Jerryherd:



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

Fiat money backed with what? All money in circulation must be an outcome of services rendered or goods produce.
What CBN did is as good as printing digital money. Now there's more naira in circulation without commensurate increase in production in goods or services. That's inflation and Obaseki is right.

punisha:
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!

Printing money is not morally wrong, Mr Economist. The money you have been spending all these years were printed. And you equally see new notes in circulation from time to time, did you actually think that those money were digged up from the ground?
There was a thread here few days ago about how UK, USA, Chaina, SA, etc printed money, trillions in naira equivalents. If Nigeria with GDP of over 400 billion dollars decided to print 125 million dollars, I don't think it is worth crying over.
The problem is that many of you don't understand how this thing works, in most cases, you guys just go with the crowd.

Learn to read before you comment. Trust me you are just frustrated.

Funkeshuga:



stop your foolish comparison, who care about PDP and APC, foolish citizens


with your Likes, I just want this country to split. enough of having majority of stupid voters


nonsense

grossintel:
There is everything wrong with the government printing money and No! Many governments don't do it, it's mostly poor countries with dumb leaders who do it. If Nigeria keeps doing this we'll end up like Zimbabwe.

Go and check your facts, or let me help you, just Google the countries that printed money during the COVID-19 crackdown, you will thank me later cos you have been schooled.

Don't forget, The Honourable GEJ sacked Sanusi (a northerner) and replaced him with Chairman Godwin Emefiele (a southerner). PMB re-nominated him (the southerner) for the job in 2019.
We love 9ja history.


BREAKING: President Jonathan appoints Zenith Bank chief as new CBN governor
By Ini Ekott February 20, 2014


https://www.premiumtimesng.com/news/155478-breaking-president-jonathan-appoints-zenith-bank-chief-new-cbn-governor.html



President Jonathan Appoints Zenith Bank Chief As New CBN Governor 10:59pm On Jan 13, 2015

https://www.nairaland.com/2092034/president-jonathan-appoints-zenith-bank

eldeens:


Go and check your facts, or let me help you, just Google the countries that printed money during the COVID-19 crackdown, you will thank me later cos you have been schooled.

I'm not Googling shit, when money is printed out of thin air in exchange of nothing inflation is the end result. Why not let everyone print money so we don't have to work? Nonsense.

Unless I do not fully understand, it seems wike is not aware of the money printed. It also seem as if obaseki happens to be the only one who knew about this. I probably do not understand either obaseki's statement or wike's response.

too much talk has pushed woke out of point.
the CBN governor clearly admited the printing of billions and also claimed it's done everywhere in the world.
why the excess noise from the noise maker?
what's wrong in paying back the money you were borrowed?

The most painful part is that 30 billion of the money will end up in private pockets

punisha:
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!

the CBN governor didn't deny printing of money, infact he clearly admitted itba d gave his reasons while also citing examples that's it's been done all over the world.
what is wike point now.
shouldn't states pay back the money that was loaned to them again?

We are students of history

Ask what happened in Venezuela and Zimbabwe.

Anybody claiming Nigeria's GDP is 400 billion is confused.

How can a country with such GDP be less developed than most poor countries

and Behind South Africa, Namibia, Angola and Kenya

Even war torn countries

Amaechi2023:
too much talk has pushed woke out of point.
the CBN governor clearly admited the printing of billions and also claimed it's done everywhere in the world.
why the excess noise from the noise maker?
what's wrong in paying back the money you were borrowed?

MEGAWATCH:


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.

I think you should go and read the CBN governor statement on why they printed money.
una dey lack behind oo.
instead of watching news, una go dey watch zee world..

Money heist in the building

sentix:
We are students of history

Ask what happened in Venezuela and Zimbabwe.

Anybody claiming Nigeria's GDP is 400 billion is confused.

How can a country with such GDP be less developed than most poor countries

and Behind South Africa, Namibia, Angola and Kenya

Even war torn countries

don't just be student of history, be student of rational thinking.

Nigeria GDP can be over that amount and yet we are still poor.
having 1 million as salary is a huge amount when you have just 2 children to train.
but having same 1 million with 50 children is pure poverty.
Nigeria GDP is highest in Africa but GDP per individuals we are one of the lowest.

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

you dey talk like say you no know wassup.

Masterito:
Learn to read before you comment. Trust me you are just frustrated.

learn to read what exactly? you mean that gibberish imbecilic post you cooked up there?


there are some post that are good to be overlook, it can reduce one IQ


seek help and redress your derailed mental state. APC and PDP have fúcked you people timelessly and you're here defending foolishness

They should have REJECTED the money.

AustineCJ:
I still wonder how people argue this news..... honestly we all know this APC government can do anything negative at all. Like what on earth have they not done since 2015 they took power ? This guys are shameless ....so they did it.

Stop this boy.this is nonsense.where is your evidence? So because you hate apc,you now believe that they printed money? Pity you.people will judge you same way

Mikehot:
obaseki is not a man that talks anyhow,


He is not a slave that can't say truth to the face

He is not a career politician, he still has supreme Court to cross, he only says what is true about fg

How did he know? A politician is capable of any lies.he is in pdp and can easily lie about them.how did he know? Was he there

From time to time money are printed as our legal tender cannot last 6months d way we handle & mutilate notes.
My question did obaseki & other governors collect physical printed cash?

helinues:
2 governors out of 36 states?

Still not convincing

I am with you brother, just that if one dosent agree with you then he says all sort of rubbish to drag you to the mud, practice of printing money is a global trend, US, UK even China printed Money to sustain their economy, nobody hears about them, but since its Nigeria, where we have bunch of illiterate full of hatred will never see it a good idea.

And most people thought that CBN printed hard copy notes and share among states oo, not knowing that, the money was electronically transferred to the affected states.

naijanaso:


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.

Let obaseki tender his own share of d printed #60n as evidence.

sentix:
We are students of history

Ask what happened in Venezuela and Zimbabwe.

Anybody claiming Nigeria's GDP is 400 billion is confused.

How can a country with such GDP be less developed than most poor countries

and Behind South Africa, Namibia, Angola and Kenya

Even war torn countries

Yup, we love to study and learn from history. Some developed/colonial/western nations have had a playbook to destroy the economies of some developing countries/colonies that didn't tow the line for quite a while. We all know Robert Mugabe and Hugo Chávez were on the sh*t list. It still goes on today. As far as Naija's non GDP developmental progress, The UK has been raping the amalgamated protectorate since the 19th century. Very tricky d-evils.

Here's one example from history.

"American Revolution
The use of counterfeit money has been used as a strategy in warfare for centuries. ... To counter this, Great Britain enlisted teams of counterfeiters to travel throughout the American Colonies, placing their counterfeits into circulation in the hopes that it would cause an economic disaster.
Motive: Colonial loyalist who served in British ..."

Criminal charge: espionage and counterfeiting

David Farnsworth was a Colonial-era American Loyalist. He was a British agent during the American Revolutionary War. George Washington had him hanged for his involvement in a plot to destroy the American economy by placing counterfeit money into circulation.

The use of counterfeit money has been used as a strategy in warfare for centuries.[3] The idea is to flood the enemy's economy with fake money, thus devaluing the real money and causing an economic collapse, rendering the enemy unable to fund their side of the war. During the American Revolutionary War, the Continental Congress decided to create a new Continental currency to fund the war. Among the people enlisted to print this new currency was Paul Revere.[4]

https://en.wikipedia.org/wiki/David_Farnsworth#:~:text=American%20Revolution,-Farnsworth%20initially%20joined&text=The%20use%20of%20counterfeit%20money,strategy%20in%20warfare%20for%20centuries.&text=To%20counter%20this%2C%20Great%20Britain,would%20cause%20an%20economic%20disaster.

grossintel:
I'm not Googling shit, when money is printed out of thin air in exchange of nothing inflation is the end result. Why not let everyone print money so we don't have to work? Nonsense.

