One acre of land ( fenced round) with the following:
Gate house
2 bedroom bungalow built to lintel level
Well
Borehole
Asking price is N12m.
Call 09036345775 or send a whatsapp message

One acre of land fenced round with;
Two bedroom bungalow built to lintel level
Gate house
Borehole
Well
Avaikabls for sale
Aaking price is 12m
Call 09036345775

Festac

Send an email to faddataconsult@gmail.com

emmanuelbrown26:

Pls what are the requirements for Data Entry

You need a good working knowledge of Microsoft Excel

Update.
The email address to reach is on is faddataconsult@gmail.com

tkb417:


that thread na my resource.
some xcel templates, trading strategies, technical analysis, fundamental analysis and stuffs
Jarus dont mess with that place
people like Roughcut, Shigidi, bibiking1, Samstone4, Frankiriri, easimoni, savvylanre, londoncool, windywendy, naijadr, egoldman,dollyp1cute, wanaj0,temmi10,mypeace, pumping777, rasputinn, invisible, fatherof2, pennywise, aktopgun, netotse and others
legends

Im truely humbled.
Just visited the quoted thread today. It is a shadow of itself

frankiriri:
Are you a chartered accountant doing your own thing. Do you have sufficient time during the week to attend do some quick consulting on a commission basis.
Also required are part time marketers
Data entry officers
m

I require some new intake

netotse:
@tkb
if them pumping777, frankiriri, wanajo, aktopgun etc come back to NL i swear i'll give a testimony. . .

@thread
oga isn't around, so everyone is doing their mind , the driver strolled in at 10.30 this morning. . .the kind boredom wey dey do me no get part 2. If this continues, i go begin dey pray make them vandalize something o. . .make boys see work do .

this is a heads up, utorogu gas plant is going to be shut down for upgrading tomorrow, if you dont have fuel for your generators, better go and buy, especially with the NLC warning strike and possible NUPENG strikes coming up. . .

I'm here

yours truly.

the others we cannot find.

I'm back

Just seeing this now. I have really been incommunicado

Been ages I posted here.
With the benefit of hindsight can we analyse how successful our investment strategy has been

I have a cherokee jeep 2005 model that i want to sell off

Yes.

I know these guys. They are for real and they have come a long way. Oga 'I' more grease to your elbows

Are you a chartered accountant doing your own thing. Do you have sufficient time during the week to attend do some quick consulting on a commission basis.
Also required are part time marketers
Data entry officers u
Send CVs to faddataconsult@gmail .com
You can copy frankiriri@yahoo.com

It is good to see that you guys waxing stronger.
Oga I****a O***e I hail oh

Your analysis is faulty. You cant project somebody's wealth from the turnover of the company that they own. Even if he owns 100% of Glo, His net worth will not be more than the total shareholders funds of Glo. I suggest you grab a copy of their financial statements

the sly, how you dey? great job you are doing for us all. kindly check this VIN number for me. 1NXBR32E37Z834657. PLEAE SEND IT TO mobolaji.komolafe@zenithbank.com.

you are highly appreciated
nice day

Do you have financing arrangement with any bank

Klan,
I am waiting for your response on the auto thread

walcolm:

but she said they can incorporate another company which can then be listed. so if they incorporate a parent company wit the stockbroking firm as a subsidiary of the parent company, the parent company can do a private placement for the purpose of listing on the stock exchange. the parent company then shores up the paid up capital of the stockbroking firm to meet re-capitalization target from the proceeds of the PP

Yeah. That is the case with BGL. The parent coy is BGL Limited. while BGL stockbrokers cant be listed BGL limited will

klan:

@ Poster are you interested in a Golf 3. Let me know

Please how do I reach you

Dis Guy:

It was gathered that many of the stockbrokers are even more worried by the decision of the NSE to stop stockbroking firms from raising funds through private placements for purpose of the recapitalisation.
Few of the stockbroking firms have issued their shares through private placement in order to source for funds. But Okereke-Onyiuke said that the Exchange would not allow any stockbroking firm to be listed.
Thisday

look before you buy

I dont think that the Thisday story is correct. They misrepresented the NSE Boss.
What she said was that srockbroking firms would not be allowed to list on the Exchange, so if they do private placements they would still remain private firms. also they would not be able to do public offer.

klan:

Auto drive, factory fitted ac, 208,000 km, sound engine

How do I get in touch with you.
You can reach me on 08023193640 or 08038421775

Method-Man:

my guy u go look tire!
unless u want molue!!

