The Financial Reporting Council of Nigeria had leveled allegations of
financial recklessness and abuse of office on Sanusi and recommended his
suspension which was effected on February 20.
The
council in its presentation to the president said they found Mr
Sanusi's report on the audited financial statement of the CBN for the
year ended Dec. 2012 and other related issues unsatisfactory.
Upon his Suspension, Mr Sanusi was invited to a panel
set up by the council at Elephant House Ikeja Lagos for questioning on
March 27th but failed to turn up. Reports say Sanusi felt the panel was
bias and was set out to rubbish his person. He filed a suit that same
day asking the court to stop the FRCN from investigating him as it
lacked the constitutional power to investigate him. His request was granted by a judge today.
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