Sagamite:


That was the "Finance" you were taught at your Iyana Ipaja International University, Olodo?

Why should they be given the same % value of the old bank they had before in the new bank? Because government money is free for private investors, Professor of Finance (Iyana Ipaja International University)?

Go shut-up and siddon somewhere, this is rocket science to people like you.

Here is the lecture for you that Iyana Ipaja International University did not teach you during your "world class" degree in Finance:

When you are or decide to be an investor in a company, whether publicly-listed or private, it is then your responsibility to ensure that the company is well ran according to the laws of the country and profitably, otherwise your money is at risk.

You do this by:

1) Either having a representative on the board, who are people there to monitor the CEO and Senior Managers as representatives of the shareholder; you have this if you are a significant shareholder

2) Or you monitor the company privately by reading annual reports (if you are a small shareholder) and pull your money out if you feel the CEO and Senior Managers are reckless or not providing the financial/ethical benefits you desire

In most publicly listed companies, the government would not give a flyingshit if a company is reckless and fails, but as banks are heavily linked to the economy as they hold people's money and fund the economy, they cannot afford to standby and watch recklessness. So they take over.

When they take over, they are putting in taxpayer's funds to buy a struggling bank, which is now automatically devalued. So a good portion of your money as an original investor is gone because of the fallen value of a struggling bank you did not monitor and the money the government is putting in to save your investment. If the bank is getting seriously heavy losses, then you might even get zero!

Professor of Finance at Iyana Ipaja International University, it is your fcking responsibility as a shareholder to monitor your investment so you don't lose it, not for the government to save it for you and pay you for any losses.

For you na rocket science o!

No need to lambast the guy, oga dean of faculty of finance

Sagamite:




Your head correct, girl.

E be like say you go better school where dem teach you better Finance than those that thought it was not rocket science when it is Space science to them!

Thank you

My teachers will be proud

ntyce:


I have always held you with high esteem but you chose to prove otherwise today....
To enlighten you more.....

I work there
When last did the bank borrow from CBN lending window?
In the statement issued by CBN, it said the current mgt performed well yet it was still handed over to Amcon....

Why were shareholders not given the options to recapitalize...
Where did the N820 billion injected in April come from?

Oga, park well and think before you open ur mouth....

You must be stupid, you better hold me in higher esteem before I decide to be-igi for you.

Here is an example of the news report I read after the withdrawal of licence:

https://punchng.com/cbn-revokes-skye-banks-licence-polaris-bank-takes-over/

Emefiele: "Skye Bank requires urgent recapitalization as it can no longer continue to live on borrowed times with indefinite liquidity support from the CBN."

So either you are fcking wrong and don't know what you are talking about, or the CBN governor is fcking wrong and does not know what he is talking about.

Guess which one my money is on in the betting shop?

Shareholders should be "given the option to recapitalise"?

What a profoundly stupid question?

The shareholders did not know having the right capitalisation is fundamental to continue having a banking licence, they need to be told and given time to do that?

brenister10:



No need to lambast the guy, oga dean of faculty of finance

When idiotic Nigerians decide to become vocal public expert on issues they are ignorant about, they deserve to be well blasted!

It is a typical trait of the fooooools that populate the country.

Sagamite:


That was the "Finance" you were taught at your Iyana Ipaja International University, Olodo?

Why should they be given the same % value of the old bank they had before in the new bank? Because government money is free for private investors, Professor of Finance (Iyana Ipaja International University)?

Go shut-up and siddon somewhere, this is rocket science to people like you.

Here is the lecture for you that Iyana Ipaja International University did not teach you during your "world class" degree in Finance:

When you are or decide to be an investor in a company, whether publicly-listed or private, it is then your responsibility to ensure that the company is well ran according to the laws of the country and profitably, otherwise your money is at risk.

You do this by:

1) Either having a representative on the board, who are people there to monitor the CEO and Senior Managers as representatives of the shareholder; you have this if you are a significant shareholder

2) Or you monitor the company privately by reading annual reports (if you are a small shareholder) and pull your money out if you feel the CEO and Senior Managers are reckless or not providing the financial/ethical benefits you desire

In most publicly listed companies, the government would not give a flyingshit if a company is reckless and fails, but as banks are heavily linked to the economy as they hold people's money and fund the economy, they cannot afford to standby and watch recklessness. So they take over.

When they take over, they are putting in taxpayer's funds to buy a struggling bank, which is now automatically devalued. So a good portion of your money as an original investor is gone because of the fallen value of a struggling bank you did not monitor and the money the government is putting in to save your investment. If the bank is getting seriously heavy losses, then you might even get zero!

