₦airaland Forum

Golan007:
E be like say padlock business dey sell.

Nnamdi hustle your kaya reach Ibadan side.

Peter pandora box

When will the Senate pass a law to this effect?

Abdul05:
How true is this? ................. before dashing into omoyeebo's propaganda newspaper...

Cos,

These guys are capable of any thing...

Na true maybe the cannibals took her to be eaten as christmas meat to be delivered to Mazi Kanustein in DSS.Na her clone dey for Niger Hospital,the original is in. Cannibals village Anambra wing ebulebu.

Morningblues:
Is this true. Pastor kumuyi raised a dead woman

He should raise Pastor Adeboye’s son.

Nkitara:
I need a skull for 2,500 bro. I know you won't fail me and I have my money on ground for this project

Go to biafraland,the land of cannibals for a menu of roasted head and thighs.

Explicit unfortunately they will queue behind Dodio Dan do dip descendant ,Atiku in 2023.Fulanis and Igboho deserve to be in the same country called Biaful or IDuful.

Catherine II[a] (born Sophie of Anhalt-Zerbst; 2 May 1729 – 17 November 1796[b]), most commonly known as Catherine the Great,[c] was the last reigning Empress Regnant of Russia (from 1762 until 1796) and the country's longest-ruling female leader. She came to power following the overthrow of her husband and second cousin, Peter III. Under her reign, Russia grew larger, its culture was revitalised, and it was recognised as one of the great powers of Europe.


https://www.youtube.com/watch?v=hNkNiL6cyOk

While Access Bank was the sole plaintiff; Robert Dyson & Diket Limited, SIO Property Limited, Odogwu, the Corporate Affairs Commission (CAC) the Registrar of Title Federal Land Registry and Leadway Trustee Limited were the first to sixth defendants respectively.

Plaintiff in arguing its case had placed glut of evidence before the court on how it granted various credit facilities to the 1st and 2nd defendants to finance the construction of the Luxury Collection Hotels and Apartments.

Significantly, in sync with valued corporate tradition, the various facilities were at various times restructured to ease the repayment of the loan facility but the 1st to 3rd defendants continue to refused or failed to meet their obligations, stating that the project site located at 31-35 Ikoyi Crescent, Ikoyi, Lagos and the Personal Guarantee of the late Chief Sonny Odogwu were used as collaterals for the facility.

Among the 20 reliefs sought by Access Bank then was that whether having regards to her colossal investment/financing of the sum of N26 billion in the 1st to 3rd defendants project and by the various agreements entered between plaintiff and the 1st to 3rd defendants to create a legal mortgage in favour of the plaintiff, a beneficial owner of the property on No 31-35 Ikoyi Crescent, Ikoyi, Lagos State, and the breach of the terms of the agreement by the 1st to 3rd defendants, the plaintiff is entitled to leave of court to foreclose and sell the affected property.

Delivering judgment in the suit, Justice Saidu held that the first to third defendants were in fundamental breach of the contract for the financing of the construction of the Luxury Collection Hotels and Apartments, having admitted “Indebtedness to the plaintiff in the sum of N10, 252,315,567.28 on the project finance facility as at December 20, 2011.”

More, the judge stated that where there was an admission of indebtedness by a party, the court could make an order for the sum admitted to be paid. “The following is very clear from the totality of evidence before me; that there are facilities granted and disbursed….the facts of these facilities were admitted in paragraphs 8, 10, 11, 13, 14, 15, 16 and 17 of the counter affidavit.

I have not seen anywhere in the pleadings of the 1st to 3rd defendants that they did not enter the contract as shown in exhibit DB3 with the agreed collateral being a third-party legal mortgage on the parcel of land located at No 31-35 Ikoyi Crescent, Ikoyi, Lagos State”, the court held.

Additionally, the learned trial judge held the first to third defendants have not produced before the court any evidence that any of the conditions for the grant of the facility was waived or demonstrated to the court how they liquidated their indebtedness.

His words: “With all the facts before me, I am satisfied that the first to third defendants who have admitted indebtedness has not shown how the indebtedness was liquidated.

“There are four probable methods of answering an allegation of indebtedness which are to admit the debt, deny the debt, to counter-claim against the debt and to set off against the debt. From all the facts before me the 1st to 3rd defendants have only admitted the debt but have not shown how the admitted indebtedness was liquidated. This court therefore has the power to grant an equitable relief of specific performance against the 1st to 3rd defendants to do what they have agreed to do by the contract.”

That leave is granted the plaintiff with the supervision of the Court’s Registrar to sell property situated at No 31-35 Ikoyi Crescent, Ikoyi, Lagos being the security for the sum of N26, 229,943,035.22 advanced by the plaintiff to the 1st to 3rd defendants for the development of the project called Luxury Collections Hotels and Apartments, the repayment of which facility, the 1st to 3rd defendants have failed, refuse otherwise neglected to make despite several demands.”

It could be regretfully recalled that defunct Diamond Bank Plc, an iconic bank comparable to Eastern Nigeria’s African Continental Bank (ACB), went under because of the recalcitrance of borrowers. After its formal merger with mid-tier rival Diamond Bank Plc., in April 2019, following due regulatory approval, Access Bank Plc. acquired all the assets and liabilities of the defunct banking entity. This positioned Access Bank to pursue recovery of all outstanding debts. It is certainly not shirking this crucial responsibility.

Recalcitrant debtors negatively impact the critical banking sector and defeat the essence of granting such facilities to aid business growth. For Access Bank, the lender in this instance, it is a costly project. The cost covers time for debt recovery and the need to make greater loan provisioning, which reduces profitability and capital resources for lending.

