₦airaland Forum

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blacknp:
It seems that you are disturbed by forces?

Contrary to his public image as a no-nonsense Governor of the Central Bank and a reformer who always pride himself as an anti-special interest, Sanusi Lamido Sanusi’s complicity in the questionable acquisition of Intercontinental Bank by Access bank and the God-Father role of Dr, Bukola Saraki showed the true Sanusi Lamido Sanusi. Oluwaseyi Oduyela reports, how the former Governor of Central Bank- Sanusi Lamido and Dr, Bukola Saraki masterminded the biggest bank fraud in Nigeria’s Banking Industry history.

By Seyi Oduyela/Washington, DC

In 2009 when Mr. Chukwuma Soludo’s appointment was due for renewal as the Governor of Central Bank, late President Yar’Adua was misled by the cabal that eventually hijacked his government into refusing Mr. Soludo’s a second term and instead, appointed Sanusi Lamido as Soludo’s successor. Prior to his appointment as the Governor of Central Bank of Nigeria (CBN) Soludo had joined the government of former president Obasanjo in 2003 and served as the Chief Economic Adviser and Chief Executive of the National Planning Commission of Nigeria .

So in June 2009, Sanusi Lamido became Governor of Central Bank. Barely two weeks in office, in an unusual move, Lamido dispatched Central Bank of Nigeria examiners to five banks- AfriBank, FinBank, Intercontinental Bank, Oceanic Bank and Union Bank. A CBN source disclosed to Africa Inquirer that the inclusion of Intercontinental Bank was a surprise because the CBN just concluded a comprehensive examination of the bank and gave it a clean bill. In a surprise twist of event, CBN examiners changed their positive report on Intercontinental Bank to “non-performing.” Our source at the CBN disclosed that Mallam Lamido rejected the favorable report presented to him, hence the re-classification of the report from “performing to non-performing.” As at this time, Intercontinental Bank was one of the biggest and the largest bank with a balance sheet size of about N1.7 Trillion.

Our investigation reveal that, late Yar’Adua refusal to renew Soludo’s appointment was actually influenced by Dr. Bukola Saraki using is political weight as the then Chairman Governor’s forum. It was “Saraki who pressed for the replacement of Soludo with Lamido,” our source disclosed. Why would Saraki want Lamido? What is Saraki’s interest in Lamido and what connects the two men? Africa Inquirer diggings reveal that Mallam Lamido and Bukola Saraki have been childhood friends. The two went to same High School, King’s College Lagos with their mutual lawyer, Kola Awodein. While Lamido graduated in 1977, Bukola Saraki left King’s College in 1978. Besides being school mates, Saraki and Lamido are Akingbola’s mutual enemies by their own creation. Before the emergence of Sanusi Lamido as the Governor of CBN, Dr. Bukola Saraki had taken a loan from Intercontinental Bank to the tune of N11Billion.

Our investigations reveal that through Joy Petroleum, as a parent company, Saraki used four other companies namely: Skyview Properties Ltd, Limkers Ltd, Dicetrade Ltd, Carlisle Properties and Investment Ltd, while Dr. Bukola Saraki was portrayed by the bank documents as the Prime Promoter of all the companies including Joy Petroleum Ltd. Under Erastus Akingbola, Saraki secured the 11 Billion Naira loan with four houses in Ikoyi and in Abuja. The houses are on 19 Ruxton road, Ikoyi; 15A MacDonald Road, Ikoyi; 17 MacDonald Road,Ikoyi and Plot 2481 Cadastral Zone A06 Maitama, Abuja.

AigSanusi andWigwe

As soon as Lamido became the CBN governor, and with the doctored report of ‘non-performance” of Intercontinental Bank which was never released to the public till date, Lamido fired the CEOs of the five banks, including Akingbola and appointed acting Managing Directors. Mr. Lai Mahmoud Alabi, a former staff of Bukola Saraki was appointed by Lamido as the Acting MD of Intercontinental Bank. Lai Alabi served as Bukola Saraki’s Chairman of Songa Farms and several development funds in Kwara State.

