₦airaland Forum

TruthinAction:
I am so shocked that a large percentage of Nigerians don't know how to make the right demand. What is this nonesense about sharing money as palliatives that will not take the poor out of poverty. Besides, there are countless millions the money will not get to.

So, if we have good revenue that far exceeds previous month's revenue, FG should use the money to fix our refineries.

When our refineries are fixed, the pump price of petrol should drop which will in turn bring down the inflation rate.

Other good alternatives are;

1. Build gas stations all over Nigeria and begin to convert petrol engine cars to be able to use gas to run. You spend far less when you run your cars on gas. For instance, if you spend 5,000 naira on petrol daily, gas will cost you just about 1,500 naira.

2. Invest the money on security. Set up CCTV camera on several places and on our highways.

3. Empower local vigilante to be able to curb the security challenges we are faced with.

4. Buy buses for transportation to run within towns and cities at low cost.

5. Build thousands of low cost housing so people will spend far less on rents.

6. Build more markets so that people can rent shops at low cost to trade.

7. Invest in agriculture. Build irrigation facilities so that farmers can farm for the 12 months of the year. Get involved in mechanized farming. Let the groundnut pyramid of the early 70s return back again.

8. Massive industrialization. Why can't we set up new industries to start producing many things that we import. For instance, can't we produce try circle aka Keke. It's annoying to hear that the price of that toy is getting close to 2 million naira. Why are our leaders so wicked. There are many other things we can start producing. Naira value is dropping daily because we are a consuming nation.

I can actually write a whole book on this.

Let's stop the scam of sharing money as palliatives and fix this country.

muykem:
They use the balance to pay off part of our debt.

Acekidc4:
Ecobank should Appeal the Judgement. There must be a very tangible reason for Ecobank to freeze the account.

A federal high court sitting in Lagos has awarded damages of N72.2 billion to Honeywell Flour Mills (HFMP) Plc in its eight-year legal battles with Ecobank Nigeria.

In a judgment delivered on Tuesday by Justice Mohammed Liman, the court granted all the reliefs sought by Honeywell over the freezing of its accounts by the bank in November 2015.

Ecobank had been granted an ex parte order to freeze Honeywell’s accounts in an attempt to wind up the company over its liabilities to the bank.

The ex parte order was granted with the condition that Ecobank would indemnify Honeywell’s over any losses.


The order was varied by the court of appeal in December 2015, but a dissatisfied Ecobank headed for the supreme court where it also lost.

Honeywell then approached the high court to claim N72.2 billion in damages against Ecobank for the losses it suffered while the freezing order was applied to its accounts.

The claims made by HFMP include losses due to foreign exchange devaluation, interest on unutilised cash balances, loss of revenue, and aggravated and exemplary damages.


In his judgment, Liman granted all reliefs sought by Honeywell.

“The plaintiff was denied the use of funds in his account based on the ex parte order granted in favour of the defendant. It is therefore my firm view that the plaintiff (Honeywell) is entitled to the amount claimed… The argument of the defendant in his written address is therefore not acceptable as the contents of the document are the best evidence and they speak for themselves,” he said.

He frowned upon Ecobanks’s lawyer’s approach, stating that “the purpose of an undertaking to pay damages has been held in a legion of cases to indemnify the party for the losses he may suffer on the bases of an ex parte order. Note that Rule 4 of the Winding Up Rules provides that all applications which affect the rights of parties in a winding-up proceeding must be made on notice.

“The provisions of the winding up rules are very clear and unambiguous. The defendant cannot claim ignorance of this provision as ignorance of the law is no excuse and it is even more inexcusable if it is committed by a lawyer. The ex parte application was therefore made ultra vires.”

Kukutenla:
You're sounding more stupid with each post. Who told you I'm from Anambra in the first place? I have challenged you to go through my posts and bring one where i ever praised any politician while it is something you do like your life depends on it.

It is this foolishness that led you to wailing after voting with your hands. May i ask where your brain was when you were voting? I can guess. In Tinubu's anus. Ordeh

Kukutenla:
With all due respect, your comparison is silly to be frank. Lagos is not Anambra.

Kukutenla:
I challenge you to go through my comments and see anywhere i have praised any politician. I can count how many of your comments have been shameless asslicking and the whole day will not be enough for me to do so.

Kukutenla:
So why wail? He spent the first four years doing nothing other than settling the power brokers and alatenujes in Lagos. Why are you expecting better in the second term?

Kukutenla:
Be telling yourselves lies to deceive yourselves. When GRV came out, you said he's Chinedu, Jimi was just kidding. Yet you say no serious opposition.
Ambode who was building badly needed infra was kicked out because he did not spread the money round. Sanwo has come to Sanwo to the stakeholders while decieving the rest of you with plenty grammar. He is in his second term. You guys are the architects of what is going on with Lagos so don't blame anyone but yourselves.

bionixs:
don’t disturb your empty head , I didn’t read the poo you would likely drop as a reply

Metrofox:
You don't need to know about it for it to exist or not. We use data as a major indicator of different economic activities and if we see a sharp drop out spike in any direction it takes common sense to know that something is going really well or terribly bad. And in this case since the "owners" of Lagos didn't magically build a metro rail system overnight something is terribly wrong

Birdbyrde440:
Ceteris Paribus, if the price of fuel after subsidy removal rose to to 600/L from 200/L, it is only right for the minimum wage increase by 3times from 30,000 to 90,000+.

bionixs:
Horrible and hard life is transgenerational in your lineage


It keeps getting hard as your next unfortunate offsprings come

Metrofox:
So before now people just wake up and spend transport money to stay in traffic all day?

Eriokanmi:
So, are you saying those who used to hit the road when there used to be traffic and fuel price was moderate and affordable had nothing meaningful to do by leaving their homes especially in a state like Lagos? Wonderful!

Metrofox:
is this a joke? when people are not moving to their various places of work to be meaningfully engaged what can you produce in terms of goods and services?

frowland:
Problem is, there are so many of the petrol stations in a particular area. Surely, there must be limit to what NNPCL/Oando/Total can take in a particular area. Similar to how bet9ja and the likes operated few years back. Those who leased theirs to NNPC earlier before now will be lucky.

Eriokanmi:
What does that suggest to lagosians? It means a lot more people have been thrown into poverty as people can't go to their workplaces anymore due to fuel price hike. So sad!

Penguin2:
She learnt from Tinubu.

Tinubu is her role model.

She’s just a child who thought doing things the Tinubu way was the right way.

Metrofox:
Poverty has increased and productivity has tanked

correctguy101:
Dem dey beg the block headed baba to resume giving out subsidy money again.....

Penguin2:
And his forged documents?

Or are there no Jambites that Mmesoma performed better than even by her real score?

Why are you not also supporting Mmesoma if performance is your criteria and not the morality of her action?

Tofax:
Justice Boloukuoromo M. UGO of the Presidential Elections Petition Tribunal is yet to resign despite pressure being mounted for him and two others to do so, according to new information available this morning.
Tinubu and his team are working hard to threaten them to get one or two to resign so that the panel will be bereft of jurisdiction at this stage. This will lead to replacement and retrieval denovo. In which case, it will be statute barred outside the 180 days stipulated by the constitution and the end of the matter because the Supreme Court cannot extend the time. This is what they are working on to achieve.

https://twitter.com/jacksonpbn/status/1681960280429940739?t=iQ59afamAC016HXutZVNmQ&s=01[/quote]The Govt needs to do something about fake news flying around on the social media space.

Penguin2:
Why are you supporting Tinubu?