₦airaland Forum

MrCork:
Please advise! (No oofencse)

Ask the ladies .

Or what kind of crocodile are you really referring to ?

Catapault:
The oldest city in China is named Anyang.

Anyang is a pure Nigerian name. We have Ikot Anyang in Cross Rivers here.

Come to think of it, that Calabar language sounds VERY CHINESE if you listen to it.

And they’re both short , wicked and love dog meat . You may have a point there 🤔

meum:
Where are the cows?

How are we even sure they’re herdsmen ? Is Evans a herdsman ?

Instead of joining hands to build Nigeria, they’re blaming Fulani for everything

Btw , what about the Aluu4
Was anyone tried and convicted in that case ?

Why is everybody complaining on behalf of the man ?
Na wao
Swallowing Panadol for another person’s headache

Did he come to report to you that he was harassed ? Busy bodies

seunmsg:
Attention seeking sore loser who can't accept defeat. See his crooked and lying face like egg wey wan break. No amount of lies and propaganda will change anything. Bola Tinubu is already president and you Peter Obi the criminal liar and opportunist will never become the president of Nigeria.

You just mad that your hero is a certified forger, an identity thief , a narcotics smuggler and a corrupt politician .
You can never present him as a saint no matter how much you try to whitewash him.
You should be enjoying your victory but you’re here still ranting viciously because your hero cannot be accepted by the world in the way you want him to be 😂😂

googi:
Yoruba are supposed to do this or that. After all they hold themselves to the highest standards but failed.

I agree completely to the Egalitarian Standards Yoruba place on themselves. But their Youths have discovered it was a suicide mission in the Nigerian context today.

It is also true that the decadence in which Nigerians find themselves after Oil Income has soiled every ethnic group in the country.

Unfortunately, nothing to show for the relative surge of Oil money into the country except abject poverty and creation of billionaires across every ethnic group while Environmental Degradation killed farming in Niger Delta.

Nevertheless, Value System still remains the backbone of Yorubaland.

This is why they rejected Tinubu (their own son unlike other ethnic groups) in Osun and Lagos, his home and adopted states. But Yoruba still support him because the other two Presidential candidates are worse.

Give the devil his due, he outsmarted all of us with Obi and Kwankwaso as spoilers in the South and North.

Stop crying or condemning him for his choice of Cabinet when the North did worse and Biafrans did worse under Jonathan.

A whole lot of text and font but devoid of substance
You didn’t say anything purposeful in relation to the topic .

accordadoga29:
Hehehehe

God abeg, as a single lady, if husband no dey make excess money like this man own dey

Single at 53 ? 😮

3ice9ce:
This part is more of an emotive argument than a factual argument. The Naira is the only Legal tender in Nigeria. The CBN will simply issue a regulation asking banks to close all Dorm accounts and convert balances to Naira at the prevailing exchange rate. It has happened before outside Nigeria.

Like I said , it’s a sign of a failed state . Its a massive red flag and sends distress signals to the international community including potential foreign investors. Some steps are counter productive.

Yes they can regulate transactions in Nigeria and mandate that only naira be used a legal tender. They already did that in back in 2013/14.
But to go after foreign inflows domiciled on accounts which are not sourced from within Nigeria ? No. They have will have a lot of explanation to do in court especially considering that the political class continues to expend our national reserves for personal on gain.

Ikaeniyan0:
I don't think anybody is asking the government to arrest people or seizing funds in accounts, such a policy will be disastrous and make things more worst like what happened in Lebanon few months ago.

Read my first post in full. And then click the link to read the original thread by that notorious individual

accordadoga29:
Hehehehe

That’s nice

God bless Zulum

I will suggest LASG should demolish those 2x4 shops in Alaba intl market, erect massive structures like these ones and lease out to the good people of the SW, SS, North and MB at subsidized rates

You know why they would never do it ?
Because most of your people lack the intellectual capacity and self discipline to run a business successfully and grow it from a 2x4 to a million dollar business

The little profit you make will go into owambe and amala/ewedu parties for the entire street. Then it’s back to square one .

