₦airaland Forum

Whynotthetruth:
See this failed hungry amateur graphic designer...

What do you know is GIT? Idiot...failed graphic imp

I fight for politicians and you fight for what? Hate filled imbecilic sadistic nitwit...Outside your nepotistic parochial lens, what other idea will fuel someone condemning a well thought intervention by Obi to save people's investment that corporate thieves, lawyers, auditors and other scavengers have positioned to loot...

Because your wretched poverty stricken soul hasn't considered what someone with over 5M as business capital will have to go through to wait out his balance if it will ever come, when NDIC can only pay 5M max...

Do you know the protocols involved in liquidation process? How much time before a business recovers it's funds if it will ever get it? Even the cost implication to the business or individuals...

Sadistic imps like you are a mistake to life...what a waste of space

Let me educate this GIT : Foolish & unpleasant being.

I've met your godfather, Peter Obi, one on one when he came to Canada. Someone you may never meet in your life, aside from your ranting here.
Secondly, I earned my first degree at FUTA in Akure, where I studied Mining engineering 🤑😜, before I left the country. However, unfortunately for you, your life hasn't reflected reality beyond posting political talks and blindly defending your proudly Igbo people, even when it's obvious. So, get a life and do something meaningful with it.

This is my last response to you. You can go find someone else to wrestle with, like a pig wallowing in mud.🤣🤣🤣🤣

DeLaRue:
What is the point of Mr Obi issuing irrelevant and meaningless statements.

Must you comment on everything and anything

are you a depositor in Heritage Bank ?

lionshare:
Are you saying you’d have preferred he keeps the bank running despite their huge NPL?

Ever heard of a banking bail out?

The loan portfolio for here reach yankee?

The FEDS bailed out several banks but guaranteed the deposits. You pump in money, convert it to shares, take over majority holdings and fire management and put your own people. If you close banks due to none performing loans no bank will remain

DeLaRue:
What is the point of Mr Obi issuing irrelevant and meaningless statements.

Must you comment on everything and anything

Peter Obi, a former Chairman of a commercial bank (Fidelity Bank) has just spoken like an illiterate idiot!

First, any current or former banker; or anyone who knew anything about banking would have known that Heritage Bank had long been on "intensive care unit (ICU)" in terms of bad loans (poor asset quality) and very weak liquidity since 2017 and only CBN had been "managing" its financial health, which for all intents and purposes, was irredeemably bad!

Second, CBN or NDIC could NEVER have paid depositors 100% of their funds, no matter the emotional nonsense Peter Obi wrote here; because, by law, NDIC can only pay a maximum of N5 million per depositor. It is so clear in the NIDIC Act. In fact, the figure was much lower, until a few months ago, when the National Assembly passed an amendment to the NDIC Act, and increased the threshold payable.

How could Peter Obi make this stupid statement, all in a bid to make the Federal Government bad, and tantalize the illiterate wing of his Obidient crowd?

This is so disappointing, coming from Peter Obi, who should know!

Lanretoye:
I don’t understand o,just making people more apprehensive.how does revocation of one bank’s license destabilize the economy,as if the license was revoked without a reason.
He just wants 3points at all cost

did U read what he said?

Or is it that U just lack comprehension?

Whynotthetruth:
..

Loads of trash!. Do you know the laws guiding NDIC?, have you ever insured a cup in your life?, i guess not. Can an insurance covers more than the value of whatever you insured?. If NDIC covers depositors funds, what is the value of the deposit covered?, would NDIC give beyond the value?. Would NDIC settle shareholders and creditors beyond the value of heritage bank's assets?. You can see how dumber you are, you're ignorant but thinking that you know. A 3rd class grad of Philosophy opens his mouth to talk and you all swallow his droppings without thinking. Most of you have proved to be a bunch of illiterates and as such, you're true to type.

-Kiss the truth!

Believeintruth:
Guy you are not a sensible person at all. He is warning that CBN should in view of the economic situation ensure that customers are paid in full via NDIC because of they don't it can destabilise the economy. Try and read to understand and be sensible enough to remove bias.

Gringory Obi na foolish idiot notice me, as if NDIC has not already told people to bring forth their claims having given the app bulletin?

DeLaRue:
What is the point of Mr Obi issuing irrelevant and meaningless statements.

Must you comment on everything and anything

Yes, he should. He who doesn't understand the urgency of paying depositors at this critical moment in Nigerian economy is daft.

He needs to sound it to this government that is so inept. If you don't gerrit, gerrout.

Believeintruth:
You need a woman and a family to keep you busy so that you stop making off point comments.

If you get family, you know for dey type this kind nonsense, abi you imagine say everyone be like you docile follow follow Obidient?

blacknp:
If you get family, you know for dey type this kind nonsense, abi you imagine say everyone be like you docile follow follow Obidient?

Eyahhhh assumption always kills. Dude try and have sense and stop talking trash.

blacknp:
Gringory Obi na foolish idiot notice me, as if NDIC has not already told people to bring forth their claims having given the app bulletin?

You don't have sense naturally

soullove1881:
Let me educate this GIT : Foolish & unpleasant being.

