Thursday, October 2nd9.9°C
22738

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

23376


Recent Trending




Today's Market
S&P TSX14805.44-155.069
S&P CDNX896.35-12.94
DJIA16804.71-238.19
Nasdaq4422.085-71.305
S&P 5001946.16-26.13
CDN Dollar0.9005+0.0049
Gold1215.10-0.40
Oil88.03-1.08
Lumber344.10+6.30
Natural Gas4.046+0.023

 
Okanagan Companies
Pacific Safety0.135+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.22-0.04
Cantex0.075+0.01
Anavex Life Sciences0.1804-0.0036
Metalex Ventures0.0550.00
Russel Metals34.68+0.11
Copper Mountain Mining2.29-0.13
Colorado Resources0.16-0.005
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.31-0.01

 





FEATURED Property
2074759#165 (B6) 1288 Water Street
3 bedrooms 2 baths
$97,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_








Member of BC Press Council


23266