Professor of Finance at Iyana Ipaja International University, it is your fcking responsibility as a shareholder to monitor your investment so you don't lose it, not for the government to save it for you and pay you for any losses.

For you na rocket science o!

eez not fight na

Sagamite:


That was the "Finance" you were taught at your Iyana Ipaja International University, Olodo?

Why should they be given the same % value of the old bank they had before in the new bank? Because government money is free for private investors, Professor of Finance (Iyana Ipaja International University)?

Go shut-up and siddon somewhere, this is rocket science to people like you.

Here is the lecture for you that Iyana Ipaja International University did not teach you during your "world class" degree in Finance:

When you are or decide to be an investor in a company, whether publicly-listed or private, it is then your responsibility to ensure that the company is well ran according to the laws of the country and profitably, otherwise your money is at risk.

You do this by:

1) Either having a representative on the board, who are people there to monitor the CEO and Senior Managers as representatives of the shareholder; you have this if you are a significant shareholder

2) Or you monitor the company privately by reading annual reports (if you are a small shareholder) and pull your money out if you feel the CEO and Senior Managers are reckless or not providing the financial/ethical benefits you desire

In most publicly listed companies, the government would not give a flyingshit if a company is reckless and fails, but as banks are heavily linked to the economy as they hold people's money and fund the economy, they cannot afford to standby and watch recklessness. So they take over.

When they take over, they are putting in taxpayer's funds to buy a struggling bank, which is now automatically devalued. So a good portion of your money as an original investor is gone because of the fallen value of a struggling bank you did not monitor and the money the government is putting in to save your investment. If the bank is getting seriously heavy losses, then you might even get zero!

Professor of Finance at Iyana Ipaja International University, it is your fcking responsibility as a shareholder to monitor your investment so you don't lose it, not for the government to save it for you and pay you for any losses.

For you na rocket science o!

You don talk am finish jare!

An investor is supposed to closely monitor his investments and seek information that will help him make the right decisions concerning his portfolio.

It is your business if you don't and something negative happens

Cocao:


You don talk am finish jare!

An investor is supposed to closely monitor his investments and seek information that will help him make the right decisions concerning his portfolio.

It is your business if you don't and something negative happens

Abi o!

Soko, soko

Oya soko soko ...

Cocao:


You don talk am finish jare!

An investor is supposed to closely monitor his investments and seek information that will help him make the right decisions concerning his portfolio.

It is your business if you don't and something negative happens

you and sagamite can now go and live happily ever after

Ok

silastemplar:
you and sagamite can now go and live happily ever after

Sagamite is gay

Cocao:


Eh... Investors are not the main focus of AMCON or CBN or NDIC.

Depositors are. Depositors are considered to be doing their businesses in good faith and shouldn't suffer any loss.

If after every every, there is extra money, then investors comes next.

You can put in this order

Insured Depositor first and most important
Uninsured depositor
Creditors
Lastly shareholders

Lobatan

Sagamite:


When idiotic Nigerians decide to become vocal public expert on issues they are ignorant about, they deserve to be well blasted!

It is a typical trait of the fooooools that populate the country.

Funny enough all those people who make stupid and unrelated comment won't post on this topic.
If na to make noise and make stupid comments you go see them.
We have A lot of loud mouthed, empty skulled Nigerians.
Where una dey??We are talking Finance, where una dey??
Your right Sagamite.

Sagamite:


That was the "Finance" you were taught at your Iyana Ipaja International University, Olodo?

Why should they be given the same % value of the old bank they had before in the new bank? Because government money is free for private investors, Professor of Finance (Iyana Ipaja International University)?

Go shut-up and siddon somewhere, this is rocket science to people like you.

Here is the lecture for you that Iyana Ipaja International University did not teach you during your "world class" degree in Finance:

When you are or decide to be an investor in a company, whether publicly-listed or private, it is then your responsibility to ensure that the company is well ran according to the laws of the country and profitably, otherwise your money is at risk.

You do this by:

1) Either having a representative on the board, who are people there to monitor the CEO and Senior Managers as representatives of the shareholder; you have this if you are a significant shareholder

2) Or you monitor the company privately by reading annual reports (if you are a small shareholder) and pull your money out if you feel the CEO and Senior Managers are reckless or not providing the financial/ethical benefits you desire

In most publicly listed companies, the government would not give a flyingshit if a company is reckless and fails, but as banks are heavily linked to the economy as they hold people's money and fund the economy, they cannot afford to standby and watch recklessness. So they take over.

