Bobloco's Posts
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idealogical:What's all these bitterness and pains |
ablejesus26:Oga make we dey talk true sometimes Bubu no bleep this country reach this level na How much you dey buy fuel for Bubu time, how much for gas, how much be your transportation cost to and fro from work, how much naira was naira exchanging to a dollar. As Tinubu enter, him say money no dey to subsidize fuel and stabilize naira. Now wetin him dey do with the money saved from subsidy removal. Only to dey use am buy rice share. Bubu pay subsidies, stabilize naira, do some infrastructure, like roads, rail, second Niger Bridge, etc even do Npower join etc Do you know the millions of families that survived on 30k Npower money? Bubu and Tinubu no dey same level. I no talk say Bubu na de best but him better pass the so-called first class accountant by a thousand miles for economic management |
vanbonattel:Do you think that a notorious narcotics trafficker, certificate forger, and buccaneering power grabber, whose wicked and draconian policies masquerading as economic reforms have unleashed untold hardships, hunger, and starvation on the citizens, gives a damn about the victims of the fuel tanker explosion? He doesn't give a Bleep. He lacks compassion and empathy |
Today, emotion took the greater part of me as I left Lagos this morning and headed to the site of the tragic petrol tanker explosion, the gravesite, and also the Sarkin Dikko place along the Dikko-Maje Road in Suleja, Niger State, where over 100 lives were lost, more than 50 injured, and many properties destroyed.https://x.com/PeterObi/status/1882102588629299621?t=J2eade3AtDT-apmI6f-RaQ&s=19
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Sammy5413:It shall never be well with those who worked, supported, and encouraged this calamitous Tinubu regime |
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" ...a decision widely praised for its strategic importance".Whenever Tinubu makes an appointment and the above phrase is used, one might think that the decision would result in success for the country. However, history has shown that the appointee ends up becoming a huge disaster, performing woefully. |
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Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has vowed to tackle the commoditisation ( buying and selling) of Naira notes, which has become widespread in the country.https://www.vanguardngr.com/2025/01/cbn-vows-to-tackle-buying-selling-of-naira-notes/
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Poor funding from where? Who is providing the poor funding....Tinubu or ordinary Nigerians? |
helinues:Wicked and draconian policies masquerading as reform policies unleashed to inflict severe pains, untold hardships, hunger, and starvation. |
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Nigerians have vowed to drag the federal government to court over approval of a 50 percent increase in calls, data, and other telecommunication tariffs. In an instant multiplier effect, Point of Sales Operators have hinted at plans to increase their service charges. The President of the National Association of Telecoms Subscribers, Adeolu Ogunbanjo and the National Spokesperson for the Association of Mobile Money & Bank Agents in Nigeria, Ogungbayi Ganiyu made these positions known on Monday in separate exclusive interviews with DAILY POST. This comes as the Nigerian Communications Commission on Monday gave Mobile Network Operators approval to increase service tariffs by at most 50 percent. DAILY POST reports that the Minister of Communications and Digital Economy, Bosun Tijani, had hinted that telecom tariffs will go up by either 30 or 50 percent. His position came from a fallout of a meeting between him and operators who had proposed a 100 percent tariff increase. DAILY POST reports that the latest telecom tariff hike approval comes 13 years after NCC announced price template in 2013. Meanwhile, with the latest tariff hike approval, it means that upon implementation, Nigerians may be paying N16.5 per minute for calls from N11, the cost of SMS to N6 from N4, and the cost of 1 gigabit of data – N431.25. Also, telcos may rank in N6.7 trillion annually in revenue from calls only with the new tariff regime; this is because 2023 national telephone traffic data showed that total outgoing telephone traffic was 205.3 billion minutes, while incoming traffic stood at 203.2 billion minutes. Reacting, Ogunbanjo insisted that telecom subscribers have rejected the 50 percent tariff hike. According to him, subscribers had agreed to a 5 or 10 percent tariff hike, not the 50 percent as announced by the NCC. He noted that subscribers had decided to take legal action against the federal government for approving the 50 percent electricity tariff hike. Ogunbanjo decried that the hike will further impoverish Nigerians already grappling with the Premium Motor Spirit price hike, transportation and food price hike, which is at 38.90 percent in December 2024. “It is unfortunate that it is the Minister of Communications and Digital Economy, Bosun Tijani, who is the one leading the telecommunications service increase. “He should not impoverish Nigerians. “While I understand the challenges facing the telecom sector, we agreed to a 5 to 10 percent tariff hike. If that is not enough, the telcos should go to the capital market to raise funds. “We are going to court to challenge the decision by the federal government to approve a 50 percent tariff hike because we have given them options. “We’ve painfully agreed to a telecom tariff hike. We know we are going to pay more but not 50 percent “The telcos requested a 100 percent tariff hike; of course the telcos want to make more profit to the detriment of subscribers. “50 percent tariff hike is too much. We are saying no. It is not acceptable. Anything more than 10 percent, we are going to court. “This tariff will be enormous. Every business will increase their tariff. From the companies to the ordinary POS operators. “This will cause further impoverishment of Nigerians,” he told DAILY POST. POS operators mull fee hike The Association of Mobile Money & Bank Agents in Nigeria said with the 50 percent telecoms hike, its members may have no option but to increase service charges. Ogungbayi Ganiyu, the National Public Relations Officer at AMMBAN, disclosed this in an interview with DAILY POST on Monday. According to him, members’ services are centred around telecom services, especially data, hence would be most impacted. He, however, noted that POS operators may desire to bear the cost of the increased telecoms tariff. “The telecom tariff hike will impact the operations of our members. I am afraid this may also have a multiplier effect on service charge. “We have not sat down and looked at the latest tariff hike. “However, the telecom service hike may not affect our operations. “Our members may decide to bear the burden of the hike. “Just like bankers, POS operators should be treated with respect in the banking sector because we are assisting them to reach the hinterlands,” he stated. Worsening poverty in Nigeria The tariff hike, which is expected to kick off in February 2025, has been described as yet another policy by President Bola Ahmed Tinubu to impoverish Nigerians. Ogunbanjo, on his part, said the hike would affect both small and big companies across the country. “This tariff will be enormous. Every business will increase their tariff. From the companies to the ordinary POS operators. “This will cause further impoverishment of Nigerians,” he said. DAILY POST reports that for months, MNOs had continued to push for a tariff hike. Days ago, telecom operators threatened to shut down operations if tariffs were not increased. MNOs are expected to implement the new tariff regime from February 2024 https://dailypost.ng/2025/01/21/50-telecoms-tariff-hike-nigerians-to-drag-fg-to-court/ |
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bentenny:You get the gist |
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Two flati-nos |
A Professor of Political Science, Bolaji Akinyemi, has advised President Bola Tinubu to avoid confrontation with the newly inaugurated 47th President of the United States, Donald Trump.https://dailypost.ng/2025/01/20/avoid-confrontation-with-trump-tinubu-advised/
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The federal government has re-awarded the revoked section of the Abuja-Kaduna highway to an inactive and obscure company, Daily Trust investigations report. The company, Infoquest Nigeria Limited as announced by the Minister of Works, Sen David Umahi, had secured the contract for the completion of the remaining sector of Section 2 of the Abuja-Kaduna highway. Daily Trust reports that the section of the road was revoked from Julius Berger Construction Company over a price dispute and completion timeline. However, the construction company in an advertorial placed in the national dailies blamed the adjustment in cost on inflation which led to increases in energy and material costs. It also claimed that it had not received payment for works executed since November 2023. Sen. Umahi had during an inspection of the road last week said Infoquest Nigeria Limited secured a “No objection” of N252.89 billion from the Bureau of Public Procurement (BPP) and the contract would be presented for ratification at the next sitting of the Federal Executive Council (FEC). A “No Objection,” according to the Public Procurement Act, 2007, means the procurement process was conducted in accordance with the provisions of the Act and that the Bureau of Public Procurement had no objections to the award of the contract. This essentially serves as an approval for the procuring entity to proceed with the contract award and make payments to contractors or suppliers. Status of Infoquest However, Daily Trust reports that the status of Infoquest Nigeria Limited is inactive on the Corporate Affairs Commission (CAC) website. This means that the decision to award the contract to the company violates the Companies and Allied Matters Act (CAMA) 2020. Additional information about the company shows its total ordinary shares is N100,000 and its total share capital is N100,000. Also, the company has never paid annual returns since its establishment according to information accessed by Daily Trust from the CAC website What the Act says According to the Companies and Allied Matters Act (CAMA) 2020, an inactive company is legally incapable of executing contracts or undertaking new business activities. Therefore, the decision to award a contract for the Abuja-Kaduna highway to Messer Infoquest Nigeria Limited contradicts Section 525(3) & (4) of the CAMA 2020 which empowers the Corporate Affairs Commission (CAC) to remove such companies from the register. Once struck off the register, the company ceases to exist legally and cannot enter into or enforce contracts. Also, section 526 states that once a company is struck off, all its assets become