Sanusi shuns FRC panel, sitting suspended

The Financial Reporting Council of Nigeria on Thursday alleged that the Central Bank of Nigeria under the leadership of the suspended governor, Mr. Lamido Sanusi, spent N500bn as intervention fund in various sectors without obtaining the approval of its Board or the Federal Executive Council.

It also alleged at a sitting in Lagos in which the suspended governor was scheduled to appear that the bank under his watch spent N10bn to renovate five palaces of traditional rulers in the country under its education intervention projects.

RESPOND TO CHARGES AGAINST YOU AND STOP MISINFORMING THE PUBLIC – PRESIDENCY TELLS SANUSI

RESPOND TO CHARGES AGAINST YOU AND STOP MISINFORMING THE PUBLIC – PRESIDENCY TELLS SANUSI
We have noted with disappointment, the unrelenting attempt by the  Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi to falsely portray his recent suspension from office as an attempt by the Presidency to bury his allegation that huge sums of money due to the Federation Account are unaccounted for by the Nigerian National Petroleum Corporation (NNPC).
The Presidency wishes to reaffirm that Mallam Sanusi's suspension has absolutely nothing to do with his unproven and inconsistent claim that $49.8 Billion, $12 Billion or $20 Billion is missing from the national treasury.