₦airaland Forum

Kalashnikov102:
I still have the phone with its original charger. Any buyer?

I go like buy pls, how much u wan sell

Mint A30 with cash nko

ehissi:
You try, cool down, read and understand before arguing.

First of all, nobody anywhere awards interest based on anything else other than the principal.

Second, interest is typically awarded annually. However, in this case, they have chosen to award it monthly. In this case, 3.58% monthly on the principal.

In the case of the example OP put, a loan of 900,000 attracts interest of #32,200 monthly (and not annually), being 3.58% of the principal.


Third, only a naive person will expect defaults, people who get cars, on hire for taxify/bolt or Uber pay at a higher premium and they don't default, except where laziness or circumstances beyond their control occur.

A typical taxify/bolt/uber deal bears interest rate of between 100% to 250%.


I have seen someone offer me a ride that is ordinarily worth no more than #1,000,000 - a clean 03/2004, Nigerian used Toyota corolla - and is asking for weekly pay of #30,000 and want #2.8m. That is #180% interest.

A look at OP's offer, show that a loan support of #900,000 from them sees you paying #1,286,640.

That is #386,640 interest. Which is a total of 42.96% annually.

Yes I must admit, that 42.96% annual interest rate is high for someone who wants to buy a personal car.

But For hire purchase for Ehailing business, that is bloody cheap.

Thank you, I really appreciate this, I felt i was the only one seeing the high interest rate. Thanks once again

ehissi:
Bros, he said it is 3.58% monthly interest and not annually.......

And the interest in on the monthly anticipated pay by month....

Which wan is criminal again, abi you na Nairaland SARS........

Oga try to understand before posting, the interest is not on the monthly installment, the interest is on the the total amount left after the down payment, and the same interest will be paid every month till the whole principal is paid. At the end of the day the total interest paid will be almost the same as the loan taken which is too much to fathom.

decoolseun:
It is a fixed 3.58% interest Monthly sir, doesn't change....
Upfront payment can be higher than 10%, u may decide to pay 50%, upfront.
Repayment plan is 12mths, 18mths or 24mths...

Please u are not charging 3.58% . If u are actually charging 3.58%., then it shouldn't be 3.58% OFBTHE REMAINING AMOUNT EVERY MONTH. what u should do is get the total remaining amount, calculate the total interest of 3.58% of the total remaining amount, them divide the total ko of month the payment is to be made. NOT THAT U WILL BE COLLECTING THE 3.58% OF THE TOTAL REMAINING AMOJNT EVERY MONTH. AND STILL BE CLAIMING LOW INTEREST. U PEOPLE ARE FRAUDULENT

Is this laptop still available.

decoolseun:
I don't see any shady deal here , if you tell apostle he will tell u that there are different ways to solve maths....

Different way to solve math and u are claiming 3.58% interest, when what u are actually collecting is 42.96% of the principal amount.

almost half of the money borrowed is paid as interest, and u are still deceiving people with 3.58%

decoolseun:
Cost of car is 1M
10% of 1m(100k, you pay to car dealer)

900k loan for 12months

1m - 100,000 = 900,000( the company pay to car dealer)

The car dealer is now fully paid 1M I.e 100k by you and 900k by company)

The company as loan you 900k the
interest rate is 3.58% Monthly

900,000 × 3.58% = 32,220 (interest monthly)
900,000÷12= 75,000 (principal monthly)
interest + principal (32,220 + 75,000= 107,220)
#107,220 Monthly payment
107,220 × 12 = #1,286,640
In 12months you will pay #1,286,640

I hope it's clear now...
Happy Sunday

Oga this your calculation of the interest to be paid is criminal. It simply shows ur Chinese people are not being sincere. If the interest they are charging is actually 3.58% as claimed, them they are supposed to calculate it once on the total cost of the vehicle and divide it by the no of months the loan is fo be paid. That way we are sure they are actually charging 3.58%not to be paying 3.58% of the total cost if the vehicle every month that will amount to 42.96% of the total cost of the vehicle.
This is simply shady, apostle must hear this...

