Sanusi: APC accuses Presidency of trying to cover up missing $20 billion

The opposition All Progressives Congress APC has accused the presidency of trying to cover up the alleged 20 billion dollars missing kerosene subsidy funds which was recently revealed by former Central Bank of Nigeria (CBN) governor, Mallam Sanusi Lamido Sanusi.

Interim National Publicity Secretary of the party,  Alhaji Lai Mohammed, Sunday  in a statement in Lagos, said the way the presidency has been campaigning to malign Sanusi using the report of the obscure Financial Reporting Council of Nigeria, shows that it is working hard to sweep the issue of the missing funds under the carpet and punish Sanusi for daring to expose the fraud.

“It is clear that the main reason the presidency moved against Sanusi is because he blew the lid on the 20 billion dollars funds which the NNPC allegedly failed to remit to the Federation Account. Fortunately, discerning Nigerians are not hoodwinked by the Presidency’s choreographed mudslinging against a whistle blower, and the sponsored campaign that amounts to shooting the messenger just because his message is not palatable” the statement read in part.

The party said the questions that are begging for answers include: What happened to the missing 20 billion dollars? If indeed a part of the funds has been used for kerosene subsidy, who authorized the spending of money that was not appropriated, in violation of the nation’s constitution? Who reinstated the subsidy that had been removed by a presidential directive? If $8.76 billion of the missing money was used for kerosene subsidy, who and who are the beneficiaries, since it is clear that Nigerians are not enjoying any subsidy on kerosene for which they are shelling out at least 150 Naira per litre?

The party  re-stated its earlier stand that Sanusi’s suspension is unlawful and that “it is another dangerous turn in the Jonathan administration’s journey of impunity, lawlessness and double standard.”