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Business / Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Ayemileto(m): 2:54pm On Dec 03, 2021 |
fregeneh: It has been judged by the supreme court since 2019. |
Business / Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Ayemileto(m): 2:49pm On Dec 03, 2021 |
perambulator: Supreme court already ruled on the case since 2019. And the money is still increasing by 22% interest. so, the longer GTB delays payment, the higher their liability. The money can very well reach 100Bn, 500bn, 1tn or more if GTB delays payment long enough. And depending on how long GTB delays payment (and Innoson waits out), The money can very much surpass GTB's capacity. Also, he doesn't have to own 100% shares to be considered the owner. Once he's the highest shareholder (which this news implies he'll be if he got ₦33bn worth of shares), he will be referred to as owner. Jeff Bezos for example, own just 11% of Amazon shares. But he's referred to as "Amazon owner" because he's the largest shareholder. |
Business / Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Ayemileto(m): 2:33pm On Dec 03, 2021 |
Terrier99: AMCON don't buy liabilities alone, they take over all assets as well as the liabilities. |
Education / Re: Sylvester Oromoni: Video Of Dowen College Student In Pains Before He Died by Ayemileto(m): 1:21pm On Dec 03, 2021 |
Maxymilliano: Correct. Autopsy will reveal what happened to him. Also, apart from posting it online, they should get the police involved. 3 Likes 1 Share |
Crime / Re: Court Of Appeal Frees Alfa Babatunde, Sotitobire Church Founder by Ayemileto(m): 12:59pm On Dec 03, 2021 |
No wonder they decided to resurrect the church and pasted his pictures on Billboards recently. They probably seem to know he'll be free and decided to wet the ground before his return. |
Education / Re: Don Davis: Deeper Life School Principal, Others Remanded In Prison by Ayemileto(m): 12:53pm On Dec 03, 2021 |
This isn't worth celebrating sha. From the post, they were granted bail, and will be released once they meet their bail conditions. Also, that they were remanded in prison and given stiff Bail conditions doesn't necessarily mean they will be found guilty upon trial completion. And the 2 boys who molested her son are still walking free, if what I think I understand from her post is in anyway correct. Instead of coming online to celebrate this, the woman should focus more on getting Justice for her son because what is up there isn't in any way justice. Also, coming online to post this may ruin her case, because from a previous update, the Judge already ordered her to stop posting online. 3 Likes |
Business / Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Ayemileto(m): 11:53am On Dec 03, 2021 |
DubaiLandLord1: Is it possible to transfer only assets without transferring liabilities too? 3 Likes |
Business / Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Ayemileto(m): 11:50am On Dec 03, 2021 |
Terrier99: Is it possible for GTB to sell all its assets to GTCO without selling it's liabilities? 6 Likes |
Business / Re: John Ekpa: GTB Should Comply With Court Judgement, Pay Innoson Or Risk Takeover by Ayemileto(m): 11:37am On Dec 03, 2021 |
Nothingserious:In summary, this is what I can recall from the case: 1. GTB borrowed Innoson money for importation many years ago. 2. GTB over deducted the loan back from Innoson account, and deducted over ₦500m extra. 3. When Innoson audited his account, and saw the over deduction, he called the attention of GTB to it. 4. GTB investigated and agreed there was an over deduction. But the over deducted amount is less than what Innoson said. 5. Innoson agreed with the value GTB said was over deducted (which is less than the value the firm that audited his account pointed out). 6. Innoson asked GTB to pay back with 22% interest, which is the rate he used to pay back his loan with GTB. 7. GTB refused, and said they can only pay with 8% interest. 8. Innoson went to court. He won at the high court, appeal court, and then supreme court in 2019. 9. As the case was dragging in court all this years, the money kept increasing due to the 22% interest. 10. As at when Appeal court passed judgement, it was still around 8 billion Naira. 11. After supreme court pass judgement in 2019, GTB decided to change their name to GTCO and change their structure. 12. Many people believe GTB's Change of name and structure is a move to avoid paying the judgement debt (since the judgement debt is against GTB and not GTCO). 13. Innoson went to court to try to prevent them from changing name and structure, but he probably failed because GTB went ahead to change name and structure. 14. The judgement debt is currently over 33 billion, and increasing due to the 22% interest. GTB haven't shown any willingness to pay. 5 Likes |
Sports / Re: Ronaldo Has Received 200 Votes MORE Than Messi Across Ballon D'or History by Ayemileto(m): 8:11pm On Dec 01, 2021 |
izzy4shizzy: Mendy was not ignored because he is African. Donnaruma equally deserved it. Take for example, Donnaruma won "Player of the Tournament" in the last Euros where Ronaldo, De Bruyne, Lewandowski, Mbappe and many other good players participated. How many times have you seen a keeper win such award? Also, Mendy didn't win "Best Goal Keeper of the Season in the EPL", Ederson Moraes actually won it. Meanwhile, Donnaruma won the one for Serie A. In as much as Mendy deserve the award, Donnaruma was equally very much deserving. Stop pushing this agenda of Racism where it doesn't exist. 4 Likes 1 Share |
Sports / Re: Evra claims Edouard Mendy Was Snubbed For The Yashin Trophy Because he's African by Ayemileto(m): 2:08pm On Dec 01, 2021 |
Kriss216: 1. Donnaruma won Player of the Tournament in the last Euros. 2. He won the best Goalkeeper award in Serie A (Ederson won EPL's own) Donnaruma very well deserved it too. 2 Likes 1 Share |
Sports / Re: Toni Kroos On Lionel Messi's Ballon D'or Win by Ayemileto(m): 7:36pm On Nov 30, 2021 |
lexy2014:Probably thought was best. Keyword: Probably thought.
