Ugosample:


yea


Banks are NOT public assets

Well until the govt takes over the bank in its entirety, not "bailing" the banks alone

That is what I want the other guy to know

Well said and noted...

Also note that even when bailed, the Government (which is a representative of the public) becomes an influencing stakeholder by virtue of that bailout.
Bailout is not free tissue to wipe away the Managers/Directors shit. Someone has to pay for it by way of finance and/or legal prosecutions were found necessary.

why is dangote's name not on the list?

Why is Tunde Ayeni's name (former MD of now dead Skye Bank) missing from the AMCON list?
Ayeni used his position as Skye bank chairman to take massive insider loans totaling N70b.

He is also indebted to other banks to the tune of N80b.
Hence, his total indebted to Nigerian banks is in excess of N150b.

All his loans which he used to purchase Ibadan Electricity Distribution Company, Yola Ibadan Electricity Distribution Company and Nitel/Mtel, private jets and yatchs are distressed. Yet his name is missing because he is strongly connected to Bola Tinubu.

To keep the old Skye Bank affloat (now renamed Polaris Bank), CBN had to inject tax payers money to the tune of N786 billion. Meanwhile Ayeni is strutting the landscape a free man and enjoying his loot with his political friends.

[quote author=RockHard post=72307634]Smh. They have so much debt hanging over their heads, yet they still living large and spending like no man's business.

Reminds me of something I read sometime ago.

*THE BANK*

A bank is a broker between the poor and the rich. The only place where the two meet is in a bank. The poor brings the money, through saving, and the rich takes it, through borrowing.

A poor person saves the money because they have more money than their thinking capacity. So they keep the money in the bank so they can go and think what to do with the money they saved. On the other side, the rich people come to pick that money, through borrowing, because they have more ideas than the money they have.

On a practical side, please show me one billionaire who got rich through saving and I will show you a million Nigerians who have money saved in the banks and are still renting the houses that the Millionaires and billionaires build through the poor people savings which the rich borrowed from a bank.

*#ThinkInvestment

People's priority differs in life. Some want rest of mind with just enough money to see them through life. Others want excess money and power which comes with luxury, and as well as worries that comes from huge debt their generation may never pay back.The question is what is your priority in life.