₦airaland Forum

erniok:
That's why I said restructuring must be justified. It's almost in business cases where you are sure you'll get your money but it'll be delayed.
In the scenario you painted, it's salary advance that will do and any institution giving out salary advance would be assured that terminal benefits would be paid into that account. This is their cover. In case it's not assured, you can be given waivers to some certain percentage.Note default interest is normally stopped on such accounts pending recovery.
What the loan companies do is pure robbery, almost 300% p.a. and I have no atom of pity for them. They deserve everything they get.
On the issue of default rate, in a structured society like theirs, it's possible. What due process does the lain apps conduct before giving out a facility? None. Just download the app and get it. No questions asked so why won't they have high default rate. Why is it lower for money banks and not for them.

Jaqenhghar:
You honestly believe these loan apps are licensed companies? These are loan sharks trying to put up one corporate front

erniok:
There's no way restructuring will lead to a date where losses far outweighs the profits if restructuring is justified and the idea it to let the loan stop running at default interest rate while giving the debtor is given extended tenor to repay.

erniok:
I understand. We're on the same page. Note bankruptcy is different from defaulting on repayment of a facility. People default for several reasons and the least there's companies can do is restructuring those facilities.

erniok:
That you defaulted doesn't make you a fraudster. Get it. That's why banks restructure loans that are past overdue.

erniok:
How does defaulting make one fraudulently, so USA that has defaulted severally is fraudulent or some businessmen that are months overdue are fraudulent too?

Numerouno94:
I'lld prefer Osinbajo for president. Don't u tink Osinbajo stands a better chance? cos I blif his a man luvd by most Nigerians compared to a Tinubu who is only luvd in the west. We saw Osinbanjo's impact wen he was the acting president. I don't see a candidate at the moment that can withstand Osinbajo if he decides to contest 2day, I might b wrong though.

fombi:
Osibanjo is a better alternative. Nigerians won't mind if the candidate is credible and will be effective. Tinubu will not be effective and he's not credible. His hands are stained with lekki shooting, very corrupt, won't follow rule of law, insensitive and will spend more time in UK hospital than Buhari did, he'll turn the position into a family business and assign agberos into important positions. The man stinks of negativity.

Lindodo20:
Renew your mind dude. We don't need any old man like Tinubu your mentor, Nigeria has out-grown godfahers

shiwex:
Your father....which Yoruba people want Tinubu? You must be day dreaming. For the sake of our childrens children, we must vote against the old corrupt unhealthy fool.

Numerouno94:
U guys should stop this "only Igbos hating on Tinubu". Most Nigerians including Yorubas re not happy wit Tinubu especially haven packaged the disaster in Aso Rock for us. It's already obvious that only the Yoruba Muslims re clamouring for Tinubu cos of religious sentiment.

dchamp234:
The media and government agencies like the EFCC and NPF and others has really paint this great country black in the eyes of the world and Nigerians no longer enjoy equal opportunities like their counterparts in other parts of the world.
Being a Nigerian is a disgrace both home and abroad.

EMIRofPUSSY:



As a father, make sure you expose your wards to discipline, orderliness and education at a young age so that they won't end up like Vulture Griller.

olugabbie:
Iran is not going to kill Trump. One of thier best senior military officers was killed for no reason. So they are not about it.

If you telling the US to use Nuke on Iran, then may be the Russians should use Nukes on Ukraine & China shd do the same with Taiwan too.

My point is even if Trump is assassinated. There are other means the US can use to deal with Iran. Nuclear weapon is not an option. It will only be used, if they are ready to destroy the world.

Godmademan:
America should be worried by this statement. He has not said Iran will respond he said Muslim Nation. The USA has quite a number of Muslims as citizen. It could be their own citizen who executes the Revenge. Trump by this statement may not be safe outside American soil too. These guys surely have something cooking up their sleeves

Godmademan:
America should be worried by this statement. He has not said Iran will respond he said Muslim Nation. The USA has quite a number of Muslims as citizen. It could be their own citizen who executes the Revenge. Trump by this statement may not be safe outside American soil too. These guys surely have something cooking up their sleeves

dasparrow:
Nigerian bred men have carried their rape culture to America. It is not enough that they rape women and children all the time in Nigeria. Now, they have taken their demons to America. I think western nations need to enact a law that will make it illegal for African men especially Nigerian men from taking care of the elderly, the disabled or children because most Nigerian bred men are predisposed to being rapists. The Nigerian culture glorifies rape and most Nigerians are rape apologists. I'm just saying.

puzzlegate:
It's here you got it wrong, rejoicing with Muslim that what happened ?

Jnjoku883:
Yes, I agree with him that u guys dont regard him. You dont love him as I think. I have been on this stage and i really know wat I need. No one in this world who doesnt need help even u or your brother. Have that mindset. I guess your brother has temper. Your father no do well at all. Y will ur father shift his attention to his daughters? Parents nowadays are fond of not giving equal love to all their chidren. Be close to all or be close to none. He feels cheated by his way of thinking. My spirit is telling me that u dont love him.
The way he spoke to ur sister is because of anger. Your brother dont have problem with you my dear. He has problem with his parents(father). Wat he needs is attention and contributions to the family if he is asked. Joining yahoo yahoo is because of lack of love from parent. Let him be given his right as the man of the house. Concern him with wat is his. If your sister is sending money, she should send his own to him. He is qualified ro recieve money. No matter what, if his take is 50k, let his abroad sister send 50k to him direct. To every only son, there is a unique right for them in the family. Give it to him. If he derail his own share, his eyes will open and reason with u.

Your brother really needs you guyz including ur parent attention and help. Know him and encourage him. See reason to what he say.

obanioluorun:
Buhari and his Men too small to take the whole Nigerians for granted and hostage, they should not allow people to choose Death to life, southern will go to war if the same stupidity and idiotic continue.