₦airaland Forum

Adjoflagos:
Am looking forward to see and buy an Honda EOD for 600k urgently am willing to pay as soon As possible

I have EOD for sale but it's for #750

Seriously,The rate Naira is crashing calls for Urgent action cos at this rate it will surely get to #1000 by december
WAHALA DEY

The greatest threat to Naira is the FOREX underground deals which many political stakeholders have benefited from....FOREX CORRUPTION is PREVALENT in this GOVERNMENT and the POOR MASSES are suffering for their GREED.

Bureau de Change (BDC) operators in Abuja have blamed the steady fall of the naira on deliberate hoarding of foreign currencies which forces them to buy from government officials and top politicians across the country.

Some BDC operators at Wuse Zone 4, a popular spot for foreign currency exchange, lamented that the pervasive scarcity of the dollars and other core global currencies is due to activities of highly placed government officials, top politicians and Central Bank of Nigeria’s (CBN) staff, who have found the falling naira as a way to line up their pockets at the expense of the nation.

On allegation made by a former CBN governor and current Emir of Kano, Sanusi Lamido Sanusi, that people sit at home and make calls to buy dollars from the CBN and resell, BDC operators corroborated it, saying, “It is true.”

Refusing to identify his name, a BDC operator said, “Dollar is scare, we don’t have it like in the past. For us to have it, we must identify who to approach to buy from CBN for us,” he said.

“Mostly, top government officials use their influence to buy from the CBN in the name of going abroad for official assignment,” he further alleged.

Asked if he knew anyone or had bought from them, he said, “My ‘oga’ (boss) does not sleep,” adding that “he follows them around, sometimes he goes to their houses in Asokoro, Maitama to beg them to buy dollars. He traveled to Kano last time to approach somebody for it,” he pointed out.

According to information provided by the BDC operators, ministers, key personnel at the presidency, top politicians not in government but with strong links as well as traditional rulers mostly from the northern part of the country use their influence to buy dollars from the CBN even at the old rate of N170/$.

This must have informed the allegation of Sanusi, who, according to sources, must have spoken from vintage position.

“My boss told me he buys dollars sometimes at N300 and N380 depending on individual sellers,” another BDC operator noted.

The CBN while trying to prop up the naira few months ago opened dual windows and harped that the naira was floated to subject it to market forces.

Unfortunately, the national currency has continued to receive intense battering and fell to N406/$ few days ago at the black (parallel) market.

Recent reports said the naira has shed almost 40% against the dollar in almost a year, making it the worst performing currency globally.

And if that was not enough, Sanusi ran scathing attacks on the Federal Government handling of the economy in general and the CBN currency operation in particular.

“You don’t have to be an economist to know that any system that allows you to sit in your garden, and with a telephone call, make one billion naira without investing a kobo, that system is wrong. It is unsustainable”, Sanusi said of highly placed politicians and top individuals who use their influence to buy forex from the CBN and sell to make undeserved profit.

“And just so we are not always blaming the previous administration. We have also made mistakes in this administration,” he added.

“And if we fall into the same holes that we fell into the last time where the government is always right… If a policy is wrong, it is wrong. Nothing will make it right and it has to be changed,” the former CBN governor asserted.

Investigations based on findings from the BDC operators have shown that CBN top executives know about the whole dirty deals.

According to information, they are helpless as they cannot stop immense pressure put on them.

“Often, calls come from various sources that are highly placed. The major culprits in requesting for forex which they possibly resell are the ministers and highly placed presidency staff, who the CBN executives cannot ignore,” a BDC operator told Independent, lamenting that he was tired of begging these “people for forex.”

Few months ago, before the CBN floated the naira, there were allegations against a key aide to President Muhammadu Buhari, who had unimpeded access to forex as the nation groaned under forex scarcity.

The CBN had defended its position, saying it did not sell dollars to individuals but the aide while defending his dollar purchases said he did not breach any law as he did not buy above the threshold set by the CBN.

There has also been allegation of the CBN leaving its constitutional role of being the bankers’ bank to the buying and selling of currencies.

According to the BDC operator, who spoke with Independent, “the CBN flexible forex regime has not worked in our favour or the country but has become the conduit pipe as Emir Sanusi has said to influential people’s advantage.

