He Turned CBN Into An ATM!!! Former CBN Gov. Soludo Slams Jonathan's Government

The former Governor of Central Bank of Nigeria, Prof. Charles Chukwuma Soludo, accused former President Goodluck Jonathan of turning the Central Bank of Nigeria into the his Automated Teller Machine(ATM) to produce cash for his personal use. Full post after cut.............

Soludo disclosed this to The Interview, he said; “Recent revelations regarding the ‘arms-gate’ (short for the $2.1bn scandal involving the former National Security Adviser, Sambo Dasuki) and the apparent abuse of the CBN as an ATM by the Presidency should get reasonable people thinking. 

“Imagine a scenario where a President can order the CBN to create an intervention fund for national stability and the CBN literally ‘prints’ say, N3tn, and doles it out as cash to the President 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 the central bank.”