Intrigues as presidency plots Lamido Sanusi’s early exit as CBN governor

Sanusi lamido sanusi
Sanusi Lamido Sanusi

An untidy succession race is currently apace in the country’s business and finance community following rising tension between Central Bank of Nigeria, CBN, Lamido Sanusi, and the presidency which inside and knowledgeable presidential sources in Abuja, Thursday, say might lead to the suspension of Mr. Sanusi “any time from now.”

ThisDay newspapers, Thursday, brought the tension between Mr. Sanusi and the Presidency to public awareness, reporting that the CBN governor had rejected a call from the presidency to resign voluntarily ahead of his planned exit in June.

Presidency sources say this rejection has triggered a “palpable air of anger and frustration” leading hawks in the presidential villa to propose a suspension and swift replacement which will circumvent the constitutional bottleneck that has tied the hands of the president from summarily firing Mr. Sanusi.

The CBN governor, speaking through the bank’s spokesperson, Ugo Okoroafor, said he has shelved his earlier plans to proceed on his terminal leave in March.

Mr. Okoroafor quoted Mr. Sanusi as saying, during a meeting with CBN staff, that he would serve out his tenure in office as CBN governor till June 2.   Sanusi watchers interpreted this move as his preparedness to fight the presidency head-on believing that some of his close hires have opportunistically gravitated to the presidency in the hope of succeeding him.

By law, President Jonathan needs the Nigerian Senate’s blessing to support such a prayer, which, as presidential aides reasoned Thursday, will be unanswered in the new environment where President Jonathan’s party is gradually losing support and therefore any hope for confident support in the upper deck of the Assembly.

A suspension will, however, be a public relations disaster for Mr. Jonathan but it will feed into a pattern that started when the President of the Federal Court of Appeal, Justice Ayo Salami, was illegally suspended from office and was not allowed to return till his retirement date was due, despite the recommendation by the National Judicial Council, NJC, for his reinstatement.

The presidency is therefore resolved  on firing Mr. Sanusi, by way of a suspension, and then bar him from accessing his office once the announcement is made.

One of the deputy governors within the bank will then be named to step into Mr. Sanusi’s stead while the CBN governors best bet would be to do an endless but fruitless battle with the presidency through the court.

Aso Rock strategists believe that with Nigeria’s slow judicial process, the CBN governor would be unable to get the court to reinstate him until his tenure expires in June.

“If all things go well, the presidency will give Sanusi the Salami treatment soon,” a highly placed source in the presidency said Thursday. “At least we are all agreed on that.”

Presidential spokespersons could not be reached to comment for this story. Both the Special Adviser to the President on Media, Reuben Abati, and the Senior Special Assistant on Public Affairs, Doyin Okupe, did not answer or return calls.

But in Lagos and Abuja Thursday propositions for a Sanusi-successor went into hyper-drive with five top contenders now, according to presidential aides, in a frantic race for favour and acceptance.

From within the CBN, Kingsley Chiedu Moghalu, the Deputy Governor of the Central Bank of Nigeria in charge of the Financial System Stability (FSS) Directorate, who trained as a lawyer and took a doctorate degree in international relations, is considered a top favorite.

Like Mr. Sanusi, who attracted him from his consultancy business, he is also a risk management expert, and in the years since he joined the CBN team has secured a favourable eyeball in the presidency.

Another candidate who has attracted interest at the presidency, mostly on account of how he is managing the controversial Asset Management Corporation of Nigeria (AMCON) is yet another Sanusi hire, Mustafa Chike-Obi. A hedge fund and private equity investment expert, Mr. Chike-Obi has had a stint at the Goldman Sachs, and held senior positions in various Wall Street firms.

He graduated from University of Lagos with a First class degree in Mathematics and an MBA from Stanford Business School.

A surprise candidate on the top list of contender is the former Minister of Finance, who is current Minster of Trade and Investment, Segun Aganga, a former top gun at Goldman Sachs. Officials who spoke of his chances Thursday said “the fact that he is not controversial like Sanusi is making strong impressions here.”

Another lawyer and banker, Aigboje Aig-Imoukhuede, who has served as Group Managing Director and Chief Executive Officer at Access Bank Plc (formerly, Access Bank Nigeria) since 2002 is considered top in contention too.  His candidacy enjoys the blessing of Finance minister, Ngozi Okonjo-Iweala.

Mr. Aig-Imoukhuede and Stephen Olabisi Onasanya, an accountant and banker, who is the CEO at First Bank Plc are the two industry leaders who are in contention for the position. Mr. Onasanya, a long time associate and accounts manager for oil minister, Diezani Alison-Madueke, is also thought to be bringing a sense of measure and calm to the position if he gets the nod.

PREMIUM TIMES was also told Thursday that Akpan Ekpo, a respected professor of Economics and former Vice Chancellor of the University of Uyo, is also making inroads in his desire to clinch the CBN job. Mr. Ekpo, who has served on the board of the bank, is now Director General of the West African Institute for Financial and Economic Management, based in Lagos.

Mr. Sanusi upset the presidential apple cart when, in a stern memo, he claimed the non-remittance of over $49.8 billion (about N8trillion) oil money into the Federation Account by the Nigerian National Petroleum Corporation, NNPC.

In his memo, Mr. Sanusi accused the NNPC of systematically diverting more than 76 per cent of revenues realised from crude oil sales between January 2012 and July 2013, paying into the federation account only 24 per cent of the proceeds.

In defence of the NNPC, Group Managing Director of NNPC, Andrew Yakubu, faulted the claims, accusing Mr. Sanusi of playing politics with the issue.

A hurriedly arranged reconciliation meeting between the NNPC, CBN, the Federal Inland Revenue Service and the Ministry of Finance, led Mr. Sanusi to review his claims that at this point only N10.8billion of the money needs to be accounted for.

Mr. Sanusi has also irked the administration many times by his open and biting criticism of the economic policies of the government.


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  • OkoAbeni

    Let them produce the missing $10.8Billion first. If Premium Times becomes factual then ethnic leaning of GEJ as accussed by OBJ would have been confirmed. I sincerely wondered the type of advisers around our President. Not sure they have any love for him at all, he also usually acts as if making his decisions from the bedroom.

    • Kola Adekola

      So, Sanusi who cannot add 2 + 2 has told you $10billion is missing, and you believe?!
      Some Nigerians are wonderful people.

      • Ikechukwu_67

        No, okonjo iweala said so.She said she’s looking for 10.8 billion dollars . That’s the financial guru from world bank talking…

        • blogNaija

          her CV has been edited- Nigeria.

  • Taamedu

    Mustapha Chike-Obi was a mortgage banker on Wall Street, not the combo you attributed to him.

    • Alaba

      He was a hedge fund manager for the records

      • D.A

        what hedge fund was that?

  • Coco B

    Gej shld tread easily bf causing another crisis,due process shld b follow and not illegality

  • arewethishopeless

    Honestly speaking, if Jonathan removes Sanusi in any illegal way, will there be more Nigerians calling for Jonathan’s head or not?
    Jonthan does not realise he is about to loose more suppoters ….

  • Wähala

    Sanusi himself should make things easier on everyone by rescinding his decision to defer his retirement, it is obvious his services are no longer needed. That said, I believe it would be wrong to break another law at a time the Presidency has more on their plate to worry about. Afterall, why did he not fire Sanusi back on Sept. 25th when the CNB-Gov. hand delivered his letter if the contents were wrong… and, where’s the missing $10 Billion? Criminals!

    • Tonnero

      Why should he make things easier? Who determines whether his services are no longer needed? The governor of the CBN is independent of the President. The law gives him a renewable tenure two terms of five years each. His removal is only subject to the senate. This was deliberately done during OBJs tenure to ensure that the CBN governor is allowed to make economic policy free from interference by stupid politicians like those we have today. So the question of his not being needed does not arise. His job is to drive policy irrespective of the government in power and he is still sorely needed for that.

