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Treasury Bills In Nigeria - Investment (1611) - Nairaland

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Re: Treasury Bills In Nigeria by ahiboilandgas: 7:41am On Oct 19, 2020
Cyberknight:


Exactly.
I've had the opportunity to work in both Ivory Coast and Rwanda (post-conflict issues) and we all know what happens when conflict burst out. Na to grab what you can and get out.

For those blithely saying that: "Oh, if Nigeria divides, you sell the land na", do you really think that the property market will assign a non-Yoruba in Lagos for example, fair or close to fair value for property they have to sell because they have become foreign nationals overnight? Really?

I own a couple of pieces of land in Lagos, which I have basically discounted, even though I am not selling, given that I really think that they could be lost to me at any point in time, because I see Nigeria falling apart at some point and I do not see Tinubu, whichever Hausa man and whichever Igbo or Niger Delta man sitting down calmly at a negotiating table to discuss the planned movement of peoples and transfer of assets across the new borders.

In such event, instead it will be India 1947 replaying on the world's TV screens.
south Easters will be the greatest loser on property cos the own more out their home land ...

1 Like

Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:42am On Oct 19, 2020
Cyberknight:


Exactly.
I've had the opportunity to work in both Ivory Coast and Rwanda (post-conflict issues) and we all know what happens when conflict burst out. Na to grab what you can and get out.

For those blithely saying that: "Oh, if Nigeria divides, you sell the land na", do you really think that the property market will assign a non-Yoruba in Lagos for example, fair or close to fair value for property they have to sell because they have become foreign nationals overnight? Really?

I own a couple of pieces of land in Lagos, which I have basically discounted, even though I am not selling, given that I really think that they could be lost to me at any point in time, because I see Nigeria falling apart at some point and I do not see Tinubu, whichever Hausa man and whichever Igbo or Niger Delta man sitting down calmly at a negotiating table to discuss the planned movement of peoples and transfer of assets across the new borders.

In such event, instead it will be India 1947 replaying on the world's TV screens.


So foreigners don't have real estate Investments in Nigeria.


Indians, Lebaneses, Americans, Chinese, South Africans and others have real estate Investments in Nigeria and they are getting rental income from their Investments.

2 Likes

Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:43am On Oct 19, 2020
ahiboilandgas:
south Easters will be the greatest loser on property cos the own more out their home land ...



Nigeria is not breaking ooo

4 Likes

Re: Treasury Bills In Nigeria by Cyberknight: 7:44am On Oct 19, 2020
emmanuelewumi:



So foreigners don't have real estate Investments in Nigeria.


Indians, Lebaneses, Americans, Chinese, South Africans and others have real estate Investments in Nigeria and they are getting rental income from their Investments.


Nobody has any beef with the current "foreigners" the way we have beef with ourselves.

4 Likes

Re: Treasury Bills In Nigeria by MrMcJay(m): 7:46am On Oct 19, 2020
If you are in Lagos, nothing would happen to your property. There is a reason Dangote put his refinery in Lagos and nowhere else.

If you are afraid of takeover of your property, incorporate a Company in which you're a director and transfer ownership of the property to the Company. Thereafter, process your Title from the government in the name of the Company.

8 Likes 1 Share

Re: Treasury Bills In Nigeria by Cyberknight: 7:47am On Oct 19, 2020
ahiboilandgas:
south Easters will be the greatest loser on property cos the own more out their home land ...

Of course they do.
Which still doesn't mean its not going to happen.
Everyone is just trying to survive this government till 2023, but anything could happen at any time.
Make no mistake about it, Nigeria more than ticks all the boxes for conditions prevailing in other countries than succumbed to conflict, and in this case the utter incompetence of the government is now a contributory factor.

4 Likes

Re: Treasury Bills In Nigeria by Cyberknight: 7:49am On Oct 19, 2020
Lol.
The primitive sentiments (on all sides) that pushed Nigeria into the 1967 - 70 conflict are still very much alive and well in 2020.
Lagos included.
All governments have not helped with this their lousy state of origin policy which is stupid.

6 Likes

Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:49am On Oct 19, 2020
MrMcJay:
If you are in Lagos, nothing would happen to your property. There is a reason Dangote put his refinery in Lagos and nowhere else.

If you are afraid of takeover of your property, incorporate a Company in which you're a director and transfer ownership of the property to the Company. Thereafter, process your Title from the government in the name of the Company.



