₦airaland Forum

Let me educate you a little about banking and first comer opportunities

The Capital base to start a bank was a billion naira

Lesser for a regional bank

If you have no idea the hush puppy’s garnered over 200m$ (That’s a number of banks)

Hush puppy could have opened a full Nigerian bank

That’s just one person

You have no idea what numbers 419 boys are pulling in Lekki

So yes, he was a crook

The principle of early entrants gives you opportunities you can’t get or harder to get in latter years

Like Flutterwage and Andela (I’m not saying this were funny money, but there were some funny practices though, not the topic of this discourse)

RealityGod:
This comment is false: “Any thief with opportunity can accomplish what you did.”

Most thief will rather take to women, clubbing building irrelevant projects and in some cases marrying extra wives. God don bless this man. Wealth has some little tricks attached to it. The honest truth is all what you mentioned against him is not enough to make him this wealthy else other thieves and hired assassins would be among the richest in the country.

This level of wealth operates on a mystery.

Precedence

What of 419, round tripping and cheating your old employer you worked with as a banker? There’s a reason you’re called cowboy banker.

Any thief with opportunity can accomplish what you did. Not everyone has the soul or strength to be a thIef and hardened at the same time

For Otedola to come out and say you basically cheated him out of transcorp, what of the many many you did it to that don’t have a platform? We’ll be calling out Nigerian elites, no more sweeping under the carpet. You and Dangote should be in jail

OKOSISIBF:
I wish someone can help me with this not like I don't know, I'm not sure. Where hausa people dey do their own jazz or do they have native doctors too

There’s a part of Islam that practices Sufism (mysticism). Others think it’s bid’ah (innovations in Islam) and therefore sinful

These ones dey call on jinns (demons essentially), aljanu in Hausa, to fight people spiritually, carry our attacks or get things they want done (money, love, killing etc)


They sacrifice all sorts of stuff and use all kinds of blood (if you know what I mean) to get prayers answered. They prepare amulets, prepare concoctions etc so basically king what the traditionalist they condemn also do

Tinubu supporters are desperate sha

When illorin begins their own version of Boko haram e go suprise people

Borno started like this
Niger state started like this
Kaduna has long promoted extremist teaching from Gumi senior to Gumi junior, so the fact that it attracted bandits and Boko haram doesn’t suprise anyone


Ilorin is going in that direction. The amount of jazz goin on in illorin through Islamic malams is more than what a lot of traditionalist do wrong. A wrong is a wrong

Okene was going that way too but yahaya Bello knows how to deal with his own people

Almost anybody right now should do better than Malami

Hopefully

Cos I said no one can do worse than buhari but Tinubu proved me wrong out the door

Shehu Sani fought for June 12 and was jailed by Abacha
Tinubu should remember to include him in his government, no matter how short it will be

The legendary back stabber has been back stabbed
Now you go know say e dey pain

Una never see
Give fake ruling and see

For the way England cheated nigeria, good job Spain

Commence

At least OSGF should be able to post better English

Everything can’t be second rate in Nigerian govt abeg

The sanctions will kill malnourished babies and lead to starvation

Migration will increase and crime in the Sahel could soar

No billion dollars without a crime

Let him go join Emefiele in jail

I’ve been waiting for this to be brought to light and hammered upon

If Emefiele is in jail so should Dangote

How can you give discounted billions to one man alone?

All he needs to do is colllect it from cbn and take it to Maitama to change with Malams and he’ll be a billionaire from it alone

Every person gets a limit to how much they can get from the cbn, not him. And the refinery is still not yet ready. How much does it take to build a brand new refinery?

Ethiopian air funds were transferred to him so he could transfer his Ethiopian cement factory funds to them in their country, the cbn gave only him that exception


These are not billionaires due to genius but the exploitation of politicians and a broken system to collect rent

Yahaya Bello had to open fire on him for exploiting kogi resources without paying any royalty and still sellling cement more expensive in kogi than his home state of Kano


Daylight thieves, cheats and crooks

His uncle Santana is long retired but Dangote had to drag this pooor man to tinubu’s banquet and has made him to start attending politicians’ functions just so the hammer won’t fall on him


Dangote is a crook and should sincerely be in jail

E don reach front page already

Nice work da uwa

Good bless you

Allah ya tsare ka

Nice job

ahmedfahad20:
*OPEN LETTER: PETITION TO PRESIDENT BOLA TINUBU AGAINST DANGOTE*

18 August 2023

His Excellency,
President Bola Ahmed Tinubu, GCFR
President
Federal Republic of Nigeria
State House
Abuja

Your Excellency,

*Subject: BRAZEN ILLEGALITY: HOW DANGOTE SIPHONED $3.4BILLION DOLLARS THROUGH THE CBN USING FORM A*

I write to you today as an alarmed Nigerian citizen and a tenacious advocate for social justice. I bring to your attention a scandalous issue of gross financial misconduct and illegality involving the Dangote Group - a flagrant abuse of the Central Bank of Nigeria's (CBN) forex guidelines for the past 10 years.

