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Foreign Affairs / Re: Trump Vs. Iran: It's Not Over (Analysis) by dominusgai(m): 6:31pm On Jan 10, 2020
And you, you feel you know anything? You are saying countries that are technologically and economically at an advantage will be defeated by countries that are in disarray, economically unstable, technologically unprogressive.

You must be Albert Eistien
Ryocaj:

Ur comment shows u know nothing.. try 2 read n gain knowledge.. don't just use ur mb to download porn
Travel / Re: US-Iran Face-Off: Tougher Screening Awaits Nigerian Travellers by dominusgai(m): 8:13am On Jan 10, 2020
How are they sleeping with one eye open? You do realize no US citizen has been killed so far, and this action is of grave consequences to Iran. I mean how can you shoot down a plane that carried more of your people.

It basically proves what Trump has been saying. The Iranians care so little about the life of others, not even those of their own.

US is not sleeping with one eye open but sleeping like a baby, knowing that when push comes to shove, they are capable of visiting on Iran 10 times what Iran gives them.
BafanaBafana:
Donald Trump says the US is safer now that Qasem Soleimani has been killed but it seems they are all sleeping with one eye open nowadays.
One funny thing about this issue is how US government representatives mention Donald Trump's name twice in every sentence when talking about the issue. You will hear some like "the drone strike which was ordered by President Trump was and act of self defence by President Trump to prevent the loss of American lives. This act by our commander in chief President Donald Trump has bla bla bla...

PS: To like or adore Donald Trump, you must have a great amount of hatred towards certain people based on religion, race, etc. If you were wondering why he has many supporters in Nigeria, you got your answer there - Children of hate plenty for here. People with rational mind don't really give a fvck about that nigga
Foreign Affairs / Re: Trump Vs. Iran: It's Not Over (Analysis) by dominusgai(m): 11:09pm On Jan 09, 2020
I laugh in Japanese. Cuba is a failed state, Yemen is in pieces, Syria same, Russia has all her neighbours as enemies, so if they join the war it is open season for them. And China, sweet China has so invested in other countries they will not risk joining a war with Iran. You guys seem to forget that China puts Muslims in camps, report says they harvest their organs. You really believe they will go to war over Iran. You also forget India is an Ally to USA. And almost all the western world are tired of Muslims in general. Then you have Dubai and Saudi that will side with USA

Now let us go to your own list. Somehow you believe countries like Cuba, North Korea, Yemen and Syria would defeat well flourishing countries like Isreal with a technological advantage. I mean the export of Israel is literally technology. Or South Korea, where they are on 7G. They have zoos made entirely of Holograms. Do you know the technology involved?
As for history, US won the cold war, the space war, the Pacific war. They were able to break the Soviet Union. Please tell me what war has Russia won over them?

The only reason they back down is the same reason Russia backs down too. In a war between them, no one will win. It will be mutual destruction and they know it. And that is why they take turns in backing down, not because they are weak or fear themselves.
Ryocaj:

The US, Japan, Israel, S.Korea, France, n Britain r not stronger than Iran, Russia, China, Syria, Yemen, Cuba n North Korea.. Iran's proxy factions will conquer the whole US allies in d middle east..Iran just isn't strong enough 2 take on US itself that's y they can't attack any US base.. only if they got Russia n China who will face d US.. The US always back out of any violence involving these two.. check recent history..
Foreign Affairs / Re: Trump Vs. Iran: It's Not Over (Analysis) by dominusgai(m): 8:51pm On Jan 09, 2020
There is no universe where this is true.
BigBashiru:


The United States military might is not stronger than that of Iran and her allys.
Foreign Affairs / Re: Trump Vs. Iran: It's Not Over (Analysis) by dominusgai(m): 3:50pm On Jan 09, 2020
The influence you give to Iran is grossly over stated. So US has what, paper missiles? In fact only bombardment of Iran by Is real will lay waste to Iran. Right now half of the Middle East hate Iran. And I laugh at the belief that US would be kicked out of the Middle East because of Iran.

The middle east is not as united as you think. If they were, US would not have been able to take Syria and Libya. At the end of the day, Iran will crumble in a battle with US. Wiped out off the face of the earth.
Befii:
Hmm dont miss d point. Any war that involves US against Iran, US would have more to lose. They would be kicked out completely from the middle east. Intercontinental ballistic missiles would hit their main land, their allies in the middle east and abroad would be subjected to missile attack. Israel would bear the brunt. US allies in Europe would also be subjected to missile attack, Iran has influence my brother. You shld know by now that Iran is the motherland is Shia Islalm, harm to Iran is harm to many other people.

