₦airaland Forum

AlPeter:
I am talking of the secondary school. from what I am seeing the school should be about 1.2million any thing less then the school deserves praise. Also must churches are structured in such a way that it's difficult for the founders to just be eating off the church save a few churches. I know this well.

I'm talking of CU...and no FA academy in my area cannot be 1.2m if not noone will come..just joking people will go if its 4m thas becos of the intangible assets. ..codetemplar come and learn oooo..yes I agree as regards the structure but also there r incentives and allocations and also lifelong accruals...even structured businesses are such that the founders cannot just dip hand and collect but the point is he calls the shots

CodeTemplar:
Did RCCG founder build one for himself?
Instead of admitting your flaw in not knowing how lands a treated in the books of schools you are here ranting like a cocaine laced squirrel.

How land is treated in the books of schools

Wow boy you should apply for scalarship in FA..You need it...I won't respond to you again your IQ is questionable

Be intelligent bro at least d man you fighting for is..y hasn't it robbed off on you?

HigherEd:
You are still a fool. A BOD does not have to be a shareholder. A shareholder is part owner of a for profit company with allocated stakes - he may or may not be part of the management of the company.

A board of director is a member of the governing board of the company and is comparable to a trustee. A trustee and director are appointed and can be sacked. A shareholder cannot be sacked.
That a church has trustees doesn't equate it with a stakeholder or does it connote for profit.

For example Elumelu can be sacked as a director of UBA but he can't be removed as the majority shareholder.

This invariably means Oyedepo can be sacked by the trustees of winners if they desire to, making any claims to the church properties illegitimate.
Even a mosque has trustees registered with CAC but I don't expect you to understand that.

You r so ignorant..I have been saying it since that's it's only company publicly quoted that it regulated is your church public? For you to compare UBA and trustees shows me you are dumb and not informed

You guys argue ignorantly? Chaiiiii..just negodu wetin you dey talk

UBA is a PLC and the workings of PLC are not such with incorporated or LTD....

LEARN BRO LEARN

sack Oyedepo? Joker

AlPeter:
Your points are moot. You have no idea of the school fees, whether it's subsidized or not , scholarship etc. yet you criticise your hateis obvious

CU charges at a premium...extremely expensive so tell me where the subsidy is? I know they have allocated space for scholarship and what not but like I said small space that the deacons fraudulently allocate

HigherEd:
You are still a fool. A BOD does not have to be a shareholder. A shareholder is part owner of a for profit company with allocated stakes - he may or may not be part of the management of the company.

A board of director is a member of the governing board of the company and is comparable to a trustee. A trustee and director are appointed and can be sacked. A shareholder cannot be sacked.
That a church has trustees doesn't equate it with a stakeholder or does it connote for profit. Even a mosque has trustees registered with CAC but I don't expect you to understand that.

With this comment I'm certain you don't Ave a registered LTD

WHEN you register a Ltd who do you use as directors...for one man business they use their children or relatives and allocate share freely..this is just for regulatory purposes...the real owners know themselves same is applicable to churches....if I hear them dissolve trustees..

You are just sounding smart but don't have real life experiences..it's only in publicly quoted companies ie companies that can trade of the stock market that is heavily applicable and regulsted too..the board is dissolved after a tenor say 5 years and new board inungurated...but in your church d same people can sit as trustees till eternity unless there is disagreement and is kicked out

I'M done trying to education you Bro. ..you just have book knowledge but not practical..you have been brainwashed by your father in the lord

Sibrah:
What a load of shít.
So the land value will compensate for the huge subsidy being expended to keep the school going.

There r no subsidiaries on the schools..and yes in the next 20 years the value of land will read in their balance sheet at prevailing market rate and infact starting from their next balance sheet as fixed assets must reflect...have you seen a balance sheet before ..I think not

jesmond3945:
i am sorry for you, the quest for money has brainwashed you. So why is he not doing any other thing apart from education. So he built a world standard lab just to make money? So you think education is a business venture? Anybody that takes a education as a biz venture always settle for less. Look at madonna university and other mushroom university. So church offerring is what he is using to pay the russinan trained vc and other foreigners? So why are churches running schools? Do you know what is western civilization? Church and education. Thats what the missionaries used to bring their culture here.With aall due respect you talk like an onitsha based trader. I pray you change your thinking.