“Banks don’t have adequate forex and so the demand placed on us is high. But for you to get it, you must be prayerful that one government’s official or politician remembers you and comes calling to sell what he has gotten for cheap from the CBN,” he said.

http://independentnig.com/we-buy-dollars-from-government-officials-bdcs/

Yeah,Opportunity they say comes but once...I have learnt many lessons in the act of Work and Expenditure

...In order to succeed i advise most people i meet to do the following as a working class youth;

... Don't be tempted to live above your means,Don't rent a house of #500,000 Per Annum while you earn #1.5m..Your Rent must not exceed 15-20% of your yearly earnings
....Ensure you start a Capital Fund account you won't have access to and improve your capital base through Fixed Deposits,Govt. Bonds etc
....AVOID INSTAGRAM BABES...They can wreck your Finances with their insatiable demands
....Possibly Date a Working Class/Independent Lady or any Lady with a Conservative Mindset
... Do Charity work

As a Business Consultant i know almost all of them..The Man is the Eselu of Alaba what ever he says stands..Godfatherism is prevalent in all markets in Lagos esp the IGBO dominated ones such as TRADE FAIR,IDUMOTA AND ALABA..The money these associations rake in monthly is enormous and how the money is spent no body knows

Doggys:
Hello House. Today the Quebec express entry opens. I'll advice all to be logged on 30 minutes before time so we won't stay long in the waiting room before we are able to submit our applications. Cheers

I logged in 1.34pm (8.34am Montreal Time) only to see over 25,000 in the virtual room already,i doubt if i can submit application or kukuma wait till next year

Kpelee Bros..You broke the rules of Engagement that's why u were treated like a kid
Next Time Obey the Following Rules;
...Before you invite a lady out ask yourself what's your INTENTION
..If you want to TIDY Her and you have the feeling she is into runs then switch to make your offer, buy her drink like Smirnoff
...Place your order on her first If she wants to follow you to your place then tell her you will give her 5k for the fish after the Do
...Don't feel shy about it cos She knows what you want and how to get it should be your target
...If she decline your offer let her drink her smirnoff and go.
..If she is a homely babe you want to date then buy her anything you can afford based on your expenditure plan
...STOP IMPULSIVE SPENDING ON LADIES YOU CAN NEVER GROW ECONOMICALLY WITH SUCH MENTALITY

Please is there possibility of drilling borehole to get soft clean water in Ikorodu,mowe,lusada or other cheap accessible places,i want to get two plots for Agric. Purpose

Spending Money Marrying SOME Nigerian Women of Today is gradually becoming a total waste of money(LIABILITY
),they are seriously losing it by the day,from disrespect to stubbornness,secrecy,extra-marital affairs,extravagant lifestyle/Feminine Competition,lack of proper house-keeping and Cooking Skills,General Uncleanliness etc,I just wonder how we got to this stage,The only GAIN is just the Kids nothing more,A woman told me point blank that if i marry her and i dare cheat on her that she will cheat on me too,Omo i tear race i have no intention to cheat on my future wife but telling me to my face that you can revenge when i do wrong tells me the kind of person you are.

Am tired of Criticizing a DEAF GOVERNMENT...I want to ask some few critical questions

Why are they romancing Non-Functional Refineries? Selling them Off to Firms with the technical,administrative and financial capacity to ensure maximum productivity.

Why will they remove the subsidy on fertilizers when an average farmer is finding it difficult to enhance output without fertilizer?

Why is this Government economical with the truth regarding the politics of Kerosene and Petrol Pricing Strategy? Why is NNPC MEGA STATIONS selling almost at the official price while they source forex directly from CBN?

Why is this regime allowing STATE GOVERNORS recieve allocation,SECURITY VOTES and other emoluments while owing a huge backlog of Salaries? ..I recently heard the Swiss Government wants to return ABACHA LOOT but insisted the FG must come up with a detailed plan on how such money will be spent with the constitution of Swiss/FG Joint Committee to ensure effective implementation..This strategy must be applied to STATES,before allocations are released the STATES should come up with the amount to be disbursed for Salaries with an effective follow -up

Why is FG shielding an obviously Corrupt Parliament from Probe regarding Parliamentary Finances,Budget Padding etc

Why is FG shielding IBRAHIM LAMORDE from Probe,The man in whose tenure as EFCC CHIARMAN about #1Trillion recovered cannot be traced

These questions must be answered for us to have a genuine economic sense of direction