1.1m cash ready

santopelele:
still expecting my own return, just last Tuesday, after withdrawing 5k with my ATM, I don't know how possible they removed 456 naira from my account and still charge me additional 35naira for ATM withdrawal.
i am still warming up to sue access bank, they must tell me on what account and reason they remove 456naira and they didn't not even show me the alert of why they remove it

It's for the SMS alert u have been receiving, or u think it's free

Ephrainol:
Please at the NYSC number column, which of the number in our NYSC certificate are we going to write?

The one that has a letter proceeding it be it A or B, denoting the batch u belong to

kernniejay:
Haters you are all welcome, I have been waiting to see your comments, why are you guys late?
Cc: phemsie, doggedfighter, slimjohn2k5,
And all that may still wish to join the hate crew…

What is there to hate about you? We are only being realistic here. If u are offered such for the price u want to sell, be truthful to urself, will u buy?

1.5 million . Do we have a deal?

doggedfighter:
Are you sure the 220k is for that car in the picture?

I don't think so...

Definitely the OP cannot be so cruel to request for 220k for this pile of metal

The site is just for expression of interest,. It is not a proper recruitment portal.
I believe a proper recruitment portal will be opened soon.

anonymuz:
He will be bailed out soon...1m. Mtchew

Even if he pay that 1 million, he will still spend 3 years in jail for forging official documents.

A final year student of Business Administration in a private university located in Ondo State, Fisayo Adetoro, has bagged 13-years jail term.

The convicted student was found guilty of impersonation, forgery and money laundering. Adetoro, who was said to be a first-class student with 4.5 Cumulative Grade Point Aggregate (CGPA), was convicted by Justice Folashade Olubanjo of the Federal High Court 1, Akure, in a criminal case filed against him by the Economic and Financial Crimes Commission, (EFCC), Ibadan zonal office.

He was originally arraigned on January 18, 2017 on a six-count charge, but pleaded not guilty to all the charges. He was alleged to have falsely represented himself as Bawa Mohammed Sanni to defraud his victims thousands of United States Dollars. Also, he was accused of using the fake name to register a Nigerian Driver’s Licence bearing his photograph, as well as laundering sums running into millions of naira.

The EFCC, represented by Dr. Ben Ubi and Sanusi Galadanchi, called five witnesses, including two victims of his money laundering activities, to prove its case, while the accused called three witnesses.

 

After evaluating the arguments on both sides, the presiding judge, Justice Olubanjo found Adetoro guilty in four of the six charges. He was sentenced to two years for falsification of documents and three years for altering official documents. The court sentenced him to five years imprisonment or fine of N1millon and the jail terms are to run concurrently.

Source:https://www.reubenabati.com.ng/index.php/component/k2/item/11278-first-class-undergraduate-bags-13-years-jail-term-in-ondo

 cc: lalasticlala

Bluezy13:
That's not Ass now...


Go Kenya and Boswana

u no even know anything sef, go south africa, u go see arse

OgbanjeProphet:
Oga if you know wetin good for you, just let that woman enjoy her marriage. You are the only one that can save her.

After my girl married, she would call, chat and text me. But I discovered that each time we talked or chat, she would complain about her marriage, young marriage for that matter. She used to like me and I like her above every woman I have met so far, even till now.

In order to save her and her marriage, I started blocking her numbers and her social media accounts. At first she was stubborn. She would call with another numbers or create new accounts just to get in contact with me.

So one day she asked me why I had suddenly hated her so much. My reply was that I never liked her in the first place and that she irritated me very much. And that was the last time I heard from her.

It pains me that I could send to her such hurtful text, but I did it to save her marriage.

The last time I asked after her from her younger ones, I was told she was doing very well in her marriage.

Because I love her with all my heart, I got to save her marriage.

So guy, save that young woman too.

This is the most sensible post i have seen, since all my years on nairaland.

Thanks so much

Guy where u dey na, I can relate to this experience.

The funny thing be say, at that point all your sense organs wil be running overdrive.

You can smell danger 5 km away

An Ikeja domestic violence and sexual offences court has sentenced Adegboyega Adenekan, an Ex-Chrisland school supervisor, to 60 years imprisonment for child defilement.

