PAN AFRICAN VISIONSPAN AFRICAN VISIONSPAN AFRICAN VISIONS
Font ResizerAa
  • Home
  • Politics
    PoliticsShow More
    Carolyn Rodrigues-Birkett Deepens Africa Outreach in UN Secretary-General Bid

    Guyana’s Carolyn Rodrigues-Birkett is stepping up engagement with African leaders as she…

    By
    Pan African Visions
    Bio Welcomes Koroma Home As Sierra Leone Turns A Page

    President Julius Maada Bio’s decision to facilitate the return of former President…

    By
    Pan African Visions
    UN Commission Warns Violence, Impunity Threaten South Sudan’s Elections and Transition

    By Deng Machol JUBA — The UN Commission on Human Rights in…

    By
    Pan African Visions
    Jane Ansah Credits Mutharika for Her Rise to Malawi Vice Presidency

    By Burnett Munthali MULANJE — Vice President Dr Jane Mayemu Ansah has…

    By
    Pan African Visions
    Tanzania’s Democracy Test: Reconcile Before Rewriting the Nation’s Rules?

    By Adonis Byemelwa Dar es Salaam — Tanzania is approaching this year’s…

    By
    Pan African Visions
  • Business
    BusinessShow More
    The Dangote IPO: Africa’s Most Ambitious Experiment in Mass Financial Enfranchisement

    By Zekarias Amsalu Dubale* Aliko Dangote wanted to be remembered as someone…

    By
    Pan African Visions
    Fatima Bio Launches Flot as Sierra Leone Steps Up Digital Finance and Global Payments

    By Ishmael  Sallieu Koroma First Lady Fatima Maada Bio has officially launched…

    By
    Pan African Visions
    African Energy Week Remains a Forum for Investment, Dialogue and Continental Growth

    Ahead of African Energy Week (AEW) 2026 in Cape Town, the African…

    By
    Pan African Visions
    Tanzania’s Kagera Coffee Nights Expose a Deeper Jobs and Skills Gap

    By Mutayoba Arbogast On a balmy evening at a campfire storytelling gathering…

    By
    Pan African Visions
    Tanzania and China Pledge Stronger Mining Sector Cooperation

    By Prosper Makene  The United Republic of Tanzania and the People’s Republic…

    By
    Pan African Visions
  • Health
  • Sport
    SportShow More
    The King in the Motherland: What LeBron’s First Day in Angola Reveals About the Africa the World Refuses to See

    By Dr M'zée Fula NGENGE* LUANDA — Before sunrise on Saturday morning,…

    By
    Pan African Visions
    Cameroon: Wotutu-Ewongo Turns to Football to Rebuild a Community Battered by Conflict

    By Boris Esono Nwenfor WOTUTU-EWONGO, PAV – For a community that has…

    By
    Pan African Visions
    Nicolas Pompigne-Mognard’s Billion-Dollar Vision for African Sports

    By Ajong Mbapndah L Africa produces some of the world’s finest athletes…

    By
    Pan African Visions
    Friendship Tournament Demonstrates Russia-Africa’s Sporting Success and Prospects

    By Kestér Kenn Klomegâh The Russia–Africa Friendship Cup international tournament concluded triumphantly…

    By
    Pan African Visions
    Tennis : Zimbabwe Juniors Claim Silver And Bronze In Maputo

    By Anyway Mukumanhenga MAPUTO – Zimbabwe’s Under-12 tennis teams returned from Maputo,…

    By
    Pan African Visions
  • Multimedia
    • Sports
    • Documentaries
    • Comedy
    • Music
    • Interviews
  • APO/PAV
  • AMA/PAV
    AMA/PAVShow More
    U.S. Embassy Pretoria Celebrates Mandela Day at Zola Community Health Center in Soweto

    PRETORIA, South Africa, July 22, 2019,-/African Media Agency (AMA)/- To honor Nelson Mandela’s…

    By
    Pan African Visions
    Zimbabwe: Droughts leave millions food insecure, UN food agency scales up assistance

    Severe drought has rendered more than a third of rural households in…

    By
    Pan African Visions
    Mozambique: Opposition candidate facing pre-election death threats and intimidation

    GENEVA, Switzerland, July 19, 2019,-/African Media Agency (AMA)/- The main opposition candidate in…

    By
    Pan African Visions
    The END Fund – Making everyday a Mandela Day

    JOHANNESBURG, South Africa, July 18th 2019,-/African Media Agency/- 2018 was a true landmark…

    By
    Pan African Visions
    Innovation leaders gather in Nairobi to unpack Intelligent Enterprise opportunities at SAP Innovation Day.

