Soludo's tenure as CBN gov, a disaster, says Okonjo-Iweala

The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, on Wednesday described the five-year tenure of Prof Chukuwma Soludo as the Governor of the Central Bank of Nigeria (CBN) as a failure and a disaster to the banking sector.

Soludo who was the apex bank governor between May 2004 and May 2009, had on Monday written an article where he claimed that the Nigerian economy under President Goodluck Jonathan had performed woefully.

Okonjo-Iweala, while reacting through a statement issued by her Special Adviser Communications, Mr Paul Nwabuikwu, said Soludo through his article has committed what she described as 'intellectual harakiri.'

The Minister noted that not only was the article littered with abusive and unbecoming language, it shows Soludo, whom she described as an 'embittered loser in the Nigerian political space' can get so derailed by misquoting economic facts and maliciously turning statistics on their head to justify a hatchet job.'