SLIDEwaxie:
always crying. so, na FG come arrest your brothers for Onitcha again?

SLIDEwaxie:
always crying. so, na FG come arrest your brothers for Onitcha again?

PappyMason:


Don't be a fool again this early morning.


If you refuse to see the hypocrisy then you like your useless yorubas are slaves.

DaBullIT:
Its too early for Propaganda abeg

SLIDEwaxie:
u're just singing your usual Biafran anthem....


so, the area commander can't even work on his own...every directory has to be from the FG...

in fact, na FG dey tell them when to fucck their wives...


keep crying...it's not that it isn't allowed, anyways

bettercreature:
There must be a reason why they invaded the market,i dont think its because of US$
Lets wait for their press briefing

PappyMason:


Another fool arrives

Ngasky:
as you fail to understand it is not that northerners are enjoying special privilege. they have a system which you people fail to understand.
any money changer you meet at the street corner is not holding his own money it is owned by his boss. and we know forex business is very capital extensive so very few people can afford it.
so the big bosses have their licenses and registration with the CBN just like the commercial banks in the country. so they employ marketers (those street guys ) and will be giving them the currency to hawk on the street, so if the man is arrested he would just call the owner of the money to come and verify as a licensed forex.
whenever you met those people have you noticed that they always have the same amount of cash in their hands? even if they just finished trading with a customer you can't see any significant change in the currency in their hands.
the reason is wherever you find them their supervisors are there close by monitoring them and replenishing their currencies.
those people you will meet are mere marketers not the real owners. Sometimes there are fake exchangers in such situations the real forex owners will have such personalities arrested. because even though there's great competition they have their way of settling their problems and they will expose frauds from their midst to the police so as not to blacklist the joint.
check all those duped by the currency exchange you will notice the business is conducted in another place not their stands. so if someone says let me take you to somewhere to do the exchange run for your life.
the exchange business is very complex and paranoid the people are very careful in reading psychology of the people they come across if that forex northerner whispers to you about somebody then take it serious. i don't know how they can tell a criminal from crowd of people but they do

PappyMason:



Licenced forex trading is a highly regulated sector just like the downstream oil sector where subsidies exist.

It is only Nigeria that operates two parallel forex markets with one not having any form of regulation.

It is no news that thieving governors use these black marketers to launder stolen funds which they first convert to dollars in the black market and then use private jets and their diplomatic passports to ship the money to their Swiss bank accounts.

The black market is a grey sector with the CBN not having a clue how much is traded daily.

Let me take you back on how the black market became a thriving business.

It was during the IBB regime. The IBB regime began the deregulation of the aviation sector and to kick start it, forex subsidy was given to licenced aviation operators. If you ever visited the local airport during the early 90's you will notice a lot of portakabin airlines along the aero terminal. All these airlines where owned by northerners and their only reason for registering as an airline operator was to source forex subsidy from the CBN which they sold in the black market. This continued unabated until the subsidy for aviation operators was scrapped and the establishment of the NCAA in 1999 which deregistered them.

Don't take these ab0kis for granted.

bettercreature:
Are you stuppiid? i asked you,what did i say to warrant being called a foool?

bettercreature:
There must be a reason why they invaded the market,i dont think its because of US$
Lets wait for their press briefing

PappyMason:



Why are you quoting a post that was not directed at you?

You fool, if you are looking for why I called you a fool then your foolishness has just began.

Ode

bettercreature:
You are a cum rag! so you had no reason, you just decided to call me a fool
You should be happy we are on anonymous website
I would have beating you up mercilesss and get you arrested
cursed son of a whoree

PappyMason:
It's 1984 all over again and the hypocrisy stinks even more.

All of a sudden being in possession of FOREX is now deemed illegal.

The raid on Onitsha market by men of the EFCC who arrested some traders for possession of dollars shows a hidden agenda to target easterners and stiffe their businesses.

If holding forex is now illegal why are black market operators who are mainly ab0kis overlooked over genuine business men who require forex to carry out their legitimate transactions?

As far as I am concerned the lazy ab0kis who stand in street corners trading forex they get illegally from the CBN and through money laundering are more dangerous to our economy than ibo traders.

So why is the FG not clamping down on ab0ki black market forex dealers?

It seems that ab0kis enjoy wide spread impunity to commit any crime of their choice under this Govt as can be seen with the rampaging fulanis and how selective the govt is to economic crimes.

If you go to the north, smuggling thrives in Sokoto, Katsina, Yobe and Jifawa with the FG turning a blind eye.