SSS TO APPEAL SANUSI JUDGMENT

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Embattled Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido last week secured a major victory over the Federal Government when a federal high court in Lagos ruled that his arrest and the seizure of his international passport were unlawful. The court also ruled that the Federal Government and the Department of State Services should pay him damages in the region of N50 million.

 

The judgment will be appealed according to the spokesperson of the Department of State Services; Mrs Marilyn Ogar. Also efforts by the Attorney General of the Federation to stop the court from passing judgment based on jurisdiction was dismissed summarily by the court. Will Sanusi get the better of the presidency through the court?

Read More: Sanusi Lamido; SSS

SUBMIT YOUR SAMPLE CHEQUES - CBN ORDERS BANKS

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The Central Bank of Nigeria has ordered all commercial banks in Nigeria to submit sample copies of their chequebooks before and after production. They are to submit to the Cheque Standard Administration Unit of the CBN for analysis and approval.

The move would allow the CBN to confirm the personalisation and security features of the chequebooks. It would also allow CBN to enforce compliance to standards by the banks. Accredited cheque printers in the country were also mandated to do same as soon as they got production contracts. What do you make of the CBN's orders?

Read More: Bank Sample Checks

PANICKING BANK CHIEFS PRESSURED JONATHAN TO SUSPEND ME - SANUSI

Sanusi Lamido Sanusi

Sanusi Lamido Sanusi

Goodluck Ebele Jonathan

Goodluck Ebele Jonathan

Light has been shed on the events that led to the suspension of former CBN governor, Lamido Sanusi. He claims his stubbornness at getting to the root of the missing $20b made sure the president had to do something drastic. Reports say that in a meeting with the country's commercial bank chiefs, he had insisted he will force all of them to open their books since they weren't co-operating. 

He especially fingered two bank chiefs who got jittery and immediately notified the petroleum minister who in turn pressured the President. Sanusi insists the money was laundered to finance next year's elections. The Finance Minister had after the suspension insisted on an independent audit of the NNPC. Let's not forget the Auditor General said his office wasn't constitutionally empowered to do such after announcing he had 12 auditors on the NNPC books. Do you have hope we will get to the root of this matter?

Read More: Why Sanusi was sacked