Sanusi Lamido's Tenure As CBN Governor Officially Ends Today.

Sanusi Lamido Sanusi's tenure as Central Bank of Nigeria (CBN) governor officially ends today.He cannot go back to his position irrespective of the court actions currently on, his time having been used up by the Acting governor, Dr. Sarah Alade. Godwin Emefiele's five-year tenure takes effect from today.Meanwhile, the National Industrial Court, yesterday fixed June 3, 2014 for hearing of applications to stay proceeding in the suit transferred to it by a Federal High Court, Abuja which had declined to hear the suit filed by suspended governor of the Central Bank of Nigeria, (CBN), Sanusi Lamido Sanusi challenging his suspension from office by the President Goodluck Jonathan.When the matter came up yesterday, counsel representing the Attorney General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Bello Adoke (SAN), Chief Mike Ozekhome (SAN) told the court that the his client and the President had filed separately notices of appeal at the Court of Appeal against the judgement. He said that applications to stay proceedings at the Industrial court pending the outcome of the appeal had also been filed.President of the National Industrial Court, Chief Babtunde Adejumo said the court would invoke section 47 of the National Industrial Court (NIC) Act to entertain the matter since it was transferred by a court of coordinate jurisdiction.Sanusi had in the suit asked the court to restrain the AGF and the Inspector general of Police (IGP) from arresting and prosecuting him.But in his judgment delivered on May 20, Justice Gabriel Kolawole held that his court lacked the jurisdiction to hear the suit.The judge, relying on the provisions of Order 56 Rule 3 of the Federal High Court (Civil Procedure) Rules 2009 and Section 24(3) of the National Industrial.read more in ThisDay Live.