Fidelity bank banner Camano banner
CBN dismisses corruption allegation, says OccupyCBN protesters are blackmailers

By News Express on 11/01/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,626

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 8:49:27 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Court to hear Peace Corps suit against Police...

Is leadership really the main problem of Nigeria...

‘African Spiderman’ rejects Mali president’s offer, begins firefighting...

Crisis trails INEC listing of Imo SDP guber...

PDP youths ask Sheriff to apologise to Jonathan...

Nigerian military raises concern over careless talks by...

National Conference: We cannot afford to fail Nigeria...

Wanted: Personal and institutional integrity, By Folu Olamiti...

Why we kidnapped Lagos schoolgirls —Gang Leader

Kano lawmakers move to impeach speaker

North Korea 'destroys' nuclear test site

Journalism in a Season of Anomie, By Olusegun...

 

Latest News 2019: How Igbos are working for Buhari’s re-election Passenger, conductor die over N100 Miyetti Allah insists on grazing reserve Enugu govt. pays 13th month salary to workers Drug abuse will cause generation of mad people – Group Lawmakers clear way for Buhari’s 2019 Budget presentation NBA President arraigned over N1.4bn fraud allegations, gets N250m bail Ekiti Assembly suspends LG chairmen, councilors ASUU Strike: Varsity students to resume in January: FG Couple jailed after naming their child Adolf Hitler You’re not doing enough for Igbo, MASSOB tells Ekweremadu FG opens barricaded section of Lagos/Ibadan expressway to commuters

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (431,277 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (395,644 views) Shameless Genevieve Nnaji exposes breasts in public (328,503 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (282,791 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (248,502 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,580 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,599 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,822 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (180,310 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,849 views) Lagos plane crash: Journalist releases victims’ names (167,646 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (154,073 views)

 

CBN banner Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,891) Business Verdict (54) Columnists (974) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (681) Global Business Monitor (313) International (2,842) Interview (167) Live Commentary (28) Love Matters (147) Maggie's Blog (79) News (41,556) Opinion (1,154) Pidgin (13) Politics (8,231) Religion (920) Sports (1,830) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera