The All Progressives Congress (APC) Presidential Campaign
Organisation (APCPCO) has asked the Peoples Democratic Party (PDP) to
explain to Nigerians how N5 trillion in oil and gas revenue allegedly
gone down the drain.
In a statement by the Director of Media and Publicity, APCPCO, Mallam
Garba Shehu, in Abuja yesterday, the organisation challenged
President Goodluck Jonathan to explain why over N5 trillion in oil and
gas revenue vanished under his supervision, through fraud and
embezzlement.
“This government must answer the questions posed by the different
Committees and Task Forces that probed the Oil and Gas Sector between
2011 and 2012. By this, we mean the Nuhu Ribadu-led Petroleum Task Force
Report, the Minister of Trade and Investment’s report on stolen crude;
the House of Representatives fuel subsidy report coupled with the
investigations into the ecological fund, SIM card registration and
frequency band spectrum sale,” APCPCO said.
The campaign organisation recalled that a national newspaper had in
its November 25, 2012 edition alerted Nigerians on how over N5 trillion
oil money had been stolen under Jonathan’s tenure.
Bemoaning the shock that the nation’s economy was currently going
through as a result of the free-fall of the oil pries, APC noted that
waste and graft associated with the management of the oil and gas
revenue had further compounded Nigeria’s economic predicament.
It noted that if the above scenario was frightening, what followed in the last two years had been worse and most flagrant.
“Industrial theft of oil surged from 250,000 to 400,000 barrels per
day and remains unabated. The issue of corruption was also repackaged
and lowered to the status of petty stealing. Worse still, innocent
whistle-blowers were hounded out of office,” it stated.
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