The British High Commissioner to Nigeria, Paul Arkwright and other delegates paid a 2-day visit to Kano recently. The UK delegates who were welcomed by Kano state governor -Abdullahi Umar Ganduje -were also hosted by the Emir of Kano, Muhammdu Lamido Sanusi at his exquisite palace for a colorful occasion.

Source; http://www.nationalhelm.com/2016/01/british-delegates-visit-emir-of-kano.html

Emir Sanusi always looking gud

more

I see the colours in the palace.

so beautiful.

Sanusi be like u see that place.....na boko harem dey there

I dey pity this Emir Sanusi sha, To wear masquerade attire for 365 days no be beans

i dey tell u but him no dey complain naa

hungryboy:
I dey pity this Emir Sanusi sha,
To wear masquerade attire for 365 days no be beans

See the most backward region in Nigeria. Emir look glamorous but the subordinates and subjects look impoverished. That's why when my Igbo bros say that we are marginalised, I begin to wonder by whom. Sanusi May your Reign be Long anyway.

Is that dino sitting on the floor?

Odi nma

Any African leader dealing with Britain and France, should use a long spoon. When eating with the devil use a long spoon!!.

There's a clandestine white supremacist think-tank headed by people like Tony Blair working assiduously to re-invent colonialism. As far as this school of thought is concerned, setting Africa and other colonies free was a huge mistake and they believe there should be a return to some sort of slavery.

Pls search them before they leave ooo

Those pple sabi thief well well

Last time they can to benin kingdom we know how many treasure we lost

One of the dogged few that sank GEJ`s ambition and rose to heights just like Ameachi

I have to fight with GEJ also



Long live Emir Sanusi.

Sai SLS, the slayer of GOD Government

Long live Sanusi! I hope he was able to seek assistance from the British to help his region with good Education, cause that's their major problem.

sure

jmichlins:
See the most backward region in Nigeria. Emir look glamorous but the subordinates and subjects look impoverished. That's why when my Igbo bros say that we are marginalised, I begin to wonder by whom. Sanusi May your Reign be Long anyway.

>: You sure don't mean Kano, do you? If so, a visit will convince you to the contrary. Roll Awka, Onitsha, Nnewi, Owerri, Umuahia and Abakaliki into one and Kano will still be better by far in terms of capital/social infrastructure and beauty. Notwithstanding, Kano lags behind in terms of human capital development. But that's something they can catch up upon should they decide to become serious. I'm in Enugu atm, and have seen it all in the SE, you don't measure up even close!

SANUSI REALLY BRINGS PRESTIGE, FINESSE AND GRANDEUR TO THIS OFFICE.
MORE GREASE TO HIS ELBOWS.
HIS VISITORS SEEM SO AWED BY THEIR SURROUNDINGS.

A position dat wasn't meant for u...allah is watchin u @sanusi

bebe2:
Pls search them before they leave ooo

Those pple sabi thief well well

Last time they can to benin kingdom we know how many treasure we lost

Of course, they're not there to improve upon the living standard of the people of Kano state, but to strategize for British companies/interests as Nigeria is preparing to be auctioned to the world pretty soon.

We're in a period of visits. Ms. Christine the IMF head left few days ago. She've signaled them Nigeria will soon be for sale.

Ok

I wish these white people could take over this country. Every state governor should be a white man.

Sanusi is a controversial man of destiny

hungryboy:
I dey pity this Emir Sanusi sha,
To wear masquerade attire for 365 days no be beans

To wear something as majestic as that is something all of your whole family will never have the honour of doing... why you guys suffer from inferiority complex so much is beyond me. To you everything thats not western is synonymous to masquerade abi? ****

God is good

Perhaps to collect their share of the alleged loot that he is yet to refund or be probed fully for.

barcanista:
Since I was born, I have never witness the kind of hypocrisy, double standard and demonisation that is currently perpetrated by Muhammadu Buhari, the APC, Alhaji Sanusi, Osinbajo and their "good governance crusaders" against the person of President Goodluck Jonathan, Allison Madekwe, and other government officials.

Alhajis Buhari and Sanusi and APC have been going about using every platform to talk about a "missing $20b", cheered by their hypocritical followers that pride themselves as good governance crusaders. They have deliberately gone blind over the fraud of CBN under Sanusi as outlined by the Financial Reporting Council of Nigeria report in February 2014.

