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CBN Governor Sanusi Lamido Suspended; SSS Seized His Passport

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CBN Governor Sanusi Lamido Suspended; SSS Seized His Passport

cbn governor suspended

Feb 20, 2014 – SSS Seized Suspended CBN Governor Sanusi Lamido’s Passport

CBN Governor Lamido Sanusi Suspended By President Jonathan

Earlier today, President Jonathan’s special adviser, Reuben Abati announced the sudden suspension of Central Bank of Nigeria, CBN Governor Sanusi Lamido Sanusi.

Why CBN Governor Sanusi Lamido Was Suspended

He was fired today due to lack of financial accountability that has plagued the Central Bank of Nigeria in recent months.

Read the official press statement released by Reuben Abati (Special Adviser on Media and Publicity to GED) on behalf of President Jonathan below:

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.

    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.
    Reuben Abati

    Special Adviser to the President (Media & Publicity)

    February 20, 2014

The former CBN Governor who was in Niger Republic when his suspension was announced has returned to Nigeria.

He was on an official visit to an ECOWAS event when President Jonathan fired him.

Sanusi arrived Lagos few hours ago. On arrival, State Security officials, SSS seized his passport and detained him briefly before releasing him.

Sanusi was accompanied by his in-law to be, Mallam Nasir El-Rufai.

In a recent interview, Sanusi claimed he is not a criminal and vowed to challenge President Jonathan in court.

Sanusi said he doesn’t want to return to his office but he will challenge the fraud accusation levied against him by President Goodluck Jonathan. He also vows to preserve the integrity and independence of the Apex bank.

Watch his recent interview on CNBC below:

Before his sudden suspension, Sanusi was planning to marry his 4th wife, the younger sister of Mallam Nasir El-Rufai.

Sanusi recently awarded El-Rufai a multi million naira contract for Apex bank in Abuja. Read details here.

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  1. Ajibade Omole

    February 20, 2014 at 4:58 PM

    Another political move 2015 will justify GEJ can’t wait
    Lamido got what he deserved. He has misused his office

  2. big daddy

    February 20, 2014 at 5:02 PM

    No body is above the law, nemesis has caught up with u Mallam Sanusi

  3. Gentry Ibrahim

    February 20, 2014 at 5:03 PM

    @Ajibade why are u blaming Jonathan
    this is the best decision he has made so far.

  4. Ibana Meu

    February 20, 2014 at 5:23 PM

    He deserved what he got no man is an highland

  5. Gabriel Okobia

    February 20, 2014 at 5:26 PM

    Just quietly respect ur self, remember the CBN seat Ȋ̝̊̅§ not alliance

  6. Ishaya Ezekiel

    February 20, 2014 at 5:27 PM

    Time up pack ur boxs n go 2 Kano tnx 4well done job.

  7. Ajiboye Ismail

    February 20, 2014 at 5:27 PM

    Ogaju sanusi believe in God,let God pass his own judgement

  8. Christian Obeta

    February 20, 2014 at 5:28 PM

    Sanusi, keep quiet! Or better still, go and hug transfomer. Go and manage de bank of BH.

  9. Mmagel Ugbeshe

    February 20, 2014 at 5:29 PM

    Abi? No need to flex muscles, prove yourself, all this big men sef!

  10. Tofunmi Adejoke

    February 20, 2014 at 5:29 PM

    Oga Sanusi take it easy wit Presidoo oooo

  11. Musa Ize

    February 20, 2014 at 5:30 PM

    he gat to prove himself if he’s not guilty

  12. Sunday Ilohokafor

    February 20, 2014 at 5:30 PM

    What a loquacious lamido ?your public outburst was politically motivated.

  13. Adesakin Megbabi

    February 20, 2014 at 5:31 PM

    Fool, planing to marry 4th wife, but failed in his oficial assignment, well, history will never be kind to you people.

  14. Alum Otis

    February 20, 2014 at 5:31 PM

    Sanusi is an embarrassment to Nigeria.

