₦airaland Forum

providencia:
What if he take the case back to court? I'm trying to learn

I don't think it will work out for him because the impeachment has already begun.

He could only stall for a few weeks max because a court has no legal right
to stop the house from carrying out its duties.

There may still be some cards he could play but he will only get a short reprieve.
The best plan is to delay the impeachment process from starting in the first place
but he blew it.

atiku4President:
She behaved like a Nigerian politician. Very ungrateful and disloyal challenging someone who gave her chance to serve in the immediate past

Only a Nigerian like you will see political office as space for reward and loyalty.
I am not surprised at your comment given that you support Trump who
epitomises all the worst attribute of a Nigerian politician.

nabiz:
United nations should go and rest. Do they really love Africa. If I become a president I will never believe un, imf, who etc. They are african enemy.

Belief or no belief doesn't develop a country.
It is what you produce and how you manage it that count.
Given that you see enemies everywhere, you will be a very bad president for
the country as you will be fighting imaginary external war while the real problem festers at home.

I knew Shuaibu was a goner when he withdrew that suit.
Obaseki is a certified snake that has nothing to lose since he is in his second time.
Instead of Shuaibu to stay in court and stall any possible impeachment
till the end of their tenure, he was manipulated
into withdrawing the case by some political jobbers.

Where are those advisers and guarantors now that Obaseki is out to destroy him?

Lumarstone:
Why can't goverment retrain these people and license them to make there operational legal to enable NIGERIANS have essess of petroleum products.

Hence it's now established that those people called illegal refinary operators can produce those products, I think goverment should give them amnesty internationally for training and retraining to enable the country in the nearest future produce All this things locally than spending huge amount of money in importing it.

I left..!

Anybody can produce the product with few youtube videos when the raw material is free, that is stolen crude oil.
If they buy crude oil at the international price, they won't last a week in business.

Okay.

Kelklein:
go and check, she is a nurse.. once they get that Nursing degree in the UK, they turn to something else.. same degree the husband paid for in getting. Very common with African women in the UK.

This same scenario has cursed so many homícide and súicide in the UK. African women need to take it easy tho.

Don't misinform readers here.
Thousands of family remain together for years without separation issues.
Then you guys latch on to few problem marriages that make the news to construct a false narrative.

festacman:
One day after their father leaves office and his political influence wanes, they will look back and wished they had done things differently with opportunities his presidency presented.

The bold is never going to happen.
In the worst outcome, they retire to the US as multimillionaires in dollar.

CluelessMODS:
😆 Lol.....Do you live in the US? Is California a Republican State?

Don't blame him. There are lot of Twitter and Telegram groups where his
likes are brainwashed with facts.
Every American kid know that California is a no go area for republicans
let alone Trump that is detested over there.
But the OP didn't know because he just picked up bits from here and
there and then mash them together.

naijapips02:
He has absolutely zero chance. Trump is gaining new votes within the black and Latino population. Go and study now Trump won California by a wide Margin.

Are you talking about the US or another country?
You mentioned Trump and placed California in the same sentence.

Please and please refrain from discussing US politics because you obviously
don't know how the country is politically structured.

The writer has been fooled. He thinks he can help CBN on a goose chase.

The $26 billion is a figment of Cardoso's imagination.
They needed a scapegoat for the falling Naira and they found
Binance a good spot because some group of idiots kept posting Binance's USDT
rates as the true exchange rate even though we know that USDT is not
dollar and you don't need dollar to buy USDT.

With the fact that Binance has been banned in several western and anti-Chinese
countries, the CBN latched on to it and label the platform the face of evil.

If the CBN believes that Binance determines Naira exchange rate, all it need do is
to push its own agents or make deal with some BDC to register on the platform and
manipulatively sell at the lower "true" rate so those quoting the rate will be forced to adapt or leave.
It could alsoe have secretly pressured Binance to remove or limit the activities of the "manipulators".
Binance did about a million dollar-Naira transactions per day. Imagine if the CBN opened its
own kiosk to generate $1 million USDT at the true rate, the "manipulators", would run out of business
or be forced to sell at the "true" rate.

But the government needed the theatrics, an external scapegoat that people can curse and attack for the bad economy.
It is all showmanship.

In few months, the whole Binance issue will not be mentioned anymore and it will be quietly retired.
We won't get any update about the $26 billion or the owners again after that.

NinjaMetahuman:
Why is Nigeria still doing the nonsense opec?


Nigeria is currently facing fx crisis and one organization is telling them they cant sell stuff that will fix the problem.

Sell 2 million barrel at $70 per barrel or sell 4 million barrel at $30.
The choice is yours.

Emu4life:
This OPEC caps doesn't make sense to me. How can Saudi Arabia, Iraq, Iran, UAE, Russia, Kuwait and others with small population have times 5 (or even more) of the Nigerian qouta despite our large population?

If we have sensible leaders, we should have exited OPEC and targeting 10m barrels production per day.
Honestly, this OPEC qouta shit doesn't make much sense.

Without OPEC, oil may sell for $20-$30 per barrel.
Good for the buyers but bad for the government.

And if it comes to every country producing their maximum,
Nigeria wouldn't even make top 20 and the so-called production
increase will be eaten away by production.
Yes, our oil is one of the most expensive to produce.

UnfairLife7:
at least the presidency will lose out of office while military take over

Which presidency?
Are you sure you are a Nigerian?

