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Obiwank's Posts

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Politics / Re: Dangote: Retailers Ignoring Over 500 Million Litres Of Fuel From Our Refinery by Obiwank: 8:03pm On Oct 29
Dangote is just being cute.

He should disclose the wholesale price of his gasoline. The rest of the math is then simple. Just like in other markets, this price is expected to fluctuate based on market conditions most importantly the cost of crude.

I hope the Tinubu administration holds the line on this. They are very close to solving this petrol issue. Its should be a competitive market with no government intervention except for quality control and tax charges.

Dangote should compete with importers and hopefully other upstart refineries.

If the price does not work for him, then he exports to other markets (earning much needed foreign exchange for Nigeria). However, if his price is not competitive locally and internationally, then it raises a fundamental question about his refinery.
Politics / Re: Alleged Budget Padding: I Got Over N1bn For Constituency Projects – Ned Nwoko by Obiwank: 6:13pm On Mar 18
Guyfawkes2:
my point exactly. Why are law makers carrying out projects ? That's the job of the president, governor or lga chairman.

You guys are completely right. I have been partly following the story on this National Assembly allocations (I bet it's not just the Senate that received allocations) and it is clear that Nigerians do not understand how things should work. The Executive arm at every level is supposed to implement laws including including executing projects passed by the National Assembly as part of the budget or other fiscal bills.

In the US, senators and reps that "bring back the bacon" as it is called work with the local executives and identify projects and lobby to get them tacked on to appropriation bills. Then it gets executed at the local level with a lot credit to the rep or Senator (including naming rights). Sometimes these are useless projects - examples abound in the US.

It is so sad to hear how this is talked about in Nigeria and some of the commentary by people who have no clue on how things should work. As described, this is a corrupt process, pure and simple.

I hope President Tinubu would empower the budget director to pay special attention to this to prevent future occurrence and also use executive powers to not prioritize these undetailed parts of the current budget.

Nigeria really needs help but unfortunately, the leadership we have is a reflection of the people that we are.
Phones / Re: Blackberry Phones Still In Use? by Obiwank: 10:50pm On Nov 28, 2023
Barrywilly:
Most apps like Facebook, WhatsApp, messenger etc have been disabled for the phone. It has no value other than just to make calls as most apps won't work on it.

Thanks. I am looking at giving it to people that just call and text. No social media or apps. So it appears that it might be useful for that purpose.
Phones / Blackberry Phones Still In Use? by Obiwank: 9:15pm On Nov 28, 2023
I would like to know if BlackBerry phones similar to the one in the picture still works in Nigeria for basic services - making calls and text messages?

I have a few of these phones and I wanted to know if it is worth bringing back on my trip to Nigeria this holiday and giving out to folks that just need a basic phone.

Would appreciate any answers.

Autos / Re: 2005 Lexus RX330 For Quick Sale by Obiwank: 11:45am On Nov 11, 2023
Still available.
Autos / 2005 Lexus RX330 For Quick Sale by Obiwank: 6:02pm On Nov 10, 2023
I have a 2005 Lexus RX330 for sale. It was included in a container with the car I wanted to use for the holidays. It was cleared through Tincan port, all documents are genuine.

Asking price is #8.5m or best offer.

The car is located at Isolo.

My phone number is 0803 810 0386 - WhatsApp only.

Thanks for looking.

Politics / Re: Majority Always Have Their Way: LP Lawmakers Won't Reject SUVs - Sen. Imasuen by Obiwank: 9:26pm On Nov 05, 2023
Reference:
So he is saying in a nutshell that he cannot stand for anything and will simply and readily roll over and sell out everything just to be amongst.

Can we see how far away we are from the kind of principled men and women we need to run this country on the basis of ideologies rather than the feudal power of allegiances.

We are too far from any sort of progress within the ambit of this democracy we practice.
Little hope of fundamental change.

Solid comment and my fear too about Nigeria overall. Any principled group would have milked this issue to unimaginable levels.

But of course you get very few likes for the comment given the quality of the discourse here.

Any
Business / Re: Bode Agusto Is Dead by Obiwank: 2:51pm On Oct 19, 2023
FreeStuffsNG:
Eeya!! This is a sad loss to the Agusto family of Lagos, Yorubaland and Nigeria as a whole.
He will be sorely missed.
Nigeria just lost a Patriot!

