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EPL Chatroom - All Discussions - European Football (EPL, UEFA, La Liga) (290) - Nairaland

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EPL: Huddlesfield Town Vs Manchester City (full time) 1-2 / EPL: Weekend's Results, Updated Premier League Table And Top Scorers / EPL: Five Things We Learnt From The English Premier League This Weekend (2) (3) (4)

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Re: EPL Chatroom - All Discussions by PandoraObi: 2:40pm On Aug 17, 2022
donjazet:


You know, I saw a comment on a thread today and I just couldn't help but feel that it was addressing you.

On second thought, it might actually be you. We know how easy it is for you to open new monikers and spread your hate. From this account, to dayokanu to sleekdot, all filled with the most evil and darkest of hatred towards your fellow countrymen.

Now you've been unmasked fully, it calls to bear that you might have just sneaked into a new moniker (pandoraobi) in order to continue your tribal wars and campaign of hate and calumny because we all know you would rather die than live to see a person with "Igbo blood" become a Nigerian president.

I hope you hang yourself when obi wins, like some rabid white supremacist racists did when Obama became president.
What do I have to do with sport or your family, please leave me out of your folly

3 Likes

Re: EPL Chatroom - All Discussions by Ibukzy: 2:58pm On Aug 17, 2022
grin

5 Likes

Re: EPL Chatroom - All Discussions by Theflint1(m): 3:58pm On Aug 17, 2022
Tinubu meets with Obasanjo

Re: EPL Chatroom - All Discussions by Oasis007(m): 4:07pm On Aug 17, 2022
Theflint1:
Tinubu meets with Obasanjo

cool

Re: EPL Chatroom - All Discussions by Oasis007(m): 4:12pm On Aug 17, 2022
Re: EPL Chatroom - All Discussions by Oasis007(m): 4:14pm On Aug 17, 2022
cool

Small part of the BAT Structure.

1 Like

Re: EPL Chatroom - All Discussions by Theflint1(m): 4:15pm On Aug 17, 2022
All bad optics cheesy cheesy cheesy
Oasis007:


cool
Re: EPL Chatroom - All Discussions by Theflint1(m): 4:17pm On Aug 17, 2022
See as dem dey guide the man from all directions...wonder what they're hiding? cheesy

Make campaign start proper sha, they can't do this nonsense forever.
Oasis007:
grin



BAT na una mate..... make Campaign official start fess.


https://twitter.com/dabiodunMFR/status/1559879298844344320?t=8KE8IseNoKJpRkEj-ByuQA&s=19
Re: EPL Chatroom - All Discussions by Oasis007(m): 4:19pm On Aug 17, 2022
HUSHPUPPI AND DAVID HUNDEYIN

Shawana Nakesia Chapman is NOT Hushpuppi’s wife. Several documents were forged and others used to mislead the public about Hushpuppi. Writer David Hundeyin was hired to do the work. David added Shawana to Hushpuppi’s Wikipedia profile.

Hundeyin pushed LIES out to bloggers that Shawana was from St Kitts and Nevis and married Hushpuppi who got a citizenship from that marriage. At that point David wanted to push a false global narrative that FAILED. Gal Pissetzky the former lawyer fell 4 the narrative not the FBI.

Eventually it was the Qatari businessman Hushpuppi defrauded of $1.1M that would expose the St Kitts and Nevis passport Nigerian bloggers fielded under Hundeyin’s FALSE narrative. It was an investment passport Hushpuppi purchased with $150,000 out of the stolen money.

- Kemi Olunloyo

2 Likes

Re: EPL Chatroom - All Discussions by Oasis007(m): 4:21pm On Aug 17, 2022
........That passport has since been REVOKED 2021 as the news of Hushpuppi arrested for massive fraud was exposed 2020. St Kitts did not want an international fraudster holding their passport. Hundeyin then turned to me abusing me all over the place to foreign journalists. Many told me they were all looking for me after my highly acclaimed ARISEtv interview on Hushpuppi. A source at the station confirmed to me that he was upset and wanted to do the analysis.

Hundeyin also confessed on SirKB’s show questioning why they had a delusional woman on their show Hundeyin called me a delusional woman with fbi sources unknown to him that I worked alongside the FBI as an investigative journalist in America. A journalist who took brown envelopes to alter a Wikipedia profile. Hundeyin is a crafty, mischievous human.

Hushpuppi GOT NO BAIL. The plan was to get Hushpuppi BAIL during his first hearing after extradition to the United States. I broke the story of his arrest and extraordinary rendition to America. This is the genesis of my beef with this young man. He was paid by Hushpuppi’s people to edit that Wikipedia page.

