₦airaland Forum

Beaf:
^
Mr Govt. Can you please speak English, so you can be understood? Your grasp of pidgin is disgustingly poor.

It will also stop you from dodging issue's.
We ain't mucking about here.

more of us for nigeria understand pigin pass your queen's english. stop running, you understand me clearly. colonial mentality no good.

Beaf:
People like ndu_chucks with their brains blocked by Abuja Naira, just come here and talk bullshit. You don't know Nigeria's problem, we should provide a "detribalised" solution? Only the blind, deaf and dumb would subscribe to that.

which Abuja naira you dey talk, how you take know say no be for Port- Harcourt I dey? you dodge de question wey I ask you last week, make i ask  you again.

[list]
[li]you sabi say every naira note had arabic inscription until 2006, when the government of the day, redesign some notes, come remove the inscription?[/li]
[li]why you thing say dem remove am from those notes and leave am for de rest?[/li]
[/list]

take de questions as ya homework for dis weekend. if you find de correct answers den you go see say una no get point.

make i post you some features of de new notes, in the maintime:

Key features of the new notes include their small size, pictures of some past Nigerian heroes including the famous female porter Hajiya Ladi Kwali, bold numbering, map of Nigeria, the national colors and the denominations written in the three major languages of Ibo, Hausa and Yoruba

df2006:
that abuja wey u dey, don dey dull you. you no know what,s up! if nigeria na democratic country founded on genuine intent and unbiased equality, why the whole oil wey dey for her continental shelf no go belong to the state? but we find ourselves been harangued by murderous hordes from the north backed by the various foreign interest, decimating us entirely for their own selfish interest, koro koro greed, wey you and i dey see every day, using corruption on us, ibori wey twenty years ago neva see 1 million, all of a sudden see i billion, wetin im go do? sell im mother of cos, such kind people are foisted on us left right center, by this politically advanced tribe, dats why when we southerners dey call mallam aboki i dey always laugh, i wonder who the aboki be? us definitely!! the same group leave the large pyramids of groundnuts wey dem dey use sustain demselves, alone, their cotton and other things, come put their fangs for our neck begin suck us dry, my guy you still say make i wait say we be one. haba! bros think am well well. i don check am well see say no amount of 1ness, wey we fit be, parasite na parasite and this is the most easiest option they have, bleed us dry. bros i no get time now, i go continue later.

ngwannu, make i sift through the rants and noise, pick out one or 2 issues wey we fit tackle.  i want you to know say, e good to express frustrations atimes, de relief good for man pikin soul.  now to some points:

if nigeria na democratic country founded on genuine intent and unbiased equality, why the whole oil wey dey for her continental shelf no go belong to the state?

ol boy, abeg name one single country wey dey "founded on genuine intent and unbiased quality". dat ya genuine intent and unbiased equality no exist for any country. even America sef wey dey shout freedom, de kind equality wey you dey talk, no dey there.  de ting be say, your perception of realities dey kinda warped.

abeg make you clarify de second part of ya statement wey i quote there.  na which state wey de oil supposed to belong to, how many states or na only one state?   

dats why when we southerners dey call mallam aboki i dey always laugh, i wonder who the aboki be? us definitely!!

e wuuuu! so if southerners call "mallam" aboki, na abuse una dey abuse?  as a side note, aboki means friend in hausa language - goes to show that you are confused.

make you answer these small questions first, i never finsh with you. for that ya abusive groundnut remark; may ya face be filled with huge pimples de next time wey you eat groundnut even if you don pass puberty. dan iska.

df2006:
@ ndu_chucks, read btw the lines of my earlier post, before i replied you, you go see something there,[s]i go expatiate further if you get my drift.[/s] but if you no fit understand, i am sorry.

someting tell em say you no be intellectually lazy person and you sabi say no be only me and you dey read this thread. in light of dis, make we try avoid secrecy unless some sort of untruths full inside your assumptions. so save us de trouble, spell it out! no need to read between any lines, I no be agunmu dada wey sabi read minds. if you get point spell it out, no need to fear me, or anyone else for dat matter. if fear catch you, dat na ya palaver.

make I ask you one question, na who own all de offshore oil? na Ijaw people and de niger delta people? based on your answer, I suspect say i go give you response wey go surprise you. da'alu o.

