 Today on the breakfast, popular lawyer Fepa Balala proposes an interim government, says Nigeria needs new constitution. As the governor of Emo State, Obu Zodema says it may lead to anarchy. What is the way forward? Spare the road and spoil the child. Who does it better? The silent generation or baby boomers. We seek answers on the best way to bring up a child on the breakfast. And we will be reviewing all the major stories making headlines across national dailies with an analyst. Good morning to you. This is the Breakfast and Plus TV Africa. I am Justin Acadone. I am Merci Boko. It's a beautiful morning and it's good to know that you are on the other side. You're part of the breakfast. Merci. Good morning to you. Bright and early. Today was a little freer and calmer as opposed to what happened yesterday. Yes, we'll be on your part. I mean, from my access, the video is making the rounds about people being robbed in traffic. Oh, whoa. The VGC major access is quite unfortunate and very sad, but we're hoping that security personnel and the government will swing into action because activities where a lot of persons actually start quite early. Apart from that, yesterday was a fantastic night. I know you're not a football lover, but not necessarily that I saw the match entirely, but you know, those call lines was really, really sad. Liverpool and Man United, that 4-0 game, plus Ronaldo in that game. I mean, we don't need to talk about sports, but just to say that... We're happy to talk about that, but yesterday was a very interesting day, a very beautiful day. Someone practically painted the town of already green. We'll talk about that in a moment. Well, let's just slide on to top trending. We'll start off with the popular Facebook influencer of Ayosa who was nabbed by the police just yesterday around Lugbe area of Abuja. She was said to have defrauded many Nigerians to the tune of about three billion Naira. And from what we're told, she front her storage business to use as a cover, but a whole lot of Nigerians fell victim to half-road and she was trying to escape yesterday from what we read, but she was unlucky. She was nabbed. A whole lot of people are still fallen victims to all sorts of investment schemes, investment plans. You see several posts on social media and Facebook and Twitter, even on Instagram. Sometimes WhatsApp, text messages, people asking you to invest in some business and you get some outrageous, you know, return from it. And a whole lot of people have lost money, you know, all... Just hope Hans escapes. And that's because first of all, I'd say that Nigerians, we never seem to learn. Remember MMM? Nigerians never seem to learn. I mean, we don't... I'm not sure we learn from any experience or all of the experiences that we have been through as a people, not necessarily as an individual, but the fact that these days, you know, the popular saying they used to say, experience is the best teacher. We have moved away from experience being the best teacher to saying that leveraging on others' experience is the best teacher. And so why do we keep falling prey? Secondly for me would be the fact that I feel like greed is a major part of humanity. And so I know I have a... I agree. I agree. I have a cousin, I have a cousin who's quite young and, you know, she's an investment banker, you know, financial advisor and what have you. And so recently she posted something about how do you want to make so much returns? You see, because sometimes the entire... the entire people, the entire people with some of these returns. And so you see someone telling you that you would invest a certain amount and then in three months you're getting 40% return on 100,000. It's too good to be real. And we also need to understand that because it's greed. At the end of the day, you begin to ask yourself, are you not a thief? Why do you want to so from where you did not reap? That's so much. Money doesn't even work that way. So it's a lot for us to understand. But I wish that we learned from all of these experiences. But you see every other time it's the fact that you see that Nigerians are... some Nigerians are gullible because you can't say all. And then we constantly, and including the ones that are very intelligent, very, I mean, world's cold, they went to some of the best schools. You will be shocked. So, but we need to do a lot when it has to do with investment and financial education. So we need to understand that how money works and, you know, the way money works. The money doesn't work the way we look at it, really. And that's to be very honest. So you feel that someone comes to the business proposal and tell you that in a month, you're going to be making... you invest like 200,000, you're going to be making like 1. something million. You should ask yourself, how? So there's a lot of investigation. You need to do your due diligence. And I also think that, you know, to protect the people as well, the government needs to also step up. I know that you have several bodies that have been, you know, activated or, I mean, established by the government to protect people. For instance, you have the sect and all of that. But people, we need to wake up. We cannot say that we're smart people. And