₦airaland Forum

tchimatic:
Ikeoha ndi Igbo, though you're a thief but as my brother; I'll support you in this. Never will u see a Yoruba man call Tinubu a criminal nor a hausa call Buhari or Dambazzau a thief but they expect me to hang my own brother.

kitikpa n'enwero nne na nna gbagbuo Buhari na ndu otu ya niile

He's a thief all right because he stole the tiny sense you had. Ozodingba na enwero uche dịka gị.

Onyiridike:
When has South-south delta state become the name of a tribe?

Anyway, you are a Nigerian and of course you only say what your politicians fed you.

There are thousands of Igbos in Delta state.

You can check his profile . His name is 'Onyemaechi' if I still remember correctly. Does Onyemaechi sound Yoruba to you?

You even get time to answer the cretin. You for allow am wallow in his idiocy.

Boycott the WC!!

vanessaRN:
https://www.reportnaija.ng/wp-content/uploads/2018/03/vllkyt6ivq4au8iaq.807fd342.jpg


Kaugama has become the talk of town since he came out on top with the perfect exam score.

Kudos to the young man for a good job. But this is NO perfect score even in the widest sense of the term. OP, your understanding of English needs a serious upgrade.

Owamudia:
But ibos have been wailing/crying to become slaves since Buhari won the election na

Meanwhile, Osinbajo has been acting president 4 times.

Jealousy go kill una.

Acting President who couldn't take a decisive decision while his principal was deathly ill in a foreign hospital?

Oh he took a decision by confirming the sack of a Govt official? And the sack was later reversed when his principal returned?

What a way to confirm that you are indeed a slave pretending to be an acting President. My brother, throwaway throway spit small nah.

Owamudia:
Awolowo's granddaughter is in Aso Rock while his grandson is highly placed.

Hehehe. See how you indirectly confirmed the point being made which is that the grand children are both highly placed slaves, one in Aso Rock and the other at that wilderness called NIPC.

ZombieTAMER:
You have eye problem

If it turns out that Ebuka was really at the wedding, what would you say about your own eyesight?

GoroTango:
Point of correction esteemed Nobel Laureate, Buhari did not declare IPOB a terrorist organization because he lacks the power to. It was a legitimate court of law with legal jurisdiction who did so. IPOB are terrorists.

Legitimate court of law under Buhari? What a laugh. Nothing under the Buhari administration is legitimate since he's used unbridled nepotism in appointment and execution to render what is left of the country's national institutions all regional and ethnic wastelands.

DoTheNeedful:
Which one is good morning? You think it's everyone that has your clannish and myopic "permanent friends and permanent enemies" like some of you have? Soyinka have been a voice of activism in this country for more than 60 years; perhaps before your parents were born. He even believed in the Biafran cause when it was not popular to do so in Nigeria.

That he felt Jonathan didn't perform optimally and he moved against him in the last elections takes nothing from him. He, like many other millions of Nigerians felt Buhari could do better and they supported Buhari. What is the sin in that? Although Buhari is not doing any better.

You have to get it in your head that there was never a time where there was a permanent friend or foe in politics. It's always about interest to the politicians or about who the masses felt at a time that would do the job better. In making such decisions, mistakes are made but life continues .

This is an eloquent way to display your strong nepotism and idiocy. Congrats, bro.

No be Ebuka I see for that 3rd picture?

Im no do BBN again?

No wonder he fills up all his companies with Indian executives. He runs a slavery camp in Nigeria.

Japaul slides 8.3% after BusinessDay report questions Milost offer….

By Lolade Akinmurele – BusinessDay



"Japaul Oil & Maritime Services Plc, a Nigerian oil-services company, has gone from best to worst performing stock on the Nigerian Stock Exchange in almost a blink, after questions were raised over a deal with private equity firm, Milost.

The company’s share price fell 8.3 percent to N0.88 (88 kobo) Tuesday, according to Bloomberg data, making it the worst performing stock of the day. The price decline wiped off some N570 million from the company’s market capitalisation which hit N6.07 billion Friday, March 9.

“Momentum is fizzling out for Japaul,” a source said on condition of anonymity given the sensitivity of the matter. “The price has peaked and it is downhill from here,” the source added.

Two calls made to a phone number on Japaul’s website went unanswered. In what appears a typical pump and dump scenario, Japaul’s shares had rallied some 177 percent since disclosing a $350 million financing deal with US-based private equity firm, Milost, only to retreat after questions trailed the ingenuity of the deal.

The February 20 announcement of the deal set the tone for the oil and gas services company to rally for two straight weeks, jumping 53.9 per cent in the week ended March 9 to emerge the best performing stock. It was reported that Milost will invest $250 million in equity and add another $100 million in convertible loans.

But the numbers for the deal do not add up.

The company reported total assets of N27 billion, total liabilities of N51 billion and a net loss of N2billion in the 3rd quarter of 2017. A $350 million (N126 billion) investment in the same Japaul would amount to acquiring the firm 100 percent, which does not make any sense.

