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‘Missing’ $20bn; Alison-Madueke, others will go to jail if found guilty – Presidency

The Minister of Petroleum Resources, Deziani Allison-Madueke and other chief executives of parastatals under her ministry will be arrested and prosecuted if indicted by the ongoing probe into the alleged missing $20 billion from the account of Nigeria National Petroleum Corporation (NNPC).

The assurance was given by the presidency while explaining reasons for the removal of Sanusi Lamido Sanusi from office as the Governor of the Central Bank of Nigeria.


In a statement issued in Abuja by the Senior Special Assistant on Public Affairs, Doyin Okupe, the presidency denied allegations of witch-hunt against Sanusi over his disclosure that the NNPC did not remit proceeds of oil sales to the federation Account.

“This action of Mr President is coming after a painstaking appraisal and investigation of all issues involved”, he said.

“The fact that this has occurred at the same period that Mr. Sanusi accused the NNPC of non- remittance of 20 billion dollars to the Federation Account does NOT in any way derogate from the grave infractions and illegalities discovered in the audit report of the CBN and its operations.

“For the avoidance of doubt, Nigerians should be assured that Government will go to any length to ensure that Mallam Sansui’s allegations against the NNPC are fully and conclusively investigated and if anyone is found culpable, they will be subjected to the full weight of the law” the FG said in assuring Nigerians of its readiness to send Deziani and anyone to jail over the issue.

In its explanations of the infractions allegedly committed by Sanusi, the FG said it has evidences to prove that the tenure of Sanusi was fraught with frauds and abuse of privileges of office.

The aide insisted that the suspension of Sanusi was not to witch hunt, neither was it a deviation from the anti-corruption drive of the Jonathan administration.


He explained that the issues that culminated into the suspension of the CBN Governor dated back to April 2013 following the submission of the CBN audited accounts for the year that ended on December 31st, 2012 and which was submitted to the President by the Apex bank.

He noted further that there were several grievous issues bothering on “impunity, incompetence, non-challance, fraud, wastefulness, and gross abuse of and noncompliance with provisions of the Public Procurement Act 2007″ by Sanusi.

“This caused Mr. President to issue a 22-paragraph query to the suspended CBN Governor on the 4th of May 2013 and the subsequent written explanation by Mallam Sanusi which was forwarded to the President on the 22nd of May 2013.

“After painstaking analysis and examination, the response was forwarded to the Financial Reporting Council of Nigeria for further scrutiny and professional advice.

“The Financial Reporting Council of Nigeria thereafter forwarded a 13-page response to Mr President with various critical observations and far-reaching recommendations.

“One of the recommendations states thus “ Your Excellency may wish to exercise the powers conferred on Mr President by Section 11(2) (f) of the CBN ACT 2007 or invoke Section 11 (2) (c) of the said Act and cause the Governor and Deputy Governors to cease from holding office in the CBN”

“It is also important to note the unrestrained manner, recklessness and impunity with which the CBN Governor had governed the apex bank in the last few years. In 2013 alone, the suspended CBN Governor single-handedly made spurious donations and awarded questionable contracts totaling 163 billion Naira (over 1 billion US dollars) to various institutions without recourse to the President as stipulated by Section 7 sub-section 5(a) of the CBN Act.

“Most unfortunate is the fact that of the 63 projects listed under the Corporate Social Responsibility of the CBN, ONLY 3 of the contracts above 1 billion Naira were referred to the bureau of Public Procurement as required by law.

“It was based on this and other recommendations contained in the said report and after further consultations among stakeholders that Mr President in his wisdom and in the interest of probity, accountability and in order to preserve the integrity and sanctity of the Nations apex bank, decided to take the appropriate decision to place Mr Sanusi Lamido Sanusi on immediate suspension”.
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11 comments

  1. If this administration can jail the likes of diezani then I'll be so happy not to mock them but to believe the government for the first time.

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  2. That is the problem with Nigerians. Why should Deziani go to jail. Let her be investigated first and if found guilty she should be jailed.

