Very well then, assuming I am running a provision store, super market or boutique (I believe this falls into the category of trading), how do I prevent them from stealing the product without increasing my production cost as in the example given by Ahib for that supermarket or the person that now has to employ security to escort staff going to deposit money in the bank.

Benzboys:
I am in trading and I have no business with agriculture or livestock so I wouldn't know about chickens.
I would have had some clue if we were talking trade,not raising birds.

9jatriot:
Very well then, assuming I am running a provision store, super market or boutique (I believe this falls into the category of trading), how do I prevent them from stealing the product without increasing my production cost as in the example given by Ahib for that supermarket or the person that now has to employ security to escort staff going to deposit money in the bank.

There is no way to safeguard money without increasing running cost.
If carrying cash to a bank is a problem to you,bring POS and start offering cashback services to clients who need it.
It would reduce the volume of cash taken to the bank at the close of business,mitigating flight risk of workers.
Who want carry small money runaway?
As for accounting for your items in retail shops,I'm sure you know those barcodes you see at the back of items are not for formality.
It records all units sold for pricing and accounting purposes automatically.
So you can just use that data to balance your books using basic arithmetic methods.
Now you would say what if the cashier is stealing manually?Like selling stuff without passing it through the machine or outrightly stealing stuff physically right?
You can fix weekend early mornings when customer traffic is slow for manual checks and balances too,so that you compare what you have in stock,what you've sold(both cash and credit) and cash recovered and compare to see if it balances na.
If it doesn't,whoever manages the premises have questions to answer na,is it not so again?

Benzboys:
Aren't they the same things?

Not even by a longshot

emmanuelewumi:



Not the same thing ooo

Please tell em

ultron12345:


I can relate very well with your second paragraph.

I run a manufacturing business and a trading business.
The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff. Everyone we hire is appears to be on a mission to steal as much as possible. Inflated invoices, recording less than the actual number of units produced. The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management. There was a year I overhauled management 3 times in a year. But I've found a solution sha, I now use Indian management. So competent, so honest and so straightforward. I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management. Now, all sensitive positions involving money go to Indians. Nigerians are only allowed in non-sensitive positions. I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff. The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions. I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money. This money spent on security companies is even enough to be declared as profit. We have to spend on CCTV, biometric scanners and other things that wouldn't not be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer conpaetency but honesty. At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how they are no jobs. I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business. So instead of investing in the real sector and creating jobs, they'll just buy treasury bills, while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we cant because you can't trust anyone. This is one advantage the Indians and Lebanese have over us in Nigeria. They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go
ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing
your money. On the days you're around at the business, the money
realized will be x10 of the money realized when you're not around.
Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the
total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

You'll see them with that their evil, wicked saying "na where person dey work, na there e dey chop, na e make dem dey callam workchop/workshop"...... Just imagine, justifying theft at work.

And you'll see these people point their crooked fingers at politicians when they're not any different. I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

Nigerians are the problem of Nigeria.

Interesting

At times I feel Nigerians have the most boldness on the planet when it comes to committing financial impropriety , the sheer scale and audacity at times is numbing

I have had indians working for me for the past 15 years in my manufacturing operations , while nobody is perfect what the bring is good work ethics , Technical know how ,discipline and focus on the job - less distractions, issues you might have is when they start looking for better paying jobs elsewhere in Nigeria , or encourage a rich colleague from there local community to start the same business line


I have had frauds running into 9 figures over the last 15 years , is it outright forging of bank tellers , stealing of goods from the warehouse and depots, sales reps absconding with sales proceed , gang up of account , audit and sales staffs , forging of signature on companies cheques , stacking of empty cartons when audit goes to remote places for stock taking , some northern depots to be precise, inflation of invoices , collusion with suppliers etc etc

I Cover most of nigeria thru 9 depots , about 45 reps apart from distributors, tried all sorts of guarantorships , lawyers agreement , collecting original certificates , collecting open dated cheque with guaranteed amount , prosecution etc
For me way forward/ strategy has been growing my distributors base to make them account for more of my sales and less should come thru reps , targeting 80%, presently at 55% , coming from 5-10 % , where it was 15/ 20 years ago, I do independent audit of stocks, accounts etc by an independent consultant on a quarterly basis , started using mds warehousing in some of my operations as against coy managed and staffed warehousing , my processes are much better than 5/10 years ago but not fool proof , we are a very ingenious lot . Reminds me of the cashier that brought her own Pos to shoprite and was diverting payments some years ago , my point is even big global businesses must find solutions and adapt to our peculiarities when they get here

