Peter Obi: We Will Remove Import & FOREX Restrictions - Politics (15) - Nairaland
Nairaland Forum › Nairaland General › Politics › Peter Obi: We Will Remove Import & FOREX Restrictions (37236 Views)
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| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by Yampotatocarrot(m): 8:10pm On Oct 07, 2022 |
Towncrier007:I sent you a nairaland mail |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by Towncrier007(m): 8:15pm On Oct 07, 2022 |
Yampotatocarrot:Ok bro |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by TheExclusive: 9:34pm On Oct 07, 2022 |
MeineMutter:Obi was a director in other companies · Former Director: Guardian Express Bank Plc. · Former Director: Chams Nigeria Plc. · Former Director: Emerging Capital Ltd · Former Director: Card Centre Plc |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by tctrills: 9:42pm On Oct 07, 2022 |
MeineMutter:You talk like a kid. Why would shareholders vote for you to be the chairman? They vote because they believe you would grow their investment. No one would vote for a man who he thinks would lose him money even if the man is his child. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by MeineMutter: 10:32pm On Oct 07, 2022 |
tctrills:The majority shareholders (Controlling Interest - i.e. those that have more than 50% equity in a company VETO who would be chairman). They don't vote individually. Even if they do, they already know who they want to be their chairman. So it is like a selection not an election. It is not Chairman that grows business. Chairman is a NED (Non-Executive Director). It is a figure-head, like a (your) Prime Minister that Azikiwe was. Only EDs (Executive Directors e.g. MD, FD, SD, HRD etc) manage and grow companies. get a learning. They only put Obi there on God-knows-why. He was just a rubberstamp. This 0-2 now. One of you dullards first of all called Obi MD/CEO which it was rebuffed. That's 0-1. That was why they were saying/arguing blindly that Diamond Bank merged with Access Bank. Meanwhile, Access Bank took over Diamond Bank. It has shown that Igbos only have agidi. Only a few of them are intelligent. They know next to nothing in the academic world. All they are after is drug, spare-parts selling, piracy, counterfeiting. So, you are the kid, not me. I have over 18 years' top-notch multinational company experience as senior manager. You are the half-baked, educated-illustrate. Joseph Onuorah that is leading your LP Lagos rally was a junior to me at one of the multinationals I have worked so shutthepithole of your abasha mouth up. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by tctrills: 10:37pm On Oct 07, 2022 |
MeineMutter:You have much to learn. Below are the duties of a company's chairman. The Chairman of the Board of Directors is the executive leader of the board of directors who ensures accountability and is jointly responsible for the management of the officers. The chairman's job is to ensure that the company's obligations to its stakeholders are met. I also noticed you are very tribalist. It's hard for a tribalist to learn anything. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by MeineMutter: 10:47pm On Oct 07, 2022*. Modified: 11:16pm On Oct 07, 2022 |
TheExclusive:He was a Non-Executive Director; not an Executive Director. He was just chairman at all these companies. Chairmen don't run companies. Obi's posts at those companies were like those of Audit, Remuneration (etc) Committees of companies. You are all of Dundee United who are following Obi. Go and learn about corporate governance, if you want to know more about the role Obi played in all the companies he had served. You too can serve as chairman of any company provided you have some business knowledge and know some things about corporate governance. Common bank 'tellering' job, Obi didn't do, let alone working in Bulk Room of a bank. Obi kan n fi buread ko yin lomi obe je lasan ni. Read this line from his Wiki written by Obi himself: Pre-political career Obi was a businessman before he ventured into politics.[27][28] According to himself, Obi started his life as a trader, being born into trading family before venturing into the corporate world. He held leadership positions in some private establishments. Some of the companies he served includes: Next International Nigeria Ltd, Chairman and Director of Guardian Express Mortgage Bank Ltd, Guardian Express Bank Plc, Future View Securities Ltd, Paymaster Nigeria Ltd, Chams Nigeria Ltd, Data Corp Ltd and Card Centre Ltd. He was the youngest chairman of Fidelity Bank Plc.[18][29][30] 0-3 |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by MeineMutter: 11:02pm On Oct 07, 2022 |
