Emperoh's Posts
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More. . . . pls go here http://www.sunnewsonline.com/webpages/news/national/2010/mar/24/national-24-03-2010-002.htm |
![]() If indications from CBN-managed Bank PHB are anything to go by, then the bank may not emerge from its current financial mess in a hurry even as the interim tenure of embattled Managing Director; Mr Cyril Chukwumah, expires next year. Documents released to the Daily Sun by a group of recently- retrenched workers of the bank may have inadvertently opened another can of worms on the embattled bank. According to the documents, the ex-workers are alleging that Chukwumah may have collected almost $100,000 in estacode having spent close to 50 days abroad since assuming office some six months ago as the Chief Executive. They say this is attributable to the MD’s choice of travelling. The fresh scandal is rubbing off on Chukwumah, whose sacked ex-staff are now claiming has cumulatively disengaged about 1,000 professional employees in February, in what he claimed would save the bank N4.5 billion. They alleged Chukwumah travelled abroad for 50 days (including 18 days of vacation after 72 days in office), after just five months as MD. At a daily estacode (per diem) rate of $3,000 for MD as stipulated in Bank PHB’s policy, Chukwumah has so far collected a whopping $96,000, excluding the controversial $120,000 leave allowance he was alleged to have collected in December 2009. This becomes mind-boggling when it was revealed that the tenure of the embattled Managing Director expires next year. Documents obtained by Daily Sun show that he travelled twice in November 2009 to Ghana and London; went on vacation in December/January; travelled to London in January. In February, he travelled again to UK, while so far, this month he has already travelled to London and The Gambia. Curiously, a new dimension has been added to the newfound luxury of the CEO, as he has entered into an alliance with another director of the bank, who ironically complained to the CBN Governor in December 2009, that the MD was ignoring the board in running the bank. The bank, on the CEO’s approval, now bears the cost of the director’s travel to Boston, Massachusets, USA, on first class ticket, ostensibly in search of core investors. However, his wife also lives in Boston. The director has also travelled on first class tickets with the Managing Director to The Gambia, London, South Africa, and Freetown, also in search of core investors. Ironically, the director is not on the board of any of the bank’s subsidiaries – Bank PHB, UK; Bank PHB, Gambia; Bank PHB, Liberia; Bank PHB, Sierra Leone; and Bank PHB, Uganda. Meanwhile, as the MD and the said director embarked on a free-spending lifestyle of luxury and self-enrichment, the bank that the CBN Governor said would be better managed under Chukwumah, continues to post losses. Available records from the bank’s monthly returns to CBN show that it incurred a loss of N3.8 billion in January 2010. It would be recalled that the nation’s banking public was shocked in January when it was revealed in the media that Chukwumah, who had just spent 72 days as MD, as at December 18, 2009, paid himself an off-shore leave allowance of $120,000, a payment he was entitled to, only after one year in office. In an effort to ameliorate the gravity of his alleged infraction, he explained that he actually cut down the allowance from $450,000 per annum, which the former CEO usually collected, only for it to be revealed that the former CEO, Francis Atuche, never collected any leave allowance in his four-year tenure (2006-2009) as MD. Not done with the concern for his personal welfare, Chukwumah, also in January reviewed staff emolument by cutting salaries of staff as much as 35%, while cutting his by a mere 18%, before pushing about 1,000 professionals to the labour market in February |
german007: Errrm. . . . .does the title/Position above come with a Peugeot 607 free ![]() ?If not, i have not yet found my voice. . . . . . He has inflicted me with Oral Thrombosis!! ![]() |
debosky: Ok. . . . did u give me the Hemp i smoked? Abi u want make them sack me? I asked you tell me who killed DK |
To say i am disappointed witht his list is an understatement not as if what i say matters hugely But what do i expect of an Ag President who's advisers are recycled Old Generals who put us where we are today!! Aside Aganga, this is a hugely Political nomination. What on earth is Anenih's wife doing ther? What does she have to offer? Same with UMYA's nephew!! I seem not to understand what and what is going on as per 2011 but at a time when Nigeria needs people to move her forward, the least we could as from an alleged committed President is the appointment of Discipline Technocrats into key positions in Ministrys This whole stuff make Obj look like a saint. . . . For only in btw 2003 - 2006 did we really have a true picture of committed leadership All the same, i hope they all prove me wrong. . . . . i had though GJ woulda used this singular opportunity to prove us wrong that all politicians are not the same. . . . as he is not likely to run in 2011, let him pls do the rightful thing and bring about the needed development and purpose oriented leadership. . . . . . Gosh i am so pissed!!! Where lies the hop for tomorrow? |
. . . . . . . .battling to find my Speech!!! SPEECHLESS!! ![]() |
BigFather It doesn't come with an AC . . . . . . call me!! |
mukina2: Meanwhile people wey need the 3 points don collect am waka!! Debo, u tell me? |
superboi: I think there's intense lobbying going on here now!!! Gosh. . . . not lobbying to do anything other than loot http://www.thisdayonline.com/nview.php?id=169355 |
. . . . Quick sharp sales. . . . . Just 450k!!!! |
. . . . .keep the calls coming, my battery is well charged to take them all!! |
debosky: Super Story. . . .Adolf Hitler is dead!!! ![]() |
