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Politics / Re: Edo 2024: Labour Party, Apapa Factions Clash Over Governorship Primaries by naijapower(m): 6:02am On Dec 30, 2023
Nigerians by now should be tried of destructive politics. Productive politics is the way to go.

Politics / How The FG Can Earn $50b Revenue Monthly With Pin-funds by naijapower(m): 7:55am On Oct 15, 2023
Any Suggestion to make Nigeria great will be appreciated,So read and make Suggestion Please.
Nigeria has a population of over 200 million people. With 50 million people participating in the PIN-Funds sales program to earn a monthly income for themselves by generating sales for the PIN-Funds.

The Calculation
Each Nigeria participating in the PIN-Funds sales program is required to generate 100 transaction per month minimum.
Each Transaction will earn the:
Nigeria Federal Government : $10
Nigerians Participating: $5
The monthly income for Nigerians participating in the sales program will be:
$5 (Sales Commission) * 100 (Transactions per month)
= $500 * N776 (Naira to Dollar Official Exchange Rate)
=N388,000= monthly.

The monthly income for Nigerians Federal Government will be:
$10 (Sales Charge) * 100 (Transactions per month) * 50 millions ( Nigerians Sales Agent )
=$10 *100 *50,000,000
_=$50,000,000,000=
$50,000,000,000 * N776 (Naira to Dollar Official Exchange Rate)
=N38,800,000,000,000= monthly. more than the whole budget of Nigeria for a year.

What next?

HOW THE PIN-FUNDS MARKETING WILL WORK
1: Interested Nigerians or any Foreigner residing in Nigeria only are to register with the PIN-Funds free of charge
2: Obtain an Identification
3: With their identification and the PIN-Funds advert material, they are to market the PIN-Funds by creating publicity for it.
4: Interested investors use their id to complete the PIN-Funds Investment form and make payment into the PIN-Funds Single
Investment account.
5: Confirmation alert is sent to the PIN-Funds Sales agent and the Investors.
NOTE: The Investors also get an eCertificate which he/she can exchange for cash.
6: The PIN-Funds sales Agent commission for sales is directly credited in his account with a designated Nigeria bank, while the
investment fund is credited into the central investment account.

NOTE: Apart from the Nigeria Federal government, Local Governments in Nigeria will also benefit directly from the PIN-
Funds, thereby boosting their internal generated revenue.
[NOTE:
1: CONSTITUTIONAL BACKING
For the PIN-Funds to be sustainable and successful, the National Assemble must pass a bill establishing it and regulating it.
that way investors will have confidence in it, and it will not be mismanage or suspended pr stop by an individual.
2: TAX BREAK
Project were the PIN-Funds are use for, will enjoy a tax break for 15 years across all level of government.
3: PRODUCT SALES POINT
Produce from the PIN-Funds projects can only be offer for sales at designated points in the 774 local government areas
across the nation, thereby generating revenue for the Local Government Authorities.

What then is the PIN-Funds?
The PIN-Funds is Production In Nigeria Fund, designed to allow interested investors to invest there money in order to[b] make 100% return on their investment[/b]. The funds will be use to esterblish facilities for the production of goods across Nigeria.

BENEFITS FOR INVESTORS
> 100% Returns on Investment within 36 months
> Yearly Dividend on investment for 30 years
NOTE: Investment Money and 100% on investment will be peg to Gold value as at the time of investment.
> PIN-Funds Ecertificate are transferable, meaning investors can exchange them for cash at anywhere in the world freely.
> The PIN_Funds will be legally back by the National assembly Act, thereby making it a very safe investment funds

AIM OF PIN-FUND:
The PIN-FUND is designed to make Nigeria self sustaining ,by estarblishing facilities that will produce most of the items we
import and create Jobs for Nigerians while generating revenue for government at all level.

HOW THE PIN-FUNDS WILL WORK

First the National Assembly will need to pass a bill establishing and regulating the fund. this way investors around the world
will have confidence in investing their fund, since it has the backing of the National Assembly.
Also operation of the program will follow lay down rules in investing the fund in establishing factories in the country.
The main idea is establishing relevant factories that will create jobs, generate revenue for all level of government.

Note: There are lots of factories that needs to be in Nigeria, like Tyre, Lithium Battery, Energy Bulb, Electric Vehicle, Solar Panel, solid mineral processing plant etc

Secondary. Local Government will be invited to name industries they want in their locality. Since Europe, Japan, America are moving into green economy, Nigeria should also follow same path by focus the funds on green project in particular..

Funds received will be used to set up relevant factories only and these factories should sell shares to Nigerians.
Management of these factories should be strictly monitored to avoid abuse. Banks should be encourage to buy share and sit on
the management board to provide check.

1 Like 1 Share

Politics / Re: We Confirmed That Tinubu Forged Certificate Of A Black American – Atiku's Lawyer by naijapower(m): 7:08pm On Oct 05, 2023
Both Atiku and his lawyers are making very big mistake.

Reason after supreme court verdict

2 Likes

Politics / Why Supreme Court Will Rule In Tinubu Favour. by naijapower(m): 5:34pm On Oct 05, 2023
In light of the recent development at CSU, the Supreme court will be the focus of every Nigerians . Those against and for Mr President.
From my understand of how things will play out.

Mr President will apply to CSU for replacement and Submit same to INEC. Stating the there was error in the document submitted to inec.
The reason because Mr President paid for replacement but the person, he sent to pick it up did not , but went and reproduce one and submit to inec.The Person in question will appear in court and admit his action which will clear Mr President.

Being President Inec will accept.

Or

The Supreme court can simply say, that CSU has confirmed that Mr President attended and graduated from CSU with very good grade.
All other information are technical error, case dismissed.

But Mr President can counter Atiku with just one point.
Business / Earn Money With AI by naijapower(m): 9:15am On Sep 29, 2023
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Politics / Re: FG Targets Wealthy Nigerians In New Tax Drive by naijapower(m): 9:08am On Sep 29, 2023
Companies are making billion ,because the leverage on what they have.
Nigeria has a population of over 100 million people, toll gate on strategic road is already earning government million daily.
Removing Corporate tax will attract industries into Nigeria. Jobs will be created.
Taxing wealth will cause the rich to hid the wealth in safe haven, which will affect consumptions locally.
Nigeria government at all lever should remove all tax and introduce services charges for strategic services. as it will boost competition among states,lga and fg.
There are lot of services state,lga and fg can do to generate lots of revenue to cover budget

3 Likes

Celebrities / MOHBAD Death Has Cause God To Come Down To Visit NAIRA MARLEY by naijapower(m): 4:35am On Sep 20, 2023
May God grant the family of Mohbad, the grace to bear the lost of their son, husband,father, brother,uncle friend etc.

Mohbad is gone, but the manner he died and was buried cause people to asked questions.

God allowed him to die to draw Nigerians attention to issues affecting Nigerians trying to make it legally. Yes many stories are online, and Only God knows the truth of the whole matter.

Jesus Christ said, if you have not sin ,cast the first stone.

Now the main reason for this write up is center on Naira Marley. I do not know him from adam, but while praying,Naira Marley came into my mind. and a thought came to me that God has come down to consider the life of Naira Marley and that of all Marllians especially and that of Nigerians in general.

In Genesis 18 vz 20. and Jonah 1 vz 2 . There are two great cities. that their action cause God to come down . One was destroyed and the other was save, though they committed sin before God.

God has come down to look at Naira Marley case and that of all marllians, because the cry of people have gone to God.

Naira Marley has all the opportunity to go to God and defend himself before God like the people of Nineveh or ignore God like the people of Sodom.

In Psalm51, David prayed and God answer.

Men will purpose, God is the only one that knows the truth and He is the only one that can degree a thing and it will stand.

