Soludo holds fire, but insists N30 trillion, plus AU’s N8.6trillion missing under Okonjo-Iweala

Charles Soludo, Former Governor, Central Bank of Nigeria

A former Governor of the Central Bank of Nigeria, Chukwuma Soludo, has reaffirmed his claim that at least N30 trillion of Nigerian money has either been stolen, diverted or unaccounted for in the last few years under Ngozi Okonjo-Iweala as finance minister.

He however said that does not include the about N8.6 trillion the African Union said is stolen from Nigeria annually.

In a statement Wednesday, Mr. Soludo said he stood by statements he made in the last one week exposing the rot in the Nigerian economy, and accusing President Goodluck Jonathan and Mrs. Okonjo-Iweala of ineptitude.

Mr. Soludo however said he would no longer release the second and third parts of his promised three-part response to Mrs. Okonjo-Iweala’s reply to his first article on the state of the economy.

Mr. Soludo’s first salvo at the government, alleging extensive abuse and corruption in the system and grading Mr. Jonathan and Mrs. Okonjo-Iweala “F” on economic management, triggered a combative response from the minister who labelled Mr. Soludo Nigeria’s worst CBN governor.

In his second piece, Mr. Soludo said the government’s poor management of the economy had resulted in the loss of N30 trillion.

He said the amount did not include the estimated $40.9 billion (N8.6 trillion at parallel market exchange rate or nearly two years’ Federal Government budget) which the African Union’s (AU) recent report claims to be “stolen” from Nigeria each year.

Mr. Soludo said Wednesday he will hold fire henceforth, and that his decision followed reports quoting the minister as saying she would no longer join issues with him.

Read full statement below

I STAND BY MY STATEMENTS

Chukwuma Charles SOLUDO, CFR

1. My attention has been drawn to statements credited to the Hon. Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, in response to my latest article and call for a structured debate on the issues. According to the report, she no longer wants to join issues with me. In the circumstance of the moment, I therefore withhold parts two and three of my promised three-part response.

2. Let me also state for the avoidance of doubt that I stand by every statement I made in the two articles viz: (1) “Buhari Vs Jonathan: Beyond the Elections”; and (2) “Ngozi Okonjo-Iweala and the Missing Trillions”. In particular, I insist that over N30 trillion has either been stolen or unaccounted for, or grossly mismanaged over the last few years. This figure does not include the estimated $40.9 billion (N8.6 trillion at parallel market exchange rate or nearly two years’ Federal Government budget) which the African Union’s (AU) recent report claims to be “stolen” from Nigeria each year.

3. I wish to thank Nigerians all over the world who have been contributing to this timely debate. This is election time and it is expected that some vested interests will either choose to live in denial or attempt to politicise the issues. But from the debate so far, I am convinced that our economic management won’t be the same again. Once our managers know that the citizens will rigorously and vigorously challenge them to account, the welfare of the citizens will be better for it. Whoever wins has his job cut out for him, and to the extent that this debate has challenged the respective teams to seriously re-examine their blueprints to guarantee the security and prosperity of every Nigerian, my objective is accomplished. I love my country Nigeria, and as I said before, I won’t keep quiet again.

Once more, Nigeria must survive and prosper beyond Buhari or Jonathan!


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  • harry

    during Buhari time,NNPC always published its activities and and account statement yearly..why did that stop now? if they have been doing that till date,at least Nigerians would have had ideas on how our oil is been run. we demand accountability,you guys should stop taking us for a ride. they so much believe that we the masses are fools and you cant blame them for that because we always keep mute,suffering and smiling!!

    • bugwu

      How may years old are you??? Can you show us one that was published then???

      • Maitama Tambari.

        Harry was right because GMB was Military Governor of Borno State before he was deployed to be Minister of Petroleum, and Tunde Indiagun took over as Military Governor of Borno State. If Harry was young then try me because I had returned to Nigeria then with my MBA from Connecticut, USA and was employed from USA by CBN. CHANGE! YES WE CAN.

      • chipolopolo

        Enugu big Hotel counter ….lol…..what other properties does soludo have…?

  • Olusola

    No wonder Madam Ngozi cheeks just keep going round-round.

    • Olu Ade

      you mean the rossy cheeks…I see it too!

  • bobby

    It’s startling that those who’re saddled with the economy can be this reckless if soludos account is to be believed. We need a forensic investigation of the govt accounts throughout the tenure of Okonjo Iweala

  • kammykazee

    Thank you Dr Soludo for refusing to be cowed into silence by the evil lot managing our economy especially madam NOI and her co travellers. It is disturbing to note nothing will be done to probe all the allegations you made against this unscrupulous government, the bane of our development as a country is we never hold public office holders accountable, a lot of Nigerians, unfortunately the youths whose future is being plundered would politicise this, leaving the message to attack the messenger. #pity.

  • robo

    Thanks to Ohaneze for intervention I suppose !

  • We urgently need and deserve a response from Dr Ngozi Okonjo Iweala. The facts on the ground, with an exchange rate as high as $1=N207, Poverty of unimaginable proportions, Kidnapping, Mass female prostitution etc, would most appropriately gravitate one’s support to Professor Soludo.

    • koyan

      Nigeria under Jonathan is in safe hands—IBB

      Former President Ibrahim Babangida
      has said that Nigeria under president Goodluck Jonathan is in safe hands.

      He stated this on Tuesday when he played
      host to Jonathan and his campaign entourage in Minna. The former military
      leader said Jonathan was a leader who would continue with the dreams of the
      country’s founding fathers.

      READ HIS FULL SPEECH BELOW

      The Former Chairman who is now the
      Director-General of Namadi Sambo and Goodluck Jonathan Campaign Team, the
      deputy chairman, distinguished ladies and gentlemen.

      My Governor, the chief servant. Mr President, I want
      to thank you most sincerely for finding time amongst your crowded programme to
      pay me a visit.

      I feel deeply touched Mr. President
      because on your own, you travelled to Germany to see me just coming out from
      hospital after a gruesome nine-hour operation on my back and tummy, I felt
      deeply touched by your kind presence.

      Then when I struggled and traveled
      back to Nigeria, you found time to also visit and see how I was doing. I thank
      you Mr President and I want to tell you that I appreciate that very kindness.

      You have also made a very good
      decision to visit me during your campaign tour because Minna is known for
      producing Presidents. Either from your name sake, Dr Nnamdi Azikiwe who
      was born in Zungeru, not very far away from here.

      Since then all the Presidents that
      this country has produced have got one thing or the other to do with Minna.
      They do come to us for blessing and today I will offer this blessing to you.

      The house has played host to quite a
      number of activities in the past. When we were doing nocturnal activities to
      get PDP on track, we also played that role here in this house.. but we
      were doing it in the night because we didn’t want to be caught.

      Ahmadu Ali will also bear witness
      that this was so during the NRC and SDP days, so this is a peculiar and
      particular turf and myself and the family are very proud that we were able to
      play the little role we could in this.

      I want to commend the party and the
      party leadership for being very strong and one of the good things that this
      party has done, Mr Chairman of the party, is that our vision about the
      formation of two parties is good for this country.

      I have seen in PDP a party or
      organisation that is devoid of religion, ethnicity and so on and this is
      something we prayed for and you are showing the lead and I want that to
      continue.

      If others are breaking up, you must remain strong and I
      think that is how it should be.

      I’m glad you backed the President,
      back him strongly. The passion which the President has got, I share a common
      passion with him. That passion is making sure that Nigeria stays peaceful,
      stable, developed and transformed.

      It is a passion in Mr President that
      anytime I see you, talk to you, I come out with the impression of a very young
      man who has passion for this country.

      I wish you well on this and I want
      to assure all of you that Nigeria under Jonathan, we are in safe hands.

      Once more Mr President, Mr Chairman,
      Mr Vice President, all the distinguished friends, I want to thank you for
      finding time to be with us. Thank you so much.

      • Onyintare Cedric Anthony

        Please Nigeria should stop paraphrasing IBB and the lot.

        these are people who if they say good morning you should open your window to check or even sef type on google to check if it is morning.

  • Mart

    Soludo is not an honest man. I know him personally. Have you all forgotten how he manipulated our stock market during his tenure with insiders information.

