₦airaland Forum

Maxymilliano:
The earlier he retrace his steps the better.

The Press can make or mar his blossom career.

I am totally against the use of foul language BUT sorry the Nigerian press CANNOT make his career.

They can mar it though. That's what they've always been able to do.

Fantastic. This was how JCB began 75 years ago.

Igbochief001:
Most Nigerians are intellectually lazy

True. but most people in world are that too.

In fact, very few people in the world are not intellectually lazy. I am for instance.I will get better.

I hope you aren't though.

Igbochief001:
He should go n work ...if no work go back to his village n farm ...use the proceed to learn a skill

Stop pushing socialist agenda of lazy Nigerians

I know Nigerians can lack Integrity & at times incompetent but most Nigerians aren't lazy.

It takes more than just hardwork to thrive in this country and I'll be slow to call people lazy.

On your "socialism" I'll say that word has now been abused.
For instance, what do you call the large scale calls for government intervention by large & small businesses due to effects of COVID -19? Capitalism?

Weren't we told that in capitalism ALL businesses that fail deserve to fail? And shouldn't be bailed by government?

WIZGUY69:
I don’t know what this people are trying to achieve, but it doesn’t make any sense. With the loss of jobs here and there, they are employing dog to do what exactly? If they pay the dog salary, who will collect and spend it?

Mcheeew

It's a PR operation.

For salespeople every attention could yield sales.
Think of it, you would never have heard about this store but for the dog story.

bigtt76:
The distributor of the 'Air Doctor' all these people are hanging on their neck so ...don hammer o

What does it do?

internationalman:
What won't people kill for in Nigeria..

We may as well start killing our girlfriends for talking or looking at other niggars..

The youths who are supposed to be the most important people in this country are fast becoming the most useless ..

No wonder those old baboons in high places don't see us fit enough to lead them.

This isn't Nigeria.

Not that it makes it any better though. Really bad.

xxxtedyxxx:
Oooooin.,..

Who send you go Lebanon?

But you [probably] don't reside in your Local government /State.

Also, people (Human beings) don't BELONG anywhere!

The place where you "originated" was a settlement as some point.

By the way if she was distressed in the US, would you have been more supportive.

ademidedavid:
It is only the authorities that can question the authority....I learnt the WAW company belongs to madam Ajimobi! The more reason for the confident resistance and even holding a whole government officials hostage......my fellow nairalanders o wrong gaan nau.

Not true.

WAW is a Henkel brand. Henkel is a German multinational with >100 year history.

Their stay in Nigeria predates Ajimobi's administration. It would also outlast all other administrations. Now you may argue that she has shares in the company. However since a new government is now in power, would the company also pacify them with shares also? How many governments in power would the company keep pacifying with shares before they own nothing in the company again?

Shukusheka:
It is not even a blackman thing, it is a reflection of races still battling with poverty. White people can afford to shift their interest into wildlife because they have attained a certain level of self actualization, they have lesser fundamental things to worry about.

Very,very,very,very apt comment.
Sadly most of us haven't come to grasp with this reality.

Poverty is still rife here. Everything is a luxury in a poverty-stricken situation.

God help us.

DICKstractor:
Obey the laws of the land

What laws?

I am not a fan of Tiktok but do national laws even prescribe what apps it's citizens can "play" on?

Xisnin:
It is not illegal for a bank director to secure more than N20 million loan.
You should direct your question to First bank.
Perhaps a FOI request can override the banks need to protect customers information.
But logic demands that a director who helped a friend to receive $65 million dollar
and caused $40 million dollar to disappear isn't particularly poor as he must have been
in the game for long.



How is his detention relevant to the loan application?
Even if it is trillion, it is the perogative of the bank to review, approve or reject
a loan application in line with their policies.


Yes, it is still none of your business.
Commercial banks are established to make profit for its shareholders just like any other business.
A bank's collapse or acquisition is a normal part of a capitalistic system.
There are those who deny the reality but experience from every "free" country shows
that banks are no more protected from failures than any other big organizations and the
so-called regulation are often useless in the long run.


There is nothing ridiculous about the loan. Assuming the worst when you are not privy to the full details
is lazy.

If you have evidence of foul play, you can pass it over to the CBN who has the right to impose fines.
We don't even know the exact amount he borrowed as he already got 50% without needing a loan.
We don't know his investments, net worth or whether the loan was requested using his personal name only.

Even this ammended act is a joke.
If all I will get for borrowing billions is a few millions fine, then that is hardly a deterrence.

But you haven't answered my allusion to BOFIA 2004 about the max amount a director can secure in bank loans.

Check yourself. I provided a link.

