News, Society

Charles Soludo In Hot Soup

charles-soludoFormer Governor of Central Bank of Nigeria (CBN), Professor Charles Soludo is in trouble. Popular lawyer, Mr. Femi Falana (SAN) revealed recently that the top banker was involved in a seven billion dollars ($7 billion) fraud… “Sometime in 2006, former Central Bank Governor, Professor Chukwuma Soludo, removed $7 billion from the nation’s external reserves and doled it out to 14 Nigerian banks.

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“The request of some civil society organisations for the recovery of the huge loan of $7 billion from the commercial banks has been ignored by the management of the Central Bank. Following our petition, the EFCC conducted an investigation into the fraud but the exercise was compromised due to pressure from the former Jonathan administration. Even though the EFCC has charged some of the suspects to court, the investigation ought to be reopened with a view to getting to the root of the monumental fraud.”