Revealed! How Jonathan doles out money from CBN to prosecute an election campaign – Soludo

Charles-Soludo |

The immediate past President of Nigeria, Goodluck Jonathan has been accused by a former Governor of the Central Bank of Nigeria, Professor Charles Soludo,  of running the apex bank ( CBN ) during his presidency the way former Ugandan President, Idi Amin, ran his country.

Soludo in an interview in the current Business Edition of The Interview, said it was regrettable that in spite of the bank’s statutory independence, it continues to be a victim of high-wire politics, often “electrocuting” the bank’s leadership.

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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.”

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“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.”