₦airaland Forum

Timmypromise:
What of innoson
Is he manufacturing too

He assembles, he only produces bumpers the small items, foot mats, dash boards, all the heavy items that make the engine and the body of the car Are all imported, he also paints deep soak, oven baking

RentedReality:
Excellent move

It can only be to our benefit - more jobs, cheaper new cars, tax value, less reliance on the Dollar

It might not look like much but when you look at the fact that in this May alone our oil has averaged at 70 dollars per barrel and with inflation hovering at 11% it might not be foolish to hope for better days

The implication of above means CBN can adjust certain controls including being able to pump an average of $500m monthly into the economy. For some it might mean more travel dollars,others dollars for importation, for me and you it might mean more frozen imported chicken


Either way Isay we look at this positively

https://www.cbn.gov.ng/rates/DailyCrude.asp

All the parts are bought/imported, and we assemble them! We want them to manufacture some of the parts in nigeria - and import the few they can't - not assemble jare

budaatum:
You "accepted it"? Really? That's not how I was taught in my school! In my school, they showed me how 1 + 1 = 2, then they taught me how to check that 1 + 1 actually = 2, and then they taught me how to show others that 1 + 1 = 2 if 1 + 1 truly = 2. That's why my world is not a 'should world' perhaps. I so love facts and evidence and not the 'dream world' I cook up in my head.

You know what would happen if government sets up SOEs olajide8. In this case, the past, of which we have very clear evidence, is very indicative of the future. The spots of the leopards of whom we speak have not so much changed colour, but gotten bigger as we can very clearly see, and as Lincoln is alleged to have said before some Bush man said it, "Fool me once shame on you, fool me twice and I'm just stupid", and I hate being stupid myself.

Anyway, thanks for your time. I enjoyed chatting with you, and trust Nigeria go better because good people like you will not ever relent.

It was a pleasure

budaatum:
Unfortunately, we live in the 'real world', and not in the "should" or the "right" world where dreams come true.

Well in the nation's we copy 1+1 is 2, we were even thought in school that 1+1 is 2 and we accepted it, we were also told that when counting from 1 to 20, 16 is less then 19 because you first reach 16 before you get to 19- but a certain group of people decided that they want to turn everything on its head and 16 is greater than 19, are these the same people that should have an opportunity again at the governance of this country, we live and are in the real world, it is just a group of people that have decided to change what is real and make us question our sanity

budaatum:
I have a saying about the "should" world. Read it below and see if you can tell which world I live in.

"In the 'should world' pigs would fly, but in the 'real world' they just grunt".

Well in the right world, I should be able to galvanize people with similar opinions like mine, form a party even if we don't win - we should be able to set an agenda- not the kind the sowore set, that is making a whole SAN, executive governor think of planting cannabis instead of proposing policies that would bring the planting of palm trees for Palm oil, which is safer and produces more income then crude oil

Wiseandtrue:
Pray that he (vuhari), I mean Buhari goes the way of Abacha

Make it a prayer point! Look for that lady, that once did us a favour!!!

Alternatively Atiku should win his mandate!!!

I am sorry to say this! No positive solution can come from this government!!! If it's were little mistakes, there could still be hope!!!

But the foundation has shown that the president does not know his left from his right!!!

And if the foundation is faulty, what can the righteous do

Coupled with the fact that he can lie
The word propaganda had never been used the way it was in this regime

It's a bitter pill we must all swallow

Like it or not God ordained him to get there and fulfill a purpose, abubakar audu was not destined to govern kogi for a 2nd time, at the point when he was supposed to be crowned he dropped dead - and it is very very unfair to wish someone else evil especially someone you don't know - that is the bring down syndrome, associated with a particular ethnic grouping in nigeria - I am sorry to say this but from the questions they asked during the run up to the elections and town hall and answers that the candidates put forth, it was so obvious they just wanted to come in and continue with the liberalization of our economy - like I said earlier we are not a capitalist economy we run a mixed economy, things that should be privatized are not privatised those that should be are left and as we speak, they are giving us more challenges - further more the amount of lies that those people put forward is highly despicable, why should I trust someone that lies to me about facts that are in the public space i- I refuse to be a fool - they lied on all points and to crown it their campaign was based on "WHAT" have you benefited instead of what have "WE" benefited only a myopic person would not see through the lies, just like women lie to men, and men lie to women, they were in it for what they would benefit-

