₦airaland Forum

Theflint1:
Lol, SIM don use Wike mouth knack ground

In the video of the militant “ general Asabuja “ I watched , the guy say ; ‘ No be Wike carry red biro give Fubara make he Dey sign make we Dey follow am ? …. Whether he like it or not Fubara must continue to Dey use that red biro Dey sign and we go follow am ‘

Omo! Strongmen too plenty for that state abeg.

izzou:
[color=royalblue]I am not doubting his success

I'm just asking how he can maintain that while attending to the needs of 40 women and children respectively

40 sounds like an exaggeration[/color]

I don’t think it’s an exaggeration o.

One woman we once worked together , she narrated her encounter with MKO as a young lady. She said that was when she actually knew MKO likes women a lot.

She was a teenager who had not clocked 18 . The man came to air force base where she was staying then and the man just Dey shine eyes the moment she greeted him as an elderly person o. You know MKO stutters when he speaks , she said the man just Dey vibrate Dey talk “ ba ba bawo ni my dear…”

She was innocent and didn’t really know baba was making overtures at her . It was later she realized baba picks up wives as easy as that. He’s always on guard to pick wives as random as that.

GloriousGbola:
It is very rarely that the pikin has the traits the dad used to build the empire in the first place. Abiolas drive came from a childhood in poverty. Kola was born to one of Nigerias richest men. It is a conundrum oyibos solved by giving handing the company to competent hands while giving the children controlling shares in the company. But that model cannot work here sha.

I am not sure there is anything left of Abiolas legacy as it is. I mean hafsat Abiola took a role as albino puss-y of kogis campaign dg.

https://www.nairaland.com/5240761/tinubu-asked-abacha-make-him

Kola seem like a guy who was not in support of his father’s political ambitions . He seem like a guy still angry with his dad for listening to political praise singers who sweet-talk him into the presidential ambition

Kola most likely enjoyed the life of the son of one of the richest men in Africa . All of that was disrupted wby the June 12 saga. He was most likely living far better than Dangote’s kids now back in the days .

I feel for him sha .

GloriousGbola:
He is not saying anything we don't know. Abiola had a lot of wives and a lot of concubines.

He has obviously missed out on the bulk of the man's fortune and has now decided that soiling his fathers legacy for clout is the only way he can get back at Kola and co

This is also the legacy of polygamy.

Kola Abiola did them bad jare.

I bet u haven't read Kola's interview about his father, June 12 and Tinubu . Kola literally called out Tinubu for begging Abacha for commissioner job under Abacha's government. (Well, that is by the way).

I think Kola being the guy closest to their Father and was of age gave him an advantage which most of his siblings feel he has used to his own selfish advantage while neglecting them.

I honestly don't know if Kola is being wicked or the rest of his siblings are being entitled. But that is the legacy of polygamy as u have rightly posited

izzou:
[color=royalblue]Years back, i was on a team to design a solar powered system for MTN sites. John Holt was facilitating and financing it. We started and finished it at their HQ in VI

We finished the project but a lot of factors didn't let it see the light of day.

That was the first time i knew people were benefitting from Diesel supply/theft both legally and illegally[/color]

Things are not usually static in situations like that. The way u saw those anomalies/loopholes years ago, certainly other stakeholders saw it and may have blocked some of those loopholes to a reasonable extent.

It's not like people would still not be engaging in such sharp practices o, but certainly things would've been better.

It's just like Yahoo Yahoo; most of the ways those doing it use in making money in 2010 would certainly have been blocked now. It's only the few that have the current formats that will be making money now.

izzou:
[color=royalblue]But the boyfriend has been indicted for beating the child to death.

Which pikin she kill again?[/color]

She's guilty of negligence na.

GloriousGbola:
Financial illiteracy. You spend your formative years chasing a ball around a pitch, but no one takes the time to teach you how to manage the money you are paid for doing so.

This is a story as old as time for people who to quote Dayo and Ibime made their money when they were young and did not understand money.

Dem no dey teach that one for school na. An average footballer has just like 15 years as number of years to hustle i.e if u go professional by 18, by time u are 33 ur career is as good as finished.

Any footballer that refuses to save for raining days within that period will surely see shege.

izzou:
[color=royalblue]This headline is misleading

https://www.nairaland.com/8129278/nigerian-woman-sharday-bakare-arrested[/color]

I don't think the headline is misleading; the lady was actually arrested and so was her boyfriend. Maybe the headline should've been " Sharday Bakare and her Bf Andrews arrested for murder of 2 year old son"..... But I don't know if nairaland topic limit will not be exhausted before the OP finish writing the topic sef

GloriousGbola:
https://www.nairaland.com/8129034/ghanaian-court-orders-auction-michael



being a professional athlete who doesnt understand money is f**king sad

The crazy thing about this guy's story is that he cannot accuse village people for his ill-fortune.

I remember about 10 years or thereabouts his father called him out for not taking care of him in old age. The man was actually truthful enough to acknowledge the fact that he was a deadbeat father while Essien was younger. But still Africans felt Essien should at least try and do something for the man.

