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Tinubu s energy sector ministerial appointments inspire little cheer

Nigerian Tweeps Demand Buhari, Emefiele s Imprisonment For Reportedly Using Foreign Reserve As Collateral For Loans

Nigerians on X, formerly known as Twitter have called for the immediate prosecution and imprisonment of former President Muhammadu Buhari and the suspended governor of the Central Bank of Nigeria(CBN), Godwin Emefiele for allegedly using the country’s foreign reserve as collateral for loans. SaharaReporters on Friday reported that the Central Bank of Nigeria said it owed some foreign banks and two US-based companies, The Goldman Sachs Group and JPMorgan Chase & Co. a sum of $13.8 billion, equating to about N10.6 trillion. 

CBN loans from foreign banks may cost Nigeria 40% of foreign reserves

CBN loans from foreign banks may cost Nigeria 40% of foreign reserves
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