₦airaland Forum

3rdeyeNigeria:
Even though they can't pay it,
Defaming innoson with fraud allegations was stupid, jumping from court to court with zero intention to obey the Court judgement was foolishness

Getting disposes of their banking facility via court order corporate suicide.

Lying to share holder and customer everything is OK but it is not is fraud on it's own.

Lastly, as a bank using muscle and hooliganism against court judgement is madness

The best would had been to humbly settle this case out of court... And spread the payment over a long period of time but I guess its too late now.

That's not even a legal remedy available in this case...
The bank is NOT in any danger of losing its license, and obviously can immediately pay off the entire amount.

Meanwhile, how exactly is pursuing legal remedies in a court of law supposedly "muscle and hooliganism"?
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Mustsucceed:
If you follow up on the case ,the amount in question no be small matter .They just can't pay it

Incorrect. This is chicken change really...
Given that GTB paid interim dividends of N8.8 billion last August, and its full year gross profits for 2018 was N215 billion.
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ThothHermes:
True knowledge is to know the extent of ones own ignorance -- A wise man

“You could claim that anything's real if the only basis for believing in it is that nobody's proved it doesn't exist!” - A wiser woman.
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iswallker:
Many marriages are fraud anyway..even those not seeking green cards..

Nigeria is not a poor country, that's the point. Our politicians are some of the highest paid in the world. Then they plunge is into dept, ruin the education system, kill industry - the list is endless. The purge and change must start from them. Then the masses will sit tight.

You can't provide security for pen thieves and stand on the highway to harass people that fit a profile. It's a country drifting. I tell you.

Of course, Nigeria is a POOR country...

Nigeria has great potential as a country, but it is a poor country. For example, using the measure of oil receipts, if we shared every penny that came into our public treasury from oil sales among all Nigerians, it would amount to less than 30cents per day for each Nigerian. For better perspective, a truly oil-rich country like Kuwait sells almost 3 millions barrels of oil per day for a population of 1 million Kuwaitis while Nigeria sells about 2.1 million barrels for a population of almost 200 million. Unfortunately, because of our oil windfall (I call it a windfall because we neither control most of our production nor the pricing), most Nigerians no longer grasp the nexus between productivity and wealth. Nigeria can certainly do much better than it is presently doing, but folks have to get out of this misguided mindset that Nigeria is a rich country and the only problem lies with the distribution of wealth, and instead grasp the enormity of the work we ALL have to do and roll up our sleeves.
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trapQ:
Who told you defrauding women to get green card is legal. It is not legal.

Infact there's a new law in America that allows women (and men) to report marital fraud and if found guilty their partner can have his green card cancelled, deported and banned.

While a fraudulent marriage is illegal (that is, where the marriage itself is a fraud perpetrated by both parties)...
Defrauding an unsuspecting person into marriage is not illegal (albeit there’s now an administrative presumption of fraud if it ends quickly).
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olalat:
ogbeni, what do you stand to achieve from the rubbish you been writing up there. What's the difference between northeast initiative and nddc? What have south south govt done with the allocations to the commission. What of 13%. Just be happy for good things for once pls.

Did you read the last paragraph? Or were you just blinded by petty partisanship...

Nonetheless, the PCNI is NOTHING like the NDDC. The North East equivalent of the NDDC is the newly-inaugurated North East Development Commission, so let’s give it a few years. Meanwhile, the only substantive difference between Gov Shettima and his thieving South-South brother-Governors in respect of these buildings is that Mr. Shettima did NOT have any control or discretion over the funds utilized (and thus could not have misused/misappropriated same) but was merely the recipient of FINISHED projects. It would therefore be akin to an oil company simply handing over a completed CSR project to a South-South government. Conversely, the many projects that Mr. Shettima’s state government controls rank from mediocre to the abject, with subpar outcomes in social and physical infrastructure across the state.