When they take over, they are putting in taxpayer's funds to buy a struggling bank, which is now automatically devalued. So a good portion of your money as an original investor is gone because of the fallen value of a struggling bank you did not monitor and the money the government is putting in to save your investment. If the bank is getting seriously heavy losses, then you might even get zero!

Professor of Finance at Iyana Ipaja International University, it is your fcking responsibility as a shareholder to monitor your investment so you don't lose it, not for the government to save it for you and pay you for any losses.

For you na rocket science o!

Mr. VC of finance, you might have made sense but your lack of simple etiquette and manner of approach is worrisome. Since October 1st 1960, I have never seen anyone as rude and pompous as you are. Teach, not insult

Simonrom:



Mr. VC of finance, you might have made sense but your lack of simple etiquette and manner of approach is worrisome. Since October 1st 1960, I have never seen anyone as rude and pompous as you are. Teach, not insult

You have no idea how annoying it is when people comment on matters they know nothing about.
This is the reason why we have some many fake news and false information out there.
This is the major reason why our country is not developing.
Sometimes, you have to be rude to get your message across.

dnapstar:

You have no idea how annoying it is when people comment on matters they know nothing about.
This is the reason why we have some many fake news and false information out there.
This is the major reason why our country is not developing.
Sometimes, you have to be rude to get your message across.

But this is a Forum is not an academic platform Dumb stupid comments are allowed, even in our universtities you get even dumber comments from students but its all ok . People with better knowledge can put the facts right with proper evidence. We can all learn and grow. There is no need to be rude and insulting. We are supposed to be celebrating today you know!

ntyce:



Won't respond to your vitrols afterwards, cos you are damn too rude.
The bank stopped borrowing from CBN lending window in 2017....
The mgts term was extended by 2 years last July, 3 months after you decide to handover to Amcon saying it needs to recapitalize and the same board is left to continue managing ...
Who is fooling who?

I still maintain that the bridge bank was created to take it away from the shareholders.

It's a vendetta against Ayeni and co.

I am however happy with that option.

The CBN governor says they are continuously funding.

The bank says they exited funding in 2017.

Guess who decides the truth?

The courts!!!

Let the shareholders go to court and sue the CBN for unlawfully taking their asset. Afterall, these sought of things are done based on a set of agreed rules, so if they feel they have not broken any rules to justify the action, then they can sue.

The managements current good performance is very unlikely to matter if the rule of capitalisation has not been resolved. Highlighting pieces of achievement is meaningless nonsense.

The fact that the new board and exec were not changed is not really an excuse. If the CBN has always had grounds to takeover the bank but did not do it earlier is not excuse not to takeover the bank. Delayed correction does not mean correction is wrong.

As for "It's a vendetta against Ayeni and co.", sorry, that just sounds like a typical claim of "victimisation" nonsense Nigerians engage in even when they are wrong. Like when a crooked politician living as a millionaire after a career in civil service is arrested for corruption and then he and his supporters start say "It is political".

The numbers are there, if you feel it is not justified to takeover and it is just "victimisation", then go to court.

diebuhari1:

Sagamite is gay

Your entire generation and lineage are!

Sagamite:


Your entire generation and lineage are!

Lol Sagaymite the cretinoùs fùcktard back then.

Simonrom:



Mr. VC of finance, you might have made sense but your lack of simple etiquette and manner of approach is worrisome. Since October 1st 1960, I have never seen anyone as rude and pompous as you are. Teach, not insult

You are damn right on the bolded, nigga!

I have already taught.

When I see a blatantly stupid statement, I get a hammer and scatter the skull, then put knowledge in it.

It is up to the newly educated to put his skull back together. I have ensured the knowledge entered it. Not "in through one ear and out the next" because of the recipient's pride and defiance.

Sagamite I learnt alot today Buh I gotta say it to pass a message you shouldn't be so rude.

ntyce:
This was the real intention of CBN, to take the bank from the shareholders...
CBN said the new mgt performed well yet you sold to Amcon?

There are buyers on ground, nothing was wrong with Skye

Hmmm.

dnapstar:

You have no idea how annoying it is when people comment on matters they know nothing about.
This is the reason why we have some many fake news and false information out there.
This is the major reason why our country is not developing.
Sometimes, you have to be rude to get your message across.

No min am!

He has no clue how things link together in destroying society.

He has no understanding of Nigerians and the best and most efficient way of making sure they learn.

It is typical of a Nigerian who did not study engineering, has never built a sub-marine and has never read about building a sub-marine, being the first to rise up and vocally make assertions how a sub-marine should be built with some unique aplomb!

A country of beer-parlour Professors.

No wonder the country is a shithole, everything made in the country by the people are shit and there is a heavy need for expatriates to help improve on quality.

