To avoid passing on a key issue of the audit-proved theft of ₦38.23 billion at the Central Bank of Nigeria – uncovered by the Financial Reporting Council (F.R.C) - longish editorials were gaily written by broad sheet journalists in Nigeria as off-ramp....The writers, for the most part, obliquely avoided this theft issue by conflating it with a totally un-related matter of suspected but yet un-investigated and un-proved scam at the national oil company (NNPC). But when stripped of its pretentious fighting words - signifying nothing – those editorials are but devious escape routes journalists fled through in pretext.
The actual facts, as follows, however remain cast in stone. The F.R.C had firstly confronted the Governor of Central Bank at the time (Sanusi Lamido Sanusi) on this ₦38.23 billion missing in CBN accounts. Sanusi Lamido reflexively chose to weasel out of it in writing to the auditors.
Sanusi Lamido admitted a shortfall of ₦38.23 billion but said he gave the money to MINT; a subsidiary company owned substantially by the Central Bank of Nigeria - but having two other minority shareholders, one based in France. The F.R.C audit surveyors smelled rat and followed the scent. They took the initiative and checked on Sanusi Lamido’s alibi. Eureka, they discovered from MINT’s books of accounts that Sanusi Lamido lied.
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