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Panpan's Posts

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Foreign Affairs / Re: Fear Of Houthis: Many Vessels Declare No Link To Israel On AIS by panpan(m): 9:42pm On Jan 21
What does AIS mean?
Politics / Re: Part Of Mandilas Market Lagos On Fire by panpan(m): 9:04pm On Jan 21
Politics / Re: US Secretary Of State, Blinken To Visit Nigeria, Three Other African Countries by panpan(m): 7:40pm On Jan 18
When will the leader or top government official of an African country visit several non-African countries consecutively on a tour?
Politics / Re: FG Seeks $1.5bn Loans To Shore Up Naira, Boost Budget by panpan(m): 12:06pm On Jan 18
When the federal government takes external loans, they are indirectly taking money from the Nigerian population through naira devaluation, increase in the price of petroleum products, and general inflation.

1 Like

Crime / Re: Police Arrest Seven High Ranking Cultists In Lagos by panpan(m): 3:58pm On Jan 13
In the first place, what does cultist or cultism mean?
There probably isn't any clear definition?

What was the offence of the seven suspects?
Did the police just raid two groups of people, and tag them as "cultists"?
Agriculture / Re: Nigeria Approves Commercial Release Of GM Maize Varieties by panpan(m): 7:04pm On Jan 12
TELA Maize Technology
Investors:
Project activities are funded by the Bill & Melinda Gates Foundation, Howard G. Buffet Foundation and the United States Agency for International Development (USAID).


Considering that the goal of one of the investors is to depopulate the world, we should be careful about this technology, and if possible, reject it.
Is this the reason behind the attacks on farmlands and village communities in several parts of the country?

4 Likes

Crime / Re: Native Doctor Arrests/handcuffs Man With Bees In Uganda For Stealing by panpan(m): 1:56pm On Jan 11
The man should dip his hands into water, oil or kerosene.
Politics / Re: World Bank Predicts Higher Per Capita Income For Nigeria by panpan(m): 9:02am On Jan 10
The World Bank is just a lending institution.
They should not pretend to be experts on Nigeria's economic affairs.
NYSC / Re: Bandits Kill Obaje Saidu, Corps Member On His Way To Katsina For Clearance by panpan(m): 5:44pm On Jan 08
Why does a corps member have to travel for monthly clearance?
Business / Re: CBN Approves cNGN "Stablecoin" For February Launch by panpan(m): 9:46pm On Jan 05
Abee79:
What's the point of this innovation? I really want to know

The purpose of this innovation is control.

At present, if an individual "misbehaves", and his bank account gets frozen by the federal government; the person can go to court and seek relief, or he may decide to operate out of the banking system with cash. However, with the elimination of cash and the enforcement of digital currency nationwide, it becomes easy for the federal government to block or delete a digital account, without the use of the courts or commercial banks.

This control also extends to nations; if a country does not do the bidding of a foreign or international group, instead of imposing economic sanctions, it would be easy to block or delete that country's digital account.

3 Likes

Business / Re: CBN Approves cNGN "Stablecoin" For February Launch by panpan(m): 9:28pm On Jan 05
The International Monetary Fund (IMF) asked the Central Bank of Nigeria (CBN) to introduce central bank digital currency (CBDC or enaira).
Not surprisingly, the adoption was extremely low.

The CBN then went on a cash confiscation project, probably to test the waters, to know whether they can use that as an excuse to force enaira on the population.
Fortunately, the cash confiscation project also failed.

At present, a more gradual cash scarcity has been introduced. The CBN is still determined to bring forth central bank digital currency; this time, it is called Nigeria Naira (cNGN) stablecoin.

The IMF is not interested in Nigeria's development. The IMF's goal is to control the finances of the Nigerian population.

2 Likes 1 Share

Politics / Re: The New Nigeria Under President Tinubu, By Fredrick Nwabufo by panpan(m): 11:44am On Jan 05
Too much grammar!
Romance / Re: Nigerian Man Proposed To His Partner After Crossover Service(pix,vid) by panpan(m): 8:51pm On Jan 02
It is difficult to watch a video with a moving signature at the centre.

1 Like 1 Share

Education / Re: FG Suspends Accreditation Of Degree Certificates From Benin, Togo by panpan(m): 4:27pm On Jan 02
Cotonou is in Benin Republic.
Why was Togo included?
Politics / Re: Tinubu To Sign Executive Order To Dissuade Nigerians From Hoarding Cash - Osoba by panpan(m): 4:12pm On Jan 02
There is, most probably, a foreign or international order on Nigeria to eliminate cash.
The federal government has tried to comply with this order.

The former Central Bank governor, Emefiele, used a cash recolouring and cash confiscation method, but it was resisted.
Now, the federal government is trying to use more gradual and subtle methods to eliminate cash from the society.
Family / Re: How Can Husband Be AA And Wife Is AS, And Baby Is SS? by panpan(m): 12:28pm On Dec 31, 2023
Malawian:
Explain this.

