafe in their area of residence after dark.

Seventy seven per cent of respondents believe crime in Cape Town has increased compared to previous years.

Burglary is considered to be the most frequent crime type occurring in people's areas (48 per cent), followed by gang-related crimes (19,2 per cent).

Of male assault victims, 42,6 per cent believe their assaults were gang-related.

Loss of life is the most feared aspect of crime in Cape Town.

http://www.iss.co.za/Monographs/No23/Perceptions.html

South Africa:

Important: ANC's funds drying up.
To plunder R310 million from Taxpayers!!

[This story is extremely important.

There are many issues herein. I remember, before the 1999 elections that I saw an article saying that the ANC had a "war chest" with a staggering R1.2 billion for the coming election!!

I remember too, that the ANC was receiving money from foreign countries directly into its war chest. The ANC was rolling in the money.

So why is the ANC now bankrupt? My guess is that the Western world and the ANC's business allies, etc might be dumping the ANC!
If this is indeed the case then its EXCELLENT. It means the world is starting to turn their backs on the ANC. The ANC's flirtation with the West may be ending. The West may already have dropped the ANC. So this could add to the impetus to drive the ANC to a more radical approach.

Now, if the Democratic Alliance had any true balls, then it and others would stand up to this ANC move and would railroad it - because by doing so, the ANC would be the one which is left the most in the lurch.

But, what's the bet that the ANC will get other parties to go along with this, just like it did with the scumbag floor-crossing legislation? It will promise everyone money (even though the ANC will be the biggest beneficiary)... In effect, the ANC could lead us towards the wholesale plundering of taxpayer money to fund our useless political parties!

Let me point out that what the ANC doing is exactly the same as what Mugabe has done in Zimbabwe. He's been plundering in the same manner and the same basis, by using state funds to actually fund his evil little communist regime!

So you can see where this country is heading now! If this legislation is passed, and they start plundering the coffers to fund themselves, then it will be just one more step closer to us being a Mugabe-like state! Jan]

ANC WANTS R310-MILLION FROM TAXPAYERS FOR ITSELF

THE MERCURY (Fri. 20/10/06) Angela Quintal – Political Editor.

The cash-strapped ANC has its sights set on parliament and the taxpayer effectively bankrolling its party work, and helping it secure another election victory. The proposal has already been described by one minority party MP as “wholesale plunder.” The estimated cost would be at least R310-million.

Included in this figure is R3-million to provide drivers and security for MP’s over the age of 70, and R8.56-million for the security of women MP’s.

Other political parties in parliament would also benefit, should the ANC proposal – tabled at Wednesday’s multiparty chief whip forum – be accepted. However, the decision on how much would be allocated in next year’s parliamentary budget is ultimately that of the Treasury.

The official line on the need for more funds is that it is necessary to beef up the capacity of MP’s to do constituency work and conduct oversight of the executive.

ANC officials in parliament could not be reached for comment yesterday, while the party’s national spokesperson, Smuts Ngonyama, said he did not know anything about the proposal. The Institute for Democracy in South Africa’s Judith February said last night that the ANC’s proposal was a wish list and should be viewed as such.

“The (parliamentary) budget has not been spent adequately over the past years, and so the parties will have to prove that they can spend the money in the allocated time. Of course, constituencies need to be funded adequately, but again it’s about using the resources optimally,” she said.

Parliament’s annual budget already tops R1-billion, but the proposal for more money, if accepted, would see it expanded by another estimated third just for the ANC alone. Given the ANC’s huge majority in both houses of parliament, the ruling party would benefit the most from the proposed deal. It has 279 MP’s in the 400 Member National Assembly and 36 of the 54 permanent delegates in the National Council of Provinces.

This funding request would be in addition to the Independent Electoral Commission funding political parties receive.

The Represented Political Parties Fund stood at R74.1-million last year, with the ANC getting R49.3–million and the balance divided among 16 smaller parties.

