₦airaland Forum

ikechu1278:
You're A looser for the following

1. Spamming every anioma thread with your dimwitted rubbish and trying to force it down.

2. When confronted, just like a chameleon, you try to attaché by force to ibusa

3. You're a coward.

Those are the characteristics that make you a looser snake.

I await whatever new ID you'll create just to continue your rubbish and your obvious obession with anioma.

ikechu1278:
You are so pathetic. Attaché by force monkey. You've went from proudly hausa, proudly Katsina to ibusa just to belong. Very very VERY PATHETIC AND COWARDLY. Loser

ikechu1278:
Where is that guy that tried to tell me story, Oya see one proof here for you.

Y modulus is neither SE, SS or even Anioma but yet the illiterate is constantly going NL trying to tell us who the heck we are. Spamming every anioma thread with this rubbish he wrote. If i start insulting am now, they tell me my heart is wicked but una see am.

No y modulus, anioma is not igbo, we are Aboki like you. Are you happy now? Waka commot

[size=13pt]The Language Deception; The Biafran Struggle - The Games of Numbers, Pity, Size, Emotions and Lies. [/size]


Delta Igbo's - Ukwani , Asaba , IBusa , Ugwashi Ukwu , Agbor are not Igbos. Please Igbos stop the misinformation.


6 July 1967 , 14:05 first gun shot was fired, the sound produced to many might be interpreted in different coins, but reality check is it has only one coin. The shot signified the start of a civil war by a supposed Rebelist grouo as they are called, whose motive or agenda is their suppose "freedom and sovereignty ". While the war has come and gone, the happenings of the event has left a sad mark of regrets, bitterness, hatred, Lessons has been learnt, stories have been told, though these stories all have added ingredients to various levels. But truth still has it, the Rebels started the war and the gallant great soldiers of the Federal republic of Nigeria ended the war.

History are of no doubt much relevance as they have a big way of impacting our tomorrow decisions. Prior to the Biafran War, there was no disparity or Igbocism known as " Delta Igbos or River igbos" until the war started, and even while the war has come and gone. Prior to the war, Delta Igbos or River igbos are known as Bendel. However in a bid to brainwash the innocent Nigerians into fighting a war they Igbos brought the term known as Delta -Igbo

Today, there is a recent wake in the struggle of so-called Biafra and in this sensitisations by biafran freedom fighters (so the call themselves), there have been a deliberate misinformation and deception that the Delta - River Igbos are Igbos and as such, should fight for the actualization of Biafra. This deception has been so-reciprocated that the geneology of the Deltans and River Igbos have been changed by the Easterners. It is against this backdrop that this article was written.

Aim of Article is to sensitize Delta - River Igbos, that they are not Igbos and should never accept when to be called one or accept to be used as a tool by rebels to achieve / further their aims and agendas.

An Act of impunity irony, it is that the same people who are fighting for injustice melted on them in non actualization of Biafra, are deliberately and consciously trying to force others who they don't recognize as their own to join their struggle. Series of actions have been seen, which shows that the delta and river igbos are not igbos, however a few is listed below. Note the list is limited but not exhaustive.


1. The Rejection

The people of Anioma has been rejected today as igbo, they are even considered by the as “fake Igbos” who cannot speak Igbo properly, and this rejection has continued till date. Some other rejection events can been seen below
In 2007 prelude to the elections. Prof. Pat Utomi (from Ibusa – Delta State), wife solicited the support of the OHANEZE GROUP for her husband presidential ambition. Chief Orji Uzor Kalu also went to solicit for his too. Sadly, he (Pat Utomi) was rejected by the OHANEZE ELDERS. Some reports from Nigerian dailies hankered abject adroitly: “Is he really a proper Igbo man? Look at him; he cannot even speak Igbo properly.” Others even insinuated that his name did not sound Igbo. I was shocked to the bone marrow. I couldn’t believe what I was reading from prominent Igbo citizens. Instead of asking the two candidates to present their programmes and manifestoes, they were busy hankering on whether one of them is a “proper Igbo” or not. I was shocked of words. If any Igbo person does not know the meaning of Utomi, then that person should take a suicidal dive into the river Niger.” Interestingly, Pat Utomi is a member of Ohaneze Ndiigbo.

