News / Africa

    Nigerian President Defends Suspension of Central Bank Governor

    Nigeria's President Goodluck Jonathan arrives for service for former South African President Nelson Mandela, First National Bank Stadium, Johannesburg, Dec. 10, 2013.
    Nigeria's President Goodluck Jonathan arrives for service for former South African President Nelson Mandela, First National Bank Stadium, Johannesburg, Dec. 10, 2013.
    James Butty
    Nigerian President Goodluck Jonathan said his suspension of Central Bank Governor Lamido Sanusi had nothing to do with the governor’s allegations of corruption at the state-owned Nigerian National Petroleum Corporation. 

    Sanusi said over $20 billion had disappeared from state oil revenues.

    Although Sanusi said he would challenge the legality of his suspension in court, presidential spokesman Reuben Abati said Jonathan has made it clear he has the power to appoint and suspend bank governors.

    “President Jonathan made it very clear that what we are dealing with here is a case of suspension, not dismissal.  But, the question that has arisen from that is whether the president has the power to suspend without recourse to the National Assembly. The position expressed by Mr. President is indeed he who appoints also has the power to suspend,” he said.

    Abati said Jonathan, during a news conference, also addressed the question of whether Sanusi was suspended over his corruption allegations.

    “Indeed, the investigation against him (Sanusi) first started as far back as February, 2013.  As of April 2013, and also by May 4th, he had been given queries to respond to a number of allegations.  His response was then forwarded to the Financial Reporting Council of Nigeria, which reported back to the federal government alleging many breaches and practically accusing the CB under Sanusi’s watch of fraud, incompetence and of financial recklessness.  And, on the basis of that, the presidency had to ask Mr. Sanusi to step down,” Abati said.

    Abati said Sanusi’s claim that over $20 billion is missing from state oil revenues is being investigated by the Nigerian legislature.

    He said Jonathan insisted his government would not interfere with an ongoing legislative investigation.

    “Indeed, Mr. Sanusi is free and is encouraged to continue to give evidence before the National Assembly.  President Jonathan’s commitment is to integrity and accountability.  And, he has made it very clear that his government is also committed to transparency, both in the extractive sector and particularly in the NNPC,” Abati said.

    Abati says the Nigerian government saw a brief jolt in the financial markets as reaction to Sanusi’s suspension, the man considered as having brought some stability to Africa’s second largest economy.

    “Immediately after the announcement, as a result of the uncertainty that quite a number of persons read into the development, there was a brief shock in the market. But, the position of government is that this has nothing to do with monetary policy. The Central Bank of Nigeria remains very strong and government is committed to continuing to strengthen it, and there is no need for anxiety about the country’s financial policy,” Abati said.
    Butty interview with Abati
    Butty interview with Abatii
    || 0:00:00
    ...    
     
    X

    You May Like

    Leaving Scalia Replacement to 2017 Would Mean Unusually Long Vacancy

    History of high court shows Obama not in unique situation during final year of presidency

    US Fact Checkers Debunk Some Republican Presidential Candidate Claims 

    Slim evidence for several claims made by Republican presidential candidates at their last debate ahead of next Saturday's key nominating election in South Carolina

    Uganda Presidential Debate a Small Victory for Democracy

    In homes and bars across country, Ugandans were fixated on their screens as eight political candidates running for president took part in national debate

    This forum has been closed.
    Comment Sorting
    Comments
         
    by: Godwin from: Nigeria
    February 25, 2014 10:39 AM
    The question is, why did the president not allow the issue being trashed at the Senate to be settled before using the sack/suspension to scuttle the investigation? The president has proved to be the head of the corruption in the country. By this singular act of obstructing justice and getting in the way of punishing corruption, the president has shown that all other issues of corruption, including his inactivity to find, indict or prosecute boko haram and their mentors, are his brain child for milking the country dry. If the president means any good to the country, he should reinstate Sanusi - the Central Bank governor - and allow him and the Senate to finish the business of finding where the $20billion oil money was laundered, before sacking or suspending him. If Nigeria votes, and that is in 2015, Jonathan will not smell a vote from Nigerians whom he has impoverished through the corruption in the country's main foreign exchange earner - the oil industry. If anything, the president has by this action proved to Nigerians public enemy number one.
    In Response

    by: patrick derrick from: rome italy
    February 26, 2014 12:10 PM
    the bigger qestion here is,why does he took mallam sanusi so long to provide the necessary documentation as the head of the establisment.and,as far as am concern what Leeds to mallam sanusi sorpension was lack of failure to provide the necessary evidence in which the investigation comittee & the president goodluck has been waiting for since,he was appointed as the cbn governor.but,notwithstanding, the president has made it clear in his public interview,that,he who hires,also, has power to remove.according, to the section 12 of the law of central bank of nigeria.and,moreover,he declear also,that,mallam sanusi free & he every right to come forward with his evidence if he has any.and,what the president accused him of is(MISCONDUCT) of power, in which he can't prove!!!!!!!!!!!!

