₦airaland Forum

How is it something worthy of my time to understand a corrupt kleptomianiac with past traces to narcotics and currently turned a CIA asset working against the interest of his country?

I initially thought you were intelligent enough. Your standard for brilliance is too low.

How is it beneficial to me to understand the complexities of the Nigerian problems caused by the selfishness greed and misrule of the politicians?

I will rather spend my time and energy in moving myself and family to a saner clime than waste it on understanding nonsense. That is for people like you

Tinubu has been found out not to be brilliant as a lot of you claim. Someone who cant address a public gathering without spilling incoherence and rubbish or attend interview unless it is being doctored?

UltraSolid:
You don't understand Tinubu, nor do you understand the problems of Nigeria or how institutionally deep such are, so I don't expect you to grasp the solutions he has opted to adopt. Have a nice day Bro.

Lol.....dont shift the goal post bros. You are the dumbest buffon on nairaland. Again, I dare you to search here with your username and see everyone that ever responded to you came to just one common conclusion within minutes.....you are a buffoon.

Oya respond again, we want to confirm if you are a buffoon or not.

DaddyCoool:
😅Nairaland's Mr. FOOL, bros read what you just posted. All those your "friends" on an ANONYMOUS forum😅🤣😂, why don't they help you with spelling and grammar??

Intellectual brilliance and Tinubu dont go in the same sentence. You might have gone away with this statement before 2023 but from all we have seen so far, he is not brilliant nor intellectual .

UltraSolid:
Precisely. These guys underestimate the sheer intellectual brilliance of Tinubu and his readiness to stand against even those who were previously staunch allies once he believes in a cause.

What desperado Northerners do not perceive is that Tinubu is succeeding showing the likes of Kwankwaso, Atiku, Ndume and many others as lazy, over-privileged and entitled supremacist and hegemonists who only care about the retention of their elitist privileges and not what is best for ordinary Nigerians.

So begin the destruction of these people as "enemies of Nigeria" in the eye of ordinary folks and talakawas. Let us see who wins in the end.

He is not wanted there. He is just going there to gatecrash. No one recognises him.

These are all lies.

Lol....when you sre foond out to be of low intelligence and low self esteem by those fsr suortior to you, you resort to underhand tactics by e.g. bribing administrators to ban others. I dont care about that. Banning me does not change your reputation as the one of the dumbest posters on Nairaland. You are known. I challenge you to search with your username ans you will see how terribly others rate you here. You have aown the seed of your stupidity across the entire forum such that others oerefr to ignore you.

You are not only a buffoon and a public nuisance, yiu also have low self esteem, that is why you coukd be coming to a faceless online forum to tell everyone what you are(we know you are a lowlife hiding somewhere in Nigeria with no tangobke achievements).

As for your threats of ban, you can go ahead. I dont live by Nairaland. I have friends here who joined Nairaland and exited the same day because of the brazen buffoonery and childish posters like you. They have always wondered why I have remained here. You can help hasten my exit here by reporting this post for or bribing your way to permanent ban me. There is little wonder why Nairaland have gone down so much in popularity.

I reiterate it, you are one of the dumbest and low self esteemed poster on this forum. Until banned permanently, i will make it a mission to hound you on this forum everyday. That is a vow.

DaddyCoool:
😅Nairaland's Mr. FOOL, you still talking?? You are still banned in Travel, already told you, watch out or next time you'll be banned for good!
Who is "we"? You and the lice in your hair and bedbugs on your bed?🤣😂

Lol....when your isea of importation is limited to only bags of rice and food, it is easy to know those you discuss with and the limitations of your reasoning.

For some knowledge, in mid 2023, CBN removed the prohibition list that was put in place by Buhari, which means you can import basically anything so long as you can source for the forex yourself. If you go to the ports today, importations are still on going. And do note that importation is not done only at the land borders, you can import via the sea and air borders too so closing the land borders does not amount to banning importations.

The President did not ban importation. Simple.!! Have you learnt something today?

Tayorshd87:
U are d illiterate here ...

Why did we have extensively high rate of inflation of food apart from subsidy ??

Did they tell u d borders are open for importation?

Yet u see foreign rice everywhere but that's due to smuggling ...

When Buhari didn't remove subsidy are d borders open for rice to flow easily in Nigeria with a normal price ??


