₦airaland Forum

very funny.
all these comedy in the theater of absurdity,we call country.
na wa.

From Omon-Julius Onabu in Warri, 10.27.2009

Former militant leader, “General” John Togo, has expressed concern over the failure of both the Federal Government and Governor Emmanuel Uduaghan of Delta State to open to him the negotiation door since he surrendered his arms in late September, along with about 300 of former fighters.
He said that he had come under immense pressure from the former armed youths under his command because his group of repentant militants appears to have been sidelined in the ongoing post-amnesty arrangement, saying his boys were prepared to return to the trenches in the creeks if it turned out that he had been deceived into surrendering his weapons.
In an e-mailed statement to THISDAY in Warri yesterday, titled “A Piece of Match can consume a Forest”, the former Niger-Delta “warlord” advised for immediate correction of what he called an anomaly in the overall interest of the region and the country.
He warned the Federal Government against heeding the misleading counsel of certain selfish individuals and politicians in order to avoid the mistake of believing the post-amnesty peace process could be successful once some “alpha and omega” in the region had been co-opted.
He said the security Joint Task Force (JTF) and ex-militants in the entire region could testify to his pre-amnesty exploits, enough to warn those that appeared to be toying with him to have a rethink without further delay.
He stressed that what was agreed on during the negotiations leading to disarmament was that the amnesty or post-amnesty programme would be all-inclusive, rather than a sectional or politicized affair that it seemed to be assuming now.
Togo, who claims the Ijaw title of “Mein Bolou Dau Ogbo” of Niger-Delta, however commended President Umaru Yar’Adua for his peace efforts in Niger-Delta, particularly the unprecedented declaration and enforcement of the presidential amnesty for then militants in the region including him, stressing that freedom remains a priceless thing.
“I am commending him because it has not happened anywhere in the world that arms of a rebel group are surrendered voluntarily and without bloodshed. But our president used his endowed wisdom to retrieve arms by a mere granting of amnesty to us. I embraced it and surrendered arms with 300 fighters under my command in Delta State. I am enjoying my freedom because there is nothing like freedom of life”.
But Togo, who surrendered to the presidential amnesty committee in Bomadi Local Government Area of Delta State, said “neither Mr. President nor my state governor, Dr Emmanuel Uduaghan has deemed it fit to open a discussion with me for way forward. I feel deceived and sidelined in the whole peace process.
“However, I want to tell Mr. President that nobody has alpha and omega power in Niger-Delta as far as arms struggle is concerned. I have had my record and all past and present JTF commanders can attest to that.
“I do not mind whether I have endorsed a white paper not to go back to the creek, if the government at various quarters fail to open a negotiation with me quickly.
My boys are on my neck that I have deceived them after dropping arms. Government should not forget the saying that “a piece of match stick can consume a forest. This is not a mere threat, if am neglected.
“I know Mr. President has done a good job by embarking on peace process in Niger-Delta; I don’t want to be the one to crumble the ongoing peace process in Niger-Delta. But if the government feels otherwise, I will be obliged to also think otherwise. I am aware Mr. President has been misdirected by politicians not to open discussion with Generals like us. And if is true, that is a fatal mistake to the peace process. In the military, all Generals have equal treatment.
“Therefore, I am warning the government to start negotiating with abandoned militant leaders like us for permanent peace in Niger Delta to reign. Look, even though we have surrendered our weapons, if we want to go back to the creek. We know where and how to secure our arms within Nigeria and outside the borders of this country.
“Finally, I still maintain the amnesty granted to me by Mr. President and I will continue to protect it, if the government wishes me to do so. The post-amnesty negotiation should not be partial. The development of oil bearing Niger-Delta villages is not negotiable; but the negotiation should take Abuja city as a case-study for permanent peace to reign in Niger Delta.”

what do you mean by rumours?
he gave you concrete figures showing that these banks were living on borrowed times and above their means.
moved in within the confines of the law and you are talking about jungle rule and all that.

kindly tell me what Sanusi has done that is ilegal?
sacking the CEOs?
appointing new CEOs?
publishing the list of debtors?

thanks for the correction but i'll rather sound like Sanusi than sound like Akingbola.
on a different note,let me know the basis of your argument (if you have one),that the facts as it concerns the borrowings of Intercontinental,Oceanic and Finbank from the interbank and CBN are the figment of Sanusi's imagination or that these banks were not grossly overexposed with none performing questionable loans while indulging in frivolities like buying jets and all sorts?
you have not exhibited any objectvity in your cases.you are simply wiping up porly thought out emotions.

so we should wait for court cases that will drag on for over 3 years while the bank is unable to meet its obligations and the CEOs live like kings and queens while telling us it a result of hard work and God's grace?
do you know that Oceanic had the effrontery to attempt to pay dividends while borrowing billions on a regular basis in the inter bank market?

see Andy Uba is still in court 4 years after Obi's swearing in.is that how long you want us to wait before booting out these crooks?
can you comfortably tell that to depositors and shareholders in that bank?

naijaking1,
you have made a good show of avoiding critical issues and chasing irrelevant shadows.
Sanusi never said he is a saint but the fact grave crimes have been committed and deserved grave actions.
all these attitude of 'are they the only thieves?' and 'Sanusi is not being fair' are diversionary and counterproductive.
I have said it elsewhere Sanusi is fighting a lost battle but with all the thunder he can muster the banking industry needs someone to drive the fear of God into their hearts.
While i agree that Sanusi needs some tact in his delivery,i think the hysteria about him destroying the financial market is laughable at best.
men and women like Cecelia Ibru and Atuche who ran listed banks like corner grocery shops and looted at will while cooking the books did their damnest to destroy the industry and did not need Sanusi's assistance in that regard.

i will only entertain all these arguments the moment anyone can prove to me that the CEOs were not guilty of all the crimes that Sanusi accuses them of.
until then, these arguments are baseless.
i share Sanusi's sentiments;these guys and women deserve to be hung on a stake and shot.
even Sanusi knows that our compromised judiciary will end up given these crooks a slap on the wrist.
i have said it before, Sanusi is fighting a lost cause but if he succeeds in putting the fear of God in the hearts o those crooks, all the better.

to answer the question, i think Sanusi is a liar





































































































































and Soludo is a fraudster.

another contract issued, another looting in progress.

From Willie Etim, Yenagoa

REPENTANT militant leaders in Bayelsa State have threatened to take up arms again if the alleged plan to comb their camps to ascertain whether they surrendered all their weapons was carried out.

They argued that the move could ignite fresh crisis in the state and make nonsense of the entire amnesty programme of the Federal Government.

In a swift reaction, the state government has denied the allegations.

Led by General Monday, the disarmed warlords alleged preferential treatment for some of their colleagues in camps across the state by the Timipre Sylva administration.

According to Monday, the discriminatory policy was causing division among the leadership of the former militant leaders in the state. He, therefore, called for the intervention of the Federal Government to put the post-amnesty programme on course.

In an interview in Yenagoa yesterday, Monday flanked by his colleagues, claimed that some selected former militant leaders were being accommodated in the Government House.

He added that while the government made adequate provision for some former militant leaders in term of logistics, others were abandoned to their fate.

Monday said: "All the 43 camps in the state are formidable. All of us served in the creeks and accepted to embrace the amnesty of the Federal Government to fast-track development in the region as well as proffering lasting solutions to the crisis in the region.

"It is sad that while some militant leaders are being treated as kings, others are being abandoned."

He accused the government-backed leaders as orchestrating the move to screen the camps not only in the state but also in the entire region, warning that if the government embraced the idea, the result might not be palatable.

Monday commended President Umaru Musa Yar'Adua for initiating the amnesty deal, saying that he would be remembered for the return of lasting peace in the region.

According to him, the payment of monthly stipends as promised by the President had been paid promptly while other post-amnesty programmes were on course.

