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Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis (29500 Views)

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Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by kenchop(m): 5:41pm On Apr 30
What ever happens the CBN should save Honeywell flour from a
Collapse. A lot of people draw their livelihood from that company. Jobs there should be saved.
God help this country.
RuudVanNisteroy:


https://pmexpressng.com/how-oba-otudeko-rebuffed-my-pleas-on-first-bank-crisis-emefiele-cbn-governor/

1 Like

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Bennycollins: 5:43pm On Apr 30
And that amount is after all those debts he is owing are deducted o.
CSTRR:
One man is worth $550 millions and still owing bank debt.

In the poorest population on Earth.

1 Like

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by vickydevoka(m): 6:13pm On Apr 30
CSTRR:
One man is worth $550 millions and still owing bank debt.

In the poorest population on Earth.
Are you trying to say his worth is worthless
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by BOSSFX: 6:33pm On Apr 30
grin grin grin grin grin grin.
No kill me with laughter here o.
Guy, u make sense die.
Receive Grace to be elevated.

Roddwave:
o boy see levels
So even cbn governor's calls gets rejected
Na waoo
God elevate me make me dey reject Minister's call

2 Likes

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by BOSSFX: 6:46pm On Apr 30
grin grin grin
buuaaaaaah
Guy, u be clown o.
Nairaland never disappoints. If you no wan laugh, sbd go still bring ur teeth out sha.
Ontop matter wey dey ground, naa ur 3k grip u pass.
grin grin grin

Blacknote:
All this one na long grammar and epistle, my own na make nothing do my 3k wey dey there, na wetin I go use hold my side this coming week.
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by TOPCRUISE(m): 6:46pm On Apr 30
If he flash oba otudeko now, he will call him back sharpardly grin

1 Like

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by observanc1: 6:48pm On Apr 30
Roddwave:
o boy see levels
So even cbn governor's calls gets rejected
Na waoo
God elevate me make me dey reject Minister's call
mind what u wish for.
If the minister deals with u after u reject his call, dont complain.
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by observanc1: 6:57pm On Apr 30
RillJ:
Amaechi does not like money.

very funny. Yet he has been in govt since 1999. Amaechi cannot survive without free govt money.

1 Like

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by observanc1: 7:03pm On Apr 30
omohayek:

Really? Where's your evidence for the claim? Can you provide any links to resources showing that the CBN has such rights? Can you go further and show where central bank governors in countries with good track records on inflation have personally muddied their hands with such matters? Anyone can make claims like yours without the slightest evidence to back them up.


Given the existence of the auditors you mention, why did Emefiele then have to personally get involved in this issue? Can he see nothing better to do with his time, even as the great mass of Nigerians are suffering under the inflation he's allowed to run riot? That's what I'm getting at when I say the man is clueless about setting priorities.
google "cbn guideline on corporate governance" and read the pdf document from cbn website
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by afroxyz: 7:24pm On Apr 30
airsaylongcome:


Owing bank debts? I hope you know that Oba Otudeko is a different entity from Honeywell Flour. Honeywell (and not Otudeko) owes First Bank

Otudeko owes first bank not Honeywell
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Cajal(m): 7:41pm On Apr 30
Roddwave:
o boy see levels
So even cbn governor's calls gets rejected
Na waoo
God elevate me make me dey reject Minister's call
Amen

1 Like

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by airsaylongcome: 7:43pm On Apr 30
afroxyz:


Otudeko owes first bank not Honeywell

Reference please
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by airsaylongcome: 7:45pm On Apr 30
membranus:


Oga that one na legalistic turenchi.

Otudeko is Honeywell, Honeywell is Otudeko.

Whatever happens to Honeywell happens to Otudeko who is the major shareholder.

Well maybe if you understand how these things work you will say otherwise.
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by streetfabulous: 7:51pm On Apr 30
Wisdom is also to know when to humble yourself and choose your fight carefully . Your bank has been on CBN's liquidity support and regulatory forbearance in the last 5 years and you still want to flex muscle with them. If the CBN governor was meek enough to call you on this matter, the least you can do is hear him and discuss a possible win-win situation. Some one like Sanusi Lamido would have treated his case long ago.

2 Likes

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Blacknote: 8:41pm On Apr 30
BOSSFX:
grin grin grin
buuaaaaaah
Guy, u be clown o.
Nairaland never disappoints sha. If you no wan laugh, sbd go still bring ur teeth out sha.
Ontop matter wey dey ground, naa ur 3k grip u pass.
grin grin grin

Everybody get hin own wahala, na d safety of my 3k dey give me headache

1 Like

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by oluwaahmed: 9:23pm On Apr 30
RuudVanNisteroy:

Techcabal says the loan is N75 billion. He owns 75% of the shares in Honeywell Flour.

