₦airaland Forum

Ogene001:
Mention one thing produced in Akwa-Ibom. Nothing

Not even crude oil?

Fingers crossed then

Nfora:
I am only responding to educate others. You are such a shameless person.

So empowering more people with N200million,irrespective of previous efforts, is not better than giving a politician N200million stolen money?

Has poverty been totally eradicated in Akwa Ibom?

The limit was only N1million,in the electoral act 2010 that covers 2014 and 2015.

Power to limit contribution to a Political Party
90. The Commission shall have power to place limitation on the amount
of money or other assets, which an individual or group of persons can
contribute to a political party.

Limitation on election expenses
91. (1) Election expenses shall not exceed the sum stipulated in subsection
(2) – (7) of this section.
(2) The maximum election expenses to be incurred by a candidate at a
Presidential election shall be N1,000,000,000.00
(3) The maximum election expenses to be incurred by a candidate at a
Governorship election shall be N200,000,000.00.
(4) The maximum amount of election expenses to be incurred by a candidate
in respect of Senatorial and House of Representatives seats shall be
N40,000,000.00 and N20,000,000.00 respectively
(5) In the case of State Assembly election, the maximum amount of
election expenses to be incurred shall be N10,000,000.00.
(6) In the case of a Chairmanship election to an Area Council, the maximum
amount of election expresses to be incurred shall be ten million naira
N10,000,000.00
(7) In the case of councillorship election to an Area Council, the maximum
amount of election expenses to be incurred shall be one million naira
N1,000, 000.00
(8.) In determining the total expenditure incurred in relation to the
candidature of any person at any election no account shall be taken of:-
(a) any deposit made by the candidate on his nomination in
compliance with the law ;
(b) any expenditure incurred before the notification of the date
fixed for the election with respect to services rendered or
material supplied before such notification; or
(c) political party expenses in respect of the candidate standing
for a particular election.
(9) No individual or other entity shall donate more than N1, 000,000.00 to
any candidate.
(10) A candidate who knowingly acts in contravention of this section
commits an offence and on conviction shall be liable in the case of –

I have been ignoring your invectives and outbursts but get this clear, your uncouth behaviour will not achieve anything.
I will not engage you anymore. Go and arrest the man make we see, since it is your money.
I hope you have empowered more people than the distinguished senator.

Nfora:
Very nonsensical and rubbish talk!

It seems you are a beneficiary of crook and criminal politicians. You give your last card of N200m to a politician abi?

A last card of N200million would have gone a long way in solving the poverty situation in Akwa Ibom, by empowering at least 400 Akwa Ibomites, with at least N500,000 for micro businesses.
1,000 people can still benefit for micro trading enterprises, at 200,000 each.



The electoral act 2022 is very clear:

88.—(1) Election expenses shall not exceed the sum stipulated in
subsections (2)-(7).
(2) The maximum election expenses to be incurred by a candidate at a
presidential election shall not exceed N5,000,000,000.
(3) The maximum amount of election expenses to be incurred by a
candidate in respect of governorship election shall not exceed N1,000,000,000.
(4) The maximum amount of election expenses to be incurred by a
candidate in respect of Senatorial and House of Representatives seat shall not
exceed N100,000,000 and N70,000,000 respectively.
(5) In the case of State Assembly election, the maximum amount of
election expenses to be incurred by a candidate shall not exceed N30,000,000.
(6) In the case of a chairmanship election to an Area Council, the
maximum amount of election expenses to be incurred by a candidate shall not
exceed N30,000,000.
(7) In the case of Councillorship election to an Area Council, the maximum
amount of election expenses to be incurred by a candidate shall not exceed
N5,000,000.
( No individual or other entity shall donate to a candidate more than
N50,000,000.
(9) A candidate who knowingly acts in contravention of this section,
commits an offence and is liable on conviction to a fine of 1% of the amount
permitted as the limit of campaign expenditure under this Act or imprisonment
for a term not more than 12 months or both.
(10) Any individual who knowingly acts in contravention of subsection
(9) is liable on conviction to a maximum fine of N500,000 or imprisonment for
a term of nine months or both.

Was this donation in 2022? Was this law applicable when the donation was made in 2015?
A politician gave his cash to another politician. He knows and has evaluated the risk. It might be risky for one who is not a politician to do same.
As for empowering people, I'm yet to see anyone who has done more than the senator in Akwa Ibom. He can spend his money as he wishes afterall he is number one in empowerment.