Today for Abuja:

Mallam go buy dollar: N154
Mallam go sell you dollar: N155.5

Beaf:
^
ndu_chucks hasn't denied the "rumour".

Beaf, you again! na wettin be de rumour wey I no deny. shey you don start with ya disinformation again, ko? you don dey make me suspect say, instead of electromagnetically charged matter, na beef dey ya brain. (ok ok, na cheap shot, but na ya fault)

df2006:
you no know anything.
before you find solution of something you must know the cause. apparently a lot nigerians no sabi the cause, hence the log jam we find ourselves. until the truth comes out, we go dey perambulate up and down. but little by little we go dey send the truth from our living rooms, so that people like you go know and learn.

abeg make i indulge you small. wettin be de cause, from ya perspective, maybe we fit put heads together look for solution. try give me detribalized facts so that our discussion no go degrade into another useless affair. I dey wait o.

many of una wey dey post here should be ashamed. de most marginalized Nigerians wey una go find dey for naija delta region and for north, in de form of almanjiris.

none of una come from out of space, na naija dem born most of una, or at least una papa or mama. so therefore, na una responsibility to find solution to de problems wey una dey complain about. de energy wey una take dey fight is better used when una take am proffer solutions.

all of una be enablers to the leaders wey una get. if una fit come internet, then una dey priviledged, since most naija people never get light not to talk of internet. shame on all of una. de only ting wey una fit do na to cowardly battle each other from una living rooms.

wettin una don do personally to improve naija. most of una be dan iskas; olodo rabata, bloody tribalists and racists.

make una no vex, sometimes una need tough love.

dis Patrick Obahiagbon of a guy, na real showman. him been dey use grammer for attention since university days. him been dey use am like play like play, but de ting don become part of him fiber. de tings wey him talk here na common knowledge, even de blind man understand those facts wey him point out.

my question for Obahiagbon be dis: how many legislations you don introduce to address the issues wey you talk about. you dey there where you fit take action, and if ya actions bold, Nigerians go rally around you. people already like you because of de comic relief wey you dey provide.

as a legislator, wettin you don do? na pot dey call kettle black. methinks Dora dey more effective than you people for assembly.

^^^ Na wa for wayas;  Case Closed. !!      

holymike47:
Sometimes we overlook something. I just took a very close look at all our higher denominations from #100 to #1000, they all have ARABIC inscription. so what are we actually arguing? if i step on anyones toes, i am trully sorry!!

apologies accepted, you be voice of reason, unlike some of de posters here. many of dem just dey look for any opportunity to bash any tribe but their own. na yansh dem dey take tink, no be brain.

holymike47:
What i mean is that, they should use the same language as in the higher denominations, instead of making some arabic and some english.however i dont even know if its true that they are using arabic, what the poster said is a mere assumption.

holymike, you dey make a lot of sense. all denomination get arabic inscription until 2007 wey dem remove the inscription from (N5, N10, N20, N50) notes. de higher notes still get de inscription, so if na for uniformity, dem supposed to put de inscription back inside de new ones wey dem want print.

holymike47:
Guy read my post so far, i never actually yan anything about the arabic because i no know weda na truth or not, wetin the poster talk na mere assumption. But i feel its better for us to have uniformity and continuity in not only our notes.

holymike, me i no get issue with de tings wey you write, at least religion no factor into ya analysis. na many other posters for this thread wey I dey refer to. sorry for de confusion.

as I talk before, de notes dey uniform until the government of de day remove de inscriptions from the (N5, N10, N20, N50) notes. so to really make am uniform, if na uniformity important, e good make dem put dem back inside.  no be so?

Beaf:
English, Hausa, Igbo, Yoruba


I'm sure you will find that it isn't petty.

