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Nairaland Forum / Nairaland / General / Politics / EFCC Raises Task Force Against Dollarization Of Economy (13152 Views)
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EFCC Raises Task Force Against Dollarization Of Economy by emkz: 5:58am On Feb 08 |
EFCC Raises Special Task Force against Dollarization of Economy & Mutilation of Currency
https://www.efcc.gov.ng/efcc/news-and-information/news-release/9743-efcc-raises-special-task-force-against-dollarization-of-economy-mutilation-of-currency 16 Likes 2 Shares
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Re: EFCC Raises Task Force Against Dollarization Of Economy by emkz: 6:03am On Feb 08 |
This was my comment on this matter a few days back. The overt dollarization of the Nigerian economy is dangerous especially when we have no control over the currency. emkz: 75 Likes 4 Shares |
Re: EFCC Raises Task Force Against Dollarization Of Economy by Naijanascam: 6:10am On Feb 08 |
They should start from the top if they are to be taken serious....... .. 43 Likes 3 Shares |
Re: EFCC Raises Task Force Against Dollarization Of Economy by emkz: 6:11am On Feb 08 |
What MUST be done: 1 Outright ban of the use of dollars within Nigeria. 2 Give holders of dollars a month to put it in the banking system after which it will be seized if found on the holders. 3 People like Herbert Wigwe charging tuition fees in their universities in dollars need to be compelled to pay their workers in dollars and also pay electricity bills, diesel bills, and other expenses in dollars. 4 All BDCs must be heavily regulated and if dollars is sold to anyone, the reason must be compelling and must be traceable. 5 Arrest politicians found with dollars. 6 We can't afford to have accounts opened in foreign currencies within Nigeria. Our economy can't support it. 7 Some of the things we import are not needed. Therefore impose heavy taxes on luxury cars, foreign wines, clothing, and food. Visit shops and hike the tax on foreign commodities like cashew, apples, and shoes. Nigeria is a big market. The least Toyota and Honda owes us is to run assembly plants within Nigeria. 8 NNPC must be stopped from selling crude oil to local refiners in dollars. 9 No company, including foreign ones, must be allowed to pay any worker in foreign currency. The idea of working in Nigeria is that you spend your earnings in Nigeria. If you want to remit funds abroad, use proper banking channels to do your transfer and pay the appropriate fees. 10 We found out that some embassies in Nigeria collect visa fees in foreign currencies in cash in Nigeria. We call on the foreign affairs minister to call those ambassadors to stop the practice. Some of these embassies use the desperation of our people to prey on them and commit crimes that cannot be tolerated elsewhere. Any embassy operating in Nigeria that cannot respect and idolize our naira should close and go elsewhere where such crimes of collecting a non-legal tender within a country they operate in is allowed. If they collect naira, they can use our banks to remit the funds or use online transfers so they can get the forex equivalent of the naira charges in their accounts in their countries. I call on Nigerians to be bold enough to report some of these embassies for the sharp practices. 11 Some of the embassies in Nigeria are desperately corrupt. Especially of some countries in the EU. 83 Likes 10 Shares |
Re: EFCC Raises Task Force Against Dollarization Of Economy by emkz: 6:12am On Feb 08 |
Naijanascam: This is the first time in years that they really want to take action against the use of dollars within the country. I agree that everyone must be touched starting from politicians. 25 Likes |
Re: EFCC Raises Task Force Against Dollarization Of Economy by nairalanda1(m): 6:14am On Feb 08 |
Well, EFCC can't stop people from trading in whatever form of money they use. After all, at the end of the day, with the falling value of the naira, people are going to store their money in whatever has value..and it is the dollar. Or euro or pound. 3 Likes |
Re: EFCC Raises Task Force Against Dollarization Of Economy by matify83: 6:42am On Feb 08 |
emkz: You have said it all 17 Likes 1 Share |
Re: EFCC Raises Task Force Against Dollarization Of Economy by BigBlackPreek(m): 6:45am On Feb 08 |
Nigeria has gone to the dogs indeed and only God can redeem the whole system SMH 2 Likes 1 Share |
Re: EFCC Raises Task Force Against Dollarization Of Economy by malali: 7:00am On Feb 08 |
[b]Good job, We can never fix the economy if we are running naira economy and dollar economy, China devalues its currency to attract foreign dollar investments regularly. Tax anything imported, which is produced in Nigeria 100-200%. No more dollar transactions. The exchange rate is now floated, Bureau De Change should be, registered and linked with banks, they should maintain an account with a bank and the inflow and outflow can be monitored. Nobody should be able to change 10 billion naira on the streets without any record of the transaction....That is criminal everywhere in the world....It happens in Nigeria. If you dont tackle the "dollar" people, you are competing against america, you will lose, because they will always protect the dollar. Teach your governors how to raise money (public listing) in the stock market.......Pantami and co should not only be raising money for kidnappers, let them look for projects in their states and raise money through venture capitalists, get trustworthy managers, and eventually list it on Nigerian stock exchange, it can be farming, animal husbandry, mills, hotels. There are so many rich people in Nigeria whose idea of wealth is hoarding it at home and buying a few houses in London. Each state should have a company in the Nigerian stock exchange, not necessarily owned by the state , but have trustworthy people running it and slowly expanding all over Nigeria with headquarters in their state. For this system to work, you have to prosecute the looters, unbiased judiciary. When foreign investors see that we are a sane climate....they will come and participate.[/b] 13 Likes 1 Share |
