Governor of Central Bank of Nigeria (CBN), Mallam Lamido Sanusi will proceed on retirement leave effective April 1st 2014, two months to the end of his tenure.
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It would be recalled that President Umaru Musa Yar'Adua nominated Sanusi as Governor of the Central Bank of Nigeria on June 1, 2009 and his appointment was confirmed by the Senate on. June 3, 2009. Hence his five year tenure is scheduled to end on June 3rd 2014.
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CENTRAL Bank of Nigeria (CBN) Governor, Lamido Sanusi Contrary to speculations that he has been forced to immediately procede on retirement leave, investigations revealed that Sanusi will still be CBN Governor till March 31st.
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Though, when contacted, Director of Corporate Communications, Mr. Ugo Okoroafor said he was not aware of the CBN Governor being forced to proceed on retirement leave, a highly placed regulatory official, who pleaded anonymity confirm that Sanusi is scheduled to proceed on terminal leave after March 31st. He however said this is normal, and it is not true that the Governor is being forced to proceed on leave.
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"It is a normal thing; some people go on six months, some on three months. So, there is nothing abnormal about it. You cannot force your Central Bank Governor to go on leave, it could damage the economy", the source said.
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But this did not apply to Sanusi's predecessor, Professor Charles Soludo, who left office on May 29th, when his tenure expired. A CBN source however said this was because Soludo was hoping he would be appointed for a second term.
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According to the source who pleaded anonymity, the issue of the governor going on retirement leave is a normal thing for us.
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It would be recalled that Sanusi had in a chat with Bloomberg on March 24th indicated his intention not to seek second term as CBN Governor.
Okay then, he has done enough already. But i hope he wasn't involved in any corrupt activity else it will come to the open
Quitting office was long expected already because it was known to all Nigerians. He's had a good tenure though