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CBN Donates N500m For Renovation Of Secondary School In Gombe - Politics - Nairaland

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CBN Donates N500m For Renovation Of Secondary School In Gombe by canuck(m): 5:42pm On Aug 12, 2013
CBN Donates N500m for Renovation of Secondary School

In fulfillment of the pledge made earlier this year, the Central Bank of Nigeria, CBN, has donated N500 million for the renovation of Dukku Community Science Secondary School in Dukku Local Government Area of Gombe State.

CBN governor, Sanusi Lamido Sanusi made the pledged February this year when he visited the palace of the Emir of Dukku, Alhaji Haruna Rasheed II to congratulate him on his turbanning as the Emir of Dukku.

A statement signed and made available to the press by the media officer of Dukku Local Government Council, Kabiru Muhammad, indicates that the CBN letter of renovation of the school was presented to the Emir by Suleiman Kumo Muhammad.

It also indicates that the CBN would be sending its consultant to monitor the renovation project from start to finish.

In his remark, the Emir of Dukku, Alhaji Haruna Rasheed II appreciated the initiative of the CBN governor and for initiating good programmes across the country.

Also appreciating the gesture, chairman of the local government, Alhaji Umar Ladan advised the people to always support and respect their leaders in any aspect of life.

On the Subsidy Reinvestment and Empowerment Programme, SURE – P, projects in his area, the chairman applauded the federal and state governments for giving them the free hand to execute projects which have direct impact on the lives of the people.

He expressed satisfaction over the projects which he said had attained 85 percent completion but urged the various contractors to speed up work in order to complete them in good time.

Among the various projects are rural electrification, health centres, renovation of primary school blocks, staff quarters and drainages.

Alhaji Haruna Rasheed II was a staff of the Central Bank of Nigeria but resigned to sit on the traditional stool.
Re: CBN Donates N500m For Renovation Of Secondary School In Gombe by canuck(m): 5:45pm On Aug 12, 2013
What has the CBN Governor to do with donating the organization's half a billion Naira to a SCHOOL?!!!!!

If this is not an abuse of office, I don't know what is.

Is funding of education part of the charter of a central bank?
Re: CBN Donates N500m For Renovation Of Secondary School In Gombe by IGBOSON1: 6:03pm On Aug 12, 2013
But you've got to hand it to him.....dude doesn't give a shi/t for the whispering and grumbling that's bound to follow this action of his, and i say good on him for that! If it's illegal, sue him!!
Re: CBN Donates N500m For Renovation Of Secondary School In Gombe by canuck(m): 6:12pm On Aug 12, 2013
^^^ So, a flagrant disregard for repercussions of unethical, illegal and self-serving decisions is something to be celebrated?

I bow for Nigeria o!!!

For your information, below is what the CBN should use it's funds for:

"The CBN Act of 2007 of the Federal Republic of Nigeria charges the Bank with the overall control and administration of the monetary and financial sector policies of the Federal Government.

The objects of the CBN are as follows:

1.ensure monetary and price stability;
2.issue legal tender currency in Nigeria;
3.maintain external reserves to safeguard the international value of the legal tender currency;
4.promote a sound financial system in Nigeria; and
5.act as Banker and provide economic and financial advice to the Federal Government."

http://www.cenbank.org/AboutCBN/

Wetin concern CBN with N500 Million to GOMBE Secondary School?!
Re: CBN Donates N500m For Renovation Of Secondary School In Gombe by gramci: 6:39pm On Aug 12, 2013
The 37th Governor of Nigeria
Re: CBN Donates N500m For Renovation Of Secondary School In Gombe by canuck(m): 3:14pm On Aug 13, 2013
^^^Emir of Kano, more likely - Gunning to be like his grandfather, a former Emir of Kano.

However, he should do it on his own dime, not by misappropriating CBN's funds for personal benefits!

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