₦airaland Forum

Wealthoptulent:
Ewo, wicked employer.
Make one person go reclaim money, no police or law enforcement agent involvement.

Why send someone to collect money anyway? The loan agreement must have collateral attached so since the borrower is in default just call in the loan. That is the end of the story. Am I missing something here?

oyin44:
😃😃😃

abeg, zombidiots we need to contribute more money into yesufu 's purse ..so that obi can win Lagos

I am sitting this one out. It is all Muslim affairs. Pull up the chair with popcorn and enjoy the show.

SpatialKing:
You came to campaign
Yet you insult an entire region

The most shocking thing about the whole thing was seeing some Igbo still standing on the same stage and supporting this dead man walking.

omonnakoda:
yes or no?
Was a loan involved?

Yes It was funded by borrowing. Give me evident that it wasn't, I have given you three sources

oyin44:
God is great....

This is massive ...

tinubu 's oppositions should forget all the whole state in south west plus kogi, kwara kano, kaduna bornu, zamfara,Niger

At least, For now..

Kindly study geography first before jumping on your dead man-walking candidate. So Kaduna, Zamfara, and Niger are all in the SW now? Not only is your candidate senile even his supporters seem to be delusional

omonnakoda:
Was a loan involved?

Since you can't seem to see in the article what even blind Stevie Wonders can see I will paste it for you

Nigerian President Muhammadu Buhari has marked the opening of a $1.5 billion, Chinese-funded [/b]deep seaport in the commercial hub of Lagos that authorities hope will help grow the West African nation’s ailing economy.

The Lekki Deep Sea Port is one of the biggest in West Africa and will create hundreds of thousands of jobs in addition to easing cargo congestion that costs billions of dollars in annual revenue, Lagos Gov. Babajide Sanwo-Olu said Monday.

The port — whose container terminal is able to handle at least 2.5 million 20-foot standard containers per year — will be operated as a joint venture between the Nigerian government, Lagos state, Singapore-based Tolaram Group and state-owned China Harbor Engineering Company.[b] Both foreign companies own a majority stake of 75% in the project.


The whole thing was funded by China and Singapore will you get that through your cement head. I know that you are a mouth piece for the government but at least learn when to cut your loses and move on.

omonnakoda:
This is where you take your craze and go. Foolish man.
Do not go about spreading lies
There was no loan involved in this project

Nigeria bets on Chinese-funded port to drive economic growth

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwi0xLax1eH8AhW7RjABHSmUADkQFnoECAwQAQ&url=https%3A%2F%2Fapnews.com%2Farticle%2Fnigeria-government-china-muhammadu-buhari-lagos-b925ec9a4569da06d7e73a90993f64e0&usg=AOvVaw2c9oMgX8Wcim2QWzwa2WBb

I thought you said no China Loan was involved. The whole project was funded by China. Partner I do my research before I say things. Here is another link

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwi0xLax1eH8AhW7RjABHSmUADkQFnoECD4QAQ&url=https%3A%2F%2Ficlg.com%2Falb%2F10373-chinese-loan-secures-funding-for-nigerian-deep-water-port&usg=AOvVaw0UrMDKm_6uOB4U6Zi0GXYw

omonnakoda:
Evidence? You are foolish and proud?
Explain the details of the loan and source of c!aim
Lekki Deep seaport WAS NOT built with a loan

This is where I get off this crazy bus. I have reached my bus stop. Take Care

omonnakoda:
Actually I have not called you foolish.......yet
You are talking foolishly which we all do sometimes what is important is that it is not the default settinread and comprehend
Then stop talking foolishly
China did not loan us money

Here is your answer
In October 2019, the Lagos State Government signed a $629 million financing facility with the China Development Bank (CDB) for the Lekki Deep Seaport. The first tranche of this loan was disbursed by the Bank in April 2021.
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I guess China loaned Nigeria the money after all.

omonnakoda:
Well you do not know all you need to know which makes you foolish
They have a 45 year concession contract nd during that I period 25% belongs to Nigeria with will still charge duties and other taxes
After 45 years the concession ends
What is the ownership structure of NLNG and other Oil industry JVs
Of Dangote. Obajana?
Stop making noise

