Bunch of fooools!

By Henry Umoru & Inalegwu Shaibu 17-4-12 ABUJA- THE Senate Tuesday condemned in strong terms, the continuous duopoly of the World Bank and the International Monetary Fund, IMF by United States of America –European thereby locking out Africans and especially emerging economies of the world from the presidency of the financial bodies. It also expressed concern over the defeat of the Finance Minister, Dr. Ngozi Okonjo-Iweala by the candidate of the United States of America, Dr. Jim Yong Kim following the backing he got from the US Government.

At the end of Tuesday’s plenary after discussions on the motion by the Chairman, Senate Committee on Rules and Business, Senator Solomon Ita Enang and twenty other senators titled nomination of Dr. Ngozi Okonjo-Iweala for the President of the World Bank, the Senators urged the government of the United States of America to open up the process of selection of President of the World Bank to a candidate of the emerging economies, Africa and in particular, Nigeria if the bank must be seen as truly a world institution of equal opportunities to member nations.