APC Asks Jonathan To Account For N5 trn Oil And Gas Revenue

The All Progressives Congress, APC Presidential Campaign Organisation has asked President Goodluck Jonathan to account for the missing, N5 trillion oil and gas revenue.

In a statement issued Wednesday by the Director of Media and Publicity, APCPCO, Mallam Garba Shehu, in Abuja Wednesday, President Goodluck 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 cited a report in The Punch newspaper, of 25 November, 2012 edition where it alerted Nigerians on how over five Trillion Naira oil money had been stolen under Jonathan’s tenure.

APCPCO 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 Nigeria’s our oil and gas revenue has further compounded Nigeria’s economic predicament.

It noted that if the above scenario was frightening, what followed in the last two years has been worse and most flagrant.

According to APCPCO, “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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