₦airaland Forum

Singles are always in a rush to advise fellow singles about marriage. Una go dey alright. By the time you understand how this life really works, you'll learn that no two destinies are the same. I married my age mate and it's the best thing that happened to my life in recent time. Keep marrying age to express your broke ass dominance.. a woman who's respectful will always respect you no matter what age you are..

We borrow money to add to foreign reserve...

Withdrawal of the joint military is a threat to the pocket of the Generals, not Nigeria... War is money. They are not for stability......it's the funds that matter.

I wish I'll have the gut to drive from the west country (Somerset) to Halifax someday.

Another bill to enrich some elites

This is more than a war against Hamas.. this is simply asking the Palestinians to leave the Gaza .

Other youths will join them, believing it's cool to do so

I used this trainline back in 2016 when the first class was #600

Lol,
Who'll preside over the case

This car is worth 13m in the uk with the present exchange rate . So it's a steal for 15.5m for a bmw fan boy.

The fact that they want to feel like a man by all means show the integrity of what they feel is unusual.

These decamping looks more like a Greek gift from Wike... I doubt they're now working against Wike... Let's see how it goes in 2027

Politics... So that Russia won't gain foothold in Nigeria

Nigeria, Argentina. Two countries suffering from high rate of inflation... Foreign investors are cashing out here. They come in with a little dollar and change it to local currency and buy out the market...

Bro I hope they don't herd cows around that area.. that is one area that farmers cry every year

Am giving myself peace of mind

Everyone is saying tech tech tech, but there is no sector with much job insecurity than the tech.. right now the least thing you need is a sack letter in this confused world.

Expect more gun runners when Nigeria goes to war with Niger republic.

God is the greatest....

AGREEMENT n⁰10 :

RENOUNCE ANY MILITARY ALLIANCE WITH OTHER COUNTRIES, UNLESS AUTHORIZED BY FRANCE.

Most of these countries only have military alliances with their ex-colonizers simply because France forbade them any other military alliance.

AGREEMENT n⁰9 :

THE OBLIGATION TO SEND TO FRANCE, AN ANNUAL BALANCE SHEET AND A REPORT ON THE STATE OF RESERVES. NO REPORT, NO MONEY.

That is to say that the director of the central banks of the former colonies presents the said report at the annual meetings of the Ministers of Finance on the former colonies. This report is then compiled by the Banque de France and the French Treasury.

AGREEMENT n⁰8 :

THE OBLIGATION TO USE THE CFA FRANC (FRANC OF THE FRENCH COLONIES IN AFRICA).*

Although this system is not shared by the European Union, the French colonies are forced to use the FCFA exclusively.

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News
Mali Cancels All Colonial Agreements With France.
SourceThe Ghana Report
On August 7, 2023, 9:44 AM
Share
After independence, 14 French-speaking countries signed 11 agreements with France which are as follows :

AGREEMENT n⁰1:

THE COLONIAL DEBT TO REPAY THE BENEFITS OF COLONIZATION.

That is to say that the newly independent states must reimburse the cost of the infrastructures built by France during the colonization.
We are always looking for the details of the costs, the evaluation of the benefits and the payment conditions imposed by France on African countries.

AGREEMENT N⁰ 2 :

THE AUTOMATIC CONFISCATION OF NATIONAL FINANCIAL RESERVES.

That is to say that African countries must deposit their financial reserves with the Banque de France. Thus, France has been “guarding” the financial reserves of fourteen African countries since 1961: Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, the Central African Republic, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon.

Thus, the governance of monetary policies remains asynchronous and incomplete due to the fact that it is managed directly by the French government, without any link with the financial authorities of countries such as ECOWAS or CEMAC.

Thus, due to the conditions that bind the banks of the 14 countries of the CFA economic and financial zones, they are obliged to keep 65% of their foreign exchange reserves in an operations account maintained by the French Treasury, as well as an additional 20% in order to cover “financial risks”.

