Politics
Former CBN Governor Lamido Sanusi Questions Scarcity Of Dollars Despite The End Of Subsidies In Viral Video
Former CBN Governor Lamido Sanusi Questions Scarcity Of Dollars Despite The End Of Subsidies In Viral Video....KINDLY READ THE FULL STORY HERE▶
Written By Oshiobugie Omo-Ikirodah
In a recent viral video, former Central Bank of Nigeria (CBN) Governor Lamido Sanusi passionately addresses a pressing issue that has captured the nation’s attention—the scarcity of dollars despite the federal government no longer paying for fuel subsidies. CONTINUE READING
In the video, Sanusi, known for his outspoken views, questions why the Nigerian National Petroleum Company Limited (NNPCL) is unable to generate sufficient dollars. He emphasizes that this critical inquiry into the allocation and utilization of foreign exchange is what cost him his job.
The former CBN governor, who previously served during the administration of President Goodluck Jonathan, advocates for a thorough audit of the NNPCL. He underscores the urgency of shedding light on the financial operations of the national oil company to address the scarcity of dollars in the country.
Watch the video here: https://x.com/Imranmuhdz/status/1733056796208648633?s=20
Sanusi’s remarks were delivered at The Bank Directors Summit held at the Congress Hall of the Transcorp Hilton in Abuja. He calls for transparency in financial institutions, emphasizing the importance of the Asset Management Corporation of Nigeria (AMCON) and the Nigeria Deposit Insurance Corporation (NDIC) remaining in place until banks fulfill their financial obligations to the system. CONTINUE READING
Expressing his perspective on the banking sector, Sanusi highlights the need for trust-building measures to bridge the existing deficit in public confidence. He asserts that the CBN Act should remain unaltered to maintain the apex bank’s independence from political influences.
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