4 Likes

Foreign Affairs / Re: Trump Vs. Iran: It's Not Over (Analysis) by dominusgai(m): 3:45pm On Jan 09, 2020
So what about the image and video of the guy spearheading attack on US embassy in Bagdhad? Attack that would have turned Benghazi if not for the quick action of Trump.

If he was in Iraq to discuss peace, what then was he doing instigating a riot against a US Embassy?
Slawormir:
Damnnnnn niggarrr

Trump should apologize

Soleimani was supposed to meet with irag prime minister in Baghdad to discuss about security and peace talks
No evidence to show he is aiding terrorists
And no evidence to show he is about to launch an imminent terror campaign
America should stop gathering false report and accusing people anyhow
That was how Saddam Hussein was accused of having enough arsenal
Till today no evidence
Killing a government official of a sovereign nation just because you have intelligent report that he is aiding terrorists is bad. Another country top commander for that matter! America dey craze o
Them just dey form power


Like i will always say
Although them go defeat Iran if them really fight but i can bet my balls Iran go bloody America small even Americans nor go see body take celebrate thier own Victory

For this life no body be superman

3 Likes

Business / Re: Benin Republic Traders Lament As Nigeria Closes Border by dominusgai(m): 10:18pm On Oct 24, 2019
GidiWoodsMan:


All the points you've made are valid, but a closer look at these issues will show you that border closure will only marginally address the problems with the Nigerian economy, which are actually systemic issues/problems.

What makes the Benin seaports so attractive in the first place? Why are a certain cabal of people allowed to keep our port authorities corrupt and inefficient (because of personal gain) to the point where importers prefer neighbouring seaports? Why does the Nigerian government charge 70% duty on vehicle imports when local assemblers cannot even meet 2% of local demand?

Are Nigerians meant to walk nakëd in the streets? If not, why ban textile imports when the local textile industry is dead?

We all know the answers to those questions above, but we have to keep asking ourselves because our political leaders pretend these systemic problems don't exist while they are busy executing dubious projects and enriching their own private accounts. We have to tell ourselves the truth or else the border closure will achieve nothing.

Bro, it's all about investor attractiveness. In a sane clime, these ban are supposed to make Nigerians with money invest in this industries.

The only problem is that even our rich people prefer quick money. They ought to have invested in these industries for now. we won't die, we would still buy clothes. And we would still eat.

As I said, this is one of the few decisions I actually support this government on.
Business / Re: Benin Republic Traders Lament As Nigeria Closes Border by dominusgai(m): 10:14pm On Oct 24, 2019
olujastro:

It's about 20% according to World Bank figures.
Bro, it is way more than that. 80% of goods from this country is sold to Nigeria. What else do they do if not trade?
Business / Re: Benin Republic Traders Lament As Nigeria Closes Border by dominusgai(m): 10:05pm On Oct 24, 2019
Wickedtruths:
“In no time, I will be relocating to my village to look for alternative means of survival since the market is becoming unfavourable daily,” Conde said.

Lol

Buhari is sending smugglers and their accomplices back to the village o!

This action has singlehandedly shown a glimpse of the economic power that Nigeria wields. As far as India and Thailand, they are crying. Even the IMF can't talk nonsense again, they are confused.

Buhari no get certificate, e no go school. Yet, he is confounding Professors of Economics.
Even a broken clock us correct twice a day. And no matter how bad you are, you are destined to get one lucky shot.

One good policy he made out of the 100 bad policy is not enough to claim he confounded professors. And the IMF and World bank are actually with him on this. Intact I believe they adviced him on this
Politics / Re: Ministries, Departments, Agencies In Secret Recruitments To Cover N9.2bn Fraud by dominusgai(m): 11:43am On Oct 23, 2019
So let me get this straight, they could recover 9.2 Billion naira, they had evidence that employment letters were issued and backdated, yet somehow no one has been arrested for it, and not a single name of any suspect given.

