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Nairaland Forum / Nairaland / General / Politics / Naira Redesign: Dollar May Crash To N200 – EFCC Chairman (2431 Views)
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Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by ogododo: 11:32am On Nov 16, 2022 |
The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redesigning of naira.… By Muawiya Shuaibu Wed, 16 Nov 2022 10:45:43 WAT The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redesigning of naira. Bawa stated this in an interview with Deutsche Welle (DW) Hausa service, saying President Muhammadu Buhari did well to approve the redesigning. Arewa group frowns on ‘selective’ media trial of northerners by EFCC Clergyman defiles 2 sisters in Ogun, impregnates 1 He said, “The law says the redesigning of Naira notes should be done every eight years but we spent 20 years without any changes on them. And that resulted to 85 per cent of money are in circulation not in banks, when CBN came up with this redesigning, dollar moved to 880 and later dropped to 680 or thereabouts. “So you see with this redesigning dollar may massively fall, who knows probably to ₦200.” The EFCC chair also said there is no any political motive behind the idea and called on Nigerians to report any person with siphoned monies. “There is no political motive in this; some people siphoned and hid public funds that is why we want them to bring them out and nobody says they should not bring them, what government says is let them deposit such money in banks. “We assure Nigerians that we are always ready to receive reports of any person with suspicious hidden money and if investigated to be true, we will give 5 per cent of the money to them,” he added. https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman 2 Likes 1 Share |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by ogododo: 11:40am On Nov 16, 2022 |
Dis man well atall. Nlfpmod,Mynd44? 1 Like |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by bazoodo: 11:45am On Nov 16, 2022 |
. |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by omowolewa: 11:46am On Nov 16, 2022 |
Okay |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by HarlequinLekex: 11:47am On Nov 16, 2022 |
Keep decieving urselves. No production na ordinary changing of naira chemicals, designs and style will give naira value abi. Believe this government at ur own peril. 6 Likes |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by orisa37: 11:47am On Nov 16, 2022 |
It should crash to N100. Anything more than N100 : $1 is CORRUPT UNECONOMIC AND ARTIFICIAL. 1 Like |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Bobloco: 11:49am On Nov 16, 2022 |
every one is now a financial expert but they couldn't offer any explanation on why the naira crashed to almost #900 to a dollar 3 Likes |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by HarlequinLekex: 11:51am On Nov 16, 2022 |
He is one of those half baked graduates from the FACULTY of LYING at the prestigious Lial Muhammed UNIVERSITY OF LYING, Aso Villa ogododo: 5 Likes |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by nairavsdollars(f): 11:51am On Nov 16, 2022 |
Mumu talk 4 Likes |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by OsunOriginal: 11:56am On Nov 16, 2022 |
ogododo: Let me go and start hunting for people hoarding money - 5%? |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by PrinceOfLagos: 11:57am On Nov 16, 2022 |
It should crash to N50 |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Hoelujohn: 12:01pm On Nov 16, 2022 |
nairavsdollars:Heard they want to make everything digital. ATM daily withdrawal limit will be 10k. So they won't be more than 500 billion naira in circulation. 1 Like |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by onumadu: 12:05pm On Nov 16, 2022 |
The simplest way to test this theory is to track prices of goods and services. Would prices in Naira terms drop by 70-80% ? That is the question. To suddenly get such massive drop in dollar value means that Nigeria's GDP in dollar terms will increase overnight to about 2- 3 Trillion dollars. Is that possible? Well, in the Nigerian kleptocracy where bullion vans are carting money for rigging elections, ANYTHING IS POSSIBLE. 2 Likes |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Peterobi90: 12:11pm On Nov 16, 2022 |
onumadu: Yes it would especially for imported items, although it would warrant customs to increase duty again when the dollar stables, otherwise Nigeria might become junkyard of the world.. for local items, with the price of imported good s coming down, it also means cost of living crashing aswell, so in the near future we expect the price of local commodities to crash also. 1 Like 1 Share |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by TheboyGhost(m): 12:14pm On Nov 16, 2022 |
chicken with no brain 1 Like |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Mercury12(m): 12:25pm On Nov 16, 2022 |
Good.. We can only hope for it. Let see how it turns out 1 Like |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Idiko1: 12:31pm On Nov 16, 2022 |
ogododo: This is the thinking of a goon. A redesign of a worthless currency will bring added values. What a dunce. |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Moh247: 12:45pm On Nov 16, 2022 |
BDC are no longer buying dollars as they used to because of fear of loss |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Lanretoye(m): 12:48pm On Nov 16, 2022 |
With the speculations that the US will no longer accept dollar bills printed before year 2021 and naira redesign, let's hope for better days |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Tetrahedron: 12:49pm On Nov 16, 2022 |
Who do nigeria dis bad thing? Where did Apc get all these imbeciles from! Shake my head for nigeria’s future |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Igba123: 12:56pm On Nov 16, 2022 |
Is Saul also among the prophets? Sorry, I mean is Bawa also an economist? |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by BaddestQueen(f): 12:56pm On Nov 16, 2022 |
Moh247:na lie I changed USD yesterday ooo stop lying 1 Like |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by ogododo: 1:18pm On Nov 16, 2022 |
Idiko1:Na so dem dey reason oo. |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by ogododo: 1:19pm On Nov 16, 2022 |
HarlequinLekex:He wan do pass Lai. |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by XerXers: 1:23pm On Nov 16, 2022 |
This "crash" is artificial and will not last neither will it reduce price of goods |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Viscuz: 1:27pm On Nov 16, 2022 |
PrinceOfLagos: Without production? |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Viscuz: 1:28pm On Nov 16, 2022 |
Moh247: Do they pay you guy to paint lies as truth .? I told you before the job I do actually helps you bank easier . I know everything in the black market what trash are you saying? |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Moh247: 1:32pm On Nov 16, 2022 |
Viscuz: Well according to a report that made Frontpage, BDC operators stated this themselves when Journalist questioned them So what's the lie painting about.. besides I said the reduced volume of trade not outrightly stopping it |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by Viscuz: 1:34pm On Nov 16, 2022 |
Moh247: Them born you today ? Is it no this same Nigeria your placenta was buried? You don't know a full blown lie when you see one . Of course what do you expect choosen BDC operators to say in front of camera? |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by BaddestQueen(f): 1:36pm On Nov 16, 2022 |
Moh247:shatap stop talking nonsense |
Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by jamace(m): 1:36pm On Nov 16, 2022 |
It is possible. Let EFCC and ICPC do their job practically, not in theory.. Looters should be jailed. Period.
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Re: Naira Redesign: Dollar May Crash To N200 – EFCC Chairman by grandstar(m): 1:37pm On Nov 16, 2022 |
This is impossible. The present fundamentalsdoes not support this. I don't even see it bettering N600. |
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