The Central Bank of Nigeria (CBN) practically emptied its vaults apparently to finance the presidential campaign of the Peoples Democratic Party (PDP), sources conversant with investigations into security spending in the last administration. The news platform had earlier reported the extra-budgetary disbursement of N40 billion to the office of the national security adviser and N20 billion to the Department of State Services (DSS) by the CBN, but fresh revelations indicate that the monies were released in dollar cash contrary to all money laundering regulations. They were taken directly from the dollar reserve vaults of the central bank. Security sources disclosed that in August 2014, Godwin Emefiele, the CBN governor, called a board meeting and asked for an approval of N60 billion to support the security services under a “special security intervention fund” he intended to create. Emefiele, who is also chairman of the board, told the members that the money was needed to equip the military to fight the insurgency in the north-east following a series of onslaughts by Boko Haram. Some board members reportedly cautioned him against such an audacious move, advising instead that the expenditure should be tied to procurement, but he was said to have rejected the advice. This was shortly after he had secured approval from President Goodluck Jonathan to disburse the funds. Sambo Dasuki, retired colonel and then NSA, had twice requested for N60 billion in documents seen by reporters and was only successful at third attempt following Jonathan’s intervention. In new documents, the former NSA regularly wrote to Emefiele asking him to disburse the approved money in hard currency equivalent, usually in tranches of N10 billion.
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Posted: at 4-12-2015 12:45 PM (8 years ago) | Addicted Hero
dickieponga at 4-12-2015 01:06 PM (8 years ago) (m)
Why should a bank be giving money for campaign without a way of recovery it.. The bank govnor should be called upon to ansa dese allegations cos dis is fraud of d highest orda... Na wetin na..Dis is sickening...
Posted: at 4-12-2015 01:06 PM (8 years ago) | Hero
hmmmn, these PDP people has destroyed this country long time ago, Mr jona and his guyz have looter these country money to unnecessary things. Buhari should not take it easy with all of them. they have to vomit what they have eat.
Posted: at 4-12-2015 04:45 PM (8 years ago) | Hero
This people have finished the whole money in our bank just for the campaigns, I think the CBN shouldn't have been involved in a case like this what a shame
Posted: at 4-12-2015 05:36 PM (8 years ago) | Hero
Dats how all d as PDP decampees to APC empty all their accounts to sponsor Buhari campaign too na. Dat was wat brought abt d bail out of most APC States na. Thy know how to rope Jonathan into everything jt to give him s bad name they have been wishing him to have but forgotten they are going to be worst than PDP and Jonathan regime. mxtheewww
Posted: at 4-12-2015 09:49 PM (8 years ago) | Addicted Hero
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