U are d matured illiterate and unenlightened fellow as a Nigerian citizen Kai

Shame on YOU

Big Egbon with no sense. Lol.... we are happy for you to keep disgracing yourself here. I am now fully ready to do this community a service and haunt you and your ilks out of this place.

Oya, respond....i want to confirm something

DaddyCoool:
😅🤣😂Nairaland's Mr FOOL is baaack! Welcome back Mr FOOL Whatch out though, your idiotic mouthings could get you banned for good next time

Lol....whose name is closer to the word between us.

You are well known here on nairaland and Inwill jenceforth make it a duty to let everyone know about your reoutation on every topic you respond to.

DaddyCoool:
Nairaland's Mr FOOL, bros how market? How long is your ban?🤣😂🤣🤣😂🤣😅

This is ether a blatant lie or an attempted blackmail gone wrong.

Youbare wrong again.

The only two markets relevant to the topic are Nigeria and the UK and in both countries the principles are the same. They could never have asked younfor xlarigication on the mortgage principles of Gambia, China or Ukraine. So in this context, there is no way you could have mentioned anything different from the principles that play oj both countries and refer tona different thing. In both countries you do not lose your contribution/equity if there is foreclosure and there is a balance left after deducting the balance of the loan, taxes, penalties and selling expenses. You advised wrongfully.

Taxes are completely different and can be understood, even within a coutry like USA,Canada, and Germany, you have different taxe rules in different states,provinces and regions. So your using tax rules as an example to buttress your wrongful advice is illogical. No school will teach you that.

Vision101:
So someone that asked a simple question in relation to a post online rather than give a general overview to enable the person see through a pigeon hole, I should rather dish out all technical details without knowing the person's background?

Maybe when the same person asks me simple question on taxation online I will go ahead and load the person with all the tax laws and practice that I know without knowing the background of the person that I'm speaking to?

You are probably in the same bandwagon with him. Where is the proof to indicate that?

The last economic data released by Lagos state Ministry of finance stated that 36% of the state's internally generated revenue came from Personal income taxes and that could have been people living all around different parts of Lagos. Another 17.4% came from tolls and collections from markets and roads tha we all know are more abundant on the mainland. 43% came from property taxes(including land allocations)iof which Ikeja GRA contributed the most in terms of value

So where is the 70% specific to Lekki axis alone coming from?

Owaincouncil:
You may be the one here to be called that name. He said 70% of Lagos income is coming from that axis.

The dude is just seeking for attention

Great100000:
Source: https://saharareporters.com/2024/11/14/adegboruwa-asks-lagos-governor-sanwo-olu-tackle-lekki-epe-expressway-gridlock

If that is the area of your study and that is what they taught you, go and seek for a refund immediately or maybe you learnt wrongfully.

Everywhere and over the world, that is the same principle. When homes are foreclosed and sold, the remaining equity is returned to the contributor after deducting outstanding mortgage loan, taxes, selling fees and penalties. The contributor can only lose out if the house lost value and all other deductions I highlighted above exceeded the sales proceeds.

Vision101:
Who is misleading who? You are talking about the law applicable in one country and I'm talking about general application of the principles of mortgage because this is my area of study.

This guy must be daft. With saying Lagos resources came from the Lekki axis alone. He must be dreaming.

Where did Lagos state get money to develop the Lekki axis, whcih was a swamp before now?

I read this topic from 1st to second page before I stopped. I shudder at Nigeria's future.

Here you have people attacking themselves online on behalf looters who are busy carting away the commowealth of the people to stash abroad on a daily basis, yet, the best these Nigerians on nairaland can do is to attack one another on which of the looters is better.

It is over

What are you writing? Did you read it over again?

Floated....devalued...floated...devalued....all from government sources. By this you have admitted it was devalued and not floated.

If were you, I wont go with what the government says or any propaganda out there to convince the gullibles since we know the government has not been that credible with information. I will prefer to go with what more reliable sources like IMF(called it out as "systemic devaluation" in their March 2024 report) ,Reuters(called it "devaluation" the Economist(called it reckless devaluation) Financial times(called it devaluation), International Corporations(MTN and Nestle called it out as devaluation in their annual reports), International business leaders(Dangote called it devaluation and not flaoting in his 2024 AGM speech),

Again, we can decide this by you listing out the features of a flaoted currency system and tick the ones that make what CBN is doing currently a floated system.

