₦airaland Forum

backbencher:
If you subsidies petrol from modular refineries, they would run at a loss.

Like now, assume it costs N362 to refine one liter of fuel in the modular refinery. Government comes in and tells that refinery to sell to the market at N152 per liter., pays a subsidy of N210 per liter to cover the loss.

Next year, costs go up to N462 at the refinery. Meanhwile, government revenue is not adequate enough because of our large populaiton. Would you support a rise in subsidy payments to keep the sale price at N152?

Or would you let the modular refinery make a profit by selling the fuel at N412 per liter to the market, and recoup its costs, and pay for expansion and upgrades?

Have been following your rebuttals (answers) keenly and I think I should chip in here.

Going by this quoted analysis, even if government allows modular refineries to determine cost of PMS, Nigerians will end paying an increment of about 5% every month on PMS. In one year, the price would have been adjusted 12 times and in 5 years time, I am sure no one would be able to afford fuel in Nigeria, because according to you, cost of production will always go up.

You should know that Nigeria currently pays subsidy in dollars, including the cost of importation and other expenses like landing cost, etc. If that amount is paid locally, it would reduce the strain on the naira. When the naira is strong enough, it reduces inflation. Nigerians will be able to afford food and other essentials at cheaper rates, then you can bring removal of subsidy to the table. Let's say we use 5 years to subsidize it locally and in those years, strengthen the naira, after five years, we will have enough foreign reserve.

Now, politicians have succeeded in their plans; every calculation you make now must include Dangote refinery which is co-owned by so many politicians with Dangote as a front. They have shortchanged Nigerians by another 50 years.

As it stands now, Nigerians will NEVER buy fuel cheaper than it is today, whether deregulation or not. The petroleum sector is gone forever, I mean forever. They will soon face the next sector.

So painful to be reasonable and be a Nigerian!!!

Fbisshit:
Seun give this man a bottle of orijin in my name with your money...

Seun and Mynd44 no go do am o, them be aka gum!

XXXXTENTACION:
Your analysis is flawed... You failed to include China, North korea and those middle east countries (iran and iraq) which are great allies of Russia. Vladmir putin visited China before this invasion saga...
If you read more intelligent analysis on the web you discover that China and that North korea are reserves, waiting and observing how the west (u.s.a and NATO) handles Russia before making their own moves...
The game does'nt end with Russia...

North Korea has taken great advantage of this distraction to develop their nuclear program and test more missiles...
while we are distracted by Russia, North korea and China are busy preparing themselves...

Lol! China will ask in Eminem's words, why be a king when you can be God?

The whole world is not playing this one chessboard Sir. It is championship and we could very much say that China has made it to the finals and waiting for winner between US and Russia. China hates anything that tempers with her economic strength. Why do you think they have been pampering Taiwan and now, Hong Kong?

Why will China join a Russian war when they can easily allow Russia to be depleted, thus make them rely on them for loans? I laugh those who still have not seen through China's gimmicks. They prefer to leave you hang dry and bail you out with loans that would drown you forever and that is exactly what would happen to Russian relationship with China, more of Master-Slave from now onward.

The Asians want a piece of the pie (Western Economy) that is why UAE abstained from the vote at the UN, because of their heavy reliance on tourism and Russian oligarchs spend a lot in Dubai. What does China stand to gain from a battered Russia now? Lol.

It's funny how people think that China will joepadise their opportunity of remaining a world best economy by coming to Russia's rescue. When China's biggest market is Europe!

EasternActivist:
Who ever that is saying it, is simply daft lol

What does USA stand to loose?

The economy of russia is already in comatose.

Sanctions and ban from all nook and cranny

They wanted to bather Russian image and that is done. US or NATO will never fight Russia and that is same in the opposite direction, because you can't fire a nuclear warhead from you country without also destroying yourself.

The want to destroy Russian economy and render them useless. Russia will be painted in debts and struggling to wriggle out of that, which will give US ample time to move weapons all over the world. At the end of it all, it boils down to who has the most influence.

