theAccountant:

Just one question, What does the Chinese firm do?

theAccountant:
A bad year for me again, saving only 5million naira.
I spent too much on slay queens and grooving though.
Next year shall be better.






Haters, go to your own thread and argue.

Cc airforce1

Lincolnburrows:

You must wait for a bank. Why not go into a partnership with someone. I will be willing to listen to your ideas.

amicable09:
Understanding Bank Lending is inspired by a conversation/chat I had yesterday with a friend. It might benefit the general public so I thought to share.

More to come...
*******************************************
Some minutes past 10am yesterday, a friend from school who studied Theatre Arts and is currently in the movie industry featuring in epic films and slowly rising as an upcoming star actor called me to request for my bank's partnership with him for a movie he's planning on shooting.

Bank, partner with an individual ? An individual who hasn't registered his company name with Corporate Affairs Commission (CAC). A young graduate in his 20s who is still trying to find his feet in the entertainment industry wants us to fully sponsor his film project. That's funny. I told him to chat me up as the conversation was going to be a long one. Then we began.

I decided to share the history of that chat here because there are a lot of people complaining that Banks don't encourage SMEs, banks don't encourage entrepreneurs, banks don't give loans to retail customers and so on. Not quite true. I'll explain why.

When you accost your account officer or walk into any of your bank's branches on a beautiful day after returning from your dreamworld, you are full of ideas, so much fire in your bones, very optimistic about your dream of being your own boss and an employer of labour but you need to understand what we see when we listen to your big dreams.

The loan/overdraft/import financing/LPO or whatever it is you're requesting for when you approach your bank will come at a cost. Why? Because banks don't print money. We take from areas of surplus (depositors) and give to areas of deficit/want/need (borrowers). This is a huge risk. A very risky business for banks because anything can happen to the individual borrower the next minute. He might die. His warehouse might be razed down after financing the stock in his warehouse. Or on the brighter side, he can go on a vacation to an island with his family and enjoy there till eternity.

Depositors money comes at a cost (interest accrual) to the bank. When we take Kabiru's savings and give to Michael for business and Kabiru walks into the bank the next day to request for his money, what do we do? Tell him we don't have his money anymore? If we try that there will be a run on our banks across all states. People trooping into our banking halls or using their mobile phones from the comfort of their homes to transfer their funds and we don't want that.

Yet, we are in business to serve customers. To offer financial intermediary services so we have no excuse you'll say. I agree with you but overtime banks have had their hands badly burnt therefore we need to apply caution as we discharge one of our primary responsibilities to our customers.

And what is that?

COMFORT

What comfort or collateral have you when you approach your bank. Please don't tell me you have a ready market with buyers waiting in line for your product like my friend told me. If it be so, why don't you leverage on spontaneous financing? The proposed buyers can actually pay in advance as they eagerly await your production. That way, you have money to produce or you can approach the bank with that deposit and it can be accepted as collaterized deposit. That is one form of comfort for the bank. At least, the facility will be cash-backed. No shaking.

Again, we ask to see previous works you've done in the past and you tell us you haven't done anything before but you believe so much in yourself that you want the bank to use your confession as bond. It doesn't work that way. No track record. No past successes to reference and you want your first project to be a block buster. Things don't work that way. Start with the little you have. Do small things first and show us the results. From the antecedents, we can be better prepared to offer financial assistance with your promise to pay back.

I asked my friend who is requesting for bank loan how he intends to pay back and his response was as expected, filled with high hopes. "Local movie houses will buy the movie once it's out. In fact, marketers in Alaba and Onitsha are already on ground. I've spoken with them".

Can you see the dilemma we find ourselves? I'm happy he has their commitments but is there a legal agreement, a partnership deed to close this deal? None! How sure are we that after producing a high budget movie it will not be underpriced? Have you taken into cognizance the commercial side of this project? He responded in the negative but insisted that he has it all figured out!

If it doesn't go as planned, what should the bank fall back on?

He said it will go as planned.

Sometimes, your optimism is not what makes a project work, your understanding and preparedness for failure produces success.

Questions and Reactions are welcome
My friend is like the hundreds of thousands of youths out there looking for a way to hit it big from the start.

Take it slow guys...

Your bank is here to serve you. Trust us to deliver.

mitevjhfddv:
Besides I did not lie to any gods, I didn't even lie to you which is the mouth piece of the gods.


All the nairalanders chsnllaging you why don't you tell the gods about them and let him do his worse to them. Stop using the fact that you're an ifa to be destructive to ppl .

gudxson:
Hi Explorers, Great Job.

Quick question, am looking for where to buy scrap metals in tons or mega tons. any idea of a place to get these in Nigeria? Thanks

gudxson:
Hi Explorers, Great Job.

Quick question, am looking for where to buy scrap metals in tons or mega tons. any idea of a place to get these in Nigeria? Thanks
Am from Benue State and what you are looking for is in abundance here.
Contact me if you are interested.
08021384843

luvlyADESUWA:
Please show your business plan and if its achievable, I will key in

hopefulLandlord:


that monicker is always there to defend Babalawos lol, might actually be Babalawos with an alt haha

NPComplete:


Don't mind the fraud. The guy is as fake as anything. He just comes here to recite shit to halfwitted morons who will believe him. We have caught numerous times disgracing himself here.

Originakalokalo:



He said he worships God .

