₦airaland Forum

Nwatigboshi: Too much sentiments from all of us here. One tin I believe is dat powerful pple are only trying to bring down Ifeanyi. The man na Robin hood joor. At least, he sold kerosene to me for 50naira when everyother person was selling for 250naira, while others were even hoarding theirs. I'm not here to judge. Let the court judge.

Myself2: I don't give a flying f[i]uc[/i]k what goes down with Ifeanyi Uba and Cosmas Maduka;na them sabi per any biz deals gone sour between 'em.
However,I hope this whole episode exposes and disgraces Aig Imokhuede and the criminal operations he runs under the guise of banking.Using fraud and dubious strong arm tactics to steal or forcefully kill or take over the businesses Access bank granted facility as well as taking over even banks(intercontinental bank for instance) that Aig's companies are indebted to,shows this man is worse than all the oil marketers he is purportedly investigating put together.
I spit on Aig Imuokhede and his Access bank of fraud

Boss13: Now when people tell you to go and study accounting you will refuse. Business-wise Cosmas did not borrow the money, Coscharis Capital Oil did, regardless of the fact that he sits on the board of both companies. True, directors and non-directors can borrow and where they have an interest in another company, this should be declared. No CBN Act refuses any director or NED not to borrow but there must be scrutiny (for example, Management Credit Committee cannot advance a loan greater than its approval limit). FYI, banks do not lend to you based on security but based on the nature of business. However, it is a regulatory requirement under BOFIA 1991 (revised 2009) that banks should ensure there is security for any loan advanced to customers. Negative pledge is a world-wide practise (a lot of blue-chip or what you call multinationals borrow based on that). Dangote borrows on Negative Pledge. Cosmas Maduka has not said he cannot paid, the issue on ground is that the vessel (consignment) is missing?

If you do an independent review of the transaction, you will see that in all genuineness, it is a business worth doing for the growth of all interested parties. However, certain persons decided to be smart as they always are, which to me is just plain stupidity. Ifeanyi is running his mouth, he has forgotten that he did a personal guarantee for Cosmas Capital Oil. Such a foolish man.

coded guy: You must be mentally challenged to insinuate that I am Cosmas because I hold a divergent view with you. So which story did you read or hear that made you draw your own view or should I also call you Ubah? I
won't, cos I don't have ur challenges.

There where supposed to be about 10 deliveries, he delivered 6 and started telling stories where are the remain good? Or better still what happened to it. Did Ubah deny that he did not deliver? He kept on ranting like an illiterate on TV dat everyone including the finance minister is agaainst him and that he had documents he would publish. Let him publish them or keep quiet.

Your position that Cosmas was emotional while speaking is neither here nor there, he admitted he took some decisions emotionally and he regrets it with what is playing out now and that as a result of his position in the bank and what he was entitled to he practically took the loan on behalf of ifeanyi and made him sign as a guarantor for the goods. Ifeanyi signed, now that he can't produce the goods they are going after his assest and he was ranting on TV that they were going after his assests.

So because Maduka was emotional with his decision( which was wrong considering what's going on now) ifeanyi should go scot free.

coded guy: I saw ifeanyi Ubah's interview in channels and I just read this here, comas maduka's side of the story. Its obvious Ubah is a thief! The question is Where are the goods? If he had successfully delivered on this deal, it would have opened up the chance of doing more legit business with Maduka and the bank and even make more money.

The guy is an illiterate and could not see the bigger picture.

ballabriggs: Now look at Maduka. A Director at Access bank, also able to get a loan of about 25 billion naira. Where is corporate governance? Where is corporate ethics? I hope the guys at CBN have their eye open to this.

If you are a shareholder of Access Bank and you have not started dumping your shares in the market, I pity you. Such a bank where ethics is lacking is bound to go down.

Sealeddeal: Are u in support of Maduka and Acess bank? Ifeanyi Uba is a lucky billionaire who got his wealth from hardwork and luck. Do u know anything about Maduka(Coscharis)? Dont let me say it here. This is what is called 'eating of brother's flesh'. Maduka is greedy and being motivated by Politics especially those that are bent on destroying Ubas reputation.

zebudaya: No business man invests $285 Million dollars into a business to "help his brother's business". He did it out of pure greed after calculating his ROI. Ifeanyi Uba said the money they are asking for, is frozen by Access bank and the government, so he can't pay. He also said "They are all in this together" even the ministry of Finance. NOI and co.

They are all guilty and looking for a fall guy. They want to give a goat a bad name only to hang it, and then it's back to business. This is the same type of trial that Jesus Christ had, with the masses screaming crucify him, crucify him. The Government should probe the fraud, name all the fraudsters and stop bullshitting we the people with panels and committees who lure ideas down an alley and strangle it to death.

menix: Movie Title: Greed nd Roque Evolution

Pple wiv critic, if maduka does not take risk blive mii he won't b dis successful nd dis is jst 1 of doz risk.

berem: When dem dey do the business together since,dem no tell us o! Now wey kasala don burst,dem come dey tell us stories. Wetin we wan do now? Shey make we dey cry ni? Even if we wan cry,shey dem go give us the money? To hell with both of them jare!

lekanfahd: By now I think Nigerians should know how not to believe these men, they are all criminals. Every one of them are birds of a feather that flocks together. Every of these business men and politicians are the reason why Nigeria is where we are today.i I have said it before that since we(I mean Nigeria) has fail to really stand and fight this corruption thing for real, we are just digging our own grave. What is happening in Nigeria is applicable the world over. These business men and politician do more damage to their than u can think. They always give 10 to take back 200 in whatever they do. They know where and how they their countries. I just tire to talk

acidtalk: Nigerians are BAD MOUTHED and UNGRATEFUL

When you were knEeling doen and begging Cosmos to help invest in your business you called it World Class blue chip company, now to repay your debt, it is now a pure-water company.

geeez: Impressive!

Boss13: Ifeanyi haba, that means you are fraudulent

Ptimes: Nigeria’s controversial oil minister Diezani Alison-Madueke’s management style, which is disrupting the governance structure of the Nigerian National Petroleum Corporation, NNPC, is causing concern in the state oil giant and the industry, a joint investigation by the International Centre for Investigative Reporting and PREMIUM TIMES has shown.

The powerful oil minister has rendered some administrative structures and personnel, including the position of permanent secretary, redundant with her penchant for using personal assistants in her office to conduct high level official duties.
Read more: http://premiumtimesng.com/news/106008-how-oil-minister-alison-madueke-runs-nnpc-oil-ministry-like-personal-estate.html

Toaskarity: Big head like you
Do you think 99.9 % of outsiders know what is
Northern Nigeria or southern Nigeria.
If an ignorant Ghana men can say "Thank God I'm not a Nigerian" and thinks Nigeria end in Lagos
with only kiloshele as nigeria " was up" then how much more far distance ppl that see only bombing going on in Nigeria. Do you think they know what's northern Nigeria ?

gramci: The Northern economy will attract weapon manufacturers, investment na investment

Ngodigha1: Monkey, shut up your stinking mouth. What is wrong in one come up with the truth in his published memoirs, get a life, bastard.