didymario7:


I never argued with you over the supremacy over the black market, go back and check. What I said is that as long as the 41 blacklisted items remain on the list, black market will still be[b] very relevant[/b].

Depends on how you define very relevant, that's not even my argument, all I'm saying is that official channel will become supreme and less people will patronize black market, from over 70% patronization to less than 20%. In sane countries black market is virtually non existent but in 9ja it is thriving because of CBN's incompetency. Once CBN and the government at large gets itself together, the value of black market becomes diminished!

didymario7:


Lol. U talking about official retail channels. That one na market? Lemme give you just one example. All the foreign companies operating in Nigeria approach cbn to repatriate their profit back home through the IE window. We talking about billions of $$. Black market cannot handle that.

All the abokis put together cannot raise the funds microsoft Nigeria needs to repatriate their profit back to Yankee.

You just proved my point why official channel should be supreme to black market. If CBN gets its acts together through sound policies, less and less people will patronize black market.

crismark:

Black market still does more business bro.

Official rate can never be higher than black market rate.
People wil still prefer to sell in the black market.
Stop deceiving yourself

I never said it will be higher than black market rather if official channel makes it easy to transact in dollars, no scarcity, no limit restrictions on deposit and withdrawals etc. If these things can be put in place, majority of sane people would prefer to transact using official channel than black market. E.g. You want to pay school fees for a course abroad or buy a car abroad from a dealer? There's no reason you shouldn't be able to do that through your bank!

Agbegbaorogboye:

I'm being factual. It is you who is being sentimental by employing excuses on behalf of Tinubu. Did Tinubu come to tell you he was sidelined? There are points I can raise to prove to you he wasn't sidelined as most of you choose to believe. So it's not a fact to claim so blatantly that Tinubu was sidelined when we don't know how much he also chose to sideline himself for whatever reason.
I'm not asking Tinubu to denounce Buhari. But at what point do we choose the health of the nation over our personal nuances? If something or someone is not doing what is believed to be in the best interest of the generality of the nation, should we give frank opinions to such persons at least or stay aloof? Our politics has polluted our economy. And we have no one to blame but the man presently at the helm. Now, the ones expected to bear the cost of rolling back things to default are the citizens.
What manner of hunger games is that? How can eight years of a nation's life be wasted in pursuit of ambitions?

I'm not the type to argue about illogical things hence I'll take a direct approach, he's the president now so I'll only hold him accountable as an elected official. You can choose to hold him accountable for what has happened Buhari's administration even though he was not elected by you and owes you not a DAMN thing......That's your cup of tea, that's your right and you are entitled to me but what you are not entitled to is me giving this more time and energy.......REST IJN!

yankison:


How has the subsidy they removed helped you

You expected removal of subsidy to be a magic pill that you can feel in a month? Oga some economic policies take months or years to fully actualize, why you dey rush?

Basicend:


Oga, I am talking about naira devaluation. . We don't have a substansive export load to make naira thrive against FX.

That is why u are that huge negative margin in its rating just within a week. .

Think. .think. .

Naira cannot thrive again without removing those economic policies which crippled it. Naira devaluation is not to the point of 750 Naira to 1 Dollar, do not let anybody deceive you! Shortage of FX, restrictions on deposits and withdraw etc all played major roles. I'm glad you mentioned export but what exactly are you exporting?

Agbegbaorogboye:

Years of economic and fiscal abuse by whom? The present leader joined forces to mastermind the exit of those who believed in free market. After the debacle of a first term, he pulled his weight to ensure a second term for the same fiscal abuser. So there's a context to the fiscal and economic abuse. It's hypocritical to support a govt that abused the economy for eight years only to turn around and start exposing the economy to shocks in the name of reforms.
I think most of these politicians are unfair to the country and ordinary citizens. Nigerians were ultimately pawns in their power games

Do you want to be sentimental or you want to be factual? The fact remains even Tinubu was sidelined in Buhari's administration and you expecting him to denounce Buhari is nothing but pure political comedy

Agbegbaorogboye:

Don't you think 22% inflation MoM and over 18% YoY is high enough for intervention?
The Afcfta and ecowas single currency framework pegs inflation rate for each participating country at 9%
Our unemployment is close to 40% which is critical for any economy.
So while free market is theoretically desirable, Nigeria's fundamentals presently does not support it. Tinubu's team are only looking at fdi
Fdi can save an economy but can also turn an economy to dumping ground.
What makes market virile is a viable middle class with appreciable purchasing power.

Years of economic and fiscal abuse won't be resolved in a month or even a year, let's not put the cart before the horse! One can also argue that it is because of government's intervention that things got so bad.....The cumulative policies by CBN has brought the Naira to a point of waterloo, immediate and precise action is necessary to stop the bleeding.

Ecowas framework is a joke, a fantasy of those dreaming of El Dorado....Let's leave that for now, small wins are needed in order to attract bigger ones. Let the economy open up which attracts investors which leads to more employment and in turn a stronger Naira. Yes the government has given us no reason to trust it in the past but let's be hopeful that we can at least stop the disaster and start making positive gains.....No be everything be doom and gloom

Agbegbaorogboye:

Well, I think it's idealistic to believe the govt will have zero influence on the Naira. The problem is we seem to be moving from one extreme to another. From hardcore socialist to hard-core capitalism. But even in capitalism, the CBN still plays a major role in Naira stability as it is given in its enabling laws. So i think the present plan is just to open up the economy to investors with easy catches for quick profits such as free market but at the expense of the disposable income of most Nigerians and their cost of living as well.
It's a conflict between textbook economics and real, practical economics

Notice the word I used....'MOST'......The market should mostly dictate Naira's value with the government stepping in only at the extremes such as high inflation or unemployment. You're right about policies but those policies should not hinder the free market!

Basicend:


Tinubu is a clown. . He is rushing everything without creating an enabling base to Cushing the effects.

He has removed govt responsibility on FX, electricity, PMS, and even education. . So what is his govt going to do to help the heavily suffering masses?


Same game. . Different dimension in my opinion.

You're obviously joking......What exactly are you cushioning? We've all been crying about CBN's nonsense Naira policies, we've all been angered by the subsidy scam yet you want him to wait for what exactly? Perhaps another 200 billion from China in order to keep fuel at less than 200 Naira is what you meant?

didymario7:


Lies, big fat lies. The black market has never done anything close to the official channels. Bring your sources.

Have you handled 100,000 dollars before.....Basically walk into your bank and tried to withdraw 100k dollars? Maybe that's too rich for your blood, how about 10k dollars? Those of us wey dey handle that type of money know the response the banks gave, from no cash available to CBN restrictions. This resulted in most of us patronizing black market for our businesses. Before you shout lies, ask your friends, boss, mentors etc where they source their dollars from!

Agbegbaorogboye:

How is 600 better than 460

460 was artificial suppression, not the real value of Naira, this new rate reflects a stable market and allows less dependence on black market. The goal is to eventually allow the market to dictate most of the Naira's value instead of the government.

LadyExcellency:

You didn't read the part that the Court agreed that the surpenoed was not to AWS but as the Staff of AWS in her private capacity.

According to her statement, everything she exerted are public records of AWS and as such authentic and unquestionable.

The court also noted, based on her admittance that the subpoena that compelled her appearance was not delivered to the company she works for, but to her in person.

This led to further questioning on how she got the report she submitted before the court, and she responded that they are public information posted on the AWS Amazon.

In any court case the expert witness cannot be bias....WHAT ARE YOU TALKING ABOUT! She's a card carrying member of the plaintiff's party!

didymario7:


There are over 41 items that cannot access $$ through official channels. The black market will continue to have value.

Yes but its value should not be comparable to the main market.....At a point the black market was doing more business than official market which is plain unacceptable!

She also denied being in court as a representative of the company she works for and on the mandate of Amazon Web Services, but as an expert subpoenaed witness to speak as a cloud engineer.

LP just embarrassed itself with this charade! It is clear that they've lost the plot....So expert witness na LP member.....WONDERFUL

This is normal, the exchange rate is still in a state of fluctuation until it finds balance. When all things fall into place and people no longer see the value of black market, J.P, Morgan predicts Naira should settle at or below 600 Naira per dollar, not good but certainly better than Buhari Shege Naira pro max

bentenny:

Perhaps you should take that 'healing and blessing' into consideration because you obviously need it more!
PeacePiss be onto your wrinkled bladder my glorified ancestor as you sluggishly enter the bathroom ably assisted by your unpaid but patient nurses!

Comedy

bentenny:

So you are actually soliciting for sympathy from an obviously polarised forum to know who is messed up or who is 'CORNfused' with his own writeup?
Guy go to a nearby 'whitehouse' and discharge your urines rather than constantly typing PEACE here instead of PISS

Another evidence of delirium.....Healing & Blessing unto you my boi....PEACE!

bentenny:


I knew that brief narrative really pained you to your bone marrows which made you attempt a pathetic clap back to save face because you knew that you seriously f**cked up!
Next time accept your goof instead of prevaricating like an amateur!

I'm glad this is a public forum, those following the back and forth can tell who messed up.....PEACE!

viodemus:



It just so happen say na truth I talk. Bear am. God give Nigeria chance, we thrash am.

I thank God say dem acknowledge my hard work unlike Nigeria where 99% of things na corruption, and give me access to come and go at will, and also fit do speedy visa check and approval for many partners of mine if I deem am necessary.


Knowledge up and sharpen up, make you fit dey legally maneuver things. I dun dey DC for 6 days now, go enter Naija tomorrow, dey almost a month, enter Europe, collect hardwork harvest, see who I got see, go back like I do this week. No be bragging, motivate yourself without hurting innocent others. Try your best. No be me be the lazy leader aka sillybu stealibu aka wasteful Ahmed.

Comedy....See epistle, those of us wey come get blue passport, na novel we go write o....Yeye

viodemus:
Still more intelligent and very wise than 24/7 sillybu and his islamics assistant - shittyman.


Biden can read way better; Can analyze communication and other factors better than both Saudi Arabian slaves of Nigeria.

Chill out man......Dem still no go give you visa

bentenny:


Let me as much as possible try to sympathize with your obvious lack of comprehension for your own words and put them in a pidgin language that you might properly grasp not minding your current epistle of balderdash....

You: inec boss only yarn say results enter for oyibo way(e-transmission)....e nor mean say e dey for paper...

Me: inec boss talk am from paper way dem call rules and regulations

You: U nor sabi read

Me: e b like wetin you write you don forget am....go check am again...maybe e fit don turn ur head

You: (constant gibberish) xgdffhdgghfgghdtgdgfjfgffjfhdggf....Peace out!

Me: why you dey allow wetin you dey cap to bubu U?
Abi u been drink when you type am?

In the land of blind men, a dog can become king

Me: inec boss only yarn say results enter for oyibo way(e-transmission)....e nor mean say e dey for paper...

You: inec boss talk am from paper way dem call rules and regulations

Me: U no apply your 6 to wetin you read?

You: e b like wetin you write you don forget am....go check am again...maybe e fit don turn ur head

Me: You no see Clause 48 and 49 wey allow INEC boss to use anoda way?

You: askbfkfhgjepjg;ergjgljgl.......spits.....higfdwifuhoirwujiohdjkfbskadbqwibasks.....*insert random gibberish**......ashfgqdhhdqqh
Me: I'm out....Peace!

bentenny:

On the contrary you are the one that can't comprehend what you wrote but even denying it shamelessly!
You told someone INEC boss utterance about the electronic transmission of results lacked the needed powers and doesn't translate into being documented!

In my reply,if you read correctly,i said he wasn't speaking without using the rules and regulations of inec which was formulated by the powers given to the commission by the amended electoral act!

In a fruitless attempt to save yourself from being a victim of your own insults and getting caught up in a 'cornfused' state with your own very words,you ended up scoring an own goal by fuulishly prevaricating hence making a mockery of yourself!

Pathetic!

You're just rambling like a little child, in the court of law which one is supreme, Mahmoud's words or what is written in the Rules and Regulations? You can shout Mahmoud said this, Mahmoud said that but if the clauses gave him a way out, the court will never side with you.....if your IQ cannot understand this then I'm sorry your case don get k leg!

In your infinite wisdom you believe Mahmoud's words are backed by the Rules and Regulations but you deny that the Rules and Regulations also gave him the power to use alternatives? Now tell me isn't that silly? . See my boi, you've been backed into a corner, you can either take your L and learn from this or continue arguing with your phone, either way....I'M OUT....PEACE!

bentenny:


The highlighted was what you said.....


My reply.....


Maybe you should be the one to make an effort to comprehend your own comments!

Again na comprehension be your problem, Mahmoud said this Mahmoud said that but it does not mean his words will supersede what is officially written as rules and regulations. Yo usaid it was written that electronic transmission was mandatory, I provided you with a counter via Clause 48 and 93, yet you still dey argue? Na wa o

nairalanda1:


Putin just wants to secure his borders.

Infact, read Russian history, and you would notice one thing...they get invaded. A lot, and they lose large chunks of their populaiton. A lot.

World war 2 was so brutal that Russia lost most of its working age population then. To the point that it took decades for them to recover.

Once you know all that, Putin sounds sane.

USA does not understand that because they have never been invaded like that.

