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9jaRealist's Posts

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FoodRe: Civet Killed In FUTA (Federal University Of Technology, Akure) by 9jaRealist: 6:47pm On May 25, 2019
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If this sort of IGNORANCE can exist within our so-called academic communities, then... sad
PropertiesRe: Lady Cries Out After Rented House Gets Demolished By Govt After A Month by 9jaRealist: 6:39pm On May 25, 2019
fecta:
Sue who?.

For 9ja??

Uncle stop watching too much oyinbo films.

The best thing that can happen is for one celebrity to give her money and a new house.

Ps:

Oga which network you DEY use na?

Y u theif my FTC
Sadly, that's just Naija REALITY right here!

If she goes to court, it could well take YEARS to resolve. But she should contact the Lagos State Office of Public Defender anyway or use the Lagos State Multi-Door ADR system. The OPD may be able to get her some sort of immediate/short-term relief, and probably direct her to organizations that may be able to help with emergency or alternative accommodation. Best of luck to her.
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PoliticsRe: Unreturning Lawmakers Evacuate Personal Belongings From NASS, Staff Mock Them by 9jaRealist: 6:30pm On May 25, 2019
femijamz:
Those staff mocking Dem be mumu. Instead of Dem to be praying and be like Dem.
Eledumare forbid bad thing...
Only thieves would pray to be like thieves!!
angry
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PoliticsRe: Unreturning Lawmakers Evacuate Personal Belongings From NASS, Staff Mock Them by 9jaRealist: 6:27pm On May 25, 2019
DabuIIIT:
The white man gat no time for this
grin
Yes o! They only "gat time" to mock Donald Trump every night on just about every late night show... grin
PoliticsRe: Unreturning Lawmakers Evacuate Personal Belongings From NASS, Staff Mock Them by 9jaRealist: 6:20pm On May 25, 2019
IvarTheTerrible:
Nigerian youths are not particularly bright.

I can see quite a number of comments on the FP defending the lawmakers and abusing those mocking them.

YES, mocking the lawmakers has ZERO effect or impact BUT

Defending them is just plain stupidity.
Thank you!
PoliticsRe: Unreturning Lawmakers Evacuate Personal Belongings From NASS, Staff Mock Them by 9jaRealist: 6:18pm On May 25, 2019
Hotzone:
Ye mockers, one day ye shall not only depart from House but hit the EXIT button off to Ash world, u know.
Nothing las las last foairva
So will everybody else, including those legislooters... cheesy
PoliticsRe: Unreturning Lawmakers Evacuate Personal Belongings From NASS, Staff Mock Them by 9jaRealist: 6:15pm On May 25, 2019
oluwaseyi000:
Mocking our leaders when they throw in the towel will only encourage sit tight politicians. I wish them all the best in their future endeavor
They did NOT "throw in the towel"....
They were thrown out of office by their EMPLOYERS - the voters!

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PoliticsRe: Unreturning Lawmakers Evacuate Personal Belongings From NASS, Staff Mock Them by 9jaRealist: 6:09pm On May 25, 2019
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Nigerians - we never miss the opportunity to chase shadows instead of substance...

So, instead of checking whether the items being removed from these offices (copiers, water dispensers, flatscreens, etc.) are GOVERNMENT property (and no wonder Nigeria budgets for the same office items EVERY year), the so-called "press" are more concerned with "mocking". SMH

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PoliticsRe: Buhari Hosts Dangote, Otedola, Others In Aso Rock - Photos by 9jaRealist: 7:42am On May 25, 2019
I am not against the President's (or anyone else's) religious beliefs...
But why are they using TAXPAYERS' money (the public treasury) to host Iftar? shocked

Once or twice as symbolism was okay...
But PMB seems to be hosting government-financed Iftar dinners everyday. Haba!!

