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Car Talk / Re: A Lady Drove This Killer Machine Today And Got Everyone Talking (Pic) by Wallie(m): 7:49pm On Mar 27
emusmith:
A babe was spotted driving this white colored killer machine on Awolowo Rd, Ikoyi this noon. For some who don’t know, Lamborghini's are the world’s most expensive cars. This brand called Lamborghini Aventador goes for as much as $397,500. Convert that to naira. Wow!


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! grin

2 Likes

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

height matters;
weight matters;
health matters;
appearance matters;
physical attributes matter;
posture matters;
intelligence matters;
education matters;
wealth matters;
cleanliness matters;
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
@1k001

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
ogbiwa:
... i believe strongly in the Nigerian market, though others might see it as unpredictable and highly volatile, but you would agree with me that the guys with good eyesight, you sir included, know that this is an enterpreneural goldmine, dripping, untapped goldmine...

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…

4 Likes

Business / Re: My Tech Start-up Journey by Wallie(m): 2:36pm On Mar 23
1k001:
I've recently founded a tech start-up and it's been quite a whirlwind.

I've had to try figure out so many things on my own so thought it would be useful to relate some of the things i experience to help me reflect and perhaps help others who may be looking at something similar.

Feel free to jump in and comment or ask questions

Nice!

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. smiley

1 Like

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!

1 Like

Family / Re: Is Money Everything? by Wallie(m): 12:21am On Mar 08
Chimarto:


If you're in my soup a situation whereby you can't afford #70,000 school fees, you will know that being rich is a huge glory.

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
damiso:
..
That said it takes a very very high level of scruples not to compromise a bit on certain moral issues eg tax avoidance.Me and hubby had this argument when the HSBC issue was in the news.He said in a way all those millionaires were actually not breaking any laws as some tax havens and tax avoidance schemes are perfectly legal.I said sometimes it's not about what is legal but what is morally right.(and he calls himself a progressive wink)

He said it's easy to say that now you are on PAYE but let's see how easy it would be for you when the taxman wants to take 50% of your wealth.I honestly think I would pay my fair share but then do I know if I really would

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?

2 Likes

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.

Revenues:
48 Brownies a Day (30 Days) @1.00 = $1440 [Gross]
Proceeds after Partner Share = $720 [Net]

Expenses:
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

EBITDA: $504.70

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.

http://www.quora.com/How-would-one-start-a-small-business-with-2-working-capital
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"? shocked 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
tevinsolt:
the same delusion op is suffering from, is what many black Americans are suffering from. can imagine, they believe they are the true Hebrews taking from Israel to captivity, those idiots skipped History classes. west African descent thinking they're linked to a culture hundreds of miles away on another continent it is laughable and equally sad.

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?

3 Likes 1 Share

Religion / Re: Jesus Was A Black Man by Wallie(m): 8:15pm On Feb 20
kobonaire:

… Why do we have the most corrupt government system, public/private system and why are we accepting of it as a people? The only think holding a black man back is the black man himself.

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
kobonaire:
Why can't the "black man" prove himself in the modern day time rather than trying this convoluted approach of staking a claim that "Jesus is a black man". The concept of Jesus is in itself mythical because it is faith based (religion). If the "black man" really wants the "respect and admiration" of the world then she should strive to improve him/her self in this era that we live in.

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.

3 Likes

Religion / Re: Jesus Was A Black Man by Wallie(m): 5:14pm On Feb 20
zizirecords:
... The main reason blacks worship white people and believe they are superior is because we all believe Jesus is white. Change him to black and we will see ourselves as equal if not stronger than white people.

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)?

http://en.wikipedia.org/wiki/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.

http://www.nairaland.com/1558170/what-color-santa-claus-how


Wallie:
Monday evening musings…

We've been made to believe that Santa Claus and Jesus are white (and Northern European) but are we being mislead?

Santa Claus is a fictional character based on Saint Nicholas who was the Greek Bishop of Myra (part of modern-day Turkey). Jesus is said to be Jew of first-century Palestine.

Would we be wrong in accepting a more dark-skinned (or is it brown-skinned) version of Jesus and Santa Claus or should we just accept them the way they're presented to us?

If you think that we should accept them the way they're presented to us, do you think such acceptance contributes (unconsciously) to our thinking that "white" is more beautiful than "black" or that "white" is good and "black" is bad?

There must be a reason that most blacks, especially in Africa, think being light-skinned is more beautiful or that “black” represents the devil. If you say “black” represents bad and/or the devil, and you’re black, what does that make you?
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
Empero1:
@OP

I concur 100% . Especially the issues of " all of the things you picture buying, they are only worthwhile to you because you cannot afford them (or have to work really hard to acquire them ".

