SANUSI LAMIDO SANUSI AND THE FEDERAL GOVERNMENT OF NIGERIA

“Perhaps Sanusi Lamido Sanusi at the time did not have the facts he now has; perhaps, cautious and tactical in his fight against the corrupt system, he was conscious of the sensitivity of his office especially as regards the need to preserve the stability of the economy; perhaps, he had waited for a more appropriate time............." See full text after the cut

Reactions from the $20 billion missing kerosene funds

Reactions have continued to trail the allegation by the CBN governor that the Nigerian National Petroleum Corporation, NNPC,  has failed to remit $20 billion into the coffers of the Federal Government, in a public hearing at the Senate, Tuesday.

Minority Leader of the House of Representatives, Femi Gbajabiamila, in his reaction told Vanguard that it’s a shame that such a huge amount could not be accounted for. “It simply brings home the position our caucus took at the budget debate,(Tuesday). The reason such colossal sums can disappear is because of the non-compliance with Section 21 of the Fiscal Responsibility Act and refusal of the Minister of Finance to submit the detailed estimates of agencies such as NNPC to the National Assembly as prescribed by law. It is a crying shame and an indictment on the NASS that it has taken the Governor of CBN to discover what we should have, had we properly discharged our oversight functions by insisting on compliance with the Fiscal Responsibility Act,” he said.

Transcript of The Letter From The CBN Gov To President Jonathan-Sahara Reporters

CBN Governor, Lamido Sanusi Lamido

This Letter is believed to have emanated from the Office of the Central Bank Governor as reported by SaharaReporters. Reading through I find a part which questions the veracity of the said letter. I leave you to read through carefully and make your submission as comments.