₦airaland Forum

None of Ibori's or Odili's account is fozen! lol

You took the right decision and handled the situation well. Ignore her for while and see what she is up to.

Nice job here

[quote author=Sunny_bobo link=topic=313401.msg4401623#msg4401623 date=1250953063]I got involved with a CIA (Cash Investing Agent) and we did a couple of GMTs (Good Money Transfers) but he later turned out to be a CID (Cop in Disguise). I was under surveillance and I did not even know. I left the NHS (Nigerian Housing Scheme) early that morning with about 12 different cheque books to go and do my business. They followed me onto the high road and it was then it hit me that something was wrong. I could not leave all that evidence in my car so I started chewing my cheque books. I ate 8 before they pulled me over. They read me my rights and all that crap and all I could say was "OGA, water please!"


[/quote]lwkmd this one dey crack my ribs>

sara j:
@ Mohawkchick, Maedan, chic2pimp

OMG!!!
I thought us 4 were the only ones' on this forum that watches BBUK
Where the hell did all these people come from??
.

Did u create the thread to count the number of people that watch BB? May be all BB fans should be searching NL for a thread about BB so that they can post ?

Now this is a real jokes thread. More please!

Mikeansy a sanusi worshipper . . . not.

Bialegend you are getting something wrong here. If you said he/she is a Soludo's foot soldier, I would have agreed with you.

I watched the BBBM and I was happy she got that treatment.

Silly bully.

Bank debtors panic - Bank chiefs relocate families abroad -Buy $1 million mansion in Canada -As Afribank recovers N3bn -CBN promises to release more names -Seeks foreign, local investors for troubled banks
From Odidison Omankhanlen, Gbola Subair and Lanre Oyetade, with Agency Report-
Friday, August 21, 2009

THREATS by the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) to deal decisively with bank debtors have begun to yield dividends as some of the debtors are rushing to pay up.


This is just as some bank chiefs had anticipated the whirlwind blowing through the banking sector now and relocated their families abroad.

Some of the bank officials, who knew that the bubble would soon burst, started relocating their families to Canada since 2008, using the opportunity of the country’s federal skilled worker/business class programme which gave them the opportunity to secure Canada permanent residency.

Notable among them are two officers of Intercontinental Bank, whose families currently reside in Richmond Hill, one of the most expensive areas of Toronto, where the said officials recently bought houses worth $1,000,000 and luxury cars for their wives.

The wife of one of the bank officials, who hails from the Eastern part of Nigeria, is a very popular member of Christ Embassy Church in Toronto and drives around town in a brand new Toyota Sequia Jeep worth $100,000.

However, as the news of the sack of CEOs of five banks and imminent EFCC’s involvement in the matter became known, families of the bankers have withdrawn from all public activities in the North American country and resorted to spiritual help from some clergymen to protect their spouses who are officials of some of the affected banks.

Meanwhile, some Nigerians abroad who have money and investments in some of the affected banks have started to return home to recover their assets while urging the CBN to make good use of the EFCC to recover the bank’s bad debts. They commended the new CBN boss for taking prompt action to save the banking sector from collapse.

In another development, Nigerian Tribune investigations in the affected banks revealed that, in spite of several denials and disputations, the debtors have begun to pay up with some others making frantic enquiries with the respective banks, with a view to paying back their owed debts.

Briefing newsmen in Lagos, on Thursday, the new acting Group Managing Director and Chief Executive Officer of Afribank, Mr. Nebolisa Arah, stated that a few hours after the CBN made the debtors’ list public, one of the debtors paid N1 billion, adding that two of the debtors had also promised to pay N2 billion and N100 million respectively before the close of the day’s work.

According to Arah, the debtors would have no hiding place, as all efforts would be made to recover debts owed the banks, adding that the banks, regulators and relevant security agencies had the mandate to recover the debts.

A source in Union Bank, who pleaded anonymity, told the Nigerian Tribune that many debtors also made enquires with a view to paying their debts, stressing, however, that none of the corporate debtors had come forward.

