President Jonathan suspends CBN governor Sanusi Lamido Sanusi | Welcome to Linda Ikeji's Blog

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Thursday 20 February 2014

President Jonathan suspends CBN governor Sanusi Lamido Sanusi

President Jonathan has suspended Central Bank of Nigeria Governor, Mallam Sanusi Lamido Sanusi and has appointed an acting Governor, Dr Sarah Alade, the most senior Deputy Governor of the CBN. This was made known in a State House Press Statement released this morning. Find it below...
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  

Acting Governor, Dr Sarah Alade
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)

February 20, 2014

208 comments:

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Anonymous said...

may God continue to bless & guide our humble & meek president.that was a very gd decision though long overdue.

Anonymous said...

U guys are finished! Debating who should steal n who should be silent about it on internet instead of hittin d street. Dumb nation we are.

Anonymous said...

U just said it all! Building hospitals, helping his pplee! Wetin. Ur own pple do wen them dey there??????????????????

Anonymous said...

There are all types of "bankers" in our industry these days. @Tilewa, thank u!

Anonymous said...

@Anon 11.29, if ur competence at ur job is anything like ur grammar, I would have sacked u too!

Anonymous said...

Is there any Economist on dis blog?...many jst come here n comment based on what they've read on d pages of paper....Sanusi might not av prove d competencies expected frm his office in terms of discrepancies in his figures,bt then,he isn't d right person to be sacked..at least 4 nyt....Okonjo Iweala n Deziani Maduekwe are...d former has whitewashed many brains with her ex office at d world bank,bt believe me,she isn't doing any better in dis country...she claimed dat apapa-oshodi express way has been re constructed while defending 2013 expenditure...bt those living around dat place knws dat was a blatant lie...2ndly,she(as d president of d economic team) with d president sanctioned d removal of subsidy n re invested in social infrastructure n development...subsidy was partially removed n re invested where?....dis is jst a ploy to cover up kerosene subsidy funds issue
Dammytemmydre S A Ys S O

Anonymous said...

Feckless comment ever...is it d Cbn governor u guys re expecting to creat job 4 while d brainless, mumu, eda, olodo, ologogoro, nd bain box of corruption president is there fighting 4 what he doesn't deserve.....I swear nigeria will neva change 4 gud wit all dis shit happening everyday

Aymii said...

LWKMD @ National patriot. "Barawo, you will hear from us in 2015" ..........Yes ooo! Concurred

In Pastor Fatoyinbo's voice. "Read my lips, We the Citizens are consulting on Jona's issue in 2015 we will Come out with a Robust Reply"...... hehehe


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