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How Sanusi became CBN governor — Bankole

By Henry Umoru & Tordue Salem

ABUJA— SPEAKER, House of Representatives, Dimeji Bankole yesterday disclosed how a proposal from the House of Representatives to President Umar Yar’Adua influenced his choice of governor of Central Bank of Nigeria(CBN), Mallam Sanusi Lamido Sanusi.

According to him, the House was not surprised at the sack of the Chief Executives of the five ailing banks by Sanusi  against the backdrop that prior to the CBN’s action, the House had already done its home work on banks and other financial institutions and the report submitted on the problems being faced by the banks.

Speaking yesterday at the National Project Management Conference (ProMaCon 2009), taking place in Abuja , Bankole who commended the reforms in the banking and other financial institutions, hinted on the circumstances that informed the choice of Sanusi as CBN Governor, just as he disclosed that there is over 45% implementation of the 2009 budget.

According to him, “It seems as if things are now happening in the right direction in the financial sector. When the Central Bank Governor started doing what he is doing in the banking sector today, we (the House) were not surprised, because we had already done our home work on the banks and other financial institutions and handed over our report to the Executive, making our recommendations to the President on the kind of Governor we needed to tackle the problems we were facing.

Today we have seen the outcome, but we have avoided to make it (our influence of a choice of Governor for CBN), public for so many reasons.


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