Bad belle

klan:

@ Poster are you interested in a Golf 3. Let me know

Possibly. What is the condition

I need an automatic transmision car.
I would prefer a Japanese Car but any other low budget car would do.
My Budget is 300-400k

There is nothing wrong with it .
I personally like it on a woman

recruiter1:

hey all, if you want to talk about Warren Buffet the man, no problem. However, if u want to talk about his investment technique then you've gotta take your time. Some poster before said there r laws that govern things and my man Warren has summed up the laws that consistently work in any, i repeat, ANY equity market. Whether it's in Nigeria, Japan, USA, UK. His techniques work. But to fully understand his techniques you've gotta go back to his metor, a man called Benjamin Graham, who started the institution that evolved into today's CFA.

Anyways, if you want to learn a simple yet highly effective method of investing the Warren/Graham way, then you MUST read BUFFETLOGY. If you just want to learn about the man's idiosncracies then the other biographies are okay. BUT if it's about how he invests then you have to read BUFFETOLOGY by Mary Clark, ADVANCED BUFFETOLOGY by the same author and lastly THE SMART INVESTOR by Benjamin Graham.

However, i warn you that these books require (especially the last one) require patience and commitment to long term value investing. Anyone read all these books yet?
Before anyone asks, you should be able to get Smart Investor and Advanced buffetology at Nu Metro or that Christian bookshop near Eko Hotel (V/I), i can't remember the name right now . I saw Advanced buffetology there.

I have Buffetology and I also have Benjamin Graham's intelligent investor ( thought I have not ye gotten round to reading it. ). Me, I am more interested in the man's investment technique, which have catapulted him to the no 1 position in the richest people 's list.
The bookshop you are refering to at V/I is Laterna Ventures. It is on Oko Awo street

It appears SEC has woken up to its responsibilities.
More grease to their elbow.

FINAL DECISION on CADBURY

The Securities and Exchange Commission (SEC) has released its final decisions on the financial mis-statements in the published annual Accounts and Reports of Cadbury Nigeria Plc between 2002-2005.

It would be recalled that the Commission In June 2006 received a copy of Cadbury’s Annual Reports and Accounts for 2005. Upon review of the report, the Commission wrote to Cadbury via a letter dated September 22,2006 to express concern on issues arising from the report in the areas of declining profitability, worsening leverage ratio, deteriorating cash flow, inadequate disclosure, non-compliance with Corporate Governance Code, and obtaining loans for the payment of dividends to shareholders contrary to SEC regulations.

Thereafter the Chairman of Cadbury Nigeria Plc,Rt. Hon. Uduimo Itsueli through a letter to the Commission dated November 16, 2006 reported the engagement of an independent firm, PriceWaterhouseCoopers (PWC), to investigate the allegation of overstatement in the company’s Financial Statements for the period 2003 to 30th September, 2006.

Subsequently, the Commission constituted an in-house Committee which carried out a thorough investigation on the matter and confirmed the report of misstatements in the account of Cadbury to the tune of approximately N13 billion.

Consequently, the directors, some management staff of the company,its external auditor, Akintola Williams Delloite (AWD) and the Registrars, Union Registrars Limited were invited before the Administrative Proceedings Committee (APC) of the Commission to explain why sanctions should not be imposed on them for violating the provisions of the Investments and Securities Act 1999, the SEC Rules and Regulations 2000 (as amended), Code of Conduct for Capital Market Operators and their Employees and the Code of Corporate Governance in Nigeria.

The APC sat on May 21, 2007, February 13 and 14, 2008 to hear the matter. At its sitting on March 27 and 28, 2008, the Committee made the following findings and decisions among others:

