PointB:


That is your headache. My concern is about the Op's and your hypocrisy, and duplicity where the ACN thieves are concerned!

In otherwords, u arent interested in Okupe's thievery which is the subject matter here but ur personal issues with the Op and me. why dont u just open another thread for that nau

kasiem: see how rascally and barbaric u are. U don't believe in court process, yet you want to deceive me into believing that u have brain? Guess what! U need to sue ur maker for forgetting to give u brain during the process of ur creation. When gej called acn and their agberos rascals, i knew that he must've seen something. Okay, give me d videotape of where okupe said that he's a thief, i'm sure u are d person that interviewed him.

Fooool, u and I know that it will never get to court let alone believing or not believing the court processes. Infact, the same EFCC that ought to take him to court has already declared him innocent despite the dog coming out to declare that he indeed collected money for job not done. Okupe's Lawyers came out and their names were published. Am sure if they arent his lawyers, he would have come out to deny it. Continue to swim in ur deceit.
The dog is a Self-declared thief. Deal with it

Gbawe:

It is only "internet cheat"? I am actually using Juju that assists me to be everywhere at the same time. I am behind you right now. M0r0n. As for "which time are u using for work", do you think the world is only full of those who only know how to work and slave for others? Olodo.

Do you understand that there are many employers and self-made individuals/enterpreneurs whose time belong to them? Start thinking properly and you may escape the rat race instead of being at its mercy completely. Fool.

Demdem:

Fooool, u and I know that it will never get to court let alone believing or not believing the court processes. Infact, the same EFCC that ought to take him to court has already declared him innocent despite the dog coming out to declare that he indeed collected money for job not done. Okupe's Lawyers came out and their names were published. Am sure if they arent his lawyers, he would have come out to deny it. Continue to swim in ur deceit.
The dog is a Self-declared thief. Deal with it

kasiem: huh, self made internet agbero. Entrepreneurs always take out time to think of how to add innovations to their business, so which time are u using to think on how to make progress in ur self-acclaimed enterprise?

Femi Otedola debt mess; Banks threaten to take over properties


Billionaire Nigeria businessman, Femi Otedola is currently battling five Banks over his huge debt profile , as they have threatened to seize some of his choice properties used as collaterals, if payment arrangement is not guaranteed within the shortest possible time, pointblanknews.com has learnt.

Otedola owes Zenith Bank N68 Billion, GTBank, 31 Billion Naira, First City Monument Bank, FCMB, 19 Billion Naira, Access Bank N15.526 Billion Naira and UBA N36.862 Billion.

The total debt of Mr. Otedola, the chairman of Zenon Oil is estimated to be about 168 Billion Naira (Over 1 billion US dollars) as at December 2010. The total asset used as security for the debt is said to be worth about N70 billion.

Shares used by Otedola as collaterals for his various loans are: 1.441 Billion Units of Zenith Bank shares 24.813 million Units of MRS Oil 14.163 million Shares of Mobil Oil 159.395 million shares units of AP (African Petroleum) Plc 67.053 million shares unit of AP PLC 1.775 million shares units of MRS Oil 36.4 million shares of AP PLC.

Properties used are: 5, Tiamiyu Savage Street, Victoria Island, Zenon Place, 13, Walter Carrington Crescent, Victoria Island, Zenon Apartment, 12, Temple Road, Ikoyi, Lagos, Zenon Court, 3B, Agodogba Avenue, Parkview Estate, Ikoyi, Lagos, Zenon Jetty, 13, Walter Carrington Crescent, Victoria Island, Lagos, Zenon Diesel Direct Station, 104/106, Apapa, Oshodi Expressway, Lagos, Zenon Diesel Direct Station, Ijesha, Lagos and Zenon Lofts.


Others are: 175,Sani Abacha Way, GRA, Phase II, Port Harcourt, Zenon Gardens, 872, Ozumba Mbadiwe Street, Victoria Island, 8A, Ogalade Close, Victoria Island, Lagos, Blue Waterfront Scheme, Lekki, Lagos, Plot 9, Block 80, Off Emma Abimbola Cole, Lekki, Lagos, 23, Mekunwen Road, Ikoyi, Lagos, Plot 100, Obudu Street, Off Aso Drive, Asokoro, Abuja, Zenon Petroleum Terminal I, Ibafon, Apapa, Lagos, Zenon Petroleum Terminal II, Ibafon, Apapa, Lagos, 18, Ladipo Oluwole Street, Apapa, Lagos, Plot C21, Industrial Road, Amuwo Odofin, Lagos, 1, Madiana Close, Wuse II, Abuja, Zenon Towers, 1, Cooper Raod, Ikoyi, Lagos and Zenon House, 2 Ajose Adeogun Street, Victoria Island, Lagos.

Various sources at the five banks told Pointblanknews.com that the management of the Banks are now fed up with tactics implored by Otedola to deny the banks of the loans he obtained to boost his business empire.


Otedola'a group had headed to a court claiming that the five banks have over inflated the debt he owe, alleging that some of the deductions made by the banks are fraudulent.

But the Banks dismissed his allegation insisting that his properties in highbrow areas in Abuja, Victoria Island, Port Harcourt, Ikoyi and other major towns in Nigeria would soon be seized except the former Billionaire and son of former Lagos State Governor has a concrete plan to pay back all loans.

A source in Zenith Bank said “we are just tired of all his antics and tactics to delay payment of all the loans he collected. We are currently talking with our lawyers on a possibility of going after his properties. I understand other banks he owes are considering the same. We can no longer continue to fold our arms and watch his games.”

