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PRESIDENCY TO SANUSI: With all due respect, you’re wrong

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The Presidency on Saturday told the Emir of Kano and former Central Bank Governor, Sanusi Lamido Sanusi, that he failed to get his facts right on his recent criticism of President Muhammadu Buhari’s administration.

Sanusi on Friday threw a jab at the Federal Government over some of its policies and called on the President to jettison his idea of borrowing $29.9 billion foreign loan because no foreign country or financial institution would give assent to the request.

However, responding, Senior Special Adviser (SSA) to the President on Media and Publicity, Garba Shehu said, “With every respect to the Emir, you know he is my ruler, because I come from Kano. He doesn’t have his facts as far as those issues are concerned. The issue in CBN, that government has overdrawn its Central Consolidated Account is true, but the overdrawing is within limits.

“The overdraw does not exceed 1.5 trillion. It is incorrect to say, as he did that the account was overdrawn by 4.5 trillion.

Read also: No Buhari! No serious lender‘ll consider Nigeria for $30bn loan- Sanusi

“But even assuming that he was correct, this is a government that has money in excess the amount he mentioned in the Treasury Single Account (TSA). It is just like you, a bank customer operating two accounts, one in the red and the other, well-funded to the point that it can at any time wipe the indebtedness on the other. Would any bank manager lose their sleep over this?

“This, I am told is what the IMF found at the CBN and they said it is perfectly normal.

“As for his opposition to the USD 30 billion loan, I’m aware that the Minister of Finance is responding to that. As a private citizen, I want to read his statement again. I thought that the borrowing is for projects that include the railway development in Kano, his own city”, Malam Garba stated.

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0 Comments

  1. JOHNSON PETER

    December 4, 2016 at 9:20 am

    Garba didn’t reply Sanusi the way I wanted just because he had respect for traditional rulers. Sanusi is a big fool. Efcc needs to arrest him if not for the useless emir immunity he has.

    • Amarachi Okoye

      December 5, 2016 at 5:15 am

      hmmm why should the efcc arrest sanusi if there is any big fool hear is your president who fall to make things right

  2. Roland Uchendu Pele

    December 4, 2016 at 11:05 am

    So who gave Sanusi the figure of 4.5Tn? or is this government trying to deceive us again?

    • Amaka Okoro

      December 5, 2016 at 5:20 am

      there is nothing our government can not do because they are trickers

  3. Johnson Amadi

    December 4, 2016 at 11:58 am

    I see nothing wrong in Sanusi stating his opinions about how Buhari’s government is running its economic affairs

  4. Margret Dickson

    December 4, 2016 at 12:01 pm

    Sanusi is supposed to lay low in politics as a cleric in order to maintain his prestige. Talking about political issues will subject him to disrespect in some quarters of the country.

    • Emmanuel Alayegbami

      December 4, 2016 at 7:38 pm

      Sanusi is a politician if you don’t know. He is an emir politician , he only use emir title to save himself from mess during the time of Jonathan.

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