₦airaland Forum

defashan:
Jews control businesses and multinational corporations? They are into I.T., manufacturing, Banking and Finance, Top entertainment industries, military hardware and above all politics.

Do ibos control multinational corporations, Do they control businesses? I’m not talking about a man opening his small store at Alaba or ladipo otherwise I’ll be comparing Jews to Asians ‘off license’ shop just around the corner or his kebab shop!!, are ibos into manufacturing? I don’t mean copying and coupling fake goods at Aba.

Are ibos controlling the banking industry in Nigeria let alone Africa? The corporate headquarters of fidelity bank and diamond can not compare to a branch of GTB?

Ogundes, Jacobs were doing big things in the cinemas and Hollywoods ‘reel time’ when the Edochies and ozokwos were learning how to speak.

Do ibos manufacture military hardwares? No, an aboki from the north can teach a UNN physics professor how to couple a few wires to make a big bang...fact. Have you heard of Defense industry Corp? It’s in kaduna. They make all sorts of weapons. Can an ibo man fabricate a reliable pistol that can fire continuously without burning the firer?

Are ibos good in politics?

What exactly are ibos good at? Sports? No you are not. Don’t start with football cos you are dead on arrival. Boxing? Your last hero was Dick Tiger, bless him. Yorubas rule in boxing. Fact...Joshua, google it and tell me one Ibo man who can be brave enough to square a Yoruba man in a proper duel.

Table tennis?? Which ibo man can handle a bat?

You always shout ‘this is not 1967’. When the python csme down, it swallowed your dilektor and his piglets. Has any of you made any noise since then? Where are your ‘gucci’ f rags’.?

Where are your rabbis? Buratai used them to make his suya and rabbit stew.

All you people should just shut up.

spanconnect:


Source: https://www.instagram.com/p/BdCKqLEhB-S/

stonemasonn:
Fidelity bank seems to be the beneficiary of this poo right..

Lets wait for next quarter's performance of the banks.

NgeneUkwenu:
Illiterates!

ceezarhh:
other banks right now...

Meet Nkechinyere Chidi-Ogbolo, 18-year old PhD Student


18-year old Biomedical Engineering PhD student, Nkechinyere Ogbolo dropped by our office to talk about her journey, and what’s next after the release of her debut book, “Tales of an Uber minor in college.” Here's how our chit-chat session went.
More21 Dec
“Does she have two heads?” Nkechinyere Chidi-Ogbolo is that kind of child who parents would use as a reference when advising their own kid, because she has proven to be a whiz-kid. At 18-years, Nkechinyere already has a Chemical Engineering degree from Howard University, Washington D.C, and is presently a PhD student at the University of California.

The depth of her accomplishment piques the interest of many. How did she do it? What inspires her? How has her journey been so far? These questions and more were answered by Nkechinyere in her debut book “Tales of an Uber minor in college,” which was launched in partnership with GTBank at the Muson Centre on the 19th of December, 2017.

Recently, Nkechinyere dropped by our office to talk about her journey, and what’s the next big thing she’s working on. Here’s how our chit-chat session went;

Congratulations on the successful launch of your new book “Tales of an Uber minor in college.” What is the driving force behind your success, which you have channelled into this book?

The driving force behind my success has been my support system, most especially my parents. My mom has always been there for me and she was the one who suggested I compile my story into a book to possibly inspire people that have doubts about achieving the same or similar things I achieved because they don’t have the privilege background that other people have.


Nkechi and some students at GTBank YouRead Initiative

What’s the one message you want young people to take from your book?

Information is a weapon and it’s up to you to use it, so as long as people don’t have access to information they are unlikely to do well. It’s important to have mentors and people in your life who will be your support system and it’s equally important to have a connection and relationship with your parents so they could help guide you. In situations where your parents are barely around, you can find other people within the community that will be your support system. If I can be that support system that will, of course, be great.

Has writing this book changed you in any way?

While writing the book, it dawned on me how much I’ve changed since my freshman year in college. Seeing my growth on paper was interesting. I don’t think the person who wrote the book is the same person I am today. Sometimes, I read it and say to myself, I wrote that? Did I have to tell everyone my business like that? (laughs).

You are a chemical engineer graduate currently doing your PhD in medical research and now you’ve added author to your feather. This raises that popular question we are asked in our younger years “What do you want to be when you grow up?”

(laughs) I do plan to do medical research long term. I’ll also have a lot of things to do on the side, I’m going to have a foundation to help young people empower themselves, there’s probably going to be a musical journey too because I do want to sing as well. There are a few other things but the main thing will be my medical research.

What are your other interests and passion outside your academic pursuits?

