HomeBusinessMissing $10 Billion Was...

Missing $10 Billion Was Possibly FG’s Contribution To Boko Haram – Balarabe Musa

by Oluwatosin Fatoyinbo

The Chairman of the Conference of Political Parties (CNPP) and former Governor of Kaduna State, Balarabe Musa believes that the missing $10 billion missing from the accounts of the National Petroleum Corporation (NNPC) may have gone to the Boko Haram set as the Federal Government’s contribution to the sect. he asked that the National Assembly set up a panel to investigate the financiers of the group

While displaying his anger for the pictures showing Ali Modu as a part of the President’s entourage to Chad, he said there was no need to investigate all the links between the President, Sheriff and Boko Haram.

Balarabe Musa said: “Remember that the former CBN governor made a weighty allegation about the missing $40 billion that was reduced to $20 billion. The NNPC denied it and later, the President himself after he suspended Sanusi also agreed that $10 billion was not accounted for. Now, in that case, both the allegation against Sanusi and the miss-handling of Sanusi’s letter by the President should be included in the investigation. That amount maybe part of the money made available to Boko Haram by the government. The whole thing should be investigated. Nobody should be left out of the investigation because that is the only way we can know the truth; and that makes the government incapable to conduct the investigation. It must be an independent body.”

According to him, “there was no need for any international criminal investigative body to be invited into the country’s internal affairs since the National Assembly could serve as an independent body to do a thorough investigation, arguing that Nigeria was not a banana republic where foreign countries could be called to interfere.”

“Do you think the Chinese and the Americans would allow foreign countries to investigate their affairs? Not everyone in Nigeria and those in the National Assembly in particular is a Boko Haram sympathiser. Even though we are polarised at the moment, we must find someone who we can trust at home. We cannot trust the executive and judiciary to do it; we should allow the NASS to do it. As bad as they maybe the NASS are the ones directly representing Nigerians. It is more difficult to manipulate the NASS because they are people with different interest,” he said.

 

“The President and Sheriff are probably collaborating to hide the truth about Boko Haram. President Jonathan is giving Sheriff the strength to feel that they are together and that they will stand with each other. This is the impression I have; and definitely it is a reasonable impression.

“This is not the first time the president is flirting with those under investigation. You remember how the President appeared in a group photograph with the erstwhile Aviation minister, Stella Oduah, in Israel when she was accused of squandering the nation’s resources on bullet-proof cars. The President gave the impression that he was supporting the minister. Nigerians were shocked and surprised that a minster under serious allegation bordering on corruption and gross misconduct, did not consider it moral to avoid taking the minister on an oversee tour or associating with her. So, the continuation of misconduct, even if it did not amount to conspiracy, it is an impeachable offence,” he said.

He further said that Nigeria has got to the point where even when there is no democratic way of changing a government under current circumstance, other tools available to check excesses of government and abuse of power should be employed in order to save the country’s nascent democracy.

“We certainly don’t want military coup. So, the simplest thing is impeachment. If we can’t have military coup and we don’t want impeachment, then, we will have social revolution. This unemployment, the current level of corruption- wasting and stealing of the nation’s resources, corruption in public institutions and mindlessness of political leaders call for drastic action,” he said.

 

New CBN Governor Godwin Emefiele has not given an official position of the apex bank on the allegation that the alleged official who handles money sent to Boko Haram by yet-to-be identified Nigerian politicians, currently works in the apex bank’s operations department. Efforts to reach CBN’s Corporate Affairs Head, Ibrahim Muazu was unfruitful as he had yet to return several calls or reply text message sent to his phone as at the time of this report.

 

- A word from our sponsors -

spot_img

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Residents: Key Factors to Consider When Choosing a Self Storage Facility in Philadelphia

Finding the ideal self-storage unit can be challenging, especially in Philadelphia,...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent...

- A word from our sponsors -

spot_img

Read Now

Residents: Key Factors to Consider When Choosing a Self Storage Facility in Philadelphia

Finding the ideal self-storage unit can be challenging, especially in Philadelphia, where options abound. Many residents seek facilities that not only safeguard their belongings but also provide value and convenience. In this article, you'll learn the key factors to consider when selecting a self-storage facility in the...

“No Victor, No Vanquished” — Angbazo calls for unity after Nasarawa ADC Governorship Primary win

LAFIA — Retired General Nuhu Angbazo has emerged victorious from the Africa Democratic Congress, ADC, governorship primaries in Nasarawa State, calling on all party faithful to sheathe their swords and rally behind a common vision for the state's development. In a press statement issued shortly after his victory...

Lazarus Angbazo: The Countries that will lead the AI Economy are being decided right Now — By Their PowerGrids

Nigeria has enough installed generation to power a mid-sized country. The grid delivers less than half of it. Around the world, the race to build AI-ready power infrastructure is already underway — and the decisions African governments and investors make in the next eighteen months will determine...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent story: a French immigrant and an American woman enter a marriage of convenience so he can stay in the US. They barely know each other. They hope never to see each other again after the deal...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical malpractice attorneys are finding themselves overshadowed by competitors who dominate online visibility. The root of this issue lies in the digital presence that many firms lack. While traditional word-of-mouth referrals still hold value, the digital age...

Lazarus Angbazo: The global power industry is leaving Africa behind

 Dr. Lazarus AngbazoThe nascent AI revolution is not just driving electricity consumption and massive demand for additional capacity—it is reshaping how power is built, maintained, and delivered. For Africa, the real risk is no longer just insufficient capacity—it is also losing control and ability to manage the capacity it...

Bunmi Onabanjo-Kuku: The first thing you feel when you land in Nigeria

By Bunmi Onabanjo-Kuku The first thing you feel when you land in a country is not its culture, not its cuisine, not its people. It is its airport. That threshold, the space between the jet bridge and the city beyond, tells you everything a nation believes about itself...

Dr. Lazarus Angbazo: Why a fractured world strengthens the case for African Infrastructure

How inflation, energy insecurity, power scarcity, and geopolitical fragmentation are reshaping the risk-return case for African infrastructure By Dr. Lazarus Angbazo At a recent global infrastructure summit, the prevailing mood among institutional investors was unmistakable. Faced with surging capital requirements for energy transition, grid expansion, and digital infrastructure in Europe and...

Aliko Dangote to launch what could become Africa’s largest initial public offering to raise $5 billion from investors

Nigeria’s biggest local investor, Aliko Dangote, is moving ahead with plans to launch what could become Africa’s largest initial public offering, as Dangote Petroleum Refinery & Petrochemicals prepares to raise up to $5 billion from investors. The share sale is expected to open as early as May, with...

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting 656 critical power assets across 14 states in 2025 alone and keeping up the pace in early 2026. The Nigerian Communications Commission (NCC) data showed the haul included 152 generators and 504 batteries stolen from...

Paul Yirenkyi: A call for Caution Needed, President Tinubu and the INEC-ADC Crisis

I have seen enough cycles of tension and resolution to recognise when restraint must prevail over confrontation. The current standoff between the Independent National Electoral Commission (INEC) and the African Democratic Congress (ADC) is one such moment. In early April 2026, INEC withdrew recognition of the Senator...

Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened

10 months until the 2027 general elections, Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened. Although no fewer than 21 political parties have been registered by the Independent National Electoral Commission (INEC) to participate in the polls, developments within the parties, including internal crises, litigations and other destabilising factors, may...