- Kemi Olunloyo

2 Likes

Re: EPL Chatroom - All Discussions by Oasis007(m): 4:23pm On Aug 17, 2022
Theflint1:
See as dem dey guide the man from all directions...wonder what they're hiding? cheesy

Make campaign start proper sha, they can't do this nonsense forever.

cool cool cool
Re: EPL Chatroom - All Discussions by Oasis007(m): 4:25pm On Aug 17, 2022
FEMCO monetized the EndSARS cause and distributed cash to BUY PETROL for protesters after giving them Chicken and pizza. Buhari had already DISBANDED SARS. We had a 5for5 agreement and suddenly they started chanting endbadgovernance, EndNigeria. They had another AGENDA.

- Kemi Olunloyo

Re: EPL Chatroom - All Discussions by Oasis007(m): 4:27pm On Aug 17, 2022
There was NO MASSACRE at Lekki Toll Gate

After 2 years CAN’T find one family member of anyone the military killed and carted away. Listen to my documentary 419massacre. The protesters were insurrectionists who destroyed Lagos after they were dispersed by the army.

- Kemi Olunloyo

2 Likes

Re: EPL Chatroom - All Discussions by Oasis007(m): 4:29pm On Aug 17, 2022
UPDATE

David Hundeyin officially BANNED from appearing on Arise news. He consistently gave them false information and narratives. It is very important to field correct narratives when being an expert on a topic with BIG audiences. I teach my students this at 2222 Media School.

- Kemi Olunloyo

1 Like

Re: EPL Chatroom - All Discussions by Amoto94(m): 4:49pm On Aug 17, 2022
ENOUGH OF WILD GUESSES - CLEANING BLACK MONEY IN NIGERIA AS AN URGENT NATIONAL IMPERATIVE

By : *TOPE FASUA*

I was going to really join issues with one of Nigeria’s top economists and member of the president’s economic advisory committee – Mr. Bismarck Rewane. But I will now tone things down a little because he’s been out calling for those who have taken his presentations out of context to correct themselves. But I doubt if he was really taken out of context. Mr. Rewane does this monthly presentation at Nigeria’s ultra-right foremost business school where they have always pushed out neo-liberal economic ideas and influenced policy in Nigeria. Lately he was on Arise TV pushing his views. And indeed, the numbers that have been quoted – the so-called 200% over-valuation of the Nigerian Naira, and the need to devalue next month – were taken verbatim from his recent presentations.

So, my challenge to the gentleman is where and how did he come up with the idea of 200% overvaluation? I have been singularly fighting these wild guesses from guys who like to repeat them because it curiously gives them a sense of intelligence. Mr Rewane is an authority in his own right, and he has track record behind him. But if he makes such claims without logically backing up empirically, he may singularly plunge Nigeria into a rolling economic crisis. It sounds elegant to quote all these figures and conjure up tangential theories to back it up. But guys like Rewane have a coterie of disciples who believe everything he utters and act on them. In fact, the government of Nigeria laps up whatever he says. I have seen elsewhere when – while Kemi Adeosun was Minister of Finance – and the economy went into downturn, the lethargic President Buhari had called for advice from the nation’s top economists and Mr Rewane called for the establishment of a second AMCON to take over new bad loans from banks and help them restructure while their balance sheets are once again lightened using taxpayers’ money. I was aghast!

If Mr Rewane says the Naira is overvalued by 200% and the Naira is today at N430 officially, this means the Naira should tumble over twice… to 430*3, which is N1,290 to the US Dollar. Now, we know the Naira could never be a match for the dollar. But as I’ve tried to explain several times, the solution does not lie is summary and harebrained devaluations of the currency just because we are trying to fulfil the precepts of some textbooks written under and for different contexts, environments, and evidences. Such actions will be totally academic, and destructive. It is how we got here since 1986. Our industries are still basic and comatose. Devaluation did not help us. It has made our lives more difficult, made millions more of our people jobless, shut down our industries even as we opened up for foreign investors, and taken us into a spiral of hopelessness and underproductivity whereby we are expecting even more devaluation and actually now calling for it.

What Mr Rewane has done by that statement or presentation, is to force the hands of the Nigerian monetary authorities to devalue the currency. He has enabled speculators and arbitrageurs to consolidate their positions against the Naira. Remember that even in Hollywood they have acted a movie about the prospects of the Naira. In that series (Billions, Episode 5), a fictional Central Bank of Nigeria governor told his American friend that he intended to devalue the Naira. As financial markets people, the American and his friend got together, borrowed huge amounts of money from Nigerian banks, bought dollars in the open markets and everywhere they could find, and by the time the Naira was devalued, they made a princely $5 billion. This profit had nothing to do with Nigeria’s productivity or international trade. No goods exchanged hands. And this is what most Nigerians who have the wherewithal did a couple of weeks ago when the Naira dropped to an all-time-low of N716 to the US Dollar. The market had cooled down some (to about N630 in some places), when Mr Rewane dropped this new bombshell, that Naira was/is 200% overvalued. I repeat that the metrics and rationale used to arrive at that number is totally random, academic, and unfounded, just as the Agusto and Co position that we should devalue Naira yearly by the difference between the inflation rates in the two countries (crawling peg). Note too that whereas we seem tethered to the US Dollar, the USA as a country is not among our 5 top trade partners. Why the fixation with the dollar?

