seunmsg:


No need arguing with a daft and dull financial expert who does not even understand that character is one of the most important point to look at when considering a loan request.

@dunkem21 when considering a loan request, a customer does not have to posses all the five qualities you listed. There is an existing customer to bank relationship that plays a very key role. And like I said earlier, character is more important than collateral. How did you come to the conclusion that Buhari has no capacity to repay the loan? The banker that appraised the loan request granted it because he was satisfied that he has the capacity to pay back. I wonder why you Jonathanians are crying over this matter when the bank is not complaining.

dunkem21:


My brother, you cant collect a loan from a bank with only your CHARACTER!
The credit process is flawed.

#dorofresh

Gbawe:


Highly incongruous and inane comparison. Central banks do not disburse loans to individuals. GEJ can therefore not have any type of loan from the CBN. Nigeria can and that would be fine. Did Buhari go to the CBN (lenders to Government and other banks) for a loan or did he go to a Private bank which is allowed to provide unsecured loans to its customers which includes private individuals like GMB?

dunkem21:


Ok sorry o. I hope you keep quiet if GEJ collects N1b unsecured loan with a commercial bank.

#dorofresh

Gbawe:



I am a refined person who lives and let live. If I can have a loan privately that I am not obligated to discuss with you or anyone else, then why should GEJ's private loan with a private bank concern me? If he defaults, it will be the private bank that will bear the brunt not me or Nigeria. Unlike some folks here, I know to leave sentiments out of things. To that end I have no problem respecting the privacy of others they are fully entitled to. Nothing concerns you or anyone else with the private loan Buhari collected from a private bank.

dunkem21:


Ok sorry o. I hope you all keep quiet if GEJ collects N1b unsecured loan with a commercial bank.

#dorofresh

dunkem21:


How different is it from those that violated CBN guidelines?

Tell me please!

Cecilia Ibru, former CEO of Oceanic Bank, pleaded guilty to three of 25 counts of fraud and mismanagement.

She is one of a large number of executives held in connection with the near-collapse of nine banks in 2009.

The verdict is sending shockwaves through Nigeria's financial world, says the BBC's Caroline Duffield in Abuja.

Lagos — Aggrieved shareholders of the defunct Oceanic Bank is asking the Federal High Court in Lagos to order the Central Bank of Nigeria (CBN) and the Assets Management Corporation of Nigeria (AMCON) to return the N191 billion worth of assets forfeited by Cecelia Ibru back to the bank.

The shareholders in a fresh suit filed on their behalf by the chairman, Association of Oceanic Bank Shareholders Boniface Okezie and Adewale Basirat Abolanle, joined as defendants in the suit AMCON, CBN, EFCC, Federal Attorney General and Ibru. The suit with reference number FHC/L/CS/1266/13 is yet to be assigned to any judge, Daily Trust gathered.

The plaintiffs are praying for an order declaring that Ibru was liable to make good to them, monies and assets improperly, "paid out or converted or otherwise improperly acquired from Oceanic Bank before its merger with Ecobank".

Leo001:
Man know man method was applied! with no due process wetin be Dat corruption

nduchucks:


This does not violate any CBN guideline.

dunkem21:


Kindly expatiate.

#dorofreshair.

nduchucks:


See my updated post please. Thanks

dunkem21:
This is corruption personified for a man that claims he wants to fight corruption. A man that cannot follow due process is not fit to be a leader.

And tomorrow, we cry of failed banks. A Loan of N27m without collateral?

We need to know this bank because they can dole out N300m for his campaign without collateral.

#dorofreshair

skyfall:
This obsession with Buhari will definitely send some people to the ER.

What's your frigging matter with a purely confidential transaction between a private citizen and his bank? Na wa o.

dunkem21:


Your attempt to cover this fraud failed woefully. List the 5C's of credit here and you will be shocked that your man didn't meet 2 of those criteria. And Yes, Collateral is one of the C's.
Ok, Lets look at them

. Character - Integrity( Lets say he has this)
. Capacity - Sufficient cash flow(He is deficient here)
. Capital - Net worth.(He certainly doesn't have this)
. Collateral - Assets to secure the debt.()
. Conditions -

The credit process is flawed.

#dorofreshair

dunkem21:
.

Nansense and Ingredients. Post Erastus Akingbola's own too.

They gave their selves and cronies funds to do business without following due proper credit processes like the 5C's as per thread trail.

Are you trying to justify this?

