Are the rich kids of Nigeria the most outrageous yet with their lavish displays of wealth?
- Thread starter GAMETHEORY
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So, with all your American education, you still can't read. Lol. No wonder you hate Nigerians.
Clearly, I was only referring to you.
Since you want to talk about the ostentatious display of wealth by those Nigerians. Did you even notice that they were copying Black Americans? I guess you missed that in your haste to rent us space.
I referenced Black Americans in my post, and your reply was clearly directed at us.
Since you want to talk about the ostentatious display of wealth by those Nigerians. Did you even notice that they were copying Black Americans? I guess you missed that in your haste to rent us space.[/QUOTE]
Oh, so they were copying us now, and not the Russia, UK, or US rich kids mentioned in the article? FOH. You're taking this shit to heart because you're probably involved in this kind of corruption yourself. I guess all the shit you read in the articles below is a consequence of "copying Black Americans?"
http://www.dailymail.co.uk/debate/article-2387359/Nigeria-country-corrupt-better-burn-aid-money.html
http://www.newsweek.com/nigeria-lost-68-billion-corruption-seven-years-minister-417289
http://www.vanguardngr.com/2016/05/15bn-lost-corruption-affected-nigerias-economy-osinbajo/
http://www.premiumtimesng.com/news/...r-n1-34-trillion-in-8-years-lai-mohammed.html
http://www.businessinsider.com/afri...h-corrupt-dealings-in-the-past-decade-2012-10
https://www.theguardian.com/world/2012/nov/13/nigeria-oil-corruption-ridabu
A country so corrupt it would be better to burn our aid money
By MICHAEL BURLEIGH FOR THE DAILY MAIL
Nigeria is not quite the most corrupt country on earth. But according to Transparency International, which monitors international financial corruption, it is not far off — coming a shameful 172nd worst among the 215 nations surveyed.
Only countries as dysfunctional, derelict and downright dangerous as Haiti or the Congo are more corrupt.
In theory, Nigeria’s 170 million-strong population should be prospering in a country that in recent years has launched four satellites into space and now has a burgeoning space programme.
Frankly, we might as well flush our cash away or burn it for all the good it's doing for ordinary Nigerians
Moreover, Nigeria is sitting on crude oil reserves estimated at 35 billion barrels (enough to fuel the entire world for more than a year), not to mention 100 trillion cubic feet of natural gas.
It also manages to pay its legislators the highest salaries in the world, with a basic wage of £122,000, nearly double what British MPs earn and many hundreds of times that of the country’s ordinary citizens.
The oil industry is highly corrupt, with 136 million barrels of crude oil worth $11¿billion (£7.79 billion) were illegally siphoned off in just two years from 2009 to 2011
No wonder the ruling elite can afford luxury homes in London or Paris, and top-end cars that, across West Africa, have led to the sobriquet ‘Wabenzi’, or people of the Mercedes-Benz.
Yet 70 per cent of Nigerians live below the poverty line of £1.29 a day, struggling with a failing infrastructure and chronic fuel shortages because of a lack of petrol refining capacity, even though their country produces more crude oil than Texas.
And that poverty is not for want of assistance from the wider world.
70 per cent of Nigerians live below the poverty line of £1.29 a day, struggling with a failing infrastructure and chronic fuel shortages
Since gaining its independence in 1960, Nigeria has received $400 billion (£257 billion) in aid — six times what the U.S. pumped into reconstructing the whole of Western Europe after World War II.
Nigeria suffers from what economists call the ‘resource curse’ — the paradox that developing countries with an abundance of natural reserves tend to enjoy worse economic growth than countries without minerals and fuels.
The huge flow of oil wealth means the government does not rely on taxpayers for its income, so does not have to answer to the people — a situation that fosters rampant corruption and economic sclerosis because there is no investment in infrastructure as the country’s leaders cream off its wealth.
Nigerian police can often be easily bribed to look the other way in a country where corruption in Nigeria is endemic
Corruption in Nigeria is endemic — from parents bribing teachers to get hold of exam papers for their children through clerks handed ‘dash’ money to get round the country’s stifling bureaucracy to policemen taking money for turning a blind eye.
It is at its most blatant, perhaps, in the oil industry, where 136 million barrels of crude oil worth $11 billion (£7.79 billion) were illegally siphoned off in just two years from 2009 to 2011, while hundreds of millions of dollars in subsidies were given to fuel merchants to deliver petrol that never materialised.