Lai Alabi’s first task as the new head of Intercontinental Bank was to summon the board of directors to write off N 8.1 Billion out of the N11 Billion owed by Saraki and which were surprisingly, well collateralize with choice assets in Ikoyi, this write-off was strongly condemned by the CBN examination report of May 2010 which complained about the massive loan forgiveness, calling it “cash gift.” The examiners also questioned the rationale behind the return of the collaterals to Saraki. Yet, Mr Lamido never acted since he was only satisfying his benefactor.

Curiously, before Lamido’s takeover of Intercontinental bank, the bank’s inter-bank takings was N73 Billion, with no record of the bank’s indebtedness to the CBN but by the time the bank was sold, it was owing the CBN N100 Billion and other banks N300 Billion. Contrary to Lamido’s claim that he injected N100 Billion to revive Intercontinental bank, the bank’s balance sheet as the time of takeover was N1.6 Trillion. The bank had 330 branches, 2 foreign subsidiaries, 12,000 employees and paid-up capital of N230 Billion.

If the takeover of Intercontinental bank and the replacement of its employees by former employees of defunct Societe Generale Bank were not surprising enough, the sale of the bank to Access was the most fraudulent in Nigeria’s banking industry history.

In 2011, Aig Imokhuede, founder of Access Bank and a debtor of Intercontinental Bank began talks with the Sanusi Lamido-led Central Bank of Nigeria to acquire Intercontinental Bank Plc. Further to the approval of the shareholders of Intercontinental bank and Access Bank, court sanction of the Federal High Court of Nigeria and approval of the Central Bank of Nigeria and the Securities & Exchange Commission, Access Bank Plc (“Access”) and Intercontinental Bank Plc (“Intercontinental Bank”) announced the completion of the recapitalization of Intercontinental Bank and the acquisition of 75% majority interest in Intercontinental Bank by Access Bank Plc.

In effect, Intercontinental Bank (including all its assets, liabilities and undertakings) became a subsidiary of Access Bank Plc. Aluko & Oyebode acted as Transaction Counsel to Access Bank Plc in connection with its acquisition of Intercontinental Bank Plc. The question is how did Aig Imokhuede and Herbet Wigwe acquired Intercontinental Bank?

Africa Inquirer obtained a loan document showing how Aig Imokhuede and his partner Herbert Wigwe (current MD Access Bank) used a company called United Alliance Company of Nigeria to borrow over N16 billion from Intercontinental Bank under Akingbola. The duo tactically delayed payment of the loan. Aig wrote to Mr Lai Alabi twice rescheduling the payment of the loan which were allegedly written off by the CBN before the forced controversial acquisition of the bank by Access.

Our investigation later discovered that, the delay tactics was part of the plan of Saraki and Lamido to sell Intercontinental Bank to Aig Imokhuede who took loan from Akingbola’s bank to acquire Access Bank. Lamido’s CBN used AMCON to deplete Intercontinental bank’s assets before selling it to Access bank. Since Access bank is owing Intercontinental Bank N16 Billion, where did it get the N50 Billion to purchase Intercontinental Bank? Africa Inquirer discovered that Aig Imokhuede, sourced for the N50 Billion from Bank of Industry.

Evelyn Oputu, Former CEO, Bank of Industry

Evelyn Oputu, Former CEO, Bank of Industry

As at this time, the Managing Director of Bank of Industry was Mrs. Evelyn Oputu, Aig Imokhuede’s mother-in-law. With impunity, under the supervision of Malam Lamido as the CBN Governor, N50 billion was paid to Intercontinental bank account in the evening, and immediately after the acquisition of Intercontinental Bank was announced, Aig Imokhuede, transferred the N50 Billion back to the Bank of Industry. By implication, Aig and his group paid nothing for Intercontinental Bank. Mrs. Oputu is being investigated by the Financial Reporting Council for alleged fraudulent practices as the Managing Director of the Bank of Industry.

Source:
http://yemojanewsng.com/revealed-how-access-bank-fraudulently-took-over-intercontinental-bank-the-bukola-saraki-lamido-sanusi-script/

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Lilrichie419:
this is actually cool

Were are you located

And will 3 plot if land be enough

I came across this write up below in Nairaland, may be it could assist you.