tctrills:Weerey, So it was Obi that was making strategic decisions for Fidelity bank that Fidelity Bank couldn't raise its minimum capital threshold to 25billion that CBN requested for, which made Obi to take 25billion from Anambra State's fund to bail out Fidelity Bank? Odenson. Was Obi the Sales Director of Fidelity Bank that was rolling out products and services? Was he the CFO that was in charge of financial management of the company? And so on.. Let me tell you this: because it was mandatory for a publicly quoted company (in case you don't know what that means, it means companies whose shares are being traded on a recognized Stock Exchange) to have a Chairman, that was why Obi Pandora was put there as di gere hu. It's just to fulfil all righteousness of Codes of Corporate Governance and to protect the interest of some thieves who have/had majority shareholding in Fidelity Bank then. I could see you went to google the role of Chairman of a company. Was that was you googled or what you were taught at NOUN (cyber cafe) university that you eventually attended? Must the role of a company chairman be that? This is the unauthoritative website were you went to pick your misleading thras.h of functions of chairman of a company: https://aprioboardportal.com/news/chairman-of-the-board-explained/ No wonder the YEast is backward. Yes, I am very very very very very very 'tribalistic' as you are - 100%. Can you go and die after hearing this? Get one more fact: the only brilliant guys I know from your red soil land are Professor Ndubuisi and Chidi Okoro (that I worked with). Others are noise makers. I hope you will be able to sleep tonight. Olofo 0-4 |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by tctrills: 11:06pm On Oct 07, 2022 |
MeineMutter:You were wrong about the role of a chairman. I correct you and you get bitter. Lol. Funny child |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by MeineMutter: 11:15pm On Oct 07, 2022 |
tctrills:Now you agreed that your Obi is just a fluke. He never had corporate work experience in his life other than when he was handpicked as chairman of some companies. He cannot even say he has work experience of what an NYSC graduate who served at, for instance, PwC, Nestle etc have. Or have you ever seen where your messiah wrote his work experience other than trading? Duties and Functions of Chairman of Developers in AfghanEstern are as you have mentioned. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by ElSudani: 11:15pm On Oct 07, 2022 |
Perfectbeing:God bless you. I think they know this but they are playing dumb to support their candidate. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by tctrills: 11:16pm On Oct 07, 2022 |
MeineMutter:You are not making any intelligent point. Just calm down, collect your thoughts and explain yourself |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by Quintopia: 11:17pm On Oct 07, 2022 |
benardtotti:lol...many of them don't even understand these economic policies he's promising. He just 'sounds good' to them. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by Perfectbeing(m): 9:21am On Oct 08, 2022 |
[quote author=tctrills post=117350234][/quote]You actually make zero sense. Currently Nigeria and Ghana imports steel but there's few employment in the manufacturing sector of both countries. Then how come are you still saying when Nigeria's steel industry starts working Ghana will still have more employment in the steel industry? |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by tctrills: 9:27am On Oct 08, 2022 |
Perfectbeing:There you are wrong again. There are many industries in both Nigeria and Ghana that currently make use of steel. The construction industry is one. If Nigerian made steel is very expensive, it would diminish our construction industry and make many people jobless. There are many industries in Nigeria that depend on cheap steel such as the fabrication industry, the auto and auto parts industry, the kitchen and home utensils industry. If the cost of your steel goes up, you would be putting many of these people out of work and reducing their profit margins. Do you get it now? |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by OsunOriginal: 9:30am On Oct 08, 2022 |
MeineMutter: ![]() |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by tctrills: 9:43am On Oct 08, 2022 |
OsunOriginal:Oga what is the duty of the chairman of a company? In the US, they are called president of companies. What is their duty. The least you could do is browse. The Chairman is responsible for leading the Board and focusing it on strategic matters, overseeing the Group's business and setting high governance standards. He plays a pivotal role in fostering the effectiveness of the Board and individual Directors, both inside and outside the board room. Stop arguing blindly. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by tctrills: 9:54am On Oct 08, 2022 |
Perfectbeing:One more thing, the more you restrict your economy, the more other nations would close theirs to you. Is it not better to have free trade with as many countries as possible. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by OsunOriginal: 10:17am On Oct 08, 2022 |
tctrills:To add to this discussion, you need to check a few other organizations and interrogate who the chairmen are and why they were made the chairmen. The board of an organization basically oversees the investment of the shareholders (the owners) in the organization and ensures the organization is run in the interests of the shareholders. First, the board doesnt run the organization. It's only there to ensure the people running the organization are not shortchanging the owners (the shareholders). Regularly, a board meeting is held where the executive managers present the reports of business operations to the board and also get approval from the board for projects exceeding certain thresholds. The board needs a chairman who usually is the majority shareholder since the number of shares you hold equates to your votes. Of course, other