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Nigerian stock exchange

Dont Buy Stock before Reading

Dont Buy Stock before Reading

Stock simply means the share of ownership in a company’s assets, profits or earnings. Meaning when you buy and own a stock, then you own part of that company whose stock you bought. You now  have a share in her assets and profits relating to the amount of the stocks which you  have bought.

Be warned stock exchange can be risky. There is no guarantee on individual stocks in the stock market, when the stock goes bankrupt then your investment is worth zero.

Before buying Stock

A stock might look tempting at the moment but how will the stock look like in the next one or two years.

Will it keep  appreciating?  Your ability to predict the appreciation in the market performance of a stock is very important here.

Look out  for the stock that is trading heavily at the moment. The quantity traded and value of shares.

Understanding the financial market and  been able to interpret financial figures and tables/graphs.

Research, research and more research the market  Capitalization of a company – It is the current share price multiplied by all outstanding shares. This gives you a general idea of the size of a company. 

Price to Earnings Ratio :   It is the  price to earnings of a  company’s current share price divided by its EPS. This amount will show you about what investors are willing to pay per dollar of earnings. It can also be used as a metric to determine how much a company is over or undervalued.

Growth stock – The basic idea behind a growth stock is that you want to buy it when it’s not worth much and then sell it when it’s worth a lot. A growth stock investment strategy attempts to find companies that are already experiencing high growth and are expected to continue to do so into the foreseeable future. 

Only invest money you willing to lose, don’t invest your life saving.

Analyse  company financial statement. Check to see how well the company was doing in the recent past, this will give you an idea of how the future of a company will likely shape in few months.

 

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Posted by: | July 30, 2016

Posted on: 2016 July 30
nigeria money finance

Financial Market Jargon Buster

Financial  Market Jargon Buster

A financial market is a market that brings buyers and sellers together to trade in financial assets such as stocks, bonds, commodities, derivatives and currencies. The purpose of a financial market is to set prices for global trade, raise capital and transfer liquidity and risk. Although there are many components to a financial market, two of the most commonly used are money markets and capital markets.

Stock : A stock is a type of security that signifies ownership in a corporation and represents a claim on part of the corporation’s assets and earnings.

Derivatives :  A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between two or more parties based upon the asset or assets. Its value is determined by fluctuations in the underlying asset.

Comodities : It is any useful or valuable thing, especially something that is bought and sold. Grain, vegetables, and precious metals are commodities.

Venture capital : Venture capital is financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.

Domiciliary account : This is an account that allows you save in US Dollars, Pounds Sterling or Euro; with your money valued at the prevailing exchange rate.

Bond: A bond is a debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate. Bonds are used by companies, municipalities, states and sovereign governments to raise money and finance a variety of projects and activities.

Equity : Equity is the value of an asset less the value of all liabilities on that asset.

Bank Equity : The bank capital represents the value of a bank’s equity instruments that can absorb losses and have the lowest priority in payments, if the bank liquidates.

Stock Trading : A stock trader or equity trader or share trader is a person or company involved in trading equity securities. Stock traders may be an agent, hedger, arbitrageur, speculator, stockbroker or investor.

Libor :  Libor stands for London interbank offered rate. The interest rate at which banks offer to lend funds (wholesale money) to one another in the international interbank market. Libor is a key benchmark rate that reflects how much it costs banks to borrow from each other.

Money market : Money market is basically refers to a section of the financial market where financial instruments with high liquidity and short-term maturities are traded.

Capital market : Capital markets are markets for buying and selling equity and debt instruments.

Financial securities :A security, in a financial context, is a certificate or other financial instrument that has monetary value and can be traded.

Futures : Contracts for assets (especially commodities or shares) bought at agreed prices but delivered and paid for later. It is a tradeable financial contract.

Debt Instrument : A debt instrument is a paper or electronic obligation that enables the issuing party to raise funds by promising to repay a lender in accordance with terms of a contract.

Financial Instrument : Financial instruments are assets that can be traded.

Financial Cap : An upper limit (same as ceiling), or to set an upper limit. In finance, this is normally used with respect to interest rates

Growth stock – The basic idea behind a growth stock is that you want to buy it when it’s not worth much and then sell it when it’s worth a lot.

 

Mutual funds : A mutual fund is nothing more than a collection of stocks and/or bonds. You can think of a mutual fund as a company that brings together a group of people and invests their money in stocks, bonds, and other securities.

Treasury Instrument : Treasury bonds, bills and notes are also known as Treasury instruments. In finance, an instrument is a real or virtual document that represents a legal agreement having a monetary value, as all Treasury instruments do.

Economic Capital : Economic capital is the amount of capital that a firm, usually in financial services, needs to ensure that the company stays solvent. Economic capital is calculated internally and is the amount of capital the firm should have to support any risks it takes on

Growth stock  :  The basic idea behind a growth stock is that you want to buy it when it’s not worth much and then sell it when it’s worth a lot (“buy low, sell high”)

Equity Financing – Issuing of stocks to the general public, this is called equity financing.

Stock quote or stock table is  a table with columns and rows showing financial and performance record of stocks usually within a period of time.

Dividends : Sum of money paid regularly  by a company to its shareholders out of its profits decided by the board of directors, to a class of its shareholders. Dividends can be issued as cash payments, as shares of stock, or other property.

Market Capitalization :

It is the current share price multiplied by all outstanding shares. This gives you a general idea of the size of a company. 

Price to Earnings Ratio :  It is the  price to earnings of a  company’s current share price divided by its EPS. This amount will show you about what investors are willing to pay per dollar of earnings. It can also be used as a metric to determine how much a company is over or undervalued.

Exchange Traded Funds

: Are funds that track indexes like the NASDAQ-100 Index, S&P 500, Dow Jones, etc. When you buy shares of an ETF, you are buying shares of a portfolio that tracks the yield and return of its native index.

ETF

ETN

EFC

EBC

Investment Fund

: An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. It  is a supply of capital belonging to numerous investors used to collectively purchase securities while each investor retains ownership and control of his own shares. An investment fund provides a broader selection of investment opportunities, greater management expertise and lower investment fees than investors might be able to obtain on their own.

Hedge Fund :  In general, a hedge fund is a private partnership that operates with little to no regulation from the U.S. Securities and Exchange Commission (SEC). A hedge fund uses a range of investment techniques and invests in a wide array of assets to generate a higher return for a given level of risk than what’s expected of normal investments. In many cases, hedge funds are managed to generate a consistent level of return, regardless of what the market does.

This article will be continuously updated – Greenaira Team

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Posted by: | July 29, 2016

Posted on: 2016 July 29
nigeria foreign exchnage market lagos

Nigeria foreign exchange market

Nigeria needs significant resources in order to meet its ambitious sustainable goals. While domestic financing sources such as tax revenues might be increasing they are not sufficient to fill in financial shortfall as as a result of the fall in oil prices. Which is the main source of government revenue.

The Nigerian economy is heavily dependent on the oil sector, which, accounts for over 95 percent of export earnings and about 40 percent of government revenues, according to the International Monetary Fund. According to the International Energy Agency, Nigeria produced about 2.53 million barrels per day, well below its oil production capacity of over 3 million barrels per day, in 2011.

Due to the shortfall in revenue, the Buhari  governments is seeking funds from the  international markets to complement domestic financing. External financing comes with huge risks, especially due to depreciation of local currencies with respect to the U.S. dollar.

Nigeria is currently experiencing loss of value in naira, meaning the Buhari Regime needs to raise more local currencies to pay back the country sovereign U.S. dollar-denominated debt.

The cost of debt repayment  is stifling the growth of the Nigeria Economy. The  Niger delta crisis, calls for Biafra and the slow wheel of change is not the best climate to attract huge foreign or encourage domestic investors. But there is hope, Nigeria GDP reached an all time high of 568.51 USD Billion in 2014. Presently it’s  about 481 billion – source, worldbank.

How can Nigeria mitigate this foreign exchange risk?

DEVALUATION -There has been some talk of devaluating the Nigerian currency in order to restore equilibrium.

With Nigeria being a net importer, it is likely that this would simply make the situation worse and the exchange rate increase would cause imports to become more costly. It must be noted that a devaluation coupled with an increase in the quantity of exports to the point at which Nigeria became a net exporter would only have positive benefits for the economy. The price of Nigerian exports would fall; increasing competition and contributing positively to GDP.

REFINING CRUDE OIL – If Nigeria were to switch the focus to constructing enough oil refineries to produce a sufficient quantity of domestically produced petrol to make Nigeria petrol-self-sustainable, there would be no need for Nigeria to export crude oil, only to later re-import the refined form of the same product, as is currently the case.

INCREASE EXPORT – Diversify the country income stream, increase other export such as cocoa, oil seeds, wood, cooper, aluminium, etc

STABILITY – Political stability brings about economic growth. Investors feel confident to invest, the environment is conducive to business, reduces employment. Increase overall country GDP, meaning more revenue for the government.

As it stands, the solution that the Nigerian government have proposed to the FOREX issue is to adopt a ‘flexible FOREX policy’ whereby the government will undertake to officially institute, incorporate and recognise the black market, rather than allowing two parallel exchange markets to run. This would allow the government to better regulate the use of the limited foreign USD reserves, and undoubtedly provide a more suitable short-term solution.

The government must realise that resisting market forces is like trying to force a river to flow upwards. But others argue, devaluation is not the answer. Some form of currency control is required.

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Posted by: | July 14, 2016

Posted on: 2016 July 14
nigeria event organisers Lagos

EVENT ORGANISERS IN NIGERIA

 LIST OF EVENT ORGANISERS IN NIGERIA

READ – Greenaira have only  verified the phone numbers on the  list below, use the list at your own discretion.  If you do require a specific service,  do get in touch. We might be able to provide additional information. If you wish to add your business, do get in touch

 Example of a verified Business Listing  –   BUSINESS name,  Address  Location Phone number – VERIFIED

      1. DSV Event Managers, Blk A3 Flat 1 IRMS Quarters Ipaja Lagos. 08038235549
      2. SODIPU, 8 Dosu Ogundele Street, Akowonjo Egbeda Lagos. 08024464430, 08065908791
      3. Labana Events, www.facebook.com/labanaevents. 08089702143                                                                                                                                                                                                                                                

We building the directory, in a few weeks it will be filled up. Speak to  us if you want to add your Listing –  08160381540  or email.

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Posted by: | July 14, 2016

Posted on: 2016 July 14
nigeria electorate lagos politics

Are the electorate stupid

Are the electorate stupid?

This question is usuaully asked, mostly after an election with an unexpected outcome.

Most politicians tell the electorate what they (the politicians) think (the electorate) want to hear, in the hope that the message will resonate with majority of the electorate to vote the politician into office.
Even when it is obvious the politician is lying, promising what they cannot deliver, misrepresenting themselves, and deliberately misinforming the electorate. Focusing on sound bites, short, sharp and eye-catching messages. Including divisive party slogan, rhetoric or focusing  their entire campaign criticizing their opponent.

Providing little or no information of how  their win will better the life of their electorate or constituent.
Sometimes these politician still gets voted in.

The reason they get voted in becomes a big question? This is assuming it is not a rigged election.
They never provided any truthful information on how to better the life of their electorate
Their promises are not achievable

Why did the electorate voted for them?
What do the electorate based their vote on?

Tribalism/Ethnicity
Religion
Geographical location
Party loyalty
Bribery
Media Bias

Family background etc

Stupidity?

Lack of information?
In  America, there is a phrase “Low information voters”
Low information voters, also known as LIVs or misinformation voters, are people who may vote, but who are generally poorly informed about politics. If the percentage of LIV Electorate in any election are massive.

Most times the outcome of such an election is difficult to predict. You cant tell what information they will based their vote on.

If a politician throws out garbage information about tax improvement policy. An electorate with no knowledge of how tax system works, might believe the politician.
In many cases, electorates can verify some of the misinformation. But they usually choose not to or ignore the truth when it is pointed out to them due to laziness or have made up their mind due to ethnic or religious or other reasons.
Many Politicians are fully clued on how to manipulate the electorate to vote against their interest.

It seems most electorate suddenly become aware of the facts  after the election.
Suddenly, that is when the media starts debating the facts after election results are announced.
NIGERIA
Nigeria and Africa in general are hugely tribal/ethnic and fiercely loyal to a party.
The  APC and the PDP supporters daily slug it out  on facebook. Each defending their party fiercely even when it is obvious their party is wrong on an issue.
Both supporters result to lies, misinformation, disinformation, insults, deliberate and falsification of facts to support their party and paymaster.

Doing the nation and unborn generation a huge disservice. Not supporting or  voting based on the facts/ interest of the country but on party loyalty.
Niger delta supports Jonathan because he is from their region, in similar vein. Yoruba supports the western politician and Northerners supports Buhari.

Politicians  are aware of this  and always exploit this shortcoming in the voting public. Electorates voting against their interest.

KENYA
This is evident in Kenya, the massive ethnic violence in 2012-2013. Was reported to be engineered by politicians. At the end of the day, most politicians keep the richness of the govt to themselves, family and core circle. The electorate are left arguing and fighting themselves.

