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My Nasty Experience In Doing Business With Planet One By Eric Nwoko - Business (2) - Nairaland

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Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by Mosaku147: 10:00pm On May 25, 2015
Oga sorry oooooo. I hope say no be greed push you enter supply business with planet1 aka the Momoh's place. because nobody no sabi say Mr Momoh na confirm gbajue from time immemorial.what do you expect from Fred Ajudua's padi padi.
Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by Infomizer(m): 11:41pm On May 25, 2015
Inoknowbook:
Hi, if they fail to pay him eventually, let him get a good lawyer and file a breach of contract suit against them. It might take some time, but he will surely get judgement. A business man must be ready to take cases like this to court, otherwise, people will make a mess of you. For the process to be quicker, ask your lawyer to bring the suit under the undefended list, as I do not see any defense the company has for not paying him. By the way, that the company failed to appear in court in the past, doesn't mean that they're above the law. If they fail to appear, go ahead and pursue the case to its logical conclusion. Your lawyer could bring an application for summary judgment in default of appearance. It is when you now go to levy execution of the judgement that you will be able to determine whether, indeed, they're above the law. For me, I'll rather my opponent do not appear in court as that will make my case easier and faster.

So, let him not lose hope. He should make use of our legal system to get justice. He might in the long run get far more than he's asking them for from the law court.

Akonuche buddy!
I support the emboldened as well. I don't thrink the first lawyer handled the case well.

1 Like

Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by Nobody: 11:42pm On May 25, 2015
Okay... I don't mean to be rude buh wen u make plenty profit u no go tell us (public) now way bad debt wan shine for ya eye na him u wan dy yan us abi? Cry me a river...
On a serious note though take to IAP...
Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by NobleG1(m): 5:28am On May 26, 2015
Nigeria is not a business environment to sell or supply anything on credit. Nigerian justice system is rotten and can't protect you.
Going to court will cost you a lot of money with no guarantee of winning. So the only cheap legal option you have is to pay a lawyer to give them ultimatum. They may want to settle without going to court.

Otherwise, move on, but make sure you destroy their remaining reputation online.
Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by Nobody: 6:54am On May 26, 2015
The Bitter truth is that this is not limited to PlanetOne alone, most business here in Lagos use this scheme to rip off their vendors and clients.

The IT and creative industries are not left out either. I remember an experience I had some years back with one of the biggest companies in this country, the guy in charge looked me in the eye and said "if you want to go to court, go to court. I promise you nothing will come out of it. You want to fight us? Hope you're not planning to sell your village to do that?"

It's pathetic, really.
Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by Tgirl4real(f): 11:54am On May 26, 2015
cnario:
The Bitter truth is that this is not limited to PlanetOne alone, most business here in Lagos use this scheme to rip off their vendors and clients.

The IT and creative industries are not left out either. I remember an experience I had some years back with one of the biggest companies in this country, the guy in charge looked me in the eye and said "if you want to go to court, go to court. I promise you nothing will come out of it. You want to fight us? Hope you're not planning to sell your village to do that?"

It's pathetic, really.

Wow! shocked shocked
Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by ray48: 2:46pm On May 26, 2015
pickabeau1:
without a GRN, what is the evidence that goods were delivered

was the waybill signed off

He made a mistake


There is incontrovertible evidence that a transaction took place as the so called Mrs Momoh approved of all those transactions. This is no reason not to pay him. The company should immediately honour their commitment by paying him.
Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by pickabeau1: 2:48pm On May 26, 2015
ray48:


There is incontrovertible evidence that a transaction took place as the so called Mrs Momoh approved of all those transactions. This is no reason not to pay him. The company should immediately honour their commitment by paying him.

if it goes to court, all that becomes he said she said
Nothing like documentary evidence
Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by ray48: 3:15pm On May 26, 2015
Empero1:
If you are in the sourcing and supply business and have good products/services , then you have no good reason to sell your wares on outright credit .

Either cash and carry ... for purchases between 10 - 100,000 naira

Or confirmed bank cheque / bank draft ( where need for temporary credit is necessary ) for purchases of higher volume , ie : 101,000 - infinity



If u insist on that as a policy, it might not be easy for you to get any order as most companies terms of payment are credit based. The only thing is just that one has to be careful in giving out credit
Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by ray48: 3:29pm On May 26, 2015
Gopulence:
simple business strategies in lay man's language...

I supply you, issue you an invoice, make sure it's signed by the department that collected the order. I do not supply again until you must have cleared your first debts...

I cannot for the life of me keep supplying and supplying 'cos contracts are difficult to come by and not get at least 70%(which should cover cost of purchase, logistics and little profit) of what you owe me initially..

Truth is one does not even learn these simple nitty gritty strategies anywhere. It's innate or take for instance in this kind of situation you learn from experience which can be costly...

I agree with you
Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by korad: 10:09am On May 27, 2015
I sympathise will you but you business transaction was nasty because you did not tidy it very well and you did not follow a simple control procedure.

Firstly, the Chef who introduce you to the hotel is your friend and you know he is the end user of product, so should a business owner will suspect the two of you.

You supplied without a duly approved purchase order by the hotel and also not you did not allow the officer in charge of procurement to authorised you to supply but you take instruction to supply from your friend the chef.

When you supplied the store keeper should receive your goods and issued a GRN but you choose to deal with your friend alone

When you have not received payment for the 1st & 2nd supplies, you keep bringing more/

Who acknowledged your invoices.


I think we should all learn our lesson and do the right thing

Regards

1 Like

Re: My Nasty Experience In Doing Business With Planet One By Eric Nwoko by Tgirl4real(f): 10:31pm On Oct 22, 2016
I would like to inform us that Eric took Planet One to court and he won the the case.

Thanks for taking time to read and comment.

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