There was nothing new in all Sanusi new allegation from the reconciliation we had late last y ear.
we are surprised that… Sanusi have no clue some basic engineering issues. – Mr Y akubu, NNPC GMD.
We are concerned by the dynamics of the moving numbers as the Central Governor’s figures keep
changing.
Sanusi’s claim that kerosene subsidy , we appropriates subsidy for the product every y ear, So NNPC
was right. – Sen Ahmed Maikarfi.
The Senate Committee on Finance at the National Assembly , those present left the venue confused after
CBN Governor Mallam Sanusi Lamido said the unremitted amount by NNPC now stood at $20 billion.
The audience looked confused as Sanusi reeled out the new figure, more so after he had submitted to the
committee late last y ear that of the $49.8 billion said to have been unremitted to the Federation
Account by NNPC was cleared to $10.8b. The $10.8b has been tracked to used by NNPC for Kerosene
Subsidies since 2009, Cost of operations for the Corporation and their subsidiaries.
In his response, the committee chairman, Ahmed Maikarfi, dismissed Sanusi’s submission, say ing there
was nothing new in all he said. He also remarked that despite his claim that kerosene subsidy had
stopped since 2009, the National Assembly appropriates subsidy for the product every y ear. He also
asked Sanusi to wait for the ongoing reconciliation to be concluded before going any further, stating,
“The bottom line is that the federation should not lose a cent,