Central Bank Of Nigeria Website

CBN Disburses N42bn Power, Airline Fund

Sanusi Lamido, CBN Governor

Central Bank of Nigeria (CBN) said it has paid out a total of N42 billion under its Power and Airline Intervention Fund (PAIF) as at June 30 2011.

The banking sector regulator disclosed this in a chart titled: “Disbursement under PAIF as at June 30, 2011,” posted on its website Thursday.

THISDAY had last month, exclusively reported that the apex bank had approved a total of N187.17 billion for 21 projects processed by the African Finance Corporation (AFC). Figures had shown that under the PAIF initiative, a total of 30 applications valued at N222.50 billion were received and processed by the technical advisers, the AFC.

But the chart showed that in the month of June, no power firm assessed the fund. It however disclosed that the entire fund given out last month went to eight airlines. The chart did not state the names of the airline companies that benefitted from the sum.

It would be recalled that CBN, was said to have in February this year approved the release of N185.172 billion to the Bank of Industry (BOI) for onward disbursement to the participating banks.

 CBN had also in collaboration with other stakeholders made efforts to improve bank lending to the real sector; empower small scale entrepreneurs; create employment opportunities; alleviate poverty; ensure food security; and promote youth entrepreneurship.

In order to achieve these, the CBN initiated a number of schemes and programmes. The apex bank had last year approved the provision of a N500 billion Infrastructure Intervention Fund as part of the Bank's measures to create liquidity and support the development of the real sector of the Nigerian economy.

419 ALERT: I know that you might be surprise on this mail | The ...

Attention Beneficiary,

I know that you might be surprise on this mail, but I am telling you the truth. I know that it is against my official duty to release confidential information like this to an outsider. There is nothing I can do to help you beside this. What I want to tell you is about your fund with the Federal Government of Nigeria, the President, Dr. Goodluck Ebele Jonathan , has mapped out $25.6 Billion to off-set Nigeria’s foreign debts, which includes; over due contract payment, next of kin inheritance. My main concern about this payment is that the Government and her agencies are not sincere on this payment rather some government and bank officials have seen it as an avenue to make extra money for them. Their plan is to secure approval of these funds on creditors name and later divert it to another off shore bank accounts for their personal benefits.

As I am writing this mail to you now, arrangements have been concluded by the some top placed government officials and the Central Bank of Nigeria Governor Mr. Lamido Sanusi, to divert your approved part payment of $10,500,000.00 to another bank account. And they keep on deceiving and frustrating you by demanding up-front payment from you, if I tell you that they are using all these money to work against you and to facilitate the diversion of your fund to another account, you might not believe it. But it is reality.

I will take the risk to assist you receive your fund via diplomatic method therefore send the following details to me;

1.

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