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Peter Obi’s Bank Thriving Under Tinubu’s Economy - Reno Omokri - Politics (3) - Nairaland 847f

Peter Obi’s Bank Thriving Under Tinubu’s Economy - Reno Omokri (17617 Views)

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Chucks13: 1:45pm On Jun 03
Yes. Obi is happy and smiling his fidelity Bank soaring yet complaining economy is not good and his gullible failure ers can't reason properly to know obi is a big political scam.
Belleful: 1:46pm On Jun 03
The economy is bad because we the poor masses are the ones feeling it. If you Reno can tell us why u switched to Emilocan side after going to chase him out of Chatham house, if not for stomach infrastructure. Reno lack d moral right to attack obi

1 Like

PresidObi: 1:47pm On Jun 03
9jatriot:
2 of una are liars. See the date here, 2023? Was he a governor in 2023. Then look at the date he stop filling returns, that was 2020, was he still a governor in 2020? You guys lie too much abeg.


https://punchng.com/uk-shut-obis-company-over--issues-report/


You're not even very intelligent grin

Punch did a propaganda stunt and lied against Obi in 2023 for what was settled since 2012 pr so when Obi was governor and even made full disclosure grin

Blame punch and the propaganda mills trying to destroy Obi clean personality before the elections.

1 Like

nairalanda1(m): 1:47pm On Jun 03
Banks will always make bank. The ones that don't make bank are the ones that essentially run as free money outlets, or run sans regulation.

Abi, first bank and union bank did well in the SAP era. When most Nigerians were suffering, Union Bank was telling us they were big, strong reliable(and at one point were telling us they were the first bank in NIgeria to hit 1bn naira in assets...back in 1990, which was a mega ton of money in those days), and first bank was busy saying truly the first, and UBA then was advertsing products like house loan (which most people could not afford, lol).

Reno should tell his new master that the true mark of an economy is its productivity, which PO, for all his flaws, at least gets. His master don't get it at all.

1 Like

famouscargo4u: 1:47pm On Jun 03
[quote author=Brendaniel post=135610158]

Was Reno expecting the bank to fail?

And why did he single out only Fidelity Bank?

Are there not other banks, why didn't he ask why they haven't failed either?


This discussion is a very petty one from Reno, let Reno go to his hometown and count how many businesses that have closed down or still running since Tinubu came on board or is he not concerned about his own people? When would he talk about the plight of his own people, always on Igbo matter and Peter Obi [/quote

All banks posted huge profits

2 Likes

Abbeytoy(m): 1:47pm On Jun 03
bluebay:
Can someone shut this talkative up?

Because he counters Obi with facts?

1 Like

Sccarrr: 1:48pm On Jun 03
PresidObi:


So says a misinformed propaganda victim. His beer investment is still selling more than Nigerian breweries and Guinness.

Go and .
lmao... dreaming is free😂😹

1 Like

Factcheck0001: 1:52pm On Jun 03
Akalia:
word on marble.

Peter obi over Tinubu.
only Ibos think this way cos they need Ibo president desperately

1 Like

OctavianAC(m): 1:53pm On Jun 03
Richtaiwo:
Peter obi can be president, he is just deceiving himself.

Yes, Peter Obi will become the President.

2 Likes

nairalanda1(m): 1:55pm On Jun 03
Vision101:

Your line of argument has no weight and it's illogical.

It is very logical. Banks will do well, even when the economy is bad, because 1) there are opportunities for them in a bad economy 2) they operate...at least the good ones....under very careful rules and regulations 3) maybe insurance 4) Reforms from 1994-2007 essentially meant that you could not just go and open a bank without capital. 5) people in this country love to save their money, and most employers pay salaries through the banks.

First bank, Union Bank and old UBA did well in the SAP era , while most factories and businesses closed down (this was the time when people were complaining that factories and warehouses, at least in the Lagos area, were becoming churches) and car production at PAN kaduna went down from 200 cars a day in 1981 to less than 30 by 1995.

The real mark of an economy is its productivity. You guys are not asking your leaders why your government is not developing an economy that is, going to y'know....produce stuff that the world needs.

