Nigeria’s apex bank this evening confirmed that the Presidency has officially informed it of today’s change of guards that saw Governor Sanusi Lamido Sanusi being suspended and Deputy Governor, Dr. (Mrs.) Sarah Alade, assuming office as the Acting Governor.

The bank in a statement signed by Isaac A. Okorafor on behalf of the Director, Corporate Communications, however, assured all stakeholders that there is nothing to worry about as “the CBN as an institution remains stable and will continue to facilitate the smooth functioning of financial markets as well as ensure currency and stability.” The statement said:

“The Central Bank of Nigeria (CBN) has received a letter from the Secretary to the Government of the Federation (SGF) conveying Mr. President’s decision to suspend Mr. Sanusi Lamido Sanusi as the Governor of the Central Bank of Nigeria (CBN) and the appointment of Dr. (Mrs.) Sarah Alade as the Acting Governor.

“The CBN remains committed to achieving its core mandates as enshrined in the CBN Act 2007; particularly relating to price (exchange rate and interest rate), monetary and financial stability.

“The CBN, therefore, assures all stakeholders, especially market operators, international investors and the general public that the CBN as an institution remains stable and will continue to facilitate the smooth functioning of financial markets as well as ensure currency and stability.

“Further statements will be made in due course.”

•Photo shows CBN Acting Governor, Dr. (Mrs.) Sarah Alade.