₦airaland Forum

koolib:
How these guys stay afloat in the business is still a miracle to me. I hardly see smokers of late

They export their products

.. a case of 2 BAT's!

I think say na BAT agbado

Jogs1900:
Their board and shareholders already approved it and made provision for it in their 2022 annual report.

Did you read what the person you quoted wrote?

He is asking what the offence was, for them to have paid swiftly, you're saying they approved it in their annual report

Yampotatocarrot:
Did you read what the person you quoted wrote?

He is asking what the offence was, for them to have paid swiftly, you're saying they approved it in their annual report

Whoever is interested in their offense can simply ask FCCPC .

ok

see money!

Gambling,alcohol and tobacco. If you're into these business and services, You will be rich. The turnover is always massive.

koolib:
How these guys stay afloat in the business is still a miracle to me. I hardly see smokers of late

Hmmmmmmnnn
Some of these companies do some other things in the background.
Most of them engage in dollar arbitrage & round tripping.
Some of them do forex trading for real.

Na person wey no know how him mate dey take make am,na him go run till he die.

coolcharm:
It's not about paying fines.
What did they do?

Don’t be lazy, just go read previous news

ikdaddy01:
.dem don pay now now, make govt abi FCPCCP come and confirm alert b4 one thief go carry am japa

Money wey don already enter private pockets

ikdaddy01:
.dem don pay now now, make govt abi FCPCCP come and confirm alert b4 one thief go carry am japa

Even if alert is confirmed it will still mostly end up in private coffers. What Nigerians can not do does not exist.

coolcharm:
It's not about paying fines.
What did they do?

Somehow the government has successfully covered them... whatever it is, the speed at which they paid the fine implies it very bad and I'm sure it affects smokers health.

This FG is desperately wicked 😭

These fines don't reflect on government incomes , who are those who take these funds?

LAXconfidential:
Money that will be relooted by Tinubu and his cronies while they tell their agbado supporters to be patient because Nigeria will soon turn into Canada

whi ch part of Nigeria u dey?

coolcharm:
It's not about paying fines.
What did they do?

They did nothing and received fine for doing nothing. I really do not understand your comment. So, the company that decided to pay the fine gave a free gift to the government? A simple search online would have revealed the reason.

Tobacco production and business is one of the most profitable businesses in the world.

Phillp Morris producers of " Marlboro" is the second most popular brand globally after Apple.

The pharmacology of nicotine in tobacco makes the herb the second most addictive drug after heroine. Cigarettes are highly addictive and indulgence cuts across all religious and ethno divides.

In the 1970's and 80's before advocacy and WHO reports on the environmental & health implications on smoking was intensified, Tobacco companies made staggering and mind-buggling profits from sale of cigarettes alone.

The margin on a stick of cigarette is almost 100% e.g cost of producing 1 pack is 0.49cents and sold at $1.46 on the shelf.

BATN produces for the Nigerian Market and exports to other West African countries with it's headquarters in Ibadan, Oyo State, Nigeria.

The fine of $110m if converted to naira with the current exchange rate is an excess of N120B and it's a significant amount.

Civil Society, opposition and the media should monitor this particular revenue so it can be put to judicious use and not just end up in the pockets of politicians.

The funds can be channeled to productive avenues by government.

Seunmsg should come and attack the owners of the BATN the way he always do whenever it involves an Igbo person's business

Paulpaulpaul:
People still smoke, I had the same thought line when my friend took a marketing job with a cigarette company in Ibadan. This guy was turning in 800k - 1m daily 🤔

He must have known someone that someone in that company
Their company is jus around that ibadan toll gate

They are well paid

Greenback:
Seunmsg should come and attack the owners of the BATN the way he always do whenever it involves an Igbo person's business

Point to one post where I attacked an Igbo person’s business. Just one.

koolib:
How these guys stay afloat in the business is still a miracle to me. I hardly see smokers of late

I worked with them for ten years, they make humongous amount of money from export and in the north, and as per nigeria lax tax systems they pay pittances as taxes, it's however a great place to work.

seunmsg:
Point to one post where I attacked an Igbo person’s business. Just one.

Je Ka gbo'ro jare,ain't you the person below....they roasted you seriously and your post was deleted if not for bias,you oughtta've banned.

Lanruze:
Tobacco production and business is one of the most profitable businesses in the world.

Phillp Morris producers of " Marlboro" is the second most popular brand globally after Apple.

The pharmacology of nicotine in tobacco makes the herb the second most addictive drug after heroine. Cigarettes are highly addictive and indulgence cuts across all religious and ethno divides.

In the 1970's and 80's before advocacy and WHO reports on the environmental & health implications on smoking was intensified, Tobacco companies made staggering and mind-buggling profits from sale of cigarettes alone.

The margin on a stick of cigarette is almost 100% e.g cost of producing 1 pack is 0.49cents and sold at $1.46 on the shelf.

BATN produces for the Nigerian Market and exports to other West African countries with it's headquarters in Ibadan, Oyo State, Nigeria.

The fine of $110m if converted to naira with the current exchange rate is an excess of N120B and it's a significant amount.

Civil Society, opposition and the media should monitor this particular revenue so it can be put to judicious use and not just end up in the pockets of politicians.

The funds can be channeled to productive avenues by government.

super brilliant bro, in support of your advise the funds should be channeled to our health facilities Nationwide where the victims of the cigarette induced ailments go for treatments

mkoabiola:
He must have known someone that someone in that company
Their company is jus around that ibadan toll gate

They are well paid

nothing like connection to get a job with them, it's about your pedigree and competence

Maybe dey don dey sell igbó join am.

Greenback:
Je Ka gbo'ro jare,ain't you the person below....they roasted you seriously and your post was deleted if not for bias,you oughtta've banned.

Lol. You mean that fraudulent guy is the Igbo business that I attacked? As in, you have a problem with me attacking a fraudster? Is fraud now Igbo business? And where is the roasting?

Nauttyprof:
They did nothing and received fine for doing nothing. I really do not understand your comment. So, the company that decided to pay the fine gave a free gift to the government? A simple search online would have revealed the reason.

Some people were nearly crucified when they asked this same question about the other BAT's forfeiture to the US govt.

Free loot.

As long as it doesn't affect the price.

Nachory:
Maybe dey don dey sell igbó join am.

I am very sure cigarette is more expensive than weed (except those fancy loud).

come up north and see how people are cruising with smokecome up north and see how people are cruising with smoke...