₦airaland Forum

Very graphic video


https://www.youtube.com/watch?v=6WkTURRuDZ0

These US cops are very wicked, killed the woman's boyfriend, then handcuffed her with a child in the car....so sad indeed.

Some Nigerians no dey hear word...why dealing with drugs?

It will be interesting to see which of the PDP candidates INEC puts on the ballot sheet?

Why can't all the various factions agree on the way forward for PDP?

Until now, PDP have not got a functioning National Executive - there are two camps (Markafi and Modu Sheriff) plus the BOT.

This is not going to end well for PDP in the long run.

And people should stop blaming APC for the current woe PDP is facing.

Can someone advice Fayose that his appearance is not fitting of an executive governor of a state.
He should work well on his dressing, and stop dressing like a tout.

OP, i have read the article about your lecture before, very informative to know about pre-islamic practice in the Arab world. There are lots of things people should know about the historical facts of the Arabians.

How I wish a lot of people have access to the link, I'm very sure that if the web link is posted here, it will be taken down by the moderators.

The management of Skye Bank PLC today announced what it called the voluntary resignation of its top officers. The action followed plans by the Central Bank of Nigeria (CBN) to take over the bank due to distress arising from bad loans and insider malpractices by board members.

In a statement, the management said the CBN has approved the appointment of Alhaji M.K Ahmad as the new Chairman of the Board, and Tokunbo Abiru the new Group Managing Director and CEO. Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu retain their positions as Executive Directors.

SaharaReporters learnt that the Chairman of the bank, Tunde Ayeni owed the bank at least N102 billion that had remained unpaid for several years. He was one of those who resigned today.

Mr. Ayeni, who is a close associate of former President Goodluck Jonathan, had taken over what used to be Eko Bank, Bond Bank, and Prudent Bank. He then used interbank loans to buy Mainstreet Bank for N135 billion and added it to his collection to create Skye Bank.

Since coming on stream, however, the bank has been consistently abused by its owners, who collect loans without collateral, and use them to fund lavish lifestyles and the acquisition of an assortment of private companies. Ayeni, for example, bought parts of an unbundled electricity company from what used to be the Power Holding Company of Nigeria, using Skye Bank funds. At the last count, he also owned Ibadan and Yola Discos, and also acquired Nigeria Telecommunication Limited (NITEL) and also owned a private jet.

Mr. Ayeni was also a close associate of the late former governor of Bayelsa, Diepreye Solomon Alamieyeseigha, and was linked with money laundering allegations concerning the late governor. It was through Alamieyeseigha that he became close to Mr. Jonathan during his time as deputy governor. Ayeni spent months in Economic and Financial Crimes Commission detention as the agency carried out investigations into the massive theft of Bayelsa State funds, but he was never charged to court.

Other non-executive directors of the bank who owed the bank include Jason Fadeyi, the chairman of Pan Ocean Oil company, who owes N90billion.

Furthermore, several businesses with links to the bank owed large sums to it but refused to service their loans. They include Atlantic Energy, owned by Jide Omokore and fugitive Kola Aluko, which is owing N70b; Oando Oil Company, N20b; and Captain Osa Okunbo. Kola Aluko's brother, Kunle, is among the non-executive directors who purportedly resigned from the bank's board today.

SaharaReporters sources said Heritage Bank, which is co-owned by Mr. Ayeni and Senate President Bukola Saraki, is next in line for a takeover by the Central Bank, which is also looking to force out Oba Otudeko from the board of First Bank of Nigeria due to his indebtedness of about N82billion.

In his letter of resignation today, outgoing MD of Skye Bank, Timothy Ogunoye lamented that his efforts to turn the fortune of the bank was thwarted by forces within and without the bank.

​Below is the press release announcing a change of guard at the bank earlier today.

Changes on the Board of Skye Bank Plc.

We wish to inform our stakeholders of recent changes on the Board of the Bank.

