₦airaland Forum

DomPerignon:
When Obaseki (a banker as well) warned that Emefile was printing money from thin air to buoy the economy did you also accuse him of sounding like a politician.

Emefile printed #10 Trillion throughout his dissatrous stay as CBN governor despite dwindling FX to back it and here you are talking trash.

The hyperinflation you are witnessing and naira devaluation are all direct consequences of that bastard Emefile and here you are accusing the new CBN governor of rightly pointing out the problem.


Fool

Guy chill. Who floated the currency that is heavily dependent on foreign exchange that led to inflation, Emefiele or Tinubu. Think mate

lexy2014:
how is the hyperinflation and naira devaluation a consequence of emefiele printing the said 10trillion naira?

if you say emefiele failed at his job under the supervision of buhari, why is buhari still a free man?

Thanks. I thought no one replied him. Tinubu floated the currency knowing well we have a an economy that was heavily dependent on foreign exchange and somehow Emefiele take the fall for that.

DomPerignon:
The CBN act ensures that the board is independent of political pressure from both the executive and legislative .

Emefile was already corrupt to the bone.

He had the choice of resigning on principles but he allowed himself to be further used.

And don't sound like Emefile was hapless either because all his dissatrous policies were driven by WEF and BlackRock with promise of him getting a juicy retirement board position with BlackRock just as Sanusi Lamido ended up being rewarded with a VP Africa position in BlackRock.

You fools should stop playing your useless partisan and ethnic driven politics.

Emefile was the worst thing after Buhari and El Rufai to ever get public position.

Much words less meaning. With a governor of a CBN selected by the president coupled with pressure to get him fired, no thanks to rumour can you then expect an independent CBN. Show me the CBN governor that has been independent since the past 30 years. The joke is on you

Godfullsam:
Since independence or since the return of democracy in 1999, have you ever seen any president jailed/prosecuted by his predecessor in Nigeria?
It is left for who ever is working under these useless leaders to use his/her head. If you decide to become a puppet just because you don't want to be sacked, you will be the one to bear the consequences las Las.
When former CBN Governor Sanusi Lamido stood up when he saw a lot of discrepancies and illegal withdrawal of funds from the national treasury by the then Jonathan administration. Even though he got sacked for speaking up, he is still alive today and he is doing well and he still command more respect than Emiefele.

Buhari has zero knowledge of the economy, the cabals were just using Buhari and Buhari was using Emiefele and Emiefele was not using his head.

Another Islam fundamentalist. Why have the $50 Billion your Sanusi said was missing not been found till now. Whereas it was officially reported that Buhari took $50 Billion in loans of which no one knows where the funds where channeled to. The joke is on you mate

FarmBusinessNG:
Guy chill. Who floated the currency that is heavily dependent on foreign exchange that led to inflation, Emefiele or Tinubu. Think mate

Cheap exchange rate at the CBN was also a form of subsidy that we could not afford

And it was also a source of massive corruption

Today, if you need forex, the bank will give you all you ask for gladly depending on the rate for that day.

Boldideas:
He said and I quote, CBN had strayed from its core mandates and was engaged in quasi-fiscal activities that pumped over N10tn into the economy through almost different initiatives in sectors ranging from agriculture, aviation, power, youth and many others.

Why is anyone not seeing the sense in this when we are all aware that it is almost true that all the programs initiated under Buhari's administration were alll turned into boxes to cart away our money.


Indirectly, he is stylishly telling us that N10trn is missing and only CBN knows where it is.😠

I agree. Whose initiatives where this and who gave the mandate for the expenditures. Was it not Buhari and TinubuAPC. ?


WHAT IS HE SAYING THAT IS NEW. WHAT ?


I need anyone to show us proof of all the frivolous spending Buhari did. Buhari and the entire APC and it's members should be in jail. But because Nigerians can't intelligently interpret information we quickly look for someone to discharge the blame on to take the entire fault.

DomPerignon:
Hyperinflation occured because Emefile printed 10Trillion while artificially floating the naira by blocking access to it.

He also banned many import items .

The harsh realities is that the CBN under Emefile borrowed more to the Buhari govt far above the cap limit without even having the FX to back what he was borrowing the FG.


When you print too much money without backing it you end up with hyperinflation.


2. Buhari is not in anyway supposed to supervise the CBN governor

The only body that has an oversight function is the House committee on monetary affairs.

By the way, all those loans Buhari was taken upandan from Jewish banksters required that the CBN act by ammended so much so that the CBN is now practically owned by BlackRock.


You can not absolve Emefile from what we are currently facing because he was at the very centre of the Buhari bandit govt.

He not only appended CBN backing to their wreckless borrowing but also assisted them in laundering the money.

