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Nairaland Forum / Nairaland / General / Business / CBN Releases Financials Of Seven Years Amid Investigation (15513 Views)
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Re: CBN Releases Financials Of Seven Years Amid Investigation by Kaybaba5(m): 12:45pm On Aug 11, 2023 |
Wayo government |
Re: CBN Releases Financials Of Seven Years Amid Investigation by SmartPolician: 12:46pm On Aug 11, 2023 |
Grit2943: Why are you comparing the CBN with Commercial Banks? I think it's an unfair comparison. 1 Like |
Re: CBN Releases Financials Of Seven Years Amid Investigation by overseasnbeyond: 12:47pm On Aug 11, 2023 |
Re: CBN Releases Financials Of Seven Years Amid Investigation by pharmagba: 12:47pm On Aug 11, 2023 |
incandescentena: I don't see it as Emefiele or not. The issue is institutional. CBN should as a matter of priority ensure all foreign currency enters into the system. The huge foreign currency in the private vaults of bereau de change operators should come out first., then other Nigerian and be tough on the banks especially in regards adherence to monetary policy concerning foreign exchange. CBN should not be a collaborator to defrauding the Nigeria 2 Likes |
Re: CBN Releases Financials Of Seven Years Amid Investigation by Creamypussy(f): 12:48pm On Aug 11, 2023 |
Fxck CBN, can't be trusted. |
Re: CBN Releases Financials Of Seven Years Amid Investigation by Grit2943(m): 12:49pm On Aug 11, 2023 |
SmartPolician:I know one of the reasons why CBN PAT is low is due to a huge part of their income been expended on expenditures. |
Re: CBN Releases Financials Of Seven Years Amid Investigation by PIPSMARSHALL: 12:49pm On Aug 11, 2023 |
BUHARI was the problem. Like the man just went blind on us. Now we can see how these funds are used. Forget corruption now, why is Nigeria borrowing. CBN explain |
Re: CBN Releases Financials Of Seven Years Amid Investigation by BoldBrainz(m): 12:52pm On Aug 11, 2023 |
Grit2943: The abysmal PAT is not even the problem at this point. It is the fact the CBN is owing way more than the profits it declared. Simply put, the apex bank has a deficit balance sheet, if those debts should be settled outright. Just like NNPC in 2022, the CBN equally conducted useless businesses that fetched no profits whatsoever, yet succeeded in incurring debts.. ! |
Re: CBN Releases Financials Of Seven Years Amid Investigation by BoldBrainz(m): 12:54pm On Aug 11, 2023 |
Grit2943: CBN's overhead expenditures is one of the highest amongst institutions in this country. Yet the same bank woke up and saw the need to waste billions of naira on a useless "currency recolouration" policy, in the same year it was running on deficits. Why.. ?? |
Re: CBN Releases Financials Of Seven Years Amid Investigation by frog12: 12:58pm On Aug 11, 2023 |
owing JPMorgan 7 billions US Dollars.... all under Emefiele so this man dey borrow even more money than Buhari. this is gross violation of so many laws and he never revealed anything !!! |
Re: CBN Releases Financials Of Seven Years Amid Investigation by GeneralDae: 1:02pm On Aug 11, 2023 |
frog12:Yet people expect us to keep defending the naira at 460 even with all these. |
Re: CBN Releases Financials Of Seven Years Amid Investigation by ajimo54(m): 1:02pm On Aug 11, 2023 |
Grit2943: CBN na commercial bank? |
Re: CBN Releases Financials Of Seven Years Amid Investigation by frog12: 1:03pm On Aug 11, 2023 |
e be like say, this man don sell CBN to foreigners ! GeneralDae: |
Re: CBN Releases Financials Of Seven Years Amid Investigation by Grit2943(m): 1:04pm On Aug 11, 2023 |
BoldBrainz:You are very right . This situation is very worrisome. |
Re: CBN Releases Financials Of Seven Years Amid Investigation by MichaelSokoto(m): 1:04pm On Aug 11, 2023 |
overseasnbeyond:Baba paste advert & c somtin!
