The recently suspended Central Bank Governor
Mallam Sanusi Lamide and three of his deputies Mr.Tunde Lemo,Mr Sulaiman Barau
and Kingsley Moghalu were to appear before the Financial Reporting Council of
Nigeria on Thursday alleged that the Central Bank of Nigeria under the
leadership of the suspended governor, Mr. Lamido Sanusi, spent N500bn as
intervention fund in various sectors without obtaining the approval of its Board
or the Federal Executive Council, also to explain the powers/rights he has to
spend N10bn out of the education intervention project to renovate five palaces
in the country.
The deputy governors are Mr. Kingsley
Moghalu, Alhaji Suleiman Barau, Mr. Babatunde Lemo (who recently retired from
the bank) and the acting governor of the central bank,were all present except
the suspended governor Sanusi and Alade.
The council also alleged that CBN failed to
prepare its financial statements in accordance with the acceptable financial
standards and it was wrong for the CBN to have disbursed the N500bn
intervention fund through the Bank of Industry and Deposit Money Banks without
obtaining necessary approvals.
The deputy governors in attendance could not
proof that the CBN obtained the approval of the board for the money to be
disbursed.
The absence of the suspended governor at the
panel has left several questions unanswered, does silence constitute
acceptance in law?
There
is a tenet in criminal law known as ‘Tacit Admission’ one stands mute without
defending himself in the face of an accusation can be said to be ‘tacitly’ accepting
the accusation being made against him as against him as a true statement.we Nigerians deserve to know the true position of things as this is a criminal allegation,we don't just want to rely on the tenet of law.Kindly appear before the panel and clear your name sir,we know you have zero tolerance for corruption.
Thank you
Oyenike Alliyu-Adebiyi LLB(hons)BL
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