UK
Take the recent Brexit vote in UK, the leave politicians where not ask critical questions. The campaign were based on sound bites, slogans and half truth. Dodging the facts. Many leave voters voted based on emotion, not understanding the full facts and consequences.
As usual, after the election result was announce. The media starts discussing the hard facts, when it was too late.
USA
Donald Trump the presumptive nominee of the GOP –Republican party. In one sentence, says  lots of contradictory facts. But is supporters hear only what they wish to hear.

Are the electorate stupid or irrational?
When voters are happy to debate passionately the intricacies of the off-side rule in football or the plot of a movie or soaps, computer games, business, read book etc. But pay little attention to the core issue of politics.  Politicians will continue to  exploit this to craft  messages, slogan,  based on tribal/ethnic lines,  party rhetoric, divisive campaign, deliberately omitting the fact from their messages.

At the end of day, the main issues are sideline during campaign. Only after the winner is announced, the media and strangely enough many electorate starts discussing the key issue. By then it is too late.

 

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Posted by: | July 3, 2016

Posted on: 2016 July 3
nigeria furniture marketers

LIST OF FURNITURE MARKETERS IN NIGERIA

 LIST OF FURNITURE MARKETERS IN NIGERIA

READ – Greenaira have only  verified the phone numbers on the  list below, use the list at your own discretion.  If you do require a specific service,  do get in touch. We might be able to provide additional information. If you wish to add your business, do get in touch

 Example of a verified Business Listing  –   BUSINESS name,  Address  Location Phone number – VERIFIED

      1. Glemlivet Furniture 17a ,Omotayo Ojo Street, Allen Avenue, Ikeja, Lagos, Nigeria 08091755603 08023163728
      2. Wood-Et Al Limited • Plot 13, Phase 1 , New Nyanya , Nyanya, Abuja, Nigeria 07025319973
      3. Added Values Office Mart • Suite E392//392-356/357 ,Ikota Shopping Complex, Ajah, Eti Osa, Lagos, Nigeria 08026358433
      4. Marvyhand Company Nig 16 ,Eded Street, Ika-Annang, Akwa Ibom, Nigeria 08064364114
      5. Manara Spare Parts And Furnitures Limited • Moyijo Road, Sokoto Road, Sokoto North, Sokoto, Nigeria 08060367637
      6. Oluruwa Furnitures 5 ,Odejayi Street, Ibadan North, Oyo, Nigeria 08108075915 08072135252
      7. Itosman Furniture Company 21 ,Opposite Emble Hotel Rumounduru Road Eliowhani., Obio-Akpor, Rivers, Nigeria 08039386303
      8. Feel Comfortable furniture 10 ,Lawal Street, Ikeja, Lagos, Nigeria 08168225455
      9. Harmony Furniture Construction • E2 32 ,Imogun Street, Ilesa West, Osun, Nigeria 08138364849 08052466008
      10. Evans Furnitures 25 ,Power Line Trikanian, Trikania, Kaduna South, Kaduna, Nigeria 08027102050
      11. Wolac Furniture Nigeria Enterprise • Ooye’s Compound, Ejigbo, Osun, Nigeria 08108513327
      12. Nna-Best Furniture Enterprises 12 ,Nimo Street, New Haven, Enugu South, Enugu, Nigeria 08023927518 08135075245
      13. Olawoyin Furnitures • 1 ,Bisi Marafa Street, Ijokodo Ibadan, Ibadan North, Oyo, Nigeria 08056727053 08090964740
      14. Furniture Home • 598 ,Kashim Ibrahim Way, Wuse Ii, Abuja, Nigeria 080981144204
      15. Furniture Empire Road 3, E Block ,Shop E253 – E262, Ikota Shopping Complex, Vgc, Eti Osa, Lagos, Nigeria 08026600709 08092297331
      16. Davis Furniture Kastina Road, Kaduna North, Kaduna, Nigeria 08028333384
      17. Luxco Furniture • 20 ,Idi-Ape Road, Ibadan North-East, Oyo, Nigeria 08038090569
      18. Kingstar Outdoor Limited Km 15 ,Ikorodu Road, Ojota, Shomolu, Lagos, Nigeria 08168711365
      19. Harmony Furniture Construction E232 ,Imogun Street, Ilesa, Ilesa West, Osun, Nigeria 08034466579 08025072455
      20. Confidence Furniture Abakpa Nike Road, Abakpa Nike, Enugu East, Enugu, Nigeria 07031831147
      21. Promico Furniture Nigeria Beside Gold Rush Filling Station Ikot Ekpene Road, Obioma Ngwa, Abia, Nigeria 08055970790 07065213064
      22. Saolak Furniture • Old Ife Road, Jagun, Egbeda, Oyo, Nigeria  08059575630
      23. Rise Furniture 3 ,Former Utc Stores, Birnin Gwari, Kaduna, Nigeria 08023111375 08032989979
      24. Mega Lights And Furniture Nigeria Limited • G5 ,City Mall, Onikan, Lagos Island, Lagos, Nigeria 08098269264
      25. Nice-Up Furniture Km 2 ,Gbongan Ibandan Road, Osogbo, Osun, Nigeria 08038636733
      26. Apeh Furniture Moro Road, Kubwa, Abuja, Nigeria 08026518179
      27. Ericson Furniture 21 ,Bishop Anyogu Street, Uwani, Uzo Uwani, Enugu, Nigeria 08036766005
      28. Oc Furniture Company 32 ,Ikot Ekpene Road, Aba North, Abia, Nigeria 08030860454 07044871603
      29. Topview Promotions Limited • 9 ,Ademola Oki Street, Aguda, Surulere, Lagos, Nigeria 08023082459
      30. Adedeji Furniture 4 ,Akinlade Street, Alekuwodo, Osogbo, Osun, Nigeria 08062221348
      31. Oriko Furniture • Beside Gegu Filling Station Dutse Junction, Kubwa, Abuja, Nigeria 07037449668 08055439146
      32. Stammy Global Resources Ltd. 96 Awka Road Onitsha Anambra State 08035836661
      33. Tj Furniture & Company Ya 868 ,Ayetoro Quarters, Ilesa West, Osun, Nigeria 07034980730 08180421704
      34. Remts Limited • 5 ,Kastina Road, Palala Shopping Complex, Kaduna North, Kaduna, Nigeria 08032072696 07040033170
      35. Fekem Furnitures • 69 Road, Adikan Estate, Gwarimpa, Abuja, Nigeria 08186882577 08028842873
      36. Surry Furniture Agugu Oremeji Road, Ibadan North-East, Oyo, Nigeria 08055075795
      37. Edu Furniture • 1 ,Amaigbo Lane, Uwani, Enugu South, Enugu, Nigeria 08065368959
      38. Tade Furniture Works Ogoluwa Area Gbongan Road, Osogbo, Osun, Nigeria 08033720941
      39. C Ozor Furniture Construction 40 ,Courage Road, Abakpa Nike, Enugu East, Enugu, Nigeria 08032900288 07030927598
      40. Anik Furniture 194 ,Azikiwe Road, Aba North, Abia, Nigeria 08033418308 08089090201

