₦airaland Forum

sarrki:
What happened

How ?

What happened was that your God buhari and his devilish fulani gov't is out to destroy everything that belongs to igbo men without considering the benefits to the good people of Nigeria. What also happened was buhari is national disaster that should be eradicated by every means legitimately available.

IYANGBALI:
I'm very sure he wasn't the one that wroted that letter,Kanu does not know how to spoke good English

Agbaya your English is wonderful.

Pay what you owe and stop looking for sympathy!

Nigeria rich always looking to pull fast one. If it was one poor guy now with face me i face you house he will be sleeping under bridge now with no help.

Papillo pay your debt!

sarrki:
We all have bad habit of not paying back

Please Know one should make this ethnicity

Debtors need to pay back

It's primary responsibilities of Amcon to retrieve loan

pls go back to nursery school to relearn spelling and pronunciation. Well BMC crew do not have certificate like their father(cattle rearer) in Aso Rock

sarrki:
When KANU obtained the loan

Is it on tribal or emotions that he obtained it ?

Please let's get serious for once

who is now making it tribal if not u...
d way we yorubas turn hypocrite once it has to do wit Igbos. smh..

shame on u.... bigoted Igbo hater..

Raiyell:
This one has exposed you, bigoted slime.

How can someone be indebted to a bank and yet the bank cannot provide statements of account to prove their accusations after more than two years?

I know you can read between the lines but you choose not to.

Because Kanu said so, you automatically believed his statement to be true? May be a visit to AMCON will help you.

Ejanla07:
who is now making it tribal if not u...
d way we yorubas turn hypocrite once it has to do wit Igbos. smh..

shame on u.... bigoted Igbo hater..

When will you guys get tired of all these tribal sentiments? Una no dey tired?

Raiyell:
This one has exposed you, bigoted slime.

How can someone be indebted to a bank and yet the bank cannot provide statements of account to prove their accusations after more than two years?

I know you can read between the lines but you choose not to.

But AMCON can't foreclose on your property without a Federal High Court Order?so since you seem to be familiar with the case whose Bank debt did Asset Management Company Of Nigeria (AMCON) absorb?

The marginalization continues!
Afonjas wan teif the property!
Chai!!!!!

Why can’t you make BIAFRA like Lagos?
Everyone wants a property in LAGOS.
Afonja herdsmen will keep chasing you all out ke, after stealing ALL your money.

Stethaine:
Nairalanders I strongly believe that if we collectively check this guy called Sarriki. The real identities mighty be that of foolish village shit holes. From bush forest.

Freedom of speech and expression

DEMOCRACY

Bia biko what is UNISEF?

sarrki:
The majority will have their way

Nigeria will definitely speak

Like the majority ever had it way in Nigeria, when election results are ready 1 month before election.

IYANGBALI:
I'm very sure he wasn't the one that wroted that letter,Kanu does not know how to spoke good English

Your prowess with the English language is certainly undisputed

AmCON can't just come and take over property without a court order.

Besides the loan must have really gone bad an delinquent before the bank will pass it over to AMCON because once a loan is passed over to AMCON the loan amount is charged against their profit and capital. Infact most banks avoid AMCON.

For avoidance of doubt and for the ignorant tribalistic people.....know this

Kanu and his business partner took a loan from Skye to expand the hotel. While Kanu was the passive partner, while the other partner managed the hotel. As typically with most hospitality businesses in Nigeria, standards dropped and this affected the ability of the cash flow from the business to repay the loan. Also kanu and his partner fell out stemming from accusations on fraud and mismanagement on both sides.

The partner accused Kanu of taking substantial funds out of the business and also some director's loans totalling 170m naira that he has refused to pay. Kanu also accused the partner of fraud mismanagement etc. The bickering between the two affected the business and ability to pay back the loan.

Skye tried severally to resolve the issue between the partners but didn't succeed because of ego and pride on both sides.

AMCON was the last option

What I see is a case of two partners that made mad money when the business was doing well and can't take a hit now that the business ain't doing well.

More the gist is that kanu used to funds from the hotel to fund his foundation which he has also confirmed. However he hasn't been entirely truthful because I hear that he was taking more that the revenue generating capacity of the hotel which ultimately affected the cashflow and daily operations. Such that most times they had negative cash flow

Also become AMCON can be invited by the bank there would have been a very detailed audit of the transaction and accounts by an independent party to prevent bias. Once the loan is transfered to AMCON, customer no longer has any business discussing with the bank.

Finally AMCON tried to get a receiver manager but efforts were frustrated hence the decision to strip and sell assets

I think he should sort out the issue with his partner and both of them repay the loan because it's shareholders funds we are talking about here

Schemer!
How come he subtly deflected attention from the real issue: whether he is indebted or not, to craftily appealing to people's emotions? He reminds us that he is a footballer. He served the country. He had heart problem. He has a foundation that provides funds that treat people with heart problem. His heart bleeds,... bleeds.
Please let's read in between the lines.
Haba, Papilo, there is more you are not telling us. You are not making us proud.

IYANGBALI:
I'm very sure he wasn't the one that wroted that letter,Kanu does not know how to spoke good English

yes we all know that, but how can we do that? How can we speak Ill of one of our beloved heroes..

IYANGBALI:
I'm very sure he wasn't the one that wroted that letter,Kanu does not know how to spoke[b][/b] good English

Just like you

Psoul:
Just like you

what?

IYANGBALI:
what?

Exactly what u read

Psoul:
Exactly what u read

comot jo

IYANGBALI:
comot jo

E don tey wen I comot. Oh...u think say I still dey dia? Chaiiii