joyairemiya:
Very unfair. Mrs Ibukun Awosika should go to court

read the BOFIA Act before asking the woman to go to court.

joyairemiya:
Very unfair. Mrs Ibukun Awosika should go to court

she should not have allowed otudeko to use her head,hand to have a whooping #100 billion insider unpaid loan to be running around with in cbn books.

WiszyFraud:
Did you know??

A single sperm has 37.5MB of DNA information in it. That means that a normal ejaculation represents a data transfer of 1,587.5TB.

How did you come up with this??

Sammy07:




Stop your Yoruba hatred and breathe life.



How much is 3k to First bank?

Do you know the percentage ratio of commercial money that's with CBN? Just incase of insolvency?

It is just sarcasm.....It is good thing to know when someone is being sarcastic. It's an indication of healthy mind.

hybridblood07:
Dr. Oba Otudeko has finally accepted change of board members

Does he have a choice. At this stage he can't do more than a dead rat.
It's good for him to be cut to size, his board room bullying and arrogance needed to be treated and Emefiele treated it well

RuudVanNisteroy:

As long as her shares in First Bank are still intact, it would not be a good idea to fight against the CBN.

Going to court worked for Wale Tinubu, Oando when the Securities Exchange Commission (SEC) sacked the management for the same corporate government malfeasance similar to First Bank and he was able to get a court order to be reinstated. However, the powers behind Wale Tinubu are far greater than the powers behind Mrs Ibukun Awosika and Oba Otudeko.

She is not a major shareholder in First Bank. She was put there by Oba Otudeko. She is a good woman, but people should not be swayed by those beautiful speeches. They don't necessarily translate to wealth.

baralatie:

she should not have allowed otudeko to use her head,hand to have a whooping #100 billion insider unpaid loan to be running around with in cbn books.

Abeggi make I hear word.

Go to court � fire

Go to court and do what exactly ?
Are you a learner ? Oh so you think as chairman of board, she was unaware of those insider dealings that resulted in high percentage of bad loans for which the bank was in CBN forbearance ? You think she was not part and parcel of it ? Let her make pim and Otudeko will open her nyash. That's how they will come to seminars and conferences and be preaching hardworking, discipline, integrity yada yada, yada , but inside the board room they are rogues and law breakers

Ok

Myself2:


Abeggi make I hear word.

Go to court � fire

Go to court and do what exactly ?
Are you a learner ? Oh so you think as chairman of board, she was unaware of those insider dealings that resulted in high percentage of bad loans for which the bank was in CBN forbearance ? You think she was not part and parcel of it ? Let her make pim and Otudeko will open her nyash. That's how they will come to seminars and conferences and be preaching hardworking, discipline, integrity yada yada, yada , but inside the board room they are rogues and law breakers

The insider dealings are not the major issue. Most of the bad debts in First Bank were given when Sanusi Lamido Sanusi was CEO. I heard Seawolf's debt alone was over $1billion (though not sure if this is true)

Nigerians always find a way of humiliating themselves on the global stage

i use to have 4 first bank accounts linked to my sim but right now i can find only one is this the reason?

I didn't know CBN can actually appoint board members in banking sector

Myself2:


Does he have a choice. At this stage he can't do more than a dead rat.
It's good for him to be cut to size, his board room bullying and arrogance needed to be treated and Emefiele treated it well

RuudVanNisteroy:

As long as her shares in First Bank are still intact, it would not be a good idea to fight against the CBN.

Going to court worked for Wale Tinubu, Oando when the Securities Exchange Commission (SEC) sacked the management for the same corporate government malfeasance similar to First Bank and he was able to get a court order to be reinstated. However, the powers behind Wale Tinubu are far greater than the powers behind Mrs Ibukun Awosika and Oba Otudeko.

There is nothing to fight ..

CBN can do and undo with a bank

First Bank's cabals have been defeated by CBN.

Sammy07:

My name resembles someone that do fast

it's a question.... name does not determined faith. how would I know ?

Nice one..

joyairemiya:
Very unfair. Mrs Ibukun Awosika should go to court

To do what?

She’s a NON-EXECUTIVE chairperson...
Her role is SOLELY advisory, not managerial.
>

kolexy:
The insider dealings are not the major issue. Most of the bad debts in First Bank were given when Sanusi Lamido Sanusi was CEO. I heard Seawolf's debt alone was over $1billion (though not sure if this is true)

Abegi quit with beer-parlor rumor mongering....
The troublesome insider loans were primarily those extend to Honeywell.

In addition, FBN held equity in Honeywell (and Bharti Airtel)...
Which it should never have held, and was repeatedly directed to divest.

Meanwhile, not only did Sanusi leave FBN in 2009....
But one if the first things he did as CBN Governor was to TIGHTEN insider lending rules.
>

RuudVanNisteroy:
As long as her shares in First Bank are still intact, it would not be a good idea to fight against the CBN.

Going to court worked for Wale Tinubu, Oando when the Securities Exchange Commission (SEC) sacked the management for the same corporate government malfeasance similar to First Bank and he was able to get a court order to be reinstated. However, the powers behind Wale Tinubu are far greater than the powers behind Mrs Ibukun Awosika and Oba Otudeko.

Fight on what basis abegi?
NO bank can appoint a new CEO without CBN approval.
>

Yankee101:
First bank is plc not limited

You're wrong, First Bank is a Limited liability company. It's the holding company that is a "Plc"

bunto:
Black man and emotions.
Are you saying this from a place of knowledge or just because you assume she is a good person.
This is why our Elites use our heads.

She is saying it out of sentiment cos she has watched too many of Awosika's motivational videos

hybridblood07:
I didn't know CBN can actually appoint board members in banking sector

Now you know

baralatie:

she should not have allowed otudeko to use her head,hand to have a whooping #100 billion insider unpaid loan to be running around with in cbn books.

In case you don't know it was Otudeko that nominated her as Chairman therefore she was his lackey and always did his bidding

kolexy:


The insider dealings are not the major issue. Most of the bad debts in First Bank were given when Sanusi Lamido Sanusi was CEO. I heard Seawolf's debt alone was over $1billion (though not sure if this is true)

The insider dealings ARE the major issue. I don't know anything about Seawolf, I don't know if FBN invested in it in a shady way like they did in Honeywell and Bharti Airtel, companies that have/had Otudeko as chairman. So as long as there was no conflict of interest and insider consideration in the procurement of the loan by Seawolf as you alleged, thats purely normal course of business and should not raise eyebrows even if it's 3 billion dollars. The crux of the matter here, is insider dealings, it's actually a criminal act and people do go to jail for stuff like this