Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • "We are Alert, Watching, Taking Notes and Keeping Records"-AIG Maritime

      May 6, 2025
      0
    • Nigeria Customs Launches Form M On Indigenous Platform

      May 6, 2025
      0
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • Oyetola Celebrates Maritime Workers on 2025 Workers’ Day

      May 1, 2025
      0
    • Custom Intercept Drones, Fake Drugs, Renovate Public School In Lagos

      May 1, 2025
      0
    • NIGERIA ENDORSES AMENDMENTS TO EIGHT ILO CODES

      Apr 29, 2025
      0
    • NLNG Launches VIBES For Entrepreneurial Community Development

      Apr 29, 2025
      0
    • Maritime Police Assures Safety As Dockworkers Protest

      Apr 28, 2025
      0
    • OTC 2025: Tanatita Upscale Security Efforts, Seek Collaboration and Partnerships

      Apr 28, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • “We are Alert, Watching, Taking Notes and Keeping Records”-AIG Maritime

  • Nigeria Customs Launches Form M On Indigenous Platform

  • Maritime Police Boss Celebrate Workers

  • Oyetola Celebrates Maritime Workers on 2025 Workers’ Day

  • Custom Intercept Drones, Fake Drugs, Renovate Public School In Lagos

FeaturedNews
Home›Featured›Your Money Intact-CBN Assures

Your Money Intact-CBN Assures

By Editor
May 13, 2019
1172
0
Share:

Mr. Godwin Emefiele, CBN Governor

There is no money missing or stolen from the Central Bank of Nigeria’s coffers as reported in some section of the media, the bank’s spokesman Isaac Okoroafor said.

Okoroafor, the Director Corporate Communications, made the refutal in a statement on Sunday while reacting to a recent article and audio clips in which the CBN Governor and other senior officials were heard discussing discrepancies in the bank’s accounts.

Okoroafor said that the audio was distorted in a manner which creates a different impression of the matter being discussed, which was 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 chaired by the Vice President, to assist State Governments with Conditional Budget Support.

“This happened in the aftermath of the significant nose-dive in global oil prices and associated FAAC allocations.

“In order to ensure that ordinary Nigerian 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 per cent 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,” he said.

Okoroafor urged Nigerians to disregard the audio and continue to trust that the Bank is doing everything it could 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. 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,” he said.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

Why We Made Provisions For IDPs-NIMASA

Next Article

Amaechi Okays China Loans

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Customs OperationsNews

    Ag CGC: Administratively Very Competent and Efficient Officer-Shittu,

    Jul 14, 2023
    By Editor
  • News

    IMO, MOWCA Synergize On Maritime Security, Safety, Environment

    Oct 7, 2022
    By Editor
  • News

    National Discourse With Distinguished Maritime Personalities Set to Hold

    Oct 24, 2023
    By Editor
  • News

    NSML Fleet Officers’ Conference: “Optimizing Our Potentials”-MD

    Nov 27, 2023
    By Editor
  • News

    Captain Warredi Bags Double Hounours At Highstone Global University Texas USA

    Dec 9, 2024
    By Editor
  • FeaturedNews

    Nigerian Appointed Deputy Secretary General of UN

    Dec 15, 2016
    By Editor

Leave a Reply Cancel reply

  • Maritime InfoNews

    CMA CGM SUSPENDS PEAK SEASON SURCHARGE

  • News

    Thousands of Migrants Detained in Libya

  • News

    Sowore Gets Govt N200k

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

“We are Alert, Watching, Taking Notes and Keeping Records”-AIG Maritime

Charge Maritime Stakeholders to be Law Abiding   The Assistant Inspector-General of Police in charge of Nigeria’s Maritime Police Command, Lagos, AIG Musa Yusuf Garba, psc(+), IIPS, PSPS, has reiterated ...
  • Nigeria Customs Launches Form M On Indigenous Platform

    By Editor
    May 6, 2025
  • Maritime Police Boss Celebrate Workers

    By Editor
    May 1, 2025
  • Oyetola Celebrates Maritime Workers on 2025 Workers’ Day

    By Editor
    May 1, 2025
  • Custom Intercept Drones, Fake Drugs, Renovate Public School In Lagos

    By Editor
    May 1, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved