BARAWO! Suspended CBN Governor List of Financial Recklessness

It has been alleged that under the erstwhile Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi  the CBN recklessly mismanaged the Agency by;

1. Spent N3.086 Billion on Adverts and Promotions 
2. In 2012, (he bought Central Bank of the Year Awards).
3. He expended N20.202 billion on ‘Legal and Professional Fees’ in 2011. 
4. Lunch for Policemen and Private Guards gulped N1.257 billion in 2012 (So Police in CBN too eat N1Billion food, did they eat a Boeing 747 Plane?) 
5. CBN claimed to have spent N2bn on chartered planes, paid Emirate Airline (that does not operate local flight) N511 Million, Wing Airline (that is not registered anywhere in Nigeria) N425 Million and Associated Airline N1.025bn to distribute currency by ir nationwide, yet Associated Airline does not have a billion turnover in 2011 
6. “Currency Issue Expenses”; N1.158bn, 
7. Sundry Currency Charges; N1.678bn, (whatever that means)
8. Facility Management N7.034bn in 2012 (what facility is CBN managing)
9. Training and Travel Expenses; N9.24bn in 2012 and N7.65bn in 2011
10. Expense on Newspapers, Books and Periodicals (Excluding CBN’s Publications) is N1.678 billion in 2012.
11. CBN claimed to have paid N38.233 billion to the Nigerian Security, Printing and Minting Company Limited in 2011, but NSPMC reported total revenue of N29.37 billion for all its transactions with all clients including the CBN.

If the above allegations are true, then the Kano Emirate Council, which has gone on the offensive, accusing President Goodluck Jonathan of Witch-hunt should go bury their heads in shame. Nigerian Northerners do not like their kit and keen exposed for corruption but dance "kokoma" when a Southerner is jailed for similar offense. 

Corruption is endemic in Nigeria and it is we, the people who can emancipate ourselves from it. Nigerians now see every opportunity in government as a means of getting rich. Yet the BBC is believed to be in the fore-front in labeling this alleged crook as someone with financial integrity.

We are watching.

Copyright: All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Naija Chit-Chat

Contact: naijachitchat@gmail.com