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| Sanusi Lamiodo Sanusi: CBN Governor |
President Goodluck Jonathan of Nigeria on
Thursday suspended Central Bank of Nigeria Governor, Lamido Sanusi for alleged
misconduct and distracting the bank from its core mandate.
Presidential spokesman Reuben Abati said in a statement on
his website that Sarah Alade, a deputy CBN governor will be replace Sanusi as
acting governor until the conclusion of an investigation into “breaches of
enabling laws, due process and mandate of the CBN.”
The statement read.........
“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.”
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