₦airaland Forum

Welcome, Guest: Register • Login • With Google • Trending • Recent • New

Stats: 3,344,434 members, 8,511,830 topics. Date: Monday, 02 November 2026 at 11:38 AM

Toggle theme

Agabusta's Posts

Nairaland Forum › Agabusta's Profile › Agabusta's Posts

1 2 3 4 5 6 7 8 ... 77 78 79 80 81 82 83 84 85 (of 177 pages)

Politics › Re: Analysis: Buhari will likely Win 2019 Election but with less margin. by agabusta: 8:27am On Apr 07, 2018
This is a very sound analysis that should grace the front page.

Lalasticlala, OAM4J, Mynd44 for your information please. The other biased and half baked analysis was pushed. This is a very balanced one.
Politics › Re: Cambridge Analytica Video Used By Jonathan Against Buhari In 2015 Election by agabusta: 7:32am On Apr 05, 2018
The effects of the campaign of hate is still very much with us today.
Computers › Re: Inverter Users : Lets Have Your Experience by agabusta: 4:43am On Apr 03, 2018
makavele:
Any wire !
Alright, thanks.
Computers › Re: Inverter Users : Lets Have Your Experience by agabusta: 8:30pm On Apr 02, 2018
makavele:
I guess you didn't read my post well . . .
you can only connect your multimeter's red and black test probes to the battery's postive and negative terminals respectively
to check for voltage. You don't need to disconnect the batteries. Kindly make sure batteries are depleted to 50% depth of discharge
before test. Your inverter should show you depth of discharge


To test the inverter itself, when batteries are drained and inverter is charging them;
you need to check the charge current with a clamp meter to see if it matches the inverter's true specification as stated
on the manual

While you can use a multimeter capable of checking dc current to check for this; it is tough work because you need to break the circuit
and splice into wires; so a clamp meter is recommended.
Thank you for your responses. Which is to be clamped btw the red and black wires to check the charge current?
Computers › Re: Inverter Users : Lets Have Your Experience by agabusta: 7:32pm On Apr 02, 2018
makavele:
200Ah you meant huh
You can confirm if the inverter is charging according to specification using a clamp-meter that can read
DC amps . . .
For the battery test, use the batteries till like 50% depth of discharge and measure the voltage of each battery
None should be less than 12.0V
I have a multimeter, will I just connect it to the negative and positive terminals of the batteries while setting it to DC voltage to check the batteries? And do I have to disconnect the batteries before the test?


How do I test the inverter itself?
Computers › Re: Inverter Users : Lets Have Your Experience by agabusta: 7:28pm On Apr 02, 2018
darocha1:
POC The batteries are Ah not mAh. You find mah battery capacity in your power bank.
Secondly, you need to run a test on your batteries using a multimeter or seek the aid of a person with technical know out on Inverter.
I doubt it is your inverter that is faulty, considering you mentioned the back up time has drastically reduced.
There are few questions i will ask you privately to help you do an off-site troubleshooting.

call/whatsapp 08137539988
IG @whiteconsulttech
Thank you.
Sports › Re: Anthony Joshua Defeats Joseph Parker (Live Thread) by agabusta: 5:31pm On Apr 01, 2018
BluntBoy:
I will confirm that. Who do you suppose would win should Wilder decide to fight Whyte?
It's actually a tight one, but given Whyte's sloppy defence and stamina and Wilder's dangerous right hand.

I will tip it in favour of Wilder. As he'll definitely get some of his bombs through. And this will really shake Dillian.
Sports › Re: Anthony Joshua Defeats Joseph Parker (Live Thread) by agabusta: 5:07pm On Apr 01, 2018
BluntBoy:
Says who?
It seems Whyte is the mandatory challenger for the WBC belt. Sooner or later, the WBC will ask him to defend the belt against the mandatory challenger.
Christianity Etc › Re: Using Casket For Burial In Islam by agabusta: 8:04am On Mar 31, 2018
Raintaker:
I don't even understand the Yoruba xtains/Yoruba Muslims I see on nairaland these days.
There is nothing like that, they are trying to create a caste/division system which never existed.
Only God knows what kind of spirit these people possess.
I just tire for them. And these same set of people are always all out to call other people Bigots.