Kai, it is so easy to fool Nigerians sha

3 Likes 1 Share

Crime / Re: Finally, Obi 'invictus' Okeke Appoints Nigerian Lawyer, John Iweanoje As Legal R by dominusgai(m): 4:15pm On Aug 24, 2019
Eze2000:


Only if you knew how many people have been jailed in America for crimes they did not commit. The worst I ever heard was a guy jailed in his 30s for the horrible murder of a woman. More than forty years later, during which guy trains himself to be a lawyer right in his Jail cell, he sues the city and everyone involved in his case. They dig up things and ran the new DNA test on all evidence in the murder.

Booom!!!

There were two DNAs in the car where the woman was murdered 40 years ago but neither was a match to the man they jailed.

They released him sharply and then the city spent over 3 months begging him to accept $200 million in compensations out court. Apparently, it would be cheaper for the city that way.

There have been frame-ups by US cops that put people in jail for years. Black people are the worst affected by that shit... that's why every black man's worst fear is to be arrested by a white cop who is a white racist... Either you go to jail, get beaten or get shot... for doing nothing!!!!


At least he has a chance to retrial. Ogbeni, since I was born, and now I am an adult, I have never heard of a retrial in Nigeria. And trying to represent yourself is the greatest hubris you can commit in the Nigerian Justice system.

Another thing I have never seen is someone compensated for wrongful arrest by the Nigerian Justice System. Where that one wan take happen?

1 Like 1 Share

Crime / Re: Finally, Obi 'invictus' Okeke Appoints Nigerian Lawyer, John Iweanoje As Legal R by dominusgai(m): 4:03pm On Aug 24, 2019
Harddiskng:


You obviously have no knowledge of what you are talking about, do you know how many cases have been overturned. People have served years in prison in America for crimes they know nothing about. Numerous cases mahn, google is your friend.

It is estimated that about 2.3 - 5% of prisoners in United States are actually innocent. There are over 2 million prisoners in US, do the maths!

https://en.m.wikipedia.org/wiki/Anthony_Charles_Graves

https://en.m.wikipedia.org/wiki/Innocence_Project

While I agree with the statistics, I can also confidently tell you those statistics are not for high profile cases like this one. Most of the time, wrongful conviction is for cases like rape and murder where there is only one witness.

Also, that statistics is for local law enforcement, not FBI. In the last 20 years, no FBI investigated case in USA has been overturned, not one.

Ogbeni, this is over 12 million dollars, FBI is not EFCC that will arrest people for stealing 1 billion without an iota of proof.

FBI has done all the investigation, and re confirmed their investigations before they made a single arrest.

In Nigeria, it is the other way round. Over 60% of those arrested by SARS, DSS, EFCC are actually arrested without proper investigation and are actually innocent.

US statistics of innocent conviction is max 5%. But in Nigeria, the statistics of innocent arrest is at least 70%.

4 Likes 1 Share

Crime / Re: Soldiers Storm Jakande Detaining Policemen Over Death Of Lagos Trader by dominusgai(m): 2:32pm On Aug 11, 2019
You do realize that the police in USA are frequently sued for police brutality. Also, most of those involving shooting are those that they themselves have weapons on them.
For most part, any running unharmed person shot by the police will be investigated and the police sued.
Princedapace:


Google police brutality in the USA to see things for yr self. Most times they simply aim at the legs. Chasing u may put their own lives at risk. Simple.
Crime / Re: Soldiers Storm Jakande Detaining Policemen Over Death Of Lagos Trader by dominusgai(m): 10:12pm On Aug 10, 2019
They die because they refuse to give us the right to protect ourselves.

I remember growing up in my neighborhood, every landlord had a gun, and a strategic position in the area. They where organized and synced. God blessed the thief that came to that area then. The moment you shoot, you know you are dead as over 10 people will position in their compound to take you out.

Now, they are inadequate and incompetent, yet will never release permit for landlords to own guns. In a country where the criminals will always have access to weapons, you keep denying people the right to defend themselves.

Omo. let us be frank. If a robber knows that the area he is going to operate has every landlord with a gun. They would think twice about those areas.
dedolampy:

mumu do u even know why you can sleep with ur two eyes closed. these men die everyday like fowls. or u think they are not human beings? or you think they dont have families who misses and pray for dem everyday?
Crime / Re: Soldiers Storm Jakande Detaining Policemen Over Death Of Lagos Trader by dominusgai(m): 10:02pm On Aug 10, 2019
Provided whoever you are chasing is not armed, trying to attack you or can be easily subdued due to your number advantage, no force on earth is supposed to discharge their rifle when in pursuit.