The largest chunk of funding the ANC wants is for constituency work, which an opposition MP said gave it the funds to effectively employ “party organisers.”

R180-million for constituency allowances.
R27-million for 27 parliamentary co-ordinating offices.
R12.6-million for security in constituency and co-ordinating offices.
R2.2-million for a parliamentary constituency head office.
R64.4-million for support staff and operational costs.
R10.6-million for strategic planning workshops.
R3-million for security and drivers for members of parliament older than 70.
R8.5-million for security for women MP’s.
R1.9-million for party leadership support.

Amazing S.African Economic Fact

I spotted the following fact on a bank statement from my bank. It reads: "Did you know that S.Africa accounts for almost 45% of the GDP of the entire African continent, with an economy three times the size of the second biggest (Egypt)."

The above does not surprise me. It shows once more the key to Africa is, as I have said many times, S.Africa. I am quite sure the Western world knows this and that's why so many foreign powers play in S.Africa

S.Africa:

Shocking latest news on Army HIV rate

I have heard from many sources over the years, at our two major military hospitals that the number of troops with AIDS in their care is extremely high. I heard one estimate from a psychologist at No 2 Military Hospital in Cape Town, that some years back, 90% of the troops in hospital were HIV+.

So there is no question that MOST of the illnesses suffered by our military people is the result of being HIV+.

I need to remind people that just because 90% of those in hospital are HIV+ does not mean that 90% of the population is HIV+. What it really means is that 90% of the illnesses suffered by that group are HIV related. Nevertheless there must be a very high actual infection rate.

I heard from an old and trusted source of mine that the HIV rate in the SANDF is shocking. Apparently when the ANC had to send two companies of troops on peace-keeping missions, they struggled to find even 80 non-HIV+ combat-ready soldiers!!

I was told that 2 years ago, they did a study and estimated that our army is 76% HIV+. But, the latest figures are a shocking: 83.6%. Jan

Mom dies in suspected robbery

2006-10-22

Johannesburg - A woman was shot dead, and her partner wounded in what may have been a robbery in Craighaven, Johannesburg, Netcare 911 said on Sunday.

Paramedic Mark Stoker said a security guard at the gate of a townhouse complex was tied up, as was the couple's domestic worker.

Two children - one belonging to the domestic worker, and one to the couple - were also in the house during the shooting.

It was not known whether the couple were married or engaged.

The man was taken to hospital after being shot in the chest and was in a stable condition. The woman was shot in the upper body and died on the scene.

According to Stoker, the shooting happened at about 21:30 on Saturday night.

Police spokesperson Sefako Xaba said he had attempted to get information after hearing the story, but "police didn't know anything about the incident".

The nearby Sandton and Douglasdale police station's phones just rang and rang but no answer.

News24/SAPA

Ich lasse mir den letzten per email schicken,da gibt es einen link fuer die Anfrage auf deren Webseite.

O-lala..... Edelman

Gogh, du hattest mal ein schoenes Bild von den bunten.
Es gibt ja einen thread der ein wenig verstaubt ist.

http://goldseitenforum.de/thre…?postid=116456#post116456

Kann mir vorstellen sie sind leicht zu kaufen aber schwer zum richtigen Preis wieder zu verkaufen.
Ich kenne mich nicht aus welchen Wert die eigentlich haben und die Gefahr zu teuer zu kaufen ist mir zu gross.
Ich hatte mal einen Karat, der ging verloren so klein war der.

Bei einer Unze Gold hat man es leichter als mit einem Karat.
Ich bleibe lieber bei Gold und Silber,dieser Bereich Diamanten ist mir zu kompliziert.
Jedoch im Depot sind Diamanten Aktien wie ABZ.TO TAH.TO SWY.TO.
Das reicht mir fuer den Anfang.

Enjoy the rest of your weekend.