PALM OIL INVESTMENT
Do you know you can start a small oil palm plantation now with even one acre of land with the aim of expanding later.?
With Our 100% guaranteed IMPROVED SEEDLINGS that starts producing from a maximum of 3yrs after planting, you’re fully assured to get the exact estimated returns sited at the end of this post.
———————
Note: From when it starts producing, Each harvest takes place every 2weeks and the process is continued till the palm tree reaches it maximum lifespan.(minimum 45yrs)
———————
*Below is an Estimated Analysis to Establish a “10 Acres Oil Palm Plantation”
THE SUM OF N8,525,000 WILL BE REQUIRED.
Estimated as follows:
*Land Acquisition(N600,000 per acre)=N6,000,000
*Land Clearing/smooth Preparation =N600,000
————————
*Matured Improved Seedlings Procurement🌴
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We have two species of the oil palm seedlings.
1: The “Hybrid Tenera specie” and
2: The “Malaysian supergene specie”.
* Each of our hybrid tenera palms cost 800naira.(it starts producing from 3yrs) with a production of 5-22 bunches per stand, depending on how you maintain them.
* Each of our Malaysian supergene specie cost N2500(starts producing from 2yrs and 6months) with a production of 12-45 bunches per Stand, depending on how you maintain them.
For this analysis, We will be making use of the MALAYSIAN SUPERGENE SPECIE.
Using standard spacing measurement of 9m triangular, each acre contains 60palms.
“60 palms seedlings per acre (600x N2500) =N1,500,000”
*The 10acres will require 5 bundles of wire-collar for protection against animal attacks.
Each bundles cost N25,000 5 bundles =N125,000.
*Professional mapping, protecting with the provided wire-collar, accurate mark-in-outs and planting of the whole 10acres=N300,000
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TOTAL= N8,525,000
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Note: There is room for negotiation and the cost can be greatly reduced if you already have the land to use.
The project scope can be higher or lower depending on your financial strength.
Private or corporate organizations can also set up this project and lease it out to individuals or corporate bodies on maturity. It is a way of diversifying the economy and also to create jobs and income opportunities for Nigerians. It is also one of the strategies for food security in the country and also in line with the transformation agenda of the country.
*🌴INCOME ANALYSIS🌴*
A matured plantation will annually start producing “4 Tonnes” per Hectare of Red Palm oil from the fourth year after planting. 20 Metric Tonnes of Oil can be obtained annually from 4 Hectares(10 Acres) Plantation.
One Tonne of Red Palm Oil=1000 liters.
Therefore, 10 acres= 20,000 litters of oil annually.
The oil is being sold per gallons(25 litters) 20,000/25litters=800 gallons.
Each gallons is sold within the range of 15–25k.
Therefore, N15,000 x 800gallons=N12,000,000
A Gross revenue of N12 million is obtained from Red Palm Oil.
We can also get 2.31 Metric Tonnes of Palm Kernel per Hectare annually.
This gives us 9.24 Tonnes from 10 acres.
This translates to annual income of N5,550,000 million.
Total income realizable is about N17,550,000million while the annual operating expenses From the day of planting till the day of first harvest is put at N12 million.
This leaves us with a Net income of N5,550,000 million for you as the investor for the first year of production and a annual NET INCOME OF N13 Million after expenses for the next 40-50yrs
There are still other sources of income such as palm fronds and palm kernel shells.
Investors are to note that Green Hybrid Empire Ltd is so Affiliated with the buyers of the finished product of Red oil. The market is already eagerly waiting for you to bring in your finished goods regardless of how large the quantity is.
investors are fully welcome to be assisted in the realization of this worthwhile investment.
Address:
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Our cooperate office address is at 05 Stanly Kunu street, beside S&T barrack. Opposite Jonny guest house. off isihor. Benin city.
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Our oil palm nursery is located at plot 56 Evboneka community along Benin akure road. Benin city.
=======
Our coconut nursery is located at 07 winners street behind oluku market. Along Benin Lagos road. Oluku, Benin city.
=======
Feel free to send your questions directly to our inbox or call/WhatsApp us via 08141156233. Email:GreenHybridempire@gmail.com

Thanks.

