Income tax 2022-2023, depreciation, election to exclude property from makers use of standard mileage rate and basis. Let's do some wealth preservation with some tax preparation. Most of this information comes from publication 946 how to depreciate property tax year 2022 you can find on the IRS website IRS.gov IRS.gov. We're accounting instruction by clicking the link below giving you a free month membership to all of the content on our website broken out by category further broken out by course each course then organized in a logical reasonable fashion making it much more easy to find what you need than can be done on a YouTube page. We also include added resources such as Excel practice problems PDF files and more like QuickBooks backup files when applicable so once again click the link below for a free month membership to our website and all the content on it. Looking at the income tax formula we're focused on line one income remember in the first half of the income tax formula is in essence an income statement although just an outline of scaffolding other forms and schedules flowing into it one of those being the Schedule C in essence an income statement in and of itself with business income minus business expenses the net business income flowing into line one here income of our income tax formula first page of the form 1040 we're focused online number eight noting the schedule C would flow into the schedule one which would flow into line eight of page one of form 1040 the schedule C profit or loss from business has an income and expense section we're focused here on the expense side of things thinking about depreciation which is an accrual concept that we have to deal with even if we're a cash based tax payer because the tax code forces us to do so noting that means that we put something on the books as generally an asset and allocate the cost of that asset over the useful life and doing so one of the standard methods we could use is the makers method which is usually going to be a form of double declining balance with like a half year type of convention it's like an accelerated straight line type of method and then we would have to determine what the life is which is often dictated by the code as well so given that now we're thinking about the election to exclude property from makers so you might say I've got property and putting it on the books it might be machinery or something like that equipment furniture you're putting it on the books usually you would be using the makers depreciation which usually is a type of accelerated depreciation a double declining balance type of system if you're familiar with the depreciation methods in other words it's similar to a straight line but we're taking more of the depreciation upfront in the early years with it now you might say I don't want to do that you might say I still want a straight line depreciation or something like that now normally if you can get an accelerated depreciation that's what you would want you wouldn't want the straight line from a tax standpoint because our goal usually is to depreciate more early because then we get the benefit faster that's the general rule but there might be exceptions to that rule for example if we think that depreciated more in the current year would be less beneficial because we have less income in the current year and we expect our income to be going up in future years resulting in higher tax brackets in future years we might have a situation where we would like to depreciate at least evenly or possibly more in the in the tail end because that's where we would have higher tax rates possibly all right given that so if you can properly depreciate any property under a method not based on a term of years such as the unit of production method you can elect to exclude that property from makers so unit of production method is another kind of depreciation format a way to calculate the depreciation that's tied to your production so if you have a piece of machinery and you're making things with a piece of machinery you can tie the depreciation not to years but rather to the things being produced for example a printer try to tie out the depreciation not to how old the printer is but how many pieces of paper it has printed for example so you make the election by reporting your depreciation for the property online 15 in part two of form 4562 and attaching a statement as described in the instructions for form 4562 so that's more of an unusual type of situation but could come up in certain uncertain circumstances so you must make this election by a return due date including extensions for the tax year you place your property in service however if you timely filed your return for the year without making the election you can still make the election by filing an amended return within six months of the due date of the return excluding an extensions so you would think you would need in essence moon mostly to pick the depreciation that's going to stick in the first year or close to it possibly with that amended return you know within six months because after that point in time you you would need consistency you would think in depreciation method going forward so attach the election to the amended return and write a quote filed pursuant to section 301.9100-2 end quote on the election statement file the amended return at the same address you filed the original return use of standard mileage rate so this might be another reason where we might deviate from the depreciation method of say a maker's depreciation method because we have an automobile where we might have a choice or option between taking the mileage method or taking the actual which would include depreciation as well as fuel and so on and so forth the mileage method is typically thought to be an easier method oftentimes especially for sole proprietors small businesses because then you don't have to track all the individual items as easily and even when you do track the individual items such as gas and whatnot it can be difficult to allocate how much is going to be business related versus non-business related and sometimes to determine the amount that is business versus non-business you still need to track the miles to use a percentage a ratio kind of system to figure that out so the easier method of course would be then to try to figure out the miles driven and just used then the base rate that they give you to calculate your your expense in which case you're not really doing the depreciation thing on the car but using an alternative method which includes both the cost of depreciation or is designed to as well as other costs related to the car like the gas and the maintenance so if you use the standard mileage rate to figure your tax deduction for your business automobile you are treated as having made an election to exclude the automobile from makers so you could see publication 463 for a discussion of the standard mileage rate if you want to dive into that more detail we touched on it a little bit in some prior section of course so what is the basis of your depreciable property to figure your depreciation deduction you must determine the basis in essence like the cost kind of similar to the cost of your property to determine the basis you need to know the cost or other basis of your property so cost as basis the basis of property you buy is its costs plus amounts you paid for items such as sales tax it's the exception below freight charges and installation so let's say you bought a big freezer or something like that for your ice cream shop then the cost of the freezer is clearly going to be a cost that will be included you know something that you would be depreciating but also the shipping of the freezer to get it to the place you need it in the store to store the ice cream is also something that would be included in the amount that's going to be depreciated as well as the installation to get the freezer in place so it's ready to rock and or roll right so in other words you might think that i should be able to take the freight charges and the installation fees and just record them as expenses and only record the cost of the refrigerator for the depreciable item but generally to get the refrigerator or freezer ready to roll you had to not only buy it you also had to ship it and you had to install it before it was ready to be in service so all of those things would be part of the basis which is why you might think of it as a little bit different than cost but quite similar to cost also you would think of that thing being put on the books generally at the point in time it was it was kind of like put into into service okay so the cost includes the amount you pay in cash debt obligations other property or services so clearly if you paid cash for these items purchasing the