₦airaland Forum

optionalY09:
I don’t think these people are interested in helping us solve the problem they’ll only look at how the USA can benefit from all these trouble and since “one Nigeria provides an unending opportunity for the West to milk our resources for free. It would be in their interest to keep Nigeria as one country

The "West" would continue to explore opportunities both for themselves & the World whether with 1 Nigeria, 2 Countries or 3 Post Nigerian countries.

This is not about them being superior to us.
It's about how fast a Nation wants to go. Partner with them wisely like Singapore , South Korea & Japan have done or stay on the fringes like RUSSIA & North Korea like to pride themselves.

gasparpisciotta:
Words on marble:

Better spend your 50k on fairly used iPhone 7 than a brand new ‘chinko’ phone like -infinix and co.

With Iphone 13 here, It shouldn't be too long before Whatsapp & Co drop support for Iphone 7.

Besides, People don't ALL have to go the iOS way.
It's nice though.

vanbonattel:
Are you surprised?

It's only in Igboland, a place where evil is frowned at and efforts made to correct things that the community comes together to punish their youths in a bid to save them from a societal evil as drug abuse. The method might not be the best, but it's a way of drawing attention to the evil called drug abuse.

Other parts of Nigeria would deny the drug use, ignore it or collect government money and embezzle it all in the name of lying to themselves. They will even give it religious interpretations or start trading blames like, "is it not yoruba people that sell our fulani boys drugs?"

Igboland is the best society in Africa.

Hahahaha!

You just had to, didn't you?

ednut1:
For every bad news there are more than 1000 married people enjoying their marriages abroad. Both men and women do all sort of rubbish abroad.
1. No house maid abroad, yet you allow your wife to work and do all chores alone. Some even demand for fresh food. Wont she divorce you after

2. Some men have been beating the wife from Nigeria, the day you slap her here she called police. Is it not justified

3. You cheat without shame, she con do you strong thing. Is she not justified

4. Some bring women abroad and tell her to use your account as salary account. Then you give her a fraction of her own salary o.

The law favours women too because for centuries men have had the advantage. The system corrupts them too, they hear things, see things at work places and lawyers working on commission bases plenty. A woman is entitled to your house after divorce especially if kids are involved, na you go leave. Child support and alimony too dey. Who no like free benefits

Abeg i don tire for man and woman matter hahaha

Nice points. However, my 2 cents.

What's cheating shamefully as against cheating at all?

Secondly, when people say men have had advantages for centuries, do they realize that those men are dead? The women who are now enjoying the compensations too didn't suffer during those centuries. Different peoples suffering & rewarded!

yetunsbay:
Yes yet there exists relationship btw both

What's the relationship?

The relationship between Accounting & Banking is Akin to the relationship between Accounting and
Most other disciplines.

Focusmind:
Forget the degree and focus on your career. [b]All those science courses in our universities are waste of time. [/b]Nigeria's economy is not productive and diversified to absorb those from natural sciences. I am not discouraging people, but studying natural science courses in Nigeria now is becoming waste of time.

I studied Engineering but couldn't make a breakthrough to secure a place in the oil industry. I got offer with an investment bank, with good starting salary as a trainee after passing the numerous aptitude tests and interviews. I enrolled for ICAN, starting from the foundation papers and qualified. Did masters abroad in finance and have since, became authority in finance and accounting. Currently, I am on my own as a chartered accountant and management consultant.

Science graduates have edge over their art counterparts. As an engineering graduate, we are better placed to pass the aptitude tests because of our strong background in mathematics. Many of my mates that scaled aptitude tests had background in engineering and sciences.

So, learn as much as you could. Go to YouTube and read about your functional area in the bank. You have to put extra efforts. A lot of Bankers majored in disciplines out side the finance and accounting courses.

