lrman:


They are telling you the dollar rate on the parallel market where you can buy and sell Dollar.. this one is busy quoting CBN rate via Google...go to any bank and collect the dollar at 415naira na...I am waiting...

Tell your bank you need dollar at 415naira...

I do transactions in dollars at least twice a month. You don't know what you are saying and I don't think I can help you. Poverty is a disease.

Gabbriell:


I do transactions in dollars at least twice a month. You don't know what you are saying and I don't think I can help you. Poverty is a disease.

Lol and you bought them at 415naira abi... you think everyone is a fool like you that can be lied to...

It’s a false headline
Chukkol said it was seized from people trying to go through the airport with $6m or $2m and not BDCs

Listen to the interview properly before you spread fake news

BannedUser:


He's just stating a fact. The law of supply and demand tells you that their actions will worsen the exchange rate. Really, common sense isn't common.

my friend sit down there. As far as Nigeria experience have taught me. No economy principles or law we were taught in school way back is apply to Nigeria system. All these demand and supply law no dey work here my friend.
No be economic subject they taught us that if money in circulation is reduce or scarce, it will force d price of goods and commodities downward. D higher d price of goods d lower d demand. Nah now wey price of things high nah him people dey build big houses buy cars. Nah poor people this your policy fit work for. U better put what u know about economics for one side.
Money go scarce for town, food price go dey go up, electronics price dey go up. Later they told us is because dollar rate to naira rate is high. Now dollar rate don reduce, price of goods and commodities no reduce.
So tell my why your economy policy is not working on us.

Why wait until this time to do right thing

Klington:
Always targeting the wrong people.

When th!efnubu and atikulooter were sharing thousands of dollars to delegates, where was the Efcc??

God bless you dear. Confused wicked rulers

nlfpmod:


https://m.facebook.com/story.php?story_fbid=pfbid0xyDEWZxSFqGnSSKRTwwgVENQHxRQFsf3izFSgrdo7zCuv1PFh4wZF8B89eAigjsdl&id=100064596373289

Moderator, the title is not correct for the confiscated money was not from the BDCs, please the following excerpt and correct accordingly:

“ Through the Commission’s presence at the major gateway into the country, many arrests of cash smugglers have been made and humungous sums in foreign currencies recovered.

“Some were arrested with excess of $6 Million (Six Million United States Dollars), others with $2 Million (Two Million United States Dollars) and we know that these huge sums were not meant to be used in buying goods but stolen monies being laundered out of the country,” he said

Chukkol further stated that EFCC not only recovered some of these monies, but secured their forfeiture to the federal government, while the culprits were prosecuted.

How I wish Nigeria can handle financial criminals like China.

We know good things but we only do evil for selfish reasons.

God bless China. Until Nigeria wake up.

fk001:
Had it been BDC operators were from Igbo extraction, those IPOB demented zombies won't let us hear words, they will start shouting marginalization and witch hunting. Bunch of emotional cry babies

I visit BBC hausa page on FB regarding this news, most of the Northerners are hailing EFCC for a job well done

Lol you don know their behavior.

Very good, bureau the change operators hoards dollars and inflate the price, they make it hard for CBN to use monetary policy to manage dollar rise. There are lots of bureau de change in Eko hotel Lagos, federal palace, Ikota complex, EFCC must sustain the raid.

Aufbauh:


One of them spotted!
Pls what's your excitement or gain if dollar is rising and affecting ur living standard?
You just wants to prove a point and still be wailing.

Don't mind him.

nlfpmod:


https://m.facebook.com/story.php?story_fbid=pfbid0xyDEWZxSFqGnSSKRTwwgVENQHxRQFsf3izFSgrdo7zCuv1PFh4wZF8B89eAigjsdl&id=100064596373289

The way EFCC is attacking BDC operators wallahi if it were not mostly Northerners and not under a Northern President, only God knows the conspiracies and noise some people would've cooked in this Nation!

Jesus

imam07:
my friend sit down there. As far as Nigeria experience have taught me. No economy principles or law we were taught in school way back is apply to Nigeria system. All these demand and supply law no dey work here my friend.
No be economic subject they taught us that if money in circulation is reduce or scarce, it will force d price of goods and commodities downward. D higher d price of goods d lower d demand. Nah now wey price of things high nah him people dey build big houses buy cars. Nah poor people this your policy fit work for. U better put what u know about economics for one side.


Money go scarce for town, food price go dey go up, electronics price dey go up. Later they told us is because dollar rate to naira rate is high. Now dollar rate don reduce, price of goods and commodities no reduce.
So tell my why your economy policy is not working on us.

The problem is that you were probably thought basic economics back in school but you refused to learn or just didn't understand. You couldn't see how it affects real-life situations? This is one of the reasons why almost everything in Nigeria is backwards. BTW, the exchange rate has bounced back to 800

Left for me, this BDC thing should be scrapped and whoever needs foreign currency should approach the banks. BDC is one of the most unsuspecting means through which people redirect illegally acquired money. Worst is the business that even government takes part in. They have killed our naira.

BannedUser:


The problem is that you were probably thought basic economics back in school but you refused to learn or just didn't understand. You couldn't see how it affects real-life situations? This is one of the reasons why almost everything in Nigeria is backwards. BTW, the exchange rate has bounced back to 800

See this person wey I fit teach for school dey tell me what is practiciable. In a simple English policies no dey work in Nigeria system.
Who told u a dollar has jumped to 800. U better stop posting false information as if nah only dey go black market. Nah too know dey kill people like u.

imam07:
See this person wey I fit teach for school dey tell me what is practiciable. In a simple English policies no dey work in Nigeria system.
Who told u a dollar has jumped to 800. U better stop posting false information as if nah only dey go black market. Nah too know dey kill people like u.

