Rivers State Governor, Nyesom Wike, has said claims by his Edo State counterpart, Godwin Obaseki that Federal the Government printed about N60 Billion to share to the federating units in March cannot be regarded as spurious.

The governor challenged the Central Bank of Nigeria to unequivocally declare if money was printed or not.

Wike stated this while briefing journalists in Abuja on Sunday, according to a statement issued by his Special Assistant on Media, Kelvin Ebiri, and made available to newsmen in Port Harcourt on Sunday.

“Obaseki was in APC, so he understands them. So, Obaseki couldn’t have come from the blues to say they printed N60 billion. He knows them,” he stated.

The Governor further said it was regrettable that instead of the Governor of Central Bank, Mr. Godwin Emefiele, to address the issue raised by Governor Obaseki, he opted to issue a veiled threat to states to pay back bailout loan given to them by the federal government.

He said, “Instead of answering the question, he (Emefiele) said governors have to pay back the bailout loan. The bailout is a loan, if you want to take it, go and take it. But answer the question whether money was printed or not printed.

source: https://punchng.com/wike-defends-obasekis-n60bn-printing-claim/

So because Obaseki was once in APC and he knows them then he is right.... Wike's logic here is flawed

With all that is going on in this country I believe the federal government is capable of any atrocity.

Let's be honest, obaseki saying this or not, doesn't change the fact that APC is capable of doing anything morally wrong.

If it is wrong, evil, vile just know APC did it!


For those quoting : printing isn't bad yes, but there r tenets to it. It can easily do more harm than good given the current state of the nation.

Wike like to join issues unnecessarily.

Let the govt print more money pls... I could use some.

All of you are the same. Never trust a politician.

Pdp will use this one for campaign.

PDP and APC...... The only difference is in the nomenclature!


Era of currency printing. Wetin musa no go see for gate nii

This Country is crumbling financially and we are being overrun by insecurity, none of this idiots could put on their critical thinking cap and save their State not to talk of helping the country. All they do is to argue, attack and counterattack themselves.

They continue to deceive Nigerians with talk and no do system of rulership.

This set of Nigerian Leaders are the reason hell was created.

Hyenas

Any negative news u here about APC just believe it it's true bcoz dis government can lie

Jerryherd:
So because Obaseki was once in APC and he knows them then he is right.... Wike's logic here is flawed

But he challenged the CBN to say otherwise...
He must have consulted Obaseki to find out for himself before coming to air.
I personally don't think that Obaseki who is a sitting governor would make such a heavy statement if there's no truth in it.

With all d billions of dollars they have been borrowing plus Abacha's looted billions they have recovered dis demonic government still prints money, God 4bid

Campaign to who?

Tigaromil:
Pdp will use this one for campaign.

APC is the worst government ever. Increased taxation, stamp duty, atm charges, recovered loots, repatriated foreign loots, yet we are printing out currencies... Buhari and his team no get sense.

2 governors out of 36 states?

Still not convincing

if not for your useless PDP party mismanagement and corruption, we wouldn't have end up with this global calamity that see himself as Messiah of some majority of idiots voters in this country



make thunder no finished those goats that elect and reelected this cow in asorock

The CBN Governor should unequivocally answer this question whether or not printing bazaar is now d new normal under this APC maladministration

Who is responsible for printing money?
Secondly, did they share the printed cash at the federal executive meeting where all the governors and ministers are present?
No single camera pic of the governors carrying sacks of printed money away from Aso rock venue?
I wish we have educated literates but unfortunately what we are having are educated illiterates roaming the streets with degree paper.
Printing money is always on regular basis to replace the mutilated ones, and nowadays more transactions were electronically based not cash based. So the issue of printing for sharing does not arise. Or can someone tell me a single state in Nigeria that is paying salary or state contractors with physical cash?
Sharing money from reserves is a normal tradition. In fact that is the main reason for creating those special accounts. To save for rainy days. Of what essence is the account if not to share when the state revenues goes down?
All the big taxes from companies are paid once in a year. As such that particular month the company paid. And will not pay again till next year. As such the government has to save the excess amount pending the months with lower revenue. So what is the deal here?

Jerryherd:
So because Obaseki was once in APC and he knows them then he is right.... Wike's logic here is flawed

So that was all you can see in his statement?
You never saw the part he asked weather money was printed or not?
Most of you are not really helping matters in this country with your attitude of taking sides in every burning issues.

Jerryherd:
So because Obaseki was once in APC and he knows them then he is right.... Wike's logic here is flawed

Obaseki being in APC or CID is not the issue. The question raised is straight to the point. Let it be answered.WAS MONEY PRINTED OR NOT?

nyiamfrank:
Obaseki being in APC or CID is not the issue. The question raised is straight to the point. Let it be answered.WAS MONEY PRINTED OR NOT?

Godwin Emefiele already answered that no physical money was printed they only got lent fiat money

Bellotelli:
Let the govt print more money pls... I could use some.

By the time inflation finishes with Nigeria, you would curse anyone who ever dares mention Buhari or Emefiele.

x

Ok

Jerryherd:
So because Obaseki was once in APC and he knows them then he is right.... Wike's logic here is flawed

your thinking faculty is so flawed.

Apc/federal govt are the dragging these country backward and i believe that a sitting governor can not wake from sleep and make a such statement

Sunnycliff:
APC is the worst government ever. Increased taxation, stamp duty, atm charges, recovered loots, repatriated foreign loots, yet we are printing out currencies... Buhari and his team no get sense.

The level of corruption is the worst ever. The rest of the world is watching.

You can imagine a number of Countries have began deporting individuals with Nigerian passports right from the airports.

“Obaseki was in APC, so he understands them. So, Obaseki couldn’t have come from the blues to say they printed N60 billion. He knows them,” he stated.

So Wike and other governors have no knowledge of whether there is printing or not for the purpose of sharing monthly federal allocation.

What I know for sure is Obaseki maybe correct about information as to printing of money going by CBN governor personal talk on this matter, but he got the purpose wrong, the printing can never be because of payment of allocation as the shortfall was withdrawn from another account.

If expert view of money printing is anything to go by, it means increasing the Figures of money in circulation and not necessarily printing physical cash. Why should CBN increase Naira figure in circulation for a shortfall that was made up from another account?

Experts and News have confirmed that developed countries printed more money as a reaction to economy collapse due to the World pandemic last year. Seriously, with all the FG COVID19 stimulus packages and loans coupled with lower income generation for past years and insecurity issues affecting businesses and investors, the FG through CBN has justifiable reasons for opting to printing of more money or in layman terms, increase the total amount of money in circulation.