₦airaland Forum

youngalex:
Bureau de Change (BDC) operators in Abuja have blamed the steady fall of the naira on deliberate hoarding of foreign currencies which forces them to buy from government officials and top politicians across the country.

Some BDC operators at Wuse Zone 4, a popular spot for foreign currency exchange, lamented that the pervasive scarcity of the dollars and other core global currencies is due to activities of highly placed government officials, top politicians and Central Bank of Nigeria’s (CBN) staff, who have found the falling naira as a way to line up their pockets at the expense of the nation.

On allegation made by a former CBN governor and current Emir of Kano, Sanusi Lamido Sanusi, that people sit at home and make calls to buy dollars from the CBN and resell, BDC operators corroborated it, saying, “It is true.”

Refusing to identify his name, a BDC operator said, “Dollar is scare, we don’t have it like in the past. For us to have it, we must identify who to approach to buy from CBN for us,” he said.

“Mostly, top government officials use their influence to buy from the CBN in the name of going abroad for official assignment,” he further alleged.

Asked if he knew anyone or had bought from them, he said, “My ‘oga’ (boss) does not sleep,” adding that “he follows them around, sometimes he goes to their houses in Asokoro, Maitama to beg them to buy dollars. He traveled to Kano last time to approach somebody for it,” he pointed out.

According to information provided by the BDC operators, ministers, key personnel at the presidency, top politicians not in government but with strong links as well as traditional rulers mostly from the northern part of the country use their influence to buy dollars from the CBN even at the old rate of N170/$.

This must have informed the allegation of Sanusi, who, according to sources, must have spoken from vintage position.

“My boss told me he buys dollars sometimes at N300 and N380 depending on individual sellers,” another BDC operator noted.

The CBN while trying to prop up the naira few months ago opened dual windows and harped that the naira was floated to subject it to market forces.

Unfortunately, the national currency has continued to receive intense battering and fell to N406/$ few days ago at the black (parallel) market.

Recent reports said the naira has shed almost 40% against the dollar in almost a year, making it the worst performing currency globally.

And if that was not enough, Sanusi ran scathing attacks on the Federal Government handling of the economy in general and the CBN currency operation in particular.

“You don’t have to be an economist to know that any system that allows you to sit in your garden, and with a telephone call, make one billion naira without investing a kobo, that system is wrong. It is unsustainable”, Sanusi said of highly placed politicians and top individuals who use their influence to buy forex from the CBN and sell to make undeserved profit.

“And just so we are not always blaming the previous administration. We have also made mistakes in this administration,” he added.

“And if we fall into the same holes that we fell into the last time where the government is always right… If a policy is wrong, it is wrong. Nothing will make it right and it has to be changed,” the former CBN governor asserted.

Investigations based on findings from the BDC operators have shown that CBN top executives know about the whole dirty deals.

According to information, they are helpless as they cannot stop immense pressure put on them.

“Often, calls come from various sources that are highly placed. The major culprits in requesting for forex which they possibly resell are the ministers and highly placed presidency staff, who the CBN executives cannot ignore,” a BDC operator told Independent, lamenting that he was tired of begging these “people for forex.”

Few months ago, before the CBN floated the naira, there were allegations against a key aide to President Muhammadu Buhari, who had unimpeded access to forex as the nation groaned under forex scarcity.

The CBN had defended its position, saying it did not sell dollars to individuals but the aide while defending his dollar purchases said he did not breach any law as he did not buy above the threshold set by the CBN.

There has also been allegation of the CBN leaving its constitutional role of being the bankers’ bank to the buying and selling of currencies.

According to the BDC operator, who spoke with Independent, “the CBN flexible forex regime has not worked in our favour or the country but has become the conduit pipe as Emir Sanusi has said to influential people’s advantage.

“Banks don’t have adequate forex and so the demand placed on us is high. But for you to get it, you must be prayerful that one government’s official or politician remembers you and comes calling to sell what he has gotten for cheap from the CBN,” he said.

http://independentnig.com/we-buy-dollars-from-government-officials-bdcs/

#teamaishabubu,#APCnewcompany,#tiftinibucronies

nairayouthcom:
the man self resemble animal..

he must be from calabar


@least a little respect for our Mr P

Quote me and thunder fire you and your generations

U b goat

HungerBAD:
The end of Dino Maleye politically.

You cannot be in the APC that brought you to power,and then pick a fight with Tinubu.

APC is Tinubu,and Tinubu is APC. Tinubu built APC singlehandedly,and do you think the party will forgive you for the insults and disrespect?

Even those that have had disagreements with him,have been more mature with their words. But,the woman beater that you are,I guess maturity is not in your dictionary.

