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Forex Scam In The Presidency Alleged By Pdp - Politics - Nairaland

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Forex Scam In The Presidency Alleged By Pdp by beowulfagate: 6:51pm On Aug 31, 2016
This was posted on PDP Twitter handle.


Mod needful please

Re: Forex Scam In The Presidency Alleged By Pdp by 989900: 7:37pm On Aug 31, 2016
This Forex issue will be the undoing of Buhari and APC. As much as PDP's allegations cannot be taken seriously without evidence, the forex fraud is definitely on big time and kicking, and that is a big shame on Emefiele and Buhari . . . same guys that are quick to run their smelly mouth heaping the blame on the people's alleged thirst for foreign goods.

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Re: Forex Scam In The Presidency Alleged By Pdp by Standing5(m): 8:33pm On Aug 31, 2016
If Forex turns out to be the undoing of Buhari and APC it is because of the deep ignorance about the issue of how our own Forex system works.
Re: Forex Scam In The Presidency Alleged By Pdp by Standing5(m): 8:37pm On Aug 31, 2016
989900:
This Forex issue will be the undoing of Buhari and APC. As much as PDP's allegations cannot be taken seriously without evidence, the forex fraud is definitely on big time and kicking, and that is a big shame on Emefiele and Buhari . . . same guys that are quick to run their smelly mouth heaping the blame on the people's alleged thirst for foreign goods .
Re: Forex Scam In The Presidency Alleged By Pdp by 989900: 8:45pm On Aug 31, 2016
Standing5:
If Forex turns out to be the undoing of Buhari and APC it is because of the deep ignorance about the issue of how our own Forex system works.

How does the Forex system work?
Re: Forex Scam In The Presidency Alleged By Pdp by Standing5(m): 8:54pm On Aug 31, 2016
989900:


How does the Forex system work?
Thank you.
Our forex system is subsidized like petrol used to be and is therefore open to every kind of attack petrol subsidy suffered from. The one you are emphasising is the round-tripping attack.
Re: Forex Scam In The Presidency Alleged By Pdp by 989900: 9:10pm On Aug 31, 2016
Standing5:
Thank you.
Our forex system is subsidized like petrol used to be and is therefore open to every kind of attack petrol subsidy suffered from. The one you are emphasising is the round-tripping attack.

So, if the system is rigged with saboteurs and racketeers, and the CBN whose primary assignment is to stabilize the Naira is implicated for connivance and incompetence, and the presidency too, then we either stick with perpetual pauperization, or change managers and board with our only right as it is: the vote.
Re: Forex Scam In The Presidency Alleged By Pdp by Standing5(m): 9:43pm On Aug 31, 2016
989900:


So, if the system is rigged with saboteurs and racketeers, and the CBN whose primary assignment is to stabilize the Naira is implicated for connivance and incompetence, and the presidency too, then we either stick with perpetual pauperization, or change managers and board with our only right as it is: the vote.
No. We change the system. There is round-tripping of dollar just like there was for fuel because the govt decided to subsidize the dollar (A.K.A. Defend the Naira) by flooding the market with low priced dollar. They do this via CBN and Commercial banks who just like PPPRA, NNPC, Marketers. & other officials in petrol distribution are corrupt. Change the system by stopping the subsidy. Buhari attempted to partially stop Dollar subsidy to inspire local production but was blamed by same set of people you are emphasizing here because it didn't favour them.
Re: Forex Scam In The Presidency Alleged By Pdp by mickey45: 10:35pm On Aug 31, 2016
A lazy amateur/apprentice barber will outdo a pro who completely exited the trade about 30 yrs ago, tools, styles, techniques etc surely would have changed.

I'm not any bit surprised though, we'll sure blame global oil prices but what of the massive fx round-tripping?

Tell me GEJ misspent our money and I'd say "oha" but this it happened in a time of plenty, what to say of these ones who're raping the nation black and blue despite knowing she's in a fix defies naming

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Re: Forex Scam In The Presidency Alleged By Pdp by tuniski: 11:00pm On Aug 31, 2016
They are padding, stealing and raping nigeria at this perilous times. While their suffering and smiling fans keep screaming anti corruption sai baba.
The corruption during famine is the worst form of corruption! May God save us from these hypocrites in power!
Re: Forex Scam In The Presidency Alleged By Pdp by basilo101: 1:16am On Sep 01, 2016
Lol, buhari is corruption personified

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