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PoliticsRe: Jonathan Showed No Political Will In Fight Against Boko Haram – US Envoy by Kaykay(m): 9:36am On Apr 25, 2016
sdindan:
Is USA stil campaigning for Buhari?


Jonathan is my president for life.
Even Jonathan himself knew he got so many things wrong and with verifiable evidences of misappropriations.
So my dear boy, it is good that Jonathan is a president you respect NOT for life because further exposition on him can lead you to terminating your life because you may discover you cannot bear.
If you ask me, I would have said you are being too childish or greatly unexposed, but let me say 'man can disappoint one anytime'. You can do better than him in life if you can liberate your mind.
Nairaland GeneralN1trn Rail Contract:why All These Excesses By Past Administration by Kaykay(op): 3:23pm On Apr 21, 2016
ABUJA—SIX contractors, who allegedly played prominent roles in the over N1 trillion railway construction and rehabilitation contracts, are to refund over N2.5 billion to the federal coffers. This was disclosed, yesterday, at the continuation of hearing of the House of Representatives ad hoc committee probing the award and execution of contracts.

The refunds are for excess payments made to the contractors by Nigeria Railway Corporation, NRC.

The committee, chaired by Ehiozuwa Agbonayinma, Ikpoba Oha/Egor, PDP, has already met with some former chairmen of the Board of the NRC and some of the companies in the course of the investigative hearing, which commenced in October 2015. CCECC, executing Lagos to Jebba rail line, is to refund N640 million; Costain West Africa Ltd, executing Jebba to Kano rail line, N608 million and Geo Group Asano, signalling and communica-tions upgrade, N368 million; Eser West Africa, handling the Port Harcourt-Markurdi rail line, N339 million.

Similarly, CCEcc, handling the Markurdi-Kano rail line would refund N353 million, while Routing Nigeria Ltd would refund N221 million.

At press time, officials from the office of the Auditor-General of the Federation could, however, not confirm if any of the companies had made refunds. 0 4

Read more at: http://www.vanguardngr.com/2016/04/n1trn-rail-contract-6-firms-refund-n2-5bn-fg/
PoliticsRe: The Soldier Who Has Seen His Family Only 12times In 6yrs Cos Of Boko Haram by Kaykay(m): 11:35am On Apr 21, 2016
Sorry boy, you are the one who is a fool here. he may have chosen to lay down his life yours is to appreciate him for doing that for your sake. That is what Jesus Christ you proclaimed you know on your profile did for us all and we are grateful to Him till date. WOW, you amaze me, lost every human feelings, no empathy....even at your teen age. Nigeria Youth is there any hope in your future?



jcross19:
Some nigerian youths are fools like the op am sorry to say that please. Why did he join the army? What was on the form he filled when he was chose to became one? This is the job he chose for himself.
PoliticsRe: Nigeria Learn: Senegal Gets Rid Of Its Senate To Save Money by Kaykay(m): 8:10am On Apr 20, 2016
Grow up please. You sound to childish, too shallow in fact too nonenti-tious undecided



Fedayeen:
I will support banning illiterates without certificate from ever mounting the saddle of Presidency in Nigeria




Vote refiner for Miss Nairaland.

www.nairaland.com/refiner
HealthRe: Doctor At Sayemi Natu­ralscience Centre Raped Me - Woman Claims by Kaykay(m): 10:29am On Apr 16, 2016
It is all about the need to change OUR THINKING, Our Values.... We are lagging as Nigerian. Your profession, riches, wealth not withstanding, you need to be mindful of what is going on in YOUR MIND. I have read so many nonsense comments online( mostly on NL) several times in Nigeria and was left crying within. It baffles me the way many are thinking, just as in writing, saying so it is in action. The solution is simple: CHANGE your way of thinking, THINK POSITIVELY, Phil4:8, make it your resource, THINK positively about yourself, people around you. Stop NEGATIVE thoughts, we can be better people.
PoliticsRe: The Law Of Karma by Kaykay(op): 2:35pm On Apr 15, 2016
Is it not Saraki's Karma time?
PoliticsThe Law Of Karma by Kaykay(op): 2:33pm On Apr 15, 2016
Dear NL read carefully and learn, there is a tomorrow.....

Akingbola opens up, accuses Saraki, Sanusi of plotting a take over of Intercontinental ON SEPTEMBER 28, 2010 7:32 PMIN BUSINESSCOMMENTS

Read more at: http://www.vanguardngr.com/2010/09/akingbola-opens-up-accuses-saraki-sanusi-of-plotting-a-take-over-of-intercontinental/


The estranged Managing Director of Intercontinental Bank has petitioned the federal government alleging forceful take over of the bank by the CBN governor Sanusi Lamido Sanusi having been instigated by Dr. Bukola Saraki.

