₦airaland Forum

..happy New week

sarrki:
Against the FAKE Sahara Reporters news allegedly exposing a wire tapped conversation between the Governor of Central Bank and one of the Deputy Governors,.....

www.cbn.gov.ng
CENTRAL BANK OF NIGERIA
Press Release!!

No monies Missing, Stolen in CBN

The Management of the Central Bank of Nigeria (CBN) has been notified of a purported audio recording of selective conversations amongst the Governor, Deputy Governor and some Senior Officials. Contrary to the headline-grabbing narrative that the discussion was about a fraudulent transaction, this conversation - the beginnings of which was omitted to create a different impression - was simply to proffer solutions to a misunderstanding that affected the Bank’s balance sheet.

As publicly known the CBN was approached in 2015 by the National Economic Management Team and the National Economic Council (NEC), chaired by the Vice President, to assist State Governments with Conditional Budget Support, in the aftermath of the significant nose-dive in global oil prices and associated FAAC allocations.

In order to ensure that ordinary Nigerians workers got their salaries, pensions and gratuities, and that the economy continued to recover from recession, the Bank provided about N650 billion in loans at 9% with a two-year grace period to 35 States of the Federation.

These monies were distributed to the States monthly with documented approval of the Federal Ministry of Finance and the Presidency.
In closing the Bank’s 2018 accounts, external auditors in their Draft Account, erroneously classified about N150 billion of these loans as bad, which negatively affected the Bank’s Balance Sheet and shareholders fund.

The selective conversation being circulated was simply a discussion to ascertain why the auditors took that position and next steps to resolving it. Obviously, it soon became clear that a State Government loan cannot be classified as “bad” or “irrecoverable” when the State still exists and getting FAAC allocations.

The Bank then reached out to the Federal Ministry of Finance and they jointly gave comfort to the auditors who accepted in writing that these monies would be repaid. On this basis, the auditors reversed the negative entry and the certified that the CBN’s 2018 accounts were a true reflection of the State of Affairs.

Reconciliation of Balance Sheet items are regular conversations amongst Senior Management of many agencies and should not be misconstrued as anything but that. Had the online media which released the selective recordings sought the comments of CBN as required of journalism practice, we would have provided it.

Clearly those who listened to the audio and can easily ascertain that the conversation had nothing to do with anything fraudulent as purported. The Bank therefore urges all well-meaning Nigerians to disregard this audio and continue to trust that the Bank is doing everything it can to represent their interests in the best possible way.

Under the leadership of Governor Emefiele, the CBN has always stood for, and vigorously pursued transparency in its stewardship of public resources and policies. NO MONIES ARE MISSING OR STOLEN. The integrity of the CBN Governor remains unassailable.

He has no account in Dubai or anywhere in the world and would never convert the funds of CBN for personal use. Not in the past, not now and not ever. The use of selective wiretapped conversations of the Bank’s Management, to malign his character and integrity will never stand.

The Bank will pursue every legal means to bring the perpetrators to justice.
May 12, 2019
Isaac Okorafor
Director, Corporate Communications



Cc lalasticlala

Cc mynd44

I can bet my life that the caller leak that tape .

Why efcc? Abu you and your uncle had a deal and he refused to give you your own share. You don't need efcc in this matter. Take him to police or court

Emmanuel09218:
[color=#000099][/color]see below

it seems we go abandon nairaland for you alone

I love it

Which book is this (2 esdras 7:75-10)

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May/June?

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Huhs

08.13.5884401

081.35884401

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...good morning all...

Onyemadonald:
A former Governor of Lagos State and current Minister of Power, Works and Housing of Nigeria, Babatunde Fashola has answered those criticising the Nigerian Government for borrowing money.

While addressing journalists in Ilorin, the capital of Kwara State, he asked such people to provide an alternative to sourcing funds. “Those who say we shouldn’t borrow must have an alternative answer to where we will get the money," he said. "Those who don’t support borrowing, are they ready to support increased taxes?”

He blamed the slow pace of works on the federal roads across the country on the paucity of funds. He went on to defend the decision of the government to borrow monies to fund its various projects in the country.

