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N537m Debt: Court Clears Duke After N350m Payment - Politics (2) - Nairaland

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Re: N537m Debt: Court Clears Duke After N350m Payment by henryadex(m): 5:53pm On Sep 11, 2019
steal from government, efcc discoveres a tip of the iceberg return a little of the discovered amount, enjoy the rest loot all your days on earth

Re: N537m Debt: Court Clears Duke After N350m Payment by YorubaKing: 5:53pm On Sep 11, 2019
9jatriot:
All you needed to do not to ask about the balance was read or even scan through the news.

So if AMCON non hold the guy for brocus, he for non pay?


The OOC settlement isn't fair to the poor people of his state he robbed, simple! They agreed cuz they're all the same Bastar.d! angry
Re: N537m Debt: Court Clears Duke After N350m Payment by kutashi: 5:54pm On Sep 11, 2019
YorubaKing:
Rubbish! So what about the N187 Million balance? angry Yet, they'll jail the common man for stealing bread and other petty items.

Everything about the Nigerian system reeks of corruption. The air we breathe, the water we drink. the land we walk, the clothes we wear, the food we eat... I mean everything, all and all about Nigeria is CORRUPT! angry
The first payment is just to close the case @ the court possibly safe his face while the remaining 187m will be spread @ an agreed installment. And if u read carefully, the lawyer said "over 350m". That's how settlement of debt works if you cannot @ once!
Re: N537m Debt: Court Clears Duke After N350m Payment by 9jatriot(m): 5:54pm On Sep 11, 2019
I think this money is more of a business loan than financial case in the state I think.

Duke did well in his state during his time I believe
YorubaKing:


The OOC settlement isn't fair to the poor people of his state he robbed, simple! They agreed cuz they're all the same Bastar.d! angry
Re: N537m Debt: Court Clears Duke After N350m Payment by renewable1(m): 5:54pm On Sep 11, 2019
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Re: N537m Debt: Court Clears Duke After N350m Payment by inereunwa1(m): 5:55pm On Sep 11, 2019
vedaxcool:
If Atiku son of cumrruption was president he would have said free Duke my guy wink wink
hmmm as if your SAINT Buhari is free from corruption !!!! let's wait until he leaves office!!!!!!!!
Re: N537m Debt: Court Clears Duke After N350m Payment by Nobody: 6:01pm On Sep 11, 2019
YorubaKing:
Rubbish! So what about the N187 Million balance? angry Yet, they'll jail the common man for stealing bread and other petty items.

Everything about the Nigerian system reeks of corruption. The air we breathe, the water we drink. the land we walk, the clothes we wear, the food we eat... I mean everything, all and all about Nigeria is CORRUPT! angry

While I agree with you but I must also state that the common man should stop stealing bread and other petty item's or else he will rot in jail.

The law wasn't established to start comparing between what the common man stole from what the rich man stole.

You can't use the stealing of a rich man to justify the criminal acts of a common man, that's illogical and a relegation of common sense and critical thinking.

1 Like

Re: N537m Debt: Court Clears Duke After N350m Payment by YorubaKing: 6:04pm On Sep 11, 2019
byrron:


While I agree with you but I must also state that the common man should stop stealing bread and other petty item's or else he will rot in jail.

The law wasn't established to start comparing between what the common man stole from what the rich man stole.

You can't use the stealing of a rich man to justify the criminal acts of a common man, that's illogical and a relegation of common sense and critical thinking.

I agree with the fact that we should be responsible for our actions but, the activities of the miscreants at the top is consequential to those beneath...

Re: N537m Debt: Court Clears Duke After N350m Payment by Nobody: 6:05pm On Sep 11, 2019
YorubaKing:


I agree with the fact that we should be responsible for our actions but, the activities of the miscreants at the top is consequential to those beneath...

I agree with you but the law isn't interpreted and adjudicated by those considerations.
Re: N537m Debt: Court Clears Duke After N350m Payment by banji1(m): 6:06pm On Sep 11, 2019
Thats how our money keeps being frittered away.

