₦airaland Forum

ednut1:
if you dont understand why comment

It’s obvious he doesn’t - but you could have educated him.

Esseite:
So in essence another tax?

One question, how much increase has this government brought into the standard of living of the average Nigerian between 2015 & now that they are taxing?. its obvious the N30,000 minimum wage increase is coming with VAT hike at 7.5% or 10%...

How fruitful is the NSITF, or would this join the league of looting loopholes and expense heads?

What have we gained other than violence, thuggery and a dormant leader?

Insurance is not tax.

If you are privileged to build a house, own a car, or any property whatsoever - like shops etc. You insure it from risks. For instance, if the house gets burnt or car damaged as a result of accident - the insurance company rebuilds or purchases a new car for you.

So in essence - it has nothing to do with the Government taxing you, it’s just in your best interest to insure your properties.

Funny enough you can insure your life, your children’s education, or even insure a contract you are about going into.

There are different policies and Nigerians should particularly be encouraged to insure their lives and children’s education- anything can happen to any of the parents.

Yur own responsibility is only to pay Premiums - and that’s why you may need a broker to help you with the best insurance policy.

Hope that helps!

TheAviator:
I also believed that the Court of Appeal is the last court for governorship elections in Nigeria. But I don't understand how and why Wike's own got to the Supreme Court?

this applies only to Election Tribunals for National Assembly and State Houses of Assembly though...

Apparently - Governorship and Presidential elections still go all the way to the SC. I guess that’s why Wike’s Went all the way to the SC

Thanks.

izzou:
I don't know, but this answer of yours just made me dislike Jaguar

So Range Rover na Tata product?

There is so much to corporate governance than people understand.

It doesn’t mean Tata is the sole owner - it only means they hold the majority shares in that company. It’s still a traditional British company - because the management and ideology of the company largely remain British.

Companies invest in successful businesses in more developed societies because of access to larger and more profitable markets. Plus Tata Steel is a a very strong, if not the second largest, steel making company in the UK.

Loads of factors bro.

People sit down behind their phones and argue preferences - as though matters are not, sometimes, decided in courts by factors which are beyond and above the expertise of a Lawyer.

Win or loose - these guys are simply making their money off politicians... no point arguing online over issues you know nothing about it’s outcome.

Cantonese:
So it is exclusively for the rich? How can one buy?

People have money in Nigeria brother... but with time we shall all get there... as long as we work smart and pray hard.

Truthbites:
This isn't true.don't mislead people. Governorship and presidential election petitions end at the supreme court while others like senate, house of reps,state house of assembly end at court of appeal.

Yes - you are right... in this instance. It has been brought to my attention by some other more courteous person.

No thanks.

ayusco85:
If I buy 5000 Naira bond on Wednesday March 27 , for a duration of 10yrs. Will I get upto 1million by its maturity date in 2028?

The article says Minimum subscription is 50million - or did I read wrong?

Obere4u:
Didn't Wike went to Supreme Court?

Yes you are right.

The court of appeal is only FINAL in National Assembly or House of Assembly’s election tribunal.

Appeals from Gubernatorial and Presidential elections go to the SC.

Thanks.

BuhariAdvocate:
someone should help me tell them to stop jubilating until supreme Court decide.

Court of Appeal is the apex for election tribunals.

Mod: this applies only to Election Tribunals for National Assembly and State Houses of Assembly...

Apparently - Governorship and Presidential elections still go all the way to the SC.

Thanks.

