Friday, February 21, 2014

Fashola faults FG on Sanusi’s suspension


Governor Babatunde Fashola
Governor Babatunde Fashola of Lagos State on Thursday faulted the suspension of the Governor of Central Bank of Nigeria, Mallam Lamido Sanusi, saying the action  by the Federal Government might have adverse effects on the economy.
Fashola, who spoke after the inauguration of the Lagos Asphalt Plant at Imota in the Ikorodu area of the state, also observed that the suspension was a “tactical sacking”.
He said since President Goodluck Jonathan lacked the legal power to sack the CBN governor unilaterally, he labelled it a suspension.
Fashola said the Federal Government’s decision to suspend a man who had made serious allegations of financial impropriety against government and its agencies was an indication of the insensitivity of government to the harm that corruption was doing to the nation’s economy.
He said, “I don’t understand this kind of economic management. Executive tampering with the independence of the Central Bank has economic consequences for investors. If the man is going in June, perhaps it might have been tactful to let this thing just slide away.
“This is not a suspension, it is a sacking really. It is because there is no power to sack him and they have  looked and now said, ‘We suspend.’ It is a sacking really. The message you are sending out  is that it is better to keep quiet about corruption. That’s what it seems to me.”
On the importance of the Asphalt  plant, Fashola said 66 roads had been slated to benefit from it. He added that the plant was sited at Imota to bring development closer to the people at the grassroots level.

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