The Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi has been suspended by President Goodluck Jonathan. The President’s Special Adviser on Media and Publicity, Reuben Abati just announced it on Twitter.
Having taken special notice of reports of the Financial Reporting Council of Nigeria and other investigating bodies, which indicate clearly that Mallam Sanusi Lamido Sanusi’s tenure has been characterized by various acts of financial recklessness and misconduct which are inconsistent with the administration’s vision of a Central Bank propelled by the core values of focused economic management, prudence, transparency and financial discipline;
Being also deeply concerned about far-reaching irregularities under Mallam Sanusi’s watch which have distracted the Central Bank away from the pursuit and achievement of its statutory mandate; and
Being determined to urgently re-position the Central Bank of Nigeria for greater efficiency, respect for due process and accountability, President Goodluck Ebele Jonathan has ordered the immediate suspension of Mallam Sanusi Lamido Sanusi from the Office of Governor of the Central Bank of Nigeria.
President Jonathan has further ordered that Mallam Sanusi should hand over to the most senior Deputy Governor of the CBN, Dr Sarah Alade who will serve as Acting Governor until the conclusion of on-going investigations into breaches of enabling laws, due process and mandate of the CBN.
The President expects that as Acting Governor of the Central Bank, Dr. Alade will focus on the core mandate of the Bank and conduct its affairs with greater professionalism, prudence and propriety to restore domestic and international confidence in the country’s apex bank.
The Federal Government of Nigeria reassures all stakeholders in Nigeria’s financial and monetary system that this decision has been taken in absolute good faith, in the overall interest of the Nigerian economy and in accordance with our laws and due process.
Reuben Abati
Special Adviser to the President
(Media & Publicity)
Posted: at 20-02-2014 09:40 AM (10 years ago) | Gistmaniac
graceoneday at 20-02-2014 09:51 AM (10 years ago) (m)
NP: now where the $20B crude oil Money abi una wan tell us say dat claim na forgery
Posted: at 20-02-2014 09:51 AM (10 years ago) | Upcoming
MrKGJason at 20-02-2014 10:15 AM (10 years ago) (m)
Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahah CBN Governor Sanusi Lamido Sanusi Has Been Suspended By President Jonathan Hahahahahahahahahahahahahahahaha This our country na laughter medicine them dey give us every day oooooooooooooooooo! Hahahahahahahahahahahahahahahah Make una prepare another story for naija.
Posted: at 20-02-2014 10:15 AM (10 years ago) | Newbie
I would like to believe that the constitution of the Federal Republic of Nigeria did not say that we should be informed about matters of State through Twitter, Facebook and other craps like that. What is wrong with AIT, Channels, and NTA. All these UPE PHD holders are showing us the quality of their education.
Posted: at 20-02-2014 10:19 AM (10 years ago) | Upcoming
Mobbysmartins at 20-02-2014 11:49 AM (10 years ago) (m)
Very good move by the President.This man is the conduit by which the Boko Haram gets their funding.Most Nigerians are too preoccupied with other things to realize that the Central Bank Governor is the financial conduit for the Boko Haram.Thank you Mr.President.The chickens are coming home to roost.
Posted: at 20-02-2014 11:49 AM (10 years ago) | Gistmaniac
Royalbol at 20-02-2014 01:56 PM (10 years ago) (m)
I can see the handwriting on the wall,so we now know where the $20billion disappeared to.GEJ hand is not clean. Nigerian watch out. We know who is now spending the money. Poor man don suffer for this country call Nigeria,Kerosine N50,sold to the public for N160 and some people pocket the N110,since 2009.HE did not remove the NNPC MD,but instead suspended Sanusi.We are waiting.
Posted: at 20-02-2014 01:56 PM (10 years ago) | Newbie
graceoneday
eamon370
naturalqueen
?? 
emmachizy
hismahill
MrKGJason
This our country na laughter medicine them dey give us every day oooooooooooooooooo! Hahahahahahahahahahahahahahahah Make una prepare another story for naija.
Patode
lakeview
Afrogotojail
Neglito
sucre4u
okilo101
osamabinladin
Mobbysmartins
ken222
Royalbol
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