In a 30 paragraph petition titled fraudulent take over of Intercontinental Bank PlC by Dr. Bukola Saraki and Mallam Sanusi Lamido Sanusi and Mohamoud Lai Alabi Dr. Akingbola to the attorney general in which he called for an independent investigation of the allegation against him said “About two and a half years ago, Dr. Bukola Saraki requested that we merge Societe Generale with Intercontinental Bank (IB) Plc. We conducted a due diligence exercise and noticed N 30 billion negative capital – so the board of IB Plc turned it down. Dr. Saraki was very unhappy.

“When time came for the renewal of Gov. Soludo’s appointment as CBN Governor, Dr. Saraki blocked it with late President Yar’Adua and brought him Lamido Sanusi. Being my customer, Dr. Saraki confirmed this personally to me.

“Lamido Sanusi was appointed CBN Gov. on 4th June, 2009, and on the 18th June, – after just two weeks in office – he sent CBN examiners to five banks including IB Plc. This was quite unusual, as the CBN had just completed a comprehensive examination of IB Plc as part of normal protocol. The result of this was good. The new examination finished in mid-July, and we were expecting their report. Suddenly, they returned claiming that several accounts, which they had verified and agree with us as “performing”, were now reclassified “non-performing”.


“Despite these manipulations, IB Plc’s ratios were alright. Unusually, the CBN examiners returned on four separate visits to re-classify even more accounts as “non-performing”. These even included what we regarded as our best accounts. This prompted me to ask some of the examiners what was really going on. They confided that the new Governor was bent on removing certain bank CEOs, and wanted to show that IB Plc was too exposed to bad loans. They said he formed a team in CBN reporting to him directly. Each completed examination report was turned down if it was not damning enough and they were ordered to go back until they achieved certain ratios.


According to him “One of the examiners showed me a report on IB Plc, which was favourable. This has been rejected by the CBN Governor, as it did not justify or warrant my removal. Quite disturbed by this development, I decided to speak to Dr. Bukola Saraki, since he championed Malam Lamido Sanusi’s appointment.

He told me that the CBN Governor was unhappy with myself and Mrs. Ibru (of Oceanic Bank) because according to him, we had contributed N 6 billion to the Senate to block Lamido Sanusi’s confirmation as CBN Governor. I refuted this allegation telling Dr. Saraki that my religion would never allow me to do such a thing, as no human can undo what God has ordered in Heaven.

In the petition he stated “I immediately booked an appointment to see Lamido Sanusi in the CBN and questioned him regarding the N 6 billion Senate bribery allegation.

He said he had put that behind him, as “not all king makers in council will support the choice of a new Emir”. I once again reiterated my innocence, based on my religion, that the God I serve will never permit me to try to block someone else’s good fortune.

“Later, I mentioned to Alhaji Aliko Dangote the strange repeated CBN examinations and the allegation by Lamido Sanusi. He promised to speak to him and ask him about the matter.

Surprisingly, Alhaji Dangote returned to say Lamido Sanusi revealed that he was told of the alleged bribe by Dr. Saraki, and that I even lobbied him to be the CBN Governor. Apparently, it was Dr. Bukola Saraki inciting Sanusi against me, as a way of removing me and taking over IB Plc. It has now become evident that both Dr. Saraki & Malam Sanusi used the opportunity of the worldwide financial crisis of 2008-2009 to jump into certain banking institutions and take them over. The crisis had been acknowledged and was being well-managed by Professor Chukwuma Soludo, the former CBN Governor. The ENTIRE industry was affected, as others worldwide.

The Nigerian economy was hit by four economic catastrophe namely:

— The oil price drop from $147 per barrel to $30. All oil importers refused to sell in a hurry at this new low price, so banks had to give them time for the price to improve. — The worldwide stock market collapsed and this led all foreign investors in the Nigerian stock exchange to hurriedly sell their shares. This further depreciated the Nigerian stock exchange index, also having an adverse effect on the banking industry.

— The CBN, in response to crashing oil price, devalued the Naira by 40%. This meant importers with unsettled bills had to source more Naira to buy Dollar, and thus, put a strain on bank customers and the loan portfolio of the banks.

— The sudden devaluation of the Naira by 40% caused a panic among overseas banks that had dollar placements with Nigerian banks. They immediately gave notice and withdrew their funds. IB Plc lost $1.2bn in this way.


