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<v Speaker 1>To another space with me, calu Aja, and on the

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<v Speaker 1>space we're talking money, the economy and of course finance.

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<v Speaker 1>And this week we have a lot to talk about,

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<v Speaker 1>but we're going to talk really about the Federal Government

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<v Speaker 1>of Nigeria's new Executive Order Number fifteen and the title

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<v Speaker 1>of that order is the Disclosure Depositive, Repatriation and Investment

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<v Speaker 1>of Eligible Foreign Exchange Assets and Order related Matters. So

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<v Speaker 1>let me try to break it down for you. And

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<v Speaker 1>I don't know if you guys have that older if

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<v Speaker 1>you go to pull it up, because essentially what we

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<v Speaker 1>want to do today we want to understand what's going on.

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<v Speaker 1>You know, we don't want to accuse who don't to

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<v Speaker 1>ask if you don't know what's going on why the

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<v Speaker 1>Federal God of Nigeria is asking Nigerias to disclose and

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<v Speaker 1>send back foreign Jurisay currency back to Nigeria. And I'm

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<v Speaker 1>quoting from the gazette, so.

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<v Speaker 2>Be a good idea if you pull it off.

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<v Speaker 1>You can pull the gazette or you can pull up

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<v Speaker 1>to go to the Central Bank of Nigeria. On that

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<v Speaker 1>circulars right, you able to see the actual circular that Nigeria,

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<v Speaker 1>the Central back of Nigeria has now advised banks in

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<v Speaker 1>Nigeria to then adopt to implement this executive order. But

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<v Speaker 1>it's a rather strange one. And again I'll try to.

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<v Speaker 2>Go to my tweets and repost what I did so

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<v Speaker 2>you guys can us follow.

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<v Speaker 1>It's a very simple executive order and they are about

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<v Speaker 1>let me see one. Let me just see the chapters

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<v Speaker 1>there just about one to eight or so you have

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<v Speaker 1>one to nine one to nine actual should we say chapters,

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<v Speaker 1>and it's very strange. The first thing is stand up

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<v Speaker 1>by saying, listen, we acknowledge that Nigerians have.

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<v Speaker 2>Illegal right like let me quote them, so I'm no errors.

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<v Speaker 1>There are significant amount of internationally traded foreign currency including

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<v Speaker 1>cash lawfully held by Nigerian's within Nigeria and the DASPRA

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<v Speaker 1>and themsileth off shore and on shore.

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<v Speaker 3>So this that's the.

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<v Speaker 1>First day that listen, Nigerians are lawfully holding foreign currency

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<v Speaker 1>in Nigeria and offshore.

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<v Speaker 2>Again, Nigerians are the DIASPRA.

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<v Speaker 1>So once you're Nigerian with Nigerian passport holding foreign currency

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<v Speaker 1>in Nigeria and the DASBRA, this is who they are

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<v Speaker 1>talking to.

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<v Speaker 2>This specified it right there. Then next thing.

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<v Speaker 1>I just go into and to say the minister, which minister,

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<v Speaker 1>the Minister of Finance shot.

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<v Speaker 2>Within ninety days from the effective date of this executive order.

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<v Speaker 1>This order is dated nineteenth of October, so we say

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<v Speaker 1>ninety days, that's October November December, so by nineteenth of

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<v Speaker 1>January more or less, so by nineteenth or January, right,

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<v Speaker 1>we're going to approve or establish this foreign currency quality

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<v Speaker 1>disclosion of scheme. And what they're asking us to do,

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<v Speaker 1>which is you and I ninegerianus that were number one,

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<v Speaker 1>we should disclose our international tradeable foreign dollar. So they

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<v Speaker 1>want you and I to disclose our foreign currency. Why

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<v Speaker 1>I don't know. Why should TE disclose What I have

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<v Speaker 1>in foreign currency? Is it owned by myself or by

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<v Speaker 1>the government. I mean, it's a it's an asset, it's

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<v Speaker 1>not income.

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<v Speaker 2>Why am I disclosing?

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<v Speaker 1>And again why am I disclosing If I'm going to

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<v Speaker 1>pay tax on it, if I'm in a dancepor what

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<v Speaker 1>does the nineteen government have to do with my dollar?

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<v Speaker 3>Let's go on?

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<v Speaker 2>Then number two is one actually gets men.

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<v Speaker 1>They said we should deposit these dollars hell in cash

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<v Speaker 1>or retain within Nigeria.

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<v Speaker 2>We have to take it to the bank.

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<v Speaker 1>So, if you're a Nigerian in Nigeria with dollars in

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<v Speaker 1>your possession outside the banking system, this executive order is

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<v Speaker 1>asking to take the dollars.

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<v Speaker 2>To a bank in Nigeria.

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<v Speaker 1>That's gonna go to you. Why should he go to a

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<v Speaker 1>bank in Nigeria. Why can't I keep it? Why can't

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<v Speaker 1>I keep it in my own dollar account?

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<v Speaker 3>Why?

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<v Speaker 1>Why why could I keep to my seat? Why must

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<v Speaker 1>he go to a bank? It's not legal tender. The

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<v Speaker 1>niger government does not own dollar. But I've been told

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<v Speaker 1>repeatedly that the dollars are not legal tendant. And just

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<v Speaker 1>why is a gentleman asking for my dollars? Did they

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<v Speaker 1>give it to me? Let's what you can tell.

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<v Speaker 2>The tailor is one that actually is very very interesting.

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<v Speaker 1>Then now asking Nigeria is that we should repatriate and

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<v Speaker 1>I'm quoting repatriation of disclosed internationally treated foreign currency held

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<v Speaker 1>offshore in cash or retain and then I try to

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<v Speaker 1>form through approved channels.

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<v Speaker 2>Why why is the government asking me?

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<v Speaker 1>Maybe I work in the UK, but I'm in Nigeria

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<v Speaker 1>and I work in Canada. Why is Nigerian woman asking

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<v Speaker 1>me to send my dollars that I've earned to Nigeria.

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<v Speaker 1>I'm putting the bank in Nigeria. Does this make sense

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<v Speaker 1>to anyone? Again, I'm trying to understand what where the

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<v Speaker 1>government is coming from. Perhaps we're missing something, So let

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<v Speaker 1>me summarize.

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<v Speaker 2>Number one. He says that if you are in Nigerian,

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<v Speaker 2>living in Nigeria.

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<v Speaker 1>Or in the diaspora, that's specified school this bill is

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<v Speaker 1>for this sective order fifteen, it's for Nigeria's living in

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<v Speaker 1>Nigeria and that's number one.

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<v Speaker 2>Number two.

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<v Speaker 1>He then says that if you are living in Nigeria,

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<v Speaker 1>you should take your dollars, your physical dollars in cash

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<v Speaker 1>or electorality form and take it to the Nigerian bank.

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<v Speaker 2>That's number one, number two.

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<v Speaker 1>He then says that if you are in Nigeria living abroad,

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<v Speaker 1>so you're in the diaspora, and you have the say

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<v Speaker 1>back for America or TID Bank in Canada to take

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<v Speaker 1>that money from TIDI Bank of Nigeria of Canada and

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<v Speaker 1>Bank of America and take it back to Nigeria back.

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<v Speaker 1>Why you know, so I put this up. Folks are asking, oh,

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<v Speaker 1>maybe they want.

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<v Speaker 4>To do.

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<v Speaker 2>Why you know, why is it so broad?

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<v Speaker 1>And I try so that what I said is that

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<v Speaker 1>victim simony that works for Napoli to take his euros

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<v Speaker 1>from the bank where his euros are and bring to

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<v Speaker 1>Nigeria center it because you conjure of iuela center born

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<v Speaker 1>it should take that dollars weapase is it? I'm bringing

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<v Speaker 1>it back to Nigeria. It makes no sense, no sense whatsoever,

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<v Speaker 1>and look at why it makes no sense. Last I

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<v Speaker 1>believe it was dollars or so, Nigeria issued a dollar bond,

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<v Speaker 1>which meant that Nigeria borrowed dollars not from the eurobond

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<v Speaker 1>but from Nigeria's in Nigeria. So we issued a five

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<v Speaker 1>hundred million dollar dollar bond, the first ever.

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<v Speaker 2>In history of Nigeria.

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<v Speaker 1>Each if europe bond wherever europones are, dollars were borrowing

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<v Speaker 1>outside Nigeria.

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<v Speaker 2>So we now putrow dollars in Nigeria.

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<v Speaker 1>Does that eurobond is paying about nine percent to the

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<v Speaker 1>food that bought that eurobond.

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<v Speaker 2>So if I was in Nigeria and I bought that eurobond,

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<v Speaker 2>the federal government pay me about nine percent.

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<v Speaker 1>But now the same federal government is asking me to

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<v Speaker 1>go to my bank in Canada or the US take

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<v Speaker 1>out my dollars, are paying me four percent in America

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<v Speaker 1>and bring it to Nigeria and putting their dorma account.

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<v Speaker 1>O pay me nothing for what reason? What legal right

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<v Speaker 1>do they have to do this? Why are they doing it?

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<v Speaker 1>Do they not understand that this.

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<v Speaker 2>Is going to scare people that are going.

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<v Speaker 1>To go after the dorm account? Why are not continuing

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<v Speaker 1>with a dollar bond? Why ask Nigerians in the diaspora

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<v Speaker 1>to go to their bank and repatriate this closed phone

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<v Speaker 1>that they did not get from the nights? Your government

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<v Speaker 1>photos don't export us? What is the reason? I don't

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<v Speaker 1>talk too much. I've got some folks here, Paul, Paul hopping,

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<v Speaker 1>Can you explain what's going on?

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<v Speaker 2>What's your take on what you are reading?

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<v Speaker 3>Paul being a go.

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<v Speaker 2>Ahead, say you got the floor? Help me out here, Paul, Paul.

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<v Speaker 1>Going on, Paul going to because ys neck vast New

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<v Speaker 1>York hand said that name verse next.

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<v Speaker 2>The vast or Thanks for correct How are you doing fast?

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<v Speaker 3>Now?

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<v Speaker 2>Please go ahead? He help me out here? What's going on?

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<v Speaker 2>What's your take?

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<v Speaker 3>Well?

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<v Speaker 2>I just joined you really so I'll see trying to

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<v Speaker 2>grab Yeah, that's what what I'm saying. Is very simple.

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<v Speaker 2>That's an executive Order fifteen.

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<v Speaker 1>The order says that Nigeria's in Nigeria and it does

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<v Speaker 1>I should take their dollars in their homes in Nigeria

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<v Speaker 1>and the banks abroad whenever they have dollars or any

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<v Speaker 1>foreign currency and take the Nigerian bank. That's a storm

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<v Speaker 1>of what's going on And I'm asking why and I'm

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<v Speaker 1>asking what's the reason why. So I see my my

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<v Speaker 1>friends they heard that isn't from the UK. I see

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<v Speaker 1>my friends from are on the space. That's what they're

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<v Speaker 1>saying that you should go to your bank, take the

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<v Speaker 1>money and bring Nigerian bank. And I'm just asking why,

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<v Speaker 1>what's what legal right today have and why they do this?

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<v Speaker 1>Do you have any take on that?

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<v Speaker 3>Okay? Is it bringing it back? I say, sary colar account.

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<v Speaker 2>Or nara, It doesn't doesn't matter.

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<v Speaker 1>Bring you this for this is if this is the disclosure,

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<v Speaker 1>deposit repatriation of eligible foreign exchange. That's the name of

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<v Speaker 1>the detective order. So we are talking about quote unquote dollars.

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<v Speaker 1>We are saying, if you're in Nigela abroad, get back Ben.

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<v Speaker 1>What's your take on what's Ben? What's happening? Ben ben

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<v Speaker 1>our works what's happening.

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<v Speaker 5>And everybody calum, Yeah, I just go think right now.

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<v Speaker 5>I just I'm trying to So what are your requests.

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<v Speaker 6>To speaks with the executive I've said it more than

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<v Speaker 6>four times, Ben, let me say it again.

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<v Speaker 3>Right.

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<v Speaker 2>The executive order is the Executive Order fifteen.

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<v Speaker 1>It says that if you're Nigeria, in Nigeria or living

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<v Speaker 1>outside Nigeria, got to things. Number one, you should disclose

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<v Speaker 1>your foreign currency holdings.

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<v Speaker 2>So if you have dollars outside the bank disclosed number one.

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<v Speaker 1>Number two, if you take those dollars if you live

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<v Speaker 1>in Nigeria to Nagrian bank. Number three, if you leave

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<v Speaker 1>abroad and you in Nigeria, you take those dollars from

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<v Speaker 1>your nights from your broad bank abroad and repatraate it

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<v Speaker 1>to Nigeria to be put into a Nigerian bank. That's

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<v Speaker 1>what they're asking to do. Those are three things instormy.

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<v Speaker 1>So if you don't know, don't, don't request to speak.

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<v Speaker 1>If you don't, don't don't request to speak to ask.

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<v Speaker 3>Right.

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<v Speaker 2>The order is on the foot of fifteen. You can

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<v Speaker 2>google it.

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<v Speaker 1>Then you ask me a question point to request the

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<v Speaker 1>speak to ask me to say it again then, so

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<v Speaker 1>let's get oxen tech.

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<v Speaker 2>What's in your mind? Yes, oh yeah, you doing I'm

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<v Speaker 2>doing very well.

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<v Speaker 7>How are you doing?

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<v Speaker 2>What's happens in your mind?

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<v Speaker 7>So I'll tell you to.

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<v Speaker 2>Look at that.

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<v Speaker 7>What I see is, you know, it's an over basically, and.

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<v Speaker 3>It's an over decens that they believe or may believers.

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<v Speaker 8>Nigeria's all over the place, the Manday Liberians, particularly nas

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<v Speaker 8>that are carrying their passport.

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<v Speaker 7>If you're playing and your passport, that's.

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<v Speaker 9>I believe that's the target.

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<v Speaker 8>So if you're not, if you're not having an idea passport,

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<v Speaker 8>maybe you may not be your.

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<v Speaker 1>Life saying that as b're saying, that means if you're

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<v Speaker 1>in Nigeria with American passport, you are still niger as bro.

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<v Speaker 3>Yes, I understand that.

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<v Speaker 7>So where where I think they borrow that?

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<v Speaker 8>Let me say, let me anything where they borrow that,

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<v Speaker 8>that's what made them wanted to be able.

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<v Speaker 10>To do this.

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<v Speaker 9>From the United States, where the US is As.

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<v Speaker 11>Long as you are American city is in you are

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<v Speaker 11>you are allowing to pay that to the U S conference?

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<v Speaker 10>What are you.

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<v Speaker 2>Reside in the US or you you live.

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<v Speaker 9>For so so US is eighty in the world allow

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<v Speaker 9>to play task for the US con except you're not.

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<v Speaker 3>You announce your issue.

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<v Speaker 7>That's that's it. So that is where I think this

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<v Speaker 7>thing came from.

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<v Speaker 3>So if the government.

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<v Speaker 8>Beneath that, you know, they absolutely because that's where what

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<v Speaker 8>I just said, they will get to that. This is

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<v Speaker 8>just to test the they will get to the side

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<v Speaker 8>whereas all over the place and I will now not.

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<v Speaker 3>Becompliable to play fast.

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<v Speaker 8>The governments it doesn't much have that you need wherever

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<v Speaker 8>you any your income, it.

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<v Speaker 3>Doesn't really matter. So that's where listen is coming from.

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<v Speaker 7>So, like I said, it's an overage.

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<v Speaker 3>The government is becoming one more desperate.

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<v Speaker 8>Now the governments has answered the last I say, maybe

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<v Speaker 8>the eighty billion dollar. Of course governments has government is

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<v Speaker 8>stalling income from themselfws they also if you issue the

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<v Speaker 8>dollar bond, which of course really that's that go on

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<v Speaker 8>the issue. I believe what's part of their their their

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<v Speaker 8>effects is to what it is today. So it's just

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<v Speaker 8>it's just an act of the situation. Right, Okay, that's

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<v Speaker 8>there's nothing else I can think that it's Suppo said that.

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<v Speaker 7>I kind of see. Another points is it's a reported.

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<v Speaker 8>Sometimes they go that's the total display accounts for that

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<v Speaker 8>the deposits all the bound to report they have deposit

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<v Speaker 8>positions today.

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<v Speaker 12>I think they mentioned that the taposes in the Sere.

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<v Speaker 3>Account at the time. They think that it was before

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<v Speaker 3>in your MHM.

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<v Speaker 12>So what it tells all, What it tells is governments

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<v Speaker 12>in the government that said.

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<v Speaker 3>They have an on that money.

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<v Speaker 8>Now they are trying to see how that money can

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<v Speaker 8>be kind of county. I don't know how how they

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<v Speaker 8>want to get that money to work for them. No,

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<v Speaker 8>I mean over to just like you said, you an

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<v Speaker 8>access he said, the phones are in.

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<v Speaker 3>About in US the books like or euro or g VP,

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<v Speaker 3>the account that past all. So yeah, yeah they have that.

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<v Speaker 3>I'm wondering how they will.

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<v Speaker 8>Be able to approach you know, they got past say

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<v Speaker 8>you know that you have this money your your.

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<v Speaker 3>Cod you know. I don't know what they want to do.

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<v Speaker 2>Yeah, I think it made a good point. Let me

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<v Speaker 2>us say this life.

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<v Speaker 1>So when you pay taxes, you pay taxes on income.

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<v Speaker 1>So even the US system will not ask you to

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<v Speaker 1>take your money. If you're a US citizen and you

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<v Speaker 1>are in Nigeria, the US coming, I'm gonna ask you

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<v Speaker 1>take all your money from Nige from the US, I'm

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<v Speaker 1>moving back to Nigeria.

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<v Speaker 2>U S would say, pay US taxes. So you and

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<v Speaker 2>you pay taxes. This this all that is saying.

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<v Speaker 1>And I'm courting and I'm quoting. No, I'm not, I'm

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<v Speaker 1>not miss I'm quoting. I'm not anybody. Repatriation of disclosed

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<v Speaker 1>internationally in table, foreign currency, held offshore, in cash or

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00:16:10.639 --> 00:16:14.360
<v Speaker 1>written electing from true approved channel. So essentially, if you're

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<v Speaker 1>in Nigeria, if you are victim or siban and you

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<v Speaker 1>are any sixty eight million or whatever they paid you

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<v Speaker 1>as your sign of the fee the government sent, should

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<v Speaker 1>take that money from the bank and bring it to

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<v Speaker 1>Nigeria and putting their down account.

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<v Speaker 2>That's what they're saying. And so yeah, so I I

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<v Speaker 2>agree with you, but just saying it just makes makes those.

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<v Speaker 3>Sense to me and I hear what you're saying about.

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<v Speaker 8>It doesn't seem make sense that the government would ask

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<v Speaker 8>you to bring your assets wherever your holding the.

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00:16:46.759 --> 00:16:54.720
<v Speaker 3>Nigeria and deposit like it doesn't make any sense.

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<v Speaker 8>Yeah, if you read that cyclear they didn't disclude some

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00:17:00.360 --> 00:17:05.799
<v Speaker 8>of the policies see our center. There's no way objective

303
00:17:05.880 --> 00:17:08.480
<v Speaker 8>you're trying to why they are They're telling why.

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<v Speaker 3>They are trying to do this.

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00:17:09.559 --> 00:17:11.599
<v Speaker 11>Some of the regulations, you know why they're doing this

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00:17:11.759 --> 00:17:14.480
<v Speaker 11>is one of these that intentional.

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00:17:14.640 --> 00:17:18.000
<v Speaker 9>Is not just that they just came out and said, yeah,

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00:17:18.319 --> 00:17:18.880
<v Speaker 9>the center.

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00:17:18.759 --> 00:17:24.359
<v Speaker 1>Bug is trying to implement fifteen exactly exactly. Good call

310
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<v Speaker 1>out because this is disappointing. And that's what I read.

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<v Speaker 1>I said, it's only nineteen mine mine points, and they

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00:17:30.440 --> 00:17:32.640
<v Speaker 1>go and they just go straight to the point that

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<v Speaker 1>the first of all, I acknowledge that you are lawfully

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<v Speaker 1>allowed as in Nigerian to hold foreign currency in Nigeria.

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00:17:41.799 --> 00:17:43.359
<v Speaker 2>And then that's but they acknowledged that.

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00:17:43.839 --> 00:17:46.759
<v Speaker 1>The next center simply said win in ninety days, bring

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00:17:46.799 --> 00:17:47.680
<v Speaker 1>them went back Nigeria.

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00:17:47.960 --> 00:17:52.240
<v Speaker 2>There's no explanation, there is no media. It's just you

319
00:17:52.400 --> 00:17:52.920
<v Speaker 2>have the love for.

320
00:17:52.960 --> 00:17:55.319
<v Speaker 1>Right to hold dollars number two, bring dollars back to

321
00:17:55.440 --> 00:17:56.599
<v Speaker 1>Nigeria makes no sense.

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00:17:56.720 --> 00:17:57.720
<v Speaker 2>Let me get dammy in here.

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<v Speaker 3>Demmi. Are you?

324
00:17:59.400 --> 00:18:02.720
<v Speaker 1>Are you who we're talking about? Found that the government

325
00:18:02.839 --> 00:18:06.079
<v Speaker 1>is asking you. I know you you're having Nigerian name,

326
00:18:06.480 --> 00:18:08.400
<v Speaker 1>I know you're living Nineteia. The comment is saying that

327
00:18:08.599 --> 00:18:12.640
<v Speaker 1>you should clear out your bank account and bring the

328
00:18:12.720 --> 00:18:18.119
<v Speaker 1>money to Ninegerian bank. What are you doing there, demi

329
00:18:21.640 --> 00:18:22.519
<v Speaker 1>demis not to speak.

330
00:18:22.599 --> 00:18:23.880
<v Speaker 2>Let's go to abdu Abdu.

331
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<v Speaker 3>I think this politicians.

332
00:18:31.680 --> 00:18:34.599
<v Speaker 2>Yeah, I'll get you real quick. I do it just

333
00:18:34.640 --> 00:18:35.599
<v Speaker 2>speaking them and I'll come back to you.

334
00:18:36.079 --> 00:18:39.759
<v Speaker 3>Ahead. Yeah, I said, I think there's politicians. It's simple.

335
00:18:39.880 --> 00:18:43.519
<v Speaker 3>They just enjoy making unnecessary laws. So if I live

336
00:18:43.559 --> 00:18:48.960
<v Speaker 3>in the US, work, get my pay in best for

337
00:18:49.119 --> 00:18:52.839
<v Speaker 3>one K, pay my bills and then whatever I have left,

338
00:18:53.400 --> 00:18:54.799
<v Speaker 3>I get to take you to nice year and well

339
00:18:54.839 --> 00:18:55.720
<v Speaker 3>I'm living overseas.

340
00:18:55.799 --> 00:18:59.559
<v Speaker 1>No saying that any morning you have in the bank

341
00:18:59.640 --> 00:19:02.000
<v Speaker 1>should I'm not saying. They're saying the money you have

342
00:19:02.119 --> 00:19:04.839
<v Speaker 1>in the bank should come that is specified. The Since

343
00:19:04.880 --> 00:19:07.640
<v Speaker 1>you are saying no, they said, bring it to Nigeria,

344
00:19:07.920 --> 00:19:10.359
<v Speaker 1>then you usual Nigerian cannot pay for groceries and costco

345
00:19:10.559 --> 00:19:11.599
<v Speaker 1>because that's what they're saying.

346
00:19:11.920 --> 00:19:13.839
<v Speaker 2>I'm really the deal of life for life.

347
00:19:14.160 --> 00:19:17.000
<v Speaker 1>They said, if you are in foreigner, sorry, if you're

348
00:19:17.039 --> 00:19:24.079
<v Speaker 1>in the diaspora, you should really portray your disclosed internationals

349
00:19:24.319 --> 00:19:29.880
<v Speaker 1>dollar held offshore in cash or retained in electronic form

350
00:19:30.440 --> 00:19:33.079
<v Speaker 1>maybe crypto and moving to Nigeria.

351
00:19:33.160 --> 00:19:33.960
<v Speaker 2>So they're saying.

352
00:19:35.720 --> 00:19:39.240
<v Speaker 3>It's I don't know how we implemented. I mean it

353
00:19:39.480 --> 00:19:42.359
<v Speaker 3>really really does not make sense. And it's it's like.

354
00:19:42.920 --> 00:19:45.559
<v Speaker 12>They kind of push a lot of us that actually

355
00:19:45.640 --> 00:19:46.000
<v Speaker 12>want to.

356
00:19:46.039 --> 00:19:47.559
<v Speaker 2>Do something in nice years.

357
00:19:47.640 --> 00:19:51.160
<v Speaker 3>It's just twice. It's just I don't even know what

358
00:19:51.319 --> 00:19:54.839
<v Speaker 3>to make of it. It's true money, yeahsh not true.

359
00:19:55.119 --> 00:19:55.880
<v Speaker 3>I don't know. Job.

360
00:19:56.079 --> 00:19:56.359
<v Speaker 13>You see.

361
00:19:56.400 --> 00:19:58.599
<v Speaker 1>Why they're doing is that when you have a law

362
00:19:58.759 --> 00:20:01.519
<v Speaker 1>in place, they you can hold people that they did

363
00:20:01.599 --> 00:20:05.039
<v Speaker 1>not follow that law. Today, abdull I can't come to

364
00:20:05.160 --> 00:20:07.519
<v Speaker 1>you and say you've come to the crime. You're in America.

365
00:20:07.880 --> 00:20:12.359
<v Speaker 1>But tomorrow I have you in Nigeria. I can say, well,

366
00:20:12.400 --> 00:20:13.680
<v Speaker 1>do you have a bank account abroad?

367
00:20:13.799 --> 00:20:14.000
<v Speaker 3>Yes?

368
00:20:14.480 --> 00:20:16.359
<v Speaker 2>Have you bron out going to Nigeria? And no, you've

369
00:20:16.359 --> 00:20:17.119
<v Speaker 2>come down offense.

370
00:20:17.839 --> 00:20:18.079
<v Speaker 3>Wow?

371
00:20:18.359 --> 00:20:18.680
<v Speaker 2>You see.

372
00:20:18.839 --> 00:20:19.880
<v Speaker 3>You see what I'm going to do with this.

373
00:20:20.319 --> 00:20:22.920
<v Speaker 1>So once you set up a law, you don't have

374
00:20:23.000 --> 00:20:24.960
<v Speaker 1>to you don't have to follow through with the law,

375
00:20:25.759 --> 00:20:29.279
<v Speaker 1>but non compliance puts you in variance with the law,

376
00:20:29.359 --> 00:20:30.119
<v Speaker 1>which is where what.

377
00:20:30.359 --> 00:20:33.200
<v Speaker 2>I'm we're holding this space. Have you guys had anybody

378
00:20:33.319 --> 00:20:37.039
<v Speaker 2>else holding space on this? Have they even heard of this?

379
00:20:37.279 --> 00:20:40.240
<v Speaker 1>Out of these people, the first three guys that chopped

380
00:20:40.279 --> 00:20:42.319
<v Speaker 1>on the space said they have not heard about it.

381
00:20:43.079 --> 00:20:47.039
<v Speaker 1>But this is they're saying Nigeria. They don't know specification.

382
00:20:47.240 --> 00:20:49.480
<v Speaker 1>If you live abroad, you live in Nigeria, bring your

383
00:20:49.519 --> 00:20:51.279
<v Speaker 1>dollars putting back in Nigeria.

384
00:20:52.160 --> 00:20:53.160
<v Speaker 2>It's it's funny.

385
00:20:54.079 --> 00:20:58.160
<v Speaker 3>It's so man. This is is actually getting scary because yes,

386
00:20:58.359 --> 00:21:00.240
<v Speaker 3>again some of us are in that middle. You can

387
00:21:00.559 --> 00:21:03.920
<v Speaker 3>think about summery time Nigeria. Sorry, if I decided to

388
00:21:04.039 --> 00:21:08.559
<v Speaker 3>move based in Nigeria, they could come after me any time.

389
00:21:08.759 --> 00:21:09.720
<v Speaker 3>You know, it's a law.

390
00:21:10.079 --> 00:21:14.400
<v Speaker 1>There's a CBS Secular and again guys google it don't

391
00:21:14.480 --> 00:21:18.680
<v Speaker 1>follow my good executive order fifteen. If you can't get

392
00:21:19.119 --> 00:21:22.480
<v Speaker 1>I go to the CBN, the CUE, the Secular based

393
00:21:22.599 --> 00:21:26.680
<v Speaker 1>on this executive order fifteen, say phago order, it will

394
00:21:26.720 --> 00:21:30.240
<v Speaker 1>pop up, Dammy with dammies dropped off.

395
00:21:31.559 --> 00:21:32.920
<v Speaker 3>Where'd you go to? Denmie?

396
00:21:32.960 --> 00:21:33.559
<v Speaker 2>Please hop back.

397
00:21:34.000 --> 00:21:34.839
<v Speaker 10>I can get you in here.

398
00:21:35.160 --> 00:21:38.640
<v Speaker 2>Joseph, I don't thank someone Joseph deep some time.

399
00:21:38.799 --> 00:21:43.920
<v Speaker 3>Joseph, Yeah, yeah, thank you guys for you know holding

400
00:21:44.000 --> 00:21:44.400
<v Speaker 3>this best.

401
00:21:44.440 --> 00:21:46.599
<v Speaker 14>Actually you know what you gave a message you but

402
00:21:46.920 --> 00:21:48.359
<v Speaker 14>you know that executive order.

403
00:21:49.000 --> 00:21:52.000
<v Speaker 3>But the then I say it bout that, I mean

404
00:21:53.119 --> 00:21:55.359
<v Speaker 3>impet everybody is giving it's very vallenge.

405
00:21:55.440 --> 00:21:57.160
<v Speaker 14>But first I think we have to look at it

406
00:21:57.279 --> 00:22:00.440
<v Speaker 14>in a point that it is an executive order is

407
00:22:00.519 --> 00:22:02.880
<v Speaker 14>naturally a law, which means some part of it is

408
00:22:02.960 --> 00:22:06.319
<v Speaker 14>probably not going to be impossible. You know, that's a

409
00:22:06.440 --> 00:22:08.519
<v Speaker 14>that's a problem that they would have to finish because

410
00:22:08.599 --> 00:22:11.759
<v Speaker 14>you know, the president writing an executive order doesn't necessarily

411
00:22:11.920 --> 00:22:13.640
<v Speaker 14>mean that's the law of the land.

412
00:22:14.079 --> 00:22:14.559
<v Speaker 3>Right, So.

413
00:22:17.960 --> 00:22:21.359
<v Speaker 1>There's already a Central Bank circular asking the banks on

414
00:22:21.480 --> 00:22:22.319
<v Speaker 1>what to do and all that.

415
00:22:22.640 --> 00:22:28.839
<v Speaker 2>Does that count? Just what I'm saying this, there's already

416
00:22:28.839 --> 00:22:31.920
<v Speaker 2>a Central Bank what's it called order on this?

417
00:22:32.400 --> 00:22:34.559
<v Speaker 1>And again just a Robert I'm saying what the point

418
00:22:34.640 --> 00:22:38.880
<v Speaker 1>I'm making they don't have to implement it as long

419
00:22:39.000 --> 00:22:41.799
<v Speaker 1>as that order is out there. If you don't comply,

420
00:22:42.000 --> 00:22:45.400
<v Speaker 1>then you are in various on your contralation of an

421
00:22:45.440 --> 00:22:46.279
<v Speaker 1>executive order.

422
00:22:47.079 --> 00:22:49.839
<v Speaker 2>So if it's not law, why is the president doing this?

423
00:22:51.680 --> 00:22:54.680
<v Speaker 1>So I'm not sure if you're still back here them

424
00:22:54.720 --> 00:22:58.680
<v Speaker 1>take doctor Obi, doctor Obi? How about you, sir, doctor

425
00:22:58.759 --> 00:23:04.200
<v Speaker 1>b Doctor Obi? A came please hop in a real quick.

426
00:23:05.880 --> 00:23:11.359
<v Speaker 2>Hope you just gonna hear me? Hey, if you give

427
00:23:11.359 --> 00:23:13.200
<v Speaker 2>me a tom can you hear Can you still hear me?

428
00:23:14.920 --> 00:23:15.079
<v Speaker 15>Yes?

429
00:23:15.599 --> 00:23:15.759
<v Speaker 7>Yes?

430
00:23:15.799 --> 00:23:18.200
<v Speaker 1>Look after the after if you want to help and

431
00:23:18.240 --> 00:23:20.640
<v Speaker 1>real quick. I'm gonna give you a together. Josef, you

432
00:23:20.759 --> 00:23:21.200
<v Speaker 1>dropped off.

433
00:23:22.319 --> 00:23:26.720
<v Speaker 2>Let's get our hams or hams urhams killed up front here?

434
00:23:26.799 --> 00:23:31.039
<v Speaker 2>What are your mind? Yeah, go ahead, sir him. Nice

435
00:23:31.079 --> 00:23:31.480
<v Speaker 2>to be here.

436
00:23:32.839 --> 00:23:37.240
<v Speaker 16>Thanks for all you on this other I'm just saying

437
00:23:37.279 --> 00:23:40.799
<v Speaker 16>I saw one line that says laundry disclosed to my question.

438
00:23:40.680 --> 00:23:44.160
<v Speaker 3>Is it for laundry? Eventually? I think once or twice, Yeah,

439
00:23:44.400 --> 00:23:48.400
<v Speaker 3>I just it's for laundry or yeah, telling everybody because

440
00:23:49.119 --> 00:23:50.079
<v Speaker 3>I'd stand.

441
00:23:50.000 --> 00:23:54.279
<v Speaker 2>There trying to really phones right to show your reserves.

442
00:23:53.960 --> 00:23:57.839
<v Speaker 16>And low you are patristic, Nageria should give you can

443
00:23:59.119 --> 00:24:05.240
<v Speaker 16>play your phones, help reserves whatever, economics and basic country.

444
00:24:05.559 --> 00:24:06.359
<v Speaker 7>It's sense right.

445
00:24:06.400 --> 00:24:09.039
<v Speaker 3>But if it is not voluntary, then that's what I

446
00:24:09.079 --> 00:24:09.599
<v Speaker 3>have a problem.

447
00:24:09.720 --> 00:24:16.920
<v Speaker 2>So everybody, the question is the question to you is

448
00:24:17.000 --> 00:24:21.240
<v Speaker 2>that if it's why put a law. If it's voluntary today,

449
00:24:21.400 --> 00:24:21.720
<v Speaker 2>can't you.

450
00:24:23.359 --> 00:24:23.599
<v Speaker 3>That's what?

451
00:24:23.759 --> 00:24:28.519
<v Speaker 1>So that question is it is beaton switched today, victor.

452
00:24:28.880 --> 00:24:31.960
<v Speaker 1>You and I can't take our dollars to Nigeria.

453
00:24:32.000 --> 00:24:33.839
<v Speaker 2>We don't got a government law for that.

454
00:24:34.559 --> 00:24:35.440
<v Speaker 3>So why when you.

455
00:24:35.519 --> 00:24:38.680
<v Speaker 1>Say it is you put the secular from the president,

456
00:24:39.640 --> 00:24:41.599
<v Speaker 1>then you put this sector from the Central Bank.

457
00:24:41.880 --> 00:24:46.359
<v Speaker 2>And then you say it's voluntary. I don't know. I

458
00:24:46.480 --> 00:24:50.920
<v Speaker 2>don't know. I mean, we know Nigeria. Sorry, we know Aduria.

459
00:24:51.039 --> 00:24:54.200
<v Speaker 1>So I would be careful to say, is soone told

460
00:24:54.240 --> 00:24:56.359
<v Speaker 1>me the same thing on Twitter is voluntary?

461
00:24:56.400 --> 00:25:00.279
<v Speaker 2>Then what isn't an order? Where's that other? If you

462
00:25:00.279 --> 00:25:00.960
<v Speaker 2>said as a tax?

463
00:25:01.240 --> 00:25:03.440
<v Speaker 1>If you say because I know in South Korea a

464
00:25:03.519 --> 00:25:06.599
<v Speaker 1>long time ago, they passed a law that says, if

465
00:25:06.680 --> 00:25:07.039
<v Speaker 1>you had to.

466
00:25:07.079 --> 00:25:08.480
<v Speaker 2>Quote unquote, then you put stolen.

467
00:25:08.480 --> 00:25:10.279
<v Speaker 1>When they say that taking money out of the country,

468
00:25:10.319 --> 00:25:12.640
<v Speaker 1>if get stolen money and brought the money back to

469
00:25:12.799 --> 00:25:15.279
<v Speaker 1>South Korea, they did not ask any questions.

470
00:25:15.359 --> 00:25:18.279
<v Speaker 2>That's where you have this chapel of the kire behind that.

471
00:25:18.319 --> 00:25:20.799
<v Speaker 1>If I was good, we were targeting when they had

472
00:25:20.839 --> 00:25:23.599
<v Speaker 1>the military who in the nineteen seventies, the president then

473
00:25:23.599 --> 00:25:25.759
<v Speaker 1>I think the General Park said if you bring the

474
00:25:25.799 --> 00:25:28.440
<v Speaker 1>money back to South Korea, no questions asked.

475
00:25:28.519 --> 00:25:31.160
<v Speaker 2>But they're not saying that in this bill. This plain

476
00:25:31.200 --> 00:25:31.720
<v Speaker 2>is not talking.

477
00:25:31.599 --> 00:25:35.359
<v Speaker 1>About corrupt cruising, not talking about it's saying all my durians.

478
00:25:36.079 --> 00:25:39.119
<v Speaker 1>So it is the ambiguity that is making me hop

479
00:25:39.160 --> 00:25:42.240
<v Speaker 1>on the space to answer questions, why is it so wild?

480
00:25:42.799 --> 00:25:45.720
<v Speaker 1>Why is it so ambiguous? To say all my Genians.

481
00:25:45.720 --> 00:25:49.119
<v Speaker 1>They even went as fas as they saying diaspora with men.

482
00:25:49.240 --> 00:25:51.519
<v Speaker 1>If you live abroad, you also.

483
00:25:51.400 --> 00:25:55.640
<v Speaker 2>Have to comply. Doesn't make any sense?

484
00:25:55.880 --> 00:25:59.799
<v Speaker 3>Yeah, it doesn't actually and I didn't want so.

485
00:26:00.039 --> 00:26:05.200
<v Speaker 8>Also autocratic like if you really like are you talking

486
00:26:05.279 --> 00:26:05.759
<v Speaker 8>to idio?

487
00:26:05.920 --> 00:26:07.279
<v Speaker 2>So like who are you are?

488
00:26:07.319 --> 00:26:08.279
<v Speaker 7>You are working for me?

489
00:26:08.359 --> 00:26:11.839
<v Speaker 3>The way? The way they want is a very strong wordings, so.

490
00:26:11.960 --> 00:26:15.400
<v Speaker 16>Tell me I be president mandating all this.

491
00:26:15.440 --> 00:26:15.960
<v Speaker 2>Stuff of man.

492
00:26:16.599 --> 00:26:20.640
<v Speaker 3>So my worry, Like like you said, I can excuse

493
00:26:20.680 --> 00:26:22.279
<v Speaker 3>a lot of things if at the end up d

494
00:26:23.039 --> 00:26:25.680
<v Speaker 3>what you're saying is for London. But if it doesn't

495
00:26:25.759 --> 00:26:27.720
<v Speaker 3>make sense because I have to tap, we can do that.

