The Central Bank of Nigeria [CBN] under the leadership of Godwin Emefiele last week disclosed that it spent over 290 billion Naira for its overheads, salaries, traveling, estacodes and operations in 2014.
This means that on Average the CBN spends 800million daily without appropriation by the National Assembly.
The amount the CBN spends is bigger than the amount spent by the Presidency, the Senate and the House of Representatives and the National security Office, combined.
The CBN Governor was alleged to have paid bribes of $1million to each senator for his confirmation- from proceeds of the $20Billion missing funds lodged with Zenith Bank while he was Managing Director.
The Governor’s donation of 60billion Naira was the highest donor to the Peoples Democratic Party [PDP] campaign for 2015 elections.
The Governor single-handedly approved 20 billion naira real sector support to his chairman’s Jim Ovia’s petrochemical refinery without Board Approval against a single obligor limit of 10 billion naira.

The Governor recently devalued the Naira and the surplus funds from the exchange rate gain in excess of 500 billion naira was kept in the CBN balance sheet and for Bank sterilization instead of paying it to the federation Account for sharing, no wonder the federal and states governments can’t pay salaries inspite of surplus Naira gained from devaluation.
The Market has completely lost confidence on Emefiele clueless leadership. He has created a bubble in interest rates and work with the banks and his mentor to manipulate the bond market and the exchange rate through a complicated system of forward rate pricing.
The only beneficiaries are the Banks and the CBN which is declaring surplus profits at a time the economy is bleeding.
President Muhammadu Buhari on Monday vowed to compel all income generating agencies including the Central Bank of Nigeria, CBN, and NNPC to comply with stipulated Financial Regulations and Administrative Instructions regarding remittances into the Federation coffers.
The President gave the assurance on Monday while inaugurating the National Economic Council (NEC) at the State House, Abuja.
The Council on Monday set a four-man Committee to investigate the state oil company, NNPC over the missing N3.8trillion.
The EFCC, ICPC, DSS and the presidency should also quickly intervene and unearth the massive corruption and currency manipulation going on at the CBN. They recently sacked the chief trader hired from America who raised a memo to question this unhealthy practice.
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http://abusidiqu.com/revealed-cbn-spends-more-than-presidency-nass-and-national-security-office-combined/

Chai!


Dis CBN Governor sha....Darris God o and He's watching in 10D

Hmm

Jesuuuuu

We need a reliable source. No vex o.

The precedent was set by Sanusi; who used to donate as much as 100 million to the people of Kano on behalf of the CBN.

Emefiele is the next target of these malcontent, bigoted tribalistic louts and I am sure they won't rest until they remove and replace him with another born to rule candidate. Where were they when Sanusi was spending whimsically over 150b naira un appropriated funds belonging to CBN

This is the season of condemnation. First they wrote to condemn the DG of Dss and now the Cbn governor, who knows who might be next. Most of the figures are kinda bogus and may not necessarily reflect the reality on ground.

Propaganda flying everywhere.

...

Wildrage:
Emefiele is the next target of these malcontent, bigoted tribalistic louts and I am sure they won't rest until they remove and replace him with another born to rule candidate. Where were they when Sanusi was spending whimsically over 150b naira un appropriated funds belonging to CBN

Your logic is flawed. Emefiele's replacement of Sanusi ( your so-called born to rule candidate) is not a crime and not tribalistic and bigoted, but it is if a northerner should replace Emefiele.

They want to remove the CBN governor by churning out lies daily, they want a northerner there also. What about these known corrupt parastatls NPA, Customs etc

Nnemuka:
Ngozi okonjo first, Emefiele now, next might be Deziani, while pressure is stll on ekweremadu to resign. We are watching all of you.

You're on a wild goose chase if you think by this your shield Diezani will be spared. These ones are even minor compared to hers; she should've been the first.

