₦airaland Forum

LOC1:
The vandals have for long overstayed their welcome. Good work there by our forces

Facebook FB -0.51% CEO Mark Zuckerberg added $3.4 billion to his fortune in just over an hour on Wednesday in after-hours trading, as the market cheered the social media company’s impressive second-quarter results.

The gains pushed Zuckerberg’s net worth to a new high of $56.7 billion, according to FORBES estimates. He is currently the world’s fifth-richest person, right behind Jeff Bezos, who has an estimated fortune of $64 billion.

Facebook’s stock price soared 6.5% in after-hours trading to $131.40, as of 5:15 p.m. Eastern time Wednesday. The rise followed the company’s announcement that revenues and earnings had eclipsed analysts’ estimates, primarily thanks to gains in mobile ad revenue. Revenues in the second quarter rose about 59% to $6.44 billion, topping the $6.02 billion that analysts predicted. Profits increased to $2.1 billion, or 71 cents a share, exceeding analysts’ estimates of 57 cents a share.

In April, Zuckerberg’s fortune rocketed up by $4.2 billion in after-hours trading after Facebook’s strong first-quarter earnings. Like other billionaires who hold the vast majority of their wealth in one company’s stock, his fortune can rise or fall by billions of dollars in minutes or hours, following quarterly reports or other major company news.

At age 32, Zuckerberg is the youngest of the world’s ten richest people. He first appeared on the Forbes 400 in September 2008 with a net worth of $1.5 billion, when Facebook was still a private company. Since its IPO in May 2012, Facebook stock has risen nearly 223%, catapulting him into the ranks of the five richest people on Earth. Besides Bezos, only Bill Gates, Amancio Ortega, Warren Buffett and Bezos are wealthier.

The Nigerian Navy on Friday said it had successfully blocked all escape routes of the pipeline vandals in the Arepo, Ikorodu areas of Lagos. The Flag Officer

Commanding (FOC), Western Naval Command, Rear Admiral Fergusson Bobai said this at a news conference held at the Command’s Headquarters in Apapa, Lagos. “We

the blocked escape routes toward Ogun State and we are going to sustain this operation and see, where it will lead us. “The essence of having this blockade by land and

water is that when they are running out, we will be able to grab them, profile and investigate them,’’ he said. Bobai, who confirmed that there was an ongoing operation at

the Arepo area, said the directive for the operation came from the Chief of Defence Staff (CDS), Gen. Abayomi Olonishakin. “The directive came from him, for us to carry out

the operation in the Arepo area. “This is with a view of dismantling the vandals who are scattered in Arepo, Ibafo and Ishawo areas of the state. Initially, we were directed

not to use air power. “But when we carried out an assessment of the area, a lot of the vandals moved from the areas accessible by water and land to areas that were

difficult terrain into the swampy areas. “We had to use the air power, which was granted by the CDS,’’ he said. The FOC said the Navy collaborated with Lagos and Ogun

governments since the operation was between both territories. Bobai said other security agencies were participating, stressing that the navy had also employed the

Special Boat Services alongside the Directorate of State Services. He added that the Navy would not only arrest the vandals but would also get at their sponsors. The FOC,

who also spoke about the kidnapped of the monarch of Iba, noted that there were ongoing meetings with the Police to ensure that the Oba was safe, even if he was within

the area of operation.

policy12:
Hmmm whether videoshop,Photoshop,nairalnadershop,facebooksop naija polithiefians are not worth dying for.

yekparikpa:
Adekunle Gold...that's if know what i mean.

Emmatdayo:
i also heard the man has only one car, which he has been using for over 20 yrs

So fifty's magnificent mansion, with it's helicopter pad, casino and night club has found a buyer for $8 million. The buyer reportedly plans on turning the mansion into an assisted living facility for the elderly. It's time for the building to retire and serve the retired!
Any lessons? Obviously!
Do not be cent wise (don't pardon the pun) and dollar foolish.
Do not be a spend thrift, be an investor.
Don't go broke trying to look rich.
Build value on yourself, don't just make money
and finally, in a world of 50 cents, be a Warren Buffet!
To bring the message home, don't spend all your money on a fabulous residential home.

WARREN BUFFET
Do you see the boring little house in the bottom of the picture? It belongs to, and still belongs to the worlds greatest investor and the second richest living person on the planet, Warren Buffet. Warren buffet is worth $65 billion dollars as at the time I'm writing this post. How much is his house worth?
Billionaire investor Warren Buffett bought the 5 bedroom house in 1958 for $31,500, in today’s dollars that would be around $260,000. Buffet pays a miserly $13,859 in annual property taxes. This is the same man who paid $34 billion dollars to buy a railroad in 2010 and $12 billion in 2013 to become partners with Heinz. He has money, but not for splurging and squandering. Everything around buffet acquires value! A 5 bedroom flat opposite Buffet's house has been listed at $2 million, just because buffet lives next to it! $2 million for a 5 bedroom apartment? Well, someone bid $3.4 million just to sit and have lunch with this man. And he's worth every cent. Warren Buffet isn't going bankrupt anytime soon, and that's a gross understatement.

