Newsexpress place banner advert Yudala genuine products
CBN dismisses corruption allegation, says OccupyCBN protesters are blackmailers

By News Express on 11/01/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 474

CBN Spokesman Isaac Okorafor.
CBN Spokesman Isaac Okorafor.

The Central Bank of Nigeria (CBN) has exposed a group which called itself Wailing Wailer as paid hirelings, describing them as a bunch of blackmailers fighting for the interest of those who want to destroy the Nigerian economy. The group which goes by the tag OccupyCBN had threatened to protest efforts of the CBN to conserve scarce foreign exchange. In a statement, the CBN Ag. Director of Corporate Communications, Mr. Isaac Okorafor, described them as paid agent of some selfish interest groups and enemies of the Nigerian economy. 

He said further that “the allegations are totally false and fabricated”. According to him, there is no iota of truth to these allegations.

Mr. Okorafor said that the CBN did not allocate or sell any $12 million to anybody. He challenged the group to show proof, stating that such a thing is not possible under the new forex system. He stated that “these 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.” 

The CBN spokesman pointed out that “some powerful interests want the CBN and Government to reverse the policy on conservation of forex and sabotage the ongoing efforts to wean Nigerians from senseless importation.” He opined that they want to create markets for importers to the overall detriment of the Nigerian economy.

He went further to state that no amount of blackmail will make the CBN allow a practice whereby 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.

He noted that 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 have begun. Second, 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, he stated emphatically.

According to Mr. Okorafor, “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.” He noted that it will be dangerous to our peasants 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,” he said.

On the issue of the CBN funding the Federal Government budget, Mr. Okorafor said that this has been long addressed, with clear figures which have been widely publicised. He reinstated that the role of the CBN as banker to the Federal Government is to do exactly what had been done and it is within the limits specified by law.
He queried if the so-called group would want the CBN to withhold advances so that the government collapses?

Source News Express

Posted 11/01/2017 1:49:27 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Lagos City Mall partners Airtel, provides free Wi-Fi...

Akwa Ibom Assembly petitions IGP over citizen murder...

No fare increase at Christmas —Airline operators

Niger Gov wants Minna Airport as alternative to...

Breaking News: Fuel scarcity hits Abuja

Economy: CBN, Fiscal Authorities meet to find a...

Delta Urban Transit seeks govt. intervention over NURTW...

Okowa celebrates Edwin Clark at 90, condoles Channels...

Breaking News: Multiple bomb blasts shake Kano

World Bank to support to Nigeria’s disclosure project...

N500m demand from Peter Obi: Ben Obi a.k.a...

Navy intercepts overload oil vessel, destroys illegal refineries...

 

Latest News FG releases Unity School Common Entrance Examination results Cloudy weather to persist today with chances of rain, thunderstorms Police hunt for killers of KAI official APC commends the Senate on PIB passage Nigeria, China work on prisoners’ transfer agreement NEMA moves 270 Nigerian returnees from Cameroon PIGB: Senate approves unbundling NNPC Obasanjo, Osinbajo speak on the lessons of Biafra 2 soldiers arrested for disrupting sitting of Edo Mobile Court NYSC mobilises 2,356 corps members to Delta Kogi demolishes 18 houses used by criminals Ekweremadu canvasses total removal of age requirement for political offices

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (246,461 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (222,948 views) Shameless Genevieve Nnaji exposes breasts in public (184,733 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (165,346 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (158,377 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (138,368 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (120,835 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (118,195 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (106,209 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (102,604 views) Lagos plane crash: Journalist releases victims’ names (101,283 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (95,514 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,562) Business Verdict (16) Columnists (683) Complaints & Requests (89) Enterprise & Opportunities (153) Entertainment (322) Features (444) Global Business Monitor (151) International (1,378) Interviews (122) Live Commentary (28) Love Matters (54) News (24,710) Opinion (719) Pidgin (8) Politics (3,700) Religion (533) Sports (1,265) Stock Watch (18) AMA & Al Jazeera Global Update

 

Words on marble

 

UBA Wise Savers Promo

 

Machester United vs Ajax

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!