DrummaBoy:


^^^^^^^^ A million likes for the above.
Soludo has neither impressed by his performace in office nor by his reponse here. He has only taken time to show that the mallam was right: Soludo is a politician and he is the one guilty of being an intellectual fraud.

bayooooooo: [size=18pt]Nasir el-Rufai’s Book as Intellectual Fraud?[/size]

Although there is no single definition of fraud, the online definitions that come to mind as one reads Nasir el-Rufai’s book (The Accidental Public Servant) is “fraud as course of deception, an intentional concealment, omission, or perversion of truth”, or “an intentional deception made for personal gain or to damage another individual”. I know el-Rufai as a brilliant fellow and I certainly expected a definitive book. His stated objective was to “tell the story of my public service years…” but it turned out a very bad example of how to write a memoir. It is more of wild concoctions and commentaries on imagined events outside of his “public service years”. As I read parts of the book that relate to things that I should know about, I shook my head in disbelief. I could not believe that el-Rufai could descend so low. While I will surely correct many of his wrong narratives in my book, I thought I have a duty to make a preliminary response – for public records!

[b]
Contrary to his narrative, most of us in government knew that el-Rufai desperately wanted to succeed President Olusegun Obasanjo as president. He plotted and schemed, destroying anyone perceived to be potentially in his way. Obasanjo scorned him; the scheme through the PDP Reform Forum failed; and with the bid to replace Major General Muhammadu Buhari in Congress for Progressive Change (CPC) still a work in progress, it is understandable that the bitterness would find succor in a book to smear and destroy any known potential threat. The only good person in the whole book is el-Rufai, and perhaps also my dear sister, Oby Ezekwesili. For him, it is either that Ngozi Okonjo-Iweala was power hungry or that “Charles was not grateful”. We understand his motives, but for him to also fabricate stories about Obasanjo, Atiku Abubakar, and Mallam Nuhu Ribadu the way he did (the three persons that literally made him tick in government) speaks volumes. What a very grateful person! My people have a proverb that when a foolish and disrespectful child utters abomination before his elders, he beats his chest that he has exhibited uncommon courage.
[/b]

The book is grossly dishonest. It is amusing to read the purported conversations he had with President Obasanjo on the third term bid. One reads almost two or three pages as quotes from the conversation and most parts of the book are replete with similar long quotes of purported conversations (all in inverted commas). This tactic was deceptively employed to give the impression of authenticity to the claims of such conversations. Surely, it is impossible to report the proceedings of a meeting or conversation verbatim after the meeting. It would therefore mean either that he was tape-recording every private conversation he had with people or that he simply fabricated those long quotes. If he cannot produce the tape recordings of those conversations (which I believe he doesn’t have), he should be honest enough to admit that he made up those stories/quotes. It is too cheap of him to fabricate those quotes and seek to exploit the gullibility of the reading public to damage other people.


I was amused by el-Rufai’s disingenuous attempt to frame stories about the Economic Management Team, which he forced himself upon and probably destroyed. As pertains to me, he lied all the way in an attempt to concoct a mischievous narrative or plot. He calls Ngozi Okonjo-Iweala “Ngozi”. I call her “Madam”. He tells a fairy tale of how I was a student or protégé of Ngozi’s father. Sorry el-Rufai, the respected Prof. Okonjo had left University of Nigeria, Nsukka (UNN) before I became a student, and our paths did not cross until the mid-1990s (while my Ph.D was in 1989). If you even called Ngozi on the phone, she would have confirmed to you that she never got any consulting contract for me at the World Bank or any multilateral institution as you claimed. If you cared for the facts, you would have known that I began to interact with Ngozi in late 1999, in the fourth month of my 18-month consulting assignment at the World Bank (an assignment to which I was nominated by three pan-African Institutions – ADB, UNECA, and AERC – for the project on “Can Africa Claim the 21st Century”). You don’t lie about matters that have records.