Naira appreciate 100%? In a country that imports everything and only exports oil? Wake yourself up. The way this thing has ben justified as a help to Hausa people who can't read English just doesn't cut it for the simple reason that Hausa is also one of Nigeria's official languages; but strangely they aren't batting for Hausa but some funky Arabic! Rubbish!
Thats called brainwashed, low self esteem.

The only reason for putting Arabic on our currency is because some idiots think they can Islamise the nation. They can't. Better for them to get their own nation where they can put zulu or French or whatever they want on their money.

And for those going on with the bullshit about religous bigotry; don't try reversing things to look like the victims. Don't bring Christianity into it because I AM NOT A CHRISTIAN.

make you try read de ting wey i write well before you talk. i mention religious bigots, and i no mention christian bigots, moslem bigots, animist bigots, or any other specific category of bigots. so frankly I no care whether na 100 year old wood you dey worship.

pray tell, you don see de new currency? if some cbn official don talk say arabic inscriptions go dey for de new notes, please post de link make i go read am. i go come back and apologize to you if de link dey valid.  if you no fit provide link, den you be lazy intelletual.  while you dey look for de link, if you know de reason why dem remove the arabic inscriptions for 2007, abeg help provide us with link to the information.

I dey go sleep, but I go check wettin you write tommorrow.  sometin tell me say you just dey pull my legs, in that case we fit share a calabash of burukutu one day.  

holymike47:
now what is your point. dont you think it is better for all the naira notes to be uniform. You are just talking up and down!!

my point be say, most of una wey dey post for dis thread, completely ignore de value of de new notes exercise. una don turn good ting upside down.

many of una dey very lazy. una no know de history of the inscriptions. una no even know say every currency wey we been get, always had arabic inscriptions and na when Obasanjo administration redesign new national currency (N5, N10, N20, N50) for  2007 wey him remove dem.

if obasanjo administration remove de inscriptions and una no talk, why una dey talk now? As I talk am, na Soludo design de new currency. wettin be de big deal?

i no get patience for religious bigots at all. una never even see de new currency, yet una don dey ready to fight. make una come up with points and arguments wey go enrich all of us - so far na crap una dey yarn.

Beaf, since you say na common sense, make you no misinform people. if you no sabi de tings wey dey inside constitution, den stop siting it where e no apply.  as far as we know, e no dey illegal or unconstitutional to put Arabic or Chinese characters on top naira.

so if dem put am, noting wey you fit do.  i no know why una dey so worked up sef, who cares wetting dem write on top naira.

if dem fit implement policies wey go make naira appreciate 100%, i go dey happy, regardless of whether na chinese of yoruba inscriptions dey on top naira.  dis fight wey una wan start, na petty fight

soulamanne:
if the idea is to change the paper ones to polymer,no wahala.but if somehow the arabic finds its way there,i will be disappointed in lamido.he will just put pressure on himself that he has religious inclinations.am a muslim so this is no issue of taking sides.the same way it was uncalled- for for soludo to have removed it is the same way it is uncalled-for for lamido to put it back.they shouldnt use our notes to write their personal ideas

abi na arab money lamido won effect?

people just dey talk wettin dem no know. Na Soludo and co, wey design and approve de new notes and na dem wey decide to se polymer. these people wey dey complain be religious bigots, shikena

Beaf:
^
Anything on the Naira must be in Nigeria's official languages; except the Naira is no longer legal tender.

But you guys, shouldn't dare put that Arabic back. ARABIC IS NOT AN OFFICIAL LANGUAGE.

Where inside constitution wey you take see say legal tender must have only english inscriptions? site de section, unless you dey too lazy to read de constitution wey you site for previous post. If dat na de case, den you are, wettin Yoruba dem dey call olodo.