Agree.

Really a massive loss to Nigeria. Bode's influence goes well beyond yorubaland.

The amount of people across all tribes he impacted their careers directly and indirectly is quite huge.

So sad. May his soul rest in peace.

3 Likes

Autos / Re: CALL FOR ALL YOUR CLEARING JOBS VIA TINCAN ISLAND AND APAPA by Obiwank: 2:29pm On Aug 28, 2023
oliverjiad:
Afternoon sir

It isn't a typo

Reason is that,its in a container and there are other charges that factor in while clearing a container

In most cases container clearing is always adding up charges despite the fact that ure having same vehicle on roro too

Regards

Jaid

I just sent you a message on whatsapp. Please respond. Thanks
Investment / Re: Selling! 4bedroom Terrace Duplex+bq @ Ikate. ₦130M. Eunice 08029562694 by Obiwank: 9:56am On Aug 22, 2023
Can you give me more information on this? Which estates is this near?
Science/Technology / Korean Perkins Generator Question by Obiwank: 3:26pm On Jun 14, 2023
I have a quick question for generator experts. I am looking to buy a 30-40kva generator.

What is the difference between new "Korean Perkins" generator and the new Perkins generator sold by Mikano?

Has anyone bought it and can attest to the reliability or are they just Chinese knock offs with low quality materials?

Would appreciate any help as I need to get the generator asap.
Autos / Re: CALL FOR ALL YOUR CLEARING JOBS VIA TINCAN ISLAND AND APAPA by Obiwank: 1:35pm On Jun 12, 2023
oliverjiad:
okay


2010 Lexus GX 460:#3m
2005 Sienna:#1.8m
2005 Lexus RX 330:#2.5m

Loads 350k

Trucking and offloading to be paid by you sir

Regards

Jaid

Thanks but Is the quote for the 2005 RX 330 a typo?

If not help me understand how that reconciles with the estimate you had provided below to some else a few pages back on 2010 - 2013 Lexus RX350 (a clearly more valuable car)

Thanks a lot!
‐---


Good afternoon

2010 Lexus Rx350:#2.150m
2011 Lexus Rx350:#2.150m
2012 Lexus Rx350:#2.150m
2013 Lexus RX350:#2.150m

2016 Honda Accord:#1.6m

2012 Toyota Venza:#1.950m

2011 Chevrolet Camaro:#1.580m

Regards

Jaid
Autos / Re: CALL FOR ALL YOUR CLEARING JOBS VIA TINCAN ISLAND AND APAPA by Obiwank: 11:38am On Jun 12, 2023
oliverjiad:

Good morning

Are uou having any loads in it aside this 3vehicles

Regards

Jaid

Yes - general household items. Thanks
Autos / Re: CALL FOR ALL YOUR CLEARING JOBS VIA TINCAN ISLAND AND APAPA by Obiwank: 2:04am On Jun 12, 2023
Good morning. How much to clear the following:

2010 Lexus GX 460
2005 Sienna
2005 Lexus RX 330

All 3 will be in a container arriving via Grimaldi.
Business / Re: Sale Of Polaris Bank: CBN Sets Record Straight by Obiwank: 9:57pm On Jan 11, 2023
sparko1:


That is what you don't get, we don't need to know the payment plan, the new owner knows they have to restructure to meet up.

The other company that bidded for 1.2tn wasn't going to pay the money directly, it's never done.

Look at the new owner of twitter, he bought twitter with some of his shares in Tesla company, meaning, no actual money was exchanged.

Why are you commenting on something you don't understand? How many Bank M&A transactions or any M&A have you worked on. Bank Capital structure works differently given that they are regulated and thats why my question/ point is valid. Anyway, the information should become public once the Bank publishes a financial report.

