₦airaland Forum

This is funny. I know the impeachment won't go through but if the clown wins the 2nd term, he's coming with fire. People should forget going to America. There will be massive deportation. Many Christians thought Trump is a Christian because he's 100% supporting Israel. I pity una

It's not about having the education, it's about reflecting the education. We don't need one or two genius from the North, we want their major percentage to be educated. A PhD holder Governor in Borno State is hiring prayer contractors to fight Boko Haram.

Canberra55:
I'm igbo. Born and raised in Lagos . Having had my post secondary education at UNIBEN and. A. B. U. ,I laugh hard when I hear people trying to downgrade the level of education in the north like it's 1925, when they've never even had a taste of it. If Fulatan take you MATH341 na
e you go nosay ABOKI AMAKA!!! #WhoNoKnowNoKnow

We still don't understand depression in this part of the world. Her husband is a novice and everyone around her may never understand what she's going through. Some people here are saying poverty, it may be and it may not be. You may have all the money in this world and still be depressed. It's a hormonal imbalance. Once it triggers, that's it. Let's just imagine it's like Malaria. Does malaria care if you are rich or poor? It may also be hereditary. Don't tell people to man up when they are depressed. Let them seek medical help.
Many things around us can cause it too. Singles, don't live alone. Loneliness can lead to depression too. Even if you are rich enough to get your accommodation, find a buddy or still live in your family house. Another advantage of living with people is that, if a medical issue arises in the middle of a night, someone will be there to help you.

The court will still agree on the debtor terms. They can't jail the debtor. If the debtor says she earns 10k Naira per month and can only afford 5k Naira loan payment per month, the court has no choice but to accept. They have no right to repossess any of the debtor properties cos no legal backing. If there is any legal agreement that shows the action to be taken by the lender if the debtor default on the loan, then the case will take different turn.
A loan[i][/i] is a very tricky concept especially if there is no collateral involved. Even banks in the whole world always write off some loan given without collateral. That's why they invest multi-billions in risk analysis. If you jail a debtor, you lose. If you kill a debtor, you lose. If you don't allow your debtor to be mentally alright, you lose. If your debtor dies of natural cause, you lose. The worst the lender can do is to destroy the debtor reputation may be in the form of credit rating.
On a lighter note, someone told me that one of the secrets of living long is to owe many people with no collateral. You don't need to pray for a long life, all ur lenders will be praying for you not to die or involve in an accident.

fortune1968:
If d defendant doesn't deny nko ? Any other proof needed ?

I don't think paying in kind is in our law. There is nothing a court of law can also do if you have no agreement that shows any transaction between both of you. Lending money out is very tricky

I hope you will retain this ur mumu opinion if someone scammed you all what you've worked for in your life especially in your 60's when u gat no energy to hustle. Many Americans are committing suicide daily all because of scam and you think it's cool.

realestniggah:
Look at the end of the day yahoo and 419 scam isn't going to go anytime soon.. These guys are smart and intelligent at what they do and have been able to provide for themselves and develop the country in some way.. If they are not scamming Nigerians and only white people I suggest the government leave them alone and keep these arrest on a low key. I suggest the federal government leave them and let the FBI deal with them if they are dumb enough go to the USA. So many unemployment in the country how the hell are they suppose to survive? If there are job and the country is okay that a different story.. But the country is fucked_

Can we see? Are South Africans lying?

haha, this is unfair o. The winner deserves nothing less than 200million Naira.

I hope he knew the gravity of Ruiz re-match. He should be locked up somewhere training tirelessly every day.

O ga o. I wish they can exude this kind of energy to campaign for the right guys during election

Great job. That's what we are talking about

Anti Tiwa, agba tinkanyin. The picture really show it all. We will all become like our Grand-dad someday.

Buhari has charged all ministries to make money anyhow. VAT, CBN cash policy penalty, border closure.

You won't understand cos you've been programmed for consumption. If you know great efforts that these Oyibo's are putting into research, you will doubt your existence. Some of them are even ready to lay down their lives for a research result that their children's children will enjoy. You pick phone Kpakam and use, have you ever wondered why your voice does not change after passing several media (wire and wireless)? Moving pictures are appearing from a box of several transistors, capacitors, have you ever been amazed? Have u ever been surprised to know how series of 1's & 0's printed on a shinning surface of a polycarbonate material called CD/DVD turns to Gbedu?

Mutemenot:
He should try Lion's bite in his next video .oyibo and stupidity be like twins

Those Policemen are mean sha.

