A former Governor of the Central Bank of Nigeria, Prof.
Chukwuma Soludo, has accused former President Goodluck Jonathan of turning the
CBN into the Presidency’s Automated Teller Machine, ATM to produce cash for his
personal use. Soludo disclosed this to The Interview, he said;
“Recent revelations regarding the ‘arms-gate’ (short for the
$2.1bn scandal involving the former National Security Adviser, Sambo Dasuki)
and the apparent abuse of the CBN as an ATM by the Presidency should get
reasonable people thinking.
“Imagine a scenario where a President can order the CBN to
create an intervention fund for national stability and the CBN literally
‘prints’ say, N3tn, and doles it out as cash to the President 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 the central bank.”
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