It is a public knowledge that CBN Governor, Sanusi Lamido claimed that that about $50 billion went missing or diverted and not being remmitted by NNPC in year 2012 and this has caused so much controversy as the letter purported written by Sanusi to the President was leaked to Gov Amaechi who then capitalised on that to make political stunt and media revelations

The biggest factor here is that Sanusi's CBN Governorship expires in 2014. If you understand position of power, especially one which a CBN governorship position has been made to be in Nigeria, you will realize that leaving the position at this time may make him less relevant in scheme of politics ahead of 2015 election (forget the rhetorics of him retiring to his Kano Village). So writing the letter to the President in private means : To try and use last moment effort to parley with GEJ and show his 'commitment' to his (GEJ) administration in anti-corruption's campaign. The questions here: Why now? Why few months to expiration of his tenure as CBN Governor is he writing this 'private' letter? Why this time? Is it that his eyes have finally opened up to see the looting and massive corruption in the Nigerian system that he decides to write to the President instead of his normal revelation of scandals to the press or expose through public lectures where he is usually 'special guest'? Before some one says otherwise, of course he is entitled to write private message to the President, but the Sanusi we all know that loves public stunts and controversy acting to curry affection from GEJ?

However, even if he alleges that $1 trillion is stolen annually, no one will dispute that because of the massive corruption we Nigerians and the youth know our leaders, politicians and looters to steal public funds and has caused even the urborn generations of this country, but funds being offically collected or remitted into CBN or federation account being stolen under leadership of CBN Governor or Ministers calls for condemnation. The Heads should be held accountable. Imagine, Ukraine, an european country needs $10 billion loan from Europe or Russia to stay afloat and keep it from brinks of collapse (someone might ask if Ukraine is as big as Nigeria)

Moreso, Sanusi's allegation may be spurious - when about $38 Billion was the national budget in 2012, how can $50 Billion dollars officilly collected be amount stolen - not that every one dollar should not be accounted for? Actually, when Sanusi was calculating his calculations, he failed to factor in the 60:40 sharing formula between the FG and the oil coys with attendant sundry expenses from the same earning.
I don't think the problem of an average black man is his inability to read but rather his inability to comprehend what he is reading.....a simple case is this scenario where a budget of $38 billion in a fiscal year suddenly gave birth to a $49 billion 'missing funds'! The question now is, how come?

Not a fan of GEJ especially his manner of speech and funny hats, however, despite the daunting challenging he still one of the most under-appreciated President Nigeria has. If Nigerians are not okay with him, 2015 is by the corner, we all can push him out with our votes

Let Sanusi pls retire from seat so we have less controversial figure who will focus on monetary economics of the nation