In addition, the banks of the CFA zones impose a credit limit on each member country, equivalent to 20% of state revenues in the current budget year, although the BEAC or the BCEAO have higher withdrawal possibilities from the French Treasury. These withdrawals must first be the subject of the agreement of the French Treasury.
The final decision, therefore, rests with the French Treasury, which has itself invested the reserves of African countries on the Paris stock exchange.

In other words, 85% of African financial reserves are deposited in an operation account controlled by the French administration.

The two banks in the CFA zone are African by their names but do not decide any of the monetary policies by themselves.
The worst thing is that the countries themselves do not even know how much of their financial reserves are due to them.

AGREEMENT n⁰3 :

THE RIGHT OF FIRST REFUSAL ON ANY RAW OR NATURAL RESOURCE DISCOVERED IN THE COUNTRY.

That is to say that France has the first right to purchase the natural resources of the land of its former colonies. It is only after France has said: “I am not interested”, that African countries are allowed to look for other partners.

AGREEMENT n⁰4 :

PRIORITY TO FRENCH INTERESTS AND COMPANIES IN PUBLIC PROCUREMENT AND PUBLIC TENDERS.

In the awarding of public contracts, French companies have priority over tenders. Even if African countries can get better value for money elsewhere.

As a result, in most of the former French colonies, all the economic levers of the countries are in the hands of French expatriates. In Côte d’Ivoire, for example, French companies own and control all major public services including water, electricity, telephone, air transport, ports and major banks. It is the same in trade, construction and agriculture.

AGREEMENT n⁰5 :

EXCLUSIVE RIGHT TO PROVIDE MILITARY EQUIPMENT AND TRAIN MILITARY OFFICERS OF THE COLONIES.

Thanks to a sophisticated system of scholarships, grants, and the “defense agreements” attached to the colonial pact, Africans must send their senior officers for training in France and are obliged to provide themselves with military equipment with France.

AGREEMENT n⁰6 :

THE RIGHT FOR FRANCE TO DEPLOY TROOPS AND INTERVENE MILITARILY IN THE COUNTRY TO DEFEND ITS INTERESTS.

Under the so-called “defence agreements” attached to the colonial pact, France has the right to intervene militarily in African countries, and also to permanently station troops in military bases and installations, entirely managed by the French.

AGREEMENT n⁰7 :

THE OBLIGATION TO MAKE FRENCH THE OFFICIAL LANGUAGE OF THE COUNTRY AND THE LANGUAGE FOR EDUCATION.

An organization for the French language and the dissemination of French culture has even been created. It is called the “Francophonie” and has several satellite organizations. These organizations are affiliated to and controlled by the French Minister of Foreign Affairs.

THE RIGHT FOR FRANCE TO DEPLOY TROOPS AND INTERVENE MILITARILY IN THE COUNTRY TO DEFEND ITS INTERESTS.

Under the so-called “defence agreements” attached to the colonial pact, France has the right to intervene militarily in African countries, and also to permanently station troops in military bases and installations, entirely managed by the French.

AGREEMENT n⁰5 :

EXCLUSIVE RIGHT TO PROVIDE MILITARY EQUIPMENT AND TRAIN MILITARY OFFICERS OF THE COLONIES.

Thanks to a sophisticated system of scholarships, grants, and the “defense agreements” attached to the colonial pact, Africans must send their senior officers for training in France and are obliged to provide themselves with military equipment with France

-Advertisement-

News
Mali Cancels All Colonial Agreements With France.
SourceThe Ghana Report
On August 7, 2023, 9:44 AM
Share
After independence, 14 French-speaking countries signed 11 agreements with France which are as follows :

AGREEMENT n⁰1:

THE COLONIAL DEBT TO REPAY THE BENEFITS OF COLONIZATION.

That is to say that the newly independent states must reimburse the cost of the infrastructures built by France during the colonization.
We are always looking for the details of the costs, the evaluation of the benefits and the payment conditions imposed by France on African countries.

AGREEMENT N⁰ 2 :

THE AUTOMATIC CONFISCATION OF NATIONAL FINANCIAL RESERVES.

