Soludo demanded apology from Falana. But the senior lawyer insists he will...

Soludo demanded apology from Falana. But the senior lawyer insists he will not apologise for stating ‘’facts’’

206 1048
Senior Lawyer, Chief Femi Falana

Human rights activist and senior lawyer Chief Femi Falana was given two options by Professor Charles Soludo recently. The two options were to either apologise or back up with facts Falana’s claim that Soludo doled out $7b from Nigeria’s Foreign Reserves to 14 banks when Soludo was still the governor of Central Bank.

Soludo respond to Falana’s allegation, saying there was no such thing, and that he was only reacting to the elite lawyer’s claim because of his deep respect for Falana.

On Sunday, Falana released a statement, quoting the sources of his allegation and added that he commented from the facts available to him. Mr Falana asked Soludo to direct his demand for apology to one Mr Festus Odoko, then Head of Corporate Affairs in CBN, who was quoted as saying, “deposits worth $7 billion representing the apex bank’s share of the foreign reserves estimated at about $38 billion has been released to the consortium of bankers.” By The Guardian newspaper of 5/10/2006.

Below is Falana’s full response:

On October 3, 2006, the Central Bank of Nigeria under the management of Professor Chukwuma Soludo gave a loan of $7 billion to 14 commercial banks in Nigeria. The loan was confirmed by the  Head of the CBN Corporate Affairs , Mr. Festus Odoko when he announced that “deposits worth $7 billion representing the apex bank’s share of the foreign reserves estimated at about $38 billion has been released to the consortium of bankers.” (The Guardian newspaper of 5/10/2006)

Barely four days later, a respected economist, Mr. Henry Boyo challenged the illegal claim that the $7 billion was a “share” of the CBN in the nation’s foreign reserves. Since the funds belong to the three tiers of Government by virtue of section 162 of the Constitution Mr. Boyo rightly stated that “the Senate and the House of Representatives would have defaulted in their constitutional duties if CBN is not invited to defend why $7 billion of our reserves should be ‘given’ to 14 banks without oversight approval.” (Vanguard newspaper of October 9, 2006).

Having confirmed that the banks have failed to liquidate the said $7 billion loan I have asked the Economic and Financial Crimes Commission to investigate the illegality of the loan and recover same together with other huge funds which have been criminally diverted or withheld from the Federation Account. With respect, the denial of the $7 billion loan by Professor Soludo  has supported the request for a thorough investigation of the allegations contained in my petition. However, having regard to the facts and circumstances of the controversial loan, Professor Soludo may wish  to direct his demand for apology to Mr. Festus Odoko!

 

Comments

comments

206 COMMENTS

  1. Wow! This can be one particular of the most useful blogs We have ever arrive across on this subject. Basically Fantastic. I am also an expert in this topic so I can understand your effort.

  2. You have made some decent points there. I checked on the internet for additional information about the issue and found most individuals will go along with your views on this site.

  3. Wow! This can be one particular of the most useful blogs We have ever arrive across on this subject. Actually Excellent. I am also a specialist in this topic so I can understand your hard work.

  4. This is really interesting, You are a very skilled blogger. I have joined your feed and look forward to seeking more of your excellent post. Also, I ave shared your website in my social networks!

  5. Webcam model jobs

    […]we prefer to honor several other internet websites on the net, even when they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  6. official site

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless seriously worth taking a appear, whoa did 1 discover about Mid East has got much more problerms also […]

  7. cheap womens bags

    […]we prefer to honor lots of other world wide web web-sites on the internet, even when they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  8. coffee by kona

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless seriously worth taking a look, whoa did one master about Mid East has got much more problerms as well […]

  9. letra de

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless truly really worth taking a appear, whoa did one particular master about Mid East has got a lot more problerms at the same time […]

  10. play games no download

    […]we like to honor lots of other internet websites around the web, even when they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  11. Whats up. Very cool blog!! Man.. Excellent.. Amazing.. I all bookmark your website and take the feeds alsoI am glad to find numerous useful information here in the post. Thank you for sharing

  12. g spot stimulator

    […]Wonderful story, reckoned we could combine several unrelated information, nevertheless really worth taking a appear, whoa did one study about Mid East has got additional problerms at the same time […]

  13. Biomanix Review

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless really worth taking a appear, whoa did 1 find out about Mid East has got a lot more problerms at the same time […]

  14. clasificados online

    Clasificados Online para El Transportista encontrar todo lo relacionado en el área de la transportación. Compra y venta de Camiones usados, tráiler, volteos, utilitarios usados.

  15. hawaii solar

    Solar Of Hawaii – Buy Solar panels & Complete Solar Systems- Solar Systems Services including #1 rated Solar World & Mitsubishi Electric Solar Power on the Big Island of Hawaii. Professional Solar Installation Available in Hawaii.

  16. venta de trailers

    […]Wonderful story, reckoned we could combine a few unrelated data, nonetheless really worth taking a look, whoa did a single find out about Mid East has got far more problerms also […]

  17. 스포츠닥터스

    […]we like to honor a lot of other world wide web web pages on the web, even if they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  18. work at home jobs 2018

    […]we prefer to honor several other internet websites on the net, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  19. overnight cat boarding

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless definitely worth taking a appear, whoa did one particular find out about Mid East has got a lot more problerms also […]

  20. adam and eve

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless truly worth taking a appear, whoa did one particular find out about Mid East has got extra problerms also […]

  21. best kona

    […]although web-sites we backlink to below are considerably not related to ours, we really feel they are in fact really worth a go through, so possess a look[…]

  22. clit vibrator

    […]that would be the finish of this post. Right here you will come across some internet sites that we assume you’ll enjoy, just click the hyperlinks over[…]

  23. penis enhancer

    […]we prefer to honor lots of other online web pages around the internet, even though they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  24. pc games for windows xp

    […]Wonderful story, reckoned we could combine some unrelated data, nevertheless really really worth taking a search, whoa did a single study about Mid East has got extra problerms also […]

  25. Sears

    […]although sites we backlink to beneath are considerably not connected to ours, we feel they’re basically really worth a go via, so possess a look[…]

  26. bragi

    […]check beneath, are some absolutely unrelated internet sites to ours, on the other hand, they may be most trustworthy sources that we use[…]

  27. thrusting silicone vibrator

    […]Wonderful story, reckoned we could combine several unrelated information, nevertheless actually worth taking a search, whoa did one study about Mid East has got a lot more problerms as well […]

  28. dildo

    […]that could be the finish of this post. Here you’ll uncover some web sites that we feel you’ll enjoy, just click the hyperlinks over[…]

Leave a Reply