Tuesday 21 March 2017

The Untold Story: Why South Africans Hate Nigerians By Enitiolorunda Abiola-Idris

Why Nigerians Travel To South Africa?
What South Africa is to Nigeria is what America represents to many across the world.
A land of opportunity. When gold was discovered in Johannesburg, South Africa in 1886, it was being mined by men from a dozen of African nations.

Today , Madiba's country is a magnet for Congolese, Ethiopians, Malawians, Mozambicans, Nigerians, Somalis, Zimbabweans and others fleeing conflict or seeking to improve their lives.

However, the recent wave of xenophobia attack on fellow Africans including Nigerians has tarnished the image and fueled resentment among those who accuse Madiba's countrymen of arrogant exceptionalism that resents its fellow Africans.

Chris, 36 , a security guard from  Nigeria had this to say  "I chose South Africa because the living conditions are better than any other country
 Its a shock for me that its not the democratic country i envisaged
 I am disappointed than an African brother can do this to his fellow African brother, this depicts hatred in the heart of South African's
Adding that, some men gathered and said he is a Nigerian, get him and stab him, these are men i have known for some years now, they pursued me and stabbed me on my back, taking my phones and the little money i had left for survival
In the middle of the night, i heard my neighbors been tortured, screaming and running for their lives.
They even hit some of them with a hammer and said you must pack your things and leave"


What Are The Forms Of Xenophobic Attack?
1.Physical Violence
2.Business Location Vandalization
3.Home Vandalization
4.Extortion

 How Hate Attack On Nigerians Began

Again, South Africa's xenophobic attack hit Nigerians.
Having started at Durban, in February, 2017, later spread to Johannesburg.
A large number  of houses and businesses that belonged to Nigerians were vandalized.
Its note worthy to state that  quite a number of Nigerians have been stabbed, beaten, injured, molested by South African's who accuse Nigerians of taking their jobs and their women.


Untold Story:  Real Reasons Nigerians Are Being Attacked In Madiba's Country

1. Morbid hatred and jealousy for Nigerians- South Africans harbor morbid hatred for Nigerians,simply because the latter are doing better than them.
Naija's as fondly called are by default very aggressive , highly committed to their businesses, hence they succeed.

2. Lack of education/skills/training-  History has it that the government sponsored apartheid regime was designed to keep the black South African's at the lower cadre of the social order.
Apart from being deterred from parity with the white's in their homeland, the black's could not access basic social amenities like education, their lack of education during the apartheid era suffered their generation to be unable to rub shoulder's and stay relevant in a post apartheid society.
This explains why many South African's are uneducated and jobless, however, frustration has turned into hatred towards other African's whom they accuse of taking their low cadre jobs.

3. Nigerian fraudsters & South African Women-  It is note worthy to mention that 85% of Nigerian guys in South Africa are fraudsters.
However they make so much money, buy expensive cars, drinks, live large to the extent of having 2-3 South African married women in their abode turned brothel.
 These women leave their husbands, boyfriends, fiances for Nigerian scammers who spend so much money on them, while their South African husband remain sex starved.

4. South African men are lazy & irresponsible- Its in South Africa, i saw a woman take care of the family, the man who is suppose to be the head of the family is not working, is referred to as a "local"  extorts money, phones from people at night and then sell it, use the money to get high, sleep on the road side,hence the ladies opt for rich Nigerian guys.

5. Cheap labor- It is a known fact that the menial jobs belongs to black South African's because they have no education, yet  Nigerian's still apply for those menial jobs because they do not have the required papers to get decent jobs.
 Jobs that  pay  100 rand per week will be  given to a Nigerian who is ready to  take a token of 45 rand or less because they do not have papers to get white collar jobs.

Its quite disheartening to hear that Zulu King was quoted to have said that Nigerians should pack their bags and leave now.

Friday 17 March 2017

The $100 Domiciliary Account Saga

Its a known fact that in Nigeria to open a domiciliary account of any kind requires foreign exchange.

To open a dollar domiciliary account requires a $100 note and the same applies to pounds and  euro.

Despite the fact that the federal govt pumped millions of dollars into the market to sustain liquidity of dollars in the inter-bank foreign exchange market, commercial banks still ask its customers to patronize parallel markets for dollar notes to open domiciliary accounts when they can collect its equivalent in naira and credit the  domiciliary account .

In what way will this policy stabilize the foreign exchange market?


Why Shouldn't Diamond Bank's Integrity Be Questioned?

Some years ago , Diamond Bank Plc launched a product called HIDA account which denotes "High Interest Deposit Account" with the purpose of  encouraging people to save money for a project  with a minimum balance of #100000(ONE HUNDRED THOUSAND NAIRA).

The most interesting feature of this product was its "USP" which gave people the opportunity to save towards a project , get high interest rate, withdraw from their respective accounts anytime they deem fit.

On, March 13 2017, the aforementioned bank sent a mail to its customers that the rule has changed adding that HIDA account holders would no longer be able to withdraw from their accounts anymore also only transfer to other Diamond Bank accounts can be made twice a month.

This decision of the bank led to a  pandemonium  in the Ogba branch of Diamond Bank.

I understand that the said bank must have requested for the approval of this so called policy change
from the Central Bank of Nigeria but the truth about the matter is that the CBN needs to take a deep look at this so called policy change that lacks integrity.