Inside Financial Reporting Council’s allegations against CBN Governor, Sanusi
The Financial Reporting Council of Nigeria, FRCN, has released a damning report on the operations of the Central Bank of Nigeria, CBN, under its embattled Gover“If the Council does not investigate the cases of corruption in many other institutions of government, then it would be seen to be selective in its anti-corruption drive. They cannot claim to be fighting corruption in one sector when almost every sector of the nation’s economy is riddled with corruption and official recklessness.” Also speaking on the issue, fiery Lagos lawyer, Femi Falana, said Mr. Sanusi remained the substantive governor of the CBN, even when he is under suspension. Mr. Falana faulted the move by the President to appoint a new governor for the apex bank. He said, “The law presumes that Mr. Sanusi is still the substantive Governor of the CBN even when he has been placed on suspension. There is no basis for the appointment of a new governor for the apex bank until the end of Mr. Sanusi’s tenure or remova