2ndly the main challenger was the one in charge of the economy and nigeria during obj first term, the idea to liberalize all public institutions which was tagged privatization was muted by him, with the level of failure and the opportunity they had to put this country on the right trajectory and they failed instead they made a handful erastus, ceceila ibru and Co fantastically rich, I refuse to vote for people that also have the clout to tell me to my face that they would empower their friends - for better understanding it means they would empower or sell govt assets to their close friends and foreign interests, as an investment banker by training, and one who was actively monitoring events - the monetization of govt assets started by that candidate I believe it would be stupid for me and anyone I know to vote for that kind of candidate.

It's my opinion you are free to have yours but the lower class were the ones that voted this president and not the upper class and where votes really count the power to choose a president largely lies with the millions of those that are in that grouping

budaatum:
The irony is that it is these same "those ruling us today" that you are saying should invest government money in business, lol, despite you yourself admitting that there is nothing to show for the money they 'invest' right now. While I am telling you that they are so useless that if they do invest this money as you say they should, there would be nothing to privatise when they decide to.

Perhaps you have more faith in them than I do. I don't trust them one tiny bit and the evidence suggests I should trust them even less.

Yes they should because as they are now they are lost in where they have to start from

budaatum:
The government can use it's revenue - oil money and tax - to create an enabling environment by fixing roads, ports, power, policies, that make it is easier for business to be done.

Let me not drag this debate for too long so I don't bore or overwhelm you- my intent is to show that we have better idea's then those ruling us today even with the million of years of abundant experience they have around themselves.

The last time I read, I thought govt responsibility was only to create an enabling environment for the private sector to build roads (LCCI - did it, did it work or fail?), run the ports (intels the home of corruption collect and refuse to remit payments to govt, they feel they should remit what they feel to the FG, they are even above the TSA account thing), gencos and discos AEDC and ekdc come to mind and (liberalization of the chains of power production and distribution and they lie they are privatizing or they have privatized whereas they liberalized some parts of the operation and monetized it for their own corrupt gains, imagine if on your street, you have money to buy 4 100kva generators, you are allowed to disable the wires supplying the street from one useless disco, and you supply the street power and charge the street, people on your street can come and say they don't want your services and I opt for another vendor if they feel they are not getting value for money, you would employ a lot of people and govt would regulate your pricing that is privatization another person can do the same or they can remain on the national grind etc) -, My mind of thought aside, we are all getting it wrong - govt need to be in business to get taxes, why would an average business man want to pay taxes when he has not benefited in anyway from the govt? Imagine this, you don't invest, but you want to collect taxes from those that borrowed money to invest! - we are still playing until we realize that govt need to create industries privatize these industries, deepen the length and breath of the stock market by selling the shares on the floor of the stock market create haulage companies standardize the weight of cars that ply our roads so many things, collect taxes from both the employees and corporations, create a real estate industry and not the charade that the FMBN is doing consuming all the funds meant for building houses and they continue formulate stupid PMI policies, while they are still the ones bankrolling the PMI's, we should be building houses like the jakande era, and not selling estate land to a few people that would build and sell at prices only a thief can afford N40m, N70m cheapest N15m, we need porter-cabin houses container houses on 80sqm of land, with a stipulated time frame for those that buy it to remodel it, using bricks/blocks and they should not cost more then N1.5m, they should be given to graduates so far they have their certificates to back it as security collateral or even at cheaper rates, which are accessible if possible, the bvn should be used to track the few that want to buy and reseller to others, in most countries we make reference to these houses are abound from the US were they use wood to build in the heart of town, to Norway and finland, for those that want to build mansions they should move to the outer area or fringes so as to spread development, in the UK they still have the council flats- that is govts involvement in housing - chinese provincial councils are building real estate high rise buildings for their citizens none stop, india is doing the same - we just have to turn things on there heads and depart totally from our known oppressive and corrupt ways

chibbyRJ:
[img]https://rejoiceboysblog.files./2019/05/2019-05-28-07-53-53.jpg?w=768&h=381&crop=1[/img]

