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Juddexy2's Posts

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FashionRe: MBGA Releases Contestants Traditional Outfits (Photos) by juddexy2(m): 12:38pm On Oct 31, 2015
Miss Katsina and Osun nor follow #noOffense
PoliticsRe: Is Ike Ekweremadu A Coward And A Disloyal PDP Man? by juddexy2(m): 2:19am On Oct 30, 2015
Ekweremadu showed maturity!
PoliticsThe Possible Effects Of $5B MTN Fine On The Economy by juddexy2(op): 5:56pm On Oct 29, 2015
First and foremost I am no employee of MTN or have any Stake with MTN. I am just a concerned citizen. I personally frown at some of their services ranging from unsolicited text or calls etc

On the 26th of October the NCC fined MTN Nigeria for failing to disconnect 5.1 million of its unregistered cellphone subscribers.
The $5.2 billion fine is equivalent to at least two average years' profit for MTN Nigeria and nearly three times the $1.8 billion that it has invested in the West African country according to the company's website. Africa's leading cellphone service provider, MTN paid $285 million for one of four GSM licenses in Nigeria in 2001.
$5.2b is equivalent to about N1.2trn currently; This amount is way too far from the recently imposed fines of about N5b by CBN to two banks who failed to remit certain amount of money to the Treasury Single Account

As a result of this, I came up with some possible effect it may have on the Economy,
1. INCREASE IN RATES/CHARGES:
This no doubt this remains the major effect on the customer. Basic economics teaches us that whenever there is increase in the cost of production of a particular good or service, the burden is usually passed on the final consumers through the form of increased Price. Don’t be surprised when N100 airtime last just 2-3 minutes or data rates increase to 50k/kb. This is the likely strategy to recoup what must have been expended in the cost of paying the enormous fees.

2. INVESTORS’ CONFIDENCE :
When potential investors see the rate of such huge fees, it is likely to dampen their confidence in the economy especially now we are grappling with the issues of dwindling oil prices and security catastrophes looming in the North East. Bloomberg further stressed this, check article here

https://www.nairaland.com/2699526/investors-losing-faith-buharis-govt

3. UNEMPLOYMENT:
MTN Nigeria employs a reasonable size of the Nigerian workforce. The heavy fines levied on them could be able to pay the salaries of all staff and employees over the next 5yrs with full entitlements and benefits in kind. An organization may deem it fit to cut down its staff strength in order to reduce its cost of operation and this would in turn have a massive effect on the labour force of our country, I‘m sure you know our present unemployment status, it need not be overemphasized.

4. INCREASE IN THE COST OF MAST USAGE AND RENT :
Most communication networks dealing mainly with the provision of internet services especially 4G network use the mast of already established networks like MTN to mount their Base Transmission Station (BTS) for effective delivery of service. As a result of this huge fine levied, this could likely increase the cost of rent to be charged to other communication networks and this may subsequently increase their subscription rate thereby affecting final consumers

It is good to have regulations in a country shielding the public of exploitative tendencies by providers of goods and services ( whether local or foreign companies), it is also a laudable idea for NCC to ensure that all sim cards be duly registered for efficient administration and most especially security reasons. Fines as a form of penalty is in itself an effective method of compliance
However, it is unjust to fine a single company with such an outrageous amount. $1000 on every unregistered sim is just so exorbitant.

Source: Juddexy2
CelebritiesRe: Some World Billionaires, Celebrities Living A Humble Life With Simple Cars. by juddexy2(m): 10:34am On Oct 27, 2015
and some of these our celebrities wey just hammer one hit song will go and buy G_wagon...in Robert Kiyosaki's Voice....**poor dad**
CelebritiesRe: Don Jazzy's Crush Peace Hyde Said Yes! (Photo) by juddexy2(m): 5:51am On Oct 27, 2015
Can he handle her asset? grin
PoliticsRe: Fashola, Six Others For IGG Award In US by juddexy2(m): 5:44am On Oct 26, 2015
Fashola 2019!
CareerRe: KPMG: My Temp Experience by juddexy2(op): 10:30pm On Oct 22, 2015
Jarus:
Check options here.

