₦airaland Forum

Looting galore!

More money to squander

Na borrow borrow go kill una at last, greedy thieves!

How I wish the money was mistakely credited into my account, I would have be the latest billionaire in town .

dipoolowoo:
By Adedapo Adesanya

Nigeria has received the $3.4 billion emergency loan from the International Monetary Fund (IMF).

IMF Managing Director, Ms Kristalina Georgieva, confirmed to CNBC Africa in an interview that the $3.4 billion loan had been credited to the account of the Central Bank of Nigeria (CBN).

The funds had been approved under the Rapid Financing Instrument by the Executive Board of the IMF on April 28, ‎to address challenges arising from the economic impact of the COVID -19 pandemic the country.

Ms Georgieva also called on the Federal Government of Nigeria to be transparent and account for every single kobo of the fund.

‎The federal government had assured that it will publicise all disbursements from the funds, adding that there are plans to conduct an independent audit of all emergency expenditure at the end of the pandemic.

The Nigerian government also agreed to allow the IMF to conduct a due diligence exercise on the CBN, these will be done in line with the Fund’s safeguards assessment ‎program.

According to the IMF chief, the money was sent to the CBN’s account in dollars, after which it would be converted to naira.

“We have already disbursed. In emergency assistance, the board approves, we disburse within days to the country and it goes to their central bank in dollars before it gets converted into naira in the case of Nigeria.

“The conditions are quite favourable and repayment period is five years, up to two and half years is grace period and the interest on the loan is one percent,” she said.

Ms Georgieva assured that the IMF will continue to support Nigeria and other member countries.

“We have put in place policy tracking action, and we are seeing progress each country is making.

“The IMF will continue to support countries and shield them from catastrophic implications of the COVID-19 crisis,” she added.

https://businesspost.ng/economy/imf-credits-cbns-account-with-3-4bn-emergency-loan/

There is nothing new again.buhari ave already asked dem to clear Nigeria's debt.

Golan007:
Name the government official that claimed it to be a grant.

By the way, all countries are borrowing and all countries have had their future generations pay debt.

The whinging is worn out.

and those countries have hard evidence to show what those loans are or were used for?

What do we have??

When will cbn credit us?

Golan007:
Name the government official that claimed it to be a grant.

By the way, all countries are borrowing and all countries have had their future generations pay debt.

The whinging is worn out.

With you keep quiet.. what are you saying... Please do read over your comment before posting it next time..

How to sale a country lol

Golan007:
Name the government official that claimed it to be a grant.

By the way, all countries are borrowing and all countries have had their future generations pay debt.

The whinging is worn out.

Will you keep quiet.. what are you saying... Please do read over your comment before posting it next time..

These men be spending the future now and nothing like nemesis.. They bringing tomorrow to today and wasting it with reckless abandon.. So much funds, yet so little result. Smh

And then buhari and his crew choppers will chop it

1naira will not be credited to your account rather banks will even deduct from the little money you have

SINZUUUUU SPENDINNNNNNNNNNNNNNNNNNNNNNNGGGGGGGGGGGGGGGGG!

Buhari olofo, they have mortgaged the future of Nigeria!

Na wao for this administration O. God help Nigeria.

Kamani8:
All countries are borrowing ba. This is what Nigerians do when they want to support our evil leaders. Nya nya nya nya Anerica borrowed, UK borrowed nya nya nya .

Show me which of the countries that are borrowed that look anything like Nigeria.

Tell me which of the countries that borrowed and left their citizens completely hungry like nigeria
.

Don't mind the senseless buffon

This is serious. I pray they use it wisely

Golan007:
Name the government official that claimed it to be a grant.

By the way, all countries are borrowing and all countries have had their future generations pay debt.

The whinging is worn out.

But Nigeria can't boast of what they used the loan for

Smh

Guys..time to 'money heist' this sh*t..

$3.4b alert.

The kind of alert I really need. Once and for all alert. Chai.

Food is ready

Keepem:
Don't minid the senseless buffon

Such an annoying comparison

Buhari has finished Nigeria

Who will pay all this..

Abacha loot return + IMF credit alert, in the same week.

Bubu don cash out.

Golan007:
Name the government official that claimed it to be a grant.

By the way, all countries are borrowing and all countries have had their future generations pay debt.

The whinging is worn out.

What are you saying, because everybody is doing it, do it make it right, when naira is equal to zero against dollars?
Is it not yesterday we just received over $300m dollars from Abacha loot? What's the hope for common man?

Golan007:
Name the government official that claimed it to be a grant.

By the way, all countries are borrowing and all countries have had their future generations pay debt.

The whinging is worn out.

What are you saying, because everybody is doing it, do it make it right, when naira is equal to zero against dollars?
Is it not yesterday we just received over $300m dollars from Abacha loot?
What's the hope for common man?

insatiable THIEVES already activated their looting mode!

FG keeps collecting money from foreign sources but lots of Nigerians keep suffering.

What a wicked leaders we have.
My only consolation is that they will never die and go to the beyond with the money the stole.

Las las, na somebody go chop am.

MinorityOpinion:
Cash out.

Aje

Hmm, what are they doing with all this loan