₦airaland Forum

shortgun:
See as you are disgracing yourself in public. Go school you say no.
Don't quote me again. I don’t have d patience to school arrogant illiterates.

If day you and your father take that advice, you for no dey NL dey defend your yeast with nothing to show

shortgun:
I see alot of illiterates on this thread.
The report clearly displays FAAC+ IGR.
Since when did money gotten from the Federation account became a yardstick for measuring productivity of a region?
Isn't it expected that south east will be last on the list since it's the only region with 5 states? and the region that gets the least allocation from the Federation account.
Post like this will always expose the literacy level of people we argue with on this forum
Nonsense

Because what you get from FAAC is a percentage of what you contributed in Revenue.

You cannot be this slow

Nwaotu10:
Which kind name be Omoyoma Okoro?
Omoluabi defrauded U.S Attorneys, una come add Okoro to his name so as to drag "God's own
People"into it

Either Edo or Urhobo ( Omoyoma) - Pikin wey good or Pikin wey dey alright/Well. Depends on the Dialect.

ObosiLandlord:
You didn't read NNPCL explanation about why the price of petrol varies in different states? It's the same reason why price of gas varies in different states.

Can Nigerians see the price of gas? When Dangote start producing gas, and he crash the price of gas to #800/kg, gas importers and marketers will start wailing

Confidently saying nonsense when the gas plants are in the south.

JoshTim:
So what happens to their debts if AMCON does not come in? or can you proffer a better solution

They can sell the debts and assets to Airpeace, he’s credit worthy with banks right now. And with a minimal of $500m investment, FG can own a large chunk and make Airpeace National carrier. Win win for everyone.

robinso01:
I think it's really needed.

No it’s not. This just puts the parties grassroots leadership back in the hand of the FG where LG elections will be decided by federal ministers in the states.

Bazztadewu:
DHL still held my iPhone 15 since January,asking me to pay 500k as custom duty... ...................

It’s not DHL, it’s your custom and exchange rate. You’re paying %40 import duty and your Naira is shitiiiit.

Why make it a DHL problem? Are they the ones who fixed import duty? You were supposed to devalue the phone as refurbished before importing to beat down the price of custom fees.

efighter:
He is dealing with a soldier, not a mere pedophille like Sanusi Lamido Sanusi. If the governor does not retract his steps it will get very bloody.

You’re still a child in his/her feelings

Mamcy21:
The rate at which Govs are abusing our Monarchs and tradition system is bad

How is it abuse if it’s their constitutional rights? He’s doing the needful through the state house, the courts will be rubbished as they’re being used as a tool.


Those senators from sokoto should have thought ahead when they supported a legislation that brings Monarchy to the LG.

Dronedude:
Power tussle, the new breed of young and mediocre politicians are always looking for ways to show off power.

Maybe it's a reprisal of something done in the past and now is the time to retaliate.

What do you think is the use of a law or power if not used how it should? Some of you are too emotional.

The people making the laws have representation from the sultan, why are they not objecting in the state house? Na you wey dey online wan help sultan fight him fight while those representing him and forging ahead with the law.

The full word is Ihaza, and it is an NBM term for the treasurer.

Davido sang with it as Aza being the short form of Ihaza and it became popular.

Make person kidnap am make we add him own just stats

Cyberterror:
Clear discrimination against Hausas by Igbos. What if Lagos state bans all Igbo traders in the state because a sizeable number of them sell fake drugs, fake spare parts and pirate the music and video CDs of artistes?

Wetin Lagos dey wait if they have such intel…? They should be fast about it.

yinkus6750:
Sacrilege?
Are our Obas , revered as the ancient days Obas?
I remembered what happened at Oba of Lagos palace during endsars.
Shows that the traditional institution no longer has the potent powers of before.

What powers did they have before that they couldn’t use against whites who chained their forefathers, took their powers and gave it to the government..?

plaetton:
You people live in a Dystopian universe.
Nigeria needs foreign investors now more than ever.
Majority of the countries in the world do NOT need Nigeria or Nigerians for investment, tourism or any other economic value. There are currently hundreds of thousands or even millions of Nigerian economic refugees spread accross every country on earth.

Therefore morons, Nigeria does not have the clout to demand anything from any country whatsoever.

Every country in the world with sane leaders court investors and tourists to come and invest and spend money.

