₦airaland Forum

gbengaijot:
reading some individuals comment on Nairaland makes me cringe. Shows how uninformed some are.

Before you post or insult please always use google to search for information or better still try things out yourself.

1. Before he won the bid, he would have a proof of agreement with banks to lend money

2. It was after the contract came that they stalled investing the funds (they did lot of meetings and the bank reneged on their promise; contract; agreeement)

3. No millionaire sponsors project with their money. They use banks. Thats the essence of banks

4. Nigerian banks are myopic in their lending structure. In the UK, you can get a £25,000 loan spread over 5 years. In Nigeria, no bank will lend you 1 million over a 2 year period.

If you doubt me, take your small business proposal (an already existing biz o) to the bank where you have some money. Ask them for a 1 million Naira loan and see if they'll give it to you.

The bank should have just asked the Government to GUARANTEE the loan, if they are scared that babalakin will not pay back.

That is what the UK govt did recently, (i understand that we are two different nations, but i mean, banking is same everywhere, isnt it?)


Now, can anyone tell me how we can have more jobs, when we are allowing foreign institutions to invest in our country because local banks cannot get their "sogundogoji" (turn 20 to 40 instantly) returns within 1 year.

ritchboy:
What Coogar has posted is where the players would be when they're attacking. When defending Sneijder will drop deeper to partner Carrick. If 37 y/o Giggs can play the role, Sneijder can!

lastpage:
*What has "Adeboye" got to do with this? Is he lending money to the project or is he just providing "Spiritual P.R" so as to further hoodwink our people?
*What has Papa Adeboye has to say about the "start-work, stop-work" that has been going-on in the last 8yrs, on that road? Does it take 8yreas to "banish those demons" that are "stopping the work" on that all-important road? Na waaO!
*Why did Pastor Adeboye not "openly" tell this Babalakin of a guy, the home truth? Why is he not always telling "thieves" that come to him for spiritual certification, some open, home truths? Maybe he has been telling them but we are not hearing about it neither are we seeing any positive results!
*Why does Babalakin want to "widen" a 3-lane road, to a 3-lane Road again or is someone playing funny here?

mbulela:
the simplistic way these men of God deal with corruption in high places is aiding the destruction of the society.
why does darkness feel so comfortable in the company of light?
some of the people who go to these men of God are more comfortable in their presence than in the company of the masses.
I would have expected these men of evil to quake in the presence of men of God and fear for their iniquity.
in some parts of the world,religious leaders maximize their sphere of influence for accountability,ours seem to just bask in the euphoria of the influence they wield.
stop talking to them in the secret,it is making no difference.
scold them in the open.

chamotex:
Baba:

"Forget it. We are looking at some things but I am not so sure Sneijder will be easy to get. I could pick three or four players to come in but they wouldn't be good enough for us, so there is no point.

"I would be happy enough [to continue with the present squad]. Maybe I am a bit overloaded in the strikers' positions. The alternatives in midfield are not nearly as strong. But I have a good squad."

VolvoS60:
The inmates are still running the Nigerian asylum.

According to Mr Babalakin "There’s nobody who wants to give out money. This road was given to Nigerian Banks to finance; Nigerian Banks don’t have a long-term contract. We were holding meetings upon meetings, but you discover that all they can give is money for a year or two years and what you need is money for 15 years".

Indeed.

How did Bicourtney win the concession to begin with if the funding aspect had not been sorted out? And if it is clear that it cannot deliver, why has the concession (or concessioning or whatever) not been revoked? And what compensation will be paid to taxpayers for the losses incurred as a result of non-performance?

These are the questions Nigerians should ask and DEMAND answers to. I drive on the Lagos-Ibadan expressway regularly and the waste of human lives on that road is truly heartbreaking. I have seen horrific accidents on that road in which this country's best and brightest (people in their most productive years) have been killed or maimed because of very poor road conditions (although i should add that there are also other reasons for the high rate of casualties. But that's a matter for another day).


Mr Bablakin, BUILD THE DAMN ROAD OR REQUEST FOR THE CONCESSION TO BE TRANSFERRED TO MORE CAPABLE HANDS. We are tired of excuses. While you talk about ''powerful forces" and other nonsense, people are dying on that highway.

I hope Nigerians can see the consequences of their actions (or lack thereof). After several years of PDP-led administrations at the centre, our public infrastructure continues to deteriorate. Yet people continue to wallow in the kind of self-delusion that feeds statements like "i voted for Jonathan & not the PDP".

You get what you pay for.

readymade:
@ Ibime,

watch what you say, Insulting a man of God to you may seem cool, but you are really heaping trouble upon yourself,

A word is enough for the wise,

, Have a good day.

Ibime:
Pastor Adeboye is a bastard and a cretin, a charlatan who sells the candidacy of thieves and oligarchs to the Southern Christian proletariat.

What kind of dark-ages mentality would prompt a man of dog to ask for prayers for a road which has already had 3 failed budget allocations and is now being put up to tender to be financed by the private sector by a thief with a long history of fraud, incompetence and debt-default? BTW, the Lagos Government has never had any problem getting the Private sector to finance its infrastructure projects, but nobody trusts the rotten PDP Govt with their money. Why should straightforward engineering projects be shoehorned into the realm of religion whilst the bovine-brained congregation are coerced into believing that "spiritual forces" are behind the incompetence of Government officials as they cart away the nations wealth through the back door? How many prayers were said in the Developed World for them to build their bridges, roads and infrastructure?

