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binghammer:But then when one decides to withdraw dollars he/she has been saving in Domiciliary the charges by Bank would cut a big percentage of the money. I've dollar account but I prefer this cash pickup with zero charges. I don't know why anyone would decide to save foreign currency and enrich the banks upon collection? |
Domiciliary Account? When he decides to withdraw his the charges are too high! InvertedHammer: |
Guys, in view of the new cbn policy, I think there will be no qualms in withdrawals. I bank with Access, please who knows how much they charge for dollars withdrawals from Domiciliary Account? I've not used mine for a long time. |
Hi Spyder880 Please what's your contact details? Someone needs your professional input in ABA and somewhere in Rivers. Regards |
cosef:what happened to Ola Aina? |
https://thenationonlineng.net/bank-phb-shareholders-seek-n58b-compensation-cbn-keystone-bank/ Bank PHB shareholders seek N58b compensation from CBN, Keystone Bank Joseph Jibueze by Joseph Jibueze January 29, 2015 in News Update 0 FacebookTwitterPinterestLinkedInWhatsAppEmail Some shareholders of the defunct Bank PHB Plc have sued the Central Bank of Nigeria (CBN) at the Federal High Court in Lagos over the alleged illegal transfer of their shares to Keystone Bank without compensation. The plaintiffs are demanding N38.6billion from the defendants being “fair compensation” to them for the value of their investment in Bank PHB Plc. They also want N20billion as damages for the loss of their investments’ value in Bank PHB. The plaintiffs are praying for an order setting aside the alleged unlawful nationalisation, compulsory acquisition and expropriation of their investments in Bank PHB. Keystone Bank, Attorney-General of the Federation, Nigeria Deposit Insurance Corporation (NDIC) and the Asset Management Corporation of Nigeria (AMCON) are other defendants in the action. The plaintiffs said NDIC on August 5, 2011, wrote the Managing Director of Bank PHB, informing him that the bank’s assets and liabilities had been transfered to Keystone Bank. According to the plaintiff, the letter entitled: “Re: Exercise of intervention powers by the NDIC” purports to vest Bank PHB’s assets and liabilities, including the plaintiffs’ investments, in Keystone Bank. They said NDIC did so without any form of adequate compensation being paid to the shareholders. The plaintiffs are praying the court to declare that the action amounted to unlawful compulsory acquisition of their investments and is, therefore, unconstitutional, arbitrary, null and void. They also want the court to hold that the purported nationalisation of their investments without being paid compensation is unlawful and contravenes Section 44 of the 1999 Constitution. Nine of the shareholders sued for themselves and on behalf of others whose names were on the register of members as at October 2, 2009. They are – Benedicta Oyiana, Ifeyinwa Oyiana, Chioma Oyiana, Okoli Dumebi, Felix Oyiana, Pius Okonji, Obiageli Okonji, Austin Ndiwa and Allwell Brown. The defendants, however, filed preliminary objections to the suit, urging the court to strike it out for lack of jurisdiction. Arguing the objection on Thursday, CBN’s lawyer, Mr. Kola Awodein, said the plaintiffs did not the file the action properly. “We are saying that their claim is contentious, so they should come by writ of summons, not originating summons. “It’s not sentiment. It’s about the law. If you’re coming before the court, you must come properly. I urge your Lordship to strike out the matter,” he said. Hello Folks, I'm wondering if anyone has information regarding above court case. I invested N500,000.00 in said Bank PhB shares, and I can't believe my hard earned money is gone! Our government surely doesn't care about plight of common man otherwise should've compensated poor masses who invested in this bank they took over. What's your thought my fellow Nigerians |
SmithHumble50:Obama papa parents do not live Porsche |
PASCHAL28:http://newsexpressngr.com/news/detail.php?news=2817 |
My full name is Ahmed Obi. How's that? |
I'm not expecting magic guys, Buhari will not easily defeat terrorism / Boko Haram, except it's a scam because we have Xtian President. Lets keep praying for God's help for this serious 'wahala.' |
That's why like Yorubas, they don't commit crime. |
nwadiuko1:Alex Otti is from Aro Ngwa, we all know the history of the Aros. Even Ngwa people came from somewhere, everyone in Igboland migrated from somewhere. |
Hello Good People, especially from affected shareholders like myself; In your view(s) do you think there's any hope on this suit. I hope and pray so. I don't think this fraud of investors (Bank PHB shareholders I mean) losing their hard earned money just like without any protection from the Govt is good, and I doubt if it could happen in any Western Countries. Comments please! |