Earlier today, the Non-Executive Directors and the two Independent Non-Executive Directors resigned their appointment on the Board as follows:

S/N DIRECTORS CAPACITY

1 Dr. Olatunde Ayeni Non-Executive Director/Chairman

2 Mr. Victor Adenigbagbe Non-Executive Director

3 Dr. Jason Fadeyi Non-Executive Director

4 Mr. Babajide Agbabiaka Non-Executive Director

5 Mr. Victor Odozi Independent Non-Executive Director

6 Mr. Kunle Aluko Non-Executive Director

7 Mr. Abdul Bello Non-Executive Director

8 Mrs. Ammuna Lawan Ali Independent Non-Executive Director


The following Executive Directors also resigned their appointments on the Board with immediate effect:

S/N DIRECTORS CAPACITY

1 Mr. Timothy Oguntayo Group Managing Director/CEO

2 Mrs. Amaka Onwughalu Deputy Managing Director

3 Mr. Dotun Adeniyi Executive Director

4 Mrs. Ibiye Ekong Executive Director


The CBN has approved the appointment of Alhaji M.K Ahmad as the new Chairman of the Board, while Mr. Tokunbo Abiru has been appointed as the new Group Managing Director and CEO. Messrs. Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu will continue in office as Executive Directors of the Bank.

The former leadership of the Bank voluntarily resigned their positions in order to pave the way for a new team to further the new strategic direction of the Bank in the retail and commercial business space, having laid the foundations and set the necessary processes and structures. In this wise, the challenge of accelerating growth in the new strategic direction becomes more urgent and compelling, given the poor performance that we recorded in the 2015 financial year end, and the attendant challenges.

The Executive Management of the Bank also take the opportunity to most sincerely thank the former Board led by Dr. Olatunde Ayeni, and the former Management team led by Mr. Timothy Oguntayo for their service, sacrifice and dedication to this institution.

As they take their leave, we wish them all the best in their future endeavours.

Please find below the profile of the new Chairman and the new CEO of the Bank.

Alhaji Muhammad K. Ahmad, OON: The new Chairman of the Board

Muhammad K. Ahmad, OON, has about 35 years distinguished experience leading and working in various public sector organizations and financial services institutions in Nigeria. He was the pioneer Director General and Chief Executive Officer of the National Pension Commission and oversaw the establishment and growth of the Pension industry in Nigeria with over .5 trillion in assets to become a major contributor to Nigeria’s GDP. He is currently the Chairman of the Interim Management Board, International Energy Assurance and is the founder of Jewel Development Foundation, a graduate assistant platform; and Certium Consulting, a strategy advisory and business applications company.

A pioneer staff of the Nigeria Deposit Insurance Corporation (NDIC), he rose to become Director/Head of Department and a member of the Interim Management Board. Mr. Ahmad has served on the boards of various corporate and not-for-profit organisations as well as Presidential Committees. Ahmad Chairs the Technical Committee that produced the North East Transformation Strategy (NESTS), a medium term Regional Development Strategy, for the sustainable socio-economic transformation and reconstruction of the Region and currently supervises its implementation.

Alhaji Ahmad is also a member of the Presidential Committee for the North East Intervention (PCNI). Prior to his appointment, he was a Director on the Board of FBN Holdings PLC, where he brought his rich experience in the financial services industry to bear on the institution. He strongly promotes building institutions based on the highest corporate governance and ethical standards and would bring his extensive experience to bear on his role on the board of Skye Bank PLC as Chairman. He has a Masters Diploma in Innovation and Strategy from the University of Oxford and has also attended courses and programmes in various first-rate business and management schools, including Harvard Business School, IMD, and INSEAD. A co-author of the book, “The Extent and Effectiveness of Bank Supervision in Nigeria”, Ahmad is married with children.

Adetokunbo Mukhail ABIRU, FCA: The new Group Managing Director/CEO

Mr. Adetokunbo Mukhail Abiru (Tokunbo), is an alumnus of Harvard Business School (Advanced Management Program) and Lagos Business School (Senior Management Program). He holds a B.Sc (Economics) from Lagos State University and is a Fellow of The Institute of Chartered Accountants of Nigeria (ICAN) and an Honorary Senior Member of The Chartered Institute of Bankers of Nigeria (CIBN).

