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Politics / Re: I ‘ve Done Nothing To Warrant This Mental Onslaught, Tompolo Cries Out To Buhari by Super1Star: 7:19am On May 10, 2016 |
demslayerrz: Ipob and SE people want Tompolo to become the "Government" of Gombe prison. |
Politics / Re: Avengers’ Threat: Odua Defenders Union Warns Against Attack On Lagos by Super1Star: 7:16am On May 10, 2016 |
NDA mentioned the following cities as the cities they are planning to attack --- Lagos Abuja Calabar PH. Why was there not a single SE listed? 1. Even NDA knows all the SE hamlets are nothing to write home about. 2. Or NDA is Ipob and Ipob is NDA. 2 Likes |
Politics / Re: Avengers’ Threat: Odua Defenders Union Warns Against Attack On Lagos by Super1Star: 7:12am On May 10, 2016 |
ariesbull: Have you renamed Oyigbo back? Have you claimed back your fathers houses that were hijacked under your notice? Have you renamed your streets that were hijacked? Achieve that and come back for more assignment. 2 Likes |
Politics / Re: Avengers’ Threat: Odua Defenders Union Warns Against Attack On Lagos by Super1Star: 7:11am On May 10, 2016 |
DeviIhimself: Have you removed the flag the Fulanis hoisted in Abia or have you saved Umuleri and Orient Petroleum from Kogi Abaji warriors? Na so so chest beating dem sabi. How can you go to war and lose 3million people in 2 and half years? Whoever was the chief war strategist for you should be buried alive. Even Syria with almost 5years of war has not lost 3m people. Family of chest beating king kongs. 2 Likes |
Politics / Re: Avengers’ Threat: Odua Defenders Union Warns Against Attack On Lagos by Super1Star: 7:07am On May 10, 2016 |
okohkriz: You that you only beat your chest and make noise like king kong, mention one achievement of your grandfathers, fathers and your generation in this country. Mention just one thing you ever fought for and it came to fruition. Just one. The person that called you useless 5% ain't lying after all. 1 Like |
Politics / Re: I ‘ve Done Nothing To Warrant This Mental Onslaught, Tompolo Cries Out To Buhari by Super1Star: 4:03am On May 10, 2016 |
IRserveMyComent: Who was he person that was locked up without bail? 1 Like |
Politics / Re: I ‘ve Done Nothing To Warrant This Mental Onslaught, Tompolo Cries Out To Buhari by Super1Star: 10:21pm On May 09, 2016 |
IRserveMyComent: He can only run, he can not hide. Whether he comes to justice or justice is taken to him, justice shall be served. 1 Like |
Politics / Re: I ‘ve Done Nothing To Warrant This Mental Onslaught, Tompolo Cries Out To Buhari by Super1Star: 10:13pm On May 09, 2016 |
sunnyb0b0: That was how you deceived and led "Our Dilector" into the Gulag of the Sage of Daura. You are about leading Tom and Jerry to his too. 5 Likes |
Politics / Re: Avengers’ Threat: Odua Defenders Union Warns Against Attack On Lagos by Super1Star: 10:09pm On May 09, 2016 |
fred04: Ask them and let them tell you stories. Unfortunately for you, we know how to tune the media away from such atrocities. We will do it again without mercy. After the warning we gave MEND on the bombing of Atlas Cove, have you ever seen them near SW again? 6 Likes 1 Share |
Politics / Re: Avengers’ Threat: Odua Defenders Union Warns Against Attack On Lagos by Super1Star: 9:56pm On May 09, 2016 |
fred04: Go to Ajegunle and let the Ijaws there lecture you on the calamity that befell them. 7 Likes 1 Share |
Politics / Re: Avengers’ Threat: Odua Defenders Union Warns Against Attack On Lagos by Super1Star: 9:54pm On May 09, 2016 |
FKO81: Same way you have re-named Oyigbo back to Obigbo or reclaim your fathers' hijacked houses. Tell us just one thing your fathers have ever won in this country. Just One. Apart from being the acclaimed war booties and slaves o the Nigerian state. 21st century conquered slave. 10 Likes 1 Share |
Politics / Re: Avengers’ Threat: Odua Defenders Union Warns Against Attack On Lagos by Super1Star: 9:53pm On May 09, 2016 |
FKO81: Same way you have re-named Oyigbo back to Obigbo or reclaim your fathers' hijacked houses. 4 Likes 1 Share |
Politics / I ‘ve Done Nothing To Warrant This Mental Onslaught, Tompolo Cries Out To Buhari by Super1Star: 9:27pm On May 09, 2016 |
FORMER militant leader, Government Ekpemupolo, alias Tompolo, Monday, told President Muhammadu Buhari that he had not done anything to warrant the needless mental onslaught that has been unleashed against him since Buhari assumed power. VANGUARD |
Politics / Re: Niger-Delta Avengers: FG Deploys Team To Uncover Those Behind Pipeline Bombings by Super1Star: 10:11am On May 09, 2016 |
girlfriendsnatc: One Odeku with 3 gbosas for you. NDA will be rendered useless just like the Locked up toothless lion and his useless ipob. |
Politics / Re: Fg Vindicates Akpabio Over Uyo Specialist Hospital by Super1Star: 12:49am On May 09, 2016 |
BeardedMeat: I need to remind you of how Obigbo was re-christened Oyigbo and how your fathers properties were declared ''abandoned properties'' and hijacked by minority ethnicities. Who gives a hoot whether you are a tribal hamlet lord or not? |
Business / Ten Banks Pay 143 Directors N7.6bn In 2015 by Super1Star: 12:46am On May 09, 2016 |
The directors of ten banks collected N7.6 billion as fees and allowances in 2015, representing 1.58 percent of the banks’ profitability during the year. The ten banks are Guaranty Trust Bank, Zenith bank, Access Bank, FirstBank, UBA, Union Bank, Diamond Bank, Sterling Bank, Fidelity and Wema Bank. Analysis of financial statements of the banks for the 2015 financial year, reveal that the ten banks increased total money paid to 143 directors by 11 percent or N742 million, from N6.84 billion in 2014 to N7.58 billion in 2015. The amount paid to the directors represents 1.58 percent of the profit before tax of the ten banks, which stood at N480 billion in 2015. The amount paid to the directors also represented 2.0 percent of total staff salaries (personnel cost) in the ten banks. Further analysis reveals inadequate disclosures relating to directors compensation, fees and allowances to board chairmen, and salaries of chief executive officers. For example, Wema Bank did not specify amount paid as compensation to executive directors, while Access Bank and Sterling Bank failed to disclose money paid to their chairmen and chief executive officers. Total board expenses GTBank led the ten banks, with N1.25 billion paid to its 14 directors in 2015, up from N1.2 billion in 2014. Zenith Bank came second, with N1.145 billion paid to 10 directors in 2015, up from N630 million in 2014. Acess Bank and FirstBank came third and fourth respectively, with N1.08 billion and N1.05 billion paid to 14 and 17 directors respectively. The fifth highest board expenses was incurred by UBA, which paid N603 million to its 16 directors in 2015, up from N600 million in 2014. Others are Union Bank-N983 million, Diamond Bank-N195 million, Sterling Bank-N265 million, Fidelity Bank-N766 million and Wema Bank-N235 million Executive Compensation The ten banks, with the exception of Wema Bank, paid N4.63 billion to 52 executive directors. This represented two percent decline from N4.72 billion in 2014. On the average, each executive directors got N89 million in 2015, down from N91 million in 2014. FirstBank came first as its six executive directors (E.Ds) were paid N784 million, up from N694 million in 2014. GTbank came second, with N718 million paid to six E.Ds, up from N691 million. The seven E.Ds of Access bank were paid N705 million in 2015, down from N1,12 billion in 2014. Union Bank paid its six E.Ds N625 million in 2015, up from N542 million in 2014, while Zenith Bank paid its four E.Ds N595 million in 2015, up from N414 million in 2014. UBA paid its six E.Ds N547 million, down from N555 million in 2014. Others were Diamond Bank with five EDs – 149 million, Sterling Bank with six EDs – N156 million, and Fidelity with six EDs – N346 million. Union Bank CEO tops pay Analysis of amount paid to the highest director, the Chief Executive Officer (CEOs), by eight banks reveal the CEOs of eight banks were paid N903 million as salaries and compensations. This was 13 percent higher than the N798 million paid to the CEOs in 2014. The CEO of Union Bank received the highest pay with N208 million, representing 36 percent or N55 million increase from the N153 million earned in 2014. GTBank CEO came second earning receiving N204.9 million, up by 12 percent or N22 million from N183 million in 2014. The CEOs of UBA and Fidelity Bank came third and fourth earning N125 million and N102 million respectively in 2015, up from N116 million and N94 million in 2014. Others are FirstBank-N90 million, Zenith Bank-N78 million, Wema Bank-N70 million, and Diamond Bank-N25 million. Shareholders call for review