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SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) - Politics - Nairaland

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SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) by citizen1111: 1:30pm On Jul 09, 2015
Nigerians obviously do not have any chill and its affecting them.We have been so used to the corrupt system of governance that we do not know the proper way of handling things anymore,that's the more reason they are rushing the current President to Perform Magic.But the truth of the matter is that there has been a lot of rot in the system which is systematically being checkmated and fixed and it will take gradual process.



For example after complaint by the then former governor of CBN,Former President Goodluck Jonathan appointed Godwin Emefiele, who is the managing director of Zenith Bank, as the new governor of Central Bank.This said man has been clueless in leading CBN.

The Central Bank of Nigeria under the leadership of Godwin Emefiele last week disclosed that it spent over 290billion Naira for its over heads, salaries, traveling,estacodes and operations in 2014.

On Average the CBN spends 800million daily without appropriation by the National Assembly.

The amount the CBN spends is bigger than the amount spent by the Presidency, the Senate and the House of Representatives and the National security Office,combined.
The CBN Governor was alleged to have paid bribes of $1million to each senator for his confirmation- from the proceeds of the $20Billion missing funds lodged with Zenith Bank while he was Managing Director.

The Governor donated was the Highest donor of 60billion Naira to the PDP campaign for 2015 elections:
The Governor single handedly approved 20Billion naira real sector support to his chairmans company Jim Ovias petrochemical refinery without Board Approval against a single obligor limit of 10Billion.

The Governor recently devalued the Naira and the surplus funds from the exchange rate gain in excess of 500Billion was kept in the CBN balance sheet and for Bank sterilization instead of paying it to the federation Account for sharing, no wonder the federal and states governments can't pay salaries inspire of surplus Naira gained from devaluation.

The Market has completely lost confidence on Emefiele clueless leadership.
He has created a bubble in interest rates and work with the banks and his mentor to manipulate the bond market and the exchange rate through a complicated system of forward rate pricing.

The only beneficiaries are the Banks and the CBN which is declaring surplus profits at a time the economy is bleeding-
The EFCC, ICPC , DSS and the presidency should quickly intervene and unearth the massive corruption and currency manipulation going on at the CBN..they recently sacked the chief trader hired from America who raised a memo to question this unhealthy practice

Nigeria is in for a big trouble and unless our youths chill and wait for President Buhari to gradually step in for governance,we might rush things and not benefit.

Nigerians have forgotten that there is a change of government,and this change of government is not from same government to same government but from one government to another and if it was same government to same government,lets say Bleep to Bleep,it would be easier to continue ruling as any discrepancies would not be let out or over ruled,but when a government is being changed from Bleep to YYY,there would need to be over haul especially when there are right thinking individuals in the YYY,we are humans,it is barely 5 weeks to this government and positivity will set in gradually,lets be careful in our choice of words,you don't know the real governance and that's why we decide to rush into decisions and asking the president to rush into actions,wait until you are able to know what governance is.

Appointing ministers is not a problem at all but we can remember the hand over note saga,when it was handed over,there was barely enough time to study what has been done so far by those ministries and ascertain who and who would take over the running of those ministries to what is expected,we cant forget also how the elections was moved from February 4 to march 28 just two months to handover and failure of the out-gone government to brief them, ahead of a formal transfer of power on May 29.I don't think any rightful thinking president will rush into decisions receiving reports that late.

Lets not forget our Army who refused to receive military orders to fight due to the lack of ammunition to fight as they considered fighting at that point to be suicidal,like putting your life in the line when a common sect has more weaponry than the Nigerian Army,you don't expect a right thinking President to engage hastily in fights without first making the foundation getting the necessary intelligence and weapons to combat this SECT to a halt.There has been rapid progress and very soon,Nigerians will settle in to a more reformed Nigeria and right thinking individuals,I might not benefit but majority of Nigerians Will..Lets CHILL for CHANGE

1 Like

Re: SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) by bobbiekrantz: 1:32pm On Jul 09, 2015
idiots everywhere..

2 Likes

Re: SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) by tucky200(m): 1:36pm On Jul 09, 2015
bobbiekrantz:
idiots everywhere..
Yeah, like u right

1 Like

Re: SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) by OJUELEGBA1: 1:39pm On Jul 09, 2015
LOL
Re: SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) by bobbiekrantz: 1:43pm On Jul 09, 2015
[quote author=tucky200 post=35665864]
Yeah, like u right[/quote


I don't reply raped ducks.. grin

1 Like

Re: SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) by jaybee3(m): 1:45pm On Jul 09, 2015
Source pls
Re: SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) by Ecoplexus: 1:53pm On Jul 09, 2015
Sanusi donated 500 million naira from CBN purse during his tenure; this is a clear Igboman witchhunt.
Re: SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) by Myself2(m): 2:01pm On Jul 09, 2015
@OP

Na thunder go fire you and all the other haters of Ndi igbo, all your plots to smear Emefiele name to engender his ouster will suffer calamitous miscarriage
Re: SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) by GabrielSuswam(m): 2:03pm On Jul 09, 2015
Emiefele should pls pay all pensioners their harmonisation benefits
Re: SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) by Myself2(m): 5:00pm On Jul 10, 2015
GabrielSuswam:
Emiefele should pls pay all pensioners their harmonisation benefits

You nko?why did you use govt money to buy 22 cars for your four wives

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