Anyway, I am not in the business of making the same sort of “my crap is better than your crap” comparisons that you seem to indulge in, but just for FACTUAL rectitude let me reiterate that Borno State was 33rd in HDI out of the 36 states in 2018 - well behind the South-South states, despite the criminal underachievement of thieving South-South Governors. Rather bemused at what a few new buildings apparently does to the gullible Nigerian psyche. Meanwhile (given that in the most educationally-advanced state in the North, Kaduna, thousands of teachers couldn’t even pass basic Primary Four tests), the quality of the teaching (the most crucial aspect of education) remains at best uncertain and at worst abysmal based on pre-existing evidence. Ogbeni, my standards and expectations for governance are much higher.
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tillaman:
Chai, were it not for Boko haram ehn, the state governor is still working and even with the whole boko haram menace see structures! Borno state is famed for concurrent boko haram attack and yet they are building these amazing infrastructures!
E weak me sha

lanrock:
Nice job frm Gov. Shettima

ibro1010:
I bet you most governor's in some states will embezzled the money and claim development can't take place due to insecurity.
Thumbs up to the Governor of Borno State..

contigiency:
I wonder why a governor like this man was not given chance from 1999 to govern borno state. May be if that had happened, we could not have had boko haram.

Nyamiri:
See the mind of school Borno is building and see the kinds of schools in the SS.

God would specially punish those who have ruled Delta and Bayelsa states.

I really hate to be that person...
But it's important that Nigerians do not get sold down the proverbial river for mere trinkets, like some of our forefathers.

These schools/clinics were NOT built by Gov Shettima (who flies to Abuja on private jets at every opening of an envelope as Chair of the self-masturbatory Governors' Forum), but by the Presidential Committee on the North East Initiative (hence the commissioning by the Vice-President) and international donors. Borno State is one of the most undeveloped and underdeveloped states in Nigeria (the Boko Haram insurgency notwithstanding), ranking 33rd among all Nigerian states on the Human Development Index (see the UNDP's Nigerian National Human Development Report for 2018), with disgracefully low outcomes in education and health, among others. So, let's please judge our politicians on more substantive governance indices than simply showing up to cut ribbons on projects executed by others.

Anyway, I am a big believer in, and champion of, education. Therefore, I duly acknowledge this to be a good BEGINNING - but now let's hope that the quality of teaching and instruction inside these building matches (even surpasses) the quality of the structures and paint job outside!
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ibro1010:
I bet you most governor's in some states will embezzled the money and claim development can't take place due to insecurity.
Thumbs up to the Governor of Borno State..

Gov Shettima cannot embezzle money that he does not control...
These schools are built by international donors and the Presidential Initiative. The rest of the state remains mostly undeveloped.
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kenny714433:
:-
See as Borno state don dey get fine fine schools. Without war there'll be no peace and development. But the time of war is always hard though.

But war is the sole reason they ended up with such "fine" schools...
Because these schools were built with funds from international donors and the Presidential Committee on Northeast Initiative.

Hopefully, the quality of teaching and instruction will match the "fineness" of these schools.
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muykem:
Though I am a fan of NA but I am not seeing anything wrong with this guideline except there is other things. They want only incorporated media houses and evidence of complying with tax dues so what is the problem here.

Have you ever heard of free-lance journalism?

GOOD move!
A journey of a thousand miles starts with one step.

Nkemtreasure:
Unimplimentable law. Waste of legislative time

Maybe not immediately...
But it nonetheless sets an agenda!
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"Charms" in the 21st century...
We Africans still have a LONG road to travel towards civilization. SMH
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mikeapollo:
My brother, we need to act sensibly in Nigeria. I just came in fron Ghana and everywhere in their airport was bright with electricity.
We got to the passenger pick up/drop off point at MMIA airport in Lagos and everywhere was in darknessw with many foreigners standing and no seats provided. This was about 9.50pm at night.

The other day there was outage at Manchester Airport, with many families/kids forced to sleep on the floor (not saying it's a regular thing)...
Point is not that we do not have problems in Nigeria, but that the negative hyperbole with which we greet even minor setbacks is unparalleled.

Check out ANY thread or news story about something good in Nigeria, and see how many negative/skeptic comments following thereafter.
And if the Good Lord forbid that any foreigner says "I will like to visit Nigeria someday", check out the NEGATIVE blow-back from NIGERIANS!

