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Nairaland Forum / Nairaland / General / Politics / With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us (25589 Views)
Throwback Photo Of Yakubu Gowon & His Children / "Fake News More Dangerous Than Insurgency, Can Break Nigeria" – Lai Mohammed / Kenneth Bitrus Yakubu, The Custodian Of Yakubu Andrew's $9.8million (2) (3) (4)
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Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by searchng4love: 11:32am On Feb 11, 2017 |
mayoor15:history is very important.... Mind you am not a GEJ fan 1 Like |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by mayoor15(m): 11:33am On Feb 11, 2017 |
dallyemmy:Exactly, am damn sure that is not the whole money, they man must have sold thousands of those dollars, and some fools will still blame buhari for dollar scarcity and recession. 1 Like |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by mayoor15(m): 11:35am On Feb 11, 2017 |
seangy4konji:It would have been better if the looting was done in naira not dollars, they knew our economy was dollar dependent and still looted in dollars. 1 Like |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by 4Play(m): 11:35am On Feb 11, 2017 |
seguno2: I will disagree with you on the GEJ systematically addressing corruption part in so far as it implies he intended to reduce corruption. But I note your point that having wrong policies makes corruption more likely. The classic example os the multiple exchange rates arising from Buhari's insistence on a fixed rate. It has meant that the highly connected are able to buy dollars at N305 and sell it at N500. 2 Likes |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by captainjoh(m): 11:37am On Feb 11, 2017 |
where are those people that love jungle justice so much, that at the shout of thief they will just strip the person naked and set him on fire. oya make Una come see thief wey thief Una money 1 Like |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by ZAWs: 11:38am On Feb 11, 2017 |
Corruption everywhere. Trust me. This man isn't even top 20 Yakubus More reason why they wanted magu out of the way. 1 Like |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by kingNovak: 11:41am On Feb 11, 2017 |
greatgod2012:the problem with Nigeria is Nigerians. We can never make laws against these thieves like Japan or China cuz some foolish and hopeless youths will support them. DSS arrested 'corrupt' judges, the whole world went loose with different criticisms. Now imagine the government sentencing David Mark or Shekarau or Akpabio to death?.. Plenty of the youths will take up arms in their defense. We live in a country where all these people will always go scot-free....cuz ethnicity and religion has over shadowed our reasoning..... 2 Likes 1 Share |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by Nobody: 11:43am On Feb 11, 2017 |
Gbam!...awesome piece!!! ....further more, no matter the amount of loot recovered, buhari's archaic/dumb policies 'll keep worsening the moribund economy! |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by luckyehis: 11:45am On Feb 11, 2017 |
kahal29: I very much agree with your position. The exchange rate is a function of demand and supply. When we have instances of people having direct access to loot hard currencies like this, with such fund not circulated, we are shrinking the dollar (hard currency supply), thereby allowing demand to exceed supply with concurrent increase in the exchange rate as we now have it at N500/$. Equally, where people have access to non productive fund (local cash) through corruption and money laundry, the easiest and convenient form of storage and transporting such loots is through conversion to hard currencies. This will increase demand for hard currencies and in view of the fact that its not for any productive reasons, it will be sourced at any given exchange rate most probably through the black market. This too will negatively impact on the exchange rate of the country. All these added together has brought us to the point where we are now in the country. 1 Like 1 Share |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by 4Play(m): 11:48am On Feb 11, 2017 |
mayoor15: Thousands of dollars you say! Do you know that in 2014 - Nigeria received $50bn nonoil export forex inflows? $21bn was foreign investment, $10bn nonoil exports and $20bn remittances. In 2015, foreign investment fell to $9bn and $5bn in 2016. Nonoil exports fell to $4bn in 2015. You have dollar scarcity in 2017, not simply because of the actions of the likes of Yakubu prior to May 2015, but because in addition to lower oil prices, your president has enacted policies that have reduced the incentives for businesses/investors to bring in dollars into Nigeria. You have lost tens of billions of dollars due to poor policies. The Naira was N220 to the dollar in May 2015 and N500 to the dollar today as a result of inept policies. 3 Likes |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by seangy4konji: 11:50am On Feb 11, 2017 |
worst part of it was they were giving us excuse of no dollars again,we can buy dollars from bank but from black market,we cant buy more than so so dollars,we cant receive western union in dollars and they are the ones that stored hundreds of millions if not billions of raw dollars in cash in garages and bunkers...very heartless people...is this not same dollars that to even pay ordinary school fees for siblings is almost impossible ![]() they are very wicked people mayoor15: |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by precious1967(m): 11:58am On Feb 11, 2017 |
heart attack ll kil yakubu |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by mayoor15(m): 12:00pm On Feb 11, 2017 |
