₦airaland Forum

Lithiumite:
Why is nobody talking about ADC,when obi was with them it was the main trending party after apc even ahead of pdp.......obi leaving took the wind out of their sails,many aren't even discussing atiku as a frontrunner but its PBAT or OK ......obi did the right thing by leaving,he wasn't even supposed to have gone there in the first place.

Instability doesn't augur well for any party,why did tambuwal and sen lamido stand down,why arent new politicians decamping to come get ticket......ashiru in Kaduna,gawuna in Kano all cane in with so much fun fair but they have all gone cold.

We only had time for ADC when Obi joined because we were looking forward to him contesting the primaries and coming last.

But he was begging for consensus and so we knew he will soon japa

But the very first reason is why Obidients are championing their obi.

Even Obi left PDP because the party refused to zone their ticket which he insisted was the turn of the SE

brain54:
Thanks for adding another useless information...


Bye!

Pls show us one case banks loan without collateral?

brain54:
Collateral is bring something of value before I even consider your idea and give you loan...


I may not even care how to pay back... just give me anything that is worth the value of the loan I am giving you 3 times over.

Not everyone has valuable collateral even when they are into business. Just what they have the potential to generate.


When they are educating some of you you would be going around and round in circles arguing for the sake of argument. What concerns obidients now with what I have been saying?


Is good credits and assets the same thing as collateral? And you think you are not the one arguing in exercise in futility and wasting my time?

Trump was convicted in a NY Federal circuit court for inflating his assets so as to secure financial loans from several banks

You present your net worth to banks when processing a loan.

The bank assesses your risk level based on past loan repayments (credit score) and marches it with your stated assets.

The system in the US is different from dropping documents of properties and in the event the loan fails the bank will notify the insurance company who will begin the recovery process..

The only way an individual can wriggle free is to declare bankruptcy which prevents the recovery company from touching your assets for the next five years. During this period, you won't have access to loans.

If the recovery company sees you declared assets are far lower than what you declared, they will charge you to court for fraud.

There is no where in the world a bank will loan to you without anything on ground to recover their debt.

brain54:
Is debt recovery the same as collateral before giving out the loans? Or you don't know what collateral means?

Debt recovery involves going after assets of the debtor if he fails to honour his loan obligations..

Is that not what collateral serves in a loan agreement ?

Trying to reason with you obidients is an exercise in futility.

Banks loan to only people with good credit and assets to match the loan being offered.

brain54:
They only look at your financial books, see what you can generate or your revenue and give you loans based on that record- without collateral!

And you think this how banks operate?

70-80% of new businesses fail.

No bank is going to partner with you without having assets on ground.

You might think because you are not required to brink documents of your property as collateral, but the banks will use debt recovery firms to squeeze out every asset you have through a legal backed foreclosure on your entire assets.

The only way to save yourself from this is to file for bankruptcy which most American businessmen have done .

brain54:
Venture capitalists are different...


Banks in other climes do give loans without collateral... every bank accesses the level of risk involved before giving out loans based on these risks involved.


More than 60/70% of business running where I am currently operate with money from bank loans with hardly any collateral.


They only look at your financial books, see what you can generate or your revenue and give you loans based on that record- without collateral!

Every loan is insured by the banks with an insurance firm.

The insurance company are the final debt liquidators if the loan fails and will be the ones to go after the assets of the debtor.

Banks do not care on what kind of business you are into.

All they want to know is if you can repay the loan granted under the terms stated and what guarantees by way of collateral do you have to present in case you can't repay the debt.

Venture capitalists are the guys you meet if you are looking for who to invest and partner with you.

Banks are only interested in earnings on interests accrued on their loans and their capital back .

brain54:
Banks in other climes do give loans to individuals...

Without collateral if you pitch your business ideas with them and they think the idea is sellable and buy into it.


Even in Africa countries like Ghana banks are almost begging people to take loans.


So obi is right on that part.



It's Nigeria that everything becomes difficult and different. And such normal things in other places becomes an aberation and I don't know why!

Big fat lie.

You are talking about venture capitalists .

Banks operate on a risk management level with the loan insured in the case of the loan failing .

Current system is AI driven and not down to whatever rubbish your Agulu Messiah is dishing out lambas

brain54:
Sure. Interest rates is different from specific conditions like collateral...

You mind them.

The issue Giringori should have harped on was the high interest rates and not some phantom zero collateral backed loans

mrvitalis:
Air peace is what it is today because of fidelity bank


When it comes to business support fidelity is top

But hey hope u know CBN sets interest rate not banks

Air Peace that was rumoured to have been floated using diverted funds meant for Niger Delta militants amnesty program during GEJ's tenure ?

Yorubaskullmine:
Obi was once a ceremonial chairman of Fidelity bank.
At no point in time was he the MD.
Secondary Nigerian banking system is regulated by the apex bank the CBN.
As a result, the banks cannot act outside the dictates of the CBN.
Your question should be directed to the CBN.

