What happens to the AFC?

The African Financial Corporation, which was created by Professor Soludo and modelled after the International Finance Corporation, seems to be in a quandary of sorts. The organisation suffered a big embarrassment when it was named as a debtor in the CBN’s “name” and “shame” campaign forcing its Andrew Alli, its wonkish boss to evade the media during its Annual General Meeting.

Soludo has added to the AFC’s problems by resigning as its chairman, which he held by virtue of his position as the governor of the central bank. And it seems that Sanusi L. Sanusi, the new Governor wants nothing to do with the AFC as its true nature is still mired in mystery. Andrew Alli’s attempts at lobbying Sanusi through the influential King’s College Old Boys Association – to which both men belong – doesn’t seem to be working.

The two men were guests at the Calabar Festival where Donald Duke played the role of middleman. While Andrew Alli tried to start a conversation, the unsmiling Sanusi remained inscrutable.


~ by DayoCoker on October 4, 2009.

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