Ibime:


Maybe Dangote was roundtripping the 450 rate and selling for 800, that's the only way he could pay off loan without refining

liveLongNprospa:


This issue.

Would it be possible to review her cases?

liveLongNprospa:


More on this issue of our appeal justice who is influenced by orgasms.

Guess who got favorable judgement from her.

OH yes you got that right, our current SP.
Akpabio 😌


So again.. What are the consequences for these things?

3rd image is a reminder of what the husband said in the senate

Segedinho:

Guy...use ur sense for God sake....we are Nigerians and we have every reasons to fear...

You just don't have to display your "insults"on what history have taught us....

Many might support obi but we have every right to reason right for once..

This isn't about obi or BAT.........it is about Nigerians experiencing her nightmares..

Nigeria Air isn't talked about anymore...what do you think would be the repercussion of the scam in wherever you are

Come on

Segedinho:

Guy...use ur sense for God sake....we are Nigerians and we have every reasons to fear...

You just don't have to display your "insults"on what history have taught us....

Many might support obi but we have every right to reason right for once..

This isn't about obi or BAT.........it is about Nigerians experiencing her nightmares..

Nigeria Air isn't talked about anymore...what do you think would be the repercussion of the scam in wherever you are

Come on

Ibime:


Maybe Dangote was roundtripping the 450 rate and selling for 800, that's the only way he could pay off loan without refining

BlueRayDick:


I had to go back and read the news about Dangote paying back over 70% of the loans advanced to him for the construction of the refinery .

I think Emefiele is responsible for the confusion surrounding the Finance of Dangote’s refinery and the loan repayment .

Reading the excerpts in the screenshot below , I think Dangote actually borrowed from local commercial banks , he channeled the funds to the refinery construction but was servicing his loan from other business earnings like Dangote Sugar , Dangote Cement , Dangote Fertilizers etc .

So basically I’m assuming Dangote group the owners of Dangote refinery sourced for funds locally and abroad ; then Dangote group has been repaying those loans from earnings from its many subsidiaries .

Emefiele just opened his mouth waaaa ! didn’t make any clear distinction to people who don’t have deep understanding of these things saying “ Dangote refinery has been repaying it’s loans even when it’s not yet in operation” . now everybody is wondering how a company that is not yet in operation can afford to pay back loans taken to set it up .

OasisX:




.....out of respect, I will let the first line slide. But once again, dem don see food chop.

Segedinho:
Thanks and sorry if I typed with emotions but it is as it is..
..what is government without criticism

And to cap it.. these activities/atrocities being commited will always be repeated cos there ain't no repercussion whatsoever....

I asked again...would this slide in your country of residence


This isn't about "food to chop"but how true it is...


Does it required investigation and repercussion

Why must d end point be suffered by d already damn poor and average Nigerians?

liveLongNprospa:


She was also the judge in charge of Hope Uzodinma's famous 4th place ruling😌😌.

Larride what say you?

liveLongNprospa:


Lmao.. Which kind profit Dangote see from e other businesses with investors to get 6billion dollars.

Okay let me reduce it to 3 billion dollars😁.

BlueRayDick my brother😌

nihilistjnr:


Bruh I don't know if you read what I wrote or even know how to read.



The tax you pay for healthcare as NI contributions is separate to what you pay as Personal Income Tax.

The tax you pay to maintain roads in the UK is council tax, which is different to the tax you pay to drive on the same road which is road tax.

You inherit property, you pay inheritance tax. You sell the property, you pay Capital Gains Tax.

That's at least 6 different taxes that you pay as an individual in the UK.

You now want to compare that to a country where 72% of all employed eligible taxpayers did not give the federal government a single kobo in tax in 2018.

Where is the funding for healthcare supposed to come from? The sky?

nihilistjnr:


This is one reason why politicians don't mind stealing money. There isn't enough in the kitty to do anything useful without borrowing. Nigerians have low expectations so they don't pay tax. That suits the thieves just fine as they can loot in peace without having to honour a social contract

Segedinho:
Thanks and sorry if I typed with emotions but it is as it is..
..what is government without criticism

And to cap it.. these activities/atrocities being commited will always be repeated cos there ain't no repercussion whatsoever....

I asked again...would this slide in your country of residence


This isn't about "food to chop"but how true it is...


Does it required investigation and repercussion

Why must d end point be suffered by d already damn poor and average Nigerians?

BlueRayDick:


I will not speak of things I don’t know . Around 2018 I was privileged to see the loan documents of some top commercial bank’s loan to Dangote group .

As at then I knew the funds were disbursed and with a structured repayment plan well spelt out which required the Dangote Group to service its loans as at when due .

What I’m saying here is Dangote group got the loan and has obviously been servicing that loan to extent of its balance dropping to the figures emefiele quoted .

How Emefiele messed up was making the whole thing look like Dangote Refinery ( a subsidiary of Dangote Group ) has been paying back a loan taken for its establishment even when it has not commenced operation . We all know that makes no sense hence why u actually think it’s funny .

In lay man’s terms : Na Dangote know wetin him dey do for him other businesses to have been able to use proceeds from there to sort his loan payment for the refinery project . PS: If u ask him , he will ask u to wait for his autobiography to read the secret inside

Olowunl01:

Tax is a highly emotive subject; I just paid CGT with all deductible + small jara still ended up paying around 20% even though I am Non UK domiciled cos I sold off an apartment I bought many years ago due to too much wahala and how it complicates my tax filing here. I am also very annoyed at having to pay for private health insurance in the country I live now when I have paid atleast 2 decades of NI contributions.

