₦airaland Forum

Land grabbers

Ayodejioak:
Here in Yankee even if u curently have $1000 dollars, you are millionaire at home. Come to think of it I make that in a week.

Realy?

Piyke:
@erico2k2 Howfar?
We need a report on all those dem DIY scheduled for the Christmas period

My guy nomind me, I could not do more than %30 of it, I was so upset cos the Mrs left tools in the Boot and the real owners took them., I only did a couple and at that had the local Mech to instal them with directive from me .But i still got the bits like them ones for the ignition, I realized I needed to buy a new key barrel and re build it.I had issues with the throttle body,my SUV has no MAF,I learnt this on a closer examination what it has is called MAP, I have to buy 3 sensors round that so when I go back again I will have to line up new jobs lol plus buy new set of tools with me this time and lock them up when I'm leaving.How did your one go bro?

4nobody4every1:
....Yeah and all those wharf rats will not see food to eat from importers like before

yes and turn to church rats ahah

4nobody4every1:
..True that, besides l still see some people exporting cars and different machinery to Nigeria, l wonder how to break even with all the hidden fees from customs, port authority, clearing agents & clearing cost etc

Thier fess will come down now cos no more import as B4

tiger28:
See this quack lawyer. ...tribalism has blinded you. A man has disregarded the law and you are saying the law should regard him?

The he'd of state did same what's ur take on that?Mon key see Monkey do.

scarffield:
Me jst dey pity d family of d policemen dat will suffer for dix stupidity of EFFCC!

Police wise.dem nor go reach there pas 30 mins so if sealed what next?

henryutd:
Access Bank pays dollars.

Today?

henryutd:
Let the money be transferred into domiciliary account. You withdraw your dollars and sell to the black market.

No longer possible the bank liquidised all Dom account and paid in Naira @ official rate. Someone here had that expirience just the other day scroll bck. To the guy who wants forex. Don't they have 3rd party agents like we do in the UK?

4nobody4every1:
..Gbam, exportation of goods to Nigeria does not pay much this days considering the dollar / naira wahala, property investment is what l am doing now and l think it is the best because it will appreciate, l cant bring in goods and sell at a loss, it does not make sense...

Yes oh. We nor fit work for NNPC go recieve salary payment of okomiko fulling station lol

midehi2:
she is a stingy girl, if it was me i will happily bring the balance out cos i know he will give me back double....but despite that, you were wrong going into her bag, na ur handbag?



dont dump yet, watch out for more lies, then you have concrete stand to dump her to where she belongs

You forgot the point where he said he went to take her fone out to answer

AmeLonRo:
I feel an investor will gain as s/he will transfer funds in USD or GBP to account in Nigeria. Withdrawal and payment for services can be done in USD or GBP too. So investors will be few bucks and convert it to giant naira.

He won't. Im facing same problem now.Goods I sent home where at rates 400 now I want the money bck so I can re invest I now have to buy at 500.that killed my profit and I have to add more to even withdraw my capital.
The only thing now is invest ur forex I to things like property in Nigeria.

oyinkinola:
...you don't think having that money back can improve our economy?

NOP.how much is it?do yoy realy believe these thieves called politicians? Have you seen any money returned or seized? From where are we going to get the so called stollen mo ey?did anyone go to jail so far?
Look believe these politicians at your own detriment.

14:
That means nigeria currency is becoming worthless.These happens when the economic activities diminishes and your currency is not in par with other countries, nigeria is not an island afterall. The best way is to leave your currency float, it will find its value without the government and CBN intervation.

what is currently happening, stagnating the economy. If i am an investor sitting in London and i wanna invest $500m in agriculture. when i transfer the money to nigeria, i get N100bn rather than N200bn. which means i loose N100bn, because Naira is not set at its true value.

For an example, lets assume i put $500m in nigeria today, and get N100bn in nigeria, after 3 months, CBN decide to devalue the currency to N400 to a dollar, after that i decide to take my money i invested back to london at N400 to $1. Back in london, i get $250m. that means i lost $250m in a space of 6 months. This is the reason that will crash nigeria economy, no investors will throw in money into a river.

Ask zimbabwe and Venezuela, they know it well.

Bro o your head dey there abeg drink one crate of Origin on my account I dey come lol
What yoy just described is what those Economist call Speculation. It is killing us.Devaluing the Naira earlier would have addressed this issue.I think it's now 2 late to even think of devaluation. We need to build confidece back I to the system. This can only be achieved with strong and robust economic policies. We need a world bank peronal to be in charge someone who can instigate savings.cut cost.stop waste get. Scrap some ministries. Merge some etc.Invest in power.and solid minerals up North. Encourage exports by means of various tax breaks. These are the kind of stimulating policies we want not these draconian ones we are seeing.

bezimo:
All these folks that are celebrating the fall of Naira.I hope you dont plan to travel out of Naija for anything because then you would know how far.

True talk.

oyinkinola:
any opinion on it.

Cos the problem we are facing now has nothing g to do with stollen funds. I got to do with a new wave of global melt down. China 's economy shrinked by %3 just now.