Another source in UBA said “yes we have concluded plans to adopt another method in having Otedola pay back his loans. We are aware that he claimed that deductions made so far which are merely the interests on the loans are illegal, so we would now have to compile a list of his properties and take over them if he fails to reach a concrete payment agreement.”

kasiem: calling u an imbe.cile will be a great honor to ur status, cos an imbe.cile has a scintilla of brain. Rascal, is it not our courts that convicted bode george, ibru, akingbola etc? Is it not our courts that ousted pdp gov'nors in favor of acn crooks? Ur drunk of a father must be regretting why he wasted his watery sperm in bringing u into this world. Posterity will never forgive ur family for bringing a nuisance into this world.

Is it not also the courts that convicted Clifford orji for him to be labelled a Man-eater by all before he met his untimely death of recent stil awaiting trial. Okupe came out to confess that he collected money (he hasnt returned) for job not done and u think that is a good thing to do. Am so much sorry for the seeds that will come from u. Even before they come into this world, they are already doomed. I hope u are suddenly cut off by the Retardeen's brothers and sisters (Boko Haram)

Demdem:

Is it not also the courts that convicted Clifford orji for him to be labelled a Man-eater by all before he met his untimely death of recent stil awaiting trial. Okupe came out to confess that he collected money (he hasnt returned) for job not done and u think that is a good thing to do. Am so much sorry for the seeds that will come from u. Even before they come into this world, they are already doomed. I hope u are suddenly cut off by the Retardeen's brothers and sisters (Boko Haram)

kasiem: Gbawe, why not give us concrete answer on why u're always online? Are u doing online nurtw for acn?

kasiem: oh, i'm still waiting for d videotape of that confession, or are u being stingy with it? Since we should do away with due process, let's move into the street and killing anybody that has been enviously or wrongly accused. I blame d network that took service to caves. Abeg, waito are u not one of those who ran away during the strike of psychiatrists in edo?

Videotape ko, video heand ni
Someone publicly and willingly claimed he took money for work not done and u are here expecting me to bring evidence.
u gat jokes dumb.

sheyguy: Kasiem u r always online, the fac that u r there for a particular reason does not equate to others being there for the same reason. . . u really av to understand this.

Demdem:

Videotape ko, video heand ni
Someone publicly and willingly claimed he took money for work not done and u are here expecting me to bring evidence.
u gat jokes dumb.

Gbawe:

Well, you are online as much as I am. Why not explain your time here also? After all, it is logical you would have to be online as much as I am to note my logged in time. Is this not so? What fools like you cannot fathom is that unlimited broadband and cheap mobile browsing means many Nairalanders will show logged on status when not even physically online. Olodo. You must think everyone is using the pay-as-you-go starcomm modem you spend all your salary on.

sheyguy: Kasiem u r always online, the fac that u r there for a particular reason does not equate to others being there for the same reason. . . u really av to understand this.

kasiem: keep on prevaricating

kasiem: was it in ur village square that okupe did the confession? Okay, u just want to swallow ur fallacies and rumors? What a pathetic loser

Hopeless iidiot. Reasoning with u is a waste. The next thing i will hear is the dog, Okupe didnt ask his lawyer to speak on his behalf.Ur case is pathetic. Ode

Demdem:

Hopeless iidiot. Reasoning with u is a waste. The next thing i will hear is the dog, Okupe didnt ask his lawyer to speak on his behalf.Ur case is pathetic. Ode

Demdem:

Hopeless iidiot. Reasoning with u is a waste. The next thing i will hear is the dog, Okupe didnt ask his lawyer to speak on his behalf.Ur case is pathetic. Ode

Demdem:

Hopeless iidiot. Reasoning with u is a waste. The next thing i will hear is the dog, Okupe didnt ask his lawyer to speak on his behalf.Ur case is pathetic. Ode

Demdem:

Hopeless iidiot. Reasoning with u is a waste. The next thing i will hear is the dog, Okupe didnt ask his lawyer to speak on his behalf.Ur case is pathetic. Ode

sheyguy: How does a law firm representing a crook to admit his past compare to parents making claims . . . Someone is clearly confused here. Okupe is a crook and he has admit it. . . EOD

Gbawe:

Oponu, olodo and hollow local champion, you are showing your vacuous limitations here. Much as losers and unambitious cretins like you love focusing on individuals, you will still be unable to distract balanced and[b] exposed[/b] folks from noting that it is not Gbawe who made Nigeria, the biggest black Nation on Earth, record its most disgraceful Olympic outing in modern history.

Rather, and without doubt, it is it the cronyism, celebration of criminality and round-pegs-in-square-hole approach of this Government that is now seeing Nigeria going down hill fast in every facet of National life. There are far too many examples fools like you miss in preference for your ethnically and bias-motivated defence of that which must not be defended.

When GEJ dismissed far more competent Police bosses to accommodate the mediocrity (Ringim) who would help him use the Nigerian Police force partisanly, was it not obvious Nigeria would pay for such cronyism in future? When GEJ rewarded Haliru Bello with the Defence Minister role he did not deserve, simply because Bello helped GEJ win the 2011 elections, did fools like you think there will be no attendant negative consequences for the security of Nigerian lives and property?

Your President engages in the empowerment of corruption and mediocrity everyday, to the detriment of your nation, and cretins like you are here making fellow bloggers the centre of attention. Total proof of the lack of political sophistication facilitating the stagnation and looting of Nigeria. Much like GEJ, Nigeria is becoming increasingly about abject mediocrity, mindless corruption and the empowerment of the most undeserving in the land.

warrior01:
sir, in all honesty; are you ok?

Gbawe:

Mad fool. It is obvious you are the one who is not "ok". Silly twerp.

kasiem: gbawe, dat guy hit u well well o.