Johnnyessence:
If APC claim section...refers them to this...
ABUJA-A Federal High Court in Abuja, yesterday, ordered election petition tribunals sitting across the federation to ignore provisions of section 140(2) and 141 of Electoral Act 2010, saying it was vague, unconstitutional and a deliberate attempt by the legislative arm of government to usurp powers of the judiciary. Nullifying the two sections, the high court equally gave election tribunals nod to declare a candidate winner of any disputed election process brought before it, stressing that provisions of the aforementioned sections were inconsistent with both section 239 and 285 of the 1999 Constitution as amended. It would be recalled that the National Assembly, in amending the Electoral Act, divested from courts the power to declare any candidate the bonafide winner of a disputed poll, stipulating that appropriate action the court or tribunal could take in such situation was to nullify the election and order a fresh one. Dissatisfied with the decision, Labour Party, LP, went to court to challenge its constitutionality. The plaintiff joined Independent National Electoral Commission, INEC, and Attorney General of the Federation, Mohammed Bello Adoke, SAN, as defendants in the suit. However, the two defendants, who were represented in court by Mrs. Patience Osagiede Ofeyi and Ms Olufunke Aboyade, respectively, joined the plaintiff in asking the court to void those portions of the Electoral Act, contending that it ousted the jurisdiction of tribunals with respect to reliefs that could be granted in an election petition. Delivering judgment on the matter, Presiding Justice Gabriel Kolawole, maintained that the National Assembly was bereft of legislative competence to dictate to the court decision it should take over a suit filed before it, just as he described section 140(2) and 141 of the Electoral Act, 2010, as an affront on the concept of separation of powers. He held that the sections smacked off legislative tyranny, in the sense that it removed the constitutionally guaranteed powers of the court to declare a candidate winner of an election, stressing that section 134 and 179 of the same constitution imbued the judiciary with powers to declare the person with majority votes winner of an election process. He noted that the National Assembly deliberately interfered with judicial affairs, saying the two sections were nothing but legislative judgment. According to the judge, “Sections 140 (2) and 141 of the Electoral Act 2010 delimits power of the court to adjudicate dispute between parties in Election Petition. It, therefore, derogates powers enshrined in Sections 4 ( and 6 (1) of the Constitution. “The decision a court can arrive at in any dispute is based on the peculiar facts and evidences presented before it, it is not what any parliament can technically determine. Once a tribunal is seized with a matter in line with provisions of section 239 and 385 of the constitution, it can no longer reside with the legislature to curtail or abridge the powers of that court. “I, therefore, find Sections 140 (2) and 141 needless and an unnecessary intrusion, it is my view that election tribunals can operate effectively without these two provisions. “Consequently, it is hereby declared inconsistent with the provisions of the 1999 constitution and, therefore, null and void. The various election tribunals shall not be bound by the provisions of Sections 140 (2) and 141, it is thus accordingly struck-down, same being unconstitutional.” The plaintiff had in an originating summon it filed through its counsel, Chief Chuwkuma Ekomaru, SAN, prayed the high court to invoke its jurisdiction and declare that the provisions of the said portions of the Electoral Act were inconsistent with the provisions of sections 6(6a), 134, 179, 285 of the 1999 Constitution as amended.

Thanks for this.

I agree with the ratio of the learned Justice

Obere4u:
And if Adeleke loss in Appeal and Supreme Court, democracy will be under fire right?

Let's wait till supreme courts rule on the matter.
All we want is a nation all sectors will be up and running.
Buhari is really trying in not interfering with the electoral body or Judicial system

The Court of Appeal is the apex court for Election appeals in Nigeria.

Once the court of appeal gives its judgment - it’s final.

Court of Appeal is the apex for election tribunals.

Mod: this applies only to Election Tribunals for National Assembly and State Houses of Assembly...

Apparently - Governorship and Presidential elections still go all the way to the SC.

Thanks.

lawman88:
The legal profession is being disgraced. As long as it has permitted hijab, the ethics is already compromised.

Religion always destroy the sanctity of non religious ethics. Can you tell a Muslim that he must use black hijab?

I don’t see how wearing hijabs takes away from the administration of justice.

And BY THE WAY:
Everyone asking why Lawyers still wear wigs and gowns; and why black suit?

It’s simple - barristers in court are in the line of their trade. Same way a doctor will be on white gowns and even a molaliki will wear his work cloths (no matter how dirty and tattered).

By the way you only put that on when you are going to courts from High Courts and above. most solicitors don’t even go to cut - and they are lawyers too.

nanakgh:
Ah what's all the noise about? Lawyers can't wear blue suit in Nigeria?

No they can’t put on coloured suits on robes and in superior courts.

They regulation wear is a black suit.

Perhaps in the magistrate court - in which case you won’t be on robes.

Ozkar:
has to be the Maasai people.

