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Travel / Re: Canadian Federal Skilled Worker Program-timelines Here by BabaOlu(m): 8:41pm On Jul 02, 2014
Hello house,

You guys are all doing a great job here. Please keep it up!!!

solomonwis:

You need PCC for everyone (spouse,children and adopted children above the age of 18 years) whether they are accompanying you to Canada or not.

ferdimako:
Sent them..pls help others. Squad rotation!
Travel / Re: I Want To Give Birth In Us by BabaOlu(m): 11:00pm On Nov 02, 2011
@Ajanlekoko,

Thanks for your response. How can I reach you?
Travel / Re: I Want To Give Birth In Us by BabaOlu(m): 10:13pm On Nov 02, 2011
@ Ajanlekoko

Is it true that immigration turn pregnant women back at the point of entry or give them just 1 0r 2 months entry clearance? If yes, how can one beat the low entry clearance game?
Travel / Re: Give Birth In USA: Cost And Procedure? by BabaOlu(m): 10:09pm On Nov 02, 2011
Is it true that immigration turn pregnant pregnant women back at the point of entry or give them just 1 0r 2 months entry clearance? If yes, how can one beat the low entry clearance game?
Politics / Re: Boko Haram Suspected Financier Executed - Which Way Nigeria by BabaOlu(m): 8:13am On Aug 08, 2009
Boko Haram: SSS boss blocks investigation of Modiboo


Dr. Ahmed Modibbo

The decision of President Umaru Musa Yar’Adua to probe the Boko Haram crisis through his National Security Adviser (NSA), Major-General Abdullahi Sarki Muktar (retd) may have reached a dead end following moves by the Director-General of the State Security Service (SSS), Afakriya Gadzama to block all security agencies from investigating the alleged culpability in the crisis of his former classmate and Executive Secretary of Universal Basic Education Commission (UBEC), Dr. Ahmed Modibbo.

Pointblanknews.com had recently broken the story that some top security chiefs were analyzing a lead that Modibbo’s decision to divert close to N6 billion meant for the feeding of indigent pupils under a special UBEC programme may have heightened the ease with which the children swelled the ranks of the Boko Haram sect.

advertisement

Apart from international odium which the four-day crisis brought to bear on Nigeria, over 800 persons including military and police officers lost their lives. Several police stations were torched by the sect members in some parts of Northern Nigeria, while destruction became the lot of properties worth hundreds of millions of naira.

But speaking on Tuesday when the President of the Republic of Benin, Boni Yayi visited in Abuja, Yar’Adua disclosed that he had instructed his NSA to investigate “all the events” and carry out a “post-mortem with the security agencies as a first step, so that we can have a full report of what happened during the crisis.”

Some officials in the office of the NSA’s told Pointblanknews.com that the President’s order to their boss may be “a very tall order” given what they said was Gadzama’s seeming resolve “to work at cross-purposes with our office since the onset of the crisis.”

Said one of the sources: “Even before the outbreak of the crisis (Boko Haram) we were working on a lead that the SSS DG (Gadzama) has been compromising his office by frustrating any attempt to investigate Modibbo, whom we understand was his classmate at Ahmadu Bello University, Zaria. We understand both graduated with honours degrees in history in 1976 or so.”

The source volunteered that they were also working on another lead revealing how the SSS boss “helped cover Modibbo’s tracks by planting SSS officers on his perceived lecturer-opponents, particularly after he (Modibbo) was indicted by the Estate Department of ABU for forgeries of documents when he chaired the committee on the rehabilitation of Senior Staff Quarters in the school.”

Offered the security official, “our investigations revealed that no sooner had Modibbo been indicted for fraudulently falsifying the figures on the cost of the exercise, than he began to use Gadzama to plant beer in the refrigerators of those he suspected spearheaded his indictment, fully aware that the punishment for such was dismissal. And that was how a good number of otherwise innocent lecturers were shown the way out of ABU.”

Another official in the NSA’s office recounted how they were “completely scandalized” to learn of how Modibbo got Gadzama to vet and submit an unsigned and undated “Investigation report on suspected fraudulent activities of Inter-markets Nig. Ltd to Mr. President.”

