₦airaland Forum

Up Ghanaaaaaaa!!!!

Now you have infected me too!!!

Hate to say this, but I haven't gotten a single intelligent response from peeps on this side. . .
No intelligent snicker either. . . Just a loud, flagrant character and a load of grinning peeps.
I'm sure this is not the stuff our entertainers are made of cos I'd read a write up from Banky W (Or is he just a one off?)

Methinks the colors are kinda harsh. You mite wanna tone down on it a lil'. . .
Too many buttons. The new one is not appealing to the eyes (Not like the old one does)
But of two evils  I'll go for the older one.

But Cool FM was never like that.
A good number of them came from cool FM.

And its not about awoof. The fun and IQ reasoning thing was my main reason. I have ordered tickets already. Nonsense peeps.

Now, here is a proper Nigerian radio station in action.

Olisa Adibua asked two questions this morning, with a promise of loads for the right answers. 5k, two tickets to Basketmouth's show, a goody bag etc
I gave two answers, but when the answers were announced, it looked like I got one wrong.
I went back to my calculations and I discovered I was right!!!
I sent another sms to point this out. . . No response (Meanawhilla, I got an immediate response when I sent the first sms!)
I called their office, but the chic that picked talked like I was being done a favor. Whatever happened to customer service?

Here are the two questions

1. If 6 people paints 9 rooms in 3 hours, how many rooms will 4 people paint in 12 hours?

2. Before Mount Everest was discovered, which was the highest mountain peak?

Instead of playing hide n seek, do they have to promise what they cant give.

My answers were not even read out of the wrong options the read out on air.

Na wa o. I feel so cheated. . .

playah P:
akinbile is legit, i have had dealings with him for like 2 years now and i haven't been duped, please check your self ooohhh

Me guts tell me thou art Akinbile

Angelina Jolie!
Eva Mendes too . . .

Femi, just to point out a few things. . .

Bank's dont give bad loans. Loans go bad when they do not get repaid as and when due.

The primary duties of any bank is as follows:

Make loans available to those who need them
Act as an intermediary between those with surplus and deficit funds

Lastly, there is no law anywhere that says loans must be collaterized. You are only collaterizing for your own safety.

[quote author=Abbey_city link=topic=2271.msg4508799#msg4508799 date=1252486109]freezy!! do u mean u clock 2yrs old today? [/quote]Nah. . .  Was 2 years on this blog earlier in the year. Some of us have been around for quite a while

Meen!!! How time flies! Cant believe this is two years old. This was some crazy sit back in them days.

Let assume the notes printed were in 1000 bills.

How many N1000 bills would printed?

= 420000000000/1000

= 420000000 bills of 1000.

If 420m bills cost 100B,

The cost of each bill should be 100b/420m

= About 238 naira per bill

if N500 bills approx 238/2 = N 119 and so on and so forth.

So, looks like it in the range of the $3 mark, if you ask me,

Dear Uncle Gani,


I really was hoping you'd be you'd be to pull off the stunt with EFCC's Waziri. Pity. I'm sure she'll heave a huge sigh of relief. . .

We love you, Uncle Gani, but God knows best. Rest in Peace, Sir.

A mallam will always remain a mallam. This what you get placing mallams at sensitive spots. More to come in the Yar'adua series.

September 1st here. We Rock.

You wanna try rat poison? It leaves lil' trace and you get to marry again. . . in church!!! All the best mate!

Look here guys, dont get hoodwinked that Islamic banking does not charge interests They CHARGE interests, upfront.

It works this way,

I want to buy a car. I approach an Islamic bank for a loan to buy the car. The bank goes ahead, buys the car in its name and sells it to me at a higher price. I pay back monthly and the car is in the bank's name till I pay in full.

And you tell me it is interest free. . .

Can these banks give TODs, ODs bla bla without making an income?

Interest free my black hairy behind.

Afam:
I cannot support any insults targeted at this woman. I needed to clarify that employing people while engaging in financial recklessness on other peoples money is not right.

Good enough Jakumo has made amends for his comments.


No one lost money? So money just appear in banks without people owning them?

SLS did more evil simply because you disagree with what he did even when majority of Nigerians (based on media reports from the man on the street to newspapers and analysts) are in agreement?

You may have a good knowledge of Zenith bank's debt portfolio just as I am sure some people had good knowledge of the debt portfolios of the 5 banks before the expose.

Billions of naira given out as loans without collaterals and you think anyone can justify the financial crimes these CEOs carried out?

Ok. So, who has lost money? Looks like you need a better understanding of how banks work.
Banks are not made up of shareholders funds alone. Ever heard of debenture n the likes? These guys also have their funds in these banks for chrissake.

