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Punch Newspapers Sections Published 26 April 2021 Joseph Mubiru (1929-1971), was the pioneer Governor of the Bank of Uganda. A highly competent technocrat, he was once ordered to print some money by the country’s military strongman General Idi Amin, to which he politely refused. On professional grounds. He was dismissed and later assassinated. Central bankers live in a gilded world. But their work clearly involves some huge risks. A rather illiberal debate took place a fortnight ago between Edo State Governor, Godwin Obaseki, and the CBN and the Finance Ministry. Obaseki revealed that some N60 billion was allegedly printed by the CBN for distribution under the monthly FAAC process. Finance Minister Zainab Ahmed declared that what the governor was alleging is “very sad because it is not a fact. What we distribute at FAAC is revenue that is generated… So, it is not true to say we printed money to distribute at FAAC”.
Vanguard News Central Banking as a printing business On By Obadiah Mailafia Joseph Mubiru (1929 1971),was the pioneer Governor of the Bank of Uganda. A highly competent technocrat;he was once ordered to print some money by the country’s military strongman General Idi Amin, to which he politely refused. On professional grounds. He was dismissed and later assassinated. Central bankers live in a gilded world. But their work clearly involves some huge risks. A rather illiberal debate took place a fortnight ago between Edo State Governor Godwin Obaseki and the CBN and theFinance Ministry. Governor Obaseki revealed that some N60 billion were allegedly printed by CBN for distribution under the monthly FAAC process.Finance Minister Zainab Ahmed declared that what the Governor was alleging is “very sad because it is not a fact. What we distribute at FAAC is revenue that is generated… So, it is not true to say we printed money to distribute at FAAC”.