Nollywood Actress Cossy Ojiakor lost her mother to the cold hands of death. She shared pictures of her mother via her Instagram page with a caption:


[img]https://rejoiceboysblog.files./2019/05/2019-05-28-08-03-48.jpg[/img]

[img]https://rejoiceboysblog.files./2019/05/screenshot_20190528-0749432.png?w=301&zoom=2[/img]

[img]https://rejoiceboysblog.files./2019/05/screenshot_20190528-0749122.png?w=301&zoom=2[/img]

SEE PICTURES:
Here=>>https://rejoiceboysblog./2019/05/28/actress-cossy-ojiakor-loses-mother-photos/

abeg O which programme or film has she acted in? apart from semi porn

budaatum:
And governments duty is to create an enabling environment where private venture can thrive.

You see this notion Govt responsibility is to create an enabling environment, is said to make govt pass the bulk and responsibility to a supposed private sector that is bleeding from a killed middle class, and lack of funds finance to run business for 2 reason high interest rates and tenor of repayment, bearing in mind that the middle class is the engine room of commerce - we are not even a capitalist state, as far as I know, we run a mixed economy, so how then do we say govt responsibility is only to create an enabling environment? - what Exactly is the definition of enabling - policy formulation only?, but then income from sales of crude oil goes to govt and not the the same private sector? Don't you see the contradiction

!i don't know if foreigners don't tell them enough but south easterners' I am sorry to say and it is not in my place to cast this aspersions, but the truth has to be said sometimes, you guys are a terrible lot - once it doesn't benefit them, tear the person down by all means, once it benefits them - he was the best thing after rice and dodo- even if they give you people all you would still not be Satisfied

Tessyama1:
Billionaire Onye Eze and relationship blogger, Blessing Okoro have put the fake house ownership  social media drama aside, to makeup.

This is coming after Onye Eze arrested Blessing and made her confess to who the actual owner of the house she claimed was her is.

Here is a video of them drinking together here; http://www.amagitesblog.com/2019/05/onye-eze-and-blessing-ceo-drinking-together-after-her-arrest-video.html



Cc; Lalasticlala

A human being would wake up put a bicycle chain around his neck and wear hand beads - where the hell, did he get the money from? To crown it who is interested in knowing them? How can someone that doesn't have the title documents to a house want to claim the house? Nonsense group of people

budaatum:
You'd have to accept my apology. If I'd thought you thought you knew it all, I would have refrained from engaging you on this. I saw promise, despite the errors, and felt you'd be interested is why I bothered, and I'm insisting your op requires further research. Government the world over sold off its SOEs because of the inefficiency of government running businesses. Just observe the running of local governments, ministries, and states even, SOEs in intent and purpose, to understand the inefficiency in government run enterprises.

Union Bank was never an SOE. It was a foreign owned bank that was indigenised in the 70s when Nigeria passed laws that foreigners can not hold majority stakes in companies in Nigeria. That act (a form of deprivatisation and creation of SOEs), killed off Nigerian enterprise by the way.

A survey of companies that were state owned in Nigeria clearly shows they tend to gobble up more money than they produce. And if you bothered to do your research you'd find only a few out of the many SOEs functioned well in the first place, not to talk of having any worth once sold off.

The interest of Nigerians is the interest of Nigerians (funny as that may sound). You're more likely to run your business well if you owned it than if it was part of some national cake. Just check how more hard working Dangote and Otedola's staff are and compare them to those employed in any government ministry. The government does not need to own the company before minimum wage et al is paid, they can pass laws and police it and heavily fine those who violate it instead, it's what is done with banks.

Well I have seen this before-

budaatum:
Link to "having any worth" in above.

https://www.proshareng.com/news/Nigeria-Economy/Only-10-privatised-firms-are-doing-well,-says-BPE-/7585

I have monitored a lot of them for years, the use of SOE's was not to say govt should continue to run them after establishment - no!, but to show it was established by govt for example, since the cbn was established the only stake the federal govt has is what they use in nominating the governor and 2 deputy governors all the other members of the board are bank reps and etc, which means they have to render their accounts to the banks as player's and regulators in the finance sector.

