Firebomber:


Beautiful but substandard

Old and New.
What is substandard in this Owerri-Orlu road by Cranemburg in Imo state? Go siddon for gutter.

Amah70:


Sahara Reporters goofed big time for this yeye report.

Even a kid who goes to Aba today will support the loan, memorandum of understanding between ABSG and Access Bank is showing on ground in Aba where nearly every urban road has been reconstructed within six months.
Some governors will take the N50billion and pocket them.

This conversation is between Abia to Abia who am I to inject myself into it? I am going to bookmark your screen handle when next there is a topic involving any other state not named Abia please stay the fu*k off the thread.

TINTINABULATION:


Education is not in amassing paper certificates but by the ability of the mind to process clear, concise and logical thought. Going by these parameters, I STILL INSIST YOU ARE A DUMB ILLITERATE..

The dumbest zero IQ retard on NL with the IQ of a Jellyfish is calling someone illiterate without even knowing the basic concept of illiteracy.
Going by your parameters, you are a shallow, empty, low-life attention-seeking cretin devoid of any logic or thoughts that are valuable.

Now STFU and get lost.

t2luv1:


This conversation is between Abia to Abia who am I to inject myself into it? I am going to bookmark your screen handle when next there is a topic involving any other state not named Abia please stay the fu*k off the thread.

Who the hell are you to make this conversation be Abia to Abia? If you are from Abia state but hate good things happening in Aba, fu:ck off the thread.

jendoslim:


Amen.


Baba God, please help me, just a phone call that will change my condition, story and status forever

We have to make sure we are not the average Nigerian that does not have the habit of picking their calls. You will call someone for business phone will ring they will not pick only to call you back hours later, saying they were not holding their phone, some will say it was charging, some that they left it in the car, in the office or workshop etc.
Eg, I was with someone 2 weeks ago, she wanted to redo her kitchen cabinets, and was calling her carpenter. I told her of my guy that does good furnitures, she said I should call him. Na so I start to call, for where, my guy no pick. 2 hours later her furniture guy came and they agreed on 1.4m. 1 hr later my guy called me say him been leave him phone for office commot. I just shake head say OK.
Meanwhile this my guy get financial issues ohh, of which he had to borrow 200k.
This one na small money matter, but na so e de be for big money own too.

Amah70:


What is substandard in this Owerri-Orlu road in Imo state? Go siddon for gutter.

You are dumb, so it only owerri-orlu road that they constructed?
The road is how many years now?
To compare craneburg with JB is the most stupid thing I've ever read on this platform.
In a saner country craneburg won't even exist not to talk of operating. Are you aware that till today craneburg still use Lubrik construction company (LCC) license to secure contract?

Craneburg is actually doing great jobs .
I thought it was a German company tho

CommonSense1967:


The dumbest zero IQ retard on NL with the IQ of a Jellyfish is calling someone illiterate without even knowing the basic concept of illiteracy.
Going by your parameters, you are a shallow, empty, low-life attention-seeking cretin devoid of any logic or thoughts that are valuable.

Now STFU and get lost.

People result to insults when they cannot hold an intelligent conversation. I will kindly disregard the vituperations, it shows the type of home you come from, and your moral upbringing.

All the best Sir!

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

This one needs mental evaluation

Ibrahimcoomasie:
How Wigwe-led Access Bank Funded N50Billion Contracts Awarded To His Wife’s Company By Abia Governor, Otti



https://saharareporters.com/2024/03/06/exclusive-how-wigwe-led-access-bank-funded-n50billion-contracts-awarded-his-wifes

Ibrahimudeen, hope you are reading the comments and are surely disappointed that your propaganda against the LP governor of Abia did not work..

You 'We don catch am' eureka moment for smear campaign short-lived... Smelly almajiri. Better go and hold your useless governor accountable.

He dey use una money carry big nyash olosho for Abuja while hunger wan kee you. Mugu.

Firebomber:


You are dumb, so it only owerri-orlu road that they constructed?
The road is how many years now?
To compare craneburg with JB is the most stupid thing I've ever read on this platform.
In a saner country craneburg won't even exist not to talk of operating. Are you aware that till today craneburg still use Lubrik construction company (LCC) license to secure contract?

Your Julius Berger had remained a construction company for North and SW regions of Nigeria for more than 40 years until recently when gov Otti pulled Julius Berger to Abia state.
Cry first over the double moral standards that rule you in Nigeria before you start to stigmatise the only real governor Abia state has had since 1999.

