Monday, February 24, 2014

EXPOSED: Here's The Truth About The Case Against Sanusi


I was searching for an article that chronicles the allegations against Mallam Sanusi Lamido when a fan brought this piece to the attention of OluFamous.Com. The author breaks it down for easy understanding:
I do not come to venerate Sanusi Lamido Sanusi, for he is not a saint. As much as I admire him, there are flaws too obvious to ignore. But this is not a time for psychoanalysis; it is a time to set truth apart from fiction. When the (suspended) CBN Governor made his submission on how our nation was being robbed at the Senate, the response was predictable; ignore the message, and go after the messenger. 
I read the Financial Reporting Council report that formed the basis of Governor Sanusi's suspension and I thought it useful to leave a few comments. While most of the accusations in the report are ambiguous and unclear, some of the more sensational are easily explained.
1. The CBN paid N38.223 billion to the Nigerian Security Printing & Minting Company in 2011 to print bank notes, whereas the entire turnover of NSPMC in that year was N29.37 billion.

The CBN uses four companies to print notes; NSPMC and three foreign companies. If NSPMC recorded 75% of the total amount spent, it only means the other three companies got 25% of the business. Let us move to the more serious ones...



2. The CBN allegedly made rogue payments as air charter fees to Emirates Airways, Associated Airline and Wings Airlines for nationwide currency distribution. Emirates Airways do not operate a local charter service, Wings was unregistered with NCAA and Associated did not have records of the payments from the CBN.

The FRC is correct that Emirates Airways does not operate a domestic charter service. The only problem here is that the CBN did not contract "Emirates Airways" to move currency, it used a private charter company called "Emirate Touch Airways" instead. When you want to accuse someone, at least get the names right. If Associated Airlines does not have a record of the transaction, why is the CBN to blame? The CBN's responsibility is to show proof of payments made to Associated; if it has done so, the rest of the discussion is between Associated and the FIRS. The final one is that Wings was an unregistered airline, I am sure the NCAA can answer this with clear evidence of registration at the time of contract award.

3. Legal and professional fees spiked in 2011 compared with 2012 – N20.2 billion in 2011 and N10.46 billion in 2012

2011 was a landmark year for banking in Nigeria; starting with the sale of eight banks that failed the 2009 special examination. Five of those banks were recapitalized via mergers & acquisitions, while the other three were nationalized. AMCON was established to acquire qualifying non-performing loans (NPLs) from all banks in Nigeria and inject equity into the rescued banks. These transactions needed significant legal services, which explain the N20 billion spent in 2011. To rationalize this, N20b is about 3% of the N620 billion spent recapitalizing the bank alone. The CBN was also sued by shareholders and owners of the recapitalized banks, and needed legal services to set AMCON up. Not so scandalous anymore? I think so too.

4. Promotional activities of N3.1 billion from N1.1 billion in 2012 despite not having a competitor in Nigeria.

What the investigators imply is you don't need to promote your activities because you're a monopoly. It means that EFCC (remember "Maga no need pay"), NAFDAC and other federal agencies who use the media to amplify their activities and sensitize the public might be acting recklessly. It is worth remembering that the CBN introduced a Cash Lite policy and continues to focus on financial inclusion and literacy. If you dont promote these activities, how will adoption improve?

5. N1.3 billion to feed policemen and pay for private guards

It is easy to see N1.3 billion and scream corruption. But let's employ some logic. The CBN is one of the biggest employers of security, especially for the regular protection and movement of currency and security documents. The question we should ask is how many security agents did that amount cover. It is well known that organizations are often responsible for police officers attached to them. If the CBN employed 2,000 police officers and paid them a stipend N2, 000 daily (or N60, 000 per month), that will come to N4 million daily and N1.2 billion per annum. Not so scandalous anymore? Moving on.

6. CBN's investment in the International Islamic Liquidity Management Corporation without obtaining a board approval.

This investment was approved by the President of the Federal Republic of Nigeria. If the approval of the CBN board was not obtained, why did the President assent to this illegality? If Governor Sanusi is held accountable for every document he signed, the same should hold for President Jonathan.

The CBN Annual Report is available for anyone willing to read over 400 pages of boring stuff. If like me, you want to get a summary, skip to Page 21. There, you will find that the CBN reduced its overall operating expenses by 6.5%, and contributed N80.3 billion to the Federation Account in line with the Fiscal Responsibility Act. Before Governor Sanusi's term, this amount was around N8 billion. Growing the CBN's contribution to the Federation Account tenfold is the biggest indication of financial recklessness I found in the audited accounts.

CONCLUSION:
I will conclude by saying that if you look hard enough at an organization like the CBN, you will find an infraction. If you don't at the first attempt, some hair splitting will reveal something. Remember Professor Tam David-West was accused of corruptly signing the sum of $57m to an American company, Stinnes Interoil, for a wrist watch and a cup of tea. This is what we remember, conveniently forgetting Professor David-West was attacked because he criticized and exposed corruption in the oil industry.

Sanusi Lamido Sanusi might end up in prison. For taking a stand to protect the future of our children, he has my gratitude and respect.

