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Nairaland Forum / Swanbest's Profile / Swanbest's Posts
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ML320 V6 Engine Leather Alloy rims Automatic Airbags Anti-lock braking system. Power steering Factory AC Power window Power mirrors Doors:4 CD player/Tape/FM/AM This Nigerian used benz ML jeep was rarely used by the owner within the last 2 years its been registered because of official car from work. Vehicle is still in a very sound condition. Call Mrs Ogungbe: 08098459547 08160489735 BB PIN 26B44EF4 Location: CITEC ESTATE, AIRPORT ROAD. JABI. ABUJA |
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V6 Half Leather Alloy rims Automatic Airbags Anti-lock braking system. Power steering Factory AC Power window Power mirrors Doors:4 CD player/Tape/FM/AM Call Mrs Ogungbe 08098459547 or 08160489735 This Nigerian used benz ML jeep was rarely used by the owner within the last 2years its been registered. Vehicle is still in a very sound condition. |
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It must be easier and cheaper to get a building approval in any other part of the country or indeed the world than Lagos State. I started processing an approval for two buildings (8 flats) 15 months ago in Agege. The application spent about a year in tax clearance verification department and then came back with a request for me to pay N450,000 for 2009. We are not even talking of 2010 yet. Problem though is that I don't live in Nigeria. So far have spent over N300,000 and am not closer to getting an approval now than when I started. Still wondering what to send them as my Tax Returns may not be enough. Bigger questions is how long it will take them to do the verification if and when I do send my Tax Returns. It'll be nice if one can walk into their office and get a list of what they need etc and also be able to do the follow-ups but then how will touts feed their families? The lady (staff) processing the application for me even advised me to go ahead with my construction and just keep something aside for the boys from the council when they show up. Maybe if am a politician with stolen money, I can do that but not with my hard earned £s including loans that must be paid back. (God save Nigeria) |
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Much of illicit outflow has gone into western financial institutions More than £1tn may have flowed out of Africa illegally over the last four decades, most of it to western financial institutions, according to a new report. Even using conservative estimates, the continent lost about $1.8tn (£1.18tn) – meaning Africans living at the end of 2008 had each been deprived of an average of $989 (£649) since 1970, according to the US-based research body Global Financial Integrity (GFI). The report says globally in recent years much attention has been focused on corruption – the proceeds of bribery and theft by government officials – and this only makes up about 3% of the cross-border flow of illicit money around the world. The proceeds of commercial tax evasion, mainly through trade mis-pricing, contribute 60% to 65% of the global total, while drug trafficking, racketeering and counterfeiting make up 30% to 35%. The report says Africa's percentages are likely to be roughly the same. The scourge eats into Africa's total GDP, says the report, Illicit Financial Flows from Africa: Hidden Resource for Development. Losses rose from around 2% of GDP in 1970 to a peak of 11% in 1987, then dropped below 4% for much of the Nineties, only to increase again to 8% of GDP in 2007 and 7% in 2008. The GFI says that existing research shows that most flows to western financial institutions, and calls on G20 members to crack down on international banks and offshore financial centres. Illicit outflows from Africa grew at an average 11.9% a year over the four decades. Some of this is attributed to oil price rises and increased opportunities to mis-price trade. "It is not unreasonable to estimate total illicit outflows from the continent across the 39 years at some $1.8tn," writes Raymond Baker, director of the GFI. "This massive flow of illicit money out of Africa is facilitated by a global shadow financial system comprising tax havens, secrecy jurisdictions, disguised corporations, anonymous trust accounts, fake foundations, trade mis-pricing and money laundering techniques." This capital loss has a devastating effect on development and attempts to alleviate poverty, the report says. Even by a more conservative estimate, using accepted economic models from the World Bank and the IMF, Africa has lost $854bn in cumulative capital flight between 1970 and 2008, the report notes. This would be enough to not only wipe out its 2008 external debt of $250bn but potentially leave $600bn for poverty alleviation and economic growth. "Instead, cumulative illicit flows from the continent increased from about $57bn in the decade of the 1970s to $437bn over the nine years 2000-2008." Africa lost around $29bn a year between 1970 and 2008, of which the Sub-Saharan region accounted for $22bn. On average, fuel exporters including Nigeria lost capital at the rate of nearly $10bn a year. "The impact of this structure and the funds it shifts out of Africa is staggering. It drains hard currency reserves, heightens inflation, reduces tax collection, cancels investment, and undermines free trade. It has its greatest impact on those at the bottom of income scales in their countries, removing resources that could otherwise be used for poverty alleviation and economic growth." It says that the huge outflow explains why aid efforts to reduce poverty have underachieved in Africa. "According to recent studies by GFI and other researchers, developing countries lose at least $10 through illegal flight capital for every $1 they receive in external assistance." |
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Hi all, Please I need help, especially from the professionals on how to get my building plan approved. I bought the building in Agege area of Lagos not too long ago. What are the processes for obtaining this? What is the likely cost? Roughly how long will this take in Lagos? Please note that the building is half way completed and I'll like to get this done before resuming work at the site. Thanks |
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Someone please give me a good idea either from experience or their professional knowledge of a rough estimate of cost and time line for getting an approved building plan for a building consisting of 4 flats of 3 bedrooms each in Agege, Lagos The property is currently 2 flats of 3 bedrooms each and decked. The previous owner does not have a building plan for the property. I want to complete the building and build it up into 4 flats (that is to complete the upper floor) I don’t live in Nigeria and so far have spoken to up to 6 people ranging from Architects to builders and designers etc. And each time, there is always a huge difference in price, timeline and how to go about it from each of the so called professionals Any and all advice will be greatly appreciated. |
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I currently reside in the UK and planned on moving back home soon. My wife and I have both decided to make Ibadan our new home, problem though is that non of us know a lot about the city as we were both born and raised in Lagos before relocating to the UK almost 20 years ago. We therefore need help in deciding where in the city to concentrate our efforts, especially areas with gated estates, good security, infrastructure and that are reasonably priced. |
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