Monday, March 2nd0.0°C
25405
22952

Nigeria's president suspends Central Bank chief who warned of missing billions of petrodollars

LAGOS, Nigeria - Nigeria's President Goodluck Jonathan is suspending the Central Bank governor who announced that billions of petrodollars are missing from government coffers.

The internationally respected governor, Lamido Sanusi, could not immediately be reached for comment on the president's announcement Thursday accusing him of "financial recklessness and misconduct."

Last year Sanusi reported that $50 billion worth of oil sold by the corruption-riddled state oil corporation 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 amounted to about $20 billion. Missing receipts apparently accounted for the rest.

Jonathan appointed deputy governor Sarah Alade to replace Sanusi, who had been expected to step down this year. Nigeria is Africa's biggest oil producer.

The Canadian Press


Read more Business News

24357


Recent Trending




Today's Market
S&P TSX15245.69+11.351
S&P CDNX705.90-0.83
DJIA18220.65+87.95
Nasdaq4992.965+29.437
S&P 5002110.85+6.35
CDN Dollar0.7964-0.0031
Gold1203.00+6.10
Oil51.29-0.85
Lumber297.20+1.20
Natural Gas2.895-0.007

 
Okanagan Companies
Pacific Safety0.12+0.005
Knighthawk0.010.00
QHR Technologies Inc1.60+0.05
Cantex0.035-0.005
Anavex Life Sciences0.190.00
Metalex Ventures0.035-0.005
Russel Metals25.33-0.05
Copper Mountain Mining1.33+0.03
Colorado Resources0.135-0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.035-0.015
Mission Ready Services0.225-0.01

 



25320

FEATURED Property
2103526#312- 265 Snowsell Street
2 bedrooms 2 baths
$198,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


24681