fridge paying the freight and so on that would be included in the cost debt obligations so so you might take on debt in order to pay it so if you financed the freezer you didn't pay cash for it that's the same situation we talked about in prior presentation where it's similar to your home where people make the mistake that because i've alone on it i don't own the home for example you do own the home the phrase saying that the bank owns my home it was started out to be a joke that's a joke the bank doesn't own your home even though you owe the bank 80 percent on the loan of the home because again the bank can't come in and tell you what to do with the home they can't tell you to landscape the home they can't tell you to paint your home they're not sitting at the kitchen table telling you what color the living room should be right they can't do those types of things so so the the loan then is this is like a separate a separate thing so if you if you finance the same kind of idea here if you finance the equipment you still own the equipment you're going to put it on the books at the cost of including the amount that you financed and then you're going to have to deal with the financing which of course means that you're going to pay back the loan in the future and the interest on the financing which is the rent in essence on the purchasing power that you used to buy the the freezer in this case so that you can make revenue selling ice cream the rent on that the interest may also be deductible as well as a business expense right so other property so obviously if you if you traded in an old freezer for the new freezer or something like that then that that's kind of part of what you paid for it there could you might think of that if you traded anything if you gave them a car for the freezer or something like that you're still paying them and you'd have to then figure out how much it costs given the fact that you kind of bartered in a situation or services if you gave them free ice cream for life for whatever you have to value the value that or something so exception you can elect to deduct state and local general sales tax instead of state and local income taxes as an itemized deduction on schedule a form 1040 if you make that choice you cannot include those sales tax as part of your cost basis now this gets a little bit messy because remember for just normal taxes for schedule a you might be able to deduct sales tax now the sale the sales tax would only be deductible if you had greater if you had greater itemized deductions than the standard deductions and usually if you're in a state that has income tax like california or new york you're more likely to then take the incomes tax as opposed to the sales tax but if you live in a state that has sales tax as their private new primary revenue generation source then then you might be able to deduct the sales tax now when you make a big purchase of something like a freezer then that could substantially increase the sales tax so then the question should i be able to get the sales tax like on a schedule a or what would i be able to take it on the schedule c now there's a kind of a question of which one would be most beneficial if you have to depreciate the freezer over a long period of time and you had to include the the sales tax on the schedule c if you had to depreciate the sales tax then you might not get a benefit until the useful life of the freezers is taken up over five years if for some if somehow some way you could separate the sales tax from the cost of the freezer and deduct it get the tax benefit in the current year then in some cases that might be beneficial it's more of an unusual situation assumed debt i mean so in general you would think normally though the sales tax would be part of the cost of the freezer that you'd have to include in the cost and depreciate over the life okay so assume debt if you buy property and assume or buy subject to an existing mortgage or other debt on the property your basis includes the amount you pay for the property plus the amount of the assumed debt example you make twenty thousand dollar down payment on property and assume the seller's mortgage of one hundred and twenty thousand so your total cost is one hundred and forty thousand the cash you paid plus the mortgage you assumed so settlement costs the costs of real property also includes certain fees and charges you pay in addition to the purchase price these are generally shown on your settlement statement and include the following so oftentimes when you buy like real estate for example if you're buying a business building or something like that then you've got all the costs related to the purchasing process which you would think would also need to be included in the cost of the building that you purchased or the property that you purchased which you might then have to to kind of deviate or allocate between land and building so you got legal and recording fees you got abstract fees service charges owners title insurance amounts the seller owes that you agree to pay such as back taxes or interest recording recording or mortgage fees charges for improvements or repairs and sales and commissions so for fees and charges you cannot include in the basis of property see real property publication five five one real property of real estate obviously is a is a more complex situation oftentimes due to the dollar amount and the complexity with the purchasing of real estate so other basis other basis usually refers to basis that is determined by the way you receive the property so for example your basis is other than cost if you acquire the property in exchange for other property as payment for services you performed as a gift or as an inheritance so if you acquired property in this or some other way see publication five five one to determine your basis so notice that the basis if it was an arms length transaction if you went out and bought a forklift or something like that it's a pretty straightforward type of situation to determine the basis but what if you what if you had a had a basis like you bought something from like like a related person or something like that then the transaction might not be an arms length transaction what if you were gifted the property from a parent or something like that then you might be using it in the business and whatnot but what it's going to be the basis at that point in time what if you inherited the property so once again you didn't buy the property so you don't really have the price that you need for the basis so so you're going to have to think about well what's going to be the basis going to be so like if it was gifted to you for example you might assume then that the basis might be kind of related to the basis of the person who gave you the gift or something like that could be the case you want to dive into that do more research publication 551 if you inherited the property then you have a kind of a weird situation because like if the property was part of the estate of the person that died then it could be subject if they're wealthy enough to an estate tax the death tax meaning they already pay taxes on it not as an income tax but as an estate tax or death tax and therefore when you get it you would think you would get a step up in basis which is usually a good thing right we would like to like if someone gave gave us property or we inherited property I would like that like they gave me let's say they gave me a business building I would like the business building to if I had a choice between the business building having a hundred thousand dollar basis or a thirty thousand dollar basis the one hundred thousand dollar basis would be better and I didn't have to pay for it I just got it for free but I would still like to have the basis that I can then allocate and depreciate over time or at least if I sold it in some future point the gain would be less or the loss would be greater if I had a higher basis so the higher basis is usually good so if it was an inheritance do you get a step up in basis at the point in time that the death happened if it's a gift do you have to take on the basis of the prior person which might be lower than the current fair market value those questions kind of come up so property charge from personal use if you held property for personal use and later use it for your business or income producing activity your depreciation basis is the lesser of the following so now you have something let's say you had you know a home or something or whatever something that you're using for personal use and then you converted it to business property well you're left in the same problem here I don't know what the cost is anymore because when I bought it it cost something different than the current fair market value when I transformed it from personal to business property so one the fair market value of the property so it's the lesser of one the fair market value of the property on the date of the change in use meaning when you converted it to business or two your original cost or other basis adjustments as follows a increase by the cost of any permanent improvement or additions and other costs that must be added be decreased by any deductions you you uh claimed for casualty and theft losses and other items that reduced your basis so in other words you're you're transforming something that was personal into business property it's a it's a something you're going to depreciate you would think it would make sense from a tax standpoint they would want you to put it on the lesser of the fair market value meaning the cost at this point in time which usually you would expect to be lower than what you paid for it because most things go down in value except real estate which could go up in value that's why it's the lesser of the fair market value or your original cost or other basis adjusted by a and b below okay so example several years ago nia paid 160 000 to have a home built on a lot that cost 25 000 before changing the property to rental use last year nia paid 20 000 for permanent approved improvements to the home and claimed a two thousand dollar casualty loss deduction for damage to the house so land is not depreciable so nia includes only the cost of the house when figuring the basis for depreciation purposes so the adjusted basis in the house when nia changed its use was 178 000 which is the 160 000 plus that's the what she paid for it 160 plus the 20 000 so 20 000 for for the improvements minus the 2000 casualty loss that she had so on the same date the property the property had a fair market value of 180 000 so 180 000 is greater than the 178 000 and we're taking the lesser of in this case so of which but then 15 000 was for land and 165 was for the house so now we have to break it out between the land and the house so the basis the basis for depreciation on the house is the fair market value because now we took the 180 000 for both the building and the land and 15 000 was for the land so now that reduces down to the 165 000 so now the lesser of the two the 165 000 or the 178 000 is of course the 165 000 and that's the one that be used so because it is less than nia's adjusted basis okay property acquired in a non-taxable transaction generally if you receive property in a non-taxable exchange the basis of the property you receive is the same as the adjusted basis of the property you gave up special rules applies to determining the basis and figuring the maker's depreciation deduction and special depreciation allowance for property acquired in like kind exchange or involuntary conversion so those are two kind of special situations that you can dive into in a lot more detail like kind exchange type of situation or involuntary conversion for example the government coming in and saying we need this property for a particular freeway or something and telling you telling you that is what it is so see like kind exchange and involuntary conversions under how much can you deduct in chapter three and figuring the deduction for property acquired in non-taxable exchange so you can take a look at the publications here on chapter three and chapter four if you want to dive into that in more detail find that on the iris website so there are also special rules for determining the basis of maker's property involved in a like kind exchange or involuntary conversion when the property is contained in a general asset account so you can see how to use general asset accounts in chapter four of the publication if you want to dive into that in more detail adjusted basis to find your property's basis for depreciation you may have to make certain adjustments increases or decreases to the basis of the property for events occurring between the time you acquired the property and the time you placed it in service these events could include the following installing utility lines so paying legal fees for perfecting the title so settling zoning issues you can see most of these of course are on real estate type of type of property and the question is are these types of things that need to be included in you know the basis or not as you get the property set up and ready for business use receiving rebates incurring a casualty or theft loss for a discussion of adjustments to the basis of your property you could see adjusted basis in publication 551 if you depreciate your property under makers you may also have to reduce your basis by certain deductions and credits with respect to the property for more information see what is the basis for depreciation chapter four of the publication basis adjustments for depreciation allowed or allowable you must reduce the basis of property by the depreciation allow or allowable whichever is greater so notice when we're depreciating the asset depreciation is good we want that we want to be able to take the depreciation because that's an expense unforeseeable expenses and as we take the depreciation we decrease the adjusted basis which is like the adjusted cost we want the adjusted cost to be as high as we can right so we're but we're reducing the asset in essence the basis the property that we have and we're expensing the cost so so again we like the expense but it also reduces the asset right so depreciation allowed is depreciation you actually deduct from which you've received a tax benefit depreciation allowable is depreciation you are entitled to deduct so you want to make sure to not give up your capacity to deduct the depreciation so if you do not claim depreciation you are entitled to deduct you must still reduce the basis of the property by the full amount of depreciation allowable that would be not good because that would mean you could have depreciated it you didn't get the benefit of depreciation and you had to reduce the basis the adjusted cost which means you don't get the depreciation in the future and when you sell it you're going to have more of a gain or less of a loss at the point of sale so if you deduct more depreciation than you should you must reduce your basis by any amount deducted from which you received a tax benefit the depreciation allowed so how do you treat repairs and improvements if you improve depreciable property you must treat the improvement as a separate depreciable property so now you didn't just repair it because if you've repaired it you would bring it back to its normal state like if you just repaired the roof but if you put on a full new roof you improved it you've extended the useful life then you might have to depreciate that should you just increase the cost of the building or the adjusted basis of the building no you put it on the books generally as another asset that has another you know useful life for an improvement so improvement means in addition to or partial replacement of property that is better meant to the property restores the property or adopts it to a new or different use and note we do use the term they have the the term restore the property here so you can get into messy situations in terms of is this something that it's a repair or is this something an improvement as a general rule you would like to be able to record something as a repair easily repaired because then you would get the depreciation in the year of the repair as opposed to having to record it as an improvement which means you have to depreciate it over a long period of time and if you're talking about real estate that could be quite a long period of time so it's a quite significant difference and worth looking into when you're doing the substantial improvement to see whether or or repair to see whether it can be qualified as a repair or improvement so c-section 1.263 a-3 of the regulations for more information you generally deduct the cost of repairing business property in the same way as any other business expense however if the cost is for a betterment to the property to restore the property or to adopt the property to a new or different use you must treat it as an improvement and depreciate it so example you repair a small section of section on one corner of the roof of a rental house you deduct the cost of the repair as rental expense so now you're not repairing the whole roof if this is a common example right the roof is always an issue so you're just trying to plug up the hole and and bring it back to restore it that's just a repair not an improvement however if you completely replace the roof the new roof is an improvement because it it is a restoration of the building so in other words you've kind of extended the useful life of the building beyond what it was before is one way you might think of it and therefore it could be an improvement that's much worse because you don't get to deduct the whole cost of the roof in the first year but you might have to appreciate it over a long period of time because it's real estate so you depreciate the cost of the roof now so do you have to file form 4562 use form 4562 to figure your depreciation for depreciation and amortization attach form 4562 to your tax return for the current tax year if you are claiming any of the following items so you got section 179 deduction which we'll talk about in future presentations for the current year or a section 179 carry over from a prior year c chapter 2 for information on section 179 depreciation for property placed in service during the current year depreciation on any vehicle or other listed property regardless of when it was placed in service c chapter 5 for more information on listed property we might talk about that more in the future a deduction for any vehicle if the deduction is reported on a form other than schedule c that's the normal small business schedule that's the form schedule c form 1040 amortization of cost if the current year is the first year of the amortization period depreciation or amortization on any asset on a corporate income tax return other than form 1120 s us income tax return for an s corporation regardless of when it was placed in service


وَأَقُولُ فِي القُرْعَنِ مَا جَاءَتْ بِيهِ أَيَاتُوهُ فَهُوَ الْكَارِيمُ المُنزَالُهُ وَأَقُولُ قَالَ اللَّهُ جَلَّ جَلَالُهُ وَالْمُصْطَافَ الْهَاديِ وَلَا أَتْ أَوَّالُهُ الحمد لله رب العالمين والصلاة والسلام على عبد الله ورسوله نبينا محمد وعلى آله وصحبه أجمعين هنا are two situations here the first is when a parent says these adhkar as a means of teaching their children and developing their habits and insha'Allah there is no harm in this the Prophet ﷺ used to teach young children the things that they needed as we heard in the course for example the hadith in which the Prophet ﷺ said to the young boy or young boy so there is no harm if a child sneezes and the parent is trying to teach them the habit of saying say alhamdulillah and the child says alhamdulillah for example there is no harm or the parent wants to say it in order to teach the child so for the purpose of teaching and developing habits we hope that there is no harm in this the second issue though is saying so without this reason such as to a baby for example and in this matter the scholars differed however it definitely shouldn't be done as a regular habit because there isn't any clear evidence for doing so but if the parent says so occasionally without a specific belief that this is a sunnah then we hope that there is no harm in this so again we are going to split it into two saying atkhar to your children or on behalf of your children for the purpose of teaching them this we don't see any problem with and the issue of just saying atkhar on behalf of your children in order for that zikr to be effective for them and in this what we say is that we say that it should definitely not be done habitually it shouldn't be done all the time but parent does it occasionally then some of the scholars allow this however others among the scholars didn't allow it at all and we should also be clear that there are specific atkhar which you can say for your children like for example in the hadith narrated by Imam Abu Khadi كان رسول الله صلى الله عليه وسلم يعود الحسنة والحسين رضي الله عنهما وعيدكم بكلمات الله التامة من كل شيطان وهمة ومن كل عين لم the prophet صلى الله عليه وسلم used to seek refuge on behalf of الحسن والحسين رضي الله عنهما by saying I seek refuge for you not saying اعوذو but اعيذو كما with the perfect words of Allah from every shaitan and every beast and every envious eye so the prophet صلى الله عليه وسلم actually used to save those words to seek protection on their behalf and this is excluded from the discussion this is perfectly acceptable and it's a sunnah of the prophet صلى الله عليه وسلم to use a du'a like that and Allah is our general most best السلام عليكم ورحمة الله وبركاته how can you do a two second action right now that will give you a share of the reward of everything we're doing on this YouTube channel simple like this video and click subscribe why it will allow YouTube to recommend our videos to other users and imagine the huge amount of reward that could be waiting for you on the day of judgment if you did that with a sincere intention of spreading the deen of Allah you'll be rewarded for every single person who benefits from one of our videos as a result of your like or subscribe that's an easy two second action that you definitely don't want to miss out on do it now click like and subscribe and don't forget to make that intention


In other news, the Royal Saint Lucia Police Force embarks on a new approach to arrest incidents of domestic violence, suicide and child abuse. The initiative of one assistant superintendent of police led to a stakeholder consultation for Grosillais and the Babunot regions. An integrated approach is being taken to address domestic violence, suicide and child abuse in the northern communities of Grosillais and Babunot. The police division collaborated with the Ministry of Social Transformation and the Grosillais Catholic Parish to hold a stakeholders consultation recently to elicit suggestions for awareness and intervention. We have seen in recent times how these issues have impacted society and the problems that it has created for us, more so even suicides recently we've had quite a few cases and so we understand that the Royal Saint Lucia Police Force does not have the answers to all of these issues and so it is very important for us to partner with our various agencies, the community to come together to see how best we can address these issues. Faith-based organizations were engaged on day one of consultations and community-based organizations on day two. Child Abuse presentations made by family case workers for Grosillais and Babunot had participants coming away with concerning information and resolved to address this societal ill. This particular session I felt was very important to attend, particularly as Grosillais where we deal with a lot of young people because these are the young ones who are most vulnerable, some of them not just vulnerable in terms of economic vulnerability but vulnerable as well in the sense that they have very little autonomy and they depend heavily on their family etc. So this is very important for us in terms of identifying not only the symptoms of some of the social ills that we discuss in order to prevent them but also to have a sense of who it is that we can reach out to. There appears to be a major child abuse problem within Saint Lucia. I don't want to say especially within the northern section of the island but that's kind of how it seems from the statistics we've been shown. So just there's a lack of communication or reporting of these child abuse problems specifically from the children themselves. Usually you have to go to the teachers, you have to find out what the teachers notice but then most of the teachers don't really know the signs and symptoms to look for that will tell you okay maybe this child is being abused at home. The role of educators in responding to child abuse came up during the discussions. An officer for District 1 Grosile, Cyrus Sepal, stressed the need for a multi-agency approach. Even though the teacher may be the best teacher with the best pedagogical practices and you have all the safe environment for them at the school but if when they go home, when they go to the communities then they face that level of abuse, that emotional abuse, physical in whatever form, sexual abuse, whatever it is, when they come to school there is no way they will be able to function, there is no way they will be at peace, there is no way they will feel safe and they have been disadvantaged of their education. So I want us now to be able to work in collaboration, form a network in with human services and the community groups, the church groups and the schools because we all have the concern to ensure that the children receive a good education. Grosile's social transformation officer David Moise indicates that a joint report will be prepared by the Ministry of Social Transformation and the Royal St. Lucia Police Force to be submitted to cabinet. Through this initiative we can look at the suggestions, the recommendations that would come out of our group discussion later in the afternoon as well as what we got from yesterday and we can put these together and try to see how best we can assist these organizations, how best we can assist the churches in going out there and really executing some of those recommendations that would have been made. For the Government Information Service, I am Jesse Leons reporting.


