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Nairaland Forum / Maneasy's Profile / Maneasy's Posts
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Properties / Re: I Need Accommodation! Budget:300,000 by maneasy: 2:59am On Mar 13, 2008 |
Can somebody help me to get a Self Contain Apartment in Lekki area? |
Autos / Re: 1999/2000 Toyota Avensis For Sale by maneasy: 10:47pm On Mar 12, 2008 |
what is the engine capacity? |
Politics / Pdp S-election In Ondo State by maneasy: 6:56am On Mar 11, 2008 |
Tuesday, March 11, 2008 Tuesday, March 11, 2008 Ondo: LP shocks tribunal with evidence From Niyi Bello, Akure FOR a long while, the audience inside Court Two at the Akure High Court premises, venue of the Election Petition Tribunal, watched in studied silence as the Labour Party (LP) candidate in the polls, Dr. Olusegun Mimiko displayed revelations concerning the voters' register used for the last governorship exercise. A witness, Waheed Yussuf, 49, who claimed to be an expert in the science of photography, was called by Mimiko to convince the tribunal that the election was marred by a lot of irregularities. The tribunal in June 2007 granted the petitioner leave to scan materials used by the Independent National Electoral Commission (INEC) in the elections to find evidence to support his claim of rigging in 10 out of the 18 councils in the state. Last week after a debate over the admissibility of the findings and the appearance of the eight experts on the LP's witness list played out with the legal teams of the state Governor, Dr. Olusegun Agagu's, the Peoples Democratic Party (PDP), INEC and Police opposing, the tribunal ruled that it had no choice but take the evidence found as a result of its earlier order. Led in evidence by Chief Wole Olanipekun (SAN), Yussuf had identified and adopted an affidavit he deposed to last month that he was commissioned by Mimiko to assist a team of experts to identify by means of electronic scanning all the irregularities in the documents for presentation as evidence of faults in the electoral exercise. The revelations begged questions of INEC's electronic system of registration. The LP, which cried out when the process of registration began that many Direct Data Capture Machines used in the exercise were hidden in the homes of prominent PDP personalities to lay the foundation of rigging, said its position has been justified by the revelations. And to prove the allegations that rigging began during the voters' registration exercise and demonstrate the failure of the electronic registration method, Olanipekun, through Yussuf, disclosed that pictures of prominent Nigerians and foreigners, were trapped in the voters' register under fake names. Among the pictures, alleged to have been lifted from calendars, almanacs, newspapers and record albums (all of which were admitted and tendered as exhibits), were those of Justice Idris Kutigi, the Chief Justice of the Federation, which was registered as belonging to 69-year old Michael Kolawole with voter's card number 30301601780, which was used to vote at Motor Park Polling Unit in Ayetoro Registration Area of Akure North council. The pictures of former Minister of Health, Eyitayo Lambo, former heavyweight boxing champion, Mike Tyson, Managing Director Oceanic Bank, Mrs Cecilia Ibru, Governor of Central Bank of Nigeria, Prof. Charles Soludo, Mrs Sarah Jubril, fuji musician Wasiu Ayinde and fellow musician Sola Allyson. Each was registered with different name and voter's card numbers, also appeared on cards used to vote at the same unit with the one bearing the picture of Kutigi. At the Town Hall polling unit, Ayetoro Registration Area of Akure North council, the pictures of the Vice President Goodluck Jonathan, former National Chairman of PDP Ahmadu Ali, INEC Chairman, Prof. Maurice Iwu, Chairman Honeywell Group, Oba Otudeko, Gen. Oladipo Diya, boxing legend, Mohammed Alli, governors of Lagos and Anambra, Raji Fashola and Peter Obi, PDP gubernatorial candidate in Lagos State, Musiliu Obanikoro, OPC leader, Fredrick Faseun, and newspaper columnists Segun Gbadegesin and Sam Omatseye, were fixed to used voter's cards. While card number 30301601907 bearing the photograph of Jonathan has the name of Bola Ogunbuyide, a 47-year old civil servant as the owner, those of Ali and Iwu have the names of 40-year old Samuel Idowu and 47-year old Akin Abayomi respectively. Pictures of late public figures also featured in the exhibits presented by the witness. Prominent among them is that of Apostle Joseph Ayo Babalola, founder of the Christ Apostolic Church who died in 1949 but whose photograph bore the name of Oke Ademola, a 57-year old businessman. Also included