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Politics › Re: FG Releases N14.9bn For Retirees’ Accrued Rights by labiola: 9:15pm On Aug 24, 2020

Guyman02:
Don't be deceived by the above claims. Mrs Chinelo Amazu-Anohu left N7trn in the coffers of PENCOM as DG, she resisted every effort by PDP to use that money to run 2015 elections because it belongs to Pensioners and she doesn't want any delays in settling their pensions and gratuity.

In 2016 Fashola requested that the funds should be borrowed and used for infrastructure projects which she resisted. The president was informed and convinced that the money should be used. When Mrs Chinelo refused to oblige she was fired and replaced by one Hajia who opened the coffers of the pension fund.
Now the N7trn pension fund is exhausted with additional borrowing from China. Payments of pensions now comes in trickles and is done in batches based on revenue from taxes.
I am saying this because I have been pursuing pension for the past 4 years since Mrs Chinelo Anohu who is currently an Executive Director at African development bank was sacked by Buhari and engaged by Adeshina into AfDB

Many Nigerians will realise the enormity of the damage already done to the reforms by previous administration when it's time to get their pensions either for themselves or deceased relatives

This your position is not true. Stop saying things you have knowledge of. Mrs Chinelo Ahohu was DG from 2012 till 2017. She completed her term and she was not given another term. Federal govt has been paying accrued right just like Lagos state. On the 7trillion you claimed the govt borrowed, pension fund has always being invested in Govt Securities, Money market and the rest. Hope you know about Suku Bond, that is infrastructure bond. PMB has not borrowed Pension Fund and there is nothing wrong with Pension industry. As a matter of fact ,that industry is one of the most regulated industry in Nigeria.

By the way, can you share the issue you have with your pension, may will I can guide you.

5 Likes

Career › Re: I Feel Cheated By This Company. Please Advise by labiola: 8:30am On May 06, 2020

This is not a good time to change a job. Got an offer in march to resume 1st May...I look at the risk and impact of COVID 19 on businesses ,I declined the offer.
My employer still paid my April full salary.

Phones › Re: Phone Engineers On Nairaland Willing To Assist You - Part II by labiola: 8:03am On May 04, 2020

ebab:
Does it charge? Did it fall off from your hand?

No, I was watching videos on it when it went blank.

Phones › Re: Phone Engineers On Nairaland Willing To Assist You - Part II by labiola: 8:01am On May 04, 2020

ebab:
Your location pls

Ikorodu

Phones › Re: Phone Engineers On Nairaland Willing To Assist You - Part II by labiola: 10:11pm On May 03, 2020

ebab:
Does it charge? Did it fall off from your hand?
No it didn't fall,I was watching a video on it when it suddenly went off without any sign.

Phones › Re: Phone Engineers On Nairaland Willing To Assist You - Part II by labiola: 8:12pm On May 03, 2020

Good evening all.

Please I need your help my Samsung A20 just went off. I have been trying to put it on but not coming up. Please guys help me out.

Phones › Re: Phone Engineers On Nairaland Willing To Assist You - Part II by labiola: 2:45pm On Mar 08, 2020

How much is the screen of Samsung X7.?

Family › Re: Car Issue: Am I Being Fair To My Wife? by labiola: 3:19pm On Feb 03, 2020

Opeyemiebun:
Evening guys, please I will like to seek people's opinion concerning this issue that I have in my home.

I am a married Man with a Kid. Before marriage, my wife has a federal job outside Lagos while I run my business in Lagos. Due to Nigeria's economy, I asked her not to resign as she keeps working while I also keep on with my hustle. I have to be fair to her as she has been giving her all in this marriage and I so envy her strength to make things work despite the distance.

We had our first child last year and she is going to a year.. We both contribute financially and bring something to the table as we run 2 different homes.

I know she goes through a lot taking care of the baby without a car and I know how tedious it is for her to manage.

We are both young (I am 30 while she is 28)
We got our first few properties this January and we planning to do other things as we both bring money together to get things done.

We have plans of getting our first car within a month and my wife suddenly demanded that she also needs a car where she is due to the stress she goes through daily picking my child from creche and managing that with her own job. I asked that I employ a helper for her but she doesn't want.

She plans on getting the car within the next 2months with her own money. My issue is that I am business oriented and see it as a waste of money buying 2 cars when we can buy one and invest the money for the other one.

I am a Civil Engineer and my Job requires I get a car for mobility.
I feel guilty by trying to stop her from getting the car while I get mine and at the same time, if she get one I will also need to get.

I have been cracking my head up trying to see how we can go about it without hurting her and be fair to her as she is the best woman I can ever ask for.

What should I do, should we both get cars and let other stuffs take it course?

To answer your question, you are not being fair to her. She has been a good wife , all she needs from you is your support. She even tried not to even put the burden on your head. My friend, please let her go ahead and buy the car, you can even give her part of the money to show that it is your responsibility to buy her the car .Another option is to buy your car and hand it over to her. Good luck

Business › Finance Bill 2019. Good Or Bad? by labiola(op): 1:52pm On Dec 06, 2019

HIGHLIGHTS OF FINANCE BILL (2019)
It is no longer news that the NA has passed the much awaited finance bill (2019) into law. The Finance bill is aimed at addressing grey areas and deficiencies of major primary tax legislation by amending obsolete and contentious provision.
Whether we like it or not, the president will accent to the bill and it becomes law. The effective date of the bill is 2nd, January 2020. As a citizens, employees and business owners, what should be your concerns is the impact of this bill on your bottom line.
There are many significant changes in the bill, however, I will highlight area that is relevant to individual and small business. The good news is that the bill is more favourable to startups .
COMPANY INCOME TAX
1. Small businesses with turnover less than N25m will be exempted from CIT while a lower CIT rate of 20% will apply to medium-sized companies with turnover between N25m and N100m. Small businesses may have to prove to their customers that they do not meet the threshold to avoid withholding tax.
2 Commencement and cessation rules have been modified to eliminate overlaps and gaps to avoid double taxation and complication during commencement.
3 The restriction of carry forward of tax losses has been amended such that tax losses can be carried forward indefinitely. This is useful as startups who incur significant losses in the first few years of business can now carry forward tax losses against future taxable profits.
VALUE ADDED TAX
1. The VAT rate to increase from 5% to 7.5%.
2.VAT registration threshold of N25 million turnover in a calendar year to be introduced, this implies that SMEs that do not meet the threshold would not need to register for VAT and as a result would not be able to recover input VAT on their purchases
3 Penalties for failure to register will increase to N25,000 for the first month of default and N20,000 for each subsequent month.
4 Penalty for VAT late filing of returns increased to N50, 000 for the first month and N25,000 for subsequent months of failure;
5 Penalty for failure to notify FIRS of change in company address to be reviewed upwards to N50,000 for the first month of default and N25,000 for each subsequent month of default. This penalty also covers failure to notify FIRS of permanent cessation of trade or business
Others/ Stamp Duty
1. Banks to request for Tax Identification Number (TIN) before opening bank accounts, while existing account holders must provide their TIN to continue operating their accounts
2. Stamp duty on bank transfer to apply only on amount from N10, 000 and above.
For you to take the advantage of some the incentives and exemptions in the new bill, it is imperative to have a proper accounting records and a good partners that will guide in you. ABITEP MANAGEMENT CONSULTING is the partner that you need for your financial advice for 2020. You can contact us on 07060514534 or labiola@yahoo com.

Agriculture › Re: Starting A Poultry Farm (a Blog) by labiola: 5:16pm On Oct 20, 2019

Good evening all. I really need help here. My investment is going down the drain. I have 240 birds, though started with 250. I got them in first week of June at 14weeks. I have spent over 800k on this business, I am yet to get any inflow as result of low production. Presently the production is less than 1 create per day. In the month of September it was around 30-40 % production but someone brought in his own birds and fumigated the place because we shared pen, since then I started losing my birds and the production has reduced drastically. I have stopped sending money to my friends who has been managing it for me, I want to cash out before it becomes total loss.

Please, I need buyer who can buy all from me and let go of the birds in order to maintain my sanity.

The farm is in Abeokuta.

Agriculture › Re: POULTRY MARKET Whatsapp Group by labiola: 4:46pm On Oct 20, 2019

Kindly add this number 07060514534

TV/Movies › Re: BBNaija: Khafi Wins IVM Fox From Innoson Motors (Photos) by labiola: 8:11pm On Aug 24, 2019

I dont watch BBNaija but i was privileged to watch it today, it seems people are more concern about the negative and immoral party of the programme. I love the proud nigeria presentation it was a nice presentation . Khafi and Seyi presentation was apt. Congratulations to her .

3 Likes

Career › Re: Frustrated Employee Blasts His Employer For Always Messing With His “small” Sala by labiola: 4:39pm On Jul 27, 2019

One of the biggest specialist Hospital in Nigeria with Head office in Victoria Island and a branch in ikeja have not increased salary of their staff in the last 7yrs. It is frustrating , the most annoying part is that they keep buying property everywhere and ignoring the staff welfare. I tell you, Nigeria employers are wicked.

1 Like 1 Share

Politics › Re: Osinbajo Firm, Simmons Coopers Partners Linked To N100bn Alpha Beta Scam - Punch by labiola: 5:03pm On Jul 13, 2019

[quote author=Buckubuck post=80227933]Forgery and documentation[/quote

Really? You must have graduated from Yale university .

Politics › Re: Osinbajo Firm, Simmons Coopers Partners Linked To N100bn Alpha Beta Scam - Punch by labiola: 10:42am On Jul 13, 2019

What is the role of a company secretary?

5 Likes

Politics › Re: Massive Rally Ongoing In Makurdi Benue For Buhari. Pics by labiola: 6:00pm On Nov 15, 2018

Hahahah, allll I see here is hatred for PMB.

Politics › Re: Jimi Agbaje wins Lagos PDP Governorship Primary by labiola: 3:05pm On Oct 05, 2018

As much as I like Jimi Agbaje to become the Govnor of Lagos state but I dont think he deserves to be. You only show your race during the election, you failed to identify with the people you are planning to govern. You don't make a statement on national issues that are affecting citizenry. I wish him best of luck.

1 Like

Politics › Re: Ambode Thanks Tinubu, Party Leaders, Says I’m Ready For The Primaries by labiola: 4:10pm On Sep 26, 2018

Anytime I read the comments here about Ambode second term issue and the Tinubu factor, I feel sorry for the youths of this country. What has been the Tinubu offence in supporting the direct primary for Lagos state? Where were you when Tinubu supported Ambode against Fashola anointed candidate? Is 2nd term an automatic ticket for a sitting Govnor? A lot of us are clamouring for no more " baba sope"(imposition) , we are the one again abusing Tinubu for not anointing Ambode for 2nd term. Honestly, we should rather commend him for listen to the voice of the people. A lot of us hate Tinubu for know reason, I remember someone called on a radio station about this Ambode second term and the guy was abusing Tinubu for not supporting Ambode, the next thing I heard was that though he was not going to vote Ambode because he was a PDP member. If so, why abusing Tinubu for no reason. I will recommend that some of us should go and read Muiz Banire's interview.

2 Likes

Car Talk › Re: Maintenance Tips On Cars. by labiola: 7:27am On Sep 20, 2018

Good morning all, I drive a Honda Civic 2006 model IVTEC, anytime I engage in reverse gear it will be humming before suddenly moved, this only happens when trying to engage in reverse gear.

Celebrities › Re: Eucharia Anunobi Graduates From Redeemed Christian Bible College (Photos) by labiola: 1:54pm On Aug 09, 2018

Racoon:
What have redeem become for God's sake

What is Redeemed got to do with someone who enrolled for a programme, attended lectures , paid the fees and met all other conditions for awarding the certificate. I was in the same class with this lady, she never missed any lecture and here you are say nonsense. Some of the jobless guys on Nairaland needs to receive sense.

1 Like

Career › Re: You Can Only Withdraw From Contributions Once In 2yrs — PENCOM by labiola: 1:34pm On Jul 26, 2018

sunbilor:
Is there any punishment if a company of over 50 staff strength fails to enrole in the scheme?

Yes.

Career › Re: You Can Only Withdraw From Contributions Once In 2yrs — PENCOM by labiola: 5:46pm On Jul 25, 2018

sunbilor:
What are the conditions that will necessitate a company to enrole its staff in the compulsory pension scheme?

It is compulsory for every company in Nigeria to register with any of the PFA as long as the coy has minimum of two employees.

Career › Re: You Can Only Withdraw From Contributions Once In 2yrs — PENCOM by labiola: 11:40am On Jul 25, 2018

sunbilor:
I need a pension expert to advise me on an issue regarding to pension laws.

Post your question

Career › Re: You Can Only Withdraw From Contributions Once In 2yrs — PENCOM by labiola: 11:40am On Jul 25, 2018

[quote author=mexioni post=69687246]Story seems much, i need expert advise on this. Am thinking if meeting my employers to write to our PFA so we can withdraw up to 15-20% of our total contribution, how
possible is it since we r still in employment?[/quote

It is not possible because it is retirement savings account not saving account.

Business › Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by labiola: 4:28pm On Jun 08, 2018

softwerk:
But will definitely lead to Segun Agbaje's sack!!!!

Now he'll understand what it really means to loose a job you love so much

Who go sack Segun Agbaje? It seems you don't know their history and culture. Segun started with the Bank, aside, he has done well as an M.D. I believe a lot of people will stand by him. Segun na big boy oh.

Business › Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by labiola: 4:25pm On Jun 08, 2018

Ejanla07:
What is your statistics? A lot of people did not even know about the judgement. For example, all of us in my family have GTBank account, as at today none of us is doing panic withdrawal. In my office, we are all using Gtbank, none of us is cinsidering that, they are not even aware of the judgement.

With panic withdrawal. Thr estimated income will be affected and this will destabilise thr business plan

Business › Re: Supreme Court Orders Gtbank To Pay Innoson Boss N12bn In 14 Days by labiola: 8:04pm On Jun 07, 2018

For those who were shouting GTBank will go down, sorry it will not go down. . The shareholder fund of Gtbank as at 31st december was 625b. They made 200bilion after tax. They declared total of 2.60k last year as divided. Though, the amount will have a negative effect on their performance for 2018 FY. 14billion can not sink Gtbank.

2 Likes 1 Share

Politics › Re: Will Adejoke Orelope-Adefulire Replace Osinbajo In 2019 As VP? by labiola: 2:31pm On May 27, 2018

A lot of people seem to be taken the joke too far. PMB was just being sarcastic when he said the VP was not here to see who is threatening his job. The truth is that Osinbajo has proved to us that he's not mere commissioner we used to. He's better than the so called politicians.

1 Like

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