Governor of Central Bank of Nigeria (CBN), Mallam Lamido Sanusi will proceed on retirement leave effective April 1st 2013, two months to the end of his tenure.
Sanusi’s appointment was confirmed by the Senate on June 3, 2009, which means that his 5-year tenure is to expire on June 3rd 2014.
Some days ago it was reported that the current governor is initmidated and forced to retire because of the leaked letter.
Contrary to speculations that he has been forced to immediately procede on retirement leave, Saturday Vanguard investigations revealed that Sanusi will still be CBN Governor till March 31st.
Though, when contacted, Director of Corporate Communications, Mr. Ugo Okoroafor said he was not aware of the CBN Governor being forced to proceed on retirement leave.
According to a highly placed regulatory official, who preferred his name not to be disclosed, said that Sanusi is scheduled to proceed on terminal leave after March 31st. He however said this is normal, and it is not true that the Governor is being forced to proceed on leave. What is more, he added that some people go on six months, some on three months.
It would be recalled that Sanusi had in a chat with Bloomberg on March 24th indicated his intention not to seek second term as CBN Governor.
In November, he called for earlier announcement of his successor, saying the Federal Government should take a cue from the United States and announce the next CBN Governor three months to the expiration of his tenure.
He said, “I think the issue of Bernanke and Yellen, if you remember, it started about two months ago and Bernanke ends in December. Tomorrow it will be six months to the end of my term, probably a bit early for the government to start talking about the next person. But I do hope that about two or three months before then, there should be some announcement. “
Central bank governors don’t comment on who they think their successor should be. It is not our business to do that, it is the President’s decision. But if I have input at all, I will try to encourage that we announce a successor two to three months before the end of my tenure so that everybody knows who that person is, what the views are and so people prepare accordingly. By the way, some of the names are out there in the newspapers and more can come out later.”
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"Sanusi's Earlier Leave - Not Forced, Normal"
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