The former CBN governor and Emir of Kano, Muhammad Sanusi II has reacted to the auditors’ report on the Nigerian National Petroleum Corporation’s (NNPC’s) books.
The Emir and former Central Bank of Nigeria (CBN) governor, in an article titled “Unanswered questions on Nigeria’s missing oil revenue billions”, in the “Financial Times”, insisted that the PwC Audit Report confirmed that about $18.5billion of the NNPC’s earnings was not remitted to the treasury, contrary to what Mrs. Diezani Alison-Madueke, the Petroleum Minister claimed is the case.
Sanusi words: “Contrary to the claims of Petroleum Minister Diezani Alison-Madueke, the audit report does not exonerate the NNPC. It establishes that the gap between the company’s oil revenues between January 2012 and July 2013 and cash remitted to the government for the same period was $18.5bilion.”
The Emir of Kano said the breakdown of the NNPC’s account of how it used that money, raises serious questions about the legality of the conduct of the state’s oil company.
He said the only thing that is left to be done is for the authority to hold anyone found culpable in these transactions accountable and commence legal proceedings against them since, in his words, “Nigerians did not vote for an amnesty for anyone”.
Sanusi said: “The lines of investigation suggested by this audit need to be pursued. Any officials found responsible for involvement in this apparent breach of trust must be charged.”
Less we forget, the former CBN governor Mohammad Sanusi II has been on this NNPC issue since last year to ensure individuals involved in the mis-management of the NNPC accounts are brought to book. Do you agree with Sanusi on his new claim?
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