dayokanu: . . . , if Dayobosky was the FA Chairman!! ![]() |
mukina2:That means he will score an Arsenal own goal being a Gunner!! ![]() |
. . . . .i wonder whether these arguments will bring back the 3 points? Anyway, keep increasing the thread. . . .afterall, that's what Seun created it for!! |
kpolli: Orville and Wilbur Wright invented the Aeroplane!! They are not making noise like u are!! ![]() |
asking Price is 450k. . . . . slightly negotiable!! |
. . . . . .Speechless!!! ![]() |
Delusional insanity caused remotely by Arsene Wenger and immediately by jealousy, reigns Supreme in the gay camp. I don't even know why Crizzle took at the time in the world, with soo much sisterly love and patience to teach her less intellectually endowed Gay siblings yet, maybe due to a dysfunctional brain or outright mischief, envy and total allegiance to falsehood, decided to look the other way. I can trust Maurice Iwu's word than i i could a gaynner's. Debo Did u just say you will deal with me? ![]() I laugh in Himalayan!!! Debo not you. . . . at least Sauron said you are still a Billy-Goat and not yet a swine like you fellow compatriots!! Why can't you teach them to realise that taunting us doesn't translate to a trophy? Even if its the Milk Cup! Eh. . . . especially that one that has the name of a masquerade in my fillage Ehn!! Thanks to Dayo U guys have not been able to infect Muki with your delusional insanity and omniscient madness, apologies Criz the latest vocab on Nairaland. . . . , anyway, like it or not, argue from here to Kilmanjaro, 3 points is in the kitty. . . . .and rather than trying to taunt us, why not package and send a thunderous slap to Mascherano for tugging down the best crosser of the ball in the EPL in his 18 yard box!!gaynners = Mumu. Eg. You are Gaynner = You are a Mumu!! ![]() |
. . . . . . .keep the calls coming. . . . . lets break another record!!!
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. . . . .vehicle location is . . . . . . . Festac!!
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. . . . . . . honesty absolves you of unnecessary problems. . . . . .its not our watch word. . . .its the name of our business!!
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. . . . . we take exceptional pride in our approach to Business!!
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1992 Honda Prelude Coupe, European Spec. Imported from Switzerland. . . . Car is in exceptional Condition. 206k Kilometres, Fabric Seats in EXTREMELY neat Condition. . . No tears of Wears Its a 4 Cylinder 2.0 Ex Engine is Over-Neat Sound Acceleration Smooth Drive Power Windows and Door Locks Moon Roof . . . . . . .and lots more. . . . . . . . .U can never go wrong with this car!! Where are them ladies and Dudes who love One Man shows. . . this will suit you well. Exceptional Customer Satisfaction from Emperoh. . . . .Ring me Digits, 07031896630, 08052421556; emperoneroh@yahoo.com . . . . . . . .Auto Transaction even in while asleep. . . , yes, we are that honest!!
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I have one in the US at the moment and waiting for someone to tie it down before i ship!! If interested, beep me. . . . . See pictures below and get back to me. . . . 07031896630
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EB, Sauron Why can't u guys allow this passionate Psychotic losers clutch at Elephant Grass made Straws? Can't we just see how emotions of loss has laced their intelligence and begrudged them a sense common reasoning? Their Oga Kpata in Chief has been floored and he quietly left sans much ado! But hey, thats been their wahala for the past 6 years. . . they keep looking for Webb's bias and Atkinson being on Gill's payroll While they trophy landlords at Old Trafford are about to rent the Trophy cabinets at Emirates to accomodate their over-populated Cabinet chest. or don't we know that what they are exhibiting are the well recognised traits for sore losers? Or was Webb's bad call the reason Arsenal hasn't won a trophy in 5 -6 seasons? I love it when they do such things. . . . . it shows we are a force to be reckoned with. I bet you guys, if they are just registering on Nairaland, they do join the United folk. Pls let them keep wallowing in failure!! ![]() Even Bartimeus could see the evidence that the picture above is giving!! Failure sure resides at Emirates!! |
There is only one option. . . . U have to charge for any Land Investigation! Like that, they will learn what it means to be honest!! |
debosky: Debo, kpele oo. . . i know u are suffering from 'Man U must lose at all cost' syndrome. Don't worry, Dr. Eastbay is here to handle you. . . ![]() Comeuppance? Hey. . . .do u realise this is football? We might actually have had ours you know? Never mind, we'll see who ends the season with something!!! Mind u we have something already. . . . . . And the answer to your 'Questioning our credentials' is actually 'Writing us Off'!! lol ![]() |
EB, Crizzle Even if una like make una quote all football rules and logic, these guys will never acquiesce. . . . .we won and reduced their chances of winning a title in 6 years. . . . .so that alone has deprived them of any sensible and logical reasoning!!! I think we should rather sympathise with them rather trying to prove the obvious!! |
S63 doesn't come any close to the 760Li. . . . where u want see the 760 buy? ![]() All Men are born equal not all cars!! |
Eastbay: No Ronaldo No Man United; Why did u guys let Tevez go? U are finished this season. . . who will score for you guys. . . reh reh reh reh reh and still more reh!!!! Gosh. . . . .no time to jubilate yet. . . . lets win the Trophies on ground and then. . . . .them go hear nwii!! |
biina: Do u need Kleenex? We will still be here till season end and i guess the title woulda joined us by then!! |
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