₦airaland Forum

Kajaard:
Balderdash

A house is an investment for the landlord. It is a tangible asset that always appreciates in value and he can always sell the house anytime at a profit in figures greater than what he built the house with.

Landlords are not expected to recoup the cost of building their houses in 10 years from tenant rents. The rent gotten is an additional income he can be using for his monthly expenses and the intent is never to recoup it from rents over a 10 or 12 year period.

We get things so wrong in Nigeria

So where do they get it right elseware cos the last I checked it might even be worse in places like UK where you have buy- to- let properties where landlords buy and use rent to make mortgage payments, where venture capitalist such as blackrock is buying up all available properties ans driving rent to the high heavens.
Oga our landlords are even good compared to those abroad.

Kajaard:
My thoughts exactly. It seems there is a new dictionary definition of stunning beauty these days

If you know the amount of cosmetic makeup that produced those pictures, then just imagine the real face. Stunning indeed

She is half caste. A mixture of naija and Egyptian genes.

Melagros:
COMRADES, is this girl death political? Because I overheard that she was warming up to join politics
Insecurity in Nigeria has turned to something else

So you are implying politicians saw ahead through a crystal ball her political future and decided to kpai her?

Is the police aware of the ban?

He is indirectly mocking his paddy dangote saying sebi we warned you not to invest big time in that country to save yourself from sleeplessness, say see me now chilling in Monaco and all I do is sleep with peace of mind, no pengassan this, nnpc that etc.

Facidio:
Otedola be forming saint,... But he has quickly forgotten he is among those who stole from the system and brought us to where we are today

Any evidence he stole from the system? You cannot just out of the blues allege someone stole from the system because he is astronomically rich. The man has said he never dealt in pms but rather diesel and ofcourse you know diesel was not part of the subsidy wahala. Unless you have evidence to the contrary and have money to defence yourself from billion naira lawsuit, better be careful of what you spew cos this otedola man has a reputation for holding people accountable for any infraction no matter the cost to him.

Bravo to this honorable man.

uchennamani:
Oga, treasury bills, a form of government bond, pays 30% per annum. Least sum to buy it is 45m. Opay and others collect money from people and use it to buy treasury bills. The 18% Opay pays you is actually less of the 30% treasury bill attracts. The difference is their profit.

Yes, treasury bills pay 30% per annum.

Yes, the inflation rate is mad but it is better than losing your money doing business in Nigeria

Na wah, 30%?
To tell you the truth, I have been doing some research since I read your post. If one can buy them directly, why go through the banks who will cut inside the interest? Hmmm..

Skydivine:
To compare, Is there any undeveloped land you will buy in Lagos or most major South cites that the price will not double in a year? I believe land banking is better but with more risk.

Yeah, land banking, some of my guys do apartments to in places such as lekki, ikoyi, vi, that axis, but you gats get lots of money to play around, and as you rightly said it is risky especially with virgin land.

Nazgul:
It has gotten worse.

Our airport is horrible. Banks, churches, even where I live, the securities there wouldn't let you rest. If you're driving in or out, bye bye sir welcome sir happy weekend sir... Etc. Everywhere you turn to someone is begging you for money.

The other day I was visiting a friend around ayobo so I decided to go to Jendol (supermarket) to buy bread. I love their bread so much.

As I picked up the bread and was heading to the cashier to pay and leave, one able bodied guy just walked up to me and told me in fluent English to pay for him. I looked into his basket and saw it was filled with all sorts of things. So me way just carry bread I no get sense ba. I just looked at him and hissed and continued walking away.

Most people have taken begging as a job cos they make more money from it than people who work legitimately. And it has made people who genuinely need help unable to get it. These days I don't pay any attention to strangers walking up to me to ask for money.

Have you noticed those women traffic warders, lastma at AKOWONJO roundabout in front of Fcmb bank the way they beg for money? Infact it is embarrassing, people call them beggers, especially one fat black traffic police woman.

uchennamani:
If na me, I won't do any business. I won't even risk it. I would simply use it to buy federal government bond that pays 30% through a third pary issuing house. If the money is up to 45m, I will simply buy the bond with CBN. But since the amount is not up to that amount, I will buy with save it with Opay, Fairmoney, Piggyvest, etc. They collect money from people and use it to by treasury bills issued by the government.

In a year, your 10m will become nearly 13m, which is almost 30% profit.

No sane person invests this amount in a business that is not certain n this balablue economy.