He affirmed: “We now have sufficient reasons to believe that a 17-page document authored by Modibbo’s lawyer, one John Gaul Lebo, who sent EFCC a petition on 31 st October, 2008 on the same Intermarkets’ issue, is the same document Gadzama forwarded Mr. President as “SSS comprehensive report on alleged fraud by Intermarkets Nig. Ltd.”

The official also narrated how, in their professional opinion, the SSS boss “blundered by allowing Modibbo con him into substituting the name of a principal officer in UBEC under investigation, just to settle old scores.”

He explained: “Now, Manasseh Mulkat Mutfwang is the suspended UBEC deputy director of procurement. Paul is Manasseh’s elder brother and Modibbo’s former teacher-colleague at ABU. But in all SSS reports on the N850 million contract scam, what kept appearing was Paul Mutfwang and not Manasseh Mutfwang. We kept scratching our heads, trying to figure out why the SSS DG would allow what we thought was a slip in a matter involving N850 million. Why he chose to write Paul Mutfwang instead of Manasseh Mutfwang? Not anymore.

“In about 1989, we gathered, Paul Mutfwang and Modibbo, who at the time was also teaching in ABU, had a brawl on the heels of a reckless declaration by Modibbo that his Hausa-Fulani ethnic stock were divinely ordained to lord over Muftwang’s so-called Northern minorities.

“In the course of the brawl, Modibbo, we gathered, almost lost an eye. 20 years later, Paul, a political science lecturer in Zaria, finds his name in the ‘credible SSS report’ to Mr. President in a matter involving UBEC’s headquarters in Abuja. A certain Patrick Bassey signs a letter covering this ‘credible SSS report’ on behalf of his boss, Gadzama, to Mr. President on 7th April, 2009. This must be the eighth wonder of the world,” snickered the official.

The official said they were also investigating the possibility that a sponsored arsonist was behind the recent torching of ABU’s history department which housed the documents indicting the UBEC boss for allegedly mismanaging funds for the renovation of senior staff quarters. “With rumours making the rounds that Modibbo is eyeing the Adamawa governorship seat in 2011, it would be too risky to leave any indicting reports to chance,” opined the security official.

Another official in the office of the NSA gave an insight into what they said was Gadzama’s penchant for circumventing “due process” in the conduct of his professional duties, a development the official said largely called to question the reliability of the numerous security reports which the SSS boss churns out to the President on a daily basis.

advertisement

He recalled how Gadzama had in the wake of the SSS investigation into the UBEC scam, personally handed Modibbo an SSS summons on some UBEC officials, saying the move ran “against laid down procedures for communicating inter-agency official correspondences.”

“We were totally disappointed but not surprised to note that the summons to the UBEC officers on “Investigation Activities” with reference number S.605/8708, and dated November 19, 2008, was personally delivered to Modibbo by the SSS DG, because none of the letters on which Modibbo later minuted on was acknowledged by UBEC’s registry officials as having being received by them.

“Another blunder happened shortly thereafter, but this time it was the EFCC. In a February 9, 2009 letter with reference number CR:3000/EFCC/ABJ/ASO/TB/Vol 8/97, EFCC advised Modibbo to release the four officers “to interview the undersigned through O/C Team B on Wednesday, 11 th February, 2009, by 100.00 hrs at No. 1 Mohammed Bello Street, Asokoro, Abuja.

“Even though the letter was signed on behalf of the EFCC chairman, Modibbo didn’t have any qualms about unilaterally changing the date stated for the summons. Instead of Wednesday, 11 th February, 2009, written by EFCC in black and white, Modibbo unilaterally changed the date with his red pen to Tuesday, 17 th February, 2009,” he clarified.

Meanwhile, the Federal Executive Council (FEC) on Wednesday to approve a proposal by the Minister of State for Education, Hajiya Aishatu Dukku to empower Modibbo award contracts for six yet-to-be ascertained items totaling N2.45 billion. Modibbo had on 22 nd June, 2009, secured the nod of the Ministerial Tenders Board to award contracts totaling N3.3 billion. He has since awarded the contracts to his numerous mistresses and cronies.