MalcoImX:
Your logic is flawed. Emefiele's replacement of Sanusi ( your so-called born to rule candidate) is not a crime and not tribalistic and bigoted, but it is if a northerner should replace Emefiele.

Sanusi term elapsed, though ingloriously, before he was replaced and at no time during his Tenure was he subjected to an orchestrated campaign of misinformation, at least until he started playing politics with his position

ECOTERRORS:
They want to remove the CBN governor by churning out lies daily, they want a northerner there also. What about these known corrupt parastatls NPA, Customs etc

You won't find northerners complaining should corrupt MDAs they're heading come under financial scrutiny. That's not their speciality.

Wildrage:


Sanusi term elapsed, though ingloriously, before he was replaced and at no time during his Tenure was he subjected to an orchestrated campaign of misinformation, at least until he started playing politics with his position

Sanusi wasn't subjected to misinformation you said, and he played politics. Are you aware of a term called Sanusiphobia when he was there. As an inkling, there'd have been a cacophony were Sanusi the one who met Naira at about 160 and dropped it at about 250. But you can't say anything now because this one is 'our brother.'

Speechless

MalcoImX:
Sanusi wasn't subjected to misinformation you said, and he played politics. Are you aware of a term called Sanusiphobia when he was there. As an inkling, there'd have been a cacophony were Sanusi the one who met Naira at about 160 and dropped it at about 250. But you can't say anything now because this one is 'our brother.'

There was nothing like Sanusiphobia, he enjoyed good press and was given a free hand by the GEJ administration, he doled out billions of naira whimsically to causes and institutions of his choice, appointed girlfriends and concubines to senior positions without due process, he met naira at 120 to a dollar and left when dollar was at 165 to a dollar. There was nothing emefiele could have done to stem the slide of Naira to other currencies as the fall in the price of oil was a global issue which has had unsavory effect on the economies of most oil producing countries. BTW, I don't know what you mean by "this one is our brother" . Every Nigerian is my brother/sister and if you must know, I am yoruba by birth

...

All this spending yet they can't defend the naira.

Nnemuka:

So says abusidick.

Would you believe it if it were on Ekekee.com or elombah.com?

Defense mode activated from the SE, oya they want to rubbish your son

Wildrage:


There was nothing like Sanusiphobia, he enjoyed good press and was given a free hand by the GEJ administration, he doled out billions of naira whimsically to causes and institutions of his choice, appointed girlfriends and concubines to senior positions without due process, he met naira at 120 to a dollar and left when dollar was at 165 to a dollar. There was nothing emefiele could have done to stem the slide of Naira to other currencies as the fall in the price of oil was a global issue which has had unsavory effect on the economies of most oil producing countries. BTW, I don't know what you mean by "this one is our brother" . Every Nigerian is my brother/sister and if you must know, I am yoruba by birth

Read this: Islamophobia , Arewaphobia or Sanusiphobia
http://saharareporters.com/2012/09/25/islamophobia-arewaphobia-or-sanusiphobia
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Here's an excerpt:
By the time it was announced that Sanusi would succeed Soludo, the press had successfully created an image of a Sharia man who was to be feared for his Islamic bent. Suspicions were awakened by all and sundry; the northern roots of Sanusi were also stoked to present him as another backward malam who had no business being in banking in the first place let alone head the CBN. It was during his screening at the senate that Sanusi shut his critics and haters up (both genuine and conditioned) with his sterling performance. It was brutally frank; impressive and such a rude awakening for the hate -feeders or hate-fed and cynics. His oratorical display was amazing, his diction impeccable. He was and still is a delight to watch and listen to.

The new impunity under Jonathan knows no end .

Nnemuka:

Odua or opc.com

Every online news site has its reputation, as ekekee is more reputable than elombah. If you don't know abusidiqu, just know it now.

Junk journalism the moment I read about the 60 billion donation to GEJ campaign I stop reading when I saw the link I gave up. Fake news, fake op and fake site.