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Erico2k2's Posts

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Politics › Re: Border closure killing us, Ogun monarchs declare by erico2k2(m): 2:35pm On Nov 29, 2019
Afamed:
And which community in Ogun State, do you drive 20klm before getting fuel? Come with facts not fable
YOu still do not get it, the FG barred fuel to be supplied with 20km of each border town meaning any comunity in this circle wont get fuel,DO YOU NOW UNDERSTANDhuh??
Politics › Re: Border closure killing us, Ogun monarchs declare by erico2k2(m): 8:59pm On Nov 28, 2019
Afamed:
Definitely this must be the monarchy in Ogun State who has over 200 smugglers that pay homage to him
do U know what it means to drv minimum of 20km to just buy fuel for your car??
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 8:12pm On Nov 26, 2019
Rubyventures:
When was that?
In the early 2000s
Investment › Re: Follow Me On My low Cost House Building Journey(highest ROI by erico2k2(m): 12:25am On Nov 26, 2019
well done OP
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 12:14am On Nov 26, 2019
mployer:
I have friends that are professionals in various fields in the UK.

It took years before they started making the little money they are making. And I tell you if they save 20k for two consecutive years they will back to Nigeria cheesy
ahahahah grin
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 12:13am On Nov 26, 2019
salford1:
I see what you mean. Here standard houses are between 1200 sq ft to 1600sq ft. For $500k, you can get a house that is over 2000 sq ft in many cities. When people buy such, they usually don't think about all the extra expenses that comes with keeping such. When the expenses and other housing taxes and bills starts coming in, that $2500 a month in mortgage payment quicky turns to $4000 a month.
After the credit crunch, the govt introduced legislatures to checkmate indiscriminate lending, a person must have the means b4 he can borrow!if you come to the Docklands, there are loads of Empty new flats cos of that, average deposit in London is £35k houses are like £350 to 400K standard, that's a 2 bed house. The bigger house I must say are in the countryside, in the city nahhhh, if you go to Hamstead and Chelsea that's where stars live, u will see £200k cars park outside cost there ain't no space in the yard grin grin
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 11:54pm On Nov 25, 2019
salford1:
In Canada, big houses starts from like 1800sq ft
A bigger house means bigger property tax, bigger hom bigger repairs and maintenance, bigger heating bills, bigger interest rate payment, bigger insurances (both home and mortgage) etc. Bigger houses also means tougher to sell houses. Good pension fund determines good retirement in my opinion, especially a pension where your employer matches your contribution.
Our employer matches our contribution in fact pay more than we contribute, in the UK Big houses are not hard to sell, in fact, they sell quick. we got the sportsmen and actors etc.Real estate is the ultimate in the UK. Owning a big house and complaining about heating is like driving a V8 G wagon and complaining about fuel cost! But in all the Uk is much different to Canada I must say!
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 10:02pm On Nov 25, 2019
geosegun:
You are close, but your analysis is wrong. He, probably, did help to buy. The price of that house is between £350k and £400k. Help to buy is 5% for the buyer and government support with 20% which is refundable. That house is about £400,000 depending on the location. The Bank provides the remaining 75%, which he will be paying back gradually, as a mortgage, over a period of 25yrs. Any other info is a counterfeit. #100%#fact#
Where did you get this help to buy analysis of yours from? Please have a read of what help to buy means, its part mortgage part rent.Ur mortgage is reduced to 30% of the value of the house this is what ur deposit is based on the other balance % you pay as rent,
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 8:02pm On Nov 25, 2019
bilulu:
Na so them dey deceive people for Nigeria.... He should tell us how much mortgage he went into to get the house. There re a lot of Nigerians here in Canada who own houses but we know e Dey play. It’s possible he might not even be practicing yet if their system there works like here. Don’t be deceived
Doctors in the Uk are termed key workers so benefit from the help to buy scheme, so you are allowed to mortgage 30% OF THE TOTAL VALUE OF TEH HOUSE ,You can even have a deposit as low as £5k
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 7:56pm On Nov 25, 2019
sonnie10:
How does your down payment increase or alter the original price of the property if I may ask?
it does not
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 7:54pm On Nov 25, 2019
sonnie10:
Same question I asked. In fact only bank is privy to the information regarding buyer’s % contribution to the mortgage
The seller has nowhere of knowing who contributed what during the transaction.
It might even interest you to know that the seller is more likely to get his money faster in a bank finance option and from an individual who pay 100%. That is how effective the system is.
There is a reason the banks would run the transaction through an underwriter.
Credit and financial regulations, if not you are billed as comiting a crime!
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 7:52pm On Nov 25, 2019
salford1:
That's when you bite more than you can chew which is rampant among Nigerians especially in North America in a bid to impress their friends, family, church members etc. Most Oyinbo will save for years to buy a house with 20% and above - This gives a better interest rate, lesser amount borrowed, and helps to avoid the 4% bank insurance on the amount borrowed. (In Canada). Oyinbo would also often go for a house they can easily afford to pay without breaking a sweat, but our Nigerian people will buy the biggest house at 5% down payment and begin to work like a slave to keep up. Any little wahala, the house is gone.

