The Presidency on Wednesday vowed to take all necessary measures to recover the $7 billion which the Central Bank of dashed commercial banks in 2006 as bailout cash. Buhari and Emefiele The chairman of the Presidential Committee on the Recovery of Public Property, Mr. Okoi Obla-Obono, made the resolve of the government public at a public event organized by some civil society groups on the controversial Oil Prospecting Lease 245 in Abuja. Obla-Obono also said the federal government was also investigating an unnamed top politician for running 20 companies in a European tax haven so as to evade tax payment to Nigeria. 2019: Donald Duke promises free tuition at all levels of education if elected president The presidential aide also disclosed that a leading oil firm that has withheld $1.9 billion oil revenue payment to Nigeria was being investigated and would be sanctioned for economic sabotage. Details shortly

https://www.vanguardngr.com/2018/11/breaking-presidency-vows-to-recover-7-b-cbn-bailout-to-banks/

Billions of Dollars everywhere......And there persist hunger n hardship in tha land

hmmm

Fresh offer .. please who can borrow my farm 2 Million naira cash to buy feed and I will payback by Jan 2019

Or where I can I get my own bailout funds from without collateral

Chai

They want to crumble the already collapsed economy for the second term.

This is Nigeria

I'm sure those banks that collected this "largesse" didn't see this coming. There ain't no free meal anywhere, not even in Freetown!!

Such thoughtless move can distabilize the sector.

Perhaps the banks are not forthcoming towards 2019 elections

Lies!

They've be vowing for years on many issues meanwhile, nothing has been achieved. This government is useless.

Another lost cause. When will this administration tackle the serious hunger and hardship that is persisting in the country today?

What is presidency gonna do about buratai and the military fund that disappeared under him? Or does Buhari also want to use military fund to run his campaign?

Ok

Now they want to finish this economy once and for all.
This Next level go hard gan

When we say Buhari is an unrepentant stark idiot we know what we are saying , that man has no business being near leadership because he lacks the short term and long term thought processes requisite to drive visionary leadership , after his poor implementation of TSA failed to sink our banks after destabilizing them this wicked Dullard is once again engaging in satanic speculation capable of sinking our banks again...God punish anybody planning to vote this man even as a joke ...

Scam

talk is cheap. even buhari need them banks now

"I will"

"Vow to"

6 months to go...

ipob pigdiots will still be asking silly questions instead of requesting refund from pdp.

This govt is very funny Govt of Recover Anti Corruption Jail Hunger Punish Nawa o

GOFRONT:
Billions of Dollars everywhere......And there persist hunger n hardship in tha land

GANDOLLAR � self hold him own

Imagine since 2006. They must have made enough profit to return the one they borrowed.

Nigeria banks, return our yam

FarahAideed:
When we say Buhari is an unrepentant stark idiot we know what we are saying , that man has no business being near leadership because he lacks the short term and long term thought processes requisite to drive visionary leadership , after his poor implementation of TSA failed to sink our banks after destabilizing them this wicked Dullard is once again engaging in satanic speculation capable of sinking our banks again...God punish anybody planning to vote this man even as a joke ...

How did TSA sink our banks. Are banks supposed to be engaging in illegal activities.

Who gives banks free money, if they truly collected billions from the cbn then they have an obligation to return it with interest.

Radio money
This one nobe news

bknight:
Such thoughtless move can distabilize the sector.

Perhaps the banks are not forthcoming towards 2019 elections

Is there any action of the Buhari administration that has revealed any level of thoughtfulness ?

Felixv:


How did TSA sink our banks. Are banks supposed to be engaging in illegal activities.

Who gives banks free money, if they truly collected billions from the cbn then they have an obligation to return it with interest.

Oga You don't have the brain grade to process this so just rest

Even from you comment I smell low IQ and I am allergic it it .. The fact that you even support this character below says alot about your state of mind ..

https://www.youtube.com/watch?v=n1Y18fwd7Tw&feature=youtu.be

3rdavefarms:
Fresh offer .. please who can borrow my farm 2 Million naira cash to buy feed and I will payback by Jan 2019

Or where I can I get my own bailout funds from without collateral

Are you serious about this?
Is your farm poultry or fishery?
Will you pay back with interest?

Story Story, story... Once upon a time, time time.....

Felixv:


How did TSA sink our banks. Are banks supposed to be engaging in illegal activities.

Who gives banks free money, if they truly collected billions from the cbn then they have an obligation to return it with interest.

You are right. They have an obligation to return the funds but not the way this government recovery will go about it. First of all to make this news public without quietly informing this banks to get prepared can trigger panic and large withdrawals from depositors stressing the already stressed and tense banking sector.

Our banks are still yet to recover from government agencies that left them to set up the single treasury account. To call or demand for $7bn in one fell swoop without a spread out strategy in place will bury some banks that right now are already on life support. As from the moment some hear this news, it is an immediate stimulant to start sacking workers and causing chaos to lessen their exposure.

I am truly sorry for the policy makers in this country. They have done more harm than good. If this is what this government has to offer in 2019, then I suggest Nigerians begin to seek green pasture in other countries. This economy will collapse.