http://www.jarushub.com/where-to-get-jarus-book-the-road-to-victoria-island/

In addition to the locations listed, it is also available at Lagos Airport (MMA 1) departure hall bookshop.
Jarus, I have also been following ur career website keenly. Please I need to know your knowledge level on the Audit Firm Grant Thornton, it's obvious they are next to the big four in terms of combined income internationally . How well do you know them, in terms of recruitment procedures esp the Nigerian member firm. Thanks.
CareerRe: KPMG: My Temp Experience by juddexy2(op): 7:19pm On Oct 22, 2015
Mcaise:
You my friend, you've got a bright mind.
Thanks, would pass your message on!
CareerRe: KPMG: My Temp Experience by juddexy2(op): 7:17pm On Oct 22, 2015
soulRanger:
This is a very nice write-up Edwin. Quite motivational... All the best in your future endeavours.. The Tax Club, Unilag promises more opportunities to build more tax giants in d country. As with taxation alone, can we achieve sustainable development and growth.. Anticipate the 3rd edition of the National Tax Debate.. Oyedeji Tobi, Tax Club, Faculty of Law, Unilag.
Bring it On Bro, I hope UNN wont wipe you guys again..lol
PoliticsRe: See Clothes Amaechi Never Wore Before by juddexy2(m): 4:53pm On Oct 22, 2015
OP It is very possible to have clothes with two similar designs, You cant really tell if it the exact cloth he wore that time, day and year is same as the one he wore today,

All ye wailers finding every loopholes should just roll your sleeves and get set cos its just the 5months into change Govt. you still got a longride to go
CareerRe: KPMG: My Temp Experience by juddexy2(op):
blank:
On the contrary, i heard about them in UNN. I have modified my story a bit.

I don't work in the big 4 anymore. They are stepping stones to better things.
CareerRe: KPMG: My Temp Experience by juddexy2(op): 2:49pm On Oct 22, 2015
Gbajabiamila1:
Try Deloitte.
The experience wouldn't be so different from this, the big 4 have similar work processes
flamingtiger:
Nice one. @op I hope you got permission from Edwin before sharing
Sure!
Shinelle:
oh well...
hope to get there someday! ! !
Sure,you will through hardwork!
blank:
I first heard of KPMG as a 2nd year undergraduate studying accountancy. We were quite a number that passed their exam (comprising of various departments) and were invited to do the interview in Lagos. After all, they asked those of us still in school to be posted to their office for service and then continue from there. Although i never went back to continue the process, i ended up working for some of the other big 4.
I am surprised to hear that they did not continue with the tests in UNN. It was quite interesting and very tasking.
Likewise, didn't experience that during my underG days there, i hope they continue..i guess u presently work at .........
CareerRe: KPMG: My Temp Experience by juddexy2(op): 11:21am On Oct 22, 2015
olumide81:
No offense intended....but a good number of Nigerian Graduate can not and never fit into such working enviroment
Yeah, Our Educational System one way or the other also contribute to your Premise
CareerKPMG: My Temp Experience by juddexy2(op): 11:01am On Oct 22, 2015
LIFE AS A TEMP AT KPMG - Edwin Ugwuodo Chukwunonso

Less than ten days from today, I would round off my three months of temporary placement as a graduate tax analyst at KPMG. A Swiss entity, headquartered in the Netherlands, KPMG is listed in the Fortune 100 table of the best places to work on earth. Susan Adams on Forbes publication dated September 3, 2015 cited Vault.com “the most prestigious consulting firms in 2015”, ranking KPMG as 9th in the world. Passionately driven by it slogan “cutting through complexities”, KPMG attracts the brightest minds in the world across diverse academic backgrounds and inclinations.

I chose to start with this intimidating preamble not with the intention to express pride or assume the role of an unpaid advert agent, but to roughly lead your mind to catch a glimpse of the scenario I am painting and also to have better understanding of the story that will follow hereafter.

It all started on 31st October,2014 in University of Lagos. After days of sleepless nights in the preparation of the first ever National Tax debate which had in attendance most of the prestigious universities in the country. My school got an invitation to participate in the challenging contest. My school was represented by myself, Omeye Emenike (walking encyclopedia), Ogbuka Ukandu (lord of the advocates) and Agu Ozioma (glorious queen bee). On that fateful day, we made it to the finals after defeating other schools at the preceding stages. After the whole arguments and counter arguments, the panelists determined our fate within the space of 10 minutes. Like the voice in the wilderness, one of them announced, UNN is the winner of the 2014 National Tax Debate! Jesus! Yes, Yes!!! We shouted. We jumped, we danced and we sang. We received the victorious trophy, prizes and an offer of internships. From that day, life became more meaningful. Destiny was further chastised.
Excitedly, I and Emenike resumed our placements on the 3rd of August, 2015, immediately after our degree exams. It was one of the most memorable days of our life. I climbed for the first time in my life, a sky scraper with 13 floors. The light green building was so tall and conspicuous that you can see it from every angle of Victoria Island. That day, I thought I was walking into heaven (lol). The ebony receptionist welcomed us and after series of correspondence, we were dispatched to different Tax Units in the firm. Another experience and adventure of my life just stared.

