CBN Vows To Remain Stable Despite Sanusi’s Suspension

By IAfrica
In Nigeria News Feed
Feb 20th, 2014
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CBN

The Central Bank of Nigeria (CBN) today reiterated its commitment to “remain stable” adding that it will continue to “facilitate the smooth functioning of financial markets as well as ensure currency and price stability” in the country.

In a statement by the Director, Corporate Communications, Isaac Okorafor, the apex bank noted that “it remains committed to achieving its core mandates as enshrined in the CBN Act 2007; particularly relating to price (exchange and interest rate), monetary and financial stability”.

The statement further confirmed the receipt of a letter from the Secretary of the Government of the Federation, Mr Anyim Pius Anyim, officially notifying the bank of the federal government’s decision to suspend the governor, Mr Sanusi Lamido Sanusi and the appointment of Mrs Sarah Alade as acting governor.

Mr Sanusi was suspended today by President Goodluck Jonathan over alleged financial recklessness and misconduct.

The president also directed the most senior deputy director, Mrs Sarah Alade to take over in acting capacity.

Meanwhile, President Jonathan has sent the name of Zenith Bank Boss, Mr Godwin Emefiele and Mr Adelabu Adekoya to the Senate for screening and approval as Governor and Deputy Governor of the apex bank respectively.

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