Oluwaseun A
954 posts


@instablog9ja Be not deceived: evil communications corrupt good manners — 1 Cor. 15:33
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I am moving with politicians with corruption allegations so that I can change them positively if they are guilty — Peter Obi
Peter Obi, 2023 presidential candidate of the Labour Party (LP), said he is willing to work with members of the African Democratic Congress (ADC) despite corruption allegations against some of them. He explained that close engagement gives him a chance to change them positively if guilty.
Speaking on Saturday on Magic FM in Aba, Abia State, Obi cited Jesus Christ, who associated with tax collectors and pr+stitutes, as a model for influencing change. He said, “When Jesus came here, his friends were tax collectors and pr+stitutes because it’s all part of what he was trying to change. It was all part of what he was trying to build as a person.”
Obi further argued that many accused politicians are facing selective persecution. He cited Malami and El-Rufai, saying, “Everybody knows the contributions of Malami and El-Rufai to the present government. So why are they being persecuted? The law is very selectively applied because we know we could see people who have done worse. We know people who actually should not be part of us all moving around like stars, while this government is busy targeting those whom they think are political opponents.”
He highlighted that El-Rufai was arraigned by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on charges of alleged fr@ud and money laundering on March 24, while Malami, his wife Bashir Asabe, and son Abdulaziz face a 16-count charge of alleged money laundering by the EFCC.

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@Cityscape01 @MudiTheInvestor Mine took 38 days to open! By then, I had already switched to CardinalStone.
Can you imagine waiting for Dangote Refinery to announce IPO and then moving to open brokerage account with Stanbic IBTC afterwards?
Wos, they'll mess you up BIG TIME and you will surely miss the IPO
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@MudiTheInvestor StanbicIBTC made me see stock investing as not possible. Almost a year now and my registration has not been completed till date
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@CardinalStoneNG Can you confirm if redemption of the CS Dollar Fund is in USD or NGN?
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@azureben Google your state's IRS website and register to file.
You will need access to all your bank statements as well as investment reports (if any) for the year 2025 , so you accurately report your total earnings from salary, interests, commissions, dividends, side hustle, trade etc
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🇳🇬 JUST IN: ₦100,000 Fine Awaits Nigerians Who Miss March 31 Tax Deadline as Government Expands Tax Net Nationwide
Nigerians across the country are racing to meet the March 31, 2026 deadline for filing their 2025 Personal Income Tax (PIT) returns, as enforcement intensifies nationwide.
The filing requirement applies to all taxable individuals, including employees under the Pay-As-You-Earn (PAYE) system, self-employed persons, freelancers, business owners, and those in the informal sector.
Even individuals whose taxes have already been deducted at source are still required to file annual returns declaring all sources of income.
Under the law, failure to meet the deadline attracts an automatic penalty of ₦100,000 for the first month, with an additional ₦50,000 for each subsequent month of default. Additional consequences may include interest on outstanding liabilities and best-of-judgment assessments by tax authorities.
The enforcement is part of Nigeria’s ongoing tax administration measures aimed at expanding the tax base and strengthening compliance.
Tax authorities have also warned that submitting false information or forged documents during filing may attract further penalties under applicable laws.
The March 31 deadline remains in force.

BSN@Barristerstreet
🇳🇬 TAX REFORM I’m getting growing feedback that a protest is already being planned over the new tax law. Many Nigerian workers say whatever relief they expected is being swallowed by today’s market prices, with inflation still biting hard. The voices are getting louder. Nigerians are watching closely. @taiwoyedele
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@BigEmmy29 @Nickyballer02 @Erotic_shoppe Yes.
For non-Lagos residents, check your state IRS website for more details and filing procedures
Don't file your taxes on LIRS portal if you don't reside in Lagos o
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@BigEmmy29 @Nickyballer02 @Erotic_shoppe Nah, those do not count as income
This is what the tax man is looking for:
From Employment: Salaries, wages, bonuses, allowances and benefits-in-kind
From Business: side hustle, trade, consultancy
Passive income: investments, rental income
Check LIRS website
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@sadedot @Nickyballer02 @Erotic_shoppe Do money I receive from parents and friends count as income? And do I need to file?
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@sadedot @Erotic_shoppe So how do we file for some of us living in Imo state?
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@Nickyballer02 @Erotic_shoppe Still file o especially if you're 18 years and above and if you engaged in any side hustle or investments in 2025 that paid you, you must declare that as well, student or not.
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@MayorrNla @Erotic_shoppe Even at that, you must still declare say you no get work make e dey on record say in 2025, MayorrUtd dey Jahbless
However, if you get any side hustle wey you do wey pay you at anytime in 2025, you must declare that as Income (not Salary)
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@westtyy_ @Erotic_shoppe LIRS only handles Lagos residents.
You’ll need to look up the IRS for your specific state of residence and handle your tax filings through them instead
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@SunkyBlues @Erotic_shoppe Don't bother with the chatbot agents; they can be quite unreliable. It's better to go straight to Lagos Revenue House in Alausa.
You’ll find professional staff there who are actually ready to help and can get you sorted quickly
Hurry! Tuesday (deadline) is coming up fast!
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@Erotic_shoppe I am unable to Sign-In and the OTP to reset the password is dropping. No agent is responding to the chatbot on the LIRS portal
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Just a quick reminder for all MTN investors. The qualification date is 8 April 2026 and the register closes on 9 April 2026. If you have not completed your e dividend registration, this is the time to act. Nigerian registrars can be slow and frustrating, so do not wait until the last minute. Start your process now so you can receive your dividend smoothly and without stress.

