By Jaafar Jaafar
Former deputy governor of Central Bank of Nigeria (CBN), Professor Kingsley Moghalu, has denied saying President Buhari’s fixation with war against corruption would retard the nation’s economic progress.
In a rejoinder to PREMIUM TIMES story of August 4, which is a rehash of his opinion article published by the paper a day earlier, Mr. Moghalu said his position was misrepresented.
He noted that anyone who read his article, titled “Strategic Thinking about Nigeria’s Future”, would be surprised at the caption of the news story.
“The headline appears sensational, misleading, and creates a false impression of my intent conveyed in the words of my opinion article,” he clarified.
While restating his support for the Buhari administration’s anti-corruption drive, Mr. Moghalu said “like millions of Nigerians, I strongly support President Buhari’s war against corruption. As I stated in the article: ‘accountability, especially for egregious acts of corruption, is necessary as a deterrent against impunity'”.
Mr. Moghalu further clarified that there was no ambiguity in his viewpoints regarding Mr. Buhari’s focus.
“Clearly, then, there is no ambiguity in my position. I was simply suggesting that, beyond probing into past corruption we should also be forward looking and work towards economic transformation and that PMB’s government should balance its energy between the two objectives.
“That is my opinion as a patriotic Nigerian observing events from outside the government. Anyone can agree or disagree with it. But, how does that amount to the war on corruption “hampering economic development”, which is the very misleading statement your headline attributed to me?
“In the article, I even gave credence to the economic impact of corruption, but nevertheless argued the case for putting in the required effort to build our future as a nation. The objectives of fighting corruption and working towards economic transformation are not mutually exclusive, as the examples of China and Malaysia that I used in the opinion article demonstrate. The issue is one of balance,” he said.
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