Dear reader, my eyes saw a lot, I can’t exhaust the explanations.

STAFF: I saw myself in the midst of geniuses. People of every profession and field you can ever contemplate. Everybody there has a remarkable and outstanding quality that made KPMG hire him or her. They were all outstanding students with stellar leadership traits in one way or the other from various schools of the world. No wonder one of the partners jokingly asked me during introduction; “Edwin, I am sure you made a first class”. Imagine! But to tell the truth, that is the mindset at KPMG, an achievement mindset. That notwithstanding, the benchmark for hiring remains second class upper division i.e (2.1). The staff of KPMG are true definition of devotion. The degree of personal and impeccable commitment to duties leaves you wondering how on earth a firm could instill such level of religious devotion in an employee. They are intelligent I must confess. Very friendly and hospitable.

WORK ENVIRONMENT: My goodness! See, at intervals, I forget that I am in an office. The environment and facilities are so conducive that you lack nothing. My dear, every day was a party in the name of lunch. Chicken, catfish, beef, rice of all sort, name them. They all lost value in my sight. We take three course meals during lunch, at the expense of the firm. Chai! Should I talk about delicious cakes and surplus drinks that regularly go round the units or the informal outings (movies, dinners etc) the partners host us to most times. Hay! If you think you are a glutton, try KPMG. There are two standard cab companies that carry the staff in their luxurious cars. I flex owner’s corner so often on official trips you would mistake me for a partner. To cap it all, for the first time in my life, in the course official trips I was using the airports regularly without personal financial consequence. Flying from state to state as an intern, I almost forgot the poor family I come from, God forbid! I never did. I know you would be asking yourself if they can fly an intern in this manner, what about the staff. That is to tell you the stuff KPMG is made of. They spend a good portion of their revenue creating adequate working environment to enhance excellent productivity. Indeed the work environment in KPMG is” heavenly” but please take note; they would work your ass out. But is it worth it? O yes!

LEARNING: I learnt extensively. Now your boy is a little tax masquerade…lol. I was drilled and chastised intellectually, particularly in my unit area of taxation. But who wouldn’t learn in such a place, where one goes on trainings so often you would think it’s an extension undergraduate program. You go for technical sessions and every day in the office, you tackle all those global issues that you hear those technocrats discuss on the media that most often wouldn’t make any sense to a poor guy like me. I have prepared millions naira worth of documents and receipts and I must tell you, that is, if you belong in the same societal strata like me, all of the money we hear investors part with every now and then on the media are true. A lot of economic activities are happening in our country. There are millions of people out here who live that your disturbing dream. I tell you! Being an unrepentant car freak, I have seen all my imaginary vehicles and now, I am humbled, lol! I almost got knocked down by a car one day while I was admiring a luxurious SUV 2015 Cadillac that passed by. I don’t mean to wash my linens outside, just to make you appreciate the whole picture and enjoy the humor.

The major reason why I am eagerly putting these lines carefully is to wake up some of us in the Eastern part of Nigeria, especially those in University of Nigeria. There are lots of opportunities out here. One of the devastating lies I learnt in the school is that there is no job anywhere. Some of our lectures buried us in mediocrity (with due respect). I was pained one day when I shared with a colleague in the office how some of my school guys dream to work in a places like this and do you know what he asked me? “Do people in your school know about us?” It was an innocent and subtle question but he didn’t know I was boiling inside of me already. This write up is resultant from that response. They have the notion that we are not exposed. I would out of sentiment choose not to believe them but by statistic, the truth is, the average exposure is possibly 1/10. Sorry if this sound embarrassing but its unbelievably true. We have to wake up. Not that people here are more intelligent than people in the East (although I understand that we face some prejudicial factors), yes, there are geographical advantages but God forbid that we dwell in sin that grace may abound. Make good use of your time and go on temporary “chatting” break. Aspire your way out of mediocrity and shine. Tell yourself that the time is really now.

There are much yet untold. Take this as part one. The remaining portion of the experience would come after 30th October. Then, I would have bid farewell to KPMG. But before then, take a moment and ponder, ask yourself, where do you belong? It could be anywhere, in your chosen field of private law practice, in consulting, in NGOs or in international organizations. There are thousands of places like these. Let us leave our comfort zone and take a step further. I have shared with you the beautiful part of my journey here, but what you may not perceive here is that behind the story were lots of late nights and pains. Let us leave that for another day.

