₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,330,422 members, 8,445,422 topics. Date: Wednesday, 15 July 2026 at 02:22 AM

Toggle theme

CrownOfClay724's Posts

Nairaland ForumCrownOfClay724's ProfileCrownOfClay724's Posts

1 2 3 4 5 6 7 8 9 10 (of 73 pages)

PropertiesRe: My House-hunting Experience: See What Agents Did To Me by CrownOfClay724: 2:50pm On Jul 13
Oh.
How are the experiences so similar?!

My house is under water and I'm seriously looking for a new place.

I've been shown houses that looked like they were part-time poultries.
I've seen places that look like they housed a colony of unruly dibias until they were picked up — unceremoniously by Soludo dibia-hunting-brigade, leaving them no time to put the place in order.

I've been taken to places where the tfare to the express is 2k to and fro.
I've been shown houses that are everything but never in any way close to the darling I was shown on phone.
Agents have taken me to places where they in their right mind, cannot stay just to obtain inspection fee.

Friends are searching.
Family are combing for me too.
But for every reasonable house they manage to find, the price ensures that I don't bother going for inspection.

It's easier to find a wife in Lagos than to find a clean affordable apartment.
PoliticsRe: Forget The Roads—lagos Is Turning Its Lagoon Into A Highway by CrownOfClay724: 2:33pm On Jul 13
Laudable!

They should work on the costs though.
Water travel in Lagos is unreasonably priced.

I used to do Lagos to Ogun on the Lekki Lagoon— a journey of almost two hours for less than 1k.
But Ado/Langbasa to Ikorodu is averaging #2500 on a clear day for a 15minutes journey.

If it's affordable, it will become the norm too fast.
Christianity EtcRe: Catholic Archbishop Of Benin, Augustine Akubeze Is Dead by CrownOfClay724: 7:36am On Jul 10
Our very first Bishop in Uromi Diocese.
A honourable man through and through.

May his soul rest in the lord.
BusinessRe: Nigergrob Ceramics Ogun:What I Found In An Abandoned Factory Established In 1974 by CrownOfClay724: 4:01am On Jul 09
SixSeven:
Exactly what came to my mind. I am just surprised by the OP saying the 1993 person is that old grin


Nigergrob Ceramics Limited was a notable ceramic manufacturing industry located in Abeokuta, Ogun State, Nigeria. Established in the 1980s, the company became the subject of major Nigerian corporate and legal cases, including a landmark receivership case (U.B.A. Trustees Ltd v. Nigergrob Ceramics Ltd) regarding the extent of receiver and director powers. Financial distress and that litigation eventually led to its closure, turning it into a textbook legal authority for Nigerian corporate insolvency frameworks under the Companies and Allied Matters Act (CAMA).



Story of their death:
In the early 1980s, Nigeria was trying hard to build up its local industries. A company called Nigergrob Ceramics built a big factory in Abeokuta, Ogun State. Their plan was to make floor tiles, wall tiles, and bathroom sinks locally because the construction business was booming. To buy all their heavy machinery and set up the factory, they borrowed a huge amount of money from United Bank for Africa. The bank managed this loan through U.B.A. Trustees Limited. As security for the loan, Nigergrob signed a contract that gave the bank the right to seize the factory and all its equipment if they failed to pay the money back.


Everything started well, but the late 1980s and 1990s brought tough economic times. The national power grid became very unreliable. Ceramic factories need their ovens to run constantly, so Nigergrob had to spend a lot of money on diesel generators. At the same time, the cost of raw materials went up, and they could not find local technicians to fix their complex machines. Production stopped, and the company completely ran out of money. Since Nigergrob could not pay back its debt, U.B.A. Trustees stepped in, locked the factory gates, and hired a legal manager called a receiver to take over everything and sell it off to get the bank's money back.