Danjikanbauchi:
@ op you too much well calculated.

Thanks!

Faber:
This is the best analysis of the entire game. The West are not even interested in Ukraine...their target is Russian image in the World and her economy and they have achieved that.

They are not even taking Ukraine's application to join serious.

They set a trap and my guy, Putin fell right into it.

ruggedtimi:
Ukraine exposing the king...Russian so far has lost a rook

Very smart! And that would be Germany.

You see Germany were vertical with US and also horizontal with Russia, mainly because of their reliance on Russian gas. They are the only nation holding the SWIFT ban but that has changed now. Germany has been forced to change a very old policy of not allowing her weapons into conflict infested regions. They are also sending 1,500 anti aircraft and other weapons to Ukraine.

The best way to put it is that Russia has lost a rock!

TheWolfen:
I doubt.
Putin is still playing his Knight piece.

Yeah, playing his Knight at the expense of the King, how wise!!!

MadamVanessa:



I laugh Putin puppet here on nairaland that says Russia will outshined USA

Like who born Russia when it comes to war? Can they withstand the grievances of USA if they want to unleashed it on them.

They are actually smart or cunning, but you cannot beat a combined team of US and European nations at once.

Biafran4life:
Just like Ukraine is the pawn meaning it can be sacrificed easily for world Peace

Of course! Only Russia sees it as do or die

fourboys:
It's game over for Putin

Seriously, he can't successfully fight the war in two fronts at the same time. He has to pick his priority.

Background: The continued Russian ''Special Operation in Donetsk'' or otherwise known as ''The Russian Invasion Of Ukraine'', depending on whose side you are on, , has elicited thousands of reactions across the world, most especially in The US and European Nations, not leaving out our very own Nairaland war specialists and strategists! There have been overwhelmingly united voices against Russia in what the West now regard as ''War Crime''. If you clicked, opened and you are still reading this piece, it means you know the story already, or I assume you did. This Wikipedia Article captures it more precisely with every detail needed. Feel free to read on.
For those of you who are in the know, let's address the topic at hand!

Chess is an abstract strategy game and involves no hidden information. It is played on a square chessboard with 64 squares arranged in an eight-by-eight grid. At the start, each player (one controlling the white pieces, the other controlling the black pieces) controls sixteen pieces: one king, one queen, two rooks, two bishops, two knights, and eight pawns. The object of the game is to checkmate the opponent's king, whereby the king is under immediate attack (in check) and there is no way for it to escape.

Wikipedia

Chess is one of the world's most popular games, played by millions of people worldwide. And it is mostly regarded as an elite game that boosts man's psychology during warfare, negotiations, deep calculations, and advanced diplomatic strategies. For Epic or classical movie lovers, you would've/must have seen a chessboard very prominently placed on the war strategy table in such movies like Game Of Thrones, Pompeo, even Hercules, and more.

The game is like a model or simulation of an actual war. In the game of chess, players must take into account numerous factors such as the value of the pieces on the board, control of the center and centralization, the pawn structure, and the king's safety.

I have bolded two key factors above and those will form the bulk of this article; Value of the pieces and king's safety. I know you are almost growing very impatient now, asking how this relates to the special operation in Donetsk or if you like, the war in Ukraine! Just chill, we are almost there now.

First, let's look at the Value of the Piece and how that affects the overall flow of the game or determines the winner.

Usually, pawns are considered worth one point and that makes them less valuable in the entire board. Knights and bishops about three points each, rooks about five points, and queens about nine points. The king is more valuable than all of the other pieces combined since its checkmate loses the game.
It is important to note that the value attached to each piece on paper becomes entirely different from its value when faced with an unprecedented threat and forms the basis of my article.