Nfora:
Foolish talk.

The law does not permit N200million donation from a single person.

N200million from personal savings indeed.


only a thief would have the guts to dash somebody N200million from a hard earned salary "savings".

For you to donate N200million from you salary "savings", you must have about a billion naira as total salary "savings" .

We have a confirmed criminal as Senate president!

It is very disgusting and shameful ,that people like you, would keep on encouraging and supporting criminals and criminality.

Which law is that, that limits the amount of money that can be gifted? Can you show us the relevant sections?
About having 1B to give 200M, someone who is not a giver can never give even if he has 100B.
A giver can give his last card.
I believe you have never given someone your last card before.

Praxis758:
No Nigerian law permits any elected political officer to run a private business simultaneously with the office he’s holding, so Akpabio should explain to us the type of business that fetched him that huge amount as a sitting governor.

Such an amount could only come from kickbacks, contracts inflation and state funds.

He said the money was from his savings from when he was an MD in the telecoms sector.
He did not just become a governor from birth. He worked in other sectors before politics.
It is possible to have that amount working in the private sector depending on the industry and your level.

"There will be no winners in a third world war".

Oh, amargeddon!

NIN and BVN was non-existent then.

The door to Mr President

Following...

Buhari that promised to use the Presidential fleet for Air Nigeria before his election in 2015.
He definitely has a hand in this mess.

Grooming

Somebody they were begging to off the mic that year.
Una for allow am talk whether e no go bring proofs.

monkey business!

Nonsense.
Something you can video and monetize on YouTube.
If you don't have videos of the aliens in your yard, you are not serious.

Impressive

Posting error. Inform your bank in writing.

AroOkigbo:
Price will be determined by the seller? So who prepared the template for prices across the countey that's currently in use?

Prepared by NNPC Ltd for their outlets only.

I remember when Jonathan wanted to end this subsidy, and I just shake my head.

Investor education is very important.
That is why we come here; to learn, unlearn and re-learn.

They would have better organised that 2M youths to go and vote.
Na wetin you sow, you go reap.

I don't like that part part on importing fuel. It puts so much strain on our scarce FX. Or will the companies source their own FX?

FoolishBoy419:
Of course. It's even ridiculous for him to expect that kind of loan but my point is that we shouldn't be quick to judge... Unless he's truly been a chronic gambler

Nobody is judging the guy o.

People who understand finance just performed a simple risk analysis( due diligence) and the credit rating showed that he is not credit worthy.

He or anyone else can pick some lessons from the interaction.

locodemy:
There is one 500k loan ready for me @ Acess bank based on turnover.It is on 4% monthly interest for 3 months.Pa Emma this one is also unsecured loan looking for who to grab it.

The guy can still get up to 5m unsecured loan if he talks to his account officer but the interest rate of 48% per anum is worrisome.

That is based on your cash flow. Banks also do cashflow lending but I doubt that this startup has any record. The startup may even be an idea in the promoter's head and looking for who to fund the "experiment".

And, your loan is not so unsecured in this era of global standing instruction in which the bank can debit any account with your bvn. The bank knows that even if your cashflow does not come to them , it will go to another bank and with GSI, they can still recover their money in case of default

Look to your personal savings, family, neighbours, church, social circle for support

Thazard:
please is it possible to borrow 5m from a bank without collateral for an agricultural startup (cassava farming) to be repaid in 6 years?

5M, No collateral, Startup (no experience), 6-year repayment period.

You have some boldness sir.
Goodluck.

You want to breach people's security

He only mentioned "Toke". You are the one adding "Makinwa".
Or are you saying there is only one Toke in this world?

Rubbish

yMcy56:
It has to.....at the right time....
Don't know why they kept keeping the price down....

Zenith don Waka reach 25...

GT 26.35.....26.50.......26.70.....
Be like say GTCO wan do +10% today oo

All of you wey we dey console that time, make you come dey drop consolation offering o.

Lol @ consolation offering

NL1960:
I just tried it and it work for me.

The abuse and criticism got to them. You can see that they had to go back to what Investment-One had.

They are still on probation to me sha. I will wait to see how the service works to determine if i will still stay with them or increase my funds.

I've been using that link since sometime last year. They sent it via email so I guess a lot of folks rarely access their emails.
The only thing is that the portal is not as updated as during the Investment One era.

You can still log into your GTCO funds management portal using the same credentials you used with investment one but via https://easyinvest.gtbank.com/#/auth/login