CBN (Central Bank of Nigeria) - New Nigerian Politics

Passport seizure: Sanusi floors FG, SSS

Posted by admin CBN (Central Bank of Nigeria), Latest Politics Friday, April 4th, 2014

A Federal High Court in Lagos has ordered the Federal Government, the State Security Service and the police to immediately release the passport of the suspended Governor of the Central Bank of Nigeria, Mallam Lamido Sanusi. The court, in a judgment it delivered on Thursday, also directed the respondents, including the police, to pay N50m […]

Sanusi wins law suit against FG, awarded $300,000

Posted by admin CBN (Central Bank of Nigeria), Headlines Thursday, April 3rd, 2014

A Nigerian court has awarded about $300,000 (£180,000) in damages to suspended central bank chief Lamido Sanusi after he filed a harassment case against the government. The court also ordered that Mr Sanusi be given back his passport, and he should not be detained unlawfully. He was briefly detained in February, soon after his suspension. […]

Sanusi sponsoring terrorism – FG

Posted by admin CBN (Central Bank of Nigeria), Latest Politics Monday, March 31st, 2014

The Director of Defence Information, Maj.-Gen. Chris Olukolade, has confirmed the death of two soldiers with six others missing in a clash between the Special Forces and the insurgents between Friday and Saturday. Olukolade said that most of the 20 soldiers who were reported missing in the latest battle at the Sambisa forest had returned […]

FRC Indicts CBN, Sanusi on Financial Reporting

Posted by admin CBN (Central Bank of Nigeria), Headlines Friday, March 28th, 2014

The Financial Reporting Council of Nigeria (FRCN) on Thursday said the Central Bank of Nigeria (CBN) did not comply with the International Financial Reporting Standard (IFRS) in its 2011/2012 financial year report. The Executive Secretary of the FRC, Mr Jim Obazee, said this at the hearing to investigate the CBN on its activities for financial […]

Sanusi shuns FRC panel, sitting suspended

Posted by admin CBN (Central Bank of Nigeria), Latest Politics Thursday, March 27th, 2014

Mallam Lamido Sanusi | credits: 247ureports.com The Financial Reporting Council of Nigeria on Thursday alleged that the Central Bank of Nigeria under the leadership of the suspended governor, Mr. Lamido Sanusi, spent N500bn as intervention fund in various sectors without obtaining the approval of its Board or the Federal Executive Council. It also alleged at […]

Sanusi: Whistleblower or Hypocrite? – By Tochukwu Ezukanma

Posted by admin Articles, CBN (Central Bank of Nigeria), Columnists, NNP Columnists, Tochukwu Ezukanma Sunday, March 9th, 2014

By Tochukwu Ezukanma | Lagos, Nigeria | March 09, 2014 – The feverish disputation over the suspension of the Governor of the Central Bank of Nigerian (CBN), Sanusi Lamido Sanusi, by President Goodluck Jonathan dramatizes a major problem of Nigerian politics. Nigerian political parties lack ideological and philosophical anchors. Without ideological and philosophical differences between […]

CBN approves closure of 83 micro-finance banks

Posted by admin CBN (Central Bank of Nigeria), Headlines Tuesday, March 4th, 2014

Abuja – The Central Bank of Nigeria (CBN) has approved the liquidation of 83 micro-finance banks, Alhaji Umaru Ibrahim, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), said on Tuesday in Abuja. Ibrahim, who made the disclosure when he appeared before the Senate Committee on Banking and Currency to defend NDIC’s 2014 budget, said the […]

Sanusi: Suspension or Termination? – By Arnold A. Alalibo

Posted by admin Arnold Alalibo, Articles, CBN (Central Bank of Nigeria), Columnists, NNP Columnists Sunday, March 2nd, 2014

By Arnold A. Alalibo | NNP | March 2, 2014 – “I have no regrets; I have no ill feelings and with no sadness. I’m happy; I’m proud of what I have done”. These were the words of Sanusi as he reacted to his suspension as the Governor of the Central Bank of Nigeria, (CBN), […]

Sanusi’s sack: Debating facts or sentiments?

Posted by admin CBN (Central Bank of Nigeria), Headlines Thursday, February 27th, 2014

By ONOFIOK LUKE The stormy ending of Mallam Sanusi Lamido Sanusi’s tenure as Central Bank of Nigeria (CBN) Governor did not come as a surprise to many keen followers of recent events around the apex bank. The CBN has in the past few months become a theatre of melodramas, with the suspended governor’s histrionics, featuring […]

CBN workers express mixed feelings

Posted by admin CBN (Central Bank of Nigeria), Headlines Sunday, February 23rd, 2014

The removal of Mr. Lamido Sanusi as the governor of the Central Bank of Nigeria has not affected the mood of workers at the Abuja headquarters of the apex financial institution. Our correspondent, who visited the headquarters of the bank on Friday observed the workers performing their duties as if nothing had happened. A senior […]