FOREX IS FOR LEGITIMATE ENTERPRISES NOT FOR SMUGGLERS AND BLACK MARKETEERS.
Smugglers are our enemy. They are present danger to our economy and their trafficking activities nationwide create misery for Nigerians.
CBN’s is not in any forex war against legitimate enterprises rather it is doing what it ought to have done long ago but abdicated it's responsibility in the last 16years of PDP administration to safegaurd the nation's financial health and sustainability.
Thanks to the @Mbuhari administration with their nationalistic instinct and a proper understanding of the dynamics of Nigeria economy and econometrics, has decided that no more forex for black marketeers.
The administration resolve to wrestle Nigeria away from the stranglehold of the rent seeking, manipulative, corrupt, bourgoeis cabals holding the nation development backward is yielding result.
Those rent seeking cabals are crying like a baby springing up all kind of hoax deceiving the uninitiated into believing that their so called "legitimate business'' has no access to forex.
The reality is that they have no legitimate need for forex because they do not engage in any legitimate business or enterprise.
photo credit: The Looe Guildhall Collection
Moreover, unbridled importation of non-essential items into the country or things that we don't need or can produce ourselves in Nigeria have negative impact on our foreign reserves. Most of the so called importers or black marketeers are saboteurs and we have many of them claiming to be legitimate businessmen or women.
I want to say here that from reading Ahmad Salkida piece about his so called legitimate business, my mind went into overdrive because his piece left so many questions unanswered as to whether he is a legitimate businessman or just someone masquerading living on the periphery of illegitimacy and breaking the law.
There are so many of them in Nigeria claiming wrongly to be genuine businessmen and women.
Here is the link to his opinion: https://www.thecable.ng/cbns-forex-war-against-legitimate-enterprise
To be generous and humanitarian with your family is commendable but that cannot be used to justify smuggling and illegality. - My view
Ahmad Salkida, CBN is not waging any war against legitimate business/enterprises, rather what you have just describe is an illegitimate enterprise because from your description your business is not registered in Nigeria and you never mentioned if yours is registered as a legitimate enterprise abroad, neither does your business has any registered address in Nigeria or any documentation to show that you are with CAC Nigeria nor paying taxes to the FIR department or the state tax office.
Note: You need to show proof of all these and others not mentioned in this piece ''documentation wise'' for me to really take your narrative seriously.
Those selling on your behalf in your narrative do not do those buying and selling mentioned by you as a legitimate business/responsible law abiding citizen because of it's informality. Therefore, your actions or inactions either by omission or commission can best be describe as smuggling. You are a smuggler.
I am using that word because I know you are knowledgeable enough to know the implication of your actions
If you want government recognition and support come with genuine documentation to support your claim.
Please show me your tax papers on all the goods you have imported or smuggled into Nigeria in the past years as claimed in your piece. I think the federal inland revenue needs to visit you soonest.
It is a pity you are not in Nigeria so you can for now escape the visitation but the long arms of the law is like an octopus.
Watch this space.
OTUNBA ADE ILEMOBADE is a philosopher
Twitter: @pearl2prince
CBN’s is not in any forex war against legitimate enterprises rather it is doing what it ought to have done long ago but abdicated it's responsibility in the last 16years of PDP administration to safegaurd the nation's financial health and sustainability.
Thanks to the @Mbuhari administration with their nationalistic instinct and a proper understanding of the dynamics of Nigeria economy and econometrics, has decided that no more forex for black marketeers.
The administration resolve to wrestle Nigeria away from the stranglehold of the rent seeking, manipulative, corrupt, bourgoeis cabals holding the nation development backward is yielding result.
Those rent seeking cabals are crying like a baby springing up all kind of hoax deceiving the uninitiated into believing that their so called "legitimate business'' has no access to forex.
The reality is that they have no legitimate need for forex because they do not engage in any legitimate business or enterprise.
photo credit: The Looe Guildhall Collection
Moreover, unbridled importation of non-essential items into the country or things that we don't need or can produce ourselves in Nigeria have negative impact on our foreign reserves. Most of the so called importers or black marketeers are saboteurs and we have many of them claiming to be legitimate businessmen or women.
I want to say here that from reading Ahmad Salkida piece about his so called legitimate business, my mind went into overdrive because his piece left so many questions unanswered as to whether he is a legitimate businessman or just someone masquerading living on the periphery of illegitimacy and breaking the law.
There are so many of them in Nigeria claiming wrongly to be genuine businessmen and women.
Here is the link to his opinion: https://www.thecable.ng/cbns-forex-war-against-legitimate-enterprise
To be generous and humanitarian with your family is commendable but that cannot be used to justify smuggling and illegality. - My view
Ahmad Salkida, CBN is not waging any war against legitimate business/enterprises, rather what you have just describe is an illegitimate enterprise because from your description your business is not registered in Nigeria and you never mentioned if yours is registered as a legitimate enterprise abroad, neither does your business has any registered address in Nigeria or any documentation to show that you are with CAC Nigeria nor paying taxes to the FIR department or the state tax office.
Note: You need to show proof of all these and others not mentioned in this piece ''documentation wise'' for me to really take your narrative seriously.
Those selling on your behalf in your narrative do not do those buying and selling mentioned by you as a legitimate business/responsible law abiding citizen because of it's informality. Therefore, your actions or inactions either by omission or commission can best be describe as smuggling. You are a smuggler.
I am using that word because I know you are knowledgeable enough to know the implication of your actions
If you want government recognition and support come with genuine documentation to support your claim.
Please show me your tax papers on all the goods you have imported or smuggled into Nigeria in the past years as claimed in your piece. I think the federal inland revenue needs to visit you soonest.
It is a pity you are not in Nigeria so you can for now escape the visitation but the long arms of the law is like an octopus.
Watch this space.
OTUNBA ADE ILEMOBADE is a philosopher
Twitter: @pearl2prince
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