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SUKOK -the Economic Front Of Your Subjugation Has Just Began - Politics - Nairaland

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SUKOK -the Economic Front Of Your Subjugation Has Just Began by FeloniousFelon: 9:29am On Sep 21, 2017
Why Sukok bond is a terrible thing

A business man can walk into any commercial bank armed with all necessary paper work and get a loan.

It's that simple.

A conventional commercial bank is only interested in you repaying the loan and interest.

The commercial bank will not be a part of your company.

They will not own any equity in your venture and neither will they partake in any form of profit sharing.

The interest rate in Nigeria can be a b!tch but other than that you are rest assured that your business is yours only.

Now consider the Sukok loan.

The Sharia bank will have a share of your company and will partake in profit sharing.

When Buhari took a loan from his Arab masters, he inadvertently sold us to them.

A huge tranct of that loan gotten from the middle-east went into oil and gas exploration.

That means under the Sukok arrangement, Saudi Arabia owns shares in Nigeria oil sector.

Now, lets fastfoward the clock a bit...

In the not so far distant future, commercial banks will be discarded in prefrence of sharia banking.

Now, lets assume as a Kafur like myself you intend to venture into pig rearing and are badly in need for some cash.

Do you think, the Sharia bank will extend you a faccility?

Don't you think it will go against their sharia code to invest in such a haramic venture?

It doesn't stop in piggery but practically any other venture that they will deem un-Islamic.

They have succeeded on the Political, Military and Legal fronts and now they are about to hit you hard with this economic warfare.

Don't be fooled.

7 Likes

Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by 7lives: 10:35am On Sep 21, 2017
Rubbish post.
So world Bank and IMF will only ask for interests and loan payments, you are indeed a learner.
The reason Buhari was overthrown in 1984 was because he refused IMF loans due to their anti human conditionalities.
Buhari's exit made it possible for IMF and co to fleece Nigeria, that was the origin of the rubbish that the NAIRA is today.
The fleecing did not stop in Nigeria, it went all over Africa and that was how Africans begins to labour under the yoke of foreign debts.
I know your problem is because this loan is coming from the Arabs, if you get a job that could turn your life around from a Muslim, REJECT it ' cause I know others will take it.
LIARS, why are Nigerian Churches setting up branches in Dubai?, are they not afraid of being Islamized?.

5 Likes

Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by FeloniousFelon: 10:51am On Sep 21, 2017
7lives:
Rubbish post.
[s]So world Bank and IMF will only ask for interests and loan payments, you are indeed a learner.
The reason Buhari was overthrown in 1984 was because he refused IMF loans due to their anti human conditionalities.
Buhari's exit made it possible for IMF and co to fleece Nigeria, that was the origin of the rubbish that the NAIRA is today.
The fleecing did not stop in Nigeria, it went all over Africa and that was how Africans begins to labour under the yoke of foreign debts.
I know your problem is because this loan is coming from the Arabs, if you get a job that could turn your life around from a Muslim, REJECT it ' cause I know others will take it.
LIARS, why are Nigerian Churches setting up branches in Dubai?, are they not afraid of being Islamized?.
[/s]

As the coup party was advancing to State House to encircle and capture Shagari, another convoy of Military soldiers headed to CBN.

The coupist withdrew huge sums of cash and also wired forex to their CIA backers!.

No western govt kicked against the Buhari-Idiagbon coup of December, 1983.

Buhari's was specifically requested by Langely to head the Military junta. This came as a result of his highly co-operative stance in perpetuating one of the greatest heist on our collective wealth with the Missing oil money scandal that came to be a hallmark of the highly corrupt Obasanjo regime.

His role was specifically to ensure prompt payments of debt owed back to western banks.

He built nothing and brought hardship and recession with his almost religious obsession to clear backlog of loans.

Thatcher loved him for it because Nigeria's debt repayments couldnt have come at a better time for the UK which was facing one of it's worst economic crisis ever.

1 Like

Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by dodelight(m): 11:11am On Sep 21, 2017
7lives:
Rubbish post.
So world Bank and IMF will only ask for interests and loan payments, you are indeed a learner.
The reason Buhari was overthrown in 1984 was because he refused IMF loans due to their anti human conditionalities.
Buhari's exit made it possible for IMF and co to fleece Nigeria, that was the origin of the rubbish that the NAIRA is today.
The fleecing did not stop in Nigeria, it went all over Africa and that was how Africans begins to labour under the yoke of foreign debts.
I know your problem is because this loan is coming from the Arabs, if you get a job that could turn your life around from a Muslim, REJECT it ' cause I know others will take it.
LIARS, why are Nigerian Churches setting up branches in Dubai?, are they not afraid of being Islamized?.
I think you are the actual FOOL and LIAR here! Does the IMF loan has any religious reservations on whatever good business you want to do? Think Again!