By the way if you don't know that banks are heavily regulated Financial institutions with great potential to exert systemic shocks to a nations economy [if they collapse] then we are Certainly not on the same page on the issues here.

No bank is an isolated entity.
Banks are heavily interconnected. Failures are widely impactful.

That this is happening at a Tier 1 bank makes it all the more puzzling.

You should read BOFIA.

I really shouldn't care but these kinds of actions increase the cost of Capital in an economy too, something that affects us all.

But then again, most banks contravene BOFIA daily.

*Banks and other Financial institutions act.

Xisnin:
That's none of your business.
If First bank considered him to be of good credit, so be it.

Calling for investigation or interventions into every micro-decisions taken by organizations
especially a private one is counterproductive and only create an hostile business
environment which is reflected in the price of goods and services.

If it is illegal for an executive of a bank to get a loan from his employer, please clearly
state the law against it.

And BTW, there is no such thing as "insider trading loan" and it doesn't
mean what you think it does.

The law is BOFIA.

Although it has been amended, A bank director shouldn't access up to even N20m unsecured loan from the bank.

You may say the loan was secured.
But then at short notice?
What assets were valued/collaterized?

All these while he was in detention?
We are talking billions here oh?
What committee sat to approve it?

A bank's fall is NOT "not our business".

The impact of a Commercial bank's collapse would be far reaching.

These guys are ridiculous.

The law was reviewed recently too.

https://www.vanguardngr.com/2020/07/senate-passes-29-year-old-bofia-amendment-act/amp/&ved=2ahUKEwj01Kufm-3qAhXHTcAKHf45Dt8QFjACegQIBBAB&usg=AOvVaw1d-baVTdd9-yUQNZUxHYW-&ampcf=1

Irrationalpaul:
I did notice a pattern: the worst of them tended to be the ones who definitely cannot afford a car. Reason unclear, cause you'd think they'd appreciate the value more

Bad Belle people

The Op is technically guilty of condescension too perhaps because, how do you know 'definitely' who cannot afford to buy a car ? Is it a trait perceptible on the forehead?

calaway:
Because merit is not considered in Nigeria a society controled by mediocres favoured and planted by the wicked British.

Exactly. And more than that, there's a lack of critical mass of long term Capital in Nigeria.

The average Nigerian also,sadly, lacks integrity and is often incompetent.

The Kinds of Nigerians these people meet skew their Perceptions. The Nigerians that sojourn out of the country (legally not illegally) are very often high courage/ambitious Individuals. When these succeed, does that mean the average Nigerian is that ambitious.probably no.

God help us.

9jaRealist:
>
There are THOUSANDS of professionally-thriving and financially well-off and/or rich lawyers in Nigeria...
There are some very good law firms in Nigeria, with financially well-off partners most Nigerians have prolly never heard of.
>

Really. Literally thousands ?

You do know that thousands means >1000 ?

Good to know though.

poiunt:
Sowore.

Some People Outside this country are backing this man financially.

I do not like radicals, He needs to be tamed.

True.

One of which is Pierre Omidyar.

Now go and tell Omidyar how to spend his money.

eniorisha:
It's always smooth & easy to say when u are privileged never to av been in their shoes. There are some things the op & his stalwarts got wrong in their various submission. Only d real victims will know how best to paint d picture.

When a guy is poor & unwelcoming to people, any girl dt accept to date or marry him will appear to him as though she is doing him a great favor. Need for Companionship doesnt respect status anyway.

U & your fellow theorists probably got it rousy due to your privileged background & well-enlightened exposure. Even gv some poor dudes without privileged & enlightened exposure, million of Naira to start up sth for themselves. Check back in few months, it is either d money remained locked in bank or fast spending it for consumption. Yet, most times it's not their fault, generational & subsisting poverty in their live has battered them so so deep.


Also, one of d theorist said one will be so happily married when there is money....as in eh!!!! Most jobless broke ass trekking couples are happily married eating their soaked garri in peace while many rich couples are having it so tough & rough in their marriages.


Finally, if u are truly humane, u are to pity those people not to mock nor condemn them.

Pity alone is useless though. What you probably mean is empathy. I.e. Pity + action. Yes there's a difference between empathy and sympathy.

The OP has shown empathy by extending a helping hand. And coming here to share lessons he picked from the situation for us all to learn.

I am not better than the said man. Although what you've said about upbringing and background is correct, should we stop trying ?

chiol:
In life, you have to balance things. Don't pursue money and leave marriage and don't marry and forget money. Both are necessary. If you are of the age, marry and keep hustling. Regulate the number of children you will bear according to your financial capability.

There's nothing like balance in life really though.

What matters is what you want and how much(not money but sacrificing other things) are you willing to pay for it.

