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Nairaland Forum / Nairaland / General / Business / Falling Naira: EFCC Raids Bureau De Change Firms (33985 Views)
EFCC Raids Speculators As Naira Drops To $1,520/$ / EFCC Raids Abuja Bureaux De Change Offices / Efcc Raids Mtn Nigeria Head Office Over Share Listing (2) (3) (4)
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Re: Falling Naira: EFCC Raids Bureau De Change Firms by treesun: 12:39pm On Jul 30, 2022 |
Wallade: If you stop BDC, is government ready necessary to provide all the forex needed! |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by Nobody: 12:41pm On Jul 30, 2022 |
Dubaku543: As Tinubu and Atiku are surely going to be the cause of your death. Receive my wish of death, you and your generations. Why is it that you cannot take as much as you give? You support Obi, no problem but there must be problem when I support my own candidates? Who does that? Abi o fe s'oriburuku ni? |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by Elidrisy20: 12:46pm On Jul 30, 2022 |
Na force una want use,to give the naira straight abi? |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by Wallade(m): 12:47pm On Jul 30, 2022 |
treesun: Please read my position well, I didn't say stop BDC. I said CBN and Commercial Banks should stop selling forex to them. There area still other private sources they (BDCs) get forex. If you know how much forex are stored and kept in people's private houses, stores and chambers. You will marvel at it. Ordinarily, wouldn't you sell your dollar to BDC rathers than sell to the commercial banks? BDCs will still be operating in the black market but they will not be able to buy from CBN and Commercial Banks at 420 naira and almost immediately sell in black market at 710 naira. If that practice continues, dollar will soon hit 1,000 naira per dollar. 1 Like |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by Olisehinnocent: 12:51pm On Jul 30, 2022 |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by KingDash: 12:54pm On Jul 30, 2022 |
Just outta curiosity.. can’t we use the dollar to buy things too since the Naira have gon to shit? |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by hacktonet: 1:00pm On Jul 30, 2022 |
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Re: Falling Naira: EFCC Raids Bureau De Change Firms by justjasper(m): 1:00pm On Jul 30, 2022 |
Nonsense EFCC. U don't know ur job. Is this how the economy of a nation is salvaged? Nonsense again |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by SunMusk(m): 1:02pm On Jul 30, 2022 |
Forgot, bureau d change is has corrupt as anything. Though is mostly Northern, who control the majority of the dollar sells in the black market. Buhari just give them power. Even Buhari son works in Bureau de change. They re alot going on ooooo. Illiterate controlling dollars. F4ku: 2 Likes |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by seunayantokun(m): 1:14pm On Jul 30, 2022 |
Money wey dey fly out through land, sea, etc them dey wait for two airports. Tinubu, Atiku, the cabal for Aso Rock, national assembly members, governors, etc dey there them no go raid. Yeyenatu! |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by godofuck231: 1:15pm On Jul 30, 2022 |
Them kk see tinibu , na poor men when de trade be enemy of state , ass holes |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by Owerri1stSon: 1:20pm On Jul 30, 2022 |
Angeldemon: As the done raid there now, dollars go scarce and people with dollars go increase dollars price.These people self lack better sense 1 Like |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by Eriokanmi: 1:21pm On Jul 30, 2022 |
flejnr2:Those you mentioned and more, are the reason for dollar scarcity. Tinubu gave 25k to delegates while atiku gave 50k...and their blind supporters expected them to be father Christmas in aso villa if they have any chance of winning? Common! They'd first recoup their money in multiple folds |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by ufotunang: 1:22pm On Jul 30, 2022 |
Instead of raiding Buhari and APC politcians out of Aso Rock that caused this high dollars exchange rate....a country that is just consuming goods by importing goods..and not producing goods to export in order to earn dollars, politcians spend and waste dollars by sending their children to foreign universities to school, politcians travel abroad for medical treatment in foreign hospitals even Buhari travels to London for medical check-up.. is it not dollars they are spending and wasting over there.... and you are raiding bereau de change instead of arresting politcians that caused all this problems... nawaoooo |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by BiafranPound: 1:28pm On Jul 30, 2022 |
xevove2061:Lebanon and Venezuela are drumming support for us to join their league ![]() |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by BiafranPound: 1:32pm On Jul 30, 2022 |