Whether the country is ruled by civilians or soldiers, who invariably proclaim their burning desire to eradicate civilian corruption, it makes absolutely no difference.
The huge flow of oil wealth means the government does not rely on taxpayers for its income, so does not have to answer to the people
The military ruled Nigeria between 1966 and 1979 and from 1983 to 1999, but if anything, corruption was worse when they were in charge since they had a habit of killing anyone threatening to expose them.
It is estimated that since 1960, about $380 billion (£245 billion) of government money has been stolen — almost the total sum Nigeria has received in foreign aid.
And that even when successive governments attempt to recover the stolen money, much of this is looted again.
President Sani Abacha, a military dictator who ruled in the Nineties, had accrued a staggering $4¿billion (£2.58¿billion) fortune by the time he died
In essence, 80 per cent of the country’s substantial oil revenues go to the government, which disburses cash to individual governors and hundreds of their cronies, so effectively these huge sums remain in the hands of a mere 1 per cent of the Nigerian population.
More from Michael Burleigh for the Daily Mail...
- MICHAEL BURLEIGH: The purge! The mass culling of the professional classes in Turkey is chillingly reminiscent of Hitler's strategy to destroy his opposition and should terrify us all21/07/16
- MICHAEL BURLEIGH: Why I despise conman Blair's grubby attempt to spin away Chilcot truths 29/05/16
- MICHAEL BURLEIGH: The EU’s migrant €6bn deal with Turkey’s despot isn’t just shabby – it’s terrifying09/03/16
- The Sultan and the Tsar: Will the imperial ambitions of Russia's Putin and Turkey's Erdogan spark a new World War, asks historian MICHAEL BURLEIGH 14/02/16
- Why does Britain still cosy up to these butchers? MICHAEL BURLEIGH examines the impact of Saudi Arabia's decision to execute 47 prisoners including Shiite cleric04/01/16
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- Why Cameron's army of 70,000 Syrian moderates to defeat ISIS is a deadly fantasy writes MICHAEL BURLEIGH02/12/15
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- VIEW FULL ARCHIVE
The most egregious example was President Sani Abacha, a military dictator who ruled in the Nineties and accrued a staggering $4 billion (£2.58 billion) fortune by the time he died of a heart attack while in bed with two Indian prostitutes at his palace in the nation’s capital, Abuja, in 1998. Abacha’s business associates did nicely, too — one of them deposited £122 million in a Jersey offshore account after selling Nigerian army trucks for five times their worth.
Public office is so lucrative that people will kill to get it. Nigeria has 36 state governors, 31 of whom are under federal investigation for corruption.
In one of the smallest states, a candidate for the governorship occupied by one Ayo Fayose received texts signed by the ‘Fayose M Squad’ — and it was clear the ‘M’ was for ‘Murder’ when they stabbed and bludgeoned a third candidate to death in his own bed.
By the end of its term of office, the British Government will have handed over £1 billion in aid to Nigeria.
Given the appalling levels of corruption in that nation, this largesse is utterly sickening — for the money will only be recycled into bank accounts in the Channel Islands or Switzerland.
Frankly, we might as well flush our cash away or burn it for all the good it’s doing for ordinary Nigerians.
Read more: http://www.dailymail.co.uk/debate/a...rupt-better-burn-aid-money.html#ixzz4NmOvz4CG
Oh, so they were copying us now, and not the Russia, UK, or US rich kids mentioned in the article? FOH. You're taking this shit to heart because you're probably involved in this kind of corruption yourself. I guess all the shit you read in the articles below is a consequence of "copying Black Americans?"
http://www.dailymail.co.uk/debate/article-2387359/Nigeria-country-corrupt-better-burn-aid-money.html
http://www.newsweek.com/nigeria-lost-68-billion-corruption-seven-years-minister-417289
http://www.vanguardngr.com/2016/05/15bn-lost-corruption-affected-nigerias-economy-osinbajo/
http://www.premiumtimesng.com/news/...r-n1-34-trillion-in-8-years-lai-mohammed.html
http://www.businessinsider.com/afri...h-corrupt-dealings-in-the-past-decade-2012-10
https://www.theguardian.com/world/2012/nov/13/nigeria-oil-corruption-ridabu
A country so corrupt it would be better to burn our aid money
By MICHAEL BURLEIGH FOR THE DAILY MAIL
Nigeria is not quite the most corrupt country on earth. But according to Transparency International, which monitors international financial corruption, it is not far off — coming a shameful 172nd worst among the 215 nations surveyed.