Introspection and self-criticism is good but not reflexively mindless bashing...
As the sage saying goes: "If you call your mother a prostitute, do not be surprised if folks regard you as a BASTARD!"
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iswallker:
Using women or men to get green card is legal..

You apply for permanent residence by marriage..

The elite and politicians ruined this country..they are tjr disease..the symptoms are the items you mentioned up there.

Defrauding women to get a green card may be technically "legal" but it still gets you a bad reputation...

Abegi, quit making EXCUSES! Nigeria is not the only country "ruined" by politicians, but NIGERIANS (not Nigeria) have some the WORST reputations. Travel around this continent and see people in countries poorer than Nigeria conducting themselves with honesty and integrity.

Meanwhile, politicians and the so-called "elite" did not fall from the sky. They are Nigerians and are largely reflective of the general population. In fact, many of them started off dirt poor - which is why we now have a likely billionaire ex-President who claims to have grown up not being able to afford shoes for school, and another who was so poor that he apparently could not continue with school and joined the military instead.

Frankly, the primary difference between the Nigerian "masses" and the so-called elite is OPPORTUNITY. That's why you have an Adams Oshiomole (Mr. Aluta Continua himself) getting into Govt House and coming out with a reported N200 million personal mansion and pension-for-life, in a state where civil servants, teachers, and pensioners often go for months without payment.

But let keep making excuses instead of looking ourselves in the mirror, engaging in some truly tough and difficult introspection, and telling ourselves some bitter TRUTHS! We have blamed slavery, colonialism, military rule, PDP, APC, but eventually we will run out of scapegoats!
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olas24u:
A good government will make the country have a good name. ghanians have criminals but good reputation,Chinese have criminals but good reputation,India has criminals but good reputation.The amount of crimes committed in South America ,is the same crime committed in 5 years in nigeria.good government,good people,good reputation and acceptance.

It's not government that's defrauding people all over the world, smuggling and selling drugs, engaging in prostitution, identity theft, credit card and benefits/welfare fraud, or defrauding women to get green card and/or permanent residency, etc., etc. The reality is that the condition and reputation of Nigeria is ultimately the culmination of the individual actions (by commission or omission, good and/or bad) of ALL Nigerians. Folks need to quit looking for EXCUSES!
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Smartgunna:
Its strategic.....his media team is doing a yeoman's job. Apart from the court of law, he also has to win over public opinion and how else can he best do that than show he is a responsible family man and not an irresponsible yahoo boy?

Exactly! It's a PR drive to "humanize" him and gain public sympathy...
Of course, he is PRESUMED INNOCENT, but if the allegations are true he may have well harmed other people's children. Hope it all works out.
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Alexrayz:
Really but if it Nigeria all of una go dey bad mouth and we say we don't know our problem in this country

yrex01:
See d way twitter Ghanaians will handle it with maturity, but if na us, na to dey swear up n down !! Our swears affecting d nation progress cef

Thank you jare...

I remember saying here on NL recently that the one striking difference between Ghanaians and 'Nigerians' is that Ghanaians do not use ANY and ALL opportunity to de-market their country. Reaffirming yet again that Nigerians are the WORST (and best) thing to happen to Nigeria! SMH
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Stanbaba30:
I am very certain its a Nigerian that put this story here. Is ours any better? let's learn to appreciate projects that are better than ours o járé..! Floods occur anywhere so don't paint any country bad because of it.

Abegi quit self-hating...

What kind of inferiority complex causes someone to sit in front of their device and conclude that it was a Nigerian who put up the video (as if Ghanaians are genetically incapable of self-criticism and/or introspection), and then proceeding to bash Nigerians and Nigeria - based on what happened in Ghana caused by Ghanaians (or whoever built that airport). SMDH
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So we now have a Nigerian successor to Robin Hood’s antagonist...

Congrats to her...
But if it happened here (even if she was born and raised here), NLers will ask why ‘foreigners’ are taking over Nigeria.
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ehissi:
We ran the british model and found it too weak and vulnerable.

