₦airaland Forum

iykedare:
Good news. Not everyone who has forex is corrupt. Nigerians have the right to save their money in whatever currency they want. Whoever taught of this is stupid.

omohayek:
It's good to see that the members of the Senate have some respect for private property rights, even if Buhari's government seems not to understand what that means. Seizing the funds of private citizens is nothing other than theft, unless it can be shown that the funds in question were earned illegally.

Countries with sensible monetary policies have no need to send security agents to ransack peoples houses for foreign exchange; only in basket-cases like Zimbabwe and Venezuela does one see such things going on. If anyone ever doubted that Buhari is utterly ignorant of economics, this latest nonsensical policy is all the proof one requires. Its only result will be to worsen the shortage of foreign exchange, as now no one will want to take the risk of having their remitted forex seized by the government on a flimsy pretext.

Dee60:
I follow your argument. It is just that Nigeria is peculiar in so many respects. We do things that are abnormal and things you wont hear off anywhere else. It is only in Nigeria that a state governor can corner a big part of his state's money, change it to dollars and keep in his house! Or where else will a judge keep one million dollars in his house. CBN is not seizing funds that are kept in the bank. They are just looking to get the dollars into the banking system, not in roofs and wardrobes!

Will moral suasion work? I dont think so.

We have become more of a mafia state, where the rich are very lawless. Miltancy and terrorism is funded with dollars kept in houses.

Of course, the senators will reject it. How else will they keep their 'sharings'?

I think Nigeria cannot afford extreme liberalism. It has not worked and may never work.

No one knows how much of SUD is sitting in homes of Nigerians, particular government workers, leaders and civil servants! As long as we save in USD and keep the USD in homes, our Naira will continue to suffer.

Presidiotbuhari:
It seems emiefele's cluelessness is at par with buhari's own.

While one is presiDIOT, the other is governorIDIOT. Two misfit

greenermodels:
please who have seen or heard from Aisha buhari.

KingRex1:
Emefiele doesn't know these senators own forex or work with people who own

DirtyGold:
What has the senate ever done to deserve applause in this country sef?
Bunch of criminals feeding fat on our commonwealth.
I'm just looking at them like... kontinu
Dollar is not our legal tender. If you do legit business in dollars, i dont see why you will need to hold it for so long without it being tagged "speculation".

What's tha business?

Clone2020:
That proposal made no sense whatsover. This government is running out of ideas and applying financial practices not seen anywhere else in the world.

dabossman:
She's in her husband's kitchen? What happin'?

Presidiotbuhari:
It seems emiefele's cluelessness is at par with buhari's own.

While one is presiDIOT, the other is governorIDIOT. Two misfit

yeyeboi:
Imagine All The Problems This Dullard President Is Putting Nigerians through


It Shall Not Be Well With All The Government Elements Stressing We Innocent Citizen.

Just Imagine, Please I Want Zombies To Tell Me What This Dullards Has Achieved For Almost 2yrs Now

It is only Retardeens like you that are swearing over nothing!
Instead of using your God-given brain to find a solution to your laziness, you are waiting on Buhari to come and feed you with #5,000 per Month!

if you cant see what the President has achieved in 2years, then you really deserve to starve to death, like you are doing now!
Get a cure for your "Flattinosis" head disease.

iykedare:
Good news. Not everyone who has forex is corrupt. Nigerians have the right to save their money in whatever currency they want. Whoever taught of this is stupid.

CHANCEMAN:
Is speculation a crime? Why should government dictate the mode I should hold my assets?

yeyeboi:
Imagine All The Problems This Dullard President Is Putting Nigerians through


It Shall Not Be Well With All The Government Elements Stressing We Innocent Citizen.

Just Imagine, Please I Want Zombies To Tell Me What This Dullards Has Achieved For Almost 2yrs Now