₦airaland Forum

ALIAMBIDILAI. I love smart pastors .

For those getting gassed because of David Cameron's bond investment you need to open your eyes. This is as much political as it is for economical reasons, something of which still doesn't benefit the borrower.
To comply with sharia law, Islamic investors are forbidden to receive interest, isn't it? Sukuks for instance issued in Britain and Germany avoid this problem by ensuring the fixed return investors receive on the debt is linked to the profit generated by an underlying asset." You can quote me anywhere and to any banker.

This is basically trying to sidestep Allah with a technicality lol

Oh.. news flash anyone . Dubai has just set up a financial centre which has its own civil and commercial laws, its own courts, and laws based on the best bits of English law precisely, defaulting to the laws of England in case of ambiguity. Don't you just love the Arabs? Oh Nigerians..

Anyway, any more questions will be swiftly answered as long as someone's life is saved from the scam. Need to get back to my research work .

barbstee:
summarily it deals more with profit and loss sharing and it most importantly protects faith so it is nt bn compelld on anybody

So... how does this differ to what I said? I even went ahead to explain it further than you ever did. Help your brothers out by displaying my ignorance, because so far, you haven't presented an argument as to why I was wrong.

arabianights:
I DONT REMEMBER STATING THAT I WAS INTELLIGENT,DID I? AS TO MY USING CAPITAL LETTER,THATS WHAT I CHOSE TO AND BESIDES THATS NOT THE BONE OF CONTENTION

You are not claiming intelligence, yet you feel authorised to talk about it. How does that work? I don't want to be rude but... Anyway, have a good day and God bless.

arabianights:
AS YOU WISH, YOUR HIGHNESS. IT HURTS WHEN YOU SEE A BEAUTIFUL LADY DISPLAYING STUPIDITY .
NEXT TIME, MAKE YOUR RESEARCHES BEFORE COMMENTING ON WHAT YOU DONT KNOW.

THAT ASIDE, I WENT THROUGH YOUR PAST POSTS,AND I MUST ADMIT......................YOU ARE WELL SOUNDED BUT AT THIS POINT, AM REALLY VERY SORRY BUT YOU DISPLAYED STUPIDITY AND LOW IQ.

SLEEP WELL.

I will make my 'researches' before commenting next time. Let me help you out, I know what I am saying and so far no one has been able to dispute my point apart from the usual red herrings. You are not in a position to talk about IQ, so revert..

arabianights:
YOU BOTHERED TO RESPOND? I CANT BELIEVE THAT A PERSON WILL SIT DOWN AND ARGUE SO STUPIDLY YET SHE SAYS NAIRALANDERS ARE STUPID.

FOR GOOD NESS SAKE HOW CAN AN INDIVIDUAL GET ON A PUBLIC FORUM AND JUST EXPOSE HER IGNORANCE AND LOW IQ?

SMH

Gosh. Mr Intelligent indeed . Hey, you don't need to use a capital letter either, as it automatically reduces your argument to a moot point.

arabianights:
I wanted to respond but theres no need.Clearly ,you are not N INTELLIGENT PERSON TO WASTE TIMNE ON.,
YOU DONT KNOW WHAT YOU ARE ARGUING ON.

STICK TO WHAT YOU KNOW, PLEASE!!!!!!!

You think you can just toss out a red herring and fool me? Foool, with your disjointed sentence and writings I can sleep better at night. Internet is truly an equaliser of people. You don't even need to bother, so go and worry about something within your mental capacity.

Not even funny. I can see why most politicians and rich people are sending their children to live abroad. What a country

Happiness87:
that's an example of how foolish Apc supporters are.

starting from OBJ who is a critical reason why Nigeria is backward is being celebrated by APC because he's on their side now, few years ago they were foes. Tinubu and Obj couldn't see eye to eye,

today Obj is a saint In the eyes of Apc.
Ameachi plundered rivers state, left 4months backlog, locked down offices of unloyal lg Chair, judiciary, crippled activities in legislature, abandoned projects, bought jet and helicopter for campaigns, wasted the states funds in APC,

he is now a saint, because he's in APC.

