Reminder 1: We were discussing ways of eradicating the endemic corruption in Nigeria that has prevented the country developing over many decades.

Reminder 2: The reality of the scale of the corruption problem is that most Nigerians in leadership positions e.g. National Assembly members, House of Rep members, Governors, Public and Private sector management and employees, the justice system, law enforcement, presidents, the CBN etc etc are corrupt. And your suggestion is that those in leadership positions who also have corruption in their veins should start by getting macroeconomic policies right?

Therefore, you are saying we have not had any right macroeconomic policies e.g. since 1960 and this is the reason corruption over decades have become endemic in Nigeria. Oh lest I forget, the populace has also not pressured those in leadership positions to implement these non-existent macroeconomic policies.

I am indeed dumbfounded and speechless and will make no further comments on this topic.

jedisco:


If the death penalty for those serious crimes has not been implemented, why do you think a death penalty for less serious crimes would be implemented? To change such laws, it has to go thru the National Assembly, president would sign and law enforcement and others would do their work. In any jurisdiction, it takes years to secure a death penalty. Imagine the courts flooded with trival cases years on end....

I'm trying to be practical here....

To your questions, my initial answe was simple. Those in leadership should start by getting some macroeconomic policies right. The populace should be able to pressurise them on that. We've seen that work with some erroneous CBN policies in the past

Leadership isn't really complicated....just put the right people with d correct skill set in the right place....With over 150million people...I am absolutely sure, if willing, we can find thousands of talents that could easily solve most of Nigerias issue.... But every leader just once to chop with his people, relatives & friends..The painful part is, most of the apointess are confused & don't even understand thier jobs.

Governance, leadership etc is supposed to be a huge responsibility...but in dis country people just grow fat, fresher & pot bellies immediately they assume such posts

XiaoLi:
Cry cry baby...why not clean it by yourself huh ??

Your NL cia or whatever you call it will attack or blackmail someone you will keep silent...then i apply self defence and you start to cry like a baby..better don't involve youself in this and don't quote me again!!

Please how old are you? Are you sure you are a grown man? Your mates are making productive comments and see how you are going off like a wild dog on heat. It’s not your fault. It is Seun and his mods that let uncouth people like you get away with such none sense.

You can say that again. Looooool but incredibly true and apt

Tranquility2345:


Please how old are you? Are you sure you are a grown man? Your mates are making productive comments and see how you are going off like a wild dog on heat. It’s not your fault. It is Seun and his mods that let uncouth people like you get away with such none sense.

Sigh.

Can we go back to the days when we had a meaningful conversation discussing about sensible matters.

Foodempire:


Any reason you left bamboo?

Another good advantage of t212 over bamboo is the ability to pie your stocks. That easily helps you diversify your portfolio and make you an independent ETF guy.

And may i ask you...how long have you been on this thread Incase you are still wondering, my messages to lazyyut since yesterday is for those she have been blackmailing, attacking and bullying on NL and on this thread, do you still wonder why those you have called to help clean the thread ignored your stvpid requests??

You can continue to defend that son of a whcre called lazzyyut or you can come for a direct attack baby....im waiting for you Mr productive

Tranquility2345:


Please how old are you? Are you sure you are a grown man? Your mates are making productive comments and see how you are going off like a wild dog on heat. It’s not your fault. It is Seun and his mods that let uncouth people like you get away with such none sense.

Yamayama don finally fall on this thread

Click the link on my signature to open stock and mutual funds account with investment one.

Come over to be part of the winning team

skydiver01:
In principle, I am not in favour of capital punishment... The main issue is corruption has been successfully addressed by other countries by its introduction and strict implementation which transformed theirs to developed nations. The world is well aware of this. Even the US was once the wild wild west. capital punishment was the order of the day and overtime it was phased out in some US states after civility became more prevalent. I am very happy to live in a country whose citizens respect law and order even with capital punishment for crimes committed.

