₦airaland Forum

it was a case of a group of boys-scout playing against a professional football side,we showed them the stuff champions are made of-------------manchester united the reigning english,european & world champions ONE UNITED,ONE LOVE,
@ crystalz,i am loving U to bitz

where is mukina,muki, muki, mukenke,hope u slept well yester-night,i swear if you were to be my girlfriend,i would have raped you front & back over-night for supporting a group of boys scouts, i am sure fashola would have done the same thing to madam if she had supported arse-anal yesterday (dont mind me jare,mukina my sweet-------- )

day of reckoning, who goes through,its dicey,wished & pray UNITED gets to the final ONE UNITED

@ chidi,
all these venom because you support chelsea? well i pray you live to see the day your bleeped-up chelsea will lift the champions league

mention,mention,, keep it coming guys,we appreciate,me and fashola,, we are committed to changing the face of lagos,you haven"t seen nothing yet (e o ti ri nkan-kan).BRF 4 PRESIDENT 2011

i was just wondering the type of business that a student can do on campus, any idea?

@mousty
Nna,you arsh oh

@mousty
Nna,you arsh oh

nna, just pop me an email at adiscglobal@yahoo.com,i will send you a report on that[sub][/sub]the best things in life are free

nna you arsh oh,you mean you dislike lagos that much

the lagos where billions of naira are being generated on a daily basis,the lagos of oppurtunities,the entertainment capital of nigeria,the lagos of kuramo beach,the lagos of beautifull & huge bakassied babes,the lagos of yellow & black buses,the lagos of, flyovers,national theatre,teslim balogun stadium,the lagos of oshodi,ojuelegba,v.i,ikoyi,the lagos of my birth,the lagos of ,

hi friends,you know i was just wondering this morning,what the world will look like without LAGOS

@ atura,, u be armed robber,how much have u made from trading your so-called forex that u want to rip the poor guy of a non-existing 20k, OLE

"Corporate identity theft, basically"
Corporate identity theft indeed,me think nairalist itself was copied from CRAIGLIST.com,even at that i do not support the actions of those nairalist+s guys,let them be creative and come up with their own thing

its so unfortunate that these ladies do not know the intrisinc effect their big booty have on the male specie,when a well shaped big ass do the wiggly-giggly,heaven knows that a lot of emotions are being stirred, the is really hard to describe,i am sure they will not understand,he who wears the shoe,knows where it pinches, GBAM case closed

need we say more?

http://www.proshareng.com/myproshare/portal_news.php?id=6083

Intercontinental Bank Plc appears to be in crisis
Posted Wednesday, March 18, 2009

NB: ProshareNI has written to Intercontinental Bank Plc to obtain a factual evidence of the claims published below and we advise all readers and users of the site to take this publication as a 'public information' ONLY which we had to acknowledge given that our analyst had issued an alert on the bank during our June 2008 seminar in Lagos, then, the Chief Technical Analyst, C. Biosah, had raised the issue of Intercontinental Bank's inability to pay high dividend (i.e., the bank had a low dividend yield). He had noted that in light of the large net income reported on the FYE financials, how come they paid out less than N1.00k in dividend. He concluded the case study by questioning the accuracy of the finacial statements so reported.

We intend to conduct an analyst report on the bank and follow through with investigations at CBN, NDIC, SEC and NSE as well as the banks firms of auditors and customers to validate the reality here. In the meantime, we must state that there is no factual data and information to support the conclusions reached below and advice investors to acknowledge the developments but stall action for the next three weeks when we hope to issue out our report.

-          CBN and Intercontinental Bank required to clarif
Intercontinental Bank, one of Nigeria’s high-flying banks appears to be facing serious difficulties that could force it into liquidation before the end of 2009. The bank’s precarious situation is due to its huge exposure to toxic loans to stockbrokers and importers of petroleum products.

While CBN has offered a stout defence of the bank’s financial position, a detailed investigation by THE INSIDER has confirmed that Intercontinental’s net assets are dwindling by the hour. The FIRS recently stopped the bank from collecting revenue and the EFCC has invited some of the bank’s top brass over the 19 billion facility given to Alhaji Shehu Badamasi, the CEO of Tanzila Petroleum.   

The bank recently tried to raise some money by increasing its minimum savings balance from 1,000 to 10,000 hoping to use the cash to bolster its books. The move backfired as the general public could not understand the rationale behind the directive. As people rushed to withdraw their funds, the bank shut down its systems on March 6, 2008 and later blamed it on a technological problem. 

Staffers of Intercontinental are already looking for jobs in other banks as it has become obvious that only a miracle will save Erastus Akingbola’s empire. His well publicized plans to buy a Rolls Royce Phantom on his sixtieth birthday may soon have to be placed on hold as the stark reality finally dawns on him.
Yesterday’s CBN directive would have carried more weight if the agency could be trusted.

Professor Soludo promised depositors before the consolidation that no depositor would lose his money after the merger process. That turned out to be a blatant lie. Sylvester Odigie, a prominent businessman still has 300 million trapped in Fortune Bank not to talk of smaller customers that cannot afford to publicize their plight on the pages of newspapers. Soludo knows that there is a 95% chance that he will not be offered a second term at the helm of the CBN so he can afford to endorse Intercontinental Bank knowing that he is on his way out.

By the way, Intercontinental Bank has developed the habit of using its “Best Bank in Nigeria” award as a cudgel. Whenever, the bank receives bad press, it reminds us that The Banker, an affiliate of The FT named it as the Bank of The Year for 2008. But the same lazy researchers at The Banker, a PR rag, said that Spring Bank was one of Nigeria’s top five banks. A few months later, Spring Bank nearly collapsed. Lesson: Awards mean nothing. Always do your own due diligence.

By the way, I received a “damage control” text message from Intercontinental Bank today. It read, “Dear esteemed customer, the minimum balance on your savings account remains N1,000. Kindly disregard our earlier SMS on the increase. We regret any inconveniences and appreciate your continued patronage.” It came too late. I’ve already cleaned out my account. I advise you to do the same.

Source/comments:
Please email Dayo Coker

dayo.coker@gmail.com

Ex-Editor,

NIGERIAREPORTERS.COM