The Conference of Nigeria Political Parties (CNPP) said it
has been vindicated by Peter Obi, Nasir El-Rufai, and Sanusi Lamido regarding
the Nigerian National Petroleum Company (NNPC) Limited.
In recent days, the ex-Anambra Governor, Kaduna helmsman and
ex-Emir of Kano, asked the federal government to privatize the Government
entity.
Their suggestion was hailed by a group which said the
national oil company has become a burden rather than an asset for economic
growth and development.
The CNPP said the comments by experts have again brought to
the front burner issues bordering on the “corruption and manipulation of
figures” by the NNPC.
“On the day President Muhammadu Buhari inaugurated the
current management of the NNPC Limited, he practically renamed and finally
incorporated corruption in the oil sector”, CNPP Secretary General, Willy
Ezugwu said in a statement.
Ezugwu accused the NNPC of claiming “questionable annual
profit declaration” to blindfold Nigerians and the President, who holds the
Minister of Petroleum Resources position.
He said within one week, three prominent individuals who
should know have questioned the viability of the company and the competence of
the leadership.
Ezugwu noted that the Labour Party (LP) presidential
candidate repeatedly took a swipe at the management and asked them to resign.
El-Rufai, he added, said though the Group CEO Mele Kyari was
trying his best, the company has failed and has no business being in the
sector.
“NNPC claims that subsidy has taken all the oil revenues, I
don’t believe that. Nothing has changed for NNPC other than adding ‘L’ to it
for the limited. They are still declaring profits that we don’t see the
dividends”, Ezugwu quoted the governor saying.
Sanusi, a former Central Bank of Nigeria (CBN) governor, at
the Kaduna Investment Promotion Agency summit, said unbelievable fuel
consumption figures were being released by NNPC Limited on daily basis.
“In, 2019, officially we were importing 40 million litres
per day. In 2022 officially, we are importing 66 million per day. In three years,
we have increased our petrol consumption by 50%.
“Please tell me, is it the population? Is it the number of
cars? Just ask yourself if it makes sense that in three years you increase your
consumption of petrol by 50%. Are we drinking petrol?” He queried.
The CNPP recalled its recent advice to President Buhari to
allow private sector players take charge of NNPC Limited.
Ezugwu wondered how long Nigerians would endure “the
manipulated figures coming from the NNPC year in and year out”.
The statement said NNPC declared N674bn profit after tax for
year 2021 even though funds spent on subsidy continue to skyrocket.
Noting that Obi, El-Rufai, and Sanusi have vindicated the
body, the CNPP reiterated its call for the sack of the current NNPC management
team and board to avert the total collapse of the economy.
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