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See my boys... The List of Major Debtors of Non-Performing Loans in Five Banks The Central Bank of Nigeria (CBN) has released the details of major and largest debtors of non-performing loans of the five banks whose managements were sacked recently. The debtors include government agencies, corporate organisations and individuals in their personal capacities. Most of the directors are popular billionaires, politicians, retired military Generals among others. The defaulting customers of the affected banks have been directed to pay the amounts without further delay their indebtedness, failing which the central bank would take all appropriate legal actions to ensure payment. Out of the N210bn of the non-performing loan of the Intercontinental Bank Plc, the major and largest debtors as at May 2009 include Ascot Offshore Nigeria Limited which has as its directors Joey Chuma Obue and Samuel Aikhionbare owing N44bn, Rockson Engineering Limited that belongs to Engr. J.I.A. Arumemikhide having N36bn to offset, United Alliance Company of Mr. Aig-Imoukhede and Herbert Wigwe to refund N16bn, Rahamaniya Oil and Gas of Abdulrahaman Bashir with N12bn, Dansa Oil and Gas of Aliko Dangote ...

By tomorrow morning, it will be in all newspapers that the Central Bank of Nigeria (CBN) has sacked the entire management of five Nigerian banks. The CEOs that have been sacked are Erastus Akingbola (Intercontinental Bank CEO) Bartholomew Ebong (Union Bank CEO) Mrs Cecelia Ibru (Oceanic Bank) Okey Nwosu (Finbank CEO) Sebastian Adigwe (Afribank CEO); CBN governor, Sanusi Lamido Sanusi, at the Emergency Bankers’ Committee meeting organized by the CBN in Lagos, said the decision was taken to safeguard the financial sector from systemic collapse. As Sahara Reporters reported, the announcement of the sack of the super CEOs is coming on the heel of revelations that the former Central Bank of Nigeria governor, Charles Soludo, provided soft loans to the affected banks. The CBN under Soludo gave Oceanic bank (N80 billion), Intercontinental bank (N72 billion), Skye bank (N60 billion) and FinBank (N40 billion). Police has sice taken over the banks' headquarters premises and new acting CEOs have been appointed. Apart from the fact that I love business to the bone, the closest I got to being a financial analyst was my foray at trying to be a GoldmanSachs intern. As such, I cannot say this is what this means for the Nigerian financial sector and all of us. These are ...

Funny story I read. For more of it..go to www.seriouslytalking.com. Here is it.... I went to the club as usual on friday night to hangout with the guys and on this particular night,i saw toksy dre,one of the "unruly bunch" who hardly visited the club at this kind of time,tie askew,no blazer,ruffled hair ,a week of stubble on his chin and a furrowed look,this wasn't the young CEO of hexy oil that i knew,something was amiss and it was amiss seriously! after a couple of drinks(no margaritas),i decided to find out what was wrong. Mista Mann: toks,kilon sele,how u dey! Toks: norin mushh o!your guy just dey Mista mann: no seriously,you look like PDP governor wey dey await result from election petition tribunal! Toks: no be so(with a smile...) Last week was my birthday and I didn't feel very well waking up on that morning. I went downstairs for breakfast hoping my wife would be pleasant and say, 'Happy Birthday!', and possibly have a small present for me. As it turned out, she barely said good morning, let alone ' Happy Birthday.' I thought, Well, that's marriage for you, but the kids, They will remember. My kids came bounding down stairs to breakfast and didn't say a word. So ...

Patrick Obahiagbon is a member of the Nigerian National Assembly. This MP from Edo State loves expressing himself and he does so with big grammar that surpasses Pastor Chris Okotie's own. Even if we are bored of our lawmakers not making decisions on time, this at leasts contributes fun to their sessions. I think you should enjoy this session of serious grammar flaunting. Even fellow reps including Hon. Dimeji Bankole can't help but laugh. You shouldn't do otherwise.

I am sure a sizable number of you (reading this piece) would be looking forward to see me make a forecast or say, revelation. I am no Nostradamus, and even if Nostradamus were alive, he would miss it when it comes Nigeria or he would simply say the obvious ( I predicted that Yaradua was going to win in 2007 two weeks to the election. A penny for me!). Like any other Nigerian election 2011 will come with its own usual bickering, racketeering, landslide wins and lawsuits; but one thing will change - Nigerians (lots of youth included) will vote based on well informed choices. I will make a prediction here, 2011 is the year when "Nigeria truly decides". A quick disclaimer, Alhaji Musa Yaradua is still Chairman of Aso Rock and he is doing 'well' at that. I do not need a seer to tell me that he is a top contender in 2011. Mr. President has said we should judge him only after his tenure (laughs). A point there, but no good point. Mr. President had better perform the same magic he did in Katsina then now. For me as ...