Low level of security, almost every Major figure in that system whines up dead if a few handful of people are disgruntled...

Not so in this model

That’s NOT the point...
Point is that the problem/expense has less to do with “model” than with Nigerian politicians.
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Kinikini:
This democratic model is too expensive and becoming more expensive and unstainable. This precedence will lead to more money being spent on legislative campaigns and the public coffers will further be pillaged. The NASS needs a serious prunning down.

This has NOTHING to do with democracy...
The British (for example) run a democratic model and don’t spend half what these guys do. SMH
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Wasting all this money just to get a position...
Either this is just dumb or an investment to be returned with interest. Either way, I weep for this country!
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omohayek:
What you call "bad belle" is simply speaking the truth. You seem to forget that it was Bill Gates, the founder of this very same Microsoft, who lambasted this Buhari government for failing so badly at investing in human capital. In truth, if Nigeria had a serious government, this sort of "news" wouldn't even be worth noticing - a few hundred jobs in Lagos is nothing, in a country with nearly 200 million people, most of whom are young and in their prime for work.

These are not gatemen sitting around eating boli and groundnuts (with all due respect to gatemen), but CATALYST-type jobs...

These sorts of jobs increase capacity and support/expand/lead to other jobs (not to mention the housing and services these professionals can now afford and therefore create/support jobs in those sectors), and facilitate productivity generally. That’s how you build an economy.
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confistified:
I actually thought it was Cisco the singer that year when I first read the headline

That’s Sisco!
And I am somewhat sad to know the difference.

lawnreigh:
Having the presence of this I.T giants here is a big and welcome development, hope the government will give them enabling environment to thrive, microsoft team are also in Nigeria as we talk. We need more of this Multi National firms in every sector of our economy. Not all this Chinese, Indian, Lebanese nonsense exploiting us forming foreign investor.

Bros, I was with you until I got to the final line...
All foreign investors (irrespective of nationality) come for what they can get, and what you get is incidental to their interest.

Meanwhile, feel free to look in the mirror....
Because if Nigerians invested/stayed in their own country, you would not need Chinese, Indian or Lebanese investors. SMH
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ChimuchiYola:
Haba..... Please someone should explain all this in a layman's simple English ..

Break it down for me in Black and white .... Abeg I no sabi book

Listing by introduction means that no new shares are created (as would be the case for an IPO), but rather only existing shares already held by existing shareholders are made available for sale.

In Plain English, therefore, the basic issue with the MTN listing is that the stock is so attractive that there are many more interested buyers than interested sellers (think of the typical Lagos bus stop on a rainy day or during fuel scarcity). So buyers are crowding on the sidelines looking to buy MTN shares but existing shareholders do not necessarily want to sell, and therefore not enough shares are coming into the market for purchase (using the bus stop analogy, many commuters are piling up at the bus stop but very few buses are coming by). Furthermore, the few shares being traded are allegedly only through a handful of (“favored”) brokers.

The result is that two sets of market stakeholders (potential buyers and brokers) are unhappy and are complaining to the Stock Exchange.
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disunriches:
The stock is not even available to buy, non of the MTN Nigeria shareholders are selling.So for me the listing is fake, it’s just a way to deceive the federal government and the general public that the company is going public and I believe the few units that they are selling is just to the big politicians.

They already got a loan so no hope for public offering in near future too.

I will soon ask my stock broker to return my money because I can’t believe you listed over 20 billion ordinary share and only 49 deals were done in two days.

The stock market in Nigeria has always been controlled by the cabals coz they no when to buy and when to sell.

That’s the kuku of the matter...
The stock is so attractive that many want to buy yet no-one wants to sell, and many stockbrokers are missing out on commissions.
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GROUPIE!

RIP bro...

But which kin regular person has CCTV inside his apartment?

tstx:
I heard His father landers money through him

Does that make you feel better about yourself? SMH

RIP kids..

Yet again, Nigerians are the worst thing to happen to Nigeria...
If traffic police had tried to stop/arrest this driver for using his phone, Nigerians will protest and say their looking for bribes.