Sanusi Talked Too Much, Spent N1.2bn On Guards, Police Lunch – Ozekhome

mike-ozekhome

Lagos-based constitutional lawyer, Chief Mike Ozekhome, SAN, yesterday, accused the suspended Governor, Central Bank of Nigeria (CBN), Mallam Sanusi Lamido, of spending N1.257 billion in 2012 on private guards and lunch for policemen.

Ozekhome pointed out that the suspended governor was guilty of most of the allegations that led to his ouster.

“CBN under Sanusi also expended N1.257 billion in 2012 on private guards and lunch for policemen. CBN claimed to have paid N38.233 billion to the Nigerian Security Printing and Minting Company Ltd (NSPMC) in 2011 for the printing of bank notes, whereas the same NSPMC reported a total turnover of N29.370billion for all its transactions in the same 2011”, the lawyer said.

“Without basing it on acceptable legal mandate, prudence in spending and overriding national interest. The CBN under Sanusi is said to have either executed or is executing currently over 63 ‘intervention projects’ across Nigeria, without appropriation or authority. Sanusi approbated and reprobated, simultaneously, on many issues, blowing hot and cold at the same time.

“He violated global principles of public decorum expected of holders of such a revered office. The Governor undoubtedly deployed huge sums of money without appropriation, and without basing it on acceptable legal mandate, prudence in spending and overriding national interest”.

According to him, a Central Bank Governor is to be seen and rarely heard, if ever, except only on crucial financial, monetary and economic matters, where his public intervention is called for, with a view to strengthening the economy and increasing investors’ confidence in the economy of that country.

Ozekhome said the ousted governor played the exact opposite role, saying “he has helped, incrementally and instalmentally, to damage, if not destroy, the very fabric of confidence in the very economy he is supposed to protect. Sanusi went about recklessly making outrageous donations in billions of Naira to universities and other social causes, clearly outside the Primary mandate of the Central Bank.”

8 COMMENTS

  1. This are the kind of cash and carry lawyers, the charge and bail SAN, that allowed is personal grudges against Sanusi to superceed the truth on ground,if you have gone to solicit for consultancy job at CBN and you are not given, that does not mean that you should mislead the public.time they say is the best hiller of a wound.time shall tell who is right or wrong,history beckons.

  2. Under a good government that isn’t engulfed and embedded in CORRUPTION LIKE NIGERIA., the CBN GOVERNOR is rarely heard. The level of CORRUPTION is so astronomical that no RESPONSIBLE person can stomach it ,even when his job is at risk. Corruption ison the increase and my PRESIDENT is TRIVIALIZING it. What should any REASONABLE person do, look on or certify it?

    • YOUR IDEAS AND CONCERN FOR NIGERIA IS WONDERFUL AND THAT IS WHY I BELIEVE AND STRONGLY SUPPORT YOU THAT THE SUSPENDED NUMBER ONE MAN OF OUR FINANCIAL INSTITUTIONS SHOULD BE SERIOUSLY TRIED AND INVESTIGATED FOR ALL THE ALLEGATIONS AGAINST HIM. THIS SERVE AS A DETERRENT TO OTHERS.

  3. Am highly disappointed the way most of our so called learned person are handling ds sanusi issue,their common slogan now is sanusi is too louder & talkative.wats dt has to do wt exposition of govt corruption to d public.an adage says, “close mouth is a close destiny. U cnt be comparing most past corrupt cbn govs wt sanusi by all standard, they compromised evil wt their bosses @ d detriment of d public. If u lawyers cnt help nation out of corruption, then we are doomed.where is justice can be found if third arms of government can not rise up & fight d good fight of faith 4 d liberation of common man, then where are we heading to 4 GOD sake. If mike ozekhome can be talking d way he did ds morni @ sunrise channel program, then Nigeria is doomed. Nigerians are crying, he was talking sanusi is talkative. Is there no truth @ all in sanu.si’s talk?mike ozekhome talk as a learned one please

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