Thursday, 20 February 2014

Breaking News! UPDATED: President GEJ Suspends CBN Governor, Sanusi and replaces him immediately.

Nigeria's Central Bank governor, Sanusi Lamido Sanusi has been suspended by the The President, Goodluck Ebele Jonathan. The suspension was announced by Special Adviser on Media and Publicity to President Goodluck Jonathan of Nigeria, Reuben Abati via his twitter official page and furthermore, reports 

         "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."
An acting CBN governor has been appointment and her name is Dr. Sarah Alade, Deputy Governor (Economic Policy) Central Bank of Nigeria before today's announced was made. Dr. Sarah was initially tipped to take over as CBN governor from Charles Soludo in 2009 but was never appointed until now.   

No comments:

Post a Comment