496
00:26:27.920 --> 00:26:29.200
<v Speaker 3>The potion would not be okay?

497
00:26:29.240 --> 00:26:30.480
<v Speaker 17>As you going to work like I've had a lot

498
00:26:30.480 --> 00:26:33.319
<v Speaker 17>of access, would I tell my people now I work,

499
00:26:33.519 --> 00:26:34.559
<v Speaker 17>like tell my office or.

500
00:26:34.599 --> 00:26:38.079
<v Speaker 3>Tell my company to begin to pay pay my salary

501
00:26:38.160 --> 00:26:38.799
<v Speaker 3>in my Nigeria.

502
00:26:38.880 --> 00:26:41.880
<v Speaker 4>But do that.

503
00:26:43.680 --> 00:26:46.400
<v Speaker 11>Mo that I have to transpire it down to Nigeria

504
00:26:46.839 --> 00:26:48.160
<v Speaker 11>then begin to use my car.

505
00:26:48.319 --> 00:26:48.640
<v Speaker 3>That's that.

506
00:26:48.839 --> 00:26:51.440
<v Speaker 7>Feels are almost a basic point that I try to

507
00:26:51.559 --> 00:26:51.720
<v Speaker 7>use it.

508
00:26:52.000 --> 00:26:53.640
<v Speaker 3>I have the town card sales.

509
00:26:53.799 --> 00:26:55.799
<v Speaker 8>Like like I don't even I don't put any like

510
00:26:55.880 --> 00:26:57.720
<v Speaker 8>I don't account because until I have.

511
00:26:57.799 --> 00:27:00.319
<v Speaker 3>The like working this for this pot was a walk.

512
00:27:00.400 --> 00:27:01.200
<v Speaker 12>So what's the point.

513
00:27:01.559 --> 00:27:03.759
<v Speaker 17>So so why do I don't need to go through

514
00:27:03.799 --> 00:27:07.319
<v Speaker 17>all that difficult I get pay dollars, I move it

515
00:27:08.039 --> 00:27:08.799
<v Speaker 17>through some.

516
00:27:09.559 --> 00:27:12.519
<v Speaker 18>They alive blow to start with the blow starting the

517
00:27:12.599 --> 00:27:13.200
<v Speaker 18>blots those.

518
00:27:13.559 --> 00:27:15.599
<v Speaker 17>I have to go through the then I have the

519
00:27:15.680 --> 00:27:17.400
<v Speaker 17>normal transfer that this is like if they ought to

520
00:27:17.480 --> 00:27:20.680
<v Speaker 17>write I keep my stity movie throughly.

521
00:27:20.480 --> 00:27:22.880
<v Speaker 9>Glow black as far as that we have here, and

522
00:27:23.039 --> 00:27:26.279
<v Speaker 9>those directions domb back, I don't miscaut.

523
00:27:25.880 --> 00:27:29.039
<v Speaker 17>Then take my dollar cars, then that start making my

524
00:27:29.480 --> 00:27:31.640
<v Speaker 17>purchases and pain for my groceries.

525
00:27:31.240 --> 00:27:34.000
<v Speaker 3>And all that stuff. Then when I can't aspires how

526
00:27:34.079 --> 00:27:36.559
<v Speaker 3>going to get it? How do I bring the totally

527
00:27:36.599 --> 00:27:39.880
<v Speaker 3>different conversation to have so it kind of work has

528
00:27:39.880 --> 00:27:42.279
<v Speaker 3>had to do. Whatever they're saying is nonsense. It cannot walk.

529
00:27:42.759 --> 00:27:44.680
<v Speaker 3>Starting if it's the launchry, like who wants to go

530
00:27:44.839 --> 00:27:47.680
<v Speaker 3>through the stress because I'm plotted to the country.

531
00:27:49.519 --> 00:27:51.680
<v Speaker 1>And let's let's let us talk on the other side.

532
00:27:51.720 --> 00:27:54.279
<v Speaker 1>Let's talk for what the government will say. They'll say, no,

533
00:27:54.400 --> 00:27:58.400
<v Speaker 1>we're being alarmist. That is a for launchry scheme, and

534
00:27:58.559 --> 00:27:59.400
<v Speaker 1>that they're saying you.

535
00:27:59.400 --> 00:28:00.440
<v Speaker 3>Can bring the back.

536
00:28:01.079 --> 00:28:03.680
<v Speaker 1>But the point we're making on the space that you

537
00:28:03.759 --> 00:28:07.000
<v Speaker 1>don't need a law like this city is voluntary, even

538
00:28:07.160 --> 00:28:09.960
<v Speaker 1>if it is volunchary the way you are mandating it

539
00:28:10.200 --> 00:28:14.640
<v Speaker 1>to say I should re portrate my currency back to

540
00:28:14.680 --> 00:28:17.680
<v Speaker 1>a Nigerian banking. You know, there's no other details. If

541
00:28:17.680 --> 00:28:19.880
<v Speaker 1>you look at it, I'm supposedly gonna pull it off.

542
00:28:20.279 --> 00:28:22.960
<v Speaker 1>It's just item want. It's the maintaing there. The rest

543
00:28:23.000 --> 00:28:27.759
<v Speaker 1>are just minister shall minister ministerial issue, blah blah, all

544
00:28:27.799 --> 00:28:32.039
<v Speaker 1>that kind of stuff. But the maintenance items one, one, two, three, abc, abc,

545
00:28:32.440 --> 00:28:33.039
<v Speaker 1>and it's done.

546
00:28:33.640 --> 00:28:35.799
<v Speaker 2>There is no It doesn't get if there's real rigor

547
00:28:36.039 --> 00:28:40.599
<v Speaker 2>done on this. And my fear is this, people.

548
00:28:40.359 --> 00:28:43.480
<v Speaker 1>Will interpret this in a way that is negative. They

549
00:28:43.519 --> 00:28:46.559
<v Speaker 1>will say you are going after them accounts. You don't

550
00:28:46.559 --> 00:28:50.440
<v Speaker 1>want to have people having on certainty about Nigeria. The

551
00:28:50.680 --> 00:28:54.839
<v Speaker 1>largest form of foreignite change, and it's Vanagi is crude

552
00:28:54.880 --> 00:28:58.480
<v Speaker 1>oil sales. The second is remittances. If you start to

553
00:28:58.599 --> 00:29:01.519
<v Speaker 1>go after admittances, people going to ignore the banks in

554
00:29:01.640 --> 00:29:05.200
<v Speaker 1>total and go towards p t b A that private management,

555
00:29:05.279 --> 00:29:08.119
<v Speaker 1>and it will hurt you more. You should be allowing

556
00:29:08.240 --> 00:29:10.880
<v Speaker 1>you to bring back currencies by doing what even the

557
00:29:10.960 --> 00:29:12.880
<v Speaker 1>other guys who are doing they were at the time

558
00:29:12.960 --> 00:29:16.319
<v Speaker 1>that you who were paying five narra pardolla, you bringing

559
00:29:16.920 --> 00:29:18.839
<v Speaker 1>who are paying that, who are encouraging to put the

560
00:29:18.880 --> 00:29:20.359
<v Speaker 1>bring dollars into the country.

561
00:29:20.839 --> 00:29:24.559
<v Speaker 2>Now you are mandating. You are like you're a beggar,

562
00:29:24.680 --> 00:29:28.079
<v Speaker 2>but you're mandating. Doesn't read well. If you ask me,

563
00:29:28.519 --> 00:29:29.079
<v Speaker 2>let me get in.

564
00:29:29.200 --> 00:29:33.079
<v Speaker 1>No information, got no information provided by the developer humanly

565
00:29:33.160 --> 00:29:33.920
<v Speaker 1>or called type.

566
00:29:33.960 --> 00:29:37.480
<v Speaker 2>You've got the floor. Oh I'm that no information? Go ahead, sir.

567
00:29:39.160 --> 00:29:45.440
<v Speaker 3>How are you doing everyone? Yeah? Very well? Thanks? How

568
00:29:45.440 --> 00:29:45.799
<v Speaker 3>about you?

569
00:29:46.200 --> 00:29:47.920
<v Speaker 2>I'm doing very well. Thanks for asking, sir.

570
00:29:50.079 --> 00:29:53.640
<v Speaker 3>Okay, thank you very much, coming for holding this space.

571
00:29:53.960 --> 00:29:56.680
<v Speaker 11>When I saw the executive order, but I did want.

572
00:29:56.599 --> 00:29:57.680
<v Speaker 3>To see the executive order.

573
00:29:58.240 --> 00:30:00.400
<v Speaker 12>What I saw was the persons from the the South

574
00:30:00.440 --> 00:30:04.319
<v Speaker 12>Finance and when I compare with your.

575
00:30:04.279 --> 00:30:09.240
<v Speaker 3>Saying when relative executive order and what the Finance minister said,

576
00:30:10.160 --> 00:30:12.000
<v Speaker 3>I saw some discreparances that.

577
00:30:14.200 --> 00:30:15.119
<v Speaker 2>They stand out to me.

578
00:30:15.720 --> 00:30:18.599
<v Speaker 3>So what the government is doing is not surprising to

579
00:30:18.680 --> 00:30:19.119
<v Speaker 3>me at all.

580
00:30:19.759 --> 00:30:22.160
<v Speaker 12>We've had these clear around dorm accounts for a while

581
00:30:22.799 --> 00:30:27.440
<v Speaker 12>and it's normal history gets out a countries that are

582
00:30:27.480 --> 00:30:29.480
<v Speaker 12>going through such economic displass.

583
00:30:30.000 --> 00:30:31.759
<v Speaker 3>We will often link towards this option.

584
00:30:34.599 --> 00:30:38.279
<v Speaker 19>When my journey did its Netherlands, the UK, Australia, in

585
00:30:38.359 --> 00:30:40.480
<v Speaker 19>the US, many countries in it stuf done is when

586
00:30:40.480 --> 00:30:47.079
<v Speaker 19>they're going through economic displace, various approachments on private property.

587
00:30:47.799 --> 00:30:49.440
<v Speaker 3>Would I be season gold, which all of.

588
00:30:49.480 --> 00:30:52.319
<v Speaker 12>Them did, or in season more assets it releally is

589
00:30:52.440 --> 00:30:55.279
<v Speaker 12>to World War Why my journey is which.

590
00:30:55.319 --> 00:30:58.440
<v Speaker 19>Is the more instructive example for me, because my joint

591
00:30:58.519 --> 00:31:01.400
<v Speaker 19>says in similar agent so hyper inflation.

592
00:31:02.599 --> 00:31:05.799
<v Speaker 3>But what I noticed in the executive in.

593
00:31:05.839 --> 00:31:09.440
<v Speaker 12>The press least from the Finance minister is that while

594
00:31:09.519 --> 00:31:14.920
<v Speaker 12>the executive executive or acknowledges that you can legally who usc.

595
00:31:16.240 --> 00:31:20.200
<v Speaker 3>The Finance minister presence is as if we're doing something wrong.

596
00:31:21.880 --> 00:31:25.200
<v Speaker 12>I posted in the thread attached to this space the.

597
00:31:27.279 --> 00:31:31.960
<v Speaker 3>Comments with the link to the article on delibus and

598
00:31:32.079 --> 00:31:33.880
<v Speaker 3>if you don't mind, I'm going to read this sneaker

599
00:31:33.960 --> 00:31:37.799
<v Speaker 3>service I'm causing from the article now.

600
00:31:37.720 --> 00:31:42.039
<v Speaker 12>On delipus, he said, and they are putting him one

601
00:31:42.079 --> 00:31:45.000
<v Speaker 12>elements of the cost increase is the foreign exchange rate,

602
00:31:45.519 --> 00:31:48.359
<v Speaker 12>and as is demand and supply. There's going to be

603
00:31:48.400 --> 00:31:51.240
<v Speaker 12>a release today in details and the federal governments, through

604
00:31:51.279 --> 00:31:54.640
<v Speaker 12>the Ministry and Finance in conjunction with the Central Bank

605
00:31:55.200 --> 00:31:59.160
<v Speaker 12>a program starting today the first of October and lasting

606
00:31:59.240 --> 00:32:02.119
<v Speaker 12>nine months that will allow people bring in cash that

607
00:32:02.279 --> 00:32:03.920
<v Speaker 12>is outside the banking system.

608
00:32:04.799 --> 00:32:06.240
<v Speaker 3>That's defense, but ash.

609
00:32:06.119 --> 00:32:11.160
<v Speaker 12>Outside the banking system. I don't think USD is a

610
00:32:11.279 --> 00:32:15.279
<v Speaker 12>property of recip and so whether there's us cash outside

611
00:32:15.279 --> 00:32:17.640
<v Speaker 12>the banking system or not should not matter to them.

612
00:32:17.680 --> 00:32:21.480
<v Speaker 3>It's not their business. But the Finance Minister said that

613
00:32:22.519 --> 00:32:26.799
<v Speaker 3>he went on and they are quoting therefore it is unsafe,

614
00:32:27.400 --> 00:32:27.680
<v Speaker 3>it is.

615
00:32:27.759 --> 00:32:30.880
<v Speaker 12>Unsecured, and it is outside of the legal limits.

616
00:32:31.519 --> 00:32:34.960
<v Speaker 3>Is a quote from the Finance Minister in the daily posts.

617
00:32:35.839 --> 00:32:39.000
<v Speaker 3>They will allow for pamens to bring dollar cash. Let

618
00:32:39.079 --> 00:32:40.039
<v Speaker 3>me emphasize once.

619
00:32:39.920 --> 00:32:42.440
<v Speaker 12>Again that it is to bring dollars that they are

620
00:32:42.519 --> 00:32:45.519
<v Speaker 12>holding outside the system to be able to bring.

621
00:32:45.400 --> 00:32:47.519
<v Speaker 3>Them in and credit them to their bank accounts.

622
00:32:47.880 --> 00:32:50.640
<v Speaker 12>As long as there's not poseds of crime or less money,

623
00:32:51.200 --> 00:32:53.559
<v Speaker 12>there will be no openaltea, there will be no taxes,

624
00:32:53.599 --> 00:32:54.559
<v Speaker 12>there'll be no questions.

625
00:32:55.480 --> 00:32:59.359
<v Speaker 3>So what I see the presentation is I cannot make it.

626
00:32:59.519 --> 00:33:03.799
<v Speaker 3>As see, holding dollars is a crime.

627
00:33:04.279 --> 00:33:07.799
<v Speaker 12>That is holding dollars that that is not documented by

628
00:33:07.839 --> 00:33:11.599
<v Speaker 12>a Nigerian bank is a crime it's absolutely it's not.

629
00:33:12.440 --> 00:33:17.200
<v Speaker 12>It's private property and Nigerian's well, first, the majority of

630
00:33:17.359 --> 00:33:23.160
<v Speaker 12>US holdings in Nigeria and by small poor people like me,

631
00:33:23.960 --> 00:33:28.440
<v Speaker 12>they are by politicians and agerance hold dollars not as illegals,

632
00:33:28.519 --> 00:33:31.599
<v Speaker 12>and that we don't buy and trade with allards Nigeria.

633
00:33:32.039 --> 00:33:35.720
<v Speaker 12>That's illegal durance holding, just as holding other assets.

634
00:33:35.759 --> 00:33:37.720
<v Speaker 3>Where I DeLand gold.

635
00:33:38.400 --> 00:33:43.000
<v Speaker 12>Silver, when I deise, it's just a commodity, a property.

636
00:33:44.000 --> 00:33:48.240
<v Speaker 12>So what they're saying can be born into created in

637
00:33:48.279 --> 00:33:50.680
<v Speaker 12>the future to apply to any other class of property.

638
00:33:52.039 --> 00:33:53.400
<v Speaker 3>And I find out very distanct it.

639
00:33:53.400 --> 00:33:56.799
<v Speaker 1>Could be applied because it could be applied to cryptocurrency.

640
00:33:56.880 --> 00:33:58.960
<v Speaker 1>It's more that could see we have created the federal

641
00:33:59.039 --> 00:34:02.680
<v Speaker 1>government called ward It and all Nigerians are mandated to

642
00:34:02.799 --> 00:34:07.480
<v Speaker 1>transfer your crypto to the central mark of Nigeria's crypto wallet.

643
00:34:08.559 --> 00:34:11.000
<v Speaker 1>Why can't they say that tomorrow? And again you've hit

644
00:34:11.039 --> 00:34:14.519
<v Speaker 1>the point of why I'm interesting this in this in

645
00:34:14.679 --> 00:34:18.360
<v Speaker 1>that you are saying in one in one part of

646
00:34:18.440 --> 00:34:22.239
<v Speaker 1>the gland that this is legal and lawful to hold dollars.

647
00:34:22.679 --> 00:34:26.360
<v Speaker 1>Then the next chapter you univerally city transfer those dollars

648
00:34:26.440 --> 00:34:29.559
<v Speaker 1>to me on what basis? What's the legal business to

649
00:34:29.679 --> 00:34:33.320
<v Speaker 1>ask me to transfer my asset, not my income, my

650
00:34:33.519 --> 00:34:36.960
<v Speaker 1>asset to you, because the dollar is an asset not income.

651
00:34:37.440 --> 00:34:40.159
<v Speaker 2>If I am any income abroad, I want to tax

652
00:34:40.239 --> 00:34:42.079
<v Speaker 2>that income. Of course, you can go.

653
00:34:42.159 --> 00:34:44.480
<v Speaker 1>Through and doing a joint tax or a double attach

654
00:34:44.599 --> 00:34:47.519
<v Speaker 1>not agree with the said country. That is fine, And

655
00:34:47.639 --> 00:34:50.199
<v Speaker 1>I earn in America, I can then pay tax in

656
00:34:50.239 --> 00:34:51.400
<v Speaker 1>America that it comes to you.

657
00:34:51.880 --> 00:34:53.199
<v Speaker 2>That is completely okay.

658
00:34:53.559 --> 00:34:56.039
<v Speaker 1>But to say I if I work as a as

659
00:34:56.079 --> 00:34:59.800
<v Speaker 1>a digital nomad, for instance, and I'm in Thailand, as

660
00:34:59.840 --> 00:35:00.800
<v Speaker 1>you disclose.

661
00:35:00.519 --> 00:35:03.199
<v Speaker 2>My dollars to you, why number two?

662
00:35:03.239 --> 00:35:05.679
<v Speaker 1>As you then try answer the dollars from Thailand to you,

663
00:35:06.280 --> 00:35:09.199
<v Speaker 1>for what reason? How would I then pay? You say

664
00:35:09.199 --> 00:35:12.679
<v Speaker 1>it's voluntarily, it don't mind us. It's bolounchey if it's belunchie.

665
00:35:12.679 --> 00:35:13.800
<v Speaker 1>Why are you asking me to do it?

666
00:35:13.960 --> 00:35:14.840
<v Speaker 3>Why not just say okay?

667
00:35:15.119 --> 00:35:16.960
<v Speaker 2>What is stopping me to do from doing it? Why

668
00:35:17.039 --> 00:35:19.440
<v Speaker 2>do I need a secular to do it with me?

669
00:35:19.519 --> 00:35:23.000
<v Speaker 1>Is that if you don't do this tomorrow, someone will say,

670
00:35:23.079 --> 00:35:26.400
<v Speaker 1>well you ad the contribution of a quote unquote for

671
00:35:26.679 --> 00:35:31.159
<v Speaker 1>launtry Disclosure Act. That's where they are going to because otherwise,

672
00:35:31.840 --> 00:35:33.880
<v Speaker 1>why was the Central Bank and in present issue.

673
00:35:33.920 --> 00:35:38.800
<v Speaker 2>Something that is quote unquote for laundry makes no sense

674
00:35:38.840 --> 00:35:39.039
<v Speaker 2>to me.

675
00:35:40.760 --> 00:35:43.480
<v Speaker 3>And that's starting with the end of it. So now

676
00:35:43.559 --> 00:35:45.039
<v Speaker 3>they're also encroaching.

677
00:35:44.760 --> 00:35:49.199
<v Speaker 12>On what you're doing, Sames, what countries like Cuba and

678
00:35:49.280 --> 00:35:55.360
<v Speaker 12>our school exactly. They're now owning the young person right,

679
00:35:55.840 --> 00:36:00.199
<v Speaker 12>which is to say that whatever enemy, whatever, what do

680
00:36:00.280 --> 00:36:02.840
<v Speaker 12>you hold in any place in the world that's in.

681
00:36:02.880 --> 00:36:05.840
<v Speaker 3>Nigerian The federal government has the.

682
00:36:06.079 --> 00:36:09.360
<v Speaker 12>King about it and they can demand that you perpetrated

683
00:36:09.440 --> 00:36:13.440
<v Speaker 12>to Nigeria answer the oldership to a Nigerian institution.

684
00:36:13.719 --> 00:36:15.039
<v Speaker 2>And you've hit the nail on the head.

685
00:36:15.199 --> 00:36:17.000
<v Speaker 1>You've hit the nail on the head exactly, and I'm

686
00:36:17.039 --> 00:36:18.960
<v Speaker 1>surprised nijas Am not connecting the dots.

687
00:36:19.480 --> 00:36:21.639
<v Speaker 2>You've hit the nail on the head. This is illegal.

688
00:36:22.000 --> 00:36:25.400
<v Speaker 2>This is all constitutional with it is noting a financial topic,

689
00:36:25.480 --> 00:36:28.480
<v Speaker 2>which to you even suppose this shows the.

690
00:36:28.599 --> 00:36:32.119
<v Speaker 1>Level of maybe I don't know the overconfigures that they have.

691
00:36:32.639 --> 00:36:35.880
<v Speaker 1>Then we can put this out there. They're asking diaspora.

692
00:36:36.239 --> 00:36:39.039
<v Speaker 1>Let's let's ignore Nigia's for now. Let's say their own

693
00:36:39.559 --> 00:36:44.039
<v Speaker 1>Nigeria and they control Nigeria. They're asking the diaspora, and

694
00:36:44.360 --> 00:36:50.079
<v Speaker 1>that's partially disclose and then repatraite is what they're asking

695
00:36:50.119 --> 00:36:53.159
<v Speaker 1>the law that if you're in Nigerian diaspora you should

696
00:36:53.199 --> 00:36:57.519
<v Speaker 1>disclose and okay with Nigerian. If my parents is a

697
00:36:57.679 --> 00:37:00.480
<v Speaker 1>Niger's and say Dutch, am I Nigerian? Do I hold

698
00:37:00.480 --> 00:37:03.400
<v Speaker 1>the Nigeria has port? Does that make a Nigerian who

699
00:37:03.519 --> 00:37:06.000
<v Speaker 1>is in Nigeria and this art? Who is in the aspera?

700
00:37:06.079 --> 00:37:08.280
<v Speaker 1>If I work up broad by the aspera, if I

701
00:37:08.599 --> 00:37:11.480
<v Speaker 1>live abroad, if my parents were Nigeran's but I live

702
00:37:11.519 --> 00:37:14.679
<v Speaker 1>all my life bro is the boxer? Is it nine

703
00:37:14.960 --> 00:37:18.440
<v Speaker 1>one is in Nigerian? Lots of things they haven't clarified.

704
00:37:18.480 --> 00:37:21.400
<v Speaker 1>They're just going after this money. It looks desperate.

705
00:37:22.679 --> 00:37:25.000
<v Speaker 2>It looks like you are broke and you are good

706
00:37:25.039 --> 00:37:28.840
<v Speaker 2>after the dollar results of Nigeria's That's how it comes across.

707
00:37:29.119 --> 00:37:31.480
<v Speaker 2>And it looks does not imbarte.

708
00:37:31.239 --> 00:37:34.840
<v Speaker 1>Confidence in the final results of the country for to

709
00:37:34.920 --> 00:37:36.920
<v Speaker 1>do this. This is the point where I'm going to you.

710
00:37:37.079 --> 00:37:39.559
<v Speaker 1>Are it on a dollar bond? The dollar bond was

711
00:37:40.119 --> 00:37:45.480
<v Speaker 1>over subscribed. You are paying those people nine percent? Then

712
00:37:45.519 --> 00:37:48.000
<v Speaker 1>you are asking Nigeria to reportraate the lots to you

713
00:37:48.199 --> 00:37:54.800
<v Speaker 1>at zero percent or which hows taking from bitter paper

714
00:37:55.480 --> 00:37:57.840
<v Speaker 1>or take it from better, take it from bitter and Paul.

715
00:37:57.840 --> 00:38:01.119
<v Speaker 1>I'm not being anybody. That's how it sounds like, let's

716
00:38:01.159 --> 00:38:02.519
<v Speaker 1>let's probably let's go to.

717
00:38:02.519 --> 00:38:04.800
<v Speaker 2>Them around and let me add about him and.

718
00:38:05.159 --> 00:38:09.920
<v Speaker 3>Just cause it there. So there's there's something the Minister

719
00:38:09.960 --> 00:38:12.480
<v Speaker 3>of friend has said when he referenced that he.

720
00:38:14.000 --> 00:38:17.519
<v Speaker 20>Because the rising courses as they used to exchange rates,

721
00:38:18.320 --> 00:38:23.280
<v Speaker 20>now individuals holding us the how and negligible effects, the

722
00:38:23.719 --> 00:38:26.280
<v Speaker 20>demand that supply from us on the act injuries if

723
00:38:26.280 --> 00:38:30.559
<v Speaker 20>the governments which ends the pocal effects Commune to nagin

724
00:38:30.920 --> 00:38:34.400
<v Speaker 20>point was doing its job. But the reason why we

725
00:38:34.559 --> 00:38:38.679
<v Speaker 20>cannot hold en off usd in our reserves is because

726
00:38:38.760 --> 00:38:40.599
<v Speaker 20>of the bluted governments.

727
00:38:41.159 --> 00:38:43.920
<v Speaker 3>The very we've been talking.

728
00:38:43.679 --> 00:38:47.960
<v Speaker 12>About bluesed goverments since and for decent blooted governments to

729
00:38:48.079 --> 00:38:51.960
<v Speaker 12>turn around and demand more from the citizens is like

730
00:38:52.400 --> 00:38:55.239
<v Speaker 12>the beach state is going bigger, right when we should

731
00:38:55.280 --> 00:38:58.360
<v Speaker 12>be shrinking the states more and they are now making

732
00:38:59.199 --> 00:39:02.039
<v Speaker 12>they're not looking the man on the citizens to own

733
00:39:02.079 --> 00:39:02.679
<v Speaker 12>the citizens.

734
00:39:02.960 --> 00:39:05.440
<v Speaker 2>Yeah, I'm a small goverment guy, you know.

735
00:39:05.519 --> 00:39:08.159
<v Speaker 3>The big I don't like they create the expansion of

736
00:39:08.239 --> 00:39:11.679
<v Speaker 3>government and rather than stremely cost of governance, they are

737
00:39:11.760 --> 00:39:14.079
<v Speaker 3>expanding their rich. So this is the part I find

738
00:39:14.119 --> 00:39:16.639
<v Speaker 3>it most insulting. As a Nigeria Well.

739
00:39:16.480 --> 00:39:18.960
<v Speaker 1>I mean again, we're citizens of the country. The government

740
00:39:19.000 --> 00:39:21.000
<v Speaker 1>brings a policy, we can always talk. Like I said,

741
00:39:21.039 --> 00:39:23.000
<v Speaker 1>we don't like it the government. I listen to us,

742
00:39:23.079 --> 00:39:24.239
<v Speaker 1>call the goverment listen to us.

743
00:39:24.360 --> 00:39:24.719
<v Speaker 3>I have a.

744
00:39:24.760 --> 00:39:26.719
<v Speaker 2>Responsibility and the financial space.

745
00:39:26.800 --> 00:39:29.519
<v Speaker 1>I educate people, and I'm saying that my own issue

746
00:39:29.599 --> 00:39:34.360
<v Speaker 1>with this guideline that it damages confidence. I love Nigeria.

747
00:39:34.480 --> 00:39:37.199
<v Speaker 1>I want to calling to succeed. This law you are

748
00:39:37.360 --> 00:39:40.880
<v Speaker 1>doing is gonna damage confidence. A lot of sec me

749
00:39:41.000 --> 00:39:44.440
<v Speaker 1>dms on this loft and this is even a nice.

750
00:39:44.320 --> 00:39:45.199
<v Speaker 2>Version that we're doing.

751
00:39:45.559 --> 00:39:49.000
<v Speaker 1>This is gonna damage confidence in Nirah don't account and

752
00:39:49.000 --> 00:39:50.159
<v Speaker 1>they weren't hold in the currency.

753
00:39:50.360 --> 00:39:57.239
<v Speaker 2>Are you liberate a son? Are you hyden i a

754
00:39:57.559 --> 00:40:00.880
<v Speaker 2>so kunby? You've got the floor. I I was getting ready.

755
00:40:00.920 --> 00:40:04.320
<v Speaker 1>Let's let's hop into online banker, Online banker.

756
00:40:04.360 --> 00:40:04.760
<v Speaker 2>How are you doing?

757
00:40:04.920 --> 00:40:04.960
<v Speaker 3>So?

758
00:40:09.199 --> 00:40:12.360
<v Speaker 1>Hey, guys, quest to speaky available online batter?

759
00:40:12.400 --> 00:40:13.280
<v Speaker 2>You got the floor? Go ahead?

760
00:40:13.880 --> 00:40:16.400
<v Speaker 3>Yeah, I believe in everyone. It's nice to be honest

761
00:40:16.440 --> 00:40:16.960
<v Speaker 3>without anything.

762
00:40:17.719 --> 00:40:20.480
<v Speaker 2>I can hear you go for it, Yeah, believing.

763
00:40:20.760 --> 00:40:22.880
<v Speaker 11>I'm sorry, I'm driving so just in case you get

764
00:40:23.280 --> 00:40:27.559
<v Speaker 11>because noises. So the I I got to know about

765
00:40:27.840 --> 00:40:29.239
<v Speaker 11>after reading.

766
00:40:29.480 --> 00:40:33.440
<v Speaker 17>After the secular about the Central bat was was released.

767
00:40:33.599 --> 00:40:36.119
<v Speaker 3>So I just followed the trail and you know, to

768
00:40:36.239 --> 00:40:39.599
<v Speaker 3>know where this was coming from. And it's just like

769
00:40:39.760 --> 00:40:41.440
<v Speaker 3>you mentioned, I was a bit worried.

770
00:40:41.880 --> 00:40:46.599
<v Speaker 11>I got confused the government asking because at first it

771
00:40:46.679 --> 00:40:49.280
<v Speaker 11>seemed like they were trying to say, okay, anybody that

772
00:40:49.400 --> 00:40:51.199
<v Speaker 11>had illegal funds.

773
00:40:50.920 --> 00:40:54.320
<v Speaker 3>In Nigeria or BRAC. Maybe it's the money before, all right,

774
00:40:54.320 --> 00:40:55.079
<v Speaker 3>I just bring it here.

775
00:40:55.159 --> 00:40:58.119
<v Speaker 11>Now, just come come, come, come bringing the money when

776
00:40:58.119 --> 00:41:00.039
<v Speaker 11>I'm going to ask you some new questions.

777
00:41:00.159 --> 00:41:03.880
<v Speaker 3>Just the scheme for you, you know, that's.

778
00:41:03.760 --> 00:41:06.880
<v Speaker 11>Why he seemed that first, then I go further and

779
00:41:07.000 --> 00:41:12.239
<v Speaker 11>then so that it required repertoration or verign exchange by

780
00:41:12.840 --> 00:41:16.519
<v Speaker 11>Nigerian's living outside Nigeria. And just like you have mentioned

781
00:41:16.519 --> 00:41:19.920
<v Speaker 11>and other speakers had mentioned, there is no legal back

782
00:41:20.000 --> 00:41:22.599
<v Speaker 11>into that. But another thing you should notice is that

783
00:41:22.840 --> 00:41:26.400
<v Speaker 11>it's a bit coopon ended. And when he coopon edited

784
00:41:26.440 --> 00:41:28.760
<v Speaker 11>in that way, he gives room for ambiguity and then

785
00:41:28.800 --> 00:41:32.840
<v Speaker 11>he gives room for a man of interpretations.

786
00:41:32.480 --> 00:41:35.199
<v Speaker 1>On purpose, it looks like it's some purpose A little

787
00:41:35.199 --> 00:41:37.920
<v Speaker 1>bit very bland exactly.

788
00:41:38.239 --> 00:41:41.320
<v Speaker 11>So if you're going to make a law, especially as

789
00:41:41.360 --> 00:41:45.679
<v Speaker 11>it pertains to finance, you need to tie up every notice.

790
00:41:45.840 --> 00:41:48.199
<v Speaker 3>You don't leave laws. You don't leave laws that have

791
00:41:48.320 --> 00:41:50.760
<v Speaker 3>to do with money. It's not It has to be specific.

792
00:41:51.199 --> 00:41:53.719
<v Speaker 11>It has to be specified to the letter because it

793
00:41:53.800 --> 00:41:56.760
<v Speaker 11>can be missinterpreted and then if you could lead to

794
00:41:56.840 --> 00:42:01.440
<v Speaker 11>financial losses or it could lead to you know, informatigation from.

795
00:42:01.400 --> 00:42:02.480
<v Speaker 3>One party or the other.

796
00:42:03.079 --> 00:42:05.800
<v Speaker 11>So what we have seen, what we are I think

797
00:42:06.039 --> 00:42:09.400
<v Speaker 11>from my own perspective is I think it's just been thrown.

798
00:42:09.239 --> 00:42:09.840
<v Speaker 7>Around for.

799
00:42:11.800 --> 00:42:14.679
<v Speaker 11>Forty days at the moment, and you know, I don't

800
00:42:14.679 --> 00:42:17.000
<v Speaker 11>know if it's if it's open to be fine tuned,

801
00:42:17.519 --> 00:42:18.159
<v Speaker 11>but it love.

802
00:42:18.079 --> 00:42:19.679
<v Speaker 3>That you have to don't know about this.

803
00:42:20.000 --> 00:42:23.840
<v Speaker 11>It's still it's still within the sets of people who

804
00:42:23.960 --> 00:42:25.199
<v Speaker 11>heard about it and.

805
00:42:27.880 --> 00:42:28.400
<v Speaker 3>Just moved on.

806
00:42:28.840 --> 00:42:30.800
<v Speaker 11>I go do the video on it on my platform,

807
00:42:30.840 --> 00:42:34.119
<v Speaker 11>and then people were asking questions and they were saying, oh,

808
00:42:34.480 --> 00:42:34.840
<v Speaker 11>what's this.

809
00:42:35.280 --> 00:42:37.920
<v Speaker 3>It's just a government. I'm not serious about it, but

810
00:42:38.079 --> 00:42:39.239
<v Speaker 3>it's a decreased right.

811
00:42:39.320 --> 00:42:41.880
<v Speaker 11>It's in law by the government, and then you as

812
00:42:41.920 --> 00:42:43.239
<v Speaker 11>an engineer and you're boundary to this.

813
00:42:43.760 --> 00:42:46.079
<v Speaker 3>So I expect that in the coming months in the

814
00:42:46.159 --> 00:42:49.119
<v Speaker 3>coming weeks that they should be clarity on this. If

815
00:42:49.159 --> 00:42:50.639
<v Speaker 3>there is no clarity, then the.

816
00:42:50.679 --> 00:42:53.079
<v Speaker 11>Lawyers of the House as supposed to come out to

817
00:42:53.159 --> 00:42:55.679
<v Speaker 11>ask specific questions as if it takes today.

818
00:42:56.039 --> 00:42:58.719
<v Speaker 3>Like for example, what the C is saying you're going

819
00:42:58.760 --> 00:42:59.320
<v Speaker 3>to open the.

820
00:42:59.519 --> 00:43:03.239
<v Speaker 11>Special accounts that is going to that has like in

821
00:43:03.480 --> 00:43:06.440
<v Speaker 11>number of requirements, but they're not going to ask you questions.

822
00:43:06.480 --> 00:43:07.599
<v Speaker 3>And it's a big contradictory.

823
00:43:07.679 --> 00:43:09.239
<v Speaker 11>So I'm going to bring in so you have bringing

824
00:43:09.280 --> 00:43:11.559
<v Speaker 11>a million dollars and then I tell you, oh, you

825
00:43:11.639 --> 00:43:13.320
<v Speaker 11>know what, just for the Monday, and then you're and

826
00:43:13.400 --> 00:43:14.880
<v Speaker 11>it's for that specific purpose.

827
00:43:15.639 --> 00:43:18.000
<v Speaker 3>It's not going to be any for the questions as.

828
00:43:17.920 --> 00:43:20.679
<v Speaker 11>Long as it meets EML and it contract some of

829
00:43:20.760 --> 00:43:22.280
<v Speaker 11>it a bit of contract.

830
00:43:21.960 --> 00:43:23.960
<v Speaker 3>Is EML and CFC.

831
00:43:25.679 --> 00:43:28.880
<v Speaker 11>Requirements when because if you do need to ask proper

832
00:43:28.960 --> 00:43:34.119
<v Speaker 11>questions as regards to thresholds of funds being deposited, but

833
00:43:34.320 --> 00:43:36.400
<v Speaker 11>because you're given that with that, I think you are

834
00:43:36.920 --> 00:43:39.960
<v Speaker 11>indirectly out with the CFC and EML as in money

835
00:43:40.039 --> 00:43:40.639
<v Speaker 11>not dream.

836
00:43:40.800 --> 00:43:42.079
<v Speaker 3>As your money no dream and.

837
00:43:44.599 --> 00:43:47.280
<v Speaker 2>Yeah, yeah, well said online requirements.

838
00:43:47.679 --> 00:43:50.719
<v Speaker 11>But even at that, the people that are suppor but

839
00:43:51.159 --> 00:43:53.559
<v Speaker 11>people the people that have said people that have that

840
00:43:53.639 --> 00:43:56.360
<v Speaker 11>are supposed to be the greatest targets of this. Which

841
00:43:56.480 --> 00:43:58.639
<v Speaker 11>are which are the in the class and the upper

842
00:43:59.760 --> 00:44:02.239
<v Speaker 11>and upper middle classes by the highness?

843
00:44:02.280 --> 00:44:05.920
<v Speaker 3>What individuals? Now? What where are yeah?

844
00:44:05.960 --> 00:44:06.760
<v Speaker 10>Because where the trade?

845
00:44:06.800 --> 00:44:10.320
<v Speaker 3>Where? Where are their treasures? Are their treasures in in

846
00:44:10.880 --> 00:44:11.960
<v Speaker 3>in their homes.

847
00:44:11.719 --> 00:44:15.840
<v Speaker 11>In Nigeria as perceived by this, and their treasures in

848
00:44:16.119 --> 00:44:17.480
<v Speaker 11>foreign assets?

849
00:44:18.199 --> 00:44:21.039
<v Speaker 3>And are they going to wedate those assets.

850
00:44:20.719 --> 00:44:21.559
<v Speaker 10>To come back home?

851
00:44:22.159 --> 00:44:24.599
<v Speaker 3>Do they feel like you have the stronger.

852
00:44:24.320 --> 00:44:27.960
<v Speaker 11>Backing and for people that who those citizenships across across

853
00:44:28.000 --> 00:44:31.960
<v Speaker 11>the world and with as it's even growing. Once they

854
00:44:32.039 --> 00:44:34.880
<v Speaker 11>go back into this, and I feel like in the

855
00:44:35.000 --> 00:44:36.639
<v Speaker 11>coming months there is going to be a bit of

856
00:44:36.840 --> 00:44:42.159
<v Speaker 11>clarity and direction to this. I'm still very because I'm

857
00:44:42.199 --> 00:44:44.639
<v Speaker 11>a following Nigerian affeluent Nigerian laws.