So go and keep selling your provisions at oke-arin market . Leave the heavy business for SE, SS and N

Keep looking for trouble. You will find it God-willing

Thank you for speaking up Gov Duke

Our legal team led by Chief Richard Akinjide and the firm of DJ Freeman, Solicitors, assured us it was a “slam dunk case”, a euphemism that we were more than likely to succeed. Our judge advocate, Prince ‘Bola Ajibola, also stated that we had a healthy chance of success

Look at these incompetent fools who had no idea what they were doing . Imagine losing a part of your country to a much smaller and militarily weaker neighbour. Such cannot happen anywhere in the world

The Russians would never lose Sakhalin island to the Japanese . Britain would never lose Falkland Island to Argentina even though it’s located thousands of miles away from British homeland .
But these clueless and incompetent ones lost an oil rich peninsula to a country with less than one-fifth the size of its population and GDP. Giant of Africa indeed

The Biafra National League will continue to kill those Cameroonian gendarmerie until they vacate

VeeVeeMyLuv:
But is their fx roudtripping in Turk?

No but it’s not the fault of the innocent businessmen and consumers that the government has not incorporated our BDCs and forex apps into the platform . This can be done.
Those talking about arresting people or seizing funds in accounts are just ignorant

VeeVeeMyLuv:
Fx in china and Turkey is fully Digitalized no hoarding.


Why must naija case always be different?

They don't have the will power to eliminate round tripping

@ BitterTruth01

Boss diaspora people earn dollars then send to their folks here

Their folks then goes to where? BDC
and BDC is what? Black market.

Solution: go to bank 🏦 (DIGITAL PLATFORM) to change it

The individuals based in Nigeria wants dollars, instead of bank (DIGITAL PLATFORM) to give them, they go to BDC

How did BDC get this dollars $? From banks themselves and from diaspora relatives based here in Nigeria.

Digitalize let it only b gotten at the bank digital platform.

The BDCs and the apps can also be incorporated into the digitized platform . That’s why I like the number 13 :

13. Expand the official foreign exchange market to incorporate BDCs, forex apps and retail fx dealers, and outlaw transactions in the black market.

VeeVeeMyLuv:
Fx in china and Turkey is fully Digitalized no hoarding.


Why must naija case always be different?

They don't have the will power to eliminate round tripping

That’s a very misleading comment.
There’re no laws against keeping of FX in those countries. In Canada , you can keep US dollars or British pounds for as long as you want . In the UK, you can keep Japanese yen for as long as you want .
In the Turkey you mentioned , you can keep dollars as long as your want . Infact there’s over $125bn worth of total FX deposits in Turkish banks . What the government did was to give people access to real-time conversion. Meaning that’s those who had FX deposits can convert to Lira deposits under a scheme but it was optional .

They introduced it in 2021 but by 2023 , most people went back to FX deposits. The government never went after consumers funds or jailed anybody at anytime.

Don’t just type anyhow my guy.

I was scrolling through nairaland and came accross the topic on forex regulations. See the original thread below

https://www.nairaland.com/7888581/fg-outlaws-black-market-forex

There were a number of good points especially this one

13. Expand the official foreign exchange market to incorporate BDCs, forex apps and retail fx dealers, and outlaw transactions in the black market.

I liked this one above because the past administration was doing the opposite. They were attacking BDCs and apps like abokifx as if they were the root cause of the problems were facing . Clearly they didn’t understand that businesses like these help to deepen the economy and all that was needed was proper regulation and enforcement to avoid abuses and ensure consumer protection.

But I noticed some comments like this:

FreeStuffsNG:
Only unpatriotic and greedy people will go buy fx to hoard and they deserve not only to lose their funds but must be prosecuted for economic sabotage as well.

Those being deceived to keep hoarding forex will get burnt severely las las.

It's criminal and unpatriotic mindset that will make an otherwise educated person who spends almost 100% of his day to day expenses in naira to still go and hoard forex and crowd out those who genuinely need it. If they don't get burnt, no defence of the naira will deter such unpatriotic elements.Not even EFCC that Mr Emefiele kept sending after them will make them stop.

I feel a need to point out the appalling ignorance in the thought process that enabled this person post this just because there were a number of likes to the comment.

Yea the FG reserves the right and indeed has a duty to protect the naira. But that is done by fortifying the foundation of the economy and boosting local production. If we cannot consume everything we produce , then we export the rest . The more we export , the higher the demand for the naira as foreign buyers will need either need to buy naira to pay our exporters or they’ll pay in FX which will result in a higher supply of FX and the price will inevitably fall.