Well, Attached are some screenshots of publications made by different media as far back as July, 2020. Make of it what you wish, but from the publications, it's was clear the effect of COVID was responsible for their decision.
FIFA made the decision to give their award (just like France football make the decision not to give their award). This is similar to EPL/Bundesliga deciding to resume their leagues from where they stopped, while French football federation decided to cancel theirs. Different strokes for different folks, everyone made their own decisions.
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Sports / Re: Toni Kroos On Lionel Messi's Ballon D'or Win by Ayemileto(m): 6:39pm On Nov 30, 2021 |
lexy2014: It has everything to do with it because the award was based on the entire football year. Also,I'm not in the position to tell you what is the best decision. Just like some leagues decided to Cancel the entire season, Some decided to resume. Each organisation that have something to do with football all made specific decisions for themselves. And all made decisions they think is best - irrespective of what the decision is. |
Sports / Re: Toni Kroos On Lionel Messi's Ballon D'or Win by Ayemileto(m): 5:35pm On Nov 30, 2021 |
lexy2014:Well, my point is the award was not cancelled because of Lewandowski like you and many other people are making it look like. It was cancelled due to the disruption in the entire footballing season. Of course, the award could have been organised virtually, but the organisers made the decision they thought best, and it was not because Lewandowski would have won it. Recall, many Leagues had to decide weather to continue or cancel the league, with some leagues deciding to cancel. Even the UCL was reduced to 1 game in QF/SF instead of the normal Home and Away games, otherwise, Lewandowski would have probably broken Ronaldo's 17 UCL goal record. In as much as cancelling the award is unfair to Lewandowski, giving the award would have also been unfair to players playing in cancelled Leagues. Like I said earlier, the organisers made the decision they probably thought was best, just like each Leagues made their own decisions. 1 Like |
Sports / Re: Toni Kroos On Lionel Messi's Ballon D'or Win by Ayemileto(m): 4:06pm On Nov 30, 2021 |
Adrian98: Stop mixing last season with this season. The award being cancelled last season is not a valid excuse to give him this year. That's just like saying a student that should have graduated last year (but didn't graduate due to Corona/ASSU strike), should not have an extra year (even when he clearly have outstanding courses), just because Corona/ASSU already wasted one year. It doesn't work that way. 2 Likes |
Sports / Re: Toni Kroos On Lionel Messi's Ballon D'or Win by Ayemileto(m): 3:55pm On Nov 30, 2021 |
lexy2014: French League was also Cancelled Last year because of COVID. Before other Leagues decided to resume and finish up, France football already announced they are cancelling the League. So, It's not only the award they cancelled, they cancelled all other football stuffs. Stop making it look like it was cancelled because of Lewa. 7 Likes |
Politics / Re: "Standard For Accountability": World Bank Hails Kogi's Financial Statement by Ayemileto(m): 10:00am On Nov 30, 2021 |
Well, Nothing Good can come out of Kogi State as far as Yahaya Bello is governor. I believe this is just media propaganda to improve his public image. |
Health / Re: Omicron: Canada's Confirmed Cases From Persons With Recent Travel From Nigeria by Ayemileto(m): 6:57am On Nov 29, 2021 |
TMKsouth: So, you know this but blamed unvaccinated people/Anti-vaxers in your initial comment. 2 Likes |
Travel / Re: Omicron: Countries That Have Banned South Africa Over New Covid Variant (List) by Ayemileto(m): 1:53pm On Nov 27, 2021 |
bignero: The countries I mentioned have the new 'Omicron' Variant, just like South Africa. But unlike South Africa, they weren't banned or placed on travel restrictions list by other Western countries. If you read the article, you would have figured this out instead of displaying your f0olishness.
