New Thinking For Loan Risk Management By Nigerian Banks

By Akin Oladeji –Johnbrowne Asset Management Corporation of Nigeria (AMCON) was established to resolve bad loan problems created by banks in Nigeria. The creation of AMCON was a political necessity to avert systemic credit crisis in the financial markets. In an ideal world, a borrower would be expected to keep to his promise of repayment of loan taken from a lender based on the terms agreed. However, this has never been true even in most advanced economies, hence the need for Loan Risk Management (LRM). In Nigeria, bad loan is…

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Supreme Court And Imo- A Matter Of Courage

By Senator Sola Akinyede OON, LL.M Certain facts in the Imo State gubernatorial election petition appear to be clear. 1. Senator Hope Uzodinma claimed that elections took place in 388 polling units and that his votes in those units were excluded from the results of the election. 2. INEC claimed that elections did not take place in those polling units. 3. The Election Tribunal and the Court of Appeal agreed that Uzodinma did not prove that elections took place in those polling units. 4. A policeman who was not and…

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2023: What if the Igbo want to be president?

By Ikechukwu Amaechi “If the Igbo want to be president” is now the refrain in Nigeria even as the next election cycle in 2023 is three years away. When it has to do with Ndigbo and their inalienable right to seek the highest office in the land, every Nigerian has an opinion. Ordinarily, there is nothing wrong in that. But when such opinions dwell on whether the Igbo even have the right to aspire or what they must do to be “allowed” to succeed President Muhammadu Buhari in 2023, it…

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Amended AMCON Act: Taking Recovery To The Next Level

AMCON MD/CEO, Ahmed Lawan Kuru (ALK), stressing a point during one of his meetings with ICPC in Abuja ——————————————————————————————————————- By Bashir Ibrahim Hassan There has been noticeable rise in positive responses from obligors since constituting the task force on recovery of AMCON debt under the office of Vice President Yomi Osinbajo SAN and the subsequent signing of the Asset Management Corporation of Nigeria (Amendment No. 2) Act 2019 by President Muhammadu Buhari, which gave the committee the teeth to bite, last month. Finally, the jinx is broken at AMCON, so…

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Air Rage: Dealing With Emerging Challenge For Airline Industry

By Wole Shadare Indeed, air rage has become a global problem. Such unruly behaviour, threatening safety and security, adversely affects the travel experience of compliant passengers and disrupts operations that may result in flight delays, cancellations or diversions. Airline personnel have, increasingly, found it necessary to deal with unruly and disruptive passengers, some of whom display violent behaviour. This behaviour can result in serious injury to staff and passengers and can compromise the safety of the aircraft. Termed ‘Air Rage’, this phenomenon enjoys regular media attention and airlines, unions and…

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Gov. Ihedioha Pays Imo Workers 100% Salary As Promised During Campaign

By Ogu Bundu Nwadike, M.A After the momentary hitch and delay in the implementation of the promise by the Imo State governor, His Excellency, Rt. Hon. Emeka Ihedioha CON KSC that his administration will revert back to paying workers in the service of Imo State 100% of their salaries as against the 70% that the ex-governor Rochas Okorocha was paying them, the promise will eventually come alive from the payment of the salary of August 2019. A circular to that effect signed by the Accountant General of the State, Igbo…

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Tinubu Defending Fulani Herdsmen, World’s Fourth Deadliest Terrorist Organisation

By Abimbola Adelakun This is, undoubtedly, a difficult time for Afenifere leader, Baba Reuben Fasoranti. He has suffered a grievous loss of his daughter, Funke Olakunrin, in untoward circumstances. The loss of one’s child is a painful and traumatic experience. My prayer for him and his family is to find strength at this trying time. Now, the death of Mrs Olakunrin is bad enough; the politicisation of the grief is grossly unfair to the family of the deceased. We have always known that some of our leaders have bad manners,…

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Nigeria Under Buhari: A Nation In Reverse Separatism

By Russel Andrew Crowe Calls for the rebirth of the defunct Republic of Biafra have been increasingly heard on the streets of Nigeria in recent times. Following the reunification of Nigeria and Biafra in 1970, the world looked forward to a new Nigeria without the ethnic-tinged political injustices that had alienated one of the most important ethnicities in Nigeria – the Igbo and their near-kins- to the point of seeking a country of their own by force in 1967. But soon enough, it became clear that, rather than do the…

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Nigeria, RUGA Controversy And Buhari’s Place In History

By Onyema Omenuwa Let me state without equivocation that the controversy and debate, which the Federal Government-proposed Ruga policy has generated will not abate so soon. I’m not a pessimist but not with the sheer intransigence being exhibited by Muhammadu Buhari’s administration to foist the policy on the country, willy-nilly. Buhari is from the Fulani ethnic group, which the Ruga agenda is designed to benefit. You may argue that there is nothing wrong with an ethnic group being favoured for a governmental programme; yes but not when such a programme…

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Debt Recovery: AMCON Goes Into Unsparing Enforcement Mode

By Bashir Ibrahim Hassan Although Asset Management Corporation of Nigeria (AMCON) has recovered about N1.22 trillion of the bad debt – with about 5trillion still outstanding –the agency’s reputation has for long been blemished by the impression that, while recoveries are made from those without political clout, well-connected people known to be big debtors walk the streets freely. The situation is about to change for the better. “I think the time has come for us (Federal Government) to set some examples with some of these top debtors of AMCON, which…will…

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