₦airaland Forum

Kindly 4give ma numerical thinking, S(s)anusi is antichrist. Sanusi(6 letters) Lamido(6 letters) Sanusi(6 letters), 666. No gud can ever come from him. Take ma words, the light is shinning and dark comprehended it not.

wasiudvd: To what extent will the effect of N5,000 note have on cash management? All banks have limit on all their ATMs, even though their is still space in the cassettes, u can't load more than the your limit.
Each branchs vault have limit too, this limit is not number of notes but figures, so as soon as d limit is reached, it does not matter if u are moving just a single note with bullion van, you will incure the same expense when u are moving hundreds.
Any time dis man wan do sumtin, he no dey think twice?

U just spoke ma mind as few ppl know this. Sunday is doing fine here!

Xxxxxxxxx31

Supporters singing our national anthem, proudly Nigerian!!

killuminati: youdeymadt?

Shame on u. I was left rolling on floor with laughter from ur post only for u attack me. I'm not madt bruva

Dis our captain seems older , gud freekick though!

I think our strenght is d midfield, very compact and tidy, through passes just dey flow like water.
Our 1st change, okobi(10) out for igbinovia(16)

killuminati: Oparanozie na epa see mary see bible, dem give you prick you dey ask of balls.

Kolo

Oparanozie just fluffed a one-on-one chance, what a waste!!!

Italy just hit the post, their first real chance @ goal resulting in a corner which was well caught by whyte

studM: K,remember d bible also admonish us nt 2 forsake d gathering of d brethren,ever read ds book?"WHY ÝOU ACT THE WAY YÓU DO",if not,pls read it,u will like it

Pls i wanna ask if the gathering must be physical. What if u keep a televised date with any preacher of ur choice on the tv? Attend crusades of various denominations?
I wanna ask too if God made it compulsory to be attached to a particular ministry and attend their service every sunday? Pls enlighten me


I attend Methodist Church of Nigeria.

10 over 10: am surely sure u didn't watch the make..only primitive people like u rates players by who scores.. Messi n his squad were having fun with the ball while Real was running after them like underaged team..Cr7 is nothing but an average player like lots of footballers..ur boss Mou cud not even stand to do his usual efizy..

U just got ur heels shot by urself with d bolded. Ronaldo has nothing to prove to u haters, its even messi dat needs to prove he can do it unaided consistently.

hey peeps, long tym. bn away writing exams, hope to be back soon

caseless: Hav u confirmed d motive behind kilin b4 jumpin into conclusion and finger-pointing?

Wat a devil u must be! The perpetrators are definitely inhuman and no reason under the sun can justify d random killing in a religious centre. Animal like u, u dare open ur filthy mouth to ask for a reason, chai, u're rebuked. U can reply n lemme open ur yansh 4 u, shege, busuru...

I Got the materials (7 packs) from emma free, ogoga, pls just apologise to him.

Anstargroup: can someone confirm if we cud use calculator pls

Pls send the materials to

God bless u

Anstargroup: Ogogambus, tnx alot! U r d man

hey man, seems u got the materials, kindly 4ward to pila56@yahoo.com and the rest of us still in need of the materials.

This will take the stress off Ogogambus a bit.

thanks bro

ajobes: they might not be educated, yet they are feeding the Nation. for those of you who served in various part of the north can attest to that. being academically incline is not the yard stick for progression. the chenese are not using westhern education to be wher they are today.

How can u say education is not a yardstick for progression? Haba! One of d major strenght of chinese economy is her evolution in technology, was is imported from Saudi Arabia? Did they get it from islamic studies?

76Naira: Change it to number of cows and watch the magic!!

4 nama to power of 2 malu.

Yowa!!!!! 16 suya head...

U got moi cracking dat ma housemates had to wakeup asking moi if i had gone mad. I couldnt hold d laughter at this time of d day. Guy u be nama

nwaenugu: Population of Nigeria
162,470,737
Population of Lithuania
3,203,000

We are over 50 times bigger than them !

Myopic conclusion!

samkoro: Aregbesola should memorise this before making ignorant statements.

Differences Between Muhammad and Jesus

Muhammad...
Jesus...

Mohmd Said Allah hates those who don't accept Islam.
(Qur'an 30:4, 3:32, 22:38)

Jesus. Said God loves everyone. 
(John 3:16)

Mohamed "I have been commanded to fight
against people till they testify that there
 is no god but Allah, and that Muhammad
 is the messenger of Allah"
(Muslim 1:33)

Jesus. "He who lives by the sword
will die by the sword."
(Matthew 26:52)

Mohamed. Stoned women for adultery.
(Muslim 4206)

Jesus. "Let he who is without sin cast the first stone."
(John 8:7)

Mohamed. Permitted stealing from unbelievers.
(Bukhari 44:668, Ibn Ishaq 764)

Jesus. "Thou shalt not steal."
(Matthew 19:18)

Mohamed. Permitted lying.
(Sahih Muslim 6303, Bukhari 49:857)

Jesus. "Thou shalt not bear false witness."
(Matthew 19:18)

Mohamed. Owned and traded slaves.
(Sahih Muslim 3901)

Jesus. Neither owned nor traded slaves.

Mohamed. Beheaded 800 Jewish men and boys.
(Sahih Muslim 4390)

Jesus. Beheaded no one.

Mohamed Murdered those who insulted him.
(Bukhari 56:369, 4:241)

Jesus. Preached forgiveness.
(Matthew 18:21-22, 5:38)

Mohamed. "If then anyone transgresses
the prohibition against you,
Transgress ye likewise against him"
(Qur'an 2:194)

Jesus. "If someone strikes you on the right
cheek, turn to him the other also."
(Matthew 5:39)

Mohamed. Jihad in the way of Allah elevates one's position in Paradise by a hundred fold.
(Muslim 4645)

Jesus "Blessed are the peacemakers, for
they will be called Sons of God"
(Matthew 5:9)

Mohamed. Married 13 wives and kept sex slaves.
(Bukhari 5:268, Qur'an 33:50)

Jesus. Was celibate.

Mohamed. Slept with a 9-year-old child.
(Sahih Muslim 3309, Bukhari 58:236)

Jesus. Did not Be Intimate with children.

Mohamed. Ordered the murder of women.
(Ibn Ishaq 819, 995)

Jesus Never harmed a woman. 

Mohamed. "O you who believe!  Fight those of the
 unbelievers who are near to you
and let them find in you hardness."
(Qur'an 9:123)

Jesus "Blessed are the meek, for
they shall inherit the earth."
(Matthew 5:5)

Mohamed. Ordered 65 military campaigns
and raids in his last 10 years.
(Ibn Ishaq )

Jesus Ordered no military campaigns, nor
offered any approval of war or violence. 
 

Mohamed Killed captives taken in battle.
(Ibn Ishaq 451)

Jesus Never took captives.
Never killed anyone.

Mohamed Encouraged his men to Molestation enslaved women.
(Abu Dawood 2150, Qur'an 4:24)

Jesus Never encouraged Molestation.
Never enslaved women. 

Mohamed. Demanded captured slaves and
a fifth of all other loot taken in war.
(Qur'an 8:41)

Jesus "The Son of Man came not
to be served, but to serve."
(Matthew 20:28)

Mohamed. Was never tortured, but tortured others.
(Muslim 4131, Ibn Ishaq 436, 595, 734, 764)

Jesus Suffered torture, but never tortured anyone.

Mohamed. "And fight them until there is no more persecution and religion is only for Allah"
(Qur'an 8:39)

Jesus. "Love your enemies and pray
for those who persecute you"
(Matthew 5:44)

Mohamed Blessed the brutal murder of a half-blind man
(al-Tabari 1440)

Jesus Healed a blind man
(Mark 8:28)

Mohamed Ordered a slave to build the very pulpit
from which he preached Islam.
(Bukhari 47:743)

Jesus Washed his disciples feet.
(John 13:5)

Mohamed What are the Greatest Commandments?
"Belief in Allah and Jihad in His cause"
(Muslim 1:149)

Jesus What are the Greatest Commandments?
"Love God and love thy neighbor as thyself."
(Matthew 22:34-40)

Mohamed Demanded the protection of armed bodyguards, even in a house of worship
(Qur'an 4:102)

Jesus Chastised anyone attempting
to defend him with force.
(John 18:10-12)

Mohamed Died fat and wealthy from what was
taken from others in war or
demanded from others in tribute.

Jesus Demanded nothing for himself. 
Died without possessions.

Mohamed Advocated crucifying others.
(Qur'an 5:33, Muslim 16:4131)

Jesus gave his life for others, Was crucified himself.

Mohamed. According to his followers:
Had others give their lives for him.
(Sahih Muslim 4413)

Jesus. According to his followers:
Gave his life for others.
(John 18:11 and elsewhere)

Food for thougt...

ballabriggs: Haha look at these ones, I won't spend all day posting on Nairaland, I also have a job.

