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)
February 20, 2014
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