The original owners and directors of Nigergrob refused to leave quietly. They took the bank to court, arguing that the bank had no right to strip them of their authority. This became a famous legal battle called U.B.A. Trustees Ltd v. Nigergrob Ceramics Ltd. The case went all the way to the Court of Appeal. The judges finally ruled that when a bank takes over a broke company, the bank's manager gets full control of the business and the assets, but the original directors still keep a few basic rights, like the power to fight the takeover in court. Sadly, while the lawyers argued for years, the expensive factory equipment just sat there and rusted. Nigergrob never reopened, and the factory in Abeokuta remains abandoned to this day.
Nigergrob Ceramics died because the bank seized their factory over unpaid debts, while severe power outages and a crashing Naira made manufacturing too expensive to survive.
Safe to say government ineptitude killed the company.
PoliticsRe: US Withdraws Troops From Nigeria After Counterterrorism Operation by CrownOfClay724: 7:55am On Jul 03
Nothing on ground have changed.
PoliticsRe: It Seem The Police Were Right, When They Stated That Those Guy's Were Vigilante by CrownOfClay724: 10:26pm On Jul 01
Lol.
This is only an infantile attempt at defending the indefensible.

The army do not even carry the kind of arms these ones were issued for the photoshoot.

Delude yourselves as you want.
I only feel for the hapless victims of the government's incompetence.
FamilyRe: Man Recounts Betrayal After Mother Secretly Collected His Salary For 5 Years by CrownOfClay724: 12:08pm On Jul 01
dawnomike:
This is crazily crazy!!! But, he's got to still forgive her!!!
Why should he forgive her?
PoliticsRe: Asari Dokubo Storms IYC Meeting With Gov. Douye Diri, Escorted By Armed Men by CrownOfClay724: 11:58am On Jul 01
Saturnalia:
I like Asari Dokubo - The Husband of the albino terrorist porn-star that is currently languishing in Sokoto and all his vacuous followers.
Breathe.
Be human for once.
CultureRe: Hausa-fulani Are One! Fulani Historian Rejects Separate Hausa Identity, Calls It by CrownOfClay724: 7:06am On Jun 30
Lol.
Fulanis are baby Zionists.
Jokes on the dumb Hausa leaders.
AgricultureRe: DID YOU KNOW? Dangote Cement Has Built An Ultra-modern Cassava Plant In Ogun by CrownOfClay724: 7:04am On Jun 30
Can we at least, see pictures of the project?
I don't want to see those faces.
PoliticsRe: Oluremi Tinubu And Akara: Details Of The Renewed Hope Initiative (RHI) by CrownOfClay724: 8:49am On Jun 29
naptu2:
Exactly! No sensible contributions to the topic, no deep reasoning, just nonsense.

It's exactly what I expected.
You can't contribute sense to senselessness.
You're asking for the ridiculous.
CelebritiesRe: The Olodo Uprising Is Terrible - Rapper Ycee by CrownOfClay724: 10:31pm On Jun 25
Chilota2:
Sha looking for something that will bring him back to the time line. Nonsense!
But where is the lie in what he said?
You feel attacked because you're in the demographic he highlighted?
Christianity EtcRe: This Is How Much Money Pastor Chris Makes From Christ Embassy Annually? by CrownOfClay724: 10:29pm On Jun 25
When you're done you should please tell us how much The Anglican, Catholics , Redeem et al are making annually cos e be like say you dey get headache for your leg.
PoliticsRe: 40 'repentant' Boko Haram Terrorists Shortlisted For 2026 Nigerian Army Recruitm by CrownOfClay724: 10:25pm On Jun 25
Flangelo12:
I resemble ya kindred.
The ones that were recruited before now, what did you do about them?
HealthRe: Diabetes Is About To Kill My Friend He Has Turn Skeleton I Need Help by CrownOfClay724: 8:56pm On Jun 18
MONEY247:
Nigerians are wicked...
Why not Post the solution here and let the healing process start....

I myself have posted remedies for various health problem....una go just dey turn turn person...

Y'all will answer before your Maker
It's because they have no solutions.
They're conmen trying to con an ailing man.
EducationRe: Lagos Police Commissioner Visits Pan-Atlantic University After Security Threat by CrownOfClay724: 6:55am On Jun 18
Openyamind111:
It’s a beautiful for morning again.. those who will never see good things in any situation of life.. it’s time for you to wail again..
What is the good thing about suspected Bandits scaling the fence into a secured elite university in the heart of safe Lagos?

If they succeed with two students there you think anyone will still care about the Ogbomosho people?

Una brain sef

1 2 3 4 5 6 7 8 9 10 (of 73 pages)