Thank you for this informed contribution jare

1 Like

Re: Treasury Bills In Nigeria by ahiboilandgas: 7:54am On Oct 19, 2020
Cyberknight:


Of course they do.
Which still doesn't mean its not going to happen.
Everyone is just trying to survive this government till 2023, but anything could happen at any time.
Make no mistake about it, Nigeria more than ticks all the boxes for conditions prevailing in other countries than succumbed to conflict, and in this case the utter incompetence of the government is now a contributory factor.
So since u are very very sure why are ibo still investing endlessly in Lagos ,Abuja and Kano .....the entire mile 2 to ojo properties are bern developed by ibo like wise over 60 percent of properties in Abuja and new properties in kano (over 50 new hotels in Sabon gari)....does this show sense at all?

4 Likes

Re: Treasury Bills In Nigeria by handsomebolanle: 7:55am On Oct 19, 2020
emmanuelewumi:



Read, read and read.

A lot of secrets, information, ideas and many more are hidden inside books.

Have a policy of reading at least 3 books in a month, it is very good for your mind

As for me...Kindly reccomend some for me sir... I'm passionate of knowledge too....
Re: Treasury Bills In Nigeria by MrMcJay(m): 7:57am On Oct 19, 2020
Cyberknight:
Lol.
The primitive sentiments (on all sides) that pushed Nigeria into the 1967 - 70 conflict are still very much alive and well in 2020.
Lagos included.
All governments have not helped with this their lousy state of origin policy which is stupid.

For every problem, there is a solution and for every solution, there is a problem.
If Nigeria splits, some people would lose and some people won't. You can't help it. You own is to ensure that you don't lose what is yours.

If you intend holding real estate for a very long time, buy it in the name of a Company and get proper documentation. If you check Osinbajo's Asset declaration documents for instance, what you see majorly there are shares in specific private companies. Those companies were formed to hold assets.

That's an example of how you use the law to protect yourself and your assets.

11 Likes

Re: Treasury Bills In Nigeria by Cyberknight: 7:58am On Oct 19, 2020
ahiboilandgas:
So since u are very very sure why are ibo still investing endlessly in Lagos ,Abuja and Kano .....the entire mile 2 to ojo properties are bern developed by ibo like wise over 60 percent of properties in Abuja and new properties in kano (over 50 new hotels in Sabon gari)....does this show sense at all?

Surely you cannot be asking me to impose my opinion on other people?

2 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 7:59am On Oct 19, 2020
angry
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:00am On Oct 19, 2020
handsomebolanle:


As for me...Kindly reccomend some for me sir... I'm passionate of knowledge too....


Have you read your Bible or Qur'an, that is the starting point

3 Likes

Re: Treasury Bills In Nigeria by Cyberknight: 8:00am On Oct 19, 2020
MrMcJay:


For every problem, there is a solution and for every solution, there is a problem.
If Nigeria splits, some people would lose and some people won't. You can't help it. You own is to ensure that you don't lose what is yours.

If you intend holding real estate for a very long time, buy it in the name of a Company and get proper documentation. If you check Osinbajo's Asset declaration documents for instance, what you see majorly there are shares in specific private companies. Those companies were formed to hold assets.

That's an example of how you use the law to protect yourself and your assets.

Nigerian law.
It didn't work post-1970 when at least the courts were not as compromised as they are now (ask the owners of seized property in Port Harcourt and some in Lagos) and you think it will work in another similar situation?

9 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 8:04am On Oct 19, 2020
Cyberknight:


Surely you cannot be asking me to impose my opinion on other people?

1 Like

Re: Treasury Bills In Nigeria by purleesh(f): 8:08am On Oct 19, 2020
ahiboilandgas:
but majority .....young shall grow owns all this parks and properties Nationwide ...if I go to oyinbo and mazamaza this morning we can count over 5000 south easternrrs arriving Lagos with intentions of not going back untill they are 70 years.......what i expect is the reverse ibo moving out of Lagos and never coming back in masses not awaiting.....u waits for a confirmed fire...

What's your point exactly?

6 Likes

Re: Treasury Bills In Nigeria by Cyberknight: 8:11am On Oct 19, 2020
ahiboilandgas:
but majority .....young shall grow owns all this parks and properties Nationwide ...if I go to oyinbo and mazamaza this morning we can count over 5000 south easternrrs arriving Lagos with intentions of not going back untill they are 70 years.......what i expect is the reverse ibo moving out of Lagos and never coming back in masses not awaiting.....u waits for a confirmed fire...