Meanwhile, the Chairman, Economic and Financial Crimes Commission (EFCC), Mrs. Farida Waziri, told newsmen, on Thursday, that the anti-graft agency decided to get tough with the debtors, because of the urgent need to salvage the financial sector from total collapse and restore discipline to it.

The EFCC boss said the opportunity of repayment of the loans within seven days was to enable the borrowers to either pay through bank drafts or cheques in the name of the Federal Government.

She warned that it was in the interest of the debtors to comply with the directive rather than wait for arrest and prosecution.

“I will advise the debtors whose names had already been published by the Central Bank of Nigeriia to take advantage of this ultimatum by issuing their cheques and drafts in the name of EFCC for proper and coordinated recovery after which we restitute by returning the funds to the appropriate banks,” Waziri said.

A breakdown of the loans, which are classified as non-performing, is as follows: Oceanic Bank Plc, N278.204 billion or 37 per cent; Intercontinental Bank Plc, N210 .903 billion or 28 per cent; Afribank Nigeria Plc, N141.856 billion or 19 per cent; Union Bank of Nigeria Plc, N73.582 billion or 9.8 per cent; and FinBank Plc, N42.445 billion or 5.6 per cent.

But the CBN has said that it will soon come out with the list of chronic bank debtors.

The apex bank, in a press statement issued by its Corporate Affairs Unit, stated that Nigerians and the world at large should expect the release of more names of debtors.

According to the statement, the names of bank debtors/loan defaulters were being compiled and would be published on a regular basis.

On the furore generated by the release of the names of the first batch of debtors, the CBN told debtors/ loan defaulters disputing the quantum of debt listed against them to approach their respective banks to reconcile their books.

The CBN, which said the amounts listed against their names were as of 31 May, 2009, said if any of the defaulters/debtors had made any payment after this date, they should sort it out with the relevant banks.

It will be recalled that the apex bank, on Tuesday, released names of prominent Nigerians, which, it said, were indebted to five banks, to the tune of N747 billion.

On the list were firms in which billionaires, Aliko Dangote and Femi Otedola, were said to have substantial interests, Transnational Corporation of Nigeria, whose chairman is the Director-General of the Nigerian Stock Exchange, Professor Ndi Okereke-Onyiuke, among many others, mentioned.

It also noted that there were some typographical errors regarding the titles of some government officials and some companies, commenting, For instance, that the title “Accountant General” under Intercontinental Bank Plc list, should have read “Accountant General of Zamfara State,” while the name “Delta State Government,” under the Oceanic Bank list, should read “Delta Steel Company.”

A statement signed by the CBN spokesman, Alhaji M. M. Abdullahi, and made available to the Nigerian Tribune added that the bank regretted any embarrassment caused as a result of the typos.

Meanwhile, Nigeria will ask local and foreign banks and investors to bid for the ownership of five banks whose chief executive officers were fired after a Central Bank audit found the institutions had been mismanaged, its governor said.

Once the bank has finished its audit of 21 of the banks, expected by mid-September, it will “[b]invite expressions of interest” from private-sector operators “as quickly as possible,” Governor Lamido Sanusi said in an interview at the sidelines of a conference in the Democratic Republic of Congo’s capital, Kinshasa.
[/b]
Sanusi fired the CEOs of Afribank Nigeria Plc, Intercontinental Bank Plc, Oceanic Bank International Plc, Union Bank Nigeria Plc and Finbank Plc last Friday after a Central Bank audit found the lenders were in a “grave situation” and their management had acted in a manner “detrimental to the interests.

http://odili.net/news/source/2009/aug/21/606.html
This publication from tribune gives credence to the allegation below. I have said it somewhere that a written script may be behind this Sanusi drama. I think it is not far from the truth.

sleekymag:
Is the current tsunami in the Nigerian Banking Industry a staged script? If so, the scriptwriters already know how the story will end, unless there are new twists to the story and the plot thickens. What do you NLanders think?