They where chasing unharmed men, that were not confronting them. There was no reason for any of them to discharge any firearm.

In a saner clime, the men would be charged for improper discharge of weapon and manslaughter.

That it is frequently done, does not make it right. It is acts like this that keeps them labeled as unprofessional.
Princedapace:


It is not. U can check relevant rules regarding this. Running means u are a suspect.
Celebrities / Re: Tolu Ogunlesi, Ezekwesili On Pastor Fatoyinbo's Rape Allegation by dominusgai(m): 7:34am On Jun 30, 2019
Hazlett1988:
You got raped years ago and you are just telling the world,that is so ridiculous if you ask me,even if this is true,you should have said it earlier.let assume its true,if you had come out and told the world about these you would have saved other victims from COZA pastor which he must have raped after you.the question I want to ask you please is,did you report this it to the police after you where raped I guess the answer is no,you are just coming out to the world to tell them what happened.don't bother taking this to court because if you do you will loose,I'm not a lawyer but I bet on it that if I represent this same pastor he win and I will make sure he get compensation for defying is name.
Remind me again, how long did it take for Bill Cosby's accusers to come forward?
Celebrities / Re: Tolu Ogunlesi, Ezekwesili On Pastor Fatoyinbo's Rape Allegation by dominusgai(m): 7:29am On Jun 30, 2019
Evercurious:


MY DEAR MY CHILD CANT BE THAT DUMB AND LOOSE TO ALLOW AND MAN TOUCH HER INAPPROPRIATELY WITHOUT REACTING AND REPORTING SUCH ..

GET IT?
Hmm, yes they can. Because from your interaction you seem like one to jump into conclusion and supports a superior in an argument with a subordinate.
Your child would not make a single noise as she will believe you would support the pastor over her.
Celebrities / Re: Tolu Ogunlesi, Ezekwesili On Pastor Fatoyinbo's Rape Allegation by dominusgai(m): 7:25am On Jun 30, 2019
Evercurious:



Who endorsed the pastor's adulterous act? My dear pls thats why I said you should go sleep..

SHE WAS NOT RAPED..SIMPLE
Stupidity at it's maximum
Celebrities / Re: Tolu Ogunlesi, Ezekwesili On Pastor Fatoyinbo's Rape Allegation by dominusgai(m): 10:55pm On Jun 29, 2019
Evercurious:


You should know by now who really is the prostitute.. ITS THE SUPPOSED VICTIM MY DEAR..
SHE IS LOOSE.. VERY LOOSE AT THAT..

GO ASK AROUND

First of all, even prostitutes can be raped. And it seems you don't happen to know what the word coercion means. Go check it out.
Now tell me, what do you think will happen to a girl if a pastor she trusts and reverse tell her to sleep with him?
The way you talk shows you know nothing of rape. Please hold your tongue and refrain from saying nonsense.

Another thing is the fact that even if it wasn't rape, are you endorsing a pastor that commits adultery regularly?

We hear the stories, we get to know their excapades. And believe me, that guy has never been in the right.
Business / Nairalander Makes Top 50 In The Creative Business Cup Competition In Nigeria by dominusgai(m): 9:56pm On Mar 23, 2019
Greetings fellow nairalanders, I want to ask you all to join me celebrate my successful selection to the quarter final stage of the Creative Business Cup, Nigeria. Out of over 1000 applicants, I came out top 50 and would be trained at the Enterprise Development Center in Lagos. I would also be pitching my business idea there. Please celebrate and encourage me with your thoughts and prayers so I make it to finals. Thank you

MOD, front page please. I do believe this is worth it.

Politics / Re: Soldiers Destroy Ateke Tom's Bedroom, Scatters It During Raid In His Palace by dominusgai(m): 4:43pm On Mar 08, 2019
abokikhalifa:


This is not obasanjor and Jonathan regime. If SS do any how, them go see any how. So your king ran away from is palace ?
You be aboki no wonder. Do you really think the Nigerian Army can tackle Pre Amnesty militants and book haram at once. Get the fact straight, to let peace reign the federal government had to give them what they wanted. they gave them money, training and jobs. The Nigerian army cannot tackle both at once. Militants are not unarmed like Ipob. They are also heavily armed but more importantly, the Nigerian Army does not have the resources to battle at two fronts.
Politics / Re: Soldiers Destroy Ateke Tom's Bedroom, Scatters It During Raid In His Palace by dominusgai(m): 4:34pm On Mar 08, 2019
tesppidd:
lion?

