₦airaland Forum

Please help me enlighten them oooo

deenee:
I hope you are aware that he has other sources of cash flow. So paying down on debt used to finance the refinery won't be a problem. He owns 85% of DangCem in Nigeria. 100% ownership of 10 other cement factories across Africa. 90% ownership of Nascon and Dangote Sugar respectively. Impressive real estate portfolio that gives good returns and a family office based in Dubai for cross border transactions.

Dangote Cement in Nigeria alone is a big cash cow and very profitable. And he has cement factories in 10 other African countries generating about 3.5 billion dollars in revenue annually.

The repayment was from other investors that bought into the refinery project. For example NNPCL bought about 20% stake in 2021 for about 2.7 billion dollars .

Other institutional investors have bought stakes in the refinery giving them equity ownership and proceeds from which have been used to pay down expensive debt.

Apparently alot of people don't understand how capital allocation along the lines of debt and equity work in a business. More importantly when to use debt vis- a- vis equity

Even if yall take the refinery from him. He is currently discussing with two countries in Sub Sahara Africa to build the largest cement factory in that jurisdiction.

God bless Nigeria
God bless Dangote

Public fund paid into a private account of an individual who is neither a legal beneficiary nor a legal representative of the beneficiaries of the fund.

You don't have to be a lawyer to know this is illegal. All those involved must be jailed.

That ministry of humanitarian whatever is a disaster itself and a cesspool of mind-boggling corruption. It should be scrapped. Nigerians are better off without it.

LoL. After reading Atiku's message I was just thinking in my mind that someone will make this comment. I am not disappointed.

3ice9ce:
Peter Obi always allows others take initiative before him.
Seems he must get permission from Atiku before talking.

N50 billion to build flyover all over Abuja I guess

Stupid organisation giving stupid excuses. That undercover reporter deserve an award. Decision makers in our education system will sit up going forward

Terrorists lo kan

Tonytonex:
off course it's true. And kidnappers also add to it. POS operators and kidnappers hoarding the cash. Hence the scarcity.

Hmmmm!

dominique:
These POS people are the ones responsible for the naira scarcity we're currently experiencing. They're the ones mopping up and hoarding all the cash used by traders and customers hence making it scarce so that they can resell at high profits. I hope the government regulate their activities ASAP.

Interesting

We are not saying the same thing. There is a difference between being 'tired of toto' and being able to control your sexual desire at all times.

The tiredness may be because you no longer find your wife sexually attractive but the desire is always with you and can be aroused anytime you find a sexually attractive lady.

By the way, if you are going to be 'tired of toto' eventually what is the point of rushing into marriage mainly for the purpose of sex. It doesn't make sense

ppogba:
You are speaking as an unmarried fellow.

Which sexual desire are you talking about?

Put wife for house na then you go no say TOTO dey tire person.
Not even talking about 3 or 4.

skj1377:
Two problems at a go. This man may not have any energy to achieve anything in life.

Bitter truth there

matm:
Good.Unfortunately, marriage does not stop burning desire for illicit sex.
Ask married married men and women why they kpansh shamelessly outside like dogs.

That is what many people don't understand. If you can't control your sexual desire while single you won't be able to control it even if you marry a thousand women

That only happens to a man who marries a psychic vampire as a wife.

Way to go. The future of all currencies is digital and crypto. I am seeing a future where paper money would be banned and everybody would be using digital currencies and cryptos

I get your point. But you are limiting your perception to the amount he could earn from salary and other bonuses and allowances in the course of his career. But I am looking far beyond that.

You need to understand that we live in a very interesting time where a nobody with seemingly no connection can suddenly wake up tomorrow and discover he his a multimillionaire! Without committing any crime! If this can happen to a 'nobody' what do you think can happen to a person like Emefiele with his status, powerful connections and access to privileged information? Although I am not saying the man is clean but I insist that he can make that $500 million and even more, legitimately through investment and several businesses.

ppogba:
Sir,

Without stealing and the rest atrocities, if you are given birth to in a bank and you follow the same trajectory as Emefiele, 500 million dollars CAN Never be a chicken change sir because there is no way you could have earned that throughout your sojourn. Claiming to have the connection to have acquired same is tantamount to " stories".

DrDoc:
What work does Emefiele do to earn liquid and expendible $500m?

This your question just make me laugh. I don't know why I find it so funny.

$500 million should be a chicken change to a man who had been in banking industry for years rising from the lower rank until he became Zenith Bank MD and finally became a CBN governor, don't you think so? At the level he got to in life, and considering the kind of network he had, he could easily spot investment/money making opportunities that can easily fetch him that money.

By the way, what makes you think the $500 million used to buy Union Bank was Emefiele's money

Ajmoziz:
Ohhh I am here for you

Here it is

https://www.vatican.va/roman_curia/congregations/cfaith/documents/rc_ddf_doc_20231218_fiducia-supplicans_en.html#

Thanks. I will go through that

Ubenedictus:
5. This is also the understanding of marriage that is offered by the Gospel. For this reason, when it comes to blessings, the Church has the right and the duty to avoid any rite that might contradict this conviction or lead to confusion. Such is also the meaning of the Responsum of the Congregation for the Doctrine of the Faith, which states that the Church does not have the power to impart blessings on unions of persons of the same sex


should I continue?

