₦airaland Forum

TheGoodJoe:
For the last point, Tinubu had a chance of recovering a million dollars, so he would not go into hiding.

TheGoodJoe:
The judgment clearly stated that the American government took the money because they were proceeds of drug trafficking, not because Tinubu did not pay taxes. This money is proceeds of drug trafficking.

TheGoodJoe:
The main question is what does the law say.

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Section 137, subsection 1(d) of the 1999 constitution as amended states, “A person shall not be qualified for election to the office of President if -
fine for any offence involving dishonesty or fraud (by whatever name called)

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forfeiture - meaning

the loss or giving up of something as a penalty for wrongdoing.

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It is illegal for Tinubu to run for president. There is no spin. A competent court found him guilty of wrong doing.

rvp20182:
Kenya. Industrial manufacturing is relatively strong
in Kenya compared to countries at similar levels of
economic development. Growing by an average
of 4 percent per year over the past decade, it
now accounts for nearly 20 percent of economic
activity and provides 12.5 percent of all formal jobs
in the economy, about 280,000 jobs. The most
striking growth in production rates has occurred in
dairy, chemicals, and fabricated metals production,
all of which expanded by more than 50 percent
between 2010 and 2013.77 Other notable sectors
include textiles, pharmaceuticals, furniture, leather
goods, and motor vehicles, for which Kenya is
the prime supplier to the rapidly urbanizing East
African market.78
Investors in Kenyan manufacturing have already
benefited from SEZs, where downtime caused
by electricity and other power interruptions are
significantly less frequent than in other areas of
the country. Almost 20 percent of all manufacturing jobs are located in Export Processing Zones

rvp20182:
Lame excuse.
Nigeria is off chart compared to even most informal economy like Burundi or Niger or CAR or SOMALI.
That is because GDP is overcooked/overstimated.
It completely an outlier....
There is nothing more formal than 65B dollars' worth of manufacturing.
That should guarantee lots of taxes - maybe 15-20B dollars.

India state budgets is 625B dollars.
India federal budget is 400B dollars.
Total budget 1 trillion dollars
GDP is about 3.5 trillion dollars

68816419:
@bolded:
India, one of the most populous and productive nations in the world, has a budget of US$400 billion, yet Canada, which has a lesser population with smaller economy has a budget of US$430.13 billion, which is more than India. How would you elucidate that?

68816419:
These people are extremely delusional; the size of the Nigerian manufacturing sector is 8.09 times greater than that of Kenya and 4 times greater than the combined size of all of East Africa .
I even wonder how we degraded ourselves so low , considering that Ghana, which has a smaller population than Kenya, has stronger manufacturing industries.

68816419:
@RVP:
Nigeria is a behemoth in manufacturing(Ships, Boats, APC....), IT, banking, entertainment, and agriculture, so this is for you: Nigeria exports ships.

https://www.youtube.com/watch?v=opVnMXXFa0Q

Eriokanmi:
I'm so happy with this news. Only importers would understand my mood tonight. Dollar will drop to around 500 Naira before end of this month as predicted. Amazingly, this isn't about Naira redesign. Its a global thing. Sorry to those who changed their Naira to Dollar at a peak price.

obaaderemi:
They're always hiding the horrible stuff about their country. How can their biggest company fall by 50%?
And he is always boasting about his government's 30% stake in that company.
Their stock exchange must have lost a lot of capitalization because Safaricom is like 80% of the Nairobi stock exchange.

sulaak:
$42 billion external debt and rising
33% Unemployment
100 million in extreme poverty
Oil shortage
Oil thief
Importing dirty fuel
Mass corruption
Insecurity
Fulani Herders Mi

litants
Nepotism
High Inflation

$42 billion external debt and rising

33% Unemployment

100 million in extreme poverty

Oil shortage

Phantom233:
Tinubu has said it before..."I will continue from where Buhari stopped" my question is where did Buhari stopped? this is sacarsm. Buhari stopped at the brink of total collapse of our economy so Tinubu will simply collapse the entire economy from his words.

VeeVeeMyLuv:
my dear the media should be blamed for all these

Their silence shows that they are fully in support of the man and his party

EKONGKING:
We need action , not words .

For how many years can we blame others ,

Buhari is a singular disaster to Nigeria .


Lets hope what u are saying is true ,unless common man feel the the impact , i wont trust any body .

EKONGKING:
You r the biggest fool , what's agricultural production u r talking slowpoke. If ur stupid buhari has increased production , why is a bag of of rice increased from 8000 naira to 40000 naira.
Do u think all off of us are dumb .

Shma2022:
Debt ceiling still stands at 50%. Don't post propaganda.