You mentioned Twitter - who told you no money changed hands? You realize it was a public company and not all the existing shareholders (particularly the retail investors) were approached to roller over into the private acquisition vehicle.
Car Talk / Re: Man Constructs And Drives A Weird Type Of Vehicle (pics/video) by Obiwank: 9:49pm On Jan 11, 2023
gypsey:
what car project would he be amazing to work on that a better and more improved one isn't already out there? I am already driving an electric Range Rover while he is risking his life with that pile of junk he nailed together on the road, have you ever heard of driverless car? It is already out here. So good luck with working with him on a car project. grin

You clearly did not understand me. He definitely would be a good project car partner. May be you should google project cars / hobbies.
Car Talk / Re: Man Constructs And Drives A Weird Type Of Vehicle (pics/video) by Obiwank: 5:28pm On Jan 08, 2023
officialwdhtv:


Hehe there is an engine behind if u look carefully bro cheesy

Kindly watch the full video here on my Instagram page or Youtube channel and PLEASE dont forget to FOLLOW my page & SUBSCRIBE to my youtube channel

Instagram;

https://www.instagram.com/reel/CnI66vTvbap/?igshid=YmMyMTA2M2Y=

Youtube;

https://m.youtube.com/shorts/wMt2670H498

smiley

Who has this guy's contact. He would be amazing to work on project cars with. Really impressive to me.

1 Like 1 Share

Business / Re: Aishah Ahmad, CBN Deputy Governor In Charge Of Financial System Stability by Obiwank: 5:00pm On Jan 06, 2023
Similar to Emefiele, this lady has no business being a Central Bank Head. Her resume is full of retail banking roles. Probably best fit as a deputy governor for Bank supervision. We really need an economist for the CBN to help manage our economy.
Business / Re: Sale Of Polaris Bank: CBN Sets Record Straight by Obiwank: 1:16am On Jan 05, 2023
sparko1:


I think you should read it again, a 50bn upfront payment plus the buying of the debt, the debt is going to be paid with a plan.

The idea actually makes sense, the debt has a payment plan already which the bank couldn't keep up, accepting the debt means the payment plan begins all over with a 50bn extra.

If the sold it less than the debt, then we can say there's a problem.

Bank Capital structure does not work that way. It would have been helpful for CBN to tell us how incremental capital the buyers are injecting in the Bank. Otherwise, it would be severely undercapitalized. Alternatively, AMCON still owns the Bank if the debt is treated as capital on the bank's balance sheet. This would mean that it was just a management contract that was executed with 50B good faith payment along with a Plan to return capital to AMCON over time.
Politics / Re: Fresh MTI Survey Puts Obi Ahead Of Tinubu, Atiku - The Sun by Obiwank: 1:07am On Jan 04, 2023
I hope all these Pollsters would be held accountable, reputation wise post the election if Obi falls short.

Would be good to see their sampling approach given that Obi's supporters are more "media" savvy (most likely more educated) and as such may be overrepresented in the data.

That said - Atiku's camp should be worried as he seems to poll behind Tinubu. That is assuming that they are the real contenders.
Travel / Re: How Nigeria Airport Staff Welcomed Me Home After 4 Years - Nigerian Man Laments by Obiwank: 11:50pm On Dec 21, 2022
rickleye:
STOP PRESS !!
I know someone who had been away for 15 years and just returned this year. His bag was supposedly tampered with ( It had arrived in an earlier flight ). The plastic wrap was removed -however on closer inspection, there was a note from the American law enforcement that they had opened it, checked it and removed NOTHING.

I am saying this to say, It isnt the norm.

That said - YOUR BAG isn't worth 400 Euros. Maximum 60 euros. If you purchased a bag for 400 euros - you have been taken to the cleaners.
A set isnt worth 400 Euros so lets stop with the lies.

You are 100% right especially as he mentioned perfumes. I was going to tell him the same thing but saw your comment first.

It has happened to me and we locked the bags (which is not recommended) and authorities had to cut it in order to inspect the perfumes.

I am happy to blame our country just like the next guy but almost certain that it was not Nigerian Airport folks in this case.

2 Likes

Foreign Affairs / Ghana To Default On Most External Debt As Economic Crisis Worsens by Obiwank: 2:34am On Dec 20, 2022
This is another reason why 2023 Elections is very important for Nigeria.

ACCRA, Dec 19 (Reuters) - Ghana on Monday suspended payments on most of its external debt, effectively defaulting as the country struggles to plug its cavernous balance of payments deficit.