Putin or Russia (going forward, I will be using both interchangeably, so take note), consider Ukraine as ''The Queen'' in the ongoing game of chess ( pardon my lack of empathy for the ''lives lost in Ukraine'' for regarding it as a game instead of WAR, I'm just trying to make a point here). As mentioned above, the queen is the second most important piece on the board, next to the king. Putin sees the Ukrainian alliance with the West as an immediate threat to the king, Russia. Therefore, in order to protect the king(Russia), Putin believes that he must first secure the queen(Ukraine). Putin has demonstrated the value of the queen to his chessboard by committing hundreds of millions of dollars in ammunition and strategy towards securing her from the West.

But does the West see Ukraine as a Queen?

Here, comrades lie the best strategy employed by the US and the West by extension in this Game of Thrones. After the fall of the Soviet Union which succeeded the end of the Cold War, the US started the expansion of NATO into the Baltic region, securing membership of Estonia, Latvia, and Lithuania, which were former Soviet republics. In the same swoop, the former Warsaw Pact: Bulgaria, Romania and Slovakia and former Yugoslavia: Slovenia, were ''captured'' by the US, sorry, NATO. Those countries are mostly neighbours of Russia and their memberships in NATO means that the US can bring weapons and artillery close to Russia borders, a situation that threatens the hell out of Russia, thus Putin's insistence that her queen must not fall into the hands of her arch-enemy, the US.

The mistake (my opinion) that Putin made was to portray Ukraine as too valuable a piece to lose. The West harped on that obsession and still does up until this moment.

But How Do The West Value Ukraine In This Game?

While Ukraine is a Queen, and very valuable to Russia, the country is just a pawn to the US and the West. We have established that the pawn is the least valuable piece. The West made it appear as they would kill for Ukraine. Before Russia's operation or invasion, the US, the EU, and NATO issued a lot of threats and vowed that there would be adverse consequences, should Russia dared to enter Ukraine. The West knew Putin does not take threats lightly. They knew that Putin is a proud man and one who abhors intimidation, so they constantly granted press releases and made Ukraine look like a queen. These ''hysterics'' as Russia has now come to recognise upped the value of Ukraine to Russia.

Eventually, Russia called their bluff, or so he thinks. Then first was the US president, Joe Biden who emphatically stressed that US forces “are not and will not be engaged in a conflict with Russia in Ukraine,” Surprised? Don't be! Here is what NATO chief Jens Stoltenberg said ''NATO has no troops inside Ukraine and has no plans to send any into the country''

Russia was tricked into believing that Ukraine was the end game, rather, Russia is!

Russia left the king exposed, fighting to secure a supposed queen, who in reality is just a pawn to the West. Now the king is in check ( under serious attack). And as a rule in the game of chess, when the king is in check, you must abandon all other pieces to save the king, that is if you want to stand a chance of winning. Because if you don't, then CHECKMATE!

Goal, Arsenal wins

Benwallt:
Hmmmm, kudos. You reasoned ahead of me. It will definitely affect if uk govt go all out bonkers but Abramovic being a long time investor could be overlooked if his rapport with Putin is not deep. I heard from past that he ran away from Russia because Putin wanted to hang him by the balls then. If after careful check they found that he has no close affiliations with Putin, I am not sure his business with be badly affected.

Very true.

Benwallt:
FIFA should generate another opponent for Poland and ban Russia from all their competition. UEFA should follow. They should end the current uefa champions league and give the cup to Chelsea being the current holder.

But the same Chelsea is owned by a Russian who is rumoured to be an ally of Putin. With the current sanctions placed on Russian investments and their Oligarchs, hope it doesn't get to Chelsea FC.

FIFA/EUFA must find a way to separate this war from our only hope of a united world, Football!

How will Russia vs Poland world cup qualifications be, since the West are banning Russian flights and all that?

Mynd44:
Gbas gbos

Without verifying the validity of OP's claim that this culvert leads to Cameroon, you already basking in euphoria, confirming why many here allege that you are biased and tilt toward the government of the day, though you moderate a public forum and media platform at that. Really sad, so sad.
Now I know why the likes of Abati and Adesina, two respected journalists became utterly disgusting when they got to Aso Rock. Obviously, he who pays the piper detects its tone.