The appointment of Sir Mike Okiro as the Inspector General of Police is another case of rejection by the igbos. South Eastern Igbos, rejected Sir Mike Okiro in exchange for Ogbonnaya Onovo. This they did on the premise that, Onovo was an Igbo man. Also citing, the presidency act as a deliberate one to marginalize the Igbos, preventing them, from occupying such a sensitive position.
What does this makes Mike Okiro? A tribeless person or an outcast?

2. SELF SELECTION
Power and success they say attracts friends, people. This is evident in the igbos way of life. The igbos only consider the Anioma people of Delta state as Igbos when such a person has achieved enviable marks or for their selfish interest in their suppose struggle for a Non-Existent Biafra.
The igbos are always quick to say that people like Jay Jay Okocha, Ngozi Okonjo Iweala, Sunday Oliseh, Kingsley Obodo, Jim Ovia, Tony Elumelu, Sebastian Adigwe, Francis Atuche, Nuel Ojei, Peter Okocha, Sunny Odogwu and a host of other super stars who all hail from Delta State, along with notable ones from Rivers State like Chioma Ajunwa, Comdedian Julius Agwu to mention a few, are igbos.
The Igbos acception of Paul Dike's ascension as Defence Chief was one case of self selection.

3. NO SYMPATHY.
In matters that require external support, South Easternerns are non sympathetic to the cause of the Delta State - Anioma or River State – Ikwere speaking Igbo zone. An epitome example was during the clamor to create Anioma State out of Delta State. Regardless of the benefits this will have for the Igbos (in times of election, 2-3rd rule of constitution), little seems to be done by the governors of the Igbo states or even the Ohanaeze in this regard. Infact the Ohaneze group in 2007 Openly said the creation of Anioma state will lead to more state for the South-South and claim it was a propaganda by the Yorubas to have more power.
The question is how? Do the Ohaneze read maps? Are Ohaneze elders educated? Why should someone say the creation of Anioma is propaganda by the Yorubas? Is this a statement accepting the fact that Deltans are Yorubas?

4. POLICTICAL AND GEOGRAPHICAL
Delta and River state igbos are not in the east. So should not be called eastern. Politically and geographically, they are not in the east. It is the same with Yorubas in Benin Republic. They do not look up to Western Nigeria in political matters.

You see the river Niger? It separates Deltans from the igbos. Its a natural demarcation of boundary. Easterners take Note. See picture Below:

https://thenationonlineng.net/new/wp-content/uploads/2013/01/delta.jpg



5. Ethnicity / Name / Linguistic

Aniocha, Ukwani, Asaba, Ibusa People are not igbos. They are ethnic group speaking a language that is linguistically similar to Igbo language. Something makes Umu- igbo sees themselves as always superior. Igbo, Delta igbos, Ukwuani, Ekpeye, Ogba & Ikwerre are familiar tribes. Let everyone respect each other instead of claiming the territories of one another. The greediest among these tribes is Igbo.

All over the world we have distinct tribes with similar language and no one claims that the other person is answering his name so he must be Igbo.

Spanish and Portuguese – they both answer names like Diego, Jose, Fernando but the Portuguese man doesn’t wake up to tell the Spanish man that you are answering my name and you are Portuguese. When a Portuguese man answers Rodriguez it’s a portugese name similarly when a Spanish man answers Rodriguez it becomes a Spanish name. NO ONE OWNS THE NAME.

Uhrobo and Isoko – They both answer names like Afoke, Oghene.
Bini, Esan, Etsako – They are also different languages. I don’t mean dialects
Eleme and Ogoni – Some similar names but again different language and no one claims the other.
Ukwuani ,Ikwerre, Ekpeye, Ogba, and Igbo language – Big problem because the Igbo’s say we are answering their names but let me point out that if an Igbo man answers Chukwu it’s an Igbo name, If an Ukwuani man answers Chukwu it becomes an Ukwuani name similarly when an ikwerre man answers Chukwu its now an Ikwerre name.
Itsekiri and Yoruba language – they also have same problems with Yoruba’s but let them speak for themselves.


