Jonathan says power vested in president to fire Sanusi

The President has absolute powers to suspend Sanusi, Nigerian President Goodluck Jonathan told the nation in a media chat with journalists tonite.

When asked why it took so long to effect the change at the CBN since the allegations made by the financial reportingFRC where first made early last year, Jonathan responded that due to the sensitive nature of the apex bank, he had to thread with caution.

“When you are dealing with the treasury of a nation, you have to be careful and consult widely,” Jonathan said.

“No president can wake up and take a decision just like that,” adding that the CBN Governor who is a key actor in the allegations cannot preside over the investigation.

Jonathan also assured that investigations into the NNPC's alledged missing $20 bn will not be swept under the carpets.

“Whatever we do, we will follow the rule of law in auditing the NNPC,” he said.