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Nairaland Forum / Nairaland / General / Business / Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis (33164 Views)
Otudeko Vs. Otedola: First Bank Shareholders Lose ₦80.76bn, Shares Crumble / Ecobank Writes Firstbank Over Otudeko / Otudeko Buys ₦87.8bn Shares To Become Largest First Bank Shareholder With 14% (2) (3) (4)
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Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by warrenweste(m): 3:31pm On Apr 30, 2021 |
djon78: 75Billion? I tot it's 5billion |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by djon78(m): 3:33pm On Apr 30, 2021 |
1 Like |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Agbegbaorogboye: 3:33pm On Apr 30, 2021 |
thebosstrevor1 hope you're reading and getting cured of your tomfoolery 5 Likes |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by adebayo111: 3:35pm On Apr 30, 2021 |
tnerro1:NOVICE |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Nobody: 3:37pm On Apr 30, 2021 |
Agbegbaorogboye:thebosstrevor1 guy is a joker. 1 Like |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by airsaylongcome: 3:37pm On Apr 30, 2021 |
CSTRR: Owing bank debts? I hope you know that Oba Otudeko is a different entity from Honeywell Flour. Honeywell (and not Otudeko) owes First Bank |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by BigBashiru: 3:37pm On Apr 30, 2021 |
RuudVanNisteroy: Why is it taking you so long to reduce number of N1000 note in circulation to reduce inflation. This is further proof that banking is a cartel..... it's about profiteering first.... |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by TrueNigerian300: 3:42pm On Apr 30, 2021 |
It is disheartening to read some comments up there some are even blaming the CBN. The criminal called Otudeko that should be preparing for his grave has not desisted from his dubious way. The only blame I can see with Emiefele here is calling the old fool why begging him in the first place? They can't pretend not to know the rule of reporting to the CBN as regards the change of MD. He has shown that he is above the law and does not even have any respect for the office of the governor of the CBN. What a very greedy old fool living as if he will not die again. Haha, but how can people be this greedy with everything at his age what else does he want? If we are in a sane clime this guy should be in jail for all his dubious acts over the years. 3 Likes |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by oluwaahmed: 3:43pm On Apr 30, 2021 |
Throwback: Its because he is from one of the privileged tribe thats why he is not even or jail or AMCON taking over his honeywell company. Did the likes of Ibeto, do half of what this man has done b4 they were hounded by FG. Can INNOSON, COSCHARIS do this and get away with it? Truth is bitter but must be told. He took loans worth 48bn without collateral and invested it in Honeywell simply because hes a major shareholder, Is that not fraud? did savannah Bank do half before their licence were cancelled? Anytime ur people find themselves in financial positions of authority they do not fail to steal, and defraud the system, WHY? 3 Likes |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Nobody: 3:43pm On Apr 30, 2021 |
airsaylongcome:And that is part of the reason why CBN removed the previous board for not completing the lien on shares or pefecting collaterals on Oba Otudeko assets. If First Bank went into distress, they won't have able to collect a penny from him because under the law Oba Otudeko is a different entity from Honeywell Flour and Airtel, where he holds majority shares and likely has share holdings under different business entity names. 1 Like |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by oluwaahmed: 3:45pm On Apr 30, 2021 |
TrueNigerian300: The foolish old oba even removed the MD because she said he must start paying back his loan of 48bn naira he got without collateral due to his position. 3 Likes |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by sonofElElyon: 3:46pm On Apr 30, 2021 |
Roddwave: But what eventually became of "the proud one" 1 Like |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Nobody: 3:48pm On Apr 30, 2021 |
oluwaahmed:Techcabal says the loan is N75 billion. He owns 75% of the shares in Honeywell Flour.
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Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by seguno2: 3:49pm On Apr 30, 2021 |
festacman: Please why should it not lead to its fall? The misadventure is not harmful enough to others |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by airsaylongcome: 3:50pm On Apr 30, 2021 |
RuudVanNisteroy: Oh sure I understand all of that. The person I quoted didn't seem to know that those debts are not against Otudeko. So his assertion that Otudeko with a net worth of $550m but owing banks up and down was incorrect 2 Likes |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by seguno2: 3:50pm On Apr 30, 2021 |
Roddwave: So that you can get the same punishment that the over pampered idiota got 1 Like |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Kzinne: 3:50pm On Apr 30, 2021 |
Chioma1989:otudeko controls 10 percent of the bank. So you have to use the carrot and stick approach 4 Likes |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Yankee101: 3:51pm On Apr 30, 2021 |
Very good, una don talk the true target at last Otudeko Insider loan abuse |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by juman(m): 3:56pm On Apr 30, 2021 |
I dint know Otudeko still alive. |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by tnerro1(m): 3:58pm On Apr 30, 2021 |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by tnerro1(m): 3:59pm On Apr 30, 2021 |
adebayo111: Ok wait till they take each other to court |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by omohayek: 4:02pm On Apr 30, 2021 |
Disregarding the merits of any case to be made against First Bank's shareholders and management, why on earth is Emefiele getting personally involved in such a matter in the first place? I have never before heard of the governor of a nation's central bank personally intervening in the appointments at a private financial institution, as usually there are dedicated financial regulators responsible for any such actions. Only under the aegis of an incompetent clown like Emefiele does one see someone who ought to be concerning himself primarily with interest-rates, foreign reserves and the growth rate of the money-supply leaving such matters aside to busy himself with banning the importation of matchsticks and the appointments of directors at individual institutions. Emefiele has no understanding of his role, let alone the slightest capacity to execute it properly, and the disastrous economic performance of the last 6 years owes as much to his wreckless incompetence as it does to Buhari's bullheaded ignorance. |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by RillJ(m): 4:06pm On Apr 30, 2021 |
1 Like |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Roddwave: 4:08pm On Apr 30, 2021 |
Myself2:I don't mean to say that i will be arrogant But at least e get some people wey get high position for government wey dey troublesome |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Nobody: 4:08pm On Apr 30, 2021 |
lexy2014: But its not his company: He owns 10%, Adenuga owns 6%, and Hassan-Odukale (the new chairman of the bank) owns 10%. He just managed to fill the Board with his loyalists, and was trying to ride rough-shod over other major shareholders, and still abuse his borrowing privileges. 2 Likes |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Roddwave: 4:09pm On Apr 30, 2021 |
sonofElElyon:I don't mean to say i go be proud or do like him But at least make i dey reject troublesome Ministers and Governors |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Nobody: 4:09pm On Apr 30, 2021 |
festacman: He cannot browbeat the CBN. 3 Likes |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Roddwave: 4:10pm On Apr 30, 2021 |
seguno2:I dont mean to say i go dey proud but at least Those foolish top government ofiice holders deserves not to be answered |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by lexy2014: 4:11pm On Apr 30, 2021 |
Bagehot: Who owns HoneyWell? |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by BuddhaPalm(m): 4:12pm On Apr 30, 2021 |
Roddwave: To what end. Now he will regret it big time. You can't fight the government... |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by Nobody: 4:13pm On Apr 30, 2021 |
omohayek: You do realize that the CBN has the powers to confirm or deny appointments to the Boards of Banks right? Besides, there is plenty of precedence for this from Sanusi's time, and even from western countries. 3 Likes 1 Share |
Re: Emefiele: Oba Otudeko Rebuffed My Pleas On First Bank Crisis by lexy2014: 4:14pm On Apr 30, 2021 |
RuudVanNisteroy: CBN can't say that it is only firstbank that does d above with it's board of directors 1 Like |
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