6. ORIGIN / LINEAGE.

Both the eka and agbor have always had their culture guarded strongly in the face of oppositions, Delta Igbo people know where they come from and are proud of their origin , they have a long history of kingship and culture that is why many people will not let them be. New it is not, for a tribe to have two or more ancestory e.g take itshekiri, they have both benin and yoruba ancestory , but that does not make them benin or yoruba, today they are know as itshekiris .

The people of Delta Igbos should not be drawn into arguments with those who do not know their history and who do not know their culture and whose sole arguements rely on nearness of language as a proof of where a people come from. An historian knows that due to migrations, trade and other factors there can be change in language.

I laugh hysterically at igbos, when they say agbohs are igbos. Let me clear this misunderstanding. First can do you know what the term 'agbor' means in igbo language ?

History has it, that agbor was called ogungunagbon or agbon , which means earth in benin language and the british changed it to agbor in 1906. Most eka, agbor, anioma , ukwani , ibusa, ugwashi ukwu were benin princes and people from ishan land in ancient times and later other groups of migrants came from igboland, some from yorubaland e.t.c. They dress like binis, maintain same dances like okangan, ojerimas and oje like binis. Their traditional gods are same as theirs like ovia, uhunmwunde, idigun, olokun etc.

Chieftancy titles in Agbor are same as ihondor, ologbosere, ihama, obaseki, ihondor, benin and so on. Towns are divided into three ( ebon, idumu and oge) and Language spoken are two ( ozara and ika , ozara is edoid while ika is a mix of bini and igbo). There are still titles that if you want to take in some villages in agbor today, you must go to benin , where the original founder came from to collect things and receive blessings of approval. It will interest you knowing that all ika and agbor kings are benin princes and the present dein of agbor is same royal blood family with the omonoba of benin. However all these do not the agbor binis or igbos but Deltans who know their ancestral origin.

It is good for people to consult natives of a place and ask them of their history , before the write on it. Anioma is a big place , i know the igbo language plays a part in anioma history, but not all aniomas migrated from igboland and their are about 11 languages spoken there like ozara, ika, olokumi ( old yoruba), igalla, aboh, etc . that is the reason why no proper ika man will join any group like ohaneze, Agbor have their own group called the ika group, and they support anioma people.

At this juncture it is important to state that the delta people have cultural afinities and that people of asaba, oshimili, ogwashi, ubulu-uku , ukwani, agbor should not be termed igbos.


CONCLUSION
One danger in the game of numbers as currently play by the Eastern Igbos is that they never conceal their plan to deny those other tribes who will join them in actualising their non-actualisable dream, the benefits that go with such.

Its important that so called Biafra Apologists, Pro-Biafrans or Independent People of Biafrans, desist from calling these aforementioned zones as Igbos in other to further their propaganda of a non-actualisable Biafra or for personal grounds.

They are not igbos. Enough is enough! Stop the lie lies!




By Ymodulus


Cc: BiafraQueen , Normality , ProBiafra , Ikwerreboy , fr3do , NormalCodes,

Source:
http://www.edoworld.net/Origin_Of_Delta_Igbo_Indisputable.html
http://www.ibusa.net/ibuzo%20-%20leave%20us%20alone.htm
http://www.gamji.com/article8000/NEWS8382.htm
https://en.m.wikipedia.org/wiki/Nigerian_Civil_War
https://www.nairaland.com/2268148/ukwuani-people-not-igbos

Inception:
Ymodulus please do you still have Paypal funds for sale?

if yes how do i contact(transact with) you?

yemi2plus:
However, in view of the increased difficulty in sourcing foreign currency to settle international transactions on Naira MasterCards, we have reduced the DAILY international spending limit on your Naira MasterCard to $300. This means that you can only spend up to $300 daily when using your GTBank Naira MasterCard for international payments via POS and online.

stagger:
Mr Man,

Go to the casino at Sheraton.Many bets are priced in US Dollars. So you saying "what use is a dollar in a wallet if it can't be spent" shows you need more exposure on thes matters. I can easily change any dollars in my pocket. Once I hit MMIA and found the ATMs empty. It was night and the BDCs there had closed. I quickly walked up to a uniformed personnel and did some dollar business. He took my USD and gave me Naira, though at a lower rate. Everyone was happy.

