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How Jonathan's Men Stole $1bn From Nigeria Every Month - Emir Sanusi (Video)
Posted by George on Mon 07th Dec, 2015 - tori.ngThe former Central Bank of Nigeria governor has narrated on air how the past administration of Goodluck Jonathan massively siphoned money from the country's treasury.
Muhammadu Sanusi II
Emir of Kano, Muhammadu Sanusi II, has stated that aides and associates of ex President Goodluck Jonathan stole about $1bn from the nation every month.
“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.”
The former CBN governor said many shady deals took place under the immediate past Minister of Petroleum, Diezani Alison-Madueke, who is being investigated in the United Kingdom.
Explaining how some of the shady deals took place, 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.”
He spoke during a programme titled ‘How a cancer of corruption steals Nigerian oil, weapons and lives’, which aired on The PBS NewsHour, an American daily evening television show.
“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.”
The former CBN governor said many shady deals took place under the immediate past Minister of Petroleum, Diezani Alison-Madueke, who is being investigated in the United Kingdom.
Explaining how some of the shady deals took place, 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.”
He spoke during a programme titled ‘How a cancer of corruption steals Nigerian oil, weapons and lives’, which aired on The PBS NewsHour, an American daily evening television show.
Sanusi added that if the former oil minister was found guilty by a UK court, it would serve as a warning to other corrupt people.
“If she goes to court and is jailed for example, it sends a signal; I think that there is a day of reckoning,” former CBN governor stated.
The US television show cited United States and UK authorities as saying that Diezani might have “personally overseen the stealing of $6bn. The most common method is awarding oil contracts to companies owned by friends.”
It supposed that the second most common method of stealing oil was to make oil vessels disappear mysteriously.
Watch the full interview below:
“If she goes to court and is jailed for example, it sends a signal; I think that there is a day of reckoning,” former CBN governor stated.
The US television show cited United States and UK authorities as saying that Diezani might have “personally overseen the stealing of $6bn. The most common method is awarding oil contracts to companies owned by friends.”
It supposed that the second most common method of stealing oil was to make oil vessels disappear mysteriously.
Watch the full interview below:
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