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CENTRAL BANK OF NIGERIA….THE STORY OF MR OLATUNDE AKANDE

                                                                   

As the President of the Federal Republic of Nigeria, His Excellency BOLA AHMED TINUBU GCFR appoints a special investigator in the person of Mr Jim Obazee, a former Chief Executive officer of the Financial Reporting council of Nigeria FRCN to look into the affairs of the Central bank of Nigeria, it is important that all those who worked in cahoots with the now suspended Governor Mr Godwin Emefiele be invited to reveal all they know and also be prosecuted if found wanting.

 

 

      Mr Olatunde Akande    Mr Godwin Emefiele

One of these Mr Godwin Emefiele’s acolytes is Mr Olatunde Akande who is presently Executive Director Technical at NIRSAL and was a special assistant to the CBN Governor. He superintended over some of the major programmes embarked upon by the CBN under Emefiele including the Anchor borrowers programme ABP, The rice pyramid programme through the rice farmers association of Nigeria RIFAN where billions of naira was given out as loans and yet to be recovered and the recent currency change programme which caused a lot of hardship to ordinary Nigerians.

The Anchor borrowers programme which was intended to support farmers through provision of loans to acquire inputs and others for improved food production was initially being managed through NIRSAL, an organization owned by the Central bank of Nigeria but was grossly mismanaged by the then Managing Director Mr Aliyu Abdulhammid who turned the organization into a family and friends business leading to the programme being transferred back to CBN where the likes of Mr Akande superintended over its eventual collapse.

Nigerians were witnesses to the rice pyramid displayed at the trade fair complex on airport road abuja and was commissioned by President Muhamadu Buhari for sale to Nigerians at affordable prices which according to the information released then was a collaboration between the CBN and RIFAN. The programme was overseen by the same Mr Akande and the rice was never sold to the public as announced but rather it found its way  into the open market where it sold at the prevailing prices.

Mr Akande was also central to Mr Emefiele’s currency change programme through which they amassed a lot of money for themselves by trading in the new currency to the detriment of the Nigerian people who are yet to fully recover from the disruption in their lives. Despite the scarcity of the new currency at that time, politicians had them in abundance as Mr Akande had established an efficient network with the commercial banks through which they enriched themselves.

The botched presidential bid of Mr Godwin Emefiele was coordinated by Mr Akande as he personally procured the over 1000 branded cars and buses to be used for the campaign and financed some of the support groups who were promoting his candidature at that time.

Now this same Mr Akande was sent to NIRSAL by Mr Godwin Emefiele to shield him from investigation and to cover all the illegal transactions that was perpetrated at the CBN. He is an Executive Director at NIRSAL and is desperately covering the tracks of all the transactions that points directly to his mentor Mr Godwin Emefiele.

Nigerian farmers who received the short end of the stick these past years commends our dear President and urge him to not relent in his efforts to bring to justice all those who conspired against our Nation.

MUSA ABBA

Coordinator, Farmers Circle

Argungu, Kebbi state.

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