Ateke and Tompolo who is a bigger lion?

FYI Tompolo is still hiding in the bush.

He won't come out till Buhari is done in 2023.
Tompolo has always been in the riverine area. He is not hiding, he is enjoying the pipeline guiding contract.
Politics / Re: EFCC Releases Bank Transactions As Details Of Atiku’s Son-in-law, Lawyer’s Arres by dominusgai(m): 4:18pm On Mar 08, 2019
adanny01:


Walahi you dont agree with me since you turn around to insist that other corporations break the law but since one has be caught, it is wrong.

From what you are saying, am not sure you read or understood the opening post.

What is selective justice? The fact that one kidnapper is in jail and the other is free is also selective justice.

So all kidnappers should go free since the others are still free. All rapist, murderers, looters, boko Haram, infact every person in jail should be freed because somewhere someone has done the same thing but is still walking free. That is the f.cked up ideology you have.

Former SGF Babachir who awarded contract to himself should be returned to office in that case. Do you know how many government officials do same and were not caught. Why didnt you protest on behalf of Babachir if you hold the view that crime must be fought holistically.

It is you who have a selective defense for crime. As long as a crime is committed by a person associated with the opposition, the should go free.

There is absolutely no reason you should support those who the EFCC go after as far as a crime was committed. The only reason you are here defending them is because Atiku is mentioned. Please get a life. This thing is beginning to piss me off because the hope i have in Nigeria is dashed by you people with twisted reasoning.

You agree a crime was committed, but you dont agree that the culprits be arrested, how twisted is your thinking.

Pot calling a kettle black.
Hmm, kai, e go tay for you oh. So let me get this straight, you are saying EFCC should live others and arrest only the opposition while I am saying if EFCC wants to arrest the opposition let them also investigate and arrest the families of those in power. Kai your thinking is not just demonic as it will only breed hate. Your type would have different set of rules for different people. Your kind is why the justice system is currently nothing to write home about. So you are telling me that dispute EFCC having the books of the BDC, they should not check it to see if others committed similar offence. Guy that borders on stupidity on their part and gross mockery of the justice system. The Babachir you mentioned has not even been seriously investigated despite all the evidence against him, yet you are saying we should keep promoting selective Justice especially for a crime that is easy to track the offenders. E go tay you well well.
Politics / Re: EFCC Releases Bank Transactions As Details Of Atiku’s Son-in-law, Lawyer’s Arres by dominusgai(m): 7:48am On Mar 08, 2019
Kuginzi:

My friend you're arguing without facts. Your argument is based on assumption. List only 5assets sold by APC government and I will list 10 Assets sold by PDP government. Simple. Pls stop beating around the bush.
Therein lies my challenge with you. The issue is not that PDP sold more than APC, but that APC is still selling assets at all while still faulting PDP a past administration for selling asset. So you are telling me because a thief stole ten naira, and the more resent thief stole five naira, the thief that stole five naira should accuse the other one of being a thief.
That my friend is the definition of hypocrisy.
I would list the assets sold by the APC federal government but seeing as it might put a close friend in trouble I will not. All I will ask is that you ask any concrete real estate agent you know, not those kpai kpai ones but those that buy properties across state lines.
Politics / Re: EFCC Releases Bank Transactions As Details Of Atiku’s Son-in-law, Lawyer’s Arres by dominusgai(m): 7:40am On Mar 08, 2019
adanny01:


What do you mean by this?

Nigeria has laws but weak institutions. In saner climes drug barons pay heavily to clean up money. Here we pay small money to make it light so it could disappear.

The fact that it is a norm to exchange large fx on the street does not make it lawful. The fact that i have done it and have not been caught does not mean you should do it and you should not be caught.

When Nigerians like you speak like this, i lose hope that Nigeria will ever be great. Its either we dont know the law or we know it and still flaunt it with flagrant disregard.

I hate when someone says they should be ready to arrest everybody.

I believe in 99days for the their 1 day for the owner. The fact that 40 percent of FX deals are illegal does not repeal the law. One day, the law will catch up but no one should say since Mr A was not caught Mr B should be free if caught.

We have so many kidnappers but one notorious one called Evans was caught, should we set him free because his entire gang was not caught.

