patches689:


Eighteen out of the thirty-six states of the federation are technically bankrupt. This is because they have mortgaged their federation account allocations to contractors by signing irrevocable payment orders with various banks. As a result, payment to contractors and other debt instruments are deducted at source and have become first line charge on their lean resources. - See more at: http://www.vanguardngr.com/2015/06/18-states-bankrupt-cant-pay-workers-salaries/#sthash.nCRB8hqm.dpuf

Muhammadu Buhari, a former head of state and presidential aspirant of the All Progressives Congress (APC), says Nigeria’s state of insecurity and bankruptcy is down to years of indiscipline and corruption by successive federal governments.
Read more at: http://www.thecable.ng

Your own president admits that you are broke

Buhari was asked to explain bankruptcy with $30 billion cash reserve sitting on his table, he could not reply.

Politics is different from accounting profession. Bankruptcy by definition, is far from Nigeria. Buhari is not an accountant, he is a soldier.

States do not buy weapons for military. Federal government does it.

You posted an irrelevant argument

AugustineAgain:


[s]Nobody buys jet fighters without proper details ironed out for content, spare parts, maintenance support, armament sources, mix of origin of avionics, training agreements.....especially when most buyers want full technology transfer and domestic manufacturing rights.

JF-17 is a special open architecture aircraft built for both western and eastern bloc engines, avionics, weapons options to be selected by each buyer according to his desires. It's one of the best jet fighter options on earth, best deal ever.

Who has bought F-35 Lightening jet ?

That will take a long time unless buyers are bribed like SAAB money bribed Mandela's nation of corruption sick leaders and soldiers.

1. Myanmar wants domestic manufacture and is confirmed buyer

2. Saudi Arabia wants domestic manufacture and joint venture partnership

3. Nigeria wants 100% technology transfer

Show me who has rushed to sign deal for purchase of F-35 Lightening, even after paying millions of dollars for JV, most potential buyers are not rushing to sign contract anyhow, not everybody is a fool like South Africa, you rushed to sign contract for Gripen yet the seller denies you the honour of integrating your own DENEL guided bomb after paying billions of dollars to Sweden. How will your SAAF or ANC be able to complain after rushing to sign contract that failed to protect your interest all because Sweden bribed your thieves that you call leaders?

F-35 and JF-17 are at about the same level of export sales, many potential customers, each discussing and taking his time.

PHOTO 1 : Oil rich Saudi Arabia evaluating

PHOTO 2 : Oil rich United Arab Emirate evaluating

PHOTO 3 : Oil rich Qatar evaluating

PHOTO 4 : Oil rich Nigeria evaluating

Biggest buyers of JF-17 will be oil rich countries who already have F-16, F-15, new Rafale and Eurofighter Typhoon jet fighters.

#Retaarded Argument Demolished In 5 minutes[/s] !
.

no "rich" nation has bought the JF-17

You have no money for the JF-17

~140 F35's have been ordered and paid for - and the F35 is not even operational

Umbani was not intergrated on the Gripen because Denel did not think it was worth the cost of designing a bomb that can be operated from a supersonic jet

Come with fact, or dont come at all!

DictatorZAR:


I'm not on your level little boy go ask @morpheus how he got destroyed trying the same amateur stunt.

http://www.angelfalese.com/2012/09/nigerians-caught-selling-rat-meat-in.html?m=1

Now read how rats are eating babies in your country.
http://www.newyorkdailysun.com/cornering-the-nigerian-rat/

Those are from the scene directly. I spared you the horrors of posting the corpse of the victims in Jo Burg and Capetown. A 3yr old and another infant who were all eaten alive whole.

Also is the endless slum of khayelitsha, near Capetown where these monster , huge rats take on human babies.

AugustineAgain:


South African air force has crashed more jets, helicopters, and transports than Nigeria going by records.

You want to compare?

AugustineAgain:


[s]Buhari was asked to explain bankruptcy with $30 billion cash reserve sitting on his table, he could not reply.

Politics is different from accounting profession. Bankruptcy by definition, is far from Nigeria. Buhari is not an accountant, he is a soldier.

States do not buy weapons for military. Federal government does it.