Sanusi Indicted And Removed For Fraud
According to the report (see below) Sanusi was indicted for Gross Misconduct that bothers on fraud and financial recklessness among other offence. The FRCN subsequently advised Mr President to remove Lamido Sanusi from office for further investigation and probe after the explanation of Sanusi appeared more like a tale and outrightly illogical according to FRCN. The council indicates that the explanation provided by Sanusi is “a clear display of incompetence, nonchalance, fraud, wastefulness, and abuse of due process and deliberate efforts to misrepresent facts on the part of the leadership of the CBN.”

The council advised the President to exercise the powers conferred on him by Section 11(2)(f) of the CBN Act 2007 or invoke Section 11(2)(c) of the said Act “and cause the governor and the deputy governors to cease from holding office in the CBN.”


April 2014: VP-elect Yemi Osibanjo Filed Case To Stop Sanusi Probe
Rather than Sanusi to prove his innocence in court, he filed a case in Federal High Court, Lagos to STOP FRCN and Other Security Agencies from investigating and prosecuting him through three Senior Advocates of Nigeria, Prof. Yemi Osibanjo, Dr. Kanyinsola Ajayi and Kola Awodien.
http://www.theguardianmobile.com/readNewsItem1.php?nid=24587

13 May 2014: Lagos Judge Tshoho Grants Sanusi Prayers
High Court Judge John Tshoho rather than uphold the constitutional powers of FRCN to investigate probe Sanusi, he granted the prayers of Lamido Sanusi and BARRED FRCN from further investigation or probing Sanusi Lamido Sanusi. In his own words...
“Prejudice is very pronounced in the language of that document. The language of the briefing note (transmitted by the FRCN to the presidency) conveys a sense of the defendant desperately goading the presidency to deal with the plaintiff,”
“The plaintiff submitting himself for investigation (by FRCN) is like the cockroach finding itself in the midst of fowls. Such a cockroach cannot be innocent,”.
http://www.tv360nigeria.com/?p=11923

Despite the fact the President Jonathan commissioned PWC to audit NNPC books to ascertain the veracity or otherwise of Sanusi's claim, Buhari, APC, Sanusi and their online agents that parade themselves as good governance and anticorruption apostles have been crying blue murder but refused to comment on the FRCN report nor the APC's VP elect role in shielding Sanusi for probe.

April 26, 2015: Buhari's Display of Hypocrisy
In his usual hypocrisy, General Buahri vowed to re-visit the $20b allegation but said NOTHING about the FRCN report. In his own word... “Imagine a situation where the former CBN governor who by God ‘s grace would later become the  Emir of Kano raised an  issue of missing billions of money, not in Naira but in Dollars, $20 billion.
“What happened, instead of investigating to know whether it was true that the money was missing or not, they simply found a reason to remove him. So these are the issues we are talking about…"
Contrary to the lies of Alhaji Buhari, Sanusi wasn't removed because he raised alarm, he was removed because he was indicted by FRCN. Jonathan also never kept mute, he commissioned PWC to audit the books. Buhari was also blind to talk about prosecuting Sanusi for the CBN fraud. Perhaps the Emir is as "incorruptible" as him(Buhari)

[size=14pt]The FRCN’s report on Sanusi[/size]



[img]https://www.nairaland.com/download/660265[/img]



The decision to suspend the Central Bank of Nigeria Governor, Sanusi Lamido was based on a report of the Financial Reporting Council of Nigeria dated June 7, 2013.

The report was made after a review of Sanusi’s response to the query issued to him by the President over the apex bank’s financial statement of 2012. His response was dated May 20, 2013.

According to a copy of the report obtained by our correspondent on Thursday, the council indicates that the explanation provided by the suspended CBN governor is “a clear display of incompetence, nonchalance, fraud, wastefulness, and abuse of due process and deliberate efforts to misrepresent facts on the part of the leadership of the CBN.”

The council advised the President to exercise the powers conferred on him by Section 11(2)(f) of the CBN Act 2007 or invoke Section 11(2)(c) of the said Act “and cause the governor and the deputy governors to cease from holding office in the CBN.”

The report read: The particulars of the infractions against Sanusi are:

Persistent refusal and/or negligence to comply with the Public Procurement Act in the procurement practices of the Central Bank of Nigeria.

(A) By virtue of Section 15 (1)(a) of the Public Procurement Act, the provisions of the Act are expected to comply to ‘all procurement of goods, works and services carried out by the Federal Government of Nigeria and all procurement entities.’ This definition clearly includes the Central Bank of Nigeria.

(B) It is however regrettable that the Central Bank of Nigeria, under his leadership, has refused and/or neglected to comply with the provisions of the Public Procurement Act (PPA). You will recall that one of the primary reasons for the enactment of the PPA was the need to promote transparency, competitiveness, cost of effectiveness and professionalism in the public sector procurement system.

More from: http://www.punchng.com/news/the-frcns-report-on-sanusi/

[size=14pt]Sanusi/CBN/FRCN indictment report continued[/size]


(C) Available information indicates that the Central Bank has over the years engaged in procurement of goods, works and services worth billions of Naira each year without complying with the express provisions of the PPA.

(D) By deliberately refusing to be bound by the provisions of the Act, the CBN has not only decided to act in an unlawful manner, but has also persisted in promoting a governance regime characterised by financial recklessness, waste and impunity, as demonstrated by the contents of its 2012 Financial Statements.

Unlawful expenditure by the Central Bank of Nigeria on ‘Intervention Projects’ across the country

(A) the unacceptable level of financial recklessness displayed by the leadership of the Central Bank of Nigeria is typified by the execution of ‘Intervention Projects’ across the country. From available information, the bank has either executed or is currently executing about 63 such projects across the country and has committed over N163billion on them.

(B) it is inexcusable and patently unlawful for any agency of government to deploy huge sums of money as the CBN has done in this case, without appropriation and outside CBN’s statutory mandate. It is trite that the expenditure of public funds by any organ of government must be based on clear legal mandates, prudent costing and overriding national interest.

Financial infractions and acts of financial recklessness committed by the Central Bank as reflected in its audited financial statements of 2012

(A) pursuant to Section 50 of the CBN Act 2007, a copy of the audited financial statements of the CBN for the year ended 31st December 2012 was sent to Mr. President. Based on the issues raised in the financial statement, a reaction was requested from you to enable a proper appreciation of the nation’s economic outlook.

(B) the response to this query was further referred to the Financial Reporting Council of Nigeria. The review by the council, rather than allay the fears of government, further confirmed concern bout the untidy manner in which you have generally conducted the operations of the CBN.

Some of the salient observations arising from the review are;

(A) in a most ironical manner, it has become obvious that the CBN is not able to prepare its financial statements using applicable International Financial Reporting Standards (IFFS) whereas Deposit Money Banks that the CBN is supervising have complied with this national requirement since 2012.

Undoubtedly, this laxity on the part of our apex bank, apart from calling to question its capacity for proper corporate governance, is capable of sending wrong signals to both domestic and international investors on the state of the Nigerian economy.

(B) the provisions of the Memorandum of Understanding (MOU) signed by the CBN and other Deposit Money Banks on Banking Resolution Sinking Fund have been breached in a material manner. For example, a Board of Trustees (BOT) to manage the Fund has not been constituted since 2010 when it was established. The CBN has however continued to utilise the Fund for certain operations without approval of the said BOT.

(C) contrary to section 34 (b) of the CBN Act 2007 which provides that the CBN shall not, except as provided in Section 31 of the Act, inter alia, purchase the shares of any corporation of company, unless an entity set up by the approval or authority of the Federal Government,m CBN in 2010, acquired 7% shares of International Islamic Management Corporation of Malaysia to the tune of N0.743 billion. This transaction was neither brought to Mr. President’s attention nor was a board approval obtained before it was entered into.

(D) the CBN has failed or refused to implement the provisions of the Personal Income Tax (Amendment) Act 2007. Accordingly the Pay-As-You-Earn (PAYE) deductions of its staff are still being computed in accordance with the defunct Personal Income Tax Act 2004, thus effectively assisting its staff to evade tax despite the generous wage package in the CBN, relative to other sectors of the economy.

(E) the CBN had an additional brought forward to General Reserve Fund of N16.031bn in 2012 but proceeded on a boy age of indefensible expenses in 2012 characterised by inexplicable increases in some heads of expenditure during the year. Examples include:

1. The bank spent N3.086bn on “promotional activities” in 2012 (up from N1.084bn in 2011). The bank spent this sum even when it is not in competition with any other institution in Nigeria;

2. The CBN claimed to have expended N20.202bn on ‘Legal and Professional Fees’ in 2011 beyond all reasonable standards of prudence and accountability;

3. Between expenses on ‘Private Guards’ and ‘Lunch for Policemen’, the CBN claimed to have spent N1.257 billion in 2012;

4. While Section 6(3)(c) of the CBN Act 2007 provides that the board of the CBN is to make recommendations to Mr. President on the rate of renumeration to Auditors, the bank has consistently observed this provision in breach and even went to the extent of changing one of the Joint External Auditors without notifying the office of the President.

5. In the explanations offered by the CBN pursuant to presidential directives, it offered a breakdown of ‘Currency Issue Expenses’ for 2011 and 2012. Interestingly, it claimed to have paid N38.233bn to the Nigerian Security Printing and Minting. Company Limited (NSPMC) in 2011 for ‘Printing of Banknotes.’ Paradoxically however, in the same 2011, NSPMC reported a total turnover of N29.370bn for all its transactions with all clients (including the CBN).

6. It is significant to note that the external audit revealed balances of sundry foreign currencies without physical stock of foreign currencies in the CBN Head Office.

Questionable write-off of N40bn loans of a bank

The above issues are only a few of the infractions highlighted by the review and which point to the gross incompetence and recklessness which characterised the operations of the CBN in the period under review.

However, the CBN also claimed that it paid Air Charter, such as payments to Emirate Airline (N0.511bn), Wing Airline (N0.425bn) and Associated Airline (N1.025bn) to distribute currency by air nationwide. Emirate Airline does not fly local charter in Nigeria, Wing Airline is not registered with Nigeria Civil Aviation Authority and Associated Airline does not have a billion turnover for 2011 because upon enquiry, the management claimed that they have no financial statements and have not had any significant operations for the past two years that will warrant preparation of financial statements.

The breakdown also include “Currency Issue Expenses” of N1.158bn and Sundry Currency charges of N1.678bn under “Currency Issue Expenses.” As they are in 2011 so are similar expenses in 2012. These are difficult to understand.

Other areas of fraudulent activities include

1. Facility Management N7.034bn in 2012 (N5.751bn in 2011.

2. Foreign Bank accounts that have been closed offshore were still operational in the General Ledger for over six months after they have been confirmed as closed accounts by the offshore banks.

3. The “Know Your Customer” policy is not properly followed by the CBN to the extent that the CBN has unknown customer with account balance of N1.423bn since 2008. The CBN claim that it is taking steps to obtain the required details regarding the address of the customer.

Wastefulness

1. Training and travel expenses N9.24bn in 2012 up from N7.65bn in 2011.

2. Expenses on “ATM offsite policy change” came to N1.045bn.

3. Expenses on “Non Interest Banking” N1.359bn in 2012 up from N0.977bn in 2011.

The CBN is still very heavy on expenses on “Project Eagles” spending N0.606bn in 2012 up from N63m in 2011.

Expense on newspapers, books and periodicals (excluding CBN’s publications) is N1.678 billion in 2012 up from N1.670bn in 2011,


From: http://www.punchng.com/news/the-frcns-report-on-sanusi/

hrhobi1:
I wish these white people could take over this country. Every state governor should be a white man.

www.nairaland.com/attachments/3260796_image_jpeg_jpeg6f95b5e7a24ad4fc0808d6698fd37362

malton:
>: You sure don't mean Kano, do you? If so, a visit will convince you to the contrary. Roll Awka, Onitsha, Nnewi, Owerri, Umuahia and Abakaliki into one and Kano will still be better by far in terms of capital/social infrastructure and beauty. Notwithstanding, Kano lags behind in terms of human capital development. But that's something they can catch up upon should they decide to become serious. I'm in Enugu atm, and have seen it all in the SE, you don't measure up even close!

yeye comment.Poverty ladened kano.

Nathdoug:
A position dat wasn't meant for u...allah is watchin u @sanusi

Watch your hatred, it won't give you peace of mind.

malton:
>: You sure don't mean Kano, do you? If so, a visit will convince you to the contrary. Roll Awka, Onitsha, Nnewi, Owerri, Umuahia and Abakaliki into one and Kano will still be better by far in terms of capital/social infrastructure and beauty. Notwithstanding, Kano lags behind in terms of human capital development. But that's something they can catch up upon should they decide to become serious. I'm in Enugu atm, and have seen it all in the SE, you don't measure up even close!

Then what is the essence of the so called "INFRASTRUCTURE" when the masses are still living in abject poverty and seem not be able to use the resources to produce wealth.

Notwithstanding, Kano lags behind in terms of human capital development. But that's something they can catch up upon

This excuse has been on for the past 50 years. My brother, no one will get serious until the masses stop inhibiting education and rise up to enforce good governance from their leaders. If they continue to worship and praise their leaders like they are still doing in 2016 then I don't see anybody becoming serious even in the next 1000 years.