₦airaland Forum

Obat is broke I think ..

N5billion loan

Very soon they will compel banks to recapitalise after sharing the money among the elite.

Odkosh:
No nnewi man get 2billion, stop your lies

Sorry ooo, majority of small small boys at Nkwo have more than 3 billon naira

N5billion loan Very soon they will compel banks to recapitalise after sharing the money among the elite.

bunto:
I phone twelvepro unboxed but new 6gb/l28gb graphite (dark gold). 500k
Zero 8 zero 987387 four zero

Why are you selling ?

5b did he use the money to buy a state

inoki247:
maybe when Nigeria no fit pay back Chinese loan na so Court go say mak dem sell the country.

Is gonna be a GOOD NEWS. I am tire of the whole board of Management since 1960

NwaNimo1:
N5 Billion debt?

[img]https://media./images/ac5ecb53eda4d3011be648f4873987ac/tenor.gif[/img]

In the current climate the hotel no go fetch N1 Billion.

Nnewi man go soon own am!

Hehehehe.
May sound funny at first but, this is a very possible outcome at the end.

12345baba:
e go fetch that location were e dey na better location

Hotel plus office complex plus filling station in Wuse CBD. It's worth more than 10 billion sef.

rottable:
For a common businessman to get a loan of 1million na war

Do you do business and you actually need 1m to invest in your business? Dont approach you bank for loan. Ask for a TOD, ie overdraft. The conditions are more flexible that term loan.

Point of correction!!

The King did not borrow money from the bank, but his company. Therefore, he is not indebted to the bank. He is just the chairman of the Oil company, by virtue of being the highest shareholder.

Affordable men clothing payment on delivery within Lagos and Nationwide dispatch

Focusmind:
Banks do not finance shop hiring but they can finance importation of goods to be sold. Be creative again and present a bankable proposal. Your case is like asking a bank for a loan to pay for a house rent.

Banks provide working capital in different forms, not just Import Financing or loans local purchase of raw materials. If the business has good financials and can show evidence of good cashflow (or potential good cashflow), he can be availed an overdraft or other form of working capital Finance which will also be available for operational expenses.

I do agree with that he has to be creative in his presentation though.

Odkosh:
No nnewi man get 2billion, stop your lies

Who tell you?..How many Nnewi men do you know?

Paxxcarl:
uba no get pass 2billion naira?
or innosson is not worth more than 2bili?
you no just get brain ewu

uba is a bank, an organisation. Stop your lie. Brain dead.

IgboWarlord:
Who tell you?..How many Nnewi men do you know?

How many of them do you know that get that.

samwillyco1:
Sorry ooo, majority of small small boys at Nkwo have more than 3 billon naira

Keep fooling your self.

DarkJeddi:
You must be mistaking Nnewi with your village people..

If I tear you slap. Nnewi ko, nnewa ni

Odkosh:
uba is a bank, an organisation. Stop your lie. Brain dead.

ifeanyi uba you bastard
the number of dumbos on nairaland
you better geddifok
ezi mbida

Paxxcarl:
ifeanyi uba you bastard
the number of dumbos on nairaland
you better geddifok
ezi mbida

Your family is a bastard.

I repeat, no nnewi man has 2billion. Go and die.

Odkosh:
Your family is a bastard.

I repeat, no nnewi man has 2billion. Go and die.

your family is dead already
live with it fool

We are not surprised with the judgement of the court as regard OBAT indebtedness to ECO bank. Barely 3 years Ago, He was invited and detained by EFCC for financial impropriety and he's particular owning AMCON 16billion naira before his release was secured.

Subsequently Sky bank also sued him over indebtedness to the tune of 1.5billion which eventually led to seizure of his Oil storage facilities.

There is also a disagreement over a certain payment that was credited to his account which led to a court proceedings between him and a Oil marketer and UBA bank.

Despite all this financial improprieties, i wonder why some publication still call him the richest king in Nigeria.

And i know as a matter of fact that Obat is still in negotiating with some financial institutions in Nigeria over debt own by him to avoid court litigation.

With all this profile of financial  indebtedness people are still parading him and wrongly classify him as the richest Monarch in nigeria.

Am challenging all these publishers calling him the richest king in Nigeria to now tell us who is the most indebted Monarch in Nigeria. The answer willl still boil down to the same person if properly assessed.

Try to avoid creating a negative impression to the public.