Kobojunkie:
Rubbish! Your very own government has ADMITTED to floating the Naira in 2023. Free-floating is the only way to get the Naira to free-fall the way it did back in 2023 under Tinubu.
It was only after the currency kept running off on its own—it reached about Naira 2000/$1 at some point— that the country decided to switch strategy back over to devaluation... pegging it back .. unfortunately, it has lost billions of dollars in its attempts to do that. I recall we realized by March of 2024 that the CBN had removed over $1 Billion in a space of days from the Foreign Reserves to force the Naira back to less than $1200, however, that didn't last long.

2. Worse, Nigeria continues to claim that the floating of the Naira had to do with the IMF which instead suggested since during IBB days, Obasanjo, Jonathan, and even Buhari days that the Naira be devalued.

This has been argued many times here and those who started by saying it was floated eventually either agreed it was devalued, resorted to insults or quietly faded away. I will be more than happy to take you up on that again.

Naira was devalued, as called out by IMF in their March 2024 Directors/Partners report.

Maybe you can start by letting us know the features of a floated exchange rate system.

No floated system has the Central bank selling USD to a set of people at different rates.

Kobojunkie:
Floated, not devalued... floated!

Wrong!!!
So long as he has made a down payment snd paid some contributionss towards his loan, it is jointly owned. Read the Mortgage and Finance act. If house is foreclosed and sold beyond the outstanding mortgage loan, he will be given his share. Read up before misleading people.

Vision101:
The mortgagor could be an individual, a company or a bank. Primarily the mortgagor is the owner of the property until the mortgage is fully paid. For example a bank can fully pay for the property from the original owner and allow the mortgagee to be paying instalmentally. In this case the bank is the mortgagor.

It's my pleasure and you are welcome.

Lol...coming from someone that is regarded as Nairaland's Mr FOOL, I am not surpised. The whole forum is sprawling with bits and pieces of your foolishness and buffoonery on so many topics.

I was informed via a PM that you are an elder in your late 50s, yet you still post like a dunce.

Oya, tell us what 2nd ans 3rd mortgages are.

.

DaddyCoool:
'Cause I don't think you even know what would be an appropriate credit score.
I honestly don't think you know much. Just trying to front. Unfortunately you're dealing with someone who knows these things inside out.
😅Second and third mortgage! Doesn't even know what he's saying!

You sound more stupid. I even thought you had some form of intelligence albeit, very little.

To start with, why are you prophesying negativity into thr young man of missing payments? For me, I am excited that he is making progress in another land, something he might never have had if he did not make that choice of moving from the dream killing society. Millions of Nigerian youths are praying for such opportunities everyday. Be happy for him and wish him well.

Secondly, he has more chances of not missing payments in that place so long as he is employed. In fact, the more he progresses the ore he has the chances of paying off the mortgage earlier if he is prudent. He has made the right choice. Do you know how many Nigerians will want that opportunity to even have a mortgage they would not mind paying for life at 3/4%? Mortgage rates in Nigeria was 28% as of the last time i enquired.

Finally,if he even misses payment and the house is foreclosed, it will be sold and his equity share that he has contributed will be given to him. Which is still an investment. They don't foreclose houses and take all away unless the house and land it was built on had so depreciated in value and we all know land dont depreciate.

What you have written makes me doubt whether you even stepped out of your village because you have displayed a poor understanding of how a mortgage system works. You couldn't have been in the UK for those years and still presume that once he misses payment he will lose all. I smell envy and bitterness.

bdon123:
If he repeatedly misses payment deadline d house will be repossessed.Wit all ur intelligence wetin u don achieve n where dem know u for this life my friend?

Did Nigerian president stop importation? Really?

I did not know. Oya, prove it to anyone that the president banned importation. Olodo!

Now I believe you listen to skunks and kolo people. The Alaba market people are better, they know nobody stopped importation, naira was just stupidly and needlessly devalued.

Some of you that come to comment on Nairaland are worse than illiterates. Someone in your family should collect your phone or stop subscribing data for you so you stop disgracing them publicly like this.

Tayorshd87:
Ok I should leave alábá gist and d likes alone .

So u think the president just stop importation without professionals in economist or great advisers even during Buhari s era?

