Browsing: CBN

He clarified that Sanusi was not sacked but suspended due to infractions in the CBN’s financial reporting:
“He was suspended because the Financial Reporting Council queried the expenditure of the CBN. There were serious infractions that needed to be looked at. That was the reason, but somehow, the time was short. So before we finished, his tenure elapsed. Probably, he would have been called back.”

According to sources, Cardoso procured two additional SUVs for use in Lagos and Abuja, despite the availability of armored vehicles in the existing convoy. Furthermore, about 20 new Toyota Camry cars were allegedly purchased for CBN management and board members at a rate of N85 million each. Reports also indicate that the governor and his deputies have significantly increased their annual housing allowances to nearly N1 billion, despite residing in official residences in Abuja’s Maitama district.