₦airaland Forum

cornwall:
Read it carefully, better still read from PROSHARE, their article is more detailed and less sensational.

Japaul Plc’s Access Bank Burden: Excessive Charges Unhinge Relationship As FHC Vacates Mareva Order https://www.proshareng.com/news/Frauds---Scandals/Japaul-Plc%E2%80%99s-Access-Bank-Burden--Exces/45215

The case of Japaul Oil & Maritime Services Plc, who acknowledges the debt owed its bankers, Access Bank Plc but has a higher counter-claim as evidenced by the forensic report is the latest. The company has been under a MAREVA order obtained by the bank since January 15, 2019 that has all but crippled the ability of the listed entity to function as a viable going concern.

Today, the Federal High Court (FHC) in the Lagos Judicial Division before Justice C. J. Aneke, recently won a court judgment against its banker Access Bank Plc over wherein it challenged the MAREVA order successfully.

Enter The Forensic Audit

To validate its internal accounting findings, the board of Japaul approved for a forensic audit to be commissioned and engaged the services of the reputable firm of Messrs Forensic Consulting whose report was received in July 2018. The report according to the marine service company showed that Japaul had been the subject of alleged excessive bank charges to [b]the sum of N18.7bn and $94m [/b]through a review of its transaction history with the bank.

Matters in Contention

Japaul claimed in the court papers that it had approached Access Bank to complain about the exorbitant charges it noticed in its corporate account with the bank after an internal financial audit. The company requested that the excess charges be reversed and duly credited back into its account.

Recall that in Guaranty Trust Bank Plc v. Innoson Nig. Ltd.

This might be a blessing.

Deadlytruth:
Exactly.
Private Placement price was even N1.85
I just smile each time I recall how, in an attempt to beat traffic gridlock so as not to miss that private placement on the very closing day, I took a bike from Mushin headed for Intercontinental Bank in Tejuosho and instructed the bike man to move with the kind of speed he had never attempted since he started okada business. No be today nyash dey for back for stock investment matter for Nigeria o.

One of the funniest joke this year, thank God you no end up for Igbobi.

stcool:
Investor know thy CEO...

This madness, CEO takes home over 40M monthly and investors are told stories. There are companies that ll NEVER see my kobo.

sold 50% japaul today taken out money invested want to see what profit will be.

Thanks and God Bless.

kolaish:
21 May 2019
http://www.nse.com.ng/Financial_NewsDocs/25537_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC_CORPORATE_ACTIONS_MARCH_2019.pdf

Pls can someone help me with qualification and payment date of cavertone. thanks a lot.

CHARLESNIPER:
No I even be Agbalowomeri self join.
U have really changed from the days when the likes of u, dexter and passwelle been dey make useful contributions here. dis days na only attack, attack u dey make.
If no be say i know u back then, i for say u don kolo finish.
Abeg make all of una wey no dey won help others, leave the sir wey dey help continue with em good work. U can not come and be a dog in a manger here.

My mcy love- how u dey now?

So so true.

stcool:
LOSS - Q1 19 (555,695) Q1 18(3,202,217)

Thanks bigger BOSS.

rebekah2011:
Increased turnover, lower admin expenses, a lower loss for the period. Seems it is getting better for the company.

Thank BOSS

Pls how is japaul result like?

stcool:
PAT Q1,19 - 182 million
PAT Q1, 18 - 119 million

Also with increase in revenue... 1.2 billion up from 739 million Q1 2019.

Thank you BOSS i ll balance my chair well in this bus. Happy worker's day.

Someone should please give details update on chams result. Tnx.

Una well-done.

Are you people seeing Japaul?

Mfunkynation:
i have recieve mine this morning.. but it not the figure i was expecting.
are we sure the paying 0.14k?
kimdly check yours n substract d 10% n see if it tally with ur expected amount because mine doesnt tally. thanks

I received mine first thing this morning. Note 10% withholding tax and bank deduct something as well.

Fcmb alert has landed. I made almost 100% on wema. Thank God for using OGG, the name calling should stop. Good morning all.

Una well-done. I thought fcmb alert na tday?

stcool:
I Regret not having the courage to buy large quantity of CHAMS....i would not be surprise to see it above @N2.00 the company is doing good and the new management is cash prudent. My company sent a proposal to them and they invited our management for a meeting. That was when I knew CHAMS is not playing.

After some rest, I will certainly load more...its a company to watch out for. There is a major buying going on. Time will tell.

Bros, i pray this come to pass, i ll change my car by His grace.

chams making me happy, almost cash out last week.

A very happy weekend to all of us.

rebekah2011:
Let me send my account number.

Sure BOSS

Fidelity alert don land, who dey collect offering again?

ndidigood:
cfc@africaprudential com

Thank you.

Pls what is the email address for afriprud registrar? want to send my scan dividend mandate, tried using info@africaprudentialregistrars.com and was rejected.

na who grammar help? chams making me proud

The market truly have a mind of it's own. Someone should learn to close one's ears to noise. Good morning all.

Any news on Japaul?

DOLLARTEX:
no,the qualification day is today,it will be mark down tomorrow .

Thanks BOSS

diamond 1naira haved entered. Pls i thought Cham was marked down today?

tritritri:
Not it woun't affect.

Thanks BOSS

Good morning all, now that fcmb and fidelity have been marked down, if i sell some today, hope it ll not affect my expected dividend amount? Tnks.