This guy is truely dumb.

Realists:
See pure wickedness, instead of Nigeria to start selling our crude oil in Naira, just like Russia did to war mongers aka NATO, for us to have a strong Naira. Nope we choose the Nzogbu Nzogbu tactics as rightly said by Prof C. Soludo.
No country wants our Naira in the international market, because we don't manufacture & export goods, the only thing we export happens to be crude oil and instead of us to sell it in Naira, we decided to sell it in dollars, due to our mumuism.

And you think your shithole country has the bargaining power to do so? Even if they by miracle succeed in selling crude in Nigeria, it still will not affect the naira. Tell me how the buyer's source for naira will to pay for the crude. let's say India decide to buy crude from Nigeria with naira, they first have to convert their rupees to naira thereby giving Nigerian rupees in exchange for naira, then tell me how Nigeria will be able to spend the Indian rupees they have now acquired. you all don't think, it is even more stressful that way, hence the reason for the introduction of petrodollar. When they decide to search for where to get Naira in the international market and they cant get it, what do you think they will do, they will definitely go for the next seller with an easier and accessible means of payment. do you think it is so easy to get your currency to the vault of almost all the banks in the world. If you think it is easy go to some countries and ask to buy naira, then you will be shock that you may not see anyone to exchange it for you. Kuwait sells their crude in dollars and their currency Kuwait dinar is over 3 times bigger than the US dollar. so you all should stop sounding dumb please.

dangoteinlaw:
Now the efcc is doing its job not chasing some misguided young boy in a Lexus who's probably gonna finish the small yahoo money he managed to collect. The fight should be against those destroying our currency and stealing our revenues.

Some yahoo boys have more than $6million dollar and their arrest have not affected your currency value in any way.

imam07:
See this. Because is affecting u abi. Economist

It will affect you the most. i have never seen a set of misguided people all my life who truly love to support policy that put them in perpetual suffering and slavery and have the nerve to be celebrating it. Some Nigerians are truly zombies.

Patriotsleague:
Very good, bureau the change operators hoards dollars and inflate the price, they make it hard for CBN to use monetary policy to manage dollar rise. There are lots of bureau de change in Eko hotel Lagos, federal palace, Ikota complex, EFCC must sustain the raid.

You all are just too dumb. What stops the CBN from providing access to dollars for the citizens at the price they want it to be exchanged then these BDC will fade out naturally. Soon dollar will become like contraband, then people who need dollar will not be able to access it. since CBN cannot provide then the price will climb to over N10,000.

IMMUNO1:
Left for me, this BDC thing should be scrapped and whoever needs foreign currency should approach the banks. BDC is one of the most unsuspecting means through which people redirect illegally acquired money. Worst is the business that even government takes part in. They have killed our naira.

All this kids who has never seen dollars all their life. which bank give dollars to customer anymore. You are just too dumb. Who will go to BDC for dollar at a high price when they can get it in their bank for way less. You are just a joke.

Kudos to the EFCC for doing a very nice job, the naira redesign will really hurt money laundering practices

fxexperts:
Some yahoo boys have more than $6million dollar and their arrest have not affected your currency value in any way.

It will affect you the most. i have never seen a set of misguided people all my life who truly love to support policy that put them in perpetual suffering and slavery and have the nerve to be celebrating it. Some Nigerians are truly zombies.

You all are just too dumb. What stops the CBN from providing access to dollars for the citizens at the price they want it to be exchanged then these BDC will fade out naturally. Soon dollar will become like contraband, then people who need dollar will not be able to access it. since CBN cannot provide then the price will climb to over N10,000.

All this kids who has never seen dollars all their life. which bank give dollars to customer anymore. You are just too dumb. Who will go to BDC for dollar at a high price when they can get it in their bank for way less. You are just a joke.

You are a dumb idiot, what are you buying dollars in Nigeria for, if you want to pay school fees abroad use the banks, reduce importation. Stupid clown, we are looking for solutions, you are thinking of your pocket. Typical biafran greed.

imam07:
See this person wey I fit teach for school dey tell me what is practiciable. In a simple English policies no dey work in Nigeria system.
Who told u a dollar has jumped to 800. U better stop posting false information as if nah only dey go black market. Nah too know dey kill people like u.

Olodo, are you satisfied?

Patriotsleague:

You are a dumb idiot, what are you buying dollars in Nigeria for, if you want to pay school fees abroad use the banks, reduce importation. Stupid clown, we are looking for solutions, you are thinking of your pocket. Typical biafran greed.

You are truly a zombie. We are not poor like your sorry ass. Nigerians are truly idiots. Evrything in Nigeria is tied to international exchange rate. I kow you lots are typical illitartes that is why you are talking like this. Even if every Nigerian decides to go into production lets take farming as an example, the fertilizers where do you think we are going to get it from, even if we are producing it were then do you think we are going to get the raw materials from. Even if we then succeed to produce it at a cheaper rate compared to the international markets what stops our farmers from selling to the highest bidder at the international market, or you think they are too dumb to make more profits. You are just a fool with a low thinking capacity, maybe you are still a baby in your parents' house.

Give Gabbriell N441.69 to procure $1 for us?