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Nairaland Forum / Bizbone's Profile / Bizbone's Posts
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TV/Movies / Re: Heey by bizbone(f): 1:57pm On Nov 24, 2009 |
@POST GUY GO LOOK FOR SOMETHING BETTER TO DO |
Education / Re: Police Arrested 200 Lasu Student Over Riot by bizbone(f): 12:14pm On Nov 19, 2009 |
@ post (We are tired of staying at home; many of our female colleagues are now pregnant). if after 6 month of closue and most girls female in lasu are pregnant i wonder what will happen if it's closed for 1year? |
Jobs/Vacancies / Transolve by bizbone(f): 9:17am On Oct 16, 2009 |
please house does any body know what TRANSOLVE is all about and there salary structure. |
Jobs/Vacancies / Arins Investment Optns Ltd by bizbone(f): 8:29am On Oct 12, 2009 |
Good day house, pls does any body know who ARINS INVESTMENT OPTNS LTD is? They sent me an sms for an interview today 12/10/2009 @ kayode street lagos. please i need to know so as not to fall for a scam. |
Jobs/Vacancies / Press Release------cbn Circular On The Sacked 5 Banks Md And Executives by bizbone(f): 11:57am On Oct 05, 2009 |
PRESS STATEMENT ON OUTCOME OF SPECIAL EXAMINATION OF 14 BANKS In furtherance of the Central Bank of Nigeria’s statutory duty to ensure a sound financial system in the country, the Governor of the Central Bank of Nigeria (CBN) ordered the Special Examination of all the 24 banks operating in Nigeria. The result of the Special Examination of the first set of 10 banks was made known on 14 August 2009. The CBN wishes to announce that the joint CBN-NDIC examination teams have completed the Special Examination of the remaining 14 banks— and as such the books and affairs of all 24 banks in the Nigerian banking system have now been examined. The Special Examination primarily focused on assessing the health of the banks with particular focus on liquidity, capital adequacy and corporate governance. After a review of the findings of the Special Examination report in respect of these 14 banks, the CBN has come to the following conclusions: The following nine (9) banks were found to have adequate capital and liquidity to support the level of their current operations and future growth: 1. Access Bank Plc 2. Citibank Nigeria Limited 3. Ecobank Nigeria Plc 4. Fidelity Bank Plc 5. First City Monument Bank Plc 6. Skye Bank Plc 7. Stanbic IBTC Bank Plc 8. Standard Chartered Bank Limited 9. Zenith Bank Plc The 10th bank – which is Unity Bank—was adjudged to have insufficient capital but not in grave situation because it has a healthy liquidity position. The remaining four banks were found to be in a grave situation: 1. Bank PHB Plc; 2. Equitorial Trust Bank Ltd; 3. Spring Bank Plc; and 4. Wema Bank Plc. 2 After a careful consideration of the matter, and in exercise of the powers conferred on him by Sections 33 and 35 of the Banks and Other Financial Institutions Act 2004, the Governor of the CBN, by order in writing, has taken a number of measures aimed at arresting the grave situation of these four banks. The measures are: a) The removal of the Managing Directors of Bank PHB Plc, Equitorial Trust Bank Ltd. and Spring Bank Plc and the appointment of new Managing Directors for these three banks, namely: 1. Mr. Cyril Chukwumah for Bank PHB Plc; 2. Mr. G.O. Folayan for Equitorial Trust Bank Ltd; and 3. Mrs. Sola Ayodele for Spring Bank Plc. b) The removal of all Executive Directors in Bank PHB Plc, Equitorial Trust Bank Ltd and Spring Bank Plc. New Executive Directors will be appointed for these banks in due course. c) The removal of all Non-Executive Directors in Spring Bank Plc. d) The removal of Dr. Mike Adenuga, jnr., CON, as a Non-Executive Director of Equitorial Trust Bank Ltd. e) The order to the board of Wema Bank Plc to recapitalise by 30 June 2010. It is noted that Wema Bank Plc came under new ownership and management in June 2009 who took over a bank already in a grave situation and should not be held responsible for the present condition of the bank. The