I have disagreed with everyone who throws this idea that the naira is overvalued – include VP Osinbajo. Indeed, we know that productivity and complexity-wise, the American economy is a world ahead of the Nigerian economy, we seem to be the only country in the world where the entire citizens are obsessed with this difference with a view to dump their local currency. Dozens of other countries are aware but are more obsessed with catching up in terms of sophistication and complexity of what they produce than running away from their currency. The UK for one is losing grounds against the Dollar. In truth, the UK economy is smaller, less complex, less sophisticated and less productive in general compared with the US. I was in Felixstowe Ports in Ipswich, UK in 2009 or so, and it was miles upon miles of empty containers they were battling to ship out of the UK. The UK admittedly imports much more than it exports. They are trying to force themselves to be stronger that is why they did Brexit. Ordinarily, given the theories in the books, the GB Pounds is supposed to be much weaker than the US Dollar, maybe 20 to one. But the UK will never dare it. Today it is still strong ($1.3= 1GBP). This position of mine is open to challenge from Messrs Rewane, Osinbajo and anyone else who believes in their position. And also, I have always educated whoever cares to listen that we should avoid self-fulfilling prophecies which precipitate currency crises. It is even worse, indeed egregious and unacceptable, when top leaders of a country including members of economic advisory councils are the ones unleashing this debilitating damage on their nation’s currency, thereby creating unnecessary inflation which impoverishes millions of people. In serious countries they should be resigning their positions. But then, this is Nigeria. We don’t care. They even have thousands of self-maximizing vuvuzelas.

THE GOVERNORS’ 33 SUGGESTIONS TO BUHARI

Talking of being selfish – because all these guys who ask for the Naira to be devalued are such that hold heavy positions in the US Dollar, home and abroad. Osinbajo’s son was seen spending dollars at Yusuf Buhari’s wedding and another one was lecturing us about how much dollar he could make from trading cryptocurrencies (which have now generally crashed 80%, with some liquidating totally). When such people make such statements, it is akin to inside trading – a financial crime. Because if indeed the Naira is devalued, they cash out bigly.

The governors allegedly put out 33 advices or suggestions to President Buhari since July. These suggestions came out during the week. Some make sense, but most were rubbish. Coming at such a time, it is obvious that the governors – if they indeed brought out these suggestions – were taking the piss, as the Brits would say. They suddenly woke up from their slumber, having maxed out on their power, their enjoyment and consolidated their financial positions to tell the president to pay off any civil servant over 50 years old. Most of the governors are over 50 years, so they too should resign forthwith, right? Are they not also purportedly working for the country? They told the president to immediately remove the fuel subsidy – and thereby create maybe 300% inflation which will have people on the streets rioting. Whoever suggested that is a maniac. They also said the government should suspend planned increases in civil servants salaries – increases that were planned to help these workers cope inflation which could really already be as high as 40%. I laughed out loud when they suggested that the N19 trillion CBN exposure through ways and means to the Federal Government should be converted to 100 years bond at 1%. Who will buy that crap at such a rate? Delusion indeed. Whoever it is that wrote the suggestions – because I don’t think it could have come from the governors – also suggested immediate increase of VAT to 10% with a view to targeting 20% shortly. The person is indeed maniacal, as he suggested that everybody – even poor people earning nothing or N30,000 be taxed going forward. They suggested minimum taxes of N100 be deducted from the phone balances of people by government no matter what they earn – even those who depend on donations from friends and family. Imagine that!

None of the suggestions considered what the elites could contribute. No mansion taxes. No property taxes. No luxury taxes. No increases in the taxes of those who already earn a lot. The governors and their friends are to contribute nothing. Nothing on capital gains taxes. So, do not be surprised that the average Nigerian is great at telling others what to do, never what he too could contribute to saving a dying nation. Everyone is interested in maintaining their own class advantage. God help us.

GOING AFTER BLACK MONEY – A NATIONAL IMPERATIVE
From my own angle, whereas we should get stricter with taxes – and incorporate the ones I mentioned above among others – we should also as a matter of national urgency, go after black money. This should be a national imperative and is already so late in coming. Nigeria has serious problems with corruption and bribery, stealing from government, kidnapping, embezzlement and privateering of collective resources, money laundering, drug trafficking and trading, prostitution and other such underground crimes and what have you. This means that we must constantly clean our system. I am however not sure anything has been done in this regard since the return to democracy in 1999.

