President Jonathan has announced the
suspension of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi.
This was made known in a statement
signed Thursday by Reuben Abati Special Adviser to the President (Media &
Publicity.
The statement reads thus
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.
Source: Vanguard
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