Business is war is what I say a lot , and it’s a puzzle you must keep solving , you must keep coming up with solutions and not be static , you must be fully on ground , there are good people maybe 1 in 20 , when they come along you must encourage and keep them. Business especially manufacturing in Nigeria is serious work and a calling , not for the faint hearted . You need a good amount of God’s grace too

Regardless of all above challenges , For me nigeria is still a land of enormous opportunities and a question I have been asking for the past 20 years is why do the Indians and Lebanese keep coming , and the Chinese of recent , obviously they are seeing opportunities we are not seeing or willing to take especially in some sectors of the economy

rmx:


Interesting

At times I feel Nigerians have the most boldness on the planet when it comes to committing financial impropriety , the sheer scale and audacity at times is numbing

I have had indians working for me for the past 15 years in my manufacturing operations , while nobody is perfect what the bring is good work ethics , Technical know how ,discipline and focus on the job - less distractions, issues you might have is when they start looking for better paying jobs elsewhere in Nigeria , or encourage a rich colleague from there local community to start the same business line


I have had frauds running into 9 figures over the last 15 years , is it outright forging of bank tellers , stealing of goods from the warehouse and depots, sales reps absconding with sales proceed , gang up of account , audit and sales staffs , forging of signature on companies cheques , stacking of empty cartons when audit goes to remote places for stock taking , some northern depots to be precise, inflation of invoices , collusion with suppliers etc etc

I Cover most of nigeria thru 9 depots , about 45 reps apart from distributors, tried all sorts of guarantorships , lawyers agreement , collecting original certificates , collecting open dated cheque with guaranteed amount , prosecution etc
For me way forward/ strategy has been growing my distributors base to make them account for more of my sales and less should come thru reps , targeting 80%, presently at 55% , coming from 5-10 % , where it was 15/ 20 years ago, I do independent audit of stocks, accounts etc by an independent consultant on a quarterly basis , started using mds warehousing in some of my operations as against coy managed and staffed warehousing , my processes are much better than 5/10 years ago but not fool proof , we are a very ingenious lot . Reminds me of the cashier that brought her own Pos to shoprite and was diverting payments some years ago , my point is even big global businesses must find solutions and adapt to our peculiarities when they get here

Business is war is what I say a lot , and it’s a puzzle you must keep solving , you must keep coming up with solutions and not be static , you must be fully on ground , there are good people maybe 1 in 20 , when they come along you must encourage and keep them. Business especially manufacturing in Nigeria is serious work , not for the faint hearted

Regardless of all above challenges , For me nigeria is still a land of enormous opportunities and a question I have been asking for the past 20 years is why do the Indians and Lebanese keep coming , and the Chinese of recent , obviously they are seeing opportunities we are not seeing or willing to take especially in some sectors of the economy

A country with lax regulations like Nigeria

Is a place these businessmen from asia like to set up ans establish

DexterousOne:



A country with lax regulations like Nigeria

Is a place these businessmen from asia like to set up ans establish

The fact that Nigeria is attracting numbers of Lebanese, Indians and Chinese and not westerners or people from civilised countries is actually worrisome.
Real oyibo are concentrated in the industries where they absolutely have to be - the oil industry, then a few MNCs, and are nowhere to be found in the sectors where the Asians abound.
While I admire the adventurousness of those Asians who come here, I would never seek nor accept employment in one of their enterprises; they are generally contemptuous of us, and given the countries they come from, are used to dishing out lousy treatment.

These revelations so depressing. . . :'

Nigeria sha


#sigh

ultron12345:


Yes, practical examples. Especially when you have poultry farms in different locations and you can't be everywhere at the same time. How does one handle such?

Use cctv to record what happens when you are not on ground to monitor the farm.

Cyberknight:


The fact that Nigeria is attracting numbers of Lebanese, Indians and Chinese and not westerners or people from civilised countries is actually worrisome.
Real oyibo are concentrated in the industries where they absolutely have to be - the oil industry, then a few MNCs, and are nowhere to be found in the sectors where the Asians abound.
While I admire the adventurousness of those Asians who come here, I would never seek nor accept employment in one of their enterprises; they are generally contemptuous of us, and given the countries they come from, are used to dishing out lousy treatment.

Not entirely correct , a lot of successful South African businesses are in nigeria

Non of the major international airline businesses are owned by those group of people , you should find out how much airlines remit in ticket sales esp before covid

Google tomatoes jos , am sure other examples abound

The point however is that it makes me very sad to see this people ,all of them , repatriate all that profits and wealth back to there home countries , this are people that came with virtually nothing ( compared to the profits they have reaped and are still reaping ) 20/30/ 40 years ago ,even in china foreign coy are mandated to partner with local coy in order to retain profit and expertise with the local population thereby empowering locals - a story for another day

Read the story of Olam , actually started in Nigeria as a subsidiary of kewalrams in the early 90s before it was spun of , moved initially to london , then Singapore and is now the behemoth it is now

Read the story of the guys that brought indomie to Nigeria , see how they have grown from the 90s to where they are now , so massive

ultron12345:


I can relate very well with your second paragraph.

I run a manufacturing business and a trading business.
The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff. Everyone we hire is appears to be on a mission to steal as much as possible. Inflated invoices, recording less than the actual number of units produced. The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management. There was a year I overhauled management 3 times in a year. But I've found a solution sha, I now use Indian management. So competent, so honest and so straightforward. I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management. Now, all sensitive positions involving money go to Indians. Nigerians are only allowed in non-sensitive positions. I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff. The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions. I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money. This money spent on security companies is even enough to be declared as profit. We have to spend on CCTV, biometric scanners and other things that wouldn't not be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer conpaetency but honesty. At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how they are no jobs. I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business. So instead of investing in the real sector and creating jobs, they'll just buy treasury bills, while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we cant because you can't trust anyone. This is one advantage the Indians and Lebanese have over us in Nigeria. They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go
ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing
your money. On the days you're around at the business, the money
realized will be x10 of the money realized when you're not around.
Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the
total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

You'll see them with that their evil, wicked saying "na where person dey work, na there e dey chop, na e make dem dey callam workchop/workshop"...... Just imagine, justifying theft at work.

And you'll see these people point their crooked fingers at politicians when they're not any different. I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

Nigerians are the problem of Nigeria.

Well said.

I still don't know how we are so seemingly religious in this country yet many of NIGERIANS would STEAL if given the opportunity

Well, employers are part of the problem too


I've seen many employers in this country paying workers pittance.

Last year, I debated with a friend who owns a hotel about this.

He paid workers about 20k per month and expected them to work 12 hours a day, an amount that he acknowledged that most workers could barely survive on.

He always countered me with the saying "did I force them to work for me."

While I'm not writing this as a pretext to encourage stealing, employers need to stop breeding a climate that encourages dishonesty.

As for me, I can't hire someone whom I can't pay a reasonable salary.

I know some Nigerian workers will still steal even if you pay them well. Nonetheless, doing the needful will reduce the current plague of dishonesty bedevilling this country.


Another solution, which I think would help, is teaching our children/workers ethics.

CsRockefeller:
The other day[b] I was telling someone that corruption and fraud especially is ingrained in every Nigerian DNA[/b]. What few do is to fight that inbuilt trait, the remaining just live it out.

We are such a dishonest people. In an attempt to mask our evil acts we have legalized fraud and corruption into different forms.

A Nigerian doesn't even trust his fellow citizen so why should a foreigner do? Look at how high we build our fences like we are guarding against wild animals.

Nigerians were not fantastically corrupt 2-3 decades ago. I just don't know how we metamorphosed into this new unethical behavior.

This year alone, I was scammed of almost 100k.

Nigerian police asking me for more money to implore Eco bank to freeze the account of the criminal.

kintus:


I like your submission Sir. Speaking out of well nourished experience. A lot to learn from.

In contrast to some of your views, I know within me that we still have some good Nigerians out there. I am a good Nigerian and I know a few others who wouldn't spoil their names and value for money.

Sometimes, we need to be on the other side of the table to see the true picture. The same Indians we come here to praise and glorify also have been convicted and found wanting in some Nigerian firms for advanced frauds.

Having a good employee is a gift and that is what I tell most people. Keep asking God to give you a good person.

