₦airaland Forum

NL1960:
Fear don catch me before o. I thought a 3-bedroom flat was 700k.

there is 500k in Iju and obawole axis

emmanuelewumi:
700k that one didn't sweat for is not bad. Depending on your cash flow and expenses.

500k invested per annum in FG bond @ 10% allowed to compound for 5 years will grow to N3.3 million

Your first paragraph, I don't understand.

Let assume 700k
I get some to manage it for me for 10% per annum
Minor repairs 30k
Am letf with 600k
FG bond is 10m minimum by United capital or do you mean FG saving bonds, this has been suspended by DMO

zamirikpo:
ify I know that area well, u need some major funds...……...I mean major funds. though I think the area has potentials cos its facing Delsu anwai campus and govt house. but u need a dangote to turn the area around.

That should be Ilah, ugbolu axis

emmanuelewumi:
How much is a flat at Ajuwon. I thought the property is a block of 4, 3 bedroom flat

Yes block of 4 3 bedroom. I occupy one, one is yet to be rented and the other two is on rent.

It depends on the area of Ajuwon. Mine is area is 300k

Why? What of this week in the rural areas like maroko, Ilaje axix etc


Monday Digest.

It takes courage for a person to seek help in any critical situation. It takes a build up confidence for someone to knock at your door at this time.

Hey! Of course people have their ego remember? Asking for financial assistance in this period or any time doesn't insinuate poverty, suffering or lack. It simply implies that they consider you as a person who they can lay their shoulders on.

In any sense, kindly assist if you can in your little capacity. Do not nag, Avoid grumbling, rumbling and complaining. Even if you're not in the best position to assist, please don't make them to feel bad or dejected. Give them an assurance of hope and better future. I can bet you, many people are going through difficult time.
✍️

emmanuelewumi:
It depends on the fund at your disposal. You can invest certain percentage of the rental income for about 5 years and use the fund to buy another property

700k per annum

emmanuelewumi:
I hope N5 million is not cheapest land in Asaba, have an idea of the master plan of the area from an informed Town planner or land surveyor. Buy land in an area where you have like minds and you belong to about the same social class.

Can you mention the are one can buy in Asaba? 5m in Asaba? Never maybe suburbs of Asaba not Asaba

emmanuelewumi:
You don't have to manage the property yourself, just get reputable estate managers for the property.


Ajuwon should be around Iju area

Yes iju area

How do I build another one and grow the wealth?

emmanuelewumi:
What part of Lagos is the property located?

Your mother beqeuthed the property to you, you have the responsibllity of doing same to your children by growing the wealth

Ajuwon

Yes sir, that the plan I have to make it a responsibility to hand it down to my kids and build own because I have acquired a property in Anambra but I have never managed the property and would want to grow the wealth.


How do I save to build another?
Periodic Maintenance what percentage should be set aside?
Land use charge
Sundry expenses?
How do I grow this wealth?
I have learnt from interaction here that commercial buildings are far more profitable than residential

Theconglomerate:
Well,not everyone will use this your model.
Many people who were even jobless will bump into a lot of money along the line of ther life.
They will just build a house without any financial plan whatsoever and it won't mean nothing to them.
So how does such a person use any kind of financial plan to achieve his house?
Not everything is achieved through planning,some are random.
A lot actually.

Boss, who fail to plan is planning to fail.

A property that was beqeathed to me by my late mother in Lagos 4 nos 3 bed room with a library loacted at the suburbs of Lagos.

Annual rent 700k
I stay in one of the apartment
Two are on rent
The other is yet to be rented out.

How do I manage this plus build more and increase my investment?

I am risk averse

Coronavirus: 10 reasons why total lockdown is a waste of time and cannot work in Nigeria.

By

Charles Soludo

I’ll Summarize the Points to back up this claim in the thread with excerpts from Soludo.



1. We Cannot afford it

African countries easily copied the template of “stay at home” or lockdown orders, as in many Western countries but didn’t copy the accurate distribution of funds ranging from $1000-$1500 to citizens

2. No Credible Data

Nigeria does not have credible demographic data to identify and target the most vulnerable unlike the western world. The Government doesn’t even know where the most Vulnerable ate located! They just give money to People who in turn embezzle it and post photos

3. There is no Effective Execution

The Covid Cases keeps increasing everyday and if the Lockdown is a way to reduce or halt the spread of the Virus, then from the results it’s clearly not working and counter productive as a matter of Fact.

4. There is no Exit Plan

The idea of Lockdown is to contain the spread in a given time and if it’s not contained in that period, there will be extensions. If Point 3 above is still valid, then there’s clearly no plan to stop the Lockdown. Which is a suicidal waiting game.

So the cases continue to double and we continue to stay at home without no source of income. Soon savings will be exhausted and people will be forced to come out to hustle for food since point No1 is still valid and then we are back to point No 2.

