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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