His claims were supported by "Generals" like Highest in Apoi-Creek Camp, Patrick (Freedom Fighter), Godgift (Kurubou), Aduma (Kirifon), Daniel (Soku Camp), Obekuma (Juju Point), Frank (Lion Camp) and Agadagba. They threatened to resume hostility if the injustice was not addressed by the government.

Denying all the allegations through the Director-General of the Due Process Bureau, Mr. Von Kemedi Demiari, the state government said it was not aware of any plan to "screen" the camps for weapons.

He also said there was no disparity in the attention being given to any particular former militant.

"All of them are given equal treatment," he said.

http://www.ngrguardiannews.com/news/article03/indexn2_html?pdate=231009&ptitle=Ex-militants%20oppose%20alleged%20move%20to%20comb%20camps%20for%20weapons

By Emele Onu, 10.24.2009

Shareholders of the eight banks recently taken over by the Central Bank of Nigeria have automatically lost their investments in the banks.
The CBN governor, Lamido Sanusi disclosed this yesterday in Lagos while speaking at a policy dialogue organised by the Nigerian Economic Summit Group.
The banks - Union Bank of Nigeria Plc, Oceanic Bank Plc, Intercontinental Bank Plc, Afribank Plc, FinBank Plc, Bank PHB plc, Spring Bank Plc and Equatorial Trust Bank Limited – were found to be in a grave condition after the CBN’s audit of the 24 banks in the country, prompting the injection of N620 billion into the affected institutions by the Reserve Bank.
He pointed out that the result of the audit in the eight banks indicated that the non-performing loans of most of them exceeded their share capital, which resulted in a situation whereby their balance sheets had a negative networth.
“Their shareholders’ funds were eroded from the provisioning for loan losses, leading to an erosion of their investments in the banks,” the governor explained.
He said the sacked bank executives and shareholders that went to court challenging their removal and alleged take-over of the banks, failed to realise they are no longer shareholders of the banks going by the books of accounts of the institutions.
“It is the government (or rather, the CBN) that has provided the bailout that has a claim on the investments. But any other shareholder can emerge after the debts of the banks have been recovered.
“That is what the aggrieved shareholders and former CEOs don’t seem to understand, which is why they even kicked against our debt recovery efforts that ordinarily will favour them,” he explained.
He said the other set of people with claims on the banks are depositors and creditors, whose interest he said the CBN was doing everything to protect by not allowing the banks to fail.
“As far as I know, the so called key shareholders and bank executives that ruined these banks do not deserve a place again in the institutions but should find their place in jail or even be shot dead,” said Sanusi in an emotionally laden voice.
He pointed out that the shareholders have been affected by the grave situation the banks were plunged into.
Sanusi said for some of the banks, the percentage of non-performing loans to total loans was nearing 50 per cent and that these represented loans tied to the capital market that has lost about 70 per cent of its value.
The CBN governor disclosed that one of the banks had non-performing loans of over N300 billion and that the CEO of a particular bank wired £13 million to himself without any transaction to back it.
He however, regretted that the audit was belated, adding that because of it the economy has been deeply affected by the negative consequences that has manifested in an acute credit crunch.
“The problem started as far back as October last year when some banks became permanent customers of the Expanded Discount Window, which was a symptom of a deeper problem.
“Any risk manager that didn’t see that as a sign of a big problem is not worth being called a risk manager.
“The situation necessitated the audit of the banks when I became governor, and it was discovered that five banks accounted for 90 per cent of the borrowings from the expanded discount window. The rest is now history.
“What the CBN is after now is how to make the banks recover and perform their role of financial intermediation for economic growth and development,” said Sanusi.
On inflation, Sanusi said: “Inflation has been reducing, likewise interest rates, but if 20 per cent of the budget is not spent and the economy grinds to a halt, it is not CBN’s problem but that of the government.”
He said government has to work for the economy to move forward, adding that part of the problems of the banking system is that the banks have taken an undue burden of economic growth.
The director general of NESG, Frank Nweke Jr, said the group conveyed the policy dialogue to get first hand information on the objectives of the CBN’s intervention in the banks and to enable the private sector make their input to the reforms.
The chairman of the occasion, Fola Adeola, co-founder and former managing director of Guaranty Trust Bank Plc, enjoined banks to always heed regulations for the stability of the financial system.
The chairman of the NESG, Mazi Sam Ohuabunwa, urged the CBN to fast-track the second phase of the reforms to return the financial system to stability and restore confidence in the system and the economy.

