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bros1234 (m)
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NIGERIA FOR SALE! BUYERS URGENTLY WANTED!!!!
That is the plan. Nonsense
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George_D (m)
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that man is shady and unpredictable.
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thithi (f)
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Billions of Naira in loans without collaterals?
Ordinary Nigerians with brain wants 1 million Naira and cant get anything, what a nation.
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Talis (f)
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Abeg, we need the names of the banks oh! infact, we need it ASAP. Why shouldn't they reveal it, when it was convenient for them to reveal the identities of Oceanic Bank, Intercontinental Bank, etc? Transparency is the key to settling all these bank palaver oh!
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edwardaigb
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[size=8pt][size=8pt][size=8pt]the three banks are.
1.
2.
3.[/size][/size][/size]
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Eseaba
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Why all these rumours? CBN is auditing only 11 banks and the results are not out. There are three banks yet to be audited and there are: Standard Chartered Bank, StanbicIBTC and ETB.
Where come the rumour that three more banks are indicted by CBN.
Why all these deceipts and rumours? There is no result of the 11 banks which the audit is almost completed by the CBN.
Please, let us help this country in little way we can.
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netotse (m)
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Why all these rumours? CBN is auditing only 11 banks and the results are not out. There are three banks yet to be audited and there are: Standard Chartered Bank, StanbicIBTC and ETB.
Where come the rumour that three more banks are indicted by CBN.
Why all these deceipts and rumours? There is no result of the 11 banks which the audit is almost completed by the CBN.
Please, let us help this country in little way we can.
i heard the reason they haven't done those 3 is cos they are either foreign or wholly privately owned banks so its highly unlikely that the board woulda disagreed with any loan that was to be granted |
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babaearly (m)
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[b][/b]
One of these banks smells like bankphb.
Is PHB not Oga Pata Pata's + Abiola's bank? Sanusi not dare near there, |
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otokx (m)
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So bank phb is one of the 3 eh? is that why they have refused to name them?
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denny4ril
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wat do you mean by BON?
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KnowAll (m)
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To think that it was only 3 banks indicted in the latest exercise would not only be a releif for the printing press tasked with printing N420 Billion, it would also save the Governor of Central Bank the ardious and unnecessary schedule of another round of meaningless cross examination by our already overhealmed house of reps members.
They (the house of reps) seems to be lost in this current abracada economics(the more you look the less you see ) which has hoodwinked majourity of its members by the sacarstic bravado of the central bank govenor in threating to resign his post, a threat that seems to have payed dividend in hushing up our already clueless and confused House members. There is a saying if u cant beat them you join them, it would appear 487 members of the house has lost their voice 
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George_D (m)
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BON (bank of the north) also known as bank phb now. we're not decieved!
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PapaBrowne (m)
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Papabrowne'Quote Isn't this what is termed poverty mentality?. Nigerians really do need to shed this mentality! Its too rampant here.
When you deposit money with a bank, you enter a contract with that bank to help you keep the money safely and not to provide loans for your business. Loan provision is at the discretion of the bank! Being a depositor does not automatically qualify you for a loan!
Depositors should stop whining as though they are shareholders.
Lastpage's QuoteYour ignorance stinks to high heavens! If your educational level is up to secondary school, provided you weren't playing truancy all along, then l will suggest that you go a pick a copy of the most common Economics Textbook, (I will recommend O.Teriba Grin to you, l doubt you could comprehend anything more advance!). Check under the Heading "MONEY" and read the sub-topic "Duties/Roles of Commercial Banks". It is part of the responsibilities of banks (at the macro level) to create Money (wealth). This is done by offering "LOANS AND ADVANCES" to CUSTOMERS and charging INTEREST ! You are only required to meet the set criteria, to qualify. You probably think they just lock-up those Billions of naira in the Vault (so that ignoramus like you can force your way-in  ) And talking of Poverty mentality, l will not even bother to answer you! Lips sealed U never reach, walahi!! Go make some millions, build a few houses in choice areas of Lagos, own choice lands and have property abroad, then come back and see if you are close enough! Then we can take a look at each others "mentality". Lousy bloody cunt! @lastpage Ok! that was unfair on my part. It is insensitive for me to just pick your post and refer to it as coming from someone with "poverty mentality". Thats mean! My bad! Do Accept my apologies! However, I tried to make a point. It is too common to see Nigerians celebrating at the downfall of any successful person! I usually call it "poverty mentality". That idea that the rich man next door is responsible for one's poverty!It just isn't right! Fine, its true in the case of our thieving politicians, but not in the case of many of these bankers who worked real hard to get to where they are, it is false. We cannot just celebrate the fall of these bankers merely because Sanusi has pronounced them guilty.We should assess the whole issue based on facts. If loans were given to oil companies and stock broking firms when those were the best performing industries in the country, why should it be a bad thing? Oil price was at an all time high peaking at $147 per barrel, while our stock market was the fastest growing in the world! Punishing these bankers for giving loans to industries that were high performers is an anomaly! |
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4 Play (m)
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We cannot just celebrate the fall of these bankers merely because Sanusi has pronounced them guilty.We should assess the whole issue based on facts.