I agree . Though, i don't support Apc-pdp b.s lol. People are gullible it is so funny.

barbstee:
i guess u dnt knw wht Islamic banking is or perhaps u only see wht you intend seeing.A little research on the the islamic way of doing things wl be of hlp.

Why not educate me. I like to be challenged. Give me your understanding and let us trash it out with facts and references. You can't just toss out a cop out sentences without backing it up.

Happiness87:
see how your foolishness and bitterness has blinded you, the man was in PDP for over 12years, you are celebrating him now because he's in APC. you are very foolish

lol. Damn.

This is why there is no direction in the southwest. Most SW people thinks to benefit the whole country while the Northeners are massively planning and devising to turn everything in their favor.

AnambraDota:
Just check the number of senators between North and South, the number of rep members between North and South, the number of States between North and South, the number of LGs between North and south.

tell calculate it with the revenue being generated by both sides of the divide and wake me up when your done.

When your doing NYSC in North some states doesn't pay at all why the Highest paying state Jigawa pays 5K, but here in South the lowest paying states pay 5K while the highest Lagos, Rivers and Akwa Ibom pay like 15K....Northern NYSC will come down South make money but Southern NYSC members will go to North to live on cheap beans and goat meat N800 a month after which the Southern corpers will do CDS like boreholes and toilets for them through their uniform Federal allawe. and no state alawe to back up.

These are the subconscious ways to rob you of your resources but you don't know, you won't know and am scared if you will ever know.

Have you notice there is a little or no activity on this thread? People are scared of the truth so they would rather occupy themselves with irrelevant things. What a shame. Eventually, people will wake up maybe in the next 200 years but they will. The best thing is for you to make the current situation work for you as much as you can while contributing less to the federal government.

AnambraDota:
Southerners are myopic and stuupid, look at the North wanted Sharia in a secular Nigeria and got it, they have Sharia police in breaking beer bottles in North but they will collect taxes generated from the Booze Industry from the South.

Southerners are in the state of trance, they are stupi-id, ediotss and myopic.

Have you seen where Northerners sell their cows in Lagos along Agege Railway line, go and see how that place but they will make the money and return it to North without renovating the place and paying any tax, this is their way in East, all the garikis in East are dirty and stinking because of livestock dungs.

Southerners are bunch of stuupid and useless people, SE is begging for one more state to balance it to 6 but North Central as 7 states 1 in excess.
These states and bogus LGs are how resources down South are being shared, plundered and looted by the North, if we say they tag us enemies of the state.

Let's see what will happen now, the only revenue generator now is NLNG and Nigeria custom, plus coys in south that pay duties and taxes to FG, oil has gone down South and remedy aint in sight.

Tell me about the stupiditty of the southerners. This is the reason I don't take most Nigerians seriously.

asha80:
I am not sure issue of roads is really relevant in this discourse because state are in charge of state roads while fg control federal roads

They are, because they cannot fund it. Newyork contribute about 13% to the federal government. Do you think they can survive on less than 1% like lagos is currently doing? With more populations and companies, you tends to have more to do in terms of project and providing for people's basic needs.
The roads is pretty relevant because OGUN state government is not getting enough to run the state despite contributing a large sum. You can't compare it to sokoto who only has teachers, policemen to pay. Are you a northerner or YORUBA? I need to understand the context behind your comments. I don't expect a yoruba or an Igbo person to say the roads is not relevant. You can't just give people peanut and say get on with it. I am pissed.

Back to my work. Need to read this gem.

AnambraDota:
The issue is this.

I was in Ogun state on December 2011 around Lambe/Akute/Ajuwon area, I saw one massive project the governor embarked on two big flyovers that will connect those areas to Berger Bus stop.

Last month I was chatting with my sister who lives around that axis, she told me they are suffering bad road, I asked what happened to the massive flyovers and bridges the governor was building she said they are abandoned at 40percent completion.
Now Ogun State is collecting how much from federal allocation despite accommodating many coys that pay taxes to FG, how many LGs does ogun have, how many does Lagos has.

