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| Mallam Sanusi in Office with his Traditional regalia |
President Goodluck Jonathan has suspended the Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi.
In his twitter handle this morning, Mr Reuben Abati, the presidential spokesman said:
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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