Your line of thought is clearly partisan holding forth for corruption and blaming our weak institutions. People like you are the reason Nigeria will never progress.
I quite agree with you that it is against the law. But unlike kidnapping, buying foreign exchange above market price is an easy thing to investigate. Kidnapping on the other hand is not. I am sure they arrested the BDC they claim sold the dollars to him. I am also sure they checked his record and saw other business men that bought that amount of dollars from him.
Therin lies the unprofessionalism of EFCC. If it was USA, the investigation of the BDC would lead to the arrest of other culprits as they would use his record as evidence to get other people who committed same crime. But when you target arrest a person of a crime while deliberately ignoring evidence of others perpetuating that crime you begin to warp the justice system. This is not a case of the thief not being seen for 99 days but a case of 99 thiefs being let go despite seeing security footage of them because you want to arrest one.
Why arrest someone for a crime you know half of all corporation in the country commit, yet refuse to investigate any other person in the record? Are you telling me if an independent investigation is carried out other government company owners won't be discovered to have changed that same amount?
What you are saying is like the police arresting an armed robber and his gum seller but refusing to go after other criminals the gun seller sold guns to despite a record showing it.
Selective justice is the worst form of crime that can happen to a nation. Your Justice has to be as impartial as you can make it. When you allow for selective Justice you breed discontent and hate.
And it is actually people like you that would make Nigeria not progress, people who encourage selective Justice and make some people feel above the law while others are not. People who hat insist a government arrest the opposition for crimes they themselves are committing. I can swear a number of buhari's family has done a business transaction that triggered an EFCC report from the bank in this period, but they will chose not to investigate.
The fact that our crime prevention organizations chooses cases to investigate despite available evidence is something no nation should stand.

1 Like

Politics / Re: EFCC Releases Bank Transactions As Details Of Atiku’s Son-in-law, Lawyer’s Arres by dominusgai(m): 7:39am On Mar 08, 2019
adanny01:


What do you mean by this?

Nigeria has laws but weak institutions. In saner climes drug barons pay heavily to clean up money. Here we pay small money to make it light so it could disappear.

The fact that it is a norm to exchange large fx on the street does not make it lawful. The fact that i have done it and have not been caught does not mean you should do it and you should not be caught.

When Nigerians like you speak like this, i lose hope that Nigeria will ever be great. Its either we dont know the law or we know it and still flaunt it with flagrant disregard.

I hate when someone says they should be ready to arrest everybody.

I believe in 99days for the their 1 day for the owner. The fact that 40 percent of FX deals are illegal does not repeal the law. One day, the law will catch up but no one should say since Mr A was not caught Mr B should be free if caught.

We have so many kidnappers but one notorious one called Evans was caught, should we set him free because his entire gang was not caught.

Your line of thought is clearly partisan holding forth for corruption and blaming our weak institutions. People like you are the reason Nigeria will never progress.
Politics / Re: EFCC Releases Bank Transactions As Details Of Atiku’s Son-in-law, Lawyer’s Arres by dominusgai(m): 7:02pm On Mar 07, 2019
Hedonisst:



Even a typical individual account does not have a transaction limit in the real sense. Reporting requirements for certain categories of transactions is not the same thing as transaction limit.

If Arthur Eze chooses to transfer N5b to me via my savings account, as merely a goodwill gift, what does the law say about that? Does the law forbid anyone from giving a monetary gift to another person beyond a specified limit? What if I refuse to upgrade the account to a current account or a corporate account? Am I obligated to do so in order to be qualified to have a certain amount?

With that N5b in my savings account, what if I choose to 'dash' my brother, friend, or anyone else N1b via a transfer to their own savings account? Really, I need clear answers on the illegality in these kinds of transactions. We can't assume they're not possible or 'reasonable'. Man was not made for the law. The law was made for Man.
There is a limit that can be transferred to a personal account. There is also a limit to the amount of transaction some savings account can do. First bank for example has a #50,000 limit savings account. If you try to save above it it would not go.
A corporate account for an enterprise also has some restrictions. If for example a 1 million transfer is done to your enterprise when it has never received 50 thousand it will be temporarily frozen.
But a limited or PLC corporate account has no limitations.
Both types of corporate accounts automatically log in to CBN a report when a transaction above 10 million is done on the account. For an enterprise account, because you and your company are viewed as 1, you can be arrested as if it is a personal account if there is suspicion of money laundry.
But for a limited and PLC account, the company is a different entity from the owners. Before they can arrest an owners they have to investigate the books and discover a direct link from the company to the owner, or have one key person in the company testify against the owner with recorded evidence. That is why it is difficult even in USA to arrest owners of Ltds and PLCs despite every suspicion they are involved in money laundry. The steps to gather evidence is pain staking and long. No corporation will just open its books for you. Most of the time they have to convince an insider to testify against their bosses with records they have before an arrest can be made.
Politics / Re: EFCC Releases Bank Transactions As Details Of Atiku’s Son-in-law, Lawyer’s Arres by dominusgai(m): 6:32pm On Mar 07, 2019
adanny01:


