Sanusi's Suspension and the Key question!

Believe me when I say I have tried to avoid commenting or going near the Sanusi issue, but all attempts have failed me. Each time I try, I have been greeted with so much I can't hold back on. Let me state for the record here that I have no doubt that the president of the federal Republic has the right to sanction, suspend or sack the governor of the CBN after all, he is the boss and the commander in chief of the armed forces. I am not questioning his right to suspend or sack him. The president may even claim his suspension is due to security report received and in the supposed best interest of the country choose to suspend or sack him. Like I said, he is the president and commander in chief.

Also, let me establish here that I am not bothered about why he sacked or suspended him. I am still wondering if he was suspended because, the idea of suspension and supposed replacement does not tally. If he was suspended, why is a replacement necessary almost immediately? I thought suspension meant wait, we will investigate you, if you are found guilty, then we will replace you after sacking you. But to have suggested a replacement already, made  and still make me feel, the letter was wrongly titled. It should have read 'SACK' it is wrong to say one thing and mean another. Am just saying! OK to my issue, am not bothered about the 'why' I say this because you and I will never know the real reason. Do they owe you? No they don't.  The presidential adviser on media, Mr Doyin THE LION Okupe, may have explained some things which stood as, may be clear cut or unclear allegation against the CBN governor, I looked at the dates and wondered why the suspension is coming now and I can't place it. How? How? How? The president issued a 22 paragraph query to the governor on the 4th of May 2013. The CBN governor replied on the,22nd of may 2013. Follow my line of thinking, it was then forwarded to the financial reporting  council to further scrutinize and professionaly advise. But did you notice something in that response, it was not dated. The date it was forwarded to the council was not stated. Perhaps it was for personal or security reason. The body then replied the president according to Mr Doyin Okupe but no date. Was this a smart way to hide a fact or a truth? This raises a credibility question in the face of a very 'smart' defence.  Trust me, we really may never know the real reason Sanusi was suspended or may be 'sacked' that is why I said, I am not bothered about the why of his suspension. After all, I benefit nothing from it.

However, I, as a citizen of Nigeria, I am bothered about the When. Referring to the timing of his suspension or his sack. How come , the man was asked to leave office only at a time ( when) he requested to know what happened to the 20 billion missing money from oil account? Believe me, I am not a fan of Sanusi or the presidency, I don't benefit from either of them, but don't you think this raises a moral question? Questions credibility? Also, how come Sanusi had been allowed to stay in office till now if he was truly that corrupt as claimed by the presidential spokesman since May of 2013? Trust me, this amongst so many other issues raises the moral question, has the presidency acted rightly and in the interest of Nigerians? Or merely demonstrated his power as the commander in chief for political reasons? Only time will tell if at all it will. See the media report below.

The real reason Sanusi was suspended — Presidency

The Presidency yesterday explained that the suspension of governor of Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi was not related to witch hunt, but alleged cases of impunity, incompetence, non-challance , fraud, wastefulness, and gross abuse of and noncompliance with provisions of the Public Procurement Act 2007.According to the Presidency in a statement by the Senior Special Assistant to the President on Public Affairs, Dr Doyin Okupe, Sanusi’s sack by President Goodluck Jonathan was also not a deviation from the anti-corruption drive of the present administration.Okupe who explained that the issues that culminated into the suspension of the CBN Governor dates back to April 2013 following the submission of the CBN audited accounts for the year that ended on December 31st 2012 and which was submitted to the President by the Apex bank.The statement read, “there were several grievous issues bothering on impunity, incompetence, non-challance , fraud, wastefulness, and gross abuse of and noncompliance with provisions of the Public Procurement Act 2007 by Mallam Sanusi Lamido Sanusi.“This caused Mr President to issue a 22-paragraph query to the suspended CBN Governor on the 4th of May 2013 and the subsequent written explanation by Mallam Sanusi which was forwarded to the President on the 22nd of May 2013. After painstaking analysis and examination, the response was forwarded to the Financial Reporting Council of Nigeria for further scrutiny and professional advice.“The Financial Reporting Council of Nigeria thereafter forwarded a 13-page response to Mr President with various critical observations and far-reaching recommendations. One of the recommendations states thus “ Your Excellency may wish to exercise the powers conferred on Mr President by Section 11(2) (f) of the CBN ACT 2007 or invoke Section 11 (2) (c) of the said Act and cause the Governor and Deputy Governors to cease from holding office in the CBN.“It is also important to note the unrestrained manner, recklessness and impunity with which the CBN Governor had governed the apex bank in the last few years. In 2013 alone, the suspended CBN Governor single-handedly made spurious donations and awarded questionable contracts totaling 163 billion Naira (over 1 billion US dollars) to various institutions without recourse to the President as stipulated by Section 7 sub-section 5(a) of the CBN Act.Most unfortunate is the fact that of the 63 projects listed under the Corporate Social Responsibility of the CBN, ONLY 3 of the contracts above 1 billion Naira were referred to the bureau of Public Procurement as required by law.“It was based on this and other recommendations contained in the said report and after further consultations among stakeholders that Mr President in his wisdom and in the interest of probity, accountability and in order to preserve the integrity and sanctity of the Nations apex bank, decided to take the appropriate decision to place Mr Sanusi Lamido Sanusi on immediate suspension.“This action of Mr President is coming after a painstaking appraisal and investigation of all issues involved. The fact that this has occurred at the same period that Mr Sanusi accused the NNPC of non- remittance of 20 billion dollars to the Federation Account does NOT in any way derogate from the grave infractions and illegalities discovered in the audit report of the CBN and its operations.“For the avoidance of doubt, Nigerians should be assured that Government will go to any length to ensure that Mallam Sansui’s allegations against the NNPC are fully and conclusively investigated and if anyone is found culpable, they will be subjected to the full weight of the law.”- See more at: http://thebusinessdispatch.com/the-real-reason-why-sanusi-was-suspended-presidency/#sthash.62ydccKu.dpuf