Where is N5 Trillion Nigeria’s Oil Money, APC Queries Jonathan
explain to Nigerians how five trillion Naira (N5 Trn) in oil and gas
revenue has gone down the drain.
In a statement by the Director of Media and Publicity, APC Presidential
Campaign Organisation, Mallam Garba Shehu, in Abuja on Wednesday,
President Jonathan was challenged 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," the APC Campaign said.
The APC Campaign recalled that a prominent newspaper, The Punch, had in
the 25th of November, 2012 edition alerted Nigerians on how over N5
Trillion oil money had been stolen under Jonathan's tenure.
The APC Campaign while bemoaning the shock that the nation's economy is
currently going through as a result of the free-fall of the oil pries
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,
http://www.punchng.com/news/n5tn-stolen-under-jonathan- investigation which was never responded to by the government.
It noted that if the above scenario was frightening, what followed in the
last two years has been worse and most flagrant.
According to the APC Campaign, "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."
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