flejnr2:
Una don raid tinubu and atiku house and bring out the dollars there

Those houses are "official"

Why didn't they raid politicians that were spending dollars during the primary election's..
EFCC another lapdog for APC government

Nigeria is the most useless country in the world right now. Person get wound for leg come use bandage tie am, you come tell am say na the bandage cause the wound in the first place. this is exactly how i feel about how useless government is.

They seem to forget the aboki fx case, chasing shadows, a dollar will soon get to a thousand, incompetence at its peak.

Have you raided the bourdilon

Mumu people no bearing no direction

treesun:
So it was not Abokifx again!

omo eh

Viscuz:
Chasing shadows

Black man with black sense haba

Wetting Dey pain me be say them go say INTELLIGENT REPORT

Especially police..

obedience4:


Especially police..

Omo

WE SUNG INTO ACTION

Tueh! What's the job of CBN?

foolishness of highest order,

Nonsense!Upon all the money this rubbish agency has been seizing from people,what’s their positive impact to the common man?
Some mumu Nigerians will be hailing them .

This is the dumbest things I've read in years. What purpose will your raiding someone's legit business accomplish?
Has EFCC forgotten that the price of USD to naira is determined by market forces ( demand and supply) ? How many bureau de change will you guys raid in the whole Nigeria?
Sometimes, I really wonder whether individuals saddled with the responsibilities of law enforcement have some form of basic qualifications that makes them eligible.
As big as Nigeria is, Couldn't common sense tell you that as a consuming nation that import virtually everything, there will be insatiable demand for foreign currency that support the importation?
Sometimes, I truly wish these things were not true.

When Donald Trump made a reference about poophole, people said he was hating...
Can someone describe Nigeria currently?

treesun:


https://punchng.com/falling-naira-efcc-raids-bureau-de-change-firms/

Are they the one who raised dollar our mentally self

Anyone caught with dollar in hand is now an enemy of the state. I recommend firing squad treat for their crimes

Corto:


Stable at 420 for where? Shoponna kill you there

At thier fake official useless market..... Nigeria banks is the worst financial institution in the world

treesun:


https://punchng.com/falling-naira-efcc-raids-bureau-de-change-firms/

Na show of force
So people will not show their displeasure public and to pass buck to innocent trader!

APC govt is a mafia and evil

But EFCC knows the politicians that mopped dollars for APC and PDP primaries.

flejnr2:
Una don raid tinubu and atiku house and bring out the dollars there

And Obi's house too. He was part of the rot until THREE days to the PDP convention when he left because he knew that he would not get the Ticket. Obi is not a Newbreed politician. How can he be when he was Running Mate to this same Atiku you now impliedly accuse of corruption. If you paint a sepulchre white the nostrils will still smell the stench inside it.

Can you imagine?
Anyway, quota system tins, you hope too much to expect any better.

These public bureau de change makes it hard for government to implement monetary policy. It is illegal why are they allowed they are everywhere in Lagos... Federal palace, Ikoyi hotel, Eko hotel, they increase the prices of dollars by selling exorbitantly.

With all the dollars they shared during party primary why won't there be scarcity

My frd go and raid APC/PDP politicians (delegates )

They should also raid the US for creating dollars. Fools! sometimes one wonders the kinda illiterates that runs nigerian government.

F4ku:
Is this how low this Government can go?
From blaming Aboki fx to this?

Well what do I expect from a Government of miambiala...

God forbid Bat thing...

Unfortunately the government did not go low. This was exactly how Buhari's regime during the military days operated. They lack common sense. They actually went to the market then to harass market women due to persistent rise in price when it was clear we were in recession. I don't like saying this but it's the truth we warned you guys this man cannot change.

dreu2fine:

Are they the one who raised dollar our mentally self

Why is CBN selling dollar at 420 and BDC is selling it at 710 if not to satisfy their greed?

Okealaaye:


And Obi's house too. He was part of the rot until THREE days to the PDP convention when he left because he knew that he would not get the Ticket. Obi is not a Newbreed politician. How can he be when he was Running Mate to this same Atiku you now impliedly accuse of corruption. If you paint a sepulchre white the nostrils will still smell the stench inside it.

Na that name Obi go eventually give you cardiac arrest!

