Thursday, February 20, 2014

CLASH IN THE HOUSE OVER CBN GOVERNOR'S SUSPENSION

Debate on the suspension of the CBN Governor started when the Minority whip of the house, Samson Osagie (APC-Edo), raised a point on the issue. According to him, the CBN Act of 2007 as amended does not in anyway, empower the President or anybody to suspend the CBN GGovernor, but only to remove him subject to the approval of two-third majority of the Senate. The legislator said the allegation of Financial rrecklessness reported against him by the Accounting Standards Board did not indicate if he was given fair hearing.
But some other PDP members in the house said the action by the President was right. "Sanusi, without leaving a stone untouched is the sole witness in anyway on the matter of alleged mismanagement of Nigeria's oil prprocess to the tune of $49.8bn within the last two years, which made his suspension very uncomfortable to Nigerians and her strategic foreign partners at thus time", Senator Babajide Omoworare (APC Osun East) said.

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