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Nairaland Forum / Nairaland / General / Business / Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction (23203 Views)
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Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by Islie: 11:00am On Mar 22, 2020 |
THE Central Bank of Nigeria (CBN) reportedly fined major banks and bureau de change operators hundreds of millions for committing all forms of infraction including selling foreign exchange to unauthorized persons, The Nation has learnt. https://thenationonlineng.net/forex-racketeering-cbn-fines-banks-bdcs-hundreds-of-millions-for-infraction/
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Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by Simplyleo: 11:10am On Mar 22, 2020 |
The forces of demand and supply is natural. Arresting syndicates in forex is a mere cosmetic solution which can't stand the test of time. If the dollars are in sufficient supply, I don't know how the forex operators will swindle anyone. Just like sufficient availability of PMS at the filling station. How can the blackmarkers end up swindling me when I can just drive into any filling station and get my tank filled? Since the naira has been devalued, I believe water will naturally find its level very very soon. 19 Likes 2 Shares |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by SimplyleoLove: 11:31am On Mar 22, 2020 |
[s] Simplyleo:[/s] 15 Likes |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by gcon21: 4:15pm On Mar 22, 2020 |
Ok |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by iammo(m): 4:15pm On Mar 22, 2020 |
Oshi give Nigerians free acees to online freelance market, throw out paypal and payoonerr bottlenecks and let Nigerians competively compete . 5 Likes |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by Augustinaz(m): 4:16pm On Mar 22, 2020 |
Oo |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by ibori1(m): 4:16pm On Mar 22, 2020 |
I don't have any thing to to contribute I just wasted this space Makawhy? 4 Likes |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by aremuforlife(m): 4:16pm On Mar 22, 2020 |
[/quote][quote author=Simplyleo post=87660839]The forces of demand and supply is natural.It is a condemnable acts and no amount of justification can justify that. 3 Likes |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by BennyDGreat: 4:17pm On Mar 22, 2020 |
Taking advantage of the loopholes in the system 1 Like |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by DAVE5(m): 4:17pm On Mar 22, 2020 |
In this hard times, Sha fine them and use it to sustain our economy against collapse due to obanikoro 2 Likes |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by pointstores(m): 4:17pm On Mar 22, 2020 |
Nawa |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by Luthercboi: 4:18pm On Mar 22, 2020 |
Stock exchange is paying Bois now on MT4 Na scarpping sure pass for now till the economic crisis settles 1 Like |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by dingbang(m): 4:18pm On Mar 22, 2020 |
No be today corruption start |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by YorubaKinging: 4:19pm On Mar 22, 2020 |
Ok |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by MANNABBQGRILLS: 4:19pm On Mar 22, 2020 |
ehbellsho: Hope the below helps? imiski: This is even more explanatory. This belongs to Frontpage. Thanks Agbari1 agbari1: 7 Likes 2 Shares |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by AroOkigbo(m): 4:20pm On Mar 22, 2020 |
It is easier for a camel to ass thorough the eye of a needle than for Nigeria to get better again. 1 Like 1 Share |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by NOwazobia: 4:20pm On Mar 22, 2020 |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by ChildFun: 4:20pm On Mar 22, 2020 |
Everybody is trying to survive the harsh economic times. CBN please free them joor.. Call me asap to rejuvenate your skin and tome your complexion. On zero eight zero six zero two nine one seven two nine. |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by Wizikal(m): 4:21pm On Mar 22, 2020 |
This is still nigeria |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by Mizwisdom(f): 4:21pm On Mar 22, 2020 |
We are our own worst enemy. Greed, everywhere. 2 Likes 1 Share |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by Smartfix: 4:22pm On Mar 22, 2020 |
Okay. Obviously, that is the right way to regulate the forex market and encourage due process. In the grand scheme of things some of the culprits may be served a prison sentence. In another news, All car owners and drivers should take note of the details on my signature. Cracks are very much repairable and the replacement cost saved. Don't ignore the little chip on your windscreen, thinking it will not spread further. Save the numbers and do the needful at the appropriate time. Cheers. 1 Like |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by robosky02(m): 4:24pm On Mar 22, 2020 |
Issorite |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by sammyj: 4:27pm On Mar 22, 2020 |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by legalwealth(m): 4:27pm On Mar 22, 2020 |
Good! !! |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by DenreleDave(m): 4:27pm On Mar 22, 2020 |
I don't understand. Can sumone brief it for me I didn't even read it at all. |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by ichidodo: 4:29pm On Mar 22, 2020 |
Most of these enterprises think they can just do any how without puntive costs?...Good The CBN is alive to her duties....I just pity those speculators -economic sabotoeurs- who bought dollars at 400 or 420 waiting for it to fall to 500.They have just lost money..... |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by SweetJoystick(m): 4:30pm On Mar 22, 2020 |
post=87669123:Who released you from prison ban no do well at all |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by MANNABBQGRILLS: 4:30pm On Mar 22, 2020 |
SweetJoystick:u wan cry small b4 u sleep tonite shey or na only GBAS-GBOS u wan take ur head carry? Choose 1. |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by SweetJoystick(m): 4:31pm On Mar 22, 2020 |
post=87669464:� them suppose ban you for life 2 Likes |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by Oblitz(m): 4:35pm On Mar 22, 2020 |
AroOkigbo: There's still hope o! |
Re: Forex Racketeering: CBN Fines Banks, Bdcs Hundreds Of Millions For Infraction by AmeLonRo(m): 4:35pm On Mar 22, 2020 |
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