Pointblanknews.com gathered from Presidency sources that FEC rejected the memo to avert the embarrassment it would have caused the Yar’Adua administration, which is still struggling to dust off the ashes of the Boko Haram crisis.

Sources close to the Ministry of Education had confided in Pointblanknews.com that the contracts for the “six items” were designed to line the pockets of First Lady Turai Yar’adua, Secretary to the Government of the Federation (SGF), Yayale Ahmed, minister of agriculture, Dr. Said Abba Ruma, and Katsina-based notorious smuggler, Alhaji Dahiru Mangal “so that they may continue to give Dukku and Modibbo the necessary backing to perpetrate atrocities.”
Politics / Re: Boko Haram Leader Interogation Before Execution And Police Killing A Civilian by BabaOlu(m): 8:09am On Aug 08, 2009
Boko Haram: SSS boss blocks investigation of Modiboo


Dr. Ahmed Modibbo

The decision of President Umaru Musa Yar’Adua to probe the Boko Haram crisis through his National Security Adviser (NSA), Major-General Abdullahi Sarki Muktar (retd) may have reached a dead end following moves by the Director-General of the State Security Service (SSS), Afakriya Gadzama to block all security agencies from investigating the alleged culpability in the crisis of his former classmate and Executive Secretary of Universal Basic Education Commission (UBEC), Dr. Ahmed Modibbo.

Pointblanknews.com had recently broken the story that some top security chiefs were analyzing a lead that Modibbo’s decision to divert close to N6 billion meant for the feeding of indigent pupils under a special UBEC programme may have heightened the ease with which the children swelled the ranks of the Boko Haram sect.

advertisement

Apart from international odium which the four-day crisis brought to bear on Nigeria, over 800 persons including military and police officers lost their lives. Several police stations were torched by the sect members in some parts of Northern Nigeria, while destruction became the lot of properties worth hundreds of millions of naira.

But speaking on Tuesday when the President of the Republic of Benin, Boni Yayi visited in Abuja, Yar’Adua disclosed that he had instructed his NSA to investigate “all the events” and carry out a “post-mortem with the security agencies as a first step, so that we can have a full report of what happened during the crisis.”

Some officials in the office of the NSA’s told Pointblanknews.com that the President’s order to their boss may be “a very tall order” given what they said was Gadzama’s seeming resolve “to work at cross-purposes with our office since the onset of the crisis.”

Said one of the sources: “Even before the outbreak of the crisis (Boko Haram) we were working on a lead that the SSS DG (Gadzama) has been compromising his office by frustrating any attempt to investigate Modibbo, whom we understand was his classmate at Ahmadu Bello University, Zaria. We understand both graduated with honours degrees in history in 1976 or so.”

The source volunteered that they were also working on another lead revealing how the SSS boss “helped cover Modibbo’s tracks by planting SSS officers on his perceived lecturer-opponents, particularly after he (Modibbo) was indicted by the Estate Department of ABU for forgeries of documents when he chaired the committee on the rehabilitation of Senior Staff Quarters in the school.”

Offered the security official, “our investigations revealed that no sooner had Modibbo been indicted for fraudulently falsifying the figures on the cost of the exercise, than he began to use Gadzama to plant beer in the refrigerators of those he suspected spearheaded his indictment, fully aware that the punishment for such was dismissal. And that was how a good number of otherwise innocent lecturers were shown the way out of ABU.”

Another official in the NSA’s office recounted how they were “completely scandalized” to learn of how Modibbo got Gadzama to vet and submit an unsigned and undated “Investigation report on suspected fraudulent activities of Inter-markets Nig. Ltd to Mr. President.”

He affirmed: “We now have sufficient reasons to believe that a 17-page document authored by Modibbo’s lawyer, one John Gaul Lebo, who sent EFCC a petition on 31 st October, 2008 on the same Intermarkets’ issue, is the same document Gadzama forwarded Mr. President as “SSS comprehensive report on alleged fraud by Intermarkets Nig. Ltd.”

The official also narrated how, in their professional opinion, the SSS boss “blundered by allowing Modibbo con him into substituting the name of a principal officer in UBEC under investigation, just to settle old scores.”