Whereas, theirs is legendary from time immemorial.

Bunch of hypocrites.
Christianity Etc › Re: Using Casket For Burial In Islam by agabusta: 7:45am On Mar 31, 2018
SouthEastFacts:
I am not here to exchange words with you. I said 35-40% of Katsina population are Christians. Did I mention their political inclination? NO.

Keep deceiving yourself. The strongest base of Buhari is Yoruba moslems. They are solidly on lock down for Buhari. It is their Christians that don't care about religion during voting.
Did I say anything about Katsina state? The parts I referenced were made bold for you to relate with.

We have consistently told you people to drop this foolery of Xtian/Muslim yorubas but you want to keep wallowing in ignorance. No wahala.
Christianity Etc › Re: Using Casket For Burial In Islam by agabusta: 6:26am On Mar 31, 2018
Empiree:
the best argument against the use of coffin or casket is that it is a waste of money or resources. That the prophet did not use it is not tangible evidence in my opinion. Again, it is not ideal for muslims to use casket. It is not Muslim tradition. It is a waste of money and resources. This is the position of Sheikh Adam Abdullah Al-ilory(ra).

Besides, what's the purpose of casket?. To prevent maggots?. That's nonesense
This seems more reasonable
Christianity Etc › Re: Using Casket For Burial In Islam by agabusta: 6:11am On Mar 31, 2018
SouthEastFacts:
Oga travel and you will learn. Over 90% of Northern Christians answer Arabic names.

Late last year, our Organisation was commissioned to run an election related survey in Katsina and to our shock 40% of the populations are Christians. We were supposed to spend only 21 days but we ended up spending 3 months. We changed every parameters, pulled up the worst case scenarios, narrowed the sample sizes, broaden the sizes and our hit consistently returned between 35-40 percents. We spent over additional 2 months to verify this.

So if Katsina a core sharia state has Christians as large as this what will you say about Kaduna.

What am I trying to say, those Soldiers might be Christians.

Finally, the best chances of defeating Buhari is to tactfully pull both tribal and religious cards. Shia muslims are on standby to deliver about 3 million votes against him but SW moslems are on lock down for him.

NE is a swing region. Kano and Kaduna will shock BMCs and PDP will pull atleast 25% from NW.

Christian Yorubas are undecided and are likely to vote for PDP if they field Yoruba Christians. A SE VP will not appeal to them, but the North is indifferent in who becomes VP.

SW VP will cost PDP their strongest ally SE and their bulk breaking votes in SW, NW and "consolidation votes" from the other regions.

A female VP will not sell.

We left Lagos 2 weeks ago and our next stop will be NC, then FCT.
Continue deceiving yourself. Buhari has die hard fans among both Christians and Muslims.

Yorubas are not that religiously inclined in political consideration.
Christianity Etc › Re: Using Casket For Burial In Islam by agabusta: 5:59am On Mar 31, 2018
Preator:
Praise be to Allaah.

There is no dispute among the scholars that it is makrooh to bury the deceased in a coffin if there is no need for that.

Ibn Qudaamah said:
It is not recommended to bury the deceased in a coffin, because there is no report that the Prophet (peace and blessings of Allah be upon him) or his companions did that, and it also involves imitating the people of this world.



It is makrooh to bury the deceased in a coffin according to scholarly consensus, because it is bid’ah (an innovation), unless the ground is wet or soft, in which case it is not makrooh because that serves a purpose.

The deceased’s instructions should not be carried out except in this case. Similarly if the deceased has been burned by fire and cannot be carried except in a coffin.

And Allaah knows best.

https://islamqa.info/en/34511
As per the bold parts above, Why are you now using phones, CCTV, computers, flying planes, etc.