bona vacantia (ownerless property) and vest in the government. Similarly, section 583 states that companies that fail to meet statutory requirements lose the right to enforce contracts and carry out business activities. The only way for an inactive company to regain such rights, according to Section 583(a) of the law, is through a High Court order restoring it to the register. Sen. Umahi announced last week that Infoquest Nigeria Limited emerged winner among the six companies that placed bids for the road. According to the minister, the six contractors that indicated interest include: Messers Julius Berger Nig. Plc, Messers Hitech Construction Company Limited, Messers Infoquest Nigeria Limited, Messers CBC Nigeria Limited, Messers CCECC Nigeria Limited and Messers CGC Nigeria Limited. Further checks by our reporters revealed that Messers Infoquest Nigeria Limited was registered on 16 June 1997, with the registration number RC 315362. The company’s status on the CAC website is inactive and its listed address is 39, Falohun Street, Orile, Lagos. The company has three directors listed as Omeruwa Onyekachi, Olubodun Benson, and Kuforiji Moses. Daily Trust reports that Infoquest Nigeria Limited lacks a digital presence, raising questions about its capacity and legitimacy to execute such a significant multi-billion naira national project. Similarly, there was little digital information on the names of the listed directors. Tracing company address in Lagos Daily Trust dispatched a reporter to trace the address of Infoquest Nigeria Limited, listed on the CAC as 39, Falohun Street, Orile, Lagos. Our correspondent who was at 39 Falohun Street, off Baale junction located in Orile Iganmu, reports that the building is on a tarred road that stretches to Surulere. The residential storey building with boys’ quarters built behind it is painted green, displaying glaringly No. 39 handwritten with blue colour. Our correspondent asked the woman selling fruits and sandals at the front of the building and she said there was no office known as Infoquest Nigeria Limited there. “There is no company here, you can check Aguda”, she said while another woman selling fruits in front of the building said the same thing. Our correspondent reports that there was no sign of any construction company or construction work at Falohun Street. Also, a search on Google Maps did not produce any results for Infoquest. Sources at CAC told one of our correspondents that the details found on their website are up to date. “The Corporate Affairs Commission’s website is not lagging behind, all the information you see there are the most latest. “If you see ‘inactive’ under a company, it means it is not up to date in the payment of its obligations to the federal government. “This could be in payment of taxes or other things required by law,” one of the sources said. Ministry denies awarding contract When contacted on why the ministry selected Infoquest Nigeria Limited for the project, the Director of Press for the Ministry of Works, Mohammed A. Ahmed, said the minister did not announce that the contract was awarded. According to him, the minister only said he got a certificate. While poor connectivity prevented further explanation by the director, our reporter made several attempts to reach him but his number was unreachable. Hours later, several attempts were made to reach the director but he did not answer the calls. He also did not reply to a text message to clarify what he meant by the minister getting a certificate. There are complaints about the company – BPP The Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale Adedokun told Daily Trust, yesterday, that he was aware of some complaints on the matter. He also acknowledged that the BPP granted the certificate of no objection to Infoquest Nigeria Limited. He maintained that the certificate of no objection issued to the company met all the requirements without any political considerations or interference. “As at April 2024, we had the record from CAC on the company’s performance. We also have the record, which we verified on the multi-billion naira contracts the company had executed, including with FCDA, Ministry of Water Resources and other organisations. “There was no political consideration or external influence in our decisions. President Bola Ahmed Tinubu gave us the mandate to do the right thing and he does not interfere with our work. This is why we can reject applications or biddings, even when they come from renowned organisations which do not meet the legal requirements or approve those of some organisations which met the requirements, even when some do not see them as heavy weight so to say, in as much as they are qualified and competent to do the job,” Adedokun said. https://dailytrust.com/fg-re-awards-abuja-kaduna-highway-contract-to-inactive-company/ |
yommen:And can't be fvcked like his lesbian daughter |
UltraSolid:The Blueprint Tinubu laid in Lagos is beginning to manifest |
Through the grab, snatch and run away with it way |
coputa:Just as Wike is being used, he will also be dumped. |
EnlightenedUFO:Tinubu risked everything here
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This only exist in the imagination of Wale Edun |
Ok |
iwaeda:After buying a new aircraft, an all-black armored Cadillac Escalade SUV, and a yacht... |
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Thundafireseun:...And in this game, the winner takes it all, including the loser. |
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