Lol.
Again, it is not for me to seek widespread acceptance of my opinion.
That people are apparently not disinvesting and fleeing doesn't have any bearing on what I think.
Secondly, in the same way that people who can afford to are evacuating from Nigeria en masse in the belief that it no longer offers hope and opportunity to they and their children, others are declaring that they will do no such thing and Nigeria will be their homeland forever, while yet others recognize the dangers of a visionless future, but do not want to uproot their lives or cannot do so. Same with the people you mentioned/

4 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 8:11am On Oct 19, 2020
Cyberknight:


Surely you cannot be asking me to impose my opinion on other people?
have u ever wonder why other Nigerians dont w republic manage by greed driven Nigerians will still produce same result as Old Nigeria....after rall local govt chairman and state government are our kinmen
Re: Treasury Bills In Nigeria by MrMcJay(m): 8:13am On Oct 19, 2020
Cyberknight:


Nigerian law.
It didn't work post-1970 when at least the courts were not as compromised as they are now (ask the owners of seized property in Port Harcourt and some in Lagos) and you think it will work in another similar situation?

As I told you before, for every problem, there is a solution and for every solution, there is a problem. If you keep looking for solutions, you will get them and if you look for problems, you will also get them.

Can you please mention anybody you know in Lagos who held a property in the name of a COMPANY and the property was seized and not released. Not just blanket claims, mention just a single 1 in Lagos.
Even those held in Lagos in personal names were not seized.

1 Like

Re: Treasury Bills In Nigeria by TransAtlanticEx(m): 8:14am On Oct 19, 2020
purleesh:


What's your point exactly?
Anything weh go bring down igbo dey always sweet am. grin grin
If we lose money,we make it again.
Money making is an art for igbo and they are capitalists that don't hold property for emotional reasons, invest,make profits and even if they lose the property in the end,no problem.
So stop giving yourself headache on our properties biko,and not like that 66 rubbish can repeat itself today because we would make sure the whole country burns!

5 Likes

Re: Treasury Bills In Nigeria by maishai: 8:15am On Oct 19, 2020
ahiboilandgas:
but majority .....young shall grow owns all this parks and properties Nationwide ...if I go to oyinbo and mazamaza this morning we can count over 5000 south easternrrs arriving Lagos with intentions of not going back untill they are 70 years.......what i expect is the reverse ibo moving out of Lagos and never coming back in masses not awaiting.....u waits for a confirmed fire...

Have u done a check on the influx of other tribes into Lagos and especially Abuja.........Right now if u r looking for house help, The is a thriving industry among egun and French speaking people, If u talk fresh Veges there is a thriving industry among Northerners, If u talk of spare parts there is a thriving industry among south easterners................

Be careful of the narrative u believe, the fact that a particular tribe is dominating an area does not mean they own substantial property there.


It's not only south easterners that are seeing opportunity in Lagos

2 Likes

Re: Treasury Bills In Nigeria by Cyberknight: 8:16am On Oct 19, 2020
ahiboilandgas:
have u ever wonder why other Nigerians dont have serious investment in the East ? The scare tactics of forming a ethnic enclave is doing harm to region and drive away investments why will dangote Locate a Refinery in Lagos with no crude......somalia is 100 percent same tribe and race what is happing,How about south Sudan?How about Yugoslavia any better hdi.....any new republic manage by greed driven Nigerians will still produce same result as Old Nigeria....after rall local govt chairman and state government are our kinmen

And who are these so called "other" Nigerians, and show me the investments they have in other regions outside their own apart from Lagos and Abuja.

For the rest:
Because they don't want to.
Because they buy into the federal government's policy of suppressing development in the east by denying it serious infrastructure.
Because they too are ethnic bigots who do not see why they should "develop" someone else's land.
And as for Dangote's decision to site a refinery in Lagos, had there been any serious port infrastructure development in the ND/east as there should be or a reasonable prospect thereof, that decision would have lacked economic sense.

9 Likes

Re: Treasury Bills In Nigeria by Cyberknight: 8:19am On Oct 19, 2020
MrMcJay:


As I told you before, for every problem, there is a solution and for every solution, there is a problem. If you keep looking for solutions, you will get them and if you look for problems, you will also get them.

Can you please mention anybody you know in Lagos who held a property in the name of a COMPANY and the property was seized and not released. Not just blanket claims, mention just a single 1 in Lagos.
Even those held in Lagos in personal names were not seized.

