₦airaland Forum

Brainbox0806:
Thanks for your response . I've involved my lawyer, he said that he will be adding some clauses to the deeds agreement that will empower the intending buyer, such as if any problems occur in future consultant C will be solely responsible.

'Consultant C will be solely responsible'.

1. This is not enough. All it means is your man will be able to sue (civil) and instigate police investigation (crime) against Mr C if things go wrong, but these processes will be very costly, time consuming and immensely stressful with no guaranty your man will ever gain possession of the property.

2. You don't buy a property on the basis of a 'consent letter'. Mr C should provide a 'Power of Attorney' from the current owner.

3. Your lawyer needs to do a lot more investigation about the property before going ahead with this transaction.

As the neighbours don't seem to have much information about the property, your lawyer needs to put his 'Secret Agent' hat on. First, he needs to identify family members of the seller, establish their knowledge of the property, and ask pertinent questions. He should also try and obtain the sellers overseas phone number and speak to the Seller directly to establish he truly owns the property.

Mr C will be furious when he finds out you guys went behind him to speak to the Seller, but that's none of your business.

When it comes to property/land in Nigeria, you can never investigate enough o. If any Seller is putting obstacles in the way of your investigation, walk away. Once you pay, any issues after that you are on your own o.

It goes to show that the main driver of the naira/dollar price is speculation.

Speculators are trading the naira like they are trading tomatoes.

Instead of people to put their money into productive use that'll benefit the economy they are buying another country's currency just to make profit.

These people wake up every morning hoping the dollar has gone up.

Yet, these unpatriotic lot are also on social media blaming the President and the CBN.

Ok na.

Nigeria will have the highest inflation in the world within 3 months of your policy coming into effect.

The naira will be worse than the Zimbabwean dollar within 6 months.

The country will become bankrupt and there will be mass starvation and migration to west and cental African countries.

Running a country is not as easy as people think.

It is reasonable for a lady to wear a bra, but does it need to be policed.

Also, if someone is not wearing an underwear, why should that bother the rest of society since it is never obvious that an individual is commando.

SunTzu123:
1. Improve balance of trade. How you ask? By increasing exports!
In Nigeria s case it's easier; if we truly saving N1T every two months from subsidy, why not fix our refineries? Palliatives is another subsidy fraud! (By the way, do you know ANYONE who received TraderMonie?)
If our refineries are working, we will not be importing fuel!
Devaluing your currency actually helps if you are an exporting economy! (China makes sure the yen is always lower valued against the dollar!)
Why is NO ONE talking about getting our refineries back to work so that Nigeria becomes a net exporter of refined petroleum products?

Ever wondered why governments since Obasanjo have been trying to repair refineries and they still don't work?

Also, this idea that if refineries are fixed, we will not need to import or that petrol will be cheaper is just laughable. Refineries run by civil servants will produce oil cheaper? With the massive corruption that'll go on there? These refineries need to be sold if the government can find a fool to buy them.


You say the way to bolster naira is to export more. This is not an expo. Successive governments and experts have been saying it for decades and there are many govt incentives & schemes to boost export. Just screaming more exports, more exports makes no difference. What are you personally doing to produce something the country can export? You think the goods to export will magically drop from the skies. Or it is the President and politicians that should go and work in a farm or factory to boost exports.

And by the way, since you know export is the way out, and it is that easy, please what products can Nigeria export to Japan, South Korea, China, Germany, Uruguay, Mexico etc Garri, Yam, electronics, aerospace spare parts, vehicles, trains, TV, computers?

Tell us na.

Other countries's citizens are busy in factories or researching new products they can export, whereas half the Nigerian population are on social media pontificating, attacking one another, abusing politicians, and insisting the country must be destroyed.

Ok o.

Persephone1:
Watched it, love it.

MT must be a GenZ or Non Yoruba to criticize the movie. Not that I blame him, one may not be able to relate with some things out of one's culture.

' GenZ or non Yoruba'. He may be neither.

He just sees the movie from a different perspective and his take aways reflect his unique personal experience. Movie watchers' experiences will differ from person to person.

We can, and should accept that.

People should please leave @MT alone.

He expressed an opinion about how Yorubas fought wars in times past. Some have countered and provided a more correct view.

That's should be enough. On reflection, he would probably now admit he was mistaken. That's fine. We all make mistakes.

Calling him a liar, and some of the aggressive responses to him are totally unnecessary as they draw attention away from an otherwise interesting and somewhat educational thread.

Let's get back to talking about the film. I'm not a film person, but this indigenous film success story warms my heart on this grey, overcast Saturday afternoon

When I was at Ife, we genuinely believed we were the best in the country. We were unbeatable...well, almost.

We come reach law school, na one guy from University of Ekpoma come be the only first class for our year.

Shuuu..! Ekpoma ke.

OAU guys left law school with our tails between our legs.

Attending OAU was a special privilege. Nothing beats it.

You'd expect the African Union to make a stand, call an extraordinary meeting, and resolve to quit the World Bank if it doesn't reverse its ridiculous decision.