Which bank gives loans without collateral?

ratcock:
My love for this man keeps growing by the second
His consistency and down to earth demeanor is incontrovertible.
Even his ardent haters cannot point out any flaws except for concocting stories about this man.

Tell him to show you the bank in the UK that gave him a collateral free loan after seeing his third class worthless degree.

Let him continue to disgrace himself with his shameless lies.

So it is your dubious third class that they judged you being an intellectual and then gave you a loan without any collateral.

Which bank in the world over gives out loans without collateral ?

ThiefnubuBandit:
What's the population of Nigeria that will give APC over 10 million voters for presidential Primaries? Just imagine. More than 10 million members voted for Gbola Tinumbu. Kai. Well, they can always feed their online donkeys with whatever they want. Except they want to tell us that primary school pupils of Iragbiji Community Primary School are APC members.

Your Giringori should have gone through same primaries to showcase his own popularity .

So why didn't he?

Person wey no sure say he can win his party primaries

GRV won heavily in that Ibo enclave.

His brothers came through for him and gave him about 75% of his total tally .

This is how Obi will lose in Lagos and the rest of Nigeria.

MoeGood:
This is why we need to stay apart I do not see why we should be together. Na watin you for hear. All the same PO is the man

No one attache pass Una

sirray001:
supporters of Tinubu are supporters of evil

Anyone who condemns this senseless act of vandalism is a Tinubu supporter now to you guys.

His utterances as he went about vandalizing the billboard were he was threatening APC supporters within the community is also what to you ?

This terrorist should be locked up till after 2031 elections.

Oracleee:
I suppose none of your family members or close kin are among the ogbomosho folks. Don't worry, it will go round.

Is he from your hated SW ?

I thought you guys said you have wiped Fulani bandits from Ibo land ?

So is he destroying the billboard because of what happened in Oyo state?

Kingpele:
U can't blame him fulani herdsmen had been killing his people in that axis ,without government doing anything to stop it....the anger is not out of place...

He never said anything concerning Fulani attacks but made it clear that his actions were partisan.

When he is placed before a judge he can explain how and why the billboard triggered his actions to destroy it.

Dogalmighty17:
Nothing must happen to El-Rufai.

Defender of fulani supremacists and people that US Congress declared as being behind the so-called Christian genocide.

Northern Christians, for your own good anything Obidients should be rejected

Streetinvestor2:
You can do same.Tinubu does not need SE votes to win.And obi does not need SW votes to be president. All we need for obi is north,SE and SS votes to win

I have been warning you severally here to stop including SS into your madness.

Mrexcell:
But the same apc govt couldn't track down the fulaniherdsmen that has been killing them for years making them to be refugees in their own land?

The so-called youth leader did not give reason for vandalizing the billboard beyond that "we don't want them here".

His position is purely partisan and his actions shows how extremist he is in going about vandalizing a campaign billboard.

betshopagent:
start from the northerners whom have been doing same since Tilumbu's first year in office

His governor will ensure that he is arrested, trialed in court and then jailed

Tenses:
Do you know if he was the one who sponsored the billboard?

If you like set fire to your own house that you bought or built .

Deliberately setting fire to your own house even if there are no insurance claims to be gained is still arson

CodeTemplar:
Lets see if yekini will go after him when he refused to go after thugs who redirected vote in 2023.

Oh the guy is going to get picked up for sure.

These are the crimes he broke :

1. Arson.

2. Destruction of private property

3. Criminal mischief.

4.. Tampering with election material. Yes, unlawful destruction or tampering of an election poster is considered as tampering with election materials .

Electoral Offences (Electoral Act 2022)
Destruction of Election Materials (Section 126): A campaign billboard is considered an election material. Snatching or destroying any election material is an offence punishable by 24 months (two years) in prison.

The Police can also arraign him for arson and willful destruction of private property
Under Nigerian law, a person tried for arson for the willful destruction of a campaign billboard faces severe penalties as outlined in the Criminal Code Act.

Primary Charge (Section 443): A campaign billboard is legally considered a "structure." Therefore, wilfully and unlawfully setting fire to it constitutes arson, which is a felony punishable by life imprisonment.
Attempted Arson (Section 444):

Even if the attempt to set the fire fails, the individual can be charged with attempted arson, which is a felony carrying a penalty of fourteen years' imprisonment.

Arson

Destruction of private property

Vandalism

Criminal mischief

When they track him down and arraign him in court for this frustration induced senseless crime he will begin to beg

sweerychick:
damage control ain't gonna work, answer the question is there a Christian genocide or not?

The lobby has failed woefully.

This is why this your brother is ranting on X his failed Christian genocide lie while you guys are deliberately trying to use his useless X post as a condemnation by the US govt.

Tinubu deployed the highest level of diplomacy to turn a false allegations against his govt by this your brother lobby slander to his advantage and this your bloda is angry because Trump is now assisting the FG and Nigerian military to destroy terrorists in place of sending US troops to come and give you Biafra.

Pathetic.