Nigeria central bank president is suspended
THE PRESIDENT of Nigeria Goodluck Jonathan yesterday suspended the governor of the country’s central bank Lamido Sanusi.
Sanusi, who was due to end his term in June, alleged in the Financial Times last week that the shortfall in Nigeria’s crude oil earnings were due to gross mismanagement of the country’s oil wealth.
Earlier this month, Sanusi told a Senate committee that $20bn (£12bn) of the $67bn of oil sold between January 2012 and July 2013 had not been accounted for.
“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 …President Goodluck Ebele Jonathan has ordered the immediate suspension of Mallam Sanusi Lamido Sanusi,” the president’s spokesperson said.