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Buhari: BDC Is A Scam And Drain To Nigeria - Business - Nairaland

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Buhari: BDC Is A Scam And Drain To Nigeria by Adesiji77: 9:45am On Jan 29, 2016
President Muhammadu Buhari has rejected calls for the resumption of the sale of foreign exchange to Bureaux de Change (BDCs), describing the Bureau de Change business as a “scam and a drain on the economy”. “We had just 74 of the bureaux in 2005, now they have grown to about 2,800,” President Buhari said at an interactive session.

http://businessdayonline.com/2016/01/bdcs-now-a-scam-and-drain-to-nigeria-buhari/

14 Likes 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by kennyman2000(m): 9:49am On Jan 29, 2016
Northerners are the ones who're into BDC. Buhari isnt supposed to stop sales of forex to them based on the fact of northerners caucus things but he STOPPED THE SALES.
with this. I can confidently say, Buhari mean well for Nigeria as a whole.

God bless the federal republic of Nigeria.
God bless president Buhari.


Check my signature for ur customised wristband.

428 Likes 29 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by nnachukz(m): 10:15am On Jan 29, 2016
What does he know about economic activities? Remember he failed maths and economics in the WAEC result awarded to him by his Principal. To him everything he doesn't understand is a scam and corruption.

97 Likes 5 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Nobody: 1:00pm On Jan 29, 2016
He is right. A BDC will get dollar at N199(N205 max) and sell at N301. Is it fair? Scammers

194 Likes 16 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by ZACHIE: 8:18pm On Jan 29, 2016
nnachukz:
What does he know about economic activities? Remember he failed maths and economics in the WAEC result awarded to him by his Principal. To him everything he doesn't understand is a scam and corruption.
You that you know so much, has your Knowledge ended endemic poverty around you?

All these I-Too-Know busy bodies should spare us their truckload of BS.

333 Likes 22 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by iykemoney90(m): 8:18pm On Jan 29, 2016
Dullapo

16 Likes 2 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by dammytosh: 8:18pm On Jan 29, 2016
nnachukz:
What does he know about economic activities? Remember he failed maths and economics in the WAEC result awarded to him by his Principal. To him everything he doesn't understand is a scam and corruption.


You passed yours but nobody sabi u.

Any small issue is an opportunity to vent your anger without thinking at all.

I will give up my A1 in Mathematics and Economics to be both a Military Head Of State and Civilian President in your life time.

and yes i had A1 in Physics, Economics and Mathematics WAEC can come and take it in exchange for that.

301 Likes 25 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by justmenoni: 8:18pm On Jan 29, 2016
grin grin grin
coolsix:
He is right. A BDC will get dollar at N199(N205 max) and sell at N301. Is it fair? Scammers

3 Likes 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by UnknownT: 8:19pm On Jan 29, 2016
All malam to him kettle. All these "Dollar Gold " for Rumuola go reduce undecided

8 Likes 2 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by MzPecs(f): 8:19pm On Jan 29, 2016
nnachukz:
What does he know about economic activities? Remember he failed maths and economics in the WAEC result awarded to him by his Principal. To him everything he doesn't understand is a scam and corruption.
WICKED!!! gringringrin

15 Likes 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by BankManager(m): 8:19pm On Jan 29, 2016
Mr President should SWITCH OFF THE
CAMPAIGN MODE & SWAP TO GOVERNANCE
MODE to fix the numerous problems facing
Nigeria..
People have often said, if Buhari had not been
overthrown, 'Buharinomics' would have saved
Nigeria. Thankfully our dear President has 4 years to prove it...

19 Likes 2 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Acidosis(m): 8:19pm On Jan 29, 2016
Buharinomics cheesy

1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by ERAKAMUS: 8:19pm On Jan 29, 2016
Enor concern me na Abo.ki dey Change money him blodas dem.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by tolexy007(m): 8:19pm On Jan 29, 2016
wetin he sabi?
Re: Buhari: BDC Is A Scam And Drain To Nigeria by Nobody: 8:20pm On Jan 29, 2016
Really.

Every form of business is a scam. The government is shouting because they are not the ones benefiting from it.

Central bank should take control of all e-transactions in Nigeria and push visa card and mastercard out of operation in Nigeria so that they can be able to track every transactions made for international purposes.

1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by tolexy007(m): 8:20pm On Jan 29, 2016
nnachukz:
What does he know about economic activities? Remember he failed maths and economics in the WAEC result awarded to him by his Principal. To him everything he doesn't understand is a scam and corruption.
Lolz...that is too harsh

3 Likes

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Elerineye01(m): 8:20pm On Jan 29, 2016
Maybe, Maybe not...
Re: Buhari: BDC Is A Scam And Drain To Nigeria by adeememman(m): 8:20pm On Jan 29, 2016
make the yeye dollar just come down from the skyscraper it went.

3 Likes 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by 4nobody4every1: 8:20pm On Jan 29, 2016
cool
Re: Buhari: BDC Is A Scam And Drain To Nigeria by Nobody: 8:20pm On Jan 29, 2016
The biggest scammers are Mastercards and Visa. Those guys are sipping tea in their American office robbing us blue-black with the help of their partners in crime, Nigeria banks. On Monday I was charged 400 Naira to £1 on a POS, not even ATM so no transaction charges.

14 Likes 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Ask4bigneyo(m): 8:20pm On Jan 29, 2016
.

1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Daniel058(m): 8:20pm On Jan 29, 2016
@ the bolded , SECONDED
nnachukz:
What does he know about economic activities? Remember he failed maths and economics in the WAEC result awarded to him by his Principal. To him everything he doesn't understand is a scam and corruption.

7 Likes 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by datola: 8:20pm On Jan 29, 2016
Yes o.

But wait o, is Buahari also waging war against his own malams who are BDC operators?

This is the Julius Nyere of our time.

God bless PMB!

35 Likes 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Whizkeey(m): 8:20pm On Jan 29, 2016
Okay....
Re: Buhari: BDC Is A Scam And Drain To Nigeria by RedCapChief(m): 8:20pm On Jan 29, 2016
Whether the BDCs are a scam is a debatable point.

What is actually worrying is how Buhari seems to have taken charge of making technical decisions about our economy. I stand to be corrected, but he doesn't have any qualification in economics/finance or any allied discipline.
The other day, he was quoted as not being "convinced about the benefits of devaluation." I don't know if he has the technical skill to make the understand financial jargon. If it was Emefiele that was not convinced, that is understandable as he is a professional. But Buhari??

16 Likes 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by kekakuz(m): 8:21pm On Jan 29, 2016
Clear

1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by TippyTop(m): 8:21pm On Jan 29, 2016
We had just 74 of the bureaux in 2005, now they have grown to about 2,800,” President Buhari said at an interactive session.

Can someone post the full report of the interaction.

Lets watch Bubu fumble through another interactive section. I bet APC are hiding the full report.

4 Likes

Re: Buhari: BDC Is A Scam And Drain To Nigeria by 4peace(m): 8:21pm On Jan 29, 2016
nnachukz:
What does he know about economic activities? Remember he failed maths and economics in the WAEC result awarded to him by his Principal. To him everything he doesn't understand is a scam and corruption.

Frustrated Being

24 Likes 2 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by okezed: 8:21pm On Jan 29, 2016
In the word of a wrestler by name king Barrett "I got a bad news"!!!!

1 Like 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by eleko1: 8:21pm On Jan 29, 2016
.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by aare07(m): 8:21pm On Jan 29, 2016
T
Re: Buhari: BDC Is A Scam And Drain To Nigeria by kemasdaniel(m): 8:22pm On Jan 29, 2016
I done hear....

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