I've met your godfather, Peter Obi, one on one when he came to Canada. Someone you may never meet in your life, aside from your ranting here.
Secondly, I earned my first degree at FUTA in Akure, where I studied Mining engineering 🤑😜, before I left the country. However, unfortunately for you, your life hasn't reflected reality beyond posting political talks and blindly defending your proudly Igbo people, even when it's obvious. So, get a life and do something meaningful with it.

This is my last response to you. You can go find someone else to wrestle with, like a pig wallowing in mud.🤣🤣🤣🤣

See Ogbomosho pained hungry nitwit begging for cheap laptop all over nairaland...

Anyway, do you crave to meet Obi? I will give you a venue to do same in the next few weeks...

Useless son of drunk vagabond and village olosho

TimeManager:
Loads of trash!. Do you know the laws guiding NDIC?, have you ever insured a cup in your life?, i guess not. Can an insurance covers more than the value of whatever you insured?. If NDIC covers depositors funds, what is the value of the deposit covered?, would NDIC give beyond the value?. Would NDIC settle shareholders and creditors beyond the value of heritage bank's assets?. You can see how dumber you are, you're ignorant but thinking that you know. A 3rd class grad of Philosophy opens his mouth to talk and you all swallow his droppings without thinking. Most of you have proved to be a bunch of illiterates and as such, you're true to type.

-Kiss the truth!

Mehn, you're useless and every act proves me right in avoiding every contact with your irritating posts on here which is about everything against knowledge and/or wisdom...

Anyway, before you keep playing stupidly smart , just check your post from beginning of the thread till now and see how much of a confused useless idiotic imbecilic nincompoop that you're...

Waste of space...a retard forming literate... sadistic imp... product of useless olosho... identify crisis and low self esteem go finish you...mumu

Whynotthetruth:
See Ogbomosho pained hungry nitwit begging for cheap laptop all over nairaland...

Anyway, do you crave to meet Obi? I will give you a venue to do same in the next few weeks...

Useless son of drunk vagabond and village olosho

Dear Ewu,
Get a life, life is too sweet, bro! Alternatively, you can just travel abroad (Japa), but then, a wretched soul like you doesn't have the means to do so. People with purpose will leave Nigeria for a better life and sound reasoning, but here you are, crying and defending politicians.

Yankee101:
Ever heard of a banking bail out?

The loan portfolio for here reach yankee?

The FEDS bailed out several banks but guaranteed the deposits. You pump in money, convert it to shares, take over majority holdings and fire management and put your own people. If you close banks due to none performing loans no bank will remain

Is that not how heritage itself came about? Why should he continue throwing money down the drain?

Believeintruth:
Bro you just gave a single editorial, I am not disputing that, my issue is this what PO is asking for just for NDIC to have empathy considering the economic crisis we are in. All this thing of bringing headlines to justify rubbish is not what we are talking about.
If you had an account with Heritage you will not be saying this.

I have two accounts with them; A savings and a current. I was a Full Head office staff of heritage Bank up until March 2022. So, I know what I am saying.

See , you people just assume everyone who posts here is posting out of fanatisim like you.

In April, I went to withdraw ALL my funds from HB. Even at that, maximum withdrawal per day was 20k. Withdrawal from a current account could only be done by filling a cheque.

I gave a single editorial because there was no need to give many. it's all over the internet and it trended late last month...google it and stop embarrassing yourself.

Again, you were not in tune with the story and ure here defending rubbish, reeking of obi fanatism.

And YES , U were disputing the fact that customers had difficulty accessing their funds when I mentioned it because you responded saying "Did they tell you that customers could not access their funds before CBN license revocation?"

You're the one saying nonesense without proofs. Blind obi fanatic!

DeLaRue:
What is the point of Mr Obi issuing irrelevant and meaningless statements.

Must you comment on everything and anything

I bow o. The man is fast becoming a nuisance.

[quote author=Lizzysamuel post=130294997][/quote]Is this cry baby tired of sinking holes like rat all over the North? Abi why is he chooking mouth into everything happening in Tinubu's administration?

Whynotthetruth:
Mehn, you're useless and every act proves me right in avoiding every contact with your irritating posts on here which is about everything against knowledge and/or wisdom...

Anyway, before you keep playing stupidly smart , just check your post from beginning of the thread till now and see how much of a confused useless idiotic imbecilic nincompoop that you're...

Waste of space...a retard forming literate... sadistic imp... product of useless olosho... identify crisis and low self esteem go finish you...mumu

Insults, insults, and more insults, after every insults, you become dumber. You have limited understanding and zero knowledge of deposit insurance and maximum covering. Be humble, learn, stop following a dumb person around at your old age. Grow up and make a better use of your brain, if any.
Read Coolest01's reply to Beliveintruth, the third poster above and receive sense.
Bye.

-Kiss the truth!

[quote author=Lizzysamuel post=130295188]Oh.

He's now a nuclear reactor.

When he keeps quite now, you will start crying kpa kpa kpa again.

Helinues, like saintganduje will always say.

Get a job.

Don't mind the nitwits.
They don't care that with this, more than 4k jobs just got lost and the previous workers dumped into the saturated LABOUR MARKET.

Whynotthetruth:
See Ogbomosho pained hungry nitwit begging for cheap laptop all over nairaland...

Anyway, do you crave to meet Obi? I will give you a venue to do same in the next few weeks...

Useless son of drunk vagabond and village olosho

Just imagine, you mean Peter Obi who's everywhere, or which one exactly? 😂

But seriously, I do feel that you're being both arrogant and stupid. You're just rambling in one place, crying like a bush baby.

Can't you travel abroad and get a life? Or did you go to school to study an irrelevant course?😆

Anyway, what can I expect from someone who's stupid, arrogant, and unable to construct a simple sentence.🤣🤣🤣

Mercylike:
How can they give them in full?

If. They try that, it won't go round to all customer.

This has been the practice for years, why does PO think it has to change

Though I feel so bad for the customers.... I am just so sad that they have to face this at this moment.. It's really unfortunate...

But it's what it is

Really? Dats terrible and needs to b attended to. Customers hard earned money.

Believeintruth:
Are you this dense. Did I say I don't understand the policies of liquidation? Try and have sense naaa. What we are saying is let NDIC in view of the harsh economic situation apply some empathy and pay depositors in full that is what PO is saying. Let me ask you if you had an account in Heritage will be saying this rubbish? Stop being selfish and look at the plight of the affected people.

The people who are storing more than 5m in these mushroom knew what they were getting themselves into
They read the fine print and t&c
So…

DMerciful:
Threas has reached over 7 pages. When Obi speaks, you guys come alive

It is you Obidents who loaded the pages, I made one comment that got over 30 mentions from u obidents.

Believeintruth:
Oga shut up there. Ask Anambra people did he not make provisions for education according to the millennium development goals? Try and have sense abeg and stop lying to justify 30k propaganda salary.

Tell us he didn't hike tuition fees and there was no protest and I accept that I Iied, if u can't prove otherwise, I know u are from a Iiñeage of pàthètic Iiars.

MajorOvakporaye:
Illiterate

Is that ur fada?

Lizzysamuel:
So all these jargons without evidence to buttress your lie?

Do better please.

If you run, nnegi. That's the bounty 😂

I know too well that most of u from SE are products of bàby fàctory so u dón't have a moda symboI to respect, I understand what u are.

Lizzysamuel:
So all these jargons without evidence to buttress your lie?

Do better please.

If you run, nnegi. That's the bounty 😂

I know too well that most of u from SE are products of bàby fàctory so u dón't have a moda symboI to respect, I understand what u are

Folding of the bank has long been heard in Nigeria this clueless Government is bringing it back what happened to bank merging why can't the CBN under this foolish administration hand that bank to another bank which is capable of handling it why total closure of the bank..... tufiakwa

It is because of reasons like this that informed people call him a container or corner shop economist. If the bank had depositor's money to pay out would the CBN have had to revoke their license?
Do you or does PO think the CBN just looked at HB and decided they do not like their color and so revoked their license? Where exactly is the money to pay out supposed to come from?

I am shocked that something as basic as this that they teach in SS1 first term economics subject is what Obi is using politics to tint.

For those who do not understand what the lamba king is suggesting is that, imagine someone with a third party car insurance has an accident, the equivalent of what PO is suggesting is that the insurance company should apply comprehensive insurance for someone who only has third party insurance because the country is hard.
Sensible people can see the foolishness of his proposal.

LadyExcellency:
What is new from his opinion is that Peter Obi wants them (depositors) to be paid in full instead of N5 million. Most businesses and SMEs have up to N100 million in that bank and what next? They will file for bankruptcy and more hardships.

Most of your criticism of Peter Obi is filled with bitterness and aggression because Tinubu is a failure and secondly these stem from tribalism and clannishness.

It is because of reasons like this that informed people call him a container or corner shop economist. If the bank had depositor's money to pay out would the CBN have had to revoke their license?
Do you or does PO think the CBN just looked at HB and decided they do not like their color and so revoked their license? Where exactly is the money to pay out supposed to come from?

I am shocked that something as basic as this that they teach in SS1 first term economics subject is what Obi is using politics to tint.

For those who do not understand what the lamba king is suggesting is that, imagine someone with a third party car insurance has an accident, the equivalent of what PO is suggesting is that the insurance company should apply comprehensive insurance for someone who only has third party insurance because the country is hard.
Sensible people can see the foolishness of his proposal.

LadyExcellency:
What is new from his opinion is that Peter Obi wants them (depositors) to be paid in full instead of N5 million. Most businesses and SMEs have up to N100 million in that bank and what next? They will file for bankruptcy and more hardships.

Most of your criticism of Peter Obi is filled with bitterness and aggression because Tinubu is a failure and secondly these stem from tribalism and clannishness.

Believeintruth:
Are you this dense. Did I say I don't understand the policies of liquidation? Try and have sense naaa. What we are saying is let NDIC in view of the harsh economic situation apply some empathy and pay depositors in full that is what PO is saying. Let me ask you if you had an account in Heritage will be saying this rubbish? Stop being selfish and look at the plight of the affected people.