₦airaland Forum

Dottore:
Well Phyno has made name but he missed it this time.. My humble opinion though

I think it's a miss, too

josephine123:
WATCH THE VIDEO


https://www.youtube.com/watch?v=bj0sYUnbT8g

It's sad watching this video. This horde of reporters are just horrible! Hear them giggling rather than ask the guy serious questions..." You are still our patron o!" As if they are begging for the usual hand out from politicians.

Regarding clearing in Apapa port, I think the major problem is the numerous tables and syndrome of 20 people doing the job of 1 man.

Getting assessment on the amount to pay (PAAR) government is straight forward. That takes a day.

Register your PAAR on customs website and printing assessment at DTI cafe takes a few hours. The problem here is there are custom guys at CPC office waiting to put alert on the same PAAR issued by custom HQ. If it's alerted, that means you should go and settle the "table" that put the alert. It could be admin's table, valuation desk etc. this will definitely take more than one day. Valuation desk might stretch to 2 days depending on negotiation for a compromise DN.

Booking a container for examination at Apapa takes 2 days - you book on Monday, you examine on Wednesday if they drop the container.

During examination you are faced with numerous agencies and various custom unit all doing the same job. I guess that's the govt way of reducing unemployment. The police nose around and get their 1000naira kickback. Secret service(SS) are also there haggling you for more bribe. Anti-bomb unit (police) are threatening to delay your goods clearance because they want to bring sniffer dogs if you don't settle well. Then the big guns: Custom's CIU comes to examine and write report. These ones are not like the rest agencies mentioned. If you no settle well.. You go enter! I really don't know why the have the CIU unit when there is a group called the custom examiners. These examiners are the ones to write report and refer your container to the Chief examiner for further action. Now things are easy or hard depends on the examiners' report. So you know the deal.. You have to make him HAPPY! Examination takes a day.

After the chief examiner signs and submits report to the releasing officer, the releasing officer's table enters the report into the system and prints out "inspection Act" reports. If your report is okay and the Boss thinks your are good to go, then he signs. But normally in Nigeria the signature comes without "Oga, abeg na." This means settle. This level of job is called "ba mi se." Meaning help me do. You settle with recharge cards or many "abeg." These takes a day or two.

The releasing office passes your documents to DC for the final stamp and signature. That's another one day if your job is "ba me si."

After releasing, the documents go through 4 to 5 tables that will register the document and at each of the front desks you settle with 500. From here, you move to gate. That's another level of clearance. The officers at the gate review your job. If they think you paid low duty or suspicious of the shipment, they may request you bring the container for fresh examination or raise extra duty to pay govt. now you see the twin swords hanging on your neck. And you know what it means -pay up and we waste your time and money. This takes a day.

You arrange truck to go in and pick up the container after you have paid your terminal and shipping charges, and have collect TDO -delivery order. Trucking your container out takes a day. But there a fresh CIU guys at the gate waiting to review your papers. They could delay things at this point.

Finally when you get out of the gate, customs FOU ( from ikeja) are waiting to examine your papers and shipment. If they are not satisfied, they may truck your goods down to Ikeja for another of clearance.

You see at every point, there is a sword hanging above you. And they all want a pound of flesh or you die!

It's tough being a clearing agent in this country, it's tough importing in this country. Every damn thing is tough in this country. This chop-me-I-chop mentality is creating a sort of tough life for everyone. Who do you blame, the custom guys need the extra buck to augment their salary, importer in turn raises prices to augment and the merry go round continues. What a life in giant of Africa!

PS: it took me less than 24 hours to clear a 20ft shipment at DFA (Dubai). All done on the computer. Token generated with pick up time. You give the token to driver and he goes to DFA to pick up.

Well, it's obvious this chump -Trump is a learner. Dropping many more MOABs won't settle the Afghan crisis. They have been bombing them since 2001, I guess; and the situation hasn't really changed. Taliban still rules a vast area of the country. The truth is every leader in that region knows that the U.S. And her western allies only show a half-hearted approach to the problem. And also they know it was the U.S. That created the mess.