Nigeria, this Dystopian paradise, threatens and admonishes the potential foreign investors that it so desperately needs.
Na wa ooo

You think Nigerians commit crimes? Go check criminal stats of other countries, you will thank whoever you believe in for being a Nigerian.

There are more fraudsters in One Chinese city than Nigeria, more homicide, rape and murder in the US than Nigeria.

More gun violence in Chicago alone than Nigeria, more scams in Romania and Russia than Nigeria.

More drugs in SA, Guinea, Mexico, Panama, Australia than Nigeria. But because you don’t see them tearing down their public image, you think Nigeria is worse.

adexbols:
The Companies he did deals with also have a right to due diligence and revaluation of the assets

No they don’t go digging. You as a borrower are supposed to present facts and not fake documents. It is well written in every company’s agreement, that such crime is fraud and punishable by law.

The state has done their investigation and concluded fraud was committed hence the case.

Calitoscassius:
But the loans were given to him, did the bank not check his credit records before lending him money? I am guessing they did, so why did they lent him the money? A lot of business men do this as long as the loans are paid off and with the maximum interests, what is the crime?

They are just trying everything to stop Trump from winning election and it isn't working.

You’re smart by half. Banks do not expect you to fake docs to obtain loans. Which is why he’s now being charged for fraud.

Why then are you crying now that he’s being charged for exactly what you’re asking?

President or not, a crime was committed and he’s being charged like everyone else who commits fraud.

Kingsnairaland:
Real estate prices are not stable and you have the right to inflate prices when selling or buying lands.

So what is exactly the judge basing his theory on.

And using such inflated docs to take loans? Cause I don’t think you read the article.

Dpen11:
Wow

She is your mum is that she is your mum

On a normal day if you really do have to give ,give her because many are praying to have a mother that will disturb them or make them spend.

Whatsoever you passed through,let bygone be bygone,she is your family.

Be safe

You must not know what it means to be treated like the OP. I also deal with the same issues.

The best you can do is stay away from them all, after all you’ve survived this far without their influence.

If you have, you send to her, if you don’t. Ignore any MF. But first, make sure you deal with your own problems before taking on those of your family.

On the long run, everyone will know where they stand.

Fibonacci88:
Do the civil servants have official email? How many civil servants in Edo state are computer literate. Does the state have the a tech team to manage Thier web mails? All this questions need to be answered before releasing any circular. This is just a knee jerk decision just like the one Baba blu made at eagle square that has sent millions of Nigerians into untold hardship.

Without doing any checks, you’ve made yourself actually look uninformed. Take your time and do a quick research, they’ve been that way for over 2years now.

They’ve been adequately trained and equipped, hence the deadline for full compliance.

Fake News


https://news.bitcoin.com/indian-official-de-dollarization-remains-distant-rupee-should-become-dominant-currency/

She’s a useless politician.

She’s from my LG, Uvwie Lg. same as Festus Keyamo, she was the Lg caretaker chairman in acting capacity and she caused too much damage and thought she could win a direct election but failed.

She was appointed Nigerian Export-Import Bank Executive Director, and what did she do if not continue her nepotism and criminality

Obrigardo:
Realistic about what? That your leaders and politicians are idiotic, stupid and can't string policies together to make life better for you all? That's why you all keep living in bondage.

Do you even know the meaning of minimum wage…?
First get a grasp of yourself, not every low level state worker deserves 200k salary hence there is a cap on the least amount of salary which is now 40k.

Secondly, a state can only pay as much as they generate. Until the federal govt gives more powers to state to generate more revenue, unless you’re ready to bleed more in paying state taxes which may end up being a bad idea.


Have you taken your time to compare the revenue and expenses of the state? You’re online screaming like a miscreant as if it is by paying the least of workers 200k.

blaise26abj:
Freight cost to and from nigeria , landing cost . Foreign refining expenses as well as taxes in the countries with the refineries . How will it not reduce?

However , I always said Dangote is no fool . He borrowed money to build the refinery . He would rather sell at the current price or higher to quickly meet his financial obligation . In fact if it is 1000 per litre the better for him . Why do you think that subsidy removal coincides with the start of his refinery ? Make we dey play dey go .

Foreign refiners are paid in crude oil %, not by cash.

