Wetin concern the poor Man wey never chop 3 square meal with this?

Adesiji77:
This is getting interesting...


CONTINUE READING HERE http://www.punchng.com/news/reps-summon-cbn-gov-over-dollar-deposits/ lalasticlala

Wanna metthord na CBN abu ne da yake sai rage kwaruption a Nageria...Allah shi taimaka mu na amin suma amin

J

Bevista:
It is rather unfortunate that the Honorable members do not understand the Central Bank policy. The Bank has not stopped legitimate foreign transfers like payment for school fees, medical bills, etc. What the bank has simply stopped is the dumping of physical dollars (cash) in the banking system.

If one needs to pay for anything abroad, just go to your bank and you will be issued with Form A or Form M for you to fill. Once you are done, the bank will tell you the prevailing exchange rate, which you will then pay in Naira and the bank will make the transfer for you in dollars.

The problem is that there is so much 'dollarization' of the economy. The CBN policy will force those who have Cash Dollars to proceed to the parallel market to exchange them for Naira thereby leading to a strengthening of the Naira in that market. The policy will also check illicit inflows and money laundering.

You are on point. How I wish our senators Wld come on here learn what this policy is all about

Nothing like medical bill Jare. Na because una no fit transfer stolen Nigeria fund u have changed to dollars. Let me become president you will see.

Good news

CBN needs to relax this policy. Its affecting the importing sectors of the economy.

BashMe1:
Hehehe, Life will be difficult 4 dem not 2 steal in dollars.

you have said it all, if not wetin concern Iya sikira concern dollar?

Some people are forming confused! When they know indeed why the CBN policy came up! Y'll can't camp the dollars anywhere, and no money laundering for now plus many more I suppose!!! Hehehehe....

Ezenwammadu:
This CBN man has to be the worst and most confused one in the history of CBN governor

The Worst CBN governor is Sanusi Lamido his policies killed a lot Small and Medium scale businesses

kenny987:


Thank you! I was just going to point out same thing. The way the issue of corruption is being bandied around in this country today makes it difficult for people to realise that there are legitimate businesses and concerns which must thrive. They won't and shouldn't be allowed to collapse because we are fighting corruption!

Nigeria is not an island, other countries and business counterparts are busy too. It is this private sector, properly harnessed and regulated that will bring about the growth and diversity in our economy as is so desired.

It's not about corruption rather than the strenght of naira to dollar... Lots of business are thriving cos of this which is very bad for our currency... Note: if Nigeria would be better we all have to make sacrifice...

Am optimist dat d first speakers are actually goin against d CBN policy on a bases of presonal intrest imagin dem bringin refrences of my broda say des he said we y it is so obvious dat des policy is 4 d benefit of des great nation of ours. So as u can see dose ones are just good 4 dat sit they are currently sittin on, we all are clamourin 4 change nw d change as come and some useless set in d lower chamber want to kick against it....! And as 4 Abdullahi I really apriciate ur comment u ar indeed an element of change..

GOD BLESS UR GREAT NATION
GOD BLESS UR PRESIDENT
GOD BLESS NIGERINS
APC change!!!!!!

Bevista:
It is rather unfortunate that the Honorable members do not understand the Central Bank policy. The Bank has not stopped legitimate foreign transfers like payment for school fees, medical bills, etc. What the bank has simply stopped is the dumping of physical dollars (cash) in the banking system.

If one needs to pay for anything abroad, just go to your bank and you will be issued with Form A or Form M for you to fill. Once you are done, the bank will tell you the prevailing exchange rate, which you will then pay in Naira and the bank will make the transfer for you in dollars.

The problem is that there is so much 'dollarization' of the economy. The CBN policy will force those who have Cash Dollars to proceed to the parallel market to exchange them for Naira thereby leading to a strengthening of the Naira in that market. The policy will also check illicit inflows and money laundering.

They understand perfectly but give priority to issues that affect them directly and personally

They are quick to talk about cases affecting them but pretend not to know what the whole country is going through.

Lol, na them dis new CBN policy go affect pass....awon oniranu ole jatijati!