CBN will work with the Bank to ensure a successful completion of the recapitalisation exercise. f) The provision of a total of N200 billion by the CBN as liquidity support and long term loans for the four banks adjudged to be in a grave situation to enable them continue normal business, while pursuing recapitalisation options. g) The order to the board of Unity Bank Plc. to recapitalise by 30 June 2010. It is noted that Unity Bank Plc was adjudged to have insufficient capital for its current level of operations but was adjudged to have a healthy liquidity position and with no indication of poor corporate governance practices. The CBN has therefore exercised its powers under Section 13.3 of BOFIA to order the Board of Unity Bank Plc to recapitalise by the said date and the CBN will continue to monitor this situation. In addition, the CBN will assist the five banks with insufficient capital in their loan recovery efforts, just as it did with the previous five. The CBN is happy to report that as 3 at 25 September 2009, the five banks had recovered more than N110 billion of previously non-performing loans. The CBN reiterates its commitment to stand by all Nigerian banks and work with their respective boards, management and other stakeholders to restore the stability of the financial system and thus ensure that our banks are able to effectively play their role in economic growth and development. In furtherance of the commitment of the Federal Government to the growth and stability of the financial system, His Excellency the President of the Federal Republic, President Umaru Musa Yar’ Adua has directed the Honourable Minister of Finance and the Central Bank Governor to liaise with the Attorney General of the Federation, the National Assembly and other relevant stakeholders with a view to fast-tracking the process of establishing an Asset Management Company. The formation of this company should facilitate an improvement in banking sector liquidity, protection of the earnings of banks from further erosion and a reduction of the debt overhang on the capital market and its participants. This should provide a muchneeded fillip for the revival of the Nigerian Capital Market. With the conclusion of the bank audit exercise, we have come to the end of the first phase of the process of restoring financial sector stability. Ongoing action will focus on building capacity within the regulatory regime; fast-tracking the implementation of riskbased, consolidated and cross border supervision frameworks; easing the flow of credit, particularly to the real sector of the economy; improving governance structures and practices in the financial services sector; and improving confidence in the economy in general. HEAD OF CORPORATE AFFAIRS CENTRAL BANK OF NIGERIA |
Music/Radio / Re: Terry G's Album - Ginjah your Swaggah Season 1 Is Out!!!!!! by bizbone(f): 9:19am On Sep 25, 2009 |
i can't shout the album is too much. hv been listening 2 it since yester nite. |
Jobs/Vacancies / Re: Graduate Recruitment @ Kaplan by bizbone(f): 3:12pm On Sep 09, 2009 |
wat of those that don't leave in abuja can hey apply. |
Politics / Re: What Should Account Holders Of The Five Banks Do? by bizbone(f): 8:21am On Aug 19, 2009 |
Marymos:young man what is your intention?why this kind of topic? do u want people to panic? |
Politics / Re: 3 Of The 5 Bank Chiefs Arrested by bizbone(f): 8:09am On Aug 19, 2009 |
nigeria with their series . |
Car Talk / Re: Installmental Payment Plan For Cars by bizbone(f): 3:03pm On Aug 18, 2009 |
go to your bank and ask for a Car Loan. |
Music/Radio / Re: 2Face exploring the idea of legal actions... (links 2 pics with mary j) by bizbone(f): 4:46pm On Aug 12, 2009 |
u are right my brother.baba as taken nigerian music to the next level were it can be cmpared with those international stars too. blinx: |
Music/Radio / Re: Ikechukwu & D Mo'hitz Crew: by bizbone(f): 1:14pm On Aug 11, 2009 |
nothing can be better than that for him. |
Music/Radio / Re: 2Face exploring the idea of legal actions... (links 2 pics with mary j) by bizbone(f): 9:37am On Aug 11, 2009 |
