Bishop's Posts
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fratermathy:That person na urhobo albino... no be oyinbo |
Bishop:It’s time to play by a different (ethical) set of rules (Part 1 – Intro) In this new series I want to return to one of my favourite subjects, which we haven’t discussed for a while: CORRUPTION. Nothing does more to damage Africa than CORRUPTION. Africa will not reach its full potential unless we deal with CORRUPTION. The majority of Africans will not be prosperous unless we deal with CORRUPTION. Now, before I get into this topic, let me make it absolutely clear that corruption is not an African phenomenon. It is found everywhere. I have dealt with instances of corruption in America, Europe, India, China, Papua New Guinea, and in the Middle East. Just about everywhere I’ve ever been, I’ve seen corruption. ___Some of the most corrupt people I have ever met in my life were not Africans. Corruption has no colour, no religion, no gender, no age. Corruption is corruption. And make no mistake – both giver and receiver are corrupt. __Some of the most corrupt people I’ve met were very poor, while others were very rich. CORRUPTION IS CORRUPTION! Corruption comes in many forms and guises. The truth is – many people are engaged in forms of corruption without even knowing it is corruption. Corruption has many names, including fraud, theft, kickbacks, bribery, stealing, bid-rigging, vote-buying, nepotism, patronage, tribalism, racism, graft, embezzlement, price fixing, protection rackets — these are ALL names for forms of human depravity we call corruption. Corruption does not just occur in government. It happens also in the private sector, and even in not-for-profit organisations. A policeman who demands a tip at a roadblock is as corrupt as a Minister who demands a multibillion dollar bribe. I’m yet to find a verse in the bible which says there are different Hells…just one! And they will both end up there. As a new generation of entrepreneurs, we must pledge ourselves to play by a different set of rules. If we want to change the cycle of poverty in our beloved continent, we have to say “No!” to corruption. Your fight against corruption will cost you something: it will cost you friends; it will cost you projects; it might cost you your business. ___It may even end up costing you your very life. Corruption will not end until there is a generation prepared to pay the price to END it. What did Martin Luther King, Jr. say? “There comes a time when one must take a position that is neither safe, nor politic, nor popular, but he must take it because conscience tells him it is right.” The word “corruption” comes from the Latin word corrumpere, which can mean to bribe, but also to mar, destroy, rot, seduce, tempt, contaminate or infect. What does corruption mean to you? Winston Churchill said, “Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen.” Let’s talk about it. To be continued…. |
___Rights, wrongs, and rule of law in Africa. If this were a movie, I can only give you a trailer… When we set up the company in Nigeria, all 22 shareholders had to sign an agreement governing our relationship, known as a Shareholders Agreement. This was April 2001. The purpose of a Shareholders Agreement is to protect the shareholders’ investment in the company. It sets out the shareholders’ rights and obligations and regulates the sales of shares in the company. It also governs how a company is run and seeks to establish fair and transparent relationships between shareholders. Any company with more than one shareholder should ideally have such an agreement. Among the most important issues for us was to ensure legal compliance with two specific provisions: 1. What do shareholders do if they want to sell, transfer or dispose their shares in the company and get out? Answer: They must first offer them to another member. They can only sell them to an outsider if the other members either decline or fail to pay within 30 days. 2. How do shareholders resolve any disputes between members involving the company? Answer: Any aggrieved party must ask for Arbitration (rather than go to court). According to our Shareholders Agreement, a three-member international commercial arbitration panel had to be appointed by The Chief Judge of the Federal High Court of Nigeria. The decision of this panel was to be final and binding on signatory parties to the Shareholder Agreement. When the other shareholders, led by Delta State Governor James Ibori, decided to throw us out of the company, they did two things that violated the provisions in our Shareholders Agreement, as well as Nigerian law: 1. They “cancelled” our shares and removed our name from the share register of the company. No one has power to do this except a court and usually only the highest court in a country, as it is tantamount to expropriation of property rights. They did it anyway and dared us to go to court. We did, and it took us exactly 10 years to reverse what they did. The judges of the courts of Nigeria were harsh in their criticism of this decision by the other shareholders. They called it “disgraceful.” It was a form of gangsterism! 2. They did not offer us the right of first refusal. Instead they offered their shares to a third party (a company from the Middle East) without first offering them to us as an existing shareholder. Of course, in their minds, it was not necessary because they had first “cancelled” our shares. ___There’s no legal right for other shareholders to say, “We no longer recognise you as a shareholder,” then hold private meetings and make resolutions as if you don’t exist. (Protection of shareholder rights is sacrosanct if we want to mobilise investment and see the people of our continent prosper. Otherwise the whole investment climate is thrown up in the air!) To right these wrongs, we first had to approach the Chief Judge of the Federal Court of Nigeria. Her name was Hon. Justice Ukeje. She inexplicably refused to grant our request for nearly five years. When she retired in 2008, we petitioned her successor Hon. Justice Mustapha. He granted our request and appointed a three-member international panel of legal experts to serve on the Tribunal. Two of them, including a retired judge, were Nigerian. It took him less than three months to make the appointments, for which we have waited nearly five years! This Commercial Arbitration Tribunal was constituted under the auspices of the UN Commission for International Trade Law. The Tribunal ordered all the shareholders to appear before them with their lawyers. It took almost four years of hearing evidence and arguments from lawyers and financial experts. We counted that there were more than 50 lawyers involved in the case, many of them from Europe and the United Kingdom, as well as leading lawyers from Nigeria. The Tribunal issued its ruling on 22 December 2011. To be continued. . . by Strive Masiyiwa to read more of these interesting interview click on the link above |
joeace2020:sincerely irredeemable, if Barack Obama had that type of mindset he would never had been the president of America... people like that are fast to blame the failure of their grandparents for their own failure. May God open their eyes and free them from self imposed limitations |
majekdom2:
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unlike sharp shooter Ronaldo who hasn't won a world cup, this man has surpassed him, with 10 shots at goal and scoring only once..... lol |
When half of the working population in sokoto are beggars,what a wise word from the sultan, |
who discovered oil in the Niger Delta ?
