CBN reacts to PREMIUM TIMES report on Governor Sanusi

Sanusi lamido sanusi
Sanusi Lamido Sanusi

The Central Bank of Nigeria has sent a rebuttal to PREMIUM TIMES faulting the paper’s report  which accused its governor, Sanusi Lamido Sanusi, of abuse of office.

The full statement by the bank’s director of corporate communication, Ugochukwu A. Okoroafor is published below. Okoroafar was contacted for comments before our first story was published. He did not revert despite a promise to do so.

Read the full text of the CBN reaction below.

 3rd June, 2013

The Ag. Managing Editor,

Premium Times 

Our attention has been drawn to the libelous story posted on your website on 2nd June, 2013, on the Governor of the Central Bank of Nigeria (CBN), and which has now been circulated by other online websites and blogging groups.

The post was full of fabrication and inaccuracies. Ordinarily this would have been best ignored. We are however constrained to write to you on account of the severe implications of the allegations for the integrity of the CBN, as an institution.

It is also important to reaffirm our long-standing commitment to due process and international best practice in the discharge of every aspect of our statutory mandate.

We wish to state that CBN is an equal opportunity employer, which prides itself with having female members of staff that possess the highest qualifications, competencies and skills. It is rather reprehensible for anyone to cast such aspersions on the qualifications and integrity of our female staff.

In the publication, you made the following false allegations:

  1. That Dr. Maryam Yaro is a staff of the CBN at the level of Assistant Director and that she was recruited without due process, as  she was not qualified for the role.
  2. That the CBN Governor introduced Dr. Yaro to the CBN and exerted pressure on the Human Resources Department to recruit her.

We wish to state the fact as follows: 

  1. Dr. Maryam Yaro is not, and has never been an employee of the Central Bank of Nigeria. She was one of four consultants (three of whom were male), hired by the Nigeria Incentive-based Risk-sharing System for Agricultural Lending  (NIRSAL) Plc; on a one year contract, renewable on the basis of satisfactory performance. NIRSAL Plc is a special purpose vehicle (SPV) set up by the Federal Government of Nigeria, through a partnership between the CBN and the Federal Ministry of Agriculture and Rural Development (FMARD). 
  1. In the course of establishing NIRSAL, the Hon. Minister of State for Agriculture and Rural Development, through a formal letter, recommended Dr. Yaro to participate in the project as a Specialist on Rural Finance Access. 
  1. Dr. Yaro was hired after a rigorous selection process conducted by the the NIRSAL Project Implementation Office. This clearly contradicts the claim that Dr. Yaro was brought in by the CBN Governor. 
  1. Contrary to allegation that the Governor expedited recruitment of Dr. Yaro, the PIO’s recommendation to hire her as a Consultant, was written on March 30, 2012 but only received final approval on June 20, 2012.  
  1. It is pertinent to add that Dr. Yaro’s academic qualifications and experience eminently qualify her for the job. She is a Doctor of Veterinary Medicine (DVM), who speaks three Nigerian languages, and has extensive experience working with farmers across the country on different agricultural programmes. She has also been a consultant to the Food and Agricultural Organization (FAO); and was one of the experts working in the National Programme on Food Security before she was engaged by NIRSAL. 
  1. Please find attached, the relevant documents in support of the facts stated above and we hope you will give this the same publicity you gave your initial story. 

We have noted that the other allegations in the post border on the person of the CBN Governor and are consistent with previous attacks. In line with the Governor’s usual practice of not responding to these libelous comments on his person, we have decided not to respond.

The CBN shall remain resolute in the pursuit of its statutory mandates regardless of any attempt to distract the institution or its officers.

Thank you

 Ugochukwu A. Okoroafor

Director, Corporate Communications,

Central Bank of Nigeri

Screen shot 2013-06-04 at 9.12.19 PMScreen shot 2013-06-04 at 9.11.32 PMScreen shot 2013-06-04 at 9.32.36 PM
Download more documents here.

But reacting to the CBN statement, PREMIUM TIMES Acting Managing Editor, Idris Akinbajo, said the paper  is standing firmly by its story.

“We knew the story was going to shock a lot of people,” Mr. Akinbajo said. “We were under no illusion that Nigerians would hurriedly swallow the bitter truth of the revelations made in the story.”

He added, “We have discharged our responsibility of providing information we believe citizens need to hold officials accountable.

“Our job is done, as we will only continue to provide additional information as necessary.

“It is left for Nigerians to either demand accountability or live with, and celebrate the indiscretions of their leaders.

“We stand firmly by our story and look forward to the moment the CBN Governor will boldly look Nigerians in the face and say the things we reported in that story did not happen.”


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  • Sahfeeyah

    Can we see the documents that were sent to you please? Thank you

  • jessyjack55

    I don’t know why people tends to fool themselves when truths are very clear. She is A consultant, but U employee of CBN take so much time to defend her credentials and paint her white and could not defend your own boss! na wa 9ja

  • goodgovernance

    If the CBN Gov and Dr.Yaro are clean, they should head to court to clear their names. Chikena!

    • SanDallahs

      Jamiu, who are an ignorant and stupid person. You are NOT a believer of any core religious conviction. What has the purported guilt of SLS got to do with Islam? Anybody that insults another persons religious believe is a bigot. Address the so-called and trump-up gossip first.
      The World will not be a peaceful place to live with people like Jamiu who give religious connotation to any personal action or inaction of other individuals.
      Jamiu, please be broadminded in your thoughts.

  • Jamiu

    Nonsense..this is a confirmation and not a rebuttal. Shame on you Sanusi Lamido Sanusi. Islam is truly a religion of pretense.

    • Sadiq Garba

      What has these to do with Islam as religion.
      Can one condemn christianity as a religion of Homosexuals and lesbians?

    • Bob

      Is this a religious story?…..pls know how to make comments, if u don’t know just keep quite,pls…

    • yusuf

      Islam is a religion of reality and truth with a clear fundamentals and objectives. Individuals to some extent can not be use to judge Religion.
      Please Mr jaumu please do not say which you do not have knowledge on. Leave Islam out jugde SLS as an individual, base on this topic.

  • ooboy

    premium times your “facts” about her status and employment process were either off or purposefully twisted. NISRAL seems to be a plc and shes clearly on secondment from her ministry and highly qualified. so now how do we trust your romance story complete with visuals of seductive dresses and squeezing send buttons? LOL. give it a rest abeg. you win some you lose some. and yes where are the other documents they sent you? I saw cbn write they attached documentS not document. and you have only posted one. abi you no wan make we see? lol.

    • uduakomiri

      Mrs Yaro works for CBN. Whether on a secondment or not, she is contracted to work on a CBN facilitated project for Fed ministry of Agriculture.

      Instead of addressing the important issues:

      1. Is Sanusi having an affair with a staff (whether on secondment or not) doesn’t matter

      2. Was public funds misused by chartering a flight for the CBN governor instead of taking a normal flight. David Cameron the UK prime minister travels on a Business class to most functions. John Kuffor, former Ghanaian president travelled to work in his own car (heard he drove himself) and even went to work from his own house including paying for any personal expenses out of his own pocket. Why must public office in Nigeria be an avenue to waste taxpayers funds without a thought?
      3. Did Sanusi’s private interests come into conflict with his position as CBN governor?
      4. Why has Sanusi chosen to give details of the employment of Mrs Yaro but refused to deny (of accept) having an affair with her?
      If someone accused another person of serious wrong doing, you don’t simply keep quiet as that may be seen as an admission of quiet. Something just doesn’t add up here.
      Unfortunately we don’t have a responsible government. If not the CBN governor would have been forced to clear the air by his superiors in the presidency or ‘sacrificed’ in a kind of damage control measure.
      In Nigeria, anything goes. The people in government run the show like a sordid cartel.

  • ooboy

    i think this whole shoddily written mills and boons story was just a bad idea to start with and I hope premium times will now stop comepeting city people and ikebe super alone. Can we find out whats happning in Borno? The arms they found in Kano nko? Have they questioned Amigos owners?

    • Dan maikoko

      Seconded! Only that Lamido has a golden opportunity to end the Ikebe story escapades of PT. What is he waiting for? He can also make a few millions in the suit! If his reputation is no incentive then money surely is. Let him go to court!

      • Sadiq Garba

        Money?
        You know that can not be SLS’s priority for now. What he has not made in his over 25yrs service can not be made out of premium times.
        It is not in every body’s character to argue on his personality.
        Silence is the best response to those personal attacks.

      • ACTION MAN

        I think you also consider the other sides of your position. If he goes to court and PT produces all the evidence, what will you advise him to do? You can see that from the tone of the PT response, PT will shock him with the evidence, if he goes to court.

    • Funmi

      If you were objective enough, you would notice how it has been Premium Times reporting exclusively on the security challenges in the Bornu and other parts of the North East. It was Premium Times that did an exclusive story on how Amigos was still open almost one day after the owner was implicated in terror acts. The Premium Times report led to the closure of Amigos. Premium Times, has been the only medium following up on the story. But you choose subjectivity instead. You choose to call a story that brings to the fore the manner a public office older lavishes state funds on his private lifestyle mills and boons. Then you will then wonder why Nigerians get the kind of leaders they do. Rather than ask for accountability, you go ahead to lambast PT. It really calls to question the state of the (un)critical mass in Nigeria

      • makesense

        funmi,God bless you. pls cc me ur twitter handle or your phone number, need to commend you for the best comment so far.

      • Charles

        Welcome

  • dhayjee

    The facts speak for themselves,it’s left to Premium times to substantiate their claims…and what has Islam got to do with this,must we bring religious bigotry into every issue

    • Dan maikoko

      You are talking like a judge. Premiumtimes made an allegation for which the victim (SLS) does not want to contest in court. In this matter only a judge can ask PT to substantiate their claims and he can only do that if SLS goes to court for which he (SLS) clearly stated that he wont go. Q.E.D.

  • Dan maikoko

    I thought a true response will concentrate on clearing the CBN boss of the most serious accusations of infidelity. Its sad that the imminent banker chooses not respond to any accusation on his private life even if it is a false accusation and borders on his integrity and ability to discharge his duties as CBN governor. PremiumTimes belongs in jail and we pray for the day SLS will change his mind.

    • Mani_Kay

      There will never be a day that SLS will change his mind. In fact, it is instructive for you to know that SLS is on his knees pleading with Premium Times to cease from publishing more damaging details on the scandal. If this matter ever goes to Court you will be shocked at the number of women victims that will come out to press damages against Sanusi. I know what I am talking about!!!!

      • Dan maikoko

        I believe you!

      • Aso Bobo

        Mani_Kay/Dan, I believe there is need to separate the individual from the institution. If you have ever worked in a corporate institution, you will understand the need for the body to guide its policy. In this case, I believe the CBN is right to respond in the way it has. And as for the issue of “accusation” of infidelity, I think Premium TImes should come forward with much more than unsubstantiated claims of Sanusi meeting with Yaro in a hotel room or exchanging text messages.

  • Mafar Ka

    You only read what you want to see in your imagination. It is stated at the end that the CBN Governor has a policy of not replying libelous reports against him so the CBN toe that line. As for the poor woman, it is important to set the records straight.

    • Mani_Kay

      You are very funny indeed to swallow the rubbish that Sanusi has a policy of not responding to libelous publications. Who doesn’t have such a policy as long as it is convenient? You catch a man in the abominable and serious act of marital infidelity and adultery and you confront him with the facts and all that the man says to you is that he doesn’t respond to such things. How tragic for anyone to accept that as an answer.

      • Sadiq Garba

        You don’t define another person’s way of life.

  • Mani_Kay

    What is all these? The man is accused of adultery and marital infidelity and they are here talking about staffing. They did not even bother to talk about the issue of wasting of Public Funds on Chartered flights. Even the last scanned document shows that the woman is in CBN as correctly reported by Premium Times and there is nothing in this CBN Press Release that is materially different from what Premium Times had published. Sanusi is indeed a monumental disgrace who must be stoned to death for marital infidelity and adultery as stipulated in the Sharia Code for Muslims. I hope all his supporters that have been saying that the scandal was a mere fabrication will now cover their heads in shame and keep the man who Sanusi abused his wife in their prayers.

    • wgirl

      ok where are the remaining documents? why wont premium times upload them? . I can also see NISRAL clearly written on the letter. dis soup son sour. Pubic indeed! nobody is covering any head in shame. are they doing thier jobs in cbn? na de koko be dat.

      • Mani_Kay

        Are you so blind that you cannot see that the scanned letter of appointment is on CBN official letter head…..ewu

    • Undisputed truth

      The allegations of adultery and infidelity have nothing to do with his position at the CBN -they are a personal matter. As far as the CBN is concerned, the main concern would be the allegation that he bypassed normal recruitment procedures in order to employ a friend, and secondly that he used CBN funds for personal use. Even if he is a womanizer, I reckon CBN are more concerned that he is competent to do the job he is employed to do

  • Nemlong Manchok

    But reacting to the CBN statement, PREMIUM TIMES Acting Managing Editor, Idris Akinbajo, said the paper is standing firmly by its story. “We knew the story was going to shock a lot of people,” Mr. Akinbajo said. “We were under no illusion that Nigerians would hurriedly swallow the bitter truth of the revelations made in the story.” He added, “We have discharged our responsibility of providing information we believe citizens need to hold officials accountable. “Our job is done, as we will only continue to provide additional information as necessary. “It is left for Nigerians to either demand accountability or live with, and celebrate the indiscretions of their leaders. “We stand firmly by our story and look forward to the moment the CBN Governor will boldly look Nigerians in the face and say the things we reported in that story did not happen.” ===== The foregoing is the reaction of Premuim Times to this CBN Press Release. It is on Premium Times website…..found at the bottom of the CBN Press Release on their website.

  • kamal

    Carry on SLS

  • Truth

    Mrs Yaro is a bad F*** anyday. She should be divorced now

  • Aso Bobo

    Reading through the letter and other attachments from CBN, it is quite clear that Premium Times made attempts to twist the facts for the purpose of sensational journalism. Some have argued on facebook and other social media that CBN ought not to have responded in this matter as the allegations raised border on the personal. I disagree! No institution worth its onions would allow such deliberate attempt to impugn its integrity go unanswered. A major issue raised had to do with transparency in the recruitment process in the CBN and the bank has come to set the records straight. Period! I bet Premium Times underestimated the level of transparency in the apex bank. I bet we would have been spared all this had the online medium done the very basic in journalism: verify before you publish.

    • Concerned Nigerian

      Did you see the appointment letter up there? Are you sure you read it? On whose letterhead was it issued? Who signed it? Sentiment and immorality blinds.

      • Aso Bobo

        Good AM Concerned Nigerian. I am as concerned as you. The attachments I have gone through. The point that is being made is that due process was followed by the institution.

  • davoo

    very typical of the Nigerian media; the ‘pull-him-down’ syndrome….. if SLS engages in immorality or adultry, how hs the purported whistle-blowing report moved Nigeria forward? do u people honestly believe that such acts ar not common among the elites? governors, ministers, senators, politicians, academicians, bankers, artists, business executives and even the journalists too. this whole report is a challenge to all of us. it is a soul-searching one. why delving into someone else’s personal life jst to ridicule their reputation? and why should i lose sleep jst cos som Casanova occupying the exalted office of the CBN Governor chose to toe the path of ignominy? shame on d writer of the article cos the report was published out of shear need to humiliate the guy ( as against investigative journalism being claimed)… shame on SLS if the report is true cos he has failed many young Nigerians who see him as a role model…shame on PT for aiding those bad belle people who take pleasure in the down fall of others…..shame on those of you who chose to blindly vilify ds guy wthou having all the facts…..shame on those of you who engage in shameful and immoral acts in your secrets, only to come out and form “the saint” who wants to expose the decadence in our society.

    • Usman

      @davoo: I think the shame is on you for writing such nonsense! How can a highly placed public figure, a role model to millions commit such a despicable act and you say ‘shame on those who exposed him’. You are a joke!