Owning a property in Nigeria is good investment. The thought of owning one can be quite satisfying and to an extent could give you a sense of security. However, this reality could be shattered if you get scammed. If you are dreaming of owning a property in Nigeria, there are things to know in order to avoid being scammed. The idea is not in any way out of place. It is a great thing and even greater if you've decided to make it a reality. In all you do, don't ever rush the process of acquiring your desired property. Don't allow sentiments and excitement to cloud your judgement. Now, on the show today, our focus will be on how to secure genuine properties in Nigeria. Welcome to Business Insights and Plus TV Africa. I am Justin Acadone. Now, former Minister of Trade and Investment Dr. Ousya Gwaganga has appealed to President Borla Tinnable to declare the industrial sector a national priority and back it with plans, policies and finances. Ouganga, who delivered a lecture at the 3rd Adeolo Jutola Lecture and Presidential Luncheon, said industry multiplies national wealth, create jobs and is critical for exchange rate and balance of payment management. Details in this report. The key theme here is setting the agenda for competitive manufacturing under the AFCFTA, what Nigeria needs to know. Otumba Francis Mechurye is the president of the Manufacturers Association of Nigeria, Men. He hits the ground running by lamenting the slow rate of industrialization in Nigeria and the challenges affecting the performance of manufacturers. Other speakers believe that the AFCFTA can be achieved if stakeholders address the challenges affecting the nations. We need to develop the right strategies and post-saturday efforts to position our economy as the number one manufacturing hub of the African economy. Evidence is from several parts of the world, including China, United States, Japan, Germany, South Korea, after the importance of manufacturing sector in building a resilient economy. The AFCFTA is not just an agreement, it is a platform for collaboration, even beyond the walls of Nigeria, how do we reach for regional integration that will give us competitive manufacturing. Nigeria must actively engage in regional and continental cooperation with the following steps. The steps that will bolster regional integration, we must strengthen our commitment to regional integration by harmonizing trade and manufacturing policies with other AFCFTA state parties. This is why we have continued to prioritize the critical infrastructure and the implementation of policies and strategies aimed at improving the ease of doing business and strengthening the productive capacity of MSMEs across all sectors. The former Minister of Trade and Investment Dr. Lushego Agangere takes the stage. The ease of the opinion that embracing competitive manufacturing under the AFCFTA is crucial for Nigeria's economic growth and integration into the global market. He says Nigeria may not be able to compete with China now, but it can be a hub in Africa by investing in infrastructure, innovation, and skilled labor while addressing trade barriers. It is important to make it absolutely clear from the outset that in modern global economy industrial development is not luck. Industrial development does not happen by accident, it is a nation's choice. Countries must therefore have an intentional, precise, and intense approach to nurturing and expanding industrial activities. No, the experts say to become a prosperous nation with a strong denier and reclaim its position as a Jewel of Africa. Nigeria must industrialize. Welcome back from that report. Research will help you verify that the other party is true, working with someone you don't trust is going to turn out to be disastrous. You want to do your due diligence and know that you can trust them before you do business for the people you're getting properties from. I demo soon. Babacin Dabiordo is a Nigerian based serial entrepreneur and visionary leader whose many years of hard work has culminated into his strategic positioning and grows as a building developer, real estate consultant, as well as a haulage and logistics expert. He is the founder of High Max Plus Real Estate, an internationally recognized company founded in 2021 and the company is a testament to the power of education, hard work, and an entrepreneurial spirit. His journey from humble beginnings to becoming a successful entrepreneur and mentor is an inspiring story of dedication and perseverance. He joins me now to discuss further on the show. Many thanks for joining me Babacin Dian Business Insights on Plus TV Africa. Thank you very much. It is indeed my pleasure. Right now we're looking at our secure and property genuine ones so that you don't get scammed and at the end of the day you don't have issues in the future. So are there critical steps to be considered when one intends to get a property? Thank you very much. Now, when it comes to property in Nigeria, especially in illegal states, there are so many things you actually need to do.  The reason is that a lot of people hire under the big company name, that company is big, this company is big. For the fact that the company is showing you a particular document, you also need to engage the software. If that document belongs to this particular land, you also need to engage your lawyer to help you to confirm if it's something you can go ahead or you need to know where you want to put your money. So it's very, very important that you do your own business. Okay, speaking of doing due diligence, for instance, an intending investor, for instance, does he need to do a search on the property or does he really need to get the help of an expert to run a check or just how does it really work? Before you made that, you cannot do it by yourself because that is not your field. You need to engage your software to help you to, you know, when you are buying a property, they definitely show you a particular document. So how do you know that the document they are giving to you will become belongs to a particular land? So you need to engage your software to help you to pick a coordinate. So your lawyer will take the coordinates to Secretary Hattala also to confirm if it's something they can buy. You know, when people want to buy properties, they'll say, okay, I want CFO. Even CFO, that's a primary date. Oh, CFOs are common. That's a primary date. CFO is on 99 years.  So you need to be aware of what's going on. So in Verde now, you're saying that CFOs have an expiry date. And for instance, let's say the family is a family land and they've been using it for, let's say, about 50 years over time. And what if it expires, what does one need to do since you've actually gotten ownership of such property? That's what I said. You need to be aware. When your CFO is expired, that's the way you can renew it. But if you are not having a government, it might just come wondering that that particular land has been given to somebody else. You also because after that 99 years, the property go back to the government. So it's not yours, definitively. Once you check your CFO, you'll see that this property, you are losing the land from the government for 99 years, or 100 years. So you need to be aware that, OK, the property that I'm getting from Mr.  Yeah. Let me just put in from that point. It talked about renewals. So invariably, when a CFO expires, you can go back to the government to renew it. Does it take a rigorous process since you originally owned the property? Yes, yes. If you want to renew, there are some documents that you need to also look for.  There's a land due that you're supposed to be paying every year. Land use are. So you check all those documents before you can renew the property. OK. So it's not something that you just do immediately. So you need to carry your lawyer along to be able to have it. One prominent occurrence that we see specifically in Lagos, or most western part of the country, is the issue of homoniles and then family lands. Because over time, someone goes to acquire a property and he meets maybe another family member. And they say that I'm the head of the family and I've gotten, I have all the rights to sell this to you. Then over time, you may have done your payment. And then the issue of he's not the one that is authorized to sell this property coming. So how do you handle the issue of homoniles and land grabbing, which is like a common feature in real estate in Lagos specifically? That's what I said. It's not something you can do by yourself. When you engage your lawyer, these are the things that they will do. Sometimes when they say that this land belongs to a social family, that family, they might also have a standard family. The owner of the family leader might have like three or four wives. So this one, they say I'm the head of the family for family. I'm the head of the family for the, and both of them carry the same surname. So those are the things your lawyer will find out, OK, how many head of the family you people have there, who they will also need to carry, if possible they will carry the ballet or the game of that community. So it's not something you can do by yourself.  