Don’t make the mistake of thinking that I have arrived. I am still struggling like you and praying that I would meet my destiny. See you again after 30th October. One love!
Source: Facebook wall of a good friend, Edwin Ugwuodo Chukwunonso.
https://www.facebook.com/ugwuodo.edwin/posts/1046789995354230
Jobs/VacanciesRe: Access Bank Plc Inbetweeners Programme 2015 by juddexy2(m): 11:02pm On Oct 19, 2015
navistar:
Me 3 grin
congrats bro!
Jobs/VacanciesRe: Access Bank Plc Inbetweeners Programme 2015 by juddexy2(m): 10:08pm On Oct 19, 2015
Richiy:
Abuja. We wrote today.
Yeah, Same here...wrote today and was invited for tomorrows interview.....i'll send u a PM, Please reply ASAP
EducationRe: Top 100 Best Secondary Schools In Nigeria by juddexy2(m): 7:48pm On Oct 18, 2015
Proud Alumnus of St. Francis Catholic secondary school.. Made it to top 20, kool

BTW everyone must not agree with the list... People must find fault as long as their school wasn't listed.. Lol
RomanceRe: How Bold Are You? Share A Pic Of You And Your Bae/Boo... by juddexy2(m): 12:24pm On Oct 16, 2015
Omotayor123:
People like me wey no get boo nkohuh undecided
come unto me ye who are booless grin grin
PoliticsRe: Urhobo Youths Protest Kachikwu’s Nomination As Minister by juddexy2(m): 10:56am On Oct 16, 2015
Some times I wonder how some youths could be so daft... Are we not looking for the betterment of our country?, must we always put ethnic and party affiliation before anything?
As far as I am concerned kachikwu is so eligible

In Oshiomole's voice
They should GO and........
Jobs/VacanciesRe: Access Bank Plc Inbetweeners Programme 2015 by juddexy2(m): 10:04am On Oct 16, 2015
matilda02:
nope,but u can do ur workings behind d answer sheet
Thanks, slated for monday!
CelebritiesRe: What Will You Do If You Meet Your Wife's Sister Like Dis In The Kitchen[comment] by juddexy2(m): 6:20am On Oct 16, 2015
blessedly:
that's a death trap
.... and her mission "Bleep and be destroyed"
a sane man will ignore!
in this situation, the sane man u used to know maybe insane temporarily.. Buh may not be so insane to dig it thru... Mehn that sight cheesy cheesy
PoliticsRe: BREAKING: Senate Moves To Disqualify Amaechi by juddexy2(m): 5:56am On Oct 16, 2015
Amaechi would be screened eventually on Tuesday forget all this propaganda
RomanceRe: My Boyfriend Is Amazing.. Look At This Chat Between Us by juddexy2(m): 5:51am On Oct 16, 2015
Babe2sure:
cheesy cheesy
you laugh like someone who has been cooked or have you?
grin grin grin
RomanceRe: My Boyfriend Is Amazing.. Look At This Chat Between Us by juddexy2(m): 5:48am On Oct 16, 2015
raayah:
The jaguar must be be very good then
wid that kinda DP, he could confess to anything just to taste... Lol
RomanceRe: My Boyfriend Is Amazing.. Look At This Chat Between Us by juddexy2(m): 5:46am On Oct 16, 2015
Babe2sure:
Lol@"I'm going to cook for you all the time."
lol. We all know where's he gonna be cooking..
PoliticsRe: Faces Of Nigerian Senators During Fashola's Ministerial Screening by juddexy2(m): 5:32am On Oct 16, 2015
Fashola didn't know he just campaigned indirectly for 2019 Presidential Elections...

Sai Fashola
BTW barcanista, goan sleep, your own na to dey find every pothole without appreciating anything good from the ruling party..

tongue tongue
Jobs/VacanciesRe: I Got This Text This Evening. Is It Real? by juddexy2(m): 5:23am On Oct 16, 2015
GLND tinx

grin grin
Jobs/VacanciesRe: Access Bank Plc Inbetweeners Programme 2015 by juddexy2(m): 5:20am On Oct 16, 2015
matilda02:
nahhh
were calculators allowed?
PoliticsRe: Did You See The Mistake On The Ministerial List Sent To The Senator Saraki? (Pic by juddexy2(m): 9:53am On Oct 14, 2015
Some people are wasting their Talent on Nairaland, They ought to be detectives....Nairaland Central Intelligence Agency (NCIA) grin grin grin grin
PoliticsRe: 20 Most Corrupt Nigerians by juddexy2(m): 5:09am On Oct 14, 2015
Haha, No doubt this is a wailing wailer, keep on wailing, 4yrs is really a long ride

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