So today now he's broke but he can't blame family members like our guy Obodo, he can't put the blame on marital woes like Eboue,etc. Who will he now blame for this now ?

Amoto94:
My brother I don't know how they are making profit but believe you me theft is ongoing they just make enough revenue to cover the cost which in the long run may not be sustainable.

I agree with u on the bolded. Whether it will be sustainable in the long run or not is definitely debatable.

izzou:
[color=royalblue]Many companies embrace outsourcing their distribution because it saves a lot of headache.

Have you been to a Logistics yard before?

Apart from those in the offices, you have mechanics, Drivers, Rewires, Vulcanizers, Procurement stores, and others.

If you decided to run this yourself, you will have all these on your payroll, and will have to pay attention to all. That is why they easily find who will handle the headache.

Outsourcing doesn't mean it is cheap. The subsidiary you created for this will still pay all these people and buy parts..[/color]

You are preaching to the choir bro. I work with a company that has a full fledged logistics team. On a personal level I've also dealt with logistics companies in the past.

I know there are complexities in their operations and that's why companies outsource these things. Now U won't outsource just becuase u want to transfer ur headache but u will ensure the outsourcing is economically advantageous on ur part.

izzou:
[color=royalblue]You are saying the same thing differently.

Because you outsource to your own subsidiary doesn't relieve you totally from it. Your subsidiary will still charge you like an outsider.

Diesel matter is complex oh. Some companies just add some litres for theft, because it is hard to crack.

So what they do is give the driver an extra 50 litres for the journey..At least thief small and let us rest [/color]

What I'm saying is that ur subsidiary reports to the Group MD. The Group MD and the board can set the Logistics MD's KPI such that he will be expected to reduce to barest minimum the costs associated with running the subsidriary. Such savings in cost is definitely coming from saving diesel cost.

If the model is not working, why do u think more companies are embracing it?

GloriousGbola:
the western company is by far the better place to work - but it is NIGERIANs who will use greed to fk it up. no be nigerians CEO wey mess up MTN? what about the guys in nestle or was it cadbury who cooked the books? the company i referenced [dayo na that guy whose ex- wife run to canada] had oyibo partners and they were living the good life to the max. the western companies give you a good life , a union, status and all they expect is that you are loyal to the company in return - but that is too much for most nigerians.

i mixed up lafarge because we were engaged by them to build a fuel dump in their facility. because those with responsibility for supplying diesel were running wayo. people in a great job by a french firm. but still let us rip the business.

That Bunmi Oni matter at Cadbury was a major corporate governance issue in Nigeria

izzou:
[color=royalblue]The reason why i asked was because Lafarge still handles its own distribution.
They have their trucks that carries cement

They also have Cement mixer trucks. Infact, they offer this as a service.

Because they have their power generation covered doesn't mean they won't need diesel.

I did my IT at Dangote Flour Mills at NPA Wharf. The mill is in the same compound with NASCON (owned by Dangote) and they have their own power plant. Yet, vendors supply diesel back to back in a month, because of their trucks. [/color]

I never siad they don't need diesel for fueling trucks na, obviously they will need either diesel or CNG to power trucks.

Check my response to Amoto, for multinationals that don't outsource distribution of their busines; some of them set up a whole new subsidiary for logistics . This subsidiary will have a functional management that will make sure the logistics arm of the business is a profit center like the rest of its subsidiaries and not just a cost center.

When the MD logistics has his KPI tied to the profitability of let's say BUA Logistics; won't he devised every means possible to reduce fuel theft to the barest minimum?

sleekdot:
Its not about being wasteful its about what increase your profitability. Indian manufacturer without those perks will be able to offer their goods in the market for cheaper than the Western option

At the end of the day, the western companies will either have to tow the line or fold, There is a reason Apple one of the biggest companies in US the best economy in the world is manufacturing its phones in China where there are no such perks even if its depriving Americans of jobs


If Michelin Dunlop and Jintao or Patel tyres are in the market where Michelin/Dunlop sells for 100k and Jintao/Patel sells for 30k which one will most Nigerians buy? Those are the decisions that make the companies fold

In my post that spamboot deleted, I said the same is happening in America, Many towns you see giant companies and infrastructures that used to serve the whole town in the 60s and 70s, the company has folded and moved to Asia. Is this because American economy is not fixed

Its a battle for who can capture the market.

Apple manufacturing in the Asian market is different from what we are discussing here o.

Here we are talking about two different companies sourcing for raw materials in Nigeria (and some abroad), having access to the same Nigerian labour force and having to operate under the same Nigerian regulatory framework.

1. The Western owned company will for example arrange for Life insurance for their staff as well as insurance against work related injury all in compliance with local laws. The Asian owned company will not take these insurances but rather bribe PENCOM and other government regulators when they come around to check their books.

2. The western owned company will pay competitive salaries in line with what obtains in saner climes. The Asian owned company will pay lesser salary, ban unionism and make sure staff welfare is at the discretion of the top management.