Shareholders however were of the view that the amount paid to banks directors though huge and not in sync with economic realities, is necessary to prevent them from stealing depositors money, and also in view of the amount of work they have to do to generate earnings for their banks. “If the banks’ executives are well paid, the temptation of stealing depositors’ money will not arise,” stated Mr. Boniface Okezie, Chairman, Progressive Shareholders Association of Nigeria, PSAN. “However, considering the economic downturn, I think the banks can equally cut the package they take home to reflect the present economic realities. If States Governors and Ministers are cutting their salaries, I think the banks should equally follow suit. There are some allowances for banks’ executives that need to be cut down or completely be removed. It is time for companies to tighten their belts given the global oil fall which had affected the country’s income. So, if the economy picks up, banks can review the packages paid to their executive directors. But under normal circumstances, the banks’ executive should be well remunerated given the nature of the risk they undertake. If they are under paid, then you be begin to see all kinds of stealing and rubbery in the banks through insider collaboration”, he said. Mr. Taiwo Oderinde, Chairman, Proactive Shareholders Association of Nigeria, PROSAN, on his part said the huge money paid to directors was unfair to shareholders. He said, “ “The banks’ executive compensations is really on the high side when you compare it to other countries. The executive directors of banks are given all kinds of allowances at the expense of depositors and shareholders. We do react on this issue when we attend Annual General Meetings, AGMs. In some cases, we refused to approve their remunerations and ask them to go back and review it. “The problem we are having as shareholders is that in some cases we don’t have shareholders’ representation on the board. By the time they set up committee to review the remuneration you will only see executive directors taking decisions. The executive directors are really feeding on shareholder’ fund and this has to be checked by the regulators in the industry. The executive directors have access to our funds and make use of it the way they like. I think there should be regulation in this aspect of emolument to stop these mouth watering packages.” According to the Chairman, Renaissance Shareholders Association of Nigeria, Ambassador Olufemi Timothy, “The banks’ executive emolument is not too much considering the earnings they make for the bank. These are people who toil all day and night to see that depositors’ money is kept safely. So the high risk element should also be another great reason why they should be paid well. Even the so called Foreign Exchange, (forex ) are kept by these banks. Furthermore, if banks’ executives are well paid the issue of stealing or fraudulent practices would be drastically reduced or even eliminated. I believe the packages for executive directors are not too much given the volume of work they do and the income they make for the institutions.” “My position on this issue is that it should be looked at on the contribution they bring to the organisation”, stated, Mr. Nonah Awoh, a shareholder activist. “ It is not how big or how small the packages are, the concern should be on the equity remuneration of employees. What is the disparity between the Chief Executive Director and other senior management? If the differential is too high, then it is not good for the organisation. Banks should be careful if fixing remuneration so that it does not affect what they are giving to shareholders in form of returns on investment”, he said. http://www.vanguardngr.com/2016/05/ten-banks-pay-143-directors-n7-6bn-2015/ 2 Likes 1 Share |
Politics / Re: Fg Vindicates Akpabio Over Uyo Specialist Hospital by Super1Star: 12:31am On May 09, 2016 |
VulgarVulvas: You will close your eyes and sleep will never come. Slowly you shall slip into the world beyond with everything you ever hold dear coming to nought in your despicable life time. You will beg for death to avoid the pain that wil befall you im your lifetime, but death will only come after you must have had a full dose of the pain. |
Politics / Re: Fg Vindicates Akpabio Over Uyo Specialist Hospital by Super1Star: 12:29am On May 09, 2016 |