    NAIROBI, Kenya , July 18, 2019 -/African Media Agency (AMA)/- About 600…

    By
    Pan African Visions
  • Media OutReach
    Media OutReachShow More
    Lever Style Announces the Sale of Champion System to ONDO

    HONG KONG SAR – Media OutReach Newswire – 16 September 2026 —…

    By
    Pan African Visions
    Hang Lung Opens Xi Zhe Wuxi, Curio Collection by Hilton at Center 66, Further Tapping Wuxi’s Premium Clientele

    A New Chapter for Hang Lung's Second-Largest Market in the Chinese Mainland…

    By
    Pan African Visions
    Bupa Hong Kong Welcomes Hong Kong’s First Five-Year Plan, Supporting Prevention, Primary Healthcare and Healthy Ageing to Build a Healthier Hong Kong

    HONG KONG SAR - Media OutReach Newswire - 16 September 2026 -…

    By
    Pan African Visions
    Response to the 2026 Policy Address and the Five-Year Plan (2026-2030) by Cushman & Wakefield

    HONG KONG SAR - Media OutReach Newswire - 16 September 2026 –…

    By
    Pan African Visions
    Tackling the 40% IV failure rate: CUHK students win the James Dyson Award 2026 with an affordable AI vein visualizer

    Jarinyagon Chantawannakul and Wai Yan Phyo Oo from the Chinese University of…

    By
    Pan African Visions
  • Blogs
    • African Show Biz
    • Insights Africa
    • Cumaland Diary
    • Kamer Blues
    • Nigerian Round Up
    • Ugandan Titbits
    • African View Points
    • Global Africa
  • Magazines
Search
  • Global Africa
  • Interviews
  • Politics
  • Sports
  • African Newsmakers
  • African View Points
  • Development
  • Discoveries
  • Education
© 2026. Pan African Visions. All Rights Reserved.
Reading: Nigeria's leader surrounded by 'incompetent' frauds: ex-bank boss
Font ResizerAa
PAN AFRICAN VISIONSPAN AFRICAN VISIONS
  • Politics
  • Business in Africa
  • Blog
  • Health
  • Sports
  • Entertainment
  • Multimedia
  • Contact
Search
  • Home
  • Politics
  • Business
  • Health
  • Sport
  • Multimedia
    • Sports
    • Documentaries
    • Comedy
    • Music
    • Interviews
  • APO/PAV
  • AMA/PAV
  • Media OutReach
  • Blogs
    • African Show Biz
    • Insights Africa
    • Cumaland Diary
    • Kamer Blues
    • Nigerian Round Up
    • Ugandan Titbits
    • African View Points
    • Global Africa
  • Magazines
Have an existing account? Sign In
Follow US
© 2025 Pan African Visions.  All Rights Reserved.
PAN AFRICAN VISIONS > Blog > Africa > NIGERIA > Nigeria's leader surrounded by 'incompetent' frauds: ex-bank boss
FeaturedNIGERIAPerspective

Nigeria's leader surrounded by 'incompetent' frauds: ex-bank boss

Last updated: February 25, 2014 5:09 am
Pan African Visions
Share
Sanusi
Sanusi
SHARE

By Ben Simon* [caption id="attachment_8654" align="alignleft" width="300"] Sanusi[/caption]

Nigeria’s former central bank chief Lamido Sanusi on Sunday described the president who ousted him as a simple man trying to do well who has been undermined by incompetent and fraudulent aides.

Sanusi, widely respected by economists in Nigeria and abroad, was suspended by President Goodluck Jonathan on Thursday over alleged financial misconduct, a move seen by many analysts as politically motivated.

Sanusi has accused the state Nigerian National Petroleum Company (NNPC) of misappropriating $20 billion (14.5 billion euros), allegations that earned him powerful enemies across the government.

In an interview with AFP in Lagos, Sanusi said many of the people advising Jonathan are sycophants who do not speak frankly about the extent of corruption in government.

