President Jonathan has suspended Central Bank of Nigeria Governor,
Mallam Sanusi Lamido Sanusi and has appointed an acting Governor,
Dr Sarah Alade, the most senior Deputy Governor of the CBN. This was made known in a State House Press Statement released this morning. Find it 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
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