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Nairaland Forum / Nairaland / General / Politics / Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors (4332 Views)
Poll: Is it right to treat indebtedness as a crime?Yes, serves them right.: 34% (11 votes)No, debt is a civil matter.: 65% (21 votes) This poll has ended |
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Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by pikadily(m): 3:31am On Aug 26, 2009 |
Too many ignorant and illiterate people. Loan defaulters cannot be arrested as it is no crime to owe money. Many organisations borrowed money with good intentions and submitted solid business plans these banks. Many have defaulted on their loans for various reason including stiffling operating conditions in the country and other unforseen circumstances. Richard Branson and Sir Freddie Laker ran down several businesses taking along huge loans from financial institutions down with the businesses before finally making it big in business. Imagine if the authoriites in the UK had arrested and locked up this people for having bad debts. If you fail to meet your debt obligations, the right thing for the bank to do is go to court and get an order to liquidate as done by Access Bank recently. At no point shoul the law enforcement agencies come into the scenario. Only if a case of malpractise has been identified. As far as we know, the only crime these debtors have commited is to owe money. @papillo I think you are the ignorant illiterate mumu/idiot here.When you take a loan for a specific purpose you are suppose to use it for that exact purpose.You heard of diversion before. The majority of these debtors after collecting loans almost immediately divert the money away to what ever suits them.They buy mansions and cars for their girlfriends with depositors funds.Personally i know this Guy Jamilu "JAG GLOBAL"this chap so young just married like 6 weeks ago,on the debtors list he owe 2 banks about 5 billion.When the going was good this guy's convoy will rival a governor's,this guy single handedly raised a polo club and even finance polo tournaments all with people's hard earned money just for kicks. http://allafrica.com/stories/200805230309.html Not that he is a professional in the field of oil and gas or anything just registered a company with CAC and got 5 billion to play around with even before this heat already the JAG office has closed down,even he can not tell you exactly how or where the billions are.I tell you more this Guy even started seeing the daugher of a former military president "name with held" thats schooling in switzerland and seeing her constantly showering her with cash gifts i wouldnt want to mention here all with people's deposit Mumu and you say thats not a crime. You see banks are not stupid.They know when their investment is gone down the drain.They can arrest and drag a debtor that owes them 1 million naira or other insignificant figure.They know that will not raise eyebrows but when you owe like say ten billion Naira they'd rather draw you closer add you more money if possible and then pray that the bubble doesn't burst.Thats how most of these big debtors owe such huge deficits the banks will rather give them more Billions than take them to court.they do their home works they calculate the pros and cons as in the futility of trying to recover Billions that are not there plus the negative publicity,the panick with drawals and the whacking away of their share value etc VS keeping it silent and deceiving themselves some how some day you will be able to pay them back and more often they choose the latter. Its a conspiracy the debtors and the bankers are all criminals and sunusi is on the right track.Dont come here and call any body ignorant blockhead |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by Wilfem(m): 9:14am On Aug 26, 2009 |
I have no doubt that this whole thing must surely have a great deal of political undertones, especially from those Northerners. I foresee a lot of troubles ahead for the baking sector |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by MrCrackles(m): 9:18am On Aug 26, 2009 |
Can someone please tell me if EFCC has arrested anyone yet |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by freezy(m): 9:48am On Aug 26, 2009 |
Arrest ke? For where? bros, this is naija o! News getting to me states Waziri and her cohorts are still preparing to arrest, and are in fact giving the debtors who are running around to source funds, another grace of 24 hours . . . Do we need an Ifa priest to tell us that serious palm greasing has gone on Nonsense people. |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by frankkky: 10:56am On Aug 26, 2009 |
this issue of bank debts is supposed to be a civil offence and not a criminal one,banks before giving out such loans smust have done their studies very well,i guess in nigeria anything goes,imagine sending mobile police squard after the bank debtors,nigeria sha |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by MUZBO(m): 11:34am On Aug 26, 2009 |
vigasimple:Nice to know my catchy adaptation of Waziri as Wazero is catching on. Ride on bro! Hope she does better though. |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by tboycares: 1:24pm On Aug 26, 2009 |
i think she is doing the right thing cause all our money are been spend by so called the richest in nigeria and whenever you go to bank they lie to you that the system is down not knowing that they are waiting for people to save to pay those who want to withdraw. They all have to be prosecuted "The bank executives and the Debtors. |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by Nobody: 4:46am On Aug 27, 2009 |
http://news.bbc.co.uk/2/hi/africa/8221513.stm Nigeria's special fraud police say they are preparing to act against business tycoons who have failed to pay back billions owed to banks. wayoziri the olodo |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by Nobody: 5:11am On Aug 27, 2009 |
http://234next.com/csp/cms/sites/Next/News/National/5449947-147/EFCC_engaged_in_futile_showmanship_.csp EFCC engaged in futile showmanship |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by Nobody: 5:13am On Aug 27, 2009 |
this foolish woman has done more damage to sanusi's actions with her inept incompetence than the bankers could have done with their insiniations of tribalism - cow in a china shop |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by gent2ken(m): 8:15am On Aug 27, 2009 |
THIS PEOPLE ARE ALL MAD, IF THEY ARE DOING THIS TO PEOPLE THAT COLLECTED LOAN FROM A BANK, WHICH IS THE BANK DUTY, WHAT ARE THEY DOING TO ALL THIS PEOPLE THAT CAME ONE DAY TO NIGERIA AND CALLED THEIR SELF DIFFERENT NAMES LIKE WEALTH SOLUTION, GOLOTRANCE, DIVINE ETC AND CLAIMED TO BE GOVERNMENT APPROVED, ADVERTISING IN NEWS PAPERS AND RADIO STATIONS SAID GOVERNMENT HAVE COLLECTED CERTAIN AMOUNT BUT END UP TO HOLD PEOPLE MONEY UP TILL DATE, |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by Nobody: 8:42am On Aug 27, 2009 |
EFCC aka repoman vs naija debtors aka million dollar man [img]http://api.ning.com/files/qkMrjfO6NusAALMLuvTA12n*s8*YWn1-z85u5-P5FsrAbMFJx1bYCWZZ0bnkTYlOwA2sTyAGI62L5UQghWX3rSraKtUOhnAm/MillionDollarMan.jpg [/img] |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by Nobody: 8:48am On Aug 27, 2009 |
efcc from nu[b]HERO[/b] ribaDO to farODE wa[b]ZERO[/b] |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by Nobody: 9:27am On Aug 27, 2009 |
http://www.sunnewsonline.com/webpages/features/newsonthehour/2009/aug/27/newsbreak-27-08-2009-001.htm Governor of the Central Bank of Nigeria (CBN), Mr. Lamido Sanusi, had a closed-door meeting with Mrs. Waziri in Lagos on Wednesday. lets hope Sanusi was able to talk some sense into the attention seeking incompetent |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by Nobody: 12:53pm On Aug 27, 2009 |
" |
Re: Waziri, 100 EFCC Men Storm Lagos To Arrest Debtors by Walency(m): 5:58pm On Mar 21, 2010 |
macfarland: I wonder!!! Dont worry,it is backfiring already.The whole economy is in shambles.This is what we get when we put a 3 year old educated illiterate boy to drive a luxurious bus.The first thing he does is to press the horn. Our man is confused. |
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