Naira Marley should go to God on his own and let God be the judge of the matter, if he allow men to judge him, am sorry ,mercy will not be shown him. The early he goes to God the better for him and all marllians.

Business / Re: Dollar Debts: CBN Repays Banks Next Week, Naira May Rebound by naijapower(m): 10:37am On Sep 06, 2023
He said, “For the last few weeks, we have been investigating and quite a few players have been bringing in money and selling at less than the official rate. One of those we have investigated recently is Crown Agent.

Why persecute when demand is high and price is also high
Politics / Nigeria Is Making Mistake In Niger. by naijapower(m): 10:39am On Aug 06, 2023
I will not say much.
Note:
The Person that advised President Tinubu to cut Electricity Supply and Imposed other punitive actions on Niger today has destroy the tomorrow relationship between Nigeria and Niger. In respective of whom become Niger's leader tomorrow. The Government of Niger will not forget the actions Nigeria has taken today and will put in place programmes that will protect Niger national security from Nigeria ability to cripple their government.

* Niger will dam their end of the River that brings water to River Niger, thereby crippling Kanji Dam (ask Egypt and Ethiopia).
* Niger will build their own Electricity Generation Plant to supply their country with electricity.
* Other action will follow, let me not give Niger idea.
Crime / Re: Bishop Lamor Whitehead Robbed At Gunpoint While Delivering Sermon On Livestream by naijapower(m): 6:46am On Jul 26, 2022
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Crime / Bishop Lamor Whitehead Robbed At Gunpoint While Delivering Sermon On Livestream by naijapower(m): 6:38am On Jul 26, 2022
Bishop Lamor Whitehead says five to ten minutes into the sermon, he saw the door in the back of the room kicked open and three to four men walked in with guns. He believes he was targeted, the station says. The service was being livestreamed.

"I said, 'Alright, alright, alright,' pretty much stating that I'm not going to do anything because I know you're coming for me. You're coming straight to me. I don't want my parishioners hurt. I've got women and children there," said Whitehead, of Leaders of Tomorrow International Ministries.

"As I got down, one went to my wife and took all her jewelry and had the gun in front of my 8-month-old baby's face. Took off my bishop's ring, my wedding band and took off my bishop's chain, and then I had chains underneath my robe and he started tapping my neck to see if anything else. So that means they knew. They watched and they knew that I have other jewelry," he explained.


The church's livestream shows the gun being held on the pastor.

"They had guns on my deacons that was at the door," said Whitehead.

What you don't see on camera, Whitehead said, are around 100 congregants who were in the room. Men, women and children dropped to the floor in silence.

"My church is traumatized. The women and children are still crying. Babies are still crying," said Whitehead.

According to police, the men took off in a white Mercedes. Whitehead said cops have a license plate and witnesses saw the men change clothes outside.

"These men, they need to turn themselves in," Whitehead said. "I forgive you and I'm praying for you, and I hope that God delivers you from the mindset of who you are at this time."

Whitehead believes his family was targeted because of the publicity he received when he helped turn in the suspect wanted in the fatal subway shooting of 48-year-old Daniel Enriquez in May.

"I turned him in, but the media called me 'the bling, bling bishop.' They had my Rolls-Royce caw all over everywhere, and I feel that that played a part in this," said Whitehead. "I think all pastors should be able to get permits for pistols."

The NYPD is investigating and Whitehead said Mayor Eric Adams and top police brass have called him pledging support to find the suspects.

In a statement, a spokesperson for the mayor said, "No one in this city should be the victim of armed robbery, let alone our faith leaders and congregants worshiping in a House of God. The NYPD is investigating this crime and will work tirelessly to bring the criminals involved to justice."

No one was hurt during the robbery.
https://www.cbsnews.com/news/lamor-whitehead-brooklyn-bishop-robbed-gunpoint-sermon-livestream/

6 Likes 3 Shares

Celebrities / Chris Brown Charges Fans $1,000 For VIP Meet And Greet by naijapower(m): 11:16am On Jul 24, 2022
Reports indicate that America Singer and rapper Chris Brown charges fans $1000 for a VIP Meet and Greet.

