Sanusi Lamido Suspended as CBN 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.
Reuben Abati
Special Adviser to the President
(Media & Publicity)
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.
Reuben Abati
Special Adviser to the President
(Media & Publicity)
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