Jonathan Forces CBN Gov Sanusi Lamido To Retire - Welcome to Julia Blaise Blog

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Saturday, 28 December 2013

Jonathan Forces CBN Gov Sanusi Lamido To Retire

The CBN Governor, Mallam Sanusi Lamido Sanusi has been ordered by the Presidency to proceed on compulsory retirement on or before March 2014 as his tenure as CBN governor will not be renewed. Sanusi's order to proceed to a leave will come months before his term expires in 2014.
Mallam Sanusi allegedly wrote a fallacious letter to the President, complaining about missing £50billion, from funds that NNPC was supposed to remit to the Federation accounts. After a two-day of reconciliation with NNPC, FIRS, DPR and CBN, Mallam Sanusi aplogised to Nigerians that he got his figures wrong and blamed his staff for providing him with wrong data.

He concluded that $12billion was the new difference, while the team saw a difference of N10billion. After about 3 more days of reconciliation, the CBN announced that the N10billion was actually remitted to CBN months before Sansui's false alarm, under a separate heading by FIRS and DPR (Department of Petroleum Resources).


Sanusi's tenure was marred with controversies, especially his inability to reconcile the accounts of CBN or making accounts of CBN available to Nigerians or lawmakers. He was using the bank's funds for personal donations to unapproved causes.

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