And that pastors come to get powers from them.

Pls read the thread.

Originakalokalo:




All the Power on Earth and in heaven belong to Jesus.

Whoever seeks Power from you is looking for powers from the demons/ devil.

You don't worship Jesus in your shrine.

And if you don't, you simply worship the devil's.


You can't sit on the fence.


Let me tell you something.

Those things you gather in that shrine are chaff and dust in the presence of the Holy Ghost.

Look for the highest power.

Babalawos:
Thank you for your compliment and testimony. I so much appreciate it, the Irunmoles appreciates it. Most people do not like to affiliate themselves with Babalawos publicly because of the stigma that goes with it but for you do so?

When you call, ten will answer even your enemies will answer.

Wisdom is better than wealth and riches, better than silver and gold. May Orunmila give you wisdom, knowledge and understanding whenever you cry to Orunmila.

It is a taboo for a child of Ogun to die by accident, cutlass or knife. May Ogun protect you from accident, cutlass and knife whenever you cry to Ogun.

When a child cries, the mother answers. May Aiyalala protect you from all injustice and avenge you whenever you cry to Her. Anyone that curse you will receive the curse x100.

The sea never run dry of wealth and riches. May you never run dry of wealth and riches whenever you cry to Olokun.

Ase

Chubhie:

Your babalawo has shown on this thread that he won't hesitate to use confidential informations supplied to shame any one aggrieved client.

No true spiritualist would break such confidentiality just to score cheap bragging rights.

Zenlife:


Your several attempts to hide or evade user 'IditaBoy' observations and queries won't shield or help you. No way.

As you rightly know, I cancelled my divination inquiry (not your lousy face thing which many expressed disappointment.) soon as I sensed you are FAKE. I questioned why you address spirits and confined them to physical space and limit like humans. That's what went down.
I marked your FAKE ass since then.
Besides, with my Oba palace affiliates, you can't do shiit for or to me punk.

You are NOT cut out to be an Ifa initiated.
You lack poise. No reverence. No tact. No composure. Easily rattled. Short fuse. Ego filled.
Threatening. No discipline. Etc, etc.
You're are unqualified period!

'IditaBoy sure had you scampering helter skelter for cover or a place to hide like a bat outta hell with its head cut off. Yes, I enjoyed it all.
Not only did he expose your FAKE ass more, he schooled your stinky black arse about IFA.
He taught you in simple terms NOT TO BE A LIAR.

BABALAWOS you're nothing but a common thieving, cheap copy and paste scoundrel.
You're are so incapable that you can't even copy correctly. 'IditaBoy corrected and taught your lying behind about IFA practices period.
I am certain you're not versed in Yoruba to pronounce it correctly, which according to 'IditaBoy is prerequisite for being an Ifa priest.
So shameless FRAUD, what IFA do you profess to practice?

Having access to photos like that related to obatala as pointed out by 'IditaBoy which you deceptively represented as Ifa, materials to copy and paste makes you not an Ifa initiate.

Your antecedents confirm you are NOT an Ifa priest. You may likely be nothing but a common bag carrier for true initiates.
A hood doesn't make a monk.

If you are worth your salt (which you aren't)
Answer 'IditaBoy's observations and queries.
Not the lousy watered response given.

Now you hungry wretched of the earth listen up and listen good.
I am the son of a most powerful Oba palace chief. From the late Oba down to the fourth in palace hierarchy are all my father's boys. I eat andnd dine wiith them regularly at the palace and their homes. I can easily ERASE YOUR FAKE POWERLESS PUKISH arse.

I CHALLENGE YOU TO DARE ME DOUCHE BAG.
YES. I CHALLENGE YOU TO A SPIRITUAL DUEL.
Stupid boy.

Babalawos you're
A FAKE.
A FRAUD.
A SCAMMER.
A CONMAN.

Nairalanders avoid this moronic despicable fraudster. He is a plague looking to dubiously collect your hard earned money.
Don't give him a penny.
Don't pay him a visit unless you are too eager to be used for Money rituals.

If you need assistance look to kadunasouth or omoosanyin, true practitioners of the trade.
Other FRAUDS like babalawos have been silenced, just like he too will be.

Yeah, am o burst your FAKE, FRAUDULENT, NONENTITY bubble punk.
Emi da re. Supo.

shiooooor!!!

Zenlife:



Gotcha!
When you are unraveled, your true essence displays itself.
You're are not cultured or disciplined enough for your fraudulent cut and paste claims on this forum.
Yes Ogbeni babalawos, you're a FRAUD.
What an apologetic degenerate.

Thanks to the user 'IditaBoy' for cornering and exposing your fairy arse.
Lol.
It was fun watching you scampering for the softest sand to bury your head. He with knowledge not only punctured all your defenses but educated your wannabe babalawo scum shiit.

You can't curse shiit. You got absolutely No power. You're Fake. You're a Fraud. You're a Liar from the pits. Fawking renegade..

Professional copy and paste lying dung.

I dare you. I challenge you nonsensical abominable puke. Son of a you know what.

Atunwa e....gbosa. Hungry man.
if I curse you, hell won't contain bums like you. Damned wretched of the earth.
Douche bag!

Rere run.

Ojo kin pa ewe ikoko.

Rubbish!!!

Originakalokalo:



Evil.

When men slept the ENEMY CAME AND SOW TARES.