Abuja — THE All Progressives Congress (APC) condemned the sacking of Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, warning it would have negative consequences for the local economy.
In a statement, the opposition party said the suspension was “patently illegal”, “poorly thought-out” and “in bad taste.”
In a statement issued in Lagos on Thursday by its Interim National Publicity Secretary, Alhaji Lai Mohammed, the party also said the action is “the clearest indication yet that President Jonathan, whose body language does not abhor corruption, is willing to silence any whistle-blower, no matter his or her status.”
“As the country wallows in unprecedented corruption under the rudderless and corruption-hugging Jonathan Administration, the President may have finally decided to send a strong signal to all Nigerians that it will not tolerate any exposure of corruption under any circumstance.
"What better way to do this than to silence the man who has exposed the alleged missing 20 billion dollars in the NNPC accounts?" APC queried.
The party said while Section 11 (f) of the CBN Act 2007 empowers the President to remove the CBN Governor, the section is clear that he can only do so if he has the support of two-thirds majority of the Senate.
“Nowhere in the Act is it said that the President can suspend the CBN Governor, as he has done, in another of his serial rape of the country's laws," APC lashed.
The party expressed concerns at the implication of Sanusi's suspension for the nation's economy, especially on the value of the Naira, local and international investments, the stock market, inflation and the overall health of the economy.
“Coming at a time when the economy was already under pressure due to internal and external factors and is in need of significant investments in several sectors, such as power and manufacturing to maintain its economic growth rates, the uncertainty caused by the suspension will leave both local and international investors questioning the economic direction of the country and therefore their investment approach to Nigeria,” APC stated.
The party called on Nigerians to remain strong in their determination to fight corruption, even as the government of the day, he alleged, made it clear it would not hesitate to punish whistle-blowers and reward corrupt persons.
“If anyone in this country is still doubting that the Jonathan administration lacks the wherewithal to fight corruption, operate under the rule of law and take Nigeria to greater heights, that person should now clear the doubt.
"This administration has clearly reached the end of its tethers and should be voted out next year to pave the way for a party that is willing and able to rescue Nigeria,” APC concluded.