4Play:And was it buhari that made the policies alone, tell me how competent the CBN governor is? Who made the inept policies, guy forget your hatred for buhari and stop displaying your hypocritical analysis online, you blame the President while leaving the incompetent CBN governor, if he is removed now, people like you will shout tribalism, religion oppression etc. With all the policies your hero enacted, what sort of economy did he leave behind? And you say $50bn nonoil export forex inflows, can't laugh, how much was Nigeria total dollar reserve then self, bringing up incoherent fact and analysis just to cover for some people excesses, if that was true, Nigeria should have not entered recession in 2014. BTW, list the goods that earned us those nonoil export forex and let see... 3 Likes 1 Share |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by gogodaye(m): 12:04pm On Feb 11, 2017 |
2 Likes |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by seguno2: 12:09pm On Feb 11, 2017 |
4Play: The Jonathan comment is about relativity, in comparison to those recently before and after him. As you rightly said, the multiple exchange rates is corruption in and of itself. Sanusi said as much not so long ago. 1 Like |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by seguno2: 12:12pm On Feb 11, 2017 |
mayoor15: You can do better by saying the basis for your comment so I can respond adequately. Thanks |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by 4Play(m): 12:18pm On Feb 11, 2017 |
mayoor15: You are a mo-ron. I condemned the appointment of Emefiele when it was first announced and have always called for us his sacking (you only have to go through my posts on Nairaland). That notwithstanding, the insistence on a fixed exchange rate is Buhari's explicitly stated position. As for nonoil forex inflows, this is publicly available information provided by the current government which your benighted and poorly informed mind ought to acquaint itself with before opining on matters beyond your competence. 2 Likes |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by bkool7(m): 12:26pm On Feb 11, 2017 |
cktheluckyman: who tôld u Buhari cleared him ? You ppl jus réad headlines ...dont read details 1 Like |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by Nafizzey(m): 12:27pm On Feb 11, 2017 |
kingNovak: |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by Nafizzey(m): 12:33pm On Feb 11, 2017 |
mayoor15: |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by mayoor15(m): 12:36pm On Feb 11, 2017 |
4Play:Thanks for the display of your stupidity, clap for yourself dopemu.Do you know how incoherent your statements are? 3 Likes |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by Nafizzey(m): 12:37pm On Feb 11, 2017 |
mayoor15: 1 Like |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by focus7: 12:38pm On Feb 11, 2017 |
Op una go talk true time reach. Jonathan is the headquarter of all corruption, Buhari should do the needful and arrest then others will release what they looted without running after them. 1 Like |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by gogodaye(m): 12:39pm On Feb 11, 2017 |
But then you guys grovelled against his removal then.......... http://www.channelstv.com/2014/08/04/apc-kicks-against-removal-of-petroleum-corporations-boss/ 1 Like
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Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by mayoor15(m): 12:40pm On Feb 11, 2017 |
seguno2:Go check your previous post and try decipher it, if you can't then come back and ask agian |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by irynterri(f): 12:47pm On Feb 11, 2017 |
obembet:The stolen amount when converted to naira is like 5 billion naira, the dollar alone is 4.9 billion using 500 as exchange rate not even 503 |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by irynterri(f): 12:48pm On Feb 11, 2017 |
obembet:The stolen amount when converted to naira is like 5 billion naira, the dollar alone is 4.9 billion using 500 as exchange rate not even 503,so The meme should be updated |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by Kingspin(m): 12:51pm On Feb 11, 2017 |
There are more Yakubu's than Yakubu. The best remain change all these old politicians through ballots.v 2 Likes |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by davidif: 1:11pm On Feb 11, 2017 |
odiks: And this is why we need to get rid of state owned companies |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by brojoshua: 1:24pm On Feb 11, 2017 |
But the worst thing is that the government is not punishing these people or anyone for all these wicked crimes. No such criminals are punished in Nigeria except the ones that are caught by the European countries and America and are prosecuted in those countries. Nigeria is also a country of injustice and gross darkness for none of these criminals are punished by imprisonment and the likes. Wicked citizens are committing evil crimes but the government is committing greater crimes by not punishing any of them that committed the crimes but are letting them go free. 1 Like |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by seguntijan(m): 1:44pm On Feb 11, 2017 |
The stupid phrase of "innocent until proven guilty" shouldn't be applicable here for the "unfortunate" Andrew Yakubu. I don't understand why there are no plans on ground already to "hang" life out of him. What is he still doing alive? |
Re: With The Likes Of Yakubu, More Dangerous Recessions Might Be Waiting For Us by duni04(m): 1:49pm On Feb 11, 2017 |
4Play:You're deliberately being foolish! You're just quoting figures without sense. Why did FDI and FPI into Nigeria decrease within the period you quoted? Foreign investors couldn't make any dollars in Nigeria again and repatriate! Because we no longer had the dollars to give them! oil fell from USD110 to USD 30. FPI's and FDI's are not charity organisations, they go after the dollars and exit when you can't guaranty their dollars. They all left because the ineffectual Buffon drained our reserves from >USD60billion when he came to >USD33billion when he left. A large chunk of it ended up with the likes of mama peace, diezani, yakubu, aluko and omokare. 2 Likes 1 Share |
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