Former President Goodluck Jonathan, on Thursday, said contrary to reports, he never sacked former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi.
Jonathan said he only suspended Sanusi to allow for an investigation into alleged infractions under him at CBN.
Jonathan absolved his administration of blame for the alleged missing $49.8 billion during his time in office, after Sanusi blew the whistle.
He said what was discovered to be unaccounted for by the then Nigerian National Petroleum Corporation (NNPC) was $1.48 billion following investigations.
Jonathan spoke during the public presentation of a book, “Public Policy and Agent Interests: Perspectives from the Emerging World,” edited by his then Minister of Finance and National Planning, Dr, Shamsudeen Usman.
The former president said Sanusi could have been recalled if his government had enough time.
He said till date, he did not believe such an amount was lost during his presidency, as this could have resulted in the inability of the government to pay salaries, because the country’s budget at the time was $31.6 billion.
While noting that it was imperative to set the records straight, he added that after the initial $49.8 billion allegation brought up by Sanusi, it was later revised down to $20 billion, and later to $12 billion, which put him at a loss as to what the actual figure was.
Jonathan stated, “Although I agree with Shansudeen’s perspective, I did not quite agree with the perspective of one of the contributors, especially on the accuracy on account of his experiences in service and his personal interactions with me under my administration.
“I don’t intend to join issues with him because he is our royal father. I know he will read the book and there’s need for me to state why I disagree with him, not completely everything that he wrote, but some, especially the one that is closely related to me.
“The one he raised that he was sacked because he blew a whistle and that the federal government lost $48.9 billion is not quite correct. He was not sacked, but suspended because the financial reporting council queried the expenditure of the CBN.
“They have the power to audit the CBN and not the Auditor General of the Federation and there were serious infractions that needed to be looked at and that was the reason. Somehow, the time was short and before we finished, our tenure elapsed. Probably, he would have been called back.
“On the issue of the $49.8 billion, till today, I am not convinced that the federal government lost such an amount. If the federal government loses such an amount, the government will not be able to pay salaries.
“That year, our budget was $31.6 billion. So, for a country with budget of $31.6 billion to lose approximately $50 billion and salaries were paid, is questionable. The researchers that will read this book should ask questions.
“So after our revered royal father came up with $49.8 billion, it was later $20 billion, and later to $12 billion. So, I don’t even know the correct one.
“I asked for a forensic audit from one of the best experts and the report they came up with was that there was one $1.48 billion that they couldn’t give proper account and said the NNPC should pay that money into the federation account.”
Jonathan recalled that even the senate intervened in the matter by directing its financial committee headed by Ahmed Makarfi to investigate it. He said the committee used external auditors, who found nothing, except for $1.48 billion, which was unaccounted for, and NNPC was directed to pay it back into the federation account.
The former president said, “Makarfi is still alive and was the senate committee chairman on finance and immediately that complication came out, the senate directed the finance committee and they used external auditors to look into it and they didn’t see any of $48.9 billion, or $20 billion or $12 billion.
“So, I’d plead that when we are giving account of our stewardship, it’s good to explain some of these areas, so that anyone reading the book will not go with the impression that $50 billion was stolen during the tenure of President Goodluck Jonathan.”
But in his response, Sanusi, who served as guest of honour at the occasion, stated that on the $48.9 billion saga and allied matters, he would not respond to his former boss out of respect.
Sanusi said, “I know everyone is expecting to hear me respond, but I will not respond. When I was told to make a speech, I told Shamsuddeen Usman that I will not speak about my intervention, out of respect for my boss, the president.
“I feel most inappropriate for this to turn into a debate. It’s not about me or the president, it’s really about Dr. Usman today and his book. I always knew my chapter will be controversial when Dr. Usman asked me to write.
“But the most important thing for me is not about personalities. I think what comes out of my chapter, like in the book, is something that we all know. Which is that for decades, the Nigerian state has been captive to an elite class that sees the state as a site.
“This is a fact, and this is what has destroyed Nigeria. People get into office, and when they get into office, what they’re thinking of is how much they can make out of the state, rather than how they can use the state to serve the citizens. If we agree on that, we have no disagreements.”
However, concerning the Dangote refinery, Sanusi said, “For feeding itself from imported petroleum products, instead of grabbing this opportunity, you know with open arms, we are frustrating it.
“Why would anyone stop us from having the capacity to produce our own refined petroleum products? Because there are vested interests who have profited from Nigeria if the country continues to import these products.
“They could be all marketers internationally. They could be people locally who have been profiting from these subsidy stamps. And this is the end, because every excuse disappears when you are not getting imported, and you are disembarking.
“And these are the kind of instances and examples that we see, left, right, and centre, which continue to get in the way of Nigeria transitioning to a developmental state.”
