Having taken special notice of reports of the Financial Reporting Council of Nigeria and other investigating bodies, which indicate clearly that Mallam Sanusi Lamido Sanusi’s tenure has been characterized 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;
Being also deeply concerned about far-reaching irregularities under Mallam Sanusi’s watch which have distracted the Central Bank away from the pursuit and achievement of its statutory mandate; and
Acting Governor, Dr Sarah Alade |
The Federal
Government of Nigeria reassures all stakeholders in Nigeria’s financial and
monetary system that this decision has been taken in absolute good faith, in
the overall interest of the Nigerian economy and in accordance with our laws
and due process.
Reuben Abati
Special Adviser to the President
(Media & Publicity)
February 20, 2014