Re: EFCC Raises Task Force Against Dollarization Of Economy by AMAUCHESKY(m): 7:00am On Feb 08 |
Shebi the task force are from Nigeria ni funny enough,after new year resolution you are back again struggling with same addiction... I can help you out via my signature 1 Like |
Re: EFCC Raises Task Force Against Dollarization Of Economy by seyicodes(m): 7:00am On Feb 08 |
Let it begin |
Re: EFCC Raises Task Force Against Dollarization Of Economy by Lovenorth: 7:01am On Feb 08 |
Tinubu is confused, he don't know what to do to restart the economy, I advise he step aside and allow normal person to handle the country 4 Likes |
Re: EFCC Raises Task Force Against Dollarization Of Economy by nairavsdollars(f): 7:01am On Feb 08 |
Anything to bring the price down is acceptable. 1 dollar to N1,500 is simply outrageous 5 Likes |
Re: EFCC Raises Task Force Against Dollarization Of Economy by Caramia2020(m): 7:02am On Feb 08 |
It's should be colonisation. As the said task won't take bribe in dollars n pounds if they see defaulters? Or will our senators release the ones in their possession? Or will Chief of bullion van n his gang release their own? Even the supposed Efcc boss won't release the dollars with him. Their children are are even richer in dollars. Nonsense. |
Re: EFCC Raises Task Force Against Dollarization Of Economy by Brendaniel: 7:02am On Feb 08 |
emkz: The question is who will do it, Tinubu? 3 Likes |
Re: EFCC Raises Task Force Against Dollarization Of Economy by kerry57: 7:02am On Feb 08 |
Nigerian economy will be fine at last with all these policies. We are paying the price for years of mismanagement. I believe that this govt will come good for Nigeria at last. I didn't vote for apc but I feel that TINUBU is doing his his best. He should find ways of making food available in the country and prevent the export of our food to other African countries by some greedy fews by securing our borders. Naija must be great wether we like it or not. 8 Likes 1 Share |
Re: EFCC Raises Task Force Against Dollarization Of Economy by Parydelegate: 7:03am On Feb 08 |
That one no mean say Politicians no go share dollar during party primaries. This is the first time in history Super Eagles and Chelsea will win on the same day. Congratulations to Super Eagles....Ourpiano is bigger than Amapiano ![]() ![]() 1 Like |
Re: EFCC Raises Task Force Against Dollarization Of Economy by descarado: 7:03am On Feb 08 |
Why not start with tinubu that used dollars to buy delegates during apc primaries. 4 Likes |
Re: EFCC Raises Task Force Against Dollarization Of Economy by Paraman: 7:04am On Feb 08 |
nairalanda1:if you're running a business in Nigeria, you can keep on charging people in US dollars, you will be use as an example to others. You will explain what part of the Nigerian law gives you the power to charge in $,€, and £ 8 Likes |
Re: EFCC Raises Task Force Against Dollarization Of Economy by cjudy(m): 7:06am On Feb 08 |
Toothless dogs All those una padi padi politicians hoard the dollars. Even una elected offices like Senate, House of Assembly, una presidency and so on. Stop chasing clout. |
Re: EFCC Raises Task Force Against Dollarization Of Economy by Chicagograduate(m): 7:08am On Feb 08 |
Tinubu and governors don't face dollar challenge when they want to spend their leisure time abroad. When dollars were scarce and Nigerians were buying it at a high exchange rate under buhari,emefiele was pumping dollar to Dangote account at a very reduced rate to the Naira. 3 Likes |
Re: EFCC Raises Task Force Against Dollarization Of Economy by Matrix137(m): 7:09am On Feb 08 |
Okay |
Re: EFCC Raises Task Force Against Dollarization Of Economy by Tjra: 7:11am On Feb 08 |
Lovenorth:Who is the normal person he should step aside for? You? 1 Like |
Re: EFCC Raises Task Force Against Dollarization Of Economy by Ntipia: 7:12am On Feb 08 |
emkz: To Arrest politicians you must start with the druggie president and criminal in Aso Rock 1 Like 1 Share |
Re: EFCC Raises Task Force Against Dollarization Of Economy by ogolemati: 7:15am On Feb 08 |
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Re: EFCC Raises Task Force Against Dollarization Of Economy by sulaak(m): 7:16am On Feb 08 |
emkz: Nigeria has implemented the World Bank and IMF shock economy without realising that they have subconsciously implemented colonisation. If you float your currency without having a well-developed industrial base, you have opened your economy to dollarisation. Tinubu will not last 2024. |
Re: EFCC Raises Task Force Against Dollarization Of Economy by PforPython(m): 7:17am On Feb 08 |
. |
Re: EFCC Raises Task Force Against Dollarization Of Economy by Fiscus105(m): 7:17am On Feb 08 |
I said this, few days ago. One foolish nairalander arguing blindly as usual. Several transactions are going within Nigeria territory with dollar transactions, all this are putting enomous pressure on naira. 2 Likes |
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