Kano have 44LGs when Jigawa was still inside Kano, we Jigawa was carved out of Kano, Kano still retain her 44 LGs while another 23 germinated in the newly created Jigawa from nowhere.
So does it mean Kano was having 77LGs before the creation of Jigawa.

Now Ogun couldn't complete all her projects because she has many schools to pay teachers salaries from meagre allocation while Kano that have lesser schools that the most backward state in the south will always have enough money to play around.

Open your eyes, when Igbos point out all these lopsidedness of the Nigeria state you people will tag us cry babies and wailers.

Niger Delta oil is down, all eyes on Lagos and surrounding economies down south because the North is barren.

Oh God! This is beginning to get to me now . I am too angry for words. Justice will soon prevail and the people's eyes will open. Most Yorubas don't seem to care about this at all. SW have worked hard to attract big companies and they can't even benefit from their sweats. I heard the northern region has the best roads in the country?
This is why I am no longer against the call for biafra.

PRYCE:
Yes we agree! But if I were the governor of Lagos state, I'd spend the first half of my tenure fixing slumps!

How can you fix slums when the state doesn't have the money. Their budget is barely enough to keep it running without loans and all sorts.

AnambraDota:
Love coverth all sins.

During census they were told that Kano was more populated than Lagos, they accepted it bc the NPC was a Gambari and President an Odua.

Now Kano without virtually anything to the center is getting more allocation than those bringing something.
The price of oil is down, Lagos will bear the brunt of Nigeria revenue generation why Kano collects with her 44 LGs.

Sooner or later I would be left with no choice but to leave nairaland. You know when you are helplessly hoping and fighting for people to see the light but they are instead closing their eyes.... I thought lagosians were smarter and more exposed than every other states. How wrong was I? I hail the northerners for a job well done in hypnotizing the southerners.

musKeeto:
I'm sure that also includes you, your parents and all relatives who are also Africans.


Across all spectrum of life, taking the benefits of an existing model( democracy, education, science) and tweaking it till it works in a particular system isn't a symptom of inferior complex. [s]Western nations like the UK have also adopted Islamic Banking[/s]



The rest of your post is as ignorant as Oremus' earlier post. And stop asking others to read. Go and read.

Stop giving me selective points. The Pakis in East London does not represent the UK. Anyways... enjoy your banking lol.

omenka:
I bet Jonathan and most Igbos are "simply gullible and incredibly stupidd" then.

www.thisdaylive.com/articles/fg-to-borrow-600m-from-islamic-development-bank/108986/

www.thisdaylive.com/articles/igbos-lead-in-consumption-of-islamic-insurance-products/144495/

Cure yourself of bigotry and wanton hatred. It does you no good.


You look beautiful by the way.

Did you even read the article? Do you know the terms and condition? The fundamentals of sharia banking still remains, so why don't you lecture me on the advantage. This is why some of you guys piss me off sometimes with soo much stupidityy. Why have a presumption based on opinion? Geez you lots are insufferable.

moufan:
pls just fuuuck off my mention, i hav the right to xpress myself

I also have the right to call out your stupiddity.. Intelligent Muslims don't even do the shiit you lots do. Go and get some education or something.

omenka:
The funny thing about these religious bigots is that they always betray they foolishness when they speak. They don't even realise their Hero did patronise such banks because of their favourable conditions. In 2012, their hero secured a $600million facility from the IDB to fund projects, www.thisdaylive.com/articles/fg-to-borrow-600m-from-islamic-development-bank/108986/ but their bigoted minds would hardly allow them look past their noses.

Smh.

And you think this is a good thing for us to borrow money from islamic banks?

moufan:
nice,interest free loan would be very beneficial to the small and medium enterprises and other entrepreneurship businesses

It is not. Get that into your head. Go and read up on islamic banking.

Africans are too stupidd. Why do we act inferior to every other race? Why do we need to adopt stupidd Arabian culture ffs? They are trying to free themselves from that backward culture while africans still continues to wallow in unending pit of stupidity. Saudi Arabia's Wahabists are tearing down buildings that have links to the Prophet and replacing them with skyscrapers and shopping malls, yet africans cannot reason beyond their nose.

