₦airaland Forum

Thanks cvm, Its been resolved.

Why are you guys criticizing the guy so badly? are you saying there's no chance that he actually loves the woman? do they have to date for years before you believe he wants to be with her and marry her? haven't you guy heard of courtships that lasted almost 10 years and still did not lead to marriage? I also ask, is there a man that carries all his family along to his new home after he gets married? That he says he's ready to leave his family does not necessarily mean he's cutting all ties with them naa. Make una use una head na.

Why would you even think he wants to get married to you because of your red passport? what is so special about it? even if he comes over, is he getting an automatic good life because he is considered lucky to marry you?

Let me tell you girly, lady abi woman I go call you, with a mindset like this, you better stick to guys in the UK (most of them sef never chop belleful, talk much of adding extra luggage) then because you'll always think that any guy that wants you from Nigeria is after small money.

No be UK wey be say when Naija guys fall in, na im go still take the guys and chicks out and pay for all the groove.

babe do well o.

toluxa1: @ the 2 bolded above.

Bros, just talk say you wan make dem credit your account shap shap.

My guy no be so o, Working with them never gave me stress but I am still wondering, what if the money I wanted to withdraw from my Chrisvicmall account was large? Na so them for badly disappoint Man o.

There are a lot of stuffs that I would have loved to import from China or South Africa but the fear of these custom guys is just my problem.
If they were stuffs that could be easily collected from the airport, it would have been better. And now no clearing agents or people that have been collecting their goods from the Port here to give us an insight of how its done.

I've done something like this in the past. back in d days . So at what prices will you be giving it out to would be suppliers? will it be cash and carry? where are they currently? you can tell us here or mail me at saintpatrics@gmail.com

Hi guys,
I intend importing some stationery from either China or South Africa. Because of the weight, it will be shipping by sea to Lagos port. I have never done any shipping transaction via the Port so don't know what I will be required of.

Anyone have an idea of how things work at the port? Its not up to a container at all (just some paper stuff).

pls let me know what I will need. How I'm charged etc

Thanks

Hi guys,
I intend importing some stationery from either China or South Africa. Because of the weight, it will be shipping by sea to Lagos port. I have never done any shipping transaction via the Port so don't know what I will be required of.

Anyone have an idea of how things work at the port? Its not up to a container at all (just some paper stuff).

pls let me know what I will need. How I'm charged etc

Thanks

Chrisvicmall, I must commend you guys. What I love most about you guys is your prompt correspondence via email, calls to update your customer about their products and your ever ready skype chat.

Though I don't have cause to complain for now. I am still waiting for my account to be credited from the withdrawal I made to my bank account. Its been 3 days now.

Keep it up.

One more thing, can you help make payment to a south African bank account?

Samsung External Hard Drive 500 Gigabyte external hard drive;-

PRICE----#7,000

Condition: Neatly Used

Location: Port Harcourt

Contact: saintpatrics@gmail.com or 07085694495

I also need 1 Tb to buy. if you have any for sale, contact me.

No Problem guys, The outcome of the next meeting (which will be a decisive one) will surely be posted here and to the emails of prospective partners.

Thanks
Patric

Dear esteemed Partners, I am sincerely sorry about my prolong absence from the thread and my inability to to post a notice about the meeting that was put on hold. I was unavoidably absent as I had to attend to a very important issue and the lack of access to mobile network and the internet rendered me incommunicado.

I sent out messages concerning the new development to most people whose numbers I have on file. @Oduz, I'm surprised you didn't get it. I'm particularly sorry about that, pls accept my unreserved apology.

The meeting was actually held up to avoid calling for too many meetings at short notices. This is because the CAC registration had not been concluded and so I thought it would be convenient to all to encapsulate all issues to be discussed in a meeting after we get the result. I called Yemi today and he said certificate will be out in 3 weeks time. I will send his numbers to your emails as he may not want his number displayed here. You are free to contact him anytime to know the update on the CAC proceedings and other stuffs.

Partners, pls check your email as financial talks are not allowed on the forum.

Pls always feel free to make your suggestions and inquiries here.

Thanks
Patric

Acidosis: Abuja and Portharcourt..


Definitely not ALL PLACES IN Lagos..