Adewale1603:
These people should start going in multitudes to those politicians and Minister's houses to raid and loot their food stuffs. There is power in population and multitudes, if they all invade there in large population, they will all run away for their dear lives from their own houses

And you think you will be safe after the mob is done with the politicians houses?
In a state of anarchy, the poor suffer the most.
Haiti is a live case point.

israelmao:
Please would you make a list of those private companies that receive incentives like FG favourites BUA and Dangote?

I think you should make a list of billion dollars Nigerian private companies that do not get incentives.
Not incentives include tax rebates, tax holidays, tax for works, contractual preference or others.
In short any thing that would increase their productivity.
Neither Dangote nor BUA are favorites. What they enjoy is first to market advantage.
You are free to gather enough capital and enter the sector too.

Creamypie:
Naturally, this thing dey women body. To treat other kids not birthed by them differently. Its only in specific cases, they treat em equally

There is a difference between abuse and treating other kids differently.
Even men treat their step kids differently let alone relative kids.
It is not peculiar to women.

Mynd44:
The problem with Labor is that they didn't stay neutral in the last election. It is difficult for a lot of people to believe they are not doing whatever they are doing for political reasons instead of the welfare of the people in the union. It is a weird place they put and have now found themselves

In almost all democratic countries, Labour unions support certain political parties
with socialist leanings e.g UK and US even with huge donations.

What we should concern about is whether the labour union has legitimate requests
given the current economic realities and not the party they supported.

Why radio program instead of confirmatory test?
I guess DNA test is very expensive these days.

Asked for comments about Binance’s position, Mr Onanuga said his statement to the BBC was misrepresented in the media, noting that he never said the company had been informed or that the fine had been concluded by Nigerian regulators.

Chai Onanuga just deflated his supporters ego.

As for those who would cite the US fine on Binance founder.
Binance have a an actual US Business and the fine was arrived at through lengthy negotiations and not arbitrary statement.
Also, Binance founder was charged for a real crime after years of investigation which is
that he was encouraging money laundering by
letting Americans trade on the platform when it was illegal to do so.

In Nigeria, it is not illegal to trade on Binance. There is no law against it yet.
So, the only fine the government can impose is of encouraging money laundering.
The real fine will be very small compared to the rash $10 billion dollar.

For the government to get any fine at all, Binance will have to be convinced that it
would be allowed to continue operating after the fine.

As to the detained Binance executives, they are definitely not worth $10 billion.
Maybe $10 million dollars.

Unlike the US with global financial reach, Nigeria cannot sanction Binance outside of Nigeria.

hmm

ozo13:
na only Nigeria dey take nonsense oooo without any regulation.Am sure what Binance did to naira free fall if it were to be US they will pay a huge huge damage fee

Binance fine in the US has nothing to do with the US economy.
It is because it allowed Americans to trade even when it was illegal to do so.

Binance did not and cannot do anything to any economy outside of what the government encourages.

He should have received donations for his birthday and then distribute it to the needy.
Some people only donate to the rich!

israelmao:
If a secondary school boy got the kind of incentives BUA and Dangote are getting from FG he will succeed with ease.

Ask yourself why the government will give incentive to a secondary school boy who isn't proven to
be able to manage a small kiosk successfully?

All big Nigerian companies get government incentives because they already prove that they know
what they are doing since they started with private investors.

OlujobaSamuel:
rebagging cement, nothing wey una conspiracy no dey come up with, you think sey na pre 2006?? Or na rice??
No one distributor rebags cement, the price difference at any point in time has never been more than 200 btw different products, who has time to transport from factory A to a location so you can rebag to another product then transfer to the final destination, no one has such time.
No financial benefit, no cost savings

Don't mid him.
He is one of those who thinks BUA cement is #3500 while Dangote is 10K

ibrocool:
As expected, the demand for BUA cement increases due to the reasonable price. But the sad reality is the retailers are busy re-bagging to Dangote cement and selling at high price. That is why it looks as if BUA cement does not exist in this country.

Nobody is rebagging BUA.
Go and price BUA cement to clear your doubt.
It is not 3,500 as claimed in some media.

Financial iliterates everywhere.
It is called investing not handing over and Blair was merely a facilitator.
I can't see anywhere in the article where the funds went missing or depleted.

Ibrahimcoomasie:
1. Yes they would be allowed after stringent policies are put in place by the binance.

Binance will never trade Nigeria P2P again.
Given that fact, it will not pay the fine as it has no Nigerian asset that the government can seize.

2. No. The financial regulatory organization of your country does not need a court ruling to slam fines on financial institutions. Fines are regularly slammed on Nigerian banks.

You are correct.
But this is like fining a company 200% of all the business it ever did in a country.
The fine will never materialize, maybe a small fraction of it.

As to the detained Binance executives, I am not sure they are worth even $100 million dollars to Binance.

Offpoint1:
I don't understand this gas debt, where does the electricity bills we paid monthly goes to?

You currently pay less than 40% of the actual cost of electricity.

Ulogwe1:
But are you aware, some persons with old stocks just hike their price to the current price.

Yes, that is what many shops do.

To all those attacking retailers.
Some of you have the means to setup a retail store too.
Just do it and sell at 30-50% lower price.
Your customers will thank you.

Ulogwe1:
Yes, the thing is not as bad as we think.

Imagine, my wife went to the market today. About to buy GOLDEN MORN, the first retailer told her the role is 1800 naira but she was wise enough to go the next retailer shop and lo and behold the second retailer sold it 1,600 naira.

You can see they are hiking price of commodities all in the name of dollars and the Government.

AT A TIME LIKE THIS, WE ARE THR ENEMY OF OURSELVES.

The second shop still has old stocks and didn't update the price.
When the owner go for a restock, they would adjust to the new price.