The Central Bank of Nigeria (CBN) has traced about 60 shops in Dubai belonging to one of the sacked bank chief executive officers.
Sanusi disclosed this in his presentation at the ninth meeting of the Honorary International Investor Council (HIIC) in Abuja, the News Agency of Nigeria reported on Tuesday.
Nigeria's vice-president, Goodluck Jonathan, ministers and top foreign and Nigerian businessmen, attended the Council meeting on Monday.
Sanusi said efforts were on to recover the property."We have been able to trace 45 to 60 shops in Dubai belonging to one of the sacked bank chiefs," he said.
"We are not just following the money, we are also following the property and we are going to pursue everything and bring it back to the
country with the support of the international community," Sanusi said.
The CBN governor also disclosed that the anti-graft police would, this week, arraign former head of Intercontinental Bank, Erastus Akingbola, who has been on the run.
"We have filed the charges in the court and we have also prepared charges against one or two of the management staff of the bank, they will be
brought to the court," he added.
He reiterated the government's commitment to pursue the banking reform to a logical conclusion.
"For this reform process to succeed, we think it is extremely important for us to pursue the case to a logical conclusion," he said.
"It is not just about prosecution it is also about tracing the money that we have not been able to see," he added.
"Some of the money flew out of the country. We have the accounts where some of the money went. We have the banks and the countries," the CBN chief said.
Sanusi assured the council that the banking sector had been put on a safe track by the reform agenda embarked upon by the administration of
President Umaru Yar'Adua. "Not a single depositor has lost a penny in any Nigerian bank. No
Nigerian bank has defaulted in any of its obligations locally or internationally," he said.
"The reform we are doing is to avert anticipated crisis in the sector," he added.
The CBN sacked the managing directors and executive directors of five banks over breach of corporate governance practices in their respective
banks.
The apex bank hinged them on excessive high level of nonperformance loans due to alleged poor corporate governance practices, lax credit
administration and a non-adherence to the banks' credit risk management practices.