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Nairaland Forum / Nairaland / General / Politics / Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira (29846 Views)
Isaac Fayose Calls On Tinubu To Seize Dollars In Domiciliary Accounts / Obanikoro To Court: We Airlifted N1.2b For Fayose's Election In 2014 / Ibrahim Obanikoro Domiciliary Account Ban: Why It's Stupid (2) (3) (4)
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Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by owagbeba: 4:04pm On Sep 29, 2021 |
descarado: FCY accounts are also used abroad too, not only in Nigeria. A separate account from the local currency to receive cash/SWIFT remittance. Without an FCY acct, then your bank receives your SWIFT remittance and converts to the local currency at official rate. If your brother in USA sends you money, it should go to your FCY (dormicilliary) account. Otherwise, your bank receives this money, converts to Naira at 411 and then credits your Naira account. This same bank will take the dollar your brother in USA sent to you and sell it to Aboki at 565. Who loose? |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by codedguy1(m): 4:08pm On Sep 29, 2021 |
The funny thing is that Emefiele will start pondering this very unintelligent oversabi suggestion. 2 Likes |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by wink2015(m): 4:08pm On Sep 29, 2021 |
IS HE RELATED TO MR MUSILIU BABATUNDE OBANIKORO that served under the goodluck jonathan government? |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by ashawopikin(m): 4:10pm On Sep 29, 2021 |
lalasticlala:that's illegal |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by premiumswizz: 4:10pm On Sep 29, 2021 |
Gbam! Well said. lalasticlala: |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by ashawopikin(m): 4:12pm On Sep 29, 2021 |
Felabrity:mumu just embarrassed himself, and to think he's a graduate |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by BCISLTD: 4:18pm On Sep 29, 2021 |
After reading like a 100 comments I now that nigeria is doomed....very stupid people...not stopping to think. The young suggestion is very brilliant. Suspend all Dom accounts. Convert all their account balance value to naira using CBN rate. And inflows in dollars will be converted to naira using CBN rate...and if ur transferring outside the bank with just Convert and send. As soon as CBN announces it...they will be a mad rush to sell.....and the price will come down.... This will give CBN full control of the naira 4 Likes 1 Share |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by pipnator00(m): 4:18pm On Sep 29, 2021 |
Any day Nigerian government tries this, that's the day Nigerian economy dies and gets buries forever. Why? Because trust in Nigeria's investment opportunities will be lost both locally and among international investors. I'm sure they have considered it and are still considering it. This forcefully conversion of all dorm account to Naira is likely to happen any day the International lenders stops lending money to Nigeria. So everyone keep your eyes and ears to the ground because mehn, area is getting rough. |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by Daroldigits: 4:24pm On Sep 29, 2021 |
Like father, like son.....they don't have brain |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by Decryptor(m): 4:30pm On Sep 29, 2021 |
Cóne headed fool thinking from the anus!! |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by Nobody: 4:32pm On Sep 29, 2021 |
Comedian2019:You’re not a sovereign country if you use other ppl’s currency. |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by Nobody: 4:36pm On Sep 29, 2021 |
Comedian2019:Everybody in Nigeria is rushing to convert every kobo he has to dollars. This is madness! And only a mad government will tolerate that. |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by GOFON(m): 4:39pm On Sep 29, 2021 |
ibo |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by derecho(m): 4:42pm On Sep 29, 2021 |
Wonderful.. So the exchange rate is solely determined by CBN? Secondly, Will CBN refund the account owner their marginal losses? Someone bought Dollars at #570/$ and you'll convert it to #411 because you are CBN? Do you know that most times banks won't sell you dollars but refer you to someone that sells at the black market rate? I suggest they mandate that only banks sell dollars at their #411..Let's see if folks will go and buy at a higher price. But why can't we buy dollars like recharge PIN sef? Finally, I believe people are buying dollars because of international transactions not because anyone wants to destroy Naira. Let them fix what should be fixed first.I mean things that Naira can buy before talking about Dom account. The way they are going, people go soon dey buy yam with dollars BCISLTD: 1 Like |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by gidado14(m): 4:43pm On Sep 29, 2021 |
lalasticlala:am in Dubai whats the woman's name
|
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by RPirez: 4:46pm On Sep 29, 2021 |
owagbeba: Sabi wetin? E no sabi shi-shi... The fool just dey yan nonsense as usual. You need to go watch the Eti-osa House of Rep debate they had when he contested with Banky W and co. That's when you'll know Nigerians are their own biggest problems NOT the government. |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by EndBuhariNow(m): 4:55pm On Sep 29, 2021 |
Afonja are sell out... we knw them right from the beginning.. coward |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by Trumann: 5:09pm On Sep 29, 2021 |
wink2015: The blockhead is the son of the failure called Musiliu Obanikoro. |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by Trumann: 5:10pm On Sep 29, 2021 |
EndBuhariNow: Just like how Ojukwu sold out your fathers, got them killed and came back to collect money from the FG. |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by tijaniolas: 5:10pm On Sep 29, 2021 |
Nomorelove:The email address is either not correct or doesn't exist. |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by grandstar(m): 5:14pm On Sep 29, 2021 |
This is a classic example of the blind leading the blind. He knows nothing about economics. As long as Buhari is allowed to steer exchange rates, the economy remains doomed and drastic falls in the Naira should be expected. |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by EndBuhariNow(m): 5:17pm On Sep 29, 2021 |
Trumann:nah Awolowo betrayed Ndi igbo... FFK has betrayed you as well...its in blood |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by alphaNomega: 5:18pm On Sep 29, 2021 |
derecho:Do you know CBN would buy the dollar in your dorm account at N380/USD? |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by grandstar(m): 5:23pm On Sep 29, 2021 |
DoggoneDogg: We all know Emefiele is from Osun state. His mother is from Ilesha and father ikare-Oyo senatorial district of Ogun. Only Yoruba's can perform as good as Emefiele. If he wasn't Yoruba, I'm sure you'd have preferred that. Look at how strong he has made the Naira. Tribalism and the stupid state of the Naira-I wonder which is more senseless? I really do |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by BCISLTD: 5:25pm On Sep 29, 2021 |
derecho: People buy dollars at black market rate because they have a place/ account to pay it into. CBN should Place a no deposit on all accounts for a period and all people go withdraw or transfer to use or sell off their balance...then ban Dom accounts. The the arbitrage stops... It doesn't affect the common man only the rich that have benefited for the corrupt system. 2 Likes |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by Nomorelove: 5:35pm On Sep 29, 2021 |
tijaniolas:Try it now |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by derecho(m): 5:41pm On Sep 29, 2021 |
So all who buy dollars deposit to dorm account? I'm sure you know not everyone does. My point is the high rate is caused by the banks and the CBN can't claim ignorance. They know what to do to erring banks. If the exchange rate by CBN is X-amount what stops them to ensure you buy from your bank at the stipulated amount. Why should the bank refer me to someone else? These things are not hidden. Dorm account has little or nothing to do with dollar exchange rate. CBN should abolish the roadside BDCs and allow only banks to issue and exchange dollars. BCISLTD: |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by azidomedogo: 5:46pm On Sep 29, 2021 |
This man seem to make sense here. My boss in the shipping sector doesn't save money in his naira account. All his fund is in his dollar account and only sends money to naira account when we have immediate needs 1 Like |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by drealcivilceno(m): 5:46pm On Sep 29, 2021 |
ivolt: Can sugar cane grow taller than the owner... Absolutely... But when the owner is ready to harvest, he starts to cut from the bottom. Who made IMF and currency, and some economists will come out to say things like... your exports is lower than your import. price of crude oil has... etc. Even, Ghana had this problem, so does most countries with low value currencies but we will never learn from History. Well, I am just part of the masses, what can I do? |
Re: Ibrahim Obanikoro To CBN: Close Domiciliary Accounts For 12 Months To Save Naira by fkj950ax(m): 6:18pm On Sep 29, 2021 |
DrBiyums: You don't understand how Nigerian economy works. We don't produce anything and rely heavily on imports. The people we import from require FX to export to us, so we look for where to exchange the NGN we have for USD. This creates demand for USD, and the higher the demand, the higher the price. The government and industries and major distributor of products require USD to run their businesses. Petrol is imported. Flour for bread is imported. The machinery used for making garri is imported. The supplies for construction is imported. Its not the everyday common man that is looking for dollars. It is all of these people. They aren't saving the FX. They are using it to run their day to day operations. India you referred to doesn't spend rupees in the international circle. They use USD. So the guy who stated this conversation berating Nigerians to stop saving in USD is deceiving the public. 10 Likes 2 Shares |
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