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TravelRe: 22 Things To Know About The Oshodi-apapa Expressway by 9jaRealist:
HospitalityDiva:
N72.9billion for 10 years tax exception for Dangote. Personally, I think that is meager. I hope Nigerians are not being Yahoo-Yahoo-ed.
Obi1kenobi:
Dangote continues to Yahoo the Nigerian government. Already, he pays little in taxes and makes humongous annual profits from DangoteCem due to a poorly regulated cement cartel that exploits Nigerians. Now he gets a 10-year tax break for N72billion of construction work? The kind mugu the guy has made of the Nigerian government no be here, sha. Tax waivers. Import waivers. Forex waivers.
deepwater:
Greatest scam ever!
Dangote evaded tax remittance in tune of 10 years
TINUBU HITECH pocked money from the deal and will take 2 years to repair a 35km road that was originally built in 3 years.
EFCC is pursuing Naira Marley up and down
EMEFELE audio said the NGN 2billion is for something for EFCC
JTF has a station at Mile2 up feeding heavily on all trailers, It take 15k to make a u-turn at liverpool up just at the foot of the army barrack.
GOC turns his eyes to the Lagos Lagoon as boys are delivering every evening
This one below is selling rabbits,
It's NOT a tax holiday, but a TAX CREDIT (credited towards actual accrued tax liability) and for THREE YEARS (not 10 years).

Furthermore, it is NOT being afforded only to the Dangote Group. Rather, there are actually a total of SIX private sector companies that will be accorded tax credit and relief under this Public-Private Partnership arrangement made pursuant to Executive Order No. 7 of 2019. Accordingly, in addition to the Dangote Group, the others are Lafarge Africa Plc, Unilever Nigeria Plc, Flour Mills of Nigeria Plc, Nigeria LNG Limited, and China Road and Bridge Corporation Nigeria Ltd. These 6 private companies will be investing in a total of 19 road projects (totaling approximately 794.4 kilometers in 11 states across each of the six geopolitical zones).

For the avoidance of any doubt, Executive Order No. 07 provides is that private infrastructure providers shall be able to OFFSET actual audited tax liabilities accrued over a THREE-YEAR PERIOD (not ten years), within the lifespan of Executive Order No. 7, by taking a tax CREDIT (that is, a credit against such tax liabilities) up to the contract amount involved in each of the covered projects (apart from the 19 initial projects, proposals are requested from interested companies for additional projects). The only ten-year period referenced in the Executive Order No. 7 is the lifespan of the Order, which is provided to remain in force for a period of 10 years as from its coming into force in January 2019.

Accordingly, there has NOT been any 10-year tax holiday or exemption granted to the Dangote Group or the SIX other private sector companies in relation to any of the projects currently covered by Executive Order No. 7, including the Apapa-Oshodi-Oworonshoki-Ojota Road project.
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TravelRe: 22 Things To Know About The Oshodi-apapa Expressway by 9jaRealist:
AutoJoshNG:
12. The reconstruction contract was awarded to Dangote Group. In exchange, the Federal Government will grant Dangote Group a ten-year tax holiday.

13. The amount approved for the construction project was N72.9billion.
This is INCORRECT!
It's NOT a tax holiday, but a TAX CREDIT (credited towards actual accrued tax liability) and for THREE YEARS (not 10 years).


Precisely, this PPP arrangement between the federal government and the Dangote Group was made pursuant to Executive Order (EO) No. 07 of 2019 (which is NOT exclusive to the Dangote Group or to this project but also applies to several other projects undertaken by several other private sector companies), and what it actually provides is that the private infrastructure provider (in this case, the Dangote Group) shall be able to OFFSET its actual audited tax liability accrued over a THREE-YEAR PERIOD (not ten years) up to the contract amount.

The ten-years referred to in the EO is to the life of the EO itself, which was provided to remain in force for a period of ten years as from its coming into force in January 2019. The ten years does NOT refer to the period during of tax credit or relief.