Tokunbo has had a distinguished career in banking spanning about 26 years, of which his early ten (10) years were spent in the formative years of Guaranty Trust Bank Plc. Thereafter, he spent about Fourteen (14) years with the premier and most valuable banking brand in Nigeria, First Bank of Nigeria Limited, where he functioned as Executive Director, Corporate Banking between 2013 and 2016.

Equally during his banking career, he was at various times between 2013-16 a Non – Executive Director in the following companies: Airtel Mobile Networks Limited; FBN Capital Limited (now FBN Merchant Bank Limited); and FBN Bank Sierra Leone Limited.

Tokunbo was the Honorable Commissioner of Finance for Lagos State Government (2011.2013), the economic capital of Nigeria, during the dynamic and transformational leadership of Governor Babatunde R. Fashola (SAN). He is happily married to Mrs. Feyisola Abiru, the Managing Director of Home & You Limited, a truly indigenous furniture manufacturing company, and they are blessed with children.

Thank you all.

Signed:

Executive Management

http://saharareporters.com/2016/07/04/inside-story-skye-bank-management-takedown-central-bank-nigeria

hakanai:
The question would be how much is his salary and how much does he have in revenues from business proceeds from 2014 to afford a mansion(s) in Abuja.

Before we forget I think FIRS should accompany EFCC on all investigations of property and businesses. It will be in order for FIRS to check or ask for tax clearance or payment receipts of the proceeds if verified as legit money.

The best and easiest way to go to nail majority of greedy politicians and their companies is by FIRS being involved in all investigations.

this Fayose's son has just committed the highest form of 'bad-mouth' syndrome...all his dirty 'undies' will soon be on the world-wide-web...

whoever loves him, should kindly advice him to lay low and keep quiet...his elders tried it with SR and they didn't find it funny...lots of political careers have been damaged by SR...

...waiting patiently for the next court order declaring that Modu Sheriff is the PDP chairman...this saga will continue infinito...

Fayose, Wike, Mimiko and others have carried a log of wood infested with soldier ants...

It seems Lere Olayinka is 'Special Assistant on Buhari Matters' to Fayose.

Almost 2 months in EFCC custody is not easy.

I guess FFK will know there is a big different between GEJ and PMB government.

Why is it now that this allegation against against Fayemi is just coming to public information.

PDP is trying everything to be relevant.

Is the pastor a vampire?

...Mr Tonye is always talking with both sides of his mouth.
He was one of the PDP supporters who acknowledged and appreciate the choosing of Modu Sheriff as interim chairman of PDP, by Fayose, Wike and Mimiko. Why is he dispaying his double-standard with this article.

To those people who are blaming APC, it is well known and on record that PDP leaders (Fayose, Wike, Mimiko et al), willingingly offerred the chairmanship position to Modu Sheriff, unfortunately, they have chosen a bigger bone to swallow.

I only hope PDP can get their acts together and provide a powerful opposition to APC, all these in-fightings will lead to the elimination of the party at the polls.

How can a PDP that is disorganised, provide effective leadership in the country...

...what is the problem with state governments not being able to pay workers salary...this has been an open sore in this country...

One very good thing about FFK detention is that he hasn't got the internet to spew his rubbish articles...the world wide web has been rather quiet...

StoneLucifer:
Its a political calculation.He is warming up to be the next Senate President as soon as Saraki is removed.He has a mission to kill PDP and together with his supporters pitch tent with APC.Akpabio has always been a crafty man.

If your analysis is correct, then the Senate will have another corrupt person as Senate President.

...there's no point in the APC government defending the indefensable...Buratai has been named in this offshore allegation...he should be investigated thoroughly and if found guilty...let him spend some time in custody to reflect on his greediness...

...some people are not talking about how Fayose election was rigged, how he single handedly sacked the Ekiti house of assembly, how him and his goons beat up a high court judge and so many other atrocities.

