₦airaland Forum

sammyj:
Africans are the most myopic minded set of people on earth, rather than to build a real ship they are busy investing the fund on ship like building that can not move cargo from one spot to another. Let us start thinking positively instead of backwards!

You are the myopic person here. This is a work of art that should be appreciated.

Flattino:
Stupid post

stupid poster.

Pekele007:
This is utter bullshit conjured by an ignorantly misguided illiterate.

don't mind him. He an APC foot soldier

sekembaakesan:
I don't like Buhari's presidency but this is the spoken truth

People have been screaming about the exit of HSBC and UBS as sign of bad economics. That's a huge lie.

I will try to explain it in a very simple way.

HSBC and UBS were never set up for regular banking.

When I say regular banking I mean retail banking.

They never ran salary accounts; they were never set up to afford loans to customers etc.

Their sole purpose was to help customers who can afford their services an easy way to transfer funds overseas.

Many do not know that since the inception of BVN which has made it easier for financial regulatory bodies to monitor outflow & inflow on every account, HSBC has been plotting their exit.

If anyone can make their books public, you would find out they had more outflow than inflow.

BVN was created February 2014 and then enforced by this government as from 2015.

What did that do?

Every account owner was
forced to get a BVN code on their account (s).

So if law enforcement and financial regulatory bodies accuse you of fraud, with your BVN
they can tell.... which account(s) you have funds stashed.

Any account without a BVN can no longer be run.

Movement of (illegal) huge sums especially overseas became a massive problem.

So imagine a bank whose main source of revenue is moving funds overseas, suddenly can stay for months on end and the only customers you get are those who maybe want
pay school fees overseas or medicals, won't you close shop?

No more wires of $200,000 and above to Dubai to buy that exotic penthouse or carrying on with shopping sprees.

No more bank instruments to private jet companies... overseas.

The importation of big boy toys; yachts, helicopters have reduced drastically.

Now, once you try to initiate a huge wire transfer, CBN red flags that account and next thing you know compliance is calling the account officer to produce KYC.

Within minutes SFU is doing a background check, thunder fire you if you are a civil servant or close to government.

You would have to explain what the funds are for/how they were acquired and this drastically hit such banks like HSBC and UBS!

Banks like Stanbic IBTC are able to stay afloat because even though they use the same model as HSBC, they are also solid in retail banking.

Any bank that opens shop under this current government with the sole aim of moving funds overseas will surely fail!

Look closely at those who are leading groups against PMB they are private jet, helicopter, yacht, schooners owners.

Many own those beautiful houses we see in Dubai, Abu Dhabi, Oman, Muscat, Seychelles, London, USA.

Go to our airports especially Lagos and Abuja, all those beautiful girls who once used to sell Dubai real estate deals are out of jobs.

The few you see have stopped hounding travelers like before.

Once upon a time you would see them hanging around airports and 5 star hotels, it made me wonder why Nigerians were seriously marketing UAE real state.

How do you think the transactions were being made? Through banks like HSBC and UBS (many of our local banks also were complicit)!
Now every dollar that passes through CBN to a foreign bank must have complete paperwork! Bankers are now very careful, no one wants to be invited by SFU (special fraud
unit) or EFCC to produce a customer.

Who are those crying about their exit?

The Fayoses, Atikus, Ben Bruces and their minions etc.

Look at the youth coming online to defend them; many were being flown by helicopter to private resorts all over the country.

That tap has dried up and that’s the reason you see many of them online pouring vituperation on PMB.

About 4 years ago, I told a friend that if PMB wins election few banks would be in trouble, Buhari won and it didn't take long it started
happening.

Many of the bank heads used depositors monies to sponsor politicians/campaigns, when investigations started many tried to not only hide their shady deals but shield customers under investigation.

Why won't these people hate PMB?

Why won't they blame their woes on PMB?

When I say many of these banks aren't setup for the common man, people wonder at what I mean.