Baba it was initially 75billion bad debt. But instead writing off, the MD restructured it 45bn so at all all hom go pay, but he rather chose to remove the MD instead of paying up the loan.

1 Like

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by baralatie(m): 9:28pm On Apr 30
oluwaahmed:


Baba it was initially 75billion bad debt. But instead writing off, the MD restructured it 45bn so at all all hom go pay, but he rather chose to remove the MD instead of paying up the loan.
na wa o!
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Twoclans(f): 10:41pm On Apr 30
Could this be the gradual end of first bank. undecided

I trust SLS he would never have called the Oba,he with just treat his mess up from Abuja.

2 Likes

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by galantjoe(m): 10:43pm On Apr 30
festacman:
As an entrepreneur, Oba Otudeko is a go-getter. As a boardroom politician, he is bullish, very bullish. As a money-chaser, he is a hard-nosed capitalist. He has the tendency to browbeat regulatory authorities both in money market and capital market. There is no doubt that Oba Otudeko is a principality in the mammonic kingdom.

However, every empire has its rise and its fall. One hopes this corporate governance misadventure will not lead to the fall of Oba Otudeko empire.

It has already caused his downfall.

But let me ask how can CBN allow him to be a chair or FBN holding, airtel and Honeywell, FBN has equity shares in those company at the same time loans were granted to them. Which were later restructured following their non performance. This is totally against codes of corporance governance

Maybe his palm grease to emefina had expired or it is not renewed thus CBN woke up from their slumper and wield their hammer.

Oba,

1 Like

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by galantjoe(m): 10:48pm On Apr 30
But let me ask how can CBN allow him to be a chair of FBN holding, Airtel and Honeywell at a time. Not only that, FBN has equity shares in those companies at the same time loans were granted to them. Which were later restructured following their non performance. This is totally against codes of corporance governance and best practice. There must be insider abuses due to conflict of interest

Maybe his palm grease to emefina had expired or it is not renewed thus CBN woke up from their slumper and wield their hammer on him. Thank God it happens at early stage otherwise it will be another story altogether

1 Like

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by RuudVanNisteroy: 11:47pm On Apr 30
galantjoe:


It has already caused his downfall.

But let me ask how can CBN allow him to be a chair or FBN holding, airtel and Honeywell, FBN has equity shares in those company at the same time loans were granted to them. Which were later restructured following their non performance. This is totally against codes of corporance governance

Maybe his palm grease to emefina had expired or it is not renewed thus CBN woke up from their slumper and wield their hammer.

Oba,
CBN was sending them reminders to divest from companies they had equity and granted loans to,but they failed to listen.Hence the need to wield the big hammer. International investors are watching the jokers with astonishment that all themselves regulators of the stock market and banking industry.

1 Like

Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by olatuns2017: 12:46am On May 01
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by olatuns2017: 12:49am On May 01
CSTRR:
One man is worth $550 millions and still owing bank debt.

In the poorest population on Earth.

He is reacher than that...

Anyway Rich people borrowed alot even if they have the capital to do business...they still borrow in banks

Don't know y?
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by olatuns2017: 12:53am On May 01
RuudVanNisteroy:


https://pmexpressng.com/how-oba-otudeko-rebuffed-my-pleas-on-first-bank-crisis-emefiele-cbn-governor/

Baba Otudeko is rich and a capitalist to the core ..
Like any other rich business man(Dangote)
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by loffers(m): 1:27am On May 01
Dangote flour
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by afroxyz: 1:44am On May 01
RuudVanNisteroy:
CBN was sending them reminders to divest from companies they had equity and granted loans to,but they failed to listen.Hence the need to wield the big hammer. International investors are watching the jokers with astonishment that all themselves regulators of the stock market and banking industry.

I'm baffled that people still have the mind to invest in NSE
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by seguno2: 2:17am On May 01
Roddwave:

I dont mean to say i go dey proud but at least
Those foolish top government ofiice holders deserves not to be answered

Irrespective of how disappointing our government officials are, it is very useful to remember that until they are replaced, they are us.
Otherwise, can you please explain how the government is ultimately different from the people who own it
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by lagosrd: 7:18am On May 01
Throwback:
Is it because Oba Otudeko is Igbo? Emefiele is just a jealous Yoruba man who is envious of the hardworking Igbo business man whose investments span a lot of industries.


Not until you hear from the man himself
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by explosiveskull(m): 7:37pm On May 03
shosky1794:
Let me be a conspiracy theorist; if honeywell group falls which direct competition gains? I leave you to answer that cheesy
Dangote

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