{"id":22931,"date":"2014-02-17T22:25:38","date_gmt":"2014-02-17T21:25:38","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=22931"},"modified":"2014-02-17T22:25:38","modified_gmt":"2014-02-17T21:25:38","slug":"figure-joggling-what-is-wrong-with-sanusi","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/","title":{"rendered":"Figure joggling: What is wrong with Sanusi?"},"content":{"rendered":"

By Mustapha Abdullahi<\/strong><\/em>
\nAt the risk of being labelled an alarmist, it is surprising that none of our top government officials has thought it necessary to suggest that the Central Bank governor be asked to go for some kind of evaluation over his recent tendencies to want to cause maximum damage to the economy now that he is leaving office.
\nIt is either he is afraid that as soon as he steps aside, a lot will come to the fore to rubbish him; or he is employing the el Rufai\/Fani-kayode strategy of appearing to be an activist so that any attempt to pick on him later would look like he is being targeted for his role as a critic of government.
\nWhat his petulant garrulity has shown thus far is that he is being fed false information to either make him look bad, or he is being clever by half using incomplete information to achieve a pre-determined purpose.\u00c2 To think that a man like him, who perhaps does not think fully before making claims, wants to be the Emir of our Kano is so scary that it is not out of place to suggest he be asked to go to the House of Representatives where careless renditions are fashionable.
\nSince he has decided to be less than royal with the way he talks, he should not be allowed anywhere near the royal throne, but remain instead within the realm of politics where he appears well cut out for. In fact, Rabiu Kwankwaso should be persuaded to create the enabling environment for the 37th governor of the Nigerian state.
\nThis writer does not believe that that the Nigerian National Petroleum Corporation (NNPC) is as innocent as they sweat to make the rest of us believe of their handling of the country\u00e2\u20ac\u2122s oil resources, because no corporation handling oil resources anywhere in the world can ever be innocent; but it is not in the place of the Central Bank chief of any country to mount the soapbox to do what our own is doing with impunity because the Senate, which he has had cause to rubbish in the past, and will still rubbish when he leaves office in a short while, is protecting him from getting the boot.
\nThough it is his lifetime dream to be Emir, but it shall not come to pass, Insha Allah. \u00c2 The throne requires a measure of decorum that comes from a comprehensive knowledge of the requirements of Allah, and this one does not fit the bill, so he should remain with his fellow power mongers on the political turf.\u00c2 Maybe, a look at his recent controversy with the NNPC will show that this man cannot be trusted with power either at the senatorial or governorship level.
\nFirst he said $49.8 billion was
\nmissing because of NNPC\u00e2\u20ac\u2122s mismanagement of oil money. But confronted with superior information, with his restless tail in-between his legs, he agreed it was actually $10.8 billion. \u00c2 He did this looking like a recalcitrant child with two mothers of the house peering down at him. \u00c2 Women did that to an Emir to be!
\nApparently trying to fight back for
\nthe humiliating disgrace, he showed up at the Senate to throw a higher figure of a missing $20 billion, while his pitiable deputy governors, directors and other senior staff members looked on as the same two mothers (Okonjo-Iweala and Allison-Madueke), joined this time by the NNPC boss, Andrew Yakubu, and others continue to work at making a mess of whatever reputation he had left.
\nIt got to a point that the Chairman of
\nthe Senate Committee on Finance, Senator Ahmed Makarfi, stopped short of shutting the bank boss up for overstepping his bounds.\u00c2 The CBN boss
\nsaid: \u00e2\u20ac\u0153PPRA says it is okay with
\nthe claims on kerosene. \u00c2 It is the agency that is legitimately authorised to certify claims on kerosene subsidy and it is saying that kerosene subsidy is okay, it is legal and it is allowed.\u00c2 That is the agency that has the responsibility but I do have a letter from PPRA in 2010 telling me that they do not pay kerosene subsidy based on presidential directives.\u00e2\u20ac\u009d Senator Makarfi, however, told the CBN to restrict itself to what it was legally empowered to do.\u00c2 He said, \u00e2\u20ac\u0153Forget about whether subsidy is budgeted for or not, that is for us, as the legislature to actually address.\u00c2 What we are talking about, as you have said before that the legal authority that drives subsidy is PPPRA, they have now brought us a certification of $8.9 billion; if that is their position, irrespective of the opinion expressed by the Ministry of Finance, do you, as CBN governor, accept such?\u00e2\u20ac\u009d It is not necessary to go into other details, but it appears obvious that if this man is not called to order, what happened decades ago to one of his forebears is about to repeat itself in this generation, and it behoves every Kano person of repute to stop it by calling our son back to his senses.
\nIt is true that a forensic audit is to
\nbe commissioned either by the Finance Ministry or the Senate, and it is clear that NNPC will not escape unscathed, but the Kano prince must be saved, because going by what Okonjo-Iweala said towards the end of the Senate imbroglio, our man may end up being dragged in the mud.
