with your shallow mindset, your always overate your opinion and thereby ignorantly advertising your ignorance
6.6 million Nigerians can not be "money launderers" thats so ridiculous
wait till you see the ripple effect of this
U don't make any sense here. Majority of the 6.6 m are the teething problem. It will definitely expose launderers just as rightly mentioned. Don't panic if u are not a launderer. Go to ur bank and it wll be liked up for u; that is if urs has problem. There wnt be any ripple effect. Better still, it will be positive.
Editor1: Buhari is just a disgrace... In sane countries, a dullard of this calibre would be in Elderly homes, fed by NGOs. But here we have someone who would insult out sensibilities...making unfound promises dat is never feasible. And still. deny the rest. OK. which one have u been able to deliver? Answer==None!! Big shame!
Truly, when a dullard rules, the people regret!
Correct but when ur youthful insane ae resort to unbriddled looting of common wealthan, the sane people resort to vote sane old man who gives hope of rebuilding the nation.
Disastrous dpd is most patronied by us southerners.
Buhari has achieved in 5 months what GEJ could achieve in 6 years!! Wailers find something else to wail upon
In addition, forigners(indians, chinese, lebanese etc that have taken over our jobs and their 'armed robber' salary in Dolaars is now paid in naira as a starting point. Pple always criticize base hate and not reality.
Lanceslot: He who fetched insect infested firewood is inviting lizards for a meal... No leniency for them, they should pay the heavy fine which will serve as a lesson to other foreign companies (Indian/Lebanon/China) who think they can do anyhow in Nigeria.
My guy u get it right. These guys are killing the economy and enslaving nigerians and we are just helpless in this second colonialism and exploitation. To me, the sanction is necessary to serve as deterrent.
gregg2: What a wicked government. All in attempt to strangulate the current govt. This Buhari government is the worst mistake Nigeria ever made
I never made any mistake. I'm proud I voted buhari. Assume u were an MD of a bank and a governor going for election such as we have come for lone. Tell me if u will gladlly grant it. Buhari and cbn are not fools. Give wada the money now and he will not regret loosing the election. The rest will be efcc cct etc
babasanti: I love this . I'm proudly 5% . The PDP is sleeping, apc is strategizing while pdp is just watching acting as if there was a prophecy that all this will happen but are the end pdp will still smile and apc cry. Apc are acting like Michael coreleone in the movie Godfather when he tried to kill hyman roth 'I need to wiPe out everybody. Apc wanna wipe out every thing pdp, they don't care even if its illegal. And the pdp is just watching, the so called war lord and millitants are watching waiting for apc and buhari to blin there one eye before the retaliate. The pdp,youth and militants in the nigeria need to use amaechi as a scape goat and send apc and buhari a very strong message so all this intimidation, anti dictatorship will STOP. Jonathan as the leader of pdp need to stand up and take responsibility. If he can't do that he should denounce the pdp publicly let wike,fayose,Dickson and co know they are on their own. Rather than unify the country, buhari is dividing the country more and he feels they will never be consequences. The north, south west, amaechi and apc should keep cheering having fun but when the table will turn against them, there will be a huge party in the south- south and south east even if its the death of an individual. we the 5% will celebrate that death . Pdp GRIP uP! Take the game to apc door step. Whether the north had bought amoury and weapons to fight before the elections if Gej has won, is not an excuse to chicken out and lie low. If nigeria will divide , it will divide. I urge the religious people of the south east, south south to come 2geda too and cry GOD. This philistines(apc) you see today soon you shall see them no mOre. We will not be intimidated. This is not 1998, this is 2015.
Bringing religion into it. Typical of pdp. Perharps u are not abreast of the happenings in rivers state so, u speak rubbish from diaspora.
M4gunners: Everything is going APC way is this good for our democracy? Please just ask yourself this question, then you will rethink before shouting change.
