₦airaland Forum

contigiency:
It's ok, anyone interested can further verify the news from the link. meanwhile, the statement that "it was because of this that AMCON was created by PDP government" that PDP there was not necessary. unless you are showing simparty to the party. Just the fact that AMCON was established by the government for issues like this would have been ok. else, it will make your contributions on the matter look bias.

Makawhizzy:
Let's hear the other side of the story from the banks. FG lies too much for me to just believe them these days. They manufacture figures anyhow just to paint opposition black many a times so till those banks speak and tell us their side of the story we don't want another TSA desperado move that brought this country to her knees finally

patani:
How will they collapse when the claim to make 200billion naira Profit each last year. Please let government recover it from their false claimed profit instead of being shared amount shareholders. Zenith Bank alone claimed to have made close to 200billion naira PAT, GT thesame. Even a tier 2 bank like stanbic claimed to make 49billion. Please let them pay

naijapips04:
I'm sorry I tried. I can't make sense of this nonsense you wrote. You can write Yoruba for me dude, I can read that.

Loans have repayment plans. That banks are still owing a portion of the loans doesn't mean they were not repaying anything as your paymasters are making us believe.

You are too dull for this discuss man. Your principle should tell us what the terms of the loans are and how many banks have defaulted and not making bracket statement to rail up propaganda.

And according to you, its all because of Jonathans corruption. You are just too dull.

https://allafrica.com/stories/201108100374.html

contigiency:
People are just writing all sorts of sentimental stuff, calling names just because government of buhari is involved in this needed sanity in the country.

I want any one that can prove that any bank in Nigeria has ever dashed him money to put in his business. or has even loaned him money with favourable conditions just for him to put his business. If not after asking for bogus collateral, they will still charge you high interest rates of above 20% and also mandate you to return the money on or before 4years.

So In this case, where is the moral justification for not paying back such huge amount given without interest after 13years. And they are now saying it's a free money. Please they should pay without further delay.

naijapips04:
Nobody was going to dash anybody money. Its a loan dammit!

Im sure there were repayment plan agreed with the banks. What Buhari is trying to do now is swoop on them and demand they pay everything in the name of fighting corruption. Same thing he did with TSA that took us into recession. We are about to repeat that circle again.

oldtruth:
Nigerians are funny set of people. This present knows how to toy with their brains.

The news is already out without them recovering the funds yet. This is Nigerians will celebrate. The fund won't be recovered and nothing will be heard about it any more.

However, gullible Nigerians will be masturbating on this proposed recovery for the next one year without asking questions if truly the funds were later recovered.

It is disheartening what this country has turned to and a total shame

Alzirida:
I implore FG to trade with caution
Even through its the right thing to do however they should be given more time to avoid collapse

Makawhizzy:
Between allowing the banks to collapse and borrowing them to scale through tough times which one is better? Be objective

naijapips04:
Shut up fool. The banks have been paying up I'm part annually. Many of the has designated N50 billion to service these loans. Buhari making it an item now means he want to swoop on the banks and take everything.

slowie:
Maybe you should read the article again. Enquiry showed that the banks claimed the money was suppose to be dashed to them by fg, hence they are not suppose to pat back. The last time I checked banks are owned by private individuals they should pay back public fund but the govt can reschedule it for them.

slowie:
Maybe you should read the article again. Enquiry showed that the banks claimed the money was suppose to be dashed to them by fg, hence they are not suppose to pat back. The last time I checked banks are owned by private individuals they should pay back public fund but the govt can reschedule it for them.

naijapips04:
Some banks have already cleared thier debts. Check this story

https://allafrica.com/stories/201108100374.html

Others are paying N50 billion annually to service this loan.

http://sunnewsonline.com/cbn-spends-over-n3trn-in-8-years-bailing-out-banks/

Moreover it is because of this same reason AMCON was created by the PDP government.

