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Nigeria: Naira takes a hit after Central Bank Governor Sanusi leaves
Sanusi was due to leave as Central Bank governor at the expiry of his five-year tenure in June this year.
Late last year Sanusi reported that US$50 billion worth of oil sold by the state Nigerian National Petroleum Corporation (NNPC) had not been paid to the government. The Senate Committee on Finance last week ordered an independent forensic audit into the missing money, which it said now amounted to about US$20 billion. The Finance Ministry said missing receipts recovered in an audit accounted for the rest of the missing money.
Nigerian accounts on Twitter hummed with the news, with many saying Sanusi was being punished for fighting corruption, and others hoping his suspension would lead him to making even greater revelations.
“When you fight corruption, corruption fights back,” the Enough Is Enough Nigeria project tweeted.
Sanusi, has in the past said he received death threats and frequent warnings he would be fired after he took “a decision that would pitch us against powerful economic and political forces,”.
Source: Newswires
