Sanusi Lamido Drops Suit Against The Federal Government

Former Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has reportedly dropped the suit filed against President Goodluck Jonathan, the Inspector General of Police and all the defendants which challenged his suspension from office as CBN Governor on February 20, 2014.
Sanusi, who is presently the Emir of Kano, issued the Notice of Discontinuance today, July 1, 2014.

Sanusi Lamido responds to allegations of financial recklessness

Suspended CBN governor, Sanusi Lamido Sanusi yesterday Sunday March 16th responded to allegations of financial recklessness leveled against him by the Financial Reporting Council of Nigeria (FRCN) and the Federal Government. Find the full statement he released 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: Continue..

Missing $20bn Story Takes New Turn As Jonathan Orders Audit Of NNPC

Lamido Sanusi speaks during the Sir Patrick Gillam lecture about the economic problems of sub-Saharan Africa at the London School of Economics in London, U.K., on Monday, Jan. 23, 2012.

President Goodluck Jonathan has authorized a forensic audit of the Nigeria National Petroleum Corporation (NNPC).
The Presidency said on Wednesday that "reputable international firms" would carry out the audit, but the companies' names were not disclosed.
The decision has followed the calls by the Finance Minister Ngozi Okonjo-Iweala and a Senate committee investigating the graft allegations to conduct a forensic audit of NNPC after the Central Bank ex-governor Sanusi Lamido Sanusi presented evidence that he said showed the company failed to remit $20bn of oil revenue to federal government coffers.

CBN Governor, Sanusi, Replies Jonathan's Query, Defends Bank's Multibillion Naira Spending

The suspended Central Bank governor, Sanusi Lamido, has defended his bank against allegations of spending billions on extensive loans, staff emoluments, and maintenance of devices.
In suspending Mr. Sanusi last week, President Jonathan accused the CBN governor of “financial recklessness”.
PREMIUM TIMES had reported exclusive details of the president’s second query to Mr. Sanusi early 2013, in which Mr. Jonathan demanded prompt clarification on key spending in excess of a trillion naira. The president’s query followed the submission of the CBN’s audit report by Mr. Sanusi to the president on February 26, 2013.

Court Rejects Exparte Motion To Reinstate Suspended CBN Governor, Sanusi

A  High Court in Abuja on Wednesday rejected an ex-parte motion brought by the suspended Governor of the Central Bank of Nigeria, CBN, Lamido Sanusi. Mr. Sanusi had asked the court to set aside his suspension from office.
Mr. Sanusi was suspended by President Goodluck Jonathan last Thursday over alleged financial recklessness and official misconduct.
He filed the suit on Monday to challenge his suspension. He had not only asked for reinstatement, but also an order of interlocutory injunction restraining the president, the Attorney General of the Federation and the Inspector General of Police from stopping him from performing his duties as CBN Governor.

MISSING $20BN : I WANT TO KNOW THE WHOLE TRUTH-- OKONJO -IWEALA

Dr. Ngozi Okonjo-Iweala the Minister of Finance and Coordinating Minister for the Economy, has demanded to know the whole truth about the alleged missing $20b which the suspended Central Bank Governor, Mallam Sanusi Lamido Sanusi said is missing from the federation account.

A statement Wednesday from the finance ministry to the BBC, said the minister, “ asked for urgent action with regard to an independent forensic audit of conflicting claims of unaccounted funds made by the Nigerian National Petroleum Corporation (NNPC) and suspended Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamdio Sanusi.”

#WhereIsOurMoney? Fresh Protests Greets Alleged Missing N20 Billion Oil Revenue

Where Is Our Money? was the dominant question and trending topic on Twitter on Monday. The reason is that scores of Nigerians renewed calls for accountability on the alleged $20bn said to be unremitted to the Federation Account by the Nigeria National Petroleum Corporation.

As early as 8am on Monday, ‘prolific’ Twitter users had set the hashtag to use with various images and pictures to go along with it.

Apart from individuals who expressed displeasure over the controversy surrounding the missing money, two groups, Enough is Enough Nigeria and Public Integrity Networks were at the forefront of the online campaign.

President Jonathan Insists That Sanusi Is Still The Governor Of CBN, But Shelves Questions On Second Term Bid

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President Goodluck Jonathan in his Presidential media chat on Monday evening revealed to the nation that, Governor Sanusi of the CBN was still the governor of the apex bank, pending the conclusion of the inquiry into his alleged financial recklessness. He also spoke on his re-election bid, refusing to confirm the rumours of his intention to run for the 2015 elections.
Speaking on the national conference, he said disintegration would not be taking center stage at the conference. As reported by Sahara Reporters

Deposed Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi is still Governor of the bank and was only stepped aside, President Goodluck Jonathan said on Monday evening.

