Sanusi Muhammad II, the emir of Kano, says jailing Diezani Alison-Madueke for sharp practices at the Nigerian National Petroleum Corporation (NNPC) will send a signal to the corrupt in Nigeria.
The former governor of the Central Bank of Nigeria (CBN) also said Nigeria was losing about N200bn on a monthly basis, under the administration of former president Goodluck Jonathan.
Speaking on the operations of the NNPC under the leadership of the Alison-Madueke, Sanusi said corruption prevailed in the NNPC and allowed a small group of people siphon the treasure of the Nigerian people.
Nick Schifrin, who asked Sanusi about the former OPEC president’s dealings at the NNPC said US and British officials say Alison-Madueke “might have personally overseen the stealing of $6bn (N1.2tr). The most common method is awarding oil contracts to companies owned by friends.”
Advertisement
Sanusi told American news channel, PBS News hour: “Basically, all it (corruption) does is allow a group of people, who themselves don’t have any kind of operating background, to pay $50m for access to the crude oil in blocs, valued at over $2bn and they just take the crude oil, ship it out and don’t return the money and there is no trace of where the money has gone.
“Someone gets a contract to lift crude from the terminals to the refineries and in between, that crude is stolen; it is stolen on the high sea.
Advertisement
“If she (Diezani) goes to court and is jailed for example, it sends a signal; I think that there is a day of reckoning.”
Sanusi said corruption in Nigeria is the worst type of corruption, emphasizing that stealing is corruption.
“In Nigeria, there is no accountability at all and that is why I think Nigeria’s corruption is worse than corruption in most parts of the world. It is the worst type of corruption. It’s stealing
“Frankly, I think a billion dollars under Jonathan a month was about what we were losing.”
Advertisement
The PBS NewsHour corroborated TheCable’s initial report about dealings within the CBN and the Office of the National Security Adviser (ONSA), led by Sambo Dasuki, under “special services”.
The news channel published on of the documents requesting for one of the tranches of billions of naira moved by the NSA from the CBN.
A second document was also published requesting $289,202,382 for the National Intelligence Agency (NIA), the Nigerian equivalent of the US Central Intelligence Agency (CIA).
Advertisement
8 comments
Please sanusi Nigerian are tired with all this allegations without proof or the alleged culprit being charged to court. We have been singing this tune for over 6 months with9any concrete action.
Also your stewardship as CBN Governor has questions which I believe has been bargained politically. It is best this issues are resolved else it will be a source of blackmailing you in future
I think Sanusi has a private beef with Mrs Madueke. So far the Nigerian government has not been able to prove anything and yet he is here asking for her to be jailed. We must not base this anti-corruption fight on sentiments and guesswork.
This is what you hear from an Islamic Scholar (degree in Islamic Studies) who became a Governor of the Apex Bank (CBN). How did this happen? Only in Nigeria. Diezani is not perfect. She is 100000% better qualified to head any post than you.
For meaningful public discourse it is important to be mindful of the facts, even if they are inconvenient and not supportive of one’s argument.
Below is a snippet from Sanusi’s cv which is the public domain.
Sanusi graduated from King’s College Lagos in 1977[5] and attended Ahmadu Bello University (ABU) Zaria where he earned a Bachelors degree in Economics in 1981. He obtained a Masters degree in Economics at ABU (1983) and was an instructor at ABU from 1983 to 1985.[5]
Banking career
In 1985 Sanusi joined Icon Limited (Merchant Bankers), a subsidiary of Morgan Guaranty Trust Bank of New York, and Baring Brothers of London. He moved to the United Bank for Africa in 1997 in the Credit and Risk Management Division, rising to the position of a General Manager. In September 2005, he joined the Board of First Bank of Nigeria as an Executive Director in charge of Risk and Management Control, and was appointed Group Managing Director (CEO) in January 2009. He was also the Chairman, Kakawa Discount House and sat on the Board of FBN Bank (UK) Limited.[1] Sanusi is recognized in the banking industry for his contribution towards developing a risk management culture in Nigerian banking.[6] First Bank is Nigeria’s oldest bank and one of the biggest financial institutions in Africa.[7] Sanusi was the first northerner to be appointed CEO in First Bank’s history of more than a century.[8]
Thank you very much for this information. When people say Sanusi has only a degree in Islamic Studies I am always baffled thinking if someone has such degree and speaks the way he does, such person must be very intelligent. I feel everybody should go study Islamic Studies to be as intelligent as Sanusi.
No, Sanusi does not have a Masters degree in economics. He did not finish the degree course before going to Sudan to study Sharia. I know him personally, being his senior at Kings College. In any sane and meritorious society, he would not be a Governor of the CBN, on the basis of his academic and intellectual accomplishments. Surely Sharia is not a good preparation for Central Banking.
All these positions he held in the banks were courtesy of the nepotism of Umaru Muttallab, the father of the Underwear Bomber. Muttallab also saved him when Abacha wanted to execute him for ochestrating the murder by decapitation, of the hapless Igbo businessman, Gideon Akaluka.
Your comment..@George this hypocrite comment is senseless, is Nigeria a Christian owned country or what ? what brought religious issue into the facts stressing out by the Royal father ? This kind of stupidity exhibits by you people led us to this nonsense.
Your comment..All these senseless comments are subjective and based on tribal sentiments. The Igbos who had the opportunity under Jonathan to prove to other Nigerians that they are good who can be relied upon bungled it and went on a stealing spree. So why not defend one of their own who did it on their behalf? That is the truth of the matter, no more no less.