VAM News Update

Adaora Soludo, daughter of Anambra state governor, Charles Soludo, has said that she left Nigeria because her family received death threats after her father reformed the banking sector.

Recall that Soludo was appointed the governor of the Central Bank of Nigeria in 2004 by former President Olusegun Obasanjo. Soludo, in July 2004, increased the minimum capital for banks in Nigeria from N2 billion to N25 billion and gave them until the end of 2005. This caused a lot of ripples in the sector.

Adaora said the reforms initiated by her father, brought about death threats from some persons, which made her relocate abroad.