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“Sanusi ‘Lied’ About Missing $49.8 Billion Proceeds of Crude Oil Sales” – Senate

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Mallam Sanusi Lamido Sanusi - Bella Naija

The Senate is accusing suspended Governor of the Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi of lying about the $49.8 billion proceeds of crude oil sales he said was misappropriated by NNPC. It said that only $20 billion was missing. 

Ahmed Makarfi, Chairman of the Senate Committee on Finance, revealed this yesterday, Vanguard reports. 

“There was nothing like unremitted $49.8 billion. All the agencies-CBN, NNPC, Ministry of Finance and the Ministry of Petroleum Resources had agreed after reconciliation meetings that $47 billion out of the $67 billion had been credited to the Federation Account. The amount to be accounted for, therefore was $20 billion,” the committee stated. 

This report has reportedly cleared the NNPC and the Ministry of Petroleum of any allegations of shady deals.

12 Comments

  1. @edDREAMZ

    May 29, 2014 at 1:24 pm

    CHAI!!! Seriously all i was seeing was BILLION NAIRA and we are suffering like this…. God send thunder to punish person abeg…..
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    ***CURRENTLY IN JUPITER***

  2. cledges

    May 29, 2014 at 2:26 pm

    out of the 20 billion our deziani took 10 billion and shared the rest among top execs na. it aint missing jor, let them look in the rightvplaces to find it. but as we all know, all na wash

  3. NaijaPikin

    May 29, 2014 at 2:37 pm

    Exactly how do you clear the agencies when $20 billion isn’t accounted for?

  4. chum chum

    May 29, 2014 at 3:08 pm

    I new he was lying, he was not stable with the figures. It’s a shame.

    • slice

      May 29, 2014 at 3:30 pm

      how is he lying if even They admit we are missing $20billion. abi is that one not money

  5. Marie Antoinette

    May 29, 2014 at 3:29 pm

    Sanusi didn’t lie! GEJ and Dieziani plus the Senate shared the missing money…one day, the truth will be told.

  6. Fatimah

    May 29, 2014 at 3:50 pm

    What are these ones saying? Have we not passed the $67/$49 billion phase? Is $20b not the last figure mentioned by SLS? So where is the lie?

    Anyhow, $20b is not small money, who is going to account for it? and can NNPC’s account be audited while they are it. Msssccchhhheeeewww!

  7. FellowAfrican

    May 29, 2014 at 10:17 pm

    i AM NOT NIGERIAN, BUT I LIKE THIS GUY – I THINK HE IS SMART AND CONTRIBUTED A LOT TO THE ECONOMIC RESTRUCTURING OF NIGERIA. WHY ARE YALL TARNISHING HIS NAME LIKE THIS

    iTS THIS TYPE OF FRUSTRUATION THAT MAKES THE BEST BRAINS OF THE NATION MIGRATE OUT TO GO SERVE IN ANOTHER COUNTRY.

    UNLESS HE IS PROVEN GUILTY IN COURT all THIS NAME TARNISHING SHOULD STOP

    IF YOU PEOPLE DONT WANT HIM, MY COUNTRY WILL HAVE HIM AND UTILIZE HIS BRAIN.

  8. FellowAfrican

    May 29, 2014 at 10:20 pm

    And bella naija the way you title your post sometimes personally i think is stupid and not good journalism. The title is an accusation – dont put an accusation as a subject title – its like you make people make their judgement before they even click on it.

    instead of putting
    “Sanusi ‘Lied’ About Missing $49.8 Billion Proceeds of Crude Oil Sales”

    i would have at least said something like
    “Senate ACCUSE Sanusi about ‘Lieing’ About Missing $49.8 Billion Proceeds of Crude Oil Sales”

    take time out and learn 101 on journalism. i know you are desperate for traffic and clicks but common – get it together.

    #PoorJournalism

  9. Scott

    May 30, 2014 at 2:13 am

    I think Sanusi created a ruse as a pre-distraction from the investigations on him, which he knew were coming to the fore soon.
    He was timely with what he did.

    He eventually got the court to restrict the FRC from investigating him. Who would he suggest should investigate him if the FRC cannot investigate him?

    Do you realise he cannot call for investigations into the missing billions anymore because he went to court and successfully won his fight to stop himself from being investigated

  10. Esther

    May 30, 2014 at 6:01 am

    Why didn’t he say this then may be he didn’t give him his own share that was why he is exposing him now and don’t tell me dat u are just discovering it

  11. papa

    June 13, 2014 at 6:05 pm

    The Senate is saying it is legal for nnpc and the petroleum ministry to misapropriates $20b?

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