I resides in Lagos state.

It depends on how many stands of palm seedlings you wish to plant. I learnt from the write up with standard spacing measurement you will have 60 stands per acre, 3 plots equates to half an acre which will take 30 palm stand.

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ObiCertificate:
Nzogbu Nzogbu reactivated.

Always gra gra…no strategy.

Just like you aren’t getting the food for free, the North isn’t getting your oil and gas for free.

Just like the North gets a share of proceeds from oil, so does the south get a share of agro proceeds. Before you start capping, update yourself on agriculture’s contribution to GDP.

This measure is clearly a protectionist one by a Governor in the interest of his people that voted him & are already protesting, not a malicious one aimed to spite or targeted at the South.

Be more like your SW neighbors and instead focus on how you can use this opportunity to boost your regional agro activities and achieve food security, instead of your Nzogbu Nzogbu approach trying to incite others to retaliate an imaginary slight.

Which agricultural proceed? Just as NNPC is established and oversees the sales of crude oil and remit proceed to the federal government which all states in the federation shared, please enlighten me on the federal government agency, department or parastatal charged to harness the sales and export of agricultural products and remit proceeds to the federal government which is shared amongst the federated states.

Which agricultural based industry do the federal government own that produces, sales and export products to earn foreign currency which the states shared?

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Richtaiwo:
Is it true 2 Hilux vans are worth 2.5 billion Naira?

Find out government official response to that publication.

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NaijaCoverBlog:
Source: https://www.lindaikejisblog.com/2024/2/nigerian-woman-declares-her-husband-martins-mugwe-missing-2.html

Any altercation between the husband and wife? Why would he left house at that hour of night without his phone? Pray for his safe return.

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Rest in peace.
Please, NFF and the Federal Government should do the needful even in death, pay to his family members.

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Jonathan:
God forbid
I'm just telling you that what you eat is maggot.

It is not maggot, maggot usually metamorphosed to housefly.

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marnboy:
it is called rhynchophorus, the one that metamorphosed to rhino beetle is called oryctes

Yes, you are right.
Thanks.

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moonbyte25:
https://newtelegraphng.com/mobbads-mother-reveals-joseph-aloba-is-not-late-singers-biological-father/

Mohbad mother has to present the biological father to do DNA test in order to proof her claim, not the other way round.

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Theevilone:
The two names you mentioned there are not Igbo names oo, maybe what you call it in your place, I’m from Anambra and it’s not what we call it.

It might differ from what you call it in your place, however that is the nomenclature in my Igbo home-town.

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SALLYBERRY01:
This or that

That

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Ttalk:
Let me tell you, before Tinubu or APC SE people have been trooping en masse into SW and the North, searching for what is lacking in their backyard.

See people that voted Ikpeazu the Kerosene merchant who gave eba and egusi soup as campaign bribe are talking of intelligence. [b][/b]

Intelligence that could not make you survive in your region unless you enter Obodo Lagos or travel to SA with powder.

Oh intelligence that produced Chinaza, Evans, Ekpa, and MNK but could not produce Nigeria's president, that type of intelligence can only be found in cockroaches.

..

If Nigeria was practicing good democracy,.... where Igbos freely chose their governor's and law makers, even with the Nigeria calamity, the type of Development you will see there ehh (culled from Bigkoko)

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Brenbentondiaz:
Truly they're the most patriotic. This can be seen in the way they rejoice in bad news about Nigeria, and wail uncontrollably whenever they read anything positive about the country. Don't also forget that the best form of patriotism is the one that involves soiling a countries name by criminal activities/drug trafficking.

You are right!
Suleman Tunde, Idris Adewunmi Adepoju, Biola Lawal, Ibrahim Chiroma, Izuchukwu Uzuh, Felix Osilama, Nnamdi Orson Benson, Ayorinde Kayode, Remon Olorunwa Abbas, Chukwudi Christognus Igbokwe, Jerry Elo Okogho, Adekunle Adefila etc, are all Igbos.

