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The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad "People do not have to believe in you for you to succeed. Work hard. When you succeed, they will believe." - Stephen Keshi |
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It has everything to do with it
__________________
The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad "People do not have to believe in you for you to succeed. Work hard. When you succeed, they will believe." - Stephen Keshi |
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Capital Oil Re-opens, AMCON to Oversee Finances, Articles | THISDAY LIVE
With AMCON having the upper hand over Capital Oil's assets, how on earth will Access bank ever recover the billions owed them by Ifeanyi Ubah. Shouldn't we be expecting a heavy write-off (exceptional item ala UBA) very soon by Access bank??! |
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“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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Last edited by manemi; 14th January 2013 at 03:45 PM. |
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The Access debt is different from the AMCON Debt. The Access debt as 'performing' so it's not likely that AMCON took it out of Access' books...
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when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads A hen that leaves her chicks unguarded should not complain when the predatory hawk comes calling - horlads |
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Bros, shuo...?? you think say AMCON come count bridge for Lagos abi? They want to recover their own money too nauw andthe guy has been playing smart on them so they decided to swoop on him...
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when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads A hen that leaves her chicks unguarded should not complain when the predatory hawk comes calling - horlads |
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So possibly the AMCON money with Capital Oil is money from other banks' loans to Capital Oil, and not that of Access, which was "performing"?
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Quote:
__________________
when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads A hen that leaves her chicks unguarded should not complain when the predatory hawk comes calling - horlads |
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I thought someone said on this Forum that Access has some powerful connections in Government. Why can't they use that to recover their money, just as AMCON "got back their money" form Otedola recently?
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The cheapest stock in an overvalued market may still be overvalued |
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Access does have clout with the FG, where this comes from I don't know, what I do however know is that they used to get cheap (maybe illegal) funds from government agencies, eg in 2006 EFCC had about N5b with them (recovered funds not yet remitted to the treasury).
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"If you don't have ambition, you shouldn't be alive." Aliko Dangote |
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Access bank has hit my radar...
__________________
The Knight of Delta "Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad "People do not have to believe in you for you to succeed. Work hard. When you succeed, they will believe." - Stephen Keshi |
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