₦airaland Forum

Metuh:
It's not about any rubbish power battle

It's about obeying Court judgments and orders that Buhari can never do.

...And do you actually think Saraki and he's tyrannical cohorts are obeying the rule of law here??... If they had any regard for the rule of law in the first place, they wouldnt have placed a suspension on a senator reprezenting the entire Urhobo nation simply because he went against the wishes of emperor Saraki; especially when they knew it was illegal (as prinounced in the similar case of Ndume).

When he was first suspended, Omo-agege still walked into the chambers and sat comfortably nevertheless. After a while, his supporters/sypathisers/thugs broke in and packed the mase. Yesterday the Omo-agege once again granted an interview that absolutely no one but himself or the people he represents can prevent him from being in the chambers today. On this present development, Saraki and co are simply observing 'rule of common sense' for fear of the crisis that may have unfolded today if Omo-Agege was blocked at the door.

Hahaha... Mudiaga! No matter the weight of elephant e nor fit cause earthquake... Still on colonizing Warri... Staaand fit!

theenchanter:
Sincerely speaking, I hate how Lagos is coveting all these development when every regions supposed to enjoy d dividend of good governance.

It'll only make Lagos an urban sprawl if economic prowess is vested in Lagos alone cos more n more people will continue to migrate to Lagos en-masse.

A sensible federal govt supposed to encourage economic activities in every region.

It's a state govt project...

There're 2 main reasons why the seaport business in Lagos thrives; (1) The coastal water is deep so it supports large ships (2) Lagos is 10 times safer/secure, that's why even if you were a businessman from Rivers, you will opt to rather bring in your goods through Lagos.

Akwa-Ibom also has deep coastal waters, Akwa-Ibom is safe/secure and Akwa-Ibom state is the richest state in Nigeria in terms of allocations; so my real worry here is, how come the Ibaka seaport which got approved ages ago is still a mirage even with all the money Akwaibom state has?

Just wondering what some of the comments on this thread have to do with the title; many minds are indeed lost already.

olajay86:
http://www.titopeblog.com/2018/05/why-osinbajo-is-one-of-most-hated.html

Former Minister of Aviation and chieftain of the Peoples Democratic Party, PDP, Femi Fani-Kayode has explained why Vice President Yemi Osinbajo is gradually becoming one of the most hated Christians in Nigeria.

Fano-Kayode in an article released on Monday, claimed that Christains in Nigeria now hate Osinabjo because he has betrayed his brothers and sisters, his faith and his God and that he constantly seeks to defend and rationalise the actions of an administration that kills believers at will and treats them like vermin

He wrote, “And these are the people that a cowardly turncoat, servile quisling, ranking slowpoke, reprehensible reprobate, useful idiot and accursed slave like Vice President Yemi Osinbanjo, who, apart from being physically challenged, is intellectually, morally, spiritually and morally bankrupt, would have us believe are saints?

“The truth is that the Vice President is fast becoming one of the most hated and despised Christians in the country today simply because he has betrayed his Christian brothers and sisters, his faith and his God and he constantly seeks to defend and rationalise the actions of an administration that kills believers at will and treats them like vermin.

“He is indeed the Cain of our time. This is a man that claims to be a “pastor” but whose Lord and Saviour is not Jesus Christ but Muhammadu Buhari.

“Worse still this is a man who is supposedly a respected lawyer, a Professor of law and a Senior Advocate of Nigeria who takes pleasure in describing others as “looters” even when a court of law has not found them guilty of any wrongdoing.

“Quite apart from all that do you know how many people the Buhari administration have slaughtered and murdered in cold blood? It is an ocean of blood.”

Osinbajo is the most hated Nigerian Christian only in the twisted moronic minds of diabolic psychopaths like FFK.

What excuse does Delta state really have?

This is actually rare, an opposition winning an LGA election? ... I've always advocated that LGA elections should just be scraped cos they are always a charade where the ruling party at govt house always wins 100% of the seats. This is indeed a rare occurence.

