Wainey: the central bank is independent, the money in the bank is not ur money. The govt will put in some cash so in times of crisis, it can help the govt but the CBN operates independently to some degree
You are ignorant of CBN roles and responsibilities.
Wainey: People's personal transactions with banks can't be disclosed to a third person except a court of competent jurisdiction says so. CBN has no right to reveal dealings with Dangote to the general public
CBN used to publish all the forex transactions it sold to individuals and corporations under Mohammed Sanusi. That changed when Godwin Emefiele became CBN Governor he ran a fantastically corrupt and opaque system.
We don't know how many under hand dealing Emefiele did and the accompanying round tripping and forex fraud that resulted in that.
Mohammed Sanusi was fervently against selling dollars at discount because it resulted in overnight billionaires who could get dollars for N200 and go to black market and sell it for N1500.
Wainey: the central bank is independent, the money in the bank is not ur money. The govt will put in some cash so in times of crisis, it can help the govt but the CBN operates independently to some degree
Money paid from taxes. CBN is entrusted with managing Nigeria money obtained from citizens.
Bigkoko: Ehen I talk am. This mumu go still find way begin dey shout grievingory.....like small craze. But I tell you, even the most maddest mad men dey rest during raining season, but this werey no gree rest!
No be PO say make Asiwaju be US sanctioned drug offender.
No be PO say make Dapp be US convict for fraud.
No be Bigkoko say make you dey shout grievingory up & down like person wey them spiritually mined he 💀 skull!
Cooking Stats and deception can only carry people just fst before ditching them....
The Chinese company is even kind, imagine when their lawyers put it to the court that international criminals are running Nigeria and goes on to dig out documents from US archive!
loswhite: Where are the I love Chinese and Russian crew…lol. They always call the west evil and they sing the praises of china…lol. How can a sane human being think Chinese or Russia as world power is better than the west?
Let Nigeria default on our debt. By the time they sieze oil blocks, tankers,physical and liquid assets abroad and airports Nigerians eyes go clear.
Wainey: Dangote borrowed that money along time ago, so yes him deh pay small small since, also the refinery was partly funded by CBN and also partly by Dangotes group of companies, he didn't borrow the entire capital from CBN. As a billionaire in dollarz, he has enough cash flow to repay his debt.
How much was borrowed and how much was paid. At which rate was the dollars sold?
When did CBN turn to a commercial bank providing loans to private individuals?
I challenge the CBN, Emefiele, Buhari, APC to make public the dollar dealings Dangote raped the country off in building his refinery
If a private individual can have such opaque financial transactions running into billions in foreign currencies, would the country not bleed from behind ? Dangote has been gay-raping Nigeria brutally without any mercy nor any desire to stop, yet some minions want to carry and hand him the oil sector.
If Dangotes dollar dealings of the robbery of the nations foreign reserve is completely hidden, then how can Nigerians expect any sane honest benefits from dealing with such a financial criminal?
Bode George though no saint himself did raise alarm about CBN providing loans to Dangote under opaque circumstances and the forex fraud and round tripping that goes with provided dollars at discounted rate.
He continued: “What they have done to this nation, they must all be invited for discussions because the rottenness started from them and it has been going on for years but it has exploded.”
Regarding the former CBN Governor, Emefiele, providing loans to multiple individuals like Dangote, he remarked; “Have you ever seen any Central Bank of any country giving personal loan to individuals? are we mad? you turned the Central Bank to a commercial bank, the central bank that is meant for fiscal and monetary policy, and he had the temerity to say he wants to contest for president because he has stolen so much money.”
How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid?
Emefiele claimed Dangote had repaid 70% back? The question is 70% of what amount.
And how could 70% have been paid back when the refinery was not yet to complete and yet TO refine a single drop of oil at the time he made the statement. We have now found out about Emefiele mismanagement at CBN and how he ran the institution with with reckless abandon, massive corruption and circumvented CBN rules.
Jlow2: so what yardstick do you want us To use in measuring apc, obj cleared Nigerian debt,it did not come free , he paid some substantial amount and the rest was cleared, that was pdp, when gej left office in 2015 our debt was less than 15billion dollars that was pdp, by 2023 when apc buhari left office it was over 50billion dollars, the railway from Abj -kd was left by gej in 2015 at 85% completion, re our roads better since apc came to power, travel from Abj -south south tgis rainy season you will cry, go to east -west road tgis rainy season u will weep, travel from north through benue -otukpo-enugu , you will believe it’s Nigeria,what is our gdp now and what was our gdp in 2014, what is our gdp per capita now and what was our gdp per capita in 2014, a minimum wage in 2014 could buy you 2bags of foreign rice , but in 2024 of apc minimum wage can not buy you a bag of rice, these re simple micro or macro economics as the case may be, it’s unfortunate you re intrested in big grammar policies which ends on the table, governance is what affects the pple and their lives after you big grammars and policies in asorock, the result and testimony of the people is what your government looks like, apc has failed woefully, now tinubu has turned Nigerians to beggars, you complain of minimum wage he shares rice, you complain of high electricity tariffs he shares rice, pple protest he shares rice,this same man devalued naira by almost 350% 1million of 2023january in now worth 300k in 2024, good policies give hope because you feel it and have hope, the new president of Brazil came to power last year their economy was in shambles , the first thing he did was to bring down the cost of governance and reduce inflation by almost 30% from its current state, he never flew a private jet, he was on commercial planes, but here tinubu gifted himself a 100m dollar jet, despite the outcry and hunger on the land, it unfortunate apc is a catastrophe and dnt mean well for this country, there is no democratic country which a candidate became president with 38% vote, even small Liberia is teaching us that you needed a rerun to at least have 50% vote, , it’s more unfortunate I share space with elements like you, because you can’t defend apc without looking stupid.
Racoon: I will asked that Peter Obi surrender himself for investigation as he done before while the EFCC, ICPC, NFIU, NPF all doing their discrete investigations again and let the law takes it course.
He needs to account for where the money came from.
jaxxy: U don't have a working refinery national or private and someone built one with his own money. The largest in africa and u say we shouldn't give him crude because we want to keep criminal fuel importer cabals running a subsidy scam happy at the expense of the country and its people?
Are u OK?
Nigeria government through CBN governor Emefiele who is now under trial for corruption helped him build the refinery and we are not sure of the exact billions contributed.
Believeintruth: Dangote's over confidence that he can sustain the rigged game of government favor, rather became his archiles heel. Normally a private businessman who wants to venture into the world of oil refining and is building a refinery of that size, has to as early as 2 years into the building of the refinery, sort out purchase contracts/agreements with oil companies or countries, but he didn't do that, it could be but to being naive about the industry.
Used to exclusive rights and unfair advantages from corrupt military dictators and corrupt civilian leaders as attested to by Forbes.
cyrusmillz: You didn't include the owner of the Malta refinery ni ? The one who exports our crude oil , refines it from his refinery and imports it back to us and pays himself subsidy. What a godfearing kind hearted man. I believe he deserves to be up on that list
Zwooks: Dangote wants the entire petroleum industry in his back pocket the same way he pocketed CBN and has used his quota system brothers to empty the nation of its foreign exchange. Nigerians are like you said quitessentially simply naive and sentimental
Dangote refinery is a private investment and not a national project
He has met his match in Bobo Chicago. Dangote relied on military leaders like IBB,Abacha, OBJ and Buhari for far too long. And now facing the Lagos landlord who Bode George claimed suffers from an incurable mental illness Affluenza.
Bode George: a sufferer of Affluenza “can never stop the craving for unnecessary endless accumulation of wealth. He does not know what is enough.He glorifies wealth in place of the Almighty God. This is the dreadful disease Tinubu is suffering from.” “With all these crazy and bewildering acquisitions , it is obvious that this Iragbiji upstart suffers from a disease called AFFLUENZA .”
alphaNomega: to be fair, at 1914, they had little to no choice our real men were eliminated by the invading forces and the greedy ones took over, aligned with the foreigners and collectively ripped us a new hole
Nigeria is not a country, but a mafia enterprise ruled by drug barons and monopolists bent on state capture.
Zwooks: Dangote should source his feedstock anywhere he so pleases and leave the country alone. Also, the refinery wasn't constructed to consume the nations crude. It was constructed because Dangote wanted to explore the industry. Nigeria must not be made an estate of Dangote
Agreed he can ask Emefiele for more dollars from CBN.