NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
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: 2,432


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

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
APC vows to take over Anambra in November...

Breast cancer: Nutritionist counsels women on proper diets...

Compensate sacked married women, Globacom told

Abia journalists fast and pray for release of...

Deciding moment at UN Youth Assembly

THEY’VE BEEN KILLED: Indonesia executes Nigerians, other convicted...

South East Governors reject transfer of Boko Haram...

Breaking News: WE ABDUCTED CHIBOK SCHOOLGIRLS —Boko Haram...

2 Nigerians killed in South Africa within 48...

Igbo leaders seek audience with Donald Trump

Female suicide bombers: HURIWA calls for DNA probe,...

Fuel subsidy: Iheanacho freed over bribery allegation

 

Latest News APC group, PDP, SDP, Obasanjo’s CNM, others to form new party Forex: IMF Seeks Unified Exchange Rate Regime Nigeria is playing with fire - IPOB threatens Lagos to unveil new statue of Gani Fawehinmi Few days to LG polls, fire guts Kaduna electoral commission office 2019 Guber: Anioma Nation endorses Okowa as sole candidate Security challenges loom over Buhari’s re-election bid Flood sweeps away 8-year-old girl in Anambra 23 cultists, 15 other suspected criminals in trouble 10 injured as rainstorm wreaks havoc in Delta Kogi recruits 1,800 caterers for school feeding programme Promoters of Alex intensify campaigns ahead of BBNaija grand finale

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,179 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (334,060 views) Shameless Genevieve Nnaji exposes breasts in public (267,326 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (219,777 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (201,818 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (197,742 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,531 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (154,899 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (146,848 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (138,577 views) Lagos plane crash: Journalist releases victims’ names (136,605 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,325 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,064) Business Verdict (40) Columnists (836) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (481) Features (568) Global Business Monitor (262) International (1,920) Interview (149) Live Commentary (28) Love Matters (116) News (34,645) Opinion (915) Pidgin (10) Politics (4,798) Religion (722) Sports (1,483) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

NLNG Science and Literature Prize Awards

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement