MISSING FUND: Fmr CBN Governor Insists 18.5bn Still Missing

Several Nigerians took to Twitter to praise the Emir of Kano, Emir Sanusi for his courage to speak up on the alleged missing $20 billion oil money.

Emir Sanusi

The former Central Bank Governor who was the one that brought the issue of the missing $20bn  into limelight has reacted to the controversial audit report by PricewaterhouseCoopers on the alleged missing money.

The Emir in an article titled  “Unanswered questions on Nigeria’s missing oil revenue billions”, published by the Financial Times of London, insisted that the PwC Audit Report confirmed that about $18.5billion of the NNPC’s earnings was not remitted to the treasury, contrary to what the Petroleum Minister Mrs. Diezani Alison-Madueke claimed.

He argued that the outstanding amount used by the NNPC for apparently unlawful purposes such as kerosene subsidy, does not dismiss the notion that the NNPC illegally withheld billions of oil dollars from the government.

On hearing of the Emirs insistence that the oil money was still missing, several Nigeriansto to twitter to praise him for his courage.

Here are some of the tweets below”

In February 2014, President Jonathan suspended Sanusi after his accusations of missing oil revenue sparked a public outcry and criticism against the government.