Presidency Queries Sanusi,accuses him of politicising his office


The presidency has issued a query to the Central Bank of Nigeria (CBN) Governor,Mallam Sanusi Lamido Sanusi, demanding an explanation for some of the donations the CBN has made under his watch to some universities and organisations.

A top presidency official, who sought not to be named,stated that the federal government was forced to issue the query as a result of its concern over Sanusi’s activities, which have portrayed him as working to undermine the administration of President Goodluck Jonathan.

According to him, Sanusi has engaged in what he described as unprecedented politicisation of his office as well as serial infractions of regulations governing the operations of the central bank.

He said the presidency was worried by the way and manner Sanusi had been donating to communities and institutions in the name of the central bank without adherence to due process and regard for the multi-cultural diversities of the Nigerian nation.

The CBN governor was accused of donating about N150 billion to some institutions and interest groups in states controlled by opposition political parties in what appears to be a clever way of channelling state funds to some politicians who in turn use them to
attack the president and his government.

The presidency source gave some of the
questionable donations to include N4 billion to Bayero University, Kano; N10 billion to Uthman Dan Fodio University, Sokoto; N500 million to the University of Benin, Benin; and N100 million to the Kano State Government.

Many of the donations, he added, were
considered ultra-vires as they were outside the powers and functions of the CBN.

In addition, the source said in the last one year, security reports had indicted Sanusi of holding nocturnal meetings with politicians,especially with the opposition parties, making reckless statements capable of undermining
the integrity of the nation’s financial
institutions and violating global principles of public decorum expected of holders of such offices.

According to the presidency official, “The CBN governor has become more of a politician than a banker. He delights in political circus shows in the company of opposition political figures; making statements unbecoming of his office.

“The president has actually been very tolerant of these infractions in line with his personal convictions of allowing institutions operate their own independent checks on officers, but
it appears the CBN governor is becoming a law unto himself.” is your one-stop online news magazine blog. We report credible information as they happen. Follow us on Facebook and Twitter to get Latest Information.

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