858
00:44:44.679 --> 00:44:45.840
<v Speaker 7>A follow Nigerian.

859
00:44:46.119 --> 00:44:49.320
<v Speaker 11>Policies for for for a while, and you know, I've

860
00:44:49.360 --> 00:44:49.840
<v Speaker 11>reviewed them.

861
00:44:49.880 --> 00:44:53.639
<v Speaker 3>I reviewed them often, so I I I don't cast

862
00:44:53.760 --> 00:44:54.360
<v Speaker 3>tone on them.

863
00:44:54.480 --> 00:44:56.800
<v Speaker 7>I let it let it seem for a.

864
00:44:56.800 --> 00:45:01.800
<v Speaker 11>Bit because most times there's always either every few all clarification.

865
00:45:02.039 --> 00:45:04.800
<v Speaker 11>So for now I feel like a lot of things

866
00:45:04.880 --> 00:45:06.559
<v Speaker 11>are not figures.

867
00:45:07.280 --> 00:45:14.159
<v Speaker 4>Yeah, yeah, but online, why why bring it out and

868
00:45:14.360 --> 00:45:17.360
<v Speaker 4>cost a lack of confidence and then and then clarify,

869
00:45:17.760 --> 00:45:19.360
<v Speaker 4>you know, I don't know if you remember, there was

870
00:45:19.400 --> 00:45:23.400
<v Speaker 4>a time the Minister of Finance that's form store fans.

871
00:45:23.480 --> 00:45:26.559
<v Speaker 1>I mean she went to the World Bank missing now

872
00:45:26.639 --> 00:45:30.039
<v Speaker 1>she said something about the interest rates would be I

873
00:45:30.239 --> 00:45:33.599
<v Speaker 1>forget the term she used. She used the term and

874
00:45:33.880 --> 00:45:37.639
<v Speaker 1>the whole thing blew up. All the questions were asking

875
00:45:37.719 --> 00:45:41.239
<v Speaker 1>that you mean, I have to google the exact term

876
00:45:41.360 --> 00:45:43.800
<v Speaker 1>she used. She was trying to say that the government

877
00:45:43.960 --> 00:45:46.400
<v Speaker 1>is going to pay interest and she uses you know

878
00:45:46.519 --> 00:45:49.599
<v Speaker 1>that term and everyone if you guys know that basically

879
00:45:49.639 --> 00:45:52.679
<v Speaker 1>the dw to me. They were asking her to clarify

880
00:45:52.960 --> 00:45:55.400
<v Speaker 1>what did you mean by this? And that was the

881
00:45:55.519 --> 00:45:57.960
<v Speaker 1>meeting with the World Bank, and Fla was there. She

882
00:45:58.239 --> 00:46:00.199
<v Speaker 1>was then missed of everyone was there and don't Then

883
00:46:00.239 --> 00:46:03.400
<v Speaker 1>on the press conference was asking political ify what you

884
00:46:03.519 --> 00:46:04.519
<v Speaker 1>meant by saying this.

885
00:46:04.760 --> 00:46:06.519
<v Speaker 2>Love will be when you when.

886
00:46:06.480 --> 00:46:09.119
<v Speaker 1>You induce the law or when confidence goes out, the

887
00:46:09.159 --> 00:46:11.119
<v Speaker 1>windows have to bring it back into the window.

888
00:46:11.639 --> 00:46:13.920
<v Speaker 2>Already this this was out a long time ago.

889
00:46:14.000 --> 00:46:14.559
<v Speaker 3>I saw it.

890
00:46:15.079 --> 00:46:18.119
<v Speaker 1>I didn't talk because I taught in the next week

891
00:46:18.119 --> 00:46:21.599
<v Speaker 1>they would clarify it. I didn't bring up a space.

892
00:46:21.679 --> 00:46:23.920
<v Speaker 1>I literally even tweeted about it. No, I didn't bring

893
00:46:24.000 --> 00:46:26.840
<v Speaker 1>it up. But they haven't done anything. If anything, they

894
00:46:26.880 --> 00:46:29.840
<v Speaker 1>have gone they before gone more. If you look at

895
00:46:29.880 --> 00:46:32.519
<v Speaker 1>what the Minister of Finance is saying, he's saying that

896
00:46:33.079 --> 00:46:35.079
<v Speaker 1>holding dollar is illegal.

897
00:46:35.679 --> 00:46:36.440
<v Speaker 2>That's what he's saying.

898
00:46:36.480 --> 00:46:38.480
<v Speaker 1>If you do, and I'm thank you for no information,

899
00:46:38.679 --> 00:46:42.599
<v Speaker 1>share that will retweet that he's saying holding dollar is illegal.

900
00:46:43.079 --> 00:46:45.960
<v Speaker 2>How is holding dollar illegal? Just holding it? To having

901
00:46:45.960 --> 00:46:48.960
<v Speaker 2>a personal dollar? How is it illegal if you export?

902
00:46:49.039 --> 00:46:51.559
<v Speaker 1>If the government gives you dollars to do business and

903
00:46:51.719 --> 00:46:54.800
<v Speaker 1>you are supposed to do relatiz and you don't remit, okay,

904
00:46:54.920 --> 00:46:58.920
<v Speaker 1>that's men's dollar. Or if I open up a five

905
00:46:58.960 --> 00:47:01.239
<v Speaker 1>HO account, I do work for you in America, you

906
00:47:01.360 --> 00:47:04.360
<v Speaker 1>pay me ten dollars? How is the government money? Yes,

907
00:47:04.440 --> 00:47:07.960
<v Speaker 1>I'll pay in context, but how is it? How is

908
00:47:08.000 --> 00:47:10.760
<v Speaker 1>it the government's business? And how is it illegal room

909
00:47:10.800 --> 00:47:12.760
<v Speaker 1>to hold dollar? Even if you say it is a

910
00:47:12.800 --> 00:47:15.599
<v Speaker 1>legal room to hold dollar, I agree with you. I'm

911
00:47:15.719 --> 00:47:19.119
<v Speaker 1>holding my dollars in a bank in America or Dubai

912
00:47:19.440 --> 00:47:22.800
<v Speaker 1>or UK. How is it illegal that I ask in

913
00:47:22.880 --> 00:47:26.000
<v Speaker 1>Nigerian have a foreign bank account? But I'm not a

914
00:47:26.079 --> 00:47:28.840
<v Speaker 1>government guy. Have a foreign bank account.

915
00:47:28.760 --> 00:47:29.519
<v Speaker 2>In city UK.

916
00:47:30.000 --> 00:47:33.559
<v Speaker 1>How is that account illegal? Okay, let's say it is legal.

917
00:47:34.119 --> 00:47:38.000
<v Speaker 1>How is it that I am in Nigeria with dual citizenship.

918
00:47:38.079 --> 00:47:40.199
<v Speaker 1>Say I'm a Nigerian UK guy, so I'm having a

919
00:47:40.320 --> 00:47:42.159
<v Speaker 1>UK seationship in a relationship.

920
00:47:42.400 --> 00:47:45.639
<v Speaker 2>I have a bank account in the UK with pounds

921
00:47:45.719 --> 00:47:46.400
<v Speaker 2>in that account.

922
00:47:46.719 --> 00:47:49.760
<v Speaker 1>You are telling me that it is illegal or somehow

923
00:47:49.880 --> 00:47:54.280
<v Speaker 1>I should voluntarily disclose my bank account to you. Then

924
00:47:54.440 --> 00:47:58.440
<v Speaker 1>I can remit voluntially those pounds to a Nigerian back.

925
00:47:58.599 --> 00:48:02.960
<v Speaker 1>It doesn't make any sense. The Minister of Finance, mister

926
00:48:03.039 --> 00:48:06.159
<v Speaker 1>Waller do his child is a well known actor.

927
00:48:06.679 --> 00:48:09.199
<v Speaker 2>It's a well known actor, well known actor.

928
00:48:09.599 --> 00:48:11.039
<v Speaker 3>Will his son?

929
00:48:11.199 --> 00:48:15.079
<v Speaker 1>Will his will his kids disclose their bank accounts and

930
00:48:15.320 --> 00:48:18.039
<v Speaker 1>move their funds to Nigeria bank? Will he the Mister

931
00:48:18.159 --> 00:48:22.679
<v Speaker 1>of Finance also disclose his own personal foreign accounts and

932
00:48:22.880 --> 00:48:25.880
<v Speaker 1>move those funds? His wife, his family? Will they all

933
00:48:26.000 --> 00:48:27.760
<v Speaker 1>move their phones with a Nigerian.

934
00:48:27.360 --> 00:48:28.000
<v Speaker 2>Bank as well?

935
00:48:28.480 --> 00:48:31.119
<v Speaker 1>Can they do that so that we see it and

936
00:48:31.199 --> 00:48:33.920
<v Speaker 1>then we are confident that, oh, the mister has moved.

937
00:48:34.079 --> 00:48:37.679
<v Speaker 2>Will the President's ballardmed To will also disclose his own

938
00:48:37.960 --> 00:48:39.480
<v Speaker 2>if he has any foreign assets?

939
00:48:39.519 --> 00:48:43.719
<v Speaker 1>Will his children also disclose their foreign assets because it's

940
00:48:43.760 --> 00:48:47.800
<v Speaker 1>not assets, not about just holding currency. So the the

941
00:48:47.960 --> 00:48:51.280
<v Speaker 1>currency help by the president's children, will he be disclosed?

942
00:48:51.639 --> 00:48:55.760
<v Speaker 1>Will they not be moved to Nigerian bank? So let's

943
00:48:55.800 --> 00:48:58.280
<v Speaker 1>see your own action first. Now then you can come

944
00:48:58.360 --> 00:49:02.280
<v Speaker 1>and say, well, Calluly Prins has done it, you haven't done.

945
00:49:02.079 --> 00:49:04.159
<v Speaker 2>It, that you are in contrombational.

946
00:49:05.599 --> 00:49:07.480
<v Speaker 12>So kind of just so that I can add to this,

947
00:49:08.000 --> 00:49:08.159
<v Speaker 12>you know.

948
00:49:08.480 --> 00:49:13.159
<v Speaker 11>Foreigen of we live in a very latile environment and

949
00:49:13.320 --> 00:49:15.679
<v Speaker 11>that's you know, that's part of the reason why we're

950
00:49:15.760 --> 00:49:22.039
<v Speaker 11>investors shy away from economics, especially in Nigeria. So if

951
00:49:22.119 --> 00:49:25.400
<v Speaker 11>you ask, if you go further pro and you ask

952
00:49:25.760 --> 00:49:28.440
<v Speaker 11>certain people, they might tenn is targeted at certain things.

953
00:49:28.800 --> 00:49:32.280
<v Speaker 3>So for example, we have the likes of the golflos

954
00:49:32.360 --> 00:49:36.119
<v Speaker 3>that you know that we get the most focused, the assuring,

955
00:49:36.360 --> 00:49:38.239
<v Speaker 3>the most focused, most fact is paid.

956
00:49:38.760 --> 00:49:41.119
<v Speaker 11>There is a decline in the value of the error

957
00:49:41.320 --> 00:49:44.960
<v Speaker 11>because there is almost that rush for us D. So

958
00:49:45.480 --> 00:49:48.679
<v Speaker 11>is this a form of saying, okay, we're trying to

959
00:49:48.760 --> 00:49:50.840
<v Speaker 11>put an end to this or is this a form

960
00:49:50.880 --> 00:49:53.320
<v Speaker 11>of check meeting it? So if there are so many

961
00:49:53.400 --> 00:49:56.280
<v Speaker 11>angles that you could look at it from, especially when

962
00:49:56.360 --> 00:49:59.599
<v Speaker 11>you look at what is happening in Nigeria in relation

963
00:49:59.760 --> 00:50:01.079
<v Speaker 11>to the USD.

964
00:50:01.400 --> 00:50:04.440
<v Speaker 3>In trying to in trying to catch in mouse, you

965
00:50:04.480 --> 00:50:08.599
<v Speaker 3>don't burn down the house. So I am still expecting.

966
00:50:08.719 --> 00:50:10.079
<v Speaker 11>Just like you mentioned, I don't know who are the

967
00:50:10.079 --> 00:50:12.440
<v Speaker 11>people that craft from all these Potsay. I think they

968
00:50:12.480 --> 00:50:14.440
<v Speaker 11>are really smart people and that you think give are

969
00:50:14.559 --> 00:50:18.480
<v Speaker 11>really good to them, educated people that have the conversations.

970
00:50:18.480 --> 00:50:20.000
<v Speaker 3>But I don't know why while they come up with

971
00:50:20.159 --> 00:50:21.519
<v Speaker 3>this and why they live who and.

972
00:50:21.559 --> 00:50:25.159
<v Speaker 11>Then I just expect that they will be clarifications or

973
00:50:25.599 --> 00:50:26.519
<v Speaker 11>modificators to this.

974
00:50:27.840 --> 00:50:29.719
<v Speaker 1>Okay, and again the thanks to that, I mean, you

975
00:50:29.800 --> 00:50:31.760
<v Speaker 1>make a good, great point on that. Again, people are

976
00:50:31.800 --> 00:50:34.159
<v Speaker 1>saying it's an executive order, it's not law.

977
00:50:34.199 --> 00:50:37.079
<v Speaker 2>Who said so? Then if it's if executive orders, are

978
00:50:37.119 --> 00:50:38.760
<v Speaker 2>you saying you only obey laws?

979
00:50:39.599 --> 00:50:42.119
<v Speaker 1>Are you saying Nigeria unless it's a law, you will

980
00:50:42.199 --> 00:50:45.840
<v Speaker 1>not obey it. That if the president says that executive

981
00:50:45.960 --> 00:50:48.079
<v Speaker 1>orders say that you should drive on the left had brood,

982
00:50:48.119 --> 00:50:50.400
<v Speaker 1>you will not drive because not a law, it's an

983
00:50:50.519 --> 00:50:53.719
<v Speaker 1>executive order from the president of the country.

984
00:50:54.000 --> 00:50:55.239
<v Speaker 3>Number one. Number two.

985
00:50:55.280 --> 00:50:58.039
<v Speaker 2>The Central Bank of Nadia has issued a secular to

986
00:50:58.239 --> 00:50:59.519
<v Speaker 2>banks in Nigeria to.

987
00:50:59.639 --> 00:51:02.119
<v Speaker 1>Imply men that exective that you said it's not law

988
00:51:02.440 --> 00:51:04.920
<v Speaker 1>not but what you say is not this voluntary? If

989
00:51:04.920 --> 00:51:07.719
<v Speaker 1>it's voluntary, why is there excive perfunct?

990
00:51:07.920 --> 00:51:08.199
<v Speaker 3>Asked?

991
00:51:09.079 --> 00:51:15.039
<v Speaker 2>Is there that what I said it was? Go to bed, Joseph,

992
00:51:15.079 --> 00:51:17.440
<v Speaker 2>real quick, you're in here before. Yes, yes, let me

993
00:51:17.679 --> 00:51:22.840
<v Speaker 2>let me hold onsel just you share the share.

994
00:51:22.800 --> 00:51:27.480
<v Speaker 3>Circle on the just people.

995
00:51:27.840 --> 00:51:29.639
<v Speaker 7>Again speak can also see I've.

996
00:51:31.000 --> 00:51:33.440
<v Speaker 2>Also shared the secular on my tweet feed. Go you

997
00:51:33.480 --> 00:51:39.440
<v Speaker 2>see tweet feed and thank you for that. Go ahead,

998
00:51:39.480 --> 00:51:40.400
<v Speaker 2>so go ahead Joseph.

999
00:51:41.440 --> 00:51:41.679
<v Speaker 10>Yeah.

1000
00:51:41.760 --> 00:51:42.679
<v Speaker 7>So the reason why I.

1001
00:51:42.719 --> 00:51:47.760
<v Speaker 14>Said it's not law because for my understanding and executive

1002
00:51:47.880 --> 00:51:50.480
<v Speaker 14>order is that they're putting it doesn't open and stuff

1003
00:51:50.639 --> 00:51:53.119
<v Speaker 14>so they can use it as a prosecutory weapon.

1004
00:51:53.239 --> 00:51:55.119
<v Speaker 3>That's all against upsetting individuous.

1005
00:51:55.760 --> 00:51:59.000
<v Speaker 14>So pretty much what the government is doing right now.

1006
00:51:59.159 --> 00:52:02.159
<v Speaker 14>Some people that implemented or trying to enforce those laws,

1007
00:52:02.280 --> 00:52:04.480
<v Speaker 14>it's going to affect them at the end because they're

1008
00:52:04.519 --> 00:52:06.800
<v Speaker 14>going to get off office. The government is going to

1009
00:52:06.880 --> 00:52:09.639
<v Speaker 14>come in and use that same law to prosecute them.

1010
00:52:09.960 --> 00:52:11.880
<v Speaker 3>But they don't know that yet because they're greedy.

1011
00:52:12.480 --> 00:52:14.559
<v Speaker 12>The main idea about that is there's a.

1012
00:52:14.599 --> 00:52:16.960
<v Speaker 14>Big problem in Nijura there's a lot of people that

1013
00:52:17.119 --> 00:52:20.199
<v Speaker 14>have emvestled money in the jury and they're dormicide in

1014
00:52:20.239 --> 00:52:21.840
<v Speaker 14>another country, so.

1015
00:52:22.000 --> 00:52:24.440
<v Speaker 12>Technically you cannot tell them to bring the money.

1016
00:52:24.199 --> 00:52:26.800
<v Speaker 3>Back into the jury. So he's keeping that open, if

1017
00:52:26.840 --> 00:52:28.239
<v Speaker 3>you see itself, for ninety days.

1018
00:52:28.760 --> 00:52:32.000
<v Speaker 14>So during election, there's an influence of dollar into Najera

1019
00:52:32.199 --> 00:52:35.360
<v Speaker 14>to manipulate the election or do whatever they want.

1020
00:52:35.280 --> 00:52:37.320
<v Speaker 3>To do to get the outcome that they desired.

1021
00:52:37.800 --> 00:52:41.599
<v Speaker 14>So right now it's the president is literally asking some

1022
00:52:41.800 --> 00:52:44.760
<v Speaker 14>individuals in Nigeria that he knows I have a lot

1023
00:52:44.880 --> 00:52:46.440
<v Speaker 14>of dollars inside.

1024
00:52:45.960 --> 00:52:48.960
<v Speaker 3>Abroad, to bring that money back into Nigeria.

1025
00:52:49.440 --> 00:52:52.000
<v Speaker 14>You can't put that in writing point blank because a

1026
00:52:52.039 --> 00:52:53.719
<v Speaker 14>lot of people are going to find other ways.

1027
00:52:53.800 --> 00:52:55.400
<v Speaker 3>Like PanAm my paper that came out.

1028
00:52:55.320 --> 00:52:57.599
<v Speaker 14>A couple of years ago, we have to go back

1029
00:52:57.639 --> 00:52:59.639
<v Speaker 14>a little bit. There's a lot of Ninegurias that have

1030
00:52:59.719 --> 00:53:03.199
<v Speaker 14>shot companies abroad. There's a lot of government.

1031
00:53:02.840 --> 00:53:05.000
<v Speaker 3>Officials that have a lot of shared companies abroad, and

1032
00:53:05.119 --> 00:53:06.760
<v Speaker 3>you don't have access to those countries.

1033
00:53:06.960 --> 00:53:09.000
<v Speaker 14>And to answer the question about some people that are

1034
00:53:09.039 --> 00:53:10.760
<v Speaker 14>in the US working making.

1035
00:53:10.519 --> 00:53:13.039
<v Speaker 3>The first of all, the general laws are not enforceable

1036
00:53:13.079 --> 00:53:13.880
<v Speaker 3>in the United States.

1037
00:53:14.079 --> 00:53:16.519
<v Speaker 1>It does there's no way they can you it doesn't

1038
00:53:16.719 --> 00:53:19.800
<v Speaker 1>need to bring your money back into what they have literally,

1039
00:53:20.159 --> 00:53:21.400
<v Speaker 1>but they have literally.

1040
00:53:23.440 --> 00:53:25.880
<v Speaker 3>That's why it is an executive order. Right. If you

1041
00:53:25.960 --> 00:53:27.159
<v Speaker 3>see what the government is.

1042
00:53:27.159 --> 00:53:32.239
<v Speaker 2>Doing, are you saying that because order, it can be ignored.

1043
00:53:34.079 --> 00:53:35.079
<v Speaker 3>Executive order?

1044
00:53:35.320 --> 00:53:37.320
<v Speaker 14>Right, This is the direction of how the government is

1045
00:53:37.400 --> 00:53:40.119
<v Speaker 14>trying to interpret and enforce a particular laws.

1046
00:53:40.199 --> 00:53:42.960
<v Speaker 3>So that law that is what they need to challenge. Right,

1047
00:53:43.039 --> 00:53:45.840
<v Speaker 3>there have to be some part in the durial constitutions on.

1048
00:53:46.039 --> 00:53:54.159
<v Speaker 1>Ruling in the past, bankers, secular, the central bank, Yes,

1049
00:53:54.239 --> 00:53:55.000
<v Speaker 1>the central Bank.

1050
00:53:55.719 --> 00:53:58.960
<v Speaker 14>That executive order is challenged in the court, the central

1051
00:53:59.039 --> 00:53:59.840
<v Speaker 14>Bank circulizing.

1052
00:54:00.599 --> 00:54:01.800
<v Speaker 3>But that's not the point I'm making.

1053
00:54:01.920 --> 00:54:03.920
<v Speaker 2>We're saying that it's there now.

1054
00:54:04.239 --> 00:54:08.119
<v Speaker 1>There's a secular today as we speak today that say

1055
00:54:08.199 --> 00:54:11.400
<v Speaker 1>that you or I as a foreign as a dispra

1056
00:54:11.920 --> 00:54:14.840
<v Speaker 1>have to do bringing our money to the Nigeria.

1057
00:54:15.000 --> 00:54:15.920
<v Speaker 2>It's there today.

1058
00:54:16.360 --> 00:54:19.599
<v Speaker 1>I get the point of our intubation tomorrow, but today,

1059
00:54:19.800 --> 00:54:20.960
<v Speaker 1>it's an executive order.

1060
00:54:21.079 --> 00:54:23.159
<v Speaker 2>Today, it's sitting there today in Nigeria.

1061
00:54:23.719 --> 00:54:26.239
<v Speaker 1>Now we can't say it's not mandated because it's an

1062
00:54:26.280 --> 00:54:29.719
<v Speaker 1>executive order, it's from the president. Then the same central

1063
00:54:29.760 --> 00:54:32.840
<v Speaker 1>bar has gone further to then say we're an issue

1064
00:54:32.920 --> 00:54:33.880
<v Speaker 1>is secular on this.

1065
00:54:34.320 --> 00:54:35.840
<v Speaker 2>We can't suppert them under the table.

1066
00:54:36.840 --> 00:54:39.000
<v Speaker 3>That's what the central Bank is supposed to do. You're

1067
00:54:39.039 --> 00:54:40.400
<v Speaker 3>working at the head of the president.

1068
00:54:40.440 --> 00:54:46.440
<v Speaker 2>When theresident the report to the to the president. The

1069
00:54:46.639 --> 00:54:48.480
<v Speaker 2>certain does not report to the president.

1070
00:54:52.400 --> 00:54:54.719
<v Speaker 14>I think the person that contras the central Bank is

1071
00:54:54.800 --> 00:54:56.400
<v Speaker 14>actually appointed by the president, but.

1072
00:54:56.440 --> 00:54:58.639
<v Speaker 2>They don't report to the President's Supreme Courts are appointed

1073
00:54:58.679 --> 00:55:00.480
<v Speaker 2>by the president, but they don't report to the president.

1074
00:55:00.760 --> 00:55:02.320
<v Speaker 2>Don't just report to the president.

1075
00:55:03.400 --> 00:55:06.519
<v Speaker 3>I mean as an executive, I mean good.

1076
00:55:06.519 --> 00:55:07.000
<v Speaker 2>I'm trying to.

1077
00:55:09.159 --> 00:55:15.679
<v Speaker 1>Yeah, I'm not saying to speak, don't I don't Joseph.

1078
00:55:18.159 --> 00:55:22.199
<v Speaker 3>Yeah. Detail I'm trying to say is that it's not possible.

1079
00:55:22.280 --> 00:55:24.199
<v Speaker 14>One thing I want to point out is there's some

1080
00:55:24.440 --> 00:55:27.039
<v Speaker 14>underground policies that is going on in Injuria that people

1081
00:55:27.079 --> 00:55:27.840
<v Speaker 14>are taking note of.

1082
00:55:27.960 --> 00:55:30.400
<v Speaker 3>The outdate that is going on in Nigeria banks.

1083
00:55:30.880 --> 00:55:33.000
<v Speaker 14>Is for the government to get more access to see

1084
00:55:33.079 --> 00:55:34.280
<v Speaker 14>what monetary.

1085
00:55:33.840 --> 00:55:36.679
<v Speaker 3>Transaction is going on in Nanjura. Then the next step is.

1086
00:55:36.719 --> 00:55:39.400
<v Speaker 14>To start telling people to bring their money back into Nigeria.

1087
00:55:39.440 --> 00:55:42.360
<v Speaker 3>And you don't have visibility. The government don't have visibility

1088
00:55:42.760 --> 00:55:45.159
<v Speaker 3>of most of the monetary transaction going on in the injury.

1089
00:55:45.920 --> 00:55:48.000
<v Speaker 14>So this right here is going to be something that

1090
00:55:48.199 --> 00:55:50.639
<v Speaker 14>if they're put it right and the refinement right, they

1091
00:55:50.719 --> 00:55:53.159
<v Speaker 14>can meet a lot of individuals in Nigeria and say hey,

1092
00:55:53.239 --> 00:55:56.239
<v Speaker 14>we know you sole money from this country, but where

1093
00:55:56.280 --> 00:55:56.920
<v Speaker 14>did you keep it?

1094
00:55:57.119 --> 00:55:58.679
<v Speaker 3>And you don't have that visibility.

1095
00:55:58.760 --> 00:55:59.519
<v Speaker 10>That's why a lot of.

1096
00:55:59.559 --> 00:56:02.119
<v Speaker 11>Politician to go out of office and they just returned

1097
00:56:02.119 --> 00:56:04.519
<v Speaker 11>back whever you can find the niger The rest of

1098
00:56:04.639 --> 00:56:05.800
<v Speaker 11>the money is abroad.

1099
00:56:05.880 --> 00:56:08.599
<v Speaker 3>And only if you send them to prosecute them.

1100
00:56:11.719 --> 00:56:16.360
<v Speaker 1>Joseph, Joseph, we know these things you're saying. We're Nigerians,

1101
00:56:16.360 --> 00:56:18.360
<v Speaker 1>were not try what you are saying. The point we

1102
00:56:18.519 --> 00:56:20.960
<v Speaker 1>are making, whether they're on the space today is that

1103
00:56:21.119 --> 00:56:24.159
<v Speaker 1>the law is there. And if you believe this law

1104
00:56:24.199 --> 00:56:27.880
<v Speaker 1>will not touch you, remember once that law is out there,

1105
00:56:28.000 --> 00:56:32.800
<v Speaker 1>if you come into Nigeria and you have a foreign account,

1106
00:56:33.480 --> 00:56:37.599
<v Speaker 1>someone can argue and detain you on the fact that

1107
00:56:37.760 --> 00:56:42.079
<v Speaker 1>you are in contravention of a Cybian circular and the

1108
00:56:42.440 --> 00:56:45.000
<v Speaker 1>president is expor and you go to court and argue,

1109
00:56:45.280 --> 00:56:48.360
<v Speaker 1>but you'll be detained because that is a charge. This

1110
00:56:48.599 --> 00:56:51.519
<v Speaker 1>law should not even come out. You are the things

1111
00:56:51.559 --> 00:56:54.360
<v Speaker 1>you're saying, You are our side. You are saying it

1112
00:56:54.400 --> 00:56:57.280
<v Speaker 1>shouldn't even come out, and we're saying, how many even

1113
00:56:57.440 --> 00:57:00.159
<v Speaker 1>out there? It's going to damage the country. You I'm

1114
00:57:00.199 --> 00:57:03.239
<v Speaker 1>going to lose more than we gain because many for

1115
00:57:03.360 --> 00:57:06.360
<v Speaker 1>us are like, oh, if they're asking me to do this,

1116
00:57:06.440 --> 00:57:09.119
<v Speaker 1>and I doesn't live that you have for now, I

1117
00:57:09.199 --> 00:57:11.559
<v Speaker 1>cannot even do anything that you have for now because

1118
00:57:11.559 --> 00:57:13.559
<v Speaker 1>I don't know when people are going to asking me

1119
00:57:13.639 --> 00:57:16.480
<v Speaker 1>to close down my bank for America and transform into

1120
00:57:16.519 --> 00:57:17.880
<v Speaker 1>my bank in Nigeria.

1121
00:57:18.199 --> 00:57:21.480
<v Speaker 2>Makes no sense. It's the same. Just so just let's

1122
00:57:21.840 --> 00:57:25.800
<v Speaker 2>take the room, let me, let me get go ahead.

1123
00:57:27.079 --> 00:57:29.320
<v Speaker 2>Yes I can, please go ahead?

1124
00:57:29.400 --> 00:57:32.719
<v Speaker 21>Yes, yeah, So I agree one of the person what

1125
00:57:32.800 --> 00:57:33.599
<v Speaker 21>you're saying as well.

1126
00:57:33.960 --> 00:57:37.119
<v Speaker 13>I think it's an executive order and you will be implemented.

1127
00:57:37.719 --> 00:57:40.639
<v Speaker 10>So I think I'm going to say confuse names.

1128
00:57:40.719 --> 00:57:41.920
<v Speaker 2>One is I think.

1129
00:57:44.000 --> 00:57:45.159
<v Speaker 3>The intention will.

1130
00:57:45.079 --> 00:57:46.760
<v Speaker 7>Not necessarily be too.

1131
00:57:48.679 --> 00:57:51.440
<v Speaker 13>To target people's money, but I feel like it's from

1132
00:57:51.440 --> 00:57:52.719
<v Speaker 13>a political point of view.

1133
00:57:53.360 --> 00:57:55.119
<v Speaker 3>I could be wrong, but it's just a view I have.

1134
00:57:57.800 --> 00:58:00.519
<v Speaker 3>They couple of problems wrong right now.

1135
00:58:01.000 --> 00:58:01.480
<v Speaker 10>One is.

1136
00:58:03.039 --> 00:58:08.800
<v Speaker 22>The governors are he gains this new tax reform right,

1137
00:58:09.360 --> 00:58:12.480
<v Speaker 22>so I don't know. I'm just as Jimmy. Maybe it's

1138
00:58:12.559 --> 00:58:19.239
<v Speaker 22>the way of uh from the city exchange with green bunkers.

1139
00:58:19.320 --> 00:58:23.239
<v Speaker 3>But it's also a way of reducing.

1140
00:58:24.760 --> 00:58:27.719
<v Speaker 13>The use of park on dollars and exchanging it because

1141
00:58:27.800 --> 00:58:31.880
<v Speaker 13>that has historically been the primary driver of Nigeria's black

1142
00:58:31.960 --> 00:58:33.599
<v Speaker 13>market in Nigeria.

1143
00:58:35.039 --> 00:58:37.159
<v Speaker 3>So second of all, I think this.

1144
00:58:39.559 --> 00:58:46.920
<v Speaker 21>Executive order right will cripple all form of foreign investment

1145
00:58:46.960 --> 00:58:52.880
<v Speaker 21>in Nigeria or they literally even have left because I think.

1146
00:58:55.079 --> 00:58:57.440
<v Speaker 3>It would drive investor confidence as well.

1147
00:58:57.599 --> 00:59:03.519
<v Speaker 1>So and see what you said, Yeah, I mean again,

1148
00:59:04.079 --> 00:59:06.440
<v Speaker 1>manual people are people are to ask telling me that

1149
00:59:06.800 --> 00:59:09.320
<v Speaker 1>the order will be challenge is a certain order.

1150
00:59:09.360 --> 00:59:11.559
<v Speaker 2>That's not the point the point of what you just

1151
00:59:11.559 --> 00:59:15.280
<v Speaker 2>said in Manuel. When you make this kind of order, you.

1152
00:59:15.440 --> 00:59:19.039
<v Speaker 1>Reveal or you show your hand, the market sees what

1153
00:59:19.320 --> 00:59:22.960
<v Speaker 1>your real intention is. That your intention is to go

1154
00:59:23.199 --> 00:59:28.239
<v Speaker 1>after private capital of citizens. That's your intention. That the

1155
00:59:28.320 --> 00:59:31.800
<v Speaker 1>cod simply slaps you back. So people that people then

1156
00:59:31.880 --> 00:59:34.280
<v Speaker 1>take dressing. People will then be like okay, because it's

1157
00:59:34.400 --> 00:59:36.480
<v Speaker 1>like this, now I will open an account in the

1158
00:59:36.599 --> 00:59:39.400
<v Speaker 1>name of my grandmother that is from land to Bigo.

1159
00:59:40.079 --> 00:59:43.360
<v Speaker 1>So you lose that willingness. Nie, you say want to,

1160
00:59:43.559 --> 00:59:47.159
<v Speaker 1>but you can't tell people red mix morney to Nigeria.

1161
00:59:48.440 --> 00:59:51.239
<v Speaker 2>When I when I it's an advice, when I it's.

1162
00:59:51.159 --> 00:59:55.880
<v Speaker 1>A suggestion, When I you you can't put voluntary in

1163
00:59:56.079 --> 00:59:58.599
<v Speaker 1>in in the act, Then it make me come back

1164
00:59:58.639 --> 01:00:01.360
<v Speaker 1>and say open another account. Then you have your central

1165
01:00:01.480 --> 01:00:04.360
<v Speaker 1>bank governor and your CV, sorry, your Minister of Finance

1166
01:00:04.400 --> 01:00:07.719
<v Speaker 1>saying holding the lights legal. I've shared the guy's article

1167
01:00:08.079 --> 01:00:10.880
<v Speaker 1>on my twotir feed. He read what he's saying. He's

1168
01:00:10.920 --> 01:00:13.960
<v Speaker 1>saying holding the dollar outside the banks legal? Why is

1169
01:00:14.039 --> 01:00:16.559
<v Speaker 1>the dollar should be? We said we should not dollarize

1170
01:00:16.559 --> 01:00:18.800
<v Speaker 1>the economy, So why are you concern with the dollar?

1171
01:00:19.239 --> 01:00:22.920
<v Speaker 1>Concern yourself with an ira. Make the Ira stronger, then

1172
01:00:22.960 --> 01:00:25.800
<v Speaker 1>the dollar will flow in. Why are you concern yourself

1173
01:00:26.039 --> 01:00:29.239
<v Speaker 1>with your currency you don't issue on or can remit.

1174
01:00:29.320 --> 01:00:30.320
<v Speaker 2>Why are you concent with that?

1175
01:00:30.800 --> 01:00:34.840
<v Speaker 1>If you want dollars, create the environment for dollars to

1176
01:00:35.000 --> 01:00:38.119
<v Speaker 1>come in, which you have already done and succeeded.

1177
01:00:38.960 --> 01:00:40.679
<v Speaker 2>You ish the dollar bond.

1178
01:00:40.719 --> 01:00:44.639
<v Speaker 1>And you got over subscription on that dollar bond, So

1179
01:00:44.840 --> 01:00:46.880
<v Speaker 1>why have you know a bundle dollar bond to go

1180
01:00:47.039 --> 01:00:50.280
<v Speaker 1>after dollar deposits in America, China and rest doesn't make

1181
01:00:50.360 --> 01:00:50.840
<v Speaker 1>it a man.

1182
01:00:54.719 --> 01:00:59.920
<v Speaker 3>Or? What are the uh is from? People? Are working up.

1183
01:01:02.000 --> 01:01:05.800
<v Speaker 13>Two families of Agias abroad. I feel like maybe that

1184
01:01:05.880 --> 01:01:08.119
<v Speaker 13>has reduced compared to what it was before.

1185
01:01:11.159 --> 01:01:13.960
<v Speaker 2>It hasn't reduced. What has happened that has gone to

1186
01:01:14.199 --> 01:01:15.440
<v Speaker 2>other means.

1187
01:01:15.519 --> 01:01:18.639
<v Speaker 1>You know in the past, right when we have remittances,

1188
01:01:18.679 --> 01:01:20.800
<v Speaker 1>if I want to repeat my to Nigeria, I remitted

1189
01:01:20.840 --> 01:01:23.840
<v Speaker 1>to my bank or or then my bank, I can

1190
01:01:23.920 --> 01:01:26.880
<v Speaker 1>go to the bank, take dollar and sell and give nayra.

1191
01:01:27.480 --> 01:01:29.679
<v Speaker 1>And there was a either you sent dollar and you

1192
01:01:29.760 --> 01:01:32.239
<v Speaker 1>get dollar, you send dollar, you get it doesn't matter

1193
01:01:32.280 --> 01:01:36.519
<v Speaker 1>about it. But what happened is that when they went

1194
01:01:36.840 --> 01:01:40.280
<v Speaker 1>after they went or not when they went after a

1195
01:01:40.400 --> 01:01:44.000
<v Speaker 1>bookie EFTs. They went after the gugs or remitting money

1196
01:01:44.039 --> 01:01:46.119
<v Speaker 1>and made it very bad difficult because they wanted to

1197
01:01:46.199 --> 01:01:48.840
<v Speaker 1>put to the remit only through Nigerian banks so they

1198
01:01:48.840 --> 01:01:51.840
<v Speaker 1>will see those dollars and give you at the official

1199
01:01:52.039 --> 01:01:55.559
<v Speaker 1>rate of die. Then from the narr that was what

1200
01:01:55.639 --> 01:01:58.480
<v Speaker 1>they were trying to send you money to Nigerian banks

1201
01:01:58.960 --> 01:02:02.519
<v Speaker 1>and nidrant banks will remit the funds to your destination.

1202
01:02:02.519 --> 01:02:03.880
<v Speaker 2>But at the official rate.

1203
01:02:04.840 --> 01:02:07.880
<v Speaker 1>Folks then went to P T P because on that

1204
01:02:08.000 --> 01:02:10.440
<v Speaker 1>P two P you can remit at the quote unquote

1205
01:02:10.719 --> 01:02:13.880
<v Speaker 1>market rate. So the Sylian try to stop P to

1206
01:02:14.000 --> 01:02:16.000
<v Speaker 1>P they could not. Then they went and said, okay,

1207
01:02:16.039 --> 01:02:18.519
<v Speaker 1>we're gonna pay you five narer. So every time you

1208
01:02:18.599 --> 01:02:23.519
<v Speaker 1>Semony three Nindrian bank, the Cilia was subsidizing that transfer.

1209
01:02:23.519 --> 01:02:25.840
<v Speaker 1>I pay you five now to get folks to leave

1210
01:02:26.039 --> 01:02:27.639
<v Speaker 1>P to P two banks.

1211
01:02:27.960 --> 01:02:30.000
<v Speaker 2>That's what we were before before we had the flute.

1212
01:02:30.639 --> 01:02:32.440
<v Speaker 2>So right now we have a flute.