President Jonathan Orders The Removal Of Sanusi's Security Detail

Despite proclamations by President Goodluck Jonathan during his Media Chat on Monday that Sanusi Lamido Sanusi remains the Governor of the Central Bank of Nigeria, SaharaReporters has learnt that the State Security Service has withdrawn his security protection.
A source familiar with the action told SaharaReporters that the CBN governor’s security detail was removed shortly after the President concluded the Media Chat.

Pastor Bakare Praises Lamido Sanusi, Urges Him To Stick By The Truth

Sanusi Lamido Sanusi, Governor of CBN, suspension by president Jonathan continues to make headlines as Pastor Tunde Bakare of Latter Rain Assembly  puts his weight behind the embattled governor. Sahara Reporters reports
Pastor Tunde Bakare, the Serving Overseer of the Latter Rain Assembly and Convener of the Save Nigeria Group, on Sunday threw his weight behind the suspended Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, whose courage he praised as exemplary.

President Jonathan's First Query To CBN Governor, Sanusi

Contrary to widespread believe that Central Bank Governor, Sanusi Lamido Sanusi, first ran into trouble with President Goodluck Jonathan late last year when he wrote a letter accusing the Nigerian National Petroleum Corporation of diverting N8 trillion of Nigeria’s oil revenue, PREMIUM TIMES can report today that Mr. Sanusi first incurred the wrath of the presidency in 2012 when he granted a newspaper interview criticizing the administration’s handling of the Boko Haram insurgency.

NNPC ACCOUNTS HAVE NOT BEEN AUDITED SINCE 2005--SANUSI

Suspended Governor, Central Bank of Nigeria, Sanusi Lamido has debunked the allegations of financial recklessness leveled against him.
Former Governor of Central Bank of Nigeria, Alhaji Lamido Sanusi
Sanusi who asked what the definition of recklessness is, disclosed that Central bank’s accounts for 2013 were audited while that of NNPC had not been audited since 2005.

The Financial Reporting Council Report That Got Sanusi lamido Suspended

President Jonathan's decision to suspend CBN Governor, Sanusi Lamido Sanusi yesterday Feb. 20th was based on a report of the Financial Reporting Council of Nigeria, FRCR dated June 7, 2013. In the report, FRCR ripped apart the 2012 audited financial statement of CBN and exposed what it termed as 'fraud', 'clear display of incompetence',and 'excesses and wastefulness of Sanusi and the CBN.'

The 13-page report claimed a whooping N1.257 billion was spent for 'lunch for policemen'. There were also bogus payments to airlines to distribute currency nationwide. The FRCR also claimed CBN has held an account with a balance of N1.423b for an unknown customer since 2008. The report had recommended the sack of Sanusi and his deputy.

You can read the full report here or continue to read a breakdown of the report..

PHOTOS OF SANUSI LAMIDO ON ARRIVAL AT LAGOS AIRPORT THIS AFTERNOON

The ex governor of the country'x apex bank Sanusi Lamido Sanusi was met at the airport by ex Federal Capital Territory minister El Nasir Rufai

See more pics after the cut

BREAKING NEWS: SANUSI LAMIDO'S PASSPORT SEIZED BY SSS

Shortly after ex CBN governor, Sanusi Lamido Sanusi's,  plane landed at the ExecuJet Terminal of the Murtala Muhammed International Airport in Lagos, he was accosted by plain clothe operatives who detained him briefly and insisted he must surrender his passport.
The officials of the State Security Service, SSS,  seized the travelling documents of suspended Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, shortly after he arrived Lagos from Niger, where he had gone to attend a meeting of governors of central banks in the West African sub-region.

Sanusi To Challenge Suspension by President Jonathan In Court

The former Governor of the Central bank of Nigeria, Sanusi Lamido Sanusi, has said he intends to challenge the decision to suspend him from office by the president saying that if the CBN Governor can not the sacked, it should also mean he can not be suspended.
The Ex governor who got the news of his suspension while he was away in Niger Republic, attending a meeting of West African CBN governors. Insisting that his intention was not to hold on to office but to establish the principle by the court.

Intrigues As Presidency Plots Sanusi's Early Exit As CBN Governor

An untidy succession race is currently apace in the country’s business and finance community following rising tension between Central Bank of Nigeria, CBN, Lamido Sanusi, and the presidency which inside and knowledgeable presidential sources in Abuja, Thursday, say might lead to the suspension of Mr. Sanusi “any time from now.”

ThisDay newspapers, Thursday, brought the tension between Mr. Sanusi and the Presidency to public awareness, reporting that the CBN governor had rejected a call from the presidency to resign voluntarily ahead of his planned exit in June.

Legislators Silent Over President's Threat To Sack Sanusi Lamido

Legislators in the National Assembly Thursday avoided offering comments on the sack threat by  President  Goodluck Jonathan  against the Central  Bank Governor, Sanusi Lamido Sanusi,   for allegedly  leaking  the letter   on the unremitted $49.8 billion oil revenue to the Federation Account  to former President Olusegun Obasanjo.