    • BUSHMAN

      ARE WE TALKING ABOUT THE COLLAPSE OF THE STOCK MARKET OR WE ARE TALKING ABOUT THE PLUNDERING OF THE NIGERIAN TREASURY BY SOME ELEMENTS WITHIN THE JONATHAN ADMINISTRATION?

      • Rotimi Lawanson

        Bushman I can understand why that is your name. Please read below so you understand Soludo’s motivation.

        Ladies and Gentlemen, EL RUFAI ON SOLUDO: ACCIDENTAL PUBLIC SERVANT

        Charles was introduced to me by Ngozi, and that was the
        foundation of our professional relationship and friendship. As far as I know,
        it was also Ngozi who proposed his name for economic adviser and Oby (and her
        husband) took him to Obasanjo several times before he was appointed. If Charles
        is denying that this happened, that is fine. It does not change the facts, and
        those that did what they did know what they did or did not do! Why is Charles
        so hurt that others have helped him? Is he suggesting that he had won the
        Nobel Prize in Economics and that is how Obasanjo got to meet and appoint him?

        Charles presented his jaundiced interpretations of what I
        wrote in clear language as my views in his piece. For instance, there was
        nowhere in the book that I wrote that ‘Ngozi was power hungry.’ She was
        pragmatic and realistic about power relations. How does that equate to being
        power hungry? Charles is playing with words in a patently dishonest way.

        HIS JEALOUSY TOWARDS OKONJO IWEALA

        “The kind of targeted interventions needed to fill the gaps
        sustained by some of such policies were opposed by Soludo unless the ideas
        originated from him. As CBN governor, Charles did all he could to frustrate the
        attempts to establish a national mortgage system and was openly critical of
        Ngozi’s drive and contributions in getting the Paris Club debts written off for
        the simple reason that the the credit might go to others not Soludo!
”

        ON CONSOLIDATION

        The rest of Soludo’s article was spent blowing his trumpet
        of banking consolidation with his characteristic modesty! The dismissal of
        Charles’ over-hyped banking consolidation in The Accidental Public Servant
        therefore appeared to upset him more than anything else. He is still under the
        illusion that his ‘revolution’ changed our lives the way GSM licensing did! No
        one needs a single 234Next to see through the hype and the disingenuous
        comparison. Banks like First Bank, UBA, Union, Zenith IBTC, and GTB needed no
        consolidation. They had sound business models and were doing well without it.
        Soludo’s consolidation abolished investment banks and regional banks, while creating
        a few ‘big’ banks with funny names many of which were either comatose by 2009
        or had to be subsequently saved by the Sanusi Lamido Sanusi rescue exercise. It
        is pathetic to measure the success of consolidation by the number of banks in
        the top 1,000 banks in the world. Did that ranking translate into increased
        lending to the real sector, greater employment opportunities for our people and
        intensified mobilization of savings in the way the GSM revolution did? No way,
        only massive margin loans to create a stock market bubble, engender insider
        lending and incestuous relations between regulators and operators in the
        industry.

        CONCLUSION

        Charles is free to beat his chest and claim that the deformed
        baby called consolidation was a revolution, but today many of the the
        poster-children of the policy like Intercontinental, Oceanic, Finbank and
        Spring Bank are history, the banking-stockbroking rock stars are facing
        prosecution, and with N4 trillion spent to prevent the collapse of his
        revolution. When Charles’ memoirs are published, those that either witnessed it
        or had to clean up ‘the world’s fastest growing financial system’ will have
        their own views.”

    • bugwu

      Go to Enugu you will see the big hotel he soludo used our money to build

    • chipolopolo

      If u know him personally then write ur own article and expose him…..readers r waiting ….lool

      • Rotimi Lawanson

        Let me expose him for you:

        writes Adeniyi, “As Sanusi resumed at
        CBN, his first mandate from the president was to examine the state of the
        banks, to ensure that all was well and that the fears being expressed in
        certain quarters were unfounded. As it turned out, the fears indeed were not
        unfounded. As a former bank CEO with vast experience in risk management, Sanusi
        knew what to look for in the banks. After studying internal memos, various
        reports and correspondences, and also interviewing regulators, bankers,
        business persons, government officials and other stakeholders, he became
        convinced that some of the banks were, figuratively speaking, on life support.

        “Sanusi’s review of activities in the
        Expanded Discount Window (EDW) particularly revealed some unsavoury details:
        some banks were almost permanently locked in as borrowers and were most often
        unable to repay their obligations. When CBN decided to temporarily shut the EDW
        to these banks, they, in desperation, turned to banks like UBA, which had
        excess liquidity, but such funds were lent at very high premium rates. Four
        banks were in this dire strait. A fifth one was also a frequent borrower on the
        EDW. While these banks were not the only beneficiaries of the EDW, the
        persistence and frequency of their demand, by Sanusi’s reckoning, could only be
        a manifestation of a deeper malaise, which CBN identified as a probable source
        of financial instability.

        “In unraveling what exactly was going
        on in some of these banks, Sanusi gave clues to the CBN examiners with regard
        to the areas to look for and the questions for which they should seek answers.
        By the time their assignment was concluded, the preliminary report was just a
        validation of what he had always suspected: five of the ten banks whose books
        were examined were in serious trouble.” (pp93/94)

        Did Chukwuma Charles Soludo know of
        the subsistence of this rot in the banking sector on whose consolidation he had
        been riding a crest of adulation? Soludo claims, to this day, that there was
        nothing whatsoever to indicate that a malaise was domiciled in an industry he
        had charge over. But the evidence on the ground does not support his denial. As
        a matter of fact, they state in BOLD AND
        CAPITAL LETTERS that Soludo habours a very serious credibility problem.
        Adeniyi again: “Among the documents
        Sanusi met at CBN, copies of which he handed to the president, were an internal
        report as far back as December 2007 warning Soludo that banks were trading in
        their own shares and sitting on bubble capital with risks to the financial
        system; a letter written to Soludo by the NDIC (Nigerian Deposit Insurance
        Company) managing director, Mr. Ganiyu Ogunleye, in 2008 after a meeting
        between NDIC and the Security and Exchange Commission (SEC), which proposed
        that a technical team be sent by CBN to examine the books of the banks and
        assess possible threats with regard to capital market exposures, and a letter
        from finance minister Shamsudeen Usman in 2008 following up on the NDIC letter.
        Sanusi said he met no record at CBN to suggest that any concrete action was
        taken”! (p95)

        Thus, as the banking industry was
        disintegrating under his watch, Soludo, like Nero who fiddled while Rome burnt,
        continued regardless. Adeniyi, for the last time: “The report of the activities
        of five of the ten banks that were first examined was damning: several abuses
        had been committed in the name of banking, with depositors’ funds taken to
        speculate in the stock market and manipulate share prices while loans were
        given out without any expectation that they would be repaid. With scant regard
        for corporate governance, some bank executives had even set up Special Purpose
        Vehicles to lend money to themselves and cronies for stock market manipulation
        and to sustain their flashy lifestyles. The level of malfeasance was so much
        that the borderline between depositors’ money and their personal wealth seemed
        nonexistent to some promoters of the banks.

        “One bank executive took money from
        the till to purchase private jets, which were then registered in the name of
        his son, another bank used depositors’ funds to purchase 80 percent of the
        bank’s IPO, paying N25 per share when the shares were trading at N11 on the
        Nigerian Stock Exchange, and these later collapsed to under N3. The CEO of yet
        another bank controlled over 35 percent of the bank through a crooked deal in
        which customer deposits were being borrowed. The pertinent question therefore
        was, how could all this have escaped Soludo?” (p95)

        Another pertinent question is this:
        what would have become of Chukwuma Charles Soludo if he had generated and
        supervised all this mess while heading a central bank in America or Europe, or
        even Ghana or South Africa? Indeed there are other pertinent questions to ask:
        Who should Nigerians be listening to in the matter of the state of the Nigerian
        economy? Should they be listening to Finance Minister Ngozi Okonjo-Iweala? Or
        should they be paying any attention to Soludo on account of whom the Finance
        Minister made these most telling of observations: “It is totally remarkable
        that Professor Charles Chukwuma Soludo, the man who presided over the worst
        mismanagement of Nigeria’s banking sector as Governor of the Central Bank of
        Nigeria between May 2004 and May 2009, can write about the mismanagement of the
        economy.