1213
01:02:32.920 --> 01:02:35.159
<v Speaker 1>And so if you send your money's Nigeria, you are

1214
01:02:35.360 --> 01:02:38.119
<v Speaker 1>supposed to get the real markets.

1215
01:02:38.159 --> 01:02:41.000
<v Speaker 2>There's no more cibing rates. So what they trying to

1216
01:02:41.079 --> 01:02:41.840
<v Speaker 2>do now is to.

1217
01:02:41.880 --> 01:02:44.519
<v Speaker 1>Say listen, even that's market are saying that we want

1218
01:02:44.559 --> 01:02:45.760
<v Speaker 1>you to send the dollars itself.

1219
01:02:46.199 --> 01:02:48.639
<v Speaker 2>They want the dollars. That's what they are leaving focused on.

1220
01:02:49.320 --> 01:02:53.000
<v Speaker 3>And what the banks themselves they don't have the they're

1221
01:02:53.079 --> 01:02:56.800
<v Speaker 3>not promoting any infrastructure for people to use P to P.

1222
01:02:58.159 --> 01:03:00.480
<v Speaker 1>Banks can do P T P banks not doing P

1223
01:03:00.599 --> 01:03:02.639
<v Speaker 1>two P. They're not allowed to. That's what I'm trying

1224
01:03:02.679 --> 01:03:05.760
<v Speaker 1>to say. The P two B is the non banking.

1225
01:03:05.920 --> 01:03:07.719
<v Speaker 1>Maybe I'm doing the word P TWOP doesn't mean like

1226
01:03:07.800 --> 01:03:11.079
<v Speaker 1>how you say no no. In the Niger nigelity technology,

1227
01:03:11.199 --> 01:03:14.679
<v Speaker 1>the P two P are the non banking receivers and

1228
01:03:14.800 --> 01:03:15.880
<v Speaker 1>remitters of forests.

1229
01:03:16.400 --> 01:03:17.639
<v Speaker 2>So if you want to they can do.

1230
01:03:17.840 --> 01:03:23.519
<v Speaker 3>They can create a created company wants to have majority.

1231
01:03:24.760 --> 01:03:29.039
<v Speaker 2>No, no, no, they don't don't. Don't they know what

1232
01:03:29.159 --> 01:03:29.320
<v Speaker 2>to do.

1233
01:03:29.559 --> 01:03:34.079
<v Speaker 1>Listen the reason Nigerian banks before we're giving you an

1234
01:03:34.119 --> 01:03:38.159
<v Speaker 1>official rate, we have the flute. So Nigeron banks are

1235
01:03:38.239 --> 01:03:41.440
<v Speaker 1>now competing to get your remittances and give you not

1236
01:03:41.519 --> 01:03:43.599
<v Speaker 1>they can give you dollar, they can give you They.

1237
01:03:43.559 --> 01:03:46.079
<v Speaker 2>Are competing with what we call P two P. P

1238
01:03:46.239 --> 01:03:49.079
<v Speaker 2>two P is the online. When you go online, you

1239
01:03:49.199 --> 01:03:51.519
<v Speaker 2>can transfer crypto, you can transfer dollar.

1240
01:03:51.679 --> 01:03:55.239
<v Speaker 1>It goes from myself to battle to the present directly

1241
01:03:55.880 --> 01:03:58.280
<v Speaker 1>non banking, not going to the banks.

1242
01:03:58.599 --> 01:03:59.920
<v Speaker 2>That has been a big part of.

1243
01:04:00.199 --> 01:04:05.400
<v Speaker 21>Found How does EO country Your banks can do transductions.

1244
01:04:04.880 --> 01:04:09.679
<v Speaker 1>Like that are missing the point. They can do it,

1245
01:04:10.199 --> 01:04:15.599
<v Speaker 1>but they are official. The Nigerian government is official. If

1246
01:04:15.639 --> 01:04:18.599
<v Speaker 1>you go through the Nigerian bank, you are going through

1247
01:04:18.760 --> 01:04:23.320
<v Speaker 1>official channels. In the past, they made it very difficult

1248
01:04:23.360 --> 01:04:27.039
<v Speaker 1>to send money is through official channels. So many Nigeria's

1249
01:04:27.239 --> 01:04:30.559
<v Speaker 1>left official channels to what we call P two P.

1250
01:04:31.280 --> 01:04:31.880
<v Speaker 7>Now they have.

1251
01:04:32.159 --> 01:04:35.880
<v Speaker 1>Floated the currency. They have made it easier for us

1252
01:04:35.920 --> 01:04:37.000
<v Speaker 1>to go out to the bank. But I just have

1253
01:04:37.119 --> 01:04:39.519
<v Speaker 1>to not gone back to the banks. The banks have

1254
01:04:39.760 --> 01:04:44.239
<v Speaker 1>better technology, for the laws made it harder for them

1255
01:04:44.280 --> 01:04:46.559
<v Speaker 1>to compete with the P to P. Listen, if you

1256
01:04:46.639 --> 01:04:49.320
<v Speaker 1>go to binance or whatever they call it, you can semony.

1257
01:04:49.360 --> 01:04:51.960
<v Speaker 1>It goes to the present instantly, no questions asked for

1258
01:04:52.079 --> 01:04:52.880
<v Speaker 1>the Nigerian bank.

1259
01:04:53.079 --> 01:04:55.159
<v Speaker 2>You open this, you feel this, you do that.

1260
01:04:56.159 --> 01:04:58.039
<v Speaker 1>So it's not that the banks can do with the

1261
01:04:58.159 --> 01:05:01.039
<v Speaker 1>Nigerian banks are the best to do, but they are.

1262
01:05:01.119 --> 01:05:04.880
<v Speaker 1>They are a couple or they are handcuffed by regulation.

1263
01:05:05.079 --> 01:05:07.960
<v Speaker 1>So that's where we did. Let me get thank you

1264
01:05:08.079 --> 01:05:15.039
<v Speaker 1>so much for that. Demie dens in your mind, Demie,

1265
01:05:15.159 --> 01:05:15.559
<v Speaker 1>how you doing?

1266
01:05:15.639 --> 01:05:16.159
<v Speaker 2>Welcome back?

1267
01:05:17.119 --> 01:05:21.800
<v Speaker 1>I say you dropped off? All right, DENNI there you

1268
01:05:21.880 --> 01:05:25.800
<v Speaker 1>go again. Let's get I your so could be?

1269
01:05:26.480 --> 01:05:27.000
<v Speaker 7>How are you doing?

1270
01:05:29.719 --> 01:05:30.639
<v Speaker 3>Are you're showing me?

1271
01:05:31.000 --> 01:05:35.960
<v Speaker 2>Okay, let's get hey, why hey? Why are you gonna

1272
01:05:35.960 --> 01:05:36.519
<v Speaker 2>take you off?

1273
01:05:38.239 --> 01:05:38.440
<v Speaker 3>Hey?

1274
01:05:38.639 --> 01:05:42.960
<v Speaker 2>Why let's get you to come in here? Mind and up?

1275
01:05:46.519 --> 01:05:53.840
<v Speaker 3>Okay, I just wanted to perspective. Yeah, like what keeps saying.

1276
01:05:53.679 --> 01:05:56.159
<v Speaker 2>This is that's not law.

1277
01:05:57.039 --> 01:05:58.679
<v Speaker 3>I'm sure you understand.

1278
01:05:58.920 --> 01:06:01.000
<v Speaker 7>It's really what I know, say reople that it has.

1279
01:06:00.920 --> 01:06:01.639
<v Speaker 9>Been possible law.

1280
01:06:03.280 --> 01:06:03.960
<v Speaker 7>He kicked it out.

1281
01:06:04.079 --> 01:06:04.719
<v Speaker 3>It is, it is.

1282
01:06:04.760 --> 01:06:08.719
<v Speaker 17>Impossible, and as regards it's ready on the back of

1283
01:06:08.800 --> 01:06:10.079
<v Speaker 17>that executive call.

1284
01:06:10.159 --> 01:06:12.559
<v Speaker 3>That so when they keep saying it's not, I really

1285
01:06:12.559 --> 01:06:13.360
<v Speaker 3>don't know what they're there.

1286
01:06:13.480 --> 01:06:17.199
<v Speaker 11>You know, we we don't have a national assenting actually

1287
01:06:17.280 --> 01:06:20.119
<v Speaker 11>out as this we been sending or the digital move

1288
01:06:20.159 --> 01:06:20.519
<v Speaker 11>things out.

1289
01:06:20.719 --> 01:06:25.320
<v Speaker 3>Then it's really because infemily it out. So if we

1290
01:06:25.360 --> 01:06:26.760
<v Speaker 3>are parental on getting to toll the.

1291
01:06:26.840 --> 01:06:29.639
<v Speaker 23>National affamily to which is when people we can pie

1292
01:06:29.719 --> 01:06:32.039
<v Speaker 23>this out, then I don't know we are.

1293
01:06:32.639 --> 01:06:37.280
<v Speaker 3>I wouldn't be so confident in getting that words because amily.

1294
01:06:37.320 --> 01:06:39.039
<v Speaker 2>So we can actially begin to tell this as they

1295
01:06:39.119 --> 01:06:40.360
<v Speaker 2>are now and begin to.

1296
01:06:40.400 --> 01:06:44.199
<v Speaker 14>Know for how to get it off or look for

1297
01:06:44.679 --> 01:06:46.239
<v Speaker 14>or understand what they're trying.

1298
01:06:46.079 --> 01:06:48.960
<v Speaker 3>To write about that this is not endpossible. I think

1299
01:06:50.960 --> 01:06:53.000
<v Speaker 3>if you want so, if you want to stand on that.

1300
01:06:53.079 --> 01:06:56.559
<v Speaker 1>Particular exactly, I mean, I think there are many executives

1301
01:06:57.239 --> 01:07:01.239
<v Speaker 1>measures that have let that have been inclemented today as law.

1302
01:07:01.559 --> 01:07:05.280
<v Speaker 1>The President pass President Harry past executive order that says,

1303
01:07:05.360 --> 01:07:08.480
<v Speaker 1>if you take your tax money and you build a road,

1304
01:07:08.880 --> 01:07:12.239
<v Speaker 1>the government will give you that money as tax credits.

1305
01:07:12.239 --> 01:07:16.400
<v Speaker 2>It's an exective order. Has been implemented today it is happening.

1306
01:07:16.639 --> 01:07:19.280
<v Speaker 2>So you can't hide behind an executive order.

1307
01:07:21.960 --> 01:07:24.360
<v Speaker 3>An executive order in the same game as the law.

1308
01:07:24.960 --> 01:07:27.000
<v Speaker 2>I never want to go, I never want.

1309
01:07:30.760 --> 01:07:31.880
<v Speaker 3>An exective order.

1310
01:07:31.800 --> 01:07:36.000
<v Speaker 10>Is the same thing as a law specifies for your penalities.

1311
01:07:36.920 --> 01:07:40.360
<v Speaker 10>But now you when the order says you should do.

1312
01:07:41.039 --> 01:07:41.360
<v Speaker 2>Okay.

1313
01:07:41.760 --> 01:07:45.199
<v Speaker 3>However, however, what I do see in.

1314
01:07:46.000 --> 01:07:50.559
<v Speaker 10>Our executive order is that it is an keay complete order.

1315
01:07:51.159 --> 01:07:55.960
<v Speaker 10>It doesn't specified, it does justify what the penalties.

1316
01:07:55.440 --> 01:07:58.559
<v Speaker 3>Are if you do not do what the order says

1317
01:07:58.719 --> 01:07:59.199
<v Speaker 3>you should do.

1318
01:07:59.639 --> 01:08:02.960
<v Speaker 10>I remember when Trump where issud spy different types of

1319
01:08:03.039 --> 01:08:07.480
<v Speaker 10>incentive orders in the US and and people were challenging

1320
01:08:07.599 --> 01:08:11.679
<v Speaker 10>some of them in courts and it were defeated because

1321
01:08:11.760 --> 01:08:15.199
<v Speaker 10>when the other comes, it comes with a penalty for

1322
01:08:15.400 --> 01:08:19.079
<v Speaker 10>not doing what you said. Having said that, though, I

1323
01:08:19.279 --> 01:08:24.680
<v Speaker 10>think the government have a problem understanding how the global

1324
01:08:24.800 --> 01:08:30.079
<v Speaker 10>economy works. A bunch of flaws they are bringing in

1325
01:08:30.239 --> 01:08:34.720
<v Speaker 10>now is actually as incentive for people to invest in

1326
01:08:34.920 --> 01:08:38.199
<v Speaker 10>Nigeria right now, well.

1327
01:08:40.079 --> 01:08:42.000
<v Speaker 3>Sea, right now, this is a little bit order.

1328
01:08:42.119 --> 01:08:44.720
<v Speaker 7>If you've been making it, it is incentive for.

1329
01:08:44.840 --> 01:08:49.359
<v Speaker 2>Even people to be the citizens of Nigeria because.

1330
01:08:49.199 --> 01:08:52.720
<v Speaker 10>Your government is telling you that if you have money

1331
01:08:52.920 --> 01:08:56.760
<v Speaker 10>outside the country and you don't bring it into your country,

1332
01:08:57.239 --> 01:09:01.880
<v Speaker 10>then you have committed a crime and definitional crime. And

1333
01:09:03.359 --> 01:09:07.359
<v Speaker 10>the government being the type it was set up and

1334
01:09:07.520 --> 01:09:10.319
<v Speaker 10>now without epinality, they can go for the whole money.

1335
01:09:10.439 --> 01:09:13.760
<v Speaker 3>Whatever you have, they can seize it. There are peoples are.

1336
01:09:13.720 --> 01:09:19.199
<v Speaker 10>Sets being seized on filmsy excuses before because in Nigeria

1337
01:09:19.520 --> 01:09:22.159
<v Speaker 10>is a worldwide weste of laws.

1338
01:09:22.680 --> 01:09:26.079
<v Speaker 3>And there is impunity of law.

1339
01:09:27.119 --> 01:09:30.439
<v Speaker 10>Please don't quite work the way it should work unless

1340
01:09:30.560 --> 01:09:33.000
<v Speaker 10>you are powerful or you know powerful people.

1341
01:09:34.920 --> 01:09:36.079
<v Speaker 3>There was a speaker that was.

1342
01:09:36.079 --> 01:09:39.199
<v Speaker 10>Saying that someone can actually be arrested at the airport

1343
01:09:39.359 --> 01:09:43.000
<v Speaker 10>and then for not for having money outside.

1344
01:09:43.479 --> 01:09:44.159
<v Speaker 3>And that's true.

1345
01:09:44.760 --> 01:09:48.399
<v Speaker 10>I haven't said that this executive is actually targeted at

1346
01:09:48.520 --> 01:09:53.640
<v Speaker 10>some people, specifically politicians that the government said that the

1347
01:09:53.760 --> 01:09:57.079
<v Speaker 10>money they have outside will be a threat to him

1348
01:09:57.520 --> 01:10:01.439
<v Speaker 10>manipulating the next election. So this is started at the

1349
01:10:01.520 --> 01:10:02.079
<v Speaker 10>next selection.

1350
01:10:02.479 --> 01:10:03.800
<v Speaker 3>But it's too broad.

1351
01:10:04.079 --> 01:10:07.119
<v Speaker 10>It puts every citizen of this country to be a

1352
01:10:07.279 --> 01:10:08.760
<v Speaker 10>potential law breaker.

1353
01:10:10.079 --> 01:10:14.359
<v Speaker 24>Yeah, that's the point of the country. That's the point

1354
01:10:14.359 --> 01:10:17.520
<v Speaker 24>into your country. Yeah, you're coming to your country and

1355
01:10:18.960 --> 01:10:20.760
<v Speaker 24>being in Nigeria, you've already broken the law.

1356
01:10:21.800 --> 01:10:24.399
<v Speaker 10>Because you have a dollar in your house that you

1357
01:10:24.479 --> 01:10:27.520
<v Speaker 10>have not declared to the government, you've already broken the law.

1358
01:10:28.039 --> 01:10:29.479
<v Speaker 3>You have an offshore.

1359
01:10:29.079 --> 01:10:32.960
<v Speaker 10>Company that we're running for a thousand years and maybe

1360
01:10:33.399 --> 01:10:36.960
<v Speaker 10>your great grandfather have this company and you're happen vidim

1361
01:10:37.039 --> 01:10:41.560
<v Speaker 10>from it. They want you to liquidate that trust trust company.

1362
01:10:41.600 --> 01:10:43.640
<v Speaker 10>They want you to recredate the trust and bring back

1363
01:10:43.680 --> 01:10:44.960
<v Speaker 10>the money to Nigeria.

1364
01:10:45.199 --> 01:10:46.159
<v Speaker 6>And I kind of need that.

1365
01:10:46.279 --> 01:10:47.119
<v Speaker 3>It's only life.

1366
01:10:49.560 --> 01:10:52.319
<v Speaker 2>Yeah, there's the point that we can all broke at

1367
01:10:52.359 --> 01:10:53.560
<v Speaker 2>the same time, so then we can.

1368
01:10:53.520 --> 01:10:57.319
<v Speaker 1>All question is you know, like I said, in South Korea,

1369
01:10:57.399 --> 01:10:59.920
<v Speaker 1>they passed the same law and they were very small.

1370
01:11:00.359 --> 01:11:08.319
<v Speaker 2>They were very specific, but it's not exactly advice hold on,

1371
01:11:08.439 --> 01:11:10.039
<v Speaker 2>let me hold them needs a few guys.

1372
01:11:10.880 --> 01:11:15.479
<v Speaker 1>If you're not speaking, mutes, if you're not speaking place mute, Yeah,

1373
01:11:16.039 --> 01:11:18.439
<v Speaker 1>please go. The point of thinking was that in South

1374
01:11:18.560 --> 01:11:20.640
<v Speaker 1>Korea they passed the same law, but we were very

1375
01:11:20.720 --> 01:11:24.039
<v Speaker 1>very specific. This is targeted at those that have these

1376
01:11:24.159 --> 01:11:27.319
<v Speaker 1>corporations or corrupt folks that are bring the money back

1377
01:11:27.359 --> 01:11:30.840
<v Speaker 1>in very very targeted. This law is sweeping, It says

1378
01:11:30.960 --> 01:11:33.039
<v Speaker 1>Nigerian's It even goes about to say.

1379
01:11:33.159 --> 01:11:34.960
<v Speaker 2>Diaspora at least diaspora.

1380
01:11:35.560 --> 01:11:38.880
<v Speaker 1>So if you are Shaddy, I do Shaddy, I do

1381
01:11:39.560 --> 01:11:44.640
<v Speaker 1>you are Nigerian Because you are Nigerian, Shade is expected

1382
01:11:44.840 --> 01:11:46.159
<v Speaker 1>under this law to.

1383
01:11:46.359 --> 01:11:49.640
<v Speaker 2>Disclose what she has in her bank account to Nigerian governments.

1384
01:11:49.920 --> 01:11:53.119
<v Speaker 2>Then she's expected expected.

1385
01:11:54.359 --> 01:11:57.000
<v Speaker 1>She's expected to that remait her money from her UK

1386
01:11:57.319 --> 01:11:59.600
<v Speaker 1>Shall I do to remait her money from.

1387
01:11:59.520 --> 01:12:01.960
<v Speaker 2>That you K bank to Nigerian bank.

1388
01:12:02.000 --> 01:12:04.239
<v Speaker 1>I mean, it's crazy, but you can't write your laws

1389
01:12:04.319 --> 01:12:05.960
<v Speaker 1>to make sure that it doesn't.

1390
01:12:08.479 --> 01:12:12.600
<v Speaker 2>Exactly law and it's not being I'm quoting the law

1391
01:12:12.640 --> 01:12:15.479
<v Speaker 2>and I quoted it again for those just joining Number one.

1392
01:12:15.960 --> 01:12:17.079
<v Speaker 3>Number one it.

1393
01:12:17.199 --> 01:12:20.880
<v Speaker 1>Says the start off by saying that that Nigeria's they

1394
01:12:20.920 --> 01:12:27.079
<v Speaker 1>are amounts of internationalitud foreign currency lawfully held by Nigerians

1395
01:12:27.199 --> 01:12:31.119
<v Speaker 1>within Nigeria and the DASPRA. He says it there so

1396
01:12:31.399 --> 01:12:35.920
<v Speaker 1>that diaspora and Nigerian's lawfully hold foreign currency. Then number

1397
01:12:35.960 --> 01:12:39.960
<v Speaker 1>two there says within ninety days minister should pass a law.

1398
01:12:40.199 --> 01:12:43.319
<v Speaker 1>Minister of financially then passes second which has done. Number

1399
01:12:43.399 --> 01:12:47.520
<v Speaker 1>two he says that all Nigerians foreign and diaspora should

1400
01:12:47.920 --> 01:12:51.199
<v Speaker 1>disclose their internationally foreign currency.

1401
01:12:50.960 --> 01:12:53.640
<v Speaker 2>Held on shore and offshore.

1402
01:12:53.960 --> 01:12:57.199
<v Speaker 1>Number two he said that the Nigerians should there remit

1403
01:12:57.279 --> 01:13:01.000
<v Speaker 1>their dollars they are holding in Nigeria to Nigerian back.

1404
01:13:01.239 --> 01:13:05.800
<v Speaker 1>Number three, He then says, listening repatriation of this closed

1405
01:13:06.000 --> 01:13:09.960
<v Speaker 1>international treatable foreign currency held off showing cash or retain

1406
01:13:10.039 --> 01:13:10.840
<v Speaker 1>or training form.

1407
01:13:11.159 --> 01:13:15.600
<v Speaker 2>Through approved time. So do who is Nigerian has.

1408
01:13:15.520 --> 01:13:19.600
<v Speaker 1>Never been to Nigeria, does not just Nigeria's expected to

1409
01:13:19.680 --> 01:13:24.640
<v Speaker 1>go and disclose voluntarily her dollar had pounds by bank account,

1410
01:13:24.800 --> 01:13:27.600
<v Speaker 1>then transfer her pounds bank account from the UK banned

1411
01:13:27.760 --> 01:13:30.840
<v Speaker 1>to Nigerian back voluntarily. Guys, don't forget she has to

1412
01:13:30.880 --> 01:13:34.760
<v Speaker 1>do this voluntily. Why is such a law coming out

1413
01:13:34.840 --> 01:13:38.159
<v Speaker 1>on the box. The point my ban on is making

1414
01:13:38.199 --> 01:13:41.760
<v Speaker 1>that it causes a loss of confidence. Why okay, why

1415
01:13:41.800 --> 01:13:45.840
<v Speaker 1>should I be in Nigerian if my dollar holdings the

1416
01:13:45.960 --> 01:13:49.359
<v Speaker 1>guy that the guy sold his business to Google for

1417
01:13:49.520 --> 01:13:52.680
<v Speaker 1>a billion dollars? This is the guy who's that guy's name.

1418
01:13:52.720 --> 01:13:56.479
<v Speaker 1>He sold his dollar holdings to Google for a billion dollars.

1419
01:13:56.680 --> 01:14:00.560
<v Speaker 1>The guy that owns Kalndary Kalendary is Nigerian. How how

1420
01:14:00.680 --> 01:14:03.079
<v Speaker 1>much is calendary work to do so? The government said

1421
01:14:03.119 --> 01:14:07.720
<v Speaker 1>that guy, that coalentary guy should volongially quote dis closest

1422
01:14:07.760 --> 01:14:11.239
<v Speaker 1>bank account and then voluntely transfer his bank accounts from

1423
01:14:11.399 --> 01:14:13.000
<v Speaker 1>whatever it is to nature.

1424
01:14:13.039 --> 01:14:13.800
<v Speaker 2>It makes no sense.

1425
01:14:14.119 --> 01:14:14.840
<v Speaker 3>You are consting.

1426
01:14:14.880 --> 01:14:18.720
<v Speaker 1>A lot of others are saying, come come to by

1427
01:14:18.800 --> 01:14:23.760
<v Speaker 1>contract a citizenship like in Ghana, in in whatever Rightwanda,

1428
01:14:24.119 --> 01:14:25.399
<v Speaker 1>come to the contract Asiship.

1429
01:14:25.439 --> 01:14:25.920
<v Speaker 2>You areking me.

1430
01:14:25.920 --> 01:14:27.720
<v Speaker 1>If you're a citizen, well I'm gonna take away your

1431
01:14:27.760 --> 01:14:31.680
<v Speaker 1>bank account. Makes no sense, guys, makes no sense. Man,

1432
01:14:31.960 --> 01:14:38.000
<v Speaker 1>let me get demi in here. Demi yeah, I'm God.

1433
01:14:38.079 --> 01:14:42.680
<v Speaker 3>Wanted to approach this from what was assuming that the

1434
01:14:43.079 --> 01:14:47.079
<v Speaker 3>government is competent and has a clear strategy behind why

1435
01:14:47.159 --> 01:14:47.720
<v Speaker 3>they're doing this.

1436
01:14:49.000 --> 01:14:51.720
<v Speaker 2>So if we assume that their.

1437
01:14:51.640 --> 01:14:55.359
<v Speaker 11>Strategy is economic, then you know, everyone is already established.

1438
01:14:55.399 --> 01:14:58.359
<v Speaker 3>It doesn't make any sense. As someone that lives in

1439
01:14:58.439 --> 01:14:59.640
<v Speaker 3>the United Kingdom.

1440
01:15:00.000 --> 01:15:02.640
<v Speaker 25>There is no carrot and there is no stick, right,

1441
01:15:02.680 --> 01:15:06.239
<v Speaker 25>there's no incentive being provided by disorder, and there's no

1442
01:15:07.199 --> 01:15:08.119
<v Speaker 25>clear punishment.

1443
01:15:09.000 --> 01:15:14.399
<v Speaker 11>So if I'm assuming that this government is is competent,

1444
01:15:14.520 --> 01:15:18.159
<v Speaker 11>then my assumption is that there's a political angle.

1445
01:15:17.920 --> 01:15:20.479
<v Speaker 3>To this and that they're using this law as a.

1446
01:15:20.680 --> 01:15:26.640
<v Speaker 25>Precursor to political persecution because it gives you a fairly

1447
01:15:27.760 --> 01:15:31.880
<v Speaker 25>wide open readmit to persecute anyone that would be suspected

1448
01:15:31.960 --> 01:15:32.279
<v Speaker 25>of not.

1449
01:15:34.399 --> 01:15:39.039
<v Speaker 3>Remitting their their funds to Nigeria. So yeah, that's that's

1450
01:15:39.159 --> 01:15:40.239
<v Speaker 3>that was my main contribution.

1451
01:15:40.399 --> 01:15:42.720
<v Speaker 25>Like I've been thinking through the contributions on the space,

1452
01:15:43.239 --> 01:15:45.720
<v Speaker 25>trying to make sense of the economic arguments, and it

1453
01:15:45.920 --> 01:15:47.560
<v Speaker 25>is clear that there isn't one and.

1454
01:15:47.600 --> 01:15:50.079
<v Speaker 3>This actually is actually going to discourage investments.

1455
01:15:50.199 --> 01:15:55.479
<v Speaker 1>So des for relation, DeBie Dennis an economic argument. The

1456
01:15:55.600 --> 01:15:58.760
<v Speaker 1>law itself, it's not mut Nigeria yet. It's been done

1457
01:15:58.800 --> 01:16:01.159
<v Speaker 1>by many other countries in the past. They used to

1458
01:16:01.239 --> 01:16:03.399
<v Speaker 1>get in, should we say, illicit.

1459
01:16:03.159 --> 01:16:03.920
<v Speaker 2>Funds back home.

1460
01:16:04.000 --> 01:16:06.199
<v Speaker 1>So if I was corrupted and I've come to Jesus,

1461
01:16:06.319 --> 01:16:07.439
<v Speaker 1>I can bring my funds.

1462
01:16:07.199 --> 01:16:08.399
<v Speaker 2>Back to Nigeria. It's not new.

1463
01:16:08.840 --> 01:16:11.279
<v Speaker 1>The point is the way it is written. It's written

1464
01:16:11.399 --> 01:16:16.239
<v Speaker 1>so broadly and it makes that holding illegal. It doesn't

1465
01:16:16.279 --> 01:16:19.800
<v Speaker 1>make any sense. You've got to write very very specific

1466
01:16:20.079 --> 01:16:22.239
<v Speaker 1>law and say this is who we are targeting. This

1467
01:16:22.399 --> 01:16:24.760
<v Speaker 1>boy is for this kind of Nigeria and if you

1468
01:16:24.880 --> 01:16:26.720
<v Speaker 1>do this, this is what you get. The way it

1469
01:16:26.880 --> 01:16:31.319
<v Speaker 1>is written today to say you DEMI are in contribution

1470
01:16:31.600 --> 01:16:34.359
<v Speaker 1>after ninety days you that's how the story is fitting.

1471
01:16:34.479 --> 01:16:38.039
<v Speaker 1>That's once you sit in Nigeria by January nineteenth. DEMI,

1472
01:16:38.119 --> 01:16:41.560
<v Speaker 1>whenever you're in the world, you are in controversion of

1473
01:16:41.720 --> 01:16:42.840
<v Speaker 1>this executive order.

1474
01:16:43.079 --> 01:16:46.000
<v Speaker 2>That's the point. And we can have a bit more

1475
01:16:46.079 --> 01:16:49.520
<v Speaker 2>that it is just broad sweeping, like we can't give

1476
01:16:49.600 --> 01:16:54.760
<v Speaker 2>anesty and rope everybody else into this, you know, class action.

1477
01:16:54.880 --> 01:17:01.319
<v Speaker 2>It doesn't make any sense. Yeah, all right, yeah, real quick,

1478
01:17:01.520 --> 01:17:02.199
<v Speaker 2>real quick, aiet.

1479
01:17:03.760 --> 01:17:06.920
<v Speaker 3>But I want to ask. It's just something I'm liking

1480
01:17:07.840 --> 01:17:10.720
<v Speaker 3>sp sense. He's says that.

1481
01:17:13.680 --> 01:17:17.119
<v Speaker 12>This don't just right because I did doctor bat If

1482
01:17:17.199 --> 01:17:19.439
<v Speaker 12>issued his skill.

1483
01:17:19.399 --> 01:17:23.000
<v Speaker 3>Guideline whatever tent twenty four on if before.

1484
01:17:23.479 --> 01:17:27.520
<v Speaker 11>So I'm trying to make sense for if the the

1485
01:17:28.279 --> 01:17:32.199
<v Speaker 11>the tap of the last how come the skin guideline?

1486
01:17:32.600 --> 01:17:37.279
<v Speaker 1>And this is just like the question that I can't

1487
01:17:37.560 --> 01:17:41.239
<v Speaker 1>that's exactly is the guide like back dat, I'm not

1488
01:17:41.279 --> 01:17:43.439
<v Speaker 1>saying it back to the guy that I have posted

1489
01:17:44.439 --> 01:17:46.800
<v Speaker 1>almost let me see the date I have on mine

1490
01:17:47.039 --> 01:17:48.119
<v Speaker 1>is let me get it.

1491
01:17:49.680 --> 01:17:50.439
<v Speaker 2>It's November.

1492
01:17:50.520 --> 01:17:53.079
<v Speaker 1>The step that's what I happy the space it's really

1493
01:17:53.119 --> 01:17:56.399
<v Speaker 1>see look at the first paragraph.

1494
01:17:56.720 --> 01:17:58.520
<v Speaker 3>He's saying that the.

1495
01:17:58.960 --> 01:18:02.720
<v Speaker 12>Minister Finance, committing miss of Economy had issued the foreign

1496
01:18:02.880 --> 01:18:04.399
<v Speaker 12>currency exclusure.

1497
01:18:05.199 --> 01:18:09.119
<v Speaker 7>For incurs exclusures in the profusion and the masking.

1498
01:18:08.880 --> 01:18:15.800
<v Speaker 3>Guideless now for on April eighth, swore and so I

1499
01:18:16.279 --> 01:18:18.439
<v Speaker 3>said to operationalize.

1500
01:18:18.560 --> 01:18:22.800
<v Speaker 23>About fifteen, the Wonderable of Finance and Positions of Economy.

1501
01:18:22.479 --> 01:18:25.319
<v Speaker 3>Had issued the foreign Currency Exclusion.

1502
01:18:25.119 --> 01:18:29.359
<v Speaker 12>Deposit perfusion and Business regardless three twenty four on every

1503
01:18:29.479 --> 01:18:30.199
<v Speaker 12>twenty four.

1504
01:18:30.720 --> 01:18:33.239
<v Speaker 26>So it is saying that your ready issue is being

1505
01:18:33.319 --> 01:18:36.399
<v Speaker 26>guidelines in anticipation that there's a good.

1506
01:18:36.720 --> 01:18:40.359
<v Speaker 3>Become October feeling feeling and twenty five.

1507
01:18:40.520 --> 01:18:44.560
<v Speaker 1>Honestly, honestly, so that could be a typo or something.

1508
01:18:44.680 --> 01:18:47.399
<v Speaker 1>I'm saying, yes, skin on April eight, that could be

1509
01:18:47.479 --> 01:18:48.920
<v Speaker 1>a typeo because.

1510
01:18:49.119 --> 01:18:50.960
<v Speaker 2>When everything was in it is November.

1511
01:18:51.039 --> 01:18:53.800
<v Speaker 1>Even the letter you're regally saying, if you look at it,

1512
01:18:53.840 --> 01:18:57.359
<v Speaker 1>they're saying October twenty fifth. Let's your reading. I was

1513
01:18:57.399 --> 01:18:59.439
<v Speaker 1>watching the field too, and I'm not sure where April

1514
01:18:59.560 --> 01:19:01.960
<v Speaker 1>it came from. That's for them to I'm not sure

1515
01:19:01.960 --> 01:19:03.600
<v Speaker 1>where I was coming from. But it looks like don't

1516
01:19:03.600 --> 01:19:07.760
<v Speaker 1>want me, that's the title. Let me get doctor, doctor obi,

1517
01:19:08.439 --> 01:19:11.479
<v Speaker 1>I can I can help. What's your ticket?

1518
01:19:11.479 --> 01:19:11.920
<v Speaker 3>What's going on?

1519
01:19:13.960 --> 01:19:14.159
<v Speaker 19>Yeah?

1520
01:19:18.039 --> 01:19:20.960
<v Speaker 2>But when are you moving your money over? Let's start

1521
01:19:21.000 --> 01:19:21.199
<v Speaker 2>from it.

1522
01:19:22.439 --> 01:19:24.399
<v Speaker 3>Well, you asked me, where am I announcement.

1523
01:19:24.960 --> 01:19:27.920
<v Speaker 1>Oh my god, oh this small secular they can't play

1524
01:19:27.960 --> 01:19:31.399
<v Speaker 1>with you again, Okay, because.

1525
01:19:31.119 --> 01:19:32.399
<v Speaker 3>It is actually right.

1526
01:19:32.600 --> 01:19:36.800
<v Speaker 27>That was something that I was going to do earlier

1527
01:19:36.960 --> 01:19:41.760
<v Speaker 27>this year, just like a jump a government the government

1528
01:19:41.920 --> 01:19:46.359
<v Speaker 27>job that I was going to participate in, and it's

1529
01:19:46.399 --> 01:19:50.279
<v Speaker 27>like a high security job and it requires me to

1530
01:19:50.399 --> 01:19:52.439
<v Speaker 27>actually announce my Jazz citizenship.

1531
01:19:54.039 --> 01:19:57.119
<v Speaker 3>You know, I can't be and be part of it.

1532
01:19:58.479 --> 01:20:04.880
<v Speaker 27>So me, it was difficult for me, and I hope

1533
01:20:04.880 --> 01:20:07.279
<v Speaker 27>get out of the job because I don't know how

1534
01:20:07.439 --> 01:20:07.920
<v Speaker 27>renounced my.

1535
01:20:07.960 --> 01:20:09.079
<v Speaker 3>Gurance citizenship, you know.

1536
01:20:11.720 --> 01:20:14.479
<v Speaker 12>So now we have this.

1537
01:20:14.720 --> 01:20:20.479
<v Speaker 27>You know, the people who are running Nigeria, they don't

1538
01:20:21.199 --> 01:20:22.079
<v Speaker 27>They don't seem to.

1539
01:20:22.119 --> 01:20:23.000
<v Speaker 3>Have good intention.

1540
01:20:23.760 --> 01:20:26.479
<v Speaker 27>You know, there is there's something that you have good intention,

1541
01:20:26.760 --> 01:20:30.039
<v Speaker 27>but maybe you ready you are making mistakes, you know,

1542
01:20:31.119 --> 01:20:34.199
<v Speaker 27>it would be clear. But I don't think that they

1543
01:20:34.279 --> 01:20:38.239
<v Speaker 27>have good intention. It seems that everything they're doing it's

1544
01:20:38.319 --> 01:20:42.119
<v Speaker 27>either you know, to correptutly enrich themselves or to target

1545
01:20:42.279 --> 01:20:42.960
<v Speaker 27>their enemies.

1546
01:20:43.960 --> 01:20:45.319
<v Speaker 3>If this was supposed to be.

1547
01:20:46.279 --> 01:20:49.279
<v Speaker 27>For public officeholders who must have stolen money, you could

1548
01:20:49.319 --> 01:20:52.279
<v Speaker 27>have just made it clear that our current and former

1549
01:20:52.640 --> 01:20:57.560
<v Speaker 27>public office holders should blah blah blah blah, blah, you know.

1550
01:20:59.039 --> 01:20:59.920
<v Speaker 3>That would understand it.

1551
01:21:00.319 --> 01:21:05.000
<v Speaker 27>But use this with him thing about all Nigerias, like

1552
01:21:05.159 --> 01:21:08.520
<v Speaker 27>somebody says, you know, now in Nigeria, they put all

1553
01:21:08.560 --> 01:21:10.800
<v Speaker 27>these laws and everybody.

1554
01:21:10.399 --> 01:21:11.880
<v Speaker 3>Will be fine just going around.

1555
01:21:11.960 --> 01:21:14.159
<v Speaker 27>But the day they want to target you, they will

1556
01:21:14.239 --> 01:21:17.079
<v Speaker 27>pull it from their house and use it to Pacaty

1557
01:21:17.239 --> 01:21:21.920
<v Speaker 27>just like Cubanaci police and Bob Risky was tried for

1558
01:21:22.119 --> 01:21:26.520
<v Speaker 27>splaying and while everybody's playing that even today, that is Sunday.

1559
01:21:27.199 --> 01:21:30.319
<v Speaker 27>If you go around in Nigeria, everybody you supposed playing

1560
01:21:30.359 --> 01:21:33.920
<v Speaker 27>and you see police people guiding them provided security, but

1561
01:21:34.000 --> 01:21:37.239
<v Speaker 27>alof has already decided to just go to two people

1562
01:21:37.800 --> 01:21:41.359
<v Speaker 27>and they hold him continue. So it's all a joke

1563
01:21:42.439 --> 01:21:46.119
<v Speaker 27>like all that have said. If they become serious about this,

1564
01:21:46.279 --> 01:21:48.840
<v Speaker 27>a lot of people who all renown like their Nigeria citizenship,

1565
01:21:49.520 --> 01:21:52.760
<v Speaker 27>you know, maybe you will go somewhere and believe republic,

1566
01:21:53.279 --> 01:21:56.680
<v Speaker 27>you know, talk to blame public governments in both Novo

1567
01:21:57.439 --> 01:21:58.279
<v Speaker 27>and they will give.