“Where do we get the money,?” Fashola queried. “It is not from President Muhammadu Buhari’s salary or the National Assembly’s salary; we are talking about quantifiable, substantial billions of naira that need to be spent to pay. “That is how you move money around the economy because once you pay the contractors, they order sand, cement, iron rods. They don’t keep all those things. Where the money stops, supply stops.”

Fashola went ahead to assure the public that the government would continue to improve the economic wellbeing of the people through infrastructural development in the country.

SOURCE: https://www.trendingaccounting.com/2019/05/those-who-dont-support-borrowing-are.html

Lazy government i don't support both borrowing and tax increment. What i want the government to do is to till the grounds and make money. We have a lot of untapped resources in Nigeria to do whatever we dream of. Restructure this country so that each state will till her ground.

Hi all

Hzghgz

ykvs

Optional09:
It’s sad that those who are still in charge of this country are still protecting the slave masters interest. The Leventis company should be set ablaze by now and all their assets forcefully collected

what if i tell you that the british 100 years contract has elapsed and you have been resold to a particular group in nigeria. Una never see something

Napoleondegreat:
PLEASE READ THIS ARTICLE BY NATASHA H. AKPOTI AND TRY NOT TO BE DEPRESSED.
WHAT DOES NIGERIA MEAN TO YOU? by Natasha H. Akpoti
Nigeria is simply a geographical expression of the imperialists’ greed and spite.

Recently, I was on a flight from Dallas to London when I struck an interesting conversation with an American professor of African history. We talked about the human race and countries.
America, he said was named after an Italian explorer called Amerigo Vespucci. Amerigo was known to denote his discovered land a “ New World”. So long after her independence, the New World appropriated quite well with the dream of all Americans.
“What about Nigeria”? He asked me.
“Flora Shaw Lugard coined Nigeria and her inspiration was the river Niger” I replied.
“Wrong”. The historian responded. “Republic of Niger was named after River Niger not Nigeria”. That’s what white historians want you to believe. I don’t understand the gullibility of blacks. You have so much information but chose not to research but dwell and believe all the white man says” he added.
Nigeria simply means “The Nigger Area” or “Land of the Black slaves”. Nigger was a common derogatory slang used for slaves” He bluntly said.
His words hit my heart sharply and I was grateful the cabin lights were dim so he couldn’t see the expression on my face. It was a night flight; we had 9 more hours to our destination so I had all the time to listen. Sipping slowly on my orange juice I beckoned on him to continue.
The West African Region identified as Nigeria today was known to have supplied more slaves than any other country. The quality of human “cargo” was supreme and priced much more than slaves from other West African countries.
The men were strongly built and were expert cotton farmers. Only wealthy plantation owners could afford slaves from “Nigeria”. Little wonder, slaves from your country were nicknamed “black gold” and the British slave ship named “White Lion” brought them into Virginia.
“I am still not convinced” I shot at the grey bearded historian.
“Very well, lets start this way” he continued…
What gave River Niger its name?
I looked blankly at him…
It’s the European Slave traders and done for easy mappings. That river was the longest cutting across many black lands. River Niger simply means the River of Niggers or Negroes as you wish to say.
Listen dear Natasha, you must have an open mind to first agree that most of what you were taught in Nigerian history is distorted and made to confuse the people.
I said nothing… and he kept on talking.
The imperialists were very brutal with no humane sentiments to Africa. Their business was simply to exploit and trade for their advantage. The Berlin Conference of 1885 legalized Africa as distant colonies to the imperialists.
Most African countries were named by what suited the “masters”.
Ghana was named Gold Coast because the abundance of gold Britain exploited.
Zimbabwe was named Rhodesia by Mr. Cecil Rhodes who treated the country like his company.
Oh, lastly he added… the oil colony of the Niger Delta part of Nigeria was called the Slave Coast.
It was so when Asaba was the capital of the Southern Protectorate under the ownership of Sir. George Goldie the founder of the Royal Niger Company which had its headquarters in Lokoja.
Natasha, I hope you know that Sir. Goldie sold the Southern Nigeria protectorate (land and people) to the British Government for £865,000 (eight hundred and sixty five thousand pounds) in the year 1899.
“Finally, finally” he added… “there was a debate on whether to name your country Negroland or Nigritia as you were the most populated black nation. However, those on Nigritia won and the word was added in the Century Dictionary in 1904 to mean a large territory of niggers/ negros”.
Thanks for your “lecture” I said.
Listen, I am sorry if I upset you but your country is greatly admired world wide for its great resources especially its people. What happened to them is distortion of facts to enable indirect rule function at the detrimental discord of its people.
All Nigerian people need do is reach out to their core and harness a common vision which can bring forth the missing patriotism. You guys will be a world power in no time with your fire and potentials. But first…
- reach your core
- find your truth
- build your nation
Hints: Ask for the Southern and Northern amalgamation contracts. These should be made public for all Nigerians to know. Get to know what terms Nigeria was married upon.
I know the Royal Niger Company was given some dubious rights to half of all mining revenue for 99 years from 1900.
These documents should be with the British government, United African Company and Leventis companies as there were parented from the Royal Nigeria Company. That’s if they are missing at your government’s administration.
That’s right… UAC and Leventis are owned by ex slave traders and still grow their empires in Britain.
“Thanks once again dear sir. I need to get to my seat for some sleep”. I appreciated.
Just as I got to my seat, we hit turbulence and the seatbelt sign came on.
The plane shook violently, my mind went to late Pius Adesanmi and I made a silent prayer for him.
I took a look at the live travel map that showed we were flying above the “Natashquan River” in Canada.
What? A river bearing a similarity with my name sounding like “ Natasha Can”.
Maybe this is some sort of a sign that I should not let this experience go but research more and share with you.
So I arrived Nigeria and began to research deeply; bearing in mind the professor warned that not all books are published online as some information are preserved for the “discerning” minds.
I searched up the Century Dictionary, the Slave ship named “White Lion”, Flora Shaw and the naming of Nigeria (what a story), the naming of the Republic of Niger; the Slave Coast of Niger Delta, Sir Goldie, Royal Niger Company, History of UAC & Leventis… the amalgamation contract.
Wait a second… I searched for the 1914 Nigeria Amalgamation contract and found no answer. We know the English men to be high on documentations and record keeping so where are the amalgamation papers?
Who signed on behalf of Nigeria?
- Awolowo was born in 1909 and was 5 years at 1914
- Azikiwe was born in 1904 and was 10 at 1914
- Balewa was born in 1912 and was 2 years old at 1914
- Ahmadu Bello was born in 1910 and was 4 at 1914
Moving on.
It’s clear that the formation and naming of our beloved country is shrewd in dubious inconsiderable dealings. Little wonder we have become strangers filled with ethnic bitterness hanging unto the foreign man’s religion, government and education.
We are lost… but we can find our bearing if we begin not only to have discussions about our existence but take proactive remedial steps.
Some would shove this off as “mere history”. However, remember the proverb “a river that forgets its source runs dry”.
2019 elections may have come and gone. A lot of cases hope for redemption at the tribunal. But I say this, its not over yet. We all can put voices demanding for disclosures of amalgamation and naming contents. However, legislative and executive power matters in quickening the processes.
The Kogi governorship election comes up later in the year. Going through history, you shall see the possibilities of a New World being born from Kogi state.
Its possible to get a governor who would begin discussions towards a willing coalition of regions.
Until then, Nigeria is just a name given to a lucrative land for colonial exploits … a land of strong black negros… a land which bears the poverty capital of the world… a land afraid to be great. A land which feels it doesn’t deserve to be industrialized, educated, healthy and wealthy.
What’s in a name they say?
EVERYTHING!!!
Part 2 shall be up tomorrow.
(Natasha H. Akpoti)

the truth is that out elites are aware of this especially the norther elites. After the british has finished the will sell you for second hand to housa fulani

So sir goldie sold all of us the southner to British for 100years may be after the expiration when the British has finished milking us, the will sell us to housa fulani for third hand who will the finish our life

Bhjkm