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Posted by: | June 19, 2016

Posted on: 2016 June 19
nigeria courier companies

Courier Companies in Nigeria

 COURIER COMPANIES IN NIGERIA 

READ – Greenaira have only  verified the phone numbers on the  list below, use the list at your own discretion.  If you do require a specific service,  do get in touch. We might be able to provide additional information. If you wish to add your business, do get in touch

 Example of a verified Business Listing  –   BUSINESS name,  Address  Location Phone number – VERIFIED

    1. Abc Express Courier Limited 52, Ikorodu Road, Jibowu, Yaba, Lagos. 0806 326 1919.
    2. Eps Courier 76, Ndidem Usang Iso Road, Calabar, Cross River 07088684171, 08056940390
    3. Abex Express Parcel Service 1a Shiro Street, Fadeyi Ojuelegba Lagos 07029 120 979, 0806 630 6900
    4. Standard Delivery Service Limited 9, Ikorodu Road, Jibowu, Lagos. 0803 328 5541
    5. Fast Express Couriers Suite B48, Danziyal Plaza, Olusegun Obasanjo Way, Central Business District, Abuja Fct 08108828987, 08092262116, 08186199122
    6. Transroyal Courier Limited 2b Idowu Olaitan Street, Oworoshoki Expressway, Gbagada, Lagos 08087189027 08087189013
    7. Aero Contractors (Lagos Airport Office) Private Terminal, Domestic Wing, Murtala Mohammed Airport, Ikeja, Lagos. 0700 359 2376   08050501565
    8. Gal Express Nigeria Limited 2nd Floor, Magbaralewon House, 11a, Cowlane, Off Igbosere Road, Lagos. 08023061175
    9. Impex Worlwide Limited 4 Bashiru Oweh Street, Off Medical Road, Ikeja, Lagos. 08026164211, 08035596370, 07055774919
    10. City Errands International Services Limited 2nd Floor Uac Commercial Complex Plot 272/273 Central Business District, Garki, Abuja. 0803 596 9098
    11. Apk Express Services Limited Address 6, Ilojo Crescent, Off Ikorodu Road, Obanikoro, Lagos 0803 381 8873
    12. Chase Express 158, Ibrahim Taiwo Road, Ilorin, Kwara State Nigeria 08056667941
    13. Firstpost Express Delivery Services Limited 3rd Floor Banuso House, 88/92 Broad Street, Lagos 0806 605 7167, 0807 631 5729, 08080875545
    14. Ifex Express Limited 99, Ibb Way, Lokoja, Kogi State Nigeria 08077523433, 08070591800
    15. Swift Couriers Limited Suite 26, Wuse Shopping Complex, Wuse, Abuja Fct Nigeria 09-5236579
    16. Pea Transport Nigeria Limited 77, Agidi Road, Ketu, Kosofe Lagos 08026442599, 08098019847
    17. Tinex Courier Limited Royal Exchange Complex, Suite 251b, Apapa Oshodi Exp/Way, Opp. N.A.R.C Oshodi, Lagos. 080 2907 1161
    18. Swift Couriers Limited 7, Victoria Street, Off Osolo Way, Isolo, P.O.Box 3440 G.P.O. Marina, Lagos 08023013234
    19. DHL International Nigeria Ltd 47 Ring Road, Ibadan , Oyo State 08039077000
    20. Pab Royal Express Limited 5 Olaide Tomori Street, Off Medical Road, Ikeja, Lagos. 08038303511
    21. Suvex Delivery Service Limited 28 Market Road, Off Rumuola Junction, P. O. Box 8064 Port Harcourt, Rivers State. 0806 4132526, 0803 3170826, 0803 3170827.
    22. Theophilanzo Agencies Ltd. Consolidators, Shipping & Cargo Handling Services. 0802 319 6598, 0705 657 6864
    23. Ekesons Parcel Services Ltd 68, Mbaise Road, Owerri, Imo State Nigeria 07088685003
    24. Daudeen Courier Limited Suite 351 & 352b, 2nd Floor, Royal Shopping Plaza, Charity B/Stop, Oshodi Apapa Expressway, Lagos 08023958005, 07031866222
    25. Arrowhead Courier Limited Suit 70, Ogba Shopping Arcade, Caterpillar Bus Stop, Ogba-Ikeja, Lagos. 08068776088, 08035604196.
    26. First Tarmac Global Services Suite 1, Obason Green Plaza, Phase 2, Lokoja, Kogi 08073179010
    27. Ksp Shipping & Logistics Plot 13, Blk D,Fatai Atere Way, Matori Industrial Estate,Mushin, Lagos. 08022922624
    28. Prime Express Limited 3, Oduyemi Street, Opp Ikeja Council Hq, Anifowose, Ikeja, Lagos. 08057484455.
    29. Globalport Express Logistics Limited Suite T6 Ozde Plaza, Osolo Way, Ajao Estate, Isolo, Lagos. 08033066264, 07055800955
    30. United Parcel Service Inc 93 Moshood Abiola Way,Olusany Ring Road, Ibadan, Oyo State 08067760835
    31. Peace Mass Transit Limited 783, Okutuku – Mbiama Road, Mbiama Yenagoa, Bayelsa State 08055091855, 08055091820
    32. Zion-Gabson International Company Limited 27, M.M Int’l Airport Road, 7/8 Bus-Stop Ajao Estate Lagos 08042126726, 08023120810
    33. Red Star Express Fedex Plc Km 5, Mbiama-Yenogoa Road, Yenagoa, Bayelsa Nigeria 08088709631
    34. Datol Express Courier Services Limited 8 Adeyemo Street, (7&8 Bus Stop) Airport Road Ikeja, Lagos. 08023016540
    35. Zenith Carex Express International Express Limited Fototek House Area 3 Garki Abuja 07032114180

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Posted by: | June 19, 2016

Posted on: 2016 June 19

Nigeria Political News

Blackmail, witch hunt or  a thin investigation?

 

nigeria fayose ekit state

nigeria fayose ekit state

 

The drama is unfolding . We are  seeing power play, party  rivalry,  blackmail, witch-hunt?

