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President Jonathan suspends Lamido Sanusi as CBN Governor



Jonathan & Lamido Sanusi - February 2014 - BellaNaija

Reuben Abati, the spokesperson for President Goodluck Ebele Jonathan has announced that the commander-in-chief has suspended CBN Governor Sanusi Lamido Sanusi.

Lamido Sanusi is to effectively hand over power to senior Deputy Governor of CBN Dr Sarah Alade. She will serve as Acting Governor until all on-going investigations is concluded.

Read the official statement;
“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.

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.”


  1. Bvf

    February 20, 2014 at 10:03 am

    People don chop money….

  2. Ada Ada by Flavour

    February 20, 2014 at 10:08 am

    Ok Now!

  3. Sexxie

    February 20, 2014 at 10:10 am

    About time!

  4. Globallady

    February 20, 2014 at 10:12 am

    Long overdue

  5. lilz

    February 20, 2014 at 10:18 am

    ghen ghen!

  6. Ada Nnewi

    February 20, 2014 at 10:26 am

    The real Cabal headed by uncle Jon***** CAN NOW TIEF WITH RECKLESS ABANDON…

  7. Anon

    February 20, 2014 at 10:37 am


  8. bellastrada

    February 20, 2014 at 10:40 am

    sorry! sorry!! oo,i sorry 4 nigeria,sorry sorry oooooooo……#femi kutisong#

  9. dobz

    February 20, 2014 at 10:41 am

    Jonathan doesn’t like d truth

  10. X Factor

    February 20, 2014 at 10:47 am

    Badluck Barawo Jonathan @ it again!
    God help this country

  11. waka waka

    February 20, 2014 at 10:54 am

    And Nigerians will be quiet while this goes on like we all do not know the truth! I read the statement twice and there is absolutely no concrete reason for his suspension….me thinks the recent directive on bank accounts being linked to fingerprints has scared the bigwigs! God help us all!

  12. mrs chidukane

    February 20, 2014 at 10:55 am

    I sha know that whatever they’re doing is not for the benefit of Nigerians so no need rejoicing. Yes he has been reckless, I mean the number of personal assistants at cbn bear witness to that fact. However, how has the FG and NNPC responded to the trillions of missing money he’s been going on and on about? This Jonathan’s government has to be one of the most corrupt ever. The other day I asked myself what I’ve benefited from his administration and I couldn’t come up with a single thing. If they can just give us electricity and keep their roads,water,healthcare and all.Lets have one tangible thing. No one is saying we should invent something. Why can’t we just pay some expats to do the electricity thing for us?i mean Nigeria is not bigger than US.Does not have worse topography than Japan/China?Why can’t we have light?

  13. 'leye

    February 20, 2014 at 11:06 am

    At least they won’t have to pay for forensic investigation again, intruder has been dealt with…sorry for my country

  14. Hurperyearmie

    February 20, 2014 at 11:10 am

    Na wa SMH


    February 20, 2014 at 11:13 am

    Good for him….Mr. Loudest mouth…mtchewwwwwwww

  16. Lesbian girl

    February 20, 2014 at 11:23 am

    Sanusi ur own don 2much sef ds period. Ur inconsistency wit arithmetic fall your own hand and ds case u are a CBN gov. After u exposed ur ignorance u would resigned urself oda dan being sacked shame on u my Kano Prince I can’t wait 2c u outside government.

  17. Musa

    February 20, 2014 at 11:24 am

    Who is this Jonathan sef wey dey sack/ suspend everybody like this? Shey na watin we ask am to kon do for we Niaja be this??? Malam, don go nau… Maybe the next person go be Abati. Who knows…

  18. Turi

    February 20, 2014 at 11:29 am

    @ Mrs. Chidukane, you took the words right out of my mouth. His tenure will be over in June and since last year he has sent a letter to the president asking and telling him of what he discovered yet the presido remains numb!!! The suspension just shows that Jona has something major to hide and we are all in deep doo doo with this. The next Governor will be a Yes man no doubt about that.

  19. mia

    February 20, 2014 at 11:33 am

    if u’re rejoicing that a man who went whistle blowing over missing public funds deserves to be suspended, then we have completely lost our sense of right and wrong. i doubt then if there’s hope for this country!

  20. John de Beloved

    February 20, 2014 at 11:47 am

    Finally this Sanusi guys arrogance has been checkmated…

  21. Me2me

    February 20, 2014 at 12:20 pm

    Whistling blower ni, what whistle did he blow, 10b or 20b….His tenure will be over June and probably wants to run for gov of his state and starts blowing whistles.

    Why didn’t he blow the whistle when it was 5mil or 1billion? why didn’t he alert the senate directly when he noticed?

    What is the CBN Mandate and who the hell is really in charge of blowing this whistle, cos Sanusi truly did the right thing but he was not articulate about it nor was it his duty. Sanusi really wanted to be some sort of celebrity, forgetting that your works speaks for you and not your words.

    What we should be asking is who the hell should be in charge of holding NNPC accountable???

    As for GEJ, he is still way better than all the others. All these nkilika sarbotage here and there to frustrate GEJ no go work. Corruption in Nigeria begins with all you individuals.