Chris Brown’s huge charge for just a meet and greet has garnered massive reactions online.

The ladies who attended the Meet and Greet shared photos from their time with Chris Breezy.

The reports say Chris Brown charged $1000 for VIPs for an exclusive meet and greet but netizens have shared their 2 cents on the rumours.

To some of the fans the charges are too huge for just a behind the scenes meeting.

Others were also unperturbed about the price tag as they branded Chris Brown as a genius

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Politics / Why You Should Support And Vote TINUBU In 2023 by naijapower(m): 6:03am On Jul 17, 2022
According to ait advert years back, Tinubu was portrayed as the biggest Landlord in Africa.
Why was Tinubu the Biggest LandLord?
Because he had both the Political Knowledge and Will Power to get the result he wanted.
Having both Political Knowledge and Willpower at same time is lacking in most politicians.
From 1999 till date, lots of politicians came on the Nigerian political scene, but nearly all have gone to oblivion.
Lots of them have become politically broke.
Tinubu is not a Religious saint, but a money making saint yhats knows how to use available resources to make money and create jobs.
Nigeria has lots of resources that will create jobs for all Nigerians and infrastructures, if Tinubu comes onbaord, he can leverage on Nigeria resources to create jobs and build infrastructures
NIgeria is like a vehicle, that need a good driver and not saint to drive. Tinubu is a good driver.
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Tinubu made money from structures he created , Structures that employed millions of people and boost the igi of Lagos.

Autos / Do You Have A Nigerian Used Car To Sell by naijapower(m): 6:23pm On Jul 14, 2022
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Business / Make Fast Legal Money by naijapower(m): 9:52am On Jul 14, 2022
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Politics / Re: Atiku Returns From Vacation by naijapower(m): 9:50am On Jul 14, 2022
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Politics / Re: Buhari: Presidency Is Tough, I Am Eager To Go by naijapower(m): 8:04am On Jul 12, 2022
Nigeria go better

TV/Movies / Re: Big Break Moment Africa Reality Show: 500 Students Auditioned In FCT For N30m by naijapower(m): 10:00pm On Jul 11, 2022
when pure Creativity match pure Support pure Success is always they case.

Car Talk / Re: Igbo Christian Buys Toyota Corolla As Sallah Gift For His Hausa Driver by naijapower(m): 9:26pm On Jul 11, 2022
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Foreign Affairs / New Zealand To Help With Ukrainian Military Intelligence by naijapower(m): 11:06am On Mar 28, 2022
The island nation is sending nine officers to assist colleagues in the UK and Belgium
New Zealand to help with Ukrainian military intelligence
New Zealand is going to assist its European allies in gathering intelligence on the Russian military operation in Ukraine, Prime Minister Jacinda Ardern announced on Monday.

The New Zealand Defense Force will use its capabilities for the next three months to support the UK and other European partners, “taking advantage of the time zone difference to help with key tasks during their night time and our day time,” Ardern told the media after a cabinet meeting.

The island nation’s ministers have decided to immediately deploy nine officers to the UK and Belgium “to assist with the heightened demand for intelligence assessments” amid the ongoing conflict in Ukraine, she said.

Five of those experts will monitor satellite imagery, while the rest will be tasked with enhancing Wellington’s understanding of the activities of its allies and NATO relating to the crisis, the PM added.

New Zealand had previously contributed $5 million to the NATO Trust Fund, which provides fuel, military rations, communications and first-aid kits to Kiev, as well as another $6 million to support Ukrainian civilians affected by the conflict.

Wellington has also joined the international sanctions against Moscow, targeting more than 460 Russian individuals and entities. “We know that sanctions globally have been making it harder for the Russian regime to fund its war... New Zealand is playing its part,” Ardern said.

