₦airaland Forum

https://www.youtube.com/watch?v=npkdHkgqHqk

Tinubu administration's profligacy reaches new heights as CBN joins the looting spree.....

Read the full story below.

"Fourteen months after former Central Bank of Nigeria (CBN) Governor Godwin Emefiele was suspended and faced ongoing prosecution for various financial crimes, the current leadership of the apex bank, led by Olayemi Michael Cardoso, may be entangled in its web of breaches of official protocols and abuses of office.

In a scenario reminiscent of the investigation led by Jim Obazee, a special investigator hired by the federal government to uncover Emefiele’s activities while in office, multiple credible sources within the bank have now raised severe allegations against Governor Cardoso and his four deputy governors.

They are accusing the leadership under Cardoso of infractions that indicate weak systemic controls.

Among the allegations is the reported upgrade of annual housing allowances for the governor and his deputies to nearly N1 billion each. All five officials already live in luxurious residences in Abuja’s upscale Maitama district.

"What justification can there be for this level of indulgence?” asked a senior CBN official who requested anonymity for fear of reprisal. “The CBN’s leadership should exemplify modesty, not opulence.”

In another revelation, it is alleged that the governor and his deputies upgraded their international travel privileges from business to first class. A first-class ticket from Abuja to New York, which costs upwards of $15,000, is now standard for the CBN’s top officials.

How can they justify such luxury when the average Nigerian is struggling to afford necessities?” lamented another source within the bank.

Credible sources also alleged that the travel allowances of the governor and his deputies may have been increased to $7,000 per night, meaning they could pocket over $50,000 for a week-long trip, excluding additional perks.

“This is a brazen,” a source close to the matter stated. “How can they justify such largesse when the Nigerian minimum wage is a mere 70,000 naira a month?”

The bank is also accused of hiring consultants at over N30 million per month, “an amount that dwarfs the combined monthly salaries of all CBN directors”, one source said. For example, official documents showed that Mr Cardoso hired a media consultant for a monthly salary of N30 million.

There are also allegations of non-competitive and secretive hiring practices under Governor Cardoso’s leadership. Hundreds of CBN staff have reportedly been dismissed without due process under the guise of organisational restructuring, only to be replaced by new hires through covert means.

A source mentioned the specific case of a retired police Assistant Inspector General (AIG) appointed to head a department in disregard of extant rules. Also, the Procurement and Supply Services department has allegedly undermined the bank’s Human Resources department.

A senior staff member at the bank’s headquarters revealed that these breaches have led to tension and suspicion.

Efforts by this newspaper to obtain a reaction from CBN spokeswoman Sidi Ali were unsuccessful, as she refused to respond to questions sent to her phone, and her number was unreachable for calls.

https://leadership.ng/cardoso-deputies-under-scrutiny-over-alleged-generous-approvals/

So Cardoso is already doing like Allison Madueke flying first class up and down

Tinubu and his 40 thieves..... the destruction and looting continues until Nigerians do the needful and end this evil government....

Is this or is this not the same sin that the former minister of humanitarian affairs committed. Isn't this worse than the 2 bullet proof cars that stellar oduah bought. How then is the whole world quiet when it matters most

lol just 1billion.

Una no even sabi do propaganda.

the bitter truth is WE HAVE NO PRESIDENT NOR GOVERNMENT, WHAT WE HAVE AS PRESIDENT IS JUST A SPACE WASTER. Nigerians should accept that there is no president and go back to the drawing board for 2027 and hope to elect a real president, tinubu is just a complete waste of space.
corruption is not even the problem, we all know that is a global issue, the annoying thing about this shameless bastard in power is just the bold aggressive, and carefree way they are going about it, they are just stealing as if they are the only ones in the nation and no one is watching, or maybe they don't even see millions of Nigerians as a human being at all capable of talking or thinking.

Get ready for more of this type of news in the next three years.

All liars would eventually end up inside a black hole

madridguy:
So Cardoso is already doing like Allison Madueke flying first class up and down

Are you tried of screaming on ya mandate like someone who missed medication?

Ali Baba and the forty thieves!Nigeria,we are in for a long thing.

What do you expect. Anyone Tinubu pick for that position must be like him. Cordoso is not expected to be incorrupt. He must abide by all order and corruption from Tinubu

You cant expect anyone appointed by a well known criminal to he different. Everyone appointed by Tinubu must always be a criminal by default. An apple does not always falls far from its tree.

They’re all corrupt from head to toe. Tufiakwa!

Seriously

Toh

Cardoso should be investigated. There are some things that shouldn't be done by the government officials especially in this hard time

Tinubu and his 40 thieves.

Birds of a feather.

There's nothing to read here

The head is rotten and you expect the rest of the body to smell nice? Kamari!!

Those two Zombies defending looters up there
I hope you're benefitting from the largesse if not shame on you
Even the bot is mindful enough to call for an investigation

.OP and lie na like yansh and mess.
We no see where Cardoso diverted 1 billion naira in the news,sir.
Everything writtten is allegation by nobody,faceless,nameless entities,which shows that it is a cooked up story.

LegendHero:
lol just 1billion.

Una no even sabi do propaganda.

When such things are written about public officials, it's because it's the truth and there are evidence. The evidence are often from disgruntled workers

Interesting, you call the report a cooked up story.... Why do you think the CBN spokesperson's phones were switched off when they tried to contact the bank....? Let the CBN governor defend himself or sue the newspaper if he has nothing to hide....
Do you think the newspaper has no hard evidence to guard against litigations before reporting the story....? The fact that it's been 24 hours and no official reply from CBN should tell you that Cardoso and his gang are culpable.... In saner climes the CBN governor should've resigned by now..... unfortunately this is a shameless government..... Nigerians should demand for resignation of Cardoso and other CBN executives....

Ritchiee:
.OP and lie na like yansh and mess.
We no see where Cardoso diverted 1 billion naira in the news,sir.
Everything writtten is allegation by nobody,faceless,nameless entities,which shows that it is a cooked up story.

Bebigiby1:
Interesting, you call the report a cooked up story.... Why do you think the CBN spokesperson's phones were switched off when they tried to contact the bank....? Let the CBN governor defend himself or sue the newspaper if he has nothing to hide....
Do you think the newspaper has no hard evidence to guard against litigations before reporting the story....? The fact that it's been 24 hours and no official reply from CBN should tell you that Cardoso and his gang are culpable.... In saner climes the CBN governor should've resigned by now..... unfortunately this is a shameless government..... Nigerians should demand for resignation of Cardoso and other CBN executives....

lol
On allegations of giving generous approvals by faceless,nameless entities?
Let the journalist give names even one name.
You just dont roll in the mud with pigs!

Let the CBN refute the claims, their silence is a clear admission of guilt....

Ritchiee:
lol
On allegations of giving generous approvals by faceless,nameless entities?
Let the journalist give names even one name.
You just dont roll in the mud with pigs!

Really?

Ritchiee:
lol
On allegations of giving generous approvals by faceless,nameless entities?
Let the journalist give names even one name.
You just dont roll in the mud with pigs!

You call it "generous approvals" I call it theft.... Are these approvals legal....? You said "On allegations of giving generous approvals by faceless,nameless entities?..." Cardoso and other CBN executives implicated are not nameless or faceless as a simple Google search will tell you who they are.... The moral burden lies on CBN to come clean with Nigerians and not the newspaper.....

Ritchiee:
lol
On allegations of giving generous approvals by faceless,nameless entities?
Let the journalist give names even one name.
You just dont roll in the mud with pigs!

helinues:
All liars would eventually end up inside a black hole

What made u even believe this is false?
Let's wait as the truth unfolds before we start defending these criminals

When the head is an international thief, what do you expect? Looting is in their DNA.

LegendHero:
lol just 1billion.

Una no even sabi do propaganda.

This could be true sha.
It was the private investigator employed by the federal govt that is opening "cardosso" files

LegendHero:
lol just 1billion.

Una no even sabi do propaganda.

Leadership newspaper is an IPOB propaganda machine.