The EFFC investigation is rather thin at the moment. Why is everyone rumoured to have been involve not been investigated?

What is going between Zenith bank and Fayose? It seems bank officials were begging or pleading with him.

The Arms Fund  were shared mainly by the PDP’s  members because they taught they were going to rule for the next 60 years. They are being investigated for the missing  Billion dollar Arms fund. Money  earmarked for Arm’s purchase, rumored to have been  used to sponsor themselves for political positions and elections which some never spent for that purpose. Now tell me  how could any APC member be charged for the offense they knew nothing about?  If any APC member is involved, EFCC will find out and bring that individual to justice. Fayose role seems questionable. At the beginning of the investigation,  it was reported the EFCC traced a N500 million to his personal account,  aware of   that.  He went back to the bank to withdraw that money then he realized that EFCC has frozen the account. If it a legal money or state money EFCC will never freeze the money.

Fayose have claimed the funds belong to  Agbele. Any money found in his account is not his but  Agbele plus he stated that Zenith bank financed his campaign which EFCC has since denied. Although that is not what is in question, because no bank will risk its business if there was no collaterals to cover the loss. Let EFCC continue with their investigations.  The evidence is now mounting  and connected him with others.

But is this an investigation or just a witch hunt to punish  Fayose for his loud mouth. They are many tops names implicated in the Arms Deal fund.

Time will tell.

**************************************

 List of states not able to pay workers Salary

 

nigeria states salary

nigeria states salary

The list of some  states that are owing their worker

1. Abia 
2. Bayelsa 
3. Benue 
4. Delta 
5. Ekiti 
6. Imo 
7. Kogi 
8. Kwara 
9. Nassarawa 
10. Niger 
11. Ogun 
12. Ondo 
13. Osun 
14. Oyo 
15. Jos

 

 Edo, Lagos, Delta, Ebonyi, Anambra, Cross River, Akwa Ibom, Kano and Enugu states have paid their workers’ salaries and allowances up to April.

 

Rivers State has paid March salary and pension up to February

 

Borno State has paid up to March with the exception of its Hosing Corporation workers

Ogun State, though paid salary, has neither remitted pension deductions from workers’ salaries for months, and has not paid gratuities since 2012.

 

Indebted stae  Ekiti, Kwara, Kaduna, Osun, Plateau, Ondo, Abia, Bayelsa, Oyo, Imo, Kogi and Benue.

 

 Ekiti State is owing not less two months salaries, the number of months owed pensioners have racked up.

 Kwara, local government workers and the State Universal Basic Education Board, SUBEB, have not been paid between four and five months salaries, staff of the state Water Corporation have not been paid for the past six months, while other paratatals have not been paid in the last two months.

 Kaduna State have not been paid about seven months arrears

Osun has unpaid outstanding salaries from July 2015 to January 2016.

Plateau State, pensioners are owed eight months, council workers, four months while other workers are owed three months.

 

In Ondo State, while pensioners are owed four months, civil servants are owed five.

 In the same vein, while civil servants in Imo State were last paid 70 percent of their salaries in January, pensioners cannot even remember when they were last paid.

Workers in Oyo State are owed between two and five months

Kogi  owed  workers five months

 Benue State owed three months.

According to Sunday Vanguard investigation, Edo State has been up to date in the payment of salaries and pension to its civil servants and pensioners.While the workers receive salaries before the 25th of every month, pensioners sometimes receive their pensions before workers.

LAGOS state govt are paying salaries plus different  benefits

RIVERS:  Rivers State have been paid up to March 2016 though there have been hitches in remitting some components of the salaries, i.e. contributory pension, union dues, federal mortgage housing etc.

 Bayelsa, owed four months’ salaries while retirees are owed seven months arrears. The situation is worse in the local governments where workers in some of the councils have lost count of the arrears owed them.

 

ONDO:  the state government is owing pensioners in the state four months pension while civil servants are owed five months salaries.

OSUN:  some workers and pensioners are claiming they are owed outstanding balance of July 2015 to January 2016.

 

 EBONYI: Peter Okutu reports, from ABAKALIKI, that Governor David Umahi, since assumption of office on May 29, 2015 has not owed workers a dime as he has made it a duty to pay salaries from the 15th of every month. Also, the administration has on a regular basis ensured that pension is paid.

 

Kaduna State are lamenting non-payment of emolu

ments, some stretching to seven months. The workers and pensioners claimed they had been verified and gotten their Biometric Verification Number ,BVN, from their various banks, but were yet to get paid. But the state government said that it had paid up to date all workers and pensioners in the state who had been fully verified and have their BVN.

 

BORNO:  MAIDUGURI, that Since Governor Kashim Shettima assumed the mantle of leadership in 2011 to date, his administration has been paying workers salaries on or before the 25th of every month. According to him, civil servants in the state receive their salaries without hitches, only that of April 2016 that civil servants are yet to receive due to the ongoing verification of staff by a committee set up by the governor. From investigation, only workers who have not been paid their salaries are those working in the state Housing Corporation where they are paid from the revenue they generate. But as a result of insecurity, they found it very difficult to generate enough to sustain their salaries. Sources said they have not received salaries for three months.

 

KWARA: According to him, SUBEB and council workers “are being owed between four and five months, while workers in the state Water Corporation are owed six months, even as other parastatals are owed two months salaries.”

 

EKITI: the state government clears two out of the four month arrears it owed workers, today’s May Day celebrations will be devoid of the usual fanfare. Workers in the state are being owed four months salaries, while that of pensioners stand at five months..

DELTA: Festus Ahon reports, from Asaba, that, despite the economic crunch, Delta State government is not owing workers salaries. Governor Ifeanyi Okowa, as part of his commitment to the welfare of civil servants, ensures regular monthly payment of salaries. Okowa, in line with his prosperity agenda, is also up and doing in ensuring that the state government meets its commitment to pensioners with a view to clearing their pension arrears and entitlements.

ENUGU: Francis Igata reports, from Enugu, that public servants are paid on the 25th of every month. This practice has been in place since the immediate past administration of former Governor Sullivan Chime and sustained by his successor, Governor Ifeanyi Ugwuanyi. The present government inherited about seven month’s pension arrears. Payment of arrears of pension is ongoing following the receipt N4.207 billion bail-out to the state from the Federal Government. . The governor had, on receipt of the money, set up tripartite committee, comprising of labour leaders, government representatives, and pensioners union to oversee the disbursement of the fund.

 

KANO: Abdulsalam Muhammad reports, from Kano, that workers and pensioners have been enjoying steady and regular pay as and when due since the inception of the current administration in the state. The development followed increased Internally Generated Revenue ( IGR).