Yes it is good because majority votes went APC way. People voted massively for APC all over... So bross pack well When APC disatisfy people, it will be different.
gonaeme: Some ppl comments without knowing the reason traders are travelling with cash.one of the policies Buhari introduced was to stop banks from accept dollars while his intention was to fight money laundering through banks,the same policy is affecting the importation,smthing has to be done,importers has to be given preference if not the policy will have a toll on the economy very soon.
Ignoramous, The policy does not prevent genuine trading in anyway. If you are an importer u can simpy fill in your form M And do your transaction. Movement of funds in and out of a country is controlled anywhere in the world. Its a right thing to do bro
Firefire: I don't follow anybody, I am representing the common man on the street.
I will not hesitate to attack my hero GEJ if I found any reason to do that, like I did severally while he was the president.
Only APC blind followers never sees anything wrong in their clueless demi-god's actions.
Let all looters of our common wealth return them ASAP.
No Sacred Cow. APC=>PDP=>APGA=>LP=> Political looters
I can hear you speak from both sides of your mouth. In the words of your paymaster "stealing is not corruption" besides, how wld he jail people that stole money that cannot buy a peugeout car? Now, tell me why you wld be the one to call for Alison's head.
youngeagle: APC supporter's are the most pathetic party follower I hve seen in dis country so far,they will jump out 2 defend even the most silliest excuse this presnt government will give...I cry for ma con3
Nigeria has not got the best govt yet. It is far better than what we used to have anyway.
Its not bad if you keep crying while we witnessed improvement in governance.
favourlove1: when I tell peopl that it was saraki who gave Apc its victory they think say I no knw what am saying. Pdp started having problems d moment saraki pulled out of it. Apc should watch out.
Hmmm See yourself! Saraki is bigger than all those govs in the sinking pdp abi? Babaginda aliyu and orthers that went back to pdp what is their faith? Same thing wld had happen to saraki if he had sticked to pdp
psucc: We the youths are the ones selling off our future. When it was obvious that we elect someone with contemporary ideas or better still settled for a much younger one, we decided to go following with our great grand father.
Whatever it may become of this country, we all will bear.
Give kudos to us that ensured GMB is bought to power. We thoght of youth thing and voted GEJ in faith and he virtually legalized corruption. Nothing good was going to come out of his presidency again. We are wise. Sai baba
At least I'm feeling vindicated, when we warned people that buhari is a jihadist they didn't listen.
Please buhari bring it on!
Nothing proves u right here. I'm not a northerner, I voted him and he is competent even though lopsided appointment is not good, it is still better than balanced appointed that is only good at looting.
NaijaHamlet: Concerned Nigeria: A.J. Victor Abuja, Nigeria
HIS EXECELLENCY, PRESIDENT MUHAMADU BUHARI, PRESIDENT FEDERAL REPUBLIC OF NIGERIA AND COMMADER-IN-CHIEF OF THE ARMED FORCES FEDERAL REBUBLIC OF NIGERIA.
Your Excellency Sir,
GRADUATE UNEMPLOYMENT SOLUTION: AN OPEN LETTER TO PRESIDENT MUHAMADU BUHARI - PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA
Mr. President Sir, since May, 29th 1999, Activist, Analyst, Pundits, Journalists, Stakeholders and Citizens have always complained about the problems that has plagued Nigeria: Insecurity, unemployment, lack of power, lack of portable water, bad roads etc.
Solutions to these problems are rarely proffered, even if they were; foreigners are brought in to design the framework to these problems which immediately collapse before or after the initiation stage; the reasons for the failures are not far fetched: Nigeria’s problems are not solely solve by “textbooks” laws, postulations or hypothesis but by the sufficient inputs of its citizens who have genuinely bore the brunt of the problem and have been hurt the most.
For 16 years (Post Democracy Era), these problems still exist and the vicious cycle of complaints still continues.
I am a Graduate, an Economist, an Entrepreneur, and a Youth. I have refused to be in the same school of thought of complainants, but have taken it upon myself to be a problem solver in the area that concerns me the most – UNEMPLOYMENT.
Mr. President, No Government in the world has ever solved the problem of Unemployment 100%, but what defines a successful Government is its ability to manage that part of the unemployed population.