(That does not make Russia forcing Ukraine to be its' biach right)

Putin will never sound sane no matter what you say......World War 2 who caused it? Why did Russia have to align with a power monger? You can't blame others for shit you got yourself involved with......At the end of the day, Ukraine did not invade Russia, it was Russia that invaded Ukraine, just like Nigeria invading Benin Republic and then crying that we are just trying to protect our borders......No be juju be that?

bentenny:

Guy i have read the clauses and it has nothing to do with the reason i replied you!
You tried to make nonsense of the legitimacy and authority bestowed on rules and regulations of INEC by the amended 2022 electoral act of which i called you out and corrected you!
Go back and read my previous reply but just take your own advise and read it slowly!

Then you obviously have trouble comprehending simple English. Here's your initial comment:

It was not just said,it was also documented as rules and regulations of INEC which is an extension of the electoral act and holds as much power and binding authority!

Your comment would make sense if clause 48 and 93 did not exist which gives INEC the right to use alternative method when electronic coalition and transmission fails. Now what exactly is your argument? Are you saying those clauses are irrelevant? Did you read them? Goodluck convincing a competent court that they don't matter

IfnobeGod20:

Note that any guideline not in tandem with the constitution and Electoral Act is null and void. All guidelines must take there roots from the enabling laws. Just the same way, any law in the Electoral Act that goes against the constitution, is null and void and the constitution takes superiority over it.
That is why it is very clear in the 2022 Electoral Act, how to collate disputed results. It was well spelt out and no way to circumvent the electoral Act. Section 64 (5)(6) is very clear and I will reproduce it here same way I did before.

(5) Subject to subsection (1), a collation officer or returning officer shall use the number of accredited voters recorded and transmitted directly from polling units under section 47 (2) of this Act and the votes or results recorded and transmitted directly from polling units under section 60 (4) of this Act to collate and announce the result of an election if a collated result at his or a lower level of collation is not correct.

'footnote'
It is even mandatory for a collation officer or returning officer to compare the recorded results with transmitted results from the polling units as stated in the above section.

(6) Where during collation of results, there is a dispute regarding a collated result or the result of an election from any polling unit, the collation officer or returning officer shall use the following to determine the correctness of the disputed result –
(a) the original of the disputed collated result for each polling unit where the
election is disputed;
(b) the smart card reader or other technology device used for accreditation of voters in each polling unit where the election is disputed for the purpose of
obtaining accreditation data directly from the smart card reader or technology device;
(c) data of accreditation recorded and transmitted directly from each polling unit where the election is disputed as prescribed under section 47 (2) of this Act; and
'footnote'
In this section, it was made explicit that in case there is a dispute in the collation of results, it is expected for the collation officer or returning officer to rely on data of accreditation recorded and transmitted directly from each polling unit so disputed.

(d) the votes and result of the election recorded and transmitted directly from
each polling unit where the election is disputed, as prescribed under section 60 (4) of this Act.

'footnote'
Anything outside this section is null and void my brother. This section had explained how to collate any disputed results and no shortcuts.

(7) If the disputed result under subsection (6) were otherwise found not to be correct, the collation officer or returning officer shall re-collate and announce a new result
using the information in subsection (6) (a)-(d).

'footnote'

Note these, as stated by the section above "using the information in subsection (6) (a) - (d)".
If anyone use any information outside this section, such has breached electoral Act.
We are talking of disputed results, which has been taken care by the Electoral Act.

Meanwhile, INEC guidelines on clause. 92-94 is talking of missing INEC hard copy results during collation as you can see below:

92. At every level of collation, where the INEC copy of collated results from the
immediate lower level of collation exists, it shall be adopted for collation.
94. Where no hardcopy of collated results is available, the results, where possible, shall be regenerated from the preceding level (Collation or Polling Unit) in accordance with Clause 93 of these Regulations and Guidelines.
93. Where the INEC hardcopy of collated results from the immediate lower level of collation does not exist, the Collation Officer shall use electronically transmitted results or results from the IReV portal to continue collation. Where none of these exist, the Collation Officer shall ask for duplicate hardcopies issued by the Commission to the following bodies in the order below:
(i) The Nigeria Police Force; and
(ii) Agents of Political Parties.

Now, read the clause 93 as I quoted it verbatim which in part is in line with the Electoral Act. Read it slowly this time around and don't rush.

You people are just confusing yourself thinking you're smart. I am here to always puncture your lie.