 

AKWA IBOM:  Uyo,  the State Universal Basic Basic Education Board was allegedly hoarding N395, 308,077.83, meant for that payment.

 

It seems many states officials are  hoarding payments meant for workers hoping after sometime. They can help themselves to the cash if they are able to withstand the pressure from Trade union,  media or the FG.

It seems some state govt are out-rightly diverting money meant for workers into their account or  for different projects

Many state govt are no longer innovative. They sit on their hands waiting for allocation from FG, ignoring the natural resources they have.

The Buhari Govt prides itself on anti-corruption, what are they doing about on unpaid salaries?

 

******************************

Witch Hunt or Anti-Corruption? Fayose Account Freeze

 

nigeria politics Ayodele fayose account

nigeria politics Ayodele fayose account

Nigeria Constitution as amended in 1999, states every new administration must probe the previous one , that is not negotiable. Unfortunately PDP and their padi padi government failed to do that.

Why Fayose Account ? Why not Ameachi, Fashola, Oshiomhole or even Tinubu.

EXTRACTS from EFCC

He added, “Abbey directed the bank to pay N137m into the account of Ayodele Fayose with number 1003126654 and Bank Verification Number 22338867502. The bank teller dated June 26, 2014, was filled by Abbey with teller number 0556814.

“Abbey directed the bank to transfer N118,760,000 to the same account and paid in N50m cash into Fayose’s account.

“On April 7, 2015, several months later, Fayose personally moved N300m to his fixed deposit account at Zenith Bank with number 9013074033 with the same BVN. The account is domiciled at 15 Olusola Abiona Street, Estate, Alapere, Ketu, Lagos.”

The source added that on the instructions of Fayose, Abbey deposited N100m in the account of Spotless Investment Limited, a hotel, which is owned by Fayose and his wife, Olayemi.

Abbey, who was identified as the owner of a firm, De Privateer Limited, paid N100m into the Zenith Bank account of Spotless Investment Limited with number 1010170969 on June 17, 2014.

He also paid N219,490,000 and N300m on June 18, 2014 and June 19, 2014 respectively into his own company account with Zenith Bank marked 1013835889 while he kept a cash of N260m from the original FUNDS

In total, 1,225,250,000 went to Fayose’s PERSONAL ACCOUNT from the =N= 4,700,000,00.00 from NSA.

If i were him i will attack Buhari more cos he needs plenty Sympathy from gullible Nigeria than he is getting right now.

137,000,000.00
118,760,000.00
50,000,000.00
300,000,000.00
100,000,000.00
219,490,000.00
300,000,000.00
260,000,000.00
=============
1,225,250,000.00

We  waiting for the truth

**************************************

Constitution Amendment Or Legislative Coup? 

Nigeria Constitution Amendment Or Legislative Coup

Nigeria Constitution Amendment Or Legislative Coup

 

In April 2015, former President Goodluck Jonathan declined assenting his signature on the 2015 proposed amended 1999 Constitution citing irregularities in its passage, whittling down the powers of the President by the legislators, and transferring some of these powers to themselves (and to the judiciary).

Three items featured in the 2015 Constitution amendment. 

1. LIFE PENSION for the Senate President, Speaker of Representative, Deputy Senate President, and Deputy Speaker of the House.

2. Immunity for the aforementioned office holders from arrest and criminal prosecution

3. Stripping of the President the power to assent or veto any constitution amendment. Meaning, they (legislators) should be the only players in the process.

Nigerians were lucky that the former President not only refused assent his signature but also approached the Supreme Court through the Attorney General of The Federation to halt the proposed bill, which the court did in May 2015.
http://m.guardian.ng/lead-story/supreme-court-stops-n-assembly-over-constitutions-amendments/
Now it appears that the legislators have ‘gone mad’ again by reviving such items in the ongoing constitution review.

THEIR IMMORAL DEMAND FOR LIFE PENSION
As at today, many states are having difficulty to meet financial obligations to state workers and execute projects, yet they are still mandated by their states law to pay huge money to former Governors and their Deputies in the name of pension irrespective of the offices these former state executives occupy after leaving office.

It is even funny that some of these Senators like Senate President Bukola Saraki, Sani Yerima, Muhammed Goje, Godswill Akpabio, George Akume etc were not only exGovernors but are heavy beneficiaries of the pension largesse at their respective state level chiefly due to the immoral pension that they proposed and signed into law when they were in office. Yet, they still want more money in the name of life pension to add to their already bloated financial war chest at the masses expense.

The non former Governors among them like Sen Ike Ekweremadu, who is the Chief leader of the proposal seem to want to join the train of those that are feeding fact (for life) on government resources.

Is it not immoral and wicked that after enjoying fat salaries and allowances while in office, the legislative leaders want to keep feeding fat outside office just like the former governors?

THE IMPLICATION IF PASSED
Should the legislators have their way, it means that SP Saraki will be entitled to DOUBLE life pension from Kwara state and federal government.

It also means that people like Governors Aminu Mansari and Saminu Tambawal of Katsina and Sokoto states respectively will be entitled to fat salaries/allowances as Governors, Life pension as Former Speakers, and life pension as former governors when they leave office.

This will also attract more outgoing governors to seek solace in the Senate and fight for SP or DSP offices to ‘enlarge their coast’. This will also attract more former speakers and Deputies to seek election to be Governor or Deputy in order to legally enlarge their financial powerhouse. How sustainable is this?

Let us imagine that a former Speaker/deputy is elected to serve his state as Governor. After serving the state, he was further elected to go to the Senate and eventually made Senate President or Deputy Senate President. Then he moved up to emerge Presidential candidate or running mate to a candidate, and emerge victorious. What is the implication with respect to the controversial proposal?

It simply means the man will be entitled to life pension as former President/Vice, Governor/Deputy, Speaker/Deputy, and Senate President/Deputy. Who says politicians are not smart?

I’m sure that if this is allowed, it won’t take long for Speakers and Deputies at state level to ‘help themselves’ out.

ON ISSUE OF IMMUNITY FOR NASS LEADERS:
In the first instance, the concept of immunity for governors and their deputies is irresponsible and absurd. Even the United States whose democracy we look up to don’t have such arrangement. While we are calling for the stripping of Governors and Deputies of immunity, the legislators are coming with their own immunity demand.

Already, these legislators enjoy immunity from prosecution on anything they say or do on the floor of their respective chambers, why are they seeking for more if not that they have to protect their skeletons?

ON STRIPPING THE PRESIDENT OF ASSENT POWERS:
I think the legislators need to be reminded that the concept of democracy demands checks and balance. Stripping the President the power of Assent simply means introduction and promotion of legislative coup. They want to be the people to make laws and shove same laws down the throat of Nigerians via the instrument of the law. This is highly irresponsible of them, and won’t be allowed to stay.

