₦airaland Forum

seanfer:
Putin is just trying to play stubborn. The agreement signed with the European buyers stated that Euro and Dollars will be mode of payment.

Penguin2:
How many Yoruba assets or pieces of land did Igbos take by force?

Everything Igbos own, they bought with their sweat.

So where’s your statement coming from?

AsiwajuOfPeePoo:
Jonathan in trying to have Tinubu jailed to me is genesis of the situation we are in.
Tinubu on the other hand allowed anger to becloud his sense of reasoning by support a tribal and Islamic terrorist.
Yoruba has a problem and that problem is Igbophobia.

PrinceOfLagos:
Tinubu will regret ever daring president buhari keep this date

Wait and see what Buhari will do to Tinubu for daring him to a dirty fight when he returns

Mynd44:
I made a mistake. I mean the ticket is now between SW and SS

Truthisunique2:
It's in Oyo State, apologies I thought you said oshogbo

Either way, i would rather have a loyalist that can vouch for me in the real power meeting than the one that wants to be seen with me in public

I believe we already know the side he is on already for him to be appointed today and told to submit a report on Monday, if he was pro Tinubu he should have objected that they must wait for Tuesday when the governors would fully agree if the zoning is ok

22jumpstreet:
I don't know the relevance to this discuss.

I am yourself , you are me....

We are both God's spirit experiencing life in two ways..

When we die and are bodies turn to dust and becomes one with the earth.

Our spirit returns to God and becomes 1 with it.

Singularity...

There is nothing to believe if it's true , it's true and it becomes part of my knowledge. I can use it in teaching...if it is a lie, it is a lie and if somebody is trying to deceive you by passing a lie as truth, that is truly evil....so my friend, that you believe does not mean it is true..

Deception is the purest form of evil..

cornelboy:
If the proper name for God was transliterated from YHWH to Jehovah in 1524, did it mean that God started existing in year 1524?

I like how you presented your own evidence o
You no hear yourself?

Didi2d:
I think at this point, Nigerians and APC supporters should just wait for APC to do their mago Mago.
And for tinubu's supporters, don't rejoice yet, this northerners might just have another plan. No doubt tinubu played a major role in the emergence of buhari as President, but if buhari chooses to pay him with betrayal he should take it in good faith and retire from politics or remain in Lagos as a king maker.
But the west should learn from history not not to trust the north again.

hopefulLandlord:
psychological projection into dead people who can't come here to defend themselves

religions are created on lies and maintained by makebelieves, lies and threats

77up:
I was very much involved with the Yacht in question - right at the highest level. I had meetings with very high level officials of the bank that financed the purchase, and as such had access to tons of real and genuine information and documents concerning this yacht. I know the names of the owners, and I was on the yacht up to a few weeks before it was sold.

I can tell you a lot about this yacht.

BELOW IS THE 100% TRUE STORY OF THE YACHT!

______ The 'Princess' Sunborn yacht hotel was constructed around 2002 by Sunborn International Finland.

______ Sunborn International placed and managed the Yacht in London docklands up till 2007 or thereabout.

______ Around 2007, a Nigerian team made up of a former AD - turned PDP (?) Senator and his partner bought the yacht.

______ Purchase price was ridiculously above true market value and transaction was financed by a local bank (name withheld).

______ By & large, the loan was secured on the yacht itself! No other security!! - very common amongst banks during the Soludo bubble.

______ The Senator was able to use his lingering contact with ACN govt in Lagos, to get the then Lagos State commissioner
for tourism to throw govt embrace around the project on the basis that it would boost tourism and raise Lagos's international profile.

______ On the day the yacht arrived in Lagos, thousands of Lagosians and several state officials and the said commissioner were there before TV cameras smiling and basking in the glory of this new toy that would catapult Lagos's international standing to new heights.

______ Unfortunately, by the time it arrived Lagos, the owners had spent so much buying it, they had nothing left to run it. And the bank would not lend a kobo more! To make matters worse, the two buyers fell out over how to take the business forward.

______ Few months passed, then years. Now the yacht was becoming so badly degraded that it risked becoming a health hazard.

______ With AMCON on the rampage, and rumour sipping out about the shoddy nature of the financing of the yacht purchase, the financing bank, wanting to avoid public embarrassment, decided to exercise its right to sell.

______ By mid-2012, the bank put the yacht up for sale.

______ The senator protested placing warning notice in some national newspapers against anyone buying. But he couldn't pay the bank what he owed it, so the bank paid no attention.

______ After several months on the market, the bank found an Asian buyer. The Yacht was quietly towed out of Lagos I believe on boxing day 2012 with most people getting wind only after the yacht was out of Nigerian waters.


Based on what I know, the yacht cost around N4.5 billion, but the bank got back less than 20% of that money.

Moral of the story

1. Lagos State did not invest one kobo in the yacht and so Lagosians have lost nothing
2. Tinubu had nothing to do with this yacht
3. This was a private project that failed largely because of financial incapacity, greed and infighting between two owners
4. The big loser was the lending bank which got back a fraction of what it lent and has no prospect of getting more from the debtors.



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