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  3. I cAn swear that Nigerian laws are onlyy for the common man. No idiot shd tell us of the stupid "weight of the law". How many corrupt polittician have been jailed? If the law is blind, then Nigerian Law is not only blind; it is also stupid, dumb, drunk and mad. How cann the "law" be for only the ordinary man and perceived enemies, yet u say You're building. A nation? No one is vgoing to jail for anything. What of those who went but later pardoned by this govt? We're doomed.

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  4. Yes o! Anon 931,I concur, which jail? Ibori that was stinking guilty, in fact, guilt was oozing from his entire body,if possible guilt can be visible to human eyes, humans can see the guilt on him but he was declared innocent in Nigeria court of law, Alams was pardoned/cleared of all offenses so tell me which jail are we talking about? Odua issue is there even if she's not guilty of the fraud then somebody mUst be! Cz the fraud was actually committed wasn't it? So someone should be held responsible but till date no one was prosecuted and gradually the case is dying or already dead.

    Please and please GEJ and co, accommodating ur government doesn't mean we are fools so don't add salt to our injury by telling us what u are not capable of.

    If sanusi is found wanting u can go ahead to prosecute him and jail him if found guilty, I care less but I know and believe that on corruption, ur score is ZER0.

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  5. Does d GEJ has d political Will to jail anyone percieve to b corrupt? Wouldn't him consider d ompacy of such on his re-election? Hw many obvious corrupt politicians ve bn jailed.pls spear us dis re occuring jokes, wee aint fools...David

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  6. Who can GEJ decive? Y is he foot draggin in prosecuting. His aids like stella Oduah, Orubebe, ETC

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  7. Does d GEJ has d political Will to jail anyone percieve to b corrupt? Wouldn't him consider d ompacy of such on his re-election? Hw many obvious corrupt politicians ve bn jailed.pls spear us dis re occuring jokes, wee aint fools...David

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  8. The likes of alam's,faruk, bankole and otedolas all these persons haave not been sent to jail. Well we are waiting to see if nigerian laws are not for the common man.

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  9. The Nigeria Presidency has turned into a mockery and fraudulent establishment.

    ‘Missing’ $20bn; Alison-Madueke, others will go to jail if found guilty – Presidency

    The issue of “impunity, incompetence, non-challance, fraud, wastefulness" is another sign of what our today Presidency is.

    Still another example is Ibori case. Nigerians remember how he was freed from jail here at home. Today, where is he? Whoever reads British authorities response to allow inmates of both countries to serve their terms in their we know that this Presidency has put the country into shame.

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  10. Pple speak bcos they have not been leaders before even in small group, if the former leaders have created Mess in the system and u want to repair it then you must apply wisdom so other currupt people who has gone Scot free will not come hunting you as they know you will come looking for them and that means you are calling for early death for your self.GEJ is trying his best. He is doing everything gradually by suspending them and seeing the reaction and I believe if he is given more chance, He will jail them for real . Nigeria is so currup and before your can restore it back that means some one needs to sacrifice his or her self bcos pple will come after you. U are not there and dont know what is going on and the media tells u what u want to hear . Guys support this man . To lead a little group is difficult not to talk of the nation . The system was a mess when he came in and see what bokoharam is causing for him and it may be bcos he was trying to be the Jesus of Nigeria that is why these things came up. The man is under treat and I know he must have disobeyed OBJ that brought about their problem. The rest is left for u all to think.

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    Replies
    1. So, Steve at 10.17pm, what you are saying is that he suspended Sanusi so that some people would not come looking for him to kill him. I never heard of such unbelievable statement before. Shakespeare says, 'cowards died many times before their death, but the valiant never taste death but once'. A leader must know that for every action he takes, he is making history and he is also choosing to be in support of good or evil. The whole incidence is calling a dog a bad name in order to hang it. The President should have waited until the end of the audit before he takes any action against Sanusi. That it was in respect of the CBN Audit that was done in the past is an afterthought. By suspending Sanusi now, Jonathan has allowed people to think it is because of the missing $20bn. If he did it by mistake then he is worth to be a leader. A leader must have foresight and be able to anticipate the reaction of his people for every or most of the action he takes. Please note that. We don't have to support the man if he is incompetent. For each 4 years he spent mismanaging the country, it is 4 years in the life of the average man gone with the wind. A country may not feel the loss but it is a long period in the life of a man.

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