      • Dan maikoko

        Agreed, but going by the demeanour of the current cabal in the presidency he cannot perform without interference and so the best thing to do is quit.

        • SB

          Quit? And leave the economy in the hands of fraudsters? That will be very ‘unpatrotic’ of him. The best thing we can do right now is to give every possible support that GEJ and co act according to the rule of law. If not for SLS whistle, $10b will be gone with d winds! NASS will be consuming 50% of our budget! This man has done well in the CBN, if we want to be objective above religious/ethnic. GEJ should be bold enough to uphold accountability and transparency in his govt.

  • Dan Baba

    If you have attained a senior management level at where ever you work, you would agree that President GEJ should fire sanusi on the ground of incompetence or gross negligence.
    Just like Management of a coy, d govt makes decisions based on reports coming frm all channels. Reporting is very key. Any information coming from the Apex bank should be precise,truthful and simple, because it determines/shapes our economy and the polity. For sanusi 2 go viral about missing 10BD and later rescinded his claims owing to fake line-reporting, is unacceptable. This is a whole system where huge fund is spent monthly on salaries. No Nation/economy would take such story as a mistake, but an effort to sabotage d govt. It is punishable by dismissal!

    • Kay Soyemi (Esq.)

      Dan Baba, if you own and run your own business, you would realise turnover is vanity and profit is sanity.

      You don’t fire your top earning employer simply because you don’t like his or her face.

      SLS’ voice is an oasis of calm and reason in a cacophony of voices singing out of tune economic songs at the Babel known as Aso Rock.

      We only get to mourn the grey woolly hair after it has gone to its grave.

      How many of us thought we would back with nostalgia at the reign of Baba Go Slow?

      • Gidi

        I couldn’t have said it better. Up till now, NNPC cannot still account for $10billion. Yet, all knives are out to get the whistle blower.

        In this case, I would encourage Gov Sanusi to stay and finish his tenure. If GEJ fire him, I would recommend APC to nominate him as their Presidential candidate. He is more credible than the entire PDP leadership, including President GEJ. He is well respected at home and abroad.

        • victoria

          Which abroad?Islamic states of Sudan,Yemen,Pakistan,Afghanistan,Iran,Tunisia etc This much touted APC is only popular on PT.and pages of newspapers.But for me he should be left to finish his tenure in March.

          • Tonnero

            They are only popular on the pages of newspapers but they now have majority in the house, recently swept all the council elections in Yobe state and 27 out of 30 house members in Sokoto state have moved to APC. Another person insisting on calling white black.

          • paul preston

            apc has become a dumping ground of sort,who are those decamping,are they still relevant in the scheme of things,Ameachi,Kwankwaso,Lamido,and co except Gov kwara,will be finnishing their 2nd term then what? the majority that apc is enjoying is just temporally let elections come we will see who is who,besides there is no guarantee that apc will make it through this year have you read the news coming out of Anambra does that gives you hope?Apc will die a natural death like acn,cpc etc,mark my words

          • DTaj

            Victoria, you are wrong and I align with Gidi. Don’t comment on what you don’t know. Without being immodest, I wish to state that I am a very senior (management) staff of one of our top banks and I dare say that Sanusi is well respected abroad (among leading investments analysts, Fund Managers, firms, brokers, book runners, multilateral financial agencies, development finance institutions, IMF, World Bank, etc). That is a statement of fact.
            Some of us have had very close interaction with Sanusi and I dare say the man is very intelligent, articulate, and an inspiring leader. People shoudl ask those who worked with him at UBA and First Bank and those wo work with him at the CBN now. Ignorant people can’t just sit behind their laptops to spread stupid comments and rumors.
            I’ve read load of comments from ignorant online commentators about Sanusi that it is beyond belief! The way my not being a lawyer would not enable me comment on the law, I don’t expect non-bankers (or those without any affinity with the financial services sector) to comment on issues bordering the Central Bank. You can’t comment on what you don’t know…
            Some fools even said Sanusi wasn’t qualified for the job! A man with first and Masters degrees in Economics! A man who was General Manager (GM) at UBA, Executive Director (ED) and later GMD/CEO at First Bank! Nigeria’s two foremost banks! Do some people think executive positions in banks are given like motor park touts?
            For those of us whose entire careers have been in banking (and who know about the economy), history would be kind to Sanusi as being the most positively impactful CBN Governor we have had in several years! That is the truth….And for the information of rabid tribalists, I am a Yoruba man from the South-West!!!

          • Gidi

            Thank you for enlightening the ignoramus that post on this forum. Like you, I have met the guy twice — at his office, during official engagement, and at Economic Forum hosted by Columbia University in New York. In my two encounter with the guy, I left impressed with his intellect.

            Sanusi, like many educated northerners I have come across, has a first grade intellect. He knows his stuff and well articulate. There are few public officials in Nigeria that can articulate and defend economic policy publicly. Frankly, I rate Sanusi and Soludo as the best CBN governor Nigeria ever produce. This is the reason why he is well respected at home and abroad among people that have brain, not the know nothing ignoramus.

        • listeningears

          You have said it all. We have become a confused people. Cant believe people are crucifying someone who dare challenge the govt and offices. Meanwhile those are what Nigerians pretend to want.

      • micky

        is sanusi being fired because the president does not like his ugly face? This is madness–this Yoruba heads should spare us some of these their regional brains–we dont need them–anymore-what is the business of APC with Sanusi’ They dont like jonathan but when he moves to fire his employers–who are not loyal to his brand name–they cry–because they are the moles them have in government–Besides why must Nigerians read meanings into every thing-that the government does? When Iwu was aske to quit- his job in INEC he hired Charly boy to sing his praise–now sanusi has within the last few days, resorted to using media consultants from the SS and APC to launder his rotten image-a man who tried to erode the confidence of investors in the nigerian economy, should be treated as a traitor-and therefore sacked or jailed-APCs regional sentiment apart

        • Almond

          @Micky, not one sensible argument in your post apart from blabbing on “regional sentiments”. Several scandals have rocked GEJ’s administration without any positive resolution to any. The imbecile is purely incapable of running this nation. Even if he has beef for SLS, he should first resolve the issue of unaccounted $10b before dealing with the whistleblower. But i guess losing $10b doesnt mean much to a dumbo like GEJ so long as he clings to power

        • Ikechukwu_67

          Where is 10.8 billion dollars micky?

          • Hateme

            In your father’s account

          • Muhammad

            Whenever someone’s defense is very weak and vague that person will naturally resort to abuse this is because there is nothing positive on his brain to contribute.Dumbo and his lieutenants can not open eye highly educated personality like SLS as he can look at anybody eyes and tell him the truth no matter the consequences.For we that are working in the banking industry we have the moral authority to praise his economical policies which led to outstanding banking reforms.Now Nigerians are much more confident in our Banks.He was able to dislodge cowboy bankers who knew nothing in banking all they were busy was milking shareholders funds dry and purchasing choice properties all over the world.

          • Hateme

            Did u say highly educated Mallam? Can u tell me which course did he do to obtain his Phd? because he went to ABU, and obtained his Phd in Arabic Studies from Sudan, u called him highly educated?

        • Kay Soyemi (Esq.)

          Micky, I don’t feel your response was well thought out.

          Apart from a sweeping abuse of other races, you erred in referring to SLS as GEJ.

          SLS, like GEJ, are employees of Nigerians as a collective. GEJ is not our master or boss, or whatever other nomenclature you may wish to imbue him with on that basis.

          A rational and thinking man would realise that unnecessarily causing a rumpus at the CBN now would have unpredictable repercussions on economic and investment decisions on Nigeria.