In other words, the Dangote Group, in this case, shall be offset its actual audited tax liability ACCRUED OVER ANY THREE-YEAR TAX PERIOD (not over ten years) by means of a tax credit taken within the ten-year lifespan of EO No. 07 (2019) up to the contract amount of N72.9 billion. The Dangote Group (or such other private sector infrastructure provider) will nonetheless still remain liable for any tax liabilities over the contract amount of N72.9 billion (both during the three-year credit period and/or the broader ten-year lifespan of EO No. 07 of 2019).
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FoodRe: Nigeria’s Obsession With Rice And The Bottomless Subsidy Pit by 9jaRealist: 3:56am On May 24, 2019
helinues:
Rice Rice Rice.. Rich man food in Nigeria.

More than average Nigerians eat Rice every Sunday
Abegi, EVERY Nigerian eats rice! cheesy
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CrimeRe: Customs Seizes N15billion Worth Of Donkey Skin In Lagos by 9jaRealist: 3:39am On May 24, 2019
Richdad50:
shocked

There is hunger and a dip in the standard of living in Nigeria. People will do anything just to have an equivalence of meat in their food. It is that bad.

When you got kids, you will do anything to give your children that feeling of eating meat too.

Richdad
And how does EXPORTING donkey hides "give your children the feeling of eating meat"? shocked

Folks should quit EXCUSING criminality. The kids of anyone who can amass two containers of skins for illegal export are not going hungry.
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CelebritiesRe: CDQ Educates DJ Cuppy After She Went To Germany To Deliver A Speech "About Niger by 9jaRealist: 3:14am On May 24, 2019
nicepoker101:
So if you got an opportunity to present such a speech is it only access to clean water that will top the numerous and urgent issues we have in the country?
Access to clean water happens to be one of the topics specfically addressed under Global Citizen's 'Better World Initiative'...
Afraid that topics like Herdsmen Slaughters, Ritual Killings, Kidnapping, Yahoo, Panties' Raiding, Election Rigging, Tribalism, etc., are not.
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CelebritiesRe: CDQ Educates DJ Cuppy After She Went To Germany To Deliver A Speech "About Niger by 9jaRealist: 3:03am On May 24, 2019
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Global Citizen has what it brands as "Better World Initiatives"...
Access to water is one of such initiatives, and that's likely why Cuppy specifically addressed it.

Meanwhile CDQ is busy listing Nigeria's shortcomings, not so that he and the rest of us can join hands to redress/resolve these matters ourselves but rather so that some Oyinbo benefactors "will know how to rightfully channel resources". The shamelessness of incompetent Africans/Nigerians can be truly mind-boggling! SMH

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EducationRe: ABUAD Invigilator Throws Out Sheet Of Student Who Submitted With Left Hand by 9jaRealist: 2:49am On May 24, 2019
Superstitious ZOO! angry
CelebritiesRe: Toke Makinwa Body-shames Man She Saw Peeing On The Road by 9jaRealist: 2:45am On May 24, 2019
SageMK:
Imagine if the roles were reversed, and it's a man now ranting online about how he saw a woman peeing and thus yelled at her that he saw her bore hole vagina.

I know alot of people will tag him a pervert, and even report his account. But being that it's a woman, she'll get away with it like they always do. So insensitive. sad

A decent woman will mind her business.

But a frustrated feminist will this opportunity to see a man's willy and use that mental picture to ease off later.
Her (and EVERY Lagosians') "business" is keeping Lagos clean...
Personally would not use her methodology, but her focus was clearly more on the dude's conduct than on his tiny willy.
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CelebritiesRe: Toke Makinwa Body-shames Man She Saw Peeing On The Road by 9jaRealist: 2:40am On May 24, 2019

SHOCKING how many Nairalanders apparently consider it normal to have a wee on the streets...
undecided
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PoliticsRe: Fayose Reacts To Fayemi’s Emergence As NGF Chairman by 9jaRealist: 2:18am On May 24, 2019
rusher14:
grin