Lol, na us remain wey una go raid , una never chichochin, dallar go soon enter 1k unless una tell dat dallard lizard to resign

WE DONT NEED TOO MUCH DOLLARS AGAIN because DOLLAR WILL SOON CRASH,RUSSIA IS FIGHTING DOLLARS AND CHINA TOO IS FIGHTING DOLLARS. MAKE OUR REFINERIES PRODUCE OUR PETROL AND DIESEL AND AVIATION FUEL.
STOP IMPORTING THINGS WE ARE PRODUCING HERE,PUMP MONEY TO FARMERS AND PRODUCERS.
MR BUHARI HIRE INTERNATIONAL ECONOMISTS,(GETTING CHINA TO BUILD BRIDGES,TRAINS AND ROAD IS NOT TOP PRIORITY)

GET POWER DISTRIBUTION UP FOR PRODUCERS AND BUSINESSES TO GENRATE PRODUCTS AND SERVICES THAT WITH CUT HARDSHIP DOWN

HIRE MERCENERIES TO CLEAR OUT CRIMINALS,KIDNAPPERS,TERROR WILD ANIMALS WHO CALL THEMSELVE NAMES AWAY FROM WITHIN AND OUTSIDE NIGERIA BORDERS,

SACK EMEFIALE INSURANCE LECTURER,SACK THAT WOMAN AHMED FINANCE MINISTER THAT HAS NO PROFESSIONAL QUAILIFICATION.

STOP THIS NONSENSE PLAY WITH NAIJA ECONOMY,

YOU ALL NIGERIANS ESPECIALLY THE LAZY YOUTHS SHOULD WAKE UP AND CLAMOUR FOR THIS FACTS,INSTEAD OF MAKING NOISE AND CHASING SHADOWS .
NATIONAL ECONOMY IS ABOUT INTL ECONOMISTS PUSHING,IT IS NOT WITCHCRAFT.SHIKINA!

CRYTOCURRENCY IS OF THE DEVIL.FROM ITS NAME IT IS VERY CREEPY GAME,IT CAN CRIPPLE THOSE INVOLVED ANYTIME,THEY USE CRYPTO TO HIDE DRUG MONIES,CORRUPTION MONIES AND ALL FORMS OF MONEY FROM SHADY DEALS. YOU SHOULD NOT ENCOURAGED IT,IT IS EVIL. AND LIKE CRYPTO CRASHED LAST TIME IT DEFINITELY KEEP CRASHING AGAIN AND AGAIN GOD WILLING,TILL IS NO MORE IFSHA

treesun:


https://punchng.com/falling-naira-efcc-raids-bureau-de-change-firms/

The dollar has been rising extraordinarily in the black market against the naira. This is not the case with Pounds and Euro.

This implies that the rise of the dollar is artificial and majorly speculative.

1. There are a lot of rich people mopping up dollars in the black market for several reasons.
2. A lot of organizations that engage in international trade also source their dollars from black market.
3. Most Bureau De Change are owned by politicians who hold cash majorly in dollar currency and use the Bureau De Change to clean dirty monies. Their cronies demand the dollars constantly to continue to reduce dirty naira held in their houses and other secret chambers.
4. They use their children, associates, families, cryptocurrency and other means to launder the monies to other countries for investment and safe keeping from the prying eyes of EFCC and ICPC.
5. CBN sells dollars to approved Bureau De Change at 420 naira and those BDC sell to the public at 710 naira. Meanwhile, 90% of these BDC are owned by the politicians. There can only be few better business than that in terms of profitability.

The desire of Nigerians; politicians, business men and women, civil servants, rich and affluent, to hold value in dollars is getting insatiabl, this demand for dollar is unprecedented.

It will not stop till we take drastic actions:

1. Ban the sales of Forex to BDCs from CBN and Commercial Banks.
2. Ensure every organization with legitimate need for forex go through CBN via commercial banks and get their request duely and in short turnaround time.
3. Ensure BTAs and PTAs demands for Forex are met by commercial banks in timely and efficient manner.
4. Compel organizations trading within Nigeria to accept payments in naira; transactions should majorly be done in Naira within Nigeria.

These efforts and others will help to stabilize the dollar and forex rates in the market.

flejnr2:
Una don raid tinubu and atiku house and bring out the dollars there

So Obi doesn’t have dollars in his house?

treesun:


https://punchng.com/falling-naira-efcc-raids-bureau-de-change-firms/

Is it advisable to buy dollars now and stock for a later sale ?