Otondo55's Posts
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 Business › Re: Jonathan Shuns Talks On Islamic Banking! by otondo55: 1:17pm On Jul 07, 2011 |
A report last June by the New York-based Wall Street Journal warned that “Islamic banking has not necessarily produced great returns. Regulators must do a thorough job before approving any application for Islamic banking.” Quoting Junaid Bhatti, part of the team that set up Islamic Bank of Britain (IBB), the report said “the first Sharia-compliant bank approved by the Financial Services Authority has been a big disappointment. Sharia-compliant banking products have been a flop in Britain.” http://saharareporters.com/article/islamic-banking-campaign-cbn-governor-or-kano-prince Those who are well-informed on the matter would agree that there is no market for Islamic Banking in Nigeria yet or anywhere in Africa and this is the truth. The current gimmick is merely political. The banking system is too sophisticated and given the human mindset, very difficult to practice. It’s like communism, very nice ideas, but a failure in practice. Only in countries in which Islamic Banking is heavily subsidised by the state, has it been practicable. Jonathan may shun talks but his economy is down the drain, a dollar is N164 and he is busy chasing rat with sanusi while his house on fire. |
| Business › Re: Ngozi: Islamic Banking Is Ok by otondo55: 1:05pm On Jul 07, 2011 |
A report last June by the New York-based Wall Street Journal warned that “Islamic banking has not necessarily produced great returns. Regulators must do a thorough job before approving any application for Islamic banking.” Quoting Junaid Bhatti, part of the team that set up Islamic Bank of Britain (IBB), the report said[b] “the first Sharia-compliant bank approved by the Financial Services Authority has been a big disappointment[/b]. Sharia-compliant banking products have been a flop in Britain.” http://saharareporters.com/article/islamic-banking-campaign-cbn-governor-or-kano-prince |
| Business › Re: Explaining Islamic banking & Finance by otondo55: 8:33pm On Jul 06, 2011 |
Never! we are not enough enlightened to have it. This is a secular nation, it can Never work, NEVER ! |
| Business › Re: Stanbic IBTC Gets Licence For Islamic Banking Operations In Nigeria by otondo55: 2:26am On Jul 06, 2011 |
Kill this economy once and for all with religion. It will never work here ! We cant fold our hands and see you starve to death. Stanbic IBTC beware of what you are to start, because boko may be understatement |
| Politics › Re: Let Boko Haram Have Their Own Country, Says Omoruyi by otondo55: 2:12am On Jul 06, 2011 |
Prof, May you live longer than Mentu, He who has ear, let him hear ! Let them go and practice what they believe in, Let us be, Division is the solution |
| Business › Re: No Going Back On Islamic Banking - Sanusi by otondo55: 2:26pm On Jul 04, 2011 |
Sanusi it will NEVER work in Naija ! Better get it into your skull, NEVER ! It can only work in your islamic northern state when we soon divide. |
| Politics › Re: I’ll Redeem My Pledge Of Car Gifts To Traditional Rulers – Governor Orji Of Abia by otondo55: 8:06am On Jul 02, 2011 |
This man of a Governor is brainless, blind and a slow maggot. The traditional rules are shameless |
| Christianity Etc › Re: Cardinal Okogie Says No To Islamic Banking by otondo55: 7:16am On Jul 02, 2011 |
Well said Cardinal. Nigeria is too volatile for such a bank. It cant work in this society of ours, where religious crisis is always pron. |
| Sports › Re: Fifa Slams Nigeria's Uche For Homophobia by otondo55: 7:31pm On Jun 30, 2011 |
Fifa is wrong on this, the truth must be said, undiluted ! |
| Politics › Re: Just Been Posted To Borno (boko Haram) State &my Parents Insist I Boycott Service. by otondo55: 7:06pm On Jun 30, 2011 |
How can NYSC still post people to this zone ? This is inhuman ! You dont need any advice on this, because your life is above all. |
| Travel › Re: Assumed Legalized Bribery By The Nigerian Immigration At Mm Airport by otondo55: 2:48am On Jun 30, 2011 |
This Nigeria immigration at MM Airport are too silly and corrupt to the highest order. imagine, collecting my friends BB in place of $200 they are demanding. they also collected $200 from me. we are the only one, almost all my friends were victim of this bribe takers. One was dumped in one of their room, as a delay tactics to miss his flight after giving them $300. This is on daily basis, what kind of nation is this? |
| Politics › Re: New Lawmakers To Receive One Billion Naira For Accommodation by otondo55: 11:10pm On Jun 28, 2011 |
Yeye dey Smell ! Heart broken, God ! |
| Business › Re: Putting Sanusi's Islamic Banking In Perspective by otondo55: 11:05pm On Jun 28, 2011 |
No matter how you put it, it will never work in this nation, NEVER ! Sanusi should find something serious to do |
| Politics › Re: Full Ministerial List Out! Twelve Women Make List by otondo55: 10:48pm On Jun 28, 2011 |
Yeye dey smell ! Polluted air ! |
| Politics › Re: Igboman Invested In Islamic Banking by otondo55: 10:06pm On Jun 27, 2011 |
Say No To Islamic banking ! That one out of 50million Igbos is of your idea, cannot sale your barbaric bank. Never shall my people be deceived ! If GEJ like, he should stop this now. if he doesnt, better for him but time shall tell |
| Politics › Re: Inspector General Of Police Ringim Lied To Nigerians. Gej Queries Ringim by otondo55: 2:48am On Jun 24, 2011 |
Nigerian Police needs a serious reform, With what i have seen around the world, ours is a child play.