Instead of the conniving man of dog to call leaders to account, he habitually serves as an image-launderer for these thieves and murderers. It is no surprise that some of the biggest thieves worship with him and some even take shepherdry of his flock (Akingbola). If a true revolution was carried out today, the man of dog called Adeboye would not escape the hangman's noose.

AjanleKoko:
And the white man's mentality is praise singing (or butt licking)? Really?

Seanet1000:
Jarus, You are a disgrace to Yorubaland, Infact you are a Bastard. If this is all you learnt at your kunu City called Brainwashed schools, you deserve to be expelled from Yorubaland. It is only misfits like you that will put a clueless Sanusi among the first 1 million in Yorubaland. You are really clueless and dumb for this Vituperations. You are a real Disgrace to Ife. Thats why we need to conduct mental test for you Ilorin Fulani Apologists.

Jarus:
Where is the childish bait?

Katsumoto:
FORMER Group Managing Director and Chief Executive of Intercontinental Bank Plc, Dr. Erastus Akingbola, yesterday called on the federal government to probe what he described as reckless destruction of the banking industry by a handful of men who are still pretending that they are working in the nation's interest.

Akingbola, who is being prosecuted by the Economic and Financial Crimes Commission (EFCC) over alleged misappropriation of N364 billion belonging to the bank faulted the ongoing banking reform by the Central Bank of Nigeria (CBN), saying it was aimed at hijacking other people's businesses by a cabal.

In a statement at the weekend, Akingbola, who blamed his ordeal on Kwara State governor, Dr. Bukola Saraki; CBN governor Lamido Sanusi and the CBN-appointed incumbent Managing Director/CEO of Intercontinental Bank Mahmoud Lai Alabi, also called for the return of the bank to its shareholders.
Akingbola, it would be recalled recently returned to the country to face charges of fraud levelled against him by the EFCC. But describing the allegations against him as "absurd," the former Intercontinental Bank boss said: "I am happy that I am now in the law courts where the truth, by the grace of God, will surface. I repeat that I did not steal or misappropriate one kobo from Intercontinental Bank Plc throughout my 21 years service to the bank."


He accused the Alabi-led management of sinister motive, saying: the numerous pointers to the sinister motive behind the take-over of Intercontinental Bank by the trio was that Mr. Alabi, barely few days after assumption of office as MD/CEO, fraudulently wrote off N7.5 billion out of the N8.5 billion loan Bukola Saraki and his companies took from the bank.


Describing the write-off as a cash gift, Akingbola questioned if the action was in the interest of the depositors that the CBN governor claims that he is protecting, adding that the Alabi management has been busy spending money he left in the bank.
Part of the statement read: Just like any other bank trading in the industry, Intercontinental Bank had Interbank takings of N73 billion which is more than acceptable for a N1.6 trillion bank. However, today, under the Mahmoud Lai Alabi management, the bank owes the CBN over N100 billion and owing the Interbank market over N300 billion, showing a massive exposure of N400 billion in less than one year of the take-over; and Sanusi is not calling for Lai Alabi's head for obvious reasons.


Even if the bank was in trouble, as alleged by Lamido Sanusi, why were its shareholders and Management not given the same opportunity Unity Bank and Wema Bank was given to recapitalise their banks? I think it is now clear that the motive behind this so-called Banking Reform was simply to hijack other people's businesses. It is clear that Alabi has been sent to the bank to loot it for his mentors and destroy the Akingbola Legacy.


Alabi is paying himself N7 million per month (N84 million per year), yet he is still using the Bank's money to fuel his car and generators. I never earned up to N5 million per month throughout my 21 years of building the bank.


Lai Alabi has bought for himself and each executive director 3 bulletproof jeeps each. I only used two official cars at any one time throughout my 21 years stay in the bank. Lai Alabi and his Executive Directors had granted themselves Housing loans of N100 million each having worked for just a few months.


�Before I left the Bank, we had 350 branches in Nigeria, 40 branches in Ghana, one UK office and ten stand-alone subsidiaries. Now Mahmoud Lai Alabi is selling off the Branches and other assets of the bank with impunity and diverting the proceeds.



�Before I left the Bank, we had 12,000 members of staff. Now Mahmoud Lai Alabi has retrenched over 3,000 of them (and he is set to sack more). I think employment provision should be a major measure of an economy that is doing well.


�Before I left the Bank, Intercontinental was an international bank that every Nigerian, and indeed lovers of the Black race, that arrived at London Heathrow Airport, Terminal 5 was proud of. Now Lai Alabi wants to turn the Bank into a Regional Bank restricted to the south-west of Nigeria alone. These are the same people who are appealing to banks from other nations to come and buy over Nigerian banks but are busy trying to shrink Nigerian banks.


http://www.champion.com.ng/displaycontent.asp?pid=695

Ibime:
According to Montelik: Smalling can adapt to defensive midfield.

Smalling is a semi-professional footballer and he is the worst passer in the top two divisions (Premier League and Championship).[b] I've been watching Smalling closely, and I don't think he has ever completed a pass to a team-mate in his career.