This is why we have the court system, now go to court and argue that INEC's rules and regulations is not in tandem with the Constitution or the Electoral Act.......Watch as the judge laughs you out of the court

bentenny:

The rules and regulations of INEC are an extension of the electoral act and holds as much authority and is binding just like the act!
This is as clear as daylight!
What does clause 93 of the rules and regulations of INEC say?
This talks specifically about collation!
How is collation related to the authenticity and power of the rules and regulations of inec?

I suggest you go and read clause 48 and 93 properly, this time very slowly and try to comprehend!

onuman:


Semi-illiterate and coalition.

Nigeria 🇳🇬 did not spend a fortune paying members of the National Assembly to prepare the Electoral Act of 2022 and signed into law by the president of Nigeria; spent billions of Naira to establish the system for electronic transmission of vote results as provided in the Electoral Act; then Nigeria turned around to have the old manual collation of votes to remain a valid method for collation of votes.
Is Nigeria a land of the pigmies and the hottentots you people want it to be; because you want a near octogenarian Tinubu who is battling all forms of age related illnesses, and who is a former drug trafficking lord, to preside over Nigeria 🇳🇬 even for one year?

We dey talk A you dey talk B, who's following you to discuss all that, my guy stick to topic! Does INEC's rules/regulations and the Electoral Act allow for alternate processing when electronic means fail? If you like spend 1 zillion, if the process and procedural documents allow this then there's not a damn thing you or anyone can do!

princekwi:

There are 36 States in Nigeria and FCT that's what your constitution says, go and read, your constitution can't contradict itself

36 states and FCT, where section 299 gives FCT all the powers of a state, negro what don't you understand about that?

princekwi:



Hahahaha, this has nothing to say about election brother, this is just on its administration, now answer me this simple question, How many states are there in Nigeria Mr know how?

Okay.....Continue your comedy, if Nigerian Constitution specifically recognizes FCT as a state, WHO ARE YOU TO SAY OTHERWISE?

IfnobeGod20:

Please stop quoting wrong section of the electoral Act to confuse people. The section of the electoral Act that concerns voting, collation of results and declaration are in section 60, 61, 62, 63, 64 and 65.

The section you're brandishing about is on broadcasting and campaigning.
Read verbatim what section 93 and 94 says and stop confusing those that can make confirmation.

Section 93 Nigeria Electoral Act 2022
Prohibition of use of force or violence during political campaign

(1) A party, candidate, aspirant, or person or group of persons shall not directly or indirectly threaten any person with the use of force or violence during any political campaign in order to compel that person or any other person to support or refrain
from supporting a political party or candidate.


(2) A political party, candidate, aspirant, person or group of persons that contravenes the provisions of this section commits an offence and is liable on conviction –
(a) in the case of a candidate, aspirant, or person or group of persons, to a maximum fine of Nl,000,000 or imprisonment for a term of 12 months; and
(b) in the case of a political party, to a fine of N2,000,000 in the first instance, and N5 00,000 for any subsequent offence.

Section 94 Nigeria Electoral Act 2022
Limitation on political broadcast and campaign by political parties

(1) For the purpose of this Act, the period of campaigning in public by every politicalparty shall commence 150 days before polling day and end 24 hours prior to that
day.


(2) A registered political party which through any person acting on its behalf during the 24 hours before polling day –
(a) advertises on the facilities of any broadcasting undertaking; or
(b) procures for publication or acquiesces in the publication of an advertisement
in a newspaper, for the purpose of promoting or opposing a particular candidate, commits an offence under this Act and is liable on conviction to a maximum fine of N500,000.

Section 94 Nigeria Electoral Act 2022
Limitation on political broadcast and campaign by political parties

(1) For the purpose of this Act, the period of campaigning in public by every political
party shall commence 150 days before polling day and end 24 hours prior to that
day.


(2) A registered political party which through any person acting on its behalf during the 24 hours before polling day –
(a) advertises on the facilities of any broadcasting undertaking; or
(b) procures for publication or acquiesces in the publication of an advertisement
in a newspaper, for the purpose of promoting or opposing a particular candidate, commits an offence under this Act and is liable on conviction to a maximum fine of N500,000.

Just confusing the gullible.

Please my people don't let this guy confuse you again here below is a link to the 2022 Electoral Act section by section.

https://www.lawglobalhub.com/section-91-97-nigeria-electoral-act-2022/#Section_93_Nigeria_Electoral_Act_2022

We are talking about INEC's rules and regulations clause 93 not section 93 of the Electoral Act.....Make una dey calm down with your Google inspired one minute research