₦airaland Forum

konga82: I tink we all have de right to complain. But remember COT has gradually move down 4rm 5 per mill to 2 naira very soon dia will be ZERO COT in all transanction, so many bank charges has been trim down, how do we expect dem to succeed, expand and employ more workforce 65 is big yet we did not complain wen we ar bin charge 100 a liter of diesel is 125 some branches burn diesel 4rm morning till night, pls let encourage dem. Remember many has gone under.

You are making point, but you must realize that in the world-over, COT is not part of a bank income. It is one of the crooked model that crept into our banking tradition and got cemented. Banking is all about financial intermediation. You mobilize funds from the surplus sector of the economy (through deposit mobilization) and move the funds to the deficit sector (Through loans and advances) to finance productive ideas that grow the real sector. The bulk of the income of a bank therefore should come from the differential between the Deposit rates and the Lending rates. Now, as a customer, I gave you my money as a bank to keep. You use the money for business and generate income and anytime I come to withdraw, you charge me COT. does it make any sense? When I deposit money with a Bank, the bank becomes automatically indebted to me. It becomes my debtor. And anytime I come to collect my money from my debtor, it still charges me. Does it make any sense?

The issue is that Nigeria Banks continually fail in their responsibility of financial intermediation. They are master at mobilizing deposits. If you have money, they will pursue you to synagogue and once the fund is mobilised, they will rather lend to the mighty and Invest the bulk of the money in 'gilt-edge security' and money market Instruments like Treasury Bills, Treasury certificates etc.

When Emefiele was appointed the CBN Governor, I already have a pre-knowledge of what he will do. He was the GMD of Zenith Bank. Zenith Bank has no business model when it comes to real banking. What they do is fund trading. Bank with them for donkey years and come with the most-productive ideas in the world and request for just a token to finance it, even when you pass all the 5cs of credit, you will be amazed at how they will turn you down, unless you are the Dangote and MTN of this world. They are master at mobilizing funds but they invest the money in Treasury bills because they do not want to take risk. They have the least risk-asset ratio in the banking industry because they don't lend. The problem with it is that they do not grow the economy. The profits they make from investment is enjoyed by Jim Ovia and the big boys in the bank. When Sanusi increased the Cash reserve ratio (CRR) on government funds from the original 12% to 50% and later to 75%, the bank's existence was under treat because 90% of the funds they invest in Treasury Bills come from government. So the model is just that they take funds from government at no cost and lend the same government's money to the same government at 30% through investment in Treasury bill. Sanusi saw this fraud and quickly moved against it. Save for t he appointment of Emefiele as CBN governor, the bank would have downsized some months ago.

Now that Emefiele is the CBN governor, his loyalty is more to Zenith Bank than to the people of Nigeria. This is evident in the way he approved the appointment of Jim Ovia as a working chairman of the board. All policies that were put in place by Sanusi that are pro-people and anti-capitalist banks will be reversed by Emefiele gradually. This is just the beginning. Before the end of his tenure, I see him reducing CRR on government Funds to as low as 10%. This of course will continue to destroy the economy.

To me, Emefiele was appointed because:

(a) He has a reputation for displaying unalloyed loyalty to his boss, even to the point of Death. He was DMD under Jim Ovia in Zenith Bank for ten years and even when Sanusi forced Ovia to resign and Emefiele took over, he was just a puppet as the bank was practically run by Jim Ovia from outside.

(b) Needs of GEJ to get a CBN governor he can control as there will be needs to finance the 2015 election


The problem is that when you have a clueless president and a CBN governor who does not have a mind of his own, you can not hide away from anti-people policies. Like I said, just expect more of this from CBN under Emefiele.