          But hey, why am I wasting time trying to explain all these to you when something tells me your post was meant to only take the Micky?

      • DTaj

        Thank you, Kay Soyemi, an informed mind. Razia Khan, well respected Economist with Standard Chartered whose opinions are regularly sought, said this morning that “the suggestion that a CBN Governor, any CBN Governor, is being ‘punished’ for demanding more transparency, sends a very negative signal to investors”. GEJ wants to cripple our economy before his departure. Doesn’t he have advisers? God help us!

      • Jidem

        Honestly, with all due respect to Gov Sanusi, he messed-up the NNPC remittance affair. It was and is still a scandal. In actual fact, it was aimed at the President, if you sincerely observed the chain of events.

        It was done in bad faith because he Sanusi, can take-up NNPC without referencing the President. We had no information, that he contacted the NNPC to account for the missing money and they refused. Such thing can trigger negative economic consequences. The worst of all, he wasn’t even sure of the figures and he later withdrew the statement.

        All the same, two wrongs can’t make a right. He should be allowed to finish his tenure as stated in the constitution. That’s the only way we can build good institutions. Forcing him to leave is not only undemocratic but will weaken the next central bank governor. A central bank governor must not be friendly to the ruling government but he must pursue his duties as a professional.

        On the part of the President and the National Assembly, it’s time to streamline the accounting procedure of NNPC to make it more transparent.

        • Ikechukwu_67

          Where is 10.8 billion dollars jidem? Forget all the grammar because if your money was involved you wouldn’t be writing long grammar. Where is the money?

    • DTaj

      Dan Baba, I disagree with you…Nothing has established that Sanusi leaked the letter. Remember that the letter was written in September, but got leaked in December! Officers at the Presidency had access to the letter, as well as those in the Federal Minsitry of Finance, etc. They could have leaked it…How plausible does it sound that a smart Sanusi would leak a letter directly to an Obasanjo, who everyone knows is a fox??? Haba, think now!

    • Doffi Atoshi

      Why then is the government shielding facts from the public?Money is missing from NNPC and you say Sanusi should keep quiet?
      We must remove the veil and see the transactions going on in NNPC.

  • Afam

    He can be removed by two-thirds of the Senate not the house of reps or the whole National assembly as stated by the you gullible and liars @Pt have said..Sanusi left his job to politics..He left Naira to suffer worst defeat since 2006.. Please this man should go…

    • Ikechukwu_67

      Afam, where is 10.8 billion dollars? Where is it? Kill sanusi if you like, but where is the money?

      • Abdulkareem A.

        Or the thieves are in their parlor sipping their coffee, but trying to fire SUNUSI. WHERE IS 10.8 BILLION DOLLARS not MILLION NAIRAS?????????

  • Kola Adekola

    Sanusi should be sacked by whatever means GEJ dreams of. It is mind boggling that the man did not resign himself from the shame of not knowing how money flowed in and out of CBN. The only has a federal character fueled bsc and a degree in sharia from Sudan, while even tiny countries have PhD’s manning their central banks.
    Embarrassing mediocrity..

    • OkoAbeni

      What do we now do to a man who suppressed fraud alert for three months and the fraudstars themselves.

      • Almond

        i guess we should tolerate the man that has continually turn a blind eye to the blatant looting of our national treasure and be pursuing personal vendettas against all our critics. This is exactly the reason this country is in shambles

        • Etomi

          Ok…I concede….But the money he stole is from proceeds from his father’s backyard!!!!!!!!!!

    • Abdulkareem A.

      Ok where is 10.8b $ forget the Islamic degree from where ever, produce the money b4 firing him simple, if not shot ur mouth, don’t be religious or tribal or even sectional bigot. Come on are you living in Mars or Jupiter?

  • growthengine

    Very little to say, but Sanusi has no leg to stand on, CBN is not his property, if his employer no longer needs him, it is ironic that he now runs back to the senators he accused of consuming 25% of our budget on salaries. I wish those senators will remember the insult and do the needful.

    • OkoAbeni

      Nigeria is SLS employer not the President hence he is being loyal to the Nigerian people and not some oil thieves.

      • Etomi

        In the law you made and gave your assent to, right?

    • Ikechukwu_67

      Growthengine, where is 10.8 billion dollars? Where??? If you guys think this thing would just go away, then you are wrong o !

  • Angryman

    Suspending someone at the 11th hour of his service will not be ideal unless under “unpardonable sin”
    If any damage would have been done it would already have
    I will recommend Mr Henry Boyo as the next CBN Governor
    Let us try his economic model
    I believe he is convinced about it’s efficacy
    I will implore the President to give him an audience

    • Etomi

      Henry Boyo?????
      Please!!!
      The job of a CBN governor is a serious business…
      Yar’Adua messed it up when he brought an Islamic scholar to head the CBN…
      What do we have in our hands today?
      A combative Mujahedin at the CBN….
      An inveterate hater of the south-south region….
      A man who saw his position as one meant for fighting people from the south, especially people of the south south region in a gambit to restructure his perceived imbalance between the north and south using his own sphere of influence CBN…
      He fought them to stand still in his so-called banking reforms of 2009, having orchestrated a fathom crisis in the banking sector, leading to the exit of many south south people from the industry, whilst he busied himself with imposing Islamic banking on Nigeria.
      Thanks, however, to a court of law that put a suck in his dastardly gambit…
      He contrived a retroactive banking law (retroactive laws, according to jurists generally from Lon Fuller to Hans Kelsen, etc, are bad in their very nature) that resulted in the exit of wizkid bankers from the SS, including Tony Elumelu, Jim, Ovia, etc, while forcing the likes of Cecilia Ibru, Sebastian Adigwe, Francis Atuche, Barth Ebong, etc out, hauling the EFCC after them!)
      A true son of his great, great, great grand father, the harbinger of Jihad and Islamism in this clime…
      Sanusi has never hidden the fact that he was never an ally of President Jonathan, albeit a critical part of his government!!!!!!!!!!!!!!!
      When Jonathan spoke of members of Boko Haram being in commanding heights by default in his government, Sanusi was a referent.
      He led the vanguard of those who advised the president to impose a January 1, 2012 hike of petrol pump price…a costly mistake of Jonathan’s presidency at the beginning…
      He contrived a N5000 single currency note, which was quickly shot down by the president when experts advised him against it, saying it was a ruinous booby trap being staged against his government by an indefatigable mole…
      Sanusi blamed GEJ for fueling the Boko Haram crisis by his continued payment of 13 % derivation to SS and SE states, speaking as it were for the Boko Haram to the effect that their fight was thus occasioned, as derivation was the cause of north’s impoverishment…
      Sanusi was not just a fifth columnist in Jonathan’s government, he was a suicide bomber in the sense of trying to destroy the government from within, being a critical part of the structure of governance….
      While serving under a PDP government, Sanusi gave N1billion to APC, according to Ernst and Young’s reent audit report on the apex bank!!!!!!!!!!
      In speaking to both foreign and local media, this jihadist was brazen in making statements that embarrassed Jonathan’s government to no end, and for the umpteenth time…
      In saner climes you do not attack a government of which you are part…
      On the contrary, you resign from that government, and attack it hence all you want…
      Sanusi has shown himself not to be part of of GEJ government, a constructive resignation from office; and yet when he is told to honorably tender his resignation, he refuses, waxing combative, daring the president…
      I am of the firm opinion that he’s among major sponsors of wanton killing of innocent people in the north by Boko Haram, going by his combative mien and Father Christmas antecedents…
      And the icing on the cake was a so-called private letter he wrote to GEJ containing figures exaggerated by 80% (an unpardonable sin for a CBN governor), which he leaked to the media, and copied OBJ, a sworn enemy of GEJ, of course with a view to inciting the public against Jonathan…
      No government anywhere in the world is run on the pages of news papers…
      The law even allows for classified things, meant to remain classified for the security of the state…
      Northern elements are making a huge mistake to think that since they won the war in 1970, it will be business as usual…
      The action of the CBN governor to remain his office at the displeasure of the president, while frontally an opponenet of the head of the governmment under which he’s serving, is mutinous and nihilistic in relation to the democratic ethos……

      • Angryman

        Sorry , you have not given us any reason why you are opposed to Mr Henry Boyo being the CBN Governor
        Is it based on his economic model or because you don’t know who he is

  • Mr Igbo Sanity

    APC should be ready to impeach this lawless Dumbo as soon as they attain majority in the house and the senate. Enough of this LAWLESSNESS!