1568
01:21:58.239 --> 01:22:01.399
<v Speaker 3>Us some accounts of land and we will build a.

1569
01:22:01.439 --> 01:22:03.800
<v Speaker 27>Little city there when we want to the count to

1570
01:22:04.119 --> 01:22:06.800
<v Speaker 27>Africa and we'll just be there and be looking at

1571
01:22:06.840 --> 01:22:09.960
<v Speaker 27>the U people in Nigeria because me I know I

1572
01:22:10.079 --> 01:22:13.720
<v Speaker 27>understand all already investments that we have to be making

1573
01:22:13.840 --> 01:22:19.880
<v Speaker 27>nine jelia. So this was twenty fourteen. I was in Nigeria,

1574
01:22:20.439 --> 01:22:21.159
<v Speaker 27>in Conjinia.

1575
01:22:20.920 --> 01:22:26.920
<v Speaker 3>Twenty fourteen and I had I had so because I

1576
01:22:27.279 --> 01:22:27.600
<v Speaker 3>came for.

1577
01:22:27.920 --> 01:22:30.520
<v Speaker 27>Some funeral and funeral I decided to leave some money

1578
01:22:30.520 --> 01:22:33.640
<v Speaker 27>in Nigera twenty fourteen major it was going the upwards

1579
01:22:34.079 --> 01:22:37.399
<v Speaker 27>where I wantimistic, so I decided to leave some four

1580
01:22:37.479 --> 01:22:40.800
<v Speaker 27>thousand that left to to in dollars.

1581
01:22:40.920 --> 01:22:44.720
<v Speaker 3>I left two in naira. So I opened that I

1582
01:22:44.800 --> 01:22:47.359
<v Speaker 3>left to in dollar and then I opened another and

1583
01:22:47.439 --> 01:22:49.000
<v Speaker 3>another accounts I left to.

1584
01:22:49.119 --> 01:22:52.239
<v Speaker 27>I changed two thousand dollars in done as at that

1585
01:22:52.479 --> 01:22:58.319
<v Speaker 27>time I think it was two for if I can remember,

1586
01:22:58.640 --> 01:23:00.279
<v Speaker 27>so the thing would have been like for gon at

1587
01:23:00.319 --> 01:23:05.000
<v Speaker 27>eighty thousand, and I put it the git back apparently

1588
01:23:05.199 --> 01:23:08.039
<v Speaker 27>gy banquet whatever whatever you're supposed to do to give

1589
01:23:08.079 --> 01:23:11.600
<v Speaker 27>me online access, you know, assigned this documents alute discipline

1590
01:23:11.640 --> 01:23:13.359
<v Speaker 27>that I just kept tired and I forget and I

1591
01:23:13.479 --> 01:23:14.319
<v Speaker 27>just left them alone.

1592
01:23:15.600 --> 01:23:18.319
<v Speaker 3>That morning found than eighty thousand. It is still there.

1593
01:23:18.920 --> 01:23:19.840
<v Speaker 7>You will know.

1594
01:23:21.720 --> 01:23:24.079
<v Speaker 27>It is not even what is not even on the

1595
01:23:24.159 --> 01:23:26.439
<v Speaker 27>five hundred dollars now, but it was a cash off

1596
01:23:26.479 --> 01:23:28.520
<v Speaker 27>two thousand dollars that I I put.

1597
01:23:28.399 --> 01:23:31.560
<v Speaker 3>In, you know, the one in dollars.

1598
01:23:31.640 --> 01:23:34.359
<v Speaker 2>What do I taking the money like fees? What happened?

1599
01:23:34.760 --> 01:23:36.279
<v Speaker 3>No? No, no, the one and now I is still

1600
01:23:36.359 --> 01:23:37.359
<v Speaker 3>there found that eighty time.

1601
01:23:37.399 --> 01:23:39.319
<v Speaker 27>I'm talking about what it wants. Now the value is

1602
01:23:39.439 --> 01:23:43.039
<v Speaker 27>now then the one in the inion dollars they'd be taking.

1603
01:23:43.079 --> 01:23:45.520
<v Speaker 27>They were taking fees from me. They've been taking fees

1604
01:23:45.960 --> 01:23:50.239
<v Speaker 27>that morning. The last time I checked, it's like one

1605
01:23:50.640 --> 01:23:54.720
<v Speaker 27>thousand for hundred and something. Because the last time I

1606
01:23:54.800 --> 01:23:58.039
<v Speaker 27>was in the JR. I would try to to join

1607
01:23:58.079 --> 01:23:59.239
<v Speaker 27>the money and close the account.

1608
01:23:59.279 --> 01:24:01.640
<v Speaker 12>But you know I couldn't.

1609
01:24:01.760 --> 01:24:03.119
<v Speaker 3>I couldn't be able to do that.

1610
01:24:03.199 --> 01:24:04.600
<v Speaker 27>I went to the bank to they were you know,

1611
01:24:04.760 --> 01:24:07.399
<v Speaker 27>running around, you know, and it was a day before

1612
01:24:07.560 --> 01:24:08.239
<v Speaker 27>before I leave.

1613
01:24:08.319 --> 01:24:08.920
<v Speaker 3>I just left.

1614
01:24:09.720 --> 01:24:12.479
<v Speaker 27>So this is just to say that we personally have

1615
01:24:12.640 --> 01:24:17.079
<v Speaker 27>decided that you know, guys, you know, like putting an.

1616
01:24:17.000 --> 01:24:19.720
<v Speaker 3>Investment in Nageia and doing stuff like that, it's it's.

1617
01:24:19.960 --> 01:24:23.520
<v Speaker 27>In waste, okay, you know, Okay. For for for instance,

1618
01:24:23.800 --> 01:24:28.880
<v Speaker 27>I bought a house in Vegas, this house. I reduced

1619
01:24:28.880 --> 01:24:31.359
<v Speaker 27>one hundred and thirty thousand dollars to buy this house.

1620
01:24:32.119 --> 01:24:34.960
<v Speaker 27>As at that time the whole thirty thousand amounted to

1621
01:24:35.479 --> 01:24:37.079
<v Speaker 27>about sixty eight million.

1622
01:24:38.399 --> 01:24:39.159
<v Speaker 3>This should be.

1623
01:24:41.279 --> 01:24:44.640
<v Speaker 27>Appreciate maybe about three years ago he amounted to sixty

1624
01:24:44.680 --> 01:24:45.159
<v Speaker 27>eight million.

1625
01:24:46.680 --> 01:24:47.880
<v Speaker 3>There's a friend of mine here.

1626
01:24:48.239 --> 01:24:51.199
<v Speaker 12>I was convincing him to be the umpire and let's,

1627
01:24:51.239 --> 01:24:52.920
<v Speaker 12>you know, let's get the house because I know the

1628
01:24:52.960 --> 01:24:54.359
<v Speaker 12>person that they can look in the state.

1629
01:24:54.840 --> 01:24:57.159
<v Speaker 3>You know. So he wasn't he wasn't ready with money.

1630
01:24:57.199 --> 01:24:58.479
<v Speaker 3>So I went, I heard, and I bought.

1631
01:25:00.800 --> 01:25:06.319
<v Speaker 27>Now, fast forward to today, fast forward to earlier this year,

1632
01:25:06.880 --> 01:25:10.119
<v Speaker 27>that house has appreciated to nineteen million, according to what

1633
01:25:10.239 --> 01:25:11.279
<v Speaker 27>they what they're telling me.

1634
01:25:11.920 --> 01:25:13.039
<v Speaker 14>And then this kind of.

1635
01:25:13.119 --> 01:25:14.920
<v Speaker 3>Mine now was ready to buy.

1636
01:25:15.279 --> 01:25:16.199
<v Speaker 2>And you know what happened.

1637
01:25:16.760 --> 01:25:21.199
<v Speaker 27>He used about sixty thousand dollars to buy the same

1638
01:25:21.239 --> 01:25:23.720
<v Speaker 27>property that I bought four hundred and thirty thousand.

1639
01:25:24.520 --> 01:25:25.880
<v Speaker 3>I don't know if you understand what I mean.

1640
01:25:27.399 --> 01:25:31.159
<v Speaker 27>So by the time he changed sixty thousand dollars and

1641
01:25:31.279 --> 01:25:33.239
<v Speaker 27>it was enough for him to pay for.

1642
01:25:33.479 --> 01:25:37.720
<v Speaker 3>The same property. Yeah. That that's that's so remember that.

1643
01:25:39.600 --> 01:25:42.560
<v Speaker 27>Someone who say, my property appreciated from sixty eight million

1644
01:25:42.600 --> 01:25:45.600
<v Speaker 27>to nineteen million, or if I have pat that hundred

1645
01:25:45.600 --> 01:25:49.359
<v Speaker 27>and that my pillow today, I'll use it to buy two.

1646
01:25:53.279 --> 01:25:58.039
<v Speaker 28>So this hole, this whole, I think you know, like me,

1647
01:25:58.159 --> 01:25:59.159
<v Speaker 28>if I'm going to I didn't.

1648
01:25:59.199 --> 01:26:01.399
<v Speaker 3>Now I'm away with it. Design. You know, we're with

1649
01:26:01.479 --> 01:26:04.359
<v Speaker 3>the US passport and you know I am.

1650
01:26:04.720 --> 01:26:08.560
<v Speaker 27>You know I am not in Nigeria now, I'm in Agilia,

1651
01:26:08.720 --> 01:26:12.760
<v Speaker 27>but officially as I want, especially with this idea of

1652
01:26:13.560 --> 01:26:15.439
<v Speaker 27>declay your money whatever, whatever, I want to.

1653
01:26:15.520 --> 01:26:18.680
<v Speaker 3>Come as an autist and and go.

1654
01:26:19.960 --> 01:26:21.640
<v Speaker 2>Hopefully at some point we.

1655
01:26:21.880 --> 01:26:23.479
<v Speaker 3>Start getting to work together.

1656
01:26:24.000 --> 01:26:26.000
<v Speaker 14>But for now I'm just.

1657
01:26:26.199 --> 01:26:29.079
<v Speaker 27>Looking at them. They then't do what they are doing.

1658
01:26:30.159 --> 01:26:33.800
<v Speaker 27>When Nia decides to work, we will all play fast back.

1659
01:26:34.520 --> 01:26:36.760
<v Speaker 2>All I would say, sir. I mean I can argue

1660
01:26:36.760 --> 01:26:37.079
<v Speaker 2>with you all.

1661
01:26:37.159 --> 01:26:40.560
<v Speaker 1>I I don't forget to do your socials even though

1662
01:26:40.560 --> 01:26:44.319
<v Speaker 1>if you're if you just don't don't abandon those guys

1663
01:26:44.359 --> 01:26:44.680
<v Speaker 1>as well.

1664
01:26:44.720 --> 01:26:46.199
<v Speaker 2>I'm just saying that one.

1665
01:26:46.520 --> 01:26:48.079
<v Speaker 3>As I'm talking to you, I'm using the house in

1666
01:26:48.119 --> 01:26:51.000
<v Speaker 3>my village. So I'm doing I'm doing my thing. I do.

1667
01:26:51.279 --> 01:26:54.920
<v Speaker 3>I do Christmas for I do Christmas plieative every year.

1668
01:26:55.119 --> 01:26:58.000
<v Speaker 3>We're getting ready. So we used to give everybody one

1669
01:26:58.039 --> 01:27:00.600
<v Speaker 3>bag of flaes. Can you imagine now you're calling for that?

1670
01:27:01.199 --> 01:27:03.880
<v Speaker 27>You know we used to my whole Kindred, all the

1671
01:27:03.960 --> 01:27:07.239
<v Speaker 27>women and my Kingdred I used to do one bag

1672
01:27:07.319 --> 01:27:10.600
<v Speaker 27>of prize sometimes that aunt fifty Now you know, how

1673
01:27:10.680 --> 01:27:12.319
<v Speaker 27>can you buy a fifty back of rice.

1674
01:27:12.279 --> 01:27:13.560
<v Speaker 3>This time around? You know?

1675
01:27:14.399 --> 01:27:20.119
<v Speaker 9>But it is what it is you and you are.

1676
01:27:20.199 --> 01:27:22.880
<v Speaker 1>You are saying this because you love Nigeria. You wouldn't

1677
01:27:22.880 --> 01:27:24.960
<v Speaker 1>come up and I'm talking if you don't care. So

1678
01:27:25.119 --> 01:27:27.319
<v Speaker 1>you are saying because many people are like you. Many

1679
01:27:27.359 --> 01:27:29.359
<v Speaker 1>people want to invest in the country and they are

1680
01:27:29.399 --> 01:27:30.680
<v Speaker 1>they don't like what they're seeing.

1681
01:27:30.880 --> 01:27:31.279
<v Speaker 2>You can't.

1682
01:27:31.800 --> 01:27:33.520
<v Speaker 1>This law is too sweeping and not a long The

1683
01:27:33.600 --> 01:27:35.920
<v Speaker 1>law pers Like I said, it's not the first time

1684
01:27:36.000 --> 01:27:36.960
<v Speaker 1>this law has been passed.

1685
01:27:37.000 --> 01:27:38.000
<v Speaker 2>South Korea pasted it.

1686
01:27:38.279 --> 01:27:41.359
<v Speaker 1>If you're concert giving amnesty, even the US to give

1687
01:27:41.560 --> 01:27:42.439
<v Speaker 1>tax amnesty.

1688
01:27:42.880 --> 01:27:48.079
<v Speaker 2>But this law is seeing Trump anybody, Yeah, yeah, yeah, yeah,

1689
01:27:48.119 --> 01:27:48.520
<v Speaker 2>it wasn't.

1690
01:27:49.600 --> 01:27:53.000
<v Speaker 3>It wasn't done as if it Trump made it. Deal

1691
01:27:53.479 --> 01:27:57.920
<v Speaker 3>with Apple and all these corporation that I say, bring it.

1692
01:27:58.039 --> 01:27:58.880
<v Speaker 2>We're going to give you the.

1693
01:27:59.319 --> 01:28:03.840
<v Speaker 1>Past break Apple, Apple return billions back to the tax.

1694
01:28:07.039 --> 01:28:10.520
<v Speaker 2>So I mean just putting voluntears. It means voluntary, but talk.

1695
01:28:10.800 --> 01:28:11.600
<v Speaker 2>We appreciate you.

1696
01:28:12.359 --> 01:28:12.680
<v Speaker 3>Hang on.

1697
01:28:12.800 --> 01:28:14.840
<v Speaker 1>Nigeria is going to be better place. Don't hang in

1698
01:28:14.880 --> 01:28:17.319
<v Speaker 1>thest Let me get a little bit.

1699
01:28:18.800 --> 01:28:19.479
<v Speaker 2>And me you joined it.

1700
01:28:19.600 --> 01:28:21.680
<v Speaker 1>But we're talking about this is if you about fifteen

1701
01:28:22.760 --> 01:28:26.560
<v Speaker 1>saying as a voluntary remediance disclosure.

1702
01:28:26.119 --> 01:28:29.000
<v Speaker 2>And remittance of funds by Nigeria's it's not exception.

1703
01:28:29.560 --> 01:28:34.159
<v Speaker 1>Nigeria's means Nigeans in America and diaspora, people like Sha

1704
01:28:34.600 --> 01:28:38.479
<v Speaker 1>do and yourself, you should disclose and remit funds from

1705
01:28:38.520 --> 01:28:40.119
<v Speaker 1>your foreign accounts to the Nigerman banks.

1706
01:28:40.119 --> 01:28:41.039
<v Speaker 2>What's your take? A little bit.

1707
01:28:42.960 --> 01:28:45.039
<v Speaker 3>Came for my accounts to like young.

1708
01:28:46.239 --> 01:28:49.840
<v Speaker 2>You see that it's right there right there's the order

1709
01:28:50.079 --> 01:28:50.840
<v Speaker 2>section one.

1710
01:28:51.600 --> 01:28:54.920
<v Speaker 1>The first one one C one C and I quote

1711
01:28:55.079 --> 01:29:04.439
<v Speaker 1>repatriation repatriation of disclosed internationally treatable foreign currency held in

1712
01:29:04.720 --> 01:29:09.760
<v Speaker 1>cash or retained indentally from true approved channels.

1713
01:29:10.119 --> 01:29:10.439
<v Speaker 2>That's not.

1714
01:29:11.920 --> 01:29:17.319
<v Speaker 3>I think that is excessive. I think it's unapplicable. I think.

1715
01:29:18.680 --> 01:29:24.000
<v Speaker 12>I think it's does highlight the problem about this present administration.

1716
01:29:24.199 --> 01:29:27.119
<v Speaker 12>I got most of the points, but to honest with you,

1717
01:29:27.760 --> 01:29:29.560
<v Speaker 12>I did not see that closed as I.

1718
01:29:29.600 --> 01:29:31.680
<v Speaker 3>Was really shocked when you spoke about it.

1719
01:29:32.920 --> 01:29:37.479
<v Speaker 12>You know, can The major problem is the nagerial effects

1720
01:29:37.560 --> 01:29:42.079
<v Speaker 12>market is mike revenue, but it's in capacity. Is at

1721
01:29:42.079 --> 01:29:47.439
<v Speaker 12>the lowest level ever recorded in modern history. And if

1722
01:29:47.520 --> 01:29:50.199
<v Speaker 12>you look at the whole remaions, it's not getting better,

1723
01:29:50.479 --> 01:29:50.720
<v Speaker 12>if not.

1724
01:29:50.880 --> 01:29:51.399
<v Speaker 3>The fact that.

1725
01:29:53.239 --> 01:29:56.800
<v Speaker 12>For an exchange all this this is about what's it

1726
01:29:57.680 --> 01:30:01.199
<v Speaker 12>test too much? I but if you look at the

1727
01:30:01.319 --> 01:30:04.880
<v Speaker 12>net based on deep Mogan, it's going to be simple

1728
01:30:04.960 --> 01:30:08.640
<v Speaker 12>tickey because like you, has a lot of commitments.

1729
01:30:09.000 --> 01:30:12.119
<v Speaker 3>I do forget that we also have ever the same

1730
01:30:12.239 --> 01:30:18.359
<v Speaker 3>publication which takes the course of defense, education, agriculture and

1731
01:30:18.520 --> 01:30:22.600
<v Speaker 3>all together. So probably I think the government is the

1732
01:30:22.720 --> 01:30:30.239
<v Speaker 3>separate but haunting your citizens are broad. It's not applicable.

1733
01:30:30.680 --> 01:30:34.039
<v Speaker 3>Now I'll tell you what the Swiss and the Americans

1734
01:30:34.119 --> 01:30:37.079
<v Speaker 3>were able to do, because I noticed that European banks

1735
01:30:37.119 --> 01:30:37.960
<v Speaker 3>as planning.

1736
01:30:37.720 --> 01:30:40.800
<v Speaker 12>Brands to the land you can, they don't like to

1737
01:30:40.880 --> 01:30:44.279
<v Speaker 12>open banks for American citizens. And the reason is because

1738
01:30:45.039 --> 01:30:51.399
<v Speaker 12>Americans they are tax compliunds and the way they get information.

1739
01:30:51.520 --> 01:30:55.680
<v Speaker 12>You know, Americans are the big tax wherever they are,

1740
01:30:56.000 --> 01:30:58.920
<v Speaker 12>regardless of where where you're working, so if you're.

1741
01:30:58.760 --> 01:31:02.000
<v Speaker 3>In France and America, you're going to pay attacks. So

1742
01:31:03.000 --> 01:31:04.039
<v Speaker 3>these banks are careful.

1743
01:31:04.439 --> 01:31:06.520
<v Speaker 12>So what this is going to mean is that.

1744
01:31:08.319 --> 01:31:11.279
<v Speaker 3>The fact that it won't be the Niger you have

1745
01:31:11.399 --> 01:31:16.239
<v Speaker 3>to go through and I supposed is to open about

1746
01:31:16.520 --> 01:31:22.439
<v Speaker 3>now with that diective by banks might be beat skeptical,

1747
01:31:22.560 --> 01:31:26.199
<v Speaker 3>so net positive. Then also you.

1748
01:31:26.239 --> 01:31:30.960
<v Speaker 12>Are pushing your You're pushing nagers that don't even have

1749
01:31:31.199 --> 01:31:36.720
<v Speaker 12>double nationality or don't want to discound their nationality to

1750
01:31:36.840 --> 01:31:40.079
<v Speaker 12>the extreme, because what it means is that those that

1751
01:31:40.279 --> 01:31:46.920
<v Speaker 12>defaults get penalty or no incentive for not obeying.

1752
01:31:48.039 --> 01:31:50.880
<v Speaker 3>I think they are better ways they can do distance.

1753
01:31:51.479 --> 01:31:54.239
<v Speaker 3>I don't see it's okay because there's no.

1754
01:31:54.439 --> 01:32:01.479
<v Speaker 12>There is no how them national system can capture exchange exposure.

1755
01:32:01.560 --> 01:32:02.359
<v Speaker 3>Jay Nagier.

1756
01:32:03.039 --> 01:32:08.119
<v Speaker 2>Yeah, yeah, they're correct, and not just their saying is voluntary.

1757
01:32:08.239 --> 01:32:10.359
<v Speaker 2>But if it's voluntarily, why are you're putting it in.

1758
01:32:12.800 --> 01:32:16.079
<v Speaker 7>Voluntary? If it's voluntarial, then it should not.

1759
01:32:16.600 --> 01:32:17.920
<v Speaker 12>It should be an incentive.

1760
01:32:17.960 --> 01:32:19.159
<v Speaker 2>So let me give it exactly.

1761
01:32:20.600 --> 01:32:23.159
<v Speaker 3>Let me get example, so Diffrench for example, they know

1762
01:32:23.359 --> 01:32:24.319
<v Speaker 3>that a.

1763
01:32:24.399 --> 01:32:28.119
<v Speaker 12>Lot of people don't want to pay facts.

1764
01:32:28.840 --> 01:32:33.159
<v Speaker 3>People going to pay facts. But when you find your bassing, you.

1765
01:32:33.279 --> 01:32:38.119
<v Speaker 12>Get incentives, you get certain things, you get outed, you.

1766
01:32:38.239 --> 01:32:40.600
<v Speaker 3>Get half for welfare.

1767
01:32:43.600 --> 01:32:44.439
<v Speaker 10>Put that contract.

1768
01:32:46.039 --> 01:32:48.479
<v Speaker 3>There's a social contract between the citizens and the government.

1769
01:32:48.920 --> 01:32:52.039
<v Speaker 3>What the problem is is that there's no social contract

1770
01:32:52.039 --> 01:32:53.479
<v Speaker 3>between the citizens and the government.

1771
01:32:53.840 --> 01:32:57.920
<v Speaker 12>The trust is an old and I think the president

1772
01:32:58.039 --> 01:33:00.159
<v Speaker 12>and the economity have forgot that.

1773
01:33:00.520 --> 01:33:04.119
<v Speaker 3>You see one of the university of cozy Well is

1774
01:33:04.199 --> 01:33:08.279
<v Speaker 3>not because a person or incompetent or a professional where

1775
01:33:08.319 --> 01:33:12.640
<v Speaker 3>it is know she had the ability to understand that

1776
01:33:12.840 --> 01:33:17.079
<v Speaker 3>you have to build a contrast trust contract between the

1777
01:33:17.239 --> 01:33:21.600
<v Speaker 3>ProPolice and the people you are governing because the law

1778
01:33:21.720 --> 01:33:24.159
<v Speaker 3>itself is not owpful. What the government is trying to

1779
01:33:24.239 --> 01:33:27.079
<v Speaker 3>do is encourage that you have to bring involves but

1780
01:33:27.199 --> 01:33:27.920
<v Speaker 3>you don't put in.

1781
01:33:30.359 --> 01:33:36.760
<v Speaker 12>What people out like every right sense business committee who

1782
01:33:36.960 --> 01:33:40.640
<v Speaker 12>do in each country, is that you speak to your businesses.

1783
01:33:41.159 --> 01:33:44.359
<v Speaker 12>Look at money Point for example. Money Point has data

1784
01:33:44.840 --> 01:33:48.640
<v Speaker 12>on high network businesses.

1785
01:33:48.199 --> 01:33:53.119
<v Speaker 3>And yours Piggy Best Banks having from how do you

1786
01:33:53.319 --> 01:33:54.960
<v Speaker 3>see how do you think we.

1787
01:33:55.079 --> 01:33:59.199
<v Speaker 12>Can really encourage that you have to bring in for thedaspora,

1788
01:34:00.199 --> 01:34:05.399
<v Speaker 12>bringing these laws that will just create drama troding encourage

1789
01:34:05.479 --> 01:34:09.640
<v Speaker 12>because can you see you don't species hundreds a couple

1790
01:34:09.680 --> 01:34:13.840
<v Speaker 12>of times and you're spoken that until oil production gets

1791
01:34:13.880 --> 01:34:17.880
<v Speaker 12>to at least to the non virals, city and physical

1792
01:34:18.039 --> 01:34:24.039
<v Speaker 12>spending because which the new minimum wage and the fact

1793
01:34:24.079 --> 01:34:28.399
<v Speaker 12>that the governments can not even bunce is twenty four

1794
01:34:28.840 --> 01:34:31.960
<v Speaker 12>and there was you that the series.

1795
01:34:32.039 --> 01:34:35.760
<v Speaker 3>That's why I'm looking at it as I'm the.

1796
01:34:35.760 --> 01:34:41.720
<v Speaker 12>Surprised didcause that's biscoing because calub the way genera is

1797
01:34:41.880 --> 01:34:43.039
<v Speaker 12>under pressure right now.

1798
01:34:43.800 --> 01:34:45.560
<v Speaker 7>I'm not looking at the president. I'm looking at the.

1799
01:34:45.600 --> 01:34:48.920
<v Speaker 12>Future because to the from strategy, if you look at

1800
01:34:49.039 --> 01:34:51.880
<v Speaker 12>next year, if you look at the way they're company

1801
01:34:52.000 --> 01:34:52.640
<v Speaker 12>is moving.

1802
01:34:52.960 --> 01:34:57.520
<v Speaker 3>The lookers are becoming very conductive. And you know that

1803
01:34:58.000 --> 01:35:00.159
<v Speaker 3>to the Trump is not open.

1804
01:35:00.199 --> 01:35:02.920
<v Speaker 28>For all that you are as not.

1805
01:35:03.039 --> 01:35:08.920
<v Speaker 3>Seed that you is exposed to to put oncessity. The

1806
01:35:09.079 --> 01:35:17.039
<v Speaker 3>population is largely hungry aggressive. How do you think this

1807
01:35:17.239 --> 01:35:20.880
<v Speaker 3>polic So I think it's just like you said. I

1808
01:35:20.920 --> 01:35:24.039
<v Speaker 3>think it's going to be King's dead or river because

1809
01:35:24.119 --> 01:35:26.439
<v Speaker 3>man agurance and you'll see.

1810
01:35:26.319 --> 01:35:26.800
<v Speaker 5>How you can.

1811
01:35:27.279 --> 01:35:33.359
<v Speaker 3>Yeah, I hear you catulated.

1812
01:35:33.840 --> 01:35:34.760
<v Speaker 2>You know where Nigerians.

1813
01:35:34.840 --> 01:35:37.399
<v Speaker 1>So if this order was passed in America, I wouldn't

1814
01:35:37.399 --> 01:35:38.880
<v Speaker 1>have wake up because I know I need to be

1815
01:35:39.000 --> 01:35:41.960
<v Speaker 1>killed tomorrow a c LU or one of the Republicans

1816
01:35:42.399 --> 01:35:43.640
<v Speaker 1>or somebody will just kill it tomorrow.

1817
01:35:43.760 --> 01:35:44.479
<v Speaker 2>ISS dead.

1818
01:35:45.119 --> 01:35:48.960
<v Speaker 1>But this is Nigeria. This whole idea of voluntary is

1819
01:35:49.159 --> 01:35:51.720
<v Speaker 1>just the small screen. We know where this is good.

1820
01:35:51.840 --> 01:35:55.039
<v Speaker 2>That's why they are still on this space. We know

1821
01:35:55.319 --> 01:35:56.840
<v Speaker 2>where this is going to.

1822
01:35:58.640 --> 01:36:00.840
<v Speaker 1>Because where it's going to that there's going to be

1823
01:36:01.239 --> 01:36:04.399
<v Speaker 1>if you you cannot hold dollar cash now you're in

1824
01:36:04.479 --> 01:36:06.439
<v Speaker 1>the past, you could not hold dollar fell I was

1825
01:36:06.560 --> 01:36:10.439
<v Speaker 1>arrested for having foreign currency and beating going back.

1826
01:36:10.319 --> 01:36:14.319
<v Speaker 12>To Yeah, because it's not even that's not even probably because.

1827
01:36:14.239 --> 01:36:19.039
<v Speaker 3>Okay, let me give you in from your countries. The

1828
01:36:19.479 --> 01:36:21.000
<v Speaker 3>discourage you in cash.

1829
01:36:21.239 --> 01:36:25.760
<v Speaker 1>So for example, that's friend, but that's different cash cash

1830
01:36:25.800 --> 01:36:28.640
<v Speaker 1>that's college in America? Is there they disco They discourage you,

1831
01:36:28.720 --> 01:36:31.199
<v Speaker 1>but if you hold it is not illegal. They are

1832
01:36:31.279 --> 01:36:32.399
<v Speaker 1>incentivizing you.

1833
01:36:32.600 --> 01:36:34.840
<v Speaker 2>Not cash I'm going to do.

1834
01:36:35.199 --> 01:36:35.960
<v Speaker 3>I didn't what did you do?

1835
01:36:36.239 --> 01:36:39.000
<v Speaker 12>Like what I'm saying is that Ranam saying is cleaninough

1836
01:36:39.039 --> 01:36:40.680
<v Speaker 12>for you to do that cash because I know what

1837
01:36:40.760 --> 01:36:43.279
<v Speaker 12>they're going to They're trying to block the.

1838
01:36:46.000 --> 01:36:49.920
<v Speaker 3>Market, that black market. Yes, we can't reside.

1839
01:36:49.520 --> 01:36:53.119
<v Speaker 12>For example, so if I frans far one on your room,

1840
01:36:55.159 --> 01:36:57.359
<v Speaker 12>my bound to your bank, the good chat.

1841
01:36:57.760 --> 01:37:01.960
<v Speaker 3>If I collect cash from your cal to the busy penalty,

1842
01:37:03.119 --> 01:37:05.600
<v Speaker 3>So these are things that they can't do. So I

1843
01:37:05.640 --> 01:37:06.560
<v Speaker 3>don't know why we.

1844
01:37:06.520 --> 01:37:11.680
<v Speaker 12>Should always go to canalizing the lections that way.

1845
01:37:12.159 --> 01:37:19.000
<v Speaker 3>I haven't have a question for yes, okay, so I chinked.

1846
01:37:19.279 --> 01:37:22.079
<v Speaker 3>I'm not asking you because you are the president of Nangaia.

1847
01:37:24.760 --> 01:37:26.760
<v Speaker 3>I say that from two.

1848
01:37:26.680 --> 01:37:34.560
<v Speaker 27>Thousands to plants and your administration, Jim average oy I

1849
01:37:34.680 --> 01:37:37.000
<v Speaker 27>sport was two point two million per viarrel.

1850
01:37:37.920 --> 01:37:43.319
<v Speaker 3>Now this was inspite men and the neither theater hostil is.

1851
01:37:44.159 --> 01:37:46.960
<v Speaker 27>So I'm sure we'll all remember how how difficult it

1852
01:37:47.119 --> 01:37:48.199
<v Speaker 27>work work.

1853
01:37:49.399 --> 01:37:53.319
<v Speaker 3>I'm nested right, So this this is like two thousand

1854
01:37:53.439 --> 01:37:57.079
<v Speaker 3>to that. Now almost twenty.

1855
01:37:56.880 --> 01:38:02.119
<v Speaker 29>Years later, I cannot even do one point five. What

1856
01:38:02.760 --> 01:38:08.479
<v Speaker 29>what do you think is the frost?

1857
01:38:09.159 --> 01:38:14.479
<v Speaker 3>I think I know, I don't Stories really loves the

1858
01:38:14.560 --> 01:38:17.680
<v Speaker 3>cur stories that can not and O interms is not

1859
01:38:18.159 --> 01:38:24.159
<v Speaker 3>micro organism. They're not that spogi this desire. Don't buy

1860
01:38:24.359 --> 01:38:24.920
<v Speaker 3>lad kill.

1861
01:38:25.600 --> 01:38:30.159
<v Speaker 12>It's just like, for example, saying that they're just going

1862
01:38:30.279 --> 01:38:33.479
<v Speaker 12>of his and the US Navy can't capture.

1863
01:38:33.640 --> 01:38:37.560
<v Speaker 3>Notice that, and it's just advancement to country in tety However,

1864
01:38:38.199 --> 01:38:42.119
<v Speaker 3>you see, however the country has to be we have

1865
01:38:42.279 --> 01:38:45.840
<v Speaker 3>to be honest with That's why the place, because they

1866
01:38:45.840 --> 01:38:50.319
<v Speaker 3>don't know how dri is a mono economy.

1867
01:38:51.000 --> 01:38:54.279
<v Speaker 12>Let's place the fact even our banks, our banks are

1868
01:38:54.600 --> 01:38:57.640
<v Speaker 12>just making money from account imperfect and they are treasure

1869
01:38:57.680 --> 01:38:59.760
<v Speaker 12>for they're not really getting money from the reset.

1870
01:39:00.000 --> 01:39:02.319
<v Speaker 3>That's why I say people spoke with that back they

1871
01:39:02.359 --> 01:39:08.000
<v Speaker 3>are themselves. So the problem is that our institutions are

1872
01:39:08.279 --> 01:39:12.039
<v Speaker 3>more supported the all industry and investments in the industry

1873
01:39:12.680 --> 01:39:16.960
<v Speaker 3>as being depleted for a couple of years. So until

1874
01:39:17.079 --> 01:39:21.039
<v Speaker 3>we get back to that. If you look at the

1875
01:39:21.119 --> 01:39:23.960
<v Speaker 3>later data, I think it's about one point. I don't

1876
01:39:24.000 --> 01:39:24.920
<v Speaker 3>see it was getting to you.

1877
01:39:25.079 --> 01:39:28.000
<v Speaker 12>Because I had the former empty set that say that

1878
01:39:28.399 --> 01:39:32.039
<v Speaker 12>if you want to get into your bus the day,

1879
01:39:32.199 --> 01:39:35.000
<v Speaker 12>you must investative beyond that where it's like you're looking

1880
01:39:35.000 --> 01:39:38.399
<v Speaker 12>to that money very all the money with since president

1881
01:39:38.960 --> 01:39:40.880
<v Speaker 12>has been dragged out, I don't think it has got

1882
01:39:41.000 --> 01:39:44.199
<v Speaker 12>into so you want to do threty concept.

1883
01:39:44.439 --> 01:39:46.119
<v Speaker 7>So I think the master will get on.

1884
01:39:46.199 --> 01:39:51.279
<v Speaker 3>The first step is one point better, so that's still fortune.

1885
01:39:52.279 --> 01:39:56.079
<v Speaker 2>Look to go for that. Let understand dog to go

1886
01:39:56.199 --> 01:39:56.399
<v Speaker 2>for that.

1887
01:39:56.600 --> 01:40:01.399
<v Speaker 3>Sorry responded, let me understand. We me putting billion and

1888
01:40:01.760 --> 01:40:02.640
<v Speaker 3>our apples.

1889
01:40:02.840 --> 01:40:05.239
<v Speaker 27>You know what is when we're doing to come to

1890
01:40:05.640 --> 01:40:08.439
<v Speaker 27>a million degrees, do that investment too.

1891
01:40:08.920 --> 01:40:15.000
<v Speaker 3>I pass that these IOSes come and you know, test

1892
01:40:15.159 --> 01:40:19.119
<v Speaker 3>this area for all l and then spend their own

1893
01:40:19.199 --> 01:40:22.920
<v Speaker 3>money to exploit it. What you know. So I'm not

1894
01:40:23.039 --> 01:40:23.720
<v Speaker 3>I'm not too.

1895
01:40:25.359 --> 01:40:31.119
<v Speaker 28>I'm not more but on the A and yeah I thought,

1896
01:40:32.159 --> 01:40:34.279
<v Speaker 28>but I know that there is more countries that just

1897
01:40:34.640 --> 01:40:36.399
<v Speaker 28>like just pumping with.

1898
01:40:38.479 --> 01:40:44.600
<v Speaker 12>Lets all males are investing from the contes industry because

1899
01:40:44.640 --> 01:40:49.720
<v Speaker 12>of pollution, the politics, your style in concert.

1900
01:40:50.159 --> 01:40:53.399
<v Speaker 3>Look at when old into the pip at that time.

1901
01:40:54.319 --> 01:40:56.720
<v Speaker 3>You see at that time than were more pooken down

1902
01:40:56.840 --> 01:40:59.840
<v Speaker 3>to let me Episode two put putting break style.

1903
01:41:00.159 --> 01:41:03.840
<v Speaker 12>He suicide. So if you go to your self, if

1904
01:41:03.840 --> 01:41:06.880
<v Speaker 12>you don't take the right medication, it gets to the

1905
01:41:06.960 --> 01:41:10.760
<v Speaker 12>point the body collapse and the cost is why he's heavy.

1906
01:41:11.199 --> 01:41:13.479
<v Speaker 12>So you see why those guys tell you that this

1907
01:41:13.600 --> 01:41:17.199
<v Speaker 12>is what we need now, it's not that. It's a

1908
01:41:17.319 --> 01:41:21.680
<v Speaker 12>compilation of the declared in that set. And finally, if

1909
01:41:21.720 --> 01:41:24.319
<v Speaker 12>you look at the stock market for example, if you

1910
01:41:24.359 --> 01:41:27.680
<v Speaker 12>look at the stock market for example, it oriagely tells

1911
01:41:27.840 --> 01:41:30.359
<v Speaker 12>you how bad they always set is.

1912
01:41:30.479 --> 01:41:33.680
<v Speaker 3>So my brother, I tell you, we don't need to

1913
01:41:33.720 --> 01:41:37.279
<v Speaker 3>go back and forth. But now you have to get

1914
01:41:37.359 --> 01:41:37.840
<v Speaker 3>this right.

1915
01:41:38.520 --> 01:41:40.000
<v Speaker 12>He had to start.

1916
01:41:41.439 --> 01:41:42.319
<v Speaker 3>His expenses.

1917
01:41:42.640 --> 01:41:48.199
<v Speaker 12>We can all support the present policical system and the

1918
01:41:48.359 --> 01:41:50.039
<v Speaker 12>type of fiscal.

1919
01:41:49.760 --> 01:41:53.159
<v Speaker 3>Spending recovered is a dec to semple.

1920
01:41:53.880 --> 01:41:57.920
<v Speaker 12>When we start that, then the painful form because.

1921
01:41:58.000 --> 01:42:00.520
<v Speaker 3>We have to accept that in a.

1922
01:42:00.640 --> 01:42:05.000
<v Speaker 12>Toll look at what America is talking about cutting explaensis

1923
01:42:05.640 --> 01:42:08.880
<v Speaker 12>and America is a country that there are tax revenues

1924
01:42:09.079 --> 01:42:09.760
<v Speaker 12>that makes at.

1925
01:42:09.680 --> 01:42:12.720
<v Speaker 28>This five because I say, yeah, I said the continent

1926
01:42:13.560 --> 01:42:14.439
<v Speaker 28>say that brook.