I called a friend in Ijanikin, only to hear, the community people are busy with their yearly festival and that no one (non indegene) is allowed to walk on the streets until after 1 week! And all schools, churches, shops are also not permitted to open.. smh! As if that wasn't enough...these community & ancestral tyrants also needs the heads of 10 non-indegenes strangers to sacrifice to their gods.



All these indegenous ancestral garbages are nowhere to be found in my aforementioned accomodating cities.

I no believe

Oohrhii: Man this is very tricky..

You can't tell your brother obviously, it would only lead to break up..but it won't change her feelings towards you..break up will only strengthen her..besides your brother won't believe easily.

You can't keep sleeping with her..also cos if your brother gets to know, which he definitely will eventually, it can lead to anything.

Your family, the way you described it seems filled with luv and joy, especially between you and ur brother, don't sacrifice it for anything..it's d best thing a man can have.

That leaves only one option. Avoidance. Try to make her understand it would not be possible,that you think it's an infatuation n that it will pass eventually. What can u possibly offer her. It's not as if u are rich or something(according to ur explanation) just try as much as possible to avoid her..as in not being alone with her.and try to get a chick closer to u. Ladies do fear each other..as they know they are highly unstable.

It's a gradual thing but the trick is avoidance.

Goodluck to you..but what ever u do or decide..do not tap dat a.sss. It's d beginning of the end o.. Remember Adam, Samson, and so many others. As.ss issue an serious thing oh.

God help you.

@Poster, I believe this advice says it all. Try and avoid her whichever way u can. I will also strongly advice that you draw your girlfriend more closer and let her know whats happening. If she notices your girls action whenever she's around, she'll get the message.

pro01: Bros, where I fit buy decoder wey I go take understand this your scrambled post?

You should be able to afford Startimes. You needdn't go far, check any electrical store close to you.

Well, I used to love cooking but nowadays, I feel so lazy doing anything in the kitchen. Washing plates, pots and all those stuffs. Most times I have different soups and stew in my freezer for months cos it looks as if it will take eternity to defrost. So I'd rather just grab something down the road . After all I no dey chop plenty

Ichiebillion1: stpat1@

The memorandum seem to touch most of the essentials.
I will like to make the following observations
1.The one member of the board that will be elected by Limited partners will not necessarily be a General partner. Either a Pioneering or a General partner could be chosen by others to sit on the board.
2. Taxes and Taxation were used twice.Lets use 'tax' to refer to taxation by tax authorities and 'deductions' to refer to the 5% and 15-20% difference in remitted profits to various category of partners.
3.Let us allow two months to draw the line between Pioneering partners and general Partners.
4. The 10% Monthly ROI for Investing partners is a beautiful offer. Lets go with it.
5.All Limited Partners shall hold an Annual General Meeting (AGM) once a year and an Ordinary General Meeting (OGM) once every quarter but may be skipped the quarter an AGM is held.
6. A caveat should be provided for withdrawal from the main account. Only a General meeting (AGM or OGM) should mandate a withdrawal.
7. Every board has a Chairman. The Initiator Patric is best suited to be the Board Chairman.

I will communicate other thoughts as they come up.

Thanks for your critical observation and positive input. Well noted

The date and venue

Date: 8th June 2013
Time: 12 Noon
Venue: 34 Ijaiye road Marketing bus stop Ogba Agege.

From Ikeja, board a bus heading to Ogba and alight at Marketing bus stop. When you are at the bus stop, give me a call

From Ogba, board a bus heading to Agege and alight at Marketing bus stop. When you are at the bus stop, give me a call

From Agege, Board a bus going to Ogba and alight at Marketing bus stop. When you are at the bus stop, give me a call.

Please here are my numbers. 08060089362 or 07085694495. The networks sometimes act funny.

Arrangement for seats and the environment is also quite conducive.

The names


Haulfast Logistics

Translog Support Services

Benchmark Support services

have been submitted to CAC for names search and the search result should be out before next week runs out.
Please be reminded that we agreed that each partner pays #1,500 to take care of the CAC procedures and other logistics as this form the foundation of things to come. This is the first step of our commitment to work towards achieving our goal.
I'm impressed by the responses already and I tell you guys, I'm encouraged to put in all I have in my arsenal to ensure we arrive at our destination.