Imagine a situation were all world main players and the regional powers, under the UN auspices agree, in all honesty, to stop the madness in Afghanistan. Pakistan deploys troop to seal the border, Iran, and rest send in a significant force. With all the world's major forces in Afghanistan, political dialogue is called, I mean genuine dialogue. Not the usual American threat -to-Bombing meeting.

Russia held an 11-state meeting on Afghanistan. Americans were invited but they refused to attend the meeting; dismissing the gathering as a fruitless Russian propaganda. Doesn't it show these yanks do not want peace in that country. They only intent on spreading "managed chaos " theory round the world. As long as the afghans keep bleeding, Americans will have a reason to maintain presence there.

Look at Yemen, look at Syria. This "managed chaos" policy is really reeking havoc in Middle East and Central Asia. Keep them fighting... Bleed them

ipobarecriminals:
backwards people. Why oyinbo nor go call us monkey? Person we suffering don bend finish, u call her a winch. See those one snapping her unclad pic.Wish she be real winch,I pray she visit una there one by one

I weep for the country!!

fabuloz1:
Young man, you can't think straight. So, it takes hours for a bird to transform to human being abi? I guess you've not seen strange things happening in this world. You sit at the comfort of your house typing rubbish. If i tell you what i have seen live, you'd also say they are tales. Man, you need to explore places and see things for yourself.

It takes 9 MONTHS for a zygote to turn into a baby... 9 effing months!!

You believe a bird turn to human in microseconds. Jeez!!

otijah2:
Nigerians and stupidity is non separable. That woman may be mentally unstable and here we have people tagging her witch instead of taking her to the hospital SMH
I need to see the video of the woman as a bird and when she transformed into a human

Sometimes I wonder how a sane person would believe bird can turn into a human.

This is no rocket science... ITS JUST IMPOSSIBLE.

Firefire:
You guys got the bolded wrong, Buhary cannot single handedly fight corruption without assembling less corrupt people as party member.

Corruption in Nigeria is systemic and endemic. Calling GEJ's name in all corrupt cases of the last administration is nothing but PERFECT HATRED.

Unless we all speak one language against corrupt politicians, nothing, I mean nothing will ever happen to abate corruption in Nigeria.

If you blacklist PDP as a party and its politicians, they jump gun to APC, has that make them less corrupt? NO!

Death and severe disease to all looters of our common wealth irrespective of their political affiliation.

Firefire

It does appear these thieving politicians are no longer scared of Buhari's rule and the threat of jail. Compare now to the first five months of Buhari's rule, every of these goon-thieves were scared. They all doubled down fearing a crackdown from Buhari. But after two years of nothing.. They are all now taking a breather and back to their old ways.

Look at the issue of imported bullet-proof Benz. You mean the police and custom could not investigate and find out who the car belonged to, and who imported it without paying duty? Why the circus at senate hearing? Those thieves can afford to play the circus because they know we(the poor masses) and Buhari have no cajone to fight them any more. They ain't afraid.

sean1000x:
Useless country..monitoring and harassing Igbo Business men!

Why make this an ethnic issue?

omenkaLives:
Why do our leaders hate us so much in this country ?

What wrong did Nigerians do to deserve these bandits presiding over their affairs and collective destiny?

Sometimes I feel so depressed knowing the most it seems we can do is vent on social media, and even at that, one's security and freedom isn't guaranteed!

Just the other day, someone was thrown behind bars for criticising a governor, and in another instance, a mother was demoted in her place of work for drawing the attention of the government to their deplorable working conditions.

What do these guys want? Why is it so difficult doing good when you swore took good?

I just tire.

I feel your pain, mate. But what really hurts me the more are those young lads that support these thieving politicians.

The whole issues raise a lot of question. And at this point I beginning to hate democracy. It's obvious those ruling are thieves..yet they have support and get voted. Why?

I supported Buhari, hoping he'd put an end to this massive looting of the economy, even jail some of the thieves. It seems Buhari has lost the fervor to fight corruption or old age has caged him. Osinbajo doesn't appear to want to rock the boat despite his "born again" background.