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
izuch:

Why waste my precious time?


Time = money but is money everything? See how I related your question back to the topic? grin The topic is not meant to resonate with everybody. You might just be at the stage where the question does not apply to you.

2 Likes

Family / Re: Is Money Everything? by Wallie(m): 10:29pm On Feb 19
izuch:
Too long nd boring, all I could see was "$15m" and "$10m"

Probably because you never pondered the question. All na levels! grin
Family / Is Money Everything? by Wallie(m): 9:59pm On Feb 19
Response 1

I made $15m in my mid-20s after I sold a tech startup. I talked to a lot of people about this question, and thought a lot about how to stay the same person I was before and after making money.

Here's my answer: being rich is better than not being rich, but it's not nearly as good as you imagine it is.

The answer why is a bit more complicated.

First, one of the only real things being rich gives you is that you don't have to worry about money as much anymore. There will still be some expenses that you cannot afford (and you will wish you could), but most expenses can be made without thinking about what it costs. This is definitely better, without a doubt.

Being rich does come with some downsides, though. The first thing you are thinking reading that, is, "cry me a river". That is one of the downsides. You are not allowed to complain about anything, ever. Since most people imagine being rich as nirvana, you are no longer allowed to have any human needs or frustrations in the public eye. Yet, you are still a human being, but most people don't treat you like one.

There's the second downside. Most people now want something out of you, and it can be harder to figure out whether someone is being nice to you because they like you, or they are being nice to you because of your money. If you aren't married yet, good luck trying to figure out (and/or always having self doubt) about whether a partner is into you or your money.

Then you have friends & family. Hopefully your relationship with them doesn't sour, but it can get harder. Both can get really weird about it and start to treat you differently. They might come and ask for a loan (bad idea: if you give, always give a gift). One common problem is that they don't appreciate Christmas presents the way that they used to, and they can get unrealistic expectations for how large a present should be and be disappointed when you don't meet their unrealistic expectations. You have to start making decisions for your parents on what does and does not cost too much, and frankly, it's awkward.

Add all of these up and you can start to feel a certain sense of isolation.

You sometimes lay awake at night, wondering if you made the right investment decisions, whether it might all go away. You know that feeling standing on a tall building, the feeling you might lose your mind and jump? Sometimes you're worried that you might lose your mind and spend it all.

The next thing you need to understand about money is this: all of the things you picture buying, they are only worthwhile to you because you cannot afford them (or have to work really hard to acquire them). Maybe you have your eye on a new Audi -- once you can easily afford it, it just doesn't mean as much to you anymore.

Everything is relative, and you are more or less powerless to that. Yes, the first month you drive the Audi, or eat in a fancy restaurant, you really enjoy it. But then you sort of get used to it. And then you are looking towards the next thing, the next level up. And the problem is that you have reset your expectations, and everything below that level doesn't get you quite as excited anymore.

This happens to everyone. Good people can maintain perspective, actively fight it, and stay grounded. Worse people complain about it and commit general acts of douchebaggery. But remember this: it would happen to you, too, even though you might not think so. You'll just have to trust me on this one.

Most people hold the illusion that if only they had more money, their life would be better and they would be happier. Then they get rich, and that doesn't happen, and it can throw them into a serious life crisis.

If you're part of the middle class, you have just as many opportunities to do with your life what you want of it. If you're not happy now, you won't be happy because of money.

Whether you're rich or not, make your life what you want it to be, and don't use money as an excuse. Go out there, get involved, be active, pursue your passion, and make a difference.



Response 2

In my experience, for an entrepreneur at least -- getting enough money to have freedom is worth it and a glorious thing.

Here are my experiences:

1. "Made" $10M+ in paper gains on DotBomb 1.0 stock, lost all but $50k. Felt horrible. Took me 4 years to get over it. Horrible. Terrible emotional scars. Of almost having had something, but having lost it forever.

2. Made $2M on first start-up. This was the best experience ever. The good feeling lasted four years -- the good feeling -- every single day, until Lehman Brothers and lost half of it (until the market came back). This was the happiest time of my life, from here until Lehman. Why?

$2M after taxes was about $1.5m. At the time I was making about $150k a year. After taxes that's about $90k in California. So, in selling my first start-up, I made the equivalent of almost 20 years of income (ignoring inflation). Plus, at the time, the market was reliably growing 10% YoY, so I didn't even have to worry about inflation. That meant I never, ever again had to do a job, or something, I didn't want to do. I did have to work again - clearly. So the pressure to work wasn't gone. Which is actually a good thing, it keeps you alive, the need to work at some point, in some fashion. But the freedom to only do exactly what I wanted to do was new. It was glorious.