Solstar:
Dangote's Tomato factory hasnt survived 10 years, now there is no raw materials and no existing structures for back-ward integration. We are talking about billions sitting there in technological investments, idle funds sitting there while he goes into farming in order to produce raw materials. That should have been thought of, during the planning phase.

Dangote lost several billions for listing his businesses in foreign stock exchanges under index funds, and whether the bull is rampaging or bears comes out of hybernation, emerging markets loose. And he lost billions. I sometimes wonder if Dangote understand how Securities are traded in the real world, not the rubbish they do at Stock exchanges here. Prices are pushed by speculations and there are no good news coming from Africa, so that alone is a good ground to decimate their cap. I understand how this works and I have no time to share information on this, cos it takes months of studies and research works. Do you know there are people who knew Dangote would loose money the moment he listed his company ? Well, I am one of those who predicted it and it happened. I drank a shot of tequila to it, not because I was happy, but because my prediction was accurate.

Dangote sites a Refinery worth between $14 to $18b at a location without oil wells or blocs. The same mistake he made with Tomato paste factory. Building factories without considering the nearness of the feed but only on the potential to deliver products value chain to African countries via the Atlantic. Do you have idea how much it costs to pipe products across kilometers ? Do you know the cost of pipeline surveillance ? Do you know the human cost associated with trucking ? Dangote will break-even, we understand that. Dangote will make RoI, we understand that. Some people on this forum say he will 'cash out' and that is the language of 419 yahoo guys who love quick money. But no, in business of that magnitude, you project a 50 to 100 years timeline and the possibility of expansion to other countries using same module. That is why I said there are better investments to put such liquidity into.

There are people who try to win arguments even when they are ill-equipped by throwing around sentimental words like big man, has money, rich man, this and that. Ofcourse you may not know this, but let me remind you that most of Dangote's investments are presentment of other people's whitepapers and they are prone to miscalculations.

I am probably from a more advanced background with optimized business acumen for futuristic plans, so the commentary from you really shows how the average Nigerian thinks, which understandably is why the country is economically raped and bastardized.

So, you support Dangote because he is a big man without the slightest idea of how corporations are run and if Dangote is doing it right. No wonder his trucks kill people always without him facing justice.

Nigeria needs new kind of thinking.

Please I no longer find it interesting to continue these arguments, if your businesses are successful based on such sentiments, then you are lucky. As for me, I have got mine covered using an optimized better business strategy.

This is my final post on this.

Oga, there's no businessman or business in this world that doesn't experience one or two setbacks. But success is all about perseverance and ensuring the successes outnumber the failures. It's laughable the way you continue to rubbish Dangote's intelligence / acumen whilst you brandish your own superior knowledge and understanding of business; you even go ahead to paint a picture that Dangote is only just a lucky person who thrives because he's functioning in a broken society like ours.

Talking about trying to win an argument, you're obviously the one so keen on winning a non-argument. Going back to your first post, you started by slamming Dangote for a poor business decision of investing $14 - $18 billion on a refinery when electric cars and solar panels were supposed to be the future. Whilst I agreed with every other thing you said in that post, I and several others on this thread totally disagreed with your assertion that fossil fuels/refinery was bad business. Ever since then, you've been moving from one point to the other trying to justify your original point about Dangote not being a smart businessman lately; that to me seems like a person desperate to win an argument.

Solstar:
I have stated my opinion and that is a fact that most billionaires know. That is why no one dared to gamble with expensive liquidity on such a very apparent behemoth located almost in the middle of no where near the source of the feed. Even when there are cheaper and better alternatives such as modular and customized systems. The fact that Dangote is a house-hold name does not make him immuned to mistakes. His tomatoes factory is down not so ? Now there is no structure on the farming side for backward integration. Hence he has to begin to grow the raw materials himself.

Makes no sense to me.