Emefile even abused his office and sold distressed banks to Buhari's cronies.

That Buhari nephew they call Tunde had over #2Trillion naira floating in multiple banks and bank accounts to which Emefile whose job is to notify the authorities on suspicious money flows went ahead to even advise same Tunde how to launder his loot.

What of instances where Emefile brazenly operated a FX window for Buhari cronies where they got FX at 1976 rates at $2 to a naira?

The journalist that broke this scandal was hounded and jailed by Emefile .

Have you forgotten how Garba Shehu was implicated in this FX scam that he got a highly subsidised rate to pay his children school fees abroad despite the CBN barring access to FX for study fees.

Emefile ochestrated the most opaque FX window that saw to cronies getting fx at highly discounted rates.

That man needs to be hung by his scrawny balls till his brain is deprived of oxygen.

You are misinformed. Nigeria is suffering severe hyperinflation from economic mismanagement brought by Buharis policies and amplified by Tinubu.

Dotherightthing:
Cheap exchange rate at the CBN was also a form of subsidy that we could not afford

And it was also a source of massive corruption

Today, if you need forex, the bank will give you all you ask for gladly depending on the rate for that day.

Put the blame on the inflation on that policy. If Nigeria can't afford to stablizie it's currency against foreign economies which every major economy does, please where is the One trillion Naira you guys record since subsidy removal especially since not more than 300 - 350 Billion goes into states allocation monthly and maximum of 100-120 billion I to monthly reserves.


Tribal sentiments will not allow you guys ask the right questions

FarmBusinessNG:
Put the blame on the inflation on that policy. If Nigeria can't afford to stablizie it's currency against foreign economies which every major economy does, please where is the One trillion Naira you guys record since subsidy removal especially since not more than 300 - 350 Billion goes into states allocation monthly and maximum of 100-120 billion I to monthly reserves.


Tribal sentiments will not allow you guys ask the right questions

Nobody said there won't be temporary pains

But the gains will be more and long lasting by God's grace.

Foreign economies benefit from all of Africa's foreign reserves stashed in Goldman Sachs, HSBC, and co...their economies are scaling up with our 'foreign reserves'

They even don't want to return our 'looted funds'

Money's benefit to an economy, is in its use within the economy, to foster cash mobilization, expand the economy, provide more jobs and prosperity for the people. Africa must wake up, our resources and reserves must be kept in Africa.

jrusky:
I repeat your generation are shameless. [b]I ask you again are you cbn staff to know he haven't convey any meeting? [/b]All the meeting Emefiewerey conducted and constantly billing CBN purse N30 million on each meeting do the calculation for 4 years is that not a bloody scam?

Your generation lack shame by supporting scammer.

F e c k off and rot in hell. Onye izuzu.

Is a MPC meeting something you convey in secret. Is it a secret cult meeting

I was even thinking that you are knowledgeable, I didn't know that you are an internet wildebeest devoid of any meaningful sentience, reason and rationality

FarmBusinessNG:
You are misinformed. Nigeria is suffering severe hyperinflation from economic mismanagement brought by Buharis policies and amplified by Tinubu.

Wrong.

Emefile was adding band aid to an already fractured economy.

Fuel subsidy removal and FX floating are only amplyifing the rot that existed during Buhari.

Emefile was hiding the bankruptcy state by hoarding few FX and printing money from thin air.

The problem started during Buhari's dissatrous rule and Emefile was at the very centre of all the chaos.

Have you asked why Emefile was so desperate to become president even as a sitting CBN governor ?

FarmBusinessNG:
Much words less meaning. With a governor of a CBN selected by the president coupled with pressure to get him fired, no thanks to rumour and you expect an independent CBN. Show me the CBN governor that has been independent since the past 30 years. The joke is on you

The CBN governor can not be pressured to adopt a well known failed policy of quantitative easing aka printing money from thin air.

Emefile was already compromised before Buhari and the understanding was that he will keep his job and freedom as long as he played ball with the cabal.

Emefile was also eyeing being on the board of Jewish venture capitalist firms like BlackRock and that's why he kept underwriting loans from Jewish banks that he knew Nigeria could not afford to repay.

MT:
That's not blame. That's an assessment. He needs to tell us as things stand.

Do you delve into solving issues without proper assessment?

Yes he needs to tell us as things stand so that when he fails, he will put all the blames on the past administration.
He should keep his assessment of the issues at hand to himself and focus on his work to deliver positive results. No one is contesting that position with him. Let him focus on his job. That's all.

FarmBusinessNG:
Guy chill. Who floated the currency that is heavily dependent on foreign exchange that led to inflation, Emefiele or Tinubu. Think mate

There was no other option since there is zero revenue into the coffers.