A very good example; write a lovely proposal for a good business deal and take to the banks and 90% of the time you wont get funding but let APC and PDP finish primaries and produce governorship candidates.

Both candidates can work into same bank and get as much as N500m each for campaigns. Banks didn't care then.

What's the worst that could happen? Worst case scenario, one candidate would lose. Whoever wins would bring enough investments that would cover the N1bn both took, that was conventional banking until PMB came onboard.

If say odudu bank sponsors Rochas and he wins he would make sure almost all state accounts go to odudu bank.

Some governors went as far as making their account officers commissioners as compensation (I don’t want to call names).

Some bank relationship managers would go on leave close to election period to join the clients on the campaign trail, once the client wins they resign their appointments with the bank and become political appointees.

Why would a bank worker do that if the bank hasn't invested heavily on that politician?

Suddenly PMB appears with this yeye BVN, TSA! Banks now see SFU officers like regular staff as they are monitoring everything. @officialEFCC under magu has become a pain in the ass because money can't just disappear.

Who do they blame? PMB!

The instant BVN came into effect; do you know how many accounts were lying dormant because of BVN? With huge sums in them! Many folks especially people being investigated wouldn't want to come forward to claim them; oga Magu and gang were waiting.

When many of these politicians or billionaires tell you the economy isn't doing so well, look closely at the person because many of them
own some of these 5 star hotels.

Some rooms go as much N300, 000 à night.
Once upon time some folks would pay for as much as one year for a room/suite upfront.

Many of those militants/ folks involved in oil
bunkering operate this way.

Mondays through Fridays they are in the creeks sabotaging oil installations, Friday they get into their convoys to PHC and then jet off to Abuja and Lagos where they eventually check into these hotels.

You enter a place like Transcorp weekends you see them at the lobby, poolside and by Monday morning, banks are wiring funds to these hotels to cover expenses.

Today, the oil bunkering isn’t as lucrative as it once was.

First price of crude has dropped so selling bunkered oil isn't really worth it as it used
to be.

Secondly many countries are cutting down on the purchase of crude and third our military is hitting them harder than before so who is to blame?

They tell you banks are falling because of PMB; lie! Banks are falling because banks were never made for the common man.

I mean naija banks! TSA has collapsed most government accounts into central accounts.

So we no longer have many government accounts littered all over our banks, many of such accounts were set up just to steal and launder government monies.

Are these tweets saying Nigeria has suddenly become fine for the common man? HELL NO!

Nigeria for some years now has never favored us the ordinary folks but this is the first time we are seeing the crooked elite joining us to complain!

The fact they are complaining means something is being done to halt their crooked ways. Whatever it is, BABA PLEASE Continue!

And as for the common man, we didn’t get here in four years! It took years of plundering, bad/no planning to get here. It will take a while to get us out.

Signed
Concerned citizen who wouldn’t want to get fired by Monday morning for
saying what needs to be said.

THE END



As seen on a Facebook page

shut up. you registered not long ago and posted this?

justice12000:
Nigeria government will pay anything to stop IPOB, instead of using that money to fix the problem causing the agitation. 2 yrs ago, they paid over $50 million to buy a satellite company that was hosting Radio Biafra. The funny thing is after they bought the company with oil money, the invisible owner, opened another satellite company and Radio Biafra was their number one client.They ask Nigerian government to buy that one too.

lol... Bros, tell another lie Biko.

Hum2020:
Well i will say buliding a bungalow and duplex depend on individual resoures(money)in both cases people go for a bungalow because of limited resoures while those who have the resoures for a duplex go for it because the have the money to meet up the Challenge that go with building a duplex

You didn't the purpose of the thread. We are not debating the limited funds here rather in a situation where money is not a problem, which is ideally a good option to go for.

dotcomnamename:
He didn't have one.

lol boss, how ireland na... i no dey see u for domain thread again. warapun bro.

Any way, give your input since the other guy no fit give...