Oga, where you get this info sef, lol.
Which gov bond pays 30%?
Even opay will give you 18% on the first 300k and 9% on the rest of the money, beside you cannot even invest up to 5m.
Most banks will give you 14% per annum or lower, they will then use your money to buy government bonds at eg 20% or slightly more.
Some banks you can negotiate higher, i currently do 16% and have already negotiated 18% on the next circle.
The most 10m will give you at 16% is 350k in 3 months, 1.4m in 1year or 117k monthly after charges.
2m is small and wount be taken for FD, the most you can do with that is opay for all those mai mai change they call interest.
Omo, me learn am from once of my guys, him no de do an business again, he go enter one bank today, negotiate rate with manager, put the money for 3 months, collect him money go another bank, negotiate and put am for another 3 months, him say him do taya to do business. Lol.
The downside to this is that naija current inflation rate is said to be 22% which is higher than interest rates.
A alternative is to save in your Eg UK account but their interest rates no de pass 3-4% PA, the only thing na say if naira devaluate your money still holds value. But you have Eg capital of £50k, you earn more interest placing it in FD in naija banks that UK ones.

See her mouth sef, it reminds of those ladies in dauda the sexy guy comics from the 80s.

donleo92:
Dangote is really on a dangerous part.....


This man wants full monopoly on oil and gas in Nigeria. And most people ain't seeing it that way.


See union has to be formed. The government should call Dangote to other

Why not break the monopoly by establishing your own refinary, infact why not make 2-3 refinaries?

.

Wealthoptulent:
You can IMAGINE that, wasting TAX PAYERS' FUNDS.
with all LOOTS they RTIRED WITH, still compensated for SUCH BRAVERY

b@d bhvr pays niyen

hope e paid, make VDM no come call am out for REFUSAL to pay unlike him colleague WHO TOOK 9 CARS 1.2B and yet to pay but yet distributed CARS to SHA members

That is why sometimes I consider supporting those that say Nigerians are not taxed enough. Because if you feel pained when a huge part of your income is taken from you by government you will shout and scream when your tax money is spent on nonsense.

.

Oga where I gave up was when you addressed yourself as a 33 year old boy who feels he is young with age in his side. Lol

This story no make sense, the timelines get kleg, likely a tale from the OP and a mediocre one at that.

Hang on, no be "moncuary" business this man de talk about?

Is Mr president aware?

Na wah ohh

They should check afeeccc government, he is most likely holding a position as senator, governor, special assistant or most likely (since his fraud was finance related) a commissioner of finance.

Thundafireseun:
I believe there must be more to this story than what is revealed

Believe all you want, bottomline is that there is a judgment and lien has been placed on his accounts. This tells you a judgment was received against him, it is likely he did not appeal within stipulated time or he has exhausted all appeal.
Oga, he gats pay, nothing like more to this story than reveled cause he had the opportunity to reveal any story in court.

70 year old man..

Xscape1993:
Oh my country ruled by agberos, touts, well known drug barons and certificate forgers!

Him no "lobby".
By force he go tender returns.

Ipisi:
Atiat Limited is a company providing leasing and lending solutions to individuals and corporates.

Story, very vague, look at their website, they say they lease vehicles, you see pictures of their stock, 2003 corola, and some other late model cars, which business them de do really? Abi na the usual FGN or state gov contractor?
Abeg no be so invictus get big office for Abuja?

christistruth01:
Use their mobile phones to trace them!!!!

The FG should ask the Mobile Phone Companies to supply the Phone numbers and the names of their Registered Owners of all the Mobile phones that entered into that location together from elsewhere just before the time of the attack and that were there for the duration of the attack and the details of those mobile phones current locations !!

FG should then liaise with Cameroon military to arrest those people in possession of the phones

The Mobile phones of the attackers can be used to trace them even without the SIM card inside using their phones IMEI



https://www.youtube.com/watch?v=wzSgLpNrr2E?si=uIEyYP8qtuNja24d

So you think all the people in gov, the army, the intelligence community etc are all dumb they do not have sense to know all you wrote? You think you are wiser, more intelligent than them?
Abi, Sowore that is wondering why the army control room that saw the criminals approaching in a streight line but did not alert the troops, do you think the control room people did not have the sense to alert the troops? Question is why don't they, same thing with your own suggestions, why haven't they used all you said to track the criminals? Commonsense should tell you it is all about the more you look the less you see, different scripts are been played out.

He "hav" use the money to buy "Benz".
Imagine your wife being suger mummy for another person, omo watin some husbands do see untop marriage ehh, if them talk you go shock.

David, oko chioma, better man weh Sabi take care of him woman.
Chioma, woman weh get sense sabi handle her man.
Omo, as a man, marry from better family, woman too, marry from better family. Better to marry from family weh mama and papa de together than one from broken home or atleast let the broken home one be the last option. Argue it any way you wish, by the time you get older you will realize it.

I trust that one, he will not let one agbero stain his white.