TonyRazor:
Our correspondent

Anambra rerun polls: I have shown Soludo, APGA that I'm a street General - Ubah


The Senator representing Anambra South Senatorial District, Chief Ifeanyi Ubah has described last Saturday House of Representatives rerun polls in the state as a litmus test for 2025 Governorship elections in the state.

Ubah who recently announced his intention to contest the governorship poll of the state next year on the platform of the All Progressives Congress (APC), said he used the Saturday February 3 rerun polls in Orumba and Nnewi areas of the state to tell the All Progressives Grand Alliance (APGA) and state governor Prof Chukwuma Soludo that he(Ubah) is a " Street General."

He said, " I was in my house here in Nnewi. I didn't step out from my house during the Saturday February 3 rerun polls, but I used my influence and strategies to win the two seats of House of Representatives for my former party, Young Progressives Party( YPP). That's a litmus test for 2025 Governorship election in Anambra State.

"The state government sent down seven Commissioners and other Government officials to Nnewi for that election for APGA. Their purpose was to intimidate us but we floored them to make a statement that by the grace of God we are in charge of Nnewi and Anambra South Senatorial District in general.

Recall that Ubah won the Anambra South Senatorial District elections in 2019 and 2023 on the platform of YPP.

Our correspondent gathered that in the Saturday February 3,2024 rerun polls for Nnewi North/South/Ekwusigo federal constituency,the YPP Candidate, Peter Uzokwe polled 25,518 votes to defeat APGA Candidate, Uche Elodimuo who polled 25,412 votes.

Similarly, the YPP Candidate for Orumba North/South Constituency, Hon Princess Chinwe Nnabuife polled 14,496 votes to defeat the PDP Candidate Okwudili Ezenwankwo who polled 13087 votes.

With the above results, YPP Candidate Hon Peter Uzokwe would replace Uchenna Elodimuo and represent the people of Nnewi North, Nnewi South and Ekwusigo Federal Constituency at the House of Representatives while the YPP candidate in Orumba North and Orumba South Federal Constituency, Hon Princess Chinwe Nnabuife retains her seat at the Green Chamber.

Describing the development as a great feat,Ubah said if given the Governorship ticket of his new party( APC) in 2025,he would win the governorship contest and take Anambra State to its pride of place in the country, using his enormous cognitive experience in business.

He thanked the security agencies for being on ground during the rerun polls to ensure peaceful conduct of the exercise.

Does it mean APC presented no candidate for the rerun election? Just asking.

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muyico:
restitute? u mean 20 or 20k?

The proceed of crime-3 million Naira.

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ROTTWEILER007:
[b]I Hope the congratulatory message is coming from his heart. He may have used "Africa" to buy the sympathy of everyone that cares to listen but deep down inside, he would have wished he won it. [/b]Anyways, let's celebrate others when it didn't go out way. Congratulations Tyla. Congratulations everyone who was nominated, we all are winners!!!

Why are you so cynical?

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Kuginzi:
A chieftain of the Ohanaeze Ndigbo, apex Igbo socio-cultural organization, Okechukwu Isiguzoro, on Saturday, said it was time for Igbos to gradually start retreating and redirecting their businesses back to the South-East.

Isiguzoro was reacting to a circulated online video of helpless Igbo traders at the Trinity spare parts market in Apapa, Lagos, on February 1, 2024, lamenting over their inability to salvage their goods and products.

While describing the situation as disheartening, Isiguzoro said the organization was meticulously “documenting the systematic demolition of Igbo-populated markets in Lagos State,” adding that the body is “closely observing the distinct pattern of these demolitions.”

A statement by the factional Secretary General of Ohanaeze, decried the use of state machinery against peaceful Igbo traders in Lagos State.

There is no designated market in Trinity, to be honest Trinity in Ajeromi-Ifelodun is a residential domain unofficially converted to trading arena.

According to Isiguzoro: “In light of these distressing events, Ndigbo must acknowledge that it is now time to gradually retreat and redirect their businesses back home.”

The factional Secretary General urged President Bola Tinubu and Governor Babajide Sanwo-Olu of Lagos State to urgently intervene and stop future demolitions.