Mumu, use your brain. Apart from South African, some other African countries have been banned - even though they don't have the new variant yet. From my checks, the countries are all Southern African countries, with many of them sharing borders with South Africa. Imagine banning the whole of West Africa, because a new Variant was discovered in Nigeria and Benin Republic - while failing to ban European countries with the exact same variant. If COVID had originated from Africa, Africa would have been banned from the Get go, and it wouldn't probably have become a Pandemic. Meanwhile, African leaders were (and are still) reluctant in banning travels from other continents, allowing the virus (and it's numerous variants) easy entry into our continent. Like I said earlier, If African leaders had banned western countries from onset (the way they would have done, had it originated from Africa), Africa would have probably been spared from the COVID issue. 3 Likes |
Travel / Re: Omicron: Countries That Have Banned South Africa Over New Covid Variant (List) by Ayemileto(m): 8:11am On Nov 27, 2021 |
When will African leaders start having sense? From the News, the new variant have been discovered in Belgium and Israel too, but guess what? Only South Africa and other African countries are been placed on Red/travel ban list. Meanwhile, African Leaders will be hesitant to place all this western/middle East countries on travel ban list, even when they have new variants of the virus. As a matter of fact, if this African leaders have acted quickly and placed all Non - African countries on Travel Ban list, perhaps, the virus wouldn't have spread to Africa to start with. But they all foolishly left their borders open, allowing free entry of COVID. 21 Likes 3 Shares |
Sports / Re: Karim Benzema Gets 1-Year Prison Sentence, ₦45m Fine Over Sex Tape Blackmail by Ayemileto(m): 1:15pm On Nov 24, 2021 |
French players and scandals are like 5 & 6 |
Literature / Re: Broken Glass (18+) by Ayemileto(m): 11:54am On Nov 23, 2021 |
Wow. Nice work, OP. This is amazing. |
Sports / Re: Football Fans Can You Guess These Players? by Ayemileto(m): 8:17pm On Nov 22, 2021 |
Literature / Re: Broken Glass (18+) by Ayemileto(m): 5:44pm On Nov 20, 2021 |
Amazing Job, Wiiikyreads. This is very interesting. |
Business / Re: I Am Waiting To Take Over Gtbank - Innoson Boss, Chukwuma by Ayemileto(m): 1:14pm On Nov 19, 2021 |
Springboot: Your initial comment was about 32Bn not enough to buy the highest shares in the bank - talk less of taking over. My comment point out the fact that the money won't remain at 32Bn, but will keep increasing due to interest. If you're in anyway educated, or have a little bit of wisdom, this shouldn't be rocket science for you to understand.
Yes, Innoson can take over GTB through court order, and AMCON won't even have a business with it. If AMCON will step in and take over, they will still pay Innoson whatever debt GTB is owing him at that point in time. So Innoson will still get the money, with all the accrued interest. 2 Likes |
Business / Re: I Am Waiting To Take Over Gtbank - Innoson Boss, Chukwuma by Ayemileto(m): 11:37am On Nov 19, 2021 |
Springboot: The money started from 550M. It keep increasing with 22% interest. When the Supreme court judged the case 2 years ago, it was 8Bn, but GTB refused to pay. Now it's 32Bn. It's only a matter of time before the initial money + Interest surpass what GTB can pay back. |
Business / Re: I Am Waiting To Take Over Gtbank - Innoson Boss, Chukwuma by Ayemileto(m): 11:25am On Nov 19, 2021 |
Putindbutt: From the links you dropped, the court order was issued in 2018 and 2019. This is 2021, Why hasn't he been arrested since then? |
Literature / Re: Broken Glass (18+) by Ayemileto(m): 9:30pm On Nov 16, 2021 |
Wow, Wow, Wow. Nice work OP!!!. |
Literature / Re: Broken Glass (18+) by Ayemileto(m): 3:34pm On Nov 13, 2021 |
Wow. Nice work OP. |
Politics / Re: APC Stakeholders Ask Buni’s CECPC To Resign Immediately by Ayemileto(m): 2:58pm On Nov 11, 2021 |
I hope APC implode before next election sha. 1 Like 1 Share |
Education / Re: Ondo State University Students To Pay N2.245m As Tuition Fees by Ayemileto(m): 1:17pm On Nov 09, 2021 |
backbencher: Why can't you make friendly policies with limited cash? How much does it cost government to make the decision to lock border? How much does it cost government to make the decision to ban twitter? How much does it cost government, to sign agreement with Dangote, BUA and one other Company that no other company will be giving Licence to refine sugar again (thereby giving the 3 companies monopoly in sugar refining)? The recent bill they made that have the potential to kill Tech companies, how much does it cost them to make it? How much does it cost them to place Electricity on the Exclusive List? How much does it cost them to ban Cryptocurrency, knowing fully well many Nigerians make a living from it? If it doesn't cost much to make bad policies, how come making good ones is expensive? Abi what's your point? |
Education / Re: Ondo State University Students To Pay N2.245m As Tuition Fees by Ayemileto(m): 12:54pm On Nov 09, 2021 |
backbencher: My point from Onset, is that you can't be increasing fees without fixing the root cause of the problem. This is not the first time Ondo State government will be increasing the school fees. What changed the first time? What will change now? Increasing fees while failing to make good policies won't bring any positive results in the long run. And does that mean they would keep increasing fees till eternity? It doesn't make any sense to increase fees, while knowing fully well 99% of your citizens can't afford such fees. You make friendly policies that will improve people's life first, then increment in fees can follow. Someone talked about introducing student loan up there, imagine taking ₦13m loan to complete University education, how many years will it take you to pay it back on ₦30k minimum wage - assuming you didn't spend any of the ₦30k? Make it make sense, please!!! |
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