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   IGP Responds to #EndSarsNow Campaign, Releases Phone Numbers

 

“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   Oil Prices Getting Higher, Hit $80

 

“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   Nwodo Now Using Ohanaeze Presidency to Feather his Political Nest - SERG

 

“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

#EdoDecides: INEC Reacts to Election Postponement ... In its reaction to calls by security agencies to postpone next Saturday's governorship election in Edo State, the Independent National Electoral Commi...
Andy Murray continues his fine form by easing past... • Andy Murray won in straight sets 6-4, 6-2 against Donald Young in Miami • The British No 1 sealed his place in the third round of the tournament ...
Meet Prince Adeyeye Enitan Ogunwusi, New Ooni Of I... The new Ooni of Ife has been unveiled. He is Prince Adeyeye Enitan Ogunwusi, now the Ooni of Ife Elect. TheStreetReporters.com gathered that two cand...
Lagos CJ, Justice Atilade, Loses N7m To Fraudster The Chief Justice of Lagos State, Justice Olufunmilayo Atilade, has been defrauded of the sum of N7 million to fraudsters. However, one of the fr...
2016 Budget: Buhari Insincere, Borrowing Like Ther... With the presentation of the 2016 budget of the over N6 trillion before a joint session of the National Assembly on Tuesday by President Muhammadu Buh...

About James Ezema, Abuja

Avatar
The Street Reporters Newspaper is Nigeria's fastest growing grassroots and national news portal, with ever increasing reading audience across global communities. Do you have Breaking News for us? Call/WhatsApp: +2348175047979 Email: james@streetreporters.ng Read Breaking News: www.StreetReporters.ng Follow Us On: Instagram: https://www.instagram.com/streetreporters/ Facebook: www.facebook.com/thestreetreporters/ Twitter: @StreetReporters Android APP: Play Store

Leave a Reply