A
abujagirl
Guest
Some Nigerian banks have seized the $2.1 billion dividend paid into the Federation Account by the Nigeria Liquefied Natural Gas Company (NLNG), as bail out for debtor- states.
According to THE CITIZEN, Governor of Zamfara State, Abdualziz Yari, said, ''what I am saying, no money has been released yet, but I think the NLNG money that was given, some states, their shares were taken by the banks because of debts. So, automatically, that has to go there. But I think the Central Bank of Nigeria (CBN) governor is negotiating with the banks on how we are going to share, now we have agreed that this bailout or intervention funds are coming so that they will know the purpose the palliative was made for the states to rescue them to pay staff salaries.
''But for sure, some other governors reported that money went to their accounts, it was taken by some banks because of their outstanding loans”, he said.
According to THE CITIZEN, Governor of Zamfara State, Abdualziz Yari, said, ''what I am saying, no money has been released yet, but I think the NLNG money that was given, some states, their shares were taken by the banks because of debts. So, automatically, that has to go there. But I think the Central Bank of Nigeria (CBN) governor is negotiating with the banks on how we are going to share, now we have agreed that this bailout or intervention funds are coming so that they will know the purpose the palliative was made for the states to rescue them to pay staff salaries.
''But for sure, some other governors reported that money went to their accounts, it was taken by some banks because of their outstanding loans”, he said.
