Suspended CBN Governor, Sanusi, away on official assignment; may be arrested on arrival

CBN Governor, Lamido Sanusi

Nigeria’s Central Bank Governor, Sanusi Lamido Sanusi, who has just been suspended with immediate effect by President Goodluck Jonathan, has been away on official assignment to Niger and might be arrested on arrival at the airport, PREMIUM TIMES  can report.

Usually reliable security sources say there are already plans to arrest Mr. Sanusi, when he arrives back at the airport in Abuja, in a bid to stop him from contesting or challenging the presidential directive to stay away from his office.

The governor was suspended in absentia, while attending a three-day meeting of the West African Central Bank Governors.

Our sources say the embattled governor has been hinted by administration insiders, and has now changed his travel plans.

He will now land in Lagos instead of Abuja.

In Lagos, Mr. Sanusi’s associates and friends, led by a former Minister of the Federal Capital Territory, Nasir El-Rufai, are organising to receive him at the airport and block any attempt to arrest him.

Our sources at the Central Bank said Mr. Sanusi is also in company of other Central Bank Officials, including Sarah Alade, the highest ranking Deputy Governor of the regulatory body, whom the president ordered he hands over to.

The Nigeria police as well as well as the Department of State Services, DSS, are yet to comment on the plans to arrest Mr. Sanusi.

The spokesperson of the police, Frank Mba, is said to be in a meeting when our reporter called his office while Marilyn Ogar of the DSS said she was keeping a doctor’s appointment.

Earlier today, the President ordered the immediate suspension of Mr. Sanusi from office, saying his tenure had been characterized by various acts of financial recklessness and misconduct inconsistent with the administration’s vision of a Central Bank propelled by the core values of focused economic management, prudence, transparency and financial discipline.

However, many Nigerians believe the CBN governor was axed because he exposed the Nigerian National Petroleum Corporation, NNPC, as an harbinger of corruption and financial mismanagement, diverting huge federal revenues accruing to the nation from the sale of crude oil.

Mr. Sanusi says as much as $20 billion oil money is missing.

The President, in a statement by Reuben Abati, his Special Adviser on Media and Publicity, ordered the Central Bank governor to hand over to the most senior Deputy Governor of the bank, Mrs. Alade who will serve as Acting Governor until the conclusion of ongoing investigations into alleged breaches of enabling laws, due process and mandate of  the Central Bank.


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  • INTERESTING DEVELOPMENT. HOW WILL EBELLE SUSPEND THE SCAM OF $20 BILLION FROM THE BRAINS OF NIGERIANS?
    THE SOLUTION IS TO UNRAVEL THE PERPETRATORS OF GRAFT, PROSECUTE AND JAIL THEM. SUSPENDING SANUSI TO COVER UP $20BILLION SCAM IS NOT GOING TO HELP.

    • Kareem Haroun

      You be correct person, my compatriot… I like this

  • Omo Odua

    Do these chaps really understand what “with immediate effect” is? Some body out of the country telling him to hand over with immediate effect! So he is going hand over the CBN in a foreign country? May God save Nigeria and Nigerians

    • Kareem Haroun

      Hahahahahahahhahahahahaaaaaaa! O boy no kill me o…just leave Abati and his oga they manage their grammar jeje

  • NaijaMindOfChange

    According to the 2012 CBN regulations arrant nonsense President Jonathan lacks constitutional or legal power to suspend Sanusi, and his suspension has much to do with the missing of 20 billion dollar oil money from the Federation Account.

  • Hausa Man

    Now we know why Mbu was posted from rivers to abuja…..#LawlessCountry #JonathanIsDictator

  • Moses Musa

    The office is tenured and the President has the power to cut if short. But let Mr. President ensure that all issues raised by him are addressed to the satisfaction of the masses of this country. We deserve to know what happened to our common patrimony. Mallam Sanusi well done, we enjoyed your tenure while it lasted.

    • TRUTH MASTER

      No sir. The President can only cut short the tenure if he has the support of two-thirds majority of the Senate. Check the CBN Act

  • TRUTH MASTER

    Pres. Jonathan has no legal authority to suspend the CBN Gov. He can only remove him if he has the backing of two-thirds majority of the Senate. Anyone who doubts this can check the CBN Act, Section 11.

    • Uju

      Laughable how you peeps reason. The President of a country cannot suspend a CBN governor? LMFAO . . .

      • TRUTH MASTER

        Don’t believe what I say. Pick up the CBN Act 2007 Section 11(f). Read it. The President has acted illegally. There is no provision for suspension in the act. There is only outright removal…..with two-thirds majority of the Senate. Let us always educate ourselves instead of laughing like fools!

      • Kareem Haroun

        U go school so??? Na wa o.. U no know wetin dem de call Act of Law governing a public institution? I beg go read am o..

  • max

    Make it sound as if sanusi carries any weight. Look Elrufai who hid under her wife wrapper and has to borrow the Mancho of Ngige and Amaechi before he gather the courage to honor ordinary invitation by sss is now the person going to block the arrest of Sanusi. Elrufai who took to flight to exile because of yardua who has one kidney is the person going to block arrest.
    I have already said it that Sanusi deserves to be hand cuffed and sent to jail.
    Those who said he can’t be touched and gives him morale are now plotting to save him from arrest.
    I think kwankwaso said that he is a blue blooded prince and nobody should touch him. What gave some commentators the impression that Jonathan is powerless to act is something I can’t understand. Some said he is finished, other ignoramus said that a whole president is in trouble for suspending that riff raff.
    Others said it is because he exposed corruption we will know when report on his own corruption is revealed.

