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Dr. Guendouzi ( The Cerebral Assassin ) Profile picture
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14 Nov, 4 tweets, 1 min read
Access, a combination of Diamond and Access bank has over 600 branches, operating in 3 continents and 31m customers. N4.5trn deposit from customers, gross earnings of N667bn.
How many accounts can you lead people to close on twitter? How will it affect their balance sheet?
Can you remove N1trn out of the bank's deposit from twitter?
Your brothers and sisters working in the bank will be the ones to reopen the accounts as part of their KPIs. You are only threatening the jobs of Nigerians working in the bank. You better go to court and challenge CBN.
It's your account officers that will suffer. All of them will be asked to open 100 accounts with available balance in 1 week.
What do you intend to achieve on twitter? With a PBT of N115bn & N278bn net interest income, 667bn gross earnings, can you take 5bn out of these figures?
Even N5bn won't shake the bank. Approach the court and stop wasting your time here.

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More from @fimiletoks

Dr. Guendouzi ( The Cerebral Assassin ) Profile picture
16 Nov
Yes, let me try and explain it clearly. Ecowas has what is called Common External Tariff / duty. The breakdown is shown in the document below. The tariff is meant to promote trade, industrialization and development within the region. When the chinese, lebanese and some Nigerians Image
Import these items through Cotonou and Togo ports, some of them are repackaged e.g Rice and others are moved through the land border under Basic social goods, Raw goods and capital goods. Cars for example will fall under capital goods. They pay 0% duty or 5%..
These goods are not produced in those countries so ordinarily they should not qualify for CET. They should be shipped to the port of final destination directly or through trans-shipment to our port.
The disparity in tariff encourages smuggling and dumping.
Read 6 tweets
Dr. Guendouzi ( The Cerebral Assassin ) Profile picture
16 Nov
A guy said doc, we have 70m poor people in Nigeria, "poverty capital".. I replied but we have 136m people that aren't poor in Nigeria. This figure is enough to populate other W. African countries. The population of W. Africa net Nigeria is 167m. What have we done with this number
How do we ensure that they don't roll into poverty. I also explained income and deprivation. Deprivation is the biggest issue not income. Pick a village, provide the basic amenities - hospitals, schools, water, off grid power, roads, security, financial services, loans..
And watch them flourish in few years. This is how countries lift people put of poverty. We don't necessarily need to put money in their hands. Build a University in my town today and watch how trade, farming, real estate, retail stores, laundry, restaurants spring up.
Read 4 tweets
Dr. Guendouzi ( The Cerebral Assassin ) Profile picture
7 Nov
Let me paint a typical scenario of systemic corruption in Nigeria. The government is about to reconstruct a road. Road identified, linking town A with B. The minister or commissioner goes to the ministry of works to inform the civil servants of the project to be done.
The civil servants from the perm sec, directors, engineers, surveyors etc have to validate the project. They are the ones to measure the length/ width etc. The road which is 30kms in length after measurement by civil servants become 38km. Road padding and contract inflation..
The cost of the padded 8km is their gain in the ministry. From top to bottom, they set up to share the proceed of the corrupt act. The minister or commissioner cannot physically measure or inspect all the roads that require attention and by law he must work with the ministry.
Read 9 tweets
Dr. Guendouzi ( The Cerebral Assassin ) Profile picture
6 Nov
They had no Laws guiding them
No constitution
No procurement act
No appropriation act
No senate and HOR to scrutinise their expenditure, no budget committee in the house
No civil servants in MDAs to pad
No BPE, No ministry of finance,
They didn't present their budget to house..
They didn't have to wait for approvals from lawmakers to spend
They didn't need to depend on civil servants to prepare the budget of each MDA
To purchase or rent an ambulance in the ministry of health, you will write 10 memos and a clerk can keep in the drawer for days
Vendor selection alone will take you 2 weeks then you will have to fight several interest groups in different ministries.

Public service isn't as simple as it looks. There are fundamental problems that you will have to dismantle.
Read 5 tweets
Dr. Guendouzi ( The Cerebral Assassin ) Profile picture
4 Nov
Any attempt to malign or ridicule the personality of Prof Yemi Osinbajo on this app will be met with full force. It is a gang up against the South West and the Yoruba nation and I am a proud Yoruba man who will not use his 'left finger to point to his father's house'.
And this is a fair warning to those agents of destabilisation in the south west.
What do you expect from the man? What constitutional powers as VP does he have that he hasn't fully used to address issues? What standards? Do you want him to usurp the powers of the president?
Did you hold Sambo to the same standards? Do you know your deputy governor? Who is the deputy governor of Rivers state? How many times have you seen him or her?
Why do you cry everyday about Osinbajo? Any attack on Osinbajo is an attack on the Yoruba race and we won't sit back.
Read 4 tweets
Dr. Guendouzi ( The Cerebral Assassin ) Profile picture
3 Nov
You are criticizing Nigeria's FX policy yet you want Nigeria to supply you FX or create an arbitrage for staple food items that can be grown here. You aren't asking for FX for inputs like machinery, tractor, seeds, fertilizer. You want the govt to give cheap FX to buy palm oil
while the local farmers are struggling you want to carry your briefcase to CBN in your fancy suit to pick cheap dollars so that you can dump your staple food here, without providing any value while killing local farmers. What have you invested in the process? container economy
What makes you think you deserve the FX? You think you are superior to the farmer in Edo or Kebbi because you have a briefcase and you speak English so you can import freely without backward integration? If you are a critic of the FX policy
Read 4 tweets

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