Jonathan’s administration is the most corrupt in history – CPC

Rotimi Fashakin

A leading opposition party in Nigeria, Congress for Progressive Change (CPC) has called for the immediate implementation of the Nuhu Ribadu-led oil Revenue Task Force.
The president had set up a 21-member panel, headed by Mallam Nuhu Ribadu, following the January’s nationwide protests against the hike in fuel price.
In a press statement signed by Rotimi Fashakin, the party’s National Publicity Secretary,  the highlights of the report as were presented as follows:

•       N86.6 Billion in cash from generous exchange rates over the 10-year period had disappeared. •       The NNPC had been getting 445,000 barrels per day of crude oil for local refining and consumption but had been selling itself this oil at cut-down prices, a practice that had cost Nigeria $5Billion in potential oil revenue in the same period.
•       Nigerian oil ministers (between 2008 and 2011) handed out seven discretionary licenses, with $183million in signature bonuses missing from the deals.
•       $1.5 Billion (in unpaid royalties) owed by Addax.
•       N137.57Billion debt owed by Shell for gas sold.
•       Nigeria is the ONLY Nation to sell all its crude through
International oil traders rather than directly to refineries, deals
usually enmeshed in opacity.
“The corruption in the oil industry has reached the crescendo in the 13-year reign of the People’s Democratic Party (PDP) with unbudgeted trillions of Naira (ostensibly used in corrupting the electoral process in 2011),” the statement said, adding that the infernal nature of the corruptive tendencies in the industry (under PDP) is seen in the pains inflicted on the Nigerian people in getting unfettered access to petroleum products for their daily needs.
“It is, without doubt, the reason that a new generation of people has been ennobled into the super-rich Nigerians, on behalf of the rest of us,” CPC said.

It also accused the Minister of Petroleum resources, Mrs Diezani Alison-Madueke of deliberately withholding the report because of vested interest.
“Is the Honourable Minister showing, with her body language, that this administration is only interested in laying subterfuge for an anti-corruption war in the oil Industry that it does not intend to pursue with scrupulous diligence?
“The CPC Party has always postulated: the Jonathan administration is not only the most corrupt in the nation’s history but it is also capable of throwing the Nigerian state into unrecoverable downward spiral of economic depression.”
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