CBN borrowed $13.8 Billion from U.S Banks (JP Morgan & Goldman Sachs).

Buhari and Emefiele “secretly” used Nigeria’s Foreign Reserve as Collateral. They printed N32 trillion in Ways & Means as well.

Both men sabotaged Nigeria’s Sovereignty, they wrecked the Naira and your Economy.

Do you realize the magnitude of this Economic Sabotage?

Your Foreign Reserve was $33 billion in July 2023.
Debit is $13.8 billion from this CBN managed asset.

What do you have left?

If you pay off the debt, Nigeria will be left with less than $20 billion for a 200 million population.

A quick breakdown of the Debt:

$7 billion to JP Morgan Chase, & $500 million to Goldman Sachs under a “Classified Securities Lending.” $6.3 billion exposure to Foreign Currency Forwards.

“Foreign Currency Forwards” are CBN’s obligations to foreign investors.

Obasanjo grew your Foreign Reserve from $5.4 billion in 1999, to $51.3 billion by 2007. He cleared your Foreign debts as well.

Buhari has sank Nigeria back into humongous debt.

May God help President Bola Tinubu to succeed in his quest towards economic recovery.

This was the same attitude we condoned under Buhari, blaming Jonathan all through for his mishaps till we got down here.
I do pray Tinubu success and know for sure it won't he an easy ride to recover the economy, but then again, he should cut us some slacks and get to work.
I don't believe nothing can be done towards this dangerous trend, especially now that subsidy has been gone and our fuel importation has dropped by over 30%

We already know that. Let Tinubu perform or ...

They will come out to blame PDP’s 16 years reign for this.

This revelations are pointers to the fact that the blame game Buhari used in his 8 years reign was a coverup for his incompetence.

More to come.

May Buhari never happen to us again.