whether u like it or not 2FACE still remains the GOD FATHER of HIP HOP music in nigeria. if not for is boldness to leave the PBOIZ i wonder when the break thru would have come into nigerian music. 2FACE proved to lots people that u can make it in music compared to then. YES am a FAN of Dbanj but i if not for 2 Dbanj and the others wouldn't have come down to nigeria to see if they can also make it. 2 is blessed with the voice of good musice any track he touches is an hit track. then why do we want to destroy him. remember he is an human been like u and i and he is bound to have short comings. R kelly had scandals in is country on various time but still his people do not tranish him like we do. lets allow the guy to be. |
Politics / Re: Tinubu And Fashola At Loggerheads ! by bizbone(f): 8:55am On Aug 10, 2009 |
xviconcept:thats all it is rumour from a carrier. |
Jobs/Vacancies / Re: Callredux Acceptance by bizbone(f): 2:18pm On Aug 07, 2009 |
but Glo-Redux:the problem is why must i pay money before i can be given a package that i beleive i represent? it states that we should sent all required forms via UPS.we have started incurring expenses in an organisation that as not been recognised. plesae if you are one of there staffs tell them to reverse some of their conditions. |
Politics / Re: Bank Teller Loses His Job For Trying To Stop A Robber: by bizbone(f): 8:15am On Aug 07, 2009 |
the guy is a dummy putting others life in danger. who does he think he is? superman. if it were to be in NIGERIA it would have been something else. |
Jobs/Vacancies / Have You Ever Felt Dying Is A Solution by bizbone(f): 9:46am On Aug 06, 2009 |
have you ever felt dying is the only solution to a problem? |
Politics / Re: Amnesty: Militants Demand N3bn For Arms by bizbone(f): 1:34pm On Aug 04, 2009 |
I read this topic and couldn't help but say that a time is coming when this militans will dictate who the president of this country will be. What is the use of going to school when you know if you become a militan the you can hold the whole country hostage under the pretend of fighting for a course and at the end of the day demand for 300k AK rifle and an apartment payable within 10years using the FG as collateral. nigerian as lost alot of money as a result of there damages on the oil sector and still they are demaning for a comfortable life. i know that the next election will , |
Jobs/Vacancies / Re: Savannah Bank Is Calling by bizbone(f): 12:58pm On Jul 24, 2009 |
tayoTFC:i support u they are all scamers. house beware. |
Jobs/Vacancies / Re: Savannah Bank Is Calling by bizbone(f): 10:22am On Jul 24, 2009 |
@nunuyemi do u have any infor on the so called list that is out |
Jobs/Vacancies / Re: Savannah Bank Is Calling by bizbone(f): 8:18am On Jul 08, 2009 |
were u sent an sms or did u check online? Michael78: |
Jobs/Vacancies / Re: Savannah Bank Is Calling by bizbone(f): 9:36am On Jul 07, 2009 |
freeyemi:freeyemi how did you check online? |
Jobs/Vacancies / Re: Help Wanted For Experienced Bank Worker by bizbone(f): 11:07am On Jun 30, 2009 |
i thought access bank pays very well? |
Jobs/Vacancies / Re: Cvs For Debt Recovery Candidate Needed At Gta by bizbone(f): 9:01am On Jun 23, 2009 |
tell us is it full staff or contract?how much are they willing to pay? are u a staff there? |
Jobs/Vacancies / Re: Cvs For Debt Recovery Candidate Needed At Gta by bizbone(f): 8:46am On Jun 23, 2009 |
GTA and their contract staff jobs, how good is this one and also i heard they don't treat their contract staffs well? |
Jobs/Vacancies / Re: FIRS Salary (Federal Internal Revenue Service) by bizbone(f): 12:49pm On Jun 03, 2009 |
when is this vacancy and were is there ad. |
Jobs/Vacancies / Afribank Insurance Brokers by bizbone(f): 4:07pm On Jun 02, 2009 |
house did any one write AFRIBANK INSURANCE BROKERS TEST that took place in october. i need to know cause i did the test and interview and since then no respond. |
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