A former Central Bank Governor, Prof Charles Soludo, has said that former President Goodluck Jonathan ran the CBN like a movie from Uganda under the late Idi-Amin Dada.
Idi-Amin Dada ruled Uganda with an iron fist between 1971 and 1979 and has been described as one of the most corrupt African rulers.
Soludo said, “Imagine a scenario where a president can order the CBN to create an intervention fund for national stability and CBN literally ‘prints’ say, N3trillion, 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.”
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