RuudVanNisteroy:


https://pmexpressng.com/how-oba-otudeko-rebuffed-my-pleas-on-first-bank-crisis-emefiele-cbn-governor/

CSTRR:
One man is worth $550 millions and still owing bank debt.

In the poorest population on Earth.

CSTRR:
One man is worth $550 millions and still owing bank debt.

In the poorest population on Earth.

Roddwave:
o boy see levels
So even cbn governor's calls gets rejected
Na waoo
God elevate me make me dey reject Minister's call

Blacknote:
All this one na long grammar and epistle, my own na make nothing do my 3k wey dey there, na wetin I go use hold my side this coming week.

Roddwave:
o boy see levels
So even cbn governor's calls gets rejected
Na waoo
God elevate me make me dey reject Minister's call

RillJ:
Amaechi does not like money.

omohayek:

Really? Where's your evidence for the claim? Can you provide any links to resources showing that the CBN has such rights? Can you go further and show where central bank governors in countries with good track records on inflation have personally muddied their hands with such matters? Anyone can make claims like yours without the slightest evidence to back them up.


Given the existence of the auditors you mention, why did Emefiele then have to personally get involved in this issue? Can he see nothing better to do with his time, even as the great mass of Nigerians are suffering under the inflation he's allowed to run riot? That's what I'm getting at when I say the man is clueless about setting priorities.

airsaylongcome:


Owing bank debts? I hope you know that Oba Otudeko is a different entity from Honeywell Flour. Honeywell (and not Otudeko) owes First Bank

Roddwave:
o boy see levels
So even cbn governor's calls gets rejected
Na waoo
God elevate me make me dey reject Minister's call

afroxyz:


Otudeko owes first bank not Honeywell

membranus:


Oga that one na legalistic turenchi.

Otudeko is Honeywell, Honeywell is Otudeko.

Whatever happens to Honeywell happens to Otudeko who is the major shareholder.

BOSSFX:

buuaaaaaah
Guy, u be clown o.
Nairaland never disappoints sha. If you no wan laugh, sbd go still bring ur teeth out sha.
Ontop matter wey dey ground, naa ur 3k grip u pass.

RuudVanNisteroy:

Techcabal says the loan is N75 billion. He owns 75% of the shares in Honeywell Flour.

oluwaahmed:


Baba it was initially 75billion bad debt. But instead writing off, the MD restructured it 45bn so at all all hom go pay, but he rather chose to remove the MD instead of paying up the loan.

festacman:
As an entrepreneur, Oba Otudeko is a go-getter. As a boardroom politician, he is bullish, very bullish. As a money-chaser, he is a hard-nosed capitalist. He has the tendency to browbeat regulatory authorities both in money market and capital market. There is no doubt that Oba Otudeko is a principality in the mammonic kingdom.

However, every empire has its rise and its fall. One hopes this corporate governance misadventure will not lead to the fall of Oba Otudeko empire.

galantjoe:


It has already caused his downfall.

But let me ask how can CBN allow him to be a chair or FBN holding, airtel and Honeywell, FBN has equity shares in those company at the same time loans were granted to them. Which were later restructured following their non performance. This is totally against codes of corporance governance

Maybe his palm grease to emefina had expired or it is not renewed thus CBN woke up from their slumper and wield their hammer.

Oba,

RuudVanNisteroy:


https://pmexpressng.com/how-oba-otudeko-rebuffed-my-pleas-on-first-bank-crisis-emefiele-cbn-governor/

CSTRR:
One man is worth $550 millions and still owing bank debt.

In the poorest population on Earth.

RuudVanNisteroy:


https://pmexpressng.com/how-oba-otudeko-rebuffed-my-pleas-on-first-bank-crisis-emefiele-cbn-governor/

RuudVanNisteroy:
CBN was sending them reminders to divest from companies they had equity and granted loans to,but they failed to listen.Hence the need to wield the big hammer. International investors are watching the jokers with astonishment that all themselves regulators of the stock market and banking industry.

Roddwave:

I dont mean to say i go dey proud but at least
Those foolish top government ofiice holders deserves not to be answered

Throwback:
Is it because Oba Otudeko is Igbo? Emefiele is just a jealous Yoruba man who is envious of the hardworking Igbo business man whose investments span a lot of industries.


Not until you hear from the man himself

shosky1794:
Let me be a conspiracy theorist; if honeywell group falls which direct competition gains? I leave you to answer that