Meanwhile, many countries without half our problems are moving right ahead in cleaning out black money and ensuring the following advantages for themselves:

1. Ensuring most of their money supply reside in the banking system so that banks can be liquid and lend to the real sector
2. Reducing the influence of the crime economy and making it less attractive for citizens and foreigners to get involved in crimes because they cannot power illicit funds through the system
3. Reducing cash in people’s homes and therefore vulnerability to crimes
4. Making it harder for currency forgers through innovation
5. Knocking out corruption in a big way by reducing cash slushing around the country

India did this in 2016 and 2017. They targeted high-denomination money which the government believed were being stashed in different places, proceeds of corruption and crime and criminality. The government of India was able to clean out R15.4 Lakh Crore (equivalent of $26 billion). Another such amount may have been permanently lost by those who could not exchange their money within set time.

As we speak, the UK has set a deadline for those holding the old 20 and 50 bank notes (their highest notes), to change by September 30, 2022 or lose the money forever. The Americans also change the $100 note from time to time. Many Nigerians who hoard the old dollar lose out bigly when this is done. Also right now, the UAE has changed some of her currency notes into polymer and phased out old ones. Polymer looks to be the new preference. It is usually not very convenient to carry around in large sums. And it is much tougher to counterfeit. The world is de-materializing cash, and in many places it is now odd to carry cash or even card. With your phone, or even a chip in your body, you can do banking transactions.

This initiative is very critical to Nigeria more than all these unnecessary speculations that is putting everyone in trouble. We need to get our minds collectively away from speculating about the Naira and putting ourselves in trouble. Any leader that cannot commit to this cannot start the war against corruption. The idea is to first de-democratize corruption and make it more difficult for anyone to get involved. Today, Nigerians are involved in corruption and sundry criminality because they have seen that our government is a joke. This effort will then be complimented with a major reorientation program and constant repetition of what we intend to achieve with our nation. It will be great of Buhari can try this, and therefore firm up Naira value a bit before he leaves. If he doesn’t, the next government should seize the initiative. People will fight back. But this is a war for and on behalf of the oppressed millions.

People stashing naira at home (in septic tanks and so on), should be made to bring the money back into the banking sector or lose them. Those who are sitting on dollars must be made to sell to government at a handsome premium while government incentivizes the ‘Mallams’ who stand on roads to find another profession. By a systematic approach to clean up the system, and ensure only officially recognized BDCs are in that space, the gap between the two markets should close and Nigerians should even stop talking about ‘black market’. The CBN should also be able to haul in so much dollars and therefore get more efficient in meeting legitimate transactions. Serious sanctions should also be meted against black market dollar trading such as to make it no longer tenable for anyone to get involved. All BDC transactions should also be backed with documentation as is done everywhere in the world.

Nigeria must rise.

1 Like

Re: EPL Chatroom - All Discussions by Theflint1(m): 5:06pm On Aug 17, 2022
A balanced and realistic take on things, I especially liked that part on going after black money.
Amoto94:
ENOUGH OF WILD GUESSES - CLEANING BLACK MONEY IN NIGERIA AS AN URGENT NATIONAL IMPERATIVE

By : *TOPE FASUA*

I was going to really join issues with one of Nigeria’s top economists and member of the president’s economic advisory committee – Mr. Bismarck Rewane. But I will now tone things down a little because he’s been out calling for those who have taken his presentations out of context to correct themselves. But I doubt if he was really taken out of context. Mr. Rewane does this monthly presentation at Nigeria’s ultra-right foremost business school where they have always pushed out neo-liberal economic ideas and influenced policy in Nigeria. Lately he was on Arise TV pushing his views. And indeed, the numbers that have been quoted – the so-called 200% over-valuation of the Nigerian Naira, and the need to devalue next month – were taken verbatim from his recent presentations.

So, my challenge to the gentleman is where and how did he come up with the idea of 200% overvaluation? I have been singularly fighting these wild guesses from guys who like to repeat them because it curiously gives them a sense of intelligence. Mr Rewane is an authority in his own right, and he has track record behind him. But if he makes such claims without logically backing up empirically, he may singularly plunge Nigeria into a rolling economic crisis. It sounds elegant to quote all these figures and conjure up tangential theories to back it up. But guys like Rewane have a coterie of disciples who believe everything he utters and act on them. In fact, the government of Nigeria laps up whatever he says. I have seen elsewhere when – while Kemi Adeosun was Minister of Finance – and the economy went into downturn, the lethargic President Buhari had called for advice from the nation’s top economists and Mr Rewane called for the establishment of a second AMCON to take over new bad loans from banks and help them restructure while their balance sheets are once again lightened using taxpayers’ money. I was aghast!