This is tantamount to legislative coup.

SECTION 9 OF THE CONSTITUTION SHOULD BE AMENDED:
Section 9 of the Constitution that deals with process of amendment of the 1999CFRN need to be amended to give the masses role to play in the amendment process.

Specifically, sub sections (2)and (3) that vest power to amend constitution on at least 2/3 members of both Chambers of the National Assembly, and resolution of at least 2/3 States Houses of Assembly should be amended by stripping the states legislators of such of power, and vesting same on the people through INEC organised and well monitored referendum.

This is the only true way Nigerians can be said to be part of the process.

HYPOCRISY OF SOUTHERN LEGISLATORS:
I shall end this piece by expressing disappointment in legislators from the southern region, specifically the south south and southeast.

Before the amendment kicked off, majority of these legislators including DSP Ike Ekweremadu, Senator Ben Murray Bruce of twitter fame, and several others were always quick to shout how restructuring and true federalism is best for the country. Instead of these people to be the chief promoters of restructuring and true federalism in this ongoing amendment, they preoccupy themselves with only amendments that would favor them. Very unfortunate…

  • @Tonyebarcanista

****************

All you need to know about the $26m Halliburton scam

 

nigeria haliburton scandal

nigeria haliburton scandal

The Halliburton case relates to an alleged $182m contract involving a four-company joint venture to build a liquefied natural gas plant on Bonny Island. Earlier in 2009, KBR, a former subsidiary of Halliburton, agreed to pay $402m after admitting that it bribed Nigerian officials, and Halliburton paid $177m to settle allegations by the US Securities and Exchange Commission without admitting any wrongdoing.

In mid-December 2010, the case was settled when Nigeria agreed to drop the corruption charges against the company’s former boss, Dick Cheney (and former US Vice-President); and Halliburton in exchange for a $250m settlement.

However, no Nigerian official involved in the scandal has been jailed. Although some people says it dates back to  back to 1994 when the Nigerian government launched ambitious plans to build the Bonny Island Natural Liquefied Gas Project (BINLGP), had revealed a network of secretive banks and offshore tax havens, used to funnel $182 million in bribes to Nigerian officials in exchange for $6 billion in engineering and construction work for an international consortium of companies that included a then Halliburton subsidiary.
Although, never publicly released, a 2010 Nigerian government document reportedly included three former Nigerian presidents, a vice-president, a minister, intelligence chiefs and corporate heavyweights in a list of bribery beneficiaries that was allegedly given to the officials by Jeffrey Tesler, a British lawyer who had since pleaded guilty in a London court for serving as the middle man between Halliburton and Nigerian officials.

 

The International Consortium of Investigative Journalists (ICIJ) had reported severally that the $182 million bribery scandal had three Nigerian presidents, a vice-president, a minister, intelligence chiefs and corporate titans as beneficiaries. Alas, the past public office holders who were indicted in this scam are now friends and political allies of the new president Buhari.

 

There are many top Nigeria involved in the case. But their names have been withheld. The case were never investigated in Nigeria. As stated above, no Nigerian was tried.

Therefore, the true test of the president’s anti-corruption war lies on how rigorous he handles the Halliburton case. Not because others are not equally important but as a strong signal to all Nigerians that if these assumed ‘powerful’ individuals can answer for their crimes then truly, nobody is above legal prosecution.

France and United States have completed the investigation and the bribe givers Jack Stanley and Jeffery were given a reduced jail sentence after co-operating with the authorities. Lot of money have exchanged hands.

 

 

****************************

Nigeria Power supply drops  due to Vandalism

nigeria power supply

nigeria power supply

 

The Nigerian  national electricity grid has continued its drop to 1,600 megawatts (mw) since Saturday with many
electricity consumers decrying the situation reported by Daily Trust.

The critical drop has caused prolonged power outages across major cities of the country including the federal capital, Abuja and Nasarawa State since Thursday, some residents said.

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, had said on Thursday that repair works on a vandalised transmission tower since that day would cause a loss of 300mw from the Okpai power station in Delta State. Fashola said the Kainji/Jebba and Shiroro hydro plants would, however, cushion the affect by maximising output during the two weeks repair period.

However, reporter daily Trust  have information  that the plants may not have the capacity  to cushion the free fall as the grid plunged below 2,000mw after many gas infrastructure were vandalised since last month. Updated daily power generation reports from the Nigeria Electricity System Operator (NSO) on Sunday puts the peak generation at
1,668mw.  Many of the affected  resident are decrying the situation as appalling.

 

But some believe the basic problem with the power sector is the high rate of vandalisim. That is what frustrated GEJ’s efforts….and that is what is  frustrating this government too.

Also many  Nigerians do not want to pay for improved power supply….they pay for improved telephony aka GSM.

We need power at 20000MW at least to get power 24/7. We also need to improve our transmission system. And that costs money. If we want it…we will have to  pay for it. Under the old NEPA system….many Nigerians did not pay their bills. same thing is happening again.

If we want 24/7 power….we have to do our bit…just as the power companies too (DISCOS and GENCOS) have to do   their bit by supplying us with prepaid meters….and the govt does its bit by repairing the transmission system (which is the only thing it controls now)

We cannot demand for good power without paying for it.

SIMPLE HOW TO CONVERT YOUR COMPUTER UPS TO INVERTER

This simple ‘How To do it yourself article’ explains an interesting topic, how to convert your computer UPS into home Inverter.

If you own a desktop computer, you may have a UPS that can power your computer for 10-15 minutes after power failure.

The purpose of the UPS is to save your work and shutdown your computer properly to avoid potential data loss and hardware loss such as Hard disk of your computer.

Most of us always underestimate the potential of the computer UPS that sits beside your computer. The average computer UPS can deliver around 600VA, which is enough to power your low power appliances such as fan, tube light, computer, television, etc.

If you own more powerful UPS such as 1KVA you can power your home appliances more.

So how much can my computer UPS provide? 600VA means the apparent power, but the real power is 60% of specified value. In other words it provides 60% of the VA rating.

For example:

If you have 600VA UPS then 600VA x 0.6 = 360W maximum output.

If you have a 1KVA UPS then 1000VA x 0.6 = 600W maximum output.

If my computer UPS can provide this much power, then why does computer UPS only power 10-15 min?

This is because most of the computer UPS is only powered by 12V 7AH battery which is sitting inside the UPS.

To increase its backup time we need to connect a higher AH battery. The purpose of this article is to make a cost effective home Inverter from a computer UPS.
It works perfectly and I and a few friends have been using this for the past three years and still running…!!!