Be that as it may, I personally feel we have to create viable chains of sustainable industries, and jobs - the private sector as is now, cannot sustain or build this because they have to raise the funds to do this, innoson borrowed money to start and till tomorrow he is still repaying, while it could have been established by govt and he could buy majority shares in the same car factory, by now they would be expanding and employing more not the miserly 200-300 jobs, while they are under paid, the solution to our problems are with us and how we can tailor our own idea's to work for us - we have seen the pitfalls of the past, do we say the new strategy should not be adopted? Moreso how can organisations function in an economy like ours, where for every 10 start up businesses only 1 may survive, because of the harsh economic realities now imagine when industries are created and privatized from agricultural value chain businesses to processing companies and their shares are on the floor of the stock exchange - that is the point I am driving at, if Nigerian airways were properly privatised and not liberalized were other players come in and compete those that used corruption to bring it down would have been weeded out by the system- so also aerotropolis cities would have to been created with the right managers from the private sector - British airways is privately owned, but established by the UK government as our majesty airlines if memory serves me well

I thank God I no be igbo man - with all the infrastructure we see on television that okorocha has done, and the opening of roads you people are not satisfied bearing in mind the IGR of the state? I salute una - make una no vex, na pass I dey pass O!

budaatum:
Sorry dude. Your post had promise. You are stating the reasons SOEs ("State-owned enterprises, note, and not companies where government is a minority share holder), don't work, which is precisely my point. And you're using the likes of MTN, NB, GTB, Union Bank that were never SOEs, as examples.

Any business government owns will be killed by the incompetence of political appointments and graft. Study Nigeria Airways, both while it was an SOE and when the state was a minority shareholder, and you'd likely get my point.

I understand what you are driving at, but I am stressing this using this lame mans example benue cement was owned by the govt so also nigeria bags (similar to Nigerian airways and co) but when they were privatized dangote bought both including the sugar company of northern nigeria where are they today their shares are on the floor of the NSE, and they are better for it last time I checked their balance sheets and Eps they were doing well for the sector they operate in - AP was privatised and sold to otedola, who changed the identity and they are now Forte oil, same with oando that was formally unipetrol etc this is what I mean by creating an enterprise and selling it, all of these are examples that are working after creating them - less I forget union bank was once govt own, can't remember the name now during the colonial era, yes the others were not govt owned but I used them to stress the point of what real private management has done and can do after establishing these SOE's, further more I used the holding of govt stake to serve an interest in the welfare of nigerians if not they may decide not to follow minimum wage requirement, industry best practise by hiring and firing, the terms of service of employees maybe exploited or they could serve as a security risk and that!s the only reason why I said govt should maintain a maximum stake of 5% in them

budaatum:
I very strongly suggest you further research this matter. You are on to something here but bad facts are ruining it.

MTN was never an SOE, correct me if I'm wrong, nor does USA Government own or ever owned the arms or pharma industries They all began as private industries which the government buys from. And China is a special case that I'm certain if you understood you would not welcome in Nigeria unless you adopt the mentality of the Chinese first where graft is welcomed with your head cut off!

Nigeria has and has had SOEs - Ajaokuta Steel, Refineries, NEPA, NNPC, Nigerian Airways, Nitel etc - and we know how well they haven't done, even after privatisation, which was mostly to their cronies who stripped their assets and killed them. That precisely is the reason privatisation swept the world back in the 80s, the inefficiency of SOEs and in order to increase efficiency under private ownership, though some claim for asset stripping, just as has mostly happened in Nigeria.

You can easily prove me wrong though since we've already done what you propose. Name one SOE that was privatised that has fulfilled your dreams as stated here and see if I can't name three that just died for every one you name.

Your are getting it wrong MTN had South Africans as the shareholders, and that was why they were repatrating funds back to south Africa in times past and that's how ramaphosa the current president of S.A became a majority shareholder, that aside I used it as an analogy of the best way to manage a SOE.

2ndly I didn't say the American govt owned the pharmaceuticals, I said they invest funds heavily in them same with the defense industry. They even subsidize agriculture.

