Protests in Kano as Sanusi becomes Emir

Protests broke out in parts of Kano on Sunday shortly after a former Central Bank of Nigeria Governor Lamido Sanusi was   named the new Emir of Kano.

Sanusi, who by his appointment becomes the 14th Emir of Kano, takes over from Ado Ibrahim,who died on Friday.

Before the Secretary to the Kano State Government, Dr. Rabiu Bichi, announced the decision on Sunday, the Peoples Democratic Party and the Nothern States Governors’ Forum had goofed by rushing to issue statements congratulating   Sanusi Ado Bayero, the son of late Ado Bayero, as the new Emir.

Court declines to reinstate Sanusi as CBN governor

ABUJA— The suspended Governor of Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi, yesterday, lost his bid to return to office as the Federal High Court sitting in Abuja declined to set aside his suspension by President Goodluck Jonathan.
The court, in its 84-page judgment, said it was bereft of the jurisdiction to reinstate the ousted CBN Governor, stressing that the nature of his suit bothered on a dispute between an employer and his employee, which it said only the National Industrial Court, NIC, has the statutory powers to adjudicate on.

However, before referring the case to the NIC, presiding Justice Gabriel Kolawole described as baseless Sanusi’s claim that he was not an employee of the Federal Government but that of the CBN.
He ruled: “When I read through the arguments of the plaintiff, I then asked myself, so whose employee is he?
“It is not in dispute that the CBN is an agency of the Federal Government and a statutory body created by the National Assembly.

Sanusi financing terrorism –FG, SSS

The Federal Government and  the State Security Service have accused the suspended Governor of the Central Bank of Nigeria, Mallam Lamido Sanusi, of financing terrorism.
They made the allegation in  counter-affidavits  they deposed to before  a Federal High Court   which is hearing   a suit instituted by Sanusi. The ex-CBN chief    is seeking a perpetual injunction to restrain the SSS and the police from arresting him.
Sanusi’s lawyer, Mr. Kola Awodein,  who made reference to the  allegation  on Monday, told the court    it was an afterthought which government came up with after seizing  Sanusi’s passport.

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.

Shareholders of defunct Intercontinental Bank sue Sanusi

Aggrieved former shareholders of the defunct Intercontinental Bank Plc, led by Abdullahi Sani, Adaeze Onwuegbusi and Chijioke Ezeikpe, have dragged the suspended Governor of the Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi, before a Federal High Court sitting in Abuja over the sale of the bank to Access Bank Plc.Sued alongside Sanusi are the Security and Exchange Commission, SEC, and the Central Bank of Nigeria, CBN. The shareholders want the court to compel, direct and mandate the SEC, as the official and apex regulator of the Nigerian Capital Market acting under her powers pursuant to Section 13 of the Investments and Securities Act 2007, to conduct a detailed public investigation into the circumstances relating to and connected with the sale/acquisition/take over/ transfer of the shares, assets and securities of Intercontinental Bank Plc to Access Bank Plc, in order to protect shareholders and investors of Intercontinental Bank Plc and the maintain a fair and orderly securities exchange market so as to protect the integrity of the securities market against all forms of abuse as occasioned by the Sanusi and his friends/associates/cronies, and order appropriate sanctions against parties involved in Intercontinental Bank takeover fraud.

Diezani jet scandal: Reps uncover second aircraft

Fresh revelations indicated on Tuesday that Petroleum Minister, Mrs. Diezani Alison-Madueke, maintained a second jet.

The jet, a  Global Express XRS plane, is  allegedly chartered specifically for her private and official trips overseas.

A return trip on  the  XRS plane is said to cost taxpayers €600,000.

The   jet  is different from the Challenger 850, which the House of Representatives said gulped N10bn  in the last two years to fly the minister.

Investigation by The PUNCH showed that the House Committee on Public Accounts stumbled on the second jet in the course of the ongoing probe into the N10bn expenditure on Challenger 850.

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.

President Jonathan’s Social Media Aide Reno Omokri Exposed As Author Of Fake Document Linking Ousted CBN Governor To Boko Haram

Reno Omokri, the outspoken Special Assistant on Social Media to President Goodluck Jonathan, was today unmasked as the brain behind a fraudulent attempt to link Sanusi Lamido Sanusi, the suspended Governor of the Central Bank of Nigeria (CBN), to the recent spike in Boko Haram violence in Borno and Yobe States. In one of the recent attacks, Boko Haram terrorists slaughtered some 60 secondary school students at their boarding house.

Posing as “Wendell Simlin,” Mr. Omokri circulated a Word document linking the former CBN Governor to the recent attacks. The ruse was however uncovered when some Internet-savvy Nigerians traced the IP address of the source document and it turned out that it had been authored and circulated by Mr. Omokri.

Why Jonathan suspended Sanusi – Abati

The presidency has reiterated that it suspended the Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, because he was indicted in a probe carried out by the Financial Reporting Council of Nigeria since May last year.

Presidential spokesman, Reuben Abati, told State House correspondents at the Presidential Villa, while dismissing speculations that Sanusi was removed because of the alleged billions of dollars that had not been remitted to the Federation Account by the Nigerian National Petroleum Corporation (NNPC).

