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'African countries are still forced to domicile 50% of their bank reserves in France' - Ambassador Arikana Chihombori- Quao (VIDEO)


Ambassador Arikana Chihombori- Quao was relieved from her job in 2019 for exposing France’s continuous supervision of its former colonies monetary policies. She shocked the world by revealing 50 -80% of the West African Economic and Monetary Union’s bank reserves were domiciled in the French Central Bank due to the Pact for the Continuation of Colonization these African countries were forced to sign over a century ago.
In an interview on The Osasu Show with Osasu Igbinedion, the former Ambassador said there has been no action taken since December 2019 when President Macron proclaimed that its former colonies in West Africa, particularly Benin, Burkina Faso, Guinea Bissau, Cote D’ivoire, Mali, Niger, Senegal, Togo will no longer be forced to use the CFA Franc.
“Action speaks louder than words” she said. “Since President Macron made that proclamation I have not heard anything yet that says the Head of States are no longer required to deposit their reserves in the French central bank. It is one thing to make that declaration and it is another thing to actualize it. Until I see it written on paper, it is just words coming from President Macron.”
Osasu Igbinedion, Host of The Osasu Show, interrogated her on home grown polices that can help in repositioning Africa. Ambassador Arikana responded, “Until we understand what happened in Berlin Conference held in November 1884 to 1885, we will not understand what is happening today. [...] 136 years later, a strategy that was put in place to intentionally brake us up into tiny little economies that cannot survive is still in place today. How can Djibouti go to the world stage and compete next to the United States and India and you expect it to stand? Until Africa comes together as a continent and speak in one voice we will continue chasing out tails. When we are united, nobody can mess with us but to deal with these issues on a national level, it is never going to work and that is what they want.”



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