Read The Article By New York Times On The Suspension Of Lamido Sanusi Over Missing Oil Revenue
President Goodluck Jonathan of Nigeria removed the governor of the country’s central bank from his post on Thursday, after the bank governor repeatedly charged that billions of dollars in oil revenue owed to the treasury was missing. The dismissal of the bank governor, Lamido Sanusi, was seen as further evidence of the Nigerian government’s weakening resolve in tackling widespread corruption, a problem that has plagued the country since independence, analysts said. Mr. Sanusi’s removal was greeted with dismay in financial markets. The country’s stock market fell sharply, bond trading was halted and the value of the Nigerian currency, the naira, plunged to a record low against the dollar before the bank intervened to prop it up. Outside investors had generally seen Mr. Sanusi as an effective regulator of the country’s troubled banking sector; his tenure was scheduled to last until June.