Yoru economy is already too dollarized. Forget the bolekaja CBN tactics trying to tell Nigerians otherwise. You want to tell me that guys like Wale Tinubu, Dangote and co keep their money only in Naira? Haa! Tell that to the marines.

breeze23:
Do u know the rate and charges of money gram? And which bank have the lowest rate to China?

modhream:
You're paternally Igbuzor and you're not Igbo?.Dude,what have you been smoking?.Get off that shii,it's too strong for you.Your history,of either of the two quarters,is such that it can never be revised.

Lalasticlala , sent you a PM.

melzabull:
yeah I'm from ogwashi.

Interesting! You are really rapping us well too. Thanks!

[size=13pt]The Language Deception; The Biafran Struggle - The Games of Numbers, Pity, Size, Emotions and Lies. [/size]


Delta Igbo's - Ukwani , Asaba , IBusa , Ugwashi Ukwu , Agbor are not Igbos. Please Igbos stop the misinformation.


6 July 1967 , 14:05 first gun shot was fired, the sound produced to many might be interpreted in different coins, but reality check is it has only one coin. The shot signified the start of a civil war by a supposed Rebelist grouo as they are called, whose motive or agenda is their suppose "freedom and sovereignty ". While the war has come and gone, the happenings of the event has left a sad mark of regrets, bitterness, hatred, Lessons has been learnt, stories have been told, though these stories all have added ingredients to various levels. But truth still has it, the Rebels started the war and the gallant great soldiers of the Federal republic of Nigeria ended the war.

History are of no doubt much relevance as they have a big way of impacting our tomorrow decisions. Prior to the Biafran War, there was no disparity or Igbocism known as " Delta Igbos or River igbos" until the war started, and even while the war has come and gone. Prior to the war, Delta Igbos or River igbos are known as Bendel. However in a bid to brainwash the innocent Nigerians into fighting a war they Igbos brought the term known as Delta -Igbo

Today, there is a recent wake in the struggle of so-called Biafra and in this sensitisations by biafran freedom fighters (so the call themselves), there have been a deliberate misinformation and deception that the Delta - River Igbos are Igbos and as such, should fight for the actualization of Biafra. This deception has been so-reciprocated that the geneology of the Deltans and River Igbos have been changed by the Easterners. It is against this backdrop that this article was written.

Aim of Article is to sensitize Delta - River Igbos, that they are not Igbos and should never accept when to be called one or accept to be used as a tool by rebels to achieve / further their aims and agendas.

An Act of impunity irony, it is that the same people who are fighting for injustice melted on them in non actualization of Biafra, are deliberately and consciously trying to force others who they don't recognize as their own to join their struggle. Series of actions have been seen, which shows that the delta and river igbos are not igbos, however a few is listed below. Note the list is limited but not exhaustive.


1. The Rejection

The people of Anioma has been rejected today as igbo, they are even considered by the as “fake Igbos” who cannot speak Igbo properly, and this rejection has continued till date. Some other rejection events can been seen below
In 2007 prelude to the elections. Prof. Pat Utomi (from Ibusa – Delta State), wife solicited the support of the OHANEZE GROUP for her husband presidential ambition. Chief Orji Uzor Kalu also went to solicit for his too. Sadly, he (Pat Utomi) was rejected by the OHANEZE ELDERS. Some reports from Nigerian dailies hankered abject adroitly: “Is he really a proper Igbo man? Look at him; he cannot even speak Igbo properly.” Others even insinuated that his name did not sound Igbo. I was shocked to the bone marrow. I couldn’t believe what I was reading from prominent Igbo citizens. Instead of asking the two candidates to present their programmes and manifestoes, they were busy hankering on whether one of them is a “proper Igbo” or not. I was shocked of words. If any Igbo person does not know the meaning of Utomi, then that person should take a suicidal dive into the river Niger.” Interestingly, Pat Utomi is a member of Ohaneze Ndiigbo.

The appointment of Sir Mike Okiro as the Inspector General of Police is another case of rejection by the igbos. South Eastern Igbos, rejected Sir Mike Okiro in exchange for Ogbonnaya Onovo. This they did on the premise that, Onovo was an Igbo man. Also citing, the presidency act as a deliberate one to marginalize the Igbos, preventing them, from occupying such a sensitive position.
What does this makes Mike Okiro? A tribeless person or an outcast?

2. SELF SELECTION
Power and success they say attracts friends, people. This is evident in the igbos way of life. The igbos only consider the Anioma people of Delta state as Igbos when such a person has achieved enviable marks or for their selfish interest in their suppose struggle for a Non-Existent Biafra.
The igbos are always quick to say that people like Jay Jay Okocha, Ngozi Okonjo Iweala, Sunday Oliseh, Kingsley Obodo, Jim Ovia, Tony Elumelu, Sebastian Adigwe, Francis Atuche, Nuel Ojei, Peter Okocha, Sunny Odogwu and a host of other super stars who all hail from Delta State, along with notable ones from Rivers State like Chioma Ajunwa, Comdedian Julius Agwu to mention a few, are igbos.
The Igbos acception of Paul Dike's ascension as Defence Chief was one case of self selection.

3. NO SYMPATHY.
In matters that require external support, South Easternerns are non sympathetic to the cause of the Delta State - Anioma or River State – Ikwere speaking Igbo zone. An epitome example was during the clamor to create Anioma State out of Delta State. Regardless of the benefits this will have for the Igbos (in times of election, 2-3rd rule of constitution), little seems to be done by the governors of the Igbo states or even the Ohanaeze in this regard. Infact the Ohaneze group in 2007 Openly said the creation of Anioma state will lead to more state for the South-South and claim it was a propaganda by the Yorubas to have more power.
The question is how? Do the Ohaneze read maps? Are Ohaneze elders educated? Why should someone say the creation of Anioma is propaganda by the Yorubas? Is this a statement accepting the fact that Deltans are Yorubas?

4. POLICTICAL AND GEOGRAPHICAL
Delta and River state igbos are not in the east. So should not be called eastern. Politically and geographically, they are not in the east. It is the same with Yorubas in Benin Republic. They do not look up to Western Nigeria in political matters.

You see the river Niger? It separates Deltans from the igbos. Its a natural demarcation of boundary. Easterners take Note. See picture Below:

https://thenationonlineng.net/new/wp-content/uploads/2013/01/delta.jpg



5. Ethnicity / Name / Linguistic

Aniocha, Ukwani, Asaba, Ibusa People are not igbos. They are ethnic group speaking a language that is linguistically similar to Igbo language. Something makes Umu- igbo sees themselves as always superior. Igbo, Delta igbos, Ukwuani, Ekpeye, Ogba & Ikwerre are familiar tribes. Let everyone respect each other instead of claiming the territories of one another. The greediest among these tribes is Igbo.

All over the world we have distinct tribes with similar language and no one claims that the other person is answering his name so he must be Igbo.

Spanish and Portuguese – they both answer names like Diego, Jose, Fernando but the Portuguese man doesn’t wake up to tell the Spanish man that you are answering my name and you are Portuguese. When a Portuguese man answers Rodriguez it’s a portugese name similarly when a Spanish man answers Rodriguez it becomes a Spanish name. NO ONE OWNS THE NAME.

Uhrobo and Isoko – They both answer names like Afoke, Oghene.
Bini, Esan, Etsako – They are also different languages. I don’t mean dialects
Eleme and Ogoni – Some similar names but again different language and no one claims the other.
Ukwuani ,Ikwerre, Ekpeye, Ogba, and Igbo language – Big problem because the Igbo’s say we are answering their names but let me point out that if an Igbo man answers Chukwu it’s an Igbo name, If an Ukwuani man answers Chukwu it becomes an Ukwuani name similarly when an ikwerre man answers Chukwu its now an Ikwerre name.
Itsekiri and Yoruba language – they also have same problems with Yoruba’s but let them speak for themselves.


