SANUSI LAMIDO IN THE LAWMAKER'S DEN . . . By Wale Bakare
The recent call by our lawmakers to obliterate the sole autonomy of the nation’s number one financial institution- the central Bank of Nigeria has continue to generate some sort of strong furor. The national assembly is seeking to reduce the power of the central bank, a legislative measure according to the lawmakers to ensure transparency and accountability. Prior to these call, the apex bank managed by the controversial governor of the central bank, Mallam Sanusi Lamido who has continually ruffled a lot of feathers under his banking reforms. I could recall vividly his Infamous decisions that sparked off the revolution in the banking system; with the sacking of the managing directors of five banks and replacing them with CBN appointed managers and the subsequent publications of the names of some highly placed Nigerians who are major bank debtors. . These moves were no doubt in favour of the country’s financial institution aimed at restoring sanity back to the system and the economy ...