Nigeria president suspends central bank chief for 'financial recklessness'
Nigeria's central bank governor Sanusi Lamido Sanusi (Center), President Goodluck Jonathan (R) and Ngozi Okonjo-Iweala (Left) Nigeria's finance minister xchange greetings during a past economic summit in Abuja.
Nigeria's president on Thursday suspended central bank governor Lamido Sanusi for alleged financial recklessness after Sanusi accused the state oil company of misappropriating Sh1.7 trillion ($20 billion) of public funds.
"Sanusi's tenure has been characterised by various acts of financial recklessness and misconduct," a presidency statement said. President Goodluck Jonathan has therefore "ordered the immediate suspension of... Lamido Sanusi from the Office of governor of the central bank of Nigeria."