    • Ajantala

      It is people like you destroying this country. Ewu (Goat)

  • OLA PEDRO

    Dont mind the bo Mr Idris! we know them and their watery denials-what about OBJ-El Rufia and the IGP are they also not in these game of taking married women to bed-el rufai is master dribbler when it comes to sneaking into the bed-rooms of married women-while their spouses are away-good work for once PT

  • Sunday Prince

    This truly sad. Moral bankruptcy is worse than material corruption in my view. I understand that even in Islam adultery is a worse sin than stealing! Mrs Yaro is not the only one, there are other Sanusi women, including the head of

    • Charles

      NigeriaVS Biafra court case comes up on the 25th of June @ the Federal High
      Court Owerri.

      RADIO BIAFRA; Log-on daily by 7pm(GMT) AND call +447831308376.Join Radio Biafra
      facebook page. Thank yo

  • emmanuel

    Mr. CBN, how far with the moral bankruptcy issue, you did not address it.

    Sanusi resign like General Petreous of the USA CIA.

    Premium Times request for flight manifest, hotel records and CCTV footages through the vehicle of FOI and lets have a man who may not be for for public office

  • PEOPLE

    CBN GOV. IS VERY CORRUPT. HE LIKES WOMEN VERY WELL. DO NOT ALLOW TO SEE YOUR WIFE OR ELSE HE WILL COLLECT HER FROM YOU. PREMIUM TIMES IS VERY CORRECT ABOUT THE STORY OF CBN GOV.

  • ACTION MAN

    Those of you asking Mr Governor should have a rethink and consider the other sides of your advice. If he goes to court and PT produces all the evidence, what will you advise him to do? You can see that from the tone of the PT response, PT will shock him with the evidence, if he goes to court. PT are wonderful guys. You dont joke with them. They hate corruption of any form.They have done it with the Harliburton, the Isreali company email spying contract and several other high-tech investigations. We should give them kudos BUT not to intrude on privacy except where public funds are used to pay the bills of public enjoyment.

  • ACTION MAN

    Those of you asking Mr Governor to go to court should have a rethink and consider the other sides of your advice. If he goes to court and PT produces all the evidence, what will you advise him to do? You can see that from the tone of the PT response, PT will shock him with the evidence, if he goes to court. PT are wonderful guys. You dont joke with them. They hate corruption of any form.They have done it with the Harliburton, the Isreali company email spying contract and several other high-tech investigations. We should give them kudos BUT not to intrude on privacy except where public funds are used to pay the bills of public enjoyment.

    • SUNDAY

      Yes, PT ‘ hates’ corruption, but they have been very patronising of Atiku Abubakar whom it is learnt, sponsors them. Anything OBJ they hate like a plague because of the way the former president allegedly dealt with Turaki. Until, PT clears the air on their relationship with Turaki, we would still have doubts on where they belong. You cant use a corrupt broom to clear a corrupt society. Period.

  • sule

    moral shenanigans are the hallmarks of our ruiling elite.What PT published are commonplace;the question is why SLS.Is he a saint ? Has he served us well ? i think he has.My advice to PT ? Dont allow urselves to be used for PHD.

  • Mani_Kay

    GO SANUSI, PLEASE GO NOW……..it is in your own best interest to go now……GO SANUSI, PLEASE GO NOW……..

  • Mani_Kay

    SANUSI PLEASE GO NOW……….Nigerians want to see your back for abuse
    of office and for wickedly defiling another man’s only wife despite the
    fact that you already have four wives……..PLEASE GO NOW

  • Charles

    NigeriaVS Biafra court case comes up on the 25th of June @ the Federal High
    Court Owerri.

    RADIO BIAFRA; Log-on daily by 7pm(GMT) AND call +447831308376.Join Radio Biafra
    facebook page. Thank you.

  • Boli Atepa of Ny Aleysund

    Each person with his or her interest. Mine is the Aliamdulilai, I enjoyed the adulterous sex. What kind of god is being praised? Not mine.

  • longathoat

    On the issue of unremitted $49.8 b by NNPC, I believe all CBN is asking is that due attention should be paid to the account books. The objective of the letter to Mr. President is to ensure. That amends are made. There should be accounting regulation.