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Nairaland Forum / Nairaland / General / Politics / PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions (4785 Views)
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PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by LRNZH(m): 3:32pm On Jan 22, 2015 |
![]() ![]() ![]() ![]() While Nigerians continue to wallow in abject poverty, the number one banker, Godwin Emefiele who should be managing her wealth has suddenly found a new love of wasting the nation’s money recklessly. This is coming barely six months after he mounted the saddle of the Central Bank of Nigeria (CBN) as its Governor. At a time when the Naira is gradually devalued in the international market, the top banker has used the collective wealth of the people to purchase mind boggling properties; the type never seen in the history of the financial institution. These properties we gathered from very reliable sources are for the Deputy Governors and Directors who are already living in eye popping mansions at the expense of the poor voters. The governor, who took office on June 3, from Sarah Alade, who acted as the CBN Governor following the illegal suspension of the former Governor, Sanusi Lamido Lamido on the allegation of financial recklessness may just have been engaged in more of what Sanusi Lamido was accused of and suspended for in just few months at the helm of affairs of the country’s apex bank. Insider sources who got uncomfortable with his Emefiele itchy finger confided in this reporter that billions of Naira have been removed from the coffers of the CBN just to rebuild the official residence of the governor located on Missouri Street, Maitama, Abuja, while several other billions vanished into thin air all in the name of acquiring new properties that are never needed for the Deputy Governors and Directors. Surprisingly, the Governor’s properties gulping the nations billions was built just in 2009 by immediate past Governor, Sanusi Lamido Sanusi, who was tired of wasting money for hotel accommodation or rented mansions. Despite staying in these luxurious mansions free, Emefiele still pockets home a princely sum of N400 million as accommodation when he resumed office. The CBN boss who is believed to live a life of waste and affluence we gathered was not comfortable with the one built by Sanusi, and decided to buy adjoining properties to the existing mansion which is estimated to be N500 million. Not done with that, he signed away billions to demolish the parts he doesn’t like and rebuild The properties bought by Emefiele we can report is owned by one Abubakar Aliyu who is behind the purchase of NITEL properties in the FCT. This property seller was a major contractor to the Nigerian National Petroleum Corporation (NNPC) and also owns A.A Oil Limited. Four houses with three of it located in the rich hub of Maitama were also bought by the governor and billions havce been pumped in to renovate them all for the enjoyment of the Deputy Governors, while 10 units of houses purchased for the Directors of the bank at Wuse II, Abuja are also nearing completion. The very reliable sources revealed that the Director’s apartment at Wuse was bought at the huge sum of N1.7 billion which is a total of N17 billion. In a clear case of daylight corporate fraud, the purchased properties were advertised to the public for N520 million per unit, before the Governor did abracadabra to the rest billions. One of the source stated that it is not clear what resulted to the sharp increase of a unit of the houses from N520 million to N1.7 billion. Efforts to get CBN officials to respond to our findings proved abortive as mails sent to the Media Relations Unit and the Anti-Corruption unit of the Bank failed to yield any result. http://newsrescue.com/17-billion-fraud-cbn-governor-spends-nigerias-money-needless-mansions-photos-included/#axzz3PUoyjYzL |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by Nobody: 3:39pm On Jan 22, 2015 |
Because we Nigerians diverted our minds to the elections and full support of Gej ..you think we are blind.. Guy we are coming back for you ![]() 7 Likes |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by Nobody: 3:41pm On Jan 22, 2015 |
Caught |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by eluquenson(m): 3:43pm On Jan 22, 2015 |
Serious spending yet he refused to print mint notes for us. There is God oh 1 Like |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by herald9: 3:45pm On Jan 22, 2015 |
Damn! How I wish stealing was corruption ![]() 11 Likes 1 Share |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by RichDad1(m): 3:46pm On Jan 22, 2015 |
Only in Nigeria. ![]() ![]() ![]() ![]() ![]() 1 Like |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by Trut(m): 3:47pm On Jan 22, 2015 |
@OP, Adonbilivit, that mansion doesn't worth N200 million. Take your s!lly propaganda elsewhere. 10 Likes |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by ArchEnemy(m): 3:48pm On Jan 22, 2015 |
Some peeps will keep taking big bites off the national cake till they ve national diarrhoea...hmmm 1 Like |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by sCun: 3:53pm On Jan 22, 2015 |
