My home state of Abia has a budget of N147.28 billion for 2022; Dangote Cement made a profit after tax of N364.4 billion in 2021.  Who should be His Excellency? The one managing N147 billion or the person generating N364 billion.

Like Hamlet answered Lord Polonius “Words, Words, Words”, in Hamlet, by William Shakespeare, at this moment, it is “Profit. Profit. Profit”. Like Samuel Taylor Coleridge’s “The Rime of the Ancient Mariner”  where those lines were dropped:  “Water, water everywhere, / Nor any drop to drink”. Turns of profit in Nigeria, yet, many are seeking for the home of abundance.

Good People, Chinua Achebe said it all,  “an adult does not sit and watch while the she-goat suffers the pain of childbirth tied to a post”; shine ya eyes for Naija. Yes, opportunities remain because frictions abound. Sure, we can do better. But note this – abundance LIVES here.

Credit: from Chukwuemeka Nwagwu Bsc, Msc

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Comment: It tells you where true value lies, that government is not the answer but entrepreneurship. Check every person who has blamed the government for his/her misfortunes and lack of success, there’s always a glaring capability gap.

We have not achieved sufficiency in anything, but most people can’t still see the opportunities therein. Between developed and developing country, which should hold greater opportunities? But again, you need that visioning capability to make sense of unharvested abundance.

Entrepreneurs lead, governments follow, but when you expect governments to lead in wealth creation, poverty and miseries abound.

The social media everyone enjoys today wasn’t a creation of governments, but after its emergence, governments started coming into the space to assert their relevance, that is government for you. What would have happened if governments were tasked with creating social media for all peoples? It would have been unusable.

Worry more about your lack of capacity and foresight, not government inefficiencies. Anything you want to see happening, get to work, and once you create big activities there, government will take notice and work with you to make it better.

Those who create wealth are the true excellencies.

Most times when i advise some clients to make sure they carry out due diligence before investing on any platform they are quick to point out that they have done their homework and that they have checked if the company they want to invest in is registered with the corporate affairs commission (CAC) and it is registered, therefore the company been registered with the CAC must be genuine.

This line of thought that every company registered with the corporate affairs commission is genuine and legit is marred with ignorance.

For the record, not every company or business registered with the CAC is genuine; some fraudsters register their businesses or companies with the corporate affairs commission too.

It should be noted that although CAC is expected to make sure that every business or company registered with them is legit, their main function as a governmental body as set out in section 7 of the Companies and Allied Matters Act, includes: administering the Act, the regulation and supervision of the formation, incorporation, management and winding up of companies.

But when it involves investment companies, that the company is registered with the CAC does not prove the authenticity of the company. CAC documents and certificates that the company holds mean nothing when it comes to proving their authenticity.

It is the Securities and Exchange Commission (SEC) that is a body that regulates all capital market operators including investment platforms. The Securities and Exchange Commission (SEC), is the Apex Regulator of the Nigeria Capital Market and they are responsible for developing and regulating the capital market.

Some of the functions of the Security and Exchange Commission include;

To Develop and Regulate a Capital Market that is Dynamic, Fair, Transparent and Efficient, to Contribute to the Nation’s Economic Development.

The Securities and Exchange Commission is mandated to Regulate and Develop the Nigerian Capital Market.

The Securities and Exchange Commission oversees securities exchanges, securities brokers and dealers, investment advisors, and mutual funds in an effort to promote fair dealing, the disclosure of important market information, and to prevent fraud.

If you want to confirm or verify if an investment platform is genuine, first you will need to confirm if they are registered with SEC or licensed by SEC to carry out the business of crowdfunding, capital investment, capital market, etc, SEC is the right body to approach, you can go to their website and you will see the list of all licensed capital market operators.

The SEC maintains surveillance over licensed capital market operators and investment platforms with the mandate of ensuring orderly and equitable dealings and protecting the market against fraudulent activities.

You can always contact them or write to them for your inquiries.

Their Contact details are:

SEC TOWERS,

Plot 272, Samuel Adesujo Ademulegun Street, Central Business District

P.M.B:315, Garki, Abuja

+234 (0) 94621100; +234 (0) 94621168

Email: sec@sec.gov.ng

Website: sec.gov.ng

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“I have a statement to the world. It may be my last statement, because we have only a few days, or even hours, left. We appeal to world leaders to apply the extraction procedure to the military of the Mariupol garrison…We are completely surrounded. There are about 500 wounded military, it is very difficult to provide them with medical care. They literally rot,” Maj. Serhii Volyna, commander of Ukraine’s 36th Separate Marine Brigade to CNN.

People, what is going on in Ukraine? I am finding this unbounded heroism thing irritating because it may be doing more harm than good to Ukraine. I mean, why can’t the Ukrainian soldiers in Mariupol surrender under this hopeless situation?

I do not understand the logic anymore. I hope the United Nations is looking at this because if indeed Ukrainian soldiers in Mariupol are prevented from surrendering by their national leaders in Kyiv, and end up eliminated by Russians, President Zelendesky may have questions to answer in future.

Sure – you may ask me why worry about Ukraine when Kaduna and Orlu continue to bleed. Nigeria is experiencing its lowest point since the end of the Biafra war. I mean, death is so common that many newspapers do not waste space reporting on them!

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Comment: The year may be 2022 but humanity remains the same. Many civilizations have committed mass suicide before surrendering to an enemy. I’m sure you know this. Questioning the motives of both the oppressors and the oppressed is futile. Lest us make different choices in the same circumstances. My prayers go to both. The oppressors to be lenient and the oppressed to be wise.

My Response: “The oppressors to be lenient and the oppressed to be wise.” – I think I am helping the oppressed on the path of wisdom here. It is not everything written in history is right. It is like that sound by the Fugees with lyrics “killing me softly”. Yes, the person is “dying”, but softly, but the destination is the same! I do not buy that suicide is bravery in the 21st century. These men can be used for POW swaps but they have to be alive.