Nigeria's corruption problem is so bad it has made fines and penalties for minor crimes, which has been the law here for decades, useless and has certainly not deterred their occurrences (minor crimes - infractions & misdemeanors) to date. By way of referred minor crime examples with large consequences... we have penalties for running red traffic lights. It has not deterred motorists from doing it frequently. consequences - avoidable accidents. we have penalties for having vehicles that have not been tested for road worthiness littering and driven on our roads. Have you seen the number of these on Nigerian roads? Shockingly high. Have you seen the alarming number of deaths caused by vehicles, trailers and tankers that should not be on our roads in the first place? corruption allows this to happen. Are you aware of the number of motorist that did not take a driving test but simply bought a driving licence in Nigeria? You should then not be surprised at the way motorists drive and the alarmingly high number of fatalities caused by this 'simple' acts of corruption (bribery).

Therefore, it is better to start by making capital punishment for all crimes and over time, after we begin to see improved public and private services, improved citizenry behaviour, reduced scams/theft, improved justice systems etc etc, then one can choose to phase out capital punishment or only apply it to the most serious of crimes (felonies) going forward. I frankly cannot see any other way to change Nigeria for the better because of how bad the situation has become. Nevertheless, I respect everyone opinion on this issue.

I am all in favour of any way Nigeria can change for the better. I only make the capital punishment suggestion because it has worked for other countries that had the same corruption problem and more importantly, all our existing rules and laws have been and continue to be flouted and all our policies for development have been disregarded and not implemented for many decades.

Finally, besides being for or against capital punishment (lets leave that to one side for the moment) can you suggest what will "certainly" change the behaviour of Nigerians and Nigeria for the better that has not be tried in the past? remembering of course that all those that have been tried in the past have failed.

I support you on the neccesity of capital punishment in Nigeria that is enforced. However, it is not so appropriate for less heinious crimes like jumping queues and littering.

For such crimes,i would recommend corporal punishment. "Judicial Flogging".

All those miscreants who jump queues, litter, request for bribes to do their jobs, bypass meters, disobey traffic rules, vandalize public property (just minor ones oo, major vandalization such as pipelines, transformers and those people that steal manhole covers in Lagos should warrant capital punishment) should be apprehended, charged to a specialized mobile court on the same day, that would sentence them immediately. That evening or the next morning, they should be brought to the town center and in the full glare of the public, be given between 40 and 150 HOT lashes.

Singapore has a form of this corporal punishment and it is working wonders.

For Nigerians, it will be more effective as a deterrent than say, fines, and cheaper for the government to enforce than prison terms where they have to spend scare resources that should go into things like education and healthcare of good law-abiding citizens, on providing free food and shelter for criminals.

It also reduces economic losses. Instead of Mr A been sent to prison for 6 months, where the government will pay so much to feed, shelter and take care of him, while 6 months of Mr A's economic output and productivity is lost to the nation, he should instead undergo judicial flogging where he is given like 120 lashes. It is cheaper on the government's part, it serves as a better deterrent against crime for the population, and instead of loosing Mr. A's 6 months of economic productivity if sent to prison, the nation looses just like 2wks to one month, been the period of recovery from the brutal flogging.

And putting such laws and punishments in place is one thing. They should also be enforced. One of the reasons for crime and corruption in Nigeria today is because there are no consequences, and on the rare cases where there are consequences, they are just a tap on the wrist. Take for example, Evans the kidnapper, apprehended so many years ago, yet till today, has not been convicted. With all the media coverage his case got back then, imagine the strong message it would have sent to potential criminals if he was executed on national TV few weeks after.

This lack of consequences is also telling in our prison numbers. With all the numerous crimes and killings everyday in Nigeria, we still have one of the lowest incarceration rates in the world. It means criminals are not getting punished. At 65K prisoners (with more than half yet to be tried, so the actual figure should be around 30K), it means Nigeria has a paltry 32 prisoners per 100,000 population. Our relatively peaceful African neighbors like Cameroon, Ivory Coast, Benin have 125, 83 and 70 prisoners per 100,000. Rwanda despite having a population over 23 times less than Nigeria's, has a prison population equal to Nigeria. It has 511 prisoners per 100K. The US is at 640. Even super safe and peaceful countries like Australia, New Zealand, Singapore, Switzerland are at 160, 188, 185 and 80 respectively.