Have a nice day, please!

AnonPoet:
Timeline: February 5, 2021


https://twitter.com/toluogunlesi/status/1357736213369810947?t=e3o8BBN21VTYTqwkvNiARQ&s=19


Note that this bridge leads to Cameroon and would increase trade between Nigeria and the neighboring country.

I remember the noise made over the Railway leading to Niger and how some people ignorantly said it was due to tribe. I guess the people here are also Fulani.

This is my first comment here, in over two years.

You are so very far from the truth if you claim that this bridge connects Nigeria with Cameroon. The bridge begins from the other end of Ikom(Ikom town) and merely crossed the Ikom stream, linking with Yala Ikom and heading to Obubra. Just stop misleading people here. I know this because I am from there. I lived in Four-Corners.

Says the ancestor himself!

You benefited and surrounded yourself with ancestors like you, yet forming likeness for youths. God pass you I swear.

emkz:
First, I put a like on your comment.

Secondly, I suggest you comment more so that folks be more informed. Most threads are taken over by ignorant folks who arrogantly advertise their ignorance by throwing insults.

Thirdly, I cannot attack you. I know a matured mind when I sense one.

Finally, your argument is spot on.

Yet you speak as though you are 200% sure money was in the bullion vans. My issue here is that our emergency journalists and latter-day activists are shouting that Tinubu should be investigated because bullion vans entered his house. No one knows what entered the house with the bullion vans, it could be money, it could be election materials, they could be empty to even pick up money from Tinubu's house. Until someone can have enough evidence to present a sensible petition, these people are engaging in an exercise in futility.

Your argument that making transactions above 5 million being illegal does not mean it is not happening. Many of the wealthy northern oligarchs are doing this everyday. The point is that no financial institution or regulatory agency has flagged Tinubu for financial impropriety concerning those bullion vans. So on what basis should we investigate him?

Citizens can only petition the agency responsible for investigation and prosecution Sir. The agency will then begin investigation!

Did you read how the FBI investigated Ramon "Hushpuppi" Abbas? In case you did not, check this thread: https://www.nairaland.com/5980901/fbi-tracked-woodberry-via-iphone.

No Anti-graft agency should expect citizens to present evidence before one can be investigated.

Once there is a complaint(petition), the EFCC should have carried out investigation and then decide if crime has been committed or not, which in this case, Magu did not imvestigate! Get the point now?

Yes, on daily basis, a lot of illegal financial transactions take place. And they are two many people aiding and abating such. Ranging from banks and other financial institutions.

Take the US for instance, any transaction above $10k requires one to submit a proper means of identification. While in Nigeria, bankers take cash to politicians' homes, the case of Fayose vs Zenith staff, 2018 comes to mind.

We should learn to hold people accountable, irrespective of their social status. That A did it does not make it right for B to do.

By the way, thanks for the compliments.

©WikiGuru

wirinet:
Do you have evidence that Tinubu accepted more than N5 million from any non financial institution?
Do you also have evidence that Tinubu gave anyone more than N5 million without passing through a financial institution?

And you claim to have vast knowledge in legal matters.

Respectfully Sir,
The evidence will come from a Subpoena.

Meaning of Subpoena: A subpoena (/səˈpiː. nə/; also subpœna or supenna) or witness summons is a writ issued by a government agency, most often a court, to compel testimony by a witness or production of evidence under a penalty for failure.

Tflex01:
So the money in Bullion van was withdrawn from the counter. How sure are you that the money was from a single account

Who told you the money is from any of the commercial banks

1. Those Vans are registered to a company

2. The company is most likely (80% certain) registered with the necessary agencies; CBN, Corporate Affairs Commission, Credit Bureau, etc.

3. The Vans were driven by humans.

3. Those humans know where they took the money from.

4. People loaded the money with a MANIFEST, which most likely (90% certain) contains the actual amount, origin and final destination.

Finally,
5. Ever heard the word Subpoena?