God willing, I'll be in Lagos on the that date.

Thanks
Patric

Hello guys, I will like to know if these shipping agents from UK handle Liquids? I intend to order some biological liquid sewage cleaners. I want to know if there are any restrictions on these. Any shipped liquids before?

remmy007: All that intro for this car??

chukwuwike2ny: Too many Qs in my mind, I'll keep it till the day of the next meeting @ lagos. I believe the memorandum can still be edited if need be! And so we all awaits the date and venue for the next lagos meeting! till then, Kudos!

yes of course, it can still be edited if need be. I look forward to meeting you guys again.
Thanks

evanstical: well done, you are doing a tremendous job.Our thread has been cold lately. Guys what's happening? Anyway before the meeting, my questions are;
1.When is the next meeting in Lagos?
2.Should limited partners be present running the business i.e distance not being a barrier?
3.If partners are to work maybe as managers,accountants,secretaries,etc, are they to be on salary?how do we go about partners who wants to commit their full time.
2.You said % of partner's money will be refunded.is that an omission?No amount of %. Thanks

Thanks evanstical. Now to your questions

1: The date will be fixed soon. Be rest assured that it will be convenient so you have to be there.
2: If possible, Yes. Where convenient, partners should avail themselves to achieve target goals and objectives.
3: For partners who have proven to have the drive, strong will and unflinching commitment to pursue and ensure the company's targets are met, will be paid allowance after 3 months of selfless service.
4: Yes, the % is deduced according to the amount invested, duration of being a partner and other factors.

Hope I relatively answered your questions conclusively?

Thanks
Patric

This is a summary of the Memorandum of Agreement. It will be further elaborated and professionally prepared by a qualified legal practitioner.


This is a partnership company with the relationship which exists between people, carrying on business otherwise than as a limited liability company or incorporated trustees, with the sole objective of making and sharing profits or loss.
The relationship exists with 2 groups of Partners.

1: Limited Partners
2: Investing Partners

LIMITED PARTNERS

These are partners that pool together human, material and financial resources to run and manage the business without a fixed ROI (Return on Investment) and period to pull out invested funds. These partners are life partners will the responsibility of ensuring the business runs smoothly for the objective to maximize profit to be achieved.
The limited partnership is to be further classified into

Pioneering Partners and General Partners

Pioneering Partners:
These are the first set of partners who were involved in the setting up and running of the business outfit from inception. They hold the primary privilege.

Becoming a Pioneering Partner
To become a Pioneering Partner, The first set of Limited partners within the first 1-2 months of commencement of business are classified as the Pioneering partners and will surely enjoy some level of privileges. This is because they will be putting in a lot to run the business from inception and will be taking the calculated risk.

The role of Pioneering Partners
Where convenient or assigned, a Pioneering Partner shall take part in the day-to-day management of the partnership’s business or businesses.
Pioneering Partners have the power of making and taking certain decisions and actions without having to consult the entire members of the outfit in as much as such a decision or action will be in the interest of all partners [both Limited Partners and Investing Partners].
A Board of 5 persons {Can be raised to a maximum of 7 persons, depending of the number of pioneering partners} shall be drawn from the Pioneering Partners who will be saddled with the responsibility of taking certain decisions and actions to ensure the safety and security of funds and assets of the outfit. The board will consist of ME. (Mr. …………………………..,), 3 Pioneering partners with the highest invested funds (as at the time of starting up), and a selected General partner. Other roles of the board members will accounted for in other sections of this Memorandum.
Pioneering Partners shall deliberate, discuss, decide on issues bearing but not limited to Business strategies, corporate negotiations, profit and loss sharing formula, decide the fixed ROI to be paid out to Investing partners, decide what percentage of profit of Limited partners is to be ploughed back into the business, determine how, when and where to acquire and deploy assets.

General Partners
General partners are the sets of Limited Partners who joined after 2 months of commencement of business.

