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CBN releases consolidated statements of seven years amid probe

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NAIJA NEWS: CBN releases consolidated statements of seven years amid probe [New Naija News] » Naijacrawl
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Amid an investigation by President Bola Ahmed Tinubu’s government, the Central Bank of Nigeria has released the Consolidated Financial Statements for the last seven years.



The apex bank recently released the Consolidated Financial Statements on its website for the first time since 2015.

Accordingly, at the end of December 2022, the CBN declared a profit after tax of N103.8 billion, an increase from the N75.13 billion reported in 2021.

Also, the CBN owes JP Morgan and Goldman Sachs a combined sum of $7.5 billion as of December 2022.

“The Group entered into a securities lending agreement with Goldman Sachs and J. P. Morgan, and as part of the agreement, the Group pledged its holdings on foreign securities in return for cash. The cash received from Goldman Sachs is N0.23tn ($500m), 2021; N0.22tn ($500m), and JP Morgan N3.23tn ($7bn), 2021; N3.05tn ($7bn) is recognised in other foreign securities,” the statement partly reads.

The Daily Post recalls that Tinubu appointed a special investigator, Jim Obazee, to probe CBN and its other businesses following the removal of Godwin Emefiele.

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Ojo Sunday Victor, A Professional Graphics Designer, and a skilled Content Writer in Entertainment, News and Sport Update.!An Undergraduate in Ladoke Akintola University of Technology (LAUTECH, Ogbomoso). Read More

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Frank urges FBI to probe Chicago varsity over refusal to release Tinubu’s academic records

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NAIJA NEWS: Frank urges FBI to probe Chicago varsity over refusal to release Tinubu’s academic records [New Naija News] » Naijacrawl
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Comrade Timi Frank, a former deputy national publicity secretary for the All Progressives Congress (APC), has urged the FBI and CIA to launch an immediate investigation into Chicago State University administration for withholding President Bola Tinubu's pertinent academic records.In a statement released on Friday, Frank noted that the investigation was required to establish the validity of the certificates provided to Americans who graduated from the University.“Tin...
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Acugas: Senate to probe $10 million gas supply contract awarded by Buhari govt

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NAIJA NEWS: Acugas: Senate to probe $10 million gas supply contract awarded by Buhari govt [New Naija News] » Naijacrawl
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‘He is allergic to probe’ – Shehu Sani mocks Buhari over reported agreement with Tinubu

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NAIJA NEWS: ‘He is allergic to probe’ – Shehu Sani mocks Buhari over reported agreement with Tinubu [New Naija News] » Naijacrawl
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Shehu Sani, a socio-political commentator, has mocked former President Muhammadu Buhari after he reportedly pleaded not to be probed by his successor.Sani said Buhari was allergic to being probed and blamed after he did the same to his predecessor.The former Kaduna Central Senator recalled that Buhari blamed the previous administration for Nigeria’s problems while he was in office.Tweeting, Sani wrote: “They arrogantly oppressed, dispossessed, and killed the poor an...
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