Firstly, to say that IBPLC was not struggling to meet its obligations to depositors at the time is absolutely false. IBPLC at the time was consistently seeking credit from the inter bank market to maintain its liquid position. I've also stated its raising of its minimum balance by over 500% without notice to depositors. This points to a bank having liquidity issues.

Secondly, there is no bank in this world where there are no bad loans. However, the issue is that of exposure to risk. To what extent are you exposed to liqudity risk?

The CBN like every other Central Bank places a limit on the amount of investment as a bank you put in common stocks because of the risky and volatile nature of stocks. However this was flouted by these banks in the quest to make short term gains.

What went wrong? On consolidation and Nigeria accumulating a large foreign exchange reserve and the internalisation of Nigerian Banks, Nigeria became attractive for foreign banks and international institutional investors to move their portfolios. Having accummulated a large inflow of capital, the banks did not know what to do with these. In fairness to these banks, the economic climate was not there to finance real value added investments. The absorptive capacity of the economy was not there. The risk level in the economy was just too high for real value added long term finance. Some of the banks thus in violation of Central Bank rules had 'special purpose entities', moved assets among these entities in order to enable them move more and more of their portfolios into common stocks which seemed the easiest and the less risky market for quick returns. The markets began to boom, stocks prices began to rise speculatively, assets bubbles were created. The thing about asset bubbles is that so long as funds are continually being pushed into the market, the market would continue to boom, everyone would get income above what they should get, consumption would rise. However, as soon as funds stop coming in then you see all was a money illusion. This is probably how the boom ceased in the Nigerian markets.

As a result of the global financial crisis, investors had to recall their funds. Most banks around the world had to put their balance sheets together. It was time to recall investments which were held in different parts of the world back to their source countries. In addition, in the heat of the Niger Delta crisis, the subsequent drop in crude production and also with falling crude oil prices, it became obvious that Nigeria was fast loosing reserves and was becoming less safe a destination to hold portfolios. It was thus time for these investors to call back their funds.

To say Lamido Sanusi caused them to pull their funds back is the biggest insult to these investors who spend a large amount of their resources on risk and risk management. Investors are smarter than that, they see potential problems before they eventually materialise, they are not lotto players. Also, it is unethical and satanic to manipulate financial reports in a bid to deceive investors. It is not giving them confidence but rather a theft of their wealth. Disclosure is key in corporate governance. Non-disclosure is what actually kills the confidence of investors.

Like I said, most banks lost in this market. however, the issue is that of exposure to risk. To what extent are you exposed to liqudity risk? There is no bank in the world that does not have bad loans. What we are concerned with is to what extent has this affected your liquid position. If it does then a take-over is necessary by the CBN.

Thirdly, on the merger between Intercontinental and Access. For a process as technical as an M&A, it is the most ridiculous thing to conclude on who benefitted by looking at that your chat. If Access paid 50 billion naira to acquire IBPLC, do you know what other considerations were put in the deal, do you know the extent of the liabilities it took over. Even in the most prominent cases of M&A, scholars are still divided as to who benefitted from these deals. As an example is the case of JP Morgan Chase which is still subject to research and debates as to which of the groups benefitted most or did the merger yield the synergy anticipated. What if AMCON contributed more, does it hold equity in the bank? Did it purchase debts? No reference to the Statement of Financial Position of both groups?

On Access' subsidiary being indebted. I don't know of any subsidiary of Access mentioned. Maybe you would do well to explain what a subsidiary means and also prove that the said firm is a subsidiary of Access.

Fourthly, on reforms coming to an end. This is one of the reasons why we got ourselves into this mess. Reforms never come to an end. The Financial and Monetary system moves at a very fast pace and as such, we must continue to modify and adapt legislations, regulations and codes to meet these changes in the environment.

On when the nationalisation would come to an end. Till we get the system stable. RBS is still owned by the british government since 2008. Governments in the euro zone are taking over banks today. For example in Spain and Greece.

Finally, you should be ashamed that you spend so much on these legislators to give you poo. Considering the amount of money these guys take home annually, this so called probe is mediocre. The key issue in the system were not addressed but rather personalities was the main focus of the so called probe. The legislators indicted all but themselves in the probe. By not being responsible when it mattered most, they contributed to the failure of these markets.

