Wednesday , 24 September 2014
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President Jonathan Suspends CBN Governor Sanusi Lamido Sanusi, Lists His Sins

President Goodluck Jonathan has suspended Central Bank governor Sanusi Lamido Sanusi over alleged breach of enabling laws and mandate of the apex bank.

The president disclosed this in a statement by presidential spokesperson Dr Reuben Abati.

Read full statement below.

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 theNigerian economy and in accordance with our laws and due process.

Reuben Abati

Special Adviser to the President
(Media & Publicity)

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Comments

26 comments

  1. I hail u Mr president, a good move.

  2. I thot he said he cannot be removed by the president.

  3. Sanusi’s removal is long overdue. He has been drifting and taking unilateral decisions on fundamental issues.

  4. what a piti but shall him deserve am ni thanks for the info

  5. Well removing him CBN governor is no doubt long over due. But what begs a question in my mind is why now? When investigations is going on alledge missing fund and of unconstituional operation by the NNPC and its parent Ministry… GEJ why NOW?

  6. Nice one Sire. Shey dey talk say Goodluck nor reach? Ok na…

  7. Removal of sunusi as C B N governor has crystally giv a justfication on d contextual difination on nigerian leaders and their aedes

  8. The great politician(sanusi lamido sanusi),those he cares to pleases and not necessarily his constitutional responsibility to the country should try to help out matter in the evil day like this. “The fruit of puden must be in the eating”! Relax, no condition is permanent. There is always a day for either way in or way out. Enjoy yourself.

  9. Missing 20 billion or not dat one no concern me. Sanusi u tink Jonathan is a weakly right, nw e don remove you, tell apc and members to put u back.

  10. Oboy Presido na real ogboni man o,if hm never tk action u go commonise am bt once him strike every body go just know say na president they talk,I fear u sha!

  11. This has really shown GEJ don’t want the $20 billion scandal to continue because of possible complexity on his part

  12. It sad the way we analyzed issue . This man Sanusi though is not perfect has done well by 1. Saving the banking industry 2. Restructing the banking industry and lastly Exposing the huge corruption in the Oil sector which happens to be his Only sin

  13. Now Sanusi will realize that he has a boss!

  14. most guys inhere r endotribalistic beings. y cant u see through n b honest for God sake? y shld it b dat its at dis point dat Sanusi is voicing out reality on nnpc scandal dat d president nw think is right time to remove him…wot take him so long to remove Oduah n wot has hapend to Otedola n Farook til date. i gues u guys r born to surfer in ur life n swiming in a blody tribalistic ocean of no return n direction. God bless naija.

  15. Why was he remove now,when he is about to expose d missing 20billion dollars,anyway the president and PDP members needs money for the campaign of upcoming election and with sanusi as d CBN governor,it will be hard for them..anyone they put there,please let the money circulate.

  16. See why Nigeria no dey progress ? A lot of ignorant,illitrate and uncivilized piple, una no sabi anytin dats y una go continue 2 suffer, una dey support GEJ say he remove d man, wetin d man do fest ? ‘Breach of enablin law and financial irregularities’, y didn’t dey mention d exact irregularity dat he did just as he(Sanusi) mentioned d exact amount dat was missing in NNPC. Una dey here dey happy why GEJ and him NNPC arm robbers dey share billions of dollars. Frm wats hapening only God cn save us and dis country since even som fools dat are here applauding GEJ dnt knw dat Nigeria is in trouble and dos who hav tried 2 giv a helpin voice; lyk sanusi, 4 d voiceless are axed down. I pray God help this country.

  17. Sanusi deserved to be sack, he attained more political functions, he also talks politics than policies. bros dis country is not in trouble maybe ur family is…..

  18. The CBN governor did nothing wrong but he was prosecuted for he was revealing the truth behind the bad system of government in our country Nigeria and I find it very funny to see many Nigerians who are happy seen that mr president sack the man of justice to cover his evil intention towards his ruling, mr lamido I truly support the truth you revealed in the bad system of government trying to over crowd our nation Nigeria. Come to think of this why it is now that mr president is removing the aviation minister when he knows that removing the CBN governor will result To him suspected of the fraud she did, but God knows the truth behind the evil mr president who is just a smooth killer. But he will live to regret his actions for the wages if sins is death.

  19. When will nigeria appricate a man like sanusi he is our nest nigeril ubama

  20. Boko Sanusi Haram

  21. We all must accept the fact that the Nigeria’s continuous existence is hinged on justice.Who says that lamido cannot fall foul of the law?It is important we understand that lamido cannot claim purity this long while the government which he served is considered dirty and irredeemable.It is either lamido is a hypocrite or immoral or a fraudster who simply doesn’t know when the game is up! The deeds of lamido are in black and white,we must review them before making emotional statements revealing our ignorance and lack of depth.He who comes to justice must come with a clean hand.

  22. You all talk about 20m dollas scandal revealed by sanusi. I tink if sanusi is actually upstimistic in his exertions, dis is an opportunity to fight back. Someone who left his Banking policies n was into full politics, awarding contracts any how he likes,@ Adejoh out of d numerous contracts n donations made by sanusi, hW many went to other geo political zones if not core north. Sanusi is a wolf in sheep clothing, let’s see hw he justify himself out of d EFCC’s net dis tym that all his financial manipulations will be unfolded. God bless GEJ. God bless our leaders n nigeria.

  23. Not all Nigerians understand those big grammers that was used to state Sanusi’s crime.Moreover,when Sanusi was making reforms that affected the masses nobody put him on hold then like the president stated but now that he has exposed the missing $20b,the president is been corrupt enough to suspend him.Am very sure the president knows something

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