On Ndulu: The "Guardian" must be kidding me!

[Mzee Mwanakijiji]

I'm stunned and absolutely flabbergasted by the following form of apologia by one of the most respected English daily. I do not want to speculate on their motives but what they have attempted is shameful, and not worthy of their caliber. The editors should be ashamed of themselves! M.M.

Editorial (Guardian)

20th January 10 (stop writing dates this way.. the year is 2010!)
BoT Governor merits support

Editor

Any central bank, in our case the Bank of Tanzania (BoT), is the nerve centre of the national economy. In any country, it is managed by the best trained people who are also individuals of the highest integrity in society.

This is why the External Payments Arrears (EPA) account scandal and other chain of scams that ravaged BoT are frightening and rare occurrences.

It is also precisely for this reason that the recent attempt to question the BoT governor's integrity using the public funds spent on the construction of his official residence as a pretext is highly regrettable.

We say the said expenditure was a pretext because available evidence indicates that, based on the annual rent of 113 million/- BoT had been paying for the governor's accommodation in rented premises (u must be kidding me.. renting for abt 7800USD a month, where was this Heaven? with a salary of about 15,000USD a month!!!?? M.M), the expenditure of 1.4 billion/- for the official residence represents a payback period of 12 years while also affording the bank an official residence befitting its CEO's status(F@##K the status!).

It is only fair to say that the time has come, or it is in fact well past time, for Tanzanians to show, recognise and protect all those who have served, and continue to serve, this nation commendably. (does this include teachers, police officers, prison guards etc? or the CEOs, CFOs, and COOs!?)

There is impeccable evidence that Prof Benno Ndulu is one such person. He is a public servant who took over a shattered central bank that had become an object of ridicule in the wake of the infamous chain of the EPA and other scandals.

The soft-spoken but hugely enterprising economics professor has been so quick and successful in restoring BoT's image that he was voted Governor of the Year in Africa for 2009 (of course, in the land of the blinds..)

Those in the know admit that the rating came against a background of performance by the central bank in terms of creating macroeconomic stability that has perhaps not been recorded since the days of founding BoT governor Edwin Mtei over four decades ago.

President Jakaya Kikwete appointed Prof Ndulu as BoT governor in early January 2008 to replace long-embattled Dr Daudi Ballali, who was sacked after the bank occasioned massive losses through dubious payments and dealings with phony companies in 2005/06 through the EPA account.(stupid! how can you sack somebody who has resigned)!

Statistics show that within a short period of Prof Ndulu's custodianship of BoT, Tanzania's foreign reserves rose from USD 2.4 billion to USD 3.5 billion. It is noteworthy that within just a year of his assuming governorship, the bank succeeded in bringing down the rate of Treasury Bills from 14% to around 6%.


Despite the global financial meltdown, (a)BoT managed the operations of commercial banks in such a prudential manner that the impact of the crunch on these banks was not as catastrophic as earlier feared.

It is also noteworthy that, (b)as the global financial crisis continued to bite, BoT designed a Tshs. 1.7 trillion/- stimulus package as part of a strategy to deal with the problem. (Do these people know what internal contradiction is? if (a) is true and (b) is also true then somebody in the editorial board need to be tossed in the sea!)

These achievements are well known, and we believe the residence issue would have been regarded as a non-issue save for the fact that the governor is believed to have plugged loopholes through which huge sum of money were being routinely siphoned from BOT.

As we reported on Tuesday, BoT's procurement system has been so streamlined and made so transparent that the next currency printing through properly organised competitive bidding may cost just one-third of previous printing costs. This makes us ask where the remaining two thirds, which the bank will now save, used to go before Prof Ndulu took over as governor. The answer is obvious – and it is that the amount used to go into the pockets of individuals whose identity and motives are anybody's guess.

It is clear that those who previously profited through corruption and other foul play at the central bank are a vastly disgruntled lot with Prof Ndulu in the saddle and will not go down without a fight. (Stop it! I for one did not profit from corruption or foul play from your stupid bank!)

Our view is that the nation has a duty to protect the governor and let him continue with the good work he is doing at BoT.(shhhhyt!)


My Take:
why don't they advice the BoT to buy him (the governor) a Gulfstream 500 too and lease him a luxury boat in the name of whatever reason they have to justify the 2 houses!?

 

[Nyambala]

We say the said expenditure was a pretext because available evidence indicates that, based on the annual rent of 113 million/- BoT had been paying for the governor's accommodation in rented premises, the expenditure of 1.4 billion/- for the official residence represents a payback period of 12 years while also affording the bank an official residence befitting its CEO's status.

So it is based on this, then a 1.4bn hse for governor is justified!!!! Nadhani tukiletewa matumizi ya muungwana na safari zake inajustfy kumnunulia customized B747 the like of Airforce one...........

