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Oluseg2's Posts

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Properties / Re: Which Is Better-Granite coated with Bitumen Or Interlocking Stones by oluseg2: 2:00pm On Apr 26, 2016
Still expecting contribution.
Properties / Re: Which Is Better-Granite coated with Bitumen Or Interlocking Stones by oluseg2: 11:39am On Apr 19, 2016
Still waiting for contribution.
Properties / Re: Which Is Better-Granite coated with Bitumen Or Interlocking Stones by oluseg2: 2:28pm On Apr 18, 2016
Still waiting please.
Properties / Re: Which Is Better-Granite coated with Bitumen Or Interlocking Stones by oluseg2: 4:31pm On Apr 15, 2016
Still waiting for contribution.
Properties / Which Is Better-Granite coated with Bitumen Or Interlocking Stones by oluseg2: 12:13pm On Apr 15, 2016
Dear Nairalanders,
Please I need your opinion on the above subject.
Which is better to be used between Interlocking stones and Granite coated with Bitumen (pupularly known as tarred) in a close located in an estate and measuring 650 meters long and 7 meters wide.
Also,
(1) What is the cost implication of the better option based on the dimension given above.
(2) What are the pros and cons of using any of the preferred option.

Thanks in anticipation for your contribution.
Autos / Re: Neatly Used Volvo S70 (2000 Model) - N400k (SOLD!!!) by oluseg2: 2:06pm On Mar 22, 2016
Neatly used I must commend. Though would have preferred something in the reange of 1.8L to 2.0L.
Please can it go for N300,000?.

Thanks.
Autos / Re: Neatly Used Volvo S70 (2000 Model) - N400k (SOLD!!!) by oluseg2: 2:03pm On Mar 22, 2016
Neatly used I must commend.
Though I would have preferred something in the range of 1.8L to 2.0 L.
Can it go for N300,000?.
Politics / Re: President Buhari To Address The UN General Assembly Shortly by oluseg2: 10:07pm On Sep 28, 2015
Soreza:
Mtcheww WORLD LEADERS DAY TALK U DAY TALK BUHARI, PUTIN, OBAMA AND CO ARE BEING WAITED, NIGERIA IS A JOKE OF A COUNTRY. Africans should go home develop your place with good leadership n earn world respect, just like PUTIN earned respect of the world for Russia till then Africa is a joke.
Have you developed your self? Must you type anything? A Joke calling his country "a joke".

2 Likes

Autos / Re: 2009 honda accord Registered For Sale Super Clean And Fresh by oluseg2: 10:10am On Sep 04, 2015
You mistakenly attached the Toyota Highlander pictures.
Jobs/Vacancies / Re: Entry Level Salaries Of Companies In Nigeria by oluseg2: 11:52am On Oct 19, 2014
[quote author=Iolo post=27094712]


I think you should try to understand where blank is coming from cause I have read some of both your posts and in many cases she is right except for the 13 month being a salary.

I won't necessarily say who I am but let's say that I've worked as part of a team that designed and developed a software that helps companies handle staff payroll in Nigeria.

To start with KiksAsso, I don't mean to demean your tax knowledge in any way but I think you have knowledge gaps on this. The applicable/existing tax law in Nigeria is called Personal Income Tax Act (PAYE or PITAM as it's also called) and it was last amended in 2011 to its present implementation.

Under the Pay As You Earn law, every employee is given tax relief only on tax exempt items and Statutory Deductions. Based on PAYE 2011, the only tax exempt items are statutory deductions and contributions by the staff towards:

1. Pension
2. Gratuity
3. Life Insurance
4. NHF
5. NHIS

Let me be clear and state that the intent of the law is that all allowances, basic salary, or whatever monies that are credited to a staff except for those stated above are taxable with the exemption of reimbursements which shouldn't appear on a Payslip.

Now I have explained the true intent of the law but as we all know, how the law is implemented is another thing. In my experience some companies use the Basic Housing & Transport alone while some others leave out a few allowances and bonuses.

As a payroll consultant, my standard advice is that all monies listed on a Payslip is taxable.

Most companies manipulate how much they pay as PAYE so they have a chance to under declare their incomes and pay less corporate tax or so that they can under-declare how much they pay in salaries on the Form H1 (P.A.Y.E Employer Annual Declaration and Certificate) they file to LIRS/FIRS at the end of each tax year.

I apologize for the typos. On mobile, it's late and am real sleepy. I hope somebody reading this finds it helpful.

#Edited for clarity. [/quote
Thanks a lot for the clarification.
But be that as it may, please don't forget that leave allowance don't appear on pay slip. Is it supposed to be taxed at the point of payment. I mean for an employee who will be due for his annual leave in November and the leave allowance is going to be paid in November, what should be the take home leave allowance if the gross leave allowance is N110,000?.
Thanks.
Politics / Re: Plateau Budgets N442m For Plates, Spoons by oluseg2: 7:25am On Sep 26, 2014
I find it hard to believe that a government will inflate the prices of Toyota LandCruiser and Toyota Corolla to the amount stated.
Toyota LandCruiser---------------N25m--
Toyota Corolla--------------------N7m--?
What a country filled with corrupt souls.
Autos / Re: A Toks Toyota Corolla 2005 For Sale.... by oluseg2: 3:02pm On Jun 23, 2013
goat leg: this should be 1999 or 2000 model, and nowhere 2005 model
You are also ignorant. How can you ever think that this will be a 1999/2000 model corolla?.
Once you are not sure of a subject matter, it is better not to say anything than to say something that will pull another person's post down.

There are better ways of even advising a Poster who might have made a mistake in his post to correct such mistakes.
Autos / Re: Reg 2000 Toyota Avalon For 400k @olanrewaju 08184834062,08026771839 by oluseg2: 2:34pm On Jun 23, 2013
This is not a 2000 model Avalon. Please modify post accordingly.
Politics / Re: Nigeria Police Create Bad Imagine For This Country by oluseg2: 5:36pm On Jun 22, 2013
mosho4all: Police station area A at ilorin,kwara state has turn to bank this days,as we are coming from party at princess hotel the police man stop us as us for our identification but unfortunately we didn't hold our student ID card but what surprises me there they having sex with girl's suspect before releasing them.nigerian should look into this matter.

As a student, where is the application of your understanding of present tense, past tense, and past participle in your post?.
Why are you doing this to yourself?.
Car Talk / Re: Train And Truck Collide In Lagos by oluseg2: 4:41pm On Jun 22, 2013
Either the Driver of the bus or the traffic controller working with NRC is at fault. One of them should definitely be punished for put
ting human lives at risk.

1 Like

Politics / Re: I'm Not A Fraudster, Says Ex-lagos Deputy Gov by oluseg2: 7:57am On Jun 22, 2013
House! I'm just begining to view this situation from another perspective.
To lawyers in the house comes this question.
"If a person or persons sell a genuine percel of land to another party, is it fair to ask the seller to sign an undertaking for a refund in a situatio where the buyer builds on a wrong plot?.
Politics / I'm Not A Fraudster, Says Ex-lagos Deputy Gov by oluseg2: 7:43am On Jun 22, 2013
2013-06-22 00:58:39

Former Lagos State Deputy Governor, Alhaja Sinatu Ojikutu, has maintained that she is innocent of the allegation of fraud levelled against her and her son, Samson.

In a statement made available to Saturday PUNCH on Thursday, Ojikutu denied that she and Samson obtained N130m under false pretences from the complainant, Mr. Cajetan Okekearu.

She claimed that the said amount was collected under genuine circumstances for the sale of a plot of land to Okekearu.

According to the statement, the said plot belonging to Ojikutu and her late husband, Sampson Ojikutu, is Block 4, Plot 24, Lekki Peninsula Residential Scheme, Phase 1.

It, however, accused the complainant of constructing on a wrong plot of land – plot 23 – which is the adjoining plot.

The statement, which was signed by Ojikutu's solicitors, B. Ayorinde and Co., read in part, "That subsequently, Mr. Cajetan Okekearu commenced construction on Block 4, Plot 23, Lekki Residential Scheme Phase1, the land adjoining Block 4, Plot 24, Lekki Residential Scheme Phase 1, whereupon one Afolabi A. A. Coker successfully challenged Mr. Okekearu's entry onto the land.

"It was after the events above that our clients discovered for the first time that Mr. Okekearu had built on Block 4, Plot 23, Lekki Residential Scheme Phase 1 instead of Block 4, Plot 24, Lekki Residential Scheme Phase 1."

Ojikutu maintained that she and her son had relied on the authority of a Letter of Administration (without a will) granted by the Probate Registry of the Lagos State High Court in 2010 with reference no PHC/2114/2010, "pursuant to which my aforesaid son and me are the administrators of my aforesaid late husband's estate, which includes the said land."

The statement further said that Alhaja Ojikutu had signed an undertaking to refund N130m to Okekearu, and had already paid N50m out of the said amount.

Also in the statement, Ojikutu's lawyers maintained that she had legal rights to the land as its joint owner, and therefore, had the prerogative to sell following her husband's death in 2008. It also denied that Ojikutu ever used the said land in any transaction prior to when the land was sold to Okekearu.

Earlier in the week, the Special Fraud Unit of the Nigeria Police had declared the former deputy governor wanted for allegedly defrauding a land buyer of N130m.

The SFU alleged that the suspect and her son, Samson, fraudulently obtained the money from Okekearu by selling a plot of land belonging to one Mr. Afolabi, to the complainant.

The police also accused Ojikutu of jumping bail and not willing to abide by the terms of payment, which should have had her completely refund Okekearu by November 2012.

Meanwhile, Ojikutu is away in the United States of America and so far, there is no indication of when she intends to return to the country, in spite of her status as a wanted citizen.

She directed all questions from Saturday PUNCH to her lawyer, Mr. Bolaji Ayorinde (SAN), who did not pick his calls or respond to a text message to his phone.
Politics / Lagos Ex-deputy Governor Ojikutu Wanted Over Alleged N130m Fraud by oluseg2: 10:53pm On Jun 19, 2013
[img]http://img1.nairaland.com/attachments/1163288_Sinatu-Ojikutu-360x228_jpg05ea61608681d888fb52569213aa3585[/img]

The Special Fraud Unit of the Nigeria Police has declared a former Deputy Governor of Lagos State, Alhaja Sinatu Ojikutu, wanted for allegedly defrauding a land buyer of N130m.

The SFU alleged in a statement on Wednesday that the suspect and her son, Samson, obtained money from the victim by false representation.

The Commissioner of Police for the command, Tunde Ogunsakin, said, “The victim alleged that in September 2011, the suspects conspired and sold a parcel of land at Plot 24 Block 4 situated at Admiralty Way, Lekki Phase 1, Lagos for N130m which he paid into the first suspect’s account with the Union Bank of Nigeria Plc.

“He further stated that after payment, he requested title document and Alhaja Ojikutu procured an affidavit of support to back her fraudulent claim, a police crime extract and a publication in a newspaper all purporting to loss of the original documents of title to the land. The victim believed her because of her personality as the former Deputy Governor of Lagos State.

“The bubble burst when the victim commenced development of the land and was on the verge of completion when the bona fide owner of the land surfaced and indeed it was discovered that the land the suspect sold did not belong to her. She actually sold Plot 23 Block 4 while Plot 24 Block 4 already has a property on it.”

