A Review of the Nigerian Energy Industry

Sanusi says NNPC not audited since 2005

Sanusi Lamido Sanusi221 February 2014, Lagos – Suspended Governor, Central Bank of Nigeria, Sanusi Lamido has debunked the allegations of financial recklessness leveled against him.

Sanusi who asked what the definition of recklessness is, disclosed that Central bank’s accounts for 2013 were audited while that of NNPC had not been audited since 2005.

On his suspension, he said: “The central bank is an independent institution, there is a section of the act that says the president cannot remove the governor without two-thirds of the senate.

“There was a reason for that section. You cannot go round that section by saying, ‘I’m not removing you, I’m suspending you,’” Sanusi stated.

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