Am Happy Nigerians are waking up Gradually,i will like them to impose more suffering on the masses...The only thing that can unite the masses is MONUMENTAL HUNGER,Such that both APC and PDP supporters,Muslims and Christians will all scream in One Voice saying "We have Suffered" Till then..Continue blaming Goodluck or Jonathan

Slapped Him? Is she the mother? The only woman who have the parental right to slap is the mother,The day you attempt to slap me as my wife , You land in emergency unit from emergency unit you go home... I DON'T NEED YOUR MONEY IF YOU DON'T HAVE RESPECT

Those who fail to learn from History are bound to repeat it....Thanks Archiver for this ancient masterpiece

I don't like the way most Nigerian Youths reason,This issue is crystal clear irrespective of the political party or personality involved,i expected a wide scale condemnation and a consequent demand for a full scale probe...Most of the Youths hailing this Government are Jobless yet they are keeping quiet when this same Government they campaigned and voted for is short changing them,it is the responsibility of the Youths to demand for a right of equity and fairness as far as Government Jobs are concerned....REMOVE SENTIMENTS AND ANALYZE ISSUES OBJECTIVELY

What does she have to offer that is worth G-GUARD ? I question that guy's means of livelihood

Big Girl Ke

IGBOS don suffer for dis Nairaland,any drugs issues moves to FP sharp sharp for the ethnic scavengers (Name Checkers Assoc.) to feed on.
Meanwhile i will advise my fellow Igbos to desist from Drugs cos its a blend of pleasure and pain...when you succeed people hail you ,when you fail your life is doomed....For me i am doing legitimate business and contributing to the positive image of my Country,I AM PROUDLY IGBO and I DO NO DRUGS

The Greatest Mistake a Man will make is to marry a woman who is not psychologically,emotionally and physiologically prepared for marriage...Marriage is not wedding...Wedding is for a day,Marriage for a Lifetime,MEN STOP WASTING MONEY ON LADIES THAT WANT TO WED BUT CAN'T STAY IN MARRIAGE...Personally i insist women should contribute at least 30% of wedding expenses so as to see marriage more like a partnership...The Man wedded a lady that contributed nothing to her marriage that's why she left without feeling the pain of losing anything. #LessonsLearnt

The Minister is just reeling out points...we need pragmatic steps to actualize the points raised,They failed to mention that Privatisation of our Refineries remains a critical step this Government must take, we can't continue to spend scarce Forex importing fuel,@the moment most banks are reluctant to finance fuel import transactions,This Government should declare a State of Emergency on the economy else by January Next Year...A Full scale Protest Across Board is Imminent

I am totally disappointed that BUHARI is shielding these obviously CORRUPT officials in his Government,He should allow them clear their name and not giving them PRESIDENTIAL COVER....HE WHO COMES TO EQUITY MUST COME WITH CLEAN HANDS

As the harshness of the economy bites harder,most ladies are repackaging and rebranding for a higher market value

AS the economy bites harder,most ladies arerepackaging and rebranding for a higher market value

girl4rmspace:
this dsnt apply to me because i NEVER ask for any financial needs from anybody am in a relationship with. I got more than enough myself and dont need his money.

maybe that's why i dont buy your idea of paying for sex thing while still in a relationship. In my world ,it dsnt work that way. If i engage in that, its because am in love with that person not because of whatever am expecting from him.
For me, paying for sex is a big NO! i could end a relationship in an instant if i find out my man engages in that.

Nne i am tempted to infer that either re not a NIGERIAN or you don't live in NIGERIA

chronique:
The comments on this topic,shows why Nigerians are stuck with Buhari as a president. People look at things with sentiments and not based on logical reasoning. For those who do not understand,let be break it down to you.