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Re: N537m Debt: Court Clears Duke After N350m Payment by Nobody: 6:14pm On Sep 11, 2019
But latheef,moshoodi and co who took just stuffs from ShopRite in protest to South Africans killing our "brothers" and returned them when police found out are about to be jailed undecided

1 Like

Re: N537m Debt: Court Clears Duke After N350m Payment by Liveair: 6:58pm On Sep 11, 2019
Smart Duke. He waited to be taken to court so he'll settle out of court for less than he owed.

From his days as Governor of Cross River State, he remains, in my opinion, the most outstanding Governor to ever rule any state.

Is it his Tinapa. Is it the massive Agric programmes. Is it the Introduction of world class sanity and cleanliness to the streets of Calabar.
How about the World renowned Calabar Carnival.

Nigeria has high rate of illiteracy and poorly exposed populace, if not, he should simply have risen to the presidency. Even OBJ who could have achieved that preferred Yar'adua.

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Re: N537m Debt: Court Clears Duke After N350m Payment by SuperS1Panther: 7:03pm On Sep 11, 2019
So he has money to pay before?
Re: N537m Debt: Court Clears Duke After N350m Payment by DeviIhimseIf: 7:23pm On Sep 11, 2019
[s]
SuperS1Panther:
So he has money to pay before?
[/s]
Re: N537m Debt: Court Clears Duke After N350m Payment by CyberEBOLA(m): 8:07pm On Sep 11, 2019
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Re: N537m Debt: Court Clears Duke After N350m Payment by AceVentura: 8:40pm On Sep 11, 2019
YorubaKing:
Rubbish! So what about the N187 Million balance? angry Yet, they'll jail the common man for stealing bread and other petty items.

Everything about the Nigerian system reeks of corruption. The air we breathe, the water we drink. the land we walk, the clothes we wear, the food we eat... I mean everything, all and all about Nigeria is CORRUPT! angry

In finance, full & final payment is acceptable. Don’t forget that a large portion of the debt is accrued interest.

Las las, AMCON didn’t lose.

In other news, Oga has repatriated $1M only from the stash abroad.
Re: N537m Debt: Court Clears Duke After N350m Payment by Cashmanbreeze: 10:18pm On Sep 11, 2019
YorubaKing:
Rubbish! So what about the N187 Million balance? angry Yet, they'll jail the common man for stealing bread and other petty items.

Everything about the Nigerian system reeks of corruption. The air we breathe, the water we drink. the land we walk, the clothes we wear, the food we eat... I mean everything, all and all about Nigeria is CORRUPT! angry

So much ignorance in one post.
You should have checked for the initial amount he borrowed minus the interest.
Then you consider how much AMCON acquired the debt from the commercial bank(s) involved.

Out of court settlements are legal and applied the world over. Didn't you hear that Nigeria agreed an out of court settlement of $850m with PFID on a judgement of over $6b.

People should learn not to expose their ignorance on topics far above their intelligence realm.
Re: N537m Debt: Court Clears Duke After N350m Payment by fyneguy: 10:32pm On Sep 11, 2019
This system is so so unfair.

The rich can easily go away with things.

So, Duke walked away with N187M. SMH
Re: N537m Debt: Court Clears Duke After N350m Payment by executive12: 10:52pm On Sep 11, 2019
ayomilore:
This man is one of the very few former governors who did not loot our treasury
otherwise he wouldn't have found himself in this condition.

How did you know he did not loot?

1 Like

Re: N537m Debt: Court Clears Duke After N350m Payment by executive12: 11:00pm On Sep 11, 2019
kutashi:

The first payment is just to close the case @ the court possibly safe his face while the remaining 187m will be spread @ an agreed installment. And if u read carefully, the lawyer said "over 350m". That's how settlement of debt works if you cannot @ once!

Nope. It's actually you that should read carefully. The statement said that the court has cleared him of the debt after paying #350m as final settlement. That means he will not pay the balance of #187m. That has been written off.
Re: N537m Debt: Court Clears Duke After N350m Payment by yoyo4456: 6:31am On Sep 12, 2019
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Re: N537m Debt: Court Clears Duke After N350m Payment by Dreek: 8:59am On Sep 12, 2019
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Re: N537m Debt: Court Clears Duke After N350m Payment by Dreek: 10:55pm On Oct 05, 2019
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