Eldo

Emoba, na wo ist er ?
Hast Recht, da fehlt einer.
Ich habe nur den vom Ende Mai.
http://www.oremex.com/i/pdf/2Q2006.pdf
Die letzten PP's am 19.Mai gingen fuer 75 cents.
Ich stock mal blind auf,finde sie preiswert auch ohne quarterly.
ORM kommt OK.V gleich, jedoch ORM hat mehr Reserven und sind preiswerter im Moment.

Gruss

Eldo

Hoere mir gerade wie jeden Sonntag Harald Seigel an:

http://www.hesradio.com/radioshows.html

Er sagt, das Goldman Sachs im August,nachdem ihr Chairman und jetziger US Treasury Chairman Henry Paulson ueber 6 billion USD Gas mit futures gedroschen haben. Danach ging es auf die anderen Rohstoffe und die EM die durch Paulson wie ein ""Wunder"" (Deriviate von GS) gefallen sind..
Das stinkt zum Himmel,eine Manipulation zu Gunsten der Republikaner.
Die meisten Amerikaner haben keine Rentenversicherung, 3800 Cash in der Bank, 90.000 USD Hausdarlehen, 2200 USD Creditkarten Schulden.
Der Housing Market ist in deep trouble, um den zu retten muss der Fed die Zinsen sinken.
Das gab es noch nie, als Opec eine million barrel oil weniger produziert fiel der Oilpreis, normal ist das er um 3-4 Dollar in der Vergangenheit anstieg bei geringer Produktion.
Er meint das Gold erst die 640 durchbrechen muss um auf neue Hoehen schnell zu steigen, bei Silber sagt er 13.50 USD.
China verbraucht sein eigenes Silber und bleibt Importer, die verbrauchen ca. 3000 tonnen Silber pro Jahr, Bedarf steigend.
Weltweit wird 20.000 tonnen produziert, 1.5 billionen Unzen sind auf der Erdoberflaeche. Verbrauch pro jahr 600 millionen Unzen falls ich das richtig verstanden habe.
Ich rechne mit einen PoS von 16 USD bis Weihnachten 2006.

Wusstet ihr schon das von 10 tausend Karat Diamanten nur ein Karat ein farbiger Diamant ist.

Vor 30 Jahren kostete ein Karat roter Diamant 30.000 USD, heute
2-3 millionen USD.

Ebenso Blau und Gelb, die stiegen von 10.000 USD auf 300-400.000 USD pro Karat.

Bei rosa von 20.000 auf eine halbe million USD im selben Zeitraum.

Gruss

Eldo

Ich hoerte gerade Bob Hopper und David Bond,beide kennengelernt beim letzten Besuch in Idaho.
David war in China, dort geht die Post ab und der Silberbedarf ist dort weit groesser als das GDP.
Minco und Silvercorp hat er auch besucht, alles laeuft dort prima.
Die Zukunft fuer Silber ist unlimited, neue Nano Silber Produkte wie Socken, Kissen, Kleidung, Matratzen,Zahnpaste etc erobern den Markt.
David sagte er erwartet einen PoS von 20 USD bis Weihnachten.
Ja, das waere schoen.

Ciao

XEX

Freefly wenn du davon ausgehst das Oil wieder bei 40 USD liegt dann bleibt zumindest der USD stark.
Ich denke eher das in den naechsten Jahren der Oilpreis dreistellig ist.
China z.B. hat einen Wachstum von 12%, falls eine Rezession kommen sollte dann fahren die immer noch 6% ganz locker rein.
Fazit ist das mehr Energie verbraucht wird als eigentlich vorhanden ist.
Die Oilfelder haben noch Luft fuer drei Jahre dann fliesst weniger Oil.
Lassen wir uns auf der Tankstelle ueberraschen in den naechsten Jahren.

