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.
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
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