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Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others - Business (4) - Nairaland

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Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by free2ryhme: 11:40am On Apr 09
Farrason:


There is no difference between you and a Malu!!

Is Wakanow an airline or an indigenous travel agency. We are talking international airlines and olodo dey show me Wakanow and still claim right.

Your mumu too much no be small.


You dey mad.

You and pidgin no difference.

Is the airline not a foreign one? You foolish reach house. Is it not you that said foreign airlines charging in dollars

You see one that is affordable with the naira you went to look for one supporting your foolishness. What stops you from paying airline in naira. animal
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by Whalis: 11:44am On Apr 09
DonGenovese:

Thank you for this, if you're in the banking sector or Maritime sector,and in Apapa, you would be aware that we pay a number of fees all in USD. From Shipping payments to companies like MSC, Ocean network, Cosco etc, to regulatory payments to Nimasa, NPA etc all these end up putting pressure on the Naira, because the people making these payments would have to source it from the parallel market. I sincerely want to understand why these payments must be in USD, for companies doing business in Nigeria and also our Government regulatory agencies.
Are u defending the payment of OSP in dollars?
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by IbeOkehie: 11:50am On Apr 09
I'm not surprised most comments here are supportive of this daft EFCC policy. It's Nigerians after all, trust them to embrace foolishness. grin

People are using dollars for good reasons. People act rationally in their personal interest. Nigerians didn't wake up one day and start demanding dollars.

President Tinubu as far back as 2013 or 2014 was an advocate for massive printing of naira for government to spend. He even engaged in a war of words with then Finance Minister Ngozi Iweala. She warned it would cause inflation. I've previously supplied links to two major policy statements written by Tinubu at that time.

APC won control of the Federal Government and President Buhari implemented exactly that policy. Nigerians voted for him and his policies. He directed the CBN to print and print and print to supply money needed to fulfill his campaign promises to Nigerians such as Anchor Borrowers Scheme, N-Power, retention of fuel subsidy, School Feeding Program, Conditional Cash Transfer and much more. These are ALL cash spending programs, literal GIVING AWAY MONEY to Nigerians. The government also borrowed massive amounts of money to supplement spending, producing huge budget deficits.

The latest CBN audit published after much delay showed the new Tinubu Government printed 2.6 Trillion naira between May and Dec 2023!!!! All this inflation under their previous APC government and they still continued printing! Dem de craze

The increase in money supply since 2015 has destroyed the value of the naira. Nigerians lost confidence in their currency and for good reason. Nigerians with money in the bank watched the value of their savings shrink. Their SAVED naira and expected earnings couldn't buy as much as it used to. So they switched to dollars for the express purpose of preserving the VALUE of their legitimately earned money.

The APC governments caused the problem. Their policies drove Nigerians to the dollar.

This initiative is futile. The best way to persuade Nigerians is to improve the economy. Set the economy free!!!! You can't force me to use toilet paper as currency because you CLAIM it's worth something. That's FRAUD by use of FORCE, it's despicable. It's literal 419 fraud.

But Nigerians voted for this nonsense and actually deserve what they're getting. A government that FORCES the citizens to suffer losses. In fact this shows the government has no credible medium term plan to make the economy better. Only guns and jack boots.

Nonsense & Ingredients.

Good Luck to Nigeria.
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by DonGenovese: 12:25pm On Apr 09
Whalis:

Are u defending the payment of OSP in dollars?
Absolutely not, I was stating other areas where Dollarization of the economy, equally takes place.
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by IbeOkehie: 12:33pm On Apr 09
BondRiv:
This doesn't even need to be stated. Arrest anyone who does this.

And how do Nigerians preserve the value of their earnings and assets while government policy destroys the naira?

Asking for a friend because inflation is killing and patriotism isn't helping.

Good Luck to Nigerians.
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by Whalis: 12:55pm On Apr 09
DonGenovese:

Absolutely not, I was stating other areas where Dollarization of the economy, equally takes place.
Ok
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by Ukpadan(m): 1:25pm On Apr 09
EFCC should drop phone numbers ,so that one can report anyone found violating this order
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by Farrason: 1:42pm On Apr 09
free2ryhme:


You dey mad.

You and pidgin no difference.

Is the airline not a foreign one? You foolish reach house. Is it not you that said foreign airlines charging in dollars

You see one that is affordable with the naira you went to look for one supporting your foolishness. What stops you from paying airline in naira. animal

Loolz... E pain am. Is there anything like Wakanow Airline. This Agency was selling tickets in Naira even when airlines were selling in dollars.

Get sense, you refuse... Now u dey roam street, looking for where to buy. Just come my house, we go give for free.

Eran!!
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by commoditiesnig: 2:02pm On Apr 09
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by frog12: 2:30pm On Apr 09
go tell Federal plaza hotel, transcorp , etc grin grin grin
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by free2ryhme: 3:14pm On Apr 09
Farrason:


Loolz... E pain am. Is there anything like Wakanow Airline. This Agency was selling tickets in Naira even when airlines were selling in dollars.

Get sense, you refuse... Now u dey roam street, looking for where to buy. Just come my house, we go give for free.

Eran!!

Buy?

Chop first before you open your camel mouth dey talk of free.
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by Ahigbo1: 7:20pm On Apr 09
Let's rescue our near death naira together abeg
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by tnerro1(m): 10:12pm On Apr 09
What of customs charging importers In dollars?
Re: Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others by BALLOSKI: 6:36am On Apr 10
Tell FIRS not to collect taxes in Dollars too. This helps to put pressure on the naira. The elephant in the room is the politician(s) who would steal huge naira and would look for ways to convert it to dollar. Make it difficult for such transactions to happen. Break the black market too. Once everything is done, we'll record more gains.



This is a good move. If we're not senseless, in which other country does this madness happen?

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