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Stats: 1334273 members, 1961636 topics. Date: Monday, 30 March 2015 at 05:27 AM
|Car Talk / Re: A Lady Drove This Killer Machine Today And Got Everyone Talking (Pic) by Wallie(m): 7:49pm On Mar 27|
This is not an Aventador. It looks like a 2012-2013 Lamborghini Gallardo that cost around $180K-$260k.
|Politics / Re: Prof Osinbajo Documentary (Video) - An Eye Opener by Wallie(m): 10:03pm On Mar 25|
I just watched about 2/3 of the video and the claims that they're making against SimmonsCooper Partners are silly!
To whom does SimmonsCooper Partners owe a duty, indigenes of Kano or Pfizer? Who’s paying for SimmonsCooper Partners’ services?
An attorney has to represent his client to the best of his ability; otherwise, you could face malpractice suit or be disbarred! Even when your client has done the most heinous thing and you know he’s guilty, you represent him in the best light possible, maybe with the hope of getting a reduced sentence but you NEVER make the case for the other side.
If the law is not set up this way, how would an innocent person that appears guilty ever be acquitted? If the Kano state government is that fearful of SimmonsCooper Partners then they should have hired the law firm to represent their interest!
In litigation, you hire the best lawyer you can; hopefully, one that will put the fear of God in the opposing party and force them to settle.
|Politics / Re: See The Controversial Front Page Of Sun Newspaper That Got Nigerians Talking by Wallie(m): 9:30pm On Mar 25|
LOL....the editor was just being mischievous! This supports the notion of people merely milking PDP of "free" money but will end up voting for APC. Anybody with half-a-brain would have seen the negative connotation depicted on the front page and editors are usually a smart bunch!
PDP don use their money buy negative publicity!
|Family / Re: Marrying A Guy That Is Short.. by Wallie(m): 4:56pm On Mar 25|
People are funny! All else being equal, for most people
physical attributes matter;
confidence matters, etc.
For example, assuming you have the power to choose and marry one of two people who are identical twins. They are identical down to their behavior except one weighs 100 kg and the other is 1000 kg, which would you choose? About the only reason you would choose the 1000kg twin is if you have a major fault of your own and you feel the 1000kg twin will be more accommodating.
|Business / Re: My Tech Start-up Journey by Wallie(m): 4:07pm On Mar 24|
What's your revenue model? I can see digitization and access being a low-hanging fruit feature if you can get partnerships in place.
|Business / Re: My Tech Start-up Journey by Wallie(m): 3:06pm On Mar 23|
I’ve done quite a few things in Nigeria but all I’ve ended up doing was dearly paying for the experience of knowing what not to do.
The question every entrepreneur should ask is, "do I fully understand my market and the customer segment I will be appealing to?" Once you understand your customer segment or have someone on your team that does, evaluate your plan to get the resources that you will need to be successful. If you do not have the knowledge AND resources needed, odds of being successful will be against you.
The Nigerian market is truly a gold mine and competent competitors are almost non-existent in some sectors but without the requisite knowledge and resources, one will just end up being another government-contract-seeking briefcase company but what do I know…
|Business / Re: My Tech Start-up Journey by Wallie(m): 2:36pm On Mar 23|
I'm currently in the same boat but my SAAS B2B startup is US based and I'm currently seeking Series A funding.
Dealing with institutional investors is nerve–wracking and time consuming especially when you're a solo founder like me. The amount of equity and terms they're seeking when you find a receptive investor almost makes you say "fu.k it', especially when you're looking at your burn rate! Couple the fund raising headache with customer development and acquisition, conversion of users to paying customers, attending trade expos, continued software development, resource issues, keeping an eye on VC funded competitors, uncertainties in some of your hypothesis, a full-time job, and family obligations...I will be writing a book once I exit. :-)
By the way, if any Nairalander attends Johns Hopkins, I will be participating in the 2015 Startup Fest at Carey Business School to recruit.
|Crime / Re: Aisha Mustapha's Body After She Was Found (Graphic Photo) by Wallie(m): 4:43pm On Mar 18|
WHY DO YOU HAVE TO GO TO A POLICE STATION TO OBTAIN CLEARANCE BEFORE BEING TREATED?
So many innocent people have lost their lives due to the silly and unconscionable requirement! Why can't the hospital put a call in to the police station after the patient has been stabilized?
It is amazing the way people die in this efing country! No wonder why the life expectancy is probably in the 40s!
|Family / Re: Is Money Everything? by Wallie(m): 12:21am On Mar 08|
I agree but think about this: what do you think keeps Dangote and Otedola up at night or do you think that they do not worry about anything? Otedola practically went broke a few years ago. Dangote lost how many billion dollars in the span of just one year? Do you know how many "rich" people are running around scared of the election results? It is true that they're not worried about the basic necessities of life but they certainly do worry about the things money can't buy.
But like was quoted in the first response "being rich is better than not being rich."
|Family / Re: Is Money Everything? by Wallie(m): 10:14pm On Mar 06|
It will sound like I'm splitting hairs but bear with me: tax avoidance is legal but tax evasion is illegal. Tax avoidance lowers your tax bill by structuring your transactions so that you reap the largest tax benefits and is considered extremely wise. This is why a company that made billions of dollars can end up paying $0 in taxes. On the other hand, tax evasion is an attempt to reduce your tax liability by deceit, or concealment. Tax evasion is a crime. HSBC was enabling a crime.
Also, it is easier to say that people in the higher tax bracket should be taxed more to pay for stuff until you find yourself in the same tax bracket. For example, there's the debate that occurred when Obama was proposing to charge people that made $250k-500k per year more because they're considered "rich".
Most people in the lower tax bracket said "sure" they're millionaires; tax them more but people that made a little over $250k are saying, "What the hell are you talking about? I'm just slightly more comfortable than you and I'm also struggling just to make it to the next tax bracket!." In reality, $250k/yr is not a lot of money by the time you pay your taxes, private schooling for the kids, house in a decent neighborhood, student loans, and two cars. There’s an acronym for people like that: High Earners, Not Rich Yet (HENRYs).
|Politics / Re: AIT Documentary On Tinubu: Lion Of Bourdillion (Videos) by Wallie(m): 3:41pm On Mar 04|
If Tinubu is as corrupt as alleged and the list of his alleged illegal transactions are well-known, what else is the sitting government waiting for to prosecute him?
I think this documentary, if true, really indicts the sitting government as not doing enough to combat corruption! What else do they want to prosecute him? They have the power of the incumbency, Tinubu being an arch enemy, EFCC, judiciary, police, etc. What else do they need?
If you can’t prosecute an arch enemy with well-known and publicized illegal transactions, how can you prosecute those who actively hide their illegal dealings and may have immunity?
|Business / How Would One Start A Small Business With $2 Working Capital? by Wallie(m): 3:07pm On Mar 03|
Put up $8 of your own money. Your company now has a post-money valuation of $10, and your investor friend owns 20% of your new venture, BrownieLuv.
Use $4 to buy 4 boxes of Duncan Hines Fudge Brownie mix (on sale at $1 each.) Use the remaining $6 to buy eggs and vegetable oil (or, even better, use your own), red Cling Wrap, and heart-shaped stickers. Use your own tap water, energy source, and oven.
Each box of brownie mix should yield 12 large brownies. Wrap each brownie neatly in the red Cling Wrap and seal with a heart-shaped sticker. Arrange the brownies on pretty ceramic dishes or platters, or perhaps small wicker baskets dug out of the attic. Commission an artistic friend to create a catchy sign out of poster board and sharpies (BrownieLuv is Here!) Cost: 1 brownie.
Seek out two trendy food trucks serving your area. Negotiate strategic partnerships wherein the owners receive 50% of all brownie revenue. The duration of the strategic partnerships: 30 days. If the owners balk at the duration, structure them so that they will terminate if/when the brownies fail to reach a predetermined benchmark (surely there will be 24 buyers per food truck over the course of a busy lunch hour.) Price point: $1.00 per brownie.
48 Brownies a Day (30 Days) @1.00 = $1440 [Gross]
Proceeds after Partner Share = $720 [Net]
120 Boxes (Batches) of Mix @1.00 = $120
Vegetable Oil (2 ounces per Batch @$.09/ounce) = $21.16
Stickers (1440 @ $.03/sticker) = $43.20
Eggs (120 @$.16/egg) = $20
Cling Wrap (3 boxes of 200 sq.f.) = $10.50
Total = $215.30
Your share of BrownieLuv is now worth roughly $403.76. Your investor friend's stake is now worth $100.94, a 5000% increase in the value of her initial investment.
|Politics / Re: GEJ's CYBERCRIME BILL Allows FG To Spy On Nigerians - Death Sentence For Hackers by Wallie(m): 10:18pm On Feb 24|
Death sentence for hacking "Critical National Information Infrastructure"? What EXACTLY is Critical National Information Infrastructure?
How come starving "Critical National Information Infrastructure" of allocated funds by way of embezzlement does not carry the death penalty? It seems the stiffest punishments are ALWAYS reserved for crimes committed by ordinary citizens!
|Politics / Re: President Jonathan Missed The Point On The Missing N30 Trillion - Soludo by Wallie(m): 7:15pm On Feb 24|
Shey na by force to comment? If you're going to comment the least you could do is read the damn article!
|Religion / Re: Jesus Was A Black Man by Wallie(m): 9:58pm On Feb 20|
I'm not commenting on the veracity of what you wrote but the allusion that "history classes" correctly convey historical facts. In your own lifetime, haven’t you seen history being distorted? What makes you think that those in power did not re-write the history in the textbooks used to teach us?
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|Religion / Re: Jesus Was A Black Man by Wallie(m): 8:15pm On Feb 20|
My guy, like I said, I believe in taking responsibility for one's actions but it is not that simple. I personally detest people making excuses for their failures and not taking responsibility for them. I believe one should keep trying in spite of those standing in one's way. Nobody said life was fair.
We have nobody to blame than ourselves; however, that does not mean that others are not enablers of our shortsightedness.
Here's how -
1. Oil gets stolen from Niger Delta by the shipload. Who buys them?
2. A popular politician becomes wise and wants to kick against colonialism. He ends up dead or his puppet opposition gets funded miraculously.
3. Why are all the French colonies in Africa, 14 countries, still using a currency dictated by France? CFA's value is pegged to the Euro, which is controlled by the European Central Bank.
4. African politicians steal money and invest where?
5. Nigerian politicians steal money and hide it in which banks?
6. Why is China re-colonizing Africa by buying and tying up all our natural resources? What happens when we need access to the resources or realize that the cheap money they gave us has been mismanaged?
7. Who is going to deal with the long term effect of the oil spill in the Niger Delta? Assuming the Nigerian govt does not know any better, can the same be said for the foreign companies that operate in Nigeria? Can they try the same thing in non-third world countries?
Like I said, ultimately, the responsibility is ours and caused by our greed and shortsightedness but there are others that are complicit. I just wish we can be strategic for once and see past our nose!
|Religion / Re: Jesus Was A Black Man by Wallie(m): 6:01pm On Feb 20|
I do not believe in making excuses but your question is somewhat naive. What do you mean by "prove himself"? Are you saying that if you compare a group of white babies to a group of black babies from well-adjusted parents, if tested as kids before environmental factors kicks in, one group will be better than the other? If you believe one group is better, then how is it possible for the other group to sometimes test higher than the first group? Nigerians are known to excel academically all over the world. Can you imagine if we have the same type of structure and encouragement as white people?
Our surroundings (parents, teachers, friends, schools, social class, and family connections) help mold who we grow up to be! You cannot simply compare the end result and use that as prove! On average, even Nigerians that spent the first 18 years of their life in Nigeria but now live in the US will be more “informed” and better “exposed” than their counterparts still in Nigeria. It is not that the Nigerians in the US are necessarily smarter; it is because they’re exposed to more in their daily lives especially if they schooled and work in the US.
How one is treated in the environment they grow up in matters a great deal!
White people appear superior not because they inherently have better intelligence but because the societal factors that hold some groups down and discourages them, mostly, do not work against them.
|Religion / Re: Jesus Was A Black Man by Wallie(m): 5:14pm On Feb 20|
I guess people never wondered why (1) white is considered pure, (2) white is beautiful, (3) white is considered superior, and (4) why a child of mixed race is considered a member of the lesser race (hypodescent)?
|Religion / Re: Jesus Was A Black Man by Wallie(m): 4:42pm On Feb 20|
I started the thread below awhile ago where I asked the same question.
|Politics / Re: 615 Terrorist killed In Both Air And Ground Attacks In Sambista Forest - Pic by Wallie(m): 3:19pm On Feb 20|
1. No sign of blood anywhere.
2. It appears they died in agony.
My guess is that died of some sort of chemical weapon. Their death is certainly good news but the govt should be careful not to take illegal actions that they would have to account for in the future; at the very least, stop with the pictures!
Years after the menace of Boko Haram subsides, people would have forgotten how they held the NE at ransom but some people will be looking to settle an old score by trying to get the govt to account for the killings.
The govt is between a rock and a hard place! Damned if you do, damned if you don’t!
|Family / Re: Is Money Everything? by Wallie(m): 3:22am On Feb 20|
This is by far my biggest issue today! I only desire things just slightly outside my reach but once acquired it is time to move on. I prefer the chase more than the catch.
|Family / Re: Is Money Everything? by Wallie(m): 10:41pm On Feb 19|
Time = money but is money everything? See how I related your question back to the topic? The topic is not meant to resonate with everybody. You might just be at the stage where the question does not apply to you.
|Family / Re: Is Money Everything? by Wallie(m): 10:29pm On Feb 19|
Probably because you never pondered the question. All na levels!
|Family / Is Money Everything? by Wallie(m): 9:59pm On Feb 19|
I found wealth to be a personality multiplier. For example, if you're cruel and unkind, then being wealthy will make you even more cruel and unkind (because you don't even have survival-related reasons to be nice to anyone anymore). If, instead, you are kind and generous, then being wealthy will make you more so (because wealth enables more opportunities for doing so, plus people respond more strongly to your positivity, thereby creating a feedback loop).
|Politics / Re: PDP Faction Wants GEJ Out, Confess 6 Month Interim Government -sahara Reporter by Wallie(m): 10:13pm On Feb 17|
1. Interesting quote.
2. I’ve had this believe that the US knows of something seriously wrong with the present administration for them to openly distance themselves. Something that they do not want to be a part of must have happened or is happening and Obasanjo, with his international exposure, finally dumping a party that he had promised to remain loyal to suggests that the problem might be more wide spread than GEJ’s government.
|Politics / Re: Would Buhari’s Candidacy Be Disqualified Based On His INEC Application? by Wallie(m): 5:32pm On Feb 13|
I found the relevant sections:
Section 131 says: “A person shall be qualified for election to the office of President if (a) he is a citizen of Nigeria by birth; (b) he has attained the age of forty (40) years; (c )he is a member of a political party; and (d) he has been educated up to at least School Certificate level or its equivalent.
“In Section 318, School Certificate or equivalent means (a) a Secondary School Certificate or its equivalent, or Grade II Teacher’s Certificate, the City and Guilds Certificate; or (b) education up to Secondary School Certificate level; or
The out for Buhari is the "equivalent" requirement to the need for having a "School Certificate." What is deemed "equivalent" to a "school certificate"? Has this question ever been answered by the courts?
Assuming he's deemed to have an equivalent certificate, the next issue will then be his sworn affidavit. Like I said earlier, it is not easy to prove that someone perjured himself. This is not an open-and-shut case as some would think. Time for the lawyers to earn their pay! :-)
|Politics / Re: Would Buhari’s Candidacy Be Disqualified Based On His INEC Application? by Wallie(m): 3:13pm On Feb 13|
Do either of you have a link to the regulations in question? I saw some links being quoted some weeks ago but can no longer find it.
|Politics / Re: Would Buhari’s Candidacy Be Disqualified Based On His INEC Application? by Wallie(m): 10:01pm On Feb 11|
My post was referring to his sworn affidavit about his certificate being with the military. Here'e the issue to be litigated as I see it:
Did Buhari commit perjury when he submitted his application to INEC as a presidential candidate?
|Politics / Re: Would Buhari’s Candidacy Be Disqualified Based On His INEC Application? by Wallie(m): 9:37pm On Feb 11|
You are right about not being able to use "ignorance" as an excuse but I never said he could claim ignorance. I said he could use "mistake" as a defense because "mistake" is an affirmative defense to the charge of perjury.
Mistake = blunder
Ignorance = lack of knowledge
If he made a mistake and misremembered pertinent facts then he could not have had the requisite intention to commit perjury. It will be interesting to see what his defense strategy is. PDP has to prove they he knew he was telling a lie.
Here's the quagmire: on one hand they’re claiming Buhari is senile and forgetful; and on the other hand, they will have to claim that he remembered what happened 50 years ago. So which is it?
|Politics / Would Buhari’s Candidacy Be Disqualified Based On His INEC Application? by Wallie(m): 9:06pm On Feb 10|
For the charge of perjury to stick, Buhari must have (1) sworn an oath to tell the truth; and (2) intentionally made a false statement. He did swear an oath but did he intentionally make a false statement? Lawyers are going to have a field day!
It is very difficult to prove perjury charges because perjury is a crime of intent, which means that a defendant charged with perjury can only be found guilty if the prosecutor shows beyond a reasonable doubt that the defendant intended to make the false statement under oath.
Making a mistake or remembering facts inaccurately is not an intentional misstatement.
For Buhari to successfully defend himself all he simply has to say he made an error or mis-remembered the facts because it happened so long (50 years?) ago .
I doubt he will be disqualified based on his INEC application.
|Politics / Re: Nigerian Army Captain Who Leaked Ekiti Poll Tape Speaks: How We Were Used To Rig by Wallie(m): 11:08pm On Feb 06|
|Politics / Re: Some Weapons Re-Captured From Boko Haram By The Army (Photo) by Wallie(m): 6:28pm On Feb 03|
Kudos for losing the weapons or for getting back what they bequeathed? And they are looking for more sophisticated weapons from the US? What will happen if such sophisticated weapon miraculously finds itself in the hands of Boko Haram?
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