Fidelity bank banner UBA banner
Fraud: “Soludo has a bad case”, to report back to EFCC today

By News Express on 11/01/2013

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,764


The arrest, yesterday afternoon, of erstwhile Central Bank of Nigeria (CBN) Governor, Prof. Charles Soludo, has been described as “not unexpected” by a source close to him.

The source said that in view of the uproar that greeted the Australian polymer banknotes bribery scandal that blew into the open after Soludo left office, “it was only a matter of time before government would revisit the issue.”

“I’m afraid, Soludo has a bad case. You know the scale of the alleged bribe is monumental and Jonathan is desperate to make an example of whomever he can lay his hands on so as to deflect criticisms that he is not fighting corruption,” the source said.

As the source sees it, “Soludo became an easy target having lost the protection of his benefactor, former President Olusegun Obasanjo. With the open war between Obasanjo and Jonathan, any ‘Obasanjo boy’ with a skeleton in his cupboard should know that he can be picked up anytime by the EFCC.”

News Express reports that Soludo, who was arrested in his Abuja residence around 4pm and taken to the EFCC headquarters for questioning before being released, served as CBN Governor from 2004 to 2009. His conversion of N5, N10 and N15 into polymer notes (launched with fanfare on September 28, 2009) has proved to be his nemesis. Investigations by Australian authorities had indicted Securency, printers of the polymer notes, of paying multimillion-dollar bribes to some highly placed Nigerian government officials, including Soludo.

The ex-CBN Governor has not rested since the scandal became public knowledge. Last August, he was invited by EFCC following a petition by a Lagos-based NGO, the Human and Environmental Development Agenda. His arrest yesterday indicates that the investigation is yet to be concluded. Soludo, who was the 2007 governorship aspirant of the People’s Democratic Party (PDP) in Anambra State, is expected to report back at the EFCC headquarters today for more grilling.

Apart from the polymer note scandal, Soludo also ran into trouble with his announced naira redomination exercise, which was halted at the last minute by late President Umaru Musa Yar’Adua.

In yet another fraud-related case, Soludo in 2008 appeared before an anti-corruption panel set up to investigate the African Finance Institution, an institution he established to mirror the IFC, the financing arm of the World Bank.

•Photo: Prof. Soludo.

Source News Express

Posted 11/01/2013 09:56:57 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Lagos Govt. releases N795m for pensioners

Fidelity Bank makes 6 customers millionaires

Council of State disappoints prophets of doom, says...

The problem with Nigeria —Obi

Man in court for touching girl’s breast

CBN boosts manufacturing, agricultures, others with $2.83B in...

Lagos begins sale of screening test forms for...

Revoke Licence of Enugu Electric, activists tell FG...

I won’t fail Rivers South East Senatorial District...

UNCOVERED: Hotel, Event Centre and Filling Station of...

Red alert as militants regroup in Ogun

Imposter nabbed at INEC

 

Latest News Katsina APC lawmaker defects to PDP BREAKING: Senate refuses to confirm EFCC, ICPC nominees over lopsided appointments Kidnappers tie lecturer to tree, shoot him dead after ransom was paid 20,000 APC members defect to PDP in Akwa Ibom N27bn fraud: How EFCC arrested ex-Gov Orji’s son, friend at Abuja night club 2019: We’ll soon decide on Buhari, Atiku — Miyetti Allah Nigerian Army guilty of war crimes: ICC Obiano, Oye must go, says APGA chieftain Court orders trial of Prophet Ayorinde over alleged N118 million dud cheque PDP rejects Kashamu, insists Adebutu is ‘authentic’ Ogun guber candidate FG, ASUU break impasse with partial agreement Magu warns against vote-buying, calls for youth participation in political process

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (429,585 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (394,614 views) Shameless Genevieve Nnaji exposes breasts in public (327,532 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (280,873 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (247,695 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,181 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (211,981 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,195 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (179,465 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,353 views) Lagos plane crash: Journalist releases victims’ names (167,132 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,628 views)

 

Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,872) Business Verdict (54) Columnists (972) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (311) International (2,805) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (69) News (41,338) Opinion (1,150) Pidgin (13) Politics (8,114) Religion (911) Sports (1,813) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera