Prof. Chukwuma Soludo, former Governor of the Central Bank of Nigeria, has accused former President Goodluck Jonathan of turning the Central Bank of Nigeria into the Presidency’s ATM to produce cash for the government.
He
also said the former president Jonathan administration ran the bank like a
movie plot from Uganda under the late dictator, Idi Amin Dada.
In
an interview in the current business edition of The Interview, Prof. Soludo
described the CBN as “the ATM of the Presidency,” under Jonathan.
Soludo
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.
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