Arguments as CBN confronts
NNPC over missing $49.8 News By Soni Daniel, Regional Editor,
North and Chris Ochai
Attempt by the Federal
Government to douse the
tension generated by the claim
by the Central Bank Governor, Sanusi Lamido Sanusi, that the
sum of $49.8 billion had not
been remitted by the Nigerian
National Petroleum
Corporation to the Federal
purse ended in deadlock last night. The meeting, which was
summoned on the orders of the
Presidency following a strong
letter by Sanusi to President
Goodluck Jonathan to probe the
missing sum, started at about midday and did not end until
about 8pm. It was presided over by the
Permanent Secretary of the
Ministry of Petroleum
Resources, Mr. Dandali Kifasi
and attended by officials from
the Central Bank of Nigeria, Ministries of Finance and
Petroleum, Federal Inland
Revenue Service and the NNPC
and some presidential aides. Vanguard learnt that the
meeting was characterised by
heated arguments between
officials of the CBN on one
hand and those of the NNPC
and its subsidiaries, who are involved in oil production and
sales for Nigeria. CBN, it was learnt, had
presented data, which it
claimed emanated from the
NNPC subsidiary and insisted
that the missing amount had
not been remitted to the Federation Account, a claim
that infuriated NNPC officials
present. A source at the meeting hinted
that the arguments were so
fierce that the Permanent
Secretary of the Petroleum
Ministry, who presided, had to
storm out of the venue in anger but was later persuaded to
return. In a deft move to calm down
frayed nerves, the meeting
went on break for about an
hour and reconvened later in
the day but the contentious
issue of the actual amount remitted by the NNPC to the
Federation Account since the
beginning of the year, could
not be agreed upon between
its officials and those of CBN. Unable to resolve their
differences over what has been
generated and remitted, the
meeting was called off at
about 8p and a decision taken
to reconvene today with a view to finding out where the
missing link in the lingering
faceoff must have occurred. The NNPC insists that the
amount claimed by the CBN is
not missing; adding that the
economy would have collapsed
if the said amount was
withheld or withdrawn from the system. NNPC’s Executive Director in
charge of Exploration and
Production, Eng. Abiye
Membere, who addressed the
media on Saturday on the
issue, insisted that the corporation had paid in full to
the CBN the proceeds from oil
within the period under
review.
www.vanguardngr.com

NNPC is the most corrupt institute in Nigeria, all those mgrs are in it. They will corner billions and make it look vague and later everybody will blame the president and FG. The minister may not even know.

Where are those people who said Sanusi has withdrawn his claim? Lol.. The Sanusi I know can never raise an accusation as enormous as this if something fishy isn't going on somewhere.. He's just about the most honest Nigerian in public office now.

So, NNPC couldn't convince the CBN officials and other people present that $50billion wasn't missing? Dis one no be small matter ooo!

At the end of everything, the will all arrive to a "wuru-wuru" conclusion and tell Nigerians it was all a misunderstanding (they think all Nigerians are foolish). Atleast, Sanusi, The whistle blower, has made his point, its left for Nigerians to shine their eyes.

We do not need information from unknown "sources". NNPC has moved from one media house to the other speaking openly and clarifying the payment it made within the period. The CBN governor, who originated this controversy, should also come out openly to defend the CBN position.

Sincere 9gerian: We do not need information from unknown "sources". NNPC has moved from one media house to the other speaking openly and clarifying the payment it made within the period. The CBN governor, who originated this controversy, should also come out openly to defend the CBN position.

sometimes i wonder what you realy represent

kokoA: Where are those people who said Sanusi has withdrawn his claim? Lol.. The Sanusi I know can never raise an accusation as enormous as this if something fishy isn't going on somewhere.. He's just about the most honest Nigerian in public office now.

In addtion to the above, Sanusi is also fearless. He must have studied the trend of the inflows and probably compare it with inflows in the past before blowing the trumpet. We need more people like him in government.

You see,the problem with Gej is that his body language seems lukewarm to really tackle this hydra-headed monster called corruption.Here is my reason,The fact that he hasn't be fierce by at least making one person a scape goat in his government which is indirectly giving fillip to some of this Government staffs to keep stealing with unfettered impunity, this might deter some people from stealin may be or may be not-
Everyday we keep hearing sh!t as this without any concrete action taken-It's high time he bestir some form of harsh action to convince me he is Not what Nigerians have been calling him

Sincere 9gerian: We do not need information from unknown "sources". NNPC has moved from one media house to the other speaking openly and clarifying the payment it made within the period. The CBN governor, who originated this controversy, should also come out openly to defend the CBN position.

I do not know why you choose to support NNPC against CBN...both are under the employment of FG supervised by Jonathan. Why not wait for the full details before pitching tent! Remember we are talking about $50Billion

desgiezd:

In addtion to the above, Sanusi is also fearless. He must have studied the trend of the inflows and probably compare it with inflows in the past before blowing the trumpet. We need more people like him in government.

I fell in love with him (no homo ) the day he sat in front of a senate committee and one old senator asked him in form of a threat if he still loved his job, he told them point-blank "My name is Sanusi Lamido Sanusi. My name is not CBN governor. If you want me to resign, I will resign".

banki:

sometimes i wonder what you realy represent

He represents everything bad, evil, immoral and corrupt about Nigeria.

This is why I "hate" these guys that call themselves progressive. Don't say it, let people see it. We see what is clear based on "economic arithmetic" and still play politics with it. Can $49 billion be missing in 1 year and only CBN notices? Can the CBN tell us how much of these proceeds got remitted in 2011. I have listened to a lot of commentators and on the face of it appears Sanusi GOOFED.


Sanusi I know very well is very proud, rash and always looks out for what is sensational. This opens him up to a lot of mistakes as the drive to go public overshadows the need for the necessary due diligence expected of someone of his calibre.

If this shout by sanusi is clearly proven to be a false claim then he will have a lot of questions to answer ranging from technical competence to manage the nations apex bank to the REAL motive behind this shout of missing funds. e no go sweet for sanusi especially now that GEJ is seeing "enemies" everywhere

peleson: NNPC is the most corrupt institute in Nigeria, all those mgrs are in it. They will corner billions and make it look vague and later everybody will blame the president and FG. The minister may not even know.

LAME EXCUSE.

IF YOU DO NOT PURNISH THE ONE YOU CAUGHT, YOU ARE DIRECTLY TELLING THEM THEY ARE WELLCOMED.
GOODLUCK'S STANCE ON CORRUPTION SHOWS HE IS AN ACCOMPLICE.

I VOTED HIM IN 2011, BUT IT PAINED MY HEART THAT MY VOTED PAL KEPT REPEATING THIS TRASH
"CORRUPTION IS NOT OUR NO. 1 PROBLEM"

I LEFT MY HOPE OF HIM BEING A BETTER PRESIDENT.
IF HE CAN NOT EVEN IDENTIFY THE PROBLEM, HOW WILL HE SOLVE THEM?
HE PROMISED HEAVEN AND EARTH FOR SUBSIDY TO BE REMOVED, IS SURE-P SURE?

GOODLUCK, SURROUNDED HIMSELF WITH HIS GREATEST ENEMIES.
AND HE KEPT DANCING TO THE TUNE OF A DROWNING GHOST.

SMH.

Sincere 9gerian: We do not need information from unknown "sources". NNPC has moved from one media house to the other speaking openly and clarifying the payment it made within the period. The CBN governor, who originated this controversy, should also come out openly to defend the CBN position.

Mo'Ron.. You and who?? Speak for yourself!!

We know Jonathan is synonymous with Corruption.. And you see everyone against Corruption as Anti-Jonathan.

soon they will say deputy govs in CBN are not in support of the letter, Truly Jona runs a kindergarten presidency!

vedaxcool: soon they will say deputy govs in CBN are not in support of the letter, Truly Jona runs a kindergarten presidency!

I have worked with SLS before and I can tell you that can be painfully true.

^^^

Really? in what capacity? was back then in First Bank, any case do you mean they are against him?

^^^^^^

Yes in First Bank. I left before he became MD. When I say "worked with" I mean at project level where he was the project sponsor. I will not talk more on this. but Sanusi is very very rash.

Sincere 9gerian: We do not need information from unknown "sources". NNPC has moved from one media house to the other speaking openly and clarifying the payment it made within the period. The CBN governor, who originated this controversy, should also come out openly to defend the CBN position.

I stand here to say if insincere 9gerian is not benefiting from PDP or the presidency then he has family members who are, or he might be one of the ijaw tout Obj spoke about that help in making nigeria sound like a one village community or even worse he might be the 3 of them I just mentioned.

Nigerians need the meeting televised.

Sincere 9gerian: We do not need information from unknown "sources". NNPC has moved from one media house to the other speaking openly and clarifying the payment it made within the period. The CBN governor, who originated this controversy, should also come out openly to defend the CBN position.

Who is 'we' in this your post? I hope you dont mean 'we nigerians'?

This guy must be Abati or Okupe

banki:

sometimes i wonder what you realy represent

His stomach?