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Politics › Re: Nigeria's 36 States & FCT Ranked In Order Of Land Mass: Photos by chikachike86(m): 8:34am On Sep 30, 2019

Awasa:
These small 5 states was in war against all the big 4 nothing states for 30months. o!! how mighty the east are

Yet they had to call for help from Britain and Egypt to avert the annihilation from the East�.

Politics › Re: Nigeria's 36 States & FCT Ranked In Order Of Land Mass: Photos by chikachike86(m): 8:19am On Sep 30, 2019

bbamusa:
this is because of your apetite for foreign foods, even fish that spends as much as four years in ice block you rush it as if your life depends on it. thank God Buhari has closed the border last last.

Closing Border is not the issue, capacity to produce is important. Poverty and illiteracy is in the North. So how can the core north give what is does not have.
The south west and east will be the most beneficiary of the action of Mr. President.

Politics › Re: Nigeria's 36 States & FCT Ranked In Order Of Land Mass: Photos by chikachike86(m): 8:12am On Sep 30, 2019

GavelSlam:
Are you importing carrots and onions?

And how has it contributed to the economy of Nigeria?

2 Likes 1 Share

Politics › Re: Nigeria's 36 States & FCT Ranked In Order Of Land Mass: Photos by chikachike86(m): 8:05am On Sep 30, 2019

mmb:
Nigeria's 36 States & FCT Ranked In Order Of Land Mass: Photos

The entire North is grinding with abject poverty as a result of overpopulation. The Landmass is not productive because the marauding herders have made the enormous landmass so useless that if care is not taken, people in the North will turn to carnivores in less than 50yrs to come.
Human capital is what matters. Posting this, and assuming you have advanced the interest of the north simply goes to show the level of education of the North.
It's been said that empty "large" vessels make the loudest noise.
North ke!�

8 Likes 2 Shares

Business › Step By Step Guide On How To Obtain An Oil Exploration License From Department O by chikachike86(op): 5:49pm On Aug 26, 2019

The Lucrative oil and gas industry of Nigeria has produced such industry heavyweights as African Petroleum Plc, Oando Group, and Capital Oil Plc etc. The Government of Nigeria Being reliant on revenue accruable from the Sector has made it compulsory for all participants in the oil exploration sub-sector of our economy to ensure that obtaining an OIL EXPLORATION LICENSE from DPR is mandatory for all stakeholders.

Below is a step by step guide a Consultant must trail in order to secure the license for an Investor in the sector.

The Investment company must indicate an interest to participate in the Oil and gas downstream sector of Nigeria on their Letterhead paper addressed to the Minister of Petroleum Resources. The Letter must state unequivocally the indispensable technical knowledge and experience the company has to offer to Nigeria, as well as sufficient financial muscle to survive the competitive Oil exploration industry.
The Consultant will have to make all requisite payments either through the department’s portal or generate a payee ID and make payment at any designated bank in Nigeria preferably in Abuja where the Departments office is located
After completion of payment, the consultant must request and obtain from the Company the following documents
Company registration credentials from Corporate affairs commission (CAC)
Profile of directors
Bank statement
Partnering organization or firm in exploration
Proof of technical know-how from previous work in oil exploration
location of the company
Telephone contact, Email address and website of the company.
Website of the business, Mission, and objectives of the organization, Etc. proof of payment of registration. The application will then be submitted to the department of petroleum resource Registration department.
A received copy of the filed application form must be taken to the Federal Ministry of Petroleum Resources. The Department in charge of receiving the applications on behalf of the Minister is the Department of registration for exploring oil centre. The application must be accompanied with the corporate affairs commission documents of the company which will aid the verification officer at the Ministry to ascertain the details of the company with regards to its Directorship and shareholding structure as well as to ascertain the financial strength of the Company. Specifics of the referees of the proposed Oil Exploration Company are an indispensible requirement that must be furnished to the Ministry for verification. It must state that the referee has a valid license, an insurance certificate, a proof that the Persons portrayed as the owners are indeed the shareholder of the guaranteeing Company. Once the verification officer has established the fact that all details supplied are indisputable, it will be uploaded into the database of the Ministry.
Once the Company’s information has been captured and uploaded into the Ministry’s record, a provisional slip will be issued as a prima facie evidence of registration. It is important to note that even after a temporary slip has been issued, the Board of the Ministry still has a statutory mandate to deliberate whether or not to give a final approval or deny the application, which infrequently occurs.
After securing the Boards approval, the Company’s file will be taken to the Minister of petroleum resources who will have to rectify the decision(s) of the Board so that there will be a compromise between both power bloc’s. The next step will be for the Minister to mandate DPR through an office Memo to issue a License to the Licensee for oil exploration. Please note that after the license is ready for collection, an SMS or phone call will be sent to the Company’s representative for collection at the Federal Ministry of Petroleum Resources.
Culled from: www.ibechidoassociates.com

Business › Pioneer Status And Other Incentives Available To Foreign And Indigenous Investor by chikachike86(op): 2:27pm On Aug 26, 2019*

The successive and current governments of the federal republic of Nigeria has deemed it expedient to adopt the international best practice of introducing a wide range of economic incentive and reliefs that would motivate investors so as to make Nigeria an investment safe haven

These incentives and reliefs are meticulously captured in various laws of Nigeria, but most specifically in the Nigerian Investment Promotion Commission (NIPC) Act, foreign exchange (monitoring and miscellaneous provisions) Act, customs and excise management Act, Industrial Development (Income Tax Relief) Act, Companies Income Tax Act and under the minerals Act etc.

The Nigerian investment promotion commission, being a parastatal under the Federal Ministry of trade is saddled with the responsibility of ensuring and facilitating the participation of non-Nigerians in the development of the Nigerian economy. This assertion is given credence based on the fact that there is no limitation imposed on any non-Nigerian with regards to investing in any business in the economic sub-sector of Nigeria. Foreigners who wish to participate in the growth of the Nigerian economy are allowed to do so by buying the shares of any Nigerian enterprise in any convertible foreign currency. The foreign investor who has made a profit from his/her investment in Nigeria is also guaranteed unconditional transfer of such dividends and profit provided it’s done through an authorized dealer in freely convertible currency. Moreover, the Act setting up NIPC states emphatically that no government in Nigeria would be allowed to nationalize any business or company whether private or public owned by a foreigner or Nigerian. The only exception to this general rule with regards to non-nationalization of business corporations is if the acquisition is in the national interest or for the overriding interest of the Nigerian population, but in both instances, fair and adequate compensation will be paid to the investor.

The Act went further to envisage a situation where the question of what is fair and adequate compensation would be asked. The answer is proffered in section 26 of the Act in which a dispute resolution mechanism is established to ensure that no advantage is given to any Nigerian or government over a foreign investor.

The Foreign exchange (monitoring and Miscellaneous Provisions) Act as the name entails was enacted for the sole purpose of ensuring that importation of foreign currency by non-Nigerian investors is made easy.

It is important to note that the foreign investors is expected as a matter of transparency as well as to avoid money laundering to declare his or her source of income only when the value of imported foreign currency is in excess of $5,000. Once the Foreign currency is allowed into Nigeria through an authorized dealer; the currency may be repatriated back to the country of the non-Nigerian if he or she has a change of mind with regards to the investment opportunity.

Another major incentive under the Foreign exchange Act is that a foreign investor is permitted to open, maintain and operate different domiciliary accounts in his or her company name(s), then lodge different foreign currencies through an authorized dealer at any of the banks and shall be entitled to interest at such rate as the central bank of Nigeria (CBN) may from time to time prescribe.

The Act has become an insurance cover for foreign investors to the extent that no money imported into Nigeria for the purpose of legitimate investment will be liable to seizure or forfeiture or suffer any form of expropriation by the Federal or a State Government of Nigeria.

The Customs and Excise Management Act also has some key incentive and reliefs available to foreign and Nigerian investors. These incentives are centered on Duty drawback policy of the federal government of Nigeria as contained in the Act. The reliefs are available in the form of a refund made on import duties on Raw materials and packaging materials used in producing goods for export and paper used for producing goods for educational purposes and educational establishment.

The incentives and reliefs granted by the Federal government of Nigeria to investors also take fiscal forms under the industrial development (income tax relief) Act, companies whether wholly foreign or a joint venture with a Nigerian(s) are granted a tax holiday in the form of pioneer status for a period of Three years. If the company has updated tax returns and after assessing the growth of the business decides to ask for an extension, the Commission has the prerogative to decide whether to extend for a period of two years or decline the application. The essence of these incentives is to afford companies in certain industry an opportunity to grow in business without undue government interference in the form of exorbitant taxation.

Below are the requirements for an application for pioneer status application in Nigeria.

The submission should include the following, amongst others:

Formal covering letter to the Executive Secretary of NIPC
Company information
Company contact information
Company external representative
Project overview
Project cost
Financing sources
Shareholders, directors, and management
Production and financial performance
Number of employees and emolument
Training cost
Skills and technology transfer
Raw materials and components
Export earnings and destinations
Infrastructure developed
Environmental, social and governance policies and plans
Utilisation of tax savings
5-year business plan
Declaration signed by Chief Executive Officer / Managing Director
Culled from : www.ibechidoassociates.com.ng

Business › How To Remove A Director From A Corporate Legal Entity by chikachike86(op): 2:19pm On Aug 26, 2019*

Companies and allied matters Act in Section 244(1) (2) describes a Director as a person or persons suitably appointed by the company to Direct and supervise the business of the company whether in executive or non-executive capacity.

It is important to note that non-executive Directors can be told apart from the former based on the fact that they do not have contracts of employment with the shareholders (owners) of the company and do not have fixed salaries unlike their executive colleagues. They are paid based on an amount agreed by members of the company at the annual general meeting through a resolution. A company speaks and expresses its opinion through resolutions.

It is imperative to note that a put out Executive Director whose imminent removal is necessary for the growth of the business of the company (except if it can only be achieved at the cost of a pyrrhic victory), the shareholders must as a duty ensure that an offer for the post of a Non-executive Director Must be negotiated with him or her.

Based on the topic of discourse, an erring director can be shown the way out through the following procedure which must be strictly adhered to and failure might give rise to a cause of action in a court of competent jurisdiction.

Firstly, the Articles of the company which is the grand norm of the company must be consulted to ascertain whether it contains a specific procedure for removal of a director. Also, the director’s service contract must be examined as well so that parties will be bound within the terms of their contract.

Secondly, a special notice which has a lifespan of 28 days must be given to the company by the persons who must compose a quorum which must consist of at least two-third majority of the shareholders who want the director removed.

The next step will be to ensure that the secretary of the company who in most cases are lawyers, must acknowledge on the received copy of the notice so that it can be tendered as an exhibit in the event of litigation. The secretary based on this employment contract will be required to notify the director concerned. The secretary will then make heist to issue a notice of a meeting preferably in two daily newspapers covering a period of21 days prior to the meeting where members/shareholders will determine the fate of the Director.

The Director concerned after receiving notice of his removal must signify his intention to challenge his removal and his intentions must be backed with a letter to the secretary of the company. The secretary must then notify the members if it is the intent of the letter to defend the removal, and the notice will have to be prepared in such a form that exhibits an aspiration to defend.

It will be a fatal mistake if the members fail to ensure that all notices are served on the director. Moreso, it’ll be worse if notices were served and at the meeting, the Director is evidently restrained from entering his defense in whatsoever form even though his representations were not sent timeously to the Directors. He must be allowed to inform members that have formed a quorum for the meeting of his intention to challenge his removal.

After assuming the position of a judge and having heard the pleas of the Director, it’ll then be a mandate on the members to decide whether or not through a vote if the Director will retain his or her position and this will be based on the fact that 2/3 or ¾ majority of members votes in favour or against keeping hold of the Director. It is important to note that if the article of association adopts any other procedure for removal, then it becomes paramount to follow suit.

The company secretary who had convened the meeting must purchase a form CAC 7 (particulars of change in Directorship) from any office of the corporate Affairs commission(which is not advisable) or visit www.ibechidoassociates.com.ng, download and print a coloured version of it, complete it and file within 14 days together with the following documents.

A resolution stating the name of the company, RC No, and registered address on the commission’s record. The name of the Director so removed and a list of Directors after the change in Directorship. The resolution must be signed by two Directors with their regular signature on the commission’s record.
And a means of identification, if the shareholders had already found a replacement for the removed Director.
The Register of Directors and Secretaries which is located at the registered office address/Headquarters of the Company must be updated to ensure a proper record is kept.

In conclusion, Directorship of a Company has an enormous responsibility attached to it which makes it a thriving Endeavour in Nigeria for the entrepreneurial mind which is driven by the enhanced business development that has greeted our economy.

On the other hand, if the removal of a Director is necessary for the growth of the Business of the Company, in that case, it becomes a duty and responsibility that must be accomplished by all Legal means.
Culled from: www.ibechidoassociates@gmail.com.ng

Investment › Requirements And Cost For Expatriate Quota, Str Visa And Cerpac In Nigeria by chikachike86(op): 11:22am On Jun 15, 2019*

EXPATRIATE QUOTA

1. Application for expatriate quota must be on the letter headed paper of the company, addressed to the Perm Sec Fed Min of Interior
2. Certificate of incorporation
3. CAC form 2 and 7 or 1.1
4. Memorandum and article of association.
5. Feasibility report
6. Tax clearance certificate.
7. Bank reference letter
8. Lease agreement
9. Joint venture agreement (in case of a foreign partnership)
10. Evidence of capital and machinery importation.
11.Proposed salary, job description, designation and qualification of Expatriate.

FEES:
1. Online registration/Automation- N100,000
2. Processing fee- N100,000
3. Business permit- N100,000
4. Quota position- N50,000 per slot
5. Portal fee. - N 50,000

After the grant of an Expatriate quota by the Min of Interior, the next step to take before a Nigerian green card is issued is to apply for an STR VISA from the Nigerian embassy in the country of origin of the expatriate and the requirements and cost are

REQUIREMENTS FOR THE PROCESSING OF AN STR VISA.

1. Valid passport with a minimum of 6months validity

2. Letter of employment
3. Expatriate quota approval
4. Credentials/CV of the expatriate

FEE

To be negotiated

CERPAC(Combined Expatriate Residence Permit and Aliens Card)
After the grant of an STR Visa, the expatriate can come into Nigeria and Regularize the Visa with the following documents and fees
1. Purchase of CR ( Concessionary) Forms
2. Four(4) Nos "2x2 passport photograph on white background.
3. Application on the letter headed paper of the employer indicating acceptance of Immigration Responsibilities I.R endorsed by the Nigerian High Commissioner.
4. National passport of the applicant with STR Visa endorsement and photocopies of relevant data pages.
5. Letter of appointment and acceptance of the offer.
6. Expatriate quota approval of the company.
7. Photocopies of applicants credential
8. Duly completed forms IMMA 2.1 and E.20
9. Particulars of incorporation documents
10. Qualifying certificate and Resume of expatriate
11. Company Profile of the applicant.
FEES

Cerpac fee- 2,000 Dollars per expatriate. (The new rate was introduced by the Min of Interior since 2018 )

DURATION
1. After submission of the application, a temporary card valid for one year will be issued pending when the permanent card is ready(usually for a period of 2-3 months)
2. The application is submitted at the office of the Comptroller-General of Immigration (immigration HQ, airport road Sauka, Abuja)
3. The presence of the expatriate is required.
4. The expatriate can travel in and out of Nigeria with the Temporary card pending when the original would be ready for pick up.

For more info, Please visit: www.ibechidoassociates.com.ng
Best Regards

Politics › Re: N-power Build Launch By Osinbajo (see Photos) by chikachike86(m): 8:57am On May 19, 2018

I like the simplicity of this man. He's always associated with economic growth and resolution of conflict, unlike his principal who's tongue tied and desperate to clinch to power come 2019.

Politics › Re: Buhari Collected 2 Bullet Proof Cars From The Nsa And $350,000 In Cash - FFK by chikachike86(m): 6:45pm On Apr 05, 2018

SternProphet:
So the NSA is really guilty of stealing and spreading money?. Thank God for Buhari. How many members of the Nigerian elite would have still come to power to probe Dasuki?. This is why I am ready to give Buhari four terms in office. The man is different. Most Nigerians would have been too grateful to probe and discipline these guys.

So PDP is now so degraded morally they are not even denying their crimes anymore . Their only hope is tarnishing the man probing them ..and they figure that will help them in the elections? That Buhari took cars and money so he is just as bad as them ..so we should vote for them or something. That is the new plan?. The black man is really cursed.
This FFK went to Cambridge or Oxford. smh.

And Good luck Jonathan - weak, corrupt, degenerate, cowardly, effete, fearful of Buhari, undeserving of office and undeserving of respect. No wonder God blew him away like the weak immoral chaff that he is.

Guy you're getting it all wrong. $350,000 and two bullet proof car is not a gift one comes by everyday. Its left for Buhari to debunk the rumour or truth, who knows! If for any reason whatsoever Buhari touched the evil and bloodstained money, then he's in deed a rogue. He can't deny that he didn't know the source of the Money. Let's wait for his reply. The truth will be revealed one way or the other.

So it's another FOUR years for Buhari.

Health › Re: Death In A Gin Bottle: How Nigerians Are Drinking Themselves To The Grave by chikachike86(m): 9:12pm On Feb 20, 2018

Valfrankie:
Sad! But ugh, well you know, beer is an amazing drink when taken in moderation. Heineken is one such fantastic beer. Give me some more bottles.
SAY NO TO SPIRITS AND HARD LIQUORS!
DRINK BEER!!!!
Don't drink and Drive!
Don't Drive if you must Drink.
Stay Safe!
Peace!

Diabetes nko!

Business › Re: The Secret Revealed: 1 NGN Can Equate 1 USD If Nigerian Government Can Do This. by chikachike86(m): 9:34am On Feb 17, 2018

Ken4Christ:
I do not agree. It will only limit looting but it will have no effect on the exchange rate. The countries you made references to didn't have a terrible economy like Nigeria does.

The major reason why out currency is low in values is because Nigeria is not a producing country. We import virtually everything.

If we want our currency value to appreciate, what we should do is;

1. Ensure all our refineries are working. It will save us lots of foreign exchange.

2. We need an industrial revolution.

3. We need to invest more in Agriculture.

4. Every local government chairman should be productive rather than administrative.

5. Corruption should be punished.

6. Our tax system should be made more effective.

7. Out railway should be developed to reduce cost of transportation of food items.

8. Our borders should be closed. If possible, fence the country round.

Export should exceed import if our currency must appreciate. After all these is done, then we can take away the high currency notes.

Please explain further how export will exceed import if our borders is "fenced"

1 Like

Politics › Re: Olusegun Obasanjo Commissions Specialist Hospital, Yenagoa, Bayelsa State (pics) by chikachike86(m): 9:23am On Feb 17, 2018

olahero:
Oloriburuku Ole.
He wasted 2 term in office, when thing are well OKAY for our economy.
Someone should please list OBJ/ATIKU achievement in office for 8good years he spent?

Telecom!

Politics › Re: Gani Adams On Fulani Herdsmen Killings: "What Yorubas Will Do" by chikachike86(m): 6:31am On Feb 09, 2018

LORDOFAFONJAS:
See this coward

Stop that!

Romance › Re: My Girlfriend Of 5 Years Broke Up With Me Because Of What Her Pastor Said. Help! by chikachike86(m): 4:15pm On Feb 03, 2018

bignigerian:
Hi guys I have to open an account to let out this story.

My girlfriend of 5 years, she was 18 and I was 23 both students when we met. We have shared everything together, I mean everything u can possibly think of. She told me she can't continue the relationship. That we can't marry each other.

Her reasons
She met 2 pastors who told her we are not compatible with each other. One told her in 2014 and the other in 2016 of which she told me about both of them. But last 3 weeks she broke the ice on the grounds that
1. she needs to choose her husband with all diligence. That her grandmother has 2 husbands, her mum has 2 husbands and she can't thread that path because those pastors told her we shall split if she marries me.
2. She doesn't want me to hear that she got married to someone else.

Her mum doesn't like me and doesn't want me to marry her and recently she is pestering her to marry another man, her Pastor. This man talks with her every time, calls her, gives her and her mother gifts. Well I give them gifts to my capacity too. But pastor is playing son-in-law game well because he (pastor) said God told him that she is his wife. The pastor anyway happened to be a real pastor, I can attest to that, but I can't vouch if his vision is from God or self induced.

But babe told me she has not made up her mind yet and that she didn't break up with me to marry that man. That she will take her time to decide what she will do and maintaining a single status.

We all stay in the same neighborhood, bae is a nairalander too. She will see this and get angry but...
I need matured views on this issue...

You put the nail on the coffin when you made your affairs with her a Nairaland thang! This na babe you still want and you're here crying wolf. Anyway one of the rules of natural justice is to hear both parties before passing judgements.

Celebrities › Re: Lanre Gentry Celebrates Mercy Aigbe's 40th Birthday. "You Are Still My Wife" by chikachike86(m): 2:05am On Jan 02, 2018

Thegeneralqueen:
So because it's new year so she should run on to him so he can kill her #saynotodomesticviolence

Let love leads. Forgiveness is divine. Marriage is an institution created by God, it can never be dissolved by man . its forever even in human divorce.

Politics › Re: Daniel Elombah Arrested Due To The Article He Wrote Against Buhari - FFK by chikachike86(m): 1:57am On Jan 02, 2018

sarrki:
Didn't expect less from you

Same set of people think and reason same way

Do you've to make it obvious that you're a Buhari Media person. Take it easy!

1 Like

Business › Re: Innocent Chukwuma Innoson Sues EFCC N200bn For ‘Defamation, Falsehood’ by chikachike86(m): 1:30am On Jan 02, 2018

Jibril659:
yes, and when the court passes its judgement in favor of the efcc. you'll come here to shout zoo court.

Shall we continue like this ? Nigeria is one and we shouldn't turn a blind eye when injustice is perpetuated even though the person involved is not ours

2 Likes

Politics › Re: Post Pictures Of The Current Infrastructural Development In Your State by chikachike86(m): 9:58am On Dec 27, 2017

Its the height of stupidity and inferiority complex to put others down in order to look Good. Both the Yoruba's and the Igbo nation are industrious, intelligent and hard working people. Its people bereft of any meaningful achievements in real life that exhibit their hate on this platform. Truth be told, all e-warlords are hateful people even to their own family members. Please avoid such people even in real life because they have nothing to offer than hate. Yoruba's and Igbo people will continue to be friends and business partners in real life and the hateful efforts of foolish and idotics on this platform shall never prevail.

2 Likes

Politics › Re: Reason for Nigeria's backwardness: Intellectual battle between Igbo's and Yoruba by chikachike86(op): 4:01pm On Dec 25, 2017

Jaideyone:
OK. my honest opinion

the major accusation the typical ibo man has against Yorubas is that we always betray them.

As Yorubas we watch out for ourselves first. its not a bad thing to do as far as I'm concerned. for example

-during the civil war of Yoruba had tried to secede the war would have shifted automatically from the south east and the battle ground will be 70% within the southwest since Yorubas are all around the capital. so was it a wise thing that Yorubas refused to secede in 1967? yes!!! Awo made the right decision. self preservation is not greed or betrayal. the ibos would have done the same if the capital was in their region.

-2011 we voted Jonathan as president and voted APC governors yet the ibos still felt offended. why? the same PDP that won the Presidential election in the south west decided to marginalise Yorubas. some Yoruba elders went to meet Jonathan about it and this is the reaction of the ibos on naira land about it

https://www.nairaland.com/745731/yoruba-marginalization-elders-met-jonathan

so after we voted Jonathan and we were marginalised in appointments, he failed to deliver lag-ib expressway and other notable projects (note that Jonathan only completed Benin ore and established FUOYE in 6 too years!!!). how do you expect us to still vote a man that didn't perform up to expectations? yes we voted APC in 2015. how's that betrayal? was there an agreement between us to always vote the same person? ibos shouldn't be offended we exercised our right the way we want. every individual has the right to vote whoever they want. in fact Jonathan got 1.8m votes in the south west and buhari got 2.1m. just a difference of 300k.

so how exactly have we betrayed ibos?
the ibos tend to expect too much from us and they get angry when we don't deliver

my former boss from Benue state used to say if the Yorubas and ibos can unite, the north will tremble!!!

Wahahi bro! If Igbo's and the Yoruba nation can unite, then Nigeria will see great progress. Even in this era of mutual suspicion, you can still witness a healthy rivalry devoid of bloodshed.

Politics › Reason for Nigeria's backwardness: Intellectual battle between Igbo's and Yoruba by chikachike86(op): 1:57am On Dec 23, 2017

Abeg if you're a southern and your tribe is not mentioned, it means you've got to pitch tenth with either. I don't even know were to group the "middlebelters", though if united by whatever concept, other than tribe and religion forms a formidable bloc in Nigeria's politics. The leadership of the pre independent Yoruba Nation thought of education as a liberation force of the mind, while the Igbo's, my dear people, are motivated by the discrimination of the poor( notwithstanding the fact that its a universal concept)

The Northern moslem oligarchy( devoid of the brain washed multitude's) has enslaved us all, leaving the free thinkers to wallow in self doubt.

