Seeking Proper Audit Of NNPC Got Me Sacked As CBN Governor – Sanusi

The New Diplomat
Writer

Ad

U.S. Oil Majors Slash Jobs Despite Trump’s Fossil Fuel Push

ConocoPhillips, Chevron, and other oil majors have announced mass layoffs despite expanding production capacity through multibillion-dollar acquisitions. Falling oil prices and cautious investor sentiment are forcing companies to cut capital spending and reduce workforces, even as Trump pushes pro-oil policies. OPEC+ production hikes and U.S. rig declines point to continued pressure on American producers, who…

Tinubu Concludes Vacation, Set to Return to Nigeria

By Abiola Olawale President Bola Tinubu has announced that he has concluded his 10-day working vacation. This is as the President is set to return to Nigeria, on Tuesday, September 16, 2025, marking the end of his working vacatio in 2025. Recall that The New Diplomat had reported that Tinubu jetted out of Nigeria to…

2025 World Championships: Details as Amusan Clinches Silver in 100m Hurdles

By Abiola Olawale Nigeria’s sprinter and world record holder, Tobi Amusan, has secured a silver medal in the women’s 100m hurdles at the ongoing world championships in Tokyo, Japan, on Monday. The New Diplomat reports that Amusan clocked 12.29sec behind Switzerland’s Ditaji Kambundji who clocked a national record of 12.24sec to win a shock gold.…

Ad

By Louis Achi

Former Governor of the Central Bank of Nigeria (CBN), Khalifa Muhammadu Sanusi II, has called for a proper audit of the Nigerian National Petroleum Company Limited (NNPCL), noting that this call was what cost him his job at the apex bank.

Sanusi made this known while delivering his remarks at The Bank Directors Summit holding at the Congress Hall of the Transcorp Hilton in Abuja.

The 14th Emir of Kano and leader of the Tijjaniyya Order in Nigeria, 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.

He 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.

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.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp