Professor Charles Soludo, has accused former President Goodluck Jonathan of running the apex bank during his presidency the way former Ugandan President, Idi Amin, ran his country.
“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,” the former governor of the CBN said in current edition of The Interview (Business Edition).
Soludo was referring the revelations involving former NSA Sambo Dasuki on $2.1 billion arms scam and the apparent abuse of the CBN as ATM by the presidency should get reasonable people thinking.
“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.
He said in spite of the bank’s statutory independence, it continues to be a victim of high-wire politics, often “electrocuting” the bank’s leadership.
CBN’s Gov. Godwin Emefiele has said he got “superior orders” to release about N67 billion for a special assignment—that was the military campaign against Boko Haram terrorizing the northeast in the run-up to the 2015 election.