Russia sent its troops into Ukraine over a month ago, following a seven-year standoff over Kiev’s failure to implement the terms of the Minsk agreements, and Russia’s eventual recognition of the Donbass republics of Donetsk and Lugansk. The German- and French-brokered protocols had been designed to regularize the status of those regions within the Ukrainian state.

Russia has now demanded that Ukraine officially declare itself a neutral country that will never join the US-led NATO military bloc. Kiev insists the Russian offensive was completely unprovoked and has denied claims it had been planning to retake the two republics by force.

https://www.rt.com/news/552815-new-zealand-uk-ukraine/
Foreign Affairs / Ukraine Blocks Trans Women Refugees: "They Are Men, Must Go Back & Fight" by naijapower(m): 4:15am On Mar 24, 2022
The Ukrainian government is refusing to allow transgender women to leave the country along with the millions of women and children refugees who have been streaming into Poland and other European nations. Instead, Ukrainian border guards are turning them back and forcing them to return home to join the fight.

Their reasoning might sour some trans activists in the West: Ukraine's martial law requires all biological males between the ages of 18 and 60 to remain in the country and fight. And it makes no exceptions for trans women.

Even trans women who have been widely accepted by their communities as woman still carry passports identifying them as males, which is what border guards see when they try to cross the border. In many cases, trans women who have tried to flee have been turned back, according to the Italian newspaper La Corriere della Sera, Italy's largest-circulation newspaper.

The paper quoted a trans woman who shared her experience at the hands of the guards: "They are men...they must turn back and fight."

The story has been picked up by a handful of European newspapers, including the UK-based Guardian. Trans women who spoke with the two newspapers described "humiliating" searches by border guards, and other perceived depredations, before being denied further passage.

As strange hands searched her body and pulled back her hair to check if it was a wig, Judis looked at the faces of the Ukrainian border guards and felt fear and despair.

"Ukrainian border guards UnCloth you and touch you everywhere," Judis says. "You can see on their faces they’re wondering ‘what are you?’ like you’re some kind of animal or something."

Judis is a transgender woman whose birth certificate defines her as female.

Legally, there is no reason why she should not be allowed to pass with the thousands of women who are crossing Ukrainian borders to safety every day.

Yet, on 12 March at about 4am, after a long and humiliating search, border guards determined she was a man and prevented her passage into Poland.

Since Ukraine enacted martial law on Feb. 24, it's estimated that hundreds of trans women have tried to cross the border. Many have been turned back. The trans activists who spoke with both papers have said that trans people have reason to flee, since they would likely face persecution if Russia seizes control of the country. The Guardian went as far as to

The International Lesbian, Gay, Bisexual, Trans and Intersex Association said Ukraine ranks 39th out of 49 European countries for its overall treatment of LGBTQ+ people. Gay marriage is not allowed in the country, and the Christian Orthodox Church considers homosexuality a sin. There are also no anti-discrimination laws to protect LGBTQ+ people.

Legally speaking, Ukraine starting recognizing trans women as women in 2017, with one important catch: they must undergo extensive psychiatric observation and a lengthy bureaucratic process before their assumed gender can be reflected on formal documents.

"Martial law says all males are obliged to serve in the military, so they can’t leave the country," says Olena Shevchenko, 39, a human rights defender and the chair of Insight, a Ukrainian LGBTQ+ organization and one of the few public organisations in the country that works with trans people. "Technically, the law applies to trans people as well, including both certified trans men and trans women who had not changed their documents. But it sounds like Ukrainian border guards are preventing even trans people with a valid certificate reflecting their new gender from leaving Ukraine, and nobody knows why."

Two trans women interviewed by the Guardian shared similar stories about border guards telling them to turn back and join the fight.

"'Go to the war', they replied, adding that more than 3 million people had already fled the country and they weren't going to let me out."

Alice, 24, a trans woman from Brovary, a town near Kyiv, recounted a similar experience. She and her wife, Helen, a 21-year-old who identifies as non-binary, were stopped by border guards during an attempt to cross into Poland.

