Two Ex-CBN Governors may be facing the searchlight of the Federal Government which may soon probe their tenures.
Sanusi, Soludo
In a new development, the Federal Government is considering probing
the tenures of two former Central Bank of Nigeria (CBN) governors.
The two CBN Governors involved are Prof. Charles Chukwuma Soludo and Alhaji Sanusi Lamido Sanusi.
The Sun reports that the probe would specifically cover the activities of the CBN between 2007 and 2014.
According to a top Presidency source, the probe, which was yet to
be finally approved by President Muhammadu Buhari, would focus on the
printing of naira notes under the authorisation of Soludo and the
management of CBN’s “surplus” finances under Sanusi, who is now Emir of Kano.
According to the source, government believed that the handling of
projects and policies by the two ex-CBN governors had issues that needed
clarification.
Sanusi recently cautioned the incumbent administration not to
engage in acts that would make it end like the administration of
President Goodluck Jonathan. He criticised the FOREX policy of the
government, which, he argued had enabled some people to make huge money
without any investment.
Soludo on the other hand had also faulted some economic policies of
the government recently. The source, however, denied that the planned
probe the two former
CBN governors had anything to do with their criticisms of the
government. Rather, the source claimed that the president would not
gloss over any corruption matter no matter the individuals involved and
the time it took place.
He said: “We believe that questions that have not been
completely answered must be brought forward and clarified as a way of
ensuring that the nation’s institutions do the right thing at all
times.”
He continued: “If certain questions were left hanging by the
past administrations, this should be the time to clear themselves since
this administration is determined to fight corruption and corrupt
tendencies. The move would also help any of the past officials to clear
themeselves of any perceived wrongdoing.”
According to the source, while Soludo’s tenure would be
investigated for the process of printing new naira notes, the tenure of
Sanusi would be probed for the distribution of FOREX earnings to Bureau
de Change operators as well as the report of the Financial Reporting
Council of Nigeria (FRCN), which had raised several allegations against
Sanusi.
Former president Jonathan suspended Sanusi on account of the FRCN report.
The 13-page report alleged that the former CBN governor spent N1.257 billion for lunch for policemen and private guards in 2012.
The Council also alleged that Sanusi as CBN governor made huge
payments to airlines for currency distribution, while also allegedly
holding an account balance of N1.423 billion for an unidentified
customer since 2008.
The FRCN also queried what it called approval of billions of naira
in “ambiguous payments” to invoices referred to as “Centre of
Excellence” and “Contribution to Internal National Security,” by the CBN
under Sanusi.
The apex bank was said to have paid N38.233 billion to the Nigerian
Security Printing and Minting Company (NSPMC) Plc in 2011 for the “printing of bank notes” whereas the turnover of the entire printing and minting company group for the year stood at N29.370 billion.
Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist
Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world
Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists
Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists
Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose
Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions
Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest
Are You On Twitter? Follow Us Now For Latest Updates - @tonygists
Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists
Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists
© 2024 Tonygists | Portions are © 2024 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.
