@BashirAdeleye@Nvictor555@FinPlanKaluAja1 If only you understand how project finance works. There is something called project milestones and project timelines. Can you start a building project today and finish it tomorrow even when you have all the money to build it in an account? Think!!!
@mikeachimugu01 Oga Mike, you’re human. You have done your part with admirable dedication and courage. Many people just don’t want to be objective about this issue anymore but are trying to blame you for whatever “misstep” your first thoughts about the issue was. Let it rest.
@mayanaibes @Adheydayor Again, the chart is about loan provision not the loan book (total loans disbursed). Understand the difference. Femi did speak about the bank’s bad debt; loan provisions are a way to write off bad debt. If the bank recovers the debt in the future, they write it back into earnings
@mayanaibes @Adheydayor The chart speaks to the loan provisions (money set aside from earnings) the bank has made over a ten year period. Femi speaks directly to the huge provision made in 2025. Notice the significant jump in the provision between 2024 and 2025. Put that in context with his comments.
@mayanaibes @Adheydayor Do the math over the years; it sums up to that. Also, the chart is not about their loan book but about the provisions they made for bad loans in their books for those years.
@Yemi_of_Lagos@taiwoyedele @Oterere1 @DonAzag NO! Whether it’s a transfer to yourself or a friend or relative or anyone at all. No tax is incurred. Tax is paid on “assessible income”. Income is money earned or worked for.