A New Revelation: $3.4 billion exchange in one transaction below market price [video]

If this allegation is true, it would be very unfortunate. Did you read $3.4 billion exchange in one transaction below market price? Very unfortunate – and what a country! Possibly, that was the reason they did not open the Central Bank of Nigeria books for years. O di egwu (ordinary differential equation for a few, but “mystically wonderful” for others) .

The current audit of the CBN books will be a massive RELEVATION in Nigeria and could explain why Naira moved from N197/$ to N750/$ within 8 years.

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If this allegation is true, it would be very unfortunate. Did you read $3.4 billion exchange in one transaction below market price? Very unfortunate – and what a country! Possibly, that was the reason they did not open the Central Bank of Nigeria books for years. O di egwu… pic.twitter.com/pukwTN6dmY

— Ndubuisi Ekekwe (@ndekekwe) August 23, 2023

Comment on Feed

Comment 1: Money heist. Economic banditry. We have neither money nor refinery, so it’s loss, loss.

At the end of the day it changes nothing, because thieves don’t catch thieves.

They all got national awards, remember, from MON to GCFR.

Children of perdition on steroid.

Comment 2: Prof.. it’s seems your tides of your admiration is shifting oh! Or has this revelation put a dent in the “Dangote System”?

My Response:

I do not have a side. I only report news and analyze data. Dangote does good, I praise him. If he does bad, I say so. I have no agenda. So, your "shift" is wrong. I do not shift. The problem in Nigeria is the notion that Tinubu, Dangote, Obi, etc can only be bad or good…

— Ndubuisi Ekekwe (@ndekekwe) August 23, 2023

I do not have a side. I only report news and analyze data. Dangote does good, I praise him. If he does bad, I say so. I have no agenda. So, your “shift” is wrong. I do not shift. The problem in Nigeria is the notion that Tinubu, Dangote, Obi, etc can only be bad or good irrespective of what he/she does. That is not how I work. Dangote is admirable but that does not mean we cannot point out issues when we see so.

And to add, if you read the book, this validates the thesis in the book. The book, I guess you are yet to read, is saying that nations and citizens pay severe penalties for having conglomerates. Like Amazon receiving $billions of waivers for its second headquarters when other small firms in the USA have no chance. The book was about a system and not about a person. Take time to read it because this validates the core thesis of my book. If you have $10 billion to invest in Sokoto, you can get free land, etc which a man with $100 to invest in the state cannot get.

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