Is that not imitating people of the world? Is there evidence that the Prophet and his companions used same?
Computers › Re: Inverter Users : Lets Have Your Experience by agabusta: 4:35pm On Mar 30, 2018
makavele:
An original deep cycle battery will not just die when discharged to 100%;
rather it will shorten the lifespan by more than half if you do this continuously. If the battery was to last 1 yr before;
it will only last 3-5 months.
A car battery that is deep discharged more than 10 times, is already dead and cannot come back to life.
You might not notice when its powering small loads; but put in a car and try to start it; or connect a larger load;
I'd bet the voltage drops off a cliff.
Please how can I confirm my inverter batteries are due for replacement. They don't provide much backup time like before. My Bro is saying he is suspecting the inverter is not charging it properly, while I'm suspecting the batteries are almost gone. Btw, the batteries are 200mah and have done 2 years.
Politics › Re: Senate Re-Introduces Electoral Amendment Bill by agabusta: 12:43pm On Mar 28, 2018
Akainzo:
Quite rightly, however this is not the case with this particular bill.
There is a controversy on the bill as regards the power granted INEC by the constitution to organise and supervise elections.

Some people are averring that the power includes setting the sequence of elections, which this Act seeks to take away. Therefore, it is the Supreme Court that can make a final declaration thereto, and which can go in either ways.

Anyways, this is if the Executive sues the NASS On account of enacting a law which contradicts the constitutional sha.

Kindly note that the powers granted by the constitution cannot be taking away by an Act of parliament, which is an inferior law.
Politics › Re: Presidential Visit: Lagos Declares Thursday March 29 Work Free Day by agabusta: 6:39pm On Mar 27, 2018
Mr. Presido, welcome to the Centre of Excellence.
Politics › Re: Senate Re-Introduces Electoral Amendment Bill by agabusta: 6:28pm On Mar 27, 2018
Akainzo:
The constitution provides for the National Assembly to override the veto of the President through a vote by two-thirds majority of both houses. Once this happens, the bill becomes law and the President cannot challenge that in court.


However, the NASS is just going down a route that is useless! By the proposed Bill, INEC is till the one to determine the dates of the elections based on actual readiness of logistics and personnel thus all INEC has to do is say it is not ready for the the NA elections, post pone it by one week and voila, NASS elections is after the Presidency!

The provisions in the electoral law will still give the final decision on dates to INEC.
The supreme court can still render an Act useless by its pronouncements. Kindly be educated.

Passing a law is not all in all. The law is subject to interpretation by the Judiciary. And if the Judiciary declares it not consistent with the constitution, the law becomes null and void on its inconsistency with the constitution.
Politics › Re: 301 Reps Sponsor Bills To Stop Ajaokuta Steel Company Concession by agabusta: 8:32am On Mar 23, 2018
seunmsg:
Trust me, some Russian contractors who are desperate to get the contract for completing the project are behind all these Akpoti and house of reps emotional and hypocritical stand. Their intentions are not nationalistic in any way. Anybody who is genuinely concerned about Ajaokuta steel company would support the complete and immediate privatisation of the company. We've not produced a single steel from that plant in about 30 years and they still want to keep pumping money into the place.
Someone is definitely sponsoring Natasha. The truth will reveal itself one day.

There is always vested interest in this our country.
Politics › Re: 301 Reps Sponsor Bills To Stop Ajaokuta Steel Company Concession by agabusta: 4:37am On Mar 23, 2018
The Reps are living in a fools paradise.

The ministry managing the plants are if the opinion it is better to involve the private sector in the completion and running of the plant, yet they are foaming in the mouth and saying they will allocate funds for it's completion.

Where are all the funds allocated before now? No be chop dem chop am?

They are just going in circles. If they allocate funds now and the current actors quit the scene, new guys will come and chop the money.

Another new set will come and be shouting that concession is the best way out of the repeated chopping of Ajaokuta completion money.

Are they not tired??

Concession is not outright sale of the plant. It can be taken back if the concessionaire does not perform well.

