@luxiefitdaily: 🚨🚨 Must watch Your bank did not pay dividends last year. You checked your investment. Nothing came. You asked questions. Nobody gave you a straight answer. Here is the straight answer. Five of Nigeria's biggest banks—the ones where your salary lands, where your savings sit—collectively had to absorb over ₦2 trillion in bad loan provisions and impairments recently. UBA took a ₦331 billion hit. Access Bank's impairment charges jumped 209 percent. First Bank absorbed ₦748 billion in losses. The Central Bank of Nigeria's stance is clear: no healthy dividends until your balance sheets are sorted. Your returns? Frozen or slashed. And while a crashing Naira plays a huge part, a massive chunk of this systemic stress comes from a handful of elite mega-debtors. One of the biggest names the banks are chasing? Dr. Ernest Nnaemeka Azudialu-Obiejesi. He is the founder of Nestoil—Nigeria's biggest indigenous oil pipeline company. He holds a national honour. He sits on the board of Julius Berger. He is celebrated at every table that matters. And a consortium of lenders, led by FBNQuest Merchant Bank and First Trustees, claims his companies owe the banking system over $1.1 billion and ₦430 billion linked to major oil assets. When the banks finally moved—using court orders to send a receiver-manager and police to the gates of Nestoil Tower—the billionaires fought back all the way to the Supreme Court. On June 1, 2026, the Supreme Court ruled. Nestoil celebrated a massive victory because the court unfroze their assets and scolded the lower courts for jumping the gun. But the banks fired back, reminding the public that the war isn't over: the court did not wipe away the debt; it just sent the battle back to the High Court. We broke down exactly what the court said. Word for word. No spin. This 8-part documentary covers the debt, the oil deals, the court strategies, and the banking regulations that affect your money. Because this is about a system where elite corporate battles directly impact ordinary Nigerians queuing at ATMs. Watch it. Share it. This is your money. This is your story. . . . #onetruthhub #KnowTheTruth #questionauthority #Nestoil #NigeriaAccountability

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Saturday 13 June 2026 08:42:32 GMT

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Comments

Gathoni Ngatia ❤️ :

African need a total overhaul , it's draining listening to the things affecting our countries

2026-06-13 11:10:46

Osborne :

It is bias to place the blame solely on the borrower (Obi Jackson) for a lender's inability to pay dividends to its shareholders. A fundamental question is whether proper due diligence was conducted before the loan was approved. Were the borrower's creditworthiness, repayment capacity, and associated risks adequately assessed? Furthermore, were the interests of all stakeholders, including shareholders, depositors, and regulators, properly considered before the loan was disbursed? The issue may point to weaknesses in corporate governance rather than borrower misconduct alone. In many cases, poor lending decisions arise from inadequate risk management, weak internal controls, conflicts of interest, or failure to adhere to established lending standards. When loans are advanced without rigorous evaluation and oversight, the consequences can include loan defaults, reduced profitability, and an inability to meet shareholder expectations, including dividend payments. Therefore, accountability should extend beyond the borrower to include the executives, board members, and credit committees responsible for approving and monitoring such loans. Strong corporate governance requires transparency, accountability, and adherence to sound lending practices to protect the interests of all stakeholders.

2026-06-13 10:57:36

Toniehard :

weldone, pls can you do same analysis on dangote and otedola several unpaid and forgiven loans? Just to get a balance. I understand bank of.yhe north and union banks suffered in our richest men borrowing but not paying

2026-06-13 16:18:00

ezenwaekpe :

Is Nestoil owing $2b or that the banks have added (arguably) cumulative interest elements to achieve these massive debt numbers?

2026-06-14 01:34:33

cabron :

Can one safely extend a large loan in a country like Nigeria? Given the complexities of the business environment, it can be a challenging decision and requires thorough due diligence.

2026-06-13 20:26:31

adeola johnson :

The loop hole in the system allows this type of act and few people that knows it, make use of it even though they know it affect the people. They see no reason to allow you act against them because they are connected with the people above. The cash flow should be checked or investigated. Story for the gods.

2026-06-13 13:08:00

Capt.Mohzurmi :

Ohh my fckng goodness what a damn country i was born in?

2026-06-13 15:37:27

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