Hahaha I laugh when you say we have done what I propose, please what kind of privatisation are we doing in nigeria? Compare the way banks work and the way phcn works or compare nitel with the way mtn works - let me try and explain more, Nepa was privatised bah, but we only have one set of wires run the streets in your area when you privatise you should have the opportunity to choose which power company wire you want to take power from and even be able to switch between providers in your flat or house, just like glo mtn and airtel services, they own the infrastructure and you don't rely on available infrastructure - what we are doing is liberalization of the sector and not privatisation we are opening up the industry to various service providers in the sector. Eg discos they are not competing in the same space we sold management licenses to them for a period same with genco's compare that with private schools and the telecom sector, it's also like rice stallion, local rice and uncle Bens rice you can choose which one you want and the source you buy from that's privatisation.

Now why did our SOE'S fail, they were 100% owned by govt, (which I stated earlier) now imagine ajaokuta was completed and privatised and govt only had 5% stake for the purpose of nominating either the MD or chairman of ajaokuta and the 95% shareholding were owned by banks, and corporate individuals do you think ajaokuta would ever go under? Check out NB's today, check out GTB, even check out union bank.

Finally in a country were justice prevails and the right punishment it met out to people that commit an offence do you think we need to behead people like China for corruption? Example to do you know we don't have a law to try kidnapper's with? Now a kidnapper kidnaps someone today and collects N2m that is someone pension or gratuity after working for 35yrs - they go to court and the court gives the offender 7 or max 14yrs in prison, is that sufficient punishment when you compare 35yrs work for N2m and 3days work for N2m what proper jail term should be given to the kidnapper personally if it was allowed 35yrs would be my basic and flogging with hard labour would be my deterrent

budaatum:
You're entire peace is full of errors but I'll only point out the one above. It is not the duty of "govt to create industries, privatise them by selling it's shares"! The only industry government creates is the "political industry", and by golly have they not created enough of those. It is the responsibility of the people themselves to create industry, while that of government is to create an enabling environment, I'll have you reconsider.

Nope you are wrong there in China they have SOE'S in nigeria in the early 80's we had SOE'S niger dock, Nigerian airways etc but what was the challenge, govt owned 100 stake in them meaning it's nobody business but if it were privatised like mtn and Co the shareholders would have sufficient leverage to dictate who becomes what or who is appointed to where- same with the way the CBN is being run - so in as much as you may feel it's not govt to be in business then it's not govt responsibility to provide roads, power, schools or hospitals because they are also business ventures - to drive home this point the American govt invests in the defense industry of the U.S by given out funds to hard ware manufacturers same with pharmaceutical industries and production of drugs, and etc so don't get it wrong - don't even think like a Nigerian

After watching the various down turns of the economy - and the wealth of experience at the beck and call of the presidency - I find it funny to understand why the solution to our problems is so difficult for them to come up with, it's either incompetence they are all paper degree holders without practical knowledge due to the length of disjointedness from the realities of the everyday life of an average Nigerian, or maybe it's sheer wickedness - let us keep them poor so they would be subservient to us,

Now, basic economics has thought us that the economy is divided into 3 classes the upper class - middle class and the lower class a pyramid for any type of economic balance - it forms the tripod on which any economy works and is stable - but what has been the economic policies of this administration, their policies have been skewed towards the well being of the upper class and a faulty lower class, forgetting the the bulk of the work force of any nation fall within the middle class (lagos state is a typical example) - now what are the seeming characteristics - we all know, or economist know the features, but how are these features fueled - simple by services and contracts from the private sector and public sector.

So funny is this matter that I term it a serious issue, these class of people are those, an ardent admirer and one of my mentors from a distance (the V.P of nigeria) calls the rent seekers, the mistake the economic handlers have made so far, it's painful that they have simply killed the middle class, in a bid to create growth from the lower class, through agricultural and rural economies, but they forget that those that would ride the facilities are in th e middle class and in doing so, they have made the lower class feel the pain of lack which is normally cushioned when funds are extended to them during periods when they have to wait for the maturity of the same farm produce, the policies have sent so many middle class people into the lower class, if not all of them - bank loans, piling health bills, dependents fees and feeding to mention but a few are becoming difficult to bear, to make matters worst what is wrong now, seems right and what is right now looks foolish, (the fight to lay the blame of yahoo yahoo on colonial powers, when what we should all be doing is fighting crime)- they then went into the most unproductive economic policy of trying to create an economy around N20b for the lower class, which would have been so successful if the middle class existed - what should have been the right manner to save the country and get us out of lurking ghost of recession, (because like I have said severally, recession is on break because of the slight rise in the value of sales of crude oil).

