Friday, December 27, 2013

ONCE UPON A FUEL SUBSIDY REMOVAL CHAMPION ... HOW TIMES CHANGE : Uncertainty over Sanusi, CBN Governor’s Job ... NigeriaCommunicationsWeek

Sanusi Lamido Sanusi, Governor, CBN


Mallam Lamido Sanusi, governor, Central Bank of Nigeria (CBN), will proceed on retirement leave effective April 1, 2014, two months to the end of his tenure, according to a top official of the apex bank.
This is contrary news which went viral last night that the governor has been asked by the Presidency to throw in the towel on or before March next year.
Sanusi was nominated governor of the CBN on June 1, 2009 by the late President Umaru Musa Yar’Adua and was confirmed June 3, 2009 by the Senate, meaning his term will run out on June 3, 2014.
But reports on social media network said that Sanusi has been ordered to proceed to a forced to leave because of catalogues of allegations including alleged fallacious letter to the President, complain about missing $50billion, from funds NNPC suppose to remit to the Federation accounts and his insistence to print new N5,000 Naira note.
Mr. Ugo Okoroafor, director of Corporate Communications, CBN, however told the Vanguard that he was not aware of the CBN Governor being forced to proceed on retirement leave.
The Vanguard also quoted a source at the CBN who said that “It is a normal thing; some people go on six months, some on three months. So, there is nothing abnormal about it. You cannot force your Central Bank Governor to go on leave, it could damage the economy”.
It would be recalled that Sanusi had in a chat with Bloomberg on March 24 this year indicated his intention not to seek second term as CBN Governor.
Sanusi said that he had intimated President Goodluck Jonathan way back in 2011 that he would not be interested in seeking second term in office on the expiration of the present tenure in June 2014.

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