{"id":128931,"date":"2023-12-08T15:31:55","date_gmt":"2023-12-08T15:31:55","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/"},"modified":"2023-12-08T15:31:55","modified_gmt":"2023-12-08T15:31:55","slug":"nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/","title":{"rendered":"&#8216;NNPC Should Be Audited, We Need To Know Where Oil Money Is Going&#8217; \u2014 Sanusi"},"content":{"rendered":"<p><\/p>\n<div>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-465678\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/12\/Emir-of-Kano-Muhammadu-Sanusi-II1.jpg\" alt=\"Kano state Anti-corruption agency withdraws invitation to the wife of Emir Sanusi\" width=\"500\" height=\"300\"  \/><\/p>\n<p>Former emir of Kano State, Muhammadu Sanusi II, has called for the audit of the Nigerian National Petroleum Company (NNPC) Limited.<\/p>\n<p>While speaking during the Bank Directors\u2019 Association of Nigeria conference in Abuja, Sanusi said the country needs to shine the light on NNPC in the areas of revenue generation and oil production<\/p>\n<p>\u201cThe finance minister can not tell you because he doesn\u2019t have a metering system that reports to him.<\/p>\n<p>\u201cThe finance minister can not tell you that today, this is how many barrels of oil that we produce and export here. He can only rely on NNPC telling him. Those barrels are revenue; they belong to finance. We have been talking about this for 10 years. We need a metering system.<\/p>\n<p>\u201cThe finance ministry needs to know how much oil we are producing everyday, selling, and where the money is going,\u201d he said.<\/p>\n<p>Sanusi said if the leakages are not fixed in the system, the dollar revenue issue and the exchange rate problem will not be fixed.<\/p>\n<p>\u201cOil is not going to grow our GDP, I have always said that. If you took out all the oil in Nigeria today and sold it, it would raise our per capital income to maybe $4,000,\u201d he said.<\/p>\n<p><strong>READ ALSO: Hardship: \u201cPray For Change, Escaping To Other Countries Isn\u2019t The Solution, \u201d \u2013 CAN To Nigerian Youths<\/strong><\/p>\n<p>According to Sanusi, oil will \u2018never enrich\u2019 the country but it is a working capital for an import-dependent economy.<\/p>\n<p>He said the country can not afford to continue producing oil and not receive revenue in return.<\/p>\n<p>\u201cWe are no longer paying subsidy, so where are the dollars? Before it was under recovery, now we do not have underestimate. Where is the money?\u201d he queried.<\/p>\n<p>He furthered that petroleum exploration licences given to unworthy players should be revoked for maximum revenue.<\/p>\n<p>According to him, the country would earn more revenue by moving to alternative energy.<\/p>\n<p>Sanusi also posited that Nigeria should have a Petroleum Minister, adding that the President of the country should not occupy the office.<\/p>\n<p>\u201cLet me advise that the idea of the president being petroleum minister. The last president was minister of petroleum for eight years.<\/p>\n<p>\u201cWhen I was governor of CBN, we had a petroleum minister. So when we talk about NNPC, I could attack Diezani, now nobody can talk about petroleum because in 8 years if you talk, you are attacking the President,\u201d he added.<\/p>\n<p>He said a minister who is to be held accountable should be in the office.<\/p>\n<div class=\"code-block code-block-7\" style=\"margin: 8px auto; text-align: center; display: block; clear: both;\">\n<div data-advadstrackid=\"890536\" data-advadstrackbid=\"1\" class=\"infor-target\" id=\"infor-44951617\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/12\/300x250b.gif\" alt=\"\" width=\"300\" height=\"250\"\/><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former emir of Kano State, Muhammadu Sanusi II, has called for the audit of the Nigerian National Petroleum Company (NNPC) Limited. While speaking during the Bank Directors\u2019 Association of Nigeria conference in Abuja, Sanusi said the country needs to shine the light on NNPC in the areas of revenue generation and oil production \u201cThe finance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":128933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-128931","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&#039;NNPC Should Be Audited, We Need To Know Where Oil Money Is Going&#039; \u2014 Sanusi - Ghanamma.com<\/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:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;NNPC Should Be Audited, We Need To Know Where Oil Money Is Going&#039; \u2014 Sanusi - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Former emir of Kano State, Muhammadu Sanusi II, has called for the audit of the Nigerian National Petroleum Company (NNPC) Limited. While speaking during the Bank Directors\u2019 Association of Nigeria conference in Abuja, Sanusi said the country needs to shine the light on NNPC in the areas of revenue generation and oil production \u201cThe finance [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-08T15:31:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Emir-of-Kano-Muhammadu-Sanusi-II.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"240\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/\",\"name\":\"'NNPC Should Be Audited, We Need To Know Where Oil Money Is Going' \u2014 Sanusi - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Emir-of-Kano-Muhammadu-Sanusi-II.jpg\",\"datePublished\":\"2023-12-08T15:31:55+00:00\",\"dateModified\":\"2023-12-08T15:31:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Emir-of-Kano-Muhammadu-Sanusi-II.jpg\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Emir-of-Kano-Muhammadu-Sanusi-II.jpg\",\"width\":400,\"height\":240},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"&#8216;NNPC Should Be Audited, We Need To Know Where Oil Money Is Going&#8217; \u2014 Sanusi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\/\/www.ghanamma.com\/2023\"],\"url\":\"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"'NNPC Should Be Audited, We Need To Know Where Oil Money Is Going' \u2014 Sanusi - Ghanamma.com","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:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/","og_locale":"en_US","og_type":"article","og_title":"'NNPC Should Be Audited, We Need To Know Where Oil Money Is Going' \u2014 Sanusi - Ghanamma.com","og_description":"Former emir of Kano State, Muhammadu Sanusi II, has called for the audit of the Nigerian National Petroleum Company (NNPC) Limited. While speaking during the Bank Directors\u2019 Association of Nigeria conference in Abuja, Sanusi said the country needs to shine the light on NNPC in the areas of revenue generation and oil production \u201cThe finance [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/","og_site_name":"Ghanamma.com","article_published_time":"2023-12-08T15:31:55+00:00","og_image":[{"width":400,"height":240,"url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Emir-of-Kano-Muhammadu-Sanusi-II.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/","url":"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/","name":"'NNPC Should Be Audited, We Need To Know Where Oil Money Is Going' \u2014 Sanusi - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2023\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Emir-of-Kano-Muhammadu-Sanusi-II.jpg","datePublished":"2023-12-08T15:31:55+00:00","dateModified":"2023-12-08T15:31:55+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Emir-of-Kano-Muhammadu-Sanusi-II.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/12\/Emir-of-Kano-Muhammadu-Sanusi-II.jpg","width":400,"height":240},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2023\/12\/08\/nnpc-should-be-audited-we-need-to-know-where-oil-money-is-going-sanusi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2023\/"},{"@type":"ListItem","position":2,"name":"&#8216;NNPC Should Be Audited, We Need To Know Where Oil Money Is Going&#8217; \u2014 Sanusi"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2023\/#website","url":"https:\/\/www.ghanamma.com\/2023\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2023"],"url":"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/128931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/comments?post=128931"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/128931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media\/128933"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media?parent=128931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/categories?post=128931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/tags?post=128931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}