₦airaland Forum

Mtcheeeeeeeeeeeeeeeeeeeeeew

I ate that mide Martins.

He tooked a very big risk

derecho:
Kikikiki...e pain am.
Expired news of 8days

take your toys, now go out and play with your mates

This Morayo self, e be like sey something dey worry am. They ate both beds of the same feathers

derecho:
Stale news....where you dey when e dey trend?

you've been noticed. Now go and play with your mates

True, true, Daddy G O blow lie for this mata

“Stop All These Lies And Religious Manipulation; What Brand Of Tea Did You Drink With God So We Can All Start Drinking It Peradventure God Decides To Join Us?” — Pastor Abel Damina Tackles Pastor Adeboye After He Revealed He Sat With God And Drank Tea With Him

Dr. Abel Damina in his message added that “God Does Not Eat Human Food”


Copied

Fokn overrated team

Hezzyluv:
No mind that man. He even thought you're jealous of his way of live and I had to asked myself at a point how na? For person you never ever see before

Let him relocate back and stay in his solar house

thanks jare.

Sapasenator:
I have lived abroad for almost 15years. I schooled there and have all my kids there.

Believe me, Nigeria is not that bad if you have the means to create your own happiness without depending on the government or employers. I am not saying anything is wrong if you want to stay in exile abroad. Your choice my friend.

come back and create it, then live here with us, if it's that easy.

Sapasenator:
I come back, stay one month and go back again. Don't be angry and bitter at me ok. Direct that energy to your politicians

abeg comot for my front. If e easy, relocate come live here.

Las las na sell him go sell dem when hunger begin to dey catch am. No more political post for him to make money

Sapasenator:
I can live in Nigeria and enjoy. I have 24hours solar power and AC everywhere, party every day and I work for myself and earn in dollars. In Nigeria, you create your own happiness my friend.

just come back. Forget your dogo turenci

His name is Nasiru Mohammed

Sapasenator:
He was being dramatic. Despite the ups and downs in Nigeria, It will remain my birth country and i usually do have great fun anytime I am in the country.

see dogo turenci. Come back home and live in Nigeria now

atiku4President:
Honestly. Deserving. Only a fool will argue it. If you know what a combination of Buhari's wasteful 8 years and a possible Tinubu's hopeless 8 years can do in the life of someone, you will weep. It looks like a 16 year old teen who has struggled to finish college with no hope of a descent higher education in a country where life can be cut short at any moment.

you nailed it




Mynd44 when are we gonna leave? I can't take it no more

Kog45:
K1 na person wey i sabi right from Ago palace way.I remember he came to our house then and said pastor which he normally called my brother,pls I want my sons to have university education and pls take care of them for me,so for one of his son to be roaming the street begging for money then something was wrong….late Sikiru Ayinde Barrister lived along Olusesi Balogun off Ago palace way and I can tell you that K1 took care of his children than Barrister.

i know now, i no argue with you. Na who go argue with you wey be monitoring spirit?

EMIR SANUSI'S REPLY TO THE NEGATIVE NARRATIVES ON WHAT TRANSPIRED WITH AKINGBOLA'S INTERCONTINENTAL BANK :

*NO REGRETS. CBN DID THE RIGHT THING ON TERM LIMITS FOR LEADERSHIP OF BANKS~SLS*

I think we must remember that everything boils down to context. And we should not naively believe the claims of some people that they are the "owners" of banks- especially the listed ones.

In almost all the banks that we took over, we discovered that these so- called owner managers set up SPVs, lent money to these SPVs, turned round and purchased their own bank shares with these funds -and that was how they acquired control. In blunt terms: they STOLE money belonging to depositors to buy the shares.

When the stock market tanked and the bubble capital burst it was those deposits that were entrusted to them which evaporated and we had to redeem.

To give one example, when we went into Intercontinental Bank, the bank owned 25% of its own capital through these fraudulent schemes. Akingbola did not buy his shares in Intercontinental with his own money- he stole deposits to fund his control. He ran to the UK and we followed him with the evidence. We established before the crown court what he did and the amount involved was in excess of N140b for which the court gave a worldwide freezing order. On the basis of the same evidence in Nigeria it took 11 years but Akingbola was finally jailed.

He was not the only one. Cecilia Ibru was jailed. Nwosu was jailed. Atuche was jailed. All this happened before us and people are criticising the regulator and moralising on behalf of those who OWN banks? How? With stolen money?