Why are you taking this so personally you using so many adjectives to describe me? You don't even know me but that ain't stopping you from calling me foolish. Well, it is true what people say that God must love stupid people because he keeps making so many of them.

omonnakoda:
Did China loan us money for this? If you do not understand what is happening keep quiet and ask

Stop ranting like someone who has drunk awuf beer

China Harbour Engineering Company Ltd 52.50%, Tolaram 22.5%), the Lagos State Government owns 20% while Nigerian Ports Authority owns 5%. If you are still in denial see that bold words that is China

omonnakoda:
Did China loan us money for this? If you do not understand what is happening keep quiet and ask

Stop ranting like someone who has drunk awuf beer

They own 52% right, That is all I need to know

omonnakoda:
A salad of nonsense and unfounded incoherence and paranoia in short
Rubbish

When a country loan to another country in debt money. Partner you need to pause and look at the big picture. If you think China is doing all this infrastructure in that country because they so much care about that country well I have an oceanfront property to sell you in Iowa. the USA is spending over $10B in Liberia this year for port construction and another $5B in Senegal guess what port construction ask yourself this question why are all these countries catching port construction bugs at the same time?

saphiere:
As far as a man is in charge of the affairs of this country, these three things would be very far away from this country.

1. UNITY

2. PEACE

3. PROGRESS

The FUTURE is FEMALE

Even women won't vote for another Female as President. I know this as a fact. God forbid she has hot flashes there goes the nuclear button being pressed.

viodemus:
I am on the fence about praising this project.

I am happy for any project that pushes Nigeria to greater heights.


Disclaimer:
I haven't commented on this issue because I didn't have the specifications, and this information shed some light but not enough light on the project. This is not a military site, where structural and engineering information are ambiguous by information design.
I will be criticizing this project based on the general information that has been provided. I have no researched information to the specific of this project. I only ship my containers for import or export to the ports, and go clear them through the unprofessional staffs that many people experience at the ports.


Anyways, 1st off, this was a very expensive project by a long mile. For 600meter and just two shipping berth, this is too expensive at the $1.5 billion price tag. The port at long beach california, was expanded, over 10 shipping berth added, with the labor fees for the American workers - that covers health care, paid time off, injuries, nstural emergency situations, etc. It was less than $250 million. This long beach port, had seismic designs features included to the project, all manners of fire containment and protection, etc. Overall, the price of construction for the whole port, if built today, might be a little over $3 billion. Remember, this is the busiest port in the USA. Over 65% of import and export go through this port. If anyone, has been there, you will know what am talking about.


Now, we have this Lekki port, that is 2 ship berth, for $1.5 billion. There are no engineering specifics like telling us what features might have been added during construction to make it that expensive. So, they borrowed money ( please ignore where they said china and foreigners have a small percentage, let them post the original document of agreement. They borrowed huge money to build a hut. This is a hut when compared to serious ports. also know that, it is not only about the ships, they also have to have features that will make inspections, container handling, and container releasing to be seamless. That might have been included or not included in the deal.


Long story short, we were duped. Korokoro duping. It is not different from when house of reps, charge the treasury excessive amount for their toiletries, feeding, and accommodation. This project is a scam, and I wish more details are released for transparency reasons. When someone in a race, take one step and stop, that is not progress, that is effort but not a good enough effort. We were duped, from what I am seeing from the already released information.


We need to have the project information released, including materials fees approximates, labor approximates, machines used, a more detailed scope of the project, etc It is good to know these things for posterity, and it can also help future construction engineers learn in many ways, including knowing that many in Nigeria might criticize the project due to information. If it were a military project, they will hide their firewall specifications, the scope of the project, and other vital information. As this is, now, this is not a military thing, so they should release more information on specifics, because I honestly doubt the amount of this project. Also, it will let our leaders know that we are not aloof and ignorant about how Nigerian borrowed money are spent. It will let the next administration know that they can't just tell us anything and it will fly.

Partner let me let you in a secret this port was constructed to enable China to offload military hardware into Nigeria in the event there are any disruptions to their oil import. Google Strait of Malaga then you will understand. if ever war starts in the south china sea the first thing the seven fleets will do is blockage of the strait of Malaga. After that clock starts ticking on Chain (50 days) they will be out of oil. Start looking at the big picture people. China investing their money is not because they like Nigeria. The USA is doing the same thing in Liberia. Liberia was founded by the USA

dubaino:
there are seaports at Warri, Koko, Lagos, Onne, Port Harcourt, Calabar

Currently, apart from the Onne Port, most of the other ports servicing the Southeast, South-South and the Eastern flank of the North are virtually idle.

Despite having six seaports in Nigeria, Apapa and Tin-Can Island Ports in Lagos is the only one functioning properly.

NOW THIS ONE IS IN LAGOS AGAIN.....

WHAT HAPPENED TO OTHER STATES WITH DEEP-SEA?
na only to collect our Oil them sabi

I think you are asking the wrong question. You should be asking NDDC what have they been doing with all the money given to them. SS and SE need to look inwards for solutions to their underdevelopment. Neither the North or SW are not the cause of your problem.

BluePrincee:
The shareholding structure of the Port is as follows: The Lekki Port Investment Holding Inc. (international consortium) owns 75% (China Harbour Engineering Company Ltd 52.50%, Tolaram 22.5%), the Lagos State Government owns 20% while Nigerian Ports Authority owns 5%.


What kind of math is this? All the percentage put together is supposed to be 100% who wrote this na? This is the more you look the less you see😭😏

(China Harbour Engineering Company Ltd 52.50%, Tolaram 22.5%), the Lagos State Government owns 20% while Nigerian Ports Authority owns 5%. In essence China owns the port. Is that clear

Goodlady:
It's not proper. You didn't provide the money.

The mere fact she took you to see her parents say a lot regarding what she thinks about you.

KabirHakeem:
Hello Nairaland,

I need an advice, I am trying to purchase a clean 2005 lexus es330, but a mechanic advised against it and told me to buy a camry instead (Be it same year or a muscle).

According to him, lexus es330 is expensive to maintain and harder to get a good mechanic on the street in emergency situations.

Please share your advice from your experience.

Nope interchangeable parts 1999 to 2011 toyota v6.

nony43:
Buhari has failed to endorse him, Obasanjo has failed to endorse him, Jonathan has failed to endorse him. No past president has endorsed him. Even Osinbajo has not endorsed Tinubu
But it is you, who barely eats a meal a day that is shouting "on your mandate we shall stand"
Bulaba

Lol

Newton2024:
Seems you are the one that will vote on behalf of Tinubu. I'm Yoruba and I've not seen more than one person surpporting him.

Me neither, and I am also a Yoruba. Tinubu is a dead man walking as far as I am concern.

nanauju:
nice one

I don't know about that. I once dated a girl when i was in University that had the name of her ex-boyfriend tattooed on her ass. every time I was in the back and I sees that name Chris my thing just lose the hard-on mere fact of thinking that Chris has been there just pissed me off.

SultanOfPuna:
He is 1000% correct

Without the Father's sperm
That Egg will flush out as period straight to the toilet.
Because the Egg is useless without sperm
That's why the body flush it out.
So sperm is very very important
The sperm giver is the Father

The Father is the Leader of The Household
All responsibility is on his neck

All monetary gift should be given to the Father.

Partner, you can buy sperm at the sperm bank for $50 freaking dollar. Buying an egg is an entirely other matter. So which one again is more important? I know of a black woman here in Miami making over $200k a year that has had two kids each time she bought sperm. The kids are doing fine. Too bad women in Nigeria still think you need to sleep with a man to make a baby. The world is freaking changing. Go to any sperm bank you will see the line of men donating sperm for money. Just wait until science find a way to preserve the sperm then they will be selling it on Amazon.

nkem1992:
He paid for it.
Anybody could buy security, just have the money.

Those are Government personnel though. !!!!! If they were private security people I have no problem but using government personnel whoa

Didijiji:
Mannabbgqrills
ihordspy

other urchins

Damm you beat me to the punch. Where are those mouthpieces now?