    • Ette

      Let the continue with the madness so we know all their wicked thievings of our resources. Please fire SANUSI anyhow and let the music continue to play till this nation is fully sanitized. The corruption madness must stop one day. God bless Nigeria.

    • Hateme

      Let your father start the impeachment

  • Joseph

    SLS please leave these ogogoro drunkards and aborigine fishermen.

    • DTaj

      Joseph, don’t mind them…

      I’m waiting to read Sanusi’s memoir….Why do we sacrifice our best in this country on the altar of selfish personal interest? Sanusi was bold (as usual) to have brought a matter
      (NNPC’s opaque accounting system) to national limelight, a thing that is beneficial to the economy, and all he got is this threat of sack? This same man enabled us to reduce the overhead expenditure of the National Assembly when he blew the whistle!
      What a country!

      • listeningears

        You just proved to me that I am not insane afterall. I ask my self the same question too. What does Nigerians actually want? I thought they will be impressed that someone is very outspoken and fearless. It does not matter whether Sanusi came out with the right figure in accusing NNPC, what matters is the fact that he can challenge any office in Govt without fear or favour. Jeez! people

    • muazu

      watch your lips!

  • deri

    What intrigues is there-to worry about-because of Sanusi–the man called Sanusi has outlived his usefulness in CBN-And -APC has no moral right to back a man who has nothing upstairs to offer the nations baanking sector A man who often tries to bring 9ja down through some of his unguarded statements should never be allowed to spend a day longer in office-its time he goes quietly to take care of his female friends–the trouble with d Nigerian media is that, anything time someone is aksed to quit–they make themselves available to those who often hire them to reduce the president to nothing in the eyes of the world-The same press would now make itself available to be rented by the turncoats to help rebrand them for 9jas-then if GEJ refuses them will turn around to call the president a tribalist–Sanusi and tambwul both fulanis are the defacto presidents of Nigeria-the go tos in Nigerian politics-Sunis outdated banking methods are longer suitable for the nation–so he must go-the moles in government must be fished out and sacked–he can join APC in lagos or Katsina if he likes–but go he must period

    • Ikechukwu_67

      Where is the 10.8 billion dollars deri? Please where is the money?

  • Mammalo Guni

    SLS,has made his impact in our financial institutions.

  • Bala R

    Let them appoint Asari Dokubo as the new CBN Governor.

    • Lanre

      Nice one , or boyloaf can be the deputy governor. Hahaha.

    • Bishop

      High possibility! Lol!

  • Etomi

    The job of a CBN governor is a serious business…
    Yar’Adua messed it up when he brought an Islamic scholar to head the CBN…
    What do we have in our hands today?
    A combative Mujahedin at the CBN….
    An inveterate hater of the south-south region….
    A
    man who saw his position as one meant for fighting people from the
    south, especially people of the south south region in a gambit to
    restructure his perceived imbalance between the north and south using
    his own sphere of influence CBN…
    He fought them to stand still in
    his so-called banking reforms of 2009, having orchestrated a fathom
    crisis in the banking sector, leading to the exit of many south south
    people from the industry, whilst he busied himself with imposing Islamic
    banking on Nigeria.
    Thanks, however, to a court of law that put a suck in his dastardly gambit…
    He
    contrived a retroactive banking law (retroactive laws, according to
    jurists generally from Lon Fuller to Hans Kelsen, etc, are bad in their
    very nature) that resulted in the exit of wizkid bankers from the SS,
    including Tony Elumelu, Jim, Ovia, etc, while forcing the likes of
    Cecilia Ibru, Sebastian Adigwe, Francis Atuche, Barth Ebong, etc out,
    hauling the EFCC after them!)
    A true son of his great, great, great grand father, the harbinger of Jihad and Islamism in this clime…
    Sanusi
    has never hidden the fact that he was never an ally of President
    Jonathan, albeit a critical part of his government!!!!!!!!!!!!!!!
    When Jonathan spoke of members of Boko Haram being in commanding heights by default in his government, Sanusi was a referent.
    He
    led the vanguard of those who advised the president to impose a January
    1, 2012 hike of petrol pump price…a costly mistake of Jonathan’s
    presidency at the beginning…
    He contrived a N5000 single currency
    note, which was quickly shot down by the president when experts advised
    him against it, saying it was a ruinous booby trap being staged against
    his government by an indefatigable mole…
    Sanusi blamed GEJ for
    fueling the Boko Haram crisis by his continued payment of 13 %
    derivation to SS and SE states, speaking as it were for the Boko Haram
    to the effect that their fight was thus occasioned, as derivation was
    the cause of north’s impoverishment…
    Sanusi was not just a fifth
    columnist in Jonathan’s government, he was a suicide bomber in the sense
    of trying to destroy the government from within, being a critical part
    of the structure of governance….
    While serving under a PDP
    government, Sanusi gave N1billion to APC, according to Ernst and Young’s
    reent audit report on the apex bank!!!!!!!!!!
    In speaking to both
    foreign and local media, this jihadist was brazen in making statements
    that embarrassed Jonathan’s government to no end, and for the umpteenth
    time…
    In saner climes you do not attack a government of which you are part…
    On the contrary, you resign from that government, and attack it hence all you want…
    Sanusi
    has shown himself not to be part of of GEJ government, a constructive
    resignation from office; and yet when he is told to honorably tender his
    resignation, he refuses, waxing combative, daring the president…
    I
    am of the firm opinion that he’s among major sponsors of wanton killing
    of innocent people in the north by Boko Haram, going by his combative
    mien and Father Christmas antecedents…
    And the icing on the cake
    was a so-called private letter he wrote to GEJ containing figures
    exaggerated by 80% (an unpardonable sin for a CBN governor), which he
    leaked to the media, and copied OBJ, a sworn enemy of GEJ, of course
    with a view to inciting the public against Jonathan…
    No government anywhere in the world is run on the pages of news papers…
    The law even allows for classified things, meant to remain classified for the security of the state…
    Northern elements are making a huge mistake to think that since they won the war in 1970, it will be business as usual…
    The
    action of the CBN governor to remain his office at the displeasure of
    the president, while frontally an opponenet of the head of the
    governmment under which he’s serving, is mutinous and nihilistic in
    relation to the democratic ethos……

    • DTaj

      Etomi, everythng you’ve said here are ALL LIES and from a depraved mind of a tribalist! I work in one of our foremost banks at a very senior (management) position. Whatever you ignorant tribalists say, history would be kind to Sanusi. He’s the most positively impactful CBN Governor we’ve had in years! That is the truth. That is the view of the vast majority of professionals in the financial serivces sector, and not some tribal clowns like you and your ilk!

      Sanusi is well respected abroad (among leading investments analysts, Fund Managers,
      firms, brokers, book runners, multilateral financial agencies, development
      finance institutions, IMF, World Bank, etc). That is a statement of fact.
      I’m waiting to read Sanusi’s memoir….Why do we sacrifice our best in this country on the altar of selfish personal interest? Sanusi was bold (as usual) to have brought a matter (NNPC’s opaque accounting system) to national limelight, a thing that is beneficial to the economy, and all he got is this threat of sack? This same man enabled us to reduce the overhead expenditure of the National Assembly when he blew the whistle! What a country!

      • Doffi Atoshi

        Straight and good talk!

      • concernednigerian

        Its ‘lies’ to you because of your inability to comprehend one half of what was being conveyed. Would obj have tolerated a jihadist Central Bank Governor like Sanusi? What was Sanusi’s qualification for the position beyond a degree in Islamic Law from Sudan? How many publications has Sanusi on Banking or Economics? Let sleeping dog lie.

        • DTaj

          You must be so daft to imagine that I have an ‘inability to comprehend one half of what was being conveyed’. Low-life people like you, bereft of ideas and sound argument, who have not achieved anything in life resort to insults to drive home their points.

          With all due respect, and without being immodest, your entire lineage cannot match my achievements!

          Sanusi had a first degree and Masters degree in Economics well before his Islamic Studeis degree in Sudan. He was a General Manager (GM) at UBA, and later Executive Director (ED) and GMD/CEO at First Bank, frow where he was appointed as CBN Governor. UBA and First Bank are Nigeria’s leading banks and no one can attain executive positions (GM, ED, and GMD/CEO) there without having a strong capacity, high competence, and strong leadership. In banking, all over the world, we don’t appoint our executives like touts do in motor park!

          You’re all being blinded by tribalism and religious bigotry. I pity your entire lineage…I’m Yoruba but truth is constant. Sanusi is a Northern Muslim, but I deal with human beings based on their competence and personality and not on their tribe and/or religion!!!

          I have had my entire career, spanning over 20 years, in banking and when some of us discuss our indurstry and the economy, nincompoops like you should shut up!

          • concernednigerian

            You’re Yoruba? Do you know whom I am? Are you saying all Yorubas are brilliant? How come Obj failed qualifying exam into Sandhurst or are you saying he is not Yoruba? You have spent a mere twenty years in your profession and with what qualifications and how did you get into that profession? You dismissed a well articulated view from a contributor who by his output has proven to be well above your station both in life as well as in terms of intellectual capability. You claimed that Sanusi obtained an intermediate degree beside the sharia degree. Where did that come from and how many publications has Sanusi had to his name? By the way where did you receive your education and how many publications do you have to your credit? For your information, there are no letters beside my name that did not emanate from the British academic environment and all from ancient universities. Refer me to just a single scholarly publication of yours and I promise to reveal my identify on line and let us see whether the five fingers are equal..

          • Gideon Orkar

            You for one of the leading banks…I work for the best. You have spent 20 yrs there…I have spent over 21 yrs at mine. I an be anything in cyberspace. Goat washer go away now….

      • Gideon Orkar

        He is a respected Islamic scholar and not banker

        • DTaj

          Gideon Orkar, no serious person would waste time to respond to you; we all know you lap up anything PDP! You’re ignorant. Google up Sanusi’s profile; it’s open…

          • Gideon Orkar

            I have and wrote this earlier…

            Lets look previous occupants of the CBN and see how your imam or Ado Bayero wanna be compares

            Mallam Aliyu Mai-Bornu: First indigenous CBN Gov from Bornu. He was a teacher and was made Dep CBN Gov just 6 years after studying Economics and with no proven background in finance or economics

            Clement Isong: Had PhD from Havard. Was econ9omics teacher at UI and worked as an Adviser at IMF before been appointed as CBN Gov

            Adamu Ciroma: No discernible academic or industry qualifications. Okay he had BA History

            Ola Vincent: Sudied economics
            and taught at UI and started working in finance from 1959. Joined CBN in 1963, left and became VP OF African Development Bank. Returned to CBN in 1973 and was made Gov in 1977. 18 years after he started working in finance

            Abdulkadir Ahmed: No industry experience.Graduated 1972 was made
            commissioner of Finance in Bauchi in 1976 and in 1977 was appointed Dep Gov CBN JUST 5 YEARS AFTER graduating South West London College.

            Paul Ogwuma: graduated in 1962. Worked as an accountant in London from 1966. Became CBN Gov in 1993, that is 31 years after graduating!

            Joseph Oladele Sanusi:
            Graduated in 1965,, joined CBN IN 1966 and became Gov in 1999, that is 34 years after graduating!

            Dr Soludo: Graduated with 1st
            class in 1984. Worked at IMF, the University of Cambridge, the Brookings Institution, the University of Warwick and the University of Oxford and a visiting professor at Swarthmore College (USA). He has also worked as a consultant for a number of international organizations, including The World Bank, the United Nations Economic Commission for Africa, and the United Nations Development Programme. He became Gov 20 years after graduating

            Sanusi Lamido: studied
            Islamic studies from Sudan, wrote mostly for Gamji, a Hausa blog, about Sharia, worked at Ministry of foreign affairs and was made CBN GOV 10 YEARS after joining the banking industry

            As far as illiterate goat washers like you are concerned. Sanusi is the best. You are right in the sense that he is better than all the previous abokis but far inferior to Southerners who had occupied that position. There are more professors on a street in Ekiti than the whole of Hausa land!

          • NAA

            Your profile about SLS is of course clearly wrong. I know him personally.He graduated Economics ABU in 1981.He worked in ICON Merchant Bank and was in the late 1980s Branch Manager kano with Tayo Aderinokun Branch Manager Continental Merchant Bank Kano too.I now he was a General Manager with UBA after Bello Osagie bought the Bank. In 1999 or so he was asked to publicly apologise to a State Governor or lose thei accounts. He resigned! He went back to school and came back as ED in First Bank Plc(privatised) in charge of Risks moved up as MD of First Bank Plc before being appointed Governor! People like Soludo had NO banking experience.Just check CBN website and see his credentials

          • Morounkeji Odueke

            Don’t mind gideon orkar. Did you notice he only listed the qualifications of past CBN governors from SS and SE? He is a bigot not only on this platform but also on vanguard. As a lay man, I know that because of Sanusi’s policies, my cheques now clear within 48 hours and I don’t have to look for my banks atm to make withdrawals, I can withdraw at any atm for free. However Sanusi’s mouth runs like a tap. I recently read his write up about Yorubas being Nigerias problem and do you think I would be comfortable with that kind of person? Of course not because he has written my entire tribe off. He didn’t say Yoruba politicians o he said ‘Yorubas’. As an adult he should learn to watch his mouth and talk less. His big mouth is his biggest problem

          • Sauna Wowo

            I hope all those Southerners you mentioned above did not purchase those qualifications from the same black market Ms Oduah got hers. And what was there performance rating as CBN Governors? Medicre. Below that. Downright poor. And next time do not mislead the public. Sanusi never used his Islamic certificate for any job, ever. He read Islam to know his religion not to feed by it.

        • esaulogbon

          I think you are a liar. All his international awards have been in banking. Though I am against Sanusi for his notorious agenda to frustrate the southern bank owners, but I think the circumstance surrounding his being forced to resign is an ominous sign that this government is a fraudulent government.

          • Gideon Orkar

            which of the previous Govs, apart from the Northern ones,, is Sanusi more qualified than? I am waiting

          • NAA

            Soludo!

          • esaulogbon

            Then why did your representatives unanimously approved his appointment? Or since he is not qualified, why wait till now before asking him to resign?

          • Gideon Orkar

            Sir that was not the question. I simply asked which of his predecessors is he more qualified than? Look at the list I complied and you would find that Northerners have lower standards than others. Would He have become CBN gov if he was a Yoruba or Ibo man?

          • esaulogbon

            He is far better than Prof Soludo. Are you now satisfied?

          • Gideon Orkar

            “Qualified” is the key word here

    • DTaj

      Etomi, tribal warlord, if you know what some of us know about your heroes who were sacked from their positions: Cecilia Ibru, Sebastian Adigwe, Francis Atuche, Barth Ebong, etc, aside from the public knowledge of their looting spree in those banks, you would eat your words!
      On the simple plane, just speak with senior officers in those banks- Oceanic, Finbank, BankPHB, etc and hear their tales of woe!
      I’m a management staff in a bank and I know what I’m saying. Don’t defend rogue former CEOs of banks just because they belong to your tribe!!! It is this tribalism nonsense that got us to where we are as a nation! Quit tribal and religious hatred!

      • Kay Soyemi (Esq.)

        DTaj,

        I am tempted to laugh out loud at your outburst, not because I find it amusing but because I am surprised you are allowing tribal bigots to get under your skin. Were it not for the seriousness of the matter at hand….

        Nigerians, on public forums like this, have a penchant for viewing every discussion from either tribal or religious slants rather than countering your positions with sound and well reasoned positions.

        It is of no use getting angry with the typical response, albeit, it is a very human trait to get angry with adults who refuse to reason rationally.

        Just chill out and have a great weekend instead.

      • Etomi

        Guy, I not only follow the trial of these people, I almost always am in court during the proceedings.

        Apart from Cecilia Ibru, who pleaded guilty, and enacted a plea bargain with the EFCC, which of these bank chiefs have been convicted of the allegations preferred against them by the anti-graft agency? Tell me?

        Who says that their property holdings are simply proceeds from thievery?

        It is only a simpleton that will argue that these guys where not rich enough to own such property, after-all they rose not only to become chief executives of their banks, they became the owners of the banks, which were multi-billion dollar institutions.

        They also had non-banking interests, both home and abroad.

        That is the crux of the matter: Ownership of those banks..

        The EFCC charges against most of the bank chiefs were 1. capital market manipulation in relation to their banks and 2. the the fact that they used companies furtively belonging to them to acquire unsecured loans for these companies, which they re-plowed back into the banks for the purchase of majority shares of their banks; and became their owners.

        If they are rogues, let the courts finally declare them as such…not you!!!!

    • Joseph

      Etomi the Islamic scholar is far far better than the ogogoro drunk who has been missing important functions in AU and UN due to hangover. I suppose this ogogoro drunkard represents Christian scholars, and I wonder if you are an agent of these thieves…

    • Sauna Wowo

      Etiomi, you are a big fool. Is it a lie that funds are being diverted at the NNPC? Even if NNPC is able to explain away the difference between $10b and $49b shall Nigerians lose their right to the unexplained $10b. Is the truth a native or monopoly of southern Nigeria? Nigerians should be thanking SLS for exposing the fraud rather than crucify him. Are you part of the cabal? Do you think by enmeshing the issue in a labyrinth of fallacious historical narration, you can make the awakened and enlightened people of this great nation of our lose focus? Nay, Bog Fool, nay! Nigeria is not the exclusive property of the SE & SS that the Oduahs and the Madukwes can do as they please and go scot free. They must be dealt with, sooner or later. They must be brought to book.

    • Ubanka

      You know what?You just exposed your narrow and petty self.No sane person can condescend this low to condone the kind of corruption going on under this govt. Sinusitis is the best that has happen to the CBN.

  • Es3

    Nigerians, read the true position on the issue below and ignore the rabble-rousing junk journalsm newspapers publications carried by others:
    ——————————————————————————————————————-

    Quote: “When Daily Trust contacted him on the matter, the CBN governor said all
    issues between him and the Presidency have been resolved and he will
    continue to work together with the President whose office he respects,
    even as he looks forward to a smooth handover to his successor in June.

    “Sometimes these things happen but are resolved quickly and I have the highest respect for the office of Mr President,” he said.
    “I
    look forward to a smooth hand over and the President and I will work
    together to ensure that whoever he appoints to succeed me inherits the
    robust system we have worked to ensure in the last few years.”

    The
    CBN governor did not want to be drawn into a discussion on what one
    newspaper reported yesterday as heated telephone conversation with
    President Jonathan.
    He, however, said what he had was a face-to-face
    meeting but he had no discussion with the President on the need for any
    pre-retirement leave”.

  • PEOPLE

    SANUSI IS NOT A BANKER. HE WITCH HOT SOME BANK DIRECTORS AND GOD IS WORKING ON SANUSI NOW. SANUSI IS ANTI GEJ. HE IS WORKING FOR THE NORTHERNERS

  • The Government needs to apply some kind of finesse in its actions. When Sanusi was busy shutting down Oceanic Bank and allowing kid Access bank purchase the almighty Intercontinental, despite the formers MD’s over N16billion debt to the latter, he was right then. Sanusi caused Jonathan more economic harm than good by creating more unemployment and poverty in the South and Nationwide through hate induced monetary policies. This could have caused more Boko Haram as most itinerant Mallams could not get Jobs in the South and had to relocate back.

  • The position of a CBN Governor, like the US Federal Reserve bank is not for bankers who have been trained in the school and art of cutting corners to favour their constituency. It is for accomplished Economists like Professor Soludo who can build on a vibrant economic model with the masses in mind. OBJ’s major economic accomplishments can be traced to the positive synergy between Professor Soludo and the Harvard trained Okonjo Iweala. About 70% of GEJ’s economic problems (Poverty, unemployment, crime etc) could be traced to Sanusi with his hate induced monetary policies which practically paralysed economic activities in the South. I will plead with GEJ to bring Soludo back for just 6months on an acting basis and see the tide of change in his 2015 election hopes.

  • The position of a CBN Governor, like the US Federal Reserve bank is not for bankers who have been trained in the school and art of cutting corners to favour their constituency. It is for accomplished Economists like Professor Soludo who can build on a vibrant economic model with the masses in mind. OBJ’s major economic accomplishments can be traced to the positive synergy between Professor Soludo and the Harvard trained Okonjo Iweala. About 70% of GEJ’s economic problems (Poverty, unemployment, crime etc) could be traced to Sanusi with his hate induced monetary policies which practically paralysed economic activities in the South. I will plead with GEJ to bring Soludo back for just 6months on an acting basis and see the tide of change in his 2015 election hopes.

    • Ikechukwu_67

      Where is 10.8 billion dollars my friend? Show us where the money is embedded. Where? Let your harvard PHD guru like okonjo iweala tell us where to get the money?

      • Sorry am not a GEJ apologetic, the Harvard guru is not an Accountant. NNPC in their warped thought surmised that the fund had been spent in 2007 but only manifested when earned in 2012. In other words, the funds disappeared 5years before it was earned in 2012. What a country of Jesters.
        Sanusi excelled relatively with the numerous innovations he introduced into banking. He was abreast of the facts but for his initial hate actions against Intercontinental, Oceanic, Bank PHB, Sanusi would have been our man friday. Erastus, Mrs Ibru and others could have been removed and prosecuted without necessarily bringing down the banks. The negative effects on jobs and the national economy are unimaginable.

      • tiger

        It is in your Ass

  • John

    Kick that scum out of the CBN now!

    • Dan maikoko

      Seconded! Going by the character of the people around GEJ SLS just does not fit in that crowd. The highly educated “princess” Oduah, Abati, Okupe, FCT minister Bala, The general of Generals Ihejirike and the caring and generous Patience… The earlier GEJ kicked SLS out the better for SLS’s future political carrier.

      • Kay Soyemi (Esq.)

        Dan maikoko.

        You response is so exquisite!

        Brilliant counter!!

        Yes, let’s kick out SLS for running with the depraved crowd!!!

        Oya.

  • Afam

    The Kind of people that manage our CBN and Economy..Sorry Nigeria..

    Mallam Sanusi Lamido Sanusi (born 31 July 1961) was appointed Governor of the Central Bank of Nigeria on 3 June 2009.Sanusi graduated from King’s College Lagos in 1977 and studied at Ahmadu Bello University (ABU), Zaria earning a BSc in Economics in 1981. He then taught economics at ABU from 1983 to 1985. Sanusi obtained a degree in Sharia and Islamic Studies from the African International University in Khartoum, Sudan.

    And what is he doing at Apex bank of the country? Introducing vodo policies..

    I guess Sanusi supposed to be our own version of Ben Bernanke?..Your guess is as good as mine..

    • Etomi

      While its takes a southerner the acquisition of a PhD to occupy the office of CBN governor; all it takes for a northerner to hold the same position is a common, ordinary, banal, threadbare, hackneyed, simple BSc. A certificate in Islamic studies is an added advantage….What a sick nation!!!!!!!

  • Oleku

    Yes Sanusi should go with his Islamic ideas–every moles and distractors of the present administration transformational agenda must be ousted–enough is enough

  • esaulogbon

    Whereas those who stole the billions are not asked to resign, the man who bursted the looting is being asked to resign… Jonathan indeed is a godfather of fraud. Anyway, expect an igbo man to replace Sanusi. Igbos are very good at dirty jobs.

  • paul preston

    whether Sanusi realise it or not he has lost credibility,a Central bank governor has all info relating to finances in any given country.Sanusi allowed himself to be set up by those who prodded him to publish that falsehood he should have done a double check before putting pen to paper.
    From this premise it could be implied that he acted from false info when he sacked the CEOs of the banks he destroyed.And the irony of it all is that he is being celebrated.
    I pray he will be courageous enough to tell us the truth about this misdemeaneur when he choses to write his memoirs

    • Ikechukwu_67

      Where is the 10.8 billion dollars paul? Where is it? You can kill sanusi if you like but where is the money?

      • tiger

        It is in ur. Ass

      • paul preston

        read todays paper vanguard,NNPC have explain that,nobody wants Sanusi dead even though that is how apc thinks(boko haram),it is about time we believe in integrity,a man of Sanusi’s calibre cannot afford to write falsehood

        • Ikechukwu_67

          If you believe that mombo jombo gist of NNPC then you should believe that obama is the president of north korea.10.8 billion dollar was picked and used by nnpc just the ways (nnpc) liked, without the knowledge of even the finance minister, yet you’re writing this!!10.8 billion dollars just got spent anyhow!!! It took the leakage (in December) a letter sanusi wrote (in september ) for this to come out. Mind you the person who announced that the money hadn’t been seen was ngozi okonjo iweala with the CBN governor by her side. I didn’t see these individuals with the accused (nnpc officials) when they were reeling out their bogus figures. Where is the 10.8 billion dollars? Nnpc can only answer this with independent auditing from a neutral body.This is the only reasonable thing to do in the light of nnpc’s total lack of accountability

          • paul preston

            let the auditing be done,but NNPC have made their explanation,they did not cover up

          • Ikechukwu_67

            That wasn’t an explanation. I believe you’re reasonable enough to understand that what they gave as explanation was an insult to the intelligence of nigerians. They just had to say something as the heat was on.where is 10.8 billion dollars? Right now nnpc has lost the credibility.This cover up would not work.If you feel 10.8 billion dollars could just be explained in such flippant manner, then better rethink. Nnpc present officials would not get away with this I assure you.

          • paul preston

            they gave details anybody who si not satisfied can take them to court even Sanusi is free to sue them

          • Ikechukwu_67

            May it happen to your personal money and business.If you believe in nnpc’s statement please say Amen as this shouldn’t be an insult to you.may your business and finance be handled the way nnpc is managing nigeria business and finance. I just need Amen from you.

          • paul preston

            I do not steal or waste govt money like Sanusi,only to write falsehood so that is not tenable

          • Ikechukwu_67

            I’m in agreement with you that’s the reason I need amen from you.Nnpc is saying the truth abi? Since your answer is yes.Then say amen to my prayers now.This should be easy now.I tire o!! Once a nigerian personal money is involved, grammar go set in…Abeg say amen!!!!

          • paul preston

            I repeat it does not suffice here,thanks for keeping abuse out of this

          • Ikechukwu_67

            You know what I know that nnpc is a fraud enterprise. You know that nnpc personifies criminal entity where what actually comes in is never revealed.You know you can never say amen to that prayer.You know you can never do so.

  • Austine

    Sanusi trained as a jihadist in Khatourm Sudan. his first degree was in Islamic studies. how he found himself into the banking industry really baffles me. It was until the 90’s that he went to Uk to get a relevant degree by then he had gone far in the banking world. I wonder what a jihadist would offer in a free state like Nigeria?

    • Oloyede

      This kind of boring comment in this jet age! God, have mercy.

  • Austine

    APC is NOT the solution Nigerians need. What we need is good leadership and NOt political prostitutes who are busy running from one party to the other looking for greener pastures. I wonder if APC is not really PDP in a new skin. Practically, the same killers, election riggers and thugs all from PDP have all defected to APC I wonder if the title APC really have brought a repentance in them. But we all know that, “The hood doesn’t make the monk”

  • ann

    APC is NOT the solution Nigerians need. What we need is good leadership and NOT political prostitutes who are busy running from one party to the other looking for greener pastures. I wonder if APC is not really PDP in a new skin. Practically, the same killers, election riggers and thugs all from PDP have all defected to APC I wonder if the title APC really have brought a repentance in them. But we all know that, “The hood doesn’t make the monk”

    • Oloyede

      Are you exempted from forming your own party? Nigeria needs smart Alec like you. Pls, be the change you are clamoring for.

  • ihiala

    10.8 billion dollars!
    am surprised Nigerians are not rioting yet.

  • vincentumenyiora

    TALKING ABOUT Lamido sanusi’s imprudence where is that Oath of Office which not only stipulates but anticipates that public office holders should always display comportment, decorum/ trust and confidenciality in all that they do whilst in the service – even after they left office! I mean no where in Europe that a pbublic officer holder in Sanusi’s rank can be accepted to behave in such an irresponsible manner and still remain on his seat as the CBN Governor whatever is his grevance! Under normal circumstances, if such public officer is so much hut and derided they usually tender their resignation to prove their metle, intergrity and proficiancy! He appears to have adopted exactly what OBJ has done, showing a brazen disrespect for the office of the President and your Constitution and the NSS members appear to condone all these effusions in Nigeria, tells how the state of your consitutional affairs in Nigeria is very flawed! Signifies that my observation about dogs-in-the-manger and a ‘haven’ arrangement for Nigeria! That they are in both the politics and the public service ‘on cross purposes’ not sincerely commited for the growth of the country as such! It is therefore, part reason for that ‘National Orientation’ I proposed for IBB early enough in 1992 so as to take charge of this kind of psyches in the set ups across the board!

    [Said he: “Sometimes the President needs to exercise his powers. This time around, even though the President won’t bite anybody, he needs to show his teeth and perhaps bite. “
    ”Falsehood is not acceptable. The present case won’t affect the economy.
    Even though Sanusi insisted that $10 billion of the sum NNPC ought to have paid into the federation account is still missing, the difference between approximately $50 billion and $10 billion is like the difference between night and day. My position is that his later admission that it was a mistake and now said it was only $10 billion is like the action of a sinking man who is ready to hold on to any straw to prevent him from going under” he said.]
    You see, that is what I said (mean) in that ‘mekwantancy theory’ about Nigeria – Nigeria ekwen’meta! Also that Nigeria is almost in a QUANDARY afflicting even the most educated ones in the country, folks! I am just thinking would Sanusi make (raise) that false alarm if we had a seating Northern President and rather than show remourse he claims that the President can do him nothing and that he will remain where he is until June and we are all educated and looking for ways to organise Nigeria’s public office holders and the politicians to appear matured and principled in their ways! Whatever is his aim and or objective, he cannot do this in any European country – a government functionary to raise false alarm about the government he is serving rather then plead for forgiveness he says he’ll still remain in office! They are all playing to the gallery in Nigeria, folks!

