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Buhari: BDC Is A Scam And Drain To Nigeria - Business (6) - Nairaland

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Re: Buhari: BDC Is A Scam And Drain To Nigeria by Kingspin(m): 11:54pm On Jan 29, 2016
kennyman2000:
Northerners are the ones who're into BDC. Buhari isnt supposed to stop sales of forex to them based on the fact of northerners caucus things but he STOPPED THE SALES.
with this. I can confidently say, Buhari mean well for Nigeria as a whole.

God bless the federal republic of Nigeria.
God bless president Buhari.


Check my signature for ur customised wristband.
Nigeria is only better on Naira land, but how I wish is truly Nigeria. Nigerians both the government and people talk too much. We live by faith and wishes in this country.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by abbaapple: 12:01am On Jan 30, 2016
[s]
dammytosh:



You passed yours but nobody sabi u.

Any small issue is an opportunity to vent your anger without thinking at all.

I will give up my A1 in Mathematics and Economics to be both a Military Head Of State and Civilian President in your life time.

and yes i had A1 in Physics, Economics and Mathematics WAEC can come and take it in exchange for that.
[/s]

I pitty u! U lack manners dude! I beliv evn if he is not ur presdnt he is as old as ur dad! Buy urslf a brain! And stop Layin for waec
Re: Buhari: BDC Is A Scam And Drain To Nigeria by MadCow1: 1:58am On Jan 30, 2016
ZACHIE:

You that you know so much, has your Knowledge ended endemic poverty around you?

All these I-Too-Know busy bodies should spare us their truckload of BS.


Re: Buhari: BDC Is A Scam And Drain To Nigeria by MadCow1: 1:59am On Jan 30, 2016
abbaapple:
[s][/s]

I pitty u! U lack manners dude! I beliv evn if he is not ur presdnt he is as old as ur dad! Buy urslf a brain! And stop Layin for waec


Please what were you trying to type?

2 Likes

Re: Buhari: BDC Is A Scam And Drain To Nigeria by MadCow1: 2:02am On Jan 30, 2016
Obipat:
oga, I sold 100 dollars @ rate of #304 on tuesday to BDC. Get ur facvts right. Have u see a dollar before except on TV?


1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Nobody: 2:04am On Jan 30, 2016
focus7:
Must you expose your ignorance here, where does a BDC buy dollar from you for 300?
pls wen last did u change dollars with
Re: Buhari: BDC Is A Scam And Drain To Nigeria by truthspeaks: 3:22am On Jan 30, 2016
As president n ur president, he z responsible for both technical n non-technical decisions made under his govt. So I dnt get d basis of ur argument. Ppl wey tink say dem go skul, na dem go still de misbehave. And by d way, read ur post again n correct ur grammatical blunders
RedCapChief:
Whether the BDCs are a scam is a debatable point.

What is actually worrying is how Buhari seems to have taken charge of making technical decisions about our economy. I stand to be corrected, but he doesn't have any qualification in economics/finance or any allied discipline.
The other day, he was quoted as not being "convinced about the benefits of devaluation." I don't know if he has the technical skill to make the understand financial jargon. If it was Emefiele that was not convinced, that is understandable as he is a professional. But Buhari??

Re: Buhari: BDC Is A Scam And Drain To Nigeria by babafirst(m): 4:34am On Jan 30, 2016
kennyman2000:
Northerners are the ones who're into BDC. Buhari isnt supposed to stop sales of forex to them based on the fact of northerners caucus things but he STOPPED THE SALES.
with this. I can confidently say, Buhari mean well for Nigeria as a whole.

God bless the federal republic of Nigeria.
God bless president Buhari.


Check my signature for ur customised wristband.
I agree with you,if na spare parts dealers,chemist owners,kpomo sellers PMB attack now we go say na our brothers im dey attack.Buhari is detribalised.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by babafirst(m): 4:45am On Jan 30, 2016
nnachukz:
What does he know about economic activities? Remember he failed maths and economics in the WAEC result awarded to him by his Principal. To him everything he doesn't understand is a scam and corruption.
What did the ineffectual buffoon achieve with his PHD?