They should allow the ministry to concession the plant to a sound investor with the finances and technical ability to run the plant.

Govt is trying to get it's hands off managing big corporations, and the Reps still wants to dig further in.
Politics › Re: Court Affirms Efcc’s Right To Declare Anyone Wanted by agabusta:
Mynd44:
This thread says the opposite.

Who do we believe?

https://www.nairaland.com/4412839/efcc-cant-declare-anyone-wanted
It is obvious that the news report in the other thread you referenced (quoted below) was not that detailed.

The report never stated that EFCC obtained a valid court arrest warrant before declaring the Aiteo Boss wanted.

The report also did not state the number of months that EFCC has written to the man without the man honouring their invitation.

The report in essence is one-sided and not as detailed as the current one but the concluding part of the 2nd report shows EFCC lost the case, and which shows the headline of the current rwport was made sensational.

But I think the EFCC needs to urgently appeal this ruling because it seems contradictory.

If a court has issued an arrest warrant on a person, is that not consequential to declaring the person wanted?

If EFCC goes to court to obtain an arrest warrant? Is this new judgement now saying, even after obtaining a court issued arrest warrant, they should still obtain another court order to declare the person wanted?

Is the court now saying the power to declare the person wanted is not implied by the court issued arrest warrant?

The court seems confused in my own opinion. An higher court needs to properly interpret the powers inherent in a court issued arrest warrant.



A High Court of the Federal Capital Territory (FCT) has held that the Economic and Financial Crimes Commission (EFCC) lacks the powers to declare anyone wanted without first obtaining a court order.

Justice Othman Musa said in a judgment on Thursday that the EFCC could declare wanted anyone who failed to honour its invitation but the power could only be exercised after it has obtained a court order to that effect.

Justice Musa’s judgment was on a fundamental rights enforcement suit filed by the Chief Executive Officer of AITEO Group, Benedict Peters.


In the suit marked: FCT/HC/CV/23/2017, Peter accused EFCC of declaring him wanted on its web site without due process.

The suit had EFCC and the Attorney General of the Federation (AGF) as respondents.

He said the decision of the EFCC to declare him wanted without a pending charge or a valid court order to that effect was a violation of his fundamental rights.

The EFCC said Peters was being investigated over his alleged involvement in the 2015 election bribery.

http://www.akelicious.net/2018/03/efcc-cant-declare-anyone-wanted-without.html
Politics › Re: BREAKING: Reps Regazette Peace Corps, Electoral Act, Other Bills by agabusta: 9:53am On Mar 22, 2018
This Peace Corps sef. Why dem stubborn like this.
Career › Re: Sack Of Married Female Staff:Lawyer Establishes Facts Against Globacom,sues N50b by agabusta(op): 7:38am On Mar 22, 2018
TMemos:
Was the marital status stated in any of the letters terminating their appointments?
No it was not stated on the first letters leaked on twitter. The latter letter in circulation with married as justification seems to be fake.

The 1st paragraph of the initial letter was adjusted. The stuff was even screen grabbed from a computer screen and was not even released by a verified handle like the initial letter.

Career › Re: Sack Of Married Female Staff:Lawyer Establishes Facts Against Globacom,sues N50b by agabusta(op): 7:07am On Mar 22, 2018
Yet more sides to the story.

Mynd44, lalasticlala, OAM4J let's hear more views pls.
Career › Sack Of Married Female Staff:Lawyer Establishes Facts Against Globacom,sues N50b by agabusta(op):
Sack of Married Female Staff: Lawyer establishes facts against Globacom on sack of over 90 female staff ...Slams N50b suit on Globacom


A renowned legal practitioner and public interest litigation expert, Tunji Salawu, Esq has given several grounds to why his clients have resolved to drag the Globacom, operators of Glo telecommunications to court.

He also instituted a N50 billion legal action against the suit at the National Industrial Court of Nigeria (NICN) via suit number (NICN/ABJ/75/2018).