Rohstoffe:

Mit 3,5 Milliarden Asiaten steuert die Welt auf einen Rohstoff-Nachfrageschock zu
Der Energiehunger in Fernost wächst mit zunehmendem Wohlstand. Energie- und Rohstoffwerte sind auf Dauer eine Anlageformen, die ins Portfolio gehören

http://www.welt.de/data/2006/10/21/1080102.html

Cheers

Eldo

nicht angezeigt

Eine sehr gute Performance von Craton, Platz 2 nach VGPMX (45.35%) kam Craton mit (41.61%) seit meiner Messung.
Platz 3 ist USAGX mit 39.4%.
Insgesamt habe ich zum Vergleich 10 Goldfunds am Radar.
TGLDX GOLDX RYPMX USERX BGEIX SCGDX UNWPX sind die anderen.

Ich liege bei 17%,wie Craton das macht ist eigentlich ein Wunder.
Der HUI wird ebenso um weiten geschlagen,die muessen staendig verkaufen und kaufen so wie es ausschaut.
Ein Bekannter von mir kaufte die Craton und hat wenig von der letzten EM Korrektur abbekommen.
Ich selber fuehre meinen eigenen Fond,fuer Leute die wenig Zeit und Geduld haben ist Craton sicherlich eine gute Anlage soweit.
Take it easy, take a Goldfond,they do the job for you..
Fuer ein Uranplay/Oil/Gas/EM empfehle ich PNP.TO der besonders anstieg.
Fuer alternative Energie...MNE.L und PBW die haben den Boden gebildet.
Alle drei outperformen den Index, ich halte diese im Depot.
Ein drittel Craton und zwei drittel Pinetree ist ein guter Mix.IMO
Leider keine Chart von Craton, so lege ich Platz 1 und Platz 3 rein.
Ebenso ganz rechts die (PNP.TO) die haben alles im Program.
http://www.pinetreecapital.com/
Financials:
http://www.pinetreecapital.com/pdf/webreport06Q2.pdf

Jahres Chart:

Silver Production

by Bryant Blake

After reading how Mr. Frank Veneroso is bearish on silver and how he believes supply is going to expand, I decided to check silver production in 2006 versus the previous two years. The Silver Institute compiles a list of the 20 top silver producers each year. I have been able to find the 1st 6 month or 9 month production results of 11 of these companies. These results were obtained from the company’s web sites, quarterly financial statements or from response to my emails. A twelfth result, was obtained from Barrick which responded to my email saying they do not keep quarterly statistics on silver production, but expect to produce 10 million ounces this year. A listing of the top 20 companies in 2004, and their 2004, 2005, and estimated 2006 production, in million of ounces, is shown below.

Rank Company Country 2004 2005 2006

1 BHP Billiton Australia 49.7 53.8 38.4
2 Indust Penoles Mexico 44.5 47.4 44.9
3 KGHM Polska Poland 43.2 40.0 40.2*
4 Grupo Mexico Mexico 19.4 18.5 15.4
5 Kazakhmys Kazakhstan 17.7 20.5 21.4
6 Barrick Gold Canada 17.3 12.5 10.0
7 Polymetal Russia 17.3 18.9 17.0
8 Rio Tinto UK 14.8 14.9 13.1
9 Coeur D’ Alene USA 14.1 13.7 12.1
10 Cia de Minas Peru 12.8 15.3 14.3
11 Xstrata Australia 12.2 13.3 8.2
12 Noranda/Falconb. Canada 11.6 12.5 12.5*
13 Volcan Cia Minera Peru 11.3 11.1 11.1*
14 Pan American Canada 11.2 12.5 13.3
15 Zinifex Australia 11.0 9.7 9.7*
16 Codelco Chile 9.6 9.2 9.2*
17 Newmont USA 8.5 9.2 9.2*
18 Cai Minera Ares Peru 7.9 7.6 7.6*
19 Boliden AB Sweden 7.7 7.3 7.3*
20 Comsur/Goldcorp Bolivia/Canada 7.2 7.2 4.4
TOTAL 349.0 355.1 319.3

The 2006 figures are annual estimates based on the 1st 6 or 9 months results. The one exception to this is the top producer, BHP Billiton whose production dropped drastically from the 1st to 2nd quarter. For BHP the 2nd quarter result was used and extrapolated for the entire year. The 2006 figures with an asterisk indicate that the 2005 figure was used because 2006 data could not be found and the companies did not respond to my emails. The only change to the Silver Institutes list from 2004 to 2005 was number 20 which was Comsur in 2004 and was Goldcorp in 2005. The 2006 figure for the number 20 spot uses an annual figure for Goldcorp based on their 1st 6 months of production this year.