Drops the mic n' walks majestically even after the e-lords arrives.

Celebrities › Re: Yvonne Nelson Becomes BK Unique Hair Ambassador [PICS] by chikachike86(m): 12:21pm On Nov 24, 2017

LesbianBoy:
That is a stoopid company! Why didnt they use female artistes that are still virgins like simi

Nice thinking! BUT IN REVERSE�

Business › Requirements, Cost And Duration For The Processing Of Pencom, Itf And Nsitf Cert by chikachike86(op): 5:17pm On Nov 23, 2017*

The economic system of Nigeria being a blend of Government and private participation calls for synergy between both partners in progress to formulate a course of action that will ensure the best-qualified contractors, firms and companies in line with the Public Procurement Act (PPA) 2007 secure the right or license to implement Government projects that best suits public interest.

On the strength of the above premise, it will be pertinent to take an in-depth look at the requisite documents and processes expedient to the issuance of a Pencom, NSITF, and ITF Compliance certificates in Nigeria.

PENCOM COMPLIANCE CERTIFICATE

1. A copy of the certificate of incorporation and evidence of FIRS Taxpayer Identification Number (TIN). These two documents accompany a Letter requesting for an employer code from PENCOM. The employer will submit the above-listed documents to a Pension Fund Administrator (PFA) who will forward the criteria to PENCOM for the issuance of an employer code.
2. Once the employer code is issued, the employer (who has more than 15 personnel) will be mandated to register at least 3 staff of the company with the PFA for a monthly pension contribution at the rate of a minimum of ten percent (10%) by the employer and eight percent (8%) by the employee making a total of eighteen percent (18%) pension contribution. The evidence of the Monthly pension contribution will be provided by the PFA for presentation to PENCOM.
3. After concluding with the PFA, an application will formerly be made to PENCOM for the issuance of a compliance certificate which will be accompanied by a certified list of employees of the organization and their Monthly rate of pension contribution as at the end of the last fiscal year. The certification is best done by at least two directors of the company to establish its authenticity.
4. Last but not least, is evidence of a current Group life insurance policy for a minimum of 3 staff specifying the sum assured

NATIONAL SOCIAL INSURANCE TRUST FUND COMPLIANCE CERTIFICATE

Below are indispensable for an application for the Certificate:

The employer/company will be expected to signify their intention to secure the compliance certificate by making a request on its letterhead paper to the Fund. And the letter will be accompanied by the following documents:
1. A copy of the Certificate of Incorporation issued by CAC
2. Completed ECS RE 01 Registration Form, payroll Form RE 03, and the 10 digit Registration Number issued to the employer upon registration with the Fund.
3. A copy of the NSITF receipt showing evidence of payment through remita.net.
It is important to note that the assessment of the liability of the employer subject to the issuance of an NSITF Compliance certificate is 1% of 5 staff total salary for the Number of months applicable to an applying employer/company.

INDUSTRIAL TRUST FUND CERTIFICATE (ITF)

The following are essential for registering an employer for an ITF compliance certificate:

The process of registering a new employer for an ITF compliance certificate is as follows:

1. The Prospective Employer can download ITF Form 7A (Employer Registration and Payment of Training Contribution Form) from ( ibechidoassociates.com/download-legal-documents/ ) complete it and present it for submission at the nearest ITF area office along with
2. A copy of the company’s certificate of incorporation issued by the CAC
3. Certified True Copy of the Company’s Audited Account
4. A copy of the Company’s Tax Clearance certificate.
5. At the ITF area office, a Revenue inspectorate and compliance officers will evaluate and assess the liability of the company based on the total annual payroll contained in the Company’s Audited Account.
6. The subsequent step will be for the company to generate an RRR based on the assessment of the officer through the Remita platform and make payment at any Bank for Training contribution.
7. After payment is made, the company is expected to return the Remita payment receipt and the duplicate teller from the Bank to the ITF office. A Hard copy receipt and an Acknowledgement letter will then be issued as a final confirmation of the Payment of Training Contribution.
8. At this stage, the ITF Area Office will then forward the employer's details as contained in the ITF Form 7A to Headquarters’ Revenue Inspectorate and Compliance Department for issuance of ITF National Number.
9. The ITF National Number will then be sent to the Area office for scripting and issuance of a Certificate of Compliance which serves as evidence of compliance with the ITF Act.
In conclusion, the tripartite nature of this application is centered on the fact that they are indispensable for any application for submission of a tender/expression of interest to execute a Government contract and on that basis has to be treated concurrently.

