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Nigeria’s former CBN Governor vs. Economy Director, Iweala: each knows what the other knows but Nigerians will never know what both knows! – Tola Adenle

February 3, 2015

Nigeria

Ngozi-Okonjo-Iweala

Dr. Ngozi Iweala

Dr. Soludo

The former governor of Nigeria’s Central Bank (CBN), Dr. Soludo, now a full-blown politician who tried to become his state’s governor under the ruling party after his CBN tenure – a natural progression in Nigeria, AND Dr. Ngozi Okonjo Iweala, also a full-blown politician and Nigeria’s Finance Minister who also doubles in the unprecedented position of “economy director” (which is, by the way in case you live in a part of the world where news are non-existent, in tatters), are at each other’s throats – so to say.

In Nigeria, it means nothing; pardon me, it means something: each is trying to cover his/her dirty record with fine coats of paint. If it’s any news to both Soludo and Iweala, nobody outside their families AND the ruling PDP sees them as fighting on the side of the masses in their two positions: Charles Soludo, a few years back, and Ngozi Iweala, in the last several years.

Unlike in other places, NOTHING will come of these noises in this market place of only two people, as my Yoruba people would describe such back and forth accusations. A minister, Stella Oduah, bought zillions of expensive vehicles each costing well over US$50,000; it would take months before she was fired by the president, or was she because within months, she was at the center of a storm in her native state where the woman was reportedly determined to go to the Senate through machinations of powerful godfathers/godmothers.

Nigeria’s so-called “law-making” chambers have worse reps than Ms. Stella who was never known to have stolen anything unless you count public funds’ misuse as “stealing”. And she is educated, at the very least. The House and the Senate, on the other hand, contain a motley group of people among whom are returnee scam artists from the United States, Britain … resident local 419-ers and others known to have more than walked – and worked – on the wrong side of the Law, and pardon the sexism, many of the hardly-literate in the two bodies are guys!

Now, our two “brilliant technocrats”-turned pols have gone at it each other, terming the other, failures at managing the economy blah blah blah.

Whose side can one take in this matter unless you are ready to have your head used as coconut crusher when matters are settled East of the Niger? After all, receptions were held and awards given to Ms. Stella by her constituents in the East when she was finally let go from her job where she left a humongous hole in Nigeria’s treasury via an agency under her supervision.

If you are a non-Nigerian and this comes as a surprise, Ms. Stella’s “People” merely saw one of their own bringing a share of “the national cake home”!

If you are interested in checking out the allegations and counter-allegations, here are a few links. Personally, I did not read any of the essays beyond the first paragraphs because there’s nothing being said that Nigerians do not really have an idea of NOR that have not been written about, including my asking the honorable Iweala to resign more than three years ago because she seemed to me even by then to have shown she had no grasp of an economy she was “directing”.

Both are fighting gangs’ turf war equivalent because even as Ms. Iweala keeps asking Nigerians to “brace for tougher times”, those she really needs to address their spending are getting visibly overweight by the day. The economy czarina, too, shows no physical sign of lack unlike millions of Nigerians.

Re Soludo, Nigerians have not forgotten the questionable/dirty/shady currency printing allegation with a Down Under security printing firm, okay?

Here are just two essays – among many – that showed my feelings about Iweala’s competence and suitability for continued ministerial position. As we Nigerians are concerned, they both represent two sides of the same coin of Nigeria’s economic woes.

https://emotanafricana.com/2011/06/22/nigeria%E2%80%99s-new-ministerial-list-portends-a-future-that-is-nigeria%E2%80%99s-immediate-past/

https://emotanafricana.com/2014/02/23/okonjo-iweala-overstayed-her-welcome-and-now-its-too-late-to-resign-from-corruption-drenched-nigerian-government-tola-adenle/

If you want to be in on the Soludo v. Iweala accusations and counter accusations, it’s all over the web.

TUESDAY, FEBRUARY 3 2015.  8:35 p.m. [GMT]

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3 Comments on “Nigeria’s former CBN Governor vs. Economy Director, Iweala: each knows what the other knows but Nigerians will never know what both knows! – Tola Adenle”

  1. Deleola Daramola Says:

    “…the world has seen that the king is naked”.

    I actually took my time to read Prof. Soludo’s response to Ngozi.
    Just like you opined, both of them are same coin of two sides, but I kept reading to the end for one reason, it was a revelation of what we outsiders can never see or get to know! So, the messagers were not as important as their messages. Neither of the feuding duo is my favorite but his message is as bitter as it tastes and I guess it is true!
    Here are excerpts from the long response that I found truthful and revealing:

    “…the Nigerian economy is in trouble. Naira exchange rate appreciated under me from N133 to N117 before the global crisis; and reserves grew to all time high of $62 billion. …..You can’t match these records”!

    “Why did we save under Obasanjo but not under Jonathan? “Two keywords explain it: leadership and integrity”.

    “So, as Nigerians still wonder, if billions of dollars are now ‘missing’ under your nose, why should governors trust you to keep their money”?

    “Ironically, President Jonathan has recycled you, with a bigger title and greater responsibilities. But the difference is that the team that did the actual work is no longer there, and the world has seen that the king is naked”.

    “I feel the pain of the 180 million Nigerians whose tomorrow you have carelessly rendered bleak, and when I think of what the missing trillions could do for them, it becomes extremely urgent that we all must deepen the debate”.

    Liked by 1 person

    Reply

    • emotanglobal Says:

      Dear Dele,

      Thanks for this. You do know that no matter what, I will read your contribution/comments … So, I’m really not taken by surprise at the idea of Soludo’s words against the Czarina because they are exactly what I have repeated here zillions of times that have led to a brigade whose members are ever ready to write in to defend or call me out.

      While I have no tears to shed for Soludo, the short write-up definitely shows whom I consider – sort of – the better of two evils!

      My regards,
      TOLA.

      Like

      Reply

    • emotanglobal Says:

      Dear Dele,

      Thanks for this. You do know that no matter what, I will read your contribution/comments … So, I’m really not taken by surprise at the idea of Soludo’s words against the Czarina because they are exactly what I have repeated here zillions of times that have led to a brigade whose members are ever ready to write in to defend or call me out.

      While I have no tears to shed for Soludo, the short write-up definitely shows whom I consider – sort of – the better of two evils!

      My regards,

      TOLA.

      Like

      Reply

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