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Nairaland Forum / Nairaland / General / Business / Forex Scarcity: Banks In Multi-million-dollar Racketeering (24662 Views)
Naira Hits N495/dollar As Forex Scarcity Lingers / Naira Appreciates As Manufacturers Lament Forex Scarcity / Emefiele: Forex Scarcity Bringing Out The Best In Nigerians (2) (3) (4)
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Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Nobody: 4:03pm On Feb 13, 2016 |
Iroh88: When pmb said we have high criminal tendencies, wailers were jumping up and down. I think the cbn governor needs to be fired, they are supposed to monitor this activities and report to the security agencies 1 Like |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by unite4real: 4:08pm On Feb 13, 2016 |
This fraud will continue until CBN is visited by EFCC |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Saved2Serve: 4:10pm On Feb 13, 2016 |
i think he released it too early... na now the whole country scatter laurel03: 1 Like |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by grandstar(m): 4:11pm On Feb 13, 2016 |
sholatech: So true 1,000,000,000 likes 3 Likes |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Dikechigozie: 4:12pm On Feb 13, 2016 |
The financial and economic policies of this administration is standing on its head. No sound, clear, and articulated policy inview without covert consequences. 2 Likes |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Lanrelorry: 4:13pm On Feb 13, 2016 |
GTB is a great culprit in this area.. I had a very annoying experience using my Naira MasterCard for an online transaction.. I don't know how long this will continue but this is killing entrepreneurs!! |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by grandstar(m): 4:13pm On Feb 13, 2016 |
ijustdey: Buhari and his bankrupt policies are to blame. 1 Like |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by ngoziama: 4:15pm On Feb 13, 2016 |
dre11: |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by ngoziama: 4:17pm On Feb 13, 2016 |
Saved2Serve: Supporteddddddddd ohhhhh. Its high time we imported brains for these so called leaders. Habaaaaa change 1 Like |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by ngoziama: 4:18pm On Feb 13, 2016 |
Obiagelli: Where is SOLUDO |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by excellentmomma(f): 4:25pm On Feb 13, 2016 |
youngalex: The CBN gov himself is involved with the racketeering, and benefitting using his cronies, the bank executhieves. Pray tell, why all the anti-people bank policies he has been introducing, bank maintenance fees, atm withdrawal charges etc. Why does he approve the fx to the banks, why not deal with the importers directly thru their banks, an advanced form of the retail Dutch he abolished, 1 Like |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by ngoziama: 4:25pm On Feb 13, 2016 |
Obiagelli: Buhari you need to detribalise your mind and bring in best brains to help you otherwise history will write your name in a black book. This is qqwhy I respect obj, he has eyes for the best. Buhari bring soludo ohhh.forget biafra or igbo now .all we want is a better nigeria and if that is what you want then do the needful.Dont allow hungry nigerians to fast and pray for you.if they do honestly it will hunt you down. 1 Like |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Nobody: 4:31pm On Feb 13, 2016 |
Iroh88: Arresting and molesting the opposition! 1 Like |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by olajizz01(m): 4:31pm On Feb 13, 2016 |
youngalex:you proffered very reasonable solution,the CBN shouldn't wait until formal complaint were lodged,they should monitor these fraudulent banks to logical conclusion. |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Nobody: 4:33pm On Feb 13, 2016 |
omolola15: You bought a software while there is something called TORRENT!!! |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Melkizedek(m): 4:36pm On Feb 13, 2016 |
hustla:Stories that touch. You guys have been burning thieves on the street for decades, has that stopped theft? |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Parcks(m): 4:36pm On Feb 13, 2016 |
It's so painful that a policy that was put in place to protect our very own naira is now being exploited by financial scoundrels. I must say that the buck stop right at CBN's door. Why, for heaven sake will you sell 'limited dollars' to the banks without bothering to know how it is being used. I sense emefiele and his cohorts are principal suspects in this mess. They need to be investigated ASAP! EFCC, over to you. |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by truthspeaks: 4:40pm On Feb 13, 2016 |
Nothin will hapn. By nw u shld our laws n policies favor d elite n thr z nothin govt can do abt it. Not even d ever-travelling buhari n his confused govt. Havnt u noticed dat even d Cbn z confused. hyperflex: 1 Like |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by pastormellanby: 4:40pm On Feb 13, 2016 |
If the problems had been resolved from the onset the loop holes will not be there, if you continue to import without producing then naira will continue to fall, if you like critize the present government for the fall in naira and also fall in oil prices from morning till night the economy will remain the same, people are looking for magicians to correct the wrongs of many years, you are on your own 2 Likes |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by blackpanda: 4:43pm On Feb 13, 2016 |
