Skip to main content

JUST IN: Jonathan Suspends Controversial CBN Governor Lamido Sanusi, Appoints Acting Governor

PRESIDENT JONATHAN SUSPENDS LAMIDO SANUSI AS CBN GOVERNOR, APPOINTS ACTING GOVERNOR

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.
 
 

Comments

Post a Comment

Popular posts from this blog

Fulani Killer Herdsmen Strike Again, 25 Killed In Fresh Plateau Attack

Suspected herdsmen have killed 25 persons in another attack in Plateau State. Those killed in the attack are 19 men, three women and three children. The incident occurred on Monday night in Dundu village, Kwall District in Bassa Local Government Area of the state, Channels Television reports. PM News
Post a Comment
Read more

Subscription Fee Increase! FRN v. Multichoice: CPC Sets Up Complaint Desk for DSTV Subscribers

The Consumer Protection Council (CPC) is setting up a special channel for receiving complaints from DSTV and GOTV subscribers who have been unable to renew their subscription at their bouquet prevailing price as at July 31, 2018. The CPC noted that the above measure become necessary following Multichoice’s deliberate disobedience of court order restraining them from increasing their subscription rate or prices, pending the determination of an application before the court. In a statement issued by the DG of CPC Mr. Babatunde Irukera, consumers experiencing the above challenges are advised to send an email to  multichoicecompliance@cpc.gov.ng , stating relevant information, including smart card number, name, telephone number, date and time of failed attempt to pay, supporting same with relevant evidence such as a screenshot or document (where necessary). The statement reads: “It has come to the attention of the Consumer Protection Council that customers of MultiChoi...
Post a Comment
Read more

For the love of woman! Man chops off his friend’s hand

A 22-year-old man, Yusuf Hassan, has been apprehended for chopping off the hand of his friend, Abubakar Umar, with a machete, during a fight over one Habiba, on Wednesday, in Dakwa, Abuja. Dailytrust quoted Umar as saying Habiba had relocated with her parents from Kaduna, some months ago, and that before they could get a room to rent, he gave his room to them as a temporary shelter and relocated to his friend’s room. “My friend, Yusuf, started developing interest in the lady. However he suspected me of also having same feeling for her, which is not true. . That was how I started having problem with him to the extent that he once warned me that it could be the reason for him to terminate my life. The family got another place and I eventually returned to my room,” he added. . However, on Wednesday, Yusuf attacked Umar with a machete, but as he (Umar) attempted to dodge it, it hit his hand and cut it off. The Zuba Divisional Police Officer, CSP Fodio Sani, confirmed the incid...
Post a Comment
Read more