Aina, who made the suggestion while delivering his valedictory address in Lagos, said that the five-year tenure was inadequate for a serving governor to implement policies that would drive the banking sector
Browsing: Central Bank of Nigeria
In the suit, the plaintiff also maintained that the council’s declaration in a briefing note dated June 7, 2013 and submitted to President Goodluck Jonathan ultra vires its powers as contained in the FRCN Act, 2011
Dismissing the objection, Buba held that the provisions of sections 11 of the Labour Act, cannot take away the jurisdiction bestowed on the FHC by the Constitution
Emefiele, who said this at the 23rd Annual General Meeting of Zenith Bank Plc in Lagos, said the bank would be firm and just to ensure growth of the economy
The application for enforcement of fundamental rights was filed by Sanusi, through his Counsel, Prof. Yemi Osibanjo (SAN)
The FRCN had through a letter dated March 14, 2014, invited Sanusi to give explanation on some of his activities at the CBN
The Acting Governor of the apex bank, Dr. Sarah Alade, made this known while briefing newsmen on the outcome of the 94th Monetary Policy Committee meeting in Abuja
The fire, according to sources, started at about 5:40pm
Barau told the committee that the bulk of the 2013 excess expenditure was spent on “liquidity management” of the country’s economy
It is now my sincere hope that, having painstakingly provided detailed explanations, backed by verifiable documents, His Excellency, Mr President will find the response satisfactory, and in line with his adherence to fairness and justice, revisit and redress the issue of my suspension
Justifying further the suspension, the President said the CBN Act was an anomaly because the CBN governor is the Chief Executive Officer and at the same time the Chairman of the CBN board
In a statement issued in Lagos on Sunday by its Interim National Publicity Secretary, Alhaji Lai Mohammed, the party said the way the Presidency has been campaigning to malign Sanusi, using the report of the Financial Reporting Council of Nigeria, which it described as obscure, shows that it is working hard to sweep the issue of the missing funds under the carpet and punish Sanusi for daring to expose the fraud
This was contained in a statement issued on Saturday in Abuja by Isaac Okoroafor, the bank’s Deputy Director, Corporate Communications
Aside this, Sanusi was accused of spending close to N2 billion on air charter for the local distribution of currencies, with one of the benefitting airlines, Emirate Airlines, not operating locally in Nigeria
Sanusi was also granted the leave of the court for the service of the originating summons and other accompanying court processes on the defendants outside the jurisdiction of the court and in Abuja
He, however, did not disclose the amount that the NPDC received from the NNPC for capital and operational expenditure
In 2013 alone, the suspended CBN Governor single-handedly made spurious donations and awarded questionable contracts totaling 163 billion Naira (over 1 billion US dollars) to various institutions without recourse to the President as stipulated by Section 7 sub-section 5(a) of the CBN Act
Top on the reasons for the suspension of Sanusi, as stated by Jonathan on Thursday, is the financial recklessness of the Kano State born technocrat
In his place, he has appointed Dr. Sarah Alade as the acting governor of the bank
The News Agency of Nigeria reports that the BVN is a biometric authentication of bank customers using Point of Sale and Automated Teller Machines