among the pictures of living or late clerics were those of Pastors D.O Odubanjo, I.O Eyebiokin and S.O Komolafe, which were affixed with the names: Sola Daniel, Oyewole Ade and Joseph Akintolarin who with that bearing the photograph of Babalola, allegedly voted at polling unit 17 at the Apoi Registration Area of the riverine Ese-Odo council. Also presented by the witness was evidence of multiple registration of same names or same pictures bearing different names. For instance, card number 90900300158 bore the same photograph with card number 90900300234 and 90900300158 but with different names of Ahmed Alade, Azeez Alade and Silifat Olawale with age ranging from 24 to 30 and sex swinging from female to male in the three exhibits. There were also other irregularities such as disparity in age as shown in card number 9090080032 with the data of an 18-year old female student named Deborah Adetutu but affixed with the picture of a septuagenarian and another card bearing the number 91001200216, which has the data of 64-year old Clement Ogbese but with the photograph of a teenager in school uniform. Hundreds of photographs of under-aged children and even toddlers as shown in card number 90301202037 bearing the picture of a crawling baby with the data of 30-year old Ade Olu, who allegedly voted in unit 12 of Igbotako in Okitipupa council were also presented and admitted as exhibits. Almost all the names listed in the voters' register for Polling Unit 13, Idiogba in Ugbo Ward 2 of Ilaje council and those of unit 10, Oke-Oluwa Zion Centre in Agbabu, Odigbo council, where almost a 100 per cent voter participation took place, were affixed with the photographs of under-aged children who were made to put on headgears to conceal their looks. Particularly in Iju-Odo, hometown of Agagu, more than 50 per cent of the pictures that appeared on the used voters' cards belong to infants between the ages of 18 and 73. There were also instances of non-human photographs of doors, windows, ceilings, chairs and even litterbins that were credited with human data who allegedly voted while the list containing the voters in polling unit 2 of Odeke/Aisa/Assi in Akoko North East council had no photograph at all. Describing the disclosures as a just a peep into the electoral fraud that was allegedly perpetrated during the governorship elections, Olanipekun tendered in evidence several portions of the result forms where high votes were recorded, through the votes of these flawed lists, for Agagu and the PDP. Earlier, the LP through its witnesses, presented about 75, 000 unused voters' cards that it claimed belonged to disenfranchised voters who were prevented from voting because of the disruptions allegedly caused by PDP and its agents. The party also presented evidence where all the cards, which it claimed were retrieved from their owners on election day were shown to have voted with. The PDP legal team tried to discredit the evidence by attempting to question the integrity and non-partisan nature of the expert witnesses some of whom failed to weather the storm of intense scrutiny during cross examination. Led by Lateef Fagbemi (SAN), Agagu's lawyers, with the legal team of the PDP, INEC and Police, said they were going to raise serious objections to the admissibility of the evidence and findings and the integrity of the witnesses. The tribunal had ruled that every evidence and exhibit tendered would be accepted without prejudice to the position of the opposing team until the end of oral submissions when oppositions can be made. Claiming not to be perturbed with the new revelations, the Ondo State Commissioner for Information and Orientation, Eddy Olafeso who was the State Secretary of the PDP during the polls, said, "what was said to be a major discovery was nothing but scattered anomalies that are normal in an exercise of that magnitude. "Because some discrepancies were seen in Akure North and a couple of other places does not render the electoral exercise invalid because we cannot take it as the generality of the whole exercise. "Any human exercise is bound to have minor hitches. We are not angels and we see these things even in advanced democracies. The important thing is to have a process that represents the aspirations of the majority of the people, which the exercise in Ondo has achieved." |
Autos / Re: 2002 Toyota Rav 4 'jeep' For Sale: 1.350m by maneasy: 9:57am On Mar 10, 2008 |
Mr.Abimbola Emmanuel please agree for this price let me come and pick it( 900k) |
Autos / Re: 2002 Toyota Rav 4 'jeep' For Sale: 1.350m by maneasy: 2:58pm On Mar 08, 2008 |
Let me pay last price of 900k no more no less |
Autos / Re: 1999/2000 Toyota Avensis For Sale by maneasy: 2:52pm On Mar 08, 2008 |