Alzirida:

It is sad bro.
Managing banks in Naija is not that easy .cost of diesel etcetera etcetera.
First bank cant even subscribe their DSTV

naijapips04:
What different thing dolt?

And yes the rushed implementation of TSA by the buhari government is one of reasons we entered into recession.

Mosesm:
PDP is a curse!

dingbang:
Money dey this country sha o

jomoh:
This is very shocking if it actually came from the CBN. It means the PDP government must have packaged the money in form of dashing the banks in order for them to corner the funds outside the government.

Where in the world is it done that the government dash banks money.

Imagine even CBN of all bodies giving such a reply. It means it must have been documented as a gift. $7billion about 4trillion Naira today’s money.

Thank God for giving us Buhari.

jomoh:
This is very shocking if it actually came from the CBN. It means the PDP government must have packaged the money in form of dashing the banks in order for them to corner the funds outside the government.

Where in the world is it done that the government dash banks money.

Imagine even CBN of all bodies giving such a reply. It means it must have been documented as a gift. $7billion about 4trillion Naira today’s money.

Thank God for giving us Buhari.

metronaija2:
The Special Presidential Panel for the Recovery of Public Property is to recover the seven billion dollars bailout fund granted commercial banks between 2006 and 2008.

The panel Chairman, Mr Okoi Obono-Obla, said in Abuja on Friday that the banks had yet to refund the money over a decade after.

Obono-Obla said that the bailout fund was not a gift to the commercial banks and so must be recovered and returned to government’s coffers.

“We are currently doing a lot of investigations to recover monies that have been taken away from the people of Nigeria.
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“One of them is the almost seven billion dollars bailout fund that the Central Bank of Nigeria granted commercial banks in 2006, 2007 and 2008.

“After 13 years or so, these commercial banks have not returned that money to the coffers of the Federal Government of Nigeria.

“When we enquired from the CBN the status of that money, the banks told us that the money was ‘dashed’ (given free) to the commercial banks,’’ he said.

The panel chairman said that the money belonged to the people of Nigeria and so could not be given away like that to commercial banks owned by private individuals.
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He pledged the panel’s determination to recover the money and return it to the Federal Government.

Obono-Obla said the panel was also in the process of recovering a large piece of land belonging to a parastatal agency under the Federal Ministry of Agriculture and Rural Development.

“That land was encroached upon, parcelled out and sold by unpatriotic people.

`I can assure you that we are going to recover it and prosecute all those who are responsible.

“We are also investigating and in the process of recovering a lot of landed property belongìng to the Nigerian Ports Authority (NPA) in Calabar, Warri, Koko, Sapele and Lagos ports.
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“We are equally doing recoveries for the Federal Mortgage Bank of Nigeria, and other federal government agencies, across the country,’’ the panel chairman said.

He called on Nigerians to assist the panel with information that could lead to the recovery of stolen public property by unpatriotic individuals.

https://www.metronaija.ng/presidential-panel-to-recover-7bn-bailout-funds-from-banks/

naijapips04:
Daft statements like this get me mad. So PDP lent banks billion of dollars to avoid them collapsing after the global financial crisis and that's criminal?

You think you can just wake up and damand that banks pay back trillions of Naira?

Buhari is just daft. Most of our banks are struggling. Asking them to payback this trillions would just crash many of them and take us back to recession.

The way these Buharis dolts reason is just disgusting.

dingbang:
Money dey this country sha o

patani:
TSA took you into recession? Haba!!! Eberu’Olohun fa. Better go and read basic economy or revisit what Okonjo Iweala said just before 2015 election about how money was being borrowed to pay federal givernement workers salary. Bros, Bros bros abeg

nairamaniac:
naijapips04 is right, the unstrategised implementation of TSA was of greater effect than a lot of other things to have led us to recession.

Makawhizzy:
Between allowing the banks to collapse and borrowing them to scale through tough times which one is better? Be objective

patani:
Please analyze and stop commenting based on sentiments