If Mr Rewane says the Naira is overvalued by 200% and the Naira is today at N430 officially, this means the Naira should tumble over twice… to 430*3, which is N1,290 to the US Dollar. Now, we know the Naira could never be a match for the dollar. But as I’ve tried to explain several times, the solution does not lie is summary and harebrained devaluations of the currency just because we are trying to fulfil the precepts of some textbooks written under and for different contexts, environments, and evidences. Such actions will be totally academic, and destructive. It is how we got here since 1986. Our industries are still basic and comatose. Devaluation did not help us. It has made our lives more difficult, made millions more of our people jobless, shut down our industries even as we opened up for foreign investors, and taken us into a spiral of hopelessness and underproductivity whereby we are expecting even more devaluation and actually now calling for it.

What Mr Rewane has done by that statement or presentation, is to force the hands of the Nigerian monetary authorities to devalue the currency. He has enabled speculators and arbitrageurs to consolidate their positions against the Naira. Remember that even in Hollywood they have acted a movie about the prospects of the Naira. In that series (Billions, Episode 5), a fictional Central Bank of Nigeria governor told his American friend that he intended to devalue the Naira. As financial markets people, the American and his friend got together, borrowed huge amounts of money from Nigerian banks, bought dollars in the open markets and everywhere they could find, and by the time the Naira was devalued, they made a princely $5 billion. This profit had nothing to do with Nigeria’s productivity or international trade. No goods exchanged hands. And this is what most Nigerians who have the wherewithal did a couple of weeks ago when the Naira dropped to an all-time-low of N716 to the US Dollar. The market had cooled down some (to about N630 in some places), when Mr Rewane dropped this new bombshell, that Naira was/is 200% overvalued. I repeat that the metrics and rationale used to arrive at that number is totally random, academic, and unfounded, just as the Agusto and Co position that we should devalue Naira yearly by the difference between the inflation rates in the two countries (crawling peg). Note too that whereas we seem tethered to the US Dollar, the USA as a country is not among our 5 top trade partners. Why the fixation with the dollar?

I have disagreed with everyone who throws this idea that the naira is overvalued – include VP Osinbajo. Indeed, we know that productivity and complexity-wise, the American economy is a world ahead of the Nigerian economy, we seem to be the only country in the world where the entire citizens are obsessed with this difference with a view to dump their local currency. Dozens of other countries are aware but are more obsessed with catching up in terms of sophistication and complexity of what they produce than running away from their currency. The UK for one is losing grounds against the Dollar. In truth, the UK economy is smaller, less complex, less sophisticated and less productive in general compared with the US. I was in Felixstowe Ports in Ipswich, UK in 2009 or so, and it was miles upon miles of empty containers they were battling to ship out of the UK. The UK admittedly imports much more than it exports. They are trying to force themselves to be stronger that is why they did Brexit. Ordinarily, given the theories in the books, the GB Pounds is supposed to be much weaker than the US Dollar, maybe 20 to one. But the UK will never dare it. Today it is still strong ($1.3= 1GBP). This position of mine is open to challenge from Messrs Rewane, Osinbajo and anyone else who believes in their position. And also, I have always educated whoever cares to listen that we should avoid self-fulfilling prophecies which precipitate currency crises. It is even worse, indeed egregious and unacceptable, when top leaders of a country including members of economic advisory councils are the ones unleashing this debilitating damage on their nation’s currency, thereby creating unnecessary inflation which impoverishes millions of people. In serious countries they should be resigning their positions. But then, this is Nigeria. We don’t care. They even have thousands of self-maximizing vuvuzelas.

THE GOVERNORS’ 33 SUGGESTIONS TO BUHARI

Talking of being selfish – because all these guys who ask for the Naira to be devalued are such that hold heavy positions in the US Dollar, home and abroad. Osinbajo’s son was seen spending dollars at Yusuf Buhari’s wedding and another one was lecturing us about how much dollar he could make from trading cryptocurrencies (which have now generally crashed 80%, with some liquidating totally). When such people make such statements, it is akin to inside trading – a financial crime. Because if indeed the Naira is devalued, they cash out bigly.