I say expel him from the APC. He can go join his fellow thugs Like Fayose and Wike in the PDP.

ssshhhh calm down n shut dat una brown cocaine same like teeth of tiftinubu

[quote author=shinystar post=47371995]http://naijachurchnews.com/woman-killed-early-morning-preaching-abuja/[/quotet to d eyes it is a sad thing but to d heart what a glorious moment to b wit GOD afterall she has lost d world n gain her soul.HALLELUJA AMEN.and to dat alhaji dat sent d alamajiri u folks r like sAtAn dat thougt killing JESUS was a good idea but not knowing dat everything worked according GODSWILL.

ibe9ja:
Ultimate Warriors... Very soon we go hear the arrival of The Hulk Hogans.

Why can't Buhari just order the military to shoot at sight anything they suspect to be Boko haram, Biafra/IPOB, Ultimate Warriors, etc and their family members so that we may have peace in our coutry?

shut up n stop thinking like a sheep abi goat

KINGinVAHALA2:
They must not only produce tompolo but also Jonathan.
And the Nigerian Army should also beam their search lights and go ransack otueke in bayelsa same way they are doing in gbaramatu.

u r a pig search for ur arm robber fada

frekechinasa@yahoo.com

DONSMITH123:
A Federal High Court in Lagos on Friday assented to a request by the Economic and Financial Crimes Commission, EFCC, to seize all but one of the assets belonging to the former General Officer Commanding, GOC, of the Movement for the Emancipation of Niger Delta, MEND, Chief Government Ekpemupolo, alias Tompolo.

The presiding judge, Justice Ibrahim Buba gave this order after Tompolo again failed to appear in court to honour a summon on an alleged fraudulent land contract for the construction of the Nigerian Maritime University.

It would be recalled that the anti-graft agency had on Wednesday filed a motion before the court, seeking to freeze Tompolo’s assets. This was after the commission declared him wanted in a newspaper advertorial, following two bench warrants issued against him by the court.

The EFCC is accusing Tompolo and nine others of diverting and converting N46bn belonging to the Nigerian Maritime Administration and Safety Agency, NIMASA. But Tompolo has denied the allegation, accusing the Federal Government of coming after him because he refused to join the ruling All Progressives Congress, APC.

On Friday, counsel to the EFCC, Mr. Festus Keyamo told the court that the efforts by all security agencies to arrest Tompolo had yielded no result, as they were yet to get hold of the first accused person.

His words, “The accused person Tompolo failed to appear again and we brought and application for the seizure of all his properties as provided for by law.

“If an accused person continues to abscond from court and conceals himself from court after a warrant of arrest has been issued, he should be auctioned by the federal government. That’s what we have done and the court granted our prayers to seize his properties.

“We are going to separate the charge; we are going to keep his own until we get him or until we have auctioned his properties. We are just going to separate them so that he will stand alone from the other accused persons, because he is delaying the trial of the other accused persons.”

The presiding judge consequently granted the application for the EFCC to “seize all the properties belonging to Tompolo except all properties of Global WestVessel Specialist Ltd”.


http://dailypost.ng/2016/02/19/court-grants-efccs-request-to-seize-tompolos-properties/

freezing his property VS Nigeria loosing billion for 4year in ND dats just one of d consequences

moshino:
I have no idea what you're rambling about. But the OP was attempting an analysis using deductive reasoning, but the premise of the OP's analysis is flawed, and not comprehensive. Hence, OP's entire thesis becomes questionable. It's like getting an answer right, without correctly showing how you arrived at the answer. The OP could have just summarized what he/she was trying to say, without using pedestrian analysis.

before now u could not conceive any meaning full idea only to come out here n spill trash.enough of dat beclouded theoretical brainwashed state at which ur local alma has tried to package.

Baawaa:
Fact, though it sound childish

nobody needs ur contribution cos u sound so daft n empty.lowlife.

pamcom:
Still on the Okoye's fight ... Paul Okoye removes peters picture and replaced it with a studio before posting it on Instagram..

Peter saw the picture and reposted by changing the caption:

"And cutting me off from a picture and replacing me with a studio set says it all my bro. All because you want to sound matured And letting the pple insult and Laff at me. Peter Okoye the social media rant. I wish you well in all you do my bro. God bless our hustle#voice4thevoiceless


https://www.instagram.com/p/BB521zxysOx/

my people we will hold their wives responsible if the group split n my advice to all u 3 small immature boys dat refuses to grow up,if not dis music dis women no for send una n d person dat kill una MAMA is still at work to split u people.#letrebukedisshedevil.

Demdem:
Foolish woman. Foolish talk.
Arrant Nonsense.

na or mama n dem mama

OYIBN:
Stupid woman

name ur mama n dem mama

iSlayer:
She's talking like a militant

n u r reasoning like a goat

OAFMods:
Very nonsensical write up. Is Bruce the only politician that was successful before becoming a senator ? This OP is funny, over 90% of those people in the senator after 1999 election are extremely wealthy Nigerians not just rich.