Lucky you. Once you are able to secure a graduate position in the current Nigeria labor market, just thank your God, as a good career path has been created for you to follow. Those not lucky will be moving from one contract jobs to another; from one low position to another. Please, utilise this opportunity to the fullest. Don't waste it or take it for granted. Use it to build your capacity for the future as learning is a continuous thing.

I am grateful that such path came my way when it did. It is always difficult for people to find their footings in the corporate world once they miss that opportunity of being hired as a graduate trainee in reputable firms like banks or multinational.

Good luck to you!

Hahahah.

But you should use generalizations carefully though.

The problem I see with most Nigerian scientists & Engineers is that they don't like to start small.
They also don't want to make sacrifices too.

Many Engineers made the same complaints you made too. Also justifying their not taking to business (Engineering) to lack of funds.

Guess what? When they were 6-7 years in banking and had made a few Nmillions they became [comfortable], lost their Engineering curiousity and pushed further into banking.

How much did Cyril bamford use to start JCB, what about Riese & Muller, What did Stephen Saad(an Accountant) know to create the largest Pharmaceutical company of African origin?

You may say these are foreign examples, fine.
Then what about Fidelis Ayaebae of Fidson pharma,
Gilbert Izodike of Cutix Plc (He left an established company -Raychem to create Cutix).

My point here is not that it is easy to create companies in science & Engineering space in Nigeria but that many Science & Engineering graduates lack the skills / curiosity to do so in the first place having only choosen these courses for PECUNIARY gains alone.

sammirano2:
Na una no let accountants and bankers see job for the sector. Which kind country be this one? Biochem for bank. Nigeria is AiregiN.

There's no relationship between banking & Accountancy.

An accountant can function in organizations as diverse as UN, NGOs, SpaceX & FCMG companies.

Actually the way many look at Accountancy & Banking surprises me at times like they are one.

My opinion- You should not just take it but think through - is that you don't remain in Commercial banking.

Commercial banking, unless you are sure of steady promotions is a commoditized career.

I would have said you should get a CIBN or ICAN but even that may not help if you stay too long in general banking. Unless if you are in a specialized function in a bank, the [technical] skills are hardly transferable. Specialized functions include: Legal,IT, HR, Treasury, Internal Audit/Risk or Accounts. These roles have equivalents in non-banking companies.

If you want to remain in Financial services Industry(but outside banking) Take CFA or CiiA (if CFA is expensive).


Funny enough, I find your industry very lucrative.
The Reckitt benkisers, J&Js, Unilever, PZ, Freslands etc. would not exist without good biochemists.
branding/Marketing spend are the difference between these guys & Nigerian brands. So don't cancel out going back — quickly too.

Financial services — Commercial banking— can become a very HOLLOW & Vapid industry. and when you're stuck it becomes hard to change.

abouzaid:
so you honestly believe that southern Kaduna have over 34, 000 police officers plus thousands of soldiers, dss, civil defense etc? We know they don't. I swear there's more than 50, 000 armed security officers in Anambra alone not to talk of other southeast states, we don't need them, we don't want them, let them be deployed where they're needed.

Don't you think you're over reacting?

The police you see in Anambra were this many due to IPOB's threat.
Typically in single state elections, Policemen are deployed — even in less volatile states.

2020 - Edo state elections - 30000 Policemen.
2018 - Ekiti - 30000 Policemen, ~4500 soldiers.
2021- Kaduna [LGAs elections] : 11000 Policemen deployed. LGA not even Guber!

My point: It's not new in Nigeria to deploy police during elections. What makes Anambra a bit tense is a no brainer(threats by IPOB etc.), otherwise it would have been like any other state.

Cheers.

abouzaid:
When they deployed over 34,000 police officers, why didn't they plan for their feeding? Here in Onitsha,helicopters have been buzzing non stop for three days now, tens of thousands of security officials, armoured cars up and down, the question i want to ask is, why can't all these forces been deployed against Fulani terrorists in Southern Kaduna? In Niger state? Benue? Plateau etc where they are needed, the entire southeast especially Anambra and Imo are over militarized while the North that needs it against Fulani terrorists are lacking, the south and middle belt should know that disintegration of Nigeria is the only way forward.