The freight and landing cost will only see a N30-50 reduction in pump price. He’s just being realistic since they’re no longer seeing an avenue to continue looting via subsidies.

Mustack:
This black rock is not a good ideal of investor.

They’re sleek baaaaastards but this is not the US where you can make bank from share prices. The company needs to actually be doing well for any of their backdoor takeover, else they’ll be wasting their money trying to control a Nigeria corporation.

LORDKing001:
Equate equivalent of mayor to any political office holder abeg. Who b mayor? Is he higher than a state governor?

Local government chairman. But NY as a city has the budget of Nigeria.

lhordspy:
You are the emotional one here sir. Infact, i feel you are about to cry while typing the above. The emotions reflected on your opinion. I can swear you are igbo just by the emotions displayed ontop this issue. You are already picked a side. Forcing yourself to see this more from a business perspective only. Like a business tussle.

First of all, like i mentioned earlier. It is more of a lesson than business. Otedola is not interested in power struggle. If he is, he wouldnt have let go. All he cared about was teaching Elemulu a lesson. His intention was passing a message across, and it was well delievered.

I dont care who is the smartest or who has the upper hand when it comes to investment. But what happened few weeks back was a brutal lesson, one which Elumelu will never forget. In 2weeks Otedola raked in 21billion naira with that much ease, at the expense of Elumelu.

That is something my friend. That is something.

Oga keep quiet. I’m from Warri, and not a fan of Tony. But you’re rambling and projecting your ignorance as a point. This is business and nothing more than that.

I cannot help your ignorance anymore. I’m trying to teach you what you don’t know about business and how takeovers work and you’re busy rambling about personal emotions and feelings. Who TF cares about how you feel..?

Answer me this one question since you think Femi made a profit. Did any of them confirm to you that the %25 shares bought by Tony included Femi’s %5 or did Tony buy from the open market…?

Second question. How many % did Transcorp shares move in the 1week period Otedola held his position for..? Let’s calculate how much he made from your answers.

Kog45:
Sir when big men like Dangote,Adenuga,Otedola and Elumelu are at war,presidency wade in cuz they are mover of economy….what is going on behind the scene is not known to laymen like us…Fact can Elumelu fight dirty with Otedola?NO so in few days things would be settled

Mr Man, I’ve watched hostile takeovers, bankruptcies and Businesses come back to life from Bankruptcy. And I’ve made a living from the stock market.

What you’re witnessing is no different from what happens with every firm in the world. You Nigerians are only learning about this aspect of life because two Notable people are on the table.

None of them is special when it comes to taking over a business. The government cannot bail none of them out or get into their businesses because they’re guided by SEC rules. If anyone feels disgruntled, the court is there to decide.

lhordspy:
You are the ignorant one sir. Maybe you should always read the main thread before replying comments. If you go through the statement released by Otedola, you will know he is still pained by the betrayal of Elumelu.

He has no interest in usurping Elemulu at transcorp. It is just about unsettling the market; teaching Elumelu a little bit of lesson by checkmating him.

If the whole scenario is just as you ignorantly painted up there. Why then was Elumuluu settled? Why did he involved mutual friends to beg Otedola to let go. The move by Otedola was already unsettling the market, Elumelu was boxed, he had no option than to beg !

Exactly what otedola was hoping to achieve.

You’re still believing Elumelu begged him. Begged him, yet bought %25 in Transcorp in one day. Even though Femi only bought a meager %5.

I’m not sure where your emotional ranting is coming from. But that not how stocks work. There are millions more of ordinary shares to be bought in the open market that both parties can mop up, problem is who has more liquidity..?

Definitely not Femi who’s already sold half his position in First bank since he became major shareholder.

Lastly, you cannot disrupt Nigeria stocks because it is capped by the SEC, once you become a major shareholder, you’re bound to disclose your holdings.

Which is what prompted Tony to put a final lid on Transcorp from holding %6 to %31 in one day. Man bought 5X what Femi wanted to “disrupt” Transcorp with according to you.🫢🤦🏾‍♂️

Man still has enough to take Firstbank from Femi if he wants to with N20B only.

Go check how much Heirs Holding is worth and how much liquidity Tony has via UBA. Otedola on the other hand is only a major shareholder in Firstbank, he doesn’t sit on the board of directors yet.