Posts Tagged ‘Central Bank’

Gowon Denies Allegation Of Looting Half Of Central Bank

By Seun Adeuyi A former military head of state, Yakubu Gowon, has dismissed allegations that he looted half of the Central Bank of Nigeria (CBN), describing it as “rubbish”. Recall that a member of the United Kingdom parliament, Tom Tugendhat, had accused Gowon of looting Nigeria’s treasury when he left office. Tugendhat spoke at the […]
Socio-Economic Rights and Accountability Project, SERAP, “Letting the Big Fish Swim”

Central banks, intelligence agencies and cash

Watchers and followers of American history would readily admit that one of the most enduring scandals of the Ronald Reagan Administration was the clandestine sale of arms to Iran, at the time a sworn enemy of the US, with some of the proceeds sent to a South American Rebel group in cash. This scandal, generally […]

FAILING ECONOMY | Nigeria Kicks as JP Morgan Deletes Nigeria from GBI

By Kayode Sesan The Federal government has responded to the announcement by JP Morgan to phase out Nigeria from its Government Bond Index for Emerging Markets (GBI-EM), stating that while ‘we respect the right of the J.P. Morgan to make this decision, we would like to strongly disagree with the premise and conclusions upon which the decision […]

I Challenge Anyone.. I Have Never Stolen Nigeria’s Money – Alison Madueke

Diezani Alison-Madueke has stated that Muhammad Sanusi II, the Emir of Kano, wanted to be president of African Development Bank (AfDB) and that the former CBN governor could have been angry with her, based on the fact that “some people” close to Goodluck Jonathan frustrated his ambition to be President of AfDB. Diezani Alison-Madueke, who is currently battling with cancer, […]