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Emir of Kano, Sanusi flaunts Rolls Royce while accusing rich Nigerians of living on Bank loans

The former CBN governor and Emir of Kano just got himself a Rolls Royce Phantom to celebrate the  sallah.
He posted some pictures On his official instagram page, the Emir captioned the shared pictures thus:
“Has just been added”  However, some findings revealed that the price of 2016 Rolls-Royce Phantom is estimated at $417,825 (about N132 million).
emir-sanusi-buys-new-rolls-royce-worth-n132-millionWhile the Phantom is the newest of Sanusi’s cars, he has had plenty of experience behind the wheel of several high-end automobiles in the past.

With this new acquisition, the Emir now has at least two Rolls Royce, both models in the Phantom line.

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Earlier The Emir of Kano, Muhammed Sanusi II, had condemn some Nigerians who showcase wealth , saying some of them live on loans from banks. He  took to his twitter handle, said, “There are supposedly rich Nigerians who have everything about them financed by bank debts.”

The tweet reads, “Look at sovereign debt fueling growth. If you take the example of an individual. You happen to know bank MDs and you can make a few phone calls and get loans. You borrow N1 billion here today and build a very nice mansion in Abuja. You borrow another N1 billion and let your family go out on first class ticket as you are travelling all over the world. You borrow another N5 to N6 billion and buy a private jet. We have very many people in Nigeria who you think are very rich. But, who are really bankrupt, because everything about them are being financed by bank debts.

“When one debt matures they have enough connections to call another bank, borrow and refinance that debt. They are not earning anything.

“They have private jets. They have yachts. Their families travel first class. They go abroad and stay in the most expensive hotels. It happens. And it is happening today.

“What do you think of those people? When you think about such people, do you think they are foolish people? Or do you think they are wise people? So, what would you say of a country that does this? So, you feel growth by borrowing money, pay salaries, people spend money on pure consumption spending, nothing is produced. It’s fine. It’s short term. But, it is not sustainable. How much can you continue to borrow and consume without producing?”

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