2 Likes

Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by slimtoney(m): 11:46am On Sep 21, 2017
dodelight:
I think you are the actual FOOL and LIAR here! Does the IMF loan has any religious reservations on whatever good business you want to do? Think Again!

What is your bone of contention. Is your stress the religion, or the business and the benefit of this SUKOK, if u are such a bigot, why not encourage CAN to channel their energy towards establishing a xtian banking system that will benefit people instead of embarking on divisive strategies they are known for.

If all u support is the exploitative tendencies of ur faith, then u are only being mischievous. It is better to compete favourably over good innovations than to always see the negatives in every move made by others.

Meanwhile, u are not smart enough to see that the church has left its duties of evangelism and has embrace in all ramification the building of business empires worldwide, making huge money without impacting on the lives of its followers.

All that is going on in ur programmed mind and brain is Islamisation agenda. Meanwhile there are many big and beautiful churches and synagogues built in Islamic countries and the muslims there are not crying wolf over christianization e.g Ivory coast, Turkey, Tunisia, Morroco etc. Hypocrites!!!

2 Likes

Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by FeloniousFelon: 11:59am On Sep 21, 2017
slimtoney:

[s]
What is your bone of contention. Is your stress the religion, or the business and the benefit of this SUKOK, if u are such a bigot, why not encourage CAN to channel their energy towards establishing a xtian banking system that will benefit people instead of embarking on divisive strategies they are known for.

If all u support is the exploitative tendencies of ur faith, then u are only being mischievous. It is better to compete favourably over good innovations than to always see the negatives in every move made by others[/s].
Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by 7lives: 1:37pm On Sep 21, 2017
FeloniousFelon:
[/s]

As the coup party was advancing to State House to encircle and capture Shagari, another convoy of Military soldiers headed to CBN.

The coupist withdrew huge sums of cash and also wired forex to their CIA backers!.

No western govt kicked against the Buhari-Idiagbon coup of December, 1983.

Buhari's was specifically requested by Langely to head the Military junta. This came as a result of his highly co-operative stance in perpetuating one of the greatest heist on our collective wealth with the Missing oil money scandal that came to be a hallmark of the highly corrupt Obasanjo regime.

His role was specifically to ensure prompt payments of debt owed back to western banks.

He built nothing and brought hardship and recession with his almost religious obsession to clear backlog of loans.

Thatcher loved him for it because Nigeria's debt repayments couldnt have come at a better time for the UK which was facing one of it's worst economic crisis ever.


Another Liar on the loose, so what was the reason behind UK Nigeria face off during that period?.
Continue to deceive yourself, your pain is IMMEASURABLE, and it shall soon become UNLIMITED.
Since you are so PAINED why not CONVINCE CAN to set up an interest free loans for Christians in the country, abi na to dey wail up and down be the solution?.
They will not help, they still won't allow people to source for help elsewhere, AGENTS OF DARKNESS masquerading as Christians.
Any Christian who fall for lies like yours is on OYO, na who CAN help, you self na who you don help.
Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by FSBoperator: 2:02pm On Sep 21, 2017
7lives:


Another Liar on the loose, so what was the reason behind UK Nigeria face off during that period?.
Continue to deceive yourself, your pain is IMMEASURABLE, and it shall soon become UNLIMITED.
Since you are so PAINED why not CONVINCE CAN to set up an interest free loans for Christians in the country, abi na to dey wail up and down be the solution?.
They will not help, they still won't allow people to source for help elsewhere, AGENTS OF DARKNESS masquerading as Christians.
Any Christian who fall for lies like yours is on OYO, na who CAN help, you self na who you don help.

Buhari overstepped his boundaries with the attempted abduction of Umaru Dikko.

1 Like

Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by 7lives: 2:57pm On Sep 21, 2017
FSBoperator:


Buhari overstepped his boundaries with the attempted abduction of Umaru Dikko.


Thank you, Dikko stole 2 billion dollars from Nigeria and the British government refused the extradition request by the Buhari led government.
Only the truth can set this country free, the reason Buhari government was toppled then, was the reason Buhari is still being demonized TODAY.
Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by FSBoperator: 2:58pm On Sep 21, 2017
7lives:


Thank you, Dikko stole 2 billion dollars from Nigeria and the British government refused the extradition request by the Buhari led government.
Only the truth can set this country free, the reason Buhari government was toppled then, was the reason Buhari is still being demonized TODAY.

crap.

Then what of the $4bn missing NNPC money that Buhari and Obasanjo stole ?

1 Like

Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by 7lives: 4:16pm On Sep 21, 2017
FSBoperator:


crap.

Then what of the $4bn missing NNPC money that Buhari and Obasanjo stole ?

Why not explain how $20bn got missing under GEJ, abi no be under the same sun?.
We are discussing Sukok you are digressing, so $4bn allegedly stolen by Buhari and Obasanjo is the reason you are here wailing Sukok?

1 Like

Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by FSBoperator: 4:17pm On Sep 21, 2017
7lives:


Why not explain how $20bn got missing under GEJ, abi no be under the same sun?.
We are discussing Sukok you are digressing, so $4bn allegedly stolen by Buhari and Obasanjo is the reason you are here wailing Sukok?

pathetic liar.

Which $20bn?

Obviously you have never made a dime in your life because if you had you will know how to quantify money.

2 Likes

Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by 7lives: 7:59am On Sep 22, 2017
FSBoperator:


pathetic liar.

Which $20bn?

Obviously you have never made a dime in your life because if you had you will know how to quantify money.


Post this rubbish on Facebook and see what Nigerians will do to you.
Sanusi the former CBN Governor raised alarm concerning this and almost paid with his life.
Even if your likes tried to wish this issue away, Nigerians and the internet will NEVER forget.
Let us still focus on the topic " Sukok ".
Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by RomeSankara: 8:11am On Sep 22, 2017
7lives:
Rubbish post.
So world Bank and IMF will only ask for interests and loan payments, you are indeed a learner.
The reason Buhari was overthrown in 1984 was because he refused IMF loans due to their anti human conditionalities.
Buhari's exit made it possible for IMF and co to fleece Nigeria, that was the origin of the rubbish that the NAIRA is today.
The fleecing did not stop in Nigeria, it went all over Africa and that was how Africans begins to labour under the yoke of foreign debts.
I know your problem is because this loan is coming from the Arabs, if you get a job that could turn your life around from a Muslim, REJECT it ' cause I know others will take it.
LIARS, why are Nigerian Churches setting up branches in Dubai?, are they not afraid of being Islamized?.

Please stop all these lies you people have pushed for too long ..Buhari's removal had nothing to do with his refusal of any IMF loan but as a result of his poor choice in governance decision that would see the Nigerian economy slip daily from the most prosperous when he took over to zero by the time he was overthrown ..Buhari poor decision were responsible for the value the naira lost and not IMF ..today those same decision were responsible for the recession and poor naira value and not Low oil prices as a deceptive Buhari will make you believe ..Truth be told Buhari is a socialist masquerading as a Democrat .
Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by Rawani: 8:34am On Sep 22, 2017
To put it lightly, this OP is a divisive and deceitful liar.

Who said in the near future commercial banks will be phased out in preference for "sharia banks"?

You are talking about a SUKOK Bond, why are you comparing it with a bank loan and drawing analogies with an individual getting a loan from a bank, when you know Bonds are a very different thing, and are essentially a way for Government to raise funds for projects by issuing them out to subscribers who intend to earn interest (which is forbidden in Islam) when the bonds mature?

Did you highlight the fact that SUKOK bonds are essentially a way of allowing those interested in subscribing to government bonds but restricted by their beliefs from doing so because of the interest earning factor? Did you highlight the reality that the bonds actually allows the government access to a larger pool of investors, hence more finance for governance?

Finally, did you tell those you intended to fool that the US, UK and other secular countries also offer SUKOK bonds?

I'm not a Muslim but the raw deceit being exhibited here is just nauseating.

2 Likes

Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by TylerDurden: 10:38pm On Jun 30, 2018
bump
Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by uba1991: 1:29am On Jul 01, 2018
i now understand that wailers av nothing to campaign rather than using religion and ethnicity.God is with buhari and nobody can stand against him
Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by FeloniousFelon: 8:57am On Sep 29, 2020
They now own NNPC LTD.
Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by FeloniousFelon: 9:03am On Sep 29, 2020
uba1991:
i now understand that wailers av nothing to campaign rather than using religion and ethnicity.God is with buhari and nobody can stand against him

Through Sukok loans, Saudi Arabia now owns a majority stake in Nigeria's oil.

What this means is that they can control our production outputs to suit theirs.

You fools never listened .
Re: SUKOK -the Economic Front Of Your Subjugation Has Just Began by uba1991: 9:49am On Aug 26, 2021
FeloniousFelon:


Through Sukok loans, Saudi Arabia now owns a majority stake in Nigeria's oil.

What this means is that they can control our production outputs to suit theirs.

You fools never listened .
what do you have to say about the Christian doctors that are going to Saudi Arabia?

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