He's been humbled.
EFCC is the fountain of this humility... grin
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RomanceRe: Waist Bead: Fashion Or Charm? (photos) by 9jaRealist: 1:42am On May 24, 2019
ThothHermes:
Uninformed skepticism: The hallmark of the pseudo enlightened -- A sage grin
Skepticism is humanity's highest duty, and blind faith the one unpardonable sin -- a savant. grin grin grin
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FamilyRe: Popular Nairalander, Hungerbad Dies At Age 44 by 9jaRealist: 1:20am On May 24, 2019
RIP...
CelebritiesRe: Simi Writes About Naira Marley's Arrest And Personality by 9jaRealist: 6:13am On May 23, 2019
nairalanduseles:
Go sit down jealousy kee u
At least I will "sit down" in my HOME and not in a jail cell. Don't drop the soap Naira... grin
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PoliticsRe: Seriake Dickson Emerges PDP Governors Forum Chairman by 9jaRealist: 6:05am On May 23, 2019
Why are people congratulating Mr. Dickson for a meaningless position?

Nigerian politicians love useless officialdom and these days "forums" seem to be the rage - Governors' Forum, PDP Governors' Forum, APC Governors' Forum, Northern Governors' Forum, Southern Governors' Forum, South West/Odu'a Governor's Forum, South South Governors' Forum, South East Governors' Forum, First Timers NASS Forum (that was on Nairaland yesterday), Ex-PDP Ministers' Forum, Forum for Wives of Ondo State Officials (trust me, that's a real thing), etc., etc., with every Tunde, Dike and Haruna jostling to be a meaningless 'chairman'.
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CelebritiesRe: Simi Writes About Naira Marley's Arrest And Personality by 9jaRealist: 5:42am On May 23, 2019
nairalanduseles:
Marley the new fela
Abami Eda must be rolling around in his grave, being compared with Yahoo boosters... angry
BusinessRe: Court Okays Innoson On Its Execution Of Judgment Against GTB by 9jaRealist: 5:21am On May 23, 2019
Mustsucceed:
You think you are smart you edited it .as discredible as Gtb
Duh! I CANNOT edit my post that is quoted within someone else's post...
However, I decline to join you in the gutter of childish false charges/personal insults because I was obviously raised better. SMH undecided
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BusinessRe: Court Okays Innoson On Its Execution Of Judgment Against GTB by 9jaRealist: 5:17am On May 23, 2019
Mustsucceed:
I almost applauded you here until.......

If this isn't copy and paste then you probably are an internal working person of Gtb tasked with convincing public that gtb can pay this and its chicken change.I won't go into long detailed argument with you ..

But let's ask a simple question ,what is stopping you from paying ? Why moving from one court to the other?allowing interests to accrue ?...
grin grin grin

Dude, first you confuse me for someone else and now you input that I am a GTB employee...

Sometimes I tend to forget that in Nigeria, discussions are often about people and impugning motives instead of FACTS and substance. Like I said in the post you quoted, GTB is a PUBLICLY-LISTED and PUBLICLY-TRADED company listed on two stock exchanges, including the Big Board of the London Exchange (where reporting and corporate governance standards are extremely high) and thus its financial information and accounts are PUBLIC information that is easy to get for anyone who prefers discourse based on FACTS rather than beer-parlor rumors.