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| Education › Re: Okorocha Orders Refund Of School Fees by otondo55: 10:34pm On Jun 21, 2011 |
No think am for Anambra ! Well done Bro ! |
| Politics › Re: Gen Buhari Deserve A Post In Jonathan's Govt by otondo55: 10:40am On Jun 20, 2011 |
He doesnt worth it, he lost the respect. Killing of the Corper by his supporters and he cant urge them to stop the barbaric act. Forcing the under aged to vote, all in quest for power. He will never go scout free ! |
| Politics › Re: Bomb Blast At Police Force Headquarters In Abuja? by otondo55: 10:46pm On Jun 17, 2011 |
The twelve northern states want to secede from Nigeria. Members of MASSOB don't want to be part of the false union of convenience. Odua Nation are clamoring for their nation. Various groups in the south-south want out. The right of a people to self-determination should be respected. Let's stop this avoidable bloodshed by convening a national conference, where we can decide how to live side by side as independent nations. |
| Politics › Re: Gej Visits Bomb Site by otondo55: 10:39pm On Jun 17, 2011 |
The twelve northern states want to secede from Nigeria. Members of MASSOB don't want to be part of the false union of convenience. Various groups in the south-south want out. The right of a people to self-determination should be respected. Let's stop this avoidable bloodshed by convening a national conference where we can decide how to live side by side as independent nations. |
| Politics › Re: Gej Visits Bomb Site by otondo55: 10:37pm On Jun 17, 2011 |
The twelve northern states want to secede from Nigeria. Members of MASSOB don't want to be part of the false union of convenience. Various groups in the south-south want out. The right of a people to self-determination should be respected ! Let's stop this avoidable bloodshed by convening a national conference where we can decide how to live side by side as[b] independent nations.[/b] |
| Business › Re: Anglican Bishops Kick Against Proposed Islamic Bank by otondo55: 6:40am On Jun 15, 2011 |
Say No To Islamic Banking ! Say No To Boko Haram Funding ! Say No To Feeding the Almajris from Nations purse ! Say No To Sharia Law ! Say No To Threat of the nation unite ! |
| Career › Re: Tayo Aderinokun, GTBank CEO, Passes On by otondo55: 3:56am On Jun 15, 2011 |
Rest In Peace ! |
| Sports › Re: Pictures From Kanu Testimonial Match by otondo55: 3:03pm On Jun 13, 2011 |
Please any video link. thank you |
| Sports › Re: Gov. Fashola Captained Super Eagles All Stars For Kanu's Testimonial Match(pics) by otondo55: 2:50pm On Jun 13, 2011 |
Pls can someone send the video link. thanks ! Uncle Fash ! nice one. |
| Politics › Re: Is the South-East Still Paying For Civil War? Balarabe Musa thinks so by otondo55: 2:17am On Jun 11, 2011 |
Musa, we are not in the 70's, This is old truth, nevermind ! North have been in power for 40yrs of nothing to show. Your people are in poverty, backwardness and blind after 40yrs. Igbos are doing pretty well, considering the war. come 2015, IGBO PRESIDENCY ! |
| Politics › Re: Police Destroy Six Illegal Refineries In Abia by otondo55: 6:45pm On Jun 09, 2011 |
I pity this nation, instead of to nuture this great idea by good men/women of goodwill all you see is theivies in black, taking laws into their hands, no warrant, nothing ! Nigeria Grow UP !!! |
| Sports › Re: Top Football Players To Honour Kanu Nwankwo by otondo55: 7:07pm On Jun 08, 2011 |
Papi ! May God bless you beyoud measures for your contributions both in football and life saving programme. May he keep, favour and love you the more ! |
| Politics › Re: Tata, Dangote, Essar Among Bidders For The Sale Of Nigeria Power Companies by otondo55: 12:32am On Jun 08, 2011 |
NO TO DANGOTE HELL TO INDIANS MUCH FARE BIDDERS PLEASE !!!!!! |
| Politics › Re: Why I Visited Bankole - Police IGP (Ringim) by otondo55: 10:36pm On Jun 06, 2011 |
IGP of a nation ! This is too cheap for a lie ! GEJ, take note ! this guy is not fit for this job. Considing the insecurity in the land. Source home and abroad for competent hands on this police matter. |