So these advisers too are listening to alaba market gist too Abi 😂 or u know economy than them 😂😆

Continue fooling yourself ..

Nope! You are not.

CodeTemplarr:
You well so?

Lol Daddyfool!!

What gibberish is he typing?

Asking for my credit score online. Do you have a brain at all? How is that a point of discussion?

In fact, you are the dumbest person on this forum right now.

DaddyCoool:
Instead of humbly learning you're busy spouting nonsense. Credit score is private, is this not an anonymous forum? Find out what a HELOC means. It will help you understand what is meant by second mortgage (and no, it doesn't mean whatever you want it to mean!)
Where did I say credit is evil? There is good or bad credit, depending on what it is for. If you use the loan for "fast car" and "luxury" (as you said) it is bad. Different when you use it for an investment that'll make you money

Laughable. Trying to put the blame on IMF after a clueless approach to reforms.

Produce what?

CodeTemplarr:
They are, and were right to do so. After taxation and subsidy removal, there is something called production which we have ignored since time immemorial.

IMF always spot on.

They called it out in March 2024 that Naira was nit floated but devalued. That is ehy they have refused to give the Tinubu government loans

While some buffons were busy shouting "naira was floated" echoing the rubbish propaganda from the clueless administration, IMF called it out as systemic devaluation of naira. Now theyvare calling it out noe that the reforms are being poorly implemented.

.daft....credit score is a private info.

The second mortgage i meant is people who got their second houses here using mortgage. It can mean anything else to to you i dont care.

Why am I surpised though. For someone who thinks debt is evil, your IQ picks itself out as a low one. Lol!!

DaddyCoool:
😆So what is your credit score? And what do you think "second mortgage" means? Google it.
In short I KNOW you don’t know what the heck you're talking about

This exposes your buffonery and clearly support those who state that travelling overseas or studying overseas is compeltely different from being intelligent. Heck, even semi retards travel all over the world too.

So long as he contributed a downpayment, he is a part owner of that house, by equity, no matter how small that is. Even if he did a mortgage, every repayment builds towards total ownership . To that extent, he is free to call himself a part landlord, according to the law(even if that is on mortgage terms). So what is wrong with what he stated?

Your myopia and poor esteem is what made you highlight your itinerary all over the world, we did not need all of that and clearly was not necessary if you had been a bit more intuitive in reasoning

bdon123:
D problem wit people like u is u filled wit hate so u might never even make it.I hav lived in d uk for over 5years n had my higher education there.I hav also been to over 20 countries world wide becos of my job.I hav never stated d uk i bad or anything as such bt only telling e xcept that guy is some special genius that government or some company decides to pay him in 100k pounds he can not buy a house in UK cash.Its a mortgage simple.so dont say u bought a house wen u still on mortgage.u said two of us no be mate becos hes abroad....d kinda low IQ individuals on nairaland is really alarming

Why so bitter? Pray for the youngman to be able to pay it.

And why assuming his life will be pathethic after 30 years?. Yours could even be worse. If he remains abroad for the next 30 years and you remain in Nigeria, he is more likely to outlive you going by the differences in life expectancy indice, access to good life/ security and medical system if bithe countries. In fact you are more likely to be long dead before he finishes paying the morgage going by current indices of both countries according to UN.

Also, if you are not dead and he finishes paying it in 30 years and sell it(Naira should be about N1,000,000. 00 to 1GBP then) he would be able to buy 2 houses on Bourdillion where your current drug/looter lives. You are more likely to have moved back to your village at the rate Nigeria is projected to deteriorate in the next 30 years

In 30 years, he is likely to have become a citizen(with its attendant benefits and obvious value of the passport), with opportunities to rise higher and have his talent recognised without tribalism, religious bias, nepotism intolerance and chaos( hello Kemi Badenoch and other Nigerians doing wonders in various parliaments across the saner societies)


Look at yourself and pity yourself more rather than bitterness at a youngman's progress and achievement

Blazebond:
Stop being ignorant,he is not going to enjoy paying that mortgage,the thing with us outsiders is that we never think before wasting our money on fruitless ventures,in 30 years time he is going to start thinking about returning home and that is when he will realize that he messed up by wasting his time paying mortgage for a pathetic house in a country and environment that fools you into believing that you are happy.
Note: he won't even finish paying it in 30 years Time.