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Nairaland Forum / Nairaland / General / Politics / Wike Defends Obaseki’s ₦60 Billion Printing Claim (20110 Views)
Serving Governor Withdrew ₦60 Billion Cash In Six Years ― EFCC / Obaseki: "FG Printed 60 Billion Naira For States To Share" / Nigeria To Disconnect Niger, Benin Over ₦2.60 Billion Electricity Debt (2) (3) (4)
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Wike Defends Obaseki’s ₦60 Billion Printing Claim by valentineuwakwe(m): 1:48am On Apr 19, 2021 |
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. source: https://punchng.com/wike-defends-obasekis-n60bn-printing-claim/ 30 Likes 2 Shares
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Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Jerryherd: 1:51am On Apr 19, 2021 |
So because Obaseki was once in APC and he knows them then he is right.... Wike's logic here is flawed 35 Likes 5 Shares |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Bossil(m): 4:28am On Apr 19, 2021 |
With all that is going on in this country I believe the federal government is capable of any atrocity. 96 Likes 2 Shares |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Cooldiipo(m): 4:41am On Apr 19, 2021 |
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Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by punisha: 4:45am On Apr 19, 2021 |
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. 106 Likes 6 Shares |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by 24SEVEN: 4:46am On Apr 19, 2021 |
Wike like to join issues unnecessarily. 10 Likes 1 Share |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Bellotelli: 4:48am On Apr 19, 2021 |
Let the govt print more money pls... I could use some. 12 Likes 1 Share |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by squash47(m): 4:48am On Apr 19, 2021 |
All of you are the same. Never trust a politician. 21 Likes 1 Share |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Tigaromil: 4:48am On Apr 19, 2021 |
Pdp will use this one for campaign. 6 Likes 1 Share
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Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by chibike69: 4:48am On Apr 19, 2021 |
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Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by kingzjay(m): 4:48am On Apr 19, 2021 |
PDP and APC...... The only difference is in the nomenclature! Era of currency printing. Wetin musa no go see for gate nii 9 Likes |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Dannyset(m): 4:48am On Apr 19, 2021 |
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 26 Likes |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by bigjoe1000(m): 4:53am On Apr 19, 2021 |
Any negative news u here about APC just believe it it's true bcoz dis government can lie 38 Likes 4 Shares |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by naijanaso: 4:55am On Apr 19, 2021 |
Jerryherd: 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. 68 Likes 3 Shares |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by bigjoe1000(m): 4:56am On Apr 19, 2021 |
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 25 Likes |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by copiescopy(m): 5:02am On Apr 19, 2021 |
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Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by anurd1991: 5:04am On Apr 19, 2021 |
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Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Sunnycliff(m): 5:04am On Apr 19, 2021 |
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. 39 Likes 2 Shares |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by helinues: 5:06am On Apr 19, 2021 |
2 governors out of 36 states? Still not convincing 2 Likes |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Funkeshuga(m): 5:09am On Apr 19, 2021 |
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 4 Likes |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by jlinkd78(m): 5:10am On Apr 19, 2021 |
The CBN Governor should unequivocally answer this question whether or not printing bazaar is now d new normal under this APC maladministration 10 Likes |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Ngasky(m): 5:13am On Apr 19, 2021 |
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? 6 Likes 1 Share |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by MEGAWATCH: 5:13am On Apr 19, 2021 |
Jerryherd: 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. 25 Likes 2 Shares |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by nyiamfrank: 5:19am On Apr 19, 2021 |
Jerryherd: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? 11 Likes 1 Share |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Jerryherd: 5:21am On Apr 19, 2021 |
nyiamfrank: Godwin Emefiele already answered that no physical money was printed they only got lent fiat money 4 Likes 1 Share |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by KenModi(m): 5:23am On Apr 19, 2021 |
Bellotelli: By the time inflation finishes with Nigeria, you would curse anyone who ever dares mention Buhari or Emefiele. 17 Likes |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by bewla(m): 5:25am On Apr 19, 2021 |
x 1 Like |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Nobody: 5:26am On Apr 19, 2021 |
Ok 1 Like |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by Nobody: 5:28am On Apr 19, 2021 |
Jerryherd:your thinking faculty is so flawed. 8 Likes |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by iykee101(m): 5:29am On Apr 19, 2021 |
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 7 Likes 1 Share |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by NaMe4: 5:33am On Apr 19, 2021 |
Sunnycliff: 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. 5 Likes |
Re: Wike Defends Obaseki’s ₦60 Billion Printing Claim by TGM2015: 5:34am On Apr 19, 2021 |
“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. 5 Likes 1 Share |
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