This list shows how difficult it is for the majors to increase production even with the higher prices this year. The only producers with significant growth this year are Kazakhmys, and Pan American. On the contrary, most of the production rates have dropped, including significant drops by BHP Billiton, Grupo Mexico, Barrick, Coeur D’ Alene, Xstrata, and Goldcorp.

A far as new supply in coming years, Coeur says new mines in the next couple of years will return them to the number one primary producer, a title which has been won by Pan American this year. Apex Silver is scheduled to start stripping overburden at their San Cristobal project next year. The San Cristobal mine is anticipated to produce 22.3 million ounces of silver per year. This mine should be opened with the only obstacle being that Apex has lost 10’s of millions of dollars already by hedging this mine. A 2nd major project is Barrick’s Pascua-Lama which Barrick had said they would open in 2009. This mine is anticipated to produce 30 million ounces per year; however, environmental resistance to the mine has surfaced due to potential damage to glaciers which supply local communities with water. I believe a suit has also been filled against Barrick regarding the case that they only paid $10 for the land or mineral rights to the owner of some of the Pascua-Lama property.

The Silver institute gives total 2004 silver mine production to be 620.4 million ounces and 2005 to be 641.6 million. That means that smaller producers (other than the top 20) produced 271.4 million ounces in 2004 and 286.5 million ounces in 2005. This means smaller producers increased production by 15.1 million ounces between 2004 and 2005. The above table shows production by the top 20 is projected to have a 35.8 million ounce drop this year. If we assume the small producers have another 15.1 million ounce gain this year, total production will still drop 20.7 million ounces to 620.9 million. This returns production to roughly 2004 levels, and means that 2005 may have been a watershed year.

I don’t doubt Mr. Veneroso’s claim that new production will come on line. The problem for the bears is that old production is going off line. Based on the above production list, I leave it to the reader to determine which of the following is true. Either the Silver Institutes 2005 numbers are inflated, or I can’t read production tables and emails (had my eyes checked last year and did not need glasses), or Silver production by the big boys is falling fast.

Maybe fast enough to send the last 4 bears on COMEX. running.

I do own silver and silver shares of Goldcorp.

END

Hi Visconti

Hoert sich ja gut an mit der Silber Shortage...mal schaun wie short die sind im... long run.
50-100$ ist schwer vorstellbar in der kurzen Zeit. IMO.

Cheers

XEX

Gold Watch: Traders remain cautious at $600

By Jon Nones

20 Oct 2006 at 03:17 PM

Gold for December delivery was last down $5.70 at $596.80 on the New York Mercantile Exchange, retreating from an intraday high of $602.80.

Gold futures sank again today as weakness in oil prices fell, but the contract still looked to gain 1% for the week as a whole, according to CBS MarketWatch.

For gold, "plenty of resistance lies between $600-$608, the upside break-out level on the charts," said James Moore, an analyst at TheBullionDesk.com.

"We are getting closer to a reversal confirmation here, until then, the downtrend channel remains the force to reckon with," said Peter Spina, chief investment strategist at GoldSeek.com.

Looking further ahead, "we could see oil move easily back to the mid-$60s and this appears to be enough impetus to take gold definitely back above the $600 levels,” he said. "We remain confident that pullbacks in this secular bull market are a buying opportunity for both short- and long-term investors.”

This morning’s gold rally fizzled in early floor action as traders were confronted with tough technical barriers cashed in on the gains, according to Reuters.

"Crude is still up, but there's very light volume here today, so I'm not making much of it," said a floor broker. "We had some follow through overnight, so this morning they might be taking some profits, a little evening up for the weekend."