Don't be silly and petty. constitution no require say make all inscription on top naira be written in English. if na lie, make you site the section of de constitution wey talk am.

i see colo mentality dey for inside de reaction of many of una here. English no me una papa or mama language, yet almost all de writings wey dey on top naira is written in English. yet dat no reduce de value of money!  de announced scheme na to save us money sef because de notes go last longer - but many of una no see dat fact.

na from de lens of religious bigotry una take dey look.  if no be tribalism, na religion una take make excuse to express una folly.  

de ting wey una dey too lazy to find out be say, Soludo don already approve de new design and de using of de strong material on the said notes since last year. Even de framework for de establishment of Islamic banks was approved by Soludo before him leave office.   una no fit say all these tings na some vast Islamic conspiracy unless Soludo be moslem.

Barka da Sallah to all of una anyway.

Today for Abuja:

Mallam go buy dollar: N155
Mallam go sell you dollar: N156.5

make i add small info to de one wey thithi talk for previous post:

i know people wey dey send money to US regularly, but de maximum amount wey you fit send per week without cumbersome paperwork na $10,000. de only ting wey you need na to open domiciliary account for bank.

if you wan send money, just carry dollars go ya bank pay small fee and dem go send de dollars to any account in the US. you go need de swift code and more importantly, de ABA number of de US bank.

You fit buy ya dollar from parallel market (black market) or from people wey get travel visa and $4000 allocation but wey no fit use all of their allocation. you sabi say people wey get travel allocation go give you rate wey close to cbn rate   

de money go enter the US account within 24 - 48 hours.  e never pass 48 hours ever, if na GTB, First Bank, or Union. i no know about others.

If you have lived in Nigeria, you'd know that banks don't behave reasonably.  They behave as if they are doing you a favor by doing business with you.

GBAM!!!  most banks and many other businesses for dat matter no sabi anything about customer service. if you no get connection (long leg) for bank,  na by luck you go experience great customer service. de exception na make you dress up with serious suit and tie, or impeccably clean kaftan with nice platinum chain - then, dem go begin greet you with yes sir, etc because dem go tink say you be multi millionaire.   if to say customer greet dat gateman with N2000, na so him for escort you go bank manager office sef for personalized service.  sad, but true.

JNdupu,

first of all, make i express my sincere appreciation for ya intellectual honesty, ya analysis na de kind wey i dey expect from concerned Nigerians and others. you, my friend, are one detribalized analyst.

i dey in agreement with just about every ting wey you write, in fact i don express de view many times say, sanusi exhibit some rascality in de way him handle de whole ting. i just hope say de long term effect of de actions go dey positive - i reserve my conclusions on that until sometime next year.

make i try look at some points wey you raise from the eyes of Sanusi and attempt to make sense of recent cbn actions.  na merely "academic" exercise, e no mean say i support de man tactics:

I would probably have sacked the CEOs, but only after due process and adequate respect for all legal processes.  The initial assumption should be that they commited civil offences (ie, incompetence) in the process of giving out the loans and it is a long burden-of-proof leap between that and criminality (ie, fraud).  What I'm saying is that this current spectacle with the EFCC was avoidable and unfortunate because it adds to the general perception of risk.

me sef no support the current efcc spectacle. i suspect say Sanusi and CBN believe say, given de evidence of apparent financial crimes wey dem collect from de banks, if dem no remove de bankers with immediate effect,  all de evidence go disappear before any future court date. you sabi say, de criminal elite for naija fit even burn down 10 storey buildings to hide their crimes.

if de evidence wey cbn uncover no dey overwhelming, why de judge go give the accused CEOs N1.8billion bail? dat money too much unless de bail fit de allegations.  Sanusi say na because of the Nigerian factor wey him move so quickly to remove de CEOs.  make we also remember say CBN and EFCC no be de same organization.

when loans are non-perfoming, the credit agrements stipulate processes of remedying the default and these do not usually include immediate handing over to EFCC mosquitos.  Again, have the CEOs initiated those processes and, if not, was it because of incompetence (maybe a civil offence) or fraud (criminality)? For instance, I have since read that the portion of the loans relating to margin loans to stockbrokers were already covered under a recent restructuring agreement indicating to me that the CEOs were actively working to mitigate the losses.