If loans were given to oil companies and stock broking firms when those were the best performing industries in the country, why should it be a bad thing? Oil price was at an all time high peaking at $147 per barrel, while our stock market was the fastest growing in the world!
Punishing these bankers for giving loans to industries that were high performers is an anomaly!
Any person with half a brain knows that oil prices and the stock market fluctuate, therefore, doling out loans like the boom will never end is an astonishing case of mismanagement. Oil price and the stock markets do regularly crash, any bank management that has not protected itself from the possibility of such a crash deserve to be probed. |
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PapaBrowne (m)
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Any person with half a brain knows that oil prices and the stock market fluctuate, therefore, doling out loans like the boom will never end is an astonishing case of mismanagement.
Oil price and the stock markets do regularly crash, any bank management that has not protected itself from the possibility of such a crash deserve to be probed.
Yes, you are right. But you would also reckon that with oil prices at a constant upward run, nobody envisaged a sudden drop to $35 in a space of just 6 weeks. The impact of the of the financial crisis reverberated across nations, small and large. It was unprecedented. Trillions of dollars were lost. The crisis originated in the US via the subprime lending. Now, how come no American has been punished for issuing those subprime loans? Reason is, we were all complicit. Both the Lender, the Borrower and the Regulators(Government) were all at fault. This is also the case in Nigeria. First those loans went bad because of the financial crises. The debtors couldn't pay back. Worse part of it is that the Federal Government is the largest debtor and is finding it hard to meet up because of the same fall in the price of oil. Since everybody is complicit, why punish anybody. The only reason for the sack of the bankers is to implement the Script handed to Sanusi as contained in the Vanguard report of March 23rd . |
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4 Play (m)
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Yes, you are right. But you would also reckon that with oil prices at a constant upward run, nobody envisaged a sudden drop to $35 in a space of just 6 weeks.
Firstly, the oil price did not fall from peak to trough in 6 weeks. That being said, to claim that nobody anticipated that the economic meltdown at the time will lead to a precipitous fall in the price of oil is absurd. There have been major repercussions for many of the senior management of the Western banks that were culpable for the financial crisis. There is no reason why their Nigerian counterparts should escape unscathed. |
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Nezan (m)
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Let CBN release the audit report now.
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lastpage
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@Papabrowne @lastpage
Ok! that was unfair on my part. It is insensitive for me to just pick your post and refer to it as coming from someone with "poverty mentality".
Thats mean! My bad! Do Accept my apologies!
However, I tried to make a point. It is too common to see Nigerians celebrating at the downfall of any successful person! I usually call it "poverty mentality". That idea that the rich man next door is responsible for one's poverty!It just isn't right!
Fine, its true in the case of our thieving politicians, but not in the case of many of these bankers who worked real hard to get to where they are, it is false.
Papabrowne, l also want to express my unreserved apology for replying in like manner, l guess two wrongs dont make a right. I blew my fuse  first, l am not against rich people, infact, l wrote a rejoinder in respect of one of the Debtors who has shown some measure of commitment to his repayment, over time, (if not for the sake of confidentiality, l would have linked it right away). Moreso, l was also a banker for many years before l went into other things that present greater challenges. The crux of my argument is this: 1. Depositors expect a few things from their bankers: Security of their funds, pay-on-demand for their money, returns on their deposits by way of interest, as partner as they develop and grow their business. These are universal expectations or else, why would anyone keep money in a bank and be paying charges? 2. Depositors (big and small) should have preference in obtaining loans from their bank. 3. If a bank can not assist its small depositors to grow (very easy in the same U.K that Gettysburg empty-head, is mouthing about) and become big players afterall, conglomerates also started small-small, what right does it have to give out loans to the tune of billions, UNSECURED? thereby putting the small-small change of those small players at risk! I appreciate rich people, riches and those working "hard and smart" to be well-off, l dont consider myself poor also! though l am still a long way off, to my destination  but really, l expect us (Nigerians) to be fair to people who are less privileged and struggling to stay afloat. Have a cool day bruv. Lastpage |
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ndu_chucks
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First those loans went bad because of the financial crises. The debtors couldn't pay back. papa, e be like say dis ya excuse no hold water at all. if na because of financial crises those people no pay back, na for where dem find N62billion wey dem pay back in the past 2 weeks? ehn? make you try go get car loan and tell ya bank say you no fit pay because of financial crises, see whether dem no go come carry ya car. de thieves refused to even pay some parts of de loan bank, many no intend to pay back, financial crises or not. stop burying ya head inside san san. Worse part of it is that the Federal Government is the largest debtor and is finding it hard to meet up because of the same fall in the price of oil abeg, na how much wey government owe Union bank or Oceanic bank, or any of de banks wey fail? e be like say you be lawyer o. de kind wey see blue paint and red paint inside closet, carry dem mix together inside him head, come announce to public say na purple paint dey for closet.  |
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George_D (m)
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the govt is surely hiding something!
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