₦airaland Forum

thebosstrevor:
Iyin “E” Aboyeji, the former CEO of andela was 23 years old when he got a 24 million grant to start andela in Nigeria

Pls don't even mention it...
America made that guy...
The same America u guys despise n rubbish...
That guy could have been a CEO of a start up company in silicon valley...
He chose nigeria maybe because of untapped opportunity....
Mention a CEO below 30 made in nigeria n we'll take it up from there....

A billionaire prince is being sued for £1.8 million by a couple who claim he left them with a “huge hole” in their finances when he pulled out of a deal to buy their London mansion.

Richard and Deborah Conway say they were left stranded on the housing ladder when Nigerian oil magnate Prince Arthur Eze withdrew from the deal on their £5 million home in Mill Hill.

They were already committed to buying a house in Cambridge and had to take out an expensive bridging loan when the deal with Prince Eze fell through, the High Court heard.
The couple claim they were forced to sell their home at a reduced price of £4.2 million, and are suing the prince to recover losses as well as “family expenses”.
However the Nigerian royal, said to be worth £2 billion, denies breach of contract and is counter-suing the couple for the return of a £500,000 deposit.

Mr Conway, 62, said he and his wife wanted to “pay off all our debts and start again” — with an eye on retirement — when they put their home up for sale for £5 million.



“It was necessary for them to obtain bridging finance to fill the huge hole left by Prince Eze’s failure to complete, and failure to pay the balance of the purchase price,” said their barrister, Matthew Collings QC.

The court heard they exchanged contracts for the nine-bedroom home in August 2015, but Prince Eze had been acting through a “go-between” and had never seen the house.
They claim he then “threatened to scupper the deal” unless he was paid.

Giving evidence, Prince Eze said he had “good intentions” when he agreed to buy the house, saying he wanted “a genuine investment in the UK”.

“I wasn’t concerned about the price but I was concerned about people being open,” he said.

“I thought there was something funny going on.”

The Prince rejected a suggestion he had pulled out of the deal because of a drastic drop in oil prices.

Judge Andrew Keyser QC reserved his judgement to a later date.

https://www.standard.co.uk/news/london/nigerian-prince-left-us-high-and-dry-over-sale-of-our-5m-mansion-claim-couple-a3710686.html

chrisjohn234:
I just read numerous articles on google and can comfortably say $100,000 in present day America is indeed not that much to be classify as upper middle class. Though miles better than what the average American makes

100000 dollars income is upper middle class....
I don't know what u reading but here is a 2017 report on USA class income....
https://www.investopedia.com/financial-edge/0912/which-income-class-are-you.aspx

timesup234:
Sorry man. In 2017 earning $100,000 is nothing in most places in America. After tax you will be left with just $68,000 to spend for the year. What is the average rent for a two bedroom in a place where upper class earner are supposed to live (Boston, Chicago, New York city, California etc)? That alone will cost you over $20,000- $28,000 on rent alone.

I don't have the strength and time to be analysing 100k income for someone who is not even earning in dollars and has no understanding of the cost of living abroad....
I know people who earn such and I know what they've done with money both in USA and naija...
I'm not here to convince u, cos I know u are a cynic....
Rather I'm here to educate the enlightened minds and contribute to knowledge.

madenigga:
Please i need advise on this issue.

I own somebusinesses in Nigeria and am very comfortable.

I earn over 400k plus monthly from those businesses am less than 28years but sm people are advising me to sell out those assets then use the money to travel abroad canada to be precise to go and hustle that canada is the bomb now. But deep down in my heart i dont want to travel out. I know a friend that has being in the Uk for years the guy is just average.

I am quite confused i wouldnt like to make a mistake.

Except u are into IT or the tech industry....
Abeg stay in naija and continue the good work u've started....
God will continue to bless ur hustle....
400k in naija is fat and less than 1% of Nigerians below 30 yrs earn such....
That's my piece of advice...

timesup234:
even for a single middle class person 100k is not much

100k...
Wetin him dey use money do....
That's an upper middle class salary range...
Abeg...
That is good money anywhere in the world...
Including silicon valley....

You are wrong...
Your teachers were actually correct...