CBN, AMCON, others lose bid to stop suit against Bank PHB’s nationalisation Tuesday, 10 March 2015 17:19; Written by Bertram Nwannekanma THE Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have lost their bid to stop a suit filed by some shareholders of the defunct Bank PHB against the nationalisation of the bank and transfer of assets without compensation. In the suit, which also had Keystone Bank Limited, the Attorney General of the Federation and the Nigeria Deposit Insurance Corporation (NDIC) as defendants, the shareholders are demanding N38.6 billion from the defendants being “fair compensation” to them for the value of their investment in the defunct Bank PHB Plc. The shareholders in the suit marked FHC/L/CS/1273/11 are Benedicta Oyiana, Ifeyinwa Oyiana, Chioma Oyiana, Okoli Dumebi and Felix Oyiana, Pius Okonji, Okonji Obiageli, Ndiwa Uwaonye and Allwell Brown. They are also praying the court to award N20 billion as damages against the defendants in their favour to cover for the loss of value on their investments in the defunct bank. They further sought an order of the court setting aside what they described as “unlawful nationalisation, compulsory acquisition and expropriation of their investments in Bank PHB.” In their papers filed before the court, they contested the validity of a letter dated August 5, 2011, written by the NDIC to the Managing Director of Bank PHB, informing him that the bank’s assets and liabilities had been transferred to Keystone Bank. According to them, such a transfer amounted to an illegality when the NDIC did not make any arrangement for their compensation prior to the move. But the defendants had through preliminary objections urged the court to strike out or dismiss the suit for lack of jurisdiction. They also questioned the locus standi of the plaintiffs to institute the suit, which had a far reaching effect on the planned sale of Keystone Bank (Formerly Bank PHB) by AMCON in the second quarter of the year . However, in a ruling delivered last week, copy of which was made available to The Guardian yesterday, Justice Mohammed Nasir Yunusa held that the holding of shares in a company gives shareholder a say in the company. In addressing the issue as to whether shareholders have a right of access to the courts, the judge stated that a shareholder has such rights. Citing the case of Tukur versus Government of Gongola State, the judge held that it is trite that no executive arm of government can take away a citizen’s right to acquire or hold property, thus there can be no compulsory acquisition. According to the judge, the plaintiffs’ claim hinged on Section 44 of the constitution of the Federal Republic of Nigeria and the right to ownership of property. The court stated that by virtue of section six of the constitution of the Federal Republic of Nigeria, an aggrieved person may apply to the High Court to enforce his rights, and the plaintiff has freely exercised this right. “Section 114 of the Companies and Allied Matters Act provides for the rights and liabilities attached to shares of a company, the judge added that “in essence, the shareholder has a legal right to approach the court. Section 610 of the Companies and Allied Matters Act gives the Federal High Court jurisdiction to hear such matters. “The court stated that in determining jurisdiction, the issues of Parties and Subject Matter must be looked into. The proper parties must be identified as where they are not before the court, the court would lack jurisdiction to hear the matter. “The plaintiff has a claim and has the locus standi to institute the action and seek redress pursuant to Section 46(1) of the Constitution of the Federal republic of Nigeria. “It is trite law that there must be a competent Plaintiff and defendant in a suit before the Court”, the judge ruled. The court also emphasized that by virtue of section 251 (p)(q)(r) of the constitution of the Federal Republic of Nigeria, the Federal High Court has exclusive jurisdiction relating to agencies so far as it affects the Federal Government. The court stated that the plaintiff’s claim is hinged on Section 44 of the constitution and so is part of fundamental human rights. “The right of any person is not to be unrestrained and that there are certain conditions which must be fulfilled concerning section 44 of the constitution such as the amount of compensation, there must be a law. “The mode of commencement is not material and by virtue of Order 3 Rule 1 of the Fundamental Human Rights Enforcement Procedure Rules, 2009 there is no limitation on the time to bring a fundamental human right matter. “Also, there is no requirement of compliance with the statutory pre-action notices when it involves fundamental human rights issues. The court held. Subsequently, Justice Yinusa held that the court had both party and subject-matter jurisdiction on the matter and adjourned hearing of the suit till March 31, 2015. It will be recalled that AMCON’s Chief Executive Officer, Mustafa Chike-Obi has disclosed to newsmen that the February general elections had made the corporation to delay the sale of Keystone Bank till the second quarter of the year. “Keystone Bank will be sold in due course. An election time is clearly not the best time to commence the sale of a bank. We will wait for the elections and allow the dust to settle. Sometime in the second quarter of the year, we will commence the sale of Keystone Bank,” Chike-Obi had said. In January, the corporation has stated that it would put this into effect soon after the general elections earlier scheduled for February (now shifted to March and April). - See more at: http://www.ngrguardiannews.com/business/201297-cbn-amcon-others-lose-bid-to-stop-suit-against-bank-phb-s-nationalisation#sthash.lJCY2aeF.dpuf |