/
What's the big deal? N50bn unsecured loans to execute a contract? If she'd given N100m of that money to the people as charity or giveaways, they would have canonized her. The Daddy G.Os and philanthropists you people hail on a daily basis are doing worse. Why the selective outrage?
Why would anyone expect a billionaire in Nigeria to engage in ethical practices in the unlawful entity known as Nigeria?
/

TINTINABULATION:




I can see that you struggled to write guaranteed, there is no ignorance greater than that!

Poor unexposed kid. He still types. Bet he knows nothing about AI either. My dear I just speak, autocorrect does the rest. No wonder you see nothing wrong with a deal that stinks to the high heavens

TINTINABULATION:


You have a bad mouth

It is impossible for an Okada Rider to have a school let alone have a register.

But on a more serious note, you need to wise up.

The matter is more strategic than operational matter. You were talking of operational matter IN AN ARM’S LENGTH TRANSACTION AMONG WILLING BUYERS AND SELLERS.

The issue on ground is not an arm’s length transaction.

Have you ever applied to any job online and you are asked to complete a set of questionnaire where you are asked to indicated whether you have worked with such company before or with government organization or you know someone in that company, or you are related to someone in that company etc?
It’s to guide against people’s interests from conflicting with that of the company, among other reasons.

More so, there are financial and corporate reporting requirements that request that details of transactions like this should be fully disclosed for all stakeholders to see so that they can make informed business decisions.

The matter is beyond your level of reasoning, since you haven’t worked at top tier of any serious organizations or have any professional training to that.

In fact, on a saner clime, regulatory bodies and shareholders of Access Bank would have reacted and compelled the madam to step down for proper investigation.

Na she get her Craneburg. Nobody may react from that company but from a state like Abia, May be the governor would have resigned by now, if it were to be the US or any of the European counties or far East Asian countries. You can read about the reason why Hungarian president resigned a few weeks ago.

Cecilia Ibru’s case is still fresh in our memories.

Similar case is happening in our pension companies too o, especially the bigger players. Lots of underarm dealings, unsecured loan to directors etc.
We shouldn’t be deceived that pensioners’ funds are with PENCOM o.

PoliteActivist:


Poor unexposed kid. He still types. Bet he knows nothing about AI either. My dear I just speak, autocorrect does the rest. No wonder you see nothing wrong with a deal that stinks to the high heavens

AI, just because you want to comment on Nairaland? Has Education gone that bad? I am so so sorry for you bro!

VanuatuWycombe:


The matter is more strategic than operational matter. You were talking of operational matter IN AN ARM’S LENGTH TRANSACTION AMONG WILLING BUYERS AND SELLERS.

The issue on ground is not an arm’s length transaction.

Have you ever applied to any job online and you are asked to complete a set of questionnaire where you are asked to indicated whether you have worked with such company before or with government organization or you know someone in that company, or you are related to someone in that company etc?
It’s to guide against people’s interests from conflicting with that of the company, among other reasons.

More so, there are financial and corporate reporting requirements that request that details of transactions like this should be fully disclosed for all stakeholders to see so that they can make informed business decisions.

The matter is beyond your level of reasoning, since you haven’t worked at top tier of any serious organizations or have any professional training to that.

In fact, on a saner clime, regulatory bodies and shareholders of Access Bank would have reacted and compelled the madam to step down for proper investigation.

Na she get her Craneburg. Nobody may react from that company but from a state like Abia, May be the governor would have resigned by now, if it were to be the US or any of the European counties or far East Asian countries. You can read about the reason why Hungarian president resigned a few weeks ago.

Cecilia Ibru’s case is still fresh in our memories.

Similar case is happening in our pension companies too o, especially the bigger players. Lots of underarm dealings, unsecured loan to directors etc.
We shouldn’t be deceived that pensioners’ funds are with PENCOM o.

So you went to go and copy all these from Google? Let's close the matter bro. Go and rest!

TINTINABULATION:


So you went to go and copy all these from Google? Let's close the matter bro. Go and rest!

Nope. Me copied. I am an ACCA and CPA holder, with over 20 years work experience across in/with top-notch multinational companies both home and abroad.

You can see I am not an Olodo like you. 😜😁😁

Amah70:


Who the hell are you to make this conversation be Abia to Abia? If you are from Abia state but hate good things happening in Aba, fu:ck off the thread.

Godamm !!! Partner take a chill pill. I have already taken my black a*s off the thread aiight. If Abia is fleecing Abia that is Abia's business, not mine. My invocation is Abia should do the same when it comes to other people's states. Deal?