  15. keji

    February 20, 2014 at 5:39 PM

    go away and let another person chop

  16. TONYG

    February 20, 2014 at 5:46 PM

    I blv Sanusi was right…… but he played to the gallery…he should learn from his mistakes

  17. KSA

    February 20, 2014 at 6:08 PM

    What ar all you, saying? hw come it is now a crime in naija to xpose a crime? is it dat nigerians immuned to corruption dat whoeva tries to fight one is seen as an enemy of d state? y ar u ppl condemin him(sanusi) bcos it is btw him n d presidency without get all d facts 4rm d both sides? make una take una time oo! May God help naija.

    • Timi.

      February 20, 2014 at 6:59 PM

      I pity Naija, No honesty @ all. Once u speak out d truth against any V.I.P u re hunt dwn, may God hv messy on those evil leaders.

  18. Zeezy

    February 20, 2014 at 6:16 PM

    Plz if u want 2 write ur comment, b very careful of wat u r writing n b 100% sure of wat u guyz r writing! GEJ az no write or watsoever 2 go against Nig. Constitution, nobody iz above d law, there iz nafin like suspension in our constitution. I knw dat God will bring out da truth 1day n prove sunusi’s innocent! Wat waz da action taken wen Oladimeji Bankole stole our money? Plzz diz iz politics n Sunusi does nt want 2 b part of dem n datz why GeJ iz against him! God Bless 9ja!!

  19. Zeezy

    February 20, 2014 at 6:20 PM

    Alwayz b 100% sure of wat u r saying peeps!! Even if sunusi should leave dat seat 2day, he’ll neva suffer 4 da rest of hiz life! Make una no dey pork una nose 4 wetin una no dey sure off!

  20. Zeezy

    February 20, 2014 at 6:23 PM

    @ Adesakin, u r d lattest fool eva! If u see sunusi, can u 2alk 2 him 2 hiz face?

  21. olorire

    February 20, 2014 at 6:41 PM

    lamido u are in ur right, just leav them nd let Allah jug them! Nitwit president

  22. Emmanuel Abam

    February 20, 2014 at 7:34 PM

    Tot he was better than SOLUDO his predecessor.

  23. Muktar

    February 20, 2014 at 8:34 PM

    Not one person here has bothered to bring up the current allegations of $20billion missing from NNPC’s revenue. This was the most bold allegation any Nigerian has ever made against the NNPC in it’s corrupt history, and the most embarassing charge against mr President’s darling petroleum Minister, and still the most shameful on a President that claims to fight corruption. And Mr Sanusi, big thanks to him, is the reason we even know about it. He has his flaws, but if it wasn’t for him your puny little bank accounts would be depleted by Bank Execs who buy houses in foreign countries with your so called savings. Some of you people are really unbelievable. Good luck to you and whatever version of Nigeria it is you hope to create.

  24. Alwaks

    February 21, 2014 at 6:32 AM

    Mst of u ppl here ar ilitrt if nt lamido did nt bad or is’t bcus he say d trut dat y u ppl ar sayn all dis rubsh, jonatn is d wost prsdnt i av ever see in dis word,ntn d idiot do xcept 4rm sakn ppl in d ofic, it wl sum fnsh no body wl vot 4 mumu lyk him badluk

  25. beo

    February 21, 2014 at 11:18 AM

    sanusi may b right, but it is politically motivated by dos against gej.
    lst year he said 60bn, he later said it was 10bn mising. y wont he be specific? investigation reveals dat no such amount has bn accounted 4 by the nnpc. yet d outbursts is too too much, forces r behind him to help destroys gej’s tenure in office. he grants loan, without approval, disbursts money for contract to his to-be inlaw el rufai at his will…

  26. Musa Johnson

    February 21, 2014 at 1:15 PM

    Sanusi Lamido Sanusi has done well for Nigeria as the CBN Governor. I remember his removal and even prosecution of some of the former CEOs of our major banks who unbelievably stole depositors’money. He has been removed from office by a rotten government completely enmeshed in corruption for speaking out against crooks in power. Sanusi, you are a Nigerian warrior and hero anyday. And let those who removed you remain in power till eternity.

  27. kano prince of hope

    February 23, 2014 at 10:36 PM

    gej has done d best sanusi deserve to be disgrace he destroy jonanthan govt. Wt usenes policy just to favour d opposition

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