CBN Governor, Sanusi, justifies CBN's N100m donation to bomb blast victims

Sanusi Lamido Sanusi, the Governor of the Central Bank of Nigeria, on Monday said that the donation made by the bank to bomb blast victims was within the confines of the law.

Mr. Sanusi said this at an investigative hearing on the expenditure of public fund by the CBN and the Asset Management Corporation of Nigeria (AMCON) without approval by the National Assembly.
The House of Representatives had mandated its Committee on Banking and Currency to investigate Lamido’s N100 million donations to bomb blast victims in Kano.
Mr. Sanusi said that the CBN had always intervened in the economic development of Nigeria.
“The legal basis for CBN intervention in certain sectors of the economy is contained in Section 31 of the CBN Act 2007,” he said.
The Speaker of the House of Representatives, Aminu Tambuwal, who was represented by Rep Samson Osagie, said the hearing was to ensure accountability and fiscal discipline among institutions.
Mr. Tambuwal added that the exercise was not to witch-hunt any individual or group of persons.
The CBN governor had been variously criticised for donating money to Kano bomb last victims leaving other victims out of the bank’s largesse.
Nicholas Okoh, the Primate of the Church of Nigeria Anglican Communion, also called on the National Assembly to invite Mr. Sanusi over the donation. 



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  • Mpitikwelu_na_Ugwu_Awusa

    when is the chief Imam of CBN or is it the dan almajeri of kano, going to donate to DANA Air crash victims? May be bcos it didnt crash in kano.

  • Babso

    Who will he donate the money to? the dead or the living? Let us be reasonable please.

  • Sanusi is Fulani go check all the records of the Fulanis-and their acts unbecmoming acts-From Mr. Lynch Buhari, Tambuwal, El Rufai, Ribadu, just name them and they are there–operate with impunity-that is their trade mark! (Before, his visit to the Madalla rubble, Mr. Sanusi had invited attention to himself by donating N500million to University of Benin and N100 million to the Kano State government to help alleviate the rubble and ruins left behind by the Boko Haram Horror.

    Many people have criticized Mr. Sanusi for these missions. Typical of the Nigerian media critics, however, most of his critics and defenders miss the point by focusing narrowly on the person rather than the law and its process thus losing the holistic value of the debate.

    Regarding the Kano donations, most of his critics attack Mr. Sanusi’s donation wrongly investing their concern on ethnicity, forgetting or oblivious of the fundamental fact that Mr. Sanusi has lately developed a public profile defined through a consistently generous appetite with public money. This then would be a better way to understand his huge generosity to University of Benin, before the Kano donation, in the first place)