why not mine your own bitcoin, check this cloud mining site out https://hasheer.com/r/x6y8jw they offer free 500GHS for first one week

A defect in one of several genes that produce or distribute melanin causes albinism. The defect may result in the absence of melanin production, or a reduced amount of melanin production. The defective gene passes down from both parents to the child and causes albinism.

It cannot effect your kids unless you also have a recessive Albino gene.

jeffcheddy:


All am saying is health factors...
She has health defects... Eyes,skin etc.
I wouldn't want my kids to suffer those things.
That's my point. I'm just being honest here.

can it fly for 2.2M ?

hello babs,

your line is not going.

where is it located?

Hello, please do you have pictures of the property?

on a scale of 1 to 100%, i will give him 0%. He is the worst thing to happen to this great country of ours. and i am from the south south region.

Hello All,
I had already given up on this recruitment, but to the glory of God my wife called me yesterday to tell me that i have a letter from NNPC. left work early(7.30pm) yesterday to see the letter for myself.

I pray for everybody in the forum.

Bye Bye to Bank work!

will you be able to deliver in my office in VI, only need 2?

How much is the rent?

can the 1 BEDROOM FLAT AT 21 ROAD go for 2.5M?

what floor is the 1 BEDROOM FLAT AT 21 ROAD.N3M at Festac and what is the rental value of a one bed room?

is there no 3 bedroom in game village for sale?

Pictures Please.

My budget is 1m, can you help a brother?

if another election is held today, who do you think will win?

?

A great Man died Yesterday!!! RIP Steve.

If this is true, then Nigeria needs a Gaddafi, as non of our Rulers(they are not Leaders) have done half.

Goodluck is just clueless !!!

@Focusmind and comprende

Check your mails, i just received the case study in my mail box.

A People deserve the kind of government they get. Goodluck to you!!!!

Location please?

Uglycat why?

Ade0001 (m)
Lagos
Posts: 89

Offline Offline


Re: Intercontinental Bank Advice 350 To Resign Immediately
« #2 on: Yesterday at 03:20:01 PM »

@poster, sorry if you or anyone close to you was affected by the sack, but the news on ThisDay on Friday was that 650 was promoted and 171 sacked.

Lagos (WorldStage Newsonline)-- Intercontinental Bank Plc on Friday announced the promotion of 653 members of staff in recognition of their hard work.

Also, 171 employees were said to have been disengaged based on poor performance and disciplinary issues.

http://www.worldstagegroup.com/worldstage/index.php?&id=1563&active=news



Intercontinental Bank Promotes 653 - THISDAY ONLINE / Nigeria news , 31 Dec 2010 , The management of Intercontinental Bank Plc has announced the promotion of 653 members of staff in recognition of their hard work. ,

www.thisdayonline.info/nview.php?id=191095


And note that long queues at ATM does not reflect the service quality.

Millage and VIN if possible?

if you are serious you will call and get these details from him. i will not respond to this tread again. have a great day.

call this number 08029958989 his name is Mr. Adams Ogunfadeke he lives in the estate. i can say he is reliable has my colleagues and I have bought through him.

try IBA Estate, behind LASU, these are block of 3 bedroom flats and the prices are within that range.

How much is the rental value for this 3 bedroom flats?

Sanusi’s First Bank: The Man’s Hypocrisy And Double Standards

Apr 6th, 2010 By Victor Shodipo


The statement below is an excerpt from an Equity Research Report of StanbicIBTC Plc (StanbicIBTC is a leading investment firm and deeply involved in CBN’s reforms as Adviser) published in ThisDay of Sunday, March 21, 2010, page 31.


“Given First Bank of Nigeria’s exposure to the oil and gas company SeaWolf, the bank faces risks of oil price volatility and instability in the oil and gas sector. The bank’s credit exposure to the company is currently about 29% of its shareholders’ funds. The CBN has instructed the bank to reduce its exposure to 20% by 31 March 2010. The bank intends to sell down its exposure to 15% but we do not believe this is likely because of the current low risk appetite in the (banking) industry”.


In July 2007, First Bank provided SeaWolf a US$260m bridge facility for the following:


• To acquire 100% of the equity of Mosvold Jack up Ltd (a publicly traded offshore drilling company quoted on the Norway Oslo Exchange)

• To make scheduled payments for two rigs under construction (MSV 104 and MSV, renamed Oristetimeyin and Onome)

• Make down payments for the purchase of West Titania (now Delta Queen) from Seadrill and;

• Meet operational and administrative expenses.

The global economic crisis, which resulted in a huge dip in oil prices, had a negative effect on the quality of the loan and the bank had to convert some of it to equity and also extend the duration due to low cash flows from the project.
Source: Thisday, Sunday March 21, 2010.


This loan to a single company is currently 29% of FBN shareholders’ funds according to the Stanbic IBTC Plc equity report. As at September 2009, First Bank’s Shareholders funds stood at N309 billion. 29% of this comes to N89 billion. This means First Bank’s current exposure to just a single loan is N89 billion well above the 20% limit set by the CBN!


It is important to note that this loan is not performing as expected hence the bank’s initiative to convert part of the loan to equity and sell a portion.The Daily Independent Newspapers, it will be recalled on January 20, 2010, had done an extensive report on the shady dealings that went into this facility which was given when Mallam Sanusi was the Chief Risk Officer of First Bank and later supervised as its MD/CEO.


Despite the fact that this loan is of doubtful recovery, the CBN under Mallam Sanusi turned a blind eye to this facility. First Bank’s total provision was N29 billion when it should not have been less than N118 billion if the provision for SeaWolf alone is added. This loan also raises more fundamental issues.

• What sort of ‘Risk Expert’ will approve the granting of an N89 billion loan to a single company that as at the time of collecting the loan was less than a year old?

• The Company was incorporated the same year (2007) it applied and got $260 million facility from First Bank of Nigeria Plc.

• Is it not hypocrisy that the same Mallam Sanusi that recommended the approval of this loan now turns round and refers to other bank MDs’ as reckless?

• What could be more reckless than risking 29% of your shareholders’ funds on a single obligor that has no track record in its industry of operation?

• Is it not the same global economic crises that torpedoed this business that also affected the Nigerian stock market for which reason Mallam Sanusi invaded the targeted banks?

The above report clearly further reveals the hypocrisy of the Mallam Sanusi’s largely personal attacks on the removed bank Managing Directors. This is a loan that has gone totally bad or at best has entered the stage of doubtful recovery.

While CBN forced its captured banks to make full and immediate provision for all facilities of doubtful recovery on its books, Mallam Sanusi has secretly given First Bank up to 31 March 2010, to “reduce its exposure to 20% of shareholders funds.”

Clearly, what is good for Sanusi at First Bank is not good for other banks.

MR. AG PRESIDENT, NIGERIANS COUNT ON YOU TO RESTORE ECONOMIC SANITY AND PROGRESS.

SIGNED



VICTOR SHODIPO

RENAISSANCE PROFESSIONALS

victorshodipo@renaissanceprofessionals.com