Former Governor of the Central Bank of Nigeria,Charles Soludo said in an Interview in the Current Business Edition of The Interview, that ex President Goodluck Jonathan ran the Central Bank of Nigeria like what was portrayed in a movie of Idi Amin of Uganda,a dictator who ruled Uganda from 1971 -1979.
Soludo said, “Imagine a scenario where a president can order the CBN to create an intervention fund for national stability and CBN literally ‘prints’ say, N3 trillion, and doles it out cash to the Presidency to prosecute an election campaign or for just about anything he fancies. It is a scary thought.
“We are going down a dangerous path that ruins the economy. I don’t know any other country where such is tolerated, except perhaps what I watched in a movie about Idi Amin and his governor of central bank.”
“Recent revelations regarding the ‘arms-gate’ (short for the $2.1billion scandal involving former NSA Sambo Dasuki) and the apparent abuse of the CBN as ATM by the presidency should get reasonable people thinking.”The former CBN governor described the bank as “the ATM of the Presidency,” under Jonathan.
*But it was under Mr Soludo that Nigerian Banks almost collapsed, the strengthening of Nigeria banks came following Sanusi lamido appointment as Governor of CBN.
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