According to police investigation, the land Ojikutu sold, did not belong to her, but to one Mr. Afolabi. It was also discovered that the Plot 24 Block 4, which actually belonged to Alhaja Ojikutu’s late husband, Samson Ojikutu (senior), was sold by him in 1995 and the suspect was a life witness and appended her signature to the sale of the land.

Ogunsakin said the suspect further perpetrated the crime by alleging that the original Certificate of Occupancy to the property was missing and swore an affidavit which enabled her to obtain a police report and memorandum of loss. She also put up an advert in newspapers that the original C of O was lost, whereas the original C of O was with the Hallmark Homes, the buyer of the property.

He said, “The suspect, who is a 67-year-old retiree from Lagos Island, allegedly connived with her son, Samson, who is currently in the United States to commit the fraud. The suspect and her son were parties to the sale of the land and both signed the agreement given to the complainant and obtained the sum of N130m from him.

“She admitted committing the crime but confessed that it was a genuine mistake of plot identification. She refunded the sum of N50m to the complainant and promised to refund the balance as soon as she disposed of her two properties she put up for sale. She also confessed that she had invested the victim’s money in her business.

“She equally made an undertaking and payment plan which was drawn from September, 2012 and was to terminate by November 2012, but she defaulted.”

Ogunsakin stated that the suspect was not willing to abide by the terms of payment and had jumped bail. He added that all attempts to contact her had proved abortive.

“The SFU declares Alhaja Ojikutu wanted. Anybody with useful information regarding her whereabouts should report to the Commissioner of Police, Special Fraud Unit, 13 Milverton Road, Ikoyi,” he said

http://www.punchng.com/news/police-declare-ex-deputy-gov-wanted-for-fraud/
Properties / For Sale: 1200sqm And 1330sqm Land @ Ikeja GRA, Ikeja, Lagos. by oluseg2: 2:19pm On Mar 28, 2013
Parcels of land measuring 1200sqm and 1330sqm @ Ikeja GRA, Ikeja, Lagos C of O N220m and N250m respectively.

For more information and inspection, please call 08082783328 or 08055262701. E-mail: eninoble@yahoo.co.uk
Car Talk / Re: Honda Bulldog 97 Model Excessive Fuel Consumption by oluseg2: 11:47pm On Mar 20, 2013
micklplus: 10 litres should give you about 62mpg according to the manufacturer ( HONDA)

For every 10litres, you are losing about 29mpg. Check you plugs. Is your thermostat in place. If your engine runs cold, you car would guzzle fuel. Is your 02 censor in place?

Thanks Mickplus. I recently replaced the spark plugs but I don't think the thermostat is in place now since the two fans have been connected on continuous rotation.
However, I will have to check the oxygen sensor as advised.

9icetoo: Does your car show any symptoms of being faulty? Does it give out black or white smoke when u accelerate? (you can tell a close friend to trail u and observe or u can park the car and have someone rev it slightly while u observe the tail pipe). Does it idle roughly? When u r stopped in traffic, where does your needle point to on the rpm instrument display? Answers to these questions might help us narrow down the cause of ur fuel issue. cheers. 2.2 is a small engine compared to what most cars come with these days. My 2.4 litre engine still does 19 mpg. I have a lightfoot by the way. cool

Nicetoo!Thanks for your contribution.
Actually, the car does not smoke and there is no sign of engine wear. The only thing I can confirm is that the vehicle idles roughly with the rpm droping to like 400 sometimes thus disallowing me from using the A/c.
My Mechanic had to adjust the engine speed few days ago and it's 1200rpm at idle. This I understand can result to high fuel consumption but the bottom line is that the problem of high fuel consumption has always been there even before he adjusted it.
What do you think might be responsible?.
Car Talk / Re: Honda Bulldog 97 Model Excessive Fuel Consumption by oluseg2: 9:27pm On Mar 19, 2013
ZIM DRILL:

if you cant understand what i said how come you can understand the figures you gave us?

