Nigeria’s President Goodluck Jonathan on Thursday morning sacked Lamido Sanusi, as Governor of Central Bank of Nigeria, CBN.
The President also appointed Mrs Sarah Alade, Deputy Governor, Central Bank to act as CBN Governor.
Sanusi
had in the past few months been involved in controversies over
allegations of missing funds between the Nigeria National Petroleum
Corporation, NNPC and the Federal Ministry of Finance.
But in a
statement signed by Reuben Abati, the special adviser to the President
on media and publicity, the President said the sack of the Minister was
based on the report of “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,” the President concluded in the
statement.
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