“Rather than the new CBN Governor to perform the role of ‘lender of last resort’, he used the crisis to take over banks for his mentor. All these banks had prominent Nigerians waiting to buy them at “knock-down” or give-away” prices. However, the media altered the equation. On the 14th of August 2009, without any discussion, Malam Sanusi issued me a letter of removal as CEO of IB Plc. He also removed all executive directors of the bank with armed police men.

Continuing he said “The letter (copy attached), said that based on the examination he ordered on the 18th June, 2009, it is in the public interest for the CBN to intervene by taking over the bank. Till today, no report of the examination has been made available to me, the management, or the Board of the bank.

We had no opportunity to learn how the CBN came to its decision, nor were given an opportunity to respond to the examination report, as is the usual process. My removal by Malam Sanusi was done in flagrant disregard of the legal provisions regarding the removal of bank directors (i.e. Section 35 of the Banks and Other Financial Institutions Act, Cap. B4 Laws of the Federation, 2004) asthere was no lawful special examination ordered into the affairs of Intercontinental Bank Plc, as required by law. Since no order for special examination of the bank’s affairs was signed by Malam Sanusi, as required of him by the law of this country, his order for my removal is, improper and unlawful.

According to Dr. Akingbola “The current CBN examination of May 2010, now says there is a N 95 billion loan over-provision, which means IB Plc was deliberately marked down previously. Two lorry loads of police were sent to IB Plc to remove me. It was like a bad movie, a big surprise that a person can be driven away from a business he had started and nurtured for over 21 years in one hour. And without any opportunity to contest it.

Akingbola said in his petition “I was surprised that the next morning (Saturday), all the papers carried personal interviews with Malam Sanusi, in which he accused all the CEOs of various misdeeds. This showed that it was pre-planned and well-rehearsed. On the evening of 19th August, I received a call that Malam Sanusi under the powers that the late President had delegated to him, had ordered the EFCC, the Police and the SSS to arrest me.

I also learned that two lorry loads of personnel were en route. I hurriedly left the house, though I could not believe that all this had transpired in the last 72 hours. I then recalled a professional disagreement with Malam Sanusi while he was CEO of First Bank. Back then, I had discovered that his staff members were de-marketing IB Plc and I wrote to him concerning this. (Copy attached).

“My immediate conclusion was that Dr. Saraki and Malam Sanusi wanted to take over IB Plc by fraudulent means, and that if I went into their custody, it could result in my death, in order to silence any opposition to their plans. Mr. Mahmoud Lai Alabi was appointed by the CBN as the new CEO of IB Plc. Mr. Alabi is an employee of Dr. Saraki as chairman of Songa Farms and several development funds in the state. On resuming, his first task was to write off Dr. Saraki’s loans to the tune of N8.115bn (Papers & letters attached). He also wrote off loans totaling N32bn to friends of Dr. Saraki and Malam Sanusi. All this, in a bank that they were meant to be rescuing.

All these written-off loans had been classified as “good” and “performing” by the CBN examiners, and had been secured with properties in Ikoyi (Lagos), Victoria Island (Lagos), and Abuja. The CBN examination report of May 2010 complained about this massive loan or “cash gift” to Dr. Saraki. Next, he recruited former Societe Generale staff as Executive Directors and loan managers (for example, Mr. Gbenga Alade). “Mr. Alabi proceeded to sack the entire senior management of IB Plc and replaced them with former Societe Generale staff. It is clear, rom these actions, that I was removed to smoothen the take-over of IB Plc for Dr. Saraki.

As at the time the shareholders’ appointed management was ousted by Malam Lamido Sanusi, IB Plc was not owing the CBN one kobo on the discount window. Also, IB Plc had Inter-Bank takings of N73 Billion. However, as at today under the CBN’s appointed management, IB Plc is now owing the CBN N100 Billion and owing other Banks N300 Billion, making a total deficit of N400 Billion after the purported intervention by the CBN. “It is rather curious that: all the banks are yet to receive any examination report from the CBN to show areas of deficiencies; the CEO and entire senior management were removed without the Board or shareholders being informed; without any criminal charges or reports, the CEOs were arrested and locked up – to prevent them from speaking to the media.

“It was after locking them up that the EFCC started searching for possible offences (in my case, it took 4 months of searching for any offence to pin on me). Mr. Alabi, the new CEO of Intercontinental Bank Plc, is an employee of Dr. Saraki (chairman of Songa Farms in Kwara). In fact, Dr. Saraki is running IB Plc by proxy; Within two months of his appointment, Mr. Alabi wrote off N 7 billionn of Dr. Saraki’s loans – the companies are Linkers, Dicetrade, Skyview Properties, and Joy Petroleum.

