Sanusi Lamido Sanusi, the Emir of Kano

Emir of Kano, Sanusi Lamido Sanusi, has said no President influenced his decisions unduly while he was governor of Central Bank of Nigeria, CBN.

He disclosed this in an interview with CNBC Africa at the annual conference of the Nigerian Bar Association (NBA).

Sanusi said the lack of political interference in the operations of the CBN under his watch enabled his administration to control inflation, fix banks and transform the payment system.

Speaking on the need for collaboration in building sustainable institutions, Sanusi said the country has institutions that work but the right people should be appointed to do the work.

He said: “Institutions are those things that lay the foundation for longterm growth and development. And when we speak of institutions, we are talking about the legal arrangements that define their roles; that also give transparency and consistency to their actions.

“Whether we are talking about independent electoral bodies, independent central banks, independent regulators or the police force, how do we get them to understand that they have a role that is in the service of the entire nation and not at the short term discretion of whoever happens to hold political power? This requires the legal framework that can assess them of their roles.

“I keep saying that the CBN act is one of the best central bank acts in the world. So, in terms of decision arrangement, we have it. But we also need the executive to respect that independence. We need the central bank itself to protect that independence. We need the legislature to ensure that is being done.

“Look, I was governor of central bank. In my five years as governor, I never had a situation in which politicians influenced my decisions unduly. Sometimes, they will like to have lower interest rates; sometimes, they will like you to be a bit softer, but none of the presidents I served ever said you must do this.

“They didn’t express the view. If the central bank wanted to do it and it was within our purview, they allow us do it. Because of that, we were able to control the inflation, fix the banks. We were able to transform the payment system, do the BVN.”

On the issue of migration, the emir said: “You cannot discuss migration exclusively when you don’t discuss development. What is it that makes peo

Source: http://www.mcebisco.com.ng/2018/08/no-president-influenced-me-as-cbn-gov.html

14Ebiscoo:

Sanusi Lamido Sanusi, the Emir of Kano

Emir of Kano, Sanusi Lamido Sanusi, has said no President influenced his decisions unduly while he was governor of Central Bank of Nigeria, CBN.

He disclosed this in an interview with CNBC Africa at the annual conference of the Nigerian Bar Association (NBA).

Sanusi said the lack of political interference in the operations of the CBN under his watch enabled his administration to control inflation, fix banks and transform the payment system.

Speaking on the need for collaboration in building sustainable institutions, Sanusi said the country has institutions that work but the right people should be appointed to do the work.

He said: “Institutions are those things that lay the foundation for longterm growth and development. And when we speak of institutions, we are talking about the legal arrangements that define their roles; that also give transparency and consistency to their actions.

“Whether we are talking about independent electoral bodies, independent central banks, independent regulators or the police force, how do we get them to understand that they have a role that is in the service of the entire nation and not at the short term discretion of whoever happens to hold political power? This requires the legal framework that can assess them of their roles.

“I keep saying that the CBN act is one of the best central bank acts in the world. So, in terms of decision arrangement, we have it. But we also need the executive to respect that independence. We need the central bank itself to protect that independence. We need the legislature to ensure that is being done.

“Look, I was governor of central bank. In my five years as governor, I never had a situation in which politicians influenced my decisions unduly. Sometimes, they will like to have lower interest rates; sometimes, they will like you to be a bit softer, but none of the presidents I served ever said you must do this.

“They didn’t express the view. If the central bank wanted to do it and it was within our purview, they allow us do it. Because of that, we were able to control the inflation, fix the banks. We were able to transform the payment system, do the BVN.”

On the issue of migration, the emir said: “You cannot discuss migration exclusively when you don’t discuss development. What is it that makes peo

Source: http://www.mcebisco.com.ng/2018/08/no-president-influenced-me-as-cbn-gov.html

The current one is being controlled....

Good

You served under living people with certificate, not under this certificateless lifeless person. The current CBN governor can not say the same in honesty.

The cabal lord

But this is contrary to the pictures painted by APC propangadist machinery in the buildup to the 2015 elections. All GEJ past haters are now cunningly making amends and mending fences. I forsee Buhari doing same after he must have been sent back to Daura in 2019.

But as CBN chief he became sympathizers of a political party