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BANK PHB TO RECAPITALISE SOONEST, OTHERS WILL FOLLOW TOO[color=#990000][/color]


The Federal High Court sitting in Lagos on Wednesday dismissed a petition brought by five shareholders of Bank PHB Plc seeking to stop the recapitalisation process of the bank.



The court, presided over by Hon. Justice Charles Archibong, upheld Bank PHB’s and the Central Bank of Nigeria’s preliminary objection to the action of the shareholders, accepting the bank’s argument that the shareholders’ action was incompetent and premature, and accordingly dismissed it.



A statement made available to our correspondent said Bank PHB and its directors were represented by the joint firm of Aluko & Oyebode and Udo Udoma & Belo-Osagie, while the CBN was represented by Kola Awodein & Co.



The statement said, “With this judgement, Bank PHB will move speedily towards consummating its recapitalisation deal with the preferred strategic investor and the Asset Management Corporation of Nigeria.”



The bank was close to executing its Memorandum of Understanding with its preferred investor when a high court granted the injunction barring the bank, its directors and the CBN from proceeding with the recapitalisation process.





http://www.punchng.com/Articl.aspx?theartic=Art201106091401768

I DEY LAFF O,

@IICE WHY NOT SEND HIM A CONCRETE PROOF, LIKE A PIX SHOWINHG YOUR,

MAKE I NO TALK SHA

SOURCE IS -

http://www.vanguardngr.com/2011/06/pdp-accepts-tambuwal-ihedioha/

*Asks Tambuwal to carry party along in appointments
*Forgive us, our election was designed by God - Tambuwal
*S-West leaders reject him

BY EMMA AZIKEN, CLIFFORD NDUJIHE, HENRY UMORU, BEN AGANDE and INALEGWU SHAIBU

BARELY 24 hours after the national leadership of the Peoples Democratic Party, PDP, said it could not congratulate Speaker Aminu Waziri Tambuwal for dumping the zoning arrangement of the party, the leadership of the party, yesterday, made a U-turn and stressed it readiness to work with him.

Speaking yesterday when he received Speaker Tambuwal and his Deputy, Emeka Ihedioha at the National Secretariat of the party, Acting National Chairman, Dr. Bello Haliru Mohammed, urged the leadership of the House to ensure that the party was carried along in the appointment of other key officers of the lower legislative chamber to ensure that other geo-political zones in the country had a fair deal.

The U-turn was on the heels of President Goodluck Jonathan’s congratulation of the lawmakers on their election.

“Now that what has happened has happened, the remaining positions in the House, you should allow the party to look at how we can balance it so that the other zones are taken care of before we come back to you to give you the chance to lead your people in electing to reflect balance in the leadership of the House. Thank you very much for this visit, we accept your apology,” Mohammed.

The turnaround, which is expected to boost internal harmony in the ruling PDP, came as Tambuwal took steps to reassure President Jonathan of the support of the legislators just as the South-West Leaders Forum yesterday rejected the election of Tambuwal, describing the process as a cheat to the people of the zone, saying it was a wake up time for the people of the West to rise against what it described as near political oblivion.

PDP ‘ll work with Tambuwal — Mohammed

Apparently dismissing fears that the PDP would move against Tambuwal and Ihedioha, the party chairman said: “I can assure you the party will work with you. The government of Nigeria, under the leadership of President Goodluck Jonathan, will work with you. And we will make sure that the government work with you so that the mutual cooperation that we have developed in the last 12 years will continue.

The PDP has a majority both in the Senate and in the House. Therefore, the people of Nigeria will not forgive us if we do not use this majority to work for the development and transformation of Nigeria within the time available to us.


Speaker Taminu Waziri Tambuwal (left) with Deputy Speaker Emeka Ihedioha at National Assembly.
“Therefore, the party will like you, like you have said in your address and we welcome that statement, to work closely with the government so that PDP programmes will be delivered to the people of this country.”