By the way the OP never said to 'forget marriage'

Coldfeets:
The person or people that created the agricultural, the industrial, the automobile revolutions plus the smart phone I am holding in my hand all wanted to help humanity by making life easier for people on the earth.

Now you tell me, how is the person or people that created Covid 19 helping humanity in any way you can think of?

So here's it: Most inventions & discoveries are incidental. That is, the inventors/discoverers have no cookbook path to the solutions they seek. They just try,try,try.

The whole process is an iterative-experimental cycle.
Some of which exposes humanity to harm. However, at times great things come out of many of these processes.

The COVID 19 onslaught on the World certainly wasn't intentional. I don't know if it was "cooked" in a lab but it definitely wasn't "unleashed" to the world

iceboy4752:
He deserves it. I think they cancelled Ballon d' or because Messi isn't in good form this season. Lewandowski deserves that award.

He is not in good form this season?
Boy! May I be this good in life that even my "bad" is the best.

Coldfeets:
This is exactly how these useless people went and created Covid 19.

That's also how they created the agricultural revolution, Industrial revolution, the automobile and the smartphone in your hand.

GuestLog:
If only America & Russia would agree to mate.

I also want to use this opportunity to beg the Hungarian scientist not to let this fish near Nigerian shores ooo! Before it'll end up as peppersoup in front page of Nairaland.

Nah! America is great like it is. It's not perfect though.

chiol:
Money is not everything. By the time you are old or sick, you will understand that family really matters. Also, having a family doesn't stop one from making more money and investments

True. family matter. But how many families in this age of late stage capitalism are really dependable to hope to fall back on. Many but not much.

Think of it this way. It's better to act as though nobody is coming to save you and then if you ultimately have a need you fall back on them because no other solution exists, than to 'think' you have a dependable family somewhere and end up disappointed.
The later is much more disappointing than the former.

pocohantas:
Please read again...



How does that mean the woman is financially and socially higher, when we talking of two broke people. Is there any difference between the man in this story and his wife?

Hahahahah! True though. You could say so.

pocohantas:
Please read again...

You said earlier that in most Nigerian marriages, the Man is NOT the more Financially successful partner.

Except I got you wrong.

pocohantas:
I didn’t miss your point. MOST women are married to men who are not in anyway socially or financially high, let alone HIGHER. It isn’t even an insult to them, it is the reality of Nigerian relationships/marriages. The one we see everyday, not NL.

I understand your position BUT that's clearly NOT true.

This may be true within the scope of your relationships but it is certainly NOT true for most of society.


Note that the word 'most' means at least more than half. So Conversely you are saying that in more than half of Nigerian marriages, the Wife is financially/socially more successful.

If this is true then what's up with the Rhetorics about Women marginalization?

Prof0fficial:
"someone that wishes to be alone should remember his old age days"...

People that have families can be alone too.

One's family can also be lost too.

I know families that, well, aren't "bonded" most times.

And with the world of Virtualization, being alone is merely a matter of choice.

Purplekush:
Mind how you give strangers lifts. A real niggarr with a .9mm or a Berretta could change the ownership of that ride without signing papers

True. But then again real robbers don't need to be given lift to disposses people of their things.

Guestlander:
Saying it was a mistake before the police even got the case is wrong. How on earth did they come to that conclusion? Humans beings are capable of anything. Going to the same school with someone doesn't make him your friend.
If the police says it was a mistake then that is that. In any case, it is an offense to drive without a driver's license and that alone nullifies the "inadvertent" nonsense.

Technically following your logic,even the Police has no power to decide what was done inadvertently that's the Court.

By the way the NAF has a Police force as capable as the the NPF. The matter was transferred to NPF AFTER the NAF police had done a preliminary investigation hence their position.

I don't know the intention of the Suspect, but you should pray never to be involved in any bad eventuality by a mistake. Then you would pray to be given at least the benefit of doubt. For all a man's evil intention, who kills by knocking down in broaddaylight without any aggravation.

Guestlander:
After saying she was "inadvertently" struck down.

Sad story.

But there is nothing here that counters the "Inadvertent" narrative yet.
As at now, the Accident was clearly unintentional/inadvertent.

For Conspiracy theorists, How can the NAF train an Officer for years with Several $ and celebrate her as a Pioneer only to then "plan" here death. Clearly makes no sense.

God help us.

GboyegaD:
During Obasanjo's first regime, he single handedly destroyed the cement industry. You may choose to read up more if you want to know more.

Are you saying that between 1999 and 2007, Nigerians had to buy only Dangote Cement in the market because other choices didn't exist?

Was their a time in Nigeria where only Dangote Cement was sold in our markets? What year was this?