Explain N378bn NLNG Scandal PDP Urges Petreolum Minister Buhari

Spread the love

The Peoples Democratic Party (PDP) challenges President Muhammadu Buhari, who is also the Minister of Petroleum Resources, and the All Progressives Congress (APC) to speak out on revelations of how N378 billion proceed from the Nigerian Liquefied Natural Gas dividends was allegedly siphoned by the Buhari Presidency cabal, under sleazy oil subsidy deals.

 

The party said Nigerians were startled by revelations of how the funds from the NLNG, an agency under President Buhari’s direct supervision as Minister of petroleum, was secretly lifted and spent without the appropriation of the National Assembly.

 

In a statement issued by the party’s spokesman, Kola Ologbondiyan, noted that “Available intelligence shows that the Presidency cabal cornered the money under the guise of subsidy payments but allegedly diverted a huge part of it to members of the cabal and some key APC leaders, which they used to finance their wasteful lifestyle, including acquiring posh property within and outside the country.

POST RECOMMEND FOR YOU   NGO Creating Gender Equality Right Awareness Among Today’s Women

 

“If there was no ulterior agenda; if the money was actually meant for payment of subsidy, why was it drawn and purportedly spent without recourse to the constitutionally required approval of the National Assembly and other due process procedures under our laws?

 

“The PDP notes that such humongous corruption and stealing of trillions of naira in the oil and gas sector, which is under President Buhari’s purview, as Minister of Petroleum, is directly responsible for the biting economic recession and its attendant high cost of living, acute hunger and starvation, poor living standard, dilapidated infrastructure, escalated violence and high mortality rate in the country in the last three and half years.

POST RECOMMEND FOR YOU   Full Text of the Communique After Northern Groups' Summit on Saturday

 

“If the Buhari-led APC administration had curtailed its greed and allowed for a little transparency in governance, our nation would not be in the dire strait in which we have found ourselves today. In any case, what else does one expect from a government replete with avaricious individuals, certificate forgers and liars.

 

“The PDP challenges President Buhari, as Mr. Integrity, to speak out on the monstrous corruption in his Presidency, which has also failed to offer explanations for the alleged siphoning of over N10 trillion from various sleazes, particularly in the oil and gas sector.

POST RECOMMEND FOR YOU   Osanebi to Invest More in Education, Youth Empowerment

 

“Finally, the PDP urges the National Assembly to immediately open an inquest into the N378 billion NLNG scandal and unravel who actually authorized the withdrawal, the beneficiaries, as well as what each APC leader got from this huge scam, with a view to exposing them and recovering the fund in the national interest”, the party stated.

Also Read

Highlights Of 68th National Economic Council Meeti... Vice President Yemi Osinbajo, SAN, presided over the meeting of the National Economic Council, NEC, held today at the Council Chambers of the Presiden...
Saint Peter Obi At His Best By Joe Jideofor On Saturday 1st of October, I drove to my office to attend to some pressing pertinent issues as I usually do every weekend, and as I was about to lock...
Police Arraign 2 Developers Over False Information...   Two property developers, Lukman Kadiri, 55 and Anthony Folarin, 54, were today, arraigned before an Igbosere Chief Magistrate's Court, L...
Delta Speaker Disowns Olose, Says He’s Proud... The Office of the Speaker, Delta State House of Assembly, has disowned Mr. John Olose. The speaker describe him as a proud member of the All Progress...
Unpaid $1.8m USD Debt: Court Freezes Tonye Cole... A Lagos Federal High Court, has ordered interim attachment of all funds and stakes accruable to an Oil company Enageed Resources Limited (a member of ...

Leave a Reply

Your email address will not be published. Required fields are marked *

Inline
Inline