Written By Akin Oyebode

Original Page: http://feedproxy.google.com/~r/OluFamousBlog/~3/kE6WuSTNLMU/exposed-heres-truth-about-case-against.html


Saturday, February 22, 2014

How Successful People Stay Calm - Forbes

How Successful People Stay Calm

The ability to manage your emotions and remain calm under pressure has a direct link to your performance. TalentSmart has conducted research with more than a million people, and we've found that 90% of top performers are skilled at managing their emotions in times of stress in order to remain calm and in control.

If you've followed my work, you've read some startling research summaries that explore the havoc stress can wreak on one's physical and mental health (such as the Yale study, which found that prolonged stress causes degeneration in the area of the brain responsible for self-control). The tricky thing about stress (and the anxiety that comes with it) is that it's an absolutely necessary emotion. Our brains are wired such that it's difficult to take action until we feel at least some level of this emotional state. In fact, performance peaks under the heightened activation that comes with moderate levels of stress. As long as the stress isn't prolonged, it's harmless.

How-Successful-People-Stay-Calm-graph

New research from the University of California, Berkeley, reveals an upside to experiencing moderate levels of stress. But it also reinforces how important it is to keep stress under control. The study, led by post-doctoral fellow Elizabeth Kirby, found that the onset of stress entices the brain into growing new cells responsible for improved memory. However, this effect is only seen when stress is intermittent. As soon as the stress continues beyond a few moments into a prolonged state, it suppresses the brain's ability to develop new cells.

"I think intermittent stressful events are probably what keeps the brain more alert, and you perform better when you are alert," Kirby says. For animals, intermittent stress is the bulk of what they experience, in the form of physical threats in their immediate environment. Long ago, this was also the case for humans. As the human brain evolved and increased in complexity, we've developed the ability to worry and perseverate on events, which creates frequent experiences of prolonged stress.

Besides increasing your risk of heart disease, depression, and obesity, stress decreases your cognitive performance. Fortunately, though, unless a lion is chasing you, the bulk of your stress is subjective and under your control. Top performers have well-honed coping strategies that they employ under stressful circumstances. This lowers their stress levels regardless of what's happening in their environment, ensuring that the stress they experience is intermittent and not prolonged.

While I've run across numerous effective strategies that successful people employ when faced with stress, what follows are ten of the best. Some of these strategies may seem obvious, but the real challenge lies in recognizing when you need to use them and having the wherewithal to actually do so in spite of your stress.

They Appreciate What They Have

Taking time to contemplate what you're grateful for isn't merely the "right" thing to do. It also improves your mood, because it reduces the stress hormone cortisol by 23%. Research conducted at the University of California, Davis found that people who worked daily to cultivate an attitude of gratitude experienced improved mood, energy, and physical well-being. It's likely that lower levels of cortisol played a major role in this.

They Avoid Asking "What If?"

"What if?" statements throw fuel on the fire of stress and worry. Things can go in a million different directions, and the more time you spend worrying about the possibilities, the less time you'll spend focusing on taking action that will calm you down and keep your stress under control. Calm people know that asking "what if? will only take them to a place they don't want—or need—to go.

They Stay Positive

Positive thoughts help make stress intermittent by focusing your brain's attention onto something that is completely stress-free. You have to give your wandering brain a little help by consciously selecting something positive to think about. Any positive thought will do to refocus your attention. When things are going well, and your mood is good, this is relatively easy. When things are going poorly, and your mind is flooded with negative thoughts, this can be a challenge. In these moments, think about your day and identify one positive thing that happened, no matter how small. If you can't think of something from the current day, reflect on the previous day or even the previous week. Or perhaps you're looking forward to an exciting event that you can focus your attention on. The point here is that you must have something positive that you're ready to shift your attention to when your thoughts turn negative.

They Disconnect

Given the importance of keeping stress intermittent, it's easy to see how taking regular time off the grid can help keep your stress under control. When you make yourself available to your work 24/7, you expose yourself to a constant barrage of stressors. Forcing yourself offline and even—gulp!—turning off your phone gives your body a break from a constant source of stress. Studies have shown that something as simple as an email break can lower stress levels.

Technology enables constant communication and the expectation that you should be available 24/7. It is extremely difficult to enjoy a stress-free moment outside of work when an email that will change your train of thought and get you thinking (read: stressing) about work can drop onto your phone at any moment. If detaching yourself from work-related communication on weekday evenings is too big a challenge, then how about the weekend? Choose blocks of time where you cut the cord and go offline. You'll be amazed at how refreshing these breaks are and how they reduce stress by putting a mental recharge into your weekly schedule. If you're worried about the negative repercussions of taking this step, first try doing it at times when you're unlikely to be contacted—maybe Sunday morning. As you grow more comfortable with it, and as your coworkers begin to accept the time you spend offline, gradually expand the amount of time you spend away from technology.

They Limit Their Caffeine Intake

Drinking caffeine triggers the release of adrenaline. Adrenaline is the source of the "fight-or-flight" response, a survival mechanism that forces you to stand up and fight or run for the hills when faced with a threat. The fight-or-flight mechanism sidesteps rational thinking in favor of a faster response. This is great when a bear is chasing you, but not so great when you're responding to a curt email. When caffeine puts your brain and body into this hyperaroused state of stress, your emotions overrun your behavior. The stress that caffeine creates is far from intermittent, as its long half-life ensures that it takes its sweet time working its way out of your body.