    • emekatn

      You lie.Soludo was never at SEC.So he couldn’t have manipulated our stock market.Don’t deceive us with you lies

  • Guguru

    I knew The finance minister could not respond. There is not enough lies in her portfolio to trump the many truths presented by Soludo. And there is not enough time to manufacture new lies either. Ngozi is trapped in the Jonathan cabinet. She sorely wants to leave the Jonathan administration but she cannot because she signed a deal with her soul and blood with the king of hades.

    • Rotimi Lawanson

      Ogogoro I will always track you everywhere because you are a paid agent of SOludo. But no matter how many times you try to traduce her you will fail.

      Thank you Nuhu Ribadu. I have always known that Soludo is a political prostitute. Anybody that can do simple addition will know that Soludo must be high on the same Igbo that Tinubu takes. Just because Obasanjo and Tinubu promised Soludo they will make him Finance Minister, this political prostitute is willing to even sell his mother for power. I wonder why some Igbos always behave like people with no sense. Thankfully when we see people like Okonjo Iweala and Peter Obi we know they have hope and it is not all of them. Look at How Soludo, a man who was basically brought out of nowhere and brought into government by Madam Ngozi Okonjo Iweala, is willing to attack her just for a few crumbs from his Master Obasanjo. Soludo says he feels the pains of Nigerians but did not say anything for four years. He only started feeling this pain two weeks to the elections after checking to see what chances the opposition has. I feel your pain too Soludo! It must be painful for you to lose elections twice to the man you called a trader – Peter Obi. It must be painful to be rejected by Yaradua as CBN Governor. It must be painful to have aligned yourself with Atiku in 2010 and lose to Jonathan. It must have been painful for you to lobby Obasanjo back then to be made Yaradua’s VP and failed. Most of all, it must be painful for you to see Madam Iweala continue to soar above you while you get arrested by EFCC for massive fraud in the Polymer scandal and for fraudulently amassing so much wealth. Times are interesting indeed. If I were APC, I will be worried. Anyone Soludo attaches himself to in politics always fails. I suggest they treat that Judas with a long pole as he is bound to fail again. The only thing Soludo has going for him is his intellect and oversized ego. But without wisdom and character, that intellect is useless as we saw in the massive fraud in CBN. He is just like his other over ambitious empty sister, Oby Ezekwesili, who masquerades and sheds crocodile tears for Chibok girls by day while she is an APC person by night all designed to keep her in the limelight so that it appears as if she is doing something. Jobless people who became government critics overnight after leaving government. Madam carry go jare!

      • Guguru

        Rotimi,

        So, you have chosen to be a stalker. This is sad.

  • pheliciti

    Can someone explain to Madam that silence is not golden in a situation where a response is expected. Or is the plan that the PWC report would exonerate her ala ‘money no miss’? She was quick to fire abuses at her perceived opponent and now keeps quiet having bitten more than she could chew. Madam, please resign if you cannot dignify us with explainations!

  • Chris1408

    GEJ administration is rotten to the core and oozes corruption. NNPC spokesman said Nigeria is losing 60K barrels daily to pipelines vandalism.

    • warry

      Pipeline or vandalism stated today?

      • burning spear

        DONT MIND D ANIMAL— WHEN WAS OIL DISCOVERED–IN 1957—HAS PIPELINE VANDALISM NOT BEEN GOING ON IN LAGOS FOR YEARS

  • warry

    Soludo is. Seeking for relevance and cheap publicity. He is indirectly working for APC by spewing lies as usual .#30trillion is $150 billion .What is the annual budget of Nigeria?

    • chipolopolo

      My friend park well !!! Can’t u read…..what has Nigeria annual budget have to do with missing money? So u actually think the budget is all the money this country generates…

      • burning spear

        PUT ON YOUR THINKING CAP—IF SOLUDO KNEW THE MINISTER STOLE ALL THESE MONEY WHAT HAS HE BEEN WAITING FOR ALL THESE WHILE –HE WAITED FOR OVER—4 YEARS TO REVEAL THE THEFT OF THE MONEY FROM THE OIL WELLS IN THE NIGR DELTA?

      • Onyintare Cedric Anthony

        lol. Oga you too dey.

        take PhD Nigeria Economic Studies

    • burning spear

      The massive looting of Lagos state by the Leader of the Action Congress of Nigeria-now APC, Asiwaju Bola Tinubu has reached monumental proportion. Tinubu whose companies recently conered a multi billion road construction job in Ogun State, has in his pocket all the juicy contract in all the Action Congress’ states.

      In retrospect, it might be difficult to come to terms with the fact that an individual could hold the entire south west to ransom. There is no doubt that Tinubu has succeeded in buying the Lagos State government, and he has done this using government funds.
      .
      Whenever someone in Lagos begins to wonder where their 4th mainland bridge went, or what was the fate of the pipe-borne water project, or even where the schools and hospitals had vanished to, there is a silence that contains it all. The largest landlord in Lagos has done as he has pleased, and the rest of the state just has to deal with it. For instance: Number 4, Oyinkan Abayomi (formerly Queens) Drive, Ikoyi: A 5-bedroom detached house on one acre of land which was originally the Lagos State Governor’s guest house since 1979, but which now belongs to Tinubu. The certificate of occupancy of the property valued at N450 million was signed and released to him by Fashola in 2007 shortly after he assumed office.

      Tinubu’s residence at 26 Bourdillon Road, Ikoyi was initially falsely presented as Oando Plc Guest House. Later, he purportedly bought it from Oando, and used public funds to rebuild and renovate it. The Lagos State Government bought the property and paid an undisclosed sum to him and thereafter gave the property back to him under the bogus Pension Bill he signed to law shortly before he left office in 2007. The property is worth over N600 million. What a shame

    • Onyintare Cedric Anthony

      you go fear fear!!!

  • burning spear

    THIS IS A CLEAR INDICATION THAT SOLUDO was hired by APC TO ACCUSE the minister of theft–when Tinubu locked up Sanusi in Lagos and forced him to allege that 20b was missing—government spent millions of tax payers money to investigate the matter–APC has started again–because most of the accounting and auditing firms which will be contracted to investigate the said missing money are owned by Yorubas –Sadly another sanusi is born in the south east—for APC and his name shall be Soludo—-and shall be visited by the wise men from the south west—led by drug dealers and certificaters like tinubu and buhari–monkey

    • chipolopolo

      None felt the rubbish u just typed is worthy of a response but I will indulge u……most of the big auditing firms are not owned by yorubas…they are foreign owned and Google search(which is simple enuf for even u to use) should sort u out

      • burning spear

        It is to this third group that one must logically confine Soludo, who gave
        the impression of impartiality when he was actually trying to up the stake
        and see who the highest bidder would be. His thesis, *Buhari vs Jonathan:
        Beyond the Election*, is self serving to the extent that his selfish
        intentions stand out like a sore thumb. The only good thing going for that
        write up was the opening caveat that suggested that the author has kept
        some distance away from government and governance so one can easily
        appreciate that he has lost touch with the reality of running an economy
        the size of Nigeria. If Soludo were such a whiz kid fiscal manager like he
        made out then the administration he served would have been able to build an
        El Dorado upon which subsequent administration would have built a heaven on
        earth.

        But nay, Soludo and the administration he served did no such thing. His
        stay as the helmsman at the apex bank was a period of habitually papering
        over the reality of not just the banking sector but also a period of
        actively and officially promoting brigandage that threatened to sink the
        country. Does Soludo think Nigerians have so easily forgotten about the
        toxic loans that his predecessor, Mallam Sanusi Lamido Sanusi (now the Emir
        of Kano) had to deal with upon the end of that shady era? PA

  • juachebe

    Serious issues on the management of our economy has been raised by Soludo. It is not important who Soludo is. The honorable minister has to respond or we accept Soludo’s revelation. It is not golden to be silent.