Oh lord, when will "our kingdom" come in this country? Who will save us ?

The forces/corrupt institutions we are dealing with in this country are massive...not only the politicians, police is corrupt, customs, SON, NAFDAC, Banks, FRSC, Local Govt secretariat, court... Just about every institution is corrupt.

Look at this case:

Why should state payments go through governors forum?

Why should governors forum have a bank account?

What's the need for consultants?

Why cant CBN pay each state directly?

mario383:
What an evil society. The Nigerians custom usually issue out fake custom documents at the same time turning round to impound vehicle without and those with fake papers. He nor go better una.

I think you should watch the video of the truck driver. I know that guy is saying the truth. I have had dealings with FOU ikeja, and I know from what that guy said that vehicle belongs someone high in the political chain

989900:
It is inevitable if you're studiously studying the dynamics and parameters.

It will capsize dramatically once it converges with/near IMTOs rates.

Speculators . . .

EDIT: it is N390@Dopemu right now.

Hi 989900. Just a few questions for you and the house;

Excluding CBN's weekly intervention, Is there any other reason why the Naira is strengthening?

Do you think it will fall to the PTA / Bank rate -375?

2dugged:
I see things like this and I wonder when we will get rid of the baggage of religious sentiments, political affiliation sentiments, tribal differences, nepotism and bureaucracy and begin to focus on improving our country,I am afraid it might not happen in my time

Bro, it's sad. Many folks here don't think that way. They are hard wired to whine and whine about everything. Could you imagine that many amongst our youngsters still support these "dinosaurs" managing the country? A country were people still believe there are witches and they fly.. A strong belief in juju but yet none have found a permanent cure for malaria.

zionmade2:
D same company dat constructed other roads in aba dat is still standing today has constructed dat road. Dat road has been constructed more dan 3 times since i knew it. It doesn't even last for 2 months.
I have been there bro. I know exactly wat am saying. Visit those vicinities where most thieves were burn, d roads get damaged almost immediately they are constructed.
Ulasi, dikenafai, danfodio all comes to my mind

Thieves were also burnt on Azikiwe, ehi, umungasi and many other roads. There isn't any correlation between jungle justice meted out on these roads and the poor state of the roads. We should not be spreading ignorance. From the photo, it's obvious the drainage system on this road is blocked and sand-filled. Water pool on any road damages the road... This is a no brainer.

PBundles:
Good morning my brother, stay blessed.

Now to your questions.

They dont have a choice at this moment they MUST abide by the contract. If they dont that would send SHOCK waves to the international system, since word will get out that a whole CBN cant abide by their contracts. So for all outstanding forwards, they must but[b]for all new forwards simply price them at the black/parallel market rate. Hence sending a clear message.[/b]Then I would float. Believe me ppl are making a killing with these forwards if you have the right connection. Also note that the foward rate is linked to bank interest rates so they cant keep this up.

On the free float, we have a saying in investment banking, when being shaved sit still. Look we are were we are for a reason. Mismanagement etc, you know the story. I would free float but..........and here it come............tax heavily I mean exorbitantly all goods that I feel we have industries in Nigeria. I would call it the home grown tax. If we can make it and you import it get read to pay 200-500% tax. Guess what, these goods will decrease. Then I would appoint a committee to oversee that the goods we make can be at least 90% level of those imported, if not I will also tax you, that way keeping the quality levels high since this is the biggest fear with buying made in Nigeria over imported.

On quest 2, I would let the market sort itself out. How does a market work, Eco 101, at constant demand if supply increases prices fall, if supply goes down they go up, at a pointy we will find equalibrium and we should live with it. At least it will be constant.

There is this fallacy that international companies want a strong or weak Naira, NO..they want a STABLE Naira.

Hope I have answered your questions.

Thanks for the reply. I think in all of these we must put in the "naija factor" in every economic policy. From my laymen point of view, Nigeria tend to defy textbook economics. A typical example is this: gov't decides to let the naira fall to it's natural value. ..say 800/$. The southern traders spin it to mean Buhari is secretly trying to enrich his northern brothers by robbing the southern traders. Those at the creeks dynamite a few pipelines. Oil sales volume drops.. Fewer earnings for our reserve. Then it really gets messy. Opposition party sees an opening, steps in to support those agitating by calling the whole mess - tribalism by the northern cabal.

