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Home Blog Page 5138

China leads the world’s manufacturing output

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“Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars”, explains Macrotrends. China runs this show.

Map of the world’s manufacturing output.
Asia 52%
Europe 22%
North America 18%
Latin America 5%
Africa 2%
Oceania 1%

The 2023 Lost Elections; How Conditional Cash Transfer (CCT) Rigs Elections in Nigeria

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The rigging of the mind is back: TraderMoni, FarmerMoni, [you name it]moni. This was what APC used to rewire the last election. Yes, days to the election, the federal government was crediting market women, farmers, etc with money in a way that put opposition parties at a big disadvantage, in a nation where stomach infrastructure (food giveaway) wins elections.

As another election looms, the special rigging infrastructure is back: “The Federal Government says it has resumed payment of over N9.24 billion to 76,107 beneficiaries of Conditional Cash Transfer (CCT) programme across the six local government areas in Kebbi State. The National Coordinator of the programme, Halima Shehu, announced this during a courtesy visit to Gov. Atiku Bagudu in Birnin Kebbi.” They stopped the payment in 2019 and now they want to resume!

Watch as they scale this across the nation, accelerating it just days to elections. President Buhari has surprised me in many ways. Who would have believed this type of thing would happen under his watch? Yes, the timing of this cash transfer is shameful in a democracy

This is a pure institutionalized bribery for votes, distorting an organic equilibrium for free and fair election where candidates’ competence and capabilities are being evaluated by voters. But it is happening and they think it is fair in a democracy; very shameful for a nation.

#Unbelievable.

Join Us At Tekedia Institute And Become A Better Business Owner, Professional

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Come, and let us co-learn over the next 12 weeks, starting June 6, at Tekedia Mini-MBA. I will share my perspectives and you will share yours. With courseware developed by more than 200 world-class faculty, you will experience quality on mastering the business of entrepreneurial capitalism.

I have been a business guy. I began at Oriendu Market Ovim Abia State, selling garri for my grandmother. In FUTO, I owned my own business – FUTO Bubbles, a print magazine – and in NYSC, I ran Ultinet Systems, supporting NYSC state HQ on structuring office wiring & telephony. Even as a PhD student in America, I was a student during the day in the lab, CEO at night.

When you like containers the way I do, nothing can take you away from business. I share my business experiences. You will see your world differently if you attend any Tekedia Institute program. I ask you to enroll today here.

We have many programs and you will find one that works for you, your staff, your mentees, etc. Begin here

Tekedia Capital Salutes BoundlessPay On Its Evolving Ascension

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Homeboy Franklin Peters Odoemenam, bring it home. Isuikwuato Abia State will take you to ikoro. Congratulations to Boundlesspay for the evolving ascension. I salute UNN because we will be replacing those “lions” with “unicorns”. Nicknamed blockchain Oracle, born in Isuikwuato Abia, made a lion at UNN, and now building a category-king company in Dubai. Aku ruo ulo, congratulations; Tekedia Capital salutes.

A person in possession of a stolen item is presumed to be the thief

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A lady took to Twitter to narrate how she was arrested and detained by the police for purchasing airtime from a roadside vendor whom the police said to have stolen the airtime. She stated that she genuinely had no idea that the vendor stole the airtime since the vendor is a regular they always purchase airtime from.

She does not know what her fate could be the reason why she’s crying out on Twitter for help. 

The fact is according to Nigerian law if you buy or are found to be in possession of a stolen item you will be prosecuted for a felony or misdemeanor. This is the provision of S 427 of the criminal code act which was captioned “Receiving property stolen or fraudulently obtained and like offenses” and it provides thus: 

Any person who receives anything which has been obtained by means of any act constituting a felony or misdemeanor, or by means of any act done at a place, not in Nigeria, which if it had been done in Nigeria would have constituted a felony or misdemeanor, and which is an offense under the laws in force in the place where it was done, knowing the same to have been so obtained, is guilty of a felony.

If the offense by means of which the thing was obtained is a felony, the offender is liable to imprisonment for fourteen years, except in the case in which the thing so obtained was postal matter, or any chattel, money, or valuable security contained therein, in which case the offender is liable to imprisonment for life.

In any other case, the offender is liable to imprisonment for seven years.

For the purpose of proving the receiving of anything, it is sufficient to show that the accused person has, either alone or jointly with some other person, had the thing in his possession, or has aided in concealing it or disposing of it.

By this provision, by the reason of you being in possession of the stolen property, it is presumed that you are the thief or you have the knowledge that the item was stolen. For you not to be prosecuted, it must be ascertained after investigations that you do not know that the item you purchased or in your possession was stolen. 

The fate of the lady who purchased stolen airtime hereby, is after investigation and it is clear that he has no knowledge that the item was stolen then she will be off the hook and won’t be prosecuted. 

This is a modest call to all and sundry to take extra precaution and go the extra mile in verifying items purchased, especially when the item is unnecessarily cheap; cheaper than the market value, or an item sold in a place where it ought not to be sold because even if you have no idea that the item you purchased was stolen, the item will still be retrieved from you and given back to the original owner of the item. If you buy stolen goods, the general rule is that you are not the legal owner even if you paid a fair price and didn’t know that the goods were stolen. The person who originally owned them is still the legal owner.

Finally, as a general rule in law, a person is presumed to be the thief for being in possession of the stolen property. A person found to be in possession of the stolen property may also be charged with the offense of receiving stolen property unless it is ascertained that the person had no knowledge that the item was stolen but that does not mean that the item won’t be retrieved and given back to the original (legal) owner.