Chukzyfcb:
Oh,k.....well seeing that CBN has banned dollar for students abroad. I feel they might start selling to them abroad while their parents pay the naira equivalent into their bank accouts In nigeria. And yes about your previous comment, they'll obviously make profit of 50 or 40naira. Its a risk you know. My uncle lost few pounds thru these e-agents. He sent pounds in Nigeria and he receved stories that the money and that of other ccustomers was seized at the airport with these agents.....Its a Risk tho! But its a risk worth taking, rather than play to the gallery of the CBN

Nah these one here are ok.nothing like transferring physical cash.it's all do e electronically they give you co formation of payment and it's done instantly. As they have accounts with all Banks in Nigeria.

oyinkinola:
[b]....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?[/b]

Guy no vex oh.that's minus 25 years thinking.

Chukzyfcb:
I wish this was true, like I said I'm also in this state of turmoil. I called my account officer and she affirmed what I hve been saying....ALL MONEY IN THE DORM ACCOUNTS ARE TO BE PAID IN LOCAL CURRENCY @ OFFICIAL RATE....if you still doubt me, Visit your nearest bank branch & ask for more info. You think bank is running charity organisation.

That was a trick announcement the other week telling us to put forex in Dom account .I know they will turn arround and say it's now going to be paid in local currency at official rate.

Rayhut:
yes,exactly that is how they do the transaction,i am happy with them,kudos to the person that develop that idea.bad market for western union and moneygram,their rate is near to black market rate in naija

Ahah WE dead in the UK long time ago since 2004 I have never used them.with thier bad rates

Chukzyfcb:
Let's not go back and forth the issue...if you want phone-numbers of mallams who sell forex. Pm me,so you can clear your doubt. If you have friends in Nigeria, you can ask them what's the latest. You cannot be @ London & be arguing with one who is in Naija on the rates @ parallel mkt.
And if I get you correctly, £1000 was bought from you @ 450naira....which means you were cheated anywayz. Because it should have been bought @ say 500. But because its a business and they had to make profit, they buy from you 450 & sell to desperate guys there @ UK 500 or slightly lower than the Naijas blck market rate. #who now had the last laugh?

And no they don't sell in London they sell in Nigeria.they only do the buying here in London. You pay pounds here they pay Naira Into your bank in Nigeria. So everyone is happy

Chukzyfcb:
Let's not go back and forth the issue...if you want phone-numbers of mallams who sell forex. Pm me,so you can clear your doubt. If you have friends in Nigeria, you can ask them what's the latest. You cannot be @ London & be arguing with one who is in Naija on the rates @ parallel mkt.
And if I get you correctly, £1000 was bought from you @ 450naira....which means you were cheated anywayz. Because it should have been bought @ say 500. But because its a business and they had to make profit, they buy from you 450 & sell to desperate guys there @ UK 500 or slightly lower than the Naijas blck market rate. #who now had the last laugh?

I understand where you are going however there is nothing like cheat dnt forget there is logistics in transferring the money .they probably gain mayB N40 or N50 or so from us.but I can't be bothered to wait till wen I come to 9ja b4 I sell pounds .No o e these days carry physical forex to 9ja

Chukzyfcb:
Lool this is man you make laugh. You are in london, using a 3rd party. I'm in Nigeria telling you the rate in the black/parallel market. And you are still arguing. Did I tell you banks sell dollars, all I did was quote official rate...Okay ooo...kontinuu arguing with who dey naija.

Is it not the same people from Nigeria who co.e here to buy?or who do yoy think owns the 3rd party remittance? British government?

Chukzyfcb:
What do you mean its the rate on the book on the street? Is £1 = 450naira the official rate?
Were you the one who authorised it, go get some real info man!

This is the problem with you lots in ask b4 castigating
I sent £1k this morning from London to mu first bank account in Nigeria I got alert of N450. The BDC ha e agents here who wire money on the high streets here in the UK. We feed them and they in turn get hard currency to sell in Nigeria. This is how it now works. The Banks will never ever have dollars to sell at that rate.

Chukzyfcb:
Euro is 390, see the rates below
DOLLAR POUND EURO

That's the rates on the book on the street it's diffrent. £1 is N450

Boss13:
Cassava. Over to you

Do U eat cassava ?

ozoemenaca:
What do you expect, this is just the beginning. Change they want, and change they would get. Lie Lie Mohammed should also sack the PDP members causing the naira to fall. Funny people

Very soon E go B Jonah fault.

opal4real:
For those who believe in Buhari may your life be managed the way Buhari is managing our Economy. In d name of whatever you believe in.

Press Like to say Amen n Share to reject d this simple prayer.

Amen .Iseh

NaLaugh:
Damn! I'll be on the next flight to Naija if that happens. $1k = N1,360,000 = Maximum Chilling.

Guy as we dey talk like this £1k nah N450,000

Love Machine:
Buhari can never equates #1 to $1 as he promised.

NOP but his body language will.

Boss13:
Who are the mad people requesting for devaluation. We have not even devalued and the naira is about to hit the N400 ceiling. Apart from foreign buyers who are desperately calling for devaluation before it would be cheaper to buy our products, any other reason is untenable. We are in a fixed state, a terrible mess and we require an urgent redress of the present situation.

I still insist that the CBN maintains its official rate.

Devaluation would have killed speculation. The reason we are on this mess is cos of speculation. Global slow down is not peculiar to Nigeria but the value of thier mo ey did not depreciate at dame margin.

grayht:
[size=20pt]Someone pls wake me when will it falls to N1360... [/size]

Nov this year