Sanusi seeks proper audit of NNPC Ltd., kicks against President as Petroleum Minister

Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has called for a proper audit of the Nigerian National Petroleum Company Limited (NNPC Ltd) as he claimed it is not right for a President to double as Minister of Petroleum.

In August, about three months after his inauguration, President Bola Tinubu split the Ministry of Petroleum Resources with the appointment of Ekperipe Ekpo as Minister of State, Gas Resources, and Heineken Lokpobiri as Minister of State, Petroleum Resources.

However, Tinubu, in an apparent tradition of his predecessor, ex-President Muhammadu Buhari, kept the position of substantive Minister of Petroleum Resources to himself.

Sanusi made this known while delivering his remarks at The Bank Directors Summit held at the Congress Hall of the Transcorp Hilton in Abuja. Sanusi, who was CBN governor from June 2009 to February 2014, insisted that the President should not be the Minister of Petroleum.

For the ex-CBN chief, the Asset Management Corporation of Nigeria (AMCON) and the Nigeria Deposit Insurance Corporation (NDIC) must remain until banks get together and pay up what they owe the system.

“The Asset Management Corporation of Nigeria (AMCON) and the Nigeria Deposit Insurance Corporation (NDIC) must remain until banks get together and pay up what they owe the system,” Sanusi said.

Sanusi also maintained that the banking sector must shore up its trust deficit in the eyes of the public and that there is no need to amend the CBN Act to keep the apex bank free of political influences.

Sanusi also pointed out that there would be no need whatsoever to amend the CBN Act in a bid to keep the apex bank free of political influences.