The former governor of the Central Bank of Nigeria (CBN) revealed this during an interview with an American Based news channel, PBS News Hour.
Sanusi, who is now a revered religious and traditional ruler of the ancient city of Kano, in Nigeria’s core north said Nigeria was losing about N200bn on a monthly basis, under the administration of former president Goodluck Jonathan.
Speaking on the operations of the NNPC under the leadership of the Alison-Madueke, Sanusi said corruption prevailed in the NNPC and allowed a small group of people siphon the treasure of the Nigerian people.
It would be recalled that Sanusi was removed from the position as the head of Nigeria’s Central Bank (Equivalent of the Governor of Britain’s Bank of England) after he blew the whistle of the theft of over $20 billion from money that should have accrued to the Federation.
Nick Schifrin, who asked Sanusi about the former OPEC president’s dealings at the NNPC said US and British officials say Alison-Madueke “might have personally overseen the stealing of $6bn (N1.2tr). The most common method is awarding oil contracts to companies owned by friends.”
“Basically, all it (corruption) 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.
“Someone gets a contract to lift crude from the terminals to the refineries and in between, that crude is stolen; it is stolen on the high sea.
“If she (Diezani) goes to court and is jailed for example, it sends a signal; I think that there is a day of reckoning.”
Sanusi said corruption in Nigeria is the worst type of corruption, emphasizing that stealing is corruption.
“Frankly, I think a billion dollars under Jonathan a month was about what we were losing.”
The PBS News Hour documentary video below reveals more about the modus operandi of the alleged looters under former President Goodluck Jonathan.