The Emir of Kano, Muhammadu Sanusi II, says Nigeria lost about $1bn (N197bn) every month under former President Goodluck Jonathan. Sanusi, who is a former Governor of the Central Bank of Nigeria, said this during a programme titled ‘How a cancer of corruption steals Nigerian oil, weapons and lives’, which aired on The PBS NewsHour, an American daily evening television show.
The former CBN governor said many shady deals took place under the immediate past Minister of Petroleum, Diezani Alison-Madueke, who is being investigated in the United Kingdom. The monarch said, “In Nigeria, there is no accountability at all and that is why I think Nigeria’s corruption is worse than corruption in most parts of the world. It is the worst type of corruption. It’s stealing.
“Frankly, I think a billion dollars under Jonathan a month was about what we were losing.” Sanusi alleged that during Alison-Madueke’s tenure as petroleum minister, people paid as low as $50m for access to crude oil blocs valued at over $2bn.