Nigeria at the moment is experiencing perilous time as regards revenue. The country’s gross Income has continued to dwindle, to set aside funds to pay the unemployed population is not an Item that should be brought to the table; as some of the employed are being owed backlog of salaries.
Mr. President, we the Unemployed Graduates in Nigeria are not asking for salaries to be paid to us monthly, without doing anything. All we are asking is Government Insurance Packages that will cater for our basic needs between the time we complete our NYSC to the time we secure a Job.
Mr. President Sir, with my background in Economics and Entrepreneurship I have developed a Framework (ENGAGE 360⁰) that has identified 5 major needs of graduates from the completion of NYSC till when he/she secures a job.
ENGAGE 360⁰ is a Framework that will not cost the Nigerian Government money to execute but will rather solve the dependency of unemployed graduates on the Economy.
ENGAGE 360⁰ is a Biometric Solution which identifies, provides and distributes Government Welfare Insurance packages to Unemployed Graduates, through Companies, institutions, organizations and businesses leveraging on the “TRADE by BARTER” System.
Mr. President below are the 5 major challenges youths are faced with on daily basis when unemployed and “job hunting”; juxtaposed are Institutions that can provide the desirable succor - HEALTH : Hospitals - FOOD: Fast Food, Restaurants, Food Courts - TRANSPORTATION : Inter City Buses, Train, Airlines - ACCOMMODATION ( IN LOCATION OF JOB HUNTS): Hotels , Guest Houses - COMMUNICATION( DATA ,MAILS,CALLS) : Telecoms, Courier Companies
Mr. President Sir, Just as the Nigerian unemployed graduate have desires to be met, so also do all the institutions that ENGAGE 360⁰ have identified as conduits of these Welfare packages.
The 3 major and synonymous indices that are plaguing these institutions are: - Taxes - Power ( Diesel/Petrol) - High Cost of Raw Materials/ Spare parts
ENGAGE 360⁰ Framework has an inbuilt automated matrix system that captures all providers of these welfare packages, how many Unemployed graduate used their services, rate at which Government will compensate them, commensurate to cost of service rendered. Reimbursements will come from Government in forms of: - Tax Holidays or Tax rebate - Subsidy on diesel and petrol - Import Waivers on raw material and spare parts.
The Concept of “Trade by Barter”: At no point will Government / Unemployed graduate exchange cash for service rendered by these Providers. This completely rules out the injection of cash into the system, which multiply effect will lead to inflation and cause unforeseen irreparable damages that won’t be desired both in the short and long run.
Mr. President Sir, ENGAGE 360⁰ Framework is available to the Nigeria Government at no price. This is my humble contribution to Nigeria.
You fail to mention that Foreigners even unqualified foreigners from india especially have taken over all Nigerian jobs and enterprises. Indians without qualifications are managers and fill rank and file positions. They are using their positions to influence bizs to other indian firms, crippling NIgerian firms. This has to be looked into ASAP.
phayvoursky: SOMEONE SHOULD REMIND PMB THAT THIS IS A CIVILIAN GOVERNMENT.
GET ADVISERS PLS
Show us the results of multiple advisers to your Lord, (my former mentor) GEJ. Latest is that he was not aware of all these stealing by his cabinet members.
Agimor: Some niggas ranting garbage just to discourage people for applying. ironically,they will be the first to submit their cv.rubbish!
Its good to get a job with dangote if u are not doing anything but I assure u, complains start as soon as u get into dangote. I pray refinery be different. Don't be discouraged.
