A former spokesperson for ex-Vice President Yemi Osinbajo, Laolu Akande, has called for legal action against those involved in the printing of N22.7 trillion ($50 billion) by the Central Bank of Nigeria (CBN) between 2015 to 2023, under former President Muhammadu Buhari.
Akande described the situation as an “economic calamity” and demanded that those responsible “be made to answer in court”.
Akande was the chief spokesperson to Osinbajo, who was the vice president during the period the money was printed.
He expressed concern that the issue could be swept under the rug and urged the current government to take action beyond simply complaining.
Although Akande said the CBN granting Ways and Means to the Nigerian government was not necessarily bad, he said the scale at which it was done without a corresponding uptick in productivity in the country was “shocking”.
“We must…
Read More