Skip to main content

On The Suspension Of The CBN Governor By Femi Falana

 
alt
Femi Falana (SAN)
By Femi Falana
 
"Very recently, President Goodluck Jonathan was reported to have asked Mr Sanusi Lamido Sanusi to resign as the Governor of the Central Bank . Convinced that he could only be removed by the President with the approval of the Senate Mr Sanusi turned down the request and dared the President to remove him. Having regard to his irreconcilable differences with the Jonathan Administration on the operation and management of the Federation Account Mr Sanusi ought to have voluntarily resigned his appointment. But he decided to remain in office while taking the Administration to the cleaners at the tail end of his 5-year tenure. To that extent, Mr Sanusi has himself to blame for his suspension from office on account of alleged financial recklessness.

Since Mr Sanusi has been placed on suspension the law presumes that he is still the substantive Governor of the CBN. Therefore, pending the end of his tenure or removal from office through the Senate there is no basis for the appointment of a new CBN governor. President Jonathan is advised to suspend the process for the replacement of the CBN governor by withdrawing the new nomination forwarded to the Senate as the nation cannot have a suspended governor and a substantive governor of the CBN at the same time. In the alternative, the Senate should put off any debate on the fresh nomination pending the end of the tenure of the suspended governor.
 
However, the diversion of huge public funds from the Federation Account alleged by Mr Sanusi should not be swept under the carpet. At the same time, the allegations of financial recklessness leveled against Mr Sanusi ought to be investigated without any delay. Once again, I call on the Federal Government to allow the Auditor-General of the Federation to audit the accounts of the CBN and the NNPC by virtue of section 85 of the Constitution. The reports of such audit should then be submitted to the National Assembly for necessary action in line with the provisions of section 85(4) of the Constitution."...........by Femi Falana, SAN.

Comments

Post a Comment

Popular posts from this blog

OBOREVWORI: How Not To Glorify A 'One Chance' Governor - By Zik Gbemre

It is appalling how, in desperation to sustain its thieving hegemony over the Delta State Government since 1999, the Delta PDP had the audacity to impose the weakest, most uninformed contender, a local champion, as Governor over a state replete with accomplished men and women of immense capacity. Given this unenviable privilege, one would have expected the fortunate placeholder governor, Sheriff Oborevwori—whose only election campaign manifesto was pledging to improve on the failed leadership of Ifeanyi Okowa, his predecessor—to engage creative minds and individuals of proven integrity to assist him in making a difference. Rather than doing the needful, Oborevwori has worsened matters by electing to engage the same spent leaders, deadwood, and gluttons that have gained prominence in running the state down over successive administrations. The result has been a government of mediocre officeholders competing to run the state for their pockets at the detriment of the populace, under a gove...
Post a Comment
Read more

EDO GUBER ELECTION: Omo-Agege, Faith Majemite, Others Appointed Into APC National Campaign Council

Ahead of the September 21 governorship election in Edo State, the National Working Committee of the All Progressives Congress (APC) unveiled a 197-member council on Wednesday to lead its campaign. According to the list released by APC National Organising Secretary, Sulaiman Argungu, Cross River State Governor Bassey Otu has been appointed as the chairman of the campaign council. Governor Otu will be supported by Katsina State Governor Dikko Radda as co-chairman and former Edo State Governor Adams Oshiomhole as deputy chairman. Other members of the 197-member team include Senator Ovie Omo-Agege, who will serve as Assistant Secretary; Senate President Godswill Akpabio; Speaker of the House of Representatives, Tajudeen Abbas; Minister of Aviation, Festus Keyamo; Ogun State Governor, Dapo Abiodun; Lagos State Governor, Babajide Sanwo-Olu; Hon. Faith Majemite; and other governors elected on the APC platform. The recently reinstated Deputy Governor of Edo, Philip Shaibu, who recently defecte...
Post a Comment
Read more

THE ENDURING LEGACY OF LEADERSHIP: Chief James Ibori Celebrated for His Impact on Delta State

On Friday, May 31st, during the funeral service for the Late Asagba of Asaba, the essence of true leadership was vividly displayed. The service featured the introduction of various dignitaries, including Senator George Akume, Secretary to the Government of the Federation who represented President Bola Tinubu, Governor Sheriff Oborevwori, Governor Godwin Obaseki, and Former Governor Ifeanyi Okowa. As each dignitary was introduced, the church remained silent. However, the atmosphere dramatically changed when the name of Former Governor James Ibori was announced; the congregation erupted in wide jubilation and applause. This reaction was so profound that even Senator George Akume and Governor Obaseki could not hide their astonishment. The enthusiastic reception for Chief James Ibori during this solemn occasion highlighted his enduring legacy among the people of Delta State. Despite having left office seventeen years ago, he continues to be celebrated whenever he attends public functions i...
Post a Comment
Read more