naijaXclusive: president johnathan

Former CBN Governor Sanusi Sues President Goodluck Johnathan To Court

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Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi 
has finally concretised his threat to sue President Goodluck Jonathan 
over his removal as head of the bank last week.<br /><br />According to a 
suit filed at a Federal High Court sitting in Abuja late on Monday, 
Sanusi is challenging his suspension from office; and he has implored 
the court to, among others, restrain the president — alongside Attorney 
General of the Federation (AGF) and the Inspector General of Police 
(IGP) — from giving effect to his suspension, pending the determination 
of his lawsuit.<br /><br />He is also seeking an order of interlocutory 
injunction restraining the defendants from obstructing, disturbing, 
stopping or preventing him in any manner, from performing the functions 
of his office and enjoying in full, the statutory powers and privileges 
attached to the office of the governor of the CBN.<br /><br />Making a case 
for the reasons why the court should grant the prayers in his 
interlocutory application, he said the president’s unlawful interference
 with the management and administration of the CBN can only be left 
unaddressed at the expense of the country’s economy. Granting his 
application, he argued, will encourage parties to maintain the status 
quo until the determination of the substantive case.<br /><br />In a 
supporting affidavit, Sanusi maintained that his suspension is the 
consequence of his outcry over the $20bn in crude oil sales that was 
unremitted by the Nigeria National Petroleum Corporation (NNPC). He 
explained that while performing his duties as Governor of CBN, he 
discovered certain discrepancies in respect of amounts repatriated to 
the federation account from the proceed of crude oil sales between the 
period of January 2012 and July 2013.<br /><br />He said he expressed 
concerns about the said discrepancies and went ahead to notify the 
National Assembly, considering its huge effect on revenue of the 
federation and the national economy. His suspension, he insisted, is 
aimed at punishing him for the disclosures.<br /><br />Sanusi stated clearly
 that he was challenging the president’s power to suspend him from 
office, especially as the Senate was not approached to ratify the 
decision.<br /><br />“I have been informed, and I verily believe the 
information given to me by Senator Bukola Saraki to be true and correct 
that the Senate did not give the president any support for my purported 
suspension and removal from office as Governor of the Central Bank of 
Nigeria”, a part of the document read.<br /><br />He described his 
suspension as a contravention of provisions of the Central Bank of 
Nigeria Act relating to the appointment and removal of the CBN Governor.
 He therefore branded the act an unlawful interference in the 
administration and management of the apex bank, which is illegal, null 
and void.<br /><br />President Goodluck Jonathan suspended Sanusi Lamido as 
CBN Governor on 20th February 2014, claiming reliance on a report of the
 Financial Reporting Council of Nigeria (FRCN) that indicted the 
governor of “financial recklessness and misconduct”.<br /><br />But the 
widespread belief is that Sanusi’s suspension was triggered by his 
well-documented outspokenness, particularly his recent revelation of 
NNPC’s failure to remit $20bn in crude oil sales to the federation 
account.<br /><br />During his presidential media chat yesterday, Jonathan 
claimed that Sanusi remains the governor of CBN, yet the president 
nominated both an Acting Governor and a substantive replacement for 
Sanusi exactly on the day his suspension was announced.

Former CBN Governor Sanusi Sues President Goodluck Johnathan To Court

Governor of Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi has finally concretised his threat to sue President Goodluck Jonathan o...

6:59 pm

Xclusive PHOTOS: President Jonathan & Wife, Dame Patience arrive in Beijing, China

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President Goodluck Jonathan and the First Lady are currently in China to
 make some deals related to economic which will be signed when 
agreements are reached between both countries </div>
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According to reports the the deal will include an Agreement on Defence 
Cooperation between Nigeria and China, an Agreement on Economic and 
Technical Cooperation; an Agreement on Finance for the Zungeru Power 
Plant and Airport Terminals; and an Agreement on Mutual Visa Exemption 
for Holders of Diplomatic and Official Passports.</div>
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See more photos after the cut </div>
<a href="http://www.blogger.com/blogger.g?blogID=5438533803477296299" name="more"></a><img alt="aa" height="432" src="http://www.ynaija.com/wp-content/uploads/2013/07/aa-670x453.jpg" width="640" /><img alt="ARRIVAL" height="424" src="http://www.ynaija.com/wp-content/uploads/2013/07/ARRIVAL-670x444.jpg" style="text-align: left;" width="640" />

Xclusive PHOTOS: President Jonathan & Wife, Dame Patience arrive in Beijing, China

President Goodluck Jonathan and the First Lady are currently in China to make some deals related to economic which will be signed when ...

