A former Governor of the Central Bank of Nigeria, Charles Soludo, has said former President Goodluck Jonathan ran the bank like a movie from Uganda under Idi-Amin.
Idi-Amin Dada ruled Uganda with an iron fist between 1971 and 1979 and has been described as one of the most corrupt African rulers.
Mr 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.”
In an interview in the current Business Edition of The Interview, the former CBN governor described the bank as “the ATM of the Presidency,” under Jonathan.‎
He 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.
Mr. Soludo said, “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.”
The former CBN governor was one of the ten leading business lights featured in the current edition of The Interview, which provides insights into opportunities and threats in business this year, ranging from manufacturing and power, to banking and investment, small businesses, advertising and jobs.‎


The President of the Manufacturers Association of Nigeria, Frank Jacobs, identified foreign exchange restrictions; infrastructure; and high cost of business as the three biggest challenges.
The way forward, he said, “Is to look inwards for the supply of raw materials, prudent management and professionalisation of the workforce.”
Mr Jacobs advised against increased taxes, recommending instead a “widening of the tax net” to improve government revenue.
A statement by the Managing Director/Editor-In-Chief of The Interview, Mr. Azu Ishiekwene, described the edition as “the essential business tool for 2016.”
Also featured are the Managing Director of the Asset Management Corporation of Nigeria, Ahmed Kuru; the Group Managing Director of Fidelity Bank, Nnamdi Okonkwo; the CEO of Capital Assets, Ariyo Olushekun; the CEO of Complete Communications, Sunny Obazu-Ojeagbase; and one of the founders of Jobberman, Opeyemi Owoyemi, among others.

We. Know already

Mr Charles Soludo seeking cheap attention nonsenze

Ok

From Clueless One to Stealing id not COrruption to Goats and the yams to Mandela of Otuoke to Drunken Master of Otuoke to Our Hero to Ineffectual Buffon and now to the Idi Amin of Nigeria.

Shut up!
What about you after you ruin the bank, YOU BOTH RUIN NIGERIA, you run to your state to be their governor but you failed!

Dake jor

Soludo get mouth!

imagine what would have happened if jonathan won the eletion, impunity to the highest order.

Bad and clueless leaders have really dealt with this country.

He campaigned with our dough like he was organising a lavish wedding.

in chiwetalu Agu's voice..... ovoko!!!

Faba:
Mr Charles Soludo seeking cheap attention nonsenze

Please excuse me. Soludo has all the attention he needs. He is a reknowned economist and a former CBN governor.

Boss13:


Please excuse me. Soludo has all the attention he needs. He is a reknowned economist and a former CBN governor.

STFU

hmm

And yet some fools call him HERO....

Faba:

STFU

Take your hate somewhere else. When you begin to contribute positively to this country, then you can make statements about who needs attention or not

Hundreds of Soludos and jibes like this cannot diminish GEJ one bit. Who jah has blessed no one curse.

GEJ was president of Nigeria for over five years Solude failed woefully to become govnor of Anambra state because pple could see thru his egoistic disposition. His woeful as cbn govnor is story for another day

Will u shut up ur stupid mouth thier ode

Hahahahahaha. Idi Amin ke? Just when you think you've heard it all. From the clueless one, to Dr Dumbo, then the ineffectual buffoon, Don Fortunato and now Idi Amin.. Once Nigeria was not looted out of the World Map under Dumbo, it means God has decided to be merciful on the country.

Boss13:


Take your hate somewhere else. When you begin to contribute positively to this country, then you can make statements about who needs attention or not

Can't you just a STFU

Boss13:


Please excuse me. Soludo has all the attention he needs. He is a reknowned economist and a former CBN governor.

if na soludo u dey praise then u r pathetic.

someone who reintroduced coins even when the whole world dump coins back in the 50s.

how much did he used in printing each 5naira polymer note?

We already know

Boss13:


Please excuse me. Soludo has all the attention he needs. He is a reknowned economist and a former CBN governor.

And so what ? What has Jonathan got to do with present happenings, he just woke and decided to talk about Jonathan, it is getting too much they should leave the man alone, we have had President that were worst than GEJ, do you think with way PMB is going he would be better than GEJ.

Soludo please try and make yourself useful, if you just remain silent, your blaming Jonathan will not make PMB look at your side. Shameless economist

Faba:
Can't YOU JUST A STFU

No wonder you are defending the former presidential dunce! You are both similar!