“In addition, it needs to further tackle corruption because this menace had been a challenge to the nation’s economy,” he said.
“So, if we can now implement the Chinese-naira swap, it will be very helpful for business trade.’’
We are getting somewhere. These are small issues, all within a family, and they will be resolved.”
“We cannot allow cows inside the city. It can be outside the city. That is the way it should be done,” Mr Wike said.
The meeting was centred around synergising towards ensuring Nigeria’s monetary and macroeconomic stability.
It was not immediately clear why President Bola Tinubu approved the detention of Mr Masanawa without first suspending him from office.
He said the council commended the Central Bank of Nigeria (CBN) and the National Emergency Management Agency (NEMA) for their interventions.
Loan sharks are known to prey on vulnerable individuals and small businesses, trapping them in a cycle of debt, frustration and anxiety.
“In this instance, both JP Morgan and Goldman Sachs were said to have provided cash in return,” he said.
The financial statement published this week and the first of its kind since 2015 said CBN filed over N3.2 trillion as “other operating expenses” under Emefiele.