I love to sing. Singing makes me happy. I have a karaoke app on my phone that I use to sing whenever I want to de-stress. I also love to watch movies especially K-dramas, Korean movies are my favourite!

You’ve said Information is a weapon. What other topics and issues do you hope to tackle in your future books?

I’m hoping to tackle inequality, for people not to neglect other people in other positions because that can result in frustration and anger. That’s something my mom is very passionate about. I also hope to change the mindsets of people who think they can’t achieve something or get to a certain place because they feel they are lacking something. I want them to know they need not create a ceiling over themselves. Their dreams and goals are possible.

GTBank is committed to talented young individuals like Nkechinyere Ogbolo and to that regards is giving out her book to thousands of young people for FREE. Kindly mention someone, in the comment box, who needs to be inspired by this amazing book.

Jeezuzpick:
That's why they used bullet to do parting in Dora's gele some years back.

AlfaSeltzer:
It's google cache. Stop making a fool of yourself.

HeyCorleone:
Lol.

GTBank can't understand what hit them.

lilytender:
Yes, Ndigbo controls the fake drug manufacturing cartel.

Okoyeeboz:
But when Ojuku was dying, a Yoruba man named Mike Adenuga had to pay for his medical bills overseas.

You control the Pharmaceutical industry but Ekwueme had to be shipped out of Nigeria for drugs abroad.

You control the Pharmaceutical industry but you almost assassinated Dora Akunyili when she exposed your mediocre drug counterfeiters.

Mynd44:
These ones of course are everyly silly and petty.

I just hope someone does not start a reverse on Fidelity bank.

Just that they dont even have customers so no one will boycot them

sarrki:
There as been fuel queues since 1994 to 2017

And I asked in 2015: what manner of anti corruption war will end fuel scarcity and fuel queues?


The answer I got: once we fix corruption, that will no longer be a problem.

This made me to sincerely and genuinely queue behind President Muhammadu Buhari.

What is the problem today ?

That means corruption is thriving

In as much I love him dearly , I should be able able To say the truth as it is

Today I must be patriotic to my country before anyone

Mr president should as a matter of urgency remedy the situation before it damaged the whole administration.


Sarrki .

Visagemedia:
More

nazzyon:
If really Innoson did all this to evade... The only thing I am worried about is how we will save the only functioning coupling plant in Nigeria ... When he starts paying dearly

OBAGADAFFI:
This is not GTB side of the story.

8. Don't post false information on Nairaland.

xbit:
pple are here supporting innoson but we forget that the said money is d money of the poor masses they r dragging lk dis

FlirtyKaren:
GTBank has released detailed report of their transaction with Innoson Motors CEO, Innocent Chukwuma that led to his EFCC arrest. Read below:

1. GTBank has stated they are not behind Innoson Motors CEO, Innocent Chukwuma’s arrest.

2. Rather, the EFCC has announced they arrested Innocent Chukwuma over a N1.4bn fraud and usage of forged documents to secure tax waivers.

3. True story how Innoson vs GTBank war started: In 2009, GTBank granted Innoson several credit facilities (i.e loans) totalling N2,400,000,000,00 (two billion, four hundred million Naira only), to part finance working capital requirements, import new motorcycles and motorcycle spare parts, agricultural spare parts and plastic manufacturing equipment (“Imported Goods”).

4. Under the loan terms agreed by Chief Innocent Chukwuma on behalf of Innoson, proprietary interest in the Imported Goods was consigned exclusively in favour of the Bank. This means that the Bank was the exclusive owner of the Imported Goods. Accordingly, the original shipping documents (i.e. the Bills of Lading) were in the custody of the Bank, and have remained in the custody of the Bank at all times.

5. Because GTBank was the exclusive owner of the imported goods, ownership of the goods could only be transferred to Innoson (or any other third party) by the Bank. The condition in the agreement between the Bank and Innoson, for the release of the Imported Goods by the Bank to Innoson, was the payment of 25% of the value of each Letter of Credit transaction by Innoson.

6. Innocent Chukwuma approached the Bank, on behalf of Innoson, requesting the release of the shipping documents without payment of the agreed+ 25% equity. The Bank declined his request as a result of Innoson’s failure to meet the agreed conditions.

7. It came to the Bank’s knowledge sometime in June, 2011 that the Imported Goods for which the Bank declined to release shipping documents to Innoson in view of its failure to meet the agreed conditions, had been fraudulently procured by Innoson.

8. The Bank discovered that Innoson, under the control of Dr. Innocent Chukwuma had forged the Bank’s endorsement on the bills of lading to the Shipping Line and fraudulently cleared the Imported Goods which were in the name of the Bank.

9. The Imported Goods, being property of the Bank should not have been cleared from the Port without the original shipping documents being endorsed by the Bank in favour of Innoson, or any third party.

