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Buhari: BDC Is A Scam And Drain To Nigeria - Business (3) - Nairaland

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Re: Buhari: BDC Is A Scam And Drain To Nigeria by MissingBudget: 8:32pm On Jan 29, 2016
He didn't blame GEJ, I don't think Buhari said that!
Re: Buhari: BDC Is A Scam And Drain To Nigeria by iykemoney90(m): 8:33pm On Jan 29, 2016
Kreamie:
Your middle name?
Guy dey ur lane...I know call your name, so don't quote me.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by piagetskinner(m): 8:33pm On Jan 29, 2016
Well I guess these steps are geared at overhauling the system that is already dead-corrupt... If there's any word like that

1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Seun(m): 8:34pm On Jan 29, 2016
coolsix:
He is right. A BDC will get dollar at N199(N205 max) and sell at N301. Is it fair? Scammers
Why.must the CBN sell it to them at 200 naira when the market price is 300 naira? Why should they sell at 200 naira when people are willing to buy for 300 naira?

It's like selling your car to someone for 50 naira and expecting him to sell it for 100 naira when it normally goes for 1 million naira. If the person does that it means the person is a fool. And nothing stops the person that bought it for 100 naira from selling it to someone else for 1 million naira. It's an outdated approach that doesn't work.

4 Likes 2 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by playtheblues(f): 8:35pm On Jan 29, 2016
Go to Onitsha main market and see the No of Igbos involved in BDC.

kennyman2000:
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.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by bizgai(m): 8:36pm On Jan 29, 2016
naijamark:
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.
yours is better just pray they don't show you there real colour, those guys in collaboration with our commercial banks are in for kill
Re: Buhari: BDC Is A Scam And Drain To Nigeria by tinsel: 8:37pm On Jan 29, 2016
Seun:
Why.must the CBN sell it to them at 200 naira when the market price is 300 naira? Why should they sell at 200 naira when people are willing to buy for 300 naira?

It's like selling your car to someone for 50 naira and expecting him to sell it for 100 naira when it normally goes for 1 million naira. If the person does that it means the person is a fool. And nothing stops the person that bought it for 100 naira from selling it to someone else for 1 million naira. It's an outdated approach that doesn't work.
Honestly, I don't know what to call you.

4 Likes

Re: Buhari: BDC Is A Scam And Drain To Nigeria by scachy(m): 8:37pm On Jan 29, 2016
tinsel:

My friend there is no country in the world government allocates dollar or any currency to BDC. Buhari is not banning BDC. They are allowed to source for there hard currency. What he is saying is that they will not be allocating any dollars to them .
You guys just talk without reasoning.

And it's only In Nigeria that one had to go to d Banks or to a particular market just to change or buy few currency notes.

Every other countries have BDCs on d streets that u don't v to go for miles to access them. And government gives a certain percentage of foreign currency to them y the source for the greater percentage. because they operate under Govt regulations
Re: Buhari: BDC Is A Scam And Drain To Nigeria by uboma(m): 8:37pm On Jan 29, 2016
The Northerns who have the monopoly when it comes to Bureau de Change wont be happy with this.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by yhygajo(m): 8:37pm On Jan 29, 2016
coolsix:
He is right. A BDC will get dollar at N199(N205 max) and sell at N301. Is it fair? Scammers

Do you know about the N35,000,000 that the CBN made each of the close to 4000 BDC pay without interest to the CBN? Nooo i doubt that
Re: Buhari: BDC Is A Scam And Drain To Nigeria by freddie2014: 8:38pm 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.

@NNACHUKZ....Lol..i owe you 3 kegs of palm wine! lol grin grin grin grin
Re: Buhari: BDC Is A Scam And Drain To Nigeria by Chukzyfcb(m): 8:40pm On Jan 29, 2016
Yes the bdc might be scamming us but to complain thhat they have increased from 74 to over 2,000 is crazy. Who grants them this license to operate? Isn't it the CBN? The licensing fee of 1m and annual renewal fee of 250,000 and application fee of 100,000, hasn't these monies increased the revenues generated so far for the CBN. Pls let's call a spade a spade. If buhari must criticize the growing numbers of BDC operators, then CBN must follow in the criticism for awarding them licenses to operate

1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by tellwisdom: 8:41pm On Jan 29, 2016
All those hausa people wey our politicians dey use siphon money. Sometimes, i wonder how and where these people get their funds from. Shege dam boroba angry
Re: Buhari: BDC Is A Scam And Drain To Nigeria by femi4: 8:41pm On Jan 29, 2016
MzPecs:

WICKED!!! gringringrin
your handwriting is poor
Re: Buhari: BDC Is A Scam And Drain To Nigeria by redcliff: 8:42pm On Jan 29, 2016
dammytosh:



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.

