₦airaland Forum

holyidol:
There is too much hardship in naija

There’s far too much greed...
Earnest poor folk are too busy scrambling for a living and too poor to buy PC and sit around trying to Yahoo folks living abroad.
>

oloriLFC:
"Sudden death" indeed. Sudden death wey land person beside the road

Why not? Isn’t that the very definition of “sudden” death?
Could be cardiac arrest or an aneurysm, but many Nigerians never see a doctor until they are virtually at death’s door.
>

AutoJoshNG:
https://autojosh.com/wp-content/uploads/2019/05/Yaba-Railway-Track-8.jpg

Meanwhile, work on the Yaba Bus Terminal looks all but abandoned.

OP, Lagos-Ibadan is NOT the first or only double standard gauge rail line in Nigeria...
Abuja-Kaduna is double standard gauge (and I also think Itakpe-Ajaokuta-Warri is as well).

ecclize:
Oparanozie should have been dropped instead... She knows how to play rubbish for Africa

Oparanozie was made the new skipper instead...

Meanwhile, this Uchenna Kanu can score goals o! Leading all US collegians in scoring this past season with 57 goals (in 24 games) and landing on Sports Illustrated magazine (see link below). Good luck to the Ladies!

https://pbs.twimg.com/media/DwpoU7cX0AUa4R9.jpg

Nigerians continue to be the WORST thing to happen to Nigeria...

ZOO!

Why are the APC floats there?
This is a state event paid for by the NIGERIAN TAXPAYERS, not a partisan political rally!
>

ZOO!

ijmbadmission:
Who else misses Mama P

I do. Comedy hasn’t been the same since...

Proffdada:
Let's see what sanwo-olu will do
Ambode paid all attention to Epe and left Lagos to go sideways

Exactly! The Airport Expressway, the Abule Egba and Ajah flyovers (and the ongoing one at Pen Cinema), the Oshodi Interchange, the Imota Light Industrial Estate, the recently-commissioned Bariga Jetty, the 21 roads and 2 bridges at Alimosho, Ayinke House, the Critical Care Unit at LASUTH, the 114 and 181 inner roads, etc., are all somehow squeezed into (or relocated to) Epe. SMH
>

Bacteriologist:
Freeze is wrong on this one.

• The lady claimed the house belonged to her in a post.

• The owners of the house warned her to take down the post.

• The lady insisted it belonged to her and even showed the plan of the house.

•Owner had to fly in from abroad to come and secure his property.

And you say he shouldn't arrest her?

1. She trespassed by taking pictures of another person's property and posting publicly without consent.

2. She is claiming the property of someone else. And even produced documents to attempt to convince unsuspecting persons.

This is how fraudsters behave.

She deserves the action the owner took on her. She messed with the wrong person.

It’s an overkill...
If doing efizzy for people on Instagram is a crime, the prisons would be overflowing.
>

Nigerian men feeing insecure as usual...

NobleAngell:
There's really no point keeping up the charade, its no longer news that her marriage has hit the rocks. And quite frankly,i am happy for her cos she deserves better.

Totally AGREE!

ZOO!

So they couldn’t just take him to the police (if it’s a crime) or expose him without the crude humiliation/beating?! SMH

Why do some Nigerians think that any and all empty spaces must be turned into a market? Sidewalks? Over Pipelines? SMH
>

First, this is a procurement SCAM whereby every few years govt equipment is virtually given away so that new contracts can be issued..
Nonetheless, in civilized countries, if govt wants to sell used equipment it's advertised and a public AUCTION held where the highest bids win.

celeiyke:
Propaganda at its peak. Is that d rock bottom prices? A propaganda to make EFCC intimidate NASS management against next election. When it was alleged that some persons were buying USD at below N50 and selling at above N400, this paper never reported.
Besides, these prices are fair. How much do they ecpect them to sell d items? Companies even sell cars for N100k.

Here is a succinct example of Nigerians being COMPLICIT in their own rape! Bend over some more bro...
>

Unfortunate headline...
>

MrMcJay:
I would ignore the pejorative intent of the second paragraph, it shows your frustration and shame at having to cook up an argument that you inherently know is unintelligent.

Every right has its limitations and Banker-customer relationships just like Attorney-client relationships are not exceptions. However, the exceptions are stated by the law and not the CBN. The CBN act and the BOFIA doesn't give the CBN the legal right to create this exception. Assuming it was a case of fraud or criminal matter, it's a different thing. But this is a civil matter and I expect you to know better. FYI, I took a 1st-generation bank up on a related matter relating to unauthorised disclosures to a third party and they ended up apologising profusely

There was a time the EFCC towed this same unintelligent line of reasoning by including Law firms in its SCUML exercise, the Supreme Court held otherwise.

Banks can unofficially and surreptitiously blacklist debtors using Credit Bureau and similar platforms but to post this one out, forget it

There is no existing SC judgment on this matter and the day it gets to that level, the CBN and the guys in the banks would be damned to listen opinions like yours.

Btw, in August 2015, ALL Nigerian banks published a list of debtors in national newspapers pursuant to a CBN directive.
>

MrMcJay:
I would ignore the pejorative intent of the second paragraph, it shows your frustration and shame at having to cook up an argument that you inherently know is unintelligent.