  22. Feisty chic

    February 20, 2014 at 1:17 pm

    Now he sees it!! Sanusi should have been fired eons ago

  23. obi myke

    February 20, 2014 at 2:09 pm


  24. NaijaPikin

    February 20, 2014 at 4:00 pm

    I really wonder if naija can still be called a democracy. Slowly, all our rights are disappearing, the president and his wife are above the law.

    Constitution says 2/3rd of senate needs to approve removal, GEJ ignored that. What’s next?

    • Okechukwu Ofili

      February 20, 2014 at 6:28 pm

      Finally someone with sense. I don’t get GEJ, I keep givng him benefit of a doubt, but he seems to be someone that does not take opposition or criticism. He is fast evolving into a democratic dictator.

  25. SWalihu193

    February 20, 2014 at 5:11 pm

    all what i know is that Nigeria is at great lost

  26. Someone1

    February 20, 2014 at 6:26 pm

    It is very interesting that Jonathan had the guts to sack this man.
    Sanusi sometimes needs to remember he has a boss whether good or bad.
    The fact that his kinsmen ruled the country for more than 30 years whether
    as civilian or military and the nation as far as I am concerned is little better than Niger republic
    and we are super backward SANUSI should please bury his face in shame.
    What tribe gave birth to corruption and what tribe has no resources both human and natural,
    yet are so useless.
    I heard he his a brillant banker well in “sharia finance”.
    My advice to him is that no matter how brilliant you are if you don’t have character
    you certainly will be put to shame when needed…..
    he says Jonathan is corrupt, is it not the corrupt system that made him CBN governor.
    “Fast tracking his emegrence”.
    Good riddiance to bad rubbish

    • Ada Nnewi

      February 21, 2014 at 2:20 pm

      Your comment reeks of tribalism at it’s peak! Open your mind and look beyond tribal biases, it will do you a world of Good!

  27. Abefe

    February 20, 2014 at 7:48 pm

    @ john de beloved, am highly disappointed that at this critical moment in which injustice has been completely undressed in our beloved country all you have to say is to say of someone’s pride if you have personal beef with this man y not let that be between you both and discuss the future of our unborn, children, villagers market women, peasant farmers, and the teeming unemployed youths in this country. Because if this is allowed to let go then, no public servants will ever wanna to say NO to some cabals even if they are about to sell Nigeria because he does its at the expense of his job and silly Nigerians like john de beloved instead of standing against and fight injustice would be sentimental. May the almighty rescue Nigeria

  28. okanlaz

    February 20, 2014 at 8:45 pm

    20billion dollars again. Mr egbere jonatan where ar we goin in dis country??.

  29. waka waka

    February 20, 2014 at 8:50 pm

    Omg!! I really cannot believe some of the comments I am reading. Something is definitely wrong with us Nigerians. It is only conclusion than can be drawn from thw nonsense I am reading. Really?? Sanusi needs to remember he has a boss while his boss robs his country blind??? Really?? Sanusi is arrogant because he speaks out and tells us all of the shenanigans going on in govt. Really?? Are you insinuating that he should not expose corruption because certain hausa leaders were corrupt in the past and he is from the same tribe? Really???!!!!!!?!! Omg!! Holding my head in exasperation. If these are my fellow Nigerians who are responsible for what happens in our Nation, we are well and truly finished!

  30. King Omika

    February 20, 2014 at 9:20 pm

    GEJ has no foresight. Our so-called president should wake up

  31. Cc

    February 20, 2014 at 9:25 pm

    Poor country! …Could this be linked to the extreme black-out in the country?

  32. Ahmed A

    February 20, 2014 at 9:50 pm


  33. Mama Mia!!!

    February 20, 2014 at 10:19 pm

    don’t care much for either of them, Its all political and none of them is blameless. meaning there is no lesser evil when it comes to both. i pray 2015 will give us someone better…

  34. Sarumi

    February 20, 2014 at 10:23 pm

    Nigerians dont like to call a spade a spade. GEJ has violated the constitution of Federal Republic of Nigeria as he has been doing. He never want a saint to work in his administration. He gives support to corruption and misappropriation of public fund. What has a noble man like Sanusi done to you? is it because of the secrete he is releasing to the masses? Mr. president has used him to achieve his subsidy agenda now he want to dump him for flimsy excuses that has no legal bakings. My fellow Nigerians! This president is dividing this country gradually. If he can do such a thing to violate the law of the land, then more are still coming if he is not call to order.

  35. Dee

    February 21, 2014 at 2:27 am

    So many Nigerians deserve the mess this Country is in. This man was sacked for not turning a blind eye to the looting going on as some people are talking about arrogance! The President is simply trying to giver up his involvement in the missing money but he won’t remain a president for ever and he will pay someday.

  36. Fola Daniel Adelesi

    February 21, 2014 at 10:53 am

    I listened to the defence of Presidential Spokesman on suspending Sanusi. I also saw the post suspension interview of Sanusi. I can’t help but think about why the Presidency will not be smarter or sound more convincing than one man? The problem here is not who’s right or wrong or who’s playing the victim but Sanusi sounds more convincing!

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