President Jonathan's decision to suspend CBN Governor, Sanusi
Lamido Sanusi yesterday Feb. 20th was based on a report of the Financial Reporting Council of
Nigeria, FRCR dated June 7, 2013. In the report, FRCR ripped apart the 2012 audited financial statement of CBN and
exposed what it termed as 'fraud', 'clear display of incompetence',and 'excesses and wastefulness of Sanusi and the CBN.'
The 13-page report claimed a whooping N1.257 billion was spent for
'lunch for policemen'. There were also bogus payments to airlines to
distribute currency nationwide. The FRCR also claimed CBN has held an
account with a balance of N1.423b for an unknown customer since 2008.
The report had recommended the sack of Sanusi and his deputy.
No comments:
Post a Comment
Post a comment here.