Showing posts with label How the plot to suspend Sanusi was hatched. Show all posts
Showing posts with label How the plot to suspend Sanusi was hatched. Show all posts

Friday, 21 February 2014

How the plot to suspend Sanusi was hatched


The plot to suspend Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi, was to be carried out last week through the Senate, it was learnt yesterday.
The Presidency opted to suspend Sanusi before the expiration of his tenure to pay him back for the alleged leakage of a letter to the President on the ‘missing’ $20billion oil cash, The Nation was told.
There were indications last night that Sanusi, who flew into Lagos from Niamey, Niger Republic, had interaction with security agents before moving into a private home in Ikoyi.
Investigation by our correspondent revealed that based on a report of the Financial Reporting Council (FRC), the Presidency lobbied some of its loyalists to raise the matter on the floor of the Senate on alleged spending of N250billion without appropriation by the CBN under Sanusi.
It was gathered that a motion to that effect was already set for presentation by the Chairman of the Senate Committee on Rules and Business, Senator Ita Enang.
But, sensing the mood of the Senate and the likely resistance by Northern senators, the anti-Sanusi plotters shelved it.
A source, who spoke in confidence, said: “The Order Paper initially prepared for the Senate was to prevail on senators to look into how the CBN under Sanusi spent N250billion without appropriation.
“They alleged that the report cited the donation of over N100billion to charity on behalf of the CBN without any legal basis.
“Some extracts of the report of the Financial Reporting Council (FRC) were already included in the Order Paper for Senators’ consideration but it was obvious that the agenda against Sanusi could not fly. The anti-Sanusi plotters had to shelve it.
“Their plan was to use the Senate as a springboard to deal with Sanusi. If the Senate’s enlistment had scaled through, the President would have opted for removal of the CBN Governor than suspension.