February 25, 2014

We saw Sanusi’s suspension coming —ASSBIFI


Former Governor of Central Bank of Nigeria, Alhaji Lamido Sanusi


LAGOS—ORGANISED Labour in the nation’s financial sector, yesterday, said it was not surprised by the suspension of the Central Bank of Nigeria, CBN, Governor, Mallam Sanusi Lamido Sanusi, as it saw the suspension coming, lamenting that the financial pains Sanusi inflicted on the Nigerian bank workers were yet to subside.

A statement in Lagos by Association of Senior Staff of Banks, Insurance and Financial Institutions, ASSBIFI, insisted that Mallam Sanusi ought to have been relieved of his post long ago because since he became the CBN Governor in 2009, the country had witnessed various policy somersaults rolled out by the CBN.

The statement by Emeka Ogene and Obukese Orere, President and General Secretary of ASSBIFI respectively,  lamented that the Sanusi-led CBN turned Nigeria into a financial policy testing ground and most of his policies were geared towards punishing the Nigerian workers in the financial sector.

The statement reads in part:  “The depletion of Bank workers during the Malam Sanusi regime was far more than the Soludo era when 89 Banks were forced to merge and reduced to 25 in 2005.

“The managements of some of the Nigeria Banks were also adversely affected more in the Mallam Sanusi era as vendatta was the hallmark of the Mallam Sanusi regime. Evidences abound, which gave rise to litigations that are still ongoing.

“The financial pains the Mallam Sanusi era inflicted on the Nigerian bank worker with its alien policies are yet to subside as many affected bank workers are yet to get their exit payment as at today. Many financial sector workers have been made to taste early retirement due to Mallam Sanusi’s policies.

“Mallam Sanusi ruled the CBN as a lord who was not accountable to anybody, not even the Ministry of Finance to which it is subjected.”

“Yes, ASSBIFI expected it long before now when the Mallam Sanusi led CBN almost forced the production of N5,000 notes on the economy.”

Even though the intervention and outcry of Nigerians stopped it, the rumored boasting of Mallam Sanusi to print the  N5, 000 notes before he leaves office by June 2014 was everywhere -Arrogance..”