In the statement of facts establishing the cause of action obtained by newsmen in Abuja on Tuesday, 20th March, 2018, the sacked female workers pointed out that, they were employed by the Defendants between 2003 and 2008, and have individually put in between average of 7 to 15 years in the employment of the Defendants.

They wondered why dedicated staff who have impacted positively on the fortunes of the company could be sacked with a wave of the hand on the flimsy reason bothering on their marital status.

It could be recalled that, Public Interest Litigation Initiative (PILI) only last week informed of its decision to take up the matter in order to restore and enforce the fundamental human rights of the affected female staff of the telecommunications company.

In that statement, the Executive Director of PILI, Prof. Adesoji Adesugba said: “It is disheartening to hear that these particular set of female staff who have worked very hard to take the company to the height it has attained today could be treated in a needlessly reckless manner. We at PILI find this unacceptable and have taken a legal action to challenge this glitch.

“It is going to be a legal fight to the finish until and unless very urgent and responsible steps are taken by Globacom to restate them back to their various positions with full benefits in addition to paying damages to them for distorting their career path or progress.


The legal statement said the Claimants plead and rely on their various letters of employment as employees in the management cadres at Gloworld department, the retail arm of Globacom Limited with branches and outlets all over Nigeria.

Sections of the statements read: “The Claimants are all married women in the Gloworld Department, (a customer facing unit) of the Globacom Limited.

“The Claimants were all employed as single females but later had changes of Marital Status in the course of their employment.

“Throughout the length of their services with the Defendants, the Claimants performed the job specification to their best of abilities and were never found wanting by the Defendants and

“In fact, the Claimant had variously been promoted and earned commendations of the Defendants”.

Other facts supplied include:

“The Claimants have continued to work diligently until, 8th March, 2018, a day set aside globally as “Women’s Day” when they got a shocking gifts from Defendants in premeditated sack letters, terminating their employments. The Claimants plead and shall rely on the respective letters of termination of employments at the trial.

“The Claimants state that the purported letters of termination of appointment violated the terms and conditions of service of the employees of the defendants. The Claimants plead and shall rely on the conditions of service of the Defendants at the trial. Notice is hereby given to the defendants to produce the conditions of service and staff handbook manual at the trial.

“The Claimants state that the purported termination of their employments was premeditated discriminatory and in bad faith as can be deduced from the cumulative events leadings to the termination”.

According to document, sometime in July, 2017, the Defendants embarked on what was termed staff profiling of all the Gloworld staff, wherein they requested for the following particulars of the staff, among others; full length and portrait picture, passport photograph, date of birth, marital status and length of service at the Globacom Limited despite that all the above information was available to the Human Resources Department of the Defendants, the Claimants nevertheless complied with the request and forwarded their details.

Again, in January, 2018, the Executive Director, (Legal) of the 1st defendant, Mrs Gladis Talabi, Jumoke Aduwo, Human Resources Manager and the regional managers of Gloworld went round all the branches nationwide to “see” all Gloworld staff and conduct “physical verification”, wherein the following personal questions were asked: are you married? How many children do you have? How long have you been in the system? Etc. The staff were further asked to file out for physical examination and have their photographs taker by lined photographers, it added.

The details of other grounds are:

“The Claimants state that the employment processes of the Defendants were conducted in violation of the rights of the applicants to human dignity as often, shortlisted candidates after successful interviews with the Globacom Human Resources personnel’s were further made to face personal interview by the Chairman of the Globacom Dr. Mike Adenuga, where they were advised to look nice, make up well, wear push up bras, chest out, wear miniskirts, a well manicured nails and generally look sexy for the interview with the Chairman.

“After all the rigors of the interview, the successful applicants were given letters of employment through various agencies of the Defendant, such as Contact Centre Services Limited, Vixen Enterprises, Umbrella Limited, Blue Moon Ventures, Dragnet Limited, etc. All affliates of the 1st Defendant.

