A former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has shared his thoughts on the ongoing prosecution of former Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami.
In a statement on his 𝕏 account, Moghalu said that Malami’s Tuesday arraignment, alongside his son and wife, on 16 counts of alleged money laundering involving billions of naira, shows the fleeting nature of power in Nigeria.
He noted that public office has become increasingly detached from competence and integrity.
He wrote, “By now anyone taking public office in Nigeria should understand the transience of power, especially in a country where public office has progressively become uncoupled from competence, ideology, or values such as integrity. When people carry on in office like tomorrow will never arrive, the hunters will become the hunted.
“This is only a general statement and not a ‘conviction’ of Mr. Malami. Let the courts decide his guilt or innocence, if they will, and if this does not become yet another alleged corruption case with no real conclusion.
“But it was a bit odd when the central bank increasingly became the ‘Central Bank of Agriculture’ under the great central banking whiz kid Mr. Emefiele.”