Nigeria, April 16 -- The governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has dismissed the claim by the governor of Edo State, Godwin Obaseki, that the bank printed and shared money to states as "unfortunate and totally inappropriate".

Mr Emefiele said printing money is a key mandate of the central bank, and the bank must always act to support the government at times of financial difficulties.

Mr Obaseki on Monday said the country is facing a serious financial crisis and called on the federal government to act quickly.

"When we got FAAC for March, the federal government printed additional N50-N60 billion to top-up for us to share," he said.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, dismissed the ...