Thursday, 20 February 2014

Nigerian President Dance Naked with his autocratic removal of CBN governor

Okey Ndiba
Transformational President Goodluck Ebele Jonathan doesn't have the spine to ask tough questions of Petroleum Minister Diezani Alison-Madueke and Finance Minister Ngozi Okonjo-Iweala regarding "unreconciled" billions that may have taken wings from Nigeria's oil earnings. His government has offered no credible rebuttal to allegations by Central Bank 

Jonathan and Sanusi
Governor Sanusi Lamido Sanusi that the Nigerian treasury is out as much as $20 billion. According to Mr. Sanusi's testimony, the Nigerian National Petroleum Corporation (NNPC) failed to deposit that sum with the CBN. In the midst of this grave ethical quagmire, 

President Snail rushes with Olympian speed to dismiss the CBN governor. And in what must rank as one of the most awfully written presidential statements even by Nigerian standards, Mr. Jonathan's spokesman, Reuben Abati, asserted that the president's action was taken in good faith, in the best interests of all of us, and to restore the CBN to its core mission! And what's that core mission? Blindness, deafness and muteness: See no fraud, hear no fraud, disclose no fraud! Mr. Jonathan's action is illegal, but don't expect the National Assembly to call him on it. Or the judiciary to rebuke him, and then order a reversal. Somewhere in Abuja, some of that missing $20 billion is being stuffed in bags bearing the names of "patriotic" legislators and judges: to ensure that what is good for Jonathan and his posse is upheld as good for the rest of us.