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CBN denies Obaseki’s tale of N60bn printed

The Central Bank of Nigeria had denied knowledge of claim that Nigeria printed billions of naira last month to cushion its financial trouble.

This was after the Edo State Governor, Godwin Obaseki, alleged that Nigeria printed N60bn to augment what the three tiers of government shared in March

Obaseki reportedly stated on Thursday that Nigeria was in huge financial trouble, alleging that the Federal Government printed N60bn in March as part of federal allocation last month.

The Edo governor also expressed worry over the country’s increased borrowing, saying it was wrong to continue borrowing without a tangible plan for debt repayment.

When contacted to comment on the development, the spokesperson of CBN, Osita Nwanisobi, said that he was not aware of any N60bn that was printed.

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