Former Vice President of Nigeria, Atiku Abubakar has asked the Nigerian government to explain why Oando Plc, owned by President Bola Tinubu’s nephew, got accelerated approval to buy the onshore assets of AGIP and ENI while other transactions such as the Shell/Renaissance deal and the Mobil/Seplat continue to suffer delays.
Atiku also accused the government of giving Oando undue
preferential treatment in the oil and gas sector to the detriment of more
competent investors.
The former Vice President in a release signed by his Special
Assistant on Public Communication, Phrank Shaibu, slammed Tinubu’s
administration for implementing a sham subsidy regime.
The 2023 Presidential candidate of the Peoples Democratic
Party, PDP, knocked the House of Representatives for failing to take proper
action on the Nigerian National Petroleum Company Limited, NNPCL, which he said
had gone ahead to “mortgage the country’s national oil assets to vested
interests”.
Atiku continued, “Within just eight months, the Nigerian
Upstream Production Regulatory Commission, NUPRC, approved a deal which saw the
divestment of ENI/AGIP onshore assets to Oando. Within that same period,
Nigeria controversially withdrew all litigation against Shell/ENI in the OPL
245 scandal in what has been described as a quid pro quo.
“Ideally, democracy ought to be the government of the
people, for the people, and by the people. But democracy in Nigeria has become
the government of Tinubu, by Tinubu, and for Tinubu and his family members.”
Atiku added, “In July 2023, the House of Representatives,
following the adoption of a motion moved by Miriam Onuoha directed NNPC Ltd to
suspend the acquisition of OVH assets pending an investigation by its
committee.
“The House ad-hoc committee requested the NNPC Ltd to
furnish it with information about registration documents/history from CAC for
OVH, Nueoil, and NNPC Retail Limited (NRL), Board Resolution of NNPC Ltd on
purchase of OVH, Audited Financial Statement and Management Accounts from 2015
to date of OVH, Nueoil, NRL and NNPC Ltd and the payroll from 2015 to date for
NRL and OVH; Board Resolution of NRL/CHQ for movement of head office to Lagos
and evidence of Tax Payments for NRL and OVH from 2015 to date.
“The NNPC ignored all these and went ahead to transfer its
ownership and properties in its retail arm to OVH, thereby mortgaging the
future of Nigerians”.
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