₦airaland Forum

topboss1:
[s][/s]


moronic post from an igbo obsessed afonja.


we know the Dein of Agbor is from Benin, we will soon dethrone him and send him packing.


The Oba of Ogba will be dethroned. These are people Oba of Benin put in place during colonial times after invasions.


It will only take us one day to deal with these people .

Anambralstson:
Start physical campaign not keyboard warrior

LegendHero:
God bless you.

Most of these guys are educated illiterate that just follow the bandwagon effect of shouting they can cripple lagos without no convincing evidence to back their assertions.

topboss1:
I dont want war with you, i want to live completely separate from u.


I dont want to share nationality or identity with you, i want my own.

Anambralstson:
FirstBank commenced business in 1894 in what was then the British colony of Nigeria, as the Bank of British West Africa.[9] The bank originally served British shipping and trading agencies in Nigeria. The founder, Alfred Lewis Jones, was a shipping magnate who originally had a monopoly on importing silver currency into West Africa through his Elder Dempster shipping company. According to its founder, without a bank economies were reduced to using barter and a wide variety of mediums of exchange, leading to unsound practices. A bank could provide a secure home for deposits and also a uniform medium of exchange. The bank primarily financed foreign trade, but did little lending to indigenous Nigerians, who had little to offer as collateral for loans.

Post-independence
After Nigeria's independence in 1960, the Bank began to extend more credit to indigenous Nigerians. At the same time, citizens began to trust British banks since there was an 'independent' financial control mechanism and more citizens began to patronise the new Bank of West Africa.

In 1965, Standard Bank acquired the Bank of West Africa and changed its acquisition's name to Standard Bank of West Africa. In 1969, Standard Bank of West Africa incorporated its Nigerian operations under the name Standard Bank of Nigeria. In 1971, Standard Bank of Nigeria listed its shares on the Nigerian Stock Exchange and placed 13% of its share capital with Nigerian investors. After the end of the Nigerian civil war, Nigeria's military government sought to increase local control of the retail-banking sector. In response, now Standard Chartered Bank reduced its stake in Standard Bank Nigeria to 38%. Once it had lost majority control, Standard Chartered wished to signal that it was no longer responsible for the bank and the bank changed its name to First Bank of Nigeria Limited in 1979. By then, the bank had re-organized and had more Nigerian directors than ever.

In 1991 the Bank changed its name to First Bank of Nigeria Plc following listing on The Nigerian Stock Exchange. In 2012, the Bank changed its name again to First Bank of Nigeria Limited as part of a restructuring resulting in FBN Holdings Plc ("FBNHoldings", having detached its commercial business from other businesses in the FirstBank Group, in line with the requirements of the Central Bank of Nigeria. FirstBank had 1.3 million shareholders globally, was quoted on The Nigerian Stock Exchange (NSE), where it was one of the most capitalised companies and also had an unlisted Global Depository Receipt (GDR) programme, all of which were transferred to its Holding Company, FBN Holdings in December 2012.

In 1982 FirstBank opened a branch in London, which it converted into a subsidiary, FBN Bank (UK), in 2002. Its most recent international expansion was the opening in 2004 of a representative office in Johannesburg, South Africa. In 2005 it acquired FBN (Merchant Bankers) Ltd. Paribas and MBC International Bank Ltd, a group of Nigerian investors, had founded MBC in 1982 as a merchant bank, and it became a commercial bank in 2002.

In June 2009, Stephen Olabisi Onasanya was appointed Group Managing Director/Chief Executive Officer, replacing Sanusi Lamido Sanusi, who had been appointed Governor of the Central Bank of Nigeria. Onasanya was formerly Executive Director of Banking Operations & Services. He retired on 31 December 2015 and Adesola Adeduntan took over as Managing Director/Chief Executive Officer, First Bank of Nigeria Ltd and Subsidiaries effective 1 January 2016,

Osaze007:
Looool even kanu threatened to blow up Yoruba churches

kayfra:
Access bank is Edo. Aig owns the highest shares while Hubert is after him

Zenith is Delta owned. Cut the crap. Jim Ovia is not Igbo, he is Agbor. Just try telling the Dein of Agbor that they are Igbo. He'll kill you

UBA too isn't Igbo. It's more national in ownership

Cut the crap

LegendHero:
All what you wrote here are just stories about how the bank evolved. What I’m asking you is who are the current owners of FBN.

The current owner of first bank now is[b] FBN holdings[/b], they have lot of investments under them which includes: Firstbank of Nigeria, FBN Quest Merchant bank, FBN Insurance, FBNBank Ghana, FBN Quest Capital, FBN General Insurance to mention a few.

Currently the chairman of FBN Holdings Plc is Dr. Oba Otudeko CFR. Oba Otudeko (CFR) and he also owns Honeywell Group Limited.

Forget all those long boring stories. Below are the shareholders of FBN and you can see that Otudeko is the Nigerian with the largest shareholding in that company. We also have Hassan Odukale in that list and if we call it Yoruba bank, we are still in touch.

Investments of such magnitude always attract foreign investors so it’s not a new thing.