You can continue but I will still need to know what the pope actually said.

So what did the Pope say then?

aikyg:
We all agree that Bunari approved it, but you should have borrowed a leaf from how Okonjo Iweala managed her principal. Madam has a way of saying "No" whenever the she sees that the president is on a wrong track. If only Emefiele had respectfully said "No" to Buhari, he would not have ended up being accused left right and centre.

This is one of the very few sensible comments on this thread.

Emefiele may not be clean but I refuse to believe he is the most corrupt CBN governor we ever had. The guy's major weakness was his over-submissive attitude to the powers that controlled Buhari's administration. Unlike Soludo and Sanusi, Emefiele seemed to lack firmness and willpower to say 'No' to most of the irrational and illegal demands of the presidency thereby allowing them to put him in the mess he finds himself today.

And the so called private investigator needs to do his job with a clear mind that is not influenced by any preconceived notions and ill-feelings

Billion. As in, 9 billion US Dollars stolen by a single person and that can't be the only money she stole. There are others. People like that need to be executed to serve as a deterrent to other corrupt officials.

You guys should stop all this noise about Lagos 'waxing stronger' (whatever that means). A state that owes the highest debt in Nigeria and is ranked the 2nd worst place to live in can't be said to be waxing stronger.

Lagos was already a rich city even before Tinubu was born. And we all know that the state has the potential to be 10 times greater than what it is today if not because of corruption and mismanagement of resources belonging to the state.

Godfullsam:
And the same lagos is still waxing stronger and stronger every day so much that it has become you people's paradise.
You better look for tinubu to come and milk your states too. Those milking your states are worst than tinubu, that is why your region is no making much progress.

That is the spirit.

Wow! I LOVE, LOVE and LOVE this River State people mehn.

Thank God men are also included. If not, I would have dragged her to court.

No be only women we go dey remember all the time.

Benwallt:
Two of the beneficiaries, Chief Dim Nnakife and Dame Evelyn Dike, thanked the president’s wife for remembering the poor

https://tribuneonlineng.com/tinubus-wife-doles-out-n100000-each-to-250-elderly-people-in-anambra/

It's very obvious from your comment that you know nothing about state of emergency, the circumstance that makes it necessary and the kind of person that can be appointed to govern a state under the state of emergency.

You guys should stop embarrassing yourselves by saying things you know nothing about.

simpleseyi:
The President intervened as a concerned citizen who wants peace. He was publicly begged by the Rivers Elders who are loyal to Fubara to intervene. If he wants to intervene as the President and Commander-in-Chief , he will just declare a State of Emergency, and appoint a Sole Administrator.

If he appoints Wike as the Sole Administrator, the National Assembly will approve it. Anybody wey wan die, make e die, the President has spoken. This was what Wike was working towards, that was why he went to Rivers State to cause himself to be attacked and chaos will start, but Tinubu cautioned Wike to let Fubara be. If not, Nyezom Wike would have returned as the Sole Administrator of Rivers State and INEC will conduct another election which will be won by Wike's new stooge. Una go cry tire

If it were Nigeria CBN governor would simply print the money and use it to buy any property of his choice.

That's my baby

[quote author= post=127455270]"Today is my last day on earth. I going to meet my maker."


https://www.facebook.com/100075242645302/videos/736180511733299/?mibextid=rS40aB7S9Ucbxw6v[/quote]Don't worry bro. Your maker will send you back to earth to pay for your foolishness

I'm not satisfied with this post. The National Assembly should either stop her from going on such trip or if it's a trip that will add value to the country the amount should be drastically reduced to maybe N20 million or she suspend it. Merely questioning and rebuking her is useless if she still ends up spending such an amount

Nice one wizkid.

Although not the right way to empower the poor I love the energy anyway.

After music the guy should go into politics.

Is she ready to marry a short man now? I can bet she must be one of those empty-headed morons who says they can only marry tall men.

I wish these idiots realise that there is a stage a woman will reach in life where no man (tall or short) will care about their existence anymore.

Mekanus:
You just wasted 5k+ to buy a whole lot of junk.

Really? Can you advise on what he should have bought instead? At least some people may learn

Truvelisback:
Does one's height bring food to one's table? How is one's height a yardstick to one's survival?

LoL. Funny question. And a good one too.

Yes. In some situation one's height can bring food to one's table o! Men who are both tall and handsome can easily attract rich sex starved ladies for sex and companionship and get paid handsomely! Na them be gigolos and playboys of the earth. And of course, there are some profession where being tall is a major advantage.

However, only fools place more value or emphasis on physical height alone. A very tall man who is spiritually empty and has zero brain power is not better than an animal. The shortest man in the world who is a mental and spiritual giant will rule over tall men and tall men will serve him any day any time.