VanuatuWycombe:


Nope. Me copied. I am an ACCA and CPA holder, with over 20 years work experience across in/with top-notch multinational companies both home and abroad.

You can see I am not an Olodo like you. 😜😁😁

That is impressive but i am not moved bro! It still doesn't show that you are rational in thinking.

Enugurangers:
Nigeria is a big crime scene.

Am nodding, in agreement with you.

Amah70:


Your Julius Berger had remained a construction company for North and SW regions of Nigeria for more than 40 years until recently when gov Otti pulled Julius Berger to Abia state.
Cry first over the double moral standards that rule you in Nigeria before you start to stigmatise the only real governor Abia state has had since 1999.

You are still bittered, well what did I expect from an Igbo troll. Smile, the same JB construct the only bridge (2nd Niger Bridge) that give meaning to your barren land.

You still don't answer my question, the road is how many years now?

Seems you don't know how craneburg work, let me help you.
1. They bid for a contract by submitting a quotation that can be executed using only half of the project budget since they know that your useless government are so corrupt and they won't mind pocketing the rest of the budget

2. The government will award the contract to them since they are the cheapest and no one care about the quality.

3. The project will be executed with little or no quality test assurance.

4. They source for cheap labor meaning they turn your father and mother to slave while they are working day and night just to earn peanut.



Well why don't you give that road 5 years and then come back here to praise craneburg again. Dumb fellow.

VanuatuWycombe:


A director of bank getting loan from that same bank to fund a company which she has controlling interest?

Go and learn about codes of corporate governance.

It’s one of the reasons Enron and many big companies died.

Who is external auditor to Access Bank please? O know it’s going to be one of those Big 4. Can someone help us check the bank’s audited financial statement for the year the loan was taken for us to know if it was properly disclosed?

Let’s check under RELATED PARTY TRANSACTIONS.

Can we check that of Craneburg please? And that if Abia State Government? Let’s compare all their disclosures.

Truly, our mumu too much.

the question is why must it be same bank,is more like playing bet as a player, is frow nd penalised in football....naija is too corrupt let me just see money I won't pack out of this forsaken wicked country that is been ripped off by rich elite

TINTINABULATION:


That is impressive but i am not moved bro! It still doesn't show that you are rational in thinking.

Your opinion.

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

Lol. Except that the borrower was also a board member of the bank and there wouldn't be any collateral security of any form. Na like this way we used to destroy Nigeria

VanuatuWycombe:


Your opinion.

Thanks for the engagement bro. No hard feelings, its for the love of our country. Nigeria will be great again. Continue ruling your world.

TINTINABULATION:


People result to insults when they cannot hold an intelligent conversation. I will kindly disregard the vituperations, it shows the type of home you come from, and your moral upbringing.

All the best Sir!

Obviously, your small brain was on vacation when you deviated from your so-called "intelligent conversation" and resulted in insult by calling someone an illiterate, I guess your parents didn't raise you well enough or your parameters of a good upbringing don't apply to you.
Pls stop clowning and get lost.

FreeStuffsNG:
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!

And that's not an issue to you. Because if it is, you wouldn't go further by typing gibberish

TINTINABULATION:


Thanks for the engagement bro. No hard feelings, its for the love of our country. Nigeria will be great again. Continue ruling your world.

.
You are welcome, bro. Amen.

But there is a problem....Wigwe is the CEO, and the Wife owns the Construction company that received the loan...that means there is conflict of interest, which also mean that she will have privileged information that can allow her to get loans not accessible to others, and he can also tell her how to beat the system. Now Imagine is the road was not constructed well, and Abia fails to pay for them for any reason...the husband can always cover the whole thing, so nothing is open to the public. You talked about credit worthiness...do you know how many loans were never paid back and still owed to the bank? They were found to be credit worthy too...they can then file bankruptcy. Who knows if the draw down helped built the massive house? There are so many things wrong with this, and I find if unfortunate that you do not only see this, but lots of Nigerians like and agree with your submission.

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.

You should have shut up,instead of exposing your financial illiteracy and lack of banking knowledge.

There is a serious conflict of interest issue here.

CommonSense1967:


Obviously, your small brain was on vacation when you deviated from your so-called "intelligent conversation" and resulted in insult by calling someone an illiterate, I guess your parents didn't raise you well enough or your parameters of a good upbringing don't apply to you.
Pls stop clowning and get lost.

You again? You have not slept? . Is it your phone that has issues or you are very slow in typing? I hereby suspend all forms of communication with you. Good night Sir.

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

How do you take 50Bn as a loan without going through your state assembly? Even Tinubu is not this wicked.