The governors allegedly put out 33 advices or suggestions to President Buhari since July. These suggestions came out during the week. Some make sense, but most were rubbish. Coming at such a time, it is obvious that the governors – if they indeed brought out these suggestions – were taking the piss, as the Brits would say. They suddenly woke up from their slumber, having maxed out on their power, their enjoyment and consolidated their financial positions to tell the president to pay off any civil servant over 50 years old. Most of the governors are over 50 years, so they too should resign forthwith, right? Are they not also purportedly working for the country? They told the president to immediately remove the fuel subsidy – and thereby create maybe 300% inflation which will have people on the streets rioting. Whoever suggested that is a maniac. They also said the government should suspend planned increases in civil servants salaries – increases that were planned to help these workers cope inflation which could really already be as high as 40%. I laughed out loud when they suggested that the N19 trillion CBN exposure through ways and means to the Federal Government should be converted to 100 years bond at 1%. Who will buy that crap at such a rate? Delusion indeed. Whoever it is that wrote the suggestions – because I don’t think it could have come from the governors – also suggested immediate increase of VAT to 10% with a view to targeting 20% shortly. The person is indeed maniacal, as he suggested that everybody – even poor people earning nothing or N30,000 be taxed going forward. They suggested minimum taxes of N100 be deducted from the phone balances of people by government no matter what they earn – even those who depend on donations from friends and family. Imagine that!

None of the suggestions considered what the elites could contribute. No mansion taxes. No property taxes. No luxury taxes. No increases in the taxes of those who already earn a lot. The governors and their friends are to contribute nothing. Nothing on capital gains taxes. So, do not be surprised that the average Nigerian is great at telling others what to do, never what he too could contribute to saving a dying nation. Everyone is interested in maintaining their own class advantage. God help us.

GOING AFTER BLACK MONEY – A NATIONAL IMPERATIVE
From my own angle, whereas we should get stricter with taxes – and incorporate the ones I mentioned above among others – we should also as a matter of national urgency, go after black money. This should be a national imperative and is already so late in coming. Nigeria has serious problems with corruption and bribery, stealing from government, kidnapping, embezzlement and privateering of collective resources, money laundering, drug trafficking and trading, prostitution and other such underground crimes and what have you. This means that we must constantly clean our system. I am however not sure anything has been done in this regard since the return to democracy in 1999.

Meanwhile, many countries without half our problems are moving right ahead in cleaning out black money and ensuring the following advantages for themselves:

1. Ensuring most of their money supply reside in the banking system so that banks can be liquid and lend to the real sector
2. Reducing the influence of the crime economy and making it less attractive for citizens and foreigners to get involved in crimes because they cannot power illicit funds through the system
3. Reducing cash in people’s homes and therefore vulnerability to crimes
4. Making it harder for currency forgers through innovation
5. Knocking out corruption in a big way by reducing cash slushing around the country

India did this in 2016 and 2017. They targeted high-denomination money which the government believed were being stashed in different places, proceeds of corruption and crime and criminality. The government of India was able to clean out R15.4 Lakh Crore (equivalent of $26 billion). Another such amount may have been permanently lost by those who could not exchange their money within set time.

As we speak, the UK has set a deadline for those holding the old 20 and 50 bank notes (their highest notes), to change by September 30, 2022 or lose the money forever. The Americans also change the $100 note from time to time. Many Nigerians who hoard the old dollar lose out bigly when this is done. Also right now, the UAE has changed some of her currency notes into polymer and phased out old ones. Polymer looks to be the new preference. It is usually not very convenient to carry around in large sums. And it is much tougher to counterfeit. The world is de-materializing cash, and in many places it is now odd to carry cash or even card. With your phone, or even a chip in your body, you can do banking transactions.

This initiative is very critical to Nigeria more than all these unnecessary speculations that is putting everyone in trouble. We need to get our minds collectively away from speculating about the Naira and putting ourselves in trouble. Any leader that cannot commit to this cannot start the war against corruption. The idea is to first de-democratize corruption and make it more difficult for anyone to get involved. Today, Nigerians are involved in corruption and sundry criminality because they have seen that our government is a joke. This effort will then be complimented with a major reorientation program and constant repetition of what we intend to achieve with our nation. It will be great of Buhari can try this, and therefore firm up Naira value a bit before he leaves. If he doesn’t, the next government should seize the initiative. People will fight back. But this is a war for and on behalf of the oppressed millions.

People stashing naira at home (in septic tanks and so on), should be made to bring the money back into the banking sector or lose them. Those who are sitting on dollars must be made to sell to government at a handsome premium while government incentivizes the ‘Mallams’ who stand on roads to find another profession. By a systematic approach to clean up the system, and ensure only officially recognized BDCs are in that space, the gap between the two markets should close and Nigerians should even stop talking about ‘black market’. The CBN should also be able to haul in so much dollars and therefore get more efficient in meeting legitimate transactions. Serious sanctions should also be meted against black market dollar trading such as to make it no longer tenable for anyone to get involved. All BDC transactions should also be backed with documentation as is done everywhere in the world.