I hate nairalands sometimes. Too many stupiddity.

phyllosilicate:
if the bank gives him an interest free lone, will he reject it.

It is not an interest free loan as much as you would like to think. Go and do your research. Islamic Banking or Shariah Finance as it is usually referred to, is the biggest scam ever to have been perpetrated on the naive Muslim public.

Instead of paying market-related rates of interest on borrowings as they normally would at the regular banks, Muslims are instead charged extortionate rates of interest and this is now dishonestly called profit.

The moolas who sit on these Shariah Boards are the biggest beneficiaries of this rip-off of the Muslim communities. How sad to see piety betrayed by greed. How very un-Islamic! Oyo state people needs to be educated and really fast before they get even more stupidd. I was reading up on Oyo empire the other day, about how rich and successful it was. What a shame.

You know what? Hopefully, this is the only thing they will adopt from their northern muslim brothers. I am not surprise as to why Oyo state looked so backward the last time we passed through... .

I don't know why Muslims deceive themselves with sharia banking which is almost impractical economically speaking (hello dubai ). As I understand "Islamic" banking products, they operate in the same way as other financial products - banks borrowing money at interest on the markets, providing debt finance to businesses and individuals but calling the interest something else.

Other approaches are for the bank to buy the asset (car, house) and for the borrower to buy the asset from the bank in installments, paying more than the bank paid for it originally, reflecting the time value of money - AKA interest by any other name.

The resulting high costs mean Muslims still prefer standard borrowing plans in the UK and most countries. Even nominally Islamic states like Saudi Arabia make sure to invest their funds in non-sharia products and companies.

I think the word here is "gullibility." Rather like "halal" meat that has actually been stunned, you will find someone to label your product halal. One of the leading clerics, Muhammad Taqi Usmani estimated that 85% of sukuk (sharia-compliant bonds) actually weren't.
http://en.wikipedia.org/wiki/Sukuk#Controversy

Nigerians are simply gullible and incredibly stupidd

adekzy:
It is of general note that there's always massive migration to more economical viable location; reasons for the massive immigration of Africans into Europe/America *now Asia and Aussies.

Despite all the assertion you've made, the ibos keeps throbbing those region(N&W) as there's also indication of massive immigration from the eastern region to the North and the West in search of what *Supremacy?* or greener pasture from a region that you more advance/educated than.

*Imp, It should be other way around*



My question now is what went wrong with the Alaigbo/Ndigbo Nation? Why the wandering spirit and neglect of it intellect people and advance hospitality region?

Kindly please educate us.

Thank you.

This is self explanatory isn't it? The war set the Igbo tribes back obviously. This, coupled with subsequent marginalisations after the war meant they were always going to play a catch up.


Op @ Lovesdaisied Can you put 'viewers discretion' warning on your title to warn people of the morbid picture of the king. A bit disturbing.

This is common in the UK and USA, so I don't know why you are judging her. If you live in the UK or USA please pull this down for your own sake. It's an invasion of privacy and violation of copyright.

There must be a reason for this. Any experts in the house

madridguy:
Okay bro but I believe the Lagos administrator knows better.

Lagos administration knows better ? This is just sad. I don't know what we can do to make people fight for their right because it seems my people are hypnotised by the northerners b.s.
Personally, I wouldn't feel comfortable with this if I was a northerner. Sooner or later people's eyes would open of which by then it might be too late.

madridguy:
Unopposed
Center of Excellence
Eko akete
Eko ile-ogbon
Eko ile aje
Eko Tinubu
Eko Akinolu
Eko gbogbo wa
Eko O ni baje
APC
CHANGE

What Change? I like pmb but you guys needs to see the bigger picture. Isn't it disturbing more than 99% of the money is going to the federal government? Lagos is being stretched to the limit hence why the human development index is one of the lowest among the big cities in the world. The fact no one seems to care is disturbing