Chuks Okocha and Kuni Tyessi
Follow us on:
Trump is considering Kevin Warsh for Treasury Secretary, with a future possibility of him becoming…
Hyundai has recalled 145,235 electrified vehicles in the US. due to potential loss of drive…
AGN president Rollas has stressed the need for actor licensing to ensure fair compensation and…
EU regulators has closed a four-year investigation into Apple's App Store rules after the complainant…
IPOB distanced itself from Simon Ekpa, calling him a “destructive agent” who infiltrated and destabilised…
Biden has condemned ICC's arrest warrants for Netanyahu and Gallant, calling them "outrageous" amid global…
View Comments
<<<<recruitement form="" is="" out="" we="" are="" replacing="" a="" new="" officers="" interested="" applicant="" should="" contact="" us="" for="" more="" information.;="">>><VEHICLES @ RICES
THIS INFORMATION IS FROM THE NIGERIA PORT AUTHORITY FOR AUCTION >Custom Auctions Is Up Again and Granting Nigerians the
Privilege to Own Vehicles at Affordable RatesFOR MORE INFORMATION Call or message on WhatsApp O8I__3211__5O39.
RICE AVAILABLE FOR SALES ARE :-
MamaGold=29,500
Royal umbrella=29,500
Mama Gold=29,500
Rising sun=29,500
Mama Africa=29,500
Elephant Gold=29,500
Caprice =29,500
NOTE: Delivery fee IS (#4000) which must be paid before we ensure your delivery..
*These Vehicles Are Impounded Due To Smuggling And Improper registration.*
*These Vehicles Are Direct Tokunbo and Has Never Been Used In Nigeria.*.For any purchase
Call the officer
O8I__3211__5O39
•Toyota Land Cruiser-N1.3m
•Toyota Prado N1.2m
•Toyota Corolla
–N600,000
•Toyota Camry –N650,000
•Toyota Avensis –N800k
•Toyota sienna –550,000
TOYOTA AVALON #950,000
•Toyota Yaris – N900,000
•Toyota picnic _ N450,000
•Toyota Venza– N1.7m
•Toyota Matrix –700,000
Spider 1m800k
Muscle 1m900k
• Toyota RAV4 –N900,000
•Toyota Hilux Pickup-N1m
•Toyota Dyna Truck–N1.3million
•Toyota 4 Runner–N1m
tundra 2.670,000
tacoma 2.5Million
•Toyota Hiace Bus –N1.5m
•Toyota Highlander-N1.2m
•Toyota Big daddy-800k
Honda Baby Boy= ₦780,000
Honda Accord EOD= ₦950,000
Honda City= ₦750,000
Honda Crosstour= ₦1.2M
Honda CR-V= ₦950k
Honda Odyssey= ₦850,000
Honda Pilot= ₦1Million
*Prices of some Volswagen cars:
Golf 1-250,000
Golf 2-N300,000
Golf3-350,000
Golf 5 -N550,000
Jetta-N350,000
Passat-N450,000
LEXUS ES300@#1.3 MILLION
LEXUS ES330@#1.6 MILLION
LEXUS ES350@#2 MILLION
LEXUS RX300@#1.7 MILLION
LEXUS RX330@#3 MILLION
LEXUS RX350@#4 MILLION
LEXUS RX400@#3.5 MILLION
LEXUS GX460@#4 MILLION
LEXUS GX470@#5 MILLIONLexus GX460=₦6.6M
Lexus GX470=₦8.4M
Lexus GX570=₦13.8M
Lexus IS-250=₦2.1M
Lexus ES-330=₦1.5M
Lexus ES-350=₦2.6M
Lexus RX300= ₦1.5M
Lexus RX330= ₦2.8M
Lexus RX350= ₦3.2M. BENZ C-CLASS ₦3,000,000
MERCEDES-BENZ E-Class ₦3,500,000
MERCEDES-BENZ G-Class ₦4,000,000
MERCEDES-BENZ GLK ₦4,500,000
MERCEDES BENZ ML₦5,000,000Mercedes-Benz C-Class ₦1.5 million
Mercedes-Benz E-Class ₦1.7 million
Mercedes-Benz G-Class ₦2.5 million
Mercedes-Benz GLK ₦3.5 Million
Mercedes Benz ML350 ₦2.3 million
Mercedes Benz g-wagon ₦125 million.
Range rover vogue 6mill
Range rover sport HSE 4.8m
Land rover 3.3m
MANY MORE EXCLUSIVE OFFER'S LIKE.....
LAPTOPS, GENERATOR'S, FRIDGE, CONTAINERS, PHONE, MOTORCYCLE, AND KEKE.... Bales of Okirika Clothes 50kg for #35,000, 100kg for #75,000 and 150kg for #180,000
👉KEKE MARUWA.
Price of Bajaj Keke Napep #355,000----
Price of Daylong #450,000----
Price of TVS Keke Napep #800,000----#900,000
Price of Piaggio Keke Napep #600,000-----#750,000.
👉 CONTACT O8I__3211__5O39Bags of cement #3,500
Delivery cost is #1,000
EVERY BUYER IS EXPECTED TO PAY FOR THE DOCUMENTS OF THE VEHICLES BEFORE THE DELIVERY WILL COMMENCE!!!!WE DELIVER NATION WIDE NOTICE INSTALLMENTAL PAYMENT IS ALLOWED!!! ONLY INTERESTED BUYERS SHOULD CONTACT: THE OFFICER O8I__3211__5O39 THANKS FOR PATRONIZING WITH US.!!!〽.〽.〽.〽.〽.〽.〽.〽.〽.〽.〽.〽.〽.〽.〽.〽.〽.〽.