₦airaland Forum

Okwyjesus:
It's the same titics because Odili is next in command. They want to install a northerner.

Very funny country.

Your narrative doesn't gel.

Odili must retire in May 2022 when she clocks 70 and will possibly begin her terminal leave in February 2022, just 4 months from now.

The position of CJN is not vacant until December 2023, more than one and a half year after Odili must have retired.

There must be other reason for invading her home but definitely not to prevent her from becoming the CJN when she has only 7 months left in service while the incumbent still has 25 months

BKayy:
The picture is from early 20th century (after Amalgamation).
By then, Igbo businessmen have started developing estates in Lagos.

By the way, I never knew we would get to a level when Yorubas will start celebrating what the white men built as theirs.

Lol. These people are more Shameless than I thought.

New York Times July 4 1960 edition

debeey87:
i. That the Company be re-registered as a private company limited by
shares upon the conclusion of the delisting process and the fulfilment of
all necessary pre-conditions under the Companies and Allied Matters Act
2020 and all applicable legislations.

I saw the above in the delisting notice. I'll appreciate insights on the literal meaning particularly on "limited by shares".

There are two types of limited liability companies in Nigeria.
Company limited by shares and company limited by guarantee.

The companies limited by shares have shareholders and are most common. They have just the word “Limited” at the end of their names in case of private companies or “Plc” in case of public companies. Note that only a Plc company can be quoted on the stock exchange.

The companies limited by guarantee do not have share capital but their owners are called guarantors. They are mostly not-for-.profit entities though they may engage in activities for profit. They are denoted by the word “Limited by Guarantee” after their names.

Entities that would have registered as limited by guarantee prefer to register as Incorporated Trustee because of difficult registration process for limited by guarantee.

Aganju849:
Otedola is a corporate raider who strips corporations bare once he buys them....that's the only business he knows, outside of money laundering.

Y'all can kiss FBN and your money goodbye if he gets control of that bank

Otedola bought only African Petroleum and Geregu Power plant.
Which of them did he strip? How did he qualify as a corporate raider?

tunary:
Ooni's father was a king, you no say big men children dey spoil well well so it's not a surprise

Ooni’s father was not a king. He was a radio journalist. The last time his family line was Ooni was over a century ago in 1880n(The Ojaja 1).
The family was just at best average and the Ooni attended public secondary school and polytechnic.

Victorclean1:
Flutterwave is in trouble . APC tax machine will visit them for this disclosure.

You don’t pay tax on valuation, you pay tax on profits.

MI6Surveillance:
Why should he go to Enugu state? To do what exactly?

He was referring to his absence at the southern governors meeting held in Enugu last month

megamart247:
A TOTAL OF 473,000,000 UNITS OF FBN HOLDINGS PLC WAS DONE TODAY AT N16.00 IN ONE DEAL. THE DEAL WAS A NEGOTIATED CROSS DEAL BY FBNQUEST SECURITIES LTD AS BOTH BUYER AND SELLER
07-Oct-2021 [SIAMLETF40]>> DAILY INDICATIVE PRICES Indicative Bid/


With the above info the ELEPHANT will surely overtake zenith Bank

Please I need clarification.

Somebody bought the shares at N16 per share when it is trading at N10 per share?

jagorinho:
if explorers needed to add any Nigerian Monarch's palace to the list, I think the king of Ebira land's palace is the best bet.

I was about saying this.
That palace in Okene is worthy of inclusion

Aufbauh:
VIN can tell you the original state of the car as manufactured. So by implications if there's a problem along the line you can detect having prior knowledge of it original state.

However the information you can get through VIN check is limited to major mechanical and structural changes.

With due respect, you don’t appear to know how vin is used in car history

Darkblood:
You are getting it wrong.
vat is tax on consumption, it's until u consume u incure that tax, the state where the product is consumed the most is where they vat will be collected, it's easy... There are some products which are VAT exempted like agric products states producing such produce should add value to it so they can get vat from it. Enough of being spoonfed, governance should be left for smart people, If u can't think outside the box resign

“VAT is a tax on consumption” , you said. That is exactly where the problem lies because your statement following immediately shows you don’t have full grasp of vat technicalities. You assumed consumption that is vatable to be that of final consumers alone. That is SALES TAX not VALUE ADDED TAX.

VAT as the name implies is tax on value added at each stage of production and distribution and every entities that contribute to those stages must be involved in vat process.

Let us take for example a beer produced from malted barley, wheat, maize or sorghum and vat at 7.5%.

If you buy the beer at N107.50 (I.e. N7.50 vat @ 7.5% added to N100) in Enugu, which state should the N7.50 vat go to? If your answer is Enugu state, you are talking of Sale Tax not VAT and I assure you, if it is sale tax that is applicable, the final price will be in region of N130 not N107.50 because the savings made from vat processes will not apply as I will explain below.