1927
01:42:14.680 --> 01:42:19.119
<v Speaker 3>Nigeria cannot make five bigger. However, as and if you

1928
01:42:19.199 --> 01:42:23.439
<v Speaker 3>look at that is the high clerating machine in Nigeria,

1929
01:42:25.079 --> 01:42:29.720
<v Speaker 3>in Nigeria because every country that is the highest revenue,

1930
01:42:29.800 --> 01:42:32.159
<v Speaker 3>so you know, then there are other columns of people.

1931
01:42:32.439 --> 01:42:34.319
<v Speaker 3>He writes that the Nigeria.

1932
01:42:34.000 --> 01:42:41.159
<v Speaker 12>And colon is facing and all realistic fiscal team that

1933
01:42:41.399 --> 01:42:44.760
<v Speaker 12>thinks that we can only get through out of the

1934
01:42:44.800 --> 01:42:47.960
<v Speaker 12>stroke by depth. The dept we look at the almost

1935
01:42:47.960 --> 01:42:51.640
<v Speaker 12>come to whether to be for what's level sic for

1936
01:42:51.760 --> 01:42:54.640
<v Speaker 12>what I look at work back complaining.

1937
01:42:54.439 --> 01:42:57.279
<v Speaker 3>That there was a shortfall of TST in what that project.

1938
01:42:57.680 --> 01:43:00.560
<v Speaker 3>We all know all this corruption, all do you say?

1939
01:43:01.119 --> 01:43:04.119
<v Speaker 12>But the problem that I've said is that Nigeria don't

1940
01:43:04.199 --> 01:43:07.640
<v Speaker 12>close the system. Because we've seen this, we've seen an

1941
01:43:07.680 --> 01:43:09.159
<v Speaker 12>accountable problem.

1942
01:43:09.600 --> 01:43:14.600
<v Speaker 3>We've also still the fact that the people, the people

1943
01:43:14.720 --> 01:43:18.239
<v Speaker 3>that can do the are often not that. So that's

1944
01:43:18.520 --> 01:43:20.119
<v Speaker 3>one of the problems you keep facing.

1945
01:43:20.199 --> 01:43:24.000
<v Speaker 12>So I think the dollar things like this dollar that

1946
01:43:24.359 --> 01:43:25.000
<v Speaker 12>I don't think.

1947
01:43:24.880 --> 01:43:27.880
<v Speaker 3>It's that people that'snest. It's not it's not it's not fast.

1948
01:43:28.680 --> 01:43:28.880
<v Speaker 7>Don't know.

1949
01:43:29.359 --> 01:43:31.039
<v Speaker 3>Maybe color as a plan, but I don't think.

1950
01:43:31.079 --> 01:43:34.319
<v Speaker 12>I don't see how government who calgo for example, is

1951
01:43:34.600 --> 01:43:38.399
<v Speaker 12>a down miles number of banks, number of banks he uses,

1952
01:43:39.199 --> 01:43:42.439
<v Speaker 12>and we have three managers like that in France, U key,

1953
01:43:43.199 --> 01:43:45.479
<v Speaker 12>different countries. Are you going to them if we say

1954
01:43:45.479 --> 01:43:50.239
<v Speaker 12>it's beeple lunch and you said if voluntary the way,

1955
01:43:50.560 --> 01:43:52.920
<v Speaker 12>there's no incentive for them to want to build their

1956
01:43:52.960 --> 01:43:55.359
<v Speaker 12>money because just like somebody.

1957
01:43:55.119 --> 01:43:58.319
<v Speaker 3>Comparable charges, anytime I lied to all change on my card,

1958
01:43:58.760 --> 01:44:02.239
<v Speaker 3>I am charged about that? Is that is so I

1959
01:44:02.359 --> 01:44:05.600
<v Speaker 3>was trying to infect that sometimes I do, like I

1960
01:44:06.079 --> 01:44:09.239
<v Speaker 3>use my dollar car for just eating in the restaurant

1961
01:44:09.279 --> 01:44:12.079
<v Speaker 3>for six seven times. That's about fifteen dollars.

1962
01:44:12.439 --> 01:44:15.479
<v Speaker 12>It's much bipper than my French the last child that

1963
01:44:16.319 --> 01:44:18.840
<v Speaker 12>was it want so you can see it's even more

1964
01:44:18.880 --> 01:44:22.720
<v Speaker 12>explosive for me to put my daughter in the Nigerian

1965
01:44:22.840 --> 01:44:25.640
<v Speaker 12>back than when I'm using the car. So government house,

1966
01:44:25.760 --> 01:44:29.000
<v Speaker 12>can you give the goverment twoky if you keep a

1967
01:44:29.159 --> 01:44:29.880
<v Speaker 12>social amount of.

1968
01:44:29.880 --> 01:44:32.000
<v Speaker 3>The money, like the three thousand dollars your bank account,

1969
01:44:32.359 --> 01:44:36.880
<v Speaker 3>you get three press Okay, that's a lot of them. Okay,

1970
01:44:36.920 --> 01:44:38.279
<v Speaker 3>I cannot consider okay yet.

1971
01:44:38.439 --> 01:44:42.079
<v Speaker 12>Okay even when the charges I can get it, or

1972
01:44:42.119 --> 01:44:44.359
<v Speaker 12>there's no primal I'm getting so that I.

1973
01:44:44.359 --> 01:44:46.359
<v Speaker 3>Don't see it. I don't come to the rest to

1974
01:44:46.640 --> 01:44:48.640
<v Speaker 3>maybe about yeah.

1975
01:44:49.159 --> 01:44:52.600
<v Speaker 1>I mean dog, you know when in nineteens, now we

1976
01:44:52.760 --> 01:44:55.680
<v Speaker 1>move back to democracy, Passengjoy came with a lot of

1977
01:44:55.760 --> 01:44:58.079
<v Speaker 1>policy changes, a lot and one of the.

1978
01:44:58.159 --> 01:45:01.399
<v Speaker 2>Possig is then that was passed by one. Lookman was

1979
01:45:01.479 --> 01:45:02.760
<v Speaker 2>this patron industry.

1980
01:45:03.039 --> 01:45:06.399
<v Speaker 1>Back then, there was a lot of money coming to

1981
01:45:06.560 --> 01:45:08.960
<v Speaker 1>Nigeria to invest in the oil gas.

1982
01:45:09.600 --> 01:45:11.600
<v Speaker 2>We are able to move we paid for our debt.

1983
01:45:12.079 --> 01:45:14.560
<v Speaker 1>We're able to move oil output to two point two

1984
01:45:14.640 --> 01:45:17.039
<v Speaker 1>about two point twenty five or sub umbrels per day.

1985
01:45:17.399 --> 01:45:19.760
<v Speaker 1>People who are investing because the laws then was really

1986
01:45:19.880 --> 01:45:22.439
<v Speaker 1>that we're going to pass PIB or we're going to

1987
01:45:22.760 --> 01:45:24.880
<v Speaker 1>try to investment. You don't wonder what's going to Nigeria.

1988
01:45:25.680 --> 01:45:29.840
<v Speaker 1>Things tard to happen. PIB entered voicemail. Then we had

1989
01:45:30.000 --> 01:45:33.920
<v Speaker 1>we went back into the morasses of the United People,

1990
01:45:34.039 --> 01:45:37.079
<v Speaker 1>came Avenger as men. All those guys came, blew up

1991
01:45:37.119 --> 01:45:38.199
<v Speaker 1>stuff and they.

1992
01:45:38.159 --> 01:45:39.119
<v Speaker 2>Haven't been replaced.

1993
01:45:40.119 --> 01:45:43.960
<v Speaker 1>From If you plot the oil GDB nig year, it's

1994
01:45:44.000 --> 01:45:47.119
<v Speaker 1>been negative for a long while. As a matter of fact,

1995
01:45:47.159 --> 01:45:48.920
<v Speaker 1>one of the things that Tinabo has done that you

1996
01:45:49.000 --> 01:45:51.840
<v Speaker 1>can say has done well for niger year on that table,

1997
01:45:52.239 --> 01:45:56.920
<v Speaker 1>the contribution of oil GDP to Nigeria has actually gone positive.

1998
01:45:57.720 --> 01:45:58.840
<v Speaker 3>I think all true.

1999
01:45:58.760 --> 01:46:02.680
<v Speaker 1>Hart was negative. So Nigeria was the contrult of crude

2000
01:46:02.760 --> 01:46:07.039
<v Speaker 1>oil to economy was negative. I think either not throughout

2001
01:46:07.520 --> 01:46:10.399
<v Speaker 1>or a large part of barriers administration. But no Madia

2002
01:46:10.479 --> 01:46:14.000
<v Speaker 1>now positive. So we've had no investments in the oil

2003
01:46:14.039 --> 01:46:16.560
<v Speaker 1>and gas sector. You know, remember this guy was saying

2004
01:46:16.560 --> 01:46:19.279
<v Speaker 1>the former Minister of the Chilium from Exone and man

2005
01:46:19.359 --> 01:46:21.520
<v Speaker 1>what the guy the guy that came from exot He

2006
01:46:21.720 --> 01:46:24.760
<v Speaker 1>was saying that we lost some billions, some crazy amounts

2007
01:46:24.760 --> 01:46:27.920
<v Speaker 1>of billions because the past PID. So all those rigs,

2008
01:46:28.079 --> 01:46:30.600
<v Speaker 1>if you haven't rigged in Nigeria, you just can't move

2009
01:46:30.600 --> 01:46:32.800
<v Speaker 1>it from Nigeria to that country. If that rig has

2010
01:46:32.840 --> 01:46:35.239
<v Speaker 1>come to Nigera for a job and Noja we moves

2011
01:46:35.279 --> 01:46:37.359
<v Speaker 1>the way to bring that rig back, there has to

2012
01:46:37.399 --> 01:46:40.239
<v Speaker 1>be an investmentation made at the highest quoters in Exon

2013
01:46:40.319 --> 01:46:42.880
<v Speaker 1>or Chevron to say we're going to invest in Nigeria,

2014
01:46:42.960 --> 01:46:45.359
<v Speaker 1>so we're going to then deploy these rigs and people.

2015
01:46:45.760 --> 01:46:49.119
<v Speaker 1>But what has been in this situation The oil Mejias

2016
01:46:49.119 --> 01:46:52.560
<v Speaker 1>are living on shore Nigeria. That's investments living. So if

2017
01:46:52.600 --> 01:46:55.039
<v Speaker 1>you're living on shore Nigeria and there's this huge field

2018
01:46:55.079 --> 01:46:58.640
<v Speaker 1>in Guyana, huge, there's a huge built in Mozambique, why

2019
01:46:58.640 --> 01:47:01.159
<v Speaker 1>are you risking yourself in that we're gonna go together

2020
01:47:01.720 --> 01:47:05.319
<v Speaker 1>and get oil. It is just near the US. Saudi

2021
01:47:05.479 --> 01:47:08.800
<v Speaker 1>is pumping out oil. They've got tankers waiting at the

2022
01:47:08.880 --> 01:47:12.159
<v Speaker 1>show for you to buy from. Sali's are buying the

2023
01:47:12.279 --> 01:47:15.600
<v Speaker 1>fields in the US as well retail fields. So NAJA

2024
01:47:15.720 --> 01:47:20.439
<v Speaker 1>has not invested in our reserves because when invested, outputs

2025
01:47:20.479 --> 01:47:21.119
<v Speaker 1>can all rise.

2026
01:47:21.840 --> 01:47:25.000
<v Speaker 2>So this the right were went from one point five

2027
01:47:25.039 --> 01:47:25.880
<v Speaker 2>to one point.

2028
01:47:25.720 --> 01:47:29.560
<v Speaker 1>It is just to unlock what we shut down ourselves

2029
01:47:30.359 --> 01:47:31.800
<v Speaker 1>because of the oil TAFN.

2030
01:47:31.960 --> 01:47:33.359
<v Speaker 2>You just shut down pipes.

2031
01:47:33.920 --> 01:47:37.479
<v Speaker 1>So we went from say one point nine to nearly

2032
01:47:37.600 --> 01:47:40.439
<v Speaker 1>seven hundred because we shut it down ourselves and they

2033
01:47:40.520 --> 01:47:44.239
<v Speaker 1>mister said seven hundred thousand bucks. But they was shut down,

2034
01:47:44.319 --> 01:47:46.199
<v Speaker 1>not like it was doing the worldst pipe was shot.

2035
01:47:46.920 --> 01:47:49.439
<v Speaker 1>What they are doing now is there allowing oil to

2036
01:47:49.520 --> 01:47:52.720
<v Speaker 1>then flu again. So when I want to recoup what

2037
01:47:52.880 --> 01:47:56.560
<v Speaker 1>we had before they were stealing, there's thisting able. Listening

2038
01:47:56.640 --> 01:47:59.720
<v Speaker 1>a bit where we hit the brick wall is where

2039
01:47:59.760 --> 01:48:02.760
<v Speaker 1>we have now reopened all those pipes that we shot

2040
01:48:02.840 --> 01:48:05.560
<v Speaker 1>that because of oil tifts all. When we open all

2041
01:48:05.600 --> 01:48:09.880
<v Speaker 1>those pipes, we cannot get new supply. That was the

2042
01:48:09.960 --> 01:48:13.239
<v Speaker 1>last time we heard about a huge oil fight in Nigeria,

2043
01:48:13.720 --> 01:48:16.439
<v Speaker 1>apart from not the oil fight but the investment after

2044
01:48:16.560 --> 01:48:20.600
<v Speaker 1>again the massive one was it? Which are the oil

2045
01:48:20.920 --> 01:48:23.520
<v Speaker 1>we heard Nigeria has found in Nigeria again, which I

2046
01:48:23.560 --> 01:48:25.439
<v Speaker 1>want to have you heard? And if you don't find,

2047
01:48:25.479 --> 01:48:27.840
<v Speaker 1>if you have reserves, you don't develop them. It's oil

2048
01:48:27.880 --> 01:48:29.880
<v Speaker 1>in the ground. You can't take bucket and a fetch them.

2049
01:48:30.199 --> 01:48:32.880
<v Speaker 1>So in fact, we have reserves for no investment to

2050
01:48:32.920 --> 01:48:36.399
<v Speaker 1>bring them out their shill. Trump is back, so they're

2051
01:48:36.439 --> 01:48:39.000
<v Speaker 1>gonna go to the Pederson business in Texas and do shill.

2052
01:48:39.199 --> 01:48:41.119
<v Speaker 1>They're gonna go to Guyana, They're gonna go to all

2053
01:48:41.119 --> 01:48:44.680
<v Speaker 1>this corners allowing them to do thus drilling. And I'm

2054
01:48:44.720 --> 01:48:48.319
<v Speaker 1>not Nigeria where we're taxing them. They cannot work on

2055
01:48:48.560 --> 01:48:52.119
<v Speaker 1>shore because it's not safe. So it's that whole thing

2056
01:48:52.279 --> 01:48:55.199
<v Speaker 1>of Nigeria is not really settled for business. That's just

2057
01:48:55.359 --> 01:48:58.680
<v Speaker 1>the sad called irony. If you don't get your oil

2058
01:48:58.760 --> 01:49:02.319
<v Speaker 1>output to tulas, but you're wasting your time with dollar

2059
01:49:02.840 --> 01:49:05.439
<v Speaker 1>nira being strugs, I don't go anywhere. We've got to

2060
01:49:05.520 --> 01:49:08.760
<v Speaker 1>get oil at least two million barrels. Then non oil

2061
01:49:08.880 --> 01:49:12.319
<v Speaker 1>can then support remediance. This can of course be supporting.

2062
01:49:12.439 --> 01:49:15.399
<v Speaker 1>But with this policy you are trying to say its voluntary.

2063
01:49:15.520 --> 01:49:20.039
<v Speaker 1>You are scaring people away. Everyone saying this is complaining.

2064
01:49:20.840 --> 01:49:23.000
<v Speaker 1>Before I did this, this nor has been out since

2065
01:49:23.119 --> 01:49:24.199
<v Speaker 1>I didn't bring this up.

2066
01:49:24.279 --> 01:49:27.039
<v Speaker 2>I asked questions. They will tell you, oh, it's voluntari.

2067
01:49:27.920 --> 01:49:28.560
<v Speaker 3>No Nigeria.

2068
01:49:28.640 --> 01:49:31.399
<v Speaker 1>You can't bring out something like this and say we

2069
01:49:31.680 --> 01:49:35.039
<v Speaker 1>just ignore this an ego who were titeing a politician.

2070
01:49:35.800 --> 01:49:36.920
<v Speaker 2>It doesn't work that way.

2071
01:49:37.399 --> 01:49:40.520
<v Speaker 1>This is interpreted as if you are putting your eyes

2072
01:49:40.720 --> 01:49:44.520
<v Speaker 1>on them account. You're already saying holding dollar is illegal.

2073
01:49:45.560 --> 01:49:49.119
<v Speaker 1>It's not the right way to Maybe the idea is sound,

2074
01:49:49.800 --> 01:49:53.640
<v Speaker 1>but they haven't complicated it properly and that's what they

2075
01:49:53.640 --> 01:49:55.600
<v Speaker 1>are getting in terms of feedback. And I hope they're

2076
01:49:55.640 --> 01:49:58.920
<v Speaker 1>taking feedback. If you say we're attacking the government, okay,

2077
01:49:59.279 --> 01:50:01.920
<v Speaker 1>the next thing, and someone's always saying we're going to

2078
01:50:01.920 --> 01:50:04.359
<v Speaker 1>bring money back to night about this policy, that's what

2079
01:50:04.479 --> 01:50:06.640
<v Speaker 1>you're gonna get. And many people are gonna say the

2080
01:50:06.680 --> 01:50:08.720
<v Speaker 1>same thing but will note it on Twitter. They're just

2081
01:50:08.840 --> 01:50:11.840
<v Speaker 1>quite a good pool back. So you've got to communicate

2082
01:50:12.199 --> 01:50:15.560
<v Speaker 1>properly to Nigerias. You can't say Nigeria take your money

2083
01:50:15.600 --> 01:50:17.960
<v Speaker 1>in America bringing nijeram back.

2084
01:50:18.119 --> 01:50:21.600
<v Speaker 2>Oh it's volunchly, don't worry. Who are you talking to?

2085
01:50:22.039 --> 01:50:23.079
<v Speaker 2>But voluntarily?

2086
01:50:23.199 --> 01:50:23.439
<v Speaker 3>Really?

2087
01:50:24.239 --> 01:50:27.439
<v Speaker 2>Come on, man, let's get hey, hey, why.

2088
01:50:29.000 --> 01:50:31.119
<v Speaker 3>Yeah, thank you for believing everybody, how are you doing?

2089
01:50:32.279 --> 01:50:32.520
<v Speaker 3>Thank you?

2090
01:50:32.880 --> 01:50:39.000
<v Speaker 23>Thanks for the same beautiful topic and beliveful and looking

2091
01:50:39.039 --> 01:50:43.319
<v Speaker 23>at this direction, you know, like you like when I said,

2092
01:50:43.359 --> 01:50:44.600
<v Speaker 23>I think you make.

2093
01:50:44.520 --> 01:50:47.199
<v Speaker 3>It very wrong, like the odes to so on.

2094
01:50:47.319 --> 01:50:51.640
<v Speaker 23>Some in the office design the policy. The only look

2095
01:50:51.680 --> 01:50:54.760
<v Speaker 23>into the full details and those straight out of a

2096
01:50:54.800 --> 01:50:56.920
<v Speaker 23>lot of times they will love for the polic before

2097
01:50:56.960 --> 01:50:57.800
<v Speaker 23>they not begin to be.

2098
01:50:58.079 --> 01:51:02.199
<v Speaker 3>Justice policy and see how they can't fit into the society.

2099
01:51:03.560 --> 01:51:07.479
<v Speaker 23>But I think there's just this documentary there's not so

2100
01:51:07.600 --> 01:51:11.800
<v Speaker 23>hialt enough to also give it full detail of the policy.

2101
01:51:11.920 --> 01:51:12.680
<v Speaker 3>Trying to drive out.

2102
01:51:13.159 --> 01:51:16.079
<v Speaker 23>I think there should be more robust so that we

2103
01:51:16.119 --> 01:51:18.560
<v Speaker 23>can actually study in details to know what's really the

2104
01:51:18.640 --> 01:51:19.319
<v Speaker 23>world to achieve.

2105
01:51:19.800 --> 01:51:23.159
<v Speaker 3>However, I also know that like my some of my

2106
01:51:23.319 --> 01:51:24.720
<v Speaker 3>business and people.

2107
01:51:24.479 --> 01:51:27.760
<v Speaker 23>That I do, because I realized that in like in India,

2108
01:51:28.600 --> 01:51:31.079
<v Speaker 23>once you pee them, I paid them, maybe I give

2109
01:51:31.119 --> 01:51:34.239
<v Speaker 23>them cash shouting and I give them cash. People US,

2110
01:51:34.279 --> 01:51:36.399
<v Speaker 23>they don't like to pull it cash and collect it dollers.

2111
01:51:36.439 --> 01:51:39.560
<v Speaker 23>They have to register it, so you have to sign something.

2112
01:51:39.359 --> 01:51:43.800
<v Speaker 3>There in the office. So they told me that it's

2113
01:51:43.920 --> 01:51:44.680
<v Speaker 3>illegal for them.

2114
01:51:45.279 --> 01:51:48.359
<v Speaker 23>Anybody can do put it DOMA accounting in the business,

2115
01:51:49.159 --> 01:51:51.880
<v Speaker 23>like you just have DOMA accounts India.

2116
01:51:52.159 --> 01:51:55.520
<v Speaker 3>The CP that opens them accounts for them. You know.

2117
01:51:55.600 --> 01:51:58.000
<v Speaker 3>So if you're not doing business, I don't need anything

2118
01:51:58.079 --> 01:51:59.760
<v Speaker 3>to do with for X.

2119
01:52:00.159 --> 01:52:02.159
<v Speaker 23>You know, it's not you don't have the right to

2120
01:52:02.279 --> 01:52:05.520
<v Speaker 23>keep holding dollars or foreign currency.

2121
01:52:06.520 --> 01:52:08.920
<v Speaker 3>And I also think that that should be the way

2122
01:52:08.960 --> 01:52:09.920
<v Speaker 3>to go because.

2123
01:52:13.159 --> 01:52:20.439
<v Speaker 12>In Nigeria, here our our our FOREIGX, it's our foreign

2124
01:52:20.560 --> 01:52:21.600
<v Speaker 12>policy is very loose.

2125
01:52:22.439 --> 01:52:25.239
<v Speaker 23>That's why even governors will get action and converted to

2126
01:52:25.880 --> 01:52:26.600
<v Speaker 23>a foreign courses.

2127
01:52:26.640 --> 01:52:28.600
<v Speaker 3>I think that's very very raw and that's very criminal.

2128
01:52:29.840 --> 01:52:35.520
<v Speaker 3>So so the goo is. I think it's not really

2129
01:52:35.520 --> 01:52:38.560
<v Speaker 3>a bad thing for good because if you're doing business

2130
01:52:39.279 --> 01:52:41.960
<v Speaker 3>and I also get it's the other nine nagers of

2131
01:52:42.000 --> 01:52:42.640
<v Speaker 3>the business.

2132
01:52:42.359 --> 01:52:45.840
<v Speaker 23>People in Nigeria and WA think if you look at

2133
01:52:45.880 --> 01:52:48.680
<v Speaker 23>this in Nigeria that are non Nigerians maybe foreigners a Nigeria.

2134
01:52:49.039 --> 01:52:52.800
<v Speaker 3>The remitia money is to outside countries. And that's why

2135
01:52:52.880 --> 01:52:53.239
<v Speaker 3>a little of.

2136
01:52:53.439 --> 01:52:57.000
<v Speaker 23>You realize that it's this the further governments discipient is

2137
01:52:57.079 --> 01:52:59.000
<v Speaker 23>final difficult to remit.

2138
01:52:58.760 --> 01:53:01.000
<v Speaker 3>All the money is back to where they come from.

2139
01:53:01.359 --> 01:53:03.399
<v Speaker 7>And look that comes from the Ninjuria here.

2140
01:53:03.479 --> 01:53:06.600
<v Speaker 3>They don't keep all their money in Nigeria. Here booth

2141
01:53:06.640 --> 01:53:08.439
<v Speaker 3>of their money goes back to the country to come from.

2142
01:53:08.960 --> 01:53:12.279
<v Speaker 3>So if you look at it from from you know,

2143
01:53:12.760 --> 01:53:15.239
<v Speaker 3>it's not really bad in the sense of badness in

2144
01:53:15.319 --> 01:53:18.760
<v Speaker 3>that sense for people to you know, for government to

2145
01:53:18.840 --> 01:53:22.920
<v Speaker 3>have some level of I also control, but some male

2146
01:53:22.960 --> 01:53:27.399
<v Speaker 3>of activity around what to go and outside Annginuria. But

2147
01:53:27.439 --> 01:53:29.520
<v Speaker 3>I was thinking, you know, it's not like if when

2148
01:53:29.600 --> 01:53:30.079
<v Speaker 3>will come.

2149
01:53:30.079 --> 01:53:33.960
<v Speaker 23>To thea to do business, so the country supports them,

2150
01:53:34.560 --> 01:53:36.680
<v Speaker 23>it gets probably gets some fast from the bank in

2151
01:53:36.760 --> 01:53:40.439
<v Speaker 23>India or China or the government is funding some of

2152
01:53:40.600 --> 01:53:42.840
<v Speaker 23>some businesses so they have to try.

2153
01:53:42.960 --> 01:53:47.279
<v Speaker 3>To be if it checks through all the process of

2154
01:53:47.560 --> 01:53:49.680
<v Speaker 3>how to do so. From me, I think we still

2155
01:53:49.760 --> 01:53:52.880
<v Speaker 3>need to we need some more clarity of this policy.

2156
01:53:53.520 --> 01:53:54.039
<v Speaker 3>I think.

2157
01:53:55.640 --> 01:53:57.600
<v Speaker 1>What was said, I mean I told this is the

2158
01:53:57.640 --> 01:54:01.479
<v Speaker 1>point again making this policy is to pages they eat

2159
01:54:01.600 --> 01:54:05.159
<v Speaker 1>or is three pages they secondize about four pages for soon,

2160
01:54:05.439 --> 01:54:06.239
<v Speaker 1>so monumental.

2161
01:54:06.399 --> 01:54:06.640
<v Speaker 3>Again.

2162
01:54:06.800 --> 01:54:10.520
<v Speaker 1>You talk about India, the way we're set up in

2163
01:54:10.640 --> 01:54:12.960
<v Speaker 1>Nigeria and the way the Indians are set up, it's very,

2164
01:54:13.039 --> 01:54:17.920
<v Speaker 1>very different. India has always pursued this local manufacturing. They

2165
01:54:17.960 --> 01:54:21.359
<v Speaker 1>don't do import. Their cars are made in India. Everything

2166
01:54:21.399 --> 01:54:24.039
<v Speaker 1>about them is they want to do everything local, local, local,

2167
01:54:24.159 --> 01:54:27.479
<v Speaker 1>India in their local. Nigeria is an import quote unquote

2168
01:54:27.560 --> 01:54:31.159
<v Speaker 1>import dependent nation. If we don't import PMS or food

2169
01:54:31.239 --> 01:54:34.239
<v Speaker 1>will staff and we can't go anywhere. The problem the

2170
01:54:34.279 --> 01:54:37.239
<v Speaker 1>government has is that when they try to control for X,

2171
01:54:37.560 --> 01:54:40.359
<v Speaker 1>it runs away. Anything you try to control as the

2172
01:54:40.359 --> 01:54:43.079
<v Speaker 1>government will run away. So the government has wise they said,

2173
01:54:43.520 --> 01:54:46.039
<v Speaker 1>let us allow for X to come in, then we'll

2174
01:54:46.079 --> 01:54:49.000
<v Speaker 1>get access to it. That's what they've done in the

2175
01:54:49.119 --> 01:54:53.039
<v Speaker 1>past was cutting down trees to fight dollar.

2176
01:54:53.760 --> 01:54:54.720
<v Speaker 2>I'm not giving you.

2177
01:54:54.960 --> 01:54:57.199
<v Speaker 1>I'm not giving you a real example of Mephile was

2178
01:54:57.279 --> 01:54:59.680
<v Speaker 1>going to a butcher to cut down tree so that

2179
01:54:59.800 --> 01:55:02.399
<v Speaker 1>they you guys, againd dollar will not have shed to

2180
01:55:02.520 --> 01:55:04.920
<v Speaker 1>exchange dollar so you can may go up in valley

2181
01:55:05.159 --> 01:55:08.479
<v Speaker 1>who was wasting his time. They tried everything, they band

2182
01:55:08.520 --> 01:55:12.159
<v Speaker 1>and booky effects the vacuus binance. The issue is that

2183
01:55:12.520 --> 01:55:16.439
<v Speaker 1>because we need so much dollars, you can't Mandy. You

2184
01:55:16.520 --> 01:55:19.399
<v Speaker 1>have very careful that if you try to hold dollars

2185
01:55:19.520 --> 01:55:22.439
<v Speaker 1>hostage into go away. So what they've done and has

2186
01:55:22.479 --> 01:55:24.920
<v Speaker 1>been working for them is they've allowed people to bring

2187
01:55:24.960 --> 01:55:26.520
<v Speaker 1>the donors in because if you bring the light in,

2188
01:55:26.640 --> 01:55:29.520
<v Speaker 1>you can't spend all a Nigeria. If you take five dollars,

2189
01:55:29.560 --> 01:55:31.319
<v Speaker 1>you can't do the much. Putter and say, hey mar

2190
01:55:31.439 --> 01:55:34.159
<v Speaker 1>put take five dollars, give me rise and give me

2191
01:55:34.239 --> 01:55:36.720
<v Speaker 1>that a change. Many fires people will take a dollar

2192
01:55:36.800 --> 01:55:39.520
<v Speaker 1>from you, very very few dollar is people who use

2193
01:55:39.560 --> 01:55:41.359
<v Speaker 1>dona to hold their.

2194
01:55:41.479 --> 01:55:42.359
<v Speaker 2>Money from inflation.

2195
01:55:42.760 --> 01:55:45.399
<v Speaker 1>But nobody I'm not goody rich people are going to

2196
01:55:45.840 --> 01:55:48.560
<v Speaker 1>write a house in Lety for a dollar at the

2197
01:55:48.880 --> 01:55:53.399
<v Speaker 1>very bottom of the ladder. Do you pay for avocada

2198
01:55:53.520 --> 01:55:55.880
<v Speaker 1>in dollar? Do you buy your your bookers food?

2199
01:55:55.920 --> 01:55:56.279
<v Speaker 3>And dollar?

2200
01:55:56.560 --> 01:55:57.399
<v Speaker 2>You want school fees?

2201
01:55:57.479 --> 01:55:59.520
<v Speaker 1>You go to school and say hey, take I'm not

2202
01:55:59.720 --> 01:56:03.279
<v Speaker 1>your reach like your school. You're school in Abia. In

2203
01:56:03.399 --> 01:56:07.399
<v Speaker 1>your in you can't spend dollar there. You still need naira.

2204
01:56:07.960 --> 01:56:10.800
<v Speaker 1>What people want is a real value.

2205
01:56:10.520 --> 01:56:12.880
<v Speaker 2>Of their nira. They don't need a dollar. The black

2206
01:56:12.960 --> 01:56:15.520
<v Speaker 2>calls in and they can achuse you at the naira price.

2207
01:56:15.640 --> 01:56:16.319
<v Speaker 2>They are fine.

2208
01:56:17.079 --> 01:56:19.760
<v Speaker 1>But they now start to hold dollars today because in

2209
01:56:19.960 --> 01:56:23.880
<v Speaker 1>fish is about two point three percent every month. So

2210
01:56:24.039 --> 01:56:28.359
<v Speaker 1>they hold dollar, it holds their value more than if

2211
01:56:28.399 --> 01:56:29.640
<v Speaker 1>they hold naira.

2212
01:56:29.760 --> 01:56:33.399
<v Speaker 2>That's really why India one Nigeria one.

2213
01:56:33.439 --> 01:56:37.399
<v Speaker 1>That's what's a bit similar different. But also this policy

2214
01:56:37.479 --> 01:56:39.399
<v Speaker 1>now it's not a bad policy. I don't think it's

2215
01:56:39.399 --> 01:56:39.960
<v Speaker 1>a bad policy.

2216
01:56:39.960 --> 01:56:43.319
<v Speaker 2>Will say, if you've stolen money or you want to

2217
01:56:43.439 --> 01:56:44.479
<v Speaker 2>remit money's Nigeria.

2218
01:56:44.600 --> 01:56:48.199
<v Speaker 1>Normally you do it terrorism. Where do they get money from?

2219
01:56:48.239 --> 01:56:51.000
<v Speaker 1>They're saying bring the money in. We're not asking a question.

2220
01:56:51.239 --> 01:56:54.079
<v Speaker 1>That is fantastic, but don't write something that saves that

2221
01:56:54.319 --> 01:56:59.279
<v Speaker 1>all Nigerians holding dollar are liable of being an accused

2222
01:56:59.319 --> 01:56:59.960
<v Speaker 1>of continue crime.

2223
01:57:00.560 --> 01:57:02.439
<v Speaker 2>And then it's ver very clumsy.

2224
01:57:02.159 --> 01:57:05.039
<v Speaker 1>To say just take your money and remit to Nigeria.

2225
01:57:05.079 --> 01:57:08.000
<v Speaker 1>It's very clumsy and Luna was shot and I've already

2226
01:57:08.039 --> 01:57:10.960
<v Speaker 1>recorded that. For you guys, reputation of this bos what

2227
01:57:11.119 --> 01:57:15.640
<v Speaker 1>are you repatrating? What are you repatrating? You just had

2228
01:57:15.800 --> 01:57:19.520
<v Speaker 1>a dollar bond that was subscribed massively.

2229
01:57:19.640 --> 01:57:20.359
<v Speaker 3>Why not do that?

2230
01:57:20.920 --> 01:57:23.399
<v Speaker 1>Why not say we're not gonna pay nine percent, We're

2231
01:57:23.399 --> 01:57:26.720
<v Speaker 1>gonna pay one percent. So if you want to send

2232
01:57:26.760 --> 01:57:30.640
<v Speaker 1>money voluntarily, send money voluntially and end one percent. So

2233
01:57:30.880 --> 01:57:33.720
<v Speaker 1>as a patriotic Nigerian, I will do it the same way.

2234
01:57:33.760 --> 01:57:37.680
<v Speaker 1>You are doing the same policy. Do the bond impact

2235
01:57:37.840 --> 01:57:40.920
<v Speaker 1>bond one percent. It's the exact same thing. Why they

2236
01:57:41.039 --> 01:57:41.399
<v Speaker 1>write this.

2237
01:57:41.560 --> 01:57:44.319
<v Speaker 2>Policy which is not become suspicious does it?

2238
01:57:44.520 --> 01:57:45.840
<v Speaker 3>Mas are not dumb.

2239
01:57:45.960 --> 01:57:49.439
<v Speaker 2>We know how governments does this deal. We're not stupid.

2240
01:57:49.520 --> 01:57:53.079
<v Speaker 1>We know that when you write an EO that says

2241
01:57:53.159 --> 01:57:56.279
<v Speaker 1>this and you tag voluntarily tomorrow somebody who say, and

2242
01:57:56.479 --> 01:57:57.880
<v Speaker 1>you are back America.

2243
01:57:57.640 --> 01:58:00.119
<v Speaker 2>Okay, iving disposed it, Okay, you are liable. We know

2244
01:58:00.199 --> 01:58:00.600
<v Speaker 2>this state that.

2245
01:58:00.680 --> 01:58:02.359
<v Speaker 10>That's why we're all, I.

2246
01:58:02.359 --> 01:58:05.000
<v Speaker 1>Would say a bit worried about it. I want the

2247
01:58:05.119 --> 01:58:08.439
<v Speaker 1>government to rewrite this. I don't think it's a bad policy.

2248
01:58:08.560 --> 01:58:09.119
<v Speaker 2>Rewrite it.

2249
01:58:09.239 --> 01:58:12.840
<v Speaker 1>Be very specific who you are targeting, be very specifical

2250
01:58:12.920 --> 01:58:16.399
<v Speaker 1>what you want out of this if it's voluntially, make

2251
01:58:16.520 --> 01:58:17.000
<v Speaker 1>it clear.

2252
01:58:17.279 --> 01:58:19.439
<v Speaker 2>If you do this, you get this say it is

2253
01:58:19.560 --> 01:58:22.840
<v Speaker 2>not applying to any Nigerian how to do this voluntially

2254
01:58:23.159 --> 01:58:25.560
<v Speaker 2>if you have in that what will be doing on

2255
01:58:25.600 --> 01:58:27.359
<v Speaker 2>the space today we want to do anything.

2256
01:58:30.680 --> 01:58:34.800
<v Speaker 3>I would't look at the fact that people or how

2257
01:58:34.880 --> 01:58:35.439
<v Speaker 3>to show.

2258
01:58:35.239 --> 01:58:39.840
<v Speaker 19>Your statesment for living, security, social and things like that.

2259
01:58:41.359 --> 01:58:48.720
<v Speaker 3>It's not I think because like like you said, even

2260
01:58:48.760 --> 01:58:51.479
<v Speaker 3>if they are suspective of people, I think those guys

2261
01:58:51.520 --> 01:58:55.359
<v Speaker 3>are very stificated. You don't want to know. I think

2262
01:58:55.600 --> 01:58:56.640
<v Speaker 3>what the comments to do.

2263
01:58:57.039 --> 01:58:59.920
<v Speaker 12>And that's why I said that really needs to be

2264
01:59:01.119 --> 01:59:04.680
<v Speaker 12>and the CBS got the this policy where you're taking for.

2265
01:59:04.760 --> 01:59:09.439
<v Speaker 3>The societies, you need to be very specific for you

2266
01:59:09.600 --> 01:59:11.600
<v Speaker 3>that I get it, and I do think that I

2267
01:59:11.720 --> 01:59:15.359
<v Speaker 3>get in professionals they age do you know?

2268
01:59:15.800 --> 01:59:16.359
<v Speaker 26>But how do you know?

2269
01:59:16.880 --> 01:59:17.279
<v Speaker 2>How do you know?

2270
01:59:18.079 --> 01:59:18.520
<v Speaker 19>How do you know?

2271
01:59:18.880 --> 01:59:21.199
<v Speaker 2>Because really it's no smoke with that fire.

2272
01:59:22.439 --> 01:59:26.640
<v Speaker 1>People are because they've got that, they've they've got that

2273
01:59:26.760 --> 01:59:30.119
<v Speaker 1>P two P, they've got black market, so there's.

2274
01:59:29.960 --> 01:59:31.000
<v Speaker 10>No smoke with that fire.

2275
01:59:32.039 --> 01:59:35.000
<v Speaker 12>Worst thing is that they do not force the major

2276
01:59:35.199 --> 01:59:40.680
<v Speaker 12>problem allocation because see I said it, if we can.

2277
01:59:42.079 --> 01:59:44.800
<v Speaker 3>The liquidity in our system account.

2278
01:59:45.239 --> 01:59:49.199
<v Speaker 12>All this casey the best that it's not in ours

2279
01:59:49.319 --> 01:59:53.399
<v Speaker 12>will not be would be quite unnecessary because see look

2280
01:59:53.439 --> 01:59:55.399
<v Speaker 12>at the local into black markets.