Sorry! I thought I was talking to a responsible person.
Car Talk / Re: Honda Bulldog 97 Model Excessive Fuel Consumption by oluseg2: 7:39am On Mar 19, 2013
@ Zim Drill: Thank you for your response. Please can you be more explanatory? I really do not understand you. Thanks in advance.
Car Talk / Re: Honda Bulldog 97 Model Excessive Fuel Consumption by oluseg2: 11:18pm On Mar 17, 2013
Still waiting for comment.
Car Talk / Honda Bulldog 97 Model Excessive Fuel Consumption by oluseg2: 6:59pm On Mar 17, 2013
Dear Nairalanders!Please I need suggestion as to how I can overcome the problem of excessive fuel consumption of my Honda Accord 1997 model popularly called Bulldog.
The vehicle runs on like 10 liters of fuel for a journey covering about 35km( i.e
Akowonjo-Egbeda area of Lagos State to Oregun in Ikeja and back to Akowonjo) and this is really frustrating.
Please what can I do to remedy the situation taking into consideration the fact that the journey combined together takes like 3 hours due to traffic holdup?.

Below is the designed specification of the car.

Transmission: Lock-up/Automatic/4 Speed
Engine Size: 2.2 litres
Fuel Mileage(City): 12.4 Litres/100km
Fuel Mileage(Highway): 8.7 Litres/100km
Fuel Mileage(Combined): 10.2 Litres/100km[s]
Properties / For Sale: A Parcel Of Land Measuring 1300 Square Meters @ Isolo, Lagos State. by oluseg2: 12:54pm On Feb 21, 2013
A parcel of land measuring 1300 square meters, strategically located @ Ire Akari, Isolo with good title. N45m.

Interested? Please call 08082783328 or 08055262701. E-mail: eninoble@yahoo.co.uk
Properties / For Sale: A Parcel Of Land Measuring 1300 Square Meters @ Isolo, Lagos State. by oluseg2: 12:47pm On Feb 21, 2013
A parcel of land measuring 1300 square meters, strategically located @ Ire Akari, Isolo with good title. N45m.

Interested? Please call 08082783328 or 08055262701. E-mail: eninoble@yahoo.co.uk
Jobs/Vacancies / Re: APM Terminal Interview by oluseg2: 10:52pm On Nov 12, 2012
I can recall that sometime in 2008, I was invited for an interview by APM Terminals for the position of Crane Mechanic. I, alongside other interviewees was asked individually one similar question '' WHAT IS A TURBO CHARGER?.
I don't really know the position you applied for but I have decided to state this and I believe it might be useful to anyone going in for technical role. I want to believe the company attaches great importance to Turbo Charger since it is a major part of diesel engines that increases efficiency of machines.
Politics / Re: Femi Falana Threatens To Sue Dangote, Oil Companies Over Accidents by oluseg2: 10:11pm On Oct 22, 2012
I don't see anything wrong in Falana's planned action.
Some companies that are not as big as Dangote Group have insurance policies (I.e Group Life Insurance Scheme) which is made against death while in service. The compensation is paid to the recognized Next of kin in the eventual death of the employee.
Why should Dangote find it difficult to adopt this?.
Career / Re: Lagos Tax (any Tax Officer Inhouse Or Firs Staff) by oluseg2: 12:57pm On Sep 23, 2012
Thanks Jarus. Your analysis is quite indepth. I appreciate.
Jobs/Vacancies / Re: 15 Current Vacancies At PZ Nigeria by oluseg2: 9:38pm On Sep 19, 2012
I doubt if PZ is serious about employing people for the positions advertized.
I have seen similar advert from them over and over.
Properties / Re: How Often Does Your Landlord Increase Your House Rent by oluseg2: 1:29pm On Sep 02, 2012
Still waiting.
Properties / Re: How Often Does Your Landlord Increase Your House Rent by oluseg2: 1:29pm On Sep 01, 2012
Still awaiting contribution from other Nairalanders.
Thanks.

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