Without holding forth for this administration,
Do you think they haven't?

For one, besides the typical Nigerian incompetence,
Kaduna state alone is bigger than all SE States combined. That's one heck of an area. It's about 14 times the size of Lagos.

A few LGAs there are like states.

LesbianBoy:
You know one funny thing, forget all these noise, even if dem allow youths rule it would be worst!!!!

The country is not destined to be great so let's stop wasting our time. Japa if you have the means

Destined?

No one was destined to be great.

In the function of destiny, our actions play a huge role in our outcomes.

Iyaebe:
Read before you comment this small boy.He's the liability here.

He's not.

He said he is not broke but considers himself below the status of [her] suitors.

Everyone is almost always below the status of someone else.

Sebastine1994:
Nairalanders are Yahoo boys, what advice can they give you, I can't give you want I don't have.

You have a brain, use it to help yourself, what if there was no internet.



. am very enthusiastic about learning digital skills especially Data Science and saving up for that hoping to start in the first week of January



My brother, what you want is a magic bullet abi?. There is no magic bullet. Nobody can give you the answer, you have come to the wrong place

Try to use generalizations sparingly.
Nairalanders aren't Yahoo boys.

shigishege:
Does anyone even think all this opportunities this man has wouldn't have the "big men" backings?? To make it up to this man level, some powers that be must have a stake it it.

Not true.

From records, unless you choose to believe conjectures, the man has been in the UK since 1986. Fairly decent Real estate investor in UK, US & South Africa. Came back to Nigeria early 2000s.

He apparently had been a trader before his foray into Realty.

uptimum123:
Jagaban Borgu Our next President

Bola Ahmed Tinubu Is A Visionary Leader

A great Intellect

I just love this man

How is he an intellect?

I am sure he is clever politician but an Intellect? How so?

TripleOh7:
Interesting.

If not that she already has 3 kids, I for just ask, does that mean she's ready to mingle again?

The guy is no longer a senator after all, so...e be like say money don dey go small small.

Not that it counts but Ned never made his money as a Senator. Besides he was last a Rep member in 2003. He hasn't held any political positions of note since then.

Aufbauh:
Nigerians and their obsession for non indigenous professionals though.
I don't even know how they come to this skewed conclusion that every white man should be better than his black counterpart.

Actually, the average Nigerian is incompetent at his craft. This does not mean that there are no competent Nigerians. Look around you. It shouldn't be hard to spot incompetence lurking.

The top non bank (Nigeria banks are another story) Nigerian companies are almost all having foreign senior leadership.

Extremely hard to find well run Nigerian companies rivalling the likes of MTN, Airtel , Shell, Total, Nestle, Julius Berger etc, without expatriates.

God help us.

AntiBMC:
Oga, there's no point arguing about the region with the most military presence. Like I told you earlier, the north might actually have the most, but 80% of that population are docile "ex-terrorists cum soldiers" who let banditry happen and even help their terr0rist kin ambush the reliable 20%.

What matters is their activeness. You saw the video of security agents at idemilli right? Now, we the masses, would like to see such video taking place in Niger, Zamfara- where twenty soldiers were killed and roasted afterwards, Borno. These are hot zones with terrorism.

The country is at war! And as such, 89% of the security agents(especially the army and airforce) should be in the North, where the war is happening. Not sharing them equally across the 6 geopolitical zones as if, nothing serious is happening in the North.

How about sending 36000 police men to Anambra because of mere election, when kaduna would need such security more. Are they not wasting resources and chasing shadows? It's a charade. Call a spade a spade.

Calm down.

But there are several videos since 2012 showing onslaughts against BH in the north on YouTube. Vice news & Voice of America carried these a few times.