And you sir talk like a job seeker ..I think my problem is I'm in convo with babies in business.,men who don't know nothing about business..we walk the talk..

Lemme educate you..education is a viable business for any business minded individual who has the capital to venture in and knowledge to oprerate same..now church have the intangible assets and human capital which is part of the foundation to run a school hence making many churches run educational organisations..

Iz like a mechanic who branches out to selling parts,.he already has the clientele base to sell the part too. thats utilising your value chain in production

These schools must run on their own meaning the income statement must be more than expenses..initially the schools might need intervention for 1 or 2 years it depends but Oyedepo is awash with fresh funds from the sheeple...some school owhere get dis from loans or from their personal balance sheet to intervene in the business

The truth is the schools are good and meeting a need but it's like a business bro...and a business must make money and be profitable..it's not an NGO and it runs fully on a profitable business model

Your father in the Lord gets these monies for free...

HigherEd:
slowpoke, a board of trustee is not equivalent to a shareholder in a company. It is equivalent at best to a board of director. Stop displaying wholesale ignorance everywhere.

Let me educate you since you refuse to be smart..,a board of directors for a publicly quoted company like banks are nominated by the stakeholders or share holders to govern the affairs of the corporation but board of directors for a limited liability or private company are actually the shareholders hence in the CAC it carries the total allocated shares but for an NGO it's called board of trustees and if you have seen actual CAC registration of churches you will understand.

Board of trustees for this churches function in the same capacity as shareholders hence I used the words interchangeable in my previous post...it's like saying a principal for a secondary school and head teacher for primary school and vice chancellor for a uni ..same roles different preview...

A banker in the house can assist me to clear your ignorance..most churches have the names of their wife and children as the board as I'm privy to churches CAC being an account officer of a commercial bank for some years

But as the churches grow and they branch out they include other trustees for new enterprises like say XYZ CHURCH UNITED owned by XYZ CHURCH WORLDWIDE which originally has the church founder and his family as trustees.....so in essense XYZ CHURCH WORLDWIDE owns XYZ CHURCH UNITED.....now LFC CHURCH owns the school but who are the trustees of LFC and who is the principal...Oyedepo is the owner of winners sir beleive it or not...his the owner of all the school and everything..,abi iz it for you family

There is always a parent company or church name 5HAT every other thing is linked back to ..even if CU is registered and the board of trustees does not have Oyedepo name,,,CU is owned by a parent body that has OYEDEPO sitting as the principal office of the board of trustee ..that's how it works like shell companies..you have to unveil all the shells to get the actual owner the purpose is to deceive uninformed people like you who think the church is owned by Father Son and Holy Spirit

Brain washed individual

Doktajay5:
hear ur self, ''is cash and carry'' if no church gives such quality were ur government fails, will u cut ur cash and eat. do u really understand the importance of these institutions aside what ever you think oyedepo is benefiting.

if u agree with me, u will agree that ikorodu is a low income earners settlement.
this quality of school is there. r u trying to tell me the fees wont be designed to meet the ability of such social class. have u heard there is a scholarship scheme for good brains in LFC?

bro am only appealing to ur common sense devoid of tribalism, nepotism and hate. me am not even a member of the church. but i have a working knowledge of how people put effort to make it in life, and how much blessed u get when u touch the life of the poor in any capacity.

so chill, stop hating. dude deserves a standing ovation, cos he intervened where ur government failed.
if he eventually pockets the tithe, will u beat him?? is it ur tithe..
bro just go and work hard, stop hating. applaud the dude. he is doing what is expected of the church.bye bye

He is doing what is expected of any business man not the church..his in it for the profit..you dont understand a business model..Ikorodu is densely populated and yes there are above averagely rich folks there? do you think ikorodu is a village? so banks that have branches in ikorodu and VGC nko? what r u insinuating that ikorodu is poverty prone..