He explained: “Now, Manasseh Mulkat Mutfwang is the suspended UBEC deputy director of procurement. Paul is Manasseh’s elder brother and Modibbo’s former teacher-colleague at ABU. But in all SSS reports on the N850 million contract scam, what kept appearing was Paul Mutfwang and not Manasseh Mutfwang. We kept scratching our heads, trying to figure out why the SSS DG would allow what we thought was a slip in a matter involving N850 million. Why he chose to write Paul Mutfwang instead of Manasseh Mutfwang? Not anymore.

“In about 1989, we gathered, Paul Mutfwang and Modibbo, who at the time was also teaching in ABU, had a brawl on the heels of a reckless declaration by Modibbo that his Hausa-Fulani ethnic stock were divinely ordained to lord over Muftwang’s so-called Northern minorities.

“In the course of the brawl, Modibbo, we gathered, almost lost an eye. 20 years later, Paul, a political science lecturer in Zaria, finds his name in the ‘credible SSS report’ to Mr. President in a matter involving UBEC’s headquarters in Abuja. A certain Patrick Bassey signs a letter covering this ‘credible SSS report’ on behalf of his boss, Gadzama, to Mr. President on 7th April, 2009. This must be the eighth wonder of the world,” snickered the official.

The official said they were also investigating the possibility that a sponsored arsonist was behind the recent torching of ABU’s history department which housed the documents indicting the UBEC boss for allegedly mismanaging funds for the renovation of senior staff quarters. “With rumours making the rounds that Modibbo is eyeing the Adamawa governorship seat in 2011, it would be too risky to leave any indicting reports to chance,” opined the security official.

Another official in the office of the NSA gave an insight into what they said was Gadzama’s penchant for circumventing “due process” in the conduct of his professional duties, a development the official said largely called to question the reliability of the numerous security reports which the SSS boss churns out to the President on a daily basis.

advertisement

He recalled how Gadzama had in the wake of the SSS investigation into the UBEC scam, personally handed Modibbo an SSS summons on some UBEC officials, saying the move ran “against laid down procedures for communicating inter-agency official correspondences.”

“We were totally disappointed but not surprised to note that the summons to the UBEC officers on “Investigation Activities” with reference number S.605/8708, and dated November 19, 2008, was personally delivered to Modibbo by the SSS DG, because none of the letters on which Modibbo later minuted on was acknowledged by UBEC’s registry officials as having being received by them.

“Another blunder happened shortly thereafter, but this time it was the EFCC. In a February 9, 2009 letter with reference number CR:3000/EFCC/ABJ/ASO/TB/Vol 8/97, EFCC advised Modibbo to release the four officers “to interview the undersigned through O/C Team B on Wednesday, 11 th February, 2009, by 100.00 hrs at No. 1 Mohammed Bello Street, Asokoro, Abuja.

“Even though the letter was signed on behalf of the EFCC chairman, Modibbo didn’t have any qualms about unilaterally changing the date stated for the summons. Instead of Wednesday, 11 th February, 2009, written by EFCC in black and white, Modibbo unilaterally changed the date with his red pen to Tuesday, 17 th February, 2009,” he clarified.

Meanwhile, the Federal Executive Council (FEC) on Wednesday to approve a proposal by the Minister of State for Education, Hajiya Aishatu Dukku to empower Modibbo award contracts for six yet-to-be ascertained items totaling N2.45 billion. Modibbo had on 22 nd June, 2009, secured the nod of the Ministerial Tenders Board to award contracts totaling N3.3 billion. He has since awarded the contracts to his numerous mistresses and cronies.

Pointblanknews.com gathered from Presidency sources that FEC rejected the memo to avert the embarrassment it would have caused the Yar’Adua administration, which is still struggling to dust off the ashes of the Boko Haram crisis.