#dorofresh

EMANY01:


My friend,clearly you have bought the lie like every one else,BUHARI did not I repeat did not borrow a kobo from ANYONE,ANYWHERE.
All this talk about loans from the bank and what not is consistent with the makings of a legend or you might say cover.
Dropping 28 million Naira cool as you please would have burst the FABLE his worshippers have spun over and over again so the spin story of some PHANTOM LOAN.
If he is pressed the name of the bank and the branch will never come out because, [size=20pt] NO SUCH TRANSACTION HAPPENED.[/size]
He has got capacity,
He has got capital and
He has got assets
Do not be fooled.

dunkem21:


Your attempt to cover this fraud failed woefully. List the 5C's of credit here and you will be shocked that your man didn't meet 2 of those criteria. And Yes, Collateral is one of the C's.
Ok, Lets look at them

. Character - Integrity( Lets say he has this)
. Capacity - Sufficient cash flow(He is deficient here)
. Capital - Net worth.(He certainly doesn't have this)
. Collateral - Assets to secure the debt.()
. Conditions -

The credit process is flawed.

#dorofreshair

Gbawe:


Thank you. Discretionary approval of loans, without the demand for a collateral ,is still a valid banking practice worldwide. Yet we can trust some Nigerians to display their penchant for fraudulent behaviour which sees them arguing that the earth is flat and that babies come out of the human nose as long as such inanities fit with the agenda they are pursuing.

Is it not ridiculous some are trying to indict Buhari of wrongdoing when they do not even know, minimally, if this is an unsecured loan? Do some people appreciate that , universally, a collateral is not required for an unsecured loan? It is just troubling how some folks fail to see that they are portraying Nigerians as unintelligent m0r0ns with their attempt to establish a point which is not valid to begin with.

Olaolufred:
[size=18pt] You are directing this to wrong audience.
BROS, GO TO THE BANK AND MAKE YOUR ENQUIRIES.[/size]

PhockPhockMan:
Sharaaaaaaaap, did we beg him to tell us about the loan?
He must explain to Nigerians the details. Buhari is a corrupt billionaire.

brown3:
because we dont want a terroris as our president.

kolawaxxy:
He used his integrity.


"so much depends on reputation; guard it with your life"

Gbawe:


Bro, don't let these charlatans fool you into conceding what is not even the case. They do not know the sort of loan Buhari obtained and the terms. Rightly so because Buhari does not have to explain such to anyone even as a lot of Nigerians like to overstep their boundaries and disregard limts of intrusion into the affair of others. Talks of 'collateral' is entirely misplaced because it stands to reason that Buhari obtained an unsecured loan. Worldwide, it continues to remain the case that a collateral is not required for an unsecured loan. Should Buhari then have to come out to explain the terms of his personal loan to Nigerians? Which of us is obliged to do this? Abeg some folks could go and sleep if they are jobless. This desperate attempt to paint Buhari black, with ignorant and pedestrian insinuations, is amusing to say the least.


http://www.investopedia.com/terms/u/unsecuredloan.asp

kolawaxxy:
He used his integrity.


"so much depends on reputation; guard it with your life"

johnbuck81:
fish brain na u get..olodo.

kolawaxxy:


what fhuckery is this o TANmite? Get thee behind me you blithering mooroooon with your infinitesimal brain

Olaolufred:


[size=14pt]A BANK GIVES LOAN. NON OF YOU MADE A MOVE TO DEMAND THE TERMS FROM THE BANK, BUT YOU ARE HERE JUDGING YOUR IGNORANCE.
PEOPLE ARE TRULY DECIEVING PEOPLE.[/size]

etunoman76:
Buhari meanwhile, yesterday procured the party’s N27.5 million expression of interest and nomination forms at the national secretariat.

Lamenting what the costs of the forms were high, he said that it took the understanding of his bankers in Kaduna and Abuja to raise the money.

“It’s a pity I couldn’t influence this amount to be put down as in the case of ladies and the disabled that intend to participate. I always looked left and right in our meetings but I could not read sympathy, so I kept my trap.

“But I felt heavily sorry for myself because I don’t want to go and ask somebody to pay for my nomination forms, because I always try to pay myself, at least for the nomination.

“N27 million is a big sum, thankfully I have personal relationship with the manager of my bank in Kaduna and early this morning, I put an early call (and) I told him that very soon the forms are coming, so, whether I am on red, or green or even black please honour it, otherwise I may lose the nomination.
http://www.vanguardngr.com/2014/10/jonathan-blasts-buhari-says-buhari-promising/