According to Nana, she used what she has to get what she needs after her boyfriend who was sponsoring her education abandoned her midway following lies told against her by jealous friends. Her words: "My boyfriend whom I met when I went to visit an uncle who was sponsoring my education. We had agreed to get married as soon as possible. Then some people i regard has a friends started peddling wicked lies against me without confirming if they were saying was true or false, he called it quits just like that. They told him I had an incurable disease. So, i decided to help myself because my parents cannot do anything for me. We are poor. My father used to be a driver but now he is unemployed while my mother is a full time housewife. Sometimes, she sells vegetables", They were paying me GH¢150 a month and you work late hours. But if you go out to hustle in the night, you can get that kind of money within a day or two. About 600 men slept...
FG VOWS TO PROSECUTE OFFERDERS IN FAILED SKYE BANK.
The minister give the directive during her familiarization visit to the Executive management of the NDIC led by the managing Director and Chief Executive, Amaru Ibrahim.
The minister of finance, Hajiya Zainab Ahmed, has directed the Central Bank of Nigeria (CBN), and Nigeria Deposit insurance corporation (NDIC), to fully investigate and prosecute all the Directors and Executive management who contributed to the collapse of the defunct Skye Bank plc as well as other Deposit money Banks (DMBs), in liquidation.
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| Skye Bank |
The Head, communication and public affairs, NDIC Mohammed Kudu Ibrahim in statement released yesterday stated the minister expressed her serious concern about the spite of non-performing loans in the banking industry, adding that while the bail-out of distress financial institutions was necessary in the interest of the stability of the banking system. Emphasis should also be placed on the investigation and prosecution of delinquent Board Directors and Executive management of financial institutions who abused trust place on them by depositors.
According to Ibrahim :The minister urged the CBN and the NDIC to use the recent failure of the defunct Skye Bank plc as an opportunity to deal decisively with any of it's Directors and management found culpable in the course of the investigations,so as to serve as a deterrent to other operators in the financial system as the federal government is no longer prepared to treat such serious infractions with levity".
Earlier in his welcome address, the NDIC MD/CE assured the minister that the corporation will do all it can to assist in the recovery of all the debts owed the defunct Skye Bank and other Banks in liquidation. He also expressed the corporations determination to ensure that the Directors who perpetrated in insider abuse and other illegalities in running the affairs of the bank are investigated and prosecuted by appropriate authorities, The primary concern of the NDIC, he assured the minister, was to ensure the safety of depositors funds and minimise the disruption of banking services.
The MD/CE informed the minister that since 1991,the aggregate payment to depositors, creditors and shareholders of 46 closed banks amounted to N11.75 billion, out of which the total payments to be insured deposit money Banks (DMBs) amounted to N8.252 billion.
The MD/CE also stated that a total of N2.89 billion was paid out to insured depositors of microfinance Banks(MFBs) covering 8,657 individual accounts while N69.60 million was also paid to insured depositors of primary mortgage Banks (PMBs). myyoungstarnews.spotblog.com
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