major shareholders can come together to elect a chairman where there is no clear majority shareholder. For example, if the split is 15%, 25%, 40%, 10%, 10%. The 15%, 25%, 10%, and 10% shareholders can work together to elect the chairman of the board even if the 40% shareholder does not support their choice. However, if a shareholder has 60% of the total shares of the organization, he is automatically the chairman of the board or whoever he supports is the chairman of the board. So, Obi could have even made himself the chairman by virtue of holding the majority shares. He could have also been elected by members of the board. Basically, your shareholding is mainly the criterion for qualification here. This is assuming the person is educated enough to comprehend numbers, business terms, and effectively represent the shareholders. Therefore, there is nothing special about Obi being the chairman of a bank. He had (and still has) a lot of money there and that qualified him for the position. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by dreamxhaser: 10:30am On Oct 08, 2022 |
Pakute:Bam! My family hates anything Tinibu, El rufai and APC, but I support Tiniubu because from the way I see things. He is the best for now. We have the infrastructure tamplet (Trains, Sea/Dryports, Industrial parks, Akk gas pipeline and others. What is left is security! Security! and Security! |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by tctrills: 10:48am On Oct 08, 2022 |
OsunOriginal:I have tried to teach but you don't learn. I now leave you to your ignorance. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by Perfectbeing(m): 10:50am On Oct 08, 2022 |
tctrills:Before I continue further, lemme ask you a question. Should Nigeria completely abandon the Ajaokuta Steel company after spending billions of dollars in it's construction, since producing steel from there would be more expensive than importation? |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by tctrills: 10:55am On Oct 08, 2022 |
Perfectbeing:No, we should not. It should be put in private hands. Government has no business producing steel. There are many major steel companies that could make the project profitable. Building it with government money in the first place was a mistake. If I was in charge, I would sell the project for N1 to a reputable company with an agreement that they would turn the place around after a set period of time. I would also give them a tax break to make them competitive with imported steel. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by Perfectbeing(m): 11:10am On Oct 08, 2022 |
tctrills:The would need to pay workers and make profit. Nobody would invest in a business to not make profit. Tax break will not compensate their profit if they don't sell high enough.. BTW, Obj sold the steel company to an India Steel Corpration and when that flop of a President, Yar Adua, took over, he reversed the sale. His reversal breeched their agreement and Nigeria was to pay over $5 billion which was reduced recently to over $400 million. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by tctrills: 11:17am On Oct 08, 2022 |
Perfectbeing:If private companies cannot run the steel project, then it would be foolish to believe that government would do better. If I were OBJ, I would see for only N1 with the agreement that the plant should be running after a set time. If the private world can't make it work then it should be completely abandoned. I repeat, Government has no business in steel production. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by Perfectbeing(m): 6:43pm On Oct 08, 2022 |
tctrills:OK o. I hear you. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by TheExclusive: 6:47pm On Oct 08, 2022*. Modified: 12:37am On Oct 09, 2022 |
MeineMutter:Do you know the requirements to be made a non executive director of a company? Have you been a member of a board's nomination committee? Non executive directors have specialist skills and experience which executive directors do not have. A board is made up of majority NEDs. The board headed by the chairman run companies!!! Go and fact check yourself before spewing trash. Obi has both directorship and chairmanship experience across various sectors . Board chairmanship and directorship has given him the exposure and experience that will take employees a lifetime to learn. And he handled it so well that the banks are doing very well even after he left. You do not need to work on something directly to have knowledge of it. You can gain knowledge by reviewing and supervising as long as you are commercially savvy and understand the business. Besides, operational level experience of employees is irrelevant in this context. We are talking about strategic level, decision making and management experience which he has and has shown in both the public(As governor) and private sector. He is a graduate of world renowned business schools too many to mention. So you do not have any point!!! 1: -3 |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by MeineMutter: 4:33pm On Oct 09, 2022 |