You can  view list of our available inverters for sale in Lagos

 

*******************************

Plans to make Nigeria Islamic state will fail –Okogie

 

nigeria politics

nigeria politics

 

THE Catholic Archbishop Emeritus of Lagos, Anthony Cardinal Okogie, has con­demned the recent curriculum crisis in some schools in South West, describing it as a plot to make a particular religious group more prominent than an­other.

He stated this on Thursday during the celebration of 80th birthday and 50th anniversary of his priesthood ordination at the Holy Cross Cathedral, Lagos.

According to him, “I am see­ing something that has not yet manifested. They are secretly trying to make Nigeria an Islam­ic State. But that cannot happen. During my tenure as the Presi­dent of Christian Association of Nigeria (CAN), then Head of State, General Ibrahim Babangi­da tried it by going to Organisa­tion of Islamic Countries (OIC), meeting secretly and claimed to be an observer. As a Head of state of a country, how could he have gone to such meeting with­out anyone following him? Who sent him there? And the people he went to meet did not ask him who sent him. But at the end, his plans failed.”

Okogie also cited the activities of Governor El- Rufai of Kadu­na State against Christian reli­gious groups, stating that all are centred on religious intolerance and oppression. “What El-Refai is doing in Kaduna is another way they are moving. They move from one place to another. And after sometime, they hid and reappear again, thinking that no one is seeing them.

“In fact, Nigerians are watch­ing their footsteps. And, if they think they will succeed in mak­ing Nigeria an Islamic country through all these activities, they are joking, because Christians will not allow that to happen. So, those trying to play such prac­tices should be mindful of the re­percussions and have a rethink.”

The Archbishop emeritus, who described the ceremony as extraordinary and one of the best, also called on President Muhammad Buhari to make a quick turn-around on the econ­omy of Nigeria by going back to study his inaugural speech and APC manifesto, then start afresh.

 

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Petrol Station Selling Petrol below N145 per Litre

nigeria fuel prices reduce

nigeria fuel prices reduce

Below are list of petrol stations – Lagos and Calabar

Almoruff filling stations : N142 naira

Petrocham : N142 naira

NNPC LASU Igando road opposite diamond estate N140 naira

  • Mostly NNPC branch standard price)

NNPC Abule Egba : N135 naira
NNPC  Alakuko : N135 naira

Mudiaga Affe, Calabar

  •  Calabar South axis of the Cross River State  Mayne Avenue –  N139 per litre.

 

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Pictures of flooding in Nigeria Lekki Lagos

nigeria flooding lekki

nigeria flooding lekki

nigeria lagos flooding

nigeria lagos flooding

nigeria flooding lagos

nigeria flooding lagos

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Posted by: | June 18, 2016

Posted on: 2016 June 18
prevent violence sacking employee

Prevent Workplace Violence During Job Termination

For many people, work is life. Losing their job can be traumatic, even if they can see it coming. As an employer treat each termination with extreme caution.
The key to an uneventful termination is planning. Whether laying off one person or a hundred, don’t leave anything to chance. Large layoffs tend to be more unwieldy, therefore more dangerous. They require extra planning.
Most managers deal with the unpleasant task of terminating an employee at some point. Whether or not the employee expects the termination, a small chance of violence or retaliation from the terminated employee exists.
Even employees who take in the news and accept it. May still try to sabotage the company or individual staff members. Take the same precautions with every terminated employee to avoid the unexpected.
Ensure to have all measures taken ahead before the terminations.
Protect the building, staff, yourself and intellectual property of the company etc
Below are steps you can take to mitigate violence or the unexpected.

i. The worst termination mistake is surprise. If someone is failing, confront them. If their job is on the line, tell them so. Don’t allow managers to give good ratings to poor performers. Discuss poor performance as it arises don’t wait for annual reviews. Warn problem employees that their work is unsatisfactory, and tell them what needs to be done and by when. If someone’s job is in jeopardy, tell them they could be terminated.
Don’t lay people off unexpectedly when they’ve had good performance appraisals, or when they haven’t had any warning. Doing so hits hard and creates anger.
ii. Ensure at least another person is present in the room during termination. This ensure security and someone to help diffuse any potential anger.
iii. Alert building security if there is one before hand
iv. Provide some kind of assistance to terminated employee, severance pay. You can be generous with the severance payment, training etc
v. Collect all company valuables from employee before termination
vi. Ensure employee logins and access to secure areas are all changed
vii. Announce the termination to other employees so they can be on alert if the terminated employee comes back to the building. Remind them not to share any company information with the terminated employee.
viii. Treating the person with as much kindness and dignity as possible throughout the process. That’s always important, but it’s especially key in situations where you fear violence.
ix. Ensure the staff have gone through a process of progressive discipline, where you provide clear feedback about your concerns with their performance and what you need to see change etc. This provides forewarning.Firings at high levels tend to be especially brutal, so make sure even high-level managers are measured.
So you don’t just jump into a “you’re fired”
x. Allow departing employees to save face and maintain self esteem. Don’t attack them or put them down. Explain the decision, but acknowledge their strengths and contributions.

xi. Continue medical benefits or other perks company can afford can easy off any potential anager.
xii. Listen for fallout. If you hear, “I’m going to get even,” “You’ll be sorry for this,” or similar comments, take them seriously.
xiii. Explain the severance package in writing. Nothing makes a departing employee more angry than guessing about money and benefits.
xiv. Resist the urge to return threats with threats. Instead, offer support: “That sounded like a threat Ben, you must be really angry. I’d like to hear more about it.” Disarm anger by listening and showing empathy.
xv. Do not take a break. There are numerous instances of an employee asking for a bathroom break or time to compose him or herself, and using the break to retrieve weapons.
xvi. Wait until the end of the workday to terminate, if possible. This protects the dignity of the person being fired and minimizes the number of employees on hand should a situation escalate
xvii. Minimize any reasons why the employee would have to revisit the workplace. Mail a check; have uncollected belongings sent to the person’s home via a delivery service
xviii. Allow the person as much dignity as possible, but be brief and to the point. Do not get into a back and forth
Conclusion – Employees who are fired in this manner are far less likely to feel they were treated unfairly. They’re far less likely to leave angry or bitter, and you’re far less likely to be a target of any hostility.
These basic humanistic steps can greatly reduce the risk of termination violence. Take the threat of violence seriously, even if you’re an experienced pro. Plan carefully so nothing is left to chance. Treat people fairly, and most of the time they’ll react accordingly. If and when they do get angry or upset, you’ll be well prepared.

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Posted by: | June 11, 2016

Posted on: 2016 June 11
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