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Nairaland Forum / Nairaland / General / Politics / War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy (31740 Views)
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Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by joel2288: 9:44am On Aug 03, 2015 |
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Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by grandstar(m): 9:53am On Aug 03, 2015 |
agabusta: This is not a PDP issue. The CBN 's policy flies in the way of sensible economic policies. Its ban n 41 products is insane. Emefiele is a good banker but a lousy economist. Central banking is a mixture of the 2 especially the economic side. The man s ruining the country |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Nobody: 9:57am On Aug 03, 2015 |
menxer: Abi? its PDP and their own bankers, it obvious they re broke.!! |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Papishi(m): 10:00am On Aug 03, 2015 |
I guess this is bad news for Yahoo-Yahoo boys too. 1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by 989900: 10:02am On Aug 03, 2015 |
To strengthen manufacturing, the federal government (not the central bank), I must admit, must fix power, improve roads and infrastructure, while the Central Bank of Nigeria (CBN) itself must lower interest rates to reduce the cost of capital. The problem here is that, it is the structural defects on the fiscal side that have forced the CBN Governor, Godwin Emefiele’s hand to take some rather drastic but long overdue measures to save our fast depleting foreign reserves. Unfortunately, this good intention has drawn attacks. http://www.thisdaylive.com/articles/is-the-economist-stupid-/215780/ We import fish, chicken, and toothpick to pick our teeth after dinning . . . ummm well planned. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by barbiegirl4luv(f): 10:04am On Aug 03, 2015 |
FrontPageLawyer: Lest I forget, have they (APC) ever requested for your trust or for u to believe in their change vision? 1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Intendy: 10:05am On Aug 03, 2015 |
princdebola201:my brother some people don't know how to read. everything to them is political when policies to progress the nation are gradually put in place. don't worry they will forever be behind. 1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by MT: 10:15am On Aug 03, 2015 |
Please can someone break this policy down using simple terms. Normally I source for dollar at high cost from the hausas, deposit it into my DOM and initiate a transfer to my merchant. Does it mean I can't do this again ?. If yes, I understand I can use mastercard (if it is still allowed by CBN) but not all merchants accept this window of payment (especially the chinese), so what else can I do ?. Then at what rate will the transaction be done, is it the CBN official rate or mastercard rate or what ?. On a curious note, how will those people dealing with the items that have been banned from sourcing for dollars from the CBN do their transactions, especially now that DOM is blocked ?. What will happen to the parralel market in the long term ?. Please let's leave politics out of this discource and let's concentrate on how this policy can benefit us and the nation. Anyone that brings PMB or Jonathan into this issue should be considered a political bigot. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Nobody: 10:59am On Aug 03, 2015 |
agabusta: I only read the first and last paragraph of your comment and concluded that you are a fool. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Arogunmasa(m): 11:04am On Aug 03, 2015 |
All these na cheaP propaganda. Did you read that part that says legitemate businesses can access the Forex market? The reforms have started bro, let's make it happen. Cheers! arm4u: 1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by agabusta: 11:17am On Aug 03, 2015 |
MasterMinister: why u dey abuse me na. You seem so pained. Are u among those adversely affecting the value of our naira? 6 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Arogunmasa(m): 11:22am On Aug 03, 2015 |
1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Nobody: 11:43am On Aug 03, 2015 |
noted Do you live in Akwa Ibom State? Do you relish the desire to own your own business with little start up capital and promising returns in investment? Do you hope to look into the mirror each morning and know you are talking to the boss? Are you enterprising?/Would you love to be? Do you have an aptitude for thinking out of the box? Then call or add me up on whatsapp 08085188110. You will be glad you did |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by sunnyeinstein(m): 11:57am On Aug 03, 2015 |
989900: Bros, dis policy is d 1st step in dat and so many oda good directions. I think we all knw dat banks and bureu de changes are partners in crime. They both rip us off our naira while arm-twistin dollars frm us so dat they can use in forex speculation to have more naira profits wc they use in enjoying their lives. If cbn closes all these illegal channels and monitors whia and who is buyin dollar and hw much it was exchanged (enter bvn) they'd be able to call d banks to order to sell d dollar at just above d cbn rate because beliv it or not, banks must make a profit! |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by blazetitov: 12:02pm On Aug 03, 2015 |
