On the Suspension Of The CBN Governor By Femi Falana

In Commentary
By Femi Falana

Very recently, President Goodluck Jonathan was reported to have asked Mr Sanusi Lamido Sanusi to resign as the Governor of the Central Bank . Convinced that he could only be removed by the President with the approval of the Senate Mr Sanusi turned down the request and dared the President to remove him. Having regard to his irreconcilable differences with the Jonathan Administration on the operation and management of the Federation Account Mr Sanusi ought to have voluntarily resigned his appointment. But he decided to remain in office while taking the Administration to the cleaners at the tail end of his 5-year tenure. To that extent, Mr Sanusi has himself to blame for his suspension from office on account of alleged financial recklessness.

Since Mr Sanusi has been placed on suspension the law presumes that he is still the substantive Governor of the CBN. Therefore, pending the end of his tenure or removal from office through the Senate there is no basis for the appointment of a new CBN governor. President Jonathan is advised to suspend the process for the replacement of the CBN governor by withdrawing the new nomination forwarded to the Senate as the nation cannot have a suspended governor and a substantive governor of the CBN at the same time. In the alternative, the Senate should put off any debate on the fresh nomination pending the end of the tenure of the suspended governor.

However, the diversion of huge public funds from the Federation Account alleged by Mr Sanusi should not be swept under the carpet. At the same time, the allegations of financial recklessness leveled against Mr Sanusi ought to be investigated without any delay. Once again, I call on the Federal Government to allow the Auditor-General of the Federation to audit the accounts of the CBN and the NNPC by virtue of section 85 of the Constitution. The reports of such audit should then be submitted to the National Assembly for necessary action in line with the provisions of section 85(4) of the Constitution.

You may also read!

An Open Letter To Sir Ahmadu Bello, The Sardauna Of Sokoto, By Bishop Matthew Hassan Kukah

I am not sure I know how to address you especially now that the formal Ranka ya dade is

Read More...

Buhari’ Kleptocracy , Kakistocracy , Religious Bigotry and Nepotistic looting – Abiodun Egunjobi

In their various offices, they are thieving and stealing the nation’s hopes, its spirit, and its belief in other Nigerians. They are stealing the pride of the hard-working, honest and tax-paying citizens. Worst of all, they are stealing the country’s hope and belief in democracy and the future of our children and of our country. It is time for them to go somewhere and not be heard from again; Buhari will end up in jail like Bashir of Sudan. Buhari has stolen the hopes of the youths in the country. Buhari has a reservation in the pits of hell.

Read More...

Nothing Must Happen to Mr. Omoyele Sowore – Concerned Nigerians in Diaspora

Press Release We are a group of concerned Nigerians living in diaspora. It has come to our notice that

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu