Nigeria's central bank Governor Lamido Sanusi has been suspended by the President for financial recklessness and misconduct. Mr Sanusi caused shockwaves in Nigeria when he alleged that 20 billion dollars in oil revenue had gone missing. Nigeria's state oil firm has denied failing to account for the money, saying the claim was unsubstantiated. Mr Sanusi is widely respected after undertaking reforms to the banking sector since his appointment in 2009. He was named central bank governor of the year for 2010 by Banker magazine.