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Account for N5tn oil revenue, APC tells Jonathan
The All Progressives Congress Presidential
Campaign Organisation has asked President
Goodluck Jonathan to tell Nigerians how five
trillion Naira (N5tn) in oil and gas revenue went
down the drain.
The organisation said this in a statement signed
by its Director of Media and Publicity, Mallam
Garba Shehu, in Abuja on Wednesday.
It challenged the President to explain why over N5
trillion in oil and gas revenue “vanished” under
his supervision.
Shehu said, “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.”
The APC Campaign recalled that a prominent
national newspaper, The Punch, had, on the 25th
of November, 2012 alerted Nigerians on how over
N5tn oil money had been stolen under Jonathan’s
tenure.
While bemoaning the shock that the nation’s
economy is currently going through as a result of
the free-fall of the oil prices, the APC Campaign
noted that waste and graft associated with the
management of our oil and gas revenue has
further compounded Nigeria’s economic
predicament.
The APC Campaign reminded Nigerians of the
report of Punch Newspaper private investigation
in 2012 , which was never responded to by the
government.
The APC campaign also noted that if the above
scenario was frightening, what followed in the last
two years has 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,” The
campaign said.
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