Also, one important factor most employers miss out is - how they treat their employees. Some employers can be so wicked with zero empathy.

I need job Sir.

Thank you.

Part of why we are not progressing. We keep thinking GOD will come from the sky to put our house in order when we are not ready to change our DIRTY ways

Benzboys:
There is no way to safeguard money without increasing running cost.
If carrying cash to a bank is a problem to you,bring POS and start offering cashback services to clients who need it.
It would reduce the volume of cash taken to the bank at the close of business,mitigating flight risk of workers.
Who want carry small money runaway?
As for accounting for your items in retail shops,I'm sure you know those barcodes you see at the back of items are not for formality.
It records all units sold for pricing and accounting purposes automatically.
So you can just use that data to balance your books using basic arithmetic methods.
Now you would say what if the cashier is stealing manually?Like selling stuff without passing it through the machine or outrightly stealing stuff physically right?
You can fix weekend early mornings when customer traffic is slow for manual checks and balances too,so that you compare what you have in stock,what you've sold(both cash and credit) and cash recovered and compare to see if it balances na.
If it doesn't,whoever manages the premises have questions to answer na,is it not so again?

This man is leaving in a different Nigeria in his head ooo... He did not read/hear about the news of ShopRite staff in a Nigerian branch that was smuggling her personal POS Machine to the mall for customer to use for payment of purchases made some 2-3 years ago.

keeper303:


Use cctv to record what happens when you are not on ground to monitor the farm.

Except they do not discover the CCTV is their. If not they will either switch off the power source when committing or look for a way to destroy it completely.

topsquino:


Well said.

I still don't know how we are so seemingly religious in this country yet many of NIGERIANS would STEAL if given the opportunity

Well, employers are part of the problem too


I've seen many employers in this country paying workers pittance.

Last year, I debated with a friend who owns a hotel about this.

He paid workers about 20k per month and expected them to work 12 hours a day, an amount that he acknowledged that most workers could barely survive on.

He always countered me with the saying "did I force them to work for me."

While I'm not writing this as a pretext to encourage stealing, employers need to stop breeding a climate that encourages dishonesty.

As for me, I can't hire someone whom I can't pay a reasonable salary.

I know some Nigerian workers will still steal even if you pay them well. Nonetheless, doing the needful will reduce the current plague of dishonesty bedevilling this country.


Another solution, which I think would help, is teaching our children/workers ethics.

Forget about the religiousity it is just there without fear of God. Most times even trying business a clergyman is even more dangerous.

As for your friend, I do not know if you considered the capital invested and returns he gets. Also if you consider his contemporaries in the industry to see how low his salary payment is.

Yes, while it is very good on the part of the employer to be considerate in rewarding his employees, the employees also need to have integrity of their own by rejecting the to work for the employer if the salary is not up to their expectations. Not have theft on their mind as a backup plan.

Mind you, no matter the amount a staff is paid or highly placed he is it does not stop him/her from manifesting his lack of integrity and greed if it is inherent. If not why will the manager of a bank branch, the overall boss that branch connive with armed robbers to rob his branch.? Because that is the most intelligent way he feels he can reap the bank and its shareholders off without being caught.

What sector would you advise someone who wants to invest with nine figures to go into?

rmx:


Interesting

At times I feel Nigerians have the most boldness on the planet when it comes to committing financial impropriety , the sheer scale and audacity at times is numbing

I have had indians working for me for the past 15 years in my manufacturing operations , while nobody is perfect what the bring is good work ethics , Technical know how ,discipline and focus on the job - less distractions, issues you might have is when they start looking for better paying jobs elsewhere in Nigeria , or encourage a rich colleague from there local community to start the same business line


I have had frauds running into 9 figures over the last 15 years , is it outright forging of bank tellers , stealing of goods from the warehouse and depots, sales reps absconding with sales proceed , gang up of account , audit and sales staffs , forging of signature on companies cheques , stacking of empty cartons when audit goes to remote places for stock taking , some northern depots to be precise, inflation of invoices , collusion with suppliers etc etc