a. Ijaw
b. Nigerian Nation
c. Niger Delta |
young man, you love her but I can tell you that you are not emotionally strong for this. You will immediately become a father to a child of about 7years taking full responsibility of her or his upkeep before your own biological children are born. and when They come would you withhold your love from your first child. think about this. i conclude that you are infatuated |
is he a CG of customs or DG of customs, He is not a career customs officer and If the law permits the president to appoint non career officer, Hammed Ali Will find his way around |
rem44:she doesn't want to pay for advert that is why She came out' codedly" |
what you should do is to send me her number for spiritual counselling |
That was not loyalty rather it was stupidity. i would not employ you too if i were in his shoes. you had already let your self esteem down by washing cars and doing house chores for your supposed boss, like boi boi, son, keep your head up, you made him treat you like that because that is the way you chose to appeal to him. |
coolebux:The two both of them are Ibadan people nau. weting you expect |
was she saving all this pictures to blackmail him in future, why did she not save all or some of their voice calls to complete this carnage that she started, i am convinced it's a setup. |
From your post and responses, i have a feeling that somebody close to you have laid hold of your banking details, if this is true the bank might not be liable for your loss, however, i think you did the right thing by making a prompt report and following due process to get the account frozen with this in mind the bank can not revert the money back to your account that fast unless it is sure after proper investigation that the transfer was illegal, going forward i ask you to change your password and pin number effective immediately. adios |
PetrePan:it's in her pocket |
Waooooo,So Amosu is now the Governor of Oyo state too,That man dey try oooooo |
pressplay411:Even after so many years of work experience, i also goofed answering this type of question, so It's always good to have practised well before hand using your own words, |
send me a pm And i will give you a clue |
BUGOFF:send me a mail check my profile |
omoruyivictory:check my signature and send me a mail |
Venzal:can you send me the autoresponder magic please, thanks |
Chikelue2000:If the alleged criminals are not brought to justice, the money can't be spent because they are still regarded as exhibit and should government fail to win the case in court it has to battle the law to seek for confiscation of the proceeds. |
slurryeye:It is sad to hear a lot of people cry foul when they break the law, The law doesn't permit you to drive an unregistered car, but Sometimes you are temporarily allowed to move your car to your house as long as it is cleared at at any of the ports in Lagos however this is at the discretion of the Officer who apprehends you. The moral of the whole story is that DO NOT drive an unregistered vehicle unless you have a dealers license which permits you to do so |
skydiver:True word, i have got lots of Nigerian and Belgian friends and i tell you that they are very friendly people. |
ehie:Your observations are on point |
Bolustic: [color=#000099][/color]Technical people like myself use to believe that other professionals can't be good for a technical company, quite unfortunate, they don't teach us management in school, we can't read a profit and loss account, we don't know how to prepare budgets, we can't analyse an annual report. In short only very few engineers without proper management background will run a successful company, rather than complain let's raise the bar and ensure we do lots of management courses so that engineers are not sidelined on issues like this. |
rockstarB:Encourage him to get a Lawyer well versed in the entertainment industry, so That he won't be tied up in any contract, especially with the small Labels, On the Long run i will advise him to sign a one year deal with the small Label this will not make him a sought out artist with bigger Label alone but Would also be able to negotiate his contract sum, as an experienced artist, I hope my advice comes timely. adios |
INTROVERT:Yea, your own generation would prefer JJ Okocha, kanu etc, but We watched sooting Muda, uncle Sege the mathematician... that's why They say different strokes for different folks... abi |
INTROVERT:Yea, your own generation would prefer JJ Okocha, kanu etc, but We watched sooting Muda, uncle Sege the mathematician... that's why They different strokes for different folks... abi |
1 2 3 4 5 6 7 8 ... 10 11 12 13 14 15 16 17 18 (of 22 pages)

[color=#000099][/color]Technical people like myself use to believe that other professionals can't be good for a technical company, quite unfortunate, they don't teach us management in school, we can't read a profit and loss account, we don't know how to prepare budgets, we can't analyse an annual report. In short only very few engineers without proper management background will run a successful company, rather than complain let's raise the bar and ensure we do lots of management courses so that engineers are not sidelined on issues like this.