The role of General Partners
Where convenient or assigned, a General Partner shall take part in the day-to-day management of the partnership’s business or businesses.
General Partners shall also have the power of making and taking certain decisions and actions with the consent of any 3 members of the Board from Pioneering Partners without having to consult the entire members of the outfit in as much as such a decision or action will be in the interest of all partners [both Limited Partners and Investing Partners].
General Partners can advice, give opinions and make recommendations on issues bearing but not limited to Business strategies, negotiations, profit and loss sharing formula, decide the fixed ROI to be paid out to Investing partners, decide what percentage of profit of Limited partners is to be ploughed back into the business, determine how, when and where to acquire and deploy assets.

INVESTING PARTNERS
These are Partners that involve only their funds in the business at an agreed Return on Investment (ROI) over an agreed period of time.

Becoming an Investing Partner
Becoming an investing partner only involves negotiations with the Limited partners on how much is to be invested at an agreed ROI over an agreed period. There will be some legal documents to be signed.

The role of Investing Partners
An Investing Partner shall not take part in the day-to-day management of the partnership’s business or businesses.
Investing Partners shall not have the power of making and taking certain decisions and actions.
When solicited, Investing Partners can advice, give opinions and make recommendations on issues bearing but not limited to Business strategies, negotiations, profit and loss sharing formula, decide the fixed ROI to be paid out to Investing partners, decide what percentage of profit of Limited partners is to be ploughed back into the business, determine how, when and where to acquire and deploy assets

The rest of this Memorandum Highlights a General concern of all Partners

Decision Taking
Making recommendations is the responsibility of every partner but and decisions will be taking by the board in as much as its in the interest of the company. You will agree with me that it will be practically impossible to consult every partner before a decision is taken. There will surely be partners that will have to act as managers who will have to take certain decisions without having to consult the entire board. This will include the daily running of the biz and certain actions to aid the smooth running of the biz.

Legal
All legal aspect will be handled by a competent barrister to prepare a full Memorandum of partnership.

% for Investors
There would be a fixed % on the ROI for investors. I am suggesting we make it a 10% ROI

Accounts
There shall be two accounts in the name of the business. One shall cater for the immediate expenditures and funds needed to run to business. This account shall have 3 signatories all of whom must reside in the same state. The signatories shall be a member of the board and two other partners. For this account, any 2 of the signatories can sign for funds to be released.
For the other account, which can be termed the main company account shall also have 3 signatories. This account shall hold funds that are not meant for immediate use and the financial backbone of the business is determined by how much funds are held here. The signatories shall be me and 2 other members of the board with the highest invested funds. All there signatories are required for funds to be drawn out of this account.

Taxes
Taxes shall be deducted and remitted as at when due.

Profit Sharing
From the profit made, the investors ROI will be deducted and then balance profit shared amongst the partners according to their invested funds. The profit accruing to each partner will be taxed at a certain % which is to be ploughed back to the business.
For the taxation, I will be taxed 5% lower than other pioneering partners and pioneering partners will be taxed between 15% - 20% less than general partners. Other partners who join the company after a period to be agreed by the pioneering members will also be guided by different terms.

Access to information and statement of Account
Any partner shall publicly or private have unrestricted access to any information concerning the running of the business or its financial position etc.
There shall be unrestricted access to information concerning the biz. Partners whose data is on the banking file shall also have access to the statement of account of all the accounts of the company at anytime and from anywhere accessible. If efficient and necessary, pioneering members shall have sms alerts whenever a transaction is made on any of the accounts.

Partners and Investors Data
There shall be a compiled bio data file on partners and Investors. The data shall contain vital information about partners and their next of kin that that will replace a partner in the event of retirement, death or incapacitation.

Exit
In event that a partner wishes to exit the partnership, He shall be refunded a % amount of invested funds depending on the period of time. All profit accruing to the partner will also be paid in full.

Partners are free to go through it and print out out so that if you have any questions, you can ask here or you can come along with a copy of this to the next meeting in Lagos

[quote author=Jo.dazzle]there is a new born baby for sale...pm me, if u are interested[/quote]Haaaa una don reach here again?

ogele: Homosexual don finally need pikin... Evil that men do will leave after them.

sorry look elsewhere. Not interested

evanstical: Kudos to you guys .Happy this thing is moving forward.Wish I was in the meeting, I just recently signed up. I'm not vast in these partnering business, have long been my own boss. My take is this;whats is the criteria for being an investor and what is the minimum amount expected of?What is the difference between the investor and the partner here? I know investors are more into ROI and can pull their money at an agreed date or even convert it to shares.But how about the partners here?Cant everybody be a partner?Was any thing discussed about the minimal contribution?Thanks

Thanks evanstical. being an investor is quite simple. All you need do is discuss on how much is to be invested and agree on the ROI and the period in which the Principal is to be withdrawn or re-invested if the investor so wishes.