Here's a news article from the Vanguard Newspaper published in March 2009, a few months before Sanusi became CBN Governor.

Nigeria: Group Plots Takeover of Five Top Banks


Omoh Gabriel and Emeka Mamah

23 March 2009

ANTI-CONSOLIDATION forces have regrouped with the hope of dismantling the structures and forcing a takeover of the top five banks in the country, Vanguard can now reveal.

The grand plan by the group is to cause panic and uncertainty in the industry and make the target banks look unsafe for depositors.

Meantime, indications emerged yesterday that the Federal Government may announce the names of a new Governor of the Central Bank (CBN) and the Auditor-General of the Federation (AGF) in April just a few weeks before the tenure of the incumbents run out.

However, the Arewa Consultative Forum (ACF) has expressed concern over what it described as the rapidly deteriorating liquidity situation in the banking industry and tasked the Central Bank (CBN) to make public information on causes of the development as well as the scale of the crisis.

Vanguard investigations revealed that the aim of the anti-consolidation forces is to cause loss of public confidence in the banking industry and compel the Federal Government to move in by injecting funds. Further, they ultimately plan to instigate government to take equity holdings in the targeted banks.

Vanguard gathered that the group at work is made up of former bank owners who lost out during the consolidation exercise, a powerful clique in the present government, and some aggrieved persons in three of the six geopolitical zones in the country who felt left out in the consolidation exercise.

Presidency sources disclosed that those who felt left out in the consolidation exercise are up in arms to recoup what they felt they lost during Obasanjo years.

Part of the plans hatched by the group is to ensure that the incumbent Governor of the Central Bank, Professor Chukwuma Soludo, does not get a second term. The plan is also to ensure that whatever gains consolidation recorded are discredited. This, it was learnt, was meant to force the President to act quickly in the matter of appointment of a successor to Soludo as they anticipate that the president's slow move may scuttle their dreams and cause the renewal of Soludo's re-appointment for a second term.

The group's second game plan is to make Nigerian banks look unsafe in the eye of the banking public. Part of the game is to spread rumours that some banks are unsound and are on the verge of collapse. They send out text messages to individuals and account holders passing wrong information on their target banks. At the moment, the group's target is one of the high-flying new generation banks where they have sent out several messages.

New CBN Gov, Auditor-General to emerge April

The tenure of the CBN Governor, Professor Chukwuma Soludo and Auditor-General of the Federation, Mr. O. R. Ejenavi from Delta State will lapse in May 2009.

Naming nominees for the top jobs, according to a presidency source, will afford the Senate ample opportunity to work on them before they assume office.

While Soludo will complete his first term in office as CBN governor by May 29, Ejenavi will be due for retirement on age grounds on May 18.

However, among those being considered for the position of CBN governor include the Minister of National Planning, Dr Shamsuddeen Usman from Kano, who was a former Finance minister and deputy governor at the apex bank; another former CBN deputy governor, Obadiah Mailafia from Nassarawa, Mallam Isa Hayatudeen from Borno, a former managing director of FSB International Bank, incumbent Managing Director of First Bank, Mallam Sanusi Lamido Sanusi, also from Kano, and Mallam Falalu Bello from Kaduna, Managing Director, Unity Bank.

But the most touted name so far is that of Mallam Isa Yuguda, the Bauchi State governor who won election on the platform of the All Nigeria peoples Party, ANPP, but defected to the ruling PDP last week. Yuguda is also an in-law of President Umaru Yar'Adua. Yuguda was also a former Managing Director of Inland Bank, a legacy bank in post-consolidation FinBank.

Past CBN governors include late Dr. Clement Isong (Akwa-Ibom), Alhaji Adamu Ciroma (Yobe); Mr. Ola Vincent (Lagos), late Alhaji Abdulkadir Ahmed (Bauchi); Mr. Paul Ogwuma (Abia), Dr. Joseph Sanusi (Ondo) and the current Professor Charles Soludo (Anambra).

