₦airaland Forum

dipoolowoo:
HY 2017: Transcorp Hotels Profit Drops by N1.1b, Declares no Interim Dividend
www.businesspost.ng/2017/07/20/hy-2017-transcorp-hotels-profit-drops-n1-1b-declares-no-interim-dividend/

feelamong:
http://punchng.com/breaking-tsa-court-orders-seizure-of-793-2m-hidden-in-banks/

Justice Chuka Obiozor ordered the seven banks to remit the various amounts being allegedly kept illegally in their custody to the designated Federal Government’s Asset Recovery dollars account domiciled with the Central Bank of Nigeria.

The concerned banks are United Bank for Africa; Diamond Bank Plc; Skye Bank Plc; First Bank Limited; Fidelity Bank Plc; Keystone Bank Limited; and Sterling Bank Plc.

According to court papers filed by counsel for the Attorney General of the Federation, Prof. Yemi Akinseye-George (SAN), a total of $367.4m was illegally hidden by three government agencies in UBA, while a sum of $41m was illegally kept in a NAPIMS fixed deposit account with Skye Bank.

The court papers stated that $277.9m was hidden in Diamond Bank; $18.9m in First Bank; $24.5m in Fidelity Bank; $17m in Keystone Bank; and $46.5m in Sterling Bank.

DeRuggedProf:
Do we have a 'certified Hacker' on this forum?
I think it is time for the person to get busy...
No more delay of results.....

DeRuggedProf:
At times, I feel bad that the market is never ALLOWED to be free in many little ways in a MANIPULATIVE WAY.
Someone wants to OFFLOAD about 17M units of a stock THAT became 'accessible' on bad news and you DELIBERATELY held him back saying you are having technical issues placing orders when IT IS NOT TRUE.
That volume would have satisfied much orders.
God is watching.

dipoolowoo:
UBA Cancels Staff Share Investment Trust Scheme
www.businesspost.ng/2017/07/18/uba-cancels-staff-share-investment-trust-scheme/

Princkez:
Brodas pls were can i get dis book...MARKET PANIC

Businessideas:
You see you are confusing the professional angle with the notoriety of this new media like Kemi too.
It's not an assumption,she is professionally competent and licensed to provide healthcare and public education on this issue sir.
The intention and the arrogance she's shown up till now as contemptuous as it is still doesn't diminish her professional responsibility.
I know a family that their daughter has a similar problem and it was an experienced pharmacist who first detected this ailment and referred the child to a specialist on the Island.
The father of the child is clearly not handling this case well,if he his child is receiving care,he should just say it and share his experience if he is willing to do so at least to encourage other parents in similar situations.
I think both parties are too arrogant for my liking

Businessideas:
Apparently you hate her so much that you almost sounded as if in cases like this,her professional training as a pharmacist is less than that of a doctor(I assume you mean a medical doctor). You are so wrong kemi-hater. Kemi as a pharmacist can make a referral to,not even a GP but a specialist in that area and any area in the field of healthcare and write a cover letter with her signature.
She's not only professionally qualified to refer,she is equally clinically experienced to query the therapeutic plan after referral and may God save you or your family from a medical error that escape the attention and detection of a pharmacist

Zirah:
Pls shut up. Your hatred for kemi has flawed your senses. Didn't you read the article? Seyi Law effing started it, rejoicing over her imprisonment like a contented bully. What do you say about that?

Coolcash1:
Guy you don't need all this ranting on Oando...Oando is not a stock you can invest for long term. It's purely a short term stock. Anyone that doesn't want to suffer heart attack should forget buying the stock for keep. Just ensure you enter at a good price and exit after making your margin..It remains the most volatile but quick money-making stock in the market.

Tritri:







EXPECT Q2 result with another loss in Billions

stcool:
The NSE can not claim ignorance, I remember vividly during the days of stockmarket Nigeria website, where most guys I respect so much in investing where raising the red flag countless number of times about Oando (At a point I was arguing wrongly). They saw it long coming and they pulled out all their investmets in Oando and never went back.

Wale is a killer, he killed Oando. Forget about the ConocoPhillips deal. God exposed him. They never had the interest of minority shareholders at heart going into that deal. If Oil price had stayed up, they would have diverted so much including divesting most holdings to their cronies.

Have you tried going through Oando financials: Oando bahamas, Oando this & that, so many sub companies under one company you begin to wonder. Go and check the shareholding structure of Oando Energy Resources, the same way they are diluting Oando plc Nigeria, is the same way they are diluting shares in Oando Energy resources.

At the end, the real Oando shareholders own nothing in all this deal. But they are quick to raise capital from minority shareholders. God will punish Wale & Co.

stcool:
They should not try it!

MrTease:
Be careful what you pray for. I reported this earlier that the shareholder's funds might be wiped out if they lose two court cases. I will proceed to put figures to this assertion.

