nairalanda1: Well, on the other hand, years of subsidisng power is why we don't have light 24/7.
Power is supposed to be run as a business, not as a charity. Simple and short.
We did not run GSM as a charity. People were saying that government was allowing the GSM companies to beat us up, and we was poor and broke then. But govt then did not listen, and thanks to the government not listening....the GSM companies used their profits to build up the current telecoms and internet infrastructure that we have today.
We can keep lying to ourselves that power is cheap, or we can face the truth. People like you, when GEJ was in charge were blaming government. Now, the other side is blaming government, while you are saying we are too poor..and defending government
But the simple fact is, we cannot be paying below market price for power, and expect 24 hours a day power supply, seven days a week.
Subsidy was never the problem rather the fraud surrounding subsidy was the problem
seunmsg: Cement and petrol are not the same. Petrol affects everything in Nigeria and cement does not. Almost half of our forex earnings goes into importation of fuel and saving that is huge.
Very wrong analogy, go do a comprehensive research, Cement is one of the main aliment needed in infrastructural development, no one can do without it, Cement is the B in your ABC of development. Everyone in NIgeria need cement but not everyone needs Petrol.If the importation of cement was not banned the volume of cement imported will be way more than that of Fuel
PHAYOL81: Good but for how long will the country continues to import crude oil especially when we're just rejoicing in hope that the commencement of business at the refinery automatically means no kinda oil importation？But see where we still find ourselves. I think only GOD can save us now.
seunmsg: Basically, we will have to stop importing refined petroleum products. That alone will save us millions of dollars that we usually use to pay for imported petroleum products. With more dollars saved, CBN will have more forex to defend and stabilize the Naira.
Again, a lot of jobs will be created. The byproducts of crude oil will also be a source of raw materials for local Agriculture and manufacturing. The gains are enormous.
All good on paper, however come to think of this, Did the ban on importation of cement give us any of thos benefits you wrote up there?
seunmsg: To God be the glory. Hopefully, refined petroleum products from the refinery will ht the market by first week of January. This will give a very big boost to the economy and the foreign exchange crisis. Big shame on those haters of Nigeria who have been praying for the for the refinery not to work.
Let us try to make sense out of this, What does this mean to us?
To understand the scope of powers that the investigating authorities possess to freeze a bank account, one needs to dive into the source of the power itself. This source can be traced to Section 102 of the Code of Criminal Procedure, 1973 (‘CrPC’).
The purpose of Section 102 of the CrPC is to secure the property which has been or suspected to be stolen or which has a direct nexus with the commission of a crime from being ‘disposed of’ or ‘destroyed’. Such a measure of seizing property including freezing of bank accounts ensures that the court is able to get back the property concerned. Section 102 of the CrPC falls under Chapter VII which deals with the ‘Processes to Compel the Production of Things’. The provision states:
Power of police officer to seize certain property.—
(1) Any police officer may seize any property which may be alleged or suspected to have been stolen, or which may be found under circumstances which create suspicion of the commission of any offence.
Read it again, you must have reasonable evidence to connect the property or asset as a proceed of crime, its same in the UK.U just do not see a person having a private jet and you seize it.you must be able to link it as a proceed of crime! The onus of proof is on the prosecutor not the owner to connect it to crime
XAUBulls: The Delta State Police Command has said that Nigerians with suspicious sources of wealth, who cannot lay claim to any justifiable means of income, can be investigated and charged to court.
The Police Public Relations Officer, Bright Edafe, stated this, adding that the police are allowed to arrest individuals who could not justify their sources of income and to charge them to court.
Edafe in a post on his social media handle on Sunday said it was a sad trend that people felt it was wrong to question what he called the "suspicious wealth" of Nigerians.
Lukuluku69: Sir, you are mixing it up. This Convo. Perhaps if you go back to the Point you mentioned me, it would be better.
Then, you will understand why I wrote what I did.
We started with someone who earns no income i n Nigeria but yet well todo, I will use myself as an Example, I don't work or earn in Nigeria, but I do not do Biz but work for an organization. People who are on PAYE do not require self-assessment done and we are taxed according to our tax codes, which won't make sense to any Nigerian in Nigeria s we do not have a tax code.
Lukuluku69: And Self Assessment is what % of your Income as a Business person?
Bro Self-assessment has nothing to do with any %, I think you need to go and read about taxation then come back to this argument for it to make any sense to you. If you do not make any profit in a year, does not need to pay that tax, but corporate tax which is fixed. AKA Business rate in Nigeria.
Someone put up a #300m mansion up in 6 months, drives Fleet of Cars but his/her Tax Returns in Personal Income over a period of 3-4 years is less than #250k.
I never knew this man was this daft, very daft,He is now creating his own constitutions and laws, when he was meant to be the enforcer of the damn law. It is up to the police force to prove the wealth was gotten fru criminality not the other way round.
FreeStuffsNG: Awesome!! God bless them so that they can realise this business objective.
The naysayers, unpatriotic elements, criminal defamation and cyberbullies will neither see this nor benefit from it.
We appreciate everyone and every organisation that contributed so far to the progress of this decision. We need more of this kind of long term infrastructure investments in Nigeria. Please bring the investment to Lagos and the neighbouring Yoruba South West Nigeria states please.
This is the best time to invest in Lagos and the neighbouring Yoruba South West Nigeria states for great returns on your investment and the best investor friendly experience in Africa.
God bless Nigeria for ever! Check my signature for free stuffs!
