₦airaland Forum

Cant we have a chatroom on nairaland where we can chat LIVE wit fellow NLanders online at that time?Seun what do u think

Nigeria being the graft board!A picture is worth more than a thousand words!

When The Head of a fish is BAD/SICK/SPOILT DEFINATELY the whole fish is rotten.Nigeria is like a rudderless ship just drifting without direction.God Help This Country!

OCEANIC Bank International Plc paid N225m to companies owned by the sacked managing director, Mrs. Cecilia Ibru, as rent for her Ikoyi mansion, where she lives, investigations have shown.

Investigations showed that the bank paid about N5.6bn as rent for branches and unutilised guest houses owned directly by Ibru or her associates.

Our correspondents learnt that the bank maintained 115 guest houses across the country, including an “executive guest house” at 20, Queens Drive, Ikoyi, Lagos, alleged to be Ibru‘s personal residence.

For Ibru‘s residence, the total amount paid for a five-year lease, beginning from October 25, 2008 was N88m, paid to Ogekpo Estate Managers.

A document obtained on Wednesday, showed that the bank also paid N137.5m to Casi Properties Limited for another five-year period, for the former managing director‘s residence, beginning from October 25, 2012 to September 25, 2017, bringing the total amount to N225m.

Ibru was said to have also received a hefty housing allowance during her tenure.

The bank, according to the document, is also paying heavily for 20 buildings owned mainly by Ibru‘s companies, being used as business locations in Lagos, Delta and Abuja.

It paid N80m to Casi Properties Limited, owned by Ibru, for a property at Block D33, Games Village, Abuja; while N60m (10-year lease) was paid to Ogekpo Estate Managers for an executive guest house at Ndanuba Street, Maitama, Abuja.

Ibru, according to the document, also occupied the guest house.

Another N33m was paid to Ogekpo Estate Managers on a two-year lease, commencing from August 25, 2009 to January 2011, for a property at Ali Akilu Crescent, Asokoro, Abuja.

The bank‘s Apongbon branch at 60, Marine View, Apongbon, Marina, Lagos, owned by Dele Oye and Associates, costs N1.243bn for five years, among others.

According to law enforcement sources, the agency fees also went to companies owned directly by Ibru, and in some cases, by her associates.

A source in the bank, who spoke on the condition of anonymity, said that apart from the fact that the rents, in most cases, were far above industry rate, about 80 per cent of the guest houses were not being used.

According to him, the houses were being used, largely, as avenues to make money for the former managing director’s companies. No official of the bank was, however, willing to comment on the matter.

Fresh non-performing loans were discovered recently in the bank, bringing the total to N235bn. About N160.7bn was reported to have been given by Ibru at ridiculous terms to cronies and family members.

According to reports, she also ”unethically” paid N825m to a company owned by her daughter as a 10-year rent on a property along Ikorodu Road, Lagos.

The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, had, during a closed door meeting with the Senate, revealed that the bank, under its former management, had been reckless with credit.

A senator, who spoke on the condition of anonymity, had quoted Sanusi as saying that Ibru gave out N235bn unsecured loans; had two jets and had paid for additional two before her removal from office.

He said that Sanusi wondered why a bank chief would give out N235bn loans when the bank had a capital base of N300bn.

The CBN governor had alleged that part of the money was used by the bank chief to acquire two private jets.

When contacted, the Head, Corporate Affairs, CBN, Mr. Muhammed Abdullahi, said, ”We are aware that after the CBN appointed MDs had assumed office, startling revelations had been made, most of which have to do with disregard for the code of corporate governance, and in some cases, outright fraudulent activities.”
http://www.punchng.com/Articl.aspx?theartic=Art200912312104815

Now tell me how the sacked 1500 workers of oceanic bank will feel after reading this?

Hi All.i wanna ulpload a large database file (1.3GB)to my company website.its from an SQL server and it takes HOURS(Approx 9hrs!!!!)to upload.even after incresing my bandwidth to 100Mbps.Any ideas how i can do this faster?

Anybody that took the second test in the house?how was it like?

FRANCOBEN:
i got 73.3% hope to be called

&3.3%.How you take do am!!!!I bow 4 for oh!!!

if u multiply the number 9 by any other number and add up the digits of the result,it will always add up to 9!try it.
9*1=9

9*2=18=8+1=9

9*65=585= 5+8+5=18=8+1=9

9*6984=62856=6+2+8+5+6=27=2+7=9

try it with ANY NUMBER and see for yourself

ummmmmmmm.memories flood back.of

heartless seniors beating the s, t out of me!!

shouts of "ONE BOY" and everyone rushing not be be the last!!!!!

