For real?

I'm sure you are all aware of whats been going on in the Nigerian banking industry. If you're not, here's a brief recap. The following banks have been taken over by the CBN, due to large number of non-performing loans and weak bank policy. The MD's (managing directors) have been charged to court by the EFCC (Economic and Financial Crimes Commission)

• Oceanic bank - Mrs. Cecilia Ibru
• Intercontinental bank - Mr. Erastus Aknngbola
• Union bank - Mr. Bartholomew Ebong
• Afribank - Mr. Sebastian Adigwe
• Finbank - Mr. Okey Nwosu

After nearly a month in prison, the acting chief judge of the Federal High Court - Justice Dan Abutu, has finally set the following bail conditions for the accused:

• Payment of N100 million with two sureties in like sum, who will be a Nigerian resident in Lagos or Abuja to include

• A serving senator or member House of Representatives.

• A chairman of a board of directors of a reputable financial institution in Nigeria with headquarters in Lagos or in Abuja, whose company must have a capital base of not less than N1 billion as at December 2008 financial report.

• A chairman of a board of directors of a petroleum company or a petroleum servicing company with headquarters in Lagos or in Abuja, with a capital base of not less than N1 billion as at December 2008 financial report.

• A former governor in any state of the federation with a landed property at Ikoyi, Victoria Island, Lekki in Lagos and Maitama and Asokoro in Abuja.
  A speaker or deputy speaker of any state House of Assembly in Nigeria with a landed property at Ikoyi, Victoria Island, Lekki in Lagos and Maitama and Asokoro in Abuja.

Apart from these, the accused persons are to report at EFCC's Abuja office every first working day of every month, while the operatives of the EFCC are to verify all documents to be tendered within 48 hours to determine their admissibility or otherwise.
Source: Guardian Newspaper

Okaaaay! My first thought when I read this - stop teasing them! just let them sit in jail! How is one to come up with all or some of the above?! Keep in mind that if anyone comes up claiming to meet the above, he/she would also have to show proof that they have been paying taxes and prove that their business is legit (that'll be the difficult part).


...In other news, another day at work. Traffic wasn't too bad this morning, usual crazy Naija drivers and okada riders. Almost hit a car this morning (this Falomo bridge and Awolowo road can be scary sometimes). Thank God my car's quite big. I can oppress people on the road hehe..
Ok, off to do some work - as my sis will say "let me go and earn my salary"

xx