Deep Soul:
I think Amaechi is trying to hard to do everything all at once and that, to me, is folly.

How and why should most major roads be under construction at the SAME time?

Imagine Rumuola and Mgbuoba Roads being "constructed" at the same time

And in the same vein, bikes have been banned so every tom, privates and jane claim to be cab drivers these days.

Too many cars with few roads which are incredibly bad which results in nightmarish traffic that can compete with Lagos traffic

And like someone rightly said, the quality of work some of these contractors have is downright scary.

A good example is the bridge being built across Agip Junction/Mile 3. The contractor looks like he's doing trial and error.

I have promised myself not to ever be caught dead on that bridge when or if it ever reaches completion stage.

Amaechi should just concentrate on what needs to be done rather than trying to do everythin all at once just in the name of getting ready for another term. Thats just blind zeal.

On d other hand, the primary schools being built across the state is commendable. Coming from the govt, they look like solid structures that would last another good number of years. Another commendable point is the training of the primary school teachers in the state. I like that education is finally being given some attention. I can only wish the attention is spread to the tertiary institutions. The Rivers State University of Science & Technology is a rot. ANd thats putting it very very mildly!

And oh, the increase in the number of doctors is also commendable.

But biko, we need roads. I hear Gov Amaechi has formed "Operation Zero Pot-holes". And I whole-heartedly agree with him because what we have in Ph arent pot-holes. They are freaking valleys!

very concise and meaningful contribution.

yeancah007:
Whats your choice ?. . .its a discussion thread,if you don't agree or like it just click 'Next'

some people just love to complain aimlessly.

aisha2:
The type of corruption that goes on in the Army is unbelievable. Because of the strict hierarchy people cant complain but am glad they are talking now. I served in a military establishment and some times when a Snr colonel or a General wants to host a party he will just send for someones pension fill, get some touts to act as next of kin and cest tout, they will rob someone of all his life savings

i hope that story is not true.
it is too gory to be believed.
please tell me it is not true.

my faith helps me contextualize humanity.
country ceased to mean much to me since mine descended into a failed state.

so it is faith,humanity and country in that order.

Behind bobo:
The governor is trying,but i ve been living in port harcourt for 3 years and all i can say is that money is not everything,the quality of jobs contractors are doing here is bad.With these contractors, the best u can get is a mediocre city.Those pics are actually from existing buildings abroad and i have seen some renderings for the buildings in the new city and as an architect i m not impressed.But i know it  ll be a good project if the roads can be perfectly done and there s electricity with some landmark buildings.With these,all other things ll be secondary.

xpawn:
the governor shld make the present PH (where there are bad road, flooding every where even GRA, incomplete road projects etc) great first before planning a greater one. We are tired of plans, we need execution of previous plans b4 u start planning new ones.

cicero:
Sorry to digress but has anyone paid attention to the work progress of the contractors handling Artillery-Rumubiakani-First Bank and Rumubiakani-Slaughter, that is Zerock and RCC respectively? While it is glaring that Zerock is grossly incompetent mischief, RCC has continued to display technical competence (Infact the piling equipment hired by Zerock looks so old and worn out that it was mistaken for junk and marked 'REMOVE' with red paint by government officials) I am told the Governor personally monitors the operation of these contractors, I am surprised he is allowing this madness to continue.
WHY CAN'T HE KICK OUT ZEROCK AND ALLOW RCC COMPLETE THE PROJECT?