    • Olaoluwa Peters

      God will JUDGE you including Nigerian pastors who will later receive this imbecile and pray for him.

      I said that because if i decide to curse you, your generations unborn wont get delivered except by God’s grace. Look, you are being insensitive to the plight of millions of Nigerians living miserable lives due to the gross incompetence and outright wickedness of Jonathan and his officials.

      How do you simply explain why Sanusi is suspended? So what happens to petroleum minister, DPR director, NNPC GMD and your over-rated monkey looking finance minister?

      GOD ALMIGHTY WILL DEFINITELY VISIT YOU ALL WITH HIS VENGEANCE.

      BLOOD OF THE OPPRESSED AND DEPRIVED WILL FIGHT FOR THEM.

      I will still try and refrain from cursing you but your conscience will never ever and ever give you peace until you die of cardiac arrest in Jesus Name. …..This is really not funny

    • Kareem Haroun

      And what does ignorants like you say? people are talking intelligence and logic, you stay here de talk road side talk of blinded sentiment…

  • george

    i always knew GEJ was good for nothing. does he really believe that Nigerians will vote him back in 2015? Tell me from where Yaradua stopped, what good has this man done for this country? This is a clear indication that the presidency is using the NNPC to defraud Nigeria and Nigerians. I was hoping that being a southerner, he would have the interest of the nation and future of our country at heart. He has failed all of us.

    • PAINEDNIGERIAN

      Calamity Jona is not a southerner. He does not even see himself as a Nigerian. He is simply an Ijaw president out to take it out on other Nigerians who ‘deprived him from wearing shoes while growing up

  • Monday

    Just wait and see. Sanusi can go to court and that will drag till June after which the story ends. It is untrue that the President cant suspend him. The president has no constitutional power to REMOVE him but can suspend when a case of gross misconduct has been established. He may send the request to REMOVE to the national assembly the outcome of which is not easily predictable. As it stands Sanusi Lamido Sanusi the prince of Kano stands suspended by the commander in chief of the armed forces in person of Dr Goodluck Ebele Jonathan. Case closed.

    • George

      yes the presidency has the constitutional power to suspend, but we are looking beyond the action now, we want to know the motive. why now?

    • Kareem Haroun

      and what have you to say about the missing $20 billion, Mr foreseeer

  • Tonnero

    Jonathan’s mad dance continues…………

  • Rico

    Whatever they are all doing, they must not jeopardize the ongoing conference.

  • idris

    My countrymen are ever so impulsive… who says the President can’t suspend the governor? The CBN is the Banker to the government of the federation, the recent populist actions of Sanusi had absolutely nothing to do with any integrity and was simply high wire politics and was most unbecoming of a Central Bank chief to engage in such conducts which the man enmeshed himself in…leaking official memos, supposedly becoming a whistle blower, gallivanting all over the place in flamboyant traditional robes, proclaiming his desires to succeed the Emir of Kano when the Emir is still very much alive, doling out cash like it was tissue paper and to say nothing of his irresponsible philandering. Those who think his suspension was on account of the so called missing $20million should note that it was an institution, the CBN that has pointed it out and not Sanusi as an individual who has only sought to play politics with the matter. A forensic audit to finally put the matter to rest has been ordered. So guys keep your powders dry. As for Kwakwanso, El Rufai and other bigots, they should do well to remember that the office is that of the governor of the central bank of NIGERIA!

  • Uzoma

    All Jonathan has done is suspend Sanusi; he did not dismiss him considering that he has no such consitutional authority. The other issue is mallam has been accused of financial recklessness. Let him just defend himself as every other accused person does. We compalin about impunity in this country and now we want to place the mallam above the law or what?

  • Usman

    Life goes on Sanusi, you have done your best for the country

  • Garta Daniel

    Well I do not know what

  • Garta Daniel

    Well I do not know what you mean by ingunity but ingenuity is not bond to a single tribe or people.Jonathan should watch it with the Igbos because a people without the understanding of hierarchy is not a people to trust especially when it comes to finance. The Igbos are only loyal to themselves, individually. I can categorically state that they a people that have polluted our society with the most pervasive of all behaviors ever imagined. I can assure you that they do not know a single thing about LEADERSHIP.

    • Taya

      You are a disgrace and disappointment to a sensitive discussion of this type. We are here to voice out our concern for what we feel was an unjust and unconstitutional action by the president but you are here to open your buccal cavity to show your unfounded hatred for the Igbos. Not only that I feel you are ignorant of the issue at stake or that you want to write because others are doing so. Here is not a medium of argumentum ad hominem abusive where you attack individuals,ethnic groups or tribes rather than their views. How can you categorically state that the Igbos have polluted the Nigerian Society and have most pervasive of all behaviour? You have to have a re think and embrace all Nigerians as your brother or sister. Here in advanced world, there is no state of of Origin on job application forms that makes one tribe to be discriminated against. I am assuring you, if you are made the president of Nigeria, you will exterminate the Igbo people. That’s so sad. Finally if Sanusi feels he has been unjustly suspended or whatever you call it, let him go to court , though there is no justice in Nigeria. But to the best of my knowledge he has been one of the best in that office who has really proved stubborn and is against all those federal political fraudsters we have in the Federal House and Senate.

  • Garta Daniel

    Uju or whatever your name is please get the Act and make your case stop making it a laughing matter.

  • Abdullahi Saidu Bafarawa

    This is very interesting we will wait to see what is going to happen with in this issue of JONA removing or suspending the central bank governor prematuredly against the rule of the nation