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How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid - Politics - Nairaland

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How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by kanupapilo: 12:52pm On Aug 17
How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid?

Emefiele claimed Dangote had repaid 70% back? The question is 70% of what amount.

And how could 70% have been paid back when the refinery was not yet to complete and yet TO refine a single drop of oil at the time he made the statement.
We have now found out about Emefiele mismanagement at CBN and how he ran the institution with with reckless abandon, massive corruption and circumvented CBN rules.

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by kanupapilo: 1:00pm On Aug 17
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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by kanupapilo: 1:10pm On Aug 17
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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Zwooks: 1:10pm On Aug 17
Kikiki Dangote the grand thief of the zoo


I challenge the CBN, Emefiele, Buhari, APC to make public the dollar dealings Dangote raped the country off in building his refinery

If a private individual can have such opaque financial transactions running into billions in foreign currencies, would the country not bleed from behind ? Dangote has been gay-raping Nigeria brutally without any mercy nor any desire to stop, yet some minions want to carry and hand him the oil sector.


If Dangotes dollar dealings of the robbery of the nations foreign reserve is completely hidden, then how can Nigerians expect any sane honest benefits from dealing with such a financial criminal?

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by tricksters: 1:16pm On Aug 17
Why I thought Tinubu was the person that brought all Nigeria problem since 1999


Zwooks:
Kikiki Dangote the grand thief of the zoo


I challenge the CBN, Emefiele, Buhari, APC to make public the dollar dealings Dangote raped the country off in building his refinery

If a private individual can have such opaque financial transactions running into billions in foreign currencies, would the country not bleed from behind ? Dangote has been gay-raping Nigeria brutally without any mercy nor any desire to stop, yet some minions want to carry and hand him the oil sector.


If Dangotes dollar dealings of the robbery of the nations foreign reserve is completely hidden, then how can Nigerians expect any sane honest benefits from dealing with such a financial criminal?

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by kanupapilo: 1:16pm On Aug 17
tricksters:
Why I thought Tinubu was the person that brought all Nigeria problem since 1999


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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by kanupapilo: 1:21pm On Aug 17
Zwooks:
Kikiki Dangote the grand thief of the zoo


I challenge the CBN, Emefiele, Buhari, APC to make public the dollar dealings Dangote raped the country off in building his refinery

If a private individual can have such opaque financial transactions running into billions in foreign currencies, would the country not bleed from behind ? Dangote has been gay-raping Nigeria brutally without any mercy nor any desire to stop, yet some minions want to carry and hand him the oil sector.


If Dangotes dollar dealings of the robbery of the nations foreign reserve is completely hidden, then how can Nigerians expect any sane honest benefits from dealing with such a financial criminal?
Bode George though no saint himself did raise alarm about CBN providing loans to Dangote under opaque circumstances and the forex fraud and round tripping that goes with provided dollars at discounted rate.

He continued: “What they have done to this nation, they must all be invited for discussions because the rottenness started from them and it has been going on for years but it has exploded.”

Regarding the former CBN Governor, Emefiele, providing loans to multiple individuals like Dangote, he remarked; “Have you ever seen any Central Bank of any country giving personal loan to individuals? are we mad? you turned the Central Bank to a commercial bank, the central bank that is meant for fiscal and monetary policy, and he had the temerity to say he wants to contest for president because he has stolen so much money.”


https://www.youtube.com/watch?v=E2KiWX29yVU?si=6rZdMe9l8-J5H1sl
Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Wainey: 1:28pm On Aug 17
Dangote borrowed that money along time ago, so yes him deh pay small small since, also the refinery was partly funded by CBN and also partly by Dangotes group of companies, he didn't borrow the entire capital from CBN.
As a billionaire in dollarz, he has enough cash flow to repay his debt.
Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by kanupapilo: 1:33pm On Aug 17
Wainey:
Dangote borrowed that money along time ago, so yes him deh pay small small since, also the refinery was partly funded by CBN and also partly by Dangotes group of companies, he didn't borrow the entire capital from CBN.
As a billionaire in dollarz, he has enough cash flow to repay his debt.

How much was borrowed and how much was paid. At which rate was the dollars sold?

When did CBN turn to a commercial bank providing loans to private individuals?

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Wainey: 1:43pm On Aug 17
kanupapilo:


How much was borrowed and how much was paid. At which rate was the dollars sold?

When did CBN turn to a commercial bank providing loans to private individuals?
lolz, CBN can actually give loans to private companies and the sweet thing is that their loans comes with very low interest rate.

Yes he can repay his debt even if the refinery didn't produce a single litre of petrol, we are talking about the Africa's biggest industrialist here

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by helinues: 1:46pm On Aug 17
kanupapilo:
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Are you not the same guy posting about Dapo Apara and Bode George before the election?

Shame no gree allow you to operate those Monikers bah?

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Salewa97: 1:48pm On Aug 17
The refinery is now completed and operational.

If Emefiele was one of the supporters of the then president Buhari, does that means he was also against the current president Tinubu?

Make una think outside the box

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Kobojunkie: 2:00pm On Aug 17
kanupapilo:
✓ How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid?
Emefiele claimed Dangote had repaid 70% back? The question is 70% of what amount.
✓ And how could 70% be paid back when the refinery was still yet to be complete and refined a single drop of oil at the time he made the statment. We have now found out about Emefiele mismanagement at CBN and how he ran the institution with reckless abandon, massive corruption and circumvented CBN rules.
[/b]
My guess is something around $10-13 billion, if not more. undecided

2. Nobody really knows and Nigerians don't seem desperate for answers. undecided

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Wainey: 2:40pm On Aug 17
Kobojunkie:
My guess is something around $10-13 billion, if not more. undecided

2. Nobody really knows and Nigerians don't seem desperate for answers. undecided
CBN will not disclose money transactions they made with a private company.

E no concern anybody how much Dangote borrowed
Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Kobojunkie: 2:48pm On Aug 17
Wainey:
CBN will not disclose money transactions they made with a private company. E no concern anybody how much Dangote borrowed
Why e no concern anybody especially as the money take be my money, your money, your children money, etc? undecided

By the way,CBN is not a private entity but a Nigerian agency. So why is the transaction meant to be private again? undecided

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Wainey: 2:54pm On Aug 17
Kobojunkie:
Why e no concern anybody especially as the money take be my money, your money, your children money, etc? undecided

By the way,CBN is not a private entity but a Nigerian agency. So why is the transaction meant to be private again? undecided
You think if I borrow money from a bank, the bank will come and tell u how much I borrowed from them?
Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Kobojunkie: 2:57pm On Aug 17
Wainey:
You think if I borrow money from a bank, the bank will come and tell u how much I borrowed from them?
We are talking of the CBN here which is operated with money that belongs to the Nigerian people, not your papa bank. And yes, you can in fact query a companies financials even if done through other private banks. So, I am not certain what you are arguing or why you feel you need to engage in this, uninformed. undecided

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by kanupapilo: 3:05pm On Aug 17
Wainey:
CBN will not disclose money transactions they made with a private company.

E no concern anybody how much Dangote borrowed

The CBN is a public regulator and owes an explanation to Nigeria as it is public money that was provided to a private individual.

At what rate were the dollars sold?

Former CBN Governor Mohammed Sanusi warned against this practice.

Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Wainey: 3:10pm On Aug 17
Kobojunkie:
We are talking of the CBN here which is operated with money that belongs to the Nigerian people, not your papa bank. And yes, you can in fact query a companies financials even if done through other private banks. So, I am not certain what you are arguing or why you feel you need to engage in this, uninformed. undecided
the central bank is independent, the money in the bank is not ur money.
The govt will put in some cash so in times of crisis, it can help the govt but the CBN operates independently to some degree
Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by kanupapilo: 3:12pm On Aug 17
Wainey:
the central bank is independent, the money in the bank is not ur money.
The govt will put in some cash so in times of crisis, it can help the govt but the CBN operates independently to some degree
Money paid from taxes. CBN is entrusted with managing Nigeria money obtained from citizens.
Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Kobojunkieee: 3:15pm On Aug 17
Wainey:
↪the central bank is independent, the money in the bank is not ur money. The govt will put in some cash so in times of crisis, it can help the govt but the CBN operates independently to some degree
Now, I am particularly curious to know what it is you hope to gain from aggressively arguing from a point of ignorance. undecided

Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Wainey: 3:17pm On Aug 17
Kobojunkieee:
Now, I am particularly curious to know what it is you hope to gain from aggressively arguing from a point of ignorance. undecided
when I say central bank is independent, I am not talking about name and founders.
U need to know what the word "independent mean"
Inec is also independent

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Kobojunkieee: 3:18pm On Aug 17
Wainey:
when I say central bank is independent, I am not talking about name and founders. Inec is also independent
You are not making sense of any kind with these pronouncements of yours. undecided
Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Wainey: 3:20pm On Aug 17
Kobojunkieee:
You are not making sense of any kind with these pronouncements of yours. undecided
let me make it clear.
CBN can make policies on its own without the interference of the federal govt.
It may work directly with the federal govt but it is not depending on federal govt

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Kobojunkieee: 3:45pm On Aug 17
Wainey:
let me make it clear. CBN can make policies on its own without the interference of the federal govt. It may work directly with the federal govt but it is not depending on federal govt
You are attempting to argue that a bank that is 100% state-owned should not be required to reveal records of its transactions to the public. That just shows that you are not... lipsrsealed lipsrsealed lipsrsealed Anyways, stop distracting from the main issue abeg! lipsrsealed

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Wainey: 3:50pm On Aug 17
Kobojunkieee:
You are attempting to argue that a bank that is 100% state-owned should not be required to reveal records of its transactions to the public. That just shows that you are not... lipsrsealed lipsrsealed lipsrsealed Anyways, stop distracting from the main issue abeg! lipsrsealed
People's personal transactions with banks can't be disclosed to a third person except a court of competent jurisdiction says so.
CBN has no right to reveal dealings with Dangote to the general public
Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by kanupapilo: 4:15pm On Aug 17
Wainey:
People's personal transactions with banks can't be disclosed to a third person except a court of competent jurisdiction says so.
CBN has no right to reveal dealings with Dangote to the general public
CBN used to publish all the forex transactions it sold to individuals and corporations under Mohammed Sanusi. That changed when Godwin Emefiele became CBN Governor he ran a fantastically corrupt and opaque system.

We don't know how many under hand dealing Emefiele did and the accompanying round tripping and forex fraud that resulted in that.

Mohammed Sanusi was fervently against selling dollars at discount because it resulted in overnight billionaires who could get dollars for N200 and go to black market and sell it for N1500.

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by kanupapilo: 4:20pm On Aug 17
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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by kanupapilo: 8:07pm On Aug 17
Wainey:
the central bank is independent, the money in the bank is not ur money.
The govt will put in some cash so in times of crisis, it can help the govt but the CBN operates independently to some degree
You are ignorant of CBN roles and responsibilities.
Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by flokii: 8:14pm On Aug 17
Excellent question.. I don't know why FG is allowing that Dangote guy roam free.
A Southerner can't commit all those attrocities with the apex bank and go free.

We must demand justice.

CBN is Central Bank of Nigeria, not Central Bank of Northern Nigeria.

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Re: How Much Did CBN Borrow To Dangote For Oil Refinery And How Much Has Been Repaid by Wainey: 8:33pm On Aug 17
kanupapilo:

You are ignorant of CBN roles and responsibilities.
the CBN makes its monetary policies for the interest of the economy and is not influenced by short term political considerations.
By being free from political influence, central banks can focus on long-term goals, such as controlling inflation and ensuring stability, rather than responding to short-term political pressures.
That is why Emefiele could do rubbish when he was there, cos the bank enjoys autonomy.

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