₦airaland Forum

egbonnla:
Most of the banks will not be able to refund the money because they simply don't have cash to back up the amount and their assets has been depleted. I am well informed to know that CBN has been writing reminders and threatening these banks with sanctions to return these funds, but they cannot give what they don't have.
Most of the funds came in when Naira was N165 to 1$ and the banks has used it for FX trading. Now it is N330 to 1$ and the forex is not even available. CBN cannot claim ignorance of the present circumstances of these banks. Now is the time for banks to re-strategized and assume their traditional conservative roles. The era of paying reckless salaries to their staffs and depending on government fund is gone.
In the next couple of months, I can see the collapse of half of Nigerian Banks. Difficult times are indeed here!

proeast:
I dont blame those that name their dogs buhari because the dullard's IQ is like that of a dog. He is busy chasing shadows while the economy continues on a free fall. What a shame!

– Ali Modu Sheriff has traced his emergence as the PDP national chairman to Governor Ayodele Fayose and “other Nigerians”

– Sheriff revealed that the governor called to inform him that he will be the next leader of the party


– Fayose said he threw his weight behind Sheriff because he could rebuild the party

Ali Modu Sheriff, the embattled national chairman of the Peoples Democratic Party (PDP) has revealed how he emerged as the party’s leader.

Sheriff who spoke during his visit to the PDP secretariat in Ekiti state on Thursday, March 17, noted that Governor Ayodele Fayose and “other Nigerians” worked for his emergence to rebuild the party and return it to its winning ways.

Sheriff stated that he was sleeping in his room when the governor informed him that he would be the next chairman of the party.

”Let me thank Governor Fayose for his efforts to keep our party on ground in Ekiti. It is God that makes a leader and that was why God commanded in Holy Bible and Qur’an that He should be allowed to choose a leader for the people.

"

“With what I witnessed yesterday, it was obvious that God chose Fayose for Ekiti people because of his popularity among them. He was taken to the prison and eight years after, he came back. People won’t be happy with the governor if he has not been fair to them,” Sherrif said.

Speaking during the visit, Fayose accused President Muhammadu Buhari of superintending over a super-corrupt government, while witch-hunting political opponents.

Fayose said he supported Sheriff to lead the party because he had the capacity to rebuild the party.


Read more: https://www.naij.com/768136-god-used-fayose-nigerians-make-pdp-chairman-sheriff-opens-photos.html

modath:
The criminals are aware but they were banking on the usual lengthy delay tactics but Bubu & CJN checkmated them...

As for their robotic supporters, those one have just menu in their programme...

" Get behind anything anti government even if it is anti National interest"

“Having regards to section 396(2) of the ACJA, the application can only be considered alongside the substantive issue and ruling delivered along with judgment on the matter. “Section 221 of ACJA said objection shall not be entertained during proceeding or trial on the ground that a charge is defective. The court can only entertain and make findings on the application at the end of the proceeding and ruling delivered when the matter is decided

boasting that he was the master of election rigger, adding that Amaechi cannot outdo him in the upcoming national assembly and state assembly re-run elections...