₦airaland Forum

madridguy:
Boys should stay away from BET.

madridguy:
Boys should stay away from BET.

LagosOrigin:
It's haram in Islam abi ? But bombing isn't I guess .

HacheNoire:
The win he is telling you!

The day they drowned him at a casino, he did not post that online.

I am sure the video is still somewhere on the internet.

Moral of the story, stay away from gambling at all cost!

If you are anxious to waste money, buy cat fish and eat with fresh orange juice.

LagosOrigin:
So you're saying that buying cat fish is waste of money ?

ruggedtimi:
Like staking N25k to win N96k

HacheNoire:
No!

I mean using your money to enjoy life

madridguy:

Boys

"Poor boys" should stay away from BET.

aribisala0:
You know you need to pay tax on it
Don't forget

Flangelo12:
In US, you'll pay tax on it.

In UK, you don't.

aribisala0:
I believe he lives in Nigeria
So I am not sure how UK comes into it

I was referring to Nigeria

Flangelo12:
The quote is in dollars.

The platform is not in Nigeria.

aribisala0:
does not matter

If you live in Nigeria ie tax residency = 183 days or more
Your worldwide income is taxable in Nigeria
But UK not in the equation

brain54:
Celebrities shouldn't be promoting/ encouraging bet...

No seriously.


I'm not saying don't bet. But don't put it out in public. A lot of young people look at these people as mentors!

Flangelo12:
If you are an American citizen you would pay tax for your winnings.

aribisala0:
That is a related but different issue
They are not the same thing
America requires all their citizens to file a tax return regardless of tax residency

Some countries have double taxation treaties

But the law in most countries is if you are resident you also file a tax return

Also I don't know whether non US citizens are exempt from tax on gambling winnings

However in Nigeria if you are resident you are now required to declare all earnings and are liable to tax

Zonefree:
Sometimes, try dey comment with sense.

Davido and Drake are top STAKE ambassadors. If they don't put their bets out in public, how then are they going to promote the brand?

Flangelo12:
There is no Nigerian platform that takes bets in Dollars.

Stakes is an American platform.

Davido has both American and Nigerian citizenship.

He would pay tax on his winnings.

aribisala0:
I did not say there is a Nigerian platform taking bets in dollars
How is that relevant
Citizenship is also not relevant to paying tax in Nigeria
I don't think you are getting it
If you live in Nigeria for 183 days or more in a year you are required to file a return outlining ALL YOUR INCOME
Gambling income is declared too

What is your point?

dominique:
He is promoting Stake betting platform. That's how he promoted Ponzi schemes Racksterli and MBA Forex and his followers lost millions of Naira as a result. Now it's betting, I hope people wise up and Say NO to gambling!