As the appointment of each senior management of IB Plc was being terminated, Mr. Alabi was recruiting and replacing them with former Societe Generale staff, in order to complete the take-over. He said “For instance, the Executive Director of risk management brought into IB Plc (Mr. Gbenga Alade) is a former Societe Generale staff member. Dr. Saraki has now used his political power to take over IB Plc after his failed peaceful merger attempts. Malam Sanusi claims to have injected N100bn, (which is less that 10% of the IB Plc’s value), and as such now owns it 100%.

“This is a bank with a balance sheet of N 1.6 trillion; 330 branches; two foreign subsidiaries; 10 well-established subsidiaries; 12,000 members of staff; and paid-up capital of N 230 billion. Where is the justice? When Malam Sanusi initially injected N 100 billion into IB Plc, he wrote to the Board that it was a seven-year loan (copy attached). Why is he now trying desperately to sell the bank within a year of the loan? “I am appealing to the Attorney General and Minister of Justice to institute an independent investigation into the “so-called” banking reform of Malam Sanusi and the fraudulent N32 billion loan write-off.

I am also appealing to this government which believes in the rule of law to reverse the fraudulent take-over of Intercontinental Bank Plc and return it to its Board, management and shareholders. All the allegations against the banks’ CEOs should be independently investigated by the Attorney General’s office for fairness. Even with the deliberate damage being done to the banks and their stock prices on a daily basis, if we are given six to nine months, the banks will be restructured to the normal, favourable and fair positions” he said in the petition. 0 0

Read more at: http://www.vanguardngr.com/2010/09/akingbola-opens-up-accuses-saraki-sanusi-of-plotting-a-take-over-of-intercontinental/

A boy abused Iroko Tree and was looking back as he walks away, he does not know that Iroko may not likely strike same day it is ABUSED. KARMA can catch up with you ANYTIME.. [i][/i]
PoliticsThe Law Of Karma by Kaykay(op): 1:55pm On Apr 15, 2016
Akingbola opens up, accuses Saraki, Sanusi of plotting a take over of Intercontinental ON SEPTEMBER 28, 20107:32 PMIN BUSINESSCOMMENTS

Read more at: http://www.vanguardngr.com/2010/09/akingbola-opens-up-accuses-saraki-sanusi-of-plotting-a-take-over-of-intercontinental/

