SharkTank:


Afonja wants to cry. Find somewhere private and do it like a man

fulaniHERDSman:
I have always known soludo is a no gooder. Bloody thief

KingsCity:
The SAN is obviously ignorant of the functions of the CBN

Key funtions of the CBN you learn in elementary economics : the CBN is both the banker's bank as well as the lender of last resort


Just like individuals can borrow from commercial banks, banks can borrow from the CBN


It is well within the functions of CBN to lend to commercial banks...it is character assasination to term it stealing as if Soludo collected the money and put it into his own pocket

If at all there is anything like that, the banks that borrowed the money should be asked to pay up with all the accummulated interests!

claremont:
Is it just me who remembers NEEDS 1 and NEEDS 2 policy documents by Soludo?! The problem with successive Nigerian governments is that they are great in theoretical policy proposals, but shite when it comes to sustainability of policies.

Businessideas:

Keep up with your ignorance and obscene mischief.You will soon tell the unbelievable story of how the ordinary CBN Act superceeds the country's national constitution.
It is abundantly clear that this is not about the functions of the CBN but a deliberate criminal attempt by someone to subvert due process in order to placate the 14 banks/suitcase bankers at the expense of the Nigerian people.
If you are a patriot and do not have anything to hide, you should join the call for the speedy recovery of this money with interest instead of playing at mischief.

fulaniHERDSman:

Exactly!
They unnecessarilly get excited over necessary grazing reserves but put their heads in the sand when faced worse fraudulent act. Soludo must be jailed

Businessideas:


Apparently, you didn't read the explanation by Falana and Henry Boyo.
The money was taken from the money held in trust for the nation and if such amount has to be loaned, it requires the approval of the real owners of the money with the constitutional oversight by the national assembly.
Due to this lack of due process, the whereabouts of the $7billion can not be explained
These are private businesses for God's sake, Is it that Soludo "dashed" them $7billion as if it's his father's money? And we're opposing creating grazing reserves for herdsmen because they are private businesses yet no qualms when Soludo stole and illegally shared our $7billion to private businesses?Soludo should have ensured that this money is returned to the federation Account even with interest.
Now both the principal and accrued interest for the past 10 years can not be located yet these 14 banks are not perturbed!!
Terrible things are happening in this country for God's sake. Even by the US standard, $7 billion is a lot of money!!

stsinner:
http://
www.premiumtimesng.com/
news/top-news/211283-7-
billion-why-falana-must-
apologise-to-me-soludo.html
read the above link young man

Businessideas:

The summary is that this money, Soludo and the 14 banks should be investigated. Shikena

connkg:

Wrong summary, businessideas. Like 2n2k explained, Soludo has cleared this up. Falana himself is going on quotes. If Boyo said anything against reserves being saved in consolidated banks, I would like to believe he was expressing his own fears as opinions.
See the clear picture in Soludo's comment. There aren't even two sides to this...just one!

connkg:
Businessideas, is it your understanding that the $7bn is missing?
I do not see so.
Falana's case appears to be the lodgement of the money without what he feels is due process. The money is not incoming revenue, but savings. It is the keeping of 7 of 38 in Nigerian banks and 31 in foreign. If Soludo didn't get the supposed due process for 31, what makes the 7 special?
Again, is it your understanding that the money is missing?