Your opinion over CBN governor's suspension

 

Since the report of CBN governor’s suspension and his immediate replacement by the managing director of Zenith Bank, a lot of prominent Nigerians have condemned FG's action. Some feel is undemocratic for GEJ to sack CBN governor as the presidency lacked the legal power to carry out such action.

According to Governor Babatunde Fashola of Lagos State on who faulted the suspension of the Governor of Central Bank of Nigeria, Mallam Lamido Sanusi, saying “the action by the Federal Government might have adverse effects on the economy”

Fashola, who spoke after the inauguration of the Lagos Asphalt Plant at Imota in the Ikorodu area of the state, also observed that the suspension was a “tactical sacking”.

He said since President Goodluck Jonathan lacked the legal power to sack the CBN governor unilaterally, he labelled it a suspension.

Fashola said the Federal Government’s decision to suspend a man who had made serious allegations of financial impropriety against government and its agencies was an indication of the insensitivity of government to the harm that corruption was doing to the nation’s economy.

He said, “I don’t understand this kind of economic management. Executive tampering with the independence of the Central Bank has economic consequences for investors. If the man is going in June, perhaps it might have been tactful to let this thing just slide away.

“This is not a suspension, it is a sacking really. It is because there is no power to sack him and they have looked and now said, ‘We suspend.’ It is a sacking really. The message you are sending out is that it is better to keep quiet about corruption. That’s what it seems to me.”

Tell  your opinion over Lamido Sanusi’s suspension. Do you think this situation will affect the economy of this nation?  Is GEJ covering  up FG's financial irregularities as Sanusi alleged?