First exposed by Dr. Ope Banwo of Change Vigilantes International (CVI) in his 2016 petition to the former President Buhari(read here: https://www.ripplesnigeria.com/dangote-forex-violation-cbn/?amp) this brazen illegality involves a shocking violation of CBN guidelines, causing a USD 3.4 billion diversion from Nigeria's national treasury at rates between 150-200USD when the parallel exchange rate was more than double that. This insidious financial maneuvering still threatens the very stability of our country's economy even today.

Astoundingly, this flagrant siphoning was carried out using Form A, instead of the legal route through Form M, which is tantamount to a gross violation of the law as it offers no financial returns to our country. The barefaced audacity of these financial transgressions is further displayed by several implicated banks, which have audaciously sanctioned millions of dollars at the CBN rate to the Dangote Group, in direct violation of CBN's instructions to source funds from the parallel or interbank market.

These unscrupulous actions facilitated the illegal transfer of funds for supposed foreign investments, including the supposed construction of factories in countries like Congo and Liberia. These funds were moved out of Nigeria with the alleged unlawful aim of industrial developments in other nations, while our own country was left bereft of these much-needed investments.

More worryingly, there are several instances, such as in Liberia, where promised factories were never built. The siphoned funds were, instead, reportedly transferred to Dangote’s accounts abroad, thereby exploiting Form A for illicit cash movements that cannot be reclaimed by our country.

*It must be highlighted that the approvals sought from the CBN clearly stated that money sought by Dangote must be bought from the Interbank market - which means money outside the CBN. However, the funds were bought and transferred from the national treasury with the CBN, which was illegal. On a continued basis over the years and contrary to the approvals, Emefiele’s CBN continued illegally supplying money from Nigeria’s treasury at cheaper rates to Dangote Group (see some evidence attached). This is an illegality that must be righted. For instance in 2015, Form A number AA2541751 was used to transfer over 341million through telegraphic transfer (ECOBANK) in contravention of CBN directive to use interbank funds only for the Dangote Project in Cameroon whilst on February 12, 2016, Form A number AA2649626 was used to transfer over 420million for spare parts in Congo, also in contravention of the CBN directive.*


To further highlight the brazenness of these actions, it recently came to light that the suspended CBN Governor, Godwin Emefiele, had borrowed USD 1 billion from Afrexim Bank in the second quarter of 2023, USD 750 million of which was illegally funneled to Dangote at a concessionary rate. These funds were subsequently transferred to Dangote’s account abroad just as previously done in the past.
Your Excellency, as the beacon of hope for our nation's financial integrity, your swift action is desperately needed to rectify these glaring injustices. We implore you to order a comprehensive and immediate investigation into these flagrant violations of our financial laws.

We call upon you to ensure these stolen funds are returned and used for the betterment of our nation under your committed administration. This enforcement is essential not just to deter future violations but also to underscore the ethos of accountability and transparency that your administration represents. We enjoin you to direct the EFCC, ICPC, DSS and other relevant security agencies to investigate these illegal acts against our economy and ensure these funds are returned.

The time for a new era has come—an era where the rule of law supersedes illicit privileges, and economic justice becomes our national cornerstone. By addressing this issue decisively, you will send a powerful message that corruption, in all its forms, will no longer be tolerated in our country.

Thank you for your prompt attention to this urgent matter.

Yours faithfully,

Ahmed Fahad
A Concerned Nigerian and Social Justice Advocate

I’ve been waiting for this to be brought to light and hammered upon

If Emefiele is in jail so should Dangote

How can you give discounted billions to one man alone?

All he needs to do is colllect it from cbn and take it to Maitama to change with Malams and he’ll be a billionaire from it alone

Every person gets a limit to how much they can get from the cbn, not him. And the refinery is still not yet ready. How much does it take to build a brand new refinery?

Ethiopian air funds were transferred to him so he could transfer his Ethiopian cement factory funds to them in their country, the cbn gave only him that exception


These are not billionaires due to genius but the exploitation of politicians and a broken system to collect rent

Yahaya Bello had to open fire on him for exploiting kogi resources without paying any royalty and still sellling cement more expensive in kogi than his home state of Kano


Daylight thieves, cheats and crooks

His uncle Santana is long retired but Dangote had to drag this pooor man to tinubu’s banquet and has made him to start attending politicians’ functions just so the hammer won’t fall on him


Dangote is a crook and should sincerely be in jail

There are much simpler things like too much

1. Sugar
2. Salt
3. Sleep deprivation

They combine to cause diabetes, high bp and heart disease

She don set tone for property fight
I hope not
What is cars, keys, house handed over to me?

Hope all this nonsense is not because of asylum
It’s not worth your soul

Onome drop something for him now

If you’re interested in Canada for Masters only

5m

All expenses including cost of admission applications, IELTS cost, Medicals, PCC, study permit application for just one party (you’ll pay for additional wife and kids). You’ll cover flights, school fees, initial deposit and cost of living by yourself. You’ll also cover passport and any registry marital requirements

For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it?


Jesus in Luke 14:28


Oga don’t raise people’s hopes high because you can’t meet this fake promise

Several offers have conditions and not everyone will meet it

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You’re not serious

Tell Tinubu

Wahala be like trouble wey dey sleep

LikeAking:
Nothing is safe..

It can be safER

Bro code
Keep it healthy
Don’t abuse the relationship

MFA
Multi Factor Authentication
Even if they have your password they can’t log in

Way to go to help fight hunger and poverty

A servant became king with no plans