Osaze007:
Mumu no be you write economic war
Then pack your bags and leave their land

kayfra:
The first logical step for you is to pack your bags and relatives then leave the SW

God will take care of the rest IJN

Anambralstson:
Zenith and UBA are owned by Igbos, Access Bank was taken over by a core of new management led by Aigboje Aig-Imoukhuede and Herbert Wigwam from Rivers, mind you Pascal Dozie now control large stake in Access Bank with the new merger of both banks

Anambralstson:
Zenith and UBA are owned by Igbos, Access Bank was taken over by a core of new management led by Aigboje Aig-Imoukhuede and Herbert Wigwam from Rivers, mind you Pascal Dozie now control large stake in Access Bank with the new merger of both banks

topboss1:
First logical step is to remove your ragtag military from our land. No python or cobra dance becos we want to leave u.

Give us referendum and then as part of the separation package, our people living in the capital cities will relocate home.

ALready many are doing so now as we are even making preparation for a potential break up of Nigeria.

Do your part and let the igbos go, pharaoh.

LegendHero:
All what you wrote here are just stories about how the bank evolved. What I’m asking you is who are the current owners of FBN.

The current owner of first bank now is FBN holdings , they have lot of investments under them which includes: Firstbank of Nigeria, FBN Quest Merchant bank, FBN Insurance, FBNBank Ghana, FBN Quest Capital, FBN General Insurance to mention a few.

Currently the chairman of FBN Holdings Plc is Dr. Oba Otudeko (CFR) and he also owns Honeywell Group Limited.

Forget all those long boring stories. Below are the shareholders of FBN and you can see that Otudeko is the Nigerian with the largest shareholding in that company. We also have Hassan Odukale in that list and if we call it Yoruba bank, we are still in touch.

Investments of such magnitude always attract foreign investors so it’s not a new thing.

https://m.marketscreener.com/FBN-HOLDINGS-PLC-12121261/company/

Osaze007:
See this liar
Access bank is owned by edos pascal the failure has been kicked out it’s an acquisition not a merger

Zenith bank is owned by deltans with Dangote owning a major chunk ugbo has denied Biafra

Uba now belongs to foreigners


You only have fidelity owned by him tu lie and it’s a 3rd grade bank

kayfra:
Nobody will stop you from relocating back to your ancestral land. You can start agitations when you get there.

Don't you have no shame? An economic refugee making empty threats and he doesn't want to leave the land of his benefactors even though he thinks he is in competition with them

kayfra:
Pascal sold out his shares. He isn't any major stakeholder. He has no say

Access is a SS bank

UBA is owned by foreign conglomerates. They have the biggest share capital

topboss1:
First logical step is to remove your ragtag military from our land. No python or cobra dance becos we want to leave u.

Give us referendum and then as part of the separation package, our people living in the capital cities will relocate home.

ALready many are doing so now as we are even making preparation for a potential break up of Nigeria.

Do your part and let the igbos go, pharaoh.

Anambralstson:
I believe you don't understand the meaning of merger and acquire

How Access, Diamond Bank Merger’ll Trigger Fresh Competition among Banks
The planned merger of Access Bank Plc and Diamond Bank, which took stakeholders by surprise last week, may trigger a fresh competition among money deposit banks in the country. The merger if it pulls through is expected to create the largest bank in Nigeria by assets size, a position Zenith Bank Plc with an asset base of N5.595 trillion as at December 31, 2017, occupies at present, and which it is not ready to relinquish without a fight, going by the prestige and business status it confers on the money lender. First Bank which comes second with N4.949 trillion and GTBank with N3.335 trillion and third in assets base are also not likely to give up their positions without a push.

The coming year, therefore, is likely to be very challenging in the banking industry based on the steady and continuous slide in the price of crude oil in the international market, a situation that has eroded the profitability of many banks, in an economy that depends 80 per cent on oil revenue and public sector funds. For a bank to be profitable and remain in the front seat in the years ahead, such would of necessity need to grow its size both in assets and shareholders’ funds.

Next year, therefore, is likely to be a high pressure year for Nigerian banks in terms of maintaining their held positions and seeking for new businesses. Therefore, the size of a bank, especially its assets base and shareholders’ funds would determine the type and level of business it would likely accommodate. And with the general elections coming up in the first quarter of 2019, banks are likely to face increased pressure on their finances as politicians would move for the available funds to support their campaigns. Thus to hedge against collapse and to meet up with obligations to their customers, banks may likely be rushing to the Central Bank of Nigeria (CBN) credit window or the Capital market to raise funds either by Rights Issues, Public Offer or both.

The big four: Zenith, First Bank, GTBank and Access, because of their size, may not likely feel much of the pressure but for the middle level and small banks, there would certainly be increased pressure on their finances and their vaults. This may trigger mergers or acquisitions.

https://www.accessbankplc.com/pages/Media/access-news/How-Access,-Diamond-Bank-Merger%E2%80%99ll-Trigger-Fresh-C.aspx

Anambralstson:
He owns 1.5% shares, 1.5% doesn't make First bank a Yoruba bank

LegendHero:
All what you wrote here are just stories about how the bank evolved. What I’m asking you is who are the current owners of FBN.

