The Emir of Kano, Muhammadu Sanusi (II), says the subsidy regime in the Nigerian National Petroleum Corporation has compromised the corporation to the extent that only an angel may be able to run the corporation honestly. Sanusi said this during an interview with our correspondent in commemoration of his 4th year on the throne. Sanusi was suspended as the Governor of the Central Bank of Nigeria by the then President Goodluck Jonathan in 2014 after accusing the NNPC of failing to remit $20bn into the government’s coffers despite high oil prices. He had also complained about the lack of transparency at the nation’s top oil firm occasioned by the dubious payment of petroleum subsidy. Read more
Only an angel can run NNPC honestly, says Sanusi (Punch)