Sources close to the Ministry of Education had confided in Pointblanknews.com that the contracts for the “six items” were designed to line the pockets of First Lady Turai Yar’adua, Secretary to the Government of the Federation (SGF), Yayale Ahmed, minister of agriculture, Dr. Said Abba Ruma, and Katsina-based notorious smuggler, Alhaji Dahiru Mangal “so that they may continue to give Dukku and Modibbo the necessary backing to perpetrate atrocities.”
Politics / Latest Revelation Linking Ibb To Mko Abiola & Abacha's Death by BabaOlu(m): 8:53am On Aug 06, 2009
Pls read the gist in the following links. It's quite revealing.

http://www.pointblanknews.com/os1891.html

http://www.pointblanknews.com/os1939.html

Happy reading.
Politics / Re: Islamists To Yar’adua: We Want Total Islam - PM News by BabaOlu(m): 8:38am On Aug 06, 2009
Do you want to know the possible root cause of the emergence of "Boko Haram" and cover-ups of this extra judicial killings? Read the information on these links below and make your judgement?

http://www.pointblanknews.com/os1997.html

http://www.pointblanknews.com/os1975.html

http://www.pointblanknews.com/os1963.html

This dey happen in naija.
Politics / Re: Detained Nigerian Sect Head 'Dead' - Breaking News by BabaOlu(m): 8:36am On Aug 06, 2009
Do you want to know the possible root cause of the emergence of "Boko Haram" and cover-ups of this extra judicial killings? Read the information on these links below and make your judgement?

http://www.pointblanknews.com/os1997.html

http://www.pointblanknews.com/os1975.html

http://www.pointblanknews.com/os1963.html

This dey happen in naija.
Politics / Re: Boko Haram Suspected Financier Executed - Which Way Nigeria by BabaOlu(m): 8:32am On Aug 06, 2009
Do you want to know the possible root cause of the emergence of "Boko Haram" and cover-ups of this extra judicial killings? Read the information on these links below and make your judgement?

http://www.pointblanknews.com/os1997.html

http://www.pointblanknews.com/os1975.html

http://www.pointblanknews.com/os1963.html

This dey happen in naija.
Politics / Re: Boko Haram Leader Interogation Before Execution And Police Killing A Civilian by BabaOlu(m): 8:23am On Aug 06, 2009
Do you want to know the possible root cause of the emergence of "Boko Haram" and cover-ups of this extra judicial killings? Read the information on these links below and make your judgement?

http://www.pointblanknews.com/os1997.html

http://www.pointblanknews.com/os1975.html

http://www.pointblanknews.com/os1963.html

Things dey happen in naija.
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 2:58pm On Mar 14, 2008
@ Wanajo
FieldMashal General. I take God beg you, pls email me the company name on oglumide at yahoo dot com
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 4:33pm On Mar 13, 2008
@ Aptopgun,

Please help analyse the AG leventis chart. Thanks
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 7:51pm On Jan 26, 2008
@All,

I think we may beging to witness share reconstructions by the Banks now that most of them are having overbloated outstanding share. This may begin with Acess Bank & Oceanic Bank. What do the house think?
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 7:44pm On Jan 26, 2008
@Aktopgun,

How you dey? How is Tobechukwu doing? Pls which broker you dey use?
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 7:41pm On Jan 26, 2008
[quote][/quote]wanaj0
« #12473 on: Today at 06:07:44 PM »  

--------------------------------------------------------------------------------
Quote from: debenzd on Today at 05:51:43 PM
Hi Wanajo, what do you think is the implication of this on the price of Access?

Many thanks for your insight.


overbloated oustanding shares

Watchout for another round of share reconstruction by Access Bank
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 1:49pm On Jan 25, 2008
@ No_Shaking

So you be member of Yakoyo restaurant!!
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 9:38pm On Jan 17, 2008
@ Abu-Maryam

Thanks for your response. It's highly appreciated.
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 9:00pm On Jan 17, 2008
@ aktopgun,

Pls send me your mail addy on oglumide at yahoo . com. I won ask you some stuff.

@ easimoni,
Can you provide some materials to learn Tech. Analysis in order to fully understand this RSI, oversold/overbought gist?
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 2:09pm On Jan 17, 2008
@ alliednetw

Chams PP

Contact me at once if you're interested on 08028338497 before the end of business today. My contact still have it till tomorrow morning.
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 1:43pm On Jan 17, 2008
@ aktopgun,

It is well with your son, Tobechukwu and your entire family in Jesus name. You and your wife we leave to testify to the goodness of God on Tobechukwu in Jesus name, Amen.