I hope Dangote refinery will not oppress, exploit, under pay and enslave Nigerians to Indians as in his other business especially bcoz of union in oil sector. Hmmm
barcanista: This will cause more harm to the naira. Anyway, this is an overflogged issue. Time will tell
I don't know wht bacanister studied in schl but whatever, he seems to be too negatve in his observations. No economic policy is without (opportunity) cost. We must appreciate the effects of dollarised Nigeria economy to naira. Its not done any where. My company employs over 5000 foreigners and they are hitherto, paid in dollars direct to their home country accounts but due to this policy, they will now be paid in naira in nigeria (reduced pressure on forex) the employers may be compelled to substitute nigerians for these foreigner substantially. Tangible imports is usually thru form m which has not changed. Let's be positive and pray for success of genuine efforts to rescue our country and our damaged economy.
barcanista: The function of DSS as defined by Section 2, sub-section 3 of the National Security Agencies Act, Cap. 74, 2004, is limited to crimes, actions that bothers on the internal security of the country such ie counter terrorism and counter insurgents (eg Boko Haram). Naturally, one expects the DSS under this administration to be more focussed on intelligence gathering, assist the military to end BH, apprehend masterminds of bombings, and fish out sect sponsors. Sadly, the DSS seem to be interested in playing the roles of other agencies(listed below) while neglecting theirs.
1. Playing The EFCC Role: The EFCC was created to pursue, investigate and prosecute Economic and Financial crimes. However, the press conference by DSS after the search on Dasuki Sambo's house showed that the DSS is so much interested in EFCC's role.
2. Playing The Role of The Army HQ. It is the duty of the Army to determine who deserves army guards as well as when to withdraw the army guards. However, the DSS seem to be crying more than the bereaved.
3. Playing The Role of Department of Petroleum Resources: The DPR is statutorily mandated to monitor marketers to ensure that they don't take advantage of consumers of PMS and other products. But a Vanguard report suggest that DSS is the new sheriff in town.
4. Playing The Role of Election Tribunal/Court: When it comes to election matters, the tribunals/courts determines who wins and who loses, who rigged and who didn't, and who commits so-so offence. But the DSS is clearly interested in the job.
The Akwa Ibom REC was reported to have spent 13 days under the torture of DSS. It was also reported that the DSS invited and detained the INEC REC of Rivers state.
5. Playing The Role of The Police: The Police is primarily mandated to ensure that there is no breakdown of law and order within Nigeria. However, the DSS is shown interest in their(Police) role when they(DSS) went to PDP National Secretarial in Abuja yesterday.
It is important to note that the DSS is yet to parade ANY Boko Haram suspect nor announce any grounding breaking operation with respect to the war against insurgents since May 29, 2015. We hope that the DSS will revert to their mandate and allow others do theirs especially at this time when their expertise is needed the most in the fight against terrorism.
May God Bless Us All
I pray that don't die thinking of the next thing to write about PMB. You better get yourself busy in something meaningful for your life than this continuous vituperation. Why can't you see something good in another camp for once? Abi u bi dizeni pikin?
barcanista: The function of DSS as defined by Section 2, sub-section 3 of the National Security Agencies Act, Cap. 74, 2004, is limited to crimes, actions that bothers on the internal security of the country such ie counter terrorism and counter insurgents (eg Boko Haram). Naturally, one expects the DSS under this administration to be more focussed on intelligence gathering, assist the military to end BH, apprehend masterminds of bombings, and fish out sect sponsors. Sadly, the DSS seem to be interested in playing the roles of other agencies(listed below) while neglecting theirs.
1. Playing The EFCC Role: The EFCC was created to pursue, investigate and prosecute Economic and Financial crimes. However, the press conference by DSS after the search on Dasuki Sambo's house showed that the DSS is so much interested in EFCC's role.
2. Playing The Role of The Army HQ. It is the duty of the Army to determine who deserves army guards as well as when to withdraw the army guards. However, the DSS seem to be crying more than the bereaved.
3. Playing The Role of Department of Petroleum Resources: The DPR is statutorily mandated to monitor marketers to ensure that they don't take advantage of consumers of PMS and other products. But a Vanguard report suggest that DSS is the new sheriff in town.
4. Playing The Role of Election Tribunal/Court: When it comes to election matters, the tribunals/courts determines who wins and who loses, who rigged and who didn't, and who commits so-so offence. But the DSS is clearly interested in the job.