Sybil Nwaka, the presiding judge, handed down the sentence after convicting Adenekan of a lone-count charge of defiling a two-year-and-11-month-old pupil.

Adenekan had pleaded not guilty to the charge the Lagos state government filed against him.

But while delivering her verdict, Nwaka described Adenekan, as “wicked, conscienceless and an animal who is not worthy of walking on the streets of Lagos”.

“I hereby sentence Adegboyega Adenekan to 60 years’ imprisonment. This is the sentence of the court,” the judge held.

Nwaka said schools should not only be interested in economic gain but the welfare of pupils.

“Schools should not cover up teachers who sexually abuse children. Parents should not be carried away by aesthetics of schools. This case may just be the tip of the iceberg as a lot of our children are suffering in silence,” she held.

“Parents should be bold enough to confront teachers and school management because a lot of our children are suffering in silence.

“I advise or recommend that the education and social welfare ministry workers should visit schools randomly to give them a check.”

Seven witnesses, including the pupil and her mother, testified for the prosecution, which closed its case on March 14.

The defence called five witnesses.

The victim had told the judge how she was defiled by the 47-year-old supervisor of the school.

At the time the incident happened in 2016, Adenekan was at the Victoria Garden City (VGC) branch of the school.

Na wa for you o!

you were served fresh kitten on a gold platter and u still rejected it, wao! i doff for you, you are highly principled. forget what i wrote up there, I'm so proud of you. keep it up an you will go places.

yeepa our darling tacha has body aroma sorry odour.

o wo lakinyemi ara

These are trips u have taken in the past, thinking u were not billed.

stop confusing people.

Uber and Bolt has not been hacked

The Nigeria Union of Teachers (NUT) Chairman in Adamawa State, Comrade Rodney Nathan has debunked claims of a teacher raping a 12-year-old schoolgirl in Namtari.


The NUT Chairman also revealed that the schoolgirl was a student of Government Secondary School and the suspect was a primary school teacher in a village in Adamawa State. He further stated that it was too early for the Adamawa Police command and the Nigerian Security and Civil Defence Corps to conclude that it was rape as the 12-year-old student had keys to the the teacher's house as at the time of his arrest. 

 

He further argued that they were lovers for at least six months before it was discovered that the schoolgirl was pregnant.

 

The NUT chairman contended that “One cannot call a mutual relationship between a schoolgirl and her teacher who are mutually in love a rape case.

He added that the fact that the girl was “carrying a six-month pregnancy, (was) an indication that a long-term relationship had existed between the teacher and the schoolgirl.”

The NUT chairman asked, “At what point did the rape take place, was it six months ago, or now that it was discovered the schoolgirl is carrying a six-month pregnancy?”

 

He also blamed the girl’s parents and the village who according to him allegedly knew about the affair but did nothing to discourage it.


Source:
https://reubenabati.com.ng/index.php/component/k2/item/8722-teacher-didn-t-rape-pregnant-12-year-old-girl-they-are-lovers-nut-chairman

A Nigerian lady took to Instagram to vent out her exasperation of uncovering an incest act between her 37-year-old and 17-year-old cousins. 

 

Sharing screenshots of chats to back her claim, the Instagram user who seems to be an indigene of Ikwerre community of Rivers State revealed that her 17-year-old cousin denied the act when she confronted her. @AdaIkwerre also revealed that the punishment for the act in her community is death if cleansing is not done. 

 

Here's what she wrote below;

At least two of those Brabus are coming to nigeria, i can bet

I just hope it's not recharge and get paid thing.
Anyway I'm interested

blackboy:
PITAD is denying pensioners their pension because they do not have their 1st letter of employment and even after getting affidavit they do not have it. Pensioners of almost 90 years. A shame that political office holders can use affidavit to steal but pensioners can't use it to get their pension.
Pitad should simply say they are out to kill pensioners

You can imagine this.

what else can i say, when even the president can't find his FSLC but claimed its with the military council. but pensioners can't access their pension unless they produce appointment letters that were issued long before the people reviewing them were born