But how do you start producing more than we consume ? Go back to your Business Studies is JSS3 and look at the factors of production.. Then add other factors such as power and insecurity and it’s not hard to see why we keep importing.
We have indigenous car manufacturers in this country , but what did our senate do ? They went to spend $160m of borrowed funds to purchase foreign-made cars . That money will end up abroad in the bank accounts of foreign manufacturers . Now tell me , are these senators not enemies of the country ? Why is the executive allowing this

But who is being attacked : An international businessman like me who gets paid in dollars and keeps the Fx in a Nigerian bank account for when I need to use . Or a grandmother in Nigeria who receives dollars from her grandson abroad and keeps it in her account for when she needs it . These are the people that are being targeted.

The people receiving FX from abroad are actually helping the country , Cos they’ll eventually sell it and buy naira . And if they choose to not sell it , then so be it. The FG and CBN will be overstepping its bounds if it tries any act of criminality like going after legitimately acquired income sitting in personal bank accounts. Such actions will result in immediate lawsuits. It’s a sign of a failed state akin to the likes of Venezuela , Cuba, North Korea to embark on such draconian steps while protecting the privileged political class.

If you wanna fix the country , fix and stop with the cosmetic solutions. Fix the refineries , fix the power stations , cut down on government spending and corruption, force the states to look inwards so they can reduce dependence on the Father Christmas federal government . Embark on a massive security drive by pushing for community and state policing. Just provide the right environment and you’ll see private citizens becoming more productive.

I don’t expect these points to make sense to everyone, especially those who are either ignorant of international business or those whose logical reasoning have been compromised by political or ethnic-religious affiliations. But I hope some people will understand .

Varunpulyani:
Northerners long for power dey don't marry miscreants like RevDesm0ndJuju or duro4chang those are Thier online animals who kill in the name of Allah.

Spot on

Raskimonojendor:
Mr Ibu is a Zombi-dient. He should tell Peter Obi, the principal of the Zombi-diots, to dash him just 5million naira out of the billions of naira Mumu Zombi-dients/Zombi-diots contributed for his campaign..Mr Ibu was one of those that helped canvass for votes for the agulu loser.

Reno is right on this. You don't like this, the lagoon is available for you to jump into

Why does it matter so much to you ? You wanna ask the sick man for a cut ?

Just drop your account number and name here haha

Pakute:
No!, Obi himself must donate, Mr. ibu donate fundraiser for am, therefore Obi must give out from dat money to Mr.Ibu. Any other person wey like to donate, na personal thing. If na during election, Obi for don carry camera enter Mr.Ibu's house, open e female voice to say "we are here to show you love", that love Obi must show am now.

He must ?
You can go to court to get an injunction on the matter .
Attention seeking whor.e

How much is dollar now ?

Keep posting rubbish while the political class cashes out everyday

Cooletempa:
Just leave and go back now. Perpetual tears everyday.

Why are you seeking my attention ?
I fuc.k only women not men .

Trust me , you don’t want this gbola in your arsehole

Nvestor02:
When you build house in the wrong area, your house will be demolished legally, no matter how you cry or play victim card.

If you don't like it, go back to your landlocked region where nothing good grows.

I know some yorubas, even many Hausas that their houses are demolished too. But na one particular tribe always play victim.

Imagine the so called wise people that always bought a scammer's land.

Mention one Hausa and the many Yorubas that were affected

Everybody knows Okota is an Igbo dominated area .

APCNig:
I think you should worry about your tribe where every family has a representative in prison in different parts of the world for drugs trafficking. I tribe where every family has daughters selling their bodies in Hotels all around the world. A tribe where every family has a son who has been beheaded in Saudi Arabia or Thailand for drugs distribution. Aren't you worried about your brothers who traveled abroad yeas back, and nothing has been heard from them because they have been jailed or executed somewhere for crimes?

Okay

Everything cannot be in Lagos

What are other governors doing exactly ?

What is it about this tribe and propaganda?
Since before independence, they’ve perfected the art of falsehood and changing of narratives , appropriation of facts and distortion of reality .

It’s like a software code implanted in their skulls once they’re born.

Beware my people , if they tell you it’s morning , go outside and check very well before you respond

Not the best option but better than APC’s candidate .

LegendHero:
Go and exhume Ojuku of cursed memory up from his grave. He will tell you a lot about Tinubu childhood.

Eko-Ile. Why so bitter ?
What he said must’ve really hurt you