Friday, February 6, 2009

National day of recanting.....SEC and CBN

The security exchange commission and central bank of Nigerian have come out to retract the statement earlier credited to them.

SEC have earlier claimed that banks' chiefs stole money enriching themselves, banks have loss over 300 billion to stock brokers and that Government should take over SICK banks, banks are responsible for stocks collapse etc......SEC have come out to say that is not the position of the commission and not that its representative did not say so to Yar'adua.

CBN also said “To put the record straight and for the avoidance of doubt, we have carefully reviewed copies of all his presentations as well as the full transcripts of his public pronouncements on the matter, and can confirm that at no time has Professor Soludo said that the Nigerian economy is “IMMUNE” or “INSULATED” from the global crisis.” why are they just discovering that?

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