Do you know alotta business owners reside in Ikorodu in their own houses do you have your own house in lagos or even Ikorodu? do you know alotta the island workers are living in Ikorodu? I mean heads of departments?

Im really in a discuss with poor minds and guys who dont own or do business..how old are you bro?

I give up atleast my comments are here for posterity and even if its only one person it liberates from falsehood, then the aim has been acheived..if Oyedepo used his own personal funds to start the school like Dangote or otedola or elumelu then i can applaude him but no he fleeced the flock to start a private business that even the sheeple cant benefit and you want me to appluade him?

You guys never cease to amaze me

Doktajay5:
why are there so much ignoramus cum illiterates on nairaland ? what is this about tithes and offering? are u a christian at all? if u are, has any one made it compulsory that u must pay tithe b4?
why r u so illiterate to see the biblical injunction and conditional provisions on tithing.
again have u bothered to ask ur self why u are poor and illiterate?

haba!! the tithe is beginning to sound like broken records already. do u think that if people stop paying tithe today oyedepo will go poor? common!, are u guys this empty?. how much is ur tithe assuming u agree t pay. a man that has affected the lives of Nigerians from his vision (which am sure u had 1 but ur illiteracy and hate couldn't let u grow it) is the same u all vilify online everyday cos of peoples tithe paid in obedience to Gods word, yet u all pray every day.
i ask again, have u bothered to know y u r poor? i mean y u r a popper? no, u need ask ur self that question and answer it as well. after that u may free ur life from the shackles of poverty.
tithe payers in these churches r big shots, they still pay even with ur rants online. u think they r fools??

i ask again have u bothered to know y u r poor??

remove LFC today, Nigeria unemployment will increase significantly do u know? does it really bother u? does it matter to u??. if it does, and knowing this, would u still ask if oyedepo is doing Nigeria a favor? like one slowpoke asked earlier.

well u all need to have a rethink into dispositions especially on NL. am sure it will save a world of doom.

have a good night, if u fucking care.

The truth is I was a member in winners and paid tithe every day of my life for like 13 years..honestly I don't pay again now for the past 1 year and my finances has grown rapidly ..im far from poor my friend but no need to brag...im blessed beyond what I have been in all my years of listening to the poisonous lies spewing out from Oyedepo

Im blessed and if you are around Ogba gimme a call lemme me show you how blessed I am ...it means nothing to me unlike when I was in winners and making money was all I thought about because of the lies preached by Oyedepo..the competition in the church to drive fine cars so you can run to the pulpit to share you testimony ...you paying you way to get favour from God ..

Truth is if the people stopped paying tithes and offering you father in the Lord will feel it oooo...do you know how much that church makes every sunday ..he will have major cardiac arrest ooohahaha

You are a baby Christian and don't understand the new convenant..

IM BLESSED BRO..BELEIVE ME...GOD HAS LIBERATED ME FROM THEIVES ON PULPITS AND SHOWN ME THE REAL GOSPEL..NOT THE GOSPEL OF MAMMON BUT THE REAL GOSPEL..I SINCERELY PRAY YOU GET TO KNOW IT ALSO

You guys don't understand the God you claim to worship...

HOW TO REGISTER AN NGO IN NIGERIA


STEPS TO REGISTERING AN NGO IN NIGERIA Non-Government Organisations (NGOs), sometimes called Civil Society Organisations (CSOs). They are non-profit, voluntary citizen’s groups organised for a common interest and perform a variety of service and humanitarian functions. They are organised around specific issues, such as human rights, child rights, health care, etc. They are usually funded by donations and are run primarily by volunteers. They are exempt from tax in Nigeria. Although an NGO is not a commercial entity, the Corporate Affairs Commission views it as an entity which needs to be registered nonetheless.