6. ORIGIN / LINEAGE.

Both the eka and agbor have always had their culture guarded strongly in the face of oppositions, Delta Igbo people know where they come from and are proud of their origin , they have a long history of kingship and culture that is why many people will not let them be. New it is not, for a tribe to have two or more ancestory e.g take itshekiri, they have both benin and yoruba ancestory , but that does not make them benin or yoruba, today they are know as itshekiris .

The people of Delta Igbos should not be drawn into arguments with those who do not know their history and who do not know their culture and whose sole arguements rely on nearness of language as a proof of where a people come from. An historian knows that due to migrations, trade and other factors there can be change in language.

I laugh hysterically at igbos, when they say agbohs are igbos. Let me clear this misunderstanding. First can do you know what the term 'agbor' means in igbo language ?

History has it, that agbor was called ogungunagbon or agbon , which means earth in benin language and the british changed it to agbor in 1906. Most eka, agbor, anioma , ukwani , ibusa, ugwashi ukwu were benin princes and people from ishan land in ancient times and later other groups of migrants came from igboland, some from yorubaland e.t.c. They dress like binis, maintain same dances like okangan, ojerimas and oje like binis. Their traditional gods are same as theirs like ovia, uhunmwunde, idigun, olokun etc.

Chieftancy titles in Agbor are same as ihondor, ologbosere, ihama, obaseki, ihondor, benin and so on. Towns are divided into three ( ebon, idumu and oge) and Language spoken are two ( ozara and ika , ozara is edoid while ika is a mix of bini and igbo). There are still titles that if you want to take in some villages in agbor today, you must go to benin , where the original founder came from to collect things and receive blessings of approval. It will interest you knowing that all ika and agbor kings are benin princes and the present dein of agbor is same royal blood family with the omonoba of benin. However all these do not the agbor binis or igbos but Deltans who know their ancestral origin.

It is good for people to consult natives of a place and ask them of their history , before the write on it. Anioma is a big place , i know the igbo language plays a part in anioma history, but not all aniomas migrated from igboland and their are about 11 languages spoken there like ozara, ika, olokumi ( old yoruba), igalla, aboh, etc . that is the reason why no proper ika man will join any group like ohaneze, Agbor have their own group called the ika group, and they support anioma people.

At this juncture it is important to state that the delta people have cultural afinities and that people of asaba, oshimili, ogwashi, ubulu-uku , ukwani, agbor should not be termed igbos.


CONCLUSION
One danger in the game of numbers as currently play by the Eastern Igbos is that they never conceal their plan to deny those other tribes who will join them in actualising their non-actualisable dream, the benefits that go with such.

Its important that so called Biafra Apologists, Pro-Biafrans or Independent People of Biafrans, desist from calling these aforementioned zones as Igbos in other to further their propaganda of a non-actualisable Biafra or for personal grounds.

They are not igbos. Enough is enough! Stop the lie lies!




By Ymodulus


Cc: BiafraQueen , Normality , ProBiafra , Ikwerreboy , fr3do , NormalCodes,

Source:
http://www.edoworld.net/Origin_Of_Delta_Igbo_Indisputable.html
http://www.ibusa.net/ibuzo%20-%20leave%20us%20alone.htm
http://www.gamji.com/article8000/NEWS8382.htm
https://en.m.wikipedia.org/wiki/Nigerian_Civil_War
https://www.nairaland.com/2268148/ukwuani-people-not-igbos

soe:
Hello...can we please be reasonable here.

The United States is not running a stagnant economy...their currency value would definitely rise and fall at some points...the influence of a capitalist economy cannot be over-ruled.

