₦airaland Forum

@Babaogun
ure not serious oo

whats wrong with my position on the fantasy table?

nyways, the rigs they sunk are valued at over 500m already (those are prized assets)

contracts are pledged and other underlining securities and deals we saw in that link

u dont need ernst and young to value that at 1 billion

freezy:
Excuse me sir, Just a lil' point of correction there.

The single obligor limit is to protect shareholders. It follows the rule of not putting ALL eggs in one basket.
The same thing applies to policies and procedures of any organization that states 'this is how it should be done here" and for every deviation from that requires an approval before and not after the aforementioned deviation.

My two cents, sirs.

im lost

what are you correcting? that the single obligor limit is not cast in stones?
where did i say it is not to protect shareholders interest?

if you know about the deal, you'll commend FBN for granting so much to a company who has decided to play in a biz primarily dominated by the majors. Like a said, the CBN will give waivers and waivers to ensure an indigenous company is empowered to play in the upstream. Maybe you do not know, not only CBN gave express approvals to Adulo and co to ensure the smooth running od Seawolf, NAPIMS, NNPC, DPR and other regulatory bodies gave speedy approvals to help those guys.
That is a business that must be supported, FBN threw caution to the wind to make it a success and why not? they are represented on the board. CBN knows this, CBN knows the shareholderds funds will not be eroded, hence the waivers
like i said before, this deal will only create success for the parties and if not the 2 parties, FBN will not lose a dime
FACT!!!!

shambolic by super eagles
stupid by Yakubu
Inglorious by NFF
erratic by PHCN
stone hearted by armed robbers
wicked by Militants
incredible by IBB
Rest in Peace by Yaradua
youthful exuberance by Dagrin
criminal by OBJ

oyewolejos:
Attention disorder.
Must every Nigerian know u going for vacation?Why can't Niggas keep to themselves for crying out loud?
After all the nonsense pictures is boarding pass we seeing now,whether we gonna see Visa and Plane restroom pics later is only God that knows.
Are u the only person to have tour the whole world?
Am sick to see guys having this show off attitude.

In a country where majority lives under $1 per day the few ones that got to see a Plane will feel on top of the world.
Lawd a Mercy.

cant u ignore the thread abi na by force

me sef go do this same thing soon

if u come put yanma yanma for ma thread, i go whoze u electronically

relax man, let the man show off

na crime?

who sabi this atutupopoyo for lagos?

Rich men dont do pidgeons anymore

[quote author=C_JAY link=topic=98978.msg6336121#msg6336121 date=1278352426]^^amen. but tell that to the roughly 70 percent of L1 candidates who dont squeak a pass year in year out. the level one is the second hardest exam ive ever attempted in my life.[/quote]done 1 Dec 07, 2 last year and will write 3 next year

Level 1 was the hardest

i can remember carrying stalla books up and down like diary for many months ( bus stops, inside aeroplanes, canteen, and even church cos most times after service, its straight down to where i read)

was nervous, tensed and the hype nearly killed me.
i survived and oh yeah, ill kill the 3rd one next year

I agree, level 1 was hard for me


how about Wyt and all those old school guys that started this thread in 07/08

where are they? cant remember the name of this dude who left for NLNG from stanbic

i hope the lure of big money hasnt made the man abandon CFA

all the best to u guys


@elowa

u go pass na

[quote author=~Sauron~ link=topic=443065.msg6341007#msg6341007 date=1278444079]I guess you ran out of things to say - what a coward!!!
You are 5000 miles away from me and i can clearly see your v[i]a[/i]gina from here. . . .
Shame on you![/quote]i decided to ignore a meaningless convo

when u have sensible things to discuss, ill be available

as it is now, fck off!!!!!!!!!

I dont know which to respond to, ur response to me or Saga

First thing first

The single obligor limit directive for banks is not always cast in stones- It is just a means to check the excesses of banks

so many deals go on with CBNs backing that you'll probably wont get to know about such deals. The waivers are there to make sure compelling biz cases dont get killed in the name of CBN regulation

An illegal loan is a loan that you get through the back door so i dont know what you mean by seawolf transaction is an illegal loan. The board knows about it, the apex bank knows about it, the deal is fully collaterarised and even if the fundamentals go wrong like oil prices dropping to sub 50, the bank will not be in any danger. i say again, FBN will not be moved cos all they need to do is instruct First trustees to take over all the assets pledged as securities valued at over a billion dollars.