Honestly I really can't think through the mess. It's a Naija thing...call it Naija factor. Simple issues tend to be spun into a complex web of half-lies and half-truth. I see it everyday in the newspapers. Another example is the T. B. Joshua church building collapse a couple of years back... Something as simple as faulty structure that caused the collapse was spun in a way you'd think UFO (Aliens) nuked the building
Pardon me for trying so hard to explain this naija factor.

Also I think many SMEs determine the price of their goods based on the forex rate on the street -aboki rate.

PBundles:
Sorry but this doesnt translate to good news to me. This simply shows that the CBN may be in more dire straights and the reason why the are stating this is because news must have gotten out that they wouldnt be able to meet their forward contract obligations. In short a forward is a contract in which parties agree to deliver a certain amount at a certain date. As these are $ forwards, the customer (could be banks,or those authrised to trade with the CBN) has a contract to deliver other currencies ( Im assuming Naira) to the CBN and will get in this case $. They can also choose at the delivery date to pay/receive the difference, depends on the wording of the contract.

Seems they dont have enough $ to meet this and since they are obligated they mahe decided to intervene. I wonder how long they will and can continue to intervene. The Swiss tried for years against the Euro, they ultimately failed.

This is a short term (as most things are in Nigeria, God forbid we try anything long term) plan as usualm and then keeping our fingers crossed hoping it will solve it self.

Let the Naira free float and save yourself the headache, the market is already telling you the worth of the naira, no need trying to keep up the facade which will only cost you $ you urgently need yourself. Its like a unattractive woman applying tons of make up to get a man, wont he see your true face one day, and then what.

Well just my two cents and +20 years in international banking...........

Morning bro. I have a question about this topic, and your concerns for CBN's weekly intervention.

(1)If CBN don't intervene and allow a free float, won't the naira exchange rate get unhinged and just shoot for 1000 or less per dollar?

That would mean "massive" inflation because we are an import dependent nation.

(2) without CBN's dollar supply, can the BDCs and banks source enough dollars to meet traders, travelers and politicians demand?

-I'm not sure they can because our banks are just piggybacking on gov't.

CC Truth234

progress69:
Mtcheeeew!

God forbid i waste my time on u


U don't know anything.

Like i said...u are a Biafra daughter!

I think Ngozi123 raised a lot of valid points. Why is the country in a hopeless state despite over 40years oil earnings?

JSmart4u:
I wish i knew you here. I'd personally pay for a ticket,so you can flex Nigeria and clear that notion that Nigeria is a dump.I'll always defend my country,and not be like some foolish nigerians who forgot where they came from.

It's not about defending "our" country. Of course we love naija. But the truth is Lagos is not comparable to jo'burg by an stretch.

OBAGADAFFI:
The FISA (Foreign Intelligence Surveillance Act) can get a warrant from a U.S. Judge . To wiretap Trump.

Did he get a warrant to wire tap?
Is it legal/fair to wiretap a presidential aspirant?

SalamRushdie:
Why don't you tell us what is dumb about what he said ?

Did Obama tap his phone ? Yes

Was it wrong ? Yes

Hope you can see you are the one being dumb here

Thank you so much for giving it to that dude. He left the message and attacked the messenger.

lonelydora:
Op, I have been having same issues with my car. Car temperature rises whenever on the highway with a/c on, but doesn't overheat.

Series of good diagnosis pointed to a blocked/faulty condenser which I haven't changed shaa.

Did "changing condenser" solve your temperature issues?

hedgesfun:
The saddest part of this story is that it takes a foreigner to solve such a little problem, and we will continue to say they re dominating our country. How will they not when we are just loads on incompetent people.

True that. You see it everywhere, half-baked technicians

Maleeq:
Damn it!