Yes - spot on Bro.

delugajackson:
It's obvious the lions ate to their fill. Try that with a hungry Nigerian lion and see if you will live to tell the story.

If you watch Natgeo wild very well - you would have seen this doc. It’s a tribe in East Africa - they are lion hunters. They hunt lions - that’s their livelihood from generations. There is no such thing as hungry lions with them: they take down any lion than terrorises their village - their villages are often not far from the forest. You can google them - forgottn their name now.

Personally! - it’s about compromising and deciding for yourself what’s most important.

Nigerian girl’s from quite poor background will most likely see you as their ticket out of poverty - but it doesn’t mean you can’t both have a good marraige too - if she is a Christian or Muslim, and her parents have good influence over her.

The ones birth in the UK here have lots of western issues. There is this cultural and ideological difference - and tbh a typical Nigerian man won’t be able to cope with that for the rest of his life - if he is not the patient and tolerant type.

For me - It’s about going for the lady that we share many things in common. Same church (not even religion), same sense of belonging, same life goals, and I can relate well with her family if she is messing up. Wherever she is from - I don’t care! As long as those 3 S boxes are Thicked.

Until then - I humbly remain Single! I don’t want any toxic marraige for myself and unborn kids.

Wow

Omg This is such a sad news.


To imagine that the aircraft is only 4 months Old. I am always praying each time I am on a plane.... levaving the plane alive is simply 0%.

May God grant the bereaved the fortitude to bear the loss...

And please Sue the asses of Boeing!

Desmond Elliot is definitely not a Lagosian & the guy is an House of Assembly member ... Even in the UK and US... you would have to be a citizen to hold any political office.

Smh for this Lagos liberal politics.

garfield1:
Take the case to international bodies ? Na so atiku desperate reach.its not by force to rule.

The dude spent too much money. I heard he spent almost $5m! Altogether - don’t know how true.

The problem is that he had been lobbying with money from before the PDP Primaries. Tambuwal and likes actually stood a chance.

And the whole social media buzz decieved him - with media votes. Tbh - I don’t see him winning this case. Most people that voted for baba on social media didn’t actually come out to vote.

But the northerners really came out enmasse for Buhari.

asobo:
Thanks bro for the clarification. I don't know her as it regards election matters that is why. There are several of them doing well in other area of specializations, e.g those in the oil and gas are have some big names there who are not popular too. Thanks

You are right. She is a Partner at Aelex - so personal representation of politicians would not really be their thing; that’s why they are not known. They make their money off Corporate organisations not media publicity.

But in this country - bigger money is made with Politicians. Imagine how much Paul Usoro alone made with Akwa Ibom Governors case. They are being pursued by the EFCC now.

Oyindidi:
I wish this man no win today. He is too desperate

I agree

asobo:
A lawyer is as good as his/her last case. Can you make reference to any case she has handled before. People make reference to Wole Olanipekun

Funke Adeboye SAN is one of the biggest deal in Nigeria’s international corporate law practice. She is currently Vice President, International Council for Commercial Arbitration [ICCA]; ).

I don’t really really think Election petition is a strength at all for her / but Atiku has been alleged to wish to take the court to international bodies - which means her expertise may be required!.

Oluwasaeon:
Damn! Uncle Sonde

You know the man?

ozodigboo:
Chisos !!
See as one man who calls himself the Emperor of Lagos, lined up grown family men in his backyard, under the sun, talking to them like small pikin.
I give up.

It’s the rUle of nature... even lions have a king in the pack / and wolfs have an Alpha.

okomile:
The children will ask for their family when they grow up. What will you do then?

From the story - it seems the man is based in Nigeria. If you ask him - it’s in those kids best interest they continue their lives their. He will always be their dad... I am sure he can alwaysgo over there to visit them if he genuinely cares ... Buh Nigeria s no good for them!

karlboss:
had this idea last year while I was in the village of distribution green stove to stop people from using firewood to cook. It was clear to me that clearing forest for firewood and cooking with firewood is a double edged sword that is causing global warming big time in Nigeria.

So are you saying if I meet access bank to give me money for my green stove project I will get funds?

in essence - Yes.

But you know they are loans - you would have to pay it back... so you would have to have a clear means of paying it back accordingly to the Loan Agreement.