Don't tell me tinubu is doing something. He is doing what his predecessors did. He is not making the hard decisions.
Mathewrichard99: 1:55pm On Jun 03
This guy and his low brainer analysis. Let's look at it from the point of banks declaring profits.

Nigeria banks have the habits of always declaring bloated profits.

Nigeria banks aren't anything but blood profiteering from the sweat of their customers.

If customers can be observant and note how many debits the banks does from their s everyday, every week. Banks has increased their charges on every s even the domiciliary s included.

The astronomical rise in banks’ profits as reflected in the 2024 full year financial report has exposed the banking industry as a lucrative enterprise powered by arbitrary charges imposed on unwilling customers. In some cases, these inexplicable fees and other unholy electronic deductions, leave customers to reel on the throes of pains, with impact on their blood.

That the Central Bank of Nigeria (CBN) has been penalizing the banks for flouting stipulated guidelines as contained in its Guide to Charges by Banks, Other Financial, and Non-bank Financial Institutions is a confirmation that these banks deliberately use arbitrary and excessive charges to fleece customers, obviously to boost profitability.


Since these painful charges constitute part of the big profits made by banks at the expense of customers, they are likened to blood profits. Like blood money, which is obtained at the expense of another’s man’s life, blood profits are earnings gained by banks at the cost of customers’ blood.

In context, blood here refers to the sweat, sacrifice, pains, frustration and helplessness customers go through when deductions veiled in hidden and arbitrary charges are made on their s.In other words, bank earnings are tantamount to blood profits when viewed against the backdrop of resultant pains suffered by helpless customers who bear the brunt of arbitrary charges.


These charges are embedded in crazy debits alerts sent through SMS notifications and emails, and sometimes,they are delivered incoherently, in arrears or at odd hours, perhaps,to shield or distract customers from scrutinizing the alerts. Besides causing general body imbalance, the charges also trigger mood swings and countenance upset among customers, once received.

Some of these crazy charges include, but not limited to commission on turnover, withdrawal fees, transfer charges, electronic money transfer, processing fees, VAT charges, ATM fees, debit or credit cards issuance, replacement or renewal fees, maintenance fees, NIP transfer charges, SMS alert charges, stamp duty fees, interest charges, SMS VAT charges, hardware token charges, cybersecurity levy, bills payment fees, and other random levies.
onuman: 2:01pm On Jun 03
After May 29, 2027, Reno Omokri will lose for the 3rd time.
Reno of acidic mindset. Reno is hunted for calling Bola Tinubu a drug trafficking lord during the 2023 presidential election.
Streetinvestor2: 2:03pm On Jun 03
Abeg watin obi take senior reno.He no dey shame to talk say man like him get this kind investment .He is running up and down to be SA to him mate..lol

3 Likes

hardbody: 2:03pm On Jun 03
favouritecandy:
My question to Mr Obi is this: If President Tinubu has destroyed the economy, how come a bank in which you have substantial shares (about 10%) and were its former Chairman of the Board?


Omo this is thought provoking

There is nothing thought provoking here. The simple implication is that Fidelity could have done more if the economy was conducive enough or at least better than it is currently
bluecircle470: 2:04pm On Jun 03
bluebay:
Can someone shut this talkative up?

You no get hand or mouth to shut him up?
9japride(m): 2:06pm On Jun 03
Chucks13:
Yes. Obi is happy and smiling his fidelity Bank soaring yet complaining economy is not good and his gullible failure ers can't reason properly to know obi is a big political scam.

[color=#006600][/color]

Amongst all the politicians you know, does anyone one of them have the masses in their hearts?
Peter Obi is already made, it's the masses that have themselves to worry if they keep electing vampires.
So you expect him not to be doing well?
Imagine giving political power to someone like Reno? I wonder if they really hate the common man. He was once a minister, so he's already used to wealth. I only pity those ing him.
Abeg guys reason the quoted statement and see the mindset of those who are fighting Peter Obi.
Eagleways: 2:06pm On Jun 03
Richtaiwo:
Peter obi can be president, he is just deceiving himself.
just read what karma made you write.
9jatriot(m): 2:07pm On Jun 03
Fake damage control. You think insults will work. Obi failed in this business, contrary to the minder's touch you were trying to portray. You lied that he closed it down when he became governor, so I ask you again, was Obi just becoming governor in 2020?
See another report for you to try to twist again.

