has reportedly admitted to a scandalous recording published by
crime-exposing website SaharaReporters exposing misappropriated
However, while the admission attempted to present the tape as being
recordings from 2015/2016, the governor must have hoped Nigerians would
miss the clear discussion of refunding the missing monies to hopeful
sources in 2019, 3 years later! Below is the excerpt:
“I’m just thinking if there is surplus of one naira, just give us
then we’ll refund in 2019.”
Listen at 4.54 mins of tape Part 2: https://youtu.be/l_JNtufeedQ
The heavily breathing Emefiele was mentioning attempting to call a
certain “Mr Ayo” to bail him out. Perhaps this referenced Ayo
Babatunde, CEO of Suntrust bank, or some other cabal crony the notorious
apex bank governor enriches.
The governor in the recording appeared to be attempting to borrow
billions to offset the budget gap with a promise to make it up in 2019
(to the private banks who could lend him) via exchange rate benefits.
The central bank governor has been branded #CrookedEmefiele for many
reasons including his brazen practice of gifting private bank managers
and other cabal billions of dollars via subsidized FOREX rates.
In the audio, this FOREX subsidy scam play was prominently discussed as
the parties discussed how much benefits the cabal had realised from
FOREX subsidies as an avenue of offsetting the misappropriated billions.
Petrol importing cabal under team Buhari-Emefiele are among those
benefitting from this FOREX subsidy scam which gives them two subsidies
on the single oil import!!!
In the audio “Mr Ukeje” mentioned this hustle:
“I was just asking Mr Arowosegbe about their exchange-rate gain, the
rate they used for this year they said is already 364 which is already
very high. because if not if it were to be something lower, it would
have increased that …gain by 1 or 2 naira, that will change the whole
thing.” Listen to tape Part 1 6.14mins: https://youtu.be/F0ssBqWIIqk
The mention of the exchange rate at 364 also exposes the falsehood in
claiming the tape was referring to the 2015 state loans issue. In 2016
the Naira exchange rate was 300. It was set at 364 in 2018 which is when
the tape was evidently recorded.
CBN in its press release defense of #CrookedEmefiele had claimed the
governor does not have properties in Dubai. Another hopeless attempt at
clearing the notorious governor.
It is public knowledge that the governor loots Nigeria dry by passing
over billions of national earnings to his cronies in banks and other
wealthy cabal to hold via the FOREX subsidy scam.
Former CBN governor and now Emir Sanusi lamented that under Emefiele and
the Buhari regime, the central bank was making billionaires wealthy
everyday via FOREX subsidy gifts. The bank sells FOREX to the cabal at
unbelievable rates which immediately transfers billions of naira from
the nation’s coffers to the private cabal. See:
A perplexing report by Reuters in 2016 exposed how under his governance
the CBN had transferred as much as 100 million naira to Aliko Dangote in
subsidized FOREX gift in just 11 weeks reviewed. See:
Upon Emefiele’s retirement, he will waltz into the cabal offices and
cash his cheques.
My recent article “Is Buhari Really Seeking a Second-Term for Crooked
CBN Governor ” described some of the many scams of #CrookedEmefiele
whose demeanor in the recent tape is most shocking, hustler-like and
horribly damaging to Nigeria’s image. The secret CBN reinstitution of
COT rebranded as CAM fines on the masses allowing banks rob the poor of
N1 per 1000 at the expiration of the similar COT fine in 2016 is one
such example. Such “chancing” to feed the fat bank MDs is not done
anywhere else in the whole wide world!
Also damning in the audio was the repetitive mentioning of the
“opposition” by the bank directors. What? Is the CENTRAL bank of
Nigeria now a political party? The APC ruling party?
Nigeria is in big trouble! The chronic appointment of bankers and not
financial experts from the citizenry, to head the apex bank, continues
to keep Nigeria as a nation where the banks in suite with the Apex bank
are set up to rob the nation and pauper’s coffers to feed the few
wealthy vulturous cabal.
The opposite of Robbin Hood, a Hood Robber is at the helm of our apex
bank. Unlike Robin Hood, this man steals from the poor to give the rich.
Luckily for him the day is not coming when the poor will have nothing
left to eat than the rich because Nigeria’s poor are too broken to
Dr. Issa Perry Brimah, Whatsapp: +234-903-420-3031; +1-929-427-5305;
@CabalMustGo; @EveryNigerian; drbrimah@ ENDS.ng