₦airaland Forum

makapella:
God punish bmc and all their cohorts

lambinkin:
@ Explorers, please which website did you get the vehicle history details.

Thanks

Cosplay:
I really don't need to refer to your entire post, my response above covers everything else you added.

The price is not the issue.

If you read through the thread Explorers created about vehicles in the Autos Section and the thread below, you'd understand what the real issues are.

https://www.nairaland.com/4472739/vin-validation-vin-tampering-case

YorubaAssasin:
Firstly, I need to know what you guys are complaining abt. Are you guys disputing the vehicle salvage status or the final price tag? From what the OP put up there, I think it's reasonable even though it's a very bad deal. IMHO.

The $275 isn't the net/final price sold at the auction. That price is what's called the pre-bidding price prior to the actual auction. After the real auction might have taken place, the final bidding price is likely to surpass the $275. Okay let's assume the final bid price is $275...

The $1K add fee is mandatory but, not necessarily that much. It's usually a % of the total cost + numerous fees (paper-work) added up. So let's assume it's $1K... So, let's do the math...

$(275 + 1,000 + 200 + 1,200) = $2,675 * N360 = N963,000 + N500,000 (Clearing Cost) = N1,463,000

Let's NOT forget, the car was fixed by whoever that bought it... and from the damages I'm seeing, the total fix price to get this to its current shape would be nothing less than $1,500 - $2,000 = N540,000 - N720,000. Let's say it's N540,000


N1,463,000 + N540,000 = N2,003,000.

Again, this is the minimum net price given the info. provided by OP. So why the hassle... everyone whining upandan. This is one of the numerous reasons I tell folk to rather buy a car in Nigeria than from here in the U.S. The only advantage of buying foreign (developed nation)used cars is proper usability (good roads/dealership maintained etc.. ) and less-salvage value compared to 9ja used.

Though, this is a very bad deal given the extent of damage and cost of repair of this particular vehicle. I expected someone like "Explorers" to have dug more info. before coming out to cry foul.

obailala:
Good stuff! You are beginning to help me answer your own questions. Keep the answers coming, keep searching within and answering yourself. Very soon you will also realise your upside-down logic all by yourself.

At least youve now acknowledged that there are certain internal factors which could make a commodity sell for different prices in different countries. So a simple question for you, if you agree there's a minimum price regulatory tax which forces B&H cigarette packs to sell for £10 in the UK, do you think the same tax would be imposed on the packs sold outside the UK?... If not, why did you bring up the comparison of PMS prive in UK vs Nigeria in the first place?

obailala:
If the idea is to make money by falsely inflating the quantity supplied, so why bother deflating the price by up to 40%? Isnt that already cancelling the marginal profit they try to steal by inflating the quantity supplied?

If I have an intention to corruptly steal money, why then would I buy a commodity N300 and tell people I bought it for N180?... Shouldnt it be the other way around?... Quite amusing that you still cant see your flawed argument. I suggest you go take a deep nap

obailala:
That petrol sells for £1.18 in UK, it doesnt mean it has to sell for over N500 in Nigeria. A pack of benson and hedged cigarrette sells for over £10 (~N5000) in the UK, but the same brand sells for less than N500 in Nigeria. So Oga please leave this your repeated inconsequential question about how much petrol sells for around the world.

Meanwhile I'm still waiting for you to explain your logic about NNPC buying petrol at over N300 and telling Nigerians they bought it for N180. You termed it "over-inflation". I'm not doubting that the govt is trying to swindle Nigerians somehow, and neither am I doubting that you may have a point. But I'm just struggling to understand your point as it makes no logical sense.

A boss sends his servant on an errand to go buy a commodity. The servant returns and tells his boss he bought it for N180. You claimed the servant actually bought it for over N300 but is lying in order to swindle his boss. Can you be kind enough to explain the logic in your allegation?

obailala:
That petrol sells for £1.18 in UK, it doesnt mean it has to sell for over N500 in Nigeria. A pack of benson and hedged cigarrette sells for over £10 (~N5000) in the UK, but the same brand sells for less than N500 in Nigeria. So Oga please leave this your repeated inconsequential question about how much petrol sells for around the world.

Meanwhile I'm still waiting for you to explain your logic about NNPC buying petrol at over N300 and telling Nigerians they bought it for N180. You termed it "over-inflation". I'm not doubting that the govt is trying to swindle Nigerians somehow, and neither am I doubting that you may have a point. But I'm just struggling to understand your point as it makes no logical sense.

A boss sends his servant on an errand to go buy a commodity. The servant returns and tells his boss he bought it for N180. You claimed the servant actually bought it for over N300 but is lying in order to swindle his boss. Can you be kind enough to explain the logic in your allegation?

obailala:
The NNPC is saying the landing cost of PMS is about N180, you consistently claim it is a lie, that the true cost must be over N300; and then you turn around to say NNPC is OVER-INFLATING because it wants to steal?... Where is the logic in this?

Lol... guy maybe you need to go back to bed, and then when you wake up refreshed, try and re-examine the logic of your argument again.

Psoul:
Check the sentence in bold. Such civility is obtainable in a sane society not obtainable in Nigeria where the Landlord will fail to take charge of his responsibilities in providing and fixing certain things in the house they charge so high. U will take up the Landlord's responsibility and he still expect u to live like a slave in his house. The man is just jealous of those guys success.
Will the Landlord also take permission from his tenants wen he want to host any occasion in the compound?

obailala:
Bro you are wrong! I dont know the exact figure as at today, but PMS landing cost in Nigeria is currently less than N200; if there's any reason the NNPC/PPPRA would want to lie about landing cost, they would more likely be inflating the figure to steal money, not the other way around.

obailala:
You haven't still clarified your point.. So because pms in the Uk is £1.18, you have simply done a conversion and assumed landing cost of pms in Nigeria has to be over N300?

obailala:
Oga, cut the riddles and simply explain your point; the country where it comes from, how does that matter?...

How did you arrive at your over N300 landing cost conclusion?... If that were the case, how come PMS still sells for N145?... That woukd mean a subsidy of at least N155 per litre.

obailala:
There's no way it can be up to N300, else subsidy would have been up to N3trillion by now.

Tiwaz2:
Source: http://www.ngyab.com/2018/04/breaking-nigerian-soldiers-in-gun-battle-with-boko-haram-in-maiduguri/

obailala:
You mean currently?..

Explorers:
Someone bought this car yesterday, i observed in this result manual window and no formica.

But the car came with formica and power window.

troy20:
I just wish you knew anything at all about your history since you seem to know so much about the religion that was used to make conquest, exploit, explore and enslave your ancestors. It's funny you want to take it back to them. Well i just hope you equally get back from them just as much as they managed to get out of us. Those pics are some of the much more gory pictures of our slavery and the inhumanity of the white man just as they equally practiced this same religion your tutoring now. If you can't then you're still a slave and I never knew a race more lost than the black man.

HigherEd:
I understand. I am simply or basically trying to say that
1) Christianity doesn't not prevent Nigeria from attaining any economic or glorious heights
2) Christianity is not responsible for any Nation's woes
3) The growth of Churches in Nigeria doesn't mean Africans are stupid.

Cromcruach91:
That is why we must deregulate.

Prices go up, yes, but so does investment, refineries, and eventually prices will crash due to competition.

We can't afford subsides anymore. Unless oil goes up to $150 and above

Yankee101:
Senate fighting back

Cromcruach91:
1. Because by 2013, N87 was only being paid in Lagos and Abuja. By 2016 when we raised prices we were running out of money in dollars to subsides and import fuel, which meant landing costs had increased, so a price increase was done.

If we had not done so,we would have been in serious economic crisis.

2.If we want prices to go down to 87 naira again, which is what you want, we would have to drain our foreign reserves to pay subsides again. No thanks. We would be as broke as Venezuela if we did that.

Venezuela pays less than 80 naira per liter for fuel. Their foreign reserve is less than $10 billion.

obailala:
Sadly, if oil goes up to $150, there will be no succor because petrol landing price will go up to N300 and that means more subsidy.

If the government was serious about solving this subsidy crisis without inflicting pains on Nigerians, a dedicated loan should have been taken to speedily set up several modular refineries (just at the site of existing refineries). After completion, the refineries should be handed over/concessioned to private establishments to run them efficiently and profitably and pay royalties to government just like the NLNG. With that arrangement, the loans could even be paid off in a couple of years and Nigeria would kiss the vicious subsidy cycle goodbye.

tete7000:
No one says subsidy shouldn't be paid but not through the backdoor. That leaves room for manipulation and stealing. If you Buhari pays subsidy let him raise appropriation for it through the house of assembly. He should be humble enough to swallow his vomit and admit subsidy is real and is being paid. All this one they are doing is avenue for corruption. His 'integrity' ought to help him rise above that.

MrsNwaAmaikpe:



Back in 2014/2015, Buhari said anything subsidy is a scam. Now he is the President and he is siphoning our money through the same subsidy he said never existed.

Buhari is a monumental failure.....a colossal mistake that must be corrected in 2019

ijustdey:
http://www.punchng.com/breaking-senate-indicts-nnpc-for-illegal-fuel-subsidy-orders-n216bn-refund/

gazmann:
I know there is a lot of it from UK. But my cars are from Korea.

AgamaProf:
You talked about land,we told you its capital intensive. Now, its agric.what aspect of agric are you talking about?...is not the amount you invest in stocks that matters.if you like invest 50m....that 50m can turn to 500k within a short space. There are investors who are interested in highly volatile instruments called global hot money. They invest for a very short period, make their gains and divest. A mentor once said, I have never lost #1 since I started investing in stocks.people understand the market than others no matter how companies try to doctor their books.

Marvellouzkk:
Married Men control your third leg or it will land you in big trouble you can never get out of