Nothing wrong with mortgage aslong as you cut your coat to size.
But you are also 4getting that a bigger hoyse means bigger equity plus a good retirement!
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 7:48pm On Nov 25, 2019
2buffagain:
You can also buy in the US for 3.5%.
And for cheaper too.
Once upon a time in the Uk we had 0% mortgage! until the credit crunch.
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 7:46pm On Nov 25, 2019
FUnny answers and post going ON grin grin grin grin
Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by erico2k2(m): 3:32pm On Nov 25, 2019
naijadrivablog:
cool

Nice, but why not first build in Nigeria (like in Lagos or another city), especially a rentable house, before buying a house in the UK?

Just a little case now, those Tax hungry people would seize it or something.
This is not the US< our tax is PAYE, U will never owe tax if you are employed
Crime › Re: Taxify Driver Killed And His Car Stolen In Lagos (graphic Photo) by erico2k2(m): 4:46pm On Nov 24, 2019
mctfopt:
Does this make sense to you? Stop reasoning like the typical Nigerian police. Why will the owner of the car want him dead now that he is about to finish payment? The best line of inquiry will be to check his call logs for that day. Everyone that called him that day is a suspect. Their daily activities checked and phone location data can always be verified from the network log.
Not everyone but the person who hailed the taxi!
Business › Re: $44.9m Wire Deals: Oyema To Be Investigated By EFCC, Sets Special Panel by erico2k2(m): 3:12pm On Nov 24, 2019
Flier:
Its just the beginning,he will end up losing large chunk of his wealth and Air peace will colapse if he refuse to resign within the next few days
Resign frm where?
Christianity Etc › Re: Bishop Sam Zuga Gifts A Lincoln Navigator To Abdullahi Amanabo, Muslim Kogi King by erico2k2(m): 10:39pm On Nov 19, 2019
BloggerDonald:
A Nigerian pastor, Bishop Sam Zuga gave a brand new SUV to a [color=#000000]Nigerian king[/color]. According to reports, he donated a Lincoln Navigator SUV Jeep to the King of Ejule Land and promises to donate 100 car to Nigerians in 2020.

According to the facebook page of [color=#000000]Bishop Sam Zuga[/color], it was revealed that the car was given to the pastor on Thursday, November 7th.

Although the king is a Muslim, the Onu/District head of Ejule Chief; Alhaji Abdullahi Amanabo was so happy to receive Bishop Sam Zuga in Kogi again, as well as accepted the beautiful car gift, after the man of God prayed for him and the entire land.

In the photos shared on Facebook, the pastor was dressed in white traditional wear while the king who knelt down for prayers also wore his traditional regalia wear with a blue and gold cloak draped on his shoulders.

See photos of the SUV and how excited the king was.

Source : https://www.autoreportng.com/2019/11/nigerian-pastor-gifts-lincoln-navigator.html


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BRAND NEW?
Autos › Re: Lagos Automobile Dealers Protest Sealing Of Their Businesses By Customs by erico2k2(m): 8:58pm On Nov 19, 2019
aspiring44:
It was not under- declared .

Some importers pay full duty on letter of credit transaction and FOU still stop them . why ?

Why all these happen is because either the agent / importer are always in a hurry to go , in the case of container . But if you are so sure of what you have done they will be the one to succumb . Most at times they have their way
This is terrible like you said if everything was done by the book tehn you can stick ur leg in mod with them
Autos › Re: Lagos Automobile Dealers Protest Sealing Of Their Businesses By Customs by erico2k2(m): 8:52pm On Nov 19, 2019
SalamRushdie:
Name one car maker who gets his complete vehicle from another carmakers model line up and just changes the name ..if it was so Range rover will just take Toyota landcruiser parts assemble and just add their name na
I think you should realy go to Inosin car plant and see 4 yourselves, there's a hip load of assumptions coming from you,Try and go see for yourself how he is trying by his own effort to limit the %of import to his brand.YOu do realise he is only missing a Press then he is down to almost 40% import?if you are talking Engines then thats a whole lot of another Issue.From your narrative, i thin you are talking more about the Body structure of teh car!
Autos › Re: Lagos Automobile Dealers Protest Sealing Of Their Businesses By Customs by erico2k2(m): 8:22pm On Nov 19, 2019
SalamRushdie:
Oga Innoson assembles BAIC cars ..let's not do this again
He imports raw materials to asseble his cars.You tell me howmany parts do Land rover Uk produce in theri SUV?
Autos › Re: Lagos Automobile Dealers Protest Sealing Of Their Businesses By Customs by erico2k2(m): 8:15pm On Nov 19, 2019
SalamRushdie:
I saw the video , that's a classic assembly line in motion ..Don't worry Innoson will one day get to the stage of his own car but for now he is an assembler for BAIC motors China ...Even BAIC started as an assembler for Mercedes-Benz products in China
you lot keep making this clasic mistake btw assembly and manufacture. Name one car maker who makes its whole part from tyres to Engine to Electronics and sound system. name one.The Almighty Range rover sport gear box is made by teh Germans!
Autos › Re: Lagos Automobile Dealers Protest Sealing Of Their Businesses By Customs by erico2k2(m): 8:13pm On Nov 19, 2019
aspiring44:
I don't think is the case .
A classical example
I cleared a 2010 toyota for a customer who happens to be a car dealer and he did request full duty should be paid on it and I did exactly what he wanted .He emphasized the car is for end user and mostly when the car is cleared they drive it down to Jos. Having paid full duty .Alas custom officer stopped them on the way and the driver has to call me saying they stopped him that actual duty was not paid couple with the fact the driver had another security u agent sitting beside him in the car. At the end of the day , the officer said what i used in getting the car out of the port , the same should apply to hin and at the end of the day he was bribed with 30k to allow them go .A lot of instances like that . When vehicles or consignment has been duly cleared from the port and it went through proper channel of clearance . I see no reason why over zealous officers has to go after such vehicle or consignment .