It was also gathered that strict obedience to civil service rules will be observed in the appointment of a new Auditor General for the Federation going by the constitutional provision.

Section 86 Subsection 1 of the 1999 constitution states: "the Auditor-General for the Federation shall be appointed by the President on the recommendation of the Federal Civil Service Commission, subject to the confirmation of the Senate." That of the CBN may be determined by other factors, mostly political considerations which are at the pleasure of the President without recourse to the commission.

The most senior director in the office of the Auditor-General currently is Mr. Ogunsina G.F from Ekiti State who may be appointed unless there is political maneuvering. Having been a director since 2004, it may not be smooth sailing for Ogunsina because, there is another senior civil servant Mr. Osonuga T. A. from Ogun State who was promoted a director in 2007 and is being propelled by other forces to occupy the office.

It's unfortunate top 5 banks are targeted, says official

A CBN official who spoke on condition of anonymity said that it is unfortunate that top five banks are the target. The banks, he said, are sound. The CBN had mistaken in the past the ongoing move as de-marketing by competitors in the banking industry, saying it is unhealthy competition.

The group is using this means to make depositors panic and undertake massive withdrawal of funds from the targeted banks in an attempt to cause liquidity problem in the bank. In that state they hope to cause a take over by the government which may buy a stake in the bank and later sell to members of the privileged group who may be appointed in the interim into the board of the banks.

Arewa worries over liquidity problem

However, the Arewa Consultative Forum (ACF) expressed concern over what it described as the rapidly deteriorating liquidity situation in the banking industry and tasked the Central Bank (CBN) to inform the people the cause of the development as well as the scale of the crisis.

ACF said that the commercial banks must have obviously lent too much money to people who either invested them in buying stocks or in the importation of petroleum products in the country, but are unable to repay such loans.

A statement signed by the National Publicity Secretary of the Forum, Mr. Anthony Sani however blamed the CBN for enquiring "into the volume of the so-called toxic assets of the commercial banks while refusing to tell Nigerians how or why in the first place, the banks found themselves in trouble.

The statement reads "The Working Committee of the National Executive Council of the Arewa Consultative

Forum (ACF) held its meeting at its national headquarters in Kaduna on Tuesday, the 17th of March 2009. In attendance were all National officers of the ACF drawn from the 19 northern states and the Federal Capital Territory (FCT). General IBM Haruna, the Chairman presided.

"Among other things, the meeting reviewed and discussed a number of issues and other troubling developments in the country. At the end, it resolved to issue the following statement.

"The ACF deliberated on the rapidly deteriorating liquidity situation in the banking industry and observed that Nigerians are feeling increasingly frustrated by the failure of the Central Bank of Nigeria (CBN) to disclose the true the true nature and the scale of the crisis.

"Even members of the National Assembly, despite their best efforts, have been unable to get to the truth of the matter.

According to Arewa consultative forum "All that seem obvious is that our commercial banks had lent out too much money to too many people who had invested them in stocks or petroleum importation but who are now unable to pay back. Beyond that, the public has no clear idea as how or why the loans were given and on what terms."

Bea,
Beatch
I am happy she is gone!

If there is no uprising, Kano is s nice place to live in. Just make sure you live within Sabon Gari.

The only problem will be if your office is located away from sabon gari.

Be careful on Fridays because the riots start from the mosques. I served in Kano and nothing happened within that year but the following year there was a bloodshed.

Good luck!

It was never secret that Soludo was the board chairman of AFC before the so called probe.

[quote author=~Borat~ link=topic=312623.msg4392318#msg4392318 date=1250813312]Very soon he'd be crying to the FBI[/quote]I hope not!

MUZBO:
High RBCs would give him endurance with long distance races not sprints! His advantage in sprints is powerful muscles, longer legs/strides, and whatever techniques to reduce wind drag.