What dey are saying is dat Kuje is now the Land for the condemned and isolated. Where is the home of prisoners?....Kuje. Where is the home of Ebola patients.Kuje. Na wa oooo. The only thing dat is not in kuje is d home of the animals. That is reserved for Dutse Alhaji because in the master-plan, Dutse Alhaji is mearnt to be a zoo, so therefore, people staying there must produce a certificate certifying them as an animals

Oga, this has become a common knowledge on Nairaland. Any body who is consistent with Nairaland can import successfully w/o ur training. Many thanks to DIY free importation guide. I wish U goodluck anyway but I doubt if u can get a customer here with d level of knowledge people have acquired here

Two ways sir. If your account is in debit (Negative balance) before the credited amount, your ledger balance will be different from your realtime balance. Your realtime balance will be your ledger balance (which is the total of all entries into your account for that day) less your initial debit outstanding. so your balance will always be less than your ledger balance. Mind you, your account can be in debit for so many reasons.

2. If what was paid in is a clearing instrument that requires days to clear, your ledger balance will account for the uncleared effects but it will not hit your real-time balance.

Others are system error on the side of your bank. Please go to your bank and ask to know the reason for this error. Thank you.

experimentist: Yeee

U saw it also? Hope dem no harass U ooo

On my way from church, I could see people scattered around a burning police station located at Estate Bus Stop, Alapere Ketu. The property is seen engulfed in heavy smoke amidst blazing fire. The men in black are seen around controlling people movement as the Men of fire services were fighting hard to quench the fire. As at the time of filling this report, there is no information about the cause of the fire. For the team #pictureOrIdon'tBeleive, I managed to take the attached picture before the men in black carry frustration descend on me. As per the people inside cell, I don't know what happens to them, the DPO will be in a better position to explain.

1 corrinthians 7:1-6  Now for the matters you wrote about: “It is good for a man not to have sexual relations with a woman.” 2 But since sexual immorality is occurring, each man should have sexual relations with his own wife, and each woman with her own husband. 3 The husband should fulfill his marital duty to his wife, and likewise the wife to her husband. 4 The wife does not have authority over her own body but yields it to her husband. In the same way, the husband does not have authority over his own body but yields it to his wife. 5 Do not deprive each other except perhaps by mutual consent and for a time, so that you may devote yourselves to prayer. Then come together again so that Satan will not tempt you because of your lack of self-control. 6 I say this as a concession, not as a command.quote author=freecharles]

read the verse 2 of this chapter[/quote]

Tomoselu and his cohorts who propagated, surport and market e-invest are part of the greatest scammers on this thread. Thank God for financial intelligence and due dilligence, I would have been a victim and despite my warning on the thread, a young still got scammed. By this fraudster. Ladies and gentlemen, before you deal with anyone, make sure you establish a physical contact. Someone you cannot trace, pay money to him at your own risk. Check out his scamming thread here https://www.nairaland.com/1569141/done-business-site

okparaugo: He has turned a new leaf after dumping almajiri supporter of APC progrethieves.

kk oooo. Is just that it is easier for a camel to pass thru d eye of a needle than for a leopard to change its colour.

I hooooo--pe Fani-Kayode is not around ooo. BTW, dats a good testimonial. She should be made the ambasador of ambassadors.

barcanista: uncle fear God oooooo! Over 1500 leaders? Haba! Deris god ooooo

lol. I wonder how many members of APC dey Ekiti State self. No mind d mumu. Sentiment has blocked his sense of good judgement, dats if he has any.

is this guy for real? why do you just disappear?

what is the life span and where are you based? Please send a mail to ashawoboys.abuja@gmail.com and let me know when you have done that so that we can schedule a meeting. Thank you.

Sodah: Ladies and gentlemen...I sat down and look how I can be help u pple to achieve ur goal,e.g buy houses,rent apartment,buy land and find ur soul mate that will love you so much the way u re! Send ur teller no to me,urs detail e.g name,address,age and what u do 4livin and tell me the kind of lady or guy u want! Dis my number 08026866459 You will pay three thousand(3k) into GTB account 0122769558 iyaomolere Doyin

na wa ooo. Nothg wey pple no go take hussle for this naija!