Now continuing with our beer example, let us assume, the beer is sold in Enugu, produced by a brewery in Abia that got its sorghum, barley, maize and wheat from Kano, sugar from Adamawa/Lagos/Kwara, bottles from Kaduna/Ogun and other inputs from abroad.

The Abia breweries will pay vat on the prices it buys these inputs (for ease, we assume all are vatable) from the producers in each state, process the inputs and fix the price it sells to distributors. The difference between the price it sells to distributors and the cost of inputs is the value it has added which is vatable. The difference between the price you buy from distributors and the price the distributors pay to the brewery is the value added by the distributors which is also vatable.

You can see the value chain from the barley producers in Kano, the sugar producers in Adamawa/Lagos, the bottles producers in Ogun/Kaduna, importers from abroad (paying vat directly to FG), the brewery in Abia and the distributors in Enugu.

In order for your VAT paid to remain at the hypothetical N7.50 stated earlier, all the producers listed in the value chain must claim back all the vat they initially paid at each stage otherwise the vat won’t be 7.5% of the final price but agregation of all all input vat paid. So each producer is required to remove vat it paid on input from the vat it charges on its output and remit the difference to tax authority (which essentially amount to tax on only the value it added to the production process)

In essence, each state must get vat on the value added to the production processes within its jurisdiction.

Now, if there are many tax authorities, which of them will verify the input vat being claimed by the producers. This will raise another legal technicalities in future. If the states eventually win this collection war, the best bet is for them to revert to Sales Tax as obtained before 1993 rather than continue with VAT.

By the way, in future, who collects vat on telephone recharge, vat on imports at ports, vat on bank charges?

Mihaug:
Lol, nigga says na married women dey bash pass single mothers

TheGift:
No! he said, “na married women dey bash single mothers pass”

Na wa for pidgin ooo

The bolded sentences contain the same words but the position of “pass” made them have different meanings. One means ‘fucking’, while the other means ‘mocking’

Reminds me of Frank Olize of those days that “She get belle” is different from “They give am belle”

Raider76:
And Mr. Market can wreck havoc. Remember the nightmare of Unity Bank's reconstruction? The price still dropped back to the original N0.50! So you end up with fewer shares at the same price.

Lol

Unity bank is a bit different though. Unity Bank did capital reduction to wipe off accumulated losses from its balance sheet using the share capital since it was not (and still not) making profit that can be used to write off the losses. The nominal value was not increased from 50k.

Mansard own is a sort of re-denomination to higher nominal value from 50k to N2. The book value of the total share remain the same.

sterlingD:
Okay l am just wondering they will reconcile for those who bought the stock around N0.88

No problem in reconciliation.
After the reconstruction, the total units of your shares will be divided by 4. The cost per unit of the new share to you based on the N0.88 that you bought will now be N3.52 per share that is now having N2 as nominal value instead of former 50kobo.

The opening market price of each new share on the day that the suspension is to be lifted based on yesterday’s closing price of N0.83 will be N3.32 per new share. Thereafter, market forces will determine its trading price going forward.

2loadedguy:
So if this is the case why not reinitiate the proceedings from the high Court? Why leave it to die a natural death until Rivers state came on board.

It knew the Supreme Court will still give a political judgement when the appeal gets to it. Imagine the Supreme Court ruling that the case was not a dispute between the state and FG. Then what is it?

Anyway, Lagos state changed strategy by passing Hotel Occupancy and Restaurant Consumption Law which essentially impose consumption tax similar to vat and encouraged hotel owners to sue it and the FG.

In October 2019, federal high court upheld the powers of lagos state govt to impose the tax and restrained FIRS from collecting vat on hotel services in Lagos.

2loadedguy:
All past Lagos governors from Tinubu to Sanwoolu and this useless Obasa should hide their heads in shame. Lagos stands to benefit the most from this tax judgment, but to think that Lagos has never deemed it fit to test this useless tax law and it took the guts of Rivers state before they wake up calls for concern.
Sometimes I think we southwesterners are just educated for nothing.

Ellasure:
The southwest Nigeria people are sometimes confused on what to do with the northern Nigeria people. But the Fulani people are never confused about their wicked desires.b

I think this vat case will bring some semblance of sense to the northern Nigeria people.

You are wrong.

Lagos state was the first to challenge VAT in court in 2014

The Supreme Court knocked out the case on technical ground that the federal high court should be the first to decide the case rather than state vs federal dispute that goes to Supreme Court direct. The merits of the case were never considered by the Supreme Court

Tajbol4splend:
Wasn't Obasanjo who abolished the panel because of his plan to steal money without question? Baba Iyabo is as tyrannical as the foolish and idiotic cow we have now, when Obasanjo is talking criticizing Buhari, I never respect any of his words because he initiated everything wrong with governance, election rigging, bully, stealing and all sorts

Where did you learn this from?

