Finally! EFCC discovers the missing $20bn that got Sanusi fired by GEJ, You won’t believe where

Recall that the former Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi (now Emir of Kano Muhammadu Sanusi II) raised the alarm that there was an estimated $20bn shortfall in oil revenues due to the treasury from the state oil company which might have been spent illegally.

The Nation reports that a recent discovery by the Economic and Financial Crimes Commission( EFCC) has come to light following the probing of the former Minister for Petroleum Diezani Alison-Madueke. The antigraft agency traced the diversion of the substantial part of the missing $20billion oil cash into different accounts, for the 2015 electioneering campaign of the Peoples Democratic Party (PDP).

A source close to the investigation, said:

"We have tracked a substantial part of the missing $20billion about which the former CBN Governor raised the alarm.

"From our findings, the oil money was diverted. We will soon make the details available.

"As for those being invited for interrogation on campaign funds, we have been able to establish that the amounts in question were strictly government funds.

"Whatever noise anyone is making is baseless. We are determined to recover these funds from all the beneficiaries.

"Some of the suspects have refunded the cash credited to them and some still have outstanding funds to pay."

The highly-placed source debunked rumours that this was a witch hunt against PDP leaders, adding that the EFCC would investigate other political parties if there is any evidence of government funds spent on their campaign.

However, Sanusi had told members of the Senate Committee on Finance at the National Assembly in Abuja, in 2014 that $20billion was missing.