The essence of a loan in the first place is to create wealth for both the offeror and the offeree and whenever that objective is satisfied and all parties laugh at the end of the tenor, then the apex bank will not worry (This is not condoning any malpractices tho)

my point is, the apex bank is here to make sure the shareholders fund are not eroded and in this instance, their is no way the seawlf deal will go bad- (at least for FBN)

To your post contents: Government interference is the reason why NFF is corrupt! The nominees that run sport and being elected to NFF are all nominated by the government, either through the sports ministry or the state associations. Thus the corrupt NFF is a reflection of the corrupt government

.
Thats what Mariory dumbo cannot understand

he needs some spiritual bath in river ogun

anitabest:
what bla bla bla are you guys talking about?

this is not romance section o

find ur square root

bawomolo:
did threats from a certain tkb417 change his mind

i think so

GJ has some people working for him on NL

i was gonna sue his ass for making football unavailable for years

thank God he listened- Good thing we have a listening President tho
thumbs up

Mariory:
Do you see how sŧupid you are? So we should wait till "Nigeria is cleasned of it's iniquities" as you put it before we attempt to make our football better? You scream about school/IQ yet you keep posting rubbish that makes no sense. "macro world still reek of filth" Do you read what you write before you hit post? Do you see your stupidity?

slowpoke.

Ure a decorated simpleton shinning in bright colors

Akainzo has just described you in another word - Animal

You dont know anything and yet you pretend to be educted

1) You dont know the NFF members are nominees from the Govt of the day- do you?
so if the Govt representative are corrupt, what does it tell you?

2) you dont know how EFCC works

3) you dont know what exactly FIFA describes as interference in football admin

4) you dont know anything - this is serious


read the post by Akainzo and get some perspective

you dont have to be a doofus all your life- Get some adult edu

Spain are winning this world cup

mbulela:
It is almost over.
even some of us losing are having fun.
i throughly enjoyed these.even days when i forgot to sub and played suspended players, all join!!
i have enjoyed this.
thanks to tkb417 for convincing me and Pharoah for registering me.
thanks guys.
may the best man win but try and tone down the gloating,

all good man

make sure u sign up for the FPL when it starts

Ujujoan:
Then you know little about how the human minds work!

That's why I never date broke guys, cos they r never really their true self untill they have a few extra cash in their pocket!

A man might try to stick to a woman when he feels he needs the financial assistance butwhat happens when he doesnt anymore

@ Poster!

You are lucky you didnt marry him and end up finding out this part of him. Just leave him and face your life, he's not worth the stress!

blah blah blah

rich dude dont fly up and down: Nowadays, rich dudes go after rich gurls-scratch that

ur last line is straight from the pit of hell

how u give wicked advices on a weekday?

they have issues, whatever is troubling the man will ease off soon and they'll be back to their lovey dovey state

u dont give wicked advices anymore on this blog or ill whoop ur bum

babaogun:
http://www.proshareng.com/news/singleNews.php?id=8940

@Sagamite,
Kindly see link above. Is there any reason why First Bank should be allowed to provide an asset to a customer which is circa 30% of its shareholders funds which is way beyond the single obligor limit of 10% of un-impaired capital?

This brings to air some sort of favouritism in dealing with the financial crisis in Nigeria.
I believe the same Sanusi has his roots with First Bank.

read what u posted

a bridge loan went bad and was converted to a mid term facility; moreover, CBN allows for banks to apply for special waivers even when a transaction will flout the single obligor limit rule of CBN.

FBN applied and got a waiver and hence the reason CBN gave them a clean bill of health.

This facility isnt and cannot be compared with the Longe loan that went bad cos the securities pldged far outweigh waht FBN has given to seawolf

some of the EDs in FBN are on seawolfs board and im sure theyll do anythn to pull this off

this cannot be compared to all those uncollaterised personal loans that went bad in some of our commercial banks

i know someone who got millions of dollars in one of these banks to build a tank farm in south south. This money was released on a paddy to paddy basis and when yawa gassed, the MD couldnt raise the cash. Those are the kinda deals that nailed these banks not a well structured deal like FBN/seawolf

hehehe
this omugo guy still dey yarn opaks

babanla nonsense

who get ur time sef?

oisehumen:
.

What are you guys dragging now?

nothn o
just trying to let him understand his IQ reads in negative integers

Mariory:
Stop being foolish. The sports ministry is trying to find a solution to bad administration and stealing at the top of Nigerian football. You seem to think this is a bad idea and that Nigeria should first be cleansed. So please inform me of how that is not a retarded way of thinking. And please inform me of what Nigeria's "iniquities" are.

see this suegbe?
so the rot in NFF is a one off in Nigeria? what about the rot in other govt establishments in the country?
who says when the sports ministry completes the restructuring , the NFF will be free of corruption?


if ur comprehension is faulty, my point is: A corrupt entity called Nigeria cannot successfully eliminate all the anomalies in the our football if the macro world still reek of filth

which school u go sef? abi den no teach u common sense for the polythecnic wey u go

bloody rat

Why do we have such lazy backward thinkers in Nigeria. Is it the education system? Please explain how you would go about "cleasing 9ja first of its iniquities

