ECOTERRORS:
Buhari and Mugabe have something in common, both are economic dunce. The former wants to change the color of its notes to strengthen it currency while the latter printed higher denmomination notes to strengthen his.




How can someone that gave himself F9 in Maths with his forged O Level have an economic term called *Buharinomics*



We are staring at a big poo now

sukkot:
you will get caught. these black market guys get their money from one source and that source is connected to the police. if over a certain amount is demanded an alarm is triggered. thats not an effective way.

sukkot:
you will get caught. these black market guys get their money from one source and that source is connected to the police. if over a certain amount is demanded an alarm is triggered. thats not an effective way.

sukkot:
thats not the point. the point is if you have 2 billion dollars at home and yes there are politicians with warehouses full of billions of dollars ( where do you want them to keep it ? you cant keep that kind of money in europe ), and with this amount of money, once a change is implemented to the naira , you are stuck with your billion dollars. yeah you can attempt to change it 5000 dollars at a time but there is not enough days in a year for you to change 2 billion dollars when you are changing it in small amounts

mployer:


How will that strengthen the economy? Don't you think money will be used to print the new notes?

989900:


People who've not touched excessive cash don't get it.
They think it is easy to hide huge illegal cash . . .
Why would Tafa have kept millions of cash of different currencies in his Ikire home instead of buying properties or in banks or transferring all, even during OBJ when it was much easier.

989900:


People who've not touched excessive cash don't get it.
They think it is easy to hide huge illegal cash . . .
Why would Tafa have kept millions of cash of different currencies in his Ikire home instead of buying properties or in banks or transferring all, even during OBJ when it was much easier.

lagmostkuit:

OldJohn:
Even if u changed the colour, a thousand times, people have gotten smarter.


I can give my billions of naira to about 10 to 20 money changers and promise them a percentage of the cash if the successfully deposit it and later withdraw the new notes...

I can equally give my boys or legitimate businesses to front the liquid cash and return new notes.

Buhari is just going to cost us money getting new notes and sh*I... There are better ways to fight corruption. Better technologies. Sometimes I don't fault the yam and the goat theory though..

sukkot:
yes i know how the black market and underworld works. i have lived on 3 continents and have hung around major nigerian drug dealers in chicago ( google kafi of chicago the biggest drug dealer. a yoruba woman who had a shop on broadway and foster in chicago ). i have hung around nigerian drug dealers who do 4 million dollar sales of drugs daily. they are all sitting in jail now because they tried to launder their money and got caught. trust me i have been there. i have laundered money mysef in chicago and i can tell you it is the hardest thing to do

sukkot:
when i say reduce corruption, i mean all those who have gotten away with their corruption will now face hardship when trying to spend their money. a system is created where it is hard for you to dispose of your money. thats a success. and a new system is implemented to where future corruption cannot thrive. you think this your emefiele character is leaving a good bank job because he is bored ? he is leaving because the system being created is a hard nut to crack. no more egunje for him lol

Reyginus:
Before I toe that line, tell me now, how changing the naira notes now come into play here? Tell me.

sukkot:
that is not me. i just told you i hung around drug dealers who did millions daily. in my unenlightened days I have been one of the people counting money from night till morning. i laundered money for them because most of them were local and my english was impeccable so they had me go to banks and western unions etc etc. i was young and dumb lol but yeah i have lived it. trust me you are speaking to a man who has laundered more money than you can ever imagine. and i can tell you they all got caught. and if God did not have a higher purpose in my life i would be doing 40 years in a chicago prison now. ok. trust me.

sukkot:
yes i know how the black market and underworld works. i have lived on 3 continents and have hung around major nigerian drug dealers in chicago ( google kafi of chicago the biggest drug dealer. a yoruba woman who had a shop on broadway and foster in chicago ). i have hung around nigerian drug dealers who do 4 million dollar sales of drugs daily. they are all sitting in jail now because they tried to launder their money and got caught. trust me i have been there. i have laundered money mysef in chicago and i can tell you it is the hardest thing to do

hotice01:


I must commend your tenacity and intelligent replies that's devoid of insults.
You talking from experience,same here.In Nigeria things are very different.I'm not in support of corruption but I'm not in support of this move.
Note-money laundering is hard but never impossible.
people will always break or hack the system no matter how hard or airtight it is.its part of human nature.
Nigeria is a very dynamic country.

Reyginus:
Lol. You don't get it or either me. My problem is only with trying to curb corruption by changing notes which you are in support of. I just want to know how. My question is still waiting. You skipped it here is it again.

'Before a dollar is spent in a naira equivalent it
must first of a be changed to naira. That is,
irrespective of whether the naira notes are
changed or not. So tell me, how will the change
stop reduce corruption if in both case you will
still have to change the dollars before use here?'

stanech:
Buhari appearing more stupid and clueless everyday.. No wonder the west shove him down our trot

Even his gullible supporters can't defend him anymore.

1miccza:


Apparently your id speaks for you,when you have pulled off the veil of hatred after about 4 or 8 years,let what's left of you come back to speak to me....

400billionman:


Landed property is the koko..

Someone can invest N1bn in 3months. Where is the money sef ?

How much be land ? Just one standard duplex gulps N50m to construct. This is no issue.

Pain:


Olodo. Implicating yourself on the naked internet just to prove a hollow point. Never mind the feds will swoop in on you soon. Your IP addy is as bare as a stripper's

sukkot:
listen bro, you are not going to get someone to give you billions of naira in the black market. it is impossible. you guys are talking because you have not dealt with large amounts of money. do you know what 10 billion naira looks like ? you think you can get that on the street ? street deals have limitations

iretiland:
The earlier the clueless Emefiele leaves the better for our economy. This is the worst CBN Gov in Nigeria's history, who takes orders from the Comercials banks instead of directing them. The man is a waste of space -a member of Jonathan's clueless team who brought Nigeria to her kneels....

400billionman:


Landed property is the koko..

Someone can invest N1bn in 3months. Where is the money sef ?

How much be land ? Just one standard duplex gulps N50m to construct. This is no issue.

989900:


I was actually buttressing your point, that money leaves traces.

That is why they say "follow the money", "money trail".

There are of course coded ways to launder money, but abrupt change of currency, just screws that -- it makes you panic, you panic, you rush, you rush, you make mistakes, you make mistakes, you get found.

searching4love:



barka dey salah. crazy gel

Thanks and barka de sallah to u too crazy dude

sukkot:
its a fresh start. everyone who has stolen is stuck with their money. a system is implemented to where you cant steal again. its a package deal. to cleanse corruption is a packaged deal and one of the packages is changing the money. it is one of the steps not ALL the steps. and i will not repeat myself again because i am conscious of the fact that i am spamming this thread lol

989900:


People who've not touched excessive cash don't get it.
They think it is easy to hide huge illegal cash . . .
Why would Tafa have kept millions of cash of different currencies in his Ikire home instead of buying properties or in banks or transferring all, even during OBJ when it was much easier.