Buhari orders for Emir Sanusi’s and Soludo’s probe

Buhari orders for Emir Sanusi's and Soludo's probe

President Muhammadu Buhari has ordered a probe of Emir Sanusi’s leadership as the CBN Governor.

He also ordered that Professor Chukwuma Soludo be probed too.

Sources within Buhari’s kitichen cabinet said the probe will investigate the printing of naira notes under Soludo and the management of CBN’s “surplus” finances under Sanusi.

Sanusi and Soludo lent their voice on Buhari’s “focus-less” economic policies last week, asking the administration to take immediate steps.

A source in the presidency said that the planned probe did not have anything to do with the current postures of the former apex bank bosses.

Read Also: Why President Buhari’s policies are wrong — Emir Sanusi.

“We believe that questions that have not been completely answered must be brought forward and clarified as a way of ensuring that the nation’s institutions do the right thing at all times.

“If certain questions are left hanging by the past administrations, this should be the time to clear such issues.

“Buhari’s administration is determined to fight corruption and corrupt tendencies.

“The move would also help any of the past officials to clear their names of any perceived wrongdoing,” the source said.

The FG had suspended Sanusi in 2013 on allegations that he spent N1.25 billion on lunch for policemen and private guards.

The Buhari led administration it will be revisiting that 13-page report of presented by Financial Reporting Council of Nigeria (FRCN).

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Sanusi will be probed for the distribution of FOREX earnings to Bureau de Change operators.

He will also be made to answer to for alleged payments to airlines for currency distribution while he was CBN Governor.

The FRCN queried what it called approval of billions of naira in “ambiguous payments” to invoices referred to as “Center of Excellence” and “Contribution to Internal National Security,” by the CBN under Sanusi.

CBN had paid N38.233 billion to the Nigerian Security Printing and Minting Company (NSPMC) Plc in 2011 to print bank notes.

The turnover of the entire printing and minting company group for the year stood at N29.370 billion.

The probe would specifically cover the activities of the CBN between 2007 and 2014.