That is to say that African countries must deposit their financial reserves with the Banque de France. Thus, France has been “guarding” the financial reserves of fourteen African countries since 1961: Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, the Central African Republic, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon.

Thus, the governance of monetary policies remains asynchronous and incomplete due to the fact that it is managed directly by the French government, without any link with the financial authorities of countries such as ECOWAS or CEMAC.

Thus, due to the conditions that bind the banks of the 14 countries of the CFA economic and financial zones, they are obliged to keep 65% of their foreign exchange reserves in an operations account maintained by the French Treasury, as well as an additional 20% in order to cover “financial risks”.

In addition, the banks of the CFA zones impose a credit limit on each member country, equivalent to 20% of state revenues in the current budget year, although the BEAC or the BCEAO have higher withdrawal possibilities from the French Treasury. These withdrawals must first be the subject of the agreement of the French Treasury.
The final decision, therefore, rests with the French Treasury, which has itself invested the reserves of African countries on the Paris stock exchange.

In other words, 85% of African financial reserves are deposited in an operation account controlled by the French administration.

The two banks in the CFA zone are African by their names but do not decide any of the monetary policies by themselves.
The worst thing is that the countries themselves do not even know how much of their financial reserves are due to them.

AGREEMENT n⁰3 :

THE RIGHT OF FIRST REFUSAL ON ANY RAW OR NATURAL RESOURCE DISCOVERED IN THE COUNTRY.

That is to say that France has the first right to purchase the natural resources of the land of its former colonies. It is only after France has said: “I am not interested”, that African countries are allowed to look for other partners.

AGREEMENT n⁰4 :

PRIORITY TO FRENCH INTERESTS AND COMPANIES IN PUBLIC PROCUREMENT AND PUBLIC TENDERS.

In the awarding of public contracts, French companies have priority over tenders. Even if African countries can get better value for money elsewhere.

As a result, in most of the former French colonies, all the economic levers of the countries are in the hands of French expatriates. In Côte d’Ivoire, for example, French companies own and control all major public services including water, electricity, telephone, air transport, ports and major banks. It is the same in trade, construction and agriculture.

AGREEMENT n⁰3 :

THE RIGHT OF FIRST REFUSAL ON ANY RAW OR NATURAL RESOURCE DISCOVERED IN THE COUNTRY.

That is to say that France has the first right to purchase the natural resources of the land of its former colonies. It is only after France has said: “I am not interested”, that African countries are allowed to look for other partners.

impose a credit limit on each member country, equivalent to 20% of state revenues in the current budget year, although the BEAC or the BCEAO have higher withdrawal possibilities from the French Treasury. These withdrawals must first be the subject of the agreement of the French Treasury.
The final decision, therefore, rests with the French Treasury, which has itself invested the reserves of African countries on the Paris stock exchange.

In other words, 85% of African financial reserves are deposited in an operation account controlled by the French administration.

The two banks in the CFA zone are African by their names but do not decide any of the monetary policies by themselves.
The worst thing is that the countries themselves do not even know how much of their financial reserves are due to them.

AGREEMENT N⁰ 2 :

THE AUTOMATIC CONFISCATION OF NATIONAL FINANCIAL RESERVES.

That is to say that African countries must deposit their financial reserves with the Banque de France. Thus, France has been “guarding” the financial reserves of fourteen African countries since 1961: Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, the Central African Republic, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon.

Thus, the governance of monetary policies remains asynchronous and incomplete due to the fact that it is managed directly by the French government, without any link with the financial authorities of countries such as ECOWAS or CEMAC.

After independence, 14 French-speaking countries signed 11 agreements with France which are as follows :

AGREEMENT n⁰1:

THE COLONIAL DEBT TO REPAY THE BENEFITS OF COLONIZATION.

That is to say that the newly independent states must reimburse the cost of the infrastructures built by France during the colonization.
We are always looking for the details of the costs, the evaluation of the benefits and the payment conditions imposed by France on African countries.

They even went with the presidential jet... a joke of a country