NIGERIAN FROM MY OWN EYE AND MORE: Why is life so hard?

Wednesday, September 15, 2010

Why is life so hard?

* Some people have it harder than others. Consider this story a professor once told me when I lost my brother to suicide years ago:

Picture 3 boats in the middle of the ocean traveling at a slow and steady speed. Each boat has a cable attached to a bubble with a man inside. The man is lowered into the ocean. Each man is at a different depth in the sea. The first man is in shallow water. He sees sunlight and some of the shallow swimming creatures of the ocean. He has life pretty easy.

The second man is somewhere in the middle of the ocean. His bubble hits the large underwater mountains as the boat passes them. He sees neither light nor life in the ocean. He has a hard life.

The 3rd man is at the very bottom of the ocean. He sees all of the mysteries of the sea, all of the creatures people wish they could see, and beautiful ocean floor full of life. He also hits the little bumps and large mountains along the way. His life is tough, but he also gets to experience the most joy of all 3 men.

Which man would you rather be? Some would say they like the guy in shallow water where life is easy and there are no problems. Most people (deep down) would rather be the guy at the bottom of the ocean who gets to experience the most pleasure, but is faced the the most hurt at the same time. We cannot know true joy without experiencing true sadness.

* "This too shall pass" is something you may find true in time.

* Lfe is hard, kids are being abused, raped, and murdered. But once on the road to recovery, you will get through it. I was once one of those kids. But the scars of abuse are still all over me. But I'm a changed teenager and I am a cooler guy now. So, I speak out to everyone who has been abused and is still being abused. Just endure it, be brave and you will come out strong, trust me.
* Life won't be easier unless we as humans change our drive(drive being money). Everyone would get along if there was no money, if we changed what we thought of our money. I've thought of suicide, that's how bad life is, but there is something in all of that says change is needed, hopefully there will be a person in the near future that will make that change(I'm 14, I want to be that person. I know Lot's of famous stars, some are my friends, I don't have big money). Life can give you so many things, but it's the things life doesn't give you that makes you. I want to be something great, but our modern society doesn't work if everyone can meet at least their needs.

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LAGOS—INDICATIONS emerged, early in the week, that some top officials of the Nigerian Stock Exchange may have used their position to acquire
the exchange’s land at Temple Road, Ikoyi, for a meagre N495 million.

The land was said to have been paid for in four tranches with the following
First Bank’s draft numbers: 029128, 090755 and 818905. The payment was
alleged to have been made as follows: N 49 million in 2005; N 74.3
million; N100 million in 2006 and the final payment made on April 24,
2006.

Sources in the NSE said the land originally belonged to the Exchange.
This fact is one of the revelations of the ongoing audit of the accounts of
the exchange which auditors and forensic experts are said to have
described as misleading and meaningless according to comments made by
some of the auditors who are looking at the books.

Vanguard gathered that the auditors and forensic experts currently looking into the books
of the Exchange said the account contains some inconsistencies and
inaccuracies.

A source said: “What has so far been revealed is alarming and you will be surprised to see the extent of undercurrent in
the accounts. The figures are not very factual and there are so many
inconsistencies in what has been put together.”

But in defence of the allegations of wrong doings in the Exchange, former
Director-General and Chief Executive, Dr. Ndi Okereke-Onyiuke told
members of the Capital Market Committee recently that the Exchange
never exceeded budgetary approval nor falsify its account in anyway.

She said: “I wish to emphasise that the management of the Exchange never
exceeded budgetary approval by Council and if there is need for any
explanation on the published accounts of an organisation, the Board,
led by the Chairman, has the primary duty of offering insight, working
with the Chief Financial Officer of the organisation. In this instance,
I was neither the Chairman of the Council nor the Chief Financial
Officer of the organisation.”

Figures gathered from the NSE Management Account for the year ended December 2009 yet to be published showed that the
Exchange spent N 7 billion between 2007 and 2009 in market development
and N 1.230 billion in public enlightenment.

In 2007 alone, at the peak of the Exchange boom, market development gulped N 4.13 billion;
while it took N2.24 billion in 2008 and N 0.68 billion in 2009. In
three years, air travels swallowed up to N 2.52 billion, while N645
million was spent in 2007, N1.5 billion in 2008 and N 437 million in
2009.

In 2008, salaries and allowances of the staff hit N3.33 billion as against N1.58 billion budgeted, more than 100 per cent
increase.

The Exchange claimed that “the drastic staff cost was due to top level recruitment made during the period. Curiously in 2009, the
salary also came down to N 1.62 billion, raising question as regards
whatever happened to the top level staff hired in less than nine
months; either retrenched or disengaged.

In 2009, NSE made a deficit of N 2.752 billion. This apparently explained the NSE former
President, Aliko Dangote’s alleged insolvency of the Exchange.

Furthermore in 2009, NSE incurred interest expenses and similar charges of N37.9
million. In 2010, it budgeted increase in interest charges of N 45
million, implying continued borrowing or subsisting debts. Sources
further revealed that N1.6 billion was borrowed from CSCS account to
support the deficit cash flow of the Exchange.