Peter Obi’s campaign lied about dissolution of Next UK
Our report revealed that Next International (UK) Limited failed to submit its annual s for the year 2020, hence, the company was struck off and dissolved in 2021.
byKabir Yusuf January 15, 2023

On Wednesday, TIMES exclusively reported how the company was removed from the UK Companies House in September 2021 following a first and second gazette notice of a “compulsory” strike off of the entity by authorities in the UK.

Our report revealed that Next International (UK) Limited failed to submit its annual s for the year 2020, hence, the company was struck off and dissolved in 2021.

However, Mr Onifade’s claim that the company was voluntarily dissolved is a lie, contradicted by official documents.

First, a voluntary strike-off in the UK is when a company director voluntarily requests that their company is struck off the by submitting a DS01 form to Companies House and paying the appropriate istration fee, according to UK Liquidators.

To confirm the company was struck off compulsorily, a first official notice was issued to the firm on 22nd June 2021, warning that a failure to file its annual report will lead to its removal from the Company House .

Records show that the company was ed as business “agents involved in the sale of a variety of goods” in England and Wales. The firm reported taking a mortgage from Lloyds TSB Bank Plc for a property on 53 Clyde Road, Croydon.

https://www.timesng.com/news/575778-peter-obis-campaign-lied-about-dissolution-of-next-uk.html
PresidObi:


You're not even very intelligent grin

Punch did a propaganda stunt and lied against Obi in 2023 for what was settled since 2012 pr so when Obi was governor and even made full disclosure grin

Blame punch and the propaganda mills trying to destroy Obi clean personality before the elections.

1 Like

spiSeyi: 2:07pm On Jun 03
Whaooow Reno can be this low grin when almost all the experts in the banking industry don jakpa bcs of APC hardship. In the same economy where no Nigerian bank is top 10 in Africa, where the Naira is the lowest in West Africa. Reno can't be relevant without mentioning PO cheesy
Smartjob1(f): 2:09pm On Jun 03
How did Reno end up becoming so us.eless? He used to be a pastor and an acclaimed bestseller book writer. What happened to him? How did he degenerate into a nonentity?

1 Like

PresidObi: 2:11pm On Jun 03
9jatriot:
Fake damage control. You think insults will work. Obi failed in this business, contrary to the minder's touch you were trying to portray. You lied that he closed it down when he became governor, so I ask you again, was Obi just becoming governor in 2020?
See another report for you to try to twist again.

https://www.timesng.com/news/575778-peter-obis-campaign-lied-about-dissolution-of-next-uk.html

Propaganda victim grin

You will recover later.
arantess: 2:11pm On Jun 03
unfortunate people always mentioning Obis name even in their sleep.

obi is the air they breathe
Gboom: 2:13pm On Jun 03
PresidObi:


So says a misinformed propaganda victim. His beer investment is still selling more than Nigerian breweries and Guinness.

Go and .
You guys are so confident in lying
redcliff: 2:13pm On Jun 03
Fidelity is now Peter Obis bank. The problem with Reno is that he does not tell the truth but does not also tell you a lie. He tells you a version of the truth that he wants you to hear to auit a narraitve. Manipulated truth. This is exactly how the devil works. If Reno can leave Jonathan jumo to Obo, jump to Atiku, then jump to tinunu, trust me, that is not the person you want to be putting alot of faith in
Mrexcell(m): 2:26pm On Jun 03
favouritecandy:
My question to Mr Obi is this: If President Tinubu has destroyed the economy, how come a bank in which you have substantial shares (about 10%) and were its former Chairman of the Board?


Omo this is thought provoking


Using the profits banks make to judge the performance of the economy is really very dumb, fidelity bank could have made their huge profits due to their prudent management or from their s in other countries the record profits has nothing to do with tinibu. If tinibu is really managing the economy very well nigeria wouldn't have been ranked as the poverty and hunger capital of the whole world.
NewHe: 2:27pm On Jun 03
What an irony!
Switruth: 2:34pm On Jun 03
Richtaiwo:
Peter obi can be president, he is just deceiving himself.
Yes he is deceiving himself that he can't be president but ideally he can.

Now you agree that he can be president.

1 Like

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