1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Aafulenu(f): 5:55am On Jan 30, 2016
I hope you guys know that when we talk about bdcs we do not mean the average mallams and nwa boys hanging around the street asking if u want to buy or sell dollars.

Those are not BDC.

Please let's get our facts right.

They are simply hawkers of dollars. they even buy from the Real BDCs

2 Likes 1 Share

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Nobody: 6:17am On Jan 30, 2016
kennyman2000:
Northerners are the ones who're into BDC. Buhari isnt supposed to stop sales of forex to them based on the fact of northerners caucus things but he STOPPED THE SALES.
with this. I can confidently say, Buhari mean well for Nigeria as a whole.

God bless the federal republic of Nigeria.
God bless president Buhari.


Check my signature for ur customised wristband.

Lol, you are a potential maga candidate.

After the BDC has been settled your here telling us story. Use your eyes if your brain is not allowing you to be non partial.

It is dangerous to be a follower because your leader will never be wrong.

I said it earlier, the major players of BDC were settled by the government policy of selling dollar to them against selling to the bank.

Now listen, never you mistake these road sellers as the real players in the dollar market. They are the retailers. Their are franchise suppliers to wholesalers in that chain.

One question

Why was the banking institutions stopped from selling dollar to business people except to BDC whom business people are expected to buy from?

After you answer as yourself

What will happen if NNPC stop selling fuel to filling stations rather sell to black marketers?

Them they use our head.

2 Likes

Re: Buhari: BDC Is A Scam And Drain To Nigeria by benini56(m): 7:02am On Jan 30, 2016
Each day I thank God for giving me the heart for voting GMB as my president. You with the papers wey u get which nobody no if u even enter class get, or somebody sit down write them for u, u don fit use am rule yourself well?.

1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by mrDennis(m): 7:17am On Jan 30, 2016
kennyman2000:
Northerners are the ones who're into BDC. Buhari isnt supposed to stop sales of forex to them based on the fact of northerners caucus things but he STOPPED THE SALES.
with this. I can confidently say, Buhari mean well for Nigeria as a whole.

God bless the federal republic of Nigeria.
God bless president Buhari.


Check my signature for ur customised wristband.

Funny thing is those separatist will still look for a way to say it's another anti-ibo. Policy directive from pmb .

1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by mrDennis(m): 7:22am On Jan 30, 2016
RedCapChief:
Whether the BDCs are a scam is a debatable point.

What is actually worrying is how Buhari seems to have taken charge of making technical decisions about our economy. I stand to be corrected, but he doesn't have any qualification in economics/finance or any allied discipline.
The other day, he was quoted as not being "convinced about the benefits of devaluation." I don't know if he has the technical skill to make the understand financial jargon. If it was Emefiele that was not convinced, that is understandable as he is a professional. But Buhari??


It's not about technical skill, it's about analytical Skill , that is why a governor / presido has special advisers?!
They play him the tape in layman basis and he decides whether it's worth pursuing .

Not like a former presido who just says ... You're the one with financial knowledge , anything you say is right. Lol

2 Likes 2 Shares

Re: Buhari: BDC Is A Scam And Drain To Nigeria by 989900: 7:28am On Jan 30, 2016
How about the thieving b@$tardbanks?!! angry angry angry
Re: Buhari: BDC Is A Scam And Drain To Nigeria by dammytosh: 8:00am On Jan 30, 2016
abbaapple:
[s][/s]

I pitty u! U lack manners dude! I beliv evn if he is not ur presdnt he is as old as ur dad! Buy urslf a brain! And stop Layin for waec

Read ur comment again and ask urself what you took before u typed the rubbish.

U dnt only lack manners u also lack understanding.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by hooklover: 8:17am On Jan 30, 2016
[quote author=nnachukz post=42428050]What does he know about economic activities? Remember he failed maths and economics in the WAEC result awarded to him by his Principal. To him everything he doesn't understand is a scam and corruption.[/quot

U 2 everything u don't understand is it not scam.cos d BDC were reaping the govt.Buying at 199 and sell at 269 does dat not smell scam.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by Nobody: 8:39am On Jan 30, 2016
Business / Re: Buhari: BDC Is A Scam And Drain To Nigeria by fashrola(m): 10:24pm On Jan 29

victorels:
Really.

