SR: Suspended CBN Governor, Lamido Sanusi, Responds To Allegations Of Financial Recklessness

The suspended governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, has issued a statement responding to allegations of financial recklessness leveled against him by the Financial Reporting Council of Nigeria and the Nigerian presidency.

In the lengthy statement distributed to the media early this morning, Mr. Sanusi denied any wrongdoing, saying  he had already sent a detailed response to the presidency.

Read his full press statement below.

---------------------------------------------------------------------------------

I am compelled to make this public statement to address the various allegations levied against the Central Bank of Nigeria (CBN) and cited as the reasons for my suspension from office as the Governor of the CBN on the 19th of February 2014.

As a matter of record, the allegations were made in the following documents:

i.    Briefing Note of the Financial Reporting Council of Nigeria (FRCN) dated 7th June 2013, Ref: PRES/188/T&I/89 to His Excellency, President Goodluck Ebele Jonathan [the Briefing Note];

ii.    The Letter of Suspension dated 19th February 2014, which I received from the Office of the Secretary to the Government of the Federation; and

iii.    The petition dated 9th February 2014 by Mr. Erastus Akingbola.

However, before I go into the above issues, let me reiterate for the records, the achievements of the CBN during my tenure as the Governor: The Record>>>>

El-Rufai Speaks on Sanusi's Suspension And His Alleged N5b CBN Contract (Watch Video)

http://Visit bit.ly/1errVwy

See What Dele Momodu Said On The Sack of Mallam Sanusi As CBN Boss

This has been another week of political brouhaha in Nigeria as the owners of the long knives moved in and cut the dagger’s man, Mallam Sanusi Lamido Sanusi, into shreds. SLS, as he’s fondly called by friends and foes, had committed one of those commonest mistakes in warfare, and it is a useful lesson for all. A good student of military strategy would have known you don’t pull a gun if you are not ready to fire. History is replete with tales of such calamitous and fatal errors. I had expected a man as voluble and volatile as SLS to appreciate that truism.

                      

For allowing President Goodluck Jonathan to fire the first shot, Sanusi now has to fight from a defensive position when he should have been the aggressor. But I won’t write him off.

I hope Jonathan and his warlords thought through the repercussions before they took on Sanusi two days ago. The reason I say that is simple to guess. It is always difficult to fight a man who is not afraid to die.

By singing like a canary against the government he was serving, he should have known that he had grabbed a tiger by the tail and been ready for a battle royale.