₦airaland Forum

kika41: @9ija man,which of these applicants have a brighter chance
Mr.A-petroleum engineer 1st class-Uniport
Mr.B-petroleum engineer 1st class-unilag
Mr.C-petroleum engineer 1st class-uniben
Plz,rank dem with reasons!!

The university is irrelevant so long as the course is accredited and you've met the minimum criteria (GPA => 2:1)

UK Newspaper Detail How Oando Made Its Whopping Quarterly N3.1 Billion Profit By Dodging Taxes

This week, Oando Plc, the so-called “highly successful” oil trading company owned by Governor Bola Tinubu's cousin, Wale Tinubu, declared a massive quarterly profit of N3.1billion, an “achievement” that was advertised in Nigerian newspapers. This would be a significant achievement for any company, except that the success of Oando hinges on a clever policy of dodging taxes.
In stories published by Private Eye, a United Kingdom newspaper, it has been explained how Oando is taking advantage of the Department for International Development, through its development fund CDC (formerly the Commonwealth Development Corporation).

The following, according to Private Eye, is how it is done:

Oando attracts foreign capital flow from an American private equity fund known as "Emerging Capital Partners" based in Washington DC, which in turn receives funds from the UK government through the CDC Group, Oando a privatized Nigerian oil company is known and called Oando plc. But to avoid paying taxes to the Nigerian government Oando carries out its investment partnerships through an offshore company known as "Ocean and Oil Mauritius", itself owned by a British Virgin Islands vehicle called "Ocean and Oil Holdings (BVI) Limited " whose well-connected investors bought their 34 percent stake in Oando from the Nigerian government in year 2000.

It has been established from investigations carried out by the UK Metropolitan police that James Ibori and his schoolmate, Henry Imashekka, sent funds stolen from the sale of shares owned by the Delta State government to an offshore account, they later invested $10 million that were stolen in acquiring Notore Chemicals (formerly NAFCON).

CDC and its privileged offshore co-investors in Oando earn “technical fees” of 5 percent of profits and “management fees” of 4 percent through a Nigerian company called Ocean and Oil Investments, giving them a significantly better return than standard Oando plc shareholders. In 2008, the last year for which figures are known, $8.5m was paid by Oando in this way, signed off by Oando’s auditor PricewaterhouseCoopers.

Of Oando’s $91m remaining profits after these fees have been creamed off, $21m was earned by a company called Oando Trading Ltd, which boasts of being “Africa’s largest independent and privately owned oil trading company”. Except it is registered in the not-so-African tax haven of Bermuda. Unsurprisingly, the UK Private Eye’s efforts to locate some actual oil trading by Oando in Bermuda were fruitless: the contact number in Hamilton turns out to be the firm’s old administrators, called Appleby, while its new ones, the Harbour Group, could not connect the Eye to anybody with anything to do with Oando.

This is of course, a crude arrangement to avoid more than $7m a year in tax – which would provide quite a few schools or hospitals in Nigeria where the company really operates through offices in Abuja and Lagos. The scheme would not work if Oando were based in a developed economy such as the UK, where tax rules prevent the more blatant scams to stuff profits into tax havens, but poorer countries such as Nigeria are more vulnerable.

SEEDY CDC

METROPOLITAN Police charges naming a prominent Nigerian businessman, which can be revealed following the easing of reporting restrictions on a trial scheduled for later this year, pose more questions about Britain’s international development fund CDC formerly the Commonwealth Development Corporation, and its attempts to maximise profits by entrusting taxpayer’s money to questionable private equity firms.

One of the charges arising from Knacker’s long-running investigation into money laundering involving Nigeria is that a group of businessmen including Henry Imasekha “concealed, disguised, converted and transferred criminal property, namely the sum of $10m ... knowing or suspecting that the sum constituted the benefit from criminal conduct of another person ...”

Henry Imasekha, it so happens, is a major shareholder and director of one of CDC’s main Nigerian investments, privatised fertilizer company Notore. CDC invested in the company in 2007 through American private equity fund manager Emerging Capital Partners, which also invested CDC’s money in a couple of other large Nigerian businesses, including privatised oil company Oando, which does a nice line in tax avoidance.

CDC: Haven help us

TAX avoidance, explained Treasury minister Stephen Timms to a Paris conference recently, “costs developing countries billions each year in lost revenue – a major drain on often fragile economies and a genuine barrier to economic growth. These are vital resources for schools, hospitals and infrastructure”.

Perhaps he should explain this to the Department for International Development, which is busily fleecing fragile economies by sponsoring corporate tax avoidance at its development fund CDC, formerly the Commonwealth Development Corporation.

Through American private equity fund Emerging Capital Partners, CDC funds a privatized Nigerian oil company called Oando plc. But it doesn’t do this directly since this might mean it and its co-investors would have to pay some tax. Instead, it invests through a mysterious company called ocean and oil Mauritius, itself owned by a British Virgin Islands vehicle called Ocean and Oil Holdings (BVI) Limited whose well-connected investors bought their 34 percent stake in Oando from the Nigerian government in 2000.

Tax avoidance among CDC’s companies is unsurprising since the fund has modelled itself as a private equity investor, a structure in which tax dodging has always been an intrinsic part. But that doesn’t make the British development fund’s indulgence in the shady business any less damaging for poor countries like Nigeria.


http://saharareporters.com/news-page/uk-newspaper-detail-how-oando-made-its-whopping-quarterly-n31-billion-profit-dodging-taxes?page=1

Sagamite: Cool. I will be happy to.

I will PM you.

Don't go toasting her oh, Mr smooth talker

Do not suffer in silence. Make sure you get help towards whatever may be bothering you. What you need now is time off to clear your head, re-evaluate your life whilst being around positive people.
Stay blessed

JMOI: Lampard is more prolific from the spot. He has so far scored nearly 50 penalties for Chelsea and 9 for England (the highest for any player who has played for England). How can you compare him with someone who has not scored more than 15?

You be real olodo oh. Please stop compairing the two so long as lampard can't boast of 100% success rate.

Afam4eva: I've told you people to stop bringing in population as long as Lagos or any state does not feed it's population. If anything, it's to the advantage of the state with a higher populaton cos that will mean more money via taxation. We're looking at the number and quality of projects executed and only a blind man will not give it to Akpabio but if we were to rank them based on people oriented projects then it may not even go to either of them. An obscure governor may win it ahead of them.

One question bro, what's the percentage of recurring budget of the two states?

Anyi.:
hehehe... Go pantless ladies

I concur

JMOI: He's a good penalty taker, but Lampard's statistics dwarf his.

Care to provide us some evidence (figures)?
How can anyone possibly better 100% success rate

TGIF

Happy birthday Stillwater. Where the party @?

She is probably still bitter that you guys broke up.
Best thing to do is just delete the message off your wall and ignore her going forward

Chiscomax: I need one moderator who is a 2pac fan to complete this;
" you claimed to be a player but I..."

fu/cked chiscomax's bi/tch

Use excel to work out your monthly budget and simply stick to it
We can't simply throw figures at you since we don't know what your essential outgoings are.
You should always save a greater % of what's left of your monthly income after all outgoings are taken care of.

Ok your 1 sec fame is over. Next

jazzyme: Found the receipt of the dinner purchased and when i asked him about it he told me who he bought it for.

He told you he bought dinner for his new babe or you added 1+3 together before arriving at 2?
If your dude is blatantly cheating on you whilst doing it to your face like he doesn't give a damn then surely we don't need to be telling you what to do.
A man that loves you and value your relationship will never disrespect you in ya face sort of way so there you go.
No amount of fasting/praying will change someone comfortable with cheating.
Players don't retire they just slow down

Looks like he has something to hide. Let him know how his recent actions are making you feel insecure and if things don't changed then please try counselling.
Btw: How did you actually catch him red handed?

speedyboi: Ehn ehn? Are we listening to the same thing? It's cute joor!

Cute and accent in the same statement

speedyboi: I like her cute Nigerian accent

Cute nigerian accent?

I hope you know you are also referring to those in your immediate and extended family when you use all to quantify such ridiculous statement of yours

Sagamite: Once my sons are 18, I am going to tell them to call a maximum of 5 of their closest friends to all report to my house and I would give them a 3-day, four-hours-a-day masterclass on how to relate, treat and deal with girls.

I would give them the inner secrets on what women are like and are looking for based on things that includes the girls' looks, culture, age range/life stage (15-18, 18-24 etc), initial interest in a guy and what the guy has to offer. My masterclass would be full of charts and psychological tools.

One of the most important sessions is the one on hot girls (i.e. based on looks). They would learn young hot girls don't like good boys and I would teach them how to be the type of guy young hot girls want and how to smack the shyt out of these girls. They must learn the when to "Stop giving a shyt at the right moment!" approaches to different types of girls, so they never lose out.

I would have studied all the boys' personalities and body language before the masterclass, so on the first day, I would be handing them a short self-profile telling them the most likely outcome of their interaction with babes (just to blow their mind because they will be like "this is fcking true; this is how girls have been treating me) and then on the last day, I would tell them what they need to change in their approach to women to always get what they want.

Give them 3 to 6 months to go explore my advice and test my tools and then come and reply back to me how the life coaching has worked and what else they want to learn deeper.

I hope you will also advice them to use "rubber" at all times else na to become grandpa at 40

Both are equally important and very hard to weight whilst having an overview look.
Technically, one needs to be attracted before compatability question even comes into reckoning.
However, depending on the stage i'm in career and life, i'd like to think compatibility becomes the single most important thing.
Of what use is me being attracted to someone i intend spending the rest of my life with if we aren't compatible. This i can overlook if i'm looking to play around or better still need the occasional fix.

chaircover: I thought your name was Jayajebota

I'm jay aje-cauliflower with cheese

chaircover: Oluwaseun!

calling me

damiso:

I actually was not being mean you know.There was really was NOTHING I could do about it.Its a system thing and he bought the policy from a broker.If I was not at work, I wouldve told him to cancel the policy and shop around himself on price comparison sites. But the truth is you move from say Hertfordshire (area rating 12) to Manchester(area rating 99 the highest we had and that was due to joyriding and whiplash claims) or some parts of SE London in short London in general, from parking in a driveway or garage to road parking, your premium will drastically increase.Me being a fellow Nigerian could never have changed that.

Am sure if he spoke to an oyinbo colleague he won't have been dragging it .I even waived his Excess from £175 to £75.Make person no come koba me jo.One mistake, and we used to give auth code it all comes back on your head.

Was just pulling your legs jor.

Meanie

Are you related to seun osewa by any chance?

Yes it is cos how else do you expect them to be able to differentiate the wheat from the chaff?
Dating ought to be straight forward i swear.
If you are in it for the somewhat essential commodity then simply bargain on that premise and if not, simply spend quality time getting to know each other before mutually deciding if it's worth taking it further.
everyone has to mitigate against obvious risk don't you think?

born_to_be_gr8t: CHRONICLES OF KIDNAPPING
List of those in the "kidnapped" HALL OF FAME
1. nkem owoh
2. Pete edochie
3. Mr ibu's wife
4. Nkiru silvanus
5.owner of God is good motors and the list goes on...
To tackle the problem of kidnapping,first trace its root source

The root cause of any crime is greed so how do you propose this gets tackled when it is permanently embedded in the blood flowing through most Nigerian's veins.

Hi steph
Edgbaston in da house.....brap brap