We’re not aware of currency printing – Finance ministry, CBN

By AdvocateNews on 12/04/2021

Share on facebook Yahoo mail icon Gmail icon

Views: 623


The Central Bank of Nigeria had denied knowledge of claim that Nigeria printed billions of naira last month to cushion its financial trouble.

This was after the Edo State Governor, Godwin Obaseki, alleged that Nigeria printed N60bn to augment what the three tiers of government shared in March.

Obaseki reportedly stated on Thursday that Nigeria was in huge financial trouble, alleging that the Federal Government printed N60bn in March as part of federal allocation last month.

The Edo governor also expressed worry over the country’s increased borrowing, saying it was wrong to continue borrowing without a tangible plan for debt repayment.

When contacted to comment on the development, the spokesperson of CBN, Osita Nwanisobi, told one of our correspondents that he was not aware of any N60bn that was printed.

“I am not aware of that (N60bn printed by government,” he told our correspondent on Saturday.

Similarly, when contacted to speak on the N60bn that was allegedly printed in March 2021, the Federal Ministry of Finance, Budget and National Planning said enquiries on the matter should be directed to the governor who made the allegation.

The media aide to the finance minister, Yunusa Abdullahi, said the Edo State governor or the CBN should be contacted.

“Please direct your questions to the governor who made the claim or the CBN,” he told our correspondent.

Posted 12/04/2021 11:26:50 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Nigeria has become economically attractive to kidnappers –...

Nnamdi Kanu: Court okays commencement of suit seeking...

PDP, APC Supporters clash over Motion to impeach...

Nigeria @60: Afenifere, Ohanaeze fault structure, ACF demands...

Ubani collapses in EFCC custody, rushed to hospital...

125 aircraft, 13 airports for decontamination — Minister...

Confusion as gunmen shoot five at Kogi fishing...

EndSARS: Expect bigger version of protest soon –...

JUST IN: 14 killed as bandits attack Benue...

Donald Trump launches website after social media ban...

ICPC arraigns Ortom’s aide over N4.7b contract scam...

Army intercepts 154 rustled cows, arrests 44 collaborators...

 

Latest News Violence, protests rock APC congresses, factions battle in states Senator Anyanwu emerges South East PDP Consensus candidate for Secretary Policemen allegedly used PoS to extort N25,000, assault passengers We've no business with you, don’t drag us into your Anambra election – IPOB warns INEC NAF denies paying N20m to avoid shooting down Buhari’s plane APC Congress: Three factional chairmen emerge in Akwa Ibom Former US President Bill Clinton released from hospital after treatment for infection Man, 25, kills 50-year-old rival he caught in lover’s room Police detain four officers over viral extortion video ‘We begged women to urinate for us to drink to stay alive’ FIRS to spend N2.8bn on uniforms, N550m on meals I’ll chew you raw if you talk against Oyedepo where I am – Pastor Ibiyeomie

 

Most Read Ugwuanyi commends FG’s siting of ICT University in Enugu (187,612 views) Ebonyi bans embalming of corpses in homes (187,611 views) Sickle cell support group seeks government intervention (187,609 views) I’ve no Coronavirus, govt wants to kill me – Anambra Index case (187,609 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (187,607 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (187,606 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (187,604 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (187,485 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (183,366 views) ASUU strike: Senate intervention ends in deadlock (182,756 views) All you need to know about Peter Obi, PDP VP Candidate (146,644 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (145,004 views)

 

 

SECTIONS FAITH (158) EDITORIAL (18) NEWS (6,942) POLITICS (495) SOCIETY (131) SPORTS (53) BUSINESS (367) HEALTH (58) EDUCATION (49) ENTERTAINMENT (51) INTERNATIONAL (178) TECHNOLOGY (6) COLUMNISTS (57) LETTERS (4) OPINION (38)

 

 


There are no video entries posted yet.