Ready to pay 700K ,let's make an inspection if you are ok with the price |
Autos / Re: 2002 Toyota Rav 4 'jeep' For Sale: 1.350m by maneasy: 10:13am On Mar 07, 2008 |
you gree 700k? |
Computers / Toshiba Laptop For Sale by maneasy: 8:36am On Mar 06, 2008 |
Toshiba Laptop for sale A fairly used (bought new in UK Dec 2006) Toshiba laptop in wonderful shape with the following specifications P3, 1.4 GHz, 40 GB, 512 mb, DVD, infrared, Wireless networking 15.4 windscreen bright views, 24xDVD-ROM/CD-RW combo drive Is hereby for sale for N 100,000 If you are interested mail to mail to maneasy1968@yahoo.co.uk |
Autos / Re: 1999/2000 Toyota Avensis For Sale by maneasy: 8:11am On Mar 06, 2008 |
Ready to pay 700K ,let's make an inspection if you are ok with the price |
Autos / Re: 1999/2000 Toyota Avensis For Sale by maneasy: 9:07am On Mar 05, 2008 |
will you mind N0.7m cash and carry |
Investment / Re: Stock Market Tips For Nigerians by maneasy: 9:12am On Mar 04, 2008 |
[2008-02-26] Capital Oil and Gas dissociates self from quoted Capital Oil Plc INVESTIGATIONS of price manipulation and insider dealing by the Securities and Exchange Commission (SEC), involving some quoted companies, have elicited a reaction from a company, which bears the same name with one of the companies involved. For instance, the management of Capital Oil and Gas Industries Limited, in the light of the investigation of Capital Oil Plc by SEC, has stated that there is no relationship, either business, legal or otherwise whatsoever with Capital Oil Plc. The commission had stated that it had commenced investigation of some companies to ascertain any incidence of price manipulation aimed at ripping off investors. Capital Oil Plc is one of them. A statement signed by Lanre Oloyi, head, Media of SEC said: "It should be noted that if at the end of the investigation, a case of price manipulation or insider dealing is established against any person/financial adviser, the commission would apply appropriate punitive measures." "The commission wishes to remind all operators that insider dealing is a criminal offence in the capital market and urge them to always operate within the confines of the rules to ensure transparency and integrity of the market," Oloyi added. A statement by the management of Capital Oil and Gas Industries Limited said the clarification becomes necessary following numerous calls and enquiries from members of the public desirous to buy into Capital Oil stocks/shares thinking it is Capital Oil and Gas Industries Limited shares. "In the light of enquiries from the investing public, the management of Capital Oil and Gas Industries Limited with headquarters in Apapa, Lagos, which is in the business of petroleum products storage with depots in Apapa, petroleum distribution through haulage and fuel stations nationwide hereby states that it is not a quoted company on the Nigerian Stock Exchange (NSE) and therefore, could not have been offering shares/stocks to the investing public." The statement also said Capital Oil and Gas Industries is not under investigation by SEC or any other regulatory agency for that matter. It therefore advised members of the public particularly those wishing to invest in the shares of Capital Oil that such transaction has no link with Capital Oil and Gas Industries as there exist no relationship whatsoever between the two companies. It would continue to render services to them as it has always done, if not better, without any encumbrances. It also thanked all its customers and prospective ones for their understanding and patronage Guardian 2008-02-26] |
Investment / Re: Stock Market Tips For Nigerians by maneasy: 9:09am On Mar 04, 2008 |
[2008-02-26] Capital Oil and Gas dissociates self from quoted Capital Oil Plc INVESTIGATIONS of price manipulation and insider dealing by the Securities and Exchange Commission (SEC), involving some quoted companies, have elicited a reaction from a company, which bears the same name with one of the companies involved. For instance, the management of Capital Oil and Gas Industries Limited, in the light of the investigation of Capital Oil Plc by SEC, has stated that there is no relationship, either business, legal or otherwise whatsoever with Capital Oil Plc. The commission had stated that it had commenced investigation of some companies to ascertain any incidence of price manipulation aimed at ripping off investors. Capital Oil Plc is one of them. A statement signed by Lanre Oloyi, head, Media of SEC said: "It should be noted that if at the end of the investigation, a case of price manipulation or insider dealing is established against any person/financial adviser, the commission