You posted an irrelevant argument[/s]

Your president said you are broke

Your government needs to borrow money to pay wages

16 of 32 states are utterly bankrupt

Nigeria has no money to pay workers, let alone buy anything

jln115:

Over 2000 soldiers and over period of 6 years and only 9 incidents, Nigeria was 3rd on the list with 7 incidents over the same period, and you have less soldiers on peace keeping duty than us, thus precentige wise Nigerian soldiers are worse than SANDF ones.

your soldiers are not only jittery cowards who pied in their uniforms when surrounded by 500 Sudanese soldiers against 800, they have also exported the Savage, uncontrollable bestial lust in battle.

What do you mean you had more soldiers on ground, you leprous imp, did you infer that from the source?

The source says you're the highest sexusl offenders in Africa and you're here drawing up percentage ......typical Zulu mentality.

lezz:
Those are from the scene directly. I spared you the horrors of posting the corpse of the victims in Jo Burg and Capetown. A 3yr old and another infant who were all eaten alive whole.

Also is the endless slum of khayelitsha, near Capetown where these monster , huge rats take on human babies.

. JESUS is this a rat, *drops dead *
D big ones in naija are still infants beside these ones...

patches689:


no "rich" nation has bought the JF-17

You have no money for the JF-17

~140 F35's have been ordered and paid for - and the F35 is not even operational

Umbani was not intergrated on the Gripen because Denel did not think it was worth the cost of designing a bomb that can be operated from a supersonic jet

Come with fact, or dont come at all!

250 + 24 = 274 JF-17 ordered and 174 paid for by Pakistan and Myanmar

90% of F-35 orders are by the makers.....America, not export.

100% of F-35 flying in service are American.

No country in the world today has F-35 in service apart from America that built it.

JF-17 and F-35 are at about same level in export terms, both have orders, and evaluations, but zero export.

Facts are hard for you find because you hate them
.

lezz:
Those are from the scene directly. I spared you the horrors of posting the corpse of the victims in Jo Burg and Capetown. A 3yr old and another infant who were all eaten alive whole.

Also is the endless slum of khayelitsha, near Capetown where this monster , huge rats take on human babies.

The fraudulant b@itch @ss on his heels again.

Those rats are cane rats you've posted and are found in your swamp areas and cassava plantations

We all know if you google nigerian rats those exact same pics pop up. West africans are renowned for there rat eating, even in London your Igbo b@astards try and sell your national delicacy.

You call Khayelitsha the biggest slum yet it has been transformed into a formal township over the years and can now boast with malls hospitals brt busses and commuter railways something that 100% of nigerians in all there cities has never seen in there lives, and I'm not even talking about a light bulb.

Now go feast on some rat stew and go defecate on Abuja roads like the rest of you, from the worlds open sh@iiting hole capital.

[quote autit=jln115 post=35201779]
Firstly its called per capita! Not per capital and just because one dum Nigerian says its hogwash doesn't change the fact that we are better than you.
cspitandly dude! What don't you understand about the most diverse and sophisticated economy in Africa?

What it means is, unlike Nigeria, when the economy is struggling there are structures in place to lower the negative impact a struggling economy might have, our growth rate is also expected to reach 5% again in 2018.

The only person who should be worries is you, your country is bankrupt at the moment and if the oil prices don't raise ALOT you guys are fvcked! This is what happens to economies which rely on a limited number of income streams.[/quote] you mean SA is do diversified and you're way behind the rest of the continent in growth?

You mean you're so sophisticated with multiple sources of income and you have been stagnant for years? and still number 2 on the continent?

Zulu boy, it's either you're a grade A daft or a manifesting typical Zulu hypocrisy. Do you want sources of Pretoria worried and jittery how we have smoked you out of the top spot?

Per capita income your Zulu ass, let me you, is the US having the highest figure of per capita income in the world?

You are a buffoonery is Zulu class with your late education. When the largest economies are called, countries with per capita are left behind
What's making China a threat economically, it's her GDP and PPP which is so high as that of Nigeria trumps that of SA.


Oil has been down for over a year and we're still out growing you. Because the Nigerian economy is way more diversified than Zulus will care to admit.

And that's why our economic superiority over you was like a lightening bolt in the heart of south Africans , both her citizens and government as soon as the press announced the perennial king of Africa

AugustineAgain:


250 + 24 = 274 JF-17 ordered and 174 paid for by Pakistan and Myanmar

90% of F-35 orders are by the makers.....America, not export.

