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
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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