OBAGADAFFI:

They can get out of it, but not after the hunters have successfully taken position.

Adesiji77:
http://nairametrics.com/banks-explain-why-they-did-not-remit-tsa-funds/

Raider76:
7m shares of gtb traded in one transaction. Are the FIs here?

Adesiji77:
http://nairametrics.com/access-bank-allocates-517-7-million-shares-as-staff-share-options/

locodemy:


This one no be today news naw..........e dey for their half year result already.

ihedioramma:
But can that stop them from paying the money? is it tru that uba has paid? lancee how things now ? .

austinkenneth:


THESE GUYS ARE DILUTING THE COMPANY SHARES!!!! NA WA OO FOR THIS NAIJA BANKING SECTOR. IT IS EITHER ONE THING OR THE OTHER. THE SHAREHOLDERS AS A GROUP ALWAYS GET THE SHORT END OF THE STICK.

godlyguy:
Getting ready for UNITY BANK @ #0.50k... This bank is goldmine for the discerning investor...

THE BIG SMART GUY

Adesiji77:


Of course, the fine would have to be paid. I dont have any independent confirmation @bolded. However, UBA claimed that they have remitted all the funds. See below...

http://punchng.com/2-3bn-nnpc-funds-cbn-bars-9-banks-forex-market/

angelo82:


That's not dilution but more like share buy back.Read the article well but the main deal behind purchase of the shares might be for Access to corner most of the dividends.

OBAGADAFFI:


I remember how Oceanic and Intercontinental bank were forcing their staff to buy their shares.

I don't trust Access with these scheme.

angelo82:


This is different as the employees are not paying for it.I believe is a proxy way of un approved share buy back aimed at reducing dividend pay out tactically.

ihedioramma:
But can that stop them from paying the money? is it tru that uba has paid? lancee how things now ? .

angelo82:


This is different as the employees are not paying for it.I believe is a proxy way of un approved share buy back aimed at reducing dividend pay out tactically.

OBAGADAFFI:



So instead of compensating their staff with money they are giving them shares.
Why not give them the option to choose between shares and real money.

These are well known games played over and over again.
You can't get anything free from any Nigerian Bank.

fxuser:
umm Emefiele curve ball !

barred banks on full offer
liquidity is key here

fxuser:
umm Emefiele curve ball !

barred banks on full offer
liquidity is key here

angelo82:


But UBA on bid.

Raider76:


Chance of a quick 10% JIJO be dat...

austinkenneth:


The shareholders are the ones going to get fleeced in this game. Nigerian banks and their machinations!!!!

The shareholder who subscribed to their IPO and public offers at high prices have been forgotten

Intendy:
stock with new 52 weeks high

GTB#26.26k


no new low

angelo82:


That's not dilution but more like share buy back.Read the article well but the main deal behind purchase of the shares might be for Access to corner most of the dividends.