The inferiority complex I see is the despicable write up you have put up in the defence of Bruce and to be sincere this defence is quiet pathetic. Do you mean to say Nigerians can not air their views about Bruce simply because he's successful ?

Do you have any idea how many senators are way richer than Bruce but do not go on Twitter posting controversial issues only to complain about the black lash resulting from such actions.

Do we as Nigerian have to start worshipping Bruce because he's half white/black ? OP you need to get serious Bruce understand what he was signing up for n as a very firm grip of the political lashes he's receiving at the moment after all he started his business from the area the backlash is coming from n am sure he as the guts to take it on which he's doing handsomely. He knows how to stop it if he chooses to.

This your defence to the barrage of insult trailing Bruce's controversial outpour on Twitter is too ame n can only leave him worse off.

u better shut up n go n treat urself dis disorder call complex b4 u come out here n spew trash OLOODO

great I need four machines peanuts coating machine potato washing and peeling n cutting machine plastic bottle capping machine soya milk processing machine
contact me 08094548650

modath:
Fayose's medication needs refilling....
He can't be a true Yoruba, his mama has questions to answer...
Zero honour, No dignity!!!..

u were from prostitute womb nobody complain

nawtibownie:
Fayose should shut his mouth jhor. Spilling trash since 1505BC.

u r foolish criminal ur father

rhymaster:
You must be the stoopid Steve in the movie?? Jonadarft was a corrupt dullard and no Amaechi didn't have to do anything, entire Nigeria voted out your god of otuekwe while still rigging the same rivers state. When will you understand urchins grow some reasoning brains?!

u r an idiot beside l blame DAT ur criminal popsie of urs DAT brougt u to did world

cathodekazim:
Why shd yu castigate him
Didn't ayo collect bribe from jonathan and pdp
Whr were you guys while ayo was busy selling can and spreading hate messages ( no wonder the catholics pulled out of can ) I think yu wil be d one to be fgtn

who r we to judge let alone a man of God wakeup

SLIDEwaxie:
Na who no gey work wey wan assassinate that impotent and worthless vulture?


Stop carrying fake news. His importance has faded away with the past corrupt administration.

No one hardly remembers or hear his name. His time don pass. Make he no dey try insert his name for book of remembrance jare.


Don't quote me o

u bastard son of a criminal lineage so uself can open ur filty smelling gutter call mouth against an ordained man of God u will only b forgiven if u r moslem but if u r a christian thunder will visit u

sammyomal:
Photos

wen an eskimo specie or zacheus,yet still a very dwarf being like el-rufai speak it is just like one wanting to b notice or heard in a crowd it is on record dat he paid abuja prostitute,slept wit peoples wife n stole abuja land shared it wit his wives n prostitute .el-rufai u r common criminal breed wit our common resource.

lolaxavier:
https://cdn.dailypost.ng/wp-content/uploads/2015/09/Andy-Uba_Bukola-Saraki_Dino-Melaye.jpg?a1f46c

A chieftain of the All Progressives Congress (APC) on Monday lashed at at Senate President, Bukola Saraki, saying he engineered his own predicament.

In an article sent to DAILY POST, Igbokwe wondered why Saraki disregarded the wish of his party, by leading “a gang of forty thieves” to disrupt the plan of the ruling APC.

He said Nigerians should not pity the former Kwara governor, because he tried to be bigger than the party.

The statement reads: “One of the biggest problems facing Nigeria today is impunity. It has led to corruption, arrogance, brigandage, deep political crisis and outright murder. This pandemic disease has led to near collapse of our economy, collapse of values, collapse of institutions and collapse of governance. This high table mentality in Nigeria has led gullible people to take laws into their hands and damn the consequences to the detriment of 160 million Nigerians.

“This is the reason why Senator Saraki ignored his Party (APC) directives and connived with a useless party (PDP) we just defeated to steal the Senate Presidency. He did not stop there, the criminal arrangement led to the emergence of Senator Ekweremmadu of PDP as the Deputy Senate President. The moment this brigandage took place we saw wild jubilation in the camp of PDP. Ekweremmadu went to Enugu State and told his people that PDP is back. A lady who is a PDP member mockingly said to me: “yes APC won the election but we have taken over the National Assembly” it was then that it became clear to me the extent of damage Senator Saraki inflicted on the leadership of APC.

“What Senator Saraki did is unheard of in the history of Party politics. Saraki made the world to believe that APC leaders are unprepared for the task of governing this country. Saraki’s inordinate ambition at once put a question mark on the capacity of leaders of APC to drive leadership in Nigeria. Saraki tried to prove to the whole world that he is smarter than all the leaders of APC put together.