Maximeo:@ KoloOyinbo KoloOyinbo:@ KoloOyinbo Please refresh yourself with History Books about how your forefathers immigrated to USA illegally for want of better life and solely to escape from poverty. If Americans hate Illegal Immigrants like you do now they would've deported your Irish fathers. In comtemporary times things are economically better in Europe hence they now maltreat and deport non eu immigrants, please get a life...there is nothing like ILLEGAL IMMIGRATION, the Earth belongs to us all (It is of the Lord's and His fullness thereof.....). Europeans preach human rights, they should live by it, as an example. Not everyone that has immigration problem in the UK for instance sneaked in! Some (mostly with families) came with valid visa but lost their job due to recession after working for several years paying TAXES & NI. This is unfortunate; I know a family man who was affected, he then put in Human Rights Acticle 8 Application to UKBA but didn't get a reply for about 5 years, worst still he and his wife were not allowed to work during the intervening period, and this is fair by your standard. Colonialism still exist in different forms but that's a huge talk I'll leave for another day. Commonwealth is relevant to this topic because its member states should have some rights in UK if it wasn't a fraud by Britain because it no longer favours them. I'll comment later on some of the other submissions you made here when I get the time, got to get back to my work. FROM WIKIPEDIA Main article: History of immigration to the United States American immigration history can be viewed in four epochs: the colonial period, the mid-19th century, the start of the 20th century, and post-1965. Each period brought distinct national groups, races and ethnicities to the United States. During the 17th century, approximately 400,000 English people migrated to Colonial America.[13] Over half of all European immigrants to Colonial America during the 17th and 18th centuries arrived as indentured servants.[14] The mid-19th century saw mainly an influx from northern Europe; the early 20th-century mainly from Southern and Eastern Europe; post-1965 mostly from Latin America and Asia. Immigrants arriving at Ellis Island, 1902 Historians estimate that fewer than 1 million immigrants came to the United States from Europe between 1600 and 1799.[15] The 1790 Act limited naturalization to "free white persons"; it was expanded to include blacks in the 1860s and Asians in the 1950s.[16] In the early years of the United States, immigration was fewer than 8,000 people a year,[17] including French refugees from the slave revolt in Haiti. After 1820, immigration gradually increased. From 1836 to 1914, over 30 million Europeans migrated to the United States.[18] The death rate on these transatlantic voyages was high, during which one in seven travelers died.[19] In 1875, the nation passed its first immigration law, the Page Act of 1875.[20] The peak year of European immigration was in 1907, when 1,285,349 persons entered the country.[21] By 1910, 13.5 million immigrants were living in the United States.[22] In 1921, the Congress passed the Emergency Quota Act, followed by the Immigration Act of 1924. The 1924 Act was aimed at further restricting immigrants from Southern and Eastern Europe, particularly Jews, Italians, and Slavs, who had begun to enter the country in large numbers beginning in the 1890s.[23] |
KoloOyinbo:@ KoloOyinbo, You're bold to state that you bribed a Nigerian Police, what a shame! Both giver and taker of anything bribe are criminals, as you certainly. British Police may not take bribe because they're well paid, however if circumstances are reversed I believe they'd be worst. Despite the wealth and government welfare available to UK citizens, they still commit financial and other crimes, even MPs. Corruption also abound in Britain as well all know; please stop pretending about it, but state a balanced view here. I've read in the News about so many jailed British Police men/women for supplying prohibited drugs, perverting the course of justices, lying, collecting bribes, etc. If you don't like illegal immigrants, you should first of all condemn British Government who were the first and foremost ILLEGAL IMMIGRANTS IN AFRICA & OTHERS thereby 'setting the pace' by invading several soverign countries uninvited without visa or any sort of permission. Britain committed the worst crime of slavery amongst others. Please tell me the right of Nigerians in UK as Commonwealth Citizen? Or is Commonwealth a mere deception?? |
@ LondonKent, you've made very valid and truthful points here, I must note. Don't mind Justwise & Co, who are quick to support everything UKBA does. It's a fact that some UKBA officers are rude, liars (framing Immigrants up, etc), unfair and unnecessarily tough. Said UKBA officers have been found to lie on more than one occasions by Immigration Judges during tribunal hearings (it's no news). The issue of collecting huge application fees but dumping the application for several years, thereby wasting peoples lives is also no news. In addition to racism, Britain has a black past (dark period) with colonialism, etc but, I am yet to read that Justwise and co condemn such. |
Guys, An uncle has a bank account which has been dormant for a decade now, with old account number (not the 10-digit NUBAN), doesn't he have a chance of reactivating it? Anybody with experience please please respond. Thank you |