Twins.. One is AA , second is SS

If both parents are AS, there is a 25% chance of each child being AA, and a 25% chance of each child being SS.
In this scenario, it is possible for fraternal or non-identical twins to have different genotypes, that is, either twin could be AA, AS or SS.
Business / Re: E-naira Jumps By 284%, Notes Decline To N2.7 Trillion – CBN by panpan(m): 11:36am On Dec 29, 2023
Someone in the federal government, or Central Bank, is trying to justify the nationwide cash scarcity.
It appears as if Nigeria is being used as a test case for the elimination of cash from the society.

1 Like

Business / Re: Nigerian Banks Set To Launch Compliant Naira Stablecoin In 2024 by panpan(m): 8:08am On Dec 29, 2023
It appears as if Nigeria is being used as a test case for the elimination of cash from the society.
Politics / Re: Insecurity, Economic Hardship To Worsen In Six States – World Bank by panpan(m): 10:34am On Dec 28, 2023
The World Bank, which is just a lending institution, is currently focused on Nigeria's affairs.
I wonder why.
Foreign Affairs / Re: Colonial Times: The British Took Over What Is Now Nigeria To Harass The French by panpan(m): 3:03am On Dec 28, 2023
Travel / Re: Is this true About many other West African Countries when they apply for Visas? by panpan(m): 12:37pm On Dec 26, 2023
So it has now got to the level where countries are competing for lower United States visa refusal rates!
Politics / Re: CBN Directs Banks To Disregard Initial Ban On Cryptocurrency by panpan(m): 1:03am On Dec 23, 2023
In February 2021, the Central Bank of Nigeria (CBN) restricted the use of cryptocurrency in Nigeria, because the United States Federal Bureau of Investigation (FBI) complained that 200 to 300 million dollars was transferred each week from the United States (US) to Nigeria using cryptocurrency.

The restriction only served the interests of the United States. The US did not ban cryptocurrency in their own country.

The lifting of this restriction is a welcome development.
Business / Re: CBN Lifts Ban On Cryptocurrency Transactions by panpan(m): 12:51am On Dec 23, 2023
In February 2021, the Central Bank of Nigeria (CBN) restricted the use of cryptocurrency in Nigeria, because the United States Federal Bureau of Investigation (FBI) complained that 200 to 300 million dollars was transferred each week from the United States (US) to Nigeria using cryptocurrency.

The restriction only served the interests of the United States. The US did not ban cryptocurrency in their own country.

The lifting of this restriction is a welcome development.

60 Likes 7 Shares

Crime / Re: Osun Second In Indian Hemp Cultivation In South-west – NDLEA by panpan(m): 9:30pm On Dec 22, 2023
Cultivation of Cannabis Sativa should be decriminalized.

1 Like

Travel / Re: France Bans Nigerian students, others From Bringing Family, Delays Benefits by panpan(m): 3:28pm On Dec 22, 2023
Politics / Re: Sit-At-Home: A Self Inflicted Punishment by panpan(m): 10:32am On Dec 18, 2023
A lot of people in the south east are not into this sit-at-home. They are just being bullied to conform or risk having their businesses destroyed.

6 Likes 1 Share

Culture / Re: 10 Countries With The Most Languages 2023 by panpan(m): 5:06pm On Dec 17, 2023
I am surprised that Papua New Guinea has the most languages, considering that their population is just 10 million.

1 Like

Politics / Re: Some Countries Encouraging Ekpa To Destabilise Nigeria, Says CDS by panpan(m): 10:15am On Dec 17, 2023
Emperormartin:
... but fighting many countries in Europe and even 3 countries in Africa to the best of my knowledge.

The funny part is 2 out of that 3 countries in Africa are even in West africa.

Please, tell us the names of the "many countries in Europe and three countries in Africa".
Crime / Re: EFCC Arrests Twins, Five Others Over Suspected Internet Fraud by panpan(m): 8:28am On Dec 15, 2023
The Supreme Court has held that the Economic and Financial Crimes Commission (EFCC) does not have the powers to prosecute offenses that are not corruption cases and that the only corruption cases it can investigate are cases involving the movement of cash from Nigeria to foreign countries and corruption cases involving federal finances, being a creation of federal law.

EFCC should not arrest anybody unless the allegation is about "illicit financial outflow from Nigeria", or "corruption cases involving federal finances".

EFCC should stop harassing a particular group of young men just because they appear to be doing well financially.
Politics / Re: Economic Reforms: Nigerians Under Poverty Line Rise To 104m — World Bank by panpan(m): 4:42pm On Dec 14, 2023
What is this obsession of the World Bank over Nigeria's economic affairs?
What has the World Bank done that is of benefit to the Nigerian economy?
The World Bank is just a lending institution. The Nigerian government should not consider the World Bank as experts on the nation's economy.

2 Likes

Romance / Re: Onlookers Stunned As Unlikely Guests Emerge From Burning Hotel by panpan(m): 2:38pm On Dec 14, 2023
A man and a woman were rescued from the upper floor of a building.
There were a lot of spectators present.

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