  • burning spear

    Ibo jam Ibo–result na biafran war—————–with Amaechi as their lines man——————-for the Fulani Sabinkate 11 of Katsina state– ati Yoruba national under 73 team–known as–d Oluwole Mighty warriors club–of APC in lagos———–animals

    • Intrepid

      Ijaw will sit behind and sabotage the outcome of the match. Guess what? Ijaw will scavenge what is left of the match take away, after the match has been ABADONED. Typical Ijaw.

  • burning spear

    Philip Agbese

    It is the season of recycling. The twilight of next month’s general elections – including the presidential election is flushing out failed politicians from their hideout to make a last ditched effort at positioning for plum offices that could be their ticket to rehabilitation from obscurity. The latest to make the list is former apex banker, Professor Chukwuma Soludo, who finally found the avenue to vent the venom that has built up in him since his unceremonious exit from the Central Bank of Nigeria (CBN) and the humiliation of a lacklustre performance when he was misguided into taking a shot at the Anambra state governorship seat. Those being flushed out of premature retirement come in different flavours: some are rightly outrage by the attempt to manipulate history and are coming out to stand by President Goodluck Jonathan; others are desperate to see what meal ticket and crumbs could fall off the opposition’s table with the slush money being made available by the league of the desperate; yet a third group is made up of those tossing leaves into the air to see what direction the wind blows in terms of making a show of being critical of the ruling and opposition parties and see who pays up first. It is to this third group that one must logically confine Soludo, who gave the impression of impartiality when he was actually trying to up the stake and see who the highest bidder would be. His thesis, *Buhari vs Jonathan: Beyond the Election*, is self serving to the extent that his selfish intentions stand out like a sore thumb. The only good thing going for that write up was the opening caveat that suggested that the author has kept some distance away from government and governance so one can easily appreciate that he has lost touch with the reality of running an economy the size of Nigeria.

  • Frank Bassey

    Nigeria survived beyond Soludo and will continue to survive beyond him.

    • amazing2012

      Did he said we shod not survive ? What of those who said they use war ships to attack ?

  • Ahamefule

    I knew there wasn’t going to be part 2 and 3 of his planned essays. It would have been foolhardy of the govt to allow Soludo run amok on the pages of newspapers without calling him to order.
    To the discerning, Soludu’s piece is self deprecating given that he was once part of the ‘corrupt’ establishment he now fingers. If he alone could misappropriate around $1 billion during his time at CBN as the head honcho, you can begin to imagine the inconceivable financial haemorrhage occurring in other sectors of the economy. So I don’t quite believe the figures he bandies around are far-fetched..

  • terry

    IBB,OBJ,SOLUDO ALL CONFIRM GEJ IS CORRUPT.WHAT MORE DO WE WANT.

    SAI GMB.

    • Onyintare Cedric Anthony

      See the people (IBB, OBJ, SOLUDO) you mentioned. Bros take several seats abeg

      Nigerians suffer from amnesia.

  • TAWANDA INCOMMUNICADO

    Soludo is getting madder by the hour,the man is frustrated and disgruntled,he needs a job urgently. If this amount of funds is missing then how much did Nigeria make and how is it possible to hide this amount of funds in the international finance system.

    Someone should help get him a job because his condition is getting desperate !!

    • amazing2012

      Is you that need a job ! If you can not see arm robbers because they are your tribe or religion then you are anti Christ and you will remain poor.

  • True Nigerian

    So the same Ngozi who called Soludo names is now reluctant to disprove Soludo’s allegations against this government or to prove her own allegations that Soludo’s reforms cost Nigeria 6 trillion. Laughable!

    Isn’t it now more obvious that Madam and her government are utterly afraid of a debate on how much money that has been stolen or mismanaged under this horrific government?

    Nigerians can keep on deceiving themselves based on ethnic and religious sentiments. It is now certainly obvious that this government is horrific and should not be given one more day in office.

    Again, Soludo, thank you for writing! Thank you for the energy and the time given to this task. I know from experience that it is not an easy task to individually engage a desperate lying government that feeds its ego with lies and hounds critics with venomous propaganda. As a government, they have all the propaganda machinery and state resources which they unleash against critics. But for the individual, he can only respond with the meagre resources of a private citizen. Yet, you, Soludo – on our behalf – have won the debate fair and square! No doubt about that.

    • Wähala

      …on the premise of, “silence is the best answer to a pfool”. If Soludo is not seeking to rob off on Madam’s iconic image, why not continue with his stupidity? He shone because Dr. NOI paid him attention, disregard him and he fades into thin air. Ask him to get a job first before marketing archaic ideas in modern economics. He’s a Clown!

  • burning spear

    A fact check of some of these comments may be necessary here: Malam Nasir el-Rufai, the resident APC prophet of doom, in January this year, said: “The next election is likely to be violent and many people are likely going to die. And the only alternative left to get power is to take it by force; this is the reality on ground.”

    Amaechi, a few days later said: “I came to Bori to prove to you that you don’t need to run away from violence. If a man is chasing you with AK-47, you should carry machine gun and the man will call for peace.”

    Buhari, touted as a religious extremist, has never denied his comments two years ago that “There is another developed Boko Haram of
    criminals who steal and kill while the biggest Boko Haram is the
    Federal Government. God willing, by 2015, something will happen. They either conduct a free and fair election or they go a very disgraceful way. If what happened in 2011 (alleged rigging) should again happen in 2015, by the grace of God, the dog and the baboon would all be soaked in blood”

    Tinubu, as a prelude to the last Osun gubernatorial elections, in a paper he delivered to the young minds at the Ladoke Akintola University of Technology, spoke about the APC’s new “rig and roast” policy; and there is, of course, the APC spokesman, Lai Mohammed, who dishes a monthly feast of inflammatory comments. With a company like this, it is incumbent on Nigerians to be wary and “shine their eyes” and know the caliber of politicians seeking votes next year.

    • amazing2012

      You are confirming how bad and insensitive is Jonathan. Upon all these statements and more, but no one is arrested and proscuted ?!?!? Coward and imbecel man !!!

  • burning spear

    One must also ask: where were all these brilliant ideas when the former CBN governor was in office? How come the fantastic economic team he worked with did not adopt such measures wholesale? Why are the ideas just been mutedwith vehemence now? There are many questions because when he had the benefit of office one his best ideas was to re-denominate the naira? For those who might have forgotten, Soludo’s concept of helping the Nigerian economy was to knock off a couple zeroes off the naira and print new notes. Of course, like the lazy student who spy on his colleagues’ class work, the idea was not original to Soludo at that time as it emerged he wanted to copy a decision already take by Ghana and a couple other countries.

    Fortunately for Nigeria, that misadventure was not allowed to happen and economic watchers can tell anyone who cares to listen that whatever gains Ghana got from re-denominating are fast fading away and our country could have fared worse. Of course we already lost a lot to such college assignment kind of policies because revelations around the polymer notes introduced under Soludo showed that the only person who would have benefitted from the ruse was himself alone a la the bribery scandal around the printing of the lower denomination polymer notes. If Soludo seeks to distance himself from this and blame the folks at the Nigeria Security Printing and Minting Company, a subsidiary of the CBN, then he is himself guilty of what he accused President Jonathan of when he said the presidency has been outsourced. A similar trend is in place in terms of wastage of resources because today, it has been discovered that Nigeria has to discard the polymer notes that Soludo touted as magic. PA

    • amazing2012

      What is your submission trying to say ? Is a lie what was stolen ? Go to court to challenge him ! Jesus is not a thief ! This government is anti-Christ !!

  • burning spear

    FORMER chairman, Economic and Financial Crimes Commission (EFCC), Malam Nuhu Ribadu, on Tuesday, said the alleged missing N30 trillion under the watch of Minister of Finance, Dr Ngozi Okonjo-Iweala, was not possible.

    Ribadu made this known in an interview with the News Agency Nigeria (NAN) in Abuja.

    “I was baffled and got deluded for anyone to say that N30 trillion got lost. I think we just have to look at what we earn as a country and what our budget had been in these few years and see how possible it is.

    “If everything we earned is not up to that within the period she has been the minister, which is about three to four years, then we need to be careful.

    “We need to be careful to avoid more damage to our nation, because there are certain things that when it comes out, it will never go back again,” he said.

    Ribadu said while working under former president, Chief Olusegun Obasanjo, Okonjo-Iweala was the economic team leader and she coordinated the economic policy of the administration effectively.

    “I challenge anybody to say that she stole N1 at that time; we were all there. I was in charge of EFCC and I want to hear anybody say that she did this and that.

    “I followed her up till now. I think it is somehow uncharitable for someone to come out to say that such an amount of money was missing under her watch,” he said.

    Ribadu, who is the governorship candidate of Peoples Democratic Party (PDP) in Adamawa, said controversies being raised about the nation’s economy was unfortunate, adding that Okonjo-Iweala was of impeccable integrity and well respected.

    According to him, when I worked with her, she exhibited a nationalistic attitude that was not questionable and believed in any policy that could take Nigeria and its people high.

    The former EFCC boss advised that people must advocate for things that were geared towards the unity of the country and avoid controversies that would cause more harm to the system.

    “I am close to almost all of us that worked together as a team and I know that Ngozi continues to do what she knows how best to do, which is to serve Nigeria.

    “She managed this economy fairly in spite of all the challenges and difficulties; it is sad for someone to look at Ngozi and said that she has a hand in it (alleged missing funds).

    • amazing2012

      Ribado is looking for PDP’s favor hence ins support and he never said is not stolen, he only said it will not possble. Give him time, he will leave Jonathan just like judas of the highest order Labaran Maku who advices Jonathan for most of his unpopular decisions.
      If any body is disputing what soludo claim, then let him go to court to challenge him.

      • Rotimi Lawanson

        Please read below and educate yourself. You seem to be an Olodo for your lack of understanding.

        Ladies and Gentlemen, EL RUFAI ON SOLUDO: ACCIDENTAL PUBLIC SERVANT

        ” Charles was introduced to me by Ngozi, and that was the
        foundation of our professional relationship and friendship. As far as I know,
        it was also Ngozi who proposed his name for economic adviser and Oby (and her
        husband) took him to Obasanjo several times before he was appointed. If Charles
        is denying that this happened, that is fine. It does not change the facts, and
        those that did what they did know what they did or did not do! Why is Charles
        so hurt that others have helped him? Is he suggesting that he had won the
        Nobel Prize in Economics and that is how Obasanjo got to meet and appoint him?

        HIS JEALOUSY TOWARDS OKONJO IWEALA

        “The kind of targeted interventions needed to fill the gaps
        sustained by some of such policies were opposed by Soludo unless the ideas
        originated from him. As CBN governor, Charles did all he could to frustrate the
        attempts to establish a national mortgage system and was openly critical of
        Ngozi’s drive and contributions in getting the Paris Club debts written off for
        the simple reason that the the credit might go to others not Soludo!
”

        • amazing2012

          So because of personal relationship and the favor he enjoys then soludo will not say the truth ? Because Moses was brought up in palace then he will never say anything good against his master !
          Indeed Charles is a patriotic man, but you look at the case not on national picture but personal reasons.
          If he wrong let her sue him to prove her innocence !

    • absam777

      Former WHO?

  • badoo

    I want to use this forum to thank tawanda,otile and their likes for their for their immense contributions in making buhari popular with their big0try, h@te and derogatory statements on buhari. it wiped up sympathy for the general, Keep up the good works.

    • Tunji

      What difference does your thank you message make? After all you are biafran niggers doing your paymasters’ bidding.

    • TAWANDA INCOMMUNICADO

      Mind games are useless.the old tyrant will be defeated fair and square !!

      • amazing2012

        And you remained a slave generation unborn !

    • lami

      you forgot AIT

  • B-R-E-A-K-I-N-G NEWS

    This is what you get as long as Soludo remains unemployed and jobless

    • TAWANDA INCOMMUNICADO

      He should not have wasted his loot in that Anambra Governorship race,now he is running haywire !!

      • IS.JESUS.CHRIST.A.CHRISTIAN

        Liar!

    • Ade

      The man is asshole!

      • amazing2012

        How ? Explain !! Do you like failure because of what ? Christ ? Is jesus thief ? Is he failure ? You are supporting opposite to Jesus Christ and a disgrace to Christianity !

    • amazing2012

      Also what we get from you, prostrated poor slave. Soludo job or not is not and will never be down poor like you, all he is doing is helping ignorance and blind people like you !!!

  • mk

    Where are those first class hypocrites and bigotrys,,calling time without numbers for GMB cert ???
    Pls do the same to save our money’s from this first class criminals…..GEJ and okonjo_iweala….make most thier answers,, to this great gentleman questions Mr Soludo.

    • Rotimi Lawanson

      Ladies and Gentlemen, EL RUFAI ON SOLUDO: ACCIDENTAL PUBLIC SERVANT

      ” Charles was introduced to me by Ngozi, and that was the
      foundation of our professional relationship and friendship. As far as I know,
      it was also Ngozi who proposed his name for economic adviser and Oby (and her
      husband) took him to Obasanjo several times before he was appointed. If Charles
      is denying that this happened, that is fine. It does not change the facts, and
      those that did what they did know what they did or did not do! Why is Charles
      so hurt that others have helped him? Is he suggesting that he had won the
      Nobel Prize in Economics and that is how Obasanjo got to meet and appoint him?

      HIS JEALOUSY TOWARDS OKONJO IWEALA

      “The kind of targeted interventions needed to fill the gaps
      sustained by some of such policies were opposed by Soludo unless the ideas
      originated from him. As CBN governor, Charles did all he could to frustrate the
      attempts to establish a national mortgage system and was openly critical of
      Ngozi’s drive and contributions in getting the Paris Club debts written off for
      the simple reason that the the credit might go to others not Soludo!
”

      • absam777

        Can you please stop this your senseless cut and paste posting. You reply is too pedestrian

        • Rotimi Lawanson

          Then disprove what i am pasting. The facts are there. El Rufai said those things and he signed with his name. Segun Adeniyi said the same things. Sanusi also said that the banking sector was rotten when he took over. So which one is a lie. You are the one buying a criminals attempt to obscure the truth but the truth will always stand!

  • sammyctu ode

    Initially ngozi called Soludo “THE WORST CBN Governor” then when Soludo released his 2nd part series, she decided not to respond anymore which is what I call INDIRECT ADMMISSION OF GUILT BECAUSE jonathan AND pdp ADVISED HER NOT TO CONTINUE ENGAGING HIM. ngozi started well as Minister of Finance during President Obasanjo’s administration but messed up during the debt issue saga which was why President Obasanjo sacked her. However, when she was reappointed by dumbo, she saw the body language of jonathan took advantage of a weakling clueless dumb president and started committing financial crimes against Nigeria and our economy. I fault Soludo for holding his fire by deciding not to release the 2nd & 3rd parts series because he has made it personal rather than exposing all the rots for the benefits of Nigeria and Nigerians. If he wants to help the country, he should say it all because we cannot continue to go on like this when some few people will be stealing our collective wealth on a yearly basis while over 80% of Nigerians are walloping in abject poverty SOLUDO, WHAT YOU STARTED YOU MUST FINISH IF YOU WANT TO CONTINUE TO ENJOY ANY CREDIBILITY, AS FOR NGOZI, THE BEST THING FOR YOU IS TO RESIGN BECAUSE THAT IS THE RIGHT THING TO DO AND THAT IS WHAT IS OBTAINABLE IN CIVILIZED SOCIETIES.

    • amazing2012

      Well said ! Ngozie should resign and go to jail. I noticed that resigning by thieves after they loots our wealth is more like saying go and enjoy your loot. Non of this criminals are ever prosecuted, now EFCC will not go after her ! What a bad system unders Jonathan ? Still some people will ask you to vote for this cancer. Voting Jonathan is not only an offense but a direct attack to Jesus Christ, Jonathan’s government is that of a thieves which is direct opposite to that of our lord and savior. Their certificates has add nothing to us but deception and disgrace. Vote them out come 14th February or remain a slave for another four under anti Christ regime !!!

      • warry

        Gentleman NOI said what Soludo said does not make sense. That is an answer. Now if Soludo or anybody has facts and is not just politricking, let them sue her

        • amazing2012

          On what basis will he sue her ? It’s his money ? Legal tussle starts from one issue, for instance; he accuses her now is left for her to sue him for a probe of innocence or people, individual or any NGO can sue him or her to prove it.
          For her to keep silence is a probe of guilty and time will expose them!!

      • Rotimi Lawanson

        You are an absolute ignorant buffoon.

    • Rotimi Lawanson

      Why should she accept a debate with someone with no credibility? Charles is not and has never been on the same level with Madam Iweala. He has been seething with jealousy towards her right from time. Don’t listen to his bogus claims that he has been flying abroad doing work with partners. He is persona non grata in all the places that matter. The Americans and foreigners have SOludo’s record and know how much money he stole as CBN Governor. At the right time you will hear all the rot. When you hear it, you will forever condemn this man to the rubbish dump where he belongs. Contrary to his article where he claims credit for things he never did, hear El RUFAI on SOLUDO. He even denied that it was Madam Iweala that brought him from his obscure job as lecturer and Professor in Economics to be appointed as Chief Economic Adviser. If you believe this criminal then you too must be like him.

      Ladies and Gentlemen, EL RUFAI ON SOLUDO: ACCIDENTAL PUBLIC SERVANT

      Charles was introduced to me by Ngozi, and that was the
      foundation of our professional relationship and friendship. As far as I know,
      it was also Ngozi who proposed his name for economic adviser and Oby (and her
      husband) took him to Obasanjo several times before he was appointed. If Charles
      is denying that this happened, that is fine. It does not change the facts, and
      those that did what they did know what they did or did not do! Why is Charles
      so hurt that others have helped him? Is he suggesting that he had won the
      Nobel Prize in Economics and that is how Obasanjo got to meet and appoint him?

      HIS JEALOUSY TOWARDS OKONJO IWEALA

      “The kind of targeted interventions needed to fill the gaps
      sustained by some of such policies were opposed by Soludo unless the ideas
      originated from him. As CBN governor, Charles did all he could to frustrate the
      attempts to establish a national mortgage system and was openly critical of
      Ngozi’s drive and contributions in getting the Paris Club debts written off for
      the simple reason that the the credit might go to others not Soludo!
”

      Nasir El Rufai – Accidental Public Servant.

      • G4

        You have said all this, and yes its possible for Soludo to become Finance Minister, is it possible for NOI to become another World Bank MD? Advising to commodity exporting ting countries that they must bull dose and muster the political will to save funds during the good times? NO, not when she herself could not do that for five years and please do not be an infant and tell me it was not her fault it was the presidency. in cases like that given her world bank credentials she should have resigned if they did not listen to her.
        On what moral authority will she advise nations like Nigeria to have the political will to save. She has built the coffin for her career full stop.

        • Rotimi Lawanson

          You do not resign and let the house crumble. You are so ill informed it is laughable. Let me ask you a question. Where were you when she was shouting everyday that we need to save more money because the Oil price may fall. She started shouting and saving the money as far back as 2012. Please google this and verify. Unfortunately several Governors challenged her and said that she cannot save any money because the Constitution says all money should be shared. And that is true because our constitution says all money should be share between the three tiers of government. The Governors led by Fashola and Rotimi Amaechi even took the Government to court for attempting to save for a rainy day. Now that it is raining people are asking useless questions. Go and check, the Governors took the Federal Government to the Supreme Court. Let us not argue ignorantly here. If she resigned, the house would have collapsed completely. That is why Forbes said that she is one of the 4 Unsung Heroes in the World just four weeks ago.

          • G4

            Typical african u are using the non committed barometer of foreigners to judge your performance whilst your people are wallowing. Did you actually read what I wrote? “They must bull dose and muster political will”!! The same political will OBJ mustered to save over $USD60BN. The same gluttonous governors were pressuring him them but because we had a strong leader that was not that educated he just had that very important ingredient ,conviction and he stood his ground. Who is the uniformed one now???

          • Rotimi Lawanson

            G4, Obasanjo encountered the same problem but at that time there were more PDP Governors so it was easier. Now there are APC Governors. Go and google and find out who was demanding for the money. Please don’t be daft. If you want to debate, debate intelligently. APC is a different political party with a different ideology and agenda. They totally opposed the saving of money and demanded that we abide by the constitution. If you want to find who caused this crisis, look no further. Just google and educate yourself.

          • G4

            When did the defection of Governors take place?It was 2014! Before then how many PDP governors where there ! Even with the defection to date the PDP still control majority of the 36 states.
            What was the method they used to force the Govt to share the money ans: The Supreme Court, The same method the governors were using from the begining against OBJ. OBJ still held firm.
            It appears you are grasping at ever diminishing alibi’s

          • Wähala

            Amaechi led the pack of mad dogs greedily chasing her for bones…

      • Wähala

        Soludo was fingered in the money printing scandal by the Australian govt… that’s why he will remain jobless in his field as far as the Int’l community is concerned. If he’s so hot, let him refer us to just one int’l engagement he has future as a keynote speaker since leaving Nigeria’s CBN. He’s a crook better ignored.

  • Matthew Oye

    Why holding the fire when the fire should be further stroked? It was Prof Aluko the renowned economist that used to be the nemesis of previous government, military or civilian as Gani Fawehimi was the upholder of the rule of law. Now we thank that Prof Soludo has taken the place of Aluko. Prof Aluko served his generation, the same way Prof Soludo should also serve our generation. Please dont hold back the fire, with the freedom of information they should allowed you to enter into the ministry of finance and examine their files and dig out figures there. crumbs eaters economists from IMF and World Back cannot be using outdated methodology to compute information for our consumption. How much is the federal government paying for all these consultants from IMF and worldBank? We need to know. Please release the other two parts, Nigeria need to know. This has nothing whether Madam is ready to join issue with you or not. This is about Nigeria and how our economy is being managed or mismanaged.

    • Rotimi Lawanson

      And Soludo is an APC slave masquerading as a neutral person. He has been a political prostitute right from time.

      Thank you Nuhu Ribadu. I have always known that Soludo is a political prostitute. Anybody that can do simple addition will know that Soludo must be high on the same Igbo that Tinubu takes. Just because Obasanjo and Tinubu promised Soludo they will make him Finance Minister, this political prostitute is willing to even sell his mother for power. I wonder why some Igbos always behave like people with no sense. Thankfully when we see people like Okonjo Iweala and Peter Obi we know they have hope and it is not all of them. Look at How Soludo, a man who was basically brought out of nowhere and brought into government by Madam Ngozi Okonjo Iweala, is willing to attack her just for a few crumbs from his Master Obasanjo. Soludo says he feels the pains of Nigerians but did not say anything for four years. He only started feeling this pain two weeks to the elections after checking to see what chances the opposition has. I feel your pain too Soludo! It must be painful for you to lose elections twice to the man you called a trader – Peter Obi. It must be painful to be rejected by Yaradua as CBN Governor. It must be painful to have aligned yourself with Atiku in 2010 and lose to Jonathan. It must have been painful for you to lobby Obasanjo back then to be made Yaradua’s VP and failed. Most of all, it must be painful for you to see Madam Iweala continue to soar above you while you get arrested by EFCC for massive fraud in the Polymer scandal and for fraudulently amassing so much wealth. Times are interesting indeed. If I were APC, I will be worried. Anyone Soludo attaches himself to in politics always fails. I suggest they treat that Judas with a long pole as he is bound to fail again. The only thing Soludo has going for him is his intellect and oversized ego. But without wisdom and character, that intellect is useless as we saw in the massive fraud in CBN. He is just like his other over ambitious empty sister, Oby Ezekwesili, who masquerades and sheds crocodile tears for Chibok girls by day while she is an APC person by night all designed to keep her in the limelight so that it appears as if she is doing something. Jobless people who became government critics overnight after leaving government. Madam carry go jare!

  • Dave E.

    Why is this respected Prof. now getting himself dirty because of Politics. I am one who respects Soludo for his affinity to the liberalist school of taught. The question now is, why is he making so much noise with the “illicit financial flows report” which is a yearly syndrome. The report highlights how Africa and other developing countries is impoverished by the west arising from financial flows both legitimate and illegitimate with special attention on the proceeds of corruption, capital flight and other financing means which inadvertently erodes the wealth of developing countries. Let the public be informed properly by these self styled “Robbin Hoods” whose desire basically is to enrich themselves at the detriment of the poor uninformed masses. It is a shame! A very big shame at that.

  • warry

    I didn’t know that Soludo does not know anything. #30 trillion or $ 150 billion is like total earnings for the entire 4yrs of Jonathan presidency.If everything is missing, does it mean that at least the states and local did not receive their allocations?

    • paul eneke

      My dear,you must be out of your mind to think Soludo does not know anything.Let me tell you,his assertions are simply beyond your thinking or imagination.Can you use the popular “i better pass my neighbor” generator to power a 2HP air-conditioner? Your mindset can be likened to that!

      • Rotimi Lawanson

        Please explain to us your meaning. because he is writing nonsense. History will be the judge. He is trying very hard to play a statesman but one thing i am so happy about is that God is watching and knows those who are genuinely working for Nigeria. Lets see how this plays out in the near future. Any gullible Nigerian believing Soludo will definitely be led astray.

    • Steve,

      Olodo, if you do not understand maths too bad, by the way he was using last months exchange rate of 200 and not todays rate of 215

      • tyson

        That is madness–when did the present rate start————–the same period or year that the said Sanusi like money was stolen-The biggest thief we have in Nigeria is Soludo who approved Islamic Banking for Boko Haram-

        • Steve

          Are you actually calling his use of present day value’s madness???? Wonders will never end. Go and buy Dollars or pounds and tell the mallam you want the rate of 2007 see if he won’t cut ur head. Olodo

      • warry

        Gentleman for your information I’m a mathematician at 215, #30 trillion, is less than $150 billion,but for a greater part of this administration, it was 160 which makes it even. Worse.

  • Peter_Edo

    God Bless Soludo!!!

  • Etomi

    Woebegotten theorist!!!
    There is no vacancy in Aso Rock…

  • olotito

    Influential Newspaper, New York Times, writes, “Mr Jonathan, who leads a corrupt government that has little credibility.”CHANGE

    • Rotimi Lawanson

      The irony of bringing a 72 year old man as CHANGE hasn’t been lost on you! I dry laugh oo! Even Fashola said that no one should vote for an old man. He didn’t know when he said it. He said that Jimi Agbaje is too old at 57 years. But Jimi Agbaje is 25 years younger than that grandfather Buhari.

      • blueeyedkitten

        fashola is entitled to his opinion.

    • tyson

      They forgot to talk about the opposition led by a convicted drug dealer Chief Tinubu in Chicago and the man who forged his school cert sha—chief genenral Buhari———of APC—-These are all sponsored articles—designed to discredit the most positive looking president–in Nigeria–He is an achiever—all the certificate forgers want to do is to turn back the hand of progress-let them show the world what they have been able to do in the APC controlled states beyond the imposition of Boko Haram rule in the Fulani north–

    • DY

      “Influential Newspaper”? …Olodo, Ode bururuku! …Influential in what sense? By whose standards? What measurements did you take? What indices? Influential New York Times…My Dear you need flogging. By the way, how old are you? If you are younger than 30, then I really pity you and the nation you come from withing Nigeria.

      Show me what ‘Influential’ New York Times wrote about former US Vice President, Dick C. who traveled over 9hrs to bribe OBJ and other officials to secure oil deals for US govt in Nigeria….also, show me what your ‘influential’ New York times wrote about the US disgraceful plea that Nigeria should settle out of court and their (US) refund of millions of Dollars as compensation.

      I pity you. Jordan just executed two terrorists bcos ISIS killed one of its pilots…The US says it stands by Jordan more than ever before. Nigerian security captures and kills Boko Haram founder and other terrorists, and the US refuses to sell weapons to Nigeria but encouraging Nigeria to negotiate and grant amnesty…these are your models of rectitude. Grow up and remove those chains of servitude from your neck.

  • tyson

    They forgot to talk about the opposition led by a convicted drug dealer Chief Tinubu in Chicago and the man who forged his school cert sha—chief Alhaji General Buhari———of APC—-These are all sponsored articles—designed to discredit the most positive looking president–in Nigeria–He is an achiever—all the certificate forgers want to do is to turn back the hand of progress-let them show the world what they have been able to do in the APC controlled states beyond the imposition of Boko Haram rule in the Fulani north–what a shame–what a way to cheapen ones country

  • Elis Davia

    Why is Soludo bringing up this issue now? If he is someone that has the interest of this country at heart, he should have raised this issue long ago.

    • blueeyedkitten

      he has the right to raise any issue anytime he wishes to, just like you.

      • Elis Davia

        am not disputing the fact that he has the right to speak but why now?

        • blueeyedkitten

          why not now? thats my point.

          • Elis Davia

            why did he wait this long to bring it up?

          • blueeyedkitten

            its his prerogative.

        • Odinkemmeremmadu Umuwahamuaka

          You guys should understand the genesis of this whole thing. Soludo made an honest observation concerning our 2 presidential candidates, but madam and her PDP cronies took it personal!

  • Elis Davia

    I really don’t know what Soludo’s interest is

  • Man_Enough

    it is clear as crystal that madam has been completely floored. however by withholding the remaining part soludo is making his piece to look like blackmail; “if you do like this i will tell”. not good enough. soludo should be patriotic to the end; no matter whose ox is gored.

    • blueeyedkitten

      true

    • Odinkemmeremmadu Umuwahamuaka

      U cant be more correct!!!

  • 247don007

    See excerpt from the AU report below:

    “The report of the Thabo Mbeki High Level Panel on Illicit Financial Flows from Africa adopted on Sunday by African Union Heads of State and Government at their summit in Addis Ababa, Ethiopia said about $40.9billion (about N6.87trillion) of an estimated $60billion (about N10.08trillion) lost through such transfers from Africa in a decade (2001-2010) are traced to Nigeria.”

    “The funds are stolen through corruption, tax evasion and illegal transfer of profits by multinationals, the AU said.”

    “Cumulatively, Nigeria and Egypt topped the list of ten African countries by illicit financial transfers between 1970 and 2008, with $217.7billion (about N36.57trillion), or 30.5 per cent, and $105.2billion (about N17.67trillion), or 14.7 per cent respectively, while South Africa had $81.8billion (about N13.74trillion), or 11.4 per cent.”

    The period mentioned in the above excerpt are 2001-2010 as well as 1970-2008. The last time I checked, Soludo was part of the economic management team of this country within the stated period. How come he superintended over “corruption, tax evasion and illegal transfer of profits by multinationals” and politicians in his time considering his acclaimed competency & integrity?

    The Obasanjo & Buhari he is celebrating & rooting for were head of govt within the period under review by the AU and it appears our Soludo chose to close his eyes on that. Maybe he chose not to fire anymore ‘cos of the revelation of the AU report.

    One thing that is very clear from this report is that GEJ was not head of states in 1970-2008 neither was he the president in 2001-2010. GEJ became the president after the dead of Yar’adua in May 2010 till date. Meaning the economic management of this by GEJ’s predecessors (of which Soludo has been part of) weren’t good enough.

    • fresh15

      You have made a valid point

  • CONSCIENCE

    ‘Soludo holds fire’…and so what! …is he the first person to hold fire? ..if him like make him hold thunder plus lightening join, na wetin concern man pikin. Nonsense!

    He is one of those disgruntled elements which Comrade Azazi referred in his famous unprepared speech superbly delivered in Asaba few yrs ago. Disgruntled bcos he is a loser like Duncee. The only difference between Duncee and Soludo is that Duncee is certificate-less, illiterate and terrorist loving, while Soludo has his useless bag laden with certificates, literate and has no affinity to terrorism.

    Why did Pope Soludo not shout when OBJ took N50m cash to bribe Bola Ige?…OBJ’s aides confessed to this crime and the video is freely available on youtube. Why did Soludo not shout about the Haliburton scandal that involved the useless US government where its useless VP (Dick Chmney) bribed OBJ & Co to get oil contracts. Yet, the same US will send John with his over grown nose, to come down to Lagos and threaten Nigerians with non issuance of Visa…and sone idiiiooots in the gathering were clapping. Chei! I pity Nigeria no be small.

