₦airaland Forum

larez: Why do you even continue to bother arguing with these guys? Look at the lazy guy who does nothing and when hungry robs or kidnaps, will sell his sister for cash or kill his brother for ritual for cash. He has the odacity to claim that ND feeds Lagos.

[b]These people because of their deep rooted inadequacies live their lives in a deluded state of self imposed competition with Yoruba. Because they know that they were wearing loin clothes when Yorubas had highly sophisticated communities and farms that spanned as far as the eyes could see. We should pity them and try to pamper them to feel better. Yorubas are very understanding, and will attempt to lift up people who did not even have traditional clothes until the Yoruba came to show them that grown up men should be covered, and gave them clothes to wear.

Yorubas with their rich culture need to be seriously cautioned. Stop yabbing these people about their comical clothes which consists of the used worn out Oyimbo shirt and the yoruba wrapper given to them as charity gifts from yoruba. Oh yes, and to top it up, they also wear Oyimbo hats and put feathers on them as well. Bad Yoruba people have concluded that these people were indeed savages before Oyinbo came to their villages. This is not right, and Yoruba people should stop. lol[/b]

All this "oyel" that they toiled and planted into the ground must be preserved in their towns and stored refined and used to cook Isewu and periwinkle soup. With the amount of work that they exerted to make the "oyel" germinate, must be rewarded, and the rest of Nigeria needs to bow to them.

Meanwhile the Yorubas/Benins got angry and went to plant their own "oyel" too. But the Yorubas wait patiently while their harvest ripens and watches the "oyel" people swell up with their pomposity. Very soon Yorubas get tired of it and decide to listen more attentively to Becomerich and his nuances. Suddenly, Lagos declares independence and Western Nigeria says "wait a minute, we are going with you". Lines get drawn and a future great nation is formed which suddenly announces Oil reserves of over 80 Billion barrels.

The story continues into everlasting as other large precious mineral deposits are located all over Yorubaland and the wealth pours in. Yorubaland then decides to pay each and everyone of it's citizens a minimum stipend of $45,000.00 per year, with full medical and social insurances, and also begins to import workers from China and Malaysia to provide labour services for it's citizens. Not being part of Nigeria, Yorubaland decides to stay out of the cartel known as OPEC because of the Arab agenda which is bent on stifling the Negro race. Suddenly, Citizens of Yorubaland become favourites for Visa offers from the West, and get treated on a higher level than Kuwaitis.

Fool.

MUZBO:
Well the govt wouldn't expect the banks to cook the books in the first place so they failed to watch them and then the banks wouldn't have needed to con anyone with fictitious figures at all if they had not given risky loans or had atleast secured them with collaterals. Its that simple! The banks failed.

CBN is not the government, it is a government instrument; lets straighten that first.
How can we believe that bank books were fixed when the figures the "proof" was based on have turned out to be false? I'm here scratching my head!

babapupa:
wetin be your own with lagos sef? you no dey taya ni? don't you have better fish to fry inside the delta?

Bad mouth Lagos as much as you want, this picture is your doomed past and future. This is all you have to look up to,

babapupa: ugliest Halloween clown costume ever

That is what you called the way we dress in the ND yesterday.

I am only reacting to tribalistic fools like you.

At least we arent at this level in ND sha.

[flash=425,344]
https://www.youtube.com/watch?v=p_kJCHuVgME&hl=en&fs=1" "type="[/flash]

@sjeezy8

Stop clowning. Anybody can go through the thread and see how long you guys provocation lasted before I reacted. This is where I am from (thats so that you can look for equivalent images). https://www.nairaland.com/nigeria/topic-278235.0.html
Believe me, there is more in the arsenal if you people continue to be "tribal". Small boy!

If you go "tribal", you'll get burned. Simple as!

MUZBO:
Oh great! Now I know why it is so hard for ordinary people to get loans. . . - its because they are worth nothing! What was the essence of re-capitalization? I believe it was partly to support small-scale businesses and other entrepreneurs who are essential to the growth of the economy through loans. Why is it the made-men who get all the loans and get to pay anytime? The banks will then withhold loans from ordinary people since they'd think if the big men are not paying then how would this pauper pay up? Its only logical to ask for collaterals.

The questions you have raised are really pointers to the failure of government, not the banks.
It might be logical to ask for collateral, that does not make it a legal requirement.

Sagamite:
Note: This is a serious thread, all unnecessary and meaningless jokes are not welcomed. Furthermore, IDS in the subject title stands for "Intellectual Discussion Session", so if you have nothing intelligent to contribute refrain from contributing. Thanks.

I hope you can refrain from needlessly hurling abuse when opinions that conflict with yours pop up.

