Goodluck Suspends Lamido Sanusi,Appoints CBN Ag Gov

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)

February 20, 2014


CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

21 Comments

  1. The guy cup don full.

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  2. Sanusi should now focus more on APC politics

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  3. His cup full in what sense?

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  4. Let him go and fight for islamic bank and APC. He has gotten his cup full. Let him go and rest.

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  5. He shuld be monitored closely Efcc shuld watch him closely

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  6. Lol.... 99 days for the OLE 1 day for the Onile

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  7. The Guy Na armed robber. They need to put him for jail. He said last week that bank shd go and sack more staffs. He has a wecked hearth. God will judge him.

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  8. Mr. Sanusi has don not wrong, it is not a crime to open up that Money is missing, 20Billion Dollar can transform part of this country, anyway, I hv realized that the activities of this present administration is not transparent, I tot Mr. President promised transparency when he came to Power, God help Us.

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    1. With his fluctuation of the real amount? His confuse

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  9. How come this suspension is coming at the time Sanusi is making statling allegations against the NNPC on missing $20b dollas. I hope it is not a smart way to cover up or scuttle investigation.

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  10. Sanusi talks too much very unlike a good central bank gov. His words mostly are usually conflicting. He spends without guide and equally accuse others of same

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  11. I thought b4 nw dat he's untouchable.

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  12. It is apparent that Jonathan hates transparency, Sanusi should be commended for bringing transparency to the banking industry. Jonathan is playing politics with every thing . Sanusi identified the fraud in the petroleum industry over the non existing kerosine subsidy which if properly investigated, Jonathan is the masterminder. The National Assembly should over rule the suspension to save Nigeria from imminent financial collapse . History will judge Jonathan as the most corrupt president that Nigeria ever had.

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  13. Ebere will lead this country somewhere. But surely not to a good destination. Sanusi might be bad, but sincerely is not been suspended because of that. He's been suspended because he exposed GEJ from every angle. Some foolish Nigeria are rejoicing. GEJ did this so as to get money for 2015 Election. If Sanusi remains, he will continue to expose all the Billions of Dollars that the thief called Ebere is carrying through his ATM Cards such as Oduah, NNPC and others. Jonathan has never said anything about the looted Dollars, rather he wants the Man that reveal the looting sacked. I don't want to pronounce judgment on any man, but if really Jona is not representing the poor masses that put him there, God will surely judge him.

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  14. Is only Allah dat knows who is really serving us amongst all dese leaders we have.I know one thg for sure dat everybody will account for his/her deed .

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  15. So quick. Too fast. So u can sack sanusi. Jonathan allah wil judge u ooo. Mr jonathan is d most corrupt man and president on earth. The northerners shld raise up and fight 4 lamido sanusi, u sacked dis man cuz he dey expose u people. Dis matter, allegation shld be investigated thoroughly. Lamido sanusi is sayin d true. U are all ole, thieves. Now mr president has brought an igbo man to head cbn in order to cover up 4 him. Mr president u'r a wicked man, why u no sack petroleum minister also, u are all theives. If any hausa man is readin my comment u people shld react now fast fast. D senate and house of reps shld investigate d billions dollars involved nigerians want to no d truth. Give us d real picture.

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  16. We will talk mr president we won't keep quite.
    Its plain and simple mr president is a thief.
    And he loves dealing with thieves and he brings them to his cabinet.

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  17. Gone too soon RIP Islamic Bank.

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  18. Sanusi couldn't solve a simple arithmetic. Which figure re we going to accept? Yesterday he claimed that $49b was missing, later he said it was an error that was $12b, now he is saying that it is $20b that was missing because since 1st week of May last year Sanusi was giving a query of #250b that he (Sanusi) stold from the federation account to answer. Sanusi is not only a rag head but, he is also a block head Boozoo.

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  19. Good ridance for bad rubbish! Sanusi is a confussionist. Playing APC politics with the apex bank. He should go and get his acts right instead of confusing Nigerians with conflicting figures.

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  20. what prompt for sanusi sack? there shld be a tangible reasons for that action mr.president,is he not doing his work as he ought to do it or what?

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