And you think that the rate of oxygen supply does not influence the work rate of the powerful muscle?

The science of duping is going nuclear. It was reported that most of the guys that won Olympic medals in the 70s and 80s were doping but were not detected because they go one step ahead of the detection technique available in their time. Recent retesting of the frozen samples were positive for banned substances. Gene doping comes in min here

Usain is spectacular. I just hope he is totally genuine because I love his speed and I am fan!

[quote author=~Sauron~ link=topic=312623.msg4391931#msg4391931 date=1250803948]He is not into any kinda drugs. . . . .
I meant his blood system is naturally blessed with more RBC(Red Blood Cells) than what humans require.
The RBC gives him an avalanche of supply of oxygen to power his legs for a longer distance than his counterparts.
He is abnormal.[/quote]We are talking about the same thing, just that I am being more specific.

People should not forget his height and the kind of rigorous training they undergo in Jamaican.

After his Beijing exploit, he was tested 18 times and he was negative

touchmeder:
Has he been tested and found clean. The speed at which he does it is just unbelievable!

[quote author=~Sauron~ link=topic=312623.msg4391693#msg4391693 date=1250800489]He has excess RBC in his blood.
Bolt is not normal. [/quote]erythropoetin?

There is a new kind of doping, the gene doping method which kills after a short time. I gene responsible for the production of erythropoetin is inserted into the individual and it produces the substance naturally. The recipients can die of cancer of the blood etc

Usain is not on that anyway. Up Usain! UP USAINAL

Anyone who thinks they are down and out must have come out from an Indian hemp joint.
I am only happy that it was burnley again. As per the season, Fergie will ban even sex to get them all to wake up.Let the games begin. Gunners for life!

Ihe a bu ekpere youngies?

Anu nchi

chic2pimp:
they were absolutely diabolical

I am sure not one of the players was from India!

Some people have been saying that Arsenal normally start well at the begining of the season but i beg to disagree a bit. Last season was a nightmare from the begining. We struggled to beat Westbrom 1-0 at emirates. Then we lost to Fulham away. Aft 2 wins we lost to hull.

Who says Arsenal start well?
2007/2008 we lost the first game to Fulham 2-1.

What are you guys talking about?
In as much as this is too early to start having high hopes like Fabrapass said, I am still very happy with the start. I hope it continues this way.
Gunners for life!

Lets see who will emerge as the CEO of these banks. Let us see how many Northerners that will come in.

Remember the northerners felt cheated and have wanted a share of the CEO slots.

Probably this is a way of giving them a reprieve. I hope Sanusi knows what he is doing.

lekside44:
mr ajanlekoko never killed the tread. he only post a question that people should strat inventing. but many people could not reply for the same reason that makes engineers, , e.t.cs in this country not to be inventing. it is because it is not easy to stand up one day and say you want to start inventing. those factors that will aid you or motivates you are what we are discussing hre.

The factors that will motivate anyone to invent abound. The problem is that no one thinks about inventing! Everybody thinks the other person should do the inventing!

hugging

A husband with air in the position of cerebral cortex is honoured with such treatment because animals who are treated as such are not airheads!

Thor

It is very dishearting that you have the kind of mindset you have baout nigeria and Nigerians.
I pray that you will be alive to lick your vomitus.


Well done to the 2 brothers. More to come guys!

Fhemmmy:
If the law is impotent, then, dont blame the people breaking the laws, blame those that ought to instill the law, and even the leaders that dont follow the laws too

So you will get stuck apportioning blames while lives are destroyed and people maimed?

Fhemmmy:
regardless, let the law take care of the law breakers and not koboko

And when the law is impotent?

Do you know how many lives the kobokoharam has saved?

oge4real:
There is no justification for treating a fellow human with such disdain.

I bet you are one of the law breakers!

They can use ko-bokoharam as long as one can drice safely on naija roads.

AjanleKoko:
Dude,
na question I ask.

Just like Jesus told the stone throwers of Isreal!