FINDINGS:
CADBURY NIGERIA PLC AND ITS DIRECTORS
1. That the Bunmi Oni, the company’s former managing director in concert with the company’s Board since year 2002 used stock buy backs, cost deferrals, trade loading and false suppliers stock certificates to manipulate its financial reports that were issued to the public and filed with the Commission.
2. That both Bunmi Oni and Ayo Akadiri,a former executive director stated that the use of the sale and stock buy-back as well as the issuance of false stock certificates schemes were motivated by what they called “profit management desire/action” and that off-shore payments were made to Executive Directors to cushion the devaluation of their pay by soaring inflation.
3. That an undocumented and undisclosed offshore account was maintained and operated by the company from which Bunmi Oni, Ayo Akadiri and other executive directors were paid offshore remunerations without the approval of the Committee responsible for fixing remunerations of Executive Directors and not recorded in the company’s financial report and account.
4. That the company as Issuer and Uduimo Itsueli, Bunmi Oni and other members of the board, some management staff and audit committee members, in 2005 authorized the issuance of a Rights Circular dated August 24, 2005 which contained untrue statements.
5. That Bunmi Oni, Ayo Akadiri, Olusegun Aina, Senior financial Accountant/Head of Accounts; Akinbode Gbolahan, Sales operations and development controller and Tunde Egbeyemi, head of internal audit were the master minds of the financial malpractices perpetrated through the falsification of sales figures, over statement of profits/assets and false suppliers certificates to manipulate its financial records/report.
6. That the company failed/refused and/or neglected to deliver funds en-bloc to Union Registrars for the payment of dividends declared to shareholders within 7 working days after the Annual General Meeting.
7. That Uduimo Itsueli, the company’s chairman stated in the 2001 annual report and account that the company had taken over the payment of dividend and this continued up to 2006 despite the Commission’s letter directing it to allow the Union Registrars Ltd to perform its statutory function.
8. That messrs Olusegun Aina, Akinbode Gbolahan and Tunde Egbeyemi being heads of accounts, sales operation and internal audit respectively generated incorrect data and were also involved in the preparation of the false report and statement filed by the company with the Commission.
9. that messrs Thomas A. Ayorinde, Z.C. Enunwa and S.J. Balogun as members of the Audit Committee of the company failed and neglected to discharge their statutory responsibilities as specified under section 359(4) and (6) of the Companies and Allied Matters Act (CAMA) by:
a, Failing or neglecting to examine the auditor’s report and making proper recommendations thereon to the Annual General Meeting;
b, Failing or neglecting to review and make proper findings on management matters in conjunction with the External Auditors and departmental responses thereon;
c, Failing or neglecting to keep under review the effectiveness of the company’s accounting and internal control system and ensuring that appropriate investigations are carried out by the internal auditors into some aspects of the company’s activities which ought to be of interest or concern to the Committee.
10. That the Tunde Egbeyemi, Cadbury’s Head of Internal Audit, Thomas A. Ayorinde, Z.C. Enunwa, S.J. Balogun (Audit Committee Members) and Akintola Williams Deloitte did not follow up available leads which ought to put them on enquiry in respect of the company’s accounts.
11. That Uduimo Itsueli, other board members and the three management staff of the company- Olusegun Aina, Akinbode Gbolahan and Tunde Egbeyemi used stock buy backs, cost deferrals, trade loading and false suppliers stock certificates to manipulate its financial reports which conduct is fraudulent and needs to be further investigated by the Economic and Financial Crimes Commission (EFCC).

EXTERNAL AUDITORS- AKINTOLA WILLIAMS DELIOTTE (AWD)
1. That Akintola Williams Deloitte (AWD) is a registered market consultant, in the capacity of External Auditor/Reporting Accountant and subject to the SEC Rules and Regulations and the Code of Conduct for Capital Market Operators and their Employees made pursuant to the Rules.
2. That AWD, one of the leading and most experienced accounting firms in the country were external auditors to the company for over 40 years.
3. That AWD has about 40 partners and audits the accounts and serves as reporting accountants to many big companies in the capital market.
4. The APC of the Commission found that N13.255 billion was the accumulated overstatement for the years 2002 to September 30, 2006 and that AWD audited the published accounts for those years as well as carried out an interim audit for the period ended September 30, 2006.
5. That a balance of N7.7 billion was credited to the company’s account in 2005 without confirmation of the bank balances from any of the banks. AWD did not make any note in the 2005 audited account that it did not receive confirmations from any of the banks for the balances recorded against such banks. The materiality of the amount is significant enough to have put AWD on enquiry.
6. That AWD sent Management letters on the company’s 2001 to 2005 accounts, yet they failed or refused to note the lapses in the accounts when no satisfactory response was given by the company’s management.
7. That in carrying out its job as Reporting Accountants in the Rights Issue of 5 billion irredeemable loan stock, AWD reviewed the accounts and forecasts of the company’s following which it filed with the Commission a memorandum of profit forecast that was unrealistic.
8. That though Auditors normally rely on documents presented to them by clients to do their work however they are required to probe further when put on inquiry as shown by the stock certificate of N700 million allegedly issued by JOF Limited but disclaimed in writing by the alleged issuer, which was large enough to make AWD seek further confirmation but it did not.
9. That professional skepticism generally requires that an auditor should not believe documents presented by a client till it sees evidence that they are genuine. In the company’s case, AWD did not probe further or doubt documents presented by the company in spite of the internal control lapses detected and revealed in its management letters.
10. That AWD and in particular the partners that handled the company’s account did not carry out their assignment with high level of professionalism and diligence expected of a reputable accounting firm of its caliber