The prosecuting council just has to subpoena the drivers of the Vans, who will under oath, give the name of the company contracted. The company gives the name of the bank, the bank produces the manifest, which will reveal the content and exact figure in those Vans.

Please note that, it is not a crime to move any amount of money around, so long as you are within the country. Again, you can have as much cash as possible in your home, no offence at all!

But,

Making or accepting cash payment exceeding 5million is a criminal offence if it is not done through a financial institution. See section 1 of the Money Laundering Act and the case of *ATOYEBI v. FRN (2017) LPELR-43831(SC)*

So, from the manifest, the actual amount in both Vans will definitely be revealed and if it is believed to be cash payments for anything at all, and it is above 5million, that is when the problem may arise.

Please don't attack me, I'm just a Wikipedia Editor who has vast knowledge in legal matters, emanating from my exposure to Articles on Wikipedia.

Thanks,
© WikiGuru.

emkz:
I tire.

Some of these children think it is easy to prove an allegation against someone beyond all reasonable doubt. It is a herculean task.

An average lawyer would question the petitioner as follows:

Lawyer: You saw bullion vans driving into the respondent's house on February 22nd 2019 at 1700 hours?
Petitioner/Witness (with an air of pride that the questions would be easy): Yes!
Lawyer: Can you tell the honourable court the contents of the vans?
Petitioner/Witness: Money!
Lawyer: Can you give the court an estimate of how much money was there?
Petitioner/Witness: I don't know.
Lawyer: Fair enough. Did you see money loaded into the vans and offloaded from the vans, and if so, can you tell us the originating bank where the money emanated from?
Petitioner/Witness: That is for the EFCC to investigate....
Lawyer (cuts in sharply): ... but you made the allegation. How can you make an allegation without solid evidence? We are not aware that a bank was robbed, we are also not aware that the contents of the vans was indeed money. It could as well have been food to feed the people in his house. We can as well ask the company whose bullion vans were used to transport whatever, but what if the vans drove in empty to pick up money to take to the polling centres? Have you considered that? I think it is not enough to submit a petition accusing someone of something without in the least a pictorial evidence of the contents of the van. (Turns to the judge) I think the petitioner is looking for cheap fame and made a naive attempt to smear the image of the respondent. I pray to the honourable court that, as a deterrent to the petitioner and people like him, the petitioner pays the cost of this court sitting and aggravated damages of 1 billion naira or a jail term of 5 years in lieu of the fine.
Petitioner/Witness (in his mind): who will save me now? I have a wife and dependants, who would take care of them? Why I no just leave this matter alone when I know say I no get proof?

Bottomline: It is not enough to accuse, proof is the meat.

My first ever comment on Nairaland!

1. Those Vans are registered to a company

2. The company is most likely (80% certain) registered with the necessary agencies; CBN, Corporate Affairs Commission, Credit Bureau, etc.

3. The Vans were driven by humans.

3. Those humans know where they took the money from.

4. People loaded the money with a MANIFEST, which most likely (90% certain) contains the actual amount, origin and final destination.

Finally,
5. Ever heard the word Subpoena?

The prosecuting council just has to subpoena the drivers of the Vans, who will under oath, give the name of the company contracted. The company gives the name of the bank, the bank produces the manifest, which will reveal the content and exact figure in those Vans.

Please note that, it is not a crime to move any amount of money around, so long as you are within the country. Again, you can have as much cash as possible in your home, no offence at all!

But,

Making or accepting cash payment exceeding 5million is a criminal offence if it is not done through a financial institution. See section 1 of the Money Laundering Act and the case of *ATOYEBI v. FRN (2017) LPELR-43831(SC)*

So, from the manifest, the actual amount in both Vans will definitely be revealed and if it is believed to be cash payments for anything at all, and it is above 5million, that is when the problem may arise.

Please don't attack me, I'm just a Wikipedia Editor who has vast knowledge in legal matters, emanating from my exposure to Articles on Wikipedia.

Thanks,
© WikiGuru.

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