6:45 am

Xclusive: Wash Of The Year? - President Jonathan Says His Name Has Brought Goodluck To Nigeria

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President Goodluck Jonathan said yesterday Saturday May 25th that his first name has brought some good luck to Nigeria. While granting an interview yesterday, the president said:</div>
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"Traditional societies attach some values to names. That is why people select good names for their children. In the scriptures sometimes, when God sends you on some special assignment, He could even direct, ‘change the name of this child from this to that. But the name in itself does not make much difference because even from my village, there is one of my peers that also answers Goodluck.  Another one that is a little older than me answers Lucky from my small village and I didn’t see the good luck and lucky in them.</div>
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“In terms of bringing my name to bear in Nigerian affairs, within this period, we have our challenges. Of course, you are aware that we have our security challenges. But in spite of the security challenges, the country is moving on. I will say yes, it (his name) brought some good luck to the country.”</div>
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<span style="background-color: white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;"> With the emergence of a third terror group, I don't think so, Mr president.</span>

Xclusive: Wash Of The Year? - President Jonathan Says His Name Has Brought Goodluck To Nigeria

President Goodluck Jonathan said yesterday Saturday May 25th that his first name has brought some good luck to Nigeria. While granting a...

11:05 pm

Xclusive: Former President Olusegun Obasanjo Is Exporting Cassava Bread To Tanzania [PHOTO]

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Nigeria’s former president, Olusegun Obasanjo, has begun a mission to 
introduce African countries to Nigeria’s innovation in bakery, Cassava 
Bread.<br />Mr. Obasanjo, a goodwill ambassador for the International 
Institute of Tropical Agriculture, IITA, recently took the bread to 
Tanzania where he publicly munched the bread with the President of the 
United Republic of Tanzania, Mrisho Jakaya Kikwete.<br />Former President 
Benjamin Mkapa of the United Republic of Tanzania also ate the bread for
 the first time. The leaders supported the innovation, noting that it 
would bring several benefits to the continent.<br />The 40 per cent 
cassava bread was first developed by IITA in Nigeria, as part of efforts
 to boost the utilization of cassava and create market for farmers.<br />President
 Kikwete after inaugurating the IITA Science Building in Dar es Salaam 
on Monday commended IITA for the bread technology, saying that the bread
 had an “excellent” taste.<br />“There is no difference between this bread and the normal bread we are used to,” he added.<br />Mr. Obasanjo encouraged the Tanzania President to promote the use of cassava in confectionaries in his country to<br />transform
 agriculture. He noted that the use of cassava flour in bread would 
stimulate the demand for the root crop, create jobs and, more 
importantly, make farmers proud.<br />Mr. Obasanjo, in 2002 initiated a 
policy on 10 percent inclusion in bread under “the Presidential 
Initiative on Cassava,” program. The program which was implemented by 
IITA and national partners, drove the demand for cassava, increased 
productivity by about 10 million tons in 6 years, and made Nigeria the 
top world producer of cassava.

Xclusive: Former President Olusegun Obasanjo Is Exporting Cassava Bread To Tanzania [PHOTO]

Nigeria’s former president, Olusegun Obasanjo, has begun a mission to introduce African countries to Nigeria’s innovation in bakery, Cass...

1:00 pm

Xclusive: OMG!!! President Goodluck Johnathan Riding Bike With Charlie Boy [PHOTO]

Xclusive: OMG!!! President Goodluck Johnathan Riding Bike With Charlie Boy [PHOTO]

Chai, What is this, What happen to the presidential convoy, I thought bikes have even been banned in Nigeria totally. What do you think ab...

11:46 pm