In the opinion of former Governor of the Central Bank of Nigeria, Prof Charles Soludo, Nigeria's former President, Goodluck Jonathan ran the CBN the way Uganda's onetime maximum ruler, Idi Amin ran the central bank of his country.
Speaking during a chat with The Interview, Soludo decried the situation where presidents continue to play politics with the independence of the apex bank.
“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.
“Recent revelations regarding the ‘arms-gate’ (revelations involving former NSA Sambo Dasuki on $2.1 billion arms scam) and the apparent abuse of the CBN as ATM by the presidency should get reasonable people thinking.”
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