Sanusi Lamido Exposes Corruptions In Government.

SANUSI LAMIDO SANUSI speech at KADINVEST ON 16- Saturday-10 –2022

APC presidential candidate was present at the event

SANUSI LAMIDO SANUSI is a former CBN Governor, the 14th Emir of Kano and the Vice Chairman of Kaduna Investment Agency. It was an event to promote Kaduna State, organised by the Kaduna investment agency.

However, SANUSI LAMIDO SANUSI took the Federal Government of Nigeria to the cleaners (see the slides as well).

23/24 mins : SANUSI LAMIDO SANUSI speaks about CBN illegally printing money, with no corresponding dollar reserves. He likens this to Idi Amin’s Uganda, Mugabe’s Zimbabwe and Chavez’s Venezuela. He concludes that the fiscal and monetary policies that the FGN has pursued these last 7 years, have FAILED.

25 mins : SANUSI LAMIDO SANUSI says that there is no country in the world where the bureau of statistics keeps announcing an increase of inflation and NOTHING happens. He talks of how rice went from N8,000 to N32,000 a bag.

27 mins : SANUSI LAMIDO SANUSI displays a slide of the shocking disparity of the CBN official rate and the parallel government. Official rate 400 Naira to the dollar and parallel rate 700. Difference 300 Naira.

27.50 mins : SANUSI LAMIDO SANUSI points out ongoing round tripping. If CBN gives you $1 million at 400 Naira, you round trip and sell for 700 Naira, making N300 million profit, round tripping, for doing nothing.

28 mins : SANUSI LAMIDO SANUSI states that there is no country in the world where you have this kind of rent seeking.

SANUSI LAMIDO SANUSI says our problem are of our own making where a small number of rent seekers become billionaires just from FX arbiratage and oil subsidies.

29.27 mins : SANUSI LAMIDO SANUSI says, “to my friend Asiwaju, IF YOU WILL WIN, I will continue saying this, about the subsidy fraud and you will have to continue fighting with me”.

30.10 mins : SANUSI LAMIDO SANUSI produces slides where he makes it clear that it is unbelievable that NPPC claims that we consume 66 million liters of petrol daily.

SANUSI LAMIDO SANUSI shows 2019 – NNPC claims we consumed 40 million liters daily.

2022, SANUSI LAMIDO SANUSI shows that NNPC claims that we consumed 66 million liters daily.

SANUSI LAMIDO SANUSI shows all that this does not make any sense at all. He shows that you need 2,000 tankers of 33,000 liters to be moving daily, to distribute 66 million liters a day.

SANUSI LAMIDO SANUSI also remembers that in 2015, the Minister of State Petroleum, Emmanuel Kachikwu, gave the correct figure of 29 million liters a day. He says you can decide for yourself what magically happens (difference between 29 million liters a day and 66 million liters a day).

36 mins : SANUSI LAMIDO SANUSI compares Nigeria to Pakistan. Nearly same population, yet Nigeria claims to consume 3 times more fuel than Pakistan. How???

37.11 mins : SANUSI LAMIDO SANUSI shows how states that are border states in Nigeria claim to consume more petrol and how this is smuggled to other countries.

38.11 mins : SANUSI LAMIDO SANUSI talks of a one man business, but will not call his name, who has 129 trucks claiming to be ferrying fuel daily, more than TOTAL Nigeria Ltd.

39.11 – 39.34 mins : SANUSI LAMIDO SANUSI looks at Tinubu and says that he has no political party and that his political party is Nigeria.

41.30 mins : SANUSI LAMIDO SANUSI talks of transfer of public money to private pockets. The state exists for those who control the state to extract its resources.

SANUSI LAMIDO SANUSI talks of debt service ratio to revenue in Nigeria, being astronomically high at 108%. So we borrow to finance to service debts, borrow to pay salaries, borrow to build roads, borrow for everything. He states that we are leaving a mountain of debts behind for our children (a legacy of debts).

41 mins : SANUSI LAMIDO SANUSI states that we have no plans to change anything. We see the problem and want to continue??? He says he is sorry for the next President. He says that the Caribbean are crying that they spend 30% of their revenue servicing debts, but that we spend 108% of our revenue servicing debts, yet we are laughing and partying.

47.28 mins : SANISI LAMIDO SANUSI says that NNPC is NOT a cash cow, rather, its is a MONEY PIT!!! He says that we should unbundle NNPC, disband it, collect our royalties and replace it by implementing the PIB.

49 mins : SANISI LAMIDO SANUSI ends all by saying that he is the Vice Chairman of the Kaduna Investment Agency and that States should assume that they are getting nothing from the center, should build their own power plant, invest in education and attract investments.

SANUSI LAMIDO SANUSI — closes his speech by saying the next president should audit NNPC and tell them to go and bring evidence for all subsidies alleged to have been paid, when and where did the ships come in and VERIFY the cargo that they brought in, with global insurance and global ships registers.

Then, he stepped down from the stage, greeted the Governor of Kaduna and some VIPs .