"They took us to a building near the border crossing,” recounts Alice. "There were three officers in the room. They told us to take off our jackets. They checked our hands, arms, checked my neck to see if I had an Adam’s apple. They touched my breasts. After examining us, border guards told us we were men. We tried to explain our situation but they didn’t care."

Interestingly, the American press didn't pick up the story. Could this be because it might undermine the bright shiny (definitely not nazi-ish) new heroic image of the Ukrainian government, which has been the subject of almost unanimously positive coverage in the American press?

https://www.zerohedge.com/geopolitical/ukraine-blocks-trans-women-refugees-they-are-men-must-go-back-fight

52 Likes 11 Shares

Foreign Affairs / Germans Told To Drink Tap Water As Prices Surge by naijapower(m): 2:44am On Mar 24, 2022
They are also advised to buy seasonal food and local produce, and watch for discounts

German news magazine Focus has advised readers to change their spending and lifestyle habits in order to save money amid skyrocketing prices.

According to the publication, Russia’s military operation in Ukraine and the economic sanctions placed on Moscow have resulted in additional problems in supply chains and have driven up energy prices. This, in turn, has affected the product range and prices across German supermarket chains.

Prices for basic products such as pasta and sunflower oil, for instance, have soared by 40% and 100% respectively. Detergents, mineral water, dairy products, coffee, and toilet paper are also more expensive. Popular supermarket chain Aldi raised prices on 140 different items last week, and other supermarkets are likely to follow suit, according to Focus.

However, the publication has come up with a number of measures to help consumers save money. To start with, readers are advised to drink tap water instead of buying bottled water. The publication even lists a number of firms producing water filtration systems in Germany which could help improve the taste of tap water.

It also says shoppers should buy seasonal fruits and vegetables because they are always much cheaper due to the low costs regarding logistics.

Additionally, the publication recommends that customers choose local and unadvertised brands instead of popular ones. Almost every supermarket chain has its own line of cheaper products. As they are always backed by larger producers, the products are almost the same or just slightly different, but the prices can be up to 60% lower.

Finally, the magazine says readers should keep close track of sales and discounts, and stock up on large packs of products which have a long shelf life.

On average, consumer prices were 5.5% higher in Germany last month than in February 2021, figures from the Federal Statistical Office (Destatis) show. And analysts say things will only get worse if the situation in Ukraine is not resolved. According to the German Economic Institute, the crisis itself, as well as related Western sanctions and Moscow’s counter-sanctions, could drive inflation as high as 6.1% in the coming months.

https://www.rt.com/business/552514-tap-water-german-economy/

1 Like

Foreign Affairs / Russia’s Ruble Payment Plan Leaves European Gas Buyers Confused by naijapower(m): 2:32am On Mar 24, 2022
German gas industry group Zukunft Gas said on Wednesday it was confused by the statement of Russian President Vladimir Putin about the switch of payments for Russian natural gas supplies to rubles.

“We took the message that Russia wants [us] to pay for gas supplies only in rubles with great confusion,” Timm Kehler, the director general of Zukunft Gas, told DPA agency. “We can't predict at this moment what specific implications this will have for the gas trade,” Kehler said.

Meanwhile, Austrian OMV said it was going to continue to pay for Russian gas in euros. According to the head of the company, they have no other contractual basis.

President Putin announced earlier in the day that Russia will now accept payment for gas exports to “unfriendly countries” in rubles only.

READ MORE: Putin wants rubles for Russian gas
The measure is the first serious response from Moscow to sanctions imposed on Russia by the US and its allies over the conflict in Ukraine. A number of mostly Western countries have taken steps to isolate Russia from their financial systems. Major Russian banks have been cut off from the SWIFT payment network, making it difficult for the country to continue transactions in euros and US dollars.
https://www.rt.com/business/552571-russia-ruble-gas-europe-confused/

1 Like

Foreign Affairs / Re: Putin Wants Rubles For Russian Gas by naijapower(m): 3:33pm On Mar 23, 2022
This strategy will cause the Ruble to appreciate and ensure stability of the russia economy. As Germany, and other EU nations will have to source for Ruble to pay for gas.