I Cover most of nigeria thru 9 depots , about 45 reps apart from distributors, tried all sorts of guarantorships , lawyers agreement , collecting original certificates , collecting open dated cheque with guaranteed amount , prosecution etc
For me way forward/ strategy has been growing my distributors base to make them account for more of my sales and less should come thru reps , targeting 80%, presently at 55% , coming from 5-10 % , where it was 15/ 20 years ago, I do independent audit of stocks, accounts etc by an independent consultant on a quarterly basis , started using mds warehousing in some of my operations as against coy managed and staffed warehousing , my processes are much better than 5/10 years ago but not fool proof , we are a very ingenious lot . Reminds me of the cashier that brought her own Pos to shoprite and was diverting payments some years ago , my point is even big global businesses must find solutions and adapt to our peculiarities when they get here

Business is war is what I say a lot , and it’s a puzzle you must keep solving , you must keep coming up with solutions and not be static , you must be fully on ground , there are good people maybe 1 in 20 , when they come along you must encourage and keep them. Business especially manufacturing in Nigeria is serious work and a calling , not for the faint hearted . You need a good amount of God’s grace too

Regardless of all above challenges , For me nigeria is still a land of enormous opportunities and a question I have been asking for the past 20 years is why do the Indians and Lebanese keep coming , and the Chinese of recent , obviously they are seeing opportunities we are not seeing or willing to take especially in some sectors of the economy

Increasing poverty is making Nigerians more corrupt, it is a proven fact that people are nicer and happier when they are comfortable, a brother that i have really helped had to dupe me of 30k in getting a cook when i wanted to visit Nigeria, cook charged 70k but he billed me 100k..this is what financial insecurity can cause..many Nigerians living in Nigeria are like this

topsquino:


Nigerians were not fantastically corrupt 2-3 decades ago. I just don't know how we metamorphosed into this new unethical behavior.

This year alone, I was scammed of almost 100k.

Nigerian police asking me for more money to implore Eco bank to freeze the account of the criminal.

freeman67:



This man is leaving in a different Nigeria in his head ooo... He did not read/hear about the news of ShopRite staff in a Nigerian branch that was smuggling her personal POS Machine to the mall for customer to use for payment of purchases made some 2-3 years ago.

And so what?
So people should stop business because a girl smuggled a POS machine?
You've got to be kidding me.

topsquino:


Well said.

I still don't know how we are so seemingly religious in this country yet many of NIGERIANS would STEAL if given the opportunity

Well, employers are part of the problem too


I've seen many employers in this country paying workers pittance.

Last year, I debated with a friend who owns a hotel about this.

He paid workers about 20k per month and expected them to work 12 hours a day, an amount that he acknowledged that most workers could barely survive on.

He always countered me with the saying "did I force them to work for me."

While I'm not writing this as a pretext to encourage stealing, employers need to stop breeding a climate that encourages dishonesty.

As for me, I can't hire someone whom I can't pay a reasonable salary.

I know some Nigerian workers will still steal even if you pay them well. Nonetheless, doing the needful will reduce the current plague of dishonesty bedevilling this country.


Another solution, which I think would help, is teaching our children/workers ethics.

i was paying 30k cos that what the business can afford to pay as cost of sales ....even big salary will affect dwindle the profit to zero if u add other fixed cost ......same with school ....can the parents afford to pay school fees that can translates to 100k salary or 20k ...

XiaoLi:
Increasing poverty is making Nigerians more corrupt, it is a proven fact that people are nicer and happier when they are comfortable, a brother that i have really helped had to dupe me of 30k in getting a cook when i wanted to visit Nigeria, cook charged 70k but he billed me 100k..this is what financial insecurity can cause..many Nigerians living in Nigeria are like this

A their will always steal, whether he's paid 20k a month or 1 billion a month. If "financial security", politicians and senators that earn hundreds of millions will not be stealing, bank managers will not be stealing. Just look at hushpuppy, after amassing so much wealth that can make him and his future generations financially secure, he still chose to steal more.

A thief will always be a thief no matter how much he's paid

XiaoLi:
What sector would you advise someone who wants to invest with nine figures to go into?

Fraud of 9 figures over the last 15 years. You might not actually need 9 figures to start the business

XiaoLi:
Increasing poverty is making Nigerians more corrupt, it is a proven fact that people are nicer and happier when they are comfortable, a brother that i have really helped had to dupe me of 30k in getting a cook when i wanted to visit Nigeria, cook charged 70k but he billed me 100k..this is what financial insecurity can cause..many Nigerians living in Nigeria are like this

That should be his professional and consultancy fees for getting you a very good cook

ahiboilandgas:
i was paying 30k cos that what the business can afford to pay as cost of sales ....even big salary will affect dwindle the profit to zero if u add other fixed cost ......same with school ....can the parents afford to pay school fees that can translates to 100k salary or 20k ...

