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FG Awarded $1.1tn Contracts to Unregistered Companies – PDP

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  • FG Awarded $1.1tn Contracts to Unregistered Companies – PDP

The Peoples Democratic Party has accused the Federal Government of providing cover for shoddy oil deals allegedly involving the All Progressives Congress’ interests.

The allegation is contained in a statement issued on Wednesday in Abuja by the PDP National Publicity Secretary, Kola Ologbondiyan.

The statement partly read, “This APC government is not only grossly incompetent and corrupt, but also a champion in the use of lies and manipulations against innocent and unsuspecting citizens.

“We all know that it was convenient for the APC Presidency to promise Nigerians that it will no longer import fuel only because the PDP government had already laid the foundation including the revamping of the refineries and ensuring a domestic production of five million litres out of the 25 million litres daily domestic consumption.

“Sadly, this incompetent APC government, in its almost three years, has not added one litre to the five million litres, which the PDP administration was producing.

“Instead of improvement, the APC has wrecked the system and now pushing the nation to depend solely on importation, while engaging in heavy sleazes in hidden subsidy regimes.”

It alleged that the Federal Government, in its bid to cover its ineptitude and oil subsidy corruption, announced that it was the NNPC and not Nigeria that paid for fuel subsidy.

“The question is: who owns the NNPC? Is it not Nigeria? Can the NNPC spend a kobo without the authorisation of the Presidency? Has President Muhammadu Buhari ceased to be the President of the Federal Republic of Nigeria and the Minister of Petroleum Resources?

“Moreover, if the NNPC, which is under his purview, has been paying fuel subsidy, who authorised the payment and who are the beneficiaries? Nigerians need to know the truth on this subsidy regime.

“We therefore challenge the APC-led Federal Government to come clean on these issues and stop telling lies to Nigerians who have suffered enough under its deceptive, inept, uncoordinated and wicked regime.”

Ologbondiyan urged Nigerians not to be forlorn, adding that it had repositioned to stand with the people in the inevitable mission to rescue and restore the nation to the path of prosperity come 2019.

When contacted, the National Publicity Secretary of the APC, Mallam Bolaji Abdullahi, referred our correspondents to the NNPC.

He said, “I think the Nigerian National Petroleum Corporation is better placed to answer questions relating to the fuel situation. You should direct your questions to them.”

The Nigerian National Petroleum Corporation’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, said the allegation by the PDP was not true.

He said the corporation refuted the claims last week, adding that the Corporate Affairs Commission had also denied the allegation.

Ughamadu said, “We refuted it last week. Also, CAC denied it.”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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