100% of F-35 flying in service are American.

No country in the world today has F-35 in service apart from America that built it.

JF-17 and F-35 are at about same level in export terms, both have orders, and evaluations, but zero export.

Facts are hard for you find because you hate them
.

Just over 100 JF-17 ACTUALLY paid for

~130 F35's ACTUALLY paid for

F35 = not operational
Jf-17 = operational

These are the facts, live with it

AugustineAgain:


2015 P & L periodic A/Cs have not been released by Ministry of Finance, so how did you find Nigeria's current accounts in CIA factbook or IMF....you excreted it out of your tiny annus ?

Fake accountant, post it here since you saw it on CIA fact book, copy paste it here....born M0R0N

I didn't say current re,tard , I said in the past months.

lezz:
your soldiers are not only jittery cowards who pied in their uniforms when surrounded by 500 Sudanese soldiers against 800, they have also exported the Savage, uncontrollable bestial lust in battle.

What do you mean you had more soldiers on ground, you leprous imp, did you infer that from the source?

The source says you're the highest sexusl offenders in Africa and you're here drawing up percentage ......typical Zulu mentality.

What don't you understand re,tard? We have more soldiers in the DRC and Sudan than Nigeria, thus the chances of being accused of sexual harassment is higher, Nigerian soldiers only had 2 less incidents reported than South African soldiers, yet you have much less soldiers in the DRC and Sudan.

AugustineAgain:


250 + 24 = 274 JF-17 ordered and 174 paid for by Pakistan and Myanmar

90% of F-35 orders are by the makers.....America, not export.

100% of F-35 flying in service are American.

No country in the world today has F-35 in service apart from America that built it.

JF-17 and F-35 are at about same level in export terms, both have orders, and evaluations, but zero export.

Facts are hard for you find because you hate them
.

Punk the F-35 is not even in service in America.

Nato countries are participating in the F-35 program and will take deliveries of the plane as soon as it becomes operational

http://https://www.f35.com/global

So where mr military researcher did you see or heard any F-35 are in service show us you fraud or will you shift the goal posts again my scamster

Read here
http://https://en.m.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning_II

You've been exposed again.

DictatorZAR:


The fraudulant b@itch @ss on his heels again.

Those rats are cane rats you've posted and are found in your swamp areas and cassava plantations

We all know if you google nigerian rats those exact same pics pop up. West africans are renowned for there rat eating, even in London your Igbo b@astards try and sell your national delicacy.

You call Khayelitsha the biggest slum yet it has been transformed into a formal township over the years and can now boast with malls hospitals brt busses and commuter railways something that 100% of nigerians in all there cities has never seen in there lives, and I'm not even talking about a light bulb.

Now go feast on some rat stew and go defecate on Abuja roads like the rest of you, from the worlds open sh@iiting hole capital.

'*your Igbo bastards*' 3 words 2 describe whoever d fuukk u are- DERANGED AUTISTIC BASTARD...

lezz:
you mean SA is do diversified and you're way behind the rest of the continent in growth?

You mean you're so sophisticated with multiple sources of income and you have been stagnant for years? and still number 2 on the continent?

Zulu boy, it's either you're a grade A daft or a manifesting typical Zulu hypocrisy. Do you want sources of Pretoria worried and jittery how we have smoked you out of the top spot?

Per capita income your Zulu ass, let me you, is the US having the highest figure of per capita income in the world?

You are a buffoonery is Zulu class with your late education. When the largest economies are called, countries with per capita are left behind
What's making China a threat economically, it's her GDP and PPP which is so high as that of Nigeria trumps that of SA.


Oil has been down for over a year and we're still out growing you. Because the Nigerian economy is way more diversified than Zulus will care to admit.

And that's why our economic superiority over you was like a lightening bolt in the heart of south Africans , both her citizens and government as soon as the press announced the perennial king of Africa

If you had any idea what GDP actually means, you would understand why Nigeria SHOULD have a larger economy. The fact that Nigeria took so long to over take South Africa was fvcking shocking, I personally thought with a population more than 3x that of South Africa you would've overtaken us by 2004-05.

If we had the same population as Nigeria we would have an economy 4x that of what Nigeria currently has.