|
Re: CBN Releases Financials Of Seven Years Amid Investigation by Ecardz: 1:04pm On Aug 11, 2023 |
We are available here |
Re: CBN Releases Financials Of Seven Years Amid Investigation by Grit2943(m): 1:04pm On Aug 11, 2023 |
BoldBrainz:Huge misplacement of priority by CBN. Unnecessary expenditure |
Re: CBN Releases Financials Of Seven Years Amid Investigation by Ecardz: 1:05pm On Aug 11, 2023 |
Nigeria is no where to be found 1 Like |
Re: CBN Releases Financials Of Seven Years Amid Investigation by Grit2943(m): 1:06pm On Aug 11, 2023 |
ajimo54:One of the reasons why CBN's PAT is low is due to a huge part of their income been expended on expenditures. |
Re: CBN Releases Financials Of Seven Years Amid Investigation by frog12: 1:06pm On Aug 11, 2023 |
when you get morons as Legislators, what do you expect? even CBN go borrow pass Buhari |
Re: CBN Releases Financials Of Seven Years Amid Investigation by frog12: 1:07pm On Aug 11, 2023 |
e be like say, Emefiele don run the CBN into big waste factory. big mismanagement Grit2943: |
Re: CBN Releases Financials Of Seven Years Amid Investigation by Abagworo(m): 1:09pm On Aug 11, 2023 |
CBN is under the control of Presidency so it's of no use pretending about what happened. Buhari tried with regards to challenges faced by the country from deliberate cutting of oil pipelines on his assumption of office to expensive war on terrorism to global fall in oil prices and then COVID-19 . Nigeria tried in surviving all those but presently we face less of those challenges and yet suffering has doubled in 3 months. |
Re: CBN Releases Financials Of Seven Years Amid Investigation by Validated: 1:12pm On Aug 11, 2023 |
incandescentena: God bless Emefiele for holding the economy from collapse since 2016 Since Tinubu appointed his town people 2 months ago, the economy is in tatters 1 Like |
Re: CBN Releases Financials Of Seven Years Amid Investigation by lexy2014: 1:17pm On Aug 11, 2023 |
Grit2943: How much tax should CBN declare as profit and why should it declare more profit than commercial banks? |
Re: CBN Releases Financials Of Seven Years Amid Investigation by frog12: 1:19pm On Aug 11, 2023 |
because of people like you these leader fool everyone. Emefiele was seriously mismanaging the CBN Validated: 1 Like |
Re: CBN Releases Financials Of Seven Years Amid Investigation by BreconHills(m): 1:34pm On Aug 11, 2023 |
Grit2943: What's shameful about it? Does the CBN pay dividends to shareholders? |
Re: CBN Releases Financials Of Seven Years Amid Investigation by wirinet(m): 1:38pm On Aug 11, 2023 |
GeneralDae:To me the problem is not defending the Naira, after all China and Japan still defend their currency. The elephant in the room everyone decide to be blind to is corruption. Its corruption thar made CBN not to declare its financial report for 8 years, its corruption that have made NNPC not to have declared their financial report till date. It was corruption that destroyed the subsidy regime. I have never understood the subsidy regime though. NNPC ,who was the only importer of petrol says it does crude swap deals with partners, but at the same time they say they pay subsidy. So who were they paying subsidies to? Instead of Tinubu to kill the elephant in the room, he decided to go after the ants because they are a softer target. 1 Like |
Re: CBN Releases Financials Of Seven Years Amid Investigation by otipoju(m): 1:41pm On Aug 11, 2023 |
Frizz001: It is good that we witnessed that man. The hype about his so called integrity was a huge delusion. The man who will always assure us that he was never aware of anything. |
Re: CBN Releases Financials Of Seven Years Amid Investigation by teepain: 1:46pm On Aug 11, 2023 |
Eriokanmi: Which reputable economists warned him against floating the Naira? Please give me links I will like to read their perspectives! |
Re: CBN Releases Financials Of Seven Years Amid Investigation by Steinmann: 1:47pm On Aug 11, 2023 |
#DAY 75 (STOLEN MANDATE) PRAYER: Lord give the election tribunal the fortitude to uphold the truth. Give them the moral backbone to resist any coercion or inducement. Lord above all give them the wisdom to pronouns a just decision no matter whose ox is gored. Amen 1 Like |
Re: CBN Releases Financials Of Seven Years Amid Investigation by Abifarin16: 2:01pm On Aug 11, 2023 |
Grit2943:While they have debts running into trillions. CBN is a failed business, they should Wind Up If possible. |
Re: CBN Releases Financials Of Seven Years Amid Investigation by frog12: 2:06pm On Aug 11, 2023 |
this is troubling. even this report tells me Emefiele was seriously mismanaging the place MT: |
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