Sunday, May 30, 1999 Published at 04:26 GMT 05:26 UK
Obasanjo names key figures
Civilian President Olusegun Obasanjo is handed the constitution
The President of Nigeria, Olusegun Obasanjo, has made a number of key military and political appointments just hours after being sworn in.
Mr Sanusi comes to the central bank from the private sector. During the years of military rule, billions of dollars of state funds are thought to have been embezzled by the corrupt leadership.
The BBC correspondent in Nigeria, Barnaby Phillips, says that by making such an appointment, President Obasanjo has signalled his intention to keep key parts of the economy closely under control.
Drive to end corruption
Earlier, numerous African heads of state, as well as other foreign dignitaries, attended President Obasanjo's swearing-in ceremony which marked the end of more than 15-years of military rule.
"Corruption will be tackled head on," he said.
Officials said Obasanjo would name the rest of his government next week. Both houses of the national assembly are also expected to be opened early next week, the next step towards returning Nigeria fully to civilian rule.
In a farewell speech on Friday, the outgoing military leader, General Abubakar, defended his government's record, but urged the army to resist any temptation to take power again in the future.
His last move, before handing over power, was to abolish the decree allowing the detention without trial.
Nigeria's new president faces a series of tough challenges as he takes office.
But the economy has been steadily withering after years of waste, corruption and mismanagement.
Meanwhile, unemployment is soaring and much of the population lives in poverty with no access to electricity, roads or education.
Mr Obasanjo, himself a former military ruler, insists he will bring Nigeria back from economic collapse. Now millions of Nigerians will be watching to see him prove his worth.