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Nairaland Forum / Nairaland / General / Politics / ‘CBN Did Not Enter Into Any Trade Agreement With Zamfara’ (298 Views)
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‘CBN Did Not Enter Into Any Trade Agreement With Zamfara’ by Blue3k(m): 5:05pm On Oct 18, 2020 |
The Zamfara State government has denied claims of trading in gold with the Central Bank of Nigeria, as well as owning the resources deposit in the state. Source: https://www.premiumtimesng.com/regional/nnorth-east/420786-cbn-did-not-enter-into-any-trade-agreement-with-zamfara-matawalle.html Front page: lalasticlala mynd44 |
Re: ‘CBN Did Not Enter Into Any Trade Agreement With Zamfara’ by 2by40ft: 5:11pm On Oct 18, 2020 |
Always wondering if the so-called Educated study ignorance in school or just using the fake news to mislead the gullables? |
Re: ‘CBN Did Not Enter Into Any Trade Agreement With Zamfara’ by AsiwajuNdigbo: 5:13pm On Oct 18, 2020 |
They are crazy to think they can lie in our face and we will accept the franttic effort to hide truth.
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Re: ‘CBN Did Not Enter Into Any Trade Agreement With Zamfara’ by CodeTemplar: 5:46pm On Oct 18, 2020 |
damage control? |
Re: ‘CBN Did Not Enter Into Any Trade Agreement With Zamfara’ by eddynaira125: 5:50pm On Oct 18, 2020 |
Which of the Niger Delta State do but crude oil from NNPC, North your end has come |
Re: ‘CBN Did Not Enter Into Any Trade Agreement With Zamfara’ by Fahdiga(m): 5:54pm On Oct 18, 2020 |
Tissue of lies. because you have been caught that's why you are coming up with this garbage. we are not fools |
Re: ‘CBN Did Not Enter Into Any Trade Agreement With Zamfara’ by Blue3k(m): 6:52pm On Oct 18, 2020 |
Citing section 1(4) of the CBN Act, 2007, the lawyer said the law permits the bank to acquire, hold and dispose of movable and immovable property does not extend to engaging in a business venture such as the purchase of gold. Why would the CBN not be allowed to purchase gold when it's part of it reserves? That doesn't make sense to me. How did it increase it's reserves before. Mr Baffa explained that “The fact is that the CBN, just like in Agriculture, is willing to invest in mining as part of an anchor-borrowers scheme where the apex Bank will invest the said amount for the state Government to supply it with the gold as a proceed of the investment. So the CBN lent you cash and wants gold as payment? This CBN needs to be transparent and emplain it actions futher. 1 Like |
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