“Saraki ignored 51 APC Senators who were in a meeting and went to do business with 49 PDP Senators, a party APC just defeated after sixteen years bloody struggle. Senator Saraki bribed his way to the clerk of the Senate and cajoled him to proclaim a Senate that is incomplete. Saraki and Ekweremmadu criminally changed the Senate rules in order to carry out the open robbery we saw in the hallowed Chamber of the Senate of Federal Republic of Nigeria.

“Because of the inordinate ambition of one man and lust to be the Senate President by all means Saraki ignored the President, the Vice President, APC governors, Senators, House of Reps members etc to sacrifice the unity of his party. Senator Saraki compounded the problems of APC, and mounted a major road block for its smooth take off considering that it is just coming to power after sixteen years in opposition. This man put spanners in the works and initiated a serious internal crisis within the ruling party that nearly made Nigerians who massively voted for APC to begin to lose hope.

“Saraki and his gang of forty thieves devastated the master plan of our great party to choose the right people to serve as the Principal Officers in the National Assembly. Since July 9 2015 when this shenanigan took place in the Senate and the huge dust it raised, Senator Saraki has remained adamant to disobey the Party’s directives and step aside rather he has continued to run from pillar to post to sustain a stolen seat. The lust for power, rapacious greed, avaricious tendency, and slave to public office have pushed Bukola Saraki to continue to work with PDP in order to weaken APC.

“But will Bukola Saraki succeed? Impossible. APC does not want Bukola Saraki as the Senate President and neither does APC want Ekweremmadu as the Deputy Senate President. Saraki has caused enough implosions within the party. He has brought public opprobrium to the party, he has slowed down the Party’s machinery from taking off smoothly, he has portrayed us as a weak party.

“Now is the time for him to go. Saraki has no choice than to go otherwise he will have himself to blame. Again if Bukola Saraki feels his hands are tightly glued to the exalted seat of the Senate Presidency and therefore cannot be removed, APC may be compelled to tear or cut his hands off, so that the National Assembly can move forward. No man is an island, and none can claim that he is the final word in APC.”

http://dailypost.ng/2015/09/21/saraki-doesnt-deserve-pity-he-and-his-gang-of-thieves-scattered-apcs-plan-igbokwe/

u r a criminal so had it been he did via for SP u APC for shut up GOD go PUNISH una generation in 100fold

Reekadict04:
And Who is this Dump Saraki 's Lawyer?

He should go back to his constitution and read it where it is clearly stated that the CCT and the high court have coordinate jurisdictions. Thus, the high court does not have the power to stop the CCT.

Saraki go and defend yourself. There is no more room for Corrupt people like you in Nigeria

You called the vice president 'A mere Commissioner', betrayed the President, your party and a whole Jagaban & you want to go Scott free? I hope you'd answer that when you go from Senate President to Prison President.

I rest my case

u no get say u so shutup

Bevista:
The Twist and Plot going on would make for a good movie.

The looser has only filed an appeal which might not be heard till Monday. The IG should obey the subsisting court order and get this criminal arrested already. He must spend the weekend behind bars.

This is one of the major problems with these criminals... using stolen funds to hire expensive SANs to abuse court processes. Just remember, even judges are now responding to Baba's Body Language.

u reason like a smaller version of tiftinibu n boko hari

marked10:
A selfie of a co-pilot who tragically died on Saturday, August 29, as a result of the Nigerian Air Force helicopter crash in Kaduna has been circulating in the Internet.


: http://www.exlinklodge.com/2015/08/so-sad-see-late-co-pilot-of-kaduna.html#sthash.NWJMjsIy.dpuf

bokoharam sympathizers inside d air force n a strong member of either of APC or PDP is behind d crash kaskiya

airsaylongcon:
Nope wasn't any of them. I can assure you that it was your prostituting mother and sisters

but u r a product of an harlot d think is flowing in u guys blood stop crying n pray DAT d curse shud end

airsaylongcon:
Approx 600 candidates spread across Hilton Abuja, Eko Hotel Lagos and Presidential Hotel PH. Interview lasted about 2 months. No candidate can categorically say how s/he performed.

u r a low life thief

airsaylongcon:
Saw this lady when I had to do something at the Eko Hotel and Suites in early July. She had just come out of the gym. Na dat day I confirm say all rumours about her ashawo runs na true

u sure say no b ur sister or or maàmaà

obailala:
If Jonathan is confirmed to have personally stolen money, he will be disgraced and he will be made to return the recoverable loot and also expose his cronies... And yes, he may not be sent to prison out if sheer respect of that is what would make all ye wailers happy.

u think becos ur p.pa stole n paid his bride price mean say everybdy dey like am