 

[Fundi Mchundo]

Iko siku.........!

Amandla......

 

[Nyambala]

One time niliwahi kumuuliza mtu mmoja kwamba hizi nyumba zinazopangishwa Dar for up to USD 5000 a month huwa anakaa nani? Nikajibiwa kwamba mara nyingi ni executives wa makampuni ambao wanakuja nchini for a short term.......... say a month or 2. Sasa BOT wao sio ishu..............

And what about the house Ndulu was staying in before????

 

[PakaJimmy]

He (author) must be part of this dirty deal in some ways!

Either he has been paid to write such a filthy content to the public.

How can anybody prove that rise of reserve, if not just fabricated data to fool the financial-matter -ignorant-citizens?

Aibu, aibu aibu!...vandals, thieves, scandalous-guinea-pigs!!

 

[Mzee Mwanakijiji]

Iko siku.........!

Amandla......

I'm mad as hell.. is this the best that this newspaper can come up with in defence of corruption!..? Sometimes I think we have some problems.. but other times the extent of the problems seems to be beyond the range of mathematical probability!

 

[Nyangumi]

With just a common sense, that editorial has been prepared by Ndullu and then bought it way through. The editor being blinded by some few shillings and his analytical capability being hindered by personal gain, he decided to print it in his newspaper which is read by academicians.

 

[Pascal Mayalla]

Mzee Mwanakijiji, I don't justify lavish spending in whatever the reasons might be, lakini lazimas tufike mahali tuukubali ukweli kuwa we have to deserve the best that money can buy...

....Kwa mlio nje, Tanzania ya leo ioneni hivyo hivyo ilivyo, au isikieni tuu, lakini the reality hiyo spending ya bilions kwenye nyumba ya gavana, is nothing compared to billions and billions zinakuwa spend on good for nothing issues......

...Baada ya kele za Twin Tower, nilipata bahati ya kuiona hilo Jengo inside out, nothing of its kind in Tanzania in terms of technology and security. This does not justify the spending, lakini value for money ifanye kwanza ndipo tujue kick back ni ngapi watu waliopoket kushibisha matumbo yao, na sio kukimbilia mahakami kumtoa kafara Liyumba, kwa mashitaka ya full value as if nothing has been done..

...Kama speaker anakodiwa nyumba kwa milioni 10 kwa mwezi ili kuishi kwenye nyumba ya hadhi ya speker, hebu fanyeni utafiti, hilo hekalu lenye hadhi ya spika litagharimu kiasi gani?. Kama spika ana haki ya kuspend such an ammount to please his ego, jee gavana anastahili hadhi gani?

...Dar kuna kuanzia kulala nje kwenye pavement (homeless) vibanda vya maboksi, vibanda vya mbao, vijumna vya udogo, makuti, bati za madebe, nyumba za kawaida, majumba mpaka mahekalu ya kama peponi. Hivi huyu gavana wetu anastahili hadhi gani?

..Sina idadi ya askari polisi wanaokuwa duty every week-end mkulu anapokwenda Mlingotini, kila barabara inayoingia mainroad tangu Magogoni mpaka Mlingotini, wanawekwa askari two hours before. Mbona marais wa nchi za wenzetu hawafanyi hivyo. How much do we spend for nothing?

..Naelewa shida ya umasikini uliotopea kwa Watanzania, mashule yasiyo na waalimu, mahospitali yasiyo na dawa, wakulima wapinda migongo kwa jembe la mkono lisilo tija, wanafunzi wanaonyimwa mikopo kuendelea na elimu, matatizo ni mengi, lakini ndio iwe sababu Gavana asipate makazi bora sababu ya shida zetu?

...Hizo bilioni nadhani kama ziara moja tuu ya raisi nje ya nchi. Kama kweli viongozi wa nchi yetu wanauchungu na nchi hii, wangeshafanya wakipasacho kufanywa long ago. Tuungane kwa kauli moja, October tuseme Basi na nyumba ya gavana tutampa Mnyika!.

 

[GY]

Editor

Any central bank, in our case the Bank of Tanzania (BoT), is the nerve centre of the national economy. In any country, it is managed by the best trained people who are also individuals of the highest integrity in society.


Nimependa hizo part za habari....The nerve centre of the national economy.....

Ni uchumi upi huo unaongozwa na hawa the best trained people who are also individuals of the highest intergrity in society?????

Nauliza ni uchumi upi huo??huu wa Tanzania??????

Kama ni huu naomba characteristics zake halafu tuulinganishe na hiyo spending inayotetewa na hao wanaojiita experts

F**&&&ng nguchiro kind of thinking!

we are tooooooo poooor even to think

 

[Nyauba]

The Guardian siwashangai wakitoa story ya aina hiyoo kwani baniani kiatu chake dawa kwa editors wa pale ndo nguzoo ya kuwepoooo...

