NewStats: 3,264,672 , 8,184,380 topics. Date: Wednesday, 11 June 2025 at 11:04 PM w182o6382y |
How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid (1597 Views)
kanupapilo: 8:51pm On Aug 17, 2024 |
flokii:Two tier law system. One for the rich and another for the poor. Welcome to the corruption capital of the world. |
kanupapilo: 10:39pm On Aug 17, 2024 |
Salewa97:How much was received from CBN and at what price?Think inside the box joker |
kanupapilo: 4:19pm On Aug 18, 2024 |
Wainey:Emefiele simple did what has been done by previous CBN governors before him- open the vault to military dictators, corrupt civilian leaders and connected business fronts. |
kanupapilo: 6:05am On Aug 19, 2024 |
Wainey:You don't know the difference between CBN and Commercial Banks. |
Wainey: 6:56am On Aug 19, 2024 |
kanupapilo:you don't know what private transactions mean. 1 Like |
kanupapilo: 11:04am On Aug 19, 2024 |
Wainey:You need to go back to school. |
Wainey: 1:06pm On Aug 19, 2024 |
kanupapilo:You need to have a working brains |
kanupapilo: 3:26pm On Aug 19, 2024 |
Wainey:Werey 1 Like |
Wainey: 4:01pm On Aug 19, 2024 |
2 Likes 1 Share |
swaggerjack: 4:11pm On Aug 24, 2024 |
Zwooks: Opaque transactions are not meant to be made public. |
Kobojunkieee: 4:19pm On Aug 24, 2024 |
swaggerjack:That is a bullsheet statement! ![]() |
swaggerjack: 4:30pm On Aug 24, 2024 |
Kobojunkieee: Bode George explained how the opaque transactions work. https://www.youtube.com/watch?v=E2KiWX29yVU?si=6rZdMe9l8-J5H1s |
Kobojunkieee: 4:33pm On Aug 24, 2024 |
swaggerjack:Bode George? ![]() ![]() |
Oghene86: 4:33pm On Aug 24, 2024 |
kanupapilo: There should be documents backing up the transactions, so if you need to know ask Dangote or go to CBN and ask |
swaggerjack: 4:38pm On Aug 24, 2024 |
Kobojunkieee:Foreign exchange round tripping. |
Kobojunkieee: 4:47pm On Aug 24, 2024 |
swaggerjack:It is illegal! So also is treating the central bank as if a commercial bank. ![]() |
swaggerjack: 4:54pm On Aug 24, 2024 |
Kobojunkieee:The Central Bank is a commercial bank through history has shown that it is answerable to military dictators, civilian leaders and billionaire businessmen. Look at how it has operated since the 70's. It is a personal piggy bank. |
Kobojunkieee: 5:00pm On Aug 24, 2024 |
swaggerjack:Stop deviating abeg! Nigeria has been a democracy for about 25 years now and the Central Bank, on its website, is not listed as a commercial bank. I see that much of what Bode George said in the video that you posted yourself meant absolutely nothing to you; all you are interested in is furthering your private ideas even when they make no sense at all. 🤔 Here's what is written in the Wiki on the Central Bank of Nigeria. https://en.wikipedia.org/wiki/Central_Bank_of_Nigeria The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959.[3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky political controversies. After the end of colonial rule, the desire of the government to become proactive in the development of the economy became visible, especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any show shortfalls, credit allocations to the real sector. The bank became involved in lending directly to consumers, contravening its original intention to work through commercial banks in activities involving consumer lending.Do you know what that means? It means your central bank has been hijacked by rogues and illegally involved itself in activities it was never meant to do. Sadly, Nigeria still does not have a government in place ready to fight corruption. ![]() |
kanupapilo: 9:36am On Sep 04, 2024 |
Kobojunkieee:
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kanupapilo: 1:21am On Sep 16, 2024 |
Zwooks: ![]() 1 Like |
Zwooks: 5:56pm On Sep 16, 2024 |
Ttalk: 6:18pm On Sep 16, 2024 |
Kobojunkieee: CBN has some level of autonomy. For example CBN is the only agency that it's budget is not subjected to NASS oversight and parliamentary scrutiny. However, a it's s can be audited from a pronouncement of the parliament as the case may arise. In this particular case, CBN grossly violates its own rule especially in area of lending money to individual without disclosing to the details of the transaction. Thats enough ground for NASS to initiate a probe into CBN dealings with Dangote's Company |
Kobojunkieee: 11:29pm On Sep 16, 2024 |
Ttalk:According to the Central Bank of Nigeria Decree No. 24 of 1991 section 2 & section 37, the bank is a banker and financial advisor to the Federal Government and also a banker to other bankers. Section 2. The principal objects of the Bank shall be to -No entry indicates it can or should operate as a banker to individuals. ![]() |
favor914: 12:03am On Sep 17, 2024 |
kanupapilo:Poor na wetin concern you about how much another person borrow? |
kanupapilo: 2:52pm On Oct 09, 2024 |
favor914:CBN funds equals Nigeria money joker. CBN is public institution. |
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