“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.”
Sunday, January 17, 2016
Jonathan ran CBN like Idi-Amin – Soludo
He said the Central bank under the last administration was “the ATM of the Presidency,”.