Thanks God you said "it makes no sense to YOU", there's nothing new about how you feel cos all the greatest men in the world were once thought to be foolish when they started. Although I must confess in this case that it's even very easy to see the wisdom in Dangote's refinery investment. When its completed, he would also complete the other facilities (i.e. the petrochemicals, fertiliser and the pipeline) from the proceeds; I foresee a near future where Dangote would be richer than the entire Nigeria put together if others don't sit up, and then people who called him names would start lamenting why one individual would be allowed to get so powerful.

Remember, "great men become great when others are asleep," or we could rephrase by saying "great men become great when others were busy doubting the potency of their ideas."

gabicon:
Dangote may have been making mistakes of late, but the refinery he is building is not one of such mistakes. Think of it how much do we spend as a country importing PMS alone? It runs to billions of dollars yearly to be specific $28 billion. Yes that much (https://www.google.com.ng/amp/s/www.thisdaylive.com/index.php/2017/06/20/kachikwu-nigeria-spends-28bn-annually-to-import-petrol/amp/)

50% of the price of PMS is tied to crude then running cost, dangote should be raking in nothing less than $15 billion profit yearly and if he runs for 10 years only you can do the maths of his wealth.

if I remember correctly dangote said the refinery will cost $9 billion, dangote is financing about $3 billion, Africa development Bank is bringing 2 billion, the indians and Chinese are also involved.

Secondly it will take more than 10 years for electric cars to gain footing in Africa, I mean we're are the infrastructure? We don't have electricity to power our homes is it cars we will be powering?

Before we castigate dangote for poor business choice it will be nice to remember that running a business is not a walk in the park and mistakes are bound to happen some one can recover from some we can't.

Point of correction on the bolded bit, "it will take more than 10 years 40 years for electric cars to gain footing in Africa even in the most developed and industrialised first world economies."

A lot of people just believe in fairy tales they read online about electric vehicles taking over. The fact is, that is still a dream; fossil fuels aren't going anywhere just yet.

Solstar:
I really have limited time to continue on these back and forth. But let me state that investing $14b to $18b in a refinery that is not near the wells in a country that has double digits inflation, double digits interest rate and an approval for Modular Refineries is not the best idea. How will he deliver the feed ? Piping ? (capital intensive, exposure to vandalism, expense on pipeline survellance), Trucking (bad idea), Rail transport (capital intensive).

Modular refiners site their plants at the epicenters of the oil and Independent marketers drive in, load products and move to destination, this is a better business module.

I dont know about you guys but there are better things to invest $14b to $18b into and get better RoIs. In fact, I think he is targeting other African countries with the investment, cos it is easier to ship it abroad.

Wonderful!... You just sat down comfortably and washed off all Dangote's intelligence into a gutter. You really do think Dangote is so dumb to have sited the refinery where he did right?... You really think he didnt have all these elementary considerations thoroughly deliberated upon with experts before concluding on the location of the refiner?

And by the way, the refinery itself cost less than $10 billion; the rest of the funds covers a massive urea/fertiliser plant, a petrochemical plant and a 42" subsea gas pipeline from bonny to Lagos and other locations. You really do think Dangote is so dumb not to have thoroughly consulted and understood the prospects of these ventures before proceeding?... If the subsea gas pipeline alone is built, it effectively replaces the Escravos - Lagos pipeline and that piece of equipment alone is capable of recouping the entire invested funds in a decade.

Afam4eva:
Tell me who has wielded as much monopoly as Dangote has in the history of Nigeria?

The reason i'm calling his business acumen to question is that in every industry that he has delved into except cement and places where he had monopoly, he hasn't done well and has had to close down. Is it Dangote Spargetti, Indomie and the Telecoms company? Now the tomato company? Someone like Dangote, should, in the least do proper feasibility study before delving into any business. That's the baseline.