This is all i ask of public officials, at present.
anybody asking for saints in the present circumstances is dreaming.
let them work first.
if they truly work,by work i mean putting the needs o the people first, fashioning out ways of meeting those needs and implementing those plans, then there will be less to steal.
if every governor restricts his stealing to the unaccountable security vote they get every month (which runs into up to 100 of millions for ND states) then naija will be a better place.
we need to start from somewhere first.
give your friends contract but let them be qualified for the contracts you award to them.
let them execute it effectively and if they do not,let the law take effect without your interference.
if Annenih fixed lagos-sagamu, benin-ore road and fixed it well,who will be most worried if he was given a 20million naira kick back?
the truth is that millions have been voted for road maintainence, roads have gotten worse than ever,lives are still been lost on those roads and the money is no where to be seen and the thieves parade their wealth while attributing it to hard work and God's grace.

to answer the question, my own governor is not performing.
The curse of rivers state is governors who love publicity and sycophancy.
Amaechi is not as bad as Odili in that regard but he is bad all the same.
most of this projects are not even thought through and most of them end up being done in the name of 'job for the boys'.
There is so much going on in the city at once, that you wonder if it is being thought through at all.
forget greater PH city, sort out the present PH city first.

"We want to make them feel safe and ready to sacrifice for the nation. So by the time we are through, we would have delivered a brand new Nigeria Police Force for Nigerians," Onovo stated.

you and your peppersoup drinking colleagues, will you be in the fore front?
or you want to lead the poor officers to astray?

[quote author=Abu-Maryam link=topic=340039.msg4766250#msg4766250 date=1256013612]If a truck will work it must chop fuel. Mine is performing well, at thesame time chopping money yeye. Danjuma Goje Of Gombe state.[/quote]That is all i ask of public officials, at present.
anybody asking for saints in the present circumstances is dreaming.
let them work first.
if they truly work,by work i mean putting the needs o the people first, fashioning out ways of meeting those needs and implementing those plans, then there will be less to steal.
if every governor restricts his stealing to the unaccountable security vote they get every month (which runs into up to 100 million for ND states) then naija will be a better place.
we need to start from somewhere first.
give your friends contract but let them be qualified for the contracts you award to them.
let them execute it effectively and if they do not,let the law take effect without your interference.
if Annenih fixed lagos-sagamu, benin-ore road and fixed it well,who will be most worried if he was given a 20million naira kick back?
the truth is that millions have been voted for road maintainence, roads have gotten worse than ever,lives are still been lost on those roads and the money is no where to be seen and the thieves parade their wealth while attributing it to hard work and God's grace.

to answer the question, my own governor is not performing.

By Onajomo Orere

PRESIDENT Umaru Musa Yar'Adua and Henry Okah, the leader of Movement for the Emancipation of the Niger Delta (MEND), were set to meet last night in Aso Rock, Abuja ostensibly to save the nation another round of attacks by militants as threatened by the insurgent group.

Okah was reportedly contacted by the government, through an intermediary, believed to be a newspaper publisher, at the weekend.

The intermediary promptly contacted Okah's lawyer, Femi Falana, who in turn got in touch with the MEND chief in South Africa.

By the arrangement, to be kept as secret as possible, Okah was asked to fly from South Africa to Ghana and wait for a plane to pick him to Abuja for the meeting. While he agreed to this, he was said to have insisted that his lawyer must attend.

Okah was believed to have flown to Lagos from South Africa en route Ghana yesterday and by press time last night, the intermediary had flown to Ghana to bring Okah to Abuja while Falana flew to the federal capital from Lagos to link up with the party.

It was being speculated last night that Yar'Adua was not comfortable with the advice of his men that a renewed military showdown with MEND or other militants would be the best solution to the new threats.

The Federal Government has actually been arming the JTF to be able to curtail any new threats in the difficult creeks of the Niger Delta where militancy had resulted in the country's oil production cut by over 1.3 million barrels a day.