The current owner of first bank now is FBN holdings , they have lot of investments under them which includes: Firstbank of Nigeria, FBN Quest Merchant bank, FBN Insurance, FBNBank Ghana, FBN Quest Capital, FBN General Insurance to mention a few.

Currently the chairman of FBN Holdings Plc is Dr. Oba Otudeko (CFR) and he also owns Honeywell Group Limited.

Forget all those long boring stories. Below are the shareholders of FBN and you can see that Otudeko is the Nigerian with the largest shareholding in that company. We also have Hassan Odukale in that list and if we call it Yoruba bank, we are still in touch.

Investments of such magnitude always attract foreign investors so it’s not a new thing.

https://m.marketscreener.com/FBN-HOLDINGS-PLC-12121261/company/

Anambralstson:
Emeka Emuwa is the CEO, managing director of Union bank and he control 0.18% shares in Union bank, being the highest individual shareholder, it dosent make him the owner of Union bank, the was a bank one of your Ignorant brother listed as Yoruba bank

LegendHero:
Lol, you don’t know how things work. Read about Shareholdings in companies and how it works.

Do you know some companies put up less than a certain percentage of the ownership for public sale? For example they may say we are only putting up 30% of the ownership for public sale.

They usually do this to mitigate against the situation where people not within their caucus will own a controlling interest in the company.

Anambralstson:
Stop deceiving yourself First bank isn't own by Yorubas

Anambralstson:
Stop deceiving yourself First bank isn't own by Yorubas

Anambralstson:
You guys might tax higher because Ogun state economy doesn't control by indegenous, unlike Anambra that the industries, markets are strongly control by indegenous. However IGR doesn't measure economy.
Let compare both with pictures, picture says lot.

LegendHero:
See UBA bank that you are calling Igbo bank? Heir holdings which Tony Elumelu owns only held 5.4% of the Shares.

What do you have to say to this? By your analogy, can you see Tony Elumelu do not own UBA bank?

LegendHero:
See UBA bank that you are calling Igbo bank? Heir holdings which Tony Elumelu owns only held 5.4% of the Shares.

What do you have to say to this? By your analogy, can you see Tony Elumelu do not own UBA bank?

LegendHero:
Can you also see Jim Ovia only had 11.3% shares in Zenith bank and yet you claimed Igbos owned the bank.

But you know Jim Ovia is always credited in the media to own Zenith bank and yet he owns just 11.3% of the shares.

What does all this tells you about the ideology of shareholding I told you to read up?

Anambralstson:
Tony Elumelu is the owner of Heirs holding

Osaze007:
He knows it’s called goal shifting that’s what happens when you counter igbos their next strategy is goal post shifting

LegendHero:
Yes I know he owns Heir Hodings. What I’m saying is that Heir holdings only hold 5.4% of the shares in UBA bank.

This explains Tony Elumelu does not own the bank like you pointed out to me about Otudeko not owning firstbank because of the shares percentage.

I told you how shareholding works and how companies most time reserve a certain part of what could be bought to mitigate the effect of someone buying up a stake to control the company from the inner caucus.

Anambralstson:
I believe you don't understand the meaning of merger and acquire

How Access, Diamond Bank Merger’ll Trigger Fresh Competition among Banks
The planned merger of Access Bank Plc and Diamond Bank, which took stakeholders by surprise last week, may trigger a fresh competition among money deposit banks in the country. The merger if it pulls through is expected to create the largest bank in Nigeria by assets size, a position Zenith Bank Plc with an asset base of N5.595 trillion as at December 31, 2017, occupies at present, and which it is not ready to relinquish without a fight, going by the prestige and business status it confers on the money lender. First Bank which comes second with N4.949 trillion and GTBank with N3.335 trillion and third in assets base are also not likely to give up their positions without a push.

The coming year, therefore, is likely to be very challenging in the banking industry based on the steady and continuous slide in the price of crude oil in the international market, a situation that has eroded the profitability of many banks, in an economy that depends 80 per cent on oil revenue and public sector funds. For a bank to be profitable and remain in the front seat in the years ahead, such would of necessity need to grow its size both in assets and shareholders’ funds.

Next year, therefore, is likely to be a high pressure year for Nigerian banks in terms of maintaining their held positions and seeking for new businesses. Therefore, the size of a bank, especially its assets base and shareholders’ funds would determine the type and level of business it would likely accommodate. And with the general elections coming up in the first quarter of 2019, banks are likely to face increased pressure on their finances as politicians would move for the available funds to support their campaigns. Thus to hedge against collapse and to meet up with obligations to their customers, banks may likely be rushing to the Central Bank of Nigeria (CBN) credit window or the Capital market to raise funds either by Rights Issues, Public Offer or both.

The big four: Zenith, First Bank, GTBank and Access, because of their size, may not likely feel much of the pressure but for the middle level and small banks, there would certainly be increased pressure on their finances and their vaults. This may trigger mergers or acquisitions.

https://www.accessbankplc.com/pages/Media/access-news/How-Access,-Diamond-Bank-Merger%E2%80%99ll-Trigger-Fresh-C.aspx