FIFTY CENT
Have you seen the magnificent edifice in the picture above? The one on top? (Note: when a house is this big and looks this good, you dare not call it a house! Edifice is more fancy and befitting. So let's call an edifice and edifice.) ahem!... It belongs to the rapper Curtis Jackson, popularly known as fifty cent. No let me rephrase. It BELONGED to 50 cent for they are parting ways. You see fiddy, like every other multi millionaire who lived in this house ...er... edifice is filing for bankruptcy. Let me give you a brief history of this edifice, or let's just call it a Mansion for the sake of convenience.
Jackson’s megamansion in Farmington, Connecticut boasts nine kitchens, 21 bedrooms and a casino, and was formerly the home of Mike Tyson. The boxer also went bankrupt while living in the 52-room house. After Tyson squandered his millions, the mansion passed to his ex-wife as part of a divorce settlement in 2013 She sold the home to Jackson in 2003 for $4.1 million.
Fifty and Tyson weren't the only bankrupts to live in this masterpiece of architecture. The mansion was originally built for $2.3 million in 1985 for Benjamin Sisti, founder of Connecticut commercial real-estate development firm, Colonial Realty. He later went to prison for bankruptcy fraud.
The 17-acre home then went into foreclosure and was eventually sold to Lithuanian import-export businessman Romas Martsinkiavitchous for $2.7 million. He sold the mansion a year later because he was reportedly facing bankruptcy at the time, according to the Boston Globe. Martsinkiavitchous sold the house to Mike Tyson in 1996 for $2.8 million. Tyson bestowed the behemoth to fiddy and now fiddy is about to pass it on, not for free though.
According to Jackson's bankruptcy documents, he has a monthly income of $184,000 stemming mainly from royalties and interests on his investments. His monthly expenses run to $108,000. The house alone gulps $72,000 monthly in maintenance costs! (do the math)

''Do not be cent wise (don't pardon the pun) and dollar foolish.''
''Do not be a spend thrift, be an investor.''
''Don't go broke trying to look rich.''
''Build value on yourself, don't just make money
and finally, in a world of 50 cents, be a Warren Buffet!''
''To bring the message home, don't spend all your money on a fabulous residential home.''

babyfaceafrica:
my main problem with this death penalty is a some gals accuse guys of rape after a sour relationship.Death may only be admitted when it is 100% she was raped...No innocent soul should die.

prinsam30:
Gbagi Villa is one of the villages in Kaduna state living in peace and harmony for a very long time, I will advice he should go to his own village and destroy it before any other...

shey dem say leadership by example, make him start then others go follow, very useless governor in the history of Kaduna state

Nutase:
Gbagyi guys do it d traditional way.

emeijeh:
This man.....
Be careful o!
Apostle Suleiman is coming for you

Tension as El-Rufai issues demolition notices to 3,500 houses, 40 churches, 16 schools

A large crowd of residents of Gbagyi Villa – a suburb of Kaduna metropolis – on March 17, trooped out, carrying placards in protest against demolition notices issued to them by Kaduna State Urban Planning Development Authority, KASUPDA. The residents said they had been living in the community for decades and had acquired the necessary titles to the lands and, as such, were jolted by the intention of Kaduna State government to eject them.

Mr. Chris Obodum, Chairman, Gbagyi Community, later told journalists that the community boasted of about 3,500 buildings, 40 churches, 16 schools and 35,000 residents. He narrated: ‘The story of Gbagyi Villa is easy to understand. For hundreds of years, the area has been inhabited by the Gbagyi people. However, sometime in 2010, a suit was instituted against some members of the local community by Kaduna Polytechnic. In the course of the court proceedings, the polytechnic sought for settlement out of court. The court obliged and the matter was settled amicably.

“Thereafter the Kaduna State government issued a White Paper to that effect and the Surveyor General prepared a survey map demarcating the polytechnic land from that of the community. “The polytechnic accepted the resolution of the dispute and, thereafter, proceeded to erect a concrete wall fence demarcating its land from that of the community. “From the foregoing, it is clear to us that the polytechnic is not laying claim to Gbagyi Villa and has no pending case against us. For the Kaduna State government to claim that our community, after all these years of existence, sits on the polytechnic land is incomprehensible to us.