    By the Numbers

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    New Technology Aims to Bring Election Transparency to Ugandai
    X
    Serginho Roosblad
    February 12, 2016 9:29 PM
    A team of recent graduates from Uganda’s Makerere University has created a mobile application designed to help monitor elections and expose possible rigging. The developers say the app, called E-Poll, will make Uganda's democratic process fairer. From Kampala, VOA's Serginho Roosblad reports.
    Video

    Video New Technology Aims to Bring Election Transparency to Uganda

    A team of recent graduates from Uganda’s Makerere University has created a mobile application designed to help monitor elections and expose possible rigging. The developers say the app, called E-Poll, will make Uganda's democratic process fairer. From Kampala, VOA's Serginho Roosblad reports.
    Video

    Video Refugees in Kenya Vie to Compete in Rio Olympics

    In Kenya, refugees from other African nations are training at a special camp and competing for a limited number of slots in this year's Rio Olympics under the flag of the International Olympic Committee (IOC). As Lenny Ruvaga reports from Ngong, this is a first in Olympic history.
    Video

    Video Gateway to Mecca: Historical Old Jeddah

    Local leader Sami Nawar's family has been in the Old City of Jeddah for hundreds of years and takes us on a tour of this ancient route to Mecca, also believed to be the final resting place of Adam's wife, Eve.
    Video

    Video Two-thirds of World Faces Water Shortage

    Four billion people — or two out of every three on the planet — do not have enough water to meet their basic needs. That is far greater than previously thought, according to a new study that presents a more accurate picture of the problem. As VOA's Rosanne Skirble reports, the findings will help policymakers and the public craft solutions to address the threat.
    Video

    Video As Refugees Perish, Greek Graveyards Fill

    Aid workers on the Greek island of Lesbos say they are struggling to bury the increasing number of bodies of refugees that have been recovered or washed up ashore in recent months.  The graveyards are all full, they say, yet as tens of thousands of people clamor to get out of Syria, it is clear refugees will still be coming in record numbers. For VOA, Hamada Elrasam reports from Lesbos, Greece.
    Video

    Video Russia Bristles at NATO Expansion in E. Europe

    Russian Foreign Minister Sergei Lavrov is meeting Friday with the head of NATO after the Western military alliance and the United States announced plans for the biggest military build-up in Europe since the Cold War. Russia has called NATO's moves a threat to stability in Europe. But NATO says the troop rotations and equipment are aimed at reassuring allies concerned about Russia as VOA's Daniel Schearf reports from Moscow.
    Video

    Video To Fight Zika, Scientists Target Mosquitoes

    Mosquitoes strike again. The Zika virus outbreak is just the latest headline-grabbing epidemic carried by these biting pests, but researchers are fighting back with new ways to control them. VOA's Steve Baragona takes a look.
    Video

    Video Mosul Refugees Talk About Life Under IS

    A top U.S. intelligence official told Congress this week that a planned Iraqi-led operation to re-take the city of Mosul from Islamic State militants is unlikely to take place this year. IS took over the city in June 2014, and for the past year and a half, Mosul residents have been held captive under its rule. VOA's Zana Omar talked to some families who managed to escape. Bronwyn Benito narrates his report.
    Video

    Video Scientists Make Progress Toward Better Diabetes Treatment, Cure

    Scientists at two of the top U.S. universities say they have made significant advances in their quest to find a more efficient treatment for diabetes and eventually a cure. According to the International Diabetes Federation, the disease affects more than 370 million people worldwide. VOA’s George Putic reports.
    Video

    Video NATO to Target Migrant Smugglers

    NATO has announced plans to send warships to the Aegean Sea to target migrant smugglers in the alliance's most direct intervention so far since a wave of people began trying to reach European shores.
    Video

    Video Used Books Get a New Life on the Streets of Lagos

    Used booksellers are importing books from abroad and selling them on the streets of Africa's largest city. What‘s popular with readers may surprise you. Chris Stein reports from Lagos.
    Video

    Video After NH Primaries All Eyes on South Carolina

    After Tuesday's primary in New Hampshire, US presidential candidates swiftly turned to the next election coming up in South Carolina. The so-called “first-in-the-South” poll may help further narrow down the field of candidates. Zlatica Hoke reports.
    Video

    Video Smartphone Helps Grow Vegetables

    One day, you may be using your smartphone to grow your vegetables. A Taipei-based company has developed a farm cube — a small, enclosed ecosystem designed to grow plants indoors. The environment inside is automatically adjusted by the cube, but it can also be controlled through an app. VOA's Deborah Block has more on the gardening system.
    Video

    Video Exhibit Turns da Vinci’s Drawings Into Real Objects

    In addition to being a successful artist, Renaissance genius Leonardo da Vinci designed many practical machines, some of which are still in use today, although in different forms. But a number of his projects were never realized — until today. VOA’s George Putic reports.