@topic
I don't see our population as an issue. Nigerias problems stem from two things:
[list]
[li]A lack of definition of a contract between citizen and state[/li]
[li]Too much power situated at the center[/li]
[/list]

If we can resolve the above, Nigeria's problems would be history.
Have it in mind that China has one fifth of the Worlds population within its borders, but is the Worlds most powerful economy today.
Nigeria does not have limited resources, what we have are a miriad untapped resources (human and material). Oil has provided such easy money that all other avenues of making money and development have been abandoned.
We do not even have even the most basic instituitions to usher in a culture of development; if you need to publish a science paper (a la Einstein), where do you go? If you require statistics on beans consumption in different forms in Warri, Kaduna and Abeokuta, where do you go? If you invent a new mechanism, what hope in the World do you have of properly marketting it?

My brother, this population thing is just oyimbo people decieving us so that we put the cart before the horse.

Jarus:
There is something called 'secrecy of banker-customer relationship' in Business law. It forbids a bank from disclosing the details of a customer's transactions with it to a third party.
However, the law gives three major exceptions to this law:
1, Written permission of the customer: If the customer, in writing, approves that his account/transaction details be given to the third party
2, Public Interest: If disclosing the customer's account details/transaction is in public interest or if not doing so will jeopardise public interest
3,Court Order: If the court orders it or if it is needed as an evidence in court of law.

CBN's action is covered by EXCEPTION 2-Public interest!!!!

If CBN got its figures on debtors so badly wrong (God alone knows how much else it got wrong). CBN's actions were based on wrong figures. How can such be in the public interest? It just looks like the CBN is rushing around for figures to suit supposed "crimes".

MUZBO:
Well, how do they expect to get the loans paid if there were no collaterals involved?

There is no law that says loans must be secured with collateral. Loans can be given based on an individuals/firms worth or standing, loans can also be secured on business proposals/plans etc.

MUZBO:
Sanusi did what he had to do. If EFCC takes things overboard then its their problem. None of those bank CEOs deserve even a cleaners job in their banks for risking customers' moneys in risky loans!

Banks make money by risking customers money. That's the practice the World over and it is 100% legal. How do you think they can pay you interest on your savings when they arent counterfeit printing industries?

You know, Nigeria is a land of rumours, allegations and smokescreens.

Is it even legal to publish debtor lists? We need to be clear on that. Does Nigeria have any confidentiality laws and have they been broken?

^Change your id, there are 300+ ethnic groups in Nigeria, not just 3. Don't insult people.

Your id shows your shallow understanding of the Nigerian problem.

She has turned herself in http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLQ29722220090826

otokx:
SANUSI can't be held liable for the actions of EFCC, he has done his own bit my publishing a list as at 31 May 2009. He has also released a correction which included two entries. His actions have definitely helped restore confidence in that sector of the economy.

Is that a joke?

@Larez

This should put an end to your tribalist bullshit about other parts of Nigeria outside Lagos. Don't click this link if either your kids or any juveniles are about the place http://www.spifftv.com/video.php?id=279

^Until someone is proven guilty by a law court, they are innocent. Pronouncing guilt on the bankers amounts to witch hunting. Lets abandon this jungle behaviour and do things properly.

fyneguy:
Beaf

Please calm down. There are 2 main issues here: 1. Crime perpetrated by these bankers 2. Recovery of bad debts.

Charging these folks to court for the first part is no big deal. But it will hamper the 2nd part of the mission. You need them to co-operate with you to achieve this. This would be difficult if you quickly charged them to court.

Thats a disturbing position, what would stop them cooperating when action is pursued lawfully? Is that not the way things should be, or do make laws only as a pastime?

In any event, the recovery of bad bank loans has nothing to do with the EFCC.

naijatoday:
This is my own problem with the whole thing. I believe what Sanusi did was right. The EFCC has come in to hijack the whole thing and is making a mess out of it. The bank, CBN , and debtor should handle the debt collection thing. If they refuse to pay, the CBN and bank should go to court and ask for the asset or liquidation of asset.

I was always of the opinion that the CBN brought in the EFCC to put frighteners and teeth on their whirlwind of smoke, inaccurate figures and illegalities.

^007!
With all the "tribal" bullshit you have been talking, I'm not surprised that you are turning out to be daft as a dog also. Click this link boy http://odili.net/news/source/2009/feb/15/sun/Human-part.jpg

Because the British, French and Germans got out their rulers, protractors and compasses to draw rubbish as new countries; we now believe we belong together? Or is it because Lugards prostitute screamed "Nigeria" during a bout of extasy that we belong together?

The only way we can belong together is to hold a national conference to thrash out a contract between citizen and state and between regions and cultures. Intellectuals like Wole Soyinka have battled hard for this over the years; the more we ignore their cries, the deeper the "nation" will sink into jungle slush.

fyneguy:
Mckren

If you could take some time to read the EFCC story again, you probably would see reasons for their arrest.

It's stated clearly that EFCC has established a case of shady deals, bad loans and the use of FICTITIOUS names to get loans from the bank.

And I said if this was true, their status as non-executives would not protect them from prosecution.

My experience in the bank is secondary in all of this. I only cited that to let you know that Non-executive directors of banks are only non-executive on paper. They wield so much influence and go beyond their briefs.