Pls send me your email on oglumide at yahoo . com, I need to ask you a few stuff.
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 9:12pm On Jan 16, 2008
FatherOF2

Pls whats your take on Linkage as per my prevous post.
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 8:41pm On Jan 16, 2008
@ FatherOf2

Whats is your take on Linkage assurance? It's like the company on a turnaround to profit-making as per the jist below.

Linkage bounces back on 2006 full year results
Written by Ifeanyi Ugwuadu and Lisa Chiekwu
Wednesday, 16 January 2008
Just one year after declaring a loss of N765 million, Linkage Assurance seem to have rediscovered its winning ways again, driving its 2005 loss situation to a pretax profit of N76 million. The company also declared a profit after tax of N72 million.

Although the board announced a no-dividend result, shareholders shared in the recovery strategy of the company and gave a pass mark to the management for reversing the huge loss position to a healthy profit. But, they hoped that 2007 results will be far better than 2006.

Premium income dipped 24 percent at N837 million from about N1 billion in 2005. Shareholders' funds rose to N2.2 billion, representing over 100 percent increase over last year’s N979 million. The balance sheet also grew to N3.2 billion, a 28% growth over 2005 position of N2.5billion.

Board chairman, Mr Babatunde Fatayi-Williams informed shareholders that the decline in premium income was due to huge portfolio of the defunct Allstates Bank which was largely insured by the underwriter.

He said the loss of the bank’s business naturally dented the insurer’s premium profile.
Fatayi-Williams also clarified that Allstates never was part of the ownership structure of the company.

“At no point did Allstates have a single share in Linkage,” he stated assuring shareholders that their investments in Linkage is intact pointing to capital appreciation as one factor that should give investors renewed hope in the company.

However, he disclosed that the insurer’s business links with Allstates did not inflict much harm on the company’s financial status owing to a timely public offer that raised the substantial capital to the company.

On the money trapped in the defunct bank, now purchased by Ecobank, deputy managing director of the company, Mrs Durosinmi-Etti explained that the repayment plan classified them as creditors and as such the company may be one of the last to be paid.

The Annual general meeting held in Lagos Thursday was the first since the old linkage merged with CICO last year and it flaunted a much larger and deeper board. Senator Udo Udoma, Chief John Edozien, Chief Raymond Ihyembe are some of the new faces in the 12-man board.

The board chairman assured shareholders that they will attest to the strength of the new board in the coming months and years when he hopes the income profile of the company will rise appreciably.

He attributed the delay in holding the AGM to knotty consolidation and integration issues that had to be tackled before coming to address the shareholders.

He acquiesced to shareholders request that the company’s quest for fresh capital should not be restricted to private placement only but should also explore Rights Issue so that shareholders can grab their rights.
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 6:42pm On Jan 16, 2008
@ FatherOf2, easimonie and other guru

Whats is your take on Linkage assurance? It's like the company on a turnaround to profit-making as per the jist below.

Linkage bounces back on 2006 full year results
Written by Ifeanyi Ugwuadu and Lisa Chiekwu
Wednesday, 16 January 2008
Just one year after declaring a loss of N765 million, Linkage Assurance seem to have rediscovered its winning ways again, driving its 2005 loss situation to a pretax profit of N76 million. The company also declared a profit after tax of N72 million.

Although the board announced a no-dividend result, shareholders shared in the recovery strategy of the company and gave a pass mark to the management for reversing the huge loss position to a healthy profit. But, they hoped that 2007 results will be far better than 2006.

Premium income dipped 24 percent at N837 million from about N1 billion in 2005. Shareholders' funds rose to N2.2 billion, representing over 100 percent increase over last year’s N979 million. The balance sheet also grew to N3.2 billion, a 28% growth over 2005 position of N2.5billion.

Board chairman, Mr Babatunde Fatayi-Williams informed shareholders that the decline in premium income was due to huge portfolio of the defunct Allstates Bank which was largely insured by the underwriter.