Your points are not nuanced. Hope you know that Kaduna state is larger than 4 or 5 SE states combined. That puts any military effort to a stretch.

Thank God you finally agreed that there's more military presence in the NE than SE. That was my point. I'm not sure but the slain soldiers here are more than likely going to be northerners.

By the way, the military showdown at Nnobi 2 days ago isn't really a big deal. Matter of fact, the Police was the leading arm on that exercise not the army (although they were part).

What's more? More northerners (soldiers & civilians) have died from the BH menace than any other group since 2011.

May God help us.

AntiBMC:
I put it to you that there's not.
If there were more active military presence in the North East, terrorism would not have escalated to this unmanageable disaster we have now.

And when I say active military presence, repentant Bokoharam terrorists turned military personnels aren't included.

So where do we have the most military presence?
You tell us.

dig64:
Buhari wants sharia
ISIS wants sharia
Shekau wants sharia
Boko Haram wants sharia
12 Northern states are already using Sharia

Igbos want Biafra
Nnamdi Kanu wants Biafra

Why can't Buhari and ISIS and Shekau and Boko Haram be allowed to have their Islamic Sharia country while Nnamdi Kanu and Igbos have their separate democratic Biafra country in their own land in peace?

What is wrong with Africans? Fighting and killing for things Europeans will discuss and settle in 20 mins.

A tad correction to your picture though (assuming he made the statement— not saying he didn't).
There was no APC in 2001.

AntiBMC:
It is finished.

So this is happening, yet security agents are busy, acting action film with bad scripting in idemilli, anambra state. Woe!

But it's not a computer game now. They can (the army) can be in both places. They don't have to be in one.

Matter of fact, the army has a presence in all six geo zones, always, as it should. There's objectively more presence of the army in the NE than SE.
What exactly have they done wrong here.

May GOD give fortitude to their families.
God help us.

thebosstrevor1:
We are not saying the same thing. Are you considering the fact that 1 person might have 6 accounts in different accounts with significant amounts of money in them.

For instance, Some people might have 10k in one account and 500k in another account

That makes it even worse.
Meaning if they use unique account names i.e. BVNs, much smaller % than 0.6% would have 500k & above.

I assumed a more optimistic estimate of 1 account pers person which I know is not true. It's much worse with BVN.

thebosstrevor1:
Every account holder are insured by the NDIC to the tune of 500k. That is the law.

If armed robbers rob a bank and steal depositors money then you will be paid back any amount in your account as long as it does pass the NDIC insurance threshold of 500k.

E.g If a depositor has 600k in an account, imagine, armed robbers steal his money from the bank or the bank gets bankrupt, he would be paid insurance on only 500k, his 100k is gone and won't be paid.

Correct. We are saying the same thing.

This statistics was supposed to be about deposit insurance. It just happened to show another phenomenon also.
Which is a fairly shocking poverty level.

LordviccoDaGuru:
It's a welcome development, Buhari will remain in power beyond 2023, a planned deal has been made ahead...

Anyone that stands to come against this we'll visit them with war.

If that (what you have alleged) doesn't happen what does that then make you?

thebosstrevor1:
No you are very wrong.

Every depositor in commercial banks are insured by the NDIC to the tune of 500k.

People who have more than 500k in their bank account are not insured by the NDIC because it passes their insurance threshold. About 0.6% of account holders fall into that category.

For instance, if you have 600k in a bank account, you are not covered by the ndic insurance policy. In situations like that, you create another bank account, whereby you keep 500k in one and 100k in another, that way you get insured by the ndic when the bank goes bankrupt

Virtually ALL commercial bank accounts are insured by the NDIC. With the following (laughable) exceptions. banks don't even have a choice.

Which of the exceptions below are you implying.

Ogaboss44:
Nigerians and misinterpretation, not having up to 500k in your bank account doesn't mean you are poor.

Some Nigerians prefer mobile banks, some are into crypto investment like block chain, while some prefer street ways of saving money(if you know what I mean)

But virtually all your 'mobile' banks have commercial bank accounts.