What the custom ought to do is give the car dealers DN (debit not) to pay the differentials on already cleared vehicles

What is the essence of valuation from custom?

What is the essesnce of CPC. central processing unit ?

what is the essence of Inspection acts?

What is the essence of releasing at the gate ?

What is the essence of gate control ?

And they have template which is the standard use in valuation .

You can always do a background check to know exact duty paid on a vehicle .its very simple
Your driver was scammed or the car was under-declared, if you pay your full duty as at when then you got no dealings with them boys on teh road!
Autos › Re: Lagos Automobile Dealers Protest Sealing Of Their Businesses By Customs by erico2k2(m): 8:10pm On Nov 19, 2019
chronique:
Stop sounding like an idiot. 95% of the cars being locked up in car lots all came from the apapa wharf and were duly cleared and released by customs(they have exit notes to show they came out of the Lagos ports). You can't get your car out of the port after clearing without obtaining an exit note. Question you should be asking is how come cars that were duly inspected and cleared by customs officials to leave the port, are being held for not having duties.
And how did you come to the conclusion that these cars came fru Apapa Port and not throug Land borders?
Autos › Re: Lagos Automobile Dealers Protest Sealing Of Their Businesses By Customs by erico2k2(m): 8:09pm On Nov 19, 2019
9jatriot:
They should go and pay the custom duties before selling the cars. They want to sell the cars without paying the required custom duties so that unsuspecting car buyers will be stopped along Benin road and made to go and pay the required sum. I support custom holding dealers responsible rather than individuals who confidently go around thinking the dealers have paid their duties.
I have been wondering why this has not happened a long time ago but now I know why, land border close, no more revenue as usual so the now pounce on the easy meat the car mart.
Health › Re: Ene, Emaciated Lady In Ajah Is Rehabilitated (New Photos) by erico2k2(m): 11:32am On Nov 19, 2019
MDBrand:
You are very stupid
Xtreemly stupid
Car Talk › Re: I need Recommendations For CLEARING AGENTS Please. by erico2k2(m): 5:20pm On Nov 17, 2019
Readonee35L:
North America?
Ok I won't be able to advice on that, ask the folks from the US for assistance
Car Talk › Re: I need Recommendations For CLEARING AGENTS Please. by erico2k2(m): 5:04pm On Nov 17, 2019
shipping from?
Education › Re: Afe Babalola University Commissions Senate Building - The White Rock by erico2k2(m): 9:12am On Nov 13, 2019
CodeTemplar:
But why do schools go far impressive senate buildings?
Its a statement of purpose!
Phones › Re: Border Closure: Telecom Operators Warn Of Network Disruptions by erico2k2(m): 6:41pm On Nov 09, 2019
NAh lie we will not take it
Crime › Re: Man Begs UK Police In God's Name After Being Caught With Expired Car Insurance by erico2k2(m): 8:02pm On Nov 08, 2019
1Sharon:
Yes you're right. And they do this randomly

Ppl without mot/insurance, I'm sure their heart must be beating so fast any time they drive in front of police grin
Its not random, its every time, once the car is driving ANPR is on 24/7
Politics › Re: Governor Wike Begs Buhari Government: Please Forgive Us by erico2k2(m): 9:33pm On Nov 07, 2019
solmusdesigns:
cool



In Wike and his Dunce followers mind FG that budgets within the region of 200 to 500 billion for roads in the whole 36 states plus fct would have 60billion for roads connecting two local government in rivers, People like this speak because they know they have dumb followers

When Buhari completed PH Airport in record timing, he didnt make noise.. why cant he ask for the road to be released to him to fix, since Ambode took over FG road like Oshodi-MMA road and standardly completed it, Dapo Abiodun and Sanwo-Olu have also gotten Lagos - Ogun road away from FG, what is loud mouthed wike doing

..
B4 you open ur clap trap, have you checked to see the -so called Airport completed in record time?the damn airport was at same state at which it was left, I said this then but heads like you screemed Ipob, now up till now Airport is still not in use,Una nor shame still,Una mumu never doo?

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