UNION REGISTRARS LTD
1. That Union Registrars Ltd is a registered market operator in the capacity of Registrars and is subject to the SEC Rules and Regulations and the Code of Conduct for Capital Market Operators and their Employees made pursuant to the Rules.
2. That Union Registrars took over as Registrars to the company from United Securities Limited on June 1, 2002.
3. That the payment of dividends to shareholders is one of the statutory responsibilities of the Registrars.
4. That Union Registrars neither paid nor dispatched dividend warrants to shareholders of the company.
5. That Union Registrars and all capital market operators have a duty to report to the SEC any actual or suspected breach or infringement or non-compliance with any of SEC rules and regulations.
6. That Union Registrars failed to pay dividend on behalf of the company till 2006 and 2007 which was not reported to the SEC the non-compliance by the company of SEC’s earlier directives on the issue.
7. That Union Registrars was printing dividend warrants for the company while the latter was dispatching and paying same.
8. That Union Registrars did not pay dividends and failed to notify SEC in writing as stipulated by the Code of Conduct for Capital Market Operators and their Employees.
9. That Union Registrars engaged in acts that adversely affected the investors’ confidence in the capital market.

DECISIONS.
1. Cadbury Nigeria Plc to:

a. Pay a fine of one hundred thousand Naira (N100,000.00) in the first instance and a penalty of five thousand Naira (N5,000.00) per day from June 30, 2002 to December 14, 2006 within 21 days from the date of the decision (March 28, 2008) for filing with the Commission, financial statements that contained untrue/misleading statements; failing which trading on its shares will be suspended.
b. Pay a fine of one hundred thousand Naira (N100,000.00) in the first instance and a penalty of five thousand Naira (N5,000.00) per day from August 24, 2005 to the date of the decision (March 28, 2008) within 21 days, for filing a Rights Circular for the N5 billion irredeemable convertible loan stock which contained false/misleading statements, failing which trading on its shares will be suspended.
c. Pay a penalty of five thousand Naira (N5,000.00) per day from June 30, 2002 to December 14, 2006 within 21 days from the date of the decision for failing to provide funds en-bloc for the payment of dividends to its shareholders despite the Commission’s earlier directive.

2. Messrs Bunmi Oni and Ayo Akadiri are: Banned from operating in the Nigerian capital market, being employed in the financial services sector and holding directorship positions in any public company in Nigeria.

3. The Messrs J.S.T. Bogunjoko, Abiodun Jaji, Andrew Baker and Christopher Okeke are: Suspended from operating in the Nigerian capital market, being employed in the financial services sector and holding directorship positions in any public company in Nigeria for a period of 5 years from the date of the decision.

4. Olusegun Aina, Akinbode Gbolahan and Tunde Egbeyemi were: Suspended from operating in the Nigerian capital market, being employed in the financial services sector and holding directorship positions in any public company in Nigeria for a period of 3 years from the date of the decision.
5. Rt. Hon. Uduimo Itsueli, Messrs Olatunde Falase, Raymond Ihyembe, Gabriel Onabote, Olusegun Oyewole, Matthew Shattock, Thomas Ayorinde, Z.C. Enuwa and S.J. Balogun are:
Suspended from operating in the Nigerian capital market, being employed in the financial services sector and holding directorship positions in any public company in Nigeria for a period of one year from the date of the decision.
6. Messrs Cadbury Nigeria Plc, Rt. Hon. Uduimo Itsueli, Bunmi Oni, Ayo Akadiri, J.S.T Bogunjoko, Abiodun Jaji, Andrew Baker, Christopher Okeke, Olatunde Falase, Raymond Ihyembe, Gabriel Onabote, Olusegun Oyewole, Matthew Shattock, Olusegun Aina, Akinbode Gbolahan and Tunde Egbeyemi have been referred to the Economic and Financial Crimes Commission (EFCC) for further investigation and prosecution.

7. Akintola Williams, Deloitte is:
a. Ordered to pay a fine of twenty (20) million Naira within 21 days of the decision for its failure to handle the accounts of the company with high level of professional diligence failing which its registration with the Commission shall be cancelled.
b. Strongly reprimanded and warned to desist from engaging in acts that may affect the investing public’s confidence in the capital market.
c. Strongly advised to be more diligent in carrying out its assignments in capital market related issues.
d. Further directed to sign an undertaking to be diligent and of good behaviour in its future dealings in the capital market.

8. Union Registrars Limited is:
a. Ordered to pay a penalty of five thousand Naira (N5,000.00) per day from June 1, 2002 to June 31, 2006 within 21 days of the decision, failing which its registration with the Commission will be cancelled.
b. Strongly reprimanded and warned to desist from engaging in acts that may affect the investing public’s confidence in the capital market.
c. Strongly advised to be more diligent in carrying out its assignments in capital market related issues.
d. Directed to sign an undertaking to be diligent and of good behaviour in its future dealings in the capital market
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