The estranged Managing Director of Intercontinental Bank has petitioned the federal government alleging forceful take over of the bank by the CBN governor Sanusi Lamido Sanusi having been instigated by Dr. Bukola Saraki. In a 30 paragraph petition titled fraudulent take over of Intercontinental Bank PlC by Dr. Bukola Saraki and Mallam Sanusi Lamido Sanusi and Mohamoud Lai Alabi Dr. Akingbola to the attorney general in which he called for an independent investigation of the allegation against him said “About two and a half years ago, Dr. Bukola Saraki requested that we merge Societe Generale with Intercontinental Bank (IB) Plc. We conducted a due diligence exercise and noticed N 30 billion negative capital – so the board of IB Plc turned it down. Dr. Saraki was very unhappy. “When time came for the renewal of Gov. Soludo’s appointment as CBN Governor, Dr. Saraki blocked it with late President Yar’Adua and brought him Lamido Sanusi. Being my customer, Dr. Saraki confirmed this personally to me. “Lamido Sanusi was appointed CBN Gov. on 4th June, 2009, and on the 18th June, – after just two weeks in office – he sent CBN examiners to five banks including IB Plc. This was quite unusual, as the CBN had just completed a comprehensive examination of IB Plc as part of normal protocol. The result of this was good. The new examination finished in mid-July, and we were expecting their report. Suddenly, they returned claiming that several accounts, which they had verified and agree with us as “performing”, were now reclassified “non-performing”. “Despite these manipulations, IB Plc’s ratios were alright. Unusually, the CBN examiners returned on four separate visits to re-classify even more accounts as “non-performing”. These even included what we regarded as our best accounts. This prompted me to ask some of the examiners what was really going on. They confided that the new Governor was bent on removing certain bank CEOs, and wanted to show that IB Plc was too exposed to bad loans. They said he formed a team in CBN reporting to him directly. Each completed examination report was turned down if it was not damning enough and they were ordered to go back until they achieved certain ratios. According to him “One of the examiners showed me a report on IB Plc, which was favourable. This has been rejected by the CBN Governor, as it did not justify or warrant my removal. Quite disturbed by this development, I decided to speak to Dr. Bukola Saraki, since he championed Malam Lamido Sanusi’s appointment. He told me that the CBN Governor was unhappy with myself and Mrs. Ibru (of Oceanic Bank) because according to him, we had contributed N 6 billion to the Senate to block Lamido Sanusi’s confirmation as CBN Governor. I refuted this allegation telling Dr. Saraki that my religion would never allow me to do such a thing, as no human can undo what God has ordered in Heaven. In the petition he stated “I immediately booked an appointment to see Lamido Sanusi in the CBN and questioned him regarding the N 6 billion Senate bribery allegation. He said he had put that behind him, as “not all king makers in council will support the choice of a new Emir”. I once again reiterated my innocence, based on my religion, that the God I serve will never permit me to try to block someone else’s good fortune. “Later, I mentioned to Alhaji Aliko Dangote the strange repeated CBN examinations and the allegation by Lamido Sanusi. He promised to speak to him and ask him about the matter. Surprisingly, Alhaji Dangote returned to say Lamido Sanusi revealed that he was told of the alleged bribe by Dr. Saraki, and that I even lobbied him to be the CBN Governor. Apparently, it was Dr. Bukola Saraki inciting Sanusi against me, as a way of removing me and taking over IB Plc. It has now become evident that both Dr. Saraki & Malam Sanusi used the opportunity of the worldwide financial crisis of 2008-2009 to jump into certain banking institutions and take them over. The crisis had been acknowledged and was being well-managed by Professor Chukwuma Soludo, the former CBN Governor. The ENTIRE industry was affected, as others worldwide. The Nigerian economy was hit by four economic catastrophe namely: — The oil price drop from $147 per barrel to $30. All oil importers refused to sell in a hurry at this new low price, so banks had to give them time for the price to improve. — The worldwide stock market collapsed and this led all foreign investors in the Nigerian stock exchange to hurriedly sell their shares. This further depreciated the Nigerian stock exchange index, also having an adverse effect on the banking industry. — The CBN, in response to crashing oil price, devalued the Naira by 40%. This meant importers with unsettled bills had to source more Naira to buy Dollar, and thus, put a strain on bank customers and the loan portfolio of the banks. — The sudden devaluation of the Naira by 40% caused a panic among overseas banks that had dollar placements with Nigerian banks. They immediately gave notice and withdrew their funds. IB Plc lost $1.2bn in this way. “Rather than the new CBN Governor to perform the role of ‘lender of last resort’, he used the crisis to take over banks for his mentor. All these banks had prominent Nigerians waiting to buy them at “knock-down” or give-away” prices. However, the media altered the equation. On the 14th of August 2009, without any discussion, Malam Sanusi issued me a letter of removal as CEO of IB Plc. He also removed all executive directors of the bank with armed police men. Continuing he said “The letter (copy attached), said that based on the examination he ordered on the 18th June, 2009, it is in the public interest for the CBN to intervene by taking over the bank. Till today, no report of the examination has been made available to me, the management, or the Board of the bank. We had no opportunity to learn how the CBN came to its decision, nor were given an opportunity to respond to the examination report, as is the usual process. My removal by Malam Sanusi was done in flagrant disregard of the