There is therefore a laid down process for the registration of NGOs in Nigeria. This article will give a step by step breakdown of the process. The registration of NGOs is a bit peculiar in that it can be done under Part A of the Companies and Allied Matters Act as a company limited by guarantee or under Part C of the Companies and Allied Matters Act as Incorporated Trustees. This article will explain the process to register an NGO under Part C.


STEP 1 As with all registration of entities in Nigeria, the first step is to conduct a search on the name to find out if it is available and to reserve the name if available. It is always advisable to have at least 2 names, one alternate in case the primary name is unavailable.


STEP 2 NGOs and CSOs are supposed to be governed and managed by what is known as a Board of Trustees. These are the equivalent of what a shareholder/director would be in an incorporated company. The Trustees of an NGO or a CSO are responsible for the management and direction of the association.


STEP 3 Once you have your name approved and your board of trustees in place, the next step for the registration of a NGO in Nigeria is that the Trustees must publish a notification of their intention to register a NGO. This notice must be published in 3 newspapers, one of the newspapers being one that is widely circulated in the area where the organisation will be based.


STEP 4 The next step is to complete and submit the application form. The application form is self-explanatory and asks for information like the approved name of the NGO, the registered address of the NGO, a brief description of the aims and objectives of the NGO. The form also requires the personal details of the Trustees, this includes their names, sex, nationality, permanent residential addresses, occupation etc. The completed application form must be submitted alongside other documentation which includes an application letter, the original newspaper publications, two copies of the NGO constitution, the minutes of the meeting where the trustees were appointed, 2 passport photographs of each Trustee etc.


STEP 5 All the documentation is then reviewed by the CAC, and if there are no queries, the NGO is registered with the CAC and can then commence operation.

Doktajay5:
its so unfortunate how people like you fail to see the benefits of most of these things just because of ur hate for oyedepo.
Have you asked your self what happened to the standards of the government owned institutions that used to be available years back. I just saw a return to what i used to know about quality of sec. sch in these schools u hating oyedepo for, yet u cant see that just cos ur hate.

Have u considered the number of Nigerians employed in these schs? No, u r just particular about what u think oyedepo in benefiting. U think oyedepo is still at the level of counting money gains?? chai, sorry bro, wake up, free your brain from the yoke of poverty.

See human capital development, see economic growth, see quality of education as a tool to nation building, see significant reduction in the %age of unemployment in Nigeria.

Stop hating, have a vision in your life, pursue it, nurture like oyedepo did, feed it, grow it, sacrifice for it and build an empire for ur self and stop hating.
Your hate cant change anything but will only keep u myopic for life.

You talked of ur family sch, i want to ask u these questions. whats the staff strength of that sch.? whats the salary grade for degree holders if any. whats the capacity of managers/handlers of that school. how old is the oldest staff there and whats his/her salary. when last did the teachers there attend training and capacity building??

Am very sure u r comparing ur family's exploitation venture somewhere with all the low quality, cheap laborers to this grade A sch. just cos of ur hate for a man u can not reach his shoe height in your next 10th generation.
U need to help ur life. u r hard on ur self. as am seeing you, u r jobless and have refused to see opportunity in these schs. and key in.
U r just a hater. but u need to repent b4 u die of frustration.

The man has built an empire for himself and his generations and if you read my post i never said his schools are bad infact there are good.. ;Dim only saying no one should thank him or give him a stand ovation because the services were paid for by the students..its wasnt cheap so its cash and carry good education...

im not aspring to steal or defraud a people to reach my goal so no i dont even wanna be like Oyedepo..y? im very content as the bible says goldiness with contentment is great gain ..we brought nothing to this world and we will leave with nothing...

Our greatest problem in Nigeria is ignorance..and you my friend are very ignorant..a man takes contributions from members and builds a school and incorporates same in his and associates name and you want me to thank him that his doing us all a favour? you guys are just ignorant and unlearned

Just like op saying there r no shareholders in church..mumu guy..board of trustees are similar to shareholders..im only glad i taught people things this night..that codetemplar have learnt some economics and now op knows that even NGOs must have faces behind them just like a business..and the board of trustees calls the shots with a principal trustee nominated by same board..

