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Naira Marley VS EFCC

The EFCC says it will arraign musician, Afeez Fashola aka Naira Marley, anytime from now.
The singer was arrested on Friday morning by the EFCC in connection with alleged Internet fraud and money laundering.

He was arrested alongside Zlatan Ibile whose real name is
Temidayo Omoniyi and other suspects Tiamiu Abdulrahman, Adewunmi Adeyanju and Musa Abubakar — following an early morning raid at 9, Gbangbola Street, Ikate, Lekki, Lagos.

The Commission last year launched Operation Cyber Storm to curb the activities of internet fraudsters, with over 150 suspects reportedly arrested across the country so far.

No Money Missing in CBN

There was a recording that was recently released with the voices allegedly belonging to the Governor, Deputy Governor and some senior officials of the bank.
The statement said contrary to the narrative that the discussion was about a fraudulent transaction, the beginning of the conversation was omitted to create a different impression to a misunderstanding that affected the bank’s balance sheet.

President, to assist state governments with Conditional Budget Support, in the aftermath of the significant nose-dive in global oil prices and associated Federation Account Allocation Committee allocations.

“In order to ensure that ordinary Nigerian workers got their salaries, pensions and gratuities and that the economy continued to recover from a recession, the bank provided about N650bn in loans at nine per cent with a two-year grace period to 35 states of the federation.

“These monies were distributed to the states monthly with documented approval of the Federal Ministry of Finance and the Presidency.”

The statement said in closing the bank’s 2018 accounts, external auditors in their draft account, erroneously classified about N150bn of the loans as bad, which negatively affected the apex bank’s balance sheet and shareholders’ fund.

It said the selective conversation being circulated was simply a discussion to ascertain why the auditors took that position and next steps to resolve it.

Culled From Punch

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