    In all of that effusions I said earlier, that solutions for what might have prompted him to act in the mannar had been supplied and to see him act in this way after OBJ’s open letter suggests to an observer of Nigeria’s politics – there is an obvious conspiracy and envy in the air, folks, possibly about the success story to come this year about this administration in energy, highways, transportation, railways, women in office, agriculture, etc, etc – they have never seen it (affairs of Nigeria) so organised hitherto/ before this time, folks! The more worrying to them being that a lot more will be said this year about Jonathan’s administration by way of successes! Think about the 30 year olds in Nigeria: How many of you know that Nigeria once had trains and railway runing and we hear that there are no more queues in filling stations and the sometime stupendous long ‘tailbacks’ of vehicles on highways experienced during Christmas (festive) seasons is no more! They appear to be now hired by the oppositions in APC to throw brick bats on the administration!

    I’ll do something about those who left PDP in line with the Constitutional provision – they can’t just eat their cakes and still want (hope/ expect) to have them! About time somebody advised you people correctly on this matter, folks! Like I said last week, we appear now to be in the position of that girl-child on a playing field with her mates in the game of staccato – She goes on with her mates in that their palyful manner: ‘I pass here No way, and I pass here No, I pass here, there must be way!’ This is what it appears we are doing now in Nigeria – if is does not go perhaps was will! It seems we have approach in Nigeria, the Joseph and his brothers (Gen. 37: 3-4; Gen 39 & 40, 42.-47and David v Goliath situation (1Sa.17); (2Sa1. 5; 1-4) all indicating that the opposition (now including OBJ and Fani Kayode) want to stall what Dr. Jonathan’s administration is doing for Nigerians! My take on all of it is for Nigerians to BEWARE and remain undaunted so that we can see what is happening! Jonathan’s administration may well be the Bench Mark/ Yardstick for Nigerian political leadership, at end of the Day! This is what I think (suspect) the critics do not want to happen, folks! Ili wan’n bachawu fa – kankamba ne aboki na!

  • Etomi

    The sharp edge of the wedge is set to collapse in Sanusi
    Lamido Sanusi’s neck any time soon, and he knows it.

    Nemesis is about to catch up with this jihadist, and the presentiments are
    banging in his head like an inconsolable hammer.

    So, he contrives to play to the gallery, passing himself as the best thing to
    happen to Nigeria’s banking sector, for which he, the Messiah, is about to be
    sacrificed like common sallah ram.

    Sanusi’s imminent travails, which has long been predicted is lurking in the
    corner, hence he contrives playing the victim, the one being needlessly
    persecuted by “vested interests,” just for being a knight in the shining
    armor.

    But whether he welcomes the inevitable or not, breeze don blow, and fowl yantsh
    don open.

    This sly and devious mullah has long been playing politics with the office of
    CBN governor.

    So garrulous, loquacious and glib, never has a CBN governor cut the impression
    of a politician in campaign mode like Sanusi.

    Riding on charges that the bank chiefs were corrupt–of course taking advantage
    of the hefty malfeasance in the banking system–he intuited an avenue to foist
    an agenda of transforming the country’s economy and banking sector after the
    Malaysian/Islamic model.

    To many watchers, Sanusi intended handing over the country’s banks, nay
    economy, to Muslims in the guise of a banking reform, as the latter went pari
    pasu with his determined drive to impose Islamic banking on the country.

    The courts stopped him in his tracks, anyway.

    Please someone should explain why Sanusi stridently pursued Islamic banking in
    Nigeria while contemporaneously seizing the banks and hounding their executives
    with EFCC.

    In his desperation, he used money not appropriated (about N650 billion) by the
    National Assembly (which clearly was an unconstitutional, illegal, move) to
    snatch up those banks in the pretext of bailing them out of crisis.

    I ask: was there any scientific cause and effect correlation between the
    alleged thievery of the bank chiefs and Sanusi’s charge that the banks were in
    terminal crisis requiring his precipitous intervention?

    Can we surmise with good reasons that Sanusi, an Islamic scholar, only executed
    some jihadist FITNA in the banking system in 2009, with the intention to
    orchestrate a non-existent crisis of the monumental proportion he painted, so
    as to have basis to intervene in the sector for his pet agenda?

    Would one be asking too much that Sanusi’s Gestapo-like banking reforms of 2009
    should be probed

    The excesses of Sanusi was not lost on the National Assembly when in 2012,
    serious moves were made by the National Assembly to institute reforms in
    respect of the CBN Act just because of Sanusi, just because it became
    imperative to whittle down the abuse of power that was so haughtily displayed
    by the power-monger, a man lost in his tyrannical and extreme tendencies.

    The then proposed reform on the CBN Act was also targeted at reining in the
    lack of accountability that marked the expenditure pattern of the CBN under
    Sanusi.

    The fact that Sanusi was a petulant spendthrift was not lost on the parliament
    as they watched with bated breath as this “CBN governor” waxed Father
    Christmas at every occasion, which observers read as some strategic
    PR/political gambit.

    It was an open secret that Sanusi’s CBN spent a fortune on PR firms, both local
    and international, as he went on and on buying up media houses with patronage
    just to push his position in respect of his 2009 banking reforms, drowning
    critical probe by the move, thereby promoting the ruse that it was a
    conscientious and well-meaning interventionist move, meant to protect the poor
    market man and woman from their oppressors–the bank chiefs.

    Sanusi had a genius for waxing populist like a politician at every given
    opportunity.

    Using the bank chiefs as scapegoats, always brandishing their thievery as
    justifying his intervention, this necromancer, this Aleister Crowley protege,
    has nearly succeeded in convincing Nigerians that there weren’t any political
    agenda to his reforms.

    Today, however, Sanusi is one of Nigeria’s riches bankers, indeed by far richer
    that all the banking chiefs this pot that calls kettle black hounded with EFCC
    for thievery.

    The recent audit of the CBN by Ernst and Young’s did well in exposing this
    hypocrite for the chameleon he is.

    E&Y audit revealed, among other sordid epiphany, that while as yet serving
    under a PDP government, Sanusi was sponsoring opposition APC to the tune of N1
    billion.

    How horrible could a CBN governor be?????????????

    Who needs more proof that all we had in CBN as a governor was a politician, nay
    a treacherous quisling?

    At other times the CBN governor Sanusi was a Boko Haram spokesman, saying the
    evil Islamist sect were on their killing facility owing to the 13% derivation
    formula accruing to SS & SE states, which, according to him, has left the
    north the most impoverished part of Nigeria.

    Quote me any where: Sanusi’s banking reforms of 2009 is at the bottom of the
    economic woes which the country is grappling with today, and which the country
    will continue to contend with in many years to come.

    The reforms of this heartless man flung many Nigerians into unemployment from
    which many have yet to recover, as the economy took an irremediably dive southwards.

    Indeed the last has not been heard about Sanusi’s Gestapo-like banking reforms.

    We expect a diligent government to rise to the occasion and probe Sanusi.

    This pot (Sanusi) deserves the treatment he meted out on the kettles (Cecilia
    Ibru, Okey Nwosu, Sabastian Adigwe, Francis Atuche, Rarth Ebong, Erastus
    Akingbola, etc) he called black.

  • Samuel Kayode

    Don’t mind these uncultured civilians who have never been privileged in their lives to experience good governance. If Sanusi has allowed their monies in banks – squandered and permanently embezzled by the cabals of banking and private sector, they won’t be talking trash against Sanusi. It is this same SANUSI that saved your monies from being lost into thin air of failed banking industry – he doggedly fought the juggernauts that owe banks and refused to pay – for your meager savings to be safe….Don’t be ungrateful to SANUSI!!!!