Asquare84:
All the reason given above are not tangible

so please give yours.

Princedapace:
Exactly, for one thing, Obi is a great strategists. I am not saying he is the best, but he is really a great asset.

I would have gladly voted for the current VP if APC had presented him. The current VP is far better than Buhari. My goodness, Buhari is not just qualified to be a president of a complex country like Nigeria. He is best an Imam, or a muslim leader.

That guy is too bigot driven and blinded.

We share same sentiment. If APC want to finish PDP right now, they should have field in Osibanjo but that will never happen , sadly.

Esseite:
So to Balarabe, Nigerians should stick to a known failure as alleged by him, rather than trying a new channel?

He could have used this medium to campaign for PRP of which he is the BOT chairman..

dem don pay baba money jor. Forget it. If you noticed, there was a certain APC senator that attacked buhari and APC yesterday, my guess APC decided to do same with this tactics

Yeligray:
You all are focused on wizkid and tiwas issue but have you guys thought of the after effect, I mean what would happen to Tiwas son in school?... We all know how Nigerians schools are, yabbing everywhere..

so you actually believed they are dating? Chai... Nigerians. If I leave this country to west make my pant catch fire... The best place to make money has never been found than Nigeria

Princedapace:
Guy, e go be una like film.. Two prominent and loyal APC members have told ur party that it won't be easy like it was in 2015.

U guys won 2015 due to low turn out of voters in the east.. Watch out for next year..

Both international and local forces are against Buhari..

He is the most unqualified president in modern time.. Una go see how far.. The news I'm getting from reliable sources about some powerful business men and United States govt backed plans to chase Buhari out, una go shock.

Let not talk much. Buhari is dead upstair.. He has nothing to offer.. In fact, APC will depend heavily on rigging to win..

But this time around, they will meet rigging for rigging..

Lol... Leave those guys. They don't even know that some business men and entrepreneurs are willing to spend some millions to vote Buhari out because their business have suffered under Buhari.

VaselineCrew:
Do you really think much will change with an Atiku? You think security will get any better with an analog thinker?

A suggestion such as placing GPS trackers in Police cars, or Video Cameras, or providing them with Stun Guns, New Crime Labs... will NEVER EVER EVER cross the mind of a Buhari or an Atiku and you really think all of a sudden, Nigerias security apparatus will improve in leaps and bounds with the same old analog Malams in charge I wish I could transport you into the future right now to 2022 with an Atiku as the president and when you get back to the present, I'm sure you will tell me that Nigeria still faces major security challenges and that you wish to correct your future mistakes now.

calm. down... the time for that will. come. buhari has strong cult like following bro. Open your eyes.

The educated are among the most politically foolish in Nigeria. You are looking at things through your own fantasy and completely oblivious of the fact that there are more illiterates in this country than literates and it will shock you that the number of illiterate with pvc is more than literates with pvc.

Another shocker is that the illiterate don't come online, they don't listen to news, they are out there hustling.

You don't seem to know the country you are living in...

You think sowore can remove buhari?

You don't even see the foolishness in your decision... Atiku served as a custom officer, a state governor, a VP... Atiku spent his years building his name and brand. He didn't jump from one bush and announce that he wants to be a president.


Where has sowore, durotoye and moghalu served in capacity of Nigeria service rank?

If he and his brand of "young" cared so much about liberating Nigeria, they would have started as say a governor, a senate, or house of rep. Even Obama started from somewhere built his image.

How many people even know these names? Most of you think Nigeria's election is won on TV and online with motivational speeches.

Open your eyes and smell the Coffee. This is Nigeria z stop day dreaming and face reality.

VaselineCrew:
You should vote for him simply because he is more educated bro, like common. Ivy league grad How can you compare Atiku to an Ivy league Grad?

and Sowore is Yoruba and Ijaw, so there is no way igbos and yorubas can diss themselves.

Do people think it's easy to get into an Ivy league school?

you are naïve. you don't understand what's at stake here