2281
01:59:55.840 --> 01:59:57.800
<v Speaker 3>They not influence in the black market.

2282
01:59:57.920 --> 02:00:01.840
<v Speaker 12>Again, of every anytime for conuncations be here.

2283
02:00:02.479 --> 02:00:06.279
<v Speaker 3>It tells you that the physical system is compable.

2284
02:00:06.880 --> 02:00:09.720
<v Speaker 12>So even if Nigeria decides to click in all the doors,

2285
02:00:10.000 --> 02:00:12.319
<v Speaker 12>let us similar that you have people decide to loo keep.

2286
02:00:12.920 --> 02:00:13.399
<v Speaker 3>There will be.

2287
02:00:14.000 --> 02:00:17.199
<v Speaker 12>Yes, there will be liquidity, but it will be temporary

2288
02:00:17.880 --> 02:00:22.520
<v Speaker 12>because those positioners will suck it out. And that's why

2289
02:00:22.560 --> 02:00:25.920
<v Speaker 12>I said that I'm so happy that recipient if are

2290
02:00:26.000 --> 02:00:27.279
<v Speaker 12>they to measure it?

2291
02:00:27.800 --> 02:00:30.199
<v Speaker 3>But the problem is that it can only measure it.

2292
02:00:30.600 --> 02:00:33.520
<v Speaker 3>We expect the president and this econmomity to.

2293
02:00:33.880 --> 02:00:37.680
<v Speaker 12>Measures where are all the cartaier wach is coming from

2294
02:00:37.760 --> 02:00:42.119
<v Speaker 12>car Where are all these expensive moolits coming from we

2295
02:00:42.439 --> 02:00:46.119
<v Speaker 12>have paid responding there to the fact that they have

2296
02:00:46.199 --> 02:00:49.439
<v Speaker 12>a danger when he keeps dollar is a crime when the.

2297
02:00:49.479 --> 02:00:52.439
<v Speaker 3>Petitioners whos dollar? You know?

2298
02:00:53.039 --> 02:00:56.039
<v Speaker 12>And that is why I was so upset when petitioners

2299
02:00:56.079 --> 02:00:57.840
<v Speaker 12>are using the dollar.

2300
02:00:58.640 --> 02:01:01.000
<v Speaker 3>As a form of compatible through the parties.

2301
02:01:01.119 --> 02:01:05.199
<v Speaker 12>It was opposie party, but I was used to So

2302
02:01:05.680 --> 02:01:07.239
<v Speaker 12>how do you win the trust.

2303
02:01:07.520 --> 02:01:11.600
<v Speaker 3>But it's not about it's not about that as graphs yet.

2304
02:01:11.880 --> 02:01:14.119
<v Speaker 12>The program is that you're going to come back itself

2305
02:01:14.359 --> 02:01:15.039
<v Speaker 12>as a lot.

2306
02:01:15.039 --> 02:01:16.399
<v Speaker 3>Of what we do with this stem.

2307
02:01:18.199 --> 02:01:21.039
<v Speaker 1>People don't trust that people. I mean, it's right here,

2308
02:01:21.239 --> 02:01:22.239
<v Speaker 1>it says voluntary.

2309
02:01:22.319 --> 02:01:23.960
<v Speaker 2>I see it right here. Let me even read this.

2310
02:01:24.640 --> 02:01:27.000
<v Speaker 2>Let me there's no voluntary on the title.

2311
02:01:27.119 --> 02:01:33.800
<v Speaker 1>The title says disclosure depositing, repatriation and investment of eligible

2312
02:01:34.039 --> 02:01:37.800
<v Speaker 1>foreign exchange assets and manners. So why does lager coming

2313
02:01:37.880 --> 02:01:41.520
<v Speaker 1>Let me see where voluntary comes in? Voluntary comes in

2314
02:01:42.319 --> 02:01:45.680
<v Speaker 1>on the evil itself alive. There's no voluntary on the title.

2315
02:01:46.920 --> 02:01:49.680
<v Speaker 1>I'm just looking for where voluntary comes in.

2316
02:01:50.159 --> 02:01:51.079
<v Speaker 2>First of all.

2317
02:01:53.159 --> 02:01:57.439
<v Speaker 1>Ah, so you see currencyto disclosure, so you see the

2318
02:01:59.319 --> 02:02:02.039
<v Speaker 1>more one it comes in at the number one point.

2319
02:02:02.159 --> 02:02:04.600
<v Speaker 1>But the title itself does not have voluntary. But when

2320
02:02:04.640 --> 02:02:09.199
<v Speaker 1>it're now going now say be established foreign courentry volunchary disclosure.

2321
02:02:09.279 --> 02:02:12.439
<v Speaker 2>So they put volunchary in the text headline.

2322
02:02:13.920 --> 02:02:25.560
<v Speaker 12>Look at do you think many of the accounts think, yes, there's.

2323
02:02:25.399 --> 02:02:28.840
<v Speaker 1>So much problems as the question before them actually going,

2324
02:02:28.920 --> 02:02:31.000
<v Speaker 1>But when they would saying in the thing that has

2325
02:02:31.119 --> 02:02:35.039
<v Speaker 1>raised billions as Series A, Series B, I asked that question,

2326
02:02:35.399 --> 02:02:40.840
<v Speaker 1>is the money on Nigeria, It's in okay, in the US.

2327
02:02:40.880 --> 02:02:43.920
<v Speaker 2>So it's now that thing. It's not gonna Will they voluntary?

2328
02:02:44.000 --> 02:02:45.840
<v Speaker 2>So again let's go forward.

2329
02:02:46.159 --> 02:02:50.039
<v Speaker 1>If by October nineteenth nobody voluntarily declares, will they will

2330
02:02:50.039 --> 02:02:53.359
<v Speaker 1>they now say, okay, we tried, there was no voluntary disclosure,

2331
02:02:53.439 --> 02:02:57.359
<v Speaker 1>will close the secular and the the evil down is

2332
02:02:57.399 --> 02:02:59.199
<v Speaker 1>that what will happen is that what people believe that

2333
02:02:59.359 --> 02:03:03.520
<v Speaker 1>by generally generated nineteen they were now sail Okay, we've

2334
02:03:03.640 --> 02:03:03.960
<v Speaker 1>tried it.

2335
02:03:04.199 --> 02:03:07.920
<v Speaker 2>It didn't work. Well, let's move on. You know it's

2336
02:03:07.920 --> 02:03:08.880
<v Speaker 2>not going to happen like that.

2337
02:03:09.079 --> 02:03:09.239
<v Speaker 3>Now.

2338
02:03:09.359 --> 02:03:13.239
<v Speaker 12>You guys know that y're trying to be maybe they're

2339
02:03:13.279 --> 02:03:16.920
<v Speaker 12>trying to be how they have and they're trying to

2340
02:03:17.079 --> 02:03:20.279
<v Speaker 12>see you. They're trying to do I think that we

2341
02:03:20.399 --> 02:03:25.800
<v Speaker 12>want to do any capacity of ucause.

2342
02:03:24.840 --> 02:03:28.199
<v Speaker 1>They know that they can well I hear you are limited,

2343
02:03:28.319 --> 02:03:30.600
<v Speaker 1>but they get them from CBN.

2344
02:03:30.920 --> 02:03:33.479
<v Speaker 2>They also get the p to pms from CB They

2345
02:03:33.560 --> 02:03:35.920
<v Speaker 2>know they have an idea, so they know that.

2346
02:03:37.000 --> 02:03:46.279
<v Speaker 1>Because would you would you use this to would you

2347
02:03:46.399 --> 02:03:49.159
<v Speaker 1>use a voluntree disclosure to the timing word not what?

2348
02:03:49.920 --> 02:03:52.039
<v Speaker 2>And is that how you would go about to just

2349
02:03:52.159 --> 02:03:54.800
<v Speaker 2>say I mean all these words and say it remits

2350
02:03:54.960 --> 02:03:56.199
<v Speaker 2>like the example I'm giving.

2351
02:03:56.039 --> 02:03:58.680
<v Speaker 1>Shady, I do according to the law, shut, I do

2352
02:03:58.800 --> 02:04:00.920
<v Speaker 1>my be that might be in con traditional the law

2353
02:04:01.239 --> 02:04:04.680
<v Speaker 1>should they do? Because what this is written this crazy

2354
02:04:04.760 --> 02:04:08.359
<v Speaker 1>doesn't make any sense. She's like Jimian, She's that's.

2355
02:04:10.840 --> 02:04:13.880
<v Speaker 3>It wanted the information. They will tax you.

2356
02:04:14.720 --> 02:04:17.359
<v Speaker 2>It's a slip, they will tax you.

2357
02:04:17.720 --> 02:04:20.960
<v Speaker 12>So come back to the point the way they're trying

2358
02:04:21.000 --> 02:04:23.079
<v Speaker 12>to get so then it does get on with and

2359
02:04:23.159 --> 02:04:24.199
<v Speaker 12>these you know what they're.

2360
02:04:24.000 --> 02:04:24.399
<v Speaker 10>Trying to do.

2361
02:04:26.279 --> 02:04:33.119
<v Speaker 3>About for example and langs and abroad.

2362
02:04:33.960 --> 02:04:36.640
<v Speaker 2>It's not taxed, right, true?

2363
02:04:37.960 --> 02:04:38.960
<v Speaker 3>So is that America?

2364
02:04:39.239 --> 02:04:43.399
<v Speaker 1>That's so you're said that they want to know. If

2365
02:04:43.479 --> 02:04:46.000
<v Speaker 1>they know, then they can go back and then write

2366
02:04:46.039 --> 02:04:48.319
<v Speaker 1>out a tax. They kind write the tax because they

2367
02:04:48.359 --> 02:04:51.239
<v Speaker 1>don't know. So if they use this information to get okay,

2368
02:04:51.479 --> 02:04:54.600
<v Speaker 1>Norway has sent one dollar and China has sent two dollars,

2369
02:04:54.800 --> 02:04:55.600
<v Speaker 1>they're okay.

2370
02:04:55.399 --> 02:04:58.600
<v Speaker 2>We're gonna tax Norway like this, it's a bad way

2371
02:04:58.680 --> 02:05:01.800
<v Speaker 2>to get that. That's my bad to get data. You

2372
02:05:01.880 --> 02:05:03.159
<v Speaker 2>don't want to get data.

2373
02:05:04.479 --> 02:05:10.640
<v Speaker 24>I think there.

2374
02:05:11.079 --> 02:05:14.520
<v Speaker 3>I think I think it's worry about Wow. I don't

2375
02:05:14.520 --> 02:05:14.840
<v Speaker 3>think so.

2376
02:05:15.159 --> 02:05:17.720
<v Speaker 2>I know Nigeria very well, I don't think so.

2377
02:05:18.119 --> 02:05:22.720
<v Speaker 1>I mean they when they went after after a mooky effects,

2378
02:05:22.920 --> 02:05:27.880
<v Speaker 1>he eventually went out of binance. There is always a trend.

2379
02:05:28.279 --> 02:05:30.520
<v Speaker 1>We all know they want the money, but they are

2380
02:05:30.680 --> 02:05:33.840
<v Speaker 1>going about it the wrong way. When if you the

2381
02:05:33.960 --> 02:05:37.880
<v Speaker 1>dollar bond, remember two years ago I said you're gonna

2382
02:05:37.920 --> 02:05:41.119
<v Speaker 1>have ATMs in Nigeria issuing dollar. I said, we're going

2383
02:05:41.159 --> 02:05:43.680
<v Speaker 1>to issue the bond. I said it on Twitter. It

2384
02:05:43.920 --> 02:05:46.000
<v Speaker 1>happened because they need the dollar and this is the

2385
02:05:46.039 --> 02:05:46.880
<v Speaker 1>way you get the dollar.

2386
02:05:47.239 --> 02:05:51.479
<v Speaker 2>They've done it. We're not trying to be Southsayers. We

2387
02:05:51.800 --> 02:05:54.159
<v Speaker 2>know what they want to do, but this is not

2388
02:05:54.279 --> 02:05:55.239
<v Speaker 2>a good way to do it.

2389
02:05:55.640 --> 02:05:58.359
<v Speaker 1>If you want to get money, then get money through

2390
02:05:58.399 --> 02:05:59.920
<v Speaker 1>the dollar bond, which they have done.

2391
02:06:00.399 --> 02:06:01.319
<v Speaker 2>If you want to get.

2392
02:06:01.279 --> 02:06:05.279
<v Speaker 1>Disclosure of voluntary admittances, do that. Like I said, South

2393
02:06:05.399 --> 02:06:07.239
<v Speaker 1>Korea did this and it worked for them.

2394
02:06:07.840 --> 02:06:08.760
<v Speaker 3>You don't mix it.

2395
02:06:08.920 --> 02:06:13.680
<v Speaker 1>So you don't say if you're Nigerian there sprow. They say,

2396
02:06:13.760 --> 02:06:17.319
<v Speaker 1>if you're in Nigerian diaspra, you can voluntarily take your

2397
02:06:17.399 --> 02:06:18.640
<v Speaker 1>money and then portrate it.

2398
02:06:19.039 --> 02:06:19.520
<v Speaker 12>What is that?

2399
02:06:21.079 --> 02:06:25.560
<v Speaker 2>It's clumsy language, you know, it allows itself to be misrepresented.

2400
02:06:26.359 --> 02:06:29.439
<v Speaker 1>Again, I saw this secular a long time ago. I

2401
02:06:29.640 --> 02:06:32.960
<v Speaker 1>thought they would revise it. I'm doing this space because

2402
02:06:33.000 --> 02:06:36.000
<v Speaker 1>they haven't revised it. The way it stands, the way

2403
02:06:36.079 --> 02:06:39.720
<v Speaker 1>it's written, it's a negative. Language can be misconsed, trued.

2404
02:06:39.880 --> 02:06:42.199
<v Speaker 1>Look at the helen that I just put on Twitter. Now,

2405
02:06:42.560 --> 02:06:46.760
<v Speaker 1>the newsper says Nigerians have seven months to bank their dollar.

2406
02:06:47.199 --> 02:06:52.039
<v Speaker 2>The headline is wrong. He says for X crisis gives

2407
02:06:52.119 --> 02:06:55.479
<v Speaker 2>Nigeria to nine months to deposit dollar in banks. The

2408
02:06:55.720 --> 02:06:59.279
<v Speaker 2>headline is wrong. But you can't blame these guys. This

2409
02:06:59.399 --> 02:06:59.920
<v Speaker 2>is daily put.

2410
02:07:00.079 --> 02:07:03.439
<v Speaker 1>You can't blame them because what they are reading allow

2411
02:07:03.479 --> 02:07:05.680
<v Speaker 1>them to put that sort of hairlines. So if you

2412
02:07:05.800 --> 02:07:09.159
<v Speaker 1>are in Australia and you see the paper saying you

2413
02:07:09.319 --> 02:07:11.039
<v Speaker 1>have nine months in.

2414
02:07:11.039 --> 02:07:12.680
<v Speaker 2>Your back, what do you then? Do you know?

2415
02:07:12.880 --> 02:07:17.960
<v Speaker 1>Perception is very very real. That's why companies have brand managers.

2416
02:07:18.199 --> 02:07:20.840
<v Speaker 1>You don't just say just take it as you see it.

2417
02:07:21.039 --> 02:07:25.840
<v Speaker 1>Grapevine is inveritable of communication. You've got to manage the

2418
02:07:25.880 --> 02:07:28.359
<v Speaker 1>Cory have times we said they have to employ someone

2419
02:07:28.640 --> 02:07:33.239
<v Speaker 1>that knows about money, about economists and the media team.

2420
02:07:36.239 --> 02:07:39.920
<v Speaker 1>Look at the banner has one he has almost fourteen

2421
02:07:40.439 --> 02:07:44.000
<v Speaker 1>almost fourteen media guys, not one media guy there is

2422
02:07:44.039 --> 02:07:45.880
<v Speaker 1>for money, not one.

2423
02:07:45.960 --> 02:07:48.920
<v Speaker 2>Media. Guys, they are almost fourteen day. You're aware of that.

2424
02:07:50.279 --> 02:07:53.680
<v Speaker 1>Yeah, there's one on policy, there's a let me give

2425
02:07:53.680 --> 02:07:57.199
<v Speaker 1>you the day. There's one on on on public communication,

2426
02:07:57.680 --> 02:08:01.720
<v Speaker 1>one on information, one on public meditation, one on media,

2427
02:08:01.960 --> 02:08:05.199
<v Speaker 1>one on prince media, one on digital new media, one

2428
02:08:05.239 --> 02:08:09.920
<v Speaker 1>on publish, one on social media. There's visual comps, there's

2429
02:08:10.319 --> 02:08:14.359
<v Speaker 1>national values, there's public engagement, there's strategic comps.

2430
02:08:14.399 --> 02:08:15.560
<v Speaker 2>There's none an economy.

2431
02:08:15.920 --> 02:08:20.680
<v Speaker 1>And that's why the other day the Bio posted something

2432
02:08:20.760 --> 02:08:26.399
<v Speaker 1>that says we're getting tested billion when they pressed the commitments.

2433
02:08:27.039 --> 02:08:29.319
<v Speaker 1>How can you say you're getting commut on tested billion?

2434
02:08:29.960 --> 02:08:33.079
<v Speaker 1>Are you the presidential spokesman? The President went on air

2435
02:08:33.640 --> 02:08:36.680
<v Speaker 1>and said that he has received tested billion or October

2436
02:08:36.760 --> 02:08:38.760
<v Speaker 1>one statement on air.

2437
02:08:40.359 --> 02:08:43.079
<v Speaker 2>Yeah, that's then he bought. Then he wants to borrow

2438
02:08:43.119 --> 02:08:45.439
<v Speaker 2>Testician again. But he has got a TEXTI billion and

2439
02:08:45.600 --> 02:08:48.960
<v Speaker 2>Blueberg will pick that. That is data. That's is that's

2440
02:08:49.000 --> 02:08:49.560
<v Speaker 2>his data.

2441
02:08:49.880 --> 02:08:52.279
<v Speaker 1>The president has said it, but the PRENDT is seing

2442
02:08:52.319 --> 02:08:55.520
<v Speaker 1>it because his adviser has told him when we pressed them, oh,

2443
02:08:55.880 --> 02:08:57.199
<v Speaker 1>it's commitments.

2444
02:08:57.279 --> 02:08:59.439
<v Speaker 2>It is a commitment. Why is the president saying it?

2445
02:09:00.079 --> 02:09:02.119
<v Speaker 2>The National Day addressed let's get people.

2446
02:09:03.279 --> 02:09:09.319
<v Speaker 1>Yeah, yeah, let's get el grandson, L grandson happening here live.

2447
02:09:09.359 --> 02:09:12.439
<v Speaker 2>Then let's hear some other folks. L grandson.

2448
02:09:12.520 --> 02:09:17.600
<v Speaker 30>You you and go ahead, El grandson going once. Let's

2449
02:09:17.640 --> 02:09:20.479
<v Speaker 30>get tall narrow, tall narrow. How are you doing, sir,

2450
02:09:22.399 --> 02:09:24.279
<v Speaker 30>tall narrow? You're on the fly your hand and stop

2451
02:09:24.319 --> 02:09:27.000
<v Speaker 30>quad and speaking. Quest to speak Yeah to her, yeah,

2452
02:09:27.000 --> 02:09:27.680
<v Speaker 30>go ahead, go for it.

2453
02:09:31.239 --> 02:09:32.800
<v Speaker 2>Tell her I can't hear you. I can hear the

2454
02:09:32.880 --> 02:09:34.000
<v Speaker 2>voice like you can hear you.

2455
02:09:34.279 --> 02:09:39.359
<v Speaker 1>Tixto all your too, please, I do speak. Audio is bad, Yes,

2456
02:09:39.399 --> 02:09:39.840
<v Speaker 1>I can go.

2457
02:09:39.840 --> 02:09:42.039
<v Speaker 2>Ahead, thank you.

2458
02:09:42.800 --> 02:09:47.520
<v Speaker 3>So Actually I wanted to I want to ask education

2459
02:09:47.680 --> 02:09:56.560
<v Speaker 3>on this thing. I don't know what's Sunday n well

2460
02:09:56.600 --> 02:10:01.640
<v Speaker 3>from what you're saying so far, and I'm thinking love big.

2461
02:10:01.680 --> 02:10:04.800
<v Speaker 27>And I just want to understand if this thing means

2462
02:10:04.840 --> 02:10:09.960
<v Speaker 27>that Nagias wherever you are have to say in Nigeria, Broad,

2463
02:10:10.079 --> 02:10:10.479
<v Speaker 27>you don't.

2464
02:10:10.359 --> 02:10:14.920
<v Speaker 3>Need the money foreign courage. You have to put the

2465
02:10:15.079 --> 02:10:16.600
<v Speaker 3>money in the jim bank account.

2466
02:10:17.399 --> 02:10:21.159
<v Speaker 12>Why is this being abroad or onto you come to Nigeria,

2467
02:10:21.199 --> 02:10:22.720
<v Speaker 12>that's where you have to transfer your money.

2468
02:10:23.159 --> 02:10:25.119
<v Speaker 3>De clar transorrgy and the Jama.

2469
02:10:26.399 --> 02:10:27.640
<v Speaker 2>Let me insert in two ways.

2470
02:10:27.920 --> 02:10:31.439
<v Speaker 1>It is saying that once you're Nigerian in Nigeria or

2471
02:10:31.520 --> 02:10:34.840
<v Speaker 1>the diaspora, you should disclose and transpire your money to

2472
02:10:34.880 --> 02:10:39.079
<v Speaker 1>a Nigerian bank. But they're saying it for laundry. It's

2473
02:10:39.159 --> 02:10:42.199
<v Speaker 1>in the text. The title don't say volunteer, but in

2474
02:10:42.279 --> 02:10:44.720
<v Speaker 1>the text they're saying it's a blount. So that means

2475
02:10:44.800 --> 02:10:49.640
<v Speaker 1>if you live in Togo and you end, they are

2476
02:10:49.800 --> 02:10:52.840
<v Speaker 1>saying you should transfer that to a Nigerian bank.

2477
02:10:52.960 --> 02:10:58.399
<v Speaker 2>That's what's in the text, but it's for laundry. So

2478
02:10:58.800 --> 02:10:59.920
<v Speaker 2>have I answid you correctly?

2479
02:11:01.199 --> 02:11:01.399
<v Speaker 10>Yeah?

2480
02:11:01.439 --> 02:11:04.399
<v Speaker 3>Yeah, volunteer person makes sense because you're.

2481
02:11:06.319 --> 02:11:08.800
<v Speaker 1>Well, that's what's the Let read it again. Word for

2482
02:11:08.920 --> 02:11:14.920
<v Speaker 1>what work forward repatriation of disclosed international issuerable foreign currency

2483
02:11:15.600 --> 02:11:22.319
<v Speaker 1>held offshore in cash or retained in electronic form THRUE

2484
02:11:22.680 --> 02:11:27.640
<v Speaker 1>approved channels. So that's repatriation. That means if you live abroad,

2485
02:11:28.000 --> 02:11:31.359
<v Speaker 1>you repatriate. If you live in Nigeria, it says you deposit,

2486
02:11:32.119 --> 02:11:37.279
<v Speaker 1>disclose international label foreign currency held in cash or retain

2487
02:11:37.439 --> 02:11:42.000
<v Speaker 1>in the train form within Nigeria. So both within Nigeria

2488
02:11:42.600 --> 02:11:46.960
<v Speaker 1>and diaspora. It's no is saying that you should remit both.

2489
02:11:47.439 --> 02:11:48.359
<v Speaker 1>It's voluntary.

2490
02:11:51.319 --> 02:11:59.199
<v Speaker 3>Thank you for that. It's a topic. Can you buy

2491
02:12:00.119 --> 02:12:01.239
<v Speaker 3>buying treasure from?

2492
02:12:04.399 --> 02:12:05.960
<v Speaker 12>Can I find that treasure?

2493
02:12:08.960 --> 02:12:09.159
<v Speaker 10>Yeah?

2494
02:12:09.199 --> 02:12:11.399
<v Speaker 2>You can, you can, I mean now you can.

2495
02:12:11.520 --> 02:12:14.159
<v Speaker 1>Most of those apps they have all those. I think

2496
02:12:14.199 --> 02:12:16.840
<v Speaker 1>there are three recent Nigeria. I think there's Carrie Wise,

2497
02:12:17.479 --> 02:12:22.000
<v Speaker 1>there's what's the name Rise has now bought Shaker, so

2498
02:12:22.119 --> 02:12:26.279
<v Speaker 1>there's Carrier Wis, there's Bamboo. If you go into those apps,

2499
02:12:26.359 --> 02:12:29.560
<v Speaker 1>if you look for fixed income, you can see fixed

2500
02:12:29.640 --> 02:12:32.520
<v Speaker 1>income treasury bills or bonds issued buy the central bands

2501
02:12:32.520 --> 02:12:34.760
<v Speaker 1>of that country and you can buy them. You can

2502
02:12:34.760 --> 02:12:37.279
<v Speaker 1>also buy e t F. The's an ITT called b

2503
02:12:37.600 --> 02:12:39.920
<v Speaker 1>n D. B n D would give you exposure to

2504
02:12:40.039 --> 02:12:44.560
<v Speaker 1>d to bonds issued in America only if you buy

2505
02:12:44.640 --> 02:12:46.920
<v Speaker 1>a believe it's x bn D, you can get a

2506
02:12:46.960 --> 02:12:50.199
<v Speaker 1>bond issued outside America. So it's possible to buy those bonds.

2507
02:12:50.239 --> 02:12:54.359
<v Speaker 1>But you're buying secondary market. It means somebody has bought

2508
02:12:54.439 --> 02:12:57.560
<v Speaker 1>them and you're simply buying from that person, and you're

2509
02:12:57.640 --> 02:12:58.159
<v Speaker 1>buying too.

2510
02:12:59.159 --> 02:13:01.680
<v Speaker 2>To be said that as to any foreign currency, yes

2511
02:13:01.760 --> 02:13:02.399
<v Speaker 2>you can buy them.

2512
02:13:04.479 --> 02:13:04.920
<v Speaker 3>Yeah, yeah.

2513
02:13:06.920 --> 02:13:13.199
<v Speaker 1>Big for the offer such exposure, that's that's a big boy.

2514
02:13:13.359 --> 02:13:15.720
<v Speaker 1>If you're a big boy, you can buy direct. I

2515
02:13:15.800 --> 02:13:19.359
<v Speaker 1>think in if you have two hundred thousand dollars. You

2516
02:13:19.439 --> 02:13:22.800
<v Speaker 1>can buy your bones directly on it or even though

2517
02:13:22.840 --> 02:13:23.960
<v Speaker 1>I once, but if you are.

2518
02:13:24.000 --> 02:13:25.720
<v Speaker 2>Just a local, it doesn't buy.

2519
02:13:25.760 --> 02:13:29.520
<v Speaker 1>You can actually buy the money market phone that gives

2520
02:13:29.560 --> 02:13:32.159
<v Speaker 1>you exposure to do. I think Optimus it's a it's

2521
02:13:32.159 --> 02:13:36.159
<v Speaker 1>an itto that not invest allows you. I think I

2522
02:13:36.279 --> 02:13:38.520
<v Speaker 1>be TC if you allow you to invest, so you

2523
02:13:38.640 --> 02:13:41.800
<v Speaker 1>can get that. Yet, remember don't look at the coupon.

2524
02:13:41.920 --> 02:13:44.760
<v Speaker 1>Remember you look at the yields to maturity when you

2525
02:13:44.880 --> 02:13:49.439
<v Speaker 1>buy a bond, right, you are comparing the yields to maturity,

2526
02:13:49.560 --> 02:13:50.199
<v Speaker 1>not the coupon.

2527
02:13:50.239 --> 02:13:53.079
<v Speaker 2>People make that mistake. You see ten percent coupon, You're

2528
02:13:53.079 --> 02:13:56.000
<v Speaker 2>not gonna get ten percent. They will pay you ten percent, but.

2529
02:13:56.159 --> 02:13:59.159
<v Speaker 1>Your actual yield is to yield to maturity. When you

2530
02:13:59.199 --> 02:14:01.279
<v Speaker 1>want to buy, look at my choice.

2531
02:14:01.279 --> 02:14:03.680
<v Speaker 2>Don't look at the coop one and to sleep. Yeah,

2532
02:14:05.039 --> 02:14:10.239
<v Speaker 2>text soft, what's your mind? Tax soft? You've got the phone?

2533
02:14:12.520 --> 02:14:12.720
<v Speaker 3>Yeah?

2534
02:14:13.520 --> 02:14:13.720
<v Speaker 4>Yeah.

2535
02:14:14.880 --> 02:14:20.520
<v Speaker 3>The influence is the dollar. The thing that is Yeah,

2536
02:14:20.720 --> 02:14:22.760
<v Speaker 3>it's something that it's quite very funny.

2537
02:14:23.520 --> 02:14:26.800
<v Speaker 31>Like for me now, as an example, I opened a

2538
02:14:26.800 --> 02:14:32.319
<v Speaker 31>couple of them companies there foreign currency. Well, I used

2539
02:14:32.319 --> 02:14:36.680
<v Speaker 31>to use my gity dollar campvote. Then the charges are

2540
02:14:37.239 --> 02:14:41.760
<v Speaker 31>so insane most times. Probably I'm doing maybe two thousand

2541
02:14:42.560 --> 02:14:43.319
<v Speaker 31>dollar transfer.

2542
02:14:44.079 --> 02:14:45.920
<v Speaker 12>Probably this is one thousand or two thousand.

2543
02:14:47.000 --> 02:14:50.520
<v Speaker 31>Bank is taking a fifteen dollars from my accounts or

2544
02:14:50.760 --> 02:14:53.199
<v Speaker 31>let's say twenty dollar from my account just for within

2545
02:14:53.800 --> 02:14:56.199
<v Speaker 31>to gitt you're charging them aboard.

2546
02:14:56.359 --> 02:14:57.880
<v Speaker 3>If I transfer money from.

2547
02:14:58.640 --> 02:15:01.079
<v Speaker 2>My accounts here are in pounds.

2548
02:15:02.479 --> 02:15:06.079
<v Speaker 3>It's I'm not being charged for any year whatever. I mean,

2549
02:15:06.359 --> 02:15:07.760
<v Speaker 3>it's kind of very funny.

2550
02:15:08.720 --> 02:15:09.199
<v Speaker 12>I've got that.

2551
02:15:09.279 --> 02:15:12.119
<v Speaker 3>I also pissed off with their charges. I had to

2552
02:15:13.119 --> 02:15:15.199
<v Speaker 3>change because I was just thought that I can use

2553
02:15:16.840 --> 02:15:19.399
<v Speaker 3>any account from a side I can so does quickly

2554
02:15:19.520 --> 02:15:23.000
<v Speaker 3>change the account like you. I'm using a foreign account

2555
02:15:23.079 --> 02:15:24.319
<v Speaker 3>because it's me better.

2556
02:15:25.359 --> 02:15:26.840
<v Speaker 7>And yeah.

2557
02:15:27.119 --> 02:15:33.479
<v Speaker 31>Secondly, I've been just some African countries for some good

2558
02:15:33.520 --> 02:15:35.399
<v Speaker 31>life projects were paid.

2559
02:15:35.279 --> 02:15:40.920
<v Speaker 3>At the end in foreign courrencies. Discovered that, let's.

2560
02:15:40.720 --> 02:15:43.800
<v Speaker 31>Say, for the last time I went to Gambia, you

2561
02:15:43.960 --> 02:15:47.439
<v Speaker 31>could Gambi allowed to a concis, you could use their

2562
02:15:47.560 --> 02:15:52.079
<v Speaker 31>Dalla scene and we don't you use doland last. It's

2563
02:15:52.159 --> 02:15:55.600
<v Speaker 31>quite common then a lot of forming as and I

2564
02:15:55.680 --> 02:15:57.000
<v Speaker 31>think it's quite stable.

2565
02:15:57.840 --> 02:16:00.800
<v Speaker 12>The difference is not that modually comes to the inflation

2566
02:16:01.199 --> 02:16:03.119
<v Speaker 12>in Gambler is a amos.

2567
02:16:03.119 --> 02:16:07.159
<v Speaker 31>Given the fact that they have dollar in circulation, it's

2568
02:16:07.239 --> 02:16:07.840
<v Speaker 31>quite common.

2569
02:16:08.880 --> 02:16:12.560
<v Speaker 3>Dollar is not something you finally go to see in Gambia.

2570
02:16:12.960 --> 02:16:17.159
<v Speaker 31>But the economy is quite stable, quite stable, quite peaceful,

2571
02:16:18.039 --> 02:16:20.279
<v Speaker 31>and things go quite small way.

2572
02:16:20.319 --> 02:16:22.880
<v Speaker 3>We're telling me then that I call it open. A

2573
02:16:23.000 --> 02:16:26.720
<v Speaker 3>dollar counts over a dollar, say camp.

2574
02:16:26.840 --> 02:16:28.079
<v Speaker 2>They're happy to go for me.

2575
02:16:28.840 --> 02:16:34.000
<v Speaker 31>But in Nigeria, the inflation is those it's quite very

2576
02:16:34.159 --> 02:16:35.959
<v Speaker 31>strange that it keeps on going.

2577
02:16:36.079 --> 02:16:38.159
<v Speaker 3>And as you explain, you're absolutely convict.

2578
02:16:39.799 --> 02:16:43.120
<v Speaker 15>I try as much as possible not to keep my

2579
02:16:43.280 --> 02:16:46.639
<v Speaker 15>money in narrow at the moment I have any small

2580
02:16:46.680 --> 02:16:50.319
<v Speaker 15>sidles really paving like now, I really find a way

2581
02:16:50.360 --> 02:16:51.360
<v Speaker 15>to convert back to dollars.

2582
02:16:51.360 --> 02:16:54.239
<v Speaker 3>So keep just so be able to beat accentriate. So

2583
02:16:55.360 --> 02:17:01.879
<v Speaker 3>the nat Nigeian why didn't you police see? And how

2584
02:17:02.079 --> 02:17:06.879
<v Speaker 3>kinds are doing? It's quite very fun me because nobody

2585
02:17:06.959 --> 02:17:07.399
<v Speaker 3>wants to re.

2586
02:17:07.520 --> 02:17:10.239
<v Speaker 15>Lose money and people a lot of people have lost

2587
02:17:10.360 --> 02:17:12.239
<v Speaker 15>FI in keeping the money there.

2588
02:17:12.479 --> 02:17:14.440
<v Speaker 3>When I was in Gambier, even when I traveled to

2589
02:17:15.079 --> 02:17:17.360
<v Speaker 3>to to Ghana.

2590
02:17:17.760 --> 02:17:22.319
<v Speaker 15>It's quite keep up gan I all this changing money

2591
02:17:22.360 --> 02:17:25.280
<v Speaker 15>back in the stand. So some of my colleagues I

2592
02:17:25.440 --> 02:17:29.159
<v Speaker 15>travel to India, they are very okay keeping their money.

2593
02:17:29.120 --> 02:17:30.760
<v Speaker 2>In the Indian currency where they were living.

2594
02:17:31.559 --> 02:17:33.600
<v Speaker 31>The bank quickly converted the money for them to do

2595
02:17:33.879 --> 02:17:37.079
<v Speaker 31>for the live out, but nothing depreciated.

2596
02:17:37.399 --> 02:17:40.559
<v Speaker 3>They still had their money back. If you don't live

2597
02:17:40.600 --> 02:17:42.159
<v Speaker 3>your money because a few weeks.

2598
02:17:41.920 --> 02:17:46.120
<v Speaker 12>Before you know the farmer has gone up as depreciated.

2599
02:17:45.639 --> 02:17:47.639
<v Speaker 2>And it's normally encouraging at all.

2600
02:17:47.879 --> 02:17:50.680
<v Speaker 3>As someone who ends in from Crency.

2601
02:17:51.760 --> 02:17:53.680
<v Speaker 1>Yeah, I mean, I hear you, so I mean Gambia.

2602
02:17:53.840 --> 02:17:55.879
<v Speaker 1>If you don't know, Gamba has one of the strongest

2603
02:17:55.959 --> 02:17:59.840
<v Speaker 1>currencies in Africa. I think I think that currency was

2604
02:18:00.040 --> 02:18:03.360
<v Speaker 1>almost as strong as the dollar, so they don't even

2605
02:18:03.440 --> 02:18:05.920
<v Speaker 1>need dollar in Gambia, they actually need their own. Lookalt

2606
02:18:05.959 --> 02:18:09.920
<v Speaker 1>currency's actually strong or very very strong because they have

2607
02:18:10.159 --> 02:18:16.840
<v Speaker 1>a lot of remittances. In terms of proportion, Gambian sent

2608
02:18:17.120 --> 02:18:21.239
<v Speaker 1>more dollars home than Nigeria's. We send more volumes, so

2609
02:18:21.319 --> 02:18:25.000
<v Speaker 1>we sat about twenty five billion. They might send one billion,

2610
02:18:25.200 --> 02:18:28.239
<v Speaker 1>but that one billion is a higher percentage of their

2611
02:18:28.799 --> 02:18:32.440
<v Speaker 1>economy than Nigeria, So they do more than us if

2612
02:18:32.479 --> 02:18:34.680
<v Speaker 1>you link, if you take it by a proportion, that's Gambier.

2613
02:18:35.000 --> 02:18:38.159
<v Speaker 1>So the great country that they've discovered how to make

2614
02:18:38.200 --> 02:18:43.719
<v Speaker 1>money from tourism. No other sector creates jobs like tourism

2615
02:18:43.799 --> 02:18:45.840
<v Speaker 1>because tourism doesn't need any set up, you don't need

2616
02:18:45.879 --> 02:18:50.440
<v Speaker 1>any startlem capital. So they've created a huge tourist economy.

2617
02:18:50.719 --> 02:18:54.600
<v Speaker 1>They have constant flights every two weeks, constant daily flight

2618
02:18:54.680 --> 02:18:57.920
<v Speaker 1>from the UK to Gambia, K to the They could

2619
02:18:58.000 --> 02:19:03.079
<v Speaker 1>just go to the beach stay one week, so all

2620
02:19:03.159 --> 02:19:07.000
<v Speaker 1>the dollars are flowing in. They don't need dollars. There

2621
02:19:07.079 --> 02:19:08.479
<v Speaker 1>is actually their own cover incident.

2622
02:19:08.520 --> 02:19:09.239
<v Speaker 2>It's hard to get.

2623
02:19:09.399 --> 02:19:13.440
<v Speaker 1>So that's one on your issue with your working abroad

2624
02:19:13.600 --> 02:19:14.719
<v Speaker 1>and doing transfers.

2625
02:19:14.799 --> 02:19:15.559
<v Speaker 2>Lots of people have that.

2626
02:19:15.639 --> 02:19:17.959
<v Speaker 1>If let me give you an idea you can try.

2627
02:19:18.120 --> 02:19:20.639
<v Speaker 1>Let me me plug these guys in do you know

2628
02:19:20.719 --> 02:19:23.440
<v Speaker 1>do you know transfer go, transfer go they do they

2629
02:19:23.440 --> 02:19:26.559
<v Speaker 1>dot me turns this. They do return to nag for free.

