Kingsley Moghalu, former Deputy Governor of the Central Bank of Nigeria (CBN), has reacted to the ongoing money laundering trial of ex-Attorney General of the Federation, Abubakar Malami.
In a post on his 𝕏 account, Moghalu described Malami’s recent arraignment—alongside his wife and son on 16 counts of alleged money laundering—as a reminder of the fleeting nature of political power in Nigeria. He observed that public office in the country has become increasingly detached from competence and integrity.
“By now anyone taking public office in Nigeria should understand the transience of power,” Moghalu wrote. “When people carry on in office like tomorrow will never arrive, the hunters will become the hunted.”
He clarified that his statement was a general observation and not a declaration of guilt, noting that the courts must decide the outcome. Moghalu also expressed skepticism about whether the case would reach a conclusive resolution, given Nigeria’s history of prolonged corruption trials.
In a pointed aside, he added, “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.”
Moghalu’s remarks come amid continued public and judicial scrutiny of high-profile corruption cases under the current administration.
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