Forgive us – Tambuwal
Speaker Tambuwal, who arrived the National Secretariat with his Deputy, Ihedioha, at 1.50 p.m, went straight to the Chairman’s Conference room where they met members of the National Working Committee, NWC, pleaded for forgiveness, describing their emergence as God’s design.

He noted that prior to their election, they made themselves unavailable thereby giving the leadership of the party sleepless nights.

His words: “Mr. Chairman, we are not unaware of the fact that in the course and process of the emergence of the leadership in the House of Representatives, so many things were informed. It came to a point our dear fathers, our leaders in the party, were looking for their children and said we were missing even though we were not exactly wanted, because we know that we are beloved and loved by our party, we knew that we actually gave you sleepless nights.

“As your dear children and as loyal members, we are here this afternoon to give you your due respect and to say here and now that all that we did was not intended in anyway, to either undermine our party or out of disrespect to our party. It was a share coincidence of that history of this country and destiny and providence had it that from the inauguration of the Seventh National Assembly, House of Representatives in particular, Aminu Waziri Tambuwal from North-West and Emeka Ihedioha from South East, contrary to the hope and aspiration of our party will emerge as speaker and deputy speaker.

“It was designed by God, it was not designed by us. We are pleading with our party to forgive whatever it was that went wrong in the process and continue to accept us because I know that we have not been rejected as your children and continue to guide us in doing only those things that will promote the unity, harmony prosperity and peace of this country.

“Mr chairman, I and my deputy are here to assure you and indeed the party, through you, Mr. President, the head of our government, that we shall give our government maximum cooperation, towards ensuring that all the laudable programmes of our party are implemented through good legislation that will come out of the House of Representatives in collaboration with the Senate. We assure you that we shall give cooperation and every support to Mr. President and the Government so that our party can deliver on its promises to the electorates. As I said earlier on Mr. Chairman, we seek for your understanding. We seek for your forgiveness, we hereby apologise.”

You’re forgiven, but …

Responding, the acting national chairman, said: “Mr. Speaker you are welcome to your home, the headquarters of the party. You are right, we are not very happy with you at this moment. We are quite aware that you and your colleagues in the House did not quite work in line with the policy of our party. But you have not left the party, what has happened has happened, it is a surprise to us. We are not quite comfortable, but we have not rejected you.

“And PDP, being large party, and a collection of different mindsets, we are used to crisis in the affairs of our party. We believe in different views and like we said in our statement yesterday (Tuesday), we believe in free choice, for all Nigerians including members of the National Assembly. What has happened may be a breakdown in communication between members of the party and this will not be for the first time.

“Fortunately, PDP is a versatile party, and we have got the organisation and the strength to weather all our problems and to work our solutions to whatever misunderstanding that arise within the family. The election of Speaker has happened, I am glad it was free and fair because we observed it even though it didn’t go according to the dictate of the party. We are faced with it a fait accompli.

What remains now is for the party to use our usual dispute resolution mechanism, to work out the way forward. All we want is peace and stability in this country. That is why PDP arrived at zoning.

‘’I am sure Mr. Speaker, your election will not mean the end of zoning. Because even if we don’t take zoning as a policy, PDP is a party of equity and fair play. And equity and fair play demands that of the major positions, at the party and the government, each section of this country should have at least one position or the other so that we can achieve peace and stability.”

Tambuwal moves to reassure Jonathan

As part of the peace and reconciliation moves, Speaker Tambuwal has initiated moves to win the confidence of President Jonathan. The presidency and the hierarchy of the PDP opposed his emergence as speaker.

Alongside his deputy, Ihedioha and a number of members of the House of Representatives, the Speaker on Tuesday night met with Chief Edwin Clark, elder statesman and confidant of the President during which the two men assured Clark of their determination to cooperate with the executive arm of government.