A very important quality of typical businessmen globally is shrewdness and Dangote has a lot of that. In a bid to downplay Dangote's intelligence and acumen, people have always come up with this overflogged story that he's being favoured by government as a monopoly over others. But then, if he isn't really so smart, how come he's the only businessman that knows how to get favours from every single government; from Christian southerners to northern Muslims, including local and foreign lenders etc?... If Dangote isn't really as smart, how come the other smart businessmen can't manipulate themselves to curry favours from governments?.. How come this trick only works for Dangote irrespective of who's in power?

Pharaoh9:
I like this man,
I don't miss to watch his videos or read his posts

What exactly is the issue with this dude posting people's pictures all over the place in unrelated topics? Do these girl(s) know you're posting their pictures around?

Solstar:
I love the way you ended it. It is not a spiritual attack, it is a religious attack.

Nigerians spend all their time fasting and praying and forget to get creative, then they run around to find fast money in order to buy imported food, cream, phone and wrist-watches so they dont have to waste time being creative when they should be worshipping God. Now churches run 5 services on Sundays, and a midweek service on wednesdays, not forgetting tarry nights and vigils.

The mohammedans are not left out, they pray a fuccking 5 times a day, and are constantly checking their time to make sure they dont miss a date with Allahu, what remains of their time is spent separating quarrels between their 4 wives, the rest is spent reminding the kids of the need to go to the Alfas and Imams for tutelages.

So, what time do we have to plant tomatoes or engineer apples that can grow on our climate.

We are not poor because we are religious, we are poor as a country because we have found an excuse in God.

Yet money does not grow on trees. Dangote should have known better. He has been making serious business mistakes of late, one of which is building $18B Refinery when electric cars and solar panels are the future. I really question the true source of his wealth. How are his projects financed ? From which sources ? He pays back loans at the speed of light, well, almost. Just to create impression of 'source' ? It could be these politicians just financing him till his retirement and eventual demise. It could just be a ponzi that takes money from early mules and paying the new politicians. I envy the man, I truly do, but if I have access to such money, then I should be able to buy up Nigeria and put everyone on a universal basic income from what I can do with that money.

As it is with the tomato factories, so will it be with the refineries in the next 20 yrs. This is the new world order.

This is a very serious write-up, but I just love the humour in your narrative.

Just to comment on the Dangote refinery though, I don't think I agree with you about that being a business mistake. Electric or solar vehicles may be the future, but that's still what they are, 'future'. Fossil fuels would still be very valid for even the next 40 - 50 years and Dangote would have long recovered the invested funds and paid off the loans. By the way regarding the financing, I think he took several local and international loans to raise most of the funds for the project.

FlirtyKaren:
Nollywood actor turned born again, Emeka Okoro, who is one of the few celebrities who abandoned acting for the pulpit, in an interview with Showtime celebrity talked about his conversion, acting career, marriage among others.

According to Emeka Okoro, Christ is happening in the Nigerian entertainment industry and you can't take that away. He went further to disclose that you can’t even resist it when God is interested in your case.

Here are excerpts from the interview below;

You’ve been away from the industry for a while, what have you been up to? 

I have a media outfit that I’ve been running and at the same time I’ve been acting.  These days, the movies we make doesn’t really move except they are shown in the cinemas, but I’ve been acting.

You recently became born again like some of your colleagues. What do you think is responsible for Nollywood heavyweights abandoning their acting career to become pastors? 

I think Christ is happening in the industry! And you can’t take it away, it’s like a crusade and God is doing it Himself. You can’t even resist it when God is interested in your case; if you don’t want to answer it, frustration comes your way until you answer the divine call.

How did you meet your wife?

We met on set! We became friends at first and along the line we noticed there was chemistry between us and we were connecting. So we became close and I proposed to her.

How have you been able to prevent your marriage from crashing like that of many  entertainers?

When you are on the solid rock, when you are in Christ, you don’t have anything to fear anymore. Christ is the base we are standing on and we don’t go outside that principle.

