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December 8, 2023 Former CBN Governor, Lamido Sanusi Renew Calls For audit OF NNPC, asks President to cede position of Minister of Petroleum

A Former Governor of the Central Bank of Nigeria (CBN), SANUSI LAMIDO SANUSI has again called for a comprehensive audit of the Nigerian National Petroleum Company Limited (NNPCL) in order to reveal the country’s daily oil production, exports, and accrued revenue.

Speaking at The Bank Directors Summit in Abuja, SANUSI, described NNPCL as the most opaque oil company in the world.

SANUSI, who said his insistence on accountability in the oil and gas sector led to his removal from the apex bank, emphasized the need for accountability within the nation’s oil sector.

He was CBN governor from June 2009 to February 2014.

The former Kano emir also stressed that the President should not hold the position of Minister of Petroleum.

The renowned economist also questioned the NNPCL for allegedly failing to remit enough foreign exchange into the government coffers despite the removal of fuel subsidies by the current administration.

 

 

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