Nigerian News Beat

The Federal Government today suspended the Central Bank Governor, Mallam Sanusi Lamido was on his way back to Nigeria from in Niger Republic attending an official ECOWAS event.  In a statement sent to by Dr.  Reuben Abati, o w  Special Adviser to  President  Goodluck Jonathan, the most senior Deputy Governor of the CBN, Dr Sarah Alade,  has been named as the Acting  CBN  Governor.

The statement noted that  Sanusi’s tenure has been characterised 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”.

The statement addeed that  Jonathan has  ordered that Mallam Sanusi should hand over  to 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.