 Have you been tempted to go out with another woman since you got married?
That is almost a daily thing and that is why I titled my new movie “Flee”, so you don’t stay there to fight the battle. You have to take off!

https://lailasnews.com/i-am-tempted-to-cheat-on-my-wife-everyday-actor-emeka-okoro/

Lalasticlala

Haha.. been looking for this dude in nollywood movies for a while now... He always acted fraudster roles very well.

rabzy:
You are obviously not as enlightened as you believe. Calling me boy in a way to show you are older or superior in whatever way in a faceless forum reeks of immaturity. And coming from someone who made school boy mistakes makes it now laughable.
Instead of reveling in your ignorance and lamenting your situation, pick yourself up, apologize and let go. Don't be be looking for smart retorts, your comebacks are just spasms of an amputated limb. If you are as mature as you claim, you don't drag the issue, you quickly let it die.

Your own brand of maturity and enlightenment thinks the smartest thing to do is to fling insults at a faceless person you encounter online simply because you understand a simple legal term and he admits he doesnt?... And you expect an apology for that?.. You must be very proud of yourself that you know it all even as you take everyone else for a fool.

rabzy:
Then go and get some education. Lamentation is not the solution to your ignorance.
You don't need to be a lawyer to understand some basic legal terms, if you have read novels like John Grisham or even newspaper you would know that all prosecution closes their argument and then the defence opens their own.

These are very basic terms and it's unbelievable that people didn't know this, neither did they read thru the story to gain understanding.

Look here boy, I dont know who you are, but I may probably be far more educated and enlightened than you are or may ever be, and I keep learning new things everyday. Oh yes I read the title and the first few lines and got too pissed to continue; but that you understand a simple legal term which I didnt pick up at first isnt a reason for you to think you are any better than I am.

CilicMarin:
You are still digging my brother. Always be open to learning. I have learned a lot from you also on Nairaland, hence was surprised you commented like an average ipob yoot, who doesn't read beyond headlines.

Anyway this is it:


In Criminal cases, When a prosecutor closes its case against an accused, it means, he/she is done presenting his/her evidence, arguments and cross examination of witnesses, on why the accused should be convicted for the alledged offences.

The Judge then calls on the defendant( accused) to open his case, that is to show the reason why he shouldn't be convicted as argued by the prosecutor.

That was what Justice Mohammed did, by calling on Orji Uzor Kalu to enter his defence on the mentioned dates.

Thanks for the education bro...

SBG04:
What sort of foolishness is this?? But there is Google! What is wrong with these useless youths we have today for christs sake! What kind of crass stupidity is this!

You must be a capital idiot for expecting me to know everything including jargon outside my field... A you so daft or just a repugnant imp that you can't correct a person without vomiting abuses? Animal!

CilicMarin:
Even you? You don't understand the meaning of closing a case for a defendant to enter defence?

Oga, I'm not a lawyer and I dont understand legal terms. What I read up there states the case was closed and there were intentions to amend; whatever that means, I have no clue. But anyone who understands how Nigeria works understands that when a case drags like this, it always ends in nothing. So please allow me to lament...

Nigeria which way?...

CROWNWEALTH019:
I no do comprehension for sec school, abeg help me outline the points

No point.. just wake up first.... when u wake up u go realise say you don finish school, and say u sabi comprehend.

CROWNWEALTH019:
Good morning sir, your eyes they open small small

Lol... Oga my eyes were never closed at any time and my narrative has never changed. The situation was exactly the same in the last administration with folks like Reuben Abati and Doyin Okupe vomiting trash like this on a daily basis. Even after office, Reuben rightly said a kind of contrary spirit that knocks reasoning exists in Aso Rock. Petty political sentiments obviously blocked your mind from realizing that this nonsense existed then; unfortunately you're still in the same slumber even till now. You desperately need to wake up oga!

Kakistocracy! Sometimes one just can't help but marvel at the IQ of the people they always select as presidential media reps...