"Energies have obviously been a big help as well. They reversed almost at the same time as gold started to work its way back up," said Scott Meyers at Pioneer Futures. "To really make this thing bullish, I think another settlement above $600 will be constructive."

"It's just part of a commodities play. We're going to see higher volatility. There is going to be big up days and big down days," Meyers predicted.

Some investors bet the rally to $600 an ounce yesterday was overdone, according to Bloomberg.

“The speculative interest at $600 is rather cautious,” said Stephen Platt, a commodity analyst at Archer Financial Services Inc. “You've seen the fund business migrate to other markets and away from the metals.”

“Oil remains a factor in the gold market,” said Platt. “The OPEC reaction is a little disappointing. The market seems nonplused by the move by OPEC.”

“There's a minor amount of profit taking,” said Frank McGhee, head metals trader at Integrated Borkerage Services Inc. “You've got some investors selling after yesterday's $10 run.”

Nedbank Treasury says gold will remain well supported within current levels.

“Gold appears well supported at the base of its 2006 trading pattern presently at $570/oz, with temporary upside resistance around $600/oz and a ceiling at $615/oz,” according to a daily note.

Copper saw its December contract pull back from a high of $3.52 a pound to last trade down 5.95 cents at $3.45. December silver futures fell 18 cents to $11.98 an ounce, while January platinum lost $11.80 to $1,083 an ounce and December palladium was off $9.40 at $328 an ounce

Oder die mit den schlanken Beinen (ORM.V) ?

Die sitzt auf 50m Unzen Silber,sie sieht ebenso gut aus.

Nigeria: Past Leaders Stole $500 Billion

[Not surprising at all. Nigeria is proof positive, that in Africa, NOT EVEN A WEALTHY COUNTRY can help uplift its own blacks.

Nigeria is the proof that S.Africa won't ever work

Hello Jan and others:

Man, reading this one, I can only think of the countless million's falling over as Bob Gono was clapping and children are dying....

Quote:(involvement in corrupt practices since independence, declaring that the nation lost over $500 billion to their financial profligacy.)

Take that to the bank, your own leaders are putting the screws to you, but I am sure they will either die in the police car, get amnesty and/or escape the country to somewhere like Sweden with that Large bank account that they now have "Money"?

Enjoy the the article as much as they enjoyed the cash and the 40 years putting it together, can ya sa BEE, AA, BAE and all the plans of enrichment, because thats what they are - get rich schemes!!!!

QUOTE:

That is to say that the money that past Nigerian leaders have stolen in a 40-year time could have recreated the beauty and glory of western Europe six times all over in this country - NOTE: SIX TIMES OVER they could have REBUILT AFRICA even SIX TIMES OVER... Can ya think about the new houses for everyone the past 40 years????

I wonder how many CHILDREN would be starving if that would have been used to FEED them BONO the Clown????

I don't hear anyone clapping?????

That's a lot of corruption in anyone's land can someone say "ENRON"

Yea it happens here too! Even in The USA...

QUOTE:

Without seeking to befog you with statistics, corruption has cost us 220 billion pounds ($500 billion) of development assistance that has been stolen from this country since independence by our past leaders - NOTE: That's why you don't see people jumping on the feed Africa band wagon anymore like they use too... People have became smart to the Nigerian and african scam games we just ain't as naive as we used to be..

The downfall is the people who really need the assistance really are there.. and what about them... the deal is it's hard to tell the snakes from the Cobra's!
Mr D

Nigeria: Past Leaders Stole $500 Billion - Ribadu
Daily Champion (Lagos)
October 18, 2006
Posted to the web October 18, 2006

Malachy Uzendu
Abuja

ECONOMIC and Financial Crimes Commission (EFCC) chairman, Mallam Nuhu Ribadu Monday appraised past leaders' involvement in corrupt practices since independence, declaring that the nation lost over $500 billion to their financial profligacy.

