Re: There’s noth­ing like ‘money rit­u­als’

The Punch - - MY NEWS.COM -

and find out those be­hind or­gan har­vest­ing as it is a huge car­tel and we must burst it.

This is a ma­jor as­sign­ment for NAPTIP in col­lab­o­ra­tion with other law en­force­ment agen­cies in 2020.

Be warned, or­gan buy­ers, sell­ers and har­vesters!

em­manuel Nwazue, MCL Tele­vi­sion, umuahia, Abia State: I read Abim­bola Ade­laku’s piece on the above sub­ject, last week, and I to­tally agree with her. Our so­ci­ety, just like the writer pointed out, is one that has its foun­da­tions laid in myths and il­lu­sions that have stood the test of time and some­how made worse by re­li­gion so much so that not even the so-called ed­u­ca­tion in Africa and par­tic­u­larly Nige­ria is able to erase such bo­gus claims as the ‘money rit­u­als’ that have of­ten re­sulted in tragic waste of in­no­cent lives.

Just as we have stepped into the Day 6 of the New Year, so many prayers and pro­nounce­ments were made in dif­fer­ent churches and other places of wor­ship on the pop­u­lar “31st night” pre­ced­ing the New Year’s Day. I bet you that these were not done with­out the men­tion of the almighty ‘un­mer­ited favour’ which has year in year out pushed peo­ple into re­main­ing idle and docile - wait­ing for some money they never worked for.

The year 2019 was rife with al­leged cases of ladies de­prived of their un­der­wears on gun­points by in­di­vid­u­als who ei­ther grad­u­ated from our dif­fer­ent ‘citadels’ of learn­ing or are still stu­dents or just school dropouts who ven­tured into what we have all come to know in its su­perla­tives as ‘Ya­hoo Ya­hoo’, ‘Ya­hoo Plus’ or even ‘Ya­hoo

Ex­tra’. It is strik­ing how such crime as In­ter­net fraud, a prod­uct of ICT,

TAs a re­sponse to a re­port in that mer­chants are not com­ply­ing with the Cen­tral Bank of Nige­ria di­rec­tive on the N50 charge on

Point of Sales trans­ac­tions, just imag­ine this: I run a small re­tail store where I sell bot­tled wa­ter. I buy a pack at N1,000 and sell at N1,100, mean­ing my profit from a cus­tomer that comes in just to buy wa­ter is N100. From this profit, some frac­tion goes for rent, staff salaries, fu­el­ing of gen­er­a­tor, taxes to men­tion a few.

If this cus­tomer pays with the POS and the CBN takes N50, that au­mat­i­cally means that 50% of my profit is lost. Does this make sense? Lawyers may be able to help out here but I doubt that the CBN has

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