The Federal Government has also been unwilling to negotiate with a five-man Aaron Team which MEND named on September 29 to take up its negotiation with the government.

The Aaron Team is made up of Vice Admiral Okhai Mike Akhigbe (rtd), Maj.-Gen. Luke Kakadu Aprezi (rtd), Prof.

Sabella Ogbobode Abidde and Prof. Wole Soyinka (observer). Madam Annkio Briggs was to be the liaison between the group and the Team.

MEND had said that the eminent members had "volunteered their time in a bid to bring a just and lasting peace to the Niger Delta".

The Minister of Defence and Coordinator of the government's Amnesty programme, Maj.-Gen. Godwin Abbe (rtd), had rejected negotiating with the group.

Unlike other militants' leaders, Okah did not meet with President Yar'Adua even after his release from prosecution. He told The Guardian after his release that he had not bothered about a visit to the President then because "I believe I owe my freedom to the men in the creeks and that is the only place I have gone."

He had said during the visit to The Guardian that he had his doubts about the amnesty programme's success and that freedom fighters would return to the creeks: Except the government began a proper implementation of the Ledum Mitee Committee report and in good faith too. According to him, the arms and ammunition that the repentant militants were surrendering were just a fraction of the quantum of weapons in the region.

In all, over 8,000 militants surrendered their weapons, buoying the confidence of the amnesty programme implementers who hailed the scheme as a huge success.

MEND had warned that beginning from midnight of Friday, it would resume attacking oil firms and the military. The dreaded militant group had unilaterally suspended its attacks after Okah who was undergoing treason trial in Jos, Plateau State, was released and all charges against him dropped by government in the spirit of the amnesty which ended on October 4. But MEND and Okah had derided the amnesty programme, saying that it did not address the root issues of the struggle.

The fresh attacks threat issued by MEND were scoffed at by Abbe, particularly the JTF, which dismissed it as grandstanding and repentant military commanders of the MEND who waved it off as empty threats.

AMID speculations of a lingering cold war between Information and Communications Minister, Prof. Dora Akunyili and the Minister of State in the ministry, Alhaji Ikra Bilbis, over functions and responsibilities, President Umaru Musa Yar'Adua has divided duties and responsibilities for both officials.

The redesignation of duties would however appear to be a trend in ministries with more than one minister as the same kind of delineation of work schedules has just been done for Rilwan Lukman and Odein Ajumogobia of the Petroleum Ministry.

Both ministers, in the Information and Communications Ministry who are new in the current dispensation, are said to hold opposing views on certain policy issues.

The Guardian learnt that the Minister of State was vehemently opposed to some decisions by Akunyili and he said so in a working paper to the Presidency.

By a September 16, 2009 memo (59311/T/151), from the office of Secretary to Government of the Federation (SGF), Alhaji Yayale Ahmed, a new schedule of responsibilities was communicated to both ministers. While Akunyili will provide overall leadership and guidance for the attainment of the goals of government and the ministry's objectives, oversight in the formulation and implementation of policies necessary for the realisation of the ministry's mandate, and make statements on behalf of government, the minister of state will support and stand in where she is not available.

There has been a cold war between the two ministers over the issue of responsibilities. The cold war became fiercer when the Akunyili directed that certain agencies which hitherto reported to the Minister of State, should begin to report directly to her. Such agencies include the NCC, the Nigerian Postal Services and the Universal Service Provision Fund for telecommunications.

The agencies in contention were earlier assigned to the Minister of State through a May 16, 2007 memo ref EC18(07)4, but was said to have been turned down by the then Minister who insisted that the three agencies must report to her, a decision that had taken major responsibilities off the minister of state.

Following the President's intervention, the supervision of the three agencies in contention was moved back to the Minister of State with immediate effect.

The new schedule indicates that the Minister of State has full powers and responsibilities over spectrum licences and other matters relating to telecommunications.