INTROVERT: This is the main problem with nigeria. You complain in silence, you want justice just as long as its favourable to you and your relations. Smh. Well, enjoy the pains then! 1 Like |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by omolola15(m): 4:44pm On Feb 13, 2016 |
prince3009: Believe me if there's a torrent for it I wouldn't have bought it. Me wey I be master of cheat, i don't waste my money like that. Sorry I didn't buy the software. I subscribed. And i really really need it. |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by blackpanda: 4:44pm On Feb 13, 2016 |
Melkizedek: Which decades When u had a president that said stealing isnt corruption? Puhleeeeese! |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Nobody: 4:46pm On Feb 13, 2016 |
ngoziama:I belive he is around |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by masseratti: 4:54pm On Feb 13, 2016 |
Devaluation is not the answer but total cancellation of official rates,let the cbn stop selling dollars to the banks totalling,let the naira be priced on a level playing field,the official rate of the naira is the same thing with fuel subsidy,its doing.more damage than good to the ecomomy.we can hold our foreign reserve in dollars but do all business in Naira,Banks should source for dollars just like everyone does,just because Mr A have a licence of a bank shouldnt mean he should be sold dollars by cbn on different rate than Mr B,this is what the system is right now,once the system.is free and fair Nigerian will start exporting and importation will go down.official devaluation is a fraud,cancellation of the official rate is the only way out. 2 Likes |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Nobody: 4:55pm On Feb 13, 2016 |
omolola15: Can u give me details of what it was if you don't mind! |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Jacko1(m): 4:59pm On Feb 13, 2016 |
This is bad all this banks claim to be built on principles. See me a former firstbanker dem drill us on gud practices but see wat they doing. Because they now know they are only source of forex.... Cbn do something |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by chigoizie7(m): 5:00pm On Feb 13, 2016 |
ijustdey: It has not my dear. But when d actions of the banks are not checked, the final consumer pays for it. If he wants to buy raw materials, and he is cheated, he will simply pass it down to the final consumer. If he wants to but finished products and he is cheated, he will simply pass it down to the final consumer and make more profit. If they want to buy equipment, and they are cheated, the final consumer will suffer it. He certainly can not sell below the cost price or cost of production, The Govt aim is not being achieved, the poor masses will suffer it. What is d work of the Govt if they make a rule and not get a task force to make sure the rules stand? To me, it is incompetency. |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Reference(m): 5:01pm On Feb 13, 2016 |
INTROVERT: When I say structure is the most important thing in Nigeria people say it is corruption. Can we see how poor, bad structure CREATES corruption. See how bad structure destroys what would be ordinary hardworking men and women looking to make a honest living. When Buhari says everybody is corrupt he is right by half a measure. Yes they are but sensible people ask, but what makes them and makes them so liable, vulnerable. Of course, the system they perpetuate, the system a.k.a status quo that selfishly needs to be upheld in the interest of certain people. We are just wasting our time with this so called ' corruption war', playing the same game. Buhari will have to build prisons on every street to contain Nigerians. Mrs. Kemi alluded to 23,000 'ghosts' working for the Feds....just add spiritual prisons with angelic warders to her payroll. 1 Like 1 Share |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Melkizedek(m): 5:02pm On Feb 13, 2016 |
blackpanda:OK I am guessing you're one of Aisha Rice Eaters Association (AREA) member..for you to pretend not to know that humans have been getting burnt with tires all over Nigeria for decades..from Lagos to Aba..sharia faithfuls in the north have been decapitating thieves for years..instead of clamouring for a stronger institutions and a better bias free constitution you are here agitating for human killing.. Abeg swerve! 1 Like |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Reference(m): 5:04pm On Feb 13, 2016 |
sholatech: Devaluing the naira is not in their interests...the owners of Nigeria. If he does that they will remove him. The status quo must be maintained, so they will. |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by davide470(m): 5:07pm On Feb 13, 2016 |
INTROVERT:Very True. But with this new ban on Overseas school fees by CBN, they have spoilt one side of the lucrative business for "Awon boys". |
Re: Forex Scarcity: Banks In Multi-million-dollar Racketeering by Nbote(m): 5:11pm On Feb 13, 2016 |
Na their plan jare. D ban was obviously going to lead to a shortage and banks were always going to capitalise on it. Both the CBN, banks and finance ppl are all in on it. Make dem dey lie for demselves say dem dey lie for us. And some hopeless mofos would still find a way to blame GEJ.. |
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