Jonathan opens up on disagreement with Sanusi – Newstrends
Connect with us

News

Jonathan opens up on disagreement with Sanusi

Published

on

Emir of Kano, Muhammad Sanusi and Former President Goodluck Jonathan

Jonathan opens up on disagreement with Sanusi

Former President Goodluck Jonathan has asserted that no $49.8 billion was missing during his time in office.

This statement responds to claims made by Muhammadu Sanusi, the former governor of the Central Bank of Nigeria (CBN) , who alleged that the sum was unaccounted for in a letter dated September 25, 2013.

Speaking at the launch of the book Public Policy And Agent Interests: Perspectives From The Emerging World, co-authored by Shamsuddeen Usman, Jonathan disagreed with Sanusi’s assertions. Usman served as minister of planning under Jonathan’s administration.

Sanusi had reiterated his allegations in the book, recalling his earlier letter to Jonathan where he expressed concerns about the Nigerian National Petroleum Corporation (NNPC) failing to repatriate significant oil proceeds, specifically citing the $49.8 billion.

During his remarks, Jonathan emphasized that such a large sum could not vanish without immediate consequences.

He clarified that Sanusi was suspended from the CBN, not sacked, due to inquiries about CBN expenditures.

I disagree with some of the issues, especially the one that directly relates to me,” Jonathan said.

“The one that he raised that he was sacked. Because, if you can wish that the federal government lost $49.8 billion… that’s not quite correct.

“He was not sacked. He was suspended because the Financial Reporting Council queried the expenditure of CBN. And there were serious infractions that needed to be looked at. That was the reason.

“But somehow, the time was short. So before we finished, his tenure elapsed. Probably, he would have been called back.

“On the issue of $49.8 billion, until today, I’m not convinced that the federal government lost $49.8 billion.”

READ ALSO:

Jonathan also recounted how he was confronted by Angela Merkel, then German chancellor, on the issue.

He recalled explaining to her that such an amount could not have been stolen from a struggling economy.

He added that he was vindicated much later when the former CBN governor began to revise the sum from $49 billion to $20 billion and then $12 billion.

“Let me tell you a personal experience. The African presidents and the EU presidents, we had a meeting. I think in Belgium or Moscow,” he said.

“And during those meetings, you have bilateral talks, and the chancellor of Germany then, Angela Merkel, requested that we should have a bilateral meeting.

“So, because she requested, we had to go to where she arranged for the meeting. And I went there with some of my ministers. And there were many ministers from other countries as well.

“Even before I sat down, she raised her hand and said, President Jonathan, we are hearing about $49.8 billion missing.

“I said, what is happening? What’s the use of welcoming a guest? Then I smiled and said, Madam Chancellor, of course, the economy of Germany is very strong, so if you are talking about $49.8 billion, just say $50 billion.

“The economy of Germany is strong, so if you lose $50 billion, you would not notice it. But if Nigeria loses $50 billion, the federal government would not be able to pay salaries.”

Jonathan added that PricewaterhouseCoopers (PwC) discovered that no such amount was stolen but that $1.48 billion could not be accounted for by the NNPC.

READ ALSO:

He also said the then senate committee on finance, chaired by Ahmed Makarfi, investigated the issue and found the claim to be untrue.

“We commissioned the PwC, one of the best financial gurus, auditors and so on. I said they should do a forensic audit, but nobody can sit down and say $50 billion, because I have no idea about that one.

“The report they came up with was that there is $1.48 billion that they couldn’t really give a proper account of, and that NNPC should pay that money to the original account.

“They did not say we lost 12 billion or 20 billion or 50 billion. And Makarfi is still alive. Makarfi was the chairman of senate committee on finance, and the minute that publication came out, he said it.

“They directed their finance committee to investigate, and they used external professional auditors to look into it.

“They themselves didn’t see either 50 billion or 20 billion or 30 billion.”

He also said there needs to be clarity so “somebody who is reading the book will not just go with the impression that $50 billion was lost… when President Jonathan did not steal billions of dollars. ”

Reacting, however, Sanusi, who took to the podium hours after Jonathan’s comment, insisted that he was constructively sacked by the then president.

“My boss who sacked me. I was constructively dismissed. I continue to respect Jonathan and I don’t have grudges against anyone,” he said.

 

Jonathan opens up on disagreement with Sanusi

News

[Breaking] Ondo election: Aiyedatiwa defeats Ajayi, wins all 18 LGs

Published

on

Governor Lucky Aiyedatiwa

[Breaking] Ondo election: Aiyedatiwa defeats Ajayi, wins all 18 LGs

Governor Lucky Aiyedatiwa of the All Progressives Congress (APC) has won the Ondo State governorship election.

Aiyedatiwa defeated the People’s Democratic Party (PDP) candidate, Mr Agboola Ajayi, securing the majority of votes across the state’s 18 local government areas.

ONDO STATE GUBERNATORIAL ELECTION RESULTS (UPDATED)

1– Akure North

APC 14, 451

PDP 5, 787

2–Okitipupa

  • APC 26, 811
  • PDP 10, 233

3—Akoko Northeast

APC 25, 657

Continue Reading

News

Ondo election: Again, INEC shifts collation of results to noon

Published

on

Ondo election: Again, INEC shifts collation of results to noon

The Independent National Electoral Commission, INEC, has shifted the collation of results for the Ondo State governorship election from 5am to noon.

The Returning Officer, Prof Olayemi Akinwunmi, had earlier announced that collation of the remaining five council areas will resume by 5 a.m. (Sunday), but later said it commences by noon.

Prof Akinwunmi is the Vice Chancellor of the Federal University of Lokoja.

READ ALSO:

Akinwunmi, who announced the recess, said it is to give room for the arrival of results from the remaining council areas.

He said: “We have five more local governments but we are going to take our recess now until 5am to receive some receive from Akure North, Okitipupa and Odigbo, then Ilaje and Eseodo. We resume 5am for these local governments.”

According to results from 13 of the 18 local government areas announced so far by INEC, Aiyedatiwa has polled 259,851 votes ahead of his closest rival and candidate of the Peoples Democratic Party, PDP, Agboola Ajayi, who scored 81,031 votes.

Ondo election: Again, INEC shifts collation of results to noon

Continue Reading

News

Ondo gov: PDP, APC bought votes, says rights group

Published

on

Ondo gov: PDP, APC bought votes, says rights group

The Centre for Democracy and Development West Africa (CDD-West Africa), through its Election Analysis Centre (CDD-EAC), has said that the main opposition Peoples Democratic Party (PDP) and ruling All Progressives Congress (APC) bought votes from the electorate for as low as N3,000 and N5,000 respectively during the Saturday’s off-cycle governorship election in Ondo State.

Prof. Victor Adetula, Lead, CDD-EAC Observation Mission Ondo 2024; and Dr. Dauda Garuba, Director, CDD-West Africa, said this in CDD’s EAC preliminary statement on the conduct of the 2024 Ondo State governorship election, presented by Ms Oluseyi Awojulugbe, a member of the CDD-EAC.

The report also said that the election recorded lower incidents of disinformation and information manipulation, also referred to as fake new compared to the recently concluded off-cycle September 21 governorship election in Edo State.

“CDD-EAC notes a lot of instances of vote buying. In Okitipupa LGA, Ward 09, Unit 003 (Irowa, Ilutitun 3), voters were solicited for their votes, with APC allegedly offering ₦10,000 per voter and PDP ₦3,000.

“In Odigbo LGA, Ward 01, Unit 001 (Oja Baale, Agbabu), reports of vote-buying were noted, with APC allegedly offering ₦10,000 and PDP ₦5,000 per voter.

“Our observers also noted that some party agents started transferring money to voters to circumvent having to hold cash. In Ese-Odo, Ward 07, Unit 013 (Tari Ama Zion Ugo Community, Arogbo Ward 2), Vote-buying was observed at this polling unit, with PDP offering ₦3,000 and APC offering ₦5,000 to voters.

READ ALSO:

“CDD observers watching the process in Ward 5, PU 001, located at St Johns Primary School, Iba Akoko South East spotted APC leaders writing down the names of those who voted for their candidate.

“Subsequently, a card was given to them and they were instructed to converge at an agreed location where cash would be disbursed to them.

“In Ward 005, PU 001, St Barnabas Primary School, Ifon, CDD-EAC observers saw policemen arguing over money shared by a party stalwart.

“The policemen reportedly frowned that about 10 of them were given N100,000 while only one official from another branch of the armed services allegedly got N15,000,” the report said.

The CDD-EAC said that the vote buying incidents and behaviour of party agents sparked multiple conflicts during the voting process, listing Idanre LGA, Ward 06, PU 004 (Methodist High School), where APC agents were accused of strategically monitoring voters’ choices, a move initially defended by security officials but later curtailed after protests.

The report, however, commended the prompt arrival of electoral officials at polling units (PUs), with 99% of CDD-EAC observers reporting that the INEC officials were at their stations before 8:30am.

Observers also reported cases of rowdiness in the polling environment with some youths disagreeing in some cases about the initiative by poll officials to allow elderly voters to cast their ballots first, leading to the disruption of the process, despite the intervention of the Divisional Police Officer (DPO) at Post Office Premises, Akungba Akoko, Akoko South West.

On disinformation and information manipulation, the report said that the numbers of false narratives, claims and counter claims in the Ondo State governorship election have been relatively low, compared to other recent polls.

It said, “In the campaign period, and on Election Day, 13 claims have so far been reported and fact checked by CDD War Room.

“This is low, compared to the 61 claims reported during the same period in the Edo election, representing a 79% increase between the two elections. While 12 of these claims have been assessed to be either false or misleading, the sole claim peddled on voting day was adjudged to be true.”

Ondo gov: PDP, APC bought votes, says rights group

Continue Reading

Trending