FG Is Not Aware Of Directive To Arrest Sanusi – Abati

Dr Reuben Abati, the Special Adviser to President Goodluck Jonathan on Media and Publicity, on Thursday said he was not aware of any directive to arrest the suspended CBN governor.

Abati, who stated this in Abuja while fielding questions from State House correspondents, denied any knowledge on the purported arrest order by the Federal Government.

He, however, maintained that any person or organisation indicted under the enabling act of the Financial Reporting Council of Nigeria must face prosecution.

‘‘I’ m not aware of any directive that he (Sanusi Lamido Sanusi) should be arrested as of this moment, I’m not aware of that.

Jonathan Forwards Name Of Godwin Emefiele To Senate For Confirmation As CBN Governor

Senate Spokesperson Enyinnaya Abaribe has confirmed that President Jonathan forwarded the name of Godwin Emefiele, Managing Director of Zenith Bank Plc, to the Senate for confirmation as CBN Governor.

Emefiele is to replace Mallam Sanusi Lamido Sanusi, whose tenure expires in June but was suspended earlier today by the president, on allegations of financial reckless and misconduct.

PRESIDENT JONATHAN SUSPENDS LAMIDO SANUSI AS CBN GOVERNOR, APPOINTS ACTING GOVERNOR

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

Being determined to urgently re-position the Central Bank of Nigeria for greater efficiency, respect for due process and accountability, President Goodluck Ebele Jonathan has ordered the immediate suspension of Mallam Sanusi Lamido Sanusi from the Office of Governor of the Central Bank of Nigeria.

Photos: President Jonathan visits Traditional Rulers

President Jonathan on a tour visits to Traditional Rulers in Kano, Oyo, Osun and Lagos States

From left Nigeria Ambassador to China, Mallam Aminu Wali,President Goodluck Jonathan, hand to hand with the Emir of Kano Alhaji Ado Bayero, Deputy Governor of  Kano State  Former Governor of Kano State  Alhaji  Ibrahim  Shekarau, and the Central Bank Governor Sanusi Lamido Sanusi at the Emir of Kano Palace during the President Visit on 15th Feb., 2014

Father and Son  President Goodluck Jonathan  and  the Emir of Kano Alhaji Ado Bayero in Kano on 15th Feb., 2014

Father and Son  President Goodluck Jonathan  and  the Emir of Kano Alhaji Ado Bayero in Kano on 15th Feb., 2014

Sanusi’s successor: President considers S’West candidates

Amid intense lobbying by candidates hoping to succeed the incumbent Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, indications have emerged that President Goodluck Jonathan is looking towards the South-West for the plum job.
Sanusi's five-year single term tenure expires in June and he has consistently said he will not seek a second term in office.
Among those reportedly vying for the position of the CBN governor are the Managing Director, Access Bank Plc, Mr. Aigboje Aig-Imoukhuede; Managing Director, First Bank of Nigeria Limited, Mr. Bisi Onasanya; and Managing Director, Asset Management Corporation of Nigeria, Mr. Mustapha Chike-Obi.

CBN Governor, Sanusi Lamido To Retire!

Street Journal's findings have revealed that the days of the Central Bank Governor, Mallam Sanusi Lamido Sanusi as the apex bank's Chief Executive are indeed numbered. Sanusi Lamido, who many see as a false alarmist has been ordered by the Presidency to proceed on compulsory retirement on or before March 2014 as his tenure as CBN governor will not be renewed.

The order for the Kano born blue blooded CBN Governor to proceed on a forced leave will come months before his term expires in 2014. Mallam Sanusi Lamido had written a fallacious letter to the President, complaining about a missing £50billion, from the funds supposed to be remitted to the Federation accounts by the NNPC. Regrettably after a two-day reconciliation with NNPC, FIRS, DPR and CBN, Mallam Sanusi apologized to Nigerians that he got his figures wrong and blamed his staff for providing him with wrong data.
The Street Journal

NNPC Rejects CBN's $49.8bn Non-remittance Claim

The Nigerian National Petroleum Corporation (NNPC) Tuesday said the  report credited to the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, where he alleged that it withheld the sum of $49.8 billion representing about 76 per cent of the total crude oil revenues from January 2012 to July 2013 was false.

The corporation in a statement signed by its General Manager, Media Relations Department, Dr. Omar Farouk Ibrahim, in Abuja said the allegation by the CBN was borne out of its  misunderstanding of the workings of the oil and gas industry and the modality for remitting crude oil sales revenue into the federation account.

N’Assembly buries hope for N5,000 note

ABUJA — The Senate and the House of Representatives joined forces, yesterday, as they resumed from their two-month recess and asked President Goodluck Jonathan to stop the Central Bank of Nigeria, CBN, Governor, Mallam Sanusi Lamido Sanusi from going ahead with the restructuring of the Naira and the introduction of N5000 note, describing it as illegal and unconstitutional.
This came as the House of Representatives gave President Jonathan 14 days to implement the report of the investigative public hearing on the near collapse of the Capital market, which recommended the removal of Ms Aruma Oteh, as the Director General of Securities and Exchange Commission, SEC.
The plan by Mallam Sanusi to restructure the naira, as well as introduce N5,000 note received   condemnations from both chambers of the National Assembly as the lawmakers described the proposal as anti-people.