Just In: Sanusi Calls for NNPC Audit, Asserts President Shouldn’t Serve as Petroleum Minister

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Sanusi Lamido Sanusi, the former Governor of the Central Bank of Nigeria (CBN), has advocated for a thorough audit of the Nigerian National Petroleum Company Limited (NNPCL), emphasizing that this stance was a contributing factor to his dismissal from the apex bank. 

Sanusi conveyed this message during his address at The Bank Directors Summit held at the Transcorp Hilton in Abuja. 

He underscored the importance of separating the roles of the President and the Minister of Petroleum. 

Sanusi also asserted the necessity for Asset Management Corporation of Nigeria (AMCON) and the Nigeria Deposit Insurance Corporation (NDIC) to persist until banks collectively settle their debts to the system. 

Additionally, he emphasized the banking sector’s need to rebuild public trust and maintained that amending the CBN Act isn’t required to ensure the apex bank remains free from political influences.

In August, President Bola Tinubu bifurcated the Ministry of Petroleum Resources, reserving the substantive Minister of Petroleum Resources position for himself, following a tradition established by his predecessor, ex-President Muhammadu Buhari.

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