₦airaland Forum

@poster, the fact that you are having sleepless nights and having to debate over choosing one out of 2 men in your life suggests that neither are really up to the task. You have doubts about both of them and marriage is hard enough without entering into it with doubts and concerns.

If you were my kid sister, I will say dump both or wait a little longer to see how it pans out before rushing into marriage with either of them.

I do understand that at your age pressure will be mounting up from all angles to just pick one and settle down but please don't do it until you are 100% sure and have a peace & conviction in your spirit of the one you are about to choose.

P.s If I were forced to choose between the 2 men , based on what you have said, I will go for number 1 a guy you know inside out; including his strength's & weaknesses etc. I have nothing against number 2 but trust me on this, a phone & on-line relationship is no where near the real thing.

What is he like in the morning, is he tidy, does he have bad habits, where does he press the toothpaste, does he leave the toilet seat up or down, does he snore etc etc

Though this sounds funny, finding all this out on the wedding night may be the start of many problems to come & im sure there will be some things that you do that he will only find out after the marriage.

Urs 1st.

Lead By Example!

Staff of Bank PHB resumed work this morning to find that the bank's chief executive, Francis Atuche, has resigned his position. Mr. Atuche made his decision known in a farewell letter that was sent to the staff at about 7:00am.

In the letter, the former executive did not say why he is leaving the bank at this time but said, "As in all things however, there is a time to say GOOD BYE. As I bow out today from the Bank, I earnestly urge each and everyone of you to keep the PHB passion aflame so that the height, the mount everest which we envisioned shall not only be accomplished, but shall be surpassed and we would have created an institution that would outlive".

Mr. Atuche also attempted to justify his policies as the bank's head. "In the course of my stewardship we took decisions which affected all of us in different ways but they were in the best and overall interest of the Bank," he said.

Last night, sources told NEXT that the central bank had concluded plans to sack the bank chief today.

It is unclear, at this point, whether the bank's board will appoint a new executive or the CBN will make the appointment as it had concluded to do.

Four other banks, ETbank, Unity Bank, Wema Bank and Spring bank are reported to have also failed the CBN's stress audit. In all cases, it is expected that their chief executives will either resign or be relieved of their jobs by the CBN.

The sources also said the Central Bank will pump N200 billion into the banks to stabilise them. The Central Bank is shopping around for capable hands to run the banks during this emergency situation. It is not clear if the banks will be allowed to stand alone or be forced into the hands of more robust institutions.

NEXT investigations reveal that the problems of Bank PHB involve non-performing loans, as well as the attempted acquisition of Spring Bank. ETB on the other hand is in trouble not for lack of money but a total lack of corporate governance, according to our source. Spring Bank was described as a shell, while Unity Bank is believed to be broke.

Two weeks ago, the Central Bank in a communiqué confirmed that it had completed the audit of 11 more banks, and was continuing work on the audits of the last three. The communique said: "The CBN wishes to confirm that examiners have concluded their audit on 11 out of 14 banks not included in the first exercise. They have also made significant progress on the remaining three banks and these are Citibank, Stanbic IBTC and Standard Chartered."

The Nigerian banking sector has been in a state of flux since August when the then new CBN Governor, Sanusi Lamido Sanusi, in one fell swoop, got rid of, the chief executives of five banks, namely Oceanic Bank, Union Bank, Afribank, Fin Bank and Intercontinental Bank.

When he announced the sacking, Mr. Sanusi said "these banks were unable to meet their maturing obligations as they fall due without resorting to the CBN or the inter-bank market. As a matter of fact, the outstanding balance on the Expanded Discount Window of the five banks amounted to N127.85 billion by the end of July 2009, representing 89.81% of the total industry exposure to the CBN on its discount window, while their net guaranteed inter-bank takings stood at N253.30 billion as at August 02, 2009. Their Liquidity Ratios ranged from 17.65% to 24% as at May 31, 2009. (Regulatory minimum is 25%)."

Once the dust settled, it became quickly clear that the banks had weak risk management frameworks and poor corporate governance, which resulted in the depletion of their capital and overexposure to marginal loans in the downstream sector of the oil and gas industry.

The five banks that were affected by the sackings have since seen a sharp drop in share price. Speculators believe their market value may drop to the nominal value of 50 kobo.

The CBN has so far injected N420 billion into the five banks for emergency capitalisation. The Central Bank also continued its cleansing action with the publishing of the over 200 debtors, owing more than N740 billion.