Malami Tells Nigerians: Power of Public Office Is Transient – Moghalu Comments

According to Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), the case of former Attorney General of the Federation and Minister of Justice Abubakar Malami has demonstrated to Nigerians entering public office that authority is fleeting.

According to Moghalu, public position in Nigeria is no longer associated with competence, philosophy, or moral principles like integrity.

The former CBN deputy governor stated on X that the court should determine Malami’s guilt or innocence.

“Anyone taking public office in Nigeria should understand the transience of power by now, especially in a country where public office has progressively become uncoupled from competence, ideology, or values such as integrity,” Moghalu wrote in response to a report that linked Malami’s wealth to Sani Abacha’s loot, the Paris Club refund, and the CBN agric loan.

“The hunters will become the hunted when people continue to work as if tomorrow never comes.” This is not a “conviction” of Mr. Malami; rather, it is only a broad remark.

“Let the courts determine whether he is guilty or innocent, if they will, and if this doesn’t turn into another purported corruption case with no genuine resolution.

“But under the brilliant central banking whiz kid Mr. Emefiele, it was a little strange when the central bank progressively became the “Central Bank of Agriculture.”

This comes after Malami and his son, Abubakar Abdulaziz, were charged with money laundering on Tuesday at the Abuja Federal High Court.

Malami, Abdulaziz, and a third person entered a not guilty plea to the sixteen counts of alleged money laundering.

They were charged with obtaining and concealing money illegally.