No Greek gift from J.P. Morgan
Posted By: Sam Omatseye on: September 14, 2015

Recently, the international mogul JP Morgan decided to delist Nigeria from its government bonds. The reason is that the new Central Bank regime on foreign exchange transactions does not favour its own light of good capitalism. It has created a set of chain reactions and the stock market has turned a little giddy.

But I am happy the CBN is not yielding to the shark of a bank.

J.P. Morgan and its types come from a culture of due process and transparency. But it is a bank that knows how to trick governments and naïve citizens. Was it not the same bank that was fined close to $20 billion for a series of unethical and unprofessional conduct? It paid a major role in swindling Americans in the mortgage scandal a few years ago, and paid $13 billion in fines. It also paid $1 billion over the “London Whale scandal” and $6 billion over the manipulation of a felon called Bruno Iksil. It paid $2 billion for allowing Berne Madoff swindle innocent American investors. It was in cahoots with companies, such as Goldman Sachs to tease Greece into its crisis by crafting a system to hide its debt while profiting by it. Now, Greece is suffering alone. If JP Morgan cannot live with transparency in Nigeria, we can live without their geeks. We abhor another Greek gift

http://thenationonlineng.net/no-greek-gift-from-j-p-morgan/

Nice info

Well said

Thanks for educating Nigerians about how Ngozi (a graduate of agriculture) sold her birth country to the sharks.
A resource rich country like Nigeria has no business patronising the international bond market or to be manipulated by the dictatorship of the IMF and world bank .
They have set the trap by coming in and artificially inflating the true worth of the economy. They have milked it ,. All that remains is to go for the kill by pressuring Buhari to devalue . The masses be damned.
south Korea , China and all the other countries that moved from third world to first /second world status did so by developing homegrown solutions.
They also invested so much money into technical education,major infrastructures , power plants , steel plants , machine tools etc .
Rather than allow the naira to be attacked by speculators, it is better to ban some imports that can be sourced locally.

LocalChamp:
No Greek gift from J.P. Morgan
Posted By: Sam Omatseye on: September 14, 2015

Recently, the international mogul JP Morgan decided to delist Nigeria from its government bonds. The reason is that the new Central Bank regime on foreign exchange transactions does not favour its own light of good capitalism. It has created a set of chain reactions and the stock market has turned a little giddy.

But I am happy the CBN is not yielding to the shark of a bank.

J.P. Morgan and its types come from a culture of due process and transparency. But it is a bank that knows how to trick governments and naïve citizens. Was it not the same bank that was fined close to $20 billion for a series of unethical and unprofessional conduct? It paid a major role in swindling Americans in the mortgage scandal a few years ago, and paid $13 billion in fines. It also paid $1 billion over the “London Whale scandal” and $6 billion over the manipulation of a felon called Bruno Iksil. It paid $2 billion for allowing Berne Madoff swindle innocent American investors. It was in cahoots with companies, such as Goldman Sachs to tease Greece into its crisis by crafting a system to hide its debt while profiting by it. Now, Greece is suffering alone. If JP Morgan cannot live with transparency in Nigeria, we can live without their geeks. We abhor another Greek gift

http://thenationonlineng.net/no-greek-gift-from-j-p-morgan/

I agree completely

It makes Lotta sense.

No Greek gift from jp.
We can see beyond their rhetorics, we ain falling for their gimmicks anymore.

Weldone CBN

All the commenters above me have no economic knowledge so lets forgive them for their ignorance. As for the writer, let's all pray for his soul. That's all.

jimi4us:
All the commenters above me have no economic knowledge so lets forgive them for their ignorance. As for the writer, let's all pray for his soul. That's all.

And U would want to take it that u know shey? Who is deceiving who? Ur ignorance speaks volume already. If u have information give it, if not 4 ever hold ur peace.