Clearly, banking remains a relationships business. For ages, banks have tried to leverage that relationship to grow and maximize shareholder return. Because of her emphasis on the long term, Access Bank Group, one of Africa’s largest retail banks by retail customer base with proven risk management and capital management capabilities have deployed both organisational cultural transformation to be ahead of completion.

This is why dodgy debtors must steer clear of accessing facilities from ACCESS Bank!

Significantly, a fact that many don’t know is that Access Bank Plc which acquired Diamond Bank some years ago takes no prisoners. It is a strict, law abiding, disciplined organisation and top-draw industry player that will deploy all requisite legal means to recover what is due to it.

It is highly unconscionable to borrow depositors’ money from a bank, to ostensibly enhance business growth but only to conceive strategies to evade repayment on the terms agreed. What is really in the DNA of folks or organisations which draw loans only to deliberately default in repayment? A new industry study suggests that borrowers who default on loan repayment terms may actually have no reputation to protect in the first instance.

It’s then not surprising that with gloves off, the no-nonsense managers of Access Bank Plc, led by its proactive CEO/Group Managing Director Hubert Wigwe, last week, went after the properties of late Chief Sunny Odogwu, over a judgement debt of over N50 billion.

The judgment debt in the bank’s favour was against late Odogwu and two of his companies – Robert Dyson & Diket Limited and SIO Property Limited – in respect of a property situated on No. 31-35, Ikoyi Crescent, Ikoyi, Lagos State, known as Luxury Collection Hotels and Apartments (formerly Le Meridien Grand Towers).

The property owned by SIO Property Limited of which the late Odogwu was the majority shareholder, was financed with a loan from the then Diamond Bank, now acquired by Access Bank. Curiously, the Odogwu family which had apparently opted for a game of hide and seek with Access Bank has now woken to the sheer folly of that course in the face of the bank’s resolute and principled footing.

It could be recalled that Justice Saliu Saidu of the Lagos Division of the Federal High Court in suit number: FHC/L/CS/1633/14, in November 3, 2015, found the late Odogwu and his companies guilty of breach of Bank-Customer Relationship and consequently ordered the sale of the property used as collateral for the loan sum of N26,229,943,035.22.

However, with a 20 per cent interest on the N26 billion judgment debt in the last six years the judgment was delivered, the total debt has now risen to over N50 billion.

The bank had in 2014, commenced legal action against the defendants at a Federal High Court, Lagos, following the failure of the defendants to meet their loan obligations granted in the financing of the Le Meridien Grand Towers, known as Luxury Collection Hotels and Apartments.

https://www.thisdaylive.com/index.php/2021/12/23/n50bn-judgment-debt-why-dodgy-debtors-must-avoid-access-bank-facilities/?fbclid=IwAR2cm9fXO0lL5-vrY1YrCj_ounKu2F_kcTUo5l5J-Gb2GQ61walBaiJNRhE

TUANKU:
He will be quickly replaced with a Hausa/Fulani judge the jihadists in power consider as sympathetic enough to the ongoing silent jihad.

That is not true,he will be replaced by someone from the SouthSouth since he is from Delta.

I have been at the swearing in of SC judges,the dead/retiring judge will be replaced by people from his region

https://www.youtube.com/watch?v=7cEZxzQOnF0

EMILO2STAY:
this is the family section of nairaland where you have more serious and matured minded people commenting. I will not say what I said if the info I am giving out is wrong, I am dead serious.

my purpose in life is to free humanity of the bondage of lies we have been fed. HIV was discovered in the 80s ,till date they say there is no cure but corona virus already has a vaccine? if HIV was contracted through sexual intercourse , more than 50℅ of every body today will have the virus.

do you know that kary mulis the inventor of the aids test said that his test kit is not a diagnostic for HIV? this fact is also confirm by the fact that HIV positivity varies from country to country. meaning that a positive HIV in Nigeria can be negative in America. I have seen this happen. the purpose for this is to give you the ARV which is what actually kills you and that is why it is given out freely.

so many people who test positive for HIV do not have HIV this is a fact.

what actually kills you is the ARV you are given to treat aids. that ARV contain azidothymidine or zidovudine. which was actually a chemotherapeutic drug for treating cancer in the 60s but it killed off every patient it was used to treat and so the drug was taken off the shelves bit was brought back in the 80s as a drug for treating HIV.

initially it was killing of patient treated with it but the dosage was later cut down so that it will take longer for it to kill off anybody using it to treat HIV.

dr Robert willner proved that no one can get HIV through sexual intercourse by injecting himself with the blood of people with aids severally and yet his HIV test result always came out negative.

Very true.There are some documentaries disproving the HIV-AIDS myth.It is all about the depopulation agenda.Corona virus is their latest baby to reduce the population to their desired goal of Crazy wacko globalists.


https://www.youtube.com/watch?v=7cEZxzQOnF0

BKayy:
This Ogun state is now a very scary place. If you happen to be with anyone from there whether indigene or non Indigene, whether an Afonja or a brother that went for business just watch out for your skull and organs. Almost everybody there have caught the mining fever.

Anything can be mined at any given opportunity so don't loose guard.

Nyanmirins brought skull minning into Yorubaland.Yorubas need to be careful of their nyanmrin neighbours/Yorubas married to nyanmirins because cannibalism is their trademark.

Golan007:
E pain them.

Na him company.

He can do whatever he likes with it.

He cant do whatever he likes with recruitment.He must recruit host from community.He must recruit 70% Lagos indigenes.

illicit:
Why does ipob eat people tho

Are they short of food?

Na Awolowo and Gowon do food blockade for IPOB �