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CBN Uncovers $2.4bn Foreign Exchange Scam - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPoliticsCBN Uncovers $2.4bn Foreign Exchange Scam (30900 Views)

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Re: CBN Uncovers $2.4bn Foreign Exchange Scam by NewDea4: 1:25am On Mar 27, 2024
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by pacificom: 1:30am On Mar 27, 2024
Nab them Boss, good citizens of Nigeria are proud of you.
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Sapasenator: 1:31am On Mar 27, 2024
Godfullsam:
Soon, we shall know that Emiefele and buhari stole more than Abacha .
And Tinubu will do nothing about it. No one will be prosecuted.
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by NewDea4: 1:33am On Mar 27, 2024
99thEnemy:
Please how is Emefiele nourishing on one legume with enough water to balance the diet?

Someone called it Super Hydrated Beans.

The value of Cowpea and water cannot be underestimated in our dear Nigeria.
Go there and find out his food is procured from Radisson Blu at least twice in a day...person wey dey go bring that food sef don nearly buy motor on top the racket

Una too mumu
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by broadman20: 2:53am On Mar 27, 2024
Godfullsam:
Soon, we shall know that Emiefele and buhari stole more than Abacha .
You will be telling us soon and another four years will pass.

Please people want to see proof and not propaganda.
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Shimbo96(m): 3:44am On Mar 27, 2024
socialmediaman:
The only difference between this government and the previous one is, this one has unprecedented levels of propaganda!

Like, you met someone who was managing to eat 4 slices of bread as their only meal of the day, cut their only meal to only 1 slice of bread, then if they're able to eat 2 slices of bread for a meal, you start celebrating the improvement on the newspapers.
the first guy to comment was talking about people like you, that only appreciate failure and doesn't believe in the development of the new Nigeria. Ask for help bro, you need it.
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by GABRIEL6036: 3:58am On Mar 27, 2024
We are seeing light at ends of the tunnel now cheesy... Arrest any murdafuckery involved.
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Lovenorth: 4:11am On Mar 27, 2024
Why didn't them do it during Buhari administration? Why did you allow them to do it in your administration? Are you telling us this rubbish for us to cry or to rejoice?
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by ozo13(m): 4:52am On Mar 27, 2024
RecentHistory:
Them don come
they are called emergency lover of Nigeria grin
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by FuckYeyeMods: 4:53am On Mar 27, 2024
rinzaugustine:
They should invest the money they use in promoting all these propaganda on farmers because they are now sounding like baba suwe…nothing fruitful ever comes out from a stolen mandate. If Tinubu and his band of thieves are not slaughtered like Rawlings did, nothing positive will ever happened except that more Agbadorites will die of starvation and the rest end up naked in mad people’s homes
Backlogs saved, $2.4b Saved
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by babashiko(m): 4:53am On Mar 27, 2024
EFCC should investigate this matter and those found wanting should face the full wrath of the law expect CBN is lying to us. Someone can't just forged documents to defraud us and nothing happen to them
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by FuckYeyeMods: 4:57am On Mar 27, 2024
Lovenorth:
Why didn't them do it during Buhari administration? Why did you allow them to do it in your administration? Are you telling us this rubbish for us to cry or to rejoice?
They want to settle backlogs..
You guys should learn
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by predictor1: 5:11am On Mar 27, 2024
Lovenorth:
Why didn't them do it during Buhari administration? Why did you allow them to do it in your administration? Are you telling us this rubbish for us to cry or to rejoice?
Backlog of claims. Mainly from Buhari's time.
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Bosman17: 5:23am On Mar 27, 2024
socialmediaman:
The only difference between this government and the previous one is, this one has unprecedented levels of propaganda!

Like, you met someone who was managing to eat 4 slices of bread as their only meal of the day, cut their only meal to only 1 slice of bread, then if they're able to eat 2 slices of bread for a meal, you start celebrating the improvement on the newspapers.
What you said does not make sense… he’s just explained why he raised the MPR, and why he thinks it will help curb inflation and further encouraged the provision for farmers be met to sustain food production… your biased mindset couldn’t conceive all his remarks… thank you! One thing I know is Nigeria dodged a bullet by not voting for that quack trader… who thinks the only way to economic recovery is to cut cost
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Bosman17: 5:28am On Mar 27, 2024
obaidan:
na for Nigeria u go see government make announcement say dem dey investigate thief..why not finish investigation and delay announcement till when charges...abi una just dey alert thieves to clean up and lock shop
Govt said it has cleared all the forex backlog, some individuals said no, there are outstandings… govt is making a position on the alleged outstandings… they said it’s propaganda.. Many Nigerian youths are very dull…
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Charly68: 5:33am On Mar 27, 2024
We want those behind the scam arrested and prosecuted as long as we know that they are not ghosts . If we work backward we shall see that the whole tenure of Emefiele at the Apex bank was a scarm . it is so sad ..
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Lovenorth: 5:50am On Mar 27, 2024
predictor1:
Backlog of claims. Mainly from Buhari's time.
This is a pure propaganda, the Tinubu that claims to be doing the right thing what is the pragmatic benefit to the price of good and services for the benefit of Nigerians?
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by predictor1: 5:53am On Mar 27, 2024
Lovenorth:
This is a pure propaganda, the Tinubu that claims to be doing the right thing what is the pragmatic benefit to the price of good and services for the benefit of Nigerians?
Prices will drop. Nigerians are the ones working against Nigeria right now through profiteering, artificial increments in prices and smuggling food to neighbouring countries.
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Lovenorth: 6:01am On Mar 27, 2024
predictor1:
Prices will drop. Nigerians are the ones working against Nigeria right now through profiteering, artificial increments in prices and smuggling food to neighbouring countries.
All these you mentioned are happening because of our weak currency as a result of bad government policies. For the price dropping let me see it first. This government never take responsibility, they always blame other group for its cluelessness
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by predictor1: 6:02am On Mar 27, 2024
Lovenorth:
All these you mentioned are happening because of our weak currency as a result of bad government policies. For the price dropping let me see it first. This government never take responsibility, they always blame other group for its cluelessness
Ok. Which of the policies are bad?
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Nauttyprof(m): 6:30am On Mar 27, 2024
socialmediaman:
The only difference between this government and the previous one is, this one has unprecedented levels of propaganda!

Like, you met someone who was managing to eat 4 slices of bread as their only meal of the day, cut their only meal to only 1 slice of bread, then if they're able to eat 2 slices of bread for a meal, you start celebrating the improvement on the newspapers.
The propaganda you can't explain. This is just sick. Auditing firm scrutinized documents presented and CBN acted on the outcome of the audit, you call this propaganda again?

When they steal from the government or the government waste resources, we criticise the government. Now, the government took a very good step, you call it propaganda.

Explain the propaganda
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Hotice085: 7:09am On Mar 27, 2024
socialmediaman:
The only difference between this government and the previous one is, this one has unprecedented levels of propaganda!

Like, you met someone who was managing to eat 4 slices of bread as their only meal of the day, cut their only meal to only 1 slice of bread, then if they're able to eat 2 slices of bread for a meal, you start celebrating the improvement on the newspapers.
Emiefele must be your father while the former attorney general must be your uncle

Ewu propaganda
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Bizibi(m): 7:14am On Mar 27, 2024
FreeStuffsNG:
According to Cardoso, “In the cause of that forensic audit, we determined that a number of these transactions did not qualify. In some cases, you had some requests, which well you actually had some allocations that were made in millions of dollars, which were never requested for.

Classic Cardoso the Headmaster . No heading no money.
God bless Nigeria for ever! Check my signature for free stuffs!
when some of us were telling you about emefiele in 2022 you were arguing because you are a supporter of the government. Sometimes dey think before you support......
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by PHAYOL81: 7:25am On Mar 27, 2024
Another discovery. I hope somebody ain't feeling witchhunted.
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Timmi:
socialmediaman:
The only difference between this government and the previous one is, this one has unprecedented levels of propaganda!

Like, you met someone who was managing to eat 4 slices of bread as their only meal of the day, cut their only meal to only 1 slice of bread, then if they're able to eat 2 slices of bread for a meal, you start celebrating the improvement on the newspapers.
Lack of understanding and comprehension of fiscal and financial policy caused you to label the vital decisions taking by CBN as propaganda and reduced it to stomach infrastructure. At least, you have seen how the foreign exchange market has been tamed based on the CBN decision unless you are just an ObiZombie where sense is no longer common.
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Lovenorth: 7:53am On Mar 27, 2024
predictor1:
Ok. Which of the policies are bad?
1. Removal of subsidy without careful planning and implementation
2. Floating of our currency
3. Closure of the Nigerian borders to Niger republic
4. Imposition/increase of tax on major commodities
5. Lack of sacrifice and extravagance life style of the president and his appointees
6. Increase in the cost of governance at the expense of Nigerian people
7. Blaming the previous APC government for their failure/lack of taking responsibility
8. Corruption in the distribution of relief packages
9. Lack of fulfilment of promises
10. Trial and error in approach,
11. Not importing food while we have limited in Nigeria
12. Policy of hunger and starvation.
13. You asked people to grow their own food without providing security for them kiss
etc
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by frog12: 7:54am On Mar 27, 2024
you will be surprised the people behind the fake trades are CBN staffs grin grin grin
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by predictor1: 8:00am On Mar 27, 2024
Lovenorth:
1. Removal of subsidy without careful planning and implementation
2. Floating of our currency
3. Closure of the Nigerian borders to Niger republic
4. Imposition/increase of tax on major commodities
5. Lack of sacrifice and extravagance life style of the president and his appointees
6. Increase in the cost of governance at the expense of Nigerian people
7. Blaming the previous APC government for their failure/lack of taking responsibility
8. Corruption in the distribution of relief package
9. Lack of fulfilment of promises
10. Trial and error in approach, etc
I agree with you on points 5 and 6. Number 1 and 2 were very necessary steps. If you were in his position you would have done the same.

https://www.economist.com/the-americas/2024/03/19/after-100-brutal-days-javier-milei-has-markets-believing

I want you to read this article when you have the time and see what's going on in Argentina right now and what they're doing to solve the problem. If they had someone like Tinubu and Cardozo in Argentina right now they'll thank God unlike Nigerians that don't seem to understand how badly Nigeria had been brought down by Jonathan and Buhari
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Lovenorth: 8:05am On Mar 27, 2024
predictor1:
I agree with you on points 5 and 6. Number 1 and 2 were very necessary steps. If you were in his position you would have done the same.

https://www.economist.com/the-americas/2024/03/19/after-100-brutal-days-javier-milei-has-markets-believing

I want you to read this article when you have the time and see what's going on in Argentina right now and what they're doing to solve the problem. If they had someone like Tinubu and Cardozo in Argentina right now they'll thank God unlike Nigerians that don't seem to understand how badly Nigeria had been brought down by Jonathan and Buhari
I will objectively study it later
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by emmaitive(m): 8:09am On Mar 27, 2024
Godfullsam:
Soon, we shall know that Emiefele and buhari stole more than Abacha .
tiefnubu and cardoso will be worse
Re: CBN Uncovers $2.4bn Foreign Exchange Scam by Edeh09135399(m): 8:13am On Mar 27, 2024
dre11:
https://thenationonlineng.net/cbn-uncovers-2-4bn-foreign-exchange-scam/
and what will the money be used for, going back to government porket
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