You may have a good knowledge of Zenith bank's debt portfolio just as I am sure some people had good knowledge of the debt portfolios of the 5 banks before the expose.

My point precisely. I have an idea of Zeniths'. I also have an idea of others. Why did Zenith not get the axe? (Zenith got a warning. . .)

Now, dont get me wrong, chief. I am not on the warpath here. I'm not supporting these CEOs either. There were shady deals and all but I am saying all this is like giving you a gift with the right hand and collecting double with the left. If I know our government well.

Do you have an idea of how long these creeps have been removing fuel subsidy? As far back as 15 years ago when I was in secondary school, and all the subsidy has not been removed till date.
The cycle goes thus: Fuel price increase (in the name of subsidy removal); protest from every one; partial reduction; in 6 months to one year, another fuel price increase (subsidy removal). Now fuel goes @ N65 per liter. Subsidy will soon be removed, it goes to N100+. The same cycle goes on and on and on.

So like I have been advising, fear the Greeks and the gifts they bring. They never have our interests at heart.

@ Jakumo

Now, that was a commendable post. Shows you are not as bad as some claim you are.

Now, I am saying this (with the fear of being labelled a loyalist to these guys)
1. No one lost money. The money lost were those of the failed banks on watery foundations pre consolidation. If NDIC was fully active, The people that had money in those banks would have had their money back before you say Jack. Most of them are getiing it back now, anyways.
2. CBN gave us news of impending disaster only to inject funds in Tier 2 (not Tier 1) capital
3. Agitation and anxiety in the finance sector came from CBN's descisions

Now, whilst I am not saying these guys had shady dealings, SLS did more evil than good with his proclamations.
I have a very good idea of Zenith bank's loan port folio. I dont see any reason why he did not get the axe too.

Whats all my rambling about?

There is more to meet the eye from SLS's, CBN and the whole works.
This is the classical definition of a Trojan horse. they are making peeps focus attentions on the wrong doing of specific CEOs and not the Nation's predicament.

Never trust the people at the helm of affairs. They never have the interest of the general populace at heart.

PS.
Tier 1 capital - This is the trading capital of every bank.
Tier 2 capital - This is the reserve capital. Banks rarely touch them. You dont touch Tier 2 till you no longer have Tier 1, i.e. liquidity problems. i
If there were considerable liquidity problems, such funds should go directly in Tier 1 capital.

Afam:
Now, who has been robbed? Oceanic has emplyed peeps for more than 20 years. Their salaries did not come from a year's business gone awry. Of course, they do loads of genuine businesses. 250b went doubtful and we hear the cry "Wolf!" (Oceanic, I hear is worth almost 1.5tr.)
Someone has given back to the nation. That is my point. Are you aware that some of the loans that went bad were courtesy, the Federal Govt of Nigeria? Check Acquitane's books. the FG has refused to pay up on contracts awarded (Of course the loans were guaranteed!).

And I am sure you read that part of my post. . . Or u might want to read it. . . again
And my comment of Oceanic employing 20, 000 originated from name calling.

It is still not an excuse to call such names.

Now, who has been robbed? Oceanic has emplyed peeps for more than 20 years. Their salaries did not come from a year's business gone awry. Of course, they do loads of genuine businesses. 250b went doubtful and we hear the cry "Wolf!" (Oceanic, I hear is worth almost 1.5tr.)
Someone has given back to the nation. That is my point. Are you aware that some of the loans that went bad were courtesy, the Federal Govt of Nigeria? Check Acquitane's books. the FG has refused to pay up on contracts awarded (Of course the loans were guaranteed!).

Apart form the fact that these guys have helped, the fact that she is an elserly person is enough not to call names. Since EFCC is receiving permission to prosecute, let them go ahead and let the law take its course. Insults? No. I aint no party to that

Guys. Take it easy. The Cecilia Ibru's dealings did not crash the values of shares in the capital market. The Econominc meltdown, which originated from the US did. What these guys did was to cash on the "bullish" markets then. One of the clauses to such loans are "We shall sell off these shares once the perceived market value fall below a certain amount. . ." This they failed to do (and Stanbic IBTC did beautifully), hoping the shares would rise again. Unfortunately, the shares did not and that gave rise to the mess we have today. Simply put, high risk=high returns or high losses.

Now, for that fella calling Cecilia names. . . That was not very nice. Oceanic bank employs more than 20, 000 peeps. If u know how many lives that has bettered, you wont be quick to call her names. Same goes for the other bank chiefs. What value has all these freaks in power added? All they do is take, never giving.

