
Central Bank of Nigeria: Market Fundamentals Do Not Support Naira Devaluation at This Time (12.03.2020)



“It’s a war goin’ on but ain’t nothin’ bleedin’
If it ain’t nothin’ comin’ in, then ain’t nothin’ leavin’, yeah
When I think think of all these rappers, it’s huntin’ season”– Jadakiss – ‘Hunting Season’
Today, like clockwork there was reports that the now Presidential Aspirant and Independent Candidate Lt. General Henry Tumukunde we’re arrested in his home by the Special Force Command (SFC) and is now taken in by the Chieftain of Military Intelligence at Mbuya barracks. This is the same location his bodyguards was detained, when he first reported to the world that he aspired for the throne.
Also on schedule is the charge of treason. That one is dropped on all individuals who challenge the President and his chair. It is treasonous just to aspire to it or even day-dream about it. That is how it seems in the Republic.
In a Republic where you can share jail-cells with killers and thieves, there will be one brother who are still linger for annoying the President or writing a horrific Facebook post. Tumukunde knows this deal, his the former Minister of Security, his worked with the Internal Security Organization and been a chief-in-charge of torture, arbitrary arrests and so-on. He knows the drill and he knew this was coming.
Tumukunde knew this would happen, it was written in the sky. He became fair game, when he decided to stand. When he decided to run against Mzee. He knew this. He seen it and now feels it. He will be Court Martial tomorrow and most likely served with some sort treasons charge edition 2020, designated to stifle plans for 2021.
We have been here before, this is not new. Neither is jail, arrests nor possible legal trouble for Tumukunde. His been there before too. Scandals, sackings and saying hello to the law. Has been a vital part of his life.
He has skyrocketed into the Lt. Gen. role, but has surely spoiled his merits along the way. Today, is yet another day of trouble. The man knew this was bound to happen. Not only to his bodyguards, but to himself. His seen the acts towards the opposition and even supported it. His own self. So, he knew and that is known.
He can try to be martyr, but that is not believable at this point. Henry has to really burn. The repercussions has to be severe. Yes, he doesn’t deserve to arrested over nothing and be falsely charged for anything. However, his been a leader over this sort of enterprise and now his own security organizations hits back at its former leader.
So, this is karma and karma is a bitch. It is hunting season and right now Tumukunde is the prey. Peace.















““As you are aware on the 28th February 2020 this Ministry transferred USD 600,000 to the Uganda mission in Beijing to support the affected students,” Keith wrote in a letter dated March 10, 2020. “However upon receipt of the cabinet extract, we noted that there is discrepancy between the amounts therein and that stated in the letter from Ministry of Education and Sports.” The letter directs the accountant to return 538,200 USD (1.997 billion Shillings)” (Edge.ug – ‘Uganda erroneously sends Shs2bn to students in China’ 11.03.2020).
Someone has had a bad ending of February 2020, maybe the Ministry of Finance, Planning, Economic and Development (MoFPED) Permanent Secretary Keith Muhakanizi suddenly seen the boo-boo done by someone. There was someone who didn’t due their due diligence, when the state signed off the amount of money sent from a government account over to the Chinese Embassy.
They clearly don’t have the protocol of two people checking the accounts, if they did then one brother would call out the other one. The second brother would say, “hey man, isn’t that more than what where supposed to go there and isn’t this wrong, sir?”. The Permanent Secretary Muhakanizi should clearly implement this. So, that two people have to sign-off transactions made on public accounts, because then they might save the humiliation of letter writing to a embassy asking for the return of the added US Dollars.
This is why you have check-points on spending and especially government spending. Since, this is money that supposed to be spent on the public and services made for the citizens. If this is for diplomatic work, help citizens and such. This is why, the transparency and the accountability is so important. That tenders, transactions and procurement done by the government and its organizations are done properly and through standards. However, we know that is not the case.
The person behind this transaction, surely has signed it off somewhere. They tend to be imprinted on the accounts, the rights to send or transfer funds and has put in the documentation to do so. That guy should answer for this. The Permanent Secretary looks like a dumb-dumb, but it might be either someone higher up the food-chain or a knuckle-head down in the Ministry who messed up. Nobody caught a whiff off it, until they saw their account had less shillings in it.
However, that is also a scary thing. Considering the 11 days it took to catch up on the movement of the unaccounted funds. The massive load of 2 billion shillings gone missing. It had a destination, but surely not intended there. MoFPED surely needs new guidelines and mechanisms to stop this. Unless, they are doing more of it and it doesn’t go public. Like a new type of Presidential Handshakes and kickbacks for public servants. This is why, the MoFPED doesn’t have the security checks before any transaction from the public accounts. Peace.






