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Wednesday 26 February 2014

Sanusi is a voodoo statistician-Labaran Maku



The Minister for Information and National Orientation Mr.Labaran Maku has described the suspended CBN governor Sanusi Lamido as a voodoo statistician.He made this comments as a result of Sanusi's habit of giving conflicting figures as the alleged unremitted oil fund by the Nigerian National Petroleum Corporation (NNPC).

He also said that the suspended CBN governor was not a whistle blower as was being painted by members of the All Progressives Congress (APC) and other sympathisers to Sanusi across the country.
He also said Sanusi was not a whistle-blower as widely believed by some people, “Sanusi is not a whistle blower, but governor of Central Bank of Nigeria. That perception is fed by negative reports from the media”.

Maku blamed Sanusi for opening his mouth wide to make some damaging statements that could scare investors from coming to invest in the country, or make those who had invested to consider withdrawing their investments.

He said: “But the reality of what has happened is that there are issues with the account of CBN of 2012 as the president explained.

“The financial reporting council has said that there are issues that should be addressed. So, the president returned it back to the council and the council again returned it with some of the items with questions.

“CBN is he nerve centre of the nation’s financial system. If there are problems with it, it means that it can generate a lot of problems in the banking system and the economy and so the president has been trying to sort this out and between him and the CBN governor there have been communications since April 2013.

“So, it has nothing to do with what my brother Sanusi has said relating to the NNPC. This has been ongoing conversation between them.

“Unfortunately, the CBN governor is also the chairman of the board and he cannot sit in a matter he is being investigated for.

“So, what the president has done, as the appointing officer of the CBN, was to ask the governor to step aside pending the outcome of the investigating.

“He has not been removed. Are we saying that the queries that were raised relating to the CBN account were false? In the end if he is fund not guilty, he still has his tenure to run.

“As for the NNPC, don’t forget that a forensic audit of the NNPC has been ordered. Remember, Sanusi said $49.8 billion was missing. How much do we earn?

“That means there was a free fall. But, the story changed to $20 billion, $10.8 billion so nobody knows….

“It is a voodoo statistics that are coming from the CBN governor, because if you want to say something relating to the economy as CBN governor, his opinions are seen to be sacrosanct in any country.

“You don’t say something without verifying it. No CBN governor makes statement on his nation’s economy without verifying.

“Things were done and the president didn’t worry about it and his removal had nothing to do with that. These days we see a lot of outlandish allegations.

“People just make allegations and turn the country into one huge investigation panel. Everyday, the National Assembly, is investigating allegations.

“The role of the CBN governor is that of a quiet role, you don’t even hear him talk, and if he makes any statement, it affects the capital market and the entire economy”.


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