Home grown idi.ot

if the statement "cleanse Nigeria if its iniquities first" is backward thinking, then apply to the Nigerian Open University for Adult classes

and talking about education, im sure i am much more educated than the king of your clan

See this arindin
What is in the article that says injured players don't start footie games
Rooneys remarkable recovery? And yet he started limping after how many mins? And did he play against Chelsea after his remarkable recovery

I think u need Babalawos help cos ur penchant for stupid arguments now need spiritual touch

The whole world knew Rooney was not fit but yet, the fully fit nincompoop couldn't even be considered

Na today players dey play with injuries?
What's this man chatting?
Hehehe

Ode is still making noise
All noise no sense

Was Rooney played despite the fact that he was injured?
Yes or No with Berbatwat fully fit

Ewu!!!!

bones1:
Ahonohai,

You are in order with your posts and pics since this is the travel section. Don't know what the earlier beef with you was about.

Anyway I will be following your travails so keep us posted / updated. Enjoy

p.s Do you wear any shirts of Liverpool fc ?!

im slow
what does travial mean o

tempest01:
disbanding the team what use is it?? What av we gained?? It was the NFF that needed to be disbanded. . .Why hire and sack coaches at will? The time frame given to lagerback was not Ok. To answer the original question. . . You leave the kid to stay at home 4 two years what use is it? it won't add anything, It won't change anything he'll still be a dunce. . .and it is your gene that is in him.

LOLOLOLOL

if NFF is corrupt, is that the only corrupt institution in Nigeria?
the corruption in NFF will be found in Presidency, all ministries and parastatals, armed forces, police, OPS, and even the religious houses

NFF mirrors the country Nigeria
clease 9ja first of its iniquities, then all will be well

[quote author=na_so link=topic=474077.msg6335810#msg6335810 date=1278349299]Nigerians are just too funny. When the same people like tkb417 that simply labelled jonathan silly for his earlier action are the same people that condemn this unbanning, then it becomes easy to understand Ebenezer Obey's ketekete song.[/quote]but u have eyes oga and u can read very well

all ive posted here is either to condemn the ban or  run down the  President for hurriedly banning without consulting his number 6

so what are u saying?

ketekete ko, rakunmi ni

Spyker:
Just threatened? Did FIFA give them 48hours?

did France ban football for 2 years?

chei, na wa o

Which match was Berba benched with Rooney unavailable o. . . . . .
Dem don come with myths and rumours. . . .

Letz even say that's the case(which i am sure it isn't). . . . .

Fabregas was benched with Busquets starting every game for Spain.
Is Busquets better than Fabregas?

Your logic reeks of a septic tank.
Go and cure your amnesia

This guy just dey depreciate in sense

we had 2 senior strikers apart from Owen (out for season) with one injured against Bayern
but yet the coach prefered the injured striker to the able bodied striker

and this man is comparing 2 fit players to the scenerio i painted

whats wrong with this man?

Spyker:
Oga GJ, you don disappoint me. Who be FIFA to give us 48hours. Can FIFA give USA or any other European nation such a deadline? If i were the President, i would call FIFA and tell them to ban us for 48years. 48hours my foot.

France was threatened with a ban

is France from Asia?

[quote author=~Sauron~ link=topic=443065.msg6335686#msg6335686 date=1278347804]He shined throughout last season until fans went after his head. . . . .[/quote]yes,
thats why he was benched when Rooney was injured with no striker available

of course he shined

[quote author=~Sauron~ link=topic=443065.msg6335449#msg6335449 date=1278345556]Go and cure your amnesia.

U are crazier than crazy.[/quote]tell me when he shined in our colors and stop making noise

AmakaOne:
It's the principle that we are questioning.
National football teams are not just about playing football but national budget allocations etc, which are the domain of national governments and NOT FIFA.

At what point does football end and government authority begin?

I think our president agrees with you BTW. WE DON'T HAVE TO PLAY FOOTBALL (or at least not at the price we are currently having to pay

i dont know the principle ure talking about o

If at this stage, we cannot get the OPS to invest in football to the level where autonomy can be guaranteed, then we shdnt hold FIFA responsible for our lapses

FIFA will not lose sleep if we dont play football, we are the ones that will suffer for it. We will effectively create another batch of jobless youth, we will effectively lose out on the other gains associated with playing football in the country.

My argument about the ban has nothn to do wth FIFA, its about the attendant suffering those who eat from football will experience

coaches, players, marketing agencies, scouts , and all will suffer from the the stupid ban

The cost of destroying to rebuild far outweighs whatever gains we'll get from whatever the ban has to offer


where have u been o? stil in SA?

all talk no action President

he just made himself a laffing object in the International scene


let him go and ban House of Rep too

shege

George Opong Weah
Samuel etoo
Abedi Pele
Roger Milla
Didier Drogba