legal provisions regarding the removal of bank directors (i.e. Section 35 of the Banks and Other Financial Institutions Act, Cap. B4 Laws of the Federation, 2004) asthere was no lawful special examination ordered into the affairs of Intercontinental Bank Plc, as required by law. Since no order for special examination of the bank’s affairs was signed by Malam Sanusi, as required of him by the law of this country, his order for my removal is, improper and unlawful. According to Dr. Akingbola “The current CBN examination of May 2010, now says there is a N 95 billion loan over-provision, which means IB Plc was deliberately marked down previously. Two lorry loads of police were sent to IB Plc to remove me. It was like a bad movie, a big surprise that a person can be driven away from a business he had started and nurtured for over 21 years in one hour. And without any opportunity to contest it. Akingbola said in his petition “I was surprised that the next morning (Saturday), all the papers carried personal interviews with Malam Sanusi, in which he accused all the CEOs of various misdeeds. This showed that it was pre-planned and well-rehearsed. On the evening of 19th August, I received a call that Malam Sanusi under the powers that the late President had delegated to him, had ordered the EFCC, the Police and the SSS to arrest me. I also learned that two lorry loads of personnel were en route. I hurriedly left the house, though I could not believe that all this had transpired in the last 72 hours. I then recalled a professional disagreement with Malam Sanusi while he was CEO of First Bank. Back then, I had discovered that his staff members were de-marketing IB Plc and I wrote to him concerning this. (Copy attached). “My immediate conclusion was that Dr. Saraki and Malam Sanusi wanted to take over IB Plc by fraudulent means, and that if I went into their custody, it could result in my death, in order to silence any opposition to their plans. Mr. Mahmoud Lai Alabi was appointed by the CBN as the new CEO of IB Plc. Mr. Alabi is an employee of Dr. Saraki as chairman of Songa Farms and several development funds in the state. On resuming, his first task was to write off Dr. Saraki’s loans to the tune of N8.115bn (Papers & letters attached). He also wrote off loans totaling N32bn to friends of Dr. Saraki and Malam Sanusi. All this, in a bank that they were meant to be rescuing. All these written-off loans had been classified as “good” and “performing” by the CBN examiners, and had been secured with properties in Ikoyi (Lagos), Victoria Island (Lagos), and Abuja. The CBN examination report of May 2010 complained about this massive loan or “cash gift” to Dr. Saraki. Next, he recruited former Societe Generale staff as Executive Directors and loan managers (for example, Mr. Gbenga Alade). “Mr. Alabi proceeded to sack the entire senior management of IB Plc and replaced them with former Societe Generale staff. It is clear, rom these actions, that I was removed to smoothen the take-over of IB Plc for Dr. Saraki. As at the time the shareholders’ appointed management was ousted by Malam Lamido Sanusi, IB Plc was not owing the CBN one kobo on the discount window. Also, IB Plc had Inter-Bank takings of N73 Billion. However, as at today under the CBN’s appointed management, IB Plc is now owing the CBN N100 Billion and owing other Banks N300 Billion, making a total deficit of N400 Billion after the purported intervention by the CBN. “It is rather curious that: all the banks are yet to receive any examination report from the CBN to show areas of deficiencies; the CEO and entire senior management were removed without the Board or shareholders being informed; without any criminal charges or reports, the CEOs were arrested and locked up – to prevent them from speaking to the media.; “It was after locking them up that the EFCC started searching for possible offences (in my case, it took 4 months of searching for any offence to pin on me). Mr. Alabi, the new CEO of Intercontinental Bank Plc, is an employee of Dr. Saraki (chairman of Songa Farms in Kwara). In fact, Dr. Saraki is running IB Plc by proxy; Within two months of his appointment, Mr. Alabi wrote off N 7 billionn of Dr. Saraki’s loans – the companies are Linkers, Dicetrade, Skyview Properties, and Joy Petroleum. g. As the appointment of each senior management of IB Plc was being terminated, Mr. Alabi was recruiting and replacing them with former Societe Generale staff, in order to complete the take-over. He said “For instance, the Executive Director of risk management brought into IB Plc (Mr. Gbenga Alade) is a former Societe Generale staff member. Dr. Saraki has now used his political power to take over IB Plc after his failed peaceful merger attempts. Malam Sanusi claims to have injected N100bn, (which is less that 10% of the IB Plc’s value), and as such now owns it 100%. “This is a bank with a balance sheet of N 1.6 trillion; 330 branches; two foreign subsidiaries; 10 well-established subsidiaries; 12,000 members of staff; and paid-up capital of N 230 billion. Where is the justice? When Malam Sanusi initially injected N 100 billion into IB Plc, he wrote to the Board that it was a seven-year loan (copy attached). Why is he now trying desperately to sell the bank within a year of the loan? “I am appealing to the Attorney General and Minister of Justice to institute an independent investigation into the “so-called” banking reform of Malam Sanusi and the fraudulent N32 billion loan write-off. I am also appealing to this government which believes in the rule of law to reverse the fraudulent take-over of Intercontinental Bank Plc and return it to its Board, management and shareholders. All the allegations against the banks’ CEOs should be independently investigated by the Attorney General’s office for fairness. Even with the deliberate damage being done to the banks and their stock prices on a daily basis, if we are given six to nine months, the banks will be restructured to the normal, favourable and fair positions” he said in the petition. 0 0