Exchange rate as at this morning is N215 to $1. PDP can cry me a river for all i care. this policy is here to stay! 3 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by blazetitov: 12:04pm On Aug 03, 2015 |
MasterMinister: Wetin dey pain you for body like dis? Pele ooo. No more dollar for rogue activities. Live with it or port to Togo! |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by bankylan: 12:24pm On Aug 03, 2015 |
...The future is bleak for Nigerian youths judging from comments on Nairaland. Youths are now repeating the mistakes of their fathers. The mental slavery in Nigeria is alarming! When able bodied men and women now believe it is their grandparents that will determine their future, then the future is not only bleak but a mirage. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Dbboy(m): 12:38pm On Aug 03, 2015 |
Am not a supporter of apc but I love this policy by the cbn. I was getting scared that we might see dollar at 350 to the dollar at this rate. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by adexpa(m): 12:40pm On Aug 03, 2015 |
policy against dollarisation is a way out of dollar slavery. Nigerians has in d past embraced dollar to d extent most of our big men dont even mention naira any more. This is a country where our currency is naira. It is neva d attitude of a developing nation to drop his own way of live n wear another country's own. Road to change. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by jmaine: 12:43pm On Aug 03, 2015 |
If this action will yield positive results . . . .I am all for it . . . . . . |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by mickey45: 12:51pm On Aug 03, 2015 |
ydass: Yes there are, these constant intrusions shd force them into thinking of import substitution. Even if it'll initially be at some discomfort to themselves. 1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by sunkoye: 12:52pm On Aug 03, 2015 |
Moment wen one big boy/man sprays u dollars for party and you u be like" bros....spray me naira too na" 2 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Dbboy(m): 12:52pm On Aug 03, 2015 |
vicadex07: How did buhari put it, don't get me wrong I love the policy but last time I checked CBN is an independent organ of govt, kudos should rather be given to emefele the CBN gov not buhari that isn't even aware of what is happening to the economy as a result of his sluggishness in choosing minister. 1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by BizBayo: 12:54pm On Aug 03, 2015 |
bayulll01: Really? Was it paypal? And through which bank? I need to know cos I want to pay some online fees too. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by double0seven(m): 1:01pm On Aug 03, 2015 |
In a way, I think this action is similar to what Buhari did when he was a military leader : he changed the Nigerian currency to frustrate those who have embezzled money and keep it in their houses. Only now things have changed, the medium for embezzling and stashing money at home now is in dollars. The medium for them to launder the money is in dollars. It seems Buhari is really serious about blocking all loopholes. Those that hundreds of thousands or millions of dollars of privately stashed dollars - the dollars are now trapped in Nigeria. This may bring some pain, but I think Buhari knows what he is doing. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by mickey45: 1:16pm On Aug 03, 2015 |
barcanista: That'll be a good step in the right direction, but an economic team does not a robust economy make. A good look at GEJ's last Economic team shd teach this lesson. There's no way his appointing the team will not be inundated with ethnic, religious, regional etc. You wonder why cement which is cheaper outside than in Nigeria was banned when Dangote was a key member of the team. Since profits come first to a businessman. If he'll need to clear some clutter before installing ministers. Then let him do it. Though might be apt to mis-interprete his "procastinations" as cluelessness too but one has to try to not believe he never had a comprehensive ministerial list prior to winning the elections. And that his moves so far are not real-time decisions. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by mickey45: 1:17pm On Aug 03, 2015 |
bankylan: You care to explain this your statement? |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by mickey45: 1:35pm On Aug 03, 2015 |
agriboom: Let's hope the banks (who I suspect to be complicit in this Naira-Dollar imbroglio) will be willing to play by the rules (albeit the reduction in free-money) this time around. It'll really help the economy. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by shepherdnoble: 1:45pm On Aug 03, 2015 |
Buhari or whatever he calls himself only wants to frustrate Igbo merchants buhh thank God in any blockade, there must be way. God is with us! |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Nobody: 1:51pm On Aug 03, 2015 |
I hope this policy will not prevent me from receiving the £4 million I won from the UK lottery I played last week |
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