Tag Archives: Mallam Sanusi Lamido

Financial Council Appeals Ruling Stopping Sanusi Probe


sanusi-98436538The Financial Reporting Council of Nigeria (FRCN) has appealed against the judgment of a Federal High Court in Lagos which barred it from investigating the suspended governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi.

Recall that Justice John Tsoho had on May 12, 2014 slammed a restraining order against the council, which had commenced investigations into the activities of the suspended CBN governor.

But in the notice of appeal filed before the Court of Appeal in Lagos, council averred that the trial court erred in law by assuming jurisdiction in the case contrary to Sections 28 and 66 of the FRC Act, 2011.

FRCN also picked holes with the decision of the court in relying on Exhibit 1 (Briefing Note) which the court had earlier declared to be inadmissible.

The FRCN further wants the appellate court to note that while the lower court held that the council stepped outside its limits, it did not define the limits of the council’s power.

No date has been fixed for the hearing of the appeal.

Suspended CBN Governor Spent N1.2billion In 2012 On Guards, Lunch For Policemen – Ozekhome


Constitutional lawyer and human rights activist, Chief Mike Ozekhome, SAN, yesterday, accused the suspended Governor, Central Bank of Nigeria (CBN), Mallam Sanusi Lamido, of spending N1.257 billion in 2012 on private guards and lunch for policemen.

In a statement, Ozekhome pointed out that Sanusi violated global principles of public decorum expected of holders of such office. ”CBN under Sanusi also expended N1.257 billion in 2012 on private guards and lunch for policemen.

CBN claimed to have paid N38.233 to the Nigerian Security Printing and Minting Company Ltd (NSPMC) in 2011 for the printing of bank notes, whereas the same NSPMC reported a total turnover of N29.370billion for all its transactions in the same 2011”, the lawyer said. ”Without basing it on acceptable legal mandate, prudence in spending and overriding national interest.

The CBN under Sanusi is said to have either executed or is executing currently over 63 ‘intervention projects’ across Nigeria, without appropriation or authority. Sanusi approbated and reprobated, simultaneously, on many issues, blowing hot and cold at the same time. ”He violated global principles of public decorum expected of holders of such a reverred office.

The Governor undoubtedly deployed huge sums of money without appropriation, and without basing it on acceptable legal mandate, prudence in spending and overriding national interest”.

According to him, a Central Bank Governor is to be seen and rarely heard, if ever, except only on crucial financial, monetary and economic matters, where his public intervention is called for, with a view to strengthening the economy and increasing investors’ confidence in the economy of that country.

The human rights lawyer opined that the suspended CBN Governor played the exact opposite role, saying “he has helped, incrementally and instalmentally, to damage, if not destroy, the very fabric of confidence in the very economy he is supposed to protect.

Sanusi went about recklessly making outrageous donations in billions of Naira to universities and other social causes, clearly outside the Primary mandate of the Central Bank.”

 

Sanusi Talked Too Much, Spent N1.2bn On Guards, Police Lunch – Ozekhome


mike-ozekhome

Lagos-based constitutional lawyer, Chief Mike Ozekhome, SAN, yesterday, accused the suspended Governor, Central Bank of Nigeria (CBN), Mallam Sanusi Lamido, of spending N1.257 billion in 2012 on private guards and lunch for policemen.

Ozekhome pointed out that the suspended governor was guilty of most of the allegations that led to his ouster.

“CBN under Sanusi also expended N1.257 billion in 2012 on private guards and lunch for policemen. CBN claimed to have paid N38.233 billion to the Nigerian Security Printing and Minting Company Ltd (NSPMC) in 2011 for the printing of bank notes, whereas the same NSPMC reported a total turnover of N29.370billion for all its transactions in the same 2011”, the lawyer said.

“Without basing it on acceptable legal mandate, prudence in spending and overriding national interest. The CBN under Sanusi is said to have either executed or is executing currently over 63 ‘intervention projects’ across Nigeria, without appropriation or authority. Sanusi approbated and reprobated, simultaneously, on many issues, blowing hot and cold at the same time.

“He violated global principles of public decorum expected of holders of such a revered office. The Governor undoubtedly deployed huge sums of money without appropriation, and without basing it on acceptable legal mandate, prudence in spending and overriding national interest”.

According to him, a Central Bank Governor is to be seen and rarely heard, if ever, except only on crucial financial, monetary and economic matters, where his public intervention is called for, with a view to strengthening the economy and increasing investors’ confidence in the economy of that country.

Ozekhome said the ousted governor played the exact opposite role, saying “he has helped, incrementally and instalmentally, to damage, if not destroy, the very fabric of confidence in the very economy he is supposed to protect. Sanusi went about recklessly making outrageous donations in billions of Naira to universities and other social causes, clearly outside the Primary mandate of the Central Bank.”

INVESTIGATION!!! Mallam Sanusi Lamido: Illegal Donations Made as CBN Governor.


 

The Federal government is continuing their inquiry on some of the numerous and unexplained donations made unilaterally by the CBN governor, Mallam Sanusi Lamido. Some of the illegal donations are listed as below.

1] Bayero University, Kano – — N4 billion
2] Uthman Dan Fodio University, Sokoto – N10 billion.
3] University of Benin, Benin – N500 million.
4] Kano State Govt. —- N100 million.

History have Never recorded such a reckless, unprofessional, unethical and mindless abuse of office as experienced in Sanusi Lamido Sanusi role as CBN boss.
Nigerians are waiting for his explainations.

B-R-E-A-K-I-N-G News!!! Presidency Sends Sanusi Lamido Sanusi Home


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The false alarmist CBN Governor, Mallam Sanusi Lamido Sanusi 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. … Sanusi Lamido Sanusi’s order to proceed to a forced to leave will come months before his term expires in 2014. Mallam Sanusi Lamido wrote a fallacious letter to the President, complain about missing £50billion, from funds NNPC suppose to remit to the Federation accounts. Regrettable after a two-day of reconciliation with NNPC, FIRS, DPR and CBN, Mallam Sanusi aplogised to Nigerians that he got his figures wrong and blamed his staffs for providing him with wrong data. He concluded that $12billion was the new difference, while the team saw a difference of N10billion. After about 3 more days of reconciliation, the CBN announced that the N10billion was actually remitted to CBN months before Sansui’s false alarm, under a separate heading by FIRS and DPR (Department of Petroleum Resources).
Sanusi’s tenure was marred with controversies, especially his inability to reconcile the accounts of CBN or making accounts of CBN available to Nigerians or lawmakers. He was using the bank’s funds for personal donations to unapproved causes.
CBN sources revealed that Mallam Sanusi Lamido refused to forgive President Jonathan after the President stopped his printing of new N5,000 Naira note, which the CBN governor have already finalized discussions with overseas contractors.
According to them, the best way to get at President Jonathan for stopping his pet-project, the New N5,000 Note, was to soil his administration integrity with such frivolous corruption allegation, but he was shocked on how experts from Federal Inland revenue, DPR and NNPC busted his lies. This forced Sanusi to make an open apology to the respective departments and Nigerians on television