The Central Bank of Nigeria has come under intense scrutiny in the past six months. This is not just because of its controversial restrictions on foreign exchange transactions but also as a result of allegations that its leadership facilitated inappropriate massive cash withdrawals of foreign currencies from the Bank’s coffers by the erstwhile National Security Adviser, Sambo Dasuki, close to the 2015 presidential elections.
These transactions are believed to have had the blessing of President Goodluck Jonathan.
PREMIUM TIMES believes these unfortunate controversies pose a serious threat to the lived reality of the independence of the Central Bank, which we believe is of vital importance to the maintenance of a sound economy.