Nigeria urges UN probe into deaths of 26 female migrants

Nigeria on Wednesday called for an international inquiry after 26 women and girls drowned attempting to cross the Mediterranean Sea to Europe.

The bodies of the victims -- all believed to be Nigerians -- were brought on a Spanish ship to Italy last Sunday, where the authorities are looking into how they died.

Twenty-three lost their lives last Friday when the inflatable dinghy they were travelling on sank. Three others were found during operations earlier in the week.

The foreign ministry in Abuja said its mission in Rome said the victims were aged 14 to 18. It described their deaths as "a monumental loss and a sad moment for our country".

Italian investigators have said they would be looking for signs of violence but believed it was unlikely they were victims of sex trafficking.

Nigeria's National Agency for the Prohibition of Trafficking in Persons (NAPTIP) said there should be "a high level investigation by the United Nations (into) this incident and others before it along the Mediterranean region".

It added in a statement: "We need to know the identities of the owners of the rickety boats that carry people along that axis as well as their owners, so they can be prosecuted."

The central Mediterranean route from the coast of Libya to Italy is currently the favoured route of undocumented migrants, most of whom are Nigerians.

Numbers have increased because of unemployment and recession in Nigeria. Established trafficking networks for prostitution in Europe date back to the 1980s.

NAPTIP said human trafficking and irregular migration were criminal and needed to stop because of the high numbers of deaths.

The International Organization for Migration said on Tuesday that about 75 percent of the nearly 155,000 migrants and refugees who have reached Europe by sea this year arrived in Italy.

A total of 2,715 people died on the central Mediterranean route between January 1 and November 5, it added.

In July, the UN refugee agency said it would like sanctions against known traffickers and people smugglers, including travel bans and asset freezes.

https://uk.news.yahoo.com/nigeria-urges-un-probe-deaths-26-female-migrants-131925017.html

I think this settles it...
make una leave buhari alone...
appropriate Nigerian authorities have taken up the case with UN.
what more do u guyz want...

Pls provide link to the source

nekib89:
Hi,what's the price of the rose mould please?

Mail me on tolu_seye@yahoo.com

honeychild:
My father in law's father also lost his entire wealth. But he lost it in the east. He withdrew everything he had from the banks in Lagos and returned to the east with it. Shortly before the war ended, he lost it while running away when Owerri fell. The poor man died soon afterwards. If he had survived he would have also collected 20 pounds. Even though he had taken everything he had when he left for Biafra.

.

chrisjohn234:
I am into real estate. How much do you think will build a standard 5 bedroom duplex and how much do you think an average Nigerian American can save monthly? That will answer your question.

How much...
I'm considering building one soon...
Just give an estimate....

Obi1kenobi:
Except the bolded is a strawman, cos I have not seen anyone claiming that.

To say what the FG gave a minority of Igbos was a "gift" after what was lost is exactly what makes post-war reconciliation difficult and rendered Gowon's pretensions at appeasement to be worthless. It was the same FG that rendered the old bills Igbos had worthless after switching the currency in circulation. The most pernicious effect of this destruction of the Igbo middle class post-war came with the indigenization of companies immediately after the war.

There have been no myths busted here. All I see is distortions of what Igbos have claimed. Then you argue against those distortions you created.

ibos post-Biafra, claimed they were given 20 pounds irrespective of the amount in their bank deposit, then they were silent....
over the years, this fact has been distorted to the extent a lot of people believe FG intentionally impoverish the ibos after the war by denying them access to their money....
read thru the thread and see people claiming the money in contention was deposit prior to the war or that the deposits were in Nigerian currency.....
even akpabio parroted the nonsense during the silverbird award dinner in front of a large audience....
There's nothing wrong if the facts are laid bare....

I will not comment on the above u wrote....
all is fair in war, they say....
no matter how u look at it, we'll both agree war is a terrible thing and should be avoided at all cost...
WAR is not like our Hollywood scripted movie....
In real war, there are no bad guyz or good guyz, there are no good intention or bad intention....
everything comes down to what exactly should be done to emerge victorious....
Americans are considered the good lads of world war 2, but nobody talks about the atomic bomb detonation by the allies....
The Biafra war was unnecessary and a bitter part of our co-existence...
and sometimes, I do wonder if we've learnt any lesson from that experience....

