tunapawizzy:
na so stealing go start,,, borrow dormant account balance ...dey will graduate to borrowing money that have not been used in 30 days

Exactly my thoughts

We, citizens better stop this government!

blinking001:
SERAP should keep their mouths shut. They talk too much. They know nothing about good governance. If borrowing is what's going to make our country move forward then our President must borrow. I'm sure the president Buhari led administration is already working on modalities to pay back these loans. Enough of the wailing already....

You are young today but will be old tomorrow, if you don't show wisdom in your young age would you show wisdom when you are old?

Why is this government so bent on borrowing?

No responsible government will borrow to fund developmental projects talk less of borrowing to fund budget..

This is just to justify how clueless they are. Even if they eventually borrow the fund they will end up looting it.

PassingShot:

Most of these accounts are having proceeds of frauds.
Also, the banks having these accounts have been profiting from the funds therein over the years, using the funds for business and making huge profits for themselves.

The step being taken by the govt is in order and is in line with other democracies - US, UK, Australia, etc.

If the account are proceeds of fraud then why is the govt not going for forfeiture instead of borrow..Abi are you saying govt wants to borrow from fraudsters and then pay them back the proceed of their fraud? . Think am well

I pray he listens

mrblayze:
It's plain to see by the frantic scramble for pennies by the government that the national purse has been emptied.

Easterner, Westerner, Southerner, Northerner, we will all jointly reap what we have sowed and allowed to fester.

2023 is still far away.. Expect stupid taxes, levies, and increase in charges for government owned enterprises in the meantime.

Hopefully COVID doesn't ever get as serious down here as it is in some other parts of the world, because, you and I know, we can't handle it.

Our country is indeed on autopilot.
Assalam alaikum.

Well said

We Nigerians self, is dis how wey go dey look?

SERAP, I need to know more about you guys, you guys are doing a wonderful job of trying to tame this tiger, Thanks for always speaking up.

What a country and a government

GamalNasser:


If the account are proceeds of fraud then why is the govt not going for forfeiture instead of borrow..Abi are you saying govt wants to borrow from fraudsters and then pay them back the proceed of their fraud? . Think am well

The govt doesn't have proof they are proceeds of frauds. So, govt can't seize the funds permanently for that reason. However, the supposed owners understand they won't be able to claim the money legally.

Lastly, why don't you answer the questions of what has been happening to those funds since all these years?

Lol... Trying to make sense out of this dullard

Las Las all of us are wailers even the so called Bmc zombies has joined the wailers crew

Toothless SERAP

How do they determine if account is dormant? If I deposit my money and have plan to use it in 10 to 15 years time by my arrangement. Then the useless government of Mr Bihari will go and tamper with it considering it to be dormant right!

GamalNasser:
You can't borrow someone's money without the persons permission , doing this is outright armed robbery...Dormant account is a faux there is nothing like that ..No account can be said to be abandoned when all accounts have Next of Kin ...why are banks not informing next of kins as the law suggest

Let’s even know if the interest rate will be attractive. Some might accept. Lol

blinking001:
SERAP should keep their mouths shut. They talk too much. They know nothing about good governance. If borrowing is what's going to make our country move forward then our President must borrow. I'm sure the president Buhari led administration is already working on modalities to pay back these loans. Enough of the wailing already....

Pls educate us on good governance. How has d borrowing so far made d country move forward? In terms of payment, has d govt paid d loans it has already borrowed? If u take someones property without his permission, how is that d same thing as borrowing?

PassingShot:

The govt doesn't have proof they are proceeds of frauds. So, govt can't seize the funds permanently for that reason. However, the supposed owners understand they won't be able to claim the money legally.

Lastly, why don't you answer the questions of what has been happening to those funds since all these years?

The bank owners have been illegally using those funds for their private business and that's why they always refuse to inform next of kin ..we have known of this fraud for years , but why does the govt now want to legitimize it?

blinking001:
SERAP should keep their mouths shut. They talk too much. They know nothing about good governance. If borrowing is what's going to make our country move forward then our President must borrow. I'm sure the president Buhari led administration is already working on modalities to pay back these loans. Enough of the wailing already....

Sorry for this
Buh nah ogun go kill you

Paid idiot

SERAP should go and open kindergarten and start telling kids to what to do because they are just here making noise

PassingShot:

Most of these accounts are having proceeds of frauds.
Also, the banks having these accounts have been profiting from the funds therein over the years, using the funds for business and making huge profits for themselves.

The step being taken by the govt is in order and is in line with other democracies - US, UK, Australia, etc.

How did u determine that d monies in "Most of these accounts are proceeds of frauds"? What is d legal procedure for accessing funds such funds? If banks are making huge profits from dormant funds, it's with d consent of d account holders. If d govt wants to enjoy such, it should open it's own bank

the MAIN PROBLEM IS what will they use the MONEY FOR

lexy2014:


How did u determine that d monies in "Most of these accounts are proceeds of frauds"? What is d legal procedure for accessing funds such funds? If banks are making huge profits from dormant funds, it's with d consent of d account holders. If d govt wants to enjoy such, it should open it's own bank

How are the banks obtaining the consent of the holders of dormant accounts?

Again, this law exists in the saner climes you guys always use as examples. Go read about US, UK, Australia and co.

Buhari and the word borrow are like June and July.

blinking001:
SERAP should keep their mouths shut. They talk too much. They know nothing about good governance. If borrowing is what's going to make our country move forward then our President must borrow. I'm sure the president Buhari led administration is already working on modalities to pay back these loans. Enough of the wailing already....

Look at you.How much have Apc given to you to behave like an animal to the extent of selling your consience.

GamalNasser:


The bank owners have been illegally using those funds for their private business and that's why they always refuse to inform next of kin ..we have known of this fraud for years , but why does the govt now want to legitimize it?

An account that's dormant for 6 years is suggestive of the death of the owner or holding a slush fund.

Either way, the govt is more entitled to it than the banks who are using it to make personal gains. If the govt use such funds to build infrastructures and boost the economy, it's for our common good.

blinking001:
SERAP should keep their mouths shut. They talk too much. They know nothing about good governance. If borrowing is what's going to make our country move forward then our President must borrow. I'm sure the president Buhari led administration is already working on modalities to pay back these loans. Enough of the wailing already....

So you believe taking money from it citizens while they still have their fat salaries intact wil move this country forward?
If they really want the best for this country not their pockets they should cut their huge salaries and stop some unnecessary allowances

PassingShot:

How are the banks obtaining the consent of the holders of dormant accounts?

Again, this law exists in the saner climes you guys always use as examples. Go read about US, UK, Australia and co.

U haven't answered my question:

How did u determine that d monies in "Most of these accounts are proceeds of frauds"? What is d legal procedure for accessing such funds?

When u open an account with a bank, do u give d bank consent to use ur monies for business or not? Or haven't opened a bank account before?

Since u have read d laws in d US, UK, Australia and co, kindly share with us and tell us if those laws are applicable in Nigeria

blinking001:
SERAP should keep their mouths shut. They talk too much. They know nothing about good governance. If borrowing is what's going to make our country move forward then our President must borrow. I'm sure the president Buhari led administration is already working on modalities to pay back these loans. Enough of the wailing already....

And you believe this trash you wrote??

PassingShot:

An account that's dormant for 6 years is suggestive of the death of the owner or holding a slush fund.

Either way, the govt is more entitled to it than the banks who are using it to make personal gains. If the govt use such funds to build infrastructures and boost the economy, it's for our common good.

Every account has Next of Kin there , if an account is dormant for 6 years the right thing to do is try to get in touch with the owner and if the owner can't be reached get in touch with the next of kin and if the next of kin can't also be reached , start the procedure for forfeiting such funds to the state as guided by our laws ...

Nonsense SERAP...

PassingShot:

An account that's dormant for 6 years is suggestive of the death of the owner or holding a slush fund.

Either way, the govt is more entitled to it than the banks who are using it to make personal gains. If the govt use such funds to build infrastructures and boost the economy, it's for our common good.

Passingshyt never fails to amuse us with his upside down logic.

blinking001:
SERAP should keep their mouths shut. They talk too much. They know nothing about good governance. If borrowing is what's going to make our country move forward then our President must borrow. I'm sure the president Buhari led administration is already working on modalities to pay back these loans. Enough of the wailing already....

people like u are d problems of this generation. You have no brain to simply reason that government should find other way to solve the country's problem than stealing from individual that government provides no benefit for. Being able to think of d way to tackle people's problem is what is called leadership. You dummy still support d failed government that can't give palliatives during lockdown to steal from dormant accounts without owner's consent. U are a disgrace .

Weedhustler:
He should also borrow for dead peoples account too.....nonsense govt

Even bokoharam &armruber he should also borrow