Nigerian CBN Governor Suspended!

• 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  PRESIDENT Goodluck Jonathan on Thursday suspended the Governor of Central Bank, Mallam Lamido Sanusi over alleged "various acts of financial recklessness and misconduct".
  This is contained In a statement by the Special Adviser to the President on Media and Publicity, Dr Reuben Abati.
  Abati said the president ordered Sanusi to hand over to the most senior Deputy Governor of the bank, Dr Sarah Alade, until the conclusion of on-going investigation against the suspended CBN boss.
  Abati said the president took the action following reports of the Financial Reporting Council of Nigeria and other investigating bodies, which indicated that Sanusi’s tenure was characterised by various acts of financial recklessness and misconduct.
  He said the findings against Sanusi were inconsistent with the Federal Government's vision of a CBN propelled by the core values of focused economic management, prudence, transparency and financial discipline.
  Abati said the president was also deeply concerned about far-reaching irregularities under Sanusi’s watch which had distracted the CBN away from the pursuit and achievement of its statutory mandate.
  He restated the president's determination to urgently re-position the CBN for greater efficiency, respect for due process and accountability.
  Abati said that the president directed that Alade would serve as Acting Governor until the conclusion of on-going investigations into alleged breaches of enabling laws, due process and mandate of the CBN.
  He said the president expected that Alade should 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 its operations.
  "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." (NAN)
   

Supplied By News Agency Of Nigeria