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@MudiTheInvestor I can tell you weren't thrilled about having to explain this on camera like some had requested, but you nailed it. That comparison between the vault and the app? Absolute killer analogy; olodos got merked by that!
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🧵 CSCS vs STOCKBROKER (WITH REAL STORIES)
A lot of people on this timeline are confusing their CSCS account with their stockbroker account.
They are NOT the same.
And this misunderstanding can cost you money.
Let me break it down simply 👇
First, understand this:
Your CSCS account is where your shares are actually stored.
Not your broker.
Think of CSCS as the central vault of the Nigerian stock market.
Before CSCS, investors used to receive physical share certificates 📄
Today, everything is stored electronically in your CSCS account.
That’s your proof of ownership.
Now, your stockbroker account is just a platform.
It allows you to:
• Buy shares
• Sell shares
• View your portfolio
But it does NOT store your shares.
Think of it like this:
CSCS = Bank vault 🏦
Broker = Banking app 📱
You can change apps…
But your money stays in the bank.
Every investor is given a CHN (Clearing House Number).
This is like your BVN in the stock market.
👉 You are supposed to have ONLY ONE CHN.
But here’s where people get confused…
You can have multiple CSCS account numbers.
Why?
Because each stockbroker creates one for you. Just like you have multiple bank account numbers with different banks.
For example:
I have accounts with:
• Cardnalstone Securities
• Meristem Securities
• Greenwich Securities
Each one created a different CSCS account number for me.
But guess what?
All of them are tied to the same CHN.
👉 One investor = One CHN
👉 Multiple brokers = Multiple CSCS accounts
Let’s make it real: amongst other stocks,
• I Bought IMG via Cardinalstone
• I Bought AfriPrud via Meristem
• I Bought JBerger via Greenwich
All these shares sit inside my CSCS account.
Any time , I log into my CSCS account, I see:
• my IMG units → Cardinalstone
• my AfriPrud units → Meristem
• My JBerger units → Greenwich
Different brokers…
Same owner (me).
When you open a brokerage account…
Your broker sends your details to CSCS.
CSCS then creates:
• Your CHN
• Your CSCS account number
That’s why activation takes time.
It usually takes 24 hours to a few days to activate your brokerage account.
Because CSCS needs to generate your CHN and account.
Ideally, you should have ONE CHN.
But in reality…
Some people end up with multiple CHNs due to system inefficiencies.
Like when you try to open another stockbroking account with another stockbroker, and they end up creating another CHN. This is due to lack of proper verification.
Let’s do a quick check:
When you open a stockbroking account for the first time, you will get a CHN and CSCS number…
You’ll also get a stockbroking account access where you can buy and sell shares….
AND
A CSCS account where your share certificates will be lodged…
BUT
You can’t access your CSCS account unless you activate it by paying an annual fee (I did a previous thread on how to activate your CSCS account).
Why do you need access to your CSCS?
Well, our capital market is not 100% efficient.
Why? My personal experience…
AfriPrud declared a 1-for-1 bonus issue last year.
I got email confirmation my bonus was allotted…
But it didn’t show in my broker account.
I checked my CSCS account under Meristem…
Still nothing.
But after digging deeper…
I found the shares.
They were sent to another broker I hadn’t used in years:
👉 Greenwich Securities
Because I had access to my CSCS account…
I was able to trace it, prove it, and get it corrected.
Without CSCS access, I wouldn’t have known.
Second case:
Industrial & Medical Gases (IMG) bonus issue.
This time, CSCS reflected it correctly…
But my broker (CardinalStone) didn’t update my account.
I had to notify them myself
This is the reality:
👉 Brokers can make mistakes
👉 CSCS is your source of truth
You don’t NEED CSCS access…
But
And it can save you from costly errors.
If your broker is not updated…
How will you sell your shares?
How will you even know something is wrong?

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Fintech app/subbroker should be left to newcomers to the market. Dealing with a third party is not for me.
DrBeRich@stethandstocks
🥊For NGX stocks which do you prefer brick and mortar or Fintech app? I prefer to use a fully liscenced broker They are cheaper than a sub-broker,🪪 My shares must be housed in CSCS and not in a brokers portfolio.⚠️ My dividend must be paid directly into my bank account💰
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@StanbicIBTC Since Feb 17, 2026, I submitted an application to open a Stockbroking account. Today is Mar 19, 2026, yet, my account is still not opened (30+ days). I've sent emails back and forth, yet, no resolution. Next step, SEC.
THANK YOU FOR YOUR ATTENTION TO THIS MATTER
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@officialchacha7 Please what's wrong with their app? Don't let us make mistake 🙏🏾
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Nigeria’s stock market did 51% last year.
Question:
Did you participate?
Did you track properly?
Did you even know when to enter?
Did you have real-time data?
Or were you “monitoring”?
MeriTrade is basically saying:
No more excuses. Let’s make it seamless.
The difference between investor and spectator is tools.
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