BDC is designed to serve people not corporations. The official point of call for cooperations are the mainstream banks.

I hope you read where EFCC said they recovered......

BDC all round limit is $5,000.

That BDC transaction is main offence. The other transfers are linked to the fx.
Following this rule, EFCC will have to arrest all the corporations that trade with Forex. First of all, there are seasons where the bank itself does not have enough naira to change to dollars. It happened this last Christmas, people had dollars but the band did not have sufficient naira. Secondly, every business man buys dollars beyond the normal amount from BDC, even Buhari's son in-law. If they want to arrest him on that they should be ready to arrest and investigate owners of at least 40% of the corporations in Nigeria. Let them be impartial.
Politics / Re: EFCC Releases Bank Transactions As Details Of Atiku’s Son-in-law, Lawyer’s Arres by dominusgai(m): 6:14pm On Mar 07, 2019
adanny01:

The bolded is a big lie.
Hmm not a lie, just a fact.
Politics / Re: EFCC Releases Bank Transactions As Details Of Atiku’s Son-in-law, Lawyer’s Arres by dominusgai(m): 6:13pm On Mar 07, 2019
RevenGeMission:


So you agree there's a limit

You agree bank must report transactions exceeding a value

And you are not wiser than EFCC who sought clarity on the transaction


I don't know if you know this but the term limit is defined as a point after which nothing can be added. the bank has to report any transaction of corporate 10 million naira to EFCC, that does not mean the transaction limit a corporate body can do is 10 million. Do you not know the difference between limit and report?
Politics / Re: EFCC Releases Bank Transactions As Details Of Atiku’s Son-in-law, Lawyer’s Arres by dominusgai(m): 4:58pm On Mar 07, 2019
adanny01:


We are talking about over 60billion naira. I needed to mention that so you will appreciate what we are talking about.

Secondly, i am loosing steam with the poor reasoning you guys choose to exhibit. We are talking about money laundering. If you know, you know, if you dont know, you should read.

Let me bring your attention to this since you don't want to do your home work. According to BDC operational guidelines of 2015 (dont know of there is a current one)


How much did the BDC change in the OP? $141,000! What law did they breach? Money laundering act.
I would rather remain in dollars. The naira equivalent makes you guys think is big money. A hundred thousand dollars is about 36 million naira so a hundred and forty one thousand dollars is actually less than 70 million, So you are arresting a business man for changing to naira money he can use to buy 3 luxury cars for his company, where the car dealer would want the naira equivalent or to build one luxury building still for his company where all the workers would insist payment in naira.
The thing with EFCC is the outrageous claim they keep making. They are charging someone for having 164.4 million dollars (that is about 60 billion) yet you are saying he changed only 141 thousand to naira and tried to change the rest but couldn't.

And bro, the 5000 dollars limit is for people not corporations.

I also know that around that time in question banks where having trouble changing dollars to naira due to the demand for naira after the festive period.
Politics / Re: EFCC Releases Bank Transactions As Details Of Atiku’s Son-in-law, Lawyer’s Arres by dominusgai(m): 4:29pm On Mar 07, 2019
RevenGeMission:


Corporate accounts have unlimited transaction limit?,

Brain must be paining you or you read the constitution upside down


It's even posted in banking halls that ~100M transactions by corporate accounts must be reported to EFCC. These thieves did 50B naira transaction


Stop twisting facts to suit your purpose
It is the banks job, not the person's job to report to EFCC. And if the bank reports it, EFCC will have to ascertain if the transaction is for goods and services by investigating the company's books first, not harassing the company owner first.
Transaction limit is not the same as EFCC report responsibility. Any transaction above 10million naira (for corporate bodies) is reported to EFCC, but that does not mean the transaction limit is 10 million. No corporate account has a transaction limit, not one. That does not mean no report would be made if an high transaction is made.

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