Politics Alleged missing $49.8 billion: How Senate c’ttee came up with its findings - Vanguard


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WHEN the letter he had earlier secretly written to President Goodluck Jonathan in December 2013, intimating the president of the sum of $49.8 billion allegedly missing from Nigeria’s oil proceeds, leaked to the public, the then Central Bank of Nigeria, CBN, Malam Sanusi Lamido Sanusi was hailed by many even as others immediately dismissed his allegation, saying he was playing the script of certain elements to derail the federal administration.

In the letter, Sanusi alleged that the Nigerian National Petroleum Corporation, NNPC, failed to remit more than two-thirds of the oil money earned by the country between January 2012 and July 2013, insisting that out of the sum of $67 billion, only about $18 billion had so far been accounted for, while the sum of $49.8 billion was unaccounted for.

Those who dismissed Sanusi’s claims, believed that the then CBN boss had come up with the claim as a strategy to divert public attention from then ongoing investigation into his alleged shady deals by the Financial Reporting Council of Nigeria, FRCN, among which was his financial recklessness coupled with his perceived imbalance in donations to states and institutions.

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Source: #Vanguard


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