The inflation in the oil market is as a result of the lack of regulation. There are no regulatory bodies to check the actions of marketers and oil suppliers. It is possible for a person to make over 500 million Naira in profit as a result of hike in price created by artificial scarcity. There are personnels in governments that are also involved in the scam. So the corruption runs deep. If you check the Nigerian banking sector it is filled with some of the most corrupt individuals. Some of these people (bankers) are in liaison with politicians in order to perpetrate financial crimes.
The scarcity created by these people is being done so that some persons can take advantage and make more money, it's about making more money at the expense of the comfort and Civic rights of some other people.
The common people are the recipients of these crimes.
You are viewing a single comment's thread from:
I can understand how some people in Government will try to cause scarcity for their own benefit. It sounds a bit like what some people thought the case of Luna was. That the crash was at some point masterminded by SBF and the LUNA group to take advantage of the already happening drama. In this case, the common people are the investors who put their faith and money in the hands of SBF and Team.