The Central Bank of Nigeria and the Federal Ministry of Finance, Budget, and National Planning have said they are not aware of the N50-N60 billion Edo state governor, Godwin Obaseki, alleged was printed and disbursed to states to cushion the economic meltdown in the states.

Governor Obaseki at a meeting in Edo last week alleged that the Federal government printed between 50-N60bn to augment what the three tiers of government shared in March.

“When we got FAAC for March, the federal government printed additional N50-N60 billion to top-up for us to share,” Obaseki had said.

This April, we will go to Abuja and share. By the end of this year, our total borrowings is going to be within N15-N16 trillion. Imagine a family that is just borrowing without any means to pay back and nobody is looking at that, everybody is looking at 2023, everybody is blaming Mr. President as if he is a magician” he said

Read the full story and quote here: https://matrixliveng.com/we-are-not-aware-of-currency-printing-mofcbn

These people think they are smart.

Its a simple question. Either yes or No is needed.


Saying they are not aware is an admittance that it was done without their involvement.