EXCLUSIVE: Download Lamido Sanusi’s Suspension Letter

Central Bank Governor, Lamido Sanusi

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.

Download here the letter of suspension to the governor dated February 19, 2014.

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.

Download here the letter of suspension to the governor dated February 19, 2014.



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  • Mani_Kay

    Apart from Sanusi’s mistresses, now we know the main source of funding for Boko Haram and El Rufai’s APC.

    Now we know the person that have been paying for Boko Haram’s brand new Toyota Hilux vans and weapons that have cost the lives of over 10million Nigerians in last two years.

    Now we also know the person that funded Boko Haram’s attempt to kill the widely respected Emir of Kano, the Shehu of Borno and others.

    The removal of Sanusi is a big blow to Boko Haram and APC’s biggest and No.1 source of funds followed by Amaechi’s Rivers State.

    • Comfortkay

      Nigeria has turned to a Mafia state, reading from your statement.

    • Mohstone

      Mani_Kay the small boy. I remember how you tried hard to rewrite the history of events that took place before you were born. Your ignorance and folly knows no bounds. Comments like yours are not even expected from a street urchin but someone lesser.

    • Lee

      Manikay I hope you don’t have kids. Your argument and line of thought puts them in grave danger. You shouldn’t be allowed to drive or vote either. You’re apparently a threat to commonsense.

  • MuckRaker

    If these revelations are true, I expect Sanusi fairly prosecuted and jailed. In same spirit, I expect officials of the Jonathan administration- NNPC et al- responsible for the missing $20 billion oil money to face justice and be put behind bars. No one should be spared. But I suspect under Jonathan, this is wishful thinking…

    • Mohstone

      Ofcourse, you know they are not true. Allegations dating back to 2004, 5 years before he became governor, are just surfacing against him not the Soludo who was the Gov then??? They just want to remove him and they did. You and I know that Sanusi was the light of this administration, he is among the few that gave it credibility. Now that he is out, the coffers are opened free for the hawks.

      • Es3

        You concluded even without seeing the CBN audited accounts and other annexes referred to the Sanusi’s suspension letter?????

        Some people are just beyond redemption in their fixations!!!

        • Mohstone

          If Redemption is about believing JEG and folks like you then I dont need it. We all know why Sanusi was targeted. You can only dip your head inside your anus and claim you dont know or deny it out-rightly as you are trying hard to make us believe.

          • Es3


            Expectedly your idea and concept of redemption hardly surprises for it takes more than two pair of eyes to see clearly?!!!

            If Sanusi submitted CBN’s 2012 audited financial in early 2013 and was queried barely a month after the submission, which was followed up with passing his response to the query and the audited accounts to FRC in April 2013 for professional analysis and advise.

            Then the FRC that that damning report of Sanusi’s CBN and Sanusi realizing that the game is up commenced plans (with el-Rufai) and APC in rear guard action which he landed the 1st batch in September 2013 still you can’t see clearly???!

            With the weight of allegation he made in his letter to Jonathan in September 2013, how long do you suppose it will take anyone (outside NNPC) saddled with independently proving Sanusi’s allegations on transactions with international dimensions like that of crude exports and payments to and from diverse quarters respectively??? One, two and three months only????

            Then in December of same year, Sanusi leaked his letter to the President to the press to generate sympathy for himself, followed up that with public declarations with ‘yo-yo’ figures he couldn’t defend at the very 1st credibility test????

            Sanusi couldn’t check his figures before coming to the public to hatch his exit coverage plans and I wonder if the Reserve Bank of US governor would have presented any figure he is unsure of to the US public???!

            If you can’t still see Sanusi’s haste to cover up ahead of what was coming his way, then it would a terrible thing to possess just to pairs of eyes only?!!!

          • Mohstone

            Well as you rightly described yourself that you have more than two eyes, I can see that you are probably an animal, which is why your line of reasoning and thought is awkward and bereft of sanity. I’ll advise that you reassess yourself and change the way you talk and reason. I rest my case.

          • Es3

            …Quite an unfortunate thing attempting to relate with a brain as yours!!!

  • BlackieUmukoro

    APC source of fund closed

    • Mohstone

      What about PDP’s source of funds ???

    • Es3

      And badly so as the conduit, el-Rufai, will have seek out new ones for APC!!!

  • sirjoka

    So if it is suspension, it means he can be sacked or not pending the outcome of the investigation.
    So what happens if his found not wanting, bearing in mind Mr. President has already nominated a replacement? Unless the outcome has already been planned and known to them.
    Bunch of misguided weaked people, God will make you all pay for your sins. My only prayer is God punishes you right from Earth with something that wealth or power cant ease.

  • redeem

    The Suspended CBN Governor, Mallam Sanusi Lamido Sanusi has been arrested by SSS at the airport on arrival from an International West African event in Neighboring Niger Republic.

    The Disgraced former CBN Governor is being quizzed over some of his reckless financial dealings while in office and related frivolous allegations which was intended to destabilize the Nigerian economy.

    Mallam Sanusi awarded to his would-be Brother-Inlaw, Mallam Nasir El-Rufai a contract of N5billion to design the Multi-Billion Naira CBN civic center in Abuja.

    • Mohstone

      Deri you had since lost steam, now you are writing under the name Redeem. Indeed, you guys need redemption from yourselves. From all indications you have gone far, you no longer hear the calls of sound reasoning and conscience. Your minds are dead and destroyed by shear greed and dumbness.

  • Mohstone

    We thank God for people like Sanusi. A fighter who never relents. He revealed the gargantuan stealing perpetrated in NNPC on behalf of Jonathan and Dezieni Madueke. God will continue to protect Sanusi against agents of the devil such as Mani_Kay, Deri, Doyin Okupe, Jonathan et al.

    • Es3

      Good indeed???

      To you, Abacha was ‘gooder’???????!

  • Comfortkay

    2007 Malam Nuhu Ribadu was removed from office and today Lamido Sanusi, l thought the President goes to churches and make political statement, the Bible says the TRUTH SHALL MAKE YOU FREE not in Nigeria, if you say the truth you become the enemy of the looters .

  • okwu

    If you see the lists of sanusi’s crime. you will know that he is a real criminal. He says oil money is missing to give himself an (APC progresive) stance. His criminality is too much. He must go to prison.

    • Lee

      It is dim witted fellows like you that mortgage our future in the altar of sheer ignorance and a lack of capacity to read and understand. How about Dieziani and trillions during subsidy. Why is she still there? Clown. The only person preventing this administration from wanton plundering of our wealth has been removed. Even an idiot knows that a whistle blower is a positive thing. You’re obviously less than a street urchin and can’t fathom such.

    • Mohstone

      What are the crimes??? May be you read the letter with your nose. I’ve read it and all I saw was the usual political witch-hunting that we all know. It will not see the light of the day. It will surely collapse. And stop deceiving yourself that Sanusi will go to prison. You should instead gear your strength at the real criminals, GEJ et all, except if, of course, you are one of them.

  • Mani_Kay