Nigerian President Goodluck Jonathan said on Monday his decision to
suspend the central bank governor had nothing to do with the governor's
exposing corruption in the oil sector.
Jonathan suspended
Governor Lamido Sanusi on Thursday on allegations he had mishandled the
bank's budget. Sanusi, due to step down in June, was becoming an
increasingly vocal critic of the government's record on tackling
corruption.
The move caused a panic selloff in financial markets.
Sanusi
had been presenting evidence to parliament that he said showed that
state oil company Nigeria National Petroleum Corporation (NNPC) failed
to pay $20 billion it owed to federal government coffers, fuelling
speculation his suspension was an attempt to silence a whistleblower.
"The
suspension of Sanusi has nothing to do with whistleblowing," Jonathan
told local journalists in a televised news conference.
"The
government normally places you on suspension pending investigation, and
when they conclude the investigation, you may go back if there's no
case against you."
He said an audit had been done of 2012 and 2013
central bank accounts that has shown several irregularities - the 2013
audit had just come in, which was enough to convince him there was a
case against Sanusi, he said.
Sanusi has said he will challenge his suspension in court.
"The
president has absolute powers to suspend the central bank governor,"
Jonathan said. "The president has oversight function over the central
bank."
Jonathan denied that $20 billion could have gone missing
from state oil revenues, saying he would not even "accept that one
dollar should disappear".
The governor's suspicion of fraud in one
of the world's most opaque national oil companies brought him into
conflict with Jonathan a year before what are likely to be closely
fought elections.
Jonathan was already under pressure from
several corruption scandals and a failure to quell a four and
half-year-old Islamist insurgency in the north that, while more or less
contained in one area, appears to be becoming bloodier than ever.
More than 200 people were killed in two attacks last week.
Jonathan
told the journalists the military had had some successes against Boko
Haram and that Nigeria was working with Cameroon authorities to try to
prevent the militants mounting attacks on Nigerian soil then fleeing
back over the border.
"The communities naturally will feel
government is not giving them protection," he said. "But I promise that
we will continue to improve.
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