Home Energy Senate vows to probe diversion of N378bn NLNG fund

Senate vows to probe diversion of N378bn NLNG fund

Saraki releases details of 2018 budget of N139.5 billion

.PDP challenges Buhari to speak out on scandal


Senate President Bukola Saraki has assured of an investigation into why the Nigerian National Petroleum Corporation (NNPC) diversion of N378 billion dividend from the Nigerian Liquefied Natural Gas (NLNG) to fund petroleum subsidy.

who made this known in statement issued by Special Adviser on Media Adviser, Yusuf Olaniyonu said that on resumption of plenary, Senate will further probe the claims made before the Senate ad-hoc committee by the Group Managing Director of NNPC, Maikanti Baru, on how and why the corporation was diverting the dividend to defray the cost of under-recovery in the importation of fuel

Saraki stated that the disclosure by the NNPC boss in response to enquiries by the Senate adhoc committee probing the issue of illegal payment of subsidy on fuel, called for further investigation by the Senate and also showed that as alleged in a motion moved earlier by Senate Minority Leader, Senator Biodun Olujinmi, a lot of illegal and unapproved spending are going on in the petroleum corporation.

He said,“Let me assure Nigerians that there will be no cover up. We are confident the adhoc committee will do a thorough job. All the issues will be unearthed. That is why when the Senate set up investigative committees on issues, we want Nigerians to have confidence in us that we do not act because we want to embark on a wild goose chase.

“There must be some serious issues to be looked into. The revelations by the NNPC GMD have justified the need for this investigation and they have shown that we are acting in good faith.”

An online Newspapers published documents of how the federal government illegally diverted $1.05 billion (N378 billion at N360 to a dollar) to secretly fund subsidy payment on petroleum products.Documents published by this newspaper show that the fund was sourced at the height of the fuel scarcity crisis between last December and January and was secretly diverted into payments on petrol supply and distribution.

Meanwhile, Peoples Democratic Party (PDP) has challenged President Muhammadu Buhari 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.

This is even as the party mocked the President, saying he has entangled himself in a web of corruption by trying to launder his West Africa Examination Certificate (WAEC) certificate scandal, instead of being remorseful and apologizing to Nigerians.

PDP, in a statement by its spokesman, Kola Ologbondiyan said that 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.

The party said 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.

“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 party lamented the alleged corruption and stealing of trillions of naira in the oil and gas sector, which is under President Buhari’s purview, as Minister of Petroleum.

PDP noted that the corruption in the sector 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.

“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,” it said.

The party challenged 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.”

PDP, has, however, urged 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.

Meanwhile, the party has pointed out how President has embarrassed the nation with the WAEC issue.PDP said that Presidency displayed the highest form of corruption and decadence by involving in manipulations, forgery and lies in an attempt to hoodwink Nigerians with bogus claims even when it had become clear that Mr. President does not possess the claimed WAEC certificate.

The party insisted that “nothing is more humiliating to our nation than having our Presidency entangled in high-level of international corruption involving the name and personality of the President, the latest being the procuring and parading of fake WAEC certificate attestation.

“The world now knows why the Buhari Presidency lacks the rectitude to genuinely fight corruption and the reason it has been harbouring liars, fraudulent individuals including certificate forgers both in ministerial and other top government positions as well as running the most corrupt administration in the history of our nation.

“Now that all the shenanigans are laid bare the PDP challenges President Buhari to, in his words, tell Nigerians how he would describe any person who claims to be what he is not, or claims to posses what he does not have.”

The party urged Nigerians to continue to be alert and united in their determination to vote out this incompetent, deceitful, duplicitous, disconnected and overtly corrupt Buhari administration, which has brought so much anguish and shame to our nation.

For a better society

Total Views: 57 ,


Leave a Reply