All right, but the next question would be, how does one protect himself from property developers who always claim to have all the requisite requirements and people actually buy, patronize, and get the land properties or even get outright property. And over time they found that these properties are not actually approved or they didn't really get due diligence from the government. How does an investor protect himself? Thank you very much. Legal status really help us with a lot of information. So before you pay for any property, there's a way you can take the copy of the document and go to allow such a comment. There's a certain amount of money that you pay for you to get the research on that particular property. Anyone can go by himself. You can go by yourself, you can send your lawyer. Recently I actually want to buy a mini estate, a standard estate. And the document they give to me is CFO. But after taking the document to allow us to confirm, I just call it truly the document is CFO, but they have an issue with the community. And the case is already at the court. So in the situation where I pay for that property and the community doesn't allow me to develop outside but it's CFO. So that's why you need to do your own findings. So invariably you have to, an investor has to look out for lander properties that actually into litigation, really. So that way you will not be paying and not even have the right to come build on. Yes. What about if you actually buy a plot from a supposed estate managed by a property developer, is it a CFO that will be given to you or what properties would you, or what document will be given to you to show that you have ownership to that particular document? If you are buying a property, you need to request for all the documents they have concerning that property, from their survey to the CFO. If they say they have a T-shirt, you have for the copy of the CFO. But I'm sure if they have CFO, they'll have CFO to cover the entire estate, not for a lot of lands. But even after having the CFO, you can see the old partner concept. Okay. For a particular portion. So it is not enough. After asking for the CFO, you have for the document, you get the copy and also take it to Alawsoa to go and confirm. Because a lot of them, they will just, maybe, you know, we have different, different departments in Alawsoa too.  But when you want to do a project, you actually need to do approval. But because they don't want to go with a normal processing, they'll be looking for a way to buy a plot or those things. So you need to confirm that, okay, the document they actually give to you belongs to that particular land and the house that you want to pay for as the genuine approval. Okay. You've done your due diligence. You've gotten approval and you've done your searches at the state government, the land bureau or whichever department the handle started.  So how do you go about securing it?  Okay. You can't just abandon your property. Even if you are not ready to build that, you can just put a mini-flavor. When you are in a developer state, they manage your property for you. In a developer state, they manage your property for you. Well, you know, we have a different type of property. So it depends on the kind of property you are buying. Okay. All right, so you buy from a developer state and then they manage all of that for you. But what if it is your own property and you are not building in the next month, what steps can you do to secure yourself? If you are not building in the next six months. Yes. What steps do you need to secure yourself? Yes, as to show that the below equipment on your land. You can put it to a fence on it. You can just to make sure that the property is secured. But I believe that as a next-state, they also have general security. But as a next-state, you are paying for that, maybe modeling service charge. All right, it is still a business inside some plus TV Africa. We're looking at real estate development, how you can actually secure to get in genuine properties. In the moment, we'll be back. We'll still have our guests with us. Don't go away. Welcome back. It's still business inside and plus TV Africa. We're looking at real estate development and the show today. And my guest is Babatundi Ademus. We are looking at how to secure your investment and then show that you don't get scammed. So, Babatundi, let's continue from where we start. Looking at all of this. Now, I say we want us to go back to what happened in the Qatar area of Lagos. Some people claim that they bought their properties genuinely. How could they have done it better so they don't end up the way they did right now and they don't end up crying? Well, thank you very much. Now, a lot of people are thinking that, babe, when I'm buying a house, I don't need to do any investigation because every document has already been secured. But you still need to do your duty just because the reason is that a lot of developers are looking for a way to cost. So, instead of having them to do the writing, they will look for a way to bribe all the other people that will have them to get their approval for them to build on a particular place. But the fact remains that that particular person is not going to stay in the office forever. So what another people call me, they will discover that that place is not the place that they're supposed to put buildings. What's supposed to be there, maybe turn out or whatever. So that is why you need to do your own duty just to actually know that this is the type of building that's supposed to be here. In Somalia, you're not supposed to do modern story building. In Somalia, you're not supposed to do modern bungalow. And in the places that are supposed to put bungalow, you're not going to put a two-story or three-story building there. So those are the things you need to check. There are some areas that are meant for commercial area. There are some areas that are supposed to be supermarket and you're putting buildings there. There are some areas that are in approved layout. So that's why sometimes you see buildings in Lagos and they claim to have approval from government and next you see a Lagos State Building Control Agency coming with their big red X. Yes, the reason is that when you have a particular, when maybe there's a particular community or a particular entity, there are so many things that are supposed to be there. Those people, they are going to have supermarket, they will have a recreational center or whatever. So sometimes because the developer wants to make money, where they're supposed to put a, maybe a hospital or where they're supposed to put a market, they will start putting building there. Sometimes it's not maybe because the land is not good, but what's inside the approver, that is the only one you're supposed to put there. So and there's some, when you do your sand search, there's some area that the country, the land cannot take more than two or three-story building. But because the land is expensive, so it takes, so you actually want to put a test to the building there. So those are the things we need to check before we pay for any building. It's not only land, any property that you want to buy because this is your hand-warning, so you need to actually do your research very well. Okay, as we run from this discussion right now, there are lots of building developers, not just in Lagos, across the country and over time they tell people that you can actually be a landowner in five years by making maybe instalments, making payments by instalments and maybe doing an outright payment once, then spread the rest for the next five years. There are lots of them and lots of people I encourage, but we've heard people who say that they've had to deal with unscrupulous developers.  