...the FG and other relevant agencies are busy piling up his case file, whenever he leaves office in 2018, he should be ready for a long stretch in whichever law enforcement agency pick him up first.

...by the way, salaries for civil servants where not paid for several months, even after the FG had given Ekiti state some relief funds...Fayose is a wicked man, he has billions in his own personal account yet, his people are suffering...

...seriously, Fayose, Wike and all those who made Modu Sheriff the interim chairman should be punished by the PDP party. How can they allow a bunch of people to case mayhem in the past few months because of VP position under a PDP government?

...one thing is FFK should stop wasting his limited resources and concentrate more on how he's going to defend his case...

All what is happening now is not good for PDP at the polls...the voters will see PDP as a party that can't manage it internal affairs, how can it manage Nigeria or even provide quality and consistent opposition between now and 2019.

...show me a Nigerian who is not corrupt...

Ade Adesomoju, Abuja

A High Court of the Federal Capital Territory in Apo, Abuja, on Wednesday dismissed a fundamental human rights enforcement suit filed by a former Minister of Aviation Mr. Femi Fani-Kay‎ode, seeking an order releasing him from the custody of the Economic and Financial Crimes Commission.

Fani-Kayode, the spokesperson for the then Peoples Democratic Party’s Presidential Campaign Organisation‎ for the 2015 election, ‎had filed the suit following his arrest by the EFCC on May 9, 2016 with respect to criminal allegations relating to diversion of funds meant for arms procurement to political campaigns.

The anti-‎graft agency arraigned him alongside a former Minister of Finance, Nenadi Usman, who was the Director of Finance of the campaign organisation‎ and others for money laundering before a Federal High Court in Lagos on Tuesday.

Justice Olukayode Adeniyi delivering judgment on the suit filed by Fani-Kayode to challenge his detention by the EFCC, held that the legal action lacked merit.

The judge held that the detention was not illegal since it was backed by an order of court.

Justice Adeniyi, however, faulted ‎the practice by the EFCC of arresting and detaining a suspect for the purposes of investigation.

http://punchng.com/breaking-court-dismisses-fani-kayodes-suit-challenging-detention/

....but the information we read earlier was that he has been turned into a 'punching bag' in EFCC custody.
See how FFK is fresh with well ironed clothes, he even looks fatter. I guess EFCC custody is not that bad afterall...

God punish all those who spread fake news.

Eric Olander and Cobus van Staden are the duo behind the China Africa Project and hosts of the popular China in Africa Podcast. We’re here to answer your most pressing, puzzling, even politically incorrect questions, about all things related to the Chinese in Africa and Africans in China.

China’s engagement in Africa is a distinctly 21st century phenomenon and, as such, is still poorly understood by most people, most notably among Chinese and Africans themselves who are still getting to know one another. In that spirit, we’ve started this new column as a way to help spark dialogue and cross-cultural communication in order to explore this fascinating, complex relationship.

In many instances, people are either too shy or embarrassed to publicly ask that question that could be misconstrued as insensitive or politically incorrect. In an issue like this that touches on questions of race, power and culture, things can get messy real fast. Instead, we’ll take each question seriously, and with the benefit of our backgrounds in China-Africa journalism and academic scholarship, we’ll do our best to give you a thoughtful, well-reasoned response.

So let’s get started...

Hey Guys: why are Chinese people so racist towards black people? I mean really. I am from Nigeria and I have lived in Guangzhou for 6 months already and I can tell you that a lot of people here really don’t like black people. What %$^&#* me off so much is that there are so many more Chinese people who live in my country and yet they don’t get hassled anywhere near as much as we do in China! Why?

— Sent from Guangzhou via email

Yeah, you’re totally right to be upset because it sucks big time to be on the receiving end of any kind of discrimination, racism or prejudice. So we get that. Before I go any further, though, I also want to point out that none of my explanations here are intended to justify people being jerks and their bad behavior. However, there is a context here that may be helpful to shed some light on why some Chinese people seemingly respond negatively to blacks, whites and people of other ethnicities (yes, it’s not just a black thing).