To the matter at hand, what is the solution? - like they always say it's not govt business to be in business is ludicrous, false and a lie from the pit of hell, majority of the income used to run the economy comes when the FG income, when they spends- so why then shouldn't it be the govt business to be in the right structured business, is there anything bad in having SOE's, especially if we have a well developed Stock market?

It's the responsibility of govt to create industries, privatise them by selling a it's shares like the CBN hold minority stake, create employment that would lead to pensionable jobs with health benefit in all geographical zones of the country if we are to solve our problem and reduce the level of insecurity, need I say more let me leave it here for now

Islie:
‘Many don’t understand our functions’ — Lawan defends N13.5m running cost for senators




https://www.thecable.ng/many-dont-understand-our-functions-lawan-defends-n13-5m-running-cost-for-senators

Which nonsense function? the basic things that would leave a better nigeria has been thrown to the dustbin and imaginary functions have been developed for themselves, to justify collecting allowances for none existent oversight, what are the oversighting O! - ordinary legislation on power removal from the exclusive list to the concurrent una refuse so you would say you are doing oversight of tcn - I doubt if there would be any difference in this lawan lead senate O!

United4greatnes:
The President and founder of Omega Fire Ministries, Apostle Johnson Suleman is now an owner of an helicopter a month after the acquisition of a private jet went viral on social media.

The news of the helicopter ownership was announced by Obi-West Utchaychukwu  a spiritual son of the man of God and an ardent defender of the body of Christ in Nigeria.

With the helicopter, the intinerary of the most traveled evangelist of our time will be much easier. He would not have to drive from Benin airport to Auchi again.


https://www.diasporareporters.com/apostle-johnson-suleman-acquires-helicopter-a-month-after-his-private-jet-arrived/

And the madness continues make them acquire states join

Most of the time I no dey like to see your posts bcoz sometimes I feel they are biased but on this, chop knuckle -

[quote author= post=78747741]May it never be well with all the politicians that brought this Boko Haram issue to our country to meet all the issues we have on ground before.

May it never be well with anyone that used the money (over 2Billion US Dollars....700 BILLION NAIRA!!) meant to procure ammunitions for our soldiers on the war front to campaign for election sharing it to shady characters all over the nation, making them billionaires and multi-millionaires overnight.

May it never ever be well with all the politicians sponsoring Boko Haram and different kind of terrorism in this nation along with anyone that supports them.

They will all die miserably for all the pains they have brought to this nation, they can never escape it.
We won't mention names this time, let your conscience judge you, wherever you are.

And if this prayers nauseate you, may it never be well with you too, enemies of Nigeria.


RIP to our gallant soldiers.
We will win this war![/quote]AMEN AMEN AMEN

GoodofNaija:
No much difference between a zombie and a fraudster in Nigeria of today.

Is it your money that the supposed fraudster has stolen

When you lie too much and try to call black as white to deceive people, you are also a fraudster.

When you are blind to the video evidence of a looter but choose to be seeing invisible evidence of naira Marley, you are also a fraudster.

Or is the looter above the law

I swear the parents of the youths of nowadays saw corruption in a fine woman form and married it, now their parents should come and see what they have given birth too- abomination of all kinds - the response to this your submission, you would soon find - God always knows how to serve people when they least expect it - for the fact that you even called a serial fraudster and used him to justify your submission tells a lot of the place you come from and your upbringing - shameful - and again you see people lie about what they want to offer or can't offer and we choose them, does that makes them deceivers? Who is deceiving who? Are they the ones deceiving us, or are we the ones deceiving ourselves? with all the loss of right values and una think say it go take 48months to clean all this mess 20yrs we would still be on this matter

wirinet:
English must be a very difficult language. Some people just find it difficult to comprehend. Where did you see me supporting scammers? I stated that all the government is doing is eye service, just noise to make the world think they are actually fighting Internet scam. The mandate SARS and EFCC to go after some students, they then splash the whole print, electronic and social media with their faces, while the real pros go undisturbed.