Education is good and i appreciate myself being in the niche but iz just a business where u adding value and getting paid..just like the vulcaniser. the guys that sells parts in ladipo, the food merchant and thousands of business owners..

HigherEd:
Thanks for the enlightenment. I once thought it was oyedepo's dogs and fowl that were signatory to the church account. So thank you for educating me professor of stupidity.

You mentioned shareholders and I am asking you to tell me how an NGO that is meant to be not for profit would have shareholders. But you have failed to tell me how you came to that conc.

I just read your rubbish and I just laugh because it would be too laborious pointing out all of the nonsense you are spewing. Good night.

I maintain that you op are very limited in knowledge..

Churches that are registered in Nigeria under the CAC are registered as Incorporated Trustees and therefore fall under the NGO categorization
NGOs and CSOs are supposed to be governed and managed by what is known as a Board of Trustees. These are the equivalent of what a shareholder/director would be in an incorporated company. The Trustees of an NGO or a CSO are responsible for the management and direction of the association.

So when i meant shareholders i meant board of trustees which always has their names in order of priority or prinicipal role of the NGO..

Learn bro..learn...

HigherEd:
Lol he 'stole money'... Stupid trash talk.

Yes he did...threating tithe and offering so he can build schools that will make profit for himself..the profit that wont be shared to the real shareholders(members that paid tithe and offering)

His stealing from Gods people and the sheeple don't even realise it instead they are thanking him

Lazy Christians that wont study their bible and realise the deceit and scam that is perpetrated daily on the pulpit

HigherEd:
You be mumu. You are asking me who are the 'shareholders' of a Church - is a church a company or an NGO.

This shows how dumb you are..dont you know a church must be registered with CAC and the name of principal officers stated when opening an account with a commercial bank? the signatories and the mandate of executing withdrawal well stated?

With the signatories and a board of trustee with each allocated stake?

Ignoranus..you guys think its all spiritual forgetting the financial leg must be tidied up..

If you don't know know today..churches run like any other company financially and the commercial banks treat them as such..there r no special accounts for churches but the same account a business man will open or an NGO or any LTD will open is the same a church will open with the same mandates and prinical officer..or you think Holy Spirit will be signing the church cheques

Blind ignorant guy

gobuchinny:
You are an ignorant man

Amortization is for intangible assets and can never be used for fixed assets like land while depreciation cannot be used for land in the company balance sheet bush man and fake economist thats y Papa is always knocking your head on the wall because you are not smart ...

Depreciable properties include vehicles, real estate (except land), machinery.......

Be smart and stop forming wisdom when you lack it

Read and understand...intangible assets are not fixed assets like land atleast na my quote be dat...you clearly have comprehension problems

CodeTemplar:
you implied it . . . .never said you post it directly. English language, Mr School Owner.

did I imply it or say it..confused dude

CodeTemplar:
And you wen talk say land and building follow for intangible asset shey na you sabi something?
Dey dere make you dey speculate like say church dey born pikin?

see how you contradict yourself..thought you said I didn't say it but implied it..now in this post you r saying I said..please show us where I said land and building are intangible assets..

Ive been schooling you in economics since so how can your lecturer say such rubbish

CodeTemplar:
Do they also have schools? mumu boy

You are daft but I m guessing you already know..

so having a foundation means you must own a school

Btw the masons have schools and hospitals (that are subsidised)

CodeTemplar:
it is depreciated in the books . yes or no?

so from my explanation are you telling me you don't still understand my position

You ask alotta silly questions I wonder how your lecturers coped

CodeTemplar:
land is depreciating asset for schools.

so from these my quotes you quoted are you saying I implied that intangible assets are linked to land??

Mehn your case na sorry

CodeTemplar:
land is depreciating asset for schools.