“Rather than invest over N100 billion in Japaul why didn’t they (Milost) just set up a new oil and gas servicing company that will be free of any liabilities,” a market source familiar with the matter asked rhetorically. “This has every appearance of a typical pump and dump scenario,” the source said. “Pump and dump” (P&) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme “dump” sell their overvalued shares, the price falls and investors lose their money.

As stated in a report March 12, BusinessDay called a New-York phone number available on Milost’s website, but after being asked for comment, the lady who answered the phone disconnected the call and two subsequent calls to the same number went unanswered. Calls made on Tuesday also went unanswered.

Milost has also made other questionable investments since the turn of the New Year, from its $250 million promised investment in Resort Savings and Loans to the $1.1 billion acquisition of real estate firm, PrimeWaterview.

Resort savings and Loans has a market capitalisation of N5.6 billion, according to data on the Nigerian Stock Exchange (NSE). The mortgage provider has not published a financial statement since the 3rd quarter of 2015 when it reported net profits of N34.2 million on revenues of N1 billion and shareholder funds of N2.92 billion.Its total assets for the period came in at N10.1 billion, but Milost is prepared to invest N90 billion in the company. “The unfounded nature of the Resort deal suggests there is zero possibility of the transaction happening,” one source familiar with the matter told BusinessDay.

“The Japaul deal is no different and it leaves the door open to question the financial standing of the company (Milost),” the source said.

Private Equity firms rarely go for control deals in Nigeria- deals where they acquire over 50% of a company. “In cases where they do, they are reluctant to go as high as 95 percent but Milost is doing deals that are even above 100 percent,” another market source speaking anonymously due to the sensitivity of the matter told BusinessDay.

Resort was not readily available for comment.

Milost’s biggest announced deal yet is the $1.1 billion (N360 billion) acquisition of real-estate firm, Primewaterview holdings. But even that deal has its faults, sources claim, as the said firm lacks the requisite assets to command an acquisition of that size. A phone call made by BusinessDay to the number found on Primewaterview’s website was not answered when contacted at around 6:30pm on Friday. It was more of the same on Tuesday, with the company unable to comment.

The real estate company has completed about 741 housing projects, predominantly three-bedroom apartments across Lekki and Oniru, as deduced from its website. For all its swashbuckling outlay which come to around $1.7 billion (N612 billion at N360/$), Milost is relatively unheard of among private equity players who question the ingenuity of some of these investments.

BusinessDay sources at the Central bank couldn’t immediately confirm if Milost obtained a Certificate of Capital Importation (CCI) for its announced investments. A phone call and text message to CBN spokesperson, Isaac Okorafor went unanswered Tuesday. A CCI provides statutory evidence of capital inflow into a Nigerian company. CCI’s are Central Bank of Nigeria (CBN) certificates issued by banks.

As deduced from its website, Milost Global was founded by Mandla J Gwandiso in 2015 and is headquartered in New York City, with more than $25 billion in committed capital. Gwadiso also serves as the Chief Executive Officer and Chairman of the Board of Directors of Precise Acquisition, Inc. Between February 2009 and February 2013, he was an independent consultant to Sichuan Hanlong Group Co., Ltd where he was the Lead Advisor. From March 2013 to November 2015, he served as the President & Chief Executive Officer of Sigur Capital Inc."

MILOST GLOBAL IS A FRAUDULENT ORGANISATION OBVIOUSLY.

STUNNING is definitely the most abused and harassed cliché for all types of photographs here on Nairaland. ?? :-

Yayira:
Old news.. any new one ?

Na dis kain old news dey bankrupt some people o.

Wahala still dey dis FBNH o

http://www.thisdaylive.com/index.php/2018/03/12/cbn-asks-court-not-to-slam-first-bank-with-n122bn-judgment-debt/

Nodogragra4me:
What is there to ask God for forgiveness for. The thing finds no support with God or just because she is suffering that automatically means she is a representative of the Lord or what. If it is not in the Bible it is not of God.

I see. Your last sentence just revealed who you are, the type that argues about the Bible and its contents with those the very Church that put the Bible together. If it's not in the Bible it is not of God must be the most hilariously ignorant comment that anyone who claims to be a Christian can make despite the fact that the very last verse in the gospel according to St John specifically stated that there were so many things Jesus did where left out the Bible as we know it.

I will conclude by sharing St. Thomas Aquinas' famous quote with you:

"For those who believe, no proof is necessary. For those who do not, no proof is possible."

CuteMadridista:
The holy spirit probably told her she's a witch, she should've killed the girl as our holy book says

Stop twisting scripture. Jesus Christ, the foundation and basis of the Christian faith, did not kill any witches. Calling the girl a witch based on the say so of a 'pastor' is both wicked and an act of fake Christian.

Some of our most distressing acts of wickedness as Nigerians are today committed in the name of Christianity, the same religion through which Jesus Christ enjoins His followers to shelter to the homeless, clothe the naked, feed to the hungry, give water to the thirsty and provide succour to the widow and the orphan.

How the original ideals of Christianity have today become so twisted and corrupted is sad to see.

Those who are ignorantly calling the woman names should ask for forgiveness from God. Ignorance is indeed a disease. If you do not know about something, that does not mean that it does not exist.