Dodgy, dodgy. Why is the EFCC still finding it difficult to charge those it has been holding now for a week? There is no crime, business was done and thats all. You can't charge anybody for doing business.
If fraud has been committed, then by every means, the EFCC and police should immediately press charges and cease this macabre dance of words and chaos.

larez:
You are a very foolish man indeed and you have further exposed your ignorance. I now looked at the pictures closely, and honestly I have failed to see any Yoruba looking person in those pictures. The first guy on his knees is clearly from the East if Nigerian. A zoom-in of the crowd in the second one shows a bunch of Eastern looking folks. How do we even know these pictures were taken in Lagos? Can anyone trust people like you who's only purpose on Nairaland is to tackle other tribes?

May God help your soul that you have mortgaged to the Devil. Civilization is not something people claim, it is infact a way of life that they live. You have further proven your barbarism. SMH

Fool.

"The business is all about raw cash. A fresh human head has a street value of N250, 000. Fresh internal organs like heart, lung, kidney, and so on go for 500,000 a piece.

Other vital parts like penis, vagina and breast costs N50,000 each.Fresh tongue is sold at N100,000.

Sunday Sun learnt when a tongue is “ritualized and jujufied” that it “works well” for traders and people who apply for visa to go abroad “when well prepared, no one go question you for embassy and even your working place”, a dealer whose alias is Baba Ibeji revealed.

Toe and finger, Sunday Sun further learnt are good for travelers and business people. “ The toe is for traveling without falling.

The finger is to make money. Any thing you touch turns to money”, Baba Ibeji said.

Fresh toe and finger goes for N50,000 each.

. . .Jankara might be the possible place where missing persons in Lagos resurface but reduced to faceless, liveless body parts"
http://odili.net/news/source/2009/feb/15/512.html

larez:
@Beaf:

Do me a favour Bro, and delete those pictures from this thread. Don't you think it is sickening to be posting stuff like that online? These are bodies of human being such as yourself and should not be disrespected or desecrated. There is nothing comical about the slaughter of fellow human beings. You may want to also delete any other such pictures on your hard drive. It is truly sickening.

Those who live in glass houses should not throw stones. . .

When you guys post racist comments and pictures, people react to show that you are uncivilised. I warned you earlier and did not respond when you made this a "tribal" issue and heaped derogatory comments on the ND. https://www.nairaland.com/nigeria/topic-314283.96.html#msg4421786

If anybody has Niger Delta pictures to post, I have even more Lagos pictures.
If anybody has derogatory things to say about the Niger Delta, I have things to say about Lagos.

We can make our points without getting "tribal".

Live with those images.

everlast:
This article is false, this morning on AIT the money show, an efcc spokes man confirmed the court release order as false. The two are still in captivity and they are continuing with their work as usual. He said that they have recieved no such order preventing them from doing their job and FW and her team are currently in lagos

Flouting court orders is normal in the Nigerian jungle. Na today?

Can we please refer to Sanusi from now as General Sanusi PFC ERB THI VSSY HJJ? Just to keep things level in the jungle.

Yes PH has good potential. So does Warri (already has a port) with its network of dredgable rivers, even Yenegoa can come in with a shout; perhaps the FG should start looking at the ND as business hubs, that should go a small distance toward creating satisfaction in those areas.

^Exactly! Couldn't be better said.

fyneguy:
I keep wondering how people form their opinions on this forum.

These guys are alleged to have done some shady deals, were instrumental to bad loans, and used fictitious names to get loans from the bank.

And some people are still questioning the rationale behind their arrest?

This is something else!

Btw, I briefly worked in Intercontinental bank and I knew what's up.

Go and find out how these guys got money to even set up Intercontinental bank- you would be shocked.

Maybe, if you had supplied your insider info to EFCC we would have been spared this chaotic, jungle type saga.

skyone:
fa fa fa foul absolutely not, banking industry started in the 17th century in United Kingdom at Threadneedle street and from history there hasn't been any such malpractices in the UK financial system except of recent in US where executive director of Lehman Brothers was probed for negligence of his office and extensive bonus.

Erastus is big crook God know where he is now i hope is not in redeem camp.

Fail!

The first state deposit bank, Banco di San Giorgio (Bank of St. George), was founded in 1407 at Genoa, Italy http://en.wikipedia.org/wiki/Bank

There have been several serious malpractices in UK banking, they are just so much better handled. . . And the US is not in the UK

MrCrackles:
My friend sharrap i was only joking!
What is my business with the "thief"
See your mouth, trying to redefine the laws of my country of residence where i have lived for donkey years, to me!
And who told you Sanusi made a law called "jungle"?
Are you drunk or something

Thank God you were joking; because you don't even know if Erastus is a boxer that might knock you out when you attempt your rugby tackle. . . plus still going to jail for assault sha.

Thank God say na joke

otokx:
EFCC should not have kept them for so long; they should be released and placed on permanent surveillance with their passports seized.

You cannot seize passports without declaring a crime. The law courts would have ordered that their passports be returned; jungle justice is not going to work here (it is for area boys), especially with powerful people with the means to defend themselves.