One of Akingbola's executive directors joined the bank as an officer and was his PA. Akingbola was MD of his bank for 22 years or so. All his so called EXCO were his "boys". Ibru appointed her son ED corporate. He would approve loans for their SPVs and she would send the money to her daughter in Dubai to buy property. For 3 years Ibru’s daughter won gold medals in Dubai for being an estate dealer. She was buying the real estate with depositors funds. We recovered assets then estimated at $1.2b at cost from Ibru alone- including over 200 pieces of real estate in the UAE, including property on the Potomac, in Abuja, Lagos and Portharcourt and private jets. All with depositors money.

These CEOs had stayed so long no one could call them to order. Not their boards, not risk management, not audit, not Legal. In one case the Board of Oceanic was bold enough to decline a loan recommended by Ibru. After the Board declined it she came to her office and approved it and it was disbursed.

If staying so long makes some CEOs that powerful and if that power was seen to corrupt why would we allow CEOs to overstay? If all banks were run like Citi or StanChart or IBTC this matter would not have arisen but we cant run a system based on miraculous exceptions. And is ten years not enough in a CEO position? Is there no benefit to something called succession? Is there nothing like key man risk?

Banks are not a business. Dangote group and Exxon mobil are. Banking is a profession. Banks are professionals guided by ethics. A bank is where you keep your money and expect to find it. If your banker can keep your money safe and make profit by trading it that is what we want. If he starts to make it his own he has to be reminded it is not his.

If these people are so smart they should go run a cement plant or build a refinery or a commercial enterprise. Anyone can make billions stealing money entrusted to them it is not intelligence. Just plain thievery. And this is why every chance they get they just steal and buy property and private jets and yachts. It is not capitalism but prebendalism.

The arrogance begins when these bankers who own a tiny percentage of the total capital at the bank's disposal think they own the bank. They do not. And the Central Bank is not there to protect the rich and powerful shareholders and management but the poor and vulnerable depositors who trusted us and kept their savings in these institutions. Some people just dont get it.

With the CBN the depositor is King. It is hypocritical after everything we know to pretend that these criminals are bank owners. They never were. And to make the system safe we have to learn lessons and not wait for the next Akingbola or Atuche or Ibru to happen on us.

It may well be that someone else sitting in that office with all this information may have ideological sympathies for shareholders and management and believe I had gone overboard in protecting depositors.

My comment is that such a one should be at the stock exchange and not the central bank. Term limits are among the policies I am most proud of and yes- we demystified all the minigods and oligarchs. But none of them was a target.

The only target was to protect depositors and keep our banks safe.

I am publishing my CBN memoirs next year inshaallah. The title is " Confronting vested interests: Central banking in a rentier economy". The title says it all.
SLS



Copi

It's in their DNA, na only mouth dem get. Na so dem late oga take waste innocent lives during the civil war. Bunch of carwords.

Kog45:
The said boy must be a bad boy cuz his children that I know back then in Okota Ago palace way went to Apata Memorial school,school owned by Niniola and Teni father and from that school to UK,Canada and United States for further education

monitoring spirit. Wehdone o

Mtcheeeeeeeeeeeeeeeeeeeeeeew

Raylight2:
Come on naw! What if she was already married at the time of her graduation?

she wasn't

Very fokn ugly thing. Look at her looking like a bag of akpu

Won ti do pa.



Ajepako come and see chomtin

Ethanuella:
They just woke up

na audio wake up o

Una never start. Modafokas!

Chinjo2:
Which Binance executive, the one that has excaped or another one.

boat of them

ajepako:
Sule

ajepako:
Russia fished out and rounded up all living terrorists that attacked their city within 24 hours!

No guessing or mass-destruction of innocent civillians or perceived enemies

But precise and exact military intelligence gathering and swift tracking

The terrorists were even arrested with the clothes they wore during the attacks showing how swift the apprehension/ arrest was

Believe me, those morafokas already knew they were doomed for being caught alive and at a point, you'll have to pity them (really) for what awaits them in the hands of the russian military and police.. Check their panel-beaten faces already while being brought to court.. Lol

Even top terrorist groups like Taliban and Hamas are dissociating from and condemning the Russian attacks to show their fear of Russia's gruesome and unexpected counter attacks..

And here, terrorists are so comfortable enough to be on tiktok, get likes , share and monetize their videos ( eemo wolu, )

Yet, they could not be apprehended much less arrested and prosecuted.

O ga oo

Iya wa. E ti binu. Omo yin ni won o, e fi won le o

They didn't did it. It was the wife, Wunmi, that killed Mohbad