Watakuja na mengi zaidii tusubirii tuonee..kambi yao inazidi kuelewekaa siku hadi sikuu...

 

[Mzee Mwanakijiji]

...Kwa mlio nje, Tanzania ya leo ioneni hivyo hivyo ilivyo, au isikieni tuu, lakini the reality hiyo spending ya bilions kwenye nyumba ya gavana, is nothing compared to billions and billions zinakuwa spend on good for nothing issues..

ndio tatizo hilo.. kwa vile tuko nje ya nchi hatujui Tanzania!!! Mnatafuta namna ya kuhalalisha hadi misiba kuwa siku hizi "Watanzania hatulii kama zamani"! Mnajaribu kuuufafanua ufisadi ili kuuhalalisha kwa sababu tunaokosoa tuko nje ya nchi. Mnasahamu kwamba tumelelewa na kukua katika taifa hilo hilo, tunakuja na kutembea na kuyaona mnayoyaona na tuna ndugu na familia zinazoishi kwenye mfumo huo huo.

Sijui kwanini mnafikiria tunazungumza kutoka Mars!

Unasema Gavana "makazi bora"!? hivi kuna mtu humu amezungumzia Gavana asiwe na makazi bora?

Let me ask you.. nyumba aliyokuwa anapangiwa kwa karibu dola elfu nane (nusu ya mshahara wake) ilikuwa ni ya kimaskini kiasi gani? Je kuna nyumba yoyote ya "maana" kwenye Jiji la Dar ambayo mtu anaweza kupanga kwa dola 3000 hadi 5000? Je nyumba yake aliyokuwa anaishi yeye mwenyewe siyo ya "hadhi yake" (ukisema hapa tunauliza kwanini aliijenga sasa!?)

Hivi unaamini ingekuwa ni fedha zake mwenyewe (kutoka mfukoni) angetumia kujenga nyumba ya kiasi hicho inayogharimu mamilioni mengine kila mwizi kuihudumia? Kama hamuamini na mnaona anaistahili, muuzieni na muulize kama atakuwa tayari kuinunua iwe yake; mwambie agharimie malipo yote kwa vile anaistahili!

 

[Regia Mtema]

Jamani hii nchi,me am tired,sijui nihame nchi kila kukicha ni vituko tu,This is too much.

 

[Gagnija]

Mwalimu aliishi kwenye nyumba yake Msasani, nyumba na samani vilikuwa vya kawaida. Nyumba ile haikuwa na hadhi ya mwalimu? Hakuna mpuuzi ambaye angehalalisha matumizi kama haya kipindi kile. Tukubali kuwa tatizo ni viongozi wetu wa sasa ambao kwa uroho uliokithiri wanashindwa kujua wanaongoza watu wa namna gani. Wanachofanya sasa ni kunyang'anyana rasilimali za nchi!

 

[bona]

kitu kimoja governor ndulu anatakiwa ajue ni kwamba, anaweza akawa ame restore credibility ya bot na kustabilize operations na kuziba mianya ya wizi nk lakini hiyo sio justification ya yeye kuspend all that money in such luxury accomodation hata kama walionyuma yake walivitumia eti ukichukulia yeye amefanya zaidi ya hao anatakiwa ajue yeye ni gavana wa benki kuu ya nchi masikini hivyo maisha yake yanatakiwa yaendane na nchi anayotoka, malipo yaendane na mazingira halisi ya nchi husika nje ya hapo tutamuona ni kama bepari mwingine, ingekua ni ivyo basi nyerere alitakiwa awe rais tajiri sana kulinganisha na mengi aliyoifanyia nchi na bara hili kiujumla!

 

[Ndahani]

Kwenye nchi masikini kama hii bado tunaendelea kujidanganya na excuses zisizokwisha ili kuhalalisha mambo yasiyo sahihi yawe sahihi? Kweli sikio la kufa halisikii dawa!

 

[Boramaisha]

It is very painful to note that Wahariri wa magazeti haya makubwa na maarufu ni watu ambao wameiona Tanzania hii tangu inapata Uhuru na wanajua 'jema' na 'baya' lakini they have turned into the 'Judas' of our times.

The only solution is for you Mzee Mwanakijiji to come and take over the reigns and bring about all the changes that we need!! Yes you can!

 

[Safari_ni_Safari]

We say the said expenditure was a pretext because available evidence indicates that, based on the annual rent of 113 million/- BoT had been paying for the governor’s accommodation in rented premises[/COLOR][/SIZE][/FONT] (u must be kidding me.. renting for abt 7800USD a month, where was this Heaven? with a salary of about 15,000USD a month!!!?? M.M), the expenditure of 1.4 billion/- for the official residence represents a payback period of 12 years while also affording the bank an official residence befitting its CEO’s status(F@##K the status!).

