10th January, 2014
Ayorinde Oluokun/Abuja
Mallam Sanusi Lamido Sanusi will quit office as the Governor of Central Bank of Nigeria on June 2 when his tenure will office will expire, the apex bank confirmed on Thursday.
Ugochukwu Okoroafor, spokesperson for the apex bank told journalists at the end of a press briefing on the execution of the Payments System Vision 2020 (PSV2020) Strategy, in Abuja that Sanusi held a family meeting with staff of the bank during which he told them that he was no longer proceeding on “terminal leave” but will serve out his tenure in office as CBN governor till June 2.
There have been speculations that the Presidency may force Sanusi to leave his position early because of the recent controversies over allegations of unremitted funds by the Nigeria National Petroleum Corporation, NNPC. 
A national newspaper reported on Thursday that Sanusi refused the order of President Jonathan to resign over the allegations which some government officials considered embarrassing.
An earlier report indicated that the Governor will proceed on retirement leave effective April 1st 2014, two months to the end of his tenure.
Okoroafor dismissed the report, saying the “terminal leave” if it was ever in the offing was no longer feasible as Sanusi has resolved to leave office in June 2.
The late President Umaru Musa Yar’Adua nominated Sanusi as Governor of the Central Bank of Nigeria on June 1, 2009 and his appointment was confirmed by the Senate on June 3, 2009.
Therefore, his five year tenure is scheduled to end on June 2nd 2014.
Sanusi had in a chat with Bloomberg on March 24th indicated his intention not to seek second term as CBN Governor.
Sanusi said that he had informed President Goodluck Jonathan in 2011 that he would not be interested in seeking second term in office on the expiration of the present tenure in June 2014.
“I informed the President way back in 2011 that I would not be interested in serving for two terms,” Sanusi told Bloomberg adding that “the job has been done, largely”.