Bruh
Re: Buhari: BDC Is A Scam And Drain To Nigeria by kennyman2000(m): 8:42pm On Jan 29, 2016
playtheblues:
Go to Onitsha main market and see the No of Igbos involved in BDC.


But the nos of hausa's in bdc is higher than that of any other tribe.

2 Likes

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Kruzilano(m): 8:42pm On Jan 29, 2016
coolsix:
He is right. A BDC will get dollar at N199(N205 max) and sell at N301. Is it fair? Scammers
local banks buy at 199 4rm cbn nd sell at 305... Will u kal da scam? Mehn u aint gat anytin 2 say.. Shut d fvck up

2 Likes

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Adminisher: 8:43pm On Jan 29, 2016
This President is SWITCHED ON. Cluelessness has disappeared from Nigerian leadership for ever. In case you missed it, BDC's are mostly owned by northerners, yet Buhari is saying they should will not be subdized by government corrupt agencies and employees to weaken the Naira again. CHANGE is truly here

2 Likes

Re: Buhari: BDC Is A Scam And Drain To Nigeria by miqos02(m): 8:43pm On Jan 29, 2016
victorels:
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.
what?
Re: Buhari: BDC Is A Scam And Drain To Nigeria by Jdesilentkiller(m): 8:44pm On Jan 29, 2016
Seun:
Why.must the CBN sell it to them at 200 naira when the market price is 300 naira? Why should they sell at 200 naira when people are willing to buy for 300 naira?

It's like selling your car to someone for 50 naira and expecting him to sell it for 100 naira when it normally goes for 1 million naira. If the person does that it means the person is a fool. And nothing stops the person that bought it for 100 naira from selling it to someone else for 1 million naira. It's an outdated approach that doesn't work.
Dear sir, kindly go back to stealth mode before they disect this your lame analysis............I know your opinion counts but this is beyond buying groundnut and banana.

7 Likes 3 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by eyennyin: 8:44pm On Jan 29, 2016
One thing you can't take away from Buhari is that he is a Nationalist. I love him .

2 Likes 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by grandstar(m): 8:44pm 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.

Soludo used the BDC's effectively to liberalise the naira.During his time, the diferential between the official rate and the parallel market was about 2naira.People even stopped going to the CBN and they were even complaining.

Now its the complete opposite. The government will soon be the sole provider of forex.

Is that not a recipe for corruption they claim to be fighting?

You say a resource is scarce but you want to sell all at the cheapest possible price of 197!
Re: Buhari: BDC Is A Scam And Drain To Nigeria by AfroKnight: 8:46pm On Jan 29, 2016
Where are the frustrated wailers who said he only favours northerners? Most BDC's are owned and managed by northerners yet he didn't mind going against them. This man has risen above tribalism.

May God bless and lead PMB.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by brunofarad(m): 8:46pm On Jan 29, 2016
Ok
Re: Buhari: BDC Is A Scam And Drain To Nigeria by playtheblues(f): 8:47pm On Jan 29, 2016
It's not true. Go to the East and see for yourself. Don't stay in Sokoto and speak for the whole world.

kennyman2000:


But the nos of hausa's in bdc is higher than that of any other tribe.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by tplacid: 8:47pm 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.

And what would you say about a certain president that had a PHD and almost ran the country aground.

You can be educated and not intelligent

6 Likes 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Khan1993: 8:48pm On Jan 29, 2016
I hope those mallams accept their kismet and not join in the insurgency cos an idle hand is devil's workshop.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by LydayBobo(m): 8:48pm On Jan 29, 2016
TippyTop:


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.
I read the full report in Punch Newspapers where he said he will not devalue the Currency etc etc.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by Orikinla(m): 8:48pm On Jan 29, 2016
PMB no send anybody.
Even his closest aides dey fear to hear him cough.

Personally, I really don't complain, because I make dollars daily and I go to Eko Hotel in Lagos to buy and sell dollars.
The more dollar appreciates, the more money I make.

1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by ddippset(m): 8:49pm On Jan 29, 2016
tolexy007:

Lolz...that is too harsh
I wouldn't say harsh. Rather id call it a childish rant which my 10 year old nephew would venture.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by MzPecs(f): 8:50pm On Jan 29, 2016
femi4:
your handwriting is poor
If you're re referring to my dp, that's my student's notebook that I was marking.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by Olushauneddy(m): 8:50pm On Jan 29, 2016
They've tackled you badly which I'm very glad of. Who know your father for Nigeria?[i][/i]
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.

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