No need going back and forth with spurious arguments.
I summarise thus: The Nigerian system is broken in all ramifications, and cannot guarantee anything to the ordinary man in normal times, let alone in an exceptional situation that would arise in the aftermath of any breakup.

13 Likes

Re: Treasury Bills In Nigeria by ojesymsym: 8:23am On Oct 19, 2020
Too early in the week to wander into political discussions especially one of the most emotional issue in the country. I think we are threading on dangerous ground here.

What should we expect this week, will dollar increase? will the stock market continue its rally? How will CBN react to the effect of #endsars on the economy. Considering how this year has gone with Covid and now #endsars, what will the financial report of this year? How many companies will survive this unprecedented year?

WE really need to stay off politics here, let us not kill this thread.

17 Likes

Re: Treasury Bills In Nigeria by Grupo(m): 8:25am On Oct 19, 2020
ahiboilandgas:
but majority .....young shall grow owns all this parks and properties Nationwide ...if I go to oyinbo and mazamaza this morning we can count over 5000 south easternrrs arriving Lagos with intentions of not going back untill they are 70 years.......what i expect is the reverse ibo moving out of Lagos and never coming back in masses not awaiting.....u waits for a confirmed fire...

Lmao. What type of outrageous statement is this?

8 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 8:26am On Oct 19, 2020
Cyberknight:


Lol.
Again, it is not for me to seek widespread acceptance of my opinion.
That people are apparently not disinvesting and fleeing doesn't have any bearing on what I think.
Secondly, in the same way that people who can afford to are evacuating from Nigeria en masse in the belief that it no longer offers hope and opportunity to they and their children, others are declaring that they will do no such thing and Nigeria will be their homeland forever, while yet others recognize the dangers of a visionless future, but do not want to uproot their lives or cannot do so. Same with the people you mentioned/
i don't think so am talking of very wealthy ibo people not poor that have transformed Ago place Ajah ,kubwa and Sabon gari ....my close friend emeka just completed his hotel in kano is called mozida another one built the kano europeans centre all this guys can afford houses in America or put down 200k dollars to migrate by investments.if it general ibo consensus then they should not be buidling those properties ?They should be selling down and moving asset to biafra land .again Nodowka a ibo man from imo has over 7 new 50 bedroom hotel within Apapa all brand new built from 2015 he probably the largest hotelier in Nigeria and must are Located in Lagos so if it a consensus by the ibo why is he still buiding since Nigeria has notting to offer .....

5 Likes

Re: Treasury Bills In Nigeria by ahiboilandgas: 8:30am On Oct 19, 2020
Grupo:


Lmao. What type of outrageous statement is this?
Am looking at the number of luxury buses arriving Lagos daily from the East is not a tribalism statement.....northerner are also arriving in same proportions in trucks (but are economic migrants hardly own any asset or intend to stay long in Lagos
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:32am On Oct 19, 2020
Cyberknight:


No need going back and forth with spurious arguments.
I summarise thus: The Nigerian system is broken in all ramifications, and cannot guarantee anything to the ordinary man in normal times, let alone in an exceptional situation that would arise in the aftermath of any breakup.
the new nations wouldn't guarantee any thing too since it will be run by the horrible human resources from fomer Nigeria....

1 Like

Re: Treasury Bills In Nigeria by handsomebolanle: 8:33am On Oct 19, 2020
emmanuelewumi:



Have you read your Bible or Qur'an, that is the starting point

Thank you smiley smiley
Re: Treasury Bills In Nigeria by ahiboilandgas: 8:37am On Oct 19, 2020
Cyberknight:


And who are these so called "other" Nigerians, and show me the investments they have in other regions outside their own apart from Lagos and Abuja.

For the rest:
Because they don't want to.
Because they buy into the federal government's policy of suppressing development in the east by denying it serious infrastructure.
Because they too are ethnic bigots who do not see why they should "develop" someone else's land.
And as for Dangote's decision to site a refinery in Lagos, had there been any serious port infrastructure development in the ND/east as there should be or a reasonable prospect thereof, that decision would have lacked economic sense.
there are more port out Lagos how come Jonathan didnt use the six years and 140 per dollars crude to develop calabar ,warri,onne ,kolo port? Wherr is the ibom deep sea port planned by akwa ibom govt after getting a trillion Naira in revenue......poor leader by Nigerians is responsible while the country is dying the political leaders are progressing materially

4 Likes

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