He added: “The relentless targeting of Igbo traders and their businesses under the guise of development is unacceptable.

“Ohanaeze Ndigbo implores Igbo traders to relocate the headquarters of their businesses to Igbo land to avoid further complications arising from future market demolitions.

“We fervently urge President Tinubu and the Governor of Lagos State to demonstrate true leadership by intervening decisively to protect the rights and interests of all citizens, regardless of their ethnicity.”

https://dailypost.ng/2024/02/03/start-relocating-ohanaeze-on-demolition-of-igbo-populated-markets-in-lagos/

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Rahkman:
Them no even write am well its suppose to be daalu nke nnukwu, maybe na Google translate the person take write am, the thing been cause war for twitter with the ronus

They are 100% correct, 'ukwu' is central Igbo.

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JETTA007:
No matter how bad we see the country, we still thank God almighty for the little.......it means alot to us!........oya caption this pix 4 me!
ME: two wives loading!

Back-to-land.

[/color][color=#006600][/color][color=#006600][quote author=AlphaAutos post=128261974]You must not act like a tout to prove a baseless point. First ever Toyota Crown debuted in 2023, this is brand new 2024. The blurry pics is caused from the camera and it's black exterior.[/quote


I know two individuals that bought Toyota Crown cars in the 80s. It is a very good and strong luxury car only that it is not popular in Nigeria like other Toyota brands.

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Triangles1:
Don't mind them, tribalism children.

Parochial mind.

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Dminister:
Oga sit the way you like and just stop worrying about what people says. I personally prefer sitting like that because it makes me feel Iike I am in charge, It makes feel like the boss.

That's exactly what it is.

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drimzsmoke:
My elder sister always complain each time I'm seated this way, she says it's a sitting posture for gay men.
Some weeks back, we had a meeting at work. Where I was seated in the conference room, a lady worked up to me and asked why I was seated that way. I went online and downloaded this image from the godfather movie and showed it to her.
So seriously, is this sitting posture gay-like

Noway, it is not a sitting posture for gays rather it is a sitting position of an individual or personality that is in-charge. It portrays a sense of confidence.

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Nicepoker:
A true legend the raffia palm own is very delicious. That palm tree own you go borrowed extra teeth before you chop am.

Your are right.

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mariahAngel:
I remember one time in the village, my grandfather calling me and saying bia were akwa, which means come and take eggs .
I excitedly ran to him, only to be given these live creatures; No, thank you sir. 🤣🤣

So, can you eat these?
Have you had them before?
If you have, how do they taste?
What do you call them in your language?

Picture source: Instagram

Cc: Nlfpmod

I have eaten it severally and it tastes so good. We (Igbos) call it 'Eruru ngwo' because it is sourced from withered raffia palm tree. Though there is other specie called 'Eruru nkwu' which is sourced from withered oil palm tree.

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Nicepoker:
Palm tree larva. It will later metamorphosed into one black beetle with a horn

Yes, these are larva sourced from waned raffia palm tree which later metamorphosed to a kind of beetle found mostly in fresh palm wine. The Igbo name for this type of beetle is 'Akpakiri'. The other kind of larva is sourced from withered oil palm tree which metamorphosed to rhino beetle that you referred, Igbos call it 'Otugbu'. However, both are edible and nutritious.

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SAMBARRY:
exactly.as if if he didn't have money or he wasn't a superstar she will be forming understanding wife.abeg we know all this tricks

Aku feechaa odala awo...(A patient dog eats the fattest bone).

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flexyrule:
You are right... But can a chief of staff impeach a governor?

You should have made your point without mentioning the Speaker.

If not for the way our democracy has been badly battered, way back, the legislature used to be the nightmare of the executive.


I wish Fubara well in his administration...

I wish Wike well too!


And all Nigerians....

He alluded the Speaker because the comparison here is between the office of a chief of staff to a state governor and the office of a speaker of a state House of Assembly. Meanwhile, a speaker cannot impeach a governor, only a State House of Assembly is constitutionally invested with the power of impeachment; if you understand what I mean.