Trading in Ruble has always been the desire of Putin and russia.

The reason why the US attack Iraq, Libya, Syrie etc was because they wanted to abandon the use of dollar for trade.

345 Likes 28 Shares

Foreign Affairs / Putin Wants Rubles For Russian Gas by naijapower(m): 3:16pm On Mar 23, 2022
The change will affect energy exports to "unfriendly countries"

Russia will now accept payment for gas exports to "unfriendly countries" in rubles only, President Vladimir Putin said at a meeting with the government on Wednesday.

The president explained that Russia plans to abandon all “compromised” currencies in payment settlements. He added that illegitimate decisions by a number of Western countries to freeze Russia’s assets destroyed all confidence in their currencies.

“I have decided to implement in the shortest possible time a set of measures to change the payments for – yes let’s start with this – for our natural gas supplied to the so-called unfriendly countries in Russian rubles, that is to stop using all compromised currencies for transactions,” the Russian president said.

"It doesn't make sense to deliver our goods to the EU and the US and get paid in dollars and euros," he added.

Moscow warns Europe of energy market collapseREAD MORE: Moscow warns Europe of energy market collapse
Putin gave the Central Bank and the government a week to determine the procedure for operations for buying rubles on the domestic market for importers of Russian gas.

The president added that Russia will continue to supply gas in accordance with the volumes and pricing principles of the contracts. Only the currency of payment will change.

The announcement caused a spike in the cost of contracts for gas supply at the TTF European hub, Forbes Russia quoted data from the Intercontinental Exchange as indicating. During Wednesday’s trading, the gas price rose from €97 per megawatt hour (MWh) to approximately €108.5 per 1MWh, but after the president’s speech, it jumped by another €10 to €118.75 per 1MWh, before retreating to €114 per 1MWh as of 1pm GMT.

In the past month, Russia has been hit with several rounds of unprecedented international sanctions over its military operation in Ukraine. The US, EU, and their allies have cut off the country from their financial systems, limited dollar and euro transactions, and froze roughly $300 billion in Russian forex reserves abroad, among other measures. At the same time, they have continued to buy Russian oil and gas.
https://www.rt.com/business/552546-putin-wants-rubles-russian-gas/

50 Likes 3 Shares

Foreign Affairs / Swiss Banks Reveal How Much Russian Money They Hold by naijapower(m): 5:06am On Mar 18, 2022
Keep your treasure where you have full control over it.

Over $200 billion is reportedly stashed in the country’s vaults

Swiss banks, prized for their anonymity and safety, made a rare estimation of holdings by Russian clients amid sanctions slapped on Moscow due to the military operation in Ukraine.

The country’s Bankers Association (SBA) said on Thursday that there are between 150 and 200 billion Swiss francs ($160-$213 billion) of Russian clients’ money held in Swiss accounts. The revelation is unusual for Switzerland, which is favored by the world’s richest as a tax haven and one of the safest places for storing wealth.

Analysts say the figures announced show that the actual extent of Russians’ business with Swiss banks is far greater than what the balance sheets unveiled by several financial firms so far shows.

Setting aside the tradition of neutrality, Switzerland last month joined sanctions placed on Russia amid the crisis in Ukraine, with President Ignazio Cassis announcing that the country would freeze the assets of Russian President Vladimir Putin and 370 politicians and businessmen sanctioned by the European Union. The step was described as a way to stop those allegedly close to the Russian government from financing the “unprecedented military attack” on Ukraine.

