₦airaland Forum

zicjoe:
im here modath

drizzit:
Modath here I am

Billyonaire:
When business is sold, it does not mean they were not making profit. Announcing a lost has been one of the few strategies that venture capitalists who want to make massive profits at shortest possible time use to sell out the company, clean the books up without paying taxes.

Unlike Yahoo Yahoo, the thoroughly trained minds in businesses of this nature knows that if you must get off the government tax handcuffs, then you must declare bankruptcy of the company even though the company is doing well. Cos if you declare profit during the sales, you will pay huge after sales tax but to declare bankcrupty, you are not only covering your asss for cooking the previous books, but you also get tax rebates and do not even have to pay taxes in the next several years as new buyers.

Sometimes it is just change of names; Cash out, sell the structures to another set of your foreign partners and the fraud continues. Econet, now 9Mobile has been used as a special purpose vehicle of these schemes many times and people still believe their stories.

Nigeria has been profitable to Konga and Jumia, but they could cash out some billions if they are declared bankrupt and share the liability of the credit facilities with new friendly partners while pocketing chunks of the money.

This is the type of Yahoo Yahoo Nigerians need to learn.

Nigeria is just a heaven for these high level fraud because we have no government, no consumer protection mechanisms, no products and pricing controls, I mean, I do not see how any 'world class intellect' can not be a billionaire in this country.

One must go beyond common-sense to understand that these sales are fraudulent schemes to enrich the few guys with brains who pull these stunts.

bootstrap:
Oh, I'm sure the Nigeria govt is definitely a buisness killer, but, e-commerce failures in Nigeria goes beyond bad govt. If we took a survey here now, most people, as informed as we are, can count on their fingers how many times they really shopped online. Talk less of the less informed ones in the rural areas. @mo captures is quite beautifully up top.... Anyways, at the end of the day, it all these factors we are listing and some more... I hope the experiences can motivate stronger businesses that can beat all the odds

Otenzy:
I have $34...will you buy?

DEGREE2466:
Please who can help me withdraw my fund that was trapped in PayPal.

I got a mail that the fund is eligible for withdrawal but I don't know how to go about it.


Any experienced member here for assistance?

modath:


Flee from Rippers, scammers & unrealistic rates..

Waka come my WhatsApp straight & offload all BTC, small , big or GIGANTIC.... Naira dey for ALLLLL...

Payment is SWIFT , transaction is SECURE , dealing with Mo is ...SAFE......

SNOWCREAM:

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Beremx:
happy new year. Regards to your family.

Beremx:
good to see you babes! Ba wo ni?

Beremx:
Ok o! Mazi Akinwumichukwu Ambodozie. You name have been Igbonized by me.