I take data coming out about Nigeria with a pinch of salt; look again at the bolded statement and tell me how it adds up? Is it a failure of govt to collect it from the identified 72% or perharps it was collected unofficially or the figure is a mere extrapolation based on the population?

DissTroy:


You painted everyone from the South East as scammers yet accused another poster of being tribalistic by filtering the label to Peter Obi who is also Igbo.

It's like Blacks denigrating the black race as less developed and sub-human then baying for blood when people of other races soundboard same claims.

Make it make sense.

larride:


I asked you yesterday if you gave trouble reading, you actually saw it as an insult but walai it's not.

The way you keep confusing yourself because you want to make a point is something else hurriedly is something else.

Justice Bulkachukwu was not a Supreme Court judge, her jurisdiction is Court of Appeal. The court judgement that gave Hope Uzodinma the election was the Supreme Court and not Court of Appeal. Justice Bulkachukwu was not on the bench.

I dont understand your first screenshot because you are highlighting names of Supreme Court. Justice that ruled against Akpabio, so tell us Prosper, is it that the Court of Appeal is higher than the Supreme Court?

Your screenshot is saying something else and you are saying something else.

Let me give you free advise, try and do your own personal research before bringing anything you see on Twitter down here. It will save you alot of explaining something you don't understand

BlueRayDick:


I will not speak of things I don’t know . Around 2018 I was privileged to see the loan documents of some top commercial bank’s loan to Dangote group .

As at then I knew the funds were disbursed and with a structured repayment plan well spelt out which required the Dangote Group to service its loans as at when due .

What I’m saying here is Dangote group got the loan and has obviously been servicing that loan to extent of its balance dropping to the figures emefiele quoted .

How Emefiele messed up was making the whole thing look like Dangote Refinery ( a subsidiary of Dangote Group ) has been paying back a loan taken for its establishment even when it has not commenced operation . We all know that makes no sense hence why u actually think it’s funny .

In lay man’s terms : Na Dangote know wetin him dey do for him other businesses to have been able to use proceeds from there to sort his loan payment for the refinery project . PS: If u ask him , he will ask u to wait for his autobiography to read the secret inside

larride:
The argument about job to pay back the loan still dey funny me tbh.

Any body that takes the student loan will have to go to school for 4yrs or more depending on the course the person study, do nysc and still have another extra 2yrs before repayment starts.

For example, someone that takes the loan to study Accounting in University this year 2023 will only starts repayments on 2030.

Are you people saying in 7yrs time, the person that take the loan wont be able to get a job?

I'll like you people crystal ball sha.

liveLongNprospa:


Lmaoooo so. In the end even you nor know how e dey possible to come up with that money😂😂😂

BlueRayDick:


I had to go back and read the news about Dangote paying back over 70% of the loans advanced to him for the construction of the refinery .

I think Emefiele is responsible for the confusion surrounding the Finance of Dangote’s refinery and the loan repayment .

Reading the excerpts in the screenshot below , I think Dangote actually borrowed from local commercial banks , he channeled the funds to the refinery construction but was servicing his loan from other business earnings like Dangote Sugar , Dangote Cement , Dangote Fertilizers etc .

So basically I’m assuming Dangote group the owners of Dangote refinery sourced for funds locally and abroad ; then Dangote group has been repaying those loans from earnings from its many subsidiaries .

Emefiele just opened his mouth waaaa ! didn’t make any clear distinction to people who don’t have deep understanding of these things saying “ Dangote refinery has been repaying it’s loans even when it’s not yet in operation” . now everybody is wondering how a company that is not yet in operation can afford to pay back loans taken to set it up .

larride:


You don type too much, Prosper na Dangote group CFO so he knows how much they make and how they service their loan.

You no suppose dey entertain this kind of argument tbh.

larride:


Baba sha no wan pay tax. 😂

larride:
The argument about job to pay back the loan still dey funny me tbh.

Any body that takes the student loan will have to go to school for 4yrs or more depending on the course the person study, do nysc and still have another extra 2yrs before repayment starts.

For example, someone that takes the loan to study Accounting in University this year 2023 will only starts repayments on 2030.

Are you people saying in 7yrs time, the person that take the loan wont be able to get a job?

I'll like you people crystal ball sha.

Ibime:
.

It sounds funny to me. Businesses don't typically pay loans unless due, and logic dictates that the repayment dates of those loans will be tied to when the asset for which the loan was borrowed was supposed to start generating cash. This kind of loan will typically be structured over 10 years plus. Maybe the 20% NNPC cash injection was used for loan restructuring since the project was delayed

BlueRayDick:


Lolz …. In Nigeria things don’t usually work like u expect them to .

I will give an example of a popular lekki pastor who took a loan from a commercial bank to roof his ultra modern worship center . The loan is spread for a 4 years period and the loan documents clearly showed means of repayment as “ offering , tithes , special donations, pledges and special seeds “ .

The repayment of the loan is not even tied to what the loan is being used for . U will be surprised if the man repays the loan within 2 years cos his source of repayment ehn, miracle fit happen in form of crusade 😆.

I’m not saying Dangote is clean o, but I think whatever he’s doing to be repaying those loans , only him knows . I’m just for us not thinking it’s false he’s already repaying even when the lenders through the CBN confirmed he actually is repaying .

Ibime:


I'm not buying it. Dangote is good for foreign loans on foreign repayment terms anyway.

Let me get this right, if Dangote is worth only $13bln (most of it illiquid) and his refinery is worth $18bln, of which he owns $14.4 bln of it unencumbered, plus his other assets, who got their calculations wrong?

They should put electric shocks to Emefieles testicles, the truth will come out.