• Falana rejects Soludo’s defence on allocation of $7bn to 14 banks

    Falana rejects Soludo’s defence on allocation of $7bn to 14 banks

    A human rights lawyers, Mr. Femi Falana, Wednesday rejected the defence of the former Central Bank of Nigeria (CBN) Governor, Prof. Charles Soludo, on how the apex bank under his leadership removed $7 billion from the country’s foreign reserves and doled out it to 14 commercial banks.

    Falana, a Senior Advocate of Nigeria (SAN), demanded whether the commercial banks that benefitted from $7 billion, which the former CBN governor said was deposited in the banks on October 3, 2006.

    He made the […]

  • $7bn: I won’t apologise to Soludo, says Falana

    $7bn: I won’t apologise to Soludo, says Falana

    A senior lawyer, Femi Falana, on Sunday said he would not apologise to former Central Bank Governor Chukwuma Soludo over his allegation that the ex-bank chief “dolled” out $7 billion government funds to bankers while he was in office.

    Mr. Soludo has denied the allegation, saying he acted right in his dealings as Central Bank chief.

    Mr. Falana, however, said he based his statement on facts made available by the Central Bank during Mr. Soludo’s stewardship.

    Read Mr. Falana’s full statement below:

    On October […]