Posted on: 12:30 Mon, 07 Dec 2015



The Emir of Kano, Muhammadu Sanusi
II, has claimed that about $1bn
(N197bn) went missing every month
under former President Goodluck
Jonathan.

The former apex bank governor, said
this during a programme entitled
‘How a cancer of corruption steals
Nigerian oil, weapons and lives’,
which aired on The PBS NewsHour,
an American daily evening television
show.

The monarch said many dirty and
shocking deals took place under the
immediate past Minister of
Petroleum, Diezani Alison-Madueke,
who is currently being investigated
in the United Kingdom.

His words, “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.”

Speaking further, the emir claimed
that during Alison-Madueke’s tenure
as petroleum minister, people paid
as low as $50m for access to crude
oil blocs valued at over $2bn.

Sanusi said, “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.”

“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.

The US television show quoted United
States and UK authorities as saying
that Alison-Madueke might have
“personally overseen the stealing of
$6bn”.

“The most common method is
awarding oil contracts to companies
owned by friends,” it added.

Source:- Daily Post