$1 Billion Were Missing Every Month Under Jonathan – Sanusi

Former Governor of the Central bank of Nigeria and current Emir of Kano, Sanusi Lamido Sanusi has said that under that administration of former Nigerian president, Goodluck Jonathan, about a billion dollar went missing every month. Sanusi said this on American TV show, The PBS NewsHour, which were looking at corruption in Nigeria.

“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.” He said

He explain further “Basically, all it 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.”

Sanusi also said if Former Petroleum Minister, Diezani Alison-Madueke is sent to jail, it will be a warning to others, “If she goes to court and is jailed for example, it sends a signal; I think that there is a day of reckoning,” he said

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Written by Abel Abel

Abel Abel is your leading blog that focus on breaking news, entrepreneurship and relationship


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