\nAccording to Okonjo-Iweala, \u00e2\u20ac\u0153Let me
\njust make a few points, based on what is raised. \u00c2 First of all, I was not in office in 2009, neither was I the minister who felt that action should be stayed at that time. I simply gave you what I thought would be the reason, based on what has happened since then. But I would hasten to add that when a presidential order is given, either to remove subsidy or to impose it, it is not law until it is in the gazette. \u00c2 There is no gazette to that effect. At least, we have not found one,\u00e2\u20ac\u009d she added.
\nShe said further while reacting to a
\ncomment by a Senator \u00e2\u20ac\u0153On the statement by a member of the committee that the finances of the country are in a mess, I will like the distinguished senator to make a difference. The finances of the country that come into the budget have been managed very transparently to the point that the budget of the country is so detailed that people can tell how much is spent in the State House to buy forks and knives.\u00c2 Even\u00c2 if they don\u00e2\u20ac\u2122t like it, they have the information and we should be proud of that as a country. There is no country, from my experience of over 60 countries, that have the details released by the budget office of this country.
\n\u00e2\u20ac\u0153On the oil finances, what is being
\nsaid here is made to look as if there is no accountability and that is not the case. \u00c2 For two steady years, at the FAAC meeting, the Ministry of Finance ensured that the accounts of the country are transparently laid and every commissioner knows the details, they have their folders.\u00c2 It is as a result of the reconciliation that we arrived at $10.8 billion that everybody is now talking about. \u00c2 When CBN spoke about $49.8 billion,\u00c2 we were the first to say it\u00e2\u20ac\u2122s not correct. After that, it was proven that $49.8 billion was not the right amount. \u00c2 The CBN had the courage to admit that it was actually $10.8 billion.
\n\u00e2\u20ac\u0153It was the process employed by the
\nMinistry of Finance that brought about that. \u00c2 Without the steady work we have done to perfect the finances of this country,\u00c2 we won\u00e2\u20ac\u2122t be talking about $10.8 billion.\u00c2 The issue is that: where is that money? \u00c2 How is it being accounted for? We have led the process. \u00c2 We asked both the NNPC and the PPPRA to produce their documents and they had produced certified copies for the $10.8 billion and we have asked for an independent audit. A lot of accusations are being made in this country and the only way to be satisfied is to have an independent audit.\u00e2\u20ac\u009d<\/p>\n

What Okonjo-Iweala did not say is
\nthis: \u00e2\u20ac\u0153Our CBN Governor is busy running his mouth and giving everybody a bad name the way a man of his office and standing should not do, and it is about time people like him and the careless talking Senator (from Kwara) making that remark should be exposed for their less than ethical remarks on public funds management in the public domain. \u00c2 We know he (Sanusi) wants to prove that the letter he wrote to the President is right, but he is not completely right, quoting bogus figures. \u00c2 Someone should be bold enough to tell him to shut up.\u00e2\u20ac\u009d
\n* Abdullahi sent this piece from Abuja.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mustapha Abdullahi At the risk of being labelled an alarmist, it is surprising that none of our top government officials has thought it necessary to suggest that the Central…<\/p>\n","protected":false},"author":1,"featured_media":20990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-22931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles-opinions"],"yoast_head":"\nFigure joggling: What is wrong with Sanusi? - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Figure joggling: What is wrong with Sanusi? - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"By Mustapha Abdullahi At the risk of being labelled an alarmist, it is surprising that none of our top government officials has thought it necessary to suggest that the Central…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2014-02-17T21:25:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2013\/12\/sanusi.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"Figure joggling: What is wrong with Sanusi?\",\"datePublished\":\"2014-02-17T21:25:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/\"},\"wordCount\":1467,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2013\/12\/sanusi.jpg\",\"articleSection\":[\"Articles & Opinions\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/\",\"name\":\"Figure joggling: What is wrong with Sanusi? - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2013\/12\/sanusi.jpg\",\"datePublished\":\"2014-02-17T21:25:38+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2013\/12\/sanusi.jpg\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2013\/12\/sanusi.jpg\",\"width\":750,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Figure joggling: What is wrong with Sanusi?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Figure joggling: What is wrong with Sanusi? - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/","og_locale":"en_US","og_type":"article","og_title":"Figure joggling: What is wrong with Sanusi? - Pointblank News","og_description":"By Mustapha Abdullahi At the risk of being labelled an alarmist, it is surprising that none of our top government officials has thought it necessary to suggest that the Central…","og_url":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/","og_site_name":"Pointblank News","article_published_time":"2014-02-17T21:25:38+00:00","og_image":[{"width":750,"height":400,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2013\/12\/sanusi.jpg","type":"image\/jpeg"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"Figure joggling: What is wrong with Sanusi?","datePublished":"2014-02-17T21:25:38+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/"},"wordCount":1467,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2013\/12\/sanusi.jpg","articleSection":["Articles & Opinions"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/","url":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/","name":"Figure joggling: What is wrong with Sanusi? - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2013\/12\/sanusi.jpg","datePublished":"2014-02-17T21:25:38+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2013\/12\/sanusi.jpg","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2013\/12\/sanusi.jpg","width":750,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/articles-opinions\/figure-joggling-what-is-wrong-with-sanusi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"Figure joggling: What is wrong with Sanusi?"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/22931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=22931"}],"version-history":[{"count":0,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/22931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/20990"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=22931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=22931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=22931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}