Okpi, Ibe Chinedu is the Principal Partner in the Law Firm of Ibe, Chido, and Associates (www.ibechidoassociates.com.ng), with extensive knowledge in Corporate and Commercial Law Practice. He can be contacted via phone: 07069279374 or email: Ibechidoassociates@gmail.com

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Romance › Re: Man Climbs Palm Tree In Pre-Wedding Photos As Fiancée Watches by chikachike86(m): 2:08pm On Nov 16, 2017

XTLikeNat777:
People no longer pray concerning the success and sustenance of their marriages but rather shoot pictures even in the gutter...

Truly Satan is working round the clock!!!

End time is real..

Haba! How you take know say them no pray? After all no be church they meet?

Romance › Re: Man Climbs Palm Tree In Pre-Wedding Photos As Fiancée Watches by chikachike86(m): 2:06pm On Nov 16, 2017

Shhhh01:
Two mumus

"Two mumus" just like that! Dey offend you before?

Politics › Re: How The Pope Render The Argument Of Private Jet Pastors Useless by chikachike86(m): 1:56pm On Nov 16, 2017

rejoice4eva:
If only you people can dissipate the energy you are using here to ask your so called political gods and leaders questions about trillions they have stolen.
Some of you have suddenly turned to judges. Why can't you wait for God to judge?
After all these attacks and persecutions, are you contented and satisfied? No. You see nothing can demote the one God has promoted.
My advice: wait. let God judge them. As long as they are doing the will of God, you may as well be kicking against the thorns.

Oga nobody's judging them, all I can see so far from comments of people is that of a man who wants to worship God but is refrained from doing so because of the approach of churches to tithe and offerings. Can you image that in some churches, if your tithe card is not up to date, you will not be accorded the full entitlement reserved for punctual tithe payer's.

Politics › Re: How The Pope Render The Argument Of Private Jet Pastors Useless by chikachike86(m): 1:41pm On Nov 16, 2017

life2017:
Doing some charity to cover up is not the issue. What portion of thier income is for charity? A church is supposed to spend at least 50% of thier income on charity in my opinion.

Guy most companies in Nigeria do not pay tax so its hard to ascertain how much they make. So you will have to understand that there's no way you can know how much tithe and offerings a church collects to deduce 50% of the amount.

Therefore, its safe to accept a Man of God who teaches the word, tax you less and give "significantly" to the less privileged and people that suffered misfortune in our society.

Politics › Re: How The Pope Render The Argument Of Private Jet Pastors Useless by chikachike86(m): 9:07am On Nov 16, 2017

scribble:
The Vatican is worth like $100 billion

Catholic church is founded on a system of collecting money for prayer, redemption of souls, offering, forgiveness of sins etc from catholic faithful

Then merchandising. The sale of rosaries, candles, idols etc

All oyedepo dey sell na book, and white handkerchief

Why do u have a problem with a black system of wealth generation

But they don't flaunt it. Prophet T B Joshua has money in excess, but he's loved by many all because of his charity works that's commensurate to his wealth. Other GO's might be giving to the less privileged, the only problem that attracted this Nationwide condemnation is the way they display their wealth thereby insulting the sensibility of people. All this tithe problem can be traced to Oyedepo's brand of teaching on wealth which most pastors have come to embrace.

Politics › Re: Raymond Dokpesi Visits Obasanjo Over PDP Chairmanship (Photos) by chikachike86(m): 8:33pm On Nov 12, 2017

Godjone:
my advice to the pdp is that they should stay clear of this man called obasanjo

WHY!!!

Sports › Re: Luxurious Lifestyle Of Andre Ayew, Ghanaian Blackstar Player by chikachike86(m): 10:24pm On Nov 06, 2017

mhizesther:
My love for dark skinned guys ehn

You are dark and you're into dark skin guys? Wehdon o!

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