“The Speaker denied reports in some quarters that he was sponsored to cause problems for the President as part of a broader objective of distabilising the government,” a source present at the meeting disclosed.

Speaker Tambuwal, it was learnt, further told the elder statesman that he could not inspire a rebellion against President Jonathan being that he had also been a friend of some close associates of the President.

Chief Clark while welcoming the members lauded their gesture and advised that every unit of government should work together for the benefit of the citizenry.

S-West leaders reject him

According to the group, a meeting will be held soon where a position would be taken on the unfolding political scenario, adding: ‘’It is against this background that we like to appeal to members of our party in the South-West to remain calm against the background of this emerging bitter reality, just as we feel that time is ripe for the zone to retreat to the drawing board to take stock with a view to projecting for the future.

“We feel that the turn of event serves as a wake up call for us in South-West PDP to start the process of re-building and re-strategising, realising that the time to start mobilising for re-awaking and re-positioning of PDP in the zone is now.

In a statement signed by former Deputy National Chairman of the PDP, Alhaji Shuaib Oyedokun, Ambassador Tunde Adeniran and Otunba Fasawe and entitled: ‘’PDP, South West and need for political re-orientation,” the group said: “We believe strongly that the principles of equity, fairness and democratic justice demand that the systematic relegation of South-West zone in national politics should be considered and addressed by the leadership of the PDP at the national level. Thus, we call on leaders of PDP not to tarry in taking the necessary steps towards appeasing the aggrieved south-west zone as a consequence of the sad turn of events.

“This is germane, politically-expedient and fundamental simply because the South-West deserves to have a sense of belonging in national affairs, much as it desires to be part of the PDP family and sustain its relevance in national politics.

‘’We are of a strong view that the zoning of the speakership position to the South-West was a testament to the resolve by our party to continue to offer the zone its fare-share in power distribution, while maintaining a sense of fairness and equity in its political considerations. Members of PDP in the South-West zone took the party’s decision with open arm and then eagerly looked forward to a good actualisation of the zoning formula as agreed to by the PDP.

‘’It was, however, to the utter shock and embarrassment of members of PDP and the people of South-West that the House of Representatives on Monday, June 6, 2011 resolved to dump the zoning formula and wilfully subverted the party’s position on zoning for no appealing and compelling reason.”

MY LIFE (FOR REAL)

AND MY DICKKK!! FOR FUN

LOLLLLL

FOR ME I THINK WE ARE IN TROUBLE AS MESSI,TEVEZ ETC WILL PLAY, HOPE ENYEAMA IS RAEDY TO SAVE US AGAIN?


By Ben Efe
Bangladesh’s football federation president, Kazi Salahuddin said Wednesday that top Nigerian and Argentine stars must play in the September 6 friendly billed for Dhaka.

Salauddin confirmed that the contract signed with both the Nigeria and Argentina federation made it mandatory for all their top players to be present for the game.

“Our $4 million contract with both sides says the Argentina team must include Messi,” he said, referring to the Barcelona attacker and world player of the year.

“The sight of Messi playing on our soil will be the best thing to have happened to Bangladesh football in many years. It will prompt a lot of boys to play football,” he predicted.

The match in Dhaka “isa FIFA-approved international friendly. “It’s not like the Abuja match in which Nigeria took on an Argentina B side,” Salauddin said, referring to a match last week.

“It will be a competitive game with no chance of any betting or fixing,” he said, adding that suggestions the match might be fixed were “rubbish”.

The Bangladesh game has been organised by India-based firm Celebrity Management Group, who have also set up a match between Argentina and Venezuela in Kolkata on 2 September.

NFF spokesman Ademola Olajire confirmed yesterday that the Eagles will travel to Dhaka to honor the match.



//www.vanguardngr.com

@SNOWDROPS, Just read your comment now.

i agree with you,

LATEST INFO,

Port Harcourt-Security operatives in Rivers State have intensified effort to secure the release of five corps members allegedly kidnapped at Ikwerre Local Government Area of the state.