would apply appropriate punitive measures." "The commission wishes to remind all operators that insider dealing is a criminal offence in the capital market and urge them to always operate within the confines of the rules to ensure transparency and integrity of the market," Oloyi added. A statement by the management of Capital Oil and Gas Industries Limited said the clarification becomes necessary following numerous calls and enquiries from members of the public desirous to buy into Capital Oil stocks/shares thinking it is Capital Oil and Gas Industries Limited shares. "In the light of enquiries from the investing public, the management of Capital Oil and Gas Industries Limited with headquarters in Apapa, Lagos, which is in the business of petroleum products storage with depots in Apapa, petroleum distribution through haulage and fuel stations nationwide hereby states that it is not a quoted company on the Nigerian Stock Exchange (NSE) and therefore, could not have been offering shares/stocks to the investing public." The statement also said Capital Oil and Gas Industries is not under investigation by SEC or any other regulatory agency for that matter. It therefore advised members of the public particularly those wishing to invest in the shares of Capital Oil that such transaction has no link with Capital Oil and Gas Industries as there exist no relationship whatsoever between the two companies. It would continue to render services to them as it has always done, if not better, without any encumbrances. It also thanked all its customers and prospective ones for their understanding and patronage Guardian 2008-02-26] |
Autos / Re: 2002 Pathfinder For Sale by maneasy: 2:27pm On Feb 28, 2008 |
This is a nice jeep, but I can only afford 1.0m for now |
Autos / Re: 2002 Pathfinder For Sale by maneasy: 2:27pm On Feb 28, 2008 |
This is a nice jeep, but I can only afford 1.0m for now |
Autos / Re: Suv For Sale At Give Away Price by maneasy: 2:11pm On Feb 28, 2008 |
Price 0.7m ? |
Autos / Re: 2003 Toyota Corolla S, Low Mileage: For Sale by maneasy: 2:05pm On Feb 28, 2008 |
Price 1.m ? |
Investment / Re: Stock Market Tips For Nigerians by maneasy: 12:26am On Feb 26, 2008 |
Stockbroker in court over N12.5m fraud T ribune 26.02.2008 IF the report that the Na- tional Judicial CouncilA suspected fake stockbroker, Innocent Ilalokhion, 42, was on Monday arraigned in Lagos for allegedly defrauding 14 prospective shareholders of N12.5 million. Ilalokhion was arraigned on a 40-count charge of fraud, forgery and stealing before Mrs Christiana Adesola-Ikpatt of the Yaba Chief Magistrate’s Court. The prosecution alleged that the accused duped 14 persons of the sum while pretending to purchase shares for them in quoted companies. The prosecutor, ASP Okoronkwo Okorie, told the court that the accused had on December 13, 2007, forged some Central Securities Clearing Service (CSCS) documents with which he allegedly committed the crime. The prosecutor said the accused had no fixed address and had been using the documents to defraud members of the public in different places. Ilalokhion, who has no legal representation, pleaded guilty to some of the charges. Adesola-Ikpatt granted him bail in the sum of N1 million with two sureties, and adjourned the case till March 14 for further hearing. The News Agency of Nigeria (NAN) reported that Ilalokhion was docked on February 22 over the same offence, but fainted while the charges were being read to him. Adesola-Ikpatt then directed that the accused be taken to a nearby general hospital for medical attention (NJC) has disapproved the appointment of Justice Isaiah Lakanmi as the substantive Chief Judge of Oyo State is anything to go by, he may be removed from the office anytime from now. |
Autos / Re: Mitsubishi L300 For Sale by maneasy: 2:52pm On Feb 25, 2008 |
Is this bus available for inspection? |
Investment / Re: Stock Market Tips For Nigerians by maneasy: 8:47am On Feb 20, 2008 |
Fresh plot against bank consolidation Unease has gripped the financial sector following credible hints that the Yar’Adua government is considering the reversal of banking consolidation. The consolidation exercise, which was engineered and supervised by the Dr. Charles Soludo-led Central Bank of Nigeria, was successfully concluded on December 31, 2005. But in a move that is geared towards reversing the gains of this exercise, highly placed sources close to a presidential working group, disclosed to Sunday Tribune that the group has almost concluded work on a proposal to be presented to President Umaru Yar’Adua on “Banking Reforms”. This working group is charged with working on the details of the seven-point agenda of the Yar’Adua