The Emir of Kano, Muhammadu Sanusi II, has claimed that
about $1bn (N197bn) went missing every month under
According to Daily Post, the former CBN 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.
He said
“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"
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