The Emir of Kano, Muhammadu Sanusi II, in his interview granted to the PBS NewsHour, speaks about how much Nigeria lost under former president Goodluck Jonathan.
The Emir of Kano, who is former Governor of the Central Bank of Nigeria, reveals that the country lost about $1bn (N197bn) monthly under Jonathan’s tenure.
During a programme titled ‘How a cancer of corruption steals Nigerian oil, weapons and lives’, an American daily evening television show, Sanusi also said many shady agreements occurred under the former oil minister Diezani Alison-Madueke, who is being probed in the United Kingdom.
He 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.”
The monarch supposed that during Diezani’s tenure as minister, people paid as low as $50m for admission to crude oil blocs valued at over $2bn.
Emir of Kano, clarifying how some of the shady contracts took place, added: “Basically, all it 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.”
Sanusi added that if the former oil minister was found guilty by a UK court, it would serve as a warning to other corrupt people.
“If she goes to court and is jailed for example, it sends a signal; I think that there is a day of reckoning,” former CBN governor stated.
The US television show cited United States and UK authorities as saying that Diezani might have “personally overseen the stealing of $6bn. The most common method is awarding oil contracts to companies owned by friends.”
It supposed that the second most common method of stealing oil was to make oil vessels disappear mysteriously.
Watch the full interview below: