That former CBN’s Dep. Gov’s hint on $7Bn ‘dash’ to 14 banks in 2006
Poser: Was the $7bn taxpayers’ fund a bailout really of a surreptitious attempt by then CBN leadership to channel parts of Nigeria’s foreign reserves to select Nigerian banks for management which later turned ‘dash’ for the banks? Let’s start like…
Where is the over $35bn Obono-Obla recovered for FG at NEXIM Bank?
Though the Federal Government has rushed and sacked the former chairman of the Special Investigation Panel for the Recovery of Public Property (SPIP), Okoi Obono-Obla on grounds of corruption allegations, it is still important to review some of the revelation…
(Special Report) How banks’ joined forces to kick out Obono-Obla from SPIP
Fresh fact has emerged on why former chairman of the Special Investigation Panel for the Recovery of Public Property (SPIP), Okoi Obono-Obla, was sacked. Though earlier reports presented issues of persecution by an aide of Vice-President Yemi Osinbajo for his…
NDIC still mute on recovering N620bn banks bailout under Sanusi at CBN
Barely three weeks after the embattled chairman of Special Presidential Panel on Recovery of Government Funds and Property, Barr Okoi Obono-Obla, gave a clear indication that plans are on to recover the over N620bn dashed out to about nine to…
NDIC silent on $7bn bailout recovery plan, seeks ethical banking standards
Contrary to general believe that the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN), through which the N620bn (about $7bn) bailout was lavishly given out to nine banks during the 2006 to 2008 banking shakeups will…
