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.
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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