Is it that Nigerians don't commit crime, no. It's that those that commit crimes are not been punished, which in turn, encourages further crime, hence our situation today.

All this must change.

For your information

I agree with you and your suggestions 2,000,000% not just 100%.

ultron12345:


I support you on the neccesity of capital punishment in Nigeria that is enforced. However, it is not so appropriate for less heinious crimes like jumping queues and littering.

For such crimes,i would recommend corporal punishment. "Judicial Flogging".

All those miscreants who jump queues, litter, request for bribes to do their jobs, bypass meters, disobey traffic rules, vandalize public property (just minor ones oo, major vandalization such as pipelines, transformers and those people that steal manhole covers in Lagos should warrant capital punishment) should be apprehended, charged to a specialized mobile court on the same day, that would sentence them immediately. That evening or the next morning, they should be brought to the town center and in the full glare of the public, be given between 40 and 150 HOT lashes.

Singapore has a form of this corporal punishment and it is working wonders.

For Nigerians, it will be more effective as a deterrent than say, fines, and cheaper for the government to enforce than prison terms where they have to spend scare resources that should go into things like education and healthcare of good law-abiding citizens, on providing free food and shelter for criminals.

It also reduces economic losses. Instead of Mr A been sent to prison for 6 months, where the government will pay so much to feed, shelter and take care of him, while 6 months of Mr A's economic output and productivity is lost to the nation, he should instead undergo judicial flogging where he is given like 120 lashes. It is cheaper on the government's part, it serves as a better deterrent against crime for the population, and instead of loosing Mr. A's 6 months of economic productivity if sent to prison, the nation looses just like 2wks to one month, been the period of recovery from the brutal flogging.

And putting such laws and punishments in place is one thing. They should also be enforced. One of the reasons for crime and corruption in Nigeria today is because there are no consequences, and on the rare cases where there are consequences, they are just a tap on the wrist. Take for example, Evans the kidnapper, apprehended so many years ago, yet till today, has not been convicted. With all the media coverage his case got back then, imagine the strong message it would have sent to potential criminals if he was executed on national TV few weeks after.

This lack of consequences is also telling in our prison numbers. With all the numerous crimes and killings everyday in Nigeria, we still have one of the lowest incarceration rates in the world. It means criminals are not getting punished. At 65K prisoners (with more than half yet to be tried, so the actual figure should be around 30K), it means Nigeria has a paltry 32 prisoners per 100,000 population. Our relatively peaceful African neighbors like Cameroon, Ivory Coast, Benin have 125, 83 and 70 prisoners per 100,000. Rwanda despite having a population over 23 times less than Nigeria's, has a prison population equal to Nigeria. It has 511 prisoners per 100K. The US is at 640. Even super safe and peaceful countries like Australia, New Zealand, Singapore, Switzerland are at 160, 188, 185 and 80 respectively.

Is it that Nigerians don't commit crime, no. It's that those that commit crimes are not been punished, which in turn, encourages further crime, hence our situation today.

All this must change.

XiaoLi:
You blackmailed and attacked Ahib which is one of the backbones of this thread until he ran away from here, that must be making you feel like little hitler huh...na me and you here na...

Enjoy Kuje

ultron12345:


I support you on the neccesity of capital punishment in Nigeria that is enforced. However, it is not so appropriate for less heinious crimes like jumping queues and littering.

For such crimes,i would recommend corporal punishment. "Judicial Flogging".

All those miscreants who jump queues, litter, request for bribes to do their jobs, bypass meters, disobey traffic rules, vandalize public property (just minor ones oo, major vandalization such as pipelines, transformers and those people that steal manhole covers in Lagos should warrant capital punishment) should be apprehended, charged to a specialized mobile court on the same day, that would sentence them immediately. That evening or the next morning, they should be brought to the town center and in the full glare of the public, be given between 40 and 150 HOT lashes.

Singapore has a form of this corporal punishment and it is working wonders.

For Nigerians, it will be more effective as a deterrent than say, fines, and cheaper for the government to enforce than prison terms where they have to spend scare resources that should go into things like education and healthcare of good law-abiding citizens, on providing free food and shelter for criminals.