Almost no company maintains non commercial /community bank salary account.

Matter of fact, all Fintech banks have somewhat limited operations as per their transactions today.
Hopefully this improves. But...

Mayeldah:
I think the headline is different from the article itself. I want to believe they meant that only 0.3% of depositors are not covered up to the tune of N500,000 cover in case the banks liquidates. There millions of accounts in Nigeria with millions in it.

Don't get it twisted

It's the same thing. All bank accounts are covered with the NDIC to the tune of 500K. Meaning the exposure to losses are those over the insured amount AKA 0.6%. the rest of the 99.4% are fully covered. Meaning, less than 500k.

Don't feel too sorry though, the top 10% of that 0.6% would be accounts > 100m - billions likely.

Chriswazo:
Really. That's 750 Eur.
I don't believe this stat for business cities like Aba and so on.

In simple terms, if U have even 20mil in a bank and it liquidates tomorrow, U can only get 500,000 naira back, this is a very low sum honestly, coverage should be up to a mil at least.

If you don't believe the NDIC, who do we believe?
Me & you?

Look at it this way, there are ~79.3m active bank accounts in Nigeria (2019, per statists.com).
If 99.4% are =<500k, it means that 0.60% are above that number.

Well, 0.6% of 79.3m is about 475,800. Pushing this numbers up a bit to 1% of 80m account = 800,000.
Is it hard to think of that only about ~ 800,000 accounts (not people) have > 500k? Shouldn't be.
I mean this is a Nigeria where affording a fairly used washing machine puts you in the easy middle class. A 2017 Honda CR-V (Tokunbo)? You have arrived to all your neighbours.

Most Nigerians aren't rich. We'll know when we are.

zainabicy:
Please note that having money in your account is different from your worth. Many salary earners who earn top salaries are involved in building projects e.t.c and other businesses that means you just keeping money in your account might not be worth it.

So no be say people no get money o, but them no just dey keep am for account.

The ability to muster up liquid assets (cash) quickly is also telling of a person's financial well being. You don't want to be looking for a buyer for your land if a severe sickness hits. Or children need to pay high fees.

Most of us are a sickness away from being bankrupt.

May God help us.

BlackPantherxXx:
Interesting animal rights angle.

But I would favour tourism here over hunting and eating animal species to extinction.

Me too.

Unfortunately, Nigeria is a poor country(or not a rich country).
Feeding (basic needs) still rank high for many people. So no show.

BlackPantherxXx:


Poor animal ...landed in the wrong place.

Bayelsa with just 9 LGAs should be like Dubai (correction - Rivers State not Bayelsa. But still...).

They can have a marine conservatory/ aquarium.

Keep dolphins and manatees there.

Charge NGN 1000 - 1500 per visitor. 2000 during festive periods.

100 visitors daily = 100k. During festive periods 500 visitors = 500k - 1 million.


But our guys.... peppersoup first.

[img]https://c./MR3nv3lytYQAAAAC/ibu-eating.gif[/img]

PS - I was at the Dubai Underwater Zoo in December 2020. I alone spent 50k+ with my babe. Ask around, there are ways they easily bleed you out of your money.

Some PETA advocates are against the practice of caging sea creatures for entertainment too.

Ultimately it is a case of relative /subjective morals.

I say everyone does whatever they want to wild animals.

Depressed101:
so the goal to kill, maim, and kidnap Nigeria doesn't exist? Keep fooling yourself, IPOB was proscribed terrorist organization even before ESN was formed..

That's because they had a secessionist AGENDA.
They also threatened violence.
They repeatedly said that they did NOT RECOGNIZE the Nigerian government.

Those are, well, Terrorist characteristics by the International definition not me.

Agenda is key here.

The Gangs that engaged in Kidnapping in the Southeast in the 2010s until they were nullified, were they terrorists?