Sanusi made the statement during an appearance on PBS series, “Nigeria: Pain & Promise” where host Nick Schifrin looked at how “a cancer of corruption steals Nigerian oil, weapons and lives”
The former CBN president said in the interview: “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.”
“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.”
“If she goes to court and is jailed for example, it sends a signal; I think that there is a day of reckoning,” he said.
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