For your information el-Rufai, before I met anyone of you at the original Economic Management Team, I had (for a decade) lived in Ethiopia, United Kingdom, and United States of America (USA) and traveled to 45 other countries as an itinerant scholar and consultant; worked at the United Nations; been to Oxford, Cambridge and Warwick Universities; was a visiting professor at Swarthmore, USA; and consultant to 18 international organisations including the World Bank, IMF, OECD, EU, ADB, various UN agencies, etc. I have been consultant to different departments of the World Bank at different times, including being on the Chief Economist Advisory Council (CEAC) for the period 2005 - 2012 and no Nigerian had anything to do with any of them. I spent 19 months at the Brookings Institution, USA (January 1991 – July 1992; and three months in 1998) but according to el-Rufai, I went to Brookings after a consulting job at the World Bank (which would then mean ‘after 2000’?). According to el-Rufai, I became Governor of Central Bank of Nigeria (CBN) in “mid 2005” instead of May 2004. He manufactures both the facts as well as the comments.


By el-Rufai’s own account in the book, the approval to embark on the demolition of properties in Abuja was obtained on 30th August, 2003. I state (and challenge him to prove otherwise) that Ngozi was no longer staying at Bolingo Hotel by the time he started his demolition programme. How can you then fabricate a story that we met at her suite in Bolingo Hotel and also fabricate a purported quotation of what I told you, which among other things, referred to your demolition programme? I thought you were smart enough el-Rufai to at least lie consistently. Is this not fool proof that you made up all the quotations in the book?


As at the last count, no less than 15 persons claimed to have recommended me as Chief Economic Adviser or Central Bank Governor. My simple response to all is: thank you! Thank you also el-Rufai if indeed you played the role I have just read from your book that you played in my appointment as Chief Economic Adviser. Of course, President Obasanjo is still alive and several of the actors are also alive. In my own memoir, I will detail how I joined President Obasanjo’s government. I have also heard fantastic claims of some people that they literally appointed me governor of CBN. In a recent chat with President Obasanjo, he for the umpteenth time insisted that nobody can ever claim to have advised him to appoint me as governor of CBN. He reminded me that even I did not know—which is a fact!


El-Rufai also conveniently forgot that he first met me in late 2000 when I came from the US to help the federal government prepare for the IMF Article IV consultations and also train senior staff of CBN, Ministry of Finance and National Planning on the macroeconomic and technical computations involved (paid for by USAID). el-Rufai chose to forget that he pleaded for my technical assistance to Bureau of Public Enterprises (BPE) as a consultant but I told him I was too busy with my international assignments. I rather offered to attend any of his privatisation committee meetings anytime I was in the country and to offer my services free of charge. He forgot that I wrote several technical notes to help him succeed, including being the sole author of the initial draft “Anti-trust and Competition Policy” – all free of charge!


El-Rufai seemed unhappy that I gave every credit of our achievement to President Obasanjo. Well, I am informed enough to know that in a presidential system of government, only the president is elected with the mandate to govern and every appointed person in the executive branch has a delegated responsibility to assist him. Only in Nigeria would you see a minister or appointed official write books to take credit for achievements in office. As governor of the central bank, I made it clear that I received every award or recognition on behalf of the president. I have no apologies for that.


Interestingly, el-Rufai tells the story of the great achievements of President Obasanjo in restoring the Abuja masterplan, using him as an assistant. I thank him for at least acknowledging that the idea to restore the masterplan was Obasanjo’s and that he drove it all the way. What he did not tell is the story of how el-Rufai’s vindictiveness almost ruined the exercise as well as the monumental fraud associated with it. This is for another day!


Of course, el-Rufai could not hide his opposition to the banking sector consolidation. Unfortunately as we say in my place, you cannot cover the moon with your palms. You may not like Soludo or Obasanjo, but in the last 27 years, there are two fundamental structural transformations of the Nigerian economy that have taken place – the telecommunications revolution, and the banking sector revolution (consolidation). Ours was not a mere reform, it was a revolution! Nigeria’s only transnational corporations were built in three years.

We put two Nigerian banks in the top 300 banks in the world and they remain there, and nine others in the top 1,000 (there was none before my tenure). The Nigerian private sector as we know it today (especially the new economy in oil and gas and emerging big businesses) largely owes its wealth to our revolution. The world acknowledges that without our foresight and courage, the Nigerian financial system and economy would have collapsed during the global financial crisis. We developed a robust, transparent and no-nonsense regulatory and supervisory regime before the global crisis, and left behind one of the strongest banking systems that was globally rated in the same league as those of Israel, India, China, and Russia. You chose to forget that we revoked the licenses of 14 banks in one day (unprecedented in our history), including banks owned by my friends. This is a story for another day!