10. The signatures of 4 (four) staff of the Bank, to wit, Taofeek Olalere, Dan Attah, Bunmi Adeyemi and Amazu Amalachukwu, as well as the Bank’s stamp were forged on all the shipping documents used by Innoson to fraudulently clear goods at the port.

11. The Bank did not at any time endorse or transfer the shipping documents to Innoson, as the originals of each of the relevant Bill of Lading remain in the Bank’s custody to this very day.

12. When the Bank reported the matter to the Nigeria Police, Dr. Innocent Chukwuma claimed the Bank released the shipping documents to him.

13. Consequently, the Police commenced investigation into the Bank’s complaint, including a forensic examination of the disputed signatures, and established that the signatures of the Bank’s staff were forged, and the Imported Goods were fraudulently cleared from the Nigerian Ports Authority by Dr. Innocent Chukwuma and his accomplices.

14. Police investigations confirmed that Innoson and Dr. Innocent Chukwuma deliberately set out to defraud, steal from the Bank and convert the Imported Goods belonging to the Bank by deceptive means and through forgery and misrepresentation.

15. The unlawful takeover of the Imported Goods, which served as the Bank’s collateral, left an indebtedness in excess of the sum of N1,654,481,895.04 (one billion, six hundred and fifty four million, four hundred and eighty one thousand, eight hundred and ninety five Naira, four Kobo) as at September 26, 2012.

16. Chief Innocent Chukwuma was arrested and interrogated by operatives of the EFCC, following which he agreed to make monthly payments into Innoson’s account until the full liquidation of Innoson’s indebtedness to the Bank.

17. However, Innoson defaulted in making the agreed payments.

18. Investigations by the Nigeria Police following a petition by the Bank in September 2013 also found Innoson and Chief Innocent Chukwuma culpable of the criminal allegations levied against them by the Bank, and Chief Innocent Chukwuma was accordingly charged to court by the Police.

19. The Police filed Charge No. FHC/L/565C/2015-Inspector General Of Police And Innoson Nigeria Limited; Innocent Chukwuma; Charles Chukwuma; Maximian Chukwura; Mitsui Osk Lines; Annajekwu Sunny for fraudulent clearance of goods, forgery, conversion, stealing and conspiracy presently pending before Faji J, at the Federal High Court, Ikoyi and adjourned to November 21, 2017 for arraignment/or hearing of motion for issuance of Bench Warrant.

20. What Innoson did next - Innoson approached the Bank for a reconciliation of his account and pleaded for a debt forgiveness.

21. A reconciliation was carried out on the account – which had a debit balance of N1,654,481,895.04 as at December 31, 2011. In the spirit of amicable resolution and EFCC intervention, the Bank said it agreed to forego the sum of N559,374,072.09 which represented default charges that has accrued on the account and debited in line with the loan agreement between the customer and the Bank.

22. Based on this, the Bank decided to accept from the customer, the sum of N1,095,107,822.95 as full and final payment of the customer’s indebtedness to the Bank, provided that same shall be fully paid not later than (30) days from the date of the letter written to him.

23. Surprisingly, Innoson commenced suit no:FHC/AWK/CS/2012 against the Bank at the Federal High Court, Awka stating the bank had debited its account with excess charges totalling N559,374,072.09 and obtained judgement in excess of N4.7Billion against the Bank.

24. Again choosing to dishonour an agreement that was amicably reached between him and the Bank for a full and final settlement of N1,095,107,822.95 wherein the Bank graciously forgave him the sum of N559,374,072.09 which accrued on his account during the period which he abandoned his account.

25. To further stall the criminal proceedings against him, Chief Innocent Chukwuma and his company instituted suits at the Federal High Court, Abuja, as well as the Federal High Court, Awka in January 2014 against The Inspector General of Police, The Nigeria Police Force and Investigating Officer(s), seeking declaratory and injunctive reliefs, including orders restraining the Police from commencing criminal proceedings against Innoson and Chief Innocent Chukwuma.

26. Furthermore, in a bid to stall the Bank’s recovery steps, and distract the Bank from focusing on the criminal action, as well as civil actions filed for recovery of the debt, Chief Innocent Chukwuma and his company Innoson, have continued to institute various spurious suits before various courts, claiming frivolous and outrageous sums against the Bank.

27. What EFCC is Saying - they have released Nnewi, Anambra-State born Industrialist, Chief Innocent Chukwuma on bail.

28. ''The business man who runs a local auto assembly plant was arrested on Tuesday December 19, 2017 at his Enugu residence, following his refusal to respond to invitations by the Commission, after initially being granted administrative bail by the Commission, while his surety could also not be found.

29. “Unfortunately the industrialist resisted arrest and stirred controversy by bringing six truck-loads of thugs to block the entrance to his Plot W1, Industrial Layout, Abakaliki Road, Emeni, Enugu, home.

30. “This was after he initially misled the Police Command by informing them that his home had been invaded by armed robbers and kidnappers despite the fact that operatives of the Commission duly identified themselves to policemen guarding his home.

31. “His unruly thugs encircled and manhandled operatives of the Commission who had gone to effect the arrest. Consequently, a distress call was sent to the Commission’s Enugu Office for reinforcement.

32. “In all of this, the Commission’s operatives acted with decorum and civility. No one was manhandled or assaulted by the EFCC team, and not a single shot was fired, despite the provocation.

33. “Chief Chukwuma and his brother, Charles Chukwuma (who is still at large), are being investigated by the Insurance and Capital Market Fraud Section of the Commission’s office in Lagos over matters bordering on N1, 478, 366, 859.66 fraud and forgery.

34. ‘The industrialist, among other infractions, allegedly used forged documents to secure tax waivers.”

35. After Innoson Motors's CEO, Innocent Chukwuma was arrested, his company took the battle to social media. Immediately, numerous sponsored social media campaigns against the Bank such as #BewareOfGTBank and #WhatIsWrongWithGTBank sprang up.

36. The company Innoson also went on Television, with its owner, Dr Innocent Chukwuma granting an interview to TVC, where he claimed he had obtained a judgement of N8bn against the bank. He added that the bank pleaded with him over their inability to pay, and that he graciously offered to accept shares of the bank as payment.

37. GTBank on their part has chosen to remain silent on the matter, perhaps trusting in the integrity of the legal system.

38. A staff of the bank who spoke under anonymity, stated: “Irrespective of the issues we are facing with the company, Innoson remains a customer of the bank and we owe him a duty of confidentiality and to conduct ourselves in a responsible manner towards him”.

39. In responding to Innoson’s motion for a stay of criminal proceedings at the Court of Appeal, the Honourable Justice J.S Ikyegh on September 17, 2017 dismissed the motion for being unmeritorious and ordered that proceeding in the criminal case against Innoson should proceed.

40. On October 12, 2017, the Police through its Charge No. FHC/L/565C/2015- filed an application for the issuance of bench warrant against Innocent Chukwuma; Charles Chukwuma and Annajekwu Sunny for fraudulent clearance of goods, forgery, conversion, stealing and conspiracy presently pending before Faji J, at the Federal High Court, Ikoyi and adjourned to Decemeber 8, 2017 for arraignment/or hearing of motion.

Source - https://www.lailasnews.com/innoson-vs-gtbank-40-key-points-gtbank-innoson-motors-efcc-arrest/

lalasticlala

989900:
I was going to emphasize the above too (exchange rate), however, don't you think the exchange rate increase and recession would have affected the volume of imports?

The news while seemingly good, needs a rather in depth forensic analysis.

P.S. NCS generated N977b in 2014.

dtruth3:
Man Transforms Old And Abandoned Peugeot 504 Car In Enugu(Nigeria). See Incredible pictures


A man based in Enugu has got his work trending online after redesigning an abandoned and rickety Peugeot 504 vehicle. The automobile designer and repairer, Frank Blaise totally refurbished the old vehicle both the interior and exterior as the once rejected vehicle has now become the interest of online users.

The car caused a scene when it was driven in Enugu metropolis recently as people gathered to check out the incredible transformation, according to reports

luxy44:
Like I said earlier, your biz is the reason our pharmaceutical industries is not growing! Importation add no value to the economy, it has negative effect on the Naira.
Invite the coy to Nigeria and let them enlist you as National/regional/local director..
Tell your uncle to help you small biko, your finger don see pepper for UK weather.

luxy44:
Yes! I can see your name on the list! Online CEO/MD.
Importer of fake Chinese/India drugs! You for mention that your uncle name make I help you deal with him small

luxy44:
You are just a chemist boy! Reveal it and let's thrash it out offline.

Beecham is the desk name till today, every chemist boy is aware of the Glaxo merger

dabeto:
Op your English has given you out.........

webincomeplus:
Imports might have picked up in the sense that importers have started business again. But in terms of quantity, many haven't bounced back.

For example, car dealers are still importing cars, but the quantity has reduced drastically. Not just because of dollar increase, but also because internal demand for goods is low.

luxy44:
There is fidson, they are into anti-biotic. There is Becham etc. what is yours? Let's check you out! Even you, can not buy medicine in any store here in the east because of folks like you that has saturated the market with sub-standard drugs. Under what brand/franchise do you operate? Let's verify you! I video your arrest and upload it here