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Nigeria suspends anti-graft Bank gov

Thursday, Feb 20, 2014 - 01:28

Feb. 20 - Nigerian President Goodluck Jonathan has suspended Central Bank Governor Lamido Sanusi, removing an increasingly outspoken critic of the government's record on tackling rampant corruption. Sonia Legg reports

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Two weeks ago Nigeria's Central Bank Governor effectively accused the country's state-run oil company of fraud. (SOUNDBITE) (English) CENTRAL BANK OF NIGERIA GOVERNOR, LAMIDO SANUSI, SAYING: "There is 20 billion dollars that has not come back. The burden of proof is on NNPC." Now Lamido Sanusi has been suspended by the president. Nigeria's National Petroleum Corporation denies any wrong-doing and an inquiry is underway. But questions about corruption - and how much it infiltrates daily life in Nigeria remain. Sanusi is an outspoken critic of the government's record on tackling corruption - he's also condemned wasteful spending by the national assembly. One Lagos lawyer condemned the decision. (SOUNDBITE) (English) ADEGBORUWA EBUN-OLU, LAWYER, SAYING: "I believe that the president and the powers that be, who are responsible for this financial recklessness, must have been fazed and gotten scared by the consistency and the boldness of Lamido Sanusi Lamido to continually demand for financial accountability." Trading in Nigeria's foreign exchange, bond and money markets all stopped after the suspension due to the uncertainty. (SOUNDBITE) (English) ADEGBORUWA EBUN-OLU, LAWYER, SAYING: "The president will have to work hard to convince Nigerians and indeed myself that this suspension is timely, is right, and meets the purpose of taking our economy to the next level." Sanusi had been due to serve until June - his deputy Sarah Alade has been appointed acting governor.

Nigeria suspends anti-graft Bank gov

Thursday, Feb 20, 2014 - 01:28

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