Oputa panel successfully concluded its assignment and submitted its report to the government of Obasanjo.
However, Obasanjo was barred by court order from taking further action because Babangida and Buhari took the matter to court.
Supreme Court later ruled that only state government can set up such commission not a federal government. The report was never officially released.

RedEnergy:
Dino was PDP before he switched to APC, then switched back to PDP

Though Dino didn’t join APC as an office holder.

Why didn’t he mention Obaseki, Ortom and Tambuwal?

beejaay:
that shows that you are a hypocrite and every being in you stink of hypocrisy..why should you justify something that contradict your stance and belief why cant you stand down and others take over when they asked you to defend something thats was against your stance??this is what seperate us from the whites and arabs, they dont act against their conscience but here we act in accordance to our stomach

If your default reasoning is to resign your position anytime you don’t have your way in a group action, then you still have a long way to climb on leadership ladder.

There is a difference between fundamental disagreement and just having a different view on a matter.

In the example I gave which you were ranting upon, I said the Supreme Congress (I.e. the whole student body of over 15,000 then) decided in their wisdom or otherwise to boycott lectures which I felt was influenced by some (unserious) students and i was part of the Exco that had to convey and defend that decision to the school management, but you said I was an hypocrite not to have resigned. What exactly would my resignation achieved in that situation?

obyrich:
They are not commenting from point of hatred for his tribe. Rather the effusions are in reaction to his earlier stance of hatred for the Southern leaders where he accused them of collaboration with FBI to pull down the best cop from the North.
Now what will say about the integrity of person who speaks the truth in secret but comes out to lie publicly and sow seeds of discord among brothers?

Many supporters of Buhari are like that. Very fake.

You must realize that he is a spokesperson of a group, just like a Press Secretary or PRO.

His personal opinion is irrelevant if the majority in the group decide otherwise.

When I was in school, I had cause to defend lecture boycott decided upon by the Congress when I personally felt it was unjustifiably instigated by those we called ‘professional students’ but I had to do my duty that I was elected for.

watino:
I still wonder what you guys listened to that prompted all these responses.

The man was just straight forward and never shielded him in any way.

The commenters are not responding to his assertions.
They are only expressing their deep-seated hatred for the tribe he comes from

seborrhic:
See how throughout the statement he never mentioned or even hinted at mentioning that 'he respects the office of the VP and Osinbajo",as is expected of such press releases,even if the story was denied.
But he still went ahead to acknowledge divergent opinions is common with lawyers without still showing respect to the office or person of Osinbajo.
That shows the contempt to which Osinbajo is held by malami.

The Daily Independent report that the OP used didn’t really quote the AGF statement in full, so it may be confusing.

From the full report by other media, the eminent lawyer which the AGF referred to, is not the VP but Keyamo. He was comparing his position on Supreme Court judgement with Keyamo’s position and publicized view on same.

I just noticed that my Twitter started working again this afternoon. I don’t use VPN.
Has government lifted the ban?

pek:
Let me refute that first point. The writer claim that History and Government were offered alternately. In order words, you do either of the two and not both. That's a big lie. History and Government were offered as core for Arts students. I did the two. In fact, both compliment each other.

In which year was History and Government allowed to be offered together by WAEC?
I know up to 1980, they were not allowed together both by WAEC and JAMB just like Economics and Commerce

GeneralPula:
Alimi, the progenitor of the current ruling family in Ilorin, was an itinerant Fulani preacher in Yoruba land whom Afonja volitionally invited to Ilorin. Afonja wanted Alimi to be his spiritual guardian (or “Alfa”) to ward off what he thought were the machinations of the Alaafin of Oyo with whom he was locked in long-drawn-out supremacy battles. After settling in Ilorin, many of Alimi’s Yoruba students from different parts of Yoruba land decided to follow him to his new home.

In time, Alimi grew so popular that Afonja feared that he would eclipse him, so he asked Alimi to leave, which caused frictions.

[b]Alimi was never any fulani preacher in Yoruba land.
Afonja didn’t invite Alimi to Yoruba land. Lol spiritual guidance ma foot? Afonja himself is spiritual on his own... What a dumb thing to say..

Afonja was a warrior. He fought & won all battles. After so many conquered battles, he decided to retire from fighting. He also didn’t want any of his comrades to grow up not having any life apart from having to fight. Then he put a stop to fighting..

He was growing old..

It was after Afonja had stopped fighting battles that Alimi came to meet Afonja in ilorin. Alimi came to Ilorin as a voyager, not as if he’s been in Yoruba land before..