A source in the National Youth Service Corps, NYSC, who spoke to Vanguard on the issue, said the corps members were on their way from a school in Omademe community in the council, where they had gone to inspect a library project they donated to the school as part of their community development service when they were abducted.

According to the source, the corps members were driving in their colleague’s car, when the incident occured. He said those kidnapped were four females and a male. The source added that there had been no clue at press time on their whereabout.

The state Police Public Relations Officer, Mr Ben Ugwuegbulam, confirmed the abduction, adding that the police was on top of the situation.

This is not the first time corps members would be kidnapped in the state.

It will be recalled that a similar incident occured last year. It took the intervention of the army and other security forces to secure the release of the five corps members, who were taken hostage and then moved to a community in Abia State by the kidnappers.

Meanwhile, some unknown gunmen, yesterday, opened fire on another police patrol team on Aba Road.
It was not clear whether any of the policemen died but eye witnesses told Vanguard that some of the policemen were rushed to an unknown destination, apparently to a nearby hospital.

When Vanguard called the state Police Public Relations Officer for comment on the development, his phone rang out several times.

PLEASE IGNORE KOBO JUNKY, She breathes butane gas, ALWAYS HIGH!!! TALKING TRASH, EVERYDAY[b][/b]

Funny enough sha,,,

lollll, Shame on PDP.



ABUJA – SHOCKED by the dumping of  its zoning formula and the emergence of  Aminu Waziri Tambuwal as Speaker at  the election of principal officers in the House of Representatives , yesterday, the leadership of the Peoples Democratic Party, PDP, has  said that  it cannot congratulate the newly elected speaker.

According to the Party, it became imperative not to congratulate him because consultations were still on with leaders of the party,  National Assembly leaders and other stakeholders.

In a statement, Tuesday, by the National Secretary of the PDP, Abubakar Kawu Baraje, the Party noted that , consultation is on course and the party will soon come up with its position.

The statement read, ‘’the National Working Committee of the Peoples Democratic Party (PDP) notes with great concern the unfolding developments in the House of Representatives especially the outcome of the election of principal officers on Monday, 6th June 2011.

‘’While the Party believes in, and indeed encourages the exercise of freedom of choice for all Nigerians including members of the National Assembly, it is important to reiterate that the principle of zoning is still an integral part of the PDP Constitution.

‘’The idea of zoning is a well thought-out philosophy for National stability and integration. It is the only guarantee that every segment of Nigeria enjoys a sense of belonging by being represented in all the decision making organs of the government of Nigeria.

‘’Consequently, prior to the election of Principal Officers that took place in the Senate and the House of Representatives on the 6th of June 2011, the NWC in collaboration with other decision making bodies of our Party made spirited efforts to build a consensus around the zoning formula. ‘’The NWC is currently consulting other organs of the Party to re-assess the entire scenario and will come up with an appropriate policy in due course.’’

Tambuwal, who hails from Sokoto State, North-West was massively elected as Speaker with 252 votes compared to 90 votes garnered by government and PDP-backed Mulikat Akande-Adeola, who hails from the South-West.

http://www.vanguardngr.com/2011/06/zoning-why-we-can%e2%80%99t-congratulate-tambuwal-pdp/

Eko ile, no response justify your pay na

madam eeeeeee!!!!!

OHAKIM HURRIEDLY TOOK THE DECISION BEFORE HIS BOYCOTTED RE -ELECTION AND WOULD ACCOUNT FOR SAME.

Just watch out and see more facts evolve,

you are being emotional here abeg. compare the short period with that peculiar with the real civil service jobs.

IN 99 I GOT A CIVIL SERVICE JOB IN BY, A YEAR AND HALF AFTER MY INTERVIEW IMMEDIATELY AFTER SERVICE.I DID IT FOR 2 MONTHS AND LEFT BY.

