raker300:
spoken like a true nigerian.

Full of deceit and hypocrisy.

You in the forefront calling Peter Obi and dieziani, thieves?

Now "southern unity" is paramount to you?

Clap for yourself

SarkinYarki:
That tape must have been recorded by that Mr Arowo the first speaker and that was the Reason they cut the call claiming network failure so the could set up the recording properly..From the tape it's clear the govt had eaten into the CBNs shareholder fund reducing it to 34 billion Naira even though the law says the minimum should be 100 billion Naira which a pointer things are reallyvworse than we think

sarrki:
Against the FAKE Sahara Reporters news allegedly exposing a wire tapped conversation between the Governor of Central Bank and one of the Deputy Governors,.....

www.cbn.gov.ng
CENTRAL BANK OF NIGERIA
Press Release!!

No monies Missing, Stolen in CBN

The Management of the Central Bank of Nigeria (CBN) has been notified of a purported audio recording of selective conversations amongst the Governor, Deputy Governor and some Senior Officials. Contrary to the headline-grabbing narrative that the discussion was about a fraudulent transaction, this conversation - the beginnings of which was omitted to create a different impression - was simply to proffer solutions to a misunderstanding that affected the Bank’s balance sheet.

As publicly known the CBN was approached in 2015 by the National Economic Management Team and the National Economic Council (NEC), chaired by the Vice President, to assist State Governments with Conditional Budget Support, in the aftermath of the significant nose-dive in global oil prices and associated FAAC allocations.

In order to ensure that ordinary Nigerians workers got their salaries, pensions and gratuities, and that the economy continued to recover from recession, the Bank provided about N650 billion in loans at 9% with a two-year grace period to 35 States of the Federation.

These monies were distributed to the States monthly with documented approval of the Federal Ministry of Finance and the Presidency.
In closing the Bank’s 2018 accounts, external auditors in their Draft Account, erroneously classified about N150 billion of these loans as bad, which negatively affected the Bank’s Balance Sheet and shareholders fund.

The selective conversation being circulated was simply a discussion to ascertain why the auditors took that position and next steps to resolving it. Obviously, it soon became clear that a State Government loan cannot be classified as “bad” or “irrecoverable” when the State still exists and getting FAAC allocations.

The Bank then reached out to the Federal Ministry of Finance and they jointly gave comfort to the auditors who accepted in writing that these monies would be repaid. On this basis, the auditors reversed the negative entry and the certified that the CBN’s 2018 accounts were a true reflection of the State of Affairs.

Reconciliation of Balance Sheet items are regular conversations amongst Senior Management of many agencies and should not be misconstrued as anything but that. Had the online media which released the selective recordings sought the comments of CBN as required of journalism practice, we would have provided it.

Clearly those who listened to the audio and can easily ascertain that the conversation had nothing to do with anything fraudulent as purported. The Bank therefore urges all well-meaning Nigerians to disregard this audio and continue to trust that the Bank is doing everything it can to represent their interests in the best possible way.

Under the leadership of Governor Emefiele, the CBN has always stood for, and vigorously pursued transparency in its stewardship of public resources and policies. NO MONIES ARE MISSING OR STOLEN. The integrity of the CBN Governor remains unassailable.

He has no account in Dubai or anywhere in the world and would never convert the funds of CBN for personal use. Not in the past, not now and not ever. The use of selective wiretapped conversations of the Bank’s Management, to malign his character and integrity will never stand.

The Bank will pursue every legal means to bring the perpetrators to justice.
May 12, 2019
Isaac Okorafor
Director, Corporate Communications



Cc lalasticlala

Cc mynd44

MetaPhysical:
Few things to note here.

1. In the narrative of its press release CBN acknowledges that this conversation indeed took place. So it means it is not fake. OP correct the heading of your thread.

2. CBN says the context of the leaked portion is not fully representative of its dialogue. Therefore it is biased....but not fake.

3. CBN is part of the Sovereign Security assets and is covered under confidentiality statutes. If a news media is able to obtain raw recording of its close circle conversation then security at CBN is very laxed.

4. As a news media registered in Nigeria Saharareporters is obligated to protect national assets and security. Discoveries like this should first be tabled before custodians of Sovereign Security....rushing to internet to blow the whistle on sensitive matters like this is ethically wrong.

5. Saharareporters, if it enjoys any privilege of security clearance, should have it suspended to impact a lesson. If it does not have any such privilege its editors should be invited in by Security Agents and given training and made to sign undertakings against a repeat of such in future.

6. Saharareporters did not violate a law by merely blowing the whistle but it demonstrated an ethical deficiency, and the circumstance under which the recording was created, stored and then distributed....or the act of breaching cybersecurity at CBN to obtain the recording may in itself be prosecutable.

sarrki:
Southerners are full of bring Down syndrome

We are our own problem

Since the announcement of emiefele 2nd term in office

Hell was let loose by our people

Know money missing in cbn

It’s not idumota , sabon gari or iweka market

Quality20:
but why are northerners trying to bring down this southern man

raker300:
spoken like a true nigerian.

Full of deceit and hypocrisy.

You in the forefront calling Peter Obi and dieziani, thieves?

Now "southern unity" is paramount to you?

Clap for yourself

sarrki:
Southerners are full of bring Down syndrome

We are our own problem

Since the announcement of emiefele 2nd term in office

Hell was let loose by our people

Know money missing in cbn

It’s not idumota , sabon gari or iweka market

id911:


Yes, Buhari pays me monthly! Are you saying Buhari is now corrupt?

MetaPhysical:
Few things to note here.

1. In the narrative of its press release CBN acknowledges that this conversation indeed took place. So it means it is not fake. OP correct the heading of your thread.

2. CBN says the context of the leaked portion is not fully representative of its dialogue. Therefore it is biased....but not fake.

3. CBN is part of the Sovereign Security assets and is covered under confidentiality statutes. If a news media is able to obtain raw recording of its close circle conversation then security at CBN is very laxed.

4. As a news media registered in Nigeria Saharareporters is obligated to protect national assets and security. Discoveries like this should first be tabled before custodians of Sovereign Security....rushing to internet to blow the whistle on sensitive matters like this is ethically wrong.

5. Saharareporters, if it enjoys any privilege of security clearance, should have it suspended to impact a lesson. If it does not have any such privilege its editors should be invited in by Security Agents and given training and made to sign undertakings against a repeat of such in future.

6. Saharareporters did not violate a law by merely blowing the whistle but it demonstrated an ethical deficiency, and the circumstance under which the recording was created, stored and then distributed....or the act of breaching cybersecurity at CBN to obtain the recording may in itself be prosecutable.

MetaPhysical:
Few things to note here.

1. In the narrative of its press release CBN acknowledges that this conversation indeed took place. So it means it is not fake. OP correct the heading of your thread.

2. CBN says the context of the leaked portion is not fully representative of its dialogue. Therefore it is biased....but not fake.

3. CBN is part of the Sovereign Security assets and is covered under confidentiality statutes. If a news media is able to obtain raw recording of its close circle conversation then security at CBN is very laxed.

4. As a news media registered in Nigeria Saharareporters is obligated to protect national assets and security. Discoveries like this should first be tabled before custodians of Sovereign Security....rushing to internet to blow the whistle on sensitive matters like this is ethically wrong.

5. Saharareporters, if it enjoys any privilege of security clearance, should have it suspended to impact a lesson. If it does not have any such privilege its editors should be invited in by Security Agents and given training and made to sign undertakings against a repeat of such in future.

6. Saharareporters did not violate a law by merely blowing the whistle but it demonstrated an ethical deficiency, and the circumstance under which the recording was created, stored and then distributed....or the act of breaching cybersecurity at CBN to obtain the recording may in itself be prosecutable.

sarrki:


Am a patriot I will never be tired of enemies of the state

tempest01:
Any sane individual that listens to that audio and then agrees with that CBN disclaimer needs to check his head.

A third party transaction gone awry, and the CBN governor is thinking of illegal ways to cover it up. Talking about increasing fx rate by 1 naira or 2, and getting 100 billion cash from FG.

This is not a north or south, or APC PDP issue. We condemned Ganduje, we also have to condemn this.

500 billion naira ...tell me why that country wil not be going backwards. Expect the foreign investors to pull out their money with such daring corruption.

sarrki:


Am a patriot I will never be tired of enemies of the state

Beulah77:



I can see you are biased and one sided, APC and the north through Sanusi and Lai did more than this to PGEJ and what was your response then! Nigeria will continue to go round in circles of wickedness, backwardness and underdevelopment so let the north and Buhari administration cope with what they started because karmar is at work

sarrki:
Southerners are full of bring Down syndrome

We are our own problem

Since the announcement of emiefele 2nd term in office

Hell was let loose by our people

Know money missing in cbn

It’s not idumota , sabon gari or iweka market

wonder233:
WTF is "know money missing"?

airsaylongcon:


Even if you are going to lick ass lick it with proper grammar. It's I'm which ia a contraction of the first person singular of the verb "to be"

I am
You are...
He/She is..

We are...
They are...

I am not Am

sarrki:
Southerners are full of bring Down syndrome

We are our own problem

Since the announcement of emiefele 2nd term in office

Hell was let loose by our people

Know money missing in cbn

It’s not idumota , sabon gari or iweka market