5. Hunger Virus

Africans have had high rates of poverty and hunger even without the CV19, now this just throws us into more hunger and in a couple of weeks, people will have more health issues sprung up from Malnutrition and hunger.

6. Health Pandemic

In normal times, thousands die every day in Africa due to other illnesses and communicable diseases — cholera, malaria, lassa fever, tuberculosis, HIV/AIDS, zika virus, measles, small pox etc

Lockdowns worsen these as many of the victims of these now have little or no cash to attend to themselves. Soon the pharmacy shops will run out of imported drugs with Border restrictions in China and India. Local adulterated drugs sales will increase to fill that gap, it’s now a life or death situation.

7. Politicians are doing Photo Charity, in Nigeria’s Language “Audio Charity”.

Much fanfare, drop a few currency notes or grains here and there for some hundreds, when millions are in desperate need, just to be seen to have “done something”

8. Crime Pandemic

Phew, everyone saw this coming, we just didn’t expect it so soon. The Touts see this as an elite problem and for them, “the hunger Virus is more dangerous than corona virus”. The desperate ones are forced to take desperate actions to survive

9. Many Firms will die!

Most of the owners of MSMEs will probably consume their business capital during the lockdowns, with no clear helpline afterwards. It won’t be long Business owners may not be able to sustain the work from home or pay salaries

10. Agriculture will be hit hard

Agriculture in Africa is rain-fed and seasonal. Lockdowns during the planting season could threaten food security in months ahead. Inflation will shoot up while people who need transport to their farms cannot do so.

Coronavirus: 10 reasons why total lockdown is a waste of time and cannot work in Nigeria.

By

Charles Soludo

I’ll Summarize the Points to back up this claim in the thread with excerpts from Soludo.



1. We Cannot afford it

African countries easily copied the template of “stay at home” or lockdown orders, as in many Western countries but didn’t copy the accurate distribution of funds ranging from $1000-$1500 to citizens

2. No Credible Data

Nigeria does not have credible demographic data to identify and target the most vulnerable unlike the western world. The Government doesn’t even know where the most Vulnerable ate located! They just give money to People who in turn embezzle it and post photos

3. There is no Effective Execution

The Covid Cases keeps increasing everyday and if the Lockdown is a way to reduce or halt the spread of the Virus, then from the results it’s clearly not working and counter productive as a matter of Fact.

4. There is no Exit Plan

The idea of Lockdown is to contain the spread in a given time and if it’s not contained in that period, there will be extensions. If Point 3 above is still valid, then there’s clearly no plan to stop the Lockdown. Which is a suicidal waiting game.

So the cases continue to double and we continue to stay at home without no source of income. Soon savings will be exhausted and people will be forced to come out to hustle for food since point No1 is still valid and then we are back to point No 2.

5. Hunger Virus

Africans have had high rates of poverty and hunger even without the CV19, now this just throws us into more hunger and in a couple of weeks, people will have more health issues sprung up from Malnutrition and hunger.

6. Health Pandemic

In normal times, thousands die every day in Africa due to other illnesses and communicable diseases — cholera, malaria, lassa fever, tuberculosis, HIV/AIDS, zika virus, measles, small pox etc

Lockdowns worsen these as many of the victims of these now have little or no cash to attend to themselves. Soon the pharmacy shops will run out of imported drugs with Border restrictions in China and India. Local adulterated drugs sales will increase to fill that gap, it’s now a life or death situation.

7. Politicians are doing Photo Charity, in Nigeria’s Language “Audio Charity”.

Much fanfare, drop a few currency notes or grains here and there for some hundreds, when millions are in desperate need, just to be seen to have “done something”

8. Crime Pandemic

Phew, everyone saw this coming, we just didn’t expect it so soon. The Touts see this as an elite problem and for them, “the hunger Virus is more dangerous than corona virus”. The desperate ones are forced to take desperate actions to survive

9. Many Firms will die!

Most of the owners of MSMEs will probably consume their business capital during the lockdowns, with no clear helpline afterwards. It won’t be long Business owners may not be able to sustain the work from home or pay salaries

10. Agriculture will be hit hard

Agriculture in Africa is rain-fed and seasonal. Lockdowns during the planting season could threaten food security in months ahead. Inflation will shoot up while people who need transport to their farms cannot do so.

ASPIREX:
Your link is not working.

it is working fine, try again

ephraim18:
Rita dominic

What?

Notorious Cross River Cultist Leader, Jboy, Killed By Gang Members Over Disagreement

A notorious cult leader in Ugep, Cross Rivers State, popularly known as Jboy, has been killed during a clash with his gang members.

A resident of the community told SaharaReporters that Jboy and his gang belonged to a certain cult group known as the Vikings and have been terrorising persons living in Ugep for years.

The source said a power tussle between the deceased and another member known as Arikpo 007 had left many in the gang dead in recent months.

He said, “It’s an internal crisis within the Vikings also known as Baggers. Few months ago, there was power tussle between Jboy and one Arikpo 007, this led to killing of another gang member.