We find that some things are just going to all right. You know, I'll say before, land is not toothpaste, as you can see, somebody do an advert for me online and I just want to pay. You need to check the property. You know, I have no leg of what you are paying for is very, very important. Because sometimes, you know, when it comes to land that can you document in legal states, they are not cheap. And you will know whether, if you want to do land banking, you should know that the land you are paying for is not going to be inside the community. So you need to check, is this water lot? Is it mixed land? Here there's not that, the problem, majority of them are having is because the land is water lot. They need to create access route for them to be able to allocate to you. What if the government come and do the route before they can allocate? Are you paid for five years? Government is not coming to that place yet. So it's not all of them that doesn't have land. Majority of them have land, but they cannot allocate to you now. Because the land is water lot. So you need to have idea of what to abide. The thing is that if you already know that it's a mixed land, it's water lot, you know that before I can be able to get access to my land will be the next 10 years. So even if you are not in Nigeria, you are in that, you should have somebody that can help you to check you and send the pictures. But I thank you so much. There's a whole lot that one needs to consider when one wants to acquire ownership of land and properties. And so I'm sure Nigerians have learned one or two things. We must say a very big thank you to you, Mr. Bobato, the Adamos of War, sharing all of this useful insight with us on the show today. You're welcome. All right. Just before we go, Nigerians and indeed Africans have been encouraged to harness and promote tailor-made solutions to cater to indigenous demands. This advice was given on the sidelines of a graduation ceremony for Nigerians who underwent training on semi-conductor design by Cheap Lab. Let's take details of that report. I'll see you again next time. My name is Justin Akadone. Many thanks for being a part of the show. The semi-conductor technology stands as a cornerstone for modern economies. And as such, investing in this domain could unlock substantial foreign exchange earnings through localized processing of raw materials and export of semi-conductor products. Olaf Adinro and Yen Chou are two visionaries who have pledged to redefine the landscape of technology in Africa and the extension of the world. With a Cheap Lab cohort, they have trained young Nigerians on Cheap Design. On the sidelines of the graduation, they speak more about their drive. So what we're doing is essentially bringing Nigerian Africa to the table to build the AI custom chips. And so it could be used to solve, we could create our own Nigerian chat GPT, for example, or different kind of applications. But there's also a huge amount of software developers who are having a hard time making a living. So in the Cheap development world, there's a huge global shortage of qualified skill. And the earning potential for that is massive. For example, our graduates, we're targeting that they'll be making 10x, 10 times what a normal graduate salary would be and that's life changing. Chairman of the Nigerian's Industrial Commission, Abike Dabir Erewa, is here to show the federal government's support. She gives insight on the enormous potentials Nigerians, both home and abroad possess, as well as what these feet means for the country. Nigeria will be exporting microchips to other parts of Africa. So we should support and encourage young Nigerians that are talented all over the world. So that's why we're here. And I believe in him. I believe in the young generation of Nigerians, both at home and in the diaspora, what we need to do is to encourage them. No doubt, this venture has the potential to stimulate job creation, elevate local contents development for the international community and also bolster a more resilient economic environment. They're looking to keep that talent here in Nigeria. That's kind of the intent behind the idea. And so I think by keeping the talent here in Nigeria will allow for any number of issues to be looked at, considered, and ideally solved. We want Africa to be the forefronters in building chips in this part of the world. And we want Nigeria to be the country leading that thing, leading it. So that's the reason why we decided, OK, let's start something that has to do with chip design. And also we want women, at least 60% of women, to be a part of this movement. Because if you know very well, women pay more attention to details because designing chips involves details. In all, the idea is providing a solution to the global skills shortage. As graduates of the academy would work with top microchips and semiconductor industries in the world.


You guys are saying that I'm always interviewing African-Americans, Caribbean without talking to Black Europeans. You know what? Like whatever you say, I hear you. So today I'm with Black Europeans. Are you Black European by the way? No, they think I'm lying to them. Are you Black European? Yeah, I was born in England. Wow. Nice to meet you. My name is Maya. Nice to meet you, Maya. Thank you, Maya. Juliet. Juliet. And what's your name? Sir. Sir. Yeah. Please, can I use my Ghanaian accent or the UK accent? Ghanaian. Okay. Now you're in the Gambia. Yes. What brought you to Gambia? Oh well, we've been coming here since 2011. We love Gambia. We love everything about Gambia. What's there not to love about Gambia? From the people, to the food, just to the environment, the ambience, just everything about Gambia makes you feel at home. And when you're here, you are home. Your spirit is connected to the very earth here and the culture. What is there not to love about Gambian culture?  When you're here, you are African. We are Africans born in England. However, we are Africans. And so it's nice to be reconnected. Let me get this clear. You're Africans born in England. Do you know that people are denying the fact that they're Africans born in England? Yeah, sure.  But you're an African born in Jamaica. And so we need to understand that and we need to get that concept. We need to be proud of Africa. Africa is the most beautiful place on the planet. I've been to 27 countries and I have been coming back every single year since 2011 till now. I said, I've got to live here. How can you not live in paradise? So you're trying to see Africa as a part? What without a doubt, without a doubt? You know, I've been saying this over and over again that I keep on seeing myself in paradise, you know, but people are saying, no, UK is paradise. You live in the UK. Crazy. Listen. You live in the UK and you decided to give away. You don't want it anymore to come and settle down with you. Why? What is the main reason behind it? The UK is not a nice place to live. I'll be honest with you. All these people that are trying to go the back way think again. It is not what you think it is. The UK, there are high levels of poverty at the moment, 14 million. Well, 14.3 million people live under the poverty threshold. In terms of homelessness, the density of homelessness is high. The only thing that saves England is if you like the benefit system. But other than that, England is an absolute dump. It's a dump. And London is a dump. You have small pockets of nice areas. As you do in every country. But for me, England is a dump. There are high levels of desanitation. There are issues around racism. Terrible, terrible, terrible racism. I mean, how can you live in a place where you're not wanted? How can you live in a place where you're not welcome?  You can't live your life like that. You cannot live.   Oh, come on. The people in here like you? They love me. She's so fine. For real, I'm loving this interview. I really did not expect this, but for real, we need to continue. This is not a 10-minute video. This will be an hour video. Let me know. This is very important for you telling me that the people in here love you.  They love you. I want to stress on that because this is something I really want people out there to know because a lot of people are saying that whenever they come to Africa I forget I'm not going to like that. Oh, listen. This is our home. We are black. When you come here, the first thing they said to me is welcome back to your spiritual home. That's what they said to me. I didn't get that when I went to Jamaica. I didn't get that when I went to America. I didn't get that when I went to Europe, Spain, France, Turkey, Portugal, Italy. I didn't get that when I went to Mauritius. I didn't get that when I traveled to Cuba. I didn't get that in all of the places that I've been. I didn't even get that in Tunisia, Morocco. I didn't get that when I went to Egypt. But I got that when I came back to the proper motherland, which I call black Africa.  You're not living in England. You're surviving. You're not even thriving. You're just about existing. And this is what we're doing. We're working to ourselves to death in England, literally. And the government are now trying to work harder for longer until 67 until you can retire. No. So many of my friends have died before they even got to my age because of stress and other illness, not eating good food, not breathing good air, not drinking clean water. This is the truth. This is the truth. Trinkets and technology don't make a society. People make a society. In Africa, you have what I call true community, true love, true bonding, true unity. And that's why I'm here. Wow. You can make a business here. You can make a business here and survive really well on that business. It's not like England where you can't even afford to open a shop. You can't even stock it. Here, you can open a business and you can survive. You can build a house. You can buy a piece of land for like £2,000 and build your house. Yeah? Build your house. Put a few thousand aside and build your own home. You've got no mortgage. Get solar. You've got no electric bills. You've got your own borehole. You've got your own water. Just go and buy a canister of gas. You're living. Wow.  