"The Company is currently in litigation with one of its former suppliers of Automotive Gas Oil (AGO). The
commercial dispute, which arose in 2008 has been through the High Court and Court of Appeal, and is currently
at the Supreme Court. The amount being claimed by the supplier as breach of contract is $43,262,497 (N13.5
billion). Whereas the judgments of the lower courts have been in favor of the supplier, the Directors, on the
advice of the external solicitors, are of the opinion that the judgment of the lower court will be upturned by the
Supreme Court.
There are also a number of other legal suits outstanding against the Company estimated at N4.5 billion. On the
advice of the Solicitors, the Board of Directors is also of the opinion that no material losses are expected to arise
therefrom. However, a provision of N2.3billion has been made in these financial statements to mitigate any
possible future loss.
The Company is also in litigation with Nimex Petrochemical Nigeria Limited, one of its former suppliers of
products. In 2007, Nimex sued the company for US$3,316,702.71 and US$127,060.62 being demurrage and
interest incurred for various supplies of petroleum products. The Federal High Court gave judgment in favour
of Nimex in the sum of US$13,756,728 which included the amount claimed and interest at 21% till judgment was
delivered and also granted a stay of execution with a condition that the judgment sum be paid into the court.
The court also granted a garnishee order against First Bank Plc to pay Conoil’s money with the bank into the
court. Conoil has appealed against the judgment to the Court of Appeal in Abuja. The appeal is pending and the
Directors, on the advice of the external solicitors, are of the opinion that the judgement of the Federal High
Court will be upturned. The current value of the judgment sum is N4.3billion. However, a provision of N675m
has been made in these financial statements to mitigate any possible future loss"


Vitol Judgement against Conoil $43,262,497 (N13.5billion)
Nimex Judgement against conoil $13,756,728(N4.3bilioin)
Sum of both Judgements (N17.8Billion)
Shareholders Funds @ 1st Qtr 2017 (N18Billion)

If the supreme courts confirms both judgments shareholder's funds drops to N200m which is as good as Zero. Please note that the previous provisions for these contigent liabilities have been grossly inadequate.

You focus on the cash on their books N50billion (1st Qtr 2017) while ingnoring the liabilities N59billion (1st Qtr 2017) and contingent liabilities almost N18billion.

MadCow1:
The Southwest is actually a politically savvy Hoe.

I respect their game. No permanent allies. If their interested is understood and protected, they go in and deliver.

Smart Game but the downside to this is that the Southwest has no loyalty.

APCsupporter:
go and check again. the southwest voted massively for acn and the North was also not united as gej won in the NC.

APCsupporter:
Bulhari competed with Shekarau, nuhu ribadu and others and gej was not really known to be a pig as at that time

MrHowto:
If not for God Buhari will not be president not Yoruba. I can say also if not for Buhari Osinbanjo will not become an acting President even when Buhari is on medical trip.

The entire Yoruba vote can be equated to Kano vote and some small addition. 45% of them still voted for GEJ. The records are there.

deomelo:
1. PDP/Jona sold our power assets to their friend's and cronies with little or no knowledge regarding electricity from generation to distribution.


2. The cronies they sold the power assets to also didn't have funds to improve and grow their operations with which today happens to be one of their major problems, no liquidity that is.


3. You said the DISCO are corrupt thieves, but Jona and his gangs sold our power assets to them and their crooked conies anyways.


4. Ok, the DISCOS and GENCOS must expand their operations for smooth and effective services, build MW capacity and delivery, but they don't have funds and banks won't loan them 1 kobo.

5. On top of the reduction in tariff, where or how do you suggest they get money from?


6. So, the DISCOs and GENCOs don't have funds and you don't want to give them funds in form of tariffs, where do you go from here and please explain to us the solutions and way forward.

You people sound really really confused and you have zero clue per what you are defending or supporting.

7Alexander:
All of you saying that Kemi shouldn't have involved the baby, well that's your opinion.

Did you guys ever spare a thought for Kemi and how she must have felt when Seyi kept 'kicking' her while she was already down? Imagine the pains of been gloated at while at your worst.


In war, you pick your best weapon and employ your best strategy, while your opponent does same. There are no rules. The idea is to hit them where it hurts, decimate them, if possible eliminate them. This is what Kemi has done.

Unfortunately, Seyi's daughter is what we call 'Collateral Damage'.

SBG04:
Sir the incremental tariff plan and incremental electricity was part of the power master plan that was drafted at the onset of the Privitization of the power sector. The NERC agreed to incremental power and incremental tarrifs. If at this point you agree with all the gibberish Amadi posted on the front page of this thread then I honestly give up. Nigeria may never be rescued when people continue to think the way a lot of you people think. Praising your enemies for striking you repeatedly and stealing from you. And castigating your true friends for fighting for you. Tufia!