ATLANTIC01:
Using this medium to ask Almighty God for just one connection that will change my entire life, just one contract can change the story forever

TINTINABULATION:
There is nothing so special here until we are privy to the Memorandum of Understanding between Abia State Government & Cranburg Construction. That is the document that will list all the roads to be constructed with the money. There is no law forbidding a private organization, such as Cranburg to approach its bankers for facility to execute a contract. If Access Bank finds her customer, Cranburg Construction credit worthy, then public opinion holds no sway

TINTINABULATION:
There is nothing so special here until we are privy to the Memorandum of Understanding between Abia State Government & Cranburg Construction. That is the document that will list all the roads to be constructed with the money. There is no law forbidding a private organization, such as Cranburg to approach its bankers for facility to execute a contract. If Access Bank finds her customer, Cranburg Construction credit worthy, then public opinion holds no sway

TINTINABULATION:
There is nothing so special here until we are privy to the Memorandum of Understanding between Abia State Government & Cranburg Construction. That is the document that will list all the roads to be constructed with the money. There is no law forbidding a private organization, such as Cranburg to approach its bankers for facility to execute a contract. If Access Bank finds her customer, Cranburg Construction credit worthy, then public opinion holds no sway

TINTINABULATION:


Mr. Theory, there is no conflict of interest here. The wife is also a board member of Access Bank. If the wife was not, it will be a different issue.

Let me break it down for you Sir, if you & ur wife operate a Restaurant, does taking Breakfast or Dinner in the restaurant amount to conflict of interest?

The 5 Cs for accessing credit facilities are:
Capital, Condition, Capacity, Collateral, and Character. If any company meets the above, they are good to go!

VanuatuWycombe:




🙈🙈🙈🙈🙈🙈🙈🙈🙈🙈. Agh! Olodo ni e. Are you a marketer in bank running after people to come and take loan? The issue being discussed here is beyond the trash you just spewed.
Which schools did you attend, please?

TINTINABULATION:


I attended Your Father's School of Economics

Taich:
.

The problem is that Apc and her apologist are working too hard to paint everyone like itself.

Tjra:
There is no issue here.

If Craneburg has delivered the project, then Abia state government should pay up. And Craneburg will fulfil their obligations to a Access Bank in turn.

The facility was given to the corporate entity- Craneburg and not Chizoba Wigwe.

Sowore and his gossip mill should STFU.

VanuatuWycombe:


No wonder. I checked the list of graduands but your name is missing.
It was our registrar that showed me your name in the list of rusticated students in the first year.

viqSmallz:
I am trying to wrap my head round this. A business took a loan from a bank to facilitate a contract it has been awarded.
Is this not a credit facility? This doesn't seem like news, is it because the CEOs of both organizations are related?

A business is an entity, seperate from the owners. News reporting is cut and join over here, just creating sensationalism.

TINTINABULATION:
There is nothing so special here until we are privy to the Memorandum of Understanding between Abia State Government & Cranburg Construction. That is the document that will list all the roads to be constructed with the money. There is no law forbidding a private organization, such as Cranburg to approach its bankers for facility to execute a contract. If Access Bank finds her customer, Cranburg Construction credit worthy, then public opinion holds no sway

Makewegothere:
I hope ai read it right, loan wasn't taken by Abia state government but Cranburg construction.

In as much we want transparency, let's be clear on the details before we raise dust where there is none.

Where Cranburg gets fund to start off their job before being paid by the state government should not be the problem of the state.

As business owners too, we borrow money to finance contracts.

quote author=FreeStuffsNG post=128809571]Beyond the allegation that the late wife is on the legal board of Access bank that should have raised the conflict of interest, I don't see why Craneburg as an independent entity should be vilified.

If the law mandates the Governor to always obtain loan approval from the State Assembly yet he failed to do so then he must go and rectify it before the loan is disbursed.

It's just unfortunate that those who know the right thing to do fail to do until things go bad. At this point I will not be surprised if Abia state has already started paying the interest on the controversial loan and this is why EFCC must immediately move in to investigate this report.
Anyone found guilty must be prosecuted.

God bless Nigeria for ever!Check my signature for free stuffs!

TINTINABULATION:


You are very far from your moniker. How does Tintinabulation amount to Tinubu? When they say you should go to school and read, see where it landed you now? Proud Illiterate!

TINTINABULATION:
There is nothing so special here until we are privy to the Memorandum of Understanding between Abia State Government & Cranburg Construction. That is the document that will list all the roads to be constructed with the money. There is no law forbidding a private organization, such as Cranburg to approach its bankers for facility to execute a contract. If Access Bank finds her customer, Cranburg Construction credit worthy, then public opinion holds no sway

Jogs1900:

Too much fraud there..collect unsecured loans, foreign currency racketeering, inflated contracts, and launder money for politicians. Only God knows how much Wigwe too is owing Access Bank.

Jogs1900:
I hope they are yet to disburse the loan..
Heard that Tony Elumelu got forty billion naira from UBA and it has turned to bad debt.. Very soon, the bank will write it off while Tony is balling.
Fraud in the banking industry is just too much.

Enugurangers:
Nigeria is a big crime scene.

Amah70:
All over the south of Nigeria, we can see the beautiful roads built by Cranemburg construction company. The company is another Julius Berger of the North.

Beverlyjean:
So what's the problem with that??

CommonSense1967:


Yeah very proud illiterate

It's comical because I more than likely have more education in my pinky finger than your shallow empty skull.

First, you need to understand the meaning of what an illiterate is, and secondly stop making an ass of yourself by making dumb zero IQ excuses for a clear violation of the law by awarding a contract without due process, nepotism, and conflict of interest among other violations of what is expected in an open, ethical and just government.

STFU and get lost. Olodo

TINTINABULATION:
There is nothing so special here until we are privy to the Memorandum of Understanding between Abia State Government & Cranburg Construction. That is the document that will list all the roads to be constructed with the money. There is no law forbidding a private organization, such as Cranburg to approach its bankers for facility to execute a contract. If Access Bank finds her customer, Cranburg Construction credit worthy, then public opinion holds no sway

TINTINABULATION:
There is nothing so special here until we are privy to the Memorandum of Understanding between Abia State Government & Cranburg Construction. That is the document that will list all the roads to be constructed with the money. There is no law forbidding a private organization, such as Cranburg to approach its bankers for facility to execute a contract. If Access Bank finds her customer, Cranburg Construction credit worthy, then public opinion holds no sway

Tjra:
There is no issue here.

If Craneburg has delivered the project, then Abia state government should pay up. And Craneburg will fulfil their obligations to a Access Bank in turn.

The facility was given to the corporate entity- Craneburg and not Chizoba Wigwe.

Sowore and his gossip mill should STFU.

Seunpapa65:
Omo see as money is being glup up and down

PoliteActivist:


This ignorance here is why Nigeria is GUARRANTEED to stay corrupt ad infinitum.
It's so ingrained they don't even see it anymore

Goodvibes007:
Aside the conflict of interests ,ethics violation, and not following the proper bidding process/award of contracts, under Alex Otti's leadership, a tiny economy state like Abia would accumulate an astounding debt of half a trillion naira or more (we don't know others as yet probably) within only one year.

Summary of the post for those too lazy to read 👇

A document reveals that Craneburg Construction, owned by Mrs. Chizoba Doreen Wigwe, received a N50 billion loan from Access Bank to finance contracts awarded by Abia State government, raising concerns about lack of official bidding and approval process. State officials declined to comment.