And NO! Your economy is not diverse, if it was you wouldn't be in a sh1t hole right now with no money.

Oh and BTW the US is still in the top 10 with regards to GDP per capita.

And keep saying I'm Zulu: Mr Einstein once said insanity is doing the same thing over and over again and expecting different results.

jln115:


If you had any idea what GDP actually means, you would understand why Nigeria SHOULD have a larger economy. The fact that Nigeria took so long to over take South Africa was fvcking shocking, I personally thought with a population more than 3x that of South Africa you would've overtaken us by 2004-05.

If we had the same population as Nigeria we would have an economy 4x that of what Nigeria currently has.
And NO! Your economy is not diverse, if it was you wouldn't be in a sh1t hole right now with no money.

Oh and BTW the US is still in the top 10 with regards to GDP per capita.

And keep saying I'm Zulu: Mr Einstein once said insanity is doing the same thing over and over again and expecting different results.

Dude we did not take so long 2 overtake u we only showed d world in 2015 by rebasing d GDP after 16yrs... D last time we rebased it was 1999.. we always had a higher GDP which continued accumulating since 1999... If d previous govt did not rebase it u guyz will still be ahead...

ddami:
'*your Igbo bastards*' 3 words 2 describe whoever d fuukk u are- DERANGED AUTISTIC BASTARD...

B@@itch Please
Listen here Benin State pr@stitute go open your legs in that pr@sti african capital or shift right over to the romance section.

DictatorZAR:


Punk the F-35 is not even in service in America.

Nato countries are participating in the F-35 program and will take deliveries of the plane as soon as it becomes operational

http://https://www.f35.com/global

So where mr military researcher did you see or heard any F-35 are in service show us you fraud or will you shift the goal posts again my scamster

Read here
http://https://en.m.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning_II

You've been exposed again.

F-35 is scheduled to enter service with US marines in July, this is end of June.

http://www.flightglobal.com/news/articles/us-marines-stick-to-f-35b-dates-despite-new-problems-410518/

Already used for training in USA, so if you attack them, they can turn F-35 on you.

Yes, in service I can say, the schedule is July, and July is 3 days from now.

See, the focus of this forum is your SAAF Gripens that are grounded without qualified pilots, leave America alone

RSA cannot find even just 3 Zulus qualified to fly a Gripen jet, they are born to throw spears around.....tiny brain bantu bushmen
.

ddami:
Dude we did not take so long 2 overtake u we only showed d world in 2015 by rebasing d GDP after 16... D last time we rebased it was 1999.. we always had a higher GDP which continued accumulating since 1999... If d previous govt did not rebase it u guyz will still be ahead...

I wouldve loved to explain how an economy works to you, but I can't dum it down to your level.

jln115:

I wouldve loved to explain how an economy works to you, but I can't dum it down to your level.

you fake accountant that does not know how to define bankruptcy in practical terms

DictatorZAR:

B@@itch Please
Listen here Benin State pr@stitute go open your legs in that pr@sti african capital or shift right over to the romance section.

Ahahaha
IT DOESN'T MATTER WHO YOU ARE,
IT DOESN'T MATTER WHAT YOU SAY,
JUST BRING IT...

Finally I find a prey,, I have been searching since yesterday and u are d unfortunate one... u love insults,, I am here 2 happily offer u an overdose
*repeat dis word* O-V-E-R-D-O-S-E....

u E-PSYCOTHIC MIDGET
I pledge 2 make u go kolomental with my dynamic insults, so help me Nairaland..

jln115:

I didn't say current re,tard , I said in the past months.

Okay, you admit Nigeria is not broke today? Confused man !

Accounts are current in a current year reporting period. January-December is the reporting period, accounts for January are current in a current reporting year of 2015.....or your own P & L a/c is not periodic, it's done per day in South African university text books ?

Beware dude, I have BSc/MBA.....I am an accountant and ex- KPMG staff. Better don't let me white-wash you as you are already a white boy
.

AugustineAgain:


you fake accountant that does not know how to define bankruptcy in practical terms

Bankrupt=insolvent=can't pay expenses=can't pay debt=Nigeria.

patches689:


Just over 100 JF-17 ACTUALLY paid for

~130 F35's ACTUALLY paid for

F35 = not operational
Jf-17 = operational

These are the facts, live with it

PAF has SIPRI order for 150 JF-17 paid for.