PARADIZEPRIEST: E be like say head dey pain you Abi? |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by DroppingLiquid: 1:37pm On Jul 30, 2022 |
It's not by raiding though. Yes, EFCC is suppose to be the one in charge of every thing money investigation in Nigeria, but they're going about it the wrong way. There's obviously records of how much dollar leaves the CBN adn how much is in circulation. All they need is to study these records. |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by okeysoninv: 1:37pm On Jul 30, 2022 |
Wallade:They have stopped selling to BDC since last year. |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by Jolite(m): 1:42pm On Jul 30, 2022 |
Are they just knowing what to do? |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by emerged01(m): 1:43pm On Jul 30, 2022 |
Nigeria banks are the backbone of corrupt politicians. |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by Wallade(m): 1:47pm On Jul 30, 2022 |
okeysoninv: That is what CBN stated last year, I hope that is the case in reality. |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by Toredola: 1:49pm On Jul 30, 2022 |
I guess it was the primary election dollar rain that is shooting up the dollar rate now. They mopped up the whole dollars to pay delegates, thereby causing scarcity. |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by owagbeba: 1:50pm On Jul 30, 2022 |
Viscuz: It’s always some stupid intelligence report. They didn’t need to raid. Just get one of Aboki guys to pass you intel on who is the political honcho mopping up dollars... BDC is licensed to sell forex... raiding, if no warrant, creates another illegality that might bring the issue to court; and they will cash out. Stupid! Always going for the fingers... go for the head, damn it! Why do we even have DSS? |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by SQLmastar(m): 1:50pm On Jul 30, 2022 |
OreMI22:The Blackman is an underdeveloped species. Blackman = Homo sapiens Whiteman = Homo sapiens sapiens |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by Wallade(m): 1:54pm On Jul 30, 2022 |
Toredola: If it was only the primary election, the demand for dollars would have eased by now. The main election is coming up in 2023 so they are mopping dollars up as usual to bribe and pervert the system and minds of electorates. The politicians demand for dollars for anticipated spendings during election is also a factor to address. |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by GoodIsGod: 2:49pm On Jul 30, 2022 |
flejnr2: Just imagine. |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by ManOfSon: 2:50pm On Jul 30, 2022 |
Isn't this stvpid? The only reason the naira is on a free fall is because Nigeria's econmy is almost totally import dependent - we sell nothing and import almost everything. You don't solve that by raiding bureau de change. Movons! |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by preciousnobel(m): 2:51pm On Jul 30, 2022 |
Naija ehn! God no go shame us! I am buying facebook accounts at 1500. If you have old FB account that can be used to run adverts/eccormerce message me on WhatsApp 0.8.1.45.80.54.99 |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by faithfull18(f): 2:51pm On Jul 30, 2022 |
Lol, too much comedians in this country. |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by AFONJAPIG(m): 2:59pm On Jul 30, 2022 |
Tulumbu house nko ![]() |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by chigoizie7(m): 3:11pm On Jul 30, 2022 |
Over the past few days, Nigeria cases has been different. Why? Because politicians took out dollar from legal markets at a very minimal rates. Then shared the millions of the physical dollar bills to individuals who now went to black markets to exchange it because the rates are so high. Now all the dollar bills are in the hands of black marketers. The fact being that they bought out almost all the dollar from banks, legal financial institutions doesn’t have enough to give to legit businesses that truly needs it or students schooling abroad. Every these categories of people turned to black market to buy it. The deman for dollar at the black market went up so high because the banks don’t have it. You know the saying “ the higher the demand, the higher the price”, they started selling to the highest bidder. All over the world, no country allows foreign currency to be spent and used as a legal tender in a country that has its own local currency. But the buhari administration allowed it. In sane and countries where the law works, these politicians should have been in jails. But buhari allowed it under his watch. So the case of Nigeria is not a global thing, it was a clear case of incompetency and impunities. |
Re: Falling Naira: EFCC Raids Bureau De Change Firms by Redman44(m): 3:18pm On Jul 30, 2022 |
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