The devil would not die well if he can die - do scammers have a specific character? You go to school and decide to scam people na book wey una parents talk say make them go read be that? So because they are students they have the right to defraud people of their hard earned money? - you catch thief and because he is a student they should not be put on the front pages of newspapers - magu sef dey pity people If I were him, I would pay for airtime on BBC, Aljazeera and CNN and publish their faces let the world see the faces of fraudsters people that their parents didn't teach the difference between what is good and bad

wirinet:
You guys do not understand why the government is doing all those things regarding yahoo yahoo boys, it's eye service.
Let me explain;
The activities of Yahoo yahoo boys was causing great concern to western governments as lots of their citizens were losing money, some going into huge debts, so their government pressured the Nigerian government to take action or receive sanctions. At one time Nigeria was blacklisted by banks and financial institutions around the world of not doing enough to curb money laundering. Even when Buhari met with trump last year, the issue of yahoo yahoo was raised. So the government has to give the impression to the world that they are fighting international fraudsters.

Thunder fire devil O! Eye service kini? Because you don't travel or work in the financial sector bah? An average togolese is respected more then any nigerian- because of fraud - you want to be reckoned and treated as equal with citizens of other countries yet someone from your country has just scammed the brother or sister of the said person, you sit beside on a plane to the persons country - you go to Charles the gulle airport and because you are Nigerian you have to pass through another checking and you support it? The way you support those that scam you would also experience it- affecting which country, they defraud people and also use the same money to buy goods from the same country and you say it's affecting them - what level of myopicity is this sef!

Askme8:
but it is an offence to own a Mercedes ml350 in your flat with a laptop. People don't have right to own cars,laptop and good phones again? If those boys are called frraudlers because they don't work, I ask again what is tinubu means of lively hood that warrant him to be going about with two bullion van? Is he dangote, or is he mark zuzu, if he is not also a fruadler. And u are a fruadler and a support of a fruadler too

A fraudster is a thief, the difference between a fraudster and an armed robber is one uses a gun the other uses a laptop the similarities between the two are too much to mention - they lie to collect what others have worked hard for, with laptops -the armed robber uses his gun to forcefully collect what you have laboured for - an armed robber kills and fraudster drives his victim to suicide - but come to think of it, why should anybody be apprehensive of parking or owning a good car laptop and a good phone, if he doesn't have anything incriminating on them, guys work in chevron and addax oil and have all these things are they hounded by the law? I may not have a e350 but I definitely have a good laptop and a phone - why am I not hounded - bottomline a yahoo boy is a fraudster and a fraudster and a fraudster is a thief -plain English

Askme8:
your statement mention dangote, at least u know dangote as a successful business man around Nigeria Africa and even the world. The entire globe knows him for his numerous business enterprise. So if he Carry's 100b USD in a bullion van no will question his source of wealth. What is tinubu means of lively hood that gave him all those money he his carrying about with 2 bullion van? As a former public official for more than twelve year now how much was his salary. Brother if u are not a thief u will not be comparing dangote and tinubu together.

Wrong again mike adenuga was hounded by the obj administration for doing the same thing and he ran away, moving large volume of cash - he went to stay in Ghana for a few years, it's simple declare the reasons for the money apply to the cbn for clearance fulfill all statutory conditions, by declaring the source of the money and a bullion van would be used to bring what ever you want to where ever - that's what the law says

tendingNews:
"When A Rich Igbo Man Comes To Your Party": Billionaire Igbo Man Throws Bundles Of Money At Event (Photos, Video)

A video of an Igbo young billionaire throwing bundles of money at an event has gone viral and got Nigerians talking.

The man who has chains of investments across Nigeria was spotted at event throwing bundles of money as if money meant nothing.

The trending video has got people amazed and talking.

One of those that reacted to the video said:

"When a rich Igbo man comes to your party!"

Find out who the man is and watch the trending video

Source: http://www..com/2019/05/quincy-nippon-spotted-throwing-bundles.html?m=1

This same dude again? Any money you work hard for you don't spend like this

Hitgistnaija:
Newsbroadcastnaija:
Being over concerned with the way things are going in our country Nigeria, the senator directs a question to the EFCC over the investigation of people's wealth, while the masses were poor looking for money no one investigated the source of their poverty so why investigate the source of his wealth, because if that becomes a factor then it simply means the government that it's not even ready to help the rate of unemployment in Nigeria is now against people becoming wealthy.
He said, “what is wrong with people, you make money they'll want to investigate the source of your wealth, when they were poor, did they investigate the source of their poverty ”.