STIGMATA is officially recognised by the Catholic Church. It has been the experience of quite a number of people over the centuries. The most famous of such stigmata victims is the Italian mystic and priest Padre Pio who also was reputed to be blessed with the ability to be present in two different places at the same time.

Those who know nothing about STIGMATA or about PADRE PIO should be humble to google both. We learn every day. May the Good Lord see the Rev. Sister here through her own passion for the Lord in Jesus name, amen.

https://en.m.wikipedia.org/wiki/Stigmata

"A high percentage (perhaps over 80%) of all stigmatics are women.[3] In his Stigmata: A Medieval Phenomenon in a Modern Age, Ted Harrison suggests that there is no single mechanism whereby the marks of stigmata were produced. What is important is that the marks are recognised by others as of religious significance.[4] There have been many cases of fraudulent stigmata.[5][6]"

oyatz:
Tribalists and racists have this flawed assumption that members of a particular (their own) tribe/race are superior to members of other tribes/races which is not backed by any scientific or rational reasons.
A person may be better than another person on Individual basis but NOT because they belong to one tribe/race.

All TRIBES HAVE INTELLIGENT AND HARD WORKING members as well as lazy, dull and wicked peoples.

Yea, you're right. People of one tribe or race cannot be collectively more intelligent than people of other tribes or races despite the overwhelming difference in intellectual outputs by the different tribes and races. The Germans or the Japanese or the Jews are not superior intellectually, sir. This is the type of argument that tends to come from someone who belongs to a group that lacks obvious evidence of intellectual superiority. And one does not have to display a false sense of political correctness about this brutal fact.

Throwback:
Was Dike more pioneering that Oladele Ajose, a medical doctor and most senior African on the academic board of University College Ibadan?

Was Dike more senior to Oladele Ajose who was the first tenured Nigerian professor in history?

Is it false tale that Dike was called back from sabbatical in the USA to take the position of Vice Principal. While a more qualified Oladele Ajose was right there in Ibadan on the campus?

You cannot erase the facts, and even Dike was apprehensive to accept the position that was being forced on him.

I repeat merit to the Igbos is Igbos first, others follow.

IGBO - I Go Before Others.

You're actually busy here wasting your talent as a writer of fiction. Maybe you should further hone your skills at Chimamanda Adichie's workshops for potential novelists.

And while at it, why don't you go on and spin another fabulous tale about how Zik wangled Eni Njoku in as pioneer Unilag VC.

As for what you gleefully posted as your pejorative of the Igbo, I Go Before Others actually sums up the finest pioneering qualities of the people.

One of the girls is already pregnant. Why she no wait for her twin sister nah?

If you doubt me, oya check out the last photo.

Walahi, wanan Daddy Freeze is worse than Bubu. See how he just destroyed this mutum Samklef while pretending to be helping him. Choi.

emmasege:
Hope Uncle Femi still remembers he has other kids apart from Aragon sha.

What's the boy's Yoruba name sef? Your papa answered Yoruba name till he died and he also named you Femi, a Yoruba name. What happens to all the beautiful Yoruba names that you decided to name your one and only son 'Aragon'?

That's how people forget whom they are or where they come from.

Isn't it a free world anymore? Jejely go marry ya own wife (make sure she's from nowhere else but Ile Ife) and name the resulting son from her Oduduwa gan.

emmasege:
#500k a month and #6m per annum, out of which he'll feed his family and service his career by conducting research and attending conferences.

Summarily, a senator earns in one month what a professor earns in almost two and half years. In four years, a senator would've earned What a prof earns in 120 years or What 3 or four professors earn in the length of 35-year civil service. Why won't they kill to get into office?

What a nation!

No professor that knows his onions and is worth his salt in Nigeria earns less than a million naira per month.

OliverK:
Lolz... Thought this woman was a Saint

So you have already jumped to your own conclusions about this woman again? Why are you wasting your talent here when Nigeria badly needs long and high jumpers for its Commonwealth contingent?

Eddy2cute:
Happy birthday sir. See YUL face in that last picture lol like okada ridder

I also see Leo and Uche smiling like they just won Nairabet.

secretsuccess:
Buhari two major points since coming to power is the continues talk that he has tried in security and in fighting corruption...but now transparency International busted the anti corruption noise.. Now he is with only security.. Let us wait and see.maybebe some other person's will burst it, one of these days

Dapchi already exploded that one.

sunnysunny69:
Catholic church will not give you unless you have a communion card, but outside Nigeria Europe for example, holy communion is like pure water, wherever mass is celebrated, anyone can join the line and have it, only we Africans turn things on our heads.

EDIT.
Some catholic churches but not all.

I am Catholic and I have never been asked to show a card anywhere in Nigeria before being given communion. And I have received communion in Catholic churches across the country.

Lordkratus:
just stating the obvious. he made a ship and came down here to pack all your acenstors when they were still wearing leaves around their waist. go think about that

I see that you are ready for his ship of the 21st century, or if he considers you not fit to shipped off you're ready to stowaway just so you can get to his continent and work in his cotton and sugarcane plantations like your ancestors centuries ago. Why your lineage is eternally fascinated by the colour of a man's skin is still being studied all over the world.