You are annoyingly deluded. I'm not supposed to talk/listen to u like i said earlier but ur vague and shadowey brilliance of the financial market has been fully unwrapped for the whole world to see ur embedded omugoism(yels, na me talk am). I asked a simple question, "If u can convince the house that it was duely and legally passed on, then i can listen to u.", u turned out arguing who benefitted more btw d parties. Look up and u'll see that the topic is all about the integrity of 666 and not the gibberish u kept on spewing like menstrual flow. Favouritism, sectionalism, personal interest, revenge, and all sorts of -ve reasons were in play and used for performing the reforms. The banking sector needed to be reformed and higly guided, no doubt, but sanusi went about it the wrong way and u are here talking like a bat paid to address eagles.

ballabriggs: Haha look at these ones, I won't spend all day posting on Nairaland, I also have a job.

Firstly, to say that IBPLC was not struggling to meet its obligations to depositors at the time is absolutely false. IBPLC at the time was consistently seeking credit from the inter bank market to maintain its liquid position. I've also stated its raising of its minimum balance by over 500% without notice to depositors. This points to a bank having liquidity issues.

Secondly, there is no bank in this world where there are no bad loans. However, the issue is that of exposure to risk. To what extent are you exposed to liqudity risk?

The CBN like every other Central Bank places a limit on the amount of investment as a bank you put in common stocks because of the risky and volatile nature of stocks. However this was flouted by these banks in the quest to make short term gains.

What went wrong? On consolidation and Nigeria accumulating a large foreign exchange reserve and the internalisation of Nigerian Banks, Nigeria became attractive for foreign banks and international institutional investors to move their portfolios. Having accummulated a large inflow of capital, the banks did not know what to do with these. In fairness to these banks, the economic climate was not there to finance real value added investments. The absorptive capacity of the economy was not there. The risk level in the economy was just too high for real value added long term finance. Some of the banks thus in violation of Central Bank rules had 'special purpose entities', moved assets among these entities in order to enable them move more and more of their portfolios into common stocks which seemed the easiest and the less risky market for quick returns. The markets began to boom, stocks prices began to rise speculatively, assets bubbles were created. The thing about asset bubbles is that so long as funds are continually being pushed into the market, the market would continue to boom, everyone would get income above what they should get, consumption would rise. However, as soon as funds stop coming in then you see all was a money illusion. This is probably how the boom ceased in the Nigerian markets.

As a result of the global financial crisis, investors had to recall their funds. Most banks around the world had to put their balance sheets together. It was time to recall investments which were held in different parts of the world back to their source countries. In addition, in the heat of the Niger Delta crisis, the subsequent drop in crude production and also with falling crude oil prices, it became obvious that Nigeria was fast loosing reserves and was becoming less safe a destination to hold portfolios. It was thus time for these investors to call back their funds.

To say Lamido Sanusi caused them to pull their funds back is the biggest insult to these investors who spend a large amount of their resources on risk and risk management. Investors are smarter than that, they see potential problems before they eventually materialise, they are not lotto players. Also, it is unethical and satanic to manipulate financial reports in a bid to deceive investors. It is not giving them confidence but rather a theft of their wealth. Disclosure is key in corporate governance. Non-disclosure is what actually kills the confidence of investors.

Like I said, most banks lost in this market. however, the issue is that of exposure to risk. To what extent are you exposed to liqudity risk? There is no bank in the world that does not have bad loans. What we are concerned with is to what extent has this affected your liquid position. If it does then a take-over is necessary by the CBN.

Thirdly, on the merger between Intercontinental and Access. For a process as technical as an M&A, it is the most ridiculous thing to conclude on who benefitted by looking at that your chat. If Access paid 50 billion naira to acquire IBPLC, do you know what other considerations were put in the deal, do you know the extent of the liabilities it took over. Even in the most prominent cases of M&A, scholars are still divided as to who benefitted from these deals. As an example is the case of JP Morgan Chase which is still subject to research and debates as to which of the groups benefitted most or did the merger yield the synergy anticipated. What if AMCON contributed more, does it hold equity in the bank? Did it purchase debts? No reference to the Statement of Financial Position of both groups?

On Access' subsidiary being indebted. I don't know of any subsidiary of Access mentioned. Maybe you would do well to explain what a subsidiary means and also prove that the said firm is a subsidiary of Access.

Fourthly, on reforms coming to an end. This is one of the reasons why we got ourselves into this mess. Reforms never come to an end. The Financial and Monetary system moves at a very fast pace and as such, we must continue to modify and adapt legislations, regulations and codes to meet these changes in the environment.

