Sanusi’s suspension bad omen to investors, says Tambuwal

By IAfrica
In Nigeria News Feed
Feb 24th, 2014
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•Speaker, Kwankwaso visit Obasanjo

House of Representatives Speaker Aminu Waziri Tambuwal spoke yesterday on Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi’s suspension, saying it would send “wrong signal to investors”.

Tambuwal spoke yesterday at former President Olusegun Obasanjo’s mansion at Olusegun Osoba Hill – Top, Abeokuta, the Ogun State capital. He arrived at the mansion at 10: 35am in a convoy of four vehicles.

With the Speaker were: Deputy Minority Leader Kawu Sumaila(Kano) and House members Ajibola Muraina (Osun) and Aminu Shagari (Sokoto)

About 37 minutes earlier, the Ohinoyi of Ebiraland, Ado Ibrahim, Kogi State, had also arrived the former President’s home by 9:58am in a convoy of three Sport Utility Vehicles (SUVs). He left before Tambuwal’s convoy entered.

Also yesterday, Kano State Governor Rabiu Musa Kwankwaso visited the former president.

Kwankwaso was on his way from Lagos to Ibadan for today’s Progressives Governors’ Forum event, stopped over in Abeokuta where he held a short meeting with Obasanjo. Details were not released.

When the Speaker emerged at 11:45am after an hour – long meeting, he fielded questions from reporters waiting for him within Obasanjo’s expansive compound.

Tambuwal said the suspension by President Goodluck Jonathan portends grave danger to the economy as it could erode investors’ “confidence” in the financial sector.

Tambuwal said: “Well, whether (Sanusi’s suspension) it’s lawful, legal or illegal, the personality involved has told everybody that he is going to court and I believe that he is already in court on that suspension.

“On the implications on the economy, I’m not an economist, but I personally feel that will definitely send wrong signals to investors because, you need to have confidence in financial institution, particularly the independence of the financial institution of a country, before investors will consider such a country worthy of their investments. So, I have my concern about that.”

The Speaker also dispelled the speculation that he was scheming to leave the Peoples Democratic Party (PDP) for another party, particularly the All Progressives Congress (APC), saying he is still in PDP.

He said: “I am just visiting our national leader of PDP. Myself and Baba are in PDP. Baba Obasanjo is a leader, not only in Nigeria, but in Africa and it is only appropriate for us in positions of authority and leadership to occasionally come and consult Baba on matters of national interest and that is what we are here for today.

“There are lots of issues in Nigeria today. Of course, there is the issue on Petroleum Industry Bill (PIB) that we are considering in the House; we are doing constitution amendment in the House and a host of other very key and important legislations before the parliament.

“So, we needed to consult our leaders on such very important and vital legislations before we conclude what we are doing on them and Electoral Act is likely to be amended. So, from his wealth of experience, we needed some input from Baba.”

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