The Partner is one which is a part owner of the company.

As much people can be partners but the level and privileges enjoyed by partners will differ with time.

There is no minimal contribution as the ROI (As an investor) or Profit (As a partner) can always be worked out according to the amount injected.

Hello Guys,

Today's meeting was really interactive, interesting and educative because we discussed a whole lot of issues regarding the biz. There was a good commitment shown as one of the partners came from Delta and he really came prepared with essential questions and inputs that will catalyze the biz.

The highlights of the meeting have been summarized as follows :

Company name
We discussed that the company name can be used to run the company for some time and later incorporated in the nearest future.
These names have been forwarded for name search at the CAC.

Haulfast Logistics

Translog Support Services

Benchmark Support services

Board

We discussed that the there should be a board which should be made up of about 5 people. This board should include me, 3
partners with the highest stakes and a partner nominated by the general house.

The board members will be responsible for taking certain decisions in the interest of the company and respond to issues.

Decision taking

Making recommendations is the responsibility of every partner but and decisions will be taking by the board in as much as its in the interest of the company. You will agree with me that it will be practically impossible to consult every partner before a decision is taken. There will surely be partners that will have to act as managers who will have to take certain decisions without having to consult the entire board. This will include the daily running of the biz and certain actions to aid the smooth running of the biz.

Legal

We discussed that the legal will be handled by a competent barrister to prepare a full Memorandum of partnership.

Partners / Investors
We will now refer to our permanent Partners (Option 1) as PARTNERS and INVESTORS (Option 2) as those that are investing there funds for a fixed ROI (Return on investment)

% for Investors

We discussed that we should have a fixed % on the ROI for investors. It was recommended that we make it a 10% ROI

Accounts

There will be 2 accounts to the company. One is to to handle running expenditure form which regular deposits and withdrawals for the running of the biz. This account will does not necessarily have more than 2-3 signatories who must reside in the same city. While the other account will handle less frequent withdrawals and must have 2 members from the board as signatories.

Profit Sharing

From the profit made, the investors ROI will be deducted and then balance profit shared amongst the partners according to their invested funds. The profit accruing to each partner will be taxed at a certain % to be ploughed back to the biz.
We proposed that I will be taxed 5% lower than other pioneering partners and pioneering members will be taxed between 15% - 20% less than partners who join the company after a period to be agreed by the pioneering members.

Access to information and statement of Account

There shall be unrestricted access to information concerning the biz. Partners whose data is on the banking file shall also have
access to the statement of account of all the accounts of the company at anytime and from anywhere accessible.

Partners and Investors Data

There shall be a compiled bio data file on partners and Investors.

There shall be further discussion on the these and other issues at the next meeting in Lagos before the kick off.

Please feel free to post your questions and I can assure you that you will get satisfying answers that will be beneficial to all concerned.

All interested Partners should endeavour to be at the next meeting that will hold in Lagos. Decisive decisions will be taken.

Thanks
Patric

EVERWIN: @Stpat1
What are you going to put or invest in this business?
Is there only place for investors (partners) or also for business partners?

@EVERWIN, There is place for both Investing partners and Business partner.

hartland: stpat have been calling ur line but its not going through. were is d venue for d meeting.

@hartland, I know you must have been trying to reach me, I am being delayed by circumstance beyond my control Pls lets make it tomorrow (Sunday) by 12 noon. Try to be there

Thanks for understanding.

Ichiebillion1: @StPat1, hoping you are now available,
Lets have the venue for tomorrows meeting posted here asap.
I think 12noon will be fine for time to allow for unforseen delays.

@Ichiebillion1, I know you must have been trying to reach me, I am being delayed by circumstance beyond my control Pls lets make it tomorrow (Sunday) by 12 noon. Try to be there

Thanks for understanding.