Analysts say that based on figures unveiled by several Swiss financial institutions, direct Swiss bank exposure to Russian clients looks manageable. The country’s two largest banks, UBS and Credit Suisse, last week reported “limited” exposure to Russia. Credit Suisse, for instance, said that only 4% of its deposits belong to Russians. However, according to the bank’s report for 2021, these holdings amount to around 33 billion Swiss francs ($35 billion).

Given the SBA’s estimation, in order to turn off the money taps for Russian customers, the Swiss authorities still have a long road ahead of them to count just how much Russian wealth lies in their vaults. And as UBS CEO Ralph Hamers said, sanctions have indeed been keeping his bank busy.

“I can’t give a further update on the number of sanctioned clients, because it literally changes every day... New lists come out every night, and we just go through the list and we match it against [our client relationships],” Hamers said at the Morgan Stanley European Financials Conference on Wednesday, adding that “in principle, every Russian, every person with a Russian passport, is semi-sanctioned.”


https://www.rt.com/business/552164-swiss-banks-russian-wealth/
Foreign Affairs / Re: Anton Siluanov: Russia Made Bond Payment, Now Up To US To Pay Bondholders by naijapower(m): 9:25am On Mar 17, 2022
Russia account was frozen for political reason and not criminal reason.
Israel bomb Gaza , US bomb iraq etc, for their own security and nobody seized their fund.

The Excutive Order use to block Russia account , can be set aside by Trump , when he become president after Biden .

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Foreign Affairs / Anton Siluanov: Russia Made Bond Payment, Now Up To US To Pay Bondholders by naijapower(m): 8:35am On Mar 17, 2022
Siluanov says the country has all the funds necessary to pay off foreign debt

Russia has ordered payment on two US dollar bond coupons due on Wednesday, but it is up to Western states, mainly the US, to withdraw the funds from the country's frozen foreign currency accounts and pay bondholders, Russian Finance Minister Anton Siluanov says.

“The possibility or impossibility of fulfilling our obligations in foreign currency does not depend on us, we have the money, we made the payment, now the ball is in America’s court,” the official stated in an interview with RT Arabic. He added that Washington should clarify whether it is possible to make the payments from Russia’s foreign currency accounts.

Russia has to pay $117.2 million on two issues of its sovereign Eurobonds on March 16. The Finance Ministry announced on Monday that it had sent an order to transfer the payment to the international depository and clearing system Euroclear. The depository will then transfer the money to bondholders. The payment order is given in US dollars, but for bondholders to receive the money, it must be withdrawn from frozen Russian foreign currency accounts. But this could be tricky.
Nearly half of Russia’s reserves (around $300 billion) and foreign currency accounts of the Russian Central Bank (Bank of Russia) are frozen amid sanctions that followed the launch of Russia’s military operation in Ukraine last month.

The restrictions have not included formal bans on operations to service Russia’s external debt, but foreign banks may refuse to make payments on them fearing retaliatory US sanctions. Still, according to analysts, if the order in foreign currency is not executed, the sum due will be transferred to bondholders’ accounts in rubles at the exchange rate of the Russian Central Bank on the day of payment.

Despite sanctions making it difficult for Russia to fulfill its obligations, the country intends to do so, according to Siluanov, who insists Russia has all the necessary funds. As the official mentioned earlier, there are no real economic grounds for Russia to default on its debt.

Experts also say that given Russia’s ratio of GDP ($1.65 trillion) to external debt ($478.2 billion), which does not exceed 25%, the country is financially stable, which supports Siluanov’s earlier statement that the West is trying to drag Russia into an “artificial default.”
Russia also has special drawing rights (SDRs) in the International Monetary Fund, which are not subject to sanctions, and analysts say these could also be used to pay its national debt if other measures fail.

https://www.rt.com/business/552061-russia-makes-bond-payment/

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Foreign Affairs / Re: Russian Soldiers Kill Brent Renaud (American Journalist) - Pictures by naijapower(m): 7:01pm On Mar 13, 2022
His assistant did not state who killed him

New York times said he stop working for them since 2015, but he still go about with their ID.

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