Former President Goodluck Jonathan has denied ever having any $48.9 billion missing during his administration as claimed by Sanusi Muhammad II, former central bank governor and now emir of Kano.
September 26, 2024 4:55 pmFormer President Goodluck Jonathan says $49.8 billion did not go missing during his administration.
In 2013, Sanusi wrote in a letter addressed to Jonathan: “I am constrained to formally write your Excellency, documenting serious concerns of the CBN on the continuous failure of the NNPC to repatriate significant proportion of the proceeds of the crude oil shipment it made , in gross violation of the law.”concerns about a certain $20 billion which the Nigerian National Petroleum Corporation allegedly failed to remit to the federation account.
“He was not sacked. He was suspended because the Financial Reporting Council queried the expenditure of CBN. And there were serious infractions that needed to be looked at. That was the reason. “Let me tell you a personal experience. The African presidents and the EU presidents, we had a meeting. I think in Belgium or Moscow,” he said.“And during those meetings, you have bilateral talks, and the chancellor of Germany then, Angela Merkel, requested that we should have a bilateral meeting.
“I said, what is happening? What’s the use of welcoming a guest? Then I smiled and said, Madam Chancellor, of course, the economy of Germany is very strong, so if you are talking about $49.8 billion, just say $50 billion. “We commissioned the PwC, one of the best financial gurus, auditors and so on. I said they should do a forensic audit, but nobody can sit down and say $50 billion, because I have no idea about that one.
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