Land is not depreciated because land is assumed to have an unlimited useful life. Other long-lived assets such as land improvements, buildings, furnishings, equipment, etc. have limited useful lives. Therefore, the costs of those assets must be allocated to those limited accounting periods

But I know you can never understand the above statement but let me leave you in that state of confusion..you will come and say that I implied that the limited accounting period is the cost of fixed assets

CodeTemplar:
The heavy duty mumu could have googled davidoyedepofoundation for a start but hatred has darkened his brand new/unused brain.

You are not smart my man..even yahoo boys have foundations..atheist have foundations

So whats special in your man of gold having a foundation? the free masons have foundations even ogboni has foundations

jesmond3945:
just look at your logic, do you know a software called comsol for multiphysics is 140,000 pounds just for license alone. Only one software. Imagine having licences for several of them how much it would cost. Do you know much he pays staff, even a russian trained professor is the vc of convenant. So you want him to pay the young man 600k naira. Someone that has seen millions of dollars as grant alone. See the way you think and the way oyedepo think is like the distance between heaven and earth. Almost all the apps that are making wave in Nigeria are done by his students. That man is a great man, he is not like your politicians. Infact in 10 years time convenant university would dwarf all the public university in Nigeria combined. His vision is bigger than yours. Just look at ordinary primary school the lab alone is better than most schools in Nigeria. Let Him charge 1billion for school fees if you cant afford it go to imsu. Do you know how much govt subsidizes education thats why ASUU strike would never end because the money for education is going into subsidy remove subsidy increase fees and watch univeristies compete globally. Finally oyedepo doesnt care about your money, people beg him with cheque. People kneel down just to give him money. When you serve God from the heart he would change your thinking you would see that money is not everything.

Bros your point fruther emphasises my points that its a business..simple so no one should come here and expect us to thank him...his spending money to make more money sir..

Im a business man and i know this..anyone saying his doing this because he loves education is greatly deceived..the man is a business man..its called diversification of income...i give it to him..his smart and intelligent..and a business man in to make profit

You say money is not everything but yet the fees are over the roof..

Also remember that the monies gotten from the services on sunday alone can cater for operational expenses for his schools so he can actually afford to make it free or atleast subsidize it..but greed wont allow him

HigherEd:
Idiot why didn't you make your father's school free for the poorest in society. What CSR has ur school done for Nigeria. You reap profit from the so called poor and probably offer substandard education therefore thinking everyone is like you... The oyedepo you talk about has offered free education to over 1000 people which person hv u schooled for free.

we actually do CSR and offer subsided scholarships for staff children..they pay about 25% of tution..we have some students that have been given scholarship from the community but on merit..

But remember we are a real business and got the seed capital from our family balance sheet so we must break even..Oyedepo on the other hand stole the commonwealth to set up a school that will generate proceeds for him and his generations for ever

A school that the poor and wretched members and trust me there are many in that church cannot attend

What a scam..you tax the people and the same people cannot attend the school..people that give their all..some drop all their monies in the basket and walk home and remain poor.....atleast make it free for the members forget the non members.

Slave mentality and you expect us to thank him...taaaaaaaaaa…

WAKE UP

CodeTemplar:
you implied it . . . .never said you post it directly. English language, Mr School Owner.

HAA ..how did I imply it ..everything you draw conclusions from must be what I posted naaw.

Show me the implying post

All talk no substance...

If I implied such like how you linked amortization to land then I must go back to my economics teacher and collect my tuition fees for that course

HigherEd:
I have been looking at your funny posts with amazement of how wrong you could be.

First and foremost, Living faith schools belong to World Mission Agency, an arm of LFC worldwide. It doesn't belong to any individual but the church so all ya analysis is a waste.
There are tons of high revenue generating endeavours oyedepo can do to make money, buy oil well, real estate(housing, hotel), telecoms, banking and aviation but he only ventured into school because he loves education. School business is for averagely rich people not the super rich. Reason why dangote, otedola, adenuga and co don't own schools.