Only countries as dysfunctional, derelict and downright dangerous as Haiti or the Congo are more corrupt.
In theory, Nigeria’s 170 million-strong population should be prospering in a country that in recent years has launched four satellites into space and now has a burgeoning space programme.
Frankly, we might as well flush our cash away or burn it for all the good it's doing for ordinary Nigerians
Moreover, Nigeria is sitting on crude oil reserves estimated at 35 billion barrels (enough to fuel the entire world for more than a year), not to mention 100 trillion cubic feet of natural gas.
It also manages to pay its legislators the highest salaries in the world, with a basic wage of £122,000, nearly double what British MPs earn and many hundreds of times that of the country’s ordinary citizens.
The oil industry is highly corrupt, with 136 million barrels of crude oil worth $11¿billion (£7.79 billion) were illegally siphoned off in just two years from 2009 to 2011
No wonder the ruling elite can afford luxury homes in London or Paris, and top-end cars that, across West Africa, have led to the sobriquet ‘Wabenzi’, or people of the Mercedes-Benz.
Yet 70 per cent of Nigerians live below the poverty line of £1.29 a day, struggling with a failing infrastructure and chronic fuel shortages because of a lack of petrol refining capacity, even though their country produces more crude oil than Texas.
And that poverty is not for want of assistance from the wider world.
70 per cent of Nigerians live below the poverty line of £1.29 a day, struggling with a failing infrastructure and chronic fuel shortages
Since gaining its independence in 1960, Nigeria has received $400 billion (£257 billion) in aid — six times what the U.S. pumped into reconstructing the whole of Western Europe after World War II.
Nigeria suffers from what economists call the ‘resource curse’ — the paradox that developing countries with an abundance of natural reserves tend to enjoy worse economic growth than countries without minerals and fuels.
The huge flow of oil wealth means the government does not rely on taxpayers for its income, so does not have to answer to the people — a situation that fosters rampant corruption and economic sclerosis because there is no investment in infrastructure as the country’s leaders cream off its wealth.
Nigerian police can often be easily bribed to look the other way in a country where corruption in Nigeria is endemic
Corruption in Nigeria is endemic — from parents bribing teachers to get hold of exam papers for their children through clerks handed ‘dash’ money to get round the country’s stifling bureaucracy to policemen taking money for turning a blind eye.
It is at its most blatant, perhaps, in the oil industry, where 136 million barrels of crude oil worth $11 billion (£7.79 billion) were illegally siphoned off in just two years from 2009 to 2011, while hundreds of millions of dollars in subsidies were given to fuel merchants to deliver petrol that never materialised.
Whether the country is ruled by civilians or soldiers, who invariably proclaim their burning desire to eradicate civilian corruption, it makes absolutely no difference.
The huge flow of oil wealth means the government does not rely on taxpayers for its income, so does not have to answer to the people
The military ruled Nigeria between 1966 and 1979 and from 1983 to 1999, but if anything, corruption was worse when they were in charge since they had a habit of killing anyone threatening to expose them.
It is estimated that since 1960, about $380 billion (£245 billion) of government money has been stolen — almost the total sum Nigeria has received in foreign aid.
And that even when successive governments attempt to recover the stolen money, much of this is looted again.
President Sani Abacha, a military dictator who ruled in the Nineties, had accrued a staggering $4¿billion (£2.58¿billion) fortune by the time he died
In essence, 80 per cent of the country’s substantial oil revenues go to the government, which disburses cash to individual governors and hundreds of their cronies, so effectively these huge sums remain in the hands of a mere 1 per cent of the Nigerian population.
More from Michael Burleigh for the Daily Mail...
