President Jonathan Suspends CBN Governor Sanusi

Mallam Lamido Sanusi

President Goodluck Jonathan on Thursday suspended Mallam  Lamido Sanusi as the Governor of the Central Bank of Nigeria. The suspension order was contained in a statement by the Special Adviser to the President on Media and Publicity, Dr. Reuben Abati.

Read the text of Mr. Abati's press release announcing President Jonathan's action after the cut.......

“he is an economist of political turbulence” - Reps to Sanusi

Mallam Sanusi Lamido

Members of the House of Representatives Thursday fired back at Governor of Central Back of Nigeria (CBN), Sanusi Lamido over his call for a 50 per cent cut in the nation’s civil service saying that he is an economist of political turbulence.

While reacting to the issues raised by the apex bank boss at a media chat, Deputy Chairman of the House of Representatives Committee on Media and Public Affairs, Mr Victor Ogene described Sanusi as “an economist with a bias for creating political turbulence,” who had also not succeeded in pushing through, any of his controversial policies.

Also, Minister of Finance, Dr Ngozi Okonjo-Iweala was given knock over her ministry’s inability to cash-back the balance of N300 billion of the capital allocation in the 2012 budget to government Ministries, Departments and Agencies (MDAs) one month after promising to do so.