The story of how we built the world’s fastest growing financial system and Nigeria’s largest transnational corporations in three years, rescued the entire system from collapse despite the unprecedented four shocks that buffeted the system during the global crisis, on course to fully restructure the few ailing banks before the end of 2009 with or without a penny from government; and designed the comprehensive roadmap for sustainability and growth (under FSS 2020) is told in my book. Our Financial System Strategy (FSS 2020) remains the roadmap till date. Sorry el-Rufai, there is little you can do about this record. Even with ten 234NEXT newspapers, and 20 other books, you cannot re-write history!


Since el-Rufai takes pleasure in reporting what ordinarily should be private conversations, let me also take the liberty to report that he admitted to me on April 28, 2013 that what he wrote about me were the “impressions” he was given. That for me summed it up. My advice el-Rufai, is that you don’t collect some hair dressing salon gossip, hearsay, ‘impressions’, and wild imaginations – all intentionally designed to damage others, and bind them into a book without crosschecking the facts. That is intellectual fraud!

http://www.thisdaylive.com/articles/nasir-el-rufai-s-book-as-intellectual-fraud-/146818/

Ozonna: . Meanwhile, Soludo's CV is tight

nagoma:

" Out of School a man is not judged by his grades ; but by the changes he brings and the promises he keeps". We know how much of mess the banking system was in when Soludo left the CBN and we don't know how many promises he kept as a public servant. Soludo's response to El - Rufa'i is ungentlemanly and extremely unsatisfactory for the intellectual he claims to be and it all sounds like sour grapes. People who can write do so all their lives and if Soludo is waiting for the end of his career to start writing , tell him that he is late by 4 years now when his career ended shamefully.

nagoma:

" Out of School a man is not judged by his grades ; but by the changes he brings and the promises he keeps". We know how much of mess the banking system was in when Soludo left the CBN and we don't know how many promises he kept as a public servant. Soludo's response to El - Rufa'i is ungentlemanly and extremely unsatisfactory for the intellectual he claims to be and it all sounds like sour grapes. People who can write do so all their lives and if Soludo is waiting for the end of his career to start writing , tell him that he is late by 4 years now when his career ended shamefully.

nagoma:

I can see SOUR GRAPES all over the place. El-R[b]ufa'i who claims no professorship has written a 600 page book [/b]and this "Professor" spent the whole of last 3 months working to come out with one page of sour Soludo grapes and list of countries he visited. A man who connived with others to ruin the banking sector in Nigeria.I wonder if his friend Cecilia Ibru is still in prison and I wonder why he is not. All these profeessors of nose picking should better shut up if they cannot produce their own story. Any waanker can sit down and churn out this rubbish.

1992

"North-sorth macroeconomic interactions: Comparative analysis using the MULTIMOD and INTERMOD global models", Charles Chukwuma Soludo, Brookings discussion papers in international economics, Brookings Institution (1992)
1993

"Implications of alternative macroeconomic policy responses to external shocks in Africa", Charles Chukwuma Soludo, Development research papers series, United Nations Economic Commission for Africa, Socio-Economic Research and Planning Division (1993)

"Growth performance in Africa: Further evidence on the external shocks versus domestic policy debate", Charles Chukwuma Soludo, Development research papers series, United Nations Economic Commission for Africa, Socio-Economic Research and Planning Division (1993)
1994

"The Consequences of U.S. Fiscal Actions in a Global Model with Alternative Assumptions about the Exchange Regime in Developing Countries”, Ralph C. Bryan and Charles Chukwuma Soludo. Chapter 13 in David Currie and David Vines, eds., North-South Linkages and International Macroeconomic Policy, Cambridge: Cambridge University Press for the Centre for Economic Policy Research. (Brookings Discussion Paper in International Economics No. 103. Washington, DC: Brookings Institution, February 1994.)
1995

"Macroeconomic adjustment, trade, and growth: Policy analysis using a macroeconomic model of Nigeria", Charles Chukwuma Soludo, AERC research paper, African Economic Research Consortium (1995) ISBN 9966-900-26-8 ISBN 978-9966900265
1998
Soludo, Charles Chukwuma (1998). Macroeconomic Policy Modelling of African Economies. Acena. ISBN 978-2114-29-4.
1999

