Bank Governor (CBN), Charles Soludo

 

Former Central Bank Governor (CBN), Charles Soludo has likened former President Goodluck Jonathan to, former Ug webapex.net andan dictator, General Idi-Amin Dada.

The former apex bank chief, said Goodluck Jonathan, ran the CBN, like a dictator.

In an interview in the current business edition of The Interview, the former CBN governor said the bank was “the ATM of the presidency,” under Jonathan.‎

“Imagine a scenario where a president can order the CBN to create an intervention fund for national sta westernmagazine.org bility 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,” he was quoted as saying.

“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 ysin.org sonable people thinking.”

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.

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