Glossybee: please guys, pls don't just scroll and pass, please I beg you, I've tried to get little help here to no avail, please I beg you in the name of Almighty GOD pls, If any good samaritan can please help me, no matter how little so we can buy foodstuff and cook, I will be very happy. my daughter and I we are starving. Please help us the last time we ate a good food was from our neighbor on sunday. Since then we have surviving on drinking garri since Monday and the garri we use to have hope has finished. the little money I have I used it to pay for house rent so that we can at least have roof over our head. am pleading for help please, not for my sake but for my daughter please am a single mother. No matter how little it will go a long way to help us. Almighty God bless you
lexylaw40kuti: Authorities from the Drainage Enforcement and Compliance Department of the Lagos State Ministry of Environment and Water Resources have issued a cease-work directive to a developer located along System 156, behind Victoria Crest Estate II in the Lekki region of the state.
The directive was issued due to the developer's unauthorised activities, including illegal sand filling of the channel which was carried out without obtaining the necessary approval from the state authorities.
The Commissioner, Ministry of the Environment and Water Resources, Tokunbo Wahab, shared photos on his social media handle to make this known on Friday, December 1.
He wrote:
Well done comissioner, way to go, so if this house get demolished 2morrow nobody fit come shout, just to ask na who come approve am make the comissioner too look for that person cos nah rat inside dey call rat outside say food don ready inside!
Amastermovic: I will be giving a detailed breakdown of this project for those that may want to start something but are afraid due to the unstable cost of materials.
Project Time line: Unknown
Scope: A 4 bedroom duplex two unit of a room and parlor self Two unit of a room self contain..
page9: I am not a fan of Tinubu or Sanwo Olu, I do not think they are the best men for the Jobs, both at state and federal, but for now we just have to bear some of their ineptitudes.
That said, Nigerians are always happy to break the laws, especially if they believe they have some "connections".
There are instances where ongoing properties have been marked with " Stop Work Order" and the builders continue even at a much higher pace.
In a reasonable environment, the residents of that vicinity who will ultimately bear the consequences of flood will alert the government and as a united community, will prevent the erection of these buildings along waterways.
We also need to realize that no govt, state or federal, has enough personnel to be everywhere, everyone is quick to say, "why did it take so long for the govt to wait for those building illegally to be told to stop.
We all know what is right and wrong, we can feign ignorance at our expense.
It is safer to buy land in a safer area, and make the effort to verify if the land is free of any encumbrances. It is better to do your due diligence and be sure you are not ignorantly sinking your money down the drain.
Many will leave liabilities for their children instead of assets. Because the children will not be able to inherit such troubled assets and by the time it is dawned on the owner, that the govt has to demolish such property, he may not be in a financial state to re-build again, he may have retired or become too old to build, such calamity tends to damage the mental and the physical health. The pain of moving from a land lord in lekki to a tenant in Ajangbadi can kill faster than Covid 19.
A word is enough for the wise, if you successfully erected illegal building in the first, second, third year, nemesis will always catch up with you sooner or later. It may be your tenth year that a new govt where you know nobody will come and destroy the building.
It is cheaper on the long run to do it right, than to keep bribing your ways to sustain what is illegally built, what if you die? Would you expect your children to keep doing it the same way?
Bross I will disagree with you on the line where you said there are not enough personal to monitor. I do not know if you have built a house in Nigeria but trust me these guys arelike FLies and shiit.You will be suprised how they show up, every developing area has a spy. they are not doing this cos they want to enforce the law, they are doing this so they can extort money from you so its now up to you the builder to do the needful which is go to the office and obtaine a building permit!
Larryndelaw: That shows how myopic you. Why should someone buy the land in the first place
I do not think this is the right argument though.If the land was a virgin land and the setback was meant to be say 10 feet, how does one measure 10ft on a river line that is not defined?? cos for encroachment to happen there must be defined co-ordinates or don't you think so?
adamusuleiman1: Government actually does sensitization problems. I almost fell for one of those developers marketing tricks. Please not that not all the development are being demolished but a few here and there that are encroaching right of way, too close to drainage, e.t.c.
The developers are 100% aware, but out of greed, they would sell a corner lot close to a drainage for like say 50% of the price of other buildings that are not encroaching. The seller would think he or she is getting a bargain. The sellers fault is for not doing their due diligence properly. The developers should be prosecuted in my opinion. Due to greed, 200 million naira here, 100 million over there quickly adds up.
Well I agree, also the govt can do more buy uploading the master plan since its called system this and system that for free on its website for anyone to view..In Rivers and the whole of Niger Delta there is a master plan for all oil pipeline route.
adamusuleiman1: Welcome to Nigeria. A country where people do crazy things and think they can always bribe or sort their way out. They were warned when the building was at foundation, they continued building thinking they were above the law.
During the FHA (Federal housing Authority) demolition in Festac area a few days ago, some of the ilegal building owners were trying to bribe government officials with money as high as 50million naira. A fool and his money are soon parted.
Watch the video below where the lady from FHA said they warned them when building was at foundation, but the builders ignored and continue building. Lawlessness is too much in Nigeria.
This is madness,when I was redesigning my house I changed the location of the security house, and the usual people from state house came to me to stop work, I said ok I will but i will get it approved, they said nooooo I should give them 100K that way they will issue me papers to cover it, I said no dont worry I got a car I can drive myself to the planning office, I did paid 200k in all got it approved and aded to my plan since then They just pass my site as if there is no house there. This is a sound warning for those of us living abroad and building or buying back home in Nigeria, open your eyes and be wise.
you must be very Dull or lack comprehension, How can I have money in 1995 when I just gained admission and I was barely a teenager, you think I was selling tyre like you? or you going to say a person like Major General Mujakpero in charge of the 82 Division Enugu did not have money to buy ordinary 100x100 then?
Business › Re: Dangote Set To Flood African Market With Refined Petroleum Products by erico2k2(m): 11:24am On Dec 09, 2023