administration. The chief economic adviser to the president, Tanimu Yakubu Kurfi, Sunday Tribune learnt, is coordinating the process. Although, our source revealed that Kurfi was sick recently and had to be flown abroad but could not confirm if he was back in the country. The case against consolidation, our sources revealed, is based on the view that “Northerners” lost out in the consolidation process, which was believed to have “placed the banking sector more in the hands of the Southerners”. This ethno-regional view of things, sources stated, is largely responsible for the move, even though it is being clothed in the “language of economics, fiscal policy and even development”. The working group is said to have considered the statistics indicating that consolidation shrank northern ownership of the banking sector to only eight per cent. Members of the inner circle of the Yar’Adua government who consider this “totally unacceptable” have resolved that the best way to reverse this without risking a backlash from the south with the resultant political crisis is to effect regionalisation of the banking sector which would enhance greater northern ownership. Although a few voices in the group were said to have warned that the reversal may create un imaginable crisis in the economy and destroy growing confidence in the Nigerian economy, particularly the Stock market, the hawks in the group were said to have dismissed the predicted crisis on the basis of the fact that access by Northerners to the commanding heights of the economy through the banks, including bank directorship and its associated pecks, have been lost through consolidation and would have to be regained “anyhow”. The deconsolidation that is being proposed as a policy response to the perceived “southern domination” of the banking sector include effectively limiting banks to strict zones of operation, that is regions. Despite the boom in the number of branches which has resulted from consolidation, deconsolidation will be advertised as the best method for achieving the aim of multiplying the number of banks in the country, and filling the landscape with supposedly smaller but nimbler banks. The working group will also recommend that should the government consider regionalisation unattractive, it might be desirable for the public sector to acquire distressed banks such as Societe General Bank and Savanna Bank which would then be recapitalised and unleashed to compete in an altered financial landscape. Such acquired banks can then be used as instruments of reversing the “loss” of the “northern” region in the last consolidation, reasoned the members of the group. Sunday Tribune gathered from informed actors in the financial market that this plan to insert government as an owner and operator of banks reflects the statist inclinations of the leading lights of the Yar’Adua administration. It is argued by the core of this group that a government whose hands have been removed from the commanding heights of the economy would have less “largess in the area of economic activities that it can distribute to its own supporters”. Sunday Tribune learnt that bank chiefs, who already have hints of this proposal, are worried by the severe disruption that deconsolidation and regionalisation would cause and the ethno-regional undertones that are believed to be behind this. It is feared that it would endanger the health of the banking sector as the banking regulators would be overstretched. A financial expert added that there is nothing in the new plan that can guarantee the safety of so many small banks. Source: Sunday Tribune Sunday, January 27, 2008 |
Investment / Re: Stock Market Tips For Nigerians by maneasy: 12:21am On Feb 15, 2008 |
SEC Probes 6 Firms Over Shady Dealings The Securities and Exchange Commission (SEC) has begun investigations into the activities of six companies over allegations of price manipulation and other sharp practices aimed at ripping-off investors. The Commission, in a statement on Thursday signed by Lanre Oloyi of its corporate affairs department, gave the names as 1. African Petroleum Plc (AP); 2. Big Treat Plc; 3. Afroil Plc 4. First Aluminum Plc; 5. Capital Oil Plc; and 6. IPWA Plc. SEC vowed to deal decisively with any operator found culpable of price manipulation or insider dealing. It reminded all operators that insider dealing was a criminal offence in the capital market and urged them to always operate within the confines of the rules to ensure transparency and integrity of the market. DO YOU HAVE ANY KNOWLEDGE OF ANY COMPANY WITH POSSIBLE LINKS TO SUCH PRACTICES? KINDLY WRITE TO OUR INVESTIGATIONS UNIT FOR MORE WORK - news@proshareng.com |