Its finance ministry said it will not service debts including its Eurobonds, commercial loans and most bilateral loans, calling the decision an "interim emergency measure", while some bondholders criticised a lack of clarity in the decision.
The government "stands ready to engage in discussions with all of its external creditors to make Ghana's debt sustainable", the finance ministry said. The suspension of debt payments reflects the parlous state of the economy, which had led the government last week to reach a $3-billion staff-level agreement with the International Monetary Fund (IMF).

Ghana had already announced a domestic debt exchange programme and said that an external restructuring was being negotiated with creditors. The IMF has said a comprehensive debt restructuring is a condition of its support.
The country has been struggling to refinance its debt since the start of the year after downgrades by multiple credit ratings agencies on concerns it would not be able to issue new Eurobonds.

That has sent Ghana's debt further into the distressed territory. Its public debt stood at 467.4 billion Ghanaian cedis ($55 billion as per Refinitiv Eikon data) in September, of which 42% was domestic.

Attached are details of Ghana’s debt composition and debt servicing profile

1 Like 1 Share

Foreign Affairs / Russian University Accused Of Hounding African Students To Fight Putin’s War by Obiwank: 1:11pm On Nov 21, 2022
ABUJA, Nigeria—Russian officials at the Southern Federal University (SFedU) in the city of Rostov-on-Don, near the border with Ukraine, have been pressuring African students at the institution to join Vladimir Putin's forces in fighting in Ukraine’s Donbas region, three students at SFedU told The Daily Beast.

In the last three months, according to the students, officials at SFedU have tried to persuade them into accepting an offer from either the Russian army or the notorious Wagner Group, claiming both are willing to pay up to $3,000 and $5,000 respectively to foreigners willing to go to war in Ukraine. The students said some school officials have warned them that the Russian government may deny them certain privileges, including increasing tuition and canceling scholarships for some international students should they fail to take the offer.

Details below

https://www.thedailybeast.com/russian-university-accused-of-pressuring-african-students-to-fight-vladimir-putins-war-in-ukraine?source=articles&via=rss
Politics / Re: Soludo Responds To Obidients & Peter Obi by Obiwank: 7:16pm On Nov 14, 2022
This is one of the best articulation of the political situation of Igbos in Nigeria.

I am so impressed that he stood his ground and made these points. I only pray that we can read and understand.

I do disagree on the engagement with Nnamdi Kanu as one of the key asks for the Igbo people as I believe security can be accomplished in the South East without Kanu.

Overall very impressive! God bless Soludo for his courage.

7 Likes 1 Share

Romance / Re: Please Help Me Find This Book. by Obiwank: 5:05am On Nov 07, 2022
siofra:


Yes. That's the book.

Unfortunately I can't remember the name.

Sad I cannot remember. Read it a long time ago and would really like to find it again.

Let me know if you do ever get it. Will do the same. Thanks
Romance / Re: Please Help Me Find This Book. by Obiwank: 3:30pm On Oct 31, 2022
There is a similar book that I can vaguely remember and also looking for.

It started in pre/ early colonial Brazil when the Dutch was still fighting the Portuguese over Brazil. It told the story of generations of a woman that came to Brazil as a "forced" bride of Portuguese settlers.

Really need the name of the book.
Travel / Re: Cost Of A Nigeria International Passport by Obiwank: 9:52am On Aug 22, 2022
Passport renewal is needed urgently for a relative in Lagos. Need it days. Anyone able to help should let me know what it takes.

Thanks
Romance / Re: Evil Spirits In Marriage; What Should I Do by Obiwank: 11:29am On Jul 30, 2022
A different take and putting aside spiritual problems.

What skills and training do you have? You mentioned a few things that you tried to do but honestly unclear to me how you failed exactly.

May be you have not found the right business/work that is the best fit for you. You can check my moniker but I don't follow the spiritual angle but can help you in more practical ways if I understand your background better. Don't get me wrong I believe in God and pray as well but I also believe that in alot of cases such as this, the issue is not really spiritual.
Business / Re: Sinoma Is Constructing A Cement Plant In Kogi (Photos) by Obiwank: 7:46pm On Jul 20, 2022
Chinese company ... 2nd slavery loading for Africans. Would even more brutal than the first...