- MICHAEL BURLEIGH: The purge! The mass culling of the professional classes in Turkey is chillingly reminiscent of Hitler's strategy to destroy his opposition and should terrify us all21/07/16
- MICHAEL BURLEIGH: Why I despise conman Blair's grubby attempt to spin away Chilcot truths 29/05/16
- MICHAEL BURLEIGH: The EU’s migrant €6bn deal with Turkey’s despot isn’t just shabby – it’s terrifying09/03/16
- The Sultan and the Tsar: Will the imperial ambitions of Russia's Putin and Turkey's Erdogan spark a new World War, asks historian MICHAEL BURLEIGH 14/02/16
- Why does Britain still cosy up to these butchers? MICHAEL BURLEIGH examines the impact of Saudi Arabia's decision to execute 47 prisoners including Shiite cleric04/01/16
- MICHAEL BURLEIGH: Get a grip Britain... it is time to confront the jihadi enemy within. A stark warning as ISIS orders 'volcanoes of terror'03/01/16
- Why Cameron's army of 70,000 Syrian moderates to defeat ISIS is a deadly fantasy writes MICHAEL BURLEIGH02/12/15
- MICHAEL BURLEIGH: Sinister yes, but it's right to to use these spies on the sky 08/09/15
- MICHAEL BURLEIGH: It's when, not if, the extremists hit Britain 26/06/15
- VIEW FULL ARCHIVE
The most egregious example was President Sani Abacha, a military dictator who ruled in the Nineties and accrued a staggering $4 billion (£2.58 billion) fortune by the time he died of a heart attack while in bed with two Indian prostitutes at his palace in the nation’s capital, Abuja, in 1998. Abacha’s business associates did nicely, too — one of them deposited £122 million in a Jersey offshore account after selling Nigerian army trucks for five times their worth.
Public office is so lucrative that people will kill to get it. Nigeria has 36 state governors, 31 of whom are under federal investigation for corruption.
In one of the smallest states, a candidate for the governorship occupied by one Ayo Fayose received texts signed by the ‘Fayose M Squad’ — and it was clear the ‘M’ was for ‘Murder’ when they stabbed and bludgeoned a third candidate to death in his own bed.
By the end of its term of office, the British Government will have handed over £1 billion in aid to Nigeria.
Given the appalling levels of corruption in that nation, this largesse is utterly sickening — for the money will only be recycled into bank accounts in the Channel Islands or Switzerland.
Frankly, we might as well flush our cash away or burn it for all the good it’s doing for ordinary Nigerians.
Read more: http://www.dailymail.co.uk/debate/a...rupt-better-burn-aid-money.html#ixzz4NmOvz4CG[/QUOTE]
Lol, I got you doing research on Nigeria. I get it, we are holding you down and you don't like it.
You know that I can do research on how Black American wealth in the U.S. has been stagnant while.... well you get my point.
Hey chief, I'm out but Nigerians will always be in your face anywhere you go though. So, learn to deal with it.
No need for me to research it as I already knew it. Hell, I even worked on a documentary about it.
But finish what you wanted to say - "You know that I can do research on how Black American wealth in the U.S. has been stagnant while.....".
fuck them all
Damn 70% live below poverty line,Najachief come on bruh you have to admit thats horrible
Those are the kids. This is how the MEN do it. This was taken at my brother's house last week . I know this picture will piss somebody off, but fuck it.
Goals like a muthafucka
Thanks. of course this is how I was motivated while growing up. My dad had all successful friends and they all came to the house every Saturday to drink and talk shit. I wanted to be like them. But on BGOL, we prefer to celebrate mediocrity though.
That was dope for you to see the success of your father and his friends at such a young age. One of my favorite pictures came from my pops office that said " justification for higher education" seeing those things at a young age really does have an affect.
This shit is propaganda. Just like all of the reporting of the excess wealth in the Middle East.Billionaires spend money excessively regardless of where they are. Instead of reporting the excesses of US Billionaires and European Billionaires, the media finds the most excessive spending billionaires in the Middle east and now Africa to increase sentiments against them. I couldn't care less about a Billionaire buying alot of shoes or a bag for a few thousand dollars.The onl;y thing in here that disappoints me is how influenced these dudes seem to be by European fashion. That shit looks gay and really doesn't suit the Black man's musculature.As a people, Black men ooze the most masculinity and the feminine Euro style realy doesn't suit us like it would waif built white and Asian men.
Yep, I thank him for it every time I speak to him.
This picture was taken at a small get together that we had and everybody there was a professsional. The only non regular guy was the Ferrari owner, the brother of Dangote, a billionaire in his own rights. The Lamborghini belongs to a Nigerian urologist in Atlanta. All hard workers.
Shout out to pops for being a mans man.
And raising his sons in his image. I'm trying to achieve the level of personal success to show my son.
Salute
whats so special about this brand of shoe? and what its called?
Christian Louboutin.
Who does? South Africa?
20 years....
Proud to be Nigerian
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