This Day (Lagos)

Nigeria: FG Suspends Sanusi, Appoints Sarah Alade As Acting CBN Governor

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Reserve Bank Governor Lamido Sanusi.

The Federal Government Thursday suspended the Central Bank Governor, Mallam Sanusi Lamido Sanusi. In a statement sent to THISDAY by Dr. Reuben Abati, Special Adviser to President Goodluck Jonathan, the most senior Deputy Governor of the CBN, Dr Sarah Alade, has been named as the Acting CBN Governor.

The statement noted that Sanusi's tenure has been characterised by "various acts of financial recklessness and misconduct which are inconsistent with the administration's vision of a Central Bank propelled by the core values of focused economic management, prudence, transparency and financial discipline".

The statement addeed that Jonathan has ordered that Mallam Sanusi should hand over to Alade who will serve as Acting Governor until the conclusion of on-going investigations into breaches of enabling laws, due process and mandate of the CBN.

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Reserve Bank Governor Lamido Sanusi.

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