He has not intellectually evolved to think that way, but he is silently priding himself say im be gentleman.

Who gentleman epp for Naija?

Sagamite:


That was the "Finance" you were taught at your Iyana Ipaja International University, Olodo?

Why should they be given the same % value of the old bank they had before in the new bank? Because government money is free for private investors, Professor of Finance (Iyana Ipaja International University)?

Go shut-up and siddon somewhere, this is rocket science to people like you.

Here is the lecture for you that Iyana Ipaja International University did not teach you during your "world class" degree in Finance:

When you are or decide to be an investor in a company, whether publicly-listed or private, it is then your responsibility to ensure that the company is well ran according to the laws of the country and profitably, otherwise your money is at risk.

You do this by:

1) Either having a representative on the board, who are people there to monitor the CEO and Senior Managers as representatives of the shareholder; you have this if you are a significant shareholder

2) Or you monitor the company privately by reading annual reports (if you are a small shareholder) and pull your money out if you feel the CEO and Senior Managers are reckless or not providing the financial/ethical benefits you desire

In most publicly listed companies, the government would not give a flyingshit if a company is reckless and fails, but as banks are heavily linked to the economy as they hold people's money and fund the economy, they cannot afford to standby and watch recklessness. So they take over.

When they take over, they are putting in taxpayer's funds to buy a struggling bank, which is now automatically devalued. So a good portion of your money as an original investor is gone because of the fallen value of a struggling bank you did not monitor and the money the government is putting in to save your investment. If the bank is getting seriously heavy losses, then you might even get zero!

Professor of Finance at Iyana Ipaja International University, it is your fcking responsibility as a shareholder to monitor your investment so you don't lose it, not for the government to save it for you and pay you for any losses.

For you na rocket science o!

If you are correcting someone whom you deem to be wrong is it a must to insult the person, we are all in the process of learning till we die , no one is perfect, so please and please don’t insult others while correcting them .

SoNature:
It's better we have a few strong banks than several unhealthy banks.

I thought AMCON was established to protect investors' deposits, thus kicking the era of investors losing money into obsolescence.

If Skye investors will lose their investments, then what's the difference between Nigerian banks from the now-defunct MMM?

Which means if First Bank or GTBank collapses, investors will also lose their deposits.

I personally think deposits r insured by NDIC.... but the issue is that of shares...meaning all investors will lose their money.This is sad...like someone mentioned above just like MMM.

samvega:



But this is a Forum is not an academic platform Dumb stupid comments are allowed, even in our universtities you get even dumber comments from students but its all ok . People with better knowledge can put the facts right with proper evidence. We can all learn and grow. There is no need to be rude and insulting. We are supposed to be celebrating today you know!

Nah!

Stupid comments should not be allowed, stupid questions are!

A person with a brain, who does not know about something, would not make assertions; the person would ask questions.

I know in Iyana Ipaja International University stupid comments are even "facts", not in the university I attended.

joegigs:
Sagamite I learnt alot today Buh I gotta say it to pass a message you shouldn't be so rude.

Siddon there!

You will soon start appreciating my style if you spend more time on NL.

Laggatumuch:

If you are correcting someone whom you deem to be wrong is it a must to insult the person, we are all in the process of learning till we die , no one is perfect, so please and please don’t insult others while correcting them .

Let it be on the record that he just got high quality education and has learnt in a bootcamp.

Great500:
I personally think deposits r insured by NDIC.... but the issue is that of shares...meaning all investors will lose their money.This is sad...like someone mentioned above just like MMM.

If you call those that put their money in MMM "investors", then you need you head examined!

dnapstar:

You have no idea how annoying it is when people comment on matters they know nothing about.
This is the reason why we have some many fake news and false information out there.
This is the major reason why our country is not developing.
Sometimes, you have to be rude to get your message across.

If you correct in rudeness, people will miss the message, no one knows it all , we are all learning, so correction is allowed but not correction with insults. We should correct others and also be willing to be corrected, and also apologize to those we have insulted, in doing this the world will be a better place. Any correction with insults is no correction at all

Bashing cant make you popular

Patrinus:
Any bank outside Firstbank and Stanbic bank, my hand no dey dia.

First Bank is not stable

Laggatumuch:

If you correct in rudeness, people will miss the message, no one knows it all , we are all learning, so correction is allowed but not correction with insults. We should correct others and also be willing to be corrected, and also apologize to those we have insulted, in doing this the world will be a better place. Any correction with insults is no correction at all

Your right my frnd.
Don't also forget that people have the right to be angry also.
Which is why I really understand his anger.