He said the loss of the bank’s business naturally dented the insurer’s premium profile.
Fatayi-Williams also clarified that Allstates never was part of the ownership structure of the company.

“At no point did Allstates have a single share in Linkage,” he stated assuring shareholders that their investments in Linkage is intact pointing to capital appreciation as one factor that should give investors renewed hope in the company.

However, he disclosed that the insurer’s business links with Allstates did not inflict much harm on the company’s financial status owing to a timely public offer that raised the substantial capital to the company.

On the money trapped in the defunct bank, now purchased by Ecobank, deputy managing director of the company, Mrs Durosinmi-Etti explained that the repayment plan classified them as creditors and as such the company may be one of the last to be paid.

The Annual general meeting held in Lagos Thursday was the first since the old linkage merged with CICO last year and it flaunted a much larger and deeper board. Senator Udo Udoma, Chief John Edozien, Chief Raymond Ihyembe are some of the new faces in the 12-man board.

The board chairman assured shareholders that they will attest to the strength of the new board in the coming months and years when he hopes the income profile of the company will rise appreciably.

He attributed the delay in holding the AGM to knotty consolidation and integration issues that had to be tackled before coming to address the shareholders.

He acquiesced to shareholders request that the company’s quest for fresh capital should not be restricted to private placement only but should also explore Rights Issue so that shareholders can grab their rights.
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 6:56pm On Nov 29, 2007
@wanajo,
thanks for your response. Pls what is there address at Island and who do you recommend I meet for effective service?
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 6:46pm On Nov 29, 2007
@wanajo,
what's the minimum money required to open account with afrinvest?
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 5:40pm On Nov 29, 2007
@Wanajo (Olu of NSE),
Like Jacob said to that Angel, "I will not leave you unless you bless me". I no go leave you untill you send me the spreadsheet. grin
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 5:20pm On Nov 29, 2007
--------------------------------------------------------------------------------
@Fatherof2 (aka, Baba Ibeji). "The NSE Market Timer Bump",
Please Carry go, lets forget the side talks. Its always good to have varieties. Despite the fact that I am a chronic fundamentalist, I personally think it is also good to learn on how to take advantages of market turn-around timing. So keep the Bumper strategy flowing.

@Wanajo (The Olu of NSE himself),
Please send me the speadsheet, I take God beg you. Abi you want make I send you MEND  Thanks in advance. My email is oglumide at yahoo.com
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 5:10pm On Nov 29, 2007
@Fatherof2 (aka, Baba Ibeji). "The NSE Market Timer Bump",
Pls Carry go, lets forget the side talks. Its always good to have varieties. Despite the fact that I am a chronic fundamentalist, I personally think it is also good to learn on how to take advantages of market turn-around timing. So keep the Bumper strategy flowing.

@Wanajo (The Olu of NSE himself),
Pls send me the speadsheet, I take God beg you. Abi you want make I send you MEND grin Thanks in advance. My email is oglumide at yahoo.com
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 4:46pm On Nov 29, 2007
@Wanajo,

Honourable "Olu of NSE", I still dey wait for the spreadsheet Ooo. Pls no leave out.
Investment / Re: Stock Market Tips For Nigerians by BabaOlu(m): 4:11pm On Nov 29, 2007
@Wanajo,
Pls Ooooo. I am your addent reader on this thread. Pls send me the Spreadsheet, I take God beg you. My email is oglumide at yahoo . com.
Investment / Re: Effect Of Naira Redomination On Stock Market Investments? by BabaOlu(m): 8:07am On Aug 17, 2007
@ all,
I guess removing two zeros from the status –quo is not the best way to strengthen the Naira. It is all mathematical fraud or you may want to call it gimmick. “Water, they say will always find its level”, let the government embark on aggressive revamping of the nation’s infrastructures which will help reduce the cost of product & services and by extension help the real sector (Agriculture, Manufacturing, e.t.c), thereby increasing our GDP which ultimately is the determinant of ex-change rate vis-à-vis the strength of Naira. In summary, let the government implement policies that will enhance our GDP and the industrialization of the country and then the Naira will naturally be strengthen - that is the panacea for strong Naira. Removing 2 zeros is a mere mathematical fraud. sad

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