They Sleep

I've beaten this one to death over the years and can't say enough about the importance of sleep to increasing your emotional intelligence and managing your stress levels. When you sleep, your brain literally recharges, shuffling through the day's memories and storing or discarding them (which causes dreams), so that you wake up alert and clear-headed. Your self-control, attention, and memory are all reduced when you don't get enough—or the right kind—of sleep. Sleep deprivation raises stress hormone levels on its own, even without a stressor present. Stressful projects often make you feel as if you have no time to sleep, but taking the time to get a decent night's sleep is often the one thing keeping you from getting things under control.

They Squash Negative Self-Talk

A big step in managing stress involves stopping negative self-talk in its tracks. The more you ruminate on negative thoughts, the more power you give them. Most of our negative thoughts are just that—thoughts, not facts. When you find yourself believing the negative and pessimistic things, your inner voice says, "It's time to stop and write them down." Literally stop what you're doing and write down what you're thinking. Once you've taken a moment to slow down the negative momentum of your thoughts, you will be more rational and clear-headed in evaluating their veracity.

You can bet that your statements aren't true any time you use words like "never," "worst," "ever," etc. If your statements still look like facts once they're on paper, take them to a friend or colleague you trust and see if he or she agrees with you. Then the truth will surely come out. When it feels like something always or never happens, this is just your brain's natural threat tendency inflating the perceived frequency or severity of an event. Identifying and labeling your thoughts as thoughts by separating them from the facts will help you escape the cycle of negativity and move toward a positive new outlook.

They Reframe Their Perspective

Stress and worry are fueled by our own skewed perception of events. It's easy to think that unrealistic deadlines, unforgiving bosses, and out-of-control traffic are the reasons we're so stressed all the time. You can't control your circumstances, but you can control how you respond to them. So before you spend too much time dwelling on something, take a minute to put the situation in perspective. If you aren't sure when you need to do this, try looking for clues that your anxiety may not be proportional to the stressor. If you're thinking in broad, sweeping statements such as "Everything is going wrong" or "Nothing will work out," then you need to reframe the situation. A great way to correct this unproductive thought pattern is to list the specific things that actually are going wrong or not working out. Most likely you will come up with just some things—not everything—and the scope of these stressors will look much more limited than it initially appeared.

They Breathe

The easiest way to make stress intermittent lies in something that you have to do everyday anyway: breathing. The practice of being in the moment with your breathing will begin to train your brain to focus solely on the task at hand and get the stress monkey off your back. When you're feeling stressed, take a couple of minutes to focus on your breathing. Close the door, put away all other distractions, and just sit in a chair and breathe. The goal is to spend the entire time focused only on your breathing, which will prevent your mind from wandering. Think about how it feels to breathe in and out. This sounds simple, but it's hard to do for more than a minute or two. It's all right if you get sidetracked by another thought; this is sure to happen at the beginning, and you just need to bring your focus back to your breathing. If staying focused on your breathing proves to be a real struggle, try counting each breath in and out until you get to 20, and then start again from 1. Don't worry if you lose count; you can always just start over.

This task may seem too easy or even a little silly, but you'll be surprised by how calm you feel afterward and how much easier it is to let go of distracting thoughts that otherwise seem to have lodged permanently inside your brain.

They Use Their Support System

It's tempting, yet entirely ineffective, to attempt tackling everything by yourself. To be calm and productive, you need to recognize your weaknesses and ask for help when you need it. This means tapping into your support system when a situation is challenging enough for you to feel overwhelmed. Everyone has someone at work and/or outside work who is on their team, rooting for them, and ready to help them get the best from a difficult situation. Identify these individuals in your life and make an effort to seek their insight and assistance when you need it. Something as simple as talking about your worries will provide an outlet for your anxiety and stress and supply you with a new perspective on the situation. Most of the time, other people can see a solution that you can't because they are not as emotionally invested in the situation. Asking for help will mitigate your stress and strengthen your relationships with those you rely upon.

Also on Forbes:

The Most Common Practices Of Super-Achievers

1 of 11

How Super-Achievers Do What They Do

More by me:

My bestselling book: Emotional Intelligence 2.0

What my company does: Emotional Intelligence Training

Emotional Intelligence Certification


Monday, February 10, 2014

WOW! SEE The Great Miracle That Happened In This Family


The Lord is good, all the time. God will forever be faithful. This beautiful family, known as the Coble Family, in an unfortunate incident, lost their three children, two girls and a boy, in a terrible car accident. It was a very sad one for them. They cried, shouted, scream but the children were gone. However, one year later, God in his infinite mercies surprised them.

The wife got pregnant and gave birth to triplet - exactly two girls and a boy...

What a wonderful God!

Original Page: http://feedproxy.google.com/~r/OluFamousBlog/~3/C1zCCKqc9_0/wow-see-great-miracle-that-happened-in.html