Peter and Paul own the P-sqaure brand and have 50/50 right to use it. Peter and Paul are currently pursuing solo careers but also doing business as a group. As solo acts,they go by the names Mr P(for Peter) and Rudeboy(for Paul). In business,you have to have 51% stake before you can have any major controlling right to make decisions that ooverrides the next person who has 49%.
Based on this,both Peter and Paul,must agree on the terms of any contract being carried out with the P2 brand. Peter can't book a show as P-square and perform alone. It will be termed as fraud,and he can be sued heavily for that. Same goes for Paul. Jude's tactic of booking the show as a p-square show only for paul alone to show up,shows he is not just a fraudulent person,but a person who is greedy and not totally professional. You cannot book one of both twins as P-square;that's totally wrong. Peter is simply saying and doing the right thing. If the organizers decide to sue P-sqaure tomorrow,Peter would bejoined in the suit,whether or not he collected a dime from the proceeds of the show. That they are brothers,doesn't mean he should be stupid or not set things straight. You cannot book Jackson5 for a show,and only Janet jackson or Marlon jackson,turns up to perform;you will be sued heavily for that in the US. You cannot book Dru-Hill for a show,and present only Sisquo;they'd slam you with a heavy lawsuit and demand damages...

The earlier Nigerian youths start having sense and using their brains,the better for us as a nation. My sibling cannot be defrauding people with my name and I'd keep quiet because we are blood,knowing fully well that if it backfires,I'd also be held liable.

Thanks for the logical interpretation.. In addition to that both peter and paul is henceforth disallowed to use PSquare songs in their solo shows without authorization from the other party

.....Interesting

Retired Director who served mandatory 35yrs resume as assistant director
In tandem with what is perceived to be President Mohammadu Buhari’s
chronic cronyism, the President has secretly ordered a recall of a large
chunk of retired permanent secretaries and directors in the federal civil
service from the core north and promoted those who failed the civil
service exams, Pointblanknews.com has learnt.

Buhari had made no pretense concerning the section he favored for key,
juicy appointments. Aside from the ministerial appointments which spread
is guaranteed by the constitution, Buhari has told all who cared, he is
comfortable with those from his section of the country

All his key staff at the Villa, SGF, Defence chiefs, are al from the
north. And recently no fewer than 20 very senior police officers had to be
retired to give way for the Police boss.

Presently, the Buhari led federal government has embarked on a secret,
massive recruitment of candidates from the North who have diploma
certificates (ND) and National Certificate of Education (NCE) to occupy
the position of degree holders in ministries and parastatals leaving out
thousands of most qualified candidates from other parts of the country.

President Buhari penultimate week suspended the eight-year tenure for top
civil servants in the public service paving the way for a mass return of
retired northern civil servants.

But his decision drew the ire of the organized labour who said that the
abolition of the tenure of office for civil servants would destroy the
cherished norm in the public service if not checked.

One of the most astonishing cases is that of Mrs. Nana Sokwa from Bauchi
State, who served the mandatory 35 years in the civil service of the
Federal Capital Territory Administration (FCTA) and retired two years ago.
Pointblanknews.com gathered that she has been recalled, and has resumed as
an assistant director in the Office of the Head of the Civil Service of
the Federation (OHCSF).

Most of those being recruited are from the North-west and North-east
geopolitical zones.

Pointblanknews.com investigations also reveal that two permanent
secretaries who were known to have repeatedly failed promotion exams as
directors were appointed permanent secretaries and assigned to ministries.

The Permanent Secretary, Ministry of Petroleum, Hajia Binta Bello and the
Permanent Secretary Ministry of Finance, Alhaji Mamoud Isah Duste both
failed several promotion exams but were made Permanent Secretaries on the
directives of President Buhari, sources told Pointblanknews.com

A source who spoke to pointblanknews.com about Mrs. Sokwa said “She
claimed that she was in the first place seconded to FCTA from the OHCSF.
But she served her tenure under the eight-year tenure for top civil
servants (Permanent secretaries and directors) and served mandatory 35
years. The ridiculous thing is that she has gone back to office of the
Head of Service to resume as assistant director. Isn’t that by all
standards a criminal offence?

“The implication is that she has gone back there to sit on some people’s
progression in the service. She is now expected to serve another 12 years
to get to the position of director again and probably become perm sec and
serve like eight years that will come to like 20 years. So automatically,
she is starting all over again and would have spent 55 years in service
usurping other people’s positions.” said our source....

http://pointblanknews.com/pbn/exclusive/buhari-recalls-retired-perm-secs-directors-north-plans-mass-sack-senior-civil-servants-south/

Sunnynwa:
Thomas John is T Y Danjuma's man.

Correct Man...He is T.Y close Ally and an Executive Director, SAPETRO (Danjuma's oil Company) in addition he was former NNPC MD in the 80s during the then Buhari Era

I heard from the embassy that she was refused Visa,so that's why she can't travel...Quote me not