President Jonathan Under Fire Over Sanusi’s Suspension

President Goodluck Jonathan yesterday announced the suspension of the governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi over alleged various acts of financial recklessness and misconduct.

Sanusi's suspension came while he was away, attending a meeting of central bank governors in Niamey, Niger Republic.
Sanusi's suspension caused quite a stir. The naira dropped six kobo against the dollar, the Stock Exchange closed and many financial analysts, political leaders and other Nigerians condemned the action while attacking President Jonathan.
According to financial analyst Bismark Rewane, Sanusi's removal is 'very disruptive', while warning of a very difficult time for the naira and the Nigeria financial market in the near-term.
The All Progressive Congress, APC while condemning the action said it would have negative consequences for the economy.
Bamidele Aturu, a Lagos lawyer said president Jonathan's action is a desecration of the rule of law.
Ex-World Bank Vice President (Africa) Oby Ezekwesili said Nigerians would not trust President Jonathan's rationale for suspending Sanusi.

Coordinating Minister for the Economy and Minister of Finance, Mrs Okonjo-Iweala has however assured the economic community that Sanusi's suspension will not change Nigeria's economic policy focus.