Your stove idea may work - if it’s fast and competitive (Price) in respect with the new gas cookers - but it may not be too cool to get a loan to do that on a large scale if you don’t have a backup plan on how to fund the loan should you not break even.

I am only a lawyer btw.

berildan:
Not an economist but can give my two cents. Essentially, green bonds are like a pool of funds available to investors (think energy companies, or SMEs) who are looking to execute major renewable/sustainable infrastructural projects. These could be anything from purchase of energy efficiency infrastructure to deployment of offshore wind-turbines.

How do investors get returns?
Ideally investments in such green projects should provide financial returns to the borrowing investor who then pays back any borrowed funds. These come back to the bond investor with some form of gain which isn't taxed.

Where do the funds come from?
These could be raised from investors through financial institutions who serve as a hub. Investors could be the public sector or private individuals looking to invest in sustainability projects as described above.

Why Would investors choose green bonds over taxable bonds?
Because returns on these bonds are not taxed. This is an incentive from bond issuers and the Climate Bond Standard Board to encourage investment in Green infrastructure.

All of these is just my rough thinking. Can use correction from more knowledgeable folks here.

Spot on and largely true!

Femich18:
Someone should please help to explain the impact this will have on the economy and the common man cos I don't seems to understand any of the Jargons up there

man2frayo:
Economics students please rescue me, what is the green bond about and how can I an unemployed graduate of mechanical engineering benefit from it.

Lawless101:
how I wish I understands better.

mamaafrik:
this op too self that is just writing grammar without considering we the son of the plank sellers wey dey hear.We no go Queen's college jare

Green bonds are taken to finance Environmental friendly and sustainability projects - aimed at renewable energy instead of fossil fuels like Crude oi (Gas, Petrol, Deisel engines etc.) or Coal powered engines - like this old locomotive trains etc.

So you don’t just borrow the money - you certify that you will use it to fund projects/infrastructures that fosters clean transportation, sustainable water management and the cultivation of environmentally friendly technologies etc.

Think about Climate change issues generally...

Problem is that the FGN should be the one issuing this bond - in order to meet up with Nigeria’s commitment under th Paris Agreement. I don’t imagine Nigeria will meet up with its INDC with the manner in which we keep encouraging crude oil products/refinery in this country.

Hope his helps!

mrvitalis:
Its an insult for Nigeria to answer to a British court

I would never do that as president

Smiles... calm down bro...

Usually contracts specify the Law and Court to resolve any dispute which arises...

Most contracts with international companies pick a neutral ground - usually the UK because of it’s developed Laws and speedy resolution of dispute.

You can see cases of up to 30 years just reaching the SC in Nigeria. And international companies don’t even trust your Judges to adjudicate rightly (often without hidden bribes).

No offence - but if you are the president - you will also accede to such clauses: afterall they go abroad for medical treatments too.

propsvila:
Ler me tell you what you don't know

I and my Team of Investigative Journalist carried out a Research on poverty in Nigeria our first point of contact was Lagos and I will tell you that with the classified information at our disposal, Citizens from South West are suffering from an endemic poverty but their Ogbomosho Media will carefully exonerate them from the join join report of poverty in Nigeria.


Yorubas has the highest number of professors because they merely depend on title. Can you tell me categorically the economic value of your so called professors.

The backbone of every country are the Entrepreneurs who catalyse the economic activities.

Without the Igbos I wonder how your so called developed region will look like.


Don't hide bedhi d Lagos and Ogun which is like a twin Brother of Ogun tell me the State in Ekiti, Oyo, Osun, Ondo that can compete favourably with small town of Nnewi in terms of industrilization.


Infact all the credentials of South West are merely on paper tell me what the South west region has single handly done without the help of other regions mostly igbos


In terms of genuis let me remind you that South West cannot stand South east I will give you a fully compile list of the genuises from the south east if you quote me again

Don’t be an ethnic bigot. There are many things that genuine love can do- for example, loving your neighbour as yourself. There is no such thing as SW Nd SE- we are all Nigerians.

RealityShot:
popular WHERE?


I DON'T even know the name of his PARTY !

It’s AAC sir