The Akwa Ibom REC was reported to have spent 13 days under the torture of DSS. It was also reported that the DSS invited and detained the INEC REC of Rivers state.
5. Playing The Role of The Police: The Police is primarily mandated to ensure that there is no breakdown of law and order within Nigeria. However, the DSS is shown interest in their(Police) role when they(DSS) went to PDP National Secretarial in Abuja yesterday.
It is important to note that the DSS is yet to parade ANY Boko Haram suspect nor announce any grounding breaking operation with respect to the war against insurgents since May 29, 2015. We hope that the DSS will revert to their mandate and allow others do theirs especially at this time when their expertise is needed the most in the fight against terrorism.
May God Bless Us All
I pray that don't die thinking of the next thing to write about PMB. You better get yourself busy in something meaningful for your life than this continuous vituperation. Why can't you see something in another camp for once? Abi u bi dizeni pikin?
helpee: @ barcanista, thanks for the analysis. kindly disregard those that have nothing to contribute except shouting wailing wailers. But i disagree with you. naira actually depreciated against the dollar because of excessive speculation. As you know, due to the ban on 41 products importers from accessing forex at the official rate, they had to source it from the parallel market. The excessive demand for forex by these importers from the black market at first created a scarcity that pushed the dollar up temporarily. speculators then cashed on that and started hoarding dollars thinking the dollar will keep rising against the naira especially since the new govt has no concrete plan in place. i was almost caught up too. i was advised to change most of my daily sales to dollars and then deposit in my DOM account in speculation of a further weakening of the naira. therefore, the banks were flooded by speculators with dollar deposits and many of them under the disguise of importation are laundering the money abroad via transfer. so, by refusing to accept the dollars, the CBN is playing a very smart move aagainst speculators. many people are therefore caught with dollars which they cant transfer or even deposit except to convert it to naira. therefore, the economy is flooded with dollars and demand is less than supply so the dollar must come down. IS IT SUSTAINABLE/ Yes but we will temporarily suffer in sacrifice for a prosperous naira. importers will be temporarily caught unaware. the CBN will only create a bereaucratic bottleneck that will make it difficult for anybody except importers to access forex. BVN is one of the them. money launderers that used to access forex and transfer via DOM account will be cut off by the bottleneck. speculators will not find it attractive to hoard dollars because unless they ggenuinely need the dollars, they wont be able to get value for it since they cant spend it locally, cant transfer and cant even deposit. what do you need a useless dollar for? it is not easy to open domicilliary account in neigbouring countries like you suggested unless you are a citizen or permanent/legal resident so few will be able to divert import activities to the neigbouring countries. therefore, even without increasing local production of imported stuffs, the naira will still stabilise against the dollar at a favourable position cos the most damage done to the naira usually comes from speculators. once we only access just the dollar we need for importation, school fees and other legal business abroad, we will stop speculating with the naira . Even if things are temporarily expensive, we youths should take up the challenge and start producing. you can start with toothpick for example cos it is part of the products banned from accessing forex officially. the bottomline is that if it will be sustainable we must support the CBN in this quest. this is the first policy of this govt/CBN that i support.
Thanks bro. Bacanista or vucanizar is just blinded ana pained by pdp failure at the polls. He does not even know that it is a criminal offence to transact in currecies other than dollar in USA or other than pounds sterling in the UK. This a currency magt policy that has worked for them. Our employers have started planning to pay foreign staff in naira. This will reduce pressure. We should rather be encouraged to produce locally and help our economy. Windows for forex to genuine businesses especially those importing spares and machinery is wide open by CBN
barcanista: The question is why are Sai Buharists keen on re-writing history when Buhari has conceded credit to Jonathan (he had no choice though)
"I cannot take credit for the revival of the refineries because I have no input to it, if I say I had a hand in it, it will be a lie and I cannot tell lies." (President Muhammadu Buhari)
Politics › Re: No More Automatic Tickets For Governors, Senators, Reps – PDP by uridadole: 11:55pm On Nov 04, 2015