Read more at: http://www.vanguardngr.com/2010/09/akingbola-opens-up-accuses-saraki-sanusi-of-plotting-a-take-over-of-intercontinental/

A boy abused Iroko Tree and was looking back as he walks away, he does not know that Iroko may not likely strike same day it is ABUSED. KARMA can catch up with you ANYTIME.. [i][/i]
PoliticsNaija My Thought by Kaykay(op): 12:31pm On Apr 15, 2016
Whosoever you may be, you can do better positively: politician, professional, youth, market men/women; Let's think positively,our NEGATIVE thinking, talking is killing.
Naija you can do better
PoliticsRe: Nigerian States By Internally Generated Revenue (IGR) - 2015 by Kaykay(m): 12:19pm On Apr 15, 2016
Wow Gr8
PoliticsRe: Nigerian States By Internally Generated Revenue (IGR) - 2015 by Kaykay(m): 12:18pm On Apr 15, 2016
Gr8
PoliticsRe: Power Distribution Firms Reject Supply From Generating Plants by Kaykay(m): 3:40pm On Mar 16, 2016
[quote author=BeeBeeOoh post=43822545]If you want to gain likes on NL, just type "Buhari Is A Dullard or Buhari Is Clueless.. E.g


You are so **** that you are even against your 'Personal text: Making amendments is much more better than saying "I'm Sorry'
You have no wisdom of making thing better and yet you are unrepentant....i pity your future..shio
Nairaland GeneralRe: Graphic Photos From The Accident Along Bauchi-jos Road by Kaykay(m): 4:26pm On Mar 07, 2016
We are more of people that are rushing to NOWHERE, the truck driver, the commercial driver just like we want a short cut to everything in life. Nigerians, life has no duplicate, let us be careful and patient we will get there....wherever our destination.
PoliticsWhat Would Have Naija's Fate If Jonathan Had Won? by Kaykay(op): 8:56pm On Feb 10, 2016
For mature and objective contributions only. Let have your sincere thought.
Politics#what Would Have Been Naijas Fate Today If Jonathan Had Won? by Kaykay(op): 8:36am On Feb 10, 2016
Just for matured and objective contributions, no sentiments please.
PoliticsRe: Punch Newspaper Mocks Fayose And Wife Over Prediction (pic) by Kaykay(m): 3:10pm On Feb 09, 2016
dustmalik:
Read your comment again and see if it makes any sense at all. Too many children on Nairaland. This is why I avoid coming on here these days.
'Children' is ambiguous here, 'KIDS' describe such better.
Jokes EtcRe: Guess What Mbaka Told The Jounalist About Buhari Nd Biafra As He Was Parking Out by Kaykay(m): 2:47pm On Feb 01, 2016
israelmhoy:
-
You never stop: he that defrauds shall definitely be defrauded, you can't escape it except you change.. Change NOW I beg you so that you will not suffer later in your life....Change..MTN never sent you to do any PROMO on their behalf.
Car TalkRe: This Trailer Could Just Be A Death Trap As Seen In Lagos (photo) by Kaykay(m): 1:37pm On Feb 01, 2016
You can't do good in life as long as you choose to be be defrauding people all the way
PoliticsRe: Reps Invite Amaechi Others Over Alleged N1trn Rail Contract Scam by Kaykay(m): 11:36am On Feb 01, 2016
NOC1:
observed that most nairalanders read headlines and forget or ignore to read the content of the message.
Its gravely pitiful to note that today's youths are mindless, careless and Nonchalant about almost every meaningful.
PoliticsRe: Reps Invite Amaechi Others Over Alleged N1trn Rail Contract Scam by Kaykay(m): 11:30am On Feb 01, 2016
NOC1:
observed that most nairalanders read headlines and forget or ignore to read the content of the message.
It gravely pitiful to note that today's youths are mindless, careless and Nonchalant about almost every meaningful.
Car TalkRe: Monster Car I Saw In Newcastle, United Kingdom Today by Kaykay(m): 10:30am On Feb 01, 2016
joyhope693:
woa
Jawo from defrauding people, before its too late for you. You will cry later
CrimeRe: Glory Uzoh Shot By Robbers In Abuja (Viewers Discretion) by Kaykay(m): 2:23pm On Jan 28, 2016
hoperose347:
no pitty why?
You are not any different from those robbers you know, defrauding people with fake promos even quoting Bible passages, you are CURSED if you dont repent from this way.
EducationRe: Kaduna University Suspends John Danfulani, Lecturer Over Facebook ‘hate Speech’ by Kaykay(m): 12:48pm On Jan 28, 2016
rosehope166:
kk
Why are you treading the accursed way, quoting Biblical passage to support your FRAUDULENT intention? Which PROMO?
Quit this path now before, repent and purge yourself of this deceptive tendencies because you will always pay, not ONLY you even YOUR generation.
FamilyRe: Carpenter Killed By Live High Tension Wire, Wife Dies Hours After (PIC) by Kaykay(m): 10:30am On Jan 28, 2016
joyhope771:
nawa
Your cup of deception is full, judgement is upon you. Why quoting BIBLE passage for FRAUD....YOU CURSED YOUR SELF
CelebritiesRe: Toolz And Tunde Demuren's Engagement Dinner (Photos) by Kaykay(m): 10:23am On Jan 28, 2016
joypraise983:
hmmmn
Why are cursing your life and your future generation with this deceptions, PROMO to deceiving people?
You have the guts to EVEN quote BIBLE PASSAGE for FRAUD.....YOU ARE CURSE if you don't desist.
RomanceRe: After Two Weeks Of No Intimacy See The Story She Came Up With by Kaykay(m): 2:28pm On Jan 11, 2016
OP, I remember reading your post sometimes ago about this girl, i will want to commend on your GIFT of insights. The question you asked threw her off balance, it was as if you were reading her life history or like you used to know her before now, so she felt insecure and possibly exposed. May be it was coincidental or by instinct the message was clear.
Build on it, she needs your help and you can ONLY help her if you are patient and she ready to listen to you. Once you cross this hurdle your future will be bright.
BusinessRe: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Kaykay(m): 11:08pm On Dec 11, 2015
livefromnaija:
People and pointing accusing fingers. This isn't GEJ tenure so leave the old man alone.
Dear, these are the effects of mismanagement we had during that administration. Nairas taken from CBN were changed into dollars, distributed to chiefs &big goons of the party. Don't let us have short memories, the arrest of Dasuki recently exposed these.
BusinessRe: Naira Finally Crashes To 260 Per Dollar, Its Lowest In 42 Years by Kaykay(m): 11:01pm On Dec 11, 2015
Are these not the effect of dollarisation of the economy by the past administration as exposed by Dasuki, Dokpesi &co .what you expect when the no 1 citizen decided that dollars should become the medium of exchange. It must first get to this level but Nigeria shall surely overcome.
PoliticsRe: Kabir Akingbolu: Lawyer Sues Buhari Over Failure To Tackle Fuel Shortage by Kaykay(m): 4:34pm On Aug 04, 2015
Ezenwammadu:
The dullard wants to tour the world and snap pictures you attention seeking lawyer

