CENTRAL BANK OF NIGERIA WAS THE 'ATM' OF THE PRESIDENCY UNDER JONATHAN-SOLUDO

Charles Soludo, the former Governor of the Central Bank of Nigeria, has said former President Goodluck Jonathan ran the apex bank like the former Uganda dictator,late General Idi-Amin.

Speaking in an interview in the current Business Edition of The Interview, Soludo described the recent revelations from the arms deal scandal as startling. He said the Central bank under the last administration was “the ATM of the Presidency,”.

“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.”