every other time we see how gullible we are, we're constantly fought, pray for, you know, look at the young ladies, swindle people and take the money. And this is what's going on. So after this, you're still going to have another Ponzi scheme. And a lot of people will say that. It goes on and on. Like you said, the culture of poverty agreed again. Because maybe, okay, I'm an accountant. I studied accounting. So maybe I understand them, the laws of finance and the returns on investment and all of that, you know, when you get such proposals, investment proposals, and they tell you that you're supposed to be making 50, 70, even 200% from investment, you should ask some pertinent questions. Okay, on what basis would those returns be coming from? Okay, you're asked to invest them 10,000, 100,000 into an investment and you get 20 million. Okay, what is going to bring that profit? How fast, how lucrative is the business? Most people don't ask questions. No, they don't. They're just like, wow, 100 million in three months, like, whoa, they just fall hook, line and sinker. And Justin, it's also on that particular culture. There's a culture of the quick fix, get rich quick. That's rich scheme. Of course, we live in a time where everything is on the fast. So you have the instant noodles. You have everything on the instant. Fast lane. Fast lane. And so everybody wants to make fast cash. In the street words would say, I want to blow and all of that. But it brings us back to asking, like you have rightly mentioned, the very right question. And we need to understand how money actually works, ask several questions. If you can't, if you can't ask, I'm sure that there are a lot of experts that you can consult. So before you throw your money into any investment, if some people even go to borrow, then you can, it doesn't even make sense. Why do you even have to borrow to invest greed? Like you said, so it's a lot. I have seen a lot of people who have invested millions and billions of Naira into some of the schemes. And at the end of the day, they begin to begin to cry, you know, foul and begin to say, oh, we have been defrauded, but we need to do well as a people. We need to be responsible for our action. We need to wake up. We can constantly allow people just for the sake of we wanting to make money. And what happens? Because I was taught in elementary basic commerce and, you know, business studies that some people don't pay attention to the little returns. Now, people think that you have to make, you know, how to go. The profit has to be so high. So imagine that you're making like one Naira on every item that you're selling. People would want to go that particular route. So everybody, so you have a cop. So let's say you're selling this Morg in front of us now. And then probably you, you know, the profit might just be five Naira. So imagine that you sell the more you sell, how much five Nairas you would you be getting, but people don't want that. So somebody wants an investment where we're doing and, you know, this whatever amounts you invested in the Morg and then you have to sell, then you're making like, you know, 20,000 already, 50,000. And that's a lot. So we need to just take it easy. I feel so sorry for those who have been swindled. Yes, we also have to talk about, you know, she is a Facebook, this issue of influencing and influencers, all other people, you know, follow her, they believe that she's like a role model, that she's made so much for herself. And most of the times we, if we do our investigation, we'll find that these so-called influencers, most of them are criminals. Most of them, they're not exactly who they portray themselves to be. Facebook influencers, Instagram influencers. And that's why you have, you know, the need for, for background checks. I saw a couple of blogs putting out some kind of posts that described her in a certain way. And I totally would understand the grievances or the grievance of some of these persons who have probably would have actually reported to this blog. But does it change anything? Like I would say, we have had several Ponzi schemes in this country. And it doesn't feel like we have learned anything. You know, when the government would not really come and tell you, oh, don't do this, tomorrow you see. The next is some people might be NNN this time around or PPP or something. You don't see people. We can constantly so for you to make an investment. I mean, even if you cannot take that decision, someone brings a business proposal to you and you can't take that decision. I'm sure that there are people around your circle, your network, your network that you can actually reach out to and ask the right question. And even if it requires you paying someone, the next part, because you have people who are whose responsibility, I mean, that's your job. Pay an investment bank or, you know, investment specialist or whatever you call them. Let them tell you, you know, what you need to do before you throw in that chunk of money. And then we will be fine. Screamin' Blue Mother. We need to move away from this. Yes, remove. Like I said, when we started the show, you know, someone literally painted the city off over a green. No, you're, you're very dramatic. I am