Sad that people are celebrating this.
Autos / Hackers Can Unlock Nearly All Modern Honda Cars by Obiwank: 4:21am On Jul 12, 2022
Hackers have uncovered ways to unlock and start nearly all modern Honda-branded vehicles by wirelessly stealing codes from an owner's key fob. Dubbed "Rolling Pwn," the attack allows any individual to "eavesdrop" on a remote key fob from nearly 100 feet away and reuse them later to unlock or start a vehicle in the future without owner's knowledge.

Despite Honda's dispute that the technology in its key fobs "would not allow the vulnerability," The Drive has independently confirmed the validity of the attack with its own demonstration.
Older vehicles used static codes for keyless entry. These static codes are inherently vulnerable, as any individual can capture and replay them at will to lock and unlock a vehicle. Manufacturers later introduced rolling codes to improve vehicle security. Rolling codes work by using a Pseudorandom Number Generator (PRNG). When a lock or unlock button is pressed on a paired key fob, the fob sends a unique code wirelessly to the vehicle encapsulated within the message. The vehicle then checks the code sent to it against its internal database of valid PRNG-generated codes, and if the code is valid, the car grants the request to lock, unlock, or start the vehicle.

The database contains several allowed codes, as a key fob may not be in range of a vehicle when a button is pressed and may transmit a different code than what the vehicle is expecting to be next chronologically. This series of codes is also known as a "window," When a vehicle receives a newer code, it typically invalidates all previous codes to protect against replay attacks.

This attack works by eavesdropping on a paired keyfob and capturing several codes sent by the fob. The attacker can later replay a sequence of valid codes and re-sync the PRNG. This allows the attacker to re-use older codes that would normally be invalid, even months after the codes have been captured.

A similar vulnerability was discovered late last year and added to the Common Vulnerabilities and Exposures database (CVE-2021-46145), and again this year for other Honda-branded vehicles (CVE-2022-27254). However, Honda has yet to address the issue publicly, or with any of the security researchers who have reported it. In fact, when the security researchers responsible for the latest vulnerability reached out to Honda to disclose the bug, they said they were instead told to call customer service rather than submit a bug report through an official channel.

Despite being able to start and unlock the car, the vulnerability doesn't allow the attacker to actually drive off with the vehicle due to the proximity functionality of the key fob. However, the fact that a bad actor can get this far is already a bad sign.

At this time, the following vehicles may be affected by the vulnerability:

2012 Honda Civic
2018 Honda X-RV
2020 Honda C-RV
2020 Honda Accord
2021 Honda Accord
2020 Honda Odyssey
2021 Honda Inspire
2022 Honda Fit
2022 Honda Civic
2022 Honda VE-1
2022 Honda Breeze

https://www.thedrive.com/news/i-tried-the-honda-keyfob-hack-on-my-own-car-it-totally-worked

1 Like

Crime / GM Cruise Autonomous Car Runs From Police In San Francisco by Obiwank: 10:52pm On Apr 11, 2022
GM Cruise autonomous taxi pulled over by police in San Francisco without humans, ‘bolts’ off (U: Cruise responds)

Last week, a GM Cruise-converted Chevy Bolt without a driver was pulled over by San Francisco Police. In an unexpected turn, the car “bolted” …to a safe spot.

The original Instagram poster noted that this occurred in the Richmond District of San Francisco last week.

b.rad916: Confused SFPD pulling over an #autonomousvehicle in the Richmond District!! Then it tries to take off!! � � 1 week

GM’s Cruise vehicles have been operating autonomously in San Francisco at night, giving rides to employees around the city. Until now we’ve only seen success stories. Recently, Google’s Waymo driverless vehicles joined Cruise in San Francisco.

Full story
https://electrek.co/2022/04/10/gm-cruise-autonomous-taxi-pulled-over-by-police-in-san-francisco-without-humans-bolts-off-u-cruise-responds/amp/
Religion / Re: Please I need help. My life is crashing by Obiwank: 6:45pm On Feb 26, 2022
OP you do not have a spiritual problem at all. You keep mentioning forex account - its a form of gambling and quite addictive. I know a bunch of people who go through the same issue related to fx trading.

The cough part is how your body reacts to the addiction so not a big deal. If you deal with the underlying issue, that would be gone as well.

Have you closed the fx account? What skills do you have? If you want - reach out to me and I can speak with you.

1 Like

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