See more: http://www.newsbroadcast.com.ng/2019/05/dino-melaye-slams-efcc-over.html?m=1

Please can someone interprete the nonsense this man is saying to nigerians? As a public servants where did you make this money? You turn around and say govt should investigate why people are poor - does this make sense at all?

GoodofNaija:
You are the one whose argument is bias and suspicious. You want to be interpreting the same law in different ways for different people as it suits you.

What is the probability that they have evidence for these ones they are currently accusing him for of which you are talking as if you are party to the case.

Anyway don't try to divert attention from the subject matter

The subject matter remains: What is your oga doing with bullion vans of cash in his house on the eve of elections

Your defense lines for him are below expectations

Iet him prove himself in court, or is he above the law? - bolded

2ndly, whatever he likes let him do with bullion van in his house is it your money? That's If it was filled with money? Or Is it an offense for bullion vans to enter someone's house at any time or period of the day? Any other thing you write is your own imagination, opinions are free, facts are sacred - until you can prove or justify it, your presumption remains your opinion

GoodofNaija:
There's no low that some of you people will not
go to defend your paymaster.

For your education, cct discharged and acquitted saraki, why is EFCC still after him? Why should your oga own be different that he will be untouchable?

I am sure if they ask you, you will try to tell us how alpha beta was part of the asset he declared before becoming governor.

If not that you are mischevious, how will a private citizen be given clearance on the eve of election to carry cash in bullion vans

You still need to go learn your zombie work well.

You see anything to justify your narratives as usual - especially the use of the word paymaster! How baffling can it be sometimes when people twist and turn even when they have a flawed position on issues - how I wish I knew BAT one on one - that aside, stop mixing issues and putting everything into one size fit box saraki was accused of false asset declaration he turned a simple matter into a jamboree just like Dino! For lack of evidence that issue of false asset declaration was thrown out- the current issue is acquisition of assets and misappropriation of state funds while in office as governor which is a criminal offense, as well as misappropriation of senate funds - how can a man wake up and pay allowances to senators to the tune of N14m every month without the approval of the RMFAC that fixes salaries wages and allowances for civil servants? And you compare it or even try and use it as a justification of your argument- As we speak they are owing Nass civil servants salaries and proper allowances - who do you think would have been the petitioners to efcc the fg or Nass staff

truthstands20:
Is this the train coaches APC has been bragging all over the nation on their fake railway projects! What a disgrace!

See the problem we have in nigeria, people refuse to read research and improve on their knowledge. - the standard Gauge and narrow Gauge are they the same thing? NRC that PDP sold was on the narrow gauge and that is what they have been using to pilfer Our common patrimony for years no country does locomotives that fit the narrow gauge again, the current trains like the Lagos Ibadan abuja kaduna, are all on the standard gauge meaning high speed trains can be placed on the same rail tracks when we have money to acquire them simple

GoodofNaija:
Stop fooooling around!

Was BAT not a former governor.

Does the money laundering act not prohibit carrying cash in excess of certain amount for any citizen, let alone on eve of election.

With all the video evidence, you still have gut to be defending your looting master.

The ones that they have been houndng, where's the video evidence?

Better go back to your village to be fooooling them!

Did he do his statutory declaration of assets before and after, if all was done then if he did steal the anti graft: agency no matter the time would find it and deal with him there is no statute of limitation to a criminal act or offense, so leave your personal bias and face facts, the truth is, the said bullion van was it moved to his house during his tenor as governor? How many years ago did he serve in public office? How many PDP govts have probed him and found nothing against him? Even the cct that went to take his university student account that he forgot to close, and wanted to use it against him- what came of it? You all just mis-interpret!e the act to suit your narratives, there is a low down of the necessary requirement to adhere to, if you want to withdraw any amount as you can see bullion vans were used to carry the money to his house meaning the CBN is aware and all necessary requirements were fulfilled