“Furthermore, the allegation by KASUPDA of non-possession of planning permits is false. KASUPDA knows this. It is just a veil to deceive the public and to obscure the true motive of government,” shortly after the community headed to Kaduna State High Court, presided over by Hon. Justice Hannatu Balogun, who granted an injunction stopping “the state government, the Attorney General of the state, Kaduna State Urban Planning and Development Authority KASUPDA), respectively as respondents, either by themselves or through their employees, staff, servants, agents, proxies or whosoever, from demolishing or destroying the applicants’ buildings,” until the case was disposed.

The court order caused wild jubilation in the community, returning hope. Last Thursday, five months later, as Governor Nasir El-Rufai visited the place to see for himself, anxious residents lined the streets, not knowing what to make of the visit. But many of the residents, who spoke to Sunday Vanguard before the arrival of “Russau” (‘demolisher’ in Hausa tongue – which seems to elate El-Rufai), said they were sure that when the governor saw the quality and number of buildings in the community, he would be moved by compassion to forget any planned demolition in the estate.

“He must have been told that this place has mud houses, that it is a trench town abode of law breakers. I am sure he will see how decent we are. I am happy that he is coming,” one resident said gleefully. However, after the departure of El-Rufai, the wailing of the residents of Gbagyi Villa could be heard above the screaming sirens of his police outriders that cleared the path for him. The dark cloud that hung over Kaduna sky that evening could as well represent the forlorn feeling of the residents. El-Rufai later told journalists that the residents of Gbagyi Villa were illegal squatters and that anyone who did not have C-of-O and Building Permit would have his house pulled down. Since none of the residents has C-of-O, it invariably means that the ‘Villa’ will be demolished.


The governor, shown round the controversial estate by the Rector of Kaduna Polytechnic, Dr. Mohammed Bello Ibrahim, said it was unfortunate that thousands would have to lose life-savings because they broke the law. Bello had told him that Gbagyi Villa was an illegal settlement which had taken over 70% of the allocated land of the polytechnic even after compensation had been paid the original owners of the land about 40 years ago. Fielding questions from journalists, El-Rufai said: “This is a tragedy, because on the one hand, Kaduna Polytechnic got the allocation of this land, nearly 40 years ago for the purpose of establishing Mining Engineering School and subsequently a College of Environmental Studies. And not only the polytechnic would have benefited, but Kaduna state and the country.

“Unfortunately, as things stands today, according to the Rector, nearly 70 percent of the land has been encroached upon by illegal squatters. These buildings would have to go. We do not condone illegality in this state “And in Kaduna State, you cannot hide behind religion or tribe to break the law and get away with it. We will go through due process; we will give everybody due process to find out if he or she has title to the land and permission to build. If you don’t have the two, the law will apply and we will take your building down.

“It is unfortunate that some people have been deceived into thinking that this land is available for sale. It is unfortunate, and in our system, we are going to investigate all those involved in this deception and they will be dealt with. “Having said that, the law will prevail, and ignorance of the law is not an excuse. It is very unfortunate that many thousands will lose millions of life-savings for building illegally.

“My call to all people of Kaduna State is that before you start any building, get a Certificate of Occupancy and ensure you have the approval of KASUPDA to build. If you don’t have these two, your building is at risk. “The point here is that the law has been broken, and as the executive arm of government, our duty is to enforce. I don’t know any other thing, than upholding my mandate and enforcing the law.

“Going to court has very little to do with breaking the law. When you break the law, you can’t go to court and withhold action. This is a criminal conduct. The case in court is a civil matter. “You cannot steal from the state and go to court and say, ‘stop, don’t prosecute me for stealing’. They are two separate matters. We shall look into it. The rule of law must apply and we must all obey the law to be safe. This is what everyone should understand. “This is Kaduna State land allocated to the Federal Government. It is our job to ensure that Kaduna Polytechnic has its full title”.

Dharniel:
let's do a quick calculation, by what I'm seeing, each bundle of #500 should be a hundred thousand and I'm seeing an 18X10X20 (I.e LxBxH) arrangement (Not certain). So the amount should be 18*10*20*100000 = #360,000,000 or there about...
360 million by my rough calculation, not even up to a billion.

bittertruthz:
With the present situation in Nigeria, dont expect southerner to hold a strategic military position. There is 50/50 chances of beign IPOB or NDA sympathizer.

The mistake GEJ did was to use hausa/muslims to fight boko haram. He was so scared of the north and politically correct to involve hausa/muslims in fight against islamic terrorists.
Dasuki and other northern generals have secret contact with boko haram top men. They were not truthful to GEJ.

During OBJ regime, some group of Hausa navy in my inlaws team refused to join gun boat driven by a bayelsa navy officers.
They don't trust a Bayelsan to drive them safely to fight militants in Bayelsa. WHY SHOULD CHRISTIANS ALLOW MUSLIMS TO LEAD THEM TO FIGHT ISLAMIC TERRORISTS?

Military affairs should be far from politics and political correctness.