Anything that relates to Nigeria problems is not in his list of priority
He is dull he is YOUR president and 1000 of u cannot equal him. Do u have a father? Why are u so daft and lack common sense even if u are PERSONALLY wronged by the president. Ur extent of being worse DULLARD will soon catch up with u. U are exhibiting absolute hatredness, bitterness that might end up eating up. Beware.
PoliticsRe: Boko Haram Converts Chemistry Labs To IED Factory by Kaykay(m): 2:18pm On Aug 02, 2015
ShowYourCertificate:
This same Dikwa story? I thought the Military captured Dikwa last week? Why are they giving us Dikwa story? Why don't they tell us about how they've secured other regions. Regions like Gamboru that was bombed recentlly.

I've observed that the military is just slicing the Dikwa story and feeding the populace. We can't be deceived. The military has to sit up and secure the North East.

Military Captures Dikwa https://www.nairaland.com/2475292/nigeria-army-recapture-dikwa-borno#36237455

Military Releases Pictues Of Weapons Recovered in Dikwa https://www.nairaland.com/2479555/see-pics-boko-haram-weapons#36298833

Military Captures A Town Along Dikwa https://www.nairaland.com/2480962/another-success-achieved-gallant-troops#36316239

Soldier Poses With Dead Boko Haram Member In Dikwa https://www.nairaland.com/2483539/soldier-poses-alongside-dead-body#36350024

Army Rescues 30 Civilians In Dikwa! https://www.nairaland.com/2483539/soldier-poses-alongside-dead-body#36350024

Troops Uncover Boko Haram Bomb Making Factory In College In Dikwa! https://www.nairaland.com/2496039/troops-uncover-boko-haram-bomb-making#36518379

All of these in the same Dikwa. Abeg give us another news undecided
If u continue like this, it's likely u get hypertensive. Hate always eat haters more than the hated beware.
EducationRe: See Where Students Of Orizu College Of Education Charge Their Phones by Kaykay(m): 1:25pm On Aug 02, 2015
Swaggzkid:
The Daura D.ullard should be blamed for this
Though u 've displayed how kiddish u are according to ur name but what make this painful here is that ur Father might not have achieved up to half the president and worse is that ur father might not be close to his age....invariably u are exposing him(ur father) to such insults as this cos u have no justification what ur comment above. please learn to be more civil
PoliticsRe: Defense Headquarters Nigeria Reply To Nairaland.photo by Kaykay(m): 7:20pm On Jul 28, 2015
Taylor86:
ThankGod am new here

Deactivating my account won't be a bad idea

did sign of cross

runs out of thread b4 buhari leaves what is after him(boko) and chase innocent nigerians
You are not INNOCENT dear.....You 've been one disgusting commentator all this while. Please grow up and be more mature in your commentshenceforth

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