Mama Africa... And you still don't own the land. You still don't own the land. The Queen owns the land. No. You know what? Like, I don't want you to live, you know? Because they only gave me 15 minutes to talk to you, but I really wanted to take this an hour interview. But before I let you go, this is very important for me. What is the message you're going to tell Africans who are looking for where to live the continent and go stay in somewhere like UK, you know, stay forever because there are people who are saying that I'm not going to stay in Africa forever. I'm just going to live my life, my best life in the UK. Do you have any message for this video? Because I definitely believe that you stay with people from Africa. Yeah. You know, together. Do you have anything you want to tell us? Oh, wow. In a nutshell, be very careful. Be very, very careful. I used to work in England ice to help homeless people. And unfortunately, a large percentage of those were actually from Africa, who got caught going the back way, so they can't claim, they can't do anything. So they sleep on the street. They sleep in shopping centres, sometimes grave yards. They have no food. Sometimes they're pulled into selling drugs and then they end up going into prison and then getting deported anyway or ending up in detention centres. Life is not good for them. I've even been to places where there have been like 10 people, 10 people from Gambia, including two people from Senegal, living in one small room in England and, you know, all sharing buying rice and, you know, trying to survive. It's not a nice life for them.  The tax trap is because people don't realise we have to pay tax even to watch television. We have to pay a TV licence. We have to pay a council tax. As well as paying our car tax, we then have to pay congestion charge as well as congestion charge. Transport is the most expensive that you have in England as well as tax on your levy on your fuel as well as VAT added extra tax, the value added tax on what you buy, every purchase that you buy. You also have capital gains tax. You also have your national insurance contributions. You also have so many taxes that it will take up the whole of this interview. So basically what I'm trying to say is it's a tax trap and that's why so many Africans, you never see them come back. They don't want to come back. They can't. They can't afford to come back.   They get caught in council homes or they get caught in the benefit trap and this is what happens and sometimes all the Africans might come with the best intentions. They also get caught in the trap. Brain drain. Africa really needs the brains.  We invented almost everything that made this society and every society on the face of the planet human. When I mean human, I mean as in toilets, sanitary, everything comes from Africa. The chair, the traffic light, the car, the computer, what is it we haven't created but our brains are going across. There are more, I think, doctors from Nigeria in LA than there are in Nigeria. Now, this is something that we have to address. The same with Ghana. We need to start keeping our resources and our human resources. Haven't we lost enough through slavery? They haven't paid reparations for slavery. We need to stop chasing their pounds and we need to start building the infrastructure of Africa. That is what is important here. So for me, Africans that are going to Europe are suffering terrible racism, terrible, terrible, terrible discrimination. I've seen it. I've seen African children suffer in schools. I've seen African parents suffer with their children in schools. I've seen them go through legal systems because they're discriminated at work so they lose their jobs. These are high-paid jobs that they might get. They're not in them for long because you're first in, first out. And this happens because the unconscious and conscious bias that happens within recruitment in England is alive and real. It is true. I have even as a person, as an African person the way I describe myself, had to sue my own employer in England and I was born there. So can you imagine, if I don't have an accent and I'm born there and I've had to go through that and I've had to go through terrible discrimination with both of my children. Terrible discrimination. That was even on the news in the press with my youngest son and my eldest son which became international news from Fox News all the way to ITN and ITV. At the end of the day what I'm saying to them is just be aware of what you're doing because your enemy is not your friend. They're only there to take out the best from you. Look at these young Garnian boys that invented a fuel from plastic bottles from waste. What do they do? They give them some kind of an invite to go to a university in America. Why? To take their ideas. They're not here to help build Africa they're here to exploit Africa and where they're going to help them exploit Africa further. So we have to really think twice before we go to build up their country we need to build up ours first. We need to build ours first and in order for us to build ours first we need both Africans in the continent and Africans in the diaspora you'll find our message for them. We need to come together. We need to unify. We need to come together. We need to unify. We have to we have to put our heads together. We have to put our resources together and we have to come together because you know I watched this film Black Panther and I watched Wakanda and I know that it's possible. And I also believe that it's possible. It's about time we come together and build Africa. Thank you so much Julien. This is the most powerful interview I've ever had and even if it's an hour I'm not going to finish watching it. Thank you so much. Thank you.


Let's get a fresh diagram. Exactly the same as before. How do we actually use it? Let's say we get the sentence Moo. We can already see that it starts with a capital letter and ends with a full stop. But let's run it through the automaton to see what happens. Beginning from the start state, which is 1, we take each character in turn following the transition for each one. The first character, M, is uppercase, so we follow the U transition to state 3. Then we have a lowercase O, so we follow the L transition, which loops around and back to state 3. Another lowercase O, so again we follow the L transition back to state 3. And lastly we have a full stop, so we follow the S transition to state 4. So we've gone through the string of letters and ended up at state 4. Remember from before that this is an accepting state because it has two circles. Since we ended up in an accepting state, the sentence Moo is accepted. It does indeed start with a capital letter and end with a full stop.


King Monata and his wife celebrate a huge milestone. King Monata made headlines a few years back for his unconventional home life, as he was reported to have two wives. He is said to have kicked the second wife out of his home, and now he is celebrating 10 years with his first wife. The malware he hitmaker recently took to Twitter to celebrate a huge milestone in his family life. He shared pictures of him with his wife Laredo Ramuella on a picnic together. He expressed gratitude for the decade they have been together and said he cannot wait to celebrate more decades together. Fans poured into his comments to congratulate him and his wife on their big milestone. It is not easy to live that many years with the same person and still have the same love and respect for them that you had at the beginning, possibly more. One lady do commented on his Instagram post, saying she has gained a lot of respect for him following that post. You have earned so much respect from me, most men change when they get things. I'm happy and proud of you may God continue to bless your union, she wrote. But a few fans were confused in his comments section. Just a few months ago, in November, he made a very sweet Instagram post wishing someone he loves a happy birthday. Now, he comes to celebrate 10 years with his wife, but it was not the same woman in both photos. What gives? They wondered. According to those who are more up to date with the singer's personal life, he has three wives. The one he posted about in November is the second one, Cynthia Leon. Just a few years back, King Monada was reported to have kicked her out of their house. Rumor had it that she had been nagging him about coming home late, which those around him felt was very impractical as he is a musician and a performer, and his job literally requires staying out late for gigs. Well, it looks like she came back at some point, and also like they have a child together now. He was also reported to have a girlfriend, who both his wives knew about. Did they have no problem with it? Many wondered, but King Monada tends to keep his family life largely out of the spotlight. As you can imagine, he has become an icon amongst his fellow men.