Latest on CBN Governor Sanusi Lamido& his replacement MD of Zenith Bank Godwin Emefiele

Earlier today an official state house press release,suspending Sanusi lamido,CBN governor

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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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.

 THISDAY President Goodluck Jonathan has asked the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, to resign immediately on the grounds that the letter Sanusi wrote to him on the unremitted $49.8 billion oil revenue to the Federation Account, was leaked to former President Olusegun Obasanjo by the CBN governor. But Sanusi who has denied leaking the letter to anyone, has refused to resign and informed the president during the heated telephone exchange that he could only be removed by two-thirds of the Senate as required by law.


THISDAY learnt that the president had called Sanusi and accused him of leaking the letter to Obasanjo, which enabled the latter to use it as one of many allegations he levelled against Jonathan in his letter titled: “Before It is Too Late”. The president, who a source in the presidency said was very angry and was not prepared to allow Sanusi to proceed on his terminal leave in March, asked him to tender his resignation before the close of business last Tuesday.

However, Sanusi denied that he had leaked his letter to Obasanjo and made it abundantly clear he would not be forced out, except he is removed by two-thirds
of the Senate

 

And letter,this was published President Jonathan has picked the current Managing Director of Zenith Bank Godwin Emefiele to replace Sanusi Lamido Sanusi as the new Governor of the Central Bank of Nigeria. His name has been forwarded to the Senate for confirmation. Bayo Adelabu, the current Executive Director at First Bank as Deputy Governor of CBN, replacing Tunde Lemo. Sanusi was removed just a few months to the end of his tenure. His tenure was supposed to end in June 2014. Sanusi said he will challenge the decision to suspend him but will not go back to the job