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Happy sunday

Learn all about Children Photography (secret Goldmine):
https://www.nairaland.com/5534258/children-photography-themed-photo-shoot-massive

Happy weekend

Happy weekend

Morkama:
Where did you do the photoshoot? It's just that my daughter's birthday is coming up, and I'd like to give her a photoshoot. The problem is that I can't decide on the choice of location and style of the photoshoot. My friend advised me to search for a place using location scout, but he didn't consider that I am offered a bunch of cool places, and I can't choose. My wife and I were thinking of doing a princess-style photo shoot. Our daughter likes to dress up in beautiful dresses and play with soft toys, pretending that they are her subjects.
I'm glad that my daughter has developed imagination, and I would like her to remain such a little princess for a long time.

We do our shoots in the studio and finish up in photoshop:
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Call/chat us: 08030822276
Hope to see you soon.

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Start date: 05-07-2021
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Tel: 08030822276. Book your shoot now!

Happy children's day!

Happy children's day.

Happy children's day

Mrviktor:
How much u go gimme.

Make I siddon on top dis match..

Na pk go end am

Prophet

oloriooko:
Isah needs to take hold of his emotions now that he's a public figure
Slapping a woman can crumble his career
I hope he doesn't regret this action for the rest of his life
(PS when did he apologise OP)

Nigerians Sha! If slapping an evil beast of a woman that set a child on fire can crumble his career then d evil witch deserves death sentence!

SkengRay:
i will like to know the price

155k

SkengRay:
Bro do you have Canon 90D

Yes

instagram: https://www.instagram.com/digipix_studio/Contact us now!

Happy weekend guys

Happy weekend

Happy holidays

Happy salah

Happy holidays

Happy sunday

TGIF

BrandSpurNG:
In the letter dated April 26, 2021, the Central Bank of Nigeria (CBN) stated, “Consequently, the company (Honeywell Flour Mills) is required to fully repay its obligations to the bank within 48 hours, failing which the CBN will take appropriate regulatory measures against the insider borrower and the bank.”
Insider lending is when a bank makes a loan to one or more of its own officers or directors.
Oba Otudeko serves as the chairman of FBN Holdings Plc, the holding company which owns First Bank. Otudeko also served as Chairman of First Bank until 2010 and is also the Chairman of the Honeywell Group.

While insider borrowing is legal, it is subject to several regulations. One such regulation is that insiders do not get any special treatment, incentive rates, or other benefits not offered to regular bank customers.

But the CBN is alleging that First Bank gave special treatment to Honeywell Flour Mills in restructuring its loan facility.

In the same memo seen by the CBN said that it has previously written to First Bank about its interests in the Honeywell Group. One big regulatory concern was Honeywell Flour Mill’s collateral for the loan facility.

According to the memo, “We further noted that in four years, the bank is yet to perfect its lien on the shares of Mr Oba Otudeko in FBN Holdco which collateralised the restructured credit facilities for Honeywell Flour Mills contrary to the conditions precedent for the restructuring of the company’s credit facility.”

In simple terms, First Bank does not have a binding document filed with the CBN that will allow it legally claim the collateral if there’s a default on the loan.

One report from 2017 claims that the loan facility is in the region of ₦75 billion and was non-performing before a recent restructuring. Yet, the apex bank is concerned that First Bank may not have performed its due diligence in securing the collateral for the credit facility.

The apex bank has also asked First Bank to divest its interests in Honeywell Flour Mills Group and Bharti Airtel Nigeria Ltd. Otudeko was named Chairman of Bharti Airtel Nigeria after the Group acquired Zain around 2010.

This order to divest from the apex bank has its roots in yet another bank loan involving Ecobank, Oba Otudeko and some Airtel shares used as collateral.

In 2013, a N5.5 billion loan facility given to Oba Otudeko’s Honeywell Flour Mills by Ecobank became the subject of litigation and is in fact still ongoing at the Supreme Court.
According to news reports, Otudeko’s Airtel shares were used as collateral for Honeywell’s Ecobank loan.

Yet, in an interesting turn of events, those same Airtel shares, as well as some Honeywell assets, were also used as collateral for the credit facility from First Bank.
According to one banking insider, “In a roundabout way, First Bank now owns the assets pledged to Ecobank.”

“So the same asset (Honeywell and Airtel) is allegedly pledged to Ecobank and none of the banks can move in on these assets. First Bank has an equity position while Ecobank has a debt position.”

But Otudeko and Honeywell’s loan are not the only issues at First Bank this week. In a separate memo, the CBN has also taken issues with First Bank over its recent announcement of a new MD/CEO.

On Wednesday, the Board of Directors of First Bank of Nigeria Limited said that it had appointed Gbenga Shobo as its Managing Director/Chief Executive Officer (CEO). Shobo’s appointment followed the news that the former MD/CEO, Dr Adesola Adeduntan, had retired.

But the CBN has now flagged that transition process and said it has no justification because Dr Adeduntan’s tenure has not yet run out, and there was no notification from First Bank to the CBN over the transition.

Given the pace at which the CBN reacted to these developments and demanded action on a 4-year case, one has to wonder how many more systemic infractions the regulator has overlooked and managed all this while.”

SOURCE:https://brandspurng.com/2021/04/30/cbn-asks-fbn-to-call-in-otudekos-honeywell-loan-facility-within-2-days/

Very unfortunate! Why would you want to kill your own business and render many jobless? Greed!