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Shma2022:
Your tea stance does not make sense!

without human intervention, tea will not be produced. Minerals are free gifts. You just need a white man to come and extract it for you, then boom! Dollars left right center. Farming requires human effort; brain and strategy. Farming is part of cerebral-driven economy.
Your ZOO; Nigeria, has been extracting oil ("free" gift from nature) for a whopping 70years. I expect Nigeria's poverty rate & economy to be at par with her peers, UAE, and whatnot.

Reduce poverty rate before we can have a conversation. You can't have a huge GDP with low HDI. Focus on human development. Your currency is terrible. You're the disgrace of Africa.

Kenyan total debt(both external & internal) sums up to $72B there about and on a downward trajectory.
Nigeria has $68B in external debt alone, which is nearly double that of Kenya. You should get worried about your external debts - since your currency is going to dogs.

without human intervention, tea will not be produced. Minerals are free gifts. You just need a white man to come and extract it for you, then boom! Dollars left right center. Farming requires human effort; brain and strategy. Farming is part of cerebral-driven economy.

Nigeria has $68B in external debt alone,

Just40:
Your country just took another 3 billion dollars from the world Bank ... Keep sinking yourself deeper into this debt crisis you're facing .

The Ghanaian economy is busy growing on the back of manufacturing at a rate higher than expected.

Ghana will spend next year going through a disinflation process that will see inflation drop to 15%.

That means everything in Ghana will be a lot more cheaper than it is in Kenya currently is.

As we speak, Kenya has been suffering from hyperinflation for the better part of one year now. How are you guys even managing with those high prices?

waice6571:
Wetin you know....? How I wish we can revert to 2015...

waice6571:
How many economics dey inside buhari's head. He inherited a vibrant economy.... 3rd fastest growing economy and wrecked it shamelessly.

Truvelisback:
I suppose u mean Master scammer.

goody234:
I swear i wonder if naija people get brains sometimes ...we should teach critical thinking in schools o

Antoeni:
Does an innocent person forfeit his money ?

hbk001:
I can't believe that a seasoned lawyer or a S.A.N can spit out this jargons!!!! Just because of what, for real See, let's start calling a spade a spade so we can really move forward!!!
If not criminally related, why should he forfeit?? The last time I checked, only criminals forfeit their money or properties!!! Just like a case of EFCC catching a Yahoo boy, won't he forfeit whatever the proceeds of his crime!!!?

Indeed, if you're a supporter of APC or a member, you lose your sense of reasoning!!!!

Keyamo is really really going on a low on this. It's better to just keep quiet on some issues rather than to please your master/Lord but look stupid in doing so. Such a shame to the Law profession in Nigeria.

dgr8truth:
"It is question of how do you prevent the church rat from eating poison holy communion."

I want to know what is the correlation between this statement and climate change. Is Africa the church rat? Is it not derogatory as well as insulting to call Africa church rat?

Tinubu supporters please educate me.

rvp20182:
Ghana the land of the golden stool worth 76 billion
copied..
one of the most outrageous bonds out there must be the $1bn lent to Ghana in 2015 at 10.75% interest with a $400m guarantee from the World Bank.A buyer of the bond in 2015 is already guaranteed to get $1.15bn. And they are still 'owed' $1bn, and $860m of interest payments

WiszyFraud:
Did you know??


“Anytime you throw your weight behind a party that controls two-thirds of govt but can’t keep the promises it made to you during election & you’re dumb enough to walk around continuing to identify yourself with that party, you’re a chump & a traitor to your people.” - Malcolm X

rvp20182:
Debt management is a lot of things. Where you borrow, the interest rates, the maturity.
Kenya has one of Africa best debt management - despite our debt rising lately.
For example - compare kenya, nigeria and ghana external debt.
See where each borrowed from, for how much, and for how long - and who has pressure.

The pressure shows up in macro-economic indicators like currency, inflation, interest rates. Ghana is literally bursting the seams - and Akosombo is about rapture. Nigeria is not far. Kenya is very stable.

Ghana and Nigeria - most of their external debt is commercial - and as you know (if you do) - govs are not designed to be profitable.

They only become profitable when they grow taxes or revenues. Kenya is doing well there. Ghana and Nigeria are not.

Majority of kenya debt are concessional loans from adb,imf, worldbank, japan, france and china. Those ones can forgive you like they did Nigeria in 2005 - what was that 35B dollars written off. Their debt is more AID.

Now where problems start - Zambia and Ghana - you take eurobonds - and you soon die.

rvp20182:
Debt management is a lot of things. Where you borrow, the interest rates, the maturity.
Kenya has one of Africa best debt management - despite our debt rising lately.
For example - compare kenya, nigeria and ghana external debt.
See where each borrowed from, for how much, and for how long - and who has pressure.

The pressure shows up in macro-economics indicators like currency, inflation, interest rates.

obaaderemi:
Nigeria's foreign debt ----- $40bn

Kenya's foreign debt------- $36bn

Kenya is on the brink.

gallivant:
I was also wondering if the terrorists have allowed Nigerian train operations to resume. Just wondering...