On the other hand, what we are doing is to have a nation that is less dependent on the US economy, Mynd44 had asked a very salient question yesterday for which no one could answer.

he asked, Why did the Naira fall so badly from 160 to 200 in 2014/2015 ? If you can answer that, then we can reason with your cock and bull theory

The answer is so simple. A number of factors contribute to the rise or fall of a country's currency; We have the stock market/foreign investments, tourism and international trade. But basically, and speaking in lay man terms, if you have more people replacing their currencies with your currency, then your currency will rise in value. If you have more people dealing in your currency than their currency, then your value will rise. Sadly as the reverse implies, if you have more people dumping your own currency for the other currency, your value will nose dive.

If you look at the above relation, you will notice that it all falls back to a demand/supply chain rule, but not explicitly.

The only back door approach to a rise/fall currency value is the so called "de-valuation or denomination" of the currency which has to do with the Central Bank physically reducing the supply of your own currency so as to make it seem as though it is scarce again.

So what do you think happened in 2014/2015, Corrupt polithiefians knew it was the season of campaign and stealing and stashing and looting. It was the season to keep monies at home. They all withdrew in USDollars and replaced our Naira with Dollars. So, the dollar became increasingly more sought in our local market, almost competing with the Naira. Hence the crash of the Naira in the local (black) market.

What CBN is doing now, as part of the change program, is to force the polithiefians to return to the need and use of Naira and dispose their ill gotten USDollars stashed in their personal and underground vaults. The moment USDollars is not acceptable to our local banks. That will reverse the 2014/2015 trend and restore the Naira value to 160.

But as I said...the US Govt. has an economy to run also, and until we successfully reduce the dependency of our economy on theirs, our Naira value will also rise and fall intermittently....the good news however is that the USDollars is no longer competing with the NAIRA in our loal market...we are shifting the battle back to the International FOREX MARKET

kaboninc:
This boy, I dey wait for you ni.

barcanista:
Salient Question and Effects:
1. What happens to a[b] businessmen with domiciliary account seeking to deposit dollars and transfer to their partners abroad [/b]after buying the dollar from BDC or Bank?

2. The bank's refusal to accept dollar deposit means business transaction on that will be halted. Because no domiciliary account holder will be willing to withdraw from his account when he knows that he won't be able to make further deposit due to the CBN's policy except if his intention is solely for converting the dollar to naira for local transaction.

3. Instead of doing transactions from domiciliary account, businessmen will be left with no choice but to operate domiciliary account in neighbouring countries where they will be making transactions or resort to wiring money via Western Union in neighboring country.

4. As a result of 3(above) the cost of commodities will go UP because businesses will make up for the extra expenses. Also, that will mean reduction in business activities in the banks.

5. Should the above persist it will get to a certain point where there will be scarcity of the dollar in the market. When it get to that point, the dollar rate is astronomically shooooooot up in the market because demand will outweigh supply. At this point, the naira problem will be worse than it was.

Is The Naira Really Appreciating?
Make no mistake, the naira-dollar rate is yet to appreciate in the international market. As at May 29 the naira/$ rate was N199 in the market. The rate as at today Aug 5, 2015 is still N199. You can't appreciate a currency via the backdoor. Even the black market rate cannot be regulated through the back door.

What "Sane" Countries Does:
The CBN Governor Godwin Emefiele made it look like one can't deposit foreign currencies in cash in another country. This is contrary to the facts on ground. No country will shut down foreign currencies transactions in banks. Let me give two instances...
On February 27, 2015, the Central Bank of Egypt instituted a new policy to help the Egyptian pound. As part of the policy, Individuals and businesses are allowed a maximum of $10,000(or equivalent) deposit daily and $50,000(or equivalent) monthly. The measure would stop companies from buying large amounts of dollars from the black market and then depositing them briefly in banks in order to open letters of credit for imports.

In China the maximum daily deposit/withdrawal of foreign currencies is $10,000(or equivalent).

Is it not better to place a transactional limit for foreign currencies than discourage deposit completely(that will solve nothing)?
We don't produce, we import, we have no policy to promote local production nor infrastructures in place toencourage manufacturers, yet we expect the naira to appreciate. That is no done anywhere.
I will be glad to get the views of others.
God Bless Us All

Okattamgbee:
I want to know if the exact shoes posted above is what we are purchasing or are we looking for other designs as well?

Thanks.