Your post is beret of wisdom...World Mission has majority shareholding as who? LFC has majority shareholding as who? don't be deceived by all the bureaucracy jargons...its owned by Him and His family..there incorporate it to go corporate for greater reach and accountability but that does not mean its not owned by him...World Mission cannot sneeze without Papa approving the sneeze

Who told you Oyedepo only ventured into only school business..the funny thing is how ignorant even the members are...Oyedepo has business venture you and every lower cadre member will never know

Dont be silly about the education business ...its easier for a church to venture into the educational arm than any other business because of the already existing human capital but i wonder if you understand what you just read..

Thats y churches and schools have always been 5 and 6..

School business can be done by averagely rich and the super rich...which is evident in the fees paid sir..

Oyedepo has no flare for education if it wont profit him..people that have flare will subsidise it or make it free..the UK government have flare for education

CodeTemplar:
Mr accounting professional, is land and building part of intangible assets as you implied? back up your claims and stop running.

Quote me any where I said land and building are intangible assets

I know I said too many things for your brain to comprehend so u mixed things up..please go back and read ALL my mentions and quote anywhere I implied land and buildings are intangible ..if you find send me you akkant number I will send you 20k and you have my word..

Ekealterego:
Oga stop chatting about something you don't know shit about. And for your information, this my friend of profession.

So, for your information, those schools are publicly owned property, but even if the government choses to privatise them, if it had cost the govt, 30k Naira to acquire the plots in 1970, (although today the Land Use Act, 1978 would have been used to get the plots) a private company will acquire same for 30k in 2019?

Please make una dey apply small common sense.

My brother infact d thing tire me..the guy is not bright at all...just to dull to comprehend simple issues..if we come dey talk the proper accounting jargons I wonder if he will think person dey speak local dialect

Amortization and depreciation kooo...immortality and segregation niii...

CodeTemplar:
You talk nonsense shamelessly. It show delusion and hatred.

I gave you a concrete example of the newly built FA in Delta State and showed your speculating @ss why they cant recover cost of construction alone in two decades but you conveniently ignored that and continued with your speculation.

You are talking more rubbish. Sample you school if it exist let's compare it to one of the FA by fees paid, services rendered, stafff salary, population, and capital. You wouldn't because you know I will expose you conclusively with that.

You are irredeemable..an educated illiterate who has refused to gain knowledge...expose me how??first you dare talk of amortization and depression with land and you expect to understand the business of real estate?

Your ignorance is bliss..please educate yourself and if you are in Lagos, Ogba to be precise, you can hit me up..i will take you on a tour of our school..built on sweat and real money not fraudulent monies from the commonwealth privatized to personal gains..its not a big school but very decent and caters to the needs of the community which we are paid for..now should the community thank me for providing a service im being paid for

The bolded is very funny...you are constantly exposing your ignorance and illetracy to any well informed reader on this thread by thinking of how to recover cost of construction or real estate from a long term investment

Clowns everywhere

CodeTemplar:
See your brain also . . . . dont govt collect tax? why cant all Nigerians afford govt schools? Can all citizens afford your non-existent school in virtual Lagos?

@bold, tax how?

Bros you see ehen..if I break down you stupidity from this post alone..even you sef no go believe how stupid you r..

Nigeria's case is simply hinged on kwaruption..infact forget the taxes..the revenue from crude oil is enough to provide free basic educations for the citizen so lets not even talk about Nigeria and if you want to use Nigeria's inadequacy to compare y ur papa wont do free schools for members then be my guest..it will invariable mean your papa is kwarupt like Nigeria ..where you find selfish politicans cornering the commonwealth of a nation...now those that sound fimilar to you..Oyedepo cornering the commonwealth of the church for his personal gains

BTW Nigeria with all its flaws has subsidized education at the primary secondary and even tertiary levels and can be afforded by a braoder spectrum of the citizenry unlike you papa`s business..so whats your point again?

RALPHOW:
If you find any FA with less than 80% winner's members children I will give you 10k.

Truelly faith academy is more affordable I beleive as i dont have much details on their fees..my issue is with CU as i am privy to the cost and the population spread of the students...you find alotta muslims, children of politicians, the rich and also their members but that school was not built with the members in mind.