In the new schedule, the minister:

*Provides overall leadership and guidance for the attainment of the goals and objectives of the Ministry

*Provides oversight in the formulation and implementation of policies necessary for the realization of the mandate of the ministry.

*Makes public statements on behalf of government when the need arises.

*Chairs press briefing sessions of ministers of government

*License radio frequencies for broadcasting (spectrum)

*Provides oversight for the following programmes and activities of the Ministry

a) Domestic and overseas publicity, including the implementation of the Rebranding projects

b) Regulation of/and relationship with the mass

media;

c) Information/publications of government

d) Government press and oversees the following parastatals:Nigerian Television Authority 7; Federal Radio Corporation of Nigeria; Voice of Nigeria; Nigerian Broadcasting Commission; Nigerian Press Council; News Agency of Nigeria, Nigerian Film and Video Censors Board; Nigerian Film Corporation; Nigerian Institute of Public Relations.

*Ratifies the decisions of the Ministerial Tenders Board to ensure full compliance with the statutory procurement laws and regulations.

*Initiates and presents the Ministry's memoranda at the Federal Executive Council.

On his part, the Minister of State will:

*assist the Honourable Minister in the formulation and implementation of policies within his/her scheduled areas in a manner that supports the realization of the mandate of the Ministry.

In a Move that appears to put the minister of state in charge of the Communication end, of the ministry he/she will:

*Oversee the following programmes/functions of the ministry:

a. Regulation of the postal and telecommunications industries of the country, including licensing frequencies for telecommunications.

b. Rural telecommunications development

Reform of the telecom and postal sectors
d. Bilateral and Multilateral relations on postal and telecom matters.

*Oversees the following parastatals

a.Nigerian Communications Commission, NCC

b.Nigerian Postal Services (NIPOST)

He will also oversee the Universal Service Provision Fund
*In addition the minister of state will Lead the country's delegation to international conferences on postal and telecom services

*Carry out any duties that may be assigned by the Honourable Minister and;

In the absence of the Minister, the Minister of State takes full charge of the ministry with the rights and privileges of the former, the memo added.

To all those who said Atuche's only problem was acquiring Spring bank, i hope this egg on your face smells good?
I really need someone to explain to me what the job of the boards of Nigerian banks are?
How can a bank have these huge amount of non performing loans without the connivance of the board?
How come we have heard no word from Pat Utomi, the vice chairman of PHB board?

most Nigerian artistes smoke weed.so it is not a Mo'hit thing.

on account of the comments on this thread, the respect i had for this section of Nairaland is lost.
I use to see the view expressed on this section as the authentic voice of Nigerian music fans.
Today, i regret such a view.
I am seriously disappointed.

because it is the easy way out.

marvix:
Just one question for u, that they employed over 20,000 people does it give them the right to jeopardise the economy, the future of the hard working staff and their children.
Dont u know that when d chips start coming down assuming the CBN stayed asleep d first people to feel the heat would be the hard working staffs of the banks.
Are u aware that oceanic refused recruiting corpers who they used extensively to work for them because of the financial crisis they put themselves in ditto for intercontinental and fin bank incase u dont know some female corp members even slept around just to deliver and yet were shown the way out dont u think he nemesis just started with this five forget sentiments what do we want to do with the list of debtors from other banks if not just to promote the sales of the media houses that would have the exclusive list or are the monies going to be recovered by printing debtors names

shei ya, poor girls

Radiant:
Yea she can press charges but N200m?

na market.the bargaining will begin.
how much you get?

i understand the woman's pain and action.
but what i don't understand is how Daniel Wilson comes into the picture.
all he did was lend his car to Ibinabo for the day.he was not there when she was getting drunk neither was she there when she drove under the influence.
madam, i beg strike out Daniel Wilson name for that case.
that is undue and unnecessary publicity.

this one is private debt.
when will the public (govt) debt be made public?
I am a Sanusi supporter but i seriously doubt he can win the battle he is waging.
the foundations of the industry are faulty and seriously rotten

^^^^^^ gbam