The Chinese will take every opportunity they can find to talk about their 5,000 years of history and that theirs is the longest continuous civilization on Earth (which is pretty impressive). For all of that history, including the present, China has been almost exclusively a mono-ethnic culture that is basically ethnic Han Chinese. Moreover, throughout Chinese history there has been a strong belief that they are superior to all other countries and people. As you may already know, the word “China” in Chinese is pronounced “zhong guo,” which literally means “Middle Kingdom,” or in plain English, “The Center of the Universe.”

So combine the fact that there has long been a sense of cultural superiority that is deeply ingrained in Chinese culture mixed with the fact that the vast majority of Chinese people you meet on the streets of Guangzhou have probably never interacted with someone of another race or ethnicity and, well, you have all you need for a lot of cultural misunderstanding.

But wait, there’s more…

When I worked at a radio station in Hong Kong way back in the day (really really way back in the day in 1990), a young student intern in the company would often quiz me about life in the U.S.. Not surprisingly, it didn’t take long for our discussions to turn to the issue of race. For someone who’s grown up largely around Chinese people, she was particularly intrigued about what it was like to live in a more racially diverse country. Interestingly, though, when I turned the question around and asked about her views on black people in particular, she became much more animated.

She told me straight up that when she sees a black person on the street she crosses the street in fear. Wait what?!

Curious about what in the world could provoke such mortal fear, I had to find out what she was so afraid of:

“Have you ever met a black person?” I asked. “No,” she answered without hesitation.

“Have you ever even spoken to a black person?” Again, without any reservation, she said, “no.”

“So let me get this straight,” I followed up feeling a bit agitated over the stunning level of ignorance, “you’ve never met or even talked with a black person but yet you are so afraid that they might hurt you that you cross the street to get away? It just doesn’t make any sense.”

She then went on to explain that the only black people she has ever seen are in Hollywood movies and in almost every movie the black person is the violent, bloodthirsty bad guy who hurts people. “So I know what I see from the movies and I just don’t want to take any chances,” she explained with that “duh” look at me as if I was the idiot!

That night I went to a movie theater to try and see the world not as an American who grew up in a multicultural environment but someone who is ethnic Chinese. I saw the Sylvester Stallone movie “Cliffhanger” (totally dating myself here, I know) and sure enough guess who was the bad guy who tried to kill the white movie superstar? Yup, the main black character! Not only that, he had blood dripping from his teeth and depicted to be not only violent but immoral, and since that was the ONLY black character in the film, it highlights just how racist American films have been and continue to be today in their depictions of black and brown people.

So to wrap this all up, sure, there are racist jerks in China just as there are everywhere. However, a lot of these people are struggling themselves to live in a suddenly new multicultural environment that challenges a lot of what they have learned from their own culture on top of the fact that a lot of the messaging about black people they consume from Hollywood and elsewhere contributes to their ignorant attitudes.

As China engages the world and more of the world comes to China, a lot of these views will likely begin to change. It will take time… so in the meantime, the best thing I can tell you is hang in there and good luck!

— Eric

Ask Eric & Cobus at questions@chinaafricaproject.com. Subscribe to their weekly email newsletter at www.chinaafricaproject.com and subscribe to their weekly audio podcast at www.itunes.com/ChinaAfricaProject or from your favorite podcast app.

http://www.huffingtonpost.com/entry/china-racist-black-people_us_576a9840e4b065534f485002

Whatever the outcome of this lastest arraignment of Saraki and co, one thing is certain, Saraki's political ambition for the office of the presidency is already in tatters. His political stock level is very negative - real bad market for any political party.

Twice within 3 months, he has been in the accused box of a law court.

I'm pretty sure he's not enjoying all these unnecessary attention.

....and so the story continues until further notice (after 2019)...

Why should PMB resign?

If this is true, the people of Ekiti state's eyes have opened - no to stomach infrastructure.