Thursday, February 20, 2014

BREAKING NEWS: Nigeria President Suspends CBN Governor Sanusi

President Goodluck Jonathan has ordered the immediate suspension of Mallam Sanusi Lamido Sanusi from the office of Governor of the Central Bank of Nigeria.

He also ordered that 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.

Rueben Abati, the president's Special Adviser on Media and Publicity who announced this said investigations showed that Sanusi's tenure has been characterized by various acts of financial recklessness and misconduct which are inconsistent with the core values of CBN.
According to Abati, Jonathan was worried over the far-reaching irregularities under Sanusi's watch as CBN governor and had to order his immediate suspension.
More so, Jonathan is determined to re-position the Central bank of Nigeria for greater efficiency, respect for due process and accountability.
Jonathan is expecting the new acting governor, Dr. Alade to perform better, focusing on the core mandate of the country's apex bank as well as conduct its affairs with greater professionalism, prudence and propriety to restore domestic and international confidence in the bank.
He therefore assured all stakeholders in Nigeria's financial and monetary system the decision to suspend Sanusi is for the overall good of the Nation's economy.

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