na true, some stockbrokers get restructuring agreements with de banks and Sanusi tell us 2 day ago say de banks go honour de agreements. As far as de other non-performing loans, remember say de banks been advertize for inside nigerian newspapers say dem need help from government to take recover trillions of naira worth of bad loans.  if bank take full page advertisement announce to de world say dem get bad loans like dat, I submit to you say, de banks don already damage themselves, because potential investors don already see say trouble dey.

as soon as cbn tell de banks say dem no fit use cbn loans wey dem been dey use for day to day operations again; these banks put full page Ad for paper say dem need help. I believe say, if Sanusi no take action to inject money inside de banks, dem for go belly up - den dem go blame cbn because cbn no help dem after dem tell de whole world about their loan problems.  for goodness sake, no be de epitome of incompetence be dat? you give loans worth trillions of naira, you no do every ting to collect, you come dey cry for newspaper say debtors no pay you back!

na after de advertisements Sanusi see say, him must step in immediately. many of de debtors no even try to restructure de loans, you sabi say these people are larger than live - who go go arrest dem na?  na only after efcc give dem 48 hours to pay up when CBN recover almost N70billion out of de blue.  unfortunately, na de kind "due process" wey necessary for naija atimes, be dat.

I do not question his motives (tribalism? gimme a break, jealousy? Soludo supports a different premiership team? - actually I made that last one up).

i suspect say sanusi dey support Man City while Soludo na Arsenal fan. you sabi say both sanusi and Man City share one trait - i. e. dem both be "new kids on the block", while Arsenal na

once again, i like ya analysis, nothing do you.   

Seun:
English would have been much easier to understand.
Pidgin is not an appropriate language for expressing technical concepts.

Ok, no vex. I go try rewrite am.

I will try to use 2 simplistic examples for illustration:

LETTER OF CREDIT(LC)

Letters of credit are primarily used in international trade. Lets assume that you import Motorcycles from the USA. If you need say $200,000 for one of your purchases or transactions, you could go to the parallel market (black market) and purchase dollars at the rate of N159/$, and then remit the funds to an overseas account, through your domiciliary account at a Nigerian bank. There is a $10,000/week wire transfer limit which most businessmen find cumbersome.  Alternatively,  you go to your bank and complete Form-M and other required documents and the bank will sell you the $200,000 and a rate very close to the prevailing CBN rate (N151.7). If you are well connected, the bank could even get you the funds through a loan facility (make sure that the loan does not become non-performing    ). Your bank will then issue a letter of credit to you in the amount of $200,000 which you would tender to your foreign bankers.  Your foreign bankers will then pay your seller, the said amount and your Nigerian bank will reimburse them (your foreign bank) promptly. 

The letter of credit is irrevocable, hence the issuing bank must pay up.


BANK COMFORT LETTER

In this illustration, Putin Incorporated LLC has a refinery in Russia and they are offering to sell 1000MT/month of diesel to willing buyers.  Now, a Nigerian Diesel importer may show an interest  to enter into a contract with Putin LLC for the purchase of the offered diesel for the duration of, say, 12 months. Putin could require you, the Nigerian importer,  to provide a bank comfort letter before they enter into an agreement with you. The comfort letter issued by your bank is used to offer "comfort" to Putin LLC  as to the your  ability or willingness to perform your obligations. Note that the comfort letter is not a payment mechanism, per se, like the letter of credit.


Just my 2 kobo

sunmatajai:
Help me pls Nairalander.

Is there any Difference Between LETTER OF CREDIT(LC) and BANK COMFORT LETTER? There's an ongoing debate on this subject. I need your help. I will appreciate a quick response soonest.

Thanks.

ogidiolu

i go try use example to take explain de 2 financial instruments:

LETTER OF CREDIT(LC)

letter of credit na for primarily for international trade. make we assume say you dey live for USA and you dey import motorcycles. if you need $200,000 for ya transaction, you fit go black market go buy dollar at N159, den you go use domiciliary account take transfer ya money $10,000 max per week. dat option no dey too business friendly. So you go go ya bank, complete Form-M and other documentation, den ya bank go get you de dollar for prevailing rate like N151.7. if you get long leg, ya bank fit gi you loan in de same amount sef ( make sure say de loan no end up as non performing loan o; you sabi say na de ting wey put big men for jail be dat). after dat, your bank go give you letter of credit. You go need to get bank account for de country wey you wan buy generator to make this work.

to cut tory short, you go carry ya letter of credit go ya foreign bank, and based on dat, your bank go pay the seller of de generators. de naija bank go reimburse ya foreign bank for de country where you dey buy de generator. one ting be say, letter of credit dey irrevokable. if you no know wettin I mean, google am.

BANK COMFORT LETTER

comfort letter too, na for primarily international business. make i use illustration here again:

putin incorporated LLC get refinery for Russia and dem dey offer to sell 1000MT/month of diesel for 12 months. you wey get oil importation business for naija, wan buy de oil, but before putin incorporated enter inside contract with you, dem tell you make you go bring bank letter of comfort. de letter go assure de seller say, bank don verify say you get de financial capacity to enter inside de agreement. sometimes sef, buyer fit require bank comfort letter from seller. all na to make sure say no be 419 una dey do. all parties go come pay each other as needed using either letter of credit or other financial instrument

na my 2 kwabo be dat, make we see wettin others go contribute

We do not intend to force any investor on these banks. However, the CBN will not allow the banks to go back to the same one-man structure that led them to where they are. We will look for appropriate core investors, local or foreign that will bring the governance, the system and skills that will preserve the long-term value of shareholders by building an institution.

from de ting wey sanusi talk here, e be like say,  na bankruptcy wey those 5 banks dey head, and na de N420billion dey keep dem afloat at de moment. so de banks must raise more money to take meet de capitalization requirements of CBN, otherwise dem no go fit exist as banks again. up till now, nobody don dispute this fact, otherwise, court for don stop Sanusi from de apparent rascality wey him dey show.   

as for de one-man structure comment, I believe say dat one na cheap shot wey sanusi aim at Oceanic bank and the Ibrus. una sabi say na Ibru group wey build dat bank from scratch so dem be super majority shareholder. sanusi dey imply say, na because of dat kind ownership wey lead to de bad loan decisions wey result to current crisis. sanusi dey imply say when one family (one man) get dat kind control of any bank, opportunity for abuses and finacial crimes dey.

CBN and Sanusi evidently give efcc incriminating evidence of financial crime by many of de debtors including stokebrokers wey follow borrow money - na de reason wey dem arrest some of dem be dat.

we full for ground, dey look. time will tell whether all de so-called reforms by CBN go get long term benefit and whether de accused people dey guilty of any crime.

If you presume them not guilty now, why do you say they "stole", instead of allegedly stole. You underestimate the importance of regarding people as innocent until proven guilty

dat one na semantics. I put stole for parenthesis, you too dey picky


you no wan address issues without talking about criminality of these people ko?  if you no fit admit say the said bank officials dropped de ball, dem I don finish with you, for now. but i dey watch you closely.

Deep Sight:
They dropped the ball alright. But so did Sanusi - As MD of First Bank he gave non performing loans totalling N70 Billion. But that's being hushed up.

Clearly, to be fair, he should be held by the EFCC as well.

deep sight, na gwode, at least one person here don admit say these CEOs dropped de ball. ma grouse with naijaking1 be say, him no gree make de honest admission wey you make.

as far as i dey concerned, make dem probe sanusi as well, if dem find am guilty of any crime, make him sef go jail. shikena. Deep Sight, you know say de 5 banks no dispute the talk say, na CBN loan dem dey take handle their banking day to day funding?  i wonder whether dem for go bankrupt without de money wey CBN give them. as for whether CBN get authority to gi  dem money, courtgo decide soon enough.

naijaking1, i don tell you, time and again, say de issue of whether sanusi, or de bankers break law dey yet unresolved  by any court. therefore, i presume say de CEOs and sanusi no dey guilty of any crime yet! if any court find say dem dey guilty, i hope say you go dey OK with make dem rot for jail. i suspect say judge way set bail for N1.8billion don see small evidence of guilt, again time will tell.