But that ain't ever going to happen.

African countries always need bailouts, loans etc, so they will keep quiet.

This government is on track with good economic reforms.

Unfortunately, it will take some years for the man on the street to feel the impact. That's because the errors of the past 25 - 30 years are so deep.

LegendHero:
I support Dr. Joe Abah.

Shebi Abuja people dey shout ELupee 74 after being deceived with Peter Obi lies of being a Christian messiah.

This is hypocritical.

Majority of voters in Lagos State voted Labour Party, yet you would be up in arms if Lagos state's ministerial slot was given to a non - indigene.

Why the double standard.

And this idea that people who don't vote for a governing party should be punished is not only dangerous, it is crass.

I hope that Navy Commander will be held to account and the outcome of the investigation is made public.

Officers who aid and abet these thefts should be dismissed if found guilty.

I didn't see anywhere the Justice mentioned 'the young ones are watching', or words to that effect.

He said he would allow it 'because the whole nation is attentive'.

PDP strategy of filing 3 different final replies is not the usual practice and you can see the Justices were irritated and only allowed it in order to avoid controversy.

One of the Justices even mentioned the number of pages of each of the 3 PDP 'final' written addresses. Is there any other way of saying 'this is ridiculous'. I don't think so.

Irritating Justices in this way in the very last acts of a long case is poor strategy because that irritation will likely stay in their minds as the begin to write their judgements in the coming days and weeks.

theophorus:
That's over 700k Nigeria money ooo.

For your information, over 75% of Nigerians have less than 50k in their account and 50k is less than 100 USD.

You are not comparing like for like.

The truth is, as rich as the USA is, too many of its citizens are in a precarious financial position.

In real terms, somebody having $1000 in the US is probably the equivalent of having may be N100,000 in Nigeria.

To give you an example, an X-ray in the US will cost about $200 (N160,000) or more. The same X-ray taken with the same machine in Nigeria may cost no more than N25,000 ($30).

$1000 doesn't go far in the US.

Lukepeter:
And how many percentage of Nigeria have #100,000 in savings? Abi what's the meaning of what you posted?

It is actually a shocking information/news.

In most US states $1,000 can't pay for more than 1 month rent for a 2 bedroom apartment.

That means around 150 million people are in poverty or one step away from it.

And, unlike Europe, social benefits are not as generous in the US, so if these people lose their source of income, eg their job for any reason, they are in trouble.

In addition to having little to no savings, most Americans also have large debts so it's a double whammy.

For a country with a budget of about $800 billion just for defense, it is incredible that so many of its citizens are poor, homeless, can't afford medical care etc

This is a very serious social theory issue for a young country like Nigeria that still has the opportunity to shape how it wishes to develop going forward.

Is the US showing us that in the long run, unbridled capitalism and free markets concentrate wealth in the hands of too few people while condemning a large percentage of the population to near poverty? More like we already see in Nigeria where the gap between the rich and the poor is humongous.

Do we, as a country, need to look at the Scandinavian model and not the USA's 'You are on Your Own' model?

correkguy:
Also people marry for wrong reasons only to realize that they have no connection with their spouses

Marrying 'for the right reasons' does not stop infidelity. Neither does money or having a connection with your spouse.

Genuine enduring mutual love and attraction will likely stop a woman from cheating. But it won't stop many men from occasional extra marital liasons.

It is a complex matter.

Lack of money, lack of opportunity, religion, and fear of God are some of the reasons even more people are not cheating.

And then there are a few who will not cheat under any circumstances.

However much you say, many Nigerians don't want to hear it.

Nigeria could and should be better, but many countries around the world are in a more desperate situation.

Argentina: inflation at over 100%, their currency has nearly collapsed. By the way, inflation in Nigeria is around 23%

Egypt: Their currency lost 50% of its value last year; basic foods have become a luxury.

Lebanon: The currency has completely collapsed. They have more or less abandoned it for dollars. Previously middle class people are picking foods from waste bins. A loaf of bread in Lebanon cost about 20 times the price 3 years ago. In that time, Nigerian loaf prices have increased less than 3 times.

Several other countries, including Ghana, Venezuela etc are in worse situation than Nigeria.

None of the above is a reason not to criticise Nigerian governments.

But we have a new government trying to correct some of the economic errors of the past 20 - 30 years. Let's give it a year or two to see their performance...but no, some Nigerians insist we must continue in the old way even if that means borrowing more and more to keep prices of goods down (subsidy).

Smh.

Some of these make good sense.

Obaofaba:
Good!!!

We've been having ministers from the time past, but with Asiwaju what we'll be having is super ministers or simply put, prime Ministers.

The numbers of technocrats will surely outnumber the politicians.

The politicians will also not be assigned the technical portfolios.

Asiwaju's government just got started!!!

Lol

If it was that easy, the President will have finalised his list a long time ago.

It appears the competition for places has been fierce and the President has found it difficult to decide.

I think there has simply been too many politicians to compensate, and many of them have refused to back down even up to these last minutes.

patricknz:
But it will give you an edge over others if you decide to apply to a University abroad for your postgraduate studies, especially UK and Canada.

I have a lot of applicants here for Social Work msc, a lot of them have been rejected(As expected) because they don't have an undergraduate cert in that field or at least any related field, neither do they have the work experience.

Interesting. I didn't know that.

Thanks for clarifying.

A 'Social Work' degree from Nigeria will not get you a job in that field abroad.

Please ignore those advising you it will be lucrative in Tokyo, Australia, and Peru etc

It is not a good thing to say, but if I was going to University in 2023, I will not choose 'political science' or 'social work.'

You need to study a subject that will give you a good chance of securing a job when you graduate.

If I was in your shoes, I would rather spend my next few years like this:

1. Learn furniture making at a good company for 2 years or however long it takes to become competent.

2. As that is going on, I will register with Open University and study a course. If I absolutely want political science, then I will study it there.

You will graduate with a degree at the same time as your mates who attend a regular university, but you will already be making money 2 - 3 years before them.

He looks a shadow of his former self.

What a dramatic fall from grace.

slowice:
Lawyers are our biggest problem in Nigeria not politicians.


A society where lawyers want to live the flamboyant life of superstar, is a doomed society.

The overwhelming majority of Nigerian lawyers do not live or espouse a flamboyant lifestyle.

To live a flamboyant lifestyle in Lagos for example, you probably need to be making may be N120 million or more per year. And that's for the mainland. Island is another story

Most Lawyers don't make that much, and besides, that sort of lifestyle is not consistent with the conservative nature of the profession.

Majority of lawyers keep a low profile.

'Nigeria is the fourth most indebted country in the world'.

False.

'Nigeria should seek debt forgiveness'.

So, creditors, made up of private citizens, corporations, and foreign governments will give up on their money. Just like that. Because Nigeria is their responsibility?

If a government go on a predictable pattern of borrowing, then wasting and embezzling the money to purchase private residences in London, Geneva, Paris etc and generally use borrowed money to fund the extravagant lifestyle of a few politicians and public servants, then come back crying to the lender, you genuinely believe the lender will just say, oh my Nigerian friends, no problemo, I write off the debt you owe me, go and sin no more

Also, which lenders will ever want to lend Nigeria money in the future, knowing the country will not pay it back?

Some people are just laughable.

libertyfather:
same has to be apply by the state and federal government...this are the people that sense the solution not 8k useless modafuka, if all lcda can come up with this couple with state own join with federal own what are we talking about? solution is 100/100

It can't all be about buses or public transport.

The number of Nigerians who take public transport daily is less than those who do not.

To the latter group, and particularly if you live in a rural area, N8,000 every month for 6months will go some way. If the govt increases the amount, that's even better. Tge biggest problem with distributing money is how to get it to the people who need it. I just can't see how it will happen.

But generally, Nigeria is not only about people who have the loudest voice on social media. A government has to look at solutions that work best across all sections of society

Phantom233:
They won't like such ideas cos it will not allow them to continually victimized and loot the people's common wealth. Moreover they don't really want anything good to reach the common man.

Anything that is subsidised on a large scale in Nigeria will most certainly become enmeshed in mumenetal corruption, like fuel subsidy.

The subsidy won't get to those who need it.

However, the government can immediately remove import duty on solar panels, and remove other obstacles to their importation so the price can be cheaper.

Widespread adoption of solar and the entire value chain will create tens of thousands of jobs across the country.

It is an easy win, but Nigerian policy makers just won't see it.

Many lawyers don't pay much attention to indemnity clauses in a contract. That is dangerous for their clients.

At University and law school, tutors spend may be 5 mins in total on Indemnities, and so lawyers start practicing not truly understanding its ramifications.

When you allow your client to promise before a court, to indemnify another party, that is doubly dangerous.

An indemnity is effectively an insurance/assurance and very close to a guarantee.

It should not be given lightly.

Once given, there are not many ways to get out of it.

Poor business and legal risk management on Ecobank's part.

The freezing order came with an unquantified open-ended financial risk, yet Ecobank proceeded with obtaining the order.

Did Ecobank's lawyers not draw the bank's attention to the risk, or did it ignore advise.

They are likely to have the N72 billion reduced on appeal, but the whole judgement is unlikely to be overturned unless there are matters of law that we do not yet know about.

BabaRamota1980:
Any advice on DOs and DONTs will be much appreciated.

My Ministry is relocating me to Anambra.

What should I pack along?

Do your job and keep a low profile, I guess.

As for what to pack, the usual na - same things you'd pack if you were moving to Abuja, Kano, or Port Harcourt etc.

Vehicle owners are in complete shock right now.

Some of the people I know don't even know what to say. Some just greet me through the nose and quietly move on

If electricity prices jump on top what is on ground already, that might just tip some over the edge.

Oga Nepa, thread softly o.

Subsidy is gone.

They need to adapt their business expectations to that reality.

Car owners are in severe shock right now.

Reduce staff, close some pumps, and hopefully demand increases in the coming months.