Originalsly:
I hear you... but said in urban settings.... how much space is your personal space when someone is always half a breath away? A recent ruling by the Supreme Court? now allows New Yorkers to carry conceal weapons. Everybody is against it because they know what will happen. As is now ... you get caught with a gun is mandatory prison time. In Nigeria it's different and things would get out of hand real fast because of very poor law enforcement. Fulani's were allowed to be armed to protect their cows .... see how well that worked out? UGM or whatever they are now were armed to protect the Igbos from Fulani attacks .... see how well that worked out?.... now what can we project will happen when ordinary citizens are all armed?.... besides shooting the theifing politicians on sight? It's a slippery slope.

The latter alone justify ordinary citizen carrying a gun anything against the politicians in Nigeria is fine with me. On a serious note Texas per capital basis has more gun ownership than any other state in the Union. How then can one explain why there are more homicides on per capital basis in Chicago (Illinois has the most stringent gun laws in the country) than in the city of Houston in Texas? Do you know why there are practically no armed robberies in US homes? maybe it's because there are guns in 90% of US homes.

Originalsly:
In urban settings every man with a gun would lead to an increase in gun violence. One workmate had a friend who always packed two guns in this anti gun city .... he was shot dead ... never had a chance to use his protection. There will always be criminals .... and if one knows or suspect you are packing... they will shoot first rob later.

I like my odds partner. I live in a stand-your-ground state. If someone invades my space I have the right to shoot first and ask later. That's what makes Florida different. Those Northern states with their anti-gun policies amaze me. The only thing that can stop a bad person with a gun is a good person with a gun.

Originalsly:
I'm sure you nor anyone close to you never get robbed or seriously wounded by these robbers .... or .... you're part of a robbery squad. I'm looking forward to more of this kind ruthless criminals be given death sentence. .. seems like death sentence is now trending.

This can be easily fixed. Let everybody start packing heat. Not being able to carry a gun is one of the main reasons I refuse to visit that country. I have 4 guns, 3 handguns, and an assault weapon AR15 that I just use when visiting a shooting range. I just can not imagine leaving my house without a gun. I have had my gun permit since 2000

tdayoojo:
This judgment is not fair. How can you give capital punishment for robbery? Was the robber caught with gun or weapon of mass destruction ni?

aggravated assault first degree with death is 15 to life
aggravated assault second degree with death is 15 to 25
aggravated assault third degree which is what we have here max is 7 years serve 4 years parole 3 years

This is why we have so many shootings in good olde USA. Try to shoot but don't kill . When someone tells you they can do 7/4 on you trust me you must have pissed that person off. 15 - 25 partner you died

Blue3k:
You're arguing blindly I didn't comment on the merits of the judgment. Nice try attacking a strawman. He was sentenced to death for an armed robbery. This isn't about the Naira amount he stole.

Partner even the State of Mississippi is saying Wtf. Just for stealing the equivalent of $60. Aggravated Assault with malicious death is 7 years served 4yrs and 3 years parole. Gotta be that time of the month for that female judge. Goddammit

Dsalvo:
Lol. If Tinubu is a "clown", and I am sure leaders the world over will differ with your garbage utterance about Asiwaju, then can you point us in the direction of 'serious' political leaders in Nigeria?

A "clown" who single-handedly created and developed ACN to become the official Nigerian opposition Party to the powerful and well-entrenched PDP, by 2013, in a few years?

The same "clown" who proposed and worked for a merger that took APC all the way to Aso Rock despite PDP boasting it would be in power for 50 years?

Just show anything close to that in the CV of Atiku or Obi and I will agree with you Tinubu is the biggest clown in the world.

Yet the reality is that you are the clown even if you do not realize that.

For a mouth piece, I gotta admit you are worth every dime they are paying you.

Banbutton:
The Job you gave to me, oh you think I'm in Nigeria with you you failed even In your thoughts.

Dang, why are you coming at me like that? I was just giving you a piece of advice at no charge. C'mon, partner ain't no need to come out of the woodwork on that.