Criticism Against Buhari-led Administration; Emir Sanusi and Soludo In Hot Soup As FG Dusts Old Files, Commence Probe Of Their Tenures


The Nigerian constitution outlined clearly what is today known as fundamental human rights. Part of which is freedom of speech.

There may be freedom of Speech, but freedom after speech is what one cannot guarentee in present day Nigeria as two former Central Bank of Nigeria, CBN Governors,  Prof. Charles Chukwuma Soludo and Alhaji Sanusi Lamido Sanusi may have provoked the weighty wrath of the Fderal government following their recent effussion advising the Federal Government over the declining economy.

News reports pointed out that the probe would specifically cover the activities of the CBN between 2007 and 2014.

A source close enough to the presidency disclosed to that the probe, which was yet to be finally approved by President Muhammadu Buhari, would focus on the printing of naira notes under the authorisation of Soludo and the management of CBN’s “surplus” finances under Sanusi, who is now Emir of Kano.

Sanusi had only recently urged the Buhari-led administration not to engage in acts that would make it end like the administration of President Goodluck Jonathan. While criticising the FOREX policy of the government, which, he believed had enabled some people to make huge money without any investment.

On the flip side, recently Soludo also markedly condemned some economic policies of the incumbent government .

Be that as it may, the source, dismissed vehemently the claims that the planned probe of the two past CBN governors had anything to do with their criticisms of the government.

Rather, that the president would not gloss over any corruption matter no matter the individuals involved and the time it took place.

In his words: “We believe that questions that have not been completely answered must be brought forward and clarified as a way of ensuring that the nation’s institutions do the right thing at all times.”
 “If certain questions were left hanging by the past administrations, this should be the time to clear themselves since this administration is determined to fight corruption and corrupt tendencies. The move would also help any of the past officials to clear themeselves of any perceived wrongdoing.”He added.

While Soludo’s tenure would be investigated for the process of printing new naira notes, the tenure of Sanusi would be probed for the distribution of FOREX earnings to Bureau de Change operators as well as the report of the Financial Reporting Council of Nigeria (FRCN), which had raised several allegations against Sanusi.

Former president Jonathan suspended Sanusi on account of the FRCN report.

The 13-page report alleged that the former CBN governor spent N1.257 billion for lunch for policemen and private guards in 2012.
The Council also alleged that Sanusi as CBN governor made huge payments to airlines for currency distribution, while also allegedly holding an account balance of N1.423 billion for an unidentified customer since 2008.

The FRCN also queried what it called approval of billions of naira in “ambiguous payments” to invoices referred to as “Centre of Excellence” and “Contribution to Internal National Security,” by the CBN under Sanusi.

The apex bank was said to have paid N38.233 billion to the Nigerian Security Printing and Minting Company (NSPMC) Plc in 2011 for the “printing of bank notes” whereas the turnover of the entire printing and minting company group for the year stood at N29.370 billion.

Trending

Nse Ikpe Etim Announce Launch of Skin And Hair Care Brand

Image
Nollywood actress Nse Ikpe Etim announced the launch of a brand new home made beauty line called Eden’s Theory. The company is UK based and Nse is the co-owner of the product line. She will double as brand ambassador for the company. She said this about the brand: “People always ask about my skin and hair. Many of them assume that I use very expensive products, but I have actually always used natural oils and butters…With Eden’s Theory, you get to retain the best bits of African butters while oozing some of your personality into a product of your choice.” Eden’s Theory has been described as vegan-friendly with ingredients sourced from Africa. She posted photos of some products.
Read more...

Teenager defiles three-year-old girl

Image
Muyideen Lawal, a 17-year-old secondary school student,who allegedly defiled a three-year-old girl, was on Wednesday brought before a Surulere Magistrates’ Court in Lagos. The accused, who resides at No.1, Temitope St., Ajangbadi on Lagos-Badagry Expressway, is standing trial on a charge of defilement. The prosecutor, Sgt. Anthonia Osayande told the court that the accused committed the offence on July 21 at 8.00 p.m. at his uncle’s house. “Muyideen lured the little girl from the mother’s shop which is an extension of his uncle’s house. “The little girl asked for N10 from the accused, who lives with his uncle. Instead of giving her the money, he lured her into the house with a promise to give her food. “In the process, he dragged her into his room and defiled her,’’ Osayande said. The offence contravened Section 137 of the Criminal Law of Lagos State, 2011. The accused, however, denied the charge. The Magistrate, Mrs M.I. Dan-Oni, granted him bail in the sum of N100, 00...
Read more...

Paul Pogba has "unfinished business" at Manchester United says former defender Mikael Silvestre

Image
The French midfield ace looks set to trade in Juventus for a return to Old Trafford - four years after walking out on a free transfer Former Manchester United defender Mikael Silvestre believes that Paul Pogba has “unfinished business” at Old Trafford. French international Pogba left the Red Devils on a free transfer in 2012, but four years later looks set to cost United in excess of £100million, if he elects to return after four years in Italy with Juventus. During that time the 23-year-old has won four Serie A titles and emerged as the biggest star in Italy, before helping France reach the final of Euro 2016. Now a world-record transfer fee looks likely to return the Frenchman back to United under new boss Jose Mourinho, with a massive £250,000-a-week pay packet The Portuguese has earmarked Pogba as his fourth summer signing, and former defender Silvestre - who spent nine years with United - says that his return can help make the club "dominant" once again. Star man: Pog...
Read more...

190 seconds and Ibrahimovic makes mark

Image
New signing Zlatan Ibrahimovic scored an acrobatic scissor kick within four minutes of pulling on a Manchester United shirt for the first time in a 5-2 friendly rout of Galatasaray on Saturday. The superstar forward, who moved from Paris Saint Germain in the summer, was finally unleashed by new manager Jose Mourinho in Gothenburg in his native Sweden. He had hardly broken sweat when, after just 190 seconds, Antonio Valencia — who was to grab three assists in all — swung over a deep cross and Ibrahimovic swung a right boot at it. It was not the cleanest of volleys — and Mourinho barely acknowledged the goal — but it was enough to bounce into the ground and into the top corner to deceive Fernando Muslera in the Galatasaray goal. The 34-year-old Ibrahimovic was replaced at the break, when Galatasaray led 2-1 through Sinan Gumus and Bruma. Wayne Rooney scored a second-half brace and Marouane Fellaini and Juan Mata were also on the scoresheet as United came on strong after half-...
Read more...