Autos / Re: Infiniti Jeep (1997/98 Model) For Sale. by maneasy: 9:14am On Feb 09, 2008 |
what is the last price? |
Autos / Re: Giveaway: 1998/99 Toyota Rav4 Jeep For Quick Sale by maneasy: 6:38am On Feb 08, 2008 |
Is this car still available ready to pay 500,000 ;cash and carry |
Investment / Re: Stock Market Tips For Nigerians by maneasy: 9:35am On Feb 04, 2008 |
CBN Deputy Gov, Lemo, In N8.12b Wema Bank Mess By Sam Akpe and Oluyinka Akintunde, Abuja Additional details of the mess in Wema Bank surfaced at the weekend, with fingers of blame pointed at Central Bank of Nigeria (CBN) Deputy Governor (Financial Sector Surveillance), Tunde Lemo. Lemo, Wema Managing Director between 2000 and 2003, allegedly piloted the bank to a N8.125 billion debt, as well as inflated its profit. The allegations are contained in a petition the suspended Wema Managing Director, Adebisi Omoyeni, wrote to President Umaru Yar’Adua on January 21. The CBN on January 23 appointed an acting Managing Director for Wema Bank after Omoyeni was asked to proceed on compulsory leave. Omoyeni alleged in the petition that all the efforts of Lemo were geared towards "killing and taking over the bank through his cronies." Several documents, including cheques and details of non-performing loans and the beneficiaries, were attached to the petition. It is alleged that Omoyeni was removed to pave the way for the sale of Wema to another bank through the acquisition of Odu’a Investment’s equity in the bank. Odu’a’s equity has been slashed from 40 percent to 9.8 percent, in line with the CBN’s directive limiting state government’s interest in banks to 10 percent. Omonyeni narrated in the petition that "the board and management are disturbed and perturbed that Lemo is consistently and persistently using his position in the CBN to intimidate Wema Bank and undermine its progress. "Reports of some of his activities were lodged with the Presidency on three occasions between June and September 2006 and on each occasion, needless to say, he has refused to budge. Albeit, his ultimate motive is to cripple the bank in order to be able to sell the bank cheap to his cronies to cover up his past deeds. "One of such cronies is the First City Monument Bank (FCMB), which is interested in order to be able to convert Wema Bank’s branches and assets to its current CBN’s demand for massive national coverage. "The bank has no choice now other than to let you into a tip of the ice berg of problems created for the bank by Lemo. "As at the time he (Lemo) was leading the bank, he plunged (it) into a debt mess of N8.125 billion non-performing credit, but which was concealed by him through some nefarious methods and means, including but not limited to recourse to fictitious recovery from debtor customers." Omoyeni alleged that Lemo granted a total 72 facilities valued at N19.708 billion during his tenure, including N4.979 billion to Suffolk Engineering, N4.109 billion (Odu’a Telecommunications), N2.004 billion (Frontage Communication), and N1.111 billion (Sirpi Alusteel Construction). "Two or three months before his exit as Managing Director Lemo approved staggering loan facilities of N4.8 billion to Sirpi Alusteel Construction and Suffolk Engineering and Construction Company, both companies owned by one Henry MacPepple. As at December 31, 2006, the outstanding on these facilities was N6.71 billion. "A most painful aspect of these transactions is that while the board of the bank directed that no money should be released to the companies until the perfection of some securities and domiciliation of contract proceeds in respect of the contract from Shell Petroleum Development Company to Wema Bank, the funds were released by Lemo without the customer meeting the conditions stipulated by the board." Omoyeni mentioned Henry MacPepple as the Chairman of Fortune International Bank during the period, and insisted that the debt remained unpaid up till March 2007 when Wema got Suffolk Engineering to start liquidating its debt. He noted that N600 million had been recovered from the debt, which has grown to over N7 billion. Omoyeni alleged that Lemo beefed up the bank’s profit in the 2002/2003 financial year, from the real figure of N891 million to N3.1 billion. "The actual profit made by the bank was N891 million but what he (Lemo) declared as profit on paper was N3.1 billion. To cover up this farce, Lemo directed the purchase of cheques from other banks, using the funds of Wema Bank and some of its subsidiaries, like Wema Securities and Finance (WEMASEC), and presenting them as if the debt-owing customers were repaying their debts to the bank through the instruments of other banks. "Through this means or method, each of the customer’s