Nigeria must rise.
Re: EPL Chatroom - All Discussions by Skimpledawg(m): 5:10pm On Aug 17, 2022
izzou:
This seems to be a week of canceling bets

Larride, can we discuss for a minute, please? grin

I no dey fear oh. I just tire for the bet
Abeg, put me up to speed. Who cancelled bet?
Re: EPL Chatroom - All Discussions by seankafor(m): 5:35pm On Aug 17, 2022
Oasis007:
grin



BAT na una mate..... make Campaign officially start fess.


https://twitter.com/dabiodunMFR/status/1559879298844344320?t=8KE8IseNoKJpRkEj-ByuQA&s=19
I see bat more like autocratic kinda personality..

He is the type that lets you do the talk while he does the walk..

What attracts me to him more is his calm but conservative strategy..

You know a person that you'd underate, but on the d day, he serves it to you as em dey hot..

I personally see this election as his to loose..

Forget about sentiments and media outcry.. politics everywhere has always been a game..
I think he has all in his arsenal to bulldoze his way through.. like he has always been

But honestly, I'll like to see how the likes of obi and atiku can slug it out gamewise through strategies and alliances..

I don't like people that talk too much, people that speak too much English.. these kind of people are only good on the social media..

Zelensky
Osibanjo
Peter obi..

These people has one thing in common, talk, talk, and talks and sound intelligent online..

Life is more than talking.. you have to walk to the talk, you have to pay dues, play underground and sometimes show what you are made of..

I'll like to lay stand by and watch how this game plays out.. it'd be a lot of fun for me

9 Likes 1 Share

Re: EPL Chatroom - All Discussions by ribbit: 6:25pm On Aug 17, 2022
seankafor:
I see bat more like autocratic kinda personality..

He is the type that lets you do the talk while he does the walk..

What attracts me to him more is his calm but conservative strategy..

You know a person that you'd underate, but on the d day, he serves it to you as em dey hot..

I personally see this election as his to loose..

Forget about sentiments and media outcry.. politics everywhere has always been a game..
I think he has all in his arsenal to bulldoze his way through.. like he has always been

But honestly, I'll like to see how the likes of obi and atiku can slug it out gamewise through strategies and alliances..

I don't like people that talk too much, people that speak too much English.. these kind of people are only good on the social media..

Zelensky
Osibanjo
Peter obi..

These people has one thing in common, talk, talk, and talks and sound intelligent online..

Life is more than talking.. you have to walk to the talk, you have to pay dues, play underground and sometimes show what you are made of..

I'll like to lay stand by and watch how this game plays out.. it'd be a lot of fun for me
well said.

intelligent people actually don't talk too much. They let their work speak for them.

Have you seen motivational speaker that actually invent game changing thing?
The highest is to write book about game changing stuff intelligent people invented to motivate other people and cash out. grin

6 Likes 1 Share

Re: EPL Chatroom - All Discussions by Ibukzy: 6:40pm On Aug 17, 2022
Why does BAT looks older than OBJ undecided

1 Like

Re: EPL Chatroom - All Discussions by raumdeuter: 6:43pm On Aug 17, 2022
When they tell you about tribalism remind them of this


In his first post-election interview, senator-elect and former Governor of Anambra State, Dr. Chris Ngige described the negative campaign waged against him by the trio of Gov. Peter Obi, Mrs. Dora Akunyili and APGA chairman, Mr. Victor Umeh as vicious and hypocritical. Dr. Ngige took exception at the attempt by Gov. Obi and Dora Akunyili to paint his party, the Action Congress of Nigeria (ACN) as a Yoruba party.


So how could Peter Obi and Dora Akunyili (a Minister in charge of “rebranding” Nigeria) tag ACN a “Yoruba party”? Don’t forget that the ACN that is in power in Lagos State appointed an Igbo man from Anambra State (Ben Akabueze) as its Commissioner for Economic Development. Peter Obi, who is in the forefront of this cheap campaign, has 95% of his businesses located in Lagos and made all his money as a “Lagos-based” business tycoon. The billions of naira he claimed to have made as a businessman were substantially made in Lagos, the heartland of Yorubaland. So to answer your question, ACN is not a Yoruba party. It is a party for “doers” and “performers.” Today, the party has secured more seats in Anambra, Imo, Akwa-Ibom, Benue, Taraba, Jigawa and Cross River States in the legislative elections.”

https://saharareporters.com/2011/05/09/nigeria-newsday-exclusive-dora-akunyili-gov-peter-obi-are-hypocrites%E2%80%93-dr-chris-ngige
Re: EPL Chatroom - All Discussions by BlaqFaze: 6:51pm On Aug 17, 2022
Peter will not win Anambra State
Re: EPL Chatroom - All Discussions by Segedinho(m): 6:54pm On Aug 17, 2022
raumdeuter:


Were you abandoned early in life? That you seek validation all over the web

Hey my brother XXYYzz I see you have not declared, who are you supporting?

Who did this to you? What sort of inferiority complex is this? I have never seen that much insecurity before

I told you to stop quoting me but you continue to seek validation. I am not looking to adopt a pet. There are few people who adore you. I hope so. so stick to them. Though you have shared stories of how your GF abandoned you, family abandoned you and a girl tried to drop an unwanted pregnancy on you and every misfortune that can come on a man like the 10 plagues of Egypt

Its obvious something is wrong with you. Something about your soul stinks and repel people. To some admiration comes naturally. To you its repulsion that you exude everytime

There is a reason horrible things keep happening to you, its rejection from everywhere. Even from parties with no structure. You have memorized all my monikers, you have memorized all the lifestyle of niiihilist, and others on this forum what they shared and what they didn't yet no one cares about you because you are an insecure, ignorant, whiny, fooolish, brainless molusc, you have the nous of a millipede. the wits of a pubic louse, the intelligence of a sloth

Everything about you is repulsive, even when you wear lipstick, tie ropes round your neck, rub oil on your body. The funny thing about life is that you cannot photoshop your misfortune away

wch kind machine gun be this

na wah
Re: EPL Chatroom - All Discussions by seankafor(m): 7:02pm On Aug 17, 2022
Segedinho:


wch kind machine gun be this

na wah
that one is what we call
AA ( ANTI AIRCRAFT) grin

1 Like

Re: EPL Chatroom - All Discussions by Singapore1(m): 7:04pm On Aug 17, 2022
BlaqFaze:
Peter will not win Anambra State
he will obviously win. 100% but his highest vote will come from Lagos and Benin

2 Likes

Re: EPL Chatroom - All Discussions by larride(m): 7:37pm On Aug 17, 2022
Re: EPL Chatroom - All Discussions by larride(m): 7:39pm On Aug 17, 2022
Singapore1:

he will obviously win. 100% but his highest vote will come from Lagos and Benin

grin grin grin grin grin
Re: EPL Chatroom - All Discussions by seankafor(m): 7:46pm On Aug 17, 2022
ribbit:
well said.

intelligent people actually don't talk too much. They let their work speak for them.

Have you seeing motivational speaker that actually invent game changing things?
The highest is to write book about game changing stuff intelligent people invented to motivate other people and cash out. grin
I am catholic by birth, although I don't practice religion but I still have allegiance to catholicism and Christianity

The head of the church which is the pope is more older and disabled , infact the pope can not walk properly without the aid of a wheelchair..

Yet he rules over millions of Catholics from Rome .

When he dishes out orders, it is been followed to the latest..

I think age argument of tinubu is flawed on arrival.. he controls his minions and as well can govern the country from anywhere he is.. so far as he is Alive

I know some people will be saying, why compare religion to a country? BLA BLA BLA

But I say, there is no much difference undecided

Angel Merkel former German pm was an old lady.. a woman for that matter, dishing out orders amongst men and her orders been carried out to the latest..

Gorvrnance isn't a fist fight.. if it is, gueni president would have bodied every president in the whole world and maybe make gueni a first world country

3 Likes 2 Shares

Re: EPL Chatroom - All Discussions by iamoyindamola(m): 7:50pm On Aug 17, 2022
PHCN have joined strike
Which kind life be this sef
Re: EPL Chatroom - All Discussions by raumdeuter: 8:16pm On Aug 17, 2022
Ha ha ha

6 Likes 1 Share

Re: EPL Chatroom - All Discussions by nihilistjnr: 8:22pm On Aug 17, 2022
raumdeuter:


Were you abandoned early in life? That you seek validation all over the web

Hey my brother XXYYzz I see you have not declared, who are you supporting?

Who did this to you? What sort of inferiority complex is this? I have never seen that much insecurity before

I told you to stop quoting me but you continue to seek validation. I am not looking to adopt a pet. There are few people who adore you. I hope so. so stick to them. Though you have shared stories of how your GF abandoned you, family abandoned you and a girl tried to drop an unwanted pregnancy on you and every misfortune that can come on a man like the 10 plagues of Egypt

Its obvious something is wrong with you. Something about your soul stinks and repel people. To some admiration comes naturally. To you its repulsion that you exude everytime

There is a reason horrible things keep happening to you, its rejection from everywhere. Even from parties with no structure. You have memorized all my monikers, you have memorized all the lifestyle of niiihilist, and others on this forum what they shared and what they didn't yet no one cares about you because you are an insecure, ignorant, whiny, fooolish, brainless molusc, you have the nous of a millipede. the wits of a pubic louse, the intelligence of a sloth

Everything about you is repulsive, even when you wear lipstick, tie ropes round your neck, rub oil on your body. The funny thing about life is that you cannot photoshop your misfortune away

Blood of God

Re: EPL Chatroom - All Discussions by Oasis007(m): 8:41pm On Aug 17, 2022
grin grin grin

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