₦airaland Forum

kings4sera:
Oluboh your name looks like an Ayere Ijumu Name.
Koni da fun e
God will pinish you for supporting thieving Yahaya Bello.They initially claimed it was false so why return money that doesn't exist?

Alphafeezay:
EFCC goofed, that's why they withdrew the case

sholatech:
Interesting.

Still want to know maybe EFCC has some pointers:

The funds were kept at Sterling bank account for many years, unused by the State Government in a Fixed deposit Account yielding interest. Who was benefiting from the interest yielded in the account? Was it going to a personal account of a Top Government Official?

Oluboh:
Someone dropped this, and it actually clears the air a great deal. ���

There is no balance that would be returned to CBN.

"it is a face saving statement from EFCC".

For the benefit of those that would want to know let me try to state some fact about the whole saga...

Unlike what EFCC claimed, the loan wasn't from Sterling Bank but a bailout loan from CBN (not a single commercial bank in Nigeria will give an entity a loan @ 9% interest).

As we all know CBN does not give loan directly, they usually use DMBs for such facilities, and Sterling Bank was chosen for this particular facility in 2019 with the following details;

1. CBN request SB to give KGSG 20billion and monitor utilisation, meaning all the loan will be disbursed from SB.

SB opens 3 accounts not necessarily at the same time.

SB disbursed 20B loan into the 1st account opened for KGSG.

KGSG instructs SB to open a "Bailout Salary Account" and the 20B is moved into this.

KGSG profiled the salary account on Remita platform, it's payment gateway.

KGSG proceeded to disburse the funds from the salary account directly into beneficiaries account in various banks.

For the second account opened by SB, as is the procedure in similar transactions, CBN paid 20B into this account as a kind of collateral should the state become insolvent or unable to pay for whatever reason.

The 3rd account SB opened was for managing the loan facility repayment, as is the practice in banking industry.

Facts That Checks

A) Before EFCC rushed to court when they got "inside info" they neither contacted KGSG or SB for proper information gathering or investigation .

b) EFCC only approached the bank, SB and KGSG only after the court judgment.

c) EFCC requested for and got all the payments reports that shows complete details of payment made from the funding account to beneficiaries accounts including details of the beneficiaries and time stamped from Remita platform.

d) All these reports can easily be verified through either the beneficiaries or through the various beneficiary banks.

e) Of course verification by EFCC confirms that the said 20B was judiciously utilised as agreed.

Lastly the 20B paid to SB as collateral (now 19.3B) would be returned to CBN in tranches dictated by the loan facility repayment by KGSG until the loan is liquidated.

I hope my clarification above would help in whatever measures clear some grey areas.

It's obvious that EFCC only succeded in exposing their inefficiencies and lack of due diligence.

SmartPolician:
Here comes a country that loves its people.

The federal ministry of information should at least pretend to love us by issuing advisory to Nigerians living in the country and elsewhere in the world once in a while.

For Christ's sake, Lai Mohammed is not just paid to lie.

Ototuz:
All this people carrying family matter to social media.

Aunty Pero, typed "#unbothered", yet She brought the issue to social media. If She was truly unbothered, She would have kept quiet.

SocialJustice:
Pero fine sha

franudi:
So the politics of bitterness is in Yoruba land also? So where is the sophistication?

Terrier99:
When Bianca wanted to contest Senate seat in Anambra, Igbos chased her off. They reminded her that she's a wawa from Enugu and she should go back to Enugu to contest. That is the wife of Ojukwu treated like a stray dog.

Last time, Uzodinma nearly slapped a fellow Governor because they didn't allow Uzodinma carry his Armoured car inside the other Governor's house.
You people play the most divisive and primitive kind of politics and it's always entertaining watch you baboons fight yourselves.

baby124:
The director of NCAA needs to be sacked if this is his solution. Why destroy assets. Is the person mad?

adajid209:
Be calming down bro, some one can not play with you?

adajid209:
OP make I no lie you almost 5 years back. Butterfly them don japa from 9ja

Bola146:
How many times have they warned people not to receive calls while calling

Michael662:
This life..nothing dey inside. Try your best to please God. If you can't advice others about the advantages of pleasing God

awesonjr:
only be say him own get class e dey mingle with celebrity

Gunboysavage:
Everyone in this country is just mad anyhow.
Fuckkk EFCC!
Fuckkk the Government!
Fuckkk Naira-landers!
Fuckkk the presidency!
Fuckkk slawormiir!
Fuckkk SmellySperm! grin
Fuckkk everybody!
Infact, Fuckkk myself!

Jashub:
Yahaya Bello is really killing people in Kogi . Just imagine the level of wickedness this man carries out on his own people .

PeaceJoyLove:
Let Facebook mess up like Twitter, just one blow will knock it out. And all these grammar you are blowing will be like dreams. Donyou know what people said about Twitter that govt cannot ban it? And today, what has happened?

Do you know how govt has been checking crypto? Oga, let us be sincere, who moves money abroad from Nigeria? If you allow me analysed this issue for you...eh..you go just dey look. Who uses crypto? Why did govt ban crypto. You should know na. If you know how much politician and civil servants are embezzling daily..mehn! So, these same people cannot use crypto again...and Fluttereave wants to partner with paypal. See eh! I know this is going south before they even start. Forget it. The way PayPal will clamp it down when Nigerians start laundering with it. When FG starts bombarding Paypay and then starts running after Flutterwave.

How much is in Nigeria legally sef that they are talking of 3 billion dollars? Ok ooo. Make we dey see. When govt wants all dollars pass through them so they wont manipulate it again?

Na person wey no understand or wey no get sense will rush into this. Let me be honest with you...Flutterwave is about to make govt clamp down all means of e commerce. Mark this post. Na money laundering they are gonna do more. Where is the money? Show me? Wetin dey out economy now?

It's time I checked out of Naija before it gets too late. I can see danger ahead.

PeaceJoyLove:
Go and ask how CBN has stopped them many times. And if CBN stopped Crypto which is unregulated, how much more fluttave vehicles. Dey deceive yourself. Believe this $3 billion at your peril. Dont say I havent told you.

Haryour12:
Buhari through CBN would have killed this tech company with their many nonsensical policies but God pass them

adefitim:
The world is for the deep thinkers

udemzeus:
You no go see north here oo