It also reduces economic losses. Instead of Mr A been sent to prison for 6 months, where the government will pay so much to feed, shelter and take care of him, while 6 months of Mr A's economic output and productivity is lost to the nation, he should instead undergo judicial flogging where he is given like 120 lashes. It is cheaper on the government's part, it serves as a better deterrent against crime for the population, and instead of loosing Mr. A's 6 months of economic productivity if sent to prison, the nation looses just like 2wks to one month, been the period of recovery from the brutal flogging.

And putting such laws and punishments in place is one thing. They should also be enforced. One of the reasons for crime and corruption in Nigeria today is because there are no consequences, and on the rare cases where there are consequences, they are just a tap on the wrist. Take for example, Evans the kidnapper, apprehended so many years ago, yet till today, has not been convicted. With all the media coverage his case got back then, imagine the strong message it would have sent to potential criminals if he was executed on national TV few weeks after.

This lack of consequences is also telling in our prison numbers. With all the numerous crimes and killings everyday in Nigeria, we still have one of the lowest incarceration rates in the world. It means criminals are not getting punished. At 65K prisoners (with more than half yet to be tried, so the actual figure should be around 30K), it means Nigeria has a paltry 32 prisoners per 100,000 population. Our relatively peaceful African neighbors like Cameroon, Ivory Coast, Benin have 125, 83 and 70 prisoners per 100,000. Rwanda despite having a population over 23 times less than Nigeria's, has a prison population equal to Nigeria. It has 511 prisoners per 100K. The US is at 640. Even super safe and peaceful countries like Australia, New Zealand, Singapore, Switzerland are at 160, 188, 185 and 80 respectively.

Is it that Nigerians don't commit crime, no. It's that those that commit crimes are not been punished, which in turn, encourages further crime, hence our situation today.

All this must change.

All We need to solve this is a reform in our Judicial System

emmanuelewumi:
For your information

2050?

If Nigeria still they, naira go don turn 1500

Tobex4realTobex234:


2050?

If Nigeria still they, naira go don turn 1500

Why so bitter and negative about anything that has to do with Nigeria? E be like say Naija don show you and your family shege for this life. You dey one yamayama country and you think say you dey heaven. Wait until yamayama nack you for head there. Na then you go understand say there’s no where like home sweet home

Tobex4realTobex234:


2050?

If Nigeria still they, naira go don turn 1500

There is a very vibrant secondary market for bonds, where daily transactions running to hundreds of billions of Naira are done. So investors don't have to wait till maturity.

At 13%, N500 would grown to almost N17,000 in 2050 if it is compounded

Tolzeal:


Another good advantage of t212 over bamboo is the ability to pie your stocks. That easily helps you diversify your portfolio and make you an independent ETF guy.

Wetin concern stock picking with ETF? And for your mind you go think say you sounded like a sharp guy. No be only independent ETF guy na yamayama ITK dunce

Labadi69:


Wetin concern stock picking with ETF? And for your mind you go think say you sounded like a sharp guy. No be only independent ETF guy na yamayama ITK dunce

What’s all these you’re talking about ? What’s makes an ETF ? You should do your assignment buddy.

emmanuelewumi:



There is a very vibrant secondary market for bonds, where daily transactions running to hundreds of billions of Naira are done. So investors don't have to wait till maturity.

At 13%, N500 would grown to almost N17,000 in 2050 if it is compounded

Actually this makes a lot of sense. Cuz $1 at 8% will only be about $10 in 2050.

Even if naira hits 1500, your returns are still higher than USD.

Labadi69:


Wetin concern stock picking with ETF? And for your mind you go think say you sounded like a sharp guy. No be only independent ETF guy na yamayama ITK dunce

I actually like that feature on T212. Essentially how it works is that you can create a pie and say 20% Apple, 30% Facebook, 25% Google, 25% Microsoft.

You can then invest in this pie monthly. This is a really great feature as it gives you the option to passively manage such portfolio.

Personally I've tried to mimic Cathy's ARKK fund, but removed some stocks from it that I don't like. These and many more are things you can do with the pie feature.

We can offer you 8% on our FD



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