YMonitor Issue 021: Fuji House?4 October 2019
YMonitor Quarterly Show: The push factors: Keeping Nigerians in Nigeria6 October 2019
by Eyo Emmanuel
Please who wants to get help? Lol! If you did MMM then you know what I’m talking about. The CBN in 2006 apportioned $7 billion out of the nation’s foreign external reserves. Nigerian banks that were included to manage the reserves were; Guaranty Trust Bank, Eco bank, Fidelity bank, Zenith bank to mention a few.
An undisclosed source who worked as a manger at a bank claims the global recession of 2008 hit a lot of banks and some were unable to recover fully making payments of this loan a rather herculean task. Currently the management or lack there of is being investigated by the EFCC.
What is the film trick that’s happening to explain how $7 billion can’t be accounted for? Or just like MMM is the money frozen and are we to wait for it to “thaw”?
What ever it is we need answers
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