You can use money from other sources to pay the workers. Because you are a father Christmas.

When the head is rotten the whole body will be destroyed, if our leaders start getting it right and leading by example things will definayely change in Nigeria, in the part of the world where i live a top government official will wait for traffic light and obey traffic rules, but in Nigeria a government official in traffic will drive through the way one route..tell his mopols to clear the road for him with force..e.t c. I can go on and on in the attrocities that our leaders commit...so how do you expect a common man to be different tomorrow if he has such power? so i don't agree with those who said that Nigerians is the problem with Nigeria..let's call a spade a spade the government is the problem of Nigeria, if they start to get it right by their attitudes,policies, full effect of the Nigerian law things will definately change..

ultron12345:


A their will always steal, whether he's paid 20k a month or 1 billion a month. If "financial security", politicians and senators that earn hundreds of millions will not be stealing, bank managers will not be stealing. Just look at hushpuppy, after amassing so much wealth that can make him and his future generations financially secure, he still chose to steal more.

A thief will always be a thief no matter how much he's paid

In MMA International airport Lagos, you have to pay 2k for the small trolley and 2500k for the big trolley..it has been like this for many years...it is only in Nigeria airport i have paid for trolley in the whole world..this is pure corruption..yes it is a Nigerian that run the trolley company and it is Nigerians that collect the money but it is the responsibility of the governemnt to stop such shady business..not the responsibility of you and i if not why are they called the government?

emmanuelewumi:



You can use money from other sources to pay the workers. Because you are a father Christmas.

no way if they business cant sustain itself and mint out a fair profit above fixed income i will shut down and move capital to bonds and drink wine

Morning greetings to everyone.

Daddies and mummies in the house, please is it advisable to buy UPDC REIT shares now?

Apologies threadants for deviating a bit.

Taking into consideration what i have done for him, assisting him alot in his business, dashing him a car that is still in best condition, i think it was not nice of him atall to add even 1k to that bill...it is only in Nigeria people will do this

emmanuelewumi:



That should be his professional and consultancy fees for getting you a very good cook

freeman67:



This man is leaving in a different Nigeria in his head ooo... He did not read/hear about the news of ShopRite staff in a Nigerian branch that was smuggling her personal POS Machine to the mall for customer to use for payment of purchases made some 2-3 years ago.

You see most of us just observing him and not talking much

ahiboilandgas:
i was paying 30k cos that what the business can afford to pay as cost of sales ....even big salary will affect dwindle the profit to zero if u add other fixed cost ......same with school ....can the parents afford to pay school fees that can translates to 100k salary or 20k ...

If the business cannot afford to pay a salary that is sufficient to pay a decent salary, then the business model needs to be revised.

I once meet a woman who was head over heels for me.

She worked as a cheff in a hotel and wanted to repay me for my magnanimity.

Guess what she did.

She began rationing customer's food just to accommodate the 'special' food she wanted to bring for me.

Not only that, she stealthy colluded with the security men to bring the food out of the hotel to my house.

Immediately I saw the food, I inquired about how she got the money to cook the food.

And she divulged what I typed above.

She said she earned 30k per month , which was not enough to keep up with her recurrent expenses.

I told her to find another job, but she declined.

Her reason was that she would not be able to find another job if she resigned.

Her mentality and mindset was just too toxic for me, no thanks to the virus called POVERTY.

COROLLARY

The unemployment rate in this country is alarming.

And evidence from research has SHOWN CONSISTENTLY that people throw morality in the trash when the scourge of poverty hit THEM so hard.

To stop or abate this NIGERIAN CURSE we are all complaining about, employers need to come up with a business model that can pay a decent salary for workers.

If we don't do this:

We will continue seeing security men accosting customers to give them money.

Workers will continue to pilfer the merchandise of employers.

The rate of turnover of honest workers will continue to soar.

And the circle of distrust and unoroductivity continues.


I want to remind the young ones.

Nigerians were not like this.

We were once nice, honest and trustworthy.

We were once less selfish and patriotic.

But the virus called POVERY has altered our DNA and blinded us from doing the right thing.