“A robbery incident that took the life the CEO of House 27 Hotel in Ugep and many other robberies in the community were all linked to the gang.

“It got to a stage when Jboy’s father was dragged out from his house and flogged with machetes by Arikpo’s boys.

“Following the humiliation on his father, Jboy swore never to leave cult violence until he kills Arikpo 007, a threat that kept Arikpo on the run.

“On April 20, 2020, another cult member, also a Viking, was shot dead by aggrieved members of the same cult as a reprisal attack after a meeting around Ijiman Street.

“The situation led to an immediate reprisal by the other faction and it was in the process that Jboy and another gang member named Solo were killed.

“The entire community is in chaos and everyone is afraid of what might happen next.”

Spokesperson for the police in the state could not be reached for comments as of the time of this report.

http://saharareporters.com/2020/04/22/notorious-cross-river-cultist-leader-jboy-killed-gang-members-over-disagreement

enirock:
After five gruesome days of reading... hmm God save this generation
cultism brings sorrow, tears and blood( in Fela's Voice ) their regular trade marks

To the Op and all those who shared their stories I say thank you

To the detractors and "identify finder/locators" una try wella but una juju nor strong reach

To us all "use your tongue to count your teeth"

As my Papa dey talk am: "meat wey my forefathers nor know where them for kill am, make I nor know when them take carry am reach house and make my children and their children after them nor perceive the odour talk less of knowing where them for dey cook am and make our friends nor join chop am".

Aside- how come we nor hear stories of daughters of jezebel and the rest?


#shun violence
#stayawayfromcultist
#fleefromcultism

Daughtees of Jezebel exist. Before now cultism we're once I'm our secondary schools but on a low key in the late 90's but now it is open secret.

iamoyindamola:
where's the group

WhatsApp

chinchonglee:
Madam face front.

Yes sir.

DeejayTeeno:
Not reachable

it is

edgeconsul:
Stay safe while single

Good

We're going to experience BOREDOM during this lockdown. Guess what, I've created a WhatsApp group in which we can make new friends&chatbuddiee during this period across Africa Just RETWEET and check the THREAD to join https://chat dot whatsapp dot com/E0sXZ9VLAT28xWK3AgyFPl

doctore212:
I bought 4 rolls of Joy soap.

One bar doesn't last for 2 days.

what was your last count? Because the limit is 54 times

chinchonglee:
How do you get a new job wen u re working with a firm??

Like how do you go for interview?
What lies do you tell them?

Check the internet therein is your answer.

slimmax:
Sent an application without attaching my resume on the last day given. And I had already resigned from my

I don't understand

Single people, please how are you guys coping in this period?

We're going to experience BOREDOM during this lockdown. Guess what, I've created a WhatsApp group.

Just share the link https:///DTSoUqwOHWUAY5GIHtBXfa in a bid to kill boredom during this lockdown period an also have a virtual friends, chat buddies and meet and make new friends across Africa and the world by extension

Leezah:
Check out "linkup" on telegram

or lockdown quarantine

Reading the stories on the trend, I learnt the following:
� The people who can hurt us the most are those we call friends because they have every detailed information about us.
� In a relationship, whatever that's going on is between you and your partner. There should be no third parties involved. Do not get your friends too close to your partner.
� Curtail information you feed to friends and some family members too because people are not what we think they are.
� Learn to give your trust to those who have earned it.



2012 was a learning seasons for me. I housed a friend in UAE not knowing he does drugs until the day he was caught. He dribbled the police to call and send signal to my very good friend and next door neighbor to ask him to dispose of the stuffs in the house & ask me and everyone there to leave as well. But reason best known to him, he came and took some bags away, informed the people in the other room of the situation and left me and my boyfriend as we were watching a movie


For all we know, he went down to buy some groceries. Angry that he had wasted time and that he sent someone to carry his bag without telling me. Angry to myself too for even letting him carry the bag out. Weird as it was but I kept quiet.

After some time this friend and next door neighbor called me to his room where he sat with his wife both scooping beans into their mouths, told me that I should stay calm as my friend has been arrested & will be coming with police for questioning but I shouldn’t fret but answer them, not seeing anything wrong in answering police questions, I went back to my crib.

Some minutes later, we got a bang and it was hefty CID personnels with my friend in chains. He almost ran back on seeing us (he did not expect to see us after his warnings) but they pushed him in asked if we knew him & I said yes. Asked for his bag and I showed them his portion of the wardrobe but as they flipped his cloths what they found gave me shivers. My friend called them to whisper what I later knew he asked them to take him & leave every other person

Truth is, I have seen many drug movies. Men brought packages out and the stupid me was asking them what it was. They said calmly that it’s ashish. All the calmness left when they opened his bag under the bed and found the main thing, different kinds and packages. We were bundled, for the first time in my life I was handcuffed but also chained with the drug cocaine lord in my house.

MhizJoyce:
You're contradicting urself. Read ur first and second paragraph.

how?