Lazy youth

Who told you they printed hard copy of the notes, I didn't know I am conversing with an olodo. That's not how it works, let me school you. CBN did not printed hard copy of that N60b to be shared among states, what CBN did was creat money, and wired the money to the states account to sustain the economy during the COVID-19 crackdown, CBN prints hard copy money only to replace the mutilated notes or when it introduces new notes.

Obaseki and Wike are ignorant of what they are saying, Obaseki can be asked, how did he collects his money, was it in cash or transfered?

eldeens:


Lazy youth

Who told you they printed hard copy of the notes, I didn't know I am conversing with an olodo. That's not how it works, let me school you. CBN did not printed hard copy of that N60b to be shared among states, what CBN did was creat money, and wired the money to the states account to sustain the economy during the COVID-19 crackdown, CBN prints hard copy money only to replace the mutilated notes or when it introduces new notes.

Obaseki and Wike are ignorant of what they are saying, Obaseki can be asked, how did he collects his money, was it in cash or transfered?

It's obvious you're a fool. Did I mention CBN printed hard copies of the Naira note. Before you open your mouth and start offering free lectures, read properly! Was any services sold or rendered in exchange of the printed sum? Was oil sold? Go back to school and study the economic implications of printing money in exchange of nothing!

AllenSpencer:


Wike has never been brilliant since his days in RSUST Nkpolu Port Harcourt.

How he became a governor still amazes Earth.

Wike can't even manage a kiosk successful, how much more a State.

If not for gang violence and thuggery in Rivers, Wike can never come close to being a Local Government Chairman

Your post summaries your cerebral quotient...almost like you are describing yourself puah#

You left the issue at stake but instead chose to rain aspersions on yourself a clear case of fallacy ( Error in reasoning)...if you had any iota of cognitive potency you would have known that what Wike is simply saying is that the CBN come out straight to disprove Obaseki's claims instead of the baseless hissy fit.

According to you Wike is not brilliant but he is a law graduate and a registered member of the bar and yet still a 2 term governor and yet you the brilliant judge in here struggling to survive what an irony.

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

You don't know nothing !!!

Please should I tell him ?

AmazingELixir:



Your post summaries your cerebral quotient...almost like you are describing yourself puah#

You left the issue at stake but instead chose to rain aspersions on yourself a clear case of fallacy ( Error in reasoning)...if you had any iota of cognitive potency you would have known that what Wike is simply saying is that the CBN come out straight to disprove Obaseki's claims instead of the baseless hissy fit.

According to you Wike is not brilliant but he is a law graduate and a registered member of the bar and yet still a 2 term governor and yet you the brilliant judge in here struggling to survive what an irony.

Dunce!

Did you factor what I was responding to?

Lengthy gibberish on a Monday.

And mind you, not everyone is a pauper like you. Its wrong to conclude everyone belongs to your class.

Cnach:

so u are educated and you hv got no concern over the countries economy but the campaign and election coming up next two years?
sometimes l begin to see meaning in rude boys talks of calling apc supporters zombies, nawa o.
Any way, even herdsmen were educated on how to carter for their cows..so...rubbishes

You obviously have a side
I never mentioned any party in my submission.
I said POLITICIANS.
You blindly profiled me
You're the Zombie here.

grossintel:
It's obvious you're a fool. Did I mention CBN printed hard copies of the Naira note. Before you open your mouth and start offering free lectures, read properly! Was any services sold or rendered in exchange of the printed sum? Was oil sold? Go back to school and study the economic implications of printing money in exchange of nothing!

Well said; except the insults
However, the 'exchange and trade' context in which you're arguing only applies if the cash is shared on the streets or anywhere as giveaways not credits.

Esseite:


For you to think printing money means literally physical cash to the tune of N60bn.

What is the meaning of Printing in your hamlet?
Or diea crediting electronically means printing in your vocabulary?

sentix:
if you are an educated nigerian
then I weep for this country
don't talk about what you don't know, picture of governors carrying money ���

So tell me how the printed money was shared. Or can you check your dictionary for the meaning of *PRINTING*