The American National Centre for Education Statistics has told PREMIUM TIMES that the Pacific Christian University, Glendale, which Aviation Minister, Stella Oduah, claimed awarded her a doctorate degree, does not exist, confirming this newspaper’s Wednesday’s report that the minister’s purported honorary Ph.D is fake.
The National Centre for Education Statistics is an agency under the U.S. Department of Education.
Responding to a PREMIUM TIMES’ inquiry, the spokesperson for the agency, which maintains a comprehensive and up-to-date database of all American public and private educational institutions, said, “Thank you for your inquiry. I do not see a university in our database that is Pacific Christian University in Glendale”.
She however suggested that the closest to Pacific Christian University in the database might be Hope International University in Fullerton which she believed used to be known as Pacific Christian College.
Contacted, Every Delarosa of the registrar’s office at Hope International University confirmed that the institution used to be known as Pacific Christian College and not Pacific Christian University as Mrs. Oduah indicated in her resume.
Even at that, Ms. Delarosa insisted Mrs. Oduah could not be referring to Hope University because the institution changed its name from Pacific Christian College in 1997 while Mrs Oduah claimed she was awarded a doctorate in Business Administration 1998.
The Hope University official also explained that the institution, even when it was known as Pacific Christian College, had never had a campus in Glendale. She said the university was based in Long Beach city at the time.
“We do not have any records of any candidate by the name Stella Oduah or related names,” Ms. Delarosa said, after pouring through the university record. “Whether now that we are Hope University and in the past when we were Pacific Christian College, we did not give any such person a degree here.”
This newspaper had Wednesday reported that the aviation minister lied on oath to the Nigerian Senate, by claiming that a Pacific Christian University awarded her an honorary doctorate degree in 1998.
Mrs. Oduah had made the claim in a 7-page resume she distributed to Nigeria’s 109 senators during her confirmation hearing on July 2, 2011.
On page four of the document, the minister claimed the university, which she said was based in Glendale, awarded her an honorary doctorate in Business Administration.
Download the resume Minister Stella Oduah submitted to the senate here.
It was based on this document that she was grilled and eventually confirmed by the lawmakers.
But investigations by PREMIUM TIMES had determined Wednesday that no university called Pacific Christian University existed in the United States.
The U.S. Department of Education, through its National Centre for Education Statistics, keeps an up-to-date database of all public libraries and educational institutions in the country – public, private and colleges.
PREMIUM TIMES reporters spent hours on Wednesday searching this database.
Our reporters searched by state (California), city (Glendale) and name of institution (Pacific Christian University). Yet, nothing came up in the name of the university Mrs. Oduah claimed gave her an honorary doctorate.
According to the database, there are six colleges (universities) in Glendale, a city of 191,719 inhabitants in Los Angeles County, in the state of California.
The colleges are American Medical Sciences Centre, Brand College, Glendale Career College, Glendale Community and North-West College.
There is no such university known as Christian Pacific College as claimed by the minister.
Efforts by PREMIUM TIMES to get the spokespersons for the minister to comment for this story were unsuccessful.
Joe Obi, her special assistant on media, did not answer or return calls.
Yakubu Datti, the spokesperson of the aviation agencies, who usually speak for her, answered our call but immediately said he would call back. He is yet to do so as at the time of publishing this.
Mrs. Oduah, and her associates have been cleaning up the minister’s biographies on the Internet, following allegations that she lied about her academic qualifications.
The minister claimed she got Bachelor and Masters degrees from St. Paul’s College.
But after it became clear she might not have earned a Masters from that university, Mrs. Oduah edited her biography on the website of the Ministry of Aviation, with references to St. Paul’s College removed.
The Wikipedia page of the minister was also edited and it now has no reference to the university Mrs. Oduah attended. The last edit on the Wikipedia page was done at 14:41 p.m. Nigerian time Tuesday.
All links and reference materials on the Wikipedia page capable of linking the minister to the university were also deleted.
Even the minister’s personal website was reviewed to remove any reference to St. Paul’s College.
Mrs. Oduah had since October been enmeshed in a a N255million armoured cars scandal in which she was accused of compelling an agency under her supervision, the Nigeria Civil Aviation Authority, NCAA, to buy her two exotic bullet cars at clearly inflated prices.
The purchase of the cars generated outrage for weeks because its cost was inflated, and it was neither listed in the government-approved budget nor did it comply with the Nigeria’s public procurement law.
The House of Representatives has since asked President Goodluck Jonathan to sack the minister but the president has failed to act.
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