account would be credited before the regulatory authorities came for their inspection and reversed into debits immediately after inspection." Copies of 12 cheques amounting to N755 million and three instruments of transfer of funds to WEMASEC were attached to the petition. The cheques include those of African Express, dated April 24, 2003 (N80 million); Gateway Bank, dated April 23, 2003 (N75 million); Gateway Bank, dated April 25, 2003 (N200 million); Gulf Bank, dated April 30, 2003 (N20 million); Gulf Bank, dated April 30, 2003 (N5 million); and Gulf Bank, dated April 30, 2003 (N20 million). Gulf, dated May 2, 2003 (N25 million); Gulf, dated May 2, 2003 (N25 million); Gulf, dated May 5, 2003 (N45 million); Gulf, dated May 5, 2003 (N70 million); and Gulf, dated May 5, 2003 (N100 million). Omoyeni disclosed that there are plans by the CBN and the Nigeria Deposit Insurance Corporation (NDIC) to dissolve the board and management of Wema to allow the Odu’a’s shares to be sold to FCMB. "Lemo is working in tandem with the FCMB to acquire Odu’a Investment shares in Wema bank despite of the fact that the boards of both the bank and Odu’a Investment have resolved that the shares be sold in equal proportion to all the five member states that have interest in Odu’a. "We wish to draw (your) attention to a letter dated January 4, 2007 written by FCMB to Odu’a Investment making a proposal for the acquisition of the latter’s shares in Wema Bank. The letter was received by Odu’a on January 5, 2007 . "On the same January 5, 2007, Odu’a Investment also received from the NDIC a letter forwarding the report of the NDIC routine examination of Wema Bank to it , "The NDIC report for which the present management team is being vilified covers substantially the terms of Lemo and others, and reflects only three months of the tenure of the present management team." Sources said Yar’Adua has sent the petition to Lemo for comment, and directed the NDIC to investigate the alleg |
Autos / Re: Giveaway: 1998/99 Toyota Rav4 Jeep For Quick Sale by maneasy: 2:47pm On Jan 27, 2008 |
four or two wheel drive? what is the speedometer reading? |
Autos / Re: Black Toyota Rav4 Suv For Sale! [factory-fitted Ac] by maneasy: 8:07am On Jan 25, 2008 |
Is this car still available?, is it a four-wheel vehicle? as I am interested |
Properties / Re: Are You A Builder Or An Engineer?please Read This by maneasy: 6:18am On Jan 24, 2008 |
What does it take to be your distributor ? |
Business / Re: How Do You Know When To Buy And Sell Stocks In Secondary Issue by maneasy: 8:52am On Jan 23, 2008 |
Eniolase, your website is not opening to register |
Autos / Re: My Toyota Camry Is Up For Sale 500k by maneasy: 8:17am On Jan 23, 2008 |
Is the car still available, ready to pay 450 after testing if you dont mind, it is cash and carry |
Properties / Re: Cost Of Borehole Drilling In Lagos by maneasy: 11:17pm On Jan 13, 2008 |
Mine cost 170,000 naira at Ikorodu,Lagos, in 2006 and you will need to buy plastic tanks and pipe to connect the the tanks. you will also need a generator to power it when there is no electricity. |
Investment / Re: Stock Market Tips For Nigerians by maneasy: 11:14am On Jan 13, 2008 |
'Raising funds at the capital market won’t save banks' By Bankole Makinde - 13.01.2008 GROUP Chairman of Global Fleet of Companies, Barrister Jimoh Ibrahim has raised alarm that many banks would soon collapse in the economy. He said the development would stem from the rate at which the banks rush to the capital market to raise funds through the now popular Initial Public Offer (IPO). According to him, the banks have built their vision on the short road instead of the long and thorny road and so would not be able to manage the funds raised through the public offers. The Group Managing Director of NICON Group of Companies, stated this at this year’s National Conference of the African Newspapers of Nigeria (ANN) Plc, which held at Jogor Centre, Ibadan. He admonished employees to be loyal to their companies and strive to love their jobs compulsorily. To be successful financially, Barrister Ibrahim said 25 per cent of one’s income should be invested on landed properties or savings towards such; 25 per cent in stocks (floating assets); 25 per cent as cash in bank while the remaining should be on waste (food and other items). |
Jobs/Vacancies / Re: 2006 Gmat by maneasy: 2:58am On Jan 13, 2008 |
could someone please forward the gmat to me. my email is maneasy1968@yahoo.co.uk |
Jobs/Vacancies / Re: Download The Gmat 2007 Now by maneasy: 2:51am On Jan 13, 2008 |
Please could someone forward the gmat to me. my email is maneasy1968@yahoo.co.uk. |
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