"Our Continent, Our Future: African Perspectives on Structural Adjustment", T. Mkandawire and C.C. Soludo, Council for the Development of Social Science Research in Africa, Dakar, 1999, in Journal of Sustainable Development in Africa, 1:2, 1999.
2002

"African Voices on Structural Adjustment: A Companion to Our Continent, Our Future", Edited by Thandika Mkandawire and Charles C. Soludo. At least three editions: IDRC/CODESRIA/Africa World Press 2002, ISBN 0-88936-888-0, 280 pp.; Paperback, ISBN 978-0-88936-888-0 Jan 2003; Africa World Press 2003, ISBN 0-86543-779-3
Okonjo-Iweala, Ngozi; Charles Chukwuma Soludo and Mansur Muhtar (2002). The Debt Trap in Nigeria: Towards a Sustainable Debt Strategy. Africa World Press. ISBN 1-59221-001-5.
2004

"The Politics of Trade and Industrial Policy in Africa: Forced Consensus", Edited by Charles Chukwuma Soludo, Michael Osita Ogbu and Ha-Joon Chang, Africa World Press (January 2004), ISBN 1-59221-164-X, ISBN 978-1-59221-164-7 (Also International Development Research Centre, ISBN 1-59221-165-
2006

"Potential Impacts of the New Global Financial Architecture on Poor Countries", Edited by Charles Soludo, Musunuru Rao, ISBN 978-2-86978-158-0, 80 pages, 2006, CODESRIA, Senegal, Paperback

1MCN: Ol' boy, see CV!
See achievements!
This Soludo guy don make me feel say my CV dey learn. Omo, this na intimidation!
Next time el-rufai wont dare those ahead of him in facts and figures.
But, chai, if this rejoinder enter public circle wela all the osusu wey suppose enter our bros el rufai pocket from that im book don do vuum.
But e just be like say that el rufai guy like to open im own n.y*sh by imsef.
God bless 9ja and im people.

Akpangbon: ^^^^^

Of all the lies he had been accused of concocting, the only comment you have is to blame Soludo for responding by writing a book in the press. With the way you think, you will end up another EL Rufai.

jaybee:

[size=14pt]THANK YOU. THANK YOU. THANK YOU CHARLES. EL RUFAI MUST NOT GO SCOT FREE WITH THIS 'FRAUD'.[/size]

nagoma:

I can see SOUR GRAPES all over the place. El-Rufa'i who claims no professorship has written a 600 page book and this "Professor" spent the whole of last 3 months working to come out with one page of sour Soludo grapes and list of countries he visited. A man who connived with others to ruin the banking sector in Nigeria.I wonder if his friend Cecilia Ibru is still in prison and I wonder why he is not. All these profeessors of nose picking should better shut up if they cannot produce their own story. Any waanker can sit down and churn out this rubbish.

gilmaro:
God come and deliver nigeria from these impersonating vampires. Never knew El Rufa was this dubious, God save our present and future generation from these wolfs.

Ebestsms.com:
THE HEAT IS ON.

Lets just sit and watch politicians expose themselves . I love this, waiting for El-Rufai's reply.

nagoma:

Soludo - a frustrated Nyamiri who messed up the banking sector should write his own book.

juventino: Front page! I beg, Biko, e jo

Ozonna: Meanwhile, Soludo's CV is tight

OdionOdion: . I have repeatedly advised fellow Nigerian youths of
the emerging online/social media heros(facebook and twitter) such as El Rufai,Obahiagbon,Fani Kayode,Dino Meleye.These are characters whose antecedence in Govt deserve no hero record,but the fact the present administration is allowing everyone to freely air his views,these born again social critics are using the online/social madia to rehabilitate themselves back to the people they once oppressed with bullduzers in FCT,this is the fraud Soludo is commenting about ElRUFAI

nagoma:

I can see SOUR GRAPES all over the place. El-Rufa'i who claims no professorship has written a 600 page book and this "Professor" spent the whole of last 3 months working to come out with one page of sour Soludo grapes and list of countries he visited. A man who connived with others to ruin the banking sector in Nigeria.I wonder if his friend Cecilia Ibru is still in prison and I wonder why he is not. All these profeessors of nose picking should better shut up if they cannot produce their own story. Any waanker can sit down and churn out this rubbish.

Sunny_bobo:

See his full CV here;

https://www.nairaland.com/1281397/man-soludo-intimidating-cv