. Replaced by Sarah Alade
The Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi has been ordered to proceed on suspension. Sanusi, a prince of the Kano Emirate had been at loggerheads with his employers for some time.
Sanusi had appeared before a senate committee recently to defend his claims that $ 20 billion out of the money that should have accrued to the Federal Government from the sales of petroleum was missing. The CBN Governor had stoically maintained his stand despite the explanation offered by the Nigerian National Petroleum Corporation (NNPC).
Sanusi’s suspension which comes less than 100 days to the expiration of his tenure was contained in a statement issued on Thursday.
Sarah Alade has been appointed as Acting Governor of the Central Bank.