I don't live in Nigeria but my dad, 82 years old, told me truth about Ikwerre being Igbo, you're very correct my brother. However, as one of the Ogundu's children from Mgbo oyo, Azu mini Village, ISI OKPO, ours is very clear because we speak igbo. Meka!!! Maximeo: |
Well written mikeokiro: |
Thanks Onunugrace, I will call you for later. Cheers |
Hi fellow nairalanders, Please (Seun, MOD and others forumites) advise me of a trustworthy clearing agent in Lagos. I'm a novice in this biz. It's urgent because I'm shipping before Wednesday this week! Secondly, very important-is there any thing I could do in making sure that so many valuable stuff I'm putting inside this car are not stolen; the freight company/shipping agent couldn't guarantee? God bless you for any tips or suggestions or guidance. |
Chaleeee: Both cars will sell fast if the prices are cheap enough. But on the market average price, ship the BMW.Thanks Chaleeee but, could you please give me an idea about average market price for said cars? |
Hello fellow Nairalanders, Please I'm about to either buy from the UK and ship to Nigeria for sale: LHD BMW 318i Saloon, 2.0L, Petrol, Manual, 1999 Reg, 160,000miles or LHD Peugeot 406 Estate, 2.0L, Diesel, Automatic, 2003 Reg, 120000miles I'd highly appreciate any advice as soon as possible, many thanks. |
Hi All Please could anyone give me an idea of the cost of completing 5 rooms boys quarters with 2 toilets and 1 bathrooms and with 1 soakway. This B&Q apartment is an addition to main building in a village at Kelga Rivers State. The rooms including toilet and bathroom are partially built and roofed remaining plastering, ceiling, painting, wiring, plumbing, and the soakaway. So I need the cost for constructing soakaway, plastering, ceiling, painting, wiring all rooms including bathroom and toilet. Any costs suggestion would be very highly much appreciated. Thank you. |
it could be to prevent the kids dialling out unnecessary from his mobile phone, just to lock the keypad! There could genuine reasons for locking the handset, trustworthy couples shouldn't bother with this in my opinion |
that address and name could be fictitious! Or he may have collected it at post office with wayo ID card!!! r231: Sorry I have to laugh at his reply |
that address and name could be fictitious! Or he may have collected it at post office with wayo ID card!!! r231: Sorry I have to laugh at his reply |
update guys, NIPOST just confirmed that the smart guy (scammer) collected the phone last friday (17th Aug 12). I sent this rogue e-mail last night and he replied thus: Chairman. Calm down abeg no be soo na this country hard man and na lucky sey u dey UK.Our government no dey try at all and anyhow e won be we go survive i no get intention for something like that nah as per sey u be Naija guy. Guy try understand wettin boys they go through nah forget the fone just use ham as gift to ppl wey need money nah the country and boy's we dey inside no be smile..Leave that one abeg u pass this fone two nah abi u won come from uk becos of fone ###k.. Can you believe this shameless thief? Country hard but there are people doing menial jobs to survive! |
Very good advise PANTHEON, I wish I knew those safeguarding facts...I would not have fallen victim of this scam. I'm wiser now regarding trading on the net. Cheers pantheon: It's really disheartning that you experienced a scam from another Nigerian in Lagos, as we're the ones here taking all the rap for their actions. With future transactions - whether locally or internationally, always make sure you actually log in to your paypal account after you receive a payment confirmation. I always transfer the payment into my bank account before sending any goods or at least log in and see that there is indeed a payment. Even if you were not scammed, you could have been paid with an e-cheque which is quite frustrating as it takes 5-7 working days to clear before you can even transfer it to your own bank account. If someone cancels an e-cheque midway through the transaction you can equally find yourself at a loss, which is why you should transfer funds to your own account before posting. Another thing, @Booty4me it doesn't matter what email address you think the notification came from, people can easily clone a 'from' email address and appear to be sending an email from service@paypal.com when they're not. |
Freiburger: ^^ I cant understand why Max is doing this, all he need do is contact someone in Lagos who can help him out since the phone is yet to be delivered.freiburger, why am doing this is firstly to expose these guys (scammers) that give our dear country bad name. Almost all Nigerians living in diaspora/travelling abroad for business face a certain measure of stereotype associated with dishonesty; secondly, you never knew who the next victim may be. Thirdly, I don't if he had already collected this phone, because royailmail website stated that said phone was passed to overseas postal service for delivery in Nigeria on the 16/08/12, the same day I dispatched it. But, I don't care if I ended up not recovering it so far as I exposed this 419er. This rogue should simply channel his enermy and smartness to sometime meaningful. It's regretful that so many overseas companies now avoid doing business with Nigeria/Nigerians but transact with several other African countries. International businesses in Nigeria are happy about our battered image, I'm sure. Please lets do something about 419ers. |
