The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redesigning of naira.…


By
Muawiya Shuaibu
Wed, 16 Nov 2022 10:45:43 WAT
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redesigning of naira.

Bawa stated this in an interview with Deutsche Welle (DW) Hausa service, saying President Muhammadu Buhari did well to approve the redesigning.

Arewa group frowns on ‘selective’ media trial of northerners by EFCC

Clergyman defiles 2 sisters in Ogun, impregnates 1

He said, “The law says the redesigning of Naira notes should be done every eight years but we spent 20 years without any changes on them. And that resulted to 85 per cent of money are in circulation not in banks, when CBN came up with this redesigning, dollar moved to 880 and later dropped to 680 or thereabouts.

“So you see with this redesigning dollar may massively fall, who knows probably to ₦200.”

The EFCC chair also said there is no any political motive behind the idea and called on Nigerians to report any person with siphoned monies.

“There is no political motive in this; some people siphoned and hid public funds that is why we want them to bring them out and nobody says they should not bring them, what government says is let them deposit such money in banks.

“We assure Nigerians that we are always ready to receive reports of any person with suspicious hidden money and if investigated to be true, we will give 5 per cent of the money to them,” he added.

https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman

Dis man well atall. Nlfpmod,Mynd44?

.

Okay

Keep decieving urselves. No production na ordinary changing of naira chemicals, designs and style will give naira value abi.
Believe this government at ur own peril.

It should crash to N100.
Anything more than N100 : $1 is CORRUPT UNECONOMIC AND ARTIFICIAL.

every one is now a financial expert

but they couldn't offer any explanation on why the naira crashed to almost #900 to a dollar

He is one of those half baked graduates from the FACULTY of LYING at the prestigious Lial Muhammed UNIVERSITY OF LYING, Aso Villa

ogododo:
Dis man well at all.

Mumu talk

ogododo:
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redesigning of naira.…


By
Muawiya Shuaibu
Wed, 16 Nov 2022 10:45:43 WAT
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redesigning of naira.

Bawa stated this in an interview with Deutsche Welle (DW) Hausa service, saying President Muhammadu Buhari did well to approve the redesigning.

Arewa group frowns on ‘selective’ media trial of northerners by EFCC

Clergyman defiles 2 sisters in Ogun, impregnates 1

He said, “The law says the redesigning of Naira notes should be done every eight years but we spent 20 years without any changes on them. And that resulted to 85 per cent of money are in circulation not in banks, when CBN came up with this redesigning, dollar moved to 880 and later dropped to 680 or thereabouts.

“So you see with this redesigning dollar may massively fall, who knows probably to ₦200.”

The EFCC chair also said there is no any political motive behind the idea and called on Nigerians to report any person with siphoned monies.

“There is no political motive in this; some people siphoned and hid public funds that is why we want them to bring them out and nobody says they should not bring them, what government says is let them deposit such money in banks.

“We assure Nigerians that we are always ready to receive reports of any person with suspicious hidden money and if investigated to be true, we will give 5 per cent of the money to them,” he added.

https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman

Let me go and start hunting for people hoarding money - 5%?

It should crash to N50

nairavsdollars:
Mumu talk

Heard they want to make everything digital. ATM daily withdrawal limit will be 10k. So they won't be more than 500 billion naira in circulation.

The simplest way to test this theory is to track prices of goods and services.
Would prices in Naira terms drop by 70-80% ?
That is the question.

To suddenly get such massive drop in dollar value means that Nigeria's GDP in dollar terms will increase overnight to about 2- 3 Trillion dollars.

Is that possible?

Well, in the Nigerian kleptocracy where bullion vans are carting money for rigging elections, ANYTHING IS POSSIBLE.

onumadu:
The simplest way to test this theory is to track prices of goods and services.
Would prices in Naira terms drop by 70-80% ?
That is the question.

To suddenly get such massive drop in dollar value means that Nigeria's GDP in dollar terms will increase overnight to about 2- 3 Trillion dollars.

Is that possible?

Well, in the Nigerian kleptocracy where bullion vans are carting money for rigging elections, ANYTHING IS POSSIBLE.

Yes it would especially for imported items, although it would warrant customs to increase duty again when the dollar stables, otherwise Nigeria might become junkyard of the world.. for local items, with the price of imported good s coming down, it also means cost of living crashing aswell, so in the near future we expect the price of local commodities to crash also.

chicken with no brain

Good..
We can only hope for it.
Let see how it turns out

ogododo:
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redesigning of naira.…


By
Muawiya Shuaibu
Wed, 16 Nov 2022 10:45:43 WAT
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redesigning of naira.

Bawa stated this in an interview with Deutsche Welle (DW) Hausa service, saying President Muhammadu Buhari did well to approve the redesigning.

Arewa group frowns on ‘selective’ media trial of northerners by EFCC

Clergyman defiles 2 sisters in Ogun, impregnates 1

He said, “The law says the redesigning of Naira notes should be done every eight years but we spent 20 years without any changes on them. And that resulted to 85 per cent of money are in circulation not in banks, when CBN came up with this redesigning, dollar moved to 880 and later dropped to 680 or thereabouts.

“So you see with this redesigning dollar may massively fall, who knows probably to ₦200.”

The EFCC chair also said there is no any political motive behind the idea and called on Nigerians to report any person with siphoned monies.

“There is no political motive in this; some people siphoned and hid public funds that is why we want them to bring them out and nobody says they should not bring them, what government says is let them deposit such money in banks.

“We assure Nigerians that we are always ready to receive reports of any person with suspicious hidden money and if investigated to be true, we will give 5 per cent of the money to them,” he added.

https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman

This is the thinking of a goon. A redesign of a worthless currency will bring added values. What a dunce.

BDC are no longer buying dollars as they used to because of fear of loss

With the speculations that the US will no longer accept dollar bills printed before year 2021 and naira redesign, let's hope for better days

Who do nigeria dis bad thing?
Where did Apc get all these imbeciles from!
Shake my head for nigeria’s future

Is Saul also among the prophets? Sorry, I mean is Bawa also an economist?

Moh247:
BDC are no longer buying dollars as they used to because of fear of loss

na lie

I changed USD yesterday ooo
stop lying

Idiko1:


This is the thinking of a goon. A redesign of a worthless currency will bring added values. What a dunce.

Na so dem dey reason oo.

HarlequinLekex:
He is one of those half baked graduates from the FACULTY of LYING at the prestigious Lial Muhammed UNIVERSITY OF LYING, Aso Villa

He wan do pass Lai.

This "crash" is artificial and will not last neither will it reduce price of goods

PrinceOfLagos:
It should crash to N50

Without production?

Moh247:
BDC are no longer buying dollars as they used to because of fear of loss

Do they pay you guy to paint lies as truth .?

I told you before the job I do actually helps you bank easier .

I know everything in the black market what trash are you saying?

Viscuz:


Do they pay you guy to paint lies as truth .?

I told you before the job I do actually helps you bank easier .

I know everything in the black market what trash are you saying?

Well according to a report that made Frontpage, BDC operators stated this themselves when Journalist questioned them

So what's the lie painting about.. besides I said the reduced volume of trade not outrightly stopping it

Moh247:


Well according to a report that made Frontpage, BDC operators stated this themselves when Journalist questioned them

So what's the lie painting about.. besides I said the reduced volume of trade not outrightly stopping it

Them born you today ?

Is it no this same Nigeria your placenta was buried?

You don't know a full blown lie when you see one .

Of course what do you expect choosen BDC operators to say in front of camera?

Moh247:


Well according to a report that made Frontpage, BDC operators stated this themselves when Journalist questioned them

So what's the lie painting about.. besides I said the reduced volume of trade not outrightly stopping it

shatap stop talking nonsense

It is possible. Let EFCC and ICPC do their job practically, not in theory..

Looters should be jailed. Period.

This is impossible. The present fundamentalsdoes not support this.

I don't even see it bettering N600.