Every form of business is a scam. The government is shouting because they are not the ones benefiting from it.

Central bank should take control of all e-transactions in Nigeria and push visa card and mastercard out of operation in Nigeria so that they can be able to track every transactions made for international purposes.


Push visa and mastercard out of operation in Nigeria? Bros u dey hear urself?

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Business / Re: Buhari: BDC Is A Scam And Drain To Nigeria by coolsix(m): 10:16pm On Jan 29

victorels:
Really.

Every form of business is a scam. The government is shouting because they are not the ones benefiting from it.

Central bank should take control of all e-transactions in Nigeria and push visa card and mastercard out of operation in Nigeria so that they can be able to track every transactions made for international purposes.


What are you saying? Does it make sense to you? Without Visa Card and MasterCard how do we make payments? We should go back to 1960 right?

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Business / Re: Buhari: BDC Is A Scam And Drain To Nigeria by samento: 10:01pm On Jan 29

victorels:
Really.

Every form of business is a scam. The government is shouting because they are not the ones benefiting from it.

Central bank should take control of all e-transactions in Nigeria and push visa card and mastercard out of operation in Nigeria so that they can be able to track every transactions made for international purposes.

Read and re-read what you wrote. Does it make any meaning to you.

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Business / Re: Buhari: BDC Is A Scam And Drain To Nigeria by miqos02(m): 8:43pm On Jan 29

victorels:
Really.

Every form of business is a scam. The government is shouting because they are not the ones benefiting from it.

Central bank should take control of all e-transactions in Nigeria and push visa card and mastercard out of operation in Nigeria so that they can be able to track every transactions made for international purposes.

what?

(Quote) (Report) (Like) (Share)

How do you think mastercard, and Visa Card Operate. Every transaction online you do in dollar, CBN collect about 197 naira for a dollar while your bank charges you 306 naira for a dollar. Mastercard and Visa Card only provide the platform and security of the transactions. who do you think is loosing.

CBN can develop it home transaction card and platform so that banks won't rip federal government off again.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by UrbanMystique: 8:55am On Jan 30, 2016
playtheblues:
Am in Uyo.


Go to Allen Avenue in Lagos you will see a mixture of Yoruba and Hausa BDC operators, though most of us prefer the Hausas there..., go to Idumota and Ajao Estate (Airport rd) you will find Igbo, Yoruba and Hausa there. enter airport, Sabo, Yaba, Ebute Meta East, Sulurere the same thing.


bro biko Hausa dominates bdc .. Abeg shift jare.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by playtheblues(f): 9:04am On Jan 30, 2016
Go find a plastic chair and sit down.

UrbanMystique:
bro biko Hausa dominates bdc .. Abeg shift jare.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by UrbanMystique: 9:12am On Jan 30, 2016
playtheblues:
Go find a plastic chair and sit down.

do you know Hausa's dominate Alaba and ajegunle in Lagos?

We have more Hausa's in Alaba, ajegunle and computer village in Lagos than any other tribe ..
Re: Buhari: BDC Is A Scam And Drain To Nigeria by playtheblues(f): 9:18am On Jan 30, 2016
You have more Hausa than Igbos in computer village? Maybe you also have more Hausa in Ladipo and Alaba.

You must be a learner.


UrbanMystique:
do you know Hausa's dominate Alaba and ajegunle in Lagos?

We have more Hausa's in Alaba, ajegunle and computer village in Lagos than any other tribe ..
Re: Buhari: BDC Is A Scam And Drain To Nigeria by UrbanMystique: 9:21am On Jan 30, 2016
playtheblues:
You have more Hausa than Igbos in computer village? Maybe you also have more Hausa in Ladipo and Alaba.

You must be a learner.


yes.. That what you sound like when you oppsose that hasusa's dominate bdc. You sound like a learner ..saying northern don't dominate bdc is like saying we have more Hausa's in Alaba than igbos. You must be a learner..

