Facing a huge cash crisis, President
Muhammadu Buhari has resorted to unusual strategies for recovering some
of the funds stolen from Nigeria’s treasury through a series of shady
deals between former Petroleum Minister Diezani Alison-Madueke and a
group of indigenous oil companies and oil marketers she and former
President Goodluck Jonathan favored.
Former Governor of the Central
Bank of Nigeria, Sanusi Lamido Sanusi, brought the part of the illicit
deals to public attention when he alerted Nigerians that the Nigerian
National Petroleum Corporation (NNPC) had failed to deposit $20 billion
of oil revenues with the CBN. In addition, Mrs. Alison-Madueke had inked
some deals, with the blessing of former President Jonathan, involving
oil swaps and the transfer of certain oil wells reclaimed from
multinational oil companies to shady Nigerian operators, including Jide
Omokore and Kola Aluko.