EARLY 2000 GOT WAEC SUPERVISORY JOB A YEAR AFTER I WAS SHORTLISTED, I AM NOT THERE NOW TOO.

How then can Ohakim voodoo us.

MIND U, EXECUTIVE AND EXPEDIENT ORDERS ACN PROMPT IMMEDIATE EMPLOYMENT AND REDUCE THE SPAN, BUT NOT THIS 10000 JOBS,

It may taKE JUST A WHILE BEFORE WE GET TO THE HELM(NO 1) BUT QUOTE ME WE CANT BE LESS THAN SECOND

Mind you, Graet minds are also emanating and would take Naija be suprise, we would play the game, we are laying the foundations now.

But at no time can the IBOS be neglected in naija, DEM NO DEY FEAR?

If you are into politics of recent check out and see that all alliances involved an ibo man as the second position.

Tambuwals and akandes deputies for instance

The process was too short o and that is why many suspected it as fraud, They interviews were held around aug/sept while some set resumed aerlier than december ending, the others were sniffed in sporadically between january and february,

as we speak now, the youths have distorted proceedings at the house of assembly After they marched to the HEAD OF SERVICES office.

The issue will be revisited though, OHAKIM DIDNT HAVE ANY 10 000 JOBS AND AS SUCH DIDNT NEED TO DE FRAUD THE YOUTH OF IMO STATE.

Except they would be ready to be owed as the sate is in a debt of 100billion and over.

OHAKIM IS A BASTARD,

I leave you in your comments,
but i emplore you to conduct your researches well and see if it tallies with what you have quoted above.

or visit the imo state web.

lets not derail the thread pls,

PRESIDO-SOUTH
VP-NORTH
SP-NORTH C
DSP-EAST
SP HOUSE OF REP-NORTH
DEP SPEAKER HOUSE OF REP-EAST
PDP CHAIRMAN-NORTH
SEC OF THE FED-EAST



NOW WHO IS LOSING!!!!!!!

LMAO, ONE NIGERIA SHA!!!!!

No need arguing my dear!
i agree to what you have said.
ride on, make we for for state argument and internet war.
lol!!!!

Yes it does, if really you dont jump the gun.
As usual back doors acn be easier and leads to issues.

NOW NBS AND NAFDAC RECRUITMENT IS ON LIKE I LEARNT, MONITOR AND SEE THE DURATION BEFORE ANY ONE IS EMPLOYED,

balnk u harsh o!!

lmao!!!

See me see confusing and contradictions.

Please how does the below relate or proves your former lies and my previous lectures to you?(You are jumping to anoda topic cos u have learnt right?)

Hey no Name calling here, For u'r information I'm original Igbo man. that knows the tradition of my people. Ask your father he will tell you that we don't marry a woman off with pragnancy. And if a man marries a woman and they seperates or divorces without returning the bride price. If the woman remarries any child born of her new marriage belong to her first husband. because the bride price have not been returned. athough due to a lot reasons pple kind of play dowm on this.




[b]mind you, the above you said is a very very pure lie, RE MARIIES AND GIVES BIRTH, THE CHILD BELONGS TO THE OLD HUSBAND
Who approves her re marriage in the first place? and wont there be modalities before remarriage in a place where the previous husband is still alive??OGA YOU ARE JUST A CITY BOY WHO HAS FORGOTTEN TRADITIONS.

Also note that a woman bride price isnt paid when she is pregnant, but should she die in preganancy , the husband to be would do the marriage rite before headways can be made.

In this case , WAS GENNY EVER MARRIED TO THAT GUY? DID THE GUY COME AFTERWARDS TO MARRY HER OR DENIED SAME?IF YOU ANSWER THE ABOVE, PLEASE TELL ME NOW, WHAT DO YOU TAG THE CHILD MATRIMONIAL OR BASTA, ?

Oga oga, me na ichei o![/b]Culture in ibo land differ but SLIGHTLY.