The Consolidated Financial Statements for the last seven years have been made public by the Central Bank of Nigeria amid a probe by the administration of President Bola Ahmed Tinubu.
For the first time since 2015, the apex bank just published the Consolidated Financial Statements on its website.
As a result, the CBN reported a profit after tax of N103.8 billion at the end of December 2022, an increase over the N75.13 billion reported in 2021.
Additionally, as of December 2022, the CBN owes JP Morgan and Goldman Sachs a combined $7.5 billion.
“The Group entered into a securities lending agreement with Goldman Sachs and J. P. Morgan, and as part of the agreement, the Group pledged its holdings on foreign securities in return for cash. The cash received from Goldman Sachs is N0.23tn ($500m), 2021; N0.22tn ($500m), and JP Morgan N3.23tn ($7bn), 2021; N3.05tn ($7bn) is recognised in other foreign securities,” the statement partly reads.
DAILY POST recalls that Tinubu appointed a special investigator, Jim Obazee, to probe CBN and its other businesses following the removal of Godwin Emefiele.