Obi1kenobi:
I've examined this thread and it begs the question:
Which myth or lie exactly do you think you have "busted" here?

the myth that Nigeria stole ibo's money and gave them mere 20 pounds...
the truth is ibos had no money anybody could steal because all they had was biafran pounds which was useless...
the 20 pounds was a gift by the Nigerian govt in an effort to mop up biafran currency out of circulation and give ibos a fresh start....
its not really much, but at least its something....
So many ibos remained in Nigeria during the biafran war, none of them had their money stolen or confiscated...
and they were not offered 20 pounds...

I think the lesson learnt here is that some gift are not just worth it because it will never be appreciated...
Nigerian govt should have just told the cold truth that biafran pound wasn't a recognised currency, thus wouldn't be exchanged for the Nigerian pounds...
that sounds harsh, but at least hopes wouldn't have been dashed and I'm sure a lot of ibos would have gotten over it quickly....
and of course, there would have no 20 pounds myth.

Igboid:
Commercial banks existed in Biafra during the war you say. Provide poof of that, you failed to do.
Even Biafran Bank had to relocated many times during the war.

The article you posted said nothing about 20 pounds policy.
It talked about the exchange of Biafran currency and old Nigerian currency cash for New Nigerian note at fixed price.

The above, though a topic for another day, was never the bone of contention of the topic, and so, is totally irrelevant to the discussion.

The bone of contention was that Nigerian government gave 20pounds to every Igbo account holder in Nigerian banks after the war.

Your article neither accepted nor debunked that claim, but was rather making an entirely different claim that isn't the meat of this thread.

You are the one who is unscrupulously trying to link the two together.

This is it in case u missed it....

At the end of the civil war there was a critical shortage of the new Nigerian currency, which retarded efforts to replace the currency in circulation in the east. The Central Bank began recalling the Biafran currency and the old Nigerian currency in the war-torn region but, because of the shortage of new Nigerian notes, only receipts were issued to those who surrendered the notes; although during this period of recall it was unclear what rate of exchange would be made for the Biafran notes. Rumours as to what value the Central Bank of Nigeria would place on the Biafran notes became widespread, with many believing one rumour that twenty Biafran pounds would be given the value of one Nigerian pound. Many impatient people surrendered their Biafran notes to speculators who were purchasing them at fifty Biafran pounds to one Nigerian pound.
Ultimately the speculator! s got ‘burnt’, as the Central bank decided that there would be no exchange of Biafran currency for Nigerian currency, deciding instead to pay a flat rate of twenty Nigerian pounds to each depositor of Biafran or old Nigerian currency with the Central Bank.

This will be last tine I'll discuss this...
The whole thing is beginning to sound like a cracked CD...
On the long run, I can't be responsible for what u believe....
It's a free world....

nwabobo:
So the idiot who opened this thread does not know that the £20 being talked about was only given to people who had money in their bank account before the outbreak of the war and not to everybody?

No that's not true....
Read this...

At the end of the civil war there was a critical shortage of the new Nigerian currency, which retarded efforts to replace the currency in circulation in the east. The Central Bank began recalling the Biafran currency and the old Nigerian currency in the war-torn region but, because of the shortage of new Nigerian notes, only receipts were issued to those who surrendered the notes; although during this period of recall it was unclear what rate of exchange would be made for the Biafran notes. Rumours as to what value the Central Bank of Nigeria would place on the Biafran notes became widespread, with many believing one rumour that twenty Biafran pounds would be given the value of one Nigerian pound. Many impatient people surrendered their Biafran notes to speculators who were purchasing them at fifty Biafran pounds to one Nigerian pound. Ultimately the speculator! s got ‘burnt’, as the Central bank decided that there would be no exchange of Biafran currency for Nigerian currency, deciding instead to pay a flat rate of twenty Nigerian pounds to each depositor of Biafran or old Nigerian currency with the Central Bank.

That's the genesis of the controversial 20 pounds...

Igboid:
Look, don't be evasive to score brownie points.

The twenty pounds policy is that you get 20 pounds for whatever money you had in Nigerian banks as an Igbo man, before the war.

