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Nairaland Forum / Nairaland / General / Business / CBN Bars Banks With Huge Bad Loans From Paying Dividends (7250 Views)
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CBN Bars Banks With Huge Bad Loans From Paying Dividends by dre11(m): 6:21am On Feb 19, 2018 |
Oyetunji Abioye http://punchng.com/cbn-bars-banks-with-huge-bad-loans-from-paying-dividends/
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Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by saintneo(m): 6:27am On Feb 19, 2018 |
makes senses. Yes, how can a business be in debt and be sharing profit, makes no sense I must say. Businesses should work towards erasing all debts before sharing to shareholders. Most especially, Banks should make adequate provision for all their loans before declaration of profit. this one is hat-trick. super! first to comment thrice in one day. more likes, shares and cheers people; I'm really having a ball. long time since I went crazy on nairaland. 8 Likes |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by Nobody: 10:07am On Feb 19, 2018 |
Not so right... 1 Like 1 Share |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by Adefemiaderoju1: 10:08am On Feb 19, 2018 |
Welldone on this one CBN 1 Like |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by Sardonicus: 10:08am On Feb 19, 2018 |
How does an average Nigerian know if this is a good thing or not. 3 Likes |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by Realdeals(m): 10:10am On Feb 19, 2018 |
Good move. |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by Nobody: 10:10am On Feb 19, 2018 |
Shareholders in one chance... 1 Like |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by King4Roller: 10:10am On Feb 19, 2018 |
Is it the shareholders fault? The shares for which they are being paid dividend is in itself a loan 2 Likes |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by ooranguntan(m): 10:11am On Feb 19, 2018 |
Gbabe oshi |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by pentax(m): 10:12am On Feb 19, 2018 |
I don't have anything meaningful to contribute to this thread 2 Likes |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by buffalowings4: 10:12am On Feb 19, 2018 |
Nonsense List of the banks or stop shouting nonsense 1 Like |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by drunkpunk(m): 10:13am On Feb 19, 2018 |
maybe the person below would have something to say.. 1 Like |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by simonlee(m): 10:14am On Feb 19, 2018 |
FCMB shareholders right now
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Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by bigplayerz(m): 10:15am On Feb 19, 2018 |
That was what the then Oceanic bank was doing...and nobody was saying anything...thumbs up on this CBN |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by DWJOBScom(m): 10:18am On Feb 19, 2018 |
This is good and quite commendable Where directors with messed up balance sheet will still deem it fit to pay themselves dividends after hulling off each bonuses for themselves. They just want to kill off the companies |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by simonlee(m): 10:19am On Feb 19, 2018 |
King4Roller:This is Nigeria... anything flies here! |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by adisabarber(m): 10:20am On Feb 19, 2018 |
Why punish investors? If you will not pay them dividend then convert it to shares. Maybe 1 bonus share for every 5 shares held 2 Likes |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by simonlee(m): 10:22am On Feb 19, 2018 |
saintneo: Your mates are in the office right now in CBN and youre here commenting on NL. You are one of the major problems in Nigeria... see how happy you are sef |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by Spidermon: 10:24am On Feb 19, 2018 |
It is a good development if they don't circumvent it as usual. Banks give loans to their cronies which are not returned then the poor customers who are refused loans are then over charged on their bank accounts under all sorts of headings Sms, ATM card, maintenance fees etc |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by Nobody: 10:26am On Feb 19, 2018 |
If would improve any aspect of the banking industries |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by INTEGRITYA1(m): 10:27am On Feb 19, 2018 |
For those saying good move, who are those at receiving end? You guys didn't asked or you don't really understand. Who responsible for bad loans? I believe not the share holders. I'm busy right now. |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by Hormotorlah: 10:28am On Feb 19, 2018 |
I was expecting to see the list of the affected banks 1 Like |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by ajadematanle: 10:29am On Feb 19, 2018 |
The MD and directors are using dividend payment as a legal mean of fleecing the bank.Despite running a negative books,they want shareholders to believe the bank is buoyant. |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by chibuzorAbia: 10:29am On Feb 19, 2018 |
Foolish Nigerians will never listen. ......Nigerians are the problem Fvcked up people right from birth!! Everything is absolutely crooked in this awful country/people. |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by WorldAmbassador: 10:29am On Feb 19, 2018 |
dre11: |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by ibkgab001: 10:30am On Feb 19, 2018 |
Monday money |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by bettercreature(m): 10:33am On Feb 19, 2018 |
Sardonicus:Its a very bad move its just like MMM holding your money hostage and this will surely discourage people from buying shares 1 Like |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by saintneo(m): 10:35am On Feb 19, 2018 |
simonlee:bros, I'm on leave, and I'm plotting how to improve my private business in this tough recession where people prefer to get food first to other consumables. Please ensure you contribute your like and share to my posts today, love you, and ensure you talk positively about Jesus today. |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by Suko110(m): 10:37am On Feb 19, 2018 |
saintneo: 1 Like
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Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by Fourwinds: 11:01am On Feb 19, 2018 |
King4Roller:don't mind them...it is the useless banks that connived with CBN to place this ban... |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by bless2tom(m): 1:09pm On Feb 19, 2018 |
adisabarber:Yea... You are right, that is what Skyebank did last share |
Re: CBN Bars Banks With Huge Bad Loans From Paying Dividends by linearity: 1:11pm On Feb 19, 2018 |
King4Roller: Shares is not a loan, it gives you an ownership right to the asset, in this case the bank. You bought an asset, the bank did not owe you a dime, you can turn around and sell those shares/asset to someone else just like you wil do to any other asset you own e.g. a car, TV, etc...and unlike these other assets, you cannot return your share back to the bank, unless the bank are offering a buy back program. All shareholders have ownership rights e.g. to Bank in proportion to their shares relative to total shares in circulation. Which means, as owners you are the one in debts if the bank is in debt, as shareholders are part of the Board of Directors and often dictate the macro directions of the Bank. In bankruptcy filings, debtors are usually given priority in payment, before shareholders are considered, as it is not fair to reward those who ran the company into the ground, before debtors. Now, you might say what am saying is not applicable to all shareholders...that is correct, because the magnitude of your voice and influence as a shareholder is directly proportional to the percentage of your shareholdings. The individual that owns the highest share percentage essentially runs the company through the Board of Directors and determines what goes on, since he/she stands to loss more if things don’t work out....so if you want to be counted, buy more shares. 2 Likes |
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