3. Made $20M on second start-up. Finally, real f'you money. I feel no better. Yes, I bought a better house. I didn't even bother to buy nicer cars. Who cares. I just bought some more jeans. Look, I am intellectually proud and gratified to have this money. But it didn't buy my freedom, which I had from before. It didn't improve the quality of my life.

So the $2M was the best. Losing $10M was the very worst. The $20M wasn't as sweet as the $2M.

So for me at least, the learning is the one thing that matters money can buy you is freedom. Some may call this f'you money, but it's not about that for entrepreneurs. It's about having freedom from the man, freedom to just go for it.

Response 3

I certainly don't regret it.

Wealth removes constraints. Whether that's a good thing or a bad thing depends on the extent to which you needed those constraints. If you have a serious alcohol or other drug addiction, wealth could be fatal for you. In general, it makes people more of whatever they already were. If you're an asshole, getting more money will probably make you more of an asshole. However, if you have purpose and meaning in your life that goes beyond chasing the golden carrot, money can give you the freedom to focus on the things that truly matter to you.

One of the biggest dangers of wealth is that it often causes people to cut themselves off from the larger society, either out of fear or the belief that they are somehow better than others. We are all one.

Response 4
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).

And because wealth is a personality multiplier, it is also an experience multiplier. If you are miserable middle-class, you will likely be even more miserable wealthy. That's because all your personality traits that causes you to be miserable (eg, greed, cruelty, paranoia, inner turmoil) get multiplied. Similarly, if you're happy middle-class, you're likely to be even happier wealthy, for the same reason. Personality traits that causes you to be happy (eg, generosity, kindness, inner peace) multiply, thereby multiplying happiness.

So my advice is: learn to be happy BEFORE becoming wealthy. Most importantly, learn the skills that lead to inner peace, inner joy and compassion. Those skills make you happy when you're middle class, and will make you even happier when you get rich. Without those skills, the most likely outcome of wealth is misery.

http://www.quora.com/Is-getting-rich-worth-it

1 Like

Politics / Re: PDP Faction Wants GEJ Out, Confess 6 Month Interim Government -sahara Reporter by Wallie(m): 10:13pm On Feb 17
jcflex:
...
Some officials stated that the party hierarchy viewed Mr. Obasanjo’s public departure from the party as a dangerous signal and as a major threat. “Chief Obasanjo doesn’t just come out swinging the way he has done recently unless he is privy to the existence of some third forces that are against President Jonathan. And to the best of our knowledge, the former president has never fought a battle like this and lost, no matter how long it takes him,” one of the officials said.
...
http://saharareporters.com/2015/02/17/pdp-faction-wants-jonathan-out-candidate-party-faces-deepening-schisms

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
@mikeansy
@netotse

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
“(c) Primary Six School Leaving Certificate or its equivalent and (i) service in the public or private sector in the Federation in any capacity acceptable to the Independent National Electoral Commission(INEC) for a minimum of 10 years; and
“(ii) attendance at courses and training in such institutions as may be acceptable to the Independent National Electoral Commission for periods totaling up to a minimum of one year, and
“(iii) the ability to read, write, understand and communicate in the English Language to the satisfaction of the Independent National Electoral Commission(INEC); and “(d) Any other qualification acceptable by INEC.”

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
@mikeansy
@netotse

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
mikeansy:
...
The above is completely different from the case of perjury against him in which he claims his certificate is with army even though he possibly may not have one. This is a criminal case that could lead to imprisonment if found guilty!

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
omolami:
Ignorance is not an excuse in law.Learn fast.Buhari is liable and so will face disqualification.

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?

2 Likes

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.

1 Like

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
perculiarperson:
If they were used to rig, how come PDP didn't win in Osun? At least the winner was declared by the court today? Nigerians are too gullible!!!

That army man should be brought to book. If it was the truth, why didnt he include his name?

APC Fools!!! APC has failed woefully!!!


investnotspend:
A Nigerian Army Captain, who leaked the audio evidence of how some top officials of the Federal Government and the Peoples Democratic Party, PDP, used the Nigerian Army and other security agencies to rig the governorship election in Ekiti and Osun States last year, has spoken out about the matter.
In a statement entitled: “How Nigerian Army personnel were used to rig Ekiti and Osun States Gubernatorial Elections 2014″, Captain Sagir Koli gave details of all that transpired between himself, his commanding officer, two ministers and some politicians prior to the elections in Ekiti state....
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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