TheExclusive:Still go and check. You lack experience and the exposure. Chairmanship of a company is more political. The owners dictate strategic steps to take to chairman. Stop being sentimental and tell me 2 companies where Obi as worked as either officer or associates, or manager or director etc before becoming Chairman of those companies? All the companies Obi headed as chairman are owned in majority by Obi's tribe. Only Fidelity is a company that's a bit ok. Others are moribund. Has Obi been called to be chairman of any multinational company? Can Obi be compared with Pa Osunkeye and co.? Which influence does Obi have other serious multinationals to be voted as there board chairman? |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by TheExclusive: 4:51pm On Oct 09, 2022 |
MeineMutter:Must he be chaiman of a multinational company? His interest is in banking. Why should he be an associate when he has what it takes to be chairman? Stop feeling insecure because of his unusual capabilities. I have said it before and I will say it again,[/b]You do not need to work on something directly to have knowledge of it. You can gain knowledge by reviewing and supervising as long as you are commercially savvy and understand the business. Besides, operational level experience of employees is irrelevant in this context. We are talking about strategic level, decision making and management experience which he has and has shown in both the public(As governor) and private sector[b] Stop feeling insecure about a man who has unusual capabilities that set him apart. So deal with your insecurities |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by MeineMutter: 8:38pm On Oct 09, 2022 |
TheExclusive:Your comment has shown how hollow your sense of reasoning is. So for someone to become a chairman of a company, he doesn’t need work experience to perform better. See how you rope yourself. No wonder he was attending one-one week online courses just to brush up his Alaba mentality. Sebi you saw how he was able to think strategically for Fidelity Bank to be among the top 10 banks during his tenure and now? And he was able to think strategically for other companies he chaired like Chams to become a unicorn like Flutterwave and co who came lately. We can, as well, see that the insurance company he chaired is now ahead of Mutual Benefits, Lasaco, NEMS, AIICO, Old Mutual, Leadway etc. The ketchup company he led has downsized and ran to Dubai after it was bought by Fareast Merchantile. Go and find out. We can also see how he led, strategically, in Anambra for 8 years and the state is now developed like common Seychelles and Botswana. Eyin weere gbogbo ti hypocrisy ti fo lori. Tell me you feel it’s time for Igbo to rule Nigeria because they have never ruled in this democratic dispensation and I will understand your argument. But don’t tell me that Obi has the antidote to cure Nigeria of corruption, mediocrities, nepotism, favoritism, tribalism, and other economic woe that are incurable. As a drunkard, Obiano will perform better in Aso Rock than your Obioma (shoulder tailor) you are parading as a president material. He is just being packaged to look like one. He is none. It’s only the frustrated youths that are at the forefront of the packaging. Till tomorrow, none of the 3 foremost candidates can lead Nigeria out of the mes.s the country is. It will take concerted efforts of every Nigerians to get out of the mess. Come over to Europe and see things for yourself. So stop thinking Obi is the Joker card. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by TheExclusive: 9:46pm On Oct 09, 2022 |
MeineMutter:Now I see the essense of your blind argument. You are part of the group that stay abroad, sits on the fence to only criticize and feel insecure about other peoples capabilities. You Just revealed your true personality. Obi cannot solve all our problems, no one is arguing that. What he has been saying is to point Nigeria in the right direction. Go and watch his interviews. |
| Re: Peter Obi: We Will Remove Import & FOREX Restrictions by MeineMutter: 10:38pm On Oct 09, 2022 |
TheExclusive:Obi cannot even solve one problem; not all. He would only increase minimum wage and award a few contracts which would not be executed. Which experience does have to tame our corrupt civil service? What of our dead electricity sector? Who does he know he can lobby across Nigeria and among the cabals that hold Nigeria by the jugular to leave Nigeria's jugular? Go to Angwai-Rimi in Kaduna alone and go and see power brokers who are parts of who decide where Nigeria goes. Go to Kano, Zamfara, Kebbi, Jigawa, Katsina, Niger, Borno, Yobe, Abuja etc and find out powerful past and present politicians who Obi cannot dare look directly in the face. Obi? Who's Obi where late Maitama Sule was? Who does Obi know in any of those powerful states to run to if he wants to implement anything that affects the Hausa/Fulani hegemony? Where is the House majority that would give him the support? How many labor party governorship candidates have the chances of being elected? I have watched most of his interviews. He was just blabbing. Those interviews were for people like you who cannot distinguish their left hands from their right hands. He was just spewing rub.ish that defy economic sense. The data he is giving lack integrity. Only Igbos and few Yoruba religious bigots can be fo_oled. Not me. I last voted in 1993. That was the last time I trusted Nigeria's electoral process. I don't know where you were in 1979 during Shagari/Awolowo saga because we have been hearing all Obi was saying since then. |
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