• Nigeria Didn’t Lose $49.8bn Under My Watch — Jonathan – Independent Newspaper Nigeria

    Nigeria didnt lose 8bn under my watch jonathan independent newspaper nigeria - nigeria newspapers online
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    Says He Didn’t Sack Sanusi As CBN governor

     Former President Goodluck Jona­than has said that Nigeria did not lose $49.8 billion under his admin­istration as stated by the 16th Emir of Kano, Muhammadu Sanusi II, in his new book.

    Jonathan spoke Thursday in Abuja at the launch of the book titled, ‘Public Policy and Agent Interests: Perspectives from the Emerging World’, co-authored by Shamsuddeen Usman, Ministry of Finance incorporated (MOFI) board chair.

    According to the former presi­dent, the country cannot lose such an amount and still be able to pay salaries.

    “I need to say why I did not quite agree with him. All that he wrote was on some of the issues, especial­ly the one that is related to me.

    “He said he was sacked because he blew the whistle that the Federal Government lost $49.8 billion. It’s not quite correct. It was not that he was sacked. He was suspended,” he said.

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    Jonathan said the Financial Reporting Council of CBN couldn’t investigate the allegations due to limited time.

    “Before we could finish, his tenure was already over. Probably we would have called him back,” he said.

    “Till today, I’m not convinced that the Federal Government lost $49.8 billion.

    “After they came up with more figures; first $49.8 billion, later 20 billion, later 12 billion. So, I don’t even know the correct one,” he said.

    He, however, said after foren­sic audits, nobody was able to say $50 billion was missing, adding, “The report they came up with was that there is $1.48 billion that they couldn’t really give a proper account and that NNPC should pay that money to the federation account.”

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