I'm afraid that I have to disappoint you as I am not an employee, shareholder, solicitor, nor any other kind of advisor, to/of GTB, but merely someone who prefers intelligent discourse based on FACTS (rather than the childish gossips and/or churlish ethnicity-riven drivel that often pervades this forum). Nonetheless, my guess is that most people would balk at paying a fine they believe to be unmerited. Fortunately, there is an enlightened process for resolving such disputes, called the JUDICIAL process - which GTB has exercised its rights to avail itself thereof.
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BusinessRe: Court Okays Innoson On Its Execution Of Judgment Against GTB by 9jaRealist: 4:59am On May 23, 2019
Mustsucceed:
I wanted to point out facts on this then I realized you are not even well informed.The judgement debt today stands at over 8 bn yet you quote 2.4 .so why bother wasting my time on you?
2.4 what?! Dude, I have absolutely no idea what you are talking about? shocked
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BusinessRe: Court Okays Innoson On Its Execution Of Judgment Against GTB by 9jaRealist: 4:51am On May 23, 2019
Dottore:
Oga no Nigerian company or firm will pay an u budgeted fine of 8.8billion naira and still be smiling. Their gross earnings is 215billion how will be remaining after tax and how much will be remaing after shareholders funds are disbursed and how much will remain for operating costs. Do you know how much resources that have been wasted in the course of this case? In a corporate organization every task or errand costs money.

Do you know that once they pay that money, it will trigger and encourage more litigations from many other dissatisfied customers and shareholders not only in GTB but in many other banks.
Nope! That's gross PROFITS (that is, profit before tax)...
In fact, to be exact it was N215.59 billion, while profit after tax (i.e., net profit) was N184.6 million.

Like I said it paid an interim dividend of N8.82 billion to shareholders in August last year, with full year dividends to follow.
As shareholders are equity risk-takers in a company, paying a N8 billion fine would merely mean foregoing one interim dividend (if necessary).

You have to realize that GTB is not just a Nigerian company. It is listed on the London Stock Exchange, which not only means that all of its financial information is public knowledge, but also ensures that it adheres to the HIGHEST corporate governance standards. Accordingly, it is likely that GTB had long ago made provisions (via a general reserve) for this fine (what is known as a contingent liability) on its books. IFRS and Basel III (even Basel II) rules, which multinational (even Nigerian) banks are bound by, would definitely mandate such a provision. When a company like GTB makes N184 billion in NET profits (that is, profits after taxes, charges and PROVISIONS, including any contingency reserves) and pays out less then N10 billion in dividends, the rest of those profits go into (1) capex and (2) General Reserves/Shareholder Funds.

Bemusing when folks argue that an N8 billion fine would cripple a bank with N3.29 TRILLION Total Assets and N576 billion Shareholder Funds.
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BusinessRe: Court Okays Innoson On Its Execution Of Judgment Against GTB by 9jaRealist: 4:23am On May 23, 2019
Dottore:
Oga no Nigerian company or firm will pay an u budgeted fine of 8.8billion naira and still be smiling. Their gross earnings is 215billion how will be remaining after tax and how much will be remaing after shareholders funds are disbursed and how much will remain for operating costs. Do you know how much resources that have been wasted in the course of this case? In a corporate organization every task or errand costs money.

Do you know that once they pay that money, it will trigger and encourage more litigations from many other dissatisfied customers and shareholders not only in GTB but in many other banks.
RomanceRe: Waist Bead: Fashion Or Charm? (photos) by 9jaRealist: 4:20am On May 23, 2019
ThothHermes:
To the believer, no proof is necessary, to the unbeliever, no proof is enough -- Another wise man grin
Blind Faith: "the opium of the masses!" - an incredibly wise man. grin grin grin
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PoliticsRe: Light Rail: Prepare For Gridlock In Oyo, Amaechi Alerts Incoming Govt by 9jaRealist: 4:08am On May 23, 2019
But why shade the man though by insinuating that he is "the Tinubu of Rivers"? grin

Meanwhile, what sort of "journalist" does not know that Lagos-Ibadan rail is NOT a light-rail project?! Haba!!
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BusinessRe: Court Okays Innoson On Its Execution Of Judgment Against GTB by 9jaRealist: 1:59am On May 23, 2019
Chinashopping84:
There will be light at the end of the tunnel...
There are no tunnels and hardly any light in Nigeria...
You would be better off promising jollof at the end of the reception! grin
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