The 737 is also automatically linked to ALL your accounts. I have a savings account not connected to my ATM card, Once i tried to transfer funds greater than what I had in my checking account, it just went straight into my savings account and zapped it out!

I sent them a mail telling them should i ever suffer any exposure, by this mail, they are 500% liable. Within the hour, they disabled SMS/737 banking on my profile and called me!

Wow.. Lucky you. You acted fast. 737 links your registered phone to your account. For me I canceled my ATM card that way there is no PIN ( last four digits of ATM card) to authorize money transfer on my phone

chimexdnice:
Happy for you @ op. I wanna ask, reading thru this thread it has just been GTbank and etisalat, what are the chances that something like this can happen with another bank and another network provider?

I think it's quite possible for this same vulnerability to be found in any bank that allows funds transfer via the USSD platform; More especially using last four digits of ATM card as PIN.

Any Mitsubishi service center in Lagos?

sinkhole:
I am actually thinking if we can open a thread here on Nairaland where people who have had issues with *737# will narrate their issues and such could then be compiled and forwarded to GTBank to lobby them to review the security aspect of the *737# platform (my only problem is the Nairaland moderator and @seun that will refuse to move same to frontpage)!
The *737# platform is a very good and easy platform but the security of the platform is very weak, I do not know why PIN, instead of the current last-four-digit system could not be used. For instance, anybody wishing to use the *737# platform could be asked to do a one-time setting of the PIN on the GTBank website OR the PIN could be set from your phone!
I think their twitter and facebook page will have to be notified

You know there is problem we have in this country, when customers complain about something, these officials or ogas see it as disrespect or hatred. But complaints could serve as a feedback.

In preceding posts I attached a photo of POS receipt showing the last four numbers used by GTB as PIN. I sent them a copy of this receipt on their Twitter account, they didn't reply. For me, it was just an effort to show them the folly of using this sorta PIN that many people could access.

The biggest problem of USSD is the lack of data encryption through the network providers. Even if we use our own PIN, those lads at the telecom could access the data and see the PIN because no encryption. I think the best should be a token device to generate a one time PIN. What do you think?

Hi autojosh , where can one get replacement tyre pressure sensors for Mitsubishi Outlander ?

sinkhole:
This is a great news. @postemail, note that many nairalanders actually worked at the background on this issue and all thanks must be given to God and Nairaland together with twitter and facebook.
This issue should not stop here because the platform is still vulnerable and people will still be defrauded.
Why can't GTBank use a pin for veryfication of tansaction instead of the last four digits of ATM card?

Thanks sinkhole . Many folks helped indeed. Now I know the essence of such online community like Nairaland. When people come together and share ideas, they really can move mountain.

rydow:
Congratulations @postemail

@ the bold, Your money is your sweat bro, my contributions are just due to similar experience. and the approach to getting it solved. My compensation is the fact that you got your funds back and happy with your families.

Enjoy your DOMINO with FAMZ bro.......

SAFE!

Thanks rydow. I will send you an email.

Osyxcel:
Wow, Finally! Congrats! This wouldn't have been possible without the pressure mounted on them.

Congrats once again... A sweet New Year it's gonna be...

Thanks bro. Are you in Lagos? Never mind I will email you.

Helloooo fellas!!

We have a reversal! 260,215 reversed back to my account by GTB. Thank God!

Many thanks to mojeks for his "special support." You were indeed very helpful.

Many thanks to dipoolowoo. Thank you so much for taking up my case in the media.

Many thanks to Mr. T @ bunmiano . Your phone call and promise of legal assistance was very comforting. Thanks.

Many thanks to byteem . You schooled me on USSD.

More thanks to rydow , Osyxcel and YOUNGELDER1 .

Please let me know if y'all are in Lagos. I will place orders for Domino pizza for you guys on Sunday, and will pay for the delivery to your location of choice.

MANY THANKS, GUYS

sinkhole:
Hi @postemail what is the situation of things now?

Well, no major update; just a decline note from Consumer protection council to intervene in the case. According CPC, fraud falls outside their mandate.

Anyway, I'm glad they reviewed my petition and showed courtesy in their reply.