because she's one of my favorite actresses. And she got married yesterday. Mercy, you remember the bridal shower where lots of her friends were around to just that, you know, encourage her, of course, to wish her. But this time around, just yesterday, Rita Dominic tied the knot with her bow. And it was so colorful. It was so wonderful. She looked radiant. And she looked angelic. She looked divine. I could use several adjectives to qualify how she looked yesterday, Mercy. So that's someone's bride or someone's wife, right? Yes, but she is all Rita Dominic. So this is just an example of how Nigerians felt yesterday. I mean, the way Justin is feeling this morning. Yes, I'm happy for her. You need to see the smile on his face and the fact that he's being loved. A big smile. I'm really, I'm really in with joy here. And that's to show you that yesterday, I don't think there was any slander of Rita Dominic, you know, on the Internet, you know, constantly having all of the beautiful photos and all of that. A lot of people are very excited about these and are really happy. I mean, you could see that the traditional marriage in other movies, you could see the crowd. I mean, it was really, really all of the pictures. And the group does dancing. It's been a wonderful moment. Now, interesting is the fact that, you know, Anosike is also, I mean, he's the CEO, right? He's a journalist as well. So I mean, so if you was like, you know, that's a win. I don't know. That's on a lighter note though. But congratulatory messages, goodwill messages have been poured out by people from different parts of it. I enjoyed it. There are lots of beautiful pictures. I'm still dancing. I'm still relieving the moment from yesterday. For me, one of the things that stands out, Rita Dominic is that, you know, in all of this, if you follow her career pattern, everything, not so much of a scandal around her, you know, she has compotted herself very well. And she has been fantastic. It's good to see her, you know, settled down. Finally, you know, trying to not have a fine gentleman. A lot of people have said different things about her. Most people like, will she ever get married and the time is no longer on her side? You know, but then she had always been a very calm, collected person. No scandals. She is not like everywhere, like some actresses or actors. And she keeps to herself most of the time. And she is someone who, you know, just takes her time and talks when she should talk. She's not like everyone who, you know, has a comment or post to make on each issue that is really trending. And she has stayed off scandal. And finally, she tied the knot. And I just wish her the best of married to bliss Rita Dominic. Okay. So that's it. And that's how Nigerians are feeling right now, including myself. Congratulations to Rita Dominic and Anna Oseke. We wish them the very, very best. And we wish them, you know, a blissful marital life from us here. Yes. All of us here at Plus TV Africa. Let's leave Rita and Habu for one moment. Another interesting thing is actually trending again. Imagine, a lot of people have complained about getting all sorts of wrong depth. I mean, it's almost two weeks. So I was debited, no cash was dispensed. I should not stop dancing in front of the bar with a live band. So, you see, I think that at some point, you know, everyone has been part of this yesterday. It took me, I mean, last week, I would also share mine. I banked with the sudden bank for the fact of, you know, publicity. There's no need to put that. So you actually go to a sport and then you're making a transaction. Maybe you're using the ATM. You're trying to use your ATM at the machine at the sport where you're supposed to get funds or you probably go to a store and you're supposed to make payments via the POS. And sometimes you find out that most times in my case, I was debited and I was accredited. So it doesn't even make sense because your money is in limbo. The money is not in your account. You have been debited. And the other party is saying, we haven't gotten any credit. It costs for a lot of concern. Then you have to go to your bank. Of course, the bank had not been in session up until yesterday. And then the bank would tell you it takes eight walking days to, you know, reverse the money. I'm wondering if it means you're going, and you understand the times that we're in. A lot of people are going through so much. And you don't really understand why you see someone getting very agitated because of a thousand Naira. That might be just the only money that he has. And that might just be, so you have no idea. I think that the banks need to do better. This is where you begin to ask yourself, what happens to the consumer protection commission that's been called. So you have several bodies. Are we even leaving up to express it? What is even really going on? For me, for instance, just like every other person. I mean, why do you tell me that it takes eight walking days to return my money? So you've got a transaction. Why? Does it mean that you have to go to space to do something before the money comes back? I don't understand the technicality around it. I think that the banks need to do better, need to understand the situation that a lot of persons are faced with. Because there are several conspiracy theories. There are several people who have proven that, you know, it's just the means and it's a sort of an underturn of fraud, where people, these banks are just acting this way so that people can just give up, they get frustrated and then they let the money go. I'm not sure that that's something, not in all cases, yes. But I mean, we need to do better. This is where all relevant bodies, everyone, we need to begin to check the excesses of these banks. It's okay for someone like me. I don't even keep tabs with all of those charges. Some people don't. And you know how much they make from the little monies. I don't even know the strategies. It's just $199. It goes beyond. But you know the bulk of millions they get out of the hotel. It's not even just about the POS transactions or maybe web payments or ATM transactions. Sometimes you just see also all sort of debits in your account. You'll be wondering, okay, I didn't make this transaction. How come I'm getting this debit? It'll give you one convoluted charge that it might be something. They'll say it's ATM maintenance fee. And sometimes you don't even have ATM on that particular account. And you're getting debits on that particular. You've not done any transaction with your ATM card, maybe for a month or two, and you're still getting maintenance. So most of these things have to be brought to the fore. The bank has committed FCC, PC. Those in charge, because Messi had said it, it doesn't really make sense given someone eight to 15 working days to reverse the transaction. That money might be $1,000. That might be $2,000. That might just be the only money that person has to go by for that particular period. And then when you take it away from him, and he can't get it after two weeks, some people might not even know just where to turn to to even get the next mail. So the bank has, I mean, all the banks, the dis-institution, financial institution, I'm thinking that we need to do better. We need to step up the game and protect our consumers who, of course, not necessarily Nigerians because you have others who are leaving, but we are leaving in such a difficult time. And there's a lot that's going on. So in the 21st century, you ask yourself, why do we even have to go through all of this stress? I don't know if you understand. At some point you ask yourself, are we even ready for this sort of banking? We're saying that we're going into online banking. There are some things that you should be able to solve without having to go to the bank. For instance, there is no reason that you should actually work to a bank and begin to ask that your fund should be reversed. Right. There should be a way that it can be solved from you. Honestly, without people having to interface with the bank, we'll leave in a time where we're supposed to be developing and moving and finding ways to solve problems using technology and easing the stress of the people, making it very easy for banking. So one would talk about smooth banking, but that's not the case here. So it's really stressful. I know that for some people, they can't really take it. And so sometimes you walk into a banking hole, you see someone acting very rascal or somebody acting out of the normal way they should behave, and you're wondering why it's a special act in this way. There's a lot of frustration beaten as an anger, and that's because times are quite difficult and hard. Very, very difficult. And people are grown in to survive. So the banks would rather do better than causing more troubles for those customers. And that's what it would be. But we're also asking that please government should not throw their arms, fold your arms and watch the people suffer, intervene and check the excesses of those banks and the activities. Yes. So I'm not trying to hold or take the brief or the guy who went about the life band in front of that particular bank. He must be your brother. He was letting them have it really because he just couldn't stand it anymore. But then Mercy has said there's a whole lot of new things we could do with this particular technology and all of that. For instance, it used to take like three, four days to clear a check, but now you can do that after a day or so. Let's also try to do this with our turnaround maintenance or the financial transaction in the bank. If I have a debit that was wrongfully made on my account ordinarily within the day, within 13 minutes or there, but I should have my money reversed. Even if there may be some issue with NEBS or NEBS downtown or downtime, I should get a reversal at least the next day, but not to tell me eight days or sometimes that they ate working days that's like two weeks. So don't calculate Monday to Saturday or Monday. Mercy Monday to Friday. That's five days. You have to wait again for the next week before you now get settlement. It is really not what we should be talking about. So banks, NEBS, FCC, PC, Bankers Committee do something about this little infraction we have in our financial system. That's all we can take on top trending. We'll take a quick break and when we come back, we'll go straight to off the press in a moment. It's the breakfast on Plus TV Africa.