2630
02:19:27.920 --> 02:19:29.680
<v Speaker 1>So if you don't have an account they you might

2631
02:19:29.760 --> 02:19:31.879
<v Speaker 1>want to come to that doing just Google transfer go,

2632
02:19:32.040 --> 02:19:34.920
<v Speaker 1>dot com set up and the same things, the same

2633
02:19:35.000 --> 02:19:36.440
<v Speaker 1>set up that other guys used.

2634
02:19:36.479 --> 02:19:39.159
<v Speaker 2>But they do try transfers for free.

2635
02:19:39.200 --> 02:19:40.799
<v Speaker 1>I don't know how long they will do it for,

2636
02:19:41.639 --> 02:19:43.920
<v Speaker 1>but if it's for free, you might you have some

2637
02:19:44.559 --> 02:19:46.639
<v Speaker 1>send over. It's something you can take advantage of and

2638
02:19:46.760 --> 02:19:49.239
<v Speaker 1>just send them money now and paying nothing for now

2639
02:19:49.319 --> 02:19:51.639
<v Speaker 1>at least, so check them out.

2640
02:19:51.760 --> 02:19:58.079
<v Speaker 15>Yeah yeah, yeah, as I said recently, foreign account for

2641
02:19:58.200 --> 02:20:00.479
<v Speaker 15>slide then probably for law.

2642
02:20:01.000 --> 02:20:06.959
<v Speaker 3>I can't patronize for this transfer. Initially I was using

2643
02:20:07.120 --> 02:20:11.680
<v Speaker 3>my layer. Can't boat they charge me like for transactions?

2644
02:20:12.399 --> 02:20:15.440
<v Speaker 2>Yes, yeah, this guy, this guys, I'm gonna try. I'm

2645
02:20:15.479 --> 02:20:16.200
<v Speaker 2>not sure how long.

2646
02:20:16.360 --> 02:20:18.399
<v Speaker 1>Like I said, if I won't do any transfers, not

2647
02:20:18.559 --> 02:20:21.280
<v Speaker 1>for Christmas, I'm hoping here do it.

2648
02:20:21.879 --> 02:20:23.719
<v Speaker 2>I'm pretty sure this is like a marketing for them.

2649
02:20:23.760 --> 02:20:26.639
<v Speaker 1>Don't do marketing to get that to transfer to know them,

2650
02:20:27.079 --> 02:20:30.760
<v Speaker 1>So take advantage transfer, go hopping and do it. You

2651
02:20:30.799 --> 02:20:33.719
<v Speaker 1>can use them after that's your call. They look okay,

2652
02:20:34.360 --> 02:20:37.559
<v Speaker 1>it's free transfer from I would I would take advantage here.

2653
02:20:40.239 --> 02:20:42.440
<v Speaker 1>Thanks for watch you guys, And you guys won't bring

2654
02:20:42.639 --> 02:20:45.239
<v Speaker 1>them tonight, so weldne.

2655
02:20:46.520 --> 02:20:46.840
<v Speaker 3>Thanks.

2656
02:20:47.120 --> 02:20:53.040
<v Speaker 2>All right, let's get our grandson all Brandon, you're still there? Okay?

2657
02:20:53.120 --> 02:20:53.360
<v Speaker 3>Grand?

2658
02:20:53.360 --> 02:20:53.639
<v Speaker 2>All right?

2659
02:20:53.760 --> 02:20:56.520
<v Speaker 1>Ollik quick one for you. Someone is asking to ask

2660
02:20:56.639 --> 02:21:00.319
<v Speaker 1>asking is asking them what's your take? Don't try is

2661
02:21:00.360 --> 02:21:05.280
<v Speaker 1>going to all his full cryptocurrency? Will that be have

2662
02:21:05.440 --> 02:21:08.360
<v Speaker 1>a positive impact? Okay?

2663
02:21:08.959 --> 02:21:09.360
<v Speaker 3>L Grand?

2664
02:21:09.520 --> 02:21:10.000
<v Speaker 2>Real quick?

2665
02:21:10.920 --> 02:21:17.840
<v Speaker 1>Grand Okay, when I speaking or that you do grand

2666
02:21:18.239 --> 02:21:23.760
<v Speaker 1>grand Olikay, somebody's asking what the Trump crypto accept as

2667
02:21:23.760 --> 02:21:26.360
<v Speaker 1>the mean for the incruding Nigeria. He is saying, do

2668
02:21:26.479 --> 02:21:29.520
<v Speaker 1>you think Nigerian banks or the cypien will change their

2669
02:21:29.600 --> 02:21:33.680
<v Speaker 1>stands and allow Nigerian banks to to use krypto since

2670
02:21:33.719 --> 02:21:37.440
<v Speaker 1>the US going to be crypto a legal investment option.

2671
02:21:37.719 --> 02:21:38.760
<v Speaker 2>He's asking for your opinion.

2672
02:21:40.680 --> 02:21:49.600
<v Speaker 3>Also, this is a big almost that yeah, defense is that.

2673
02:21:51.200 --> 02:21:54.200
<v Speaker 12>Money is going to the market, and you said the

2674
02:21:55.120 --> 02:21:57.239
<v Speaker 12>releasing coincidant thought.

2675
02:21:58.200 --> 02:21:59.399
<v Speaker 7>Exists, so that's is.

2676
02:22:01.000 --> 02:22:03.440
<v Speaker 3>But INLA is that I don't.

2677
02:22:03.200 --> 02:22:06.959
<v Speaker 12>See the produced to multiplobally and this is my reason,

2678
02:22:07.200 --> 02:22:10.959
<v Speaker 12>so we have make our rules. In Europe, the Chinese

2679
02:22:11.000 --> 02:22:15.079
<v Speaker 12>are still conservated towards crypto markets In Africa, South African

2680
02:22:15.239 --> 02:22:23.200
<v Speaker 12>Liberia have a quiet aggressive because of their their currency

2681
02:22:23.600 --> 02:22:28.120
<v Speaker 12>and the fragianty in the financial market. However, it's possible

2682
02:22:28.200 --> 02:22:31.559
<v Speaker 12>with future that we see partners shoes are loan.

2683
02:22:31.840 --> 02:22:35.159
<v Speaker 3>The technology record that there was a time Web.

2684
02:22:36.280 --> 02:22:39.719
<v Speaker 12>Had a kind of relationship with Examp, that's which has

2685
02:22:39.799 --> 02:22:42.559
<v Speaker 12>a relationship with the customer.

2686
02:22:42.520 --> 02:22:43.760
<v Speaker 10>In Nigerian.

2687
02:22:45.159 --> 02:22:48.399
<v Speaker 3>Managed company. So yeah, it's possible.

2688
02:22:49.159 --> 02:22:51.079
<v Speaker 7>Together with you, the bod.

2689
02:22:50.959 --> 02:22:58.879
<v Speaker 12>Language of the NSC presidency and research. Quder that unisity

2690
02:22:59.639 --> 02:23:05.360
<v Speaker 12>of and origin of Nagera businesses because they were not registered.

2691
02:23:05.559 --> 02:23:06.280
<v Speaker 7>Tells you that.

2692
02:23:07.799 --> 02:23:10.479
<v Speaker 3>They're still a long group to put.

2693
02:23:11.040 --> 02:23:13.879
<v Speaker 12>So my dig is that I think this apple should

2694
02:23:13.879 --> 02:23:18.319
<v Speaker 12>be taking custalputs trumps. Effect definitely is being filed across

2695
02:23:18.559 --> 02:23:21.040
<v Speaker 12>those space, but in Dangeria carnomy.

2696
02:23:21.239 --> 02:23:23.680
<v Speaker 3>To be honest with you, I don't see much changing

2697
02:23:24.319 --> 02:23:28.760
<v Speaker 3>except the present change help to present as recited. They

2698
02:23:28.840 --> 02:23:31.879
<v Speaker 3>only see cluto as in trade to dener. That's the

2699
02:23:32.159 --> 02:23:35.600
<v Speaker 3>tag they have international for us.

2700
02:23:35.879 --> 02:23:39.520
<v Speaker 12>And if you look banks are still don't The fact

2701
02:23:39.559 --> 02:23:44.520
<v Speaker 12>that there was a kind of official directed that bank

2702
02:23:44.559 --> 02:23:46.000
<v Speaker 12>should deal with CLO.

2703
02:23:47.159 --> 02:23:50.120
<v Speaker 3>Editors registered on that sick.

2704
02:23:51.639 --> 02:23:56.520
<v Speaker 12>If not that I've not seen Nigeria's comfortably making their

2705
02:23:56.600 --> 02:23:57.600
<v Speaker 12>bank account to be.

2706
02:23:57.680 --> 02:24:01.840
<v Speaker 3>To be so that that question technical. I think it's

2707
02:24:01.879 --> 02:24:04.680
<v Speaker 3>to start to school, but only so.

2708
02:24:04.840 --> 02:24:08.239
<v Speaker 1>If I get the bitcoin itself, I make money. But

2709
02:24:08.360 --> 02:24:12.600
<v Speaker 1>you're saying that if I try, nothing will change on

2710
02:24:12.760 --> 02:24:16.079
<v Speaker 1>Nigerian buying the religious side. But crypto itself was still

2711
02:24:16.120 --> 02:24:16.799
<v Speaker 1>big money for me.

2712
02:24:16.879 --> 02:24:18.959
<v Speaker 2>I say big bit coin, I mean just want to

2713
02:24:18.959 --> 02:24:23.079
<v Speaker 2>be I understand like if bitcoin is going not in price.

2714
02:24:23.159 --> 02:24:25.120
<v Speaker 2>So if I buy bitcoin, I make money.

2715
02:24:25.239 --> 02:24:28.239
<v Speaker 1>But in terms of the regulatory allowance in Niger to

2716
02:24:28.319 --> 02:24:30.399
<v Speaker 1>allow banks maybe trade on bits, that's not.

2717
02:24:30.479 --> 02:24:34.280
<v Speaker 3>Going to change in your care you render.

2718
02:24:34.959 --> 02:24:39.879
<v Speaker 12>The problem I have with the crypto community in Africa

2719
02:24:40.000 --> 02:24:42.440
<v Speaker 12>is that just are buying critical at this you know,

2720
02:24:43.120 --> 02:24:48.520
<v Speaker 12>let me give example, really just buy crypto as okay,

2721
02:24:48.600 --> 02:24:53.000
<v Speaker 12>they they went to cheaper cash an extreme than a

2722
02:24:53.040 --> 02:24:58.479
<v Speaker 12>black market. They want now ndred car so they're already

2723
02:24:58.639 --> 02:25:03.799
<v Speaker 12>mans fifteen percent from the papers with already to look

2724
02:25:03.879 --> 02:25:08.200
<v Speaker 12>at the colors. Don't lookay because the colors almost as computing.

2725
02:25:07.840 --> 02:25:13.040
<v Speaker 3>Value is here, but many generals are shortened coming, come out, coming,

2726
02:25:13.200 --> 02:25:15.680
<v Speaker 3>come out to the issue.

2727
02:25:15.559 --> 02:25:20.959
<v Speaker 12>Is that I just pay the price of the government

2728
02:25:21.079 --> 02:25:27.159
<v Speaker 12>inefficiency in regulations space, but the fact that the age.

2729
02:25:27.159 --> 02:25:30.920
<v Speaker 3>They trying to speculate, trying to like sets, you know.

2730
02:25:31.280 --> 02:25:34.319
<v Speaker 12>So I think what the government should have done a

2731
02:25:34.399 --> 02:25:38.840
<v Speaker 12>pertform recognizing.

2732
02:25:38.399 --> 02:25:43.280
<v Speaker 3>CP compliss like that. I think what they should have

2733
02:25:43.399 --> 02:25:49.639
<v Speaker 3>done is that they needed to really regulate to pick

2734
02:25:49.680 --> 02:25:53.799
<v Speaker 3>players like briers have a relationship. This is okay, the.

2735
02:25:55.639 --> 02:25:59.399
<v Speaker 12>Detailed executive asses have a relationship with digital players.

2736
02:25:59.440 --> 02:26:05.639
<v Speaker 3>But users can our mother than the publisher of so

2737
02:26:06.280 --> 02:26:10.399
<v Speaker 3>managers used looker companies with the advent.

2738
02:26:10.159 --> 02:26:15.680
<v Speaker 12>Of Practisher and many crytical companies that Nigers.

2739
02:26:16.520 --> 02:26:18.440
<v Speaker 7>So the trust is they look companies.

2740
02:26:18.920 --> 02:26:20.520
<v Speaker 12>I think deferent.

2741
02:26:20.280 --> 02:26:24.760
<v Speaker 3>Government really needs to be aggressive on building that trust

2742
02:26:25.000 --> 02:26:27.840
<v Speaker 3>onto that and now that would be an easy way

2743
02:26:28.079 --> 02:26:30.920
<v Speaker 3>for the government to bring young Nigerias.

2744
02:26:30.479 --> 02:26:35.639
<v Speaker 12>Because somebody dealers not forgive you all the government because

2745
02:26:35.680 --> 02:26:36.799
<v Speaker 12>of their anti.

2746
02:26:36.559 --> 02:26:38.879
<v Speaker 3>Cryptal stance des by the fact that it has a

2747
02:26:39.040 --> 02:26:39.719
<v Speaker 3>merit and.

2748
02:26:39.959 --> 02:26:43.520
<v Speaker 12>The government was very hardmoturished in making those because if

2749
02:26:43.520 --> 02:26:45.840
<v Speaker 12>you look at you, for example, you cas do.

2750
02:26:45.959 --> 02:26:48.799
<v Speaker 3>Like critical to the U can compet like but what

2751
02:26:48.959 --> 02:26:49.639
<v Speaker 3>you did you start?

2752
02:26:50.040 --> 02:26:53.840
<v Speaker 12>They make searching rules, so you can make those rules

2753
02:26:53.920 --> 02:26:54.920
<v Speaker 12>if you can meet those rules.

2754
02:26:54.920 --> 02:26:57.879
<v Speaker 3>People crypt to drive like it's just there's the time

2755
02:26:57.920 --> 02:27:00.920
<v Speaker 3>I try to take crypto did that for it?

2756
02:27:01.280 --> 02:27:04.040
<v Speaker 12>And the one that if you try this again because

2757
02:27:04.040 --> 02:27:07.559
<v Speaker 12>your accounts so uh you there are ways you can't

2758
02:27:07.600 --> 02:27:10.840
<v Speaker 12>do this rather than this outdroid bar and aggressive.

2759
02:27:10.959 --> 02:27:13.879
<v Speaker 3>But that's not like, yeah really take that stands so

2760
02:27:14.040 --> 02:27:16.639
<v Speaker 3>I don't see much. I do. The people very careful

2761
02:27:17.120 --> 02:27:19.399
<v Speaker 3>and the market is very good than the market.

2762
02:27:20.760 --> 02:27:28.520
<v Speaker 2>Let's get all us all us belief, thank you very much.

2763
02:27:30.399 --> 02:27:34.079
<v Speaker 3>Yes, yeah, yeah, yeah, thank you very much.

2764
02:27:35.799 --> 02:27:39.440
<v Speaker 27>Will my I just have a question for Oda must

2765
02:27:39.600 --> 02:27:41.719
<v Speaker 27>I know that it is always been one of us.

2766
02:27:42.159 --> 02:27:44.079
<v Speaker 3>I follow anytime he's.

2767
02:27:44.000 --> 02:27:44.639
<v Speaker 12>Talking about this.

2768
02:27:45.280 --> 02:27:51.159
<v Speaker 26>So every year you do something for readers still like

2769
02:27:51.760 --> 02:27:57.239
<v Speaker 26>red for really talk something for that for gags, the

2770
02:27:57.399 --> 02:28:01.200
<v Speaker 26>planning in hell, Yeah, that's we can invest.

2771
02:28:00.920 --> 02:28:06.680
<v Speaker 3>And so investment this at the time for I know

2772
02:28:06.760 --> 02:28:11.719
<v Speaker 3>you can do that force given as the stuff that

2773
02:28:11.920 --> 02:28:12.920
<v Speaker 3>we can invest in.

2774
02:28:14.799 --> 02:28:20.600
<v Speaker 26>And also in US I think it so I doesn't

2775
02:28:20.600 --> 02:28:22.639
<v Speaker 26>want him to just suit the force today if he

2776
02:28:22.760 --> 02:28:23.639
<v Speaker 26>has anyone.

2777
02:28:23.360 --> 02:28:24.639
<v Speaker 3>That can do maybe.

2778
02:28:26.120 --> 02:28:26.920
<v Speaker 2>This stuff.

2779
02:28:27.319 --> 02:28:32.200
<v Speaker 3>I just said that, Yeah, I.

2780
02:28:33.840 --> 02:28:39.680
<v Speaker 18>Think I won't people of people like and that work

2781
02:28:39.760 --> 02:28:46.639
<v Speaker 18>with them out world, And it is because.

2782
02:28:47.959 --> 02:28:52.239
<v Speaker 12>I want those people that are exposing those markets to

2783
02:28:53.079 --> 02:28:54.639
<v Speaker 12>pick out what you see next.

2784
02:28:54.959 --> 02:28:58.399
<v Speaker 3>Because for me, I'm sketching about les and so many.

2785
02:28:58.440 --> 02:29:02.440
<v Speaker 3>It was just the market is as run to first, and.

2786
02:29:02.520 --> 02:29:05.120
<v Speaker 12>The CRUPO market has run to first, the years has

2787
02:29:05.159 --> 02:29:05.719
<v Speaker 12>run to first.

2788
02:29:05.920 --> 02:29:08.600
<v Speaker 3>I think cousin might take place, but it might be wrong,

2789
02:29:08.920 --> 02:29:11.959
<v Speaker 3>so I won't keep the cal and you know different

2790
02:29:12.040 --> 02:29:13.639
<v Speaker 3>per that would be late.

2791
02:29:14.399 --> 02:29:16.680
<v Speaker 12>But my my final tic is that if you look

2792
02:29:16.719 --> 02:29:19.319
<v Speaker 12>at the stock market, then Nadia stock market, all the

2793
02:29:19.479 --> 02:29:24.040
<v Speaker 12>banks from f CMB to starting to all the banks

2794
02:29:24.600 --> 02:29:29.479
<v Speaker 12>impressively did well despite the win fortas and full inflation

2795
02:29:29.760 --> 02:29:35.200
<v Speaker 12>as disposable. So what does this telling that opportunities sometimes

2796
02:29:36.159 --> 02:29:38.600
<v Speaker 12>come from unexpected places, but you have to work with

2797
02:29:38.760 --> 02:29:40.360
<v Speaker 12>you should and that's why.

2798
02:29:40.600 --> 02:29:44.000
<v Speaker 3>You really have to put your ears down. But trust me,

2799
02:29:44.120 --> 02:29:45.159
<v Speaker 3>at the end of the year.

2800
02:29:45.120 --> 02:29:45.639
<v Speaker 2>I'll try to.

2801
02:29:47.319 --> 02:29:47.840
<v Speaker 7>Look about it.

2802
02:29:49.399 --> 02:29:53.959
<v Speaker 2>Fantastic much. Oh you guys, let's let's wind out.

2803
02:29:54.440 --> 02:29:57.319
<v Speaker 1>I think we've achieve the aim today, which was to

2804
02:29:58.040 --> 02:30:02.440
<v Speaker 1>talk around this policy that Nigeria is trying to Should

2805
02:30:02.440 --> 02:30:04.760
<v Speaker 1>we say it's the policy, Yeah, it's a book I've

2806
02:30:04.760 --> 02:30:10.000
<v Speaker 1>called a position and just trying to voluntarily attract remittances

2807
02:30:10.079 --> 02:30:13.360
<v Speaker 1>to Nigeria using this EEO and of course the Sybian

2808
02:30:13.520 --> 02:30:17.399
<v Speaker 1>circular that says you can disclose, you can deposit and

2809
02:30:17.719 --> 02:30:22.559
<v Speaker 1>repatrate your eligible foreign currencies back to Nigeria. The point

2810
02:30:22.680 --> 02:30:25.840
<v Speaker 1>we are making is that we understand the government and

2811
02:30:26.040 --> 02:30:29.479
<v Speaker 1>any government wants remittance flows to come back to the nation.

2812
02:30:29.840 --> 02:30:33.520
<v Speaker 1>More remittances means the local currency is stronger, it means

2813
02:30:33.520 --> 02:30:35.280
<v Speaker 1>the economy is stronger.

2814
02:30:35.479 --> 02:30:37.600
<v Speaker 2>So it's fine that they want to do.

2815
02:30:37.680 --> 02:30:41.120
<v Speaker 1>This, but we have issues with the language that has

2816
02:30:41.280 --> 02:30:46.479
<v Speaker 1>been used, especially in the ego it's talking about it's voluntary,

2817
02:30:46.760 --> 02:30:50.760
<v Speaker 1>but you as a foreigner, so you as in Nigeria

2818
02:30:51.079 --> 02:30:54.120
<v Speaker 1>locally and in diaspran, should take your funds and remit

2819
02:30:54.280 --> 02:30:55.360
<v Speaker 1>back to Nigeria.

2820
02:30:55.479 --> 02:30:56.200
<v Speaker 2>It makes no sense.

2821
02:30:56.200 --> 02:31:00.760
<v Speaker 1>It's realy very very clumsy, and the impression gives to

2822
02:31:00.920 --> 02:31:05.879
<v Speaker 1>delay observer is that the government wants access to your dollars.

2823
02:31:06.079 --> 02:31:08.559
<v Speaker 1>That can be good for a country that is seeking

2824
02:31:08.879 --> 02:31:14.319
<v Speaker 1>the confidence to attract currencies back into the nation. Nigeria

2825
02:31:14.600 --> 02:31:16.680
<v Speaker 1>just a few months ago did a dollar bond. The

2826
02:31:16.840 --> 02:31:19.319
<v Speaker 1>very refers to a love bond ever in her history,

2827
02:31:19.879 --> 02:31:22.399
<v Speaker 1>and that dollar bond or subscribed. If you look at

2828
02:31:22.399 --> 02:31:24.680
<v Speaker 1>the well as the game, you have had to have

2829
02:31:24.799 --> 02:31:29.879
<v Speaker 1>had that dollars in Nigeria or in foreigny bank account

2830
02:31:29.920 --> 02:31:34.760
<v Speaker 1>that was traceable and this was over subscribed, which tells

2831
02:31:34.799 --> 02:31:38.600
<v Speaker 1>you that many Nigerians have dollars in Nigeria and are

2832
02:31:38.840 --> 02:31:41.200
<v Speaker 1>comfortable with given the government.

2833
02:31:41.280 --> 02:31:45.120
<v Speaker 2>They are dollars, not narror. They are dollars for ninety percent.

2834
02:31:46.200 --> 02:31:48.680
<v Speaker 1>So all the government has to do is to continue

2835
02:31:48.760 --> 02:31:51.200
<v Speaker 1>that track, maybe reduce the interest rate. So it's it's

2836
02:31:51.280 --> 02:31:53.559
<v Speaker 1>cheaper for the government to pay back the debts but

2837
02:31:53.799 --> 02:31:58.000
<v Speaker 1>not to issue a very very vague secular or ego

2838
02:31:58.680 --> 02:32:02.719
<v Speaker 1>that seems to suggest that holding foreign currency outside the

2839
02:32:02.799 --> 02:32:06.159
<v Speaker 1>banking system is illegal and should be transferred to a

2840
02:32:06.280 --> 02:32:09.719
<v Speaker 1>Nigerian bank. That's how we seem to suggest, and simply

2841
02:32:09.799 --> 02:32:16.000
<v Speaker 1>putting voluntary in front of the circular doesn't change the tone, intention.

2842
02:32:16.719 --> 02:32:19.799
<v Speaker 2>Or how it will be perceived by Nigerian public. I

2843
02:32:19.879 --> 02:32:20.959
<v Speaker 2>think it's like.

2844
02:32:21.040 --> 02:32:23.639
<v Speaker 1>Telling your child what your wife tells you to go

2845
02:32:23.760 --> 02:32:26.239
<v Speaker 1>out now. She has set go out now, but you

2846
02:32:26.360 --> 02:32:29.120
<v Speaker 1>go out. So her tone in the case to you

2847
02:32:29.280 --> 02:32:31.680
<v Speaker 1>that you can have set go out, but if you

2848
02:32:31.760 --> 02:32:34.520
<v Speaker 1>dare step out, you're in trouble. Set in here we

2849
02:32:34.760 --> 02:32:37.399
<v Speaker 1>have we need to have our dogs lined up together.

2850
02:32:37.840 --> 02:32:42.319
<v Speaker 1>The government is blessed with having the largest diaspora of

2851
02:32:42.600 --> 02:32:47.159
<v Speaker 1>any nation in Africa abroad. It's blessed with having a diaspora.

2852
02:32:47.239 --> 02:32:50.920
<v Speaker 1>It is already doing about twenty five billion, whether it

2853
02:32:51.000 --> 02:32:56.440
<v Speaker 1>is legal illegal where it is a formal informal minimum

2854
02:32:56.840 --> 02:32:57.719
<v Speaker 1>twenty five billion.

2855
02:32:58.079 --> 02:33:00.799
<v Speaker 2>That means that if you simply go back this asper

2856
02:33:01.760 --> 02:33:03.399
<v Speaker 2>with the way that they can remisee.

2857
02:33:03.040 --> 02:33:06.879
<v Speaker 1>One into Nigeria for free, no questions asked, you can

2858
02:33:07.040 --> 02:33:09.239
<v Speaker 1>take that rebbittance to fifty billion.

2859
02:33:09.799 --> 02:33:13.639
<v Speaker 2>So it's simply saying whatever you were doing, do more.

2860
02:33:13.799 --> 02:33:16.719
<v Speaker 1>Even if you say Nigeria will pay the penalty or

2861
02:33:16.879 --> 02:33:20.559
<v Speaker 1>pay your transfer fees, you can increase your remittances by

2862
02:33:20.600 --> 02:33:21.719
<v Speaker 1>even two or three percent.

2863
02:33:22.000 --> 02:33:24.079
<v Speaker 2>And that's material because come back and dollars.

2864
02:33:24.360 --> 02:33:27.760
<v Speaker 1>There's an easy, low hanging fruit for the to chase,

2865
02:33:28.159 --> 02:33:31.559
<v Speaker 1>not this kind of secular that you can chase those

2866
02:33:31.680 --> 02:33:35.000
<v Speaker 1>down and get the moneys into the country and avoid

2867
02:33:35.520 --> 02:33:40.040
<v Speaker 1>looking like they are trying to expropriate the savings and

2868
02:33:40.280 --> 02:33:44.799
<v Speaker 1>income of folks because they're Nigerian. That's oartake today. Only

2869
02:33:45.000 --> 02:33:47.479
<v Speaker 1>day you will give a clothing and that will take

2870
02:33:47.479 --> 02:33:47.920
<v Speaker 1>it from there.

2871
02:33:48.920 --> 02:33:50.120
<v Speaker 3>Yeah, I just wanted to add.

2872
02:33:51.040 --> 02:33:52.959
<v Speaker 9>So if you look at that domestic.

2873
02:33:56.120 --> 02:33:58.639
<v Speaker 3>If we spend, banks are most of the subscribe as

2874
02:33:58.719 --> 02:34:03.040
<v Speaker 3>well banks investors, So that's maybe probably why they're looking

2875
02:34:03.040 --> 02:34:07.959
<v Speaker 3>at how they can grab with investors and Nigera's and

2876
02:34:09.680 --> 02:34:13.760
<v Speaker 3>that didn't stay past that pleasure. Also can best be

2877
02:34:13.879 --> 02:34:17.959
<v Speaker 3>honest without the cryptal market was not in ex system

2878
02:34:18.760 --> 02:34:21.840
<v Speaker 3>that you are by now we're eating fifty peogle and

2879
02:34:22.159 --> 02:34:26.479
<v Speaker 3>that's bad part possibly, but that the.

2880
02:34:26.559 --> 02:34:31.520
<v Speaker 12>Cryptoal markets is bad market for Africa and to adapt.

2881
02:34:33.040 --> 02:34:37.239
<v Speaker 2>Because when Africa the Central Bank in Africa right, not

2882
02:34:37.440 --> 02:34:37.959
<v Speaker 2>the year.

2883
02:34:37.959 --> 02:34:40.600
<v Speaker 12>Because yeah, because what I said in Africa is because

2884
02:34:41.040 --> 02:34:43.319
<v Speaker 12>our financial system is not.

2885
02:34:44.920 --> 02:34:46.440
<v Speaker 14>Not as integrated as well.

2886
02:34:46.520 --> 02:34:49.040
<v Speaker 15>We see you many you gals don't see it for

2887
02:34:49.120 --> 02:34:49.719
<v Speaker 15>staple coin.

2888
02:34:50.120 --> 02:34:52.280
<v Speaker 3>So for example, you know, if you love before they

2889
02:34:52.319 --> 02:34:56.319
<v Speaker 3>have a UKA, he doesn't know what called you. It

2890
02:34:56.360 --> 02:34:59.120
<v Speaker 3>doesn't really because he has so many options.

2891
02:34:59.520 --> 02:35:03.680
<v Speaker 12>The government pay, whether the accounts they get paid, and

2892
02:35:04.479 --> 02:35:09.360
<v Speaker 12>the black system that's well you know, to to many

2893
02:35:09.959 --> 02:35:14.600
<v Speaker 12>and even in many countries this is illegal. So you

2894
02:35:15.360 --> 02:35:16.479
<v Speaker 12>used USC.

2895
02:35:16.479 --> 02:35:20.120
<v Speaker 3>Because you have let you make the requirements. So I

2896
02:35:20.239 --> 02:35:23.559
<v Speaker 3>think for Africa, prescribed as you are, I think the

2897
02:35:23.639 --> 02:35:28.079
<v Speaker 3>government rather fighting he lost part too. You can engage

2898
02:35:28.399 --> 02:35:29.000
<v Speaker 3>and how can.

2899
02:35:28.959 --> 02:35:35.719
<v Speaker 12>You engage pigain people that understand the liquity business people

2900
02:35:35.840 --> 02:35:39.280
<v Speaker 12>like tons me who they found out money points. You know,

2901
02:35:40.120 --> 02:35:41.319
<v Speaker 12>like I've always said, I.

2902
02:35:41.399 --> 02:35:44.399
<v Speaker 3>Don't know why we do make use of our party program.

2903
02:35:44.680 --> 02:35:47.680
<v Speaker 12>I don't know what we feel because these guys have

2904
02:35:47.840 --> 02:35:49.760
<v Speaker 12>the data, don't the CBF.

2905
02:35:49.840 --> 02:35:52.239
<v Speaker 3>They have the data to be able to say okay,

2906
02:35:52.639 --> 02:35:53.959
<v Speaker 3>but I don't really discuss.

2907
02:35:54.600 --> 02:35:59.200
<v Speaker 12>Why don't because like your really likes to create the

2908
02:35:59.399 --> 02:36:02.520
<v Speaker 12>average man in the Southeast is concerned about commerce.

2909
02:36:03.159 --> 02:36:07.280
<v Speaker 3>You don't We need to really bringing initiatives. We don't

2910
02:36:07.280 --> 02:36:09.719
<v Speaker 3>have any program to encourage entrepreneurship.

2911
02:36:09.959 --> 02:36:13.040
<v Speaker 12>We don't have any problem to encode technical skills. Just

2912
02:36:13.159 --> 02:36:19.959
<v Speaker 12>imagine if the government has engineers like five starting serves

2913
02:36:20.079 --> 02:36:23.879
<v Speaker 12>in its cargo BECALM for free education, free basic education

2914
02:36:24.479 --> 02:36:29.000
<v Speaker 12>and remote learning through different initiatives or these things.

2915
02:36:28.920 --> 02:36:30.959
<v Speaker 3>Would make a different So I think it could go

2916
02:36:31.120 --> 02:36:31.440
<v Speaker 3>to drive.

2917
02:36:31.520 --> 02:36:36.920
<v Speaker 12>Whether you cannot be obed rough and expect the still well,

2918
02:36:37.360 --> 02:36:40.920
<v Speaker 12>we need to start by leader properly, by investing in

2919
02:36:41.040 --> 02:36:47.760
<v Speaker 12>basic education, security, addressing the high invasion that has.

2920
02:36:47.680 --> 02:36:51.600
<v Speaker 3>Really looked like a many coined in inflation at fifty percent,

2921
02:36:51.920 --> 02:36:53.760
<v Speaker 3>it's scary, very scary.

2922
02:36:54.280 --> 02:36:57.799
<v Speaker 12>Bag of rice are over one ten thousand are It's

2923
02:36:57.920 --> 02:36:59.680
<v Speaker 12>not something to be happy about.

2924
02:36:59.719 --> 02:37:03.479
<v Speaker 3>So and a nice space as usual. I hope the

2925
02:37:03.680 --> 02:37:05.319
<v Speaker 3>people that have years resting.

2926
02:37:06.120 --> 02:37:10.760
<v Speaker 12>Like I said, Nagia really needs to reduce the cost

2927
02:37:10.840 --> 02:37:15.440
<v Speaker 12>of exces. We are not Africa, we are not Justies,

2928
02:37:15.719 --> 02:37:17.360
<v Speaker 12>we are not first, We're not UK.

2929
02:37:17.959 --> 02:37:18.799
<v Speaker 7>We are Nigeria.

2930
02:37:19.319 --> 02:37:24.440
<v Speaker 3>Really to other quotes are calling to the size of

2931
02:37:24.559 --> 02:37:25.040
<v Speaker 3>our pocket.

2932
02:37:25.399 --> 02:37:28.000
<v Speaker 2>True and again if they if they want to get

2933
02:37:28.040 --> 02:37:30.520
<v Speaker 2>the retailed dollars, they can just simply do it. Dollars savings,

2934
02:37:30.559 --> 02:37:33.399
<v Speaker 2>But like, like, what do then? IRA, You can simply.

2935
02:37:33.120 --> 02:37:36.760
<v Speaker 1>Say you can bring in fifty dollars and get two percent.

2936
02:37:37.159 --> 02:37:40.000
<v Speaker 1>It's better than keeping the money in America. Servis econ

2937
02:37:40.040 --> 02:37:43.120
<v Speaker 1>America will pay you two percent and people will be can't.

2938
02:37:42.879 --> 02:37:43.799
<v Speaker 2>Even do that, right.

2939
02:37:44.079 --> 02:37:46.479
<v Speaker 1>Lots of folks have one hundred dollars ninety and they

2940
02:37:46.600 --> 02:37:49.319
<v Speaker 1>just have it one hundred dollars dollars.

2941
02:37:49.360 --> 02:37:51.879
<v Speaker 2>They don't need that dollars because they can spend dollars,

2942
02:37:51.959 --> 02:37:52.520
<v Speaker 2>but they're put it in.

2943
02:37:52.600 --> 02:37:57.280
<v Speaker 1>The CBNP can mop up all those loose one dollar

2944
02:37:57.479 --> 02:37:58.079
<v Speaker 1>two dollars.

2945
02:37:58.360 --> 02:37:59.079
<v Speaker 3>Mop it up.

2946
02:37:59.520 --> 02:38:03.840
<v Speaker 1>It's a billion or three billion, it's something. But simply

2947
02:38:03.920 --> 02:38:06.879
<v Speaker 1>say this one, this one they are doing is not

2948
02:38:06.959 --> 02:38:07.440
<v Speaker 1>gonna work.

2949
02:38:07.520 --> 02:38:09.600
<v Speaker 2>That's just my take. So there are many ways they

2950
02:38:09.639 --> 02:38:11.440
<v Speaker 2>can achieve exactly what they.

2951
02:38:11.360 --> 02:38:15.079
<v Speaker 1>Want to achieve and sell increase confidence and both the

2952
02:38:15.159 --> 02:38:19.319
<v Speaker 1>financial system that bring us an ego that is ill advised,

2953
02:38:19.600 --> 02:38:23.319
<v Speaker 1>ill worded, and ill timed. So on that note, guys,

2954
02:38:23.399 --> 02:38:26.280
<v Speaker 1>let's call it today. It's gonna be great weekend or

2955
02:38:26.360 --> 02:38:28.760
<v Speaker 1>great weekday for you guys. Monday comes up next. You

2956
02:38:28.879 --> 02:38:32.319
<v Speaker 1>guys go out there, hustle, make that money, and God's

2957
02:38:32.360 --> 02:38:34.360
<v Speaker 1>gonna be with you guys. Yeah, I see you guys,

2958
02:38:34.520 --> 02:38:35.520
<v Speaker 1>takingod clea of yourselves.

2959
02:38:35.879 --> 02:38:36.440
<v Speaker 2>Keep it safe.

2960
02:38:36.680 --> 02:38:39.040
<v Speaker 1>I see you guys again till next week when we'll

2961
02:38:39.040 --> 02:38:40.920
<v Speaker 1>have on that topic to talk about. We're gonna have

2962
02:38:41.079 --> 02:38:43.760
<v Speaker 1>again our end of year. Don't forget our inter off

2963
02:38:43.760 --> 02:38:46.639
<v Speaker 1>your review and our bellion of your review. We're gonna

2964
02:38:46.639 --> 02:38:48.600
<v Speaker 1>bring in, Hey, what's gonna happen twen twenty five?

2965
02:38:48.959 --> 02:38:51.000
<v Speaker 2>What where should we be looking at? What sectors? How

2966
02:38:51.159 --> 02:38:52.079
<v Speaker 2>we pushing ourselves?

2967
02:38:52.559 --> 02:38:56.000
<v Speaker 1>Also, we're gonna do our financial planning sort of what

2968
02:38:56.079 --> 02:38:58.799
<v Speaker 1>we talk about each year. How you should approach a year,

2969
02:38:58.840 --> 02:39:01.799
<v Speaker 1>the very very basics, how to do a budget, how

2970
02:39:01.920 --> 02:39:04.520
<v Speaker 1>to look at you expecting so you can set yourself up.

2971
02:39:04.879 --> 02:39:08.200
<v Speaker 1>If you can't budgets, bro, you can make money in investments, right.

2972
02:39:08.479 --> 02:39:09.840
<v Speaker 1>If you don't understand how you can.

2973
02:39:09.840 --> 02:39:12.639
<v Speaker 2>Create an emergency fund, you can't go and start buying

2974
02:39:12.760 --> 02:39:15.159
<v Speaker 2>stocks and shares. It doesn't work that way. You're going

2975
02:39:15.200 --> 02:39:17.440
<v Speaker 2>to do the basics then you can move on.

2976
02:39:17.639 --> 02:39:19.280
<v Speaker 1>So I'm going to also do that in the first

2977
02:39:19.399 --> 02:39:21.959
<v Speaker 1>month of January or even end of December, so you

2978
02:39:22.079 --> 02:39:25.520
<v Speaker 1>can yourselves ready for December to hit the ground running.

2979
02:39:25.719 --> 02:39:27.879
<v Speaker 2>So if I Japanese PA's gonna come out where we

2980
02:39:28.000 --> 02:39:30.520
<v Speaker 2>do how you can do your fracial health check.

2981
02:39:30.760 --> 02:39:33.239
<v Speaker 1>I'm also reviewed you into the four and I look

2982
02:39:33.319 --> 02:39:35.879
<v Speaker 1>forward to into the five as well. Stay with us,

2983
02:39:35.920 --> 02:39:38.479
<v Speaker 1>folks were going somewhere. Thank you so much, guys. I

2984
02:39:38.600 --> 02:39:41.239
<v Speaker 1>appreciate you, all to you and in love you. Guys,

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<v Speaker 1>take yourselves and buy