leaving de issue of criminality aside, make i ask you some questions:

[list]
[li]nigerian banks supposed to dey concerned with Due Diligence as dem give out loans?[/li]
[li]you tink say these 5 banks supposed to take collateral for de loans?[/li]
[li]shey conflicts of interest (cronysim) now be de modus operandi of the banks for naija (remember say cecilia maid sef get N14billion loan)[/li]
[li]e good make banking loans be repaid or payment regime honored?[/li]
[/list]

as you answer de questions, make you try use ya judgement, to see whether those 5 banks and their fired CEOs and other executive served shareholders well.  if you fit admit, for once, say those CEOs, at de very least, drop de ball ( criminal activities aside), i go know say you dey honest in ya analysis.

JNdupu,

first of all I gi you credit for ya writing skills and your write-up encourage me to respond because i tink say you write with honesty unlike many here. nobody fit accuse you of tribalism or some sort of bias at all at all.

as i see for de site wey you post, e be like say de EIU get better intelligence as na failing grade dem give us in almost every category. e no dey possible make the grades get worse in my judgement, but time will tell. you see, na well known secret say those 5 banks dey for trouble and dat secret don dey for ground since last year.

some of de obvious signs of trouble with these banks be say, all of dem no get money to take process depositors' request for depositors' own money. because of dat, Soludo give dem opportunity to continuously borrow money from CBN so dat dem go straighten up their mess without going bankrupt. EIU and de rest of de banking industry for naija know say na de ting wey dey happen be dat, so i no surprise say na bad grades we get.

additionally, another open secret be say, those banks been dey cook their books to hide their illiquidity. last year my friend deposit N10million for Union bank, na bank draft o. when him go check him balance after 4 days, dem tell am say because of computer trouble, e go reach 3 more days before de deposit go post. it turned out say CBN no loan dem enough money during dat period. other banks including Oceanic use de same lie as cover up.

now, Soludo give these banks the opportunity wey dem need to get their finances in order through the said loan, e don pass 1 year since de banks dey do business with CBN loans, don't you think its about damn time to put an end to it? Sanusi and cbn stop dem from receiving loans from CBN because dat no be de way to run any bank. de result be say, all five banks for go bankrupt, period. dem no get funding to operate.

i no blame Sanusi say him give dem N420billion to prevent de impending bankruptcy. as of today, no court rule say Sanusi actions dey illegal. i tink time go reveal de real impact of the irresponsibility of the banks' CEOs.

una dey here dey blame CBN for preventing bankruptcy and pumping N420billion inside the banks. una forget say those CEOs don lose or (steal) over N1.6trillion.

my question for you be say, na for how long sanusi for let dem to continue to operate their banks with loans and without the capitalization wey CBN required? dem do am already for 1 year, e for better if Sanusi give dem another year or 2? how you for take handle de situation if you be Sanusi? i dey wait for ya answer. i no like to dey write long text, you sabi say na oyinbo spell checker dem get for here, de ting no understand pidgin, so forgive me in advance.

Dis Guy:
Hey people calm down she went there with the Minister of Health, the DG of atomic blah blah of Nigeria and about 14 other professionals, I think she or her team should be commended for being able to have a press release about her charitable work, the health ministry obviously couldn't be bothered

She is doing what NGO do asking for 'technical assistance' (money) and capacity building

I have a feeling in the next few months there'll be a capacity building workshop in Abuja with many people from this
conference  

Dis Guy, na gwode! when people like you wey get good sense still dey, den i go conclude say hope still dey for us. na de ting wey you write i don dey try tell people since, but frustration with unrelated issues don becloud their judgement. reasonable person wey no fit deduce say na funding for her NGO she go look for need to reexamine themselves. tank you for ya comment there.

[quote author=must_a_far link=topic=323981.msg4550608#msg4550608 date=1253045798]i answered your kweshun.

the current government is legitimate. and yes i get nigerian passport but im from ghana, oh no liberia[/quote]i been know say my question dey easy to answer. nothing do you, you don make me laugh sef.