“Sometime in 2008, the 2nd defendant, Global Manpower Limited (GML) was introduced to the Claimants who were made to sign over their appointments to the agency under duress and without opportunity to read and understand the contract.

“The Claimants state that they were not even avail with a copy of the new contract signed with the 2nd Defendant.

“Again sometime in 2012, the Claimants were made to sign a bond that they would remain in remain in the employment of Globacom Limited for a certain number of Years and any dissengament of staff within the period either voluntarily or by default of the defendant would attract a penalty of 10 Million Naira. The claimant plead and shall rely on the copy of the bond at the trial. The Defendants are hereby given notice to produce the original bond at the trial.

“Furthermore, in 2016, the Claimants, are Gloworld Managers and Stock Controllers were made to bring two guarantors such as bank Managers, Clergymen, High networth individual and level 14 and above Civil Servants. The guarantors were made to provide a blank signed but undated cheques and ittle documents of landed properties in choice locations as well as letters of introduction from banks. The Claimants pleads and shall rely on copies of the said guarantors bond at the trial.

“Those who were unable to meet up with deadlines for the submission of the guarantors had their salaries withheld till they were able to meet up.

“The Claimants state that those documents and bonds including the signed but undated cheques are still in possession of the defendants till date.


“The Claimants state that due to the bond entered with the Defendants they have had to stay back from several job opportunities.

“The Claimants state that sequel to the termination of their appointments, the defendants paid one month salary and unpaid leave allowance into the accounts of the Claimants, leaving out pending Domestic Travel Allowances (DTAS), pending relocation allowances and outstanding float retirements purportedly in lieu of the notice of termination.

“The Claimants also state that the payment of one month salary in lieu of notice is contrary to the 60 days notice required under the condition of service.

“The Claimants state further that the defendants failed to remit their pension contribution as well as tax deductions to the relevant tax agencies and pension managers.

“The Claimants reasonably believe that the mass retrenchment was target against them as married women, because about 97% of the staff whose employment were terminated and laid off are married women.

“The Claimants positions were immediately filled by single female and male staff.


“The Claimants while contending that the purported termination of their employments by the defendants was unlawful, also aver that their rights as married women have been seriously trampled upon by the Defendants.

https://m.thenigerianvoice.com/news/264624/counsel-establish-facts-against-globacom-on-sack-of-over-90.html
Politics › Re: Lagos Cable Car Network. Construction Starts In November.. by agabusta: 4:03pm On Mar 20, 2018
See Osibanjo in the pix. He would be calling Fashola your excellency during this time.

But now, na Fashola dey call am "Your Excellency".
Politics › Re: Electoral Amendment: Saraki, Dogara Lock Horns Over Plot To Override Buhari.. by agabusta:
ReubenE:
You write very well but sound very dull.
Is it not possible for you to make sense without making reference to the previous government?
Only foolish people refuse to draw parallel from past occurrences. There must always be a reference point in order to compare two or more entities.
Politics › Re: Electoral Amendment: Saraki, Dogara Lock Horns Over Plot To Override Buhari.. by agabusta:
Long but interesting report.

Time seems to be on the part of the president as the 2019 elections is just in less than 1 year.


People are just getting unnecessary emotional about this election sequence while ignoring the other valid points raised by the president in withholding his assent.

They need to go back and take another look at those bills. If they want INEC to conduct local government elections, it has to be via a constitutional amendment.

The president equally queried why 2 grounds for challenging the outcome of an election at an Election Tribunal was removed.

A lot of both readers and the media has not deemed it fit to reveal which justifications for challenging election results were removed to be able to establish if it will be in the overall benefit of the country or the NASS was just being selfish. This is even more important than the election sequence everybody is singing about.

It is quite ironical that it is the president they call illiterate that has been regularly communicating with the NASS on bills he is withholding assent while giving justifications.

I never heard of GEJ/Yaradua communicating with the house in this regard. For Obasanjo only few occasions.

