Section 11(2)(f) of the CBN Act states: “A
person shall not remain a Governor, Deputy Governor or Director of the
Bank if he is removed by the President: Provided that the removal of the
Governor shall be supported by two-thirds majority of the Senate
praying that he be so removed.”
On
the above note, it is now certain that President Goodluck Jonathan
cannot remove the current Governor of the Central Bank Mallam Sanusi
Lamido Sanusi, without the approval of the Senate’s 2/3 majority. The
CBN Governor has since expressed his desire to continue till the end of
his tenure in June. Meanwhile, the Labour Party has called on the
Governor to resign. THISDAY reports this as the sentiment of the party’s
National Chairman, Chief Dan Nwanyanwu. THISDAY also quotes former
Governorship candidate of the People’s Democratic Party (PDP) in Lagos
and Nigeria’s former High Commissioner to Ghana, Senator Musiliu
Obanikoro, as saying that Mallam Sanusi has lost every moral and
professional right to continue to stay in office as CBN governor.
According to him, “Sanusi should resign
and go. There is nowhere in the world where a CBN governor would write
such a letter and not resign the next day. Having written the letter,
verifications were made and he also admitted to some errors, then he has
no business being the president’s adviser again.”
Renowned constitutional lawyer,
Professor Itse Sagay (SAN), wondered what the rush to get Sanusi out is
about, “what’s the rush to get him out? He alleged that $49.8 billion
could not be accounted for and after the investigations they said it was
$10 billion, even though the $49.8bn could have been exaggerated
really.
“Yet, there is a critical case. $10
billion is a huge amount of money. It is still an incredibly large sum.
So there is no basis for asking him to resign. The man is not seeking a
second term; he is ready to go, so why is he being hounded out of
office. There is no basis for asking him to resign. He should be allowed
to serve out his term.”
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