On when the nationalisation would come to an end. Till we get the system stable. RBS is still owned by the british government since 2008. Governments in the euro zone are taking over banks today. For example in Spain and Greece.

Finally, you should be ashamed that you spend so much on these legislators to give you poo. Considering the amount of money these guys take home annually, this so called probe is mediocre. The key issue in the system were not addressed but rather personalities was the main focus of the so called probe. The legislators indicted all but themselves in the probe. By not being responsible when it mattered most, they contributed to the failure of these markets.

You are annoyingly deluded. I'm not supposed to talk/listen to u like i said earlier but ur vague and shadowey brilliance of the financial market has been fully unwrapped for the whole world to see ur embedded omugoism(yels, na me talk am). I asked a simple question, "If u can convince the house that it was duely and legally passed on, then i can listen to u.", u turned out arguing who benefitted more btw d parties. Look up and u'll see that the topic is all about the integrity of 666 and not the gibberish u kept on spewing like menstrual flow. Favouritism, sectionalism, personal interest, revenge, and all sorts of -ve reasons were in play and used for performing the reforms. The banking sector needed to be reformed and higly guided, no doubt, but sanusi went about it the wrong way and u are here talking like a bat paid to address eagles.

manny4life: Lol, argue with the dude called ballabriggs, and you're wasting your time. The dude has lost credibility, he has claimed all sort of position to suit his argument. From Risk expert to expert economist with different certifications to trained financial professional, and the list is endless.

I wouldn't even waste my precious time
on him...

The fraudster has ran from the thread, he thinks we are fools that can be brainshed with big english, id10t. No make me vex oooo, else i'll rain ayajo on ur post-lineage. Thanks Manny, hw wkend nah?

ballabriggs: Firstly, on government recouping investment, AMCON still holds a considerable interest through the toxic assets which it bought in these banks.

Secondly, on the banks sold off at salvage value. I would draw you to the case of Barings bank founded in 1762. In Singapore in the 1990s' Barings traders had engaged in very risky investments. By 1995, these traders had generated losses totalling 827 million pounds, twice the bank's available trading capital. What eventually happened? In 1995, Barring was purchased by ING for a nominal sum of 1 pound only and assumed all its liabilities. So I don't know what you mean by salvage value when your buyer assumes all yor liability which is an additional cost to him.

On CBN submitting budgets to the NASS. I say FA FA FA FAOOOO!!! It is not about Lamido Sanusi but preserving the CBNs autonomy. The CBN must not be exposed to the influence of Politicians given the technicalities in most decisions made. I even want to see the President ceasing to appoint our CBN head. In addition, given the fast pace of the monetary and financial systems, the CBN needs to make decisions which includes budgetary decisions promptly to meet the needs of the ever changing financial and monetary system. Where we create further bureaucratic bottlenecks, how do we ensure an efficient CBN to meet the challenges of the monetary and financial environment? Autonomy without the autonomy to make budgetary decisions is no autonomy.

What can be done? If NASS feels it further needs to scrutinise the CBN, here is an option. Can we have a CBN board with more non-executive directors that includes at least two members of NASS? This is a more robust option that would fulfill the NASS desire to further scrutinize the CBN and also preserve the autonomy of the CBN.

Abegiii, spare us ur history lessons and all ur quoted financial technicalities. We all knew dat d banks were going under and needed a drastic solution to keep them afloat but not expecting the tribal/religious and fraudulent ways SLS dealt with the banks. Can u explain the situation of IBPLC merger with Access? If u can convince the house that it was duely and legally passed on, then i can listen to u.

usermane: Enough is enough. I know this is the plot of the house of reps. If u followed initially,he exposed to d public that the members of house of reps were embezzling public fund which is true. The members denied d claim and demanded an apology which sanusi refused to give them. Not wanting to admit to d truth, they plotted to reduce his power and frame him of crimes he didn't.

.

Oh, SLS is an upright man. His deeds are for the common good of nigeria, oh, he loves this country and he's helping to flush Corruption. Don't mind them, they just wanted to reduce his power because he exposed them. Can u listen to urself again? Damn u...
Sanusi Lamido Sanusi (666) the anti-Christ himself, ride on!

easycopyrh: @prince gud to knw WON D TWO TOO

I missed both. Easy, open our eyes nah

easycopyrh: eurusd fall for 45mnts price 1.2252

I didnt see ur alerts on time...i think its high time u shared ur strategy bro

blink182: Please share your strategy.

He's gone on leave