Date Published: 01/24/10

Sir,

Letter to CBN Governor Sanusi: WHAT N300M BUDGET TO YOU?

The newspaper advertisements which have continued to run on perceived ‘sins’ of Central Bank Governor Lamido Sanusi and his banking reforms may be getting too ridiculous. Sanusi did in the media few days back, mentioned that some former/sacked bank chief executives are behind the avalanche of the bad publications by a body called Renaissance Professionals which is represented by one Victor Shodipo of Ikeja Lagos through email victorshodipo@yahoo.com . According to Sanusi, the group had budgeted N300million and has spent N120million already. He claims that he knows who they and that the group’s activities are being monitored; but that would not deter him. 

Nevertheless, in as much as many is against this uncalled for attacks directed at the CBN governor, it will be necessary that Sanusi clears air regarding some of the matters raised by the group. He knows those matters one is referring to. They include the alleged money laundering involving $3.1m cash for a southern state governor, which was executed by the Bank PHB under the new leadership of his (Sanusi’s) appointee. It took the bank more than forty days to claim the paternity of the cash and people know this to be an afterthought. Again the Bank PHB new Managing Director has just been accused of collecting $120,000 and pays self N2million monthly in lieu of car? He also approved a staffer’s N60million loan without due process.

The explanations given by the Bank PHB’s image maker, Mr. Odibo in both cases ($3.1million and the latest allegations) to say the least, smack of truth.

If Sanusi comes out with sincere and satisfactory investigation of the matters, it would help a situation stabilize the confidence the masses reposed in him for the good work he is doing in the banking industry, nay Nigerian economy. 

Fatima Jibril ( fatimajibril90@yahoo.com )

Plot 1299 Ibrahim Taiwo Street

Asokoro, Abuja