Now I'm done .. Have a nice day.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by playtheblues(f): 9:25am On Jan 30, 2016
Come back here and finish your assignment: ranting all day.
UrbanMystique:
yes.. That what you sound like when you oppsose that hasusa's dominate bdc. You sound like a learner ..saying northern don't dominate bdc is like saying we have more Hausa's in Alaba than igbos. You must be a learner..

Now I'm done .. Have a nice day.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by murmee: 10:27am On Jan 30, 2016
ERAKAMUS:
Enor concern me na Abo.ki dey Change money him blodas dem.
Can you please translate what you have just written into English because I cant make any sence of it. And seriously speaking, we don't need the likes of you on this forum.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by Nobody: 10:28am On Jan 30, 2016
So much misinformation and adulterous cantankerous economics here. Accept what you read here at your own peril. Do I know better than PMB? No! but I'm pretty sure from his many 'interactions' he's a 'good old days' kind of man who isn't willing to take advice even on technical issues. It's worse because he can now say "I've been head of state before so what do you know..." Is it a coincedence that all the ministers have been relatively silent? - except Lai Mohammed (which we all know his purpose). PMB said they were noisemakers anyway.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by ERAKAMUS: 10:31am On Jan 30, 2016
murmee:
Can you please translate what you have just written into English because I cant make any sence of it. And seriously speaking, we don't need the likes of you on this forum.
KILL YASEF PLS.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by murmee: 10:37am On Jan 30, 2016
scachy:
What kind outdated president do we have for God's sake?

Is there any country that doesn't have BDC operators.
He should look for a way to restructure and regulate the BDCs so as to contribute positively to our economy and not label them scam n drain pipe.

The next thing now he ll scrap them off . Smh
Are you actually saying CBN should continue to sell Dollars to BDCs? Please name one country in the world (apart from Nigeria) where this is done.
Re: Buhari: BDC Is A Scam And Drain To Nigeria by murmee: 10:47am On Jan 30, 2016
scachy:


And it's only In Nigeria that one had to go to d Banks or to a particular market just to change or buy few currency notes.

Every other countries have BDCs on d streets that u don't v to go for miles to access them. And government gives a certain percentage of foreign currency to them y the source for the greater percentage. because they operate under Govt regulations
Can you please mention just one country ( apart from Nigeria) where Government give a certain percentage to BDCS to sell. Remember that Nairaland is read all over the world!
Re: Buhari: BDC Is A Scam And Drain To Nigeria by murmee: 11:01am On Jan 30, 2016
Vig86:

I think it is our banks that are causing the whole problem. I am not SURE but I think banks sell dollars(foreign currencies) to BDC for more than official price. That is why banks prefer selling to BDCs to selling tot their customers. I most cases, they will tell you they don't have dollars. This is just what I think. They are rent seekers. BDCs won't mind buying dollars for 250 from lo the banks.
You are the only one that is saying something close to the truth. As a matter of fact, a lot of high ranking officers of CBN are the real owners of BDC licenses. Do you now see that Buhari is not just going against his Northern brethren. He is actually tackling the problem from the roots. He has information!

1 Like

Re: Buhari: BDC Is A Scam And Drain To Nigeria by Nobody: 1:36pm On Jan 30, 2016
victorels:


How do you think mastercard, and Visa Card Operate. Every transaction online you do in dollar, CBN collect about 197 naira for a dollar while your bank charges you 306 naira for a dollar. Mastercard and Visa Card only provide the platform and security of the transactions. who do you think is loosing.

CBN can develop it home transaction card and platform so that banks won't rip federal government off again.

Ok what you are suggesting is for us to have a local card we use not MasterCard and Visa right? But what if we want to pay abroad? Bro you have no point
Re: Buhari: BDC Is A Scam And Drain To Nigeria by Nobody: 2:24pm On Jan 30, 2016
murmee:
You are the only one that is saying something close to the truth. As a matter of fact, a lot of high ranking officers of CBN are the real owners of BDC licenses. Do you now see that Buhari is not just going against his Northern brethren. He is actually tackling the problem from the roots. He has information!
It is a good development. I was furious when I had about it but after researching and reading relevant things about BDCs, I have come to understand where the PMB is coming from. Why they allowed these people to last till now is what I am really confused about.

1 Like

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