International firms were fleeing nigeria because Emefile had blocked access to FX remittance because there was no more money.

Besides, every country floats it's currency.

The policy of protecting the naira by not subjecting it to supply demand is a fall out of buharimonic policy from Buhari's last military misadventure.

Do you know that the naira was once the only non convertible currency outside its immediate geographical borders ?

You people should stop your ethnic driven partisan politics

Emefile remains the most corrupt and most highly incompetent and evil central bank governor.

wizelink:
Yes he needs to tell us as things stand so that when he fails, he will put all the blames on the past administration.
He should keep his assessment of the issues at hand to himself and focus on his work to deliver positive results. No one is contesting that position with him. Let him focus on his job. That's all.

Don't be this bitter.

Part of his job is to tell the public how things stand.

DomPerignon:
There was no other option since there is zero revenue into the coffers.

International firms were fleeing nigeria because Emefile had blocked access to FX remittance because there was no more money.

Besides, every country floats it's currency.

The policy of protecting the naira by not subjecting it to supply demand is a fall out of buharimonic policy from Buhari's last military misadventure.

Do you know that the naira was once the only non convertible currency outside its immediate geographical borders ?

You people should stop your ethnic driven partisan politics

Emefile remains the most corrupt and most highly incompetent and evil central bank governor.

Islam hatred. You know next to nothing about economics. Stop trying hard

FarmBusinessNG:
Islam hatred. You know next to nothing about economics. Stop trying hard

What brings Islam here and who in your contrived Jewish fried heathen brain is a Muslim?

Bobloco:
Is a MPC meeting something you convey in secret. Is it a secret cult meeting

I was even thinking that you are knowledgeable, I didn't know that you are an internet wildebeest devoid of any meaningful sentience, reason and rationality

Shut da f u ck.

jrusky:
Shut da f u ck.

You don't have the capacity to engage in sensible conversation

The way Emefiele's name keeps flying around, one would think he was Nigeria's president for eight years. APC is a curse!

DJInfluence:
Somebody please explain to my tiny brain how these people are claiming they have removed petrol subsidy?
My brain tells me that if the fuel is being imported and Naira has lost a lot of value to the dollar (1$ to #1000+), and fuel is being sold at #620-700 per liter. How's that possible without subsidy.

Subsidy has been returned since August.

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Bobloco:
You don't have the capacity to engage in sensible conversation

I said f u c k you if you can't answer my question. "Are you cbn staff to know Cardoso convey meeting or not? If you can't provide answe to that fu-ck and fu-ck you very seriously.

I don't engage any Ipobidents motherfucker goat in any discussion because they are naturally a dead beat disgusting mofo pls get off.

Do your worst because Cardoso did not convey any meeting or kill yourself. I hate you all ipobidient with passion pls get lost. Ndiala!

MT:
Don't be this bitter.

Part of his job is to tell the public how things stand.

Maybe you need to reconceptualize the word "bitter" because you missed it totally in this context.
That's his business. If he does well, it's to his credit. If he fails, he will be remembered for it.

jrusky:
I said f u c k you if you can't answer my question. "Are you cbn staff to know Cardoso convey meeting or not? If you can't provide answe to that fu-ck and fu-ck you very seriously.

I don't engage any Ipobidents motherfucker goat in any discussion because they are naturally a dead beat disgusting mofo pls get off.

Do your worst because Cardoso did not convey any meeting or kill yourself. I hate you all ipobidient with passion pls get lost. Ndiala!

Truly, you are on drugs

Bobloco:
Truly, you are on drugs

Last time I checked I don't I don't really think I care who da bleep you are. Ok.

bigiyaro:
what is this weakling saying? Abeg face your front.

The real weaklings are you and your elders who are locking themselves in every Monday

SisterAnn:
So emefiele was in charge? What happened to buhari will fix security while osunbande will fix the economy you headless chickens were singing?

No, he wasn't, you are. Ode!

maasoap:
The real weaklings are you and your elders who are locking themselves in every Monday

Nawao, wahala dey.

Cmeo:
This is a smart strategic move, I swear.

Through this, Yemi Cardso has given them a job to be looking for investors that will help shore-up their capital instead of looking for people who they will help with dollar speculation (as most of their top icons do now). Yemi has turn them to "invest in my business" marketers now instead of the Emefiele's style "buy low, sell high" marketers. This will help our naira in the mid-term as they will be forced to approach their dollar speculators to help their capital thereby reducing the fund availability for dollar speculation. I pray it is implemented soon.

Killing 2 birds with one stone! no be APC apparatchiks that made billions durin Buhari's 8 years of misrule? na dem dem! Good move if it works!