Of soaking GARRI and "SINGING"for it to RISE

Thursday night RICE DODO AND FISH!!!(FISH HEAD)

Dinning Hall STRIKERS"always running to be the first  in the hall to serve

Labour every last saturday of the month and cutting grass(i so hated that!)

Washing putrid,foul smelling,maggot infested TOILETS, U SHAPES AND L-SHAPES(yawk)

waiting endlessly for mummy and daddy to arrive on visiting day and crying endlessly if they didnt come!

last night and beating all those wicked seniors who punished you!

it goes on and on and on

FGC ILORIN(FAITH HOUSE)I'LL NEVER FORGET!!!!!!

that is the next nolly moivie.Grab your copy NOWWWWWWWWWWWWW!!!!!11

you said she was married.why dont you tell your husband to speak to her husband.i believe men will handle this more maturely!

a niece of mine looked up to me one day and said "UNCLE I WILL MARRY YOU"i said you cant marry me cos i'm your brother.she said"I WILL STILL MARRY YOU BECAUSE YOU BUY US SWEET AND BISCUITS"we all burst out laughing!!

go to mjoy.com and register.your phone must be wap/gprs enabled though.

which opera versions works with the nokia 3120 classic.i installed v4.2 and 4.2 beta but is say the format isnt supported.so which opera versions work with it.anyone PLEASE!

Whining!i once told a girl that she whines alot and she asked what does that mean.i told her to check the dictionary.she did and started WHINING some more when she saw the meaning.GOD SAVE US FROM WHINERS OH!

wanting to know what i'm doing EVERY MINUTE OF EVERY SECOND OF EVERY DAMN DAY!HABA!

As someone said in an earlier reply.your wife has unpleasant memories of your apartment thats why she doesnt wanna move back there.its understandable cos women have VERY RETENTIVE MEMORIES of places and events so try all within your means you acced to her demands and by the way is she still at the work place with the boss that raped her?

Agege bread and Ewa!DELICIOUS!

--------------------------------------------------------------------------------
i need to unlock a nokia 3120 classic.any idea where i can do that.or any one with an internet link!Please!!!!!

i need to unlock a nokia 3120 classic.any idea where i can do that.or any one with an internet link!Please!!!!!

WAS at the airport one day wit my aunt and her children who were travelin out.the custom guys were asking them some questions about their luggage when one of my nephews shouted'MUMMY GIVE THEM MONEY AND LETS GO NOW!the custom guy was soo embarrassed he just closed the bag and told them to go!

makes you wonder the type of government we have running nigeria.how can a country deny a former minister and former anticorruption czar passports.do you know how we would have been portrayed in the international community.as a country that doesnt give a hoot what happens to its citizens.a passport is A RIGHT and can only be revoked if one commites treason against the state as stated on the passport itself.our already bad image has just taken further bashing!

interesting.funny enough,i've found myself in the same situation.my "ex"who is now married still keeps in touch.i'm sure she doesnt have any ulterior motive,i still insist on not meeting her and always cal her MRS to remind her that she belongs to someone else now.i think one should break all emotional ties wit ex's once they are married.you can still remain friends but it should be platonic and NEVER cross the LINE!

@just2nice.hi!pls i've got lots of pdf books on my pc but cant read them on Mobile(SE w810)have you got any link 4 a ebook reader in .jar format.PLEASE!i'd REALLY appreciate it.thanks!

i guess she is frowning cos she is thinking of all the suffer wey she go suffer for this man house!

I think the important things to note are that.
1. a muslim should be buried IMMEDIATELY after his death.
2.a muslim should not be LAID IN STATE for PUBLIC DISPLAY.
3.a muslim should be buried in a simple white shroud in a simple grave and NOT in a casket[DEFINATELY NOT A GOLDEN CASKET]of what use is a casket to a dead person?
i think he should have been buried immediately after his death and all other accolades and ceremonies should have come AFTER his burial.
Allah knows best.[color=][/color][color=][/color]

men op mini 5 really rocks!it almost as if i'm posting this on a desktop.the interface is GREAT.multitab browsing etc.i never even go thru al the features.@aeromon thanks for the IP link![color=][/color][color=][/color]

and to think that bellview still advertise in paper with their so called "authentic" passenger comment.what is ncaa doing that this airline hasnt been banned from flyin to london before something "serious"happens