The piece of info you posted, wrote of cash exchange between old Nigerian pounds, new Nigerian notes and the Biafran pounds.
It had nothing to do with money in the banks.
You take your old Nigerian and Biafran notes to Nigerian banks, and you get offered 30 pounds as individual and 500 pounds Max, as corporate body.
It had nothing to do with money in bank accounts, as Bank of Biafra was not a commercial bank.

You had already claimed Biafra had commercial banks fully operational during the war, I had challenged you on that, and you went blank only to ressurect another propaganda.

Respect your old age.

Stop twisting facts...
What u quoted was currency exchange in liberated regions during the war-1968....
What I quoted was currency exchange in defunct biafra after the war....
And it clearly explained the 20 pounds genesis....
Commercial banks existed during the war n they were fully operational....
Or how else did biafra central bank circulated the biafran pound among the people....
It's obvious u guys don't really know much about events during the civil war itself, other than the lies u were told....
In case u dont know, post office was very much operational during the war...
Judges sit n adjudicate over civil matters in court during the period.....

I understand it's difficult to accept that what u've been told by ur people was a farce....
But u know what....
The earlier u accept that people's narrative of events are more sentimental than factual...
The less u believe bland statement without facts....

Igboid:
This is trash!

This deals with money in circulation, not money in bank accounts, as no commercial banks operated in Biafra!

So tell me, when economist say money in circulation....
What exactly do they mean...
And how is it different from money in bank accounts...
How does CBN controls the money in circulation n how do they replace old naira notes for new ones...
We put our money in Ghana must go bags n proceed to cbn offices in our states....


If I were u, I would demand a refund from my economics teacher...
Provided u had one....

Igboid:
Wrong.

Bank of Biafra was not a commercial bank. It was more like a central bank.

No one had bank accounts with them.

So, in which bank did Biafrans have Biafran currencies on?

The 20 pounds was strictly for those who had bank accounts with Nigerian banks. They were given 20pounds, irrespective of how much deposit they had.

I think this should settle it....

At the end of the civil war there was a critical shortage of the new Nigerian currency, which retarded efforts to replace the currency in circulation in the east. The Central Bank began recalling the Biafran currency and the old Nigerian currency in the war-torn region but, because of the shortage of new Nigerian notes, only receipts were issued to those who surrendered the notes; although during this period of recall it was unclear what rate of exchange would be made for the Biafran notes. Rumours as to what value the Central Bank of Nigeria would place on the Biafran notes became widespread, with many believing one rumour that twenty Biafran pounds would be given the value of one Nigerian pound. Many impatient people surrendered their Biafran notes to speculators who were purchasing them at fifty Biafran pounds to one Nigerian pound. Ultimately the speculator! s got ‘burnt’, as the Central bank decided that there would be no exchange of Biafran currency for Nigerian currency, deciding instead to pay a flat rate of twenty Nigerian pounds to each depositor of Biafran or old Nigerian currency with the Central Bank.
http://www.africafederation.net/Biafra_Notes.htm

Enough of the 20 pound myth....

Igboid:
Wrong.

Bank of Biafra was not a commercial bank. It was more like a central bank.

No one had bank accounts with them.

So, in which bank did Biafrans have Biafran currencies on?

The 20 pounds was strictly for those who had bank accounts with Nigerian banks. They were given 20pounds, irrespective of how much deposit they had.

There were commercial banks operating in biafra during the war....
Biafra issued out the biafran pound notes via these banks....
How else did ojukwu collected biafrans' nigerian pound and exchanged it for biafrans pounds at the start of the war....


Ur other assertion doesn't make sense....
How can FG exchange nigerian pounds for nigerian pounds....
The banks in existence then were British owned n will not tolerate unnecessary manipulation from the FG...

The 20 pounds was for people who had biafra pounds in their bank accounts....
The strategy was to mop up the biafra currency in circulation...
The policy was to give 20 pounds to anybody who has biafra pounds in his bank accounts irrespective of the amount....
It doesn't matter if it's 1 million or just 100 biafra pounds....
So long u can prove u have biafra pounds in your bank account, the whole amount will be exchanged for 20 nigerian pounds....
Even if its one biafra pound...
Of course the igbos had hoped their biafran pounds will be exchanged for the nigerian currency at a fixed n reasonable rate....
Thus it's understandable if they were disappointed at the policy...
But the policy has nothing to do with those holding the nigerian pounds....
Let's not forget some igbos stayed back in Lagos during biafra....
Thus it would have been stupid if FG started confiscating bank accounts with ibo names...
Pls let's be enlightened....

there millions of physically fit men in naija who can withstand 8 hours of rigorous manual labour....
but this guys are not the selective breed that desires to settle abroad....
most Nigerians who dreams of relocating abroad are from middle class home who are not really exposed to those kind of jobs.

U guys should stop all these nonsense....
Who told u Nigerians in USA struggle to earn 30 thousand dollars or live below poverty level.....
The average wage for nigerian Americans is 60 thousand dollars....
If u have relatives earning below that, tell them to stop being lazy n double their hustle....
If they can't break even in USA, there's no guarantee they will crack new grounds in naija where opportunity is limited n environment is harsh unless they've got solid connection with people in high places... .
Furthermore, there's nothing limiting the success of Nigerians or any immigrant in USA....
USA is what u make of it, there's no free meal anywhere.....
What u need is to study n understand the system, then build ur career around an area of competitive advantage...

The most successful ethnic group in USA today are the indians, not even white or Jews....
The average salary of an Indian in USA is 104 thousand dollars, almost double the national average....
These people control the low-cost hospitality industry in the US, they also dominates the IT industry- 40% of workers in Silicon Valley are Indians, they are also a strong Force in the Healthcare industry.
Nigerians in the US are also doing remarkably well, only they are yet to create a niche for themselves in a particular field....
But to say majority of Nigerians are suffering in the US is nonsense.
And by the way what do you mean by Menial jobs....
I hope you are not talking about artisan jobs like welding, plumbing, mechanic, electrician, carpentry, drilling etc
In case you don't know these are the jobs that fetches you good money both in the US and UK.....
In fact in the UK, these fields are completely dominated by the white, u rarely see blacks in those jobs....
For a foreigner or immigrants to break through, I guess you need to be extremely good....
What we should be doing is encouraging our youths in naija to go into these so called menial jobs, place a demand on these jobs by adding value to it n exploiting the opportunities that lies therein...
Not castigating those that that do it abroad...

Finally, I do agree that there are some invisible glass ceiling against foreigners with respect to career progression in some specific fields in the us n other western countries.....
In UK, building a career in banking, financial sector, Media, entertainment, human relations n PR could be frustrating for a foreigner....
But really like I posted earlier, it's not about doing follow follow n day dreaming about white collar jobs in a white man's world.....
Rather it's about exploiting the vacuum ignored by the natives or seeking fresh opportunities in areas of high demand n turning it into a lucrative venture....
For example, nigerians constitute a significant number if workforce in the NHS....
Yet, I'm not aware of any healthcare recruiting agencies owned by a nigerian.
These agencies come to africa to recruit doctors, nurses, radiographers, pharmacist etc for overseas healthcare industry.
What's stopping Nigerians with vast experience in healthcare recruitment coming together to establish such agencies.....
These agencies make good money with impressive revenue...
Glass ceiling can be shattered, enough of excuses.....

spartacus11:
U are d one who is untrained snd mannerless

Stop lieing, lie wan finish una here, 2 bedroom flat in benin 250k or less, quality building , nice locality

Apologies...
I thought the guy said 3 bedroom flat for 80k....
He meant someone earning 80k per month
I actually went back to read his post when I read ur message...
I lived in Benin 4 6 yrs so I know what obtains...

supersystemsnig:
Sorry but i want to preserve my data...

Yawns....
Well...
When u have enough money to buy data, come back n lecture us on IT companies paying up to 10k dollars per month in naija....

supersystemsnig:
I won't waste data on you. Your limitation is your god...plz go, make i use data watch film online, e better pass to argue thrash...you're what you know..simple. You can't debate what you don't know

I'm not calling u out for debate....
Just mention naija IT companies that pays its IT professionals more than Google, uber, Oracle, Microsoft, Amazon....
That's all....

spartacus11:
Stop been a liar

Mention those places or u keep quiet.....
Stop behaving like an untrained n mannerless child....