Politics The Two Petitions to World Bank and IMF that Nailed Sanusi

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Facts emerged on Thursday that President Goodluck Jonathan hastened up action on the controversial suspension of Central Bank of Nigeria (CBN) Governor, Lamido Sanusi, following certain petitions to both the World Bank and International Monetary Fund (IMF) by some Nigeria bank shareholders.

The President had said he suspended Sanusi on February 20 to allow investigation into some allegations of financial recklessness levelled against the Governor and some Deputy Governors of the CBN by the Financial Reporting Council of Nigeria.

But Daily Independent exclusively gathered on Thursday that Jonathan acted fast to suspend Sanusi after two separate petitions written by shareholders of the defunct Bank PHB Plc, Afribank Plc, Spring Bank Plc, Union Bank of Nigeria, Intercontinental Bank Plc and Oceanic Bank Plc to the two Bretton Woods institutions got to him.

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Source: Daily Independent
 
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