ANIOMADEI2018:
EWU

Nkapi!

makavel7:
Please can you give me a very simple definition of Dishonesty Bro you are sounding like goodluck Jonathan "STEALING IS NOT CORRUPTION " this is one of the major reasons why Nigeria is in the mess we find ourselves today. The average Nigerian always have an excuse to explain away and rationalise bad behavior or crime. Its just obvious that woman would violate the terms of her visa because she has already started to lie stupidly from the point of entry. Currently Canada is having a serious problem on their hands because of dihonest Nigerians who obtain a US visa and run to the canadian border to claim refugee status.

Oga stop bragging like an infallible saint and judging people; a person might break a rule/law, but that doesn't necessarily make them criminals/lawbreakers; that I answer a question wrongly does not mean I am a dishonest person or I'm trying to be dishonest, there's a chance I probably didn't understand the intentions of your question. Besides, point of entry immigration questions are typically done in a very casual and friendly (not military interrogation) manner. So if you think I answered your question wrongly, the sensible thing to do is to try and establish why I did or give me room to explain before you label me 'dishonest' and turn me back.

Using myself as an example, I have some old friends and distant relatives in Canada who I haven't seen or spoken with for over 15 years. If tomorrow I'm visiting Canada (for say business) and at the point of entry I'm casually asked if I have friends or relatives in the country, my first instincts and most likely response would be 'no' simply because (1) I probably didn't even remember they existed (2) My purpose of visit had absolutely nothing to do with them and (3) I had absolutely no intentions of visiting or even contacting them. Yes there are plenty Nigerians soiling our name and image abroad, but under the above scenario, you have no right to label me 'dishonest' without understanding my intentions.

Back to the story of the girl, she simply did not understand the way the immigration laws work, that doesn't necessarily make her a bad or dishonest person with ulterior motives like you are claiming. There are hundreds of thousands of people who make very similar honest mistakes every day at the point of entry but who only get a caution and aren't turned back. Like I said before, if what we read is all there is to the case, then the person who sent her back was just a heartless discriminatory soul.

When we thought we had seen it all...

"They simply want to kill him, all because he spoke against the ruling party. How can the efcc detain a man who's diabetic?.... Just imagine how they are humiliating him, no respect given to him even as an ex statr governor. If they can do this to a governor, what's the fate of the ordinary man?... Buhari is just a tyrannical beast."

**In the voice of the usual mumus**

Omo-agege and court rulings...

www.nairaland.com/attachments/4269123_4261309425763238385681181782862jpeg4e24358013c4e0b37874da0cced0329bjpeg9c8b41c8d093893388d4fd32984c5b78jpeg1fd93659e3bb84513858f008ca86b846_jpeg_jpeg669cb50926358979c789ebf2a46e9f3d

CSTR1003:
shut up, you shameless sycophant.

Atiku even while fighting for his own selfish interests during the OBJ administration was very independent of the president, and there was nothing OBJ could do about it.

Yet we have a so called pastor as a VP in the time of greatest danger to his faith, cannot even match atiku's independence in words or actions.

Was atiku not a vice president too? Where did he get the courage to confront OBJ even while fighting for his own interests.?

Another senseless ranting from an empty vessel... And when did Osibanjo become the same person as Atiku in your ignorant skull?... and after his independence and constant belligerence against his boss OBJ, where exactly did that lead him in his career afterwards?... Besides your Atiku example, how exactly did GEJ or Sambo fare as VPs? Were they half as active as Osinbajo in their time?.... Any human with half a brain knows that VPs in Nigeria are largely powerless with their power and voice completely clipped by the system; but this ignoramus here thinks insulting people for pointing out the obvious makes him a smart person in the presence of his peers. Animal!

And by the way, its your generations that are sycophants...

IamaNigerianGuy:
He is not a 'concerned' Christian. I have spelled out what he is in my previous post

Okay...

johnnyvid:
he is worse v.p Nigerians will ever votes for. he love to play politics on the lives of Nigerians. so pathetic.

Okay..