• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Trade Facilitation: Nigeria Customs, NACCIMA Strengthen Partnership

      Economic Confidential to Host 3rd Public Lecture, Unveil Books on Nigeria’s…

      Luanda Summit: AUDA-NEPAD Taps AI, Green Bonds as it Launches Marketplace…

      Tinubu Jets to Brazil After Japan Summit, Eyes Trade, Security Deals

      Comptroller-General of Customs, Bashir Adewale Adeniyi (MFR), hosted the Executive Chairman of FIRS, Dr. Zacch Adedeji,

      Customs and the “National Single Window” Project

  • National
    • NDLEA Logo

      Drug Kingpin, 5 Others Arrested as NDLEA Moves to Clear Innocent…

      Senator Shehu Buba Condoles with APC National Chairman over Mother’s Death

      Customs College Graduates 50 Officers, Urges Innovation, Discipline

      Police Repatriate Wanted Chinese Fugitive

      Prof ibrahim gambari Chief of Staff

      Reciprocity, Key to Global Relations, Says Ex-Minister Gambari

    • Government
      • African Security: Nigeria Leads from the Front By Edward Gabkwet

        Senator Shehu Buba Condoles with APC National Chairman over Mother’s Death

        CG Custom Bashir Adewale Adeniyi and Zacch Adedeji

        Is Zacch Adedeji Building Bridges for Nigeria’s Revenue Future? By Yushau…

        ACF

        Arewa Consultative Forum Engages Influencers to Amplify Northern Identity

        FG, States, LGs Share N2.001trn for July, Says FAAC

  • Security
    • General Musa Rallies African Defence Chiefs to Build Homegrown Security Solutions

      Army Hands Over Fake Major to Police in Lagos

      African Security: Nigeria Leads from the Front By Edward Gabkwet

      NDLEA Logo

      Drug Kingpin, 5 Others Arrested as NDLEA Moves to Clear Innocent…

      Military Troops in Action

      Troops Repel Bandits Attack in Katsina, Rescue Abductees in Kogi

  • Features
    • African Security: Nigeria Leads from the Front By Edward Gabkwet

      CG Custom Bashir Adewale Adeniyi and Zacch Adedeji

      Is Zacch Adedeji Building Bridges for Nigeria’s Revenue Future? By Yushau…

      Army soldiers security

      Mattress of Terror: Can Nigeria Ever Be Truly Secure? By Haroon…

      The Arrest of Ansaru Kingpins Mahmud Muhammad Usman aka Abu Bara’a, and Mahmud al-Nigeri aka Mallam Mamuda

      Ribadu and the fall of Ansaru By Senator Iroegbu

      Fixing the Fault Lines in Nigeria’s Culture of Recognition, By Mukhtar…

  • State
    • Army Hands Over Fake Major to Police in Lagos

      NDLEA Logo

      Drug Kingpin, 5 Others Arrested as NDLEA Moves to Clear Innocent…

      Military Troops in Action

      Troops Repel Bandits Attack in Katsina, Rescue Abductees in Kogi

      Police Officer

      Police Repel Bandit Attack, Arrest Child Trafficker, Rescue 11 Victims in…

      AbdulRazaq visits Babanla, other communities as new security deployments boost public…

  • Event
    • Economic Confidential to Host 3rd Public Lecture, Unveil Books on Nigeria’s…

      President Bola Ahmed Tinubu

      His Death is a National Loss, Tinubu Mourns Emir of Zuru

      Umar Lauya

      Umar Lauya Declares Candidacy for NYCN Presidency, Vows to Unite and…

      The Executive Secretary/CEO of the National Sugar Department Council (NSDC), Mr. Kamar Bakrin (L), with the CEO of Legacy Sugar Company, Alh. Abubakar Isa Musa (R), during the signing ceremony.

      NSDC, New Operators Seal Landmark Development Agreements, to Produce 400,000MT of…

      Regional Vice President Western and Central Africa at the World Bank, Mr Ousmane Diagana pays a courtesy visit to Baze University

      World Bank Vice President visits Baze University, Commends Educational Standards, Assures…

    • PR Nigeria Award
  • E-Paper
Home General Corruption: CBN Says Nigeria Wailers are Paid Agents
  • General
  • National

Corruption: CBN Says Nigeria Wailers are Paid Agents

By
Prnigeria
-
January 11, 2017
CBN
CBN
The Central Bank of Nigeria (CBN) has reacted to allegations of corruption levelled against it by Nigerian Wailers, saying that the Wailers are paid agents and would fail in their bid to distract the government from its focus.
The Acting Director of Corporate Communications, Mr. Isaac Okorafor reacted to the allegation in a conversation with the Economic Confidential.
The Nigerian Wailers had, in a statement, alleged wide-spread corruption in the administration of foreign exchange and illegally lending money to President Buhari’s administration to support the budget.
The CBN spokesperson said “The allegations are totally false and fabricated. Such a thing is not possible under the new forex system. It is not enough to make wild allegations. Those who are paid agents of selfish interests and the enemies of the Nigerian economy will fail in their bid to distract the CBN and the Federal Government from their focus on the diversification of the Nigerian economy away from import and crude oil dependency.”
Mr. Okorafor said “No amount of blackmail will make the CBN allow a practice where by our farmers and industrialists who have invested heavily and employed our youths in the production of Nigerian made rice, fish, industrial starch, palm produce, wheat, tooth pick, wines, etc would be made to close their farms and factories again”. What these charlatans and hirelings want are basically twofold. First they want the CBN to give out the nation’s scarce foreign exchange to their sponsors to import all manner of foreign goods and dump them on our markets thereby frustrating the good work our own farmers and manufacturers.
“Secondly, they want the CBN to fold its arms and allow currency speculators to drive the naira down to a level at which it will be easy for their paymasters to buy up and take control of the Nigerian economy. They have even gone to the extent of making false allegations that some banks are having trouble just to trigger panic in the financial system. These will not happen. Nigerians have rejected these foreign agents. 26 states have adopted the CBN Anchor Borrowers Progrmme (ABP). Nigeria is set to be self-sufficient in rice, fish  and wheat production. What happened during the past Christmas and new  year celebrations has proved this. It will be economically suicidal for the CBN to allocate our scarce forex to those who will engage in another escapade in senseless importation which will again discourage our local producers who have borrowed money to engage in agriculture and local manufacturing. It will be dangerous to our poor people in the rural areas and indeed to masses of Nigerian workers who are on fixed incomes for the CBN to allow speculators to drive the value of the naira to any level just for the selfish gains of the sponsors of these arrangee protests. We will not succumb to blackmail.
“Again, the issue of the CBN funding the Federal Government budget has been long addressed with clear figures which have been widely publicized. Let me once again state that the role of the CBN as banker to the Federal Government is to do exactly what we have done and within the limits specified by law.
“Or would the so called group want the CBN to withhold advances so that the government will collapse?” he concluded.
But in a statement from the Nigerian Wailers signed by its Deputy National Publicity Secretary, Mr  Fasipe Oluyemi, the group has called  on the good people of Nigeria to come out en mass for a protest (#OccupyCBN) to stop this impunity of  the Fraudulent Forex Trading, Round Tripping and racketeering going on in the Central Bank of Nigeria aided by its Governor, Mr. Godwin Emefiele and bring to an  end the Manipulation of Forex, illegally funding Federal Government budget, short-changing the Money Deposit Bank’s reserve ratio at the expense of the Masses as the abuse of internal process.
The group recalls that the apex bank’s top management carried out a backdoor recruitment exercise for the children of high profile Nigerian politicians, business men, in which the door was shut against the children of average Nigerian who may have been qualified to work in the bank on merit basis and were not allowed, but, the employment was freely handed to the children of friends and families of those in Government.
“Since the emergence of the administration of President Buhari, Forex Trading has been illegally turned to an exclusive business of the friends and family of those in power as against the principle of banking which allows for professionalism in trading and ensuring circulation to the business community for import and export of goods and services that will have direct positive impact on the economy and the people, the statement said.
Link: http://economicconfidential.com/2017/01/cbn-nigeria-wailers-paid-agents/
NOTE: Economic Confidential is a sister publication of PRNigeria 
PRNigeria

—

PRNigeria encourages institutions to be transparent in their information management as it provides news items from authoritative sources for free use by the media
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • CBN
  • Economic Confidential
  • Mr. Isaac Okorafor
Previous articleFalse Asset Declaration:CCT Resumes trial against Senate President today
Next article2016 Capital Budget Implementation: National Planning Minister Tours Faan Facilities
Prnigeria
Prnigeria
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

NDLEA Logo

Drug Kingpin, 5 Others Arrested as NDLEA Moves to Clear Innocent Pilgrims Detained in Saudi Arabia 

Military Troops in Action

Troops Repel Bandits Attack in Katsina, Rescue Abductees in Kogi

AbdulRazaq visits Babanla, other communities as new security deployments boost public safety

Senator Shehu Buba Condoles with APC National Chairman over Mother’s Death

Customs College Graduates 50 Officers, Urges Innovation, Discipline

Police Repatriate Wanted Chinese Fugitive

Prof ibrahim gambari Chief of Staff

Reciprocity, Key to Global Relations, Says Ex-Minister Gambari

Economic Confidential to Host 3rd Public Lecture, Unveil Books on Nigeria’s Economy

Police Neutralise Kidnappers, Arrest Suspects, Recover Arms in Nationwide Crackdown

Flood

Flood Alert: Heavy Rains Threaten 7 Nigerian States this Weekend August 24-24

Officers of NCS as it rounds off its Strategic Reputation Management Campaign in Zone 'D', Bauchi

Customs Consolidates Reforms as Reputation Campaign Wraps Up in Zone ‘D’

Nigerian Navy Personnel

Navy Dismantles Illegal Refining Site in Bayelsa

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • General Musa Rallies African Defence Chiefs to Build Homegrown Security Solutions
  • Army Hands Over Fake Major to Police in Lagos
  • African Security: Nigeria Leads from the Front By Edward Gabkwet
  • Trade Facilitation: Nigeria Customs, NACCIMA Strengthen Partnership
  • Drug Kingpin, 5 Others Arrested as NDLEA Moves to Clear Innocent Pilgrims Detained in Saudi Arabia 
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
General Musa Rallies African Defence Chiefs to Build Homegrown Security SolutionsArmy Hands Over Fake Major to Police in LagosAfrican Security: Nigeria Leads from the Front By Edward GabkwetTrade Facilitation: Nigeria Customs, NACCIMA Strengthen PartnershipDrug Kingpin, 5 Others Arrested as NDLEA Moves to Clear Innocent Pilgrims Detained in Saudi Arabia Troops Repel Bandits Attack in Katsina, Rescue Abductees in KogiOver 1,000 Terror Groups Threaten Africa’s Stability - UN EnvoyPolice Repel Bandit Attack, Arrest Child Trafficker, Rescue 11 Victims in BenueAbdulRazaq visits Babanla, other communities as new security deployments boost public safetySenator Shehu Buba Condoles with APC National Chairman over Mother's DeathNDLEA Arrest Widow Using Fake Pregnancy to Traffic Cocaine, Destroy Skunk in Edo, Taraba, Ondo, DeltaCustoms College Graduates 50 Officers, Urges Innovation, DisciplineKano Police Transfer 23 Officers Amid Probe into Alleged Corruption at Sheka DivisionPolice Repatriate Wanted Chinese FugitiveReciprocity, Key to Global Relations, Says Ex-Minister Gambari
X whatsapp