It is only fair to say that the time has come, or it is in fact well past time, for Tanzanians to show, recognise and protect all those who have served, and continue to serve, this nation commendably. (does this include teachers, police officers, prison guards etc? or the CEOs, CFOs, and COOs!?)

There is impeccable evidence that Prof Benno Ndulu is one such person. He is a public servant who took over a shattered central bank that had become an object of ridicule in the wake of the infamous chain of the EPA and other scandals.

The soft-spoken but hugely enterprising economics professor has been so quick and successful in restoring BoT’s image that he was voted Governor of the Year in Africa for 2009 (of course, in the land of the blinds..)

Those in the know admit that the rating came against a background of performance by the central bank in terms of creating macroeconomic stability that has perhaps not been recorded since the days of founding BoT governor Edwin Mtei over four decades ago.

President Jakaya Kikwete appointed Prof Ndulu as BoT governor in early January 2008 to replace long-embattled Dr Daudi Ballali, who was sacked after the bank occasioned massive losses through dubious payments and dealings with phony companies in 2005/06 through the EPA account.(stupid! how can you sack somebody who has resigned)!

Statistics show that within a short period of Prof Ndulu’s custodianship of BoT, Tanzania’s foreign reserves rose from USD 2.4 billion to USD 3.5 billion. It is noteworthy that within just a year of his assuming governorship, the bank succeeded in bringing down the rate of Treasury Bills from 14% to around 6%.


Despite the global financial meltdown, (a)BoT managed the operations of commercial banks in such a prudential manner that the impact of the crunch on these banks was not as catastrophic as earlier feared.

It is also noteworthy that, (b)as the global financial crisis continued to bite, BoT designed a Tshs. 1.7 trillion/- stimulus package as part of a strategy to deal with the problem. (Do these people know what internal contradiction is? if (a) is true and (b) is also true then somebody in the editorial board need to be tossed in the sea!)

These achievements are well known, and we believe the residence issue would have been regarded as a non-issue save for the fact that the governor is believed to have plugged loopholes through which huge sum of money were being routinely siphoned from BOT.

As we reported on Tuesday, BoT’s procurement system has been so streamlined and made so transparent that the next currency printing through properly organised competitive bidding may cost just one-third of previous printing costs. This makes us ask where the remaining two thirds, which the bank will now save, used to go before Prof Ndulu took over as governor. The answer is obvious – and it is that the amount used to go into the pockets of individuals whose identity and motives are anybody’s guess.

It is clear that those who previously profited through corruption and other foul play at the central bank are a vastly disgruntled lot with Prof Ndulu in the saddle and will not go down without a fight. (Stop it! I for one did not profit from corruption or foul play from your stupid bank!)

Our view is that the nation has a duty to protect the governor and let him continue with the good work he is doing at BoT.(shhhhyt!)


My Take:
why don't they advice the BoT to buy him (the governor) a Gulfstream 500 too and lease him a luxury boat in the name of whatever reason they have to justify the 2 houses!?[/QUOTE]

 

[Che Guevara]

He (author) must be part of this dirty deal in some ways!

Either he has been paid to write such a filthy content to the public.

Aibu, aibu aibu!...vandals, thieves, scandalous-guinea-pigs!!

Shame to 'The Guardian' & its Editor.

As PJ noted, the author must have been paid to write such a sorry story. This must be part of Ndulu's & Co. fightback plan to 'try clear his name'.

As Mkjj noted, if Ndulu thinks that his so-called 'status' befits him to stay at a 1.4 bilion Shillings house, can he buy that house for such an outrageous price tag from his own personal money?

Leaders like Ndulu are the ones failing the country. Yet, the one who appointed him (Kikwete) was quoted saying 'Mimi sijui kwanini Tanzania ni nchi masikini' loosely translated to 'I don't know why Tanzania is a poor country'.

Birds of the same feather?

You wonder...

 

[Msanii]

Wakubwa
leo nimeamka sina hata senti na nina mtoto mchanga anategemea maziwa ya kopo halafu jikoni kumenuna, halafu nimemtembelea mwanaJF mwenzangu kuomba kutumia internet yake nimekuta huu utombo wa figures on spending scam.
Yaani nina hasira kinoma na hawa jamaa. Ninakataa kujuta kuzaliwa bongo lakini naelekea huko sasa sooon.

Ipo siku MAWE yataamua kuingia ktk kuamua hatma ya TZ kama hali hii ya majambazi wanaokwiba in secured assurance wanaangaliwa na kusifiwa kwa utetezi usio na mashiko GADEMU zao

 

[Safari_ni_Safari]

Bwana Mengi sasa anatosa maboya baharini.Labda ni kweli kuwa wakubwa wamemshukia juu ya fweza za CIS,DCS za BoT ya early 1990s.Sasa anajisogeza taratibu....