Watch the Greeks and the gifts they bring! I still say, time will tell what these guys are up to. Time will tell.

Arrest ke? For where? bros, this is naija o!

News getting to me states Waziri and her cohorts are still preparing to arrest, and are in fact giving the debtors who are running around to source funds, another grace of 24 hours . . .

Do we need an Ifa priest to tell us that serious palm greasing has gone on is still going on between yesterday and today

Nonsense people.

LAGOS—The Economic and Financial Crimes Commission, EFCC, led by Farida Waziri, will today storm Lagos with 100 operatives and two Mobile Police units to arrest all loan defaulters who fail to meet the seven-day deadline given by  last Tuesday to pay up or have their properties sealed.

Meanwhile, the umbrella body for Nigerian lawyers, the Nigerian Bar Association, NBA, has asked  EFCC to follow due process  in the plot to arrest some of the former bank executives, recently relieved of their jobs by the CBN and declared wanted by the commission on Sunday.

A source close to the commission revealed that seals running into thousands were released to the operatives to seal up property belonging to the loan defaulters.

According to the source, specially designed seals for private jets were also prepared by the agency as most of the defaulters own private aircraft parked at the airports in Lagos.

It was also revealed that the amount paid back so far “is paltry when compared to the magnitude of what the debtors are owing.

The property of the debtors would be sealed up in different parts of Lagos that have been penciled down by the anti-graft agency before the sledge hammer of the apex bank slammed against the banks barely two weeks ago”.

The source explained to Vanguard that “the operatives left early this morning (yesterday) to enable them arrive early and carry out the operations as directed by the chairman as excuses will not be accepted for any failure.”
When asked of the possibility of being influenced by the loan defaulters, the source simply said “our operatives are well paid.

They see this assignment as a challenge than monetary rewards, in short they cannot be influenced by anybody.”
When contacted, Head, Media and Publicity of EFCC, Mr Femi Babafemi confirmed that operatives had been sent to Lagos as the deadline elapses by 12 midnight

http://www.vanguardngr.com/2009/08/25/waziri-100-efcc-men-storm-lagos-to-arrest-debtors/

So lets get sumn straight. If it starts on Saturday, that means it will end on Sunday September 20, aite? And the Id-El Fitri celebrations will be on 21st and 22nd. . .  Am I right?

I think I am. . .

Not too sure tho. . .

Hi guys!

A friend of mine (female) has got about 800k for a car. What'd all y'all recommend?

Counting on all y'all

Thanks mates.

Ituen!

You think I dont visit the blog anymore, shey? That's why you are copying my jokes, abi?
Mind yourself o!
For your punishment, you are sentenced to two bottles of big stout

spikedcylinder:
A lot of people are hypocrites sha.
These same people bashing the OP for being "materialistic" will be the same ones telling you that they want their wives to be 6 ft 5" tall, 38DD breasted, 70GG assed, non hair on legs and chest, non vocal, non pimpled, non brazen, highly virgined, ex boyfriendless, highly submissive, one or two awards as super chef, Martha Stewart wannabe, super smart, at least one or 2 Phds etc. All these and she must be a youngin at 21.

Oh, you don't like that a girl also wants to and should be allowed to choose, abi?

Believe it or not, that's peripheral. Most guys are very content with moderation in all ramifications. . .

Lai Alabi (Intercontinental) - Dunno Much. former ED Union Bank
Funke Osibodu (Union Bank) Was disgraced out of Ecobank, left for First bank as an ED was staged out, , before going to Viju
John Aboh (Oceanic) - Union Bank, First Bank
Nebolisa Arah (Afribank) - Caused trouble Fidelity discount house
Susan Eroche (Finbank) Funke's friend. They chop money together

Looking at this list, I think I prefer the ousted  crew.
We really can deceive ourselves in this country.
Fela was so right

Mine was the blue screen Samsung without an antenna. N-500 or sumn. . . Cant really remember the name. Got lost on a Friday as I left the school premises (I was feeling cool in my native attire). Gosh! I cried for almost 3 days!

Post ==> topic relevance please!!!

dedeike:
lets not derail from the topic. An accountant or doctor can buy a jet depending on his place of work.  A consultant with any of the oil companies can afford it. these guys are paid in dollars.i know of a consultant ophtalmologist with unicef who earns $45,000 dollars a month in addition to other mouthwatering allowances.

Bros, that your quotation harsh o! Are you sure that is per month? Are u sure that does not include research allowances and fellowship/study grants? Check you figures again o.

Tpia
Babe. You harsh o!
Send your resume to freezeyo@yahoo.com (if really you are not employed yet).