Every right has its limitations and Banker-customer relationships just like Attorney-client relationships are not exceptions. However, the exceptions are stated by the law and not the CBN. The CBN act and the BOFIA doesn't give the CBN the legal right to create this exception. Assuming it was a case of fraud or criminal matter, it's a different thing. But this is a civil matter and I expect you to know better. FYI, I took a 1st-generation bank up on a related matter relating to unauthorised disclosures to a third party and they ended up apologising profusely

There was a time the EFCC towed this same unintelligent line of reasoning by including Law firms in its SCUML exercise, the Supreme Court held otherwise.

Banks can unofficially and surreptitiously blacklist debtors using Credit Bureau and similar platforms but to post this one out, forget it

There is no existing SC judgment on this matter and the day it gets to that level, the CBN and the guys in the banks would be damned to listen opinions like yours.

You can personally insult me all you want (I have no interest in joining you in that gutter, because I was raised better)...
But I reaffirm that, while I am not sure of the quality of your legal education (if any), the positions that you take are at odds with extant law.

The CBN Act and BOFIA are NOT the only sources of law affecting the conduct or business of banking in Nigeria. In addition to several other statutory laws (such as CAMA, ISA, NDIC Act, EFCC Act, AMCON Act, Foreign Exchange Act 1995, Financial Reporting Council Act, etc.), common law also applies. So the notion that everything about the regulation of bank must be specified in the BOFIA or CBN Act is legal malpractice. Nonetheless, even BOFIA itself SPECIFICALLY gives the CBN Governor discretionary powers to issue regulations that give effect to the "object and objectives" of the Act (which of course would include the financial viability and well-being of banks).

It is LAW 101 that in general statutes are MACRO in nature, and thus administrative guidelines, rules and regulations are necessary to address MICRO regulatory circumstances. For example, the CBN's guidelines restricting the sale of foreign currency for certain specific imported items (the 41 or 42 items precluded from the official forex window) are NOT specified by the CBN Act, BOFIA or any other statute, but rather through guidelines issued by the CBN attendant to its power to manage exchange rates. Consequently, when legal doctrine and/or precedent (either pursuant to statutory or common law) refers to the "compelled by law" exemption, it by definition includes regulatory directives/circulars.
>

MrMcJay:
Does a directive from the CBN waive off the duty of confidentiality placed on Access by virtue of the banker-customer relationship?

Was it the CBN that placed the duty of confidentiality on banks or it's enshrined in the law?

By the time debtors start suing Access for billions of Naira even more than their outstanding obligations, Access would know better.

Of course, it does...

Not sure where you got your law degree from, but even pupil lawyers are aware that a bank's duty of confidentiality towards its customers is NOT absolute! And one exception to the duty is disclosure required/mandated by extant laws and/or regulations.

The CBN is the primary regulator of banks recognized by law. The CBN grants each bank the license to operate in Nigeria, and part of that licensing mandates banks to act in accordance with the various directives and regulations of the CBN, as issued from time to time.
>

DisGuy:
One theatre in a state of over 18millions people?

Bros, did you actually read the article?

Because it clearly mentions the already-OPENED Lagos Theaters in Igando, Oregun and Badagry.
With one more coming up in Ikorodu, all 5 Divisions of Lagos will be covered. IBILE Loading...Eko Oni Baje!
>

Amuocha:
What happens to National Theatre

That's the federal government's headache - along with National Stadium, National Museum, etc...
LASG has rebuilt the federal govt's Airport Road and is rebuilding Badagry Expressway, in addition to taking over State House Marina! Haba!
>

Peterpanny:
Ambode just day commission anything commissionable.

knightsTempler:
The country should be put on eBay for outright sale, it’s about time and it’s obvious we can not get it right under the this faulty dubious system we currently have.

AngelicBeing:
Hahaha, I said it several times, it should also be placed on Alibaba and Amazon for outright sales to richer western nations

And who will be crazy enough to buy Nigeria?
Frankly, I can only think of the Mafia or Russian Oligarchs!
>

OkoyeA1:
Something is brewing. E b like the bank is going bankrupt.

ajayiopy:
THIS IS SIGN OF A DISTRESS BANK

Only in Nigeria is aggressively pursuing debtors deemed a sign of impending bankruptcy or distress...

Truth is that many Nigerians have cultivated the culture of "borrowing" money (and not just bank loans, but even from family and friends) with NO intention of ever repaying same. It was clear when Access Bank acquired Diamond Bank, it would aggressively pursue the latter's debtors. Sadly, though, even this may not work - because (unlike in our parents' and grandparents' era when a "good" name was as good as capital itself) frankly many Nigerians have NO shame! SMH
>

mrLhanray:
Yes, Name and shame the debtors. I feel no pity for these banks, they won't give loans to avg Nigerians, while they give high profile citizens loans worth billions, which they will be reluctant to pay back. most of those companies owe banks...

Bros, sadly most of us know from personal experience that "average" Nigerians do not repay loans either - and have no shame as well!
>

BUSHHUNTER:
Unprofessional...What happen to privacy?

Did you miss the part that said "in line with the directive from the CBN"?

Abegi go pay up in the next two weeks o (even if it means taking another loan) or you will be dragged on Nairaland.
>

IamD18:
It seems this Eniola Badmus is an emotional manipulator and blackmailer.

I've known fat ladies to be reserved, kindhearted, quiet and peaceful. But her case seems different.

She'll be the first to give a shot and will still be the first to cry for being bodyshamed.

I hate this kind of people.

I know you mean well but that's just silly stereotyping...
I am not fat, but have always presumed full-sized folks to be just as emotionally DIVERSE as everyone else!
>