“When you sit with President Jonathan himself he appears a nice simple person who is trying his best to do his best,” Sanusi said.

“His greatest failing obviously is that he is surrounded by people who are extremely incompetent, who are extremely fraudulent and whom he trusts.”

Jonathan, who has led Africa’s most populous country and top oil producer since 2010, is expected to seek another term in elections next year, but must first overcome unprecedented divisions within his own party.

When Sanusi was removed, just four months before his tenure was set to expire, analysts voiced concern that Jonathan was seeking to sideline an increasingly vocal critic of his government’s record on corruption.

Rights threatened? – Sanusi learned of his suspension while in Niger for a regional meeting. He immediately returned to Lagos, where intelligence agents from the Directorate of State Services (DSS) seized his passport.

On Friday, he secured a temporary order from the Federal High Court in Lagos barring DSS agents or police from arresting him.

“I thought taking away my passport was the beginning of infringement on my fundamental human rights,” Sanusi told AFP, explaining why he had already sought court protection.

Regarding the allegations against him, Sanusi said he had earlier this year heard of a report condemning his performance and wrote to Jonathan in “June or July” asking if an explanation was needed, but received no reply.

Regarding the allegations against him, Sanusi said he had earlier this year heard of a report condemning his performance and wrote to Jonathan in “June or July” asking if an explanation was needed, but received no reply.

The first time he was formally notified about the allegations was the day he was suspended, he said.

He argued it would be too simple to describe his removal as payback for his attacks on the NNPC.

“Since 2009 I have been annoying the government… You’ve got people who think I have the wrong friends, people who think maybe I have not distanced myself enough from people who are seen to be opposition figures,” he further said.

The list of his enemies may have been built up over years, but the NNPC affair appeared to be the final straw.

  – Unprecedented graft – The NNPC has become notorious as one of the most opaque oil companies in the world, but Sanusi said the extent of the graft may have reached an historic high. “I think everybody has known that NNPC is rotten. I don’t think it has ever been as bad as this,” he told AFP. He has levelled various accusations against the company, but an alleged kerosene subsidy payment scam has received increased attention. [caption id="attachment_8655" align="alignright" width="300"]Jonathan Jonathan[/caption] Even though the NNPC pays subsidies to kerosene vendors, Nigerian consumers still pay full market price for the product. According to Sanusi, the so-called kerosene subsidy money in fact pays for “private jets…yachts… and expensive property in Beverly Hills and Switzerland.” Sanusi has ruled out running for elected office, but said he may still have a future in public service.

In the short term, he voiced readiness to face any attacks that may be coming from those committed to preserving the status quo in a nation where, despite massive oil wealth, most of the 170 million people live on less than $2 a day.

“If I am sacrificed in whatever way, my freedom or my life… if it does lead to better accountability it will be well worth it,” he said.

*Source AFP
]]>

Share This Article
LinkedIn Email Copy Link Print
Previous Article The Kampala-Entebbe expressway is being constructed with the help of the Chinese government China-Africa trade surpassed $200 billion in 2013
Next Article Investing In Africa’s Future: Youths As An Asset
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
Diestmann

You Might Also Like

‘Make America Great Again’ in Africa

By
Pan African Visions
African Energy ChamberAfrican NewsmakersAlgeria

Sierra Leone’s Petroleum Push: Momentum, Modern Data, and a Roadmap to First Oil

By
Pan African Visions
AlgeriaAngolaBenin

FIFA U20 WWC: Naomi Eto, Remember the Name

By
Pan African Visions
AlgeriaAngolaBenin

Autochek Officially Launches in Kenya

By
Pan African Visions
PAN AFRICAN VISIONS
Facebook Twitter Youtube Rss Medium

About US


Pan African Visions: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

  • 7614 Green Willow Court, Hyattsville, MD 20785 , USA
  • +1 24 0429 2177
  • pav@panafricanvisions.com
Top Categories
  • Politics
  • Business in Africa
  • Blog
  • Health
  • Sports
  • Entertainment
  • Multimedia
  • Contact
Usefull Links
  • PAV – Home
  • Contact Us
  • About Us
  • Complaint
  • Advertise With Us

© 2026 Pan African Visions. 
All Rights Reserved.