3. The western owned company always have its books opened and make it easy for the government to tax them as appropriate. The Asian owned company does a lot of staff to their books; the more u look , the less u see. They end up repatriating those monies they saved to Beirut, Mumbai, Hong Kong, etc.

Yes, the company is after its own profitability but where does that leave the people( our people) ?

izzou:
[color=royalblue]Lafarge has 4 Cement plants in Nigeria; Gombe, Sagamu, Ewekoro and in Cross River

Is this 50MW power plant providing power for just one, or the four?[/color]

I don't know which of their plants they make use of the power plants but I know they are currently building another 220MW power plant to supplement the one on ground.

Amoto94:
Oga Blueray no wan gree sey employees excesses contribute hugely to the collapse of many businesses, one I hope you don't come to the realization through lived experience. More than 20years ago I know some people who were working as truck drivers for a construction company who used to sell off the diesel and leave little or nothing inside the fuel tank, they do this virtually everyday pl

How do u think logistics companies make profit ? Do u think they hire their staff from abroad?

I know a big time player in the logistics business; I mean a man who access bank facility, buys as much as 80 trucks for logistics business at a go and within 3 to 4 years he pays down on the facility. Different commercial banks literally chase after him to beg him with credit facility .

How do u think this man gets to make money carrying products for different multinationals? It is simply because he has been able to solve what u have highlighted up there as a major problem in logistics; theft of fuel by staff. I believe this is the reason some multinationals have decided to outsource logistics to logistics companies.

In fact I have a friend who works in an indigenous oil and gas company. Their oga delibrately set-up a logistics company solely for handling logistics side of the business. When the MD of the logistics company's KPI is tied to they being profitable, let's see how the MD will open his eyes and watch staff steal fuel to sell na

GloriousGbola:
the same way politicians are buying court judgment is the way businessmen buy court judgment or they die the matter. zenith and otedola are settling out of court. the case between innoson and gtb involved forged bill of lading - nothing came out of it. volpi of intels has been in a fight with the mgt of oando for the past 10 years. he has won in court everywhere, but nigeria.

as you are talking, you have also seen the dorty business your own ogas have done

edit now i remembered how i and older hands left. we were bought over by a MULTINATIONAL. we were supposed to be on easy street. they even dropped a 1million usd bonus for buying us. the ogas at the top shared the money among themselves. then they hid 20billion in debt during the purchase. then they used the 20b operating capital the new owners dropped to pay off the debt. when the owners found out they could not say what the debt paid off was. that was when the owners decided to cut their losses and sell off the company. now the company is 101% nigerian owned in the worst way possible. we provide services as consultants and it is sad seeing how far things have regressed. but like i said, na nigerians wey do am



you can only move to gas if you are along a gas pipeline
not all large companies are sited along pipelines. lafarge is not along a pipeline. dangote is not along a pipeline either.

In my last post before the spambot ban, I mentioned that Lafarge actually has a 90MW power station that independently generates power for its cement production(They make use of 50MW and send the excess 40MW to the national grid). Dangote , BUA, Honeywell ,etc all have their respective independent power plants that generates power for them independent of the national grid.

A lot of heavy industry have moved away from diesel long time ago.

raumdeuter:
Those western owned companies they feed staff during work. If you see the kain food you go chop for Chevron, Mobil Shell Total canteen even reach dem Dunlop Guiness Michelin omo you go get potbelly after 6months

Wetin concern Chinese employer if you never chop for 2yrs

Abi na staff club wey be like resort, Most of us have one parent or uncle who used to work in a Manufacturing company in the 80 and 90s and those companies have disappeared long ago without trace to be replaced by Lebanese Chinese and Indians

Treating one's employees well with good welfare package does not necessarily mean the company is wasteful like u are making it seem here. There's actually no big deal in a company providing lunch in the work place, dry ration and other added benefits to their staff.(Some Nigerian owned companies even do it in the financial services sector sef)

These companies make serious money from the businesses they do and it will be wickedness on their part to make that much money without making some provisions for their employees who helped make those monies.

Some of these things are not even luxury. For example , a multinational that owns plants where some chemicals and by products of petroleum products are made will provide cartons of milk for their staff on a monthly basis. When u see the staff of such company carrying Ghana-Must-Go bag of peak milk home, u will think the company is being wasteful . But in the actual sense he needs that milk due to health hazard he's exposed to in the work place.

Now if an Asian takes over such company and stops such dry ration, I know some Nigerians will see it as they bringing an end to wastefulness but they don't know they are only supporting an action against their brothers and sisters.

In the long run these Asians taking over Western owned businesses are not doing us any good. They don't even pay as much tax as their western counterparts because they know how to "cook books", the jobs they offer are low paying jobs,whatever they save while "cutting cost" ends up getting repatriated to their home countries etc.

Let government fix the economy and let businesses be able to thrive, not only Asians who offer less to the economy in the long run