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Arrest Warrants For CBN Governor Lamido Sanusi Signed By House Speaker Over Missing $8 Billion

arrest warrants lamido sanusi

Dec 13, 2012 – Arrest Warrants For CBN Governor Lamido Sanusi Signed By House Speaker Over Missing $8 Billion

Nigeria’s House of Representatives speaker has threatened to order the arrest of the central bank chief and 14 others over the fate of $8bn (£5bn).

The office of speaker Aminu Tambuwal said he had signed arrest warrants for Lamido Sanusi and the other officials.

The warrants will be executed if they fail to appear before MPs to explain the whereabouts of money allegedly owed to the treasury, a spokesman said.

Mr Sanusi said he was unaware of the warrant and denied any wrongdoing.

He is widely respected in banking circles in Africa and the West. In 2011, he was named the Central Bank Governor of the Year by the global financial publication, The Banker.

Earlier this month, he called for the size of the House of Representatives, the 360-member lower chamber, to be reduced to free up money for development.

He also called for the number of public servants to be cut by half.

Mr Tambuwal’s spokesman, Imam Imam, said other officials for whom warrants have been issued include Andrew Yakub, group managing director of the state-owned Nigeria National Petroleum Corporation’s (NNPC), and National Pension Commission Director-General Muhammad Ahmad.

He said MPs would enforce the arrest warrants if the officials failed to appear before a parliamentary committee to account for the money.

The officials apparently have until Thursday to appear before MPs, reports the BBC’s Chris Ewokor from the capital, Abuja.

The warrants were issued because the 15 officials are accused of refusing to honour several invitations to explain to MPs the alleged failure to transfer about $8bn to the treasury, he says.

However, a police spokesman told our correspondent he had no knowledge of the warrants.

Mr Sanusi told the BBC he was out of Nigeria, but the deputy governor would appear before MPs.

He said he was unaware of an arrest warrant for him.

“I personally don’t believe the speaker signed such a warrant as these things are not personal,” he said.

Mr Sanusi said the Central Bank of Nigeria has made remittances to the treasury in accordance with the law.

“Our accounts are audited by two reputable external auditors… No government agency or department even comes near our contribution to the budget,” he said.

(Culled from BBC)



  1. Samluga

    December 13, 2012 at 12:52 PM

    Sets of criminals

  2. prince ajiya

    December 13, 2012 at 1:11 PM

    May God Nigeria and the people that are inside her. We no go die just like this. God is with us.

  3. prince ajiya

    December 13, 2012 at 1:13 PM

    may God help Nigeria and their people.

  4. Babson

    December 13, 2012 at 2:51 PM

    I can’t believe what I just read. I have to hear from the other side before coming to a conclusion. “Ruwa baya tsami banza”

  5. adas

    December 13, 2012 at 5:20 PM

    is only god can help us

  6. orga miriam

    December 13, 2012 at 5:48 PM

    may GOD deliver us from d hands of our dubious leaders

  7. niyi

    December 13, 2012 at 6:08 PM

    reasons why hw wanted to mint 5k notes and wrong procedurally advised that the workforce of the civil service be reduced,,,i beleive all is for him to just cover up this money he has eaten,,,,,currupt CBN Governor.

  8. ola

    December 13, 2012 at 6:10 PM

    All na thief…I say one day bush meat go catch the hunter…sanusi ole,speaker ole,president ole all the leader be thief…

  9. BODUNRIN Akinsanya

    December 13, 2012 at 9:49 PM

    It is the National Assembly that needs to be arrested, bunch of thieves, house of thieves and senate of fraud.Fellow Nigerians and Boko Haram members if you know the problem of Nigeria it is these politicians, bomb them kill them burn them where ever you see them, not one of them is Honourable .

  10. Sparky1

    December 15, 2012 at 8:39 AM

    all nigera Leaders are thieves but may God deliver us frm their hands and give us victory over the Chosen ones

  11. Zira Alex

    May 3, 2013 at 12:13 AM

    If it were not a reprisal on sanusi’s comments and d allegations were true then we can never trust anyone in such office as CBN governor we can only fill in d gap and assume..No wahala God dey!!!!!!!!!!

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