The Emir of Kano, Muhammadu Sanusi II, has stated that $1bn (N197bn) went missing every month under the administration of former President Goodluck Jonathan.
Muhammadu Sanusi II said this during a programme titled ‘How a cancer of corruption steals Nigerian oil, weapons and lives’, which was aired on The PBS NewsHour, an American daily evening television show. In the interview, The Emir of Kano 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.
In 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.”
The Emir of Kano stated that Under Alison-Madueke’s tenure as petroleum minister, people paid as low as $50m for access to crude oil blocs valued at over $2bn.
“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 most common method is awarding oil contracts to companies owned by friends,” He added.
Emir Muhammadu Sanusi II (born: Sanusi Lamido Sanusi) was born into the Fulani Torodbe (Sullubawa) clan of Kano on the 31st of July 1961. He was crowned on the 8th of June 2014 as the Emir of Kano, succeeding his late great-uncle Dr Ado Bayero (who died on Friday 6 June 2014). Malam Sanusi was a successful banker and was a former Governor of the Central Bank of Nigeria.
He was appointed on 3 June 2009 for a five-year term, but was suspended from office by President Goodluck Jonathan on 20 February 2014 after exposing a $20 billion fraud committed by the president’s associates in the Nigerian National Petroleum Corporation (NNPC) by the president’s regime.
Malam Sanusi is the grandson of Muhammadu Sunusi (The 11th Fulani Emir of Kano ) He was a career banker and ranking Fulani nobleman, and also serves as a respected Islamic scholar.The global financial intelliegence magazine, The Banker, published by the Financial Times, has conferred on Sanusi two awards, the global award for Central Bank Governor of the Year, as well as for Central Bank Governor of the Year for Africa. The TIME magazine also listed Sanusi in its TIMES 100 list of most influential people of 2011.
In 2013, Sanusi was also awarded a Special GIFA award at the third Global Islamic Finance Awards held in Dubai, for his advocacy role in promoting Islamic banking and finance in Nigeria during his stint as Governor of the Central Bank of Nigeria.