Alimi then told Afonja that he was an Arabic preacher, that he preaches Goodness all around - that was where he captured Afonja’s attention... (You know he’s been wanting a special life for all his comrades)..

Long story short...After Alimi had stayed as a guest in Afonja’s palace for several days, he then proposed to Afonja that he should let his comrades to come seek Arabic knowledge in his land, where Alimi came from..

Afonja’s didn’t bother to doubt him cuz he wasn’t viewing Alimi as somebody with an evil intention. His late dad appeared to him in the dream to warn him never to release his comrades but Afonja didn’t follow. He had believed he won’t be fighting anymore..

Afonja released his comrades but not all. Meanwhile Alimi also came along with some of his student’s. Alimi also decided to let some of his students to stay back at Ilorin with Afonja. Alimi left with Afonja’s men which they were all killed!

After 3 months, Alimi came with full battalion to fight Afonja - an old man with few men. He killed as much as his power can grab but he was eventually captured and got killed - before he stopped breathing, he told Alimi that the land he’s wanting to grab will never be HIS..

After he died, Alimi got the shocked of his life as people changed calling Ilorin to Ilorin-Afonja. He didn’t know how the name evolved and spread. The single name didn’t let him have full power over the land before he got killed.. Infact, I didn’t think he lived for years before getting killed.. [/b]

Afonja was the Aare Ona Kakanfo - Chairman Joint Chiefs of Staff. What do you mean by “he got tired of fighting”? He was appointed to that position by his Commander in Chief - The Alaafin. If he got tired, did he resign his commission?

As an Aare, he had no power to declare war on anywhere. His duty was to fight the war declared by Alaafin. So, how could he be tired of war and still remain the military leader?

Which one be quick recovery again?
Someone just finished a bowl of swallow with a basin of soup and you are still wishing him quick recovery.
If he had been well, is he expected to finish a drum of food?

TsaTrinity:
Congratulations to them.
I keep asking myself why do northerners miss out on world recognitions. If a person breaks a record in school abroad, check it, it's a southerner. If a person was appointed to a very high position e.g an aide to the US President, it's a southerner.
No offence to them or do I intend to start an eWar in this forum but this is more than the system being broken.
#TruthOfTrinity

Well, some of the Yorubas appointed by Biden and the one that won the congress seat for Washington DC are technically northerners from Kwara state.

IPOBrep:
You should be ashamed of yourself for exhibiting such level of ignorance in a public forum.

I have been in the finance industry for 15 years now, show me your proof with a link or hide your face in shame.

A treasury office staff is not a treasurer. At best they can be called treasury officers. That doesnt make them treasurers ,the roles are different, the industry does not allow for such

Ask bankers arround you.

Treasurers are used mostly by charitable organisations

You must have spent that 15 years as a cleaner in your so-called finance industry.

See ExxonMobil publication attached. I only show you Mobil because it has been specifically mentioned here.
Google for others.

abbey621:
Yea but Tinubu was no treasurer or head treasurer that one na bobo here in the USA, he was driving a taxi in Chicago before heading back to 9ja. In fact people contributed money for him to get back to 9ja and revive his political ambitions, remember he ran away from 9ja after Abiola was arrested, he was also a student of Abiola and Baba Adedibu.

My post wasn’t about Tinubu’s present or past. I don’t know much about him apart from his being a former senator and governor.

I only responded to those who seemed unaware of high ranking position called Treasurer in a company set-up

Whether Tinubu was ever a treasurer or not, I wouldn’t know.

hedonido:
When some of you unfortunate elements repeat this baseless and unverified "treasurer of Mobil Nigeria" rubbish, I feel like slapping sense into you. Is Mobil a thrift society or does Mobil look like your village town union? Treasurer as per who or what?

IPOBrep:
Limited liability companies don't have treasurers. Not to talk of an unlimited liability company. Get the point

Seniorwriter:
Not surprised!

Exactly

Don't mind that Ignorant toxic being.
Treasurer Ko Aza man ni...some Nigerian citizens are anyhow set of mumu.
@SeniorWriter

MajorOvakporaye:
CHAI!!! See finishing for Seunmsg!!!

Blessedassuranc:
But that narration he talked about sonds stupid naa... Does Mobil look like 'asusu'?. It makes no sense. Abeg come with a better one cos this unaa image laundering no go work this time around. DOA infact

Born2Breed:
You dey mind those kids being spoon-fed with all manners of lies and they become willing tools in propagating falsehood.

See how all of you just wallow in ignorance with arrogance.

If you are uninformed, why not research?

Which big companies or banks don’t have treasury operations? What is the nomenclature of the head of treasury?

ExxonMobil has a Company Treasurer and one of the recent occupants of that position that I know of, is Femi Ogunbi.