Nonsense story from a useless website. 1 Like |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by aresa: 3:53pm On Jan 22, 2015 |
While some thoughtless losers are killing themselves over certificates... This is what they do with their certificates of course... ![]() 1 Like |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by LRNZH(m): 3:54pm On Jan 22, 2015 |
Trut: I didn't do the investigation. There's a source in the OP. That said, in Abuja, a N200 Million mansion can easily go for N400Million in a choice area. Notice that N520Million was the asking price for those mansions. They could have been bargained for less. 1.7Billion per mansion is outright fraud. 1 Like |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by Nobody: 4:00pm On Jan 22, 2015 |
I need to learn yahoo sharply Chisos billions of naira ![]() |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by RedArrow: 4:06pm On Jan 22, 2015 |
Stealing is not corruption This is ordinary stealing But if you insist, we'll set up a committee to look into it. 1 Like |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by major466(m): 4:13pm On Jan 22, 2015 |
Another desperate propaganda move to take the heat off pa Buhari and his certificate mess. Not happening. 5 Likes |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by Nobody: 4:17pm On Jan 22, 2015 |
It's an official property not his personal home..which means after office, he leaves it. It's like complaining that the govt house in your state is too expensive |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by LRNZH(m): 4:18pm On Jan 22, 2015 |
major466: That's how Stella Oduah was protected until the voice of the people prevailed. liberty300: But but.... Haha You assume Nigerians are stupid. The kickback from inflated sales price goes into someone's pockets. 2 Likes |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by PervRocker: 4:19pm On Jan 22, 2015 |
Trut:read ur post over and over again until u finally see it. |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by oduastates: 4:31pm On Jan 22, 2015 |
Absolutely Corrupt warrant officers |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by Nutase: 4:34pm On Jan 22, 2015 |
politics and beef. |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by SLIDEwaxie(m): 4:40pm On Jan 22, 2015 |
How are those yeye properties worth 2billion talk less of 17? I dislike exaggeration. That being said, don't worry, buhari will jail them all... Properties will be seized and sold to the public... |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by FreeGlobe(f): 4:45pm On Jan 22, 2015 |
SLIDEwaxie:na your people #forwardnigeria |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by LRNZH(m): 4:48pm On Jan 22, 2015 |
SLIDEwaxie: Read the OP carefully. 10 units of houses at inflated price of N1.7Billion each will total N17Billion. LRNZH: |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by waternogeteneny: 4:54pm On Jan 22, 2015 |
[size=18pt]As long as it is the property of the central bank then APC can go and hug transformer.[/size] 2 Likes |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by LRNZH(m): 5:02pm On Jan 22, 2015 |
waternogeteneny: Section 58 (4a) of the Public Procurement Act No. 14 of 2007, states that it is a crime to procure government property above the prevailing market price. PDP doesn't understand or follow the law. 2 Likes |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by Bugatie(m): 5:05pm On Jan 22, 2015 |
Abeg allow the man settle in his new office before you and your ilk start distracting him. Newrescue my foot, useless source 1 Like |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by dustydee: 5:34pm On Jan 22, 2015 |
Chai! ![]() I don't believe the figures are correct though but then you can never tell . . . |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by HzRF(m): 5:35pm On Jan 22, 2015 |
Mtcheew Latter dem go come say PDP dey hold on to straw Na pipe APC dey hold on to Ur illiterate "Messiah" never returned d ptf fund u no see that to talk about |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by halimaabi: 5:38pm On Jan 22, 2015 |
Propaganda pull him down syndrome. |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by Change2015(m): 6:04pm On Jan 22, 2015 |
This is why we desperately need the whistle-blower law. #change #GMB #APC |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by LRNZH(m): 6:43pm On Jan 22, 2015 |
GEJ's body language encourages corruption. This story is another evidence of it. 2 Likes 1 Share |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by ntyce(m): 7:21pm On Jan 22, 2015 |
Even though I don't encourage such but as a bank MD, he can afford an apartment like that. |
Re: PHOTOS: CBN Governor Spends N17Billion Fraudulently On Mansions by SLIDEwaxie(m): 7:22pm On Jan 22, 2015 |
LRNZH:the houses are uncompleted, and as a building engineer, each house cannot cost 900 million even if you buy the land for 500millieaceach... |
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