GEJ simply collated their bills in one corner of Aso Rock and was enjoying his fisherman soup and kain kain. At a time, there was a report of almost 200 bills awaiting Presidential assent/assent decline. It was only the constitutional amendment he vetoed at the tail end of his administration. That was a credit to him I must say, as the amendments sought to water down some powers of the president, and he definitely cannot be there for ever.

They should go and work on the amendments with more zeal and give critical attention to the points raised by the president, otherwise the Supreme Court will just throw the Act to the dustbin based on its contradictory stance with the constitution.

There is even a subsisting Supreme Court judgment in this regard during the Obasanjo time.
Politics › Re: Ifeanyi Ubah Declares Intention To Run For Senate by agabusta: 6:33am On Mar 17, 2018
If gubernatorial ambition no set, and there is opportunity for another election next year, nothing bad in testing your popularity in order to represent your people.

The only disadvantage is that businessmen as law makers can be very selfish with their policy inclination. They are even better as Executive than the legislature.
Career › Re: GLO Sack Letter Based On Marital Status (Photo) by agabusta:
pedel:
fake
Not totally fake.
Career › Re: GLO Sack Letter Based On Marital Status (Photo) by agabusta:
AutoReportNG it seems someone is up to some mischief.

The above letter is different from the one that was first released on twitter when the story broke (Attached as copied from Twitter).

The part of the first paragraph has been adjusted to reflect "...due to your marital status.".

Every reasonable person should know that no company will ever write such nonsense on a dismissal letter.

AntiWailer what do you think bout this one from Twitter?

Politics › Re: Inside The Lagos/visionscape Deal That Costs Taxpayers Up To N85bn! by agabusta:
The letter goes on to read : “Consequent upon the above, this office would implement the monthly remittance of the gross sum of Seven Hundred and Thirteen Million, Seven Hundred Thousand Naira Only (NGN713,700,000) as a first line charge from the revenue account of Lagos State Government which is to commence in June 2017 and terminate in June 2027.”

The consequence of this is that in a 1 year period the state would spend N8.56 billion as guarantees for the bond and be on the hook for about N85 billion over the 10 year timeline on just this one transaction.
Take the five firms which brought the N27 billion Visionscape bond to market last year led by lead issuing house and arranger Eczellon Capital.
They earned N967 million in total from the deal or 3.85 percent of issue size, according to data from the information memorandum.

The big problem though for the State Government and its plan to reform the waste management process in the state is that the coming on board of Visionscape has coincided with a return of trash heaps and dirt across most roads and streets in Lagos.
“They have bitten off more than they can chew. This was supposed to be a wholesale change but it has now unravelled,” said Feyi Fawehinmi, accountant and writer based in the U.K.

“The other big challenge now is that the Public Utility Levy (PUL) which was supposed to fund this has not been rolled out and will be a lot more difficult to do given the current tax climate.

In the meantime the state Govt is paying Visionscape N1.5bn per month. So we need a lot more transparency around this deal and for the state to treat it as a crisis and find a way to walk some of it back.
“Lagos has gotten progressively less transparent today, they don’t even bother,” said Tunde Leye, Consulting Partner at SBM Intelligence.

“Under the previous Governor Fashola for example, even though the budget was not detailed, you could find procurement information on the LASG website (that’s how we knew how much he spent on the website or boreholes for example).

We know exactly the cost of building the Lekki Ikoyi Bridge. Compare to Ambode where we do not know how much he spent to build the Ajah flyover or anything else. Civil society has tried to invoke the freedom of information (FOI) act repeatedly but they have either been ignored or blown off. Lagos is very opaque.”

Politics › Re: Inside The Lagos/visionscape Deal That Costs Taxpayers Up To N85bn! by agabusta: 2:18am On Mar 16, 2018
Ambode is really messing up. I think it's time we test another party in Lagos.

Lagos is the only SW state that has been consistently ruled by same party since inception of democracy in 1999.

1 2 3 4 5 6 7 8 ... 77 78 79 80 81 82 83 84 85 (of 177 pages)