Honourable house of reps members...in as much as we want to be in sync wit PMBs policies on reinventin da wheels, we have to put into cognisance dat alot of sacrifice has to be made....which i tink dis is one of such sacrifices.
.
Use a naira "dom" account or better stil get à VISA credit card or any of such credit cards for ur "sick rela(thieves) dat need transfer of money abroad....This card allows u to deposit d money in naira here in naija while ur médical attendee withdraws in any countrys currency dey reside...
.

Ezenwammadu:
This CBN man has to be the worst and most confused one in the history of CBN governor

He is doing a great job. The situation could have been worse. He is also planning for the expected rate increase in the US. Most of his policies will take time to work. The Forex ban on some imported items, ban on dollar bank accounts and the local production of crude oil, jet fuel and etc will increase our Forex. The CBN now needs the support of the NASS.

Bevista:
It is rather unfortunate that the Honorable members do not understand the Central Bank policy. The Bank has not stopped legitimate foreign transfers like payment for school fees, medical bills, etc. What the bank has simply stopped is the dumping of physical dollars (cash) in the banking system.

If one needs to pay for anything abroad, just go to your bank and you will be issued with Form A or Form M for you to fill. Once you are done, the bank will tell you the prevailing exchange rate, which you will then pay in Naira and the bank will make the transfer for you in dollars.

The problem is that there is so much 'dollarization' of the economy. The CBN policy will force those who have Cash Dollars to proceed to the parallel market to exchange them for Naira thereby leading to a strengthening of the Naira in that market. The policy will also check illicit inflows and money laundering.

See as you cool down, explain am for them but they won't understand.

Omotayor123:
Make I just dey observe on top this ugwu tree

Abeg shift for me, let me join you to observe.
But come, does Ugwu grow on trees?

BashMe1:
Hehehe, Life will be difficult 4 dem not 2 steal in dollars.

You dig?

ohenhen1:


He is doing a great job. The situation could have been worse. He is also planning for the expected rate increase in the US. Most of his policies will take time to work. The Forex ban on some imported items, ban on dollar bank accounts and the local production of crude oil, jet fuel and etc will increase our Forex. The CBN now needs the support of the NASS.

Chai, u really fall my hand for answering that myopic guy. Just imagine that kind of comment.

Adesiji77:


Thumbs up!

Cc: bjdon, kenny987

please can you print this your write up and address it to the house of assembly for them to understand? if they cannot understand a clear cute policy that will help to straighten our naira then what are they doing there anyway.. dem never start to dey talk wetin rily dey pain them from this policy...be like the policy hold dem for bad place.

bjdon:


You do not throw out the baby with the bath water.
Not all fx deposits are from looters, there are quite a lot of people who need to transfer FX for viable business or personal reasons, policy makers need to think carefully before implementing new policies.

Someone has already replied your post. But let me reiterate his point.

you can still get foreign currency for use. Just prove you have a legitimate claim and you would be granted your transaction.

The policy is a good policy. Even though it becomes stressful for some people to make some foreign purchases and they feel pains it'd make them seek local alternatives to the advantage of Nigeria. Plus it helps us stem the flow of our money by corrupt people. There really is nothing wrong with this policy.
Definitely a win-win scenario for Nigeria

Meanwhile, SNAIL-BABA and his family can fly freeeeely abroad for MEDICAL TREATMENT!

Anybody who sick among you should go to Nigerian hospitals for medication so you don't need to be convinced so far the policy favour the common people of the country. Beside what do our reps know self than sharing money

Make we dey watch dey go..

Emefiele is a confused man

Bevista:
It is rather unfortunate that the Honorable members do not understand the Central Bank policy. The Bank has not stopped legitimate foreign transfers like payment for school fees, medical bills, etc. What the bank has simply stopped is the dumping of physical dollars (cash) in the banking system.

If one needs to pay for anything abroad, just go to your bank and you will be issued with Form A or Form M for you to fill. Once you are done, the bank will tell you the prevailing exchange rate, which you will then pay in Naira and the bank will make the transfer for you in dollars.

The problem is that there is so much 'dollarization' of the economy. The CBN policy will force those who have Cash Dollars to proceed to the parallel market to exchange them for Naira thereby leading to a strengthening of the Naira in that market. The policy will also check illicit inflows and money laundering.

Bro u just made understand d policy better. Thanks a bunch!

The intension of the CBN governor is not for legitimate businessmen but rather the Nigerian politicians. that's why you see them panting on this issue.

[b][/b] the rule is accepted like me