    Back to Soludo, let him go and wash his head with fresh unadulterated Palmie to cleanse him from the confusion within and outside his personal space. Jobless, and refusing to go back to teach having tested my oil money, and knowing that nobody remembers him again, he decides to make some noise. We have noticed you. So go back and sleep….For those who mistake Soludo’s miserable lamentations for support for Duncee, be informed that Soludu abhors illiterates and does not tolerate a mediocre like Duncee even from a distance.

  • PRESIDENTIAL DEBATE

    QUESTION…: Mr Bokohari, you are very much welcome to the 2015 Presidential debate
    BOKOHARI.. : Thank you very much…but pls learn to refer to me as General Bokohari or Imam Bokohari. Ok?
    QUESTION.. : Ok! To start with, how old exactly are you? Bcos @ 80+ you don’t have a single white hair
    BOKOHARI.. : Look my prend, I am simply younger than Robert…As for the white hair, I use concentrated dye thrice per week.
    QUESTION.. : But why? Getting old is a gracious thing?
    BOKOHARI.. : Yes!…but these PDP people can use that against me. They are very dangerous you know…
    QUESTION…: Oh I see. Now let’s address a burning issue. Your certificates…where are they? Where is your certificate?
    BOKOHARI ..: Look my prend, Walahii I can spill blood here in the studio if you go there again…pls move to the next question.
    QUESTION.. : What’s your position on Boko haram?
    BOKOHARI.. : I have said it before, and I say it again, Imam Shekau is a good man. FG shud grant him amnesty like the Niger Delta
    fighters…he should get the same treatment

    QUESTION.. : But Mr Bokohari, oh sorry! General Bokohari, Shekau has killed too many & destroyed so much
    BOKOHARI ..: Who told you that lie? The streets are not soaked with blood yet.
    QUESTION.. : What is your position on Sharia…the cutting of limbs as punishment etc etc
    BOKOHAR.. :. Let the Muslims bother about that. Is it your limbs that are cut? Let the muslims whose limbs are cut bother and not you.
    QUESTION ..: You arrested Fela bcos he sang a song that you did not like. You asked that he be beaten and thrown into jail. Do you regret
    that action?

    BOKOHARI.. : No. Not at all. My only regret is that I did not punish him well enough
    QUESTION ..: Gen Bokohari, just to test your mathematical skills, kindly tell us the answer to this question: 11 + 11 = ?
    BOKOHARI.. : Oh…that’s a simple one. The answer is 1111.
    QUESTION.. : Ladies & Gentlemen, may we now take a commercial break. The General’s answer has made our transmitters to begin to overheat. We’ll be back in a moment….

    • IS.JESUS.CHRIST.A.CHRISTIAN

      YOU ARE LEFT HERE IN HALLUCINATION TYPICAL TO THAT OF MR. GOODLOCK JONOTHING. POSTPONE ELECTION, FREQUENT SHUTTLE TO MINNA IBB ROCK VILLA, FALLING SHORT OF IDEAS TO CONTAIN THE TSUNAMI THAT ABOUT TO WIPE THE CLUELESS AND HIS GANGS OF TERRORIST ASARI AND CO, DRUG BARONS, BURUJI KASHAMU, PSYCHIATRIC PATIENT FEMI FANI KAYODE, THUGS AND MOTOR PARK TOUTS AYO FAYOSE, NIGERIAN CHRISTIANS MONEY EXTORTIONIST AND FRAUDSTERS FAKE MEN OF FAKE GOD ORITSEJIAFORS, OYEDEPOS, AND SO ON.

  • Olayinka

    Duncee, show thy certificate!

  • warry

    Everybody is politricking about missing this and missing that. Really funny. Nigerians are being taken for a ride. You mean state Accountant Generals and commissioners of Finance don’t know how to check federation Accounts because. Jonathan is president.

  • IS.JESUS.CHRIST.A.CHRISTIAN

    BABA IYABO HAS SAID IT, AND NOW CHANNELS TV CONFIRM IT THAT MAMA PATIENCE IS ONE OF THE FIVE PRESIDENTS OF NIGERIA. TAKE A LOOK AT THE PICTURE.

  • Roland

    @Rotimi Lawanson

    For those of you who have just joined the debate, I must draw your attention to one he-goat called Rotimi Lawanson. Do not be deceived by his utterances. This guy is not a Yoruba person — besides, you’ll be hard-pressed to find any Yoruba person in his or her right senses leaping to Ngozi’s defense. He has been regurgitating excerpts from El Rufai’s comic book and citing other irrelevant sources in his futile attempt to malign Solodu’s character. He belongs to the rubbish heaps and should be ignored.

    Isn’t it about time you guys stopped attacking the messenger instead of the message? If you must puncture holes in Soludu’s piece, please do so by countering every issue he raised, point by point. Maybe we will all learn a thing or two from your rebuttal.

  • Ette

    Soludo is very right. NOI knows that all her statistics are fake and now that the true is open she quickly ran to plead with Soludo to hold his peace and not disgrace her further. Soludo must publish the 3rd and 4th thesis otherwise we take it to mean he has been settled to keep quiet. The debate must go on and it is not compulsory that NOI join as other Nigerians are very keen. NOI is a disgrace to Havard and World Bank though she is doing their bidding against our nation.

  • IS.JESUS.CHRIST.A.CHRISTIAN

    The United States Commission on International Freedom (USCIRF) has cautioned former militants of the Niger Delta, Alhaji Mujaheed Dokubo-Asari, Victor Ben Ebikabowei aka Boy Loaf, and Government Ekpemupolo, aka, Tompolo, over all the inflammatory statements that are being credited to them in the build up to the presidential election that is coming up next week Saturday.

    The commission while making this warning in its latest report which its chairman, Dr. Katina Lantos Swett, made available to correspondents of the Department of State in Washington, DC during the week, added that such statements coming from the former militants who have been threatening wars if President Goodluck Jonathan loses the election, could lead to a religiously-motivated violence if proper measures are not taken by politicians and security agents in good time.

    Reacting to the inflammatory statements that are being credited to the former militants, the USCRIF warned President Goodluck Jonathan and other candidates to prevent the looming electoral violence by calming their supporters as well as warning them against such statements. hjg
    .

    • Guajn

      Talk to Boko haram first if you don’t actually support them.

      • IS.JESUS.CHRIST.A.CHRISTIAN

        THEY EXPOSED BOKO HARAM WHEN REVEREND DAVIS OF AUSTRALIA INDICTED C.A.N ORITSEJIAFOR AND BIAFRA IHEJIRIKA ON ONE HAND ON THE OTHER HE REVEALED THE GOODLOCK JONATHAN’S. MODU SHARIFF’S, AND IDRIS DEBY’S OF TCHAD CONSPIRACY IN BOMBINGS KILLINGS AND DESTRUCTION OF POOR NORTHER MUSLIMS NIGERIA.

  • Patrick

    Soludo should hold his peace and stop clamouring for attention to back his political agenda

  • Wähala

    Soludo shud tell Duncee to produce his certificate and attend a debate…He, Soludo should therefore stop distracting Nigerians.

  • MushinSpeaks

    Who will help return this loot that has been declared missing.

    CHANGE we want.

  • fresh15

    Soludo’s claims are unauthentic and should be ignored.Our interest should be on choosing the right candidate at the polls which amidst all these bruhaha,Jonathan is still the best choice.We should by no means be confused.Judging from the antecedents of Buhari and Jonathan,Jonathan is is more qualified for the job.Forget politics,the truth must be told.

  • Lake4r

    Some
    of these folk crying blue murder only need to sit in the seat of Okonjo-Iweala
    for a week and they’ll go insane. I mean, to make the Minister of finance
    responsible for all the Country’s woes is simply doesn’t add up. This Woman
    isn’t all-in-all in the government. It has always been easier picking holes in
    systems than getting busy. So these cynics better get busy!

    • D’analyst

      She isn’t just the minister of finance but the coordinating minister of the economy, a role outsourced to her by an “incompetent” president. So it makes complete sense to blame her for the economic failure of this government.

  • Lake4r

    Soludo now you can be made the Minister of Finance in the shadow government that APC is about to form after February 14.