Politics
Jonathan Explains Reasons For Sanusi’s Suspension From Office
Jonathan Explains Reasons For Sanusi’s Suspension From Office....KINDLY READ THE FULL STORY HERE▶
Former President Goodluck Jonathan on Thursday refuted claims that he suspended former Central Bank Governor Dr. Sanusi Lamido Sanusi—now the Emir of Kano—over allegations of $49.8 billion missing from the government’s accounts. During the launch of the book “Public Policy and Agents Interests: Perspectives from the Emerging World,” co-authored by former Minister of Finance Dr. Shamsudeen Usman, Jonathan insisted that no funds were unaccounted for, stating that the Central Bank leadership under Sanusi fabricated the allegation…..CONTINUE REARING
Sanusi’s assertion in the book that his dismissal stemmed from exposing the alleged disappearance of funds during Jonathan’s administration. Sanusi first raised concerns in 2013 about discrepancies in oil revenue remittances, originally citing $49 billion but later revising the figure to $20 billion after discussions with the finance ministry. The Jonathan administration quickly denied these claims, accusing Sanusi of attempting to undermine the government.
In February 2014, shortly after raising his concerns, Jonathan suspended Sanusi for “financial recklessness and misconduct” as Central Bank Governor. Many Nigerians viewed this suspension as politically motivated, linked to Sanusi’s whistleblowing.
While chairing the book launch, Jonathan acknowledged the book’s arguments but disagreed with Sanusi’s claims regarding the missing funds. He clarified that Sanusi was suspended, not fired, due to inquiries by the Financial Reporting Council into CBN expenditures, which revealed serious infractions that needed investigation.
Jonathan further emphasized that the alleged $49.8 billion loss seemed implausible, noting that Nigeria’s budget at the time was about $32 billion. He shared that former German Chancellor Angela Merkel questioned how such a significant amount could go missing without repercussions in a struggling nation. He pointed out the discrepancies in Sanusi’s claims, which shifted from $49.8 billion to $20 billion and later to $12 billion.
The former president cited PricewaterhouseCoopers’ investigation, which concluded that no such amount was missing, while the Senate Committee on Finance found the claims unfounded.
In response, Sanusi maintained that he was “constructively dismissed” and expressed respect for Jonathan, indicating no personal grievances. He also commented on the challenges facing the Dangote Refinery, lamenting missed opportunities due to vested interests within the government.
The event also marked the formal unveiling of the Shamsuddeen Usman Foundation, established by Usman’s children to promote education and Artificial Intelligence in Nigeria.
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