BeardedMeat: Comparing 3million wasted lives to MKO meaningful life just confirmed what we have always been saying. The life of one yoruba man is equals to 3million lives of igbos. |
Politics / Re: Fg Vindicates Akpabio Over Uyo Specialist Hospital by Super1Star: 12:27am On May 09, 2016 |
VulgarVulvas: He has turned it to a curse. It holds no ground with me. Unfortunately for you, all your seeds will forever be wasted in their prime. 1 Like |
Politics / Re: Fg Vindicates Akpabio Over Uyo Specialist Hospital by Super1Star: 12:11am On May 09, 2016 |
VulgarVulvas: We have been hearing that since 1966 -- 50years ago. Abeg sing another tune or park well, if you cannot wax a new album. Guess what!! History repeat itself. |
Politics / Re: Fg Vindicates Akpabio Over Uyo Specialist Hospital by Super1Star: 12:00am On May 09, 2016 |
VulgarVulvas: As long as such evil (eg suyanising 3million for fun) is being meted out to criminal minded rebels from the land of gully erosion, I care less, because you do not even have any iota of heritage, making you to be worthless nobodies. 1 Like |
Politics / Re: Fg Vindicates Akpabio Over Uyo Specialist Hospital by Super1Star: 11:42pm On May 08, 2016 |
VulgarVulvas: I have said it before and I am repeating it again, some of you have greatly mystified Yorubas to the status of next to God. Does it not sound ridic and embarrassing that someone will come to your land, all the way from the land of Oduduwa to instigate trouble that can consume the whole region? It is either the people of such region are daft and gullible or your allegation simply just lack critical reasoning of a sane mind. Look for another sane reason why Ijaws are the only ones bombing pipelines, despite being the ethnicity that benefited most from the Amnesty Prog. Almost 95% of the Amnesty Programmes were Ijaws. 1 Like |
Politics / Re: Fg Vindicates Akpabio Over Uyo Specialist Hospital by Super1Star: 10:56pm On May 08, 2016 |
Why are the Ibibios, Efiks and Anangs not complaining? Why is it that it is only Ijaws that are bombing pipelines and polluting the whole of Niger Delta and yet, they benefitted most from the useless Amnesty Programme. It appears only Akwa Ibom utilised their funds quite well to a reasonable exten, when the going was good. |
Politics / Re: The Niger Delta Situation And The Misguided Niger Delta Avengers Group by Super1Star: 10:46pm On May 08, 2016 |
chuksmad:It seems so. GEJ favoured Ijaws over all the other ND ethnicities. 1 Like |
Politics / Re: Aje Oil Field Lagos With Pixs by Super1Star: 9:10pm On May 08, 2016 |
uduak2016: If you like kill yourself over yoruba matter, we will not even contribute N10 for your candle light procession. Before you die sha, know that Ondo is the 5th oil producing state in this country and it produces more oil, hence by extension SW, than SE and the northern regions. Lagos just joined the league of ''our oyel'' and Ogun is also loading. Please commit suicide on time because God has decided to bless the land of Oduduwa beyond measures. Haters can only hate, you CANNOT do anything about it. Better still, drag Baba God to CCT. 151 Likes 11 Shares |
Business / Re: Aba Mega Mall, Beautiful Ultra Modern Business Zone (photos) by Super1Star: 6:14pm On May 08, 2016 |
betterABIAstate: I was asking an innocent question. Do not always see every statement with the prism of cynism. |
Business / Re: Aba Mega Mall, Beautiful Ultra Modern Business Zone (photos) by Super1Star: 6:12pm On May 08, 2016 |
meccuno: You are the major reason why devil is always painted in black. Waste of ovum and 9 miserable months. |
Business / Re: Aba Mega Mall, Beautiful Ultra Modern Business Zone (photos) by Super1Star: 5:07pm On May 08, 2016 |
betterABIAstate: There is nothing tribal in my question. It was a very innocent question. Is the question too difficult to answer, judging by the pictorial evidence posted? |
Business / Re: Aba Mega Mall, Beautiful Ultra Modern Business Zone (photos) by Super1Star: 5:05pm On May 08, 2016 |
EasternLion: MAazi have you forgotten that this is NL. Every thread is an invitation. I was only asking a salient question. Just answer. |
Business / Re: Aba Mega Mall, Beautiful Ultra Modern Business Zone (photos) by Super1Star: 4:53pm On May 08, 2016 |
Sorry ooo, was the place built for lizards or human beings? 6 Likes |
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