JUST IN: CBN Speaks On Missing N500bn From Account

The Central Bank of Nigeria (CBN) has described as misleading an audio tape alleging that N500billion was misappropriated by its governor Godwin Emefiele.

The audiotape released by SaharaReporters appears to show CNB governor, Godwin Emefiele, deputy governor, Edward Adamu, director of finance Dayo Arowosegbe and special adviser to the governor, Emmanuel Ukeji discussing how to cover up N500 billion Naira which they had allegedly invested in a private business that ran aground.

However, the CBN in a press statement on Sunday signed by Issac Okorafor said contrary to the headline-grabbing narrative that the discussion was about a fraudulent transaction, the conversation, of which the beginning was omitted to create a different impression, was simply to proffer solutions to a misunderstanding that affected the bank’s balance sheet.

“In closing the Bank’s 2018 accounts, external auditors in their Draft Account erroneously classified about N150 billion of these loans as bad, which negatively affected the Bank’s Balance Sheet and shareholders fund,” he noted.

He said the monies were distributed to the states monthly with documented approval of the Ministry of Finance and the Presidency.

The allegation comes days after president Muhammdu Buhari approved the re-appointment of Godwin Emefiele for a fresh five-year term.

This was contained in a letter sent to the Senate by the president and read on the floor of the red chamber by Senate president Bukola Saraki.

The letter entitled “Renewal of the appointment of Godwin I. Emefiele as Governor of Central Bank of Nigeria” was received in the Office of the Senate President on May 9th 2019 reads.

“In view of the expiration of the first tenure of the current Governor of the Central Bank of Nigeria on June 2, 2019, and pursuant to the provisions of Section 8 (1) and (2) of the Central Bank of Nigeria Act 2007, I hereby present for confirmation by the Senate Mr. Godwin I. Emefiele for re-appointment as Governor of the Central Bank of Nigeria for a final term of five (5) years.

“It is my hope that the Distinguished Senate will consider and confirm the nominee in the usual expeditious manner.

“Please accept, Mr Senate President, the assurances of my highest consideration.”

Emefiele was appointed in 2014 by former president Goodluck Jonathan after the suspension of Sanusi Lamido Sanusi from office.

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