Mallam Ribadu who specifically flayed corruption in public offices, lamented that so far only one per cent (about $5 billion) of the loot has been recovered.

This revelation is coming even as Human Rights bodies have advised the EFCC to always follow due process and observe human rights in the discharge of its duties.

Ribadu who spoke in Abuja at the launch of Fix Nigeria Initiative, added that through the 1998 Central Bank computations, "N200 billion was lost in one of the most spectacular elites plundering of citizen's resources via the failed bank phenomenon."

Appraising EFCC activities in the past three years, Mallam Ribadu said the commission so far received about 8,610 petitions out of which 2,103 cases are still under investigation.

He disclosed that more than 2,000 persons have been arrested while 306 cases involving other suspects are being prosecuted by the commission.

Of the $5 billion so far recovered, Mallam Ribadu noted that several houses, land, luxury cars, airplanes and oil tankers have been confiscated in 90 convicted cases.

"Corruption in Nigeria takes on the complexion and reality of a systematic and endemic nature and it can dissolve and rupture an otherwise thriving state.

"Without seeking to befog you with statistics, corruption has cost us 220 billion pounds ($500 billion) of development assistance that has been stolen from this country since independence by our past leaders.

"That is to say that the money that past Nigerian leaders have stolen in a 40-year time could have recreated the beauty and glory of western Europe six times all over in this country.

"By 1998, the Central Bank had computed that N200 billion was lost in the failed bank phenomenon," he stated.

The EFCC boss who gave insight into what commission achieved said that it had recovered N18 billion from unnamed former head of law enforcement agency and another N50 billion from a state governor.

"The Fix Nigeria Initiative is therefore conceived to address this reality that the EFCC and other anti-corruption agencies can only effectively fight and eliminate corruption through the active participation of the community and the broad sections of the civil society organisations (CSOs), the private sector, the faith community and all of you to become active agents in the fight against corruption," he added.

The director, Centre for Democracy and Development (CDD), Dr. Jubril Ibrahim, even though he applauded the fight against corruption, warned that rule of law and human rights must prevail.

Drawing inferences from happenings in Ekiti and Plateau states, he accused EFCC of adopting extra-legal procedure in the pursuit of its agenda.

He noted that in order to fix the ills of the country, the commission should follow due process in clandestinely sponsoring impeachment of governors.

All Progressive Grand Alliance (APGA) member in the National Assembly, Mr. Uche Onyeagocha called for the publication of assets declaration forms of all public officers.

He also advocated the swearing of affidavit of waiver of immunity by president, governors and other persons covered by Section 3 of the constitution.

He also said the EFCC should investigate the bribery of National Assembly members with N50 million to support the failed third term agenda.

Source: Daily Champion
URL: http://allafrica.com/stories/200610180014.html

Ein Ueberaschung oder ein taktisches Manoever ?.

uzf

Ich nehme deine Entschuldigung an und hoffe du meinst es ehrlich.

Mal schaun wie du dich weiter verhaelts.

Denke mal nach, ich schreibe auch nichts ueber deine privaten Probleme wie deine Scheidung/Trennung oder Unterhaltsansprueche deines Ex-Partners z.B.

Das gehoert auch in kein Board, meine Sache bezieht sich auf RSA und die Probleme die man hier bekommen kann als Weisser.

Salz in die Wunden zu reiben ist kein menschlich guter Zug.

Falls du frustriert bist, bitte lasse deine Frust nicht an andern aus.

Ich kann auch nichts dafuer das bei Dir einiges schief gelaufen ist.

Komm zur Sache und Thema von diesen Board mit lesbaren Stoff.

Gruss

Eldo

Wenigstens einer der nun Rueckrad zeigt.

Thanks Edel....the first warning is out, das reicht fuer das erste.

So wie ich den kenne dauert es nicht lange bis er Rot bekommt.

Entschuldigen wird er sich eh nicht, das ist ein Fremdwort fuer ihn.

Gruss

Eldo