The Emir of Kano, Muhammadu Sanusi II, has claimed that about $1bn (N197bn) went missing every month during the administration of former President Goodluck Jonathan. The Monarch stated this in a documentary entitled ‘How a cancer of corruption steals Nigerian oil, weapons and lives’, aired on The PBS NewsHour, an American daily evening television show. Emir Sanusi said, “Frankly, I think a billion dollars under Jonathan a month was about what we were losing.”
The former CBN governor further claimed that during Diezani 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. “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.