The son of the soil

You don't understand Taxes. You only understand cheating ways. Nigeria has really changed the way many people think. Because it's being done doesn't make it legit

Quoting you
"Go on vacations and term it business meetings" - Illegal
"They buy cars for personal use But in the name of the company" - Illegal
NOTE: In the sane climes, you dare not take your own company revenues for personal use before paying taxes. The profit will become yours after paying all the required taxes. Corporate and dividend taxes (if you have shareholders)/personal income taxes if you are Sole owner.

In my write up, I keep telling you sane climes because Nigeria is never one. In the sane climes, the Rich do their tax savings through legal ways like debt servicing, IPO, Real Estate depreciation but not those few token savings through vacations or cars. Go study how amazon didn't pay taxes for many years and Jeff Bezos is getting richer. Go study how Trump companies avoided taxes, he's still a Billionaire and his companies have been bankrupted four times. Go study how Robert Kiyosaki company was giving $300m by banks after filing for Bankruptcy. Baba, don't limit your tax education to Nigeria system cos everything is wrong in the country. You don't even need to take advantage of any loopholes in Nigeria to avoid taxes. Know the right people and you will pay almost nothing.
Don't let us mix corporate taxes with personal taxes. The rich could find ways to save in corporate taxes because of loopholes laws set up to protect job creation but in personal taxes, they pay more than the Poor. In the sane climes, you won't see their airports litter with private jets like ours. That's why they do charities cos of the tax breaks on charity organizations. People think American Elites truly love to give, they give because they know if they don't the money is going for taxes.

tiredoflife:
Again u goofed
U really dont know how corporations are taxed
U said dangote cant spend
Company income tax is not like personal income tax

Have u ever wondered why as ur pay slip comes
U see basic
Health
Accommodation
Feeding
Transportation
And after all u see income tax
Takes a chunk
And u are paid the rest
Meaning the poor
Earn
Are taxed
Before they can spend

For the rich
They earn through their companies
Go on vacations and term it business meetings
They buy cars for personal use
But in the name of the company
They build a house
Rent it back to their company
Their by collecting rent
If the company makes 100m profit
Rent they can decide what they like
The company pays
By the time they are done
They may declare a profit before tax as 10m
And if the government gives waivers
They may say they are expanding just like dangote is ever expanding
And declare no profit
Since there is no profit there is no company income tax
So the rich earn ....spend before they are taxed
It's just legal loopholes they use to escape taxation
So yes dangote uses it too

We understand. Totun tosi leyele fi n kore wole.

hmm

Omo ake. Checking his mum hips.

Highly disorganized

You are right, History of taxation is good for learning and nobody in his right sense should condemn subsidy. As it is right now, Nigeria Elites are abusing our oil subsidy. Govt is going to pay about $5Billion on Subsidy this year. We can't close our borders cos we just signed free trade treaties with all African countries. Is either we secure border (land and water) to avoid oil diversions or remove subsidy and pay back the poor some credits at the end of the year. As I've said before, the problem of trust is the major issue. We can't trust our leaders.
Fuel price in Benin Rep is 316 Naira/Liter, Togo is 334 Naira/Liter and Ghana is 348 Naira/Liter. Buy 142 Naira in Nigeria, divert to Benin and sell for 316 Naira. An average oil tanker vehicle can contain 20k Liters. All these young boys like E-money telling you they are into oil and gas smuggle an average of 2 tankers per week. Big boys in the industry divert far more tankers every week. Do your calculation and see how these guys are raking easy Billions. I don't want the Poor to suffer and I don't the Rich to keep exploiting our loopholes. We need a lasting solution.

About Corporate taxes; Quoting you
"Ever since than the poor has always paid what they earn first while the rich earn spend and what is left they declare as profit or wont declare at all as the money is allowed to be pumped back into their businesses in one form or the other just like dangote when he sees he made too much will expand his business or cement factory
So that he wont pay too much as taxes"

Boss, Let's separate Corporate taxes from personal income taxes. Dangote can't spend from his company generated revenue before declaring a profit. All expenses should be official, although some of them abuse it because we don't have Government tracking them. In a sane clime, if your private jet is official, if you use it for personal functions you are in trouble. Dangote group pay Corporate taxes on generated revenue. After that, they pay dividends and shareholders will then pay another taxes on their dividends. It looks like double taxation but that's how it's done all over the world. For example, Dangote owns 85% of Dangote Cement, 15% is public. If their profit after Corporate tax is $100m, Dangote gets $85m. Dangote will pay 10% Dividend tax on $85m, which is $8.5m. The remaining $76.5m is now his. Reinvestment does not really make you avoid taxes, you are only postponing it, especially if the new business is successful. Anytime you want to cash out, you must pay.
My little knowledge of how the rich through their Incorporations avoid taxes is by using debt. Owners take their initial investment out at over-evaluated values and replace it with loans or IPO. While you are servicing debts, you pay almost zero taxes and also there are a lot of tax breaks for incorporations in sane climes.

tiredoflife:
The truth is the poor pay more taxes than the rich
Until u understand this
U will never understand the advantages of subsidy for the poor
When I asked u to go read the history of taxation
U didnnt but u preferred to give why each country is different.
Let me help u
During the days of the king of England
Taxing the people was only done when England wants to go to war
Each person was asked to bring a token of his personal income
As time went on England fought many wars
And the king saw how freely a huge chunk of money was coming in
His greed set in
He wanted this money forever
And made a law that every month this money must be paid
The people revolted and he not wanting a failed country
He called for peace
And using the war between the rich and the poor
He told the people
That those who earn more will pay more
The poor like u saw this
And felt yes this is the time for the rich to pay more
Remember there is always a war between the haves and the have not
They agreed with the king
Let's all pay as we earn
A percentage was agreed on
And this became law
The rich seeing this
Removed all their personal income from their names and form corporations
What u call today limited liability companies
Since they dont earn cash directly they couldn't be taxed
It was the poor like you who was taxed
The king and the rich gave the corporations a smaller tax bracket called company income tax
Ever since than the poor has always paid what they earn first while the rich earn spend and what is left they declare as profit or wont declare at all as the money is allowed to be pumped back into their businesses in one form or the other just like dangote when he sees he made too much will expand his business or cement factory
So that he wont pay too much as taxes
Subsidy may be abused I agree
But if u take it off
It is you the poor that will die

This is normal. Nothing is wrong with you. Ask married men or women, they will tell you the same thing. That's relationship or marriage it's not just about love. A time will come when that "sharking" love will go down, you will need a commitment to survive that time and after a while, it will pick up again. If you keep throwing away, you will throw your husband away just like that.

This is our problem. Translate books verbatim into situations. Every country is peculiar. Your history of taxation may consider perfect situation but here in Naija we are losing multi-billion to subsidy scam due to insecure borders. That is Nigeria is subsidizing fuel for Benin, Niger, Togo, and even Ghana. I've seen some smugglers taking our fuel to as far as Ghana. If we can't easily change our criminal minds, then let's look at another way. Advanced countries return taxes (in form of credits) when they identify markets in their system where they can't separate the rich and the poor. The rich must pay more taxes for sure. I know this is difficult to implement cos we need to have an organized database of our citizens, we need to trace all transactions (almost cashless), all SME's must register their businesses, etc. If we have a serious Govt, it's easy peasy. The technology is out there, just copy, paste and customize. Another question of trust that Nigerians are asking is that if Govt saves that over $1b we are losing annually to subsidy scam, will they use the money for the betterment of we citizens or will it be an avenue for more looting.

tiredoflife:
Go and read the history of taxation and u will know why subsidy is good

You see your life

I still believe our long term solution is to remove the subsidy. I know this will be painful and the Poor will suffer it more. Why should Davido, Otedola and Dangote be fueling their cars with subsidized fuel. They are rich enough to pay for non-subsidized fuel. Govt should create a Tax return system. Everybody will pay for non-subsidized fuel and by the end of the year when we show our annual income, the Govt will refund some money to low income earners that deserve subsidy.

Dee60:
BENIXIT or NAIJAXIT or what do we call this one?

Tomato is not the problem. if you want we will give you some tradermoni.

The problem is oyel - Too many billionaires who cannot manufacture ordinary pin or toothpick will lift oyel, collect subsidy and just move it accross the border where they will rake 200% profit. Haba...

The same people will now be flaunting their rolls royce as if they did anything good to make the money..Haba

oyel and raisi are the problems bro.

Heartless people. How do these Elites sleep knowing the country will explode in a few years?

Dyna

No report has revealed his cause of death. Why

TBH, Messi got better Stats last season. I think he deserved it. If FIFA going to rig, it won't be changing people's vote. They can lobby sha

Simple. That's not a big deal na.
1. Keep talking to ladies
2. The disability should not stop clean looking. Shave, if you have beards keep it clean, dress nice and use good perfume.
3. If you are a Christian, get involve in activities in Church. You will meet lot of people
4. Acquire more skills and enjoy ur life.
5. Please make money. If you have any ideas that can bring money, go for it. It could be blogging, vlogging, software solutions, selling, etc.
6. Finally, do not rule anything out. You may have your specs in women like Education standard, look, skin shades but don't allow the specs to let you disallow some genuine ladies that come around.

Tantaliteweb2:
mine started when I was just 5years old . It was caused by polio . It only affected my Left leg and I am using wheelchair. But I can still use clutches

I guessed you have not really warned him with bold face. I know some ladies that warn men with laugh. If he refuses, tell your humanizer Boss. At least you have an alibi cos a guy like that can rape you someday if you are not careful.