Myanmer ordered 24 JF-17 and will produce them in domestic factories in Myanmar.....kind deal SAAF never got with Gripen.

F-35 is operational next month....3 days from now with US Marines

http://www.flightglobal.com/news/articles/us-marines-stick-to-f-35b-dates-despite-new-problems-410518/

Thank me for the free education
.

jln115:

I wouldve loved to explain how an economy works to you, but I can't dum it down to your level.

. is it true DAT u are an accountant. dude don't be a disgrace. Re-read that my post b4 u comment or better still check ur fact book *Google * and learn about our Re-based GDP...
den come back and give me d appropriate response...

jln115:

Bankrupt=insolvent=can't pay expenses=can't pay debt=Nigeria.

Bankruptcy means you don't have money to pay your debts that are due.

"condition of being bankrupt : a condition of financial failure caused by not having the money that you need to pay your debts."

http://www.merriam-webster.com/dictionary/bankruptcy

The first accountant I ever met in my life that cannot define bankruptcy is a South African

Keeping money in the bank and paying salaries late like Nigeria is doing for now, just because you refuse to use cash from your savings account is NOT bankruptcy.

A court order can force you to pay debts if you have cash, you are not bankrupt.

No court order forces a bankrupt entity to pay debt because he has no cash, rather he files for bankruptcy protection from creditors and the court will protect the bankrupt entity.

How do you like my accounting lectures? Free education is a benefit South Africa will always enjoy from Nigeria, we own you, we feed your malnourished brains daily
.

AugustineAgain:


Okay, you admit Nigeria is not broke today? Confused man !

Accounts are current in a current year reporting period. January-December is the reporting period, accounts for January are current in a current reporting year of 2015.....or your own P & L a/c is not periodic, it's done per day in South African university text books ?

Beware dude, I have BSc/MBA.....I am an accountant and ex- KPMG staff. Better don't let me white-wash you as you are already a white boy
.

Hahahahahahahahahaha you just made my day bro! Do you seriously think I would believe someone as re.traded as you MBA!!

And secondly you said the reports arent out yet, so how can you say Nigeria is not making a loss when it has over the past months?

AugustineAgain:


Okay, you admit Nigeria is not broke today? Confused man !

Accounts are current in a current year reporting period. January-December is the reporting period, accounts for January are current in a current reporting year of 2015.....or your own P & L a/c is not periodic, it's done per day in South African university text books ?

Beware dude, I have BSc/MBA.....I am an accountant and ex- KPMG staff. Better don't let me white-wash you as you are already a white boy
.

eheh am also a potential accountant just writing my project....
pls don't answer dah boy he's currently confused...

jln115:

Hahahahahahahahahaha you just made my day bro! Do you seriously think I would believe someone as re.traded as you MBA!!

And secondly you said the reports arent out yet, so how can you say Nigeria is not making a loss when it has over the past months?

Oil TC = $30 per barrel
Oil TR = $60 Per barrel

TC-TR=π

It's simple CA formula, a South African university will not teach you that since your schools are ranked by the fresh paint on their walls
.

ddami:
eheh am also a potential accountant just writing my project....
pls don't answer dah boy he's currently confused...

Nice to know. Be focused, education is good. BTWN, I for text u baby girl but lezz go commot my front teeth with hammer

ddami:
Ahahaha
IT DOESN'T MATTER WHO YOU ARE,
IT DOESN'T MATTER WHAT YOU SAY,
JUST BRING IT...

Finally I find a prey,, I have been searching since yesterday and u are d unfortunate one... u love insults,, I am here 2 happily offer u an overdose
*repeat dis word* O-V-E-R-D-O-S-E....

u E-PSYCOTHIC MIDGET
I pledge 2 make u go kolomental with my dynamic insults, so help me Nairaland..

.


So I'm prey for the love peddler now.

Unfortunately my dear I wasn't insulting you when I called you a b@itch.

To much palm wine on a saturday for you.

I only insult those who insult first, but hey I don't get frightened easily so give a head, Ooooops my bad I meant go ahead.

On the E-Psychotic Midget whatever, Mmmmmm I think you will find me quit well Psycho Socially endowed if I may BLOW MY OWN HORN


You may bend it a little too my dear I'm all eyes rolling